IBM Boosts Annual Forecast, Earnings Beat Estimate

July 18 (Bloomberg) -- IBM raised its annual forecast after second-quarter earnings topped analysts’ estimates, lifted by cost cuts and share buybacks. Adam Johnson reports on Bloomberg Television's "Lunch Money." (Source: Bloomberg)

Fed Approves Emergency Lending Limits for Financial Firms
15:39 - Federal Reserve Chair Janet Yellen presides over a meeting of the Fed Board of Governors in Washington to discuss and vote on rules governing the central bank's ability to help failing financial firms. Under the Fed’s revised authority approved in the vote Monday, the central bank would only be able to save firms in a broad-based scenario, meaning it must help at least five entities at the same time. (Source: Bloomberg)
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