While you were sleeping: IBM rally boosts Dow to record

Wed, 18 Oct 2017

By Margreet Dietz Oct. 19 (BusinessDesk) - Wall Street rose to fresh record highs, bolstered by a rally in shares of IBM after the company reported quarterly earnings and an outlook that exceeded expectations. IBM projected fourth-quarter revenue of US$22 billion to US$22.1 billion, which—if achieved— would represent as much as a 1.5 percent gain from the same period in 2016 and would end a 22-quarter streak of shrinking sales, according to Bloomberg. “Management is focused in the right areas, but still have some work and must demons...

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