Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  News  >  Economy & Forex

News : Latest News
Latest NewsCompaniesMarketsEconomy & ForexCommoditiesInterest RatesBusiness LeadersFinance Pro.CalendarSectors 
All NewsEconomyCurrencies & ForexEconomic EventsCryptocurrenciesCybersecurityPress Releases

Tech Up As Salesforce Eyes Slack Deal -- Tech Roundup

11/25/2020 | 05:07pm EST

Shares of technology companies rose as deal intrigue suggested the business outlook remained bright for "stay-at-home" technology specialists.

Shares of work-place messaging service Slack Technologies rose by roughly 35% after WSJ reported that business software giant Salesforce.com was in advanced talks to buy the company. Slack was seen as one of the big beneficiaries of changes in work habits spurred by the coronavirus pandemic.

Shares of another such company, Zoom Video Communications, rose in sympathy.

Tesla shares rose, continuing its historic upward spiral, despite the electric-car maker's plan to recall more than 9,000 Model Y and Model X vehicles over issues with bolts and a roof trim.

International Business Machines plans to reduce its European workforce by about 10,000 ahead of a planned spinoff of its managed-infrastructure business

Write to Rob Curran at rob.curran@dowjones.com

(END) Dow Jones Newswires

11-25-20 1706ET

Stocks mentioned in the article
ChangeLast1st jan.
INTERNATIONAL BUSINESS MACHINES CORPORATION 0.82% 130.08 Delayed Quote.3.34%
SLACK TECHNOLOGIES, INC. 1.33% 42.63 Delayed Quote.0.92%
TESLA, INC. 0.70% 850.45 Delayed Quote.20.52%
ZOOM VIDEO COMMUNICATIONS, INC. -2.81% 382.8 Delayed Quote.13.48%
Latest news "Economy & Forex"
05:30aInvestors get their Biden bounce on
RE
05:03aSouth Africa's retail sales down 4% year on year in November
RE
04:56aETF & ETP STATISTICS 2020 : Sustainability, thematic ETFs and cryptocurrencies in investor focus
PU
04:33aEuro gains before ECB meeting; Biden stimulus weighs on dollar
RE
04:13aMODERN TIMES : Entain names Jette Nygaard-Andersen CEO after rejecting MGM deal
RE
03:54aTaiwan central bank to punish four banks over grain arbitrage case
RE
03:51aECB to chart steady course even as the outlook dulls
RE
03:45aBeijing faces high food prices ahead of Lunar New Year due to lockdowns nearby
RE
03:44aANALYSIS : A lot of hot air? Investors snap up hydrogen stocks in green frenzy
RE
03:43aBank of Japan lifts next year's growth forecast, saves ammunition as virus risks linger
RE
Latest news "Economy & Forex"