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New York Attorney General Andrew Cuomo hit Intel Corp. with an antitrust lawsuit Wednesday, claiming the company used "illegal threats and collusion" to dominate the market for computer microprocessors. He asserted the world's biggest computer chip maker paid billions of dollars in kickbacks to computer manufacturers and retaliated against those that did too much business with Intel's competitors, namely Advanced Micro Devices Inc. An Intel spokesman, Chuck Mulloy, denied the charges and said the company's sales practices were legitimate. "We never threatened anyone," he said.
Service sector growth slows but continuesThe U.S. service sector grew for a second straight month in October, but at a slower pace than in September. The Institute for Supply Management said Wednesday that its service index dipped to 50.6 last month from 50.9. Any reading above 50 signals growth. Analysts polled by Thomson Reuters had expected a 51.5 for the index that tracks the country's hospitals, retailers, financial services companies and truckers.
Microsoft boots 800 more jobsMicrosoft Corp. says it is cutting 800 more jobs. That's in addition to the 5,000 layoffs it announced in January. Lou Gellos, a Microsoft spokesman, would not say Wednesday what specific product groups or job types are affected. He also said that Microsoft had already let nearly all of the 5,000 go, in what was the company's first-ever widespread layoffs. The software maker, based in Redmond, Wash., employed about 91,000 people as of the end of September.
San Francisco Chronicle going to glossy paperWith its circulation falling faster than any other major U.S. newspaper, the San Francisco Chronicle is about to become the first general-interest daily to print its editions on high-quality glossy paper. The new look, scheduled to debut Monday, is part of the Chronicle's effort to create a more visually appealing newspaper as more readers turn to the Internet for free information and entertainment. The Chronicle's weekday circulation plunged nearly 26 percent from a year ago to an average of 251,782 during the April-September period.
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