Intel

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EU Fines Intel Record $1.45B
 EU Fines Intel Record $1.45B 

EU Fines Intel Record $1.45B

Chip maker paid firms to use its chips, commission says

(Newser) - The EU is fining Intel $1.45 billion for violating antitrust laws—a record amount that far exceeds the €497 million ($680 million) fine levied against Microsoft in 2004, the BBC reports. The EU competition commission said Intel paid manufacturers and a retailer to give its chips a leg...

Dow Has Best 2-Month Showing Since 2002
 Dow Has Best 2-Month 
 Showing Since 2002 
MARKETS

Dow Has Best 2-Month Showing Since 2002

Mixed last day can't beat strong month

(Newser) - The markets were mixed today but wrapped up a strong month. The Dow, which fell 17.61 points to close at 8168.12, rose 7.4% in April, the Wall Street Journal reports. The Dow has risen 15.65% in two months—its best two-month showing since 2002 and the...

Beige Book Boosts Dow Up 109
 Beige Book Boosts Dow Up 109 
MARKETS

Beige Book Boosts Dow Up 109

Investors look past Intel to manufacturing

(Newser) - Stocks rose late in today’s session, buoyed by decent news from the Fed’s Beige Book, the Wall Street Journal reports. The report showed manufacturing activity stabilizing or rising in five of 12 US districts, after months of declines. The Dow closed up 109.44 at 8,029.62....

Stocks Drop on Intel Forecast
 Stocks Drop on Intel Forecast 
MARKET Open

Stocks Drop on Intel Forecast

(Newser) - Stocks headed lower at the open, with the Dow off 42 points, the S&P down 4.75, and the Nasdaq behind 17.58. Intel was a big loser, dropping 4% after reporting a better-than-expected 55% decline in profits, and projecting flat sales. “The ‘beat and raise’ scenario...

Intel Unveils High-Speed Chip

(Newser) - Intel has rolled out a new chip for servers that will more than double the effectiveness of systems but consume no extra power, the Wall Street Journal reports. The Xeon 5500 excels at “virtualization,” allowing multiple operating systems and applications to run on one server—which Intel hopes...

Gains Fizzle; Dow Down 7
 Gains Fizzle; Dow Down 7 
MARKETS

Gains Fizzle; Dow Down 7

Tech leads declines, Dow falls from triple-digit gain

(Newser) - Stocks swung back to losses as optimism from last week’s rally faded today, the Wall Street Journal reports. Investors treated last week’s announcements that many troubled financial institutions ran operating profits in the first two months of 2009—ignoring “toxic securities” on their balance sheets—with skepticism....

Dow Down 245 on Jobs
 Dow Down 245 on Jobs 
MARKETS

Dow Down 245 on Jobs

Investors nervous ahead of Friday's December employment report

(Newser) - Stocks piled on after this morning’s losses, with investors shaken by a grim jobs report and news of layoffs and slashed forecasts at Alcoa and Intel. Crude plunged $5.95, to $43.01 a barrel, after inventories rose more than forecast, MarketWatch reports. The Dow fell 245.40 to...

Stocks Plunge on Job Numbers
 Stocks Plunge on Job Numbers 
MARKET Open

Stocks Plunge on Job Numbers

Numbers 'eye-poppingly bad'

(Newser) - Stocks took a beating this morning, after Alcoa announced deep job cuts on the heels of a dismal job report. The Dow tumbled 134 points, while the Nasdaq and S&P lost 1.7% and 1.6% respectively. The biggest news was an ADP/Macroeconomic Advisors report that said the private...

Nearly 50% of Women Prefer the Web to Sex

(Newser) - Almost half of American women would be willing to go without sex for 2 weeks in order to keep their Internet access, a new survey says. Of 2,119 adults surveyed last month, only 30% of men agreed, but that number rose to 39% in the younger 18-to-34 range. The...

Dow Extends Rally, Rises 247
 Dow Extends Rally, Rises 247 
MARKETS

Dow Extends Rally, Rises 247

Grim earnings and economic reports can't stop Street's rise

(Newser) - The markets extended a winning streak into a fourth session today, despite mostly dismal economic data, the Wall Street Journal reports. Consumer spending and orders for durable goods fell over the last month, but the Dow closed up 247.14 points at 8,727. The Nasdaq rose 67.4 points...

