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Tag: business current events

25/03/202311/07/2024

Pizza parlor closes, breakfast place opens, more in Lubbock business news

Alana Edgin is a business reporter for the Avalanche-Journal, as seen Tuesday, June 14, 2022, at the Lubbock Avalanche-Journal.

Alana Edgin is a business reporter for the Avalanche-Journal, as seen Tuesday, June 14, 2022, at the Lubbock Avalanche-Journal.

Hello AJ readers!

This week, when one door closes, two more open – at least in Lubbock’s business community.

On March 19, the owners of 1000 Degrees Pizza on Indiana Avenue announced that the restaurant would close permanently. The business stated they would be open while supplies last, then close by the end of March. Once closed, there will be no 1000 Degrees Pizza in Lubbock.

Two businesses opened or will open their doors soon. Scooters Coffee, 8101 Indiana Ave., held

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24/03/202311/07/2024

Do I Need an Emergency List?

We frequently have questions related to the practical and financial panic after a death in the family when accounts, passwords, and assets are unknown. Sometimes, a family knows an estate plan was done but they cannot find the plan and don’t even know the law firm that drafted the plan. An emergency list can help to avoid these issues.

We can help you stay on top of the latest news that affects your everyday life. Subscribe to stay up to date. (To subscribe to our blog click here).

We often see people lose their spouse, and have no idea

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17/03/202311/07/2024

Facebook parent Meta slashes another 10,000 jobs – Business News

Meta slashes 10,000 jobs

The Associated Press – March 14, 2023 / 7:11 am | Stories: 415964

Photo: The Canadian Press

Facebook parent Meta is slashing another 10,000 jobs and will not fill 5,000 open positions as the social media pioneer cuts costs.

The company said Tuesday it will reduce the size of its recruiting team and make further cuts in its tech groups in late April, and then in its business groups in late May.

“This will be tough and there’s no way around that,” said CEO Mark Zuckerberg. “It will mean saying goodbye to talented and passionate colleagues

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13/03/202311/07/2024

Nordstrom closing all of its Canadian stores, cutting 2,500 jobs – Business News

Nordstrom to leave Canada

The Canadian Press – Mar 2, 2023 / 1:57 p.m | Stories: 414122

Photo: The Canadian Press

Shoppers take the escalators looking for Boxing Day deals at a Nordstrom store in downtown Toronto on Monday, Dec. 26, 2017. Nordstrom Inc. says it is winding down its Canadian operations and closing all of its stores in the country. THE CANADIAN PRESS/Christopher Katsarov

Nordstrom Inc. is closing all of its Canadian stores and cutting 2,500 jobs as it winds down operations in the country.

The Seattle-based retailer has six Nordstrom and seven Nordstrom Rack stores in Canada, which

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12/03/202311/07/2024

Company planning to make COVID vaccine in Canada warns it could fold

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Novavax lost more than $600 million last year

Author of the article:

The Canadian Press

The Canadian Press

Jacob Serebrin

Published March 02, 2023 • Last updated Mar 02, 2023 • 3 minute read

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Scientists examine a step in the vaccine purification process
Scientists examine a step in the vaccine purification process as they design updates to Novavax’s COVID-19 shots at the company’s research laboratory in Gaithersburg, Md. Photo by Angie Wang/The Associated Press

Article content

MONTREAL — An American company that signed a deal with the federal government to produce COVID-19 vaccines in Montreal has warned investors it could go out of business

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11/03/202311/07/2024

Fukushima plant head: Too early to predict decommissioning – Business News

Photo: The Canadian Press

The head of Japan’s wrecked Fukushima nuclear plant says details of the damage inside its reactors are only beginning to be known 12 years after it was hit by a massive earthquake and tsunami, making it difficult to foresee when or how its decommissioning will be completed.

The most pressing immediate task is to safely start releasing large amounts of treated but still radioactive water from the plant into the sea, Akira Ono said in an interview with The Associated Press.

The March 2011 earthquake and tsunami damaged cooling systems at the Fukushima Daiichi plant, causing

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08/03/202311/07/2024

Stocks rally as Salesforce’s 11% gain lifts Dow while S&P, Nasdaq reverse early losses

Stocks rallied on Thursday with the Dow leading markets higher as a result from Salesforce (CRM) lifted the index, and the S&P 500 and Nasdaq shook off early losses to finish on the green.

At the close on Thursday, the S&P 500 was up 0.76%, the Nasdaq higher by 0.73%, and the blue chip Dow up 1.05%.

Rates remained a key focus for investors, with the yield on the 10-year Treasury note settling north of 4%, its highest level since November.

The rise in yields has come as investors brace for more aggressive action from the Federal Reserve in the

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08/03/202311/07/2024

11 states tax Social Security benefits. Do you live in one?

Just because you paid a payroll tax during your working years to fund Social Security doesn’t mean you’re done once you retire.

Retirees may know that they will pay federal taxes on their social security benefits if their total income exceeds certain amounts. But few of them may realize that some states will also try to take a cut. Social Security benefits include monthly retirement, survivor and disability benefits.

The good news is fewer than a dozen states tax social security benefits, so chances are good you won’t get hit. While each state has different rules on what or how

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