Japan has blocked unusually heavy U.S. orders for semiconductors to ensure the success of a new microchip trade pact between the two countries, according to Ministry of International Trade and Industry (MITI) officials.
Broadcasting stocks held center stage in a mixed session on Wall Street today.
"dumping," that nation's largest producer of semiconductors announced a 20% price increase Monday on two key types of memory chips.
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A late rally in blue chips enabled the stock market to finish mixed for the second straight session
President Reagan wants to "let the chips fall where they may" and is ready to "take his lumps" when
Blue-chip issues rejoined the stock market's rally in heavy trading Thursday as the Dow Jones industrial average closed just short of a record high.
Southern California was settling in for a blistering day and by 9 a.m. the tiny waiting room in the parole office was a sauna.
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The stock market went back on the offensive Thursday, rallying from a setback in the previous session with the help of renewed weakness in oil prices and declining interest rates.