Roundup: Super Bowl Record / Joann’s Fabric / Over Invantores – Better Baton Rouge Business Report

New entry: The game of the National Football League Championship for the Super Bowl championship attracted a record 127.7 million viewers on Sunday, according to Nielsen Media Research. The super live audience was the most important for advertisers who sparked large dollars to present their brands during the Super Bowl. Read more from CNBC.

Bankruptcy: Joann Inc. moves to close a significant portion of its brick and mortar seats as part of the current bankruptcy proceedings, according to a lawsuit on Wednesday. The company that applied for protection against Chapter 11 a second time last month initially stated that it would continue to manage its approximately 800 stores as it was restructured and sought a buyer. Read more than PromotionS

Inventory update: US reserves of raw oil have increased for the third consecutive week, while gasoline stocks have declined for the first time in three months, according to data published Wednesday by the US Energy Information Administration. With the exception of the Petrol Strategic Reserve, trade reserves of raw oil rose by 4.1 million barrels to 427.9 million barrels a week ended on February 7 and were about 4% below the average for the five -year year for the time of the year. Read more than The Wall Street Journal.