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A busy summer pushes United Airlines to a $1.14 billion profit, but fuel cost will hurt 4Q results

Published Mon, 11 Nov 2024 11:49:39 GMT

United Airlines said Tuesday that it earned $1.14 billion in the vacation-heavy third quarter, but the airline forecast surprisingly weak profit the rest of the year due to surging jet fuel prices.United said fourth-quarter adjusted profit would be between $1.50 and $1.80 per share, well below Wall Street expectations for $2.09 per share.The third quarter, however, was strong all around for the Chicago-based airline. United said after the market closed Tuesday that revenue increased more than 12% over the same period last year, led by international flights.United said it set quarterly profit records for service to both Europe and Asia, as more Americans traveled beyond U.S. borders. Domestic revenue also grew, though not as much.United’s net income of $1.14 billion compared with $942 million a year earlier. The airline said earnings adjusted to exclude unusual items worked out to $3.65 per share, beating the Wall Street forecast of $3.38 per share, according to a FactSet surve...

Colts’ Grover Stewart suspended 6 games for violating league’s policy on performance-enhancers

Published Mon, 11 Nov 2024 11:49:39 GMT

INDIANAPOLIS (AP) — The NFL suspended Indianapolis Colts starting defensive tackle Grover Stewart six games without pay Tuesday for violating the league’s policy on performance-enhancers.While league officials didn’t disclose details about the violation, it did say Stewart could return to Indy’s active roster Dec. 4.Stewart has been a key part of Indy’s run defense since reshaping his body after being a 2017 fourth-round draft pick out of Albany State in Georgia. He has steadily increased his weight from 295 pounds to 314, taking on a much leaner look as he teamed with two-time Pro Bowler DeForest Buckner to give Indy (3-3) one of the NFL’s top interior defensive tandems.This season, Stewart ranks eighth on the team with 20 tackles, two for loss, but Colts coaches have repeatedly said he has been playing at a Pro Bowl level for several seasons.Without Stewart, the Colts will likely move Taven Bryan into the starting lineup Sunday against Cleveland (3-2). Bryan was ...

Rockets trading Kevin Porter to Thunder, AP source says, and OKC will waive him

Published Mon, 11 Nov 2024 11:49:39 GMT

Kevin Porter Jr.’s time with the Houston Rockets is over, after the team agreed Tuesday to trade him and a pair of second-round draft picks to the Oklahoma City Thunder, a person with knowledge of the agreement told The Associated Press.Porter Jr. — whose future in the NBA is uncertain because of serious legal issues — will be waived immediately by the Thunder once the trade gets league approval, according to the person who spoke to the AP on condition of anonymity because neither team had announced the deal.ESPN first reported the trade terms, which were later confirmed by The Houston Chronicle and other outlets. The Rockets also will receive Victor Oladipo and Jeremiah Robinson-Earl as part of the trade, the person said.Porter is owed nearly $15.9 million for this season and an additional $1 million that was guaranteed for next season. The Rockets already had told Porter that he was essentially barred from the team after it learned of his arrest on domestic violence charges last m...

Fulton Financial: Q3 Earnings Snapshot

Published Mon, 11 Nov 2024 11:49:39 GMT

LANCASTER, Pa. (AP) — LANCASTER, Pa. (AP) — Fulton Financial Corp. (FULT) on Tuesday reported third-quarter net income of $72.1 million.The Lancaster, Pennsylvania-based bank said it had earnings of 42 cents per share. Earnings, adjusted for non-recurring costs, were 43 cents per share.The results topped Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 40 cents per share.The financial holding company posted revenue of $386.3 million in the period. Its revenue net of interest expense was $274.2 million, also surpassing 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 FULT at https://www.zacks.com/ap/FULTSource

Arkansas orders Chinese company’s subsidiary to divest itself of agricultural land

Published Mon, 11 Nov 2024 11:49:39 GMT

LITTLE ROCK, Ark. (AP) — Arkansas on Tuesday ordered the subsidiary of a Chinese-owned company to divest itself of 160 acres (774,400 square yards) of agricultural land, the first such action under a wave of new laws across the country restricting foreign ownership of farmland. Attorney General Tim Griffin said Northrup King Seed Co. has two years to divest the property in Craighead County under legislation passed by the majority-Republican Legislature and signed by GOP Gov. Sarah Huckabee Sanders earlier this year. Northrup is a subsidiary of Syngenta Seeds, which is owned by China National Chemical Company, or ChemChina, a Chinese state-owned company. “We will make sure that every company operating in Arkansas is a friend to Arkansas and good to hard-working Arkansans,” Sanders at a news conference with Griffin to announce the move. Syngenta said it was disappointed in the state’s decision about its land, which the company has owned since 1988. The company said no one from C...

