Updated Feb. 10, 2014 at 4:19 p.m.

Premium Lock IBM's 'disappointing results' trigger higher interest rates on its debt

Published: 2014-02-10 15:00:00
Updated: 2014-02-10 16:19:07

IBM IBM
Tags: IBM

Debt investors are demanding higher interest rates about two months after money manager Stan Druckenmiller said he's betting against the stock of IBM, the only company in the Dow Jones Industrial Average to deliver a loss to shareholders last year. Big Blue has attempted to support its equity by selling assets, using tax havens and repurchasing shares, which has coincided with an increase in its ratio of debt to cash flow....

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