Business

SoftBank to buy iPhone chip maker ARM

SoftBank to buy iPhone chip maker ARM

ARM , which is the biggest-listed technology company in Britain, has a world-renowned reputation as an innovator in the " Internet of Things " - its technology is used in most smartphones, for example. ARM shares surged almost 43 per cent to £16.99 yesterday. ARM Holdings, which employs 3,000 people in the United Kingdom, saw its results come in ahead of expectations in April as pre-tax profits lifted 14% to £137.5 million in the first quarter year-on-year, while revenues also stepped up ...



The economy according to Donald Trump

Social media sentiment toward Mr Trump based on tweets that mentioned his name was slightly more negative than positive shortly after his speech. The ugly and highly personal feud between the top two finishers in the Republican primaries, dormant since Cruz ended his campaign in early May, reignited in dramatic fashion Wednesday at a convention meant to heal the bruised party.


Tech, telecoms lead Wall St higher, GE weighs on Dow

Tech, telecoms lead Wall St higher, GE weighs on Dow

Tech led seven of the 10 major S&P sectors higher, with the defensive sectors - telecoms, utilities and consumer staples - down 0.1 per cent to 0.5 per cent. It lost money in the latest quarter, but less than analysts estimated. Southwest Airlines sank 8.8 percent as it projected third quarter revenue per passenger mile would fall three to four percent due to sharper competition that is driving down fares.


What's the Republicans' message by nominating Trump?

What's the Republicans' message by nominating Trump?

The dispute was the latest misstep at the four-day party meeting , which was meant to show Republicans rallying behind Trump, a NY businessman who has never been elected to public office but who saw off 16 rivals to win the White House nomination.


Stocks pull back, halting a record-setting win streak

Stocks pull back, halting a record-setting win streak

Aetna stocks rose 1.6 per cent, Anthem 2.6 per cent, Humana 8.3 per cent, and Cigna 5.4 per cent. The S&P 500 index showed 12 new 52-week highs and no new lows, while the Nasdaq recorded 30 new highs and six new lows. Airlines were among the worst performers in the S&P 500 on Thursday, with shares of Southwest Airlines falling 11% after the company warned its revenue growth would likely slow down because of a competitive fare environment.