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UPS lowers 2023 revenue outlook citing labor deal with 340,000 unionized workers, falling volume

Published Mon, 04 Nov 2024 18:08:58 GMT

Revenue declined at UPS in the second quarter and the package delivery company lowered its full-year revenue expectations by $4 billion as package volumes decline, and after reaching a tentative labor contract reached late last month with its 340,000 unionized workers.Package volume has been in decline for all shippers and fell significantly for UPS during the quarter. Shares for the Atlanta company slid about 5% before the opening bell Tuesday. Domestic revenue slid 6.9% during the quarter as average daily package volume fell 9.9%. The company offset that decline somewhat, however, booking a 3.3% increase in revenue per piece.UPS reached a tentative deal with the International Brotherhood of Teamsters, potentially averting a strike that threatened to disrupt package deliveries for millions of businesses and households nationwide.Under the agreement, which still needs to be approved by union members, full- and part-time union workers will get $2.75 more per hour in 2023, and $7.50 m...

Dish: Q2 Earnings Snapshot

Published Mon, 04 Nov 2024 18:08:58 GMT

ENGLEWOOD, Colo. (AP) — ENGLEWOOD, Colo. (AP) — Dish Network Corp. (DISH) on Tuesday reported second-quarter net income of $200.3 million.On a per-share basis, the Englewood, Colorado-based company said it had profit of 31 cents.The results exceeded Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 29 cents per share.The satellite television provider posted revenue of $3.91 billion in the period, which missed Street forecasts. Four analysts surveyed by Zacks expected $3.92 billion._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on DISH at https://www.zacks.com/ap/DISHSource

Medical Properties: Q2 Earnings Snapshot

Published Mon, 04 Nov 2024 18:08:58 GMT

BIRMINGHAM, Ala. (AP) — BIRMINGHAM, Ala. (AP) — Medical Properties Trust Inc. (MPW) on Tuesday reported a key measure of profitability in its second quarter. The results surpassed Wall Street expectations.The Birmingham, Alabama-based real estate investment trust said it had funds from operations of $285.3 million, or 48 cents per share, in the period.The average estimate of five analysts surveyed by Zacks Investment Research was for funds from operations of 38 cents per share.Funds from operations is a closely watched measure in the REIT industry. It takes net income and adds back items such as depreciation and amortization.The company said it had a loss of $42 million, or 7 cents per share.The health care real estate investment trust, based in Birmingham, Alabama, posted revenue of $337.4 million in the period, missing Street forecasts. Five analysts surveyed by Zacks expected $352.8 million.Medical Properties expects full-year funds from operations in the range of $1.53 to $1.57 ...

Expeditors International: Q2 Earnings Snapshot

Published Mon, 04 Nov 2024 18:08:58 GMT

SEATTLE (AP) — SEATTLE (AP) — Expeditors International of Washington Inc. (EXPD) on Tuesday reported second-quarter earnings of $196.8 million.On a per-share basis, the Seattle-based company said it had net income of $1.30.The results missed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.34 per share.The logistics services provider posted revenue of $2.24 billion 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 EXPD at https://www.zacks.com/ap/EXPDSource

L.B. Foster: Q2 Earnings Snapshot

Published Mon, 04 Nov 2024 18:08:58 GMT

PITTSBURGH (AP) — PITTSBURGH (AP) — L.B. Foster Co. (FSTR) on Tuesday reported earnings of $3.5 million in its second quarter.The Pittsburgh-based company said it had profit of 32 cents per share.The railroad track manufacturer posted revenue of $148 million in the period.L.B. Foster expects full-year revenue in the range of $520 million to $550 million._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on FSTR at https://www.zacks.com/ap/FSTRSource

Going 45 in a school zone is cause for jail time

Published Mon, 04 Nov 2024 18:08:58 GMT

DENVER (KDVR) — Summer is over for some districts and school is back in session. The default speed limit in Denver changed from 25 to 20 mph earlier this year, and school zones are even slower with twice the fine if you get pulled over. School traffic safety Most school zone speed limits range from a minimum of 20 mph during school hours, which is usually around 7 a.m. to 4 p.m. While this isn't much of a change from Denver's new speed limit, the penalty for breaking the limit is doubled in school zones, which can be easy to do on main roads. Fines for speeding 1 mph to 24 mph over the speed limit vary from $35-$200. However, driving anything over 25 mph has a minimum sentence of 10 days in jail and a maximum sentence of one year. And that's for non-school zone areas. What are the rules on student seclusion in Colorado schools? Going 25 mph over the speed limit in a school zone seems impossible, but there are almost 200 public schools in Denver, and many of them are on main ro...

