Why Intel needs to buy Altera: Expert
Intel is running into technological limitations that Altera’s intellectual property can potentially solve, David Garrity tells CNBC.
MONEY (MSM)
Prosecution of GM may let corporate bosses off the hook
There are plenty of named wrongdoers in the ignition-switch scandal, but that may not be good enough for prosecutors mulling criminal charges.
U.S. top court says 2nd mortgages on 'underwater' homes cannot be voided in bankruptcy
The U.S. Supreme Court on Monday handed a win to Bank of America Corp by ruling that a second mortgage on an “underwater” home – one with a mortgage balance exceeding its current value – cannot by voided during bankruptcy. On a unanimous vote, the court ruled against two homeowners, David Caulkett and Edelmiro Toledo-Cardona, in Florida, where many homeowners have struggled to pay their mortgages following the recent housing
U.S. consumer spending flat; manufacturing gains some speed
U.S. consumer spending was unexpectedly flat in April as households cut back on purchases of automobiles and continued to boost savings, suggesting the economy was struggling to gain momentum early in the second quarter. In a separate report, the Institute for Supply Management (ISM) said its index of national factory activity was 52.8 in May, up from April’s reading of 51.5.
Rate hike needed to pop bubbles: Robert Shiller
The Federal Reserve should consider lifting interest rates sooner rather than later to tackle speculative bubbles, Robert Shiller told CNBC.
Easy access to money keeps U.S. oil pumping
Wall Street’s generous supply of funds to U.S. oil drillers helped create the American energy boom. Now that same access to easy money is keeping them going, despite oil prices that are languishing around $60 a barrel.
US consumer spending in April weakest in 3 months
U.S. consumer spending in April posted the weakest performance in three months, but a solid gain in income growth should help boost spending in the future. Consumer spending was flat in April after a revised …
Microsoft Readies Windows 10 for Next Month in PC, Tablet Push
Microsoft Corp. is preparing Windows 10 for release on July 29, in time for the back-to-school personal-computer season, as the company tries to boost an ailing PC market and revive its own fortunes in mobile devices. The operating system will be available for PCs and tablets as a free upgrade to people using Windows 7 and Windows 8.1, or on new Windows 10 devices, Microsoft said in a statement Monday.
European markets gain as stimulus hopes boost China shares
European shares rose Monday, shrugging off unease over the Greek debt situation and renewed signs of weakness in the U.S. economy, after Shanghai’s benchmark jumped nearly 5 percent on expectations of …
Greece continues talks on aid, deal unlikely on Sunday: sources
Athens and its euro zone and International Monetary Fund (IMF) creditors have been locked in talks for months without luck on a deal. Pressure to strike one has intensified as Athens faces a debt payment on June 5 as well as the expiration of its bailout program on June 30. The government said this week it was looking for a deal by Sunday, but sources close to the talks at