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Microchip Technology shares rally after upbeat quarterly results

Arizona-based chip maker Microchip Technology (MCHP) inched 1.88% during the pre-market trading after the company reported an upbeat result during…

Market: Stocks to open lower ahead of Trump’s decision on N-deal

US futures are pointing to a lower open today after ending higher on Monday, as investors are cautious ahead of…

Mondelez goes premium with Tate’s buyout

Mondelez (MDLZ) announced on Sunday that it has decided to buy New York-based Tate’s Bake Shop for $500 million. With…

Valeant revenue slips even as it grapples to revive its brand

Valeant Pharmaceuticals (VRX) reported total revenues of $1.99 billion for the first quarter of 2018, a decrease of 5% from…

Snap CFO Drew Vollero to step down; to be replaced by Amazon’s Tim Stone

Social media firm Snap (SNAP) Monday said its Chief Financial Officer Drew Vollero will be leaving the company on May…

ZTE requests US officials to lift the 7-year ban on components

China-based phone manufacturer ZTE, which was struggling to survive post the ban imposed by the US authorities, has now asked…

Elliot Management bids for Athenahealth

Hedge fund Elliot Management Corp. has made an unsolicited bid for Athenahealth Inc. (ATHN) of $160 per share, or an…

Microsoft doubles down on AI chips to maintain cloud market share

In a step to narrow competition with Amazon (AMZN) Web Services and Alphabet’s (GOOGL) Google Cloud, Microsoft (MSFT) is bringing…

Activist Investor Carl Icahn divests stake in AIG

Last week, we heard the news about Warren Buffett adding another 75 million shares of Apple (AAPL) and increasing Berkshire…

Apple is now so close to $1 trillion mark that there is no stopping it

Though Warren Buffett is one of those rare species who “is scared to use” an iPhone, his conviction in Apple…