Industry
The latest news and insights from TheWkly's Industry section.
GM wants to be all-electric by 2035. Why did it lobby to kill California’s EV rule?
California, USA: General Motors boasted plans for an all-electric lineup by 2035, but behind the scenes it supported a Congressional resolution...
Joann fabrics stores closing: See the full list of all remaining locations that will shutter this month
Hudson, Ohio, USA: Joann Fabrics & Crafts, an iconic 70-year-old chain, is closing its last 444 stores by May 31 after declaring bankruptcy....
OnlyFans Owner Explores $8 Billion Sale as Subscription Boom Attracts Investors
London, UK: Leonid Radvinsky, the Ukrainian-American owner of OnlyFans, is rumored to be weighing a partial or full sale at a staggering $8...
Boeing Reaches Deal to Avoid Criminal Charges in 737 Max Crash Case
Chicago, Illinois, USA: Boeing avoided criminal prosecution over its 737 Max crashes by extending a prior deferred prosecution deal with the U.S....
FAST TRACK GROUP Announces $15 Million IPO on Nasdaq for Entertainment Event Expansion
Singapore: FAST TRACK GROUP priced its IPO at $4.00 per share, raising $15 million to fund expansion across Southeast Asia. Specializing in event...
AgTech Innovator Pivot Bio Relocates to Midwest, Focusing on AI and Grower Collaboration
Midwestern USA: Pivot Bio, known for its microbial solutions to improve farming sustainability, is moving operations from Berkeley to new “centers...
L3 Technologies to Pay $62 Million in False Claims Act Settlement Over Defense Contracts
Salt Lake City, Utah, USA: L3 Technologies agreed to pay $62 million to resolve allegations of overstating costs in defense contracts, violating...
GlobalWafers Boosts Texas Factory Investment to $7.5 Billion
Sherman, Texas, USA: Taiwan-based GlobalWafers opened a $3.5 billion semiconductor wafer plant in Sherman and unexpectedly announced an extra $4...
Boeing Could Dodge Criminal Trial Again in 737 MAX Crash Cases
Washington, D.C., USA: The U.S. Department of Justice may scrap a planned criminal trial against Boeing, offering a second deferred prosecution...
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