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ABB: Q1 Earnings Snapshot

Published Mon, 24 Feb 2025 16:18:14 GMT

ZURICH (AP) — ZURICH (AP) — ABB Ltd. (ABB) on Tuesday reported first-quarter earnings of $1.04 billion.The Zurich-based company said it had net income of 55 cents per share. Earnings, adjusted to account for discontinued operations, were 56 cents per share.The results topped Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 40 cents per share.The industrial automation company posted revenue of $7.86 billion in the period, which also topped Street forecasts. Three analysts surveyed by Zacks expected $7.39 billion.ABB shares have increased 17% since the beginning of the year._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ABB at https://www.zacks.com/ap/ABBSource

ANÁLISIS | Biden y Trump estarán en la carrera por la presidencia de 2024, y cada uno hará una campaña histórica para la reelección

Published Mon, 24 Feb 2025 16:18:14 GMT

(CNN) — Se espera que el presidente de Estados Unidos Joe Biden lance una campaña de reelección como ninguna antes este martes con un llamado a los estadounidenses para que lo elijan nuevamente para salvar la democracia. Esto ocurre menos de tres años después de que se suponía que su derrota de Donald Trump restauraría la normalidad y uniría al país.La búsqueda de Biden para un segundo mandato se desarrollará en medio de lo que normalmente serían circunstancias profundamente poco prometedoras, con su índice de aprobación languideciendo por debajo del 40% en las encuestas, con el país agotado por sucesivas crisis después de que el aislamiento pandémico cediera a una batalla contra la inflación galopante. Las encuestas muestran que la mayoría de los votantes, e incluso la mayoría de los demócratas, no quieren que vuelva a presentarse. Y lo último que parece querer el país es una revancha de Biden con el presidente número 45, quien es el actual favorito en la incipiente carrera p...

UBS: Q1 Earnings Snapshot

Published Mon, 24 Feb 2025 16:18:14 GMT

ZURICH (AP) — ZURICH (AP) — UBS AG (UBS) on Tuesday reported net income of $1.03 billion in its first quarter.The Zurich-based bank said it had earnings of 32 cents per share.The bank posted revenue of $12.56 billion in the period. Its revenue net of interest expense was $8.74 billion, exceeding Street forecasts._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on UBS at https://www.zacks.com/ap/UBSSource

Novartis: Q1 Earnings Snapshot

Published Mon, 24 Feb 2025 16:18:14 GMT

BASEL, Switzerland (AP) — BASEL, Switzerland (AP) — Novartis AG (NVS) on Tuesday reported first-quarter profit of $2.29 billion.On a per-share basis, the Basel, Switzerland-based company said it had net income of $1.08. Earnings, adjusted for non-recurring costs, were $1.71 per share.The results topped Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1.55 per share.The drugmaker posted revenue of $12.95 billion in the period, which also beat Street forecasts. Three analysts surveyed by Zacks expected $12.52 billion._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on NVS at https://www.zacks.com/ap/NVSSource

Controladora Vuela: Q1 Earnings Snapshot

Published Mon, 24 Feb 2025 16:18:14 GMT

SANTA FE, Mexico (AP) — SANTA FE, Mexico (AP) — Controladora Vuela Compania de Aviacion SAB. de CV (VLRS) on Monday reported a loss of $71 million in its first quarter.The Santa Fe, Mexico-based company said it had a loss of 61 cents per share.The operator of low-cost airline Volaris posted revenue of $731 million 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 VLRS at https://www.zacks.com/ap/VLRSSource

DC United defender Mohanad Jeahze suspended after arrest in Sweden

Published Mon, 24 Feb 2025 16:18:14 GMT

Toronto FC midfielder Federico Bernardeschi, right, controls the ball past D.C. United defender Mohanad Jeahze, left, during the first half of an MLS soccer match Saturday, Feb. 25, 2023, in Washington. (AP Photo/Nick Wass)D.C. United and Major League Soccer have suspended defender Mohanad Jeahze after his arrest in Sweden on two charges of assault over the weekend.In a statement, club officials said that Jeahze, 26, was arrested during an “approved leave” from the club. He had been out of the lineup recovering from a quadriceps injury.The Iraqi international, who is a native of Sweden, will remain suspended pending an investigation by MLS and Swedish authorities, United said in a statement.“D.C. United will remain in close contact with Major League Soccer, the MLS Players Association and Swedish authorities during the investigation,” the statement said.Jeahze was arrested Saturday after the second of the alleged assaults, both of which took place in Stockhol...

