Month: July 2022

Thanks to record sales, Spencer Gulf trevally grower Clean Seas Seafood is poised to return to profit after more than $45 million in losses in the previous two years. Clean Seas trevally enclosure in Spencer Gulf. Photo: provided. The publicly traded company’s sales reached $66.2 million in the 12 months to June 30, up 37% […]

The state-run Indian Bank reported a 4% increase in net profit for the first quarter of FY 2022-23 to Rs 1,311 crore from Rs 1,259 crore in the same period during the last financial year. The bank’s total income in the April to June quarter 2022-2023 also increased by 3% to Rs 11,898 crore from […]

Godrej Agrovet Ltd (GAVL) total revenue rose to ₹2,517.5 crore in the first quarter of the current financial year from ₹2,003.2 crore in the same period a year ago, a growth of 25.7% year-on-year. The company reported EBITDA of ₹169.3 crore from ₹180 crore. Profit before tax was ₹102.8 crore in the quarter, compared to […]

___ Inflation and wage data suggest US prices will continue to rise WASHINGTON (AP) — Inflation jumped in June and average worker wages accelerated in the spring — signs that Americans are unlikely to feel any relief from higher prices anytime soon and that the Federal Reserve will feel pressured further increase borrowing costs. An […]

The Engie power plant is pictured in Montoir-de-Bretagne near Saint-Nazaire, France, March 4, 2022. REUTERS/Stephane Mahe Join now for FREE unlimited access to Reuters.com Register H1 net income of 5 billion euros compared to 2.3 billion euros a year ago Maintains 2022 financial forecasts Reduces valuation of Nord Stream 1 stake PARIS, July 29 (Reuters) […]

DETROIT — Ford Motor Co.’s net profit rose 19% in the second quarter as the company gathered enough computer chips to boost production and sales at the plant. The Dearborn, Michigan automaker said Wednesday it earned $667 million from April to June, up from $561 million a year earlier. The company stayed true to its […]

The results from Meta, Facebook’s parent company, are the latest sign of a prolonged downturn in the digital advertising market. Noah Berger/AFP via Getty Images Updated July 27, 2022 7:03 PM ET Facebook’s parent company Meta has suffered a double whammy in the past three months: revenue fell for the first time and profits fell […]

DETROIT — General Motors’ second-quarter net profit fell 40% from a year ago as shortages of computer chips and parts hampered plant production and slumped the company’s sales in the United States by more than 15%. The Detroit automaker earned $1.67 billion from April to June, in part because it couldn’t deliver 95,000 vehicles because […]

Comment this story Comment DETROIT — General Motors’ second-quarter net profit fell 40% from a year ago as shortages of computer chips and parts hampered plant production and slumped the company’s sales in the United States by more than 15%. The Detroit automaker earned $1.67 billion from April to June, in part because it couldn’t […]

Walmart, the world’s biggest retailer, now expects its second-quarter profit to be lower than previous estimates, saying the effects of inflation are having a ripple effect on customers. Why is this important: Consumers have become more cautious about how they spend their money given high inflation. Companies are now readjusting their outlook and tightening their […]

Tech Mahindra will release its financial results for the first quarter of 2021-22 (Q1FY22) on Monday. Despite the increase in net profit, the company recorded a decline in net profit throughout the quarters of FY22. As of Q4FY22, profit after tax (PAT) was Rs 1,038 crore. In the previous quarter, Q3FY22, […]

Infosys’ FY23 first-quarter results beat Street’s estimates for revenue growth, but the IT services major disappointed in margin performance due to rising talent costs. Its net profit for the first quarter of FY23 was below expectations at Rs 5,360 crore, up 3.2% year-on-year (YoY), but down 5.7% sequentially. Despite an uncertain […]

Vardhman Textiles Limited on Saturday announced a net profit of Rs 313.35 crore for the quarter ending June 30, 2022 (Q1FY23) compared to Rs 300.92 crore in the corresponding quarter of the previous year, an increase of 4, 13%, on a stand-alone basis. The revenue of the company is Rs 2,731 […]

Reliance Industries Ltd on Friday reported a 46.3% rise in profits for the June quarter as cheaper Russian crude and strong fuel demand boosted the refining margin of its dominant petroleum-to-chemicals business. The Mukesh Ambani-led conglomerate said consolidated profit rose to 17,955 crore rupees ($2.25 billion) in the three months to […]

