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Stock impact report

Intel Gains on Report of Joint Venture Deal With TSMC [Yahoo! Finance]

Shake Shack, Inc. Class A (SHAK) 
Last shake shack, inc. class a earnings: 2/24 04:05 pm Check Earnings Report
Company Research Source: Yahoo! Finance
sign the beleaguered US chipmaker is moving ahead with a plan that's been highly anticipated by investors. Most Read from Bloomberg Metro-North Is Faster Than Acela on NYC-New Haven Route After Signal Updates London Clears Final Hurdle for More High-Speed Trains to Europe Local Governments Vie for Fired Federal Workers Housing Agency Aims to Relocate Its DC Headquarters What Would ‘Transportation Abundance' Look Like? The shares climbed as much as 8.7% on Thursday after the Information website reported the news, erasing a decline of more than 5% earlier in the session. The stock had been up about 10% this year through Wednesday, fueled in part by hopes that Intel would pursue such a move. Executives from both companies reached a preliminary agreement to form a joint venture that would run Intel's manufacturing plants, the Information reported. Intel and other American chipmakers will hold the majority of stock in the initiative, which would include at least some of the Show less Read more
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