Intel’s U.S. Unit Posts Loss of $350 Million

Intel Corp. disclosed that its U.S. operations recorded a $350- million loss last year, with all the company’s income before taxes coming from overseas. The world’s largest semiconductor manufacturer had reported that income before taxes last year totaled $2.18 billion. An annual report filed with the Securities and Exchange Commission disclosed that the figure included the loss at home and non-U.S. earnings of $2.53 billion. Shares fell $1.65 to $31.34 on Nasdaq.