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Dam partially bursts in Norway, sparking floods, evacuations

Published Fri, 01 Nov 2024 10:32:01 GMT

By Jan M. Olsen | Associated PressCOPENHAGEN, Denmark — A dam in southern Norway partially burst Wednesday following days of heavy rain that triggered landslides and flooding in the mountainous region and forced downstream communities to evacuate, officials said.Authorities initially considered blowing up part of the dam at the Braskereidfoss hydroelectric power plant to prevent communities from being inundated. But the idea was scrapped after water later broke through the structure, police spokesman Fredrik Thomson told reporters.“We hope that we will get a gradual leveling of the water and that we will get an even leveling.”The power plant on the Glåma, Norway’s longest and most voluminous river, was under water and out of operation.Huge volumes of water were pouring over the western parts of the concrete dam, Thomson said.For hours, the water gathered behind the dam. Then a parking lot next to the power station was flooded, and soon water started pouring through...

Stanford coach Taylor amid Pac-12 collapse: ‘I can’t imagine’ playing outside Power 5

Published Fri, 01 Nov 2024 10:32:01 GMT

STANFORD – As the Stanford football team walked off the field following practice Tuesday night, one of the players saw the assembled media members and shouted “We’re going Independent!”He quickly announced he was kidding, but it was a nod to the program’s uncertain future after five Pac-12 teams announced last week that they were leaving the conference after the 2023-24 season, leaving only Stanford, Cal, Washington State and Oregon State.Cardinal coach Troy Taylor didn’t know where the team would end up, but he was confident it would work out.“I have a lot of faith that we have an incredible brand at Stanford and we’ll land somewhere really good,” Taylor said. “Just looking forward to finding out where it is, just like you guys.”The reported possibilities for the football team range from joining an existing conference such as the ACC or Mountain West, staying in the Pac-12 by adding teams, or going Independent like Notre Dame.Taylor said that it was important that Stanford stay in ...

MacroGenics: Q2 Earnings Snapshot

Published Fri, 01 Nov 2024 10:32:01 GMT

ROCKVILLE, Md. (AP) — ROCKVILLE, Md. (AP) — MacroGenics Inc. (MGNX) on Wednesday reported second-quarter net income of $57.5 million.The Rockville, Maryland-based company said it had net income of 92 cents per share. Losses, adjusted for non-recurring gains, came to 36 cents per share.The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 52 cents per share.The biopharmaceutical company posted revenue of $13.1 million in the period, which missed Street forecasts. Three analysts surveyed by Zacks expected $27.1 million._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on MGNX at https://www.zacks.com/ap/MGNXSource

US commits to releasing more endangered red wolves into the wild, settling lawsuit

Published Fri, 01 Nov 2024 10:32:01 GMT

The U.S. government will settle a lawsuit with conservation groups and commit to releasing more endangered red wolves into the wilds of North Carolina, where nearly three dozen of the canine species are believed to still run free. The conservation groups sued the U.S. Fish and Wildlife Service in 2020 after it stopped releasing captive-bred wolves. Eastern North Carolina is the only place in the world where they roam wild outside of zoos and wildlife refuges.The Southern Environmental Law Center filed the lawsuit on behalf of the Red Wolf Coalition, Defenders of Wildlife and the Animal Welfare Institute. A settlement agreement was reached Wednesday, according to documents filed in U.S. District Court in North Carolina. “For 25 years, North Carolina was home to one of the most successful predator reintroductions in the world,” Ramona McGee, a Southern Environmental Law Center attorney, said in a statement. “This settlement puts us on a path to restoring the red wolf to its righ...

BRP Group: Q2 Earnings Snapshot

Published Fri, 01 Nov 2024 10:32:01 GMT

TAMPA, Fla. (AP) — TAMPA, Fla. (AP) — BRP Group, Inc. (BRP) on Wednesday reported a second-quarter loss of $23.9 million, after reporting a profit in the same period a year earlier.On a per-share basis, the Tampa, Florida-based company said it had a loss of 40 cents. Earnings, adjusted for one-time gains and costs, were 27 cents per share.The results matched Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was also for earnings of 27 cents per share.The company posted revenue of $297.2 million in the period, which beat Street forecasts. Four analysts surveyed by Zacks expected $286.5 million.BRP Group shares have dropped nearly 3% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $24.47, a fall of 15% 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 BRP at ...

