Red Hat Inc (RHT.N)
25 Mar 2019
Warren Buffett's Berkshire Hathaway Inc said it has trimmed its stake in iPhone maker Apple Inc, though none of the selling was Buffett's, and added positions in Canada's Suncor Energy Inc and software company Red Hat Inc.
* U.S. stock portfolio shrinks $38 billion amid selloff (Adds details about Apple stake)
IBM Corp beat Wall Street quarterly earnings estimates and also forecast 2019 profit above expectations on Tuesday, in the latest indication that Chief Executive Officer Ginni Rometty's efforts to turn around the technology services company were gaining traction.
Carl Icahn said on Monday VMWare should be worth $300 per share, the activist investor's latest bid to scuttle Dell's plan to go public by buying back shares tied to its interest in the software company.
Nov 12 Carl Icahn said on Monday VMWare should be worth $300 per share, the activist investor's latest bid to scuttle Dell's plan to go public by buying back shares tied to its interest in the software company.
NEW YORK (LPC) - IBM Corp’s $20 billion loan supporting the information technology company’s purchase of US software company Red Hat Inc is one of the largest ever bridge loans for a US investment grade company and banks are keen to lend after several quiet months for big mergers and acquisitions.
* RED HAT - IF DEAL TERMINATED UNDER SOME SPECIFIC CONDITIONS, CO SHALL BE OBLIGATED TO PAY TERMINATION FEE OF $975 MILLION - SEC FILING Source text: https://bit.ly/2SrvVK5 Further company coverage:
NEW YORK Early gains on Wall Street fizzled and sent global stocks lower on Monday after reports that the U.S. is planning an additional $257 billion worth of tariffs on Chinese goods if upcoming talks between Presidents Donald Trump and Xi Jinping fail to end a trade war between two of the world's largest economies. | Video
IBM Corp's $34 billion deal to buy Red Hat Inc drove shares in the small but fast-growing software maker about 50 percent higher on Monday, reflecting the huge premium IBM is paying to ward off any potential challenger bids. | Video
NEW YORK, Oct 29 A recovery in technology stocks following IBM Corp's $34 billion deal to buy Red Hat Inc and Standard & Poor's decision to leave Italy's ratings level unchanged helped global stocks rebound on Monday after choppy sessions last week.