Never seen more value traps in market: Advisor Financial advisor Mitch Goldberg sees a big problem: too much cash, and too few good ideas for where to invest it in the stock market.
| By: Mitch Goldberg, president of ClientFirst Strategy
Dimon, Buffett meet with asset managers Jamie Dimon and Warren Buffett met with asset managers to discuss best practices in the governance of U.S. companies. The FT reports.
Source: Financial Times
| By: Stephen Foley and Ben McLannahan
Where VCs are putting their money in 2016 It's not all gloom and doom for start-ups and their investors in 2016, says VC Sergio Monsalve. Here are his predictions.
| By: Sergio Monsalve, a partner at Norwest Venture Partners
EMC qtrly revenue falls marginally Jan 27- Data storage products maker EMC Corp reported a marginal 0.5 percent fall in quarterly revenue due to lower sales in its traditional data-storage business and a strong dollar. Net income attributable to EMC fell to $771 million, or 39 cents per share, in the fourth quarter ended Dec. 31, from $1.15 billion, or 56 cents per share, a year earlier.
UPDATE 2-Software maker VMware to cut 800 jobs, sees weak 2016 Jan 26- VMware Inc forecast 2016 revenue and profit below analysts' expectations, citing weak bookings for its virtualization software in China, Russia and Brazil, and the company said it would cut about 800 jobs. The company, whose parent EMC Corp is being acquired by Dell Inc, also appointed EMC Chief Financial Officer Zane Rowe its finance chief, replacing...
| By: Sai Sachin R
UPDATE 1-VMware posts higher-than-expected revenue, announces job cuts Shares of VMware, whose parent EMC Corp is being acquired by Dell Inc, rose about 4 percent to $50.68 in extended trading on Tuesday. VMware appointed EMC Chief Financial Officer Zane Rowe its finance chief, effective March 1. VMware's net income rose 14.4 percent to $373 million, or 88 cents per share, in the quarter ended Dec. 31.
Software maker VMware's profit rises 14.4 pct The company's net income rose to $373 million, or 88 cents per share, in the fourth quarter ended Dec. 31 from $326 million, or 75 cents per share, a year earlier. The company also said its Chief Financial Officer and Chief Operating Officer Jonathan Chadwick was quitting and Zane Rowe would be the CFO from March 1. VMware's parent, data storage company EMC Corp, is in the...
Hedge fund nears rare insider trading settlement refund with U.S. SEC NEW YORK, Jan 25- U.S. securities regulators said on Monday they would not oppose making a rare settlement refund of $21.5 million to hedge fund Level Global Investors LP after a federal appeals court's ruling that made pursuing insider trading cases tougher. The U.S. Securities and Exchange Commission's position was laid out in a letter filed in federal court...
| By: Nate Raymond