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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…
AI companies ask U.S. court to dismiss artists’ copyright lawsuit
By Blake Brittain (Reuters) – Stability AI, Midjourney, and DeviantArt fired back Tuesday at a group of artists who accused them of committing mass copyright infringement by using the artists’ work in…
Storm clouds gather over highly indebted companies, Moody’s says
By Matt Tracy WASHINGTON (Reuters) – Credit ratings agency Moody’s Investors Service Inc said on Wednesday it has pushed more highly indebted companies to the bottom of its junk ratings barrel and…
US warns companies over Russian oil price cap evasion via ESPO pipeline
By Timothy Gardner and Moira Warburton WASHINGTON (Reuters) – The U.S. Treasury published a warning to U.S. companies on Monday of possible evasions of the Russian petroleum price cap of crude oil…
U.S. imposes sanctions on Chinese companies in action over fentanyl
WASHINGTON (Reuters) – Washington on Friday imposed sanctions on two entities based in China, accusing them supplying precursor chemicals to drug cartels in Mexico for the production of illicit fentanyl intended for…
Pfizer CEO Signs Drug Companies’ Open Letter Opposing Abortion Pill Decision
Pfizer CEO Signs Drug Companies’ Open Letter Opposing Abortion Pill Decision Katelynn Richardson on April 10, 2023 Pfizer’s CEO, along with hundreds of pharmaceutical and biotech industry executives, wrote an open letter…
Asia’s cashed-up companies beat market as volatility swirls
By Patturaja Murugaboopathy and Gaurav Dogra (Reuters) – Shares of Asian companies with big cash balances are outperforming the broader market and analysts say the money will be a cushion against volatility…
Brazil targets Asian e-commerce giants, local companies in tax push
BRASILIA (Reuters) – Brazil will soon unveil tax measures, including a crackdown targeting Asian e-commerce giants and curbs on some company tax benefits, as it looks to raise more than 100 billion…
Biden Admin Issues Sweeping EV Tax Credit Rules, Leaving Door Open For Foreign Companies
Biden Admin Issues Sweeping EV Tax Credit Rules, Leaving Door Open For Foreign Companies John Hugh DeMastri on March 31, 2023 The U.S. Internal Revenue Service (IRS) announced new guidance on how…
Chinese companies rush for U.S. listings ahead of new rules
By Jason Xue and Tom Westbrook SHANGHAI/SINGAPORE (Reuters) – The number of U.S. IPOs by Chinese firms jumped in March, as some of them rushed to set up offshore listings before rules…
Insurer Forcing Oil And Gas Companies To Curb Emissions Following Green Activist Pressure
Insurer Forcing Oil And Gas Companies To Curb Emissions Following Green Activist Pressure John Hugh DeMastri on March 22, 2023 Chubb, a major insurance company, announced Wednesday that it will no longer…
Weil distress index shows UK companies at highest level since June 2020
By Chiara Elisei LONDON (Reuters) – Corporate distress levels in Britain accelerated in the three months to February to their highest since June 2020, an index compiled by law firm Weil Gotshal…
Legal Scholars Theorize Oil Companies Could Be Prosecuted For ‘Climate Homicide’
Legal Scholars Theorize Oil Companies Could Be Prosecuted For ‘Climate Homicide’ Katelynn Richardson on March 21, 2023 Some legal scholars are ready to prosecute oil companies under the criminal offense of “climate…
County’s Lawsuit Suing Energy Companies For ‘Climate Change’ Teed Up For Supreme Court
County’s Lawsuit Suing Energy Companies For ‘Climate Change’ Teed Up For Supreme Court Katelynn Richardson on March 21, 2023 The Supreme Court may be getting ready to take up a county’s lawsuit…
Norwegian companies see stable outlook, central bank survey shows
OSLO (Reuters) – Activity in the Norwegian economy is levelling off and companies expect business prospects to be stable in the first half of 2023, a central bank business survey showed on…
New Jersey bill seeks to ban companies of hostile foreign countries from infrastructure projects
Trenton, NJ – A bill introduced in Trenton by Assemblyman Doug Steinhardt seeks to ban companies of foreign countries hostile to America from bidding on infrastructure-related projects in New Jersey. Bill A3710…
Silicon Valley Bank Depositor Bailout Could Benefit Chinese Tech Companies
Silicon Valley Bank Depositor Bailout Could Benefit Chinese Tech Companies Katelynn Richardson on March 13, 2023 The promised government bailout of Silicon Valley Bank (SVB) depositors could benefit Chinese tech startups, which…
EU companies can get as much in EU aid as US subsidies under looser rules
By Foo Yun Chee BRUSSELS (Reuters) – EU businesses can get as much government funding as from a U.S. green energy subsidy package, under looser European Commission rules announced on Thursday aimed…
Investors Are More Likely To View Female Execs As ‘Tokens’ When Companies Use Gender Quotas, Study Finds
Investors Are More Likely To View Female Execs As ‘Tokens’ When Companies Use Gender Quotas, Study Finds Alexa Schwerha on March 8, 2023 University of Nevada, Reno (UNR) College of Business researchers…
Companies Must Make Diversity Pledge To Qualify For $6 Billion Biden Initiative
Companies Must Make Diversity Pledge To Qualify For $6 Billion Biden Initiative John Hugh DeMastri on March 8, 2023 The Biden administration’s newly-launched $6.3 billion decarbonization fund will require companies submit a…
Few signs of US companies curbing profits after Powell says it could cool inflation
By Jessica DiNapoli NEW YORK (Reuters) – Federal Reserve Chair Jerome Powell said this week inflation could fall if companies curbed their profits – but the biggest U.S. retailers and consumer products…
Analysis-Chinese companies hang onto dollars, hedge to prepare for volatile yuan
By Winni Zhou and Brenda Goh SHANGHAI (Reuters) – Some Chinese companies are holding on to dollar revenues from exports, while others are turning to foreign exchange hedging in anticipation of a…
Nearly 75% Of Voters Want To Ban Taxpayer Funding To Chinese Companies: POLL
Nearly 75% Of Voters Want To Ban Taxpayer Funding To Chinese Companies: POLL Kate Anderson on March 1, 2023 A new poll released Wednesday found that nearly 75% of American voters want…
Energy Department Allowed Hundreds Of Employees With Stock In Related Companies To Keep Shares: REPORT
Energy Department Allowed Hundreds Of Employees With Stock In Related Companies To Keep Shares: REPORT Katelynn Richardson on February 22, 2023 One-third of senior leaders in the Energy Department were warned about…
Co-Owner Of Multiple Companies Sentenced To 12 Months And A Day In Prison For Failing To Pay Over $1 Million In Payroll Taxes
You are here FOR IMMEDIATE RELEASE Wednesday, February 15, 2023 A co-owner of multiple businesses was sentenced today to 12 months and a day in prison and two years of supervised release…
Marine Mammal center investigating whale deaths denies funding by wind energy companies
As the Marine Mammal Stranding Center awaits necropsy results on several dead whales that have washed up at the Jersey Shore, the non-profit group today denied allegations being made on social media…
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