Page 2 - Us Companies

China's President Xi Jinping meets US executives, academics in Beijing

The audience with Xi follows Chinese Premier Li Qiang not meeting visiting foreign CEOs at the China Development Forum in Beijing on March 24-25

US companies turning more optimistic in China outlook, shows survey

Still, 43 per cent of surveyed AmCham members indicated they don't plan to expand their investments this year, and another 5 per cent planned to cut the spending

Apple returns to list of top US employers as other tech firms lose appeal

The best company to work for was management consultant Bain & Co., followed by chipmaker Nvidia Corp., whose products underpin the booming artificial intelligence field

US companies picky about investing in China, but keen on burgers, lattes

There's been no shortage of tough news for China's economy as some of the world's biggest brands consider or take action to shift manufacturing to friendlier shores at a time of unease about security controls, protectionism and wobbly relations between Beijing and Washington. Count Adidas, Apple and Samsung among those looking elsewhere. But as a tumultuous 2023 for the Chinese economy comes to a close, there has been at least one bright spot for Beijing when it comes to foreign investment: American fast-food chains have decided a market of 1.4 billion people is simply too delicious to pass up. KFC China's parent company opened its 10,000th restaurant in China last month and aims to have stores within reach of half of China's population by 2026. McDonald's is planning to open 3,500 new stores in China over the next four years. And Starbucks invested $220 million in a manufacturing and distribution facility in eastern China, its biggest project outside the U.S. This is surely not wh

Have no regrets about returning, despite challenges, says Disney's Iger

Iger, who came back as CEO a year ago after the dismissal of his hand-picked successor Bob Chapek, said the company has emerged from a year of "fixing a lot of things"

Sam Altman is back at OpenAI, but questions remain as to why he was fired

Altman had been fired Friday after clashing with the board over his drive to transform OpenAI from a nonprofit organisation focused on the scientific exploration of artificial intelligence

New Binance CEO Richard Teng's first job is to avert customer exodus

Teng, 53, succeeded Zhao as the chief executive of the world's largest crypto exchange after the company and Zhao pleaded guilty to US anti-money laundering and sanctions violations

Musk's X to file 'thermonuclear' lawsuit against media watchdog: Report

Musk on Wednesday endorsed an antisemitic post on X that falsely claimed members of the Jewish community were stoking hatred against white people

Byju's in talks to sell US unit Epic for $400 mn to ease financial pressure

Byju's and its creditors are locked in conflict over a missed interest payment on a term loan that the startup had taken out to help finance a global acquisition spree during the pandemic

US companies express interest to invest around Rs 25,000 cr in Karnataka

The Karnataka government on Thursday said several American companies have evinced interest to invest around Rs 25,000 crore in the state. Jointly addressing a press conference regarding the outcome of the visit by a business promotion delegation headed by them to the US, by Large and Medium Industries Minister M B Patil and Electronics & IT/BT Minister Priyank Kharge said some of the companies are already in the process of investing around USD one billion in the state. During the visit that spanned from the east coast to the west coast of the US, a total of 36 interactive meetings were held. "While some companies have planned to commence their operations here some others have proposed to expand their already existing operations. Our discussions primarily focussed on semiconductors, aerospace and defence, electric vehicles, space, and precision manufacturing," Patil said. Discussions were held with leading companies like Applied Materials, AMD, Juniper, Global Foundries, LAM ...

After quiet quitting & quiet firing, are companies now quiet cutting?

Quiet cutting is a move by companies where they remove positions but do not fire any employees

Honeywell launches new AGL manufacturing facility in India's Gurugram

AGL, a product engineered and manufactured completely in India, plays a crucial role in airport operations

US-based firm OnSolve launches new technology centre in Bengaluru

OnSolve is witnessing swift adoption of its threat mitigation solutions across vital industries such as healthcare, financial services, manufacturing, oil and gas, and government sectors

Amazon cracking down on US employees who stay away from the office

Despite the end of pandemic-era, many employees are reluctant to come back to the office full time

Mahindra Group to aid US companies to set up manufacturing base in India

The company further said that Mahindra Group offers self-sufficient industrial parks at strategic locations, and has the expertise to guide companies through the approval processes

US EV startup Fisker announces India debut with an SUV of 563 km range

Fisker is set to make its debut in India in September 2023. It will sell only 100 units initially, and the company will also set up a manufacturing unit in India in the upcoming years

Unicorn CFOs: US leans more on outside hires than India, has older set too

Study by WalkWater Talent Advisors also points to gender disparity, with women CFOs only leading 4% of Indian Unicorns, compared to 17% in US

Chinese police questions staff at Beijing office of Bain & Company: Report

This follows a similar raid at another US firm Mintz's Beijing office last month

US retailer Bed Bath & Beyond files for bankruptcy as turnaround fails

The company estimated it had assets of $4.4 billion and total debt of $5.2 billion as of late November, according to a court filing

Indian economy today is transparent, open: Sitharaman to US biz community

The Indian economy today is transparent, open and watchable, Union Finance Minister Nirmala Sitharaman told the American business community on Tuesday making a strong pitch before them to come and invest in India and be part of the country's amazing growth story. Addressing a luncheon meeting of the US-India Strategic and Partnership Forum, Sitharaman told representatives of the top US companies that these are results of the pathbreaking and futuristic reforms, including digitisation being undertaken by Prime Minister Narendra Modi in the last nine years. Digitisation has had an immense impact on the Indian economy, bringing transparency, Sitharaman said. Earlier, nearly 40 per cent of the Indian economy was grey. Today, the government has incentivised many of these transactions, if it is digital, you get concessions and then onboarded people onto the digital system. Now, the Indian economy is not small, (it is) transparent, open, watchable if you want to use that word. With all t