Texas Gov. Greg Abbott announced on Wednesday that the state has established state-run checkpoints to halt and examine commercial vehicles arriving from Mexico in an effort to reduce illegal immigration. The inspections are in addition to those carried out by US Customs and Border Protection. They're looking for smugglers who...
Workhorse Group’s debt is paid off thanks to a stock transaction
Workhorse Group achieved a 180-degree swing from the debtor to debt-free status by paying a common stock premium to a hedge fund financing source preferred by previous management. The Loveland, Ohio-based developer of drone-integrated electric cars for last-mile delivery announced Wednesday that it has agreed to exchange senior secured convertible...
How to Profit from Your Supply Chain
Because it manages the firm's heartbeat — the fundamental flow of resources and information from suppliers to customers — supply-chain excellence boosts shareholder value. However, achieving that goal will not be easy. In typical businesses, the supply chain absorbs 60% to 70% of the cost of inventory levels. It is...