Business

Japan's SoftBank to purchase Arm Holdings for $32 Billion

Suiting its low profile, ARM is located in a business park in Cambridge, the university city an hour from London. Shares in the FTSE 100 company, founded in 1990 in Cambridge and floated on the stock market eight years later, soared 486p to 1675p after it recommended an all-cash offer of 1700p-a-share, representing a 43 per cent premium to its previous closing price.

Business

Europe dips but Asian stocks rise on Japan stimulus hopes

U.S. crude rose 0.2% to $44.82 a barrel, poised for a 2.5% fall in a week in which they touched a two-month low. USA stocks were poised for a subdued open, with Dow futures unchanged and the broader S&P 500 futures down 0.2 percent. The Nikkei 225 Stock Average slid 0.9 percent. BOUGHT: EBay jumped $2.67, or 9.7 percent, to $29.66 after reporting stronger-than-expected earnings for the latest quarter.

Business

Stocks Retreat From Record Territory on ECB Meeting, Earnings

The stock led the health sector .SPXHC 0.4 percent higher, making it the biggest gainer among the 10 major S&P sectors. The heavyweight financials group was barely lower, and industrials slipped 0.1 per cent. OUCH: Stryker fell $5.90, or 4.8 per cent, to $116.65 after it gave a forecast for earnings in the current quarter that was lower than analysts were expecting.

Business

Donald Trump to give biggest speech of his life

But he was startled by Hayes' reply. "I'm with you, I will fight for you, and I will win for you". At the brunch, held in a big tent at the Rock & Roll Hall of Fame, pro-LGBT Republicans sipped mimosas and mingled with transgender activist Caitlyn Jenner while a man carried a rainbow version of the Gadsden flag, a tea party symbol.

Business

Pound falls as UK economy contracts at "fastest pace since 2009"

The latest Markit/CIPS Flash UK PMI survey of around 600 companies suggests from data collected between July 12 to July 21, the UK economy opened the third quarter "on a weak footing", with both output and new orders down for the first time since 2012.

Business

RNC Chair Denies Trump Considered Taking Back Pence VP Offer

Trump's choice of Indiana Gov. Mike Pence as his running mate was overshadowed by a terror attack in France and attempted coup in Turkey. Trump is not scheduled to join him. Trump's decision to select Pence was seen as a move to unify the Republican Party, which remains deeply divided in the wake of the NY real estate mogul's primary victory.


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