The man picked to lead Costa Rica’s central bank rejected Citigroup Inc.’s forecast that economic growth will be cut in half next year after Intel Corp. and Bank of America Corp. said they would fire 3,000 people.
Intel Corp.’s main personal- computer processor business is showing signs of improvement after a record industry slump, yet the company’s push to get into faster-growing mobile-phone chips has gone backward.
Samsung Electronics Co. began its attack on patents Apple Inc. has asserted in a $2 billion case by trying to convince jurors that the iPhone maker exaggerated claims about inventions allegedly copied by the Galaxy maker.
Intel Corp., the world’s largest semiconductor maker, forecast second-quarter sales that may exceed some analysts’ estimates as improving corporate orders help stabilize the declining personal-computer market.
China’s Ministry of Commerce approved Microsoft Corp.’s bid to take over Nokia Oyj’s phone business after winning pledges from both that the transaction won’t mean higher fees for the nation’s smartphone makers.
Intel Corp., the world’s largest computer-chip maker, is cutting 1,500 jobs as it closes an assembly and test site in Costa Rica that had served as a symbol of the Central American nation’s ties to the global economy.
Citigroup Inc. cut Costa Rica’s growth forecast after Bank of America Corp. and Intel Corp. said they would fire 3,000 workers in the Central American nation following the opposition's victory in a presidential runoff.