IBM shares plunged over 13% after AI startup Anthropic announced a tool to modernize COBOL, a key IBM programming language.

Feb 23 (Reuters) - Shares of International Business Machines recorded their steepest daily drop in more than 25 years on Monday, after AI startup Anthropic said its Claude Code tool could be used to ...

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Governor Spanberger announced Monday that Avio USA will invest approximately $500 million to establish a new manufacturing facility in Pittsylvania County.

COBOL is a computer language used for business data processing and IBM is a leader in that area.

International Business Machines Corp shares had their worst day in more than 25 years on Monday, after AI startup Anthropic ...

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IBM stock closed 13.15% lower at $223.35 on NYSE wiping out more than $31 billion in market cap after the AI startup Anthropic announced that Claude can streamline COBOL code.