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    Hong Kong (CNN Business)Evergrande is still trying to appease growing anger among its offshore creditors, who have threatened to take legal action over the embattled Chinese developer's plans to restructure the business.The company is now asking international bondholders to give it "more time" to work on a restructuring plan, according to a filing with the Hong Kong stock exchange this week.Given the size of Evergrande, the number of its stakeholders and the "complexity of the situation," the company "will need more time to fully consider, evaluate and assess comprehensively the number of potential solutions before it can responsibly further engage in substantive negotiations with offshore creditors," it wrote in the filing.In a separate statement on Monday, Evergrande asked its offshore creditors to "exhibit patience by refraining from taking aggressive legal actions." Such measures, it added, could result in a "destructive outcome." Another big Chinese real estate developer might need to sell off propertyThis week is the second time Evergrande has tried to placate concerns among overseas creditors, who last Thursday said they had to "seriously consider enforcement actions" because the...
    CHICAGO (CBS) — The Mars candy company announced Monday that it will move most of its operations out of its plant on Chicago’s West Side in the next two years. “The company remains committed to the city of Chicago and intends to partner with the surrounding community on a future vision for the site,” a company spokesperson said in a statement. “As we continuously evaluate our footprint across North America, our Associates were informed today of the decision to move the majority of operations to other facilities in the U.S. over the next two years.” READ MORE: Illinois State Trooper, Woman Found Shot Dead In Car On Southeast SideFrank C. Mars started his company in Minneapolis, but moved the company to Chicago in 1929. READ MORE: Two Years Ago Today: First Confirmed Case Of COVID-19 Reported In IllinoisMars Chocolate North America – now Mars Wrigley – is located at 2019 N. Oak Park Ave. in the Galewood community. MORE NEWS: MAP: At Least 276 Kids 16 And Younger Have Been Shot In Chicago Since 2021M&M’s, and Snickers, Milky Way,...
    Peloton released a statement on Monday after another older male character on a popular TV show was shown suffering a heart attack after using one of its bikes, saying it did not provide any equipment or agree for its products to be shown. On Sunday, the sixth season of the Showtime series "Billions" premiered and early in the episode a character named Michael Wagner, or Wags, played by David Costabile, is shown in his home biking on a Peloton before suffering a heart attack and later recovering. "We get why these fictional TV shows would want to include a brand that people love to talk about, but Showtime's use of Peloton's Bike+ and reference to a Peloton Instructor was not a brand, product, or instructor placement, and we did not agree for our brand and IP to be used on this show or provide any equipment," a Peloton spokesperson said in a statement to The Hill. They added, "As referenced by the show itself, there are strong benefits of cardio-vascular exercise to help people lead long, happy lives." This episode of "Billions"...
    The company that provides Los Angeles County with coronavirus testing said it plans to sue Sheriff Alex Villanueva for defamation over claims the sheriff made alleging the company has links to the Chinese government. Fulgent Genetics, the Temple City company contracted to administer tests and track the vaccination status of county employees, alleged that Villanueva orchestrated a briefing with FBI agents a day after Thanksgiving “in a last-ditch effort” to avoid complying with the county’s employee vaccine mandate, according to papers the company’s lawyers filed in court Friday. After the briefing, Villanueva claimed in a letter to elected county officials that FBI agents had called the meeting to warn him about Fulgent. The Times obtained a copy of the letter the same day Villanueva sent it. Villanueva “made these and other false claims about Fulgent even though the FBI neither accused Fulgent of wrongdoing nor alluded to any evidence that Fulgent provided or would provide private medical information to China,” Fulgent attorneys said in the filing. They alleged that the FBI “never even mentioned Fulgent’s name” during the meeting. Fulgent,...
    ST. PAUL, Minn. (AP) — A Minnesota appeals court on Monday issued a mixed opinion in a complicated case contesting one of the key permits that a St. Paul-based company needs to build what would be the state’s first copper-nickel mine. The Minnesota Court of Appeals reversed a decision by regulators to issue the PolyMet Mining Corp. a water quality permit for the project. It now goes back to the Minnesota Pollution Control Agency to determine whether any pollution discharges from the mine into groundwater would violate the federal Clean Water Act. However, the three-judge panel rejected several other arguments from PolyMet’s opponents. Among them, there was a demand for more stringent limits on the treated wastewater that’s discharged from the mine and a call for a contested case hearing to gather more evidence and testimony on certain aspects of the permit before a neutral judge, Minnesota Public Radio News reported. Both sides said they were happy with the decision. “This is a huge victory,” said Paula Maccabee, advocacy director and counsel for WaterLegacy, one of the groups...
    Francis Ngannou’s future with UFC is still unclear after a memorable decision win at UFC 270. The undisputed UFC heavyweight champion Francis Ngannou took to the podium after UFC 270, fresh off of his unanimous decision victory over Ciryl Gane. Ngannou revealed in the post-fight interview with Joe Rogan, that he had injured his knee quite severely in training a few weeks prior to the fight. Ngannou wore knee pads to the Octagon, which was a first for him in his UFC career. Despite pulling off the upset, Ngannou looked noticeably immobile during the later stages of the fight. Ngannou was forced to resort to grappling and takedowns in a last-ditch effort to ensure what will surely go down as one of the most inspiring performances of his professional fighting career. After the fight, Ngannou revealed in his post-fight media availability that he tore his MCL, and will likely need surgery. When asked why he didn’t put the fight off in order to rehab the injury, Ngannou expressed that he was confident in his ability to win, with or without...
