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Updated: 1 min 7 sec ago
IBM missed its third quarter profit estimate and acknowledged it won’t meet a goal of achieving earnings of at least $20 a share next year, a target it stood by for five years, amid slowdowns in its hardware and services businesses.
Walgreen challenged the version of events presented by its former Chief Financial Officer Wade Miquelon in a defamation lawsuit, saying that the former executive was responsible for the disappointing financial forecast that preceded his departure.
Amazon and CBS Corp.’s Simon & Schuster have reached a new multiyear print and digital contract, a pact that comes as the online retailer continues difficult negotiations with Hachette Book Group.
Apple said its quarterly profit rose 13%, and it predicted record holiday sales, as strong demand for its new larger-screen iPhones helped to overcome sluggish iPad sales.
Sears is again turning to billionaire CEO Edward Lampert for funds, as the struggling retailer shores up its balance sheet ahead of the holiday season and seeks to reassure vendors worried about its health.
Adidas CEO Herbert Hainer needs to decide if it’s better to welcome an unsolicited bid for the Reebok unit and cash out now on a nascent recovery in the brand or double down on a more pronounced rebound.
Canadian Pacific said it ended merger talks with CSX but warned that problems plaguing the industry will only worsen if railroads don’t take action immediately.
Toyota Motor recalled another 247,000 vehicles that have an air bag that can rupture and send shrapnel into the passenger compartment, bringing the number of affected vehicles from six auto makers to 2.4 million vehicles.
Twitter, at its first developer conference in four years, is expected to announce on Wednesday a suite of tools to make it easier for programmers to build apps, according to people familiar with the matter.
Marc Andreessen is stepping down from eBay’s board. The venture capitalist’s various board seats had been criticized by eBay investor Carl Icahn.
Apple began its bold undertaking to add a wallet to its iPhones. Participants include McDonald’s, Whole Foods and Walgreen. Yet the service won’t be ubiquitous overnight.
AbbVie and Shire terminated their $54 billion deal, killing the year’s biggest agreed-upon merger amid a U.S. government push against so-called inversion deals.
China’s smartphone boom is being fueled by Japanese parts makers, a rare bright spot in Japan’s gloomy electronics industry.
UPS is planning to increase freight rates by an average of 4.9% a package after the holiday season, in the U.S., Canada and Puerto Rico, the company said Monday.
Facebook and Chief Executive Mark Zuckerberg filed suit against several attorneys Monday, claiming they helped perpetuate a fraud against the social network and its founder.
Texas Instruments Inc. projected fourth-quarter profit that topped Wall Street’s estimates as the chipmaker also reported that its third-quarter earnings rose 31% thanks to stronger sales and margins.
European companies’ business weakened in recent months, with the latest quarter’s first major earnings releases offering a grim outlook for the Continent’s economy.
Halliburton Co. said its board has approved a 20% increase to its quarterly dividend, while also reporting a 16% jump in revenue during the third quarter.
Chipotle warned its sales growth next year may slow from the robust gains reported in recent periods, even as the burrito chain posted stronger-than-expected earnings and revenue for its third quarter.