font size The tie-up between Cleveland Cliffs and US Steel should raise concerns about market concentration. Jean-Christophe Verhagen/AFP via Getty Images fight for United States Steel It has already taken a number of unexpected twists and turns. Investors got another one. Thursday, mainly United Steelworkers Supported try before Cleveland Cliffs (Stock ticker: CLF) to acquire … Read more
font size Networking giant Cisco Systems reported fourth-quarter earnings and sales that beat analyst estimates. Gabriel Boyes/AFP via Getty Images Stock futures traded with slight gains on Thursday after Wall Street closed lower following the release of minutes from the Federal Reserve’s July meeting which indicated that officials think they may have to continue raising … Read more
font size Patrick Gelsinger, CEO of Intel, has made contract chip manufacturing an essential part of his strategy. Ting Xin/Bloomberg Intel has dropped its planned $5.4 billion acquisition of Israel Semiconductor tower . It’s a setback for Intel’s plans to expand its chipmaking business. Intel (ticker: INTC) said on Wednesday that the deal, originally agreed … Read more