Finanace

(Bloomberg) -- Renesas Electronics Corp. of Japan has agreed to acquire Apple Inc. supplier Dialog Semiconductor Plc, the latest U.K.-based chipmaker being sold to Asian investors.Renesas is making an all-cash offer of about 4.9 billion euros ($5.9 billion), at 67.50 euros per share, according to statements made by the companies on Monday. Dialog shares rose 17% to 65.68 in … [Read more...] about Dialog Agrees to $6 Billion Takeover by Renesas Electronics

Long before GameStop, there was Piggly Wiggly. In 1923, the supermarket company—which still does business in the South and Midwest—was at the center of a short squeeze/market morality play that echoes the recent frenzy around GameStop. As with GameStop and other “meme” companies like AMC Entertainment, Piggly Wiggly was being sold short by several big Wall Street … [Read more...] about The GameStop Phenomenon Is Hardly New. Here’s How a Similar Squeeze Played Out in 1923.

China’s tech giants face new anti-monopoly rules … [Read more...] about China’s tech giants face new anti-monopoly rules

The price of oil has recovered to its pre-pandemic levels.The price of oil has recovered to its pre-pandemic levels having hit an all-time low last year.While demand for oil is still lower than normal, there are hopes of a speedier than expected economic recovery as vaccines are rolled out.Oil prices are often seen as a barometer for economic activity, still struggling with the … [Read more...] about Oil prices climb back to pre-pandemic levels

When Exxon struck the biggest deal of a $300bn wave of oil mergers during the brutal late-1990s crude price collapse, Mobil chief executive Lou Noto gave a warning to the industry.“We need to face some facts,” he said as he announced his company’s takeover. “The world has changed, the easy things are behind us. The easy oil, the easy cost savings, they’re done. So all of us are … [Read more...] about Big oil’s huge losses raise prospect of mega mergers