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Qualcomm Inc News

19 Jun 2018

What Can Beijing Do if China-US Trade Row Worsens?

© Dmitry V. Petrenko / Adobe Stock

China and the United States sank into a deepening trade conflict that roiled financial markets Tuesday after U.S. President Donald Trump threatened to impose tariffs on an additional $200 billion of Chinese products, prompting Beijing to accuse Washington of starting a trade war.Trump said Monday his threat was retaliation for China's decision to raise tariffs on $50 billion of U.S. goods over the weekend, a move that itself was in response to additional U.S. tariffs on Chinese…

23 Jun 2014

Wall St Stabilizes After 6 Days of Gains, Energy Sector Advances

U.S. stocks ended little changed on Monday in a quiet session, as investors saw little reason to continue buying on Wall Street after a winning streak of six days of the S & P 500, although the activity mergers and acquisitions boosted the energy sector. * The S & P 500 halted its longest streak profit since mid-April, after hitting session highs on Friday, with the Dow Jones. Investors await catalyst to continue the progress, but the upward trend is seen Wall Street largely intact. * Sales of U.S. existing homes rose in May at a rate more than double than expected, while the preliminary reading of manufacturing index hit its highest level since May 2010.

26 Sep 2000

Globalstar To Receive Additional Financing

Satellite telecommunications firm Globalstar Telecommunications said on Monday that five of its founding partners will provide the company with further equity financing. Under the terms of their agreements, Loral Space & Communications Ltd., Vodafone Group Plc, Qualcomm Inc.; Elsacom, and a France Telecom/Alcatel partnership will purchase 5.2 million shares of common stock of Globalstar for $56 million. Loral will purchase $12 million of this total. A sixth partner, ChinaSat, has indicated an intent to purchase an additional $12 million of Globalstar shares upon receipt of government approval. The share purchases are based on a price of $10.71 per share. The transaction is expected to close by September 29.

16 Jan 2001

Is Globalstar Headed for A Downward Spiral?

Shares of Globalstar Telecommunications Ltd. plunged 50 percent on Tuesday after the satellite telephone operator said it would stop paying debt holders so it can save cash to fund its operations into 2002. Globalstar, which was founded by Loral Space & Communications Ltd. and Qualcomm Inc., said it would save $400 million in 2001 by suspending payments on its funded debt, including its credit facility, vendor financing agreements and senior notes. The company said it will also halt dividend payments on its preferred stock. Shares of Globalstar were 29/32 lower at $1 at midday on Nasdaq, on volume of 10.1 million shares, after dipping as low as 15/16.

03 Apr 2001

Could it Be Curtains for Globalstar?

Mobile satellite telephone company Globalstar L.P. said on Monday it recorded a net loss of $3.8 billion in 2000 and it could seek bankruptcy protection if it cannot execute a restructuring plan. The company warned in an annual filing with the U.S. Securities and Exchange Commission that its restructuring plan may fail if it conflicts with certain restrictions under existing agreements or if it cannot forge an accord with its creditors. Globalstar is a partnership that was formed in November 1994 by satellite firm Loral Space & Communications Ltd. and cellular telecommunications company Qualcomm Inc. Loral owns about 38 percent of Globalstar L.P. Globalstar Telecommunications Ltd., the public Globalstar entity, owns more than 40 percent of the business.