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Sunstone Hotel: Q2 Earnings Snapshot

Published Wed, 12 Feb 2025 14:17:36 GMT

ALISO VIEJO, Calif. (AP) — ALISO VIEJO, Calif. (AP) — Sunstone Hotel Investors Inc. (SHO) on Friday reported a key measure of profitability in its second quarter. The results topped Wall Street expectations.The real estate investment trust, based in Aliso Viejo, California, said it had funds from operations of $67.4 million, or 33 cents per share, in the period.The average estimate of six analysts surveyed by Zacks Investment Research was for funds from operations of 31 cents per share.Funds from operations is a closely watched measure in the REIT industry. It takes net income and adds back items such as depreciation and amortization.The company said it had net income of $39.3 million, or 19 cents per share.The hotel real estate investment trust, based in Aliso Viejo, California, posted revenue of $276.1 million in the period, also surpassing Street forecasts. Six analysts surveyed by Zacks expected $274.6 million.For the current quarter ending in September, Sunstone Hotel expects i...

TDS: Q2 Earnings Snapshot

Published Wed, 12 Feb 2025 14:17:36 GMT

CHICAGO (AP) — CHICAGO (AP) — Telephone & Data Systems Inc. (TDS) on Friday reported a loss of $2 million in its second quarter.The Chicago-based company said it had a loss of 17 cents per share.The results did not meet Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 4 cents per share.The parent of U.S. Cellular and TDS Telecom posted revenue of $1.27 billion in the period, which also missed Street forecasts. Four analysts surveyed by Zacks expected $1.31 billion._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on TDS at https://www.zacks.com/ap/TDSSource

Twist Bioscience: Fiscal Q3 Earnings Snapshot

Published Wed, 12 Feb 2025 14:17:36 GMT

SOUTH SAN FRANCISCO, Calif. (AP) — SOUTH SAN FRANCISCO, Calif. (AP) — Twist Bioscience Corp. (TWST) on Friday reported a loss of $57.4 million in its fiscal third quarter.The South San Francisco, California-based company said it had a loss of $1.01 per share.The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of $1.14 per share.The maker of synthetic DNA for the biotechnology industry posted revenue of $63.7 million in the period, which also topped Street forecasts. Four analysts surveyed by Zacks expected $60.7 million.For the current quarter ending in September, Twist Bioscience said it expects revenue in the range of $63 million to $64 million.The company expects full-year revenue in the range of $241 million to $242 million._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on TWST at http...

Chelsea signs defender Axel Disasi from Monaco

Published Wed, 12 Feb 2025 14:17:36 GMT

LONDON (AP) — Chelsea signed France defender Axel Disasi from Monaco on Friday, the clubs announced.The 25-year-old Disasi signed a six-year contract with the Premier League club, which was in the market for a center-back after Wesley Fofana underwent ACL surgery.Disasi made his international debut with France at last year’s World Cup in Qatar.“I am really proud to be able to be a part of this great family, and I hope to achieve very big things here. To win titles,” he said in the club’s announcement. “I will do everything I can to achieve those objectives. I am very ambitious.”Disasi made 129 appearances and scored 12 goals for Monaco after moving from Reims in 2020.British and French media reported that the transfer fee was 45 million euros ($49 million).Chelsea opens its Premier League season on Aug. 13 when it hosts Liverpool.___AP soccer: https://apnews.com/hub/SoccerSource

Oil prices are up 20% and energy stocks are rebounding

Published Wed, 12 Feb 2025 14:17:36 GMT

High gas prices at fuel pump(Getty Images/iStockphoto/CRobertson) High gas prices at fuel pump(Getty Images/iStockphoto/CRobertson) New York (CNN) — Energy stocks are making a comeback after being left for dead earlier this year.The S&P 500 index’s energy sector has gained more than 6% during the third quarter so far, outperforming the benchmark index. Energy stocks faltered in the beginning of the year, defying investors’ expectations for last year’s boom to accelerate on a lack of global supply.That drop in energy stocks came despite OPEC+ producers, the cartel of oil producing countries plus Russia, announcing several output cuts in a bid to bump up crude prices. But energy stocks have finally started...

