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Broadcom profit beats as demand rises from smartphone makers

2015-04-22 00:47:08| Wireless - Topix.net

Wireless chip maker Broadcom Inc reported higher-than-expected quarterly revenue and profit, helped by strong sales of its WiFi and broadband chips to handset makers such as Apple Inc and Samsung Electronics Co Ltd. Shares of Broadcom, which also forecast current-quarter revenue above analysts' expectations, rose 4 percent in extended trading on Tuesday. The company is benefiting from strong demand for newly-launched smartphones such as Apple's iPhone 6 and Samsung's Galaxy S6.

Tags: demand profit makers beats

Egypt's stocks slip as sugar protectionism may hurt food makers

2015-04-20 11:46:01| Sugar Industry News

Egypt's main stock index slipped in early trade on Sunday, partly because of Juhayna Food Industries, which may face higher costs. But most stocks rose and El Arabia For Investment & Development surged after saying it might sell a unit.

Tags: food sugar hurt stocks

Contact lens makers sue Utah over anti-price fixing law

2015-04-16 05:56:09| Biotech - Topix.net

The nation's largest contact lens manufacturers have sued Utah over a new law that critics say was written at the behest of Utah-based discount retailer 1-800-Contacts. The law comes amid an increasingly bitter fight between manufacturers like Johnson & Johnson and Bausch & Lomb and discount retailers over the prices of contact lenses.

Tags: contact law sue utah

GOLDMAN: The Apple Watch is going to be trouble for old-school watch makers

2015-04-15 23:12:14| Jewelry - Topix.net

Our key insights include: encouraging initial demand, with +11% of iPhone users "very likely" to purchase an Apple Watch this year, regular watch wearers are among the most likely to order an Apple or other smart watch, suggesting high displacement rates for traditional watches from smart watch adoption, young consumers are substantially more likely to buy an Apple Watch than older consumers, and those likely to buy a smart watch most often indicate Fossil, Seiko, Casio, Rolex, Timex, and TAG Heuer are the watch brands they wear today.

Tags: watch apple trouble makers