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Krugman: U.S. autoworkers strike a blow for economic equality

Published Wed, 12 Feb 2025 18:52:52 GMT

It’s not officially over yet, but the United Auto Workers appear to have won a significant victory. The union, which began rolling strikes on Sept. 15, now has tentative agreements with Ford, Stellantis (which I still think of as Chrysler) and, finally, General Motors.All three agreements involve a roughly 25% wage increase over the next 4 1/2 years, plus other significant concessions. Autoworkers are a much smaller share of the workforce than they were in Detroit’s heyday, but they’re still a significant part of the economy.Furthermore, this apparent union victory follows on significant organized-labor wins in other industries in recent months, notably a big settlement with United Parcel Service, where the Teamsters represent more than 300,000 employees.And maybe, just maybe, union victories in 2023 will prove to be a milestone on the way back to a less unequal nation.Historical contextSome history you should know: Baby boomers like me grew up in a nation that was far less polarize...

Luxury vehicle seized in Vallejo arrest

Published Wed, 12 Feb 2025 18:52:52 GMT

Vallejo officers seized a reportedly stolen sports car earlier this month despite a suspect’s claims that it was “gifted to him by an unknown friend.”Police spotted a man in the yellow 2013 McLaren near the intersection of Amador Street and Nebraska Street on Oct. 19, according to a social media post by the Vallejo Police Department. The family who owned the car said they did not know the suspect and did not authorize him to drive their vehicle.Related ArticlesCrime and Public Safety | Police accuse man of committing lewd acts in Marin County middle school bathroom Crime and Public Safety | DA Pamela Price seeks removal of ‘overly zealous’ lawyer from San Leandro officer’s manslaughter case Crime and Public Safety | After split trial verdict, Oakland man gets 11 years, 8 months in 2019 fatal shooting Crime and Public Safety | East Bay man seeks release in murder of trick-or-treater on Halloween 2007 Cr...

Canada Goose: Fiscal Q2 Earnings Snapshot

Published Wed, 12 Feb 2025 18:52:52 GMT

TORONTO (AP) — TORONTO (AP) — Canada Goose Holdings Inc. (GOOS) on Wednesday reported profit of $2.9 million in its fiscal second quarter.On a per-share basis, the Toronto-based company said it had profit of 3 cents. Earnings, adjusted for non-recurring costs, came to 12 cents per share.The high-end coat maker posted revenue of $209.6 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 GOOS at https://www.zacks.com/ap/GOOSSource

OneSpaWorld: Q3 Earnings Snapshot

Published Wed, 12 Feb 2025 18:52:52 GMT

NASSAU, Bahamas (AP) — NASSAU, Bahamas (AP) — OneSpaWorld Holdings Limited (OSW) on Wednesday reported third-quarter earnings of $23.4 million.On a per-share basis, the Nassau, Bahamas-based company said it had net income of 16 cents. Earnings, adjusted for one-time gains and costs, came to 22 cents per share.The results surpassed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 17 cents per share.The company posted revenue of $216.3 million in the period, also surpassing Street forecasts. Three analysts surveyed by Zacks expected $209.5 million.For the current quarter ending in December, OneSpaWorld said it expects revenue in the range of $193 million to $198 million.The company expects full-year revenue in the range of $792 million to $797 million._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on O...

NiSource: Q3 Earnings Snapshot

Published Wed, 12 Feb 2025 18:52:52 GMT

MERRILLVILLE, Ind. (AP) — MERRILLVILLE, Ind. (AP) — NiSource Inc. (NI) on Wednesday reported profit of $85.1 million in its third quarter.The Merrillville, Indiana-based company said it had profit of 17 cents per share. Earnings, adjusted for non-recurring costs, were 19 cents per share.The energy holding company posted revenue of $1.03 billion in the period.NiSource expects full-year earnings in the range of $1.54 to $1.60 per share._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on NI at https://www.zacks.com/ap/NISource

