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Search resuls for: "Launch Technologies"


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Investors should buy the dip on Topgolf Callaway , according to Bank of America. Analyst Alexander Perry reiterated his buy rating on the stock and a price target of $22 per share. MODG mountain 2023-09-22 Tough week for MODG The fire raised concern over the global supply of golf balls, which put pressure on Topgolf shares. "Also, the fire should not meaningfully impact Topgolf range ball supply or venue openings given "current inventory levels and alternate supply sources." To be sure, Topgolf shares were struggling even before the fire.
Persons: Topgolf Callaway, Alexander Perry, Topgolf, Perry, MODG, — CNBC's Michael Bloom Organizations: Bank of America, Launch Technologies, Callaway Locations: Thursday's, Taiwan, Chicopee
TAIPEI, Taiwan (AP) — Taiwan authorities fined a golf ball manufacturer 2.4 million New Taiwan dollars ($75,000) on Monday and warned of criminal charges for storing 30 times the legal limit of hazardous material and other violations after a major factory fire killed nine people and left one other missing. Launch Technologies is one of the world's major golf ball makers, producing 20% of the global supply last year. Since 2018, the company has been fined 200,000 New Taiwan dollars ($6,200) for safety and health violations and another 300,000 New Taiwan dollars ($9,300) over labor conditions, according to Taiwan's Occupational Safety and Health Administration. The company was also fined 300,000 New Taiwan dollars ($9,300) for air pollution violations in 2020, according to its 2021 annual report. Company general manager Lu Ying-cheng said at a news conference on Sunday that Launch Technologies has made improvements to the work environment in recent years.
Persons: Chou Chun, Chou, Lu Ying, cheng, ” Lu, Wanqing Chen Organizations: Taiwan, Technologies, Taiwan's Central News Agency, . Company, Launch Technologies, Safety, Health Administration, Company, Taiwan Stock Exchange, Associated Press Locations: TAIPEI, Taiwan, Pingtung, Beijing
After a recent infusion of government money into technology that sucks carbon out of the air, big business is getting in as well. Amazon announced Tuesday that it will help fund the world's largest deployment of direct air capture (DAC) technology by purchasing a quarter of a million metric tons of carbon removal over the next decade from STRATOS, the first DAC plant from 1PointFive, a carbon removal technology company. The carbon that is removed through the air capture systems will then be stored underground in saline aquifers, which are large rock formations saturated in salt water. "With these two new investments in direct air capture, we aim to target emissions we can't otherwise eliminate at their source," Kara Hurst, Amazon's VP of worldwide sustainability, said in a release. Amazon's announcement comes on the heels of Microsoft 's news that it has agreed to buy carbon credits from California-based startup Heirloom Carbon, which uses limestone to remove carbon from the atmosphere.
Persons: Kara Hurst, Amazon's, We're, Brian Marrs, Microsoft's, Hurst Organizations: Amazon, STRATOS, CarbonCapture, Microsoft, U.S . Department of Energy, Law Locations: 1PointFive, CarbonCapture Inc, California, Paris
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