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VMware stock soars 25% on reports Broadcom is considering its third software acquisition in four years

VMware stock soars 25% on reports Broadcom is considering its third software acquisition in four years

VMware Inc. shares rallied Monday as Wall Street echoed reports that Broadcom Inc. is looking for a triple in software acquisitions. VMware vmw Shares are up almost 25% to $119.43 on a market cap of $50.29 billion. Late Sunday, multiple news outlets reported that Broadcom AVGO was in talks to acquire enterprise cloud-computing software company …

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Cardinal Health is testing drone delivery to pharmacies

Cardinal Health is testing drone delivery to pharmacies

cardinal health inc plans to test the use of drones to expedite the delivery of pills, inhalers and other items to U.S. pharmacies, a move the healthcare supplies distributor says could also reduce transportation costs for time-sensitive shipments. Subscribe to Newsletter The logistics report Top news and in-depth analysis from the world of logistics, from …

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Warren Buffett's Berkshire Hathaway suffers a $30 billion hit on Apple

Warren Buffett’s Berkshire Hathaway suffers a $30 billion hit on Apple

text size Apple makes up 40% of Berkshire Hathaway’s stock portfolio. Johannes Eisele/AFP via Getty Images Warren Buffett loves Apple , but Berkshire Hathaway’s large stake in the iPhone maker hurts: Apple shares are down about 20% this quarter. Berkshire Hathaway (ticker: BRK.A, BRK.B) owned about 911 million Apple shares as of March 31, and …

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Warren Buffett's Berkshire Hathaway suffers a $30 billion hit on Apple

Warren Buffett’s Berkshire Hathaway suffers a $30 billion hit on Apple

text size Apple makes up 40% of Berkshire Hathaway’s stock portfolio. Johannes Eisele/AFP via Getty Images Warren Buffett loves Apple , but Berkshire Hathaway’s large stake in the iPhone maker hurts: Apple shares are down about 20% this quarter. Berkshire Hathaway (ticker: BRK.A, BRK.B) owned about 911 million Apple shares as of March 31, and …

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KKR invests in customer feedback software provider Alchemer

KKR invests in customer feedback software provider Alchemer

Private equity firm KKR & Co. on Wednesday took a majority stake in Alchemer LLC, a software provider that helps companies collect and analyze customer sentiment data. The terms of the deal were not disclosed. The 16-year-old company, formerly SurveyGizmo, helps companies collect and analyze customer and employee feedback. Among its 13,000 customers is Verizon …

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Apple reverses remote work policy, exec goes to Alphabet

Apple reverses remote work policy, exec goes to Alphabet

photo: Justin Sullivan (Getty Images) Well this is awkward. One of Apple’s most high-profile critics of its return to the office has reportedly landed a new gig on Alphabet’s DeepMind, marking the latest drama over Big Tech’s remote work scuffles. Ironically, this move comes around the same time Apple decided to roll back its recent …

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Happy the Elephant has lawyers fighting to get her out of the zoo

Happy the Elephant has lawyers fighting to get her out of the zoo

Happy the Elephant will soon have her day in New York’s highest court. The 51-year-old Asian elephant won’t be attending – among other obstacles, the 8,500-pound animal lives at the Bronx Zoo – but her lawyers have filed a detention review motion, arguing she is a legal entity. If she had such status, her detention …

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Happy the Elephant has lawyers fighting to get her out of the zoo

Happy the Elephant has lawyers fighting to get her out of the zoo

Happy the Elephant will soon have her day in New York’s highest court. The 51-year-old Asian elephant won’t be attending – among other obstacles, the 8,500-pound animal lives at the Bronx Zoo – but her lawyers have filed a detention review motion, arguing she is a legal entity. If she had such status, her detention …

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Unity Software loses $5 billion in market cap after Apple's changes result in 'self-inflicted wound'

Unity Software loses $5 billion in market cap after Apple’s changes result in ‘self-inflicted wound’

Unity Software Inc. executives thought they found a way to avoid the impact of changes in Apple Inc.’s mobile operating system. Turns out they were wrong and Wall Street punished Unity U, -35.80% Camp for Wednesday. Shares shed more than a third of their value, worth around $5 billion in market cap, and were heading …

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