European equities closed the session in positive territory after consumer data and earnings in the U.S. helped to boost sentiment in afternoon trade.» Read More
March 6- Shares of Pixelworks Inc, which makes chips for digital display, rose 54 percent a day after the company revealed that Apple Inc is among its largest customers.
*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.
Europe's largest maker of semiconductors said it will look to emerging markets after posting a $142 million third-quarter net loss.
Carlo Bozotti, CEO of STMicroelectronics, says the company is focusing on the Chinese market with new products.
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.
European shares closed down in choppy trade on Tuesday, while shares in mobile device maker Nokia surged 34 percent.
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.
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.
Some of the names on the move ahead of the open.
Check out which companies are making headlines after the bell Monday:
European markets closed higher, but off session highs in afternoon trade on Tuesday, as worse-than-expected factory data for the euro zone dented investor sentiment.
The chief executive of European chipmaker STMicroelectronics told CNBC that the company had to be careful as it winds down a loss-making venture with telecoms operator Ericsson.
Carlo Bozotti, CEO of STMicroelectronics, says he is "encouraged" by stronger demand but questions whether that's sustainable and says the company must remain prudent.