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Software company VMware on Thursday said it’s acquiring Carbon Black at an enterprise value of $2.1 billion and Pivotal at an enterprise value of $2.7 billion. The deals are expected to close by the end of January 2020. Shares of… Continue Reading →
A pharmacist empties a prescription bottle of opioid painkillers that she filled for a patient at the pharmacy inside the facility in Boston. John Tlumacki | Boston Globe | Getty Images The Trump administration unveiled a proposal Thursday afternoon that… Continue Reading →
Modern corporations have shifted focus to partner with companies that are value-focused, Salesforce’s Keith Block said on CNBC Thursday. That’s why Salesforce joined about 200 other businesses to proclaim that pleasing shareholders is no longer their main goal, Block said…. Continue Reading →
CNBC’s Jim Cramer on Thursday insisted that there is enough economic data that warrant the Federal Reserve to “take preemptive action here and cut interest rates.” The comments come a day prior to a speech Fed Chairman Jerome Powell is… Continue Reading →
Workers hanging Caillebotte’s Iris Bleus, Jardin du Petit Gennevilliers (around 1892) at the Art Gallery of Ontario Art Gallery of Ontario/Purchased with the assistance of a Moveable Cultural Property grant accorded by the Department of Canadian Heritage under the terms… Continue Reading →
VMware reported a top-and-bottom line beat in its quarterly report Thursday, but it’s stock tanked as much as 7% in after-market trading. Investors frowned on the cloud software company’s move to acquire both Carbon Black and Pivotal Software at a grand enterprise value of… Continue Reading →
Enphase Energy: You should “sell half of Enphase because it’s up way too much given its solar roots and then [you] can let the rest run.” Fortinet: “I like Fortinet. I think there’s better … I think that Cyberark’s better…. Continue Reading →
Apple CEO Tim Cook has found the “recipe” for a positive relationship with President Donald Trump, management expert Jeffrey Sonnenfeld told CNBC on Thursday. “Trump runs hot and cold on people,” the senior associate dean at the Yale School of… Continue Reading →
In this photo illustration, the new Impossible Whopper sits on a table at a Burger King restaurant on August 8, 2019 in Brooklyn, New York. Drew Angerer | Getty Images Investors are rushing to get a piece of privately held… Continue Reading →
Pedestrians pass in front of Gap Inc. and Old Navy Inc. stores in the Times Square area of New York. Mark Kauzlarich | Bloomberg | Getty Images Gap Inc.’s second-quarter sales fell short of analysts’ expectations in what the apparel… Continue Reading →