Lakewood votes on controversial growth cap

Published Mon, 04 Nov 2024 18:08:58 GMT

LAKEWOOD, Colo. (KDVR) — Lakewood City Council has voted to put the brakes on housing and development in the city, at least for a while.On Monday, city council members passed an emergency ordinance that will limit new housing and residential units from being built. Members approved the measure by an 8-3 vote.The city’s growth plan comes as a new state law, HB23-1255, forbids cities from enforcing anti-growth policies. The law was signed by Gov. Jared Polis in early June.    21-and-up gun law blocked in federal court Voters approved a strategic growth plan for the city in 2019. Supporters believe controlling growth can control housing costs and keep families from leaving Lakewood.Moves to block growth are not new in Colorado, Boulder and Golden have had similar laws on the books.The Lakewood anti-growth measure will remain in effect until 2026.

2 Orlando officers shot by man who escaped UCF police weeks prior, tampered with GPS ankle monitor

Published Mon, 04 Nov 2024 18:08:58 GMT

ORLANDO, Fla. (WSVN) – New details have emerged about Daton Viel, the man suspected of opening fire on two officers in Orlando last week. Authorities revealed that Viel should have been previously under police supervision and nearly arrested just months before the shooting incident.Recently obtained video footage shows Viel fleeing from the University of Central Florida police weeks before the shooting. In June, UCF police approached Viel after his car was flagged as stolen. Instead of cooperating, Viel took off running, evading arrest.According to court records, Viel was supposed to be wearing an ankle monitor as part of his police supervision, but he had broken it off. This development has sparked concerns, as it closely mirrors the tragic fate of Rafael Zaldivar’s son, Alex, who was killed in 2012 by an individual who had cut off his GPS ankle monitor. After that incident, Orange County discontinued the GPS monitor program.Regarding the issued ankle monitor, it was re...

UK election watchdog targeted in ‘hostile’ cyberattack

Published Mon, 04 Nov 2024 18:08:58 GMT

LONDON — The U.K.’s election watchdog, the Electoral Commission, has announced that it was the subject of a complex cyberattack last year in which its systems were accessed by “hostile actors.”Personal data including names, addresses, email addresses, and other data held on electoral registers were compromised during the attack, the Electoral Commission revealed on Tuesday. It is not currently aware of who was responsible for the attack.The incident was first identified in October 2022 following the detection of suspicious activity, and a subsequent investigation found that hostile actors had first accessed the watchdog’s systems in August 2021.“During the cyberattack, the perpetrators had access to the Commission’s servers which held our email, our control systems, and copies of the electoral registers,” the Electoral Commission explained in a blog post.The body said it didn’t know how the affected data might be used, but cited the Information Commissioner’s Office (ICO) risk ...

How Britain’s Tories lost their electoral base

Published Mon, 04 Nov 2024 18:08:58 GMT

ST ALBANS, England — For decades they were U.K. Conservative heartlands; the prim, middle-class shires of southern England which voted Tory come what may.But such has been the ruling Conservatives’ slump in popularity following a prolonged period of chaos at Westminster that strategists believe this so-called Blue Wall of Tory seats may at last be about to fall.“We’re in a situation where approval of the government’s performance, and views of the Conservative party as a whole, are so negative that many of these seats — a good number of which saw 10,000-plus majorities in 2019 — are easily in play,” said Philip van Scheltinga, a pollster for Redfield and Wilton Strategies.During a week spent touring these true-blue Conservative seats, POLITICO spoke to MPs on the ground about the local and national pressures that will feed into the next general election, expected in 2024.The disastrous final stages of Boris Johnson’s premiership — followed by the brief Liz Tru...