Intel to invest $1.6 billion in China factory
BEIJING (Reuters) – Intel Corp will invest $1.6 billion to upgrade its factory in the city of Chengdu in western China, the latest sign of how the chipmaker is deepening ties in a market that is proving increasingly troublesome for some U.S. technology…
AvantCredit raises $225 million from Tiger Global, Peter Thiel
SAN FRANCISCO (Reuters) – For proof financial-services startups are having something of an investor moment, consider AvantCredit, a startup that said Thursday it has closed $225 million in funding from Tiger Global Management, PayPal co-founder Peter T…
Ford expands U.S. recall of Takata air bags
(Reuters) – Ford Motor Co said it will expand a U.S. recall of vehicles with Takata Corp passenger-side air bags, becoming the latest carmaker to do so in response to the regulator’s request.
Cyclicals lead Wall St. higher; Dow, S&P end at records
NEW YORK (Reuters) – U.S. stocks rose on Wednesday, with both the Dow and S&P 500 ending at records, as data pointed to improving conditions in the U.S. services sector, boosting cyclical stocks.
Microsoft ex-CEO Ballmer, activist Jesse Jackson pep up annual meet
BELLEVUE, Wash. (Reuters) – Former Microsoft Corp Chief Executive Steve Ballmer and civil rights activist Jesse Jackson livened up the technology company’s annual shareholder meeting on Wednesday, grabbing the spotlight from the current leaders on stag…
Takata has yet to find ‘root cause’ of air bag ruptures: executive
WASHINGTON/DETROIT (Reuters) – Japanese auto parts supplier Takata Corp on Wednesday acknowledged that it still does not understand what is causing air bag explosions that have hurtled metal shards into vehicles but insisted that calls for a broader re…
Cyclicals lead Wall St. higher; Dow, S&P end at records
NEW YORK (Reuters) – U.S. stocks rose on Wednesday, with both the Dow and S&P 500 ending at records, as data pointed to improving conditions in the U.S. services sector, boosting cyclical stocks.
Cheaper beans set to dominate as Asians thirst for instant coffee
MUMBAI/SEOUL (Reuters) – Mumbai civil servant Sachin Kenjale regularly ends his day with a steaming cup of instant coffee after trying the drink for the first time with friends around two years ago.
Fed says U.S. economy expanding, shale production steady
WASHINGTON (Reuters) – U.S. economic activity continued to expand in October and November, with lower gasoline prices boosting consumer spending, the Federal Reserve said on Wednesday.
Autoliv says to supply airbag inflators to be used by Honda
STOCKHOLM (Reuters) – Autoliv will supply replacement airbag inflators to be used by Honda Motor Company in the United States, Autoliv said on Wednesday.
