Intel to cut 15% of workforce, reports quarterly guidance miss
Economy

Intel to cut 15% of workforce, reports quarterly guidance miss

Intel CEO Pat Gelsinger holds a sample of a wafer during his keynote speech at the Computex conference in Taipei on June 4, 2024. I-hwa Cheng | AFP | Getty Images Intel shares slid as much as 20% in extended trading on Thursday after the chipmaker said it would lay off over 15% of its […]

The Show Must Go On: Putting On A Tony Awards Telecast During A Writers’ Strike
World

The Show Must Go On: Putting On A Tony Awards Telecast During A Writers’ Strike

NEW YORK (AP) — The intimate, funny-sad musical “Kimberly Akimbo” nudged aside splashier rivals on Sunday to win the musical crown at the Tony Awards on a night when Broadway flexed its creative muscle amid the Hollywood writers’ strike and made history with laurels for nonbinary actors J. Harrison Ghee and Alex Newell.“Kimberly Akimbo,” with… […]

Section of heavily traveled I-95 collapses in Philadelphia after tanker truck catches fire
World

Section of heavily traveled I-95 collapses in Philadelphia after tanker truck catches fire

PHILADELPHIA (AP) — An elevated section of Interstate 95 collapsed early Sunday in Philadelphia after a tanker truck carrying flammable cargo caught fire, closing a heavily traveled segment of the East Coast’s main north-south highway indefinitely, authorities said.Transportation officials warned of extensive delays and street closures and urged drivers to avoid the area in the… […]

Venezuela’s PDVSA resumes operations at El Palito refinery unit, sources say
Business

Venezuela’s PDVSA resumes operations at El Palito refinery unit, sources say

VALENCIA/CARACAS, June 11 (Reuters) – Venezuela’s state energy company Petroleos de Venezuela PDVSA (PDVSA.UL) has resumed operation at the catalytic cracking unit at the El Palito refinery, a government-allied legislator and seven sources familiar with the matter told Reuters on Sunday.The refinery’s reactivation, almost one year after its stoppage, is a key move to alleviate… […]

Pakistan PM says first discounted Russian crude oil cargo arrives in Karachi
Business

Pakistan PM says first discounted Russian crude oil cargo arrives in Karachi

[1/2] A view of the Russian oil cargo Pure Point, carrying crude oil, is seen anchored at the port in Karachi, Pakistan June 11, 2023. REUTERS/Karachi Port Trust/Handout via REUTERSJune 11 (Reuters) – (This June 11 story has been refiled to correct the reporter’s name)Pakistan’s Prime Minister Shehbaz Sharif on Sunday said the first cargo… […]