industrial news

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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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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Apple and Amazon have fallen for 6 straight weeks.  There could be more pain.

Apple and Amazon have fallen for 6 straight weeks. There could be more pain.

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 …

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Publicis Groupe acquires e-commerce software company Profitero

Publicis Groupe acquires e-commerce software company Profitero

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 …

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Apple, IBM and 14 other companies that increased their stock dividends

Apple, IBM and 14 other companies that increased their stock dividends

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 …

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