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Qualcomm raises offer for NXP, Elliott backs new bid

U.S. chipmaker Qualcomm Inc raised its offer to buy NXP Semiconductors NV to $127.50 per share on Tuesday, and said it now has the backing of the shareholder group led by Elliott Management that opposed the previous proposal.

Recent Business News

Exclusive: GM offers $2.2 billion debt for equity swap in return for Seoul's support - sources

SEOUL General Motors has offered to convert debt of around $2.2 billion owed by its ailing South Korean operation into equity in exchange for financial support and tax benefits from Seoul, four sources with direct knowledge of the matter said.

3:05am EST

Murdoch's Fox seeks to win bid approval by extending Sky News guarantee

LONDON Rupert Murdoch's Twenty-First Century Fox has strengthened its offer to protect the independence of Sky's loss-making news channel to try to overcome regulatory concerns about Fox's takeover of the parent company.

6:14am EST

Airbus sees no demand for bigger A350 for now

TOULOUSE, France Airbus is not planning a larger A350 jet and will focus on developing existing versions of the widebody aircraft, an executive said on Tuesday.

7:33am EST

The brand Olympics: getting attention without getting in trouble

PYEONGCHANG, South Korea In packing for the Winter Olympics, Canadian entrepreneur Domenico Ciarallo stuffed his bags with hats and t-shirts bearing the logo of his company, which makes locker-room dryers.

6:40am EST

HSBC profit disappoints as CEO Gulliver bows out

HONG KONG/LONDON HSBC Holdings reported a smaller than expected rise in annual profits and unveiled plans to raise up to $7 billion to bolster its capital, as CEO Stuart Gulliver hands over to a new leadership team on Tuesday. | Video

5:10am EST

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