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Stagecoach Group, a UK-based travel company, first launched Megabus in the UK in 2003 and then brought it to the US in 2006. Along with Greyhound, Megabus became one of the two mega-carriers in the United States. The intercity bus industry is not in complete disarray, but things are not going great there. Bus industry insiders also note that they're often treated as an afterthought by policymakers even though they carry tens of millions of people each year. He emphasized that bus travel can be environmentally sustainable, too, compared to everyone driving their own cars or flying.
Persons: Megabus, Andrew Savikas, Peter Pan, John Stepovy, FlixBus, Joseph Schwieterman, Schwieterman, hadn't, Scott Michael, it's, Michael, Kai Boysan, BoltBus, Fred Ferguson, who's, Ferguson, It's, They've, They're, I'd, Wanderu, Stepovy, Emily Stewart Organizations: Coach USA, Equity, USA, Stagecoach Group, Greyhound, North America, DePaul University, Stagecoach, Fullington Trailways, US, United Motorcoach Association, FlixMobility, Flix, American Bus Association, Lake Holdings, Alden Global Capital, Atlantic City, Day, Labor, Business Locations: Los Angeles, Chinatown, Busbud, United States, Asia, Flix North America, Wanderu, Philadelphia, Dallas, Chicago, Cleveland, Boston, New York, FlixBus
Boeing should be kicked out of the Dow
  + stars: | 2024-09-11 | by ( Chris Isidore | ) edition.cnn.com   time to read: +6 min
The United States is no longer primarily an industrial economy, and the changes in the index over the last 126 years reflect that evolution. Beyond that, there are two other major issues indicating that Boeing no longer belongs in the Dow. Trying to stay relevantBoeing obviously wasn’t an early component of the Dow — the index started seven years before the first plane flew at Kitty Hawk, and 20 years before Boeing was incorporated. In 2020, the Dow dropped ExxonMobil, then struggling with low oil prices during the pandemic, and added tech company Salesforce, then on a tear. Boeing declined to comment when asked about its membership in the Dow.
Persons: , Ron Epstein, Dow, Max, That’s, Sam Stovall, Kitty Hawk, , ” Stovall, Stovall, Organizations: New, New York CNN, Dow Jones, New York Stock Exchange, Nasdaq, Boeing, Bank of America, Steel, Disney, Dow, Alaska Airlines, Federal Aviation Administration, CFRA Research, Electric, Lockheed, GE, GE Aerospace, ExxonMobil, Airbus Locations: New York, United States, Alaska, Ukraine
Australian property listing firm REA Group said on Wednesday that Britain's largest real estate portal Rightmove had rejected its 5.6 billion pounds ($7.32 billion) cash-and-stock takeover offer. REA shares dropped 1.25% in early trade on Wednesday. The offer consisted of 305 pence in cash and 0.0381 new REA shares and was non-binding and subject to due diligence. REA said had a deal been completed, Rightmove shareholders would have owned about 18.6% of the combined group. The cash component of the deal was due to be funded by debt and existing cash, REA said.
Persons: REA, Rightmove, Entcho Raykovski, Raykovski Organizations: Rupert Murdoch's News Corp, Reuters, Jefferies, Australian, REA Locations: London
Read previewA Neom executive reportedly complained about having an emergency meeting on a Sunday evening following the deaths of three employees working on Saudi Arabia's megaproject estimated to cost between $500 billion and $1.5 trillion, according to a bombshell Wall Street Journal report. Wayne Borg, a former Fox Corp executive, reportedly described Neom's blue-collar workers from the Indian subcontinent as "f—ing morons" and said "that is why white people are at the top of the pecking order." This story is available exclusively to Business Insider subscribers. Citing current and former Neom employees, the Journal reported that three workers were killed by a falling pipe, a collapsing wall, and mishandled explosives. Neom told the Journal it has a zero-tolerance policy toward inappropriate workplace behavior.
