Business news with words announced+plans+san. 10 news.

Redback Networks announced Wednesday that it plans to add 700 highly paid workers to its North San Jose campus over the next year.

SAN FRANCISCO (MarketWatch) -- Intel Corp. will stop promoting its "Viiv" brand of Internet video programming that connects to living room TVs, The Wall Street Journal said late Friday on its Web site. The newspaper said the company announced plans to use a modified version of the brand on chips in entertainment-oriented computers that use dual-processor chips.

SAN FRANCISCO (MarketWatch) -- Technology stocks surged along with the broader market in early trading Wednesday as the U.S. Federal Reserve and four other central banks announced plans to ease stress in financial markets through the auction of short-term funds. The tech-heavy Nasdaq Composite Index climbed 60 points to 2,712 and every major tech stock was on the rise. Among tech bellwethers, gains came from Hewlett-Packard Co. , Apple Inc. , Microsoft Corp. and Cisco Systems Inc. .

SAN FRANCISCO (MarketWatch) -- Auto parts and building products manufacturer Quanex Corp. reported late Tuesday fiscal fourth-quarter operating income of $62.9 million, or $1.05 a share, up from $59.3 million, or $1.03 a share, a year ago. Revenue for the three months ended Oct. 31 rose nearly 6% to $557.9 million from $527.7 million. Analysts polled by Thomson Financial predicted Quanex would earn 97 cents a share on $548 million in revenue. Quanex warned it expects building products sales to drop 5% in 2008 due to the tough home building market. The company announced last month it plans to spin off its building products unit to shareholders and sell its auto parts business to Gerdau S.A. in a deal worth $1.7 billion. Shares of the Houston-based company rose 18 cents ahead of the report to close at $49.34.

Featured links from the CNET Blog Network The recording industry should thank Apple --In an interview with "Wired Magazine," Universal Music Group CEO Doug Morris claims that the record industry didn't know what to do about the burgeoning digital music explosion. But the historical record suggests otherwise. Cell phone carriers are wretched relics of the old guard --Verizon Wireless has announced that it will open its network. But as Don Reisinger explains, the real story here is that the cell phone industry is one of the worst in tech. What if Apple brought universal Wi-Fi to San Francisco --With plans for municipal Wi-Fi at a standstill, Josh Wolf suggests that Apple step in. Porsche announces limited edition Boxster --A more powerful version of Porsche's entry-level roadster pays homage to the company's heritage in motorsports.

SAN FRANCISCO (MarketWatch) -- Eastman Chemical Co. plans to invest $200 million to install additional air pollution control equipment at its Kingsport, Tenn. plant, the company said Thursday. Eastman is in the process of selecting an engineering firm with construction slated to take place between 2009 to 2013. The project is a part of a $1.3 billion reinvestment plan announced earlier this year.

SAN FRANCISCO (MarketWatch) -- In a plan designed to help investors more accurately value its businesses, IAC/InteractiveCorp announced plans Monday to split up into five separate, publicly traded companies.

SAN FRANCISCO (MarketWatch) -- IAC/Interactive Corp. announced plans Monday morning to split its various businesses -- which include a broad swath of Internet-based properties -- into five separate publicly-traded companies.

SAN FRANCISCO (MarketWatch) -- Key Energy Services Inc. said Friday it plans to offer up to $400 million of senior notes due 2017 through a private placement. The debt issue would depend on market conditions and some of Key Energy's domestic subsidiaries will fully guarantee the notes. Funds raised from the notes will be used to retire $393 million loans under its existing senior secured credit facility. When the offering is completed, it will end its existing commitment to its previously announced term loan facility.

SAN ANTONIO - AT&T Inc., the nation's largest wireless carrier, announced plans Tuesday to ease termination fees and allow customers to more easily change contract terms.