John yang

Ford expects to lose $3 billion on its electric vehicle department this year, the company announced Thursday. The company will be reorganizing its financial reporting into three distinct branches, Ford Blue, Ford Model e and Ford Pro, which will develop gas-powered, electric and commercial vehicles respectively, according to a press release. In the three years starting 2021, Ford Model e is expected to report a $3 billion loss. (RELATED: ‘Sustainable’ Electric Cars Are Getting Junked Over Minor Damage) “We’ve essentially ‘refounded’ Ford, with business segments that provide new degrees of strategic clarity, insight and accountability to the Ford+ plan for growth and value,” CFO John Lawler said.  “It’s not only about changing how we report financial results; we’re transforming how we think, make decisions and run the company, and allocate capital for highest returns.” Ford’s new structure and way of reporting earnings gives new insight into its EV business (which CFO … [Read more...] about Major Automaker Expects It Will Hemorrhage Billions From Its Electric Vehicle Business

A recall of New Orleans Democratic Mayor LaToya Cantrell has failed due to a large number of petition signatures being deemed invalid, according to The Associated Press. Most of the petition’s 67,000 signatures were deemed invalid by the registrar, leaving the petition short by roughly 18,000 signatures to recall the mayor, the AP reported . Democratic Gov. John Bel Edwards declared that just 27,243 were valid, while the petition would need 44,975 to become effective. “Now, with the divisiveness of the failed recall campaign officially behind us, we must heal and recommit ourselves to working collaboratively to continue the progress we’ve made towards reducing crime, increasing public safety, building a more sustainable and resilient city and creating economic and job opportunities that benefit all of our people,” Cantrell said in a statement provided to the Daily Caller News Foundation. The signatures could have been declared invalid for many reasons, like being … [Read more...] about Petition Fails To Recall Mayor Of Crime-Stricken Blue City After Majority Of Signatures Deemed Invalid

Last season’s record revenue for Major League Baseball translates into all-time-high valuations for its teams. By Mike Ozanian and Justin Teitelbaum T he eroding economics of regional sports networks made little difference: Major League Baseball teams are still hot assets. Before Arte Moreno pulled the plug on selling his Los Angeles Angels in January, he would have gotten at least $2.7 billion, or $280 million more than the MLB record $2.42 billion that Steve Cohen paid for the New York Mets in 2020, according to people familiar with the sale process. The average MLB team value is up 12% this year, to $2.32 billion. During the 2022 season, revenue (net of stadium debt service) increased 7.8%, to an all-time high of $10.3 billion. The top-line gain was driven by a 64% increase in ticket revenue (including postseason and spring training), to $2.4 billion (the 2021 season started with nearly all ballparks under capacity restrictions) and a 35% increase in … [Read more...] about Baseball’s Most Valuable Teams 2023: Price Tags Are Up 12% Despite Regional TV Woes

Share to Twitter Share to Linkedin Topline The U.K. parliament will block all devices on its network from accessing TikTok, according to an announcement Thursday, complementing efforts by European governments and the U.S. in restricting the China-owned app over national security and data privacy concerns. Key Facts A spokesperson for the U.K. parliament—citing cybersecurity concerns—said Thursday that TikTok will be blocked from all parliament devices and any device accessing its network. Deputy First Minister John Swinney said Thursday the Scottish government will ban the app from all devices accessing its network effective immediately, following discussions with the British government. Cabinet Office minister Oliver Dowden said all devices used by British government employees would be unable to access TikTok—and the devices will only be able to access pre-approved third-party apps. TikTok will be deleted from all devices … [Read more...] about U.K. Bans TikTok From Parliament Devices—Here Are The Other Governments Banning The App

