The Traderszone Network

The company has been under pressure from hedge fund Jana Partners to spin off its chip business from its highly profitable patent-licensing business. The San Diego, California-based chipmaker may announce that it is considering that and other options – including returning more cash to shareholders, when it reports third-quarter results on Wednesday, sources told the Journal. The news comes after reports earlier on Monday that Qualcomm is preparing to lay off several thousand employees.

The company has been under pressure from hedge fund Jana Partners to spin off its chip business from its highly profitable patent-licensing business. The San Diego, California-based chipmaker may announce that it is considering that and other options – including returning more cash to shareholders, when it reports third-quarter results on Wednesday, sources told the Journal. The news comes after reports earlier on Monday that Qualcomm is preparing to lay off several thousand employees.

Ford Motor Co (F.N) on Tuesday will launch a new luxury version of its F-150 pickup truck that could command prices above $60,000, answering growing demand from U.S. consumers for trucks that could substitute for a higher end German sedan. The 2016 Ford F-150 Limited will go on sale later this year, and will be a step up from the automaker’s current top-of-the-line pickup, the F-150 Platinum. Low gasoline prices along with better fuel economy have boosted demand for feature-laden duty trucks and large SUVs which are helping the bottom lines for the three Detroit automakers.

Ford Motor Co (F.N) on Tuesday will launch a new luxury version of its F-150 pickup truck that could command prices above $60,000, answering growing demand from U.S. consumers for trucks that could substitute for a higher end German sedan. The 2016 Ford F-150 Limited will go on sale later this year, and will be a step up from the automaker’s current top-of-the-line pickup, the F-150 Platinum. Low gasoline prices along with better fuel economy have boosted demand for feature-laden duty trucks and large SUVs which are helping the bottom lines for the three Detroit automakers.

Qualcomm, which reported a 46 percent drop in second-quarter profit in April, is facing increasing competition from Taiwan’s MediaTek Inc and a handful of small Chinese companies that specialize in making chips for low-priced phones. Qualcomm could shift more research and development activities to low-cost countries such as India for further cost savings, the Information reported, citing one person.

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Qualcomm, which reported a 46 percent drop in second-quarter profit in April, is facing increasing competition from Taiwan’s MediaTek Inc and a handful of small Chinese companies that specialize in making chips for low-priced phones. Qualcomm could shift more research and development activities to low-cost countries such as India for further cost savings, the Information reported, citing one person.

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New York state’s banking regulator has intensified an investigation into Promontory Financial Group, a global consulting firm, over its work for Standard Chartered Plc (STAN.L), according to a person familiar with the matter. The probe, conducted by the New York State Department of Financial Services (NYDFS), focuses on a 2011 report to regulators about the British bank’s transactions with Iran and other sanctioned countries, the person said. At stake in the investigation is whether Promontory may have amended the report to regulators under pressure from the bank, the source said.