Intel’s (INTC) stock is up 7% after the maker of microchips and semiconductors announced plans to turn its struggling foundry business into a subsidiary.In a new release, the company said it plans to turn its nascent foundry business into an independent subsidiary with its own board of directors and the potential to raise outside capital.Intel also announced plans to sell part of its stake in privately held semiconductor firm Altera. The changes come days after Intel’s board of directors met to assess the company’s future.The foundry business, which Intel plans to use to manufacture…
A man convicted of murdering a 13-year-old Burnaby, B.C., girl has repeatedly told a pre-sentencing hearing that he didn’t kill her, after refusing to listen to his interpreter during an impact statement by the girl’s father.