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AMD battered with huge share declines

Bloomberg Advanced Micro Devices Inc ad-ded its name to a growing list of semiconductor companies that were battered with huge share declines after reporting disappointing results and forecasts. The stock slumped 20 percent. AMD’s results came on a day when investors were already pressing the sell button on a sector that many now fear is signaling a wider technology industry ...

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UK services growth slumps as Brexit hurts business optimism

Bloomberg The UK economy kicked off the fourth quarter on a disappointing note as Brexit concerns pushed growth in services to a seven-month low. IHS Markit’s index for the sector fell more than economists expected last month, recording the lowest reading since March when the nation was battered with bad weather. New business growth and optimism over the outlook were ...

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Abbott gets FDA approval for much-awaited diabetes app

Bloomberg Abbott Laboratories won US approval for its FreeStyle LibreLink diabetes-monitoring app, giving users a way to keep track of their glucose levels from their iPhones. The app works with Abbott’s FreeStyle Libre glucose sensors, which have rapidly become some of the top-selling medical devices in the US. It is likely to be a welcome addition for millions of customers ...

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