Silicon Valley has created a new breed of American worker: neither employee nor contractor, indispensable to the company but free to work as much or as little as they please - with no real boss.
IBM said Tuesday it is raising its quarterly dividend to $1.30 from $1.10, an increase of 18 percent.
Apple and IBM, once the most unlikely of allies, on Wednesday announced the first fruits of a partnership aimed at developing new mobile software—and selling more mobile devices—to business customers.
IBM will pay $1.5 billion to Globalfoundries in order to shed its costly chip division.
Jayant Kale didn't grow up dreaming of becoming a leading expert in corporate finance and mutual fund investment. But he's happy he invested in that market early in life.
IBM is raising its quarterly dividend by 16 percent to $1.10 per share from 95 cents per share.
Investors Wednesday pummelled IBM after the computer and technology giant reported disappointing sales and said most of its 2014 earnings would come in the latter half of the year.
IBM's board has approved the repurchase of $15 billion of its common stock.
IBM said Wednesday that its third-quarter net income rose 6 percent, but its revenue fell and missed Wall Street's expectations by more than $1 billion. The company's stock fell in extended trading.