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Tempur Sealy to buy Matress Firm in $4 billion deal

Published Fri, 22 Nov 2024 02:06:11 GMT

WASHINGTON (AP) — Bedding provider Tempur Sealy has agreed to acquire Mattress Firm in a cash-and stock-transaction valued at about $4 billion, the companies said Tuesday.Mattress Firm operates more than 2,300 brick-and-mortar retail locations and an e-commerce platfom. After the Tempur Sealy acquistion is complete, the two companies will have a total of some 3,000 retail stores, 30 e-commerce platforms, 71 manufacturing facilities and four research and development facilities worldwide.“This combination will accelerate our growth trajectory and enhance operating cash flow,” Tempur Sealy Chairman and CEO Scott Thompson said in a statement. “Mattress Firm has been a valued retail partner for more than 35 years, and we look forward to welcoming their talented workforce of more than 8,100 employees to the Tempur Sealy family.”Mattress Firm CEO John Eck added that the transaction will increase the companies’ ability “to better address consumers’ needs and drive growth.”In the...

Strycova wins 1st singles match since maternity leave

Published Fri, 22 Nov 2024 02:06:11 GMT

ROME (AP) — Barbora Strycova won her first singles match since returning from maternity leave, beating Maryna Zanevska 6-1, 3-6, 6-3 in the opening round of the Italian Open on Tuesday.The 37-year-old Strycova returned to the tour two weeks ago at the Madrid Open after more than two years away following the birth of her son, Vincent. After beating Zanevska, Strycova was handed her 1-year-old son, who she told to “wave to daddy” in front of a TV camera.In Madrid, Strycova lost her opener in singles and reached the quarterfinals in doubles with partner Hsieh Su-wei.Strycova, who will next face ninth-seeded Maria Sakkari, is planning to retire after this year’s U.S. Open.Also on the red clay of the Foro Italico, Anna Blinkova rallied past Mayar Sherif 2-6, 6-2, 6-3. Sherif was coming off a breakthrough run to the quarterfinals in Madrid.Nuria Parrizas Dias defeated Jule Niemeier 4-6, 6-4, 6-2.The men’s tournament, headlined by Novak Djokovic and Carlos Alcaraz, begins on Wednesday.Like...

Dozens injured in highway collision in eastern Germany

Published Fri, 22 Nov 2024 02:06:11 GMT

BERLIN (AP) — A highway collision between a long-distance bus and a truck injured dozens of people in eastern Germany, German news agency dpa reported.The crash happened Tuesday on the A 12 highway in the state of Brandenburg between the towns of Storkow and Fredersdorf.Police said 35 people were hurt, including six with severe injuries, dpa said. Three helicopters, ambulances and police officers were on the scene, and the section of highway was closed. Police said the truck, which was traveling in the direction of Berlin, collided with the side of the bus when it tried to change lanes. Source

ScanSource: Fiscal Q3 Earnings Snapshot

Published Fri, 22 Nov 2024 02:06:11 GMT

GREENVILLE, S.C. (AP) — GREENVILLE, S.C. (AP) — ScanSource Inc. (SCSC) on Tuesday reported net income of $21.2 million in its fiscal third quarter.On a per-share basis, the Greenville, South Carolina-based company said it had profit of 83 cents. Earnings, adjusted for amortization costs, came to 96 cents per share.The technology products distributor posted revenue of $885.5 million in the period. Its adjusted revenue was $885.9 million._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SCSC at https://www.zacks.com/ap/SCSCSource

George Weston: Q1 Earnings Snapshot

Published Fri, 22 Nov 2024 02:06:11 GMT

TORONTO (AP) — TORONTO (AP) — George Weston Ltd. (WNGRF) on Tuesday reported earnings of $322.5 million in its first quarter.On a per-share basis, the Toronto-based company said it had profit of $2.23. Earnings, adjusted for non-recurring gains, were $1.47 per share.The baked goods maker and parent of the conglomerate Loblaw posted revenue of $9.71 billion 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 WNGRF at https://www.zacks.com/ap/WNGRFSource

