Steel Columns Buckle at Manhattan Office-to-Apartment Project Site

 

New York: Two steel columns buckled this week inside the former Pfizer headquarters in midtown Manhattan, prompting evacuations and halting work on one of the nation's largest office-to-apartment conversions. Crews installed temporary supports on the 21st floor while officials paused construction and began an investigation to assess structural safety before...

New York: SK Hynix Nasdaq listing seven-times oversubscribed

 

Global semiconductor stocks rallied as investors focused on artificial intelligence demand and SK Hynix’s upcoming Nasdaq listing, despite ongoing geopolitical tensions in the Middle East. People familiar with the deal said the U.S. offering is more than seven times oversubscribed ahead of its planned debut on Friday, July 10, 2026,...

Germany: Volkswagen weighs 100,000 job cuts, plant closures

 

Volkswagen Group’s supervisory board met Thursday, July 9, 2026, in Wolfsburg, Germany, to examine a sweeping restructuring plan put forward by CEO Oliver Blume. According to internal sources, the proposal under consideration includes cutting up to 100,000 jobs worldwide and permanently closing four major German production plants. The plans have...

United States Micron raises chip investment to $250bn

 

Micron Technology said on July 9 it will invest more than $250 billion in U.S. semiconductor manufacturing facilities and supply-chain infrastructure through 2035, increasing its previous $200 billion plan by $50 billion. The company highlighted its New York State manufacturing campus, which is running over a quarter ahead of schedule...

United States snack giant PepsiCo cuts prices

 

United States – PepsiCo has announced a 15% price cut on selected snack products in the U.S. market after the company recorded slowing consumer demand linked to rising inflation. The company says Americans are buying fewer snacks as household budgets come under pressure from higher living costs and families look...

Regulators Secure Right-to-Repair Settlement With Deere

 

LANSING, Mich. Michigan Attorney General Dana Nessel and the Federal Trade Commission, joined by a coalition of five states, announced this week a settlement with Deere & Company requiring the manufacturer to grant farmers and independent repair providers expanded access to diagnostic tools, software capabilities, and technical manuals to perform...

Virginia Climbs to No.3 in CNBC Business Rankings

 

RICHMOND, Va. — Virginia rose one spot to No. 3 in CNBC's annual 'Top States for Business' ranking, published Thursday, July 9, 2026, after scoring 1,595 points across ten categories under a methodology that placed greater weight on infrastructure than in the prior year. The commonwealth ranked second in infrastructure,...

Georgia regulators open probe into data center charges

 

ATLANTA — The Georgia Public Service Commission voted Tuesday to open an investigation into whether Georgia Power's largest industrial customers, including data centers on the company's Real Time Pricing rate, have shifted certain fuel and cleanup costs onto residential customers; the action follows a May agreement that slightly reduced residential...

Ohio Tops CNBC Ranking as Nation's Best Business State

 

Columbus, Ohio. CNBC named Ohio the No. 1 state for business in its 2026 "America's Top States for Business" rankings, a first-time top finish announced in early July 2026. State officials including Gov. Mike DeWine, Lt. Gov. Jim Tressel and JobsOhio leaders cited multi-year investments and a rise from No....

Dallas exchange opens as limited trading phase begins

 

Dallas, Texas. The Texas Stock Exchange opened earlier this week after receiving SEC approval and organizers said it will offer a lower-cost, more flexible listing venue. The Dallas-based exchange announced a limited public trading phase set to begin Thursday and will start live trading the first five securities following initial...