(Reuters) -Amazon.com said on Monday it plans to invest at least $20 billion in Pennsylvania to expand data center infrastructure,…
Category: Business
Apple and Alibaba’s AI rollout in China delayed by Trump’s trade war, FT reports
(Reuters) – Apple and Alibaba’s rollout of artificial intelligence services in China is being delayed by a Beijing regulator, the…
Broadcom ships latest networking chip to speed AI
By Max A. Cherney SAN FRANCISCO (Reuters) -Broadcom has begun to ship its latest networking chip that aims to speed…
JPMorgan gives consumer banking head Lake more responsibility as incumbent leaves
(Reuters) -JPMorgan Chase has given Marianne Lake, widely seen as a potential successor to CEO Jamie Dimon, the additional responsibility…
Google to spend $500 million revamping compliance in shareholder settlement
By Jonathan Stempel (Reuters) -Google agreed to spend $500 million over 10 years to overhaul its compliance structure, to settle…
Disney laying off several hundred in film, TV, finance
(Reuters) -Media company Walt Disney is laying off several hundred employees in film, television and corporate finance, a source familiar…
US court extends deadline for improved bids in Citgo parent’s auction
HOUSTON (Reuters) – A Delaware judge has extended a deadline to submit improved bids in a court-organized auction of shares…
JPMorgan CEO Dimon backs US taxing carried interest, warns of bond market trouble
By Ateev Bhandari (Reuters) -JPMorgan Chase CEO Jamie Dimon said on Friday that the U.S. should be taxing carried interest,…
Rivian eyes new debt deal as expected vehicle deliveries slump, Bloomberg News reports
(Reuters) -Rivian Automotive is working with JPMorgan Chase on a potential high-yield bond sale, in part to refinance its upcoming…
Exclusive-China magnet pinch threatens car production, automakers warn
By David Shepardson WASHINGTON (Reuters) -U.S. auto executives are sounding the alarm on an impending shortage of rare-earth magnets from…