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 …
Hock Tan, CEO of Broadcom, in 2018. Photo: Reuters Updated May 23, 2022 4:32 PM ET Money appears to have burned a hole in Broadcom‘s AVGO -3.10% Pocket. A lot of money. The hyperacquisitive chip company first targeted the software market in 2018 with its surprise $18.9 billion acquisition of CA Technologies. But its growth …
VMware may test Broadcom’s code for software purchases Read More »
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 …
Cardinal Health is testing drone delivery to pharmacies Read More »
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 …
Warren Buffett’s Berkshire Hathaway suffers a $30 billion hit on Apple Read More »
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 …
Warren Buffett’s Berkshire Hathaway suffers a $30 billion hit on Apple Read More »
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 …
KKR invests in customer feedback software provider Alchemer Read More »
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 …
text size People visit the Apple Store in Grand Central Station in New York. Michael M Santiago/Getty Images Apple and Amazon.com Entering the second week of May, stocks looked set to extend their six-week losing streak, the longest since the pandemic. In the last six weeks, Apple (Ticker: AAPL) and Amazon ( AMZN) are down …
Apple and Amazon have fallen for 6 straight weeks. There could be more pain. Read More »
The French advertising holding Publicis Groupe SA said it has acquired Profitero, an e-commerce software company that provides analytics for brands, as marketer-clients increasingly seek in-store services. Profitero provides digital commerce software and services for brands, including offerings that help customers compare prices to competitors, monitor product availability, and track customer ratings and reviews. The …
Publicis Groupe acquires e-commerce software company Profitero Read More »
text size IBM wants to increase the dividend. Migel Medina/AFP via Getty Images Apple, International business machines and Discover financial services were among the big US companies to announce dividend increases this week. It’s been a busy period for these announcements as the first quarter earnings season continues. Tech giant Apple (Ticker: AAPL) announced a …
Apple, IBM and 14 other companies that increased their stock dividends Read More »
