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Biden's labor secretary pick Julie Su to stay in job indefinitely, sources say
Biden's labor secretary pick Julie Su to stay in job indefinitely, sources say
By Nandita Bose WASHINGTON U.S. President Joe Biden's pick for labor secretary, Julie Su, will be kept on
2023-07-21 07:25
Biden administration asks appeals court to block order limiting its contacts with social media
Biden administration asks appeals court to block order limiting its contacts with social media
The Biden administration has asked a federal appeals court to block a lower court’s order limiting executive branch officials’ discussions with social media companies regarding alleged misinformation
2023-07-11 03:46
Gunman in Cook’s Corner shooting identified as retired police officer John Snowling
Gunman in Cook’s Corner shooting identified as retired police officer John Snowling
The suspected gunman in Wednesday night’s shooting at a biker’s bar in California has been identified as retired police officer John Snowling. The Orange County Sheriff’s Office said Snowling, a former officer from the City of Ventura, died during a confrontation with law enforcement. Undersheriff Jeff Hallock said he couldn’t confirm whether Snowling was killed by deputies but said it was “safe to assume” so, local news station KTLA reports. The violence broke out around 7pm at the Cook’s Corner bar. Four people, including the suspected gunman and his wife, were killed. Six others were wounded. This is a developing story ... check again for updates.
2023-08-25 00:29
Fire at a coal mining company building in northern China kills 26 and injures dozens
Fire at a coal mining company building in northern China kills 26 and injures dozens
A fire in a coal company building in a northern Chinese city has killed 26 people and injured at least 38
2023-11-17 00:20
Australian casino group to pay US$290 mn over money laundering failings
Australian casino group to pay US$290 mn over money laundering failings
Australia's Crown Resorts is set to pay a civil penalty of Aus$450 million (US$290 million) for lax money laundering controls that saw cash being carried into a casino in...
2023-05-31 14:21
Co-signers of George Santos' $500,000 bond must be made public, judge rules
Co-signers of George Santos' $500,000 bond must be made public, judge rules
Republican Rep. George Santos of New York, who was indicted on charges of wire fraud and money laundering, has lost his effort to keep the public from learning the names of the people who put up his $500,000 bond, according to court records.
2023-06-07 03:59
PewDiePie: What happened when YouTuber used N-word during bridge incident?
PewDiePie: What happened when YouTuber used N-word during bridge incident?
PewDiePie has streamed some of the most famous games on his channel
2023-05-10 18:17
Trump heads to Michigan to compete with Biden for union votes while his GOP challengers debate
Trump heads to Michigan to compete with Biden for union votes while his GOP challengers debate
As his Republican challengers gather onstage in California for their second primary debate, former President Donald Trump will be in battleground Michigan working to win over blue-collar voters in the midst of an autoworkers’ strike
2023-09-27 12:28
Adidas to sell Yeezy shoes and donate proceeds months after Kanye West split
Adidas to sell Yeezy shoes and donate proceeds months after Kanye West split
After months wrestling over the fate of milions of unsold Yeezy shoes, Adidas has decided to sell a portion of its remaining inventory and donate the proceeds to chartitable organizations, CEO of the German sportbrand Bjørn Gulden said Thursday. Adidas cut ties with Ye, the rapper formerly known as Kanye West, in late October, following his antisemitic comments on social media and in interviews. As a result, the fate of 1.2 billion euros ($1.3 billion) worth of the unsold Yeezys, a lucrative sneaker line launched with Ye, was unknown. At Adidas' annual shareholders meeting, Gulden said the company had spent months trying to find solutions. The CEO also added that Adidas spoke to NGOs and organizations that were harmed by Ye's comments and actions. “Burning those shoes cannot be the solution,” Gulden said, noting that Adidas was going to try to sell part of the remaining Yeezy inventory and “donate money to the organizations that help us and were harmed by what Ye said.” Exact details of this plan — including how many shoes will be sold and the timeline of selling them — remain unknown. Gulden said the company will provide updates as they moves forward. The move comes as Adidas is trying to stage a comeback and move beyond the Yeezy partnership. Cutting ties with Ye has cost Adidas hundreds of millions of dollars — with the company taking a loss of 600 million euros ($655 million) in sales for the last three months of 2022, helping drive the company to a quarterly net loss of 513 million euros. Adidas reported 400 million euros ($441 million) in lost sales at the start of 2023, the company announced last week. Net sales declined 1% in the first quarter, to 5.27 billion euros, and would have risen 9% with the Yeezy line, the company said. It reported a net loss of 24 million euros, a plunge from a profit of 310 million euros in the same period a year ago. Operating profit, which excludes some items like taxes, was down to 60 million euros from 437 million euros a year earlier. Meanwhile, Adidas is also facing a class-action lawsuit from investors who allege the company knew about offensive remarks and harmful behavior from Ye, years before terminating its pact with him. Adidas has pushed back on the allegations made in the lawsuit. Still, Gulden reminded investors that the nine-year partnership Adidas and Ye was “sensational." While he noted that Ye is a difficult person, “he's the most creative person in our industry,” Gulden said. “He created a model with Adidas that was sought after around the world.” But he added, “We lost that in a month." _________ AP Business Writer David McHugh in Frankfurt, Germany, and AP Retail Writer Anne D'Innocenzio in New York contributed to this report. Read More Ukraine war’s heaviest fight rages in east - follow live Charity boss speaks out over ‘traumatic’ encounter with royal aide Adidas breakup with rapper Ye, lost Yeezy sales hit earnings Putin’s spokesman threatens ‘adequate response’ over UK missile pledge – live Boost for Erdogan rival as struggling candidate quits Turkish election race
2023-05-12 11:49
Pope Francis will be in Portugal for 5 days. Here's what he will visit
Pope Francis will be in Portugal for 5 days. Here's what he will visit
Pope Francis is beginning a five-day trip to Portugal for World Youth Day
2023-08-02 11:57
G-7 Latest: Zelenskiy to Visit Japan, Leaders Tour A-Bomb Museum
G-7 Latest: Zelenskiy to Visit Japan, Leaders Tour A-Bomb Museum
Ukrainian President Volodymyr Zelenskiy is set to visit Group of Seven leaders in Japan for one of his
2023-05-19 13:53
In Kibbutz Be'eri, a broken promise to keep Israelis safe
In Kibbutz Be'eri, a broken promise to keep Israelis safe
Israel's PM is under pressure both to rebuild trust and secure the return of hostages.
2023-11-01 06:26