The Sunnyvale, California-based semiconductor company Advanced Micro Devices is mulling a breakup and spinoff, sources say.» Read More
December U.S. retail sales, oil prices and earnings news should help direct the market today. Stocks look mixed after yesterday's big move up on tech buying and a continued slide in oil. The Dow's strong runup yesterday took it to a new high, its first of the New Year.
Intel, the world's top chipmaker, plans to invest in a major new plant in China to make leading-edge chips, its biggest investment in the country to date, two sources with knowledge of the plan said.
Stocks closed higher after another volatile day as gains in technology stocks and a huge drop in oil prices boosted the major averages.
FAST MONEY IN THE BIG APPLE: The Fast Money five will ring in the opening of 2007 trading at the NASDAQ this morning. Our Dylan Ratigan and company will share their market insights every night at 8 pm, starting next Monday. Meanwhile...stocks in the U.S. look set to spring higher at the open on the first trading day of the New Year.
Chip-maker Intel said it would not object to a court order to produce documents related to its international business practices, as part of an antitrust case filed by rival Advanced Micro Devices.
There will be plenty of news for investors to digest with several Dow heavyweights, including General Electric, Procter & Gamble, and Hewlett-Packard, all hosting analyst meetings this week.