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Peloton, once hailed as the future of fitness, is now sucking wind. Here's why.
Connected fitness company Peloton, known for its tech-enabled stationary bikes and treadmills, has cycled through yet another chief executive.On Thursday, the beleaguered company announced Peloton CEO Barry McCarthy is stepping down from his roles as company CEO, president and board director. He will be succeeded by interim co-CEOs Karen Boone and Chris Bruzzo, both Peloton board members. Peloton also announced it is cutting 15% of its staff â or 400 employees â as it tries to trim costs....
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Licences go to nation's first offshore wind projects
Australia’s first offshore wind projects will start off Victoria’s coast after leading contenders were awarded feasibility licences. Granting licences for the nation-leading Gippsland zone, Energy Minister Chris Bowen said offshore wind would be “energy rich and jobs rich” for six development zones around Australia. “That’s why major Australian energy users – from Alcoa in Portland, […]
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How a Turbine Put The Brakes on NY Offshore Wind Projects
(Bloomberg) — The fledgling US offshore wind industry took another blow Friday — but for a new reason: a desired turbine isn’t available. The absence of 18-megawatt turbines set off