Search Results for: news

Shares of ThredUp rose more than 40% in their stock market debut Friday, reflecting investor enthusiasm for the online seller of second-hand women's and children's clothing. Late Thursday, ThredUp’s initial public offering of 12 million shares was priced at $14 a share, the high end of its expected range of $12 to $14. That raised about $168 million before underwriting fees. The shares opened at $18.25 and closed at $20.  ThredUp’s debut comes as the resale market has remained resilient during the pandemic, benefiting from shoppers’ accelerated shift online and customers’ steadfast focus on second-hand goods as they become more conscious about the environment. 

A coroner's report shows that an Ohio police officer charged with fatally shooting Andre Hill shot him four times. The report released Friday by the Franklin County Coroner's Office says Hill was shot once in the chest and three times in his right leg. Ex-Columbus police officer Adam Coy, who is white, shot the 47-year-old Hill, who is Black, as Hill walked out of a garage holding a cell phone on Dec. 22. The city fired Coy, who has been charged with murder and is out on a $1 million bond. Coy has pleaded not guilty.

A man accused in the beating death of a New Jersey resident he claimed sexually abused him as a child has been charged with killing his ex-wife and two others in New Mexico in what investigators call a complicated case spanning multiple states. The charges Friday come after investigators searched a house where Sean Lannon, his ex-wife and their children lived in the city of Grants along with storage units and other locations. The remains of Jennifer Lannon, two of her friends and an Albuquerque man were found earlier this month inside a vehicle at an Albuquerque airport parking garage. Charges related to the death of the Albuquerque man have yet to be filed.

NEW YORK (AP) — Uncertainty about demand for office space in a global pandemic is a big risk that investors will have to weigh as WeWork makes a second run at a public stock offering. A year after the novel…

Police who were stumped by the theft of a rare pine tree in November from the University of Wisconsin Arboretum say they have cracked the case. UW-Madison police said Friday that three 19-year-old university students stole the tree as a “pledge” activity for the Chi Phi fraternity, which hasn't been recognized as an official student organization since 2015. Police say they acted on a tip. The three admitted to purchasing a chainsaw, renting a U-Haul and stealing the 25-foot Algonquin Pillar Swiss Mountain pine. Each of them was cited for removing the tree, which is punishable by a $200 fine.

Authorities say two people opened fire at a Chicago gathering, killing one person and wounding seven others in the second such attack on the city’s South Side in the past two weeks. Police say two males opened fire early Friday at the “pop-up party” in the Ashburn neighborhood, killing a 26-year-old man and leaving the wounded hospitalized in conditions ranging from fair to critical. The shooting followed a March 14 attack at a pop-up party in the Park Manor neighborhood where two people were killed and at least a dozen others were wounded. Fatal shootings appear to be picking up in Chicago even after a year in which they jumped dramatically, from 495 in 2019 to 769 in 2020.

A medical examiner says former St. Louis Blues defenseman Bob Plager likely died of a “cardiac event,” not injuries from an accident on an interstate highway. Plager was alone in his car Wednesday afternoon when it crashed into a minivan and then a concrete median on Interstate 64 near downtown St. Louis. The medical examiner performed an autopsy and says Plager didn’t sustain any injuries that would have been life-threatening. Further tests and routine toxicology results are still to come. Plager was an original member of the Blues when the team launched in 1967 and remained associated with the franchise until his death.

NASA has given Earth the all clear for the next century from a particularly menacing asteroid. The space agency announced this week that new telescope observations have ruled out any chance of the asteroid Apophis smacking Earth in 2068. That's the same 1,100-foot space rock that was supposed to come frighteningly close in 2029 and again in 2036. NASA ruled out any chance of a strike during those two close approaches a while ago. But a potential 2068 collision still loomed. The asteroid is now officially off NASA's “risk list.”

CHARLOTTE, N.C. (AP) — WeWork will finally go public this year, allowing investors to buy and sell its shares. But not through a traditional IPO. In the two years since the office-sharing company’s failed IPO, a new way to launch…

Kenosha police say 55 people are facing charges related to violent demonstrations after the police shooting of Jacob Blake last summer. Kenosha Officer Rusten Sheskey shot Blake seven times in August, leaving him paralyzed. Blake, who is Black, was holding a pocket knife. The shooting spurred several nights of violent protests. Kenosha Police Chief Daniel Miskinis said Friday that 49 adults and six minors are facing charges. The tally does not include charges against Kyle Rittenhouse, an Illinois teenager accused of shooting and killing two protesters and injuring a third. Sheskey has not been charged in Blake's shooting, but Blake has filed a civil lawsuit accusing him of using excessive force. 

Two major league players and two staff members were positive for COVID-19 during the past week among 13,978 tests, a 0.03% positive rate. There have been 17 positive tests — 12 for players, five for staff — among 72,751 monitoring tests during spring training, a rate of 0.02%. The positive tests were among 11 of the 30 teams. Including intake testing upon arrival at spring training, there have been 33 positive tests — 25 players, eight staff — among 78,227 tests, a positive rate of 0.04%. The positive tests were among 18 teams.

President Joe Biden is nominating Gayle Manchin, the wife of West Virginia Sen. Joe Manchin, to be the co-chair of the Appalachian Regional Commission. The commission is an economic development partnership involving the federal government and 13 states. Gayle Manchin has held multiple government positions linked to education in a state where her husband is a political force. A former teacher, she was on the West Virginia Board of Education from 2007 to 2015 and served a two-year term as its president. Manchin was also the state’s secretary of education and the arts in 2017 and 2018, but was removed from the post by West Virginia Gov. Jim Justice after releasing a statement critical of a bill to dismantle the department.