    META CEO Mark Zuckerberg announced this week that the tech giant has developed the world's 'fastest' AI supercomputer. Meta has joined the ranks of Microsoft and Nvidia in creating artificial intelligence (AI) supercomputers. 2META “Meta has developed what we believe is the world’s fastest AI supercomputer,” said Meta CEO Mark Zuckerberg in a statement. “We’re calling it RSC for AI Research SuperCluster and it’ll be complete later this year,” Zuckerberg added. The AI supercomputers recently created by the world's tech giants are not the traditional supercomputers one may think of. Instead, this new breed functions at an extremely high speed and is designed specifically to train machine learning systems. In Meta's case, RSC will be programmed to train an array of systems across the company's businesses, including content moderation algorithms (i.e. those used to detect hate speech on Facebook and Instagram), and augmented reality (AR) tool that will one day be utilized in the company’s AR hardware. “RSC will help Meta’s AI researchers build new and better AI models that can learn from trillions of...
    A NATIONAL shortage of truck drivers has driven one major company to boost workers' salaries. KLLM Transport Services announced this week it would be raising salaries and benefits packages by up to 33% in the "largest comprehensive pay and compensation increase in company history". 1Truck drivers can now earn up to $150,000 a year with one company Company drivers with Over-the-Road (OTR) and also independent contractors leasing with KLLM around the country will benefit from the pay increase. The OTR company drivers will see the highest increase at a cents per mile boost of about 33%. The increase would also affect those students who have recently finished training with KLLM Driving Academy and opt to become company drivers or independent contractors immediately. This means that new drivers could make between $120,000 and $150,000 in their first year, reports Fox Business. KLLM operates with some of the biggest brands in the lower 48 states and Mexico. “KLLM drivers have been nothing short of remarkable over the last few years through some challenging times in the transportation industry,” said KLLM President and...
    FBI agents searched the headquarters of a COVID-19 testing company in Rolling Meadows, Illinois, on Saturday. The FBI did not give a reason for the search, but the Center for COVID Control is facing multiple investigations over allegations of falsely telling consumers that COVID-19 test results were inconclusive and fraudulently reporting to the government that patients were uninsured in order to increase profits. 'I'M OVER COVID': BILL MAHER QUESTIONS SCIENCE AND COMMON SENSE OF BOOSTERS "The FBI conducted court-authorized law enforcement activity in Rolling Meadows on Saturday. Department of Justice policy prevents the FBI from commenting on the subject or nature of any investigations that may or may not be occurring," a spokesperson for the FBI told the Washington Examiner. "Generally speaking, and not to be construed as a comment on the aforementioned, the FBI always stands ready to protect the American people from fraudulent and criminal activity." The Centers for Medicare and Medicaid Services, a branch of the Department of Health and Human Services, is investigating the Center for COVID Control and has discovered "deficiencies" in the...
    Stocks that traded heavily or had substantial price changes Monday: Kohl’s Corp., up $16.87 to $63.71. The department store chain said it’s received buyout offers after reports of interest from Sycamore Partners and a group backed by Starboard Value. Unilever Plc., up $4.23 to $53.54. Activist investor Nelson Peltz has reportedly built a stake in the the maker of Dove soap and other consumer goods. Adtalem Global Education Inc., up $3.81 to $31.71. The for-profit education company is selling its financial services segment to Wendell Group. Vodafone Group Plc., up $1.07 to $16.90. The telecommunications company is reportedly considering several deals. Opko Health Inc., down $1.01 to $3.23 U.S. regulators rejected Somatrogon for pediatric growth hormone deficiency. Peloton Interactive Inc., up $2.65 to $29.71 Activist investor Blackwells Capital wants the exercise equipment maker to remove CEO John Foley and consider selling the company. ConocoPhillips, up 30 cents to $83.02. Energy stocks had a mixed reaction as crude oil prices fell. Freeport McMoRan Inc., down $1.03 to $39.96. The mining company slipped along with falling copper prices. Copyright © 2022 The...
    MENLO PARK (CBS SF / CNN) — Facebook has long bet that artificial intelligence can help it with the difficult task of moderating posts from its billions of users. Now its parent company is taking a step that could move it closer to that elusive goal: building its first supercomputer. Meta on Monday announced its new AI Research SuperCluster (RSC), a supercomputer meant to be used for AI research projects. The supercomputer, which has been in the works for two years, may eventually help Meta develop far more powerful AI software — potentially useful for tricky tasks such as spotting hate speech in posts. READ MORE: Clear Skies, Calm Winds Help Firefighters Strengthen Containment Of Big Sur Wildfire; 'Drought Is Acting Like A Chronic Illness'“With RSC, we can more quickly train [AI] models that use multi-modal signals — for example, to understand the context of a post, including language, images, and tone,” Shubho Sengupta, a software engineer at Meta, told CNN Business. Supercomputers, which feature many interconnected processors clumped into what are known as nodes, have become increasingly popular and powerful in recent years for...
