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.
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.
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.
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.
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.
Microsoft debuts free tier in competitive workplace chat app market
Microsoft Corp on Thursday introduced a free tier of its workplace collaboration software Teams to better compete against rival Slack Technologies Inc in a market analysts view as a main battleground in the world of enterprise software.
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 th…
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.
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.
Technology stocks, industrials boost Wall Street
U.S. indexes gained on Thursday, led by marquee technology stocks hitting record highs and a rebound in industrials, as optimism of a strong earnings season offset fears about a U.S-China trade war.