Colorado Avalanche captain Gabriel Landeskog to miss entire 2023-24 season

Published Fri, 22 Nov 2024 02:06:11 GMT

DENVER (KDVR) — Colorado Avalanche captain Gabriel Landeskog is expected to miss the entire 2023-24 season due to a knee injury he sustained in 2022.The team confirmed that Landeskog will undergo a cartilage transplant on his right knee on May 10. The surgery will be performed by Dr. Brian Cole at the Rush University Medical Center in Chicago. Jokic fined $25K by NBA for making contact with Suns owner Landeskog has already had surgery on his knee prior to the 2022-23 season. He was expected to return after 12 weeks but instead missed out on the entire season. He will now be out for two whole seasons.The 30-year-old is from Stockholm, Sweden and has played 11 seasons with the Avs. Landeskog was named captain of the team in 2012.

I-225 reopens after 6-car crash

Published Fri, 22 Nov 2024 02:06:11 GMT

AURORA, Colo. (KDVR) — The Aurora Police Department was investigating a rollover crash that involved six vehicles and shut down Interstate 225.APD reported the crash just before 8 a.m. Tuesday. The incident closed I-225 in both directions at I-70. The highway was reopened just before 9 a.m.Thankfully, early information provided by APD indicates there were no serious injuries as a result of the crash. Police believe deadly Tesla shooting began as a road rage According to the Colorado Department of Transportation, many drivers were delayed up to 30 minutes.

Newly released bodycam video shows fatal Jacksonville Police shootout

Published Fri, 22 Nov 2024 02:06:11 GMT

JACKSONVILLE, Fla. (WSVN) — The Jacksonville Police Department released body camera footage of a deadly police-involved shooting that occurred back in April. The video shows a tense standoff between officers and a suspected gunman, identified as 38-year-old Jeffrey Alan Martin.The encounter began when an officer confronted Martin, who acted suspiciously in a hospital parking lot. He then opened fire on the officer which led to a chase that ended in a deadly shootout with five other officers.As the video footage showed the pursuit around the parking lot, it continued with one police officer who rammed into Martin’s vehicle before the final shootout with law enforcement officers. Martin was killed in the exchange, but not before he was able to injure one of the responding officers.Photos taken by authorities showed Martin was armed with a 9mm handgun, which was found under his leg. Additionally, detectives discovered an AK-47 with three fully loaded magazines in the trunk ...

State police: Tractor-trailer spills polyurethane on Route 95 in Weston, closing lanes

Published Fri, 22 Nov 2024 02:06:11 GMT

Most of Route 95 south was closed to traffic in Weston after officials say a tractor-trailer accident resulted in polyurethane being spilled on the highway.Massachusetts State Police said troopers and Weston Fire Department crews responded to the incident, which closed several lanes after a truck spilled a “load of polyurethane,” forcing traffic to be redirected through a breakdown lane some time before 10 a.m.On Twitter, the MassDOT said the roadway spill was in the area of Exit 39A, by Route 30. By 10:40 a.m., SKY7HD spotted several firefighters spreading sand across the spill, with a tractor-trailer truck pulled off to the side of the road, parked on a patch of grass. Heavy traffic could also be seen leading up to the site of the cleanup.Authorities have not yet said whether there were any injuries, but advised drivers to expect delays.Lanes started to reopen around 11 a.m., as state police said both the left and center lanes were back open to traffic as crews cont...

US announces $1.2 billion aid package to Ukraine with counteroffensive looming

Published Fri, 22 Nov 2024 02:06:11 GMT

(CNN) — The US has announced a $1.2 billion aid package to Ukraine intended to “bolster its air defenses” and “sustain its artillery ammunition needs,” with Ukraine’s counteroffensive against Russian forces looming.The package includes 155mm artillery rounds, additional air defense systems and munitions, and drone ammunition, as well as equipment to help “integrate Western air defense launchers, missiles, and radars” with Ukraine’s existing systems.First reported by The Associated Press, the package will fall under the Ukraine Security Assistance Initiative (USAI), which means it will be contracted and purchased from manufacturers instead of pulled directly from Defense Department stocks in a drawdown. Instead of supplying Ukraine with the weapons it currently needs, USAI packages are intended to create a medium- and long-term supply for Ukraine.With the new package announcement, the US has committed $37....