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(Reuters) - Intel Corp (INTC.O) reported better-than-expected quarterly results on Wednesday as growth in its data centers and Internet-of-Things businesses helped offset weak demand for personal computers that use the company’s chips. |
Shares of the world’s largest chipmaker, which also cut its full-year capital expenditure forecast for the second time, rose as much as 9.2 percent after market before paring some of their gains. |
The company has been expanding its line-up of higher-margin chips used in data centers to counter slowing demand from the PC industry and agreed to buy Altera Corp (ALTR.O) for $16.7 billion in April as part of these efforts. |
Revenue from the data center business, Intel’s second-largest, grew 9.7 percent to $3.85 billion in the second quarter from a year earlier, helped by continued adoption of cloud services and demand for data analytics. |
“We continue to forecast robust growth rates of the data center group, Internet of Things group and NAND businesses, which we expect to mostly offset the PC decline,” Chief Financial Officer Stacy Smith said on a post-earnings call. |
Revenue from the PC business, Intel’s largest, fell 13.5 percent to $7.54 billion in the quarter ended June 27. |
“Our expectations are that the PC market is going to be weaker than previously expected,” Smith said. |
Research firm Gartner forecast global PC shipments to fall 4.5 percent to 300 million units in 2015, with no respite until at least 2016. |
Intel forecast current-quarter revenue of $14.3 billion, plus or minus $500 million. Analysts on average were expecting revenue of $14.08 billion, according to Thomson Reuters I/B/E/S. |
The company also cut its 2015 capex forecast to $7.7 billion, plus or minus $500 million. It had cut its full-year capex forecast to $8.7 billion from $10 billion in April. |
Intel’s continued focus on keeping spending down is probably the strongest positive in its quarterly report, Wedbush Securities analyst Betsy Van Hees said. |
Analysts had expected a profit of 50 cents per share. |
Net revenue fell 4.6 percent to $13.19 billion, but edged past the average analyst estimate of $13.04 billion. |
Up to Wednesday’s close, Intel’s stock had plunged about 18 percent this year, compared with an 2.9 percent fall in the Philadelphia Semiconductor Index .SOX. |
Accra, July 4,GNA - Robert Aziamakpor and Beatrice Vetsch-Bempong qualified to represent Ghana in the World Peugeot Challenge Golf Championship scheduled for Disneyland, France in August this year. Aziamakpor returned 65 net while Beatrice had 67 net to win the finals of the Men's and Ladies categories respectively at ... |
The two would be joined by other 30 qualifiers from other countries worldwide to vie for the Gold Medal of the competition which is being sponsored by Prestige Motor Company Limited. |
John Amissah had 68 net to place second while S.Jane Han came second after losing on count-back to Beatrice with the third position going to Esi Cobbina who had 68 net. |
In the newly-introduced Juniors Event, an 11-year-old pupil of S.O.S. Primary School at Tema, John William Van Aalst played above himself to beat the other 15 contestants with a net score of 61 to win the crown. |
Mr Samuel Adetola, Captain of the Achimota Golf Club, praised Prestige Motor Company for their immense contribution towards the development of the sport in the country. |
Mr Albert Agbozo, Acting Chief Executive Officer of the National Sports Council was assisted by Mr Nich Adi Dako, Managing Director of Prestige Motors Company Limited to present the prizes to the winners. |
A man suspected in another homicide indicted in the 2014 burning death of Miss. teen. |
JACKSON, Miss. — A man suspected in another homicide has been indicted in the December 2014 burning death of Mississippi teen Jessica Chambers. |
Quinton Tellis, 27, originally of Courtland, was indicted on capital murder charges by a special grand jury in Panola County as he sat in the Ouachita Parish Jail in Monroe, La., where he is being held on charges connected to the August 2015 death of a University of Louisiana Monroe exchange student. |
Tellis is believed to have been the last person to have been with Chambers the night she was killed. The two allegedly had a relationship in the weeks leading up to her death, officials said. |
While Chambers and Tellis were eight years apart in age, they both went to South Panola High School and grew up in the same neighborhood. |
A news conference concerning the case scheduled for Wednesday morning at the Panola County Sheriff's Department in Batesville, according to District Attorney John Champion and Sheriff Dennis Darby. |
More than 14 months ago, authorities discovered the blonde ex-cheerleader from Courtland, who had been set on fire. She was found on the road with burns over most of her body. She died a few hours later at a hospital in Memphis. Officials said thermal injury killed her. |
Since then, her story has drawn the attention of the national media and captivated millions. |
