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How might Americans' experience with inflation translate into votes? Putin raises the stakes as he watches Russia practice for nuclear war. Hospitals near capacity with severe virus patients.
Copyright 2022 NPR
How might Americans' experience with inflation translate into votes? Putin raises the stakes as he watches Russia practice for nuclear war. Hospitals near capacity with severe virus patients.
Copyright 2022 NPR | https://www.publicradiotulsa.org/2022-10-27/news-brief-voters-consider-inflation-dirty-bomb-claim-respiratory-infection-surge | 2022-10-27T11:29:12 | en | 0.92731 |
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What would it be like to live in a world where everything that was printed in an ad or said in a commercial were true, without you having to read the fine print?
It seems that's the world that Matthew Sinatro and Jessica Prost are seeking to build — at least when it comes to spaghetti.
The two are behind a class action lawsuit against the pasta-making company Barilla, which they say is deliberately deceiving shoppers by using the slogan "Italy's #1 Brand of Pasta" on its packaging.
Despite the green, white and red stylized Italian flags displayed on the blue boxes of angel hair, fusilli and bowtie pastas, a complaint filed in Northern California notes that the majority of the company's products sold in the U.S. are produced in Iowa and New York and are not made with ingredients sourced from Italy.
Do people pay more for the idea of Italian-made products? Plaintiffs say certo
Sinatro and Prost argue in their complaint that they were duped by the company's alleged "false advertising" and deceptive marketing practices and that they would not have spent a combined total of $6 on Barilla products had they known the pastas they were taking home were made in the United States. Instead, they would have opted for cheaper alternatives.
"[C]onsumers willingly pay more for Italian sounding and/or looking products," and Barilla leveraged the implied connection to Italy "[i]n an effort to increase profits and to obtain an unfair competitive advantage," the complaint states.
Barilla did not respond to NPR's requests for comment, but the company does address the issue on its website.
Only two of Barilla's U.S.-sold pastas are from Italy
"Barilla Pasta that is sold in the United States is made in our plants in Ames, IA and Avon, NY, with a few exceptions. Barilla Tortellini and Barilla Oven Ready Lasagne are made in Italy," the website states.
The site also notes that the recipes used in the U.S. are the same as those used in Parma, Italy, and that the pastas are made by the same types of machines. The company's 2021 financial report states that the U.S. "continues to represent the most important market in the [Americas] region."
Court documents show that Barilla filed to get the case dismissed, arguing that Sinatro and Prost couldn't prove that they suffered financial harm. Sinatro, who lives in San Francisco, purchased one box of angel hair pasta for about $2, while Prost bought two boxes of spaghetti for approximately $2 each at a grocery store in Los Angeles, according to the complaint.
The company moved to dismiss the case in August, but a judge rejected the request last week.
Copyright 2022 NPR. To see more, visit https://www.npr.org. | https://www.publicradiotulsa.org/npr-national-news/npr-national-news/2022-10-27/2-californians-bought-barilla-pasta-thinking-it-was-made-in-italy-now-theyre-suing | 2022-10-27T11:29:18 | en | 0.978615 |
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On a recent evening, Ryan Hampton stood in front of a crowd of people in Spokane, Wash., urging them to see drugs and addiction as a key issue in the midterm elections.
"We see these overdose numbers hitting new historic highs," Hampton said, referring to the 107,622 Americans who died after using illicit drugs last year.
"How many in this room are voters? If you're a voter, raise your hand," he said, drawing cheers and applause. "Alright, good, good, good."
Hampton is an activist who was himself addicted to opioids for years, surviving repeated overdoses. He's traveled the country in a big bus, holding rallies like that one, trying to put the drug crisis back in the political spotlight.
Studies show tens of millions of Americans live with addiction and roughly 22 million people in this country are now in recovery. Hampton believes those people could make up a key voting bloc.
But in an interview with NPR, he voiced concern that the debate over drug policy has tilted in a dangerous new direction, with increasingly partisan attack ads focusing on the powerful synthetic opioid fentanyl.
Many Republicans are talking about opioids not as a public health problem, but as symptom of what they describe as a crime and border crisis. That worries some drug policy experts.
"Some of the rhetoric that we're hearing is not helpful," Hampton said. "It actually endangers us."
Republicans frame fentanyl in partisan attacks
Drug deaths have surged dramatically in recent years, and public health experts say these fatal overdoses have been fueled by the rapid spread of fentanyl and by social disruptions caused by the COVID pandemic.
Fentanyl has emerged as one of the top killers of young Americans, hitting Black and Native Americans especially hard.
Until recently, the public response to the opioid crisis has been remarkably bipartisan, de-emphasizing drug war-era strategies like police and prisons and focusing more on treatment and housing.
But through the late summer and fall, Republicans in close campaigns began hitting Democrats hard on the drug issue, linking fentanyl deaths with rising crime and fears about border security.
"John Fetterman supports decriminalizing dangerous drugs like fentanyl and heroin," declares one of Republican Mehmet Oz's attack ads in the Pennsylvania U.S. Senate race. "Fetterman's ideas are radical, deadly and wrong."
Some of the attacks reflect real policy differences. Oz has blasted Fetterman for the Democrat's support for creating supervised drug injection sites, an idea Oz opposes.
Fetterman, by contrast, has called in the past for drug decriminalization, though he's backed away from that proposal during this campaign. He's also supported more medical services for people who actively use street drugs, arguing it could help reduce fatal overdoses.
"I think it's important that we as a society have all the options on the table," Fetterman said in a 2018 interview, "including needle exchanges ... and even safe injection sites that are being considered like, say, in Philadelphia."
This idea remains controversial in the U.S., but has been endorsed by a wide range of mainstream health care experts, including the American Society of Addiction Medicine.
Conspiracy theories and culture war jabs
Other Republican attacks are completely divorced from the facts.
In Ohio, Republican Senate candidate J.D. Vance echoed a right-wing conspiracy theory that Democrats are deliberately allowing Mexican drug cartels to smuggle fentanyl into the U.S.
"If you wanted to kill a bunch of MAGA voters in the middle of the heartland, how better than to target them and their kids with this deadly fentanyl ... and it does look intentional," Vance said in an April interview with the right-wing media outlet Gateway Pundit.
In fact, efforts to target the drug cartels inside Mexico collapsed in 2020 during the final months of the Trump administration. Over the last two years the Biden administration has scrambled — without much success, according to most experts — to reduce the flow of fentanyl into the U.S.
In one of the Ohio Senate debates this fall, Democrat Tim Ryan counter-punched Vance on the drug issue, arguing that by embracing a conspiracy theory, the Republican had aligned himself with an "extremist movement."
"Who says that the president of the United States is intentionally trying to kill people with fentanyl?" Ryan asked.
Still, Democrats clearly worry about looking soft on this issue. In a later Senate debate, Ryan echoed GOP ideas about stopping fentanyl traffickers with tougher border security.
"A stronger border, more border patrol, I disagree with President Biden when he's talking about relaxing some of the regulations down on the border," Ryan said.
Some Democrats have also embraced a Republican proposal that fentanyl be officially designated a weapon of mass destruction, an idea the Biden administration has rejected.
A Republican advantage and a fentanyl crackdown
Jessica Taylor, who analyzes Senate races for the Cook Political Report, thinks public fear over fentanyl may give the GOP an advantage.
She noted that polls seem to have shifted toward Republican candidates after the GOP began focusing on drugs, crime and the border.
"It's certainly a rising issue and I think it's one Republicans believe they have an advantage on and that may well bear out," said Taylor, who added that fears about security and drugs could eclipse voter concerns about more Democrat-friendly issues like abortion.
"I think this is really aimed at sort of getting back wayward suburban voters the [Republican] party saw eroding, particularly women," she said.
Hampton, the addiction activist who's been traveling the country, worries the GOP's reframing of the drug debate will continue beyond the midterms.
He said some state legislatures are already moving to toughen fentanyl laws, an approach that means more focus on police, arrests and lengthy prison sentences.
"When we start to weaponize one particular drug such as fentanyl, we also weaponize the response and militarize the response," he said.
Hampton predicted a return to drug war-era policies would lead to more stigma for people living with opioid addiction, with less focus and money for treatment, housing and health care.
"We have seen this playbook before with crack cocaine and we saw the devastating results of that," he said.
Copyright 2022 NPR. To see more, visit https://www.npr.org. | https://www.publicradiotulsa.org/npr-national-news/npr-national-news/2022-10-27/in-close-races-republicans-attack-democrats-over-fentanyl-and-the-overdose-crisis | 2022-10-27T11:29:24 | en | 0.966243 |
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Mobile home values are rising at a rate nearly as fast as that of single-family homes, according to a study released earlier this month by online loan platform LendingTree.
The median value of a mobile home increased at an average annual rate of 34.6% between 2021 and 2016, compared to 35.4% for single-family homes, based on a LendingTree analysis of U.S. Census data.
But climbing values are where the similarities stop.
Residents of mobile homes say that unlike single-family homes, typically houses that buyers purchase as an investment as much as a residence, mobile homes become more burdensome with time. They can fall into disrepair, making them less attractive to potential buyers. And the private companies who own the land can lowball on price when offering to buy the homes.
Plus, for many mobile homeowners, choosing to sell right now would mean entering an even tighter housing and rental market.
So, even as the values of their homes rise, owners are finding they're stuck.
Getting less for more
As NPR previously reported, large companies have been buying out mobile home parks. They're raising the rent for the land the mobile homes sit on, increasing prices for typically low-income and elderly residents who say they aren't getting anything new.
"There's no repairs, there's no improvement in the warranty of habitability," said Yvonne Maldonado, a community organizer with grassroots group Manufactured Housing Action, referring to a requirement in all leases that owners ensure their properties are livable.
Landlords in most states are held to an implied "warranty of habitability" which requires owners to ensure that their properties are livable. But Maldonado, who is also a resident of a mobile home community in upstate New York, said big private companies often "do a lousy job" of providing services like trash and snow removal.
And inflation has been an added headache.
"It's hurting everyone," said Maldonado.
For Holly Hook, a resident at Swartz Creek Estates in Michigan, considered selling her home when a new company bought out the mobile park in 2018. But Hook soon realized that moving wouldn't be worth it.
She'd purchased her home, used, for $28,000, and the new company offered her less than $10,000.
"It gets harder and harder to sell, and you actually lose value in a lot of cases," said Hook.
Hook said she now lives with two roommates, and they split the monthly rent for the land the home sits on. She said some of her neighbors, many of whom are senior citizens living on fixed social security payments, have had to cut back on food and medicine.
"The community used to be really laid back, and people didn't worry about paying the rent because it was quite steady for years and years," said Hook. "All that relaxation and that feeling of security is just gone."
But fearing retaliation from the company that owns the land they live on, hardly anyone in her community is willing to speak up, she said.
"A lot of people feel powerless," she added.
The average sales price of a new mobile home was $124,900 this May, the most recent month for which there is data, according to the U.S. Census.
"A lot of it is a scarcity issue," said Alyson Snow, a housing rights lawyer who represents several mobile homeowners pro-bono and a professor at the University of San Diego's School of Law.
During the pandemic, factories were slower to roll out the parts needed for new manufactured homes, and there were fewer builders around, she said.
"Those shortages created fewer mobile homes in the market," said Snow.
And there are other risks associated with making any big purchase, said Snow. Buyers who take out bank loans are often hit with high interest rates and hidden fees, she said. People buying used mobile homes need to be sure that they're getting proper inspections, as well.
Plus, because mobile homeowners don't own the land their homes sit on, they constantly face the possibility of eviction.
"You are at the mercy of who's going to rent you the land," she said.
Copyright 2022 NPR. To see more, visit https://www.npr.org. | https://www.publicradiotulsa.org/npr-national-news/npr-national-news/2022-10-27/mobile-homes-are-rising-in-value-but-current-residents-cant-cash-out | 2022-10-27T11:29:30 | en | 0.98371 |
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When Nataki Garrett began to receive death threats early this year, she said her impulse was to retreat.
"When this first happened, I actually tried to isolate myself," said the Oregon Shakespeare Festival (OSF) artistic director in an interview with NPR. "The act of threatening is supposed to make you feel isolated. And it does."
But isolation isn't an option when you run one of the country's oldest and biggest non-profit theater companies.
So, a few months ago, OSF hired a private security detail to ensure Garrett's safety when out in public in Ashland, Ore. That's where OSF, which was founded in 1935, is based, and it's been Garrett's home since she took the high-profile job in 2019. "I can't go for a walk unless I let my security detail know and I plan a route," Garrett said. "It has completely upended my life."
The company said for security reasons it cannot divulge specifics about the death threats. But what was happening to Garrett was an open secret in Ashland for months – an escalation of the professional critiques and personal attacks the artistic director said she regularly faced since joining OSF. "In my first three months, I was called a "Black bitch" and followed home," Garrett said. "I had to have my housing relocated."
It was the artistic director's decision to share her story with NPR that set off a wave of responses and actions at both local and national levels.
Ashland responds
Ashland Mayor Julie Akins said she learned about the threats to Garrett during one of her regular meetings with OSF executive director David Schmitz a few weeks before the NPR story came out on Sept. 28. (Schmitz said he believes he first discussed the matter with the mayor at their Aug. 26 meeting.) At first, Akins said she did nothing with the news.
"I just didn't want to think that something like that could happen, that someone would make a death threat against a bold, brilliant woman who brings so much value to our community," Akins said. "I was a little slow to react."
Spurred by the media attention after NPR's story and after talking with OSF, she read out a statement in a city council meeting on Oct. 4 condemning the attacks and vowing to work towards making Ashland, a city of roughly 21,000 residents, around which 90% are white, a safer and more equitable place.
She said she's redoubling her efforts to diversify the city's administration, which is almost entirely white, and is in the process of hiring a Diversity, Equity and Inclusion manager. "It's not enough to say we don't support racism," Akins said. "You have to actually actively fight racism to get the work done."
Akins also engaged the local police force. Police chief Tighe O'Meara said he had no knowledge of the threats until he learned about them through NPR's coverage. He said representatives from the police department and the theater company are now planning to hold regular meetings with a view to improving the safety of both company members and the public.
"The Ashland Police Department takes very seriously any threats against community members, and especially if there's a bias crime involved," O'Meara said. "We want to have a closer partnership going forward."
The relationship between Ashland police and OSF has been fraught at times, especially when it comes to race relations. Last year, The American Civil Liberties Union (ACLU) of Oregon launched a $2 million lawsuit against the City of Ashland in response to the arrest without probable cause of actor Juan (Tony) Sancho. According to a report by the Oregonian, the Latino actor "ended up handcuffed to the floor of a cell in the county jail" after being apprehended while walking home after an evening of drinking in a downtown bar in 2019.
This incident shook Garrett. She cited it as one reason she didn't contact the police after the death threats against her started. "I didn't feel confident engaging with law enforcement," she said. "And I can't say that I do now."
Outpouring from supporters across the U.S.
If anything has given the artistic director confidence, it's the massive outpouring of support she's received from cultural organizations across the country after NPR's story went live. "What I am the most thankful for is the reminder that I'm not doing this work by myself," Garrett said.
News outlets including Playbill, Broadway World, the Oregonian and the Hollywood Reporter picked up the story. PEN America released a statement denouncing the threats, as did, in a joint statement, The Dramatists Guild, Theater Communications Group and the Shakespeare Theatre Association.
"We urge the industry to treat writers fairly, and to dismantle gatekeeping systems that stifle the expansion of the theatrical canon, impacting whose stories get told, how they get told, and by whom," said the joint statement in part. "Everyone of good conscience must stand together to reject hate and to embrace empathy; it is the only path towards systemic change."
Death threats not new
Garrett, though the most prominent, isn't the first person in OSF's long history to suffer such attacks in a state founded on exclusion laws that kept Black people out for decades. In 2016, for example, actress Christiana Clark posted a video on Facebook after a passing cyclist reportedly said to her: "It's still an Oregon law. I could kill a Black person and be out of jail in a day and a half. Look it up. The KKK is alive and well here."
Yet Garrett might be the only theater director in the country at this point with a private security detail. "There just haven't been a lot of Black women in positions of leadership at larger, predominantly-white organizations that have the kind of resources that OSF does," said Theatre Communications Group spokesperson Corinna Schulenberg.
Hana Sharif, one of the very few other Black women artistic directors of major theater companies in the U.S. and a friend of Garrett's, said she too has experienced her fair share of verbal abuse since coming on board to lead the Repertory Theatre of St. Louis a few years ago. But Sharif said she cannot imagine receiving threats to her physical safety in St. Louis, a much more racially-diverse city, where around half of the population is Black. "For me, it's not the same as Nataki," Sharif said. "No one's outside of my house. No one's stalking me as I take my kid to school."
