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Micron misses sales estimates as chip supply glut hurts prices

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Memory chip parts of U.S. memory chip maker MicronTechnology are pictured at their fair booth at an industrial fair in Frankfurt, Germany, July 14, 2015. REUTERS/Kai Pfaffenbach/File Photo (Reuters) – U.S. chipmaker Micron Technology Inc (MU.O) on Tuesday missed Wall Street estimates for quarterly revenue, hurt by falling prices for its memory chips due to Read More

George Lucas's film empire tops Forbes list of richest U.S. celebrities

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NEW YORK (Reuters) – Filmmaker George Lucas’s “Star Wars” empire – the movie franchise, not Darth Vader’s fictional galactic government – planted him firmly atop Forbes magazine’s third annual ranking of the wealthiest U.S. celebrities which was released on Tuesday. FILE PHOTO: Kennedy Center Honoree and filmmaker George Lucas walks the red carpet before the Read More

InVivo looks to pesticide-free food, French bread for future growth

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PARIS (Reuters) – French agricultural cooperative InVivo said on Tuesday it wants to invest heavily in new farming techniques to support pesticide-free food and is considering making bread as it seeks new growth drivers after the sale of its animal nutrition unit. FILE PHOTO: The logo of InVivo is seen at the company’s headquarters in Read More

Equity markets edge up, oil drops, on growth worries ahead of Fed meeting

5 hours ago DieselGasoil Comments Off on Equity markets edge up, oil drops, on growth worries ahead of Fed meeting
NEW YORK (Reuters) – World stock markets inched higher on Tuesday as investors looked ahead to whether the U.S. Federal Reserve will be able to raise interest rates much further amid turbulent markets and a weakening outlook for the global economy. Steep declines in equity markets over the last two months have sapped investor confidence, Read More

Tech stocks, upbeat earnings boost Wall Street; Fed in focus

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(Reuters) – Wall Street rose on Tuesday, helped by technology stocks, upbeat earnings reports and a rebound in few bellwether stocks, while investors awaited clues on the Federal Reserve’s path for future rate hikes. Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., December 11, 2018. REUTERS/Brendan McDermid Read More

Brazilian Fifth Chamber Approved Agreement between Brazilian Prosecutor and SBM Offshore

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December 18, 2018 The Leniency Agreement with the Brazilian Federal Prosecutor’s Office (Ministério Público Federal – “MPF”) of September 1, 2018 has been approved by the Brazilian Fifth Chamber for Coordination and Review and Anti-corruption. This Leniency Agreement comprises a final settlement between the Company and the MPF with respect to alleged improper sales practices Read More

Wall Street's main small-cap index drops into bear market

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SAN FRANCISCO (Reuters) – Wall Street’s most widely followed benchmark of small-cap stocks tumbled into a bear market on Monday as investors grew more worried about slower profit growth and rising interest rates. Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., December 11, 2018. REUTERS/Brendan McDermid The Read More

Goldman, Morgan Stanley gain clout in Brazil as NY IPOs grow

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SAO PAULO (Reuters) – Goldman Sachs Group Inc (GS.N), Morgan Stanley(MS.N) and Bank of America Merrill Lynch(BAC.N) are regaining clout in Latin America’s largest economy as Brazilian companies opt to list shares in New York instead of on their local exchanges, Refinitiv data shows. A sign is displayed on the Morgan Stanley building in New Read More

U.S. Well Services Expands Liquidity Through New Credit Facility, Provides Business Update

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HOUSTON, Dec. 17, 2018 (GLOBE NEWSWIRE) — U.S. Well Services, Inc. (NASDAQ: USWS) (“USWS” or the “company”) today announced an expansion of its borrowing capacity with the addition of a $75 million second lien delayed draw credit facility provided by Piper Jaffray Finance, LLC and an amendment to its existing first lien credit facility.  The Read More

Foxconn not in settlement talks with Qualcomm in Apple battle: attorney

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SAN FRANCISCO (Reuters) – The lead attorney for the group of Apple Inc device assemblers seeking at least $9 billion in damages from Qualcomm Inc said on Sunday the contract manufacturers are not in settlement talks with the mobile chip supplier and are “gearing up and heading toward the trial” in April. FILE PHOTO: A Read More