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Macy’s Gennette to retire; Bloomingdale’s Spring is new CEO

Published Tue, 25 Feb 2025 01:19:44 GMT

Macy’s Chairman and CEO Jeff Gennette will retire at the end of the fiscal year, and will be succeeded by Bloomingdale’s Chairman and CEO Tony Spring.Gennette, 61, guided the retailer through the pandemic after taking the top job at Macy’s in March 2017. He became chairman the following year. Spring, 58, will become president and CEO-elect immediately, according to a regulatory filing on Wednesday, and is expected to be appointed as permanent CEO in February. He will take a board seat on Saturday and will have an annual salary of $1 million, plus incentives. Spring has been an executive vice president since 2021. Macy’s board, which currently has 14 members, will increase its size to 16 directors.Macy’s Chief Financial Officer Adrian Mitchell will be taking on the additional role of chief operating officer. The 49 year-old has been CFO since 2020. Macy’s Inc. is based in Cincinnati, Ohio. Shares slipped 2% before the opening bell Wednesday. Source

Telesat: Q4 Earnings Snapshot

Published Tue, 25 Feb 2025 01:19:44 GMT

OTTAWA, Ontario (AP) — OTTAWA, Ontario (AP) — Telesat Corporation (TSAT) on Wednesday reported earnings of $17 million in its fourth quarter.The Ottawa, Ontario-based company said it had net income of $1.30 per share.The satellite communications company posted revenue of $152.2 million in the period.For the year, the company reported a loss of $18 million, or $1.46 per share. Revenue was reported as $583.9 million._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on TSAT at https://www.zacks.com/ap/TSATSource

Stakes high for Anthony Joshua ahead of fight with Franklin

Published Tue, 25 Feb 2025 01:19:44 GMT

One minute he’s talking about a blockbuster, all-British heavyweight fight with Tyson Fury.The next he’s looking forward to “loving life” in retirement, free from the pressure of an expectant public.Such are the stakes for Anthony Joshua in a fight that comes at a crossroads in his career.Coming off consecutive losses to Oleksandr Usyk, the former two-time world champion takes on American boxer Jermaine Franklin at London’s O2 Arena on Saturday for a non-title bout that is bigger than it appears at first glance.If Joshua loses, his career is pretty much in ruins. OK, he could still sell fights — he has been a huge draw in Britain for a decade, ever since he won Olympic gold at the London Games in 2012 — but he will no longer have the credibility to go along with the hype.And, to be sure, the hype was justified in his golden period from 2016-18 when he won seven straight world title fights, including an epic against Wladimir Klitschko in front of 90,000 spectators in 2017, to allow h...

Tottenham official Fabio Paratici to serve worldwide ban

Published Tue, 25 Feb 2025 01:19:44 GMT

MANCHESTER, England (AP) — Tottenham managing director of football Fabio Paratici will serve a worldwide ban for his part in a false accounting scandal involving Juventus, FIFA said Wednesday.Italy’s most famous soccer team was hit with a 15-point penalty in January and bans were handed out to a number of its officials, including former president Andrea Agnelli and former CEO Maurizio Arrivabene.Paratici, who had already left his role as sporting director and taken up a new position at Tottenham, was handed the longest ban of 2½ years by the Italian soccer federation. That has now been extended worldwide.“FIFA can confirm that following a request by the Italian FA (FIGC), the Chairperson of FIFA’s Disciplinary Committee has decided to extend the sanctions imposed by FIGC on several football officials to have worldwide effect,” the governing body said.The decision will have a significant impact on Tottenham at a time when the Premier League club is conducting a search for a new...

What is the difference between altitude and elevation?

Published Tue, 25 Feb 2025 01:19:44 GMT

DENVER (KDVR) -- Denver is located at 5,280 feet above sea level, which is why it is called the Mile High City.Terms like altitude and elevation get tossed around a lot in Colorado and are generally used interchangeably. But have you ever wondered what the difference, if any, there is between the two? Colorado town named best for a summer vacation What is the difference between altitude and elevation?Meteorologist Chris Tomer said that altitude and elevation are not interchangeable terms from a technical standpoint.The elevation of a town does not change, but the air pressure or altitude does change all the time based on air pressure. Cashier arrested in $500,000 Monarch Casino theft "For example, you might climb a 14er (the elevation of the 14er doesn't change), but if an area of low pressure (a storm system) moves in, then the altitude of the peak increases. You're effectively climbing a 15er or higher. That's what your body feels," Tomer explained.Tomer said that i...

