I.B.M. Division Headed to China Has Made No Profit in 3 1/2 Years
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I.B.M. said that the personal computer business it was selling to the Lenovo Group of China had not made a profit for three and a half years.
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Only six months out of bankruptcy, MCI has reported net losses of $3.4bn for Q3, due to falling revenues and a write down of the value of its network.
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3M Co  said on Tuesday  fourth-quarter earnings fell as last year's results included a  gain for selling a business.
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Music giant EMI sees profits fall in the first half of the year after opting to delay its major releases.
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The company announces a disappointing quarter and reduces full-year guidance.
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Profits slump at Photo-Me International after it was distracted by failed efforts to sell its core business.
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The brokerage firm and investment bank will report its  third-quarter earnings before the market opens. The stock  closed at $ 90.09 on Tuesday on the New York Stock Exchange.
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The company said its net loss in the fiscal third quarter ended Dec. 1 was $84.8 million, or 12 cents a share, compared with a net profit of $1.1 million.
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The cancellation of a $5 billion outsourcing contract with J.P. Morgan Chase reveals a huge potential exposure for I.B.M.
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In a preliminary report, I.B.M. said its fourth-quarter earnings from continuing operations rose 24 percent from a year ago, beating Wall Street expectations by a wide margin.
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Foreign investment declined in 2003 for the third year in a row, a United Nations report has revealed. Last year, total inward flows of foreign direct investment were worth $560bn (Â£312bn
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Blog: IGE CEO Brock Pierce says the margins for virtual goods are shrinking rapidly, due in large part to Chinese competition.
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Cell-phone unit won't be profitable this year.
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Hitachi, Japan's biggest electronics conglomerate, has not posted a profit in its hard disk drive (HDD) business in any year since buying it from IBM for $2 billion in 2002.
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The company has signalled profits of between Â£285 million and Â£295 million, down on Â£311 million a year ago, following a poor run of sales.
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The company is a second-string wholesaler no more.
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International Business Machines Corp. Tuesday agreed to sell its personal computer business to China&#39;s largest computer manufacturer, backing out of a market the venerable technology