The global economic slowdown is prompting companies to curtail technology spending and pushing consumers to favor mobile devices like Apple Inc.’s iPhone over personal computers, eroding profitability at Intel Corp. and trimming sales for International Business Machines Corp.
57:27 - Greenlight Capital, the investment firm led by David Einhorn, fell 5.3 percent in its main hedge fund in August as volatility in oil and Chinese stocks rattled markets. Bloomberg's Scarlet Fu reports on "Bloomberg Markets." (Source: Bloomberg)
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