Chipmaker Broadcom Ltd is to buy network gear maker Brocade Communications Systems Inc for $5.5 billion in cash and debt. Earlier today, chipmaker company Broadcom Ltd has announced that it has successfully negotiated an acquisition…
Credit Suisse agree to a potential $110 million deal to settle an Italian tax case regarding allegations of assisting clients transfer undeclared funds into offshore accounts. The agreement for the moment is not final and…
Waste disposal company Biffa has cut the price of its London flotation to 180p a share, down from the original range of 220p-270p. Consequent investments result into total IPO capital of £262 million. New funds…
Samsung Electronics Co Ltd needs to quickly find the cause of the fires that led to it pulling its Galaxy Note 7 smartphones and get a new model to market, investors said on Wednesday, as…
Deutsche Bank shares resume to fall after recovering from a record low at the end of last week, as hopes faded of a swift deal with U.S. authorities over a multi-billion dollar penalty. The German…
Each US dealer of Volkswagen will receive an average payout of $1.85m over 18 months as compensation for the emissions scandal. Volkswagen AG has agreed to pay up to $1.2bn (£925m) to its 652 US…
Japan’s Sharp Corp will spend $570 million on its organic light-emitting diode (OLED) screen business – one of its first major investments since it was taken over by Taiwan’s Foxconn although the amount pales in…
Deutsche Bank has confirmed that it is to sell its Abbey Life business to closed book life and pension provider Phoenix Life Holdings, for £935m (€1.08bn, $1.21bn). The agreement on Wednesday follows confirmation from Phoenix…
The Renault-Nissan Alliance is acquiring the French software-development company Sylpheo to accelerate the expansion of its connected vehicle and mobility services programs. The acquisition was announced today by Ogi Redzic, Alliance Senior Vice President of…
Hewlett Packard Enterprise (HPE) will separate and merge their software assets with the British company Micro Focus International in a deal worth 8.8 billion dollars, announced the companies said on Tuesday, cited by Reuters. The…