European shares closed higher on Wednesday amid corporate earnings news and ongoing turmoil in Gaza and Ukraine.» Read More
STOCKHOLM, Sept 18- Ericsson, the world's biggest mobile network equipment maker, is winding down its modem business, shutting a loss-making unit with the departure of about 1,000 staff.
*Gemalto to buy SafeNet from PE firm Vector Capital. PARIS, Aug 8- Gemalto NV, the digital security company that makes smart chips for mobile phones, bank cards and biometric passports, is to buy U.S.-based data protection specialist SafeNet for $890 million, it said on Friday, in a move set to boost its earnings and reach.
PARIS, July 23- European chipmaker STMicroelectronics forecast revenue growth of about 3 percent in the third quarter, disappointing some analysts who expected a bigger lift from strong global demand for semiconductors. Global spending on semiconductors is expected to rise 6.7 percent this year to $336 billion, according to market researcher Gartner.
PARIS, July 23- STMicroelectronics posted second-quarter revenue and profit that met expectations, driven by sales of chips for cars and industrial products, as it surfed on strong demand that is lifting the entire semiconductor sector.
*KPN, Abengoa, Pandora among stocks with potential for gains. LONDON, June 16- A weaker-than-expected economic recovery in Europe, a bleak outlook for corporate profits and the resurgence of hostile merger activity are pushing investors to bet on troubled firms with restructuring potential.
The cost-intensive cellular baseband business has been losing market share and has weighed on Broadcom's margins. Broadcom on Monday said it would sell or wind down the business as soon as it could, saving some $700 million annually.
*No tech bubble seen in Europe since fewer big web firms. PARIS, April 25- European technology stocks are ripe for a rebound as investors look for bargains following a sharp sell-off in pricey U.S. tech and internet firms that spilled over into Europe and Asia.
European shares recovered from earlier losses to close higher on Monday, after U.S. retail data surpassed estimates.
Stock index futures pointed to a lower open, as the global tech selloff continued and geopolitical concerns about Ukraine and Russia weighed.
The stocks of tiny sensor companies are doing well despite market volatility. Used in smartphones and wearable devices, demand is buoying prices.
European equities closed the session in positive territory after consumer data and earnings in the U.S. helped to boost sentiment in afternoon trade.
Carlo Bozotti, CEO of ST Microelectronics, says the company's improvement during the last few quarters was "very significant".
Trends emerge this earnings' season: limited Q4 visibility, momentum names slide, oil is dropping, and bond yields break down.
Stocks are down globally, with the most likely explanation being that stocks are greatly overbought.
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.
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.