Intel puts modem business up for sale, held talks with Apple: WSJ
Intel Corp is exploring strategic options for its modem chip business, including a possible sale to Apple or another acquirer, the Wall Street Journal reported on Friday, citing people familiar with the matter.
Wall Street nudges up after weak Intel results, mixed GDP report
Wall Street’s three major indexes rose slightly on Friday as Intel’s weak results put the techology sector under pressure and the energy index tumbled along with the price of oil and mixed first-quarter GDP data gave investors some pause.
Global stocks rise slightly but dollar eases in wake of U.S. GDP data
Global stock markets edged higher on Friday as data showing U.S. economic growth accelerated in the first quarter offset corporate earnings disappointments, while the dollar fell against a basket of currencies.
Toyota halts plan to install U.S. connected vehicle tech by 2021
Toyota Motor Corp said on Friday it was halting plans to install Dedicated Short-Range Communications (DSRC) technology, aimed at letting cars and trucks communicate with one another to avoid collisions, on U.S. vehicles beginning in 2021.
Uber unveils IPO terms that temper expectations
Uber Technologies Inc, the world’s largest ride-hailing company, plans an initial public offering that values the company lower than the startup’s insiders had hoped, between $80.5 billion and $91.5 billion.
Ending tough week, Tesla shares sink to lowest level in two years
Tesla Inc’s stock slumped over 5% on Friday to its lowest price in two years, rounding out a rough week that included worse-than-expected quarterly results and a pitch by Chief Executive Elon Musk on autonomous cars that failed to win over investors.
Oil tumbles more than 3% as Trump again urges OPEC to lower prices
Oil prices sank more than 3 percent on Friday after U.S. President Donald Trump again pressured the Organization of the Petroleum Exporting Countries to raise crude production to ease gasoline prices.
United Airlines expects to cancel 900 Boeing 737 MAX flights in May
United Airlines said on Friday it expects to cancel about 900 flights in May and around 130 in April due to the grounding of Boeing’s 737 MAX jets.
Wall Street hits a lull after weak Intel results, mixed GDP report
U.S. stocks came under pressure on Friday, hit by weak results from Intel and Exxon Mobil, with mixed first-quarter GDP data adding to a somber mood.
White House adviser says ‘ample progress’ being made in U.S.-China talks
White House economic adviser Kevin Hassett said on Friday that “ample progress” is being made in the U.S.-China trade talks.