Kodiak Gas: Q2 Earnings Snapshot

Published Fri, 01 Nov 2024 10:32:01 GMT

MONTGOMERY, Texas (AP) — MONTGOMERY, Texas (AP) — Kodiak Gas Services Inc. (KGS) on Wednesday reported second-quarter profit of $17.5 million.On a per-share basis, the Montgomery, Texas-based company said it had net income of 30 cents. Earnings, adjusted for non-recurring gains, came to less than 1 cent on a per-share basis.The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 7 cents per share.The provider of oil and gas infrastructure services posted revenue of $203.3 million in the period, also beating Street forecasts. Three analysts surveyed by Zacks expected $198 million._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on KGS at https://www.zacks.com/ap/KGSSource

CarGurus: Q2 Earnings Snapshot

Published Fri, 01 Nov 2024 10:32:01 GMT

CAMBRIDGE, Mass. (AP) — CAMBRIDGE, Mass. (AP) — CarGurus Inc. (CARG) on Wednesday reported second-quarter net income of $16.4 million, after reporting a loss in the same period a year earlier.The Cambridge, Massachusetts-based company said it had net income of 12 cents per share. Earnings, adjusted for one-time gains and costs, were 29 cents per share.The results surpassed Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 23 cents per share.The online auto shopping platform posted revenue of $239.7 million in the period, also topping Street forecasts. Six analysts surveyed by Zacks expected $230 million.For the current quarter ending in September, CarGurus expects its per-share earnings to range from 24 cents to 27 cents.The company said it expects revenue in the range of $201 million to $221 million for the fiscal third quarter.CarGurus shares have increased 37% since the beginning of the year. In the final minu...

If you’ve ever wanted to be in ‘Hamilton,’ you can now do so — on Roblox

Published Fri, 01 Nov 2024 10:32:01 GMT

NEW YORK (AP) — The landmark Broadway musical “Hamilton” has landed on Roblox, turning the innovative stage show into an immersive online environment for a new generation.“’Hamilton’ has global recognition. Roblox has 66 million daily active users from all around the world. What a perfect match,” Matt Edelman, president and chief commercial officer for Super League, which designed and built the online experience in collaboration with Small World Games. In the Hamilton Simulator, players use their own avatars as they rub shoulders with the musical’s characters and negotiate through 10 levels set during the Revolutionary War. It starts at the New York docks and the goal is to free the city from British yoke. Appropriately, the music-filled game requires no real money from players.“The intent here was to create a fun experience for this community and by doing so, introduce them to ‘Hamilton’ if they don’t already know it, or to honor and inspire the passion that...

Similar Genomics Systems: Q2 Earnings Snapshot

Published Fri, 01 Nov 2024 10:32:01 GMT

SAN DIEGO (AP) — SAN DIEGO (AP) — Singular Genomics Systems Inc. (OMIC) on Wednesday reported a loss of $25.6 million in its second quarter.The San Diego-based company said it had a loss of 35 cents per share.The life science technology company posted revenue of $505,000 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 OMIC at https://www.zacks.com/ap/OMICSource

Blend Labs: Q2 Earnings Snapshot

Published Fri, 01 Nov 2024 10:32:01 GMT

SAN FRANCISCO (AP) — SAN FRANCISCO (AP) — Blend Labs Inc. (BLND) on Wednesday reported a loss of $42.8 million in its second quarter.On a per-share basis, the San Francisco-based company said it had a loss of 18 cents. Losses, adjusted for stock option expense and restructuring costs, were 9 cents per share.The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 13 cents per share.The cloud-based platform for financial companies posted revenue of $42.8 million in the period, also surpassing Street forecasts. Three analysts surveyed by Zacks expected $40 million.For the current quarter ending in September, Blend Labs said it expects revenue in the range of $38 million to $42 million.In the final minutes of trading on Wednesday, the company’s shares hit $1.22. A year ago, they were trading at $2.93._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using da...