8:30 a.m. Nov. 23, 2020
- By Tomi Kilgore
DPW's stock skyrockets after Coolisys EV charger sub sets up fast-food franchisee partner programShares of DPW Holdings Inc. rocketed 163.9% on massive volume in midday trading Monday, enough to make them the best performer on major U.S. exchanges, after the investor in disruptive technologies said its Coolisys Technologies Corp. subsidiary established a program to get its electric vehicle (EV) chargers into national fast-food restaurants. Trading volume soared to 145.6 million shares, compared with the full-day average of about 2.6 million shares. DPW said it expects the program to allow owners of fast-food franchises to install the ACECool EV chargers and share in the revenue from advertising and network usage. Coolisys expects to launch the program in California, Nevada and Canada, with the unveiling of "a national fast-food network" partner, that forms a part of the network with over 1,000 locations. Other partners are expected to be announced in the first quarter of 2021. "We look forward to the potential changes coming from increased demand for EVs and the recent trends related to government support of the electrification of transport," said Coolisys Chief Executive Amos Kohn. DPW's stock has run up 189.7% over the past three months, while shares of rival EV charger company Blink Charging Co. has rocketed 327.9% and the S&P 500 has gained 4.9%.
5:33 a.m. Oct. 1, 2020
- Associated Press
NFL urged by players association to replace all artificial-surface fields with natural grass Noncontact knee and ankle injuries occur more frequently on synthetic surfaces, according to an analysis of the league’s official injury reports The NFL Players Association president cited the league’s official injury reports from 2012 to 2018.
4:15 a.m. Oct. 1, 2020
- By Ciara Linnane
Ford names John Lawler CFO and unveils organizational changesFord Motor Co. named John Lawler as its chief financial officer on Thursday, and unveiled organizational changes under new CEO Jim Farley. Lawler was most recently CEO of Ford Autonomous Vehicles and has been at Ford for 30 years. The executive is replacing Tim Stone, who is leaving the company. Farley said the company is aiming to turn around its automotive business by allocating capital to its strongest franchises and high-growth opportunities. The company will add more affordable vehicles to its global line-up and give more decision-making power to its regional business units. The car maker will add a suite of software services that aim to drive loyalty and generate recurring revenue streams. The company is aiming to achieve adjusted EBITDA of 8% of revenue with strong adjusted free cash flow. Shares were up 1.4% in premarket trade, but have fallen 28% in the year to date, while the S&P 500 has gained 4%.
6:21 a.m. July 7, 2020
- By Elisabeth Buchwald
Lawmakers and Transportation Secretary’s family-owned business collectively received millions of dollars in PPP loans The Trump administration issued a ‘blanket approval’ ruling in mid-April that allowed lawmakers to avoid an ethical review for potential conflicts of interest when applying for a PPP loanThe Trump administration issued a ‘blanket approval’ ruling in mid-April that allowed lawmakers to avoid an ethical review for potential conflicts of interest when applying for a PPP loan.
10:36 a.m. June 2, 2020
- By Wallace Witkowski
Zynga acquisition of Peak Games meets with analyst approval Shares retreat from eight-year high following deal’s announcementZynga Inc. shares retreat from their recent eight-year highs Tuesday as analysts digest the social gaming company’s most recent acquisition and see it as a long-term boon.