    BRYN ATHYN, Pa. (CBS) – A historic home went up in flames in Montgomery County on Monday morning. It happened just before 4 a.m. on Fettersmill Drive in Lower Moreland Township, near the Bryn Athyn post office. The house dates back to 1870. READ MORE: 2nd Man Arrested, Another Sought In Murder Of Man Killed By Stray Bullet While Eating Thanksgiving Dinner In Norristown Huntingdon Valley & Willow Grove Fire Company/Facebook Several nearby fire companies responded. READ MORE: City Launches 'Philadelphia Tax Center' Website Just In Time For Tax Season Huntingdon Valley & Willow Grove Fire Company/Facebook No one was in the home at the time, and no injuries were reported. MORE NEWS: Son Of Philadelphia Police Officer Shot Multiple Times In Apparent Robbery In North Philadelphia, DA SaysNo word on the cause of the fire.
    Getty Tom Brady's company, TB12 Sports, recently hinted at the quarterback's future. Shortly after the Tampa Bay Buccaneers loss, Tom Brady‘s health and wellness company, TB12 Sports, dropped a potential hit on the quarterback’s future. “You win or you learn,” TB12 Sports tweeted on Sunday, January 23. “There are no failures, only lessons. When you fall, you need to pick yourself up with greater enthusiasm than you went down. Now we look back on an incredible season, learn our lessons, and get up … because even greater things are coming.” The company added the hashtag #KeepGoing afterward. You win or you learn. There are no failures, only lessons. When you fall you need to pick yourself up with greater enthusiasm than you went down. Now we look back on an incredible season, learn our lessons, and get up… because even greater things are coming.#KeepGoing pic.twitter.com/tCXI3q1J5p — TB12sports (@TB12sports) January 23, 2022 It all could hint at Brady, 44, planning to play out the final year of his contract in 2022 to seek another Super Bowl ring. However, “greater...
    MOUNTAIN VIEW (AP) — The District of Columbia and three states are suing Mountain View-based Google for allegedly deceiving consumers and invading their privacy by making it nearly impossible for them to stop their location from being tracked. In the lawsuit filed Monday in a Washington court, D.C. Attorney General Karl Racine alleges Google has “systematically” deceived consumers about how their locations are tracked and used. He also says the internet search giant has misled users into believing they can control the information the company collects about them. READ MORE: Woman Helps Palo Alto Police Arrest Duo Suspected In Several Auto Burglaries“In reality, consumers who use Google products cannot prevent Google from collecting, storing and profiting from their location,” the lawsuit says. Google has “an unprecedented ability to monitor consumers’ daily lives.” Google makes it impossible for users to opt out of having their sensitive and valuable location data tracked, the suit alleges. The attorneys general of Texas, Indiana and Washington state are filing similar lawsuits in their state courts, according to Racine’s office. “Google’s business model relies on constant...
    In this article NFLXScene from "Squid Game" by NetflixSource: NetflixNetflix has gone from airing "Squid Game" to becoming a player in it. The streaming company's stock price sank 6.6% as of mid-day Monday, reaching as low as $371.37. That follows Friday's 22% plunge, which was the steepest one-day drop since July 2012. Netflix shares are now down about 47% from their record intraday high in November and are trading at their lowest since April 2020, when Covid-19 was in the early days of shutting down the U.S. economy. The drop has been so precipitous, it's almost as if the pandemic never happened for Netflix investors. Of course, Netflix's business boomed in 2020 and through much of last year as people were stuck at home in quarantines. The company added more than 36 million subscribers in 2020 and 18.2 million in 2021. The stock pushed past $700 to a record on Nov. 19, two months after Netflix released "Squid Game," the South Korean action show that became the company's biggest series ever. The show follows fictional contestants competing in a series of children's...
    The District of Columbia and three states are suing Google for allegedly deceiving consumers and invading their privacy by making it nearly impossible for them to stop their location from being tracked. In the lawsuit filed Monday in a Washington court, D.C. Attorney General Karl Racine alleges Google has “systematically” deceived consumers about how their locations are tracked and used. He also says the internet search giant has misled users into believing they can control the information the company collects about them. “In reality, consumers who use Google products cannot prevent Google from collecting, storing and profiting from their location,” the lawsuit says. Google has “an unprecedented ability to monitor consumers’ daily lives.” Google makes it impossible for users to opt out of having their sensitive and valuable location data tracked, the suit alleges. The attorneys general of Texas, Indiana and Washington state are filing similar lawsuits in their state courts, according to Racine’s office. “Google’s business model relies on constant surveillance of its users,” his office said in a news release. The suit asserts that Google has “a powerful...
    SAN FRANCISCO (AP) — Pacific Gas & Electric is poised to emerge from five years of criminal probation, despite worries that nation’s largest utility remains too dangerous to trust after years of devastation from wildfires ignited by its outdated equipment and neglectful management. The probation, set to expire at midnight Tuesday, was supposed to rehabilitate PG&E after its 2016 conviction for six felony crimes from a 2010 explosion triggered by its natural gas lines that blew up a San Bruno neighborhood and killed eight people. READ MORE: Woman Helps Palo Alto Police Arrest Duo Suspected In Several Auto BurglariesInstead, PG&E became an even more destructive force. Since 2017 the utility has been blamed for more than 30 wildfires that wiped out more than 23,000 homes and businesses and killed more than 100 people. “In these five years, PG&E has gone on a crime spree and will emerge from probation as a continuing menace to California,” U.S. District Judge William Alsup wrote in a report reviewing his oversight of the utility. While on probation, PG&E pleaded guilty to 84 felony counts of...