Sharif is proud of Garrett for keeping on with her work – and for speaking up about the threats to her safety.
"The police are now forced to reckon with this threat publicly. The mayor is now forced to reckon with this publicly," Sharif said. "It is now part of the record and part of the history, and no one will be able to eradicate or erase that, which feels really important."
For her part, Garrett hopes the media attention from NPR and snowballing response from the wider community will lead to positive change.
"I am a part of a continuum, a practice that will create thriving, safe spaces for theater artists for generations to come," she said. "That is my goal and I need people to follow me down this path."
Copyright 2022 NPR. To see more, visit https://www.npr.org. | https://www.publicradiotulsa.org/npr-national-news/npr-national-news/2022-10-27/npr-reporting-on-oregon-theater-death-threats-prompt-local-and-national-response | 2022-10-27T11:29:36 | en | 0.980281 |
NEW ORLEANS — Ducks have taken roost on a sandy strip along the Mississippi River – a bank that's typically underwater.
"We have this nice little beach here that Black-bellied whistling ducks are enjoying," says Heath Jones, chief of emergency management at the New Orleans District of the U.S. Army Corps of Engineers.
Drought has sent water levels plunging to near record lows on the Mississippi River. A river gauge near Corps headquarters registers just 3 feet above sea level.
"It's approaching some historical lows that we've had here," Jones said on Oct. 19 as he looked out from the river levee.
The meandering Mississippi has a cool blue-green hue – different than the muddy current that typically rushes by.
More than a third of the rain in the United States ends up in the Mississippi River system. Jones says with little or no rainfall coming from the Midwest, the drought is causing problems along the river. Ships and barges are running aground, and navigation is slowed up and down the busy shipping corridor.
The salty Gulf is pushing upriver
Here in south Louisiana it's causing a unique phenomenon, changing the point at which the freshwater river and salty sea meet.
"As the flows in the Mississippi River drop, the Gulf of Mexico essentially comes upstream," Jones explains.
A saltwater wedge has crept along the river bottom nearly 64 miles upriver from the mouth of the Mississippi.
"It's almost like a triangle," Jones says. "As this flow in the Mississippi River drops, it loses its ability to keep saltwater at bay."
The saltwater intrusion is threatening both municipal drinking water supplies in the New Orleans metro area and commercial water users like oil refineries that depend on fresh water from the Mississippi.
"The Gulf is winning."
The biggest impact so far is in Plaquemines Parish with about 24,000 people and water-dependent industries south of New Orleans.
"The Gulf is winning," says councilman Benny Rousselle.
The parish has declared a state of emergency and issued a drinking water advisory.
Rousselle says salt water has already compromised two of the parish's water treatment plants and is threatening a third.
"We're bringing in some desalinization units," he says. "To be able to take the salt out and manufacture water."
Building a submerged levee to stop the saltwater wedge
To save Plaquemines' biggest plant, and protect the larger Orleans Parish water system, the Corps of Engineers is trying to block the saltwater from encroaching farther.
"We are building, for lack of a better term, an underwater levee," Jones says. "We call it a saltwater sill, but essentially it's a big mound of sand, a berm of sand that stops the saltwater."
A contractor pumps the sand from the river bed to create a submerged wall stretching from bank to bank across the Mississippi. The sill is built to allow 55 feet of clearance so big ships can still pass over it.
It's hard to imagine being able to stop water from flowing over a deep dam, but Jones says the dense saltwater stays at the bottom of the water column.
"The Gulf doesn't have the force to push it over the top."
Saltwater comes upriver to some extent every year, but has only threatened water supplies about every ten years. The Corps built similar multi-million-dollar underwater levees in 1988, 1999 and in 2012.
A taste of sea level rise
Some experts say saltwater intrusion could be a more frequent threat now that the Corps is dredging the Mississippi river even deeper for navigation, which allows the saltwater to move in faster. And, then there's climate change.
"You're really tasting sea level rise," says Mark Davis, director of the Tulane Institute on Water Resources Law and Policy.
"The more sea level rises, the more saltwater comes in," Davis says. "We've made it easier this year because we recently dredged the mouth of the river so it would be deeper, so larger cargo vessels can come in. And that just opens the door for even more salt."
For now, the underwater levee will remain in place until the Mississippi River has enough flow to eventually wash it away.
Copyright 2022 NPR. To see more, visit https://www.npr.org. | https://www.publicradiotulsa.org/npr-national-news/npr-national-news/2022-10-27/saltwater-is-moving-up-the-mississippi-river-heres-whats-being-done-to-stop-it | 2022-10-27T11:29:43 | en | 0.963242 |
Prices at the pump are falling, which is welcome news for Democrats this election season.
And a few weeks ago prices were rising, which was bad news for Democrats.
But no matter which way prices are going — and which way they go next — the cost of fuel simply doesn't have much to do with who is in office.
The government does have some limited levers to try to adjust prices. President Joe Biden's announcement of a massive release of oil from the strategic petroleum reserve earlier this year did move markets — temporarily.
But overwhelmingly, prices are set by the laws of supply and demand. Here's what you need to know.
What's driving prices down right now?
Two main forces are sending prices down.
One is an improving refinery situation. Last month, outages at refineries, particularly in the West and the Great Lakes area, sent prices in some regions skyrocketing.
"We were seeing, every day, gas prices increase by 10, 15, sometimes 20 cents a gallon," remembered Anlleyn Venegas, a San Diego-based AAA spokeswoman.
Now refineries are coming back online and the supply of gasoline is going up which, in turn, is pushing prices down.
Meanwhile, autumn has arrived. That means, like clockwork, pumpkin spice has taken over the grocery aisle, colorful leaves have taken over Instagram — and demand for gasoline has started to decrease. Americans drive less when it's colder, and gas prices almost always go down this time of year.
Add those together, and you get prices dropping every day since Oct. 11.
What about Biden's recent announcement of another release from the Strategic Petroleum Reserves?
That announcement was more of an update about the big release announced this spring; no new barrels of oil were involved.
"It wasn't a new announcement," says Patrick De Haan, of the price tracking app Gasbuddy. "The market had been expecting that ... it's really not moving the needle much."
The White House has certainly been trying to move prices down. In addition to that update on the SPR release, it also pledged to refill the strategic reserves if prices fall, an attempt to incentivize domestic oil producers to pump more oil by giving them a guaranteed buyer.
Earlier, it attempted to practice oil diplomacy and coax Saudi Arabia into boosting production. But the Saudis and their allies did the opposite with a major production cut earlier this month.
The Biden administration also excoriated oil companies for not keeping enough oil in inventory, and threatened export bans. (The industry warns such bans would backfire badly.)
None of those efforts can really be credited for today's falling prices.
This is a longstanding frustration for whoever is in the White House; while politicians are held responsible for gasoline prices, they have very limited tools for actually affecting those prices, and the tools they do have don't work super well.
What about the climate policy that the White House has set? Has that played a role in pushing prices up?
The White House says we need more oil in the short term, to meet energy needs, but less oil in the long term, to reduce the catastrophic impacts of climate change. Oil executives do not like that message, and say it makes it harder to plan investments.
However, as the White House takes pains to note, current federal policy is not blocking production. There's no drilling ban in place.
So why is U.S. production lower than it might be? There's a tug-of-war going on, between incentives to drill more oil and incentives to drill less. On the "more oil" side you have the profit a company can make on each new barrel it drills. On the "less oil" side, you have supply chain problems, labor shortages, investors who are enjoying high oil prices, and fears of a global recession, as well as the potential impact of long-term climate policies.
Could the government do more to set energy prices?
Some governments around the world simply own oil production within their borders outright and set fuel prices for their citizens regardless of market prices. Think of Venezuela, or Iran. The U.S. economy is, intentionally, set up very differently.
However, in Europe — in many countries with economies much more like the U.S. — governments are currently discussing some fairly unprecedented interventions into energy markets. The war in Ukraine has sent natural gas prices haywire. Politicians are deeply concerned about the availability and cost of heating, electricity and fuel. And they're looking at windfall taxes to claw back profits from energy companies, and rebates and price caps to cut costs for consumers. These proposals are attempts to more directly influence the prices consumers pay for energy in Europe.
It's far too soon to say whether those interventions will work out. Right now, though, similar proposals have not gained traction in Washington, D.C.
Copyright 2022 NPR. To see more, visit https://www.npr.org. | https://www.publicradiotulsa.org/npr-national-news/npr-national-news/2022-10-27/whether-gas-prices-are-up-or-down-dont-blame-or-thank-the-president | 2022-10-27T11:29:49 | en | 0.975894 |
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Car destroyed in Rockville crash; driver hospitalized
ROCKVILLE, Md. - A car was destroyed after a crash in Rockville Wednesday night.
The crash was reported around 9:30 p.m. along the southbound lanes of Wootton Parkway near Seven Locks Road.
The driver was transported to the hospital with serious injuries.
Roads in the area were temporarily closed. The cause of the crash is under investigation. | https://www.fox5dc.com/news/car-destroyed-in-rockville-crash-driver-hospitalized | 2022-10-27T11:32:59 | en | 0.984804 |
MILWAUKEE (AP) _ A.O. Smith Corp. (AOS) on Thursday reported third-quarter net income of $109.8 million.
On a per-share basis, the Milwaukee-based company said it had profit of 71 cents. Earnings, adjusted for non-recurring gains, came to 69 cents per share.
The results matched Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was also for earnings of 69 cents per share.
The maker of water heaters and boilers posted revenue of $874.2 million in the period, topping Street forecasts. Five analysts surveyed by Zacks expected $874.1 million.
A.O. Smith expects full-year earnings in the range of $3.05 to $3.15 per share, with revenue in the range of $3.72 billion to $3.79 billion.
A.O. Smith shares have fallen 39% since the beginning of the year. The stock has declined 21% in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on AOS at https://www.zacks.com/ap/AOS | https://www.myjournalcourier.com/business/article/A-O-Smith-Q3-Earnings-Snapshot-17537955.php | 2022-10-27T11:32:59 | en | 0.946709 |
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RICHMOND, Va. (AP) _ Altria Group (MO) on Thursday reported third-quarter net income of $224 million, after reporting a loss in the same period a year earlier.
The Richmond, Virginia-based company said it had profit of 12 cents per share. Earnings, adjusted for non-recurring costs, were $1.28 per share.
The results did not meet Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $1.31 per share.
The owner of Philip Morris USA, the nation's largest cigarette maker posted revenue of $6.55 billion in the period. Its adjusted revenue was $5.41 billion, also missing Street forecasts. Four analysts surveyed by Zacks expected $5.62 billion.
Altria expects full-year earnings in the range of $4.81 to $4.89 per share.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on MO at https://www.zacks.com/ap/MO | https://www.myjournalcourier.com/business/article/Altria-Q3-Earnings-Snapshot-17537982.php | 2022-10-27T11:33:06 | en | 0.950985 |
Replacement effort for sleep apnea device recall expected to drag into 2023, fueling frustration
WASHINGTON - A massive recall of millions of sleep apnea machines has stoked anger and frustration among patients, and U.S. officials are weighing unprecedented legal action to speed up a replacement effort that is set to drag into next year.
Sound-dampening foam in the pressurized breathing machines can break down over time, leading users to potentially inhale tiny black particles or hazardous chemicals while they sleep, manufacturer Philips warned in June 2021.
Philips initially estimated it could repair or replace the units within a year. But with the recall expanding to more than 5 million devices worldwide, the Dutch company now says the effort will stretch into 2023.
That’s left many patients to choose between using a potentially harmful device or trying risky remedies, including removing the foam themselves, buying second-hand machines online or simply going without the therapy.
The devices are called continuous positive airway pressure, or CPAP, machines. They force air through a mask to keep passageways open during sleep.
Untreated sleep apnea can cause people to stop breathing hundreds of times per night, leading to dangerous drowsiness and increased heart attack risk. The problem is more common in men than women, with estimates ranging from 10% to 30% of adults affected.
Most patients are better off using a recalled device because the risks of untreated sleep apnea still outweigh the potential harms of the disintegrating foam, physicians say. But doctors have been hard-pressed to help patients find new machines, which generally cost between $500 and $1,000, and were already in short supply due to supply chain problems.
"What happened is the company just said, ‘Talk to your doctor.’ But doctors can’t manufacture new machines out of the blue," said Dr. John Saito, a respiratory specialist near Los Angeles.
Risks from the foam include headache, asthma, allergic reactions and cancer-causing effects on internal organs, according to the Food and Drug Administration. The recalled devices include Dreamstation and SystemOne CPAP models and several other Philips machines, including Trilogy ventilators.
A DreamStation CPAP machine is pictured. (Philips)
Last March, the FDA took the rare step of ordering Philips to expand its communication effort, including "clearer information about the health risks of its products." Regulators estimated then that only half of U.S. consumers affected had registered with the company.
The agency hadn’t issued such an order in decades.
In a statement, Philips said ongoing testing on the recalled devices is "encouraging" and shows low levels of particles and chemical byproducts emitted by its leading brand of machine. Philips said its initial communication about the dangers posed by the foam was "a worst-case scenario for the possible health risks." The deterioration appears to worsen with unauthorized cleaning methods, the company noted.
RELATED: Good sleep is an integral part of heart health, research says
The FDA has received more than 70,000 reports of problems attributed to the devices, including pneumonia, infection, headache and cancer. Such reports aren't independently confirmed and can't prove a causal connection. They can be filed by manufacturers, patients, physicians or attorneys.
Jeffrey Reed, of Marysville, Ohio, had been using his Philips machine for about a year when he began seeing black specks in the tubing and mask. His equipment supplier said the debris was caused by improper cleaning, so he continued using it.
Over the next seven years, Reed says he experienced persistent sinus infections, including two bouts of pneumonia, that didn’t resolve with antibiotics. After hearing about the recall, he suspected the foam particles might be playing a role.
"Once I got off their machine, all of that cleared right up," said Reed, 62, who obtained a competitor's device after several months. Like other users, Reed can’t definitively prove his problems were caused by Philips' device.
Lawsuit: Man claims now-recalled CPAP sleep apnea machine gave him cancer
More than 340 personal injury lawsuits against Philips have been consolidated in a Pennsylvania federal court and thousands more are expected in coming months. Reed isn't part of the litigation.
Like the vast majority of U.S. CPAP users, Reed got his device through a medical equipment supplier contracted by his insurer. The company went out of business before the recall and he never heard from them about a replacement.
Even in normal circumstances, those companies typically don’t track patients long term.
"After a couple years, you’re just forgotten in the system," said Ismael Cordero, a biomedical engineer and CPAP user. "I stopped hearing from my supplier about three years after I got my machine."
Cordero learned that his Philips machine had been recalled through his work at ECRI, a nonprofit that reviews medical device safety.
In May, the FDA put Philips on notice that it was considering a second order that would force the company to improve and accelerate its repair-and-replace program.
Medical device companies typically conduct recalls voluntarily, and former FDA officials say the agency has never actually used its authority to force additional steps.
"The FDA shares the frustrations expressed by patients who are awaiting a resolution for this recall," the agency said in a statement. Philips still hasn't provided "all information we requested to evaluate the risks from the chemicals released from the foam."
Philips disclosed earlier this year that it received a Department of Justice subpoena over the recall. The agency hasn’t publicly commented on the matter, per federal rules.
But an FDA inspection of Philips' Pennsylvania offices uncovered a spate of red flags last fall, including emails suggesting the company was warned of the problem six years before the recall. In an October 2015 email, one customer appeared to warn Philips that the polyester polyurethane foam could degrade, according to FDA.
Between 2016 and early 2021, FDA found 14 instances where Philips was made aware of the issue or was analyzing the problem internally. "No further design change, corrective action or field correction was conducted," the FDA inspectors repeatedly note.
In a May 2018 email, foam supplier William T. Burnett wrote to Philips in an email: "We would not recommend use of polyester foam in such an environment. ... It will eventually decompose to a sticky powder," according to an affidavit filed as part of a lawsuit over the foam.
Since the recall, Philips has been using a new type of foam made from silicone to refurbish machines.
But FDA alerted consumers last November that the new material had failed one safety test. And regulators asked the company to perform more testing to clarify any health risks with both the new foam and the recalled material. Philips says independent testing has not identified any safety issues.
The company says it has replaced or repaired about 69% of recalled devices globally and aims to ship 90% of those requested by year’s end. On average, the company produces about 1 million sleep devices annually.
