Category: Business

The U.S. International Trade Commission on Wednesday said it would initiate an investigation of certain integrated circuits, chipsets and electronic devices, based on a complaint filed by NXP Semiconductors NV (NXPI.O) of Taiwan and its U.S. unit. NXP alleges that imports of these products infringe on the company’s patents, and has asked the ITC to […]

Luxury goods companies Hermes (HRMS.PA) and Richemont (CFR.S) won promotion on Wednesday to the blue-chip Euro STOXX 50 equity index (.STOXX50E), which could increase investment funds’ demand for the stocks that have hit all-time highs. The index provider said Hermes and Richemont would formally enter the Euro STOXX 50 on Dec. 20. Their promotion is […]

Canada on Wednesday excluded Boeing Co (BA.N) from a multi-billion-dollar race to supply 88 new fighter jets and indicated a previous clash between the U.S. company and a Canadian aircraft maker influenced the decision. The move means only Lockheed Martin Corp (LMT.N) and Sweden’s Saab AB (SAABb.ST) can compete. Ottawa says it intends to make […]

Airbus (AIR.PA) and Boeing Co (BA.N) will launch all-new successors to their best-selling single-aisle jets powered by hydrogen from around the middle of next decade, the head of a U.S. company that champions the fuel told Reuters. The prediction by Paul Eremenko, chief executive of Universal Hydrogen, counters assertions by Boeing that it is too […]

Colombian airline Avianca (AVT_p.CN) said on Wednesday it has successfully completed its Chapter 11 bankruptcy process, a month after a U.S. court approved its reorganization process. “Today the prior conditions have been completed,” the airline said in a statement from Bogota. Avianca “has emerged successfully from said process.” Avianca, along with rival Chile’s LATAM Airlines […]

Qualcomm Inc (QCOM.O) on Wednesday released a new chip designed for gaming-specific handheld devices offering 5G connectivity, a potential new mobile platform for video gamers offering more flexibility to play streaming games on the go. The San Diego-based firm said it has partnered with gaming hardware company Razer Inc (5RZ.F) to create an initial test […]

Australian casino firm Crown Resorts Ltd (CWN.AX) said on Thursday investment giant Blackstone Group Inc’s (BX.N) $6.2 billion buyout offer did not represent “compelling value” for its shareholders. Crown, however, added it offered Blackstone access to non-public information to allow it to undertake initial due diligence inquiries for a revised proposal. The A$12.50-a-share proposal in […]