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Stock Market & Financial Investment News

News Breaks
July 2, 2014
14:44 EDTRAXTechCrunch updates Rackspace story, says source unconfirmed
TechCrunch updated its earlier story on Rackspace (RAX), saying: "We’ve tried to make clear that we’re reporting an unconfirmed source here, but an interesting angle nonetheless. Dealreporter has taken that one step further and published a note with a far more skeptical view of the idea that Rackspace could potentially be taken private. It says it received a note with some similar wording and disputed the veracity of the source." TechCrunch earlier today reported that Rackspace is looking to take itself private. Shares of Rackspace are off their highs, but remain up 6% to $35.72
News For RAX From The Last 14 Days
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February 12, 2016
06:52 EDTRAXRackspace volatility elevated into Q4 and outlook
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February 11, 2016
10:33 EDTRAXRackspace announces private cloud powered by Red Hat
Rackspace (RAX) announced the release of Rackspace Private Cloud powered by Red Hat (RHT), which delivers OpenStack private clouds as-a-service using the Red Hat Enterprise Linux OpenStack Platform. The new offering expands the Rackspace OpenStack-as-a-Service product portfolio, further extending the company's strategy to deliver the most reliable and easy-to-use OpenStack private and hybrid clouds in the world. "As the leading operator of OpenStack clouds with the most comprehensive OpenStack product portfolio in the industry, Rackspace is excited to expand our managed services and expertise to the Red Hat Enterprise Linux OpenStack Platform," said Darrin Hanson, vice president and general manager of OpenStack Private Cloud at Rackspace. "We help make OpenStack simple by eliminating the complexity and delivering it as-a-service to customers in their data center, a Rackspace data center or in a colocation facility."

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