CraftWorks Holdings, which is the parent company of the restaurant brand is shutting over 260 Logan's Roadhouse locations down because they were unable to hang on to their financing when they filed for bankruptcy in early 2019. The chain restaurant owners, "Craftworks" say they intend to re-open its Logan's locations but are still unsure. The debtor-in-possession financing was withdrawn because ... [Full Article...]
But investors hoping for relief from a glut of oil that sent prices tumbling were disappointed, as a planned teleconference of OPEC crude producers and key non-OPEC members aimed at easing the oversupply was pushed back to Thursday from Monday. [Full Article...]
The Society for Motor manufacturers and Traders is likely to report that the fall in sales was even greater than that seen during the financial crisis. "How long the market remains stalled is uncertain, but it will re-open and the products will be there". That means battery-electric cars overtook plug-in hybrids in popularity, with PHEVs seeing a more modest 38 per cent increase in sales. [Full Article...]
Since 1945, the worst growth figure reported by France has been in 2009, after the major financial crisis in 2008 - minus 2.2 percent. "That shows the magnitude of the economic shock we are facing", Le Maire told the Senate in a hearing by teleconference. [Full Article...]
The China Securities Regulatory Commission (CSRC) said on Friday it would investigate the case in line with any worldwide investigation and strongly condemned any financial misconduct. "It will affect potential U.S. IPOs from China". Just previous year, one of China's largest listed drug-makers, Kangmei Pharmaceutical, said it had overstated cash holdings by more than US$4.3 billion (S$6.2 billi... [Full Article...]
But there won't be lockdowns like the ones seen in Australia - the Government can only request businesses to close and for residents to avoid non-essential travel. Within the six-month period, these prefectures would decide the length of time for their individual measures, TBS said. Japan has so far been spared the sort of virus outbreak seen in parts of Europe and the United States, with close ... [Full Article...]
However, as per Google , the data will be publicly available for a limited time, as long as public health officials find the data valuable. The reports display movement information broken down into categories such as retail, grocery and pharmacy shopping. [Full Article...]
On April 5, Tesla engineering provided an update on the company's own ventilator, which is "heavily based on Tesla auto parts", according to engineering director Joseph Mardall. Ahead in the video, one of the engineers explains how the prototype functions. Air flows into a mixing chamber and then passes through a box equipped with an assortment of sensors. [Full Article...]