China says still open to talks on scrapped Qualcomm-NXP takeover
China’s market regulator said it still hoped to find a solution to antitrust concerns that doomed Qualcomm Inc’s $44 billion takeover of NXP Semiconductors, after finding that proposals to address the issue had fallen short.
Qualcomm CEO in the ring alone after U.S.-China spat kills deals
Qualcomm Inc Chief Executive Officer Steven Mollenkopf sought government help to block an acquisition of the U.S. chip maker on fears of China’s technological ascendance, only to see his biggest deal thwarted by China.
Consumers, soybeans seen powering U.S. second-quarter growth
The U.S. economy likely grew at its fastest pace in four years in the second quarter as consumers boosted spending and farmers rushed shipments of soybeans to China to beat retaliatory trade tariffs before they took effect in early July.
As Hyundai struggles, its labor union shows signs of softening
When workers at South Korea’s Hyundai Motor went on strike last year, the stoppage lasted 24 days, triggered months of negotiations and netted them their smallest raise in nearly a decade.
Asian shares post modest gains as trade fears keep investors cautious
Asian stocks struggled to gain traction on Friday, following a mixed Wall Street finish and as the worsening Sino-U.S. trade dispute kept investors in the region cautious, despite signs of rapprochement between the United States and Europe.
BP pays $10.5 billion for BHP shale assets to beef up U.S. business
BP Plc has agreed to buy U.S. shale oil and gas assets from global miner BHP Billiton for $10.5 billion, expanding the British oil major’s footprint in some of the nation’s most productive oil basins in its biggest deal in nearly 20 years.
After Qualcomm-NXP deal scrapped, China says still open to talks
China’s market regulator said on Friday proposals from Qualcomm Inc and NXP Semiconductors to solve antitrust concerns around their now scrapped $44 billion merger had not been sufficient, but it still hoped to find a solution.
Papa John’s founder says successor not right fit for CEO
John Schnatter, the founder and largest shareholder of Papa John’s International Inc , said on Thursday that Steve Ritchie, who rose from a $6-per-hour employee to CEO with Schnatter’s backing, should not be leading the company.
BP to buy U.S. shale assets from BHP for $10.5 billion
BP Plc has agreed to buy U.S. shale oil and gas assets from global miner BHP Billiton for $10.5 billion, giving the British oil major a much bigger footprint in oil-rich onshore basins.
Asian shares struggle as trade fears keep investors cautious
Asian stocks struggled to gain traction on Friday, following a mixed end to Wall Street trade and as the worsening Sino-U.S. trade dispute kept investors in the region cautious, despite signs of rapprochement between the United States and Europe.
