U.S. to Bar Investment in Chinese AI Giant, Weighs Curbs on Chip Maker
The focus on SenseTime and Semiconductor Manufacturing International is part of a broader Biden administration effort against China's tech firms.
Costco Sales Rise During Start of Holiday Season
The warehouse retailer is navigating rising costs and shipping snarls that mean some toys will reach its stores after Christmas.
Starbucks Workers at Buffalo-Area Store Vote in Favor of Unionizing
Baristas voted to form the first labor union at one of the coffee giant's own U.S. cafes in its 50-year history.
WSJ to Launch Commerce Initiative With Product Recommendations
The Wall Street Journal plans to launch a commerce offering that will give users advice on which products and services to buy.
GE, Union Pacific Suspend Vaccination Mandates After Injunction
A federal judge on Tuesday issued a nationwide preliminary injunction after concluding that federal procurement law didn't give the administration the clear authority to impose the vaccine rules for contractors.
Fortescue Seeks New CEO as It Pivots to Alternative Energy
Fortescue Metals Group has begun to search for a successor to Chief Executive Elizabeth Gaines, who will shift into a nonexecutive director role as the iron-ore miner seeks to expand into low-carbon energy.
Oracle's stock rises 6% on sales, earnings beat
Additionally, Oracle's board of directors increased the authorization for share repurchases by $10 billion, and declared a quarterly cash dividend of 32 cents a share of outstanding common stock.
Tyson Foods Ramps Up Meat-Plant Automation Plans
The poultry giant said it plans to spend about $1.3 billion to automate parts of its production lines over the next three years, as meatpackers struggle with a nationwide labor shortage.
Aerospace Firms Probed Over Alleged No-Poach Deals
Case against former Pratt & Whitney manager comes amid Justice Department push to crack down on agreements limiting wages, mobility.
Amtrak Plans to Reduce Service if Vaccine Mandate Is Upheld
Amtrak said it expects it won't be able to operate all of its scheduled passenger trains when its vaccine mandate goes into effect in January.
(END) Dow Jones Newswires
12-09-21 1915ET
