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Inside the Campaign That Put an Oil Boss in Charge of a Climate Summit

Published Mon, 16 Dec 2024 11:12:00 GMT

John Kerry looked on from the front row as Sultan Al Jaber of the United Arab Emirates took to the stage in Abu Dhabi in January. Next to Kerry on the plush white chairs reserved for VIPs were senior figures from the Emirati, British, and U.S. governments. It was Al Jaber’s first public appearance since being appointed president of this year’s Conference of the Parties, COP28, the United Nations annual climate summit.Al Jaber wore a sage green kandura, round glasses, and a white headdress. He spoke slowly and deliberately, laying out his vision for COP28, which will be held in the UAE in December. But his assured manner belied the barrage of criticism he was facing in the press.Al Jaber is not just this year’s COP president. He also heads the Abu Dhabi National Oil Company, known as Adnoc. It is the first time any CEO, let alone one from the fossil fuel industry, has been COP president. The announcement was met with fury from climate activists. Kerry, meanwhile, the U.S. special pre...

Japan’s top court strikes down required sterilization surgery to officially change gender

Published Mon, 16 Dec 2024 11:12:00 GMT

TOKYO (AP) — Japan’s Supreme Court on Wednesday ruled that a law requiring transgender people to undergo sterilization surgery in order to officially change their gender is unconstitutional.The decision by the top court’s 15-judge Grand Bench was its first on the constitutionality of Japan’s 2003 law requiring the removal of sex organs for a state-recognized gender change, a practice long criticized by international rights and medical groups.The decision, which requires the government to reconsider the law, is a first step toward allowing transgender people to change their identity in official documents without getting sterilized. But it was not a full victory because the Supreme Court sent the case back to the high court to further examine the requirement for gender-affirmation surgery.The case was filed in 2020 by a claimant whose request for a gender change in her family registry — to female from assigned male at birth — was turned down by lower courts.The decision comes at a tim...

Blackstone Mortgage: Q3 Earnings Snapshot

Published Mon, 16 Dec 2024 11:12:00 GMT

NEW YORK (AP) — NEW YORK (AP) — Blackstone Mortgage Trust Inc. (BXMT) on Wednesday reported third-quarter net income of $29.5 million.On a per-share basis, the New York-based company said it had profit of 17 cents. Earnings, adjusted for non-recurring costs and stock option expense, were 78 cents per share.The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 72 cents per share.The real estate finance company posted revenue of $519.3 million in the period. Its adjusted revenue was $165.4 million.Blackstone Mortgage shares have declined 5% since the beginning of the year. The stock has dropped 11% 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 BXMT at https://www.zacks.com/ap/BXMTSource

Alkermes: Q3 Earnings Snapshot

Published Mon, 16 Dec 2024 11:12:00 GMT

DUBLIN (AP) — DUBLIN (AP) — Alkermes PLC (ALKS) on Wednesday reported third-quarter net income of $47.8 million, after reporting a loss in the same period a year earlier.On a per-share basis, the Dublin-based company said it had profit of 28 cents. Earnings, adjusted for non-recurring costs and stock option expense, were 64 cents per share.The results topped Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 44 cents per share.The drugmaker posted revenue of $380.9 million in the period, also topping Street forecasts. Six analysts surveyed by Zacks expected $366.2 million.Alkermes shares have fallen 3% since the beginning of the year. The stock has increased 14% 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 ALKS at https://www.zacks.com/ap/ALKSSource

Penske: Q3 Earnings Snapshot

Published Mon, 16 Dec 2024 11:12:00 GMT

BLOOMFIELD HILLS, Mich. (AP) — BLOOMFIELD HILLS, Mich. (AP) — Penske Automotive Group Inc. (PAG) on Wednesday reported third-quarter earnings of $263.4 million.The Bloomfield Hills, Michigan-based company said it had net income of $3.92 per share. Earnings, adjusted for non-recurring gains, came to $3.90 per share.The results missed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $4.04 per share.The auto dealership chain posted revenue of $7.45 billion in the period, meeting Street forecasts._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on PAG at https://www.zacks.com/ap/PAGSource

Mr Cooper: Q3 Earnings Snapshot

Published Mon, 16 Dec 2024 11:12:00 GMT

COPPELL, Texas (AP) — COPPELL, Texas (AP) — Mr. Cooper Group Inc. (COOP) on Wednesday reported third-quarter net income of $275 million.On a per-share basis, the Coppell, Texas-based company said it had net income of $4.06. Earnings, adjusted for non-recurring gains, came to $2.79 per share.The results topped Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.73 per share.The reinsurance company posted revenue of $574 million in the period, also exceeding Street forecasts. Three analysts surveyed by Zacks expected $428 million._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on COOP at https://www.zacks.com/ap/COOPSource

Stifel: Q3 Earnings Snapshot

Published Mon, 16 Dec 2024 11:12:00 GMT

ST. LOUIS (AP) — ST. LOUIS (AP) — Stifel Financial Corp. (SF) on Wednesday reported net income of $68.2 million in its third quarter.The company, based in St. Louis, said it had earnings of 52 cents per share. Earnings, adjusted for one-time gains and costs, were 60 cents per share.The brokerage and investment banking firm posted revenue of $1.05 billion in the period. Its revenue net of interest expense was $1.05 billion, surpassing Street forecasts._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SF at https://www.zacks.com/ap/SFSource

Australia’s state visit will feature talk of submarines and tech partnerships and a lavish dinner

Published Mon, 16 Dec 2024 11:12:00 GMT

WASHINGTON (AP) — President Joe Biden is pressing forward with this week’s state visit from Australian Prime Minister Anthony Albanese, carving out time to nurture the relationship with a critical U.S. ally in the Pacific against the backdrop of escalating fighting between Israel and Hamas. The state visit, only the fourth since Biden took office, is a reminder of how he’s pursuing long-term plans to counter China’s influence even as bloody conflicts in the Middle East and Europe, where the Russian invasion of Ukraine continues after almost two years, remain the most immediate concerns. Senior administration officials said Biden and Albanese would be focused on innovative partnerships intended to support economic development among Pacific island nations, a key arena as the U.S. seeks the upper hand in the region.The U.S. and Australia plan to work together on building maritime infrastructure and laying undersea cables to strengthen internet connectivity, according ...

Old Dominion: Q3 Earnings Snapshot

Published Mon, 16 Dec 2024 11:12:00 GMT

THOMASVILLE, N.C. (AP) — THOMASVILLE, N.C. (AP) — Old Dominion Freight Line Inc. (ODFL) on Wednesday reported third-quarter net income of $339.3 million.The Thomasville, North Carolina-based company said it had profit of $3.09 per share.The results topped Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $2.89 per share.The trucking company posted revenue of $1.52 billion in the period, which also topped Street forecasts. Six analysts surveyed by Zacks expected $1.49 billion._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ODFL at https://www.zacks.com/ap/ODFLSource

T-Mobile: Q3 Earnings Snapshot

Published Mon, 16 Dec 2024 11:12:00 GMT

BELLEVUE, Wash. (AP) — BELLEVUE, Wash. (AP) — T-Mobile US Inc. (TMUS) on Wednesday reported third-quarter earnings of $2.14 billion.The Bellevue, Washington-based company said it had profit of $1.82 per share.The results topped Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $1.75 per share.The wireless carrier posted revenue of $19.25 billion in the period, which missed Street forecasts. Seven analysts surveyed by Zacks expected $19.35 billion._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on TMUS at https://www.zacks.com/ap/TMUSSource