Broadcom Inc. AVGO -3.10% is in talks to pay around $60 billion for VMware Inc., VMW 24.78% people familiar with the matter said, in what would be one of the biggest takeover deals of the year. The two technology companies are aiming to announce a cash-and-stock deal worth about $140 a share on Thursday, assuming...
Broadcom Inc. AVGO -0.55% is in advanced talks to buy VMware Inc., VMW 0.80% according to people familiar with the matter, setting the stage for what would be one of the year’s biggest deals. The technology companies are discussing a cash-and-stock deal that could come soon, assuming the talks don’t fall apart, the people said....
TOKYO—Apple has told some of its contract manufacturers that it wants to boost production outside China, citing Beijing’s strict anti-Covid policy among other reasons, people involved in the discussions said. India and Vietnam, already sites for a small portion of Apple’s global production, are among the countries getting a closer look from the company as...
It is a tricky time to work at Twitter. Far beyond the usual uncertainty at an acquisition target, Mr. Musk’s $44 billion takeover deal has left employees bewildered about what their jobs are and will be, as well as how to keep operating a platform with around 229 million daily users while its would-be owner...
A bipartisan group of senators led by Utah Republican Mike Lee introduced legislation Thursday that would take aim at conflicts of interest in the advertising technology industry and force Google to break up its dominant online-ad business. The bill, co-sponsored by Sens. Ted Cruz (R., Texas), Amy Klobuchar (D., Minn.) and Richard Blumenthal (D., Conn.),...
Inflation is catching up with some of America’s biggest retailers, as their recent quarterly results were pinched by higher costs on everything from products to fuel. Investors dumped shares of Walmart Inc., Target Corp. and other big chains—notching some of the biggest declines since the market crash of 1987—amid fears that the companies wouldn’t be...
Directors who control the board of Cerebral Inc. agreed on a plan to replace Chief Executive Kyle Robertson, sparking leadership tumult at the mental-health startup as it contends with scrutiny over its prescription practices for controlled substances, people familiar with the situation said Tuesday. Investors and an independent director who together control four of the...
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The median pay package for chief executives of the biggest U.S. companies reached $14.7 million in 2021, setting a sixth-straight annual record as strong profits and robust markets boosted performance measures. Total compensation rose by at least 12% for most of the executives, and most companies recorded annual shareholder returns of nearly 30%, according to...
Rising used-car prices, which have been a big contributor to inflation over the past year, are starting to ease with dealers saying buyers are pushing back on what they are willing to spend. During the pandemic, prices for preowned vehicles climbed 45%, hitting an average of $29,969 at the end of last year and rising...
