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Lordstown Motors files for Chapter 11 bankruptcy protection

Published Mon, 16 Dec 2024 08:02:40 GMT

Commercial electric vehicle startup Lordstown Motors Corp. has filed for Chapter 11 bankruptcy protection nearly two months after it warned that it was in danger of failing. In early May electronics company Foxconn wavered on a $170 million investment in Lordstown. The Ohio company said in a regulatory filing at the time that it had received notice from Foxconn on April 21 that it was in breach of their investment agreement because it had received a delisting warning from Nasdaq two days earlier.Lordstown said at the time that given the uncertainties, there was substantial doubt it could continue as a going concern. Lordstown was in danger of being delisted from the Nasdaq because its share price closed below $1 on March 7 and continued to falter after that.Foxconn told Lordstown at the time that it may unwind their agreement if Lordstown did not resolve its listing issues. Lordstown said in May that it had notified Foxconn that, among other things, it believed the breach allegation...

LiveOne: Fiscal Q4 Earnings Snapshot

Published Mon, 16 Dec 2024 08:02:40 GMT

WEST HOLLYWOOD, Calif. (AP) — WEST HOLLYWOOD, Calif. (AP) — LiveOne, Inc. (LVO) on Tuesday reported a loss of $4.8 million in its fiscal fourth quarter.On a per-share basis, the West Hollywood, California-based company said it had a loss of 6 cents. Losses, adjusted to extinguish debt, were 5 cents per share.The company posted revenue of $25.5 million in the period.For the year, the company reported a loss of $10 million, or 12 cents per share. Revenue was reported as $99.6 million.LiveOne expects full-year revenue in the range of $122 million to $130 million._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on LVO at https://www.zacks.com/ap/LVOSource

EU faces a cliffhanger climate vote after its parliament emerged deadlocked on a key nature bill

Published Mon, 16 Dec 2024 08:02:40 GMT

BRUSSELS (AP) — The European Union is facing a cliffhanger vote next month that will test its global climate and environmental credentials, after its parliament was again deadlocked on pushing a nature restoration bill onwards on Tuesday. The legislature’s environment committee emerged deadlocked at 44-44 on the plan to beef up the restoration of nature in the 27-nation bloc that was damaged during decades of industrial expansion. It means the full parliament will be asked to reject it. “The fight is not over. We will do our utmost to rally forces throughout the hemicycle behind an ambitious law to the benefit of people and the planet,” said socialist S&D legislator Mohammed Chahim. The parliament’s biggest group, the Christian Democrat EPP, has turned against the plan, arguing it is bad for embattled farmers and puts food security at risk at a time when the war in Ukraine has shown that strategic autonomy on foodstuffs can be essential. The bill is a key part of the...

Un conserje escuchó “alarmas molestas” y apagó un congelador: arruinó 20 años de investigación escolar valorada en US$ 1 millón, dice una demanda

Published Mon, 16 Dec 2024 08:02:40 GMT

(CNN) — Un conserje universitario que apagó un congelador después de escuchar múltiples “alarmas molestas” arruinó más de 20 años de investigación, según una demanda presentada contra su empleador por el Instituto Politécnico Rensselaer en norte del estado de Nueva York.El conserje, que no está incluido en la demanda, era un contratista de Daigle Cleaning Systems Inc., que trabajó durante varios meses en 2020 en la universidad privada de investigación en Troy, Nueva York.La escuela busca más de US$ 1 millón en daños y honorarios legales de Daigle Cleaning Systems como resultado del incidente.El congelador del laboratorio contenía más de 20 años de investigación, incluidos cultivos celulares y muestras a los que una “pequeña fluctuación de temperatura de tres grados causaría daños catastróficos”, según la demanda presentada ante la Corte Suprema del condado de Rensselaer.La universidad no cree que el conserje tenga la culpa, sino que culpa a Daigle Cleaning Systems ...

Power pole collapses damaging multiple vehicles in Miramar

Published Mon, 16 Dec 2024 08:02:40 GMT

A power pole collapsed and landed on multiple cars in Miramar. The incident took place at 3408 West Lake Place on Tuesday morning, prompting a swift response from local firefighters.No injuries were reported at the time. Collapsed power poles seem to be a recurring problem in this area. Authorities are urging residents to exercise caution and avoid any contact with fallen powerlines, as they may still carry electric current. It is crucial to remember that tampering with or touching these powerlines can lead to severe injuries or even prove fatal.Residents are reminded to report any power pole-related concerns to Florida Power & Light.

