Latest Business News

Diversified Energy: Q4 Earnings Snapshot

Mar. 19, 2024 07:46 AM EDT

BIRMINGHAM, Ala. (AP) — BIRMINGHAM, Ala. (AP) — Diversified Energy (DEC) on Tuesday reported net income of $758 million in its fourth quarter. The Birmingham, Alabama-based company said it had net income of $15.95 per share. Earnings, adjusted for non-recurring gains, were $1.47...

Formula Systems: Q4 Earnings Snapshot

Mar. 19, 2024 07:44 AM EDT

OR YEHUDA, Israel (AP) — OR YEHUDA, Israel (AP) — Formula Systems (1985) Ltd. (FORTY) on Tuesday reported earnings of $15.7 million in its fourth quarter. The Or Yehuda, Israel-based company said it had net income of $1.01 per share. The information technology...

Core & Main: Fiscal Q4 Earnings Snapshot

Mar. 19, 2024 07:40 AM EDT

ST. LOUIS (AP) — ST. LOUIS (AP) — Core & Main Inc. (CNM) on Tuesday reported fiscal fourth-quarter profit of $63 million. On a per-share basis, the St. Louis-based company said it had net income of 34 cents. The results met Wall Street expectations. The average...

Unilever is cutting 7,500 jobs and spinning off its ice cream business

Mar. 19, 2024 07:38 AM EDT

LONDON (AP) — Unilever, the company that makes Ben & Jerry’s ice cream, Dove soaps and Vaseline, said Tuesday that it is cutting 7,500 jobs and spinning off its ice cream business to reduce costs and boost profits. London-based Unilever said its ice cream business, which also...

4 things to know from Elon Musk's interview with Don Lemon

Mar. 19, 2024 07:25 AM EDT

SAN FRANCISCO (AP) — Former CNN reporter Don Lemon mixed it up with Tesla CEO Elon Musk in an interview Lemon posted on Musk’s X social network Monday. The interview was supposed to kick off Lemon’s new talk show on X, formerly known as Twitter, at least until Musk canceled the show shortly...

MAG Silver: Q4 Earnings Snapshot

Mar. 19, 2024 07:23 AM EDT

VANCOUVER, British Columbia (AP) — VANCOUVER, British Columbia (AP) — MAG Silver Corp. (MAG) on Tuesday reported fourth-quarter earnings of $15.7 million. The Vancouver, British Columbia-based company said it had net income of 14 cents per share. The results...

Caleres Inc.: Fiscal Q4 Earnings Snapshot

Mar. 19, 2024 07:04 AM EDT

ST LOUIS (AP) — ST LOUIS (AP) — Caleres Inc. (CAL) on Tuesday reported fiscal fourth-quarter earnings of $55.8 million. On a per-share basis, the St. Louis-based company said it had profit of $1.57. Earnings, adjusted for pretax gains, were 86 cents per share. The...

Citi Trends: Fiscal Q4 Earnings Snapshot

Mar. 19, 2024 07:03 AM EDT

SAVANNAH, Ga. (AP) — SAVANNAH, Ga. (AP) — Citi Trends Inc. (CTRN) on Tuesday reported profit of $3.6 million in its fiscal fourth quarter. On a per-share basis, the Savannah, Georgia-based company said it had profit of 42 cents. Earnings, adjusted for one-time gains and costs,...

Millennial Money: Navigating the SSI ‘marriage penalty’

Mar. 19, 2024 07:03 AM EDT

Jennifer Updike and Lewis Fredette, of Auburn, New York, got engaged in December 2023. The couple, who are both on the autism spectrum, look forward to moving in together soon and tying the knot in a religious ceremony. But because they both receive Supplemental Security Income —...

Sex trade to slavery: A UN agency says criminals reap $236B a year in profits from forced labor

Mar. 19, 2024 06:14 AM EDT

GENEVA (AP) — Illegal profits from forced labor worldwide have risen to the “obscene” amount of $236 billion per year, the U.N. labor agency reported Tuesday, with sexual exploitation to blame for three-fourths of the take from a business that deprives migrants of money they can send home,...