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IBM


Crewless robotic Mayflower ship reaches Plymouth Rock

A crewless robotic boat retracing the 1620 sea voyage of the Mayflower has landed near Plymouth Rock.

Autonomous Mayflower reaches American shores -- in Canada

A crewless robotic boat that had tried to retrace the 1620 sea voyage of the Mayflower has finally reached the shores of North America — this time in Canada instead of the Massachusetts coast where its namesake landed more than 400 years ago.

Siemens exits Russia, saying "we condemn" attack on Ukraine

German industrial giant is the latest major corporation to exit Russia, with nearly 1,000 companies having pulled back.

cbsnews.com

Too Much AI May Not Be Good for Your Health or the NHS

Grand promises that the technology could transform healthcare have struggled to bear fruit, with plenty of patient data collected in the meantime.

washingtonpost.com

Stocks making the biggest moves after hours: Netflix, IBM, Disney and more

See which stocks are posting big moves after the bell.

cnbc.com

IBM first-quarter results beat estimates

IBM sees growth in 2022 after the company spun off its managed-infrastructure services unit.

cnbc.com

Russian officials warned companies like McDonald's and IBM that corporate leaders who criticize the government could be arrested, report says

One source told The Wall Street Journal that some companies had already transferred their executives out of Russia in response to the threats.

news.yahoo.com

Alphabet stock split could pave the way for addition to the Dow Jones Industrial Average

Alphabet announced a 20-for-1 stock split in its Q4 2021 earnings report on Tuesday – for all 3 classes of its stock. The stock split perhaps allows for that discussion to take place. After the stock split though, Alphabet theoretically could be swapped out for IBM without little impact to the index since both are around the same stock price. It's also worth noting that while many investors think of Alphabet as a tech stock, for indexing purposes, S&P Dow Jones categorizes it in the Communications Services category. 2015 -- a mere nine months after completing a 7-for-1 split, the fourth split in its history.

cnbc.com

Stocks making the biggest moves midday: American Express, General Electric, IBM and more

These are the stocks posting the largest moves in midday trading.

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Stocks making the biggest moves in the premarket: 3M, Johnson & Johnson, General Electric and more

The stocks making the biggest moves in premarket trading include 3M, Johnson & Johnson, General Electric and more.

cnbc.com

Stocks making the biggest moves in the premarket: Illumina, Rivian, Juniper Networks and more

The stocks making the biggest moves in premarket trading include Illumina, Rivian, Juniper Networks, and more.

cnbc.com

Nasdaq rises for a second day as investors buy tech shares on the dip, Dow gains

U.S. stocks were slightly higher on Tuesday after testimony from Fed Chair Jerome Powell.

cnbc.com

Jim Cramer says these 5 'old tech' stocks could have a big year in 2022

The "Mad Money" host believes Apple, Cisco, IBM, Microsoft and Oracle could post strong results in 2022.

cnbc.com

IBM CEO says inflation fears could trigger 'some chaos'

IBM CEO Arvind Krishna has said he's "always worried" about inflation and warned of possible disruption ahead.

cnbc.com

McDonald's enters strategic partnership with IBM to automate drive-thru lanes

McDonald's has entered a strategic partnership with IBM to help the fast-food chain automate its drive-thru lanes.

cnbc.com

Adobe will put U.S. employees on unpaid leave if they're not vaccinated by Dec. 8

Adobe told employees that it will abide by President Biden's vaccine mandate since it is a government contractor.

cnbc.com

Stocks making the biggest moves midday: IBM, Tesla, Crocs, Digital World Acquisition and more

Check out the stocks making headlines on Wall Street on Thursday, Oct. 21.

cnbc.com

Stocks making the biggest moves before the bell: AT&T, IBM, Crocs, Blackstone & more

These are the stocks posting the largest moves before the bell.

cnbc.com
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Stocks making the biggest moves after hours: IBM, CSX, Tesla, Lam Research & more

See which stocks are posting big moves after the bell.

cnbc.com

Michael Dell says he isn't interested in big M&A but he may consider buying a sports team

Michael Dell spoke with CNBC about his responsibilities as a billionaire, Texas's abortion law, M&A and buying a professional sports team.

cnbc.com

IBM says all U.S. employees must be vaccinated by Dec. 8 or face unpaid suspension

