Skip to content
  
  

Zxcoachoutlet

Business

Menu
  • business
  • finance
  • insurance
  • money
  • personal

Tag: Atlantic

LMP Automotive Holdings To Buy 70% Stake In Atlantic Automotive Group, Atlantic Central Storage

October 9, 2020
| No Comments
| business

(RTTNews) – LMP Automotive Holdings, Inc. (LMPX), an online automobiles platform, Friday said agreed to buy 70% stake in New York’s Atlantic Automotive Group, and New York logistics and vehicle storage company, Atlantic Central Storage, in a deal valued at $608 million.

LMP Automotive Holdings, Inc. (LMPX), an online automobiles platform, Friday said agreed to buy 70% stake in New York’s Atlantic Automotive Group, and New York logistics and vehicle storage company, Atlantic Central Storage, in a deal valued at $608 million.

CFO Evan Bernstein said, “This acquisition is expected to add an estimated $1.6 billion in revenue, $38 million in net income, or $3.18 per share, on an annualized basis in 2021, combined with our currently contracted acquisitions which we expect to close beginning the end of next month and the following months.|

The company expects revenues post-closing to exceed $2.2 billion, generating about $55 million in net income

… Read More

Read More »

Posted in %1$s Tagged %1$s

America’s Uneven Recovery – The Atlantic

October 7, 2020
| No Comments
| business

This divergence, described as a “K-shaped recession” by economists, means that the headline economic numbers in many ways underplay the financial stress and pain that families are feeling. And, as Trump’s tweet yesterday proved, it poses a potent political threat, dampening congressional interest in passing the trillions of dollars of emergency stimulus that the country desperately needs.

Annie Lowrey: The terrifying next phase of the coronavirus recession

As a general point, recessions tend to hit small companies harder than big companies, and less educated and lower-income workers harder than more educated and higher-income workers. But this recession and recovery have proved particularly skewed: Normalcy for some, apocalypse for others.

For businesses, the pandemic-driven downturn has decimated some sectors while leaving others untouched, acting like a tornado rather than a hurricane. Restaurants, hotels, and airlines have seen their revenue collapse, with United Airlines down nearly 90 percent in the second quarter,

… Read More

Read More »

Posted in %1$s Tagged %1$s

Irving Oil terminates purchase of North Atlantic Refinery Limited

October 6, 2020
| No Comments
| business

Adds and background on refinery

Oct 6 (Reuters) – Canada-based oil refinery operator Irving Oil on Tuesday said it has terminated an agreement for the purchase of North Atlantic Refinery Limited, the company said in a statement on its website.

Irving had agreed to buy the owner of the idled 135,000 barrels per day Come-by-Chance refinery in Newfoundland, for an undisclosed price in May.

According to industry sources, Irving walked away from the purchase and share agreement shortly before it was set to close in mid-October.

“North Atlantic is actively looking for alternate buyer, but the market is very challenging,” said a source familiar with the matter.

Workers are expected to be told at an all-staff meeting on Tuesday morning.

Refining margins have been weighed down by lower processing rates due to an oversupply of distillate stocks, which include jet fuel. The crack spread – the difference between

… Read More

Read More »

Posted in %1$s Tagged %1$s

Trump administration plan to allow drilling along the Atlantic coast has fallen apart

October 2, 2020
| No Comments
| business

Opponents of the drilling declared victory on Thursday after the government acknowledged that permits to allow seismic blasting in the ocean — the first step toward locating oil deposits for drilling — will expire next month and not be renewed.

Nine state attorneys general and several conservation groups filed a federal lawsuit early last year to block seismic blasting, arguing it could harm endangered whales and other marine animals. The court battle dragged out so slowly that, in the meantime, time ran out on the permits.

Donna Wieting, director of the National Marine Fisheries Service, a division of the National Oceanic and Atmospheric Administration, said Thursday that her agency “has no authority to extend the terms of those [permits] upon their expiration. Further, NMFS has no basis for reissuing or renewing these [permits].” The five companies that were granted permits would have to restart the months-long process leading to approval

… Read More

Read More »

Posted in %1$s Tagged %1$s

Business – The Atlantic

May 5, 2020
| No Comments
| business

  • Martin Lisner / Shutterstock / The Atlantic

    How to Think About the Plummeting Stock Market

    No one knows exactly how much damage the coronavirus will do to the global economy, but investors have to guess.

    • Joe Pinsker
    • February 28, 2020

  • Giacomo Bagnara

    Why the Restoration Hardware Catalog Won’t Die

    The surprising persistence of the mail-order business

    • Amanda Mull
    • March 2020 Issue

  • The Atlantic

    There’s No Fun Like Mandatory Office Holiday Fun

    Secret Santa gift exchanges at work make many people grinchy—for good reason.

    • Joe Pinsker
    • December 16, 2019

  • Giacomo Bagnara

    Stop Believing in Free Shipping

    How retailers hide the costs of delivery—and why we’re such suckers for their ploys

    • Amanda Mull
    • January/February 2020 Issue

  • Amy Lombard

    How Baseball Cards Got Weird

    A very analog hobby finds a way to thrive in the digital age.

    • Eric Moskowitz
    • November 2019 Issue

  • Kristoffer Tripplaar

    Disney’s CEO Gets Why Employees Want Their Bosses to

  • … Read More

    Read More »

    Posted in %1$s Tagged %1$s

    Recent Posts

    • Barrett says George Floyd video was ‘very personal’ for her family
    • M1 Finance closes $45M Series C mere months after it raised its $33M Series B
    • The Wake Up for Wednesday, Oct. 14, 2020
    • Business Leaders from Finance, Technology, Retail and Hospitality Call For Civility and Patience Ahead of The 2020 Election | News
    • Personal Preparedness is a Year-Round Commitment and More Important Than Ever

    Archives

    • October 2020
    • September 2020
    • August 2020
    • July 2020
    • June 2020
    • May 2020

    Categories

    • business
    • finance
    • insurance
    • money
    • personal
    January 2021
    M T W T F S S
     123
    45678910
    11121314151617
    18192021222324
    25262728293031
    « Oct    

    Tags

    Announces Bank Big billion Business Buy Car Company Coronavirus COVID19 deal Debate demand dollar finance Financial Global Group Growth Health Home insurance Investing Investors IPO Jobs Life Market Markets million money News Oil Pandemic personal Recovery report September shares Stimulus Stock stocks Talks Top Trump

    About Us

    • Advertise Here
    • Contact Us
    • Privacy Policy
    • Sitemap

    Hairstyle 2020 | All Rights Reserved.

    Hairstyle theme by Flythemes