Dell Nears Deal to Sell RSA Security Business to Private-Equity Firm STG
Dell Technologies is nearing a deal to sell its RSA cybersecurity business to a private-equity firm for more than $2 billion, according to people familiar with the matter.
Apple to Fall Short of Projected Revenue Due to Coronavirus
Apple became the first major U.S. company to say it won't meet its revenue projections for the current quarter due to the coronavirus outbreak, which it said had limited iPhone production for world-wide sales and curtailed demand for its products in China
BHP First-Half Profit Rises 29%
BHP Group reported a 29% rise in half-year net profit and lifted its dividend, after strong prices of iron ore more than offset weakness among almost all other commodities that it produces.
Intesa Sanpaolo Makes EUR4.86 Billion Offer to Buy UBI Banca
Intesa Sanpaolo SpA has made a voluntary offer to acquire Unione di Banche Italiane SpA, or UBI Banca, in a deal valued at 4.86 billion euros ($5.27 billion).
Jeff Bezos Pledges $10 Billion to Tackle Climate Change
Amazon.com Chief Executive Jeff Bezos says he is committing $10 billion to start a new fund to fight climate change, the biggest philanthropic move to date for the world's richest man.
Alstom to Buy Bombardier Train Unit
France's Alstom agreed to buy Bombardier's train unit in a deal valued at $8.2 billion, including debt, infusing the Canadian industrial giant with much-needed cash and creating what would be a new, European-focused train giant big enough to take on China.
India's Reliance to Merge Media, Distribution Businesses
Reliance Industries Ltd. is planning to merge its media and distribution businesses to create a single entity with combined annual revenue of $1.1 billion.
Pier 1 Imports Files for Chapter 11 Bankruptcy
The home-furnishings chain has filed for bankruptcy with plans to sell the company, less than two months after it said it planned to close up to 450 stores and cut costs to slow down its cash burn.
'Sonic the Hedgehog' Lifts Paramount With Record-Setting Opening
Through Sunday the family-friendly "Sonic" had already sped into the record books by posting the highest-grossing opening weekend ever for a videogame adaptation.
Dairy Farmers Strike $425 Million Deal for Dean Foods Assets
Dairy Farmers of America, the large U.S. co-operative, agreed to buy dozens of milk-processing facilities and other assets of Dean Foods for $425 million, pending Justice Department and bankruptcy court approval.