The market is wrapping up a brutal quarter as investors search for a bottom in the fastest bear market ever amid the coronavirus crisis. The Dow Jones Industrial Average is on track to post its worst first quarter in history, but the recent sharp rebound raises the question if the worst is behind us. Here’s […]
Tag: International Business Machines Corp
Rapid CEO turnover continues with a record number of top executives departing in January
Ginni Rometty, Chairman, President and CEO of IBM speaking at the 2019 DealBook Conference in New York on Nov. 6th, 2019. Photo: Samuel Corum A total of 219 chief executive officer’s left their posts in January, the highest month on record, according to business and executive coaching firm Challenger, Gray & Christmas. Last month’s total […]
Amazon wants to question President Trump over JEDI cloud contract loss
WASHINGTON — Amazon is seeking to depose President Donald Trump, Defense Secretary Mark Esper and former Defense Secretary James Mattis over a $10 billion Pentagon cloud contract awarded to Microsoft. In court documents unsealed and filed Monday, Amazon’s cloud computing arm said it’s looking to depose seven “individuals who were instrumental” in the JEDI source […]
AnitaB.org CEO Brenda Wilkerson interview
AnitaB.org CEO Brenda Wilkerson is trying a different approach to diversity in Silicon Valley. Brenda Wilkerson is disappointed with Silicon Valley’s repeated diversity failures, and says time is running out. Nearly two years ago, the former computer programmer and entrepreneur took the CEO role at AnitaB.org, a non-profit organization named after famed computer scientist Anita […]
Worst drop since October, coronavirus fears grow, airlines fall
This is a live blog. Check back for updates. 3:10 pm: Coronavirus names fall ahead of the close Stocks with a large amount of exposure to the coronavirus epidemic accelerated losses on Friday, dragging down the major averages. American Airlines, Delta and United all suspended flights to and from China, sending their stocks down 3.5%, 2.4% […]
Satya Nadella credits Ballmer for pushing Microsoft to cloud: Cramer
Microsoft’s stock price has more than quadrupled since Satya Nadella took over as CEO six years ago, thanks to the company’s rapid growth in cloud computing. But Nadella credits his predecessor, the louder and more outspoken Steve Ballmer, for making the decision to take on Amazon Web Services in cloud infrastructure, where Microsoft is now […]
IBM’s downgrade makes no sense
First Horizon National Corp.: “This stock is not down as well as I thought because I think that the acquisition was a brilliant acquisition. Others don’t. I think they’re wrong. [CEO] Bryan Jordan understands.” HollyFrontier Corp.: “I’m not going to disagree with you. I think it is a value play, as long as you accept […]
Lululemon, Boeing, Tesla, Ford & more
Check out the companies making headlines before the bell: Lululemon (LULU) – The apparel maker raised its earnings and revenue guidance for the fourth quarter, citing holiday season momentum. Lululemon now expects a profit of $2.22 to $2.25 per share for the quarter, compared to a previous range of $2.10-$2.13 and a consensus estimate of […]