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VMware (VMW) earnings Q2 2020: acquires Carbon Black, Pivotal

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 →

Trump administration propose easing privacy rule for addiction history

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 →

Digital wave, values-based business are driving growth

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 →

There is enough economic data for the Fed to warrant a rate cut

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 →

Art Gallery of Ontario acquires a Caillebotte after long legal struggle

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 →

I’d be a buyer of VMware on weakness

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 →

The utility stock you want to own and hold

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 →

Tim Cook found recipe to positive relationship with Trump

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 →

Investors reportedly clamor to buy into Impossible Foods ahead of IPO

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 →

Gap reports fiscal q2 2019 earnings

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 →

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