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Software Software

  • *New company to be valued at $2.4 bln. Chicago- based Cision, which owns press release distributor PR Newswire, marketing software firm Gorkana and media service Help a Reporter Out, expects to have an enterprise value of $2.4 billion. Cision, which is controlled by U.S. private equity firm GTCR LLC, will become a unit of blank-check firm Capitol Acquisition Corp III,...

  • San Francisco- based MuleSoft on Friday closed out its first day on Wall Street with shares trading at $23.80, a 40 percent pop that valued the company at nearly $3 billion, about double the valuation it commanded at its last private financing event in 2015.. The offering of 13 million shares was priced at $17 each on Thursday, above the expected range of $14 to $16.

  • NEW YORK, March 17- U.S. stocks dipped on Friday as bank shares fell alongside Treasury yields while Adobe helped buoy the S&P tech sector and the Nasdaq Composite. Analysts say investors are expecting a catalyst to thrust stocks higher after bets on President Trump's promises of tax cuts and a fiscal stimulus drove Wall Street to all-time highs on a weeks-long...

  • Social media guru Gary Vaynerchuk speaks at the 2017 SXSW Conference and Festivals.

    Gary Vaynerchuk identifies the platform where you can get attention without overpaying.

  • Shares of San Francisco- based MuleSoft opened up 43 percent in its Wall Street debut on Friday, valuing the enterprise software company at more than $3 billion, about double the valuation the company commanded at its last private financing event in 2015.. The offering of 13 million shares was priced at $17 each on Thursday, above the expected range of $14 to $16.

  • *Banks among top drags on S&P. March 17- U.S. stocks were little changed on Friday as bank shares fell on lingering effects of the Federal Reserve's less aggressive stance on future rate hikes, while a jump in Adobe lifted the technology sector. "We got the rate increase that the market was looking for, albeit some of the future expectations were a little bit more muted...

  • Tumblr CEO David Karp and President of Planned Parenthood Cecile Richards at SXSW.

    The CEOs of Tumblr, Slack, Squarespace, Foursquare and Reddit all signed.

  • March 17- MuleSoft Inc's shares jumped as much as 52.5 percent in their debut on Friday, giving the enterprise software company a market capitalization of about $3.27 billion. MuleSoft's debut is widely considered to be a better barometer of how so-called unicorn technology companies firms worth $1 billion or more fare in the public market, than the Snap Inc...

  • *Tiffany rises on 4th- qtr profit beat. March 17- U.S. stocks were modestly lower on Friday as the lingering effects of the Federal Reserve's less aggressive stance on the rates outlook hurt the financial sector. "We got the rate increase that the market was looking for, albeit some of the future expectations were a little bit more muted then investors had been...

  • March 17- MuleSoft Inc's shares jumped as much as 49.7 percent in their debut, giving the enterprise software company a market capitalization of $3.21 billion. The offering of 13 million shares was priced at $17 each on Thursday- above the expected range of $14- $16- and raised about $221 million. MuleSoft's shares opened at $24.25 and hit a high of $25.45 on the New...

  • NEW YORK, March 17- Only two years ago, an outage similar to the one that struck Amazon's cloud services last month would have reinforced U.S. financial firms' view that shifting data and systems onto the public cloud was just too risky. That change of heart came after providers Amazon Inc, Microsoft Corp and Alphabet Inc's Google took steps to assure financial...

  • NEW YORK, March 17- Only two years ago, an outage similar to the one that struck Amazon's cloud services last month would have reinforced U.S. financial firms' view that shifting data and systems onto the public cloud was just too risky. That change of heart came after providers Amazon Inc, Microsoft Corp and Alphabet Inc's Google took steps to assure financial...

  • March 16- U.S. stocks slipped on Thursday as healthcare and utilities stocks fell while financials rose with bond yields as traders reversed their initial reaction to the U.S. Investors were likely taking profits in healthcare stocks, which have outperformed the broader market so far this year but face policy uncertainty, according to Jim Paulsen, chief...

  • Marcus Lemonis is a self-made millionaire, entrepreneur, and host of CNBC's

    This is why Marcus Lemonis says most people may not be cut out for entrepreneurship.

  • March 16- U.S. stocks slipped on Thursday pressured by healthcare shares after proposals in President Donald Trump's budget signaled higher regulatory costs for the sector and a cut in federal funding for medical research. For 2018, the Trump administration has budgeted over $2 billion in fees to be collected by the U.S. Food and Drug Administration from the...

  • BIEL, Switzerland, March 16- Swatch Group is developing a Swiss-made operating system as it seeks to offer a smaller, more flexible alternative to the dominant systems which connect items such as smartwatches to the internet, its chief executive said on Thursday. Nick Hayek said the biggest problems facing competitors' smartwatches related to energy...

  • *Fed signals two more rate hikes this year. *Feb. housing starts rise more than expected. March 16- U.S. stocks slipped on Thursday as declines in the healthcare sector outweighed gains in financial stocks.

  • *Tesla up on plan to raise $1.15 bln. March 16- U.S. stocks opened slightly higher on Thursday as Oracle boosted the technology sector and bank shares gained after the Federal Reserve raised interest rates for the first time this year. "A less aggressive Fed was clearly the message the markets wanted to hear and indeed acted accordingly," Peter Cardillo, chief market...

  • *Q3 adj EPS $0.69/ shr vs $0.62/ shr. Oracle's shares rose 5.2 percent to $45.30 in extended trading on Wednesday. "The worst of this cloud transition is over," Drexel Hamilton analyst Brian White wrote in a note.

  • Net income rose to $2.24 billion, or 53 cents per share, in the third quarter ended Feb. 28, from $2.14 billion, or 50 cents per share, a year earlier. The company's total adjusted revenue rose to $9.27 billion from $9.01 billion. Analysts on average had expected revenue of $9.26 billion, and a profit of 62 cents per share according to Thomson Reuters I/B/E/S.