Stocks making the biggest moves midday: Nike, Coca-Cola, Cheesecake Factory & more

Community Health Systems — Shares of Community Health Systems surged more than 13 percent after the hospital conglomerate reported better-than-expected fourth-quarter results. Its revenue grew 13 percent to $3.453 billion, beating Wall Street consensus’ $3.383 billion, according to Refinitiv. The company reported earnings of 53 cents per share, blowing past an estimate of 37 cents, according to Refinitiv. Cheesecake Factory — Shares of Cheesecake Factory were up 6.43 percent after the company sa


Community Health Systems — Shares of Community Health Systems surged more than 13 percent after the hospital conglomerate reported better-than-expected fourth-quarter results. Its revenue grew 13 percent to $3.453 billion, beating Wall Street consensus’ $3.383 billion, according to Refinitiv. The company reported earnings of 53 cents per share, blowing past an estimate of 37 cents, according to Refinitiv. Cheesecake Factory — Shares of Cheesecake Factory were up 6.43 percent after the company sa
Stocks making the biggest moves midday: Nike, Coca-Cola, Cheesecake Factory & more Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-21  Authors: fred imbert, chuck liddy, tribune news service, getty images
Keywords: news, cnbc, companies, moves, share, fourthquarter, stocks, cheesecake, biggest, midday, company, revenue, estimate, nike, factory, 13, cocacola, making, cents, surged, shares, earnings


Stocks making the biggest moves midday: Nike, Coca-Cola, Cheesecake Factory & more

Check out the companies making headlines midday Thursday:

Career Education Corporation —The for-profit education company reported better-than-expected adjusted earnings per share and revenue for the fourth quarter, sending its stock up more than 21 percent. The company’s full-year operating income guidance also topped analyst expectations.

Community Health Systems — Shares of Community Health Systems surged more than 13 percent after the hospital conglomerate reported better-than-expected fourth-quarter results. Its revenue grew 13 percent to $3.453 billion, beating Wall Street consensus’ $3.383 billion, according to Refinitiv. Although the company posted a $0.42 loss per share, the result was better than the estimate of $0.6 loss per share.

Avis Budget Group — Shares of Avis Budget surged 16.56 percent after the car rental company posted fourth-quarter results that easily beat analyst expectations. The company reported earnings of 53 cents per share, blowing past an estimate of 37 cents, according to Refinitiv. Avis’ revenue also beat estimates.

Kandi Technologies Group — Shares of the Chinese electric car maker rose nearly 7 percent, adding to a 34.3 percent gain from the previous session. Kandi recently got approval to import two of its electric cars to the U.S.

Cheesecake Factory — Shares of Cheesecake Factory were up 6.43 percent after the company said fourth-quarter comparable store sales grew by 1.9 percent, topping an estimate of 0.8 percent.

Domino’s Pizza — Domino’s Pizza shares dropped more than 9 percent after delivering fourth-quarter results that disappointed investors. The company’s adjusted earnings per share missed a Refinitiv estimate by 7 cents; its same-store sale also grew by 2.4 percent versus expected growth of 4.1 percent.

Nike — Shares of Nike dropped 1.34 percent after Zion Williamson, a star basketball player at Duke University, broke his shoe less than a minute into a highly anticipated game against the University of North Carolina. The break led Williamson to sprain his right knee and was unable to continue playing the game.

Coca-Cola — Coca-Cola shares rose nearly 1 percent after the company raised its annual dividend to 40 cents from 39 cents a share. The company also said it will buy back 150 million shares once the current 500 million share buyback program is completed.

Boston Beer – Shares of the Sam Adams brewer surged more than 13 percent Thursday after reporting better-than-expected earnings. Though quarterly revenue come in below Wall Street estimates, the company issued an upbeat outlook for 2019, forecasting an 8 to 13 percent increase in shipments. The stock is on pace for its best day of trading since July 2017.

—CNBC’s Nadine El-Bawab, Yun Li and JR Reed contributed to this report.


