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Trump says US is taking a 10 percent stake in Intel

Intel agrees to U.S. government stake, Trump says. Why it may not be the last chip company to do so.

Intel has agreed to the U.S. government taking a stake in the chip maker, President Donald Trump said Friday, not long after he met with the company’s chief executive after initially calling for him to resign.

The Associated Press on MSN · 57m

Trump says Intel agreed to give US a stake in its company

WASHINGTON (AP) — President Donald Trump said that Intel has agreed to give the U.S. government a 10% stake in its business. Speaking with reporters on Friday, Trump said the deal came out of a meeting last week with Intel CEO Lip Bu Tan — which came days after the president called for Tan to resign over his past ties to China.

Wall Street Journal · 2h

Intel Stock Adds to Gains After Reports on U.S. Taking Equity Stake in the Company

Intel shares were up about 6% on the day, adding to earlier gains after reports that President Trump is set to announce the U.S. government is taking a nearly 10% stake in troubled chipmaker. The investment would cap a two-week frenzy in Washington over the future of the company.

Elon Musk’s New Software Company Is the Opposite of Microsoft

Elon Musk, the world’s wealthiest gooner, has a new software company. And in typical Musk fashion, he’s given it a name that ...

28mon MSN

Will Temple University and Library Company of Philadelphia become one? Merger talks are nearing completion.

While Library Company leadership assures that the organization will protect its integrity and ethos, some shareholders are ...

3hon MSN

Consumer watchdog ends investigation into buy now, pay later company linked to Donald Trump Jr.

WASHINGTON (AP) — The Consumer Financial Protection Bureau has dropped an investigation into a buy now, pay later company ...

8hon MSN

Could Uber Become a Trillion-Dollar Company One Day?

Here's the math investors need to consider. At a $1 trillion market cap, and assuming a price-to-earnings multiple of 20 to ...

16hon MSN

Musk tried to get Zuckerberg on board to buy OpenAI, says the AI company

Elon Musk wanted Mark Zuckerberg to join him in his bid to buy OpenAI, the startup said in a court filing on Thursday.

10hon MSN

A Vegas company wants to build a glamping resort near Joshua Tree National Park. Locals sued

Twentynine Palms faces a lawsuit over Ofland hotel, a planned luxury resort. Opponents say the project did not adequately ...

3hon MSN

Bankruptcy records link owners of troubled HOA management company in Colorado to new company

The saga continues six months after an HOA management company denied to CBS Colorado and homeowners that it was the same ...

9hon MSN

Popcorn company staffs workers with developmental disabilities

Highland Popcorn founder Shamus O'Meara joins 'Fox & Friends First' from the Minnesota State Fair to discuss his mission to ...

11hon MSN

Serbia's NIS oil company seeks sixth reprieve from US sanctions, report says

Russian-owned Serbian oil company NIS has asked the United States for a sixth waiver from sanctions that could cut its crude ...

Parent company of two Italian restaurant chains files for bankruptcy

With “minimal disruption to operations,” the filing will allow the company to reorganize by “closing underperforming locations, restructuring debt, and streamlining and reducing operational expenses.” ...

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