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This Dec. 8, 2023, photo shows the logo of a Lion Electric bus owned by Winthrop Public Schools. Joe Phelan/Kennebec Journal file Lion Electric, the company that supplied faulty electric buses to schools in Maine, is on the brink of bankruptcy, Montreal’s La Presse reported Monday . The Quebec-based company supplied at least 17 electric buses through the U.S. Department of Environmental Protection’s Clean School Bus grant to schools in Maine, with four in the Winthrop Public Schools. A bus from Lion Electric, acquired by Winthrop schools under the federal Clean School Bus Program, is parked near Winthrop Middle School in December 2023. Joe Phelan/Kennebec Journal file photo Lion Electric reportedly had until Nov. 30 to pay a $22 million loan from two Canadian investors, along with another $117 million loan taken out through a bank, but the deadlines have been pushed to Dec. 16. The company also has a long-term debt of $293 million, the news outlet said, further reporting that the public company might leave the stock exchange. Now, the company reported on Dec. 1 that it laid off 400 employees, nearly half of its workforce, and has two weeks to close a deal with investors or else Lion Electric might have to seek protection from its creditors under Canadas’ Companies’ Creditors Arrangement Act (CCAA), similar to bankruptcy in the U.S., according to the newspaper. Lion Electric did not respond to a Kennebec Journal reporter’s inquiry on how the potential bankruptcy will affect the buses stationed in Maine. The electric buses experienced a multitude of issues in the past two years, including a sideline from the Maine Department of Education after several school district’s transportation directors experienced power steering failures while operating the vehicles. The school buses continue to have issues , including a recent part recall that has caused the Winthrop Public School board to reconsider putting students on the bus. Becky Foley, interim superintendent of the Winthrop Public Schools, said she has not heard from Lion about the potential bankruptcy of the company and that the board will take up the issue at Wednesday night’s school board meeting. In light of the buses issues, the company told school districts in Maine that it planned to hire a local technician to help with the problems. A Lion Electric spokesperson did not respond last week to neither of a Kennebec Journal reporter’s attempts for comment on the technician, nor a previous inquiry about the company’s financial situation, as the company laid off a separate round of employees in mid-November. Since November 2023, the company has gone from 1,350 employees to just 300, La Presse reported, and put itself up for sale on Nov. 18. The layoffs will affect workers at Lion Electric’s assembly plant in Illinois, as the manufacturing operations were suspended Monday . Lion Electric has school buses in the Winthrop Public Schools, Yarmouth Public Schools, Eastern Maine School System, Bingham-area Maine School Administrative District 13, Five Town Community School District, Mount Desert Island Regional School System, Sipyack Elementary School and Vinalhaven Regional School Unit 8. Electric buses continue to cause problems for Maine schools State urges Winthrop, other school districts to take electric buses off the road due to defects We invite you to add your comments. We encourage a thoughtful exchange of ideas and information on this website. By joining the conversation, you are agreeing to our commenting policy and terms of use . More information is found on our FAQs . You can modify your screen name here . Comments are managed by our staff during regular business hours Monday through Friday as well as limited hours on Saturday and Sunday. Comments held for moderation outside of those hours may take longer to approve. Please sign into your Press Herald account to participate in conversations below. If you do not have an account, you can register or subscribe . Questions? Please see our FAQs . Your commenting screen name has been updated. Send questions/comments to the editors. « Previous Next »
