Oct 8- Activist investor Elliott Management Corp is urging data storage products maker EMC Corp to spin off its VMWare Inc virtualization software unit or pursue other merger opportunities in its first public letter to the company. EMC's structure of combining several businesses obscures enormous value, Elliott Management said in a 13- page letter that it...
NEW YORK, Oct 8- U.S. stocks were set to open little changed on Wednesday, following a selloff that took the S&P 500 to its lowest level in nearly two months, as concerns lingered over how a strong dollar and weak global growth may impact corporate earnings. Weakness in other economies and the expectation that interest rates will begin to rise in the United States as...
NEW YORK, Oct 8- Chimerix Inc shares were briskly traded before the opening bell on Wednesday as an experimental oral antiviral drug improved the survival rate of patients with a certain type of respiratory infection, according to preliminary data. Chimerix stock was up 7.4 percent at $35.70 and volume has ballooned in the last few weeks. Symantec Corp added 3.5...
Symantec is in advanced talks to split its business in two—one that sells security programs and one that does data storage, Bloomberg reported.
Some of the names on the move ahead of the open.
Oct 7- Security software maker Symantec Corp is in advanced talks to split its business into two entities- one that sells security programs and another that does data storage, Bloomberg reported, citing people with knowledge of the matter. "The company does not comment on rumors," Symantec spokeswoman Kristen Batch told Reuters in an email. A breakup may position...
Oct 7- Security software maker Symantec Corp is in advanced talks to split its business into two entities- one that sells security programs and another that does data storage, Bloomberg reported, citing people with knowledge of the matter. Reuters reported in April that Symantec was in the process of hiring banks to help advise on strategy and defend against...
Dan Ives of FBR Capital and the CNBC "Fast Money" traders discuss which companies could be next to split.
Sept 25- Symantec Corp, known for its Norton antivirus software, named Michael Brown as chief executive after he served in the position for more than six months on an interim basis. Bennett became the CEO in July 2012, replacing company veteran Enrique Salem, who was fired after just three years on the job.
Some of Monday's midday movers:
Widespread electronic attacks on U.S. interests have amplified calls to fortify the U.S.'s aging electric grid from terrorism.
With Home Depot, Target and Jennifer Lawrence all victims of hack attacks, Cramer says the need for cyber-security is growing by the minute.
CHICAGO, Sept 8- Home Depot Inc confirmed on Monday its payment security systems have been breached, a data theft analysts warn could rival Target Corp's massive breach last year.
CHICAGO, Sept 3- Customer data could have been stolen from nearly all of Home Depot Inc's stores in the United States, according to new information released on Wednesday by security website KrebsonSecurity. Brian Krebs, who runs the website, had said on Tuesday that the problem could affect all of Home Depot's 2,200 stores in the United States.
It's time for the Lightning Round. Cramer makes the call on viewer favorites.
Not only is this company best-of-breed, its stock could soar some 15 percent or more, says CNBC's Jim Cramer.
Apple products are not banned from Chinese government procurement lists, according to the country's chief procurement center.
LAS VEGAS, Aug 7- Security researchers at Kaspersky Lab said they have uncovered a cyber espionage operation that successfully penetrated two spy agencies and hundreds of government and military targets in Europe and the Middle East since the beginning of this year.
Aug 6- Symantec Corp, best known for its Norton antivirus software, reported better-than-expected quarterly revenue as more customers renewed their subscription and due to higher demand from federal agencies.
Aug 6- Symantec Corp, best known for its Norton antivirus software, said its quarterly profit jumped 50 percent as businesses bought more personal computers and it cut costs. The company's net income rose to $236 million, or 34 cents per share, in the first quarter ended July 4, from $157 million, or 22 cents per share, a year earlier.