Company: cnbc, Activity: cnbc, Date: 2019-02-21  Authors: fred imbert, chuck liddy, tribune news service, getty images
Keywords: news, cnbc, companies, moves, share, fourthquarter, stocks, cheesecake, biggest, midday, company, revenue, estimate, nike, factory, 13, cocacola, making, cents, surged, shares, earnings


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Stocks making the biggest moves after hours: Avis, Navient, Cheesecake Factory and more

Avis estimates 2019 revenues between $9.2 and $9.5 billion, vs. the $9.32 estimated by Wall Street. Navient’s advisors had told Canyon it would require a price of more than $15, The Wall Street Journal reported on Monday, citing people familiar with the matter. Earnings per share were 60 cents, compared to the 62 cents expected by Wall Street. Wall Street estimated earnings of 73 cents on revenue of $1.27 billion, according to Refinitiv. Beating on the top and bottom lines, the company earned $1


Avis estimates 2019 revenues between $9.2 and $9.5 billion, vs. the $9.32 estimated by Wall Street. Navient’s advisors had told Canyon it would require a price of more than $15, The Wall Street Journal reported on Monday, citing people familiar with the matter. Earnings per share were 60 cents, compared to the 62 cents expected by Wall Street. Wall Street estimated earnings of 73 cents on revenue of $1.27 billion, according to Refinitiv. Beating on the top and bottom lines, the company earned $1
Stocks making the biggest moves after hours: Avis, Navient, Cheesecake Factory and more Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-20  Authors: maggie fitzgerald, patrick t fallon, bloomberg, getty images
Keywords: news, cnbc, companies, cents, stocks, company, biggest, revenues, factory, hours, revenue, moves, street, avis, share, cheesecake, earnings, navient, refinitiv, billion, making, wall


Stocks making the biggest moves after hours: Avis, Navient, Cheesecake Factory and more

Check out the companies making headlines after the bell:

Avis Budget shares soared nearly 11 percent after hours Wednesday following the release of the rental car company’s fourth-quarter earnings beat. Earnings per share were 53 cents, beating estimates of 37 cents. Revenue was posted as $2.05 billion, compared to the $2.04 forecast by analysts surveyed by Refinitiv. Avis estimates 2019 revenues between $9.2 and $9.5 billion, vs. the $9.32 estimated by Wall Street. The company sees 2019 adjusted earnings per share between $3.35 and $4.20, vs. the expected $3.79. The stock is up more than 30 percent for the year.

Navient shares fell more than 6 percent after hours following hedge fund Canyon Capital Advisors announcement that it is no longer interested in acquiring the student loan company. Canyon has significant concerns as a shareholder of more than 10 percent of Navient’s stock. This follows a report Monday that Navient’s board voted to reject the $12.50 per share offer from Canyon. Navient’s advisors had told Canyon it would require a price of more than $15, The Wall Street Journal reported on Monday, citing people familiar with the matter.

Shares of Cheesecake Factory rose as much as 2 percent after the market close despite mostly lackluster quarterly results. The restaurant company missed on the top and bottom lines. Revenue was $585 million, missing a Refinitiv estimate of $599 million. Earnings per share were 60 cents, compared to the 62 cents expected by Wall Street. Same-store sales, however, increased 1.9%, beating estimates of a 1.1% increase.

Shares of Agilent dropped nearly 3 percent in extending trading Wednesday despite the company’s better-than-expected first-quarter earnings. The laboratory instrument manufacturer posted earnings of 76 cents per share on revenue of $1.28 billion. Wall Street estimated earnings of 73 cents on revenue of $1.27 billion, according to Refinitiv. Agilent sees 2019 adjusted earnings per share between $3.03 and $3.07, compared to the $3.05 estimate. The company sees 2019 revenues between $5.15 and $5.19 billion, vs. the expected $5.17 billion.

Shares of Jack in the Box jumped more than 3 percent in extending trading after the fast-food restaurant company released its better-than-expected first-quarter earnings. Beating on the top and bottom lines, the company earned $1.35 per share on revenues of $291 million. Analysts forecast earnings of $1.28 per share on revenues of $274 million, according to Refinitiv.


