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Peloton Stock Plunges After Unveiling $1 Billion Loan to Refinance Debt

Peloton CEO Barry McCarthy to Step Down While the Company Faces a Series of Layoffs Due to Low Profits

Peloton undergoes leadership change with CEO Barry McCarthy stepping down, accompanied by layoffs of 15% of staff, following disappointing fiscal third-quarter results.


Australia: Real Estate Agent Sells Wrong House to Homeowner; Agency John O'Neil & Son Also to Blame

A real estate agent in Australia sold the wrong house to a homeowner, leading to a thousand-dollar fine. Here are other details.

Novo Nordisk's Q1 Profit Surges 28%, Thanks To Booming Demand for Weight Loss Drugs

Novo Nordisk exceeded profit expectations in Q1 2024 with a 28% surge in net profit, driven by Wegovy's success.

Solar Philippines Founder Leandro Leviste Acquires 8.5% Stake in ABS-CBN Worth P76.5M

Renewable energy entrepreneur Leandro Leviste expands into media, acquiring an 8.5% stake in ABS-CBN Corp., with personal ties to former anchor Loren Legarda.


Latest News

Australian Driver Collapsed to Floor After Receiving Massive Fine Over Mobile Detection Showing Him Using Cellphone While Driving
An Australian driver collapsed after receiving a fine due to a mobile detection camera catching him using his phone while driving.
Southwest Flight Attendants Among Highest Paid in Industry After Scoring New Contract
Southwest flight attendants have successfully ratified a new four-year contract, which includes a significant 22.3% raise, according to the Transport Workers Union.
Icons: Airbnb Launches Hollywood-Theme Houses Inspired From ‘Up,’ ‘X-Men 97’ Mansion
Airbnb is expanding its reach into the world of entertainment, specifically film and television, through its latest venture called Icons.
Pentagon Orders Cost-Cutting Measures for LGM-35A Sentinel ICBM Program
US intelligence allegations about Russia's development of a space-based nuclear weapon were a major topic of debate during a Senate hearing on May 1.
FTC Set to Approve Major ExxonMobil Deal With Pioneer But With Board Twist
Three sources say Exxon Mobil will ban an oil executive involved in a price-fixing case from joining its board after buying Pioneer Resources.
Uber Sued by London Black Cab Drivers for £250 Million Over Taxi Booking Rules
Uber is facing a multi-million-pound lawsuit filed by nearly 11,000 black cab drivers in London, England.
Australia's Macquarie Bank Terminating Cash Transactions in All Branches as It Shifts to Fully Digital Banking Services
Australia's Macquarie Bank will eliminate the use of cash at its branches later this month as part of its transition to a fully digital offering.
Joe Biden Administration Sanctions Hundreds of Companies to Choke Russia's Supplies of Military Technology
The administration of President Joe Biden has announced nearly 300 new sanctions targeting international suppliers of military equipment technology accused of helping Russia in its war against Ukraine.
Missouri Residents Inch Closer to Voting to Minimum Wage Increase
Missouri residents may have the opportunity to vote on a potential increase to the minimum wage this November.
restaurant
A new rule banning hidden service fees may oblige some California restaurants to remove them from customers' bills.
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