The company will accept medical and religious exemptions for employees who can't or don't want to get vaccinated.

cnbc.com

MongoDB surge wraps up a massive week for open-source software as a business

MongoDB surged about 25% on Friday after reporting better-than-expected earnings. It's now worth almost as much as IBM paid for Red Hat in 2019.

cnbc.com

Raising wages isn't enough to attract and keep workers, experts say

Companies from McDonald's to Walgreens have raised pay to attract workers amid the labor shortage. However, HR experts say that's not enough.

cnbc.com

Google, Microsoft plan to spend billions on cybersecurity after meeting with Biden

The meeting follows a wave of cyberattacks that have brought added urgency to security issues.

cnbc.com

Long-term care facilities are using the pandemic as a shield, even in lawsuits unrelated to covid-19

In North Carolina, the broadly worded pandemic immunity law is being cited by long term care facilities in non-covid cases relating to a beating death, failing to properly medicate, and declining to send someone to the hospital.

washingtonpost.com

Stocks making the biggest moves premarket: Travelers, Halliburton, IBM, PPG & more

These are the stocks posting the largest moves before the bell.

cnbc.com

Earnings lookahead: Three names traders are watching on deck to report this week

Netflix, Twitter, Johnson & Johnson, IBM and Coca-Cola are just a few of the S&P 500 names on deck to report as earnings season ramps up.

cnbc.com
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Jim Whitehurst left IBM to get another shot at being a CEO, he tells Barron’s

Jim Whitehurst, who guided Red Hat’s sale to IBM for $34 billion, tells Barron’s he knew he couldn’t move up at Big Blue.

news.yahoo.com

IBM President Jim Whitehurst steps down less than two years after he joined through Red Hat acquisition

Jim Whitehurst was CEO of Red Hat, which IBM positioned as a key element of its push toward hybrid cloud that goes beyond its own cloud services.

cnbc.com

These Dow stocks could bounce after index's worst week since October, traders say

JPMorgan stock presents a buying opportunity, says Quint Tatro, chief investment officer of Joule Financial.

cnbc.com

AI-powered Mayflower, beset with glitch, returns to England

The Mayflower had a few false starts before its trailblazing sea voyage to America more than 400 years ago.

Robotic ship sets off to retrace the Mayflower's journey

More than four centuries after the Mayflower departed from England on a historic sea journey to America, another trailblazing vessel with the same name has set off to retrace the voyage.

IBM tells U.S. employees they will return to the office in September

Fully vaccinated employees will be allowed to work in the office without masks.

cnbc.com

Nobody Understands the Internet Until It Breaks

A service outage exposes the gap between how we think technology might work, and how it actually does.

theatlantic.com

IBM says chip shortage could last two years

The President of the US tech giant told the BBC that the shortage could last another two years.

news.yahoo.com

IBM says new ultradense microchip might one day quadruple your cellphone’s battery life

IBM's two-nanometer test microchip might power smartphones and autonomous cars in the decade ahead.

washingtonpost.com
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Stocks making the biggest moves midday: Kansas City Southern, Altria, IBM & more

Check out the companies making headlines in midday trading.

cnbc.com

It's not NBA Top Shot, Beeple or a tweet, but IBM thinks patents should be NFTs

IBM and intellectual property specialist IPwe are launching a blockchain platform creating non-fungible tokens for corporate patents.

cnbc.com

Stocks making the biggest moves after the bell: IBM, United Airlines, Zions Bancorp & more

These are the stocks posting the largest moves after the bell on Monday, April 19.

cnbc.com

IBM beats across the board, posts revenue growth after four quarters of declines

IBM swung to revenue growth after four quarters of declines.

cnbc.com

Cramer's week ahead: The impact of inflation and the reopening as earnings season accelerates

Next week marks the beginning of the real earnings season, "Mad Money" host Jim Cramer said.

cnbc.com

You've been vaccinated. So what should you do with your vaccine card?

Millions of Americans are getting CDC-issued "vaccination record" cards. Here's what to do with them.

cbsnews.com

You've been vaccinated. So what should you do with your vaccine card?

Millions of Americans are getting CDC-issued "vaccination record" cards. Here's what to do with them.

cbsnews.com

EXPLAINER: Will you need a 'vaccine passport' to travel?

