Reuters US Business

By Jessica DiNapoli and Arriana McLymore NEW YORK (Reuters) -A major supplier of toys to Walmart and Target is accelerating its shift out of China as it reshapes production amid President Donald Trump’s intensifying trade war with the country. California-based MGA Entertainment, which makes its Bratz and L.O.L. Surprise! dolls and other toys primarily in …

Exclusive-Major US toymaker speeds up plan to move manufacturing out of China Read More »

By Arriana McLymore and Helen Reid NEWARK, New Jersey (Reuters) – President Donald Trump’s Made in America push is prompting some U.S. clothing retailers to expand domestic production of everything from T-shirts to coats and suits, several executives told Reuters this week.  But limited capacity makes a large-scale shift to U.S. production unlikely, and American-made …

Why a major shift to US clothing production is unlikely Read More »

By Jonathan Stempel (Reuters) -News Corp has been sued by Google search engine rival Brave Software, which seeks to forestall a lawsuit by Rupert Murdoch’s company for when readers are directed to copyrighted articles from the Wall Street Journal and New York Post. In a Wednesday night complaint filed in San Francisco federal court, Brave …

News Corp sued by Brave Software, a Google search engine rival Read More »

By Laila Kearney HOUSTON (Reuters) – The rapid development of AI data centers is intensifying concerns about how well an aging U.S. electrical grid can hold up to that demand, energy executives and regulators said at the CERAWeek conference in Houston this week. The build-out of Big Tech’s giant computer warehouses, which at a single …

Data center build-out stokes fears of overburdening biggest US grid Read More »

(Reuters) -A top United Arab Emirates official plans to visit Washington to press for easier access to American technology and discuss investment in the U.S., Bloomberg News reported on Thursday, citing people familiar with the matter. Sheikh Tahnoon bin Zayed Al Nahyan, UAE’s national security adviser and brother of the country’s president, is expected to …

UAE to push for easier access to US chip technology, Blooomberg News reports Read More »

By Aditya Soni (Reuters) -Shares of Intel closed 14% higher on Thursday, as Wall Street cheered its decision to name former board member Lip-Bu Tan as CEO, who left in August over differences about the chipmaker’s direction, after several years of market underperformance. Tan will be tasked with reviving the company’s fortunes after it missed …

Intel jumps nearly 15% as investors cheer appointment of new CEO Tan Read More »