‘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…
REUTERS NEXT: Crypto entrepreneur Sun looking at FTX ventures’ portfolio companies
LONDON (Reuters) – FTX’s venture capital arm has assets that could be worth investing in, but since the failed crypto exchange has entered Chapter 11 bankruptcy proceedings the process could take time,…
Owner of Trucking Companies Sentenced to 10 Years in Prison for Conspiracy in Fatal Tanker Explosion, Tax Evasion and COVID Fraud
LOS ANGELES – The owner of several Inland Empire-based trucking companies was sentenced today to 120 months in federal prison for ordering the illegal repair of a tanker that resulted in…
Germany’s Scholz ‘surprised’ by companies’ China dependence
BERLIN (Reuters) – German Chancellor Olaf Scholz said the number of German companies that have ignored the risks of depending too heavily on the Chinese market was remarkable and stressed the need…
Factbox-Pharmacies, drug companies settle lawsuits over U.S. opioid crisis
By Brendan Pierson (Reuters) – The sprawling, five-year-long litigation over the U.S. opioid crisis appears to be entering its final phase with finalized agreements by Teva Pharmaceutical Industries Ltd and AbbVie Inc.…
Analysis-Mexican companies could resort to more spinoffs to enhance market value
By Valentine Hilaire MEXICO CITY (Reuters) – Mexican companies are spinning off sports, gambling and cell-tower businesses in a bid to revive depressed stock prices, with more such deals likely in the…
European companies are tapping bond markets again as investors return
By Chiara Elisei LONDON (Reuters) – European companies are again looking to sell bonds after months of turbulence in world markets as investors warm up to riskier debt, offering the final opportunity…
Credit outlook darkens for non-financial companies, Moody’s says
By Juliette Portala (Reuters) – The outlook for credit conditions next year for non-financial companies in Europe, Middle East and Africa is negative, credit rating agency Moody’s said on Monday, as financing…
Former Owner and General Manager of Oregon Dump Truck and Concrete Companies Pleads Guilty after Failing to Pay Employment Taxes
PORTLAND, Ore.—The former owner and general manager of dump truck hauling and concrete companies based in Damascus, Oregon pleaded guilty today to willfully failing to pay employment taxes despite withholding them from…
Big Tech Execs Overestimated Their Companies’ Strength. Now Workers Have To Foot The Bill
Big Tech Execs Overestimated Their Companies’ Strength. Now Workers Have To Foot The Bill John Hugh DeMastri on November 12, 2022 Executives across the tech industry overestimated the sector’s resilience following pandemic-era…
Analysis-European companies’ robust Q3 makes timing the end of the bear market even harder
By Lucy Raitano LONDON (Reuters) – European companies have delivered positive surprises this earnings season but profit growth could dry up in a matter of months as high inflation and recession rattle…
Pfizer And General Mills Among Companies Suspending Twitter Ads After Musk Takeover: REPORT
Pfizer And General Mills Among Companies Suspending Twitter Ads After Musk Takeover: REPORT John Hugh DeMastri on November 3, 2022 Pharmaceutical firm Pfizer and food manufacturer General Mills are joining a growing…
UK watchdog tells companies to reveal more about meeting shareholders
By Huw Jones LONDON (Reuters) – Companies fail to reveal if meetings with shareholders alter their behaviour, such as in setting pay for top executives, Britain’s corporate governance regulator said on Thursday.…
Biden To Call For Windfall Tax On Energy Companies Days Before Midterms: REPORT
Biden To Call For Windfall Tax On Energy Companies Days Before Midterms: REPORT Jack McEvoy on October 31, 2022 President Joe Biden will propose taxing energy companies’ profits as the White House…
Biden Threatens To Tax Oil Companies’ ‘Excess’ Profits Unless They Stop ‘War Profiteering’
Biden Threatens To Tax Oil Companies’ ‘Excess’ Profits Unless They Stop ‘War Profiteering’ Jack McEvoy on October 31, 2022 President Joe Biden declared Monday that he would work with Congress to tax…
Fewer German companies feel threatened than during pandemic – Ifo
BERLIN (Reuters) – Far fewer German businesses feel their survival is at risk now than at the height of the COVID-19 pandemic, a survey by economic institute Ifo showed on Monday. The…
German union calls for strikes at Airbus, other companies
BERLIN (Reuters) – German trade union IG Metal Kueste said it has called on several thousand workers to strike on Tuesday at 15 sites, including Airbus in Hamburg. The warning strikes are…
UK companies see tough conditions enduring in months ahead: CBI
LONDON (Reuters) – British businesses think the gloom hanging over their prospects will persist in the coming months, according to an industry survey published on Sunday. The Confederation of British Industry’s (CBI)…
Kremlin says it may transfer assets in annexed Ukrainian regions to Russian companies
MOSCOW (Reuters) – The Kremlin on Wednesday said that assets in the four Ukrainian regions that Russia said it had annexed last month may in future be transferred to Russian companies. Kremlin…
Nasdaq halts IPOs of small Chinese companies as it probes stock rallies
By Echo Wang NEW YORK (Reuters) – Nasdaq Inc has put the brakes on initial public offering (IPO) preparations of at least four small Chinese companies while it investigates short-lived stock rallies…
S.Korea may ease liquidity requirement rules for financial companies
SEOUL (Reuters) – South Korea may ease some of the liquidity requirement rules on financial companies as there are some signs of stress in the short-term money market, the head of the…
Indonesia to offer tax holiday to companies investing in new capital
By Stanley Widianto and Stefanno Sulaiman JAKARTA (Reuters) – Indonesia will offer generous incentives, including a 30-year tax break, for companies investing in a $32 billion project to build a new capital…
Currency hit to N. American companies seen ‘bad’ after rough Q2 -report
By Caroline Valetkevitch NEW YORK (Reuters) – A surging U.S. dollar is likely to weigh even more on North American companies’ third-quarter results than in the prior quarter, when the currency impact…
US Companies Reel After New Export Rules Make Waves In China
US Companies Reel After New Export Rules Make Waves In China Micaela Burrow on October 17, 2022 U.S. technology companies have found their China-based operations suddenly crippled after new import restrictions…
Austria considers windfall tax on energy companies
(Reuters) – Austria is considering a windfall tax on the profits made by energy companies, Vice Chancellor Werner Kogler said on Saturday. The Green party politician said he wants to decide by…
Mexico Sues US Gun Companies For Alleged Arms Trafficking After Judge Dismisses Similar Case: REPORT
Mexico Sues US Gun Companies For Alleged Arms Trafficking After Judge Dismisses Similar Case: REPORT Jennie Taer on October 11, 2022 The Mexican government is suing five U.S. gun manufacturers for alleged…
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