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FS to implement BECCS to become world’s first negative carbon biorefinery

In Brazil, FS, the first and largest Brazilian company to produce ethanol, animal nutrition and bioenergy products exclusively from corn, brings innovation with a project to implement a revolutionary system utilizing proven technology: the BECCS – Bioenergy with Carbon Capture and Storage system.   By implementing the BECCS system, the Company will not only reduce its CO2 emissions into the atmosphere but will also remove CO2 from the environment. The system consists of capturing, compressing, ...
Tags: Brazil, Lucas, Company, California Air Resources Board CARB, Fuels, Rio Verde, BECCS, FS, Low Carbon Fuel Standard LCFS California


Washington Prime Group, a mall owner with more than 100 shopping centers across the US, has filed for Chapter 11 bankruptcy

A shopper goes up in the escalator in Baldwin Hills Crenshaw Plaza on Tuesday, Dec. 8, 2020 in Los Angeles, CA. Dania Maxwell / Los Angeles Times/Getty Images Mall owner Washington Prime Group has filed for Chapter 11 bankruptcy protection. It operates roughly 100 US malls and says business will continue as usual during the proceedings. The company says COVID-19 presented "significant challenges" that made the filing necessary. See more stories on Insider's business page. Washington Pr...
Tags: Washington, US, Trends, Neiman Marcus, Jcpenney, Company, COLUMBUS Ohio, Sarah Jackson, Lou Conforti, Washington Prime Group, Baldwin Hills Crenshaw Plaza, COVID


Lordstown Motors extends decline to 33% as the electric-vehicle maker warns it may go out of business

The Endurance pickup truck. Lordstown Motors Lordstown Motors shares extended their decline to 33% after the electric vehicle maker warned late Tuesday that it's low on cash and faces shutting its doors. Lordstown outlined its warnings to investors with the Securities and Exchange Commission. The company is still targeting limited production of its Endurance pickup truck in September. See more stories on Insider's business page. Shares of Lordstown Motors slumped Wednesday, dee...
Tags: Trends, Markets, Electric Vehicles, Securities And Exchange Commission, Company, Lordstown, Going Concern, Carla Mozee, Lordstown Motors, RIDE stock price, MI Exclusive, Lordstown Motors Lordstown Motors, lordstown motors SEC, Lordstown warning, Endurance truck, Securities and Exchange Commission Lordstown


Lordstown Motors extends decline to 21% as the electric-vehicle maker warns it may go out of business

The Endurance pickup truck. Lordstown Motors Lordstown Motors shares extend decline to 21% after the electric vehicle maker warned late Tuesday that it's low on cash and faces shutting its doors. Lordstown outlined its warnings to investors with the Securities and Exchange Commission. The company is still targeting limited production of its Endurance pickup truck in September. See more stories on Insider's business page. Shares of Lordstown Motors fell early Wednesday, deepenin...
Tags: Trends, Markets, Electric Vehicles, Securities And Exchange Commission, Company, Lordstown, Going Concern, Carla Mozee, Lordstown Motors, RIDE stock price, MI Exclusive, Lordstown Motors Lordstown Motors, lordstown motors SEC, Lordstown warning, Endurance truck, Securities and Exchange Commission Lordstown


Embattled EV startup Lordstown Motors warns it may not have enough cash to start commercial production

Vice President Mike Pence at the unveiling of the Lordstown Endurance. Lordstown Motors Lordstown Motors warned it may not have enough cash to start commercial production of its debut pickup. The startup also said it had "sufficient doubts" about whether it can meet financial obligations. Lordstown was accused earlier this year by a short-seller of misleading investors. See more stories on Insider's business page. Electric-vehicle startup Lordstown Motors warned Tuesday that it may ...
Tags: Trends, General Motors, Electric, Mike Pence, Company, SPAC, Lordstown, Lordstown Ohio, Steve Burns, Lordstown Motors, Hindenburg Research, Tim Levin


