News Highlights: Top Company News of the Day
Micron to Spend Up to $100 Billion on Chip Factory in New York
The chip maker plans to build the largest semiconductor
fabrication facility in the U.S., increasing domestic chip supply
and creating nearly 50,000 jobs in New York.
Ford's U.S. Sales Fell 9% in September
The auto maker said U.S. sales of trucks, which made up nearly
half of its U.S. monthly sales, dropped more than 18%, offsetting a
surge in sales of its electric vehicles.
GM Adds Former Tesla, Lyft Executive to Board
Jonathan McNeill was a top executive at the ride-share company
and the electric-vehicle maker.
Apple Told to Ditch Unique iPhone Charger in EU
A new law that mandates a common standard for phone chargers to
cut waste will effectively ban sales of products that use the
company's Lightning power charging ports.
Shell CEO Expects More Taxes on Oil Industry
Ben van Beurden said he expects to see the additional taxes on
the oil-and-gas industry as a way of helping to protect consumers
from high energy prices.
U.S. Electric-Vehicle Tax Rules Rile Asian, European Allies
The EU, Japan and South Korea say provisions in the U.S.
legislation to promote clean energy discriminate against their auto
makers and might violate World Trade Organization rules.
Apple Suppliers Add Manufacturing Sites in U.S.
Partners of the iPhone maker seek to stay nearby as the pandemic
has made travel to China difficult.
Long-Duration Battery Startup Form Energy Raises $450 Million
Form Energy is accelerating development of iron-air batteries
that could store clean power for several days following the
Inflation Reduction Act.
India's Tech Regulation Onslaught Poses Dilemma for U.S. Firms
India wants to form a government panel that will have the power
to overturn social-media companies' content moderation
Bayer Racks Up Wins as It Battles Remaining Roundup Lawsuits
Bayer recently won five consecutive cases over its Roundup
weedkiller, a change after several juries had held it responsible
for causing cancer and the company set aside about $16 billion for
(END) Dow Jones Newswires
October 04, 2022 11:15 ET (15:15 GMT)
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