Latest news with #closure
Yahoo
8 hours ago
- Business
- Yahoo
Six Flags to Close Six Flags America, Hurricane Harbor After 2025 Season for Redevelopment
Six Flags Entertainment Corporation (NYSE:) is one of the most undervalued US stocks according to analysts. As May began, Six Flags Entertainment Corporation announced its decision to close Six Flags America and Hurricane Harbor in Bowie, Maryland, after the 2025 operating season. The property spans ~500 acres and will be put on the market for redevelopment as part of Six Flags' ongoing portfolio optimization program. The President & CEO of Six Flags, Richard A. Zimmerman, stated that the decision was made after determining that Six Flags America and Hurricane Harbor do not align with the company's long-term growth plan. Six Flags America currently employs ~70 full-time associates and will provide severance and other benefits to all eligible employees affected by the closure. The park's final day of operation will be November 2 this year. People enjoying a sunny day at Knott's Berry Farm amusement park rides. The closure is not expected to materially impact the company's financial results in 2025. All 2025 season passes and tickets for Six Flags America and Hurricane Harbor will be honored throughout the final operating season. Six Flags Entertainment Corporation (NYSE:FUN) operates amusement parks and resort properties in North America. While we acknowledge the potential of FUN as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the . READ NEXT: and . Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Hindustan Times
2 days ago
- Politics
- Hindustan Times
CID submits closure report in 2024 Suraj Revanna case
The Criminal Investigation Department (CID) has submitted a closure report in the unnatural sexual assault case lodged against JD(S) MLC Suraj Revanna, citing a lack of evidence. CID submits closure report in 2024 Suraj Revanna case Suraj, grandson of former Prime Minister HD Deve Gowda and son of senior JD(S) leader HD Revanna, was accused of sexually assaulting a 27-year-old JD(S) party worker, Chetan KS, at his farmhouse in Ghannikad, Holenarasipur taluk, on June 16, 2024. The case was filed at Holenarasipur police station under Section 377 of the Indian Penal Code (IPC) and other charges. Given the sensitive nature of the allegations and the political profile of those involved, the state government handed over the investigation to the CID. The agency conducted a detailed probe involving witness testimony, forensic evidence collection, and analysis of technical inputs. According to officials, the inquiry did not yield any concrete evidence to support the charges. The report was submitted to the special court on Wednesday. 'We have concluded there was insufficient evidence and filed a 'B report', which is typically submitted when a case lacks prima facie evidence,' CID deputy SP and investigating officer B Umesh told the Special Court for People's Representatives on Wednesday. 'The special court will now decide whether to accept the report. The complainant retains the right to file objections,' he added. The allegations came at a politically vulnerable time for the Revanna family. Suraj's father, HD Revanna, and brother, Prajwal Revanna, then JD(S) MP, are facing separate legal challenges. Moreover, opposition parties seized upon the assault case to question the JD(S) leadership's integrity. Further complicating the case, Suraj Revanna's aide Shivakumar filed a counter-complaint, accusing the original complainant of trying to extort ₹ 5 crore in exchange for withdrawing the charges. Though a court decision on the report is still pending, the CID's findings may help Suraj Revanna navigate immediate legal threats.
Kuwait Times
2 days ago
- Politics
- Kuwait Times
Amir chairs Supreme Defense Council
Kuwait welcomes truce • UK sends letter of support • Food supplies abundant KUWAIT: HH the Amir Sheikh Meshal Al-Ahmad Al-Jaber Al-Sabah on Tuesday chaired a meeting of the Supreme Defense Council that discussed regional developments and the latest events in the area, following a ceasefire between Iran and the Zionist entity. During the meeting, HH the Amir was briefed on efforts exerted by various authorities in the country and the coordination between them to face any emergency. HH the Amir also provided the council members with directives to take all necessary measures and precautions to preserve national security and stability. HH the Crown Prince Sheikh Sabah Al-Khaled Al-Hamad Al-Sabah and HH the Prime Minister Sheikh Ahmad Al-Abdullah Al-Ahmad Al-Sabah, along with senior ministers and defense officials, attended the meeting. Kuwait welcomes US President Donald Trump's announcement of the ceasefire between Iran and the Zionist entity, the foreign ministry said in a statement on Tuesday, applauding the United States' and Qatar's efforts that led to the agreement. This announcement is a first step towards de-escalation and restoring security and stability in the region, the ministry said, expressing hope that it would reflect positively on efforts to stop the Zionist aggression on the occupied Palestinian territories. Kuwait reiterates its strong support for dialogue and diplomacy in resolving regional and international conflicts, the ministry concluded. During the past two days, the defense council held meetings under the chairmanship of HH the Crown Prince and HH the Prime Minister. Authorities in Kuwait have stepped up emergency measures at all levels during the armed hostilities to ensure the security and protection of the country. Specialized centers have been closely monitoring radiation and pollution levels following Zionist and US airstrikes on Iranian nuclear plants. HH the Prime Minister Sheikh Ahmad received on Tuesday a letter from UK Prime Minister Keir Starmer. In the letter, the UK prime minister stressed his country's support to the Kuwait in light of the current regional circumstances, affirming the need to reach a final solution to end the ongoing conflict for the sake of the region's stability. HH the Prime Minister commended this gesture, expressing his appreciation for the role played by the UK. Meanwhile, the civil aviation authority reopened Kuwait's airspace late Monday night following a brief closure after Iran fired ballistic missiles on a US airbase in Qatar. National carrier Kuwait Airways announced on Tuesday it has resumed its regular flight schedule after the ceasefire following a change in some flights during the fighting that lasted 12 days. KAC had made some changes to flights to Jordan and Lebanon during the confrontation. Minister of Commerce and Industry Khalifa Al-Ajeel, along with Minister of Social Affairs and Minister of Family and Childhood Affairs Dr Amthal Al-Huwailah, inspected the central operations room of the ministry's control sector. This room is directly linked to the interior ministry through a live monitoring system, enhancing the ministry's ability to promptly and effectively monitor and follow up on market activity. Al-Ajeel stressed that maintaining market stability is a national responsibility that requires concerted efforts from all relevant entities. He affirmed that the ministry continues its around-the-clock efforts through its inspection teams, which are intensifying their field visits to ensure that suppliers and commercial outlets comply with laws and regulations, in order to preserve market stability and protect consumer rights. During the visit, the two ministers were briefed on the operations inside the room and the reports submitted by field teams. Al-Ajeel emphasized the importance of continuous readiness and full coordination with relevant authorities to ensure the availability of goods and to monitor the movement of food markets and other related sectors. He noted that the ministry of social affairs has been requested to instruct cooperative societies to cooperate and coordinate with the central operations room. This collaboration would support inspection efforts and facilitate market monitoring and the flow of goods, while maintaining each party's responsibilities within a framework of institutional coordination. Al-Ajeel reassured citizens that essential goods are available and that the strategic stock remains stable, confirming that the situation is under control according to approved plans and that markets are well-supplied to meet consumer needs.
