stacy smith is the chief financial officer at intel. he tells "nightly business report" using cash wisely is good for intel investors. >> i think companies have a moral obligation to do the right things for their constituencies and for us our constituencies are our owners, so we're always looking at how do we create shareholder value. our employees and then where we have operations we want to do the right things for the countries and the environment and that constituency as well. >> susie: on monday, you can see our entire interview with smith. he explains how intel makes decisions about its $20 billion pile of cash. >> susie: it was a mixed day for the markets but for the week they were up. that makes three in a row. some nervousness about that g-20 meeting of finance ministers this coming weekend. >> tom: yes, that communique will come out before the market opens on monday, but the focus remains on earnings this week and likely the next couple of weeks. let's get you updated on our market focus. >> tom: this was the first of three pea

he's with us from intel headquarters in santa clara california. welcome back to nightly business report. nice to see you. >> nice to see you as well. >> tom: let's talk about cash. at the end of the third quarter your company had more than $20 billion stashed aside. have you felt pressure to spend it or return it to shareholders? >> well, you know, we don't look at cash as a pressure to spend. what we do is we grow cash when we believe that we have competitive and strategic reasons to grow the cash balance. if you look at our history we started to grow cash a little bit when the downturn hit in early 2009. that was really in order to protect it. and then as we got into 2010, we were triangulating on a couple of strategic opportunities to go off and buy some companies that we think add value to our shareholders so we continue to grow cash in order to pay for those acquisitions. >> tom: i want to talk about those in a moment. you mention the building of cash. let's look at the past four quarters of your cash building that's happened from about $14 b

. >>> intel is celebrating better than expected third quarter sales. intel is benefits from mobile devices and corporate retooling of equipment. the company made almost $3 billion in net profits in just the third quarter. that's up 59% from a year ago. intel predicts their numbers will rise in the final quarter. >>> in just about 15 minutes, meg whitman and jerry brown will square off in their final debate before the election. tonight's debate is being held at dominican university in san rafael. that's where mike mibach is, here is back with more. >> reporter: right now people are starting to get settled inside the auditorium. behind me, you can see 100 or so protesters, they've been here since about mid-afternoon. in all about 775 ticketed guests are inside the auditorium here in on campus. one person who is not inside is the green party candidate who was taken away by security just about 30 minutes ago. >> reporter: corralled inside a pen is green party candidate laura wells and a few of her supporters. >> it's been billed as the green debate, where'

intel today said it will build a new development plant there. it's part of a plan to spend up to $8 billion to upgrade technology at intel's chip- making facilities in the u.s. the investment could create 8,000 construction jobs, and nearly a thousand permanent high-tech jobs. intel builds three out of four of its microprocessors in the u.s. euquu >> susie: and finally tonight, remember the story of the jetblue flight attendant who swore at a passenger, slid down the emergency chute on a plane at kennedy airport and fled? steven slater had his day in court today and he pleaded guilty. he was contrite, and agreed to a deal that requires he undergo mental health and substance abuse counseling for a year. and tom, he also has to pay jetblue ten grand, the cost of replacing the emergency chute. >> tom: i hope he finds the help he needs, but an awfully expensive outburst at the end of the day, 10 grand. >> susie: it sure was. >> susie: that's "nightly business report" for tuesday, october 19. i'm susie gharib. good night, everyone, and good night to

dollar investment and intel is already engaged in a joint project with the moscow school of management ways that skolkovo its the innovation design lab which will eventually be used by young scientists for their own start up projects to attract even more foreign experience and money was been granted a special legal status project participants will be exempt from pain valid income and property taxes for a decade but for the next three years you don't have to be it's going to get the tax breaks project members will be able to work outside the technology park until two thousand and fourteen while the innovation center campuses being built president medvedev has been promoted in his bed project in almost all of his foreign visits including one to the original silicon valley in the u.s. most recently he mentions google to china's president hu jintao at the world expo engine high it's reportedly caught the eye of chinese businesses which is showing enthusiasm about joining but when it came to sign deals in the patients were not top of the waste it was the elijah sector again which again the

