Intel stokes hopes for PC recovery; shares jumpSAN FRANCISCO — Intel Corp. has been asserting for months that the personal computer business is rebounding from its deepest slump in nearly a decade. Its stock surged Wednesday on signs that things are picking up faster than expected, despite a few lingering trouble spots.

RAK official files brief in America's Cup spatAn adviser to the sheik of Ras al-Khaimah, United Arab Emirates, filed a brief in a New York court Tuesday countering claims by U.S. challenger BMW Oracle Racing that the Persian Gulf port is not a safe venue for the America's Cup because of its proximity to Iran.

On The Call: Intel CEO on business spendingSAN FRANCISCO — Weak spending by corporations on new personal computers was one of the few problem areas in an otherwise standout third quarter from chipmaker Intel Corp. The trend has dragged on through the recession and probably won't ease until next year.

CIT Group, Pier 1, Johnson & Johnson big moversNEW YORK — The following stocks were among those that moved substantially or traded heavily Tuesday on the New York Stock Exchange:

Intel profit falls but outlook upbeat, stock jumpsSAN FRANCISCO — Intel Corp.'s third-quarter numbers show the company is getting better at doing more with less in the toughest stretch for the personal computer industry in nearly a decade.