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GM boosts outlook after US sales fuel first quarter profits

Published Mon, 11 Nov 2024 14:25:28 GMT

DETROIT (AP) — Strong sales in the U.S. helped General Motors increase its first-quarter net profit 19% over a year ago, leading the company to raise its full-year profit guidance based on expectations demand for its vehicles will remain robust.The Detroit automaker made $2.37 billion from January through March, up from $1.99 billion in the previous year. Excluding a $900 million charge to pay severance packages to about 5,000 white-collar workers who took buyouts during the quarter, GM made $2.21 per share, soundly beating analyst estimates of $1.72, according to FactSet.Revenue for the quarter came in just shy of $40 million, up 11% from a year ago and beating projections for $38.55 billion. The company, after the strong start to the year, raised its pretax profit guidance for 2023 to a range of $11 billion to $13 billion. Previously it was $10.5 billion to $12.5 billion.Shares of General Motors Co. rose more than 3% before the opening bell Tuesday. Chief Financial Officer Paul Ja...

Joe Biden buscará la reelección en 2024: última hora y noticias

Published Mon, 11 Nov 2024 14:25:28 GMT

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Shutterstock: Q1 Earnings Snapshot

Published Mon, 11 Nov 2024 14:25:28 GMT

NEW YORK (AP) — NEW YORK (AP) — Shutterstock Inc. (SSTK) on Tuesday reported first-quarter net income of $32.8 million.On a per-share basis, the New York-based company said it had net income of 90 cents. Earnings, adjusted for one-time gains and costs, came to $1.29 per share.The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.05 per share.The online marketplace for royalty-free images and videos posted revenue of $215.3 million in the period.Shutterstock expects full-year earnings in the range of $4 to $4.10 per share, with revenue in the range of $844 million to $853 million._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SSTK at https://www.zacks.com/ap/SSTKSource

Cambridge: Q1 Earnings Snapshot

Published Mon, 11 Nov 2024 14:25:28 GMT

CAMBRIDGE, Mass. (AP) — CAMBRIDGE, Mass. (AP) — Cambridge Bancorp (CATC) on Tuesday reported first-quarter earnings of $12.4 million.The bank, based in Cambridge, Massachusetts, said it had earnings of $1.58 per share. Earnings, adjusted for non-recurring costs, came to $1.62 per share.The results did not meet Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.94 per share.The bank posted revenue of $62.5 million in the period. Its revenue net of interest expense was $45.1 million, also falling short of Street forecasts. Three analysts surveyed by Zacks expected $49.9 million.Cambridge shares have decreased 26% since the beginning of the year. The stock has declined 29% in the last 12 months._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CATC at https://www.zacks.com/ap/CATCSource

Asbury Automotive: Q1 Earnings Snapshot

Published Mon, 11 Nov 2024 14:25:28 GMT

DULUTH, Ga. (AP) — DULUTH, Ga. (AP) — Asbury Automotive Group Inc. (ABG) on Tuesday reported first-quarter profit of $181.4 million.The Duluth, Georgia-based company said it had net income of $8.37 per share.The results surpassed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $7.94 per share.The auto dealership chain posted revenue of $3.58 billion in the period, which did not meet Street forecasts. Four analysts surveyed by Zacks expected $3.7 billion.Asbury Automotive shares have increased 15% since the beginning of the year. The stock has climbed 29% in the last 12 months._____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/ABGSource

Shots fired during attempted robbery at University of Colorado Boulder

Published Mon, 11 Nov 2024 14:25:28 GMT

Editors note: Originally, CU Police said an armed robbery occurred at Williams Village, but later confirmed it was an attempted robbery BOULDER, Colo. (KDVR) — The University of Colorado Boulder police reported an attempted armed robbery with shots fired near dorms on campus early Tuesday morning. A campus-wide emergency alert was sent out at 3:55 a.m. from CU Police about an armed robbery that took place at CU Williams Village. Williams Village is located east of the main campus at 3300 Baseline Road and is home to undergraduate students. At around 6:30 a.m., officials with CU police said that after an investigation it was an attempted robbery that took place and no one was robbed.According to the alert, two suspects who were dressed in dark clothing allegedly fired shots in the area and then fled in a white Jeep Cherokee towards Baseline Road. CU Boulder police investigating reported sexual assault CU Police said no injuries were reported in the crime. They believe the suspects ...

