News Corp warns of economic pressures, but profits rise
Earnings before interest, depreciation and amortization rose 31 percent to $1.67 billion for the full year from $1.3 billion. This was driven by a 12% full-year increase in Real Estate Services EBITDA to $574 million; this division includes REA Group in Australia and Realtor.com in the US. EBITDA at Dow Jones, the separately distributed financial news division of News Corp, which is home to The Wall Street Journal and Barrons, rose 30 percent to $433 million. Revenue rose 11 percent to $10.4 billion, which the company said was driven by higher digital subscriptions, growth in digital advertising revenue and a…
Read More »CFO Michael Smith announces his intention to take on expanded leadership roles outside of Voya Financial
NEW YORK–(BUSINESS THREAD)–Voya Financial, Inc. (NYSE: VOYA), the leading health, wealth and investment company, today announced that Michael S. Smith, Vice President and Chief Financial Officer (CFO), has decided to leave the company to pursue expanding leadership roles outside of Voya. Smith will continue to serve as Voya’s CFO until November 15, 2022, overseeing the closing and reporting of the company’s third quarter, which ends September 30, 2022. The company will conduct an internal search and external to identify Smith’s successor. “On behalf of our board and our entire leadership team, I would like to thank Mike for his significant…
Read More »Mondee Holdings, Inc. will release financial results for the second quarter of 2022 on August 15, 2022
AUSTIN, Texas–(BUSINESS THREAD)–Mondee Holdings, Inc. (“Mondee” or the “Company”), the high-growth travel technology company and marketplace, with a portfolio of globally recognized platforms and brands in the leisure and corporate travel sectors, today announced that its results for the second quarter of 2022, for the period ended June 30, 2022, will be released on Monday, August 15, 2022 before the market opens. The company will host a conference call at 5:30 am (PST) / 7:30 am (CST) / 8:30 am (EST) to discuss its financial results with the investment community. A live webcast of the event will be available on…
Read More »Financial Highlights: Second Quarter Earnings Summary
DES MOINES, Iowa (AP) _ Principal Financial Group Inc. ( PFG ) reported a second-quarter profit of $3.06 billion on Monday. Per share, the Des Moines, Iowa-based company said it had net income of $11.94. Earnings, adjusted for investment gains, came to $1.65 per share. The results beat Wall Street expectations. The average estimate of five analysts polled by Zacks Investment Research was for earnings of $1.39 per share. The financial services company posted revenue of $6.66 billion during the period. Its adjusted revenue was $3.14 billion, which missed Street forecasts. Four analysts polled by Zacks expected $3.24 billion. _____…
Read More »Vicarious Surgical reports Q2 2022 financial results
August 8, 2022 WALTHAM, Mass.–(BUSINESS THREAD)–Vicarious Surgical Inc. (“Vicarious Surgical” or the “Company”) (NYSE: RBOT, RBOT WS), a next-generation robotics technology company seeking to improve patient outcomes, as well as the cost and efficiency of surgical procedures, today has announced financial results for the quarter ended June 30, 2022. Management will host a corresponding conference call at 4:30 p.m. ET today, August 8, 2022. “We are excited to move closer to our commercial and regulatory goals as we move forward with the development and integration of our Beta 2 system, continue feedback sessions with leading surgeons, and initiate Center of…
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Embassied Trump fans flock to Michigan County Fair
The writer is a contributing columnist, based in Chicago Tammy, 49, her mother Mary and daughter Nikki, 11, sat polishing a corn dog on a bench at the Ottawa County Fair. They were sheltered from the late July sun, fortunately downwind from the smelly goat show, and around the Redneck Chip Stand in this traditionally conservative community near the shores of Lake Michigan. But they were also hiding from the political fireworks surrounding Michigan’s Aug. 2 primary election. Former President Donald Trump and his loyal band of 2020 election deniers had a strong primary in this battleground state, which voted…
Read More »5 things you need to know before the stock market opens on Monday, August 8
A trader works on the floor of the New York Stock Exchange (NYSE), New York, August 3, 2022. Andrew Kelly | Reuters Here are the most important news investors need to start their trading day: 1. Stocks seek momentum US stock markets were on track to open higher on Monday morning after three straight weeks of gains for the S&P 500, which is recovering from its worst first half in more than 50 years. The Nasdaq also posted a winning week as investors digested the latest jobs report, which was much stronger than expected, as well as the possibility of…
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World Bank Says Politicians Are To Blame For ‘Deliberate Depression’ – Bitcoin News
Deliberately inadequate policy responses by successive Lebanese governments combined with politicians’ self-serving deals are largely to blame for the country’s economic crisis, according to a World Bank report. The report concludes that the country must seriously engage “in the macro-fiscal, financial and sectoral reforms that the World Bank has been emphasizing for decades.” Politicians who defend “a bankrupt economic system” In its latest report on Lebanon’s economic situation, the World Bank says the Middle Eastern country’s ongoing economic crisis is the product of “deliberately inadequate policy responses” by successive governments. In the report, which analyzes Lebanon’s post-civil war economy, the…
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