Business News
Proxy advisory firm ISS says Qualcomm should negotiate sale to Broadcom2/17/2018 8:41:42 PM - U.S. semiconductor company Qualcomm Inc should try to negotiate a sale to Broadcom Ltd following the latter's sweetened $121 billion offer, proxy advisory firm Institutional Shareholder Services Inc (ISS) said.Judge approves Takata's U.S. bankruptcy plan2/17/2018 6:44:44 PMWILMINGTON, Del. - Takata Corp's U.S. unit received court approval for its bankruptcy exit plan, a plaintiffs' law firm said on Saturday, clearing the way for a $1.6 billion sale of Takata assets and providing compensation for those injured by the company's deadly air bags.Stock volatility: back with a bang and here to stay2/17/2018 12:26:55 AMNEW YORK - U.S. stock markets are unlikely to return to the unusually calm conditions seen last year, even though equities have already recovered more than half the ground lost in the recent selloff and traders have rapidly dialed down fear.Tesla delays, tax credit concerns spur sales of Chevy Bolts2/17/2018 5:08:39 PMSAN FRANCISCO - Some potential buyers of Tesla's long-delayed Model 3 sedan are concerned that they will miss out on big federal tax breaks and are looking for alternatives, including General Motors Co's Chevrolet Bolt, according to postings by would-be Tesla buyers on websites and interviews with GM dealers.Exclusive: GE exploring industrial gas engine business sale - sources2/17/2018 12:18:50 AM - General Electric Co is exploring a sale of its industrial gas engine business that could be worth as much as $2 billion, according to people familiar with the matter.U.S. seeks to block AT&T from citing Trump opposition in merger lawsuit2/17/2018 12:03:12 AMWASHINGTON - The U.S. Department of Justice on Friday moved to prevent AT&T Inc from arguing that politics played a role in the government's decision to stop its merger with Time Warner Inc , a deal that President Donald Trump had publicly criticized.GE faces shareholder lawsuit over insurance shortfall, SEC probe2/16/2018 8:25:51 PMNEW YORK - General Electric Co was sued on Friday by a shareholder who accused the conglomerate of concealing mounting insurance liabilities and a U.S. Securities and Exchange Commission probe, saying it cost shareholders tens of billions of dollars.Exclusive: Indian banks may take more than $3 billion hit from PNB fraud - tax department2/17/2018 4:59:13 PMNEW DELHI - Indian banks could take a hit of more than $3 billion from loans and corporate guarantees provided to diamond companies at the center of a massive alleged fraud at the state-run Punjab National Bank, the tax department has estimated.Backstory: Warren Buffett's Valentine's Day surprise for investors2/16/2018 12:54:55 PMNEW YORK - Warren Buffett had a Valentine’s Day surprise for investors in Teva Pharmaceutical Industries Ltd .   ADM, Syngenta settle lawsuit over biotech corn exports to China2/17/2018 12:22:33 AMCHICAGO - U.S. grain merchant Archer Daniels Midland Co has settled a lawsuit with Syngenta over the seed company's launch of a biotech corn strain that roiled grain exports to China, according to regulatory documents filed on Friday.