Bloomberg International Business Machines Corp (IBM) gave a positive forecast for 2019 and beat analysts’ estimates for quarterly sales and earnings, led by its business that helps companies and governments manage their technology. Revenue was $21.8 billion in the fourth quarter, topping the average analyst forecast of $21.7 billion. Earnings were $4.87 a share, also beating analysts’ forecasts. IBM said ...

Bloomberg Google and Facebook Inc set company records for annual lobbying spending in 2018 as Washington’s scrutiny of Big Tech intensified. Alphabet Inc’s Google unit spent more than $21 million to influence Washington, according to federal disclosures, in a year when its chief executive officer, Sundar Pichai, made his first appearance before Congress. The search giant, which spent $4.9 million ...

Bloomberg ASML Holding NV, Europe’s largest semiconductor equipment maker, forecast first-quarter sales well below analyst expectations, mainly due to a fire at a strategic supplier. Shares fell as much as 4.9 percent to 134.50 euros at the market open. ASML Chief Executive Officer Peter Wennink said in Bloomberg TV interview that the mobile phone market “is not where I believe ...