Airlines and others in the travel industry are throwing their support behind vaccine passports to boost pandemic-depressed travel, and authorities in Europe could embrace the idea quickly enough for the peak summer vacation season. (AP Photo/Rick Bowmer)Airlines and others in the travel industry are throwing their support behind so-called vaccine passports to boost pandemic-depressed travel, and authorities in Europe could embrace the idea quickly enough for the peak summer vacation season. Technology companies and travel-related trade groups are developing and testing various versions of the vaccine passports, also called health certificates or travel passes. Airlines are counting on vaccine passports to convince governments to drop some of those restrictions that discourage visitors. Airline and business groups are lobbying the White House to take the lead in setting standards for health passes.

Oracle's planned wave of capital spending won't put it on par with cloud leaders like Amazon

IBM and Oracle don't disclose revenue from their public clouds, but they do disclose total capital expenditures. In the past four quarters, IBM and Oracle's combined capital expenditures total less than one-quarter Microsoft. "They're $100 billion behind," said Charles Fitzgerald, a former Microsoft general manager who has written about capital expenditures on his blog Platformonomics. Amazon, Google and Microsoft together had more than $90 billion in capital expenditures in 2020. Amazon had higher capital expenditures than any other company in the S&P 500 in the most recent fiscal year, according to FactSet data.

cnbc.com
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Airline and business groups press U.S. to take lead in "virus passport" development

Various groups and countries are working on developing so-called vaccine passports aimed at allowing more travel. However, the groups said that vaccination should not be a requirement for domestic or international travel. The groups include the main U.S. and international airline trade organizations, airline labor unions and the U.S. Chamber of Commerce. Still, she held out the possibility that with more data CDC might soon approve of travel by vaccinated people. Airlines are counting on widespread vaccinations to boost travel, and for vaccine passports to give a boost to highly lucrative international flying.

cbsnews.com

Stocks making the biggest moves midday: Tesla, Palantir, Hasbro, Target and more

Tesla — Shares of the electric carmaker popped 1.6% after an SEC filing showed Tesla bought $1.5 billion worth of bitcoin. The company said it bought the bitcoin for "more flexibility to further diversify and maximize returns on our cash," according to the filing. Tesla also said it would start accepting payments in bitcoin in exchange for its products as well. Hasbro – Shares of the toy maker slid about 3% despite the company beating top and bottom line estimates during the fourth quarter. Wall Street expected earnings of 89 cents per share on revenue of $790 million, according to Refinitiv.

cnbc.com

Stocks making the biggest moves in the premarket: Hasbro, Energizer, Palantir & more

Hasbro shares rose 2.8% in premarket trading as of 7:36 a.m. Energizer Holdings (ENR) – The battery maker beat estimates by 28 cents a share, with quarterly earnings of $1.17 per share. The company's shares rose 2.3% in the premarket. AMC shares were caught up in the Reddit-fueled volatility of the past few weeks. AMC shares rose 1.7% in premarket trading.

cnbc.com

Stocks making the biggest moves midday: Ford, IBM, Intel, Seagate and more

IBM — Shares of IBM sank 10% following its earnings report that showed a decline in revenue larger than analysts expected. IBM made $20.37 billion in revenue in the fourth quarter, missing estimates of $20.67 billion, according to Refinitiv. Intel — Shares of the chipmaker tumbled more than 8% despite the company's better-than-expected results for its fourth quarter. Seagate Technology — Seagate shares dropped nearly 6% in midday trading despite decent earnings results. PPG Industries — The paint maker's stock also dropped in midday trading notwithstanding profit and sales that topped expectations for the fourth quarter.

cnbc.com

Mixed finish on Wall Street as worldwide rally takes a pause

Wall Street is tapping the brakes on its record-setting rally this week, as markets worldwide take a pause on Friday. (Courtney Crow/New York Stock Exchange via AP)BEIJING – Wall Street tapped the brakes on its recent record-setting rally Friday with a mixed finish for the major stock indexes, though the S&P 500 still ended the week with its third weekly gain in four. So did the Russell 2000 index of smaller companies, which traders have been favoring amid expectations of stronger economic growth later this year. It also gave a forecast for revenue and profit in the current quarter that matched or topped Wall Street’s. A big question on Wall Street is how much more it can climb before criticism blares even louder that stock prices have grown too expensive relative to corporate profits.

