U.S. data center company Equinix Inc said on Friday it had agreed to buy British peer Telecity Group in a deal worth 2.35 billion pounds ($3.6 billion) which ends Telecity’s pursuit of smaller Dutch firm Interxion Holding NV . Telecity, which runs some of the huge computer centers which process traffic on the Internet, said in a statement its board had recommended Equinix’s offer, and as such it was terminating
Intel Corp has resumed negotiations to buy smaller chip maker Altera Corp and is close to a $15 billion acquisition agreement, a person familiar with the matter said on Friday. The New York Post, which reported on the deal’s status earlier, said the price for Altera could be $54 per share, a 15 percent premium over its Thursday closing price of $46.97. Altera shares were up 4.2 percent at $48.96
The government on Friday slashed its gross domestic product estimate to show it shrinking at a 0.7 percent annual rate instead of the 0.2 percent growth pace it estimated last month. There was also a modest downward revision to consumer spending.
After Dick Fuld’s first public speech since the crisis, this PR guy had one thing to say: Don’t call it a comeback.
The biggest U.S. exchange-traded fund that tracks oil is heading for the largest two-month outflow in six years, raising concern that crude’s 30 percent rally may stall.
Therapy is known as the talking cure. But if the New York-based tech startup Talkspace has its way, therapy will also become known as the texting cure. The company scored a round of $9.5 million in funding earlier this month from investors who have backed companies like Twitter (TWTR) and Tumblr (YHOO). We sit down with the co-founders and talk to other psychology professionals to talk about the business and
How to invest in China: 5 myths investors should ignore
Intel is close to a deal to buy smaller chipmaker Altera for about $15 billion, according to a report in the New York Post.
Six years, seven months and 13 days after Lehman Brothers Holdings Inc filed for bankruptcy, its former chief executive, Richard Fuld Jr., is still insisting it did not go broke. “Lehman Brothers in 2008 was not a bankrupt company,” Fuld said at a conference in Manhattan on Thursday, his first such public appearance since the financial crisis for which Lehman’s massive Chapter 11 filing marked a tipping point. During a
Following the playbook of countless retailers, Amazon.com Inc. is preparing to broadly expand its fledgling lineup of private-label brands to include an array of grocery items such as milk, cereal, and baby food as well as household cleaners, people familiar with the matter said. Amazon’s planned expansion in the private-label business mirrors a more traditional retail model where name-brand products are sold beside store-owned goods. Private labels have become a