Company: cnbc, Activity: cnbc, Date: 2019-02-20  Authors: maggie fitzgerald, patrick t fallon, bloomberg, getty images
Keywords: news, cnbc, companies, cents, stocks, company, biggest, revenues, factory, hours, revenue, moves, street, avis, share, cheesecake, earnings, navient, refinitiv, billion, making, wall


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Honda confirms UK factory closure but says it’s not Brexit-related

Japanese automaker Honda confirmed Tuesday that it plans to close its Swindon car plant in the U.K., risking the loss of 3,500 jobs. CEO Takahiro Hachigo said in a press conference Tuesday the decision was part of a global restructuring plan. Hachigo also said that Honda would continue to base its European headquarters in the U.K. Meanwhile, another official from Honda told BBC radio on Tuesday that the closure was not Brexit-related, according to Reuters. “This is a devastating decision for Swi


Japanese automaker Honda confirmed Tuesday that it plans to close its Swindon car plant in the U.K., risking the loss of 3,500 jobs. CEO Takahiro Hachigo said in a press conference Tuesday the decision was part of a global restructuring plan. Hachigo also said that Honda would continue to base its European headquarters in the U.K. Meanwhile, another official from Honda told BBC radio on Tuesday that the closure was not Brexit-related, according to Reuters. “This is a devastating decision for Swi
Honda confirms UK factory closure but says it’s not Brexit-related Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-19  Authors: spriha srivastava, max nash, afp, getty images
Keywords: news, cnbc, companies, brexitrelated, close, honda, global, confirms, according, uk, swindon, clark, decision, closure, factory, plant, hachigo


Honda confirms UK factory closure but says it's not Brexit-related

Japanese automaker Honda confirmed Tuesday that it plans to close its Swindon car plant in the U.K., risking the loss of 3,500 jobs.

CEO Takahiro Hachigo said in a press conference Tuesday the decision was part of a global restructuring plan. Hachigo also said that Honda would continue to base its European headquarters in the U.K.

Meanwhile, another official from Honda told BBC radio on Tuesday that the closure was not Brexit-related, according to Reuters.

British government officials have expressed their disappointment over Honda’s decision to close its only plant in the U.K.

“The U.K. is one of the leaders in the development of these technologies and so it is deeply disappointing that this decision has been taken now,” Business Secretary Greg Clark said, according to Reuters.

“This is a devastating decision for Swindon and the U.K.,” Clark said. “This is a commercial decision based on unprecedented changes in the global market.”


Company: cnbc, Activity: cnbc, Date: 2019-02-19  Authors: spriha srivastava, max nash, afp, getty images
Keywords: news, cnbc, companies, brexitrelated, close, honda, global, confirms, according, uk, swindon, clark, decision, closure, factory, plant, hachigo


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Fire at Tesla factory in Fremont contained, won’t impact production

A fire broke out at Tesla’s car plant in Fremont, California, on Saturday night, in an area where the company stores some hazardous materials outside. While Tesla can manage some fires with its own internal brigade, the one on Saturday was contained within a few hours by the local Fremont Fire Department, and required a hazardous materials unit, Fremont Deputy Fire Chief Amiel Thurston told the East Bay Times. Tesla confirmed that no employees were injured and the fire would not impact vehicle p


A fire broke out at Tesla’s car plant in Fremont, California, on Saturday night, in an area where the company stores some hazardous materials outside. While Tesla can manage some fires with its own internal brigade, the one on Saturday was contained within a few hours by the local Fremont Fire Department, and required a hazardous materials unit, Fremont Deputy Fire Chief Amiel Thurston told the East Bay Times. Tesla confirmed that no employees were injured and the fire would not impact vehicle p
Fire at Tesla factory in Fremont contained, won’t impact production Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-17  Authors: lora kolodny, cnbc
Keywords: news, cnbc, companies, hazardous, production, factory, tesla, safety, vehicle, contained, tent, materials, ga4, wont, fremont, teslas, impact


Fire at Tesla factory in Fremont contained, won't impact production

A fire broke out at Tesla’s car plant in Fremont, California, on Saturday night, in an area where the company stores some hazardous materials outside.

While Tesla can manage some fires with its own internal brigade, the one on Saturday was contained within a few hours by the local Fremont Fire Department, and required a hazardous materials unit, Fremont Deputy Fire Chief Amiel Thurston told the East Bay Times.

Tesla confirmed that no employees were injured and the fire would not impact vehicle production.