Stocks making the biggest moves after hours: IBM, Seagate, Ford & more

Pedestrians walk in front of the IBM building in New York. Check out the companies making headlines after the bell:IBM — Shares of IBM fell more than 6% in the extended session after the company reported fourth-quarter sales below where analysts were expecting. Revenue of $2.83 billion beat expectations, though investors are closely watching its guidance for the rest of the year. Seagate Technology — Seagate stock dropped 4.6% despite reporting fiscal second-quarter profit and sales ahead of expectations and guidance for the third quarter about in line with estimates. Seagate said it experienced "broad-based improvement" and "solid customer demand" for its products.

cnbc.com

How IBM influences policy without spending big money on election campaigns

The promises were relatively narrow and did not suggest a permanent retreat from election spending. Some businesses only promised to cut spending from politicians who objected to certifying President-elect Joe Biden's victory, while others said they would reassess all PAC contributions. If the trend sticks, businesses may look to a handful of companies to learn how to gain influence in government without PAC spending. In the tech sector, Apple and IBM have long resisted creating their own PACs, yet their presence is felt strongly in Washington. On Friday, IBM revealed several particular areas where it plans to focus its advocacy this year.

cnbc.com

You've received a COVID-19 vaccine. How do you prove it?

For many, the key will be digital vaccine certificates uploaded onto their smartphone. IBM on Monday unveiled updates to Digital Health Pass, including a partnership with Salesforce that puts blockchain technology at the center of the tech firm's vaccine credentialing platform. Like the updated Digital Health Pass by IBM and Salesforce, CommonPass is a platform that integrates with other apps. The health data of vaccine recipients is encrypted and can be stored, transferred to another device and printed as a QR code. "In this next phase," Zenooz said, "vaccination digital credentialing will play a critical part in how we can resume our lives."

cbsnews.com

Gary Cohn joins IBM as vice chairman

Gary Cohn, the former Goldman Sachs president and economic advisor to President Donald Trump, is joining IBM as its vice chairman. Cohn announced the move in a tweet Tuesday morning in which he said he was "honored" to be joining the company's board. That might make Cohn an unusual choice in that his experience is primarily in finance and economics. After heading back into the private sector, Cohn soon entered the venture capital space, partnering with Cliff Robbins to form Cohn Robbins Holding Corp. Despite accepting the position at IBM, Cohn said he will continue his involvement with Robbins.

cnbc.com
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Managers that use A.I. 'will replace those that do not,' IBM executive says

"AI is not going to replace managers but managers that use AI will replace those that do not," Rob Thomas, senior vice president of IBM's cloud and data platform, told CNBC's "Squawk Box Europe" on Monday. When asked whether AI automation would contribute to job losses, Thomas said human employees' roles would likely change. "We've done a lot of work with (U.K. retail bank) NatWest and they're using AI to help their customer service. Now, are they automating some customer service tasks? IBM announced in October it would spin off its managed infrastructure services unit into a new public company, to focus more on its higher-margin cloud and AI capabilities.

cnbc.com

Ken Frazier, Ginni Rometty and other CEOs pledge to train and hire 1 million Black workers in 10 years

Merck chairman and CEO Ken Frazier, as well as executive chairman and former IBM CEO Ginni Rometty, are joining forces with other top CEOs and organizations to close the economic opportunity gap for Black Americans. "Many times, companies require four-year degrees for the kinds of jobs that really do not require a four-year degree," Frazier tells CBS's Gayle King, while explaining that this criteria hurts many Americans, particularly Black Americans, who are unable to afford college. Roughly 36% of all Americans and just 26% of Black Americans had a four-year college degree in 2019, according to the Census Bureau. He adds that when looking at the data, "you can see that there is a huge disparity between opportunities and wealth" for Black families and White families. In 2019, White families had the highest median household wealth of any racial group at $188,200; Black Americans had the lowest median household wealth at $24,100, according to the Federal Reserve.

cnbc.com

52 years later: IBM apologizes for firing tech pioneer, former UM professor for coming out as trans

Conway was a trailblazer in technology and transgender rights. She was fired from IBM in 1968 before the U.S. Supreme Court ruled in 2020 that transgender people are included in the Civil Rights Act of 1964. “Pretty much immediately fired,” Conway recalled. “Because of what happened, the way it happened, I didn’t see my kids again until they were adults,” Conway said. In 2020, 52 years after Conway was fired, IBM awarded her with a lifetime achievement award and apologized.

