In Today’s News

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Analysis-Did Trump save Intel? Not really

SAN FRANCISCO (Reuters) -U.S. President Donald Trump is injecting nearly $9 billion into Intel in exchange for a 9.9% equity stake. But the money – which the struggling chipmaker was slated to receive anyway under a federal funding act – will not be enough for itsÂ contract-chipmaking business to flourish, … Read More »

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China proposes draft rules on internet platform pricing

The draft rules for platforms selling goods or services are meant to encourage price transparency and fairness, the National Development and Reform Commission said in a statement.Those operating on such platforms shall “agree on and change prices through standardised means such as contracts and orders,” the c … Read More »

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Featured Article

Spirit Airlines hires advisers to weigh options after revamp efforts falter, WSJ reports

The airline has enlisted financial adviser PJT Partners and is also working with consulting firms FTI and Seabury Airline Strategy Group, according to the report.The budget airline did not immediately respond to a Reuters request for comment.Spirit’s future remains uncertain just months after emerging from ba … Read More »

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Other Headlines

Paramount preparing to cut as many as 3,000 jobs by early November, Variety reports

Paramount Global and Skydance Media completed their $8.4 billion merger â announced more than a year ago â earlier this month and the combined company was renamed Paramount Skydance Corp. The layoffs will affect staff across divisions and the numbers could vary, the Variety report said.As of Decembe … Read More »

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