Dell is in talks to buy EMC (EMC) and if it happens it would be one of the largest tech deals of all time. Reuters reported that Dell was in talks with banks about raising debt financing for an all-cash offer for EMC, which had a market cap of $50 billion as of Wednesday’s close. Analysts say Dell would buy EMC as PC sales slow and to expand its cloud business. The UAW reached a tentative deal with Fiat Chrysler (FCAU) on a new contract. The agreement was announced minutes after the midnight deadline. The 4 year contract must be ratified by a vote by Fiat Chrysler’s 40,000 union workers in the United States. The UAW Chrysler Council will meet in Detroit tomorrow to discuss and vote on the agreement. Blackstone Group is buying BioMed Realty (BMR) for $8 billion. Blackstone says it believes BioMed’s high quality real estate in the life sciences industry is poised for growth. Alcoa kicks off the 3rd quarter earnings season after the close today.
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