intel c.f.o. stacy smith expects corporate demand to stay strong in the fourth quarter. >> what we're seeing is that, with the technology we're bringing into the server segment, chief information officers can get a very fast payback on upgrading their infrastructure. we're seeing that, as content is moving to the cloud, as content is increasingly high-def video content, companies are investing in their storage and server infrastructure to host that content. >> jeff: smith says consumers in the u.s. aren't buying as many p.c.s as they used to, but he expects corporate and overseas customers to take up the slack. >> suzanne: here are the stories in tonight's "n.b.r. newswheel." stocks closed flat for a second day. the dow added ten points, the nasdaq was up 15.5, and the s&p 500 rose four. big board volume picked up from yesterday's light session with 922 million shares trading today. nasdaq saw nearly two billion shares change hands. it seems as though it's no longer a matter of if but when-- exact

the first major tech company to post quarterly results, intel led in a surge of ock expectations. the worst may be over for the tech sector. >>> leading the nasdaq, apple shares approached $300 a are after walmart said its stores will start carrying the popular ipad. >>> the obama administration lifted its drilling sen weeks ahead of schedule and that sent shares of transocean climbing almost 5%. shares of pfir gained after it agreed to buy king pharmaceuticals for almost $1 billion. king farmma sharesjumped, as well. > china's bid to cool down its economy, the government raised bank reserve requirements for the fourth time this years, sparking concern the move could crimp global growth. >>> finally, a new line of perfume is about to explode on to the icelandic market. it's made of melt water made atop the glacier atop the volcano that exploded in april. >>> lebron's leg acts u the wings stage a shoot-out and a touching moment on the gridiron. plus, sooth southpaw cliff lee has a proven track record last night. he helped his teammates to history. your early morning sports headline

intel shares slid nearly 3%. elsewhere on the dow, jp morgan chase beat the streets' earnings estimates. shares were pushed lower by t firm's weak revenue. > the number of home foreclosures topped 100,000 for the first time ever last month. however, that number will likely drop going forward after all 50 states launched a joint investigation of the mortgage industry yesterday in responsible to lax foreclosure filing procedures nationwide. >>> yahoo! shares shot up more than 5% yesterday after "the wall street journal" reported that aol and several private equity firms are in the early stages of a possible bid to buy the website. and finally, studies show money doesn't always buy happiness, but it could find one very expensive slumber party. the mandarin in tokyo is marking its 50th birthday by offering the entire hotel, all nine restaurants, spas, 178 rooms and fleets and a cocktail reception for 500 of their close friends for the low, low price of $671,000 big ones. >>> farve's streak is in jeopardy. alexander t

intel up in regular trade after the bellwether posted stronger than expected third quarter results. and intel led a recent surge in semiconductor stocks on expectations the worst may be over for the tech sector. leading the nasdaq, apple shares hit a new record, stores will start carrying the popular ipad. >>> and president obama lifted drilling ahead of schedule sending shares climbing almost 5%. shares of feiser gained after it agreed to buy king pharmaceuticals for $3. billion. king pharma shares jumped a whopping 39%. optimism about action by the fed. china's bid to cool down its economy. the government raised bank requirements for the fourth time this year sparking concern the move could crimp global growth. >>> finally, a new line of perfume is about to explode on to the i'dlandic market. it's made of melt water from the glacier sitting atop the volcano that erupt ntd april flooding ash across europe. the citrus scented perfume sold in square bottles with a lava rock attached to it. >>> a touching moment on the gridiron. >>> plus, super softball. cliff lee has a proven track r

. >>> stocks spike, intel takes a hit and how to blow $671,000 in one night. your early morning business headlines are straight ahead. >>> plus, former "dynasty" star joan collins proves she still likes a good cat fight. >>> sydney crosby try toes rally the penguins, the million dolrlr finally earns his pay and the cavs can't let go of lebron. >>> good morning, and welcome back to "early today." i'm lynn berry. here are some of your top headlines this morning. defense secretary robert gates is warning that an abrupt end to the military don't ask, don't tell policy would have, quote, enormous consequences for the nation's troops. his comments came a day after a federal judge ordered the pentagon to stop enforcing its ban on gays and lesbians serving open in the military. gates says the question of whether to repeal the law should be decided by congress and only after the pentagon completes its study on the issue in december. >>> a bomb blast has killed three coalition troops in western afghanistan today. no word on whether any of them are americans. at least 37

