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Strikes trim GM profit in an otherwise strong quarter; more losses anticipated if picketing spreads

Published Tue, 05 Nov 2024 14:46:12 GMT

DETROIT (AP) — A strike by auto workers against General Motors is expected to cut pretax earnings by $800 million this year, and another $200 million per week after that, the company’s chief financial officer said.And those figures include only factories that are on strike now with less than a third of the company’s workforce on the picket lines, so if more plants are added by the United Auto Workers union, the losses will pile up further, CFO Paul Jacobson told reporters.Those strike are already taking a toll. GM on Tuesday posted net income of more than $3 billion from July through September, down 7% from the same period last year due to lost production from the strike, and also increased warranty costs, Jacobson said. The company also withdrew its previous full-year pretax earnings estimates, citing uncertainty over the length of the strike and how many factories would be shut downHowever, excluding one-time items, GM said made $2.28 per share, handily beating Wall St...

Beltway sniper Lee Boyd Malvo could return to Montgomery Co. courtroom for resentencing

Published Tue, 05 Nov 2024 14:46:12 GMT

FILE - This photo provided by the Virginia Department of Corrections shows Lee Boyd Malvo. Maryland’s highest court will reconsider the case of Malvo, who is serving life without parole for sniper attacks that terrorized the Washington, D.C., region in 2002. At issue is whether Maryland's new law abolishing life without parole for crimes by youths should be extended to people already serving such sentences. (Virginia Department of Corrections via AP) FILE - This photo provided by the Virginia Department of Corrections shows Lee Boyd Malvo. Maryland’s highest court will reconsider the case of Malvo, who is serving life without parole for sniper attacks that terrorized the Washington, D.C., region in 2002. At issue is whether Maryland's new law abolishing life ...

Gatx: Q3 Earnings Snapshot

Published Tue, 05 Nov 2024 14:46:12 GMT

CHICAGO (AP) — CHICAGO (AP) — Gatx Corp. (GATX) on Tuesday reported earnings of $52.5 million in its third quarter.On a per-share basis, the Chicago-based company said it had net income of $1.44.The equipment finance company posted revenue of $360.1 million in the period.Gatx expects full-year earnings in the range of $6.50 to $6.90 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 GATX at https://www.zacks.com/ap/GATXSource

Jenna Ellis pleads guilty in Georgia election interference case

Published Tue, 05 Nov 2024 14:46:12 GMT

Jenna Ellis reached a plea agreement with prosecutors in the Georgia 2020 election interference case Tuesday, becoming the third former Trump campaign attorney to do so.Ellis, who once described herself as part of an “elite strike force team” of attorneys pursuing unfounded claims of election fraud, pleaded guilty to one count of aiding and abetting false statements and writings."If I knew then what I know now, I would have declined to represent Donald Trump in these post-election challenges,” a tearful Ellis told the judge.Like the others who took plea deals, Ellis agreed to testify truthfully against her co-defendants, including Trump.She was sentenced to five years of probation, 100 hours of community service and ordered to pay $5,000 in restitution and write a letter of apology to Georgia citizens.“How do you plead to aiding and abetting false statements and writings,” Fulton County prosecutor Daysha Young asked.“Guilty,” Ellis responded.Fulton County District Attorney Fani...

Hollywood firefighter returns home after aiding Israel

Published Tue, 05 Nov 2024 14:46:12 GMT

Hollywood firefighter Anthony Vera received a heartwarming welcome on Tuesday morning as he returned from a two-week stint volunteering in Israel to aid in the ongoing conflict. Colleagues and friends gathered at Miami International Airport to greet Vera, capturing the emotional reunion on video.Vera’s volunteer mission took him to Israel as part of the Emergency Volunteer Project (EVP). He shared insights into his overseas experience, highlighting the unique challenges faced by Israeli firefighters, many of whom are also soldiers deployed in the war against Hamas.“It’s difficult over there because, one minute you’re fighting fire, the other minute, a siren sounds,” said Vera. “If there’s a rocket overnight, you gotta duck. I went over there to help out, knowing what they’ve been through. It’s basically they’re 9/11. So we appreciate any outside help that we get and we help them now.” He says he was driver by his desi...