Don’t trust that SPAC deck

The continuing saga of Lordstown Motor’s struggles as a public company took a new turn today as the electric truck manufacturer made yet more news. Bad news. Shares of Lordstown are down sharply today after the company reported in an SEC filing that it does not have enough capital to build and launch its electric truck. Here’s the official verbiage (formatting, bolding: TechCrunch): Since inception, the Company has been developing its flagship vehicle, the Endurance, an electric full-size pickup...
Tags: Fundings & Exits, Startups, TC, Tech, SEC, Lol, Company, Don, The Company, SPAC, Lordstown, GAAP, Lordstown Motors, Lordstown Motor, Capital Structure


START CEO Julia Mindubaeva on Company’s Slate of Original Content, Russian VOD Boom (EXCLUSIVE)

The past few years have seen a host of Russian streaming services enter the market, and as in other countries around the globe, the pandemic was a boon to the industry, which grew by 66% in 2020 to reach a value of 27.8 billion rubles ($384 million), according to TMT Consulting. No company has benefited […]
Tags: News, Global, Markets & Festivals, Company, 257 Reasons to Live, Key Buyers Event, Russian Affairs, Yellow Black and White, Better Than Us, Julia Mindubaeva


Wyndham Hotels & Resorts Debuts 21st Brand, Registry Collection Hotels, With Grand Residences Riviera Cancun

Wyndham Hotels & Resorts, the world’s largest hotel franchising company with over 8,900 hotels across nearly 95 countries, today unveiled its 21st brand, Registry Collection HotelsSM, adding a luxury offering to the upper end of the Company’s growing brand portfolio while further advancing its mission to make hotel travel possible for all.
Tags: Travel, Company, Wyndham Hotels Resorts the world, Wyndham Hotels amp, Grand Residences Riviera Cancun, Registry Collection HotelsSM


AMC Entertainment Holdings, Inc. Unveils All New Communication Initiative to Engage Directly With Its Sizable Retail Shareholder Base...

AMC Entertainment Holdings, Inc. (NYSE: AMC) ("AMC" or "the Company"), announced today that it is launching AMC Investor Connect, an...
Tags: Company, AMC Entertainment Holdings Inc, AMC AMC


Braemar Hotels & Resorts Announces Agreement To Acquire The Mr. C Beverly Hills Hotel

Braemar Hotels & Resorts Inc. (NYSE: BHR) ("Braemar" or the "Company") today announced it has entered into a definitive agreement to acquire the 138-room Mr. C Beverly Hills Hotel in Los Angeles, California (the "Mr. C" or the "Property"). In addition, the Company is also acquiring five luxury condominium residences adjacent to the hotel. The acquisition is expected to close on or prior to July 9, 2021, subject to customary closing conditions. Because the acquisition is subject to customa...
Tags: Travel, Beverly Hills Hotel, Company, Los Angeles California, Braemar Hotels amp, Braemar Hotels Resorts Inc NYSE, BHR Braemar


Leading Independent Proxy Advisory Firm ISS Recommends Extended Stay America Shareholders Vote AGAINST Proposed Sale to Blackstone and Starwood

Tarsadia Capital, LLC together with its affiliates, associates and funds it manages (“Tarsadia”), today announced that leading independent proxy advisory firm Institutional Shareholder Services Inc. (“ISS”) has recommended that Extended Stay America, Inc. (NASDAQ: STAY) (“STAY” or the “Company”), shareholders VOTE AGAINST the proposed sale of the Company to Blackstone Real Estate Partners and Starwood Capital Group (the “Sale”) at the Special Meeting scheduled for June 8, 2021.
Tags: Travel, Starwood, Blackstone, Company, Extended Stay America Inc, Starwood Capital Group, Institutional Shareholder Services Inc, Blackstone Real Estate Partners, Tarsadia Capital LLC


AlgaeCytes to build first commercial plant for algae-based tech

In Germany, biotechnology company AlgaeCytes Limited is building its first commercial plant in Dessau, Saxon-Anhalt, Germany which will house AlgaCytes’s unique algae-based technology to produce natural, vegetarian, traceable, high-potency algal EPA, beta-carotene and agricultural crop biostimulant from sustainable sources to serve the nutraceutical, pharmaceutical and food verticals. The plant will be owned and operated by the Company’s German subsidiary, AlgaeCytes Germany GmbH. Total investme...
Tags: Europe, UK, Germany, US, Middle East, Epa, Algae, Company, Fuels, GRW, Deepbridge Capital, AlgaeCytes, AlgaeCytes Limited, Dessau Saxon Anhalt Germany, AlgaeCytes Germany GmbH Total, Gemeinschaftsaufgabe


