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Alibaba approves cloud computing unit spin-off, prepares for grocery and logistics arms to go public

Published Wed, 25 Dec 2024 17:02:42 GMT

HONG KONG (AP) — Alibaba plans to spin-off of its cloud computing business and said Thursday that its logistics and grocery units will explore initial public offerings as the Chinese e-commerce company kickstarts a restructuring of its operations in hopes of spurring growth.The company in March announced plans to reshape itself into six business divisions with plans to allow all but its core e-commerce business to raise external capital and go public. In an earnings call Thursday, Alibaba CEO Daniel Zhang said that the Alibaba plans to fully spin off its cloud computing unit and complete a public listing in the next 12 months, allowing it to “optimize operations,” Zhang said.Alibaba’s board of directors approved the full spin-off of the cloud computing unit via a stock dividend distribution to shareholders, the company said.Zhang also said that Freshippo, its groceries arm, as well as logistics arm Cainiao, are “ready to go public.”Alibaba’s board has approved plans to begin Freship...

Today in Sports – Lucy Li becomes youngest player to qualify for the U.S. Women’s Open at 11 years

Published Wed, 25 Dec 2024 17:02:42 GMT

May 191909 — In his first title defense Jack Johnson fights ‘Philadelphia’ Jack O’Brien to a no decision in 6 rounds in Philadelphia, Pennsylvania to retain his world heavyweight crown.1910 — Cy Young, the career leader in major league victories, wins No. 500 as the Cleveland Indians defeat Washington 5-4 in 11 innings.1923 — Zev, a 19-1 long shot ridden by Earl Sande, wins the Kentucky Derby by 1½ lengths over Martingale.1935 — NFL adopts an annual college draft to begin in 1936.1962 — Stan Musial breaks Honus Wagner’s NL hit record with 3,431.1965 — West Ham United of England win 5th European Cup Winner’s Cup against 1860 München of West Germany 2-0 in London.1973 — Secretariat, ridden by Ron Turcotte, rallies from last with a powerful move on the clubhouse turn to win the Preakness Stakes by 2½ lengths over Sham. There is controversy over the timing of the race as original teletimer time was 1:55 for the 1 3/16-mile race. Pimlico amends it to 1:54 2/5, two days later.1974 — The P...

Arvada West High School accidentally placed on lockdown

Published Wed, 25 Dec 2024 17:02:42 GMT

DENVER (KDVR) -- The Arvada Police Department says a high school was accidentally placed on lockdown on Thursday morning.The accidental lockdown happened at Arvada West High School. Police discover weapons, drugs after disarming man of modified BB gun APD said there is no emergency at the school, but officers and the Jeffco Schools Safety Team is at Arvada West to follow procedures to lift the lockdown.What happens during a lockdown?According to Jeffco Schools, this is what happens during a lockdown:Students need to move away from sight, maintain silence, do not open the doorAdults need to recover students from hallway, if possible, lock the classroom door, turn out the lights, move away from sight, maintain silence, do not open door, prepare to evade or defendIf you ever have a concern or are threatened, you can report a tip to Safe2Tell.

Rep. Boebert says husband didn't 'sick dogs' on on divorce process server

Published Wed, 25 Dec 2024 17:02:42 GMT

DENVER (The Hill) - Rep. Lauren Boebert (R-Colo.) is defending her estranged husband, condemning what she calls “misrepresentations” cited in court documents about their impending divorce."I have always spoken highly of my marriage. I believe in marriage. I believe in the power our words hold," Boebert said in a statement posted on Twitter on Wednesday."Jayson, a man I spent half of my life with, did not sign up to be in the public limelight, and he certainly did not agree to be falsely accused of things he didn't do," the Colorado Republican added. PREVIOUS COVERAGE: Rep. Boebert files for divorce from husband In court documents obtained by The Hill, a process server claimed in a sworn affidavit that the congresswoman’s husband, Jayson Boebert, was “drinking a tall glass of beer” and “cleaning a gun that was sitting on a table,” when approached with the paperwork.Describing Jayson Boebert as “extremely angry,” the process server said, “He started yelling and using profanities, an...

Police seek public’s assistance in identifying suspect in sexual battery investigation

Published Wed, 25 Dec 2024 17:02:42 GMT

The Miami Police Department is seeking help from the public in identifying a suspect involved in an ongoing sexual battery investigation. The incident took place on Sunday, May 7, at around 5:00 A.M., when an adult female victim was walking northbound on Biscayne Boulevard at N.E. 32 Street after disembarking from a Miami Dade Transit bus at the Omni Station.According to the victim’s account, an unidentified black male approached her from behind and covered her mouth with a cloth. He then forcibly dragged her into an empty lot nearby. The victim recalls the presence of a tarp on the ground beneath some trees within the lot. The suspect proceeded to sexually assault her, using the cloth to silence her cries for help. The victim fought back against the attacker and bit his hand during the struggle. She sustained injuries to her left jaw and cuts on her lips.The victim managed to escape when the opportunity arose and immediately contacted the authorities for assistance. Surveill...

