IBM plans to invest more spend into cloud, big data and analytics and other technologies in the coming years. The company is spending $4 billion for this initiative in 2015, and is targeting $40 billion in annual revenue from these areas by 2018.
US durable goods orders rose 2.8% in January. It was the first time in 3 months orders increased, signaling growth in manufacturing.
Retailers plan to spend more on improving digital operations, hike employee wages and take other steps to keep strong sales this year.
General Motors will stop manufacturing cars at its Indonesian plant in June. A lack of supplier and dealer networks in the country is one of the reasons cited for GM’s decision to shut down operations.