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American Company

All articles tagged with #american company

businesstech2 years ago•2 min saved

"Business Leaders Vying to Acquire TikTok Amid Ban Threats"

Kevin O'Leary, chairman of O'Leary Ventures and "Shark Tank" star, has offered to purchase TikTok from China and relocate its operations to the U.S. in response to potential legislative action against the app. O'Leary aims to create a new American company, ensuring servers are on American soil and eliminating Chinese back doors in the code for user safety. He plans to work with lawmakers to oversee the transition and is open to leaving a minority stake with the Chinese. The proposed legislation would require TikTok's Chinese parent company ByteDance to divest its applications within 180 days or face a ban, and O'Leary's offer comes amid bipartisan support for the bill.

via Fox Business|

#acquisition #american-company #businesstech

politics3 years ago•2 min saved

Mexican military seizure of American company's property raises trade concerns for Biden administration.

The Biden administration expressed concern over the Mexican military's seizure of an American company's property in Mexico, warning of potential negative impacts on trade and investment certainty within Mexico. Vulcan Materials, the largest producer of construction aggregates in the U.S., said the seizure was likely due to the breakdown of contract negotiations with CEMEX and ongoing tensions with the Mexican government over its mining operations. U.S. government officials, including Sen. Tommy Tuberville, R-Ala., have criticized President Biden's failure to address Mexico's aggression towards Vulcan.

via Fox News|

#american-company #biden-administration #mexico

business3 years ago•5 min saved

Mexican military and police seize American company's Caribbean facility, sparking outrage.

The Mexican military and local state police have seized an American company's quarry facility in Mexico, sparking outrage among former and current government officials. Vulcan Materials, the largest producer of construction aggregates in the US, said the military and police forced the company to allow CEMEX, a Mexican-owned materials company, to unload a shipment of cement from a ship in the port. Vulcan has been in tension with Mexico for months after Mexican President Andrés Manuel López Obrador forced a shutdown of the quarry's operations in May 2022.

via Fox News|

#american-company #business #government-seizure

business3 years ago•5 min saved

Mexican military and police seize American company's Caribbean facility, sparking outrage.

The Mexican military and local state police have seized an American company's quarry facility in Mexico, sparking outrage among former and current government officials. Vulcan Materials, the largest producer of construction aggregates in the US, accused the Mexican navy and police of forcing the company to allow CEMEX, a Mexican-owned materials company, to unload a shipment of cement from a ship in the port. Vulcan has been in tension with Mexico for months after Mexican President Andrés Manuel López Obrador forced a shutdown of the quarry's operations in May 2022. The seizure could have significant geopolitical and economic implications for the US.

via Yahoo News|

#american-company #business #infrastructure