Broadcom lays off 1,100 employees after Brocade merger
(Reuters) – Broadcom Inc said it had laid off about 1,100 employees across its businesses to cut costs after its merger with Brocade Communications Systems.
AT&T closes $85 billion deal for Time Warner
WASHINGTON (Reuters) – AT&T Inc, the No. 2 wireless carrier, on Thursday closed its $85 billion deal to acquire media company Time Warner Inc after U.S. antitrust regulators indicated they would not seek a delay.
China regulators approve Qualcomm-NXP Semiconductors merger deal: SCMP
(Reuters) – Chinese regulators have approved U.S. chipmaker Qualcomm Inc’s proposed $44 billion merger deal with NXP Semiconductors , South China Morning Post reported on Thursday, citing people with knowledge of the matter.
Adobe tops estimates on digital media business momentum
(Reuters) – Adobe Systems Inc topped analysts’ profit and revenue estimates for the eighth straight quarter driven by strength in its digital media business, which houses its flagship product Creative Cloud.
AT&T to close Time Warner deal but government does not rule out appeal
WASHINGTON (Reuters) – The U.S. government and AT&T Inc agreed on Thursday on conditions that would allow the wireless company to close its deal for Time Warner Inc while the Justice Department considers an appeal.
Nasdaq hits new closing high, S&P 500 gains after ECB decision, U.S. data
NEW YORK (Reuters) – The S&P 500 edged up and the Nasdaq reached another record closing high on Thursday after the European Central Bank said it would avoid raising interest rates until mid-2019, and data showed U.S. economic strength.
Central bank withdrawal means tighter times ahead for borrowers
WASHINGTON (Reuters) – With the world’s two largest central banks now pulling back the economic props used to battle multiple crises, a so-far sturdy global recovery faces a new challenge as rising interest rates begin to take hold.
Elon Musk’s Boring Co to build high-speed airport link in Chicago
CHICAGO (Reuters) – Chicago has selected Elon Musk’s Boring Co to build a $1 billion underground transit system that will whisk people from Chicago’s downtown Loop district to O’Hare International Airport at 150 miles per hour (240 km per hour), the bi…
Photoshop maker Adobe’s quarterly revenue jumps 24 percent
(Reuters) – Adobe Systems Inc topped analysts’ profit and revenue estimates for the eighth straight quarter driven by strength in its digital media business, which houses its flagship product Creative Cloud.
Facebook’s public relations chief to step down
SAN FRANCISCO (Reuters) – Facebook Inc said on Thursday that Elliot Schrage, who as head of communications and public policy has led the social network’s response to scandals about privacy and election meddling, would step down from the company after …
