SAN JOSE (AP) - San Jose is set to consider finalizing a $7 million incentive package to keep Samsung Semiconductor in Silicon Valley and trump an open invitation from Austin, Texas, to expand its operations there. The City Council is expected to approve the plan at its Tuesday meeting, The package includes an expedited 120-day development permit process, ...
NEW YORK (AP) - Darden Restaurants' third-quarter net income dropped 18 percent, as it dealt with soft sales at Red Lobster but the performance still beat Wall Street's expectations. The Orlando, Fla., company said Friday that sales at its Olive Garden, Red Lobster and LongHorn Steakhouse restaurants open at least a year fell a combined 4.6 percent. This ...
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 ...