Electric Truck Unicorn Rivian, Backed By Amazon And Ford, Lands $350 Million Investment From Cox

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Electric Truck Unicorn Rivian, Backed By Amazon And Ford, Lands $350 Million Investment From Cox

Rivian, an innovative truck startup planning to produce all-electric pickups and SUVs that’s backed by Ford Motor Co. and Amazon, said Cox Automotive is investing $350 million and may partner with it on future business operations. Led by 36-year-old …
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RIP James Schnurr, Former SEC Chief Accountant

While at the Commission, he was committed to establishing and enforcing accounting and auditing policy as well as improving the professional
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Chipotle stock tumbles after New York City sues the restaurant chain, alleging labor law violations

New York City Mayor Bill de Blasio’s administration is suing Chipotle Mexican Grill, alleging it violated a city labor law that requires predictable schedules for fast-food workers. Shares of Chipotle tumbled 5% on the announcement Tuesday morning.
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Commerzbank Frankfurt offices raided in widening tax scandal

Commerzbank AG's offices in Frankfurt were searched Tuesday as German authorities continued their investigations into a widening tax scandal
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Ford Should Eliminate Its Common Dividend

Ford is now a junk credit, again, as Moody’s lowered its corporate family rating on Ford Motor last night to Ba1, the rating agency’s first tier of below-investment grade rating. Importantly, Moody’s also lowered its rating on Ford Motor’s captive finance subsidiary, …
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