China officials appeal to Trump to avoid ‘trade war’
The president might order his trade office to look into whether to launch an investigation under the Trade Act of 1974 of possible Chinese theft of U.S. technology and intellectual property.
International Business
Articles
U.S. companies thank foreign sales for best earnings season since 2004
Of the 454 companies in the S&P 500 that have so far reported second-quarter results, 68 percent have beaten analysts’ average estimates for revenue and 78 percent have topped per-share earnings expectations.
Lilly, other drug giants hunt for patients in India’s remote corners
Global pharmaceutical companies including Indianapolis-based Eli Lilly and Co. are heading into smaller cities and rural areas to learn about the health care needs of about 70 percent of India’s population.
Justices uphold refugee ban but say grandparents still OK
The Supreme Court says the Trump administration can strictly enforce its ban on refugees, but is leaving in place a weakened travel ban that includes grandparents among relatives who can help visitors from six mostly Muslim countries get into the United States.
Trump wants new NAFTA deal to cut trade deficit with Mexico
President Donald Trump vowed Monday to boost U.S. manufacturing by cutting the $64 billion trade deficit with Mexico as he showcased products made in all 50 states—everything from a fire truck to a baseball bat.
Fast-growing Fishers quality-control firm bought by Japanese companies
Founded in 2009, Stratosphere Quality pushed revenues to about $122 million last year. It employs about 2,300 workers in 22 states, including about 400 in Indiana.
Trump order would target high-skilled worker visa program
The White House said the program is currently undercutting American workers by bringing in cheaper labor and said some tech companies are using it to hire large numbers of workers and drive down wages.
Indianapolis moves ahead with trade center designation bid
Indiana’s businesses and trade associations hope Indianapolis lands the designation so they can use the New York City-based association’s network to link with companies globally.
U.S. economic growth slowed in fourth quarter
The gross domestic product grew at an annual rate of just 1.9 percent in the October-December period, a slowdown from 3.5 percent growth in the third quarter, the Commerce Department reported Friday.
Zoeller seeks to establish local unit of global trade group
Departing Indiana Attorney General Greg Zoeller wants to persuade the organization to add Indianapolis to its roster of world trade centers, hooking local firms into international business networks and encouraging imports and exports.
Trump’s ‘retribution’ tax stirs questions, GOP resistance
Donald Trump’s threats to use taxes as “retribution” against U.S. companies that move jobs overseas are legally dubious, tax specialists say—and they’re prompting resistance from some Republican leaders who fear a coming era of economic protectionism.
Trump threatens payback for U.S. companies that move abroad
President-elect Donald Trump is threatening to impose heavy taxes on U.S. companies that move jobs overseas and still try to sell their products to Americans.
International Center promotes vice president to top job
The International Center has looked within to find its first new leader in more than a decade.
Indianapolis airport tries ‘long-term strategy’ to land nonstop London flights
An Indianapolis Airport Authority official told board members Friday that the airport is working to land nonstop London service, but its efforts could take years to see results.
Local exporters wary of Trump policies
Hoosier businesses hope negative campaign talk about nation’s trade deals won’t restrict free flow of Indiana goods outside U.S. borders.
Rexnord definitely moving Indy operations to Mexico, union says
Rexnord Corp. plans to proceed with the closure of its Indianapolis bearings plant, according to the union that represents most of the plant’s approximately 350 employees.
China approves law to tighten control on internet usage
China’s legislature approved a cybersecurity law Monday that human rights activists warn will tighten political controls and foreign companies say might hamper access to Chinese technology markets.
Cummins CEO: Companies need to stand up for free trade, TPP
Tom Linebarger points to the company’s Seymour plant where 800 employees produce high-speed diesel engines—70 percent of which are exported globally—as a key reason he believes free trade is good for the Hoosier worker.
Indy cloud-consulting firm Appirio to be acquired for $500M
An India-based infotech company plans to buy Appirio Inc., which moved its corporate headquarters from San Francisco to Indianapolis last year.
U.S. trade deficit hits widest point in 10 months
The deficit rose to $44.5 billion in June, 8.7 percent higher than in May. It was the biggest gap between what America sells abroad and what the country imports since last August.