STMicro May Back Away From Splitup Amid Discord

STMicroelectronics NV, Europe’s largest semiconductor maker, will probably decide against splitting itself into two units after disagreements between French and Italian executives over the breakup proposal, according to people familiar with the situation.
Fed's Yellen Speaks About U.S. Economy, Monetary Policy
12:09 - Federal Reserve Chair Janet Yellen speaks about the U.S. economy and monetary policy. Yellen said she still expects to raise interest rates this year if the economy meets her forecasts, with a gradual pace of tightening to follow. She speaks in Providence, Rhode Island. (Source: Bloomberg)
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