More and more Americans have a foreign boss in their future. Propelled by hopes of profit and fears of protectionism, foreign firms are swallowing up American companies or forming their own U.S. subsidiaries to produce goods as diverse as turbines and carpets, chocolate and steel. The tide of investment from overseas has been significantly quickened by the abysmal decline in U.S. stock prices, which enables dollar-laden European and Japanese businessmen to pick up U.S. concerns at bargain rates. Of the corporations buying into America, Frank Sheaffer, the Commerce Department's international investment...
To continue reading:
or
Log-In
