Intel CEO Paul Otellini to retire in surprise move (Update)

Intel CEO Paul Otellini is retiring in May, giving the world's largest maker of microprocessors six months to find a new leader as it confronts two major challenges: a shaky economy and a shift toward mobile devices that ...

India's telecom auction raises 25% of target

India's government announced on Wednesday it had raised one-quarter of what it expected from an auction of mobile spectrum that telecom industry critics said had been overpriced.

US seeks $1 bn, prison for Taiwan execs in LCD case

Prosecutors asked for a $1 billion fine for Taiwan's AU Optronics and prison terms of 10 years for two top executives in the "most serious price-fixing" case in US history, court documents showed Wednesday.

Pandora loss shrinks as revenue rises

Internet radio firm Pandora on Wednesday reported that its revenue climbed in the recently-ended quarter but that it still lost money due in large part to royalties paid out for songs.

Yahoo's interim CEO faces off with shareholders

(AP) — Yahoo's restless shareholders let interim CEO Ross Levinsohn know that they won't give him much time to fix the troubled company if he gets the job on a permanent basis.

Twitter CEO says company has 'a truckload of money'

Twitter Inc. Chief Executive Dick Costolo said the short message social network has a "truckload of money in the bank" and would remain a private company for as long as it wants.

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