‘He Has The Political Mandate’: Companies Scramble To Respond To Trump’s ‘Beautiful’ Tariff Hikes
Companies are scrambling to respond to President-elect Donald Trump’s “beautiful” tariff proposals that his administration may seek to enact early in his second term. Proactive steps that companies are taking to evade…
Companies exposed to Russia brace for new sanctions
– Foreign companies with exposure to Russia were poring over contingency plans on Tuesday, with some looking at whether to shift production or find new supply chains to shield their businesses from…
U.S. FTC eyes rule to claw back money from companies that lie about gig worker earnings
WASHINGTON – The U.S. Federal Trade Commission, which enforces consumer protection rules, voted on Thursday to embark on regulations that would allow it to win back money from companies that are deceptive…
U.S. sues to stop merger of Rhode Island hospital companies
WASHINGTON – The U.S. Federal Trade Commission said on Thursday that it would file a lawsuit aimed at stopping the merger of Rhode Island’s two largest health care providers, Lifespan Corp and…
Senators Reveal Bipartisan Bill Targeting Big Tech Companies For Harms To Children
Republican Tennessee Sen. Marsha Blackburn and Democratic Connecticut Sen. Richard Blumenthal unveiled a bipartisan bill Wednesday aimed at curbing online harms to children. The Kids Online Safety Act is the result of…
Global companies slow debt-raising as yields climb
By Patturaja Murugaboopathy – Global non-financial companies have issued the lowest debt volumes in three years in the first six weeks of 2022, deterred by rising interest rates as governments start scaling…
Tech Companies, Banks Crack Down On Anti-Mandate Convoy Supporters
As Canadian Prime Minister Justin Trudeau imposed strict emergency measures intended to quell anti-mandate trucker protests late Monday, social media platforms and online services have previously taken steps to disrupt the efforts…
Canadian trucker protest forces some companies to use air transport
By Allison Lampert -Automakers and some manufacturers are looking to the skies as they seek alternatives for moving products caught up in Canadian trucking protests that have hit supply chains on both…
New York To Divest Pensions From Fossil Fuel Companies
The State of New York announced that its retirement fund would divest $238 million from companies that are “not prepared for net zero transition.” The state will divest from 21 oil and…
Currency hit to North American companies in Q3 lowest since 2018
By Caroline Valetkevitch NEW YORK – The negative impact of currency fluctuations on North American companies’ third-quarter 2021 results fell from the quarter before and was at the lowest level since the…
Fossil Fuel Groups Slam Biden Fed Nominee For Her ‘Vendetta’ Against US Energy Companies
Several fossil fuel industry groups have lined up in opposition to a top Federal Reserve nominee, saying her preferred climate policies would be antithetical to the central bank’s mission. The organizations have…
Self-driving car companies zoom ahead, leaving U.S. regulators behind
By David Shepardson, Hyunjoo Jin and Joseph White WASHINGTON/SAN FRANCISCO – Self-driving vehicle companies from Tesla Inc to General Motors Co’s Cruise are racing to start making money with their technology, outrunning…
Medical Imaging Companies CEO Sentenced to 5 Years in Prison for $250 Million Health Care Fraud Run Via State Workers’ Comp System
SAN DIEGO – The CEO of several Southern California-based medical imaging companies was sentenced today to 60 months in federal prison for running a scheme that submitted more than $250 million…
China says U.S. should stop ‘unreasonable suppression’ of Chinese companies
HONG KONG – The United States should immediately stop “unreasonable suppression” of Chinese companies and treat them fairly, China’s commerce ministry said on Friday. A U.S. regulator earlier revoked China Unicom’s authorization…
U.S. SEC proposes asking companies to say why CEO pay and performance often don’t match up
By Katanga Johnson WASHINGTON – Public companies in the United States would be required to disclose how the pay of their top executives squares with their overall performance under a Securities and…
U.S. companies push Biden, Congress for caution on Russia sanctions
By Andrea Shalal and Timothy Gardner WASHINGTON – U.S. President Joe Biden has threatened to impose devastating sanctions on Russia if leader Vladimir Putin invades Ukraine, but some big companies and business…
U.S. should consider ‘safe harbor’ from Russia sanctions for some companies – trade group
WASHINGTON – A trade group representing Chevron, General Electric and other big U.S. corporations that do business in Russia is asking the White House to consider giving U.S. companies time to fulfill…
Talks between oil companies, U.S. union intensify as deadline nears
HOUSTON – Talks for a new national contract for U.S. refinery and chemical plant workers intensified on Monday between the United Steelworkers Union (USW) and oil companies, the union told members in…
Nation’s Largest Teachers Union Wrote A Letter Calling On Social Media Companies To Restrict ‘Propaganda’ About Critical Race Theory
Following the National School Boards Association letter sent to the White House comparing parents to domestic terrorists, the nation’s largest teachers union sent a letter to social media companies encouraging them to…
Harvey Woman Pleads Guilty to Conspiring to Stage Automobile Accident in Order to Defraud Insurance and Trucking Companies
NEW ORLEANS, LOUISIANA – United States Attorney Duane A. Evans announced today that DONISESHA LEE (“DONISHA LEE”), age 30, of Harvey, Louisiana, entered a plea of guilty today to Conspiracy to Commit…
Companies Agree to Pay $1.15 Million to Resolve Allegations of Fraud in Obtaining Army Contracts Reserved for Eligible Small Businesses
DENVER – The United States Attorney’s Office for the District of Colorado announces that Idaho-based Native American Services Corp. (NASCO) and Texas-based Mirador Enterprises, Inc. (Mirador) have agreed to pay $1.15 million…
SEC To Crack Down On Private Companies, Heighten Disclosure Requirements
The Securities and Exchange Commission (SEC) plans to crack down on private companies, forcing them to disclose financial and operation statements more frequently, The Wall Street Journal reported. Regulators have grown more…
Hunt Companies to Pay $500,000 To Resolve Fraud Allegations At Dover Air Force Base
WILMINGTON, Del. – U.S. Attorney David C. Weiss announced today that Hunt Companies, Inc. (“Hunt”), one of the largest providers of privatized military housing to the U.S. Armed Forces, has agreed to…
Activist Investors Are Pushing To Restructure Tech Companies And Take Down ‘Hate Speech’
A group of activist investors are pressuring major tech companies to overhaul their culture and business structure, proposing shareholder resolutions aimed at reorganizing senior leadership, ending certain business practices and censoring more…
Texas Woman Sentenced for Conspiring to Stage Automobile Accidents in Order to Defraud Insurance and Trucking Companies
NEW ORLEANS, LOUISIANA – United States Attorney Duane A. Evans announced GENETTA ISREAL (“ISREAL”), age 53, of Houston, Texas, was sentenced today for Conspiracy to Commit Wire Fraud, in violation of Title…
US Will Put 8 Chinese Companies On Investment Blacklist For Alleged Uyghur Surveillance: REPORT
The U.S. Treasury Department will ban American investors from buying shares in eight Chinese companies linked to alleged surveillance of Uyghur Muslims. The Treasury Department will add the companies, which includes popular drone…
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