Biden announces 2024 reelection bid: 'Let’s finish this job'

Published Mon, 24 Feb 2025 16:18:14 GMT

WASHINGTON (AP) — President Joe Biden on Tuesday formally announced that he is running for reelection in 2024, asking voters to give him more time to “finish the job” he began when he was sworn into office and to set aside their concerns about extending the run of America’s oldest president for another four years.Biden, who would be 86 at the end of a second term, is betting his first-term legislative achievements and more than 50 years of experience in Washington will count for more than concerns over his age. He faces a smooth path to winning his party’s nomination, with no serious Democratic rivals. But he’s still set for a hard-fought struggle to retain the presidency in a bitterly divided nation.The announcement, in a three-minute video, comes on the four-year anniversary of when Biden declared for the White House in 2019, promising to heal the “soul of the nation” amid the turbulent presidency of Donald Trump — a goal that has remained elusive. “I said we are in a battle for t...

Germany and China aim for June summit amid Taiwan tensions

Published Mon, 24 Feb 2025 16:18:14 GMT

BERLIN — German Chancellor Olaf Scholz is keen to advance economic and climate cooperation with China and defuse tensions over Taiwan as part of high-level government talks he plans to host in June.Scholz and key Cabinet ministers will meet with Chinese counterparts, led by Premier Li Qiang, for bilateral government consultations in Berlin on June 20, according to two persons briefed on the plans. A third person cautioned, however, that the date and format of the talks may still change. If confirmed, the German-Chinese high-level talks would come about a week ahead of a key EU leaders’ summit on June 29-30, where EU-China relations will be high on the agenda, as European Council President Charles Michel announced this week. EU foreign ministers will also discuss China relations at an informal meeting in Sweden on May 12.Germany hopes to use its talks with China to deter Beijing from escalating tensions over Taiwan, which Foreign Minister Annalena Baerbock said earlier this mon...

Russian ships pose threat in Nordic waters as spies take more risks, Norway’s PM says

Published Mon, 24 Feb 2025 16:18:14 GMT

Russian ships are posing a threat in Nordic waters as Moscow takes greater risks in intelligence gathering, Norway’s prime minister has warned, just as Europe’s leaders turn their focus to the security of major maritime energy installations. The warning on Monday from Jonas Gahr Støre came on the same day nine European countries agreed to expand production of wind power in the North Sea, but also cautioned that they would need to take further steps to safeguard those facilities. German Chancellor Olaf Scholz called security of energy assets “a question of high priority.”An investigation by Danish, Finnish, Swedish and Norwegian public broadcasters has found Russia used civilian vessels to collect intelligence on military activities and critical infrastructure in the region. NATO member Norway is an important energy supplier for Europe and oversees highly sensitive critical infrastructure such as oil and gas installations. In an interview with POLITICO in Brusse...

Biden announces reelection bid to continue America’s comeback

Published Mon, 24 Feb 2025 16:18:14 GMT

President Joe Biden on Tuesday formally launched his campaign for a second term in 2024, asking voters to keep him in office and “finish the job” of an historic American recovery that started after he vanquished Donald Trump in 2020.Biden’s long-awaited announcement allows him to begin fundraising 18 months out from the November general election. In a video, the president echoed several familiar themes he outlined when he first took charge of the country during the spiraling Covid-19 pandemic and resulting economic turmoil, taking office days after insurrectionists seized the U.S. Capitol.