Peripheral Intravascular Ultrasound (IVUS) Catheter Market to Observe Prominent CAGR of 17.48% by 2030, Size, Share, Trends, Demand, Growth, Challenges and Competitive Outlook 12-20-2024 07:54 PM CET | Business, Economy, Finances, Banking & Insurance Press release from: Data Bridge Market Research (DBMR) Peripheral Intravascular Ultrasound (IVUS) Catheter Market Data Bridge Market Research analyses that the peripheral intravascular ultrasound (IVUS) catheter market which is USD 180.03 million in 2022, is expected to reach USD 653.22 million by 2030, at a CAGR of 17.48% during the forecast period 2023 to 2030. Market Definition: Intravascular ultrasound (IVUS) is a catheter-based imaging technology that allows doctors to see inside blood vessels. Cross-sectional images aid in determining the presence and extent of disease, plaque geometry and morphology, guide wire position during lesion crossing, and post-treatment stent position. Browse More About This Research Report @ https://www.databridgemarketresearch.com/request-a-sample/?dbmr=global-peripheral-intravascular-ultrasound-ivus-catheter-market BIOTRONIK SE & Co. KG (Germany), MicroPort Scientific Corporation (China), Jotech GmbH (Germany), Johnson & Johnson Private Limited (U.S.), Vascular Solutions, Inc. (U.S.), Abbott (U.S.), BD (U.S.), Boston Scientific Corporation (U.S.), Medtronic (Ireland), Cook (U.S.), Johnson & Johnson Private Limited (U.S.), Smith+Nephew (Germany), Cardinal Health (U.S.), Terumo Corporation (Japan), Conavi Medical (U.S.), Edwards Lifesciences Corporation (U.S.), Infraredx, Inc. (U.S.), Getinge AB (Sweden), Coloplast Corp (Denmark), McKesson Medical-Surgical (U.S.) Competitive Landscape and Peripheral Intravascular Ultrasound (IVUS) Catheter Market Share Analysis: The peripheral intravascular ultrasound (IVUS) catheter market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to peripheral intravascular ultrasound (IVUS) catheter market. Browse More Reports: https://articles9555.blogspot.com/2024/12/targeted-protein-degradation-market_19.html https://articles9555.blogspot.com/2024/12/floriculture-lighting-market-research.html https://articles9555.blogspot.com/2024/12/android-set-top-box-stb-and-television.html About Data Bridge Market Research: An absolute way to predict what the future holds is to understand the current trend! Data Bridge Market Research presented itself as an unconventional and neoteric market research and consulting firm with an unparalleled level of resilience and integrated approaches. We are committed to uncovering the best market opportunities and nurturing effective information for your business to thrive in the marketplace. Data Bridge strives to provide appropriate solutions to complex business challenges and initiates an effortless decision-making process. Data Bridge is a set of pure wisdom and experience that was formulated and framed in 2015 in Pune. Contact Us: - Data Bridge Market Research US: +1 614 591 3140 UK: +44 845 154 9652 APAC: +653 1251 1629 Email: - sopan.gedam@databridgemarketresearch.com This release was published on openPR.
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No. 12 Dallas Baptist pulled away from UT Tyler in the second half of Thursday’s Lone Star Conference basketball game. DBU won 72-62 at the Herrington Patriot Center. Dallas Baptist improves to 10-2 overall and 2-1 in the LSC. UT Tyler’s Patriots fall to 3-6 and 0-3. UT Tyler led 26-25 at halftime the DBU Patriots rallied in the second half. Dontrell Hewlett and Akok Machar each scored 18 points and Sam Phipps added 12 more on the night to lead the scoring for UTT. Jesse Fuller posted team-highs in both rebounds (8) and blocks (4). Khalik Gardner added a team high three assists and Phipps would add on three steals. Xavion Brown and Ricky Lujan led DBU with 14 pints apiece, followed by Cameron Kahn with 12. UT Tyler travels to Alpine on Tuesday to meet Sul Ross State at 7:30 p.m. and round out the 2024 portion of the schedule with a visit to Silver City, New Mexico to face Western New Mexico at 3 p.m. Thursday. DBU is also on the road to those sites — 8:30 p.m. Tuesday at Western New Mexico and 3 p.m. Thursday at Sul Ross State. UT Tyler Women 70, Sul Ross St. 56 ALPINE — The No. 14 UT Tyler women’s basketball took down Sul Ross State in their first meeting since 2019 by a score of 70-56 on Thursday in a Lone Star Conference game. Meagan Mendazona, Mariah Neal, and Ella Bradley combined for 50 points and hit six combined three pointers as the trio played a huge factor in the win for the Patriots. Mendazona scored 17 points on 4-for-10 shooting, 8-for-10 from the free throw line, and one 