Oracle Corp. ORCL, -2.68% is close to a deal to acquire electronic-medical-records company Cerner Corp. CERN, +12.93% for more than $30 billion in cash, the Wall Street Journal reported Monday, citing people familiar with the matter. The deal is expected to be announced later Monday and will value Cerner at $95 a share. The stock closed Friday at $89.77. Cerner shares were up 1.3% premarket while Oracle was down 0.5%.
China’s consumer and factory data miss expectations in July
Employees working on an air-conditioner production line at a Midea factory in Guangzhou, China. Jade Gao | AFP | Getty...