"We have scaled up by more than a factor of three, but inevitably it still takes time to remediate 5.5 million devices globally," the company said. About half are in the U.S.
Jeffrey Reed is among those still waiting.
Reed registered for a replacement device in June 2021 — within a week of the recall. This month, he received an email from Philips indicating that his device has been discontinued and isn't available for immediate replacement. Instead, the company offered him $50 to return the machine or an option of providing additional information to get a newer one.
"For them to wait until October to tell me that my machine is too old, when they’ve known exactly what device I have since the day I registered — that’s frustrating," Reed said. "It’s disappointing that a provider of life-saving equipment treats people like this."
RELATED: Treating sleep apnea in older adults may reduce risk of dementia, study finds | https://www.fox5dc.com/news/cpap-mask-recall-2022-phillips-replacement-effort-drags-2023 | 2022-10-27T11:33:06 | en | 0.971404 |
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NEW YORK (AP) _ Amalgamated Financial Corp. (AMAL) on Thursday reported third-quarter profit of $22.9 million.
On a per-share basis, the New York-based company said it had profit of 74 cents. Earnings, adjusted for non-recurring costs, were 77 cents per share.
The bank posted revenue of $75.8 million in the period. Its adjusted revenue was $72.6 million.
Amalgamated Financial shares have risen 37% since the beginning of the year. The stock has increased 29% in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on AMAL at https://www.zacks.com/ap/AMAL | https://www.myjournalcourier.com/business/article/Amalgamated-Financial-Q3-Earnings-Snapshot-17537910.php | 2022-10-27T11:33:12 | en | 0.956914 |
VIDEO: Detroit bus driver brawls with 7th grader
DETROIT (FOX 2) - A Detroit bus driver has been suspended after a video was recorded that showed the driver getting into a brawl with a 7th-grade student all because the girl wouldn't sit down.
The shocking video was recorded Tuesday on a bus in Detroit and was confirmed with the Detroit Public Schools Community District, which said the driver has been removed and may face termination.
"The evilness in her eyes that I (saw) when she was attacking her, I just felt so helpless," said Krissey Coakley, the girl's mom. "And I just felt so sorry for my child."
The mother says her 12-year-old daughter was the victim of a vicious attack by the bus driver.
"I don't think she knows how she is," Coakley said. "She is just quiet and she just looks sad."
It happened this week near the Carver STEM Academy, a Detroit Public School on the city's west side.
According to the girl's family, the 12-year-old girl was waving at her brother out of the window of the bus and the driver tapped her on the shoulder and told her 'sit her a-- down'. Coakley said the girl called the driver out for swearing and that's when she says the driver started hitting her child.
"I thought it was a fake video, when the family contacted me last night," said attorney Lillian Diallo.
Diallo has been hired by the family to represent them and says that the driver also bit the girl in the face during the altercation.
"It was such a vicious attack," Diallo said. "How does a grown woman bite a child? Not just the beating part, you bit her in her face."
But, the bus driver says the child refused to sit down and said the child went to the front of the bus and actually swung first.
"That is not true," Diallo said. "Now listen here. They are wrong for even saying something like that."
Regardless, the bus driver has been suspended, according to this statement from DPSCD:
"A fight occurred (Tuesday) on a contracted Trinity bus involving a student and the driver. The driver was removed from DPSCD service and may face termination through the bus contractor, Trinity. The incident is also under police investigation by the DPSCD Police Department."
Coakley says that driver needs help.
"I pray for her," she said. "Something is psychologically wrong with her to be able to do that."
She says her daughter is beaten up and bruised - afraid to go to school.
A Detroit School bus driver has been suspended after video showed her brawling with a 7th-grade student this week. | https://www.fox5dc.com/news/detroit-bus-driver-brawl-7th-grader | 2022-10-27T11:33:12 | en | 0.993133 |
DUBLIN (AP) _ Amarin Corp. PLC (AMRN) on Thursday reported a loss of $5.1 million in its third quarter.
The Dublin-based company said it had a loss of 1 cent per share. Earnings, adjusted for non-recurring costs and stock option expense, came to 2 cents per share.
The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 2 cents per share.
The biopharmaceutical company posted revenue of $89.9 million in the period, which also topped Street forecasts. Six analysts surveyed by Zacks expected $88.9 million.
The company's shares closed at $1.18. A year ago, they were trading at $4.65.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on AMRN at https://www.zacks.com/ap/AMRN | https://www.myjournalcourier.com/business/article/Amarin-Q3-Earnings-Snapshot-17537996.php | 2022-10-27T11:33:18 | en | 0.961106 |
Hit-and-run crash leaves pedestrian dead in Falls Church
FALLS CHURCH, Va. - Authorities say a pedestrian is dead after a hit-and-run late Wednesday night in Falls Church.
The crash happened just before 11 p.m. n the 5600 block of Leesburg Pike.
Police say the pedestrian was pronounced dead at the location. Investigators say the striking vehicle fled the scene.
The roadway was closed for several hours following the crash. Anyone with information is asked to contact police. | https://www.fox5dc.com/news/hit-and-run-crash-leaves-pedestrian-dead-in-falls-church | 2022-10-27T11:33:18 | en | 0.956635 |
BOSTON (AP) _ American Tower Corp. (AMT) on Thursday reported a key measure of profitability in its third quarter. The results fell short of Wall Street expectations.
The real estate investment trust, based in Boston, said it had funds from operations of $1.1 billion, or $2.36 per share, in the period.
The average estimate of six analysts surveyed by Zacks Investment Research was for funds from operations of $2.42 per share.
Funds from operations is a closely watched measure in the REIT industry. It takes net income and adds back items such as depreciation and amortization.
The company said it had net income of $839.7 million, or $1.80 per share.
The wireless communications infrastructure company posted revenue of $2.67 billion in the period, which matched Street forecasts.
American Tower expects full-year funds from operations in the range of $9.57 to $9.74 per share.
The company's shares have decreased 33% since the beginning of the year, while the S&P's 500 index has fallen 20%. The stock has dropped 31% in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on AMT at https://www.zacks.com/ap/AMT | https://www.myjournalcourier.com/business/article/American-Tower-Q3-Earnings-Snapshot-17537997.php | 2022-10-27T11:33:24 | en | 0.962521 |
'He's like, I know I'm home': Arizona dog reunited with family after nearly a year
MARICOPA COUNTY, Ariz. - Jasper, a 13-year-old dog, went missing for nearly a year until a stranger found him, checked for a microchip, and reunited him with his family in Maricopa County.
His owners, Judy and Ginny, had already marked him as "deceased" with the county when submitting licensing information, thinking the worst had happened.
Jasper went missing on Dec. 28 of last year and Judy had barely taken her first walk around the neighborhood since he went missing days ago because she missed her walking partner too much.
"The field officer says Jasper immediately recognized them and was just as excited as they were to be reunited," says Maricopa County Animal Care & Control. "They were all very happy and grateful to be reunited. Jasper’s going to get a bath and groom, as well as a vet visit as soon as possible for an overall exam."
The shelter says this is just another reason why microchipping your pets and keeping the information updated is crucial.
RELATED: Want a pet? Arizona Humane Society waiving adoption fees through Oct. 30
‘We kept hoping’
In an interview with Jasper's family, they say he had quite the adventure, yet they still don't know exactly what's been doing all this time.
So, how did he go missing?
"She went to get him breakfast, and he went out in the yard, which he always does after a walk, and he didn't come back in right away," Judy said.
One of the gates that morning had blown open and Jasper was nowhere to be found.
"We walked every single street, and alley, talked to every person in the neighborhood for a mile. Stopped people, then came home. Ginny made posters," Judy said.
They looked and looked for months. Seasons came and went, but still no sign of Jasper.
"We kept hoping, we kept hoping, but I can be honest and say at night I would think I'd hear him. I'd swear I saw him in the yard. The not knowing, I think it what was killing me the most," Jasper's family said.
They finally got a call on Oct. 23 from the shelter.
"'Are you still looking for Jasper?' I said, ‘Well yes.' She said, 'We think we've found him. He matches the chip.'"
Within 10 minutes, they were reunited.
"It was like this 10 months of grown matted hair. He could not even see through. I lifted up some hair to see him, and I was like, ‘Oh my gosh, this is Jasper.’"
Seeing this type of reunion, county officials say, really is extraordinary.
As for Jasper, he's happy to be back at his old stomping grounds.
"He knew his name and he wanted to go in the house right away," Judy said. "He's like, I know I'm home."
While they'll never know exactly where he's been, they have their suspicions "He's not telling, so we suspect he went to Vegas," they joked.
One thing's for sure – Jasper's rough days are behind him.
"We're going to resume our park walks," Jasper's family said. | https://www.fox5dc.com/news/home-arizona-dog-reunited-owners-nearly-year-thanks-microchip-maricopa-county | 2022-10-27T11:33:24 | en | 0.994993 |
CLEVELAND (AP) _ Applied Industrial Technologies Inc. (AIT) on Thursday reported fiscal first-quarter earnings of $76.9 million.
On a per-share basis, the Cleveland-based company said it had profit of $1.97.
The industrial products company posted revenue of $1.06 billion in the period.
Applied Industrial Technologies shares have climbed 14% since the beginning of the year. The stock has climbed 15% in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on AIT at https://www.zacks.com/ap/AIT | https://www.myjournalcourier.com/business/article/Applied-Industrial-Technologies-Fiscal-Q1-17537934.php | 2022-10-27T11:33:30 | en | 0.929108 |
Man dead after early morning shooting in northeast DC
WASHINGTON - A man is dead and police are searching for suspects after an early morning shooting in northeast D.C.
The shooting was reported just after 1:45 a.m. near Trinidad Avenue and Morse Street.
Investigations say the man died at the scene.
Police have released no other information at this time. | https://www.fox5dc.com/news/man-dead-after-early-morning-shooting-in-northeast-dc | 2022-10-27T11:33:30 | en | 0.976434 |
KAMPALA, Uganda (AP) — Uganda's Ebola outbreak is under control, a top public health official in Africa said Thursday, noting that local health authorities are doing well to trace most contacts.
“The situation is not getting out of control,” said Dr. Ahmed Ogwell, acting director of the Africa Centers for Disease Control and Prevention. “We have good visibility of all the contacts.”
About 98 percent of 2,694 documented contacts — people exposed to Ebola by a confirmed patient — are being monitored, Ogwell said, adding that it “gives comfort that we know the evolution of this particular outbreak.”
Tracing contacts is key to stemming the spread of contagious diseases like Ebola.
Uganda declared an outbreak of the Sudan strain of Ebola on Sept. 20. The epicenter is a rural community in central Uganda about 150 kilometers (93 miles) from the capital, Kampala.
The outbreak has spread to Kampala in recent days after some Ebola patients sought treatment there. Six schoolchildren attending three different schools are among at least 15 confirmed Ebola cases in Kampala, the health minister reported Wednesday, raising fears of contagion.
There is no approved vaccine for the Sudan strain of Ebola, but two candidate vaccines are due to be tested in clinical trials that officials say will launch in days.
The current outbreak of Ebola, which manifests as a viral hemorrhagic fever, has so far infected 109 people and killed 30, including four health workers. | https://www.journal-news.com/nation-world/african-health-official-ebola-in-uganda-is-under-control/RKWROBWPL5HJDNNEFA2EM77CKM/ | 2022-10-27T11:33:34 | en | 0.952352 |
ST LOUIS (AP) _ Arch Resources, Inc. (ARCH) on Thursday reported third-quarter net income of $181 million.
The St. Louis-based company said it had net income of $8.68 per share.
The coal producer posted revenue of $863.8 million in the period.
Arch Resources shares have risen 46% since the beginning of the year. The stock has increased 37% in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ARCH at https://www.zacks.com/ap/ARCH | https://www.myjournalcourier.com/business/article/Arch-Resources-Q3-Earnings-Snapshot-17537963.php | 2022-10-27T11:33:36 | en | 0.940701 |
Man, teen shot by masked gunman in northwest DC
WASHINGTON - Authorities say a man and a teen were shot Wednesday night by a masked gunman in northwest D.C.
The shooting happened just after 9:30 p.m. in the 1300 block of Missouri Avenue.
Offices say the gunman wore a black mask, blue hooded sweatshirt, and blue jeans.
Anyone with information is asked to call police. | https://www.fox5dc.com/news/man-teen-shot-by-masked-gunman-in-northwest-dc | 2022-10-27T11:33:37 | en | 0.960638 |
CAIRO (AP) — The International Monetary Fund reached a preliminary agreement with the Egyptian government on Thursday, paving the way for the economically troubled Arab nation to access a $3 billion loan, officials said Thursday.
IMF officials said a “staff agreement” between the Egyptian government and IMF leaders had been reached following months of talks, as Egypt struggles to combat surging inflation caused, in part, by the war in Ukraine.
In a statement issued Thursday, Egypt’s IMF Mission chief, Ivanna Vladkova Hollar, said the 46-month deal - known as an Extended Fund Facility Arrangement - allows Egypt access to the $ 3 billion loan on the condition it implements a series of economic reforms.
In the hours before the announcement, Egypt’s central bank announced a series of economic measures including the hike of key interest rates by 2% and switch to a more flexible exchange rate system.
“The Central Bank of Egypt's move to a flexible exchange rate regime is a significant and welcome step to unwind external imbalances, boost Egypt’s competitiveness, and attract foreign direct investment,'' said Holler.
The Egyptian economy has been hard-hit by the coronavirus pandemic and the war in Ukraine, events that have disrupted global markets and hiked oil and food prices worldwide. Egypt is the world’s largest wheat importer, most of which came from Russia and Ukraine. The country’s supply is subject to price changes on the international market.
According to Holler, some of the agreement's main goals are to reduce Egypt's overall debt and bring about broad reforms to its fiscal policy.
In a statement issued Thursday morning, Egypt's central bank said it had raised the new lending rate to 14.25% and the deposit rate to 13.25%. The discount rate was also raised to 13.75%, it said.
By changing to a more “durably flexible exchange rate,” the bank said it would allow the international markets to “determine the value of the Egyptian pound against other foreign currencies.”
Egypt's monetary reforms and the IMF loan are designed to help offset rising inflation, which passed 15% in September, and lighten the financial pressure on lower- and middle-income households.
Following the bank’s announcement, the Egyptian pound dropped in value against the U.S. dollar from around 19.75 pounds to a dollar to at least 22.50 pounds to a dollar, according to data provided by the National Bank of Egypt.
In it’s statement, Egypt's central bank said it was ″intent on intensifying its reform agenda to secure macroeconomic stability and achieve strong, sustainable and inclusive growth.″
As part of its reforms, the bank also said it would begin removing a system for importers, a red tape process introduced in February to control the demand on the currency for imports.
Late Wednesday, Egyptian Prime Minister Mustafa Madbouly also announced a 15% increase in the minimum monthly wage, from 2,700 pounds ($137) to 3,000 pounds ($152). Prime Minister Mustafa Madbouly’s announcement marks the fourth hike in the minimum wage since President Abdel Fattah el-Sissi took office in 2014.
About a third of Egypt’s 104 million people live in poverty, according to government figures.
Credit: Nariman El-Mofty
Credit: Nariman El-Mofty | https://www.journal-news.com/nation-world/egypt-hikes-interest-rates-and-changes-exchange-rate-system/S3LN22AHV5FWFHWL6GLZC6LB2M/ | 2022-10-27T11:33:40 | en | 0.957575 |
LOS ANGELES (AP) _ Ares Management LP (ARES) on Thursday reported a third-quarter loss of $35.5 million, after reporting a profit in the same period a year earlier.
On a per-share basis, the Los Angeles-based company said it had a loss of 22 cents. Earnings, adjusted for non-recurring costs, were 75 cents per share.
The results surpassed Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 73 cents per share.
The private equity firm posted revenue of $801.3 million in the period. Its adjusted revenue was $609.6 million, falling short of Street forecasts. Three analysts surveyed by Zacks expected $633 million.
Ares Management shares have fallen 11% since the beginning of the year. The stock has declined 15% in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ARES at https://www.zacks.com/ap/ARES | https://www.myjournalcourier.com/business/article/Ares-Management-Q3-Earnings-Snapshot-17537911.php | 2022-10-27T11:33:42 | en | 0.949084 |
Missouri bridge collapse: 1 construction worker dead, 2 others hurt
KEARNEY, Mo. (AP) - One construction worker died and two others were injured Wednesday when a bridge under construction in northwest Missouri collapsed, officials said.
