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Wall Street

Intel in talks to buy Altera, shares of firms surge

The sign hanging outside the Intel booth is seen at the International Consumer Electronics show (CES) in Las VegasIntel Corp is in talks to buy fellow chipmaker Altera Corp in a deal likely to top $10 billion, according to a source familiar with the matter, making it Intel's biggest purchase ever and the latest merger in the quickly consolidating semiconductor sector. The acquisition of Altera, which makes programmable chips widely used in cellphone towers, the military and other industrial applications, would underscore Intel Chief Executive Officer Brian Krzanich's determination to expand into new markets as the personal computer industry loses steam. Earlier this month, Intel slashed nearly $1 billion from its first-quarter revenue forecast to $12.8 billion, plus or minus $300 million, as small businesses put off upgrading their personal computers. Shares of Altera shot up about 28 percent after the talks were first reported by the Wall Street Journal, closing at $44.39 per share on the Nasdaq.


Former Yahoo CFO on Pao trial: Most women I know, including me, face sexism at work

Former Yahoo CFO on Pao trial: Most women I know, including me, face sexism at workWikimedia Commons Sue Decker, a former Yahoo exec and Wall Street analyst, says she’s been “obsessed” with the Ellen Pao trial. Decker’s storied career, which included being CFO during Yahoo’s heyday, has turned her into a Valley powerhouse. She currently sits on the boards of a bunch of powerful companies including Intel, Costco, and Berkshire Hathaway. She’s been watching the trial so closely, that she attended the closing arguments in person yesterday, pulling her daughters out of school for the day to watch with her. Why? She heard truth in Ellen Pao’s story. In a column on LinkedIn Decker wrote: I, and most women I know, have been a party to as least some sexist or discriminatory behavior in the workplace. Many of the examples raised in this trial are behaviors I have personally witnessed along the way. At the same time, the men who may be promulgating it are often very unaware of the slights, and did not intend the outcome. For the women, it happens in little incremental steps, that often seem so small in isolation, that any individual act seems silly to complain about. So we move on. But in aggregate, and with the perspective of hindsight, they are real. That said, the jury didn’t see the same kind of truth. It basically sided with Pao’s former employer, Kleiner Perkins, on three out of four charges. The last charge is still being deliberated — the charge that Kleiner fired her for complaining about harassment and filing the lawsuit. The jury had 8 votes against Pao on that charge. It needed 9. NOW WATCH: This is what happens to your brain and body when you check your phone before bed Please enable Javascript to watch this video Read more stories on Business Insider, Malaysian edition of the world’s fastest-growing business and technology news website.


Stocks close with slight gains, but still end the week lower

FILE - In this Monday, Aug. 8, 2011, file photo, a pedestrian walks past the New York Stock Exchange in New York. U.S. stocks were mostly unchanged Friday, March 27, 2015, after four straight days of losses. (AP Photo/Jin Lee, File)NEW YORK (AP) — A tough week on the stock market ended quietly Friday.


Chipmaker deal helps Wall St. rebound, oil slumps anew

Trader is reflected in a screen as he works on the floor of the NYSE in New YorkBy Michael Connor NEW YORK (Reuters) - Wall Street on Friday closed higher for the first time in a week, lifted by rising tech stocks, while oil prices slumped 5 percent on receding fears about Middle East fighting disrupting supplies. The major U.S. stock indexes snapped a four-day losing streak after the Wall Street Journal reported chipmaker Intel Corp is in talks to buy rival Altera Corp. Chipmakers bounced, led by a 28 percent gain in Altera. "We've seen a lot of M&A news recently and it’s helping the market," said Stephen Massocca, chief investment officer at Wedbush Equity Management LLC in San Francisco. Oil investors' worries diminished about the conflict in Yemen, which is close to a major chokepoint for oil tankers, and focused on new supplies possibly coming to market after any Iranian nuclear deal.


Exclusive: Upset by Warren, U.S. banks debate halting some campaign donations

Senator Elizabeth Warren (D-MA) speaks at a news conference to warn about the abolishment of Consumer Financial Protection Bureau in the proposed budget put forward by Senate RepublicansBy Emily Flitter NEW YORK (Reuters) - Big Wall Street banks are so upset with U.S. Democratic Senator Elizabeth Warren's call for them to be broken up that some have discussed withholding campaign donations to Senate Democrats in symbolic protest, sources familiar with the discussions said. Representatives from Citigroup, JPMorgan, Goldman Sachs and Bank of America, have met to discuss ways to urge Democrats, including Warren and Ohio Senator Sherrod Brown, to soften their party's tone toward Wall Street, sources familiar with the discussions said this week.


