Samsung Electronics has chosen an Intel processor to power a new version of one of its top-tier Android tablets, in a major victory for the U.S. chipmaker.» Read More
SAN FRANCISCO, June 18- Nvidia Chief Executive Jen-Hsun Huang said he will license graphics technology to other companies, a new model for the chipmaker that could lead to new business with Apple, Samsung and other mobile device makers.
*Convicted of illegally trading Dell, Nvidia shares. Todd Newman, a former portfolio manager at hedge fund Diamondback Capital Management, and Anthony Chiasson, co-founder of hedge fund Level Global Investors, had been set to begin prison sentences later this summer.
*SEC alleges ill-gotten gains by Whittier, Victor Dosti. In a complaint filed on Friday in the U.S. District Court in Manhattan, the SEC accused Whittier and Dosti of illegal trading in Dell Inc, Nvidia Corp and Wind River Systems Inc shares based on confidential tips from Danny Kuo, then a Whittier fund manager who Dosti supervised.
*SEC alleges ill-gotten gains by Whittier, Victor Dosti. In a complaint filed on Friday in the U.S. District Court in Manhattan, the SEC accused Whittier and Dosti of illegal trading in Dell Inc, Nvidia Corp and Wind River Systems Inc shares based on confidential tips from Danny Kuo, a Whittier fund manager who Dosti supervised.
SAN FRANCISCO, May 30- Samsung Electronics has chosen an Intel Corp processor to power a new version of one of its top-tier Android tablets, a source with knowledge of the plans told Reuters, in a major victory for the U.S. chipmaker, which is struggling to find its footing in the mobile market.
*Government: Firm made over $68 million of illegal profits. NEW YORK, May 13- Former Level Global Investors LP fund manager Anthony Chiasson on Monday was sentenced to 6-1/ 2 years in prison for insider trading, a penalty that the judge in the case said was intended to deter others in the financial industry from similar conduct.
NEW YORK, May 10- The yen slid to a 4-1/ 2- year low against the dollar on Friday, triggering a sell-off in oil and gold as well as safe-haven U.S. and German debt, after recent signs of strength in the U.S. labor market added to bullish sentiment on the dollar. The fall in oil was intensified by rising supplies and doubts over the strength of China's economy. "
NEW YORK, May 10- The yen on Friday slid to its lowest against the dollar since October 2008 as its decisive break through the 100- yen mark triggered a sell-off in U.S. and German bonds, along with a sharp fall in crude oil. Equities on Wall Street and in Europe were higher, but a measure of global equity markets was lower.
NEW YORK, May 10- The yen on Friday slid to its lowest against the dollar since October 2008 as its decisive break through the 100 yen mark triggered a drop in the price of safe-haven U.S. and German bonds. Wall Street opened mostly higher, following a rise in European equities, but a measure of global equity markets was lower.
*Nasdaq rises after results from Priceline, Nvidia. "We're getting more constructive on the second half of the year as both the market and the economy are picking up," said Terry DuFrene, investment specialist for JP Morgan Private Bank in New Orleans. "
Check out which companies are making headlines after the bell Thursday:
U.S. stock market index futures pared their losses Thursday, following a better-than-expected jobless claims report, but gains were limited following the recent market rally that propelled the Dow and S&P 500 to fresh all-time highs.
For a market that got pumped up because a so-so monthly jobs report wasn't a disaster, Thursday's weekly jobless claims will be big.
Stocks closed out the week with a bang, with the S&P 500 finishing above 1,600 and the Dow briefly topping 15,000 for the first time, as Wall Street cheered a better-than-expected April nonfarm payrolls report.
NEW YORK, May 3- With Friday's U.S. payrolls report serving as a springboard to lift Wall Street stock indexes to fresh all-time highs, investors are left to contemplate whether the gains will fizzle or if the upward momentum will continue. said Art Hogan, managing director of Lazard Capital Markets in New York.
NEW YORK, May 2- Former Diamondback Capital Management portfolio manager Todd Newman was sentenced to 4-1/ 2 years in prison on Thursday for insider trading in the stock of Dell Inc and Nvidia Corp.. District Judge Richard Sullivan also ordered Newman, 48, to forfeit $737,724 and to pay a $1 million fine.
*Illegal trades alleged in Dell, Nvidia. WASHINGTON/ NEW YORK, April 29- Level Global Investors LP agreed to pay $21.5 million to settle U.S. Securities and Exchange Commission civil charges that its co-founder and an analyst engaged in insider trading, in a case that caused the demise of the hedge fund firm.
Forget Apple or Samsung. As the smartphone market continues to expand, the arms dealers that supply chips to the industry should win out.
NEW YORK, April 26- A Diamondback Capital Management portfolio manager convicted of insider trading should reimburse up to $12.9 million to his former employer, in addition to serving as much as 6-1/ 2 years in prison, federal prosecutors said on Friday.
SAN FRANCISCO, April 24- Leading cellphone chipmaker Qualcomm forecast earnings below expectations on Wednesday as competition in the smartphone market intensifies, sending its stock sharply lower.