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Apple Is Said to Be in Talks With Intel for Cellular Modem Unit

Apple Inc. is negotiating to buy Intel Corp.’s struggling cellular modem unit, said a person familiar with the matter. A deal would give Apple key engineering talent and patents that would help it develop new devices to connect to the mobile internet. The Intel assets could be valued at about $1...

CBS Goes Dark in More Than Dozen Cities Amid AT&T Dispute

CBS Corp., the most-watched TV network in the U.S., is off the air in more than a dozen U.S. cities due to an impasse between the network and AT&T Inc., one of the largest pay-TV providers. The network said in a tweet that AT&T has dropped it from its DirecTV and AT&T U-verse, which...

BuzzFeed Agrees to Recognize Union After Monthslong Standoff

BuzzFeed Inc. agreed to voluntarily recognize an employee union, ending a standoff that included a walkout and months of negotiations. After Bloomberg reported on the accord Friday, the union confirmed the agreement in a tweet . “We’re excited to share that we have reached a voluntary recognition...

Anwar Faces Uproar in Malaysian Party Over Sex Video Fight

Senior members of Malaysia’s ruling People’s Justice Party called on leader Anwar Ibrahim to stop making “divisive statements,” the clearest sign yet of divisions over whether he should succeed Mahathir Mohamad as prime minister. The statement, signed by 23 of 64 members of the party’s supreme...

U.S. Job Growth Seen Powering Record Back-to-School Spending

Last Christmas may have been a let down , but American shoppers are finally warmed up just in time for back-to-school spending. U.S. outlays this summer will rise 5.1% -- the most in eight years -- as wage gains and near-peak employment translate to higher sales, retail research firm Customer...

Indonesia Looks Ready to Pull Rate-Cut Trigger: Decision Guide

Indonesia is poised to cut interest rates for the first time in two years as the prospect of the U.S. unwinding some of its policy tightening bolsters the case for Jakarta to embark on an aggressive easing cycle. With the archipelago’s economy facing dimming prospects, policy makers are under...

Australia Bank Regulator Faces Overhaul After Damning Review

Australia’s banking regulator is set for a major overhaul after a government-commissioned review found it had a “culture of conformity” and needed to become more forceful. In a scathing 146-page report released Wednesday, the Australian Prudential Regulation Authority was found to be slow to act,...

Dewan Housing Finance Discusses Debt Revamp With Bondholders

Cash-strapped Dewan Housing Finance Corp. is in discussions with its bondholders to revamp its debt as the Indian mortgage lender tries to shore up its financials after posting its first quarterly loss in more than a decade. In a meeting with its rupee bondholders last week, Dewan Housing discussed...

Ericsson Ends Run of Forecast-Beating Results With Asia Warning

Ericsson AB posted earnings that missed analyst estimates for the first time in six quarters and said its rollout of 5G mobile networks in Asia would weigh on profitability, in a rare setback for Chief Executive Officer Borje Ekholm’s turnaround efforts. The Swedish network equipment vendor’s...

India Turbine Maker Slumps After Missing Dollar Bond Payment

Suzlon Energy Ltd., which became India’s biggest convertible-note defaulter in 2012, slumped in Mumbai after missing payments on dollar-denominated convertibles due Tuesday. Shares of the stressed wind-turbine maker fell as much as 8.6% in trading on Wednesday after missing a July 16 deadline to...

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