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San Jose officials reluctantly agree to fund major housing operator

Published Wed, 12 Feb 2025 08:13:42 GMT

(BCN) -- A San Jose housing operator is receiving millions in funding to address homelessness, despite growing concerns by city officials about the nonprofit's performance and racial profiling allegations.The San Jose City Council on Tuesday unanimously voted to allocate $6.2 million to HomeFirst to continue operating four interim housing sites through next June. Several councilmembers shared frustrations over the nonprofit's latest woes but ultimately admitted they lacked alternative solutions that would allow them to end that relationship without major consequences. Cruise to pull all of its driverless vehicles off streets nationwide The momentum stems from a memo submitted by Councilmember Omar Torres ahead of council that asks the city to "closely" monitor HomeFirst's performance in all city contracts moving forward, including its treatment of staff members.Torres said his original recommendation was to cut off HomeFirst entirely from city funding, but the housing department a...

Standard Motor Products: Q3 Earnings Snapshot

Published Wed, 12 Feb 2025 08:13:42 GMT

LONG ISLAND CITY, N.Y. (AP) — LONG ISLAND CITY, N.Y. (AP) — Standard Motor Products Inc. (SMP) on Friday reported third-quarter net income of $6.7 million.On a per-share basis, the Long Island City, New York-based company said it had profit of 30 cents. Earnings, adjusted for one-time gains and costs, came to $1.11 per share.The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 99 cents per share.The auto parts maker posted revenue of $386.4 million in the period, which fell short of Street forecasts. Three analysts surveyed by Zacks expected $390.7 million._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SMP at https://www.zacks.com/ap/SMPSource

The Washington International Horse Show returns to Upper Marlboro

Published Wed, 12 Feb 2025 08:13:42 GMT

The Washington International Horse Show is galloping around Showplace Arena through the rest of the weekend, as it returns to Upper Marlboro, Maryland, for the second year in a row.The annual event draws about 10,000 people and $9 million to the Prince George’s County economy, with riders coming from all over the world to compete and people coming to see the horses.“This is one of the major, major championships,” said Vicki Lowell, president of the WIHS. “This is, in fact, the only indoor, five-star level competition in the country.”This year, riders have come from as far away as Germany, the Netherlands, Israel and Australia. But Caitlyn Hill only had to travel from Baltimore to compete again.“It’s very special,” Hill said. “I worked all year long and I look forward to it every year. My horse feels really great in this ring and it’s so well done.”(new Image()).src = "https://capi.connatix.com/tr/si?token=9be9c680-c45...

Arbor Realty Trust: Q3 Earnings Snapshot

Published Wed, 12 Feb 2025 08:13:42 GMT

UNIONDALE, N.Y. (AP) — UNIONDALE, N.Y. (AP) — Arbor Realty Trust (ABR) on Friday reported third-quarter profit of $88.3 million.On a per-share basis, the Uniondale, New York-based company said it had profit of 41 cents. Earnings, adjusted for amortization costs and non-recurring costs, were 55 cents per share.The results surpassed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 48 cents per share.The real estate investment trust posted revenue of $336.5 million in the period, which also topped Street forecasts. Four analysts surveyed by Zacks expected $327.9 million.Arbor Realty Trust shares have decreased almost 3% since the beginning of the year. The stock has dropped 3% 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 ABR at https://www.zacks.com/ap/ABRSource

Exxon profit falls compared record-setting numbers last year, but sector consolidation in full swing

Published Wed, 12 Feb 2025 08:13:42 GMT

Exxon Mobil’s third-quarter profit declined compared with last year when the oil giant put up record numbers as oil prices soared, but net income jumped 15% compared with the previous quarter. It also raised its quarterly dividend.Those lofty crude prices have fueled a shopping spree this year as Exxon acquired pipeline operator Denbury, the beneficiary of changes in U.S. climate policy, for $4.9 billion in July, and then a few weeks ago the company said that it would buy Pioneer for $60 billion. Exxon isn’t alone. Earlier this week, Chevron said it would spend more than $50 billion to acquire Hess. Exxon Mobil Corp. earned $9.07 billion, or $2.25 per share in the period. That compares with $19.66 billion, or $4.68 per share, a year earlier.Removing certain items, earnings were $2.27 per share.Analysts polled by Zacks Investment Research predicted higher earnings of $2.36 per share, but Exxon does not adjust its reported results based on one-time events such as asset sales as ...

