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(RTTNews) - Intel Corp. shares were hit by wider operating loss in its chipmaking unit Intel Foundry for fiscal 2023, and the company's warning th...
Intel announced a new financial reporting structure designed to drive increased cost discipline and higher returns by providing greater transparency, accountability and incentives.
Sales at Intel Foundry, a new division of the company responsible for manufacturing, dropped from $27.5 billion to $18.9 billion
But the US silicon giant says it will still pump $100 billion into its domestic chipmaking plans as part of its long-term turnaround plan.
Shares of Blue Owl Capital Inc. (OWL) are climbing over 6 percent on Wednesday morning following the announcement of a definitive acquisition agreement to acquire Kuvare Insurance Services LPA for $750 million.