    Richard Davis was a bankrupt pizzeria owner when he got the idea for a bulletproof vest in 1969 Michigan. Body armor was nothing new, of course, but Davis had an inkling that he could make something lighter that could be worn, undetected, under clothes. Kevlar, he’d discover, was the answer. And to prove that his invention actually worked, Davis, a former Marine and born showman, went to some extraordinary lengths: He shot himself over 190 times. Somehow, that’s not even the wildest part of his story, which is chronicled in the lively documentary “2nd Chance,” which premiered this weekend at the Sundance Film Festival. Utilizing new interviews with Davis, friends, enemies and ex-wives, the film charts the formation of his company Second Chance, its triumphs (saving hundreds of lives) and tragedies, including the death of a police officer after the company started using Zylon in its vest. “2nd Chance” is the documentary feature debut of Ramin Bahrani, the Iranian-American filmmaker whose films often explore and dismantle notions of the American dream, including “Chop Shop and “99 Homes.”...
    Netflix is officially a dog stock, with shares of the left-wing streaming giant losing a whopping 40 percent of their value since the start of 2022 amid anemic new customer figures and analyst downgrades, all of which point to a rockier future ahead for the once invincible company. Shares of Netflix — which has a production deal with former President Barack Obama — were down nearly 12 percent in morning trading Monday after the stock plummeted more than 20 percent Friday after the streamer reported weaker-than-expected subscriber results for the fourth quarter and a pessimistic outlook for the first quarter of the new year. And now there’s even more bad news: a new study estimates Netflix could lose hundreds of thousands more subscribers as several Disney-owned hit shows including Modern Family and Sons of Anarchy are leaving the streamer in the U.K. and migrating to Disney+. Co-founder and director of Netflix Reed Hastings delivers a speech as he inaugurates the new offices of Netflix France, in Paris on January 17, 2020. – Hastings announced some 20 French projects by Netflix on...
    Raffi Garabedian, then the CTO of First Solar, speaks during the National Clean Energy Summit in 2017.Isaac Brekken | Getty Images Entertainment | Getty Images Raffi Garabedian spent a dozen years developing solar panel technology at First Solar, a photovoltaics company that currently has a market value around $8 billion. The technologist then went on to co-found a clean hydrogen start-up Electric Hydrogen, which he's currently building out as its CEO. Garabedian's career path may seem surprising. While solar power is almost universally accepted as a clean energy source, hydrogen production is often perceived as a shady corner of the climate space where oil and gas companies are using smoke and mirrors to invent a reason to keep their own infrastructure relevant. But Garabedian knows all that. He also knows that not all hydrogen is created in the same way. And hydrogen is absolutely essential to life on earth and has tremendous potential to be a linchpin in critical business sectors that will otherwise be hard to decarbonize. A decade ago, the solar industry was "an arms race" to develop...
    A Boeing 737 MAX 7 aircraft lands during an evaluation flight at Boeing Field in Seattle, Washington, September 30, 2020.Lindsey Wasson | Reuters One year since Boeing's embattled 737 Max returned to service — following the largest grounding in aviation history — there appears to be a broad consensus in the industry that the plane is as safe as any flying today. "The question I get asked most frequently is, 'Would you get on a Max?' And the answer to that is yes, without question, and I would put my family on one," aviation safety consultant and NBC News analyst John Cox, said in an interview with CNBC's "American Greed." Much less clear, however, is whether, in its next generation of aircraft, Boeing can avoid the cascade of errors, shortcuts and management failures that led to 346 deaths in two 737 Max crashes in 2018 and 2019 — blamed in part on the plane's flight control system. "I had hoped that this would be a major reckoning. They would bring in someone new and they would say, 'No, we're going...
    In this article TSLA WYNN GM COIN Mario Tama | Getty Images News | Getty ImagesCheck out the companies making headlines in midday trading. Netflix — Shares of the streaming giant fell more than 9% after Jefferies downgraded the stock to hold from buy and said the company may need to shift its focus to video games. The shares plunged Friday as several analysts issued downgrades and price target cuts after Netflix reported disappointing subscriber guidance. ARK Innovation — Shares of Cathie Wood's flagship exchange-traded fund fell 7% in midday trading as growth names continued their downward spiral. Coinbase, one of the fund's largest holdings, tanked. Tesla fell close to 7% and Unity Software lost more than 4%. Exact Sciences slid more than 6%, and Twilio fell 5%. Coinbase — The cryptocurrency exchange operator's shares tumbled more than 9% as the price of bitcoin fell to its lowest point since July as part of the continued sell-off in risk assets. Microstrategy, one of the biggest corporate buyers of bitcoin, also plunged more than 7%. Wynn Resorts — The casino and resort...
    A Fairfield County man who is facing charges after authorities said he yelled and threw a drink at employees of an area smoothie shop has been fired from his job at Merrill Lynch, according to a new report. James Iannazzo, age 48, of Fairfield, was arrested on Saturday, Jan. 22, following the incident at Robeks, which is located at 2061 Black Rock Turnpike in Fairfield, according to the Fairfield Police Department. Earlier report - Man Accused Of Attacking Smoothie Shop Workers In Fairfield County For Son's Allergic Reaction Police said Iannazzo was angry after his son suffered a severe allergic reaction to a smoothie made with nuts. He reportedly told officers he had not informed the employees of his son's peanut allergy, but he said he had asked that they make the smoothie without peanut butter. A video of the incident went viral after it was posted to TikTok.  Iannazzo cursed and yelled at the employees, and referenced an employee's immigrant status, police said. Police said Iannazzo was charged with: Second-degree intimidation based on bigotry or bias Second-degree breach of peace...
