Business

Business

Seeing no China progress, Boeing eyes other prospective MAX buyers

Boeing is in talks with other customers about taking 737 MAX planes originally built for Chinese companies. Boeing said Wednesday it is seeking other potential customers for its 737 MAX because China is still not taking delivery of the jetliners it has ordered. Chief Financial Officer Brian West said the...
Business

Chip makers offer big investments as they jockey for federal aid

Credit: CC0 Public Domain The world's top semiconductor makers have announced in recent months long-term U.S. investments that could rise to more than $400 billion, citing support from a new federal aid program for which the rules have yet to be written. Intel, Micron, IBM, Samsung, Taiwan Semiconductor Manufacturing Co....
Business

Facebook parent Meta’s revenue, profit decline amid ad slump

A car passes Facebook's new Meta logo on a sign at the company headquarters on Oct. 28, 2021, in Menlo Park, Calif. Facebook parent Meta on Wednesday, Oct. 26, 2022, reported that its revenue declined for a second consecutive quarter, hurt by falling advertising revenue amid competition from the wildly...
Business

Samsung Electronics says Q3 operating profit down 31% on-year

Samsung Electronics reported its first year-on-year decline in operating profit in three years on Thursday. South Korean tech giant Samsung Electronics on Thursday said its third-quarter operating profits were down 31.39 percent year on year after a global economic downturn hit demand for consumer electronics. Earnings in its crucial memory...
Business

Musk doesn’t seek a ‘free-for-all hellscape’ for Twitter

This image from the Twitter page of Elon Musk shows Musk entering Twitter headquarters carrying a sink through the lobby area on Wednesday, Oct. 26, 2022 in San Francisco. Musk posted a video Wednesday showing him strolling into Twitter headquarters ahead of a Friday deadline to close his $44 billion...
Business

Call of Duty’s latest battle is between Microsoft and Sony

A man wears a bulletproof vest that is mapped in a photogrammetry room for the video game series Call of Duty on Friday, Oct. 21, 2022, at Activision Blizzard, Infinity Ward Division, in Woodland Hills, Calif. Call of Duty has been one of the best-selling video games for the past...
Business

US tech titans buffeted by economic headwinds and TikTok

Tech analyst Rob Enderle contends that Meta and Google have 'taken their eye off the ball,' leaving themselves vulnerable to TikTok and other competitors. US tech titans looking to the future are seeing growth take a beating in the face of foreign competition and a tough economy in the here...
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