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Shipping company Maersk to slash 10,000 jobs, citing the difficult container trade environment

Published Mon, 11 Nov 2024 16:27:28 GMT

COPENHAGEN, Denmark (AP) — Maersk, the world’s biggest shipping company, said Friday that it plans to eliminate 10,000 jobs due to what it described as a challenging environment for container trade and logistics services. The company said the move would result in savings of $600 million in 2024.The announcement was made as Copenhagen-based Maersk presented its quarterly report, which listed profits before taxes at $691 million, down from $9.1 billion for the same period last year. The report cited “challenging market conditions resulting in substantially lower freight rates compared to the abnormally high rates in 2022.”A.P. Moller-Maersk CEO Vincent Clerc said the company will continue to streamline its organization and operations. ”Our industry is facing a new normal with subdued demand, prices back in line with historical levels and inflationary pressure on our cost base,” Clerc said. “Given the challenging times ahead, we accelerated several cost- and cash- containment measures ...

GrafTech: Q3 Earnings Snapshot

Published Mon, 11 Nov 2024 16:27:28 GMT

BROOKLYN HEIGHTS, Ohio (AP) — BROOKLYN HEIGHTS, Ohio (AP) — GrafTech International Ltd. (EAF) on Friday reported a loss of $22.6 million in its third quarter.On a per-share basis, the Brooklyn Heights, Ohio-based company said it had a loss of 9 cents. Losses, adjusted for non-recurring costs, came to 8 cents per share.The maker of graphite products posted revenue of $159 million in the period._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on EAF at https://www.zacks.com/ap/EAFSource

Parts of I-70 closed for serious car crash

Published Mon, 11 Nov 2024 16:27:28 GMT

DENVER (KDVR) -- An early morning car crash closes all lanes of eastbound I-70 near Routt St.On Friday at 2:30 a.m., two vehicles were involved in a crash on I-70 with reports of significant injuries. Shot fired, deputies chase vehicle potentially involved in a kidnapping All lanes of eastbound I-70 are closed at Ward Rd. Vehicles are being directed off the highway at this location.Traffic reporter Drew Engelbart recommends using 6th Avenue or Colfax instead.This is breaking news. The post will be updated when more information becomes available.

Shot fired, deputies chase vehicle potentially involved in a kidnapping

Published Mon, 11 Nov 2024 16:27:28 GMT

DENVER (KDVR) -- Deputies chased a vehicle potentially involved in a kidnapping in Weld County which led to a deputy firing their weapon early Friday morning.On Thursday night, Fort Collins Police Services received information on a vehicle involved with a possible kidnapping in Weld County. Local law enforcement was advised to be on the lookout.Per the Larimer County Sheriff's Office Public Information Office report, the incident started early Friday morning when the Larimer County Sheriff’s Office located a potential match for the vehicle near Shields Street and Elizabeth Street.The driver refused to stop after deputies turned on their sirens and deputies tracked the vehicle for several miles through west Fort Collins.After 1 a.m. on Friday, a deputy set up tire spikes at the intersection of Horsetooth Road and College Avenue. Rep. Ken Buck explains speaker vote, talks death threats The suspect drove at the deputy and the deputy fired their weapon.The vehicle drove awa...

Denver weather: Staying mild with afternoon sunshine

Published Mon, 11 Nov 2024 16:27:28 GMT

DENVER (KDVR) - After some morning clouds, mainly sunny skies are back across Denver on Friday afternoon as highs warm into the upper 60s.Weather today: Sunshine and comfyPartly cloudy skies stick around for the first half of Friday, but the clouds clear and make for mainly sunny skies this afternoon. Highs will be above average in the upper 60s with a brief breeze mid-afternoon.Denver weather on Nov. 3, 2023 (KDVR)Weather tonight: Mainly clear skiesSkies stay mostly clear Friday night, but lows will be mild as Denver dips into the middle 30s. The Mile High City could see a few spots across the metro that dip to freezing. Winds will also be light overnight. Spirit Airlines to end service at Denver International Airport Denver weather on Nov. 3, 2023 (KDVR)Looking ahead: Nice weekend before rain next weekDenver kicks off the weekend with plenty of sunshine on Saturday afternoon as highs are comfortable in the middle 60s. Denver should see even warmer weather on Sunday afternoon as ...