Prosecutors seeking to recharge Alec Baldwin in fatal shooting on set of Western movie “Rust”

Published Mon, 11 Nov 2024 11:49:39 GMT

SANTA FE, N.M. (AP) — Special prosecutors are seeking to recharge actor Alec Baldwin in the fatal shooting of a cinematographer on the set of a Western movie in 2021, describing Tuesday their preparations to present new information to a grand jury.New Mexico-based prosecutors Kari Morrissey and Jason Lewis said they’ll present their case to the grand jury within the next two months, noting “additional facts” have come to light in the shooting on the set of the film “Rust” that killed Halyna Hutchins.Baldwin, a coproducer of the film, was pointing a gun at Hutchins during a rehearsal inside a rustic chapel on a movie-set ranch near Santa Fe when the gun went off on Oct. 21, 2021, killing the cinematographer and wounding director Joel Souza.“Additional facts have come to light that we believe show Mr. Baldwin has criminal culpability in the death of Halyna Hutchins and the shooting of Joel Souza,” Morrissey and Lewis said in an email. “We believe the appropriate course of action is to...

Bar Harbor: Q3 Earnings Snapshot

Published Mon, 11 Nov 2024 11:49:39 GMT

BAR HARBOR, Maine (AP) — BAR HARBOR, Maine (AP) — Bar Harbor Bankshares Inc. (BHB) on Tuesday reported third-quarter profit of $11.1 million.The Bar Harbor, Maine-based bank said it had earnings of 73 cents per share.The bank posted revenue of $54 million in the period. Its revenue net of interest expense was $38 million, surpassing Street forecasts.Bar Harbor shares have fallen 24% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $24.33, a drop of 13% 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 BHB at https://www.zacks.com/ap/BHBSource

Blast kills hundreds at Gaza hospital, Hamas and Israel trade blame

Published Mon, 11 Nov 2024 11:49:39 GMT

KHAN YOUNIS, Gaza Strip (AP) — A massive blast rocked a Gaza City hospital packed with wounded and other Palestinians seeking shelter Tuesday, killing hundreds of people, the Hamas-run Health Ministry said. Hamas blamed an Israeli airstrike, while the Israeli military said the hospital was hit by a rocket misfired by Palestinian militants.The health ministry said at least 500 people had been killed. Video that The Associated Press confirmed was from the hospital showed fire engulfing the building and the hospital's grounds strewn with torn bodies, many of them young children. Around them in the grass were blankets, school backpacks and other belongings. Biden will head to Israel, Jordan as concerns mount about Israel-Hamas conflict The carnage came as the U.S. tried to convince Israel to allow the delivery of supplies to desperate civilians, aid groups and hospitals in the tiny Gaza Strip, which has been under a complete siege since Hamas' deadly rampage in southern Israel last we...

1 dead after attempted car theft turns into police chase

Published Mon, 11 Nov 2024 11:49:39 GMT

DENVER (KDVR) -- A suspected car thief was killed Monday night after being chased and shot at by a Silverthorne police officer.At 7:57 p.m., Dillon and Silverthorne police officers responded to a car in the process of being stolen at the Summit Place Shopping Center.According to a release from the Silverthorne Police Department, the robbery resulted in a foot chase with a Silverthorne officer and the armed suspect. Trial begins for 3rd officer charged in Elijah McClain case The officer fired shots and the suspect is deceased, according to the Silverthorne PD release. The suspect involved in the incident has not yet been identified. There is no active threat to the public.The Silverthorne police officer involved in the shooting was placed on paid administrative leave while the investigation is underway.At 11 p.m. on Monday, the Colorado Bureau of Investigation arrived on the scene at Summit Place Shopping Center. CBI has taken over the ongoing investigation. No ...

Colorado woman lands in Israel after first attack, Project Dynamo helps get her home

Published Mon, 11 Nov 2024 11:49:39 GMT

DENVER (KDVR) -- Tuesday marks the 10th day since the Hamas attacks on Israel, and Americans are still working to get out of the region.Some U.S. citizens are getting help from Project Dynamo to return home.Corrine Mille, a Sedalia resident, has been to Israel four times and wanted to take a friend who had never been. But this time was different.“We got there on October 7, three hours after the first missile hit. Tel Aviv we landed. The airport was a ghost town. There were shelter signs everywhere,” said Miller. They made their way to the north to hopefully escape the conflict.“[We thought] let's just wait it out and see what happens. We didn't want to abort the trip immediately,” said Miller.After all, she had planned this two-week trip for 10 months.“Three hours before we landed the spreadsheet was annihilated.”However, they were not immune to the sirens and missile attacks. Soon enough she got a Home Front Command notification on her phone telling her there was "rocket and missil...