Intel Gets Up to $7.9 Billion Award for U.S. Chip-Plant Construction

The government grant is less than originally expected because the chip giant is also receiving separate funding for defense-related projects.

Tech - The Wall Street Journal - 2 days ago

Biden Cuts Intel’s Chip Award by More Than $600 Million

The Silicon Valley company will receive less money from the CHIPS Act after winning a $3 billion military contract and changing some of its investment commitments.

Business - The New York Times - 3 days ago

John Fisher pledges $1 billion to construction of A's stadium in Las Vegas

Athletics executive Sandy Dean says club owner John Fisher and his family will invest $1 billion into the construction of a stadium in Las Vegas and U.S. Bank and Goldman Sachs will offer a $300 ...

Sports - ABC News - October 31

Biden Cuts Intel’s Chip Award by More Than $600 Million

The Silicon Valley company will receive less money from the CHIPS Act after winning a $3 billion military contract and changing some of its investment commitments.

Tech - The New York Times - 3 days ago

Intel Posts $16.6 Billion Quarterly Loss, Its Biggest Ever

The Silicon Valley chip maker has struggled to turn around its fortunes after missing opportunities and poor execution.

Tech - The New York Times - October 31

Intel and Commerce Department finalize $7.9 billion CHIPS Act grant

The struggling chipmaker has cut jobs and pared back expansion plans as it grapples with its worst downturn ever, making the CHIPS Act money a welcome boost.

Business - CNBC - 2 days ago

Construction spending ticks up to four-month high in September

Construction spending rose 0.1% in September, the Commerce Department reported Friday.

Business - MarketWatch - November 1

Intel Posts More Than $16 Billion Loss but Says Sales Outlook Is Improving

The chip maker attributed nearly $16 billion in charges to its sweeping restructuring efforts. The company’s rosy sales forecast sent shares up about 8% after hours.

Business - The Wall Street Journal - October 31

New Delhi closes schools as air pollution shoots up to worst level this season

Authorities in India’s capital have shut schools, halted construction and banned non-essential trucks from entering the city after air pollution shot up to its worst level this season

World - ABC News - November 18

Quikrete bulks up even more ahead of potential construction boom by buying Summit Materials

With interest rates coming down, the largest concrete company is buying Summit at a deal value of $11.5 billion including debt.

Business - MarketWatch - 4 days ago

Rivian to Get $6 Billion Federal Loan for EV Factory

The financing for a factory in Georgia is part of a last-minute effort to establish climate policies before President-elect Donald J. Trump takes office.

Business - The New York Times - 3 days ago

Microsoft Earnings Show Quarterly Revenue Is Up 16% to $65.6 Billion

The company’s profit increased 11 percent to $24.7 billion, beating Wall Street’s expectations and its own predictions.

Tech - The New York Times - October 30

Why Botham Jean’s Family Won’t Get $100 Million Awarded by Jury

Cities have paid out billions of dollars in police misconduct cases, but depending on the case, families may not receive any money at all. A recent $100 million penalty for a police shooting case ...

Top stories - The New York Times - November 22

The British Museum Gets a Giant Gift: $1.27 Billion of Chinese Ceramics

Sir Percival David’s collection, amassed in the early 1900s, includes prized vases and wine cups. “You simply couldn’t build up a collection like this today,” one expert said.

Top stories - The New York Times - November 13

Arizona Chip Plant Gets $6.6 Billion Ahead of Trump Return

Taiwan Semiconductor Manufacturing’s U.S. unit will get federal money from the CHIPS Act, and will share some profits with the government.

Business - Inc. - November 15

Bitfinex Hacker Gets 5 Years for $10 Billion Bitcoin Heist

Plus: An “AI granny” is wasting scammers’ time, a lawsuit goes after spyware-maker NSO Group’s executives, and North Korea–linked hackers take a crack at macOS malware.

Tech - Wired - November 16

Google's $2 Billion Anthropic Investment Gets U.K. Antitrust Clearance

The Competition and Markets Authority said it wouldn’t open an in-depth investigation into Google’s investment in the AI startup.

Business - The Wall Street Journal - November 19

Google's $2 Billion Anthropic Investment Gets U.K. Antitrust Clearance

The Competition and Markets Authority said it wouldn’t open an in-depth investigation into Google’s investment in the AI startup.

Tech - The Wall Street Journal - November 19

Wall Street Financiers Queue Up for a Chance at Billions in Saudi Oil Cash

Are you an international business titan on the hunt for billions of dollars of Saudi oil cash? Prepare for “a mind game.”

Business - The New York Times - November 5

The big-money battle to host an F1 race is heating up

To continue growing, F1 will need to tread a narrow line between the sport's new audience and its core motor racing fans.

Business - CNBC - November 11

Brussels to free up billions of euros for defence and security from EU budget

Policy shift will allow the bloc’s capitals to redirect ‘cohesion funds’ amid Ukraine conflict and Trump victory

Business - Financial Times - November 11

US man awarded $1m after 27 years wrongfully jailed

Michael Sullivan lost his mother and four siblings while behind bars and says the money will "never make up the years" he lost.

Hurricanes, storms cost US $500 billion this year: Analysis

Hurricanes and tropical storms have caused economic losses of nearly $500 billion as they have ravaged the country this year, according to analysis by AccuWeather. Experts estimated that the ...

Politics - The Hill - November 8