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Bloom Energy trims dozens more jobs, Bay Area layoffs now top 100

Published Sat, 22 Feb 2025 10:28:02 GMT

SAN JOSE — Bloom Energy has revealed plans to trim dozens more jobs in the Bay Area, cutbacks that have sent the green energy company’s local layoffs past the 100 mark, new official state labor agency filings show.The company has now disclosed its decision to conduct at least two rounds of layoffs, according to WARN notices Bloom filed with the state Employment Development Department.Bloom Energy has decided to chop 72 jobs in a fresh round of layoffs, the EDD WARN notices state.Here are the details for the most recent cutbacks being orchestrated by Bloom Energy:— 54 job cuts at the Bloom Energy headquarters in north San Jose’s Alviso district— 11 layoffs in Sunnyvale— 7 staffing reductions in FremontThese job cuts were slated to become effective on or around Nov. 1, the WARN notices stated.Bloom Energy’s prior layoff disclosures indicated the company had decided to chop 47 positions, affecting workers in Fremont and Sunnyvale. The previous ...

Enerplus: Q3 Earnings Snapshot

Published Sat, 22 Feb 2025 10:28:02 GMT

CALGARY, Alberta (AP) — CALGARY, Alberta (AP) — Enerplus Corp. (ERF) on Thursday reported net income of $127.7 million in its third quarter.On a per-share basis, the Calgary, Alberta-based company said it had net income of 59 cents. Earnings, adjusted for non-recurring costs, were 63 cents per share.The oil and natural gas company posted revenue of $447.2 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 report on ERF at https://www.zacks.com/ap/ERFSource

Uber and Lyft to pay $328 million to settle dispute over taxes and fees paid by New York drivers

Published Sat, 22 Feb 2025 10:28:02 GMT

ALBANY, N.Y. (AP) — Uber and Lyft will pay a combined $328 million to settle complaints that they improperly saddled their New York drivers with taxes and fees that should have been been paid by passengers, state Attorney General Letitia James announced Thursday.The popular ride-hailing companies also agreed to establish a minimum wage and paid sick leave for drivers across the state.Uber will pay $290 million and Lyft will pay $38 million, with the money distributed to current and former drivers, James said. The companies have also agreed to provide drivers outside of New York City with paid sick leave and a minimum wage of $26 per hour. “Rideshare drivers work at all hours of the day and night to take people wherever they need to go,” James said in a statement. “For years, Uber and Lyft systemically cheated their drivers out of hundreds of millions of dollars in pay and benefits while they worked long hours in challenging conditions.”In a separate announcement, New York Gov. Kathy...

Select Medical: Q3 Earnings Snapshot

Published Sat, 22 Feb 2025 10:28:02 GMT

MECHANICSBURG, Pa. (AP) — MECHANICSBURG, Pa. (AP) — Select Medical Holdings Corp. (SEM) on Thursday reported third-quarter earnings of $48.2 million.The Mechanicsburg, Pennsylvania-based company said it had profit of 38 cents per share. Earnings, adjusted for non-recurring costs, were 46 cents per share.The results topped Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 38 cents per share.The hospital and rehabilitation center operator posted revenue of $1.67 billion in the period.Select Medical expects full-year earnings in the range of $1.85 to $2.02 per share, with revenue in the range of $6.55 billion to $6.7 billion._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SEM at https://www.zacks.com/ap/SEMSource

Chesapeake Utilities: Q3 Earnings Snapshot

Published Sat, 22 Feb 2025 10:28:02 GMT

DOVER, Del. (AP) — DOVER, Del. (AP) — Chesapeake Utilities Corp. (CPK) on Thursday reported net income of $9.4 million in its third quarter.On a per-share basis, the Dover, Delaware-based company said it had profit of 53 cents. Earnings, adjusted for non-recurring costs, came to 69 cents per share.The energy and utility company posted revenue of $131.5 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 report on CPK at https://www.zacks.com/ap/CPKSource

Storm Ciarán whips Western Europe, blowing record winds in France and leaving millions without power

