U.S. stocks rose, sending the Standard & Poor’s 500 Index to its best week since July, as earnings from General Electric Co. and Morgan Stanley beat estimates and concern eased that the Ukraine crisis may worsen.
Micron Technology Inc., the largest U.S. maker of memory chips, reported fiscal second-quarter sales that beat analysts’ estimates as limited supply bolstered prices amid lackluster computer and phone demand.
Toshiba Corp. plans to sign at least three partnerships in the next 12 months to manufacture lighting fixtures in Europe as it seeks to become the region’s third-biggest supplier of light-emitting diodes.
Samsung Electronics Co. , Toshiba Corp. and other makers of flash-memory chips won a court ruling that bars a collective price-fixing lawsuit against them on behalf of U.S. consumers who purchased computer memory cards and drives and digital media players.
Toshiba Corp., the Japanese maker of flash-memory chips, elevators and steam turbines, posted a larger-than-expected profit because of higher semiconductor prices, a weaker yen and rising sales of power equipment.