Yahoo
2 days ago
- Business
- Yahoo
University welcomes Glass Centre closure questions
Sunderland University has said it welcomes questions from the local authority over the decision to close the National Glass Centre. The chief executive of the council is expected to write to the university and demand more information about the centre's repair costs and finances after a motion was passed on Wednesday evening. Save the National Glass Centre campaigners said they were "surprised and delighted" to see cross-party support for the move, and called for the building to be taken into public ownership. A spokesperson for the university said it had been "completely transparent in its decision making" about the closure. The National Glass Centre is set to shut in July 2026. The university had said damage to the building would cost between £14m and £45m to repair - and "no individual or organisation" had offered financial support towards the refurbishment. But the motion, put forward by Conservative councillor Michael Hartnack, questioned the accuracy of the estimated repair bill. It also demanded information about the site's ownership and finances. A university spokesperson said consultation reports about the repair costs had been available to the public on their website for the past two years. "We welcome the questions from the chief executive of Sunderland Council and will continue to be open and transparent in our answers," they added. A spokesperson for the campaign group to save the centre said the latest development was "a powerful and encouraging step forward". They said: "For years, we have been calling for local leadership to stand up for the National Glass Centre, and we're genuinely heartened that councillors have united to take action. "We also renew our call for the University of Sunderland to be more transparent about the circumstances leading to the closure." A university spokesperson said it had accepted an invitation to appear at the council's Economic and Prosperity Committee in January over the closure, but was asked to provide a written statement instead due to the number of items on the agenda. "This was supplied as requested," they said. The upcoming letter is also expected to ask questions about Glassworks, the new facility set to replace the centre. It would be based in the former Peter Smith antiques warehouse in Sunniside and be run by arts organisation Sunderland Culture. However, the motion said the new scheme "fails to address the loss of expertise" caused by the closure of the national centre and was only "partially costed". The £7.5m facility has secured £5m from the government's Cultural Development Fund, with efforts under way to raise the remaining £2.5m. A spokesperson for Sunderland Culture previously said its fundraising target reflected the costs "for making the building fit for purpose as a glass-making space". Follow BBC Sunderland on X, Facebook, Nextdoor and Instagram. Concerns raised about glass centre's repair costs Why is the National Glass Centre closing? Proposed new Glassworks site announced National Glass Centre
BBC News
2 days ago
- Business
- BBC News
Sunderland University welcomes Glass Centre closure questions
Sunderland University has said it welcomes questions from the local authority over the decision to close the National Glass chief executive of the council is expected to write to the university and demand more information about the centre's repair costs and finances after a motion was passed on Wednesday evening. Save the National Glass Centre campaigners said they were "surprised and delighted" to see cross-party support for the move, and called for the building to be taken into public ownership.A spokesperson for the university said it had been "completely transparent in its decision making" about the closure. The National Glass Centre is set to shut in July 2026. The university had said damage to the building would cost between £14m and £45m to repair - and "no individual or organisation" had offered financial support towards the the motion, put forward by Conservative councillor Michael Hartnack, questioned the accuracy of the estimated repair also demanded information about the site's ownership and finances.A university spokesperson said consultation reports about the repair costs had been available to the public on their website for the past two years."We welcome the questions from the chief executive of Sunderland Council and will continue to be open and transparent in our answers," they added. 'Genuinely heartened' A spokesperson for the campaign group to save the centre said the latest development was "a powerful and encouraging step forward".They said: "For years, we have been calling for local leadership to stand up for the National Glass Centre, and we're genuinely heartened that councillors have united to take action."We also renew our call for the University of Sunderland to be more transparent about the circumstances leading to the closure." A university spokesperson said it had accepted an invitation to appear at the council's Economic and Prosperity Committee in January over the closure, but was asked to provide a written statement instead due to the number of items on the agenda."This was supplied as requested," they said. The upcoming letter is also expected to ask questions about Glassworks, the new facility set to replace the centre. It would be based in the former Peter Smith antiques warehouse in Sunniside and be run by arts organisation Sunderland the motion said the new scheme "fails to address the loss of expertise" caused by the closure of the national centre and was only "partially costed".The £7.5m facility has secured £5m from the government's Cultural Development Fund, with efforts under way to raise the remaining £2.5m.A spokesperson for Sunderland Culture previously said its fundraising target reflected the costs "for making the building fit for purpose as a glass-making space". Follow BBC Sunderland on X, Facebook, Nextdoor and Instagram.