    NEW YORK -- The quest for control of Kohl's is heating up.On Saturday, the retailer received an unsolicited $9 billion bid to go private from a consortium backed by an activist investor, according to published sources. The hedge fund, Starboard Value LP, offered to buy the department store chain for $64 a share in cash, The New York Times and The Wall Street Journal both reported.Starboard controls Acacia Research Corp., the group making the buyout overture, according to the reports. Its offer would be a significant bump up from the Kohl's current share price, which closed at $46.84 on Friday.A spokesperson for Kohl's didn't immediately return a request for comment.The company has been in the crosshairs of activist investors and short sellers for months. In December, Engineer Capital said in a letter to Kohl's board of directors "the public market is not appreciating Kohl's in its current form," and "there is no excuse for the Board to cling to the status quo."It was the second push from an activist investor group in 2021. Kohl's settled with another group in April,...
    New York (CNN Business)Abigail Disney, a longtime critic of her family's business, is taking her fight to Disney's turf: The big screen.The activist granddaughter of Disney co-founder Roy Disney (Walt's brother) has made a movie lambasting the way the Walt Disney Co. (DIS) treats its theme park employees. Abigail Disney co-directed "The American Dream and Other Fairy Tales" with Kathleen Hughes, and Disney's brother Tim Disney is listed as an executive producer. Their sister, Susan Disney Lord, also helped produce the film, the New York Times reported.The film is set to debut Monday night at the Sundance Film Festival. Disney and her siblings have not yet found a distributor for the movie, but the Times reported they are hopeful the Sundance debut will help it attract a streamer, such as Netflix (NFLX) or Amazon (AMZN), to pick it up.In a Sundance video promoting the film, Disney says she was inspired to create the movie after a Disneyland employee (the company calls them "cast members") reached out about pay disparity and the inability to afford enough food on theme park pay....
    Attorneys general from Washington, D.C. and three states plan to sue Google on Monday, accusing the tech giant of deceiving consumers about the security of their location data in order to boost its digital advertising profits. "Google uses tricks to continuously seek to track a user's location," said D.C. Attorney General Karl Racine (D). "This suit, by four attorneys general, on a bipartisan basis, is an overdue enforcement action against a flagrant violator of privacy and the laws of our states." The District of Columbia and Texas have filed lawsuits, and Washington and Indiana are expected to do the same. The Washington Post reported Monday:The lawsuits... allege the company made misleading promises about its users' ability to protect their privacy through Google account settings, dating to at least 2014. The suits seek to stop Google from engaging in these practices and to fine the company.The complaints also allege the company has deployed "dark patterns," or design tricks that can subtly influence users' decisions in ways that are advantageous for a business. The lawsuits say Google has designed its products to...
    (CNN Business)Facebook has long bet that artificial intelligence can help it with the difficult task of moderating posts from its billions of users. Now its parent company is taking a step that could move it closer to that elusive goal: building its first supercomputer.Meta on Monday announced its new AI Research SuperCluster (RSC), a supercomputer meant to be used for AI research projects. The supercomputer, which has been in the works for two years, may eventually help Meta develop far more powerful AI software — potentially useful for tricky tasks such as spotting hate speech in posts."With RSC, we can more quickly train [AI] models that use multi-modal signals — for example, to understand the context of a post, including language, images, and tone," Shubho Sengupta, a software engineer at Meta (FB), told CNN Business. Meta is building a massive supercomputer called "AI Research SuperCluster" to train artificial intelligence models. The company said it is one of the fastest AI supercomputers out there, and it thinks it will be the fastest in the world once it's fully built later this...
    UFC President Dana White is fed up with the “whiny fucking pussies” in the media trying to cancel his friend, podcasting superstar Joe Rogan. “You’re not going cancelling Rogan,” White said in reference to the a letter calling for Spotify to censor Joe Rogan’s podcast on the latest episode of the Full Send podcast. “The thing is with Rogan, he’s a brilliant guy and he does his homework and he knows what he’s talking about.” White bashed those calling for Rogan’s censorship for not taking into account Rogan’s first amendment rights. “Guess what this is fucking America,” White said. “You can have your own opinions about these things and you can voice them. That’s what this fucking country was built on. All these little whiny fucking pussies that don’t like it, too bad.” White then said Spotify will never crack down on Rogan’s podcast because they’re a foreign company. “They’re not an American company,” White explained. “It’s people who want him on Spotify.” Rogan signed a $100 million podcast deal with the streaming service in 2020. Watch above via the Full...
    SAN FRANCISCO -- Pacific Gas & Electric is poised to emerge from five years of criminal probation, despite worries that nation's largest utility remains too dangerous to trust after years of devastation from wildfires ignited by its outdated equipment and neglectful management.The probation, set to expire at midnight Tuesday, was supposed to rehabilitate PG&E after its 2016 conviction for six felony crimes from a 2010 explosion triggered by its natural gas lines that blew up a San Bruno neighborhood and killed eight people.Instead, PG&E became an even more destructive force. Since 2017 the utility has been blamed for more than 30 wildfires that wiped out more than 23,000 homes and businesses and killed more than 100 people."In these five years, PG&E has gone on a crime spree and will emerge from probation as a continuing menace to California," U.S. District Judge William Alsup wrote in a report reviewing his oversight of the utility.While on probation, PG&E pleaded guilty to 84 felony counts of involuntary manslaughter for a 2018 wildfire that wiped out the town of Paradise, about 170 miles (275...