Workers were pouring concrete for the deck of the bridge when it fell, Clay County officials said.
The bridge, which was replacing an older bridge, spanned Carroll Creek in a rural area near Kearney, about 27 miles (43.45 kilometers) northeast of Kansas City.
The other two workers sustained minor injuries and were able to free themselves from the rubble, Clay County Sheriff's spokeswoman Sarah Boyd said.
RELATED: North Carolina man dead after following GPS to destroyed bridge that dropped into water
Further details about what caused the collapse were not immediately available.
County transportation officials said the bridge is one of five closed and two under construction in the county. | https://www.fox5dc.com/news/missouri-bridge-collapse-1-construction-worker-dead-2-others-hurt | 2022-10-27T11:33:43 | en | 0.977178 |
McDonald’s reported strong sales in the third quarter as it raised prices and used offers on its app to draw in customers
Global same-store sales, or sales at locations open at least a year, rose 9.5% in the July-September period. That was well ahead of the 5.8% increase Wall Street was expecting, according to analysts polled by FactSet.
U.S. same-store sales rose 6%. McDonald’s said Camp McDonald’s, which offered deals, merchandise and streaming concerts within the McDonald’s app, drove customer visits.
McDonald's said in July that U.S. price increases in the 8% to 9% range would likely continue through the remainder of the year as it offsets higher costs. McDonald's expects food and paper costs to be up between 12% and 14% this year, while its labor costs are up 10%.
Revenue fell 5% to $5.87 billion, but that was better than the $5.7 billion that industry analysts had expected. Overseas revenue was weaker because of the strong dollar.
Net income fell 8% to $1.98 billion, or $2.68 per share, a dime better than Wall Street projections.
Shares of the Chicago burger giant rose more than 3% before the opening bell Thursday. | https://www.journal-news.com/nation-world/mcdonalds-third-quarter-sales-boosted-by-higher-prices/O4YTLCUEY5GCJDJQ47AEVEGCQU/ | 2022-10-27T11:33:47 | en | 0.97588 |
DULUTH, Ga. (AP) _ Asbury Automotive Group Inc. (ABG) on Thursday reported third-quarter net income of $205 million.
On a per-share basis, the Duluth, Georgia-based company said it had net income of $9.23.
The results topped Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $9.19 per share.
The auto dealership chain posted revenue of $3.87 billion in the period, which fell short of Street forecasts. Four analysts surveyed by Zacks expected $3.97 billion.
Asbury Automotive shares have decreased 10% since the beginning of the year. The stock has declined 26% in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ABG at https://www.zacks.com/ap/ABG | https://www.myjournalcourier.com/business/article/Asbury-Automotive-Q3-Earnings-Snapshot-17537993.php | 2022-10-27T11:33:48 | en | 0.946944 |
Prince Harry's memoir, titled 'Spare,' gets release date
NEW YORK - Prince Harry's memoir, an object of obsessive anticipation worldwide since first announced last year, is coming out Jan. 10.
The book will be called "Spare" and is being billed by Penguin Random House, as an account told with "raw, unflinching honesty" and filled with "insight, revelation, self-examination, and hard-won wisdom about the eternal power of love over grief."
In a statement released Thursday, Penguin Random House summoned memories of the stunning death in 1997 of Prince Harry's mother, Diana, and of Harry and his brother, William, "walking behind their mother’s coffin as the world watched in sorrow — and horror."
"As Diana, Princess of Wales, was laid to rest, billions wondered what the princes must be thinking and feeling — and how their lives would play out from that point on," the statement reads in part.
"For Harry, this is his story at last."
The memoir's title is an apparent reference to Prince Harry's being a royal "spare," not the first in line to succession. William, Prince of Wales, is next in line.
The 416-page book will come out in 16 languages, from Dutch to Portuguese, and also will be released in an audio edition read by Prince Harry. Financial terms were not disclosed, but Harry, the Duke of Sussex, will be using proceeds from "Spare" to donate to British charities. He has already given $1.5 million to Sentebale, an organization he co-founded with Prince Seeiso of Lesotho to help child and young people in Lesotho and Botswana affected by HIV/AIDS.
Penguin Random House identifies Prince Harry as "a husband, father, humanitarian, military veteran, mental wellness advocate, and environmentalist."
Royals watchers and the public at large have speculated endlessly since the book was first announced in July 2021, billed as "intimate and heartfelt" and tentatively scheduled for this year.
The Duke of Sussex had already revealed a news-making willingness to discuss his private life when he and his American-born wife, Meghan, Duchess of Sussex, were interviewed for a March 2021 broadcast by their neighbor in Santa Barbara, California, Oprah Winfrey. The couple spoke of Meghan's deep unhappiness with her new life in England, the alleged racism within the royal family and Harry's fear that his wife's life might be endangered had they remained in his native country.
In 1992, Diana worked with author Andrew Morton on her explosive memoir "Diana: Her True Story," in which she described at length her unhappy marriage to the future King Charles, Harry's father.
Harry and Meghan stepped back from their royal duties in 2020 and moved to the U.S. Harry told Winfrey that his family cut him off financially and that he helped pay for his security with money left to him by his mother. They have launched numerous initiatives, including a Netflix production deal and the "impact-driven non-profit" Archewell Foundation.
The book's delay led to rumors that Harry was hesitating to say too much about his family, or was perhaps revising the narrative after his grandmother, Queen Elizabeth II, died in September. He has spoken of being estranged from his brother, William, although the siblings and their wives appeared in public together during the mourning period following the Queen's death.
"Penguin Random House is honored to be publishing Prince Harry’s candid and emotionally powerful story for readers everywhere," the global CEO of Penguin Random House, Markus Dohle, said in a statement. "He shares a remarkably moving personal journey from trauma to healing, one that speaks to the power of love and will inspire and encourage millions of people around the world."
RELATED: King Charles III to be crowned May 6, 2023, Buckingham Palace says | https://www.fox5dc.com/news/prince-harry-memoir-spare-release-date | 2022-10-27T11:33:49 | en | 0.981256 |
JUNEAU, Alaska (AP) — Alaska U.S. Rep. Mary Peltola in a televised debate Wednesday called partisanship a threat to the country as the Democrat sought to make the case for reelection to the seat she's held since September against challengers including Republican Sarah Palin.
Peltola beat Palin and Republican Nick Begich in a ranked choice August special election to fill the remainder of the late Republican Rep. Don Young's term. Those three, along with Libertarian Chris Bye, are running in the Nov. 8 election for a full, two-year term, starting in January. That election also will be ranked choice. All four candidates participated in the debate.
Palin and Peltola have been cordial to one other; Peltola's time in the state House overlapped with Palin's time as governor, and the two had kind words for each other Wednesday night. But Palin has railed against Alaska's ranked choice voting system, approved by voters in 2020 as part of an elections overhaul. Palin, in an opinion piece published by the Anchorage Daily News this week, said the system, used for the first time in the special election won by Peltola, had "produced the travesty of sending a Democrat to Congress to represent Alaska, one of the reddest states in the country."
Palin has joined Begich in urging voters to “rank the red,” or the Republican candidates.
The ranked vote system was not among the topics raised during the debate, which touched on issues such as inflation concerns, suicides among military veterans and the pandemic.
When asked if the government should be able to mandate vaccinations, Begich, Bye and Palin said no. Peltola said she did not think they should be required “nationally” but said she has concerns about pandemics.
Peltola, who has cast herself as a coalition builder and called for more civility in politics, said partisanship “is the No. 1 threat to our country both in terms of foreign policy and domestic policy.” She said policy makers should work together on those issues. But she said there is “a tradition now in America of tearing one another down, just to get into office.”
Begich said political division is an “outgrowth” of the differences in philosophy of the Republican and Democratic parties. He said having those discussions is good.
Peltola later praised Palin's willingness to work across party lines while governor. During a portion of the debate in which candidates asked each other questions, Peltola asked Palin how she might work with the Biden administration and Democrats in Congress.
Palin said while she and Peltola have different policy positions, she has “great respect” for Peltola.
“Hopefully my track record proves that, again, I'm able to play as a teammate. I know what it takes to win," Palin said. The 2008 Republican vice-presidential nominee, who stood next to Peltola on the debate stage, said this is a period in which there is “politics of personal destruction and lies, in campaigns especially," and that it was “heartening to get to stand beside somebody who gets it.”
Bye said many Alaskans are “terrified when they hear bipartisan because what that really means is both parties are getting together to gang up on taxpayers.”
Begich said it's “important that we communicate with one another but I'm not about to hold hands while we go over the fiscal cliff.”
“Sometimes you've got to be difficult, you've got to be tough, you've got to be firm, and those are the things that we need as a nation,” he said.
Begich came out hard against Palin ahead of the special election, questioning her seriousness as a candidate and casting her as quitter. Palin resigned as governor partway through her term in 2009. Palin's is a household name; she is well known in conservative politics and has appeared on reality TV programs. She has argued that she would use her profile to the benefit of Alaska.
Begich has also taken aim at Peltola, seeking to tie her to House Speaker Nancy Pelosi and President Joe Biden.
Peltola wore one of Young's bolo ties, which was presented to her last week at the Alaska Federation of Natives convention in Anchorage by one of Young's daughters.
Young held Alaska's only House seat for 49 years. He died in March. Begich’s grandfather, the late U.S. Rep. Nick Begich, a Democrat, held the seat before Young.
___
Follow AP's coverage of the elections at: https://apnews.com/hub/2022-midterm-elections
Check out https://apnews.com/hub/explaining-the-elections to learn more about the issues and factors at play in the 2022 midterm elections.
Credit: Mark Thiessen
Credit: Mark Thiessen
Credit: Mark Thiessen
Credit: Mark Thiessen
Credit: Mark Thiessen
Credit: Mark Thiessen
Credit: Mark Thiessen
Credit: Mark Thiessen | https://www.journal-news.com/nation-world/peltola-faces-palin-begich-bye-in-alaska-house-debate/QFSW6WOU5BDIXGWJ4JQFCPLQB4/ | 2022-10-27T11:33:53 | en | 0.981162 |
FORT LAUDERDALE, Fla. (AP) _ AutoNation Inc. (AN) on Thursday reported third-quarter net income of $352.6 million.
On a per-share basis, the Fort Lauderdale, Florida-based company said it had net income of $6.31. Earnings, adjusted for non-recurring gains, were $6 per share.
The results did not meet Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $6.32 per share.
The auto retailer posted revenue of $6.67 billion in the period, surpassing Street forecasts. Five analysts surveyed by Zacks expected $6.65 billion.
AutoNation shares have fallen 12% since the beginning of the year, while the S&P's 500 index has fallen 20%. The stock has declined 18% in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on AN at https://www.zacks.com/ap/AN | https://www.myjournalcourier.com/business/article/AutoNation-Q3-Earnings-Snapshot-17537980.php | 2022-10-27T11:33:54 | en | 0.936399 |
VIDEO: Woman with pickaxe smashes in windows of Pasadena home
PASADENA, Calif. - A woman was arrested after she was caught on home surveillance video using a pickaxe to bash in the windows of a Pasadena home, officials said.
The video is chilling. A woman can be seen carrying a pickaxe walking up a driveway and then swinging it at the windows of a house on Asbury Drive.
"She had no emotion, just swinging away, swinging away," said homeowner Arman Tchoukadarian. The attack happened on Monday around 5 p.m.
His six-week-old baby girl was sleeping in a bassinet near the window, when the woman went on the attack. Luckily, his mother-in-law picked her up just in time.
"The glass shards from these giant windows were literally double her size, [they] landed right in her bassinet where my daughter was laying. If she was five seconds late, my daughter would no longer be with us," Tchoukadarian said of his mother-in-law.
Tchoukadarian said the woman didn’t just damage the windows, he said she ruined his family’s sense of security.
"This is our brand-new home, we’re not even done building the house, and my wife my kid can’t even come home, they’re terrified they don’t want to come home," he said.
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Pasadena Police arrested 65-year-old Beverly Baker for the attack. She’s facing a charge of felony vandalism. Her arraignment has been set for Wednesday. Tchoukadarian said Baker owns several properties in his neighborhood, but he’d never seen her before. He worries he was targeted because he’s Armenian. On Tuesday, Tchoukadarian managed to get a temporary restraining order against Baker.
On the video, Baker can be seen walking away, putting the pickax over her shoulder and loudly saying, "I’ll be back, get out!" | https://www.fox5dc.com/news/video-woman-with-pickaxe-smashes-in-windows-of-pasadena-home | 2022-10-27T11:33:55 | en | 0.981656 |
WARSAW, Poland (AP) — Poland on Thursday dismantled four communist-era monuments to Red Army soldiers in a renewed drive to remove symbols of Moscow’s post-World War II domination and to stress its condemnation of Moscow’s current war on neighbouring Ukraine.
Workers used drills and heavy equipment to destroy the 1945 monuments at four different locations across Poland. Most of them were in the form of concrete obelisks dedicated to Red Army soldiers who fell while fighting to defeat Nazi German troops.
Head of the state historical institute Karol Nawrocki, who has called for the removals, said the monuments stood for a system that was guilty of enslaving and murdering its own people and other nations, including Poles.
“This is a monument to disgrace, a monument of contempt of the winners over the victims,” Nawrocki said in Glubczyce, in the south of Poland, as workers were readying to remove the figure of a Red Army soldier prior to dismantling the entire monument.
“In 1945 the Soviets did not bring liberation, they brought another captivity. They were capturing Poland and treating it as booty," Nawrocki said in an emotional speech.
He said the spirit of that system is still present in the Russian Federation, which is killing civilians in Ukraine.
He stressed that Russian law prosecutes and provides up to three years in prison for anyone removing Soviet army monuments, even in foreign countries.
The other monuments were removed from former burial sites in Byczyna, in the southwest and in Bobolice, in the northwest. The remains of the soldiers were exhumed and moved to proper graves in the 1950s. A stone monument was also taken apart in the woods near Staszow, in the south.
Ever since shedding communist rule in 1989, Poland has been taking steps to remove from the public space the symbols of Moscow’s past domination, taking away monuments and plaques. Some have been moved to special storage. The drive does not include cemeteries or current burial sites.
Russia’s aggression on Ukraine this year has added urgency to the efforts. Poland is backing Ukraine's struggle against Russia politically, militarily and economically. | https://www.journal-news.com/nation-world/poland-removes-4-communist-era-red-army-monuments/VIAM42HLANCLXPCHJDJJERO3T4/ | 2022-10-27T11:33:59 | en | 0.979033 |
DEERFIELD, Ill. (AP) _ Baxter International Inc. (BAX) on Thursday reported a third-quarter loss of $2.94 billion, after reporting a profit in the same period a year earlier.
On a per-share basis, the Deerfield, Illinois-based company said it had a loss of $5.83. Earnings, adjusted for amortization costs and non-recurring costs, were 82 cents per share.
The results met Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was also for earnings of 82 cents per share.
The drug and medical device maker posted revenue of $3.77 billion in the period, also matching Street forecasts.
For the current quarter ending in December, Baxter expects its per-share earnings to range from 92 cents to 99 cents. Analysts surveyed by Zacks had forecast adjusted earnings per share of $1.01.
The company expects full-year earnings in the range of $3.53 to $3.60 per share.
Baxter shares have decreased 33% since the beginning of the year, while the S&P's 500 index has declined 20%.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on BAX at https://www.zacks.com/ap/BAX | https://www.myjournalcourier.com/business/article/Baxter-Q3-Earnings-Snapshot-17538012.php | 2022-10-27T11:34:01 | en | 0.95185 |
NEW YORK (AP) — Prince Harry's memoir, an object of obsessive anticipation worldwide since first announced last year, is coming out Jan. 10.
The book will be called “Spare” and is being billed by Penguin Random House, as an account told with “raw, unflinching honesty" and filled with ”insight, revelation, self-examination, and hard-won wisdom about the eternal power of love over grief.”
In a statement released Thursday, Penguin Random House summoned memories of the stunning death in 1997 of Prince Harry's mother, Diana, and of Harry and his brother, William, “walking behind their mother’s coffin as the world watched in sorrow — and horror.”
“As Diana, Princess of Wales, was laid to rest, billions wondered what the princes must be thinking and feeling — and how their lives would play out from that point on,” the statement reads in part.
“For Harry, this is his story at last.”
The memoir's title is an apparent reference to Prince Harry's being a royal “spare,” not the first in line to succession. William, Prince of Wales, is next in line.