FedEx pilots vote to authorize strike as they push for higher wages in contract negotiations

Published Wed, 25 Dec 2024 17:02:42 GMT

NEW YORK (AP) — FedEx Express pilots voted overwhelmingly to authorize a strike in a move they hope will help their union win a new contract that would include pay raises.The Air Line Pilots Association said Wednesday that 99% of its FedEx members who took part voted to authorize a strike, and turnout was 97%.Federal law prohibits airline unions from conducting strikes until U.S. mediators have declared negotiations at an impasse — which has not happened at FedEx — and even then, Congress and the president can block a walkout.Unions, however, believe that the votes increase their leverage at the bargaining table. The pilots’ union and Memphis, Tennessee-based FedEx have been negotiating for two years over a new contract while terms of the previous one remain in effect.“Our goal is to reach an agreement, not to strike,” said Chris Norman, head of the union’s FedEx chapter.FedEx said the pilots’ vote will not affect company operations and that it is focused on reachi...

Police investigating bank after 2 attempts to steal ATM machine in SW Miami-Dade

Published Wed, 25 Dec 2024 17:02:42 GMT

Thieves attempted to steal an ATM machine outside of a bank in Southwest Miami-Dade.According to Miami-Dade Police, the call came in around 3 a.m. Thursday after two people in a white truck attempted to haul the machine away.Police were on the scene of the robbery at a Chase Bank located at 12610 S.W. 120th St. around 10 a.m. as they gathered evidence.It is unconfirmed if any money or property was taken.Authorities have not arrested anyone in connection to this incident. Please check back on WSVN.com and 7News for more details on this developing story.

The Biden ask that may be too much for Europe

Published Wed, 25 Dec 2024 17:02:42 GMT

HIROSHIMA, Japan — When President Joe Biden arrives here for the G-7 summit, he and other leaders will be focused as much — and maybe even more — on economic competition with China as they are with Russia’s ongoing war in Ukraine.Formed to foster cooperation among the world’s biggest economies, the G-7 has demonstrated its versatility as a geopolitical force and a new degree of unity in its response to the war. But now, with a sanctions regime in place, advanced weapons flowing to Ukraine and the fighting at something of a stalemate, there is less demand for the immediate attention of these leaders. And Japan, this year’s host, is eager to focus on economic competition and security in the Pacific, as well as — given the chosen location of Hiroshima — the necessity of preventing a new nuclear arms race.But that doesn’t mean Ukraine will be off the table. The U.S. has put forth one policy proposal related to the war — one that could test the unanimity within the G-7. It involves trade...

Andy Warhol violated a photographer’s copyright on image of Prince, Supreme Court rules

Published Wed, 25 Dec 2024 17:02:42 GMT

By JESSICA GRESKO (Associated Press)WASHINGTON (AP) — The Supreme Court on Thursday ruled in favor of a photographer who claimed the late Andy Warhol had violated her copyright on a photograph of the singer Prince.“Lynn Goldsmith’s original works, like those of other photographers, are entitled to copyright protection, even against famous artists,” Justice Sonia Sotomayor wrote in an opinion joined by six of her colleagues.The case involved images Warhol created of Prince as part of a 1984 commission for Vanity Fair. Warhol used one of Goldsmith’s photos as a starting point, a so-called artist reference, and Vanity Fair paid Goldsmith to license the photo. Warhol then created a series of images in his signature style. Vanity Fair chose one of the images — Prince with a purple face — to run in the magazine. The magazine ran another image from the series on its cover following Prince’s 2016 death. It was that second use that the justices...

Supreme Court sidesteps challenge to internet companies’ broad protections from lawsuits

Published Wed, 25 Dec 2024 17:02:42 GMT

WASHINGTON (AP) — The Supreme Court on Thursday sidestepped a case against Google that might have allowed more lawsuits against social media companies.The justices’ decision returns to a lower court the case of a family of an American college student who was killed in an Islamic State terrorist attack in Paris. The family wants to sue Google for YouTube videos they said helped attract IS recruits and radicalize them. Google owns YouTube.Google claims immunity from the lawsuit under a 1996 law that generally shields social media company for content posted by others. Lower courts agreed with Google.The justices had agreed to consider whether the legal shield is too broad. But in arguments in February, several sounded reluctant to weigh in now.In an unsigned opinion Thursday, the court wrote that it was declining to address the law at issue. The outcome is, at least for now, a victory for the tech industry, which predicted havoc on the internet if Google lost. But the high ...