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Business 16 Jun 2006 | 12:00 AM

Philips making US$1.3bil cash purchase of Intermagnetics

Dutch electrical appliances maker Philips NV has agreed to buy Intermagnetics, a maker of magnets and imaging tools for hospital imaging equipment, for US$1.3bil cash or US$27.50 a share.

Business 22 Feb 2007 | 12:00 AM

Tech sector to play catch up?

THE price performance of the technology sector has been disappointing thus far despite the bull run in the local bourse. For now, interest in the new i-Phone and the surge in PC sales may see another round of sentiment hikes for tech stocks.

Business 24 Jul 2013 | 7:20 AM

S&P 500 Dips And Dow Gains On UTX; Apple Up Late

NEW YORK: The S&P 500 snapped a four-day winning streak on Tuesday and pulled back from Monday's record closing high, while healthy earnings from United Technologies gave the Dow a slight lift.

Business 23 Apr 2015 | 8:19 AM

US stocks end stronger as investors look beyond mixed earnings

NEW YORK: U.S. stocks ended stronger on Wednesday as Visa's potential expansion into China and talk of a turnaround at McDonald's helped investors look beyond a mixed bag of quarterly earnings.

Business 08 May 2015 | 6:24 AM

Wall Street ends stronger as global debt worries fade

NEW YORK: US stocks ended higher on Thursday, helped by a jump in tech stocks and a reversal in surging global interest rates.

Business 08 May 2015 | 8:47 AM

Asian shares firm early Friday, sterling jumps on UK exit polls

MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.4 percent, recovering from a one-month low hit earlier. Japan's Nikkei ticked up 0.4 percent from one-month low hit on Thursday.

Business 23 Jul 2015 | 6:50 AM

Global stocks slide on Apple's forecast, US$ rebounds

NEW YORK: Global equity markets fell on Wednesday, pulled down by a weak revenue forecast at Apple Inc, the world's largest company, while a rebounding dollar after its biggest decline in a month weighed on gold and some stocks.

Business 23 Jul 2015 | 7:11 AM

US$5.7bilion wiped off European tech shares after Apple outlook disappoints

LONDON: Top European technology stocks shed nearly $6 billion of market value on Wednesday, with suppliers for Apple the top fallers after the tech giant's revenue forecasts fell short of expectations.

TECH 11 Nov 2016 | 6:30 AM

Ericsson looks to expand Cisco partnership as it cuts market outlook

Struggling telecoms equipment maker Ericsson is looking to expand the scope of its partnership with Cisco as it hunts for ways to offset weaker growth for the industry over the next two years.

Business 17 Mar 2017 | 10:40 PM

US stocks dip as banks, Amgen weigh; Adobe rallies

NEW YORK: U.S. stocks dipped on Friday as bank shares fell alongside Treasury yields while Adobe helped buoy the S&P tech sector and the Nasdaq Composite.