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Chip maker NXP Semiconductors NV has agreed to buy smaller peer Freescale Semiconductor Ltd and merge operations in a deal valuing the combined company at over $40 billion. The transaction is the clearest sign yet that semiconductor companies are regaining the confidence required to pursue big mergers and acquisitions at a time when their major clients, such as mobile phone manufacturers, seek to consolidate suppliers. Freescale also has its chips in consumer products such as Amazon's Kindle e-reader. Last month, Avago Technologies said it would buy wireless networking company Emulex Corp for more than $600 million, while MaxLinear said it would buy Entropic Communications Inc for $287 million.
Kirkuk (Iraq) (AFP) - Some 30,000 Iraqi forces backed by jets and helicopters pounded jihadist positions in and around Tikrit on Monday in the biggest offensive yet to retake one of the Islamic State group's main strongholds.
WASHINGTON (AP) — With a partial shutdown of the Homeland Security Department possible at week's end, Speaker John Boehner says the House wants to enter talks with the Senate on a final bill funding the agency. But Senate Democrats are not interested in joining those talks.