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U.S. multinational corporations are pushing the Trump administration to soften the president’s executive order banning Chinese app WeChat, fearing a total ban will hinder their business efforts in China. Trump ordered the Commerce Department earlier this month to draw up a plan to ban WeChat within 45 days. WeChat is China’s most common messaging app, …
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Secretary of State Mike Pompeo said Wednesday that he warned Russian foreign minister Sergey Lavrov against placing bounties on the heads of U.S. troops in Afghanistan, assuring him there would be “an enormous price to pay.” “If the Russians are offering money to kill Americans, or for that matter other Westerns as well, there will …
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Kodak’s stock price plummeted early Monday after the Trump administration slammed the brakes on a loan deal to help the company launch a pharmaceuticals business. Shares in the former photography giant tumbled 38.2 percent to $9.20 by 7:50 a.m. after the US International Development Finance Corporation put the $765 million loan on ice amid probes …
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According to Secretary of State Mike Pompeo, new measures will be announced to help the people of Lebanon. “We stand ready to assist the government of Lebanon as it grapples with this horrible tragedy,” he stated. “You’ll see the United States announce a number of things we intend to do to assist the people of …
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“Most believe” the explosion in Beirut on Tuesday “was an accident, as reported,” Defense secretary Mark Esper said Wednesday after President Donald Trump called the incident an attack one day earlier. The U.S. is “still getting information on what happened” and reaching out to the Lebanese government, Esper said in a discussion at the annual …
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The Securities and Exchange Commission is probing Kodak’s handling of material information about the startup pharmaceutical business it’s launching with the help of Uncle Sam. According to the Wall Street Journal, the regulator is examining whether Kodak jumped the gun on a July 28 announcement that it had received a $765 million federal loan to …
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White House press secretary Kayleigh McEnany on Friday condemned the decision to delay legislative elections in Hong Kong, one day after President Trump asked if the U.S. should postpone its own November election. “We condemn the Hong Kong government’s decision to postpone for one year its legislative council elections and to disqualify opposition candidates,” McEnany said at a press …
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Federal officials say a convicted felon with mob ties and his wife fraudulently raised more than half a billion dollars from investors for their company, which loaned cash to small businesses at interest rates as high as 400 percent. Convicted felon Joseph LaForte, who goes by the name Joe Mack, and his wife Lisa McElhone …
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In a move that sparked bipartisan criticism, the Trump administration announced Wednesday that the U.S. will pull nearly 12,000 troops from Germany, a decision President Trump said is a response to Germany’s reluctance to spend a greater share of its gross domestic product on defense. About a third, 11,800 Army and Air Force units, of …
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The net worth of Kodak’s top executive has skyrocketed on the company’s transformation from an ailing camera maker to cutting-edge pharmaceutical start-up — thanks in part to some timely share purchases. James Continenza, Kodak’s executive chairman and de facto CEO, was sitting pretty as the company’s largest individual shareholder — with 650,000 shares — when …