Nancy Mclernon News
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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.
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Companies based outside the U.S. such as HSBC Holdings Plc and SAP AG are lobbying Congress on an overhaul of the U.S. tax code with a different set of priorities than those of their U.S.-based counterparts.
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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.
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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.
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Chinese energy giant Cnooc Ltd., whose efforts to buy a U.S. oil company in 2005 sparked an outcry over foreign ownership, hired two Washington lobbying firms just before announcing its plan to buy Nexen Inc.
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As President Barack Obama planned a visit to the Washington Auto Show for Jan. 31, non-U.S.-based automakers including Honda Motor Co. and Toyota Motor Corp. hustled to show off for him.
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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.
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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.
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