Cornerstones group now Preserve Chattanooga and more business news

Cornerstones group now Maintain Chattanooga

Cornerstones Inc., Chattanooga’s historic preservation nonprofit, has officially altered its identify to Maintain Chattanooga.

Set up in 1975 as Landmarks Chattanooga, the group turned known as Cornerstones in 1994. Right after 28 several years as Cornerstones, the nonprofit has rebranded by itself to explain its purpose and the local community it serves, in accordance to the group.

The board of directors very first mentioned a identify improve in 2021 right after the retirement of Ann Gray, the previous Cornerstones govt director who led preservation efforts in Chattanooga for many years.

In November, Todd Morgan was chosen to develop into the new govt director. Through a board retreat past January, it turned apparent that “cornerstone” was a expression currently being used by a broad selection of firms in the Chattanooga area and that the board customers wanted a identify that much more evidently conveyed what the corporation does and for whom. Maintain Chattanooga emerged immediately after considerably dialogue and was accredited unanimously.

“Anyone is quite excited about the new name, and we’re seeking forward to the Chattanooga local community getting to know us better,” Morgan reported in a information launch.


Forbes Names Unum to best 40 in variety

For the third calendar year, personnel benefits provider Unum is named as one of the Forbes 2022 America’s Ideal Businesses for Range. The corporation ranks 39 out of 500 businesses, shifting up 34 spots from last calendar year, according to Unum.

In the insurance coverage classification, Unum tends to make the top 10 record yet again, moving up one particular location to No. 7.

“An appreciation for differences is component of Unum’s foundation,” Ericka DeBruce, the Chattanooga-based company’s chief inclusion and range officer, reported in a information launch. “We foster belonging and inclusion to guidance our collective initiatives to make an equitable culture, inclusive groups and a consultant workforce. This qualified prospects to accurate variety of believed.”

Final yr, the company’s inclusion and variety group restructured its personnel and business networks to foster belonging and uniqueness across the company, in accordance to Unum. Considering the fact that July 2020, Unum has contributed about $700,000 to courses concentrated on equality, financial justice and civic engagement via the Social Justice Fund.


Musk sells Tesla stock as he purchases Twitter

In the three times after he declared he had a deal to invest in Twitter, Elon Musk has sold $8.5 billion worth of Tesla to support fund the buy.

Musk described the income in filings with the Securities and Trade Commission on Thursday and Friday. Analysts say the deal could make Tesla investors nervous that Musk, who is the electrical motor vehicle maker’s CEO, will be distracted by Twitter and considerably less engaged in jogging Tesla.

Musk is also Tesla’s greatest shareholder and there is also problem that he would have to unload a huge number of Tesla shares to finance the acquisition.


Exxon revenue surge regardless of strike from Russia

Exxon Mobil documented $5.48 billion in revenue all through the initially quarter as oil and gasoline selling prices rose steadily. That was more than double its income during the same quarter final calendar year.

But the oil big took a substantial strike as it deserted its Russian functions because of to the war, and it wrote down $3.4 billion.

The price of oil climbed steadily all through the quarter just after Russia invaded Ukraine, sending European nations which depend intensely on Russia for energy and other individuals scrambling to come across alternative sources for gas.


New gas pipeline aid Europe fuel supplies

ATHENS, Greece — European countries that are dependent on Russian imports are searching to get larger entry to the global organic gasoline market place by a new pipeline that crosses a remote border location of Greece and Bulgaria.

The pipeline is nearing completion, and it would assure that huge volumes of gas flows concerning the two nations around the world in each instructions. The job is witnessed as an urgent precedence adhering to Russia’s invasion of Ukraine and choice this week to slash off gasoline supplies to European Union associates Poland and Bulgaria

.The 110-mile Greece-Bulgaria pipeline relationship is the initial of numerous prepared interconnectors as EU associates scramble to edit their electrical power mixes to reduce reliance on Russia.

— Compiled by Dave Flessner