SAN FRANCISCO (AP) -- Yahoo Inc.'s third-quarter profit slipped less than analysts feared, raising hopes that the slumping Internet powerhouse can deliver on the comeback promises of a new management team that took over four months ago.

The prospect of better times lifted Yahoo's stock price more than 9 percent late Tuesday.

The Sunnyvale-based company said it earned $151.3 million during the three months ended in September. That was 5 percent less than its net income of $158.5 million in the same period last year.

The earnings were 11 cents per share in both periods because Yahoo bought back some of its stock in an attempt to bolster its eroding market value.

Analysts had low expectations after Yahoo struggled through the first half of the year in spite of an online

SAN JOSE, Calif. (AP) -- Intel Corp.'s profit leaped 43 percent in the third quarter as a massive restructuring and swelling microprocessor demand helped the world's largest semiconductor company glide past Wall Street's already-bullish expectations.

The Santa Clara-based chip maker said Tuesday it earned $1.86 billion, or 31 cents per share, in the three months ended in September. That beat by a penny the average estimate of analysts surveyed by Thomson Financial, and it's 43 percent higher than the $1.3 billion, or 22 cents per share, Intel earned in the year-ago period.

Intel is profiting from robust worldwide PC sales that are driving up demand for microprocessors, which act as the brains of those computers.

On a conference call Tuesday to discuss the earnings report, management dismissed concerns by some analysts that PC makers may have overestimated their need for microprocessors and ordered too many chips. Intel officials said the company expects demand to remain robust and justified their higher financial targets.

Intel on Tuesday also announced that Chief Financial Officer Andy Bryant was named chief administrative