The 416-page book will come out in 16 languages, from Dutch to Portuguese, and also will be released in an audio edition read by Prince Harry. Financial terms were not disclosed, but Harry, the Duke of Sussex, will be using proceeds from “Spare” to donate to British charities. He has already given $1.5 million to Sentebale, an organization he co-founded with Prince Seeiso of Lesotho to help children and young people in Lesotho and Botswana affected by HIV/AIDS.
Penguin Random House identifies Prince Harry as “a husband, father, humanitarian, military veteran, mental wellness advocate, and environmentalist.”
Royals watchers and the public at large have speculated endlessly since the book was first announced in July 2021, billed as “intimate and heartfelt” and tentatively scheduled for this year.
The Duke of Sussex had already revealed a news-making willingness to discuss his private life when he and his American-born wife, Meghan, Duchess of Sussex, were interviewed for a March 2021 broadcast by their neighbor in Santa Barbara, California, Oprah Winfrey. The couple spoke of Meghan's deep unhappiness with her new life in England, the alleged racism within the royal family and Harry's fear that his wife's life might be endangered had they remained in his native country.
In 1992, Diana worked with author Andrew Morton on her explosive memoir “Diana: Her True Story,” in which she described at length her unhappy marriage to the future King Charles, Harry's father.
Harry and Meghan stepped back from their royal duties in 2020 and moved to the U.S. Harry told Winfrey that his family cut him off financially and that he helped pay for his security with money left to him by his mother. They have launched numerous initiatives, including a Netflix production deal and the “impact-driven non-profit” Archewell Foundation.
The book's delay led to rumors that Harry was hesitating to say too much about his family, or was perhaps revising the narrative after his grandmother, Queen Elizabeth II, died in September. He has spoken of being estranged from his brother, William, although the siblings and their wives appeared in public together during the mourning period following the Queen's death.
“Penguin Random House is honored to be publishing Prince Harry’s candid and emotionally powerful story for readers everywhere," the global CEO of Penguin Random House, Markus Dohle, said in a statement. “He shares a remarkably moving personal journey from trauma to healing, one that speaks to the power of love and will inspire and encourage millions of people around the world.” | https://www.journal-news.com/nation-world/prince-harrys-memoir-titled-spare-to-come-out-jan-10/CEPL5773DZCUVHSBLHKXL3JDMU/ | 2022-10-27T11:34:06 | en | 0.981251 |
AUBURN HILLS, Mich. (AP) _ BorgWarner Inc. (BWA) on Thursday reported third-quarter profit of $273 million.
The Auburn Hills, Michigan-based company said it had net income of $1.16 per share. Earnings, adjusted for non-recurring costs and restructuring costs, came to $1.24 per share.
The results exceeded Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $1.02 per share.
The auto parts supplier posted revenue of $4.06 billion in the period, also beating Street forecasts. Six analysts surveyed by Zacks expected $3.98 billion.
BorgWarner expects full-year earnings in the range of $4.25 to $4.45 per share, with revenue in the range of $15.4 billion to $15.7 billion.
BorgWarner shares have fallen 19% since the beginning of the year, while the S&P's 500 index has declined 20%. The stock has dropped 17% in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on BWA at https://www.zacks.com/ap/BWA | https://www.myjournalcourier.com/business/article/BorgWarner-Q3-Earnings-Snapshot-17537931.php | 2022-10-27T11:34:07 | en | 0.943363 |
MANHATTAN BEACH, Calif. — The rapper formerly known as Kanye West was escorted out of the California-based headquarters of athletic shoemaker Skechers after he showed up unannounced Wednesday, a day after Adidas ended its partnership with the artist following his antisemitic remarks.
The Grammy winner, who legally changed his name to Ye, “arrived unannounced and without invitation” at Skechers corporate headquarters in Manhattan Beach, southwest of Los Angeles, the company said.
“Considering Ye was engaged in unauthorized filming, two Skechers executives escorted him and his party from the building after a brief conversation," according to a company statement.
“Skechers is not considering and has no intention of working with West,” the company said. “We condemn his recent divisive remarks and do not tolerate antisemitism or any other form of hate speech.”
The rapper's Instagram account — which had been suspended over antisemitic comments — resumed posting Tuesday night. A new message showing a screen grab of a text message that appeared to be from a contact at a high-profile law firm spelled out when Ye could resume making apparel and new shoe designs.
Details of the message could not be verified; email messages sent to representatives for Ye weren’t immediately returned.
For weeks, Ye has made antisemitic comments in interviews and social media, including a Twitter post earlier this month that he would soon go “death con 3 on JEWISH PEOPLE,” an apparent reference to the U.S. defense readiness condition scale known as DEFCON. His posts led to his suspension from both Twitter and Instagram.
He apologized for the tweet on Monday.
On Tuesday, sportswear manufacturer Adidas announced that it was ending a partnership with Ye that helped make him a billionaire, saying it doesn't tolerate antisemitism and hate speech.
The German sneaker giant said it expected that the decision to immediately stop production of its Yeezy products would cause a hit to its net income of up to 250 million euros ($246 million).
The company had stuck with Ye through other controversies after he suggested slavery was a choice and called the COVID-19 vaccine the “mark of the beast.”
Other companies also have announced they were cutting ties with Ye, including Foot Locker, Gap, TJ Maxx, JPMorgan Chase bank and Vogue magazine. An MRC documentary about him was also scrapped. | https://www.weareiowa.com/article/news/nation-world/kanye-west-kicked-out-skechers/507-b0db54bf-692b-4143-90b0-1f570c11df90 | 2022-10-27T11:34:07 | en | 0.981167 |
WASHINGTON — Election Day is 12 days away. But in courtrooms across the country, efforts to sow doubt over the outcome have already begun.
More than 100 lawsuits have been filed this year around the upcoming midterm elections. The suits, largely by Republicans, target rules over mail-in voting, early voting, voter access, voting machines, voting registration, the counting of mismarked absentee ballots and access for partisan poll watchers.
It's the most litigation ever before an election and it's likely a preview of a potentially contentious post-election landscape. The strategy was born in part of the failure of allies of former President Donald Trump to successfully challenge and overturn the free and fair results of the 2020 presidential election.
But while the 2020 election effort was an ad hoc response fronted by a collection of increasingly ill-prepared lawyers that included Rudy Giuliani, today’s effort is a more formalized, well-funded and well-organized campaign run by the Republican National Committee and other legal allies with strong bona fides. Party officials say they are actively preparing for recounts, contested elections and more litigation. And there are thousands of volunteers in place primed to challenge ballots and hunt down evidence of malfeasance.
“We’re now at the point where charges of fraud and suppression are baked into the turnout models for each party. Republicans charge fraud. Democrats charge suppression. Each side amplifies its position with massive and costly amounts of litigation and messaging," said Benjamin Ginsberg, co-chair of the Election Official Legal Defense Network and former counsel to the George W. Bush campaign and other Republican candidates.
Democrats, too, have similar efforts underway. But their legal effort ahead of the election focuses on making voting easier and helping those denied a chance to vote, through legal hotlines and volunteers. A team led by attorney Marc Elias and his firm is litigating roughly 40 cases in 19 states, some in which they have intervened in Republican-led lawsuits.
Elias said he’s bracing for a deluge of litigation challenging election results, particularly as some Republican candidates have already said they will not accept a loss or have planted doubt on the election process despite no evidence of fraud.
“The problem with the Republican Party right now is that conceding you lost an election is the only thing that will hurt you,” Elias said. “Contesting an election that is clearly lost is now where all the incentive structure is, and that is incredibly corrosive for democracy.”
Litigation around elections is nothing new; almost every election begets some legal challenge. But the bulk of this litigation generally occurs after the votes have been cast, not before Election Day.
In 2020, pro-Trump attorneys filed roughly 60 lawsuits across the nation and asked judges to set aside votes. Those lawsuits were roundly rejected. Trump's own leadership found the election was fair, and state election officials nationwide saw no widespread evidence of fraud. Biden earned 306 electoral votes to Trump’s 232, the same margin in Trump's 2016 victory over Hillary Clinton, which he repeatedly described as a “landslide.”
At the time, the Republican establishment had not adopted Trump's lies about the election. Since then, though, the falsehoods have taken root within the party and become a major talking point for many of the candidates. Some have refused to commit to accepting the results after Nov. 8.
Ginsberg said that unsubstantiated charges that elections were fraudulent or rigged or unreliable have became the ante for a Republican candidate to win a contested 2022 primary in most states, and that’s a problem.
“That can only harm public faith in elections, something for which Republicans will eventually pay a price.”
This year, the focus is on offense. The RNC said it has built a multimillion-dollar “election integrity” team, hiring 37 lawyers in key states, holding more than 5,000 trainings to teach volunteers to look for voter fraud, which is rare, and filing 73 lawsuits in 20 states. Other Trump-allied legal teams are also ramping up and preparing for litigation, including America First Legal, run by former Trump adviser Stephen Miller.
“We built an unprecedented election integrity ground game to ensure that November’s midterm elections are free, fair, and transparent,” RNC Chair Ronna McDaniel said late last month.
For three decades, the RNC was under a consent decree that prohibited it from challenging voters’ qualifications and targeting alleged fraud. The consent decree, which ended in 2019, arose from a Democratic National Committee lawsuit that argued Republicans sought to dissuade Black Americans from voting by posting armed, off-duty law enforcement officers at certain polling sites and sending targeted mailings warning about penalties for violating election laws.
In 2020, Republican poll watchers, who have no direct role in the elections and cannot interfere in the electoral process apart from watching and reporting issues, were the basis of many of the lawsuits filed by Trump allies. But when pressed by judges for evidence backing partisan claims of fishy behavior by election workers, litigation faltered.
Election workers have increasingly been subjected to abuse and threats of violence. In battleground states, voter intimidation cases are on the rise. There’s growing concern among election officials and law enforcement about overly aggressive poll watchers or people pretending to be poll watchers intimidating voters.
Last week the RNC won a legal challenge against Michigan’s secretary of state, Democrat Jocelyn Benson, who sought to tamp down rank partisanship by issuing rules around how poll challengers can operate.
“Jocelyn Benson not only disregarded Michigan election law in issuing this guidance, she also violated the rights of political parties and poll challengers to fully ensure transparency and promote confidence that Michigan elections are run fairly and lawfully,” McDaniel said in a statement.
The RNC has won legal challenges in Nevada and Arizona over the appointment of poll workers and in Wisconsin on ballot curing and drop boxes. Other legal action includes litigation in Pennsylvania over absentee ballots dating and whether outside parties should be allowed examine voting machines.
Democrats are continuing to file litigation, too. Democratic-led groups have initiated roughly 35 lawsuits that focus largely on making voting easier. Just this week, litigation was filed on behalf of Voto Latino and the Arizona Alliance for Retired Americans to stop intimidation over using drop boxes in Arizona. The ACLU of Pennsylvania sent a letter to Allegheny County officials on mail-in ballot concerns.
Heading into 2020, the nation had been focused mostly on whether any foreign actors — Russia or perhaps China — would meddle in the election and wreak havoc on vote tabulations. That didn’t come true; instead, the conspiracy was born and nurtured from Trump and his supporters.
U.S. officials are again sounding the alarm that Russia is working to amplify doubts over the integrity of the elections.
This week, White House press secretary Karine Jean-Pierre said, "No outside cyber activity has ever prevented a registered voter from casting a ballot; compromised the integrity of any ballot cast; or affected the accuracy of voter registration information."
And she promised the government would “monitor any threats to our elections if they arise and work as a cohesive, coherent interagency to get relevant information to the election officials and workers on the ground.” | https://www.weareiowa.com/article/news/nation-world/legal-challenges-2022-election/507-1c079416-b2c3-4cce-8801-5a418c826c97 | 2022-10-27T11:34:11 | en | 0.968017 |
ORLANDO, Fla. — A Texas mother of a toddler, scraping by on her husband's income, was desperate to return to work but struggling to afford child care. A young Florida warehouse worker had barely left behind a turbulent past of homelessness and abuse only to be mired in debt.
When both women learned they were pregnant, they came to the agonizing conclusion they couldn't go through with it.
“When you try to discuss the alternatives, you find the problems. If we could do this, where is the baby going to stay?” said Alyssa Burns, the warehouse worker who makes $16 an hour and was sharing a two-bedroom apartment with her boyfriend and another couple when she found out she was pregnant last year. “We both work full-time jobs. My mom works. We can’t afford child care.”
There are wide-ranging reasons why women may seek to terminate their pregnancies but for those struggling to make ends meet, finances are inevitably part of the calculation. Now many of them will be thrust into a circumstance they can't afford as abortion bans and restrictions take hold in half the country after the Supreme Court overturned the 1973 Roe v. Wade ruling guaranteeing abortion rights.
Three-quarters of women who seek abortions were low-income, meaning they had a family income below or up to double the federal poverty level, according to a 2014 study by the Guttmacher Institute, a science-based research group that supports abortion rights. More than half already had children and many worked in physically demanding roles with fewer labor protections and less flexibility than higher-wage jobs.
“A salaried employee with benefits is the type of person who generally does find a way with or without their employer support,” said Caitlin Myers, an economist at Middlebury College who studies reproduction and the economy. “We are talking about a really economically fragile group of workers, often hourly workers, often shift workers with very unpredictable schedules for whom this becomes really overwhelming.”
Burns, 24, was able to swiftly end her just over six-week-old pregnancy in March 2021 because Florida had no law against it at the time and the state's current law bans most abortions after 15 weeks. But she said she is haunted by the idea that in a different state and a different time, she might have been forced to have the baby.
The Texas mother panicked at the same possibility. She learned she was pregnant in September of last year just as a Texas law banning all abortions after roughly six weeks of pregnancy took effect.
“I was so broken. I couldn’t fathom that it was happening,” said the 30-year-old hairstylist who, like Burns, shared her story through the women’s advocacy group MomsRising but requested anonymity for fear of facing harassment in her conservative Corpus Christi community. “I can’t afford this child. I am struggling with a child I already have.”
In the end, she was able to have an abortion in New Mexico with financial help from Planned Parenthood. Even so, she and her husband incurred $1,000 in expenses, including $500 in car rental. Her husband had to take unpaid time from his job as a cell phone tower maintenance worker.
If it hadn’t been for the Texas ban, she said she could have gone to a clinic 20 minutes away. Indeed, for many women living in states that would ban abortions, the average travel distance to the nearest clinic would rise from 35 miles to 272 miles, according to Myers’ analysis of a national database of abortion facilities, revised monthly.
Many anti-abortion advocates say the answer is not to make it easier to terminate a pregnancy but to widen the safety net and make it easier to have children. They argue Roe v. Wade hurt working women by discouraging employers and the government from enacting more generous benefits for parents.
“Abortion has been the privileged response to female poverty and the plight of low-wage workers in this country,” said Erika Bachiochi, an anti-abortion legal scholar who believes more pressure should be applied on conservative states to strengthen policies around parental leave and child care.
But research tells a different story. Carrying an unwanted pregnancy quadruples the odds that a woman and her child will live below the federal poverty line, according to The Turnaway Study, a University of California San Francisco research project that tracked women who got access to abortions versus those who’d been denied them over a 10-year period. It triples the chances of the woman being unemployed.
Being denied an abortion often leads to increased rates of unpaid debt, poverty, evictions, and bankruptcies over the next five years, according to a recent study published by the National Bureau of Economic Research, which used the Turnaway study data to exam the credit history of women who couldn't get abortions.
Those were some of the risks facing Burns, who left home at 18 and finished high school while living homeless. Although she had found some stability by the time she got pregnant, she was still paying off more than $7,000 in debt from breaking her rental lease a few years earlier when she left an abusive relationship.
Earlier this year, the Texas hairstylist moved in with her parents in Corpus Christi because life had become too expensive in Austin, where her monthly rent rose from $1,400 to $1,600 and putting her daughter in child care would have cost $600 a week. Her husband, who earns $50,000 a year with overtime, will join her once their lease term ends. With their parents able to watch her child, she was able to go back to work two days a week.
“We’ve been playing catch-up for the longest time,” she said.
Catherine R. Pakaluk, an anti-abortion assistant professor of social research and economic thought at the Catholic University of America, acknowledges the unique difficulties for low-income women but does not believe abortion is the right answer.
“Having a baby is harder when you’re poor. But I don’t think the poor’s interest or the elite’s interest are served by eliminating a child conceived into difficult circumstances,” Pakaluk said. “That’s why the poor should be 100% the focus of any kind of policymaking.”
In reality, however, states with some of the nation’s strictest abortion laws are among the hardest places to raise children, especially for the poor, according to an analysis of federal data by The Associated Press. In Mississippi, for instance, access to pre- and post-natal care has dwindled since the Supreme Court ruling in June, making childbirth even more dangerous for poor women and children.
