One word cost Mark Cuban $30,000 during a celebrity "League of Legends" match at the Intel Extreme Masters in San Jose on Saturday.» Read More
Oct 14- Intel Corp's move to cut growth forecast for its highly profitable business that makes chips used in data centers may have disappointed investors, but analysts see the unit rebounding next year as more users take to cloud services. Expanding the business is critical to Intel's efforts to reducing its dependence on the PC market, which has been shrinking...
Investors focus on what Intel says as a key indicator on the health of other technology companies and markets.
European equities ended in the red on Wednesday, as investors failed to shake off concerns over the economic slowdown in China.
*JPMorgan falls, Bank of America rises after results. JPMorgan shares fell 1.6 percent to $60.54 and were the biggest drag on the Dow Jones industrial average, a day after the bank reported third-quarter results that fell short of estimates. Bank of America rose 2 percent to $15.83 after the bank reported a profit, compared with a year-earlier loss.
*JPMorgan falls, Bank of America rises after results. Oct 14- Wall Street looked set to open little changed on Wednesday as investors assessed earnings from JPMorgan and Bank of America and data showed U.S. retail sales barely rose in September. JPMorgan shares fell 1.7 percent to $60.5 premarket, a day after the bank reported third-quarter results below...
Some of the names on the move ahead of the open.
Oct 14- U.S. stock index futures fell slightly on Wednesday as fresh economic data from China caused a selloff in commodities and investors awaited a raft of earnings reports. *Consumer inflation in China rose 1.6 percent in September, less than the 1.8 percent expected, feeding worries of sluggish demand from the world's second largest economy.
U.S. stock futures were under pressure this morning, with Europe and Asia in the red. The Dow snapped a seven-session winning streak on Tuesday.
AMSTERDAM, Oct 14- ASML, a major supplier to semiconductor makers, on Wednesday reported a rise in third-quarter earnings that fell short of forecasts and a bigger than expected fall in new orders. ASML's shares were down 6.7 percent at 72.69 euros by 0739 GMT. Analysts polled by Thomson Reuters had forecast net income of 324 million euros on revenues of 1.58...
Betsy Van Hees, senior VP of equity research at Wedbush Securities, attributes the after-hours drop in Intel shares to weakness in the PC sector, plus lower 2015 guidance for Intel's data center unit.
Oct 13- Intel Corp cut revenue growth forecast for its highly profitable business of making chips for data centers as businesses reduce spending due to weak macroeconomic growth. Intel has been counting on the data center business to help offset declining demand for its chips used in personal computers, its biggest revenue generator. Intel said on Tuesday it...
Stacy Rasgon, MD and senior analyst for U.S. semiconductors at AllianceBerstein, explains why Intel's stock fell nearly 3 percent despite a Q3 earnings beat.
NEW YORK, Oct 13- Apple Inc could be facing up to $862 million in damages after a U.S. jury on Tuesday found the iPhone maker used technology owned by the University of Wisconsin-Madison's licensing arm without permission in chips found in many of its most popular devices. The jury in Madison, Wisconsin also said the patent, which improves processor efficiency, was...
Check out the companies making headlines after the bell Tuesday: SanDisk, Intel, JPMorgan & more.
*3rd- qtr profit 64 cents/ shr vs est 59 cents. Oct 13- Intel Corp reported better-than-expected quarterly profit and revenue as strong performance in its data center and Internet-of-Things businesses more than made up for continued weak demand for its chips used in personal computers. Intel had previously forecast capital expenditure of $7.7 billion, plus or...
Intel delivered an earnings beat that initially sent stock higher on Tuesday after the bell. Shares were later in the red.
U.S. stock index futures ticked lower on Tuesday, following European and Asian shares downwards after weak trade data fueled growth concerns about China.
Traders will look for further confirmation Tuesday that the stock market has found its footing, ahead of the first major bank earnings.
As third-quarter earnings season gets underway next week, traders are bracing for more volatility in a range-bound market.
Oct 13- Intel Corp reported better-than-expected quarterly profit and revenue as strong performance in its data center and Internet-of-Things businesses more than made up for continued weak demand for its chips used in personal computers. Intel had previously forecast capital expenditure at $7.7 billion, plus or minus $500 million.