Key creditors in pact to avert brawl as Carvana"s prospects dim
Some of Carvana largest creditors have signed a pact binding them to act together in negotiations with the company, a move meant to prevent the kind of nasty creditor fights that have complicated other debt restructurings......»»
Carvana converting 2nd ADESA auction site into its own inspection, reconditioning center
Online used-vehicle retailer Carvana said it is in the process of converting ADESA Portland. It completed its first such conversion last month, with ADESA Buffalo......»»
Carvana says price gap between used EVs and ICE cars narrows
Online auto retailer Carvana says its average used-EV sale price fell to $31,000 in the first quarter......»»
FTX customers to get their money back in full (with asterisk) [U]
Update: A court filing has confirmed that the company now has more than enough money to repay customers. In recognition of the lost gains, creditors owed $50k or less will receive around 118% of their deposit value at the time of the Chapter 11 filin.....»»
Carvana set to dig back into used-car market after latest quarter, analysts say
Analysts bullish on Carvana said its Q1 results are a sign it has recovered from a two-year period of losses and cash burn that forced new focus on profitability......»»
Carvana CEO Ernie Garcia and his father make $11 billion in 3,000% stock rebound
The one-day surge in Carvana shares pushed the older Garcia’s fortune to $10.9 billion from a 2022 low of $3.1 billion, while his son’s net worth climbed to $3.8 billion, according to the Bloomberg Billionaires Index......»»
Carvana"s plans to return to growth sought ahead of Q1 earnings
How the company executes its next growth period is critical, Carvana CEO Ernie Garcia said......»»
Plastic pollution talks move closer to world-first pact
A fourth and penultimate round of UN-led negotiations to solve global plastic pollution wrapped up in Ottawa early on Tuesday with a world-first pact said to be within reach by year's end but without a cap on the production of polymers......»»
UAW reached tentative pact with Daimler Truck, averting strikes
The United Auto Workers said it reached a tentative agreement with Daimler Truck Holding AG ahead of a contract expiring midnight on April 26 and following a strike threat......»»
Where to watch the NFL draft live stream in 2024 — starts tonight!
The 2024 NFL Draft has its first round tonight. For 257 prospects, it’s the culmination of years of hard work, and for 32 teams, it’s the introduction to integral pieces that will shape the future of their franchise. Round 1 of the draf.....»»
Squad Busters mashes up Clash of Clans, Brawl Stars, and more mobile hits
Squad Busters is Supercell's first new game in five years, and the company's CEO, Ilkka Paananen, has mixed feelings about that......»»
Squad Busters mashes up Clash of Clans, Brawl Stars and more mobile hits
Squad Busters is Supercell's first new game in five years, and the company's CEO, Ilkka Paananen, has mixed feelings about that......»»
Fisker appoints chief restructuring officer after missing payment to noteholder
Fisker said in its 2023 annual report that it may have to file for bankruptcy protection within 30 days if it does not get relief from its creditors. A forbearance agreement with one noteholder expires May 1......»»
CarMax"s market share prospects in focus ahead of Q4 earnings
CarMax, of Richmond, Va., reports earnings Thursday for the fiscal quarter and year ended Feb. 29......»»
US, UK ink AI pact modeled on intel sharing agreements
Bilateral AI agreement seeks to assess, regulate risks from emerging technology. Enlarge (credit: LagartoFilm/Dreamstime) The US and UK have signed a landmark agreement on artificial intelligence, as the allies become t.....»»
Tuberculosis vaccine may enable elimination of the disease in cattle by reducing its spread
Vaccination not only reduces the severity of TB in infected cattle, but reduces its spread in dairy herds by 89%, research finds. The research, led by the University of Cambridge and Penn State University, improves prospects for the elimination and c.....»»
Future of 1 billion people in South Asia hinges on water pact, says new analysis
Better collaboration is urgently needed to mitigate the impacts of climate change on three key river basins in South Asia—the Brahmaputra, Indus and Ganges—according to new analysis......»»
Study reveals how China"s local bureaucrats struggle for power through negative media coverage
Recent research on China's factional competition uncovers how local bureaucrats, who are connected to influential national leaders, strategically use the media to criticize members of rival factions, thus harming their promotion prospects and weakeni.....»»
Women favor climate actions that benefit future generations more than men, research shows
The decisions we make now inevitably shape the prospects for generations to come. So tackling a long-term problem like climate change raises an intergenerational moral dilemma: should we invest in solutions that might not personally benefit ourselves.....»»
Good prospects for altermagnets in spin-based electronics
Altermagnets represent a newly recognized class of materials in magnetism that could enable novel applications in spin-based electronics. Their magnetically ordered state consists of an antiparallel arrangement of microscopic magnetic moments, so-cal.....»»
DJI details efforts to avert the potential ‘$116 billion economic impact’ of US blacklisting its drones
Global drone leader DJI has come under increasingly intense pressure in the US, as successive federal and state measures banning its craft for official use have proliferated amid worsening relations with China – and accompanying security conc.....»»