IBM Miss Weighs on Monday's Markets, Apple Pay Service Starts

Markets kicked-off the week on Monday in the red. IBM sent jitters through the market after reporting a profit miss in the third quarter. Big blue posted a profit of $3.68 a share, versus the $4.31 a share that had been expected. The Dow component also said it no longer expects to make its operating earnings target for 2015. Apple (AAPL) is rolling out its Apple Pay service. The payment service allows iPhone users to make purchases using its fingerprint ID technology. But many retailers including Walmart (WMT) are not participating in Apple's network. Sprint (S) is cutting 452 jobs from its Kansas Headquarters. This is part of a previously announced cost-cutting effort. This brings the total number of job cuts for the cellphone carrier to 929 this year. Whole Foods (WFM) launching its first-ever national commercial campaign. The country's largest natural and organic chain is facing slowing growth and increasing competition. The slogan for the advertising is 'Values Matter.' TheStreet's Susannah Lee reports from Wall Street.