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Broadcom Corp

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  • *Intel to offer $54 per share- source. May 29- Intel Corp has resumed talks to buy programmable-chip maker Altera Corp and is close to a $16 billion deal, people familiar with the matter said on Friday, paving way for the third mega semiconductor-chip deal this year. The deal will allow Intel to bundle its own server chips with Altera's line of programmable chips,...

  • *Broadcom, Avago shares slip after big rise on Wednesday. May 28- Avago Technologies Ltd agreed on Thursday to buy Broadcom Corp for $37 billion in the largest merger of chipmakers ever, turning a lesser known company run by a ferocious dealmaker into one of the biggest industry players. Avago, which serves the wireless and industrial markets, is offering Broadcom...

  • May 29- Intel Corp has resumed negotiations to buy smaller chip maker Altera Corp and is close to a $16 billion acquisition agreement, people familiar with the matter said on Friday. Intel and Altera did not respond to requests for comment. In April, Altera rejected an unsolicited $54 per share offer from Intel following months of negotiations, sources told...

  • May 29- Intel Corp has resumed negotiations to buy smaller chip maker Altera Corp and is close to a $15 billion acquisition agreement, a person familiar with the matter said on Friday. Intel and Altera did not respond to requests for comment. In April, Altera rejected an unsolicited $54 per share offer from Intel following months of negotiations, sources told...

  • Intel nears $15 bln deal to buy Altera - NY Post Friday, 29 May 2015 | 1:07 AM ET

    May 29- Intel Corp is close to a deal to buy smaller chip maker Altera Corp for about $15 billion, the New York Post reported. The deal price could be as much as $54 a share, a 15 percent premium over Altera's Thursday closing price of $46.97, the New York Post reported, citing a source close to the situation. Altera in April rejected an unsolicited $54 per share offer from...

  • May 28- Avago Technologies Ltd's $37 billion deal to buy chipmaker Broadcom Corp creates new competitive challenges for Qualcomm and may force the world's largest mobile chip maker to radically rethink its own strategy. Qualcomm Inc, which has dominated the market for connectivity chips on smartphones, has been looking to extend its reach into data centers...

  • Express and Broadcom are big market movers Thursday, 28 May 2015 | 4:29 PM ET

    NEW YORK— Stocks that moved substantially or traded heavily Thursday on the New York Stock Exchange and the Nasdaq Stock Market:. Express Inc., up 79 cents to $17.41. Abercrombie& Fitch Co., up $2.65 to $22.30.

  • Stocks end lower as Greece weighs, transports lag Thursday, 28 May 2015 | 4:00 PM ET
    Traders work on the floor of the New York Stock Exchange.

    U.S. stocks closed Thursday's trading session down as a lack of resolution on Greece debt talks and declining transports weighed.

  • European shares dip as Athens angst fails to abate Thursday, 28 May 2015 | 12:33 PM ET

    *Athens' ATG falls 1.7 pct, underperforms FTSEurofirst 300. LONDON, May 28- European shares retreated on Thursday, as lingering uncertainty over Greece's debt problems held back the region's stock markets. European equities had rallied on Wednesday on reports of a staff-level agreement between Greece and its creditors, until German Finance Minister Wolfgang...

  • *Broadcom, Avago shares slip after big rise on Wednesday. May 28- Avago Technologies Ltd agreed to buy Broadcom Corp for $37 billion in the biggest chip industry deal ever, creating a company that will be able to supply chips used in everything from iPhones to servers used in data centers. Avago, a maker of chips for the wireless and industrial markets, is offering...

  • European shares dip as uncertainty over Greece continues Thursday, 28 May 2015 | 10:26 AM ET

    LONDON, May 28- European shares slipped on Thursday, as uncertainty over Greece's debt problems held back the region's stock markets. European equities had rallied on Wednesday on reports of a staff-level agreement between Greece and its creditors, until German Finance Minister Wolfgang Schaeuble said not much progress had been made. Most investors expect...

  • US STOCKS-Wall St falls amid Greece worries, China tumble Thursday, 28 May 2015 | 10:10 AM ET

    *Avago rises after agreeing to buy Broadcom for $37 bln. *Abercrombie& Fitch rises after positive forecast. European officials downplayed talk that Greece and its lenders were drafting an agreement that would provide Athens much-needed debt relief.

  • NEW YORK— U.S. stocks fell slightly Thursday, following a sell-off in the Chinese market and continued worries about the approaching debt payment deadline for cash-starved Greece. In corporate news, chipmakers Avago Technologies and Broadcom agreed to merge in a $37 billion deal. Both stocks had jumped sharply Wednesday— Broadcom by 22 percent and Avago by 8...

  • Slight declines for US stock indexes in early trading Thursday, 28 May 2015 | 9:39 AM ET

    NEW YORK— Stocks are moderately lower in early trading, a day after the Nasdaq composite closed at a record high. Avago rose 2 percent after reporting that its second-quarter earnings doubled and that it would buy rival chipmaker Broadcom. The price of crude oil fell 54 cents to $56.98 a barrel in New York.

  • Avago to buy Broadcom in $37 billion deal Thursday, 28 May 2015 | 9:13 AM ET
    Broadcom

    Avago Technologies on Thursday agreed to buy Broadcom for $37 billion in cash and stock.

  • *Avago rises after agreeing to buy Broadcom for $37 bln. *Abercrombie& Fitch rises after positive forecast. Initial claims for state unemployment benefits rose by 7,000 to a seasonally adjusted 282,000 for the week ended May 23, the Labor Department said on Thursday.

  • Wall Street New York Stock Exchange NYSE American Flags

    U.S. stock index futures traded lower on Thursday, as hopes faded that a rescue-for-reforms deal for crisis-struck Greece was nearing.

  • Early movers: BRCM, COST, EXPR, ANF & more Thursday, 28 May 2015 | 7:52 AM ET
    Traders work on the floor of the New York Stock Exchange.

    Some of the names on the move ahead of the open.

  • UPDATE 1-Avago to buy Broadcom in $37 bln chip deal Thursday, 28 May 2015 | 7:41 AM ET

    May 28- Avago Technologies Ltd said it would buy fellow chipmaker Broadcom Corp in a cash-and-stock deal valued at $37 billion. Avago, a maker of chips for the wireless and industrial markets, is offering Broadcom shareholders $17 billion in cash and Avago shares valued at $20 billion. Broadcom had a market value of $28.85 billion as of Tuesday's close, while...

  • NEW YORK— Avago Technologies is buying rival chipmaker Broadcom in a cash and stock deal worth about $37 billion, vastly expanding its lineup of products for the rapidly growing wireless device market at a time when sales growth has otherwise been tough to come by for smaller chipmakers. Hock Tan, Avago's president and chief executive, says that the deal will...