Latest Production facilities News
Microsoft reports 10% quarterly profit growth as it works to show AI investments paying off
Microsoft said Wednesday that its profit for the October-December quarter grew 10% as it works to capitalize on the huge amounts of money it has spent to advance its artificial intelligence technology. But while its overall profits and revenue beat Wall Street expectations, it...
This year's hottest Super Bowl ticket? Advertising space, Fox says
NEW YORK (AP) — Get ready for an onslaught of ads full of celebrities, cute animals and snack brands during breaks in the action at Super Bowl 59 on Feb. 9, when the Philadelphia Eagles face the Kansas City Chiefs at the Caesars Superdome in New Orleans. Anheuser-Busch, Meta,...
Pork giant Smithfield's CEO touts growth outlook, minimizes threats from deportations, bird flu
Smithfield Foods' CEO says he hopes that everything the company has done to make working in its plants more attractive ever since COVID tore through the industry during the pandemic will help it weather the impact of President Donald Trump’s promised mass deportations. Smithfield...
Elon Musk's X partners with Visa on payment service in an effort to become an 'everything app,'
NEW YORK (AP) — X is teaming up with Visa to soon offer a system for real-time payments on the social media platform — signaling some progress in a yearslong vision from billionaire owner Elon Musk to create an “everything app.” Visa is the first partner for the platform's...
Coca-Cola issues safety recall of soft drinks in Europe over chemical chlorate concerns
BRUSSELS (AP) — Coca-Cola has recalled some of its soft drinks in Europe after higher-than-normal levels of a chemical called chlorate were detected in bottles and cans at a production plant in Belgium. Batches of Coca Cola, Fanta, Sprite, Minute Maid and Fuze Tea were among the...
Texas Rangers create new network to oversee production and distribution of game broadcasts
ARLINGTON, Texas (AP) — The Texas Rangers have created a new company to oversee production and distribution of their game broadcasts. The MLB team on Monday unveiled the Rangers Sports Media & Entertainment Company. That company will include the new Rangers Sports Network...
New player arrives in US Steel-Nippon takeover saga with the goal of quashing it
An asset manager is seeking to quash Nippon Steel's takeover of U.S. Steel and oust the leadership of the U.S. steelmaker after taking a stake in the company. Ancora Holdings Group, with $10 billion in assets, reported acquiring a 0.18% stake in the Pittsburgh company. It said...
Big Tech wants to plug data centers right into power plants. Utilities say it's not fair
HARRISBURG, Pa. (AP) — Looking for a quick fix for their fast-growing electricity diets, tech giants are increasingly looking to strike deals with power plant owners to plug in directly, avoiding a potentially longer and more expensive process of hooking into a fraying electric grid that serves...
US lawsuit accuses PepsiCo of price discrimination that favored Walmart over smaller stores
The Federal Trade Commission sued PepsiCo on Friday, alleging that it has engaged in illegal price discrimination by giving unfair price advantages to one large retailer at the expense of other vendors and consumers. The benefiting customer wasn't named in an FTC statement about the...
US defense contractor to build 4,000-worker advanced manufacturing facility in central Ohio
COLUMBUS, Ohio (AP) — U.S. defense contractor Anduril Industries is preparing to build a massive advanced manufacturing facility in central Ohio, adding a planned 4,000 jobs to the area's burgeoning high-tech sector, state officials announced Thursday. The Cosa Mesa,...
