Business

IBM to cut 3,900 jobs as it reorganizes business

IBM will slash some 3,900 jobs, slightly more than one percent of its workforce, related to businesses it has divested, a source close to the matter told AFP on Wednesday.

Business

Apple's revenue, profit top analyst views in latest quarter

Apple on Thursday reported quarterly results that topped analysts' profit projections despite supply shortages, economic fallout from the Russia-Ukraine war and a growth slowdown from the huge sales lift that technology products ...

Automotive

GM lifts forecast as chip shortage eases, stock hits record

Shares of General Motors Co. closed at a record high Thursday after the company said its efforts to manage the global computer chip shortage have worked better than expected, so it's financial results will improve.

Profits at India's TCS slump 13.8% as virus batters demand

India's largest software exporter Tata Consultancy Services (TCS) reported a 13.8 percent fall in quarterly net profits Thursday after the country's coronavirus lockdown disrupted its operations and pushed Western clients ...

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