Month: February 2020

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Intel Is in Talks to Sell Connectivity Unit to MaxLinear

February 18, 2020 admin Comments Off on Intel Is in Talks to Sell Connectivity Unit to MaxLinear

(Bloomberg) — Intel Corp. is in talks to sell a unit that makes chips for home internet access gear to MaxLinear Inc., according to people familiar with the matter.No final decision has been made and Intel could keep the connected home division, the people said, asking not to be named because the matter is private. It’s not clear how much the potential deal is worth.A representative for Santa Clara, California-based Intel declined to comment. MaxLinear didn’t respond to requests for comment.Intel, the world’s largest chipmaker, is looking at reducing its footprint in areas where it isn’t competitive, Chief Executive Officer …read more […]

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Berkshire Wades Into ETF Market With Two Newly Disclosed Bets

February 18, 2020 admin Comments Off on Berkshire Wades Into ETF Market With Two Newly Disclosed Bets

(Bloomberg) — Legendary investor Warren Buffett’s Berkshire Hathaway Inc. just gave its blessing to the $4.6 trillion exchange-traded fund market — at least in one of its pension plans.Berkshire added to the Vanguard S&P 500 ETF, ticker VOO, and SPDR S&P 500 ETF Trust, known as SPY, in the final quarter of 2019, according to a regulatory filing. The relatively small investments, which totaled $25 million across both funds, are Berkshire’s only publicly disclosed ETF holdings in its most recent quarterly 13F filing. The investments are in a pension plan, according to Buffett’s assistant, Debbie Bosanek.Buffett, whose Berkshire holds a …read more […]

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Alstom, Bombardier shares fall after $6.7 billion rail deal

February 18, 2020 admin Comments Off on Alstom, Bombardier shares fall after $6.7 billion rail deal

PARIS/MONTREAL (Reuters) – Shares of Alstom SA and Bombardier Inc fell on Tuesday after the French firm agreed to buy its Canadian rival’s rail division for up to 6.2 billion euros ($6.7 billion), a deal likely to draw scrutiny from competition regulators and unions concerned about job cuts. The cash and shares deal, announced Monday, will make the combined entity the world’s second-biggest train maker after China’s state-owned CRRC Corp. It is the latest attempt by Western rail firms to try to build scale as they try to compete effectively with CRRC. Bombardier shares were down 8.2% …read more […]