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Shares of Zendesk Inc. rose in Tuesday’s extended session after the company said it bought France’s We Are Cloud SAS, maker of BIME analytics software, for $45 million. “Data is the new currency in business and customer relationships. With BIME analytics, we’ll be able to build even deeper data and analytics capabilities across our portfolio of products,” said Zendesk in a statement. While BIME analytics will be integrated into Zendesk’s data platform, it will also be sold and supported as a separate product. Shares of Zendesk climbed 3.6% in after-hours trading. Zendesk, a cloud-based software company, went public in May 2014.

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Greif Inc. said late Tuesday that David Fischer will step down as president and chief executive effective Nov. 1. The industrial packing company said Pete Watson will suceeed Fischer at that time. Fischer will also remain with the company until the end of the year to help with the transition process, the company said.

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Shares of SanDisk Corp. jumped nearly 13% in late trading Tuesday after a report saying the Silicon Valley flash-memory chip maker has hired a bank to explore its potential sale. Micron Technology Inc. and Western Digital Corp. are in talks with SanDisk about a possible acquisition, said Bloomberg, citing anonymous sources. No decision has been made, the sources told Bloomberg. SanDisk shares ended Tuesday down 1.7%. SanDisk has lagged in recent months amid product-qualification delays and lower-than-expected sales.

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Renaissance Technologies LLC will be closing down one of its underperforming hedge funds, The Wall Street Journal reported Tuesday. The quant hedge fund firm said it will close its $1 billion Institutional Futures Fund by the end of the month, according to the Journal. The closing of the fund comes on the heels of reports of other hedge fund closures by Bain Capital and Fortress Investment Group .

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Dollar General Corp. will cut 255 jobs as part of a corporate restructuring, effective immediately, according to a release. About 115 of the eliminated positions are vacant. None of the positions are at the store level. The company projects a $7 million pre-tax cash expense for the third quarter of 2015 related to one-time severance-related expenses associated with the restructuring. Dollar General stock is down 15% for the past three months. The S&P is down 4.6% for the same period.

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Staples Inc. said late Tuesday its board approved a plan to limit severance packages for senior executives. The office supply retailer said it will not pay severance benefits under existing or future employment agreements that exceed more than three times an executive’s base salary and bonuses, unless approved by shareholders. Staples shares were unchanged at $12.03 after hours.

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Cepheid shares dropped in the extended session Tuesday after the medical-device company provided preliminary earnings results below projections. The company said it expects to report a loss of 32 cents a share on revenue of $126.5 million, with an adjusted loss of 13 cents a share. Cepheid had previously forecast a per-share loss between 28 cents and 30 cents, and analysts polled by Factset expected the company to report adjusted losses of 5 cents a share. Cepheid also dropped its fourth-quarter and full-year revenue forecasts, and said it would update earnings projections when it fully reports earnings on Oct. 20. The company said lower-than-expected gross margin caused the shortfall, and Chief Executive John Bishop said the company sold more lower-margin devices than expected. Cepheid shares fell more than 16% in late trading after closing with a 8.6% decline at $39.61.

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WASHINGTON (MarketWatch) — Federal Reserve Gov. Daniel Tarullo said he doesn’t expect conditions to be appropriate to raise interest rates this year, in the second departure on the Fed’s Board of Governors from the stance of Fed Chairwoman Janet Yellen and Fed Vice Chairman Stanley Fischer this week. In an interview with CNBC, Tarullo said it would be better to look for tangible signs of rising inflation and improving wages, than to rely on historical relationships like the Phillips Curve that link declining unemployment to future rises in inflation.

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Oil production from the Organization of the Petroleum Exporting Countries fell by 60,000 barrels per day in September from a month earlier, to 31.2 million barrels per day, according to a Platts survey released Tuesday. Platts said Saudi Arabia was the only OPEC member to reduce supply last month, cutting back to 10.26 million barrels a day from 10.4 million barrels a day in August. Margaret McQuaile, senior correspondent for Platts, said that all signals “seem to point to yet another rollover of the current output ceiling in December.” The output ceiling stands at 30 million barrels a day. November crude was down 24 cents at $46.86 on the New York Mercantile Exchange.

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A Reno Gazette-Journal photographer was arrested Friday after an altercation with Tesla Motors Inc. security guards at the company’s battery factory grounds outside Reno, Nev. According to Tesla, security personnel at the “gigafactory” located two trespassers around noon Friday, and they denied that they were trespassing “even though they had climbed through a fence designated with ‘private property’ signs.” They were later identified as Reno Gazette-Journal employees, Tesla said. The Reno Gazette-Journal employees tried to flee the scene after learning that Storey County sheriff’s deputies were en route, and in the process hit two Tesla security employees with the Jeep in which they were traveling, the company said. Once deputies arrived at the scene, they arrested one of the Reno Gazette-Journal employees for two counts of felony assault with a deadly weapon and advised that both employees will be charged with trespassing, Tesla said. The Reno Gazette-Journal identified the employee arrested as photographer Andy Barron, and said it was taking the incident “very seriously.”

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