Pep Boys drives US market towards profitability

(MENAFN) Pep Boys, the auto parts and Services Company considers Carl Icahn's USD1 billion buyout offer superior to a competing offer from Bridgestone, therefore its stock was significantly shaken up hence contributing to the market.

Additionally, Qualcomm Inc., the US-based leading chip maker also moved the market amid inking two separate license contracts with Chinese smartphone makers Tianyu and Haier to integrate Qualcomm's technology.

Qualcomm Inc. is an American global semiconductor company that designs and markets wireless telecommunications products and services, it has 224 worldwide locations, and its parent company is Qualcomm Incorporated.

Pep Boys, currently headquartered in the Philadelphia neighborhood of East Falls, the company operates 803 stores and nearly 7,000 service bays in 35 states and Puerto Rico, plus it was named one of the 500 fastest-growing firms in the U.S.