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China's Fujian Grand Chip Investment Fund has dropped its takeover bid for German chip equipment maker Aixtron after U.S. President Barack Obama blocked the deal. Fujian's takeover vehicle Grand Chip Investment said on Thursday its offer had lapsed as it had failed to obtain U.S. regulatory approval for the purchase, which had been a condition of the deal. Shares in Aixtron were down 3.1 percent at 3.78 euros by 1127 GMT, well below the 6 euros per share Grand Chip Investment offered in May.
OAKLAND, Calif. (AP) — Federal officials investigating a fire that killed 36 people during a party at an Oakland warehouse plan to bring in engineers to examine the building's electrical system, as they try to pinpoint the cause of a blaze that has cast a spotlight on similar artists' colonies around the country that offer cheap housing but unsafe living conditions.
President-elect Donald Trump took to Twitter to slam a union leader who criticized his deal to discourage air conditioner manufacturer Carrier Corp. from closing an Indiana factory and moving its jobs ...