Intel to Cut Costs and Boost Chip Business in Turnaround Push

Intel CEO’s turnaround mirrors some moves by Steve Jobs. But is it too late?

Intel Corp. Chief Executive Pat Gelsinger gave a few important details Thursday about the company’s ongoing restructuring that mirrored some of the moves that Steve Jobs made at Apple — but it may ...

Business - MarketWatch - November 1

Volkswagen fined £5.4m for mistreating customers; UK interest rates ‘to fall to 2.75%’ next year – business live

Volkswagen Finance has agreed to pay over £21.5m in redress to around 110,000 customers who may have suffered harm because of its failings.. Volkswagen Financial Services has apologised for the ...

World - The Guardian - October 21

ECB’s Lagarde: ‘We’re breaking the neck of inflation’ after cutting interest rates – business live

Rolling coverage of the latest economic and financial news. Newsflash: Inflation across the eurozone fell by more than initially thought last month, which may cement the chances of interest rate ...

World - The Guardian - October 17

Google's new CFO makes earnings call debut, says company can 'push a little further' on cost cuts

In her first earnings call as Alphabet CFO, Anat Ashkenazi said more streamlining will be needed so the company can invest in AI.

Business - CNBC - October 30

Intel, AMD Create Advisory Group to Shape Future of X86 Architecture

The two companies and other technology giants will work together to shape the future of the x86 chip as the landscape transitions to dynamic artificial-intelligence workloads.

Tech - The Wall Street Journal - October 15

How Intel Got Left Behind in the A.I. Chip Boom

Intel was for decades Silicon Valley’s dominant chip company. But missed opportunities and poor execution left it on the sidelines in tech’s latest gold rush.

Business - The New York Times - October 24

A Year on, Intel’s Touted AI-chip Deals Have Fallen Short

Despite increased sales projections overall, the chipmaker did not sell as many of its Gaudi AI chips as its CEO hoped.

Business - Inc. - 6 days ago

Trump trade war ‘could push eurozone into full-blown recession’; UK and US expected to cut interest rates today – business live

Rolling coverage of the latest economic and financial news. City analysts overwhelmingly predict Bank of England interest rate cut Wall Street and bitcoin soar to record highs as Trump wins ...

World - The Guardian - Yesterday

Samsung Sees Progress in Memory Chips for AI After Delays

The South Korean tech giant reported better-than-expected net profit but earnings in its core semiconductor business shrank sharply.

Tech - The Wall Street Journal - October 31

Intel seeks billions for minority stake in Altera business, sources say

This move that would represent a sharp about-face from its earlier public messaging about the larger company's prospects.

Business - CNBC - October 18

China Security Group Urges Review of Intel's Chips as Tech Tension With U.S. Rises

The Chinese industry group said that Intel’s products have shown security vulnerabilities and high failure rates.

Business - The Wall Street Journal - October 16

FM pushes for significant NHS cash boost in budget

Eluned Morgan is keen to see investment in the English NHS, which would mean more for Wales as well.

Harris makes major push to boost turnout in Philadelphia

Vice President Kamala Harris spent Sunday campaigning in Philadelphia as part of a major push by her campaign to boost turnout before Election Day and potentially win battleground Pennsylvania, ...

Politics - NBC News - October 27

New workers' rights 'to cost firms £5bn a year'

Businesses will face additional costs over the measures which include boosts to sick pay and unfair dismissal rights.

Dropbox to cut 20% of workforce as it moves to boost growth

Dropbox Inc.’s stock rose 3.9% Wednesday after the online-storage platform said it expects third-quarter earnings to meet or beat guidance for revenue and other metrics but also said it’s cutting ...

Business - MarketWatch - October 30

U.S. Chip Toolmakers Move to Cut China From Supply Chains

Applied Materials and Lam Research are telling vendors to follow new restrictions, spurred by U.S. government pressure.

Tech - The Wall Street Journal - 4 days ago

Fear that winter fuel payment cut will cost lives

Wales' older people's commissioner says people will die because of the decision.

How Trump, Harris propose cutting healthcare costs

The economy and healthcare are two of the top concerns for voters in this election cycle, and both tickets have promised to lower healthcare costs. When she introduced her economic agenda earlier ...

Politics - The Hill - October 25

Volkswagen in Drive to Cut Costs as Earnings Plunge

The automaker said it needed to urgently cut costs after reporting a sharp fall in third-quarter earnings hurt by weaker car sales in China.

Business - The Wall Street Journal - October 30

Australian Business, Opposition Push Housing Fix as Vote Looms

World - Yahoo News - October 20

UK workers’ rights reforms to cost businesses £5bn a year

Government’s impact assessment finds companies will face bill for implementing new policies

Business - Financial Times - October 21

Businesses Ready Price Hikes on Imports to Offset Trump Tariff Costs

Many manufacturers and retailer relying on imports are already planning to pass on the added expenses from proposed protectionist duties to customers.

Business - Inc. - October 31

Trump accuses Taiwan of stealing U.S. chip industry. Here's what the election could bring

Trump said tariffs should be put on Taiwan's chips during an appearance on "The Joe Rogan Experience" podcast.

Business - CNBC - October 28

Empty Tables and Rising Costs Push More Restaurants Into Bankruptcy

Red Lobster, Roti and other chains are closing locations as chapter 11 filings grow.

Business - The Wall Street Journal - October 21

Small Business Owners More Confident About Borrowing After Rate Cut

Entrepreneurs and the banks that finance their expansions and upgrades are more optimistic, as refinancing and new loans get easier.

Business - Inc. - October 29

Brazil Ministers Renew Push to Sell Lula on Spending Cuts

World - Yahoo News - October 15

Hong Kong to Ease Mortgage Rules, Cuts Liquor Tax in Growth Push

World - Yahoo News - October 16

PPG to Cut 1,800 Jobs, Shrink Costs With Sale of Architectural-Coatings Biz

PPG agreed to sell its architectural-coatings business in the U.S. and Canada to private-equity firm American Industrial Partners for $550 million, and outlined cost and job cuts.

Business - The Wall Street Journal - October 17

Stellantis to shutter and sell large testing facility amid cost-cutting efforts

Stellantis' Arizona Proving Grounds covers 4,000 acres between Phoenix and Las Vegas in Yucca, Arizona.

Business - CNBC - October 18

Stellantis to sell, shutter large testing facility amid cost-cutting efforts

DETROIT — Automaker Stellantis plans to shutter and sell its large vehicle proving grounds in Arizona at the end of this year, CNBC has learned.

US consumers cut back on spirits as cost of living pressures bite

Drinkers who splashed out during pandemic pull back from vodka, rum and Scotch whisky

Business - Financial Times - October 22

Volkswagen Could Close 3 Plants in Germany to Cut Costs

The auto maker’s top employee representative told workers that management planned to shutter factories for the first time in the company’s 87-year history.

World - The New York Times - October 28

For First Time in 87 Years, Volkswagen May Close 3 Plants in Germany

The automaker’s top employee representative told workers that management planned to shutter the factories to cut costs amid slumping sales.

Top stories - The New York Times - October 28

Spirit Airlines furloughs more pilots as part of efforts to cut costs

Spirit Airlines Inc. on Wednesday said it would furlough around 330 pilots early next year, the latest money-saving effort by the struggling discount carrier to stay afloat as it wrangles with ...

Business - MarketWatch - October 31

VW boss Blume says company's cost-cutting goals are set

World - Yahoo News - 5 days ago

Intel to Cut Costs and Boost Chip Business in Turnaround Push

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