Dec. 6, 2014, started off like a normal Saturday for Chambers. After hanging out with friends, she went to the store, came home and took a nap on the couch. After receiving a phone call, she left her house for what would be the last time. |
Just after 8 p.m., Chambers was doused with gasoline and set on fire in her car next to the gate of some private land. She got out of the car and was found in the road with burns over most of her body. She was able to whisper a name to firefighters, but after interviewing more than 150 people, authorities still haven't... |
Her car was burned beyond recognition, with any useful evidence destroyed. |
Tellis was living in Monroe with his new wife when he was arrested by Monroe Police Department and charged with crimes connected to the stabbing death of Meing-Chen Hsiao, 34, of Taiwan. Local media reports say she had been missing for more than a week when her body was found Aug. 8. She had been stabbed to death in he... |
Tellis has not been charged with her slaying, but according to jail records, he has been charged with three counts of unauthorized use of an access card and one count of possession of marijuana with intent to distribute. |
The police report says Tellis allegedly used a Chase Bank debit card belonging to Hsiao on Aug. 7 at around 11 p.m. On that transaction, he charged $.07. On Aug. 18, it was allegedly used at 10:35 p.m. for $500 and again at 3:04 a.m. for another $500. Police said there were ATM surveillance photos of Tellis using the c... |
A search warrant was served on his house and authorities found a quarter-pound of marijuana in a bedroom. The report says the drugs were packaged for sale. |
According to Tellis' Facebook page, he married his fiancee on or around Aug. 8, the day Hsiao's body was found. |
Tellis served time for residential burglary and fleeing law enforcement charges in Panola County. |
An audio clip of Rep. Debbie Wasserman Schultz intimating the Jewish community has a "problem" with interfaith marriage has recently surfaced and begun causing a stir on the social media circuit. |
Wasserman Schultz recently raised concerns but says she does “not oppose” Jewish intermarriage. |
Comments and a subsequent clarification from U.S. Rep. Debbie Wasserman Schultz of Weston have attracted new attention to long-running concerns over the implications of interfaith marriage in the Jewish community. |
Wasserman Schultz recently told a Jewish group that interfaith marriage is a "problem." On Tuesday, in a statement issued by the Democratic National Committee, she said she does "not oppose" it. |
Wasserman Schultz's use of the term "problem" isn't an unusual view; many in the Jewish community are concerned about interfaith marriage. But every utterance from the Democratic congresswoman, who represents a heavily Jewish district in Broward and Miami-Dade counties, receives scrutiny because she's the chairwoman of... |
"There's no question that there's significant concern in the Jewish community over the percentage of people who are choosing not to marry Jews," said Ira M. Sheskin, of Cooper City, a University of Miami geography professor and director of the university's Jewish Demography Project. "Jews are constantly falling in love... |
Many marriages between Jews and non-Jews, including some in his own family, are good marriages, Sheskin said. But, he added, "from the point of view of a community that wants to see itself around in the next 100 years, it's not a good trend." |
U.S. Rep. Debbie Wasserman Schultz of Weston, a parent of three and chairwoman of the Democratic National Committee, is firmly in favor of vaccinating children against childhood diseases. |
"The result of intermarriage very often, not always, is that people drop their Jewish identity," Sheskin said. "Given a choice, the vast majority of Jewish parents hope their kids will pick out a Jewish mate." |
Sheskin said the most reliable recent data, from a 2013 Pew Research Center Study of U.S. Jews show that six in ten Jewish marriages are now interfaith. He said the situation in South Florida is different. His 2014 Miami-Dade county population study found that 16 percent of married couples in the Jewish community are i... |
Wasserman Schultz's views on marriage came to light when The Shark Tank, a conservative South Florida-based website that's long written critically about Wasserman Schultz, posted audio on Jan. 30 that it said came from a recent appearance she made before a Jewish Federation audience in South Florida. There's no way to ... |
On the audio, Wasserman Schultz said the group, the Young Leadership Council of the Jewish Federation, is the first organization she got involved in when she moved to South Florida after college. A byproduct, she said, was meeting people, and mentioned her own marriage to her husband Steve. |
"We have the problem of assimilation. We have the problem of intermarriage. We have the problem that too many generations of Jews don't realize the importance of our institutions strengthening our community — particularly with the rise of anti-Semitism and global intolerance, which obviously we saw in horrific Technico... |
