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IBM revenue down for the 14th quarter, cuts profit forecast

International Business Machines Corp (IBM) has announced more than projected fall in revenues as the stronger US currency put pressure on demand from China and other emerging economies. As a result, IBM has lowered its profit forecast for the full year. The revenues were down 13.9 percent to $19.28billion for the quarter ending September as against the forecast of $19.62bn. The latest drop in revenues marks the continuous fall for 14 quarters in a row.


China cloaks weakest growth since 2009

The world's second largest economy witnessed its lowest growth rate in the last two decades. China's gross domestic product (GDP) growth rate dipped below seven percent during the third quarter for the first time after the financial crisis. A record of 6.9 percent, below the Chinese government's target of seven percent and slightly better than the forecasted 6.8 percent. This is translating into more pressure on the Chinese government to lower interest rates and some measures to strengthen the growth rate.

U.S. wastes billion dollars every year for binge drinking

Too much drinking is not only bad for the health but also seeps out the U.S. economy. The Centers for Disease Control and Prevention (CDC) released a study on Thursday that binge drinking loses the economy a humongous "$249 billion in 2010, or $2.05 per drink, a significant increase from$223.5 billion, or $1.90 per drink, in 2006."

Gift Card Deals: Why are some mileage junkies going for gift cards

Numerous miles and points blogs would always mention the benefits of gift cards with some regularity. Moreover, most of travelers want to use gift earning credit cards so that they can earn miles and points for purchases.


Latest News

Mazda CX-3, the new compact crossover SUV is the fifth model in Mazda's line-up of new-generation vehicles that feature the full range of SKYACTIV Technology and 'KODO - Soul of Motion' design. With global launches starting from Japan in the spring of 2015, CX-3 offers all the essentials people look for in car, a design of high quality and style, and the responsive driving feel.
The Reserve Bank of India (RBI) Governor Raghuram Rajan's latest measure to slash benchmark repurchase rate is finally giving results as commercial banks started cutting down interest rates.
It was only six months ago that Dropbox hinted at developing a collaborative note-taking tool called Notes. Just now, they've released news that the tool will officially be called Dropbox Paper and that the beta test is seeing some significant progress.
Amazon is filing a lawsuit over 1,114 fake reviewers of Amazon products identified under the website Fiverr, a website for hiring freelance writers.
The largest community-based traffic app, Waze, had updated its features after three years. As Google had bought the app, the company said it will soon roll out on Android devices too.
In an extraordinary meeting held in October 18, Deutsche Bank's supervisory board supplied a reorganization of leadership and structure. Deutsche Bank announced it is restructuring its organization and executive committees.
Nestlé's sales from Asia, Oceania and Africa (AOA) region went down 3% and the company whose brands range from Nescafe and KitKat to Perrier has less sales growth forecast for 2015 to around 4.5%. This is way back below its broader objective of 5 to 6% growth in the succeeding years.
After a Twitter post that has been deemed by many as "profane" and "inappropriate", New York Times staffer Philip Richardson was reprimanded by the public, and most likely by superiors, for a social media post that sent an F-bomb to Republican presidential candidate Jeb Bush.
The China's withdrawing from the US government debt is being overlooked as robust demand in the domestic market is increasing. Several US mutual funds have started buying treasuries at auction. The US investors are also increasing their buying.
The LSE-listed insurance claims processor Quindell Plc is investing heavily to jack up its own share price. It's estimated that the company has pumped in £11million so far to push up the share price on London Stock Exchange (LSE).