Technology 

Dell sweetens VMware tracking stock offer with higher price, board seat

(Reuters) – Dell Technologies on Thursday raised its offer to buy back shares tied to its interest in software maker VMware (DVMT.N) to $120 per share, sweetening the deal for shareholders with an additional $5 billion in cash. A logo of Dell Technologies is seen at the Mobile World Congress in Barcelona, Spain February 28, 2018. REUTERS/Yves Herman The revised terms, announced ahead of a scheduled vote on the deal on Dec. 11, cap 1-1/2 weeks of negotiations between Dell and its private owners, and several large shareholders such as…

Read More
Technology 

Dell sweetens VMware offer with higher price, board seat

(Reuters) – Dell Technologies on Thursday raised its offer to buy back shares tied to its interest in software maker VMware (DVMT.N) to $120 per share, still way short of the $300 price suggested by activist investor Carl Icahn. A logo of Dell Technologies is seen at the Mobile World Congress in Barcelona, Spain February 28, 2018. REUTERS/Yves Herman The computer maker in July offered to pay $21.7 billion, or $109 per share, in cash and stock to buy back shares tied to its interest in VMware, returning the computer…

Read More
Top stories 

Parole Board chairwoman ‘concerned’ about lack of black panel members

The new chairwoman of the Parole Board has said it is a “significant concern” that none of its 240 members is black. Caroline Corby said just 13 members of the board, which decides the release of the most serious offenders in England and Wales, was from an ethnic minority. She said “unconscious bias” had affected recruitment for the board. Mrs Corby replaced Nick Hardwick, who was forced to quit after the High Court overturned the board’s decision to free serial sex offender John Worboys. In her first interview since her…

Read More
Technology 

Tesla names director Denholm to replace Musk as board chair

(Reuters) – Tesla Inc has named director Robyn Denholm as board chair, fulfilling a demand by the U.S. Securities and Exchange Commission to strip the job from Elon Musk, the electric car maker’s wayward chief executive who has dragged the company through months of turbulence. The appointment was required as part of a September deal Tesla struck with the securities regulator to settle fraud charges against Musk and Tesla. Legal experts said it was unclear if Denholm, who has been on Tesla’s board for four years, was independent enough for…

Read More
Top stories 

Leicester helicopter crash: ‘Minimal chance’ of survival for five on board

Image copyright Getty Images/Facebook/Instagram Image caption (L-R): Vichai Srivaddhanaprabha, Kaveporn Punpare, Nusara Suknamai, Izabela Roza Lechowicz and Eric Swaffer were killed in the crash on 27 October There was “minimal chance” for anyone to survive a helicopter crash outside Leicester City’s stadium in which five people died, an inquest has heard. Club owner Vichai Srivaddhanaprabha died alongside four others when the aircraft came down shortly after a match on 27 October. Det Ch Supt David Sandall told the inquest an intense fire stopped anyone getting in or out of the…

Read More
Sports 

Maryland board chairman resigns, player claims assault

The chairman of the University System of Maryland Board of Regents announced his resignation Thursday, a day after Maryland fired football coach DJ Durkin. James T. Brady issued a statement that said he was proud of the “deep and thorough process of responding to issues arising out of the tragic death of Jordan McNair,” the Terrapins’ offensive lineman who passed away earlier this year. The board, after reviewing an investigation into the football program, recommended Durkin be reinstated as football coach. After both an internal and public uproar, Durkin was…

Read More
Technology 

James Murdoch tipped to lead Tesla board?

Image copyright Getty Images Image caption James Murdoch joined the Tesla board last year. James Murdoch could become the next head of Tesla’s board of directors. He is “the favourite” to replace Elon Musk, who currently serves as both board chairman and chief executive, the Financial Times has reported. Mr Musk agreed to give up the chairmanship last month to resolve claims of fraud brought by US financial regulators. The settlement requires Tesla to install an independent chairman, among other penalties. It is intended to create more oversight of Mr…

Read More
Sports 

NBA Board approves rules changes

Three rules changes were approved by the NBA Board of Governors on Friday. FILE PHOTO: Apr 21, 2018; Salt Lake City, UT, USA; Utah Jazz center Rudy Gobert (27) grabs an offensive rebound during the third quarter against the Oklahoma City Thunder in game three of the first round of the 2018 NBA Playoffs at Vivint Smart Home Arena. Mandatory Credit: Chris Nicoll-USA TODAY Sports/File Photo The NBA announced adjustments, unanimously recommended by the league’s competition committee, were unanimously approved. Beginning with the 2018 NBA pre season, the shot clock…

Read More
Technology 

Exclusive: Qualcomm prepares to add new board directors – sources

(Reuters) – Qualcomm Inc is preparing to add at least two new directors to its board, people familiar with the matter told Reuters, as the U.S. smartphone chip maker looks to appease shareholders who withheld voting support for its board last March. FILE PHOTO – A booth of U.S. chipmaker Qualcomm is pictured at an expo in Beijing, China, September 27, 2017. Picture taken September 27, 2017. REUTERS/Stringer Qualcomm has been forced to defend its track record this year after upsetting some investors by rebuffing a $120 billion takeover bid…

Read More
Sports 

U.S. Olympic Committee board chair Probst to step down

(Reuters) – U.S. Olympic Committee Board Chair Larry Probst will step down at the end of the year and be replaced by board member Susanne Lyons, who until recently was the acting CEO, USOC said on Monday U.S. Olympic Committee chairman Larry Probst speaks at a news conference in Boston, Massachusetts January 9, 2015. REUTERS/Brian Snyder Probst, 68, was first elected chair in October 2008 and recently oversaw the opening of the U.S. Center for SafeSport, an independent entity that aims to help the sports community to respond to incidents…

Read More