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IBM can't spin its way out of trouble

IBM can’t spin its way out of trouble
Arvind Krishna, seen here at The Wall Street Journal: The Future Of Everything Festival in 2019, formally became chief executive officer of IBM in April.Premium
1 min read
Dan Gallagher
, The Wall Street Journal
Disappointing results bring stock back to where it was before the company announced a spin-off meant to boost growth prospects
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IBM is learning fast that even ambitious weight-loss plans don’t always solve everything.
The company more formally known as International Business Machines posted disappointing fourth-quarter results late Thursday. Revenue slipped across the company’s business lines, though the most painful miss came in Big Blue’s cloud and cognitive software segment, which saw revenue fall 4.5% year over year to $6.8 billion. That was well below the $7.3 billion Wall Street had been expecting for a key business unit that had been showing steady growth of late. The Dow compone ....

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Volkswagen looks to claim damages from suppliers over chip shortage: Report

Automakers around the world are shutting assembly lines due to problems in the delivery of semiconductors, which in some cases have been exacerbated by the former Trump administration s actions against key Chinese chip factories ....

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Reliance spins off oil-to-chemical unit

Reliance spins off oil-to-chemical unit
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A woman walks past a poster of Reliance Industries installed outside the venue of the company s annual general meeting in Mumbai June 7, 2012.
(REUTERS)
. Updated: 24 Jan 2021, 01:22 PM IST PTI
Reliance for the first time reported integrated earnings of the O2C business in its third quarter financial results
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NEW DELHI :
Billionaire Mukesh Ambani s Reliance Industries Ltd has completed spin-off of the firm s oil-to-chemical business into a new unit that will help it pursue growth opportunities with strategic partnerships, the company has said.
The oil-to-chemical (O2C) business unit holds Reliance s oil refinery and petrochemical assets and retail fuel business but not upstream oil and gas producing fields such as KG-D6 and textiles business. ....

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We are testing training, fitness apparel: Bata's Sandeep Kataria

We are testing training, fitness apparel: Bata's Sandeep Kataria
livemint.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from livemint.com Daily Mail and Mail on Sunday newspapers.

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Amazon needs electric vehicles, too

Amazon needs electric vehicles, too
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FILE PHOTO: A parking sign for electric vehicles is pictured in Gruenheide, Germany, November 13, 2019. REUTERS/Hannibal Hanschke/File Photo
(REUTERS)
Stephen Wilmot
, The Wall Street Journal
In the frothy EV sector, companies focused on parcel-delivery vans have a stronger business case than most
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When you think of electric vehicles, you might think first of a Tesla. But a more financially rewarding use of the technology that is upending the automotive industry could be the vans that deliver your online shopping.
Until recently, such unassuming vehicles occupied an easily ignored niche within the multitrillion-dollar automotive industry. That is changing fast. This week, privately held Rivian Automotive raised $2.65 billion at a $27.6 billion valuation to fund its rollout of EVs, including a delivery vehicle for e-commerce giant Amazon.com, which holds a stake in the sta ....

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