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| Mexio to set limit on outsourcing |
4/9/2021 |
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Under the agreement, companies will be able to outsource only non-core activities, like auxiliary services. Employers will have to put all essential, core positions on their payroll within three months.
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| California State plans on reopening |
4/8/2021 |
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“This is a big day," Governor Newsom said Tuesday as he delivered the news that life could return to some semblance of normal by summer.
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| U.S. trade deficit reach new record high again |
4/8/2021 |
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The increase reflected a 2.6% decline in exports of goods and services to $187.3 billion on a seasonally adjusted basis. That wiped out a 0.7% decline in imports, which ticked down from January's record high of $260.1 billion. The February goods deficit of $87.1 billion was also the highest on record.
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| Equity investor offers $18 billion to take Toshiba private |
4/8/2021 |
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CVC is an international private equity and credit company, which has committed nearly $162 billion in funds, managing more than 300 investors. It declined to comment. It's headquartered in Luxembourg, and its main office is in London, according to the company.
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| Jeff Bezos said Amazon will support a corporate tax rate hike |
4/8/2021 |
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Bezos' statement, posted on the company's website, was notable because it came after Biden singled out the company for criticism about how much it pays in federal taxes when he recently unveiled his $2.3 trillion infrastructure proposal.
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| IC shortage seen easing on consumer products |
4/7/2021 |
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Expected better supplies in the second quarter compared with the first quarter of this year, and that the situation in the second half will be better than the second quarter.
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| Intel brings out 10nm Xeon chip intended to get back server market share |
4/7/2021 |
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Intel chips using the 10-nanometer process were initially scheduled to debut in 2017. Difficulties in making that technology work economically caused multiple push backs. That holdup allowed AMD to field processors, made by contract manufacturer Taiwan Semiconductor Manufacturing Co., that it touts as more advanced than Intel’s products.
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| EV company to retrofit former Hummer plant for production |
4/6/2021 |
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The company said it has more than 45,000 orders for the Class 1 vehicle, which means trucks or vans weighing less than 6,000 pounds. The van can go about 150 miles on a charge. Employment could reach 100 people by the end of the year.
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| LG gets out of cellphone business |
4/6/2021 |
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It was still No. 3 in North America, with a 13 percent market share behind Apple's 39 percent and Samsung's 30 percent as of the third-quarter of 2020, according to Counterpoint Technology Market Research.
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| Record shows more than 50% corporations pay zero tax |
4/6/2021 |
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More than 50 of the largest U.S. companies paid nothing in federal income taxes last year, with many getting rebates, even though they reported almost $40.5 billion in pretax profits as a group, according to the Institute on Taxation and Economic Policy. The group believes the tax system needs to raise more tax revenue.
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| U.S. new hiring doubles |
4/5/2021 |
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The March increase — the most since August — was nearly double February’s gain of 468,000, the Labor Department said Friday. The unemployment rate declined from 6.2% to 6%.
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| U.S. auto sales rose to the highest since pandemic |
4/5/2021 |
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Automakers sold more than 3.9 million vehicles during the first three months of the year, with several major companies reporting March sales that nearly doubled from the same month a year earlier, according to figures compiled by Edmunds.com.
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| Tesla double its sales in a year |
4/5/2021 |
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The number was more than double the deliveries for the same period last year. And it beat Wall Street estimates of 168,000 for January through March.
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| Amazon plans to have its employees return to the office by fall |
4/2/2021 |
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Seattle Times reports the company told employees Tuesday it is planning a “return to an office-centric culture as our baseline.” Amazon and Microsoft were among the first large companies to mostly shutter their main offices in the Seattle area during the first COVID-19 outbreak in March 2020.
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| TSMC to invest $100 billion in expanding its manufacturing capacity |
4/2/2021 |
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TSMC said it anticipates faster growth thanks to long-term trends like the introduction of next-generation telecommunications and high-performance computing. The coronavirus pandemic, meanwhile is revving up demand for electronic devices as the world relies increasingly on digitalization.
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| Fire damage at Renesas worse than originally thought |
4/2/2021 |
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Nikkei Asia is reporting that the company has said 17 machines were impacted, rather than the 11 they’d originally counted. The company reportedly said the effect of soot on the production equipment was more extreme than originally anticipated.
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| Researchers to develop 5G-enabled "smart warehouse" |
4/1/2021 |
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Fast 5G wireless connectivity combined with internet of things sensor networks promises to change how warehouses move and track items to ensure they arrive at their intended destination in a timely manner.
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