The oil and gas industry has generated $2.8bn (£2.3bn) a day in pure profit for the past 50 years, new analysis has revealed. The vast total captured by oil states and fossil fuel companies since 1970 is $52,000,000,000, giving the power to “buy every politician, every system” and delay action on the climate crisis, says […]

The headquarters of Finnish telecommunications network company Nokia is seen in Espoo, Finland July 26, 2018. Lehtikuva/Mikko Stig via REUTERS Join now for FREE unlimited access to Reuters.com Register Expects chip shortage to ease in second half of 2022 Second quarter operating profit beats estimates Net sales €5.87 billion vs. €5.60 billion Says cost increases […]

The Nasdaq logo is displayed at the Nasdaq market site in New York, U.S., May 2, 2019. REUTERS/Brendan McDermid/ Join now for FREE unlimited access to Reuters.com Register July 20 (Reuters) – Nasdaq Inc (NDAQ.O) on Wednesday reported quarterly earnings that beat Wall Street expectations as traders turned to the stock trader’s investment-related products to […]

BEND, Ore. (KTVZ) – Central Oregon Economic Development will once again host the annual Bend Venture Conference Thursday, October 20 and Friday, October 21 in downtown Bend and virtually online. Ticketing, speaker announcements and event details for the 19e The annual Bend Venture Conference will be announced in the coming weeks. Over the past six […]

The number of profit warnings issued by companies in the South West has doubled in the past three months as they continue to be hit by rising prices, supply problems and falling spending on consumption. Six profit warnings were issued by publicly traded West Country companies in the second quarter of 2022, up from three […]

Comment this story Comment NEW YORK — Wall Street is strengthening Monday to kick off a week full of updates on the two things that set stock prices: corporate earnings and the direction interest rates are headed. The S&P 500 was up 0.7% in early trading, on pace with another gain after breaking a five-day […]

Rising profit levels in Australia’s corporate sector have been identified as one of the main causes of rising inflation levels across the country, according to a new report. Research from the Australia Institute found that rising corporate profit levels, not rising workers’ wages, contributed to rising inflation rates. It comes as inflation in the United […]

JEDDAH: As companies in the global supply chain find ways to tackle the worst shipping congestion, the world’s most efficient port is emerging as a safe harbor to relieve global logistical pressures. King Abdullah Port recently achieved a major milestone by handling 15 million twenty-foot equivalent units in a record time of less than nine […]

ICICI Prudential Life Insurance on Saturday reported a net profit of Rs 156 crore in the April to June (Q1) quarter of FY23, compared to a loss of Rs 186 crore in the year period. previous year, helped by a significant drop in claims and provisions due to Covid -19. The […]

Opinions expressed by Entrepreneur the contributors are theirs. A booming business is something to celebrate. Despite dismal headlines related to the pandemic, rising inflation, shortages and pressure on supply chains, many companies in the United States have not only persevered, but succeeded. In fact, the majority of businesses are growing. A Guidant survey of small […]

A major for-profit lobbying organization filed a motion on Wednesday to intervene in a lawsuit that was recently settled by the Department of Education. The motion could block the department’s agreement to automatically discharge $6 billion in student debt for 200,000 borrowers with pending borrower defense claims. The motion from Career Education Colleges and Universities, […]

The ConAgra Foods production facility is seen in Oakdale, California December 18, 2015. REUTERS/Fred Greaves Join now for FREE unlimited access to Reuters.com Register July 14 (Reuters) – Conagra Brands Inc (CAG.N) forecast full-year profits below Wall Street expectations on Thursday as inflation-driven price rises weigh on demand for its frozen foods and snacks while […]

Dolly Khanna is known for her high bets on lesser-known small and micro cap stocks that generate alpha returns in a short period of time. This is why over the past few years, particularly after the market rebound from Covid, a good number of Dolly Khanna stocks have produced stellar multibagger returns. In fact, stocks […]

This post originally appeared on the Maine Center for Economic Policy blog. When corporations receive lucrative tax incentives and don’t pay their fair share of taxes, they profit from the hard work of Mainers and exploit the resources of our communities while undermining our prosperity. At the national level, the data clearly shows massive corporate […]