Persons: , Wayne Borg, we've, Borg, Prince Mohammed bin Salman's, Neom Organizations: Service, Saudi, Fox Corp, Business, Journal, BBC, Neom Locations: Saudi Arabia, Saudi
BurgerFi files for Chapter 11 bankruptcy
  + stars: | 2024-09-11 | by ( Ramishah Maruf | ) edition.cnn.com   time to read: +3 min
New York CNN —Fast casual chain BurgerFi filed for Chapter 11 bankruptcy Wednesday after months of reporting financial distress. BurgerFi, filing for bankruptcy protection in the U.S. District Court for the District of Delaware, said all of its corporate locations will operate normally. Franchise-owned locations are exempt from the bankruptcy filing, the company said in a press release. A common route is Chapter 11 bankruptcy, which allows the company to solve its financial problems through reorganization. According to the bankruptcy filing Wednesday, BurgerFi estimates it had between $100 million and $500 million in liabilities, but only $50 million to $100 million in assets.
Persons: Burger, BurgerFi, andexpected, , , Jeremy Rosenthal, ” BurgerFi Organizations: New, New York CNN, District of, Anthony’s Locations: New York, McDonald’s, U.S, District of Delaware, Florida
CNN —Police in Nashville are crediting rock legend Jon Bon Jovi with coming to a woman’s aid on the Seigenthaler Pedestrian Bridge on Tuesday night. Bon Jovi, accompanied by an unidentified person, appears to speak with the woman in distress and eventually helps lift her back over the ledge to safety. CNN reached out to a representative for Bon Jovi for comment. A source close to the situation told CNN on Wednesday that Bon Jovi was filming a music video on the public bridge when the incident occurred. Bon Jovi has experience and training in helping individuals in times of crisis thanks to his JBJ Soul Foundation, which he started in 2006.
Persons: Jon Bon Jovi, , John Drake, Bon Jovi Organizations: International Association for Suicide Prevention, Befrienders, CNN — Police, Nashville Metro Police, Nashville Police, Nashville Metro Police Department, CNN, Foundation Locations: Nashville, Cumberland, Bon
Read previewGoogle cofounder Sergey Brin said engineers at the tech company aren't using artificial intelligence as often as he thinks they should. Brin said he was curious about how good Google's AI model would be at Sudoku. "Because they don't honestly use the AI tools for their own coding as much as I think they ought to." As search competition continues to heat up, Google recently updated its AI Overviews, which is a feature that produces AI-generated answers in response to a Google search. Earlier this month, BI reported that junior software developers are likely to see the most immediate changes to their workflow, with AI tools potentially changing the way newbies gain developer skills.
Persons: , Sergey Brin, Brin, David Friedberg, Chamath Palihapitiya, Jason Calacanis, David Sacks, I've, AI's, " Brin, we've, hasn't, OpenAI, Friedberg, Elon Musk Organizations: Service, Business, Google, Engineers, BI, Tesla Locations: Los Angeles, Friedberg
On 9/11, the first meme dropped at 8:56 a.m. "That is a big fucking hole in the World Trade Center sirs!" 9/11 jokes, in other words, often have very little to do with 9/11. AdvertisementUnlike Domineau or those anonymous SomethingAwful posters, many people making and spreading 9/11 memes today are too young to remember 9/11, if they were alive at all. She says 9/11 memes have always been popular with her cohort. Domineau says it's only natural for young people to take 9/11 jokes to the next extreme.
Persons: NAEM, DogWelder, Brad Pitt's, Tyler Durden, monkeu, BUSH, Thom Yorke, THOM, Gilbert Gottfried, Jaroslav Hašek, Jan Chovanec, ike H, oke, hing, hite, ingle, alvin K, amar, laine, hatter, ike Organizations: World Trade Center, Facebook, Twitter, World Trade, United Airlines Flight, Radiohead, Empire, International, of Humor Research, ard, ust Locations: New York, Czech, pec
CNN —Frankie Beverly, who with his band Maze gave the world a an anthem that will forever be tied to cookouts and good times, died on Tuesday, his family announced. Love one another as he would want that for us all,” the statement which was signed by the Beverly family concluded. Howard Stanley Beverly aka Frankie Beverly 12/6/46 - 9/10/24.”No cause of death was shared. Legend has it that Beverly changed his first name to Frankie for the stage in homage to singer Frankie Lymon, who found fame singing doo-wop as part of the group Frankie Lymon and the teenagers. In 1970 Beverly founded the group Maze, which was originally known as Raw Soul.
