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AMD shares fall after CEO steps down, weak 2Q
Shares of Advanced Micro Devices Inc. fell at the market open Friday, a day after the chip maker reported the departure of Chief Executive Hector Ruiz and reported a wider second-quarter loss than analysts expected.
AP Executive Morning Briefing
The top business news from The Associated Press for the morning of Friday, July 18, 2008:  AMD changes CEO as turnaround pressure intensifiesUnder Hector Ruiz's leadership, chip maker Advanced Micro Devices Inc. rose to challenge larger rival Intel Corp. as never before in AMD's nearly 40-year history.
Europeans expand antitrust case against Intel
European Union regulators have expanded their antitrust case against Intel Corp., claiming that the world's largest semiconductor maker has deliberately squeezed rival AMD out of the chip market.  Intel 2Q profit jump reflects healthy PC demandWorried that the ailing U.S. economy has spilled abroad and hurt global PC sales, investors had subdued expectations for Intel Corp. in the second quarter. Intel is the world's largest computer chip maker, and its fortunes rise and fall with swings in PC demand.
AMD slashes $880M from value of division
Struggling to climb back to profitability, Advanced Micro Devices Inc. suffered another setback Friday when the chip maker disclosed that two businesses it acquired in a pricey acquisition were underperforming.
Yahoo opens search toolkit in quest for more ads
Having fallen so far behind Google Inc. that it became a takeover target, Yahoo Inc. is banking on the creativity of other Web developers to help preserve its independence and regain ground in the lucrative Internet search advertising market.
Trail Blazers add Prunty to coaching staff
The Portland Trail Blazers have hired Joe Prunty as an assistant coach.
Microsoft backs Icahn's bid to oust Yahoo board
Microsoft Corp. threw its weight behind investor Carl Icahn's effort to dump Yahoo Inc.'s board, saying Monday that a successful shareholder rebellion would encourage the software maker to renew its bid to buy Yahoo's Internet search engine or possibly the entire company.
Yahoo takes its defense against Icahn to investors
Yahoo Inc. began pressing a case to major shareholders Monday that its board and management deserve a chance to prove they made the right move when they rejected a $47.5 billion takeover offer from Microsoft Corp. |
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