BSO investigating after body found on Hillsboro

Published Mon, 16 Dec 2024 08:02:40 GMT

Broward Sheriff’s Officers are investigating after a body was found on the beach.The victim was located on the south side of Hillsboro next to the rocks. It appears the victim is deceased and lost a tremendous amount of blood.A BSO marine agent was also on the scene. The identity of the victim is unknown at this time. Please check back on WSVN.com and 7News for more details on this developing story.

What’s next for the Chicago Cubs after their exit from London?

Published Mon, 16 Dec 2024 08:02:40 GMT

The Chicago Cubs’ Brexit went smoothly after splitting their two-game series against the St. Louis Cardinals in London.The team arrived back in Chicago late Sunday night, then had Monday off to try and shake the jet lag as they prepared for Tuesday’s start of a six-game homestand against the Philadelphia Phillies and Cleveland Guardians.The Athletic called the London Series a “smashing success,” though it was hard to understand how anyone came to that conclusion from watching the games on Fox Sports and ESPN.Both the Cubs and Cardinals were sub-.500 teams who looked the part. Neither game was particularly competitive, and the fielding was lackluster. ESPN botched the names of Cubs players and never corrected themselves. An ESPN pregame show even mispronounced the name of Bruce Sutter, a Hall of Famer who played for both teams during his career.There also was no instant classic moment, like Tim Anderson depositing a walk-off home run into a cornfield in the 20...

Russia strike kills at least 6 al-Qaida militants in Syria, medical officials, war monitor say

Published Mon, 16 Dec 2024 08:02:40 GMT

IDLIB, Syria (AP) — A Russian airstrike Tuesday targeted a military post of a group linked to al-Qaida in northwest Syria killing at least six militants, medical officials and a war monitor said.The airstrike on the Jabal al-Zawiya area in the northwestern province of Idlib came two days after another airstrike on a busy vegetable market in the same province killed at least nine people.The Britain-based Syrian Observatory for Human Rights, an opposition war monitor, said the Tuesday morning airstrike killed eight militants and wounded other members of the al-Qaida-linked Hayat Tahrir al-Sham, or HTS.Medical officials in the area said the strike killed six militants and wounded others.It is not uncommon to have conflicting figures of casualties in the aftermath of airstrikes on Idlib province, the last remaining rebel stronghold in war-torn Syria. Russia joined the war in September 2015, helping tip the balance of power in favor of President Bashar Assad in the 12-year conflict that ...

California’s new budget covers $32 billion deficit without touching reserves

Published Mon, 16 Dec 2024 08:02:40 GMT

SACRAMENTO, Calif. (AP) — California Gov. Gavin Newsom and the Democrats who control the state Legislature agreed late Monday on how to spend $310.8 billion over the next year, endorsing a plan that covers a nearly $32 billion budget deficit without raiding the state’s savings account.The nation’s most populous state has had combined budget surpluses of well over $100 billion in the past few years, using that money to greatly expand government.But this year, revenues slowed as inflation soared and the stock market struggled. California gets most of its revenue from taxes paid by the wealthy, making it more vulnerable to changes in the economy than other states. Last month, the Newsom administration estimated the state’s spending would exceed revenues by over $30 billion. The budget, which lawmakers are scheduled to vote on this week, covers that deficit by cutting some spending — about $8 billion — while delaying other spending and shifting some expenses to other f...

Italy looks for man seen in viral video carving names into Rome’s almost 2,000-year-old Colosseum

Published Mon, 16 Dec 2024 08:02:40 GMT

ROME (AP) — Italy’s culture and tourism ministers have vowed to find and punish a tourist who was filmed carving his name and that of his apparent girlfriend in the wall of the Colosseum in Rome, a crime that resulted in hefty fines in the past.Video of the incident went viral on social media. The message reading “Ivan+Haley 23” appeared on the Colosseum at a time when residents already were complaining about hordes of tourists flooding the Eternal City in record numbers this season.Culture Minister Gennaro Sangiuliano called the writing carved into the almost 2,000-year-old Flavian Ampitheater “serious, undignified and a sign of great incivility.” He said he hoped the culprits would be found “and punished according to our laws.”Italian news agency ANSA noted that the incident marked the fourth time this year that such graffiti was reported at the Colosseum. It said whoever was responsible for the latest episode risked $15,000 in fines and up to five years in prison. Tourism Ministe...