Senator selling stock after AP ties company to Mexican labor - News Summed Up

Senator selling stock after AP ties company to Mexican labor


INDIANAPOLIS (AP) — An Indiana senator and longtime critic of outsourcing jobs to foreign countries announced Friday that he's selling his stock in his brother's arts and crafts company after The Associated Press reported it manufactures some products in Mexico. Democrat Joe Donnelly said in a campaign news release that he made the statement to reporters at the Indiana Black Expo luncheon. The AP reported Thursday that Donnelly made at least $15,001 in dividends last year on $50,000 of stock in Stewart Superior, which used Mexican workers to produce ink. He praised then President-elect Donald Trump in November for reaching a deal that saved 800 of the jobs. Donnelly has sponsored a bill, titled the End Outsourcing Act, that aims to make it more difficult to transfer jobs to other countries.


Source: Economic Times July 14, 2017 17:37 UTC



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