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‘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…
US SEC charges Tingo Group Nigerian CEO, three companies with fraud
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 the financial…
Factbox-Scandal-hit companies which went after executive compensation
(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 relationships with…
Moody’s sees negative outlook for Latin American companies on high rates, low growth
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 prices for…
Japan’s TSE to ask companies with subsidiary listings to increase disclosure – Nikkei
(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 is looking…
Jersey Assembly Passes Bill to Boost Local Insurance Companies
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. The bill,…
Two McLean Companies and CEO Ordered to Pay $1.1 Million for Defrauding the Paycheck Protection Program
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, of Haymarket,…
Pennsylvania plumbing and heating company settles allegations it failed to properly subcontract with disabled veteran owned companies
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 and life…
Dallas Importer and Two Chinese Companies to Pay $2.5 Million to Resolve Allegations of Underpaying Customs Duties
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 it violated…
Saudi Arabia offers tax breaks for companies moving regional HQs to Riyadh
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 income tax.…
Global dairy companies announce alliance to cut methane at COP28
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 climate summit…
Biden Admin Approves Emissions Rules That Critics Worry Could Kneecap Small Energy Companies
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 gas emissions,…
Committee Advances Connors-Rumpf-Gove Bill To Create Fund for Volunteer Fire Companies
The Senate Community and Urban Affairs Committee voted to advance legislation today sponsored by Sen. Christopher Connors, Asm. Brian Rumpf, and Asw. DiAnne Gove that would support the financial needs of volunteer…
Uncertain 2024 makes US companies refinance debt sooner, not later
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 than wait…
New Jersey is Suing Big Oil While Governor Defends Investing Heavily In Those Same Companies
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 Jersey’s public…
Factbox-‘Boomerang’ CEOs of major companies
(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 list of…
Justice Department Secures Agreement with Tennessee Trucking Companies to Resolve Allegations of Hiring Discrimination
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 logistics and…
Central Europe’s defence companies spy African opportunity
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 seek to…
Chinese companies still see promise in EU despite de-risking – survey
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 in Europe’s…
Asset manager GMO’s first ETF will focus on ‘quality’ companies
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 is rolling…
More junk-rated companies downgraded than upgraded in October -JPM
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 18 junk…
US companies’ debt cushion smallest since Q1 2021 :BofA
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 in earnings,…
Companies may be employers of contract, franchise workers under US labor rule
By Daniel Wiessner and Nate Raymond (Reuters) -A U.S. labor board on Thursday issued a final rule making it easier for workers and unions to hold companies liable for labor law violations…
Analysis-After US IPO stumbles, companies under pressure to offer bargains
By Echo Wang NEW YORK (Reuters) – Companies pursuing U.S. initial public offerings (IPOs) after a string of lackluster stock market debuts are receiving advice from investment bankers to lower their valuation…
Hospitalist Companies Agree To Pay Nearly $4.4 Million To Settle False Claims Act Allegations
DETROIT – IPC Hospitalists of Michigan, Inc., Inpatient Consultants of Michigan, P.C., IPC Healthcare f/k/a IPC The Hospitalist Company, and Team Health Holdings, Inc. (defendants) have agreed to pay a total of…
More Chinese companies vow share buybacks as market sags further
SHANGHAI (Reuters) – Dozens of China-listed companies announced plans on late Monday to buy back shares or scrap plans of stock selling, following a slew of measures authorities took to boost a…
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