Drone strikes attacked an oil processing facility at Abqaiq and the nearby Khurais oil field on Saturday.Marketsread more
Trump said oil would be released if needed to keep the market well supplied and he would expedite the approval of pipelines in Texas and other states.Marketsread more
Saudi Aramco is aiming to restore by Monday about a third of its crude output that was disrupted after drone attacks on two key oil facilities, The Wall Street Journal...Marketsread more
The trucking industry is worth hundreds of billions of dollars per year. Uber is going after this market with Uber Freight, an online platform that matches truckers with...Technologyread more
Apple's new iPhones can still send texts, download apps, and make video calls, but the company spends a lot of time and effort marketing its new phones as powerful photography...Technologyread more
Some U.S. manufacturers say tariffs, if targeted, will help address longstanding unfair trade practices like intellectual property theft.Traderead more
Supporters of a $15 minimum wage ballot initiative in Florida argue the state's inflation-tied pay hikes have not gone far enough.2020 Electionsread more
Saudi Arabia shut down half its oil production Saturday after drone strikes hit the world's largest oil processing facility in an attack claimed by Yemen's Houthi rebels.Politicsread more
Trusii's hydrogen water machines were supposed to help users with their health problems, but customers claim the company is involved in a giant scam.Technologyread more
The decoupling of the world's two weightiest economies seems as inescapable as its extent and global impact remains incalculable.Politicsread more
BlackBerry has reinvented itself to become a leader in securing mobile communications and in embedded communications. Next year it plans to roll out new products. CEO John...Evolveread more
"It's in our interest to look at everything," Benioff told CNBC's "Power Lunch" on Wednesday. "We have to go deep on everything. We have to understand what is possible for our shareholders and what isn't. But in the scheme of things, if you look back at my track record as a CEO, I think you'll find that while I look at a lot of things, I actually pass on most."
While he declined to comment on any specific deal, his remarks come after reports that tie Salesforce, an enterprise tech company, to the potential sale of social media company Twitter.
Unnamed sources told The Wall Street Journal that Benioff had been building a case to buy Twitter, calling the company an "unpolished jewel," according to a report published late Tuesday.
Salesforce shares fell more than 6.5 percent on Wednesday before Benioff spoke, but pared that decline and was last down about 5 percent. The cloud company helps businesses manage relationships with their customers.
Under Benioff, Saleforce has been on what some have called a "spending spree," with big-name acquisitions like Krux, Quip and Demandware, even in a year the company "didn't think they were going to buy any companies." While the company is growing quickly and innovating organically, Benioff said they also have a history of smart acquisitions.
"Our decisions have been very, very good for our company," Benioff said. "On the vast majority of deals we do, the stock goes up."
A bid for Twitter could destroy $12 billion to $17 billion in value for Salesforce, Mizuho analyst Abhey Lamba wrote in a research note. That value could take two to three years to recapture, he estimated.
While Twitter has access to valuable data, a note from SunTrust Robinson Humphrey analyst Robert Peck raised questions about the unverified nature of many user profiles on the site, which often features "not safe for work" content from "bots."
"I think every company is going to need more data to mine," Benioff said. "That's why we're selling our products to our customers — so they will have more data to mine. ... That's really mission critical."
Benioff's comments also come amid the company's massive annual user conference, Dreamforce, in San Francisco. The event is expected to draw 170,000 registrants in person, and millions online, Benioff said.
"You can feel the momentum here. ... After meeting with all these amazing customers yesterday, it revalidated something I already knew: Our core is so very, very strong," Benioff said.
Disclosure: Mizuho Securities or its affiliates makes a market in Salesforce and Twitter. An affiliate of SunTrust Robinson Humphrey has received compensation for non-securities services to Twitter and Salesforce in the last 12 months.