The IBM board of directors today declared a regular quarterly cash dividend of $1.50 per common share, payable December 9 to stockholders of record November 10. With the payment of the December 9 dividend, IBM will have paid consecutive quarterly dividends every year since 1916.
Sony, which has staged a turnaround following a string of losses about a decade ago, increased its annual operating profit outlook to a record 630 billion yen ($5.6 billion) from 500 billion yen for the current fiscal year through March, according to Bloomberg.
Nintendo’s Switch console is becoming a major pillar of its business. The company almost doubled its annual profit forecast after production of the hybrid console accelerated and customers bought more games than anticipated, according to Bloomberg.
Facebook’s strategy to stamp out fake news is struggling, according to Bloomberg. The company outsources the process to third-party fact checkers who can only tackle a small fraction of the bogus news that floods the social network, according to interviews with people involved in the process.
The costumer is the king, everybody knows this sales phrase, but today with all the social networks costumer comes in the focus, and the companies including telecommunication operators are becoming aware of that.
Alphabet beat projections for third-quarter sales and earnings after a surge in Google ad volume helped the web-search giant shrug off concerns about regulatory scrutiny and an expensive foray into hardware, according to Bloomberg.
Crown Prince Mohammed bin Salman said Saudi Arabia is in talks with some of the world’s biggest companies to develop technologies that will power life in the $500 billion city he’s planning to build on the Red Sea, according to Bloomberg.
Amazon showed investors it can run grocery stores, churn out gadgets, expand its cloud-computing business and invest in new markets, all while selling more products online and managing expenses, according to Bloomberg.
Intel’s push into new products is helping bolster sales and earnings in the second half of the year, even as the chipmaker’s dependence on the lackluster personal-computer and server markets is keeping growth in check, according to Bloomberg.
Microsoft’s push into the cloud forged ahead last quarter, with demand for online versions of Office productivity software and the Azure web-services business bolstering sales and earnings, according to Bloomberg.
Twitter is banning advertising from all accounts owned by Russia Today and Sputnik effective immediately, after U.S. investigators concluded the Russian media companies attempted to interfere in the 2016 presidential election, according to Bloomberg.
Combis's Olive Manager app has won the first place in the category of the best cloud services for vertical markets at the European EuroCloud Awards competition, which was held at the EuroCloud Forum 2017 in Brussels.
Facebook could be in the firing line of data privacy regulators across the EU if the bloc’s top court follows the opinion of an adviser who said the social media giant may be policed by authorities in the country where users are based, according to Bloomberg.
Ericsson has signed an exclusive multi-year contract with FOX Networks Group Middle East to provide playout, media management and global distribution services for three new HD channels. The new channels, FOX Crime, FOX Life and FOX Rewayat, launched last month and are broadcast 24 hours a day from Ericsson’s broadcast and media services hub in Abu Dhabi.
A new iteration of the most popular cryptocurrency bitcoin has been formed after some developers split the blockchain, according to Bloomberg. Called bitcoin gold, the offshoot comes less than three months after bitcoin cash was created.