(Reuters) – Global mega-cap companies, led by the technology sector, posted solid gains in 2023, boosted by optimism over artificial intelligence, that inflation was peaking and on hopes for further…
Top Social Media Companies Made Billions From Ads For Minors: REPORT Will Kessler on December 27, 2023 Major social media companies collectively made nearly $11 billion in advertising revenue from…
Biden’s New Medicine Rules Have Pharmaceutical Companies Slow-Walking New Therapies Robert Schmad on December 22, 2023 Pharmaceutical companies are delaying, or outright canceling, the development of new medicines following new…
By Clark Mindock (Reuters) -PacifiCorp, an Oregon electric utility owned by billionaire Warren Buffett’s Berkshire Hathaway, has agreed to pay $250 million to logging companies whose commercial timber burned during…
ABUJA (Reuters) – The U.S. Securities and Exchange Commission (SEC) on Monday filed charges against Nigerian businessman Dozy Mmobuosi and three companies of which he is CEO, alleging they inflated…
(Reuters) – BP on Monday cut over $40 million in compensation from former CEO Bernard Looney after the British oil giant concluded he had knowingly misled the board over personal…
BOGOTA (Reuters) – Non-financial industry companies in Latin America are facing a negative outlook for next year because of continued high interest rates, slow regional economic growth and projected low…
(Reuters) – The Tokyo Stock Exchange (TSE) will ask listed companies with publicly traded subsidiaries or equity affiliates to increase disclosure about corporate governance, Nikkei Asia reported on Tuesday. TSE…
TRENTON, NJ – A significant legislative move to enhance the competitive edge of New Jersey-based insurance companies was achieved with the passage of a bill authored by Assemblywoman Victoria Flynn.…
ALEXANDRIA, Va. – The U.S. District Court for the Eastern District of Virginia ordered IT Services Now LLC and O@sis Group LLC, located in McLean, and their CEO, Mustafa Khabir, 51,…
Seattle – A heating and plumbing business headquartered in Boothwyn, Pennsylvania will pay $1.35 million to settle allegations it failed to follow the terms of a contract for servicing fire…
ADCO Industries (a/k/a Dallco Marketing, Inc.), a Dallas-based importer of industrial products, along with two Chinese companies and two individuals, has agreed to pay $2.5 million to resolve allegations that…
RIYADH (Reuters) – Saudi Arabia said on Tuesday it will offer tax incentives for foreign companies that locate their regional headquarters in the kingdom, including a 30-year exemption for corporate…
By Leah Douglas (Reuters) -Six of the world’s largest dairy companies will soon begin disclosing their methane emissions as part of a new global alliance launched at the United Nations…
Biden Admin Approves Emissions Rules That Critics Worry Could Kneecap Small Energy Companies Robert Schmad on December 2, 2023 The Biden administration approved new regulations Saturday aimed at reducing methane…
By Matt Tracy (Reuters) – Tight credit spreads and strong investor demand for highly-rated bonds has prompted some U.S. companies to refinance debt maturing in the next few years rather…
TRENTON, NJ – New Jersey Governor Phil Murphy and his administration are suing big oil companies over their decades of pollution in the Garden State. At the same time, New…
(Reuters) – Sam Altman reached an agreement with OpenAI to return as CEO on Wednesday, after a tumultuous few days following his ouster by the company’s board. He joins a…
The Justice Department announced today that it has secured a $700,000 agreement with Covenant Transport Inc. (Covenant), as well as the affiliated entity Transport Management Services LLC (Transport), two transportation…
By Michael Kahn and Anna Koper PRAGUE/WARSAW (Reuters) – Central European defence companies are negotiating new deals to sell more weapons, military equipment and related services in Africa as they…
By Philip Blenkinsop BRUSSELS (Reuters) – Most Chinese companies operating in the European Union are feeling a pinch from the bloc’s de-risking strategy, but still see more opportunity than challenge…
By Suzanne McGee (Reuters) – GMO LLC, the asset management firm co-founded by veteran investor Jeremy Grantham, will launch its first exchange-traded fund (ETF) on Wednesday. The firm said it…
By Matt Tracy (Reuters) – More U.S. high-yield bond issuers saw downgrades to their credit ratings than upgrades last month, JPMorgan said in a research report. October saw downgrades to…
By Matt Tracy (Reuters) – Rising borrowing costs made a slight dent in U.S. companies’ ability to make interest payments on their debt in the third quarter despite a boost…