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Are Slow-Payers Putting the Brakes on Accounts Receivable? Factoring Companies Can Rev Up Your Cash Flow

Trucking is a race against the clock. No matter the cargo, the trucker faces constant pressure to navigate traffic snarls, avoid highway closures, overcome mechanical problems, and stay awake and alert to deliver their load at the contracted time. But as all truckers know, that’s only part of the story. There’s a lot more to…

Court allows bankrupt Philly refiner to award secret bonuses [The Philadelphia Inquirer]

Oct. 17—U.S. Bankruptcy Court Judge Kevin Gross will allow Philadelphia Energy Solutions to award secret bonuses to unnamed managers. The judge, sitting in Wilmington, on Wednesday approved a request by the refiner, Philadelphia Energy Solutions, to award an undisclosed number of bonuses to executives. The bonus awards will be kept under seal, and a small…

Lordstown workers push for contract rejection if factory is to remain closed [Detroit Free Press :: BC-UAW-STRIKE-LORDSTOWN:DE]

DETROIT _ The future of the Lordstown Assembly Plant in Ohio has been a friction point between General Motors and the UAW even before negotiations began this summer for a new contract and could have bearing on whether GM autoworkers are willing to ratify the proposed deal. About 40 to 50 UAW members gathered outside…

Record Gulf oil output to average 2 million barrels daily in 2020 [Houston Chronicle]

Oct. 17–The Gulf of Mexico is churning out oil at record highs each year and will average 2 million barrels per day in 2020 for the first time, the federal government said. As new projects come online, the Gulf already has averaged record highs in 2018 and now in 2019 — even with temporary outages…