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.
LIMA The Group of 20 major economies have endorsed a package of measures to tackle corporate tax avoidance, but questions remain about whether 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.
Crude oil in New York slid 0.04 cents to $48.49 a barrel and gold fell $2.01 to $1,145.23 an ounce. “Overall, it's the continuing story, that commodity-centric and energy companies have been doing better”.
... * Ferrari sets IPO price range at $48-52. * Fiat Chrysler Automobiles to sell 10 pct stake in IPO (Adds details, writes throughout).