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LinkedIn axes 716 jobs in fresh tech cuts, shuts China app

Published Tue, 05 Nov 2024 05:33:44 GMT

LONDON (AP) — Professional networking platform LinkedIn says it’s laying off more than 700 workers and shuttering its China jobs app, in the latest round of tech industry downsizing. LinkedIn blamed “shifts in customer behavior and slower revenue growth” for the cuts, which it announced in a blogpost late Monday. Technology companies have resorted to recurring waves of layoffs over the past year, in new phenomenon to hit the industry that reverses more than a decade of mostly unbridled growth. LinkedIn, which is owned by Microsoft, indicated that the net number of job losses could be less than 500. As part of its strategic shakeup, LinkedIn said it would be “opening up more than 250 new roles” in parts of its operations team as well as new business and account management teams starting on May 15. LinkedIn said it will also shut down its local jobs app for China, InCareer, by August, citing “fierce competition and a challenging macroeconomic climate.” InCareer was launched in 2...

Jacobs Solutions: Fiscal Q2 Earnings Snapshot

Published Tue, 05 Nov 2024 05:33:44 GMT

DALLAS (AP) — DALLAS (AP) — Jacobs Solutions Inc. (J) on Tuesday reported fiscal second-quarter net income of $216.5 million.On a per-share basis, the Dallas-based company said it had profit of $1.70. Earnings, adjusted for one-time gains and costs, were $1.81 per share.The results beat Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $1.78 per share.The construction and technical services company posted revenue of $4.08 billion in the period, which also topped Street forecasts. Four analysts surveyed by Zacks expected $3.99 billion.Jacobs Solutions expects full-year earnings in the range of $7.25 to $7.45 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 J at https://www.zacks.com/ap/JSource

Healthcare Realty Trust: Q1 Earnings Snapshot

Published Tue, 05 Nov 2024 05:33:44 GMT

NASHVILLE, Tenn. (AP) — NASHVILLE, Tenn. (AP) — Healthcare Realty Trust Incorporated (HR) on Tuesday reported a key measure of profitability in its first quarter. The results missed Wall Street expectations.The Nashville, Tennessee-based real estate investment trust said it had funds from operations of $152.8 million, or 40 cents per share, in the period.The average estimate of four analysts surveyed by Zacks Investment Research was for funds from operations of 41 cents per share.Funds from operations is a closely watched measure in the REIT industry. It takes net income and adds back items such as depreciation and amortization.The company said it had a loss of $87.1 million, or 23 cents per share.The medical office building real estate investment trust, based in Nashville, Tennessee, posted revenue of $332.9 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 r...

Press group calls for Israeli accountability in media deaths

Published Tue, 05 Nov 2024 05:33:44 GMT

JERUSALEM (AP) — The Israeli military has systematically evaded accountability in the deaths of 20 journalists over the past two decades, launching slow and opaque investigations that have never resulted in prosecution or punishment, an international press-freedom group said in a report Tuesday.The Committee to Protect Journalists issued its report ahead of the one-year anniversary of the death of Shireen Abu Akleh — a Palestinian-American journalist with the Al Jazeera satellite channel who was killed while covering an Israeli military raid in the occupied West Bank. The army has said Abu Akleh was likely killed by Israeli fire, but said the shooting was accidental and not announced any disciplinary action.“The killing of Shireen Abu Akleh and the failure of the army’s investigative process to hold anyone responsible is not a one-off event,” said Robert Mahoney, CPJ’s director of special projects and one of the report’s editors. “It is part of a pattern of response that seems desig...

