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RAX News

Rackspace Confirms Departure of COO Mark Roenigk

Roenigk had been with the company since 2009.

Amazon, Microsoft and Google are tightening grip on the cloud as smaller players exit

Lacking the scale and features offered by the market leaders, VMware is the latest smaller cloud player to exit the market altogether. More are likely to follow.

Largest U.S. banks bullish about M&A despite lackluster 2016

Optimism about the pro-growth policies of President Donald Trump, a real estate mogul and author of 'The Art of the Deal,' has boosted the M&A outlook for this year.

Tech deals propel Wachtell, Wilson Sonsini to big third quarter

Wachtell Lipton and Wilson Sonsini have big third quarters in tech, while Jones Day's Daniel Mitz lands two large chip deals.

Oracle Continues Its All-Out Push Into the Cloud, but Amazon and Others Aren't Standing Still

Larry Ellison broadly proclaims that Oracle's latest offerings mean Amazon's cloud lead is over, but a closer examination shows where his company really stands.

Breaking News

Grim Intel Outlook Tied to Weak PC Demand

We stumbled ... we lost share ... we lost momentum," said CEO Pat Gelsinger.

Fed Inflation Gauge Eases To 4.4% In December As Spending Slumps

Personal spending fell most than expected in December, according to data from the Fed's preferred inflation gauge, helping price pressure ease over the final month of the year.

Bill Gates Admits He's Not on Same Page as U.S. Politicians Regarding China's Rise

The philanthropist and Microsoft co-founder discusses China's rise and its role in the world.