Some of the names on the move ahead of the open.» Read More
*Caterpillar falls after lower quarterly profit. July 23- Wall Street fell for the third straight day on Thursday following disappointing results and forecasts from companies including 3 M and Caterpillar, adding to U.S. profit concerns. "Companies such as Caterpillar are a litmus test for the global economy, especially at a time when the market is concerned...
*Caterpillar falls after lower quarterly profit. July 23- Wall Street fell for the third straight day, with the Dow Jones industrial average lower for the year after disappointing results from bellwethers such as 3 M and Caterpillar. American Express fell 3.2 percent to $76.40 as revenue missed expectations while 3 M was down 3.4 percent at $150.09 after the...
Stacy Rasgon, Bernstein senior analyst and Jim Lebenthal, Lebenthal Asset Management, debate whether the situation at Qualcomm is deteriorating or if there is value there for investors.
U.S. stock index futures traded mixed, amid a swathe of major earnings including Amazon.com, Caterpillar, McDonald's and General Motors.
Some of the names on the move ahead of the open.
Qualcomm's Q3 profit drops 47%; it will cut spending by $1.4 billion.
TAIPEI, July 23- China's Tsinghua Holdings is still discussing a potential deal to buy U.S. chipmaker Micron Technology Inc and hopes it could eventually go through, the state-backed investment company's chairman told Reuters on Thursday. Sources told Reuters earlier this week that Micron has dismissed an informal $23 billion offer from Tsinghua Unigroup, a...
Jim Lowell, chief investment officer at Adviser Investments, explains why Wall Street fell even as major tech titans posted "significantly good" earnings results.
Qualcomm's massive cost cuts aren't surprising, but a split-up of its business will be "value-destructive", says Stacy Rasgon, managing director & senior analyst, U.S. semiconductors at Sanford C. Bernstein.
Check out the companies making headlines after the bell Wednesday: Qualcomm, AmEx, SanDisk & more.
The "Fast Money" traders give their final grades to the companies reporting quarterly numbers.
Qualcomm's shares fell about 1 percent to $63.50 in after-market trading on Wednesday. Hedge fund Jana Partners is pushing for Qualcomm to spin off its chip business from its highly profitable patent-licensing income. The chipmaker agreed with Jana to add two fund nominees to Qualcomm's board.
Qualcomm's shares fell about 1 percent at $63.50 in after-market trading on Wednesday. The chipmaker, which has about 30,000 employees worldwide, also said it had agreed with Jana Partners to add two of the hedge fund's nominees to Qualcomm's board. Qualcomm, which makes software and chips used in smartphones, tablets and gaming devices, is known for its...
July 22- Chipmaker Qualcomm Inc said on Wednesday that it would conduct a strategic review that may result in the company being broken up. The company also announced plans to cut spending by about $1.4 billion and cut its full-time workforce by 15 percent. Qualcomm also said it may return capital to shareholders.
Qualcomm is reporting EPS beat of $0.99 adjusted on revenue miss of $5.83 billion, with CNBC's Josh Lipton.
Qualcomm announced big cuts to its workforce as part of a strategic review to help the struggling chipmaker.
Qualcomm signs standstill agreement with Jana Partners and will cut its workforce by 15 percent. CNBC's David Faber reports.
U.S. stocks closed lower on Wednesday as disappointing tech earnings weighted down on the three major indices.
LONDON, July 22- Top European technology stocks shed nearly $6 billion of market value on Wednesday, with suppliers for Apple the top fallers after the tech giant's revenue forecasts fell short of expectations. The European technology index lost 5.7 billion dollars of market capitalisation, led lower by a 6.5 percent slump in Germany's Dialog Semiconductors...
U.S. stock markets were expected to open lower on Wednesday in the wake of disappointing earnings from tech heavyweights.