. >>> stocks spike, intel takes a hit and how to blow $671,000 in one night. your first look at this morning's business headlines is straight ahead. >>> sidney crosby tries to rally the penguins. the cavs just can't let lebron go. you are watching "first look" on msnbc. [ female announcer ] what if your natural beauty could be flawless, too? new aveeno positively radiant tinted moisturizers, with scientifically proven soy complex and natural minerals give you sheer coverage instantly, then go on, to even skin tone in four weeks. new aveeno tinted moisturizers. >>> welcome back to "first look." i'm lynn berry. >>> defense secretary robert gates is warning an abrupt end to the "don't ask don't tell" policy would have enormous consequences. they came a day after a federal judge ordered them to stop enforcing the ban on gays and lesbians openly in the military. he said the question to repeal the law should be canceled by congress only. >>> a blast has killed three coalition troops in western afghanistan today. no word on whether any of them are americans. at least

. >>> well, intel invests. yahoo! has doubters and a pair of stocks that may about tough sell. your early morning business headlines are straight ahead. >>> plus, beer whirling doughnut loving homer simpson and family get an unexpected endorsement. >> good morning, and welcome back to "early today." i'm lynn berry. here are some of your top headlines this morning. this morning's "new york times" reports talks to end the war in afghanistan involves hamid karzai's inner circle and taliban commanders at its highest level, according to officials who say the face-to-face discussions are taking place with nato troops to protect taliban members taking part in the negotiations. >>> new evidence confirms that hormone replacement therapy may do more harm than good for many women after menopause. according to the latest results, from a landmark federal study, women who take a combination of estrogen and progestin not only increase their chances of getting breast cancer, they may also be at a higher risk of dying from the disease. >>> france is bracing for another day of crippling public s

intel up in regular trade after the bellwether posted stronger than expected third quarter results and an optimistic fourth quarter forecast. the first major tech company to post quarterly results, intel led in a surge of stock in semi conductor stocks on expectations the worst may be over for the tech sector. >>> leading the nasdaq, apple shares hit a new record, approaching $300 a share after walmart said its stores will start carrying the popular ipad. >>> as we told you earlier, the obama administration lifted its ban on deep water drilling seven weeks ahead of schedule and that news sent shares of transocean limited climbing almost 5%. shares of pfizer gained after it agreed to buy king pharmaceuticals for $3.6 billion. king pharma shares jumped, as well. >>> china's bid to cool down its economy, the government raised bank reserve requirements for the fourth time this year, sparking concern the move could crimp global growth. >>> finally, a new line of perfume is about to explode on to the icelandic market. it's made of melt water made the glash yerp sitting atop the volcano that

intel says its net income leaped 59% in the latest quarter. beltane analysts' expectations as the world's biggest maker of microprocessors intel is a proxy for the overall pc market which has doubled in the for the past few months. it had earnings of 52¢ a share compared to the 50 expected. all live look at some traffic on the golden gate bridge. traffic north and southbound on the golden gate moving about the same at a meeting in class. one is ahead. [ male announcer ] carly fiorina. as ceo, she laid off 30,000 workers and shipped jobs to china. china. india. russia. poland. i know precisely why those jobs go. [ male announcer ] because fiorina shipped them there. to shanghai instead of san jose. bangalore instead of burbank. proudly stamping her products "made in china." 30,000 workers gone while fiorina took $100 million for herself. carly fiorina. outsourcing jobs. out for herself. [ barbara boxer ] i'm barbara boxer, and i approved this message. texting...blogging... all this technology, but you're still banking like pilgrims! it's time

wall street-focused profits, like those from investment banks and trading, were down as intel was the weakest of the dow industrials, falling more than 2.5%. volume spiked to almost three times its usual pace. its pop in its third quarter profits last night weren't enough to fuel buyers today. competitor advance micro devices releases its earnings tomorrow morning. after the close tonight, for- profit education operator apollo group received a failing grade on its quarterly report. or at least its outlook. earnings were a penny more than anticipated, but more worrisome for investors, it withdrew its fiscal 2011 outlook, citing the "uncertain regulatory environment," referring to new government rules on student loans. it also warned new enrollments could drop as much as 40% in the first quarter. with that, it may bear watching several in this industry. apollo shares closed at $49.50 before the report, but fell below $45 after the close. devry and strayer education saw fractional moves during the session, but each fell 5% after hours in sympathy. finally, it's not uncommon to see sirius