Coinbase Launches 'Fact Check,' a Section on its Blog To Combat Misinformation about the Company and Crypto World

Crypto giant Coinbase on Thursday launched its own media operation. The company is calling it "Fact Check" -- and giving it a dedicated section on its blog. In a blog post, Coinbase Founder and CEO Brian Armstrong said the firm, which recently went public, will use Fact Check to combat misinformation and mischaracterizations about Coinbase or crypto being shared in the world. "Unfortunately, we also see misinformation published frequently as well, whether in traditional media, social media, or...
Tags: Tech, Company, Armstrong, Brian Armstrong, Crypto World


Lordstown Motors slashes production forecast for its electric pickup

Lordstown Motors’ cash-rich SPAC dreams have turned out to be nothin’ more than wishes. The automaker reported Monday a disappointing first-quarter earnings that was a pile-up of red-ink-stained negativity. Lowlights include higher-than-expected forecasted expenses, a need to raise more capital and lower-than-anticipated production of its Endurance vehicle this year — from around 2,200 vehicles to just 1,000. In short, the company is set to consume more cash than the street expected and is furth...
Tags: Tech, Tesla, Automotive, Ford, Gm, DOE, Burns, Company, SPAC, Lordstown, U S Securities and Exchange Commission, Nikola, Steve Burns, Hindenburg, Workhorse Group, Workhorse


Grenke's audit statement

Grenke is a Geman listed (but global) equipment leasing company who has been subject to a short-seller research report (which Grenke supporters call an attack). Grenke was late to publish an annual report, but they indicated to the market a date in May (today!) when the annual report would be published. The question was whether - given the rather florid allegations - KPMG would be be prepared to sign the audit report (thus declaring the short-seller allegations false). On 17 May the company ...
Tags: Business, Eu, Kpmg, Group, Company, IDW, Supervisory Board, Audit Committee, IFRS, John Hempton, Parent Company, International Standard, Grenke, Antje Leminsky, GRENKE AG Investors, Viceroy Research LLC Wilmington Delaware USA


Crypto assets are not a 'real investment' because their fundamentals are weak, says top ECB official

European Central Bank Vice President Luis de Guindos. Thomson Reuters Crypto assets shouldn't be considered a "real investment," European Central Bank Vice President Luis de Guindos told Bloomberg on Wednesday. The assets have weak fundamentals and their value is difficult to assess, he said. The ECB called bitcoin "risky and speculative" in its latest Financial Stability Report. See more stories on Insider's business page. Crypto assets shouldn't be considered as a "real in...
Tags: China, Trends, Markets, Tesla, Bloomberg, European Central Bank, Bitcoin, Crypto, Holland, Ecb, Cryptocurrencies, Ethereum, Musk, Company, People s Bank of China, South Sea


NH Reinforces Its Capital Structure And Optimises Its Corporate Debt

Madrid - Minor International, NH Hotel Group's largest shareholder, has approved a rights offering of up to €107 million with pre-emptive subscription rights for all shareholders. Minor has already committed to invest the €100 million upfront, corresponding to its 94.1% shareholding, in the form of a convertible loan. The rest of the Company's shareholders will be offered the chance to invest the remaining €7 million as part of a rights offering expected to close between next September an...
Tags: Travel, Company, Madrid Minor International NH Hotel Group


Trial Date Set for Reverse Mortgage Lender as Dismissal Motion is Pending

A trial date has been set for a dispute stemming from a complaint filed by the U.S. Department of Justice (DOJ) against reverse mortgage lender Nutter Home Loans (formerly known as James B. Nutter & Co.), stemming from a complaint filed by DOJ against the lender last fall. This is according to court documents obtained by RMD, as well as statements shared by representatives for DOJ and legal counsel for the lender. As the DOJ alleges in the original complaint filed last year, Nutter allegedly ...
Tags: Featured, Finance, Joe Biden, United States, Fca, Davis, Hud, Department Of Justice, District Of Columbia, Doj, OIG, Ben Carson, Cfo, Company, The Company, FHA


