Economy

$113 billion bet on high-grade debt may put investors at particular risk as interest rates rise.

$113 billion bet on high-grade debt may put investors at particular risk as interest rates rise.

Riskiest debtors aren't growing fast enough to pay down borrowings.

Riskiest debtors aren't growing fast enough to pay down borrowings.

As revenues continue to decline, IBM's CEO says the company won't hit its original 2015 EPS target; CFO says they're unlikely to set a replacement goal.

As revenues continue to decline, IBM's CEO says the company won't hit its original 2015 EPS target; CFO says they're unlikely to set a replacement goal.