President Donald Trump said Monday he's in no rush to respond to a coordinated attack that hit Saudi Arabia's oil industry over the weekend.Marketsread more
The price of oil could go sharply higher, depending on the duration of the disruption at Saudi oil facilities and whether there is a military response.Powering the Futureread more
Energy stocks, one of the worst-performing sectors this year, spiked Monday after an attack on Saudi Arabia's heart of oil production Saturday sent oil prices soaring.Marketsread more
The Saudi-led military coalition battling Yemen's Houthi movement said on Monday that the attack on Saudi oil plants was carried out by Iranian weapons and did not originate...Oilread more
"The United States military, with our interagency team, is working with our partners to address this unprecedented attack and defend the international rules-based order that...Politicsread more
Crude oil's spike following attacks on Saudi Arabia's energy supply has experts weighing whether or not the gains will last.ETF Edgeread more
"In the old days, the averages would've plunged on this kind of oil shock. I know because I've lived through a bunch of them, starting in 1973," Jim Cramer says.Mad Money with Jim Cramerread more
Traders in the fed funds futures market on Monday were pricing in a 34% chance that the Fed will stay put on rates.The Fedread more
The meeting comes amid months of stalled trade talks between Washington and New Delhi, resulting in both sides taking retaliatory measures.Asia Politicsread more
Gas prices could rise by about 20 cents per gallon "starting tomorrow," oil analyst Andy Lipow says Monday.Oil and Gasread more
Some operators are cashing in on the CBD craze by substituting cheap and illegal synthetic marijuana for natural CBD in vapes and edibles such as gummy bears, an AP...Health and Scienceread more
Hewlett Packard Enterprise is in talks with buyout firm Thoma Bravo to sell its software division, hoping it can fetch between $8 billion and $10 billion, according to people familiar with the matter.
Shares of HPE were up sharply after the report, gaining 3 percent.
The negotiations come as HPE Chief Executive Meg Whitman seeks to focus the U.S. company's strategy on networking, storage, data centers and related technology services, after its separation last year from computer and printer maker HP Inc.
HPE has received offers for the software unit of as much as $7.5 billion in a sale process managed by investment bank Goldman Sachs, the sources said this week.
Thoma Bravo has made the highest offer for the assets among the private equity firms that held discussions with HPE, though significant discrepancies in valuation expectations persist and no deal is certain, the people said.
Other private equity firms that made offers for the software assets include Vista Equity Partners Management, Carlyle Group and TPG Capital, the people said. It was still possible that HPE would turn to a buyout firm other than Thoma Bravo to pursue a deal, or that Thoma Bravo would buy only some of the assets, the people said.
A sale of HPE's entire software division to a single private equity firm would be easier if the latter already owns some related companies, the people said. Thoma Bravo owns several software companies, including Dynatrace and Compuware, which could produce cost savings and efficiencies if combined with some of HPE's software assets, the people added.
The sources asked not to be identified because the negotiations are confidential. HPE, Goldman Sachs, Thoma Bravo, Vista Equity, Carlyle and TPG declined to comment.
HPE's software unit generated $3.6 billion in net revenue in 2015, down from $3.9 billion in 2014. The company has said revenue growth in its software unit has been challenged by a market shift toward cloud subscription offerings.
HPE acquired part of its software portfolio as a result of its ill-fated $10.3 billion acquisition of Autonomy in 2011 and the $4.5 billion acquisition of Mercury Interactive in 2006.
The software assets also include Vertica, a big data analytics platform, ArcSight, a cyber security firm as well as products for IT operations management.
HPE is the latest technology company looking to slim down a large portfolio of noncore software assets that are struggling to generate growth. In June, Dell agreed to sell its software division to buyout firm Francisco Partners and the private equity arm of activist hedge fund Elliott Management Corp for more than $2 billion.
In May, HPE agreed to merge its IT services and outsourcing unit with Computer Sciences to create a $9 billion company in a tax-free all-stock transaction known as a Reverse Morris Trust.