International Business Machines Corp. Chief Executive Officer Ginni Rometty, facing more skeptical investors after the company missed quarterly earnings estimates for the first time in eight years, said she remains confident about reaching long-term profit goals.
International Business Machines Corp., the biggest computer-services company, boosted its dividend 12 percent and approved $5 billion in stock buybacks, rewarding investors after a disappointing earnings report.
International Business Machines Corp. reassigned the head of its hardware division to a new role, a person familiar with the matter said, making a change after a 17 percent drop in the division’s sales last quarter.
International Business Machines Corp. , angling to reap more than 5 percent of its revenue from cloud computing by 2015, is introducing new ways for customers to run business software inside its data centers.
National Basketball Association players say team owners, who contend they lost a combined $300 million last season, don’t seem motivated to end a lockout that threatens cancellation of the 2011-12 season.
National Basketball Association players, who three days ago fired the leader of their union, need to pinpoint what they want from the next executive director before selecting that person, agent Arn Tellem said.