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Wall Street fell as Boeing Co and Biogen Idec tumbled after their results disappointed investors, the two biggest drags on the S&P 500.. The retreat on Wall Street pulled MSCI's gauge of global equity performance lower, but European stocks closed higher, largely driven by earnings. GlaxoSmithKline rose 2.6 percent in London after saying it expects an Ebola...
NEW YORK, Oct 22- U.S. stocks turned lower in afternoon trading on Wednesday, with major indexes erasing earlier gains as a shooting at the Canadian parliament unnerved investors and Boeing and Biogen sold off following results. Market benchmarks began drifting lower in late morning after a gunman fatally wounded a soldier in Ottawa, the Canadian capital, and...
*Broadcom and Yahoo rally after results. NEW YORK, Oct 22- U.S. stocks turned lower in afternoon trading on Wednesday, with major indexes erasing earlier gains as both Boeing and Biogen sold off following their results. Biogen Idec was the biggest drag on the S&P 500, falling 7 percent to $303.88 after the company reported sales of its big-selling new multiple...
*Results from Broadcom and Yahoo lift tech shares. Tech names were among the biggest advancers a day after both Yahoo Inc and Broadcom beat revenue expectations. Broadcom shares climbed 6.9 percent to $39.90 while Yahoo was up 5.3 percent at $42.34; the two made up the S&P 500' s top percentage gainers.
WASHINGTON, Oct 22- U.S. consumer prices rose marginally in September, painting a weak inflation picture that should give the Federal Reserve ample room to keep interest rates low for a while. The Labor Department said on Wednesday its Consumer Price Index edged up 0.1 percent last month as a rise in food and shelter costs offset a decline in energy prices.
Both Yahoo Inc and Broadcom beat revenue expectations late Tuesday, putting the benchmark S&P 500 on track for its biggest five-day rally since December 2011. Yahoo rose 5.9 percent, Broadcom jumped 6.8 percent and GlaxoSmithKline rose 3.6 percent in London after saying it expects a vaccine against Ebola to be ready later this year. Both Yahoo and Broadcom...
*Results from Broadcom and Yahoo lift tech shares. Tech names were among the market's biggest advancers a day after both Yahoo Inc and Broadcom beat revenue expectations. Broadcom shares climbed 7.2 percent to $40.01 while Yahoo was up 5.7 percent at $42.47; the two made up the S&P 500' s top percentage gainers.
Late Tuesday, both Yahoo Inc and Broadcom beat revenue expectations, and the stocks were the S&P 500' s two biggest advancers. Broadcom climbed 7 percent to $39.95 while Yahoo was up 6.4 percent at $42.77. Dow Chemical rose 1.6 percent to $48.98 after its results, helping to lift material stocks 0.6 percent.
Late Tuesday, both Yahoo Inc and Broadcom beat on revenue. Dow component Boeing edged 0.3 percent higher to $127.50 after its results, while Dow advanced 4 percent to $50.13. Yahoo climbed 5.4 percent to $42.34 while Broadcom added 6.3 percent to $39.70.
NEW YORK, Oct 22- U.S. stock index futures were flat on Wednesday, implying that buyers were taking a pause following the biggest four-day rally for the S&P 500 since January 2013. Late Tuesday, both Yahoo Inc and Broadcom posted better-than-expected revenue growth. Yahoo rose 3.3 percent to $41.52 in premarket trading and was the Nasdaq's most active premarket...
NEW YORK— Stocks fell broadly on Wednesday, snapping a four-day winning streak for the Standard& Poor's 500 index, as investors shaken by recent swings in the market sold some of their holdings. "The market is still nervous," said John Manley, chief equity strategist at Wells Fargo Funds Management. Stocks were higher most of the morning on hopes that the European...
IRVINE, Calif. _ Broadcom Corp. on Tuesday reported third-quarter profit of $98 million. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 83 cents per share. For the current quarter ending in December, Broadcom said it expects revenue in the range of $2 billion to $2.15 billion.
Apple spends $200 to $247 in parts and labor to build an iPhone 6, a teardown analysis of the device shows, Re/code reports.
SAN FRANCISCO, Sept 18- Apple's iPhone 6 Plus uses chips from Qualcomm, Skyworks Solutions, Avago Technologies and other companies, according to gadget repair firm iFixit, which pried one of the devices open in Melbourne early on Friday. Like previous iPhones, the iPhone 6 Plus uses a Qualcomm 4 G LTE modem, according to iFixit.
SAN FRANCISCO, Sept 10- Apple Inc's long-awaited launch of tap-to-pay technology in its new iPhones and smartwatch may be the seal of approval that near-field communication technology needs to become as commonplace as wifi, Bluetooth and GPS.
Some of the names on the move ahead of the open.
SAN FRANCISCO, July 22- Broadcom Corp said on Tuesday it is winding down its money-losing cellular baseband chip business and cutting one-fifth of its total workforce, instead of selling the unit.
Check out which companies are making headlines after the bell Tuesday: Apple, Microsoft, VMWare & more.
July 17- Microsoft Corp said on Thursday it would slash up to 18,000 jobs, or 14 percent of its workforce, this year. April 2014- The chipmaker said it had cut 1,500 jobs in Costa Rica. January 2014- Announced plans to reduce its global workforce of 107,000 by about 5 percent this year.
*Google, Apple lead; Nokia, TomTom face make-or-break moment. Chip-makers or tech giants such as Infineon and Google are among a variety of companies involved in the rapid development and testing of intelligent cars from those that drive themselves to those allowing a driver to use mobile phone apps through the dashboard.