By David Shepardson and Jane Lanhee Lee WASHINGTON/SAN FRANCISCO (Reuters) -Intel Corp said on Friday it would invest up to $100 billion to build potentially the world’s largest chip-making complex in Ohio, looking to boost capacity as a global shortage of semiconductors affects everything from smartphones to cars. The move is part of Chief Executive…
By Herbert Lash and Tommy Wilkes NEW YORK/LONDON (Reuters) -Risk aversion dominated markets on Friday as stocks slumped on Wall Street and in Europe, oil prices fell from seven-year highs earlier in the week and bond prices surged with traders scurrying for the relative safety of government debt. Poor subscriber growth reported late Thursday at…
LANSING, Mich. (AP) — General Motors is poised to announce next week major electric-vehicle investments in Michigan, with plans to spend $6.5 billion and create up to 4,000 new jobs at two plants. The state’s economic development board is expected to approve an incentives package Tuesday, according to a meeting agenda posted online. The Associated…
By Julia Love SAN FRANCISCO (Reuters) -A group of employees at an Activision Blizzard studio that works on the “Call of Duty” franchise said on Friday that they had formed a union and would seek voluntary recognition from the company, signaling organized labor’s first foothold at the video game giant. The union, supported by the…
DENVER (AP) — Colorado, the U.S. government and a gold mining company have agreed to resolve a longstanding dispute over who’s responsible for continuing cleanup at a Superfund site that was established after a massive 2015 spill of hazardous mine waste that fouled rivers with a sickly yellow sheen in three states and the Navajo…
By Scott DiSavino NEW YORK (Reuters) -Oil prices slid for a second day in a row on Friday, pressured by an unexpected rise in U.S. crude and fuel inventories while investors took profits after the benchmarks touched seven-year highs earlier in the week. However, both crude benchmarks rose for a fifth week in a row,…
By Tim Hepher PARIS (Reuters) -Qatar Airways took a $4 million-a-day dispute with Europe’s Airbus to social media on Friday, publishing a video https://www.youtube.com/watch?v=mKN0SpWeILo&feature=youtu.be of the scarred exterior of grounded A350 jets that the airline said underscored “serious and legitimate safety concerns.” The two sides have been locked for months in a spiralling dispute over…
By Scott DiSavino NEW YORK (Reuters) – Oil prices slid for a second day on Friday, pressured by an unexpected rise in U.S. crude and fuel inventories while investors took profits after the benchmarks touched seven-year highs earlier in the week. However, both crude benchmarks were heading for a fifth straight weekly gain, rising over…
SACRAMENTO, Calif. (AP) — California’s unemployment rate dipped a half-percentage point in December as the most populous state added 50,700 nonfarm jobs, accounting for more than a quarter of the nation’s 199,000 new jobs for the month, according to new data released Friday. The state has now regained nearly 72% of the 2.7 million jobs…
LONDON (Reuters) – A potential invasion of Ukraine by neighbouring Russia would be felt across a number of markets, from wheat and energy prices and the region’s sovereign dollar bonds to safe have assets. Below are four charts showing where a potential escalation of tensions could be felt across global markets: 1/SAFE HAVENS Inflation at…
