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  • Wisconsin Legislature approves $3B incentive for Foxconn
    Associated Press11 days ago

    Wisconsin Legislature approves $3B incentive for Foxconn

    MADISON, Wis. (AP) — The Wisconsin Assembly sent a $3 billion incentive package for Taiwan-based Foxconn to Gov. Scott Walker on Thursday, signing off on a deal to lure the electronics giant to the state with the biggest subsidy to a foreign company in U.S. history.

  • American City Business Journals3 months ago

    Former EMC chief Joe Tucci now a special advisor at venture capital firm

    Joe Tucci, the former CEO and chairman of Hopkinton-based EMC Corp., is now a special advisor to 83North, a venture capital firm focused on Israel and Europe, the firm announced Monday. Tucci said he'll be advising the firm's portfolio companies, which include Waltham-based Actifio Inc. and Boston-based Zerto Inc. Gil Goren, a managing partner at 83North, was a long-time executive at EMC under Tucci.

  • American City Business Journals4 months ago

    Dell reports significant PC growth in Q1, but debt on rise

    Dell Technologies Inc. reported Thursday strong sales from its personal computer division while it continued to rack up debt in the wake of its 2016 acquisition of EMC Corp. The Round Rock company, which is the Austin area's largest private employer, reported a net loss of $1.3 billion, or $2.57 a share, on revenue of $17.8 billion for the three months ended May 5, compared with a profit of $55 million on revenue of $12.2 billion a year earlier. Sales from Dell's Client Solutions Group, which encompasses its personal computer division, grew 6 percent to $9.1 billion and accounts for 50 percent of total revenue.