Business Stories from February 15, 2022 (Change date)
-
Judge backs Lee Enterprises rejection of hedge fund nomineesFeb 15, 2022 6:00 am - OMAHA, Neb. (AP) - Lee Enterprises' effort to repel a hostile takeover got a boost this week when a judge ruled the newspaper publisher could ignore two board nomination...
-
Intel says it will buy Tower Semiconductor for $5.4 billionFeb 15, 2022 6:00 am - SANTA CLARA, Calif. (AP) - Intel said it is buying Israeli company Tower Semiconductor for $5.4 billion in a deal that could give the California chipmaking giant an edge...
-
Airbnb posts $55 million 4Q profit, revenue above 2019Feb 15, 2022 6:00 am - Airbnb reported a $55 million profit for the fourth quarter, reversing a huge loss a year earlier, as its revenue soared above pre-pandemic levels. The San Francisco-bas...
-
Elon Musk gives about $5.7 billion in Tesla stock to charityFeb 15, 2022 6:00 am - DETROIT (AP) - Tesla CEO Elon Musk donated about 5 million shares of company stock worth roughly $5.7 billion to an unidentified charity in November, according to a regu...
-
January wholesale inflation surged 9.7% from a year agoFeb 15, 2022 6:00 am - WASHINGTON (AP) - Wholesale inflation in the United States surged again last month, rising 9.7% from a year earlier in a sign that price pressures remain high at all lev...
-
Glencore nets $5B last year as demand for commodities soaredFeb 15, 2022 6:00 am - GENEVA (AP) - Swiss-based minerals and mining giant Glencore on Tuesday reported $5 billion in net profits in 2021, bouncing back from an annual loss a year earlier and ...
-
Japan's Kirin to withdraw from its Myanmar brewery ventureFeb 15, 2022 6:00 am - BANGKOK (AP) - Japanese beverage giant Kirin Holdings decided to withdraw from its joint venture in Myanmar after deciding that staying was not benefiting its workers. ...
-
Closing prices for crude oil, gold and other commoditiesFeb 15, 2022 6:00 am - Benchmark U.S. crude oil for March delivery fell $3.39 to $92.07 a barrel Tuesday. Brent crude for April delivery fell $3.20 to $93.28 a barrel. Wholesale gasoline for M...
-
Elgin council approves redevelopment of east side gas station to liquor storeFeb 15, 2022 12:00 am - A million-dollar plan to transform a rundown gas station on Elgin's east side into a new liquor store cleared one hurdle last week. But the developer still needs to conv...
-
Rosemont hikes tax on tickets to pay for more security at large eventsFeb 15, 2022 12:00 am - Starting next month, expect to pay an extra penny on the dollar to attend a Chicago Wolves game, concert or other ticketed event in Rosemont, which is hiking its local a...