International Business Machines Corp. (IBM) unveiled new software to help large companies move some of their operations onto the Internet, the latest move by the technology company to capitalize on the fast-growing trend of cloud computing. IBM on Thursday announced a new service–dubbed “Smartcloud”–that will enable clients to use a Web-based interface to install [...]
US stock futures fell, indicating the Standard & Poor’s 500 Index may snap a three-day rally, after Federal Reserve Chairman Ben S. Bernanke said the world’s largest economy may need more stimulus. Verizon Communications Inc. and Boeing Co. helped lead declines in Dow Jones Industrial Average stocks. Bank of America Corp. and Morgan Stanley dropped [...]
The Dow Jones industrial average has had its biggest loss in six weeks and all the major indexes are down more than 2 percent.
French utility GDF Suez SA (GSZ.FR) Tuesday confirmed it is acquiring a majority stake in the U.K. independent power company International Power PLC (IPR.LN) as it reported first-half net profit rose 9 percent and confirmed its full-year forecasts. Paris-based GDF Suez, which generates power around the world and supplies customers with natural gas, said net [...]
“The U.S. economy shed more jobs than expected in July while the unemployment rate held steady at 9.5%, a further sign the economic recovery may be losing momentum. Nonfarm payrolls fell by 131,000 last month as the rise in private-sector employment was not enough to make up for the government jobs lost, the U.S. Labor [...]
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