By Yuvraj Malik (Reuters) -IBM said on Monday it will acquire technology spend-management platform Apptio from Vista Equity Partners for $4.6 billion in cash, in the latest deal to bolster its capabilities in cloud and automation. Shares of IBM were marginally lower in premarket trading. IBM said it will finance the transaction with cash on…
(Reuters) -Home health and hospice caregiver Amedisys on Monday agreed to a $3.3 billion sweetened cash offer from UnitedHealth Group and scrapped an all-stock deal with Option Care Health. UnitedHealth is buying the company for $101 per share, which is a dollar higher than its previous offer and above the $97.38 per share all-stock deal…
BRASILIA (Reuters) – Brazil Treasury secretary Rogerio Ceron on Monday said the sooner monetary easing begins, the sooner conditions will be created for an “adequate” 2024, emphasizing that high interest rates have an impact on the public debt cost. In an interview with local news channel BM&C News, Ceron said that nearly 90% of the…
By Blake Brittain WASHINGTON (Reuters) – The U.S. Supreme Court on Monday declined to hear Nike’s bid to overturn a U.S. Patent Office tribunal’s decision to cancel part of a shoe patent in the American footwear company’s now-settled dispute with German rival Adidas. The justices turned away up Oregon-based Nike’s appeal of a lower court’s…
By Alexander Marrow (Reuters) – The rouble sank to its lowest in nearly 15 months against the dollar on Monday in one of its most volatile sessions this year as investors responded for the first time to an aborted mutiny by armed mercenaries in Russia over the weekend. Mercenaries led by Yevgeny Prigozhin withdrew from…
By Ali Kucukgocmen ISTANBUL (Reuters) – Turkey’s monthly inflation was seen at 4.84% in June, partly due to the lira’s sharp decline after elections last month, a Reuters poll showed on Monday, but the annual reading was expected to decline slightly to 39.47%. The median estimate of 11 economists for the monthly inflation in June…
WASHINGTON (Reuters) – The U.S. Supreme Court on Monday declined to hear a bid by Apple Inc and Broadcom Inc to revive their challenges to Caltech data-transmission patents in a patent infringement case in which the university’s earlier $1.1 billion jury verdict against the companies was thrown out. The justices turned away an appeal by…
By Uditha Jayasinghe COLOMBO (Reuters) -Sri Lanka will announce a reworking of its domestic debt later this week to meet targets set by the International Monetary Fund (IMF) and aim to turn around its economy, which has been hammered by a financial crisis. A severe shortage of dollars tipped the island nation of 22 million…
BERLIN (Reuters) – Germany was set to raise its minimum wage by 3.4% to 12.41 euros ($13.53) an hour from 2024, based on the proposals of government-appointed commission on Monday, although unions and analysts said the hike would not be enough to cover inflation. Labour Minister Hubertus Heil said he would accept the proposals –…
(Reuters) – Wolfspeed said on Monday that a group led by Apollo Global Management would make a debt investment of $1.25 billion in the chipmaker, with room for an additional $750 million, to support its U.S. expansion. Wolfspeed CEO Gregg Lowe said the financing would help “scale up near-term operations at our Mohawk Valley Fab…
