U.S. stocks closed sharply lower on Tuesday, with technology and biotechnology stocks leading the losses. The Dow Jones Industrial Average dropped 142.33 points, or 0.79%, to 17,928.07. The S&P 500 lost 25.03 points, or 1.18%, to 2,089.46. The Nasdaq Composite shed 77.60 points, or 1.55%, to 4,939.33.
Cloud computing company Salesforce.com may have found a big tech name interested in an acquisition. According to Bloomberg, Microsoft is considering a bid for Salesforce.com, one week following a report the company was fielding bids for a potential.
Internet video service Netflix is telling the Federal Communication that it should reject AT&T’s purchase of satellite TV company DirecTV unless some changes are made.
Video game publisher Electronic Arts Inc (EA.O), known for titles such as “FIFA” and “Madden NFL”, posted a 5.5 percent rise in quarterly revenue. EA’s net income rose to $395 million, or $1.19 per share, for the fourth quarter ended March 31, from $367 million, or $1.15 per share, a year earlier.
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