Page 2 - David Turetsky News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Electric vehicle company Lordstown Motors received U.S. bankruptcy court approval Wednesday to sell its manufacturing assets to a new company affiliated with its founder and former CEO Stephen Burns for $10.2 million. LAS Capital, majority-owned by Burns, will acquire Lordstown's intellectual property, business records, and machinery including assembly lines for electric vehicle motors and batteries. U.S. Bankruptcy Judge Mary Walrath approved the sale at a court hearing in Wilmington, Delaware, saying it was the best available offer.

Electric vehicle company Lordstown Motors received U.S. bankruptcy court approval Wednesday to sell its manufacturing assets to a new company affiliated with its founder and former CEO Stephen Burns for $10.2 million. LAS Capital, majority-owned by Burns, will acquire Lordstown's intellectual property, business records, and machinery including assembly lines for electric vehicle motors and batteries. U.S. Bankruptcy Judge Mary Walrath approved the sale at a court hearing in Wilmington, Delaware, saying it was the best available offer.

Four new surveys suggest that the average raise is going to be smaller next year — and things may get get even worse in 2025.

Almost a third of companies planning lower YoY salary budgets, signaling possible peak in larger salary increases...

Waltham, Mass., Oct. 04, 2023 (GLOBE NEWSWIRE) -- Four percent is the new 3 percent according to Salary.com ®’s Annual National Salary Budget Survey. For the third consecutive year, the