SANTA CLARA (AP) - Intel, one of the pillars of Silicon Valley, is following its traditions and promoting an insider to the job of CEO. The world's largest chipmaker is tasking Chief Operating Officer Brian Krzanich with steering it through an industry shake-up that is seeing tablets and smartphones overshadow Intel's base in personal computers. <p class="MsoNormal" style="line-height: 18pt; margin: 0in 0in ...
NEW YORK (AP) - Taco Bell says its new value menu may go national in coming months. The fast-food chain had already said in January that it was testing a "$1 Cravings" menu that would replace its "Why Pay More" menu, which has tiered pricing. In a call with reporters Thursday, executives at the chain said they're confident ...
SAN FRANCISCO (AP) - Power utility PG&E Corp. on Thursday its first-quarter net income rose 3 percent, but fell short of Wall Street predictions. For the quarter ended March 31, the San Francisco-based company posted a profit attributable to common shareholders of $239 million, or 55 cents per share. That was down from $233 million, or 56 cents per share, in the ...
CUPERTINO (AP) - Apple Inc. began selling $17 billion in bonds on Tuesday, one of the largest corporate bond issues ever. The company is selling the bonds in its first debt issue since the 1990s as part of an effort to raise money to give to shareholders through dividend payments and stock buybacks. Apple has $145 billion in ...
SAN FRANCISCO (AP) - Yahoo CEO Marissa Mayer emerged as the Internet company's second highest paid executive during her first five-and-half months on the job. Regulatory documents filed Tuesday revealed that Mayer received a pay package valued at $36.6 million last year. Most of the compensation consisted of stock awards that Mayer got in July when she ended a 13-year stint as ...
California brothers charged with digital piracy of movies TV
HP shares rise after positive talk CUPERTINO (AP) - Shares of Hewlett-Packard Co. are jumping after CEO Meg Whitman reiterated that revenue could grow next fiscal year. The computer and printer maker's stock is up 4 percent at $25.25 in late morning trading, extending a rally that has more than doubled the stock since November. In an interview with cable channel CNBC, Whitman said growth is "still possible" in the fiscal year that starts in ...