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A man was killed Tuesday night after being hit by a car near UCHealth University of Colorado Hospital in Aurora, the Aurora Police Department said, and investigators are searching for information after the driver of the car did not stop. The man was walking across North Peoria Street just north of East 17th Avenue just before 11 p.m. Tuesday when a gray or black Honda Pilot traveling south on Peoria Street at a high rate of speed hit the man, police said. Officers arrived to find the man in the roadway suffering “life-threatening injuries,” and he was taken to a hospital where he died. The driver of the Pilot did not stop after the car hit the man and continued south on Peoria, police said. Anyone who may have witnessed the hit and run or have dash-cam footage of the collision is asked to contact the Aurora Police Traffic Section. Tipsters can anonymously report any information to Metro Denver Crime Stoppers and could be eligible for up to $2,000 reward. This is the 31st … [Read more...] about Man killed in high-speed hit and run in Aurora Tuesday night

Chamath Palihapitiya - A + A NEW YORK (Aug 17): The news came with little fanfare. It was late on a sleepy summer afternoon last week, and few on Wall Street even seemed to notice the pair of filings when they hit the Securities and Exchange Commission's (SEC) website. In terse, boilerplate language, the documents stated that two special-purpose acquisition companies (SPACs) launched by Chamath Palihapitiya needed to push back the deadlines they had set to make acquisitions. Palihapitiya was in no mood to trumpet the news. There were no tweets, no interviews, none of the braggadocio that came with so many of his big SPAC deals, back when the market was the hot new thing in finance, a sure-fire, money-minting machine, and Palihapitiya was its undisputed king. But if those euphoric moments two years ago represented the peak of SPAC frenzy — a phenomenon created out of the same ingredients (unprecedented monetary and fiscal stimulus) that gave us meme stocks and … [Read more...] about US SPAC king goes silent with his empire shrivelling

- A + A KUALA LUMPUR (Aug 17): The Malaysian Employers Federation (MEF) has urged the government to delay implementing the amendments to the Employment Act 1995 from Sept 1, which it estimates will cost employers nationwide an extra RM110.99 billion per year. In a statement, the federation’s president Datuk Dr Syed Hussain Syed Husman said economic growth in the second half of this year is expected to slow to between 5% and 6%, compared with 8.9% reported in the second quarter. In light of the challenging economic situation ahead, the government should reconsider implementing the amendments, he added. “Employers should be given time to reconsolidate and recover their businesses which were severely impacted due to the movement control orders implemented in 2020 and 2021 to contain the menace of Covid-19,” he said. He added that some employers were already struggling to fully implement the new minimum wage of RM1,500 per month that took effect in May, which was … [Read more...] about MEF urges govt to delay enforcing Employment Act amendments, estimated to cost RM111 bil per year

- A + A KUALA LUMPUR (Aug 17): PMB Technology Bhd's subsidiary PMB Land (Sg Besi) Sdn Bhd has proposed to sell land in Kuala Lumpur for RM37 million and use the proceeds to repay a loan and for working capital. The disposal of the freehold land, measuring 6,658 square metres, is part of the company's plans to streamline its operations by focusing on its core business of aluminium smelting and channelling the proceeds towards its daily operating activities, it said in a filing with Bursa Malaysia. PMB Technology will use RM21 million of the proceeds to settle bridging loan within six months, RM14.45 million as its working capital within 12 months, and RM1.55 million to defray expenses incurred from the sale. "The proposed disposal is expected to contribute a net gain of approximately RM1.58 million to the group, of which shall increase the group's earnings per share for the financial year ending Dec 31, 2022," it said. PMB Technology expects to complete the … [Read more...] about PMB Technology unit to dispose of KL land for RM37 mil to repay loan, raise working capital

- A + A KUALA LUMPUR (Aug 17): Malaysia Pacific Corp Bhd (MPCorp) — whose shares will be suspended from trading effective from Friday (Aug 19) — has bagged two subcontracts worth RM44.91 million from Windsor Aims Machinery Sdn Bhd. In a separate filing with Bursa Malaysia, MPCorp said it has inked a memorandum of understanding with Windsor Aims to negotiate for a joint collaboration agreement (JCA) or any other agreements for the implementation of its proposed regularisation plan. The Practice Note 17 (PN17) company told Bursa Malaysia that its wholly owned subsidiary Euronium Construction Sdn Bhd (ECSB) has received two letters of award (LOAs) to undertake the subcontract works. Windsor Aims is principally engaged in trading and renting of machinery and carrying the business of construction contractor and builder for construction and maintenance works. MPCorp said the LOAs of Johor projects represent its effort to revitalise its construction activities and … [Read more...] about MPCorp bags subcontract works two days before share suspension

