The family of Ryan Gainer, a 15-year-old boy with autism who was shot and killed by San Bernardino County sheriff's deputies outside his Apple Valley home this month, has filed a wrongful death suit against the county, attorneys announced during a news conference. Thursday. The claim, which indicates the family plans to sue the county, says legal action could focus on allegations of assault, battery, false imprisonment, neglect and intentional infliction of emotional distress. “Under no circumstances should a 15-year-old autistic boy using a gardening hoe be shot and killed without taking the time to calm the boy before using…
Author: ricardofrancois
After three years of fundraising, the Global Fund finally closed its first fund of €300 million, €50 million short of its 2021 target, but still a large number given the backdrop of war and economic uncertainty. The venture capital originally emerged from the founders of the independent search engine Ecosia, where search queries funded tree planting. If you're looking for comparisons, Norrsken VC is a $130 million impact venture capital covering climate, while Demeter Partners last raised a €250 million climate-focused fund. The global fund will be supported by the European Investment Fund (which provided €50 million), KfW Capital, Wachstumsfonds,…
FedEx raised its full-year earnings guidance, sending shares soaring 12 percent in after-hours trading Thursday, even though the company missed sales and profit forecasts for the latest quarter.The logistics group, a global growth leader, forecast adjusted earnings of $17.25 to $18.25 per share for the fiscal year, up from a previous forecast issued in December, when it warned of slowing demand.In the third quarter, FedEx reported net income of $879 million and revenue of $21.7 billion.“FedEx delivered another quarter of improved profitability in a challenging demand environment,” CEO Raj Subramaniam said Thursday. He also attributed the improvement in margins to…
After years of bureaucratic delays, the state board overseeing workplace safety standards was expected Thursday to adopt rules requiring employers to protect their workers from excessive heat in indoor workplaces.Under the proposed rules, employers would have to provide cooling areas and monitor workers who take cooling breaks for signs of heat illness when indoor temperatures reach or exceed 82 degrees. If temperatures rise to 87 degrees, or workers are forced to work near hot equipment, employers will be tasked with taking additional safety precautions to either cool the wider work site, allocate more rest periods, rotate workers, or make other…
NikeThe retailer's sales in China continued to slow during the holiday quarter, but the retailer beat estimates on profit and loss, helped by better-than-expected growth in North America and price changes.Here's how the company will perform in the third quarter of fiscal 2024 compared to what Wall Street was expecting, based on a survey of analysts conducted by LSEG, formerly known as Refinitiv:Earnings per share: 77 cents vs. 74 cents expected Revenue: $12.43 billion vs. $12.28 billion expectedThe company's reported net income for the three-month period ended Feb. 29 was $1.17 billion, or 77 cents per share, compared with $1.24…
Open Editor's Digest for freeRula Khalaf, editor of the Financial Times, picks her favorite stories in this weekly newsletter.The legal standoff between Donald Trump and a former business partner has come to a head, with a vote set to determine whether or not the former US president can cash in on a potential $3.5 billion windfall by getting the company behind his Truth Social network.A shareholder vote to approve a deal between a special purpose acquisition company called Digital World Acquisition Corporation and Trump Media & Technology Group is scheduled for Friday. But Patrick Orlando, whose Arc Global Investments is…
Check out the companies making headlines after the bell: Nike – Stock prices reversed and fell 5% after the sneaker retailer noticed its sales in China were slowing. Last quarter, Nike beat Wall Street expectations. The company reported earnings of 77 cents per share on $12.43 billion in revenue, beating the 74 cents per share on revenue of $12.28 billion expected by analysts surveyed by LSEG. FedEx and United Parcel Services — Shares rose nearly 13% after the shipping company beat quarterly earnings expectations. FedEx reported adjusted earnings of $3.86 per share, higher than the $3.45 per share that analysts…
Open Editor's Digest for freeRula Khalaf, editor of the Financial Times, picks her favorite stories in this weekly newsletter.Nike will replace Adidas as sponsor of the German national soccer team, bringing an end to one of the sport's longest-running kit partnerships in a new setback for the struggling brand. Nike will become the new main kit supplier for all national football teams from 2027 after signing a seven-year contract with the world's largest sportswear maker, the German Football Association announced on Thursday afternoon. It will be the first time since 1950 that German national footballers will not wear the distinctive…
Intuitive Machines' second moon mission is still on track to launch before the end of this year, after the company had to make only minor modifications to the design of its lunar lander, executives said during an earnings call Thursday. The company made history earlier this year when it became the first commercial company to land a spacecraft on the moon. That mission, called IM-1, was not without its quirks — the lander eventually became too hot and ended up on the surface — but it demonstrated the basic components of the lander, engine, and subsystems. The same class of…
The three most powerful Democrats in the state Capitol came out on Wednesday with a bizarre announcement. It boils down to this: They're working on a plan to address the state's massive budget shortfall by making some spending decisions this spring, well before the June deadline to pass the budget.But they did not say how much their plan would close the deficit — only that it would be in the range of $12 billion to $18 billion — or specify what cuts they would make.The announcement was strange because it just asserted the obvious — with a deficit of at…