company veteran brian krzanich takes on the ceo role in two weeks, after paul otellini retires. krzanich is expected to steer the company in a new direction. analysts say he may turn over some production facilities to other chip-makers, as the industry switches from pcs to tablets and mobile phones. intel is first in the pc market, but has been slower to enter the mobile world. warren buffett has some encouraging words for working women. in an essay out this week, mr. buffett says that women's success in the workplace is critical for the prosperity of the country. meanwhile, the famous billionaire also launched his very own twitter page. we're still waiting for our retweet. i-n-g sold a lion's share of its stock in its ipo. i-n-g raised $1.3 billion, lower than expected, but still the second largest ipo in the u.s. this year, as it winds down u.s. operations. it priced below- range at $19.50. i-n-g stock, trading under symbol "voya," rallied at the open and traded flat during the day, closing around $20. general motors' earnings lost steam in the first quarter. earnings fell nea

promoting its chief operating officer, brian krzanich, up to ceo. he's been with the company since 1982. he will replace outgoing ceo paul otellini who announced his retirement some weeks ago. but without any announcement on who would replace him. also renee james has been promoted to company president. you have two jobs here, ceo and president, these were actually one job under otellini. we've learned they've split the job into two. it was actually this pair's idea, krzanich and james went to the board, pitched them as a pair, essentially running as a ticket, we're told. at first, the board, not so sure about splitting that job. but in the end, obviously it worked for both of them. back to you. >> thanks so much. >>> meteorologist christina loren is back in studio where it's nice and ac'd. it is warm and you're talking about fire danger. >> yeah. those winds are still pumping out there, marla and jon. want to start with this live picture here of san jose. you better believe those cars traveling on 280 definitely have the ac pumping. you can see, it

brian krzanich to succeed ott tell l tell -- otellini.tt is on the phone. >> there is a strategic advantage intel has. interesting enough, even if intel leverages that to the hilt. a lot of analysts are putting out notes intel could expand its boundary business in the years ahead, that still won't move the needle on the top line. krzanich will get calls how far to push the media tv efforts. can they really accelerate their wireless push to get integrated wireless to catch up with equ qualcomm and have to look at the broader mobile system. can they do more things with arm and apple? those are key things. this is a guy in charge of the part of intel that has been continuing to fire on all cylinders. can he expand his track record there? >> it will be easy to make quick judgments for someone who's been with the company since '82 and saying, hey, this guy is not going to be in charge of structural change, a change in character for the company. would you warn them against making those quick judgments? >> i would warn them against that, carl. h

they are going to promote from within, promoting their chief operating officer, brian krzanich with the company. he will replace paul otellini who announced his retirement with who would replace it. kir zan itch will lead a workforce of more than 1,000 people. owe teleany served as ceo and president of the company. renee james will become company president. she was formerly head of the software division. intel shares were down about three cents. it is the news that investors wanted to hear. intel stays steady. a logical, if not an exciting, pick. we wish him the best of luck >>> 6:37. let's get the final check with christina loren telling us about a hot thursday >>> slow and steady. make sure you are ready for the heat, because those temperatures are going to be climbing as we head throughout the day. gradually at first. then, between noon and 5:00 p.m., they will soar. 57 degrees in livermore. you are at 56 in oakland. close to 60 just about everywhere except for the outlying areas in the north and south end of the bay area. we have mid to upper 40s. at about 6:00 a.m. -- at about noon

intel naming its current chief operating officer, brian krzanich as the new ceo. while some were hoping as an external candidate to come in and lead intel through this mobile age, stern ag analyst says this announcement helps fill the gap and removes some of the overhang. keep in mind, maria, since paul announced he was stepping down, intel shares have climbed roughly 17%. back to you. >> thank you, seema. i'll take it from here. we'll wonder whether the new leadership at intel will make the stock a buy. let's start talking numbers on the semiconductor giant with rich roth. on the fundamental sigh, it's enis taner with ri riskreversal.com. welcome back, guys. rich, lousy year last year for intel, but they have been coming back, as seema suggested. do you like the chart or not here? >> the chart is a tale of three breakouts. i'm a buyer of all three. let's bring out that 12-month daily chart and i'll show you what i mean. you can clearly see we've taken out that downtrend from last area's high. in addition, we've broken out from this seven-month base of support and