NXP Semiconductors to Sell RF Power to a Chinese Firm for $1.8
Billion
Dutch semiconductor manufacturer NXP Semiconductors NV (NXPI)
said Thursday it agreed to sell its RF Power business to Jianguang
Asset Management Co. for $1.8 billion.
FIFA Faces Mounting Pressure From Sponsors
The day after FIFA was plunged into crisis by a sprawling
corruption scandal, soccer's world governing body awoke to mounting
pressure from some of its largest sponsors.
Airbus Mulls Jetliner Production Boost
Airbus is thinking of further increasing its output of the
popular A320 single-aisle jetliner by as much as 26% to more than
60 a month.
Alibaba Strengthens Next-Day Delivery Services
Alibaba is ramping up efforts to provide next-day delivery
services to more Chinese cities.
Hong Kong Regulator Investigating Hanergy
Hong Kong's market regulator said it is investigating Chinese
solar firm Hanergy-after the company's chairman told Chinese media
that a probe was "purely rumor."
Sunac Drops Kaisa Takeover Plan
China's Sunac said it is terminating its takeover attempt of
Kaisa Group, a struggling property developer that defaulted on its
loans and bond payments earlier this year.
J.P. Morgan Sees Losing Some Business Due to FX Guilty Plea
J.P. Morgan Chief James Dimon said the bank's recent foreign
exchange guilty plea didn't cripple the bank, but it was a scary
outcome that will probably cost it some business.
Broadcom in $35 Billion Merger Talks
Chip maker Broadcom is in advanced talks to be bought by rival
Avago Technologies in a deal worth more than $35 billion, the
latest in a recent string of mergers in the semiconductor
industry.
Apollo to Buy Minority Stake in CH2M Hill
Apollo Global Management has agreed to buy a minority stake in
CH2M Hill, a deal that values the global engineering services
company at roughly $2 billion.
Costco Wholesale Profit Up
Costco Wholesale's third-quarter profit rose as the company
continues to benefit from low gas prices, strong store sales and
membership fees.
Google's Search for Platforms on Display
Google this week will make a renewed push for developers to work
with Android for wearable devices, Internet-connected TVs, cars and
virtual reality at its I/O conference.
Semtech Results Hurt by Smartphone Customer Demand
Semtech Corp. said demand from its largest smartphone customer
was much lower than expected in the April quarter, and it projected
results below Wall Street views for the current quarter.
FDA Clears Two Irritable Bowel Syndrome Treatments
The U.S. Food and Drug Administration has cleared two treatments
for irritable bowel syndrome with diarrhea, approving drugs that
are both linked to recent merger activity in the sector.
Chevron Sells Stake in New Zealand Refinery
Chevron raised more than $59 million through the sale of its
around 11% interest in Refining NZ.