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Lululemon ups forecast, tops expectations with double-digit earnings growth

Published Sat, 23 Nov 2024 13:27:27 GMT

VANCOUVER — Lululemon Athletica Inc. reported an 18 per cent surge in profits last quarter, prompting it to raise its fiscal forecast for the year after beating expectations.The Vancouver-based company, which reports in U.S. dollars, says net income jumped to US$341.6 million in the three months ended July 30 from US$289.5 million a year earlier.The retailer says net revenue in its second quarter also rose 18 per cent to US$2.21 billion from US$1.87 billion the year before.Comparable store sales increased seven per cent year-over-year, while direct-to-consumer net revenue leaped 15 per cent.The gains prompted Lululemon to boost its full-year outlook for the second time this year, forecasting net revenue in the range of US$9.51 billion to US$9.57 billion — 17 per cent to 18 per cent growth — versus guidance of between US$9.4 billion and US$9.5 billion three months ago.The company says diluted earnings reached US$2.68 per share last quarter versus US$2.26 the year before, beating anal...

Orsted delays 1st New Jersey wind farm until 2026; not ready to ‘walk away’ from project

Published Sat, 23 Nov 2024 13:27:27 GMT

OCEAN CITY, N.J. (AP) — Orsted, the global wind energy developer, says its first offshore wind farm in New Jersey will be delayed until 2026 due to supply chain issues, higher interest rates, and a failure so far to garner enough tax credits from the federal government.The Danish company revealed the delay during an earnings conference call Wednesday, during which it said it could be forced to write off about $2.3 billion on U.S. projects that are worth less than they had been.It also said it had considered simply abandoning the Ocean Wind I project off the southern New Jersey coast.But Orsted still believes the wind farm, to be built in waters off of Atlantic City and Ocean City, will be profitable in the long run.“As it stands today, we believe the best direction is to continue to invest in these projects,” said David Hardy, an executive vice president and CEO of the company’s North American operations. “It still is the better choice than walking away today.”The company did ...

New York police will use drones to monitor backyard parties this weekend, spurring privacy concerns

Published Sat, 23 Nov 2024 13:27:27 GMT

NEW YORK (AP) — Those attending outdoor parties or barbecues in New York City this weekend may notice an uninvited guest looming over their festivities: a police surveillance drone. The New York City police department plans to pilot the unmanned aircrafts in response to complaints about large gatherings, including private events, over Labor Day weekend, officials announced Thursday. “If a caller states there’s a large crowd, a large party in a backyard, we’re going to be utilizing our assets to go up and go check on the party,” Kaz Daughtry, the assistant NYPD Commissioner, said at a press conference.The plan drew immediate backlash from privacy and civil liberties advocates, raising questions about whether such drone use violated existing laws around police surveillance “It’s a troubling announcement and it flies in the face of the POST Act,” said Daniel Schwarz, a privacy and technology strategist at the New York Civil Liberties Union, referring to a 2020 city law that requires th...

Record number of overdoses in Montreal; two-thirds of drug deaths occur at home

Published Sat, 23 Nov 2024 13:27:27 GMT

Montreal’s public health authority is pushing for more supervised drug-use sites, including facilities for drug inhalation, amid an increase in overdoses.Four Montreal organizations currently offer supervised drug injection, whereby visitors can consume their own substances in the presence of trained personnel. However, those sites lack provisions for people to smoke illicit substances, an increasingly prevalent practice, according to Dr. Benoit Corriveau of the regional health authority.“At the moment, supervised consumption centres don’t allow us to have inhalation rooms,” Corriveau said. “But it’s becoming more and more common for people to inhale certain drugs, be it fentanyl or others.”Montreal public health reiterated its commitment to supervised drug-use sites on Thursday as it released new data showing what it says was a record number of non-fatal overdoses in the last year. Officials counted 708 emergency interventions in overdose c...

B.C. woman disappointed by ‘slap on wrist’ for Mountie who dragged her, stood on head

Published Sat, 23 Nov 2024 13:27:27 GMT

A British Columbia woman assaulted by a Kelowna Mountie during a wellness check more than three years ago says she’s disappointed the officer received a conditional discharge and probation this week, calling the sentencing “a slap on the wrist.”Mona Wang was a nursing student at the University of B.C.’s Okanagan campus in January 2020, when Const. Lacy Browning dragged her from her apartment after Wang’s boyfriend asked police to check on her well-being.Surveillance video disclosed as part of a civil lawsuit filed by Wang shows Browning dragging Wang by the arms face down along a carpeted hallway, then stepping on her head in the lobby.The BC Prosecution Service has confirmed that Browning was handed a conditional discharge and was placed on probation for two years during Monday’s hearing after pleading guilty to one count of assault in November 2022.Browning must also complete 160 hours of community service over the first year, and a $200 “...

