Business & Finance News
Asian shares look set for a modest bounce on Monday, though sentiment remains fragile as bears are on the ascendancy after steep declines across world financial markets last week on heightened worries over corporate earnings and global growth.
U.S. equity index futures were little changed at the start of weekly trading on Sunday, leaving it unclear whether Wall Street would rebound from last week’s steep sell-off or extend the slide.
IBM Corp said on Sunday it had agreed to acquire U.S. software company Red Hat Inc for $34 billion, including debt, as it seeks to diversify its technology hardware and consulting business into higher-margin products and services.
IBM Corp is nearing an agreement to acquire software company Red Hat Inc in a deal that could exceed $30 billion and help diversify its business away from technology hardware and consulting, people familiar with the matter said on Sunday.
IBM Corp is nearing deal to acquire software company Red Hat Inc in a deal that could exceed $30 billion and allow it to expand its cyber security offerings, people familiar with the matter said on Sunday.
Britain’s Local Authority Pension Fund Forum, which represents funds that owned a combined 1 percent of Ryanair, on Sunday announced it planned to file resolutions at the company’s next annual general meeting to replace Chairman David Bonderman.
France will ask carmakers on Monday to help fund an expanded trade-in program to get older, polluting cars off the road with incentives for new ones, the French finance minister told daily Le Parisien on Sunday.
Swiss bank UBS may ask U.S. regulators to expand its license to sell more complex products and sophisticated investment advice to wealthy Americans living in Switzerland as it seeks to woo U.S. taxpayers abroad for growth. In an interview published on Sunday, Chief Executive Sergio Ermotti told Swiss newspaper SonntagsZeitung that UBS currently cannot sell some products and investments to U.S. taxpayers in Switzerland.
Tesla Inc Chief Executive Elon Musk said the tweet that cost him and the company $20 million in fines each by the U.S. Securities and Exchange Commision was “Worth It”.
Qualcomm Inc said in a court hearing on Friday that Apple Inc is $7 billion behind in patent royalty payments to the mobile chip firm, which for years supplied parts for the iPhone.
Delta Air Lines Chief Executive Ed Bastian said on Friday he was satisfied with pilot contract language governing the outsourcing of regional flights and does not see it becoming an issue during upcoming negotiations.
The S&P 500 ended at its lowest level since early May after technology and internet shares sold off further on Friday, capping a volatile week that confirmed a correction for the Nasdaq.
Stock markets around the world tumbled on Friday while U.S. Treasury prices rose along with demand for safer bets as better-than-expected U.S. economic data did little to ease anxiety over disappointing corporate profits and trade wars.
Epic Games, the creator of video game sensation “Fortnite”, said on Friday it received $1.25 billion in funding from investors, including KKR & Co Inc , Iconiq Capital and Smash Ventures.
U.S. stocks sold off further on Friday and the S&P 500 flirted with correction territory as disappointing results punished technology and internet shares.
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