BANGALORE/SEATTLE Intel Corp's $17 billion purchase of programmable chip maker Altera Corp is a costly defensive move to ward off rivals in the prized datacenter business it dominates, analysts said on Monday.
US consumer spending unexpectedly stalled in April as households cut on purchases of cars and continued to boost savings, suggesting the economy was struggling to gain momentum early in the second quarter.
Mixed economic data weighed on investor sentiment as stocks bounced back from losses earlier in the day. Investors cautious in a week studded with economic data, ending Friday with the key jobs report.
FILE - In this May 27, 2015 file photo provided by the Metropolitan Transit Authority, workers repair a section of cable that was severed by vandals who stole 500 feet of copper cable from train tracks along the A train subway line south of Howard Beach, in the ...
Would you believe 14 weeks have already passed since the Greek bailout extension deal was agreed? That's about 2,352 hours of twists and turns, reform talks, rumors and misinformation.