GlobalFoundries, the chip maker based in Milpitas, Calif., celebrated its third year anniversary as a microchip foundry by purchasing all of the shares owned by Advanced Micro Devices (AMD), effectively making the company an independent contract chip manufacturer.
Decrying calls on Wall Street for further quantitative easing (QE3), Richard Fisher, President and CEO of the Federal Reserve Bank of Dallas called on the nation’s lawmakers to follow the fiscal examples set by Mexico and Texas in a speech Monday.
Mazda Motor Corp. set the price of an approximately $1.67 billion share offering at a discounted ¥124 per share, roughly $1.53, on Monday in the hopes that the money raised can help fund a return to profitableness for the struggling Japanese car manufacturer.
New orders to U.S. factories fell less than economists had expected in January, according to data released Monday morning by the Commerce Department, in what is yet another data point suggesting the U.S. economy is on solid footing for a recovery this year.
The U.S. non-manufacturing activity index increased in February to 57.3 percent, up from 56.8 percent in January as growth accelerated, the Institute for Supply Management (ISM) said Monday.
Lead emission from factories and the natural environment in China's manufacturing heart of Guangdong has poisoned 160 children, Xinhua said on Sunday in the country's latest case of unfettered industrial toxins.
Apple iPad 3 is coming this week and the latest razzmatazz surrounding the release of Apple's next generation iPad is overwhelming. Check out the speculated features, price and names of iPad 3.
The week ahead will largely be defined by two major events. First, on Friday, the February U.S. nonfarm payrolls report will be released, providing important data about the economic recovery. Second, also on Friday, euro-zone finance ministers will hold a conference call to decide whether Greece can get its second, €130 billion ($175 billion) bailout.
Caterpillar Inc. (NYSE: CAT), the world's biggest heavy machinery maker, will pay about $447 million to Mitsubishi Heavy Industries Ltd. to gain sole control of their joint venture, Caterpillar Japan Ltd.
Apple is all set to launch the next generation iPad 3 with some breathtaking features March 7. Experts and Apple tablet lovers have started predicting the future of existing and the upcoming tablets.
Austerity and reform finely balanced to bring back growth in Europe in face of record unemployment rates.
U.S. stocks advanced Thursday buoyed by a strong weekly jobless claims numbers and solid monthly sales from retailers. Meanwhile, European markets were lifted by a well-received Spanish auction and news that Greece is one step closer to winning a €130 billion ($173.15 billion) bailout.
Brent crude rose above $124 per barrel and West Texas Intermediate rose as much as $1.11 to $110.55 per barrel on Thursday as upbeat economic data from China and the United States brightened oil demand prospects.
Russia, along with China, has stymied efforts by the West and the United Nations to condemn violence perpetrated by the regime of President Bashar al-Assad of Syria, a longtime Moscow ally.
Euro zone manufacturing contracted in February for the sixth month in a row, according to a Markit Economics report published Thursday, but the sector may be stabilizing as increases begin to offset decreases.
Intel (Nasdaq: INTC), the world’s biggest chipmaker, put $100 million into a venture capital fund intended to make cars smarter.
Business at U.S. manufacturers expanded at a slower-than-expected pace in February, according to a closely watched survey of the sector released Thursday.
Apple enthusiasts around the globe are eager to welcome iPad 3, which Apple is all set to launch on March 7. Rumors even suggest that iTV or a new variant of iPad 2 might also be launched with the next generation iPad. While all these rumors are rife, the price of the tablet is one unsettling aspect that people the world over are waiting to know even before they get to see the fancied device.
Most Asian stocks declined Thursday as the lack of explicit hints about further quantitative easing from Fed Chairman Ben Bernanke disappointed investors.
Toyota Motor Corp. (NSYE: TM) announced Wednesday it will increase the output of its Thai engine-building subsidiary Siam Toyota Manufacturing Co. in 2014, in an effort to meet growing demand in Asia.
Factory activity in the Midwest accelerated in February after falling for two consecutive months, fostering hopes that the world's largest economy has gained momentum.
The U.S. economy grew at a 3 percent annual rate in the fourth quarter, faster than originally estimated on unexpectedly strong business restocking, the Commerce Department said Wednesday.
