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Bloomberg Cisco Systems Inc. agreed to buy BroadSoft Inc. for about $1.9 billion to expand further into software and cloud services. The $55-a-share cash offer announced on Monday is a 28 percent premium over BroadSoft’s closing price on August 29, a day before Reuters reported that the Gaithersburg, Maryland-based company was working with bankers to pursue a possible sale. The ...

Bloomberg President Emmanuel Macron’s government wants to change French culture to make the population less instinctively hostile to private enterprise. “I’m struck by the difference of the reality of life in companies and the way they are perceived in public discourse—especially by politicians,” Stanislas Guerini, a lawmaker in Macron’s Republic En Marche party, said. “There is often a black and ...

Bloomberg Drivers of the most polluting diesel vehicles will pay a charge to enter central London starting from Monday in the latest attempt by the city’s mayor to crack down on air pollution. The 10-pound ($13) T-Charge targets older, more polluting vehicles that are causing London to have some of the worst air in Europe. Almost 8 million people live ...

Bloomberg The UK government is boosting its push to promote electric and driverless cars with a draft law requiring gasoline retailers across the country to install more charging points. The provisions are included in the Automated and Electric Vehicles Bill, which is scheduled to be debated in Parliament for the first time on Monday after being published last week. It’s ...

Bloomberg The way Tina Huang tells it, the path to her resignation from Twitter Inc. was a Kafkaesque experience. She said she was denied a promotion, led to believe her coding skills were inferior, asked to take a leave of absence, and scolded for taking that leave. Two years ago, she sued, contending that the company systematically thwarts the advancement ...

Kevin Hassett evidently has not received the memo that economics is ‘the dismal science.’ The ebullient chairman of the president’s Council of Economic Advisers is relishing the intellectual feast of applying to policymaking the predictive tools of a science that was blindsided by the Great Recession. Economists, like other scientists, learn things even when — actually, especially when — they ...

Poor Guangzhou R&F Properties Co. China’s third-most-indebted developer, already burdened by its acquisition of Dalian Wanda Group Co.’s hotel portfolio, has once again had to push back its A-share listing, just as more evidence emerges the government’s real-estate-cooling measures are starting to bite. R&F said on Sunday its planned float of shares in China, mooted as far back as May ...

High stock prices. It’s a chief reason voters gave for coming out again in favor of Shinzo Abe, who cinched another term as Japan’s prime minister on Sunday. Watching Japan’s stock market tick up to its highest level in two decades is a bit like watching the ‘likes’ accumulate from your so-called friends on a popular Facebook post. Affirmation tends ...

By nearly any measure, Facebook Inc. is an extraordinary success. Its market capitalization exceeds $500 billion. Its user base outnumbers all but one continent. Mark Zuckerberg, its chief executive officer, is one of the world’s wealthiest people. No one should begrudge Facebook (or Zuckerberg) this success. Yet as it begins to play a more central role in American media and ...

For most Indians, the festival of Diwali is well worth the wait. Houses are brightly lit, boxes of sweets are exchanged—and accounts for the year are closed. The Hindu festival of lights also heralds the beginning of winter, the few months when the baked northern plains of the subcontinent become marginally more liveable. Except in India’s giant capital. Here in ...