Taiwanese Apple ( AAPL) iPhone manufacturer Foxconn ( FXCOF) is examining whether to build a plant in Wisconsin that could employ thousands of people, the AP reports.
A person with direct knowledge of the matter confirmed to the AP on Wednesday that Foxconn is in discussions with Wisconsin, however is also considering another state for the plant, said to be Michigan.
President Donald Trump hinted to negotiations with an unspecified firm during a visit to the Milwaukee area on Tuesday, saying Gov. Scott Walker might get "a very happy surprise very soon."
What's Hot on TheStreet
Amazon car dealer talk won't go away: This news continues to spread around the globe, probably sparking fear in the minds of all used car sales people. As TheStreet reported this week, Amazon (AMZN) has reportedly taken early steps to become an online car dealership in Europe, this according to a German trade weekly called Automobilwoche. The German newspaper cites Christoph Moeller, an industry specialist, as saying he has been placed in charge of the company's European business with car makers. Amazon is said to be planning to run that business out of Luxembourg and is eyeing the U.K. as its possible first market.
Step aside Starbucks: Panera Bread (PNRA) continues to impress on so many fronts. On Tuesday, Panera Bread announced that it has exceeded $1 billion in digital sales. TheStreet reports that the "Amazonization" of fast food continues.
Starbucks SBUX isn't the only one who can do digital well.
Apple and cars: TheStreet dives deep into Apple's (AAPL) car ambitions. To be sure, this is a story that is only just starting to play out. Companies from Ford (F) to Uber should be closely planning for Apple's aggression in the auto space over the next five years.
About Uber: Uber's investors continue to back the embattled ride-sharing company, according to TheStreet's sources.