MANITOWOC – Folks living on the lakeshore will have several options to get some exercise while sipping on their favorite beer or wine. Read on for more on that, and other area business news. Tavern on Wheels pedals into town The Manitowoc Tavern on Wheels. The Manitowoc Tavern on Wheels is a new pedal-powered vehicle…
Tag: business news report
First Republic shares surge as Yellen pledges support for US banks [Video]
Regional bank stocks rebounded Tuesday as Treasury Secretary Janet Yellen pledged further assistance to depositors if needed and a second attempted rescue of troubled San Francisco lender First Republic (FRC) took shape. First Republic was up 43% this morning as of 10:50 am ET, just one day after plummeting 47% to its lowest-ever closing price….
First Citizens Bank Charitable Foundation anounces donations
First Citizens Charitable Foundation, Inc. announced in a press release that 45 area organizations were the recipients of $149,950 in donations in December 2022 and January 2023. Recipients include the following: Project Flo Association $2,000; Charles City Community Schools $1,000; Immaculate Conception School $2,000; Floyd County Historical Society $2,000; National 19th Amendment Society $5,000; Friends…
California court rules for Uber, Lyft in ride-hailing case – Business News
Photo: The Canadian Press App-based ride hailing and delivery companies like Uber and Lyft can continue to treat their California drivers as independent contractors, a state appeals court ruled Monday, allowing the tech giants to bypass other state laws requiring worker protections and benefits. The ruling mostly upholds a voter-approved law, called Proposition 22, that…
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…
Nordstrom closed all of its Canadian stores, cutting 2,500 jobs
Breadcrumb Trail Links Retail & Marketing News “We do not see a realistic path to profitability for the Canadian business,” said the CEO Author of the article: The Canadian Press Tara Deschamps Published March 02, 2023 • Last updated 1 week ago • 2 minute read 10 Comments Shoppers take the escalators at a Nordstrom…
Nordstrom closing down in Canada, shuttering all 13 stores
Nordstrom Inc. says it is winding down its Canadian operations and closing all 13 of its stores in the country. The company filed for protection from its creditors this week under the Companies’ Creditors Arrangement Act, a Canadian law that manages the orderly wind-down of businesses. CCAA is convinced to what’s known as “Chapter 11…
Bay Street Likely To Open Lower
Canadian shares are likely to open on a negative note on Monday, tracking lower crude oil prices and sluggish metal futures. China setting a modest growth target of around 5% for this year, down from last year’s target of 5.5%, is likely to weigh on sentiment. Cargojet Inc. (CJT.TO) reported fourth-quarter net income of $2.6…