Duane Arnold to cut 47 jobs by June 30
NextEra Energy Resources filed with Iowa Workforce Development to reduce 47 jobs at the Duane Arnold Energy Center in Palo by June 30. Spokesman Peter Robbins said most cuts come through retirements, not involuntary separations, as decommissioning proceeds after storm damage and an early shutdown. A broader plan aims for gradual workforce reductions to under 50 employees in 5 to 7 years, with a solar project planned near the site to begin 2023.
MENTIONED IN THIS ARTICLE
Duane Arnold Energy Center
Palo
NextEra Energy Resources
Iowa Workforce Development
NextEra
Peter Robbins
Rob
Bins
the Gazette
Iowa
United States
U.S. Energy Information Administration
Duane Arnold
Robbins
Energy Company
Stiffed vendors tighten terms as retailers enjoy rebound
Vendors face a cash drain as many retailers shift to payment on delivery or upfront pricing. The move comes as some firms like Macy's and Gap extend longer pay cycles to preserve cash after pandemic-era delays. Banking and credit insurance sectors tightened support after large losses from unpaid bills.
MENTIONED IN THIS ARTICLE
Macy’s
Gap
Perry Mandarino
B. Riley
Verizon to Sell 90 Percent of Media Unit to Apollo for 5 Billion
Verizon Communications will sell its media division to Apollo Global Management for 5 billion dollars, retaining a 10 percent stake and rebranding the unit as Yahoo after closing in the second half of the year. Guru Gowrappan stays as CEO as the company exits its online advertising push.
MENTIONED IN THIS ARTICLE
Verizon Communications
Apollo Global Management
AOL
Yahoo
Verizon
Guru Gowrappan
Tim Armstrong
Oath
Hans Westberg
Verizon Media Group
Verizon Media
TechCrunch
Tech shares drag down broader market on Tuesday
Tech stocks led declines on Wall Street with Apple and Microsoft slipping as the S P 500 fell 0.7 percent from recent highs. Nasdaq dropped 1.9 percent while Russell 2000 fell 1.3 percent and the Dow edged up 0.1 percent as investors weigh COVID-19, inflation and jobs data.
MENTIONED IN THIS ARTICLE
Wall Street
Apple
Microsoft
Treasury
Ross Mayfield
Baird
Also Mentioned on This Page
Ug. Doe
Midwone
PepsiCo
NextEra Energy
Pala
Jim Slosiarek
John Steppe
John.steppe
Thegazette
Bloomberg News
Huff- Post
BuzzFeed
Chicago
Getty Images
TNS
Associated Press
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