Sears is again turning to billionaire CEO Edward Lampert for funds, as the struggling retailer shores up its balance sheet ahead of the holiday season and seeks to reassure vendors worried about its health.
IBM missed its third quarter profit estimate and acknowledged it won’t meet a goal of achieving earnings of at least $20 a share next year, a target it stood by for five years, amid slowdowns in its hardware and services businesses.
Walgreen Co. challenged the version of events presented by its former Chief Financial Officer Wade Miquelon in a defamation lawsuit, saying in a court motion that the former executive was responsible for the disappointing financial forecast that preceded his departure.
Enterprise software provider SAP lowered its earnings outlook for this year, despite reporting a 15% rise in third-quarter net profit, boosted by growth in subscriptions for its cloud-based software products.
Fujifilm Holdings Corp. said Monday it is preparing to manufacture up to 300,000 new courses of treatment of its anti-influenza drug for use in people with Ebola virus disease—the latest sign of the drug industry’s scramble to help contain the widening outbreak.