Tag Archives: build

Saying Ford is driving head on into a future of electric vehicles may be an understatement. Think more along the line of hauling a-–.  The Detroit-based auto giant said Monday it will partner with SK Innovation to invest $11.4 billion to construct two “mega-sites” — one in Tennessee and the other in Kentucky — that will build electric trucks and batteries. Ford’s portion of the investment — $7 billion — is the largest manufacturing investment in the company’s 118-year-old… Source link

Stocks dipped in early trading on Tuesday, with Wall Street indices hovering close to last week’s record highs, with analysts closely watching the end of pandemic-era jobless benefits and its impact on the labor market as the COVID-19 pandemic clouds the outlook. Last week, the S&P 500 Index set an all-time high, and the Nasdaq Composite briefly hitting an intraday record, despite August’s jobs data falling far short of market expectations. While payrolls showed the economy creating a… Source link

In fact, the distribution payments were a centerpiece of last October’s Department of Justice antitrust lawsuit against Google, for good reason. It makes it nearly impossible for a smaller startup to get a foothold in the market where Google has a monopoly-type hold. According to StatCounter, the internet giant has 92% of the global search engine industry. And with the payouts only inclined to soar further, I don’t see how this blatantly anti-competitive practice can stand in court. Source link

Facebook and Google are building undersea internet cables around the world — and are betting that the investments will bring in millions of new customers. Facebook revealed Sunday that it is helping build a 7,500-mile cable connecting countries including Japan, Indonesia, the Philippines and Taiwan. The cable, called Project Apricot, is expected to launch in 2024 and will help deliver better 4G, 5G and broadband internet to the region, according to Facebook.  That… Source link

Are you intrigued by the possibility of using nuclear reactors to curb emissions, but worried about their water use and long-term safety? There might be an impending solution. LiveScience reports that China has outlined plans to build the first ‘clean’ commercial nuclear reactor using liquid thorium and molten salt. The first prototype reactor should be ready in August, with the first tests due in September. A full-scale commercial reactor should be ready by 2030. The technology should not… Source link

Google’s parent-company Alphabet has a birth to announce: a new company called Intrinsic which will focus on building software for industrial robots. The subsidiary will be one of Alphabet’s “other bets” — relatively speculative firms focusing on new technology like Waymo (self-driving cars), Wing (delivery drones), and Verily (healthcare and biotech). Details on what exactly Intrinsic is building or who its customers will be are unclear. A blog post from the company’s new… Source link

By Stephen Nellis (Reuters) -Semiconductor manufacturer GlobalFoundries said on Monday it will build a second factory near its in Malta, New York, headquarters, and spend $1 billion to boost output to address the global chip shortage. GlobalFoundries, owned by the United Arab Emirates’ sovereign wealth fund Mubadala Investment Co, makes radio-frequency communications chips for 5G, chips for high-reliability manufacturing for automotive customers, and other specialized semiconductors. The new… Source link

Mark Zuckerberg said he wouldn’t know what to do with the $1 billion Yahoo offered to buy Facebook, a new book said. Zuckerberg said he’d probably just build another version of Facebook, per an “An Ugly Truth.” Lots of Facebook staff quit after Zuckerberg rejected Yahoo’s offer in 2006, the book said. … Source link

Popeyes (QSR) is adding chicken nuggets to its menu, using the same recipe as the hotly-coveted chicken sandwich that’s been a runaway hit for the restaurant chain. The addition of the white meat chicken nuggets, with options ranging from 4 piece to 36 pieces, are set to hit menus beginning July 27 in the U.S., Canada and Puerto Rico.  The fast food giant is hopeful this launch will match the reception that greeted its fried chicken sandwich back in August of 2019.  That menu item sparked the… Source link

Security-system provider ADT Inc. is betting on its partnership with Google’s smart-home business to increase revenue as it struggles to turn a profit three years after going public. The company, best known for its home alarm systems, last summer announced the deal with Google, whose Nest business makes thermostats and smoke detectors that customers can monitor from their phones. Under the agreement, Alphabet Inc.’s Google… Source link