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Avago secures unconditional EU approval for $37 billion Broadcom buy

2015-11-23 21:31:27| Electronics - Topix.net

European antitrust regulators cleared on Monday Avago Technologies Ltd's planned $37 billion takeover of rival chipmaker Broadcom Corp without conditions. Spurred by demand for cheaper chips and new products to power Internet-connected gadgets as well as the need to cut costs, the global semi-conductor industry has seen a wave of consolidation this year, with the Avago, Broadcom deal among the biggest.

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Viagra + Botox = $160 Billion New Drug Deal

2015-11-23 21:31:22| Railroads - Topix.net

Pfizer is acquiring Allergan in a deal valued at about $160 billion. Allergan holders get 11.3 PFE shares.

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CP Rail willing to sweeten its $28 billion bid for NS

2015-11-23 21:31:21| Railroads - Topix.net

NEW YORK - Canadian Pacific Railway Ltd. is willing to sweeten its $28 billion takeover offer for Norfolk Southern Corp. and is 'going to do everything we can' to court the U.S. carrier's shareholders, Chief Executive Officer Hunter Harrison said.

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Best Buy posts USD 8.82 billion Q3 revenue

2015-11-22 12:00:00| Telecompaper Headlines

(Telecompaper) US consumer electronics retailer Best Buy posted USD 8.82 billion of revenue in its third quarter to 31 October, compared to USD 9.03 billion a year earlier. US sales improved by 1.2 percent to USD 8.09 billion from USD 7.99 billion and international segment revenue declined to USD 729 million from USD 1.04 billion. From a merchandising perspective, comparable sales growth in computing, major appliances, health and wearables, and large-screen televisions was partially offset by declines in tablets, mobile phones and digital imaging. Domestic online revenue of USD 709 million increased 18.3 percent on a comparable basis, primarily due to higher conversion rates and increased traffic. As a percentage of total domestic revenue, online revenue increased 130 basis points in a year to 8.8 percent. Best Buy recorded a 2.6 percent operating income margin in its latest quarter, versus 2.3 percent in the year-earlier period. Diluted EPS from continuing operations came to USD 0.37, compared to USD 0.33 a year ago. 

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Dominion Construction Projects to Produce $10 Billion in Economic Benefits for Virginia

2015-11-20 21:36:00| Transmission & Distribution World

Investments by Dominion over the next six years for projects to strengthen Virginia's energy infrastructure and meet environmental goals will create thousands of jobs and inject $10.1 billion into the state's economy read more

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