VISA DELAYS COST US COMPANIES BILLIONS, REPORT SAYS
NEW YORK – 06/03/04 – US companies have lost more than $30 billion since July 2002 because of government delays granting visas to business travelers from other countries, according to a study sponsored by eight trade associations reported by Bloomberg News.
The estimate includes revenue losses of $25.5 billion and indirect costs of $5.15 billion, according to a survey of 734 members of groups that include the Association for Manufacturing and Technology.
“It’s a dramatic difference in the number of companies reporting their businesses affected by visa rules since the September 11, 2001 terrorist attacks,” said Charles Santangelo of the Santangelo Group Inc., which conducted the study.
The report cites examples that include Boeing Co. jets left sitting on the tarmac in Seattle because foreign buyers couldn’t get visas for pilots to retrieve them and Motorola Inc. facing the loss of a $10 million contract to supply two-way radios to Vietnam.
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MEXICO LIFTS CALIFORNIA LETTUCE BAN
MEXICO CITY, Mexico – 10/20/06 – The weeks-old ban on California lettuce shipments to Mexico has been lifted after US Department of Agriculture tests for the E. coli bacteria proved negative; California is the country’s leading producer of lettuce with an estimated 70-75% of the total US production of iceberg lettuce and between 80-85% of the leaf lettuce.
NAPSTER ENTERS THE JAPANESE MARKET
LOS ANGELES – 10/16/06 – Napster, the digital music service provider, has entered the Japanese market with the introduction of a new subscription model that allows subscribers, who until now acquired digital music by paying for each track and album individually; currently, Japan is largest music market in the world outside of the US.
GUESS? IN NEW MEXICAN JV
SAN FRANCISCO – 09/29/06 – Fashion marketer Guess? has inked a manufacturing and marketing joint venture agreement with Mexico’s Grupo Axo; the Mexico City-based company will engage in the production, wholesale distribution and retail sale of Guess? fashion apparel, accessories and other related products throughout the country.
GOOGLE BELGIUM TAKEN TO COURT
BRUSSELS, Belgium – 09/20/06 – Internet search engine Google has been ordered to cease reproducing articles from French-language publications in the news sections of its Belgian website; the court order threatens the company with a fine of $1.3 million daily if it does not comply.
NEW OAKLAND INTERMODAL FACILITY PLANNED
OAKLAND – 09/11/06 – The 425-acre former Oakland Army Base will be converted into the Port of Oakland’s newest intermodal rail yard under the terms of an agreement reached between the port and several local and state government agencies; the planned OHIT – or Outer Harbor Intermodal Terminal – is expected to significantly reduce container transfer times, increase throughput, and reduce truck traffic in and around the port when completed within the next several years.
INTEL MAY LAYOFF THOUSANDS
SANTA CLARA – 09/04/06 – Chipmaker Intel is reportedly planning to announce a massive layoff within weeks that could eliminate as many as 10,000 jobs or one-tenth of the company’s total global workforce; the move was spurred by several financially disappointing quarters and the results of an internal corporate analysis conducted in April.
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