- Obama takes aim at ‘corporate deserters’
- Dick’s Sporting Goods lays off 478 PGA golf pros
- Senators: Cease-fire must allow Israel to defend against rockets, tunnels
- Sierra Leone doctor fighting Ebola catches disease
- Iraq welcomes Russian fighter jets, helicopter gunships into ISIL fight
- John McCain laments: Obama’s ‘self-pity … is really kind of sad’
- GOP offer to fix VA gives $10 billion in emergency funds
- Paul Ryan offers to repair U.S. economic safety net with a single grant stream
- Kim Jong-un builds bond with Putin: $250M Russia-backed addition to key port opens
- Pope Francis meets Meriam Ibrahim, a Sudanese woman sentenced to death
Latest Paul Otellini Items
EARLY RETIREMENT: Intel CEO Paul Otellini plans to retire in May. The decision announced Monday surprised Intel's board, which had been expecting Otellini to remain CEO until he turned 65 in 2015.
Intel CEO Paul Otellini dropped a bombshell on the company's board of directors last week, telling them in private that he plans to retire from the world's largest maker of microprocessors in May. Otellini's move comes at a time when Intel faces a shaky economy and a mobile gadget craze that is eating away at demand for its PC chips _and it gives the company just six months to find a new leader.
Intel's CEO, Paul Otellini, plans to retire in May after nearly 40 years with the company.
While Microsoft is touting next week's launch of Windows 8 as the savior of the computer industry, PC makers and analysts are increasingly skeptical that the new operating system will lure consumers away from tablets and smartphones.
Intel Corp., the world's largest chipmaker, said Tuesday that the weak global economy is slowing its growth, and revenue for the current quarter is likely to come in below Wall Street forecasts.
Motorola Mobility and Lenovo on Tuesday said they will use Intel processors in smartphones and other devices, giving the chipmaker its first entry into a market it has long coveted.
Intel's CEO says his company's focus is shifting toward power-saving chips as smartphones and tablets account for a rising share of the computer market.
Intel Corp. exceeded Wall Street's expectations with first-quarter earnings that jumped 29 percent, as businesses extended their yearlong buying streak and bought lots of new computers.
Intel Corp. CEO Paul Otellini received a 2010 pay package worth $15.5 million, up 8 percent from 2009 as the chipmaker grew its profit and revenue thanks largely to a rebound in corporate demand.