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Apr 23 2024
News
Halliburton Sees Best Profit in 12 Years Despite Shrinking Shale
Halliburton Co. , the world’s biggest provider of fracking work, posted its best earnings for a first quarter in a dozen years despite a shrinking business in the shale patch.
The company that helps oil explorers around the globe drill and complete new wells reported quarterly earnings of $679 million, excluding certain items, it said Tuesday in a statement . International sales grew 12
BloombergMar 13 2024
News
Profiting off prisons
But we got that proof anyway this week, with a report laying bare the appalling conditions at Bridgewater State Hospital , where care is provided – or not – by Wellpath, owned by yet another equity firm looking to make massive profits off medical care for the unluckiest among us. Thanks to the Steward Health Care disaster , we need no further proof around here that private equity should have
The Boston GlobeApr 21 2024
News
UK supermarket Asda says 2023 underlying profit up 24%
LONDON, April 22 (Reuters) - Asda, Britain's third biggest supermarket group, reported a 24% rise in annual earnings on Monday that reflected a 7% rise in total sales.
Asda, owned by brothers Zuber and Mohsin Issa and private equity firm TDR Capital, said 2023 adjusted EBITDA after rent, its preferred profit measure, was 1.078 billion pounds ($1.33 billion) on total sales, excluding
ReutersApr 24 2024
News
Deutsche Bank reports 10% profit rise in first quarter, beating expectations
The Deutsche Bank AG headquarters in the financial district of Frankfurt, Germany, on Thursday, Feb. 1, 2024. Deutsche Bank on Thursday reported 1.275 billion euros ($1.365 billion) in net profit attributable to shareholders in the first quarter, marking a 10% annual increase. Analysts had forecast a result of 1.23 billion euros for the period, according to LSEG data. Revenue rose 1% year-on-
CNBCApr 23 2024
News
Eni ups share buyback after Q1 net profit beats expectations
MILAN, April 24 (Reuters) - Italian energy group Eni (ENI.MI) said on Wednesday it would raise its planned 2024 share buyback by 45% to 1.6 billion euros after beating analyst expectations for its first-quarter net income.
Adjusted net profit in the period came in at 1.58 billion euros ($1.7 billion) versus consensus of 1.56 billion euros.
Hydrocarbon production grew 5% compared
ReutersApr 23 2024
News
Tesla profits have plummeted. Elon Musk remains all-in on robotaxis
After a barrage of bad news and a sharp drop in profits at Tesla, CEO Elon Musk sought to reassure investors on Tuesday that the revolutionary electric vehicle company is still on a long-term path to growth — thanks to AI and autonomous vehicles. "We're putting the actual 'auto' in 'automobile,' " Musk said, to chuckles from his executive team. "The future is really bright," Tesla CFO Vaibhav
NPR Fact CheckApr 11 2024
News
Local Non Profit Provides Emotional Support To The Bereaved
“Everyone can master grief but he that has it,” said William Shakespeare. These words written hundreds of years ago by The Bard ring as true today as when he wrote them. Who amongst us has not experienced the loss of a loved one and had to deal with their own personal ensuing grief? Fortunately, in Annandale, there has been a nonprofit 501(c)(3) organization in operation since 1976, whose
Falls Church News - PressApr 22 2024
News
Primark owner AB Foods expects 'significant growth' in full-year profit
LONDON, April 23 (Reuters) - Primark owner Associated British Foods (ABF.L) on Tuesday raised its full-year profit outlook as it reported a 39% jump in first-half profit.
The group, which also owns major sugar, grocery, agriculture and ingredients businesses, said it now expected to deliver "significant growth" in both profitability and cash generation ahead of expectations at the start
ReutersApr 10 2024
News
M&C Saatchi expects 2024 profit to meet forecasts
Signage is seen at the reception of the M&C Saatchi office in central London, Britain, January 6, 2022. REUTERS/Henry Nicholls/File Photo Purchase Licensing Rights New Tab , opens new tab The advertising industry has been grappling with significant cutbacks by tech clients on marketing, while new business wins have been at a slower pace amid cautious customer spending in an uncertain
Reuters