Here’s What’s Going on in Finance Today
Google is making moves in the productivity suite game. Google applications (Docs, Sheets, Slides and others) are being made available free of cost to companies with current enterprise agreements with other providers. Until those enterprise agreements have expired this service will remain free. Google will offer contracts to those companies afterwards, claiming contracts will have “no traps or gotchas.” For the time being this service is only an option in the United States, and there is no clear picture on when the offer will end. For more of the details go to the link below, or click here.
A drop in sales this third quarter marks the 14th straight quarterly revenue drop for IBM. This shortfall has dropped IBM stock by 5%, to $142. IBM has been focusing on what CEO Ginni Rometty calls, “strategic imperatives.” This means the company is reorganizing itself around cloud computing, data analytics and security businesses. This new focus means dropping other hardware businesses, which in turn leads to revenue loss. But even with the new focus, is IBM falling behind competitors in the cloud computing industry? Find out in the link below, or click here.
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Third Quarter Brings Little Relief for IBM Shareholders
The company’s shift from its legacy businesses to cloud computing continues to be painful as sales drop a greater-than-expected 14%.
Yum Brands Splitting Off its China Business
Yum China will operate as a franchise, paying Yum Brands a percentage of its sales for brand rights.
Revenue Falls at United Technologies
The aerospace manufacturer reported mixed third-quarter results but boosted its share repurchase program.
Deposits Environment: Banks Have the Upper Hand
What to do when a financial institution doesn’t want your transactional deposits.
>> Vincent Ryan
Pimco Sues Over Brazilian Oil Giant Losses
Petrobas was once a central emerging market investment for U.S. asset management companies. Now, investors are lining up to sue the company.
Google Offers Free Google Apps for Work
The search giant is trying to lure enterprises away form Microsoft’s productivity suite.
Crédit Agricole Fined $787M Over Sanctions Violations
The bank is accused of processing U.S. dollar payments for clients in Iran, Burma, and other sanctioned countries.
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