U.S. Secretary of State Mike Pompeo says Huawei CFO Meng Wanzhou, who is under house arrest in Canada and facing extradition to America, is not a bargaining chip in the trade...Technologyread more
Boris Johnson will be meeting President Donald Trump to discuss a potential post-Brexit trade deal just as he tries to court EU leaders for a new withdrawal agreement.World Politicsread more
Arturo Estrella has a message for recession naysayers: It could hit sooner than you think.Marketsread more
Accountants in Hong Kong took to the streets on Friday to call for the government to accept five demands of the people, including the complete withdrawal of a now-suspended...China Politicsread more
Recent trade friction between the two Asian powerhouses has morphed into a dispute with political implications that go far beyond the region.Asia Politicsread more
Fed Chairman Jerome Powell faces the tough challenge of presenting a unified voice on Fed policy from the most divided Fed in years.Market Insiderread more
Local governments commonly share single service providers, making many vulnerable at once. On top of this, ransomware has often been used to mask more targeted, malicious...Technologyread more
Bank Indonesia on Thursday cut its key policy rate by 25 basis points to 5.5% to support growth amid an increasingly fragile global economy.Central Banksread more
Meanwhile, investors look ahead to Fed Chair Jerome Powell's speech at a yearly central banking symposium in Jackson Hole, Wyoming.Asia Marketsread more
The office has long been a breeding ground for budding romances. But actively going into business with your other half is another thing entirely.Successread more
Salesforce released its first earnings report since its $15.3 billion acquisition of Tableau Software, the company's largest deal ever.Technologyread more
Mellanox Technologies, which makes hardware that helps power supercomputers and Ethernet products used in data centers, has hired a financial adviser to seek a sale after receiving takeover interest from at least two companies, according to people familiar with the matter.
A deal isn't imminent and may not take place, said the people, who asked not to be named because discussions are private. Talks are still at an early stage, said the people.
Shares rose more than 15% after hours, after the talks were reported.
Mellanox reached an agreement with activist investor Starboard Value LP earlier this year that resulted in the company naming three new independent directors. Starboard had pushed the company to explore a sale after Marvell Technology Group approached the company last year and was rebuffed. Starboard is still the company's largest investor with a stake of more than 10 percent.
Mellanox has a market capitalization slightly under $4 billion as of Thursday after market close. The company has two corporate headquarters -- one in Sunnyvale, California and one in Yokneam, Israel. A Mellanox spokesman couldn't immediately be reached for comment.
Mellanox specializes in chips and other hardware for data center servers that power cloud computing.
Shares rose more than 10 percent during regular trading Thursday, a day after the company topped earnings estimates, reporting 24% year-over-year revenue growth.