Dialog Semiconductor, which supplies power management chips for Apple‘s iPhone, is in talks to acquire Synaptics, the maker of touch-screen and display technology used in mobile devices, according to a person familiar with the matter. Bloomberg previously reported the talks. Dialog, which has a market capitalization of about $1.1 billion, is smaller than Synaptics, whose
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EU antitrust regulators are set to approve U.S. cable company Comcast’s bid for European pay-TV company Sky without demanding concessions, two people familiar with the matter said on Friday. Comcast is battling Rupert Murdoch’s Twenty-First Century Fox for Sky. The media mogul’s bid to buy all of Sky has been delayed by politicians and regulators
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KFC is joining the healthier food trend by testing vegetarian fried chicken. Foodbeast reports that it would be the first vegetarian fried chicken offered by a big-name quick-service chain. Louisville-based KFC will test the product in the United Kingdom, and Foodbeast says smaller restaurants there, such as Temple Seitan, are famous for their versions of
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Alibaba affiliate Ant Financial is now reportedly worth more than Goldman Sachs, thanks largely to dominance in two trends that have swept China: mobile payments and money market funds for consumers. Ant Financial announced Friday Beijing time that it raised about $14 billion. The funding values the company at around $150 billion, The Wall Street
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The “Fast Money” traders shared their first moves for the market open. Pete Najarian was a buyer of Target. Tim Seymour was a buyer of Yandex. David Seaburg was a buyer of Advanced Micro Devices. Guy Adami was a buyer of Transocean. Trader disclosure: On June 7, 2018, the following stocks and commodities mentioned or
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Emerging market stocks are sinking, and one portfolio manager is urging more caution. Chad Morganlander, portfolio manager at Washington Crossing Advisors, told CNBC’s “Trading Nation” that emerging markets could fall further. Here’s why. • One large emerging markets-tracking ETF, the EEM, has fallen 1.5 percent this year amid a gradually strengthening U.S. dollar and concerns
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Allianz Technology Trust (ATT) doesn’t hold heavy positions in many FAANG stocks, senior portfolio manager Walter Price told CNBC on Friday, partly because he prefers opportunities elsewhere, but also because he doesn’t see massive growth ahead. FAANG refers to a basket of high-technology growth stocks — Facebook, Amazon, Apple, Netflix and Google — that have
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Israeli investor Yossi Vardi has a knack for identifying top tech companies. Over his five-decade career, the 76-year-old has earned a multi-million-dollar fortune and the unofficial title of Israel’s hi-tech ‘godfather’ after investing in almost 90 IT companies, including the world’s first instant messaging platform, ICQ. So what is his winning formula? CNBC Make It
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Shares of Procter & Gamble rose Thursday after Trian Partners’ Nelson Peltz indicated his proposal for reorganizing the company was gaining traction. “It’s really under very serious consideration,” Peltz said of Trian’s white paper, which describes how P&G could improve its business with measures such as reorganizing the company into three autonomous units, developing local
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