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Graphic Packaging: Q1 Earnings Snapshot

Published Mon, 23 Dec 2024 14:51:37 GMT

ATLANTA (AP) — ATLANTA (AP) — Graphic Packaging Holding Co. (GPK) on Tuesday reported first-quarter net income of $207 million.The Atlanta-based company said it had profit of 67 cents per share. Earnings, adjusted for amortization costs and non-recurring costs, were 77 cents per share.The results topped Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 62 cents per share.The packaging company posted revenue of $2.44 billion in the period, also surpassing Street forecasts. Five analysts surveyed by Zacks expected $2.39 billion.Graphic Packaging expects full-year earnings in the range of $2.70 to $3.10 per share, with revenue expected to be $10 billion._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on GPK at https://www.zacks.com/ap/GPKSource

Más alto que la Torre Eiffel: India construye el puente ferroviario más alto del mundo en Cachemira

Published Mon, 23 Dec 2024 14:51:37 GMT

(CNN) — India tiene ahora el puente ferroviario más alto del mundo, unos 35 metros más alto que la Torre Eiffel. Se trata del puente Chenab, que está a 359 metros sobre el río Chenab en la controvertida región de Jammu y Cachemira en la India.Después de décadas de construcción, el puente en el norte de la India estará abierto a los visitantes a fines de diciembre de 2023 o enero de 2024, dijo el Ministerio de Ferrocarriles en un comunicado en marzo.El puente de 1.315 metros de largo es parte de un proyecto más amplio para hacer que el valle de Cachemira sea accesible a través de la red ferroviaria india. Además del puente Chenab, el proyecto del enlace ferroviario Udhampur-Srinagar-Baramulla (USBRL) incluye lo que se convertirá en el túnel de transporte más largo del país y el primer puente de cable de Indian Railways.Para el primer ministro de la India, Narendra Modi, quien llegó al poder en 2014 con una promesa de nacionalismo y de grandeza futura, las inversiones en infraes...

Giant opening new distribution facility near Manassas; company pledges same-day delivery throughout region

Published Mon, 23 Dec 2024 14:51:37 GMT

Giant will open its grocery delivery facility outside Manassas next week. (Courtesy InsideNoVa)This article was written by WTOP’s news partner InsideNoVa.com and republished with permission. Sign up for InsideNoVa.com’s free email subscription today.Giant is gearing up to ship grocery orders all over Northern Virginia.The supermarket chain’s new 80,000-square-foot distribution center just outside the Manassas city limits is preparing for its grand opening next week, at which point it will start shipping grocery deliveries to homes throughout the region.The distribution facility — the latest to open in the Cushing Road light industrial complex opened by Matan in 2021 — soon will have about 200 people working in it, according to a company spokesperson, and it will make about 10,000 grocery deliveries per week.“The reason [for opening the center] is to have same-day delivery for Virginia customers so they can order their groceries within three hours, and have beer and wine available, w...

Logitech: Fiscal Q4 Earnings Snapshot

Published Mon, 23 Dec 2024 14:51:37 GMT

LAUSANNE, Switzerland (AP) — LAUSANNE, Switzerland (AP) — Logitech International SA (LOGI) on Monday reported fiscal fourth-quarter profit of $41.5 million.On a per-share basis, the Lausanne, Switzerland-based company said it had net income of 26 cents. Earnings, adjusted for one-time gains and costs, were 50 cents per share.The results surpassed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 42 cents per share.The maker of keyboards, webcams and other computer accessories posted revenue of $960.1 million in the period, also beating Street forecasts. Four analysts surveyed by Zacks expected $895.1 million._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on LOGI at https://www.zacks.com/ap/LOGISource

Enterprise Products: Q1 Earnings Snapshot

Published Mon, 23 Dec 2024 14:51:37 GMT

HOUSTON (AP) — HOUSTON (AP) — Enterprise Products Partners L.P. (EPD) on Tuesday reported first-quarter profit of $1.39 billion.On a per-share basis, the Houston-based company said it had profit of 63 cents. Earnings, adjusted for asset impairment costs, were 64 cents per share.The results beat Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 62 cents per share.The provider of midstream energy services posted revenue of $12.44 billion in the period, falling short of Street forecasts. Three analysts surveyed by Zacks expected $14.06 billion._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on EPD at https://www.zacks.com/ap/EPDSource