There is also a big disparity between the benefits that employers offer low-income workers versus high-income workers. Roughly 6% of private industry workers with an average wage in the lowest 10% had access to paid family leave, compared with 43% workers in the top 10%, according to the most recent survey by the U.S. Bureau of Labor Statistics, conducted last year. And only 38% of private industry workers with wages at the bottom 10% get paid sick leave, compared with 96% in the top 10%, according to a labor department study done in March.
Burns said she and her boyfriend dream of eventually having a family but they need stability first. She has been able to go to the dentist for the first time in her life, getting cavities filled, wisdom teeth removed and some crowns put in, accruing more debt that would have been difficult to handle with a baby.
“We have spent the last year and a half trying to get our financial stuff together and trying to get our health together, trying to get to the point where we could probably do it and not damage the child with our own problems,” Burns said. | https://www.weareiowa.com/article/news/nation-world/low-income-workers-abortion-effects/507-1eb9ecb0-f636-437a-9af5-727014b716c2 | 2022-10-27T11:34:12 | en | 0.980578 |
COLUMBUS, Ohio (AP) _ Bread Financial Holdings, Inc. (BFH) on Thursday reported third-quarter profit of $134 million.
The Columbus, Ohio-based company said it had net income of $2.69 per share.
The results met Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was also for earnings of $2.69 per share.
The manager of loyalty and rewards programs for retailers and others posted revenue of $1.11 billion in the period. Its adjusted revenue was $979 million, missing Street forecasts. Seven analysts surveyed by Zacks expected $984.7 million.
Bread Financial shares have decreased 51% since the beginning of the year. The stock has dropped 65% in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on BFH at https://www.zacks.com/ap/BFH | https://www.myjournalcourier.com/business/article/Bread-Financial-Q3-Earnings-Snapshot-17537995.php | 2022-10-27T11:34:13 | en | 0.956247 |
WASHINGTON — The problems have hardly gone away. Inflation, still near a 40-year high, is punishing households. Rising interest rates have derailed the housing market and threaten to inflict broader damage. And the outlook for the world economy grows bleaker the longer that Russia's war against Ukraine drags on.
But for now anyway, the U.S. economy has likely returned to growth after having shrunk in each of the first two quarters of 2022.
At least that's what economists expect to see Thursday when the Commerce Department issues its first of three estimates of gross domestic product — the broadest measure of economic output — for the July-September period.
Economists surveyed by the data firm FactSet have predicted, on average, that GDP grew at a 2% annual rate in the third quarter. That would reverse annual declines of 1.6% from January through March and 0.6% from April through June.
Consecutive quarters of declining economic output are one informal definition of a recession. But most economists say they believe the economy has so far skirted a recession, noting the still-resilient job market and steady spending by consumers. Most of them have expressed concern, though, that a recession is likely next year as the Federal Reserve continues to steadily ratchet up interest rates to fight inflation.
Preston Caldwell, head of U.S. economics for the financial services firm Morningstar, notes that the economy's contraction in the first half of the year was caused largely by factors that don’t reflect its underlying health and so “very likely did not constitute a genuine economic slowdown." He pointed, for example, to a drop in business inventories, a cyclical event that tends to reverse itself and generally doesn't reflect the state of the economy.
By contrast, consumer spending, fueled by a healthy job market, and stronger U.S. exports likely restored the world’s biggest economy to growth last quarter.
Thursday's report from the government comes as Americans, worried about high prices and recession risks, are preparing to vote in midterm elections that will determine whether President Joe Biden’s Democratic Party retains control of Congress. Inflation has become a signature issue for Republican attacks on the Democrats' stewardship of the economy.
The risk of an economic downturn next year remains elevated as the Fed keeps raising rates aggressively to try to tame stubbornly high consumer prices. The central bank has raised its benchmark short-term rate five times this year, and it's expected to announce further hikes next week and again in December. Chair Jerome Powell has warned bluntly that taming inflation will “bring some pain’’ — namely, higher unemployment and, possibly, a recession.
Higher borrowing costs have already hammered the home market. The average rate on a 30-year fixed-rate mortgage, just 3.09% a year ago, is approaching 7%. Sales of existing homes have fallen for eight straight months. Construction of new homes is down nearly 8% from a year ago.
Still, the economy retains pockets of strength. One is the vitally important job market. Employers have added an average of 420,000 jobs a month this year, putting 2022 on track to be the second-best year for job creation (behind 2021) in Labor Department records going back to 1940. The unemployment rate was 3.5% last month, matching a half-century low.
But hiring has been decelerating. In September, the economy added 263,000 jobs — solid but the lowest total since April 2021.
International events are causing further concerns. Russia’s invasion of Ukraine has disrupted trade and raised prices of energy and food, creating a crisis for poor countries. The International Monetary Fund, citing the war, this month downgraded its outlook for the world economy in 2023. | https://www.weareiowa.com/article/news/nation-world/us-economy-growth/507-ff8a78c4-bfbd-46f8-9562-b03a81c74af3 | 2022-10-27T11:34:13 | en | 0.960582 |
DUBAI, United Arab Emirates (AP) — Qatar will drop most of its coronavirus restrictions beginning Nov. 1, just before it hosts the 2022 FIFA World Cup.
Qatar's Health Ministry made the announcement Wednesday. In a statement, it said that PCR or rapid-antigen test results would not be required for those flying into the country.
It also dropped a requirement to register for the country's Ehteraz contract-tracing app. However, it's mandatory to use the app to enter health care facilities in Qatar.
The World Cup begins Nov. 20, when Qatar will face Ecuador.
Qatar expects 1.2 million visitors during the tournament.
In Other News | https://www.journal-news.com/nation-world/qatar-drops-coronavirus-restrictions-just-before-world-cup/66634CUCUVCOXPTMF3QH4MQVSE/ | 2022-10-27T11:34:12 | en | 0.920075 |
Amidst the border tensions along the LAC, Indian and Chinese militaries on Sunday held another round of talks in eastern Ladakh. The talks were an attempt to calm tensions even as the situation remained 'delicate.'
The commander-level interaction near Chushul lasted nearly four hours but still could not produce any tangible outcome, government sources said.
The overall situation in the region continued to be delicate with both sides further rushing in additional troops and weapons following last week's confrontations, said sources.
According to the sources, the Indian Army has been on a very high level of alert and is ready to deal with any eventuality in the area.
The two sides held extensive talks on Monday, Tuesday, and Wednesday, each lasting over six hours, but no concrete result emerged from the negotiations.
Meanwhile Defence Minister Rajnath Singh, in talks with his Chinese counterpart General Wei Fenghe on Friday in Moscow, conveyed that China must strictly respect the Line of Actual Control(LAC) and not make attempts to unilaterally change its status quo.
As per sources, Singh told Wei firmly that India will not "cede an inch of land" and is determined to protect the integrity and sovereignty of the country at "all cost."
On Monday, the Indian Army said the Chinese military carried out "provocative military movements" to "unilaterally" change the status quo on the southern bank of Pangong lake on the intervening night of August 29 and 30 but the attempt was thwarted by the Indian troops.
The two sides were earlier engaged in a confrontation on the northern bank of Pangong lake but it was for the first time such an incident occurred on its southern bank.
In the last two-and-half months, India and China have held several rounds of military and diplomatic talks but no significant headway has been made for a resolution.
Tension escalated in the region after Indian troops thwarted attempts by the Chinese military to occupy Indian territories in the southern bank of Pangong lake area on the intervening night of August 29 and 30.
The two countries have been engaged in a standoff since April-May over the transgressions by the Chinese Army in multiple areas including Finger area, Galwan valley, Hot springs and Kongrung Nala.
20 Indian soldiers were killed in a violent face-off with Chinese troops in Galwan valley in June.
(With PTI inputs) | https://www.dnaindia.com/india/report-lac-row-india-china-militaries-hold-4-hour-long-brigade-commander-level-talks-no-outcome-yet-2841524 | 2022-10-27T11:34:15 | en | 0.970363 |
ST. LOUIS PARK, Minn. (AP) _ Bridgewater Bancshares, Inc. (BWB) on Thursday reported third-quarter net income of $14.5 million.
The bank, based in St. Louis Park, Minnesota, said it had earnings of 47 cents per share.
The company posted revenue of $43.7 million in the period. Its revenue net of interest expense was $35.5 million, exceeding Street forecasts.
Bridgewater shares have climbed nearly 2% since the beginning of the year. The stock has increased 2.5% in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on BWB at https://www.zacks.com/ap/BWB | https://www.myjournalcourier.com/business/article/Bridgewater-Q3-Earnings-Snapshot-17538009.php | 2022-10-27T11:34:19 | en | 0.949699 |
MOSCOW (AP) — Russian lawmakers gave preliminary approval Thursday to a bill that imposes tough new restrictions on activities to promote LGBTQ rights in the country.
A 2013 Russian law banned what authorities deem to be the “propaganda” of “non-traditional sexual relations” to children. It has been used to stifle debate in any public context and to prevent demonstrations or any public gatherings with pro-LGBTQ content that a child could conceivably see or hear.
International human rights groups denounced the law for creating a hostile environment for lesbian, gay, bisexual, transgender and queer Russians.
The new bill, which the lower house of Russia's parliament unanimously approved on the first of three readings, ramps up the restrictions by banning the “propaganda of nontraditional sexual relationships” entirely, not just among those under age 18.
It outlaws advertising, media and online resources, books, films and theater productions deemed to contain such propaganda.
With regards to minors, the new bill expands the existing restrictions by banning information about gender transitions.
Violations are punishable by fines, and, if committed by non-residents, could lead to their expulsion from Russia.
State Duma speaker Vyacheslav Volodin said the proposed bill could be toughened further during on second reading, when lawmakers introduce their amendments. | https://www.journal-news.com/nation-world/russian-lawmakers-vet-new-bill-against-lgbtq-propaganda/7NFGSDOEFFCT5JRSX7GXZPVEYQ/ | 2022-10-27T11:34:19 | en | 0.939141 |
METTAWA, Ill. (AP) _ Brunswick Corp. (BC) on Thursday reported third-quarter profit of $163.8 million.
The Mettawa, Illinois-based company said it had profit of $2.20 per share. Earnings, adjusted for restructuring costs and amortization costs, were $2.67 per share.
The results topped Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $2.62 per share.
The boat and sporting goods company posted revenue of $1.7 billion in the period, which did not meet Street forecasts. Six analysts surveyed by Zacks expected $1.77 billion.
Brunswick expects full-year earnings to be $10 per share, with revenue expected to be $6.9 billion.
Brunswick shares have fallen 28% since the beginning of the year. The stock has decreased 21% in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on BC at https://www.zacks.com/ap/BC | https://www.myjournalcourier.com/business/article/Brunswick-Q3-Earnings-Snapshot-17537906.php | 2022-10-27T11:34:20 | en | 0.958329 |
INDEPENDENCE, Ohio (AP) _ CBIZ Inc. (CBZ) on Thursday reported third-quarter earnings of $27.5 million.
On a per-share basis, the Independence, Ohio-based company said it had net income of 53 cents. Earnings, adjusted for one-time gains and costs, came to 51 cents per share.
The provider of outsourced business services posted revenue of $363.3 million in the period.
CBIZ expects full-year earnings in the range of $2.09 to $2.12 per share.
CBIZ shares have increased 21% since the beginning of the year. The stock has risen 30% in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CBZ at https://www.zacks.com/ap/CBZ | https://www.myjournalcourier.com/business/article/CBIZ-Q3-Earnings-Snapshot-17537941.php | 2022-10-27T11:34:26 | en | 0.953715 |
Southwest posted record operating revenue in its third quarter as travelers returned in force over the summer.
Operating revenue totaled $6.22 billion, up 10% from the prior year's $5.64 billion, the company said Thursday. However, this was shy of the $6.23 billion that analysts polled by Zacks Investment Research.
Fuel costs were $3.34 per gallon.
CEO Bob Jordan said that revenue trends stayed strong in September, even as the busy summer travel season wrapped up with business travel picking up after Labor Day.
Jordan said the company anticipates revenue trends to improve from the third to fourth quarters as leisure and business travel remaining strong in an environment of lower capacity.
Southwest expects first-quarter capacity to rise about 10% and second-quarter capacity to increase approximately 14% year over year, Jordan said,
Southwest expects to be able to offer more flight options to travelers next year. Jordan said the company anticipates its route network will be approximately 90% restored by the summer, and fully restored by December 2023, compared with pre-pandemic travel.
Southwest Airlines Co. earned $277 million, or 44 cents per share, in the quarter. Stripping out certain items, earnings were 50 cents per share. This handily topped the 41 cents per share Wall Street was looking for.
Shares rose more than 3% before the market open.
Southwest is the last large U.S. airline to report third-quarter results. The other posted strong profits and surging revenue as air travel rebounded and fares were pushed higher by a shortage of seats — airlines still haven’t restored all the flights that they cut in the early days of the pandemic.
Southwest was a big beneficiary when travel began picking up. Most Americans stuck to domestic trips while international travel was restricted. Now, however, lucrative foreign travel is starting to boom, and that is likely to help American, Delta and United more than the Dallas-based low-cost carrier.
Like all airlines, Southwest faces rising costs. Jet fuel is up sharply from 2019, and a labor shortage is emboldening unions to seeking big pay raises.
This week, Southwest reached a tentative agreement with the union representing about 8,000 customer-service workers that includes raises of up to 25% over four years. The same workers voted down smaller raises in May. Pilots are also negotiating a new contract. | https://www.journal-news.com/nation-world/southwest-posts-record-3q-revenue-as-summer-travel-returns/BOSRGKYMC5BD5L6OR7XIKRPCNU/ | 2022-10-27T11:34:26 | en | 0.972181 |
A day after she was questioned by the Narcotics Control Bureau (NCB) for over six hours, Rhea Chakraborty appeared before the agency for a second day on Monday in connection with the ongoing probe into the drugs angle in death of Bollywood actor Sushant Singh Rajput.
On Sunday, she appeared before the NCB for the first time and was subjected to a six-hour grilling amid speculations that the actress would be arrested as investigators went hammer and tongs after drug related allegations that have emerged in the death case.
Rhea, who did not appear to be flustered as she stepped out, underwent interrogation by several teams of NCB sleuths at the agency's Zonal Office in the Exchange Building in Ballard Estate before they finally permitted her to go home after 6 pm in her own vehicle.
Rhea was questioned by at least two NCB teams in various aspects of the narcotic drugs thread that has cropped up in the Sushant case.
Earlier in the day, an NCB team including Sameer Wankhede, who is heading the investigation, and a woman official had gone to pick up Rhea at her home in PrimRose Apartments in Santacruz but she opted to go in her own car along with a Mumbai Police escort, amid speculation that she would be arrested.
The 28-year old actress, who has already been questioned by the Central Bureau of Investigation and Enforcement Directorate, reached the NCB office for questioning, a day after her brother was sent to NCB custody till September 9.
Besides Showik, Sushant's house manager Samuel Miranda, domestic help Dipesh Sawant, and drug peddlers Abdel Basit Parihar and Zaid Vilatra are also in NCB custody.
In a statement, released through her lawyer Satish Maneshinde, Rhea said she was "innocent" and would fully cooperate with the investigations.
"Rhea Chakraborty is ready for arrest as this is a witch-hunt and if loving someone is a crime, she will face the consequences of her love," Maneshinde said.
He added that being innocent, she has not approached any court seeking anticipatory bail in all the cases foisted by Bihar Police, now with the CBI, the ED, and the NCB. | https://www.dnaindia.com/india/report-rhea-chakraborty-appears-before-ncb-again-in-connection-with-drug-probe-2841535 | 2022-10-27T11:34:28 | en | 0.981191 |
DALLAS (AP) _ CBRE Group Inc. (CBRE) on Thursday reported third-quarter profit of $446.6 million.
The Dallas-based company said it had profit of $1.38 per share. Earnings, adjusted for non-recurring gains, were $1.13 per share.
The results did not meet Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.24 per share.
The provider of real estate investment management services posted revenue of $7.53 billion in the period, which also missed Street forecasts. Three analysts surveyed by Zacks expected $7.9 billion.
CBRE shares have declined 33% since the beginning of the year. The stock has dropped 31% in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CBRE at https://www.zacks.com/ap/CBRE | https://www.myjournalcourier.com/business/article/CBRE-Q3-Earnings-Snapshot-17537972.php | 2022-10-27T11:34:32 | en | 0.965515 |
The world, especially richer carbon polluting nations, remains "far behind" and is not doing nearly enough -- not even promising to do enough -- to reach any of the global goals limiting future warming, a United Nations report said.