Published Sat, 22 Feb 2025 10:28:02 GMT

PARIS (AP) — Record-breaking winds in France and across much of Western Europe left at least seven people dead and injured others as Storm Ciarán swept through the continent Thursday. The storm devastated homes, causing travel mayhem and cut power to a vast number of people.Winds of more than 190 kph (118 mph) slammed the northern tip of France’s Atlantic coast overnight, uprooting trees and blowing out windows.A truck driver was killed when his vehicle was hit by a tree in northern France’s inland Aisne region, Transport Minister Clement Beaune said. Meanwhile, a 70-year-old man in the port city of Le Havre, Normandy, died in a fall from his balcony. Local media outlet FranceBleu quoted a prosecutor as saying it appeared the victim was closing his shutters amid a gust of wind when he fell at noon Thursday. Another person was badly injured at a university in the northern city of Roubaix, and 15 other people were hurt around western and northern France, authorities announced. Seven o...

Cooper-Standard: Q3 Earnings Snapshot

Published Sat, 22 Feb 2025 10:28:02 GMT

NORTHVILLE, Mich. (AP) — NORTHVILLE, Mich. (AP) — Cooper-Standard Holdings Inc. (CPS) on Thursday reported profit of $11.4 million in its third quarter.The Northville, Michigan-based company said it had net income of 65 cents per share. Earnings, adjusted for restructuring costs and pretax expenses, were 85 cents per share.The auto parts supplier posted revenue of $736 million in the period.Cooper-Standard expects full-year revenue in the range of $2.7 billion to $2.8 billion._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CPS at https://www.zacks.com/ap/CPSSource

Esports competitors keen to mingle at village and win medals at Pan American Games

Published Sat, 22 Feb 2025 10:28:02 GMT

SANTIAGO, Chile (AP) — Esports competitors know they can lead a very lonely life in front of a screen. But not for those fighting for glory the Pan American Games in Chile. For the first time, they are staying at the athletes’ village and will be parading at the closing ceremony and tying their success to their country’s team.Thursday marked the first day of esports competitions in Santiago, with some of the best in the Americas competing for medals in eFootball 2023, an evolution of the game known as PES by Konami, and Dota 2, a multiplayer online battle arena title made by Valve. The two are among the most popular games in the world.More than 120 competitors from 25 countries are fighting for the first ever Pan American esports gold, silver and bronze medals until Saturday. As in other tournaments, national teams are sitting together to watch the action unfold in total silence in an arena built outside Santiago’s National Stadium.The 22-year-old Peruvian Eliseo A...

An Ohio amendment serves as a testing ground for statewide abortion fights expected in 2024

Published Sat, 22 Feb 2025 10:28:02 GMT

Michael Bond, treasurer of the Licking County Democratic Party, works at the front desk, ready to pass out signs for "Vote Yes on Issue 1" and "Bill Cost Jr. for Newark City Council," at the Licking County Democratic Party headquarters in Newark, Ohio, Tuesday, Oct. 31, 2023. Campaigning over the issue, which will be decided Tuesday, is expected to be a preview of abortion battles across the country in 2024. The measure, known as Issue 1, is the only abortion question on any state ballot this year. (AP Photo/Carolyn Kaster)(AP/Carolyn Kaster) Michael Bond, treasurer of the Licking County Democratic Party, works at the front desk, ready to pass out signs for "Vote Yes on Issue 1" and "Bill Cost Jr. for Newark City Council," at the Licking County Democratic Party he...

Olympic Steel: Q3 Earnings Snapshot

Published Sat, 22 Feb 2025 10:28:02 GMT

HIGHLAND HILLS, Ohio (AP) — HIGHLAND HILLS, Ohio (AP) — Olympic Steel Inc. (ZEUS) on Thursday reported net income of $12.2 million in its third quarter.On a per-share basis, the Highland Hills, Ohio-based company said it had net income of $1.06. Earnings, adjusted for non-recurring gains, came to 68 cents per share.The steel maker posted revenue of $526.4 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 report on ZEUS at https://www.zacks.com/ap/ZEUSSource