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Intel names Brian Krzanich new CEO as company faces challenges
Intel on Thursday announced Brian Krzanich has been selected to be the company's sixth chief executive, taking the helm of one of Silicon Valley's most iconic companies at a time when the company is struggling to gain traction in mobile computing....
Tags: Computing and Information Technology Industry, Apple iPhone, Corporate Officers, Fairchild Semiconductor Corporation, Apple iPad
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Cathy Avgiris named CFO of Comcast Cable
Comcast Cable, the nation’s largest cable provider, has named Cathy Avgiris as its new chief financial officer, effective July 1. She replaces Dave Scott, who is retiring after two decades with the company. Avgiris, herself a 21-year veteran of...
Tags: Time Warner Cable Inc., Corporate Officers, Satellite and Cable Service, Companies and Corporations
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GM first-quarter profits dip on losses in Europe, South America
General Motors Co. reported lower first-quarter profits Thursday as it struggled with the continuing economic slump in Europe and a dip in earnings in North America. Profit for the nation’s largest automaker profit fell 14% to $865 million...
Tags: Tesla, Ford Motor Co., Vehicles, Services and Shopping, Earnings Forecasts
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Electric car maker Coda files for bankruptcy, will go up for sale
Coda Automotive Inc., the Los Angeles-based electric-car maker backed by billionaire Philip Falcone, has filed for bankruptcy and will put itself up for sale. Coda listed assets of no more than $50 million and liabilities of up to $100 million in the...
Tags: Bankruptcy, Nissan, Ford, Companies and Corporations, Chrysler
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The war for mobile messaging is on
SAN FRANCISCO — WhatsApp is one of Silicon Valley's most buzzed-about companies, yet it actively avoids the spotlight, operating out of a small office in Mountain View, Calif., with no sign on the building entrance or on the office door. Unlike...
Tags: Culture, Computing and Information Technology Industry, Social Media, Travel Alerts, Corporate Officers
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CBS' quarterly revenue tops $4 billion; profit up 22%
The lights didn't go out on CBS Corp. during the first quarter. The Super Bowl -- which was marred by a third-quarter power outage that dimmed the lights in the New Orleans Superdome -- helped the broadcasting giant rake in more than $4 billion in...
Tags: Television, Sumner Redstone, Corporate Officers, Mercedes-Benz Superdome, Sports
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Obama nominates Rep. Mel Watt to head Housing Finance Agency
WASHINGTON — President Obama nominated Democratic Rep. Mel Watt to be the top regulator for Fannie Mae and Freddie Mac, moving to replace a career bureaucrat who has been sharply criticized by liberals for not doing more to help troubled homeowners....
Tags: Parties and Movements, Financial and Business Services, Fannie Mae, Freddie Mac, Republican Party
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Coalition working on ballot measure to limit prescription drug abuse
Fearing lawmakers may fail to pass a package of medical reform bills, a coalition of consumer groups and trial lawyers is mounting a campaign to put before voters an even more ambitious slate of initiatives aimed at curbing prescription drug abuse and...Tags: Voting, Malpractice, Trials, Computing and Information Technology Industry, Health Insurance Cost
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GM to build $1.3-billion Cadillac factory in China
The Chinese appetite for luxury automotive brands, including Cadillac, has become so great that General Motors has won government permission to build a $1.3-billion factory near Shanghai, the automaker confirmed Tuesday. The Chinese National Development...
Tags: General Motors Corp., Automotive Equipment, Plant Openings, Manufacturing and Engineering, Companies and Corporations
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The wrong way for Washington to avoid defaulting
It's rare that the president explicitly pledges to veto a bill -- usually, the White House says the president's advisors would "recommend" a veto -- but that's what happened Tuesday. The measure in question is HR 807, the Full Faith and Credit Act, by...
Tags: Public Finance, Viagra (drug), Republican Party, Financial Markets, Medicare
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Record exports mean U.S. summer gasoline prices won't be much lower
Summer gasoline prices will be lower in the U.S. than they were last year. But they won't be much lower, experts say, because U.S. refineries have been exporting record amounts of fuel overseas. That's behind what would normally just be a good news...
Tags: Minivans and Vans, Gasoline Industry, Petroleum Industry, Ford, George W. Bush
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California no longer shuffling funds to pay bills, controller says
SACRAMENTO -- For nearly six years, California finances were so weak that officials needed to constantly shuffle money between state accounts to ensure there was enough cash to pay bills on time. They would take money out of one fund, use it to cover...
Tags: Jerry Brown, Finance, John Chiang
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