international business machines

BRIC revenues help push IBM profits


April 18th, 2012 - 12:43 pm ICT by IANS
Washington, April 18 (IANS) International Business Machines Corp's (IBM) profit jumped 7 percent to $3.1 billion in the first quarter earnings as the tech giant reported ten percent higher revenue ... Read more...

Posted in Business |

Indian American executive tipped Rajaratnam for 5 years


March 15th, 2011 - 10:55 am ICT by IANS
New York, March 15 (IANS) Anil Kumar, a former Indian American McKinsey & Co executive, has testified that he secretly provided billionaire hedge fund tycoon Raj Rajaratnam with inside information ... Read more...

Posted in World |

IBM net income up 12 percent boosted by BRIC sales


October 19th, 2010 - 12:33 pm ICT by IANS
By Arun Kumar Washington, Oct 19 (IANS) Buoyed by strong performance in Brazil, Russia, India and China as well as solid sales of analytics software and services, the third-quarter net income of International ... Read more...

Posted in Sci-Tech |

Bharti Airtel, IBM strike technology operations deal in Africa


September 18th, 2010 - 7:16 pm ICT by ANI
Bangalore, Sept. 18 (ANI): U.S.-based International Business Machines Corp. (IBM) has entered into an agreement to manage telecommunications-services provider Bharti Airtel Ltd.'s technology operations in 16 African countries, the companies said Friday. ... Read more...

Posted in Business |

Government steps in for more Hindi on computers


September 17th, 2010 - 4:24 pm ICT by IANS
New Delhi, Sep 17 (IANS) Those who prefer to use Hindi over other languages can rejoice. The government has requested Indian and international IT giants to prioritise developing software that will facilitate ... Read more...

Posted in Sci-Tech |

Former IBM executive Robert Moffat jailed for 6 months for ‘insider trading’


September 14th, 2010 - 10:51 pm ICT by Aishwarya Bhatt
Sep 14 (THAINDIAN NEWS) Former IBM senior executive, Robert Moffat has been sentenced to 6 months in prison for what authorities in the United States are calling the biggest insider trading scandal ... Read more...

Posted in Technology Industry News |

Former IBM senior executive pleaded guilty to revealing company information for an illegal transactions


March 30th, 2010 - 2:28 am ICT by BNO News
NEW YORK CITY (BNO NEWS) – A former IBM senior executive pleaded guilty to revealing company private information, prosecutors said Monday.Robert Moffat, Jr., 53, resides in Ridgefield, Connecticut, and is a former ... Read more...

Posted in Technology Industry News |

Intel profits boom as PC sales surge worldwide


January 15th, 2010 - 7:23 am ICT by IANS
San Francisco, Jan 15 (DPA) Intel reported net income of $2.3 billion Thursday for the fourth quarter, a staggering 875-percent rise over the same period a year ago. The world's dominant maker of ... Read more...

Posted in Business |

US stocks fall slightly on technology earnings


November 19th, 2009 - 7:45 am ICT by IANS
New York, Nov 19 (DPA) US stocks posted modest losses on poor profit forecasts from technology firms and a surprising dip in home construction. Earnings from Salesforce.com and Autodesk were worse than expected. ... Read more...

Posted in Business |

US stocks fall slightly as consumer confidence falls


October 28th, 2009 - 5:58 am ICT by IANS
New York, Oct 28 (DPA) Most US stocks fell Tuesday as consumer confidence dropped for the second straight month. The private Conference Board's index stood at 47.7 in October, down 5.7 points from ... Read more...

Posted in Business |

IBM to impart software skills to Madhya Pradesh students (Business Capsule)


September 4th, 2009 - 8:17 pm ICT by IANS
Banglore, Sep 4 (IANS) The Indian subsidiary of International Business Machines (IBM) is collaborating with three engineering colleges in Madhya Pradesh to develop software skills of their students, the company said Friday. IBM ... Read more...

Posted in Business |

Punjab National Bank to raise Rs.500 crore (Business Capsule)


August 25th, 2009 - 7:59 pm ICT by IANS
Mumbai, Aug 25 (IANS) Public sector lender Punjab National Bank Tuesday said it would raise Rs.500 crore through the issue of bonds to meet its capital requirements. "The bank will be raising Rs.500 ... Read more...

Posted in Business |

US stocks continue rally on economic recovery hopes


July 17th, 2009 - 7:03 am ICT by IANS
New York, July 17 (DPA) Major US stock indices climbed Thursday for the fourth straight session amid hopes that the US recession will come to an end later this year. Stocks rallied late ... Read more...

Posted in Business |

Sun warns of earnings below expectations in fourth quarter


July 15th, 2009 - 11:31 am ICT by IANS
San Francisco, July 15 (DPA) Sun Microsystems has warned that earnings would fall below expectations in the fourth quarter, which is also likely to be its last as an independent company. A Silicon ... Read more...

Posted in World |

US stocks surge before wave of company earnings


July 14th, 2009 - 5:18 am ICT by IANS
New York, July 14 (DPA) US stocks rose sharply Monday ahead of a series of quarterly earnings reports from major financial and company earnings. Financial shares drove the rally, led by Goldman Sachs ... Read more...

Posted in Business |

Infosys eyes US acquisitions; protectionism holding back customers


March 27th, 2009 - 8:13 pm ICT by IANS
Washington, March 27 (IANS) Indian outsourcer Infosys Technologies Ltd. expects to find acquisition opportunities in the US during the downturn even as a rise in protectionist sentiment is holding back potential customers, ... Read more...

Posted in Business |

IBM cutting 5,000 jobs in US, shifting them to India (Lead)


March 26th, 2009 - 8:50 pm ICT by IANS
Washington, March 26 (IANS) International Business Machines (IBM) Corp. plans to lay off about 5,000 US employees, with many of the jobs being transferred to India, a media report said Thursday. The technology ... Read more...

Posted in Business |

After inaugural dip, US stocks rebound on Obama hopes


January 22nd, 2009 - 8:11 am ICT by IANS
New York, Jan 22 (DPA) US stock indices rebounded Wednesday after massive losses on US inauguration day that appeared more connected to faltering bank confidence than to the new President Barack Obama.An ... Read more...

Posted in Business |

US stocks slip on Merrill Lynch, Pfizer results


April 18th, 2008 - 7:11 am ICT by admin
DPA New York, April 18 (DPA) Stocks slipped across the board Thursday after Pfizer Inc's earnings trailed estimates and Merrill Lynch investment bank reported net losses of $1.96 billion. The investment bank said ... Read more...

Posted in World |

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