
(Bloomberg) -- International Business Machines Corp. President Jim Whitehurst is stepping down after three years at the century-old technology company. The shares fell the most in five months.The departure marks one of the first major corporate reshuffles under Chief Executive Officer Arvind Krishna, who took the helm last year and has moved quickly to reshape IBM and return it to growth. Whitehurst, 53, is the former CEO of Red Hat Inc., which IBM announced it was acquiring in 2018 in a $33 bil

To be sure, window dressing is a powerful force on several occasions throughout the calendar, not just at this time of year. Fund managers therefore go out of their way to sell their losers prior to Dec. 31 in order to avoid the embarrassment of having to report that they had ever owned them. Just the opposite is the case for stocks that managers buy for window dressing.

President Biden proposes eliminating a loophole that allows wealthy people to pass assets tax free to their children but Republican lawmakers say it will hit middle class Americans.

‘He says he doesn’t want to pay rent, as he is not getting anything in return and the money is wasted. He thinks I am making money from him.’
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