STMicroelectronics NV
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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.
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European shares closed off their sessions lows on Monday, bouncing back from sharp falls in the first day of trade since a surprise bailout plan for Cyprus that includes a levy on savers was announced.
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*STMicro, Ericsson couldn't find a buyer for the JV. *Ericsson to take on loss-making 4 G chip product line. PARIS/ STOCKHOLM, March 18- STMicroelectronics and Ericsson will end their loss-making mobile chip joint venture ST-Ericsson by splitting parts of the business between them and closing the rest with the loss of about 1,600 jobs.
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STMicroelectronics and Ericsson will close their loss-making mobile chip joint venture ST-Ericsson by dividing parts of the business between them and shutting the rest with the loss of about 1,600 jobs.
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*STMicro, Ericsson searched unsuccessfully for buyer for JV. PARIS/ STOCKHOLM, March 18- STMicroelectronics and Ericsson will close their loss-making mobile chip joint venture ST-Ericsson by dividing parts of the business between them and shutting the rest with the loss of about 1,600 jobs.
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*Qualcomm, NVIDIA, STMicro among big players. "It is not to bring to the market, but to show what the opportunities are," Raj Talluri, Qualcomm's head of product management, said at the Mobile World Congress in Barcelona.
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FRANKFURT, Jan 31- German chipmaker Infineon forecast a rise in second-quarter sales and operating profit on Thursday as its key car clients started to restock, and said broader demand would also pick up.
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Shares of Ericsson, the mobile telecom equipment maker, rose 8.2 percent in morning trade, making it the best performer on the Euro Stoxx 600 Index, after the company reported fourth-quarter earnings.
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SAN FRANCISCO/ PARIS, Jan 30- STMicroelectronics posted a quarterly net loss and said it could need as much as $500 million to get out of its struggling mobile chip joint venture with Ericsson. STMicro and Ericsson formed ST-Ericsson in 2008 but the mobile chipmaker has failed to make a profit.
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SAN FRANCISCO, Jan 30- European chipmaker STMicroelectronics posted a quarterly net loss, hurt by troubles at its mobile chip unit, and forecast a decline in revenue for the March quarter.
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NEW YORK, Dec 12- STMicroelectronics NV may not disclose details about its plan to exit its wireless chip venture with Ericsson until as late as the second quarter of 2013, STMicroelectronics' top executive said Wednesday.
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SAN FRANCISCO, Dec 11- Contract chipmaker GlobalFoundries' chief executive said European governments should offer incentives to build multibillion-dollar advanced manufacturing plants and help keep Asia from reaping the benefits of European innovations.
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**Nexen Inc's chief executive said on Monday that the $15.1 billion acquisition of the Canadian oil producer by China's CNOOC Ltd was not yet wrapped up despite the Canadian government's approval last week.
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LONDON, Dec 10- European stocks managed to eke out a slight gain on Monday, led by French-Italian company STMicroelectronics after it announced plans to quit a loss-making joint venture. The late move into positive territory was tentative, however, after markets across the region had been hit earlier in the day by the news of fresh political turmoil in Italy.
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*Aiming for $600- $650 mln quarterly costs, from $900 mln. *Ericsson declines to comment on its plans. PARIS, Dec 10- STMicroelectronics plans to quit its loss-making mobile chip joint venture with Ericsson in a drive to cut costs and catch-up with larger, more profitable U.S. rivals.
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European shares closed higher on Monday, but Italian shares closed firmly in the red after political uncertainty surfaced, with Prime Minister Mario Monti announcing he will step down before his term ends.
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LONDON, Dec 10- Blue chip shares in France, Germany and the UK helped European stocks close higher on Monday, as political turmoil in Italy unnerved investors and prompted a flight to safety.
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NEW YORK, Dec 10- U.S. stocks rose on Monday, helped by gains in McDonald's and technology stocks, but Italian shares and bond prices sank after Prime Minister Mario Monti's decision to resign stoked concern about who will lead the euro zone's third biggest economy out of its debt crisis.
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JERUSALEM, Oct 24- Mobileye, which makes technology to help drivers, expects sales to more than double every year for the next few years as car manufacturers look to offer more safety features and self-drive cars gain in popularity.
