Chrysler on the road to profit

first_img KCS-content Share whatsapp whatsapp Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofChicken Bao: Delicious Recipes Worth CookingFamily ProofNew England Patriots’ Cam Newton says no extra motivation from Mac Jones’SportsnautCheese Crostini: Delicious Recipes Worth CookingFamily Proof Monday 31 January 2011 9:09 pm Show Comments ▼ Chrysler on the road to profit Tags: NULL US CARMAKER Chrysler took a step closer to profit in its fourth quarter results, despite losses of $199m (£125m).The firm narrowed its losses from October through December last year from the $2.7bn deficit it recorded for the same period of 2009.Chrysler, which is controlled by Italian carmaker Fiat, also predicted it would return to profits of between $200m and $500m this year.The US and Canadian governments propped up the firm during the financial crisis and could sell a 10 per cent stake in the company this year in an initial public offering. last_img read more

SAS REPORTS BIGGER-THAN-EXPECTED LOSS

first_img SAS REPORTS BIGGER-THAN-EXPECTED LOSS KCS-content whatsapp Tags: NULL Wednesday 9 February 2011 7:21 pm Scandinavian airline SAS reported a bigger than expected fourth-quarter loss yesterday but said it hopes to be back in profit this year. Pretax losses in the fourth quarter shrank to 464m crowns ($72m) from 1.52bn crowns in the same period of 2009, but analysts had expected a sharper reduction, to 174m crowns. whatsapp Show Comments ▼ Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofChicken Bao: Delicious Recipes Worth CookingFamily ProofCheese Crostini: Delicious Recipes Worth CookingFamily ProofNew England Patriots’ Cam Newton says no extra motivation from Mac Jones’Sportsnaut Sharelast_img read more

World economy fires up with rate hikes expected

first_imgWednesday 16 February 2011 8:39 pm whatsapp whatsapp Read This Next’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe Wrap4 ideal Zion Williamson trade scenarios from the New Orleans PelicansSportsnautRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapRick Leventhal to Exit Fox News Just as His Wife Kelly Leaves ‘RealThe WrapNewsmax Rejected Matt Gaetz When Congressman ‘Reached Out’ for a JobThe Wrap’In the Heights’ Underwhelms at Box Office With $11.4 Million DebutThe WrapJason Whitlock, Former ESPN and Fox Sports Reporter, Resurfaces at BlazeThe WrapFox News’ Mark Levin Says Capitol Riot Suspects ‘Would Be Treated Better’The Wrap’Sex and the City’ Sequel Series at HBO Max Adds 4 More ReturningThe Wrap Show Comments ▼ Tags: NULL KCS-content World economy fires up with rate hikes expected Share GLOBAL economic recovery is back on track, according to a world survey released yesterday. After a slight decline at the end of 2010, the measure of the economic climate “has risen markedly,” reaching its highest level since the end of 2007, the Munich-based Ifo think tank said.Both the current situation and the six month outlook have improved, it said, with the headline indicator “now clearly above its long-term average.”And expectations that interest rates will increase in the coming six months have risen “nearly everywhere,” the survey said. Central banks are expected to tighten policy in response to rising price pressures in “nearly all countries.”On average for the world, a price increase of 3.4 per cent is expected for 2011, in comparison to 3.1 per cent for the previous year. In western Europe prices are expected to rise by two per cent. last_img read more

Credit crunch hits UK saving habits hard

first_img whatsapp KCS-content Tags: NULL whatsapp by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastPeople TodayNewborn’s Strange Behavior Troubles Mom, 40 Years Later She Finds The Reason Behind ItPeople TodaySerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBeElite HeraldExperts Discover Girl Born From Two Different SpeciesElite Heraldautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.com Sharecenter_img Wednesday 2 March 2011 9:07 pm Credit crunch hits UK saving habits hard Show Comments ▼ MORE than one in three British adults are failing to save any money at all, research showed today.The after effects of recession, credit crunch and soaring living costs have combined to produce a generation of lost savers, according to a survey by YouGov and Scottish Widows.The proportion of people saving has plummeted from 77 per cent at the start of 2009, to 64 per cent now, they said. Around 18m people in the UK are now “non-savers”, with middle-earners and the middle-aged hardest hit by falls in saving, the statistics revealed.Coined the “sandwich generation”, facing financial demands from both children and elderly parents, Britons aged 45 to 54 also face longer working lives to make ends meet.The number of people working over the age of 65 more than doubled from 2001 to 2010, according to separate research published by the Office for National Statistics yesterday.At the end of last year 870,000 over-65s were in work, compared to 412,000 people in 2001.Three quarters of middle-aged people saved some money in 2009, but saving has collapsed among this group since. Only 60 per cent of people aged 45 to 54 are now savers, the survey said.People earning middle incomes (£20,000 — £30,000 per annum) who save money dropped six per cent in the last two years, down to 69 per cent. Today’s young people could be 44 before they can afford to buy a home, the report warned. Two thirds of those who did not save cited living costs as the main reason, while a third blamed debts.The report also showed a north-south “savings gap” with the number of people failing to save anything in the north up by almost 50 per cent since 2009, compared to an increase of just 11 per cent in the south-east and south-west. The Bank of England faces growing criticism for holding rates at emergency lows, while spiralling inflation increasingly squeezes households. Interest rates were dragged down to their historic low of 0.5 per cent in 2008 and 2009, where they have been held for two years this month. Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The Wrap’Black Widow’ First Reactions: ‘This Is Like the MCU’s Bond Movie’The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe WrapKatt Williams Explains Why He Believes There ‘Is No Cancel Culture’ inThe Wraplast_img read more

