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Qualcomm Rejects Broadcom’s Unsolicited $103-Billion Takeover Bid

Mobile chipmaker Qualcomm Inc on Monday rejected rival Broadcom Ltd’s $103-billion takeover bid, saying the offer undervalued the company and would face regulatory hurdles. Shares of Qualcomm were up 1.8 percent at $65.74 in early afternoon trading, while those of Broadcom were down 0.4 percent at $263.95. Broadcom said it would seek to engage with Qualcomm’s board and management, adding that it had received positive feedback from key customers and stockholders. “We continue to believe our proposal represents the most attractive, value-enhancing alternative available to Qualcomm stockholders and we are encouraged by their reaction,”…

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The NSW Department of Education commissioned a $300,000 scripture review, but rejects its major findings | poll

THE NSW Department of Education has rejected major recommendations of a $300,000 taxpayer-funded review of scripture in NSW schools, including the need for more information on scripture providers to “identify radical groups or cults”. The 238-page review, completed in 2015 but not released until Tuesday, found scripture providers did not “consistently produce good quality curricula from an educational perspective”, the system of authorising scripture providers lacked transparency, and some scripture teachers were using authorised, but age-inappropriate materials, while others used non-authorised materials. The review found the Department of Education and scripture providers…

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