Stock Under $10 with 50-100% upside potential - 14 Days FREE!

Intel Chief To Join White House Council On Jobs

Stock quotes in this article: GE, INTC 

DARLENE SUPERVILLE

HILLSBORO, Ore. (AP) ⿿ President Barack Obama is promoting his job-creation agenda at Intel Corp., the Silicon Valley giant known for its processors and a commitment to math and science education.

Obama named Intel's chief executive, a sometimes critic, to an economic advisory council as the White House pressed to build ties to business.

Obama's West Coast swing is highlighting his vision of making the U.S. more competitive globally through increased spending on research and education, while cutting or freezing spending elsewhere.

His stop Friday at Intel follows after a private dinner in San Francisco with the leaders of Facebook, Apple and other innovators.

Trying to draw attention to the need for high-tech jobs, Obama planned to tour Intel's semiconductor manufacturing facility with Intel CEO Paul Otellini. Before the visit, the White House announced that Obama has picked Otellini to serve on the presidential council charged with finding new ways to promote economic growth and bring jobs to the United States.

Otellini was among 20 business CEOs who met privately with Obama in December. Otellini has been a critic of Obama administration policies, saying they have created too much uncertainty for business. He told CNN in September that the policies had not resulted in either job growth of increased consumer confidence.

In explaining Obama's choice of the Intel leader, White House spokesman Jay Carney said Obama was not seeking to "collect people who agree with him on every issue, every policy decision made, but to create an environment, a council, where ideas, good ideas, can be generated."

Obama created the council last month and named General Electric Co. chief executive Jeffrey Immelt as chairman.

Besides touring the semiconductor facility, Obama was to learn about programs the company has to encourage studies in science, technology, engineering and math, and get people the skills they need to compete for new high-tech jobs.

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
TRY IT FREE

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
Dividend Stock Advisor
TRY IT FREE
New! $49.95/yr

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Stocks Under $10
TRY IT FREE

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Real Money
TRY IT FREE

24/7 market commentary from Jim Cramer and 20+ veteran Wall Street gurus. Get access to the latest trading ideas on stocks, options, and ETFs as well as a real-time forum to see the pros exchanging their investment ideas.

Product Features:
  • Jim Cramer + 20 Wall Street pros
  • Intraday commentary & news
  • Real-time trading forum
  • Actionable trade ideas
Real Money Pro
TRY IT FREE

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass + 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
TRY IT FREE

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
DOW 15,346.75 -7.65 -0.05%
NASDAQ 3,504.04 5.07 0.14%
S&P 500 1,668.01 0.54 0.03%
US 10 Yr 1.938% -0.011

Brokerage Partners

Advertising Partners
Special Features

Free Newsletters from TheStreet

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

We respect your privacy. Manage Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs