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
The Wall Street Journal, citing and annual Congressional report on refugees, reported that the Obama administration is planning to increase the number of refugees entering the US next year by 30 percent. The new target figure of 110,000 was presented to Congress by Secretary of State John Kerry will commence on October 1 for the… Continue Reading
The US Census Bureau is expanding its usefulness into the world of start-ups, jobs and productivity with its first, to be annual, Survey of Entrepreneurs. The results were released last Thursday. One interesting piece of data: Out of a total of 5.4 million US companies with paid workers, 8.9 percent, or 481,981 of them were… Continue Reading
In what is still an unconfirmed development, sources close to the company have reported to the popular technology news site CRN that Cisco Systems Inc will be laying off approximately 14,000 workers. That number represents about 20 percent of their global workforce. Cisco is a giant maker of network equipment. “As we’ve met with investors… 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
Through the process of its amended tax law regulations, the IRS is likely to encounter hostility at the upcoming December 1 hearing on the matter. Much of the discussion will focus on whether or not it will be accused of “overstep[ing] its authority” in this regard. What are the experts saying on this? Pioneer Wealth… 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
Isaac Dabah, CEO of Delta Galil, is “returning to [his] first love” with the company’s purchase of 7 For All Mankind, Ella Moss and Splendid from US firm VF Corporation. The transaction – costing Dabah’s firm $120 million – is said to be Delta Galil’s “largest-ever acquisition.” It is expected that this enterprise will boost… 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