Zementis, Inc. and IBM Corporation (NYSE: IBM) today announced a joint strategic initiative and corresponding technology solution, “Zementis for IBM z Systems”, designed for companies seeking to optimize business decisions and formulate those decisions faster. … [Read more...]

Amazon.com Inc. shares are on fire this morning, up more than 20% to $580.57 in the first minutes of trading after the company posted a surprising second-quarter profit of $92 million. Wall Street seems excited not only about that profit, but about the promising results at Amazon Web Services and the prospects for its Prime service to boost sales. … [Read more...]

Cisco's incoming CEO Chuck Robbins may be unrolling more acquisitions than just the TV set-top business, bought for $6.9 billion in 2005 and sold for $600 million on Thursday. … [Read more...]

Steve Huffman, Reddit's returning CEO, has said the site was never intended to be a "bastion of free speech." Reddit may be best known for its Ask Me Anything forums, where celebrities allow themselves to be grilled by users on just about any topic. … [Read more...]

Intel Corp. is scheduled to announce its second-quarter earnings after the market closes on Wednesday. Here’s what you need to know ahead of the chip maker’s results: … [Read more...]

DALLAS (AP) — Delta Air Lines' second-quarter profit nearly doubled, to $1.5 billion, as huge savings on fuel offset weak growth in revenue. The company predicted a record quarter when it next reports financial results, in October. … [Read more...]

The Dow Jones Industrial Average took a triple digit hit today after trading on the New York Stock Exchange (NYSE) was halted for three and a half hours. … [Read more...]

Barclays, the British bank, said on Wednesday that its chief executive, Antony Jenkins, was stepping down in a shake-up of its top leadership. Barclays is the latest European lender to replace its top executive this year, as banks look to adjust to a new environment of tighter regulatory scrutiny and to move beyond a series of legacy issues and investigations that have plagued … [Read more...]

In a key scene in the movie “Wall Street,” when Charlie Sheen’s character is about to be arrested for securities fraud, the seasoned investment pro played by Hal Holbrook likens Sheen’s impending doom to a man “looking into the abyss.” Many bond investors may be looking into their own kind of abyss in the coming months and years, as current low yields rise. … [Read more...]

This is a tale of two types of individual retirement accounts: Traditional IRAs and Roth IRAs. Regarding taxes, the two are direct opposites -- a critical difference that calls for fundamentally different strategies to use either to your best advantage. … [Read more...]