Qualcomm will be buying NXP for ‘$38 billion’. Qualcomm Inc. has shown consent for buying “NXP Semiconductors NV”, whereby the deal will be the “biggest-ever semiconductor industry deal” of “$38 billion”. As a result, it will expand the reach of Qualcomm’s chips ranging from “phones to cars”....

The face of the world’s luxury goods sector has changed enormously over the past twenty years. Constant transformations have encouraged brands to adopt novel strategies, or even to re-invent themselves completely. In this effervescent context, it is not always easy to grasp the real issues facing those operating in the luxury and premium consumer goods sector. We asked Richard Morgan, who advises the management and shareholders of leading luxury brands, to retrace the development of a market he knows so well. He also offers some clues to understanding a sector that never ceases to surprise. Interview.

A unique experiment in upgrades was unveiled by Delta Air last year. A chance to book a seat most can only dream of—on a private jet, was given by the airline for its very frequent flyers. The dream could become reality for a few hundred dollars more.   The carrier is now...

Even as the German automaker Volkswagen AG said it would begin buying back polluting cars in mid-November, its $14.7 billion deal arising from its diesel emissions cheating scandal and one of the biggest corporate settlements on record, was approved by a U.S. judge.   In a pivotal moment for...

Hastings welcomes “open competition” and fair treatment. Julia Love reports to Reuters that the chief executive of Netflix, Reed Hastings is in favour of AT&T’s “$85.4 billion” acquisition plan of Time Warner Inc. if the latter being a “popular media streaming company” of Hastings receives fair...

While blaming two domestic internet providers for a security lapse during the national census, International Business Machines Corp apologized to Australia on Tuesday for the debacle.   This debacle had come under strict criticism from several quarters and the Australian government had...

Supporting the strategic focus, WPP engages with ScrollMotion. WPP makes an investment in ScrollMotion Inc., the former is a media group while the latter is a “software company” in the U.S.   ScrollMotion Inc is based out of New York. It has created a platform which nurtures “interactive...

The world's oldest bank Monte dei Paschi di Siena, the third in terms of assets in Italy, intends to lay off 2.6 thousand employees and close 500 branches before the end of 2019. The organization also aims to sell a portfolio of non-performing loans within the framework of a large-scale...

Even as losses were capped by Iran saying it would encourage other members to join an output freeze, Iraq said it wanted to be exempt from an OPEC deal to cut production. This announcement resulted in the fall of crude oil prices on Monday.   While U.S. West Texas Intermediate (WTI)...