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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…
U.S. to directly warn companies against evading Russia sanctions
By Daphne Psaledakis and Andrea Shalal WASHINGTON (Reuters) – The United States will directly warn companies against evading U.S. sanctions imposed on Russia over the war in Ukraine, Deputy Treasury Secretary Wally…
U.S. lawmakers seek answers from egg companies on record-high prices
By Leah Douglas (Reuters) – Two U.S. lawmakers have sent letters to the country’s top egg companies seeking answers for why egg prices have ballooned to record highs in recent months, according…
Many companies and finance firms yet to set deforestation policy – report
By Simon Jessop LONDON (Reuters) – Almost half of the companies most reliant on the commodities responsible for deforestation, and the financial firms that back them, have no policy to rein it…
‘We’ve Lost Key Battles’: Big Tech Companies Quietly Reduce Censorship Teams Following Legal Battles, Layoffs
‘We’ve Lost Key Battles’: Big Tech Companies Quietly Reduce Censorship Teams Following Legal Battles, Layoffs Katelynn Richardson on February 14, 2023 Big Tech companies have quietly cut their censorship teams as they face…
U.S. companies face more pain as expected ‘earnings recession’ looms
By Caroline Valetkevitch NEW YORK (Reuters) – U.S. companies’ earnings woes are likely to extend beyond the weak fourth quarter, as a booming labor market weighing on margins looks set to hurt…
Companies Pressure Biden Admin To Allow Tax Credits For ‘Green’ Hydrogen Produced With Natural Gas
Companies Pressure Biden Admin To Allow Tax Credits For ‘Green’ Hydrogen Produced With Natural Gas Bronson Winslow on February 13, 2023 Companies are pushing the Biden administration to allow tax credits for…
Adani Group says balance sheet of companies “very healthy”
BENGALURU (Reuters) – Adani Group said on Monday the balance sheet of each of its portfolio companies was “very healthy” and that it has strong corporate governance and secure assets, amid a…
Factbox-U.S. stock buybacks so far in 2023: big money, fewer companies
NEW YORK (Reuters) – Corporate stock buybacks are offering investors a measure of excitement in what has been a gloomy earnings season. Chevron Corp late last month said it would triple its…
Analysis-Dollar’s gyrations raise hedging costs for U.S. companies
By Laura Matthews NEW YORK (Reuters) – Wild swings in global currencies hammered corporate earnings in the past year, and while forex markets have gotten less choppy, some companies are seeking ways…
Euro zone companies to slow price increases this year, ECB poll shows
FRANKFURT (Reuters) – Euro zone companies expect to slow the pace of price increases this year as their outlook for costs and demand becomes less clear, a survey by the European Central…
U.S. Promoter of Foreign Cryptocurrency Companies Sentenced to 60 Months in Prison for His Role in Multi-Million Dollar Securities Fraud Scheme
BROOKLYN, NY – Earlier today, in federal court in Brooklyn, John DeMarr was sentenced by United States District Judge LaShann DeArcy Hall to 60 months in prison for his participation in a…
Squeezed mining companies face growth dilemma
By Clara Denina and Helen Reid JOHANNESBURG (Reuters) – High costs and the prospect of shrinking earnings have made big miners nervous about expansion, even as shareholders demand investment in response to…
Bill Gates Says He Alerted Tech Companies About Online ‘Misinformation’
Bill Gates Says He Alerted Tech Companies About Online ‘Misinformation’ Harold Hutchison on January 30, 2023 Microsoft founder Bill Gates told the Australian Broadcasting Corporation during a Monday interview that he alerted…
Barcelona bans grocery delivery companies’ ‘dark stores’
By Joan Faus BARCELONA (Reuters) – Barcelona’s city hall on Friday approved a total ban on so-called “dark stores” – distribution hubs used by companies that provide grocery home deliveries – joining…
United States Obtains Temporary Restraining Order Against Firearm Companies Illegally Selling Machine Guns
On January 19, 2023, the United States filed a civil complaint in federal court in Brooklyn against two firearm companies, and two individuals associated with these companies (collectively, “Defendants”), alleging that Defendants…
Chinese companies set for biggest earnings growth in 5 years in 2023-Refinitiv data
By Gaurav Dogra (Reuters) – Chinese companies are expected to report their highest earnings growth in five years, Refinitiv data shows, as economic reopening after COVID lockdowns and accommodative monetary policy raise…
Senate Dems Are Staffing Up To Take On American Energy Companies
Senate Dems Are Staffing Up To Take On American Energy Companies Jack McEvoy on January 17, 2023 Senate Democrats are hiring multiple staffers with experience in climate policy after incoming Democratic Senate…
Analysis-Small and medium companies to boost business travel rebound in 2023
By Allison Lampert and Abhijith Ganapavaram (Reuters) – New York excavation contractor Brian Dietz does not view higher air fares as a deal-breaker for flying and airlines are seeing more small and…
Russia to let some companies disregard foreign shareholders
(Reuters) – Russia is set to allow some companies to disregard the votes of shareholders from what it regards as “unfriendly” countries when making corporate decisions, according to a decree signed by…
More than half of German companies report labour shortages
BERLIN (Reuters) – More than half Germany’s companies are struggling to fill vacancies due to a lack of skilled workers, the German Chambers of Commerce and Industry (DIHK) said on Thursday, in…
University Of California Has Millions Invested With Companies Linked To Uighur Genocide
University Of California Has Millions Invested With Companies Linked To Uighur Genocide Alexa Schwerha on January 10, 2023 The University of California (UC) system has invested millions of dollars in companies that…
Asian companies see earnings upgrades by analysts over the past month
(Reuters) – Analysts raised 2023 earnings estimates for Asian companies over the past month, contrasting with the raft of earnings downgrades in the last year, as China’s reopening and slowing inflationary pressures…
Major School District Sues Big Tech Companies For Allegedly Harming Kids’ Mental Health
Major School District Sues Big Tech Companies For Allegedly Harming Kids’ Mental Health Reagan Reese on January 9, 2023 Seattle Public Schools sued several social media companies Friday for allegedly worsening the…
Around 40% of German companies expect output decline in 2023 – IW institute
BERLIN (Reuters) – Four out of ten German companies expect business to shrink in 2023, a survey by the German Economic Institute (IW) showed on Monday, blaming high energy costs, supply chain…
Senate Dems Try To Beef Up Staff For Potential Probes Of Energy Companies
Senate Dems Try To Beef Up Staff For Potential Probes Of Energy Companies Jack McEvoy on January 5, 2023 Democrats on the Senate Budget Committee are attempting to employ a “climate policy…
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