VMware is struggling to deal with the transition to the cloud, but the company's NSX networking unit is showing impressive growth.» Read More
Dropbox is having difficulty justifying its $10B valuation, largely because many businesses don't trust the file-sharing app.
NEW YORK, Nov 2- Dell Inc is preparing to sell around $10 billion in non-core assets, including software and services, to reduce the heavy debt load it will be taking on to buy EMC Corp, according to people familiar with the matter. Dell, which will assume $49.5 billion of debt once the merger with EMC is completed, has communicated the plan to credit rating agencies in...
Some of the names on the move ahead of the open.
*Valeant sinks after Citron report, drags Allergan, Endo. Oct 21- Wall Street was little changed in early afternoon trading on Wednesday as gains by General Motors and technology stocks were limited by a slide in healthcare stocks. Allergan fell 4.6 percent to $251.37 and Endo International slumped nearly 13 percent to $54.98, weighing the most on the S&P 500 and...
*VMware, Yahoo down on poor results. Oct 21- U.S. stocks were little changed on Wednesday as healthcare stocks resumed their slide for a second day, offsetting gains by General Motors and technology stocks. Health insurers Aetna, Humana, Anthem and Cigna all fell about 4 percent after Democratic presidential candidate Hillary Clinton said she had "serious...
*VMware, Yahoo down on poor results. Oct 21- U.S. stocks were set to open higher on Wednesday as investors cheered strong third-quarter results by industry heavyweights General Motors and Boeing. Shares of General Motors rose 4.5 percent to $35.00 premarket, while Boeing rose 4.2 percent to $142.15.
Oct 21- U.S. stock index futures were slightly higher on Wednesday, set to reverse the small losses on Tuesday, ahead of earnings reports from heavyweights including General Motors, Boeing and Coca-Cola. *U.S. stocks closed slightly lower on Tuesday as losses in healthcare and biotech stocks offset gains in Verizon and United Technologies.
Oct 20- Virtualization software maker VMware Inc forecast current-quarter revenue largely below Wall Street's estimates, sending its shares down 5 percent in extended trading. VMware, whose parent EMC Corp is being acquired by Dell Inc in a $67 billion deal, said EMC and Dell have committed to support the company's independent partnering strategy.
Jayson Nolan, IT hardware senior analyst at Robert W Baird and Company, discusses the post- Dell and EMC merger impact on VMware's float operating independence.
Check out the companies making headlines after the bell Tuesday: Chipotle, Yahoo, iRobot & more.
VMware parent EMC Corp is being bought by Dell Inc in a $67 billion deal. EMC shareholders will also get a special stock that tracks VMware's shares. EMC owns about 80 percent of VMware.
Oct 20- VMware Inc reported quarterly revenue that beat analysts' estimates as demand rose for its virtualization software that helps cut the cost of moving data to the cloud. Revenue rose to $1.67 billion in the third quarter ended Sept. 30, from $1.52 billion a year earlier. VMware's numbers on Tuesday were in line with the preliminary estimates made public on...
U.S. stocks closed lower Tuesday, with the Dow Jones industrial average snapping a three-day winning streak.
*Verizon, Travelers, United Tech up after results. *Yum Brands jumps on plans to spin off China business. Oct 20- Wall Street was slightly lower on Tuesday as healthcare and biotech stocks fell, offsetting gains by Verizon and United Technologies.
*IBM slumps after results, biggest drag on Dow, S&P 500. *Verizon, Travelers, United Tech up after results. Oct 20- U.S. stocks were little changed on Tuesday as Verizon and United Technologies rose after strong quarterly results, limiting the losses caused by IBM's disappointing results and lowered forecast.
*IBM slumps after results, drags down Dow, S&P 500. *Verizon, Travelers, United Tech up after results. *Yum Brands jumps on plans to spin off China business.
*Verizon, Travelers, United Tech up after results. *Yum Brands jumps on plans to spin off China business. Oct 20- Wall Street was set to open little changed on Tuesday as investors digested a barrage of quarterly earnings reports including Dow components Travelers, Verizon and IBM.
Oct 20- U.S. stock index futures were lower on Tuesday as prices of commodities fell on rekindled worries about demand from China. *Third-quarter company earnings are in full focus this week with Verizon, Yahoo and VMware reporting results on Tuesday. *Brent crude fell on Tuesday but steadied around $48 a barrel and London copper prices slipped to two-week lows...
"We're getting deeper into earnings season and not watching any one company, but the cumulative effect," said Mark Luschini at Janney Montgomery.
So far the earnings season has been lackluster, and some high-profile warnings have already given investors pause.