    OMAHA, Neb. (AP) — Newspaper publisher Lee Enterprises is asking its shareholders to help it fight off a hostile takeover offer from “vulture hedge fund” Alden Global Capital. The publisher of the St. Louis Post-Dispatch, the Buffalo News and dozens of other newspapers, including nearly every daily newspaper in Nebraska, sent a letter to shareholders Monday asking them to support its board nominees in the dispute with Alden. Lee, which is based in Davenport, Iowa, already rejected Alden’s $24 per share offer because it said the $141 million bid grossly undervalues Lee, but the two sides are locked in a court battle over whether Alden will be able to nominate its own directors. “A ‘Vulture Hedge Fund’ is seeking to acquire Lee at a steep discount. Don’t let it take value that belongs to you,” Lee said in its letter to shareholders. Lee also told shareholders that they should have faith in the company’s current strategy to shift its publications over to online delivery because it has seen its digital-only subscriptions grow 65% over the past year to 402,000 at...
    A long-time Nike employee was fired after refusing to supply his COVID-19 vaccination records to a third-party verification service used by the sportswear giant.  Dex Briggs, 53, claims he was terminated from his marketing manager position at Nike headquarters in Beaverton, Oregon earlier this month after a 26-year run with the company - despite being fully-vaccinated against the virus. He says he found the company's vaccination verification process too worrying to comply with. It sees vaccination records uploaded to software created by unidentified third-party firm.  That firm then has permission to share the information with others in an effort to confirm the vaccination, which Briggs - who has previously fallen victim to identity theft - found too great a breach of his privacy to endure.  'I have my vaccination card. I'm quite willing to show you that. But I'm not willing to give my personal information to this (outside) company, and any other company they want to share it with, without even telling me who they are,' Briggs told The Oregonian. Nike, which has approximately 14,000 workers assigned to its headquarters near Beaverton,...
    The attorneys general of three states and Washington, D.C., are filing lawsuits Monday alleging that Google deceived consumers into giving up their location data. The suits allege that the search giant made misleading promises about how much privacy it could guarantee users dating back to at least 2014. Google also allegedly used “dark patterns” — user interface tricks employed by websites to get individuals to do things against their will — to inadvertently make consumers share more data, the attorneys general claim. “Google falsely led consumers to believe that changing their account and device settings would allow customers to protect their privacy and control what personal data the company could access,” D.C. Attorney General Karl Racine (D) said in a statement. The attorneys general of Texas, Washington and Indiana are expected to fill lawsuits in their own states as well. “Google’s founding motto is ‘Don’t Be Evil,'" Texas’ Ken Paxton (R) said. “And yet it systematically lies to millions of consumers in order to stack billions of dollars into its coffers.” The Hill has reached out to a Google spokesperson for comment...
    PHILADELPHIA (CBS) — A steam leak at the Vicinity Energy plant in Grays Ferry may be causing a noticeable noise in the Grays Ferry neighborhood, but the plant says it’s no cause for concern. CBS3 reached out to the company after reports of residents hearing a loud noise. A spokesperson said a “steam leak on a small auxiliary line” inside the facility is the cause. The statement went on to say: “We understand that the steam leak is causing some disturbance in the immediate neighborhood due to the noise. Vicinity has a plan to repair the leak once the temperature moderates on Tuesday morning. With the rising temperatures tomorrow, we are able to perform this repair without any impact to the customers. “While the steam leak is creating noise, there are no safety or health concerns for the community or plant personnel.” The company apologized for the noise and inconvenience.  
    Activist investor Blackwells Capital is asking Peloton to remove CEO John Foley and consider selling the company just a few days after a media report said the exercise and treadmill company was temporarily halting production of its connected fitness products amid waning consumer demand. In a letter to the board of Peloton Interactive Inc., Blackwells Chief Investment Officer Jason Aintabi said that Foley “must be held accountable for his repeated failures to effectively lead Peloton.” The letter claims Foley’s mistakes included vacillating on pricing strategy and demonstrating a repeated inability to forecast consumer demand. “The company has gotten too big, too complex and too damaged for Mr. Foley to lead it,” the letter said. Peloton sales spiked as quarantined Americans bought at-home exercise equipment as a way to stay fit. And it couldn’t keep up with demand. But its success has created additional competitors who sell cheaper bicycles and exercise equipment. In addition, many high-end gyms are offering virtual classes that once were Peloton’s biggest draws. And in recent months, Americans are returning to their local gyms. ...
    Hannah Kohr made a career change after quitting her job during the "Great Resignation."Courtesy: Hannah Kohr Hannah Kohr started reassessing her career as a library assistant shortly after the Covid-19 pandemic hit. She had spent the majority of her time at the Cleveland Public Library helping families with basic needs such as food, housing and health care. Yet the 32-year-old felt technology was one of the greatest hindrances for them to access what they needed. So in March 2021, Kohr decided to walk away and enroll in Tech Elevator's boot camp. She graduated last summer and now works as a product owner for a wellness company. She helps design and build a product geared towards supporting people's health and health outcomes, she said. "The stress of the work that I'm doing is much less and I am much more highly compensated for the work that I do," Kohr said. In fact, she has more than doubled her salary — she's now making $75,000 a year compared to $30,000 at her job at the library. More from Invest in You:Companies raise...
