Nov 24- EMC Corp, in a bid to boost shareholder support for its sale to Dell Inc, will retain a majority stake in Virtustream and abandon a plan to place the loss-making cloud services provider in a joint venture with VMware Inc, people familiar with the matter said. The move is aimed at lifting VMware's shares, which have lost about a quarter of their value since...» Read More
*Best Buy's shares were down 8 percent to $28.82 in premarket trading, while J M Smucker was untraded after both reported results. *Dow component UnitedHealth's shares were down 3.8 percent to $112.80 in premarket trading after the health insurer cut its full-year profit forecast. Peers Humana fell 1.2 percent, while Cigna was down half a percent.
PROVIDENCE, R.I.— A Rhode Island House committee looking at the state's $75 million deal with failed video game company 38 Studios has voted to request a subpoena for company founder Curt Schilling. The Oversight Committee voted Thursday to ask House Speaker Nicholas Mattiello to issue the subpoena, compelling Schilling to come before the committee.
Nov 18- Salesforce.com Inc reported a quarterly adjusted profit above market expectations, driven by higher demand for its web-based sales and marketing software. Salesforce raised its revenue forecast for the year ending January 2016, for the fourth time, to $6.64 billion- $6.65 billion from $6.60 billion- $6.63 billion. The company's net loss narrowed to...
Nov 18- Salesforce.com Inc reported a 23.7 percent jump in quarterly revenue, driven by higher demand for its web-based sales and marketing software. The company's net loss narrowed to $25.2 million, or 4 cents per share, in the third quarter ended Oct. 31, from $38.9 million, or 6 cents per share, a year earlier. Revenue rose to $1.71 billion from $1.38 billion.
*Fairchild Semiconductor up after buyout offer. *Citrix down after spin off plan, job cuts. Apple's shares were up 3.2 percent at $117.31 after Goldman Sachs added the iPhone maker to its "conviction buy" list, saying it sees potential for the stock gaining as much as 43 percent from current levels.
*Fairchild Semiconductor up after buyout offer. *Citrix down after spin off plan, job cuts. French police raided an apartment in Paris on Wednesday, resulting in the death of two militants, while an international soccer match called off in Germany.
Nov 17- Software company Synopsys Inc said it has informed customers of an unauthorized access to its web portal and said no customer project or design data in this system was accessed. The unauthorized access to Synopsys electronic design automation, IP and optical products and product license files happened through its customer-facing license and...
Nov 17- Cloud computing software maker Citrix Systems Inc, under pressure from activist hedge fund Elliott Management, said it would spin off its GoTo business into a listed company and cut about 1,000 jobs. Citrix said in July it would explore strategic alternatives for its GoTo family of products, including videoconferencing and desktop sharing service...
Nov 17- Software company Synopsys Inc said it has notified customers of an unauthorized access to its web portal and said no customer project or design data in this system was accessed. The unauthorized access to Synopsys electronic design automation, IP and optical products and product license files happened through its customer-facing license and...
AUSTIN, Texas _ Upland Software Inc. on Monday reported a loss of $2.3 million in its third quarter. Upland Software shares have dropped 18 percent since the beginning of the year. Keywords: Upland Software, Earnings Report.
Nov 16- Insurance software maker Ebix Inc said it made a 450 million-pound takeover approach for Xchanging Plc, making it the latest company to show an interest in the provider of services to the insurance industry. Xchanging's shares rose as much as 9.8 percent to 185 pence, a six-month high, after Ebix's announcement on Monday. Ebix said it made a potential cash...
Nov 16- Insurance software maker Ebix Inc said it made a takeover approach for Xchanging Plc, valuing the outsourcing company at about 450 million pounds. Ebix said it sent a letter to Xchanging outlining a potential cash offer for the company at 175 pence per share. Xchanging, which confirmed the talks, has already agreed to a 412 million-pound cash offer from...
SINGAPORE _ One Horizon Group Inc. on Monday reported a loss of $1.6 million in its third quarter. The Singapore- based company said it had a loss of 5 cents per share. Keywords: One Horizon Group, Earnings Report.
APEC kicked off its annual meeting with plans to think small, including finding ways to ensure small businesses benefit from trade deals.
For this holiday season, gadgets are still considered popular gifts. Here's a look at 10 gifts for gadget lovers.
Kris Hagerman, CEO of Sophos, explains the rationale behind taking the software security firm public.
LONDON, Nov 10- Germany's KBA motor authority does not regard the use of software in Volkswagen's 3.0- litre V6 diesel engines, which U.S. officials have said was used to cheat air pollution tests, as "problematic", VW's boss in Britain said on Tuesday. Last week, the U.S. Environmental Protection Agency said Volkswagen used devices to cheat the tests in its mostly...
Nov 10- Privately held software maker Tenable Network Security Inc said on Tuesday it is raising $250 million in venture capital funding, a record-sized round for a cyber security firm. Proceeds from the Series B round, which was led by Insight Venture Partners and existing investor Accel, will be used to fund product development, international expansion and...
Richard Longdon, CEO of Aveva Group, says the negatives of Britain being part of the European Union outweigh the positives.
Richard Longdon, CEO of Aveva Group, says that his company is providing cost-cutting solutions for hard-pressed manufacturers and energy companies.
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Matt Hunter is the senior technology editor at CNBC.com.
Ari Levy is CNBC.com's senior technology reporter in San Francisco.
Harriet Taylor is a CNBC.com technology reporter based in San Francisco. She covers Apple, Uber and the sharing economy, cyber security and emerging Silicon Valley trends.
Working from Los Angeles, Boorstin is CNBC's media and entertainment reporter and editor of CNBC.com's Media Money section.
Jon Fortt is an on-air editor. He covers the companies, start-ups, and trends that are driving innovation in the industry.
Josh Lipton is CNBC's technology correspondent, working from CNBC's Silicon Valley bureau.