U.S. says Broadcom review confirms security concerns
(Reuters) – The U.S. Treasury Department has told Singapore-based Broadcom Ltd that it has confirmed national security concerns about the chipmaker’s unsolicited bid to buy rival Qualcomm Inc and accused it of violating an order to give sufficient no…
Dow turns lower as industrial stocks drag
(Reuters) – The Dow Jones Industrial Average fell about half a percent on Monday as worries about the impact of President Donald Trump’s decision to impose metal tariffs continued to weigh on industrial stocks including Boeing and Caterpillar.
Tesla’s electric motor shift to spur demand for rare earth neodymium
LONDON (Reuters) – Tesla’s shift to a magnetic motor using neodymium in its Model 3 Long Range car adds to pressure on already strained supplies of a rare earth metal that had for years been shunned because of an export ban by top producer China.
Britain’s Melrose raises GKN bid to $11.2 billion in final offer
LONDON (Reuters) – Melrose Industries increased its hostile offer for GKN by around 10 percent to 8.1 billion pounds ($11.2 billion), trying to win over investors after the British engineering firm struck a rival deal of its own last week.
Dropbox’s $7 billion IPO is a third from peak valuation
(Reuters) – Dropbox Inc on Monday filed to go public, valuing the cloud storage company at up to $7.1 billion, nearly a third below a valuation three years ago, as concerns rose that it was not growing fast enough to justify a loftier price tag.
Dow turns lower as industrial stocks weigh
(Reuters) – Wall Street struggled to hold on to early gains on Monday as losses in industrial stocks including Boeing and Caterpillar more than offset gains in chipmakers and technology companies.
Britain’s GKN rejects Melrose $11.2 billion final offer
(Reuters) – GKN rejected Melrose Industries’ increased and final 8.1 billion pounds ($11.2 billion) offer for the British engineering firm, saying the turnaround specialist was not the right owner.
Stocks reflect little concern of broad trade war: Goldman Sachs
NEW YORK (Reuters) – U.S. President Donald Trump’s move to impose tariffs on steel and aluminum imports has rippled through financial markets, but stocks appear to be shrugging off the potential for a broader global trade war, according to Goldman Sach…
Goldman Sachs’ Schwartz retires, paves way for Solomon as next CEO
(Reuters) – Goldman Sachs Group Inc unexpectedly announced on Monday that Harvey Schwartz will retire from the bank, leaving David Solomon as sole president and chief operating officer and the most obvious successor to Chief Executive Lloyd Blankfein….
U.S. says Broadcom violated order in process of moving domicile
(Reuters) – Chipmaker Broadcom Ltd violated a U.S. Treasury Department order by not giving sufficient notice to a national security panel of its plans to redomicile in the United States, the Treasury said in a letter to the Singapore-based company.
