76ers anthem singer says 'We Matter' shirt got her the boot
Qualcomm to buy NXP for $38 billion in largest chip deal
Qualcomm Inc agreed to buy NXP Semiconductors NV for about $38 billion in the biggest-ever semiconductor industry deal, expanding the reach of its chips from phones to cars. The deal will make Qualcomm, which provides chips to Android smartphone makers and Apple Inc , the top supplier of chips to the automotive industry and help to reduce its dependence on the smartphone market. San Diego-based Qualcomm, which gets most of its profit from wireless patents it licenses to the mobile industry, has been facing slowing smartphone sales and stiff competition from Chinese and Taiwanese rivals.
UK economy escapes short-term Brexit hit, gets Nissan boost
By William Schomberg and Costas Pitas LONDON (Reuters) - Britain's economy slowed only slightly in the three months after the Brexit vote and carmaker Nissan said it would build more cars in the country, tempering fears about the immediate economic impact of the decision to leave the European Union. The stronger-than-expected growth figures published on Thursday further diminished the likelihood of the Bank of England cutting rates as soon as next week, prompting investors to sell British government bonds.
Hammond says economy needs support despite third quarter growth
The Chancellor of exchequer Philip Hammond said he would need to take steps to support growth in his first budget statement next month, despite data on Thursday showing the economy slowed less than expected after Britain voted to leave the European Union. "I think it is right that we still prepare to support the economy during the coming period to make sure that we get through this period of uncertainty," Hammond told reporters.
The Latest: Trump won't commit to working with Clinton
Ford's 3Q profit falls on recall, truck launch
European banks reassure on earnings, dollar holds near highs
Reassuring results from some of Europe's biggest banks gave the region's beaten-down financials a boost on Thursday and helped offset weakness in industrial and tech stocks, while higher bond yields continued to underpin the dollar. As corporate earnings continued to dominate headlines, growing expectations that the U.S. Federal Reserve will raise interest rates by the end of the year have kept gains in risky assets in check. Markets are now pricing in a 74 percent chance that the U.S. Federal Reserve will raise interest rates at its December meeting, according to CME Group's FedWatch tool, following a series of hawkish comments from Fed policymakers.
Nigeria says security first goal in oil roadmap: oil minister
Nigerian President Muhammadu Buhari will meet leaders of the restive Niger Delta in Abuja next week in an attempt to end an insurgency in the oil-producing region, the oil minister said. Ending unrest in the region that accounts for most of Nigeria's oil production was the first goal of an energy industry roadmap unveiled on Thursday, Emmanuel Ibe Kachikwu said. The bill itself, which covers everything from an overhaul of state oil company NNPC to taxes on upstream projects, was delayed by violence in the Delta, which briefly brought production to 30-year lows.
Twitter beats estimates, cuts jobs with eye on 2017 profitability
Twitter Inc said Thursday it would cut 9 percent of its global workforce to keep costs down as the microblogging service reported quarterly results that beat Wall Street expectations, lifting shares. Excluding items, the company earned 13 cents per share, beating the average estimate of 9 cents, according to Thomson Reuters I/B/E/S. "We're getting more disciplined about how we invest in the business, and we set a company goal of driving toward GAAP profitability in 2017," said Chief Financial Officer Anthony Noto. Twitter, which has seen user growth stall amid competition from nimbler rivals such as Instagram and Snapchat, said its user base ticked up 3 percent to 317 million average monthly active users in the quarter.
Sale or no sale, changes could come to Twitter users