The company has a history of frequent fires at this facility, including a significant one at its paint shop in April last year that temporarily halted electric vehicle production, and another outdoor fire (near a tent on the south side of the factory) in August.

This latest fire comes at a time when Tesla is defending its workplace safety record before California’s Division of Occupational Safety and Health.

In January, Cal-OSHA cited and fined Tesla for allegedly violating six different worker safety regulations in their “GA4” — or general assembly 4 — production line. GA4 is where workers produce some of Tesla’s Model 3 electric sedans under a giant tent structure. Tesla plans to appeal those citations.


Company: cnbc, Activity: cnbc, Date: 2019-02-17  Authors: lora kolodny, cnbc
Keywords: news, cnbc, companies, hazardous, production, factory, tesla, safety, vehicle, contained, tent, materials, ga4, wont, fremont, teslas, impact


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Fire at Tesla factory in Fremont contained, won’t impact production

A fire broke out at Tesla’s car plant in Fremont, California, on Saturday night, in an area where the company stores some hazardous materials outside. While Tesla can manage some fires with its own internal brigade, the one on Saturday was contained within a few hours by the local Fremont Fire Department, and required a hazardous materials unit, Fremont Deputy Fire Chief Amiel Thurston told the East Bay Times. Tesla confirmed that no employees were injured and the fire would not impact vehicle p


A fire broke out at Tesla’s car plant in Fremont, California, on Saturday night, in an area where the company stores some hazardous materials outside. While Tesla can manage some fires with its own internal brigade, the one on Saturday was contained within a few hours by the local Fremont Fire Department, and required a hazardous materials unit, Fremont Deputy Fire Chief Amiel Thurston told the East Bay Times. Tesla confirmed that no employees were injured and the fire would not impact vehicle p
Fire at Tesla factory in Fremont contained, won’t impact production Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-17  Authors: lora kolodny, cnbc
Keywords: news, cnbc, companies, hazardous, production, factory, tesla, safety, vehicle, contained, tent, materials, ga4, wont, fremont, teslas, impact


Fire at Tesla factory in Fremont contained, won't impact production

A fire broke out at Tesla’s car plant in Fremont, California, on Saturday night, in an area where the company stores some hazardous materials outside.

While Tesla can manage some fires with its own internal brigade, the one on Saturday was contained within a few hours by the local Fremont Fire Department, and required a hazardous materials unit, Fremont Deputy Fire Chief Amiel Thurston told the East Bay Times.

Tesla confirmed that no employees were injured and the fire would not impact vehicle production.

The company has a history of frequent fires at this facility, including a significant one at its paint shop in April last year that temporarily halted electric vehicle production, and another outdoor fire (near a tent on the south side of the factory) in August.

This latest fire comes at a time when Tesla is defending its workplace safety record before California’s Division of Occupational Safety and Health.

In January, Cal-OSHA cited and fined Tesla for allegedly violating six different worker safety regulations in their “GA4” — or general assembly 4 — production line. GA4 is where workers produce some of Tesla’s Model 3 electric sedans under a giant tent structure. Tesla plans to appeal those citations.


Company: cnbc, Activity: cnbc, Date: 2019-02-17  Authors: lora kolodny, cnbc
Keywords: news, cnbc, companies, hazardous, production, factory, tesla, safety, vehicle, contained, tent, materials, ga4, wont, fremont, teslas, impact


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BMW’s US boss slams tariffs as South Carolina factory approaches record production numbers

BMW’s North American boss has some tough words on tariffs, as automakers await a potentially pivotal decision on tariffs from the Trump administration. The tariffs for most light vehicles is now at 2.5 percent, and there is a long-standing 25 percent tariff on imported pickup trucks. BMW is a German company that both imports vehicles into the United States and exports them out, many from a factory in Spartanburg, South Carolina — BMW’s largest globally. BMW says it is the largest U.S. exporter o


BMW’s North American boss has some tough words on tariffs, as automakers await a potentially pivotal decision on tariffs from the Trump administration. The tariffs for most light vehicles is now at 2.5 percent, and there is a long-standing 25 percent tariff on imported pickup trucks. BMW is a German company that both imports vehicles into the United States and exports them out, many from a factory in Spartanburg, South Carolina — BMW’s largest globally. BMW says it is the largest U.S. exporter o
BMW’s US boss slams tariffs as South Carolina factory approaches record production numbers Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-13  Authors: robert ferris, meghan reeder
Keywords: news, cnbc, companies, slams, carolina, boss, south, 25, bmws, total, north, factory, vehicles, states, tariffs, largest, good, united, numbers, record, production


BMW's US boss slams tariffs as South Carolina factory approaches record production numbers

BMW’s North American boss has some tough words on tariffs, as automakers await a potentially pivotal decision on tariffs from the Trump administration.

