WASHINGTON, Nov. 26 -- The U.S. Department of Commerce issued the following news release: CHIPS Investment of up to $7.865 Billion Reinforces U.S. Supply Chain Security and Supports Multiple Projects in Arizona, New Mexico, Ohio, and Oregon Today, the Biden-Harris Administration announced that the U.S. Department of Commerce awarded Intel Corporation up to $7.865 billion in direct funding under the CHIPS Incentives Program's Funding Opportunity for Commercial Fabrication Facilities. The award   more

WASHINGTON, Nov. 27 -- The U.S. Department of Commerce's Bureau of Industry and Security issued the following news release: On Nov. 20 in the District of Oregon, Sanjay Kaushik, 57, of India, was indicted for conspiring to export controlled aviation components with dual civilian and military applications to end users in Russia, in violation of the Export Control Reform Act. Kaushik is also charged with attempting to illegally export a navigation and flight control system from Oregon to Russia t  more

WASHINGTON, Nov. 28 -- The Pension Benefit Guaranty Corp. issued the following news release on Nov. 27, 2024: * * * CIC Lumber Industry Plan Averts Insolvency and Reduction of Benefits Through Receipt of Special Financial Assistance * * * The Pension Benefit Guaranty Corporation (PBGC) announced today that it has approved the application submitted to the Special Financial Assistance (SFA) Program by the Carpenters Industrial Council Lumber Industry Pension Plan (CIC Lumber Industry Plan). Th  more