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Qualcomm shares close higher on Thursday, the acquisition of NXP receives approval from EU antitrust regulators

January 19, 2018 10:55 am
Qualcomm’s planned acquisition of NXP Semiconductors for $38 billion have reportedly been cleared by antitrust regulators in the European Union. After the largest deal on record in the semiconductor sector is finalized, Qualcomm Incorporated is to become a top supplier to the dynamic automotive chip market. The shares of Qualcomm Incorporated closed higher for the […] Read more

Intel shares gain for a second straight session on Thursday, company’s newer chips also affected by Spectre and Meltdown patch issues

January 19, 2018 8:54 am
According to a statement by Intel Corporation (INTC) earlier this week, issues with patches, which have been released to deal with Spectre and Meltdown security flaws, may cause data center computers equipped with Intels newer chips to reboot more frequently than usual. Intel shares closed higher for a second consecutive trading session on Thursday. The […] Read more

Goldman Sachs shares fall the most in three months on Wednesday, bank reports its first quarterly loss in six years due to tax charge

January 18, 2018 10:55 am
Shares of Goldman Sachs Group Inc (GS) plummeted the most in three months during yesterdays trade in New York after the bank reported its first quarterly loss in six years as a result of considerable tax charge. On the other hand, quarterly adjusted earnings outstripped market expectations, as strong performance of the groups investment banking […] Read more

Wal-Mart shares hit a fresh all-time high on Wednesday, company appoints Judith McKenna as CEO of its international business

January 18, 2018 8:41 am
According to a person familiar with the matter, Judith McKenna, Wal-Marts current Chief Operating Officer, has been appointed as Chief Executive Officer of the companys international unit. She is to assume the new role on February 1st. Wal-Mart shares closed higher for the seventh time in the past ten trading sessions on Wednesday. It has […] Read more

General Electric shares fall the most in two months on Tuesday, fourth-quarter results to be hit by $6.2 billion insurance portfolio charge

January 17, 2018 8:38 am
According to a statement by General Electric Co on Tuesday, its fourth-quarter results will be influenced by a $6.2 billion charge related with a decade-old insurance portfolio, which covers long-term health care costs. When adjusted in accordance with the recently-passed US corporate tax rate cut, the charge would increase to $7.5 billion, GE said. General […] Read more