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 ...

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

As earnings loom, Big Tech to highlight pandemic efforts

Big Tech firms set to report quarterly results in the coming days are facing the challenge of spotlighting their roles battling the coronavirus pandemic without seeming as though they are cashing in on upheaval from the health ...

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