Mar. 29—A gun buyback program in Farmington run by a gun violence prevention group last year did not violate laws requiring background checks on gun sales, the state Department of Justice opined recently. In a letter issued earlier this month to Rick Tedrow, district attorney for San Juan County, Chief Deputy Attorney General James Grayson […]
By Casey Hall SHANGHAI (Reuters) – Alibaba’s plan to buy full control of its logistics subsidiary rather than spinning it off could signal the Chinese giant is taking competition from e-commerce rivals Shein and Temu more seriously in overseas markets, analysts said. The company on Tuesday said it has decided against listing Cainiao – a […]
(Bloomberg) — British American Tobacco Plc, the maker of Lucky Strike cigarettes, plans to sell as much as $2.1 billion of shares in Indian partner ITC Ltd. in a move that will help it return cash to shareholders and invest in its business. Most Read from Bloomberg London-listed BAT is offering 436.9 million shares at […]
(Bloomberg) — JD.com Inc. initiated a $3 billion stock repurchase program and reported a better-than-expected 3.6% rise in revenue, helped by a broader product lineup and price cuts to target cost-conscious Chinese consumers. Most Read from Bloomberg The online retailer reported sales of 306.1 billion yuan ($42.6 billion) from October to December, versus the average […]
SINGAPORE (AP) — Chinese e-commerce firm Alibaba Group Holding on Wednesday approved an additional $25 billion authorization to its share buyback program, amid lower-than-expected sales revenue for the last quarter of 2023. Alibaba posted a 5% increase in sales to 260.3 billion yuan ($36.67 billion) for its quarter ended December, slightly missing analyst estimates. Net […]
China-based internet giant Alibaba (BABA) reported better-than-expected fiscal third-quarter revenue early Wednesday as the company also announced a $25 billion increase to its share buyback program. BABA shares advanced early Wednesday. X Alibaba announced Q3 revenue of $36.67 million, or 260.35 million Chinese yuan. Meanwhile, Alibaba adjusted earnings per American depository share (ADS) came in […]
SHANGHAI (Reuters) -China’s Alibaba Group Holding on Wednesday missed analysts’ estimates for third-quarter revenue, hurt by softness in the retail market and sagging economic recovery in the world’s second-largest. The company’s U.S.-listed shares, which announced an increase of $25 billion to its share repurchase program through the end of March 2027, were up 3.5% in […]
Meta Platforms (META) stock rocketed higher on Friday, climbing more than 20% after the company posted better-than-expected earnings and guidance and announced new shareholder return initiatives. With Friday’s rally, the company was on pace to add more than $200 billion to its market cap, which would be a stock market record, according to Bloomberg data. […]
Shares of Meta Platforms (META) rocketed higher at the start of trading Friday, climbing more than 16% after the company posted better than expected earnings and guidance, and announced new shareholder return initiatives. For the fourth quarter, Meta reported adjusted earnings per share (EPS) of $5.33 on revenue of $40.11 billion. Analysts were anticipating adjusted […]
Social media giant Meta Platforms (META) reported fourth quarter earnings that beat analyst estimates on the top and bottom lines, with the company offering a strong outlook for the current quarter and announcing new shareholder return initiatives. For the fourth quarter, Meta reported adjusted earnings per share (EPS) of $5.33 on revenue of $40.11 billion. […]
EL PASO, Texas (KTSM) — New Mexico State Police collected more than 1,200 guns from four locations during its second Gun Buyback event on Saturday, Jan. 6. Gun Buyback events were held in Las Cruces, Albuquerque, Espanola and Farmington. People voluntarily and anonymously turned in unwanted firearms and received Visa gift cards in return. “Buybacks […]