Stocks Fight Back; Dow Up 553
 Stocks Fight Back; Dow Up 553 
MARKETS

Stocks Fight Back; Dow Up 553

Index off more than 300 early on ugly jobs news

(Newser) - Stocks rallied late today, overcoming the report of a big jump in weekly jobless claims that pushed the Dow briefly below 8,000 earlier in the session, MarketWatch reports. Amid mixed earnings reports and generally downbeat forecasts, the Dow gained 552.59 to close at 8,835.25. The Nasdaq...

Soaring Jobless Claims Leave Stocks Flat

 Soaring Jobless Claims 
 Leave Stocks Flat 
MARKET Open

Soaring Jobless Claims Leave Stocks Flat

Jobless claims reach 7-year high

(Newser) - Jobless claims rose to a 7-year high last week, but that didn’t appear to move the needle for stocks, which barely budged at today's open. The Dow crept up 66 points, while the S&P and Nasdaq rose 0.9% and 0.4% respectively. A staggering 32,000 filed...

Rally Fizzles to Mild Losses
 Rally Fizzles to Mild Losses 
MARKETS

Rally Fizzles to Mild Losses

Traders worry non-financial stocks may still feel recession's bite

(Newser) - Stocks closed lower today after an earlier rally died down as worries about consumer-discretionary and tech stocks overcame investors’ faith in global actions to quell the credit crisis, the Wall Street Journal reports. The Dow, up nearly 400 early, ended off 76.62, to 9,310.99. The Nasdaq, especially...

Firms Gamble Pensions to Fund Exec Perks

Rank-and-file benefits may be at risk as companies use tax loophole

(Newser) - Companies from CenturyTel to Intel are funneling pension benefits to retired executives at the expense of workers, using a practice that potentially violates tax rules and puts pension plans at risk, reports the Wall Street Journal. Hundreds of millions of dollars in long-term benefits pegged for executives are draining plans...

Tech Firms Buoyed by Demand Abroad
Tech Firms Buoyed
by Demand Abroad

Tech Firms Buoyed by Demand Abroad

International demand keeps tech afloat even as economy sinks

(Newser) - The tech sector keeps rolling even as the overall economy continues to flail, the Wall Street Journal reports. Four of tech’s giants, Microsoft, Google, IBM and Nokia, posted quarterly results yesterday, riding high on developed nations’ need for cost-saving technologies and emerging economies’ demand for infrastructure upgrades as the...

10 Computers That Changed Everything

Before the iMac, there were mega machines

(Newser) - Convenience is a given when it comes to today's PCs, but the machine you're reading this on has come a long way. Major transformations date as far back as the early 19th century. Live Science gives the back-story on 10 revolutionary computers.
  1. The Difference Engine, 1822: Designed by Charles Babbage
...

DreamWorks Jilts AMD for Intel
DreamWorks Jilts AMD
for Intel

DreamWorks Jilts AMD for Intel

Major coup in battle between rival chipmakers

(Newser) - In an important win over its sometimes-struggling rival, Intel has wooed away AMD client DreamWorks Animation. DreamWorks will replace its current servers and computer workstations, which use AMD chips, with new Intel-powered ones. The studio said the change will make its computing faster and help it start producing 3-D animation,...

Intel Snubs Microsoft, Won't Adopt Vista in Offices

The thirty pieces of silver are on their way

(Newser) - Intel has decided not to upgrade the 80,000 or so computers its employees use to Windows Vista, seemingly betraying its longtime bosom buddy Microsoft, the New York Times reports. The latest Windows iteration has drawn jeers for being bloated and buggy. “This isn’t a matter of dissing...

Intel Suit Exposes 'Squishy' Antitrust Laws
Intel Suit Exposes
'Squishy' Antitrust Laws
ANALYSIS

Intel Suit Exposes 'Squishy' Antitrust Laws

Predatory behavior or competition?

(Newser) - Washington's probe into Intel exposed just how "squishy" antitrust issues can be, Joe Nocera writes in the New York Times. What rival chipmaker AMD has called "predatory behavior" can also be seen as "good old-fashioned competition. What makes antitrust so maddening is that the answer depends as...

Intel Moves into Clean Tech With Solar Cell Spinoff

SpectraWatt joins IBM, HP entries, part of a larger trend in IT industry

(Newser) - Intel made a move into clean technology yesterday, creating a spinoff that will manufacture solar cells and pumping $50 million into it. SpectraWatt’s focus will be on improving solar-cell efficiency and cutting costs per watt, its CEO told CNet. IT companies are increasingly getting into the solar industry. Both...

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