IBM to acquire software company Red Hat for $34 billion
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 nears deal to acquire cyber security company Red Hat: sources
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.
Ryanair shareholder calls for chairman’s ouster
Britain’s Local Authority Pension Fund Forum (LAPFF), which represents funds that own a combined 1 percent of Ryanair, on Sunday said it planned to file resolutions at the company’s next annual general meeting to replace Chairman David Bonderman.
France will ask auto makers to fund new car trade-in payments
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.
UBS may seek clearance to sell more products to U.S. ex-pats in Switzerland
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…
Tesla’s Elon Musk says tweet that led to $20 million fine ‘Worth It’
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 says Apple $7 billion behind in royalty payments
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 happy with pilot contract rules for regional flights: CEO
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.
S&P 500 ends at lowest since May as tech, internet stocks tumble
The S&P 500 ended at its lowest level since early May on Friday and flirted with correction territory after technology and internet shares sold off further, capping another volatile week for U.S. stocks.
Equities’ slide sends bonds higher, dents greenback
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.
