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RDRT News

Read-Rite Files for Bankruptcy

It defaulted last week on some covenants of its credit agreement with Tennenbaum Capital Partners.

Read-Rite Sinks on Weak Outlook

The stock loses 39% of its value after warning on revenue and earnings.

Read-Rite Drops 500 Jobs

The computer disk drive component maker said it eliminated 5% of its workforce to lower costs.

Earnings Worries Sink Nasdaq

The tech-heavy index falls 2.8% Friday, while the Dow sheds nearly 1%.

Breaking News

BP Among Leaders of Fair Value Increases by Morningstar

In the energy sector, 25% of the companies covered by Morningstar garnered fair-value increases of more than 10%.

How to Purge Gun Stocks From Your 401(k)

After mass shootings, a lot of investors are saying enough if enough.

Nvidia Stock: Investors Are Buying the Dip. Where From Here?

Nvidia stock is being bought on the dip. Here's how traders should approach it now.

Broadcom Agrees to Buy VMware in $61 Billion Cash-and-Stock Cloud Software Deal

"Combining our assets and talented team with Broadcom's existing enterprise software portfolio creates a remarkable enterprise software player," said VMware CEO Raghu Raghuram.