Business Today: IBM revenue falls short of expectations, shares fall

	Click to View in Browser 01/21/2014 IBM revenue falls short of expectations, shares fall (Reuters) - International Business Machines Corp, the world's largest technology services company, reported its seventh straight quarterly decline in revenue that also fell short of estimates, hurt by lower demand for its services and hardware. S&P 500 ends with slight gains; Dow down on earnings NEW YORK (Reuters) - U.S. stocks mostly rose on Tuesday, with the S&P 500 snapping a two-session decline as the materials sector rallied, though the Dow fell on disappointing earnings by three of its components. Advanced Micro reports quarterly profit (Reuters) - Chipmaker Advanced Micro Devices Inc posted a fourth-quarter profit compared with a year-ago loss, as sales of new gaming consoles offset falling demand for personal computers. Peltz to join Mondelez board, ends push for PepsiCo deal (Reuters) - Mondelez International Inc , maker of Cadbury chocolate and Oreo cookies, on Tuesday added activist investor Nelson Peltz to its board in a compromise agreement that ends his campaign to have PepsiCo Inc take over the company. Rising CEO confidence in economy, but plenty of worries in Davos DAVOS, Switzerland (Reuters) - Business leaders gathering for their annual high-profile networking forum in Davos are feeling a bit better about their companies' prospects and a lot more so about the broader economic outlook. Secret Service probes link between border arrests, Target data breach WASHINGTON (Reuters) - The U.S. Secret Service said on Tuesday it was checking for links between the recent hacking of consumer data from Target Corp and the weekend arrest of two Mexicans who tried to enter the United States at a Texas border crossing with a cache of fraudulent credit cards. Verizon revenue climbs on sturdy mobile growth NEW YORK (Reuters) - Verizon Communications Inc reported faster subscriber growth and stronger profits than expected at its Verizon Wireless venture with Vodafone Group Plc, easing some concerns about intensifying competition if only temporarily. Mohamed El-Erian resigns from Pimco, to stay on at Allianz FRANKFURT (Reuters) - Allianz late on Tuesday said Mohamed El-Erian, chief executive officer and co-chief investment officer at its asset management unit Pacific Investment Management Company (PIMCO), has resigned, but would stay on the Allianz International Executive Committee. Exclusive: North Dakota governor: railcar safety standards for crude needed now NEW YORK (Reuters) - Provisional safety standards for railcars carrying crude oil are needed as soon as possible, not next year as the U.S. Department of Transportation expects, North Dakota Governor Jack Dalrymple said in an interview on Tuesday. Carl Icahn, banks prevail in lawsuits by Herbalife short-seller NEW YORK (Reuters) - A U.S. court has dismissed a short-seller's lawsuits accusing activist investor Carl Icahn and three large banks of perpetuating a pyramid scheme at nutritional products company Herbalife Ltd . Related Video Breakingviews: Ex-Tyco CEO's lessons Davos dilemma: help not harm recovery Economic News EBRD cuts Turkey outlook, but sees improving euro zone steadying region Angry Geithner once warned S&P about U.S. downgrade: filing A daily digest of breaking business news, coverage of the US economy, major corporate news and the financial markets. Register Today   The latest Reuters articles on M&A, IPOs, private equity, hedge funds and regulatory updates delivered to your inbox each day. Register Today   » MORE NEWSLETTERS - 3 Times Square New York, NY 10036 USA © Copyright 2010 Thomson Reuters Ensure delivery of Reuters Newsmails, add mail@nl.reuters.com to your address book. Details Subscribe to other Reuters newsletters. Unsubscribe from this newsletter. Follow us on Twitter Friend us on Facebook Forward to a friend