(Reuters) - Computer-maker Dell Inc struck a deal on Monday to buy data storage company EMC Corp for $67 billion, setting a record in the technology industry, as it tries to transform itself into a giant in the fast-growing market for managing and storing corporate data.
The acquisition, the year's third-largest in all sectors, highlights the frenzy of dealmaking sweeping the economy, as big or mature companies take advantage of low interest rates to buy rivals as a way to spur growth.
BOSTON (Reuters) - A rash of hacking attacks on U.S. companies over the past two years has prompted insurers to massively increase cyber premiums for some companies, leaving firms that are perceived to be a high risk scrambling for cover.
On top of rate hikes, insurers are raising deductibles and in some cases limiting the amount of coverage to $100 million, leaving many potentially exposed to big losses from hacks that can cost more than twice that.
PARIS (Reuters) - Alcatel-Lucent said on Tuesday it will not sell its undersea cables unit, meaning the strategic business which underpins the global Internet will be taken over by Nokia once it completes its acquisition of the Franco-American group.
The Finnish firm unveiled in April the 15.6 billion euro ($17 billion) acquisition of network gear maker Alcatel-Lucent as they aim to better compete with market leader Ericsson and low-cost Chinese powerhouse Huawei.
SEOUL (Reuters) - More than a year into the overhaul of its smartphone lineup, Samsung Electronics Co Ltd has yet to find a way to reverse a slide in market share or margins, clouding its growth outlook and fuelling investor impatience.
The world's largest handset maker is forecast on Wednesday to guide for its first annual increase in quarterly profit in two years following a dismal third quarter in 2014, but profits and mobile margins are expected to contract on a sequential basis.
LONDON (Reuters) - European banks and insurers could face new rules to control their use of "big data" to target customers with products after EU watchdogs said they would investigate the area.
Big data refers to companies or other institutions using digital information on consumer behavior from a wide variety of sources, such as their own databases, to make market predictions or spot patterns. The global financial services industry is expected to spend billions of dollars in coming years to improve their analysis capabilities.
BRUSSELS/LONDON (Reuters) - Hutchison Whampoa is set to face an extensive EU investigation over its bid for Telefonica's British unit and is prepared to sell network capacity and frequencies to head off antitrust concerns, three sources said on Friday.
Hutchison's planned 10.3-billion-pound ($16 billion) acquisition of Telefonica's O2 business would make it the top mobile operator in Britain. But it comes as the European Commission has signaled a tougher line on telecoms mergers, including forcing companies to divest infrastructure network.
CARACAS (Reuters) - Venezuela's telecoms industry was deteriorating because of a scarcity of dollars, putting roaming and mobile internet services at risk, the crisis-hit country's telecoms chamber said on Tuesday.
Telecoms, like almost all sectors of socialist-run Venezuela's battered economy, depend on a strict state allocation of dollars for imports and investments.
But a tumble in oil prices and an economic crisis have restricted the availability of hard currency, causing shortages ranging from iPhones to catheters and flour, and harming investments.
DUBAI (Reuters) - Kuwait's Zain will investment more in technology firms in parallel industries and is considering buying into two digital advertising companies, the telecom operator's chief executive said on Monday.
Zain, like many Gulf telecoms operators, has suffered as subscriber growth stagnated and replacement services such as instant messaging and Internet-based calls replaced higher-margin text messages and conventional phone calls.
TEL AVIV (Reuters) - Fast-growing Israeli-U.S. cybersecurity firm ForeScout Technologies is set on listing on Wall Street, but may not be ready to launch an IPO in the next year, especially if financial markets remain volatile, its chief executive said.
Technology research firm Gartner ranks ForeScout as a market leader in the field of access control, which scans an organization remotely to detect every device connecting to its networks, while blocking out anything lacking appropriate credentials.
TORONTO (Reuters) - Canada's BlackBerry Ltd said on Friday it will buy rival mobile software provider Good Technology Corp for $425 million, to boost its ability to help corporate clients manage smartphones running on different operating systems.
The cash deal may help BlackBerry, a one-time smartphone pioneer, win new customers for its services business, a priority as it shifts focus to device management software for enterprise customers. More than half the devices running on Good's systems are Apple Inc products such as the iPhone.
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