Bhinneka News Online: Breaking business news: Chipmaker Broadcom plans unsolicited bid for Qualcomm: source

Friday, 3 November 2017

Breaking business news: Chipmaker Broadcom plans unsolicited bid for Qualcomm: source

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Friday, November 3, 2017

Chipmaker Broadcom plans unsolicited bid for Qualcomm: source

(Reuters) - Broadcom Ltd is planning an unsolicited bid for smartphone chipmaker Qualcomm Inc with an offer possible as soon as this weekend, a source familiar with the matter said on Friday.

Hurricanes, earthquake reduce profit at Buffett's Berkshire

(Reuters) - Bad weather weighed on results at Warren Buffett's Berkshire Hathaway Inc , as losses from insurance claims tied to Hurricanes Harvey, Irma and Maria and an earthquake in Mexico contributed to a 43 percent drop in third-quarter profit.

CVS, Aetna aim to finalize deal as early as December: sources

NEW YORK (Reuters) - U.S. pharmacy operator CVS Health Corp and health insurer Aetna Inc are working toward finalizing merger terms and announcing a deal for more than $70 billion as early as December, according to people familiar with the matter.

U.S. job growth picks up; flat wages raise consumer spending worries

WASHINGTON (Reuters) - U.S. job growth accelerated in October after hurricane-related disruptions in the prior month, but wages grew at their slowest annual pace in more than 1-1/2 years in a sign that inflation probably will remain benign.

Apple juices Wall St. as indexes climb for another week

(Reuters) - A surge in shares of heavyweight Apple helped push up major Wall Street indexes on Friday, as investors also assessed a mixed U.S. labor market report.

BMW recalling 1 million vehicles in North America

WASHINGTON (Reuters) - BMW AG said on Friday it is recalling about 1 million vehicles in North America for two separate issues involving fire risks and said it may expand the recalls to other countries.

Cryptocurrencies' market cap hits record $200 billion as bitcoin soars

LONDON (Reuters) - The aggregate value of all cryptocurrencies hit a record high of over $200 billion on Wednesday, according to industry website Coinmarketcap, putting their reported market value at more than that of U.S. banking giant Citigroup .

U.S. factory orders rise, core capital goods orders revised higher

WASHINGTON (Reuters) - New orders for U.S.-made goods rose for a second straight month in September and orders for core capital goods were stronger than previously reported, suggesting manufacturing activity was gathering momentum.

Airbus sales chief says to stay on until successor is found

HAMBURG/PARIS (Reuters) - Airbus' long-serving sales chief John Leahy plans to stay on until a successor is found, with a decision expected within the next week or so, he told Reuters on Friday.

AIG's $836 million reserve boost surprises investors; shares sink

(Reuters) - American International Group Inc shares sank 4.5 percent on Friday as investors reacted to a surprise $836 million boost to the insurance giant's reserves, related to prior-year accident claims.