Avago to Buy Broadcom for $37 Billion
Chip maker Avago Technologies agreed to buy rival Broadcom, the
latest deal in busy semiconductor space.
RBC's Profit Climbs 14%
Royal Bank of Canada reported a 14% increase in profit, helped
by stronger earnings in its domestic-banking and capital-markets
operations.
Teva Close to FTC Settlement on Cephalon's Provigil
Teva Pharmaceutical Industries is close to a settlement valued
around $1 billion to resolve government allegations its Cephalon
subsidiary paid generic drug makers to delay competing versions of
the sleep-disorder drug Provigil, according to people familiar with
the matter.
NXP Semiconductors Sells Unit to Chinese Firm for $1.8
Billion
NXP Semiconductors said it would sell its RF Power unit to
Jianguang Asset Management for $1.8 billion, in a bid to secure
approval for its previously announced acquisition of Freescale
Semiconductor Ltd.
Chinese Online Travel Company Ctrip Hacked
China's largest online travel company said Thursday that some of
its servers had been hacked, causing disruptions to its website and
mobile app services.
Etihad Says Growth Threatened by Protectionism
Etihad Airways said potentially aggressive protectionist
policies in the U.S. and Europe threaten to limit growth at the Abu
Dhabi-based carrier.
CIBC Raises Dividend
Canada's fifth-largest lender by assets announced a surprise
dividend increase and reported fiscal second-quarter results that
beat expectations.
Toronto-Dominion Bank Profit Falls on Restructuring
Toronto-Dominion Bank profit fell on due to a restructuring
charge related to cost-cutting in the U.S. and Canada.
JinkoSolar's Revenue Jumps
JinkoSolar Holding on Thursday reported a better-than-expected
36.5% jump in revenue in its first quarter as the cell-and-module
maker benefits from expansion and higher shipments.
Costco Wholesale Profit Up
Costco Wholesale's third-quarter profit rose as the company
continues to benefit from low gas prices, strong store sales and
membership fees.
Chevron Sells Stake in New Zealand Refinery
Chevron raised more than $59 million through the sale of its
around 11% interest in Refining NZ.
Airbus Mulls Jetliner Production Boost
Airbus is thinking of further increasing its output of the
popular A320 single-aisle jetliner by as much as 26% to more than
60 a month.
Alibaba Strengthens Next-Day Delivery Services
Alibaba is ramping up efforts to provide next-day delivery
services to more Chinese cities amid rising customer
expectations.
Hong Kong Regulator Investigating Hanergy
Hong Kong's market regulator said it is investigating Chinese
solar firm Hanergy-after the company's chairman told Chinese media
that a probe was "purely rumor."
Sunac Drops Kaisa Takeover Plan
China's Sunac said it is terminating its takeover attempt of
Kaisa Group, a struggling property developer that defaulted on its
loans and bond payments earlier this year.