The U.S. Commerce Department is expected to deliver a report within days that many industry experts say could deem auto imports into the United States a threat to national security and seek tariffs as high as 25 percent on all vehicles imported into the U.S. The tariffs for most light vehicles is now at 2.5 percent, and there is a long-standing 25 percent tariff on imported pickup trucks.

“If tariffs go up, it’s not good for the consumer it’s not good for our dealer network it is not good for the economy in total,” said Bernhard Kuhnt, CEO of BMW North America told CNBC on Wednesday.

“I’m not at politician, but we’ll deal with the consequences,” he added.

BMW is a German company that both imports vehicles into the United States and exports them out, many from a factory in Spartanburg, South Carolina — BMW’s largest globally. The automaker is expanding production at the plant and expects to hit a near-record level of production this year of more than 450,000 vehicles, most of them premium sport utility vehicles and crossovers which quickly growing in popularity with buyers both in the United States and around the world. BMW says it is the largest U.S. exporter of vehicles in terms of total sales. It exported $8.8 billion in vehicles in 2017, according to the Commerce Department.


Company: cnbc, Activity: cnbc, Date: 2019-02-13  Authors: robert ferris, meghan reeder
Keywords: news, cnbc, companies, slams, carolina, boss, south, 25, bmws, total, north, factory, vehicles, states, tariffs, largest, good, united, numbers, record, production


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BMW’s US boss slams tariffs as South Carolina factory approaches record production numbers

BMW’s North American boss has some tough words on tariffs, as automakers await a potentially pivotal decision on tariffs from the Trump administration. The tariffs for most light vehicles is now at 2.5 percent, and there is a long-standing 25 percent tariff on imported pickup trucks. BMW is a German company that both imports vehicles into the United States and exports them out, many from a factory in Spartanburg, South Carolina — BMW’s largest globally. BMW says it is the largest U.S. exporter o


BMW’s North American boss has some tough words on tariffs, as automakers await a potentially pivotal decision on tariffs from the Trump administration. The tariffs for most light vehicles is now at 2.5 percent, and there is a long-standing 25 percent tariff on imported pickup trucks. BMW is a German company that both imports vehicles into the United States and exports them out, many from a factory in Spartanburg, South Carolina — BMW’s largest globally. BMW says it is the largest U.S. exporter o
BMW’s US boss slams tariffs as South Carolina factory approaches record production numbers Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-13  Authors: robert ferris, meghan reeder
Keywords: news, cnbc, companies, slams, carolina, boss, south, 25, bmws, total, north, factory, vehicles, states, tariffs, largest, good, united, numbers, record, production


BMW's US boss slams tariffs as South Carolina factory approaches record production numbers

BMW’s North American boss has some tough words on tariffs, as automakers await a potentially pivotal decision on tariffs from the Trump administration.

The U.S. Commerce Department is expected to deliver a report within days that many industry experts say could deem auto imports into the United States a threat to national security and seek tariffs as high as 25 percent on all vehicles imported into the U.S. The tariffs for most light vehicles is now at 2.5 percent, and there is a long-standing 25 percent tariff on imported pickup trucks.

“If tariffs go up, it’s not good for the consumer it’s not good for our dealer network it is not good for the economy in total,” said Bernhard Kuhnt, CEO of BMW North America told CNBC on Wednesday.

“I’m not at politician, but we’ll deal with the consequences,” he added.

