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China announces plan for a new space telescope as it readies to launch its next space station crew

Published Mon, 24 Feb 2025 01:54:53 GMT

TAIPEI, Taiwan (AP) — China announced plans on Wednesday to send a new telescope to probe deep into the universe as it prepared to launch the country’s next, three-member crew for its orbiting space station.The telescope, dubbed Xuntian, will be installed by China’s Tiangong space station and will co-orbit with it, according to a statement from Lin Xiqiang, spokesperson and deputy director general of the Chinese Manned Space Agency. No timeframe was given for the installation. State broadcaster CCTV said the telescope would enable surveys and mapping of the sky. China has researched the movement of stars and planets for thousands of years while in modern times, it has pushed to become a leader in space exploration and science.The announcement came on the eve of the flight by three astronauts — Tang Hongbo, Tang Shengjie and Jiang Xinlin — who will replace a crew that has been on the station for six months. The launch is expected for late morning on Thursday. Tang is a veteran ...

New Oriental: Fiscal Q1 Earnings Snapshot

Published Mon, 24 Feb 2025 01:54:53 GMT

BEIJING (AP) — BEIJING (AP) — New Oriental Education & Technology Group Inc. (EDU) on Wednesday reported net income of $165.4 million in its fiscal first quarter.The Beijing-based company said it had net income of 99 cents per share. Earnings, adjusted for stock option expense and non-recurring costs, were $1.13 per share.The educational services provider posted revenue of $1.1 billion in the period.For the current quarter ending in November, New Oriental said it expects revenue in the range of $785 million to $804.2 million._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on EDU at https://www.zacks.com/ap/EDUSource

Lithia Motors: Q3 Earnings Snapshot

Published Mon, 24 Feb 2025 01:54:53 GMT

MEDFORD, Ore. (AP) — MEDFORD, Ore. (AP) — Lithia Motors Inc. (LAD) on Wednesday reported third-quarter earnings of $261.5 million.The Medford, Oregon-based company said it had profit of $9.46 per share. Earnings, adjusted for non-recurring gains, were $9.25 per share.The results fell short of Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $9.97 per share.The auto dealership chain posted revenue of $8.28 billion in the period, which topped Street forecasts. Five analysts surveyed by Zacks expected $8.15 billion._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on LAD at https://www.zacks.com/ap/LADSource

Group 1 Automotive: Q3 Earnings Snapshot

Published Mon, 24 Feb 2025 01:54:53 GMT

HOUSTON (AP) — HOUSTON (AP) — Group 1 Automotive Inc. (GPI) on Wednesday reported third-quarter earnings of $163.9 million.The Houston-based company said it had profit of $11.65 per share. Earnings, adjusted for asset impairment costs and non-recurring costs, were $12.07 per share.The results surpassed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $11.32 per share.The auto dealer posted revenue of $4.71 billion in the period, also exceeding Street forecasts. Four analysts surveyed by Zacks expected $4.55 billion._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on GPI at https://www.zacks.com/ap/GPISource

Deutsche Bank: Q3 Earnings Snapshot

Published Mon, 24 Feb 2025 01:54:53 GMT

FRANKFURT, Germany (AP) — FRANKFURT, Germany (AP) — Deutsche Bank AG (DB) on Wednesday reported net income of $1.12 billion in its third quarter.The Frankfurt, Germany-based bank said it had earnings of 61 cents per share.The bank posted revenue of $16.56 billion in the period. Its revenue net of interest expense was $7.76 billion, which topped 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 DB at https://www.zacks.com/ap/DBSource

Banco Santander: Q3 Earnings Snapshot

Published Mon, 24 Feb 2025 01:54:53 GMT

MADRID (AP) — MADRID (AP) — Banco Santander SA (SAN) on Wednesday reported net income of $3.16 billion in its third quarter.The bank, based in Madrid, said it had earnings of 19 cents per share.The financial holding company posted revenue of $16.17 billion in the period. Its revenue net of interest expense was $16.17 billion, which topped 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 SAN at https://www.zacks.com/ap/SANSource

Lloyds: Q3 Earnings Snapshot

Published Mon, 24 Feb 2025 01:54:53 GMT

LONDON (AP) — LONDON (AP) — Lloyds Banking Group PLC (LYG) on Wednesday reported net income of $1.8 billion in its third quarter.The company said it had earnings of 10 cents per share.The bank posted revenue of $5.72 billion in the period. Its revenue net of interest expense was $5.72 billion, topping 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 LYG at https://www.zacks.com/ap/LYGSource

Israeli airstrikes surge in Gaza, destroying homes and killing dozens at a time

Published Mon, 24 Feb 2025 01:54:53 GMT

RAFAH, Gaza Strip (AP) — Israel escalated airstrikes across the Gaza Strip on Tuesday, crushing families in the rubble of residential buildings, as health officials said hundreds of Palestinians were killed in the past day and medical facilities were shut down because of bomb damage and lack of power.The massive air bombardment continued through the night as Israeli jets hit sites across Gaza, the Hamas-run Interior Ministry said.The soaring death toll from the bombardment is unprecedented in the decades-long Israeli-Palestinian conflict. It augurs an even greater loss of life in Gaza once Israeli forces backed by tanks and artillery launch an expected ground offensive aimed at crushing Hamas militants.Gaza’s 2.3 million people have been running out of food, water and medicine since Israel sealed off the territory following the devastating Oct. 7 attack by Hamas on towns in southern Israel.The Gaza Health Ministry, which is run by Hamas, said Israeli airstrikes killed at least 704 p...

Hialeah councilman files lawsuit against mayor over 911 system negligence

Published Mon, 24 Feb 2025 01:54:53 GMT

A councilman is taking legal action against the mayor of Hialeah, alleging negligence in the city’s emergency response system. Councilman Bryan Calvo’s lawsuit follows revelations that the city’s 911 system missed over 32,000 calls in the past two years, leaving callers in distress without assistance.In June, Councilman Calvo called for an investigation into the operations of Hialeah’s 911 call center. Despite his calls for transparency, no action was taken to address the issue, prompting him to take legal action against the city’s mayor, Wednesday morning.“I think what’s irresponsible is to try and sweep this under the rug and pretend that it doesn’t exist,” Calvo stated at the press conference in June. “Clearly, something is going on in that department, and we need to get to the bottom of it and we need to find solutions for it.”Over the past several months, Councilman Calvo has cited multiple sources, including a M...

German MEP in running to lead Greens’ EU election campaign

Published Mon, 24 Feb 2025 01:54:53 GMT

BRUSSELS — German MEP Terry Reintke is in the running to lead the Greens European election campaign, she announced Wednesday. “I want a Europe that fights for climate justice. A Europe of fair wages and good work. A Europe of freedom and democracy. I want to bring Europeans together to make this happen,” she said. Reintke is already one of two co-presidents of the Greens group in the Parliament. The EU-level party, the European Greens, will field two so-called Spitzenkandidaten, at least one of whom must be a woman, and the membership will elect them in Lyon, France in early February next year. Those who champion the Spitzenkandidaten system, such as the European Greens, argue that it democratizes the EU elections, where 27 countries return MEPs to Brussels and Strasbourg. The informal process suggests that the lead candidate of the largest political group in the Parliament should get first dibs at running the European Commission — however this did not happen l...