While you were sleeping: HP shares buck trend

Mon, 06 Oct 2014

By Margreet Dietz Oct. 7 (BusinessDesk) - Wall Street moved lower as investors positioned themselves on the eve of the US third-quarter earnings season. Shares of Micron dropped, last down 4.2 percent, after Samsung said it plans to spend US$14.7 billion on a new chip facility in South Korea. Micron is the largest US chipmaker. “Semiconductor has been Samsung’s long-time key business, while the company can no longer expect strong growth from its mobile unit,” Lee Min Hee, an analyst at I’M Investment & Securities in Seoul, told Bloombe...

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