Tag: Units

Supply Chains Latest: U.S Visa Curbs Spur More Hiring in Overseas Units

After Covid-19 saw millions of Americans lose their jobs and raised the unemployment rate to the highest since the Great Depression era, President Donald Trump responded by putting up barriers to restrict supply of a key commodity: skilled foreign labor.

Arguing that the entry of some workers “presents a significant threat to employment opportunities for Americans affected by the extraordinary economic disruptions” caused by the virus, Trump on June 22 ordered a ban on new green cards and work visas through the end of the year.

The freeze suspended a host of non-immigrant visa programs, among them the H-1B for high-skill specialty occupations. It has triggered a wave of lawsuits, including a broad challenge supported by 22 states and the District of Columbia.

Business groups including the U.S. Chamber of Commerce, the National Association of Manufacturers and the National Retail Federation also want the restrictions overturned. The bid is also

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NGL Energy Partners LP Announces Quarterly Cash Distribution for Class B and Class C Preferred Units

Press release content from Business Wire. The AP news staff was not involved in its creation.

TULSA, Okla.–(BUSINESS WIRE)–Sep 15, 2020–

NGL Energy Partners LP (NYSE: NGL) announced today that the Board of Directors of its general partner declared a distribution for the quarter ending September 30, 2020 to be paid to the holders of the Partnership’s 9.00% Class B Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Units (“Class B Preferred Units”) and the 9.625% Class C Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Units (“Class C Preferred Units”) in accordance with the terms outlined in NGL’s partnership agreement. Each of the Class B Preferred Units quarterly distribution of $0.5625 per unit and the Class C Preferred Units quarterly distribution of $0.60156 per unit will be made on October 15, 2020 to holders of record at the close of trading on September 30, 2020.

About NGL Energy Partners

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