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ByteDance says reports that it plans to sell TikTok are not true [Reuters] TikTok’s Chinese parent company ByteDance says it has no intention of selling the business after the US passed a law to force it to sell the hugely popular video app or be banned in America. “ByteDance doesn’t have any plans to sell […]

By Niklas Pollard STOCKHOLM (Reuters) – Sweden’s SKF, the world’s biggest maker of industrial bearings, reported adjusted first-quarter earnings that topped market expectations in the face of slowing demand and said it expected softer like-for-like sales in the second quarter. The manufacturer, whose bearings are sold into a vast range of products globally, said it […]

Participants Carolyn J. Burke; CFO & Executive VP; PG&E Corporation Jonathan P. Arnold; VP of IR; PG&E Corporation Patricia Kessler Poppe; CEO & Director; PG&E Corporation Carly S. Davenport; Business Analyst; Goldman Sachs Group, Inc., Research Division David Keith Arcaro; Executive Director & Lead Analyst of Utilities; Morgan Stanley, Research Division Gregg Gillander Orrill; Executive […]

Participants Christina Carrabino; IR; CVB Financial Corp David Brager; President, Chief Executive Officer, Director; CVB Financial Corp E. Allen Nicholson; Chief Financial Officer; Executive Vice President and Chief Financial Officer of the Bank; CVB Financial Corp Kelly Motta; Analyst; Keefe, Bruyette & Woods North America David Feaster; Analyst; Raymond James Gary Tenner; Analyst; D.A. Davidson […]

Old Dominion Freight Line, Inc. (NASDAQ:ODFL) Q1 2024 Earnings Call Transcript April 24, 2024 Old Dominion Freight Line, Inc. beats earnings expectations. Reported EPS is $1.34, expectations were $1.33. ODFL isn’t one of the 30 most popular stocks among hedge funds at the end of the third quarter (see the details here). Operator: Good morning, […]

AT&T Inc. (NYSE:T) Q1 2024 Earnings Call Transcript April 24, 2024 AT&T Inc. beats earnings expectations. Reported EPS is $0.55, expectations were $0.53. T isn’t one of the 30 most popular stocks among hedge funds at the end of the third quarter (see the details here). Operator: [Call Starts Abruptly] 2024 Earnings Call. At this […]

A new report from a major aviation industry group is shedding light on just how many problems have been identified in the skies. The Allied Pilots Association (APA), the union that represents American Airlines pilots, recently published a document revealing that they have been “tracking a significant spike in safety- and maintenance-related problems in our […]

People at a public meeting organised by Danish shipping company DFDS said they wanted to see a reliable ferry service in the Channel Islands. The company said it was interested in bidding for the contract to run ferries to and from the Channel Islands. Earlier this year the governments of Guernsey and Jersey announced it […]

Canada’s Deputy Prime Minister Chrystia Freeland was among the 1,700 delegates attending the two-day First Nations Major Projects Coalition (FNMPC) conference that concluded Tuesday in Toronto. Freeland, who is also the minister of Finance, took part in the “Ministerial Panel On Indigenous Loan Guarantees And Economic Growth” on that final day, April 23. Freeland touted […]

Participants Jeff Haas; Investor Relations; Preferred Bank Yu Li; Chairman of the Board, Chief Executive Officer; Preferred Bank Edward Czajka; Executive Vice President and Chief Financial Officer; Preferred Bank Wellington Chen; President and Chief Operating Officer; Preferred Bank Matthew Clark; Analyst; Piper Sandler Companies Andrew Terrell; Analyst; Stephens Inc. David Feaster; Analyst; Raymond James Presentation […]

BEIJING (AP) — As auto giant Volkswagen AG races to catch up with upstart Chinese competitors, it has drivers like 26-year-old Ren Yiling in mind. She is young and wants to play video games in her car. The digital features of her Zeekr 001, a European-designed electric car from China’s Geely Holding Group, appeal to […]

