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‘New town’ and transport links by key motorway junction set for approval

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Area sits near key employment sites under Atom Valley plans

Overview of the planned Simister Bowlee site

An overview of the planned Simister Bowlee site(Image: Simister Bowlee Development Framework document)

A masterplan to effectively build a new town on farmland just next to a key M60 motorway junction is set to be approved this week. A total of 1,550 new homes are earmarked for a large chunk of land between Simister and Bowlee.

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New roads, transport stations and connections to walking and pedestrian routes are all mooted. New schools, health services, local shops, community space, growing gardens are also touted as part of this huge project.

The area is already situated next to big employment sites, with more expected over the next two decades as part of the wider Atom Valley scheme.

Atom Valley is one of six growth locations in Greater Manchester and includes significant parts of Bury, Oldham and Rochdale. It is a vast area of 17m sq ft employment space, with the potential to offer 20,000 ‘highly skilled’ roles in the technology and manufacturing sectors as well as thousands of new homes.

This Simister and Bowlee scheme falls under the project named the Northern Gateway. New transport links are seen as key to connecting the new homes to what is expected to become the largest and most accessible employment and innovation hubs in the region, driving substantial investment into Greater Manchester.

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Metrolink extensions to Middleton as well as the new tram-train are seen as key in these plans. The tram-train would be a new public transport vehicle that could travel on both rail lines and tram tracks, without being connected to the overhead lines.

The Simister and Bowlee site is 98 hectares and encompasses land to the east and west of Heywood Old Road (the A6045). It is predominantly agricultural grazing land divided into fields by boundaries of hedgerows, fencing and trees.

Like many of the areas targeted in the Northern Gateway scheme, the site is not well served by public transport. Although it is expected to benefit from the proposed Metrolink extension, that is possibly decades away.

In the meantime, road infrastructure improvements and the creation of cycle and pedestrian routes are on the cards for the short term. The connections across the Atom Valley area would be expected to be established through a new Metrolink tram extension to Middleton and further afield after two decades of development.

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The Simister Bowlee Development Framework document reads: “The Simister Bowlee site represents the largest combined employment and residential growth opportunity in the north of England.

Agricultural land off Heywood Old Road

The agricultural land off Heywood Old Road(Image: Simister Bowlee Development Framework document)

“This development will help address Greater Manchester’s acute housing and affordability crisis by delivering a diverse mix of homes for all life stages, supported by essential community facilities, a new primary school and accessible green spaces.

“Located across Bury and Rochdale boroughs, this neighbourhood will become a place future generations come to live, work and play.”

Rochdale’s town hall bosses are expected to sign off on the progress of the draft framework document at their cabinet meeting next week in Number One Riverside (February 5).

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J&K Ingredients, biotechnology company partner on freshness

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J&K Ingredients, biotechnology company partner on freshness

The partnership will focus on extending shelf life in baked foods.

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Disney Succession Drama Heats Up as Nelson Peltz Targets Bob Iger

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Disney Channels Remain Blocked on YouTube TV, Causing $30 Million

Disney’s long-running leadership drama is heating up again as activist investor Nelson Peltz accuses outgoing CEO Bob Iger of shaping the company’s succession plan to keep control behind the scenes.

The clash centers on Iger’s choice of theme parks chief Josh D’Amaro as his successor, a move Peltz claims is designed to justify Iger’s continued influence at the company.

In comments to The Wall Street Journal, Peltz said Iger favored D’Amaro over entertainment executive Dana Walden so he could stay involved after stepping down.

“Iger needs a reason to stay on,” Peltz said, arguing that choosing a parks executive over a Hollywood veteran creates space for Iger to remain a guiding force.

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D’Amaro, 54, is set to take over as CEO next month, while Iger will stay on as a Disney director and senior adviser through the end of the year.

Walden, once seen by many as the top contender for the role, was instead named president and chief creative officer, a newly created position. The decision has raised questions about whether Disney’s leadership transition will truly mark a clean break or repeat past mistakes.

Peltz pointed to Disney’s troubled last succession as a warning. In early 2020, Iger handed the CEO job to Bob Chapek, another parks executive, just weeks before the COVID-19 pandemic shook the company.

Iger remained as executive chairman, which led to overlapping authority and internal tension.

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Disney Board Defends Succession

Chapek’s short tenure was marked by clashes with talent, employee unrest, political backlash in Florida, and growing losses in streaming. In November 2022, Disney’s board fired Chapek and brought Iger back as CEO.

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According to Peltz, history could repeat itself. He predicted that Iger may later claim D’Amaro lacks movie business experience and step in again to “guide” the company. Disney has not commented on Peltz’s latest remarks.