BMW is a German company that both imports vehicles into the United States and exports them out, many from a factory in Spartanburg, South Carolina — BMW’s largest globally. The automaker is expanding production at the plant and expects to hit a near-record level of production this year of more than 450,000 vehicles, most of them premium sport utility vehicles and crossovers which quickly growing in popularity with buyers both in the United States and around the world. BMW says it is the largest U.S. exporter of vehicles in terms of total sales. It exported $8.8 billion in vehicles in 2017, according to the Commerce Department.


Company: cnbc, Activity: cnbc, Date: 2019-02-13  Authors: robert ferris, meghan reeder
Keywords: news, cnbc, companies, slams, carolina, boss, south, 25, bmws, total, north, factory, vehicles, states, tariffs, largest, good, united, numbers, record, production


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A rare look inside the factory that makes iPhone’s Gorilla Glass

A rare look inside the factory that makes iPhone’s Gorilla Glass19 Hours AgoCNBC got an inside look at Corning’s oldest glass factory in Harrodsburg, Kentucky where Gorilla Glass is made. Corning makes the glass that covers 6 billion smartphones, tablets, screens and wearables worldwide for Apple, Samsung, LG, Sony, Huawei and a variety of other manufacturers.


A rare look inside the factory that makes iPhone’s Gorilla Glass19 Hours AgoCNBC got an inside look at Corning’s oldest glass factory in Harrodsburg, Kentucky where Gorilla Glass is made. Corning makes the glass that covers 6 billion smartphones, tablets, screens and wearables worldwide for Apple, Samsung, LG, Sony, Huawei and a variety of other manufacturers.
A rare look inside the factory that makes iPhone’s Gorilla Glass Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-09  Authors: cnbc, andrew evers
Keywords: news, cnbc, companies, variety, iphones, makes, tablets, look, glass, inside, factory, worldwide, gorilla, rare, wearables


A rare look inside the factory that makes iPhone's Gorilla Glass

A rare look inside the factory that makes iPhone’s Gorilla Glass

19 Hours Ago

CNBC got an inside look at Corning’s oldest glass factory in Harrodsburg, Kentucky where Gorilla Glass is made. Corning makes the glass that covers 6 billion smartphones, tablets, screens and wearables worldwide for Apple, Samsung, LG, Sony, Huawei and a variety of other manufacturers.


Company: cnbc, Activity: cnbc, Date: 2019-02-09  Authors: cnbc, andrew evers
Keywords: news, cnbc, companies, variety, iphones, makes, tablets, look, glass, inside, factory, worldwide, gorilla, rare, wearables


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Go inside the factory that makes the iPhone’s Gorilla Glass

In the middle of bluegrass and bourbon country in Harrodsburg, Kentucky, is Corning’s oldest glass factory. It was built in the 1950s to create lenses for glasses, then transitioned into making LCD glass panels in the 1980s. Corning quickly developed Gorilla Glass and the factory went through a complete transformation. The same company that developed the glass for the Edison bulb in 1879 is now making the glass that covers 6 billion smartphones, tablets, screens and wearables worldwide for Apple


In the middle of bluegrass and bourbon country in Harrodsburg, Kentucky, is Corning’s oldest glass factory. It was built in the 1950s to create lenses for glasses, then transitioned into making LCD glass panels in the 1980s. Corning quickly developed Gorilla Glass and the factory went through a complete transformation. The same company that developed the glass for the Edison bulb in 1879 is now making the glass that covers 6 billion smartphones, tablets, screens and wearables worldwide for Apple
Go inside the factory that makes the iPhone’s Gorilla Glass Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-08  Authors: jeniece pettitt, cnbc, andrew evers
Keywords: news, cnbc, companies, developed, iphones, makes, company, glass, inside, making, apple, factory, worldwide, gorilla, create, corning


Go inside the factory that makes the iPhone's Gorilla Glass

In the middle of bluegrass and bourbon country in Harrodsburg, Kentucky, is Corning’s oldest glass factory. It was built in the 1950s to create lenses for glasses, then transitioned into making LCD glass panels in the 1980s.

About six months before the first iPhone was released in 2007, Steve Jobs made a call to the CEO of Corning and asked the company to create glass that could withstand scratches and breakage for a new Apple product. Before that, phones were typically covered in plastic. Corning quickly developed Gorilla Glass and the factory went through a complete transformation.