Montauk Renewables to sell part of its RNG to Iogen for sale to EU market

In Pennsylvania, Montauk Renewables, Inc. has signed an agreement to sell a portion of its Renewable Natural Gas production as a feedstock to make fuel for the European market. Beginning July 2021, the Company will sell approximately 900,000 MMBtu annually of is production, currently monetized under an expiring domestic floor-price agreement, to Iogen RC Fuels, under a new 4.5 year fixed-price agreement to make vehicle fuel to serve the European market. Montauk’s ability to enter into this Agree...
Tags: Eu, Pennsylvania, Iogen, Company, Fuels, RNG, European Union Renewable Energy, Montauk Renewables, Montauk Renewables Inc, Iogen RC Fuels


Vans co-founder Paul Van Doren dies at age 90

Paul Van Doren, who co-founded the Costa Mesa-based shoe company Vans, died on Thursday, May 6. He was 90. Vans announced Van Doren’s passing on social media, releasing this statement: “It is with a heavy heart that Vans announces the passing of our co-founder, Paul Van Doren. Paul was not just an entrepreneur; he was an innovator. “The Van Doren Rubber Company was the culmination of a lifetime of experimentation and hard work in the shoe industry. Paul’s bold experiments in product design, dist...
Tags: News, Sport, Soccer, Broadway, Local News, Beaches, James, Southern California, Company, Anaheim, PAUL, Costa Mesa, Steve Van Doren, Van Doren Rubber Company, James Van Doren, Paul Van Doren


United States: SEC Charges AT&T And Individual Executives With Violations Of Regulation FD - Cahill Gordon & Reindel LLP

On March 5, 2021, the Securities and Exchange Commission ("SEC") charged AT&T, Inc. ("AT&T" or the "Company") and three executives in its Investor Relations Department (the "IR officers")...
Tags: News, United States, Company, Securities and Exchange Commission SEC, Cahill Gordon, Reindel LLP, SEC Charges AT amp, AT T Inc AT T


1 in 3 women of color are planning on leaving their jobs by next year, according to a new survey. Here's what employers should do to help.

Many women of color are often the 'first' or one of a 'few' in their corporate environments and the challenging dynamics that come with that are exhausting. Delmaine Donson / Getty Images Women of color often feel unheard, unseen, and mentally and physically burned out at work. A new survey found that nearly "two-thirds of women of color are not satisfied with their company's diversity and inclusion initiatives." Women of color don't feel safe talking about their ch...
Tags: Trends, Company, Nicole, Huang, Houston Texas, Goddess, Fairygodboss, Georgene Huang, George Floyd, Dionne Nicole, Javacia Harris Bowser


3D printing marketplace Shapeways set for SPAC

Shapeways this morning confirmed earlier reports that it has entered into a deal to go public via SPAC. The model, which has become increasingly popular among tech companies in the past year, has already been taking up by a number of fellow 3D printing companies, including Markforged and Desktop Metal. “Our vision to enable anyone to rapidly transform digital designs to physical products is reaching a significant milestone today as we transition Shapeways into a public company,” CEO Greg Kress s...
Tags: New York, Hardware, Funding, Tech, 3d Printing, 3d Printer, Shapeways, Nyse, Company, SPAC, Desktop Metal, MarkForged, Greg Kress, Galileo Acquisition Corp


The CEO of a company you've probably never heard of earned $211 million in compensation last year - and the title of highest-paid chief executive, according to a new ranking

Paycom founder and CEO Chad Richison Business Wire Paycom founder and CEO Chad Richison was the highest compensated CEO in 2020, the New York Times reported. The company provides cloud-based HR management software to 31,000 employers. Since going public in 2014, the stock has vastly outperformed the S&P's index of software companies. See more stories on Insider's business page. Jeff Bezos may be the world's wealthiest man, but his $1.7 million pay package from Amazon was nowher...
Tags: Amazon, Careers, Trends, Strategy, Compensation, New York Times, Jeff Bezos, Glassdoor, Oklahoma City, Company, JPMorgan Chase, Jason Clark, Paycom, DOMINICK REUTER, Chad Richison, Richison


