Chip stocks plummeted Friday amid anxiety that the semiconductor industry has entered a downcycle, though analysts differ on just how broad-based any slowdown might be. A warning by Microchip Technology (MCHP) that sales in the most recent quarter will fall shy of previous guidance, word that it will cut wafer starts in factories and claims by CEO Steve Sanghi that “another industry correction has begun” got
Specialty drugmaker Salix Pharmaceuticals announced on Oct. 3 that it was doing something unusual: backing out of a merger before it closed. Back in July, Salix (SLXP) had agreed to acquire Cosmo Technologies, the Irish subsidiary of Italian drugmaker Cosmo Pharmaceuticals, in a stock swap valued at about $2.6 billion. The deal would have allowed Salix, like so many of its drug-industry peers, to move its official domicile to
Like Holly Golightly peering through the glass at Tiffany, window shoppers lined up outside upscale boutique Colette on Rue St. Honore on Tuesday to glimpse the new jewel on display during Paris Fashion Week. Except that this jewel, the Apple (AAPL) Watch, contained more pixels than precious gemstones. And the shoppers were mostly male tech geeks, not socialites. Is this the future of fashion? One in which luxury gadgets bump the