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  • 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.


Quote of the Day

A wise old owl sat upon an oak; The more he saw the less he spoke;The less he spoke the more he heard; Why aren't we like that wise old bird? -- Edward Hersey Richards




Today's Word

festinate

verb tr., intr.: To hurry or hasten. adjective: Hurried or hasty.



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