SANTA CLARA (AP) - Intel CEO Paul Otellini is retiring in May, giving the world's largest maker of microprocessors six months to find a new leader as it confronts two major challenges: a shaky economy and a shift toward mobile devices that is reducing demand for its PC chips.
LOS ANGELES (AP) - Five of the biggest U.S. banks have cut struggling homeowners' mortgage balances by $6.3 billion, part of a total $26.1 billion in home loan relief provided under a landmark settlement over foreclosure abuses.
LOS ANGELES (AP) - Americans cranked up their use of credit cards in the third quarter, racking up more debt than a year ago, while also being less diligent about making payments on time, an analysis of consumer-credit data shows.
NEW YORK (AP) - J.C. Penney CEO Ron Johnson seems unfazed that the department store chain's mounting losses and sales declines have led to growing criticism of his plan to change the way we shop. Perhaps that's because this isn't the first time during Johnson's 30-year career that he's attempted what seemed impossible.
LOS ANGELES (AP) - California continued its economic recovery as the unemployment rate dipped to 10.1 percent in October, led by increases in private sector jobs such as construction, retail and well-paying professional work.
SAN JOSE (AP) - A California registered sex offender convicted of molesting a relative was caught volunteering at a Catholic elementary school festival, but he was not arrested because he had a permission letter from a church official.
OAKLAND (AP) - A federal judge has ordered city officials to negotiate with two lawyers who want the embattled Oakland Police Department to become the first in the nation to be taken over by the federal government.
NEW ORLEANS (AP) - A day of reckoning arrived for BP on Thursday as the oil giant agreed to plead guilty to a raft of charges in the deadly Gulf of Mexico spill and pay a record $4.5 billion, including the biggest criminal fine in U.S. history. Three BP employees were also charged, two of them with manslaughter.
WASHINGTON (AP) - The government has filed criminal and civil charges against several individuals and companies accused of ripping off unemployed and other vulnerable people with work-at-home and other business scams.
WILMINGTON, Del. (AP) - A hearing on whether to approve the bankruptcy sale of assets of electronics retailer RadioShack opened Thursday with the company seeking court approval of the purported winning bid, and an attorney for a losing bidder describing the auction as a sham and asking a Delaware judge to reopen the sale process.
NEW YORK (AP) - Some of the most familiar names in ketchup, pickles, cheese and hot dogs are set to come under the same roof after H.J. Heinz Co. announced plans Wednesday to buy Kraft and create one of the world's largest food and beverage companies.
ORLANDO, Fla. (AP) - SeaWorld Entertainment Inc. is mounting a public defense of its animal handling in a new advertising campaign that began Monday, after a highly critical 2013 documentary left the park with declining revenue and attendance.
NEW YORK (AP) - OPEC and lower global oil prices delivered a one-two punch to the drillers in North Dakota and Texas who brought the U.S. one of the biggest booms in the history of the global oil industry.