Lyft’s new CEO tackles a job requiring some heavy lifting

Published Mon, 23 Dec 2024 14:51:37 GMT

SAN FRANCISCO (AP) — Even before he joined Lyft’s board in 2021, David Risher had taken hundreds of trips as a passenger so he felt like he knew a lot about the ride-hailing service. But he never expected to be thrust into the driver’s seat at a time when Lyft was running like a jalopy. “I really was gobsmacked,” Risher said during an interview with The Associated Press as he recalled being recently asked to replace Lyft co-founder Logan Green as CEO.Risher quickly shook off his initial shock and is now making an effort to reverse the San Francisco company’s mounting losses and sagging stock price. Just days after taking over as CEO, Risher came up with a restructuring plan that includes laying off nearly 1,100 employees whose job losses could help him attain stock price incentives potentially worth nearly $1 billion.Like any mass layoff, the payroll purge will uproot the lives of those suddenly out of a job while sowing uncertainty among Lyft’s remaining 3,0...

Gartner: Q1 Earnings Snapshot

Published Mon, 23 Dec 2024 14:51:37 GMT

STAMFORD, Conn. (AP) — STAMFORD, Conn. (AP) — Gartner Inc. (IT) on Tuesday reported first-quarter earnings of $295.8 million.On a per-share basis, the Stamford, Connecticut-based company said it had profit of $3.68. Earnings, adjusted for non-recurring gains, were $2.88 per share.The results exceeded Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $2.04 per share.The technology information and analysis company posted revenue of $1.41 billion in the period._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on IT at https://www.zacks.com/ap/ITSource

Denver weather: Scattered showers, above-average temperatures

Published Mon, 23 Dec 2024 14:51:37 GMT

DENVER (KDVR) — Temperatures will be back in the 70s Tuesday afternoon with some pop-up showers in the mountains and an isolated shower along the Front Range in the Denver weather forecast.Weather today: Warm with a showerSunshine will be across the metro Tuesday with extra clouds over the higher elevations. Pinpoint Weather: Daily forecast on May 2.Scattered showers are possible in the high country with an isolated shower in the evening for the Front Range. Winds will become brisk in the afternoon. Floods reported along I-70 near Hanging Lake exit Pinpoint Weather: Brisk winds on May 2.Weather tonight: Partly cloudy, mildClouds stick around Tuesday night with comfortable lows in the upper 40s. Winds will be light overnight with slow clearing into Wednesday morning.Pinpoint Weather: Overnight forecast on May 2. Looking ahead: Isolated shower, storm chancesWednesday is the warmest day of the week with highs reaching the upper 70s in Denver. We'll see partly cloudy skies with a smal...

Father, son rescued by Manatee County Sheriff’s marine deputies off the coast of Anna Maria Island

Published Mon, 23 Dec 2024 14:51:37 GMT

ANNA MARIA ISLAND, Fla. (WSVN) — A father and his son were swept away by a rip current while swimming off the coast of Anna Maria Island on Monday afternoon, leading to a dramatic rescue by nearby deputies.The pair found themselves struggling in the middle of the ocean, 100 yards offshore, when Manatee County Sheriff’s marine deputies spotted them in distress. The deputies quickly sprang into action, hoisting the father and son onto their boat.As crews pulled them up, the little boy called out for his father, and moments later, the father was also safely rescued. The deputies explained that the pair seemed to be unaware of how common rip currents are in the area.The father and son expressed their gratitude to the deputies, despite the language barrier. “Thank you, guys, have a good day sir,” the father said. “Be careful over here, OK!” responded a deputy.Experts are reminding people that if they get caught in a rip current, it is best not to fight it an...

Homebuyers With Good Credit Forced To Subsidize Others’ High-Risk Mortgages

Published Mon, 23 Dec 2024 14:51:37 GMT

The Federal Housing Finance Agency (FHFA) has updated the loan fee structure of mortgages leading to cries of unfair fees imposed on borrowers with excellent credit scores to subsidize the ones with lower credit scores. The revised fees will take effect beginning May 1st, 2023.The Single-Family Pricing Framework Updated by FHFAFHFA Director Sandra Thompson, a Biden appointee, is focused on ” facilitating equitable and sustainable access to homeownership.” Low cash flow, high debt-to-income (DTI) ratios, and lack of liquid assets are the top three factors preventing Americans with low FICO scores from buying homes.DTI ratio is calculated by dividing the homebuyer’s monthly debt payments by their gross income and is used by lenders to determine loan eligibility.The FHFA revamped and adjusted the upfront fee matrices for purchase, rate-term refinance, and cash-out refinance loans to ensure that borrowers with lower income or net worth can still afford single-family ho...