Business

Qualcomm to swallow NXP in mega merger

US-based chipset company Qualcomm Incorporated will acquire the Netherlands-based NXP Semiconductors for Dollars 47 billion in an all cash deal. Including debt, the deal is worth $47 billion. "It's no secret that we've been looking around", Mollenkopf said in an interview. This is just the latest deal in an industry which has been grabbed by sweeping consolidation.

Twitter to Lay Off 9 Percent of Workforce

The website will continue for already-posted videos, and users will be able to view and download videos from the app for now, but the company clearly wasn't able to make the once-hot app maintain its momentum. Twitter has about 3,860 employees globally as of June. It will focus on the reorganization of its sales, partnerships and marketing efforts. All of which means Thursday is likely to be a watershed or a Waterloo for Dorsey, who is facing increased pressure to find a way to get ...

Protesters nabbed for lying down on George Washington Bridge

Traffic cameras showed bumper-to-bumper traffic barely inching along. The inbound upper level was closed for only 15 minutes, but the damage was done. The protesters' affiliation was not known, Pentangelo said. "The immigrant community is exhausted of being in the shadows", Laundry Workers Center co-director Mahoma López said in a statement on the website.

Samsung Note 7 recall to cost at least $5.3 billion

It said it expected to generate 5.2 trillion won ($4.6 billion) in operating income during the third quarter after the recall cost. " Samsung's other divisions, such as semiconductors, displays and consumer electronics, continue to record robust operating performance", Fitch said.

China set to hit steel, coal capacity-cut targets early

The rally in coking coal during the third quarter was unexpected, Severstal said on Tuesday. Coking coal for the same month of delivery climbed as much as 4.5 percent to a contract high of 1,332 yuan. Total volume on Monday for the January future was 1.3 million contracts, equivalent to 130 million tonnes of coal, an all-time high and up more than 35 percent from Friday.

Women Fight for Their Right to Wear Yoga Pants

When a local Rhode Island paper published a man's letter to the editor calling women over 20 who wear yoga trousers "disturbing", outrage swiftly turned into a community cause. Hundreds of women, girls and other supporters proudly donned their yogapants Sunday as they peacefully paraded around the Rhode Island neighborhood of a man who derided the attire as tacky and ridiculous.

Trump's New Hotel Brand Won't Use His Name

The name, notes a Trump news release, designates a "descendant of a noble family". Trump's hotels with the name " Trump " on them are getting protested in front of, getting graffiti'd, and they're dropping prices to keep up bookings. Instead, the hotels will be called Scion , "a nod", says Trump Hotels CEO Eric Danziger , "to the Trump family and to the tremendous success it has had with its businesses".

Airports expansion decision 'next week'

The Prime Minister is widely tipped to make a decision on whether to back a new runway at Heathrow or Gatwick, or both, next week. The letter urges the Prime Minister to be "bold and build", saying: "Giving the green light to Heathrow expansion will not only signal to the rest of the world that the United Kingdom is open for business post-Brexit, it is a big test of how serious the Government is about turning its soundbites on industrial strategy and infrastructure, backed by public ...

Nebraska's jobless rate stable at 3.2 percent in September

The department says employers added 30,000 nonfarm payroll jobs last month, for a total of more than 2.3 million since expansion began in February 2010. Government added the most jobs at 8,500, up 5.9% month-over-month. The preliminary Omaha area rate dropped two tenths of a point to hit 3.3 percent last month, compared with 3.5 percent in August.

2 more North Carolina deaths raise Matthew's US death toll to 43

A judge has ordered North Carolina election officials to extend the deadline to register to vote in 36 eastern counties of the state because of disruptions caused by Hurricane Matthew. Through traditional registration, people can vote on Election Day or cast absentee ballots by mail. The deadline was originally 5 p.m. Friday. The registration deadline in Georgia to be able to vote in this year's general election was Tuesday.

Oil price surges to highest level since July 2015

USA crude-oil stocks have now dropped 26.5 million barrels since the beginning of September, according to Troy Vincent, an analyst at ClipperData. "Even when factoring in hurricanes, it is hard to write off the fact that US crude stocks have drawn (fallen) by some 26.5 million barrels in the past seven weeks", analysts at JCB wrote in a note on Thursday.

Stop whining, Obama tells Trump over election rigging claims

Early balloting so far has shown promise for Clinton in battlegrounds North Carolina and Florida while Trump has generally held ground in Iowa and Ohio. A number of Republican-led states, citing the need to prevent voter fraud, have passed laws with stricter identification requirements. The courts rejected some of the legislations, which were perceived to have been created to stop minorities from voting.

All new Teslas will have "full self-driving hardware"

Electric auto maker Tesla Motors Inc (TSLA.O) said on Wednesday all vehicles in production, including Model 3, will have full self-driving hardware. The same will be true, to an even greater degree, of the new fully self-driving systems, he said. "In writing some article that's negative, you effectively dissuade people from using an autonomous vehicle, you're killing people ", Musk said during a press call Wednesday.

Stock's Earning Overview: Abbott Laboratories (NYSE:ABT)

Moreover, Cetera Advisor Ntwk Limited has 0.07% invested in Abbott Laboratories (NYSE:ABT) for 31,021 shares. The business had revenue of $5.30 billion for the quarter, compared to analyst estimates of $5.29 billion. Abbott Laboratories's short ratio is at 7.76 and the float short is at 4.93%. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website .