Phishing ploy targets COVID-19 vaccine distribution effort

(AP Photo/Virginia Mayo)BOSTON – IBM security researchers say they have detected a cyberespionage effort using targeted phishing emails to try to collect vital information on the World Health Organization's initiative for distributing COVID-19 vaccine to developing countries. The investment, in the works well before the pandemic, was accelerated to prepare for an eventual global rollout of coronavirus vaccines. There have been reports that Johnson & Johnson has been targeted by North Korean hackers, but Allison said that doesn't mean the attempts have been successful. On Wednesday, Britain became the first to country to authorize a rigorously tested COVID-19 vaccine, the one developed by American drugmaker Pfizer and Germany's BioNTech. Unlike the Moderna and Pfizer COVID-19 vaccines, Johnson & Johnson's requires refrigeration but does not need to be frozen.

Asian shares track Wall Street fall as virus aid hopes fade

Asian shares fell moderately Tuesday, echoing Wall Street's decline as hopes faded Washington will come through with badly needed aid for the economy before the U.S. presidential election. On Wall Street, the S&P 500 dropped 1.6%, its worst day in more than three weeks. The S&P 500 fell 56.89 points to 3,426.92. The index has gained 7% so far this month, outpacing the 1.9% gain for the broader S&P 500. The benchmark S&P 500 has notched a gain in each of the past three weeks.

IBM to spin off $19B business to focus on cloud computing

ARMONK, N.Y. – IBM says it is breaking off a $19 billion chunk of its business to focus on cloud computing. The 109-year-old tech company said Thursday it is spinning off its managed infrastructure services unit into a new public company, temporarily named NewCo. IBM CEO Arvind Krishna said the split will help IBM focus on its cloud platform and artificial intelligence, while the newly formed company will provide services to manage the infrastructure of businesses and other organizations. Once a household name for its personal computers, IBM shed its PC business in 2005 and has since become focused on supplying software services to big businesses, governments and other organizations. It has worked to strengthen its cloud computing business but has struggled to compete with top cloud rivals Amazon, Microsoft and Google.

Asian stocks follow Wall Street higher on stimulus hopes

Asian stock markets followed Wall Street higher on Friday on hopes Washington will provide more aid to the struggling U.S. economy. (AP Photo/Eugene Hoshiko)TOKYO – Asian stock markets followed Wall Street higher on Friday on hopes Washington will provide more aid to the struggling U.S. economy. Wall Street gained Thursday after President Donald Trump suggested he might be reversing his decision to halt talks on economic aid. “The on-and-off nature of the fiscal stimulus discussion in the U.S. hardly inspires lasting confidence,” said Mizuho Bank in a report. Stock rose Wednesday in response to that.

Microsoft joins Amazon, IBM in pausing face scans for police

Microsoft has become the third big tech company this week to say it wont sell its facial recognition software to police, following similar moves by Amazon and IBM. Weve decided we will not sell facial recognition technology to police departments in the United States until we have a national law in place, grounded in human rights, that will govern this technology, Smith said. Smith said Thursday that Microsoft currently doesn't sell its face recognition software to any U.S. police departments. Microsoft, Amazon and IBM are calling on Congress to set national rules over how police use facial recognition something that's now being considered as part of a police reform package sparked by the protests following Floyd's death. "We need Congress to act, not just tech companies alone.

New York authorities test cyber defenses

CNN image(CNN) - Two days after Louisiana officials declared a state of emergency following a massive cyber attack, authorities from New York conducted a "digital fire drill" to see how critical infrastructure would hold up during a security breach. The idea was to create a makeshift scenario where a cyber attack shuts down key infrastructure, causing anywhere from a loss of power to mass casualties. The drill was put on by organization called New York City Cyber Critical Services and Infrastucture (NYC CCSI), which is spearheaded by the Manhattan District Attorney's Office, the NYPD, NYC Cyber Command and the Global Cyber Alliance, an international nonprofit aiming to combat cyber attacks. Vance said his office would also need to function at a high level in case of a cyber attack. You're talking about subpoenas.

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