Intel signals shift as PC chip sales face broader device mix
Intel plans cuts in desktop and laptop chip divisions while expanding investment in gaming consoles and two in one devices. CEO Krzanich has replaced top executives and CFO Stacy Smith will move to a new role. First quarter revenue reached 13.70 billion with a 2 percent PC chip rise, amid a 9.6 percent global PC market drop per Gartner.
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McDonald’s franchisees predict modest growth in Q1 and Q2
Midwestern McDonald’s franchisees expect same store sales to rise 3.7 percent in the first quarter and 2.9 percent in the second quarter. They credit momentum from all day breakfast and anticipate the McPick 2 value plan shifting to pricier classics like the Big Mac and Quarter Pounder with Cheese.
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Yahoo Seeks Buyer as Revenue Slump Deepens
Yahoo reports a first quarter net revenue drop of 18 percent to 859 million, a 99 million loss driven by 1,000 layoffs. Analysts see potential sale of parts of its Internet business, with bidders including Verizon and private equity funds. Starboard Value is pressing for board changes ahead of the annual meeting in late June.
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Chip credit cards move toward global rollout and fraud shift
The rollout for chip enabled Visa and other cards is under way with a 2015 deadline. After October 1 banks and retailers bear liability for fraud if not upgraded. Chips generate unique transaction codes, boosting security over magnetic stripes and reducing reuse risk.
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UnitedHealth trims Obamacare exchange participation for 2017
UnitedHealth will limit ACA exchange participation in 2017 to a few states after expanding to 34 this year. The insurer covered 795 000 people on exchanges as of March and says more insurers may enter markets to fill gaps. Decisions vary by state with Virginia and Nevada kept and Arkansas Georgia Louisiana Michigan and Oklahoma dropped.
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