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Lawmaker Says He Will "Miss Thiel, Other Billionaires" if They Leave California
A proposed California ballot measure that would raise taxes on the state’s wealthiest residents has prompted billionaire investor and Trump supporter Peter Thiel to consider cutting ties with the state.

By The Financial District
Jan 61 min read


Korea Zinc to Open Zinc Smelter in Tennessee
Korea Zinc has partnered with the US Department of Defense and the Department of Commerce to build a $6.6-billion smelter in the United States, backed by $800 million in working capital and financing support.

By The Financial District
Jan 61 min read


Berkshire to Keep Japanese Trading House Stakes After Buffett’s Exit
U.S. investment firm Berkshire Hathaway Inc. plans to retain its holdings in five major Japanese trading houses over the long term, even after the departure of CEO Warren Buffett.

By The Financial District
Jan 61 min read


Once-Popular Sandwich Chain Quietly Shuts Nearly 2,000 Locations
Subway has endured a series of scandals over the years, including the downfall of its longtime advertising pitchman, who was later jailed on child pornography and sex-related charges.

By The Financial District
Jan 61 min read


Global Output of Japanese Automakers Down 6.4% in November
Global vehicle production at eight major Japanese automakers fell 6.4% from a year earlier to 1.98 million units in November.

By The Financial District
Jan 51 min read


Elon Musk Plans Mass Production of Neuralink Chips This Year
Elon Musk plans to ramp up production of Neuralink brain chips this year. Neuralink develops brain-chip implants designed to help people with paralysis or neurological disorders.

By The Financial District
Jan 51 min read


TSMC Starts Production of “Most Advanced” 2-Nanometer Chips
Taiwanese technology giant TSMC has begun mass production of its cutting-edge 2-nanometer semiconductor chips.

By The Financial District
Jan 51 min read


China Urges Netherlands to Correct Nexperia “Mistakes”
China has urged the Netherlands to correct what it described as “mistakes” related to chipmaker Nexperia and to remove obstacles to ensuring the stability of the global chip production and supply chain.

By The Financial District
Jan 51 min read


Nvidia Sounds Out TSMC on H200 Chip Orders as China Demand Jumps
Nvidia is scrambling to meet strong demand for its H200 artificial intelligence chips from Chinese technology companies and has approached contract manufacturer Taiwan Semiconductor Manufacturing Co. (TSMC) to ramp up production.

By The Financial District
Jan 51 min read


Lowe’s Acquires Smaller Competitor in Massive $8.8-B Deal
Lowe’s, one of the nation’s leading home improvement chains, has acquired competitor Foundation Building Materials (FBM) in an $8.8 billion deal.

By The Financial District
Jan 51 min read


Ousted Ben & Jerry’s Chairwoman Says Magnum Aimed to “Smear” Her
The ousted chairwoman of Ben & Jerry’s has accused the company that owns the brand of threatening to launch a public smear campaign against her.

By The Financial District
Jan 21 min read


Sony Buys Majority Stake in "Peanuts" for $457 Million
Sony is buying a 41% stake in Charles M. Schulz’s comic strip Peanuts and its characters — including Snoopy and Charlie Brown — from Canada’s WildBrain in a $457 million deal.

By The Financial District
Jan 21 min read


Minnesota Jury: J&J Owes $65.5-M to Cancer Victim Who Used Talcum Powder
A Minnesota jury has awarded $65.5 million to a mother of three who said talcum powder products made by Johnson & Johnson exposed her to asbestos and contributed to her developing cancer in the lining of her lungs.

By The Financial District
Jan 21 min read


GM V8 Recall Sparks Lawsuit Over Repair Adequacy
General Motors is facing a consolidated federal legal challenge as multiple lawsuits tied to failures in its 6.2-liter V8 L87 engine have been merged into a single case.

By The Financial District
Jan 21 min read


Morgan Stanley Seen as Front-Runner for SpaceX IPO
Morgan Stanley is emerging as a leading contender for a key role in SpaceX’s blockbuster initial public offering, as the bank’s close ties to CEO Elon Musk give it an edge in the decision.

By The Financial District
Jan 11 min read


Union Pacific Kicks Off Review for $85-B Coast-to-Coast Rail Merger
Railroad operators Union Pacific and Norfolk Southern have filed a nearly 7,000-page merger application with the U.S. Surface Transportation Board (STB), drawing fresh scrutiny from rivals over their plan to create the nation’s first coast-to-coast freight railroad.

By The Financial District
Jan 11 min read


Brigitte Bardot, French Actress and Animal Rights Backer, Dies at 91
Brigitte Bardot, the French 1960s sex symbol who became one of the greatest screen sirens of the 20th century and later a militant animal rights activist and far-right supporter, has died at the age of 91.

By The Financial District
Jan 12 min read


UK’s Toolstream DIY Shuts Down Abruptly
British DIY retailer Toolstream has entered administration, resulting in the loss of more than 100 jobs.

By The Financial District
Dec 31, 20251 min read


French Court Nixes Bid to Suspend Shein E-Commerce Platform
A Paris court has rejected a request by the French government to suspend the Chinese online retail platform Shein for a three-month period.

By The Financial District
Dec 31, 20251 min read


ACEN Now Boasts 100% Renewable Energy Generation
Listed ACEN Corp. now boasts 100% renewable energy generation across its portfolio, completing a transition it began in 2016.

By The Financial District
Dec 30, 20252 min read


U.S. Launches Review of Advanced Nvidia AI Chip Sales to China
The administration of U.S. President Donald Trump has launched a review that could result in the first shipments to China of Nvidia’s second-most powerful artificial intelligence chips.

By The Financial District
Dec 29, 20251 min read


Delaware High Court Restores Musk’s 2018 $56 Billion Tesla Pay Package
Elon Musk’s controversial $56 billion pay package from Tesla has been reinstated by the Delaware Supreme Court, two years after a lower court struck down the compensation deal as “unfathomable.”

By The Financial District
Dec 29, 20251 min read


Globe Pushes Mobile Coverage to 96%, Backs Government Drive to Connect Every Filipino
Globe continues to expand its nationwide mobile coverage as part of its long-term commitment to digital inclusion.

By The Financial District
Dec 28, 20252 min read


SoftBank Races to Fulfill $22.5-B Commitment to OpenAI
SoftBank Group is racing to close a $22.5 billion funding commitment to OpenAI by year’s end through an array of cash-raising measures.

By The Financial District
Dec 28, 20252 min read
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