STMicro Plans to Exit Loss-Making Wireless 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.
Navy: No Sign of Shooting
53:53 - Bloomberg's Olivia Sterns reports on today's top news stories. (Source: Bloomberg)
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