    Australia’s Prime Minister Scott Morrison has lost control of his social media account on the Chinese-owned platform WeChat as a lawmaker Monday accused Beijing of political interference. Morrison´s 76,000 WeChat followers were told his page had been reframed as “Australian Chinese new life” earlier this month and his photograph had been removed, the Sydney Daily Telegraph newspaper reported. The changes were made without the government´s knowledge, the report added. In response to a question from the Associated Press, WeChat’s parent company Tencent said there was “no evidence of any hacking or third-party intrusion,” related to Morrison’s account. “Based on our information, this appears to be a dispute over account ownership,” the company said. In accordance with Chinese regulations, Morrison’s public account was registered with a Chinese citizen and was later transferred to its current operator, the company said. Australia’s parliament is set to probe alleged foreign interference at public universities, a government minister said Monday, as concerns grow about Chinese influence. https://t.co/yxDXzTpg3F — Breitbart News (@BreitbartNews) September 1, 2020 It identified the present owner of the account only as a...
    The Duke and Duchess of Sussex have added two more 'entertainment' companies to their growing business empire in tax haven Delaware.  Prince Harry, 37, and Meghan Markle, 40, who are currently living in their $14 million mansion having stepped back from royal duty last year, are currently setting up a complex network of companies all based in the opaque tax haven state of Delaware. Last week, state filings revealed Meghan's longtime lawyer and business manager have incorporated 11 companies and a trust for the couple since April 2020, including a firm apparently set up for Harry's multi-million-dollar memoir book deal.  And according to The Telegraph,  two further companies were also registered on the same date, including Cloverdale Inc – which bears the same name as the street that the Duchess lived on with her mother in Los Angeles as a child. It is currently unknown what the meaning is behind the name of the second company, Riversoul.  Both companies are set up explicitly in the 'entertainment' space, meaning the couple now have seven separate firms in the industry.   The companies are all headquartered in...
    New York (CNN Business)The knives are out for Peloton and CEO John Foley. Blackwells Capital, an activist investor that owns less than 5% of Peloton, says it has "grave concerns" about its performance and is calling on its board of directors to fire Foley immediately and explore a sale. In an open letter Monday, the investment firm sharply criticized Peloton for not capitalizing the success it achieved in 2020, saying it squandered the opportunity to grow sales of its internet-connected bikes and treadmills. Peloton shares have tumbled 80% from their peak, bruised from sagging sales, a massive recall and PR nightmares in popular TV shows. Peloton CEO John Foley.Blackwells' Chief Investment Officer Jason Aintabi said the company is currently on "worse footing today than it was prior to the pandemic, with high fixed costs, excessive inventory, a listless strategy, dispirited employees and thousands of disgruntled shareholders."To turn around Peloton's fortunes, Blackwells suggests firing Foley for his "repeated failures," listing 10 examples. They include his pricing strategy (Peloton cut the product on its Bike and Tread in August 2021, only...
    VIDEO1:1001:10Futures point to lower open as stocks come off bruising weekMorning Report Take a look at some of the biggest movers in the premarket: Kohl's (KSS) – Kohl's soared 27.3% in premarket trading as takeover interest in the retailer ramps up. Starboard-backed Acacia Research is offering $64 per share for Kohl's, compared to Friday's close of $46.84 a share. People familiar with the matter say private-equity firm Sycamore Partners has reached out with a potential offer of at least $65 per share. Snap (SNAP) – Snap shares slid 5.3% in the premarket after it was downgraded to "neutral" from "outperform" at Wedbush, which sees various headwinds impacting the social media network operator's revenue growth. Philips (PHG) – Philips slid 4.2% in premarket action after the Dutch health technology company reported falling profit due in part to supply chain issues that are expected to persist in coming months. Philips did predict a strong recovery in sales for the second half of the year. Peloton (PTON) – Activist investor Blackwells Capital is calling on Peloton to fire its CEO and seek a...
    SAN FRANCISCO (KPIX) — Film lovers worried about the Castro Theatre being operated under a new management company showed up at the famed movie palace on Sunday to demand that classic cinema be a part of the landmark’s future as well as its past. “I’ve been coming to the Castro Theatre for decades, for the silent film festival, the film noir festival and we want to see that continue,” said Michael Petrelis, who organized the “speak-out” in front of the theatre Sunday afternoon. “I am very nervous that Another Planet is a live music event producer. They do not have a history of film programming.” Another Planet Entertainment announced Wednesday that it had partnered with the owners of the Castro, Bay Properties, Inc., to renovate the venue and refocus on live entertainment. Petrelis and others are worried about a concert promoter overseeing events at a site that has showcased films for a century. “The Castro is one of the most important cultural institutions remaining in San Francisco and it’s personally very important to me,” said Allen White, a filmmaker and...
