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What Cedar Fair-Six Flags $8 billion merger means for California theme parks

Published Tue, 17 Dec 2024 00:30:04 GMT

Longtime theme park fans shaking at the notion of a Cedar Fair-Six Flags merger can take some solace that Cedar Fair will be handling operations even if the Six Flags name is about to be slapped on every park in the expanded theme park chain.Knott’s Berry Farm owner Cedar Fair and Magic Mountain owner Six Flags agreed on Thursday, Nov. 2 to an $8 billion merger of equals that will combine the two companies into a North American amusement park juggernaut.The combined company will be known as Six Flags once the deal is done.That’s right. You’re going to have to get used to saying Six Flags Knott’s Berry Farm. Or Six Flags Berry Farm. Or Knott’s Berry Farm presented by Six Flags. Or some other mouthful of a name involving Six Flags branding. The Six Flags national name recognition is one of the key things Cedar Fair gets out of the deal.Together, Cedar Fair and Six Flags will have a portfolio of 27 amusement parks and 15 water parks in the United States, Canada and Mexico that attracte...

Cardinal: Fiscal Q1 Earnings Snapshot

Published Tue, 17 Dec 2024 00:30:04 GMT

DUBLIN, Ohio (AP) — DUBLIN, Ohio (AP) — Cardinal Health Inc. (CAH) on Friday reported fiscal first-quarter net income of $5 million.On a per-share basis, the Dublin, Ohio-based company said it had net income of 2 cents. Earnings, adjusted for one-time gains and costs, were $1.73 per share.The results surpassed Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $1.40 per share.The prescription drug distributor posted revenue of $54.76 billion in the period, also exceeding Street forecasts. Five analysts surveyed by Zacks expected $54.53 billion.Cardinal expects full-year earnings in the range of $6.75 to $7 per share.Cardinal shares have climbed 22% since the beginning of the year, while the S&P’s 500 index has increased 12%. The stock has climbed 25% in the last 12 months._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Acc...

Church & Dwight: Q3 Earnings Snapshot

Published Tue, 17 Dec 2024 00:30:04 GMT

EWING, N.J. (AP) — EWING, N.J. (AP) — Church & Dwight Co. (CHD) on Friday reported third-quarter net income of $177.5 million.The Ewing, New Jersey-based company said it had profit of 71 cents per share. Earnings, adjusted for non-recurring costs, came to 74 cents per share.The results beat Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of 68 cents per share.The maker of household and personal products posted revenue of $1.46 billion in the period, also surpassing Street forecasts. Nine analysts surveyed by Zacks expected $1.43 billion.Church & Dwight expects full-year earnings to be $3.15 per share.Church & Dwight shares have increased 14% since the beginning of the year. The stock has risen 27% 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 CHD at https://www.zack...

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

Published Tue, 17 Dec 2024 00:30:04 GMT

DUBAI, United Arab Emirates (AP) — A Dubai-based television network broadcasting across the Mideast 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 it will host later this month, as well as neighboring Saudi Arabia. It also highlights just how sensitive Khashoggi’s dismemberment and killing in the Saudi Consulate in Istanbul remains over 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 terrorist offense and you can be prosecuted for terrorism,” said Sarah Leah Whitson, the e...

Sempra: Q3 Earnings Snapshot

Published Tue, 17 Dec 2024 00:30:04 GMT

SAN DIEGO (AP) — SAN DIEGO (AP) — Sempra Energy (SRE) on Friday reported third-quarter profit of $721 million.The San Diego-based company said it had net income of $1.14 per share. Earnings, adjusted for non-recurring gains, were $1.08 per share.The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.01 per share.The natural gas and electricity provider posted revenue of $3.33 billion in the period, falling short of Street forecasts. Three analysts surveyed by Zacks expected $3.84 billion.Sempra expects full-year earnings in the range of $4.30 to $4.60 per share._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SRE at https://www.zacks.com/ap/SRESource

Blinken presses for pause in Gaza fighting on visit to Israel amid fears war could widen

Published Tue, 17 Dec 2024 00:30:04 GMT

Palestinians carry an injured woman after being rescued from under the rubble of a destroyed building following an Israeli airstrike in Bureij refugee camp, Gaza Strip, Thursday, Nov. 2, 2023. (AP Photo/Mohammed Dahman)(AP/Mohammed Dahman) Palestinians carry an injured woman after being rescued from under the rubble of a destroyed building following an Israeli airstrike in Bureij refugee camp, Gaza Strip, Thursday, Nov. 2, 2023. (AP Photo/Mohammed Dahman)(AP/Mohammed Dahman) KHAN YOUNIS, Gaza Strip (AP) — U.S. Secretary of State Antony Blinken met Israel’s prime minister on Friday to press American calls for a humanitarian pause in the fighting in Gaza, even as fears grew that the conflict could widen, with ...

