U.S. chipmaker Intel is to buy German chipmaker Infineon's wireless unit for $1.4 billion (905.3 million pounds) as it seeks to claw its way into the booming smartphone market, reducing its reliance on personal computers.
Stocks dipped on Monday as confidence about the economy sagged and investors were cautious ahead of several key reports coming this week.
Intel will buy German chipmaker Infineon's wireless unit for $1.4 billion (900 million pounds), enabling the U.S. chipmaker to boost its presence in the smartphone market.
Stock index futures were flat on Monday as investors awaited data on personal spending for a signal the economy can avoid a double-dip recession and after a flurry of mergers-and-acquisition activity.
Stock index futures were slightly lower on Monday as investors awaited data on personal spending for a signal the economy can avoid a double-dip recession and after a fresh batch of merger-and-acquisition activity.
Intel Corp warned that third-quarter revenue could fall short of its own estimates by more than $1 billion, reinforcing doubts about the strength of a technology sector recovery.
Stocks rebounded to post their best gains in nearly four weeks on Friday, overcoming initial skittishness brought on by a revenue warning from Intel and dour comments from Federal Reserve Chairman Ben Bernanke.
Stocks rebounded to post their best gains in nearly four weeks on Friday, overcoming initial skittishness brought on by a revenue warning from Intel and dour comments from Federal Reserve Chairman Ben Bernanke.
U.S. stocks rose on Friday on buying by investors holding short positions who locked in profits after a revenue warning from a major technology company and downbeat remarks by Federal Reserve Chairman Ben Bernanke.
Intel Corp, a bellwether for technology spending, warned on Friday that third-quarter revenue could fall short of its own estimates by more than $1 billion on weak demand for personal computers.
Intel Corp warned third-quarter revenue could fall short of its own estimates by more than $1 billion, reinforcing doubts about the strength of a technology sector recovery.
Stocks rose in volatile trading on Friday as investors shook off a revenue warning from technology bellwether Intel and a downbeat economic assessment by Federal Reserve Chairman Ben Bernanke to snap up bargains.
U.S. stocks rose in volatile trading on Friday, shrugging off initial losses after the Federal Reserve chairman said the recovery has softened more than expected and Intel Corp warned about revenue.
U.S. chipmaker Intel and Infineon are likely to announce an agreement on the future of the German chipmaker's wireless business this weekend, three people familiar with the matter said.
Dell Inc raised its bid for data storage company 3PAR Inc to $1.6 billion, offering slightly more than bigger rival Hewlett-Packard Co, which is expected to respond with an even stronger bid.
Intel Corp said on Monday that it would buy the cable modem product line of chip maker Texas Instruments Inc in order to expand its consumer electronics chip business.
Shares of Intel Corp and Advanced Micro Devices Inc fell on Tuesday after analysts downgraded shares of the world's top chip maker, warning of a weakening outlook for corporate and consumer IT spending globally.
Intel Corp has agreed to stop using threats and unfair discounts to block its rivals, resolving a costly, high-profile legal battle over accusations it illegally smothered competition for over a decade.
Intel Corp has agreed to stop using threats and bundled prices to hamper competition, settling charges that it illegally abused its market dominance in microprocessors, the Federal Trade Commission said on Wednesday.
Apple Inc updated its line of desktop computers on Tuesday with the latest-generation chips, as the company continues to gain share in the PC market.
A federal judge approved on Friday a settlement of litigation brought by Intel Corp shareholders and designed to help the world's largest chipmaker avert future antitrust problems.
Dell Inc on Thursday agreed to pay $100 million to settle charges by market regulators that the computer maker used hidden payments from Intel Corp , and fraudulent accounting to make it appear that it was meeting analysts' earnings targets.