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FORT WORTH, Texas, October 18, 2021--The City of Fort Worth Zoning Commission has denied our planned development in East Fort Worth. This was to be the site of our new corporate office and supporting retail and production. If the Fort Worth City Council does not approve the plan on November 9th we will move the project to the other tract of land we acquired.
Rent the Runway, founded in 2009, lets users rent clothes and shop second-hand accessories such as handbags and jewelry in over 18,000 styles from more than 750 designer brands. The company plans to sell 15 million shares priced between $18.00 and $21.00 apiece in its IPO, raising $315 million, according to a filing. Demand for second-hand clothes, however, has jumped in recent months as customers become increasingly conscious about their carbon footprint, boosting revenues at styling service Stitch Fix and online resale shop ThredUp.
A British army veteran on trial for charges linked to a fatal shooting during the Northern Ireland Troubles has died after contracting coronavirus. Dennis Hutchings, 80, a former member of the Life Guards Regiment from Cornwall, denied the attempted murder of 27-year-old John Pat Cunningham. Mr Cunningham, who had a learning difficulty, was fatally shot in the back as he ran from an army patrol in the Tyrone village of Benburb in 1974.
Colin Powell, former US secretary of state, dies at 84 of Covid complicationsPowell helped to build case for 2003 invasion of IraqJoe Biden hails ‘a patriot of unmatched honor and dignity’
Global wind power leader Iberdrola will pour six billion pounds ($8.24 billion) into a wind farm complex in the North Sea off the east coast of Britain, in its biggest project investment worldwide, it said on Monday. Iberdrola said in a statement it would foot the bill for the East Anglia Hub site, whose soaring turbines will have capacity to generate 3.1 gigawatts of electricity, enough to power more than 2.7 million homes. Positioning turbines in the sea allows generators to capture high wind speeds free of any of the barriers present on land and is a key component in the decarbonisation plans of some of the world's biggest economies.
Adele will release her fourth album, 30, on Nov. 19
British digital bank Zopa has raised $300 million from investors including Japan's SoftBank Group, it said on Tuesday, as the lender looks to expand its business ahead of a possible listing as soon as next year. The funding round values Zopa at around 750 million pounds ($1.03 billion), a source familiar with the details of the transaction told Reuters. "SoftBank identified us as the clear leader when it comes to digital consumer lending in the UK, and they are also big believers in the use of AI and machine learning for lending and pricing, which we have been doing for years," Chief Executive Jainav Janardana told Reuters.
It is understood that Hutchings died on Monday.
Organizers of a planned walkout this week at Netflix of the streamers’ trans employees said Monday that they will present a list of “firm asks” to company co-CEO and chief content officer Ted Sarandos and are working on a public service announcement supporting their cause that includes participation from Queer Eye‘s Jonathan Van Ness, upcoming […]
Britain said it had attracted nearly 10 billion pounds ($13.72 billion) from global investors to fund its green regeneration agenda, as it hosted an investment summit involving 200 of the world's top financiers and executives. The summit marks post-Brexit Britain's biggest push to woo investors, even leveraging the soft power of drinks with Queen at her castle, as it seeks cash and partners to get ahead in the international race for a competitive edge in green technology. "We are rolling out the green carpet for investors," said trade department minister Gerry Grimstone ahead of the summit opening.
Sales trends are sure to slow compared to last year, but that's not a reason to avoid Zoom's stock.
CALGARY, Canada, October 18, 2021--Intelligent Wellhead Systems announced that William Standifird will serve as CEO, and Gary Cresswell as nonexecutive Chairman of the Board.
As regulatory stormclouds gather over Washington and crypto advocates seek to obtain a louder voice in U.S. politics, one Yearn.Finance developer is running for Congress on a pro-crypto platform. On Oct. 12, Matt West declared his candidacy for Oregon’s newly-formed 6th U.S. House district. West holds a Ph.D. from the University of Texas in chemical engineering with a focus on renewable energy, and works at tech giant Intel on manufacturing.
