Rhea County's SimplyBank helps fund gym upgrade and other business news

Staff file photo / Simply Bank will be expanding into the former Atlantic Capital building in the East Brainerd neighborhood of Chattanooga.

Rhea County's SimplyBank, donors fund gym HVAC unit

Youth and adult athletes using the gym in the Rhea County Community Center (RC3) this summer are keeping their cool thanks to the help of SimplyBank and other donors to the nonprofit facility in downtown Dayton.

A new $70,000 central heating and air conditioning unit was installed at RC3 for the first time after SimplyBank agreed to provide a $35,000 matching grant and other donors raised the rest of the money needed for the new equipment.

"A lot of people said this project would never get off the ground, and that we were dreaming too big." Cindy Horton, executive director at RC3, said in a statement. " When our cost was essentially cut in half last fall thanks to SimplyBank's matching donation, excitement spread and our donors were energized to get this project across the finish line."

The Dayton community center gym hosts youth and adult sports like basketball and volleyball, as well as Silver Sneakers and after-school programming, and summer youth camps.

CBS is top network for 15 straight years

CBS is television's most popular network for the 15th straight year, even though the bragging rights don't mean quite what they used to. Its streak began before people knew what streaming or cord-cutting meant, when CBS' prime-time live audience was roughly double what it is now.

The Nielsen company says CBS beat NBC, Fox and ABC in that order, the same standings from a year ago. A typical television season runs from September to May.

NBC's 'Sunday Night Football' was the most popular prime-time program. CBS' 'NCIS' was the most-watched drama, while 'Young Sheldon' held the honors for comedy.

Neuralink gets OK for trials on people

Elon Musk's brain implant company Neuralink says it's gotten permission from U.S. regulators to begin testing its device in people. The company made the announcement on Twitter Thursday evening.

Officials with the U.S. Food and Drug Administration wouldn't confirm or deny whether the agency granted the approval, but a press officer acknowledged the announcement. Neuralink is one of many groups working on linking the nervous system to computers.

The Neuralink device is about the size of a large coin and is designed to be implanted in the skull. Musk previously said one of the first applications in people would to attempt to restore vision.

BP cancels flights as summer starts

British Airways has canceled dozens of flights due to computer problems in a rocky kickoff to Europe's summer travel season.

The plans of thousands of travelers have been disrupted Friday at the start of a busy holiday weekend. Technical glitches and strikes by airport staff across Europe are stirring concerns about a repeat of last summer's post-pandemic air travel chaos that meant delays, cancellations and mountains of lost luggage.

International Air Transport Association says some disruptions are expected but the challenges keeping up with post-pandemic demand have been resolved. It warned about strikes in places like France. Security guards also have walked out at Heathrow, where most of the affected flights are on short-haul routes.

Credit Suisse ordered to pay for trust failure

A Singapore court says Credit Suisse owes former Georgian Prime Minister Bidzina Ivanishvili hundreds of millions of dollars for failing to protect the billionaire's money in a trust pilfered by a manager.

The decision Friday is the latest scandal for the Swiss bank whose yearslong problems forced its takeover by a rival. Ivanishvili sued after an employee managing his trust "misappropriated many millions of dollars" over nine years.

Credit Suisse says the decision is wrong and plans to appeal. The judge found that the lender "is liable to compensate the plaintiffs for their loss." That's been calculated at $926 million, minus $79.4 million that the bank agreed to pay last year in a settlement.

Walgreens to cut 504 corporate jobs

Walgreens is eliminating 504 corporate jobs, representing about 10% of the retail pharmacy giant's corporate workforce, the company confirmed late Thursday.

The affected jobs are mostly at Walgreens' Deerfield, Illinois, and Chicago offices. The roles represent about 1% of its overall U.S. workforce.

"As we continue to transform our business into a consumer-centric health care company, we are focused on aligning our structure and streamlining our operations to best serve our patients and customers," Walgreens said in a statement Thursday night.

The affected employees are not based in stores, microfulfillment centers or call centers, Walgreens said in the statement. "We're grateful for the many contributions by the team members who will be leaving our organization, and are committed to supporting them as much as possible during this transition."

— Compiled by Dave Flessner