"At an annual Jewish community event in my congressional district, I spoke about my personal connection to Judaism and in a larger context about the loss of Jewish identity and the importance of connecting younger generations to the institutions and values that make up our community. I do not oppose intermarriage; in f... |
Rabbi Adam Watstein of Temple B'nai Aviv, a conservative synagogue in Weston, said "intermarriage is a feature of the reality of the Jewish community in the United States." |
At the same time, Watstein said, it is important to "ensure the perpetuation of the Jewish community" for years to come. "And intermarriage or assimilation or a sense of apathy or all of the above tend to or have the potential to dilute the importance and vitality of Judaism." |
Watstein, who is Wasserman Schultz's rabbi, delivered the invocation at the ceremonial swearing-in for South Florida members of Congress on Jan. 23. |
Watstein said he's bound by the guidelines of the Rabbinical Assembly, the association of conservative rabbis, not to perform interfaith marriages. |
He said the families in his congregation "are unambiguously Jewish." When one spouse isn't Jewish, he said, "my job is to not push these families away but to encourage them to move towards Judaism and Jewish life. ... Once it happens I will do everything in my power to help those families embrace Judaism." |
On the recording, Wasserman Schultz was critical of the NBC-affiliated cable channel, MSNBC, which is the favorite channel of Democrats and liberals. |
She said as she was getting ready to head to the Jewish Federation event, she flipped on the TV and saw part of an MSNBC report providing a "panoramic view ... of the results of the war in Gaza from the Palestinian perspective." |
"Clearly they were highlighting what Israel had done to Gaza and the plight of Palestinians, and my first thought was, 'Where is the balance? Where is the spotlight on what Jewish children in Israel go through from being victims of rocket attacks?' ….and the constant needing to flee into a bomb shelter. The media's cov... |
The congresswoman referred to an op-ed article she wrote about anti-Jewish sentiment said it's impossible to ease back on concerns over the threat from anti-Semitism. "Let's make sure that we have in communities all around the world the adults not raising their children and teaching their children to hate us, to hate I... |
The Animal Adventure Park, in Harpursville, aired two giraffe cam videos on YouTube overnight into Thursday. The first, lasting 10 hours, has been removed, and the second two-hour video has stopped, but is still viewable. |
“April the giraffe is expecting a calf. … Follow the process as she and her mate, Oliver, welcome a new baby,” the park had posted. |
However, park officials say “animal rights extremists” flagged the video as “sexually explicit,” prompting both to be taken down. |
“What this has done is pulled an educational tool away from tens of millions of individuals. … You have harmed the species’ survival more than you could ever recognize,” a zoo official said on a Facebook live video after the takedown. |
The official seems to infer that these “extremists” are against giraffes being held in captivity. |
He then asserts that activists should instead donate to local charities that promote conservation. |
Despite the controversy, Animal Adventure Park says that once birth is “imminent, when hooves are visible,” it will again put up a live stream — whether it will be on Facebook or YouTube remains unclear. |
The video is meant for “educational purposes,” and the earlier YouTube video had 20 to 30 million views in about 12 hours, according to the zoo. |
Giraffes can be in labor anywhere from two to six hours, and up to a full day; but once the calf begins to show, it should be fully out in under an hour. |
Park officials ask that curious viewers and supporters not contact them Thursday, as the zoo has been inundated with messages. However, if anyone has advice on how to best live stream the event, they are seeking advice. |
April is doing “very well” and the labor process is going “just fine,” according to the zoo. |
This will be the the 15-year-old moms fourth calf, and a first for her hubby Oliver. |
Jeanette Ogle, a 92-year-old widow with a reverse mortgage on her house, got a huge birthday surprise last week: She did not lose her home at a scheduled foreclosure auction that had drawn scrutiny from federal and state agencies and consumer advocates. |
Because of obscure federal rules that critics say have snared unwitting elderly homeowners across the country, Ogle's home in Lake Havasu City, Ariz., had been set for foreclosure on Feb. 27, her birthday. But after interventions on her behalf by the federal Consumer Financial Protection Bureau, AARP and the Arizona at... |
In a letter to Ogle, the company that ordered the foreclosure, Reverse Mortgage Solutions Inc. of Spring, Texas, said it changed its plans and is now "committed to allow you to remain in [your] home" and will "take no action to displace you as long as the mortgage agreement ... is not in default." |
