Intel’s stock paces Dow declines, dips into bear-market territory before bouncing

Shares of Intel Corp. INTC, -1.20% fell 0.8% in midday trade, putting them on track to close at a seven-month low, and as they paced the 8 of 30 Dow Jones Industrial Average DJIA, +0.56% components that were losing ground. Analyst Rick Schafer at Oppenheimer said the chip maker is encountering "tight" 14-nanometer process production capacity in house, so is […]

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ArcelorMittal Confirms Revised Proposal For Essar Steel – Quick Facts

ArcelorMittal (MT) confirmed that on 10 September 2018, the company submitted a revised proposal to Essar Steel India Limited’s Committee of Creditors for the acquisition of Essar Steel India. The company also confirmed that media reports speculating on the financial value of the revised offer are broadly accurate. The company noted that its revised offer, which also includes a commitment […]

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Ashtead expands buybacks after profit rise

Ashtead Group PLC (AHT.LN) said that first-quarter pretax profit rose 20% against a backdrop of positive market conditions, and that it is expanding its share-buyback program. The company said that profit before tax for the quarter ended July 31 was 274.4 million pounds ($355.9 million) up from GBP228.9 million. Revenue increased 19% to GBP1.05 billion. The company said it now […]

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JD Sports pretax profit rises 19%

JD Sports Fashion PLC (JD.LN) said Tuesday that pretax profit rose 19% in the first half, despite tough U.K. market conditions. The sports-apparel retailer made a profit of 121.9 million pounds ($159.2 million) in the 26 weeks ended Aug. 4 compared with GBP102.7 million in the same period a year earlier. Revenue rose to GBP1.85 billion from GBP1.37 billion. Sales […]

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Integrated Device Technology scooped up by Japan’s Renesas for $6.7 billion

TOKYO—Renesas Electronics Corp. will buy California-based Integrated Device Technology Inc. for $6.7 billion, the Japanese chip maker said Tuesday. Renesas 6723, +4.43%  isn’t planning a new share offering to finance the deal. Instead, it will use cash and new loans from its banks, worth a total of 679 billion yen ($6.1 billion). The $6.7 billion price tag translates to $49 […]

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