STMicroelectronics to Exit Chip Ericsson Venture

STMicroelectronics NV, the European chipmaker struggling with weakening demand and competition from Asia, will sell its stake in the ST-Ericsson joint venture by the third quarter of next year as part of a new strategy to make the company more profitable.
Deep Dive: Oil Climbs Past $48, Indonesian Stocks Rally
07:05 - On today's "Deep Dive," Bloomberg's Alix Steel, Scarlet Fu and Joe Weisenthal take a look at oil prices, German factory orders and Indonesian stocks. They speak on "What'd You Miss?" (Source: Bloomberg)
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