In wake of Foxconn deal, Wisconsin and Illinois vie for jobs
CHICAGO (Reuters) – The pledge by Taiwan’s Foxconn to build a $10 billion factory in southern Wisconsin has ignited cross-border competition with Illinois over which state’s residents will get the jobs created by the project.
SoftBank invests additional $3 billion in shared-office startup WeWork
(Reuters) – WeWork Cos said on Thursday it received an additional $3 billion investment from Japan’s SoftBank Group and its Vision Fund, helping the shared-office startup ramp up its expansion globally.
Amazon to cut Whole Foods prices, escalating grocery turf war
(Reuters) – Amazon.com Inc said it will cut prices on a range of popular goods as it completes its acquisition of Whole Foods Market Inc , sending shares of rival grocers tumbling on fears that brutal market share battles will intensify.
U.S. judge tosses lawsuits about labels on Parmesan cheese
NEW YORK (Reuters) – A U.S. judge on Thursday dismissed lawsuits by consumers who had sued food manufacturers and retailers over their “100% grated Parmesan cheese” labels, alleging they were deceiving buyers because the products actually contained cel…
Exclusive: U.S. steel executives appeal directly to Trump for import restrictions
WASHINGTON (Reuters) – American steel industry executives have appealed directly to President Donald Trump for immediate import restrictions in a letter seen by Reuters, as a U.S. Commerce Department steel national security probe languishes and steel …
Apple to build Iowa data center, get $207.8 million in incentives
(Reuters) – Apple Inc will build a $1.375 billion data center in Waukee near Des Moines, Apple and Iowa officials said on Thursday, with $207.8 million in incentives approved by the Iowa Economic Development Authority and Waukee city council.
Samsung leader Jay Y. Lee given five-year jail sentence for bribery
SEOUL (Reuters) – The billionaire head of South Korea’s Samsung Group, Jay Y. Lee, was sentenced to five years in jail for bribery on Friday in a watershed for the country’s decades-long economic order dominated by powerful, family-run conglomerates.
Exclusive: Small UK companies complain after HSBC accounts frozen
LONDON (Reuters) – An avocado importer, an e-cigarette seller and a toilet-cleaning gun maker are among British companies that have had accounts closed or frozen by HSBC in the last two months, unintended casualties of a crackdown by the bank on illici…
Australia’s Qantas firms up plans for world’s longest commercial flight
SINGAPORE (Reuters) – Qantas Airways is set to formally announce plans to offer 20-hour non-stop flights from Sydney to London by 2022 if Airbus SE or Boeing Co can deliver aircraft that meet the distance, a source familiar with the matter said.
Papa John’s Russian franchisee to expand in Central Asia, Poland
MOSCOW (Reuters) – U.S. pizza chain Papa John’s International Inc plans to expand into of Kazakhstan, Kyrgyzstan and Poland, the company’s franchisee in Russia and Belarus said on Thursday.
