updated - July 14, 2020 Tuesday EDT
The Tsinghua Unigroup Ltd., a technology conglomerate backed by the China's government, is looking to acquire American chip maker Micron Technology Inc. for $23 billion, a deal that if successful would be biggest acquisition by Chinese company of an American firm.
The White House is pushing for a compromise between Greece and its creditors in Europe on concerns that the country's exit from the European Union will cause more than just economic problems in the region.
Microsoft Corp. said on Wednesday will scale down its struggling Nokia mobile phone business, eliminating 7,800 employees in the process, and write down $7.6 billion of the value related to this unit.
Walt Disney Co. is looking for a 30-year extension to its tax exemption in Anaheim, California as the company plans to a billion dollar expansion in the city, but the mayor who previously supported the tax break is now looking to get more to fund government programs.
South Korean tech giant Samsung Electronics Co Ltd onTuesday lowered its earnings guidance for the year as second quarter results fell below expectations due to shortage of its latest smartphone and falling sales in other market.