Former Outfest executive director Damien Navarro sues the organization

Former Outfest executive director Damien Navarro sues the organization

Outfest, the struggling nonprofit that had hosted a prominent Los Angeles LGBTQ+ film festival, is facing a defamation lawsuit from its former executive director, Damien S. Navarro. Navarro on Friday sued Outfest in Los Angeles County Superior Court, alleging he was retaliated against after he raised discrimination and ethics concerns to the group’s leadership. In … Read more

Harland and Wolff in talks with Spanish shipbuilder

Harland and Wolff in talks with Spanish shipbuilder

Getty Images Harland and Wolff was bought out of administration in 2019 Spain’s state-owned shipbuilder Navantia is in exclusive talks to buy Harland and Wolff, the Belfast-based shipyard. Harland and Wolff, best known for building the Titanic, also has operations at Appledore in England and Methil and Arnish in Scotland. Navantia already has a business … Read more

Activist investor Elliott takes Southwest fight to shareholders, nominates eight directors

Activist investor Elliott takes Southwest fight to shareholders, nominates eight directors

Elliott Investment Management is taking its fight with Southwest Airlines to investors by calling for a special shareholder meeting where they can vote on new director candidates who would ultimately steer company strategy. In calling for the meeting, Elliott is taking a highly unusual step but one it has telegraphed for weeks after concluding recent changes … Read more

AP PHOTOS: Likely in its last decade, a Czech coal mine provides fuel for electricity and heat

AP PHOTOS: Likely in its last decade, a Czech coal mine provides fuel for electricity and heat

STONAVA, Czech Republic — Deep underground in northeastern Czech Republic, workers in the region’s last-functioning coal mine drill, load and haul the fuel up to the surface. The CSM mine is part of the Upper Silesian Coal Basin, a region straddling the Czech-Polish border with a 250-year history of mining because of its rich coal … Read more

True Value files for bankruptcy after 75 years, blames weak housing market for plunging sales

True Value files for bankruptcy after 75 years, blames weak housing market for plunging sales

True Value filed for Chapter 11 bankruptcy on Monday and is seeking to sell the 75-year-old business to a rival — the latest hardware company to succumb to a weak housing market, the company said. The Chicago-based company said it would continue day-to-day operations at its 4,500 independently-owned retailers throughout the Chapter 11 process.  Hardware … Read more