New york: Shares of US tech company IBM fell more than 23% in premarket trading Tuesday after its preliminary second-quarter revenue and earnings came in below market expectations. IBM reported adjusted earnings of $2.93 per share on revenue of $17.2 …
Wolfsburg: Volkswagen CEO Oliver Blume has announced to employees that the German automaker may face the elimination of up to 50,000 more jobs worldwide if it does not succeed in reducing overhead costs, which are significantly higher than those of it…
Seoul: Shares of South Korean chipmaker SK hynix plunged 15.4% in Seoul on Monday, marking their steepest-ever daily decline following the company’s blockbuster Nasdaq debut.
According to Anadolu Agency, the memory-chip producer recorded its largest…