Trends emerge this earnings' season: limited Q4 visibility, momentum names slide, oil is dropping, and bond yields break down.» Read More
*Letta says hopes EU will give Italy more leeway on spending. ROME, Nov 21- Italy will sell stakes in public entities including oil and gas company Eni to raise up to 12 billion euros next year and help cut public debt, Prime Minister Enrico Letta said on Thursday.
*European shares down 0.8 pct, Wall Street seen opening down 0.5 pct.
*Heineken, Fortum and STMicro fall after results. "The biggest news is that it has been confirmed that it's not just loans that will be looked at during the asset quality review," Benjie Creelan-Sandford, a banking analyst at Macquarie Research, said. Within the euro zone bank index, banks from Italy and Spain led fallers.
Asian markets saw widespread weakness as a variety of factors ranging from a strengthening yen in Japan and fading rate cut hopes in Australia added to the negativity. "What has happened this morning is that we have the Chinese rate surge on the policy tightening fears," said Alvin Tan, a strategist at Societe Generale in London.
*Heineken and Fortum fall after results. LONDON, Oct 23- European shares fell in early trade on Wednesday, after falls in banks following an asset quality review and disappointing earnings reports from the likes of Heineken took the steam out of a nine day rally.
LONDON, Oct 23- European broke their nine-day winning streak on Wednesday as blue chips including chip maker STMicroelectronics and brewer Heineken unveiled weak updates and traders took profit on "overbought" indexes.
SAN FRANCISCO, Oct 22- A host of U.S. chipmakers gave quarterly revenue forecasts that disappointed Wall Street and hurt their shares on Tuesday, including Broadcom Corp, which said it would lay off over a thousand workers as it struggles with slow demand for its cellphone chips.
Two consortiums, including IBM and STMicroelectronics, have proposed building semiconductor wafer plants in India costing a total of $8 billion.
NEW DELHI/ BANGALORE, Sept 13- Two consortiums, including IBM and STMicroelectronics, have proposed building semiconductor wafer plants in India costing a total of $8 billion, a minister said after the government approved concessions to lure chipmakers.
Sept 9- SunEdison Inc filed to spin off its semiconductor unit, SunEdison Semiconductor, through an initial public offering of up to $250 million, as the company looks to focus on its high-margin solar power business.
European shares closed down in choppy trade on Tuesday, while shares in mobile device maker Nokia surged 34 percent.
*World shares gain as China signals support for growth. *Copper, oil prices rise on optimism over China. NEW YORK, July 23- World stock markets rose to near five-year highs on Tuesday, boosted by views that China was moving to support its cooling economy, while the dollar fell to one-month lows.
*World shares gain as China signals support for growth. *Copper, oil prices rise on optimism over China. NEW YORK, July 23- World stock markets rose to near five-year highs on Tuesday, boosted by news that China was moving to support its cooling economy, while the dollar fell to one-month lows.
European shares pared earlier gains to close down on Tuesday, after a late session sell-off that traders attributed to concerns about possibly disappointing earnings from Apple.
LONDON, July 23- European shares fell on Tuesday as a late sell-off knocked markets off 7- week highs reached earlier in the session, with semiconductors group STMicroelectronics leading the way after weak results.
*KPN unit sale, Vivendi deals spark rally in telecoms. *Spain's debt auction helps local banks. PARIS, July 23- European shares rose to seven-week highs on Tuesday as China's plan to support growth boosted mining shares and a flurry of deal activity sparked a rally in the telecoms sector.
Carlo Bozotti, CEO of STMicroelectronics, blames the break-up of the joint venture with Ericsson for the continued net loss and discusses products traction and their R&D program.
STMicroelectronics posted a second-quarter loss more than double that of a year earlier, as Europe's largest maker of semiconductors struggles with a softening smartphone market.
WASHINGTON, June 28- Technology licensing company Rambus Inc won a victory in a U.S. appeals court on Friday, as the court overturned a patent office decision to toss out one of its key patents. Patent and Trademark Office to declare invalid a Rambus chip patent which had been used to sue Nvidia Corp and a long list of other companies for infringement.
Some of the names on the move ahead of the open.