Apple Inc is buying the power-management technology at the heart of its iPhones in a $600 million deal with Dialog Semiconductor that also secures the German-listed company’s role as a supplier to the U.S. tech giant.
European stocks slumped to a more than an 18-month low on Thursday after Wall Street’s worst losses in eight months triggered a surge of global selling that knocked over Asia too.
Germany’s BMW said it will take control of its main China joint venture for 3.6 billion euros ($4.2 billion), the first such move by a global carmaker as Beijing starts to relax ownership rules for the world’s biggest auto market.
China’s top auto dealers’ association has asked the government to halve taxes on car purchases to revive faltering sales, sources said, as worries grow the country’s auto market could shrink this year for the first time in decades.
Steinhoff’s shares fell more than 9 percent on Thursday to a near two-month low after a global market rout and a report by Bloomberg saying the retailer’s former CEO advised friends to sell the firm’s stock days before the shares collapsed.
Steinhoff’s shares fell more than 9 percent on Thursday to a near two-month low after Bloomberg reported that the retailer’s former CEO advised friends to sell the firm’s stock days before the shares collapsed.
Ministers from Chancellor Angela Merkel’s conservatives attacked on Thursday a proposal by the Social Democrats to fine carmakers who fail to offer diesel hardware retrofits, opening a new battle front in their fragile coalition government.
Britain’s Competition and Markets Authority (CMA) said it would investigate British Airways’ revenue-sharing partnership on trans-Atlantic routes ahead of the 2020 expiry of a previous competition deal agreed with the airlines.
Apple Inc has agreed to buy a portion of chip supplier Dialog Semiconductor Plc’s business in a $600 million deal, the two companies said Thursday, expanding the iPhone maker’s chip operations in Europe.
Share markets in Asia plunged to a 19-month low on Thursday after Wall Street’s worst losses in eight months led to broader risk aversion, a rise in market volatility gauges and concerns over overvalued stock markets in an environment of rapidly rising dollar yields.
Dialog Semiconductor has struck a $600 million deal with Apple to license its power management technologies and transfer some of its assets and 300 R&D staff to the U.S. technology firm.
German Economy Minister Peter Altmaier said on Thursday the government could run the risk of breaking the law if it imposed fines on carmakers who fail to offer diesel hardware retrofits.
Tired of being cast as the poster child for big banks behaving badly, Wells Fargo & Co has been expanding its presence in the nation’s capital to convince lawmakers it has changed and talking up its charitable work in their districts.
Sears Holdings Corp has started to miss payments to vendors, adding to concerns about its future after sources said on Wednesday that the U.S. department store operator was preparing to file for bankruptcy in the coming days.
JPMorgan Chase & Co and Bank of America Corp have placed the jobs of chairman and chief executive in the hands of one person, and now No. 3 Citigroup Inc must decide whether to follow suit.
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