
Dive Brief:
Automotive tire maker Sumitomo Rubber USA is closing its manufacturing plant in Tonawanda, New York, in February 2025, laying off 1,380 workers, according to a Worker Adjustment and Retra
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Dive Brief:
The Department of Commerce is investing $285 million in the technology consortium Semiconductor Research Corp. to create the first CHIPS Manufacturing USA institute in Durham, North Carol
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Dive Brief:
Despite his close relationship with Tesla CEO Elon Musk, President-elect Donald Trump’s plan to raise tariffs on imported battery materials could chill near-term energy storage deployment
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Dive Brief:
Battery separator manufacturer Microporous plans to build a $1.4 billion plant in Danville, Virginia, according to a Nov. 13 press release.
The plant will produce separators for lithium-i
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Dive Brief:
J.M. Smucker Co. opened a 900,000-square-foot Uncrustables sandwich manufacturing facility in McCalla, Alabama, the company announced on Nov. 7.
The facility will increase the company's c
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Gold has transformed into a lucrative revenue stream for Costco, where sales of the precious metal have surged to unprecedented levels, hitting an estimated $200 million per month. This remarkable gro
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In his annual letter to shareholders, Jamie Dimon, the seasoned CEO and chairman of JPMorgan Chase, emphasized his conviction regarding the transformative potential of artificial intelligence (AI). Di
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The European Central Bank did not have to take its cues from the US Federal Reserve and could start to lower rates as soon as June, Bank of Finland governor Olli Rehn told AFP."While we don't make pol
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UPDATE: Dec. 10, 2024: Micron Technology finalized its CHIPS funding on Tuesday, with the award up slightly to $6.2 billion for its two fabs in New York and Idaho, the Commerce Department announced
Th
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UPDATE Nov. 26, 2024: The White House finalized Intel’s CHIPS and Science Act funding on Tuesday, decreasing the amount awarded to $7.86 billion, down from the original $8.5 billion proposed in March.
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HSBC Holdings plc, Europe's largest bank by market value, announced Tuesday its decision to sell its business in Argentina to Grupo Financiero Galicia, the largest private financial group in the count
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UPDATE Nov. 20, 2024: The Biden-Harris administration finalized GlobalFoundries' $1.5 billion funding award on Wednesday.
The federal funds aim to support the company’s $13 billion investment over the
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