Short Reports
Micron Technology Inc. reported third quarter net income of $275 million, or 47 cents per share of common stock, on $1.8 billion in sales for the three months that ended June 1.
Norway’s oil industry association on Thursday rejected a union plan for ending a labor conflict that threatens to stop production by the world’s second-largest oil exporter. The association has said it will lock out more than 2,600 union members on Saturday morning, stopping the nation’s 3.2 million barrel-per-day production, unless a settlement is reached in a strike over retirement ages.
The average interest rate on 30-year, fixed-rate mortgages slipped to 8.14 percent for the week ending June 23, down from 8.22 percent the previous week, according to a survey released Thursday by Freddie Mac, the mortgage company.