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US Orders GE To Offload Unit To Win Approval For Oil Deal

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US antitrust regulators on Monday ordered General Electric to divest one of its units in order to win approval for the merger of its oil services business with Baker Hughes. Without the sale, the proposed merger would threaten competition in the petroleum refining business where the two companies compete vigorously, the Justice Department said. Both … Read more

Trump Seeks Limits On Visa Program Favored By Tech Sector

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The Trump administration has unveiled steps to limit an immigration visa program for skilled workers often used by Silicon Valley to attract tech workers. The moves include new measures announced Monday to detect “fraud and abuse” in the H-1B visa program, and a warning by the Justice Department to companies not to discriminate against US … Read more