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Shift Tech: Q4 Earnings Snapshot

Published Wed, 05 Mar 2025 02:11:23 GMT

SAN FRANCISCO (AP) — SAN FRANCISCO (AP) — Shift Technologies, Inc. (SFT) on Tuesday reported fourth-quarter earnings of $13 million.The San Francisco-based company said it had profit of $1.25 per share. Losses, adjusted for non-recurring gains, came to $3.65 per share.The results topped Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of $5.07 per share.The company posted revenue of $65.6 million in the period, which did not meet Street forecasts. Three analysts surveyed by Zacks expected $81.3 million.For the year, the company reported a loss of $172 million, or $19.91 per share. Revenue was reported as $670.8 million.For the current quarter ending in March, Shift Tech said it expects revenue in the range of $56 million to $58 million._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SFT at https://www...

Lululemon: Fiscal Q4 Earnings Snapshot

Published Wed, 05 Mar 2025 02:11:23 GMT

VANCOUVER, British Columbia (AP) — VANCOUVER, British Columbia (AP) — Lululemon Athletica Inc. (LULU) on Tuesday reported fiscal fourth-quarter net income of $119.8 million.The Vancouver, British Columbia-based company said it had net income of 94 cents per share. Earnings, adjusted for non-recurring costs, were $4.40 per share.The results topped Wall Street expectations. The average estimate of 15 analysts surveyed by Zacks Investment Research was for earnings of $4.25 per share.The athletic apparel maker posted revenue of $2.77 billion in the period, also topping Street forecasts. Thirteen analysts surveyed by Zacks expected $2.69 billion.For the year, the company reported profit of $854.8 million, or $6.68 per share. Revenue was reported as $8.11 billion.For the current quarter ending in April, Lululemon said it expects revenue in the range of $1.89 billion to $1.93 billion. Analysts surveyed by Zacks had expected revenue of $1.73 billion.The company expects full-year earnings to...

FTX founder Bankman-Fried charged with paying $40M bribe

Published Wed, 05 Mar 2025 02:11:23 GMT

NEW YORK (AP) — FTX founder Sam Bankman-Fried was charged with directing $40 million in bribes to one or more Chinese officials to unfreeze assets relating to his cryptocurrency business in a newly rewritten indictment unsealed Tuesday.The charge of conspiracy to violate the anti-bribery provisions of the Foreign Corrupt Practices Act raises to 13 the number of charges Bankman-Fried faces after he was arrested in the Bahamas in December and brought to the United States soon afterward. The indictment was returned on Monday.The charge also contains language revealing that a fifth arrest was imminent in what U.S. Attorney Damian Williams has repeatedly described as a continuing investigation. That unidentified individual, according to the indictment, participated in the bribery conspiracy with Bankman-Fried and “will be arrested in the Southern District of New York.”FTX filed for bankruptcy on Nov. 11, when it ran out of money after the equivalent of a bank run on the global cryp...

AP sources: No more action from Trump grand jury this week

Published Wed, 05 Mar 2025 02:11:23 GMT

NEW YORK (AP) — The Manhattan grand jury that has been hearing testimony about hush money paid on Donald Trump’s behalf will not take up that inquiry again this week, further delaying a potential vote on an indictment until next week at the earliest, according to two people familiar with the matter.It was not immediately clear why the panel, which did meet on Monday, would not be taking up the Trump investigation on Wednesday or Thursday. The grand jury has been meeting regularly on Monday and Wednesday afternoons, but did not hold last Wednesday’s session and met last Thursday for other unrelated matters. They returned to Trump on Monday, but only for a short time to hear from one witness. Trump himself has ratcheted up anticipation that an indictment could be near by posting on his social media platform that he expected to be arrested imminently. His representatives later said that they had not received any such indication on timing from Manhattan prosecutors. The Manhattan distri...

Los 24 minutos del horror: paso a paso, cómo fue el tiroteo en la escuela de Nashville

Published Wed, 05 Mar 2025 02:11:23 GMT

NASHVILLE, Tennessee – La policía difundió en la noche del lunes dos minutos de un video de seguridad que muestra a la persona que atacó la escuela en Nashville, mientras llega manejando un vehículo desde varios ángulos, incluyendo uno en el que se ve a niños jugando en hamacas.Luego, una vista desde el interior, muestran los vidrios de las puertas mientras son baleados y a la persona que atraviesa una de las puertas baleadas., según reporta NBC Chicago.La policía recibió la llamada inicial a las 10:03 am. Tiroteo en escuela de Nashville deja 6 muertos; abaten al atacante Atacante de escuela en Nashville compró siete armas antes de la masacre, según la policía Más imágenes de video desde adentro muestran a la persona caminando en un pasillo de la escuela sosteniendo un arma con un gran cargador, mientras ingresa a una oficina, y después se ve que sale.En el final del video, la persona es vista mientras camina por otro pasill...

