Intel is shedding costs in hopes that it can focus more on growth businesses and less on the PC.
Intel said it is cutting 11 percent of its workforce, or 12,000 jobs, as it revamps to focus on areas such as data center and the Internet of things.
18:02 Verizon revenue drops as subscriber additions disappoint3
21:45 It's on like Donkey Kong: US judge approves $15B Volkswagen diesel settlement11
17:22 Judge gives final approval in Volkswagen emissions settlement16
16:36 AT&T, Time Warner poised to lobby lawmakers, regulators on proposed $85-billion merger16