The Chinese government is reviewing whether domestic banks’ reliance on high-end servers from International Business Machines Corp. compromises the nation’s financial security, people familiar with the matter said, in an escalation of the dispute with the U.S. over spying claims.
International Business Machines Corp. is reducing stock buybacks after an $8.2 billion first- quarter splurge, putting more pressure on Chief Executive Officer Ginni Rometty to reignite sales growth or cut costs to hit her profit targets.
Hewlett-Packard Co. investors are exasperated with the company’s management and its shares lack an immediate reason to climb, Sanford C. Bernstein & Co. analyst Toni Sacconaghi said in a research report.
Apple Inc. ’s iPad, which commands about three-quarters of the market for tablet computers, has an edge over rivals because of the way the company sources components and sells the device, a report says.
International Business Machines Corp. began dismissing U.S. workers yesterday, part of a $1 billion restructuring to help the company meet profit goals as it adapts to shifts in the technology industry.