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Samuel J Palmisano

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ENTERTAINMENT
December 8, 2004 | From a Times staff writer
A year after winning construction approval from Congress and President Bush, the Smithsonian Institution said Tuesday it is about to receive the first federal appropriation for the planned National Museum of African American History and Culture. The $3.9-million appropriation for 2005 will be used for engineering studies, planning and staffing, the Smithsonian said. The institution also announced that it has appointed 19 members to the African American museum's council.
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BUSINESS
April 27, 2005 | From Associated Press
IBM Corp. Chief Executive Samuel J. Palmisano told shareholders Tuesday that the company was "taking aggressive action" to remedy problems that led to a first-quarter earnings shortfall. The Armonk, N.Y., technology company had trouble closing deals at the end of the quarter, and "we attribute most of that to our own execution," Palmisano said at the shareholder meeting in North Charleston, S.C.
BUSINESS
January 8, 2004 | From Bloomberg News
Intel Corp., Hewlett-Packard Co. and six other digital technology companies Wednesday urged the Bush administration to reduce taxes and improve schools so the industry can beat low-cost competitors from India and China. In a paper, the chief executives from the eight companies said the way to keep technology jobs in the U.S. was to improve the competitiveness of the U.S. industry, not to prevent companies from going abroad.
BUSINESS
April 3, 2009 | Bloomberg News
IBM Corp. is planning to announce its purchase of Sun Microsystems Inc. on Monday, a person familiar with the matter said Thursday. IBM intends to pay $9 to $10 a share for Sun, said the person, who declined to be named because the talks were still underway. At those prices, it would be the largest acquisition in IBM's history. The purchase would give IBM almost half of global server-computer sales and Sun's software portfolio, including the Solaris operating system.
BUSINESS
January 15, 2008 | From Reuters
IBM reported a better-than-expected 24% rise in preliminary quarterly earnings Monday on strong sales in overseas markets, driving its shares up 5% and spurring a tech rally. The surprise report ahead of IBM Corp.'s scheduled earnings release Thursday eased some concerns about how much the slowing U.S. economy had hurt the world's largest technology services company.
BUSINESS
July 17, 2003 | From Associated Press
IBM Corp.'s second-quarter earnings rose significantly and matched Wall Street's expectations, driven largely by strong growth in the technology services division, the company said Wednesday. The results were sure to be closely scrutinized by investors eager for signs of a broad recovery in the high-tech sector, which saw an upbeat report Tuesday from chip-making giant Intel Corp. From April through June, IBM had net earnings of $1.
BUSINESS
June 4, 2011 | By Tiffany Hsu, Los Angeles Times
Wal-Mart wants to extract more green out of greening. The retail giant's supercenter in Lancaster recently installed fuel cells that provide half of the electricity to the 222,876-square-foot store. It has punched holes in the roof for skylights that provide 70% of the store's lighting needs during the day. To help keep the scorching sun at bay and cool the building naturally, it has painted the roof white. The store has been recognized for being eco-friendly, but Wal-Mart Stores Inc. officials say they're actually happier with how the upgrades have improved the bottom line.
ENTERTAINMENT
December 10, 2004 | Jacqueline Trescott, Washington Post
The Smithsonian Institution has selected a roster of high-profile corporate leaders, including media empress Oprah Winfrey and the chairmen of American Express, Merrill Lynch, IBM and Time Warner, to lead the effort to establish the country's first comprehensive museum on African American life. The Smithsonian Board of Regents this week appointed 19 executives to the founding Council of the National Museum of African American History and Culture, which is scheduled to open in 2013.
BUSINESS
December 9, 2001 | James Flanigan
Old dogs can teach new tricks, apparently. International Business Machines Corp.'s stock has been a leader of the rally in technology stocks recently on Wall Street, rising more than 10% in the last month to a new 52-week high of $121.98 last week. It closed Friday at $120.40.
BUSINESS
November 13, 2003 | David Streitfeld, Times Staff Writer
The economy roared last quarter, and so did Falcon Plastics Inc. A family-owned firm in the eastern South Dakota city of Brookings, Falcon posted record sales in September. Yet there's no impulse to celebrate, no rush to hire. The bad times are still too vivid. "We want to make sure that when we add someone, we won't have to turn around in three months and let them go," Falcon President Jay Bender said.
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