Fed weighs insurers' proposal for new capital rules

The facade of the U.S. Federal Reserve building is reflected on wet marble during the early morning hours in WashingtonBy Douwe Miedema WASHINGTON (Reuters) - The U.S. Federal Reserve is considering a proposal from life insurers that could delay the implementation of a costly nationwide capital framework for the $1 trillion industry, according to records of a recent meeting between the two sides seen by Reuters and people familiar with the matter. More than a dozen senior insurance executives met Fed Governor Dan Tarullo on Feb. 6 to pitch a two-step process for launching nationwide insurance rules, according to records of the meeting by Dirk Kempthorne, who heads the American Council of Life Insurers, an industry group. The group presented the plan under which the Fed would use the current system of state-based regulation for a period of time before writing a national framework that would likely require firms to boost capital buffers, according to the meeting records and people briefed on the matter. Tarullo, the Fed's top Wall Street regulator, did not indicate whether he was open to adopting the insurers' proposal, the people said.


N.Y. broker-dealer execs get prison time for Venezuelan bribe scheme

By Nate Raymond NEW YORK (Reuters) - Two former executives of a defunct Wall Street broker-dealer were sentenced to prison on Friday for participating in a scheme to pay $5 million in bribes to an official at a Venezuelan state economic development bank in exchange for business. Benito Chinea, the former chief executive officer of Direct Access Partners LLC, and Joseph DeMeneses, a managing director at the firm, were each sentenced by U.S. District Judge Denise Cote in Manhattan to four years in prison. Prosecutors said Chinea, 48, and DeMeneses, 45, participated in a scheme from 2008 through 2012 to direct payments to Maria de los Angeles Gonzalez de Hernandez, a senior official at Banco de Desarrollo Económico y Social de Venezuela, or Bandes. Direct Access employees sent $5 million in kickbacks to Gonzalez, generally through bank accounts she controlled in Switzerland and elsewhere, prosecutors said.

Carnival buoyed by first-quarter and hoists earnings guidance

Buoyed by strong first-quarter results, dual-listed cruise ship operator Carnival has set off full steam ahead in 2015, hoisting its guidance for full year earnings.

Japan game developer Gumi to cut jobs, sell assets three months after IPO

By Tomo Uetake TOKYO (Reuters) - Just over three months after raising hundreds of millions of dollars in a stock market listing, Japanese mobile game developer Gumi Inc plans to cut 10 percent of its workforce and sell assets as part of a drive to bounce back from losses it expects this financial year. The moves come three weeks after Gumi shocked investors by forecasting an operating loss for the 12 months ending Apr. 30. It made its debut on the Tokyo Stock Exchange's main board in a prestigious 45 billion yen ($377 million) initial public offering last December, one of Japan's biggest in 2014. In a statement released after the market's close on Friday, Gumi said it was offering buyouts to employees and selling assets related to two game titles for older mobile phones.

US stock market opens higher, breaking a 4-day slump

NEW YORK (AP) — U.S. stocks are opening modestly higher after four losing days.

Technology

Intel's New 3D NAND Technology Allows for Greater Than 10TB Solid-State Drives - Mac Rumors


TheStreet.com

Intel's New 3D NAND Technology Allows for Greater Than 10TB Solid-State Drives
Mac Rumors
Intel and Micron on Thursday announced the availability of new 3D NAND technology that enables high-density flash devices with three times more storage capacity than other NAND technologies in production. 3D NAND technology is also more cost efficient ...
Micron Technology (MU) Stock Is Down Today After SanDisk WarningTheStreet.com
Micron-Intel to Challenge Samsung with New 3D NAND Technology for Solid ...Patently Apple
How Intel and Micron Want to Dominate NAND24/7 Wall St.
GuruFocus.com (registration) -9 to 5 Mac (blog) -TechSpot
all 119 news articles »

Qualcomm sees smartphone technology powering robotics - U-T San Diego


U-T San Diego

Qualcomm sees smartphone technology powering robotics
U-T San Diego
Qualcomm's research lab has developed a package delivery robot that flies and moves along the ground. It is powered by the company's smartphone technology. This demonstration is from the International Consumer Electronics Show in January. — U-T File ...

