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Monthly Archives: May 2018

Shares of Applied Materials, barometer for chip industry, drop the most in 9 years

Shares of Applied Materials fell sharply Friday after the company lowered its current-quarter revenue and sales projections in its semiconductor business below Wall Street expectations. Applied Materials, which makes equipment used to produce chips, saw its stock fall more than 9.5 percent Friday morning, on track for its worst day …

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Putin, Merkel discuss U.S. withdrawal from Iran nuclear deal

Mikhail Svetlov/Getty Images German Chancellor Angela Merkel (R) and Russian President Vladimir Putin (L) arrive to the plenary session at the G20 Summit on July 7, 2017. Russian President Vladimir Putin said on Friday he had discussed the U.S. withdrawal from the Iran nuclear deal at talks with German Chancellor …

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Amazon’s growing India business alone is likely worth more than Macy’s

Dhiraj Singh | Bloomberg | Getty Images Employees prepare packages for shipment on the conveyor belt at the Amazon.com fulfillment center in Hyderabad, India. Amazon will thrive in India even after Walmart’s acquisition of the e-commerce market leader in the South Asian country, according to one Wall Street firm. Citi …

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Vietnam formally launches investigation into Uber-Grab merger

Godong | UIG | Getty Images A woman using the Grab app on an Apple iPhone in Ho Chi Minh City, Vietnam. Vietnam’s Ministry of Industry and Trade on Friday officially launched an investigation into the takeover of Uber Technologies’ Southeast Asia business by rival Grab, the ministry said. The …

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AMD, Nvidia shares to soar on autonomous driving, cloud chips: Cowen

Sam Yeh | AFP | Getty Images A chip the size of a coin, used in central processing units and a graphic processing units developed by the US-headquartered Advanced Micro Devices (AMD). AMD and Nvidia shares will rise as the two chip companies benefit from promising secular growth technology trends, …

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Marvel Comics Stan Lee $1 billion lawsuit preposterous says Chinese firm

Getty images | Washington Post Stan Lee in his office in Beverly Hills, California. A Chinese company has said it is “preposterous” that Stan Lee, the former editor-in-chief at Marvel Comics, did not know he was signing over his name, image and likeness to it on an exclusive basis. Lee, …

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Uber chief product officer Jeff Holden to leave in latest executive departure

Horacio Villalobos | Corbis | Getty Images Jeff Holden CPO, Uber, speaks on ‘Uber’s flying cars’ during the third day of Web Summit in Altice Arena on November 08, 2017 in Lisbon, Portugal. Uber Technologies Chief Product Officer Jeff Holden is leaving the ride-hailing company, an Uber spokesman told Reuters …

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Ex-Russian spy discharged from UK hospital

Toby Melville | Reuters Police officers seal off the road on which Russian Sergei Skripal and his daughter have been staying in Salisbury, Britain, March 7, 2018. Sergei Skripal, a former Russian spy poisoned by a nerve agent in Britain in March, has been discharged from hospital, England’s health service …

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Europe must keep trying to work with Trump

Cheriss May | NurPhoto via Getty Images Germany’s Chancellor Angela Merkel, and U.S. President Donald Trump shake hands, during their joint press conference in the East Room of the White House in Washington, D.C., on Friday, April 27, 2018. EU leaders are rushing to find an alternative solution to the …

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FDA approves new Amgen drug for prevention of migraines

Ricardo Dearatanha | Los Angeles Times | Getty Images A research associate performs a buffer exchange for protein formulation at AMGEN, a drug research and development laboratory. Amgen won U.S. Food and Drug Administration approval on Thursday for the first drug to prevent migraine headaches in adults. The drug, Aimovig, …

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