The same company that developed the glass for the Edison bulb in 1879 is now making the glass that covers 6 billion smartphones, tablets, screens and wearables worldwide for Apple, Samsung, LG, Sony, Huawei and a variety of other manufacturers.

Here’s a rare look inside the factory where Gorilla Glass is made.


Company: cnbc, Activity: cnbc, Date: 2019-02-08  Authors: jeniece pettitt, cnbc, andrew evers
Keywords: news, cnbc, companies, developed, iphones, makes, company, glass, inside, making, apple, factory, worldwide, gorilla, create, corning


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Foxconn does damage control over Wisconsin factory

Earlier this week, Louis Woo, special assistant to Foxconn CEO Terry Gou, told Reuters the company was shifting strategy and would offer mostly researcher and engineering jobs in Wisconsin, not the blue-collar manufacturing jobs that were originally promised. Foxconn received $4 billion in tax breaks from the state to build LCD TV screens at the plant, but plans have shifted. In a statement to CNBC earlier this week, Foxconn also signaled it was changing its focus for the Wisconsin facility, say


Earlier this week, Louis Woo, special assistant to Foxconn CEO Terry Gou, told Reuters the company was shifting strategy and would offer mostly researcher and engineering jobs in Wisconsin, not the blue-collar manufacturing jobs that were originally promised. Foxconn received $4 billion in tax breaks from the state to build LCD TV screens at the plant, but plans have shifted. In a statement to CNBC earlier this week, Foxconn also signaled it was changing its focus for the Wisconsin facility, say
Foxconn does damage control over Wisconsin factory Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-01  Authors: sara salinas, brendan smialowski, afp, getty images
Keywords: news, cnbc, companies, facility, control, manufacturing, foxconn, statement, wisconsin, does, week, white, damage, factory, company, jobs, technology


Foxconn does damage control over Wisconsin factory

Foxconn said it’s moving forward with the construction of its Wisconsin facility after talks with the White House, according to a statement released Friday, but isn’t clarifying what kind of jobs will be housed at the $10 billion plant.

Earlier this week, Louis Woo, special assistant to Foxconn CEO Terry Gou, told Reuters the company was shifting strategy and would offer mostly researcher and engineering jobs in Wisconsin, not the blue-collar manufacturing jobs that were originally promised. Foxconn received $4 billion in tax breaks from the state to build LCD TV screens at the plant, but plans have shifted.

“In terms of TV, we have no place in the U.S.,” Woo told Reuters earlier this week. “We can’t compete.”

The site will function as both an “advanced manufacturing facility as well as a hub of high technology innovation,” Foxconn said in its new statement Friday, but did not clarify what kinds of jobs it would hire for at the site.

In a statement to CNBC earlier this week, Foxconn also signaled it was changing its focus for the Wisconsin facility, saying “the global market environment that existed when the project was first announced has changed.”

Announced at a White House ceremony in 2017, the 20-million-square-foot campus marked the largest greenfield investment by a foreign-based company in U.S. history and was praised by President Donald Trump as proof of his ability to revive American manufacturing. Foxconn had said it would employ 13,000 U.S. workers at the facility.

Here’s the statement Foxconn issued Friday:

After productive discussions between the White House and the company, and after a personal conversation between President Donald J. Trump and Chairman Terry Gou, Foxconn is moving forward with our planned construction of a Gen 6 fab facility, which will be at the heart of the Wisconn Valley Science and Technology Park. This campus will serve both as an advanced manufacturing facility as well as a hub of high technology innovation for the region. Our decision is also based on a recent comprehensive and systematic evaluation to help determine the best fit for our Wisconsin project among TFT technologies. We have undertaken the evaluation while simultaneously seeking to broaden our investment across Wisconsin far beyond our original plans to ensure the company, our workforce, the local community, and the state of Wisconsin will be positioned for long-term success. We look forward to continuing to expand our investment in American talent in Wisconsin and the US.

— Reuters and CNBC’s Ryan Ruggiero contributed to this report.


Company: cnbc, Activity: cnbc, Date: 2019-02-01  Authors: sara salinas, brendan smialowski, afp, getty images
Keywords: news, cnbc, companies, facility, control, manufacturing, foxconn, statement, wisconsin, does, week, white, damage, factory, company, jobs, technology


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