US Stocks Waver as Retailers Rise and Tech Companies Slip
Investors appeared to be pleased with some of Apple’s plans Tuesday, including new features
that are being added to the Apple Watch, but the company’s stock took a small loss a day ago
Target said it will hire far more workers for the holiday season this year, which has investors hoping for a strong holiday shopping period.
Western Digital wants to buy that business and has filed a lawsuit to stop Toshiba from selling that business to anyone else.
JILTED: Hard drive maker Western Digital slumped $4.71, or 5.3 percent, to $84.07 after its partner Toshiba
said it will sell its computer memory business to a consortium led by Bain Capital Private Equity.
Toshiba has said it needs to sell the division to help offset losses by its Westinghouse
Electric nuclear business, which filed for bankruptcy protection in March.
NEW YORK — U. S. stock indexes are hardly budging Wednesday as banks
and technology companies give back some of their gains from earlier in the week while retailers and energy companies trade higher.