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WeWork files for bankruptcy

Published Fri, 27 Dec 2024 13:29:33 GMT

New York (CNN) — WeWork, the beleaguered coworking startup, has filed for bankruptcy protections in federal court.The chaper 11 bankruptcy announcement caps a stunning downfall for the once-high-flying, SoftBank-backed venture, which was privately valued at some $47 billion at its peak.“Now is the time for us to pull the future forward by aggressively addressing our legacy leases and dramatically improving our balance sheet,” said David Tolley, WeWork CEO, in a news release. “We remain committed to investing in our products, services, and world-class team of employees to support our community.”Once a much-celebrated tech unicorn that promised to revolutionize the future of office work — via, among other things, free-flowing craft beer — a perfect storm of factors caused WeWork to start to come undone in the wake of a botched attempt to go public back in 2019.At the time, IPO paperwork revealed larger-than-expected losses and potential conflicts of interest with the company...

Anthony Edwards takes over late to hand Celtics first loss

Published Fri, 27 Dec 2024 13:29:33 GMT

The Celtics finally met their match.On a night when the Celtics’ offense finally looked mortal, it almost didn’t matter. Kristaps Porzingis was stuck in foul trouble. Jrue Holiday couldn’t buy a shot. Even without Derrick White again, the Celtics were in position for a tough road victory in Minnesota.Then Anthony Edwards happened.The Timberwolves guard and fastest rising NBA superstar scored 38 points, including eight in overtime. The Celtics couldn’t stop him on the court, and they couldn’t take advantage when he was off it as he dealt with foul trouble. They didn’t get enough outside of Jayson Tatum, who scored 32 points, or Jaylen Brown, who added 26. Instead, they dropped their first game of the season with a 114-109 loss to the Timberwolves.The Celtics’ offense went stale against Minnesota, the league’s top defense early this season. But they still had plenty of chances to win. They overcame those slow stretches to take the lead several times. In a back-and-forth fourth quarter...

Hop aboard for free train rides through Balboa Park

Published Fri, 27 Dec 2024 13:29:33 GMT

SAN DIEGO -- Choo, choo, all aboard!The San Diego Zoo Wildlife Alliance is providing free rides on its iconic Balboa Park Miniature Train to celebrate 75 years of fun, the organization said in a press release Monday. The offer is available on Monday, Nov. 13 from 11 a.m. to 4:30 p.m. The antique train, which is one of only around 50 remaining G16 models, takes riders on a three-minute, half-mile trip through four acres of Balboa Park. Don’t swim at these San Diego beaches, says county health officials One child will be selected by the San Diego Zoo as "honorary engineer" of the train every 30 minutes, according to zoo officials. They will receive a free train kit, whistle and hat.Guests can find the miniature train outside the San Diego Zoo's main exit at 2920 Zoo Drive.

Prince William cheers on 15 finalists of Earthshot Prize ahead of awards ceremony

Published Fri, 27 Dec 2024 13:29:33 GMT

SINGAPORE (AP) — Britain’s Prince William cheered on 15 finalists of his third Earthshot Prize in Singapore Tuesday ahead of the awards ceremony where five of them will win one million pounds ($1.2 million) each to scale up groundbreaking innovations to fight climate change.William spoke to the finalists — all whom are attending the ceremony for the first time for networking opportunities — at Gardens by the Bay, an artistic horticulture attraction. The winners are grouped into five categories: nature protection, clean air, ocean revival, waste elimination and climate change.The finalists included a U.S. company that found a way to recycle polycotton fabrics, which makes up half of all textile waste. Others were an Indian company producing solar-powered dryers to help small farmers preserve crops and combat food waste; a scheme to plant, grow and digitally track trees in Sierra Leone’s capital Freetown where 70% of trees have been cut down amid urban sprawl; an anti-smog movement in...

Japan and UK ministers are to discuss further deepening of security ties on the sidelines of G7

Published Fri, 27 Dec 2024 13:29:33 GMT

TOKYO (AP) — Japanese and British foreign and defense ministers are to talk Tuesday about deepening their military cooperation under a new security pact that allows their militaries to enter each other’s turf for joint exercises.Japan and Britain have expanded their cooperation in recent years amid concern about China’s growing influence. Japan, whose only treaty ally is the United States, has signed the Reciprocal Access Agreement with Australia and the U.K. so far, making them semi-allies.The talks in Tokyo among Japanese Foreign Minister Yoko Kamikawa and Defense Minister Minoru Kihara and Britain’s Foreign Secretary James Cleverly and Defense Secretary Grant Shapps are the first since the RAA took effect in mid-October. They are meeting on the sidelines of the meeting of foreign ministers from the Group of Seven advanced nations Tuesday and Wednesday that are expected to focus on the Israel-Hamas war, the Russia-Ukraine war and tension in the Indo-Pacific region. The four ...

