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Magna beats expectations with profit boost as light vehicle production ramps up

Published Fri, 01 Nov 2024 08:18:06 GMT

Magna International Inc. is reporting a jump in profits and revenues for its third quarter, beating analyst expectations.The auto parts manufacturer, which keeps its books in U.S. dollars, says net income leaped 36 per cent to US$394 million in the quarter ended Sept. 30 from US$289 million in the same period last year.Magna says sales rose 15 per cent to US$10.69 billion last quarter from US$9.27 billion the year before.On an adjusted basis, diluted earnings jumped to US$1.46 per share from US$1.10 per share.The one-third increase far exceeded analyst expectations of US$1.32 per share, according to financial markets data firm Refinitiv.The Aurora, Ont.-based company says its profit growth stems from the launch of new programs over the past year, higher light vehicle production across the globe and price increases to cover rising production costs.This report by The Canadian Press was first published Nov. 3, 2023.Companies in this story: (TSX:MG)The Canadian Press

Telus profits plunge 74% despite record customer growth

Published Fri, 01 Nov 2024 08:18:06 GMT

VANCOUVER — Telus Corp. is reporting a74 per cent year-over-year drop in profits in its latest quarter, despite a solid revenue boost and record customer growth.The telecommunications company says net income attributable to shareholders fell to $136 million in the quarter ended Sept. 30 from $514 million in the same period the year before.Telus attributes the plunge to costs related to restructuring after it announced in August it would cut 6,000 jobs due to issues around regulation and competition.The Vancouver-based company says operating revenues rose 7.5 per cent in its third quarter to $4.99 billion from $4.64 billion a year earlier. Adjusted basic earnings fell nearly 27 per cent to 25 cents per share from 34 cents per share, but slightly beat analyst expectations of 24 cents per share, according to financial markets data firm Refinitiv.Telus says net customer growth hit a quarterly record of 406,000, an increase of 59,000 from the year before that it says was driven by demand...

Lebanon’s militant Hezbollah leader taunts Israel in his first speech since Israel-Hamas war started

Published Fri, 01 Nov 2024 08:18:06 GMT

BEIRUT (AP) — Celebratory gunshots rang out over Beirut as thousands packed into a square in the southern suburbs of the Lebanese capital on Friday to watch a televised speech by Hassan Nasrallah, the leader of the militant Lebanese Hezbollah group. Nasrallah taunted Israel in his remarks, which were broadcast via a video-link. It was his first address to supporters since the beginning of the Israel-Hamas war, sparked by the Palestinian militants’ deadly Oct. 7 incursion into southern Israel.The speech came a day after the most significant escalation in clashes between Hezbollah and Israeli forces on the Israel-Lebanon border since the war started — and on the same day as a visit to Israel by the top U.S. diplomat. U.S. Secretary of State Antony Blinken met with Israeli Prime Minister Benjamin Netanyahu to urge protections for civilians in the fighting with Hamas, as Israeli troops tightened their encirclement of Gaza City.In his lengthy remarks, Nasrallah praised the Hamas at...

Former NU athletes share experience with racism, hazing for first time

Published Fri, 01 Nov 2024 08:18:06 GMT

CHICAGO — A group of former Northwestern University athletes who were allegedly subjected to racism, hazing, physical abuse, and retaliation while part of the athletic program will share their stories for the first time.A press conference was held Friday ahead of Northwestern’s football game at Wrigley Field Saturday. The athletes shared stories of the abuse they endured during their time at the university.The players are represented by Chicago law firm Salvi, Schostok & Pritchard, P.C. and co-counsel Stinar Law, PLLC — which represent over 50 former Northwestern student-athletes who have suffered trauma due to the misconduct. Former Northwestern coach Pat Fitzgerald sues university for $130 million The press conference was scheduled for 9 a.m. Friday.

Monitoring Team reports police reform moving slow

Published Fri, 01 Nov 2024 08:18:06 GMT

CHICAGO -- The court appointed Monitoring Team released its latest assessment of CPD reform efforts and the CPD will get a chance to respond and discuss the progress that has been made.After more than four years under federal oversight, the CPD Monitory Team's report compliance continues to lag but also expresses hope under new police superintendent Larry Snelling. Led by attorney Maggie Hickey, the team published its eight report this week which states: "The CPD has reached full compliance on just six percent of consent to decree requirements. The team examined reform efforts between Jan. 1st to June 30, a period where there were three superintendents."It writes CPD has yet to implement a comprehensive consistent and transparent policing strategy. It adds that the department could make significant progress across all parts of the Consent Decree if it did that. Chicago residents fed up with lack of communication on migrant housing locations The team reports progress in addressing ...

