Chinese state-owned company wants to buy Micron

Micron Technology Inc settled 0.23% higher at $17.61 per share on the NASDAQ on Monday, marking a year-to-date decline of 49.70% and valuing the company at $19.1 billion. If the acquisition comes through for Tsinghua Unigroup, it will become the largest takeover of an American company by a China firm beating the earlier takeover of […]

U.S. retail sales unexpectedly weak in June

Sales at retailers and restaurants declined 0.3% from the prior month to a seasonally adjusted $442 billion in June, the Commerce Department said Tuesday. That followed a robust 1 per cent jump in May, though that was revised down from a previous estimate of 1.2 per cent. Consumers are unlikely to spend more without receiving […]

Bush defends economic proposals in Iowa

“As a former senator from New York, I know firsthand the role that Wall Street can and should play in our economy, helping main street grow and prosper, and boosting new companies that make American more competitive globally”, Clinton said. She singled out three GOP candidates by name, including former Florida Gov. Jeb Bush, whom […]