Share to Twitter Share to Linkedin Topline A group of progressive Democrats led by Rep. Jamaal Bowman (D-N.Y.) are among the first lawmakers in Congress to express their support for TikTok, despite growing bipartisan efforts to ban the popular social media app, amid concerns that an outright ban could lead to a backlash from the app’s most prominent users—Gen Z. Key Facts Bowman was the first major lawmaker in Congress to speak out in support of TikTok earlier this week, criticizing efforts to ban the app as “fear mongering” and suggesting it was fueled by “xenophobia around China.” In a recent video posted to his nearly 160,000 followers on TikTok, Bowman argued that banning the platform won’t solve any problem and said “comprehensive legislation” was instead needed to ensure social media user data is kept safe. The New York Democrat, who is a member of the progressive coalition known as the “Squad,” has since been joined by two other … [Read more...] about TikTok’s Potential Ban Faces Opposition From Some Democrats Amid Concerns It Could Cost Them Gen Z’s Support

Share to Twitter Share to Linkedin John Clemons consults for Rockwell Automation and Maverick Technologies , a leading platform-independent automation solutions provider. Smart manufacturing has taken a lot of information technology and made it work in manufacturing, all the way down to the shop floor. The internet of things, artificial intelligence (AI), virtual reality (VR), augmented reality (AR), cloud computing, wireless technologies, big data and advanced analytics are all now part of manufacturing operations. They’re having a big impact on manufacturing industries, transforming them back into an economic powerhouse. The important point here isn’t so much about the technologies and their tremendous impact on industry as it is about how they are transforming manufacturing. In these articles, we’re looking at six specific ways that smart manufacturing is transforming manufacturing operations. In the companion article to this one, we … [Read more...] about Smart Manufacturing Helps Accelerate Business Growth (Part 2): Focus On Waste, Velocity And Agility

Share to Twitter Share to Linkedin WASHINGTON, DC - OCTOBER 02: Tomas Telis #18 of the Miami Marlins celebrates with Ichiro Suzuki #51 ... [+] after hitting his first career major league home run in the fifth inning against the Washington Nationals (Photo by Greg Fiume/Getty Images) The latest buzz among sports bankers is that the Miami Marlins can be had for $1.7 billion. Marlins owner Jeffrey Loria is an art dealer who originally became a baseball owner with a relatively small investment —$30 million—in the Montreal Expos--and was part of the controversial deal put together by then MLB commissioner Bud Selig that saw Loria swap his ownership of the Expos for the Marlins so that John Henry could unload the Marlins and purchase the Boston Red Sox. In March we valued the Marlins (and the economics of their stadium) at $675 million, 29th out of the league's 30 teams. The Marlins had attendance of only 1.75 million in 2015, 28th in MLB, … [Read more...] about Bankers Say Jeffrey Loria Floating $1.7 Billion Price For Miami Marlins

Share to Twitter Share to Linkedin Not only is Pink Floyd's 1973 progressive rock album, The Dark Side of the Moon , iconic, but so is its simple yet striking cover art: a triangular prism set against a black background with a ray of light refracting through it. Though the band's name and the record's title do not appear on the front cover, the design is universally recognizable and synonymous with Pink Floyd—so much so that it has since appeared on apparel, posters, mugs, magnets, beach towels, patches, buttons, a British postage stamp , and even the sides of vehicles . In essence, The Dark Side of the Moon design has become the band's unofficial visual trademark. The distinctive cover art was conceived by the British graphic design company Hipgnosis , founded in the late 1960s by Storm Thorgerson and Aubrey Powell, which has long worked on Pink Floyd albums. In the five decades since the release of The Dark Side of the Moon ( which is marking … [Read more...] about Pink Floyd Graphic Designer On ‘The Dark Side Of The Moon’ Cover Turning 50

Share to Twitter Share to Linkedin Topline The Federal Aviation Administration issued a safety alert Wednesday urging airlines to evaluate their safety procedures and communications, after a series of potentially devastating near-misses at multiple airports this winter caused FAA officials to reassess the air travel system. Key Facts There have been six runway incidents since the start of the year, including close calls involving a departing plane at John F. Kennedy Airport in New York and another at Austin-Bergstrom Airport involving a plane that was landing (none of the incidents resulted in fatalities). The recent spate of close calls doesn’t reflect an increase in the number of incidents, but the FAA warned the “potential severity of these events is concerning.” The FAA urged airline directors and pilots to use “all available internal communication systems and have all flight crews familiarize themselves with the “risks associated with … [Read more...] about FAA Urges Airlines To Review Safety Procedures After String Of ‘Concerning’ Near-Misses