Business and Finance news

Intel says it found a design flaw in a recently released computer chip and will discontinue its production. While the flaw will mean lost revenue, the chip maker is raising its overall revenue outlook.
Its shares are down 1.5 percent in morning trading.
Intel Corp. said Monday it has stopped shipment of the chip, codenamed “Cougar Point” […]

The upper house of the Irish legislature is preparing to resume debate on a contentious Finance Bill needed to comply with terms of the country’s international bailout.
The lower house is standing by to reconvene Saturday evening if the upper house makes any amendments to the bill.
The Finance Bill is designed to comply with a massive […]

European Central Bank Executive Board member Gertrude Tumpel-Gugerell criticized governments for failing to fulfill their obligations in the monetary union, saying they must do a better job if the central bank is to guarantee the euro’s stability.
“The crisis is clear evidence that parts of the common foundation of the economic and monetary union have […]

Stocks held onto gains Wednesday afternoon, with the Dow and S&P finishing at their highest levels since the summer of 2008, after the Fed kept rates steady and left its bond-buying plan alone.
The Dow finished up 8 points, or 0.1%, at 11,985.44, the highest close since June 19, 2008. Earlier in the session, the […]

India’s central bank increased the benchmark interest rate to a two-year high and signaled further gains in borrowing costs after raising its inflation forecast.
Governor Duvvuri Subbarao lifted the repurchase rate to 6.5 percent from 6.25 percent, according to a statement from the Reserve Bank of India in Mumbai today. The decision was forecast by […]

Levolor blinds, Hot Wheels and fragrances such as Wild Elixir could be leading Americans out of recession in 2011.
Companies that make such products tend to excel as consumers gain confidence and begin to treat themselves to discretionary items whose purchase didn’t seem pressing in the midst of an economic downturn. Beauty products are an example […]

PARIS

CALGARY

The highest inflation-adjusted yields in the world’s most-developed bond markets are appeasing investors waiting for President Barack Obama to begin reducing the more than $1.2 trillion U.S. budget deficit.
Treasury 10-year notes pay 1.83 percent after subtracting consumer price increases, compared with 1.39 percent for German bunds and 1.1 percent for Japanese government bonds. Gilts […]

Exporters in India say the surge in shipments at the end of 2010 will likely continue in a trend that promises to bolster the rupee and attract international investors to the nation’s bonds.
Exports expanded 36.4 percent in December while imports contracted 11.1 percent, Trade Secretary Rahul Khullar said in a Jan. 8 briefing. Finance […]