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LATEST NEWS
 
Citigroup plunges on uncertainty:

Shares in Citigroup, one of the biggest banks in the US, fell on Friday amid uncertainty about the firm's future.

Fri, 21 Nov 2008 22:13:00 GMT
 
Rwandan growth could reach 10%:

Rwanda's booming manufacturing and farming sectors could push growth in the country to 10% this year, its central bank says.

Fri, 21 Nov 2008 10:03:51 GMT
 
Gap profits higher than expected:

American clothes retailer Gap defies Wall Street forecasts and reports higher-than-expected third quarter net profits.

Fri, 21 Nov 2008 12:33:43 GMT
 
No agreement for US car bail-out:

US carmakers are given a deadline to produce a viable recovery plan if they want a $25bn government bail-out.

Thu, 20 Nov 2008 22:30:25 GMT
 
Russian oil giant circles Repsol:

Spanish savings bank La Caixa may sell its 14% stake in Spanish-Argentine energy firm Repsol to Russia's Lukoil.

Fri, 21 Nov 2008 11:38:40 GMT
 
Italian telecoms talks collapse:

Hutchison Whampoa subsidiary 3 Italia fails to reach a merger agreement with Telecom Italia because of price disagreements.

Fri, 21 Nov 2008 10:41:50 GMT
 
EU warns against car subsidy race:

EU Competition Commissioner Neelie Kroes tells France and Germany not to start a "subsidy race" to save the car industry

Fri, 21 Nov 2008 15:30:39 GMT
 
Eurozone business activity falls:

Business activity in the 15 countries sharing the euro falls in November to a ten-year low, the purchasing managers' index (PMI) shows.

Fri, 21 Nov 2008 12:38:40 GMT
 
US shares up on 'Treasury choice':

US shares rise sharply on reports that President-elect Barack Obama has chosen his treasury secretary, reassuring investors.

Fri, 21 Nov 2008 23:20:22 GMT
 
COMPANY NEWS
 
KLA-Tencor lays off 900:

Following on Applied Material's 12% workforce reduction, fellow capital equipment vendor KLA-Tencor announces plans to cut 15% of its workforce by the end of June.

Wed, 19 Nov 2008 00:00:00 PDT

 
Transmeta to be acquired by start-up for $256M:

Per its acquisition by Novafora, a four-year-old developer of video processors, Transmeta may not enter into any future licensing transaction prior to closing of the deal without Novafora's consent.

Tue, 18 Nov 2008 00:00:00 PDT

 
NXP says Q4 sales could be down 25%:

NXP has significantly increased its revenue decline expectations for the December quarter on weakening macroeconomic conditions, limited sales visibility, and what it described as a "deteriorating" sales environment.

Thu, 20 Nov 2008 00:00:00 PDT

 
Fear, negative momentum influence chip market, iSuppli says:

The psychology of many industry players has shifted to a "survival mentality," with cost-control and cash-conservation considerations driving decisions, iSuppli says as it reports full-year revenue will decline in 2008 for the first time since 2001.

Wed, 19 Nov 2008 00:00:00 PDT

 
Consumer spending damaging semi sales, growth to return in 2010, SIA reports:

Weak consumer spending will impact Q4 and 2009 semiconductor sales, the SIA says. However, growth will return in 2010 and continue in 2011.

Wed, 19 Nov 2008 00:00:00 PDT