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Intel in Talks to Buy Altera

Intel Corp. (INTC) is in talks to buy Altera Corp. (ALTR) in a deal that would be the chip-making giant's largest takeover ever.

Terms of the potential deal and its timing couldn't be learned, and it is possible there ultimately won't be one.

With a market capitalization of $10.4 billion before The …

Intel Corporation

Apple CEO slams Indiana "religious freedom" law seen as anti-gay

Tim Cook, the most prominent gay executive, assailed a new controversial Indiana law. But he stopped short of other executives who have said they would boycott the state.

Apple AAPL CEO Tim Cook, the most prominent openly gay executive, assailed a new Indiana law that critics say could make it legal …

Tim Cook

Mercedes-Benz to make a pickup truck

Mercedes-Benz plans to sell a midsized pickup truck by 2020, the luxury automaker announced Friday, calling it "the first pickup from a premium manufacturer."

The truck will initially be sold in Latin America, South Africa, Australia and Europe. In those places, according to Mercedes parent company …


A Stubborn Manufacturer Exposes The Asbestos Blame Game

In a quiet bankruptcy court in Charlotte, N.C., closed to all but court personnel and people who’d signed strict confidentiality orders, attorney Garland Cassada laid out the inner workings of one of the longest-running and most lucrative schemes in the American litigation business.

Arguing for a …


Intel's Rumored Acquisition Of Altera Could Help Protect Its Massive Monopoly In Servers

The Wall Street Journal reported on Friday that chipmaking giant Intel is in talks to buy Altera. If this deal goes through, it’ll be one of the largest deals Intel has ever made – Altera’s market cap stood at $13.36 billion when markets closed on Friday.

But this deal is well worth it, said …


'Things will not change' after sex bias verdict without push

The sex bias court case that rocked Silicon Valley for five weeks came to a close on Friday -- but many are hoping the spotlight on gender discrimination won't fade anytime soon.

Ellen Pao lost her sex bias suit against prominent Silicon Valley venture capital firm Kleiner Perkins Caufield & Byers …

Silicon Valley

Australia signs up to negotiations on Chinese-led bank

CANBERRA, Australia (AP) — Australia announced on Sunday that it would join negotiations to establish a new a Chinese-led Asian regional bank that has emerged as a potential challenge to United States influence in a part of the world where the Obama administration has tried to forge stronger …


S.C. entrepreneur finds right fit in glove business

GREENVILLE, S.C. — Sometimes Scott McDaniel takes cross-country business calls after dinner. Other times, he speaks to his sales people internationally after his sons' bedtime.

The odd business hours are the norm for McDaniel, the founder and driving force behind StrongSuit Inc. The company, founded …


Tesla's Self-Driving Feature Leaves Insurers Idling As States Scramble

Tesla Motors’ plan to roll out a self-driving feature on some cars this summer has regulators, especially in its home state of California, scrambling to write new rules.

Current California law allows automakers to operate autonomous vehicles -- but not regular drivers.

“We have been trying to get a …


Ellen Pao waxes philosophical in post-trial tweet storm

After her loss to venture capital firm Kleiner Perkins in a sexual-discrimination case, Pao takes to Twitter to speak her mind.

Ellen Pao, who on …

Social Media

Exxon Mobil unit asks for exception to North Dakota gas flaring rules for 140 oil wells

BISMARCK, N.D. – A subsidiary of Exxon Mobil Corp. is asking state regulators to grant an exception to the amount of natural gas companies are permitted to burn off at 140 of its oil wells in Dunn and McKenzie counties.

The state's Oil and Gas Division heard the request from XTO Energy this week in …


3 Reasons Why The Walt Disney Company Is Brilliant

As arguably the most successful entertainment conglomerate of all time, Walt Disney Co has handsomely rewarded long-term investors willing to patiently watch the company work its magic.

Over the past five years alone, for example, Disney shareholders have enjoyed a staggering 221% return on their …

Walt Disney Company

3rd Minnesota turkey farm hit by bird flu outbreak

MINNEAPOLIS (AP) — An outbreak of a bird flu strain that's deadly to poultry deepened Saturday when state and federal officials confirmed a third Minnesota turkey farm has been infected, this time in one of the state's top poultry producing counties.

The federal Animal and Plant Health Inspection …


Athletes Finding Their Voice in Derek Jeter’s Digital Venture

David Ortiz’s blustery rant about being unfairly branded a cheater for testing positive for a banned substance in 2003 made news Thursday, not only for its strident tone, but for where it appeared.

Instead of being reported by a newspaper or a website known for breaking news, Ortiz’s remarks …

Derek Jeter

Ford's Aluminum F-150 Gets a $259 Million Boost From Uncle Sam

Ford's new 2015 F-150, with an all-aluminum alloy body and bed and high-strength steel frame, weighs 732 pounds less than the steel-bodied 2014 F-150 it replaces.Source: Ford Motor Company.

Oil prices are at their lowest level in more than five years. That is poised to save the American consumer …


CVC 'Don't Need And Don't Want' To Sell F1 Says Ecclestone

Bernie Ecclestone has revealed that Formula One’s controlling shareholder, the private equity firm CVC, does not have a deadline to sell its stake in the auto racing series as was previously thought.

