New York (December 14th, 2012) - Tower Semiconductor Ltd. (NASDAQ: TSEM), an independent specialty foundry dedicated to the manufacturing of semiconductors, is marginally lower in mid-day trading today. At last check, TSEM was trading 0.70% lower at $8.55. The stock has now fallen more than 5% in the last three trading sessions.
TSEM has slipped after hitting $9 resistance level. The stock has struggled to break through this level over the past few months. TSEM currently has support at around $8.50. A strong bearish trend will be established if the stock falls below this level. The next support level after $8.50 is at $8.
News Corporation (NASDAQ: NWSA), a diversified global media company, is down sharply in mid-day trading today. At last check, NWSA was trading 1.22% lower at $24.36 on volume of 9.06 million, which is more than half the daily average volume of 16.11 million.
NWSA on Thursday announced that its FOX News Channel dominated cable news viewership for 11th consecutive year. Earlier this month, the company also provided details regarding proposed separation of its businesses.
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