MediaTek steps up battle with Qualcomm MediaTek, the leading supplier of chips for Chinese mobile phones, has said it aims to steal market share from Qualcomm. The FT reports.
Source: Financial Times
| By: Simon Mundy in Hsinchu, Taiwan
Lawmakers see budget savings opportunity with contract talks HARTFORD, Conn.— With labor contracts for 12 of 13 Connecticut state employee unions set to expire at the end of June, some elected officials see opportunity for budget savings as they grapple with projected deficits this year and in the future. "A lot of what they're going to be looking at monetarily has almost been established," said House Majority Leader Joe...
Source: The Associated Press
| By: By SUSAN HAIGH, Associated Press
US STOCKS-Wall St ends flat; Disney, retailers dip on sales worries *U.S. markets close early day after Thanksgiving holiday. U.S. stock markets closed three hours earlier following the Thanksgiving holiday on Thursday, with many traders taking the day off. "We're going to get today over with and hit the ground running next week," said Brian Battle, director of trading at Performance Trust Capital Partners in Chicago.
| By: Sinead Carew
Wall St Week Ahead-Holiday shopping unlikely to cheer many investors After months of uninspiring sales growth and recent disappointments from Macy's and Nordstrom, shareholders of apparel sellers have had little to be thankful for and face a challenging holiday season. Macy's stock has plummeted 39 percent this year while Nordstrom is down 22 percent and Tiffany& Co is 23 percent lower- all far worse than the benchmark S&P 500...
| By: Noel Randewich
US STOCKS-Wall St flat as Disney weighs; retailers off on sales worries Nov 27- Wall Street was little changed in light trading on Friday, with consumer stocks falling as investors worried about early reports on the U.S. holiday shopping season and Disney weighed. U.S. stock markets were scheduled to close three hours early at 1 p.m. ET after being shuttered all day Thursday for the Thanksgiving holiday. "We're going to get today over...
| By: Sinead Carew
Collapsing cost of euro funding lures U.S. firms over the ocean LONDON, Nov 27- The euro's slide against the dollar this year has been a competitive boon for corporate Europe, but it has also opened up an alternative financing window for corporate America. This will be a record year for U.S. companies raising funds in euros, a financing option that should be widely used again next year if the euro weakens further against the...
| By: Jamie McGeever