Trade gap widens for America

first_imgThursday 10 March 2011 7:12 pm Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryUndoMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUndoTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastUndoSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesUndoBrake For ItThe Most Worthless Cars Ever MadeBrake For ItUndoPeople TodayNewborn’s Strange Behavior Troubles Mom, 40 Years Later She Finds The Reason Behind ItPeople TodayUndoBetterBe20 Stunning Female AthletesBetterBeUndoautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comUndoElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldUndo The US trade deficit unexpectedly widened to $46.3bn (£28.7bn) in January from a revised $40.3bn in December, as surging costs of oil imports, capital goods, and cars overpowered record exports. Meanwhile, new claims for unemployment benefits increased 26,000 to a seasonally adjusted 397,000, the Labor Department said yesterday. Trade gap widens for America Show Comments ▼ whatsapp center_img KCS-content whatsapp More From Our Partners Russell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comKiller drone ‘hunted down a human target’ without being told tonypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgMark Eaton, former NBA All-Star, dead at 64nypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgPuffer fish snaps a selfie with lucky divernypost.comKamala Harris keeps list of reporters who don’t ‘understand’ her: reportnypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.com Tags: NULL Sharelast_img read more

Afren bullish on targets for 2011

first_img KCS-content whatsapp Show Comments ▼ Tuesday 29 March 2011 8:41 pm Afren bullish on targets for 2011 Africa-focused oil and gas company Afren said production operations at a key field in Nigeria have started, giving it confidence it would reach its output targets this year.Afren said oil production from its Ebok project started in February, behind its earlier goal of October, but in line with guidance it gave in December, as it confirmed it was on track to produce 40,000 barrels of oil equivalent per day in 2011.“We’ll reach 15,000 barrels a day from the first phase during the course of April and 35,000 barrels a day by the end of the second quarter,” said chief executive Osman Shahenshah yesterday. Share whatsapp Read This NextWATCH: Shohei Ohtani continues home run tear, Los Angeles Angels winSportsnautYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofChicken Bao: Delicious Recipes Worth CookingFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofBaked Sesame Salmon: Recipes Worth CookingFamily Proof’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofCheese Crostini: Delicious Recipes Worth CookingFamily Proof Tags: NULLlast_img read more

BHP dismisses Woodside bid talk

first_img by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMoneyPailShe Was Famous, Now She Works In {State}MoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesDrivepedia20 Of The Most Underrated Vintage CarsDrivepediaZen HeraldThe Truth About Why ’40s Actor John Wayne Didn’t Serve In WWII Has Come To LightZen HeraldBetterBeDrones Capture Images No One Was Suppose to SeeBetterBeElite HeraldExperts Discover Girl Born From Two Different SpeciesElite Heraldautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.com More From Our Partners Florida woman allegedly crashes children’s birthday party, rapes teennypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgMark Eaton, former NBA All-Star, dead at 64nypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.com Show Comments ▼ whatsapp BHP Billiton played down speculation it was in talks to acquire a cornerstone stake that could be worth $10.3bn (£6.2bn) in Australia’s largest oil and gas firm, Woodside Petroleum, from Royal Dutch Shell.BHP Billiton, widely rumoured to be considering a takeover of Woodside, said in a short statement that there was no basis for the market talk, which has centred on BHP acquiring Shell’s 24.3 per cent stake as a step towards a full takeover.“BHP Billiton advises that the market is currently fully informed of all material information and is not aware of any basis for the market speculation,” the miner said.Earlier, Western Australia’s state premier said he was aware that talks had been going on concerning BHP’s interest in Shell’s stake in Woodside but did not elaborate.Bankers says there are continuous low-level talks between all three parties – BHP, Shell and Woodside – and doubt these have yet progressed to the stage where a deal is imminent.Western Australian Premier Colin Barnett spoke out against any takeover of Woodside.“Hands-off Woodside,” he bluntly told an energy conference in Perth, adding that the industry would lose out if Woodside was taken over though he did not elaborate.His comments came amid reports that Anglo-Australian miner was in talks with Royal Dutch Shell on buying its 24.3 perrcent stake in Woodside ahead of a potential takeover. The reports had earlier sent Woodside shares up more than seven per cent. Share center_img whatsapp BHP dismisses Woodside bid talk Tags: NULL Monday 11 April 2011 2:55 am John Dunne last_img read more

