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Intel Shareholders Sue Chipmaker After Job, Dividend Cuts Cause Stock Plunge

Intel Shareholders Sue Chipmaker After Job, Dividend Cuts Cause Stock Plunge

Intel was sued on Wednesday by shareholders who said the Silicon Valley chipmaker fraudulently concealed problems that led it to post weak results, slash jobs and suspend its dividend, and caused its market value to sink more than $32 billion (roughly Rs. 2,68,732 crore) in a single day.

The proposed class action against Intel, Chief Executive Patrick Gelsinger and Chief Financial Officer David Zinsner was filed in San Francisco federal…


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Heinz confirms ‘by far the best’ condiment has been axed for good

Heinz confirms ‘by far the best’ condiment has been axed for good

Zach Wilson discusses harsh Broncos reality amid Bo Nix hype

Zach Wilson discusses harsh Broncos reality amid Bo Nix hype