Lordstown Motors files for bankruptcy, sues Foxconn
U.S. electric truck manufacturer Lordstown Motors (RIDE.O), opens new tab filed for bankruptcy protection on Tuesday and put itself up for sale after failing to resolve a dispute over a promised investment from Taiwan’s Foxconn (2354.TW), opens new tab. Shares of Lordstown tumbled 35% in trading on the Nasdaq. The company’s bankruptcy is not the first among the […]
Archbishop who opposed Pope Francis says he faces schism accusation
Archbishop Carlo Maria Vigano, a senior Italian churchman who had called for Pope Francis to resign, said on Thursday he has been accused by the Vatican of schism and denying the pope’s legitimacy. Vigano, the papal envoy in Washington from 2011-2016, said he had been summoned to the Palace of the Holy Office at the […]