The company released a discouraging business update after market hours on Friday, and its stock took it on the chin the following trading day. In that update, Medtronic said that a clinical trial of its Symplicity Renal Denervation System to lower blood pressure in hypertension patients will continue for an unspecified length of time. In Medtronic's words, the monitoring board "has recommended that clinical trial enrollment continue as planned, until the full, predefined sample size is reached."
U.S. Treasury Secretary Janet Yellen told congressional leaders on Monday that she will extend extraordinary cash management measures to stay under the federal debt limit through Dec. 3 after a small increase in the borrowing cap was enacted last week. Yellen said the extended "debt issuance suspension period" would mean that Treasury would continue its suspensions of investments in the Civil Service Retirement and Disability Fund and the Postal Service Retiree Health Benefits Fund.
Businessman Alex Saab appeared in court in Florida after being extradited to the United States from Cape Verde, where he had been detained since June 2020. Saab and his business partner Alvaro Pulido are charged in the US with running a network that exploited food aid destined for Venezuela, an oil-rich nation mired in an acute economic crisis. Venezuela has reacted furiously, suspending talks with the US-backed opposition on ending the country's political and economic crisis.
A mixed performance on Wall Street Monday as optimism ahead of tech earnings battled worries about slower economic growth in China. The Dow fell for the first time in four sessions. The S&P 500 rose just 15 points. The Nasdaq jumped 124 points.One main, ongoing concern for investors: inflation. Investors are waiting for more corporate results to hear how inflation is impacting earnings, says Patrick Fruzzetti. He's a managing director for the Rose Advisors at Hightower."In the first half of the year, we heard a lot of management teams talking about the back half of the year and what was going to pressure margins. So not only in certain businesses like industrials, do you have commodity margin pressures, you also have labor margin pressures and I think we're seeing that across the board. We'll see that spillover to earnings, but ultimately guidance for 2022. And I think that's what we'll hear a lot about in this coming week and couple of weeks ahead of us."Apple was one of the bright spots in company news. The world's most popular tech gadget maker unveiled new Mac laptops with more powerful computing power and a new model of its popular Airpod at an event on Monday. Shares of Apple rose more than one percent.But shares of Walt Disney held back the Dow. The entertainment conglomerate's stock rating was downgraded at Barclay's, who is worried about slowing growth at the Disney+ streaming service. Shares of Disney fell 3 percent. Netflix, the leading streaming service, rose ahead of its quarterly results due on Tuesday.On the economic front, industrial output fell by the most in seven months in September, following a drop the month before, as the global supply shortage continued to hurt auto manufacturing and crimp the overall economy. Good news, though from the housing sector. Homebuilder sentiment rose by the most in nearly a year as buyers continue to show up despite a lack of construction supplies and rising interest rates that are driving prices higher. Zillow, however, is having trouble buying and flipping properties, so it's going to pause that business. Shares of the online real estate agent tumbled to a one-year low.
The offense for the Las Vegas Raiders had a different look in the first game without Jon Gruden, and the changes paid for at least the first week. New play caller Greg Olson utilized more play-action, allowing Derek Carr to hit some more big plays that had been lacking the previous two games when the offense stalled, leading the Raiders to a 34-24 win Sunday over the Denver Broncos. While the foundation of the offense is still what Gruden installed in the offseason, Olson put his own twist on it against the Broncos.
Former President Donald Trump filed a lawsuit Monday against the Jan. 6 select committee and the National Archives as he seeks to block the release of presidential records related to his communications around the insurrection. In the lawsuit, Trump's attorney Jesse Binnall argues the committee "has decided to harass President Trump ... by sending an illegal, unfounded, and overbroad records request to the Archivist of the United States." Binnall also accuses President Joe Biden of engaging in "a political ploy to accommodate his partisan allies" by refusing to block the release of Trump's records to the Jan. 6 committee.
Boris Johnson will announce £9.7bn of foreign investment - creating at least 30,000 jobs around the UK - as he welcomes almost 200 business leaders to a London summit. Microsoft co-founder Bill Gates will be among the attendees at the Global Investment Summit being held at the capital's Science Museum. Ministers also hope to use the event, which comes two weeks before the COP26 climate change summit in Glasgow, as a means of highlighting investment opportunities in the UK in sustainable industries.