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03:55 PM EDT, 03/12/2024 (MT Newswires) -- International Business Machines ( IBM ) is cutting jobs in its marketing and communications division, CNBC reported Tuesday, citing a person with knowledge of the matter. According to the unnamed source, Chief Communications Officer Jonathan Adashek told the employees about the layoffs in a roughly seven-minute meeting. The company did not immediately respond...

NEW YORK (Reuters) - Shares of Arm Holdings, the British chip designer backed by Softbank Group, gained 1.6% to $128.77 on Tuesday as markets braced for increased trading activity following the expiration of the lockup period tied to its blockbuster initial public offering (IPO). Most market debuts usually include a lockup period of up to six months, in which company...

03:59 PM EDT, 03/12/2024 (MT Newswires) -- Nike ( NKE ) sentiment may be overly optimistic heading into its fiscal third-quarter results with checks suggesting the March 21 report will underscore lackluster fundamentals, according to UBS. The sports apparel retailer will likely post results that are downbeat but within expectations and leave its fiscal 2024 guidance unchanged, analysts Jay Sole,...