Net

The company was pushed into a headline loss of $20.4 billion in the quarter following its decision in February to pull its 19.75-percent stake in Russian energy group Rosneft. BP revenue jumped 40 percent to $51 billion in the first quarter from a year earlier.…

AAM's sales in the first quarter of 2022 were $1.44 billion versus $1.43 billion in Q1 2021. Sales were hit by the semiconductor chip shortage and there were also metal cost rises and a foreign exchange hit. Net income of $1.0 million, or $0.01 a share, compared with $38.6 million, or $0.33 a share. Full year revised 2022 financial targets are sales in the range of $5.6 - $5.8 billion and adjusted EBITDA of $785 million - $830 million based on North American light vehicle production of 14.3 million - 14.7…

Tenneco booked first quarter revenue of US$4.6 billion, down 2% year over year. Lower production volume was offset by material cost recoveries. EBIT of $77 million compared with $204 million in first quarter 2021. Adjusted EBITDA was $253 million, compared with $388 million a year ago. This was driven by lower production volume and timing of recoveries on higher inflationary costs for material, freight and energy. The company posted a net…

Telecommunications industry groups on Wednesday ended their bid to block California's net neutrality law that bars broadband providers from throttling service. In a federal court filing in Sacramento, the groups and California Attorney General Rob Bonta jointly agreed to dismiss the case.The move followed a January decision by the 9th US Circuit Court of Appeals allowing enforcement of the 2018 law, which bans Internet providers from slowing down or blocking access to websites and applications that don't pay for premium…

Florida governor Ron DeSantis (R) vetoed a bill, which the state’s Republican-majority House and Senate passed, that would have slashed rooftop solar credits in the state. It would have denied many homeowners net metering in the Sunshine State, and harmed its solar industry. UnderstandSolar is a free service that links you to top-rated solar installers in your region for personalized solar estimates. Tesla now offers price matching, so it’s important to shop for the best quotes. Click here to learn more and get…

Over the years, we've seen a number of drones that are designed to capture other drones. One of the latest, aptly named the Drone Interceptor, utilizes detachable net-pulling propellers to get the job done.Designed by Lithuanian hacker Aleksey Zaitsevsky, the aircraft takes the form of a quadcopter with a very high power-to-weight ratio.This characteristic allows the Drone Interceptor to quickly take off, reach the troublesome target drone, and circle around it to get a good look – an onboard camera helps with the latter,…

Long gone are the days when you used to get a reminder from the telco regarding your balance. Checking the balance is now a manual process, and if you’re wondering how to do that for your Airtel mobile number, we’re here to help you. The telco provides several ways to perform Airtel balance check, whether it is talktime, data, or SMS, on both prepaid and postpaid connections. To make it easy for you, we’ve outlined a few simple steps on how to check Airtel net balance. Knowing your Airtel balance lets you consume data,…

In recent years, Amazon has spent billions of dollars on new warehouses that cut into profits, explaining to investors that it had no choice but to meet ever-rising consumer demand.It turns out, Amazon may have built too much, too soon, analysts say.The world's largest online retailer on Thursday reported $2 billion (roughly Rs. 15,300 crore) in incremental costs from having excess fulfillment and transportation capacity, a dramatic shift from just two years ago when Amazon had to turn away merchants' goods because it had…

South Korean tech giant Samsung Electronics posted a 58.57 percent rise in first-quarter net profits on Thursday, largely driven by steady memory chip demand and brisk smartphone sales.The world's biggest memory-chip maker is the flagship subsidiary of the giant Samsung group, by far the largest of the family-controlled empires known as chaebols that dominate business in South Korea, Asia's fourth largest economy.The conglomerate is crucial to the South's economic health - its overall turnover is equivalent to a fifth of…

Bharti Airtel said on Tuesday its consolidated net profit declined by 2.8 percent to Rs. 830 crore in the third quarter of the current financial year as compared with Rs. 854 crore recorded in the corresponding period of the previous year.The company's consolidated revenues for the third quarter of the current financial year stood at Rs. 29,867 crore, posting an increase of 18.3 percent year-on-year on a "comparable basis" and 12.6 percent YoY on a "reported basis", Bharti Airtel said in a statement released after the…