Companies appear to be gaining market power

Companies appear to be gaining market power

COMPETITION forces companies to keep prices low to attract customers. But if a few firms become powerful enough, they can see off competitors and charge more. A new working paper by Jan De Loecker of the University of Leuven and Jan Eeckhout of University College London presents evidence that this is happening across the rich […]

How U.S. tax reform rewards companies that shift profit to tax havens

How U.S. tax reform rewards companies that shift profit to tax havens

(Reuters) – The corporate tax cut passed by U.S. President Donald Trump and fellow Republicans that was in part designed to help dissuade U.S. companies from moving profits overseas may instead make the practice a lot more rewarding. FILE PHOTO: A screen displays the share price for pharmaceutical maker AbbVie on the floor of the […]

As millennials age, more U.S. companies look ahead to Generation Z

As millennials age, more U.S. companies look ahead to Generation Z

NEW YORK (Reuters) – After a decade of focusing on the so-called millennial generation, some U.S. companies are starting to look ahead to what’s next. Target Corp (TGT.N) is introducing new in-house brands of shoes, apparel and accessories this year, geared toward customers who may not be old enough to drink legally. Apparel company Abercrombie […]

US may sanction EU companies who trade with Iran – Bolton

US may sanction EU companies who trade with Iran – Bolton

US National Security Advisor John Bolton has said the US could sanction European companies that continue to trade with Iran following the Trump administration’s decision to withdraw from the Iran deal. READ MORE: Iranians burn Trump’s effigies, US flags at protests against nuclear deal withdrawal (PHOTO, VIDEO) Bolton made the remarks during an appearance on […]

Nasdaq asks regulators to let companies decide where they trade

Nasdaq asks regulators to let companies decide where they trade

NEW YORK (Reuters) – Nasdaq Inc has asked regulators to allow it to give small companies a choice of trading on a single U.S. stock exchange, rather than all 13 of them, in an effort to make it easier for buyers and sellers of the stocks to find each other. FILE PHOTO: The Nasdaq logo […]

U.S. bans American companies from selling to Chinese phone maker ZTE

U.S. bans American companies from selling to Chinese phone maker ZTE

LONDON/NEW YORK (Reuters) – The U.S. Department of Commerce has banned American companies from selling components to leading Chinese telecom equipment maker ZTE Corp for seven years for violating an agreement in a sanctions violation case, U.S. officials said on Monday. The U.S. action, first reported by Reuters reut.rs/2H3p0Vl, could be devastating to ZTE since American […]

Indian companies dramatically reduced H1B visa filing: US media

Indian companies dramatically reduced H1B visa filing: US media

Washington: Indian IT companies have dramatically reduced their H-1B visa filings and foreign nationals are exhibiting reluctance to make the jump to a US company due to the Trump administration’s hardline anti-immigration stance, a top Silicon Valley newspaper has said. San Francisco Chronicle’s editorial board has said applicants for the H-1B visa programme are anticipating […]

Indian coaching new companies make function for unoccupied thumbs

Indian coaching new companies make function for unoccupied thumbs

TO ANY outsider it looks as if the children have been hypnotised by yet another smartphone game. As the spying elders in a TV ad try to break the spell, the sprogs flash a grin at their screens. “It’s maths, dad,” giggles a fifth-grader to her father. The company behind the ad, Byju’s, sells an […]

Leaked Memo Reveals Trump’s Gift to Private Prison Companies

Prison companies that backed Donald Trump during the presidential campaign and gave hundreds of thousands of dollars to his inaugural committee just got another boost from his administration. The Bureau of Prisons will now transfer more inmates from government-run lockups to private facilities, according to a memo sent to department staffers last week, as the […]