Dell Inc is planning to use equity in cloud software company VMware Inc to help pay for its acquisition of EMC Corp in a deal valuing the data storage company at more than $55 billion, according to people familiar with the matter.
G20 finance ministers have endorsed a package of measures to tackle corporate tax avoidance, but questions remain about whether certain countries will follow through on the plans or leave loopholes multinationals can exploit.
The head of the Federal Reserve Bank of New York said Friday that a Fed rate hike remains likely this year but that a final decision will depend on how the economy performs.
US stocks enjoyed one of their best weeks of the year as investors grew more confident that dovish monetary policy would persist, overlooking concerns about earnings and slower economic growth.
Ferrari will be valued at as much as $9.82 billion in an initial public offering when owner Fiat Chrysler Automobiles NV sells a 9 percent stake in the Italian supercar manufacturer.