Google might be helping people with their quick search online but now it is searching for the next big thing for itself. Google's parent company Mountain View, California based Alphabet, is working hard with several projects starting from thermostats connected to Wi-Fi and nanoparticles for detecting cancer but could not generate the expected amount of profit in the first quarter.
IBM has suffered from drop in revenue for several quarters and the company's second-quarter profit forecast was not in line with the analysts' projections.
The Armonk, New York based company has made an effort for years to boost its sales figure as vendor of cloud products and technology using artificial intelligence but that does not seem to be nearing anytime soon.
Lockheed Martin Corp. the Bethesda based American global aerospace, defense, security and advanced technologies company said it will be cutting about one thousand jobs in the aeronautics division. The move comes as the company makes an effort to stay competitive and keep its staff aligned with the orders.