More than 400 Chinese products will be temporarily exempted from tariffs that President Donald Trump's administration imposed last year.China Economyread more
Apple will get a taste of whether upgraded features on the new iPhone 11 are enough to lure shoppers to retail stores around the world as the new smartphones officially hit...Technologyread more
As tensions might drag over the next decade, investors have to learn to operate under prolonged uncertainty, said Warburg Pincus' Charles Kaye.World Economyread more
U.S. Vice President Mike Pence on Thursday struck an unyielding tone on America's position in its trade war with China.Delivering Alpharead more
Billionaire investor Howard Marks, the co-chairman of Oaktree Capital, predicts there won't be a recession in the U.S. for another two years.US Economyread more
Network officials also said voters should expect more of a Koch focus on grassroots activism throughout the 2020 election cycle.Politicsread more
One person was killed and five others wounded on Thursday in a shooting on the streets of Washington, D.C., not far from the White House, police said.U.S. Newsread more
Stores are extending hours and cities are spending on light shows as China tries to encourage consumers to spend more money at night.China Economyread more
New research suggests fewer girls pursue careers in STEM — science, technology, engineering and math — because they're better than boys at reading.Closing The Gapread more
Stocks in Asia Pacific edged up on Friday as investors digested a series of developments overnight on the U.S.-China trade front that dampened hopes of a deal being reached...Asia Marketsread more
GM's usage of temporary workers, potential closure of plants and health care contributions remain major sticking points, according to people familiar with the talks.Autosread more
Headsets maker Plantronics said on Wednesday it would buy Polycom in a deal valued at $2 billion, two years after the video conferencing equipment maker was acquired by private-equity firm Siris Capital.
The cash-and-stock deal comprises about $948 million in cash and Plantronics shares worth $358 million, as well as $690 million in debt.
Polycom shareholders will own about 16 percent of the combined company.
The transaction is expected to immediately add to Plantronics' adjusted earnings and will save $75 million annually within one year of the deal's closing.
Plantronics said it intends to fund the cash portion of the offer with cash on hand and about $1.375 billion in debt financing.
Siris Capital had acquired Polycom for $1.7 billion in 2016, scuppering a three-month-old deal with Canada's Mitel Networks Corp.
Wells Fargo Securities is the lead financial adviser to Plantronics and Foley & Lardner is the legal adviser.
Moelis & Co. and Macquarie Capital are financial advisers to Polycom, while Sidley Austin its legal adviser.