PRESS DIGEST- New York Times business news - Nov 25

Reuters11-25 14:45

Nov 25 (Reuters) - The following are the top stories on the New York Times business pages. Reuters has not verified these stories and does not vouch for their accuracy.

- The Biden administration plans to reduce Intel's preliminary $8.5 billion federal CHIPS grant, a move that follows the California-based company's investment delays and broader business struggles.

- Bernard Looney, the former chief executive of BP , one of the world's largest energy companies, said that he would become chairman of Prometheus Hyperscale, a data center startup in the U.S.

- A DHL cargo plane crashed into homes near an airport in Vilnius, Lithuania, killing one person on board and sparking a fire, officials said.

- A Connecticut couple was charged with being part of an organized retail theft operation that is suspected of stealing about $1 million in Lululemon merchandise across several states.

(Compiled by Bengaluru newsroom)

((globalnewsmonitoring@thomsonreuters.com))

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