Rockwell Collins shares jump as China approves United Technologies deal

Rockwell Collins shares jump as China approves United Technologies deal

Simon Dawson | Bloomberg | Getty Images A United Technologies Corp. Pratt & Whitney PurePower PW1000G engine. United Technologies received a key antitrust approval from China on Friday for the industrial giant’s purchase of aircraft parts maker Rockwell Collins. Rockwell Collins shares jumped 9.2 percent in trading, closing at $141.63 a share, while United Technologies’ stock rose 2.7 percent to $129.04 a share. Shareholders were concerned that the deal would become a victim of the trade war between United States and China since the Chinese government’s decision was delayed from…

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Apple Says Not Making an Offer for GPU Firm Imagination Technologies

Apple Says Not Making an Offer for GPU Firm Imagination Technologies

Apple said on Tuesday it had talked about buying its supplier Imagination Technologies but did not plan to make an offer for the British graphics chip designer at the moment. Shares in Imagination, which counts Applie amongst its top shareholders and whose technology is used in Apple devices including the iPhone and iPad, jumped earlier on Tuesday after website Ars Technica UK said Apple was in talks to buy the company. “From time to time, Apple talks with companies about potential acquisitions,” the US company said in subsequent a statement….

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