ConocoPhillips Is an American multinational corporation founded in 2002 and headquartered in Houston, Texas. It specializes in hydrocarbon exploration and production. According to reports, ConocoPhillips has announced plans to buy Marathon Oil in an all-stock deal worth $22.5 billion USD, including about $5.4 billion of debt as it aims to add high-quality, low-cost supply inventory,…
Campbell To Layoff 415
The Campbell Soup Company, also known as Campbell’s, is an American company founded in 1869 and headquartered in Camden, New Jersey. The company produces canned soup products, baked goods, beverages, and snacks. It is one of the largest processed food companies in the United States. According to reports, Campbell’s has announced plans to lay off…
T-Mobile: $4.4 Billion U.S Cellular Deal
T-Mobile, the American wireless network operator, has announced plans to buy almost all of United States Cellular’s wireless operations for $4.4 billion USD. This deal will allow US Cellular to retain 70% of its spectrum portfolio, ownership of 4,400 towers, and equity-method investments. It will also grant T-Mobile a long-term lease to 2,600 towers. The…
Malaysia: $107 Billion Semiconductor Investment
Malaysia has announced it’s targeting a $107 billion investment in its semiconductor industry as it aims to position its self as a global manufacturing hub. Malaysia’s semiconductor industry accounts for 13% of global testing and packaging. This investment will be used for integrated circuit design, advanced packaging and manufacturing equipment for semiconductor chips. The report…
ITU: $4.8 Billion Investment
ITU, The International Telecommunication Union, is a specialized agency of the United Nations. It was founded in 1865 as the International Telegraph Union and is headquartered in Geneva, Switzerland. It is responsible for many matters related to information and communication technologies. It is also one of the oldest UN agencies. According to reports, ITU has…
China: $47.5 Billion Chip Industry Investment
China has announced plans to invest $47.5 billion USD into its chip industry, the country’s largest ever semiconductor investment. This deal is aimed at boosting the country’s chip production and reducing its reliance on foreign suppliers. It is also part of the Made in China 2025 initiative, which aims to make the country a global…
IKEA: $4.5 Million Investment In Australia
IKEA is a Swedish multinational conglomerate that specializes in affordable, stylish, and functional home furnishings and accessories, kitchen appliances, and various other goods and home services. It was founded in 1943 and is headquartered in the Netherlands. As of 2008, IKEA has been the world’s largest furniture retailer. According to reports, IKEA has announced plans…
Lucid Motors To Layoff 6%
Lucid Motors has announced plans to lay off 6% of its workforce, which amounts to 400 employees, as a result of slow growth in the electric vehicle industry. The report further mentions that the layoffs will cost the company $21 million to $25 million USD and are expected to be completed by the end of…
AWS: $17 Billion Investment In Spain
AWS, Amazon Web Services, has announced plans to invest $17 billion USD to expand its data centers in Spain. The investment is expected to create 6,800 jobs in the Aragon region of Spain and contribute $24 billion USD to Spain’s GDP over the next decade. It will also support 17,500 jobs in local businesses. The…
Foursquare To Layoff 105
Foursquare Labs Inc., also known as Foursquare, is a technology company founded in 2009 and headquartered in New York. It specializes in location intelligence and data analysis. The company is known for its mobile app, Foursquare City Guide that allows users discover and share information about businesses, venues and point of interest. According to reports,…