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NEW YORK (AP) — IBM's first-quarter earnings fell and revenue came in below Wall Street's expectations amid an ongoing decline in its hardware business, one that was exasperated by weaker demand in China and emerging markets.
The United States warned Wednesday it was "actively preparing" new sanctions to hit Russia if critical Ukraine talks do not produce concessions from Moscow. US officials privately signaled they had little hope the Geneva talks between Washington, Russia, Ukraine and the European Union would make significant progress. They also revealed that the toughest available sanctions -- those targeting key sectors of the Russian economy -- would only come into force in the event of a full-scale Russian invasion of Ukraine. As Secretary of State John Kerry flew to Geneva, the White House said it needed concrete signs that Russia would de-escalate the situation in eastern Ukraine where pro-Moscow separatists have clashed with Kiev's forces.