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The chipmaker plans to fund the deal with a combination of cash on hand from the combined companies and $1.75 billion in debt financing, the company said . Murphy became the head of Marvell past year and has since started a restructuring effort to diversify the company's offerings. The exchange ratio was based on a purchase price of $80 per share, which is a 21% premium to Cavium's closing price on November 2, before media reports about the transaction first surfaced.
  • Warmer weather, rising non-Opec output threaten oil market balance

    Warmer weather, rising non-Opec output threaten oil market balance

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    Under its "New Policies Scenario", based on existing legislation and announced policy intentions relative to emissions and climate change, the oil price should continue to rise towards $83 a barrel by the mid-2020s. Despite the cautious sentiment, traders said oil prices were unlikely to fall far, largely due to supply restrictions led by the Organization of the Petroleum Exporting Countries and Russian Federation, which have helped reduce excess stockpiles.
  • Missouri Attorney General Investigating Google

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    In the announcement, Hawley's office emphasized the historic $2.7 billion in fines leveled by the European Union against Google for its anti-trust practices and a complaint filed by the Electronic Privacy Information Center with the Federal Trade Commission on Google's consumer tracking practices.
  • JC Penney shares jump on holiday outlook, surprise sales rise

    JC Penney shares jump on holiday outlook, surprise sales rise

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    J. C. Penney Company, Inc is a holding company. Holding from a "sell" rating to a "hold" rating in a report on Tuesday, October 17th. Analysts reported that the Price Target for J. J.C. Penney had a negative net margin of 2.56% and a negative return on equity of 4.66%. The firm had revenue of $2.81 billion during the quarter, compared to analyst estimates of $2.77 billion.
  • The Investors Sell Nvidia Corp. (NVDA) on Strength Following Insider Selling

    The Investors Sell Nvidia Corp. (NVDA) on Strength Following Insider Selling

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    Jefferies Group LLC reaffirmed a "buy" rating and issued a $180.00 target price on shares of NVIDIA Corporation in a research note on Thursday, August 10th. 229.56 million shares or 0.71% less from 231.20 million shares in 2017Q1 were reported . The institutional investor held 74,155 shares of the broadcasting company at the end of 2017Q2, valued at $4.73 million, up from 48,303 at the end of the previous reported quarter.
  • Hasbro, Inc. (HAS) Reportedly Mulls Mattel Acquisition

    Hasbro, Inc. (HAS) Reportedly Mulls Mattel Acquisition

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    Hasbro Inc has made an approach to acquire rival Mattel Inc, a source familiar with the matter said yesterday, making it the latest attempt to combine the two biggest USA toymakers in over two decades. Hasbro shares were up 3.3%. Last month the company suspended its dividend and warned it would miss forecasts for revenue this year. The bankruptcy filing in September by Toy "R" Us, the largest toy retailer in the USA, highlighted struggles that the sector is facing including children's ...
  • AT&T may have to sell CNN to merge with Time Warner

    AT&T may have to sell CNN to merge with Time Warner

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    According to a Justice Department official, AT&T has offered to divest CNN . The Justice Department, which is reviewing the $85.4 billion deal, recently presented the options to the companies, the source added, confirming reports from United States media and the Financial Times.
  • Japanese companies stoked for China's Singles Day

    Japanese companies stoked for China's Singles Day

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    The Alibaba 11.11 Global Shopping Festival initially began as " Singles Day ", in which college students picked November 11 to celebrate being single, with the idea of inviting Chinese consumers to buy themselves gifts in the spirit of an "Anti-Valentine's" Day.
  • Uber plans to test a flying taxi service in LA

    Uber plans to test a flying taxi service in LA

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    The company envisions a network of small, electric aircraft in numerous cities worldwide to enable four-person flights. In interviews with the USA media overnight, including Bloomberg , Jeff Holden, Uber's chief product officer, confirmed the ride-hailing company had signed an agreement to work with NASA on "unmanned traffic management" systems.
  • Is SSE planning to exit the domestic energy market?

    Is SSE planning to exit the domestic energy market?

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    SSE and Innogy - the German owner of npower - said they had been in discussions about combining their gas and electricity supply businesses in the UK. "The combined business would be listed and SSE would demerge its shares to its shareholders", SSE said. SSE has more than 7.5m customers, and Npower more than 4.5m, although both are losing customers to cheaper rivals.
  • Koenigsegg beats Bugatti to title of world's fastest vehicle

    Koenigsegg beats Bugatti to title of world's fastest vehicle

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    It achieved a two-way average of 270.49mph on Valentine's Day in 2014. The hypercar was driven on two runs in opposite directions of an 11-mile stretch of closed public highway between Las Vegas and Pahrump. For those out of the loop, the Koenigsegg Agera RS is a twin-turbocharged 5.0-liter V8-powered Swedish hypercar. All data on the day was recorded and verified on site by Racelogic .
  • Intel pairs with longtime rival AMD to challenge Nvidia

    Intel pairs with longtime rival AMD to challenge Nvidia

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    It's scheduled to ship as early as the first quarter of 2018. Intel's new product give it a shot at some of the revenue that usually goes to those graphics chips, while generating new sales for AMD and muscling in on Nvidia's dominance in graphics units.
  • Qatar Airways buys stake in Cathay Pacific

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    Earlier this year it made a bid to buy 10 percent in American Airlines, the United States' largest carrier, but the deal went sour and Qatari officials eventually said that "it no longer met" Qatar Airways' objective. "We already work together closely as fellow members of the Oneworld alliance, and we look forward to a continued constructive relationship", said Rupert Hogg, chief executive officer, Cathay Pacific.
  • Facebook's stock dips after Zuck warns Russian crackdown will hurt profits

    Facebook's stock dips after Zuck warns Russian crackdown will hurt profits

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    But none of that matters if our services are utilized in ways that do not bring people closer together. Facebook's top lawyer, Colin Stretch, told U.S. The social media giant, along with Google and Twitter all sent general counsel this week to three scheduled meetings before the Senate Judiciary Committee on Russian influence in the 2016 presidential election .
  • Jefferies Group Increases Bellway plc (BWY) Price Target to GBX 2857

    Jefferies Group Increases Bellway plc (BWY) Price Target to GBX 2857

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    STI's SI was 9.45 million shares in November as released by FINRA. Shares in the Pru were up 0.8% at 1,864p. The stock traded as high as GBX 975 ($12.87) and last traded at GBX 963 ($12.71), with a volume of shares changing hands. Metropolitan Life Ins Ny reported 0% stake. (NASDAQ:AAPL). Bahl Gaynor holds 499,101 shares. Bremer Trust Association holds 30,348 shares. Invesco reported 0% in Achillion Pharmaceuticals, Inc.
  • Tourists to be banned from climbing Australia's most famous attraction

    Tourists to be banned from climbing Australia's most famous attraction

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    Visitors will be barred from climbing the Uluru from October 2019 following a decision by its traditional owners. "It's about protection through combining two systems, the government and Anangu", said board chairman Sammy Wilson. The Central Land Council said the board was to be congratulated for its move and said "nobody will miss the climb". "If I travel to another country and there is a sacred site, an area of restricted access, I don't enter or climb it, I respect it".