NEW YORK (CNNMoney.com) -- Intel Corp. is planning a $2 billion fund with venture capital firms that would invest only in U.S. companies, according to a report published Tuesday.
The chip maker's investment unit is approaching venture capital firms about allocating funds toward U.S. companies, the Wall Street Journal said, citing people familiar with the matter.
Intel (INTC, Fortune 500) Chief Executive Officer Paul Otellini is scheduled to speak Tuesday at the Brookings Institution in Washington. The speech will describe "the need to create a culture of investment in the United States," according to the think tank's Web site.
LinkedIn shares surged in after-hours trading Thursday following strong second-quarter earnings, following the likes of Facebook and Twitter. More
Terrell White has had a profit-sharing plan for his employees since 1981, believing that if the staff isn't happy, guests won't be either. More
The Mason family, which has been struggling to pay the $100,000 student loan bill they were left with when their daughter passed away five years ago, is now seeing an outpouring of support. More