Nine things you might have missed Monday from the world of business - Boston Globe

VMware CEO says buying parent EMC isn’t a serious idea SEATTLE — VMware Inc. ’s chief executive, Pat Gelsinger, says the idea of VMware acquiring its parent company, EMC Corp. -based EMC is looking at options for boosting its share price under pressure from activist investor Elliott Management Corp. A standstill agreement between EMC and Elliott ends Tuesday, and EMC chief executive Joe Tucci is due to retire, having initially said he would do so by February. Gelsinger voiced support for EMC’s current “federation” structure, in which EMC owns the majority of several interlocking companies such as VMware and Pivotal, which sells cloud software. Massachusetts’ average gas price fell six cents per gallon last week, to $2. 34. AAA Northeast said prices have continued to slump as the peak driving season winds down and oil prices reach new lows. The price of a gallon is $1. 10 cheaper than a year ago and 13 cents below the national average, the auto club said. Travelers “will benefit from the lowest end-of-summer prices at the pump in a decade,” said Mary Maguire, AAA Northeast spokeswoman. Record domestic oil production and weak economies abroad have kept oil prices down. The auto club forecast that low gas prices and a stronger US economy would drive more Americans to hit the road between Sept. BJ’s names new president, COO Christopher J. Baldwin has been named president and chief operating. Source: www.bostonglobe.com