Latest news with #LucyNicholson
Straits Times
19-05-2025
- Business
- Straits Times
Saatva to provide mattresses for athletes at LA28
FILE PHOTO: An LA2028 sign is seen at the Los Angeles Coliseum to celebrate Los Angeles being awarded the 2028 Olympic Games, in Los Angeles, California, U.S., September 13, 2017. REUTERS/Lucy Nicholson/File Photo FILE PHOTO: LA28 Chairperson and President Casey Wasserman speaks during a press conference held by the International Olympic Committee Coordination Commission for the Los Angeles 2028 Olympic and Paralympic Games, as LA28 Chief Executive Officer Reynold Hoover and IOC Vice President and LA28 Coordination Commission Chair Nicole Hoevertsz look on, at UCLA, Los Angeles, California, U.S., November 14, 2024. REUTERS/Daniel Cole/File Photo Saatva has been selected to be the official provider of mattresses and bedding for athletes at the 2028 Olympic and Paralympic Games in Los Angeles, the American company said on Monday. The beds provided to athletes at Olympic villages have become a contentious issue over the last few years. Cardboard bed frames were introduced at the Tokyo 2020 Games for sustainability reasons, with some media reports claiming they were "anti-sex beds" made to collapse under the weight of more than one person to promote social distancing amid the COVID-19 pandemic. The beds were criticised by some athletes, with U.S. skateboarder Nyjah Huston saying they were "uncomfortable". Similar beds were used by the Paris 2024 organisers and the mattresses at last year's Games were made of the same material used in fishing nets and were made by the Japanese brand Airweave. In a statement, Saatva said it had "been named the Official Mattress and Restorative Sleep Provider of the LA28 Olympic and Paralympic Games and Team USA". It added that it would "provide mattresses, linens, and pillows to athletes for the LA28 Games, ensuring they get the restorative sleep critical to recovery and overall well-being during the 2028 Olympic and Paralympic Games." The Games will take place between July 14-30, 2028. REUTERS Join ST's Telegram channel and get the latest breaking news delivered to you.
The Star
09-05-2025
- Business
- The Star
Activist investor Engine Capital ends campaign at Lyft, withdraws board nominees
FILE PHOTO: The Lyft Driver Hub is seen in Los Angeles, California, U.S., March 20, 2019. REUTERS/Lucy Nicholson/File Photo (Reuters) -Engine Capital said on Friday it would end its activist campaign at Lyft and withdraw its board nominees after the ride-hailing platform raised its stock buyback program to the level proposed by the investor. It is one of the rare instances of an activist campaign ending within weeks when proxy battles typically run for months. Lyft's shares rose about 17% in early trading after the company increased its stock buyback program on Thursday to $750 million from $500 million, and said it intends to use $500 million of the authorization within the next 12 months. "Following a series of productive conversations, the Board has taken an important first step by committing to significant share repurchases in the coming quarters," Engine Capital portfolio manager and founder Arnaud Ajdler said. The parties have, however, not signed a cooperation agreement, an Engine Capital spokesperson said, adding that the activist investor "retains the flexibility to continue to advocate for further changes if it feels they are needed." Lyft did not immediately respond to a request for comment. Last week, Engine Capital had urged Lyft to undertake a $750 million accelerated repurchase program, and consider strategic alternatives, including a sale. It also nominated two directors to Lyft's board last month, paving the path for a proxy battle, after saying the company had rebuffed its attempts to engage with its leadership. The activist investor had argued that Lyft needed more board members with public market experience and criticized the dual-class share structure, which grants founders — who own less than 2.5% of the company — around 30% of voting power. Lyft's shares have underperformed larger, more diversified rival Uber and the S&P 500 index in the past five years. Lyft on Thursday beat first-quarter profit estimates and forecast second-quarter adjusted core profit and gross bookings largely in line with analysts' expectations. (Reporting by Akash Sriram in Bengaluru; Editing by Shinjini Ganguli)
Straits Times
23-04-2025
- Sport
- Straits Times
Lacrosse-Bangladesh signs up as global surge powers Olympic return
FILE PHOTO: An LA2028 sign is seen at the Los Angeles Coliseum to celebrate Los Angeles being awarded the 2028 Olympic Games, in Los Angeles, California, U.S., September 13, 2017. REUTERS/Lucy Nicholson/File Photo -The lacrosse world map expanded further east this week as Bangladesh became the 94th country to join the sport's global governing body, continuing a remarkable growth trajectory for a game set to make its Olympic return after a 120-year absence. Lacrosse will feature in the 2028 Summer Olympics in Los Angeles, marking its return as a medal sport for the first time since 1908. Bangladesh became the 21st member of the Asia-Pacific Lacrosse Union (APLU), which celebrates its 21st anniversary this year, and joins neighbours Pakistan and India in forming a growing South Asian presence in the sport, World Lacrosse said on Wednesday. "We're grateful for the effort of those in Bangladesh to foster a playing community, and look forward to new and exciting possibilities for competition in this region," said World Lacrosse Director of Sport TJ Buchanan. The addition marks the second new member country for World Lacrosse in 2025, following the inclusion of Armenia in February. The global governing body has enjoyed a rapid recent expansion with 21 new nations joining since the start of 2022. The APLU has been developing membership across various regions of Asia, with particular focus on creating competition opportunities for newer members in South Asia, Central Asia, and the Middle East, a development which will be showcased at the second Asian Lacrosse Games, scheduled for September in Saudi Arabia. The region is also becoming a championship hub, with the APLU set to host the next three World Lacrosse Championships – beginning with the men's U20 event on Korea's Jeju Island in August, followed by the men's and women's championships in Japan in 2026 and 2027. REUTERS Join ST's Telegram channel and get the latest breaking news delivered to you.
The Star
23-04-2025
- Sport
- The Star
Lacrosse-Bangladesh signs up as global surge powers Olympic return
FILE PHOTO: An LA2028 sign is seen at the Los Angeles Coliseum to celebrate Los Angeles being awarded the 2028 Olympic Games, in Los Angeles, California, U.S., September 13, 2017. REUTERS/Lucy Nicholson/File Photo -The lacrosse world map expanded further east this week as Bangladesh became the 94th country to join the sport's global governing body, continuing a remarkable growth trajectory for a game set to make its Olympic return after a 120-year absence. Lacrosse will feature in the 2028 Summer Olympics in Los Angeles, marking its return as a medal sport for the first time since 1908. Bangladesh became the 21st member of the Asia-Pacific Lacrosse Union (APLU), which celebrates its 21st anniversary this year, and joins neighbours Pakistan and India in forming a growing South Asian presence in the sport, World Lacrosse said on Wednesday. "We're grateful for the effort of those in Bangladesh to foster a playing community, and look forward to new and exciting possibilities for competition in this region," said World Lacrosse Director of Sport TJ Buchanan. The addition marks the second new member country for World Lacrosse in 2025, following the inclusion of Armenia in February. The global governing body has enjoyed a rapid recent expansion with 21 new nations joining since the start of 2022. The APLU has been developing membership across various regions of Asia, with particular focus on creating competition opportunities for newer members in South Asia, Central Asia, and the Middle East, a development whichwill be showcased at the second Asian Lacrosse Games, scheduled for September in Saudi Arabia. The region is also becoming a championship hub, with the APLU set to host the next three World Lacrosse Championships – beginning with the men's U20 event on Korea's Jeju Island in August, followed by the men's and women's championships in Japan in 2026 and 2027. (Editing by Christian Radnedge)
