Salesforce shares jump as strong cloud demand drives stellar results
By Chibuike Oguh NEW YORK (Reuters) – Salesforce Inc’s stock jumped by about 10% on Thursday to a nearly two-year high after the U.S. cloud and business software company reported stellar third…
Activists back off Salesforce after share price recovery
By Svea Herbst-Bayliss NEW YORK (Reuters) – Salesforce Inc was heavily criticized by several activist investors in early 2023 but by the end of June, after results came in better than expected…
Salesforce hires activist lawyer from Wachtell, Lipton as legal chief
(Reuters) – Salesforce appointed Wachtell, Lipton’s Sabastian Niles as its chief legal officer on Monday, months after the leading activist lawyer helped defend the business software provider against several hedge funds that…
Salesforce to add ChatGPT to Slack as part of OpenAI partnership
(Reuters) – Salesforce Inc said on Tuesday it was working with ChatGPT creator OpenAI to add the chatbot sensation to its collaboration software Slack, as well as bring generative artificial intelligence to…
Third Point owns Salesforce stake, talks Bath & Body Works changes
By Svea Herbst-Bayliss NEW YORK (Reuters) – Hedge fund Third Point LLC owns a stake in Salesforce Inc at the same time the software company is facing pressure from four activist investment…
Activist Elliott to nominate directors at Salesforce -sources
By Svea Herbst-Bayliss NEW YORK (Reuters) – Elliott Management Corp, the activist investment firm that recently made a multimillion-dollar investment in Salesforce, plans to nominate several director candidates at the cloud-based software…
‘Do That Right Now’: Salesforce CEO Demands Commitment To ‘Net Zero’ Emissions
‘Do That Right Now’: Salesforce CEO Demands Commitment To ‘Net Zero’ Emissions Harold Hutchison on January 18, 2023 Salesforce CEO Marc Benioff said Wednesday that there needed to be an international commitment…
Walmart partners with Salesforce to offer GoLocal services to its retail clients
By Siddharth Cavale NEW YORK (Reuters) – Walmart Inc on Thursday said it has entered into a partnership with software giant Salesforce to provide its retail customers with store pickup and delivery…
Salesforce shares jump on report that Starboard has taken a stake
(Reuters) – Starboard Value LP has taken a stake in Salesforce Inc, CNBC reported, citing the activist investment firm’s founder Jeff Smith. Shares of the software firm, which fell about 42% this…
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