Intel’s Big Chip-Making Push in Germany Hits Bottleneck
A worker shortage and high energy prices in the country pose challenges for the U.S. company’s planned semiconductor factory.
Guangdong Adway Construction Files for Bankruptcy
Guangdong Adway Construction has filed for bankruptcy in a Shenzhen court due to its inability to repay debts amid China’s stressed real-estate sector.
Ford Pauses Construction on Politically Divisive Battery Plant
The Michigan factory and its reliance on Chinese battery technology had become a target of criticism in Washington.
Hollywood Writers’ Tentative Labor Deal Shifts Focus to Actors
The deal, which still has to be ratified by members, could open the door to an agreement with the Screen Actors Guild.
Bezos Picks New CEO for Space Company as SpaceX Dominates Industry
Dave Limp, who worked on several major products at Amazon.com, will take over for the current Blue Origin CEO, Bob Smith.
SEC Fines Deutsche Bank Fund Unit for ESG Claims, Money Laundering Allegations
The bank’s investment arm agreed to pay $25 million for overstating how it used environmental, social and governance factors in its funds.
Alcoa Surprises With a New CEO. The Stock Is Dropping.
Aluminum maker Alcoa has tapped William Oplinger to succeed Roy Harvey as chief executive. From the share price, investors aren’t too happy.
Krispy Kreme Names New CEO, Reaffirms Guidance
Donut chain Krispy Kreme named Josh Charlesworth, its current chief operating officer, as CEO to succeed Michael Tattersfield.
Boeing receives ‘firm order’ from Air Canada for 18 Dreamliner planes
Air Canada placed Monday a “firm order” for 18 Boeing 787-10 Dreamliner aircraft, with deliveries scheduled to begin in the fourth quarter of 2025.
Huawei’s New Gadgets Show How China Aims to Move Forward Without Foreign Tech
The Chinese company is out to prove it is in the vanguard of Beijing’s drive for self-reliance in technology.
Source: Dow Jones Newswires