Investment

AUSTIN, Texas | Apple announces plan to build $1 billion campus in Texas

AUSTIN, Texas — Apple says it plans to build a $1 billion campus in Austin, Texas. The company released a statement early Thursday saying its plans also include establishing locations in Seattle, San Diego and Culver City, California, with more than 1,000 employees at each. The tech giant, which is based in Cupertino, California, says … Continue reading AUSTIN, Texas | Apple announces plan to build $1 billion campus in Texas

NEW YORK | Amazon touted as big win for NY, but math is more complex

NEW YORK — New York officials tout their deal to land a new Amazon headquarters as can’t-miss math. The city and state put up $2.8 billion in tax breaks and grants. In return, they get an economic engine expected to generate $27 billion in new tax money over a quarter-century. “This is a big moneymaker … Continue reading NEW YORK | Amazon touted as big win for NY, but math is more complex

MILAN | As GM cuts in US, Fiat Chrysler invests in Italian plants

MILAN — Fiat Chrysler Automobiles said Thursday that its plants in Italy would return to full employment with a 5 billion-euro ($5.7 billion) investment in new cars and engine technology, including a fully electric version of the 500 city car and a plug-in hybrid Alfa Romeo compact utility vehicle. In a plan that contrasts with … Continue reading MILAN | As GM cuts in US, Fiat Chrysler invests in Italian plants

JOHANNESBURG | South African president praises German investment

JOHANNESBURG  — South Africa‘s president says Germany is an important economic partner which he hopes will expand its investment here. President Cyril Ramaphosa was speaking Tuesday in Cape Town to mark the end of the three-day state visit of German President Frank-Walter Steinmeier. Ramaphosa said Germany is South Africa’s third-largest global trading partner and one … Continue reading JOHANNESBURG | South African president praises German investment

DETROIT | Cleveland Cavaliers owner selling Detroit casino in $1B deal

DETROIT — Businessman and Cleveland Cavaliers owner Dan Gilbert has reached a $1 billion agreement to sell the Greektown Casino-Hotel in downtown Detroit, one of the city’s three casinos, companies involved in the deal announced Wednesday. Gilbert’s Detroit-based JACK Entertainment said it planned to sell the casino to Pennsylvania-based Penn National Gaming and New York-based … Continue reading DETROIT | Cleveland Cavaliers owner selling Detroit casino in $1B deal

SHANGHAI | Import extravaganza highlights China’s promise, challenges

SHANGHAI — Visitors to a vast trade fair meant to rebrand China as a welcoming import market could sip Moroccan wine, ogle Italian yachts and watch a Japanese industrial robot play ping-pong. The communist government’s marketing extravaganza in Shanghai this week involved 3,600 companies from 152 countries. It showcases the promise and challenges of China’s … Continue reading SHANGHAI | Import extravaganza highlights China’s promise, challenges

BISMARCK, N.D. | Company gauges interest for boosting Dakota Access capacity

BISMARCK, N.D. — The developer of the Dakota Access pipeline is gauging shippers’ interest in a possible expansion of the volume of crude oil moved through the pipeline from 500,000 barrels to 570,000 barrels per day, despite ongoing tribal efforts to shut the pipeline down. Texas-based Energy Transfer Partners began seeking commitments from shippers to … Continue reading BISMARCK, N.D. | Company gauges interest for boosting Dakota Access capacity