Broadcom loses $19 billion in market value after bid to buy CA
(Reuters) – Chipmaker Broadcom Inc’s surprise bid to buy software company CA Inc for $18.9 billion wiped off the same amount from its market value on Thursday, with investors and…
Sky shares leap as Comcast and Fox lock horns in bid battle
LONDON (Reuters) – Sky (SKYB.L) shares leapt to an 18-year high on Thursday as investors bet a transatlantic battle for the European pay-TV group had further to run, after Comcast’s…
Papa John’s drops after report alleges chairman used racial slur
** Shares of Papa John’s International Inc (PZZA.O) pizza chain down 3.5 pct to a more-than-two-year low on Wednesday a report that Chairman, founder and former CEO John Schnatter used…
China’s ZTE clears hurdle to lifting U.S. ban
(Reuters) – The United States said on Wednesday that it signed an agreement with ZTE Corp (000063.SZ) that paves the way for the Chinese tech company to resume operations after…
SoftBank tightens grip on Yahoo Japan via $2 billion deal with Altaba
TOKYO (Reuters) – SoftBank Group (9984.T) is increasing its stake in Yahoo Japan (4689.T) through a $2 billion, three-way deal with U.S. firm Altaba (AABA.O) to deepen ties with the…
Air France KLM’s traffic rises, transport boss touted as new CEO
PARIS (Reuters) – Air France KLM (AIRF.PA), hit by strikes and without a CEO since May, reported higher passenger traffic for June on Monday, while a leading French transport executive…
Glencore gets U.S. subpoena on compliance with money-laundering laws
LONDON (Reuters) – U.S. authorities have demanded the U.S. arm of Glencore Plc (GLEN.L) hand over documents relating to its business in Nigeria, the Democratic Republic of Congo and Venezuela,…
Tesla hits Model 3 production target, backs profit view
(Reuters) – Tesla Inc (TSLA.O) crossed its long-elusive target of producing 5,000 Model 3 cars in a week after several delays, and reaffirmed its positive cash flow and profit forecast…
Satellite operator Echostar builds stake in bid target Inmarsat
LONDON (Reuters) – U.S. satellite operator Echostar (SATS.O) has built a near 3 percent stake in Inmarsat (ISA.L), the British company that it is seeking to buy, stock exchange filings…
ZTE, U.S. suppliers shares tank after Senate puts Trump reprieve in doubt
HONG KONG (Reuters) – Shares of ZTE Corp and its American business partners took a hit on Tuesday after the U.S. Senate’s passage of a defense bill set up a…