FanDuel selects IGT for New Jersey sports betting

first_img Email Address Online and mobile wagering part of deal to be introduced in ‘the coming months’ FanDuel selects IGT for New Jersey sports betting Topics: Sports betting Strategy AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Subscribe to the iGaming newslettercenter_img Sports betting Regions: US New Jersey 17th July 2018 | By contenteditor FanDuel Group has selected International Game Technology (IGT) to serve as the daily fantasy sports operator’s sports betting platform provider in New Jersey.As reported by iGamingBusiness.com, the FanDuel Sportsbook opened in the US at Meadowlands Racetrack in New Jersey on Saturday, just days after the company’s acquisition by Paddy Power Betfair’s US division was finalised. FanDuel will leverage Paddy Power Betfair’s pricing, trading and risk management capabilities, which have been integrated into the IGT platform, along with a bespoke user interface.After initially introducing “over-the-counter” sports wagering, the offering will be expanded “over the coming months” to include self-service kiosks and other retail services, as well as FanDuel Sportsbook-branded online and mobile wagering, also using the IGT technology.A spokesperson for IGT told iGamingBusiness.com that the company would not elaborate on whether the online and mobile offering would launch ahead of the start of the NFL American football season in September.“When we evaluated sports betting platform provider partners in the US, IGT was the ideal choice, based on the company’s proven history in the space and the quality, reliability and flexibility of the sports betting technology that it has deployed for customers around the world,” FanDuel CEO Matt King (pictured) said.Last month, IGT signed a deal to provide its sports betting platform to MGM Resorts International in New Jersey. Enrico Drago, IGT’s senior vice-president interactive, sports betting, licences, added: “As sports betting in the US continues to evolve, IGT is prepared to address the needs of its partners through proven solutions and technologies that can be deployed today to advance sports betting across land-based and mobile platforms.”last_img read more

NetEnt lands permanent iGaming licence in New Jersey

first_img Subscribe to the iGaming newsletter 18th February 2019 | By contenteditor NetEnt lands permanent iGaming licence in New Jersey Email Address Casino & games Regions: US New Jersey Tags: Online Gambling AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Topics: Casino & games Legal & compliance Swedish casino games developer NetEnt has been awarded a permanent Casino Service Industry Enterprise licence by the New Jersey Division of Gaming Enforcement (NJDGE). Swedish casino games developer NetEnt has been awarded a permanent Casino Service Industry Enterprise licence by the New Jersey Division of Gaming Enforcement (NJDGE).NetEnt has been active in the US state since 2015 under a transactional waiver while its full licence application was reviewed by the NJDGE, but the new licence cements its place in the New Jersey market.This approval marks the first time that NetEnt has secured a permanent online gaming licence in the US.The developer, which is active in New Jersey via its NetEnt Americas subsidiary, works with a number of operators in the state.Current New Jersey-facing customers include 888 Holdings, Gamesys US, Stars Group, Caesars Interactive Entertainment, Golden Nugget and Resorts Casino.“We have been present in New Jersey since 2015 and have supported the regulator throughout the licensing process,” NetEnt Americas managing director, Erik Nyman, said.“The license marks yet another step in our US expansion as we hope to enter additional states if and when they regulate online casino.”Confirmation of the licence comes after NetEnt CEO Therese Hillman demanded improvement from the developer, despite posting an 8.9% year-on-year increase in revenue in 2018. Revenue for the 12 months to December 31, 2018 amounted to SEK1.8bn (£150.6m/€171.8m/$194.4m).Hillman also said that NetEnt was following developments in the US in the wake of the Department of Justice’s Office of Legal Counsel revising its stance on the Wire Act.Hillman said the ruling has “created some uncertainty”, but at this stage does not see the need to reconsider its plans for the US market, citing New Jersey and Pennsylvania as key growth states.Image: Bob Jagendorflast_img read more

