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Qualcomm to buy NXP Semiconductors for enterprise value of $47 billion

Qualcomm Inc said on Thursday it had agreed to buy NXP Semiconductors NV for an enterprise value of about $47 billion, as it seeks to expand the reach of its chips from phones to cars.

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Carlyle, Bain to battle for McDonald's China assets as TPG pulls out

HONG KONG Carlyle Group LP and Bain Capital LLC are the only major global buyout firms left bidding for McDonald's Corp's restaurants in China and Hong Kong after TPG Capital Management LP [TPG.UL] pulled out, people close to the matter said on Thursday.

5:39am EDT

Exclusive: General Electric wins $900 million Brazil power plant, grid contract

NEW YORK General Electric has won a $900 million contract to build a 1,500 megawatt natural-gas-fired combined-cycle power plant in the Brazilian state of Sergipe, the largest such plant in Latin America, company executives said.

Deutsche Bank promises faster revamp as braces for U.S. fine

FRANKFURT Deutsche Bank chief John Cryan pledged on Thursday to redouble restructuring efforts, warning that the bank faces tough times as it seeks to finalize talks with U.S. justice authorities over a multi billion dollar fine.

4:06am EDT

Italy judge agrees tax probe settlement with head of Apple's Irish unit: source

MILAN A Milan judge has accepted a settlement agreement with the head of Apple's Irish-based unit Apple Sales International as part of a probe into allegations the U.S. tech giant failed to pay corporate taxes in Italy to the tune of 879 million euros ($959.43 million), a judicial source said.

5:27am EDT

VW brand profit plunges, Porsche lifts group

BERLIN Volkswagen said third-quarter operating profit at its core brand plunged more than half, adding weight to management calls for cutbacks at VW's biggest division.

4:20am EDT


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