In a friendly prelude to the upcoming US Africa Summit, the Fourth Ethiopian-US Business Form took place in the Texas city of Houston. Leading the delegation of Ethiopian businessmen was President Mulatu Teshome. President Teshome stated that he believes an excellent business climate has been created not just for Americans, but for investors from other… Continue Reading
Louis Lipschitz, the man who played a key role in keeping the finances of the giant toy company Toys ‘R’ Us strong, passed away at the age of 69 after a brief illness. As the chief financial officer of Toys ‘R’ Us, Lipschitz led his company from 300 stores and annual sales of less than… Continue Reading
In a move which represents the first defense technology transfer since they relaxed their military export rules last April, Japan has given the go ahead for the export to the US of a locally manufactured part for a missile defense system. Japan also will pursue a joint research project with Britain on technology for air-to-air… Continue Reading
According to The Global Business Travel Association, business travel that originated in the US grew by 3 percent in 2014 over the previous year. Company’s spent $71.2 billion in the first quarter of 2014, an increase of 7.6 percent over the same period during the previous year. Analysts believe that US business travel spending will… Continue Reading
In response to an upsurge in the threat of attack and an increased fear that terrorists are working on a bomb which can be brought onto an airplane undetected, the Transportation Security Administration will soon be issuing orders that will require some overseas airports to require passengers boarding US bound flights to power up their… Continue Reading
According to a Localytics report, Americans are not necessarily overly devoted to their home country when it comes to following the World Cup. While 92% of OnefootballBrasil users from Brazil follow their home country; only 22% of Americans are using that app to keep tabs on the US soccer team. Even more pathetic for American… Continue Reading
This past Monday President Obama hosted a summit to discuss how the United States can improve its policies towards families, especially working mothers. At the top of the list of subjects was paid maternity leave for moms. “Only three countries in the world report that they don’t offer paid maternity leave — three — and… Continue Reading
Digital advertising company Solve Media reports that car companies will be spending at least $500 million on online advertisements in the United States this year which no one will ever see. The report looked at fraudulent web traffic by which tracking thousands of web sites which are solely about cars and other vehicles. Solve Media… Continue Reading
What had been a market in the doldrums was roused from listlessness this week after the announcement by the Federal Reserve that the US job market is improving and inflation is low. Wednesday’s rise in the Standard & Poor’s 500 index was the fourth straight day of rising values, reaching a record high at closing… Continue Reading
April was a strong month for the US economy as business inventories posted their largest increase in six months. Leaving out figures for automobiles, the data support expectations for a significant improvement in growth during the year’s second quarter. Numbers released by the Commerce Department on Thursday showed inventories rising by 0.6 percent in April,… Continue Reading