• On November 10, SpaceX will launch the Crew-3 mission for NASA which marks the company’s 5th crewed mission in the past 18 months
• The crew are set for liftoff at 9:03 om ET at NASA’s Kennedy Space Center in Florida with the astronauts set to arrive at the International Space Station on the evening of November 11

GM CEO says Rivian IPO proves that company stock is undervalued

• The CEO of General Motors, Mary Barra on November 10 said that the valuations of electric vehicle start-ups such as Rivian prove that GM’s stock is undervalued
• Initially, Rivian’s stock traded at $106.75 a share, which is a 37% increase from its IPO price of $78 a share with a market valuation of $91 billion
• Currently, General Motors trades around $60 a share with a market cap of $86.4 billion

To integrate Workplace interaction, Meta and Microsoft announce a partnership

• Microsoft and Meta, the company formerly known as Facebook announced a partnership that will allow customers to integrate Workplace with Microsoft teams
• This integration gives customers access to Workplace content inside the Teams app, and users can use Teams video meetings in the Workplace app

Pilots at American Airlines union reject holiday bonus pay and seek change

• To avoid more mass cancellations, American Airlines is offering bonus pay for its branches for working during holidays
• For working holiday trips, Flight attendants could get up to triple pay for working and having a perfect attendance
• An offer of 50% more pay for pilots was turned down for peak trips and they say the airline needs to make more permanent changes to scheduling

British Airways and Southwest fuel deals result in shares of Velocys surging 40%+

• On November 10, shares of Fuels technology firm, Velocys rose by more than 40% just after its announced two deals that related to aviation fuel supply
• These new deals are related to a planned biorefinery plan in Missisippiwith Southwest and are set to buy about 219 million gallons of sustainable aviation fuel across 15 years

Beyond Meat sale in US are disappointing and causes the stock to plummet

• In an announcement on November 10, Beyond Meat reported a deepening loss in its 3rd sales quarter as US demand for its meat substitutes went down 
• Investors in the company were also disappointed with Beyond Meat’s 4rth quarter outlook, which indicates that sales are not expected to come back to normal levels

Royal Caribbean CEO reports considerably strong summer booking and Covid debt plans

• In an interview with a media company, the CEO of Royal Caribbean, Richard Fain said that the company is seeing historically strong bookings for the summer of 2022
• Fain also said that the cash flow will be needed to pay down the debt that was built during the pandemic, to reinvest in their technology, and reinvest in their sustainability efforts

The post Business News – 11-10-2021 appeared first on Easy Ad - Local Small Business Resources.

• Currently, the Dallas Cowboys are the latest NFL team to add new antennas to their stadium to boost cellular connectivity and speeds
• The team has agreed to have 20 MatSing’s antennas installed before the team’s opening on September 27 with costs of up to $250,000

Kohl’s, McDonald’s, and Target to require masks for all store workers 

• Kohl’s, McDonald’s, and Target will begin rolling out their mask mandates for store employees in counties considered at high risk in the United States based on the CDC’s rankings
• On August 3, these mandates will be in effect

Atmos and WSS to be bought by Foot Locker for $1 billion

• To extend its reach in Asia, Foot Locker will soon buy two smaller shoe store chains “WSS” and “Atmos” for $1.1 billion
• The Japanese streetwear retailer “Atmos” will be bought for $360 million and a California-based company “WSS will be bought for $750 million

Domestic debut of Disney’s “Jungle Cruise” receives $34.2 million and $30 million from Disney+

• From the Box Office, Disney’s Jungle Cruise has garnered $34.2 million and $30 million from their digital sales of the film on Disney+
• Disney has decided to release their new film on both Disney+ and in theaters to allow audiences to have the choice of watching from home or going to see it in person

Spirit Airlines and American Airlines have passenger flights canceled after storms

• On August 1, Summer storms have disrupted operations at the DFW airport, the United States’ busiest hub
• Passengers complained about social media about long hold times and lengthy waits before plane departures at customer service
• According to FlightAware.com, the site says that about 14 percent of American’s mainline schedule was canceled, and about 35 percent of Spirit’s

The post Business News – 08-02-2021 appeared first on Easy Ad - Local Small Business Resources.

• Next week, The 2021 Grand Cherokee L will come to showrooms and this marks the first three-row model for more than 10 years
• Jeeps expects this vehicle to cater to current owners who need a larger vehicle and new buyers as well who want a third-row SUV from Jeep
• This vehicle is also expected to be a driving factor in the company’s growth during the pandemic as new competitors have risen 

• Due to the lack of staff and maintenance issues, American Airlines have cancelled hundreds of flights
• The Airline’s schedule has been reduced by 1% through the middle of July despite their cancellations being higher than that amount

• New foods and averages have been added to Target’s “Deal Days” during Amazon Prime day to attract more customers
• Target knows that more and more people are considering going out to eat rather than cooking at home and Target is testing if they will keep stock piling their fridges

The post Business News – 06-20-2021 appeared first on Easy Ad - Local Small Business Resources.