Volkswagen has raised its guidance for group revenue this year and is targeting slightly higher profitability after posting higher autos sales in the third quarter. As Hayley platt reports, Europe's largest automaker expects group revenue to match last year's 213 billion euros after predicting in July that revenue would fall by as much as 5 percent this year.
Tesla's surge is putting Big Tech earnings center stage as investors look to megacaps to lift stocks.
The parent of Facebook and Instagram ratcheted up its spending plans as it continues to invest in AI software and services.
Guardians starter Gavin Williams has suffered a setback in his recovery from an elbow injury and will be shut down for at least another week. Williams, who was expected to have a major role for Cleveland this season, hurt his elbow while throwing a weighted ball during spring training in March. Williams pitched three innings in a simulated game on Saturday in Arizona, and afterward told the team he had soreness in the back of his elbow.
Spanish Prime Minister Pedro Sanchez is no stranger to high octane political battles and has successfully fought for his career in public life several times. On Wednesday evening, Sanchez said he would suspend public duties until next week to decide whether he wants to continue leading the government. The shock announcement came after a Spanish court said earlier on Wednesday it was launching a preliminary investigation into whether Sanchez's wife Begona Gomez committed a crime of influence peddling and corruption in business in her private dealings.
Flight attendants at Southwest Airlines have ratified a contract that includes pay raises totaling more than 33% over four years, as airline workers continue to benefit from the industry's recovery since the pandemic. The Transport Workers Union said Wednesday that members of Local 556 approved the contract by a margin of 81% to 19%. The union's board rejected a lower offer last summer, and flight attendants voted against a second proposal in December.
ServiceNow stock fell after the software maker reported Q1 earnings and revenue that topped estimates while guidance came in slightly below views.
ALEXANDRIA, Va., April 24, 2024--Virginia American Water announced today it has closed the acquisition of the drinking water and wastewater system assets of the Town of Cape Charles, Virginia for $15 million. This acquisition brings approximately 1,400 water and wastewater customers to Virginia American Water and is the second to be completed by the company under the Fair Market Value Legislation enacted by the Virginia General Assembly in 2020.
Kansas' Democratic governor on Wednesday vetoed a broad package of tax cuts for the second time in three months, describing it as “too expensive” despite the bipartisan support it enjoyed in the Republican-controlled Legislature. Gov. Laura Kelly and her staff had signalled that she had misgivings about a package of income, sales and property tax cuts worth $1.5 billion over the next three years. The governor also told fellow Democrats that she believes Kansas' current three personal income tax rates ensure that the wealthy pay their fair share.
DALLAS, April 24, 2024 (GLOBE NEWSWIRE) -- P10, Inc. (NYSE: PX), a leading private markets solutions provider, today announced that its affiliated manager, Bonaccord Capital Partners (“Bonaccord”), a private equity business focused on providing growth capital to exceptional mid-market private markets sponsors, has acquired a passive minority equity interest in Lead Edge Capital (“Lead Edge”), a growth equity firm focused on investing in market-leading software, internet, consumer, and tech-enabl
Mark Hutchinson, F&M Treasurer Mark Hutchinson joined F&M Bank as the Treasurer in April, 2024. ARCHBOLD, Ohio, April 24, 2024 (GLOBE NEWSWIRE) -- F&M Bank (“F&M”), an Archbold, Ohio-based bank owned by Farmers & Merchants Bancorp, Inc. (Nasdaq: FMAO) announced that Mark Hutchinson has joined F&M as Treasurer. In this new position, Hutchinson will oversee certain financial operations including budgeting, planning, investing and other financial matters for the Bank. Hutchinson will report to the
Facebook and Instagram parent company Meta said Wednesday its first-quarter profit more than doubled, boosted by higher advertising revenue and a 6% increase on the average price of ads on its platforms.
