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Dell to acquire EMC in $67 billion record tech deal

Computer maker Dell Inc said on Monday it had agreed to buy data storage company EMC Corp in a $67 billion record technology deal that will unite two mature companies and create an enterprise technology powerhouse. The acquisition will help privately held Dell diversify from a stagnant personal-computer market and give it greater scale in the more profitable and faster-growing market for managing and storing data. Combining Dell’s server businesses

Facebook pushes shopping features in move to e-commerce

Facebook Inc wants its users to shop for clothes and other products from their mobile phones without ever leaving its app. In an effort to move further into e-commerce and compete with Amazon Inc’s retail offerings, Facebook announced Monday it is testing several ad features that allow users to shop directly through its app. Few users make purchases on mobile phones because it is slow and cumbersome, but Facebook hopes

Cyber insurance premiums rocket after high-profile attacks

“Some companies are struggling to find the money to buy the coverage they want,” said Tom Reagan, a cyber insurance executive with Marsh & McLennan Co’s Marsh broker unit. Retailers and health insurers have been especially hard hit by the squeeze after high-profile breaches at Home Depot Inc , Target Corp , Anthem Inc and Premera Blue Cross. Health insurers who suffered hacks are facing the most extreme increases, with

Lockheed delivered fraction of missile defense interceptors

By Andrea Shalal WASHINGTON (Reuters) – Lockheed Martin Corp delivered only three of 44 interceptors for the THAAD missile defense system in fiscal year 2015 due to a seven-month halt in production caused by computer issues, the U.S. Missile Defense Agency said. The interceptors for the Terminal High Altitude Area Defense program, which has an average budget of $800 million a year, are now expected to be delivered by September