NYPD Commissioner reveals crime fighting technology plan - New York Daily News


New York Daily News

NYPD Commissioner reveals crime fighting technology plan
New York Daily News
The commissioner told the Daily News on Wednesday that his five-point NYPD “Plan of Action” is focused around the themes of technology, training, trust, tactics and terrorism. The plan, debuting in May, includes “an extraordinary amount of things ...

and more »

How a Technology-Push Process Led to the Reboot of Google Glass - Wired


Wired

How a Technology-Push Process Led to the Reboot of Google Glass
Wired
Google Glass exploded into the tech scene in 2012 with the pomp and circumstance of an Apple product unveiling. It put “wearable technology” into the lexicon of the masses. Accolades poured in from both the technology world and the fashion world.

and more »

Travel

Last minute spring break travel deals - Atlanta Journal Constitution (blog)


Atlanta Journal Constitution (blog)

Last minute spring break travel deals
Atlanta Journal Constitution (blog)
Travel website Hipmunk suggests the following deal destinations during spring break which have average round-trip airfares under $400 during spring break season. Consider one of these destinations if you're looking to save money on air travel:.
Spring Break Without Breaking the Bank: Travel Deals for FamiliesFedSmith.com

all 2 news articles »

Sick of snow? Click here for travel deals: Expert - CNBC


CNBC

Sick of snow? Click here for travel deals: Expert
CNBC
If you've had enough of winter and spring can't get here fast enough, it may be time to pack your bags for an early vacation. Travel season is quickly approaching, and experts say now is the time to dig for the best vacation bargains. According to a ...

and more »

As the euro tanks, European summer travel deals get sweeter - Fox News


Fox News

As the euro tanks, European summer travel deals get sweeter
Fox News
However, airfares are still high to Europe, despite the plunge in oil prices, although we have seen some softening for travel before mid-June and after mid August (when children and college students go back to school) and some routes are quite cheap ...

and more »

For Daily Travel Deals, Check Out Daily Getaways - SmarterTravel.com (blog)


For Daily Travel Deals, Check Out Daily Getaways
SmarterTravel.com (blog)
For the sixth consecutive year, the U.S. Travel Association has launched Daily Getaways: one discount offer per day, for one month, from the likes of Best Western, Busch Gardens, Choice Hotels, Hertz, Hilton, InterContinental, MGM Resorts, Universal ...

and more »

Top stories of the hour


Rep. Trey Gowdy: Hillary Clinton wiped email server 'clean' - The Week Magazine
Sat, 28 Mar 2015 13:58:00 +0000


The Week Magazine

Rep. Trey Gowdy: Hillary Clinton wiped email server 'clean'
The Week Magazine
Rep. Trey Gowdy (R-S.C.) said Friday that former Secretary of State Hillary Clinton wiped "clean" all private emails from her server, defying a subpoena from Gowdy requesting "any emails relating to Libya, weapons located in the country, the Benghazi attacks ...
Hillary Clinton Permanently Deleted Her EmailsTIME
Hillary Clinton deleted everything on her email serverHeber Springs Sun-Times
House Benghazi chair: Clinton wiped serverPhilly.com
Benchmark Reporter -South China Morning Post (subscription) -Chinatopix
all 285 news articles »

Amanda Knox cleared: Who killed Meredith Kercher? - Telegraph.co.uk
Sat, 28 Mar 2015 13:57:38 +0000


Telegraph.co.uk

Amanda Knox cleared: Who killed Meredith Kercher?
Telegraph.co.uk
No apparent motive, no definitive murder weapon, questionable DNA evidence: the case against Amanda Knox and Raffaele Sollecito appeared to be riddled with inconsistencies from the start. But there are also uncomfortable and awkward pieces of ...
Following acquittal, tearful Amanda Knox says she is 'incredibly grateful'Washington Post
Amanda Knox Conviction Overturned by Italy's Top CourtTIME
Amanda Knox 'relieved and grateful' for murder acquittal over death of student ...The Independent
The Week Magazine -Toronto Star -The Times (subscription)
all 1,619 news articles »

Indiana officials seek to stem fallout from religious freedom law and ... - NOLA.com
Sat, 28 Mar 2015 13:51:28 +0000


NOLA.com

Indiana officials seek to stem fallout from religious freedom law and ...
NOLA.com
Indiana Gov. Mike Pence holds a news conference at the Statehouse in Indianapolis, Thursday, March 26, 2015. Pence signed into law a religious objections bill that some convention organizers and business leaders have opposed amid concern it could ...
Miley Cyrus, Ashton Kutcher and more react to 'religious freedom' billFox News
Indiana religious freedom act: how big a backlash? (+video)Christian Science Monitor
Indiana's new religious objections spurring dispute all across US – Legal ...Benchmark Reporter
Chicago Daily News -On Top Magazine
all 2,211 news articles »