Persons: Frankie Beverly, Beverly’s, , Howard Stanley Beverly, Love, Beverly, Frankie, Frankie Lymon, Marvin Gaye, , , Jenna Wortham, Wesley Morris’s, ” Beverly, Maze Organizations: CNN, Beverly, Wesley Morris’s New York Times, BET Locations: Philadelphia, East Germantown, ” Beverly
The filing further alleges that Richard witnessed Combs “brutally beat” his then-girlfriend Cassie Ventura, including instances where Richard claims to have seen Combs choke, strangle, slap, punch and strike Venture with objects. “On many occasions, Ms. Richard tried to intervene, offering Ms. Ventura support and encouragement to leave Mr. Combs,” the claim states. Combs was seen earlier this year in a 2016 video published by CNN grabbing, shoving, dragging and kicking Ventura. While working with Combs in this capacity, the claim alleges Richard witnessed multiple instances of Combs committing acts of physical violence against Ventura. Another lawsuit accused his son Christian Combs of sexual assault, and Sean Combs is accused of aiding and abetting.
Persons: Dawn Richard, Danity Kane, Sean “ Diddy ” Combs, , Richard, Combs “, Cassie Ventura, Combs, Ventura, ’ ” Erica Wolff, , Jimmy Iovine, Iovine, ’ ” Sean, Diddy, Dawn Richard of Diddy, Gareth Cattermole, Kalenna Harper, “ Mr, , ” Richard, Christian Combs, Sean Combs Organizations: CNN, MTV, Venture, Ventura, Interscope Records, Interscope, Bad Boy Entertainment, Combs Enterprises, Iovine, Miami, US Justice Department Locations: New York, Ventura
Read previewFormer Sony Computer Entertainment Europe president Chris Deering has a blunt message for recently laid-off game developers: They should "go to the beach for a year" or "drive an Uber" until the job market improves. "You're going to have to figure out how to get through it, drive an Uber, or whatever. His remarks come at a time when layoffs have hit the gaming industry hard. AdvertisementOther game developers, including Microsoft and Unity, have similarly downsized their studios this year, cutting over 3,000 jobs at the start of the year, BI reported in February. This series of layoffs in the game industry stemmed from slumping game sales and a shrinking gaming demographic, BI previously reported.
Persons: , Chris Deering, Deering, Simon Parkin's, Uber, Parkin Organizations: Service, Sony Computer Entertainment, European PlayStation, PlayStation, Business, PlayStation Studios, Microsoft, Unity, Cudo Ventures, Sony Interactive Entertainment, BI Locations: European, Deering
CNBC's Jim Cramer on Wednesday told investors that GameStop increasingly feels like a special purpose acquisition company as the videogame retailer's primary business struggles, but it still manages to raise cash. "Doesn't have to be a full plan, could be the mere idea of a plan, but so far, GameStop doesn't even have that — or if they do, they sure haven't shared it with us." The company managed to turn a profit due to interest on the $4.2 billion it has in cash, not underlying business. He agreed with an analyst from Wedbush who suggested the company close its physical stores and operate as a bank. "Ultimately, GameStop's always vulnerable to a short squeeze because, based on whatever nonsense the memesters can temporarily cook up," Cramer said.
Persons: CNBC's Jim Cramer, haven't, Wednesday's, Cramer, it's, Wedbush, he's, GameStop's Organizations: Wednesday, GameStop
CNN —Australian hockey player Tom Craig has been suspended for 12 months by his country’s sport governing body after attempting to purchase cocaine at the Paris Olympics. Craig was detained by French police last month for trying to buy cocaine in central Paris. He was brought before a French judge, before being released with a criminal warning, Paris prosecutors told CNN at the time. “I’d firstly like to apologize for what has occured in the past 24 hours,” Craig told reporters following his release from the Paris police station. Australia was knocked out at the quarterfinal stage in Paris.