Teen migrants head to United Kingdom as French court upholds "Jungle" closure

The youths, aged 14 to 17, were brought by government officials and charity workers to a Home Office immigration facility in south London before being reunited with relatives, some of whom gathered at local churches. Teenagers aged 14 to 17-years-old are now undergoing a process to reconnect them with their family members in Britain . Under the rule, asylum claims must be made in the first safe country a person reaches - but children can have their application transferred to another ...

Netflix is booming on the back of subscribers outside of the US

The company has seen 370,000 new users in the U.S. and 3.2 million overseas in the last three months; its United States growth being slower than in previous years, having added 880,000 in the same period during 2014, but outperforming on the worldwide side.

USA shares lower on weak China data

Wells Fargo shares rose 1.26 percent after Chief Executive John Stumpf abruptly departed on Wednesday following a sales scandal that damaged the reputation of the once most valuable bank in the world. THING OF BEAUTY: Ulta Salon climbed after it raised its guidance and gave strong estimates for the third quarter. The negative sentiment towards the stock came as Tesco (LON:TSCO) pulled a number of Unilever products from its website over a price increase of about 10 percent.

Thailand's King Bhumibol Adulyadej dies at 88

Experts say the heir's approach to enforcing the lese majeste legislation will illustrate much about his vision for the monarchy. The heir's coronation will not take place until the mourning period is over. Obama says the king was a close friend of the United States and a valued partner of many USA presidents. Through his patience, perseverance and selfless dedication to duty, King Bhumibol embodied Thailand's Ten Kingly Virtues.

Physical oil traders not convinced by upbeat futures market outlook

As of 1642 BST front month West Texas Intermediate crude futures were rising by 0.28% to $50.32 per barrel on ICE. The government-run Energy Information Administration (EIA) has stumped the market over the past five weeks by recording a 26-million barrel loss in crude at a time of when builds are more likely.

IIP falls for second straight month in August by 0.7%

The marginal growth in the overall consumer goods segment (it grew 1.1% in August and 0.9% in the April-August period) has also been supported by the consumer durables sector in recent months, which was reflected in good auto sales as well.

European Union imposes import duties on cheap steel from China

The European Commission is also investigating alleged dumping of hot-rolled steel by producers in Brazil, Iran, Russia, Serbia and Ukraine. The Bloomberg European Steel Index advanced 2.5 percent to the highest since August 9 after the EU announcement.

Russia says it supports OPEC plan to limit oil production

U.S. West Texas Intermediate (WTI) crude futures CLc1 were at $51.24 a barrel, down 11 cents from their last close, but also near Monday's high of $51.60 a barrel. The Saudi official, a former head of state-owned oil giant Saudi Aramco, also said the kingdom could ultimately deal with whatever oil price the market sets thanks to its financial reserves and plans to diversify the economy.

Futures slightly higher as European stocks rise

The bank's U.S-listed stock was up 0.31 percent before the bell and was the most heavily traded. SEOUL, South Korea (AP) - The Nikkei led gains in Asian stock markets Tuesday as the dollar rose against the yen following upbeat US manufacturing data.

Mall of America to close on Thanksgiving

The decision to close the nation's largest mall on Thanksgiving could influence other malls and retailers to do the same. But this year the shopping center is bucking that trend, and telling mall employees to spend Thanksgiving with their families, according to the AP.

How the Dow Jones industrial average fared on Tuesday

Sterling rose 0.2 per cent against the dollar, after dipping below $1.27 and hitting a three-decade low against the greenback during the session amid worries about Britain's European Union exit. The markets lost momentum after the International Monetary Fund (IMF) lowered its growth forecast for the US economy to 1.6 percent from 2.2 percent this year.

International Monetary Fund says no evidence US singling out foreign banks for punishment

Shares in the banking giant were on the rise Tuesday (and up slightly so far today) after reports surfaced it was working on a settlement with the Department of Justice regarding its mis-sale of mortgage-backed securities before the financial crisis.

In VP debate, Pence gets tasked with cleaning up for Trump

Bob Barnett, a Washington lawyer, helped Kaine , while Wisconsin Governor Scott Walker , who was one of Trump's rivals in the GOP primary season, assisted Pence . " Pence needs to change the narrative from this discussion of Donald Trump's personal foibles and get it back on the concerns of the average voter", said Republican strategist John Feehery.

Wall Street set for subdued start; Deutsche Bank in focus

ENERGY: Oil prices continued to rally in the wake of last week's agreement by the members of the OPEC cartel to trim production. It is now trading back in the US$1.28 handle and even dropped to a low of US$1.2818 overnight. They jumped 14 percent on Friday, their best day in five years. GERMANY: Concerns that Germany's largest lender may plunge into a serious financial trouble eased as investors hope that Deutsche Bank will be able to negotiate down the massive cost of settling a USA ...

Donald Trump Went On A Baffling 3AM Twitter Rant About Sex Tapes

Some may prefer his stubborn refusal to censor himself. He repeatedly brings up perceived slights, breathing new life into damaging storylines, instead of making the politically savvy calculation to move on. And Clinton said they showed anew why someone with Trump's temperament "should not be anywhere near the nuclear codes". Clinton told the crowd that Trump's behavior was "unhinged " and was further evidence that he is "temperamentally unfit to be president of the United States".

Russell Wilson to start for Seattle despite knee sprain

He's young and it's his first official start, so he's going to improve and get a heck of a lot better. Wilson himself added he's "pretty determined" to face the Jets and has done everything he can to be ready, including waking up in the middle of the night for treatments and admitting that he'll be donning a knee brace for the game .