Company
International Business Machines Corp
NYSE:IBM
International Business Machines Corp is a provider of hybrid cloud and artificial intelligence (AI) and business services. The company provides integrated solutions and products that use data, information technology in industries and business processes. Its segments include Software, Consulting, Infrastructure and Financing.
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IBM beats 3Q earnings expectations, led by global hybrid cloud computing
IBM also raised its revenue growth forecast for full-year 2022
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Wall Street benchmarks join major global indices to close in the red as coronavirus fears continue
"From concerns about the reflation trade, we’ve gone full reverse ferret in the face of what is becoming rising worries that spiralling Delta cases could undermine the global recovery story...," said analyst Michael Hewson
IBM sees earnings and revenues shrink in fourth quarter
The computing giant also reported lower earnings and sales for 2020 as a whole, the seventh year in a row that its earnings have shrunk
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Wall Street emerges in the green after quiet Christmas Eve session
Few fireworks went off in New York as traders began to unwind ahead of the festive season
IBM agrees to pay US$24mln to settle FCC probes
The two investigations by the regulator have run for almost 15 years and focused on IBM allegedly breaking the rules of the ‘E-Rate’ program, a service that provides discounted telecommunications services to US schools and libraries
IBM shares retreat as third-quarter results just beat market estimates but no forecast given for current quarter
'Big Blue' saw its third-quarter numbers boosted by higher demand for its cloud services, with revenue from that business rising by 19% to $6 billion in the quarter
IBM to divide into two companies in strategy overhaul
The computing giant said a new company, centred on its legacy IT infrastructure business, will be unveiled next year and spun out from the existing firm
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US stocks close higher as stimulus talks continue between Congress and White House
The major averages are higher for October after clawing back losses suffered in September -- the market’s first negative month since March
IBM shares plunge as it reports fifth consecutive quarter of declining revenue
In the third quarter to September 30, group revenue came in at US$18.03 billion compared to analysts' expectations of US$18.22 billion
LATE MOVERS: Sprint and T-Mobile drop on merger doubts; Morgan Stanley posts better-than-expected 1Q results
Also moving Wednesday were Qaulcomm and Apple, IBM, Intel, United Continental and CSX
Late Movers: Ford rises in extended trading after beating Street on revenue
Also in play in New York trading are Synchrony Financial and Procter & Gamble
Northstar Venture Technologies targets “immense and global” market for blockchain solutions
The company styles itself as a “full-service technology commercialization company” specializing in enterprise software solutions, security token offerings, strategic portfolio investments and joint ventures
CryptoCann™ Report: Mining giant Bitmain sues crypto hacker; Ohio’s medical marijuana program remains on hold
Ohio approved medical marijuana in 2016, but a lack of operating testing labs has delayed the process
EARLY MOVERS: Red Hat heads for the skies on IBM deal; Mondelez International nudges higher ahead of results
Also in the frame in pre-market deals is Esperion Therapeutics Inc and auto parts suppliers group Dana
Hardware & electrical equipment
IBM buys Red Hat in its biggest acquisition ever for $34 billion
Acquisition is a game changer for the cloud industry now worth over $1 trillion
CryptoCann™ Report: Ticketmaster uses blockchain to combat ticket fraud; Girl Guide sells every last box of cookies outside Canadian dispensary
Ticketmaster acquired blockchain-based live events company Upgrade to add encrypted barcodes to its tickets
EARLY MOVERS: IBM shares are a turn-off for investors after quarterly revenue disappoints; Pot stocks fall ahead of recreational legalization
Also in focus is the start of recreational cannabis sales in Canada and a rise in airline stocks after a Deutsche note
CryptoCann™ Report: IBM brings blockchain to European supermarket chain; Detroit donut shop owner accused of illegal marijuana sales
IBM is partnering with European supermarket Carrefour to launch the IBM Food Trust, a blockchain-based food tracker
CryptoCann™ Report: AT&T to offer suite of blockchain solutions; WeedPass lets cannabis shoppers earn reward points
