“Over the past several years we have invested aggressively in technology and our people to reposition IBM,” James Kavanaugh, IBM’s new chief financial officer, said in a statement Thursday after the company reported its fourth-quarter earnings.
“This is the single most controversial — and frankly, divisive — issue I’ve seen in my 40 years studying tobacco control policy,” said Kenneth Warner, professor emeritus at University of Michigan’s school of public health.
“Apple is a success that could only have happened in America, and we always felt a very big sense of responsibility to give back to our country and the people who have made our success possible,” Cook said during a ceremony Wednesday celebrating a new warehouse being built in Reno, Nevada.
“The pace of housing starts averaged just 1.2 million for the year, far short of the historical average of 1.5 million starts,” said Nela Richardson, chief economist at the real estate company Redfin. “Given the three-year drought in inventory and surging homebuyer demand, a pace of 2 to 3 million starts would be reasonable and appropriate.”
“Inflation is firming … This means upward pressure on long-term rates, like the 30-year fixed-rate mortgage, is building,” Len Kiefer, Freddie Mac’s deputy chief economist, says in a statement. He cites a Federal Reserve report out Wednesday showing that employers in more industries were under pressure to give workers pay raises.
Goldman lost $5.51 a share, compared with a profit of $2.35 billion, or $5.08 a share, in the same period a year earlier, the bank reported Wednesday. Excluding the one-time charges, the bank earned $5.68 a share, beating analysts’ estimates.
The National Association of Home Builders/Wells Fargo builder sentiment index released Wednesday slipped this month to 72. That’s down two points from December’s reading, which marked the strongest level of optimism in more than 18 years.
“A small car is likely the first new vehicle a young person buys,” she said in an email. “So it is particularly important to make a good impression so that person sticks with a brand and moves up the size and price ladder.”
“Maybe they don’t develop that concept per se, but it makes a statement about where the brand is going,” says Michelle Krebs, an executive analyst with the car buying site Autotrader.com.