Respected semiconductor maker Microchip Technology (Nasdaq: MCHP) said it will acquire smaller Standard Microsystems (Nasdaq: SMSC) for $939 million.
U.S. light vehicle sales increased 2 percent in April to 1.2 million cars on continued high demand for fuel-efficient cars, and sales are projected to continue at a strong clip, maintaining an annualized rate of 14.4 million.
Toyota Motor Corporation (NYSE: TM) U.S. April sales rose 11.6 percent, despite fewer selling days than the previous year, as consumer demand for hybrid vehicles like the Camry Hybrid and Prius remained high, the company reported Tuesday.
Houston-based oil ang gas giant ConocoPhillips (NYSE: COP) has been fined $257 million to settle charges brought by the Chinese government following a massive oil spill. The company's Chinese venture partner, CNOOC Ltd., was also fined, to the tune of $76 million.
Honda Motor Company Limited (NYSE: HMC) said Tuesday that U.S. sales last month fell 2.2 percent because of three fewer selling days than in April 2011, but on a selling-day adjusted basis sales actually jumped 10 percent on strong demand for Accord and Civic hybrids.
The news of the day centered on a better-than-expected U.S. manufacturing report for April, which sent ripples across the markets, boosting stocks as investors moved away from bonds and giving a bump to the dollar and crude oil. Investors are hoping this good news will be matched in Friday?s April U.S. jobs report.
Microsoft (Nasdaq: MSFT), the world's biggest software company, announced it'll invest $300 million into a new business with Barnes & Noble (NYSE: BKS) to burnish the future of the Nook.
The CEO of Chesapeake Energy Corp. (NYSE: CHK), the second-largest U.S. natural gas producer, will give up the role of chairman after shareholders said there was a potential conflict of interest with his separate investments, the company said Tuesday.
General Motors Company (NYSE: GM), the world's largest car company, reported an 8.2 percent drop in April sales on declining fleet sales and fewer selling days compared to the year before.
Time Warner Inc. (NYSE: TWX), one of the world's largest media conglomerates, is expected to have increased revenue and earnings per share in the first quarter, as viewership in its cable television division increases.
Ford Motor Company (NYSE: F) sales dropped 5 percent in April, despite sales growth for its Explorer, F-series trucks, Fusion and Edge vehicles, the company reported Tuesday.
Samsung Electronics (NYSE: SSNLF) reclaimed the No. 1 rank in mobile phone shipments overall and in the smartphone sector, market researcher IDC reported.
Symantec Corp. (Nasdaq: SYMC), the largest provider of security software, is likely to confirm prior guidance for lower-than-expected fourth-quarter results on Wednesday.
China pushes ahead with efforts to create a regional and global alternative to GPS.
Mergers and acquisitions are on the upstream as low interest rates, rising business and consumer confidence plus depressed prices for some assets have companies seeking buys that will allow them to expand or cut costs through synergy.
Grupa ADV (Pink: GPVSY), a fast-growing Polish media and software group, expects international sales to double this year, said CFO Adam Kuszyk.
The Coca-Cola Co. (NYSE: KO) is in talks to buy energy drink maker Monster Beverage Corp. (Nasdaq: MNST), an $11.6 billion company whose shares rocketed more than 20 percent Monday, in what would be Coca-Cola's largest acquisition, the Wall Street Journal reported.
Delta Air Lines Inc. (NYSE: DAL), the second-largest U.S. commercial airline, is reportedly close to a bid for a Pennsylvania oil refinery that could mitigate high fuel costs by cutting out the middleman.
Medical device maker Hologic Inc. said Monday it would acquire diagnostic test maker Gen-Probe Inc. for about $3.7 billion in cash to expand its molecular diagnostic business, international presence and cross-selling opportunities.
The Boeing Company (NYSE: BA) is expected to sell 60 737 aircraft to Air Lease Corp. (NYSE: AL) in a deal with a nominal book value of about $5.5 billion, the Wall Street Journal said Monday.
Private equity group Terra Firma Capital Partners said Monday it would buy Four Seasons Health Care, the UK's largest independent elderly healthcare provider, for 825 million pounds ($1.34 billion) to take advantage of the growing demand.
Energy Transfer Partners LP (NYSE: ETP) is buying Sunoco Inc. (NYSE: SUN) in a $5.3 billion cash and stock deal that will allow the Dallas-based natural gas company to expand into heavier hydrocarbons and acquire Sunoco's approximately 4,900 gas stations.
