(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 …
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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 …
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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 …
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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 …
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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 …
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(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 …
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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 …
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(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 …
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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. …
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Two McLean Companies and CEO Ordered to Pay $1.1 Million for Defrauding the Paycheck Protection Program
by Indira PatelALEXANDRIA, 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, …
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Pennsylvania plumbing and heating company settles allegations it failed to properly subcontract with disabled veteran owned companies
by Indira PatelSeattle – 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 …
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Dallas Importer and Two Chinese Companies to Pay $2.5 Million to Resolve Allegations of Underpaying Customs Duties
by Indira PatelADCO 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 …
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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 …
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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 …
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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 …
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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 …
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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 …
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New Jersey is Suing Big Oil While Governor Defends Investing Heavily In Those Same Companies
by Phil StiltonTRENTON, 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 …
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(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 …
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Justice Department Secures Agreement with Tennessee Trucking Companies to Resolve Allegations of Hiring Discrimination
by Indira PatelThe 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 …
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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 …
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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 …
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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 …
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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 …
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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 …