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