Norfolk Southern (NSC) shares are falling during Wednesday's trading session after the company reported disappointing first-quarter results, missing analyst expectations on both revenue and adjusted EPS. The railroad freight operator cautions that the collapse of Baltimore's Francis Scott Key Bridge in March could have a substantial financial impact on the company with losses ranging from $25 million to $35 million per month, as supply chains face significant disruptions. Market Domination's Julie Hyman and Josh Lipton break down the details, providing insights into other freight stocks feeling pressure from the bridge collapse. For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This post was written by Angel Smith
Merck is set to announce its first quarter financial results on Thursday, a month after the pharmaceutical company secured the approval of Winrevair, a new medicine that analysts expect to be a blockbuster. The Winrevair approval should help cushion the blow of the expiration of the patents protecting Merck’s blockbuster cancer medicine Keytruda, which poses a substantial threat to the company’s revenues. Merck shares have gained 16% in 2024, outpacing its peers in the which is up roughly 7%, and the broader up about 6%.
DUBLIN, IRELAND, April 24, 2024 (GLOBE NEWSWIRE) -- STERIS plc (NYSE: STE) (“STERIS” or the “Company”) announced today that it will host a conference call to discuss its fiscal 2024 fourth quarter and full year financial results at 9:00 a.m. ET on May 9, 2024. The conference call can be heard live at www.steris-ir.com or via phone by dialing 1-833-535-2199 in the United States or 1-412-902-6776 internationally, then asking to join the conference call for STERIS plc. A press release detailing fin
MINNEAPOLIS, April 24, 2024--Alerus Financial Corporation (Nasdaq: ALRS), or the Company, reported net income of $6.4 million for the first quarter of 2024, or $0.32 per diluted common share, compared to a net loss of $14.8 million, or ($0.73) per diluted common share, for the fourth quarter of 2023, and net income of $8.2 million, or $0.40 per diluted common share, for the first quarter of 2023.
NEW YORK, April 24, 2024--Riskified Ltd. (NYSE: RSKD), a leader in ecommerce fraud and risk intelligence, today announced it will release its first quarter 2024 financial results before the market opens on May 15, 2024. On that day management will host a conference call and webcast at 8:30 a.m. ET to discuss the company's business and financial results.
NEW YORK, April 24, 2024--Jefferies Financial Group Inc. (NYSE: JEF) announced that its Chief Executive Officer, Rich Handler, sold 1.5 million shares of Jefferies stock today at $43.50. The sale was made to facilitate the purchase of a personal boat and to pay tax obligations. For the 34 years since joining Jefferies in 1990, Mr. Handler has received approximately 70% of his compensation in the form of Jefferies shares and, except for tax purposes and charitable donations, has never sold shares
Atlanta, April 24, 2024 (GLOBE NEWSWIRE) -- Piedmont Office Realty Trust (NYSE: PDM) (“Piedmont”), a real estate investment trust (REIT), announced today that its board of directors has declared a regular quarterly cash dividend of $0.125 per share, or $0.50 per share on an annualized basis, for the second quarter of 2024. The dividend will be paid on June 14, 2024 to stockholders of record as of the close of business on May 24, 2024. About Piedmont Office Realty Trust Piedmont Office Realty Tru
Denver, CO, April 24, 2024 (GLOBE NEWSWIRE) -- Intrepid Potash, Inc. (NYSE: IPI) plans to release its first quarter 2024 financial results on Wednesday, May 8, 2024, after the market closes. Intrepid will host a conference call on Thursday, May 9, 2024, at 12:00 p.m. Eastern Time to discuss the results and other operating and financial matters and answer investor questions. Management invites you to listen to the conference call by using the toll-free dial-in number 1 (800) 715-9871 or Internati
“First-to-Fiber” and “Glass & Steel™” Strategies Drive Continued Year-Over-Year Growth in High-Speed Data Subscribers and Network Reach First quarter revenues increased 1% to $186.8 millionTotal high-speed broadband subscribers increased by 12%Broadband homes passed by high-speed data services expanded by 28%Capital expenditures were $36.0 million (net of $13.5 million reimbursements) First Quarter Results Impacted by Delays in Certain US Segment Carrier Services Projects and Lower Domestic Busi
Yahoo Finance