Monday, December 23

Tag: Government Aid/Grants

As U.S. Wavers on Ukraine Aid, Europe Steps Up
17Nov By adminNo Comments
World

As U.S. Wavers on Ukraine Aid, Europe Steps Up

Listen to article(1 minute)BERLIN—European governments are boosting their assistance to Ukraine as worries grow that Washington’s failure to approve new aid could cause Ukraine to lose ground in the war against Russia. Europe and the U.S. increasingly believe that Ukraine will struggle to win significant territory in the near term and are focusing their efforts on enabling Kyiv’s forces to hold the line against Russia. Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Last-Minute Bid Would Seek to Revive Collapsed Trucker Yellow 
8Nov By adminNo Comments
World

Last-Minute Bid Would Seek to Revive Collapsed Trucker Yellow 

Jack Cooper Transport, a specialized operator that hauls automobiles for carmakers, plans to submit a bid backed by $1 billion in financing and support from the Teamsters union and some U.S. lawmakers that would halt the liquidation of trucking giant Yellow and seek to resurrect the shuttered business, according to people familiar with the matter. The improbable effort would require the Treasury Department to defer repayment for several years of a $700 million loan provided to Yellow under a Covid pandemic-era bailout, one of several debts that helped push one of the country’s biggest truckers into collapse earlier this year. Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Brace for the Wind and Electric-Vehicle Bailouts
29Oct By adminNo Comments
World

Brace for the Wind and Electric-Vehicle Bailouts

Oct. 29, 2023 12:21 pm ETFord assured investors last week that its generous deal with the United Auto Workers wouldn’t threaten its profitability. Maybe. The same can’t be said of its electric vehicles, which lost $3.1 billion during the first nine months of this year. Those losses will doubtless grow, and anyone who thinks Washington won’t give auto makers another bailout should think again. Last week Munich-based Siemens Energy, one of the world’s top wind manufacturers, said the German government is prepared to extend as much as €16 billion (or $16.9 billion) in state guarantees to rescue it.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Chevron Bets on Peak Green Energy
24Oct By adminNo Comments
Business

Chevron Bets on Peak Green Energy

The climate lobby’s pronouncements that the end of fossil fuels is nigh appear as premature as warnings two decades ago that supply would soon run out. Chevron on Monday announced a $53 billion bid for Hess Corp. because it knows the world will need oil and gas for the foreseeable future no matter how much politicians subsidize green energy.Chevron’s Hess acquisition comes on the heels of Exxon Mobil’s $60 billion tie-up with Pioneer National Resources this month. Higher interest rates are prompting consolidation across the U.S. economy, as smaller, less-capitalized companies struggle to borrow. Oil and gas giants are flush with cash owing to the run-up in prices over the past two years.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8 ...
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Chinese Companies and Your Tax Dollars
21Oct By adminNo Comments
Business

Chinese Companies and Your Tax Dollars

It isn’t easy luring corporations to Illinois these days, so Gov. J.B. Pritzker celebrated when the state landed a big electric-vehicle battery plant in September. The real winner, however, is Gotion, the Chinese company that is collecting taxpayer financing to subsidize its EV manufacturing. Mr. Pritzker boasted that the new $2 billion factory would bring 2,600 green jobs to the Land of Lincoln and represents “the most significant new manufacturing investment in Illinois in decades.” The company’s decision was helped by a $536 million Illinois subsidy package, including $213 million in tax benefits, a 30-year property tax freeze and $125 million from the state-lending program Invest in Illinois. Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b...
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How Ads on Your Phone Can Aid Government Surveillance
16Oct By adminNo Comments
Technology

How Ads on Your Phone Can Aid Government Surveillance

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/tech/cybersecurity/how-ads-on-your-phone-can-aid-government-surveillance-943bde04
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