Retailers have called on the president to intervene.įiscal cliff crunch time. President Barack Obama is expected to meet with Congressional leaders of both parties to push his deal for avoiding the fiscal cliff.
Federal mediators have called the International Longshoremen’s Association back into talks with shipping lines and port operators to seek a deal to head off a strike set to start Sunday that would shut down container shipping throughout the US East Coast and Gulf Coast. Last-ditch attempt to avert US port strike. Known for the low-budget Nano car and high-priced Taj hotels, Tata Group has used acquisitions to extend its global reach to encompass Jaguar Land Rover, Corus Steel and Tetley tea.
The first Indian businessman to build a corporate empire with $100 billion in annual revenues turns over the executive chairmanship of the family business to Cyrus Mistry, a non-relative.