Rio Tinto H1 jumps 55% on China demand

Global miner Rio Tinto posted a better-than-expected 55% jump in first-half profit, boosted by its 2007 takeover of Alcan and strong Chinese demand, and raised its dividend on Tuesday. At a time

Broadcom to buy AMD’s Digital TV business

Chip maker Broadcom Corp said on Monday it plans to buy Advanced Micro Devices' digital television chip business for $192.8 million in cash to expand into the low-end television screen market. Broadcom,

Precision Drilling to buy peer Grey Wolf

Canada's Precision Drilling Trust will buy U.S. driller Grey Wolf Inc for US$2 billion in cash and stock, creating one of the largest North American oil and gas rig operators, the companies