IBM will pay $190 per share for the software company, which it described as the world's leading provider of open source cloud software, a more than 60% premium to Red Hat's closing stock price of $116.68 on Friday. Shares traded upwards of $175 in June, but disappointing earnings combined with a volatile market had seen…
IBM agreed to acquire software maker Red Hat Inc. for $33.4 billion in the biggest-ever acquisition for the computer-services giant. International Business Machines Corp. will pay $190 per share in cash for Raleigh, North Carolina-based Red Hat, according to a statement from the companies Sunday, confirming an earlier Bloomberg News report. That’s a 63 percent…
THE LOS ANGELES regional food bank distributes 300,000 meals a month, but that, says its director, Michael Flood, is only a fraction of what the hungry 1.4m people in the county need. The bank resembles the vast warehouse operation of a supermarket chain, with apartment-sized refrigerators and fork-lift trucks processing millions of pounds of groceries.…
LONDON — Stocks are sinking, again, after disappointing earnings reports from US tech giants Amazon, Google and Snap weighed on an already gloomy global sentiment in markets this week. US stocks have been having a rocky "red October," with catalysts ranging from fears about a China trade war, the Fed raising interest rates, and a…
“NATION LONGS for one more day with dying manufacturing sector.” This headline, published in 2014 by the satirical website the Onion, anticipated both President Donald Trump’s fears and the retorts he gets from his critics. Mr Trump campaigned on a promise to bring back jobs in manufacturing after decades of decline. To those who see…
Costco is known for selling a wide, weird variety of products and foods, including produce like avocados with an extra long shelf life and items such as acai bowels on its recently revamped food court menu. Among the Cotsco deals shoppers most love to take home are $5 rotisserie chickens. The warehouse retailer sells 60…
RIYADH (Reuters) - Saudi Arabia brushed off an outcry over the killing of journalist Jamal Khashoggi and went ahead on Tuesday with an investment conference boycotted by Western political figures, leading international bankers and company executives. FILE PHOTO: A view shows the Ritz-Carlton hotel in the diplomatic quarter of Riyadh, Saudi Arabia, January 30, 2018.…
AT ELSA RíOS GONZÁLEZ’S hair salon in Atenco, east of Mexico City, the chatter turns to the most controversial issue in town, the construction of an international airport. Mexico’s biggest infrastructure project, known as NAICM, is being built just a few kilometres away. Opinion in Atenco is divided. Some of Ms Ríos’s clients fret about the…
LONDON (Reuters) - Prime Minister Theresa May will on Monday say that 95 percent of Britain’s Brexit deal has been agreed but repeat her opposition to a European Union proposal for the Irish border, a major stumbling block, as criticism within her party grows. FILE PHOTO: Britain's Prime Minister Theresa May leaves a news conference…
WANG JIANQIN, in a thick red jerkin worn over her working clothes, does not look like an agent of superpower reprisal. The 60-year-old farmer rears 4,000 pigs in a brick-walled compound in Shunyi district, some 45km from Beijing. About a fifth of the food that she uses to fatten them up is soyabean meal, something…
