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Business Highlights: UAW strike expands to GM plant in Texas; Big profits lift Wall Street

Published Tue, 05 Nov 2024 05:43:11 GMT

___UAW strikes at General Motors plant in Texas as union goes after automakers’ cash cowsDETROIT (AP) — First it was Ford, then Stellantis, and now a General Motors factory has been added to the growing list of highly profitable plants where the United Auto Workers union is on strike. On Tuesday, about 5,000 workers walked out at GM’s factory in Arlington, Texas, that makes big, high margin SUVs such as the Chevrolet Tahoe and Cadillac Escalade. The strikes in Texas, as well as at the largest Ford factory in the world in Louisville, Kentucky, and a Stellantis plant that makes lucrative Ram pickups in Michigan, are aimed at getting the companies to capitulate to union demands for richer wages and benefits than the automakers so far have offered. Automakers say they won’t stick themselves with costs that could make their vehicles more expensive than competitors.___Stock market today: Wall Street rises after corporate profits top forecasts and oil prices sink moreNEW YORK (AP) — Wall S...

First Busey: Q3 Earnings Snapshot

Published Tue, 05 Nov 2024 05:43:11 GMT

CHAMPAIGN, Ill. (AP) — CHAMPAIGN, Ill. (AP) — First Busey Corp. (BUSE) on Tuesday reported third-quarter profit of $30.7 million.The bank, based in Champaign, Illinois, said it had earnings of 54 cents per share. Earnings, adjusted for non-recurring costs, were 55 cents per share.The results topped Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 51 cents per share.The bank holding company posted revenue of $153.7 million in the period. Its revenue net of interest expense was $108.8 million, also exceeding Street forecasts.First Busey shares have declined 24% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $18.68, a decline of 22% in the last 12 months._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on BUSE at https://www.zacks.com/ap/BUSESource

Hurricane Otis rapidly strengthens off Mexico’s Pacific coast as it heads toward Acapulco

Published Tue, 05 Nov 2024 05:43:11 GMT

MEXICO CITY (AP) — Hurricane Otis strengthened from tropical storm to a major hurricane in a matter of hours Tuesday as it approached Mexico’s southern Pacific coast where it was forecast to make landfall near the resort of Acapulco early Wednesday.The U.S. National Hurricane Center said that Otis was about 115 miles (185 kilometers) south-southeast of Acapulco on Tuesday with Category 3 winds of 125 mph (205 kph). It was moving north-northwest at 8 mph (13 kph). The center said Otis would continue strengthening as it approached the coast.There was a hurricane warning in effect from Punta Maldonado to Zihuatanejo.Otis was expected to dump five to 10 inches of rain on the southern state of Guerrero with as much as 15 inches possible in some areas. That raised the possibility of mudslides in Guerrero’s steep mountainous terrain.In the Atlantic, Hurricane Tammy continued moving northeastward over open water with winds of 75 mph (120 kph) after sweeping through the Lesser Antilles over ...

Weatherford: Q3 Earnings Snapshot

Published Tue, 05 Nov 2024 05:43:11 GMT

HOUSTON (AP) — HOUSTON (AP) — Weatherford International Inc. (WFRD) on Tuesday reported third-quarter profit of $123 million.On a per-share basis, the Houston-based company said it had net income of $1.66.The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.15 per share.The oilfield service company posted revenue of $1.31 billion in the period, which also beat Street forecasts. Three analysts surveyed by Zacks expected $1.29 billion._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on WFRD at https://www.zacks.com/ap/WFRDSource

Maguire scores and Onana saves late penalty as Man United earns vital win in Champions League

Published Tue, 05 Nov 2024 05:43:11 GMT

MANCHESTER, England (AP) — Harry Maguire scored a 72nd-minute goal and Andre Onana saved a penalty off the last kick of the game as Manchester United earned a crucial 1-0 win over FC Copenhagen to ignite its qualification hopes in the Champions League on Tuesday.There were boos inside Old Trafford at halftime of the first match at the stadium since the death of Bobby Charlton on Saturday, with United’s players unable to use emotions stirred by the memory of the club great to make any headway against the group outsiders from Denmark.The jeers turned to cheers for Maguire when the oft-maligned center back headed home a cross from substitute Christian Eriksen.Onana, another player under pressure in the early stage of this season, preserved the win by clawing away Jordan Larsson’s penalty in the seventh minute of stoppage time in a dramatic finish to an emotional evening.After back-to-back losses to open Group A, this was a huge win for Erik ten Hag’s team ahead of the return match agai...