AT&T’s blockchain tech is designed to work with Microsoft’s Azure and IBM’s Blockchain platform
CryptoCann™ Report: Bitcoin added to Scrabble dictionary; Leafly ousts its CEO
Leafly, an online consumer guide to marijuana dispensaries, has ousted CEO Chris Jeffrey over concerns about his management
Australian science agency claims breakthrough following Red Belly blockchain test
The blockchain was reported to have reached a benchmark of 30,000 transactions per second after it was tested across 1,000 nodes in 14 countries
CryptoCann™ Report: Walmart to use blockchain to track leafy vegetables; Choom Holdings added to Horizons Marijuana ETF
The Horizons Marijuana Life Sciences ETF has welcomed Choom, a Canadian cannabis company with a Hawaiian twist
CryptoCann™ Report: IBM to set up blockchain project directory; Willie Nelson to headline Beto O’Rourke’s rally
IBM is creating the Unbounded Registry, a list of decentralized platforms built on blockchain networks
CryptoCann™ Report: IBM expands its blockchain division; Oregon cannabis growers shift to hemp to escape saturated weed market
Cannabis growers in Oregon are growing hemp to capitalize on the growing CBD oil market
CryptoCann™ Report: Alibaba holds top spot for blockchain patents; Cronos inks deal for lab-grown cannabis
Cronos is partnering with Boston-based biotech Gingko Bioworks to develop lab-grown cannabis
Hardware & electrical equipment
LiveTiles adds ex-Microsoft director to fold after nearly tripling revenues to $15 million
The ZenDeals founder was principal software development engineering lead at Microsoft until December last year.
Warren Buffett's Berkshire Hathaway loads up on Apple, Teva Pharmaceuticals, Goldman Sachs
The bet on Apple has certainly paid off as shares in the iPhone maker have surged over 23% this year
CryptoCann™ Report: IBM and Maersk add 94 companies to blockchain platform; Lyft offers fare credits to combat driving while high
Using IBM Blockchain technology, the TradeLens platform allows gives users access to real-time shipping data
Hardware & electrical equipment
Groupon misses estimates in its second-quarter results, reaffirms its full-year guidance
The digital coupon company fell below analyst estimates on earnings and revenue, reporting a widening loss
Daily CryptoCann™ Report: IBM launches blockchain platform for big banks; Aurora Cannabis receives license for Alberta facility
The tech giant teamed up with FX provider CLS to launch a blockchain app store for financial services
International Business Machines zips past 2Q estimates, but draws mixed analyst reactions
"More clients are engaging IBM on their journey to the cloud," noted CEO Ginni Rometty
Daily CryptoCann™ Report: Coinbase may soon trade coins as securities; Aphria expands into Latin America and the Caribbean
The SEC and FINRA have approved acquisitions that will allow the exchange to operate as a broker-dealer
Hardware & electrical equipment
IBM to sue Groupon over alleged e-commerce patent violations
The IT giant is arguing that Groupon has infringed its patent over e-commerce technologies that the coupon site had licensed to other large tech conglomerates
Daily CryptoCann Report: IBM signs US$740mln blockchain deal with Australia’s government; Sweet Leaf loses all of its cannabis licenses
The tech giant will provide automation and blockchain services to some of Australia's federal departments
Carbon Black shares jump after the cybersecurity company’s trading debut
The cybersecurity company priced 8 million shares at the top of an extended price range
XTD’s technology subsidiary teams with IBM for smart cities digital solutions
Technology to communicate and commercially transact with people using transit environments via their mobile devices.
Shares of IBM decline after 1Q profit misses estimates
The computing giant's earnings disappointed the market
US benchmarks mixed at the close as IBM earnings dent Dow Jones
US indices closed mixed on Wednesday, The big story was IBM results, which came out on Tuesday and continued to weigh on the Dow Jones
IBM shares fall after 1Q profit misses estimates
The company's shares fell 5.2% in extended trading
Veritas Capital to acquire part of GE's healthcare division
The acquisition will transform the unit into a company in its own right
Echelon analyst Ralph Garcea bets on Universal mCloud’s “unfair advantage”
Some of the world's top companies rely on mCloud's unique mix of AI, AR and 3D
It’s a snow joke! Comedian Byron Allen snaps up Weather Channel for US$300mln
Allen, through his Entertainment Studios film and TV company, is buying “one of the most trusted and extremely important cable networks” in North America