Severe storms in Oklahoma, Texas and Arkansas killed almost a dozen people Saturday night, with the toll expected to rise. A series of cryptic social media posts was all it took to push up the stock price of the otherwise struggling video game retailer GameStop. Retail sales fell by much more than expected last month as heavy rain kept shoppers at home. Paula Vennells faced three days of questions about her role in the wrongful prosecution of hundreds of sub-postmasters. Officials allege the company used illegal tactics to dominate the concert industry, driving up prices.
- But supply chain bottlenecks, labor shortages and other issues meant that businesses could not fully meet that demand.
- The New York City mandate, which requires on-site workers at all businesses to be vaccinated, is the country’s most sweeping local vaccine mandate and affects some 184,000 businesses.
- The ASX200 has fallen 0.9 per cent, giving up half of Thursday’s gains, but still finished the week 0.8 per cent higher.
- The Tata Group company is in talks with lenders including State Bank of India, IndusInd Bank, Axis Bank and ICICI Bank for the loan, Bloomberg reported citing sources.
- In the White House, the future of Mr. Biden’s $2.2 trillion domestic policy bill was put in doubt after Senator Joe Manchin III, Democrat of West Virginia, said he would vote against it because he feared it would inflame inflation.
Gildan Activewear announced Thursday that all board members have resigned and its president and CEO, Vince Tyra, has stepped down. The companies also said they were aiming for significant savings in overall production costs by increasing the number of components that their various cars have in common, aiming to cut battery costs by 65 percent by 2028. Looking forward, the three companies in the alliance unveiled a plan to invest almost $26 billion into the joint development of new battery electric vehicles, with plans to add 35 models to their lineups by 2030. Still, Southwest expects operating revenue in the first quarter of 2022 to be down only about 10 to 15 percent from the same period in 2019. The airline also said it hoped to restore most of its route network and return to typical productivity levels by the end of next year. In nominal terms, economic output has surpassed its prepandemic trend.
The ‘absolute worst’ of times for car buying are over
But OSHA also gave employers some leeway, pushing back full enforcement of the rule until February. CNN is closing its offices to all employees who are able to work remotely. As recently as Thursday, the World Economic Forum had said it was proceeding with the event, which draws thousands of politicians, executives and nonprofit leaders … Read More...
