Some of the names on the move ahead of the open.» Read More
NEW YORK, Dec 3- The star witness in the government's case against SAC Capital Advisors portfolio manager Michael Steinberg faced aggressive questioning on Tuesday from Steinberg's lawyer, who sought to discredit his earlier testimony.
*Chinese regulator not saying why Qualcomm being investigated. *Qualcomm would be big gainer through royalties. Nov 26- China's anti-trust investigation into Qualcomm, the world's biggest smartphone chip maker, is likely tied to the impending $16 billion rollout of commercial fourth-generation services by China's big telecoms carriers.
*Chinese regulator not saying why Qualcomm investigated. Nov 25- Qualcomm Inc said on Monday it faces an antitrust probe in China, sending its shares lower as investors worried the investigation could hurt the chipmaker's business in the fast-growing smartphone market.
*Biogen, Gilead lead health-sector rally on news from Europe. NEW YORK, Nov 22- U.S. stocks rose on Friday, with the S&P 500 closing above 1,800 for the first time and healthcare names leading the way higher.
Stocks rise, with S&P ending above 1,800.
NEW YORK, Nov 22- U.S. stocks rose on Friday, led by healthcare stocks, putting the Dow and S&P 500 on track for a seventh straight week of gains. Shares of Biogen shot up 11.9 percent on heavy volume to $282.37 after the company won 10 years of exclusivity protection for its multiple sclerosis drug, Tecfidera, from regulators in Europe.
NEW YORK, Nov 22- U.S. stocks edged higher on Friday in the absence of economic data and ahead of a holiday-shortened week in the United States, a day after the Dow industrials closed above 16,000 for the first time.
Friday's midday movers.
SAN FRANCISCO, Nov 22- Shares of Intel Corp fell nearly 5 percent on Friday after Wall Street came away from its investor meeting craving more evidence that the chipmaker can forge a strong mobile presence to drive up revenue and margins.
U.S. stocks rise on Thursday, with the S&P 500 halting a three-session losing run.
way to SAC Capital Advisors portfolio manager Michael. Steinberg is the first employee of Steven A. Cohen's SAC Capital Advisors to face trial in a decade-long government investigation of insider trading at the hedge fund.
SAN FRANCISCO, Nov 21- Intel CEO Brian Krzanich said on Thursday he planned to expand his company's small contract manufacturing business, paving the way for more chipmakers to tap into the world's most advanced process technology.
SAN FRANCISCO, Nov 21- Intel CEO Brian Krzanich said on Thursday he planned to expand his company's small contract manufacturing business, opening the way for more chipmakers to tap into the world's most advanced process technology.
SAN FRANCISCO, Nov 21- Intel CEO Brian Krzanich said on Thursday he plans to expand his company's small contract manufacturing business, opening the way for more chipmakers to tap into the world's most advanced process technology.
SAN FRANCISCO, Nov 20- Leading mobile chipmaker Qualcomm plans to return 75 percent of free cash flow to shareholders through stock buybacks and increased dividends, Chief Executive Paul Jacobs told analysts at an event on Wednesday.
SAN FRANCISCO, Nov 7- Nvidia Corp gave a revenue forecast for the current quarter that was shy of Wall Street's expectations as the graphics chipmaker faces tough competition in tablets and a slow personal computer market.
Nov 7- FireEye Inc, a technology firm that helps companies fend off cyber attacks, gave a revenue outlook for 2014 that came in ahead of Wall Street forecasts as it posted results for the first time since it went public in September in one of this year's hottest IPOs.
NEW YORK, Nov 6- Not long ago, Kathleen Gaffney was considered the obvious successor to bond guru Dan Fuss, with whom she co-managed the $21.9 billion Loomis Sayles Bond fund for nearly 20 years.
*Backed by PE firms Francisco Partners, Sequoia Capital. Campbell, California- based Barracuda's shares opened at $22.20 and touched a high of $23.77 in morning trading, valuing the company at $1.19 billion. Its rivals include Symantec Corp, Check Point Software Technologies Ltd, CommVault Systems Inc and Intel Corp's McAfee unit.
As Intel strives to make sure it's not caught off-guard by future technology trends, its new' Internet of Things Solutions Group' will report directly to Chief Executive Brian Krzanich, according to Doug Davis, the group's general manager.