In Q1 2018, Ford’s (F) automotive EBIT fell 20% YoY (year-over-year) to $1.7 billion, and its EBIT margins contracted YoY to 4.4% from 6.0%. Ford’s profits worsened in many of its key segments due to higher steel and aluminum prices, higher structural costs, and currency headwinds driven by the British pound, Thai baht, Canadian dollar, and Argentinian peso.
Coal-fired power plants would be forced to capture smokestack emissions or shut down under a rule issued Thursday by the Environmental Protection Agency. New limits on greenhouse gas emissions from fossil fuel-fired electric plants are the Biden administration's most ambitious effort yet to roll back planet-warming pollution from the power sector, the nation’s second-largest contributor to climate change. The rules are a key part of President Joe Biden's pledge to eliminate carbon pollution from the electricity sector by 2035 and economy-wide by 2050.
U.S. President Joe Biden will travel to Syracuse, New York, on Thursday to announce a preliminary agreement with memory chip maker Micron Technology for up to $6.14 billion in subsidies for two chip factories, the White House said. The agreement signed by the U.S. Commerce Department will fund facilities in New York and Idaho under the 2022 CHIPS and Science Act, which aims to boost domestic manufacturing of chips and reduce reliance on supplies from China and Taiwan. The Commerce Department said the federal grants would support the construction of a fabrication plant, or fab, in Clay, New York, a first step toward Micron's plans to invest about $100 billion in New York and create 13,500 jobs.
President Joe Biden has a great economic story to tell voters a decade from now, less so in 2024. On Thursday, the Democratic president will head to upstate New York to celebrate Micron Technology's plans to build a campus of computer chip factories made possible in part with government support. Staring down a rematch with Republican Donald Trump, Biden is asking voters to believe in a vision for the U.S. economy that is still largely a promise.
Investors appear to be losing patience with Big Tech's prodigious artificial intelligence investments this week after Meta Platforms signaled deeper spending and a long road to profitability. The concession from Meta in its quarterly report late on Wednesday cast a cloud over Microsoft and Alphabet, which will both report quarterly earnings on Thursday. Meta's stock sank 15% in extended trade after it forecast higher AI spending next year, while Microsoft was down 2%, Alphabet fell 3% and Nvidia dropped 1.4% in reaction.
Investors react badly to the Facebook and WhatsApp owner spending more than anticipated on AI.
Toyota launched a public transport pilot on Thursday with nine fully electric Hilux Revo pickup trucks in Thailand, a key Southeast Asian battleground for electric vehicles where Chinese players are challenging the dominance of Japanese automakers. "The battery EV Revo have been modified into song-taews for public transportation," Toyota Motor Thailand Executive Vice President Surapoom Udomwong said Thursday, referring to the pickup trucks that have been re-purposed for public transit.
Disruption has hit the morning rush-hour on Thursday after a train crashed into an obstruction near Watford. Trains to and from Euston are among those affected. National Rail warns trains are having to run at reduced speeds on the line towards Milton Keynes Central.
Visiting chipmakers has become one of President Biden's most common reasons for getting on the road. He will do so again Thursday as he travels to Syracuse to award Micron $6 billion in federal money.
Republican China hardliner Marco Rubio is calling on the Biden administration to block all sales to Huawei after the sanctioned Chinese tech company released a new AI-enabled laptop powered by an Intel AI processor chip. The release of Huawei's first AI-enabled laptop, the MateBook X Pro powered by Intel's new Core Ultra 9 processor, last week drew fire from Republican lawmakers, who said it suggests that the Commerce Department had given the greenlight to Intel to sell the chip to Huawei.
The regulatory package will set the first greenhouse gas limits on power plants and halve the time it takes to get new transmission lines permitted.
ORION CORPORATION INTERIM REPORT 1-3/2024 25 APRIL 2024 at 12:00 EEST Orion Group Interim Report January–March 2024 Net sales totalled EUR 308.5 (January–March 2023: 277.9) million Operating profit was EUR 56.0 (55.5) millionBasic earnings per share were EUR 0.31 (0.31)Cash flow from operating activities per share was EUR 0.78 (0.03)The outlook for 2024 has been specified regarding operating profit: Operating profit is estimated to be EUR 280 million to EUR 310 million. Previously operating prof
AB Šiaulių Bankas invites shareholders, investors, analysts and other stakeholders to join it’s Investors webinar for 2024 Q1 financial results and highlights scheduled on 29 April, 2024 at 4:00 pm (EEST). The presentation will be held online in English. The webinar will be hosted by Vytautas Sinius, CEO, Donatas Savickas, CFO, Tomas Varenbergas, Head of Investment Management Division and Indre Genytė-Pikčienė, Chief Economist. After the presentation investors are welcome to ask questions. Pleas
TORONTO, April 25, 2024 (GLOBE NEWSWIRE) -- The curriculum guides for Ontario elementary and high school students are lacking in specific Canadian history content, and are not organized chronologically to give students a solid foundational knowledge of the nation’s past, finds a new study released today by the Fraser Institute, an independent, non-partisan Canadian public policy think-tank. “Ontario students are not taught enough about the specifics of Canada’s history, and the little amount of
REDWOOD CITY, Calif., April 25, 2024 (GLOBE NEWSWIRE) -- Check Point® Software Technologies Ltd. (NASDAQ: CHKP), today announced its financial results for the quarter ended March 31st, 2024. First Quarter 2024: Total Revenues: $599 million, a 6 percent increase year over yearSecurity Subscription Revenues: $263 million, a 15 percent increase year over yearGAAP Operating Income: $194 million, representing 32 percent of total revenuesNon-GAAP Operating Income: $252 million, representing 42 percent
The freeze drying equipment market was valued at USD 2.1 Billion in 2022 and is expected to reach a market size of USD 5.5 Billion by 2032 at a CAGR of 10.1%.Fort Collins, Colorado, April 25, 2024 (GLOBE NEWSWIRE) -- Technological Advancements and Process Optimization Freeze drying equipment is mostly used in the food industry to preserve products such as food, medications, and heat-sensitive biological components. The freeze drying equipment market includes the manufacture, sale, and usage of e
Press release PEP-Therapy and Institut Curie Announce First Patients Dosedin Phase Ib Clinical Trial Evaluating PEP-010in Ovarian and Pancreatic Cancers Paris (France), April 25, 2024 – PEP-Therapy, a clinical-stage biotechnology company developing first-in-class peptides as targeted therapies in oncology, and Institut Curie, France’s leading cancer center, today announced the dosing of the first patients in a Phase Ib clinical trial evaluating PEP-Therapy’s lead candidate, PEP-010, based on hig
A ship traveling in the Gulf of Aden came under attack Thursday, officials said, the latest assault likely carried out by Yemen's Houthi rebels over Israel's ongoing war on Hamas in the Gaza Strip. The attack comes after the U.S. military said early Thursday an allied warship shot down a Houthi missile targeting a vessel the day before near the same area. The Houthis claimed that Wednesday assault, which comes after a period of relatively few rebel attacks on shipping in the region over Israel’s ongoing war on Hamas in the Gaza Strip.
Former Pakistan women's captain Bismah Maroof retired from international cricket on Thursday after 276 games in an 18-year career. “I have decided to retire from the game I love the most,” the 32-year-old Maroof said in a statement on Thursday. Maroof, an allrounder, batted left-handed and scored 6,262 runs including 33 half-centuries — three ODI scores in the 90s — and bowled right arm leg break and bagged 80 wickets.
Three cavalry officers who were injured in the incident are all expected to ‘recovery fully and return to duty’
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