Sale of Standard Products Business being considered by NXP: Bloomberg

Citing sources familiar with the matter Bloomberg reported that NXP Semiconductors NV is considering a sale of its standard products business and has received interest from Chinese buyers. NXP makes semiconductor parts such as diodes, transistors and other standard chip products used in consumer electronics such as phones, television sets and cars. Sources that were…

Senior Staff Suspended Amid SFO Probe as Tata Steel UK Crisis Deepens

A criminal investigations has been by the British Serious Fraud Office has been prompted by the suspension of two senior Tata Steel executives along with 10 other people suspended over forgery allegations. Mark Broxholme, the managing director of the company’s specialty steels and bar business was suspended last November, reported The Guardian. Another senior executive…

FBI alerts companies to e-mail wire transfer scams

Companies who in the course of their business routinely wire transfer monies overseas are particularly susceptible to this scam. According to the FBI, companies across the United States have lost billions of dollars to scams as fraudsters impersonate company executives through emails requesting staff to transfer monies to accounts controlled by them. Losses from these…

China being overtaken by India’s Thirst for Oil

India is becoming the new China in the energy world. As India’s economy expands by luring the type of manufacturing that China is trying to shun, the world’s second-most populous nation is increasingly becoming the center for oil demand growth. India is trying to hedge its future energy needs by investing in new production at…