Business
London Living Wage rises to £10.20 an hour
The report revealed that three in five (59%) who earned below the RLW had experienced a sharp rise in living costs, whereas almost two times as many (17%) noticed a decline in pay compared to those who experienced an increase (9%). Living wage advocates will gather at Parliament today to congratulate the new Government. "Millions of people are living in poverty despite being part of working households", TUC general secretary Frances O'Grady said.
Business
Broadcom offers to buy Qualcomm in $130 billion deal
It's prepared to launch a proxy battle should Qualcomm spurn the $70-a-share proposal, a person familiar with the matter has said. Reports suggest that Broadcom would not go over Qualcomm's offer of $110 per share to acquire NXP, so it may add urgency to NXP investors to close the deal after all.
Business
Intel joins forces with AMD to battle Nvidia
Behind the new chip design is Intel's EMIB , " a small intelligent bridge that allows heterogeneous silicon to quickly pass information in extremely close proximity ". The new partnership is nearly certainly a response to the growing threat posed by Nvidia , whose graphics processors are now used for everything from high-end PC gaming to cryptocurrency processing to deep learning neural networks and more.
Business
Qatar Airways gets seat for any Cathay dealmaking
Swire Pacific owns 45 per cent of Cathay and Air China, 30 per cent. Air China yesterday said it viewed Qatar Airways' purchase of the Cathay stake "positively" and that it hoped the shareholders could work together to find synergies. The two carriers codeshared on each other's services between the two cities, with Cathay also placing its CX airline code on Qatar-operated services beyond Doha to points in Europe, the Middle East and South America and Qatar adding its QR airline code on ...
Business
Wilder Calls out Anthony Joshua After Destruction of Stiverne
That left Wilder to instead face Stiverne, who was scheduled to fight on the undercard before being moved up the main event. "So much frustration. Facing the camera and addressing Joshua directly, he said: "I declare war on you!" I've been waiting for a long time. I'm saying it because two unbeaten heavyweights, one unified champion, one lineal champion, both over six foot six tall, both over 18 stone.
Business
Bank of America Corporation (NYSE:BAC) Trading Up - Shorts Down -5.04%
It has outperformed by 26.00% the S&P500. Prince Street Capital Management Llc increased Cemex Sab De Cv (CX) stake by 165.37% reported in 2017Q2 SEC filing. now owns 33,108,834 shares of the financial services provider's stock worth $803,221,000 after acquiring an additional 173,379 shares in the last quarter.