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Stocks Rebound, Have Best Day Since 1933

By Kevin Dugan
· · Source: The Information

The Dow Jones Industrial Average rose 11% on Tuesday, its best day since 1933, as Congress and the White House appeared to be getting closer to passing a stimulus deal worth at least $1.6 trillion. While lawmakers haven’t settled on all aspects of the bill, drafts of the legislation have included zero-interest loans to businesses that keep their employees and as much as $7,500 per family to pay...

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The Briefing
Salesforce Pays Up for Slack: The Information’s Tech Briefing
By The Information Staff · Dec. 1, 2020 5:32 PM PST
Salesforce Pays Up for Slack: The Information’s Tech Briefing
Salesforce chief Marc Benioff could never be accused of underpaying for a company, as his proposed $27.7 billion cash-and-stock purchase of Slack demonstrates. Salesforce’s price for the enterprise messaging firm is more than a 50% premium over where Slack’s stock was trading before news of the deal broke. The idea that someone else might jump in with a competing bid now seems...
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Slack Deal Could Fulfill Salesforce Chief’s Decade-Old Vision
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By Kevin McLaughlin
Salesforce co-founder and CEO Marc Benioff has long had a vision of replacing email with new forms of collaboration software, though his attempts to build that future have mostly fizzled.
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Opinion Facebook
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