Shares News

NEW YORK (Dow Jones) -- Advanced Micro Devices Inc. shares fell further Friday after the chipmaker cut its second-quarter sales forecast due to an emerging price war with larger rival Intel Corp. for chips that power desktop and laptop computers. Shares of AMD (AMD) fell 27 cents, or 1.1%, to $23.56, adding to steep losses during the last four months. Since March 2, when Intel cut its own sales ...

SAN FRANCISCO (Dow Jones) -- General Motors Corp.'s board, pushed by one of the company's biggest shareholders, said Friday it would support a senior management proposal to open talks with Renault and Nissan on a possible three- way alliance. The board of the Detroit-based automaker (GM) "authorized management to proceed with its plan to consider ideas the other two companies have and to weigh  ...

NEW YORK (Dow Jones) -- Verizon Communications Inc. on Friday filed plans with federal regulators to spin off its Yellow Pages business to shareholders in a deal that could be valued at up to $16 billion. The New York-based phone giant said last December it would sell or spin off its directory business. On Friday, Verizon filed a notification statement with the Securities and Exchange Commissio ...

SAN FRANCISCO (Dow Jones) -- General Motors Corp.'s board, pushed by one of the company's biggest shareholders, said Friday it would support a senior management proposal to open talks with Renault and Nissan on a possible three- way alliance. The board of the Detroit-based automaker (GM) "authorized management to proceed with its plan to consider ideas the other two companies have and to weigh  ...

CHICAGO (Dow Jones) -- Shares of RadioShack Corp. shot up more than 17% Friday after the troubled electronics retailer said it has named a well-known turnaround specialist as chief executive. Julian Day, who took the helm of Kmart Corp. in 2003 after that struggling retailer filed for the largest bankruptcy in U.S. retail history and ousted its chief executive, is stepping in to the post. He r ...

WASHINGTON (Dow Jones) -- U.S. firms continued to hire in June, but at a slower pace than in the first few months of the year, while wage growth was the fastest in five years, the Labor Department said Friday. U.S. nonfarm payrolls grew by 121,000 jobs in June, the department said. In the second quarter, firms added an average 108,000 jobs, down from 176,000 in the first quarter. The unem ...

Technology stocks headed straight into the red Friday after chipmaker Advanced Micro Devices Inc. gave a weaker-than-expected second-quarter sales forecast. AMD (AMD) said late Thursday that it expects to report revenue of $1.22 billion, or a 9% decline from its first-quarter sales of $1.33 billion. The company, the world's No. 2 maker of chips for personal computers, said declining sales of it ...

U.S. stocks lost ground Friday as a profit warning from 3M Co. dragged the Dow Jones Industrial Average to a triple-digit decline, while U.S. jobs data raised hopes of an end to interest-rate increases but also sparked concern over slowing economic growth. The Dow industrials (DJI) fell 119 points to 11,106. The Nasdaq Composite Index (RIXF) dropped 12 points to 2,143 while the S&P 500 I ...

By Clara Ferreira-Marques LONDON (Reuters) - Standard Life priced its initial public offer at 230 pence a share on Friday, in the lower half of its indicated range, valuing the insurer at around 4.65 billion pounds ahead of Monday's debut. The listing will end eight decades of mutual ownership, turning Standard Life (SL.UL: Quote, Profile, Research) into the fifth-largest UK-listed insurer and propelling it into the FTSE 100 blue-chip stock index. Monday's market debut is the biggest UK init ...

NEW YORK (Dow Jones) - Lower-than-expected sales and higher startup costs at 3M Co.'s optical-films business will crimp second-quarter results, the maker of consumer, industrial and office products maker said Friday. The announcement surprised investors and dented the shares, which fell in recent trading by 7.5% to $75.31. It was by far the worst-performing component of the Dow Jones Industrial ...