 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
| . |  |
. |
 by Staff Writers New York (AFP) May 5, 2017
IBM shares tumbled Friday after billionaire investor Warren Buffett revealed he has sold about a third of his stake and "revalued" downward the computing giant. In early Wall Street trade, IBM shares were down 2.5 percent at $154.00. Buffett, one of IBM's biggest shareholders, told CNBC he had divested shares in the first and second quarter. "I don't value IBM the same way that I did six years ago when I started buying," he told the financial channel. "I've revalued it somewhat downward." Buffett added that "IBM is a big strong company, but they've got big strong competitors too." Buffett, who heads the Berkshire Hathaway holding company and is among the world's richest individuals, invested some $10.7 billion in IBM in 2011 for a stake of some 5.5 percent. His stake was worth an estimated $13.5 billion at the end of 2016. The move comes with Buffett set to release his closely followed annual shareholder letter, offering important clues for investors who follow his advice.
HSBC pre-tax profit slides but hails 'good result'Hong Kong (AFP) May 4, 2017 HSBC said on Thursday that pre-tax profit fell 19 percent in the first three months of the year but the bank's chief described them as "a good set of results" after a turbulent 2016. The London-based giant has been on a recovery drive over the past two years aiming to slash costs with measures including laying off tens of thousands of staff and slimming down its business. It blamed the d ... read more Related Links Global Trade News
|
|||||||||||||
|
|
| The content herein, unless otherwise known to be public domain, are Copyright 1995-2024 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. All articles labeled "by Staff Writers" include reports supplied to Space Media Network by industry news wires, PR agencies, corporate press officers and the like. Such articles are individually curated and edited by Space Media Network staff on the basis of the report's information value to our industry and professional readership. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. General Data Protection Regulation (GDPR) Statement Our advertisers use various cookies and the like to deliver the best ad banner available at one time. All network advertising suppliers have GDPR policies (Legitimate Interest) that conform with EU regulations for data collection. By using our websites you consent to cookie based advertising. If you do not agree with this then you must stop using the websites from May 25, 2018. Privacy Statement. Additional information can be found here at About Us. |
del.icio.us
Digg
Reddit
Google
