There was a buzz in the air during the 33rd edition of the Havana International Fair, Cuba’s weeklong commercial extravaganza. It was 2015, the year the United States and Cuba renewed diplomatic relations and U.S. companies were betting on new business opportunities on the island. But three years later, as the fair opened in Havana this week and Cuba’s dealings with the Trump administration are prickly, much of that enthusiasm has faded away.“Dismal” is how John Kavulich, president of the U.S.-Cuba Trade and Economic Council, describes both the level of interest by U.S. businesses in Cuba and the island’s current investment climate. “There continue to be some companies interested in doing things in Cuba, but for a country of 11 million people, interest is nowhere near what it should be,” he said. Cuban state media has reported about 16 U.S. firms have a presence at the 36th annual fair, which runs through Friday, but it appears that fewer than … [Read more...] about U.S. business interest in Cuba turns ‘dismal’
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LOS ANGELES, Oct. 24, 2018 (GLOBE NEWSWIRE) -- B. Riley FBR, Inc., a leading full service investment bank and wholly-owned subsidiary of B. Riley Financial, Inc., acted as the exclusive financial advisor to private equity firm Atlas Holdings LLC in its sale of Amaray’s U.S. business to Westfall Technik, Inc. (“Westfall”), a global holding company that provides highly productive plastics manufacturing solutions to the medical, packaging and consumer industries. Amaray U.S. is the leading supplier of media packaging and a growing supplier to the consumer packaged goods, personal care, and healthcare markets with two plant operations in Pittsfield, MA and Elizabethtown, KY. /EIN News/ -- Jacob Hudson, Managing Partner of Atlas Holdings, commented on the transaction, “B. Riley FBR was critical in helping to find the best buyer for the business, allowing us to maximize value while providing a bright future for the employees, customers and other stakeholders of … [Read more...] about B. Riley FBR Advises Atlas Holdings LLC in the Sale of Amaray’s U.S. Business to Westfall Technik, Inc.
Henry Meyer and Andrey Biryukov, Bloomberg Published 2:34 am CDT, Wednesday, October 17, 2018 FILE In this file photo taken on Wednesday, May 12, 2018, Russian President Vladimir Putin, left, speaks with Igor Sechin, CEO of Russian oil giant Rosneft, at a joint news conference with Italian Prime Minister Paolo Gentiloni at the Bocharov Ruchei state residence in Russian Black Sea resort of Sochi, Russia. less FILE In this file photo taken on Wednesday, May 12, 2018, Russian President Vladimir Putin, left, speaks with Igor Sechin, CEO of Russian oil giant Rosneft, at a joint news conference with Italian Prime ... more Photo: Yuri Kadobnov, Associated Press The Organization of Petroleum Exporting Countries was created by Iran, Iraq, Kuwait, Saudi Arabia and Venezuela in 1960. The following data is from 2018. The Organization of Petroleum Exporting Countries was created by Iran, Iraq, Kuwait, Saudi Arabia … [Read more...] about U.S. business group warns on ‘scorched earth’ Russia sanctions
44 Comments By Jennifer Smith Jennifer Smith The Wall Street Journal BiographyJennifer Smith @jensmithWSJ Google+ [email protected] Updated Aug. 9, 2018 1:04 p.m. ET Empty trucks are so hard to come by right now that Dean Foods Co. DF 0.82% , one of North America’s largest milk suppliers, cut its full-year earnings outlook in part because it simply can’t move its goods for anything close to what it expected to pay this year. “Industry capacity for truck drivers remains extremely tight. This is driving third-party hauling rates to record levels, up 26% versus prior year,” Chief Executive Ralph Scozzafava said in a Tuesday call with investors. The warning from the Dallas-based dairy processor puts Dean in a growing line of U.S. businesses struggling with the tightest freight market in recent memory. Distribution channels that carry goods to retailers, factories and consumers are struggling to keep up with the fast-growing U.S. economy as more … [Read more...] about Trucking’s Tight Capacity Squeezes U.S. Businesses
Democracy Dies in Darkness Sections Home Try 1 month for $1 Username Sign In Account Profile Newsletters & Alerts Gift Subscriptions Contact Us Help Desk Subscribe Account Profile Newsletters & Alerts Gift Subscriptions Contact Us Help Desk Accessibility for screenreader Monkey Cage Analysis Analysis Interpretation of the news based on evidence, including data, as well as anticipating how events might unfold based on past events by Geoffrey Gertz by Geoffrey Gertz May 10 at 7:00 AM German President Frank-Walter Steinmeier, right, and U.S. Ambassador Richard Grenell meet Tuesday in Berlin. (Michael Sohn/AP) Wednesday, on his first day on the job, new U.S. ambassador to Germany Richard Grenell sparked a minor controversy after warning on Twitter that “German companies doing business in Iran should wind down operations immediately.” German businesses did not appreciate this … [Read more...] about Trump might be hurting U.S. businesses by leaving so many ambassador posts empty