Japan’s Renesas to buy U.S. chipmaker IDT for $6.7 billion
Japanese chipmaker Renesas Electronics Corp said on Tuesday it had agreed to buy U.S. peer Integrated Device Technology Inc for about $6.7 billion, aiming to boost its expertise in self-driving car technologies.
Asia shares relieved by trade lull, sterling up on Brexit deal hopes
Asian shares were struggling to snap an eight-session losing streak on Tuesday as investors decided no news was good news on tariffs, while the pound touched a five-week top on hints a Brexit deal might be nearer.
China’s steel heartland tests mills’ mettle with new smog-busting plan
“Push the steel mills out of the city center and turn it into a modern, habitable place to live in,” reads a banner hung across the boarded-up offices of Guofeng Iron and Steel Co in the center of Tangshan, China’s top steelmaking city.
Fuel shippers ask FERC to expedite hearing on Colonial Pipeline rates
Chevron Corp , Valero Energy Corp and Delta Air Lines Inc have urged U.S. regulators to expedite a hearing on the fee structure of the largest fuel pipeline in the United States that they allege is costing them millions of dollars.
Boeing calling back retirees to fix 737 production snags
Boeing Co is bringing retired workers back on the job as the world’s largest planemaker tries to fix delays at its 737 jetliner plant outside Seattle, a union official told Reuters on Monday.
Oil steadies as U.S. inventory concerns curb gains
Oil prices were mixed on Monday, pulling back from an early rally after data suggested U.S. crude inventories might build, weighing on the market.
Ryanair’s German pilots to strike on Wednesday
German pilots’ union Vereinigung Cockpit (VC) on Monday called a 24-hour strike affecting all Ryanair flights out of Germany on Wednesday to push its demands in talks with the Irish carrier on wages and work conditions.
Julie Chen, wife of departed CBS CEO, takes time off from ‘The Talk’
TV host Julie Chen, the wife of former CBS Corp Chief Executive Leslie Moonves, said on Monday she was taking a few days off from daytime show “The Talk” to spend time with her family.
S&P, Nasdaq edge higher after recent losses but Apple drags
U.S. stocks mostly edged higher on Monday, with the S&P 500 and Nasdaq rebounding to snap a four-day losing streak, although a drop in Apple kept gains in check.
U.S. approves possible $3.1 billion sale of E-2D Hawkeye aircraft to Japan
The U.S. State Department has approved the possible sale to Japan of up to nine E-2D Advanced Hawkeye Airborne Early Warning and Control aircraft for an estimated cost of $3.135 billion, the Pentagon said on Monday.
