IBM's and Microsoft's latest quarterly results reflect the continuing push toward mobile devices, Aaron Ricadela writes. Going forward, Microsoft says it will focus on cloud efforts and incorporating Windows 8 on smaller PCs and tablets. "There is no doubt that the device market is evolving," Microsoft Chief Financial Officer Peter Klein said. "Consumers and businesses are increasingly shifting their focus to touch and mobility." The company also announced that Klein will depart this year.
A rise in new unemployment claims and a decrease in the Mid-Atlantic region's factory activity could point to a moderation in economic growth, leading some analysts to conclude that the economy lost momentum in March. The Federal Reserve Bank of Philadelphia also said its business-activity index fell, from 2.0 in March to 1.3 in April, meaning that the rate of business expansion in the region slowed.
Finance executives predict their budgets will decline 1.2% this year as companies focus more on margins and eliminate staff, according to a survey by The Hackett Group. Of respondents, 41% think budgets will increase, and 28% expect they will be able to hire. To reach growth goals, finance teams will have to increase productivity by 10%, Hackett concludes.
PayScale has found that compensation is climbing for employees. This trend started in 2011, surged in 2012 and continues to grow this year. In the first quarter, compensation increased 3.5% compared with Q1 of 2012.