That “highly inadequate” inaction means the window is closing, but not quite shut yet, on efforts to keep future warming to just a few more tenths of a degree from now, according to Thursday’s Emissions Gap report from the United Nations Environment Programme.
“Global and national climate commitments are falling pitifully short,” United Nations Secretary-General Antonio Guterres said Thursday. “We are headed for a global catastrophe.”
The world is weaning itself from fossil fuels too slowly, the report and experts said.
“The report confirms the utterly glacial pace of climate action, despite the looming precipice of climate tipping points we’re approaching,” said climate scientist Bill Hare, head of Climate Analytics that also examines what countries are promising and doing about carbon emissions in its own analysis.
Instead of limiting warming to 1.5 or 2 degrees Celsius (2.7 degrees or 3.6 degrees Fahrenheit) above pre-industrial levels, the global goals set by 2015 Paris agreement, the way the world is acting now, warming will hit 2.8 degrees (5 degrees Fahrenheit) by the year 2100, the UN report said. Countries concrete pledges would bring that down to 2.6 degrees (4.7 degrees Fahrenheit). It’s already warmed 1.1 degrees (2 degrees Fahrenheit) since pre-industrial times.
“In all likelihood we will pass by 1.5,” UNEP Executive Director Inger Andersen told The Associated Press in an interview. She didn't say when she thinks that would happen. “We can still do it, but that means 45% emissions reductions” by 2030.
“It’s really about understanding that every little digit (tenth of a degree of warming) that we shave off is a lesser catastrophic outlook,” Andersen said.
The emissions gap is the difference between the amount of carbon pollution being spewed between now and 2030 and the lower levels needed to keep warming to 1.5 or 2 degrees.
Guterres said “the emissions gap is a by-product of a commitments gap. A promises gap. An action gap.”
Stanford University climate scientist Rob Jackson, who chairs the independent Global Carbon Project that tracks carbon dioxide emissions around the world but wasn’t part of the UN report, said “another decade of fossil emissions at current rates and we’ll zip past 1.5C.... The way things are going though we’ll zip past 1.5C, past 2C and -- heaven help us -- even 2.5 or 3C.”
“We’re failing by winning too slowly,” Jackson said in an email. “Renewables are booming and cheaper than ever. But COVID stimulus plans and the war in Ukraine have disrupted global energy markets and led some countries (to) revert to coal and other fuels. This can’t continue in a safe climate.”
In 10 days, yearly international climate negotiations will begin in Sharm El Sheikh, Egypt, and in the run up to the United Nations conference, several reports highlight different aspects of the world's battle to curb climate change. Wednesday, a different UN agency looked at countries' official emission reduction targets. Thursday's Emissions Gap report looks at what countries are actually doing as well as what they promise to do in the future in various pledges.
The G20 nations, the richest countries, are responsible for 75% of the heat-trapping pollution, Andersen said, adding “clearly the more those G20s lean in, the better we will be.”
The report said “G20 members are far behind in delivering” on their promises to reduce emissions. Taking out the special cases of Turkey and Russia, current polices by G20 nations fall 2.6 billion metric tons a year short of the 2030 goal, the report said. Both Turkey and Russia's targets for 2030 have higher pollution levels than current policies project and using their projections would make the G20 emissions gap artificially low, the report said.
"It's critical that China, as well as the U.S. and other G20 countries, actually lead," Andersen said. She hailed the newly passed $375 billion American climate- and inflation-fighting law as an example of action instead of just promises.
The report said that by 2030 the U.S. law should prevent 1 billion metric tons of carbon emissions, which is much more than other nations efforts made this year.
“What we’re calling for is an accelerated pace because there are good things happening out there in a number of countries, but it’s just not fast enough and it’s not consistent enough,” Andersen said.
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Follow AP's climate and environment coverage at https://apnews.com/hub/climate-and-environment
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Follow Seth Borenstein on Twitter at @borenbears
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Associated Press climate and environmental coverage receives support from several private foundations. See more about AP's climate initiative here. The AP is solely responsible for all content. | https://www.journal-news.com/nation-world/un-report-climate-pollution-reductions-highly-inadequate/PGO3HPUGXZEYXO7OTRSSSDHFMA/ | 2022-10-27T11:34:33 | en | 0.942679 |
JACKSON, Mich. (AP) _ CMS Energy Corp. (CMS) on Thursday reported third-quarter net income of $165 million.
On a per-share basis, the Jackson, Michigan-based company said it had profit of 56 cents.
The results matched Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was also for earnings of 56 cents per share.
The energy company posted revenue of $2.02 billion in the period, surpassing Street forecasts. Three analysts surveyed by Zacks expected $1.76 billion.
CMS Energy expects full-year earnings in the range of $2.87 to $2.89 per share.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CMS at https://www.zacks.com/ap/CMS | https://www.myjournalcourier.com/business/article/CMS-Energy-Q3-Earnings-Snapshot-17538011.php | 2022-10-27T11:34:38 | en | 0.940264 |
SASKATOON, Saskatchewan (AP) _ Cameco Corp. (CCJ) on Thursday reported a loss of $15 million in its third quarter.
On a per-share basis, the Saskatoon, Saskatchewan-based company said it had a loss of 4 cents. Earnings, adjusted for non-recurring costs, were 2 cents per share.
The uranium producer posted revenue of $298 million in the period.
Cameco shares have increased 15% since the beginning of the year. The stock has declined roughly 7% in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CCJ at https://www.zacks.com/ap/CCJ | https://www.myjournalcourier.com/business/article/Cameco-Q3-Earnings-Snapshot-17537967.php | 2022-10-27T11:34:40 | en | 0.960065 |
North Platte temperatures will reach the 50's today. It should reach a cool 54 degrees. Expect a drastic drop in temperatures though, with a low reaching 28 degrees. Models are suggesting a 24% chance of precipitation in today's outlook. The area will see gentle winds today, with forecast models showing only 9 mph wind conditions coming up from the East. This report is created automatically with weather data provided by TownNews.com. For more daily forecast information, visit nptelegraph.com.
Here is today's weather outlook for Oct. 27, 2022 in North Platte, NE
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This evening in North Platte: Partly cloudy. Low 34F. Winds WNW at 15 to 25 mph. Looking ahead, North Platte temperatures will reach the 50's …
This evening in North Platte: Clear. Low near 40F. Winds SE at 5 to 10 mph. Looking ahead, the North Platte area can expect a sizzling hot day…
North Platte folks should see highs in the 50's today. The forecast calls for it to be a crisp 55 degrees. Expect a drastic drop in temperatur…
Hot temperatures are predicted today. The forecast calls for it to be a warm 86 degrees. Expect a drastic drop in temperatures though, with a …
This evening's outlook for North Platte: Partly cloudy skies. Low near 25F. Winds WNW at 10 to 20 mph. Folks in the North Platte area will see…
North Platte folks should be prepared for high temperatures. It should reach a warm 84 degrees. Expect a drastic drop in temperatures though, …
North Platte people will see temperatures in the 60s today. The forecast calls for it to be a comfortable 65 degrees. Expect a drastic drop in…
North Platte's evening forecast: Partly cloudy. Low 29F. Winds light and variable. North Platte folks should see highs in the 50's tomorrow. I…
North Platte temperatures will reach the 50's today. It looks to reach a brisk 56 degrees. We'll see a low temperature of 37 degrees today. No…
For the drive home in North Platte: Partly cloudy during the evening followed by cloudy skies overnight. Slight chance of a rain shower. Low 3… | https://nptelegraph.com/weather/here-is-todays-weather-outlook-for-oct-27-2022-in-north-platte-ne/article_ea7f622a-6abf-54ad-a96f-dab4894dc781.html | 2022-10-27T11:34:41 | en | 0.88385 |
PALM BEACH GARDENS, Fla. (AP) _ Carrier Global Corporation (CARR) on Thursday reported third-quarter profit of $1.31 billion.
On a per-share basis, the Palm Beach Gardens, Florida-based company said it had profit of $1.53. Earnings, adjusted for non-recurring gains, came to 70 cents per share.
The results beat Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 65 cents per share.
The company posted revenue of $5.45 billion in the period, which also topped Street forecasts. Seven analysts surveyed by Zacks expected $5.44 billion.
Carrier Global expects full-year earnings in the range of $2.30 to $2.35 per share, with revenue expected to be $20.4 billion.
Carrier Global shares have declined 32% since the beginning of the year. The stock has dropped 31% in the last 12 months.
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DEERFIELD, Ill. (AP) _ Caterpillar Inc. (CAT) on Thursday reported third-quarter net income of $2.04 billion.
On a per-share basis, the Deerfield, Illinois-based company said it had profit of $3.87. Earnings, adjusted for restructuring costs, came to $3.95 per share.
The results surpassed Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment Research was for earnings of $3.19 per share.
The construction equipment company posted revenue of $14.99 billion in the period, which also beat Street forecasts. Nine analysts surveyed by Zacks expected $14.34 billion.
Caterpillar shares have decreased almost 5% since the beginning of the year, while the S&P's 500 index has fallen 20%. The stock has fallen slightly more than 1% in the last 12 months.
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GETZVILLE, N.Y. (AP) _ Columbus McKinnon Corp. (CMCO) on Thursday reported fiscal second-quarter earnings of $14.1 million.
On a per-share basis, the Getzville, New York-based company said it had net income of 49 cents. Earnings, adjusted for amortization costs and non-recurring costs, were 73 cents per share.
The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 72 cents per share.
The maker of materials handling products and systems posted revenue of $231.7 million in the period.
For the current quarter ending in December, Columbus McKinnon said it expects revenue in the range of $225 million to $235 million.
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PHILADELPHIA (AP) _ Comcast Corp. (CMCSA) on Thursday reported a third-quarter loss of $4.6 billion, after reporting a profit in the same period a year earlier.
On a per-share basis, the Philadelphia-based company said it had a loss of $1.05. Earnings, adjusted for one-time gains and costs, were 96 cents per share.
The results topped Wall Street expectations. The average estimate of 13 analysts surveyed by Zacks Investment Research was for earnings of 89 cents per share.
The cable provider posted revenue of $29.85 billion in the period, which also beat Street forecasts. Thirteen analysts surveyed by Zacks expected $29.68 billion.
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ENGLEWOOD CLIFFS, N.J. (AP) _ ConnectOne Bancorp Inc. (CNOB) on Thursday reported third-quarter profit of $28.9 million.
The Englewood Cliffs, New Jersey-based bank said it had earnings of 70 cents per share.
The holding company for ConnectOne Bank posted revenue of $100.3 million in the period. Its revenue net of interest expense was $81.5 million, which topped Street forecasts.
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DETROIT (AP) _ DTE Energy Co. (DTE) on Thursday reported third-quarter earnings of $387 million.
On a per-share basis, the Detroit-based company said it had net income of $1.99. Earnings, adjusted for non-recurring gains, came to $1.60 per share.
The results topped Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.58 per share.
DTE Energy expects full-year earnings in the range of $5.90 to $6.10 per share.
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MARIETTA, Pa. (AP) _ Donegal Group Inc. (DGICA) on Thursday reported a loss of $10.4 million in its third quarter.
The Marietta, Pennsylvania-based company said it had a loss of 33 cents per share. Losses, adjusted for investment costs, came to 27 cents per share.
The insurance holding company posted revenue of $212.8 million in the period. Its adjusted revenue was $215.2 million.
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MARIETTA, Pa. (AP) _ Donegal Group Inc. (DGICB) on Thursday reported a loss of $10.4 million in its third quarter.
The Marietta, Pennsylvania-based company said it had a loss of 30 cents per share. Losses, adjusted for investment costs, were 25 cents per share.
The insurance company posted revenue of $212.8 million in the period. Its adjusted revenue was $215.2 million.
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EVANSVILLE, Ind. (AP) _ Escalade Inc. (ESCA) on Thursday reported third-quarter earnings of $3 million.
The Evansville, Indiana-based company said it had net income of 22 cents per share.
The maker of sporting goods products posted revenue of $74.9 million in the period.
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CHISINAU, Moldova (AP) — Tudor Popescu swings his ax down on a log, then feeds the split wood into a stove that heats his home in the capital of Moldova. As the nights turn chilly, the stack of firewood has been growing higher around him — his provisions for the coming winter.
In the past, Popescu relied on natural gas to keep warm in the mornings and firewood in the evenings. But gas is now in shorter supply, creating a crisis in his small Eastern European country.
“I won't use gas anymore, so it's going to only be wood,” Popescu said. "But what I have isn't enough."
Europe's energy crisis, triggered by Russia slashing natural gas flows amid its war against Ukraine, has forced some people to turn to cheaper heating sources like firewood as the weather gets colder. But as more people stock up and burn wood, prices have skyrocketed, shortages and thefts have been reported, and scams are emerging. Foresters are putting GPS devices into logs to track the valuable stocks, and fears are rising about the environmental impact of increased air pollution and tree-cutting.
In the former Soviet republic of Moldova, leaders worry that this winter could be devastating for many of its people because of the high cost of electricity and heat, with European natural gas prices roughly triple what they were in early 2021 despite falling from August's record highs. Europe’s poorest country, with pro-Western aspirations but part of its territory controlled by Russian troops, has seen Russian energy giant Gazprom slash natural gas supplies by 30% recently and threaten more cuts.
The clamor for firewood is not limited to poorer nations like Moldova but has surged across richer regions of Europe, too. Germany, Poland and the Czech Republic's state-owned forests are seeing much stronger demand for the limited amounts of firewood they sell as part of their sustainable forest management.
Often it's coming from people who have never ordered firewood before and seem unaware that it needs to be purchased two years ahead so it can dry out enough to be burned in wood stoves, according to the forest service in southwest Germany's state of Hesse.
German forest rangers also are seeing more people gathering fallen wood in forests, often not knowing it's illegal.
Czech state forests, which sell wood only for household consumption, have had to limit the amount of firewood sold to individuals to prevent speculative purchases.
In Poland, demand for small firewood from state forests grew 46% and larger firewood was up 42% through the end of August from a year earlier. This was even before fall, when demand for firewood is highest.
“There is, of course, an increased interest in firewood in forest districts because today it is the cheapest fuel available,” said Michal Gzowski, spokesman for Poland’s State Forests. “Small firewood is probably the cheapest heating material in the EU countries.”
He said theft of firewood, which has always existed to some extent, is rising.
To deter theft, the forestry department in the German state of North Rhine-Westphalia is experimenting with hiding GPS tracking devices in logs, spokeswoman Nicole Fiegler said.
There hasn’t been a sudden rash of large-scale thefts, but the recent price increases have stirred fears from small forest plot holders, who could face major losses if a stack of logs gets swiped.
“It’s more a situation of anxiety and fears,” Fiegler said, noting the increased value of firewood.
Foresters in the neighboring Hesse region have been using GPS trackers since 2013 and say they have been able to solve several thefts that way.
Austrian police warned last week of a significant rise in fraudsters claiming to sell firewood and wood pellets online, while several companies across the country were raided on suspicion that they had engaged in price rigging.
The German Pellet Institute also is warning buyers to beware of fake sellers who demand payment in advance and then disappear.
Germany’s statistics agency says prices for firewood and wood pellets made from sawdust that can be used in central home heating rose over 85% in August from a year earlier.
Pellet prices per ton fell 2.6% in October but remain almost 200% higher than a year ago, the pellet institute says. Even so, heating with pellets is cheaper than natural gas for those equipped to burn them, it says. Gas costs 20.9 cents per kilowatt hour of heat, while pellets cost 14.88 cents.
In the United Kingdom, prices of firewood also are going up.
“We’ve seen a massive increase in demand” as energy costs rise, said Nic Snell, managing director of Certainly Wood, which bills itself as the biggest firewood supplier in the U.K. selling about 20,000 tons of wood a year.
Snell estimated that his company’s kiln-dried hardwood is 15% to 20% more expensive than last year and “could become more as the weather gets colder.”
He said demand for his domestically sourced firewood was boosted by pricier imported wood from countries like Latvia and Lithuania. Transport costs, mainly for fuel, have pushed up the price of imports, which used to be cheaper than British wood but are now more expensive.
In Denmark, the demand for wood-burning stoves is growing along with firewood itself. The Danish sales site DBA said searches for wood pellets have exploded by over 1,300% in the past year.
The government and environmentalists have warned Danes planning to burn firewood to consider the risks: fire can be a hazard to health, while smoke contributes to particle pollution.
