Jane King has today's top stories:
Broadcom Could Make Offer For Qualcomm:
Broadcom (BRCM) could offer to buy Qualcomm (QCOM) for $100 billion. The Wall Street Journal says that offer could come today. Qualcomm makes chips used in smartphones. Broadcom makes equipment for networking and communications. This would be the largest chip industry deal ever and it comes as Broadcom announced last week that it would move its U.S. headquarters from Singapore to the United States.
Sprint and T-Mobile Called Off Merger Plans:
Sprint (S) and T-mobile (TMUS) have called off merger plans over the weekend, reportedly because they couldn't agree who would run the combined business. The companies had tried to merge to become a stronger competitor to AT&T (T) and Verizon (VZ) .
Saudi Crown Prince Cracks Down Corruption:
Saudi Crown Prince Salman is cracking down on corruption in the Kingdom. One of those arrested was Prince Alwaleed Bin Talal. He owns most of Kingdom Holdings, which has stakes in Twitter (TWTR) , NewsCorp (NEWS) and other American companies.
More of What's Trending on TheStreet:
- Saudi Arabia Purge Could Signal Return to Oil Reliance, Not Economic Openness
- How Unpredictable Donald Trump Will Impact Your Health Insurance in 2018
- Why Well-Paid CEOs Don't Like Guys Like Me: Bill Ackman
- ATM Fees Are Robbing You Blind: Here's How to Avoid Them
