Leslie Moonves, who isn't used to standing around, found himself doing just that at this summer's Allen & Co.'s annual summer gathering of business titans in Sun Valley, Idaho.
Qualcomm Inc. QCOM 4.90 % is in talks to acquire NXP Semiconductors NXPI 18.33 % NV, a deal that would likely be valued at over $30 billion and represent the latest merger in a rapidly consolidating semiconductor industry.
China's efforts to limit capital outflows that could weaken its currency are creating a potential headache for Deutsche Bank AG, which is selling a $3.9 billion stake in a Chinese lender and seeking permission to move proceeds offshore.
The Commerce Department released their update to the second quarter GDP estimate and it's up by 1.4%, rather stronger than the 1.1% they had reported earlier.
Update: The Federal Communications Commission has delayed its vote on new rules that would force cable companies to provide their channels as a free app on major device platforms such as iOS and Android.