>>Gresham Microchip
(Gresham, OR) -- The U-S Department of Commerce has awarded 72-million dollars to Microchip, to expand its Gresham facility.Funding comes from the CHIPS and Science Act. Microchip expects to double its capacity and create 600 new jobs in Oregon. The company makes semiconductor chips that power cars, defense technology and other products.
>>NCAA, ESPN Sign $920-Million Media Deal
(Undated) -- ESPN and the NCAA have signed a new 920-million dollar media rights deal. The eight-year contract is worth more than 115-million dollars a year and is close to three times the annual value of the current deal. It goes into effect on September 1st and will cover rights to 40 NCAA championships, including men's and women's basketball. The NCAA said the dramatic increase in the value of media rights will allow it to explore what it called revenue distribution units for the women's basketball tournament. During last season's women's tournament, a number of players posted on social media that their facilities were dramatically inferior to the men's facilities.
>>Shoppers Set Record Shopping Numbers This Holiday Season
(New York, NY) -- This holiday season set a new online shopping record. Americans spend 222-billion dollars shopping from November 1st through the end of 2023. That's nearly a five-percent increase from the previous holiday season, according to an Adobe Analytics report. Adobe credits deep discounts and Buy Now, Pay Later options like Klarna and AfterPay. The report shows that Americans are still spending at record amounts, despite saying they're not happy with the economy.
>>Xerox Cutting 15 Percent Of Workforce
(Norwalk, CT) -- Xerox is cutting 15 percent of its global workforce. The Connecticut-based company announced the cuts this week as part of a restructuring. Xerox employs around 250 people in Connecticut, including 90 at its corporate headquarters in Norwalk.
>>TGI Fridays Abruptly Closes 36 "Underperforming" Restaurants
(New York, NY) -- TGI Fridays is abruptly closing 36 underperforming restaurants. The nearly 60-year-old restaurant chain said the move is part of the company's "ongoing growth strategy." Prior to the closings, there were about 270 locations in the U.S.