Boustead Naval Shipyard Sdn Bhd [BNS] has spent RM3.5 billion to acquire equipment that are needed to be installed in the six littoral combat ships. Some of the equipment are sitting in the warehouse, in obsolescence currently. (The Edge filepix by Zahid Izzani) - A + A PUTRAJAYA (Aug 17): The Cabinet on Wednesday (Aug 17) agreed in principle that the littoral combat ship (LCS) project's forensic audit report be made public, said Minister in the Prime Minister’s Department (Parliament and Law) Datuk Seri Dr Wan Junaidi Tuanku Jaafar. However, he said it would be made after discussions with Senior Defence Minister Datuk Seri Hishammuddin Tun Hussein and other stakeholders on the mechanism of disclosure, as there are sensitive issues which can not be made public. In a media conference after the Merdeka Month Celebration of the Legal Affairs Division here on Wednesday, Wan Junaidi said he is of the view that sensitive matters involving security should not be … [Read more...] about Cabinet agrees in principle to disclose LCS audit report

- A + A "If the party concerned cannot hand over this ship within the specified time with the existing provisions, how can we be confident that they can meet our needs for the other ships.” KUALA LUMPUR (Aug 17): There will be no additional funds allocated if the first littoral combat ship (LCS) of Royal Malaysian Navy is not completed on schedule, said Senior Defence Minister Datuk Seri Hishammuddin Tun Hussein. He said his focus now is to ensure that the first LCS can be completed soon. "If the party concerned cannot hand over this ship within the specified time with the existing provisions, how can we be confident that they can meet our needs for the other ships. "So, I want to see what has been planned, what has been presented to the cabinet, as well as what I have answered in Dewan Negara can be completed and the test is the first ship. This first ship will not receive the latest injection of funds," he said. He said this at a news conference after … [Read more...] about No additional funds for first LCS, says Hishammuddin

Former president of Kiehl’s Chris Salgardo dedicated 18 years of his career to leading the New York-based brand to becoming one of the best-selling beauty brands in history. Today, more than two years after leaving Kiehl’s, Salgardo launches Atwater , a men’s grooming range named after his father’s hometown in California. At launch, Atwater will comprise of 10 products—ranging from cleanser to exfoliant to moisturizer—and will be available via direct-to-consumer channels as well as in Nordstrom store locations in the United States. advertisement advertisement Atwater is the latest beauty brand to launch in recent memory that’s founded by industry veterans with decades of experience and institutional knowledge at their disposal—legendary makeup artist Bobbi Brown brought Jones Road to market the moment her 25-year non-compete lifted in 2020, and former Estee Lauder VP Chaz Giles debuted personalized skin-care platform Revea last year. … [Read more...] about Former Kiehl’s president Chris Salgardo launches Atwater, a grooming brand for men

Paul Moller stands in the back corner of a large garage in Davis, California, clean-shaven and wearing a large pair of golden aviator glasses. The 52-year-old engineer is a professor down the road at the University of California, Davis, but he’s not the type to sit back with a book and highlighter. In his white polo shirt and glossy brown bomber jacket, he looks ready to tinker with the shiny invention behind him at knee-level at a moment’s notice. advertisement advertisement The dark blue saucer behind Moller features eight propellers encircling a small, one-person cockpit. Behold Moller’s new M200X—a vehicle reminiscent of the Jetson family’s green flying car that Moller says is almost ready for manned test flights. Cut to: Moller stands outside with the M200X in an open grassy field. The vehicle, tethered to a rope, powers up, whirring loudly. The saucer lifts slowly into the air, rocking back and forth unsteadily, before Moller and his team signal … [Read more...] about Paul Moller’s 50-year dream to build a flying car won’t die

You don’t have to do much convincing to get women to buy skin care products. advertisement advertisement As for men, they’re coming along. In fact, males make up one-third of the customer base of Kiehl’s. Still, the skin and hair care products brand, which eschews traditional advertising, felt it needed to make an extra effort to get guys interested in its new antiaging moisturizer. So Kiehl’s hired Marvel Custom Solutions to create Captain America: Transformation & Triumph , a limited-edition comic book designed to promote Kiehl’s Facial Fuel “Heavy Lifting” Firming, Lifting, Anti-Wrinkle Moisturizer for Men. The comic book, which is currently free at Kiehl’s stores with the purchase of any product and available online , too (it was also distributed via an issue of The Wall Street Journal ), finds the evil Cobra descending upon Kiehl’s flagship store determined to get his hands on a serum as well as machinery rumored to have been used back … [Read more...] about Kiehl’s Enlists Captain America To Prove Real Men Moisturize