FILE - In this Thursday, Oct. 18, 2012, file photo, traders work on the floor of the New York Stock Exchange. World stock markets fell Friday as disappointing U.S. corporate earnings provided a reason to book profits on recent gains while investors waited for a progress report from European leaders concluding a summit on the region's debt crisis. Wall Street also looks set to retreat. (AP Photo/Richard Drew, File)
Dow down 205 as weak earnings drag market lower
FILE - In this Thursday, Oct. 18, 2012, file photo, traders work on the floor of the New York Stock Exchange. World stock markets fell Friday as disappointing U.S. corporate earnings provided a reason to book profits on recent gains while investors waited for a progress report from European leaders concluding a summit on the region's debt crisis. Wall Street also looks set to retreat. (AP Photo/Richard Drew, File)
By MATTHEW CRAFT
AP Business Writer /
October 21, 2012
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— Advanced Micro Devices, the world’s second-largest maker of microprocessors behind Intel, plunged 17 percent. AMD said late Thursday that sales of its chips have dwindled as buyers shift away from personal computers in favor of tablets and smartphones. It also plans to cut 15 percent of its workforce. AMD lost 44 cents to $2.18.
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