News
WASHINGTON (BRAIN) — President Joe Biden signed the Bonneville Shoreline Trail Advancement Act into law on Dec. 29 as part of the year-end omnibus federal spending legislation.
LOUISVILLE, Colo. (BRAIN) — Specialized Bicycle Components bought the award-winning office building here previously owned by Pearl Izumi, for $14.9 million.
The company said Thursday that it would use the space for an innovation center.
MORGAN HILL, Calif. (BRAIN) — Specialized announced Wednesday that it is laying off 8% of its workforce in what the company called a “transformation.” The layoffs are across the company globally, including at company-owned retail stores in the U.S. and overseas.
FOUNTAIN VALLEY, Calif. (BRAIN) — Pedego Electric Bikes announced it will sponsor a national e-bike safety program with its North American retailers offering free instruction.
DETROIT (BRAIN) — Detroit Bikes' new DB-E model has a U.S.-made steel frame, VEER belt drive and a Zehus hub motor with integrated battery. The bike weighs just 32 pounds, the company says.
SALT LAKE CITY, Utah (BRAIN) — Emerald, the parent of the Outdoor Retailer shows, has acquired the consumer event company Lodestone Events. Lodestone is the producer of the Overland Expo consumer shows and is producing Outdoor Adventure X, Emerald's first outdoor consumer event.
PETALUMA, Calif. (BRAIN) — Component brand White Industries has purchased the wheel brands Rolf Prima and Astral Cycling.
(BRAIN) — Do Class 3 e-bikes fall into a black hole of product categories, neither bicycles nor motorcycles, able to charge about the landscape unplugged and unregulated, with no government safety oversight?
EL PASO, Texas (BRAIN) — Helen of Troy's third quarter net sales fell 10.6% year-over-year for the period that ended Nov. 30.
PHILADELPHIA (BRAIN) — State Farm Insurance Company's lawsuit against Rad Power Bikes could be settled later this month after Judge Chad F. Kenney referred the case to another judge to conduct a pre-trial settlement conference on Jan. 17.
WASHINGTON (BRAIN) — QBP is recalling about 8,740 carbon dropbars in the U.S. and another 350 in Canada because they can crack where brake/shift levers are installed. The bars were sold under the Salsa and Whisky brands and included on three Salsa bike models.
LAS VEGAS (BRAIN) — At this week's consumer electronics show, CES, CAKE is showing its first e-bike, a $6,500 Class 2 e-cargo bike aimed at "working professionals."
WASHINGTON (BRAIN) — The Consumer Product Safety Commission and Peloton Interactive have agreed to a $19 million civil penalty settlement over CPSC's charges that Peloton failed to report a defective treadmill that created a risk of serious injury to consumers.
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