Intel Corp., seeking a replacement for departing Chief Executive Officer Paul Otellini, needs a candidate with credentials internal contenders lack: a record of success in the market for mobile-device semiconductors.
Intel Corp. , the world’s largest chipmaker, is promoting a new type of thinner laptop called an ultrabook, seeking to help the personal-computer industry fend off a challenge from Apple Inc. ’s iPad and other tablets.
German two-year notes declined, pushing the yield to the highest level since May, on speculation a decline in the amount financial institutions are borrowing from the European Central Bank heralds higher interest rates.
Spain aims to sell as much as 3 billion euros ($3.8 billion) of debt today in its final bond auction before facing its biggest debt maturities for the rest of the year, marking the latest test of demand for securities of Europe’s high-deficit nations.
Italy is selling the first bonds under its Treasury certificates program that are tied to the euro interbank offered rate as the southern European country reaches out to new investors to help tame its budget deficit.