Tag

Fabric

All articles tagged with #fabric

business-retail1 year ago•1 min saved

"Joann Fabrics Files for Bankruptcy and Delisted from Nasdaq as Revenue Declines Post-Covid Spike"

Joann, the 81-year-old fabric and craft retailer, has filed for Chapter 11 bankruptcy protection, securing $132 million in fresh funding to reduce its $1 billion debt. The company's 850 stores and website will remain open for business, with plans to become privately owned following the bankruptcy process. Declining revenue, a brief pandemic boom, and increased competition have contributed to the company's financial struggles.

via KABC-TV|

#bankruptcy #business-retail #craft

sports1 year ago•1 min saved

"MLB's Tight Pants Trouble: A Wardrobe Malfunction Saga"

Major League Baseball players are expressing dissatisfaction with the new uniforms, claiming that they are see-through and have a tighter fit compared to previous years. MLB officials argue that the pants are made of the same material and thickness as before, but players continue to voice their concerns, with some instances of visible undergarments during team photo shoots. The issue has sparked ongoing discussions and disappointment among players and the MLB Players Association.

via Deadline|

#complaints #fabric #major-league-baseball

technology2 years ago•3 min saved

Microsoft's AI Copilot expands to Edge browser and data analysis.

Microsoft is launching a chatbot called Copilot that will allow users to make sense of information stored in corporate databases. The company is also launching a new brand called Fabric, which will bring together seven data products under one umbrella. Fabric is designed so that a customer can store a single copy of data and work with it in several programs. The new technology doesn't require technical expertise to operate.

via CNBC|

#ai #chatbot #data-analysis

cryptocurrency2 years ago•2 min saved

Former CFO Indicted for Losing $35M in Company Funds on Secret Crypto Investment and Wire Fraud

Nevin Shetty, former CFO of an e-commerce start-up, has been indicted for wire fraud after allegedly transferring $35 million of his employer's cash into a secret crypto investment that crashed in value to almost zero. Shetty executed a "Treasury Account Agreement" with his own crypto platform, HighTower Treasury, to facilitate the covert investment, which no one else at Fabric knew about. He ultimately acquired $28.8 million worth of the algorithmic stablecoin TerraUSD (UST), only a few weeks before the asset de-pegged from the US dollar and crashed by 99.99%.

via The Daily Hodl|

#cfo #crypto-investment #cryptocurrency