Auburn’s top ’22 hoops signee, Traore, plans to transfer

Published Wed, 05 Mar 2025 02:11:23 GMT

AUBURN, Ala. (AP) — Auburn’s top signee from last year, center Yohan Traore, plans to transfer.The five-star recruit from France, who played a limited role as a freshman, announced his plans in an Instagram post on Tuesday.The 6-foot-10 Traore initially committed to LSU but landed at Auburn after the firing of coach Will Wade a little more than a year ago. He was rated the No. 24 overall recruit and No. 5 center according to the 247Sports composite rankings. Traore averaged 2.1 points and 1.4 rebounds after arriving from Dream City Christian School in Arizona. Traore was a member of the U15 and U16 French National Team.He played nine minutes in Auburn’s opening NCAA Tournament game against Iowa. Traore failed to score and didn’t play in the s econd-round loss to Houston.___AP March Madness coverage: https://apnews.com/hub/march-madness and bracket: https://apnews.com/hub/ncaa-mens-bracket and https://apnews.com/hub/ap-top-25-college-basketball-poll and https://twit...

Alibaba to split itself into 6 business groups

Published Wed, 05 Mar 2025 02:11:23 GMT

NEW YORK (AP) — Alibaba is splitting itself into into six business groups as the Chinese e-commerce company attempts to become more nimble in reacting to changes in the market and increase the value of those units. U.S.-listed shares of Alibaba Group Holding Ltd. jumped 14% to close at $98.40.Alibaba Group said in a regulatory filing Tuesday that the six new groups will be made up of the Cloud Intelligence Group, Taobao Tmall Business Group, Local Services Group, Global Digital Business Group, Cainiao Smart Logistics and Digital Media and Entertainment Group.The company said that each group will be able to raise outside capital and potentially seek its own initial public offering, except for Taobao Tmall Business Group, which will stay wholly-owned by Alibaba. Each group will be independently managed by its own CEO and board of directors. The Cloud Intelligence Group includes cloud, AI and DingTalk. The Taobao Tmall Business Group includes Taobao, Tmall, Taobao Deals, Taocaicai and ...

Icad: Q4 Earnings Snapshot

Published Wed, 05 Mar 2025 02:11:23 GMT

NASHUA, N.H. (AP) — NASHUA, N.H. (AP) — Icad inc. (ICAD) on Tuesday reported a loss of $3.1 million in its fourth quarter.The Nashua, New Hampshire-based company said it had a loss of 12 cents per share.The imaging and early cancer detection company posted revenue of $6.5 million in the period.For the year, the company reported a loss of $13.7 million, or 54 cents per share. Revenue was reported as $27.9 million._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ICAD at https://www.zacks.com/ap/ICADSource

Terry says he always felt confident he’d earn Texas job

Published Wed, 05 Mar 2025 02:11:23 GMT

AUSTIN, Texas (AP) — Rodney Terry held Texas together in crisis. Then he took the Longhorns on their deepest NCAA Tournament run in 15 years.His reward: Texas removed the “interim” tag from his title and made him the full-time head coach.“I felt confident the whole time to be honest with you,” Terry said Tuesday at his news conference, where the former assistant was introduced as head coach. “I’d prepared my whole life for this opportunity.”Not everyone was so calm about it. As the season wore on and Texas advanced deeper in the NCAA Tournament, the university’s wait-and-see approach became one of the biggest stories of the postseason as fans and players, past and present, wondered what more did he have to prove?For some, March Madness was being mad at Texas for being slow on the decision.Texas finally announced Monday — about 24 hours after the Longhorns’ season ended in the Elite Eight — that Terry was indeed the new head coach.“You had a very long job inte...

EPA cites 2 oil and gas firms over Permian Basin pollution

Published Wed, 05 Mar 2025 02:11:23 GMT

WASHINGTON (AP) — Two Texas companies have resolved Clean Air Act violations with the Environmental Protection Agency by agreeing to reduce emissions of planet-warming methane and other harmful pollutants wafting from the nation’s largest oil and gas producing region.EPA announced Monday that Matador Production Company has agreed to pay $6.2 million in fines and mitigation measures related to 239 oil and gas well pads in New Mexico. Permian Resources Operating agreed earlier this month to pay $610,000 and make improvements to its equipment to settle environmental violations.The enforcement actions came after EPA flew a helicopter equipped with a special infrared camera that can detect emissions of hydrocarbon vapors that are invisible to the naked eye.EPA announced a new round of overflights in August, four days after publication of an investigation by The Associated Press that showed 533 oil and gas facilities in the region are emitting excessive amounts of methane and named ...