Four deputy mayors in the Eric Adams administration — all respected veteran public servants — are resigning. Four deputy mayors in the Eric Adams administration — all respected veteran public servants — are resigning. Four deputy mayors in the Eric Adams administration — all respected veteran public servants — are resigning. On Monday, four of Mayor Eric Adams’s eight deputy mayors announced they would resign. In a City Hall tarnished by accusations of cronyism and corruption, the four departing deputy mayors stood out as well-regarded technocrats with decades of public service experience. It is unclear if their departures will lead…
Author: MAK Gojar
Also: Sweeping changes | Going to rich | Lamar’s message | Pentagon spending | Conflicts of interest. Mercury News reader letters to the editor for Feb. 18, 2025. Submit your letter to the editor via this form. Read more Letters to the Editor. USAID cuts a good start to reduce spending Re: “Closing USAID was first a Clinton-era idea” (Page A7, Feb. 13). Today, I read the letters to the editor about the “terrible demise of USAID.” I hope those letter writers and others read the Mark Thiessen opinion in the Mercury News. Thiessen clearly states the history of the…
Also: Collaboration a must | Trump’s autocracy | Media boycott | Campaign promises. East Bay Times reader letters to the editor for Feb. 18, 2025. Submit your letter to the editor via this form. Read more Letters to the Editor. Homeless camp ban is cruel, misguided Re: “Homeless camp ban is among state’s toughest” (Page B1, Feb. 13). The Fremont City Council’s recent policies and actions are nothing short of cruel. Essentially the city is criminalizing homelessness and poverty. What is criminal is allowing people to sleep on sidewalks, in vacant lots and in parks in the wealthiest nation in…
A man found in Rivervale has been charged after commercial plane and police helicopter pilots were blinded by a laser on January 20. A man found in Rivervale has been charged after commercial plane and police helicopter pilots were blinded by a laser on January 20. By Holly Thompson February 18, 2025 — 9.50am A 52-year-old man has been charged by police after he allegedly blinded commercial pilots with a laser as they attempted to land at Perth International Airport. On January 20 at 12.50am, WA Police received reports from the pilots that the laser was interfering with their operational…
A decision on bail for the man from one of Perth’s richest families has been again delayed by further review of his behaviour in the days before the crash. A decision on bail for the man from one of Perth’s richest families has been again delayed by further review of his behaviour in the days before the crash. By Heather McNeill February 18, 2025 — 11.14am The Perth obstetrician accused of killing a young woman in a drunken, high-speed crash on Saturday night allegedly made several “angry rants” about his wife in the weeks leading up to the tragedy, with…
FDA employees reviewing Musk’s brain implant company Neuralink were fired over the weekend as part of a broader purge of the federal workforce.FDA employees reviewing Musk’s brain implant company Neuralink were fired over the weekend as part of a broader purge of the federal workforce. U.S. Food and Drug Administration employees reviewing Elon Musk’s brain implant company Neuralink were fired over the weekend as part of a broader purge of the federal workforce, according to two sources with knowledge of the matter. Sopa Images | Lightrocket | Getty Images U.S. Food and Drug Administration employees reviewing Elon Musk’s brain implant company Neuralink were fired over the weekend…
States in the Mid-Atlantic and Northeast were heavily betting on offshore wind to meet their future power needs.States in the Mid-Atlantic and Northeast were heavily betting on offshore wind to meet their future power needs. A view of the turbines at Orsted’s offshore wind farm near Nysted, Denmark, September 4, 2023. Tom Little | Reuters President Donald Trump promised to unleash U.S. energy dominance, but his sweeping executive order targeting wind power puts a pipeline of projects at risk that would generate enough electricity for millions of American homes. The order Trump issued on his first day in office indefinitely…
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Biogen Inc. (NASDAQ: BIIB) reported its fourth quarter 2024 earnings results today. Total revenue increased 3% year-over-year to $2.5 billion. Net income attributable to Biogen Inc. was $266.8 million, or $1.83 per share, compared to $249.7 million, or $1.71 per share, last year. Adjusted EPS grew 17% YoY to $3.44. For full-year 2025, the company expects total revenue to decline by a mid-single digit percentage at constant currency versus full-year 2024. Adjusted EPS is expected to be $15.25-16.25. Prior performance The post Key metrics from Biogen’s (BIIB) Q4 2024 earnings results first appeared on AlphaStreet. Biogen Inc. (NASDAQ:…
Network gear maker Cisco Systems Inc. (NASDAQ: CSCO) is expected to report second-quarter 2025 earnings today after the closing bell. Listen to Cisco’s Q2 2025 earnings call live and read the real-time transcript The company recently guided Q2 revenues in the range of $13.75 billion to 13.95 billion and adjusted earnings per share between $0.89 and 0.91. Analysts estimate earnings of $0.91 per share on revenues of $13.87 billion for the January quarter. That compares to earnings of $0.87 per share and revenue of $12.79 billion reported in the second quarter of 2024. For the first quarter, Cisco reported revenues…
Healthcare conglomerate CVS Health Corporation (NYSE: CVS) reported mixed results for the fourth quarter of 2024, with revenues growing modestly and earnings declining sharply. December-quarter adjusted profit plunged 44% year-over-year to $1.19 per share. On a reported basis, net income was $1.62 billion or $1.30 per share in Q4, compared to $2.05 billion or $1.58 per share in the prior-year quarter. Revenues increased 4% year-over-year to $97.7 billion in the fourth quarter. Total same-store sales climbed 10.2% year-over-year. “Our integrated model allows us to uniquely deliver a simpler, connected experience that saves time, saves money, and improves health,” said CVS CEO…
