BRIEFCASE.Byline: - Staff and Wire Services Intel Corp. shows new technology SAN FRANCISCO San Francisco (săn frănsĭs`kō), city (1990 pop. 723,959), coextensive with San Francisco co., W Calif., on the tip of a peninsula between the Pacific Ocean and San Francisco Bay, which are connected by the strait known as the Golden - Intel Corp. showed off three microprocessors Tuesday based on a next-generation technology that tries to maximize performance and power efficiency while minimizing electricity bills. The new chips, expected to become available in the second half of 2006, are partly based on the design in the Pentium M - the processor component of the company's popular Centrino technology for notebook computers. It also will share some features with the Pentium 4 underlying architecture. High prices bring home sales down WASHINGTON - Sales of previously owned homes fell in July as some house hunters were put off by galloping prices, but the pace of sales was still the third-highest ever, suggesting that the red-hot market isn't cooling much. The latest snapshot of activity in the housing market released by the National Association of Realtors The National Association of Realtors (NAR) is made up of residential and commercial realtors who are brokers, salespeople, property managers, appraisers, and counselors, and others working in the real estate industry. on Tuesday showed that July sales of existing homes - including single-family, town homes and condominiums - totaled 7.16 million units at a seasonally adjusted Seasonally adjusted Mathematically adjusted by moderating a macroeconomic indicator (e.g., oil prices/imports) so that relative comparisons can be drawn from month to month all year. annual rate. That represented a 2.6 percent decline from June's record-high pace of 7.35 million units. Ex-Kmart execs charged by SEC DETROIT - The Securities and Exchange Commission on Tuesday filed civil charges against two former Kmart executives, accusing them of making ``materially false and misleading'' disclosures to shareholders before the retailer's 2002 bankruptcy filing. The complaint filed in U.S. District Court in Detroit charges former chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. Charles C. Conaway and former Chief Financial Officer John T. McDonald with securities fraud and aiding and abetting a·bet tr.v. a·bet·ted, a·bet·ting, a·bets 1. To approve, encourage, and support (an action or a plan of action); urge and help on. 2. securities fraud. It also accuses them of aiding and abetting violations of rules that require publicly traded companies publicly traded company A company whose shares of common stock are held by the public and are available for purchase by investors. The shares of publicly traded firms are bought and sold on the organized exchanges or in the over-the-counter market. to file quarterly reports and to include material information in the reports so they are not misleading. FDA FDA abbr. Food and Drug Administration FDA, n.pr See Food and Drug Administration. FDA, n.pr the abbreviation for the Food and Drug Administration. warns of BSC (Binary Synchronous Communications) See bisync. device problems BOSTON - Federal regulators sent Boston Scientific Corp. a warning letter identifying ``serious regulatory problems'' in medical devices shipped from a Quincy, Mass., distribution plant, including heart stents sent to hospitals despite a quality control problem. The Food and Drug Administration's disclosure of the letter Tuesday sent shares of Boston Scientific down nearly 5 percent to a new 52-week low of $25.92 on the New York Stock Exchange New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. . A letter to the company dated Aug. 10 said FDA inspectors found ``serious regulatory problems'' during a nearly two-month inspection in Quincy that ended May 20. The letter cited problems in shipments of the Natick, Mass.-based company's Taxus drug-coated stents - Boston Scientific's top-selling product - as well as Vaxcel implantable infusion ports used to administer drugs and Symmetry catheters that insert medical devices. Boston Scientific spokesman Charles Rudnick said the company ``is actively working on every point raised in the FDA letter. We've completed corrective action in many areas.'' |
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