Thursday, August 19, 2010
U.S. stocks hit by dismal economic data
U.S.STOCKS HIT BY DISMAL ECONOMIC DATA
The latest batch of economic data cast a gloomy light on the strength
of the recovery, overshadowing Intel's deal for McAfee.
INTEL TO BUY MCAFEE FOR $7.7 BILLION
Intel will pay $48 a share in cash for McAfee, as the chip giant
targets security as a growth area.
INTEL'S $7.7 MCAFEE BUY LEADS WEAK TECH ACTION
Tech stocks were mixed in Thursday's trading action, as Intel Corp's
surprise $7.7 billion deal to acquire security-software company McAfee
Inc. highlighted the sector's action.
H-P CULTURE CRUMBLED FURTHER UNDER HURD
The drama surrounding Mark Hurd's abrupt departure as chief executive
of Hewlett-Packard Co. has shined an unflattering light on the
company, writes Therese Poletti.
GOLD ADDS TO ADVANCE AFTER PHILLY FED, INDICATORS
Gold futures touch the loftiest in seven weeks as initial claims for
jobless benefits hit a nine-month high last week and as two leading
indicators of economic activity reinforce expectations for a slowdown
in growth.