Gambling.com cites organic growth after posting profit in 2018

first_img Gambling.com cites organic growth after posting profit in 2018 Finance Subscribe to the iGaming newsletter AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter 27th February 2019 | By contenteditor Gambling.com Group has cited organic growth, in combination with M&A activity, as a key driver of a year-on-year increase in revenue for 2018, and for helping it post a profit for the period after making a loss in its 2017 financial year.Revenue for the 12 months through to December 31, 2018, amounted to €16.2m (£13.9m/$18.4m), up 63% on €9.97m in the previous year. The Nasdaq Stockholm-listed group has said that acquisitions played a major part in this increase, in combination with organic growth over the year. Organic growth for 2018 was 37% and, when excluding paid revenue, this stood at 46%. Search revenue was responsible for the majority of overall revenue, contributing €13.6m of the total, up from €7.57m in 2017. Paid revenue amounted to €2.62m, compared to €2.4m last year. The company noted an increase in expenses for the full year, with this amount up from €7.36m to €11.89m. Much of this was down to higher personnel expenses, the performance-marketing business spending €3.9m compared to €1.3m last year. The group said that it has scaled-up its operational resources in terms of management, personnel, full-time consultants and board of directors to support its wider growth plans. There were also increased expenses across direct costs related to paid revenue, with this rising from €2.38m to €2.58m, while depreciation and amortisation also climbed from €342,000 to €627,000. Elsewhere, non-recurring costs related to financing and investing increased from €222,000 to €849000, with other operating expenses up from €3.1m to €3.97m. However, despite the higher expenses, Gambling.com Group plc was able to post a healthy profit of €5.4m for the year, a stark improvement on the loss of €4.7m that was reported at the end of 2017. Operating profit increased from €2.6m to €4.3m, while profit before tax was also up from a loss of €4.8m to a positive of €5.5m. Adjusted EBITDA, excluding non-recurring costs, for the full year amounted to €5.8m, up 84% on €3.2m in 2017, while EBITDA climbed 69% year-on-year to €4.98m. Reflecting on the results, chief executive Charles Gillespie praised the performance, highlighting record revenue figures for the fourth quarter as a particular highlight. Q4 revenue amounted to €4.9m, up by 81% on €2.7m in 2017, while adjusted EBITDA increased 93% year-on-year to €1.4m and EBITDA 92% to €1.6m. Gambling.com experienced a loss of €477,000 for the quarter, but this was an improvement on the loss of €2.8m in the same period last year. “The group’s assets have continued to perform across the board, but particularly well in terms of organic search on the back of the Google algorithm updates from the second half of 2018,” Gillespie said. Gillespie also acknowledged regulatory changes in regions around the world that are likely to impact the business moving forward. In terms of the US, Gillespie is positive about opportunities in the US, despite the Department of Justice’s updated opinion on the Wire Act. “The legal standing of the updated opinion is highly contentious, has been vigorously attacked by former DOJ officials, politicians, legislators, attorneys general and the mainstream media, and already faces multiple court challenges,” he said. “We see the long-term effects of the new opinion being limited, but the short-term impact will be a headwind on states looking at regulating sports betting this year. “Despite the re-interpreted Wire Act, we have seen sports betting bills being introduced in 25 states so far in 2019. The proposals vary, many of which do not include provisions for a viable online gambling market in their current forms, but the amount of activity is extraordinary, and the general trend is positive.” Gillespie also gave opinion on changes in the European regulatory landscape, including in Sweden where the new, regulated market went live on January 1. Gillespie said that group assets are performing well in terms of new depositing customer production, but player value has somewhat decreased as the market absorbs the new taxes and fees required to operate. In December, the plc listed €16m in senior secured notes on the Nasdaq Stockholm exchange in a move Gillespie said would boost its credibility and support its expansion plans in the US. In terms of new regulations in the UK, where Remote Gaming Duty will increase from 15% to 21% as of April 1 this year, Gillespie said this represents “a small headwind in terms of player values” in what is the group’s largest market. “Despite the short-term regulatory challenges, we remain confident in our ability to deliver substantial growth over the next 12 months,” he said. “A key focus area for 2019 is diversifying away from the UK into other regulated markets. “We are also re-doubling our efforts to maintain our lead in terms of technology by investing further into our internal tools. “We remain determined to continue to build long-term value for the group by becoming a leader in performance marketing in the United States while further strengthening our position in Europe.”center_img Gambling.com Group has cited organic growth, in combination with M&A activity, as a key driver of a year-on-year increase in revenue for 2018, and for helping it post a profit for the period after making a loss in its 2017 financial year. 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