Persons: Tom Craig, Craig, , ” Craig, “ I’ve, I’m Organizations: CNN, Paris, Hockey Australia, Hockey One, FIH Pro League, ” Hockey Australia, Paris police, Australian Olympic, Tokyo Games, Australia Locations: Australian, Paris
New York CNN —Norfolk Southern CEO Alan Shaw was fired for cause by the railroad’s board for “engaging in a consensual relationship with the company’s chief legal officer,” who was also terminated, the railroad announced Wednesday evening. Shaw had been CEO of one of the nation’s four largest freight railroads for just over two years. And he received praise from some past critics of the railroads for steps he took after the February 2023 derailment in East Palestine to improve railroad safety. Still, Norfolk’s actions related to the derailment received harsh criticism from Jennifer Homendy, chair of the National Transportation Safety Board, which investigated the accident. She said Norfolk Southern’s actions following the derailment put first responders and neighbors of the derailment site at unnecessary risk.
Persons: Alan Shaw, , Shaw, , Nabanita Nag, Mark George, Claude Mongeau, Amit Bose, Ancora, Jennifer Homendy Organizations: New, New York CNN, Norfolk, CNN, of Locomotive Engineers, Norfolk Southern, Federal Railroad Administration, National Transportation Safety Board, NTSB Locations: New York, Norfolk Southern, East Palestine , Ohio, Ohio, Norfolk, East Palestine, Shaw
Taylor Swift , post-debate, issued a ringing endorsement of Harris on Instagram. "What a ridiculous joke," read a top comment from a Taylor Swift fan blog based in Jiangsu. You don't have even the slightest bit of respect for women," read a post from another Taylor Swift blog based out of Tianjin. "You've always been so, so warm and supportive," Swift told her Chinese fans during the performance. Musk and representatives for Swift did not immediately respond to Business Insider's requests for comment sent outside regular business hours.
Persons: , Elon Musk, China's, Kamala Harris, Donald Trump, Taylor Swift, Harris, Sen, JD Vance, Trump's, Taylor, Musk, China's Swifties, Swift, You've, Ma Organizations: Service, Business, SpaceX, Swift, Weibo Locations: Instagram, Jiangsu, Tianjin, China
CNN —Justin Timberlake is expected to enter a plea in a driving while intoxicated case related to his June arrest in Sag Harbor, New York, according to the Suffolk County district attorney’s office. Timberlake will appear at a hearing this Friday, marking the singer’s first return to the Hamptons enclave since his arrest. The singer pleaded not guilty to a charge of driving while intoxicated last month, through a virtual court appearance, where the judge suspended his license. Timberlake will plead to a lesser charge, according to the Associated Press. Timberlake has been performing on tour for much of the summer, promoting his most recent album, “Everything I Thought It Was.”This story has been updated.
Persons: Justin Timberlake, Timberlake, Edward Burke, , ” Timberlake, , ” Burke, Elizabeth Wagmeister, Sarah Boxer, Kristina Sgueglia Organizations: CNN, Associated Press, Prosecutors, BMW, Sag Harbor Police Locations: Sag Harbor , New York, Suffolk County, Sag Harbor
During the June debate, the moderators did not correct false claims made by Trump and President Joe Biden. Ahead of Tuesday night’s debate in Philadelphia, ABC News did not commit to live fact-checking, but as the event got underway both anchors stepped in to debunk false claims made by Trump on at least three occasions. He told us there have been no credible reports of specific claims of pets being harmed, injured or abused by individuals within the immigrant community.”“Well, I’ve seen people on television,” Trump argued. “Weird how the hack moderators at @abcnews are only ‘Fact checking’ Trump and allowing Kamala to lie nonstop. The Fake News is the enemy of the people!” Trump’s son, Donald Trump Jr. wrote on X.
