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Market News and Earnings: Adobe (ADBE), International Business Machines (IBM), Pfizer (PFE), Bank of America (BAC), etc.
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IBM Announces Share Buyback, Ups Dividend; Adobe Freezes Pay; Private Jet Industry Hits the Skids; Big Pharma’s Big Showing; CALPERS Votes to Oust BofA’s Lewis; Chrysler Strikes Debt Deal; S&P Downgrades SunTrust
- International Business Machines Corp.’s (IBM) board on Tuesday said it authorized $3 billion worth of share buybacks and raised its dividend by 10% underscoring the technology company’s relative strength even in a weak economy. IBM said it would begin paying a quarterly dividend of 55 cents…
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