    SAN FRANCISCO (AP) — Pacific Gas & Electric is poised to emerge from five years of criminal probation, despite worries that nation’s largest utility remains too dangerous to trust after years of devastation from wildfires ignited by its outdated equipment and neglectful management. The probation, set to expire at midnight Tuesday, was supposed to rehabilitate PG&E after its 2016 conviction for six felony crimes from a 2010 explosion triggered by its natural gas lines that blew up a San Bruno neighborhood and killed eight people. Instead, PG&E became an even more destructive force. Since 2017 the utility has been blamed for more than 30 wildfires that wiped out more than 23,000 homes and businesses and killed more than 100 people. “In these five years, PG&E has gone on a crime spree and will emerge from probation as a continuing menace to California,” U.S. District Judge William Alsup wrote in a report reviewing his oversight of the utility. While on probation, PG&E pleaded guilty to 84 felony counts of involuntary manslaughter for a 2018 wildfire that wiped out the town of...
    Peloton has been hit with another branding crisis after a major character in the Season 6 premiere of Showtime’s Billions was depicted having a heart attack after riding one of its bikes, about a month after a similar scene in And Just Like That.  The exercise equipment company is coming off the heels of a troublesome week that saw its stock dip 27% following reports of its plans for productions pauses.  To cap it all off, the brand faced a déjà vu moment after a scene in Sunday’s episode of ‘Billions’ that saw fictional character Mike Wagner, played by David Costabile, nearly suffering the same fate as Chris Noth’s Mr. Big in HBO’s “Sex and the City” sequel. Wagner is seen in the episode getting off the bike and refuting to other characters that he is having a heart attack, despite describing symptoms like shortness of breath and jaw discomfort.  He is rushed to an ambulance and soon recovers, however, only to make a grand entrance in the next scene and proclaim, ‘I’m not going out like Mr. Big.’ Mike...
    MONTEREY PARK, Calif. (KABC) -- Millions of at-home COVID-19 tests are being left untouched and unable to be distributed inside a warehouse in Monterey Park due to massive supply chain issues.According to an ABC News report published last week, some 17 million tests -- including some earmarked by the California Department of Public Health for schools, nursing homes, homeless shelters and childcare centers - have been sitting backlogged on giant pallets for days.The impacted tests are some of the test kits produced by iHealth, which are manufactured in China and have been purchased by at least 15 states.As of Thursday, the distribution company that handles the iHealth shipments from China, XChange Logistics, had worked through the millions of backlogged tests, only to face delays on three of iHealth's charter planes carrying roughly 25 million tests, the company told ABC News.At the same time, the distribution company said it's still sending out 20 truckloads of tests per day from its Los Angeles warehouse.XChange Logistics said their warehouses were struggling at 200-300% over capacity last week.Plus, the company's general manager told ABC...
    A cruise ship headed to Miami changed course and is now docked in the Bahamas after an arrest warrant was issued by U.S. authorities over unpaid fuel bills, CBS News reported.  A Miami-based federal judge on Thursday issued an arrest warrant for the Crystal Cruises' Crystal Symphony cruise ship, according to USA Today.  Peninsula Petroleum Far East (PPFE) filed a lawsuit against Crystal Cruises and Star Cruises seeking $4.6 million in unpaid bills, $1.2 million from the Crystal Symphony vessel alone.  According to a complaint filed by PPFE on Wednesday, the company wants the Crystal Symphony ship to be sold to pay off about $1.2 million in claims.  Judge Darrin Gayles of the U.S. District Court of Southern Florida approved the arrest warrant on Friday, USA Today reported.  The cruise ship is currently docked at the Bahamian island of Bimini, CBS News noted. Ship passengers were taken by ferry to Port Everglades in Fort Lauderdale on Sunday.  Various news outlets reported that the vessel had between 300-700 passengers on it before docking.  Crystal Cruises announced earlier this week that it will suspend operations through late April due to...
    Black Rifle Coffee Company Black Rifle Coffee Company founder Evan Hafer remains excited about signing Travis Pastrana. Travis Pastrana announced on January 10 that he had signed with Black Rifle Coffee Company after a long relationship with Red Bull. He joined the BRCC Motorsports team that features NASCAR Xfinity Series driver Noah Gragson, off-road racing champion BJ Baldwin, and jetski freerider Mark Gomez among others. He also completed a long-overdue partnership. “It’s a dream come true,” BRCC founder and CEO Evan Hafer told Heavy during a January interview. “I think I’ve been following Travis for as long as probably the Internet has existed. I’ve been such a fan of his for so long. … Then once we actually developed a relationship, you find out that the guy is just an incredible human being all the way around. He’s a salt-of-the-earth guy who’s truly as authentic as you would imagine. He is an incredible human. We've been bros w/ @TravisPastrana for a long time & we couldn’t be more stoked for this partnership. If there's one thing we have...
    In this article PTONA person walks past a Peloton store on January 20, 2022 in Coral Gables, Florida.Joe Raedle | Getty ImagesAn activist is pushing Peloton to fire its chief executive officer and consider a sale as its share price has plummeted, according to a report in the Wall Street Journal. Blackwells Capital, which has a stake of less than 5% in Peloton, believes Peloton could be an attractive acquisition target for larger technology or fitness-oriented companies, people familiar with the matter told the paper. Blackwells is arguing that Peloton is weaker today than before the pandemic, according to the report. The firm places much of the blame on CEO John Foley, who is also chairman, the report said. Spokespeople for Peloton and Blackwells didn't immediately respond to CNBC's requests for comment. Foley also didn't return a request for comment. To be sure, Foley and other insiders have super-voting Class B shares, which gave them control over 80% of Peloton's voting power as of Sept. 30, according to a proxy filing. That means it would take...