National Sandwich Day: Where to get deals, discounts on Nov. 3

Published Fri, 01 Nov 2024 08:18:06 GMT

(NEXSTAR) – If ever there were a day to ingest all of your meats, cheeses and veggies via some type of bread-based vessel, this is it.Nov. 3 marks National Sandwich Day, a quasi-holiday established to justify every American’s burning desire to devour nothing but sandwiches at nearly every meal. And today, plenty of major sandwich chains are happy to indulge our cravings with special deals and discounts on all manner of sammies, subs, grinders and hoagies.In the mood for a sandwich? Of course you are. Take a look at today’s deals below, then cancel any non-sandwich lunch engagements you may or may not have previously scheduled.Capriotti’s Sandwich ShopOn Nov. 3, customers at Capriotti’s can get a free small sub with the purchase of another sub of any size. The offer can be found via the chain’s CAPAddicts app. You’ll never guess what a Kit Kat ‘piece’ is actually called Firehouse SubsThis National Sandwich Day, Firehouse Subs will be donating a portion of the sales from its King’s ...

Dean's Weekender: Black Harvest Film Festival, Russel Peters and more

Published Fri, 01 Nov 2024 08:18:06 GMT

Check out Dean's Weekender for the latest events coming to the Chicagoland area this weekend.Get Dean's reviews and A-List interviews delivered right to your inbox. Sign up for Dean's Downloads weekly newsletter. You'll also get his Dean Cooks recipes too!

Utah woman's leg amputated after vicious attack by her son's dogs

Published Fri, 01 Nov 2024 08:18:06 GMT

TAYLORSVILLE, Utah (KTVX) -- A 63-year-old Utah woman had a leg amputated after being attacked by her son’s dogs in her own backyard in a Salt Lake City suburb.Officers who arrived at the home in Taylorsville had to shoot and kill one of the seven dogs when it threatened them, according to a police statement.The woman called the police, reporting she had been bitten by several dogs, all of whom are owned by her 38-year-old son, who lives with her. The family of pit bulls, which included five puppies and their mother and father, were still in the backyard. First responders said when they arrived, the dogs "aggressively confronted" paramedics and police who were assessing the situation on the other side of a neighbor's fence. Police first reportedly used pepper spray to drive the dogs away so paramedics could get to the woman. Utah man says Grubhub driver accidentally gave him cup of urine Officers and paramedics were able to help the woman by corraling the dogs against an opposite...

Day 10: Officers questioned in Christopher Taylor murder trial

Published Fri, 01 Nov 2024 08:18:06 GMT

Editor's note: The above video is KXAN's coverage of this trial from Thursday, Nov. 2, 2023. AUSTIN (KXAN) -- Friday, attorneys representing Austin Police Officer Christopher Taylor will continue presenting their case after the state rested Wednesday. Taylor is on trial for murder in the death of Michael Ramos. Prosecutors expect to wrap mid-week in APD officer’s murder trial Taylor shot and killed Ramos, 42, during an incident with police back in April 2020 at a south Austin apartment complex parking lot. Taylor is on administrative leave with APD.KXAN's Grace Reader will be in the courtroom Friday providing live updates on social media platform X: Day 10: Back in the courtroom this morning for the trial of APD Officer Christopher Taylor. Officer Darrell Cantu-Harkless is back on the stand to be cross-examined. Thread here🔽— Grace Reader (@GraceReaderTV) November 3, 2023 Previous coverage of this trial: Defense takes over in APD officer’s murder trialProsecutors rest case ...

John Oliver’s ‘Last Week Tonight’ censored by UAE broadcaster over references to Khashoggi’s killing

Published Fri, 01 Nov 2024 08:18:06 GMT

By JON GAMBRELL (Associated Press)DUBAI, United Arab Emirates (AP) — A Dubai-based television network broadcasting across the Middle East cut substantial portions of an episode of the satiric news program “Last Week Tonight with John Oliver” over references to Saudi Arabia’s crown prince being implicated in the 2018 killing of Washington Post columnist Jamal Khashoggi. The decision by OSN highlights the continued limits of speech in both the United Arab Emirates, which has vowed it will allow protests at the upcoming United Nations COP28 climate talks the Gulf Arab country will host later this month, as well as neighboring Saudi Arabia. It also highlights just how sensitive the slaying of Khashoggi, who was dismembered in the Saudi Consulate in Istanbul, remains more than five years later as Prince Mohammed has sought to rehabilitate his image through diplomatic efforts. “Criticizing the royal family, criticizing the crown prince in Saudi Arabia is a te...