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Intel (INTC), which is the largest maker of PC and server chips in the world, announced earnings that beat analyst expectations. No one would have known that by looking at the collapse of the share price. The company, which has about 80% of the market for the main processors used in personal computers, is considered a bellwether for how hardware firms like Dell (DELL) and HP (HPQ) will do. Intel's figures are considered predictive of the strength of the sales of Microsoft's (MSFT) Windows...
...reasons the U.S. auto industry is teetering on collapse is that, quite simply, Americans have stopped buying cars. U.S. auto sales were down 37% in March from 2008, the latest in a nearly unbroken year-and-a-half streak of falling sales. And if the cratered economy is the main culprit behind backed-up inventory at U.S. car dealers, another is that American automakers have failed to produce the more fuel-efficient vehicles that gas-price-conscious car buyers are beginning to demand. As a result, the U.S. still sends hundreds of billions of dollars overseas for oil - and adds...
...cash-for-clunkers really two-for-one? That depends. There are currently two main bills in the House and Senate, which, according to greens, are not created equal. One, sponsored by Democratic Ohio Representative Betty Sutton, allows any car from model year 2000 or earlier to be traded in, without any restriction on fuel economy. In return, car buyers will get $4,000 if they buy a new U.S. car that gets a minimum mileage of 27 m.p.g. and $5,000 if they buy a U.S. car with at least 30 m.p.g. Crucially, the new cars have to be made...
...down two U.S. civilian airplanes. The last decade has seen the U.S. tighten and then relax restrictions depending on the political climate. A 2001 agreement to sell food to Cuba in the aftermath of Hurricane Michelle has so far remained in place; the United States is now Cuba's main supplier of food, with sales reaching $710 million...
...National Cybersecurity Center, citing turf battles between the Department of Homeland Security (which oversees the center) and the National Security Agency. His take on the sudden alarm bells over the power grid's cybersecurity? It's a power grab: a competition between two government agencies to become the main player in cybersecurity...