Nike introduces ‘Swoosh One’ shoe for toddlers learning to walk

Published Mon, 11 Nov 2024 16:27:28 GMT

Nike is launching a new shoe designed to help toddlers take their first steps. The Nike “Swoosh One” is the company’s inaugural toddler shoe created to assist with early walking. It features collapsible heels, making it easier for parents to put on and take off, while also promoting a child’s natural gait development.What sets this shoe apart is its endorsement by the American Podiatric Medical Association, emphasizing its commitment to supporting healthy foot development in young walkers. Available in sizes ranging from 3C to 7C, the Nike Swoosh One aims to be a stylish and practical choice for parents looking to provide the best for their little ones.

‘Like the Hulk’: Body cam footage shows police officers lift car off man trapped underneath in Cape Coral

Published Mon, 11 Nov 2024 16:27:28 GMT

CAPE CORAL, Fla. (WSVN) — Cape Coral police officers demonstrated incredible strength and determination as they saved a man trapped under his own car.On Monday evening, Carlos Romero was assisting his father-in-law, Francisco, with a car repair project in their Cape Coral driveway. As they worked on replacing the transmission cable, the only thing supporting the car were ramps, which unexpectedly failed, causing the car to collapse onto Francisco.Desperate to free his father-in-law, Romero tried everything he could think of, including using another jack to lift the car slightly. “Then I grabbed another jack from that car and that one was better. At least I had the car a little separate from the body,” said Romero.However, as Francisco lay unconscious and barely breathing, the situation grew increasingly dire.“But if that had continued to weigh on him like that, he probably would have lost his life,” said Mercedes Phillips, with Cape Coral Police. Cape C...

Humza Yousaf’s in-laws escape Gaza via Rafah crossing

Published Mon, 11 Nov 2024 16:27:28 GMT

LONDON — Scottish First Minister Humza Yousaf’s parents-in-law were given permission to use the Rafah crossing out of Gaza today after weeks trapped in the war zone. The Scottish National Party leader’s in laws Elizabeth and Maged El-Nakla were in Gaza when Hamas launched its surprise attacks on Israel on October 7, stranding them in the region. Yousaf announced earlier this week that they had run out of clean water. In a statement, Yousaf and his wife Nadia said: “We are very pleased to confirm that Nadia’s parents were able to leave Gaza through the Rafah Crossing this morning. “These last four weeks have been a living nightmare for our family, we are so thankful for all of the messages of comfort and prayers that we have received from across the world, and indeed from across the political spectrum in Scotland and the U.K.The couple added that they feel a “sense of deep personal relief,” but are “heartbroken at the continued suffering of the people of Gaza.”...

3rd suspect arrested in Holyoke shooting that left woman hospitalized, infant dead

Published Mon, 11 Nov 2024 16:27:28 GMT

A third man wanted in connection with a shooting in Holyoke last month that left a pregnant woman hospitalized and her infant dead has been arrested, officials said Friday.Kermith Alvarez, 28, of Holyoke, turned himself over to police on a murder charge in connection with the Oct. 4 shooting on Sargent Street, according to a statement issued by the Hampden District Attorney’s Office.Johnluis Sanchez, 30, of Holyoke, has been ordered held without the right to bail on a murder charge for his suspected involvement in the shooting. Alejandro Ramos, 22, of Holyoke, was also arraigned on a murder charge and is being held without the right to bail.Prosecutors say it appears the three men were in a fight when the shooting occurred.

Live updates | Blinken urges pause in fighting as Israeli troops tighten encirclement of Gaza City

Published Mon, 11 Nov 2024 16:27:28 GMT

By The Associated PressU.S. Secretary of State Antony Blinken met with Israeli Prime Minister Benjamin Netanyahu on Friday to press for a humanitarian pause in the fighting with Hamas, as Israeli troops tightened their encirclement of Gaza City.Tensions escalated along the northern border with Lebanon ahead of a speech planned later Friday by Hassan Nasrallah, the leader of Hezbollah, an Iranian-backed Hamas ally. It is his first public speech since Hamas attacked Israel last month, stoking fears the conflict could become a regional one.Roughly 800 people — including hundreds of Palestinians with foreign passports and dozens of injured — have been allowed to leave the Gaza Strip via the Rafah crossing under an apparent agreement among the U.S., Egypt, Israel and Qatar, which mediates with Hamas.Israel has allowed more than 260 trucks carrying food and medicine through the crossing, but aid workers say it’s not nearly enough. Israeli authorities have refused to allo...