Lubbock’s business news includes big plant plans, Joyland loss, more
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Lubbock’s business news includes big plant plans, Joyland loss, more

Alana Edgin is a business reporter for the Avalanche-Journal, as seen Tuesday, June 14, 2022, at the Lubbock Avalanche-Journal.

Alana Edgin is a business reporter for the Avalanche-Journal, as seen Tuesday, June 14, 2022, at the Lubbock Avalanche-Journal.

Hello AJ readers!

One of the biggest stories this week was a sad one, as the potential saviors of Joyland Amusement Park backed out of the deal. The news broke on Tuesday, when the Dean family announced that the longtime park would not reopen for the 51st season.

“It is with a broken heart that we must announce that Joyland Amusement Park will not be reopening after all,” the post stated. “The local group of investors that originally agreed to purchase

Banking regulator launches consultations on mortgage rules, proposes additions – Business News
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Banking regulator launches consultations on mortgage rules, proposes additions – Business News

Loan risks increase

The Canadian Press – | Stories: 405884

Canada’s banking regulator is launching public consultations on existing and newly proposed mortgage lending rules as it says loan risks have increased considerably since the start of the COVID-19 pandemic.

The Office of the Superintendent of Financial Institutions says the consultations around the B-20 mortgage underwriting rules will focus on measures to ensure borrowers will be able to manage their debts.

A key part of the existing rules is the minimum qualifying rates, otherwise called the mortgage stress test, which

Google to pay Indiana $20 million to resolve privacy suit – Business News
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Google to pay Indiana $20 million to resolve privacy suit – Business News

Google has to pay up

The Associated Press – | Stories: 403875

Google will pay Indiana $20 million to resolve the state’s lawsuit against the technology giant over allegedly deceptive location tracking practices, state Attorney General Todd Rokita announced.

Rokita filed a separate lawsuit against Google when negotiations between the company and a coalition of state attorneys general stalled, he said. Those states agreed to a $391.5 million settlement with the company in November.

As a result of a separate lawsuit, Indiana received about twice as much money as it would

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Hurricane Fiona is among the many 10 costliest local weather disasters worldwide: report

A brand new report revealed by Christian Assist, a charity based mostly within the UK, pegged Hurricane Fiona as one of many 10 costliest local weather disasters this yr.

In accordance with the research revealed Monday, Hurricane Fiona, which bulldozed throughout Atlantic Canada as a post-tropical storm in September, prompted greater than 25 deaths, displaced 13,000 individuals and value practically $4 billion Cdn in damages.

Based mostly on insurance coverage business estimates, the report listed the ten costliest local weather disasters in 2022. Hurricane Ian within the US and Cuba topped the checklist, and the floods in KwaZulu-Natal and Jap

NY Rep.-elect Santos was questioned for mendacity about his previous
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NY Rep.-elect Santos was questioned for mendacity about his previous

US Rep.-elect George Santos of New York was underneath investigation by Lengthy Island prosecutors on Wednesday, after revelations surfaced that the now-embattled Republican lied about his heritage, training {and professional} pedigree as he campaigned for workplace.

The US Legal professional’s workplace for the Japanese District of New York can be investigating Santos’ funds and monetary disclosures, in line with revealed studies.

Regardless of intensifying doubts about his health to carry the federal workplace, Santos has proven no indicators of stepping apart — at the same time as he publicly admitted to an extended checklist of lies.

Nassau County District Legal

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How Do I Get Out of My Non-Compete?

In healthcare, there has been a large expansion in non-compete clauses. Many of our clients would like to find a way out of their non-compete clause when looking to leave their current employment.

We can help you stay on top of the latest news that affects your everyday life. Subscribe to stay up to date. (To subscribe to our blog ).

The first way to avoid breaching a non-compete clause is to have your attorney negotiate a contract without a non-compete clause before beginning your employment.

Sometimes, non-compete clauses are unavoidable. So what can you do in that

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Paramount shutters site, lays off 25% of staff

MTV News is shutting down as a result of layoffs at Paramount.

The news division’s shuttering comes less than a week after Paramount Global’s first quarter earnings call, during which the company posted significant losses including an 11% drop in television advertisement revenue.

In a memo to employees provided to USA TODAY Tuesday, Chris McCarthy, president and CEO of Showtime/MTV Entertainment Studios and Paramount Media Networks, praised the success of Paramount+ and Showtime shows like “Yellowstone” and “Yellowjackets” but said the company continues to “feel pressure from broader economic headwinds.”

“Our senior leaders in coordination with HR have been working

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Cannabis company Phoena to wind down business under creditor protection – Business News

Phoena set to shutter

The Canadian Press – | Story: 420552

Phoenix Holdings Inc. plans to wind down its business and has obtained creditor protection for a second time.

Documents filed with the Ontario Superior Court of Justice, which granted the protection, show the Vaughan, Ont. cannabis company previously called CannTrust Holdings Inc. is insolvent and plans to liquidate its assets.

Interim chief executive Cornelis Pieter Melissen says in an affidavit that the company is pursuing a wind down because it has been unable to revive its business and generate