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| U.S. to sell military drones to Taiwan |
11/5/2020 |
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The State Department said Tuesday it had Ok'd Taiwan’s purchase of four “weapons ready" remotely piloted aircraft and related equipment. The move is likely to infuriate China, which regards Taiwan as a renegade province and has reacted angrily to previous weapons sales' announcements to the island.
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| Amazon officially put its "Dash Smart" scale pallet for sale |
11/5/2020 |
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A year ago, Amazon Business had begun testing a new smart shelf concept — a connected smart scale aimed for keeping office supplies in stock. Testing is now complete, and the B2B e-commerce giant's new Dash Smart Shelf is now available to purchase for Amazon Business customers and consumers.
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| U.S. one moth trade deficit dipped $63.9 billion |
11/5/2020 |
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The gap between what the U.S. sells and what it buys abroad fell to $63.9 billion in September, a decline of 4.7%, from a $67 billion deficit in August, the Commerce Department reported Wednesday. September exports rose 2.6% to $176.4 billion, while imports ticked up 0.5% to $240.2 billion.
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| Construction and auto sales fuel manufacturing output |
11/4/2020 |
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The Institute for Supply Management, an association of purchasing managers, said Monday that its manufacturing index rose by 3.9 percentage-points to a reading of 59.3% last month, up from 55.4% in September.
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| A federal judge postponed TikTok ban again |
11/4/2020 |
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U.S. District Judge Wendy Beetlestone on Friday blocked an upcoming Commerce Department action that would have effectively banned TikTok in the U.S. by cutting it off from vital technical services.
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| World's largest IPO postponed |
11/4/2020 |
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The Shanghai stock exchange cited regulatory changes in Ant's industry and a possible failure to meet disclosure requirements but gave no details.
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| Mercedes Benz to increase investment in Aston Martin |
11/4/2020 |
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Mercedes already owns a tiny chunk of Aston Martin -- about 2.6 percent as it stands -- but the automaker says it plans to increase that stake over the next three years, potentially to as much as 20 percent.
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| STMicroelectronics to setup MEM R&D fab lines in Singapore |
11/3/2020 |
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The 1,300 sq m cleanroom, which will focus on piezoelectric micro-electromechanical system (piezo Mems) technology, is expected to produce its first wafers in the second quarter of next year, and scale up to higher-volume production by end-2022.
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| Pandemic changes this Holiday hiring scheme |
11/3/2020 |
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As more shoppers shy away from stores and shift their purchases online during the pandemic, retailers have stepped up the pace of hiring at warehouses. At the same time, they are looking for workers who can handle new tasks like checking temperatures and booking store appointments for shoppers who still want the in-store experience but are jittery about exposure to the coronavirus.
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| Foxconn appeals the Wisconsin state's denial of job-creation tax credits. |
11/3/2020 |
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The Wisconsin Economic Development Corp. earlier this month said Foxconn did not qualify for tax breaks based on capital investments and hiring done in 2019. The state economic development agency determined that Foxconn, the world's leading electronics manufacturer, only hired 281 full-time employees who are eligible to count toward tax credits at its facility in southeastern Wisconsin and made just $300 million in capital expenditures.
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| U.S. consumers spending rises |
11/2/2020 |
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The September gain marked the fifth straight monthly increase in consumer spending, the primary driver of the U.S. economy, since the virus erupted in early spring and flattened the economy. But the recent slight increases reflect an economy weakened by the virus and by the failure of Congress to provide another stimulus package to struggling individuals and businesses.
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| UMC profit surged 36.4% |
11/2/2020 |
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UMC saw its revenue hit a record high of NT$44.87 billion in the third quarter of 2020, when operating profits climbed 22% on quarter to NT$7.13 billion. The foundry utilized 97% of production capacity during the quarter. Gross margin and operating margin arrived at 21.8% and 15.9%, respectively.
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| Wages and benefits for U.S. workers slows during pandemic |
11/2/2020 |
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U.S. workers’ total compensation rose 0.5% in the July-September quarter, the second straight quarter of slower growth in wages, the Labor Department said Friday. Growth was the same as in the April-June quarter. That’s down from 0.8% in the first three months of the year.
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| DRAM price erosion starts again |
10/30/2020 |
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Samsung Electronics, SK Hynix and Micron Technology all anticipate softer DRAM sales in calendar fourth-quarter 2020 and first-quarter 2021. In Micron's case, it is banned from selling DRAM to Huawei in China due to trade restrictions that went into effect on September 15.
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| Marvell to pay $10.63 billion for Inphi |
10/30/2020 |
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Marvell shareholders will own about 83% of the company, with Inphi shareholders owning the remaining 17%. The deal has been approved by both boards and is expected to close by the second half of 2021.
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| Purina to build new factory in the U.S. |
10/30/2020 |
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Purina has announced it will soon begin construction on a $550 million plant in Williamsburg Township, Ohio. Parent company Nestle employs around 3,300 people in Ohio, and this will add another 300 jobs.
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| Sony profit double as people play more games during pandemic |
10/29/2020 |
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Sony anticipates strong performance for its game division, which has the PlayStation 5 set to go on sale soon. But even its current model and its game software are doing well as the coronavirus pandemic has people around the world staying home. Sony sold 1.5 million PlayStation 4 machines in July-September.
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| General Electric turns to a surprise profit |
10/29/2020 |
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Earnings, adjusted for one-time costs and asset impairment costs, were 6 cents per share. That beat the expectations of analysts surveyed by Zacks Investment Research, who were calling for a loss of 6 cents per share.
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