Former President Donald Trump’s first criminal trial got underway Monday with opening arguments and the first witness testimony in a Manhattan courtroom. Prosecutors said that shortly before the 2016 election Trump ordered “hush money” payments to a porn star who claimed she had an affair with him years earlier, then tried to cover up the […]

By Heekyong Yang SEOUL (Reuters) – LG Energy Solution said on Wednesday it would launch a new business model of licensing out its battery technologies next month, as infringements of the South Korean company’s patents surge with competition to supply electric vehicle makers. LGES, the world’s second-largest EV battery producer after China’s CATL, will also […]

MILAN (Reuters) – Italian luxury group Ermenegildo Zegna posted on Tuesday a 5.3% drop in first quarter organic revenues – which exclude Tom Ford Fashion – mainly due to the Thom Browne brand’s declining sales. The Italian family-owned group said the 35% fall in Thom Browne’s sales was driven by lower-than-expected revenues in the Greater […]

What happened A Volkswagen auto plant in Chattanooga, Tennessee, voted to join the United Auto Workers union, giving the UAW its first modern toehold in the “right to work” South and its first successful unionization at a foreign-owned automaker in the region. The lopsided 2,628-985 vote followed narrow UAW losses at the factory in 2014 […]

* Corporate results and US PCE inflation the week’s focus * Brent down 0.8%, gold off 2% * FTSE 100 up 1.7%, STOXX 0.5%, S&P 500 futures up 0.6% (Updates at 1200 GMT) By Kevin Buckland and Alun John TOKYO/LONDON, April 22 (Reuters) – World stocks recovered some losses on Monday and gold fell by […]

By Foo Yun Chee BRUSSELS, April 22 (Reuters) – Broadcom’s critics on Monday rejected the U.S. chipmaker’s changes to its cloud licensing practices, saying they do not address their complaints about alleged price hikes, unfair software licensing terms and tying products together. Last week Broadcom Chief Executive Hock Tan in a blogpost announced a raft […]

Tesla has slashed the price of its line-up around the world amid what The Guardian called an “intensifying war” for electric vehicles (EVs). The company announced reduced price tags for the best-selling Model Y, and the older Model X and Model S in the US market on Friday. This was followed by a “swathe of […]

Troubled Thames Water has put forward new plans to boost spending and investment in its network, but warned this could see customer bills surge by 44%. The group, which is battling to survive amid a funding crisis, has proposed increasing spending by £1.1 billion and revealed another potential £1.9 billion investment in its network as […]

(Recasts, adds comments, background) By Stefano Rebaudo April 22 (Reuters) – The euro area benchmark Bund yield hit a new 5-month high on Monday as fears of an escalation in the Middle East conflict receded and investors shifted their focus to inflation risks and the European Central Bank (ECB) monetary policy path. Investors remained cautious […]

TikTok says a potential ban on its app in the US would “trample the free speech” of 170 million Americans. The US House of Representatives voted on Saturday to ban TikTok if the app’s owner does not cut its ties with China. The legislation was part of a US foreign policy package that included aid […]

Some Nvidia employees are considered to be millionaires.SOPA Images An Nvidia engineer spoke to BI about salaries at the chipmaker. The West Coast-based worker has a $250,000 base and gets half that amount again in stock annually. He said the reality was “not as rosy” as it seems, given high taxes and the cost of […]

Osaka Wayne Studios/Getty Images The government’s soaring debt balance poses problems for the US economy. Those include higher inflation, greater market volatility, and a lower quality of life for Americans. Slowing the pace of borrowing is critical for the future, economists told Business Insider. The US is sitting on the biggest pile of public debt […]

This article will discuss the 15 Best Everyday Colognes in 2024. You can skip our detailed analysis of the global perfume industry and key players in the perfume industry and go directly to the 5 Best Everyday Colognes in 2024.  According to the most recent data by Technavio, the size of the US perfume market […]

Earth Day is right around the corner — Monday, April 22 — along with earnings for major recycling service companies like Waste Management (WM) and Republic Services (RSG). What can be learned from these companies as well as how much of an opportunity is there in sustainability? PA Consulting Sustainability & Regenerative Economy Expert Tony […]