RPT-In losing gender bias trial, Pao's lawyers denied millions in fees - Reuters
Sat, 28 Mar 2015 13:50:44 +0000


MiamiHerald.com

RPT-In losing gender bias trial, Pao's lawyers denied millions in fees
Reuters
(Repeats story with no change to text). By Dan Levine. SAN FRANCISCO, March 27 (Reuters) - Former Kleiner, Perkins, Caufield and Byers partner Ellen Pao is not the only person who lost when a California jury rejected her claims of gender discrimination ...
Why jury rejected Ellen Pao's claim of gender discriminationChristian Science Monitor
Next Up for Silicon Valley After Pao Loss: More Bias LawsuitsBloomberg
Ellen Pao loses gender discrimination suit against Kleiner PerkinsThe Week Magazine
Chicago Daily Herald -Los Angeles Times -Telegraph.co.uk
all 872 news articles »

UN staff flee Yemen as Hadi urges decisive campaign - Daily Mail
Sat, 28 Mar 2015 13:38:19 +0000


Daily Mail

UN staff flee Yemen as Hadi urges decisive campaign
Daily Mail
UN staff were evacuated from Yemen's capital Saturday after a third night of Saudi-led air strikes, as President Abedrabbo Mansour Hadi urged his Arab allies to bomb Iranian-backed rebels into submission. The deeply tribal and impoverished Arabian ...
Yemeni president urges Saudi-led coalition to continue pounding HouthisXinhua
Bombing in Yemen intensifies; Arab League to discuss military operationCNN
'Yemen campaign will not stop until victory'gulfnews.com
Reuters -The Daily Star -RT
all 9,577 news articles »

Italy's highest court acquits Amanda Knox of killing roommate - VIDEO: Knox murder conviction overturned
Sat, 28 Mar 2015 13:37:42 +0000

Jury says Silicon Valley firm did not discriminate against female employee
Sat, 28 Mar 2015 13:37:42 +0000

Indiana religious law slammed on social media
Sat, 28 Mar 2015 13:37:42 +0000

12-year-old boy, instructor killed in hang gliding accident in Nevada
Sat, 28 Mar 2015 13:37:42 +0000

Germanwings co-pilot's torn sick note, hospital treatment provide clues in crash probe - Plane's system was programmed to plunge before fatal crash
Sat, 28 Mar 2015 13:37:42 +0000

Dem resolution warns global warming could force women into prostitution
Sat, 28 Mar 2015 13:37:42 +0000

Underground city discovered in Turkey--by accident
Sat, 28 Mar 2015 13:37:42 +0000

Officials: 8 injured in blast outside Cairo University
Sat, 28 Mar 2015 13:37:42 +0000

17 dead as Al-Shabaab siege at Somali hotel ends - Al-Shabaab execution video takes page from ISIS
Sat, 28 Mar 2015 13:37:42 +0000

Arizona man stabbed wife to death in front of their 7 kids, police say
Sat, 28 Mar 2015 13:37:42 +0000

Kansas school tells special needs athlete he can't wear varsity letter
Sat, 28 Mar 2015 13:37:42 +0000

Minnesota college cancels remainder of baseball season over hazing
Sat, 28 Mar 2015 13:37:42 +0000

NCAA TOURNAMENT RESULTS - Michigan St. sneaks into regional final
Sat, 28 Mar 2015 13:37:42 +0000

Colo. bank robbery suspects 'Googled' how to escape, authorities say
Sat, 28 Mar 2015 13:37:42 +0000

Archives to release Cheney shooting incident records
Sat, 28 Mar 2015 13:37:42 +0000

NY gang boss resurfaces as terrorist recruiter at Florida mosque, feds say
Sat, 28 Mar 2015 13:37:42 +0000

NYC gas explosion: Hunt for two missing men at sushi restaurant - Christian Science Monitor
Sat, 28 Mar 2015 13:34:16 +0000


Sacramento Bee

NYC gas explosion: Hunt for two missing men at sushi restaurant
Christian Science Monitor
An apparent gas line explosion leveled three Manhattan apartment buildings Thursday, injuring 22. Police are looking for two men who were believed to be at the sushi restaurant in one of the buildings.
2 remain missing after deadly NYC blastUSA TODAY
Search continues for at least 2 after apparent NYC gas blastSFGate
Red Cross Reception Centers Offer Help To East Village Explosion VictimsCBS Local
Toledo Blade -amNY -Chicago Daily News
all 2,443 news articles »

Co-Pilot Said to Have Suffered From Psychosomatic Illness - Bloomberg
Sat, 28 Mar 2015 13:31:56 +0000


