Salesforce.com Inc. jumped to a record high after quarterly results showed customers are seeking the marketing tools Chief Executive Officer Marc Benioff acquired to complement his customer-management software.
Microsoft Corp.’s next chief executive officer will need the expertise and strategic vision that can help the biggest software maker confront a broad range of threats that Steve Ballmer, for all his expertise as a salesman, was never able to repel.
Hewlett-Packard Co. issued a forecast for fiscal fourth-quarter profit that missed some analysts’ estimates, and Chief Executive Officer Meg Whitman rescinded a projection for growth in fiscal 2014 as ebbing demand for personal computers and lower business spending hamper her turnaround efforts.
Investors had declared the stock of AllianceBernstein Holding LP a loser. From Jan. 1, 2010, to Aug. 23, 2012, it had declined 43 percent compared with a 33 percent gain for the Standard & Poor’s 500 Index. Nevertheless, on that day, Credit Suisse Group AG analyst Craig Siegenthaler lifted his rating on the New York-based money manager’s shares to a buy.
In late February, cash-strapped Detroit received a $1 million check from the local school system that wasn’t deposited. The routine payment wound up in a city hall desk drawer, where it was found a month later.