Business

(Reuters) – Applied Materials Inc (AMAT.O), the world’s largest supplier of tools used to make semiconductors, reported a better-than-expected quarterly profit helped by strong growth in its semiconductor and display businesses. Shares of the company rose 4.2 percent to $44.95 in extended trading on Thursday. Applied Materials, whose results are seen as the bellwether for
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(Reuters) – U.S. stocks opened lower on Wednesday after minutes from the Federal Reserve’s July meeting showed growing concerns over weak inflation, while investors worried about President Donald Trump’s ability to pursue his pro-growth policies. All the 11 major indexes were lower, with technology index’s .SPLRCT 0.4 percent fall topping the list. Cisco’s (CSCO.O) 4
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NEW YORK (Reuters) – U.S. authorities on Wednesday announced insider trading charges accusing seven people of generating more than $5 million of profit based on tips from a Bank of America Corp (BAC.N) employee about dozens of pending corporate transactions. Daniel Rivas, who was the alleged tipper and later worked at Royal Bank of Canada
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WASHINGTON (Reuters) – U.S. retail sales recorded their biggest increase in seven months in July as consumers boosted purchases of motor vehicles and lifted discretionary spending, suggesting the economy continued to gain momentum early in the third quarter. Retail sales for June and May also were revised higher, which should help to assuage concerns about
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(Reuters) – The chief executives of Intel Corp, Merck & Co Inc and Under Armour Inc resigned from U.S. President Donald Trump’s American Manufacturing Council on Monday, following Trump’s initially tepid response to weekend violence at a rally of white supremacists in Charlottesville, Virginia. “I resigned from the council to call attention to the serious
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DUBAI (Reuters) – Iran is holding talks with European planemaker Airbus to buy 48 helicopters for civilian use, an Iranian official was on Saturday quoted as saying, as Iran continues its shopping spree of Western aircraft after the lifting of sanctions. “The Health Ministry is planning to order 45 HEMS (Helicopter Emergency Medical Service) helicopters
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(Reuters) – Department store operator Kohl’s Corp (KSS.N) reported better-than-expected quarterly profit and comparable sales, helped by a sales boost in the final month of the quarter and cost cuts, sending its shares up 4 percent in premarket trading. Kohl’s and rivals such as Macy’s Inc (M.N) and J.C. Penney Co Inc (JCP.N) have been
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