Tags: US
ArcelorMittal raises almost $4 billion to tide through troubled waters
The leading steel company, ArcelorMittal, has no option but to raise money to pay off its huge debts. The company has resorted to issuing shares and selling off its minority stake in Gestamp, the Spanish auto-parts manufacturing company. The decision should fetch Lakshmi Mittal almost $4 billion - $3 billion from share issue and $1 billion from Gestamp - and reduce the debt burden to some extent.
Obama to include an additional $1.1 billion to fight drug abuse
President Barrack Obama seeks an additional $1.1 billion in the face of increasing death rates due to overdoses of heroin and opioids. The Obama administration has already split the amount and categorized them to focus on different aspects like increasing medical-assisted facilities, prescriptions of antidotes, plans for overdose prevention, etc. These facilities are to be rolled out to the rural areas as well.
Small businesses possessed by women still failing to win federal contracts in US
The US federal contracts are somehow still not won by the women-owned small companies in this day and age. Senator Jeanne Shaheen has openly expressed her disappointment regarding this sobering fact. But she is still optimistic that the changing laws would rectify the situation and empower women with the experience to bid for larger and more competitive federal contracts in the future.
Koch Brothers’ super PAC raised nearly $14.8 million
The Koch Brothers' super-PAC reached $14.8 million, with $11 million being added in the second half of 2015. The latter amount was raised by only 20 contributors, comprising founder Charles Koch himself and some billionaire stalwarts. The PAC is incurring minimum expenses and hoarding most of the fund to support the Republicans in 2016 elections.