Bed

Bed Bath & Beyond closing 87 more stores as it looks toward bankruptcy

Bed Bath & Beyond is closing an extra 87 stores, as the troubled home goods retailer . looks to join its assets before a possible bankruptcy filing. The company confirmed the closings in a statement. Adding that it is also closing all Harmon Health and Beauty store locations. “As we work with our. Advisors to […]

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Hindenburg

What Is Hindenburg Research, Firm Accusing Adani of Fraud?

EW YORK (AP) -. Hindenburg Research, the financial research firm with an explosive name and. A track record of undermining the stock prices of its targets, is taking on one of the world’s richest men. Hindenburg was back in the headlines last week after Indian conglomerate . Adani Group was accused of “a brazen stock […]

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Tesla car battery ‘spontaneously’ catches fire on California freeway, requiring 6,000 gallons of water to put it out

A Tesla car’s battery . Burst into flames on a California freeway Saturday, and. Firefighters needed 6,000 gallons of water to put it out. The Metro Fire Department said in. A series of tweets that “nothing unusual” occurred before the . Tesla Model S was “engulfed in flames,“ but. No injuries were reported. In 2021, […]

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cancellations

Southern ice storm prompts cancellations of more than 800 flights

Cancellations According to the flight-tracking group . FlightAware.com, ice storms in parts of the southern . United States prompted the cancellation of about 865 domestic . Flights in the past 24 hours — increasing the number of disruptions last year. cancellations The storm was centered in the . Dallas-Fort Worth metropolitan area, home to both […]

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camera

Ford now recalling 462,000 SUVs due to rear camera issue linked to at least 17 accidents

Ford is recalling 462,000 . Sport utility vehicles with defective rear-view camera. linked to at least 17 crashes. Affected vehicles include 2020 to 2023 model year . Ford Explorers, Lincoln Corsairs and Aviators. Their 360-degree rearview camera can . Malfunction and display a blue screen that affects . The driver’s ability to see behind them. […]

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Musk

Lawyers press Elon Musk in second day on witness stand over failed Tesla take-private deal

Tesla CEO Elon Musk told a jury in San Francisco on Monday that he was considering taking. Tesla private after tweeting in 2018 that he had “secured” funding to do so — and. That the funding was going to come in part from his stake in SpaceX. , Musk’s Rocket Company. But attorney Nicholas Porritt. […]

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Musk

Elon Musk takes the witness stand in court trial over his failed attempt to take Tesla private

Elon Musk testified in court . Friday in a trial that could decide whether a tweet he sent in 2018 cost . Tesla investors millions of dollars. Tesla shareholders are suing the company for damages they say they suffered amid. Musk’s claims that he “secured” money to take the company private for $420 per share. […]

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FTC

FTC calls for Martin Shkreli to be held in contempt of court for forming new drug company

The Federal Trade Commission . Said Friday that notorious “pharma bro” Martin Shkreli will be FTC held in contempt of court . For forming a new drug company in violation of a judge’s ban on . The convicted fraudster from working in the pharmaceuticals industry. Shkreli, who was released from prison last year. was banned […]

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Mexico

Theranos founder Elizabeth Holmes still had a one-way ticket to Mexico after she was convicted of fraud

Elizabeth Holmes. The founder of disgraced biotech firm Theranos, still had a one-way ticket to . Mexico in her possession shortly after pleading guilty to . Fraud charges last January, prosecutors said Thursday. On January 3, 2022, Holmes was found guilty of lying to investors. According to information filed in court on Thursday, on January […]

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Fed

Fed policymakers call for further rate hikes to beat inflation

Fed eral Reserve policymakers signaled on Wednesday that they would proceed . With further interest rate hikes, with many favoring a top policy rate of at least 5% even as inflation . Shows signs of peaking and economic activity is slowing. “we have to continue, and we’ll discuss at the meeting how much to do. […]

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