According to The Wall Street Journal, citing sources familiar with the situation, the US chip makers Qualcomm and NXP Semiconductors from Netherlands are negotiating a merger. The deal could be worth $ 30 billion. The negotiations are at an early stage, and NXP Semiconductors could find another buyer. Purchase of NXP Semiconductors could help Qualcomm diversify its business and improve its...

General Director of Nissan Carlos Ghosn said that the company wants to know conditions of the UK’s secession from the EU. If the parties introduce additional trade surcharges between the UK and the EU, the automaker may claim a compensation from the British authorities. Other automakers are also concerned about uncertainty associated with after-Brexit terms of trade between the UK and the EU....

Net loss of Canadian smartphone maker and software developer BlackBerry on the results of II quarter of 2016 fiscal year (June 1 to August 31) was $ 372 million against a profit of $ 51 million for the same period in the last fiscal year. The company's revenue for the period decreased to 31,8% from $ 490 to $ 334 million compared to II quarter 2015 fiscal year, while surveyed by Bloomberg...

Deutsche Post DHL Group reached agreement on acquisition of UK Mail Group for 242.7 million pounds ($ 315.5 million) to strengthen its position in the UK market, says the German company. Under the deal, shareholders will receive 440 pence in cash for each share of UK Mail. Deutsche Post, Europe's largest postal company, said that the proposal provides for a premium of about 43% to price of UK...

A list of applicants to purchase microblogging service Twitter now includes Microsoft and The Walt Disney Company. Disney’s financial consultants are currently assessing value of Twitter to determine size of the transaction amount, according to The Wall Street Journal, citing sources close to the negotiations. The companies gave no official comments. Bloomberg reported with reference to an...

International hotel chain Marriott International Inc. completed acquisition of Starwood Hotels & Resorts Worldwide Inc. The deal resulted in creation of the largest hotel operator in the world. The company will manage more than 5.7 thousand hotels with 1.1 million rooms in more than 110 countries under 30 brands. The merger increased number of Marriott hotels in Asia, the Middle East and...

Danish conglomerate A.P. Moller-Maersk Group said that it is going to divide the business into two separate divisions: transport and energy. The conglomerate explained this decision by crisis in the sphere of cargo transportation and low oil prices. Maersk Line, the largest division of the company and the world's largest operator of container terminals in terms of power, will lead a new transport...

Today, Postal Savings Bank of China (PSBC) raised about $ 7.4 billion during its IPO. Trading with PSBC shares should start on the Hong Kong Stock Exchange on 28 September. Initially, the bank planned to raise up to $ 8.1 billion, but investors considered the price too high. Nevertheless, this is the largest IPO in the world over the past two years. Postal Savings Bank of China Ltd. (PSBC), sixth...

Apple has filed patents not only on various high-tech devices and software. Now, the company’s portfolio includes a patent on an ordinary paper bag with flexible handles, reports The Verge. Some might suggest that, perhaps, the bag is crammed with electronics, sensors, GPS, Bluetooth, a processor and software that transmits information on an iPhone paired with the bag. However, it’s not like...