Man charged after attempting to kidnap 2 Chicago firefighters

Published Sat, 23 Nov 2024 13:27:27 GMT

CHICAGO -- The 47-year-old man who was accused of barricading two Chicago firefighters in his basement and attempted to stab them Wednesday has been charged.According to the Chicago Fire Department, crews responded to reports of a fire on the 7700 block of South Marshfield in the Auburn Gresham neighborhood around 12:15 p.m. on Wednesday.Upon arrival, crews discovered a detached garage engulfed in flames. The homeowner, 47-year-old Melvin Jordan, told the CFD crew that he also smelled gas coming from inside his home.A battalion chief and truck lieutenant went inside Jordan's home. The three men went downstairs and the fire personnel said they didn’t smell anything just as Jordan went back upstairs.The Chicago Fire Department reports that Jordan was holding a power tool and removed screws from a board blocking the door. Jordan allegedly barricaded two doors and held a knife towards the two firefighters.The CFD battalion chief and truck lieutenant called for help over their radio and ...

Prosecutor asks Indiana State Police to investigate deaths of several dogs in truck

Published Sat, 23 Nov 2024 13:27:27 GMT

LAKE STATION, Ind. — The Lake County, Indiana Prosecutor's Office has asked Indiana State Police to investigate the deaths of several K9s last month in Lake Station.On July 27, several dogs were being transported from Chicago's O'Hare International Airport to a training facility in Michigan when the air conditioning in the back of a truck malfunctioned and they died. Several K-9s die from heat distress when box truck A/C fails It's not clear why the prosecutor's office asked state police to investigate the incident.Authorities in Lake County previously said the K9s came from Europe and the driver was stuck in traffic for two hours and didn't realize the AC wasn't working.PETA previously asked Lake Station's mayor and city council to have its own police department investigate the incident. PETA asks Lake Station mayor to recuse police department after dogs die in box truck The executive director of the Hobart Humane Society, Jennifer Webber, was among the first on the scene and ...

X, formerly Twitter, to allow paid political advertising again

Published Sat, 23 Nov 2024 13:27:27 GMT

WASHINGTON (NEXSTAR) — Presidential candidates now have a new place to try to win over voters: social media site X, formerly known as Twitter. For the first time since 2019 the platform says it will allow paid political advertising.Laura Edelson is an assistant professor of computer science at Northeastern University who has extensively researched online political communication. She says X's announcement raises important questions."Are they going to do it responsibly or are they just going to try to get as much money as they can?" Edelson said.She says she found issues with the way Twitter handled previous campaign cycles."Twitter was one of the platforms that did the worst, in terms of actually making sure the political advertisers followed the rules," Edelson said. Elon Musk auctioning Twitter signs, memorabilia  Misinformation concerns led Twitter to stop accepting paid political ads in 2019. Now with Elon Musk leading the company, it's reversing course.Dave Karpf, an associate...

Illinois' first music festival permitting cannabis consumption announced

Published Sat, 23 Nov 2024 13:27:27 GMT

MUNDELEIN, Ill. — Organizers have announced Illinois' first concert that permits cannabis consumption - a two-day event in September that merges music and cannabis culture - set to take place in north suburban Mundelein. The inaugural 'Miracle in Mundelein' lineup includes performances by Cypress Hill, Action Bronson, Stephen Marley, and more, Sept. 9-10, across the street at RISE Cannabis Mundelein Recreational Dispensary, located at 1325 Armour Blvd. Illinois’ marijuana tax revenue is the highest in the country, next to California The festival will feature rolling stations and dab bars. Organizers say complimentary grinders, lighters, papers, and rolling trays will be provided. Bongs or glass pieces will not be issued, however. All cannabis must be purchased from an Illinois dispensary and be in the original packaging. The packaging does not have to be sealed, organizers added.Smoking pens are authorized as long as they meet regulations. Read more: Latest Chicago news head...

Witness, detective accounts shared on third day of 6th Street shooting suspect trial

Published Sat, 23 Nov 2024 13:27:27 GMT

Editor's Note: The above video is KXAN's previous coverage of the trial.AUSTIN (KXAN) – The trial of Sixth Street mass shooting suspect De’ondre White continued Thursday in Austin. PREVIOUS: Witness accounts, autopsy results shared at 6th Street shooting suspect trial White, 21, is charged with one count of murder and 14 counts of aggravated assault. He pleaded not guilty Tuesday in court.On June 12, 2021, 25-year-old Douglas Kantor was killed and more than a dozen others were injured in a mass shooting on Sixth Street. White is accused of firing into a crowd after a confrontation with a group of people.APD Detective Called Austin Police Detective Danny Hernandez has been one of the lead detectives in the Sixth Street mass shooting investigation. He said his work on the case started in the early morning of June 12, when he went to the hospital to interview victims injured in the shooting. One man, Douglas John Kantor, 25, died two days after the event from “complications...