The Disney board, however, has defended the new plan. Board chairman James Gorman said the succession process was handled carefully and unanimously approved.

He noted that D’Amaro has spent years on Iger’s operating committee and has worked closely with film leaders, including helping bring major franchises like Avatar into Disney’s parks.

Peltz has been a vocal critic of Disney for years. Through his hedge fund, Trian Fund Management, he built a large stake in the company in late 2022 and launched multiple proxy fights, arguing Disney lost focus and failed at leadership planning.

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After losing a high-profile shareholder vote in April 2024, Peltz sold his entire Disney stake for a significant profit.

Originally published on vcpost.com

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Samsung Stock Leaps By Most Since 2008

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Samsung Stock Leaps By Most Since 2008

The Kospi index added 6.8%—a bigger snapback than last April’s rebound following President Trump’s “Liberation Day” tariff plans.

Leading the charge was index heavyweight Samsung Electronics, which surged more than 11%. Samsung is the world’s top memory-chip maker and a leading smartphone producer.

Tuesday marked Samsung’s biggest one-day gain since October 2008, as the global financial crisis roiled world markets.

A U.S. exchange-traded fund tracking Korean shares, the iShares MSCI South Korea ETF (EWY), gained about 4% in Tuesday morning trading.

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Altria: Buy For The Medium Term (Rating Upgrade) (NYSE:MO)

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Altria: Buy For The Medium Term (Rating Upgrade) (NYSE:MO)

This article was written by

Manika is a macroeconomist with over 20 years of experience in industries including investment management, stock broking, investment banking. She also runs the profile Long Term Tips [LTT], which focuses on the generational opportunity in the green economy. Her investing group, Green Growth Giants, takes the theme a step further from LTT with a deeper dive into opportunities presented by the segment.

Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, but may initiate a beneficial Long position through a purchase of the stock, or the purchase of call options or similar derivatives in MO over the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha’s Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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Wall Street Lunch: Washington Post Lays Off A Third Of Staff

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Wall Street Lunch: Washington Post Lays Off A Third Of Staff

Exterior of The Washington Post building

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Listen below or on the go via Apple Podcasts and Spotify

The paper shutters Sports desk, curbs local and international coverage. (0:15) AMD plunges despite earnings. (1:02) Bitcoin extends selloff as Michael Burry warns of a crypto death spiral. (2:15)

The following is an abridged transcript:

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The Washington Post announced sweeping layoffs, cutting about one-third of its staff and gutting major parts of the newsroom as owner Jeff Bezos and his leadership team struggle for a path to profitability.

Staffers described the day as a “bloodbath,” and the moves signal a sharp narrowing of the Post’s ambitions as it looks to right the ship, with reports of steep losses — including an estimated $100M in 2024.

The paper is dismantling its Sports desk, closing the Books section, and suspending the daily Post Reports podcast. International coverage is also being scaled back, while the Metro desk — once the heartbeat of the paper in the Watergate era — is being heavily reduced.

The cuts come after weeks of internal concern, including public pleas from journalists urging Bezos to change course. And during the layoffs Zoom meeting, one reporter described the mood as “funereal.”

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Among active stocks, AMD (AMD) is plunging despite beating on both the top and bottom lines.

J.P. Morgan analyst Harlan Sur said the big question is whether AMD can show real operating leverage — and until it does, the stock may stay under pressure, especially with potential margin risk as it ramps MI450/Helios later this year.

Eli Lilly (LLY) is bouncing back after topping Street forecasts with its Q4 results and 2026 outlook. Its GLP-1 drugs Mounjaro and Zepbound beat revenue expectations, with both up more than 100% from a year ago.

Uber (UBER) is lower after missing Wall Street’s lofty Q4 profit expectations, as a shift toward cheaper rides and higher insurance costs weighed on results. But the company also updated its autonomous vehicle plans, aiming to operate AVs in 15 cities by year-end.

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AppLovin (APP) is sliding after AdExchanger reported on CloudX, a new AI-infused startup that could shake up the mobile advertising stack. The report said CloudX will use large language models to automate work typically done by engineers and ad ops teams.

And MGM Resorts (MGM) is rallying after BetMGM said 2025 was a record year, with net revenue reaching about $2.8B and adjusted EBITDA of $220M, driven by strong growth in both online sports betting and iGaming.

In today’s trading, bitcoin (BTC-USD) resumed its slide after a crypto selloff in the previous session that wiped out nearly $470B in market cap.

And “Big Short” investor Michael Burry warned the selloff could turn into a self-reinforcing “death spiral,” potentially causing lasting damage to companies that have spent the past year stockpiling bitcoin.

