Dell Technologies Inc.’s raised bid for its tracking-stock stepchild is so complicated it just might work. The technology giant is now offering $120 per share, or $23.9 billion, to buy out holders of the DVMT stock that was created to fund Dell’s 2016 buyout of EMC Corp. and was meant to reflect the value of that company’s stake in VMware ...

An institution with money-printing powers should have no difficulty keeping the lights on. But could it continue to act effectively after depleting its net worth? Former Bank of England policymaker Willem Buiter posed that question in early 2008, and it’s currently the biggest challenge facing his long-time research collaborator Urjit Patel, the Reserve Bank of India (RBI) governor. Under pressure ...

Bloomberg In the middle of UBS Group AG’s six-week tax trial in Paris, Presiding Judge Christine Mee’s tone changed. And that may have given a sign of what the bank can expect in a case that could cost it as much as $6 billion. The hearings, which have ended, started well for the Zurich-based bank. A team of 20 high-powered ...