Shares of Shopify Inc. (NYSE: SHOP) were down over 2% on Wednesday. The stock has gained 16% over the past one month. The ecommerce company delivered a strong performance for the fourth quarter of 2024, with year-over-year growth in revenue and profits, and meaningful traction across many areas of its business. Revenue and earnings growth Shopify generated revenue of $2.81 billion in Q4 2024, up 31% year-over-year, marking the seventh consecutive quarter of pro forma revenue growth of 25% or greater. GAAP earnings per share jumped 94% to $0.99 while adjusted EPS grew 29% to $0.44 compared to last year.…
Over the years, Walmart Inc. (NYSE: WMT) has consistently dominated the US grocery market, benefitting from lower prices and its wide product range across categories. After delivering an impressive performance so far in fiscal 2025, the company is all set to publish results for the final three months of the year. Walmart’s stock has been on an upward trend for quite some time, quickly recovering after each short-term dip. Last week, the shares reached the $100 mark for the first time, and they hit a new high during Wednesday’s session. Considering the favorable valuation and the company’s track record of…
Cisco Systems Inc. (NASDAQ: CSCO), a leading manufacturer and distributor of data networking products, on Wednesday reported financial results for the second quarter of 2025. The San Jose-headquartered tech firm posted adjusted earnings of $0.94 per share for the January quarter, compared to $0.87 per share in the same period last year. Unadjusted net income was $2.4 billion or $0.61 per share in Q2, vs. $2.6 billion or $0.65 per share in the comparable period of fiscal 2024. Second-quarter revenue was $14.0 billion, compared to $12.79 billion in the prior-year quarter. “As AI becomes more pervasive, we are well positioned…
The Deere & Company (NYSE: DE) reported its first quarter 2025 earnings results today. Worldwide net sales and revenues decreased 30% year-over-year to $8.50 billion. Net income was $869 million, or $3.19 per share, compared to $1.75 billion, or $6.23 per share, last year. Net income attributable to Deere & Company for fiscal year 2025 is forecasted to range between $5.0-5.5 billion. Prior performance The post Key highlights from Deere & Company’s (DE) Q1 2025 earnings results first appeared on AlphaStreet. The Deere & Company (NYSE: DE) reported its first quarter 2025 earnings results today. Worldwide net sales and revenues decreased 30% year-over-year to $8.50 billion.…
Energy holding company Duke Energy (NYSE: DUK) Thursday reported an increase in revenues and adjusted earnings for the fourth quarter of 2024. Fourth-quarter 2024 reported earnings were $1.54 per share, compared to $1.27 per share in the prior-year quarter On an adjusted basis, December-quarter earnings increased to $1.66 per share from $1.51 per share in Q4 2023 At $7.36 billion, fourth-quarter operating revenue was higher than the $7.21 billion reported in the prior-year quarter Q4 net income was $1.19 billion, compared to $991 million in the corresponding quarter last year The company introduced 2025 adjusted earnings per share guidance of…
The Kraft Heinz Company (NASDAQ: KHC), a leading food and beverage manufacturer, has announced financial results for the fourth quarter of 2024. The company’s fourth-quarter net sales decreased 4.1% annually to $6.58 billion; Organic net sales dropped 3.1% In North America and International Developed Markets, sales declined 3.9% and 3.6% respectively during the quarter In Emerging Markets, net sales declined 6.8% year-over-year in the final three months of fiscal 2024 Q4 gross profit margin increased 30 basis points to 34.1%; adjusted gross profit margin decreased 40 basis points to 34.4% Kraft Heinz reported an operating loss of $40 million for…
Semiconductor technology company Applied Materials, Inc. (NASDAQ: AMAT) is expected to report first-quarter 2025 results today after the closing bell. Listen to Applied Materials’ Q1 2025 earnings call live and read the real-time transcript The consensus earnings estimate for Q1 is $2.3 per share, which represents an increase from the $2.13/share profit reported in the first quarter of 2024. Analysts are looking for revenues of $7.16 billion for the January quarter, compared to $6.71 billion in the year-ago period. In the fourth quarter, the company’s adjusted earnings increased to $2.32 per share from $2.12 per share in the same period…
Shares of Hasbro, Inc. (NASDAQ: HAS) stayed green on Thursday. The stock has gained 7% year-to-date. The toymaker is scheduled to report its fourth quarter 2024 earnings results on Thursday, February 20, before market open. Here’s a look at what to expect from the earnings report: Revenue Analysts are projecting revenue of $1.02 billion for the fourth quarter of 2024, which represents a decline from revenue of $1.29 billion reported in the same period a year ago. In the third quarter of 2024, revenues decreased 15% year-over-year to $1.28 billion. Earnings The consensus target for earnings per share in Q4…
After starting the fiscal year on a weak note, Cisco Systems Inc. (NASDAQ: CSCO) has regained momentum, reporting higher second-quarter revenue and profit that beat analysts’ estimates. The company is optimistic about extending the uptrend into the remainder of the year, supported by the growing demand for its AI solutions. The market reacted favorably to the positive outcome and the San Jose-headquartered network gear maker’s stock rallied in Wednesday’s after-hours trading. The shares have grown as much as 40% in the past six months alone, outperforming the broad market during that period. Q2 Numbers Beat The tech firm reported adjusted…