8 juvenile overdoses reported at one Loudoun Co. high school

Published Wed, 12 Feb 2025 18:52:52 GMT

At least eight opioid-related overdoses have been reported at a high school in Loudoun County, Virginia, in the last three weeks.The Loudoun County Sheriff’s Office is investigating the overdoses reported at Park View High School in Sterling where “four of the overdoses occurred in the school, and of these, three required the administration of Narcan, and two of those required CPR by school personnel.”All of the overdoses can be connected to fentanyl, often found in the form of a fake oxycodone pill which is blue, circular and may be stamped with “M30.” It is also referred to as a “Perc-30.”“LCPS is taking active steps to support our students, families and staff with fentanyl awareness and education, including training and supplying staff in each of our high schools with Naloxone for emergencies,” wrote Loudoun County Public Schools Superintendent Aaron Spence in a statement.Including the reported overdoses at Park View, the county has...

Australian cricketer Maxwell to miss World Cup match with concussion after falling off golf cart

Published Wed, 12 Feb 2025 18:52:52 GMT

GUJARAT, India (AP) — Australian allrounder Glenn Maxwell will miss his team’s Cricket World Cup match against England on Saturday after sustaining a concussion from falling off a golf cart.Cricket Australia said Wednesday that Maxwell was riding on the back of the cart in the dark after a round of golf on Monday when he fell off, suffering a concussion and some facial bruising.Some Australian players had golfed in Gujarat during a week-long break between games. No one else was hurt in the incident.Coach Andrew McDonald said there was nothing untoward about the accident after a team golf tournament on Monday.“Going from the clubhouse to the team bus the guys were ferried on carts. Unfortunately he lost his grip on the way back to the team bus,” said McDonald, who said a number of players jumped on the back of carts because there were not enough for everyone to be seated.Cricket Australia’s concussion protocols will see the allrounder miss Saturday’s game with England in Ahmeda...

Humana: Q3 Earnings Snapshot

Published Wed, 12 Feb 2025 18:52:52 GMT

LOUISVILLE, Ky. (AP) — LOUISVILLE, Ky. (AP) — Humana Inc. (HUM) on Wednesday reported third-quarter earnings of $832 million.The Louisville, Kentucky-based company said it had net income of $6.71 per share. Earnings, adjusted for one-time gains and costs, came to $7.78 per share.The results surpassed Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $7.15 per share.The health insurer posted revenue of $26.42 billion in the period. Its adjusted revenue was $25.53 billion, also topping Street forecasts. Five analysts surveyed by Zacks expected $25.37 billion.Humana expects full-year earnings to be $28.25 per share._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on HUM at https://www.zacks.com/ap/HUMSource

Thomson Reuters: Q3 Earnings Snapshot

Published Wed, 12 Feb 2025 18:52:52 GMT

TORONTO (AP) — TORONTO (AP) — Thomson Reuters Corp. (TRI) on Wednesday reported third-quarter net income of $367 million.The Toronto-based company said it had profit of 80 cents per share. Earnings, adjusted for one-time gains and costs, were 82 cents per share.The results beat Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 68 cents per share.The news and financial information company posted revenue of $1.59 billion in the period, falling short of Street forecasts. Three analysts surveyed by Zacks expected $1.6 billion._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on TRI at https://www.zacks.com/ap/TRISource

Esab: Q3 Earnings Snapshot

Published Wed, 12 Feb 2025 18:52:52 GMT

NORTH BETHESDA, Md. (AP) — NORTH BETHESDA, Md. (AP) — Esab Corp. (ESAB) on Wednesday reported third-quarter profit of $57.6 million.The North Bethesda, Maryland-based company said it had net income of 94 cents per share. Earnings, adjusted for one-time gains and costs, were $1.08 per share.The results exceeded Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 92 cents per share.The maker of welding and cutting equipment posted revenue of $681 million in the period, which also topped Street forecasts. Three analysts surveyed by Zacks expected $630.9 million.Esab expects full-year earnings in the range of $4.30 to $4.40 per share._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ESAB at https://www.zacks.com/ap/ESABSource