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Peloton 4Q sales top Street, but posts bigger-than-expected loss partly on recall costs

Published Sat, 02 Nov 2024 12:17:02 GMT

Peloton managed to beat sales expectations during its fiscal fourth quarter, but the exercise equipment maker reported a bigger loss than anticipated partly due to recall costs and a shift in consumer spending.Shares plunged more than 23% in afternoon trading on Wednesday.Revenue fell to $642.1 million from $678.7 million in the quarter, but still topped the $640.5 million that analysts surveyed by Zacks Investment Research expected.Subscription revenue rose 10%, while connected fitness products revenue slipped 25%. The number of members declined 5% to 6.5 million from 6.9 million. In a letter to shareholders, President and CEO Barry McCarthy said that consumers have been shifting their spending to travel and experiences, but that the New York-based company is starting to see an uptick in hardware sales.McCarthy also said that costs related to a seat post recall that was announced in May had substantially exceeded initial expectations. “An estimated 15,000 to 20,000 of our 2.2 milli...

New Jersey to require free period products in schools for grades 6 through 12

Published Sat, 02 Nov 2024 12:17:02 GMT

TRENTON, N.J. (AP) — New Jersey will require school districts to offer free menstrual products for grades six through 12 under a new law Gov. Phil Murphy signed Wednesday.Murphy, a Democrat, said in a statement that the measure is aimed at promoting equity “at every level” in the state.“When students can’t access the menstrual products they need for their reproductive health, the potential stress and stigma too often distracts them from their classes or forces them to skip school entirely,” he said. Under the bill, school districts are required to ensure that students in schools with students from grade six through 12 have access to free menstrual products in at least half of the female and gender-neutral bathrooms. The state will bear any costs incurred by schools under the legislation. The legislature’s nonpartisan Office of Legislative Services estimated the requirement will cost between $1.8 million and $3.5 million for the first full school year and from $1.4 millio...

Bernardo Silva extends contract at Manchester City after speculation of move to Paris Saint-Germain

Published Sat, 02 Nov 2024 12:17:02 GMT

MANCHESTER, England (AP) — Bernardo Silva signed a contract extension with Manchester City on Wednesday, ending speculation he would join Paris Saint-Germain this season.The 29-year-old Portugal midfielder extended his contract by one year through the 2025-26 season, City said in a statement.He won five Premier League titles and in June a first Champions League title with City since joining in 2017 from Monaco.“I’ve had six incredible years at Manchester City and I’m delighted to extend my time here,” Silva said.At Monaco, Silva was part of a team with Kylian Mbappé that won the French league title in 2017 and reached the Champions League semifinals. Mbappé also left that summer — for PSG.Silva was widely speculated in the offseason to be returning to the French league and reuniting with Mbappé.French daily Le Parisien reported Wednesday a planned Manchester-to-Paris deal broke down after City manager Pep Guardiola was unwilling to lose Silva when another playmaking winger Riyad Mah...

Former USC star Reggie Bush plans defamation lawsuit against NCAA

Published Sat, 02 Nov 2024 12:17:02 GMT

LOS ANGELES (AP) — Former Southern California running back Reggie Bush plans to file a defamation lawsuit against the NCAA over a statement made by college sports’ governing body about the reasoning for its decision not to restore the Heisman Trophy winner’s records.Bush announced his plan Wednesday through his attorneys at McCathern PLLC.Bush objects to a statement issued in July 2021 calling the star’s playing career at USC a “pay-for-play” arrangement. That standard was cited as the reason the NCAA wouldn’t restore Bush’s records, a decision that led to Bush returning his Heisman Trophy.“The NCAA’s statement is completely false and highly offensive,” the statement from Bush’s lawyers read. “The NCAA knew Mr. Bush was never even accused of, involved in, much less sanctioned for any ‘pay–for–play arrangement’ which never occurred.”Two years ago after NCAA athletes were given the right to profit off their name, image and likeness right...

Prince William Co. teacher’s union: ‘Sexually explicit’ book list leaves staff ‘overwhelmed and underappreciated’

Published Sat, 02 Nov 2024 12:17:02 GMT

In response to a controversial Virginia state law, Prince William County’s school division was one of two districts to recently release a list of books deemed “sexually explicit.”Under new guidelines, parents would be allowed to opt their children out of learning about these texts — should teachers decide to include any of them in the class curriculum.According to the state code, “sexually explicit content” means any description or visual depiction of a lewd exhibition of nudity, sexual excitement, sexual conduct or sadomasochistic abuse, sexual bestiality, coprophilia, urophilia or fetishism.But the Prince William County Education Association, the area’s teachers’ union, believes that definition leaves a lot of wiggle room, which constitutes a type of censorship.“It is subjective and largely open to interpretation,” said Jerod Gay, with the association.Gay, who previously taught 7th grade language arts in the county, currently w...

