Economy

U.S. soothes Indian H-1B concerns

U.S. soothes Indian H-1B concerns

McClatchy DC reported on December 31 that USCIS planned to reinterpret current law in a way that would stop H-1B workers from extending their status while awaiting final adjudication of their green card applications.

Coming as a relief for many Indian workers in the United States is the latest announcement by the Trump administration which clarifies that the government is not considering a policy change that could force the workers on H-1B visa to leave the country.

This issue that Trump administration was considering potential policy changes to H-1B visa extensions that would trigger "self-deportation" of hundreds of thousands Indian tech workers generated a swift and intense blowback from some lawmakers and the IT industry.

This provides for H-1B extensions beyond the six-year cap that is prevailing now.

USCIS has now told McClatchy that while it will conduct a thorough review of employment-based visas, it has no plans to make a regulatory change that would reinterpret the H-1B extension provisions of AC21.

Procter & Gamble Co (NYSE:PG) Sentiment Worsened, Despite
RBC Capital Markets maintained The Procter & Gamble Company ( NYSE :PG) on Tuesday, October 27 with "Sector Perform" rating. Following the sale, the insider now owns 57,191 shares of the company's stock, valued at approximately $5,100,293.38.

This policy could have affected thousands of Indian immigrants working in the USA on H-1B visa as they could be deported.

Michael Wolff 's book Fire and Fury: Inside the Trump White House, which has ignited a firestorm in Washington DC, portrays Donald Trump as being in favour of the H-1B visas during the transition period when he was President-elect, after having campaigned to curtail the visa, and eventually moving to fulfill his campaign promise. Although, the department has refuted this claim and said "any suggestion that USCIS changed its position because of pressure is absolutely false".

India's National Association of Software & Services Companies (NASSCOM) has repeatedly cautioned against any disruption to the H-1B program, saying that it would have detrimental effects on both the U.S. and India; nevertheless, it remains to be seen how President Trump's "America First" approach and current antipathy towards further immigration might eventually impact on overseas tech workers and their employers.

Since taking office last January, the Trump administration has been talking about cracking down on the H- 1B visa scheme. Download The for your device.


  • Ken Niumatalolo Is Reportedly A 'Serious Candidate' For Arizona Job

    Ken Niumatalolo Is Reportedly A 'Serious Candidate' For Arizona Job

    In a tweet that he has since deleted (thank you Internet), Tate declared he "didn't come to Arizona to run the tripple option". Niumatalolo, a disciple of former UA coach Dick Tomey, is believed to be interviewing and is considered one of the finalists.

    NextEra Energy, Inc. (NEE): Insider Trading and Ownership Analysis

    Arizona State Retirement Systems holds 178,185 shares or 0.31% of its portfolio. 272,658 were reported by Hexavest. (NYSE:NEE). Cohen Lawrence B has invested 0.25% of its portfolio in NextEra Energy, Inc. 4,349 were accumulated by Bridges Inv Counsel.

    Johnson & Johnson (JNJ) Earns "Buy" Rating from Royal Bank of Canada

    The active investment managers in our partner's database now hold: 1.71 billion shares, down from 1.73 billion shares in 2017Q2. It increased, as 29 investors sold LULU shares while 89 reduced holdings. 54 funds opened positions while 88 raised stakes.
  • Zoetis (NYSE:ZTS) Receives Buy Rating from Craig Hallum

    Los Angeles Capital Management & Equity Research Inc. raised its stake in Zoetis by 820.8% during the 2nd quarter. The rating was maintained by Cowen & Co with "Buy" on Monday, July 10. (NYSE:ZTS) rating on Wednesday, August 9.

    Credit Suisse Group Initiates Coverage on Energy Transfer Equity (NYSE:ETE)

    Currently, the stock carries a price to earnings ratio of 17.21, a price to book ratio of 0, and a price to sales ratio of 0.51. The stock of Energy Transfer Equity, L.P. (NYSE:ETE) has "Equal-Weight" rating given on Thursday, September 29 by Stephens.
    Colchester County woman the victim of Tuesday's fatal crash on Highway 102

    Colchester County woman the victim of Tuesday's fatal crash on Highway 102

    Police say three of the injured individuals were airlifted to hospital, while the fourth person was taken by ambulance. A 34-year-old Colchester County woman is dead after a collision Tuesday on Highway 102 near the Halifax airport.
  • Johnson & Johnson (NYSE:JNJ) is Focused Investors LLC's 5th Largest Position

    Kinsight LLC boosted its position in Johnson & Johnson (NYSE:JNJ) by 2.6% during the third quarter, Holdings Channel reports. Moreover, Tocqueville Asset Mgmt Ltd Partnership has 1.16% invested in Johnson & Johnson (NYSE:JNJ) for 773,868 shares.

    Analyzing Analyst Recommendations: Corcept Therapeutics Incorporated (CORT), Avery Dennison Corporation (AVY)

    It is positive, as 22 investors sold IART shares while 60 reduced holdings. 19 funds opened positions while 62 raised stakes. Following the completion of the sale, the insider now directly owns 8,000 shares of the company's stock, valued at $133,760.

    Lockheed Martin Corp Stock in 2017 Q3 Driven by Institutional Investors

    Lockheed Martin Corporation is a security and aerospace company. 2,873 were accumulated by Univest Corporation Of Pennsylvania. The stock of Lockheed Martin Corporation (NYSE:LMT) has "Buy" rating given on Thursday, October 22 by Argus Research.
  • ADP reveals how APC will rig elections

    ADP reveals how APC will rig elections

    It does appear to APC that they must re-worked every structure in this country to suit parochial ethnic tendencies and religious tendencies.

    Ford Motor Co (NYSE:F) Institutional Investor Sentiment Is 0.87

    Bnp Paribas Asset Mngmt owns 142,880 shares for 0.31% of their portfolio. 103,383 are owned by Suntrust Banks Inc. Gluskin Sheff And Assocs reported 760,013 shares. 51,795 are owned by New Mexico Educational Retirement Board.

    Banco Santander SA (BCDRF)'s Relative Upward Momentum Building

    Whereas, in last 21 trading days (one month) was climbed 4.32% and isolated positively in last 63 trading days (quarter) of 0.71%. Royal Bank of Canada's price objective would suggest a potential upside of 2.74% from the company's current price.