IBM targets $40 billion in cloud, other growth areas by 2018

International Business Machines Corp (IBM.N), which ruled computing in the age of the mainframe, is targeting $40 billion in annual revenue from the cloud, big data, security and other growth areas by 2018.


Russia's Khodorkovsky: Putin is a 'naked king' facing economic ruin

Former Russian tycoon Mikhail Khodorkovsky said on Thursday Vladimir Putin was a "naked king" presiding over an economy that will weaken further, eventually provoking a battle between rival clans in Moscow.

Fed's Bullard sees spring price rebound, summer rate hike: CNBC

The Federal Reserve should make a change to its policy statement next month that would allow it to monitor inflation readings through the spring and then hike interest rates some time in the summer, a top Fed official said on Thursday.

Oil up near $62 after Saudi comments on demand

Oil rose towards $62 a barrel on Thursday as indications of a coming recovery in demand offset a further jump in U.S. crude stockpiles which underlined currently ample supplies.


Latest News

Viacom Inc's Nickelodeon unveiled on Wednesday a paid streaming service for children called Noggin that will launch on March 5 for $5.99 a month.
Google Inc launched an initiative on Wednesday to make smartphones running its Android software more appealing to corporations, a move that could help extend the Internet company's reach into workplaces.
The International Monetary Fund on Wednesday said it was ready to assist Ukraine with its foreign currency issues, amid a steep fall in the country's hryvnia currency.
China has dropped some of the world's leading technology brands from its approved state purchase lists, while approving thousands more locally made products, in what some say is a response to revelations of widespread Western cybersurveillance.
Toyota Motor Corp's (7201.T) Lexus brand finished on top of the Consumer Reports annual "brand report card" for the third straight year, the influential U.S. magazine said on Tuesday.
European planemaker Airbus is talking to suppliers about the possibility of raising production of its A320 family of aircraft to 50 jets a month as early as 2017, narrowing a gap with rival Boeing (BA.N), a senior industry source said on Tuesday.
The Federal Reserve is preparing to consider interest rate hikes "on a meeting-by-meeting basis," Fed Chair Janet Yellen told a congressional committee on Tuesday, a subtle shift of emphasis that helps lay the groundwork for the Fed's first rate hike since 2006.
Activity in China's mammoth factory sector edged up to a four-month high in February but export orders shrank at their fastest rate in 20 months, a private survey showed, painting a murky outlook that argues for more policy support.
Crude oil futures fell on Tuesday as expectations that this week's reports will show U.S. crude inventories rose again countered supportive news of Libyan oilfields being shut.
With shrinking prospects at home and the threat of further yen weakness, Japanese companies are rushing to buy overseas and seem willing to pay top dollar, as shown by Japan Post's $5 billion bid for Australia's Toll Holdings (TOL.AX).