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Apple (NASDAQ:AAPL) cut its Samsung orders for DRAM and NAND memory chips for its new iPhone, while suppliers Elpida (ELPDF.PK), Toshiba (TOISF.PK) and SK Hynix (HXSCF.PK) will see a rise in business from the computer giant. Samsung continues as the sole manufacturer of Apple-designed microchips for the handset and the iPad. Apple’s DRAM and NAND bookings from the company had been declining prior to its latest order and independent of their patent war.
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Glencore (GLCNF.PK) increased its offer for Xstrata (XSRAF.PK) to 3.05 Glencore shares, up from its initial 2.8 shares in a last ditch effort to save the more than $60 billion merger. The new offer is lower than the 3.25 shares that leading Xstrata investor Qatar holdings had initially demanded, but that is no longer on the table. The most recent bid comes after Glencore postponed a Friday vote by Xstrata shareholders just before it was scheduled to take place.
News Corp. (NASDAQ:NWS) will acquire Consolidated Media (CMJFF.PK) for A$1.94 billion ($2 billion) and strengthen its Australian pay TV holdings. It’s not a done deal yet as the Kerry Stokes’ Seven Group is mulling a counter offer; it has a 25.3 percent stake in Consolidated. News Corp. will need a 75 percent approval at an October meeting to get the win.
On Thursday, Kraft (NYSE:KFT) warned that foreign exchange fluctuations will damper 2013 earnings of Mondelez by $0.15 per share. The company forecast $1.50-$1.55 earnings per share for Mondelez, below analysts’ predictions. Kraft also sees 5 percent-7 percent revenue growth.
Dell (NASDAQ:DELL) declared its first-ever quarterly dividend and will pay $0.08 per share. Its forward yield is 3.04 percent. The company said in June it would begin shareholders payouts.
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