SWAT situation in Parkland leads to arrest

Published Tue, 05 Nov 2024 14:46:12 GMT

The Federal Bureau of Investigation (FBI) arrested one person after they conducted court-ordered law enforcement activity in Parkland.According to a tweet from @FBIMiami, agents are in the vicinity of the 7200 block of Northwest 68th Drive. The public was urged to avoid the area but the situation has since been resolved.Authorities took one person into custody. Officials did not give more information, but 7News will recieve more details as they become available.Please check back on WSVN.com and 7News for more details on this developing story.

1 dead in shooting at Lauderdale Lakes strip mall

Published Tue, 05 Nov 2024 14:46:12 GMT

Law enforcement officers are investigating after one person was shot and killed at a strip mall in Lauderdale Lakes. The incident occurred just after 7 p.m. Monday, along the 4300 block of North State Road 7 when Broward Sheriff’s Office (BSO) deputies responded to the scene. According to officials, deputies found a man who sustained a gunshot wound. Broward Sheriff’s Fire Rescue paramedics pronounced the man dead on the scene. BSO’s Homicide Unit is now investigating this incident. If you have any information on this crime, call Broward County Crime Stoppers at 954-493-TIPS. Remember, you can always remain anonymous, and you may be eligible for a reward of up to $5,000.

Putin’s not dying, Kremlin says

Published Tue, 05 Nov 2024 14:46:12 GMT

The Kremlin has brushed off claims that Russian President Vladimir Putin is ill, after speculative media reports that he’d suffered a cardiac arrest. Kremlin spokesperson Dmitry Peskov also dismissed speculation that Putin has used body doubles to cover for him in public appearances.“Talk of Vladimir Putin’s health problems is another canard,” Peskov said, according to Russian state-owned news agency Ria.ru, adding that “everything is fine with him.”Reports, sourced to Telegram channel SVR General which has spread conspiracy theories about Putin’s health and public appearances, were published Monday in multiple British newspapers including the Daily Mirror and Daily Express. Putin — who has been waging a full-scale invasion against Ukraine since February 2022 — has appeared at meetings inside and outside of Russia in the past week, including at a two-day forum in Beijing which marked the 10th anniversary of the Chinese Belt and Road Initiative. On...

Healey: ‘Poor Judgment’ Of Baker Admin Kept GLX Issues Shrouded

Published Tue, 05 Nov 2024 14:46:12 GMT

Senior management at the MBTA displayed “poor judgment” in going ahead with the opening the new Green Line Extension last year despite knowing there were issues with the tracks, and in not disclosing those failures to Gov. Maura Healey’s administration, the governor said Monday.News came last week that more than half of the track on the T’s new 4.4-mile Green Line Extension into Somerville and Medford is too narrow, and will need to be “regauged” to increase space between the two rails.Healey’s appointed MBTA general manager, Phil Eng, said he only was informed of the problem “recently,” though senior officials under former Gov. Charlie Baker’s administration may have known about the problems as early as 2021.“What’s important is that it was not disclosed, and it was really not addressed,” Healey said to reporters Monday when asked if her administration has any answers as to why the problem was not di...

How QB Tyson Bagent rose from zero-star recruit to Division II record-breaker to Chicago Bears rookie starter

Published Tue, 05 Nov 2024 14:46:12 GMT

Tyson Bagent prides himself on his preparation.It is, he says, a big part of what has propelled him from being a zero-star high school recruit in West Virginia to the verge of his first NFL start Sunday at Soldier Field.So when the question came to Bagent on Wednesday during his first news conference as the Chicago Bears Week 7 starting quarterback, he responded as if he had prepared for this too.What was his backup plan if this dream to play in the NFL didn’t materialize out of his unusual path through Division II football?“I was going to basically just CrossFit my life away, get as ripped and jacked as I possibly could,” Bagent said without missing a beat. “And be a teacher at Martinsburg High School.”Martinsburg High, located in eastern West Virginia about 80 miles from Washington, D.C., will have to wait to hire its ripped alumnus.Bagent, 23, has more odds to defy.Five years ago, Bagent was beginning his collegiate career at Division II Shepherd, in...