Image: Facebook CEO Mark Zuckerberg. Source: Facebook By MATT O'BRIEN and BARBARA ORTUTAY Former president Donald Trump won’t return to Facebook — at least not yet. Four months after Facebook suspended Trump’s accounts, having concluded that he incited violence leading to the deadly Jan. 6 Capitol riot, the company’s quasi-independent oversight board
Image source: Porsche By Christoph Steitz Volkswagen, Europe's largest car maker, raised its operating margin target for 2021 on Thursday, pointing to stronger demand for more profitable cars in the first three months of the year. The group now expects its operating profit margin to be 5.5-7.0% this year, versus a previous forecast for 5.0-6.5%, with vehicle deliveries and sales each up by more than a fifth. The better outlook is mainly driven by improved …
Image: US Capitol Building. Source: Senate Select Committee on Intelligence By STEVE PEOPLES NEW YORK (AP) — Rep. Nicole Malliotakis, R-N.Y., said it pained her to vote against the $1.9 trillion “American Rescue Plan.” But in the weeks that followed, the first-term Republican issued a news release celebrating more than $3.7 million from the package that went to community health centers in her district as one of her “achievements.” She said she prided herself on …
By Chibuike Oguh Private-equity firm KKR & Co Inc said on Tuesday its first-quarter after-tax distributable earnings surged 63% year-on-year, driven by growth in its capital markets business and public market holdings. After-tax distributable earnings (DE) – the cash used for paying dividends to shareholders – rose to $660.2 million from $406.3 million in the previous year. That translated to DE per share of 75 cents, which exceeded the average Wall Street analyst estimate of 63 …
Image source: DuPont 1Q 2021 Earnings Conference Call presentation, May 4, 2021 Industrial materials maker DuPont raised its full-year profit and revenue forecasts and breezed past first-quarter expectations on Tuesday, boosted by demand from chip companies as well as a recovery in automobile markets. The company, which makes everything from brake fluid to fabric used in protective garments, is benefiting from a recovery in demand from the COVID-19 pandemic-led slump as economies reopen and costs cuts …
Image: Qualcomm President Christiano Amon. Source: Qualcomm We are still in the early innings of the massive and new 5G wireless game. To date, Qualcomm seems to be doing very strong business here in the USA and, in fact, globally. The company's recent earnings report for its fiscal second quarter says earnings per share and revenue continued to show strong growth. To tell you the truth, looking forward, I don’t see anything standing in Qualcomm's way. This growth …