U.S. Department of Energy Announces $1.52 Billion Loan Guarantee for Palisades Nuclear Plant Restoration
The U.S. Department of Energy’s Loan Programs Office (LPO) has announced a conditional commitment of up to $1.52 billion for a loan guarantee to Holtec Palisades, LLC to finance the restoration and resumption of service of an 800-MW electric nuclear generating station in Covert Township, Michigan. The project aims to bring back online the Palisades Nuclear Plant, which ceased operations in May 2022, and upgrade it to produce baseload clean power until at least 2051, subject to U.S. Nuclear Regulatory Commission (NRC) licensing approvals. The project also highlights President Biden’s Investing in America agenda to support good-paying, high-quality job opportunities in communities across the country while also expanding access to affordable clean energy resources.
Stock Market Recap and Vodafone’s Sale of Italian Unit
The stock market saw mixed results today, with some stocks maintaining their positions while others experienced slight increases or decreases. Vodafone CEO Margherita Della Valle announced the sale of Vodafone’s Italian unit to Swisscom, marking the final step in the company’s plan to refocus on profitable markets. Stay tuned for more updates on market trends and company news.
7-Eleven Announces Release of Big Bite Hot Dog Sparkling Water
7-Eleven’s new beverage, Big Bite Hot Dog Sparkling Water, has sparked mixed reactions from the community. Some are excited about the concept, while others are skeptical about its potential taste. As the release date approaches, the unconventional drink has generated curiosity and amusement, sparking conversations and piquing the interest of soda enthusiasts and 7-Eleven patrons alike.
Verizon Settles Lawsuit for $100 Million, Deadline for Compensation Approaching
Verizon settles $100 million lawsuit for overcharging customers and sets deadline for affected customers to apply for compensation. Eligible customers between 2005 and 2019 can submit claims on the official settlement website. Act quickly to ensure you don’t miss out on your chance to claim a refund.
MyPillow Company Facing Eviction from Shakopee Warehouse Due to Unpaid Rent
MyPillow, the company founded by CEO Mike Lindell, is facing eviction from one of its two Shakopee warehouses due to unpaid rent. Despite claims that the warehouse is not essential to the company’s operations, MyPillow has failed to pay over $200,000 in rent, leading to a judge’s approval of the landlord’s request to vacate the building. In addition to the eviction, MyPillow is experiencing challenges with major retailers dropping its products and legal battles with Dominion Voting Systems and Smartmatic. These issues, compounded by financial setbacks, have left the company and its 1,300 employees facing an uncertain future.
RH Reports Fourth-Quarter Results Below Wall Street Estimates
RH, the home furnishing company, reported fourth-quarter results that fell short of Wall Street estimates due to adverse weather and shipping delays. Despite this, the company highlighted ‘exceptional’ demand for its new catalogue of products. The stock (NYSE:RH) was up 5% in afterhours trading following the announcement. Looking ahead, RH forecasts demand and revenue growth for fiscal 2024, expressing optimism about the initial demand for its new luxury outdoor furniture, RH Outdoor Sourcebook.
Avelo Airlines Expands with New Houston to Connecticut Flights
Avelo Airlines announces new flights between Houston and New Haven, Connecticut, offering affordable and convenient travel options. The airline’s commitment to customer satisfaction and safety makes it a prominent player in the air travel industry.
Adam Neumann Makes Conditional Offer to Regain Control of WeWork
Adam Neumann, co-founder of WeWork, has made a conditional offer to regain control of the company after its failed IPO and subsequent turmoil. His offer is contingent on SoftBank not proceeding with a plan to buy out other shareholders, and includes a commitment to invest $1 billion to buy shares from other investors. Neumann’s bid reflects his desire to play a significant role in the company’s future, despite being ousted as CEO in 2019.
Subaru Issues Urgent Recall of 118,723 SUVs and Sedans Due to Airbag Issue
Subaru issues urgent recall of 118,723 SUVs and sedans in the US due to airbag deployment issue. Certain Outback and Legacy models manufactured between 2020-2022 affected. Dealers will replace ODS sensors at no cost. Safety emphasized by Subaru in response to the recall.
Array Technologies Unveils Innovative Hail Alert Response System for Solar Assets
Array Technologies unveils the Hail Alert Response system, a set of software features designed to autonomously protect solar assets from hail damage. This cutting-edge technology utilizes advanced weather prediction algorithms to proactively secure solar trackers, ensuring the longevity and durability of solar projects. CEO Kevin G. Hostetler emphasizes the value and long-term cost savings for customers, marking a significant advancement in the solar energy industry.