Edition:
United States

Vibhuti Sharma

UPDATE 2-Oracle sees strong third quarter on cloud strength, share rise

Dec 17 2018

Dec 17 Oracle Corp on Monday forecast current-quarter profit above estimates after growth in its cloud services and license support unit helped the business software maker surpass Wall Street expectations for the second quarter.

Amazon, Blackstone among bidders for 22 Disney sports networks: CNBC

Nov 20 2018

Amazon.com Inc and private equity firm Blackstone Group are bidding for Walt Disney Co's 22 regional sports networks, including New York-focused Yes Network, CNBC reported on Tuesday, citing sources familiar with the matter.

Colfax churns its business with $3.15 billion purchase of medical device maker

Nov 19 2018

Colfax Corp made a big bet on the medical device industry with its $3.15 billion purchase of DJO Global Inc, but its shares fell 15.2 percent as investors worried about its shift away from its industrial roots to a completely new sector.

Viacom sets Netflix deal that augurs future strategy

Nov 16 2018

Viacom Inc on Friday announced a multi-picture deal with Netflix , and promised to make more films and TV shows for other companies, further signaling that it will not directly take on big tech rivals that stream to consumers and will instead supply them with content.

Dell sweetens tracking stock offer, Icahn drops opposition

Nov 15 2018

Dell Technologies on Thursday raised its offer to buy back shares tied to its interest in software maker VMware to $23.9 billion from $21.7 billion, prompting billionaire investor Carl Icahn to abandon his campaign to scupper the deal.

CORRECTED-UPDATE 3-Dell sweetens VMware tracking stock offer with higher price, board seat

Nov 15 2018

Nov 15 Dell Technologies on Thursday raised its offer to buy back shares tied to its interest in software maker VMware to $120 per share, sweetening the deal for shareholders with an additional $5 billion in cash.

Apple shares drop on iPhone suppliers' warnings

Nov 12 2018

Apple Inc shares fell to their lowest in more than three months on Monday as three suppliers issued warnings on results that pointed to weakness in iPhone sales.

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