AI boosts productivity by 14% in real-world study, especially for least-skilled workers

Published Mon, 11 Nov 2024 14:25:28 GMT

(WSVN) — In a recent study on artificial intelligence (AI), workers who utilized AI tools were found to be 14% more productive than those who did not. The study, which was conducted in a real-world setting by researchers at Stanford University and the Massachusetts Institute of Technology, also revealed that the least-skilled workers benefited the most from AI.The findings of this study are significant as more and more companies are planning to integrate AI into their offerings. AI has been touted as a game-changer in the workplace, with its ability to automate repetitive tasks and provide data-driven insights.Researchers analyzed data from a group of customer service workers at a Fortune 500 software firm who were given access to generative AI tools. The AI assistant was trained on a large set of successful customer service conversations to help workers determine the best language to use on customers. They compared their productivity levels with a group of workers who did not...

Humza said what now? 7 things we never thought we’d hear from Scotland’s first minister

Published Mon, 11 Nov 2024 14:25:28 GMT

LONDON — Humza Yousaf hasn’t had the easiest ride as Scotland’s new first minister. And he’ll happily tell you that himself.As Yousaf wondered how he would tackle the already overflowing in-tray that greeted him when he replaced Nicola Sturgeon, his Scottish National Party was rocked by the arrests of senior figures as part of a police probe into the party’s finances.Yousaf has fronted up throughout the crisis, taking questions from journalists in impromptu huddles almost every day and releasing new information about the party’s finances seemingly as soon as he is made aware of it.But while that openness has earned him credit with journalists, not everyone thinks putting himself front-and-center — and delivering some eyebrow-raising lines while he’s at it — is a great idea.“[Yousaf] thinks he has the political skills to smooth things out but with every DING! of his hammer he’s slowly creating a wreck,” Blair McDougall, the former boss ...

UMass Amherst to celebrate campus installation of Berlin Wall segment 

Published Mon, 11 Nov 2024 14:25:28 GMT

UMass Amherst will celebrate the installation of a 12-foot segment of the Berlin Wall painted by famed French artist Thierry Noir on Tuesday afternoon. The event will be held at 2 p.m. on the Memorial Hall patio. Sonja Kreibich, Consul General of Germany to the New England States, will join UMass President Marty Meehan, UMass Amherst Chancellor Kumble Subbaswamy and other campus officials for the celebration, which is the highlight of a week of art exhibitions and film screenings related to the structure’s history, impact and legacy.Donated to the university by the family of Eric Hanson, the wall segment painted by Noir is titled “The Power of Creativity over Concrete.” In the 1980s, Noir, credited with being the first artist to paint the Berlin Wall, risked arrest by East German authorities for illicitly painting on the west side of the wall three meters beyond the western border. Noir ultimately painted nearly six kilome...

New York court rules in favor of the Nationals and against the Orioles in yearslong MASN financial dispute

Published Mon, 11 Nov 2024 14:25:28 GMT

An arbitration committee of Major League Baseball executives was unbiased when it made a decision in a financial dispute between the Orioles and Washington Nationals, New York’s highest court ruled Tuesday.In the decision — a win for the Nationals — the New York Court of Appeals rejected the Orioles’ appeal and their argument that MLB and Commissioner Rob Manfred were biased against them.The Orioles could, in theory, appeal to the U.S. Supreme Court, but it’s unlikely the court would accept the case. The decision Tuesday could pave the way for the Nationals to receive roughly $100 million that the Mid-Atlantic Sports Network placed in escrow in 2019.The teams have disagreed for years as to how much revenue from MASN each team should receive. MASN is co-owned by the clubs, with the Orioles controlling a majority stake.“By affirming the confirmation of the second arbitration award and directing that the money judgment be vacated, we hold the highly ...