News Topics
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May 12, 2022
Giant Group’s first-quarter revenue up 8%
Giant Group revenues in the first quarter was NT$22.26 billion ($746 million), up 8% from the same quarter last year. However, the company said rising material costs, labor and logistics squeezed the company’s gross margin and operating profit. A higher mix of OEM work also contributed to a lower margin of...
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May 12, 2022
Zwift to ‘pause’ launch of smart bike alongside staff lay-offs
Zwift has announced a round of staff layoffs as well as the “pausing” of its smart bike hardware plans, that were announced just a few months ago. While the numbers of employees affected haven’t been released, the current economic climate is stated as the primary reason behind the online training...
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May 11, 2022
Giro d’Italia video: Spectator takes down Sam Oomen in crash after stage 5
A spectator at the side of the road appeared to accidentally take down Sam Oomen (Jumbo-Visma) in a crash at the conclusion of stage 5 at the Giro d’Italia when a spectator reached out to take the rider’s bidon. The Dutch rider hit the deck after the tangle with the...
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May 11, 2022
Race Cancellations: The New Permanent Reality
For the majority of ultrarunning’s history in North America, race cancellations were the rare exception to the norm of races going on as scheduled. Yes, there were notable exceptions such as a fire year at the Western States 100, both fire and snow years at the Hardrock 100, and a...
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May 10, 2022
Why did one in five people drop out of the Ironman World Championship St. George?
An increasing number of age group athletes either dropped out of the race or missed one of the cut offs. In the end 21.9 per cent of the field wouldn’t make it to the finish line, an amazing number considering this was a world championship event. With a 78.1 per...
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May 10, 2022
Mt. Hood Skibowl bans summer mountain biking after paying $10.5M in crash that paralyzed Oregon man
Mt. Hood Skibowl will keep cyclists off its forested trails this summer after losing a lawsuit from a man who said he slammed into a signpost in the recreational area and was paralyzed from the waist down. Oregon Live
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May 10, 2022
Peloton Borrows $750M As Downward Cycle Spins
Peloton reported third-quarter revenue of $964.3 million, a 24% year-over-year drop from the $1.26 billion it posted the year prior, and a net loss of $757.1 million, a significant difference from last year’s third-quarter net loss of $8.6 million. The fitness company is running out of cash. Peloton ended the quarter...
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May 10, 2022
Planet Fitness Stock Climbs After Earnings Top Wall Street Estimates
Shares of Planet Fitness climbed Tuesday after the operator of fitness centers reported first-quarter earnings that beat Wall Street expectations and reiterated its 2022 outlook. Planet Fitness reported first-quarter adjusted earnings of 32 cents a share, above Wall Street estimates of 27 cents. Revenue for the quarter was $186.7 million,...
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May 10, 2022
Family of 6-year-old who ran marathon visited by child protective services, parents speak out
The parents of a 6-year-old marathoner are speaking out after they say child protective services paid their family an unannounced visit and questioned their children at home. abc13
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May 9, 2022
Orbea sets lofty 2022 target on the back of investments
Orbea has issued an operational update on its progress, within which the company revealed a sixth consecutive year of growth and a sales revenue of €282 million. Driven largely by exports, worth some 80% of the Basque firm’s trade, Orbea recorded a €40.7 million post-tax profit, which has bolstered the...
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