Setup News Ticker
Searching for 'Covid-19 Business'. (Return)

Yahoo BusinessOct 22, 2020
Intel Tumbles on Data Center Sales Decline, Tepid Forecast
(Bloomberg) -- Intel Corp. shares slumped after a surprise drop in data center sales and a tepid forecast added to concern that the company is losing its lead in computer chips.The data center business, a major source of Intel profit, suffered a 10% decline in third-quarter revenue compared with a year earlier after a weak economy hurt sales to large companies and government customers. Sales to cloud computing providers will slow in the current period, Intel said.Falling prices and narrowing profit margins reinforced concern that Intel is losing its lead in chip manufacturing technology, exposing the company to the strongest competition it has faced in more than a decade.During a conference call, Chief Executive Officer Bob Swan said he's still deciding how much production to outsource. Executives also said the Covid-19 pandemic increased demand for cheaper chips and predicted those headwinds will pass.Cody Acree, an analyst at Loop Capital Markets, said he didn't accept Intel's use of the pandemic as a reason for the quarterly revenue decline, citing a boost in demand for PCs during the past few months that wouldn't have occurred otherwise."I didn't hear any answers to the biggest questions," Acree said.Intel's stock fell about 10% in extended trading. The company projected that fourth-quarter sales will decline at their worse rate in more than a decade. Gross margin, a key indicator of profitability, will end 2020 below 60% for the first time in seven years, according to Intel's forecast.Intel experienced

Google Business NewsOct 22, 2020
Chicago COVID-19 Today: Business curfew, other restrictions imposed by Mayor Lori Lightfoot after sharp rise in coronavirus cases - WLS-TV
Chicago COVID-19 Today: Business curfew, other restrictions imposed by Mayor Lori Lightfoot after sharp rise in coronavirus cases  WLS-TVChicago COVID Curfew For Two Weeks  CBS ChicagoChicago bans indoor service at bars, imposes 'business curfew' of 10 p.m. as coronavirus cases rise  WGN NewsMayor Lori Lightfoot planning to impose 10 p.m. curfew on city bars and restaurants, sources say  Chicago Tribune
DebateBiden Trump final Presidential CNN
TrumpBiden debate final Presidential CNN
earningsCall Transcript Q3 Inc Corp
stockstimulus futures market Intel Election
BidenTrump debate final Presidential Joe
COVID-19FDA vaccine approves cases remdesivir
stimulusStock talks Pelosi Stocks futures
Electionstocks futures Russian hackers officials
liveupdates debate Presidential our Watch
downearnings Showdown day never Amazon

Top News (Business News)
Accounting Today
AdWeek News
Banking Business Review
Barron's This Week Magazine
Barron's Up and Down Wall Street Daily
Brad Ideas
Chicago Tribune Business News
CNBC Business
CNBC Economy
CNBC Finance
CNN/Money Real Estate News Analysis Indicators
Enterprise Application News
Forbes Headlines
Forbes Social Media News - China, Economy & Trade - Financial Markets - Hedge Funds - Telecoms - US
Google Business News
Google Market News
HBS Working Knowledge
INSEAD Knowledge
International Tax Review
L.S. Starrett News
MarketWatch Breaking News
MarketWatch MarketPulse
McKinsey Quarterly Business
Nielsen Trends
NonProfit Times
NPR Topics: Business
NYTimes Business
Private Equity Breaking News
Reuters Business
Reuters Company News
Reuters Money Updates: News Digest
Tax Policy News
The Economist International News
The Motley Fool
USA Today Money
Wall Street Journal US Business
Wall Street Transcript
Washington Post Business
WSJ Asia
WSJ Europe
WSJ MoneyBeat
WSJ Opinion
WSJ World Markets
Yahoo Business
  • CEOExpress
  • 1 Boston Place | Suite 2600
    Boston MA 02108
  • 617 482 1200
    617 299 8649 (fax)
  • Contact
  • As an Amazon Associate
    CEOExpress earns from
    qualifying purchases.

©1999-2020 CEOExpress Company LLC