July 26, 2018

Qualcomm’s $44 billion NXP offer deadline passes, no word from China

The deadline for Qualcomm Inc to buy NXP Semiconductors passed at midnight U.S. eastern time without any word on Chinese regulatory approval, likely shutting the door […]
July 26, 2018

Trump relents on EU car tariffs, as U.S.-China fight derails Qualcomm deal

In what the EU chief called a “major concession,” U.S. President Donald Trump agreed on Wednesday to refrain from imposing car tariffs while the two sides […]
July 26, 2018

German industry warns U.S. auto tariffs not completely off table yet

A top German industry group gave a cautious welcome to solutions proposed by U.S. President Donald Trump and European Commission President Jean-Claude Juncker to avert a […]
July 26, 2018

Asian stocks creep higher, but weak growth worry caps gains

Asian stocks inched higher on Thursday as the United States and Europe agreed to negotiations to ease barriers on trade, but ongoing concerns about the outlook […]
July 26, 2018

China’s Pinduoduo prices U.S. IPO at top of range, raises $1.6 billion: sources

HONG KONG (Reuters/IFR) – Chinese online group discounter Pinduoduo Inc priced its U.S. initial public offering (IPO) at $19 per American depositary share (ADS), raising $1.63 […]
July 25, 2018

Qualcomm investors cheer end of NXP deal doomed by China-U.S. tensions

Qualcomm Inc , the world’s biggest maker of chips for mobile phones, said on Wednesday it would drop its $44 billion bid for NXP Semiconductors after […]
July 25, 2018

PayPal quarterly profit beats estimates; forecast falls short

PayPal Holdings Inc on Wednesday reported a second-quarter profit that beat analysts’ estimates, but its forecast for third-quarter revenue came up short. Powered by WPeMatico
July 25, 2018

Facebook stock falls 24 percent on forecast for slowing growth, rising expenses

Facebook Inc’s stock fell as much as 24 percent after hours on Wednesday over concerns about the impact of privacy issues on the social media company’s […]
July 25, 2018

AMD’s second-quarter revenue rises 53 percent

Chipmaker Advanced Micro Devices Inc’s quarterly revenue rose 53 percent on Wednesday, as a rare surge in demand for personal computers boosted sales of its processors […]
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