Suspect arrested and charged in connection to Fort Lauderdale kidnapping, sexual battery case

Published Sat, 02 Nov 2024 12:17:02 GMT

Following an exhaustive investigation, the Fort Lauderdale Police Department has successfully identified and apprehended the suspect believed to be connected to the kidnapping and sexual battery incident that took place on Saturday, August 12. Louvensky Accime, 24, now faces charges of two counts of robbery with a firearm, two counts of kidnapping, two counts of armed robbery-carjacking, aggravated battery and the possession of a firearm by a convicted felon.Accime’s apprehension came as a result of his arrest by the Broward Sheriff’s Office on August 15, 2023, for unrelated charges.According to authorities, the kidnapping occurred when a male and female were sitting inside a parked vehicle when a male, armed with a firearm, approached them. The male suspect demanded the possessions of the male victim.During this exchange, the suspect forcefully took control of the driver’s seat and stole the vehicle, with the female victim still inside.Throughout this time, authorities said, ...

Miami nurse arrested for stealing from elderly patient, using debit card for fraudulent transactions

Published Sat, 02 Nov 2024 12:17:02 GMT

A 37-year-old nurse from Miami has been arrested after allegedly stealing from an elderly patient. David Capote is facing charges of grand theft, credit card fraud, exploitation of the elderly and identity theft after stealing from an elderly patient under his care.According to the arrest form, the investigation began when the victim, a patient at Jackson South Medical Center in Miami, reported several unauthorized charges on his Bank of America debit card. The victim had been a patient at the medical center from May 6 to May 11. Detectives reviewed surveillance footage from Walgreens, CVS and Walmart, revealing fraudulent transactions totaling $760.91 made using the victim’s debit card.Upon comparing the footage, investigators identified an unknown subject appearing in the videos as David Capote, a nurse who had provided care to the victim during his hospital stay. Cellphone records further indicated Capote’s presence near the locations of the fraudulent transactions on...

Miami firefighters rescue construction worker impaled on rebar

Published Sat, 02 Nov 2024 12:17:02 GMT

A construction worker suffered a serious accident when he fell onto standing rebar in Miami, prompting a swift response from Miami Fire Rescue.The incident occurred just after 1 p.m. at 77 SE 5 Street.Upon arrival, emergency crews found the worker impaled by the rebar.Paramedics were able to treat and stabilize the injured worker, while rescue specialists strategically employed a harness to secure him. Using cutting-edge tools, the team successfully freed the worker from the rebar, which had penetrated his lower body and traversed his torso.Firefighters and an on-site crane operator were able to lower the patient using both the crane and a stokes basket.The patient, who is in stable condition, was transferred onto a stretcher and transported to Jackson Memorial Ryder Trauma Center.

Wagner’s Prighozin was on the passenger list for a plane that crashed, killing all 10 people aboard

Published Sat, 02 Nov 2024 12:17:02 GMT

Mercenary leader Yevgeny Prigozhin, who led a brief armed rebellion against Russia earlier this year, was on the passenger list of a private jet that crashed Wednesday, killing all 10 people on board, emergency officials said. It wasn’t immediately clear if Prigozhin was on the plane.The crash immediately raises suspicions since the fate of the founder of the Wagner private military company has been the subject of intense speculation ever since he mounted the mutiny. The Kremlin said he would be exiled to Belarus, but the mercenary chief, whose troops were some of the best fighting forces for Russia in Ukraine, has since reportedly popped up in Russia.The crash also comes after Russian media reported that a top general linked to Prigozhin was dismissed from his position as commander of the air force.A plane carrying three pilots and seven passengers that was en route from Moscow to St. Petersburg went down more than 100 kilometers (60 miles) north of the capital, according to offici...

Wagner boss Prigozhin believed killed in jet crash in Russia

Published Sat, 02 Nov 2024 12:17:02 GMT

Exactly two months after his failed coup, Wagner mercenary group founder Yevgeny Prigozhin is believed to have died on Wednesday after his private jet crashed in flames on an internal flight within Russia. Speculation is rife that Russian President Vladimir Putin — who is notoriously unforgiving of traitors and accused Prigozhin of “treason” in June — ordered the downing of the aircraft. It comes only a day after Russian media announced the firing of Sergei Surovikin, the former commander of Moscow’s war effort in Ukraine, who has not been seen in public since the aborted Wagner coup. A former loyalist who was dubbed “Putin’s chef” for his role as a catering executive supplying the Kremlin, Prigozhin became embittered toward the Russian government’s handling of the war. In late June, his uprising commanded 24-hour global coverage after he seized the southern Russian city of Rostov-on-Don and ordered a column of troops toward Moscow.Putin himself...