3-pointer. She added in two blocks and two steals along with three rebounds. Neal scored all 17 points off the bench as she shot 5-for-8 from the field and buried three three pointers and made all four free throws she attempted. Bradley scored 16 points on 7-for-12 shooting with a pair of three pointers. She added in a team-high nine rebounds and chipped in three assists and two steals. The Patriots improve to 7-1 overall and 3-1 in LSC. UT Tyler will play Western New Mexico at 1 p.m. Saturday in Silver City, New Mexico. The Patriots will then travel to Las Vegas to play in the Holiday Hoops Classic at South Point Arena. UT Tyler meets Montana State-Billings (1:15 p.m. Thursday) and Embry-Riddle (1:15 p.m. Friday).Lucknow: Delivering the foundation day address, Pro-Vice-Chancellor (Medical Sciences) at GITAM Deemed to be University, Vishakhapatnam, Prof Geetanjali Batmanabane, expressed concern over young doctors spending excessive time on social media. She foresaw this trend as detrimental to future of patient care and medical research. "Technology has made acquiring knowledge of medical education easier," said Batmanabane, adding, "What saddens me is that time saved in the process is not being used for benefit of humanity. Doctors can do much more if they cut their screen time and divert it to medical education, clinical research and even self-development." Stating that people in the medical profession needed to read voraciously to gain new knowledge, she said physicians must improve their behaviour and also train students on behaviour. Prior to the foundation day ceremony, she spoke to the faculty at SGPGI. In her interaction, she delved into the changing relationship between doctors and patients and reminded them that the comparison of doctors with gods had not ceased.Supreme Court will take up a challenge related to California's tough vehicle emissions standards WASHINGTON (AP) — The Supreme Court says it will take up a business-backed appeal that could make it easier to challenge federal regulations, acting in a dispute related to California’s nation-leading standards for vehicle emissions. The justices agreed Friday to hear an appeal filed by fuel producers who object to a waiver granted to California in 2022 by the Environmental Protection Agency during Joe Biden’s presidency. The waiver allows California to set more stringent emissions limits than the national standard. The case won’t be argued until the spring, when the Trump administration is certain to take a more industry-friendly approach to the issue. Musk says US is demanding he pay penalty over disclosures of his Twitter stock purchases DETROIT (AP) — Elon Musk says the Securities and Exchange Commission wants him to pay a penalty or face charges involving what he disclosed — or failed to disclose — about his purchases of Twitter stock before he bought the social media platform in 2022. In a letter, Musk’s lawyer Alex Spiro tells the outgoing SEC chairman, Gary Gensler, that the commission’s demand for a monetary payment is a “misguided scheme” that won’t intimidate Musk. The letter also alleges that the commission reopened an investigation this week into Neuralink, Musk’s computer-to-human brain interface company. The SEC has not released the letter. Nor would it comment on it or confirm whether it has issued such a demand to Musk. Senate begins final push to expand Social Security benefits for millions of people WASHINGTON (AP) — The Senate is pushing toward a vote on legislation that would provide full Social Security benefits to millions of people. Senate Majority Leader Chuck Schumer began the process on Thursday for a final vote on the bill, known as the Social Security Fairness Act. It would eliminate policies that currently limit Social Security payouts for roughly 2.8 million people. The legislation has passed the House. The bill would add more strain on the Social Security Trust funds, which are already estimated to be unable to pay out full benefits beginning in 2035. The measure would add an estimated $195 billion to federal deficits over 10 years, according to the Congressional Budget Office. Trump offers support for dockworkers union by saying ports shouldn't install more automated systems WASHINGTON (AP) — President-elect Donald Trump is offering his support for the dockworkers union before their contract expires next month at Eastern and Gulf Coast ports. He