November 13, 20240 Comments

Planet Fitness loses 11th hour bid to acquire bankrupt Blink

In an aerial view, customers leave a Planet Fitness gym on May 09, 2024 in Richmond, California.  Justin Sullivan | Getty Images Planet Fitness lost its bid in bankruptcy court to acquire budget fitness chain Blink Holdings, according to court filings viewed by CNBC. Planet Fitness placed its competing eleventh hour bids early this month during a 48-hour challenge window. The two higher bids came after it lost out in

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November 13, 20240 Comments

The Guardian stops posting on Elon Musk’s ‘toxic’ X

British newspaper group the Guardian has announced it will no longer post on X, formerly Twitter, saying it has become a “a toxic media platform”. In a message to readers, it said the US presidential election “underlined” its concerns that its owner, Elon Musk, had been able to use X to “shape political discourse.” Mr Musk strongly backed Donald Trump and has now been given a role cutting government spending

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November 13, 20240 Comments

Salt: Inside the big business of battling winter’s icy bite

Breadcrumb Trail Links News Economy Love it or hate it, road salt is a staple of Canadian winter, but ever wonder where it comes from? Joe O’Connor explores a fascinating history from the world’s largest underground mine in Ontario to a newly discovered motherlode in Newfoundland Published Nov 13, 2024  •  Last updated 4 minutes ago  •  10 minute read You can save this article by registering for free here. Or

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November 13, 20240 Comments

JD Sports and Fullers warn Budget will push up prices

Prices in shops and pubs will rise as a result of tax rises on businesses announced in the Budget, two bosses have warned. Andy Higginson, chair of JD Sports and the British Retail Consortium, which represents supermarkets, said tax increases from April, including a rise in National Insurance, would lead to a jump in costs for shoppers. Higher drinks prices could show in as little as six months, added Simon

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November 13, 20240 Comments

Why Tesla, crypto and prisons are Trump trade winners

Getty Images Financial markets greeted Donald Trump’s victory in the US presidential election with a blistering rally. That’s despite considerable debate about how Trump’s plans for tariffs, lower taxes and mass migrant deportations might affect the world’s largest economy. A week on, the surge finally appears to be settling. The three major stock indexes in the US ended the day lower on Tuesday, after rising roughly 5% since 4 November,

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November 13, 20240 Comments

FAA bans U.S.-Haiti flights for 30 days

Spirit Airlines airplanes at Fort Lauderdale-Hollywood International Airport (FLL) in Fort Lauderdale, Florida, US. Eva Marie Uzcategui | Bloomberg | Getty Images The Federal Aviation Administration on Tuesday banned U.S. civilian flights to and from Haiti for 30 days after a Spirit Airlines airplane was struck by gunfire trying to land in Port-au-Prince a day earlier. The FAA’s ban also prohibits U.S. flights from traveling under 10,000 feet in Haiti’s

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November 13, 20240 Comments

Government to order review of prosecutions

The government is set to order an independent review of rail fare prosecutions and enforcement by train companies following reports of disproportionate action against passengers by revenue protection teams. The BBC understands that Transport Secretary Louise Haigh will ask the Office for Rail and Road to look at how fare evasion is dealt with. Train operators have a number of tools to deal with passengers who have underpaid or not

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November 13, 20240 Comments

Amgen stock falls on weight loss drug’s bone density loss data

Shares of Amgen fell more than 7% Tuesday as analysts chewed over bone density loss data from an early-stage trial on its experimental weight loss injection, MariTide. One analyst said the additional data suggests a new potential safety risk tied to the drug. But others said the share move was an overreaction, and that more data on a larger group of patients is needed. Amgen did not immediately respond to

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November 13, 20240 Comments

VW launches $5.8bn partnership with Tesla rival Rivian

Volkswagen Group (VW) and Tesla rival Rivian have launched a joint venture, with the German car giant increasing its investment in the partnership. The two companies say the the deal is now worth $5.8bn (£4.55bn) – up from an initial pledge of $5bn by VW. Shares in the US electric vehicle (EV) maker jumped more than 9% in after-hours trading following the announcement. The tie-up will see the firms sharing

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