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Qualcomm-NXP $43 Billion Deal Approved by Chinese Regulators

Qualcomm-NXP $43 Billion Deal Approved by Chinese Regulators

QUALCOMM, Inc. (NASDAQ: QCOM) acquisition of NXP Semiconductors NV for $43 billion has been approved by Chinese regulators. The approval, which has been pending for 18 months, removes the final obstacle to the purchase. The decision will allow the t..

Lab-Grown Meat, backed by Bill Gates & Tyson Foods, Meets FDA

Lab-Grown Meat, backed by Bill Gates & Tyson Foods, Meets FDA

There are lab-grown meat startups relying on animal cells to produce beef, poultry and seafood products for consumers. Companies like Memphis Meats Inc. and Future Meat Technologies have taken advantage of creating cultured meat, an alternative to r..

Qualcomm Doesn't Plan to Leave Data Center Market

Qualcomm Doesn't Plan to Leave Data Center Market

QUALCOMM, Inc. (NASDAQ: QCOM) doesn’t plan to abandon its efforts to create processors for data centers according to the company’s president Cristiano Amon. Qualcomm released chips using technology from Softbank Group Corp’s A..

H&R Block shutting down 400 stores

H&R Block shutting down 400 stores

H&R Block (NYSE: HRB), a tax preparation firm with almost 10,000 locations across the U.S., announced on Tuesday that it would be closing 400 locations due to a discouraging financial outlook for rest of 2018.  Following the announceme..

Tesla cuts 9% of its workforce for profit

Tesla cuts 9% of its workforce for profit

Tesla Inc (NASDAQ: TSLA) CEO Elon Musk, in an email to employees, wrote “Tesla has grown and evolved rapidly over the past several years, which has resulted in some duplication of roles and some job functions that, while they made sense in th..

Citigroup Warns of Possible Major Job Cuts Due to Automation

Citigroup Warns of Possible Major Job Cuts Due to Automation

Citigroup Inc (NYSE: C), has put forward the notion that it will attempt to shed up to 50% of its technology and operations staff within the next five years. This amounts to approximately 10,000 of its 20,000 staff in the field.Jamie Forese, preside..

John Wiley & Sons Beat on Q4 Earnings

John Wiley & Sons Beat on Q4 Earnings

On Tuesday, John Wiley & Sons, Inc. (NYSE: JW.A) announced its financial results for the fourth quarter for fiscal 2018. Shares of the global research and education company remained unchanged in premarket trading Tuesday after reaching $68.9 per..