Oddly Peabody’s bankruptcy comes at a time when the Donald Trump Administration is giving the fossil fuel industry the go ahead. The world’s largest private sector coal producer, Peabody Energy Corp, has disclosed that it expects to file bankruptcy under… Read More ›
Donald Trump
Halt to second travel ban only temporary
Major tech companies have skipped putting their names on the brief that is posing as a challenge to Donald Trump’s travel ban. Facebook, Apple and Alphabet Inc’s Google along with 60 other technology companies appeared to have backed away from… Read More ›
VW set to plead guilty to emissions in the U.S.
While there have been hundreds of articles saying how much pollution VW has caused with its cheating scandal for which it has now agreed to pay up to $25 billion in fines in the U.S. alone, with the Trump administration… Read More ›
Trump Administration could reset U.S. Japan relations back to the 1980s
While the U.S. government may want Japan to open up its agricultural sector, Japan would prefer that the talks revolve around issues such as foreign direct investment, infrastructure and energy. Japan has outright rejected U.S. demands for more access to… Read More ›
Comcast, AT&T, and Verizon to benefit from Congress overturning Obama Administration’s privacy rules
Earlier under the Obama Administration’s rules, ISPs would have to obtain consumer consent before they are allowed to use financial, health and children’s information using geo-location through their web- browsing history for advertising and internal marketing purposes. The U.S. Congress… Read More ›
Banks paid $321 billion in fines after the 2007-2008 financial crisis: Boston Consulting Group
The fines indicate the growing efficiency of regulators in ensuring compliance from banks midst efforts made by the Trump administration to loosen banking laws. As per a note prepared by the Boston Consulting Group, with regulators stepping up their scrutiny,… Read More ›
White House proposal has significant budgetary cuts for ongoing environment and climate change programs
The Trump Administration aims to squeeze funds from climate change and environmental programs to direct them to fortifying the military. According to a person with direct knowledge of the proposal, the White House is proposing a significant cut, by as… Read More ›
Viacom tweaks bond language eyeing taw law reforms on the horizon
Attractive terms for Viacom’s hybrid bonds have helped rope in a slew of investors. The opportunity cost of not investing in them is too high for investors; they have all piled into Viacom’s bond offering. Although investors lapped up US… Read More ›
Andrew Olmem joins White House economic council
Although it is as yet unclear as to what post Olmem will take, the National Economic Council coordinates on economic policy matters across Trump’s Cabinet. Olmem, an attorney, was a leading staff negotiator who put together the Doff-Frank Act, which… Read More ›
President of United Auto Workers amplifies Trump’s ‘buy American’ message
The development could spell trouble for Tesla since the UAW has now got in touch with its workforce, increasing the chances of their forming/joining an union. Dennis Williams, the President of United Auto Workers has disclosed that the union is… Read More ›