Intel shelves cutting-edge Arizona chip factory
SAN FRANCISCO (Reuters) – Intel Corp , hit by slumping personal computer sales, has put off opening a major chip factory that President Barack Obama once held up as an example of U.S. manufacturing potential.
Dispute over foreign bank assets sent to New York’s highest court
NEW YORK (Reuters) – In a case with wide implications for the global banking industry, New York’s highest state court has been asked to decide if banks operating in the state can be forced to turn over to litigants assets held in their foreign branches…
Japan Air grounds Boeing 787 after battery problem
TOKYO/SEATTLE (Reuters) – Japan Airlines Co Ltd said it temporarily grounded one of its Boeing 787 Dreamliners at Tokyo’s Narita International Airport on Tuesday after white smoke was spotted outside the plane and a battery cell showed clear signs of l…
Tesla demand surges, stock rises 16 percent
DETROIT (Reuters) – Electric car maker Tesla Motors Inc said on Tuesday deliveries of its Model S sedan in the fourth quarter blew past what the company had forecast, sending shares up nearly 16 percent.
Charter touts benefits of offer for Time Warner Cable
(Reuters) – Charter Communications expects annual synergies of $500 million and other benefits such as tax savings from its proposed acquisition of Time Warner Cable, the company said in an investor presentation posted on its website Tuesday.
Retail sales, inventory data suggest strong fourth-quarter growth
WASHINGTON (Reuters) – U.S. retail sales edged up in December with a core spending gauge posting a big jump, a sign the economy gathered steam at the end of last year and was poised for stronger growth in 2014.
Ford CEO eyes long view, but still engaged in day to day
DETROIT (Reuters) – Alan Mulally, credited with reviving Ford Motor Co’s fortunes, emphasized on Tuesday that he remains deeply engaged in day-to-day operations as well as setting the second-largest U.S. automaker’s long-term strategy.
Nissan lifts U.S. output of electric Leaf as sales rise
DETROIT (Reuters) – Nissan Motor Co Ltd has lifted U.S. production of its all-electric Leaf by about 50 percent to 3,000 units a month to meet growing demand for the car, the head of the Japanese automaker’s North American operations said on Tuesday.
JPMorgan profit hit by Madoff, weaker investment banking
(Reuters) – JPMorgan Chase & Co posted a 7.3 percent decline in quarterly profit on Tuesday, as legal woes and weak demand for investment banking services capped off a tough year for Chief Executive Jamie Dimon.
Workforce dropouts may not require a policy fix: Fed’s Plosser
PHILADELPHIA (Reuters) – The droves of Americans dropping out of the work force may not be a problem that needs to be fixed with policies, Philadelphia Fed President Charles Plosser said on Tuesday.
