IBM Services Growth Offsets Weakness in Hardware Unit

International Business Machines Corp., which disclosed stronger-than-expected preliminary fourth-quarter results earlier this week, said net income for the period surged 12% despite a slowing U.S. economy. It also gave a 2008 earnings forecast that was above Wall Street’s expectations.
IBM, regarded as a barometer of capital spending, reported net income of $3.95 billion, or $2.80 a […]

Continental Flies Over Oil Crisis

Despite many major airlines sinking under record high oil prices, Continental is flying high due to its strong traffic on its trans-Atlantic and domestic flights.
Continental Airlines was slated to report its fourth-quarter and full year results on Thursday, but said its final figures won’t be posted until mid-February due to calculation changes stemming from a […]

Novartis: Latest Victim Of U.S. Economy

Weakness in the U.S. economy is seeping into most all businesses, even Swiss pharmaceutical company, Novartis.
Novartis (nyse: NVS - news - people ) released its fourth-quarter and full-year results on Thursday, and blamed its 42.0% profit decline on weak performance in the U.S. and restructuring costs. The company said that cutting 2,500 jobs worldwide resulted […]

What Recession? PC Sales Stay Strong

By Saul Hansell
The economy may be teetering, but the personal computer business is still nimbly running at full speed, according to the tally of sales in the fourth quarter of 2007 from International Data Corp. Worldwide, 77.3 million PCs were sold in the quarter, up 15.5 percent from the fourth quarter of 2006. That represents […]

US Midwest business robust in December, jobs weak


Japan PM in China’s fast-growing Tianjin to promote business

TIANJIN, CHINA - Japanese Prime Minister Yasuo Fukuda on Saturday visited Tianjin, one of China’s fastest-growing cities, with the hopes of Tokyo’s business leaders on his shoulders.
Fukuda, who is on his second official day of a four-day tour in China, held talks and lunched with the top official of Tianjin, Zhang Gaoli.
Fukuda told Zhang that […]

Business failures in Wales rise

BUSINESS failures in Wales rose sharply in the last quarter (Q4) of 2007, bucking the UK average trend which saw a significant fall.
According to business information firm Experian the total number of firms going bust in Q4 of 2007 – 4,674 – was down 20% on the same period of 2006. However, in Wales there […]

Verizon Business Chooses Nortel Equipment for Pan-European Ultra-Long Haul Optical Network

Starting in 2008, Verizon Business will be even better positioned to deliver network capacity across Europe for high-bandwidth applications like video and advanced business services with an optical network supported by Nortel(1) (TSX: NT)(NYSE: NT) equipment. The equipment purchase supports 10G services as well as emerging 40G services and will allow Verizon(2) Business to […]

Verizon Business Upgrades Network Backbone To 40 Gbps

Verizon Business is upgrading network circuits in the U.S. and rolling out an optical transport network to connect major European cities.
Verizon Business moved to expand the speed of its backbone network circuits in the U.S. and at the same time said it will begin rolling out an optical transport network connecting major European cities.Both […]

Business Intelligence Goes Virtual

Business Objects joins the growing list of software companies offering virtual appliances compatible with the VMware infrastructure.
Business-intelligence software never makes it past the wish list at many companies. Why? Because of the time and commitment it takes to install and get the software working right. It’s an even bigger problem at smaller businesses with limited […]

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