According to government estimates, more than 9 percent of all federally insured reverse mortgages -- the ones hawked on TV by Henry "the Fonz" Winkler, among others -- were in default in 2012. This is especially significant because so many reverse mortgage borrowers, like Ogle, are in their 80s and 90s, living on Socia... |
Reverse mortgages work just as the name implies: Rather than the borrower paying the lender, the lender provides money to the homeowner, secured by a mortgage on their property. Borrowers under the most popular form of reverse loan, insured by the Federal Housing Administration, must be 62 or older to qualify. As a gen... |
One technicality tucked away in FHA's regulations can snag owners whose spouse dies after taking out the reverse mortgage. If the surviving spouse's name does not appear on the mortgage documents, the outstanding debt balance becomes due and payable. If the surviving spouse can't afford to buy the house to make the pay... |
Ogle's situation illustrates the problem: She did nothing wrong. Ogle and her late husband, John, who died in 2010, refinanced a reverse mortgage in 2007. Though Ogle believed her name remained on the mortgage documents and she was a co-borrower, a loan officer listed only John's name. Ogle says she never agreed to her... |
When her husband passed away, the loan balance became due and payable. Bank of America -- the servicer of the mortgage on behalf of Fannie Mae, the big national loan investor -- informed Ogle of the FHA rule. She complained to the Arizona attorney general's office, which negotiated an agreement with Bank of America tha... |
Reverse Mortgage Solutions refused to comment on the matter. Meanwhile, Ogle's son, Bob, filed complaints with the Consumer Financial Protection Bureau and with the state attorney general, seeking their help in saving his mother's home. He told me in an interview that "I don't think my mother could survive a move, she ... |
Enter the Consumer Financial Protection Bureau. Though precisely how it brokered the final resolution of Ogle's problem has not been made public, its intervention into the case appears to have been a catalyst. Bank of America, which had made a promise in 2010 to Ogle not to foreclose simply because her name was missing... |
"We wanted to stay true to our commitment," said Dan Frahm, a spokesman for Bank of America. "So we bought back the loan." |
Ogle's reaction? "Oh, I'm on cloud nine," she said. "I'm staying put in my house. I don't have to move. And even though I'm 92, I've got all my marbles -- so everybody should know I plan to be around for a while." |
Crawley Town fell to their fourth successive defeat, settled by an 83rd minute goal headed in by AFC Wimbledon’s Paul Robinson. |
It was a sad way to finish after Reds had looked on course to earn a valuable away draw against the promotion-chasers. |
Crawley made five changes to the side which lost 5-1 to Oxford last weekend. |
Matt Harrold had knee surgery this week which will rule him out for the rest of the season and was replaced up front by Lee Barnard, and Gavin Tomlin was out with a hamstring injury. |
Jon Ashton, Charles Dunne, Andy Bond, and Jimmy Smith came in, Smith making his first start since breaking his ankle in January. |
Josh Yorwerth, Simon Walton and Frankie Sutherland were all on the bench. |
AFC made three changes with former Reds’ loanee from Oldham Rhys Murphy playing up front with the huge Adebayo Akinfenwa and Connor Smith prefered to Jake Reeves (injured), Andy Barcham (bench) and Tom Elliott (ill). |
Mark Yates surprisingly filled the gap up front left by both Harrold and Tomlin being out skipper Sonny Bradley moving up from his usual position in central defence and playing alongside Barnard as striker. |
It was odd to see him playing so advanced for the whole game but he posed a good threat in in the air and went close to giving Rreds the lead by heading a Lyle Della-Verde corner on to the bar. |
Reds faced some familiar faces up against them in the form of fans’ favourite Dannie Bulman, who enjoyed two long spells at Crawley over an eight-year period. |
They also were up against striker Rhys Murphy, who was so successful for them while on loan from Oldham before Christmas, now loaned to AFC. |
Bulman had the first chance of the game, breaking clear and shooting from just outside the area, the ball held by West Bromwich Albion loanee Jack Rose playing his second successive game in goal. |
Crawley’s defence stood firm in a scrappy first half, not helped by a badly rutted pitch. |
Reds were dealing well with everything which came their way, typified by a good clearance by Dunne from the feet of the menacing Murphy. |
Reds came out of the blocks fastest at the start of the first half and it took some alert action by keeper Kelle Roos to keep out Barnard from close-range. |
Della-Verde had a shot fro the Dons from 25 yards out which flew just wide. |
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