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In a Substack post seen by Bloomberg, Burry argued that bitcoin has been revealed as largely speculative — failing to establish itself as a debasement hedge like precious metals.

“Sickening scenarios have now come within reach,” he wrote. If bitcoin falls another 10%, Strategy (MSTR) — the world’s largest corporate crypto treasury — could be billions in the red and “find capital markets essentially closed.” Further declines, he said, could push crypto miners toward bankruptcy.

And in other news of note, Claude is getting a little salty with ChatGPT.

Nearly three weeks after OpenAI (OPENAI) confirmed it would begin testing ads inside its near-ubiquitous chatbot, competitor Anthropic (ANTHRO) declares itself above the ad dollar.

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Anthropic said: “We want Claude to act unambiguously in our users’ interests. So we’ve made a choice: Claude will remain ad-free.” The company added that users won’t see “sponsored” links next to their conversations, and Claude’s responses won’t be influenced by advertisers or include third-party product placements they didn’t ask for.

Anthropic didn’t mention ChatGPT or OpenAI by name, but the message is a pretty clear shot across the bow — and the debate over ad-supported AI is now echoing across the entire sector.

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The Hershey Co. adds spicy gummies

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The Hershey Co. adds spicy gummies

Jolly Rancher Heat Wave Gummies are available in five flavors. 

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ECB Survey Records ‘Unexpected’ Tightening in Bank Lending

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ECB Survey Records ‘Unexpected’ Tightening in Bank Lending

Eurozone banks tightened their conditions for loans to businesses in the final three months of 2025, an unexpected development lenders expect will continue in the early months of this year, the European Central Bank said Tuesday.

Publishing the results of a quarterly survey, the ECB said much of the tightening was reported in Germany and France, and “partly but not exclusively” involved loans to businesses that were affected by higher U.S. tariffs.

Copyright ©2026 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

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Atlanta newspaper announces 50 job cuts across newsroom and business operations

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Atlanta newspaper announces 50 job cuts across newsroom and business operations

The Atlanta Journal-Constitution (AJC) announced Tuesday that it would be laying off newsroom employees along with other staff across the company, according to the outlet.

About 50 positions will be cut as part of the layoffs and roughly half are newsroom positions, according to the AJC, which is 15% of the paper’s total staff.

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“We’ve made these difficult decisions because we believe they will best position us to continue to accelerate the AJC’s growth,” President and Publisher Andrew Morse said, according to the paper. “We have invested heavily in our editorial, product and business teams over the last three years, and we’ve seen direct results from that investment.”

The paper previously announced in August that it would be cutting jobs and scrapping its print edition starting in 2026, with the final issue scheduled for Dec. 31, 2025.

BROADCAST BIAS: MEDIA CIRCLE THE WAGONS TO PROTECT THEIR ANTI-TRUMP REPORTING

Copies of the Atlanta Journal-Constitution

Copies of The Atlanta Journal-Constitution are seen on a newspaper rack on Aug. 28, 2025, in Atlanta, Georgia.  (Elijah Nouvelage / Getty Images)

“As we grow, we must be agile and ensure we are devoting resources where they will have the most impact for our audience,” Morse said. “While these changes are difficult on a personal level, they will best position the AJC to continue delivering journalism worth paying for.”

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The decision to eliminate the print paper resulted in the “elimination of about 30 full- and part-time jobs involved in designing and distributing the newspaper” as the Atlanta Journal-Constitution shifted to digital-only publishing.

Staffers were alerted on Tuesday that the AJC offices would be closed Wednesday, and it would be a remote workday.

ATLANTA NEWSPAPER STUNNED BY DEMOCRATS PICKING CHICAGO FOR 2024 NATIONAL CONVENTION: ‘SAY IT AIN’T SO, JOE’

Atlanta Journal-Constitution newstand

 Print copies of The Atlanta Journal-Constitution are seen on a newspaper rack inside a Kroger supermarket on Aug. 28, 2025, in Atlanta, Georgia.  (Elijah Nouvelage / Getty Images)

Employees affected by the layoffs will be briefed in meetings on Wednesday and will receive severance packages, according to the paper.

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Morse told the AJC that the paper’s owner, Cox Enterprises, believes the transformation to digital only will be beneficial in the long term.

“We are not taking our foot off the gas,” he said. “Cox remains deeply committed to the AJC, our team remains deeply committed to growth, and we will continue to invest in areas that are critical to the growth of our organization.”

CLICK HERE FOR MORE COVERAGE OF MEDIA AND CULTURE

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The Atlanta Journal-Constitution published its last print edition on Dec. 31.  (iStock / Getty Images)

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Fox News’ Brian Flood contributed to this report.

