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Intel acquires small chipmaker to bolster efforts beyond CPUs
Intel Corp said on Thursday that it plans to acquire eASIC, a small chipmaker that will help further Intel’s efforts to diversify away from CPU chips.
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Intel acquires small chipmaker to bolster efforts beyond CPUs
Intel Corp said on Thursday that it plans to acquire eASIC, a small chipmaker that will help further Intel’s efforts to diversify away from CPU chips. Intel did not disclose terms of the deal for eASIC, which is based in Intel’s hometown of Santa Clara, California. An Intel spokeswoman said the price was “not material,” but that about 120 people would join Intel’s so-called programmable solutions group as a result. …read more […]
Business News
U.S. senators want ban on China’s ZTE, despite Trump action
Republican and Democratic U.S. senators said on Thursday they want the government to reinstate penalties on ZTE Corp, despite a Trump administration agreement paving the way for an end of a ban on the Chinese telecommunications company.
Business News
Broadcom’s ambitious deal history under CEO Hock Tan
Broadcom Ltd made an $18.9 billion bid for software firm CA Inc on Wednesday, the latest in the company’s acquisition spree aimed at diversifying beyond semiconductors.
Business News
German state premier opposes breakup of Thyssenkrupp
The premier of the German state where Thyssenkrupp is based on Thursday backed the company’s chairman in opposing a breakup of the industrial conglomerate following the resignation of CEO Heinrich Hiesinger.
Business News
EU unconditionally approves Ryanair purchase of LaudaMotion
The European Commission said on Thursday that it had approved Ryanair’s planned acquisition of LaudaMotion without conditions.
Business News
P&G says Canada denies tariff exemptions, many products hit
Many Procter & Gamble Co products sold in Canada – from Febreze candles to Gillette shaving foam – will be affected by retaliatory tariffs on U.S.-made goods after Canadian authorities rejected a request for exemptions, a P&G spokesman said on Wednesday.
Business News
U.S. DoJ will not challenge Aetna-CVS deal – report
Shares of CVS Health Corp and health insurer Aetna Inc rose more than 2 percent on Thursday after CNBC reported that the U.S. Justice Department will not challenge their planned merger.
Business News
Fed’s escape from crisis holdings could hit dead end
Not long ago the Federal Reserve expected to quietly shed nearly half of its $4.5-trillion portfolio by around 2022, leaving little trace of the extraordinary steps it took to face down the financial crisis. But an unexpected market kink could force the Fed to scrap the plan two or three years early and permanently leave it holding $1 trillion more than it wanted.
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Why Shares of Papa John's International Jumped Today
The founder is leaving the company after the latest controversy. …read more […]
Business News
Trade war may steer tax cuts’ windfall to even more buybacks
The escalating trade war between the United States and China may prompt U.S. companies to shift money they had earmarked for capital expenditures into stock buybacks instead, pushing record levels of corporate share repurchases even higher.
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U.S. would re-open trade talks if China makes major changes: Mnuchin
The United States and China could reopen talks on trade but only if Beijing is willing to make significant changes, U.S. Treasury Secretary Steven Mnuchin said on Thursday.
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Shares of L Brands Drop 10% After Sales Data Fails to Impress
Although L Brands’ comparable sales increased in the five weeks ended July 7, it was a slow down from May’s results. …read more […]
Business News
House Speaker casts doubt on Congress acting to stop trade tariffs
U.S. House Speaker Paul Ryan said on Thursday that while he does not support President Donald Trump’s moves to impose tariffs on major U.S. trading partners’ goods, he questioned the wisdom of Congress taking legislative action to stop such sanctions.
Business News
Exclusive: Linde and Praxair to win EU antitrust nod for $83 billion deal – sources
Linde and Praxair will win approval regulatory clearance for their planned $83 billion merger after pledging to sell Praxair’s assets to boost a Japanese rival in Europe, two people familiar with the matter said on Thursday.