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German business confidence heads downhill after 6-month rise

Published Tue, 25 Feb 2025 00:00:26 GMT

BERLIN (AP) — German business confidence has dropped for the first time after a six-month rise as inflation recedes only slowly in Europe’s biggest economy and interest rates continue to increase, a closely watched survey showed Wednesday.The Ifo institute said its monthly index dropped to 91.7 points in May from 93.4 last month. The index had risen every month since November. Managers’ outlook for the next six months declined significantly, while their assessment of both their current situation was slightly worse than in April.There was a sharp decline of confidence in the manufacturing sector, where expectations saw their largest increase since March 2022, the month after Russia launched its war in Ukraine, Ifo said.The German economy stagnated in this year’s first quarter after contracting by 0.5% in the final three months of 2022, according to preliminary figures released earlier this month.Germany’s annual inflation rate stood at 7.2% in April, down from...

Ituran: Q1 Earnings Snapshot

Published Tue, 25 Feb 2025 00:00:26 GMT

AZOOR, Israel (AP) — AZOOR, Israel (AP) — Ituran Location & Control Ltd. (ITRN) on Wednesday reported earnings of $11.4 million in its first quarter.The Azoor, Israel-based company said it had profit of 56 cents per share.The maker of tracking and communications technology for vehicles posted revenue of $79.5 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 ITRN at https://www.zacks.com/ap/ITRNSource

Bank of Montreal: Fiscal Q2 Earnings Snapshot

Published Tue, 25 Feb 2025 00:00:26 GMT

TORONTO (AP) — TORONTO (AP) — Bank Of Montreal (BMO) on Wednesday reported fiscal second-quarter profit of $778.8 million.The Toronto-based bank said it had earnings of 96 cents per share. Earnings, adjusted for non-recurring costs, were $2.16 per share.The results missed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $2.35 per share.The bank posted revenue of $12.84 billion in the period. Its revenue net of interest expense was $6.22 billion, which beat Street forecasts.Bank of Montreal shares have declined 4% since the beginning of the year. The stock has decreased 17% 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 BMO at https://www.zacks.com/ap/BMOSource

Última hora del volcán Popocatépetl en vivo: erupciones, alerta, noticias y más

Published Tue, 25 Feb 2025 00:00:26 GMT

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Shoe Carnival: Fiscal Q1 Earnings Snapshot

Published Tue, 25 Feb 2025 00:00:26 GMT

EVANSVILLE, Ind. (AP) — EVANSVILLE, Ind. (AP) — Shoe Carnival Inc. (SCVL) on Wednesday reported net income of $16.5 million in its fiscal first quarter.On a per-share basis, the Evansville, Indiana-based company said it had profit of 60 cents.The footwear retailer posted revenue of $281.2 million in the period.Shoe Carnival expects full-year earnings to be $3.60 to $3.85 per share, with revenue in the range of $1.23 billion to $1.25 billion._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SCVL at https://www.zacks.com/ap/SCVLSource

Dorian LPG: Fiscal Q4 Earnings Snapshot

Published Tue, 25 Feb 2025 00:00:26 GMT

STAMFORD, Conn. (AP) — STAMFORD, Conn. (AP) — Dorian LPG Ltd. (LPG) on Wednesday reported net income of $76 million in its fiscal fourth quarter.On a per-share basis, the Stamford, Connecticut-based company said it had net income of $1.89. Earnings, adjusted for non-recurring costs, were $1.94 per share.The liquified petroleum gas shipping company posted revenue of $133.6 million in the period.For the year, the company reported profit of $172.4 million, or $4.29 per share. Revenue was reported as $389.7 million._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on LPG at https://www.zacks.com/ap/LPGSource

Dycom Industries: Fiscal Q1 Earnings Snapshot

Published Tue, 25 Feb 2025 00:00:26 GMT

PALM BEACH GARDENS, Fla. (AP) — PALM BEACH GARDENS, Fla. (AP) — Dycom Industries Inc. (DY) on Wednesday reported fiscal first-quarter earnings of $51.5 million.On a per-share basis, the Palm Beach Gardens, Florida-based company said it had profit of $1.73.The results exceeded Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 70 cents per share.The provider of specialty contracting services posted revenue of $1.05 billion in the period, also beating Street forecasts. Three analysts surveyed by Zacks expected $939.9 million._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on DY at https://www.zacks.com/ap/DYSource

Denver weather: Smoke clears, storms move in

Published Tue, 25 Feb 2025 00:00:26 GMT

DENVER (KDVR) — Air quality alerts are in effect Wednesday as smoke lingers in the morning, but strong afternoon storms will help to clear it out of the area.Pinpoint Weather: Air quality warnings on May 24. Weather today: Afternoon stormsDenver will see a mix of sun and clouds for the first half of the day Wednesday with smoke lingering. The real reason to ‘keep wildlife wild and leave wildlife alone’ Storms pop up through the early afternoon as highs reach the middle 70s. Pinpoint Weather: Daily forecast on May 24. Storms will push out across the plains through the early evening with a marginal risk for severe storms. The biggest threats will be gutsy winds, small hail, and plenty of lightning.Pinpoint Weather: Storm outlook on May 24. Weather tonight: Extra cloudsStorms will exit Wednesday night as clouds stick around. Lows will dip into the lower 50s with lighter winds.Pinpoint Weather: Overnight forecast on May 24. Looking ahead: Storm chances continueThursday has more sunsh...

‘Ridiculous’ to rope Georgia into Western sanctions against Russia, PM says

Published Tue, 25 Feb 2025 00:00:26 GMT

Cracking down on trade between Georgia and Russia would have little impact on the Russian economy, Georgian Prime Minister Irakli Garibashvili said Wednesday, pushing back against a proposal for the EU to sanction third countries that continue to do business with Moscow.“What the EU trades with Russia in four days, we trade with Russia in one year,” Garibashvili said in an interview at the Qatar Economic Forum.“When it comes to economic sanctions […] Georgia’s trade turnover with Russia is less than $1 billion” a year, the Georgian PM said. “This is ridiculous, isn’t it? That $1 billion could not affect Russian economy.”Russia is Georgia’s second largest trading partner. In 2022, trade turnover between the two countries reached $2.5 billion, according to preliminary data from the National Statistics Office of Georgia.The former Soviet republic is among a handful of countries from the Caucasus and Central Asia whose trade with Rus...

EU top court finds holes in Swiss cheese’s trademark request

Published Tue, 25 Feb 2025 00:00:26 GMT

The Swiss Emmental cheese, famous for its numerous holes, cannot be trademarked in the European Union, the Court of Justice of the EU ruled Wednesday.“The term ‘emmentaler’ cannot be protected as a European Union trade mark for cheeses,” the CJEU said in its ruling. The mark, the court argued, is “descriptive of a type of cheese for the relevant German public and is not perceived as an indication of the geographical origin of that cheese.”As such, “it does not enjoy protection as a collective mark,” the court ruled. Originally produced in the German-speaking Emme valley, in the Bern region, Emmental is one of the most well-known Swiss cheeses. In 2021, 10,772 tons of it were exported globally. The cheese has been produced under a protected designation of origin (AOP) in Switzerland since 2006, but lobby groups say it is widely copied abroad. The AOP is only valid within Switzerland, but has no jurisdiction in the EU. The CJEU’s ruling ...