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IBM's Rometty Bets Her Legacy on the Red Hat Deal

With her $ 33 billion deal for Red hat RHT 45.38% Managing Director Ginni Rometty puts the greatest effort into his career at any International Business Machines Corp. has never done: a huge acquisition. IBM IBM -4.13% pays an amount for Red Hat approximately equivalent to the total value of all the agreements it has made over the past 15 …

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Elon Musk Again Stir Confusion on Twitter, this time about his title

Elon Musk took over Twitter on Monday with messages that said confusion about his official role Tesla TSLA 1.19% one month after a settlement with federal regulators meant to partially better regulate his public statements. "Deleted my Tesla titles last week to see what would happen," said a post on Mr. Musk's official Twitter account Monday afternoon . "I am …

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NHL partners with MGM for official legal sports play in hockey

The National Hockey League has chosen MGM Resorts International as its official sports game partner in the United States, as several states legalize sports gambling. The agreement follows a May 2018 Supreme Court ruling that triggers a law that prevented most states from offering sports games. Estimates of illegal sports gambling in the United States range from tens of billion …

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Third, Campbell wants to explore a divide

Third Point LLC's first plan to revolutionize Campbell soup CPB 2.34% includes exploring a breakdown of the company as one of its key tenets, according to people familiar with the case. Daniel Loeb's activist hedge fund drives an uphill battle in a proxy match to replace Campbell's entire 12-member board. If it wins the board, Third Point believes that the …

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US to block sales to Chinese tech company over security issues

WASHINGTON – The US said on Monday that it would block a Chinese state technology company from buying American components because it was a national security crash, the last volley in an escalating dispute between the world's two largest economies. [19659002] The company, Fujian Jinhua Integrated Circuit, a semiconductor manufacturer, "poses a significant risk" to be involved in activities that …

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McDonald's gunman killed by armed father who protects his sons

A brave dad armed with a gun stopped what could have been a mass shooting Saturday inside an Alabama McDonald's when he took down a masked gun that had stormed in and opened fire. The unidentified father left the establishment with his sons when a masked man walked into Birmingham fast food restaurant and started shooting, WBRC TV reported. The …

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