The following are the top stories in the Wall Street Journal. Reuters has not verified these stories and does not vouch for their accuracy. * Federal Reserve officials agreed at June's policy meeting to end their bond-buying program in October, putting an explicit end date on the experiment for the first time. Most officials at the June meeting also indicated that they expect an interest rate hike to come next year. (on.wsj.com/VLc1vo)* IBM on Wednesday pledged to spend $3 billion over five years on semiconductor research. The money will be directed toward two major tasks: tackling technical obstacles to the miniaturization of circuitry on conventional silicon chips and developing alternative materials and technologies to keep boosting computing speed while consuming less energy. (on.wsj.com/1nffCfJ)
ON Semiconductor Corporation (ON Semiconductor) designs, manufactures and markets a portfolio of semiconductor components that address the design needs of electronic systems and products. Shares of ONNN fell by 0.65% or $-0.06/share to $9.13. In the past year, the shares have traded as low as $6.80 and as high as $10.07. On average, 6777620 shares of ONNN exchange hands on a given day and today's volume is recorded at 4053421.
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