The New Star on the Political Scene: The Chip Industry
Increasing attention from politicians is posing opportunities and challenges for tech companies that have become part of a geopolitical conversation.
Huawei Expects 9% Revenue Growth This Year
Huawei Technologies projected that its revenue grew about 9% in 2023, reflecting the company’s return to a more normal course after years of dealing with U.S. sanctions.
Apple Supplier Luxshare’s Shares Rise as It Takes Over Rival’s iPhone Plant
Shares of Apple supplier Luxshare rose sharply as the Chinese company swooped in to take a majority slice of a Taiwanese rival’s iPhone assembly plant.
Boeing 737 MAX Planes Inspected for Loose Bolts, FAA Says
Boeing 737 MAX airplanes are being inspected for potential loose bolts in the rudder control system.
Millions of Portable Blenders Recalled Over Fire, Laceration Risks
The recalled BlendJet 2 products were sold at retailers including Walmart, Costco and Target.
Suntory Exits Nonalcoholic Drinks Business in Indonesia
Suntory Beverage & Food is exiting its nonalcoholic beverage business in Indonesia after 12 years of selling bottled tea, jelly drinks and other products in the country.
Altice USA Sells Cheddar News to Media Company Archetype
The news service geared toward millennials has been sold by owner Altice USA to media company Archetype, which also owns military-focused publications such as Army Times and Defense News and lifestyle magazine Sunset Magazine.
Apple Is Being Overtaken by Chinese Smartphone Rivals-in Cars
Huawei, Xiaomi introduce electric vehicles designed to work with their phones.
A Top Penn Entertainment Shareholder Seeks Board Seats
The hedge fund HG Vora, founded by Parag Vora, is in talks with the casino operator.
A Fracker Tries to Produce ‘Guilt-Free’ Gas
BKV, a natural-gas producer, says it will bury enough carbon dioxide to offset emissions generated in making and burning its gas. Can it?
Source: Dow Jones Newswires