Shares in Monte dei Paschi rise strongly at open
MILAN, Dec 7 Shares in Monte dei Paschi shot up more than 9 percent in early trade on Wednesday after sources said Italy is preparing to take a controlling stake in the troubled bank.
April 22 Chipmaker Skyworks Solutions Inc forecast third-quarter results above Wall Street estimates on strong sales of analog chips used to connect machines to the Internet.
The company's shares rose about 8 percent to $40.90 in extended trading.
Skyworks, whose analog chips are used in e-book readers, cable modems and LED lighting, forecast current-quarter adjusted earnings of 73 cents per share, on revenue of $535 million.
Analysts on average were expecting earnings of 63 cents per share on revenue of $488.2 million, according to Thomson Reuters I/B/E/S.
Machine-to-machine connectivity, more commonly known as the "Internet of Things", allows machines on both wired and wireless networks to interact with one other. (Reporting By Aurindom Mukherjee in Bangalore; Editing by Savio D'Souza)
TOKYO, Dec 7 Shares of SoftBank Corp soared to their highest level in more than a year on Wednesday after Chief Executive Masayoshi Son said he would invest $50 billion in U.S. businesses.
TORONTO, Dec 6 Bank of Montreal's Chief Financial Officer said he was comfortable with the bank's capital strength, despite it being weaker than rivals', after the lender reported better-than-expected earnings.