{"id":543060,"date":"2022-01-04T13:44:40","date_gmt":"2022-01-04T13:44:40","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2022\/01\/04\/ford-outperformed-tesla-in-2021s-stock-market-will-the-grammys-get-postponed-also-naked-nirvana-babys-lawsuit-dismissed\/"},"modified":"2022-01-04T13:44:40","modified_gmt":"2022-01-04T13:44:40","slug":"ford-outperformed-tesla-in-2021s-stock-market-will-the-grammys-get-postponed-also-naked-nirvana-babys-lawsuit-dismissed","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2022\/01\/04\/ford-outperformed-tesla-in-2021s-stock-market-will-the-grammys-get-postponed-also-naked-nirvana-babys-lawsuit-dismissed\/","title":{"rendered":"Ford outperformed Tesla in 2021\u2019s stock market + Will the Grammys get postponed? ALSO: Naked Nirvana baby\u2019s lawsuit dismissed"},"content":{"rendered":"

<\/a> Ford equities shrugged off the semiconductor shortage in 2021, soaring 140% and<\/strong> outperforming other automakers, including Tesla<\/strong>, reports CNBC<\/a>. The almost-120-year-old automaker hit a market cap of USD 83 bn, making 2021 \u201cthe most important year for the company since the financial crisis\u201d according to a Morgan Stanley analyst. The solid performance and strategic importance comes partially because of the change-up in its leadership that saw auto veteran Jim Farley take over as the company\u2019s CEO 15 months ago. Under Farley\u2019s leadership, the company launched the Ford+ restructuring plan, which shifted resources to developing the company\u2019s EVs. As the semiconductor chip shortage<\/a> took hold last year and hit the automotive industry hard, Ford signed<\/a> a non-binding agreement in November with the US-based semiconductor maker GlobalFoundries to collaborate on providing chips for the automaker.<\/p>\n

Omicron\u2019s potential next victim: The Grammys, which could be postponed as the<\/strong> new strain leads covid cases to spiral in the US<\/strong>, sources told the Wall Street Journal<\/a>. No decisions have yet been made, but there is a conversation on how to move forward with the award show, according to the sources. The Grammys are scheduled to take place on 31 January at Crypto.com Arena \u2014 previously known as the Staples Center \u2014 in Los Angeles. This would be the second year the award show was forced to stray away from the norm, last year postponing the event to mid-March and moving it to the Los Angeles Convention Center to allow for more spacing out between guests.<\/p>\n

<\/a> The private library of late Supreme Court Justice Ruth Bader Ginsburg (RBG) will<\/strong> be on auction this month<\/strong>, with over 1k books up for grabs, according to Bloomberg<\/a>. The auction will run from 19-27 January at Bonhams and includes books on everything from law and politics to detective novels. The collection also has a number of books signed by the likes of Jane Goodall, Al Gore, and Toni Morrison. The low estimate for the entire sale is USD 60k, but is expected to go for much more as they are currently priced only as books and not as collectibles, said Catherine Williamson, director of fine books and manuscripts at Bonhams. RBG died in September 2020 after a lifetime of pushing landmark work on women\u2019s rights.<\/p>\n

Saudi Prince Fahad Bin Sultan is facing a lawsuit from Credit Suisse for allegedly failing<\/strong> to repay some USD 78 mn in interest and loans<\/strong> to refinance his USD 65.5 mn, 82-meter Cayman Islands-registered yacht and a UK mansion property valued at USD 47 mn in 2019, Bloomberg<\/a>reports. In the London lawsuit filed in November, the Swiss bank said two offshore companies defaulted on a pair of loans \u2014 for which Bin Sultan is the guarantor \u2014 provided for refinancing the purchases. His lawyers are yet to file defense papers, Bloomberg notes.<\/p>\n

Never mind that Nevermind lawsuit:<\/strong> The baby in Nirvana\u2019s Nevermind album cover won\u2019t be getting any candy from the band, after a lawsuit over the cover was dismissed by a court in California today, according to BBC<\/a>. Nirvana\u2019s famous artwork for their album Nevermind featured the now-30-year-old Spencer Elden, who last year filed a lawsuit against the band saying the image constituted child [redacted] abuse. Elden also claimed that the infamous picture caused him \u201cextreme and permanent emotional distress,\u201d as well as loss of wages. The lawsuit is widely seen as Elden\u2019s attempt to extend his 15 minutes of fame, considering he spent his life celebrating his presence on the album cover, often charging to pose for similar pictures and getting a large \u201cNevermind\u201d tattoo on his chest, the BBC writes.<\/p>\n","protected":false},"excerpt":{"rendered":"

Ford equities shrugged off the semiconductor shortage in 2021, soaring 140% and outperforming other automakers, including Tesla, reports CNBC. The almost-120-year-old automaker hit a market cap of USD 83 bn, making 2021 \u201cthe most important year for the company since the financial crisis\u201d according to a Morgan Stanley analyst. The solid performance and strategic importance […]<\/p>\n","protected":false},"author":1,"featured_media":543061,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7215],"tags":[144,653,9115,633,164,638,652,645,651],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-543060","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-for-your-commute","tag-automotive","tag-chip-shortage","tag-credit-suisse","tag-enterprisepm","tag-equities","tag-for-your-commute","tag-ford","tag-semiconductors","tag-tesla","wpautop","entry"],"acf":{"mongo_id":"e0ae98f0-020d-42d3-b095-4a77c7731fe9","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2022\/1\/389.jpg","photo_position":"above","related_issue":[543056],"teaser":"","voice_url":""},"yoast_head":"\nFord outperformed Tesla in 2021\u2019s stock market + Will the Grammys get postponed? 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