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VMware buys startup Intrinsic as part of cloud expansion: reportExternal Link

VMware Inc. has acquired security startup Intrinsic, CNBC reported late Tuesday. Terms of the deal were not announced, but it is part of VMware's expansion of its platform into the public cloud, the enterprise-software company told CNBC. It's the latest purchase in a busy summer for VMware: In June, it announced it would buy cloud-application delivery platform Avi Networks, and in July it acquired AI chip virtualization firm Bitfusion. VMware is also looking to acquire Pivotal Software, according to an SEC filing last week. VMware shares are up 5% this year, compared to the S&P 500's 16% gain.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


Wed, 21 Aug 2019 00:36:03 GMT
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Thousands of MoviePass customers have card data exposed: reportExternal Link

Beleaguered movie ticket subscription company MoviePass Inc. recieved more bad news late Tuesday following a report that tens of thousands of customer bank card numbers were exposed. Over-the-counter shares of Helios & Matheson Analytics Inc. , which owns MoviePass, closed up 18% at $0.002 Tuesday. One of MoviePass's databases was found to be not protected with a password by security researcher Mossab Hussein, according to TechCrunch. The database contained 161 million records at the time, but more than 58,000 contained customer card data, according to the report.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


Wed, 21 Aug 2019 00:00:25 GMT
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API data show a weekly decline in U.S. crude stocksExternal Link

The American Petroleum Institute reported late Tuesday that U.S. crude supplies fell by 3.5 million barrels for the week ended Aug. 16, according to sources. The API also reportedly showed a stockpile decline of 403,000 barrels in gasoline, while distillate supplies rose by 1.8 million barrels. Inventory data from the Energy Information Administration will be released Wednesday. The EIA data are expected to show crude inventories down by 3.1 million barrels last week, following two consecutive weekly increases, according to a survey of analysts conducted by S&P Global Platts. The survey also forecast weekly supply declines of 1.6 million barrels for gasoline and 200,000 barrels for distillates. October West Texas Intermediate crude was at $56.18 a barrel in electronic trading, up slightly from the contract's $56.13 settlement on the New York Mercantile Exchange.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


Tue, 20 Aug 2019 20:56:38 GMT
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Nordson stock falls on earnings miss, outlookExternal Link

Nordson Corp. shares dropped in the extended session Tuesday after the adhesives and materials company missed Wall Street estimates and forecast a rockier-than-expected quarter. Nordson shares fell 7% after hours, following a 1.3% decline in the regular session to close at $135.48. The company reported fiscal third-quarter net income of $93.9 million, or $1.62 a share, compared with $98.4 million, or $1.61 a share, in the year-ago period. Revenue declined to $559.7 million from $581.2 million in the year-ago quarter. Analysts surveyed by FactSet had forecast earnings of $1.81 a share on revenue of $587.7 million. Nordson said it "now expects flat to modest organic sales growth and unfavorable foreign currency effects of approximately 2 percent on sales as compared to the prior year." Analysts expect annual revenue of $2.24 billion, or 0.8% down from a year ago. "As we approach the end of our fiscal year, the effect of recent macroeconomic trends has had a more significant impact than most anticipated, particularly on electronics end markets," said Michael Hilton, who served as Nordson's president and CEO until July 31, in a statement.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


Tue, 20 Aug 2019 20:52:35 GMT
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Walmart sues Tesla over solar-panel roof firesExternal Link

Walmart Inc. is suing Tesla Inc. over a spate of roof fires at several Walmart stores in 2018 that the retailer alleges were caused by Tesla solar panels. "At each location, the fire had originated in the Tesla solar panels," according to a filing on Tuesday. "To state the obvious, properly designed, installed, inspected, and maintained solar systems do not spontaneously combust, and the occurrence of multiple fires involving Tesla's solar systems is but one unmistakable sign of negligence by Tesla," the complaint said. Tesla could not be immediately reached for comment. Shares of Tesla were down 0.4% in the extended session, matching the day's loss.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


Tue, 20 Aug 2019 20:49:44 GMT
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