Remington Outdoor Furloughs Factory Workers In Upstate New York

Nearly 600 workers at the Remington Arms gun factory in Ilion, NY have been furloughed, according to reports. The furloughs were announced last Thursday, a day before news arrived that Remington would be broken apart and sold to seven different companies as part of bankruptcy proceedings.

Allbirds Raises $100 Million In Funding

Allbirds, the San Francisco-based casual footwear and sneaker maker, raised $100 million in financing in a funding round that valued the company at $1.7 billion, according to a report in the Wall Street Journal.