Persons: David Muir, Linsey Davis, Donald Trump, Jake Tapper, Dana Bash, Joe Biden, , Harris ’, Tim Walz, ” Trump, , Trump, ” Muir, I’ve, ” “ I’m, there’s, Muir, Biden, Harris, CNN’s Daniel Dale, ” Dale, Candy Crowley, Mitt Romney, Barack Obama, Chris Wallace, NBC’s Kristen Welker, David Chalian, Kamala, Donald Trump Jr, ” Megyn Kelly, podcaster Organizations: New, New York CNN, ABC, CNN, Trump, ABC News, Republican, Fox News, Washington, NBC Locations: New York, Philadelphia, Ohio, Springfield, Springfield , Ohio, Harris
Read previewJamie Lee Curtis said the key to her 40-year-long marriage with filmmaker Christopher Guest is not to leave — even when they hate each other. This story is available exclusively to Business Insider subscribers. She added that "perseverance, patience, gentleness, and a really good dose of hatred" is what she thinks makes a marriage work. Avigail Lev, a San Francisco therapist, previously told Business Insider that couples can follow psychologist John Gottman's "magic ratio of 5:1." A representative for Curtis didn't immediately respond to a request for comment from Business Insider sent outside business hours.
Persons: , Jamie Lee Curtis, Christopher Guest, Curtis, Marlo Thomas, Phil Donahue, Thomas, Donahue, I'm, Annie, Avigail Lev, John Gottman's, Gottman, Lev, Curtis didn't Organizations: Service, Creative, Business, People, Stone, Science, Business Insider Locations: San Francisco
Jon Stewart has weighed in on Kamala Harris' debate performance. Stewart said Harris managed to hit Trump's "most cherished family member" — his rally crowd sizes. AdvertisementJon Stewart said that during the ABC primetime presidential debate, Vice President Kamala Harris managed to hit former President Donald Trump where it hurts. "I'm going to invite you to attend one of Donald Trump's rallies," Harris said during their September 10 showdown. And what you will also notice is that people start leaving his rallies early out of exhaustion and boredom," Harris said.
Persons: Jon Stewart, Kamala Harris, Stewart, Harris, Trump, , Donald Trump, Donald Trump's Organizations: Service, ABC, Business
Read previewApple's in-app fees are eating away at creator earnings without giving much back in return, according to disgruntled members of the influencer industry. The fee takes a percentage of donations and purchases made through Apple mobile devices, affecting marketers, followers, and creators themselves. Advertisement"There's no denying the positive impact Apple has had on the creator economy," said Lindsey Gamble, who advises influencers on marketing strategies. Patreon is the latest creator platform hit with Apple's in-app fee. Jim Louderback, a creator economy advisor, recently wrote that creators should Boycott Apple in his newsletter, "Inside the Creator Economy."
Persons: , Lindsey Gamble, influencers, Gamble, Apple, Hulu, TikTok, HBO's Max, influencers Rosanna Pansino, Lauren Riihimaki, YouTuber, Patreon, Jim Louderback, Boycott Apple, Louderback, vig Organizations: Service, Substack, YouTube, Facebook, Business, Apple, Mighty Networks, Services, Spotify, Hollywood, Netflix, Hype, Apple's, Google
CNN —A newly unveiled sculpture of Queen Elizabeth II, Prince Philip and two corgis in Northern Ireland, intended to pay tribute to the late monarch, has received somewhat mixed reviews from the public. The sculpture was unveiled in Antrim Castle Gardens on September 6. Antrim Castle Gardens“Could be anyone,” wrote one commenter on a Facebook post from the council announcing the work’s unveiling. The sculpture, among the first work commemorating the late Queen in the United Kingdom, was created by artist Anto Brennan as a commission from Antrim and Newtonabbey Borough Council. It was installed in Antrim Castle Gardens, about 19 miles (30 kilometers) north of Belfast, and unveiled on Friday.
Persons: Queen Elizabeth II, Prince Philip, Queen “, , Cristiano Ronaldo, , Anto Brennan, Elizabeth, Philip, Prince Philip , Duke of Edinburgh, Brennan, Catherine , Princess, King Charles III, Lucian Freud Organizations: CNN, Antrim Castle Gardens, corgi, ” CNN, Tatler Locations: Northern Ireland, Antrim Castle, Antrim, United Kingdom, Newtonabbey, Belfast, Wales
Norfolk Southern CEO Alan Shaw testifies at a hearing before the Senate Environment and Public Works Committee on protecting public health and the environment in the wake of the Norfolk Southern train derailment and chemical release in East Palestine, Ohio in Washington, D.C., the United States, March 9, 2023. The board's focus on that other executive, chief legal officer Nabanita Nag, has not previously been detailed. Norfolk Southern said it won't comment until the conclusion of the probe. The Wall Street Journal earlier reported that Shaw was expected to resign, citing people familiar with the matter. The railroad's board is presented with a significant challenge: the alleged relationship involves the chief executive and Nag, who is also the company's corporate secretary — the two executives which have the most contact with the board.
