Business

13

Apr

By Dorothy Brand

Business, Real Estate

NoVA Home Prices Spike In 2024: See County-By-County List

VIRGINIA — Northern Virginia counties saw home prices spike this year compared to last year, according to new data that revealed where in the area buying a home could cost you more. The list was created using Zillow data from February 2024, which showed that the typical home value in Virginia is $377,699, a 5.5 percent increase from February 2023. The cost of a home in Virginia is also slightly higher than the nationwide average of $347,716. However, when purchasing a home in Northern Virginia, be prepared to pay significantly more than the state or national average. Fairfax City topped…

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13

Apr

By Dorothy Brand

Business

NextNav Inc. Announces 2024 Annual Meeting of Stockholders

MCLEAN, Va., April 12, 2024 (GLOBE NEWSWIRE) -- NextNav Inc. (NASDAQ: NN) (“NextNav” or the “Company”), a leader in next-generation GPS, today announced that it intends to hold the Annual Meeting of Stockholders (the “2024 Annual Meeting”) on Thursday, May 16, 2024, at the time and location specified in the Company’s proxy statement for the 2024 Annual Meeting. The close of business on March 28, 2024, has been set as the record date for the determination of shareholders entitled to notice of, and to vote at the 2024 Annual Meeting. About NextNav Inc. NextNav Inc. (Nasdaq: NN) is a leader…

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13

Apr

By Dorothy Brand

Business

Tycoon’s death penalty in $12.5 billion fraud case highlights Vietnam’s corruption crisis

The death sentence handed to a real estate tycoon in a $12.5 billion financial fraud case is the latest punishment meted out by Vietnam in the Southeast Asian country’s sweeping “blazing furnace” anti-corruption campaign. Thursday’s ruling against Truong My Lan, the former chairwoman of property developer Van Thinh Phat Holdings Group, follows the resignation of two presidents in just over a year, in departures linked to separate allegations of wrongdoing. The sheer scale of Lan’s misconduct has rattled the public in a country that has long projected an image of authoritarian stability, analysts say — and raised alarm among foreign investors, a…

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12

Apr

By Dorothy Brand

Business, Local News

Illinois Department of Corrections employee dies in automobile accident while on the job

PONTIAC – An Illinois Department of Corrections employee who spent time working at the Pontiac prison died unexpectedly last week in a car accident. According to a news release, Andrew John “Drew” Faught, 27, of Joliet passed away last Monday. For the past six years, Faught worked as an officer at Pontiac’s maximum security prison before being promoted to Sergeant. Most recently, Faught served on the IDOC Tactical Response Team. “Drew loved sports, especially his time playing football with the Morris Chiefs, and the Morris Redskins football and wrestling teams,” the McLean County Sheriff’s Office said in a social media…

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12

Apr

By Dorothy Brand

Business

Boeing CEO’s penchant for cost-cutting doesn’t apply to his trips on the company jet

When it comes to building planes, Boeing CEO Dave Calhoun is all about streamlining costs. An accountant by training, Calhoun has prioritized fiscal discipline over his four years at the helm, tightening the belt to free up cash flow and put the company on better financial footing. But when it comes to living the CEO lifestyle, that thriftiness goes right out the window. See here: Boeing reported in a regulatory filing that four top executives, including Calhoun, got an extra half-million dollars worth of personal private jet travel on the company’s dime that had previously been improperly recorded as business…

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06

Apr

By Dorothy Brand

Business, Technology

iPhone sales are plunging. Here’s why

Apple’s smartphone sales tumbled a stunning 10% last quarter, according to market research firm IDC. The main cause: iPhone sales in China fell sharply. The company has lost momentum in China as nationalism, a rough economy and increased competition have hurt Apple over the past several months. “It’s a steep drop for Apple, but if you think of where we have been in the past four years, Apple has probably been the most resilient brand, overcoming supply chain issues and macro challenges, more than other brands,” said Nabila Popal, research director at IDC, told CNN. Samsung had been the top…

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21

Sep

By Dorothy Brand

Business

Montgomery Co. Developing Community Guide to Prevent and Address Flooding

Residents are being asked to share their experiences with flood situations by filling out a brief and confidential questionnaire. You don’t have to live along a river, coastline or in a place prone to severe weather to be impacted by flooding — and Montgomery County, Maryland, is developing a flood management plan it wants residents to help inform. Residents are being asked to share their experiences with flood situations by filling out a brief and confidential questionnaire that will lend insight into potential strategies to eliminate or minimize the risks of flooding. For example, the survey asks what people know…

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21

Sep

By Dorothy Brand

Business

Marriott to open Edition property in Italy’s Lake Como

Marriott International plans to bring its Edition Hotels brand to Italy’s Lake Como in 2025. The Lake Como Edition will be located within a 19th century building on the western shore of the well-known lake, and feature 145 guest rooms, including two penthouse suites, along with a lobby bar, pool and multiple restaurants and bars overlooking the lake. The hotel group has signed an agreement with Bain Capital Credit and Omnam Group for the forthcoming property. Josh Fluhr, senior VP and managing director at Edition Hotels, Marriott International “We are excited to work with Bain Capital Credit and Omnam Group…

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21

Sep

By Dorothy Brand

Business

Sweco to Explore Floating Solar Power for Uganda

The floating solar farm will be installed upstream of a hydro-electric dam The floating solar farms will diversify Uganda’s energy mix, which currently comprises mainly hydroelectric power. Sweco will also deliver a detailed design of a pilot plant.The solar panels will float on reservoirs upstream of one of the hydroelectric dams – Sweco will conduct a preliminary assessment of four dames to determine which one is most suitable for the project.  After the dam has been chosen, Sweco will carry out a detailed study and produce a design and specifications to enable the procurement of contractors.  The study will also…

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21

Sep

By Dorothy Brand

Business

Reliance Retail Plans ‘Fast Fashion’ Stores to Take Fight to Zara

Reliance Retail is planning to launch a new clothing and accessories brand store chain to compete directly with fast fashion brands Zara and H&M in India. “The new format, internally called Regalia, will be spread across 20,000-30,000 square feet, and the company could open six stores initially. They have finalized their store locations in Mumbai and Gurgaon (Gurugram) and have also signed properties in Hyderabad and Bangalore,” said two people privy to the launch. The name of the brand will be announced at the time of the launch. The company will start store fit-outs in some cities and the brand…

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