There is also the damaging environmental impact of chopping down more trees.
Egzona Shala, head of an environmental organization in Kosovo, where electricity prices have spiked, says the cutting of forest trees there has significantly increased. Her group, EcoZ, has been monitoring forests in mountainous areas and has found people illegally cutting trees at 5 a.m. in some cases. The firewood is then sold around the capital.
Often those cut are young trees. The forests, she said, are being subjected to "vulgar deforestation without any criteria and control.”
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Gera reported from Warsaw, Poland, and McHugh from Frankfurt, Germany. AP reporters Monika Scislowska in Warsaw; Kelvin Chan in London; Jan M. Olsen in Copenhagen, Denmark; Philipp Jenne in Austria; Llazar Semini in Tirana, Albania; and Karel Janicek in Prague contributed. | https://www.myjournalcourier.com/business/article/Europe-s-energy-crisis-raises-firewood-prices-17537649.php | 2022-10-27T11:35:32 | en | 0.970782 |
NEW YORK (AP) _ ExlService Holdings Inc. (EXLS) on Thursday reported third-quarter earnings of $39.1 million.
On a per-share basis, the New York-based company said it had net income of $1.16. Earnings, adjusted for one-time gains and costs, came to $1.54 per share.
The results beat Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $1.40 per share.
The provider of outsourcing services posted revenue of $361.4 million in the period, also beating Street forecasts. Five analysts surveyed by Zacks expected $345.7 million.
ExlService Holdings expects full-year earnings in the range of $5.85 to $5.95 per share, with revenue in the range of $1.39 billion to $1.4 billion.
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SANTA ANA, Calif. (AP) _ First American Financial Corp. (FAF) on Thursday reported third-quarter profit of $2 million.
On a per-share basis, the Santa Ana, California-based company said it had profit of 2 cents. Earnings, adjusted for investment costs, were $1.62 per share.
The financial services company posted revenue of $1.82 billion in the period.
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RALEIGH, N.C. (AP) _ First Citizens BancShares Inc. (FCNCA) on Thursday reported third-quarter net income of $315 million.
The Raleigh, North Carolina-based bank said it had earnings of $19.25 per share. Earnings, adjusted for non-recurring costs, were $20.77 per share.
The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $19.88 per share.
The bank posted revenue of $1.34 billion in the period. Its revenue net of interest expense was $1.23 billion, also exceeding Street forecasts.
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FORT WORTH, Texas (AP) _ FirstCash Holdings, Inc (FCFS) on Thursday reported third-quarter earnings of $59.3 million.
On a per-share basis, the Fort Worth, Texas-based company said it had net income of $1.26. Earnings, adjusted for non-recurring costs, were $1.30 per share.
The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.19 per share.
The pawn store posted revenue of $672.1 million in the period, which also topped Street forecasts. Three analysts surveyed by Zacks expected $670.4 million.
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BROOKFIELD, Wis. (AP) _ Fiserv Inc. (FISV) on Thursday reported third-quarter net income of $481 million.
The Brookfield, Wisconsin-based company said it had profit of 75 cents per share. Earnings, adjusted for one-time gains and costs, came to $1.63 per share.
The results fell short of Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment Research was for earnings of $1.70 per share.
The financial services technology company posted revenue of $4.52 billion in the period. Its adjusted revenue was $4.27 billion, which met Street forecasts.
Fiserv expects full-year earnings in the range of $6.48 to $6.55 per share.
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BOCA RATON, Fla. (AP) _ Geo Group Inc. (GEO) on Thursday reported a key measure of profitability in its third quarter.
The Boca Raton, Florida-based real estate investment trust said it had funds from operations of $73.9 million, or 60 cents per share, in the period.
Funds from operations is a closely watched measure in the REIT industry. It takes net income and adds back items such as depreciation and amortization.
The company said it had net income of $38.3 million, or 26 cents per share.
The private prison operator, based in Boca Raton, Florida, posted revenue of $616.7 million in the period, which beat Street forecasts. Three analysts surveyed by Zacks expected $605.9 million.
For the current quarter ending in December, Geo Group said it expects revenue in the range of $600 million to $605 million.
The company expects full-year funds from operations in the range of $2.47 to $2.49 per share, with revenue expected to be $2.36 billion.
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WATSONVILLE, Calif. (AP) _ Granite Construction Inc. (GVA) on Thursday reported third-quarter earnings of $73.4 million.
The Watsonville, California-based company said it had net income of $1.44 per share. Earnings, adjusted for non-recurring gains, were $1.41 per share.
The contractor and construction materials producer posted revenue of $1.01 billion in the period.
Granite Construction expects full-year revenue in the range of $3.2 billion to $3.3 billion.
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LAKE OSWEGO, Ore. (AP) _ Greenbrier Companies Inc. (GBX) on Thursday reported fiscal fourth-quarter net income of $20.2 million.
The Lake Oswego, Oregon-based company said it had profit of 60 cents per share.
The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 43 cents per share.
The maker of railroad freight car equipment posted revenue of $950.7 million in the period.
For the year, the company reported profit of $46.9 million, or $1.40 per share. Revenue was reported as $2.98 billion.
Greenbrier expects full-year revenue in the range of $3.2 billion to $3.6 billion.
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BATON ROUGE, La. (AP) _ H&E Equipment Services Inc. (HEES) on Thursday reported third-quarter profit of $38.4 million.
The Baton Rouge, Louisiana-based company said it had profit of $1.05 per share.
The construction and industrial equipment service provider posted revenue of $324.3 million in the period.
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YOKNEAM, Israel (AP) _ InMode Ltd. (INMD) on Thursday reported third-quarter earnings of $48.8 million.
The Yokneam, Israel-based company said it had profit of 58 cents per share. Earnings, adjusted for stock option expense, came to 66 cents per share.
The maker of cosmetic surgery devices posted revenue of $121.2 million in the period.
InMode expects full-year earnings in the range of $2.28 to $2.30 per share, with revenue in the range of $445 million to $450 million.
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CHICAGO (AP) — Sitting on a bench in front of Soldier Field, about to watch his beloved Chicago Bears play in person, money wasn't exactly a big concern for Corey Metzger.
Or any concern, really.
“This trip has been a long time in the making, and I'm splurging whatever I got to spend to make it happen,” said the 45-year-old Metzger, who works in law enforcement in Fargo, North Dakota.
Metzer's eager pilgrimage is a familiar one for sports fans, especially after the COVID-19 pandemic eased. But persistently high inflation and gas prices are looming over the monetary pipeline that resumed when fans returned.
U.S. inflation jumped 8.2% in September from a year ago, the government reported this month. That’s not far from a four-decade high of 9.1% in June. Higher prices for housing, food and medical care were among the largest contributors to the rise.
Given the industry’s reliance on disposable income, the inflation numbers are a troubling sign for sports business leaders.
“What’s historically accurate for teams is that they tend to try to take less on the ticketing side because once somebody comes in they typically will make up for it once they are inside,” said Ron Li, a senior vice president at Navigate, a consulting firm in sports and entertainment. “But with costs rising pretty much across the board after the turnstile, I think they have some decisions they need to make.”
According to Team Marketing Report, the average cost for a family of four to attend a 2022 Major League Baseball game was $256.41, an increase of $3.04 from the previous season. The main engine behind the rise was the cost of tickets, with the average general ticket price increasing 3.6% to $35.93.
Despite the jump in prices, Americans have largely kept up their spending, particularly on entertainment and other services like travel that they missed out on during the pandemic. Still, there are signs the solid spending won’t last: Credit card debt is rising and savings have declined as consumers, particularly low-income ones, have taken hits to their finances from the spike in inflation.
Casey Lynn, 43, a low-voltage technician from Minneapolis, and his wife, Lori, 44, a commercial lender, aren't big football fans, but they decided to check out the Bears on a trip to Chicago. While Casey Lynn said he is bothered by the ticket surcharges, the couple didn't want to pass on the opportunity to see the game.
“The gas is a necessity. Electric's a necessity. The sports isn't a necessity,” he said. “But when in Rome, why not?”
Dan Coyne, 38, a life insurance wholesaler from Harrisburg, Pennsylvania, makes an annual trip to Chicago to see the Bears with his brother, Dave, 47, of Valparaiso, Indiana, who has season tickets. But this time around was a little different.
“Flying out here, rental cars have like tripled in price, it definitely factored in,” he said. “But this is a once-in-a-year thing.”
The brothers got something to eat a couple hours before the game. Dave Coyne normally stays away from the concessions at Soldier Field, but “I only had to pay for myself tonight,” he said. “I didn't have a kid or my wife with me.”
Concessions typically have a higher profit margin for sports teams and providers, but increased costs for goods, transportation and labor have cut into those margins. The changes come after concessions companies were already profoundly impacted by the pandemic.
“The whole model has been kind of disrupted in a pretty big way as we're dealing with inflation of 10, 15, 20, 25, 30% when we have typically underwritten 2 or 3%,” said Jamie Obletz, president of Delaware North Sportservice. “And you can imagine the impact that that's had on us and what it's forced us to think about and do over the past six to 12 months, like a lot of companies.”
Paul Pettas, a vice president with Sodexo Live!, estimated overall costs are up 10% to 15% over the past 12 to 24 months.
“In reality, costs are up across the board, but we certainly try to do as much as we can to keep that down and not have that affect the average fan or guest who comes to our events,” he said.
Concessions companies also are experiencing lingering issues with their supply chains, which have improved recently but remain a factor. Obletz recalled his company running out of peanuts midway through the 2021 World Series in Atlanta, so two workers drove a truck to another venue, loaded up and then drove through the night to get back to Truist Park.
“Things are not great,” Obletz said. “They're better than they were, it feels like, three to six months ago, and our hope is that it continues to improve.”
The issues have forced concession companies to get creative in an effort to address the rising costs with minimal effect on consumers in terms of culinary options and price.
Chefs are redesigning menus to replace items that face significant cost increases and consolidating other options. They are using analytics to examine portion sizes — do consumers need six chicken fingers or will five work instead? — and taking a closer look at their vendors.
“There's dozens of things like this that we've tried to do and are doing as we speak, trying very desperately to offset those pricing increases that we're seeing,” Obletz said.
Alison Birdwell, the president and CEO of Aramark Sports + Entertainment, said the company is leaning on analytics and its data science team “more than ever” when it comes to menu strategies and new concessions items.
"With that guidance, we are working to give fans the items they’re looking for while simultaneously being efficient with our product and mitigating significant increases in cost,” Birdwell said in a statement to AP.
___
AP Economics Writer Christopher Rugaber contributed to this report.
___
For more AP coverage of the impact of inflation: https://apnews.com/hub/inflation And for more AP sports coverage: https://apnews.com/hub/sports and https://twitter.com/AP_Sports | https://www.myjournalcourier.com/business/article/Inflation-gas-prices-looming-over-sports-biz-17537859.php | 2022-10-27T11:36:26 | en | 0.976265 |
You need to enable JavaScript to run this app. | https://sportspyder.com/nfl/denver-broncos/articles/41273747 | 2022-10-27T11:36:28 | en | 0.738227 |
MEMPHIS, Tenn. (AP) _ International Paper Co. (IP) on Thursday reported third-quarter net income of $951 million.
The Memphis, Tennessee-based company said it had profit of $2.64 per share. Earnings, adjusted for non-recurring gains, were $1.01 per share.
The results missed Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $1.22 per share.
The global paper and packaging company posted revenue of $5.4 billion in the period, topping Street forecasts. Six analysts surveyed by Zacks expected $5.32 billion.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on IP at https://www.zacks.com/ap/IP | https://www.myjournalcourier.com/business/article/International-Paper-Q3-Earnings-Snapshot-17538007.php | 2022-10-27T11:36:32 | en | 0.947667 |
You need to enable JavaScript to run this app. | https://sportspyder.com/nfl/denver-broncos/articles/41273799 | 2022-10-27T11:36:34 | en | 0.738227 |
JERICHO, N.Y. (AP) _ Kimco Realty Corp. (KIM) on Thursday reported a key measure of profitability in its third quarter. The results beat Wall Street expectations.
The real estate investment trust, based in Jericho, New York, said it had funds from operations of $254.5 million, or 41 cents per share, in the period.
The average estimate of 10 analysts surveyed by Zacks Investment Research was for funds from operations of 39 cents per share.
Funds from operations is a closely watched measure in the REIT industry. It takes net income and adds back items such as depreciation and amortization.
The company said it had net income of $51.6 million, or 8 cents per share.
The real estate investment trust posted revenue of $433.4 million in the period, also beating Street forecasts. Five analysts surveyed by Zacks expected $423.5 million.
Kimco Realty expects full-year funds from operations to be $1.57 to $1.59 per share.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on KIM at https://www.zacks.com/ap/KIM | https://www.myjournalcourier.com/business/article/Kimco-Realty-Q3-Earnings-Snapshot-17537950.php | 2022-10-27T11:36:39 | en | 0.9534 |
CHICAGO (AP) _ LKQ Corp. (LKQ) on Thursday reported third-quarter profit of $262 million.
The Chicago-based company said it had net income of 95 cents per share. Earnings, adjusted for one-time gains and costs, came to 97 cents per share.
The results surpassed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 95 cents per share.
The vehicle components company posted revenue of $3.1 billion in the period, missing Street forecasts. Five analysts surveyed by Zacks expected $3.21 billion.
LKQ expects full-year earnings in the range of $3.85 to $3.95 per share.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on LKQ at https://www.zacks.com/ap/LKQ | https://www.myjournalcourier.com/business/article/LKQ-Q3-Earnings-Snapshot-17537876.php | 2022-10-27T11:36:40 | en | 0.936149 |
You need to enable JavaScript to run this app. | https://sportspyder.com/nfl/denver-broncos/articles/41273960 | 2022-10-27T11:36:40 | en | 0.738227 |
You need to enable JavaScript to run this app. | https://sportspyder.com/nfl/denver-broncos/articles/41274016 | 2022-10-27T11:36:46 | en | 0.738227 |
BURLINGTON, N.C. (AP) _ Laboratory Corp. of America Holdings (LH) on Thursday reported third-quarter profit of $352.8 million.
On a per-share basis, the Burlington, North Carolina-based company said it had profit of $3.90. Earnings, adjusted for one-time gains and costs, were $4.68 per share.
The results did not meet Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $4.71 per share.
The medical laboratory operator posted revenue of $3.61 billion in the period, also missing Street forecasts. Seven analysts surveyed by Zacks expected $3.83 billion.
LabCorp expects full-year earnings in the range of $19.25 to $20.25 per share.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on LH at https://www.zacks.com/ap/LH | https://www.myjournalcourier.com/business/article/LabCorp-Q3-Earnings-Snapshot-17537994.php | 2022-10-27T11:36:46 | en | 0.948396 |
You need to enable JavaScript to run this app. | https://sportspyder.com/nfl/denver-broncos/articles/41274027 | 2022-10-27T11:36:52 | en | 0.738227 |
HAMILTON, Bermuda (AP) _ Lazard Ltd (LAZ) on Thursday reported third-quarter earnings of $105.8 million.
On a per-share basis, the Hamilton, Bermuda-based company said it had net income of $1.06. Earnings, adjusted for one-time items, came to $1.05 per share.
The company posted revenue of $746.4 million in the period. Its adjusted revenue was $723.6 million.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on LAZ at https://www.zacks.com/ap/LAZ | https://www.myjournalcourier.com/business/article/Lazard-Q3-Earnings-Snapshot-17537954.php | 2022-10-27T11:36:52 | en | 0.939726 |
You need to enable JavaScript to run this app. | https://sportspyder.com/nfl/denver-broncos/articles/41274236 | 2022-10-27T11:36:58 | en | 0.738227 |
WEST WOKING, Britain (AP) _ Linde plc (LIN) on Thursday reported third-quarter net income of $1.27 billion.
The West Woking, Britain-based company said it had profit of $2.54 per share. Earnings, adjusted for non-recurring costs, were $3.10 per share.
The results exceeded Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $2.94 per share.
The gas supplier posted revenue of $8.8 billion in the period, also beating Street forecasts. Four analysts surveyed by Zacks expected $8.27 billion.
For the current quarter ending in December, Linde expects its per-share earnings to range from $2.80 to $2.90.
The company expects full-year earnings in the range of $11.93 to $12.03 per share.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on LIN at https://www.zacks.com/ap/LIN | https://www.myjournalcourier.com/business/article/Linde-Q3-Earnings-Snapshot-17537892.php | 2022-10-27T11:36:59 | en | 0.949097 |
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