(Reuters) – Chipmaker Diodes Inc said it would buy Pericom Semiconductor Corp in a deal valued at about $400 million to boost its analog and mixed-signal chip businesses. Pericom shares jumped 37.4 percent to $16.73 in morning trading on Thursday, but stayed shy of Diodes’ offer of $17 per share. Diodes’ stock rose 5.7 percent.
(Reuters) – Sony Pictures Entertainment Inc has reached a settlement agreement with nine former employees who had filed a lawsuit claiming that their personal data was stolen in a 2014 hacking tied to the studio’s release of a comedy film set in North Korea, “The Interview.” The plaintiffs’ have until Oct. 19 to submit a motion for preliminary approval of the proposed settlement case, according to a court filing. Sony
Based on his research of historical stock market valuations, Nobel Prize-winning economist Robert Shiller tells CNBC it’s a “risky time.”
The ECB also cut its inflation and growth forecasts for the euro zone in the wake of lower oil prices, weaker growth in China and a strengthening euro. Draghi’s remarks come a day ahead of the critical monthly U.S. jobs report, which may feed into the Federal Reserve’s decision on the timing of a rate hike.
Treasury Secretary Jack Lew, in an exclusive interview with CNBC, diplomatically but firmly criticized China’s handling of its devaluation.
DETROIT (AP) — Tesla Motors says it will reveal its lower-cost Model 3 electric car in March and will start taking orders then.
Leon Gorman, a grandson of L.L. Bean who led a modernization of his family’s outdoor clothing and gear retail business after the founder’s death, died Thursday at his home in Yarmouth. He was 80. Gorman …
The European Central Bank is ready to give the eurozone economy a bigger dose of stimulus if turmoil in China and weaker global growth hurt its modest recovery, President Mario Draghi said Thursday. Market …
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A few of the areas were sending warning signals for months that stocks ignored until quite recently.
