TOKYO & SANTA CLARA, Calif.–(BUSINESS WIRE)– SoftBank Group Corp. (TOKYO: 9984, “SoftBank”) and Intel Corporation (Nasdaq: INTC) today announced their signing of a definitive securities purchase agreement, under which SoftBank will make a $2 billion investment in Intel common stock. The investment comes as both Intel and SoftBank deepen their commitment to investing in …
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MUBI CEO Efe Cakarel has addressed the ongoing controversy over the company’s recent $100 million investment from Sequoia Capital, a venture capital firm that was found to have ties to several companies connected to the Israeli military. In a lengthy statement shared with the press Thursday, August 14, Cakarel clarified the profits MUBI generates do not fund other companies in …
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Mubi founder and CEO Efe Cakarel has penned an emotional letter addressed to the filmmaking community in response to the backlash surrounding the company’s new investor, Sequoia Capital, and its ties to the Israeli military. Mubi, an arthouse distributor and producer with a mission to champion independent voices in cinema, has been under fire since securing a $100 million investment …
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Louisville, Kentucky — GE Appliances plans to shift production of refrigerators, gas ranges and water heaters out of China and Mexico as part of a more than $3 billion investment to expand its U.S. operations in Kentucky, Georgia, Alabama, Tennessee and South Carolina. The investment — the second-largest in the Louisville-based company’s history — is expected to add more than 1,000 …
Read More »U.S. Steel Explosion Presents Challenge to Nippon’s Investment Plans The Wall Street Journal Officials: 2 dead, 10 injured after explosions at US Steel Clairton Coke plant WTAE Second worker found dead after explosion at U.S. Steel Clairton Coke Works 90.5 WESA What we know about U.S. Steel plant’s safety record after deadly explosion The Washington Post Analyst: Clairton Coke Works explosion could mark a …
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AbbVie Announces $195 Million Investment to Expand Active Pharmaceutical Ingredient Manufacturing in the U.S. New $195 million facility will further enhance AbbVie’s active pharmaceutical ingredient (API) production capacity and capabilities in the U.S. Expansion is part of AbbVie’s previously announced commitment to invest more than $10 billion of capital in the U.S. over the next decade Construction will begin in fall 2025 …
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Scientists discovered that azuki bean beetles — an agricultural pest — lay larger male eggs when under stress from climate change. What’s happening? According to Kyushu University, researchers published a study in Scientific Reports showing how elevated temperatures and carbon dioxide levels influence the beetle’s reproduction. When scientists raised the temperature and carbon dioxide, they found that beetles infected with …
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Amazon ‘s Project Kuiper has not made a dime yet. But recent updates boost our confidence that the ambitious satellite internet initiative could soon be a new cog in the tech giant’s money-making machine. “There’s so much to like here” with Amazon, Jim Cramer said in the wake of its second-quarter earnings report . “Right now, we have [Amazon Web …
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Ford on Monday announced it would invest $2 billion in a Louisville, Kentucky, assembly plant aimed at rolling out more affordable electric vehicles. The investment comes on top of $3 billion already planned for a battery park in Michigan. Together the facilities will create or secure nearly 4,000 new jobs, Ford said in a news release. “We took a radical …
Read More »Apple analyst rethinks price target after $100 billion U.S. investment TheStreet How Tim Cook convinced Trump to drop made-in-USA iPhone — for now CNBC Tim Cook appeals to Trump’s love of gold with a 24-karat base for Apple plaque USA Today Apple’s $600 Billion Commitment to Boost U.S. Manufacturing The White House (.gov) Apple’s $2.5B investment set to transform Harrodsburg, Mercer County WDRB Source link
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