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MoneyGram Q4 Profit Soars
MoneyGram International, Inc. (MGI) reported Friday a net income for the fourth quarter of $21.8 million or $0.22 per share, sharply higher than $4.2 million or $0.04 per share in the prior-year quarter.
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U.S. Personal Income Climbs Less Than Expected In January
A report released by the Commerce Department showed U.S. personal income increased by less than expected in the month of January. The Commerce Department said personal income climbed by 0.6 percent in January after rising by an upwardly revised 0.3 percent in December.
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DOJ Accuses Google Of Deleting Evidence In Antitrust Case
U.S. Justice Department or DOJ has accused Alphabet Inc.'s Google of deleting internal corporate communication that was supposed to serve as evidence in the government's antitrust case against the search business. The Department has asked a Federal judge to hold a hearing and to sanction the company over its intentional and repeated destruction of written communications.
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Icahn Enterprises Q4 Loss Narrows
Icahn Enterprises L.P. (IEP) reported Friday a net loss attributable to Icahn Enterprises for the fourth quarter of $255 million or $0.74 per depositary unit, compared to net income of $396 million or $1.72 per depositary unit in the prior-year quarter.
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German Economy Worse Than Expected Fall In Q4
Germany's economy shrank more than estimated at the end of the year amid fears of another contraction in the first quarter, signaling that hopes of a shallow recession in the biggest euro area economy was premature as high inflation continues to weigh on household spending and investment. Gross domestic product shrank 0.4 percent from the third quarter, when the economy expanded 0.5 percent, deta
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Evergy Guides FY23 In Line With Estimates - Update
While reporting financial results for the fourth quarter on Friday, Evergy, Inc. (EVRG) initiated its earnings and adjusted earnings guidance for the full-year 2023. It also reaffirmed long-term adjusted earnings growth outlook.
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Lamar Advertising Q4 Profit Halves
Billboard firm Lamar Advertising Co. reported on Friday that profit for the fourth quarter nearly halved from last year, hurt by steeply higher depreciation and amortization expenses, despite an 8 percent revenue growth. The company also initiated financial guidance for the full-year 2023.
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Lancaster Table & Seating Brand High Chairs Recalled
Clark Associates is recalling Lancaster Table & Seating Brand high chairs citing fall risks to children, the U.S. Consumer Product Safety Commission said. The recall involves about 22,400 high chairs sold in the United States. In addition, about 52 chairs were sold in Canada.
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Sensex, Nifty Extend Recent Declines As Metal Stocks Drag
Indian shares fell for a sixth consecutive session on Friday, with mixed global cues and a rebound in oil prices keeping investors nervous.
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U.S. Dollar Appreciates Ahead Of PCE Data
The U.S. dollar climbed against its major counterparts in the European session on Friday, as investors awaited the release of U.S. personal consumption expenditures price index, the Fed's preferred gauge of inflation, due out later today.
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Boeing Halts Delivery Of 787 Dreamliners
Boeing Co. temporarily stopped deliveries of its 787 Dreamliners as directed by the Federal Aviation Administration, pending an additional analysis on a fuselage component, reports said. The FAA stated that the company cannot resume deliveries of the plane, which was halted earlier too to a series of manufacturing flaws until the agency is satisfied that the issue has been addressed.
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UK Consumer Confidence Rebounds Strongly - GfK
UK consumer sentiment improved in February from historic lows seen in the previous months to its highest level since April last year, as households were more optimistic about their personal finances and the future economic situation, despite headwinds from rising inflation, survey results from the market research group GfK showed on Friday.
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European Shares Rise On US Economic Optimism
European stocks advanced on Friday as recent strong U.S. data raised hopes a recession can be avoided.
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