CVC acquired F1 in a leveraged buyout in 2006 using two loans – $965.6 million from its investment …

Bernie Ecclestone

Exclusive: Creditors offer Puerto Rico's troubled utility $2 billion financing - sources

NEW YORK (Reuters) - Bondholders of Puerto Rico's struggling power authority PREPA have offered it $2 billion in new capital - $1.2 billion of which would fund a new natural gas operation - in exchange for assurances it would repay its debt, two people close to the matter told Reuters on …


Experts: Sex bias case will embolden women despite verdict

SAN FRANCISCO (AP) — A long legal battle over accusations that a prominent Silicon Valley venture capital firm demeaned women and held them to a different standard than their male colleagues became a flashpoint in the ongoing discussion about gender inequity at elite technology and venture capital …


Social-good gaming will only reach its potential when women do too


Gaming isn’t just for entertainment anymore. It can make us smarter. It can make us safer. It can make us better citizens of the world.

“Can” is the operative word here. For over a decade, video games have been hailed as tools for strengthening human rights, increasing sustainability, and …

Women's News

Best Buy lays off 1,500 workers in Canada, shutters Future Shop brand and closes 66 locations

Best Buy is laying off 500 full-time and 1,000 part-time employees in Canada as it consolidates operations.

The Richfield, Minnesota-based company also announced Saturday that it will close 66 of its Future Shop locations and rebranding the remaining 65 as Best Buy stores. The Future Shop website …

Future Shop

The world's authoritarians are drawing the wrong conclusions about Singapore's success

If you seek his monument, look around Singapore.

Wealthy, orderly, efficient and honestly governed, it is not the work of Lee Kuan Yew alone. But even his severest critics would agree that Mr Lee, who died this week at the age of 91, played an enormous part.

Singapore's leader from before …


Buying Government With Lobbying Money

President Reagan campaigned on the notion that “government is the problem not the solution” and he and the Republican Party have characterized government as the boogie man that is the enemy of business and creator of huge deficits. If you listen to big business today they rant and rave about the …


Duke Energy CEO loses $600K in pay over coal ash pollution

RALEIGH, N.C. (AP) — Duke Energy's CEO is paying a price for a massive spill of collected coal ash that coated 70 miles of a North Carolina river in sludge containing toxic heavy metals.

An annual statement released ahead of the Charlotte-based company's May shareholder meeting says Chief Executive …


Hotel giants target tech-savvy millennial travelers

At the latest breed of hotel, rooms are up to one-third smaller than traditional quarters, with furniture that looks fresh from an Ikea showroom.

The work desk is downsized and might double as a nightstand. The Internet speed is super fast. The Wi-Fi is free. Power outlets and USB ports dot the …


Why The Original Sriracha Is Finally Making Snacks

Pop! Gourmet founder David Israel was the one suitor with perfect timing.

For years, food brands have courted Huy Fong Foods -- the maker of the iconic red rooster-branded Sriracha hot sauce -- for a licensing deal. The California company, bolstered by the cultish love of its scarlet-colored chili …

Sriracha Sauce

15 Interviewing Tips That Convert to Job Offers

One of the philosophies that our recruiters adhere to is that if, as a candidate, you’re going to attend an interview, you might as well perform at 110% during the meeting. Regardless of the individuals whom you’re interviewing with or the level of job you’re pursuing, the recruiting team at KAS …

Job Interviews

Cyberbullying's Got a New Target: Big Companies

In the Wild West of the Internet, social media is often credited with giving a voice to the average citizen and helping to introduce democracy and activism to turbulent parts of the world. Yet on the flip side, online grievance campaigns have become an increasingly frequent phenomenon—with even big …


Pebble Time Kickstarter project raised $20.3 million

During its month-long crowdfunding campaign, which ended 10 p.m. ET Friday, Pebble Time shattered two Kickstarter records.

It broke its first record on its first day, when it became the fastest project to raise $1 million -- in 49 minutes. A week later, it became the most-funded campaign in …


Russia is joining a Chinese-led development bank

Moscow (AFP) - Russia is to sign up to the Chinese-led development bank AIIB, first deputy prime minister Igor Shuvalov said Saturday at an international forum in China, cited by Russian news agencies.

"I'd like to inform you that Russian President Vladimir Putin has taken the decision that Russia …


Stocks open slightly higher after 4 down days

Stocks were slightly higher in early trading Friday as Wall Street tries to break its recent 4-day losing streak.

Despite the early advance, stocks were poised for big weekly losses.

The Standard & Poor's 500 index climbed back into positive territory for the year after the recent downturn sent the …


Apple boss Tim Cook 'to donate millions' to charity

The chief executive of Apple, Tim Cook, has announced he is donating most of his wealth to charity before he dies.

The head of the world's most profitable company is worth over $800m (£537m).

Mr Cook told Fortune Magazine that he would leave his wealth to philanthropic causes but not before paying …

Tim Cook

President Xi says China should not focus on growth rate only

BOAO, China (Reuters) - Chinese President Xi Jinping said on Saturday that the country should not focus on its economic growth rate only.

He was speaking at a forum in Boao on the southern Chinese island of Hainan.

Chinese leaders have announced an economic growth target of around 7 percent for this …


Run from Cuba, Americans cling to claims for seized property

OMAHA, Neb. (AP) — The smell of Cuban coffee drifts from the kitchen as Carolyn Chester digs through photos, faded with age, that fill four boxes spread across the dining table.

Friends linked arm-in-arm on the sands of a Cuban beach.

Men in suits and women in evening gowns at a Havana nightclub.

And …

Fidel Castro

Chevron just sold its entire stake in Australia's Caltex in a record-breaking deal

PERTH (Reuters) - U.S. energy giant Chevron sold its entire stake in refiner Caltex Australia Ltd for A$4.7 billion ($3.7 billion) in Asia’s biggest block deal this year, as falling oil prices and high costs hurt margins.

Offshore institutional investor demand for the 50 percent stake in Australia’s …