After Elon Musk touts Tesla solar on Twitter, Walmart sues the electric vehicle and clean energy company over store rooftop panels that ignited.Technologyread more
The bond market has entered a financial twilight zone, and at this point, there doesn't seem to be a smooth way out.Market Insiderread more
Trump said he has "been thinking about payroll taxes for a long time" — and he cautioned that "whether or not we do something now, it's not being done because of recession."Politicsread more
Secretary of State Mike Pompeo privately told business executives and free traders that the trade war could end by the 2020 election and that hurdles to an immediate agreement...2020 Electionsread more
Market bull Jeff Saut told CNBC on Tuesday that the lows are in and the market is headed "much higher."Marketsread more
Home Depot CFO Carol Tome says "consumer confidence is near record high levels" but "consumer demand could be impacted" by lingering U.S.-China trade tensions.Mad Money with Jim Cramerread more
The company's stock seesawed after the markets closed Tuesday, initially swinging up by 4% before falling by about 2%.Retailread more
President Donald Trump believes he has quite the bargaining chip with the European Union.Marketsread more
The United States does not have a defense against hypersonic weapons, which can travel at least five times the speed of sound, or a little more than a mile per second....Defenseread more
See which stocks are posting big moves after the bell.Market Insiderread more
The Federal Reserve has lost control of interest rates as evidenced by the federal funds rate trading higher than any part of the U.S. Treasury yield curve, Jeffrey Gundlach,...Marketsread more
Adobe is nearing an acquisition of marketing software company Marketo for around $5 billion, according to people familiar with the matter. (Later on Thursday, the company officially announced the deal for $4.75 billion: Full story here.)
The companies are in the final stages of reaching a deal, said the people, who asked not to be named because the negotiations are private. An announcement could happen Thursday or Friday, the people said.
Vista Equity Partners, a private equity firm that specializes in software and technology, acquired Marketo for about $1.8 billion in 2016. Adobe and Microsoft were both considering buying Marketo in 2016, sources said, but ultimately Vista won it.
The acquisition will help Adobe better compete with Salesforce, which got into marketing automation — for managing outreach to potential and existing customers over multiple channels in order to drive sales — with its $2.5 billion acquisition of ExactTarget in 2013. A deal would be Adobe's largest acquisition ever, according to data compiled by CNBC.
An Adobe spokesman wouldn't comment. Marketo did not immediately respond to a request for comment. A Vista spokesman declined to comment.
Marketo was started in 2006 by a group of co-founders, including Phil Fernandez, who was CEO through the company's IPO in 2013. He stayed at the helm even after Vista took the company private in May 2016. Fernandez stepped down later that year and was replaced by Steve Lucas, an industry veteran of over two decades. Lucas was previously president of SAP's platform and analytics group and before that was a senior vice president at Salesforce.
Eloqua, one of Marketo's top competitors, went public in August 2012 and was acquired by Oracle four months later for $871 million.
— CNBC's Jordan Novet and Ari Levy contributed to this report.