While you were sleeping: Intel shares jump on outlook

Wed, 16 Jul 2014

By Margreet Dietz July 17 (BusinessDesk) - Wall Street rose, lifting the Dow to a fresh record, after Intel posted better-than-expected earnings and Rupert Murdoch’s 21st Century Fox made an unsolicited bid to buy Time Warner. In late afternoon trading in New York, the Dow Jones Industrial Average climbed 0.42 percent, the Standard & Poor’s 500 index added 0.43 percent, while the Nasdaq Composite Index gained 0.45 percent. Shares of Intel jumped 7.8 percent while those of Microsoft gained 3.3 percent, propelling the Dow higher. IBM in...

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