Bloomberg The House of Lords inflicted another defeat on the UK government over its key piece of Brexit legislation, voting to strip out the fixed timing for Britain to leave the EU. The government in November inserted 11 pm on March 29, 2020 into its own bill to “remove any confusion or concern about what ‘exit day’ means,” Brexit Secretary ...

Bloomberg Qualcomm Inc, the biggest maker of mobile-phone chips, is preparing to give up its push to develop processors for data-center servers, an effort that sought to break Intel Corp’s hold on the lucrative market, according to a person familiar with the company’s plans. The San Diego-based company is exploring whether to shutter the unit or look for a new ...

Bloomberg The activist fund ValueAct Capital Management has amassed a $1.2 billion stake in Citigroup Inc., arguing that the bank long seen as trailing its sector is positioned for success by providing the “plumbing” multinational corporations need to operate. The San Francisco-based hedge fund run by Jeff Ubben, which disclosed a $75 million stake in the bank in February, has ...