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Thousands evacuated as storm hits Spain, Portugal

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Thousands evacuated as storm hits Spain, Portugal
Ronda: A storm unleashing up to 35 centimetres (14 inches) of rain in 24 hours battered the Iberian Peninsula on Wednesday, forcing thousands of people in southern Spain from their homes, shutting schools and cancelling trains.

Spanish weather agency AEMET placed parts of the southern region of Andalusia under the highest red alert for the torrential rain dumped by Storm Leonardo.

An “extraordinary amount of rain” was falling in a region where “the ground is very saturated and riverbeds are already carrying a lot of water” from recent precipitation, AEMET spokesman Ruben del Campo said.

The mayor of the nearby city of Ronda, Maria Paz Fernandez, told public broadcaster RTVE that “the ground can no longer absorb” the constant downpours, speaking of “numerous landslides” in the surrounding rural areas.

Andalusia’s top emergency official, Antonio Sanz, told a press conference that the situation was “very worrying” in the nearby mountainous municipality of Grazalema, where AEMET predicted up to 35 centimetres of rain in 24 hours.

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Around 3,500 people had been evacuated in Andalusia, where more than 650 incidents were recorded, none of them causing serious damage, Sanz said, adding that one person was injured in a building collapse.
Spanish police published footage of flooded fields and torrents of water that were engulfing buildings and vehicles.Hundreds of soldiers deployed to assist the rescue services, while all Andalusian schools were closed apart from in the region’s easternmost province of Almeria.

State railway company Renfe announced the cancellation of almost all suburban, regional and long-distance trains across Andalusia, with no bus replacement services possible due to the state of the roads, dozens of which were closed.

Scientists say human-driven climate change is worsening the intensity, frequency and length of such extreme weather events.

In October 2024, Spain suffered its deadliest floods in decades with more than 230 people killed, mostly in the eastern region of Valencia.

Portugal hit again
In Portugal, the emergency services had dealt with more than 3,300 incidents since Sunday, mostly due to flooding, falling trees and landslides, according to the Civil Protection authority.

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The service had deployed more than 11,000 people to respond to the emergency, and around 200 residents were evacuated in central Portugal on Wednesday.

In Alcacer do Sal, south of Lisbon, the Sado river had burst its banks and the rising water had submerged the town’s main avenue, AFP journalists saw.

The Lisbon region and the Algarve in the south were most affected, with the rain and wind predicted to reach peak intensity overnight Wednesday to Thursday.

Tens of thousands of customers remained cut off from the power grid following last week’s Storm Kristin, which killed five people and injured hundreds.

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Unifi, Inc. (UFI) Q2 2026 Earnings Call Transcript

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OneWater Marine Inc. (ONEW) Q1 2026 Earnings Call Transcript

Q2: 2026-02-03 Earnings Summary

EPS of -$0.48 beats by $0.09

 | Revenue of $121.37M (-12.61% Y/Y) beats by $1.19M

Unifi, Inc. (UFI) Q2 2026 Earnings Call February 4, 2026 8:30 AM EST

Company Participants

Albert Carey – Executive Chairman
Edmund Ingle – CEO & Director
A.J. Eaker – CFO, Executive VP & Treasurer

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Conference Call Participants

Anthony Lebiedzinski – Sidoti & Company, LLC

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Presentation

Operator

Good morning, and thank you for attending Unifi’s Second Quarter Fiscal 2026 Earnings Conference Call. During this call, management will be referencing a webcast presentation that can be found in the Investor Relations section of unifi.com. Please familiarize yourselves with Page 2 of the slide deck for cautionary statements and non-GAAP measures.

Today’s conference is being recorded [Operator Instructions]. Our speakers are listed on Page 3 of today’s presentation and include Al Carey, Executive Chairman; Eddie Ingle, Chief Executive Officer; A.J. Eaker, Chief Financial Officer.

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I will now turn the call over to Al Carey. Please turn to Page 4 of the presentation. You may begin.

Albert Carey
Executive Chairman

Thank you. Well, good morning, everyone, and thanks for joining our call this morning. I’m happy to report that we’re beginning to see results in our business that are coming from a major effort that began one year ago, which is essentially resetting our cost base in North America business. The closing of the Madison facility and the reduction of costs across the board have created clear operating improvements that are going to allow us to make healthy profits on a much smaller sales level.

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Now a couple of highlights, and A.J. will go into more details on these later on. We’re pleased to see improved profit margins improved free cash flow. We have dramatically improved our inventory turns and it’s probably the best we’ve seen in recent history. We have 25% fewer people in North America, and our plant efficiencies have come way up from the summertime now that all

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