Federal regulators claim that three men used insider information to profit illegally from Arch Coal’s acquisition of International Coal Group.
Frank Tamayo schemed with two other men to generate more than $5.6 million in profits from 13 mergers and acquisitions, the U.S. Securities and Exchange Commission says in a lawsuit.
One of the transactions [...]
Bloomberg writes that, ”The cost run-up was predictable – and unsurprising to anyone familiar with the history of bloated farm bills. The 2002 version of the bill, for example, was supposed to cost $451 billion over 10 years, but ultimately came in at $588 billion. The 2008 bill was even worse, chewing up $913 [...]
Two hundred and fifty Farmers Union members from across the country are in the nation’s Capital this week telling Congress to vote against the Trans-Pacific Partnership. South Dakota Farmers Union President Doug Sombke is heading up the state’s 25 member delegation. He says the current TPP under discussion doesn’t address the current trade deficit that’s [...]
The U.S. Federal Maritime Commission is unlikely to approve a proposed alliance between container-shipping giants Maersk Line and Mediterranean Shipping Co. before consulting with Chinese regulators, according to one of the agency’s commissioners.
FMC Commissioner William Doyle, one of the agency’s five commissioners, told The Wall Street Journal that he wants to consult with his [...]
Copenhagen-based Maersk Line and Geneva’s Mediterranean Shipping Company (MSC) submitted their 10-year agreement known as 2M with the US Federal Maritime Commission (FMC) on Wednesday local time. The scope of the deal will straddle trade routes from Europe to the US and into Asia.
The FMC will start a 45-day review period before a decision [...]
From the 15NowPDX campaign web site:
For the last 18 months ILWU Local 8 (along with other ILWU Locals 19, 21, and 23) has been embroiled in a labor dispute that has kept Local 8 locked out of the ports for over a year. This past week that labor dispute was resolved and a new [...]
In an article called ”Court rules in elevator’s favor in biotech dispute,” the Capital Press reports:
The Syngenta biotech firm can’t use a century-old warehouse law to force a grain elevator company to accept its genetically engineered corn, according to a federal appeals court.
The ruling will likely preclude other biotech seed companies from using [...]
A program overseen by the US Agency for International Development (USAID) sent almost a dozen youth to Cuba from Costa Rica, Venezuela, and Peru, with the goal of rousing opposition against the Cuban government, an Associated Press (AP) investigation revealed earlier this week.
USAID initiated the program shortly after the inauguration of US President Barack [...]
Mandated by the SAFE Port Act of 2006, the Department of Homeland Security issued a requirement that 100 percent of U.S.-bound ocean containers be scanned at the foreign port of origin. Since then, Congress and DHS have been kicking the can down the road, repeatedly delaying implementation of a rule that industry says is [...]
The ship, Chong Chon Gang, was discovered last July near the Panama Canal hiding a large amount of arms, including two MiG-21 jet fighters under 200,000 bags of sugar, which the United States said showed a clear attempt to circumvent U.N. and U.S. sanctions against North Korea.
The United States on Wednesday blacklisted two North [...]
Should public law enforcement provide private security for an overseas corporation that’s locked out local union workers? Longshore and Shipping News readers know the answer, but at last, here’s a rational message from law enforcement on the matter.
Excerpts from The Columbian, followed by Clark County Sheriff Garry Lucas’ letter in its entirety:
Pacific trade talks have reached broad agreement on labour issues and sanitary and phytosanitary standards but some difficult aspects remain to be tackled, Japan’s chief negotiator said on Saturday.
Chief Japanese negotiator Koji Tsuruoka said the 12 member nations of the Trans-Pacific Partnership (TPP) made progress at talks in Ottawa but there was no discussion [...]
The Council of Canadians, a concerned citizens’ group, is sounding the alarm over what it says is too much government secrecy on a round of Trans-Pacific Partnership trade talks currently being held in Ottawa.
Trade officials from the 12 TPP countries are meeting behind closed doors in Ottawa from July 3-12. It’s believed at least [...]
Canadian truckers have blasted a U.S. proposal that would greatly hike some fees at the border.
The fleet group, the Canadian Trucking Alliance, says it strongly objects to a proposal from the U.S. Department of Agriculture to substantially raise the Animal Plant and Health Inspection Service fees.
In filing comments in response to the USDA’s [...]
Twelve country officials involved in the US-led Trans-Pacific Partnership negotiations plan to meet in Ottawa from July 3 to 12 to iron out outstanding issues like tariffs and intellectual property rights.
The 12 countries, including Australia, Brunei, Chile, Canada, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, the U.S. and Vietnam, initially sought to meet in [...]