Persons: Alan Shaw, Ancora, Nabanita Nag, Nag, Shaw, We're, Scott Bunten, We've, haven't, Bunten Organizations: Norfolk Southern, Environment, Public, Washington , D.C, of Locomotive Engineers, Trainmen, CNBC, Norfolk, Street Locations: Norfolk, East Palestine , Ohio, Washington ,, United States
CNN —At least 18 people, including United Nations staff, were killed in an Israeli airstrike on a UN school-turned-shelter in the Nuseirat camp in central Gaza on Wednesday, according to the Gaza Civil Defense and hospital officials. This is the fifth time that the school compound has been targeted since October 7, according to the UN agency and a Gaza Civil Defense spokesperson. Mahmoud Basal, a Gaza Civil Defense spokesman, said search operations were ongoing amid the rubble, with children and women among the injured. In a separate attack, at least nine members of the same family were killed in an Israeli strike in Jabalya, northern Gaza, it said. Footage of the aftermath, published by Gaza’s Civil Defense, showed the dismembered limbs of children.
Persons: , , Mahmoud, Philippe Lazzarini, ” Hani Haniya, Fadel Abu Hdayyeh, Khan Younis Organizations: CNN, United Nations, UN, Gaza Civil Defense, UNRWA, Israel Defense Forces, Israeli Air Force, Al, Aqsa Martyrs Hospital, Palestinian Ministry of Health, Civil Defense, Gaza’s Civil Defense Locations: Gaza, Nuseirat, Israel, Geneva, Al, Aqsa, Khan, Khuza’a, Jabalya
Read previewThe woman who alleges she was wrongfully portrayed in "Inventing Anna" is trying to get her hands on the confidential notes and sources of the journalist whose article inspired the Netflix show. Rachel Williams, who was friends with the real-life Anna Sorokin, sued Netflix last year. In court filings this week, Netflix lawyers revealed that Williams' lawyers want to obtain Pressler's private journalistic notes. AdvertisementNetflix waived reporter's privilege once it used the notes for 'Inventing Anna,' Williams' lawyers argueOn October 4, Sorokin — who sold her life adaptation rights for "Inventing Anna" — is scheduled to testify for a deposition in Williams's suit against Netflix. AdvertisementJulia Garner as Anna Sorokin and Katie Lowes as Rachel Wiliams in Netflix's "Inventing Anna."
Persons: , Anna, Rachel Williams, Anna Sorokin, Shonda Rhimes, Jessica Pressler, Williams, Pressler, Anna Delvey, Sorokin, she'd, Pornhub, reporter's, Sorokin —, Colm Connolly, Julia Garner, Katie Lowes, Rachel Wiliams, Alexander Rufus, Isaacs, Davis Wright Tremaine, didn't Organizations: Service, Netflix, York, Business, American Express, Fair, HBO, Immigration, Customs, New, Fashion, Journalists, BI, New York, Vox Media Locations: Morocco, Manhattan, Germany, Delaware, United States, New York, Netflix's
This story is available exclusively to Business Insider subscribers. "It really conjured up my fears around AI, and the dangers of spreading misinformation. AdvertisementThe images also included an Uncle Sam-inspired depiction of Swift with the words, "Taylor wants you to vote for Donald Trump." However, two of the images Trump shared appeared to be real, showing actual Trump supporter Jenna Piwowarczyk . Representatives for Trump did not immediately respond to a request for comment from Business Insider, made outside normal working hours.
Persons: , Taylor Swift, Kamala Harris, Donald Trump, Harris, Swift, Donald Trump's, Trump, Sam, Taylor, Jenna Piwowarczyk, Kamala, Walz Organizations: Service, Business, Trump, Fox Business, Swift, Biden, Democratic
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