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The U.S. Department of Commerce announced Jan. 6 that Arizona has been selected for the third of three CHIPS for America research and development flagship facilities.

“I want to have a stake in something that I’m going to be involved in,” Alan Kestenbaum said Jan. 27 in an interview. “If I get the chance to run the show, I’ll invest in myself.”

Covenant reported a profit of $6.7 million or earnings per diluted share of 24 cents in Q4, just over half the $12.8 million or 47 cents per diluted share profit posted in Q4 2023.

The U.S. EPA awarded the Port of New Orleans $1 million to pay for a sustainability plan to assist with building the multimodal Louisiana International Terminal container facility.

Minnesota carrier aims to meet the growing needs of existing shippers, particularly in industries requiring transportation of construction materials, machinery and equipment.

Oil traders expect OPEC+ to stick with its current supply policy at a review meeting next week, resisting pressure from President Donald Trump to open the taps and bring down crude prices.

Kia America Inc. has announced a recall of more than 80,000 Kia vehicles due to improper floor wiring that may impact the vehicle’s air bag deployment.

Nissan plans to repair its flailing business without closing factories, according to people familiar with the matter, as it looks to streamline its finances before a capital tie-up with Honda.

Diversified Energy agreed to acquire Texas-based energy producer Maverick Natural Resources to expand its scale as U.S. President Donald Trump makes higher oil production a key priority.