Operating

The Ports of Auckland in New Zealand has welcomed a new member to its maritime family. A bright green, electric tugboat named Sparky recently arrived in Auckland as “the world’s first full-sized ship-handling electric tug.” By delivering the same bollard pull as the Ports of Auckland’s strongest diesel tug, Sparky represents a future in which zero-emissions ship handling is possible around the globe. In 2019, Ports of Auckland signed a contract with Dutch maritime manufacturer Damen Shipyards to purchase a…

Jordan Novet / CNBC: Salesforce reports Q1 revenue of $7.41B, up 24% YoY, vs $7.38B est., net income down 94% YoY to $28M, and operating cash flow up 14% YoY to $3.68B; stock up 6%+ — - Salesforce earnings beat expectations on the top and bottom lines. — Management raised its earnings forecast … Jordan Novet / CNBC: Salesforce reports Q1 revenue of $7.41B, up 24% YoY, vs $7.38B est., net income down 94% YoY to $28M, and operating cash flow up 14% YoY to $3.68B; stock up…

Power steering specialist China Automotive Systems said first quarter 2022 sales increased 4.7% year on year to US$136.4 million. Gross profit was $14.7 million with a margin of 10.8%, compared with $19.7 million and 15.1% in Q1 2021. Operating loss was $1.5 million compared profit of $4.2 million. The loss was primarily due to lower gross profits and higher operating expenses in 2022, CAS said. Net loss was $0.06 million compared to a…

Credit: SLAC National Accelerator LaboratoryThe new facility, LCLS-II, will soon sharpen our view of how nature works on ultrasmall, ultrafast scales, impacting everything from quantum devices to clean energy.Nestled 30 feet underground in Menlo Park, California, a half-mile-long stretch of tunnel is now colder than most of the universe. It houses a new superconducting particle accelerator, part of an upgrade project to the Linac Coherent Light Source (LCLS) X-ray free-electron laser at the Department of Energy (DOE)’s…

South Korea's LG Display on Wednesday saw its third-quarter operating profit more than triple as strong television demand boosted panel prices but said it expects the buying spree prompted by the pandemic to slow next year.The Apple supplier posted an operating profit of KRW 529 billion (roughly Rs. 3,390 crore) or the July-September quarter versus KRW 164 billion (roughly Rs. 1,050 crore) a year earlier.It missed an average analyst forecast of KRW 600 billion (roughly Rs. 3,840 crore) compiled by Refinitiv…

An auto repair shop at the edge of downtown since 1965 is being planned for redevelopment. Tennessee-based GBT Realty Corp. submitted a concept plan to the city of Denver last month proposing the construction of a 25-story residential building at 2000 N. Broadway, currently home to a Firestone shop. GBT already owns the approximately half-acre property, having paid $5.4 million in May 2021 to purchase it from Bridgestone Retail Operations LLC, records show. Bridgestone and Firestone merged in the 1980s. A GBT…

VW is adding capacity to make the ID.4 SUV-BEV VW brand operating operating profit before special items increased 4.6 percent to EUR 513 million in the first quarter. The Volkswagen brand strengthened the VW Group’s economic efficiency in the first quarter of 2022, the brand says. In the first three months, operating profit for the Volkswagen brand before special items increased to EUR 513 million (Q1 2021: EUR 490…

Block, the fintech firm led by Twitter co-founder Jack Dorsey, said on Thursday it had not seen a decline in overall consumer spending through April, after reporting a first-quarter operating profit that topped Wall Street targets.Block's shares rose 10 percent in extended trading even though the company, formerly known as Square, reported a lower-than-anticipated adjusted profit as demand for bitcoin weakened due to a decline in cryptocurrency prices.The company, which offers merchant payment services and an app that…

The Green League, an environmental group, has launched an effort to revoke Tesla’s operating license for Gigafactory Berlin after learning of a significant paint leak. Part of the reason why it took so long for Tesla to obtain its operating license at Gigafactory Berlin was environmental groups, including The Green League, petitioning the courts to stop the project for a myriad of reasons from deforestation to water control. It didn’t work because Tesla finally managed to obtain its operating license during the…

Samsung Electronics expects operating profits for the first quarter to rise 50.3 percent, the South Korean tech giant said in a statement Thursday, despite global supply chain woes.The world's biggest smartphone maker forecast 2022 first-quarter operating profits of about KRW 14.1 trillion (roughly Rs. 88010.012 crore), up from KRW 9.4 trillion (roughly Rs. 58492.834 crore) in the same quarter last year. Samsung did not provide details on the performance of its various divisions. The company is expected to release its…