Universal pre-K extending release of first-round matching

Published Tue, 25 Feb 2025 01:19:44 GMT

DENVER (KDVR) — An update for parents with pre-K-aged children, the Colorado Department of Early Childhood is extending the release of first-round matching until next month.That new date is now April 26.This additional time will help maximize the likelihood of families receiving their first or second choice and give families and providers more time to fully consider their capabilities and preferences. Paralyzed cat duo looking for forever home The free universal preschool program was voter-approved and will launch this fall. It's expected to save families thousands of dollars each year and increase access to pre-K education.Since launching the application in January, around 30,000 families have signed up to participate and almost 2,000 providers have chosen to participate.Denver's preschool program is also increasing the tuition credits by nearly 15% for the upcoming school year which will go to help with the expansion of the program.Families are being matched with providers throu...

New plan calls for 2M electric vehicles in Colorado by 2035

Published Tue, 25 Feb 2025 01:19:44 GMT

DENVER (KDVR) — A new plan from the Colorado Department of Transportation and Energy called for a drastic increase in the number of electric vehicles in Colorado in the not-too-far future.The Colorado Electric Vehicle Plan envisions 2 million electric cars and SUVs on Colorado roads by 2035. That’s just 12 years away.The plan also calls for 1,700 public fast-charging ports to be installed around the state. Almost 6,000 level-2 chargers would also be deployed.   What is the difference between altitude and elevation? The charging grid has been one of the greatest challenges for current EV owners.The plan also envisions that 30% of all truck sales be electric by the year 2030. Some in the trucking industry said that number is not feasible.Currently, there are 70,000 electric vehicles registered in Colorado. That’s only 2% of all the vehicles in the state.  Gov. Jared Polis said the goals are possible if state lawmakers continue to offer incentives and tax credits to people buying EVs.

Denver Police chief addresses SROs, possible solutions at community discussion

Published Tue, 25 Feb 2025 01:19:44 GMT

DENVER (KDVR) — The Denver Police chief and Colorado attorney general joined an auditorium of concerned families for a community conversation on youth gun violence.A panel of those in charge of protecting Denver’s youth, supporting them in school and studying their minds took part in the discussion at New Hope Baptist Church Tuesday night. The panel formed to answer questions following the latest double shooting at East High School and included:Phil Weiser, Colorado attorney generalRon Thomas, chief of police, City and County of DenverKym Perkins, dean of students, East High SchoolDr. Marjorie Lewis, PhD., D. Min., LMFT, LAC, behavioral economist/public policy analyst, Behavioral Health AcademyDr. Anthony Young, president of Denver-Rocky Mountain Association of Black Psychologists Herman White Jr., chairman of the Board of Pirates Youth Football ProgramLakeisha Hodge, founder of Struggle of Love FoundationMembers of the Young Black Men group at East High School“I'm less concern...

Police investigating after shots fired in NW Miami-Dade

Published Tue, 25 Feb 2025 01:19:44 GMT

Miami-Dade Police officers taped off a portion of Northwest 44th Street near Northwest 22nd Avenue to investigate after a man was shot, Wednesday morning.Reports of the incident came in around 6 a.m. and now police officers are investigating a house on the street. A car on the street with its lights on was also being investigated by authorities. Evidence markers were seen next to the vehicle which normally indicates some kind of shooting.Neighbors expressed concern to 7News and said the car belongs to an older man who lives in the house being investigated. They do not know if he is connected to this incident. Just after 6 a.m., rescue crews transported a man in stable condition to Jackson Memorial Hospital.Police have not released information on a possible suspect.Please check back on WSVN.com and 7News for more details on this developing story.

Popeyes releases Strawberry Biscuits for limited time

Published Tue, 25 Feb 2025 01:19:44 GMT

Popeyes is bringing a sweet twist to its iconic biscuits with the launch of the new Strawberry Biscuits. The new menu item adds a fruity dessert twist to the classic buttery and flaky Popeyes biscuits.The Strawberry Biscuits, which was released on Monday, will be available for a limited time at participating restaurants across the country. The treat balances sweet and salty flavors, with the classic biscuits filled with delicious strawberry bits and topped with creamy icing. The new biscuits start at $1.79 each, or you can opt for a deal with two biscuits for $2.99 or four biscuits for just $5.39.“The Strawberry Biscuits offer the perfect combination of our classic, buttery biscuits and the flavor of ripe, fruity strawberries,” said Vice President of Culinary Innovation Amy Alarcon in a news release. “They are the perfect treat to make your day a lil’ sweeter.”