Micron Technology to Invest $200 Billion in U.S. Semiconductor Manufacturing
Micron Technology plans to invest more than $200 billion in semiconductor manufacturing in the U.S., a move it estimates will create roughly 90,000 direct and indirect jobs.
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BioNTech to Buy CureVac in Stock Deal Valued Around $1.25 Billion
The plan is to bring the two biotech companies together to develop transformative cancer treatments, BioNTech said.
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Boeing Crash in India Rips Up 787's Safety Record
The crash deals a fresh blow to the beleaguered U.S. plane maker, which has been mired by safety and production issues in recent years.
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EU Confirms Further One-Year Delay to Bank Trading Desk Rules
The bloc is seeking to level the playing field for European lenders amid U.S. President Trump's deregulation push.
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Tesco Sales Rise as Market Share Increases Despite Tough Competition
The U.K. grocer maintained its full-year expectations after like-for-like sales in its home market rose 5.1%, and edged up 4.1% in central Europe.
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Tech Giants' New AI Ad Tools Threaten Big Agencies
Large companies will eventually follow small ones in using AI to create ad campaigns-undermining the agencies that have ruled the business for years, analysts say.
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Airbus Expects Air Traffic Growth to Fuel Demand for New Planes
The plane manufacturer said that the growth in air travel will require 43,400 new passenger and freighter aircraft deliveries over the next 20 years.
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Oracle Shares Jump as CEO Targets 'Dramatically Higher' Revenue Growth
The cloud-services company logged double-digit revenue growth in the fourth quarter and set its sights on even bigger gains in the fiscal year ahead, pushing shares higher after hours.
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Aerospace Startup JetZero to Start Building Futuristic Planes in North Carolina
JetZero has received investments from United Airlines and Alaska Airlines to build more fuel-efficient, blended-wing planes.
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At Home, Facing Debt and Tariffs, Plans to Close Some Stores in Bankruptcy
The home-goods retailer, owned by private-equity firm Hellman & Friedman, is expected to file for bankruptcy protection within days.
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ICE Raids Have Sent Latino Shoppers Into Hiding and Big Brands Are Hurting
Coca-Cola and other companies have seen a drop in sales due in part to a pullback by Hispanic consumers.
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Chime Prices IPO Above Range, Valuing It at $9.8 Billion. The Stock Starts Trading Today.
Chime, a digital bank popular with younger customers, is the latest tech firm to go public. The stock will begin trading Thursday under the ticker symbol CHYM.
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Maker of Tommy Bahama says consumer caution is affecting 'fundamentally everything we sell'
Oxford Industries Inc. - the company that owns the Tommy Bahama and Lilly Pulitzer beach- and resort-wear lines - slashed its full-year profit outlook on Wednesday, sending shares lower in after-hours trade, as U.S. tariffs "significantly" complicate business.
(END) Dow Jones Newswires
June 12, 2025 11:00 ET (15:00 GMT)
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