The U.S. Postal Service, which already has among the largest fossil fuel-powered vehicle fleets in America, has elected to buy new delivery trucks for $11.3 billion. Only 10% of these will be electric powered. The total number of new gasoline-powered trucks will total nearly 148,000, according to The Washington Post, which also reported that the decision was against the “Biden […]

Tea planters and exporters are “extremely worried” over the possible impact on their shipments to Russia, India’s second largest buyer of tea, in the wake of the Russia-Ukraine crisis. Western sanctions and disruption of payments in dollars as well as transhipments to Russia are expected as a fall-out of Russia launching an attack on Ukraine on Thursday. “The Russian market […]

Executives at the investment firm TIAA are especially proud of one aspect of their back-to-work plans: The company is on only its second round of setting a return-to-office date. They first hoped to bring employees back in January, but were derailed by the Omicron variant. Now the firm is targeting March 7. “We noticed other employers were saying, ‘We’ll be […]

The National Highway Traffic Safety Administration or NHTSA, has opened a Preliminary Evaluation (PE) of a population of about 416,000 Tesla vehicles after it received 354 complaints alleging unexpected brake activation on these vehicles while driving at highway speeds. The NHTSA’s Office of Defects Investigation (ODI) is evaluating the alleged complaints on 2021-2022 Tesla Model 3 and Model Y vehicles […]

Technology start-ups that got listed in the last few quarters reported a hit to their December-quarter (Q3FY22) profitability due to higher marketing and employee costs. While fintech firms Paytm and PB Fintech saw their losses widen by 45 per cent year-on-year (YoY) to Rs 778 crore and 55 per cent to Rs 295 crore, respectively, food delivery company Zomato remained […]

Jagged Little Pill producer Vivek J. Tiwary has closed an equity investment to launch TEG+, expanding on his work at Tiwary Entertainment Group, and has tapped former Netflix and Donners’ Company exec Jack Leslie as  Co-President and Head of Film + Television. TEG+ will focus entirely on working with high-profile original music and premier established music catalogs, A-list musicians and composers […]

FuboTV exceeded Wall Street estimates for the fourth quarter, with revenue more than doubling from the year-ago period to $231.1 million and net losses coming in at 57 cents a share. The losses widened from 39 cents in the 2020 quarter. The streaming pay-TV outlet reached 1.1 million subscribers in the period ending December 31, up 106% from the year-ago […]

Washington and Lviv (CNN)The US has issued a warning to the Ukrainian government that the latest intelligence points to Russia imminently launching a full-scale invasion, according to Ukrainian, US and western officials familiar with the matter. The US intelligence assessment comes as foreign leaders are warning about an imminent attack and say that Russian troops are moving into the pro-Moscow […]

MacGyver famously can fix anything with two pieces of tape, a paper clip and some balsa wood, but CBS can’t save itself from having to go to trial in two months over profits from the revived series. Even though the network’s rebirthing of the Lucas Till-led MacGyver wrapped last April, a Los Angeles Superior Court judge has rejected CBS’ move […]