WeWork seeks bankruptcy protection, a stunning fall for a firm once valued at close to $50 billion

Published Fri, 27 Dec 2024 13:29:33 GMT

NEW YORK (AP) — WeWork has filed for Chapter 11 bankruptcy protection, a stunning fall for the office sharing company once seen as a Wall Street darling that promised to upend the way people went to work around the world.The company offered few specifics about the course of its restructuring, but noted in its filing that it was requesting the ability to cancel leases in particular locations that WeWork described as largely non-operational. All affected members have received advanced notice, the company said in a late Monday announcement.The Associated Press

Next autumn disturbance in the Plains is Chicagobound Tuesday night and Wednesday rain

Published Fri, 27 Dec 2024 13:29:33 GMT

Cooler late week and weekend pattern to follow — but next week's temperatures to surge temps 10 degrees above normalHURRICANE OTIS — 250-MPH WIND GUST!A 205 mph wind gust measured in western Mexico as Hurricane Otis roared into Acapulco last week, after unexpected intensification from a tropical storm status (65 mph winds) to a 165 mph CAT 5 hurricane, may rank as one of the top 10 or 15 strongest surface wind gusts on record on The Earth Story.Interestingly, the Washington Post's Dan Stillman reported last week:"The strongest wind on record is a 253 mph gust on Barrow Island in Australia during Tropical Cyclone Olivia on April 10, 1996, according data from the World Meteorological Organization. Before then, Mount Washington held the wind record with a 231 mph gust on April 12, 1934. And more recently, a 213 mph gust was measured on Orchid Island in Taiwan last month during Typhoon Koinu." But what transpired as Hurricane Otis lambasted the Mexican tourist mecca of Acapulco was righ...

What’s biggest difference in Gophers men’s basketball after last two season openers?

Published Fri, 27 Dec 2024 13:29:33 GMT

The Gophers’ 27-point lead over Bethune-Cookman had been cut to 11 with less than four minutes left in the season opener on Monday.During a media timeout, Minnesota’s best player and new vocal leader Dawson Garcia emphasized not getting complacent against a low-major opponent. Afterward, the U built the lead back up for an 80-60 win at Williams Arena.“That’s something last year’s team wasn’t doing,” Garcia said.As a 17-point favorite, Minnesota (1-0) had built a huge lead and overcome a somewhat threatening comeback to dispatch a Bethune-Cookman team picked to finish ninth in the 12-team Southwestern Athletic Conference (SWAC).In last year’s opener, Minnesota had its hands full in a 61-60 win over Western Michigan, which foreshadowed last-place conference finishes for both teams.“We are better (this year) in terms of our confidence,” head coach Ben Johnson said about a year-over-year comparison. “Again, that comes wit...

Incriminating comment helps solve 1993 cold case Arnold, Missouri murder

Published Fri, 27 Dec 2024 13:29:33 GMT

ARNOLD, Mo. -- A murder mystery that haunted the Arnold Police Department for nearly 30-years is now coming to light. The two detectives credited with solving the Steve Weltig homicide spoke with FOX 2 about how they cracked the cold case.The case dates back to April 23, 1993 at what was then Ajax Liquor on Jeffco Boulevard.The owner of the store, Steven Weltig, 40, had been shot in the head.For days, Major Case Squad detectives poured over evidence in the case in search of a suspect. There were several leads, including a suspect sketch, but no concrete evidence leading to a killer.Eventually, the Arnold Police Department took over the case, with different detectives assigned over the years. It wouldn’t be until 2020 that two detectives had the key to solving the case.Corporal Brett Ackermann and Det. Corporal Josh Wineinger listened to a 2015 police interview with a man named Loril Harp. Harp was known to authorities as an enforcer, someone who collected debts and dealt drugs.To Ac...

Stray bullet from I-70 gun battle hits car

Published Fri, 27 Dec 2024 13:29:33 GMT

FERGUSON, Mo. -- The City of Ferguson's police chief is speaking out against violent crime after a stray bullet from a nearby gun battle hit a man's car as he drove down Interstate 70 early Sunday morning. Chief Troy Doyle tells FOX 2 this most recent act of reckless violence has him fed up.“I think now people are starting to recognize that we need police,” Doyle said.  Doyle took over as Ferguson’s chief of police in April after 30 years with the St. Louis County Police Department, the same agency investigating this incident. Former Missouri teacher speaks out on OnlyFans account, made nearly $1 million A St. Louis County Police Department spokesperson tells FOX 2 the shooting happened around 5 a.m. Sunday on I-70 near the Lucas and Hunt bridge. They said two cars headed westbound exchanged gunfire. One of those bullets hit a man's car who was driving eastbound, forcing him to pull over and call police. They said the driver was not injured.  Another victim in the shooting, an adu...