Page 5 - Us Companies

NYSE-listed StarTek eyes digital deals with CSS Corp

Though both the companies will work at an arm's length, StarTek will leverage CSS and collaborate on three things

Intel to spend $20 bn on US chip plants as CEO challenges Asia dominance

Intel will expand advanced chip manufacturing capacity as the new chief announced plans to spend as much as $20 billion to build two factories in Arizona and to open up factories to outside customers

Oracle, Intuit veteran Sanket Atal joins Salesforce as India MD

India is home to the second-highest Salesforce workforce outside of the US.

Judge Biden stimulus on speed of return to pre-Covid unemployment: Yellen

Speaking to a New York Times Dealbook online event, Yellen also played down the increased debt levels that would be incurred from Biden's $1.9 trillion American recovery plan being debated in Congress

Several companies freeze operations as severe weather disrupts parts of US

UPS rival FedEx said severe weather was affecting its ability to deliver packages in certain cities

Hard labour for cheap stuff

Book review of Made in China: A Prisoner, an SOS Letter, and the Hidden Cost of America's Cheap Goods

Amazon's Jeff Bezos to step down as CEO in Q3, Andy Jassy to take over

Bezos, who founded the company 27 years ago, will become the executive chairman of the Amazon Board

Make in America

Joe Biden's executive order raises concerns

American Airlines' quarterly loss better than expected, shares jump 60%

American joined rival Delta Air Lines in calling 2021 a year of recovery for an industry that has been ravaged by the coronavirus pandemic.

JC Flowers, Eight Capital to launch fund to invest in distressed assets

The JCF Fund will be set up as an umbrella variable capital company (VCC) in Singapore to aggregate contributions of international investors for investment in distressed companies in India

Amazon's hiring spree continues in 2021, 3,000 new jobs to Boston

Amazon's 2020 hiring spree does not appear to be slowing in the new year with the company announcing 3,000 new jobs in Boston in coming years.

Companies donated $170 million to Republicans who rejected Biden win

Corporations and industry groups have donated at least $170 million in recent years to Republicans who rejected President-elect Joe Biden's victory over President Trump, according to a new report

Walmart, Disney suspend contributions to US lawmakers who opposed Biden win

Walmart Inc, the world's biggest retailer, and Walt Disney Co joined other major companies in indefinitely suspending donations to US lawmakers who voted against Joe Biden's election certification

Tesla overtakes Facebook to become fifth most valuable US company

Tesla shares are on a 10-day winning streak, the longest since April and only the second time since its 2010 initial public offering it's gained so many days in a row.

In Donald Trump era's end, an uneasy reckoning for corporate America

After Trump incited a mob to storm the Capitol, prominent business figures swiftly condemned the violence

US modifies H-1B process; to prefer wage, skill over lottery system

The notification was published in the Federal Register. It would come into force in 60 days

India says equalisation levy does not discriminate against any US company

India on Thursday said that 2 per cent equalisation levy (EL) does not discriminate against any US company as it applies equally to all non-resident e-commerce operators

USTR backs action against India's equalisation levy, finds it burdensome

Highlighting the discrimination part, the report said that of the companies that are subjected to India's equalisation levy, 72 per cent are American companies

US slams India, Italy on digital taxes, could impose retaliatory tariffs

Digital services taxes adopted by India, Italy and Turkey discriminate against US companies and are inconsistent with international tax principles, the US Trade Representative's office has said

Apple temporarily closes all stores in UK as coronavirus cases surge

Apple has temporarily shut down all retail stores in the UK as Covid-19 pandemic continues to peak in the country