The Battle of the Parsis

Will the house that Jamsetji built with a capital of Rs 21,000 in 1868 continue to retain its values? LET’S START THIS story with the one question everyone asks. How many Parsis are there in India? The answer is likely to be anything between 50,000 and 60,000. No one knows for sure. Ask the Parsis. They will claim 60,000. Ask the demographers. They are more likely to say anything between 45,000 and 50,000. Article by Pritish Nandy | The OPEN Magazine In either case, you would imagine such a ti...
Tags: Asia, England, Supreme Court, Wales, Life, China, India, US, Industry, Mumbai, Ratan Tata, Air India, Bombay, James, Gujarat, Tata Consultancy Services


Kubient Appoints Former MediaMath and DoubleVerify Executive Leon Zemel as Chief Product Officer

NEW YORK, NY — Kubient (NasdaqCM: KBNT, KBNTW) (“Kubient” or the “Company”), a cloud-based software platform for digital advertising, today announced that digital advertising industry veteran Leon Zemel has joined the Company as the new Chief Product Officer.  Most recently the Senior Vice President of Programmatic and Platform Product at DoubleVerify, Zemel joins Kubient with […] The post Kubient Appoints Former MediaMath and DoubleVerify Executive Leon Zemel as Chief Product Officer appeared f...
Tags: New York, Advertising, Press Releases, Online Media, Media Buying, Company, Ad & Media Strategies, Programmatic Buying, Programmatic Advertising, People in Ad Tech, RTB Advertising, Kubient, Leon Zemel, KBNT KBNTW Kubient, DoubleVerify Zemel


United States: New York Department Of Financial Services Continues Enforcement Of Cybersecurity Regulation With Second And Third Actions Under Cybersecurity Regulation - Akin Gump Strauss Hauer & Feld LLP

On March 3, 2021, the New York Department of Financial Services (DFS) announced that Residential Mortgage Services, Inc. ("Residential Mortgage" or the "Company") would pay a $1.5 million penalty for...
Tags: News, United States, Company, Gump Strauss Hauer, Feld LLP, New York Department of Financial Services DFS


Coca-Cola, Delta, United, and 7 other companies blast Georgia's new voting law in a wave of corporate backlash

A person with voter protection waits for voters to arrive during Georgia's Senate runoff elections on Tuesday, Jan. 5, 2021, in Atlanta. Brynn Anderson/AP Brynn Anderson/AP Atlanta-based Coca-Cola, Delta, and Home Depot have spoken out against suppressing voter rights. Dozens of Black business leaders called on American corporations to oppose new laws like Georgia's. United, Apple, and JPMorgan have also made statements defending voter rights. See more stories on Insider's bus...
Tags: Apple, Transportation, Home Depot, Politics, New York, Voting, News, Coca Cola, Senate, US, Trends, Atlanta, Georgia, Merck, Joe Biden, Cnn


Pomerantz appointed co-lead counsel in NMC Health securities litigation | Business – Gulf News

Pomerantz appointed co-lead counsel in NMC Health securities litigation | Business – Gulf NewsUS District Judge Consuel B. Marshall of the Central District of California appointed Pomerantz LLP as Co-Lead Counsel in Chris Hashem, et al. v. NMC Health plc, et al., a securities litigation being pursued on behalf of a class of defrauded investors regarding allegations of misstatements related to NMC’s financial stability and controls.This is a class action on behalf of persons or entities who purch...
Tags: Travel, Spain, Company, United Arab Emirates the United Kingdom, NMC, Central District of California, Rupert Neil Bumfrey, NMC Health, Pomerantz LLP, Pomerantz, Consuel B Marshall, Chris Hashem


Marriott Vacations Worldwide Completes Acquisition Of Welk Resorts

Marriott Vacations Worldwide (NYSE: VAC) ("MVW" or the "Company") announced today that it has completed the previously announced acquisition of Welk Resorts, one of the largest independent timeshare companies in North America, for $485 million, including approximately 1.4 million MVW common shares of stock.
Tags: Travel, North America, Company, Welk Resorts, Marriott Vacations Worldwide NYSE