Business

A "Sale Pending" sign in front of a home in Pinole, California, US, on Tuesday, Dec. 26, 2023.David Paul Morris | Bloomberg | Getty ImagesSales of existing homes surged 9.5% in February from January to 4.38 million units, on a seasonally adjusted annualized basis, according to the National Association of Realtors. Housing analysts had been expecting a slight drop.Sales were down 3.3% year over year, but it was the largest monthly gain since February of last year. Sales surged the most in the West, up 19.4%, and the South,…

The PowerUp Initiatives for Electricity Rights (PowerUp Nigeria) has urged the Federal Executive Council (FEC) to revive the award of a N12.7 billion meter installation contract to De Haryor Global Services Limited. Adetayo Adegbemle, executive director of PowerUp Nigeria, made the call in a statement on Wednesday. PowerUp Nigeria is an electricity consumer rights and policy advocacy organization. The Nigerian government had earlier in the week announced the flag-off of a N40 billion mass metering project to end…

Another day, another opening of a gas station/convenience store by a company with a well-known brand and loyal following that is intent on making inroads into Colorado. QuikTrip Corp., based in Tulsa, Okla., officially marked the opening of its second Denver store Wednesday by inviting community members and nonprofits the company works with to a ribbon-cutting ceremony. The store at 6477 E. Evans Ave. is the 11th QuikTrip built in Colorado since 2022. The celebration of the store’s opening came two days after Texas-based…

As ski passes for the 2024-25 season go on sale this month, one small Colorado resort has decided it will not open for at least the next year. Hesperus Ski Area near Durango said it “will not operate for the 2024/2025 season. … Both downhill and uphill skiing as well as winter tubing will not be available.” That means Hesperus will be closed for two consecutive seasons after a mechanical failure with its sole chairlift prevented the ski area from opening this winter. While Hesperus’ Bighorn Lift is still in disrepair,…

A sign hangs on the front of an Olive Garden restaurant on June 22, 2023 in Chicago, Illinois.Scott Olsen | Getty ImagesDarden Restaurants on Thursday reported mixed quarterly results as the Olive Garden owner's same-store sales shrank for the first time since the pandemic.Shares of the company fell more than 4% in premarket trading.Here's what the company reported compared with what Wall Street was expecting, based on a survey of analysts by LSEG, formerly known as Refinitiv:Earnings per share: $2.62 adjusted, meeting…

Disney's ESPN is at a crossroads.For more than 40 years, the world's largest all-sports network has grown annual revenue by increasing cable subscription fees. ESPN first charged pay-TV distributors less than $1 per month per subscriber in the 1980s. In 2023, ESPN's monthly carriage fee was $9.42 per subscriber, according to data from S&P Global Market Intelligence.That business model is eroding. Since 2013, tens of millions of Americans have canceled their cable TV subscriptions, raising questions about ESPN's future…

Bob Chapek, chief executive officer of Disney, speaks at the 2022 Disney Legends Awards during Disney's D23 Expo in Anaheim, California, Sept. 9, 2022.Mario Anzuoni | ReutersIn his first public comments since Disney fired him as CEO in November 2022, Bob Chapek told CNBC he sees no reason for Disney-owned ESPN to add minority partners."Strategically, I don't really see a benefit in bringing on yet another minority partner into ESPN," Chapek said as part of the CNBC documentary "ESPN's Fight for Dominance," which…

Aravind Srinivas credits Google CEO Sundar Pichai for giving him the freedom to eat eggs.Srinivas remembers the moment seven years ago when an interview with Pichai popped up in his YouTube feed. His vegetarian upbringing in India had excluded eggs, as it had for many in the country, but now, in his early twenties, Srinivas wanted to start eating more protein. Here was Pichai, a hero to many aspiring entrepreneurs in India, casually describing his morning: waking up, reading newspapers, drinking tea—and eating an…

“The ‘heart of joy’ effectively takes 30 years of experience and blends it into a single control unit,” BMW chief technical officer Frank Weber tells WIRED. “Everything that is driving-performance-related, chassis-control-related, powertrain-related—it’s all integrated into one control unit. If you love the idea of the ultimate driving machine, there are functions in there that are crazy. It’s the same for the infotainment system. To do it properly for your customers, you have to own the critical software stacks and the…

The French luxury giant said it expects a revenue decline of about 10% from last year’s first quarter, when group revenue was €5.01 billion. The French luxury giant said it expects a revenue decline of about 10% from last year’s first quarter, when group revenue was €5.01 billion. FOLLOW US ON GOOGLE NEWS Read original article here Denial of responsibility! Techno Blender is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks…