General Electric (NYSE: GE) CEO Larry Culp gave some investor presentations recently and what he said helped investors think about the investment opportunity over the long term. Indeed, Culp has referenced a figure of $7 billion as an initial target. Culp believes GE is on track to generate around $7 billion in FCF by 2023 due to a combination of revenue of $85 billion to $90 billion with a high-single-digit FCF margin.
Airbus posted weaker than expected first-quarter operating profit and cashflow partly after hiring more staff to prepare for rising demand, but reaffirmed its financial goals for 2024 after a nervous start to the year on industrial costs. Airbus reported 577 million euros ($618.37 million) in adjusted operating profit, down 25% on the year, revenue of 12.83 billion euros and a free cash outflow of 1.8 billion euros. "Geopolitical and supply chain tensions continue," Airbus CEO Guillaume Faury said in a results statement, adding the operating environment "shows no sign of improvement".
Lorna Slater said ‘we no longer have confidence in a progressive government’.
Bridgerton star Jonathan Bailey will make a cameo appearance as Jack Maddox.
EDMONTON — Despite some ugly early-series numbers, Edmonton Oilers goaltender Stuart Skinner still has the faith of his coach. Skinner gave up three goals on the first seven shots he faced in Wednesday's Game 2 loss to the Los Angeles Kings. The Oilers rallied before losing 5-4 in overtime on a breakaway goal from Anze Kopitar. The Western Conference first round series is tied 1-1, but Skinner has a wobbly .857 save percentage through the first two games. Skinner’s play through the first two gam
After intermittent closures throughout the Fall, the Youth Centre run by the Valemount V-Crew Youth Network re-opened its doors last Wednesday. The centre, in the basement of 98 Elm Street, now has drop-in hours four days a week: from 4:00-8:00 p.m. on Wednesdays and Thursdays, and 5:00-10:00 p.m. on Fridays and Saturdays. The Network’s recently-hired youth coordinator, Courtney Rupertus, told The Goat she looks forward to having the centre open on a regular basis so kids aged 12 to 18 have a pl
National Hockey League (NHL) and its digital broadcast rights owner Rogers Communications on Thursday signed a deal to stream the hockey tournament's next two seasons exclusively on Amazon.com's Prime Video for Canadian audiences. Amazon Prime subscribers in Canada will be able to access the broadcasts along with match analyses and coverage, according to a joint statement by Rogers and the NHL. Financial details of the two-year deal were not disclosed.
Under the gaze of the world’s media, the fragile lagoon city of Venice launches a pilot program Thursday to charge day-trippers a 5-euro (around $5.35) entry fee that authorities hope will discourage visitors from arriving on peak days and make the city more liveable for its dwindling residents. Associated Press reporter Colleen Barry explains the process. (AP Video shot by Paolo Santalucia)
This brings up Toyota's total investment in Indiana to $8 billion and adds up to 340 new jobs at the Japanese automaker. The latest investment comes after the company had said in February it would invest $1.3 billion at its Kentucky facility for electrification efforts, including assembly of a new, three-row battery electric SUV for the U.S. market. Toyota's Indiana facility is home to more than 7,500 team members who assemble its popular models such as Sienna vans, Highlander, Grand Highlander and the Lexus TX.
The books will be released sequentially, starting with Harry Potter and the Philosopher’s Stone, with a full cast of yet-to-be-named actors and a ‘groundbreaking new soundscape’
A top US bank regulator opted not to consider new policies that would have imposed stricter oversight on asset managers with sizeable investments in banks like Blackrock and Vanguard, even as agency officials agreed the matter merited more attention. The Federal Deposit Insurance Corporation postponed votes on two competing plans that would have given the agency more power to scrutinize asset managers after it was clear neither had the majority backing of the five-member board. "If these fund complexes are using their purportedly passive investment funds to push social policy, to influence bank policy, there's a real significant issue here," said FDIC board member Jonathan McKernan at the agency's public board meeting on Thursday.
Two police officers denied assaulting a 93-year-old disabled man with dementia after a court heard they used a taser, pepper spray and baton on him. Donald Burgess, 93, had dementia and lived in a care home. After a report of a resident wielding a knife and threatening staff in June 2022, PC Stephen Smith and PC Rachel Comotto attended the care home in St Leonards-on-Sea, East Sussex.
The last original member of The Moody Blues has died. Mike Pinder follows singer and guitarist Denny Laine, who died in Florida last winter.
TORONTO — Rogers Communications and the NHL have reached an exclusive agreement with Amazon's Prime Video to carry Monday regular-season games in Canada for the next two seasons. Rogers and the league said in a joint statement Thursday that "Prime Monday Night Hockey" will stream all national regular season Monday night NHL games in English for the 2024-25 and 2025-26 NHL seasons. It marks the NHL's first exclusive broadcast deal with a digital-only streaming service in Canada. The package will
The move would be a much-needed boost for the London Stock Exchange, which has struggled for new listings this year
Javed Nouri claimed he warned police that asylum seeker Alid was routinely carrying a knife, but police said this was not reported.
Hilton has launched a £40 zero waste menu including potato peel risotto and desserts made from buffet scraps.
Champions up next in title race
TikTok owner ByteDance would prefer shutting down its loss-making app rather than sell it if the Chinese company exhausts all legal options to fight legislation to ban the platform from app stores in the U.S., four sources said. The algorithms TikTok relies on for its operations are deemed core to ByteDance overall operations, which would make a sale of the app with algorithms highly unlikely, said the sources close to the parent. TikTok accounts for a small share of ByteDance's total revenues and daily active users, so the parent would rather have the app shut down in the U.S. in a worst case scenario than sell it to a potential American buyer, they said.
Lithia Motors, Inc. (NYSE:LAD) Q1 2024 Earnings Call Transcript April 24, 2024 Lithia Motors, Inc. isn’t one of the 30 most popular stocks among hedge funds at the end of the third quarter (see the details here). Operator: Greetings, and welcome to Lithia Motors First Quarter 2024 Earnings Conference Call. At this time, all participants […]
Thunder Bay will see $2.1 million of a $4.4-million investment by the province that will fund 35 projects — 24 of them exploring for critical minerals. This week, Mines Minister George Pirie visited the Ontario Prospectors Exploration Showcase, which took place at the Valhalla Inn, to make the announcement. The funding comes from the Ontario Junior Exploration Program and is part of the province's critical minerals strategy. The showcase featured more than 30 speakers and 50 exhibitors consistin
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