Korean Internet Giant Naver To Buy American Fashion Reseller Poshmark For $1.2 Billion
South Korean billionaire Lee Hae-jin’s Naver, the country’s largest internet company by market capitalization, agreed to acquire American fashion e-commerce platform Poshmark for $1.2 billion, furthering the tech giant’s international…
Micron Plans Investment of Up to $100 Billion in New York Chip Factory
Micron Technology Inc. said it plans to invest as much as $100 billion over the next 20 years to build a factory in upstate New York to boost US production…
VA Falling Short on Buy American Act Compliance, Audit Finds
An audit has found that one of the main centralized procurement offices at the VA “did not always meet the intent and requirements of the Buy American Act”, blaming insufficient…
Taiwan Bank to acquire American Continental amid military tension with China
The US currently has more than 70 Asian American or Pacific Islander American owned banks, according to Investopedia. East West Bank leads the way, with Taiwan-based CTCB Bank being among…
Amtrak’s New Acela Trains Touted to Be Just the Ticket for Faster, More Reliable Service
In compliance with a “Buy American” rule of its contract with Amtrak, manufacturer Alstom (a French rolling stock firm with a New York State plant) is using suppliers in 27…
‘Buy American’ Seen as a Boon to LOCAL ManufacturERS
“U.S. industrial capacities are key to our economic and national security. Every dollar spent on American-made materials supports the U.S. economy at multiple levels,” Tim McKernan, facility manager at EJ…
Rep. DeFazio urges FTA to enforce Buy American provision
“One of the greatest threats to a strong U.S. transportation manufacturing sector is the rise of predatory Chinese state-owned and -supported enterprises (SOEs), which rely on government-subsidized, below-market pricing to…
NEWSOM SIGNS SEN. CABALLERO’S ‘BUY AMERICAN’ FOOD BILL
Gov. Gavin Newsom on Tuesday signed SB 490, the bill from Sen. Anna Caballero that would require schools receiving federal funding for prepared meals to purchase domestically produced food products….
Smithfield Foods to Pay $75 Million in Pork Price-Fixing Settlement
The Smithfield, Virginia company is a unit of Hong Kong-listed WH Group ltd, which calls itself the world’s largest pork company. Several companies have faced lawsuits in Minneapolis and Chicago…