Earnings Report

IBM will pay $1.5 billion to Globalfoundries in order to shed its costly chip division.

International Business Machines Corp. (IBM) on Monday reported third-quarter net income of $18 million.

Stocks that moved substantially or traded heavily Wednesday on the New York Stock Exchange and the Nasdaq Stock Market: NYSE AbbVie Inc., up 50 cents to $54.63 The pharmaceutical company is reconsidering its $55 billion buyout of Shire, putting it at risk of paying a $1.6 billion fee.

Stocks that moved substantially or traded heavily Monday on the New York Stock Exchange and the Nasdaq Stock Market: NYSE Athlon Energy Inc., up $11.59 to $58.32 The oil and natural gas company is being bought by Encana for $5.93 billion in an effort to tap into the booming Permian Basin.

Stocks that moved substantially or traded heavily Thursday on the New York Stock Exchange and the Nasdaq Stock Market: NYSE Rite Aid Corp., down $1.23 to $5.41 The retail drugstore chain cut its full-year profit forecast, citing lower reimbursement rates and increased generic drug use.

Hewlett-Packard Co.'s (HPQ) fiscal third-quarter earnings fell 29 percent as the personal computer and printer maker absorbed the costs of employee layoffs and past acquisitions.

Cisco Systems Inc. (CSCO) on Wednesday reported profit that declined by 1 percent in its fiscal fourth quarter, but beat analysts' expectations.

Gap Inc. said Thursday that its sales edged up 3 percent in the second quarter as growth at Old Navy offset lower sales of the company's namesake brand.

Stocks that moved substantially or traded heavily Wednesday on the New York Stock Exchange and the Nasdaq Stock Market: NYSE Walgreen Co., down $9.91 to $59.21 The drugstore operator cut its outlook after announcing it will no longer pursue a reorganization move that would have trimmed taxes.

International Business Machines Corp. (IBM) on Thursday reported profit that climbed by 28 percent in its second quarter, and topped analysts' expectations.

Intel's earnings jumped 40 percent in the latest quarter, beating expectations, as companies picked up the pace of office PC replacement.

Global stocks rebounded Monday from jitters about a struggling Portuguese bank as investors looked ahead to a busy week of data releases in the U.S., China and Europe.

The tech titan reported adjusted fiscal first-quarter profits per share of 67 cents, topping expectations for 59 cents. Revenue came in at $21.7 billion, also beating forecasts for $21.02 billion. 

Chipmaker Advanced Micro Devices Inc's revenue fell for the fifth straight quarter due to continued weak demand from PC makers for its processors.

Intel Corp. said its third-quarter earnings fell 6.3% amid continuing weak demand for personal computers.

Smartphone sales may be slowing for some tech companies, but not for Apple.

Hewlett-Packard Co, the world's No. 2 PC maker, reported a quarterly profit above market estimates, helped by cost cuts, sending its shares up more than 3 percent in after-market trading.

Network equipment maker Cisco Systems' quarterly profit was a cent ahead of market estimates as new switches, routers, wireless gear and servers drove demand.

Nvidia Corp forecast lower-than-expected revenue for the second quarter, weighed down by lower demand for its graphic processor units due to a fall in personal computer sales and a stronger dollar.

Twitter's stock dropped sharply as the company's revenue and outlook fell short of expectations at a time investors are looking for stronger advertising growth to make up for less-than-stellar user numbers.