Healthcare Realty Trust: Q3 Earnings Snapshot

Published Tue, 17 Dec 2024 00:30:04 GMT

NASHVILLE, Tenn. (AP) — NASHVILLE, Tenn. (AP) — Healthcare Realty Trust Incorporated (HR) on Friday reported a key measure of profitability in its third quarter. The results met Wall Street expectations.The real estate investment trust, based in Nashville, Tennessee, said it had funds from operations of $148.1 million, or 39 cents per share, in the period.The average estimate of six analysts surveyed by Zacks Investment Research was for funds from operations of 39 cents per share.Funds from operations is a closely watched measure in the REIT industry. It takes net income and adds back items such as depreciation and amortization.The company said it had a loss of $67.8 million, or 18 cents per share.The medical office building real estate investment trust, based in Nashville, Tennessee, posted revenue of $342.3 million in the period, exceeding Street forecasts. Six analysts surveyed by Zacks expected $341 million._____This story was generated by Automated Insights (http://automatedi...

Telus International: Q3 Earnings Snapshot

Published Tue, 17 Dec 2024 00:30:04 GMT

VANCOUVER, British Columbia (AP) — VANCOUVER, British Columbia (AP) — Telus International Inc. (TIXT) on Friday reported third-quarter profit of $9 million.On a per-share basis, the Vancouver, British Columbia-based company said it had net income of 3 cents. Earnings, adjusted for one-time gains and costs, were 21 cents per share.The results fell short of Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 22 cents per share.The digital services provider posted revenue of $663 million in the period, beating Street forecasts. Four analysts surveyed by Zacks expected $657.9 million.Telus International expects full-year earnings in the range of 90 cents to 97 cents per share, with revenue in the range of $2.7 billion to $2.73 billion._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on TIXT at https://www.za...

Bloomin’ Brands: Q3 Earnings Snapshot

Published Tue, 17 Dec 2024 00:30:04 GMT

TAMPA, Fla. (AP) — TAMPA, Fla. (AP) — Bloomin’ Brands Inc. (BLMN) on Friday reported third-quarter net income of $44.5 million.The Tampa, Florida-based company said it had net income of 45 cents per share. Earnings, adjusted for non-recurring gains, came to 44 cents per share.The results exceeded Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 41 cents per share.The owner of Outback Steakhouse and other casual dining spots posted revenue of $1.08 billion in the period, which met Street forecasts.Bloomin’ Brands expects full-year earnings in the range of $2.80 to $2.90 per share.Bloomin’ Brands shares have climbed 17% since the beginning of the year. The stock has climbed nearly 2% 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 BLMN at https://www.zacks.co...

Shipping company Maersk to slash 10,000 jobs, citing the difficult container trade environment

Published Tue, 17 Dec 2024 00:30:04 GMT

COPENHAGEN, Denmark (AP) — Maersk, the world’s biggest shipping company, said Friday that it plans to eliminate 10,000 jobs due to what it described as a challenging environment for container trade and logistics services. The company said the move would result in savings of $600 million in 2024.The announcement was made as Copenhagen-based Maersk presented its quarterly report, which listed profits before taxes at $691 million, down from $9.1 billion for the same period last year. The report cited “challenging market conditions resulting in substantially lower freight rates compared to the abnormally high rates in 2022.”A.P. Moller-Maersk CEO Vincent Clerc said the company will continue to streamline its organization and operations. ”Our industry is facing a new normal with subdued demand, prices back in line with historical levels and inflationary pressure on our cost base,” Clerc said. “Given the challenging times ahead, we accelerated several cost- and cash- containment measures ...