Exclusive: Broadcom to raise bid for Qualcomm to about $120 billion: sources
(Reuters) – Broadcom Ltd plans to unveil a new offer of approximately $120 billion for Qualcomm Inc on Monday, aiming to ratchet up pressure on its U.S. semiconductor peer to engage in negotiations, people familiar with the matter said on Sunday.
Deadline looming for Boeing to decide on Canada fighter jet bid
OTTAWA (Reuters) – Boeing Co must decide by the end of this week whether to take part in a multi-billion-dollar race to supply Canada with fighter jets, even as the U.S. company’s relationship with Ottawa has soured due to a trade dispute.
UPS order for Boeing freighters highlights trade growth
SINGAPORE (Reuters) – A recovery in international trade is reviving demand for aircraft once proudly linked to long-haul passenger travel and now mainly dependent on hauling cargo to stay in production.
Volkswagen seeks delay in U.S. trial after lawyer references monkey testing, Hitler
(Reuters) – The U.S. unit of Volkswagen AG on Friday asked a U.S. judge to delay several court trials it is facing over excess emissions because it fears “inflammatory” comments made by a lawyer representing car owners in a recent TV documentary will …
Fed orders Wells Fargo to halt growth over compliance issues
WASHINGTON/NEW YORK (Reuters) – Wells Fargo & Co detailed new regulatory restrictions imposed by the U.S. Federal Reserve on Friday that sent its shares down sharply in after-hours trading, as the third-largest U.S. bank continues to reel from a sales scandal that erupted in 2016.
U.S. seeks ‘substantial’ fines in Fiat Chrysler emissions case -source
WASHINGTON (Reuters) – The U.S. Justice Department is seeking “substantial” civil fines from Fiat Chrysler Automobiles NV after the government filed suit accusing the company of illegally using software that led to excess emissions in 104,000 U.S. dies…
Dow sees worst day in two years as bond yields jump
NEW YORK (Reuters) – Worries about the impact of a tightening job market on the prospects for inflation and a surge in bond yields sent investors fleeing equities on Friday, with the Dow Jones Industrials Average swooning almost 666 points, for its bi…
Apple stock loses some sheen on disappointing iPhone sales
(Reuters) – Apple Inc’s hint of returning a ton of cash to shareholders was not enough to move investors who worried more about the iPhone maker’s weak outlook amid reports of production cuts for its flagship iPhone X.
Interest rate angst trips up U.S. equity bull market
NEW YORK (Reuters) – For nearly nine years, the global hunt for yield sent you to one place: the U.S. stock market.
Wall Street says Starbucks has too many stores, prices too high
(Reuters) – Starbucks Corp has too many stores and its prices are too high, Wall Street analysts are starting to agree, as they seek to explain the company’s slowing U.S. growth.
