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a bad habit for good readers

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Stoneslide News Aggregator

MONDAY, OCTOBER 12, 2015

In business news, computer maker Dell is buying the computer storage developer EMC for about $67 billion in a cash and stock deal. “Our new company will be exceptionally well-positioned for growth in the most strategic areas of next-generation IT,” said CEO Michael Dell. In other transactions, Exxon Mobil is buying the pipeline business of Koch Industries in a pure politician swap, in which Exxon Mobil will send two wholly owned members of the Senate Committee on Energy and Natural Resources to Koch. Goldman Sachs is buying several regional banks in what is widely seen as a move to improve its lobbyist/legislature ratio, a key measure of financial stability under Dodd-Frank regulations. “It’s not enough in today’s markets to be too big to fail,” said Goldman CEO Lloyd Blankfein. “You have to have a political strategy that ensures politicians at every level are dependent on your free meals, ticket comps, and promises of future employment. We see this move as critical insurance that will improve investor confidence in our firm.”


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