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Search resuls for: "Steve Burns"


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Lordstown Motors, the troubled electric pickup truck company that bought a shuttered General Motors factory in Ohio, filed for bankruptcy protection on Tuesday. Foxconn said Lordstown had breached their investment agreement because its stock had fallen below $1 a share. Lordstown said on Tuesday it had filed a lawsuit asserting that Foxconn failed to honor its agreement to invest more money into the company. Lordstown was founded in 2018 by Steve Burns, the former chief executive of another electric vehicle company called Workhorse Group. plant in Lordstown, Ohio, that had produced the Chevrolet Cruze sedan.
Persons: Donald J, Foxconn, Lordstown, Steve Burns, Trump Organizations: Motors, General Motors, Trump, Chevrolet, Twitter Locations: Ohio, Taiwan, Lordstown , Ohio
Walgreens also reported adjusted earnings per share for its fiscal third quarter of $1, missing a Refinitiv forecast of $1.07. Roblox — The gaming platform popped 5.8% after Bank of America reiterated its buy rating, saying the stock is a leader in the Metaverse category. Meta Platforms — The big technology stock added 2% after Citi reiterated its buy rating. Frontier Communications — Shares rose 4.1% on the back of Wolfe Research initiating coverage of the stock at outperform. Saia — The transportation stock rose 6.7% on the back of Evercore ISI upgrade to outperform from in line.
Persons: Steve Burns, Lordstown, Generac, Aaron Jadgfeld, Kellogg — Kellogg, Goldman Sachs, Oppenheimer, Wolfe, Wells, Wells Fargo, Saia, Northcoast, Cars.com, Jesse Pound, Michelle Fox Organizations: Lordstown Motors Corp, Lordstown Motors, Walgreens, Delta Air Lines, Equity Investment, Bloomberg News, Investment, Royal, Bank of America, Citi, Nike, Frontier Communications, Wolfe Research, Energy, JPMorgan, Unity Software, ISI Locations: Lordstown , Ohio, U.S, Brookfield, Royal Caribbean, Texas
CONCOW, Calif. — Some survivors of California's deadliest wildfire continue to live in trailers, tents and makeshift homes nearly four years later as they wait for payments from a trust set up to compensate them. Inez Salinas's temporary trailer home and her car in Concow, Calif. Andri Tambunan for NBC NewsSalinas and her daughter River outside their temporary trailer home. Andri Tambunan for NBC NewsShe said she has not received enough money from the trust to rebuild her life: “I just want to move on. “Please just don’t forget about us.”For survivors of the state's deadliest and most destructive wildfire, time is measured by before and after. “It is my goal to help as many people as possible to get their lives back, their houses back, their businesses back,” Cathy Yanni, who oversees the Fire Victim Trust, said in a statement.
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