Ouya Inc., the maker of a $99 video- game console that uses Google Inc.’s Android operating system, raised $15 million in venture funding to expand operations. Industry pioneer Bing Gordon joined its board.
Intel Corp., seeking to harness rising demand for tablets, redesigned one of its marquee chips to better cater to thin and light computing devices by providing more power while using less battery life.
Intel Corp., the world’s largest chipmaker, named Chief Operating Officer Brian Krzanich as chief executive officer, leaning on an insider to accelerate a shift toward mobile devices as the personal-computer age wanes.
European stocks posted the biggest weekly gain in five months as investors speculated the region’s central bank will cut rates and as companies from BASF SE to Standard Life Plc reported better-than-expected results.
European stocks rose for a fourth day as companies from PSA Peugeot Citroen to Volkswagen AG posted results and speculation mounted that the region’s central bank will cut rates, offsetting worse-than-estimated German business confidence data.
Stocks rallied amid growth in U.S. home sales, better-than-forecast earnings and speculation the European Central Bank will cut interest rates. U.S. equities recovered after briefly erasing gains following a false report of explosions at the White House.
ARM Holdings Plc, whose chip designs power Apple Inc.’s iPhone and iPad, jumped the most in more than four years after reporting sales that beat estimates as demand increased for its graphics and processing technology.