posted on social media Thursday that he met with union leaders and that any further “automation” of the ports would harm workers. He wrote that the “amount of money saved is nowhere near the distress, hurt, and harm it causes for American Workers.” The International Longshoremen’s Association has until Jan. 15 to negotiate a new contract with the U.S. Maritime Alliance, which represents ports and shipping companies. The Maritime Alliance says the technology will improve worker safety and strengthen our supply chains, among other things. IRS recovers $4.7 billion in back taxes and braces for cuts with Trump and GOP in power WASHINGTON (AP) — IRS leadership on Thursday announced that the agency has recovered $4.7 billion in back taxes and proceeds from a variety of crimes. The announcement comes under the backdrop of a promised reckoning from Republicans who will hold a majority over both chambers of the next Congress and have long called for rescinding the tens of billions of dollars in funding provided to the agency by Democrats. IRS Commissioner Danny Werfel said improvements made to the agency will help the incoming administration and new Republican majority congress achieve its goals of administering an extension of the 2017 Tax Cuts and Jobs Act. OpenAI's legal battle with Elon Musk reveals internal turmoil over avoiding AI 'dictatorship' A 7-year-old rivalry between tech leaders Elon Musk and Sam Altman over who should run OpenAI and best avoid an artificial intelligence ‘dictatorship’ is now heading to a federal judge as Musk seeks to halt the ChatGPT maker’s ongoing conversion into a for-profit company. Musk, an early OpenAI investor and board member, sued the artificial intelligence company earlier this year. Musk has since escalated the dispute, adding new claims and asking for a court order that would stop OpenAI’s plans to convert itself into a for-profit business more fully. OpenAI is filing its response Friday. OpenAI's Altman will donate $1 million to Trump's inaugural fund LOS ANGELES (AP) — OpenAI CEO Sam Altman is planning to make a $1 million personal donation to President-Elect Donald Trump’s inauguration fund, joining a number of tech companies and executives who are working to improve their relationships the incoming administration. A spokesperson for OpenAI confirmed the move on Friday. The announcement comes one day after Meta, the parent company of Facebook and Instagram, said it donated $1 million to the same fund. Amazon also said it plans to donate $1 million. China signals it's prepared to double down on support for the economy as Trump tariffs loom BANGKOK (AP) — Chinese leaders met this week to plot economic policy for the coming year and sketched out plans to raise government spending and relax Beijing's monetary policy. Analysts said the broad-brush plans from the annual Central Economic Work Conference were more of a recap of current policy than ambitious new initiatives at a time when the outlook is clouded by the President-elect Donald Trump's threats to sharply raise tariffs once he takes office. The ruling Communist Party did commit to raising China's deficit and to doing more to encourage consumer spending by bringing wage increases in line with the pace of economic growth. Here's a look at China's main priorities and their potential implications. Stock market today: Wall Street ends mixed after a bumpy week Stock indexes closed mixed on Wall Street at the end of a rare bumpy week. The S&P 500 ended little changed Friday. The benchmark index reached its latest in a string of records a week ago. It lost ground for the week following three weeks of gains. The Dow Jones Industrial Average slipped 0.2%. The Nasdaq composite edged up 0.1%. Broadcom surged after the semiconductor company beat Wall Street’s profit targets and gave a glowing forecast, highlighting its artificial intelligence products. RH, formerly known as Restoration Hardware, surged after raising its revenue forecast. Treasury yields rose in the bond market. Next Week: Retail sales, Fed policy update, existing home sales The Commerce Department releases its monthly snapshot of U.S. retail sales Tuesday. Federal Reserve officials wrap up a two-day meeting and issue an interest rate policy update Wednesday. The National Association of Realtors issues its latest update on U.S. home sales Thursday.
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