Tag Archives: U.S.

U.S. Treasury slaps sanctions on 8 Venezuela court justices

Venezuela on brink of collapse The Treasury Department on Thursday froze U.S. assets of eight members of Venezuela’s Supreme Court of Justice and barred American citizens from engaging in any financial transactions with them. The agency said the justices were responsible for a number of rulings in the past year that have usurped the authority of Venezuela’s democratically-elected legislature, the National Assembly. “The Venezuelan people are suffering from a collapsing economy brought about by their government’s mismanagement and corruption,” Treasury Secretary Steven Mnuchin said. “Members of the country’s Supreme Court ...

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Toshiba's woes deepen: U.S. firm tries to block key part of survival plan

Toshiba: Fall of a Japanese icon Toshiba’s plan to survive its massive financial crisis has run into trouble. The Japanese company wants to auction its prized memory chip business to help recover from billions of dollars of losses. But a U.S. firm is challenging the move. Western Digital(WDC) said several of its businesses are taking Toshiba(TOSBF) to the International Court of Arbitration. It’s unhappy that Toshiba is planning to sell its stakes in three joint ventures along with the chip unit. Western Digital said it hasn’t consented to such a ...

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Apple to invest $200 million in U.S. glass maker Corning

Apple unveils new “spaceship” headquarters Glass manufacturer Corning is the first to receive an investment from Apple’s new $ 1 billion U.S. manufacturing fund. Apple(AAPL, Tech30) on Friday said Corning(GLW) will receive $ 200 million from the fund. Last week, Apple CEO Tim Cook said the tech giant would put $ 1 billion into a fund aimed at bringing advanced manufacturing jobs to the United States. The investment will go toward Corning’s research and development, equipment needs and state-of-the-art glass processing. Corning makes Gorilla Glass displays for smartphones and tablets, ...

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Tim Cook: Apple creating $1B fund to bring manufacturing jobs to the U.S.

Apple unveils new “spaceship” headquarters Apple CEO Tim Cook said Apple is putting $ 1 billion into a fund aimed at bringing advanced manufacturing jobs to the United States. Speaking on CNBC’s Mad Money on Wednesday, Cook boasted that Apple has already created two million jobs in America and said the company has plans to hire “thousands more employees in the future.” But Apple(AAPL, Tech30) is searching for ways to do more, Cook said. He called the $ 1 billion an “initial” donation to the fund and said he’s already ...

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U.S.: We'll pay for missile defense system in South Korea (for now)

The South Korean firm facing China’s wrath After President Trump set off a furor over who should pay for a U.S. missile defense system that’s being installed in South Korea, his national security chief said Washington will pick up the check. For the time being, at least. White House national security adviser Lt. Gen. H.R. McMaster told his South Korean counterpart that the U.S. would continue to bear the cost of the system, according to a statement Sunday from the office of the South Korean president. McMaster was responding to ...

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China deports U.S. businesswoman it convicted of spying

Sandy Phan-Gillis was detained by Chinese authorities in March 2015 during a business trip. China has deported an American businesswoman whom it convicted of spying a few days earlier. Sandy Phan-Gillis spent more than two years in Chinese custody after being detained in March 2015 during a business trip with officials from Houston. She arrived back home in the U.S. late Friday, according to Shang Baojun, her lawyer in China. A court in the southern Chinese city of Nanning on Tuesday had sentenced her to three-and-a-half years in prison and ...

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Clamp down on visas for doctors could hurt these parts of the U.S.

How Trump’s travel ban hits this South Dakota doctor Limiting the number of foreign doctors who can get visas to practice in the United States could have a significant impact on certain hospitals and states that rely on them, according to a new study. The research, published online in the Journal of the American Medical Association this week, found that more than 2,100 U.S. employers were certified to fill nearly 10,500 physician jobs through H-1B visas nationwide, in 2016. That represents 1.4% of the physician workforce overall. There were wide ...

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Another big U.S. deal for China's Anbang just fell through

US and China by the numbers Anbang, the acquisitive Chinese insurer with big ambitions abroad, isn’t having much luck cracking America. U.S. life insurer Fidelity & Guaranty(FGL) said Monday that it has killed a deal to be bought by Anbang for $ 1.6 billion. It’s the latest of several high-profile U.S. acquisitions for Anbang that haven’t worked out. The opaque Chinese group walked away from a $ 14 billion offer for Starwood Hotels & Resorts Worldwide last year following a bidding war with Marriott International(MAR). And last month, the family ...

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Chinese giant outbids U.S. rival for firm that handles Mexico money transfers

Jack Ma: President Trump must work with China A Chinese financial services giant is back in front in the race to buy U.S. money transfer service MoneyGram. The Chinese firm, Ant Financial, just upped its offer to $ 1.2 billion for MoneyGram(MGI), one of the most popular avenues for sending money from the U.S. to Mexico and other countries. The original deal struck in January was for $ 880 million, but U.S. company Euronet Worldwide(EEFT) jumped in last month with an unsolicited $ 1 billion offer. That forced Ant, an ...

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