Perrigo: Q1 Earnings Snapshot

Published Tue, 05 Nov 2024 05:33:44 GMT

DUBLIN (AP) — DUBLIN (AP) — Perrigo Co. (PRGO) on Tuesday reported a loss of $3 million in its first quarter.On a per-share basis, the Dublin-based company said it had a loss of 2 cents. Earnings, adjusted for one-time gains and costs, were 45 cents per share.The drug company posted revenue of $1.18 billion in the period, surpassing Street forecasts. Three analysts surveyed by Zacks expected $1.16 billion.Perrigo expects full-year earnings in the range of $2.50 to $2.70 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 PRGO at https://www.zacks.com/ap/PRGOSource

Novavax: Q1 Earnings Snapshot

Published Tue, 05 Nov 2024 05:33:44 GMT

GAITHERSBURG, Md. (AP) — GAITHERSBURG, Md. (AP) — Novavax Inc. (NVAX) on Tuesday reported a loss of $293.9 million in its first quarter.The Gaithersburg, Maryland-based company said it had a loss of $3.41 per share.The results fell short of Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for a loss of $3.38 per share.The vaccine maker posted revenue of $81 million in the period, also missing Street forecasts. Five analysts surveyed by Zacks expected $137.2 million.Novavax expects full-year revenue in the range of $1.4 billion to $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 NVAX at https://www.zacks.com/ap/NVAXSource

Clear Secure: Q1 Earnings Snapshot

Published Tue, 05 Nov 2024 05:33:44 GMT

NEW YORK (AP) — NEW YORK (AP) — Clear Secure Inc. (YOU) on Tuesday reported a loss of $5.2 million in its first quarter.The New York-based company said it had a loss of 6 cents per share. Earnings, adjusted for one-time gains and costs, were 6 cents per share.The airport security company posted revenue of $132.4 million in the period.For the current quarter ending in June, Clear Secure said it expects revenue in the range of $139 million to $141 million._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on YOU at https://www.zacks.com/ap/YOUSource

Biden pide un “trato justo” para los escritores y guionistas mientras continúa la huelga de trabajadores de ese sector

Published Tue, 05 Nov 2024 05:33:44 GMT

(CNN) — El presidente de Estados Unidos, Joe Biden, pidió este lunes a los principales estudios que lleguen a un “acuerdo justo” para los escritores en huelga que han exigido cambios en sus contratos.Biden hizo los comentarios mientras celebraba el Mes de la Herencia de los asiáticoestadounidenses, nativos hawaianos e isleños del Pacífico en la Casa Blanca con una proyección repleta de estrellas de “American Born Chinese”, un programa que se estrenará más adelante este mes.“Noches como estas son un recordatorio del poder de las historias y la importancia de tratar a los narradores con dignidad, respeto y el valor que merecen”, dijo Biden. “Espero sinceramente que la huelga de escritores en Hollywood se resuelva y que los escritores reciban el trato justo que merecen lo antes posible”.El mandatario llamó a la industria cinematográfica de Hollywood “icónica” y “significativa”, y agregó que “necesitamos a los escritores, a todos los trabajadores y a todos los involucrados para co...

Choice Hotels: Q1 Earnings Snapshot

Published Tue, 05 Nov 2024 05:33:44 GMT

ROCKVILLE, Md. (AP) — ROCKVILLE, Md. (AP) — Choice Hotels International Inc. (CHH) on Tuesday reported first-quarter profit of $52.8 million.On a per-share basis, the Rockville, Maryland-based company said it had profit of $1.02. Earnings, adjusted for non-recurring costs, came to $1.12 per share.The results beat Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $1.08 per share.The hotel franchiser posted revenue of $332.8 million in the period, also topping Street forecasts. Six analysts surveyed by Zacks expected $317.2 million._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CHH at https://www.zacks.com/ap/CHHSource

Aramark: Fiscal Q2 Earnings Snapshot

Published Tue, 05 Nov 2024 05:33:44 GMT

PHILADELPHIA (AP) — PHILADELPHIA (AP) — Aramark Holdings Corp. (ARMK) on Tuesday reported fiscal second-quarter earnings of $56 million.On a per-share basis, the Philadelphia-based company said it had net income of 21 cents. Earnings, adjusted for one-time gains and costs, were 28 cents per share.The results beat Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 26 cents per share.The provider of food, facilities and uniform services posted revenue of $4.6 billion in the period, also beating Street forecasts. Five analysts surveyed by Zacks expected $4.39 billion.Aramark shares have declined 17% since the beginning of the year. The stock has declined roughly 5% 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 ARMK at https://www.zacks.com/ap/ARMKSource