NXP Semiconductors to Sell RF Power to a Chinese Firm for $1.8 Billion

Dutch semiconductor manufacturer NXP Semiconductors NV (NXPI) said Thursday it agreed to sell its RF Power business to Jianguang Asset Management Co. for $1.8 billion.

FIFA Faces Mounting Pressure From Sponsors

The day after FIFA was plunged into crisis by a sprawling corruption scandal, soccer's world governing body awoke to mounting pressure from some of its largest sponsors.

Airbus Mulls Jetliner Production Boost

Airbus is thinking of further increasing its output of the popular A320 single-aisle jetliner by as much as 26% to more than 60 a month.

Alibaba Strengthens Next-Day Delivery Services

Alibaba is ramping up efforts to provide next-day delivery services to more Chinese cities.

Hong Kong Regulator Investigating Hanergy

Hong Kong's market regulator said it is investigating Chinese solar firm Hanergy-after the company's chairman told Chinese media that a probe was "purely rumor."

Sunac Drops Kaisa Takeover Plan

China's Sunac said it is terminating its takeover attempt of Kaisa Group, a struggling property developer that defaulted on its loans and bond payments earlier this year.

J.P. Morgan Sees Losing Some Business Due to FX Guilty Plea

J.P. Morgan Chief James Dimon said the bank's recent foreign exchange guilty plea didn't cripple the bank, but it was a scary outcome that will probably cost it some business.

Broadcom in $35 Billion Merger Talks

Chip maker Broadcom is in advanced talks to be bought by rival Avago Technologies in a deal worth more than $35 billion, the latest in a recent string of mergers in the semiconductor industry.

Apollo to Buy Minority Stake in CH2M Hill

Apollo Global Management has agreed to buy a minority stake in CH2M Hill, a deal that values the global engineering services company at roughly $2 billion.

Costco Wholesale Profit Up

Costco Wholesale's third-quarter profit rose as the company continues to benefit from low gas prices, strong store sales and membership fees.

Google's Search for Platforms on Display

Google this week will make a renewed push for developers to work with Android for wearable devices, Internet-connected TVs, cars and virtual reality at its I/O conference.

Semtech Results Hurt by Smartphone Customer Demand

Semtech Corp. said demand from its largest smartphone customer was much lower than expected in the April quarter, and it projected results below Wall Street views for the current quarter.

FDA Clears Two Irritable Bowel Syndrome Treatments

The U.S. Food and Drug Administration has cleared two treatments for irritable bowel syndrome with diarrhea, approving drugs that are both linked to recent merger activity in the sector.

Chevron Sells Stake in New Zealand Refinery

Chevron raised more than $59 million through the sale of its around 11% interest in Refining NZ.