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Pitney Bowes appoints former IBM exec as president and CEO

Former Big Blue executive Marc B. Lautenbach has been appointed president and CEO of Pitney Bowes Inc., replacing Murray D. Martin, the Stamford company announced Dec. 3.

IBM data point to surge in online, mobile shopping

Online retail sales increased 17.4 percent on Thanksgiving and 20.7 percent on Black Friday compared with last year's Thanksgiving weekend sales.

IBM 3Q net earnings dip

IBM Corp., based in Armonk, reported a third quarter profit of $3.82 billion, down 0.4 percent from a third quarter 2011 profit of $3.84 billion.