Bloomberg Exxon Mobil Corp. is set to invest $50 billion over the next half decade in a return to the oil giant’s spending habits before crude suffered its worst price rout in a generation. With oil prices now hovering above $65 a barrel in New York, Exxon Chief Executive Officer Darren Woods disclosed a program that includes the Permian Basin ...

Bloomberg SAP SE Chief Executive Officer Bill McDermott has backed US President Donald Trump’s tax plan, and revealed a $2.4 billion deal for Callidus Software Inc., its biggest acquisition in more than three years. SAP said it will pay $36 a share for Dublin, California-based Callidus, known as CallidusCloud, to give Europe’s biggest software company access to new sales analytic ...

Bloomberg Varian Medical Systems Inc. agreed to buy Australia’s Sirtex Medical Ltd. for about $1.3 billion in a bid by the US company to add radiation medicine to its portfolio for cancer treatments. Sirtex investors will receive A$28 in cash for each share, Palo-Alto, California-based Varian said in a statement. That’s 49 percent higher than the stock’s latest closing price ...