Us Companies

US-based Figma bets on India's design talent, opens Bengaluru office

US-based Figma has opened a new office in Bengaluru, calling India its second-largest market after the US; the company serves users across 85% of Indian states, including top tech firms

Nearly half of US firms in Europe expect declining economic ties: Report

The survey, carried out among 52 US-controlled members between September 8 and 16, showed that reducing tariffs was still the number one priority

US financial firms pledge $1.7 billion to Britain ahead of Trump's visit

The investment is expected to create 1,800 jobs across London, Edinburgh, Belfast and Manchester, and deepen transatlantic financial ties

Will advocate trade reforms in India: US envoy-designate Sergio Gor

Sergio Gor says reforms in India's labour norms and market access are key to fair trade, as US aims to double bilateral trade to $500 bn by 2030

Firms boost economic data products as trust in official US statistics wanes

Third-party providers garner even more attention during government shutdowns when federal data aren't published

Why US brands are ditching American roots to reach international markets

Amid rising tariffs and global anti-American sentiment, major US companies are shedding national imagery and localising ads to stay competitive abroad

US companies hit hard by Trump's tariff plans; can they expect relief?

He was further asked how the administration plans to decide on what companies should and should not be exempted, and he said it will be considered 'instinctively'

Donald Trump has companies in Europe and Asia walking DEI tightrope

Companies from Roche Holding AG to Nissan Motor Co. have backpedaled on DEI policies in the US

H-1B visa system 'broken', in need of 'major reform', says Elon Musk

The remarks come amid a growing debate over the future of the H-1B visa, a programme that allows US companies to employ highly skilled foreign workers in specialised fields

Mexico officials warn about Trump's tariff impact on US companies

Trump campaigned on a pledge to roll out a slew of tariffs, including for firms that had moved operations to Mexico, in a bid to restore jobs in the US

American CEOs say this is as bad as it gets for corporate earnings

A broadening becomes especially important for the rally's progress now that megacap tech companies are projected to show slowing profit growth, on average

US fund urges Seven & i to allow due diligence on Couche-Tard buyout offer

Artisan has been among some of Seven & i's vocal foreign investors who have urged the company to focus on its core convenience store business

Mahyco seals joint venture with US' RiceTec for HT rice and wheat

In the case of HT rice, the technology that the JV will commercialize is called 'FullPage' which is a new generation double stack mutant herbicide-tolerant rice technology

Retail giant Amazon adds Grubhub food delivery to its website, app in US

As part of the agreement, Amazon Prime members will continue to be eligible to avail a free Grubhub+ membership worth $120 a year, which includes free delivery on orders above $12

Retail giant Walmart to fire hundreds of corporate staff, relocate others

Walmart employed approximately 2.1 million associates as of Jan. 31, 2024, according to regulatory filings

Europe, US companies back India for derisking from China: Survey

The other key emerging markets, the survey said, are southeast Asia, where 60 per cent of the respondents were willing to put in 50 per cent more investment in the next three years

Freshworks founder Mathrubootham steps down as CEO, Woodside takes charge

Girish Mathrubootham becomes executive chairman of Nasdaq-listed SaaS firm to focus on 'long-term' vision

American Express opens its largest campus worldwide in Gurugram, India

At nearly one million square feet, the new campus will become operational by the end of the month

Tensions between Beijing, Washington biggest worry for US firms in China

Simmering tensions between Beijing and Washington remain the top worry for American companies operating in China, according to a report by the American Chamber of Commerce in China released Tuesday. The survey of US companies said inconsistent and unclear policies and enforcement, rising labour costs and data security issues were other top concerns. It also said that, despite the insistence of Chinese leaders that Beijing welcomes foreign businesses, many still are hindered from free competition. The Chinese government has stated that it encourages foreign direct investment, but many of our members continue to encounter barriers to investment and operations including policies that discriminate against them and public relations campaigns that create suspicion of foreigners, the report said. The report welcomed an improvement in relations in 2023 that was capped by summit meetings of Chinese leader Xi Jinping and President Joe Biden, but said the US presidential election in November w

US firm helping immigrants in detention to pay over $811 mn in lawsuit

A company that provides services for immigrants in federal detention was ordered Tuesday to pay more than $811 million in restitution and penalties in a lawsuit alleging it used deceptive and abusive tactics. Nexus Services must pay roughly $231 million in restitution as well as penalties of $13.8 million to New York, $7.1 million to Virginia and $3.4 million to Massachusetts, according to a judgement filed in federal court for the Western District of Virginia in Harrisonburg. The Virginia-based company, its subsidiary Libre by Nexus and its three executives must also each pay more than $111 million in civil penalties. This judgment is a victory for thousands of immigrant families who lost their life savings and were targeted and preyed on by Libre, New York Attorney General Letitia James said in a statement. Libre exploited vulnerable immigrants and their families to pad its pockets, and that is illegal and unconscionable. James joined state attorneys general in Virginia and ...