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IBM's revenue beats estimates on cloud, security services

International Business Machines Corp handily beat analysts' quarterly revenue estimates on Tuesday as the technology company's shift to cloud and security services gains traction.

Recent Business News

Powell likely next Fed chief, though Yellen best suited: economists

LONDON Jerome Powell likely will be the next Federal Reserve chairman, according to a slim majority of economists in a Reuters poll - but most of them said current Fed Chair Janet Yellen would be the best option.

2:45pm EDT

Wall Street banks look beyond trading to drive profits

NEW YORK Wall Street rivals Goldman Sachs Group Inc and Morgan Stanley topped analyst expectations on Tuesday, reporting third-quarter earnings gains from a range of products and services despite an industry-wide decline in bond trading. | Video

12:51pm EDT

New cancer drugs help Johnson & Johnson top profit estimates

Johnson & Johnson posted better-than-expected third-quarter earnings, raising its full-year forecast due to growth from new cancer drugs and high-margin treatments picked up in its $30 billion acquisition of Actelion earlier this year.

3:00pm EDT

Airbus takes control of Bombardier CSeries in rebuff to U.S. threat

MONTREAL/TOULOUSE, France Airbus has agreed to take a majority stake in Bombardier's troubled CSeries jetliner program, securing the plane's future and giving the Canadian firm a possible way out of a damaging trade dispute with Boeing. | Video

JPMorgan to buy online payment provider WePay

JPMorgan Chase & Co said on Tuesday it would acquire online payment provider WePay as the bank looks to integrate payments into software used by small businesses.

Tech, Deals 5:21pm EDT

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