The Department of Education has big plans to make it easier for borrowers who attended predatory colleges to seek student debt relief and to hold institutions accountable for their wrongdoings, and possibly have them reimbursed for fees as well. A set of proposed new regulations released July 6 would create a separate new process for […]

SACRAMENTO — Although gas prices have moderated slightly, President Joe Biden and Democratic leaders continue to launch their usual attacks on the country’s oil companies. They blame corporate “greed” for the nearly $5-a-gallon prices drivers face nationwide, and offer a slew of predictable government “fixes.” In a letter to oil companies last month, Biden blamed […]

NEW YORK, July 09 19, 2022 (GLOBE NEWSWIRE) — {{DATELINECITY—DATE—GLOBENEWSWIRE—BUG}}Pomerantz LLP is investigating claims on behalf of First High-School Education Group Co., Ltd. investors. (or the “Company”) (NYSE: FHS). Such investors are encouraged to contact Robert S. Willoughby at [email protected] or 888-476-6529, ext. 7980. The investigation focuses on whether FHS and certain of its officers […]

I have few responses to Matt Reed’s request for ideas on recruiting faculty in high-demand fields. What I have are three arguments I make to my colleagues in digital learning (my non-academic educators) who are considering moving into an edtech, OPM, publishing, consulting, service or otherwise. Maybe Matt can put those points to good use. […]

Shares of Salmon Evolution ASA (OB:SALME) rose 10% last week, but insiders who sold 3.9 million kr worth of shares in the past year are likely in a better position. Selling at an average price of 8.56 kr, which is higher than the current price, may have been the wisest move for these insiders, as […]

Comment this story Comment When Michelle Wu became the first woman and first person of color to be elected mayor of Boston in November, she was blessed with nearly $350 million in one-time federal funds behind a promise of “transformative change” in its first $3.99 billion. annual budget. Unlike other cities using the American Rescue […]

The White House on Tuesday defended itself against criticism from billionaire Jeff Bezos over President Biden’s rants against gas companies for making profits in “time of war and global peril.” “We completely disagree with Jeff Bezos,” White House press secretary Karine Jean-Pierre told reporters. “We will continue to engage everyone in this distribution chain…from oil […]

Text size A parade of reports on the results is expected this month. Here: Traders on the New York Stock Exchange (NYSE), today, Friday, July 1, 2022. NYSE The first major test for the stock market and fragile second-half investor sentiment is fast approaching. A parade of earnings reports over the coming month will outline […]

It may seem hard to believe, but SEGA is actually one of the most progressive companies out there. As a large-scale enterprise in Japan, SEGA has LGBT+ inclusive environments, recruitment opportunities, and efforts to be more inclusive of sexual minorities in the workplace. It was even one of the companies that took part in the […]

genkur/iStock via Getty Images Kulicke and Soffa Industries (NASDAQ:NASDAQ: KLIC) is a semiconductor equipment manufacturer, founded in 1951. The stock has historically outperformed the S&P500 index, indicating strong business performance in good times and bad. Accompanied by increasing dividends and huge buyouts, this rather unknown company can continue to grow into the next decade. In […]

AFP New York, United States ● Sun July 3, 2022 2022-07-03 12:45 0 53ea05b5fe2e13733519dbf4e3372f4f 2 Economy United States, economy, dollar, multinationals, inflation, the Fed Free The rapid appreciation of the US dollar since the start of the year has been a double-edged sword for US multinationals, pushing some of them to decide to hedge or […]

The S&P500 is officially in a bear market and off to its worst start in over 50 years. Bear markets can be mentally taxing, but they all end eventually and can be opportunities to buy big companies at discounted prices. Companies with competitive advantages and strong cash flow can generate above-market returns over the long […]

Biopharmaceutical companies may want to pause before pursuing their next acquisition. Costs are rising and potential returns are shrinking, according to a report released in late June by accounting and consulting firm Accenture. Other growth strategies, however, may prove more promising in the coming years, notes the report, which predicts that companies will begin to […]

TCS, Infosys and HUL lead the pack when it comes to debt-free companies in India. Together, these seven Nifty 50 companies have a market capitalization of over ₹31 lakh crore. With interest rates rising all over the world, financial risk has also increased as high interest charges eat away at corporate profits. The low interest […]