Seattle: Dell is offering about $33 (Dh121) a share to acquire EMC Corp, a person with knowledge of the matter said, in a deal that would create a corporate-computing colossus and help both companies cope with a demand slowdown.
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.
On Thursday, minutes from the latest Federal Open Market Committee meeting showed the central bank nearly hiked interest rated but refrained as a result of the slowdown in China and its potential impact on the US.
London: US stocks rose, with the Standard & Poor's 500 Index posting its strongest weekly gain this year, as equities continued to rebound from their worst quarter since 2011.
... * Ferrari sets IPO price range at $48-52. * Fiat Chrysler Automobiles to sell 10 pct stake in IPO (Adds details, writes throughout).