Business & Economy
Associated Press/Photo by Mark Schiefelbein

Qualcomm deal victim of U.S.-China trade tensions

by Les Sillars
Posted 7/26/18, 12:07 pm

San Diego–based Qualcomm, the world’s biggest smartphone chipmaker, on Wednesday dropped its $44 billion bid to buy Dutch chipmaker NXP Semiconductors after Chinese authorities declined to approve the deal. China, the world’s largest market for chips and smartphones, was the last of nine markets needed to approve the merger. The deal is considered a high-profile victim of the rising trade tensions between the United States and China.

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Associated Press/Photo by Andrew Harnik (file)

Markets slide, then recover after Trump’s latest tariff salvo

by Les Sillars
Posted 7/20/18, 11:55 am

U.S. markets dropped early Friday after President Donald Trump indicated he is prepared to impose tariffs on every product imported from China but rose after news of strong quarterly results came out, with the S&P 500, the Dow Jones Industrial Average, and the Nasdaq composite all rising.

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AssociatedPress/Photo by Mark Lennihan

Comcast drops bid for Fox assets, clears path for Disney

by Les Sillars
Posted 7/19/18, 12:37 pm

Comcast said Thursday it is dropping its bid for control of 21st Century Fox’s entertainment business to focus on its pursuit of the European pay-TV operator Sky. Fox owns 39 percent of Sky and is trying to buy the 61 percent it doesn’t own. Last week Comcast boosted its offer to $34 billion for Sky, which has 22.5 million customers in Austria, Germany, Ireland, Italy, and the U.K. Its offerings include English Premier League soccer and Game of Thrones.

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