Bloomberg

Co-Pilot Said to Have Suffered From Psychosomatic Illness
Bloomberg
Investigators carry boxes from the apartment of Andreas Lubitz, the co-pilot on Germanwings flight 4U9525, on March 26, in Duesseldorf. Authorities believe Lubitz, who was in treatment, hid his medical condition from his employer, according to the release.
More details about German pilot revealed as crash investigation continuesMiamiHerald.com
Andreas Lubitz, co-pilot and killerIrish Times
Germanwings Co-Pilot Andreas Lubitz Concealed Depression From AirlineWall Street Journal
The Globe and Mail -CBC.ca -Hindustan Times
all 7,554 news articles »

Iran, world powers close in on 2-3 page nuclear deal - The Hindu
Sat, 28 Mar 2015 13:27:14 +0000


The Hindu

Iran, world powers close in on 2-3 page nuclear deal
The Hindu
Iran and major powers are close to agreeing a two-or three-page accord with specific numbers as the basis of a resolution of a 12-year standoff over Tehran's nuclear ambitions, officials have told Reuters. As the French and German Foreign Ministers arrived ...
France`s Foreign Minister joins Iran talksZee News

all 2,333 news articles »

BREAKING NEWS Hero Boston cop in coma after being shot in face
Sat, 28 Mar 2015 13:27:03 +0000

'DISTURBING' DETAILS Final stages of Iran nuke deal drawing backlash
Sat, 28 Mar 2015 13:27:03 +0000

SERVER WIPED ‘CLEAN' Hillary deleted all emails, Benghazi chairman says
Sat, 28 Mar 2015 13:27:03 +0000

US reportedly plans to boost aid to Saudi-led fight against Yemen rebels
Sat, 28 Mar 2015 13:27:03 +0000

'ANTI-SEMITIC' STORM Dunham under fire for 'Dog or Jewish Boyfriend?' quiz
Sat, 28 Mar 2015 13:27:03 +0000

Republicans Expect Long, Expensive Presidential Battle - Voice of America
Sat, 28 Mar 2015 13:26:49 +0000


Voice of America

Republicans Expect Long, Expensive Presidential Battle
Voice of America
WASHINGTON—. Senator Ted Cruz of Texas kicked off in recent days what is likely to be the longest, most expensive and perhaps most contentious Republican Party presidential battle in history. Cruz has been lagging in the national polls and hoped that his ...
Ted Cruz doesn't have a prayer: Why the Texas senator will never sniff the White ...Salon
Ted Cruz makes first campaign appearance as presidential candidate in New ...Washington Post (blog)
Far-right Ted Cruz on far-left Liz Warren: At least she has principlesBoston Herald
MiamiHerald.com -Breitbart News -The Alexander City Outlook
all 102 news articles »

Pugnacious Reid Retiring, Wants Schumer as Senate Dem Leader - CBS Local
Sat, 28 Mar 2015 13:21:26 +0000


Wall Street Journal

Pugnacious Reid Retiring, Wants Schumer as Senate Dem Leader
CBS Local
WASHINGTON — Senate Minority Leader Harry Reid, a pugnacious and glamour-averse tactician who united Democrats to help deliver tough victories for President Barack Obama, said Friday he's retiring next year. He immediately endorsed brash New York ...
Harry Reid to retire in 2016: 'perfect leader for a polarized Congress' (+video)Christian Science Monitor
Schumer Paid His Way To The TopDaily Beast
Reid always played party line: ColumnUSA TODAY
The Hill -NewsOK.com
all 1,546 news articles »

Hannity exposes Spring Break
Sat, 28 Mar 2015 12:06:19 +0000

Giant salamander ruled rivers
Sat, 28 Mar 2015 12:06:19 +0000

Christina loses skirt
Sat, 28 Mar 2015 12:06:19 +0000

Liquid Peeps taste like...
Sat, 28 Mar 2015 12:06:19 +0000

Where is Babe Ruth buried?
Sat, 28 Mar 2015 12:06:19 +0000

Comparing tax prep software
Sat, 28 Mar 2015 12:06:19 +0000

How to fix painful sex
Sat, 28 Mar 2015 12:06:19 +0000

Park your car via computer?
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Proving Einstein wrong?
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Chris Borland is no hero
Sat, 28 Mar 2015 12:06:19 +0000

No sweat spring cleaning
Sat, 28 Mar 2015 12:06:19 +0000

Free up smartphone space
Sat, 28 Mar 2015 12:06:19 +0000

Death walkway reopens
Sat, 28 Mar 2015 12:06:19 +0000

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