By Laila Bassam and Maya Gebeily BEIRUT (Reuters) – The mayor of a major town in south Lebanon was among 16 people killed when an Israeli airstrike destroyed its municipal headquarters in the biggest attack on an official Lebanese state building since the Israeli air campaign began. Lebanese officials denounced the incident, which also wounded more than 50 people in Nabatieh, a provincial capital, saying it was proof that Israel’s campaign against the Hezbollah armed group was now shifting to target the Lebanese state. The Israelis “intentionally targeted a meeting of the municipal council to discuss the city’s service and…
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Vietnamese airlines are set to spend tens of millions of dollars on carbon credits. Photo: HH Vietnamese airlines are facing millions of dollars in costs to purchase carbon credits, with concerns that this could lead to an increase in airfare. This comes as part of the country’s participation in the Carbon Offsetting and Reduction Scheme for International Aviation (Corsia), a program aimed at reducing the aviation industry’s environmental impact. Vietnam’s airlines voluntarily join Corsia in 2026 According to the Civil Aviation Authority of Vietnam (CAAV), Corsia will have a direct impact on Vietnamese airlines, including both its voluntary and mandatory…
Small-cap benchmark closes at highest level since 2021The Russell 2000 outperformed on Wednesday, notching its highest closing level in nearly three years.The small-cap benchmark added 1.64%, posting its fourth straight winning session and its highest close since November 2021.These smaller names are expected to put on a strong showing as the Federal Reserve lowers interest rates. These companies, which are sensitive to economic cycles, tend to rely on financing, and lower rates would reduce their borrowing costs.Stock Chart IconStock chart iconThe Russell 2000 over the past five trading days”With the growth outlook recently improving – underpinned by better-than-feared labor market…
Rocket Lab USA, Inc. (RKLB), a leader in small satellite launch services, has seen its stock soar by more than 180% over the past six months. This dramatic rise was driven by several key developments in both its contract wins and advancements in the space sector. As the company enters its next growth phase, investors are wondering whether there’s still room to grow or if the stock has reached a peak after this recent rally. On the one hand, Rocket Lab’s proven track record and leadership in the small launch market position it as a pivotal player in the expanding…
Alcoa Corp (NYSE:) reported third-quarter earnings that surpassed analyst estimates, sending its shares up 5.4% in after-hours trading. The producer’s results were boosted by higher alumina prices and lower raw material costs. Alcoa posted adjusted earnings per share of $0.57 for the third quarter, significantly beating the analyst consensus of $0.28. Revenue came in at $2.9 billion, slightly below the $2.97 billion estimate but flat compared to the previous quarter. The company’s revenue increased 11.6% YoY from $2.6 billion in the same quarter last year. The aluminum giant’s net income rose to $90 million, or $0.38 per share, up from…
By Dietrich Knauth NEW YORK (Reuters) – The Roman Catholic Archdiocese of Los Angeles has agreed to pay $880 million to 1,353 people who alleged that they were sexually abused as children by Catholic priests, in the largest settlement by a U.S. diocese over decades-old abuse claims. Archbishop Jose H. Gomez expressed sorrow for the abuse in announcing the settlement on Wednesday. “I am sorry for every one of these incidents, from the bottom of my heart,” Gomez said in a statement. “My hope is that this settlement will provide some measure of healing for what these men and women…
Bladen County has announced that it has been barred from investing into the Elizabethtown Industrial Park by the town after plans for a development significantly changed. Source link
LEHI, Utah–(BUSINESS WIRE)–Weave (NYSE: WEAV), a leading all-in-one customer experience software and payments platform for small and medium-sized healthcare businesses, today announced it will release its financial results for the third quarter 2024 after U.S. markets close on Wednesday, October 30, 2024. Company management will host a conference call and webcast at 4:30 p.m. ET to discuss Weave’s financial results and provide a business update. Individuals interested in listening to the conference call may do so by dialing (862) 298-0702 or toll-free at (888) 645-4404. The live webcast and a webcast replay of the conference call can be accessed from…
TAIPEI (Reuters) – Taiwan Semiconductor Manufacturing Co, the dominant producer of advanced chips used in artificial intelligence applications, is expected to report a 42% leap in third-quarter profit on Thursday thanks to soaring demand.The world’s largest contract chipmaker, whose customers include Apple and Nvidia, has benefited from a surge towards AI across a spectrum of industries.TSMC is set to report a net profit of T$300.1 billion ($9.33 billion) for the quarter ended Sept. 30, according to an LSEG SmartEstimate drawn from 23 analysts. SmartEstimates give greater weighting to forecasts from analysts who are more consistently accurate.That estimate compares to the…
Malik Fady Ibraham, Executive Vice President of Research & Development at Cytokinetics Inc. (NASDAQ:), reported significant stock transactions according to a recent SEC filing. On October 15, Ibraham sold a total of 7,300 shares of Cytokinetics common stock, fetching between $54.18 and $54.20 per share. These sales amounted to a total of $395,554. In the same filing, Ibraham reported acquiring 5,300 shares through the exercise of stock options at a price of $7.96 per share, bringing the total value of these acquisitions to $42,188. Following these transactions, Ibraham holds 116,920 shares of Cytokinetics common stock. In other recent news, Cytokinetics…