Illinois, with the backing of the state treasurer, is looking to enact a law which will help ensure that insurance companies pay out benefits of life insurance policies which until now have not been distributed. The new legislation will compel companies to look at the last 20 years of payment history to check that all… Continue Reading
It’s always interesting to see where the movers and shakers today got their education. There are many fine institutions that are teaching students about public policy, public affairs and international relations. One such school, The Maxwell School of Citizenship and Public Affairs at Syracuse University, has an extensive alumni directory where they are continually updating… Continue Reading
Brendan Lindsay, founder and 90 percent owner of kitchen plastics company Sistema, said yes to Newell’s second offer to purchase his company for $660 million. In 2014 Lindsay turned down a similar offer because Newell would not commit to keeping the factory and its 700 jobs at home in New Zealand. This year, after visiting… Continue Reading
The National Center for Science and Engineering Statistics published a report stating that half of all the money spent on research and development in the US is spent in only five states. The report focuses on the R&D expenditures for 2013, the total of which was $255 billion. It showed that business R&D is more… Continue Reading
German supermarket chain Lidl is entering the US market. With about 10,000 stores in 26 countries throughout Europe, Lidl is planning to add up to 150 stores along the East Coast of the US by 2018. The chain’s headquarters in the US is in Arlington, Virginia, and its warehouses are now being built in Cecil… Continue Reading
Promising to “revolutionize” the tax code in favor of business, Donald Trump revealed a comprehensive and coherent agenda for how he will lure businesses back to the United States through taxation policy. In his address to the Economic Club of Detroit, the Republican candidate for president promised what he called the biggest “tax revolution” since… Continue Reading
On the campaign trail in support of Democratic presidential candidate Hillary Clinton, billionaire Warren Buffet challenged Clinton’s rival, Republican candidate Donald Trump, to release his tax returns. The race for the President of the United States is Trump’s first encounter with running for any kind of office. Not a politician, Trump is a businessman who… Continue Reading
Verizon Communications Inc, America’s largest wireless operator, said it is purchasing Yahoo Inc’s core internet properties for $4.83 billion in cash. The deal signals the end of an internet pioneer and the beginning of a new, huge internet push by the telecommunications giant. The deal will combine Yahoo’s messenger, email and search abilities and its… Continue Reading
The case of the US Federal Trade Commission against diet supplement giant Herbalife has come to an end as neither side fully gets what they wanted. Herbalife was able to escape the lawsuit without being labeled as a “pyramid scheme,” worth a lot more than the $200 million fine they were forced to pay, as… Continue Reading
Beginning on July 1 Amazon.com, Inc will drastically reduce the fees it charges merchants to sell items such as screen protectors, USB cables, and other small flat products that can easily fit into an envelope. This move is a direct competitive threat to giant companies it competes with like eBay, Alibaba Group Holding Ltd, and… Continue Reading