US STOCKS-S&P 500, Dow dip ahead of earnings, inflation data Reuters 1 hr ago By David French
(For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window.)
Popular Searches Alibaba shrugs off $2.75 bln antitrust fine, shares jump Big bank earnings to kick off from Wednesday Indexes down: Dow 0.3%, S&P 0.12%, Nasdaq 0.39% (Adds comment, details; updates prices)
By David French
April 12 (Reuters) - The S&P 500 and Dow Jones industrial average dipped below record levels on Monday as investors paused ahead of the start of the corporate reporting season and a key inflation report later this week.
It has been reported this week by Bloomberg that Microsoft is currently in negotiations to purchase Nuance Communications for $16 billion, following on
Read more about S&P 500, Dow ease from record levels; earnings, data in focus on Business Standard. The S&P 500 technology sector fell the most among the 11 major S&P 500 sectors
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Microsoft to purchase AI giant Nuance for $19.7 billion Sean Endicott
What you need to know
Microsoft officially announced plans to purchase artificial intelligence and speech technology Nuance Communications.
The deal is worth $19.7 billion, which makes it one of Microsoft s largest purchases to date.
Nuance played a major role in the making of Apple s Siri.
Updated April 12, 2021: Microsoft officially announced an agreement to purchase Nuance for $19.7. This deal was suspected leading up to the official announcemment but has now been confirmed by Microsoft. The article has been updated accordingly.
Microsoft officially announced an agreement to purchase Nuance Communications Inc., an artificial intelligence and speech technology company. Before the official announcement, reports about the discussions between Microsoft and Nuance were reported by Bloomberg. The deal is worth $19.7, which is higher than suspected before the deal was officially announced. At $1