‘The Goon Squad’: How rogue Mississippi officers tried to cover up their torture of 2 Black men

Published Wed, 12 Feb 2025 14:17:36 GMT

JACKSON, Miss. (AP) — Men who had sworn an oath to protect and serve were huddled on the back porch of a Mississippi home as Michael Corey Jenkins lay on the ground, blood gushing from his mutilated tongue where one of the police officers shoved a gun in his mouth and pulled the trigger.The roughly 90-minute period of terror preceding the shooting began late on Jan. 24 after a white neighbor called Rankin County Deputy Brett McAlpin and complained that two Black men were staying with a white woman inside a Braxton home. McAlpin tipped off Deputy Christian Dedmon, who texted a group of white deputies who called themselves “The Goon Squad,” a moniker they adopted because of their willingness to use excessive force. “Are y’all available for a mission?” Dedmon asked. They were. A little more than six months after the racist attack on Jenkins and his friend Eddie Terrell Parker, who are Black, six former officers pleaded guilty on Thursday.The officers included Christian Dedmon, Hu...

New cannabis consumption bus debuts in Denver

Published Wed, 12 Feb 2025 14:17:36 GMT

DENVER (KDVR) — Friday evening, a first-of-its-kind cannabis consumption bus will debut in Denver. The Canna Cabanabus will be open for business at the Santa Fe Art District's First Friday event."We're serving public events and private events," Alisha Gallegos, the owner of Canna Cabanabus, said.Gallegos said the business model is for people to have a legal place to consume marijuana in public spaces along with outside concert venues or wedding receptions. A $10 fee at Friday night's art walk will give consumers the opportunity to bring their own marijuana onto the bus to consume. Gallegos said the bus will also be at A Taste of Colorado on Sunday. Denver minimum wage rises to $18.29 in 2024, one of nation’s highest Gallegos said her business idea came together through Denver's marijuana social equity program. The bus has blacked-out windows and is outfitted with a carbon filtration system, a medical-grade air purifier by the driver's seat, along with a double barrier."Everything ...

You can voice your thoughts on prescription drug prices in this meeting

Published Wed, 12 Feb 2025 14:17:36 GMT

DENVER (KDVR) — The Colorado Prescription Drug Affordability Review Board is set to meet Friday morning to review high costing drugs and potentially set payment limits.The five-member board is tasked with reviewing prescription drugs to determine whether they are unaffordable and to evaluate their impacts on Coloradans. They can recommend ways to address the costs and may set an upper payment limit for certain drugs.The board also has a 15-member advisory council that provides stakeholder input on prescription drug affordability to ensure they are informed. New cannabis consumption bus debuts in Denver During Friday's virtual meeting, there will be time for public comment where citizens can speak on whichever drug they are struggling to pay for. If a drug is found unaffordable, the board may set a payment limit.Any decisions made on Friday can be appealed within 60 days after the meeting.The meeting will take place on Zoom at 10 a.m., and there is still time to sign up and give pu...

Miami-Dade Police seek public’s assistance in identifying suspect involved in $50,000 cargo theft

Published Wed, 12 Feb 2025 14:17:36 GMT

The Miami-Dade Police Department’s Organized Crime Bureau, Cargo Theft Squad, is reaching out to the public for assistance in identifying a suspect involved in a daring cargo theft incident that occurred on Sunday, May 28, 2023.According to investigators, on that day, a delivery truck was carrying out its routine route, making deliveries as scheduled. During one of its stops, the driver momentarily left the vehicle to deliver a package when an unknown subject entered the truck and drove away. The auto thief fled the scene with the valuable cargo still on board.The stolen truck was later located through GPS technology at the intersection of Southwest 104th Place and Southwest 14th Street. Although the truck was recovered, the cargo, valued at an estimated $49,000 to $50,000, was missing. Miami-Dade Police Department’s Economic Crimes Detective R. Siverio is leading the investigation and seeking the identity of the pictured suspect involved in this cargo-related auto theft...

TikTok to face European privacy fine by September

Published Wed, 12 Feb 2025 14:17:36 GMT

TikTok is set to face a privacy fine by early September for its handling of teenagers’ and children’s data, according to three people with knowledge of the matter.Europe’s network of national privacy regulators, the European Data Protection Board (EDPB), on Wednesday resolved disagreements among agencies in an investigation into the popular video-sharing platform used by 125 million people in the bloc. Their decision kicks off a process giving TikTok’s lead privacy regulator in the EU, the Irish Data Protection Commission, a month to issue the final penalty and any potential measures. The size and details of the fine are unknown. The Irish data authority in 2021 started probing whether TikTok was respecting children’s privacy under the requirements of the EU’s landmark privacy rulebook, the General Data Protection Regulation (GDPR). The Irish regulator wanted to check whether the Chinese-owned app ensured its default settings sufficiently ...