List of All Articles with Tag 'news'

Democratic Sen. Dianne Feinstein of California, who has been away from the Senate since February while recovering from shingles, will return to Washington on Tuesday, according to a spokesperson.

A jury on Tuesday found Donald Trump sexually abused and defamed writer E. Jean Carroll, the latest development

A Manhattan federal jury found that Donald Trump sexually abused E. Jean Carroll in a luxury department store dressing room in the spring of 1996 and awarded her $5 million for battery and defamation.

The U.S. military says it is investigating reports that it killed a civilian in a recent strike in northwest Syria that meant to target a senior al-Qaida leader

Denny Crum, who won two NCAA men’s basketball championships and built Louisville into one of the 1980s’ dominant programs during a Hall of Fame coaching career, has died

Discord is a social app favored by gamers

The United States has sanctioned a son of Mexican drug lord Joaquin “El Chapo” Guzman, three members of the Sinaloa cartel and two Mexican-based firms, alleging they trafficked fentanyl and other drugs into the U.S. Tuesday's sanctions came the day Mexican President Andrés Manuel López Obrador was talking with President Joe Biden about immigration and the fentanyl crisis

Spanish police have arrested 26 people in recent months for an alleged scheme to use water from illegal wells to grow subtropical fruit, as the country grapples with damaging heat and drought.

By Nichola Groom The Navajo Nation has withdrawn support for a Biden administration plan to stop new oil

Prosecutors are seeking to portray as racist a U.S. Army sergeant who fatally shot an armed man during a Black Lives Matter protest demonstration in Texas, saying he was was hostile toward social justice causes and looking for trouble before the encounter

The late pop superstar Prince is being honored in Minnesota as the state renames a stretch of highway after him

Nearly seven months on from Adidas parting ways with rapper Kanye West, and the sportswear brand reportedly still has $1.3 billion of unsold Yeezy stock in its warehouses. The decision from Adidas to split from West - otherwise known as Ye - came back in October last year came after the 45-year-old made antisemitic remarks both in interviews and online. But now, Adidas has to decide what to do with the remaining stock of the popular shoe as the company attempts to turn its fortune around after it abruptly ended its partnership with West and his Yeezy brand, with 400 million euros ($441 million) in lost sales at the start of the year. Sign up to our free Indy100 weekly newsletter Though Adidas is "getting closer and closer to making a decision" on what to do with the sneakers and the “options are narrowing,” new CEO Bjorn Gulden said, as per Associated Press. He became in charge back in January this year, three months after Adidas terminated it's partnership with Ye. However, a decision has not yet been reached due to "so many interested parties," he added. Gulden did not confirm whether the option to destroy the shoes had been ruled out but noted that this is something it is the company is "trying to avoid." Meanwhile other options have their own downsides, since selling the shoes would mean Ye would need to be paid royalties, removing brand identification would be dishonest. Giving the shoes away for free sounds like a nice idea in theory but this could cause them to be resold at a higher market price. Gulden is also remaining tight-lipped on the exact quantity of stock that is left since he believes if consumer are aware of this number it "could have an impact on demand," as per AP. The CEO admitted losing Yeezy is "of course hurting us" and if Adidas decides not to sell the remaining shoes, it could reduce earnings by 500 million euros this year. Net sales declined 1 per cent in the first quarter, to 5.27 billion euros, and would have risen per cent with the Yeezy line, the company said. As a whole, Gulden described 2023 as a "a year of transition" with "a better ’24 and a good ’25" as the German sportswear business continues without the Yeezy brand. Elsewhere, Adidas found itself being sued by investors last week who allege the company knew about Ye’s offensive remarks and harmful behaviour years before the termination and failed to take precautionary measures to limit financial losses. Have your say in our news democracy. Click the upvote icon at the top of the page to help raise this article through the indy100 rankings.