Cubic Corp. selling its defense services arm to Valiant for $135 million
Cubic is focusing on providing high-value technologies to its military customers rather than services. It is selling off its 3,500 employee Cubic Global Defense Services arm.
Qualcomm slashes 1,500 jobs in California, and its NXP bid faces objections in China
Qualcomm is laying off at least 1,500 people as part of its effort to cut $1 billion in costs. Meanwhile, the San Diego chip maker's bid for NXP Semiconductors is facing antitrust objections in China amid escalating trade tensions between China and the United States.