Pope orders Vatican to reopen case of priest accused of adult abuse but allowed to keep ministering

Published Wed, 12 Feb 2025 08:13:42 GMT

ROME (AP) — Pope Francis has ordered the Vatican to reopen the case of a well-known priest-artist accused of sexually, psychologically and spiritually abusing adult women, and removed the statute of limitations on their claims, the Vatican said Friday. The announcement marked a major turnaround for the Holy See and followed an outcry among victims and their advocates over the handling of the case of the Rev. Marko Ivan Rupnik, a former Jesuit whose mosaics grace churches and basilicas around the world.The scandal has been a headache for the Jesuits, the Vatican and Francis himself due to suspicions that Rupnik received favorable treatment from the Holy See, where a Jesuit is pope and other Jesuits head the sex crimes office that investigated Rupnik and declined to prosecute him because the claims against him were deemed too old.A Vatican statement said Francis’ abuse prevention commission had flagged “serious problems” in the way his case was handled initially, particularly in...

Watch Live: Fearful Maine residents remain behind locked doors amid massive search for mass killing suspect

Published Wed, 12 Feb 2025 08:13:42 GMT

LEWISTON, Maine (AP) — Shocked and fearful Maine residents kept to their homes Friday as hundreds of heavily armed police and FBI agents searched intensely for Robert Card, an Army reservist authorities say fatally shot 18 people at a bowling alley and a bar in the worst mass killing in state history.Much of Thursday’s search focused on a large property belonging to one of Card’s relatives in rural Bowdoin, where trucks and vans full of armed agents from the FBI and other agencies eventually surrounded a home. Concerned locals said Card could have the upper hand in navigating the rural, wooded area that he knows well.Police officers speak with a motorist at a roadblock, Thursday, Oct. 26, 2023, in Lisbon, Maine, during a manhunt for the suspect of Wednesday's mass shootings. The shootings took place at a restaurant and bowling alley in nearby Lewiston, Maine. (AP Photo/Robert F. Bukaty)The Cards have lived in Bowdoin for generations, neighbors said. Various membe...

Oct. 27-29: Things to do near Denver this weekend

Published Wed, 12 Feb 2025 08:13:42 GMT

DENVER (KDVR) — There is always something to do, especially during the spookiest time of the year. Denver's weather is looking slightly frightful, which is on par for the holiday. You might want to wear a long sleeve under your costume, the temperatures could get as low as 20 degrees overnight.The weekend starts with some light snow on Saturday and continues into Sunday. Nevertheless, it's still Halloween weekend and there are plenty of things to do. Will this Halloween’s weather make history? FOX31 picked out some of the top events this weekend. Events: Oct. 27 – Oct. 29Disney in Concert: Tim Burton's 'The Nightmare Before Christmas' - Oct. 27Get in the holiday spirit by watching "The Nightmare Before Christmas." Except at Boettcher Concert Hall, it's with a live symphony in the background. The big screen comes with dialogue, singing and effects from with the Colorado Symphony.Oddities & Curiosities: Festival of Frights! - Oct. 27-28Walk through the interactive experience wit...

US calls on UK to expand crackdown on Hamas financing

Published Wed, 12 Feb 2025 08:13:42 GMT

LONDON — A senior Biden administration official on Friday urged the British government to expand its sanctions on militant group Hamas militants following its attacks in Israel this month.During a visit to London, Deputy Secretary to the U.S. Treasury Wally Adeyemo announced new U.S. sanctions targeting Hamas-linked officials and financial networks.“Today’s action targets additional assets in Hamas’s investment portfolio and individuals who facilitate sanctions evasion,” said Adeyemo, making the announcement at the Royal United Services Institute defense think tank in London.Adeyemo said he is “meeting with our U.K. colleagues today to expand our efforts,” and revealed he met with Prime Minister Rishi Sunak’s national security advisor early Friday. He said he will also meet with officials in the British Treasury and Foreign Office to coordinate new sanctions to cut off funding to the terrorist group.Adeyemo is visiting London, Brussels and Berlin in the coming days to coordina...

EU countries tell Brussels to tighten its own belt 

Published Wed, 12 Feb 2025 08:13:42 GMT

BRUSSELS — In lean times, European Union countries aren’t keen to send more money to Brussels.That’s lowered expectations for a proposed top-up of the EU’s common budget by year’s end.The European Commission in June asked for €66 billion of additional funds from EU capitals to cover unexpected spending, arguing that the bloc’s coffers have been depleted by multiple crises, from the COVID-19 pandemic to the war in Ukraine.And while EU leaders are near consensus on providing extra cash for Kyiv — bar Hungary and Slovakia — there is very little appetite to finance other spending priorities the Commission put forward for an increase.The two-day leaders’ summit in Brussels this week brought those divisions to the fore, underscoring how an agreement on the budgetary update is still a long way off, as all 27 EU countries need to back it.“You could see a clear bloc of leaders emerging around the table — and it was not just the frugals — who were telling the Commission: We ...