In deep-red Oklahoma, GOP fights to regain lost seat
FILE - In this Tuesday, Aug. 18, 2020, file photo, U.S. Rep. Kendra Horn, D-Okla., speaks during a news conference in front of a post office in Oklahoma City. But Horn won't have the element of surprise in this year's contest against Republican state Sen. Stephanie Bice. “This is not some right-wing paradise in Oklahoma City," said Mayor David Holt, who has avoided endorsing either candidate. “Oklahoma City does not have the same profile as the state of Oklahoma, and Congresswoman Horn's election was probably the strongest statement yet that the city was changing and behaving, really, more like a big city." Holt, who was a Republican state senator before being elected Oklahoma City's mayor in 2018, said either the Democratic or Republican candidate would fit the city well.
IBM revenue drops 3% from a year ago in last quarter under Rometty
Net income for the quarter totaled $1.18 billion in the quarter, down 26% year over year. One quarter ago the company ended a streak of five consecutive quarters of falling revenue. Analysts surveyed by Refinitiv had expected $1.80 in earnings per share, adjusted, on $17.62 billion in revenue for the first quarter. In the second quarter IBM could take additional structural actions that could lead to cost savings, Kavanaugh said. In the quarter IBM announced a 10-year services deal with Banco Sabadell of Spain that includes a hybrid-cloud component.cnbc.com