Stocks that are trading heavily or have substantial price changes Wednesday: Target and Stride rise; Coherent and Tower Semiconductor fall.
The retailer reported strong profits despite a backlash by some shoppers against its Pride month promotions.The online education company blew past analysts’ third-quarter profit projections.The Israeli chip manufacturer and Intel called off their $5.4 billion merger after Chinese regulators opposed it.The networking and laser company’s financial forecast came in well below Wall Street targets.The tax preparer beat analysts’ fourth-quarter sales and profit forecasts.The owner of T.J.
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Intel scraps $5.4 billion acquisition of Tower Semiconductor after regulators fail to approve dealIntel first announced plans to buy Tower Semiconductor in 2022 for $5.4 billion, but is now terminating the deal saying it failed to get regulatory approval.
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Intel walks away from its $5.4 billion takeover of Tower SemiconductorAfter announcing the deal last year, Intel will no longer acquire Tower Semiconductor for $5.4 billion..
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