Apple

Apple Supplier Skyworks in $8 Billion Merger Talks With Qorvo: Report

Apple supplier Skyworks Solutions is reportedly in advanced talks to buy rival Qorvo for about $8 billion, according to The Information and follow-up reports. The potential deal, covered by Reuters, MarketScreener, The Hindu Business Line, and Economic Times, would combine two major makers of RF chips and 5G components that supply Apple iPhone models and…

Petrofac Administration: Oil Firm Collapses Putting 2,000 Jobs at Risk as UK Watchdog Eyes Greencore-Bakkavor Deal

Petrofac Administration: Oil Firm Collapses Putting 2,000 Jobs at Risk as UK Watchdog Eyes Greencore-Bakkavor Deal

In a significant development within the UK’s energy sector, Petrofac, a prominent oil and gas services company, has entered administration, placing over 2,000 jobs at risk. This move has sent shockwaves through the industry, highlighting ongoing challenges in the North Sea oil and gas sector. Simultaneously, the UK Competition and Markets Authority (CMA) is scrutinizing…

US Stock Market
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US Stock Market Oct 28 Update: Dow, S&P 500, Nasdaq Futures Gain After Record Highs

The US Stock Market extended gains on Oct 28, as futures for the Dow, S&P 500, and Nasdaq moved higher after record closing highs. Investors cheered strong tech earnings and renewed optimism on US-China talks, while Treasury yields eased and traders priced in Fed easing. This upbeat mix kept risk appetite high and set the…