By Diane Bartz, Noel Randewich and Andrea Shalal WASHINGTON/SAN FRANCISCO (Reuters) – A Chinese state-backed company’s plan to buy U.S. chip maker Micron Technology faces no shortage of obstacles – questions about the price, worries on Capitol Hill, an aggressive regulator – and any one of them could torpedo the deal. Analysts argued Tsinghua Unigroup Ltd’s proposed price, $23 billion, was far too low. “If people decide that if what
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Federal Reserve Chair Janet Yellen sees a number of encouraging signs that the economy is reviving after a brutal winter and says if the improvements stay on track, the Fed will likely start raising interest rates later this year.
Jamie Dimon unexpectedly said he might sit out future investor calls. Here’s what Dick Bove thinks the JPM chief meant.
As other presidential candidates fight to raise money, Donald Trump is reminding everyone he’s already got a lot of it. The celebrity businessman’s campaign is expected to reveal details Wednesday of his …
Stocks are again stretching toward the upper end of the durable trading range. Can earnings keep them there this time?
The FAO Schwarz toy store on New York City’s Fifth Avenue is taking a final bow. The store is closing its doors for good on Wednesday night — though it may reopen elsewhere in midtown Manhattan. Owner …
Eggs are getting much more expensive — by the dozen and otherwise. The outbreak of avian flu caused the cost of eggs to nearly double last month for producers. Wholesale prices for chicken eggs jumped …
President Barack Obama set a goal of bringing high-speed Internet to most schools by 2017, and now he’s promoting a new program to help close the digital divide even further by bringing that faster Internet …
U.S. factory production was unchanged for a second straight month in June as a sharp drop in auto manufacturing was offset by greater output of furniture and chemicals. The cutback in auto production comes …
