BP Plc , which gave Russia’s state- controlled OAO Rosneft a 5 percent stake, may not have to face a U.S. review that lawmakers are demanding, according to the head of a group representing U.S. subsidiaries of overseas companies.
State leaders are ignoring the anti- China rhetoric from the U.S. Congress and presidential candidates as they pursue investments by companies in the world’s second-largest economy at a pace that may accelerate.
Foreign-based multinational corporations won a victory in the U.S. Congress as senators agreed to drop a provision targeting some cross-border transactions from legislation that could pass before year’s end.
Softbank Corp. buys mobile-phone network gear from Chinese companies viewed as security threats by U.S. lawmakers, and the relationship may become an issue as regulators review its bid for Sprint Nextel Corp.
After a 40 percent drop in sales from October 2008 to February 2009, Materials Processing Inc. laid off workers, changed the way it sets prices and took fewer risks in the volatile commodities markets.