Christmas Tree Shops rebranding as CTS, opening more stores
The next time you go by a Christmas Tree Shop, it might have a new name.
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ReutersChevron to relocate head office within California, sell existing HQ
"The current real estate market provides the opportunity to right-size our office space to meet the requirements of our headquarters-based employee population," the company said in an email. Chevron is expected to shift its headquarters to the new site during the third quarter of 2023. Rival Exxon in January also relocated its corporate headquarters from Irving, Texas to its campus north of Houston.
- Reuters
Germany looking at repurposing unused Nord Stream 2 pipeline for LNG use -report
The German government is considering converting parts of the Nord Stream 2 gas pipeline into a connection for a liquefied natural gas terminal on the Baltic Sea coast. Magazine Der Spiegel reported on Friday that the German economy ministry is considering expropriating the part of the pipeline system located on German territory and cutting it off from the rest of the pipeline. Russia said it would be a matter for lawyers if Germany took such steps.
- Austin American-Statesman
Fact-check: Is domestic oil more affordable than imported oil?
Kevin McCarthy said domestic oil is more affordable than imported oil. It costs more
- Bloomberg
Putin Is Pushing Germany’s Economy to the Breaking Point
(Bloomberg) -- In Germany, some industrial furnaces have been running without interruption for decades. If they cool down suddenly, the molten materials harden and the system breaks. Most Read from BloombergGermany Pushes for G-7 Reversal on Fossil Fuels in Climate BlowSupreme Court Overturns Roe, Transforming Abortion-Rights FightJustice Kavanaugh Says States May Not Bar Travel to Obtain an AbortionProtest Latest: Tear Gas Used in Arizona; Driver Hits ProtestersSorry Elon Musk. Hyundai Is Quiet
- Motley Fool
Could Ethereum Skyrocket After the Merge?
The Merge is an upcoming blockbuster of an upgrade to the Ethereum crypto network. Will it send token prices to the moon?
- Business Insider
Energy costs are soaring, bitcoin's price is plummeting — and that's why big crypto miners are selling tokens at a discount
Profits for bitcoin miners have tumbled in the face of rising electricity costs and a cryptocurrency sell-off that has sent the token to 18-month lows.
- BuzzFeed
People Are Sharing 'Motivational' Things Their Jobs Tried That Totally Backfired, And Now I Understand The Great Resignation
"My boss told everyone that we'd all need to make sacrifices and that he himself had to sell one of his houses."View Entire Post ›
- Fortune
‘The whole market is in danger of collapsing’: Germany warns of a ‘Lehman moment’ if Russia cuts off natural gas to Europe
Russia’s fiddling with gas flows to Europe could create an economic spillover effect, warns Germany’s top economy minister.
- Business Insider
The high-flying energy sector is suffering one of its worst streak of losses in 40 years as oil prices pull back
The S&P 500 Energy Sector has lost about 24% over the past two weeks but is still the only group with gains on the S&P 500 index so far this year.
- People
Costco Faces Animal Welfare Lawsuit Over Their $4.99 Rotisserie Chicken
The lawsuit comes after nonprofit Mercy for Animals depicted one of Costco's contracted barn's treatment of their chickens in a video posted last February
- Consumer Reports
Who Owns Which Car Brands?
A road map to auto industry ownership and partnershipsBy Jeff S. BartlettThe auto industry has a very confusing family tree. The past decade has seen partnerships, sales, separations, bankruptcie...
- MoneyWise
‘Recession is inevitable’: Elon Musk now thinks there’s a greater than 50-50 chance that the economy will decline. Here are 3 simple ways to protect your money
Tough times are coming. Prep your portfolio.
- Barrons.com
Elon Musk Mentions Tesla and Bankruptcy in Same Breath. Why Everyone Needs to Relax.
Tesla CEO Elon Musk spoke with a Tesla owners club. He talked bankruptcy, advertising, full self driving, and birthrates. There was a lot to digest.
- Reuters
Humble rice bran becomes hot commodity as India scours for edible oils
Rice bran has become a sought-after commodity in India as the world's biggest importer of vegetable oils tries to overcome an edible oil shortage caused by global supply disruptions. A by-product in rice milling, rice bran has been traditionally used for cattle and poultry feed. Rice bran oil accounts for a small portion of overall vegoil consumption in India but is one of the fastest-growing among edible oils, industry officials say, and production and imports are set to increase to meet the demand.
- Reuters
Bristol Myers must face $6.4 billion lawsuit over delayed cancer drug
A U.S. judge on Friday refused to dismiss a $6.4 billion lawsuit accusing Bristol Myers Squibb Co of delaying its Breyanzi cancer drug to avoid payments to shareholders of the former Celgene Corp, which the drugmaker bought for $80.3 billion in 2019. U.S. District Judge Jesse Furman in Manhattan rejected Bristol Myers' claim that it was never properly notified about its alleged default on its merger obligations by UMB Bank NA, the trustee representing the former Celgene shareholders. Bristol Myers and its lawyers did not immediately respond to requests for comment.
- MarketWatch
GM's Cadillac plans to price future electric sedan at about $300,000: Wall Street Journal
General Motors' Cadillac is planning to price a future electric sedan at about $300,000, the Wall Street Journal reported Friday, citing people familiar with the matter. The car, named the Celestiq, is expected to be revealed this summer in prototype form as Cadillac's premier offering. The pricing has not yet been disclosed. GM is planning to build fewer than 500 of the vehicle annually as a way to showcase its technology and generate buzz for the Cadillac brand, the people told the paper. The
- Bloomberg
Oil CEOs Get Olive Branch From Granholm in Gas-Price Huddle
(Bloomberg) -- The US energy chief struck a conciliatory tone in a high-stakes meeting with top oil executives to discuss soaring gasoline prices on Thursday, though the huddle yielded little progress on a plan to address the supply crunch. Most Read from BloombergSupreme Court Overturns Roe, Transforming Abortion-Rights FightJuul’s Vaping Products Are Ordered Off the Market in the USStocks Surge as Bullard, Data Ease Recession Fears: Markets WrapThese Are the World’s Most Liveable Cities in 202
- Business Insider
Warren Buffett will likely acquire Occidental Petroleum once its credit situation improves after already plowing nearly $20 billion into the company, Truist says
Buffett built a massive stake in Occidental Petroleum over the past three years, having first purchased $10 billion worth of preferred stock in 2019.
- American City Business Journals
Husco International embraces Afghan refugees as solution to workforce shortage
After months of limited results in hiring for second-shift positions at its Waukesha plant, Husco International executives leaped at the opportunity to recruit refugees from Afghanistan — and the manufacturer has filled many of its openings.
- NBC News
ER doctor who became sick with Covid at work says she was told to 'finish the shift'
A group of Houston doctors allege that American Physician Partners officials pressed them to work while ill, even if they had Covid and could spread it to patients.