intel makes different kinds of chips. its results are due out tuesday. we saw two new stocks come to market this week, including another chinese company. ellington financial focuses on mortgage-related assets. it closed below its i.p.o. price of 2,250 today. chinese solar products maker daqo came public at $9.50 per share and is higher tonight. and that's tonight's "market focus." >> tom: the political party that controls congress can affect your job and your retirement savings. it also affects businesses and our economy. the outcome of next month's elections rides on candidates slugging it out in communities across the country. in tonight's midterm 2010, it's the economy election coverage, darren gersh looks at one district, and how the economy is shaping the campaigns of the two people competing to represent it. >> reporter: nevada's third congressional district is the most populous in the nation: one million people spread across a ring of suburbs, many just a few years old. and there is bipartisan agreement on the economic pain here. representative di

companies intel general electric j.p. morgan will be announcing their third quarter earnings which likely will be the final kind of guideline for investors as to the state. of finances at major u.s. companies at the state of their financial health and usually companies when releasing their results still so common on their outlook and saw to a large degree the overall picture of how two thousand and ten has shaped up for major u.s. companies is going to become clear in the next couple weeks of this week we'll see if they said the reports from such major companies as general electric intel j.p. morgan and these these earnings coming out of major companies will definitely set the tone for the week not only in the u.s. but globally as well. russia topped europe's chart since september for the largest amount of retail construction underway but even though it's a past herky and fronts we tell us say the size their creation and number of shops remains inadequate that's a heck of reports. with dozens of shopping centers construct

find out what's really happening to the global economy in these kinds of reports on intel and i know he's available in the foothills bankole can see him square hutto super to look three hotels bangkok sign on the men marco told fine call him only watergate hotel and princess hotel married cool job hotel bank by yuki sweet hotel bank called the imperial queens poco tunnel married results in spoto shuras in toto new supply and spun juice and from the hotel golden cliff results and spun the indian hotel a one world cruise hotel but taj discovery peach hotel chilled chunk of time resembles the sea mantra pure result to sift through barracuda milk a metropole who turned out ok renaissance hotel ok real sweet hotel from pacific so been resort and spa. in israel is available in cinnamon hotel time periods in hotels jerusalem. hello there you're watching our t.v. international english language news broadcaster from moscow these are all top stories tonight a massive online exposé shakes up washington as a new series of military logs suggest that the us ignored torture and civilian deaths in

companies intel general electric j.p. morgan will be announcing their third quarter earnings which will likely will be the final kind of guideline for investors as to the state. of finances at major u.s. companies at the state of their financial health and usually companies when releasing their results may also comment on their outlook and saw to a large degree the overall picture of how two thousand and ten has shaped up for major u.s. companies is going to become clear in the next couple of weeks this week will see as they said the reports from such major companies as general intel j.p. morgan and these these earnings coming out of major companies will definitely set the tone for the week not only in the u.s. but globally as well global financial leaders gathered in washington d.c. at the weekend for the annual meeting of the i.m.f. president of e.t.p. bank coston said the crisis would forever change the role of emerging markets. except the changing role or the emerging markets the country including russia china brazil

intel is a tech bellwether as most of its chips power the world's computers. now, wall street rose slightly tuesday after minutes from last month's fed meeting signalled the central bank is set to take action to boost the economy sooner rather than later. asian markets road overnight. the dow was up 10, the nasdaq up to 2417. >>> the fcc will propose new rules thursday requiring wireless companies to alert customers either by voice or text message when they have reached their monthly limit. that way users don't have to worry about hidden costs, confusing billing practices and what the fcc calls bill shock. back to you, scott. >> all right, courtney, thank you much. >>> despite the downturn in the economy, it is likely you are making some fairly decent money if you live in the bay area. a new study says household incomes in san jose and san francisco are among the highest in the nation. that's partly because of steady demand for government and high tech work. now, at the same time, households in many of the fast-growing areas during the housing boom like colora

the intel reports, which are cited here in the book say he's a manic depressive. and that he's on his medication, off his medication. shakey partner. >> greta: it was very clear in october of '01 why we went into afghanistan to look for weather. interviewing secretary clinton and -- to look for bin laden. interviewing secretary clinton longer in afghanistan he's in pakistan. pakistan is double dealing us at every turn. they've got the most criminal military intelligence agency. every time we do drone attacks they notify the people who are about to do it so they can scurry out of there. >> there is less of that. but you are right. go to the world of barack obama, two days after he's elected president of the united states. the intel people come in and they take him into this secret room called the secure come parmented information facility. where no one can eavesdrop. and one of the things they say is pakistan is living a lie. and the problem here is the -- they tell him this is the center of gravity of the problem we've got. and he says, what are we doing about tha