Encore Wire: Q3 Earnings Snapshot

Published Tue, 05 Nov 2024 05:43:11 GMT

MCKINNEY, Texas (AP) — MCKINNEY, Texas (AP) — Encore Wire Corp. (WIRE) on Tuesday reported profit of $82.1 million in its third quarter.The McKinney, Texas-based company said it had net income of $4.82 per share.The copper wire maker posted revenue of $637 million 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 WIRE at https://www.zacks.com/ap/WIRESource

Denver to clear homeless camp downtown, relocate residents

Published Tue, 05 Nov 2024 05:43:11 GMT

DENVER (KDVR) -- Denver will soon close a second encampment as part of Mayor Mike Johnston's plan to combat homelessness, according to a release Tuesday.The city said it will keep information on the date of relocation or where residents will be relocated "confidential for the time being," for safety and privacy reasons. After homeless sweeps, who gets shelter? The move is part of Johnston's plan to house 1,000 unhoused people by the end of 2023. Downtown Denver encampment to closeAccording to the city, an encampment near 21st and Curtis streets downtown will be targeted for closure, and the city estimated that around 50 residents will be relocated.City outreach teams connected with homeless residents at the encampment to identify people for relocation. The city also said it had begun providing services to people at the encampment, including portable restrooms, hand washing stations and trash removal.On move-in day, the people identified by the city will be taken to shelter accommo...

There is another Sanders at CU: Deion's daughter, Shelomi, plays hoops and goes by 'Bossy'

Published Tue, 05 Nov 2024 05:43:11 GMT

BOULDER, Colo. (AP) -- When Deion Sanders arrived in Boulder to resurrect Colorado's slumbering football program he not only brought his sons Sheduer, a star quarterback, and Shilo, a star safety, but also his youngest child, Shelomi, a redshirt freshman point guard on the women's basketball team.Shelomi goes by the nickname “Bossy,” a nod to the piloting personality she developed while growing up in a household full of ultra-competitive athletes and a famous father. Buffs coach Deion Sanders talks UCLA game after bye week “Bossy?” women's hoops coach J.R. Payne asked. "Well, she hasn't been really bossy with us. But Shelomi is doing great. Shelomi came in the middle of the year last year, which is always difficult to transfer from one program to another. And the team loved her immediately. She's got a great personality. She works hard. She brings life to the party on a daily basis, so to speak.”So, she's got some of her father's charisma.“I just give out energy and you know, I’m ...

'I'm a fan of Kenan': Deion Sanders laughs about 'SNL' portrayal

Published Tue, 05 Nov 2024 05:43:11 GMT

DENVER (KDVR) -- Coach Deion Sanders of the University of Colorado Buffaloes has seen, and enjoyed, a recent "Saturday Night Live" sketch imitating the indomitable coach. Sanders' style and unique press conference answers fueled the late-night sketch, where Kenan Thompson attempted to capture the coach and NFL legend's spirit while talking about the team, race and Colorado's population to Colin Jost. What you need to know about the Nuggets ring and banner celebration Sanders, through smiles and chuckles, told reporters at his weekly news conference that he respects and loves Thompson. "I'm a fan of Kenan," Sanders said. "I love him, I love what he's brought to comedy over, what, over — it's gotta be over several decades now."In the Oct. 15 sketch, Thompson, dressed in head-to-toe CU Buffs gear (similarly to how Sanders usually dresses), chattered about the Buffs winning streak (currently 4-3) and divine intervention leading him to Colorado. Thompson poked fun at Sanders' persisten...

Colorado joins states suing Meta, claiming social platforms harmful to kids

Published Tue, 05 Nov 2024 05:43:11 GMT

Dozens of U.S. states, including Colorado, California and New York, are suing Meta Platforms Inc., alleging it harmed young people’s mental health and contributed to the youth mental health crisis by knowingly and deliberately designing features on Instagram and Facebook that addict children to its platforms.A lawsuit filed by 33 states in federal court in California, claims that Meta routinely collects data on children under 13 without their parents’ consent, in violation of federal law. In addition, nine attorneys general are filing lawsuits in their respective states, bringing the total number of states taking action to 41 and Washington, D.C.“Meta has harnessed powerful and unprecedented technologies to entice, engage, and ultimately ensnare youth and teens. Its motive is profit, and in seeking to maximize its financial gains, Meta has repeatedly misled the public about the substantial dangers of its social media platforms,” the complaint says. “It has concealed the ways in whic...