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Volkswagen Sued For $3.7B In Germany Over Diesel Scandal

2016-03-16 01:12:30| Automakers - Topix.net

Braunschweig Germany March 15, 2016; Karin Matussek writing for Bloomberg News reported that Volkswagen AG is being sued for 3.3 billion euros over the cover-up of its polluting diesel engines, its biggest legal challenge in Germany after a wave of lawsuits in the U.S. centered on the scandal. The action was filed Monday at the Braunschweig Regional Court on behalf of 278 institutional investors from around the world, lawyer Andreas Tilp said by telephone.

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Avago completes $37B acquisition of Broadcom, changes name

2016-02-02 03:47:31| Chemicals - Topix.net

Avago Technologies Ltd., which employs roughly 1,300 people in Fort Collins, on Monday completed its $37 billion acquisition of rival chipmaker Broadcom Corp., a deal that was first announced last May. Officials for Avago - which has co-headquarters in San Jose, Calif., and Singapore - could not be reached Monday to comment on what impacts the mega-deal might have on the company's Fort Collins operations, Avago's largest facility. Shares of Avago and Irvine, Calif.-based Broadcom finished trading on Friday.

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Portland aerospace giant Precision Castparts sold to Warren Buffett's company for $37B

2015-08-11 10:23:12| Footwear - Topix.net

The boards of both Precision and Berkshire Hathaway Inc. unanimously approved the deal for $235 per share in cash. The transaction comes in at $37.2 billion, a figure that includes $5.2 billion in Precision's debt.

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Avago Buys Rival Broadcom for $37B

2015-06-02 09:55:27| Electronics - Topix.net

Chipmaker Avago Technologies is buying Broadcom Corp. for $37 billion in a cash and stock transaction. When the acquisition is complete, the merged company may not be the largest semiconductor company in the world but it will be an industry behemoth with annual revenues of about $15 billion.

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Broadcom Founders Built $37B Titan

2015-06-01 21:39:28| Electronics - Topix.net

The Broadcom tale of the two Henrys is a study in contrasts: one man deliberate and reserved, the other anything but. Henry T. Nicholas III and Henry Samueli pounded the Irvine chip maker in 1991 and went on to become two of Southern California's best-known and richest entrepreneurs, giants in the tech industry.

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