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TD Bank says Charles Schwab stake expected to add $156M for Q4

Published Tue, 25 Feb 2025 19:03:59 GMT

TORONTO — TD Bank Group says its stake in Charles Schwab Corp. is expected to translate into $156 million of reported equity in net income for its fourth quarter.The Toronto-based bank says excluding about $13 million in acquisition-related charges after-tax, about $35 million in restructuring charges after-tax, and approximately $30 million in amortization of acquired intangibles after-tax, its adjusted equity in net income from its investment in Schwab will be about $234 million for the quarter.Schwab reported its third-quarter results on Monday.It said it earned net income of US$1.13 billion for the quarter that ended Sept. 30, down from US$2.02 billion in the same quarter last year.Its adjusted profit for the quarter totalled US$1.52 billion, down from an adjusted profit of US$2.21 billion a year earlier.TD is expected to report its full fourth-quarter results on Nov. 30.This report by The Canadian Press was first published Oct. 17, 2023.Companies in this story: (TSX:TD)The Cana...

Sweden players take overnight flight home, start returning to clubs after deadly shooting in Belgium

Published Tue, 25 Feb 2025 19:03:59 GMT

BRUSSELS (AP) — Sweden players were returning to their clubs Tuesday after taking an overnight flight home from Brussels following the suspension of their European Championship qualifier at halftime because a gunman killed two Swedish nationals before kickoff.It remained unclear Tuesday whether the match would be completed at a later date. European soccer governing body UEFA said it was too early to make any decision and that “further communication will be made in due course.” Belgium and Austria have qualified from Group F for the tournament to be held in Germany next year but both teams can still win the group. The squad went directly to the airport and flew back to Sweden once they were allowed to leave King Baudouin Stadium, which was locked down for 2 1/2 hours for security reasons before officials began an evacuation process around midnight local time.It was around 4 a.m. local time when the last of the Swedish supporters — totaling about 650, according to the Swedish Football...

Stock market today: World shares mixed following Wall Street rally as war shock to markets fades

Published Tue, 25 Feb 2025 19:03:59 GMT

BANGKOK (AP) — World shares were mixed Tuesday after U.S. stocks rallied as investors unwound some of last week’s moves driven by worries about war in the Middle East. Oil prices rose and U.S. futures declined. Markets are awaiting China’s latest economic growth figures, due Wednesday. Economists are forecasting that annual growth dropped below 5% in July-September from 6.3% in the previous quarter. A weaker Chinese economy is a drag on regional and global trade and manufacturing, slowing the global recovery from the pandemic. Germany’s DAX fell 0.5% to 15,163.52 and the CAC 40 in Paris shed 0.3% to 7,000.99. Britain’s FTSE 100 rose 0.3% to 7,654.72. The futures for the S&P 500 and Dow industrials were 0.2% lower. In Asia, Tokyo’s Nikkei 225 gained 1.2% to 32,040.29 and the Hang Seng in Hong Kong added 0.8% to 17,773.34. The Shanghai Composite index gained 0.3% to 3,083.50. In Australia, the S&P/ASX 200 climbed 0.5% to 7,056.10. India’s Sensex advance...

Rolls-Royce is cutting up to 2,500 jobs in an overhaul of the UK jet engine maker

Published Tue, 25 Feb 2025 19:03:59 GMT

Jet engine maker Rolls-Royce said Tuesday it’s cutting up to 2,500 jobs globally as part of a corporate overhaul that its new CEO is carrying out. The aerospace company was hit hard by the COVID-19 pandemic that decimated demand for air travel. Tufan Erginbilgic, who took over as chief executive in January, said the layoffs are aimed at making Rolls-Royce “more streamlined and efficient.” Rolls-Royce, based in Derby, central England, didn’t disclose where jobs will be cut, but around half of its 42,000-person workforce is based in the United Kingdom.The cuts will remove duplication and bring cost efficiencies in the latest stage of its “multi-year transformation,” the company said. “We are building a Rolls-Royce that is fit for the future,” Erginbilgic said. The company slashed 9,000 jobs globally in 2020 as it grappled with the collapse of air travel during the pandemic.The new turnaround plan also includes creating a new company-wide procurement divis...

UN refugee chief says Rohingya who fled Myanmar must not be forgotten during other world crises

Published Tue, 25 Feb 2025 19:03:59 GMT

BANGKOK (AP) — The U.N. High Commissioner for Refugees urged the international community on Tuesday not to forget the plight of ethnic Rohingya refugees from Myanmar in the midst of many other world crises. More support is needed to help the displaced Rohingya and also relieve the burden on the countries hosting them, High Commissioner Filippo Grandi said.Grandi said providing humanitarian assistance is becoming increasingly difficult because of the continuing armed conflict in Myanmar and reduced funding and aid due to the other crises, including in Afghanistan, Ukraine and the Middle East.Speaking on the sidelines of a regional meeting on Rohingya refugee assistance in Bangkok, he emphasized that a ”voluntary, dignified return to Myanmar” by the Rohingya refugees is the most desirable solution, but acknowledged there are “many challenges that need to be overcome.”“What I have asked the participants in this meeting is to make big pledges in support of the Rohingya refugees: open po...

Tuesday Forecast: Temps near 60 with partly cloudy conditions

Published Tue, 25 Feb 2025 19:03:59 GMT

CHICAGO — Partly cloudy and a bit milder Tuesday. Winds: WSW 5-10 mph. Air quality is Good to Moderate today for Chicagoland. Highs near 60. Interactive Radar: Track showers and storms here Partly cloudy tonight this evening. Increasing clouds after midnight. Winds: S 5-10 mph. Low 46.Wednesday Forecast: More clouds Wednesday, getting breezy, with showers / t'storms arriving by evening. S 10-20, G30-35 mph. High 65.Extended outlook calls for a soggy Thursday with high temps near 60. Mostly cloudy and some showers for Friday with highs near 60. Showers and sun for Saturday and a few showers might linger into Sunday too. Highs both days this weekend in the mid to upper 50s. Full forecast details and more at the WGN Weather Center blog

'Pay to play?' Reese's $25K contest may be against sweepstakes laws

Published Tue, 25 Feb 2025 19:03:59 GMT

Reese’s may be in violation of state and federal laws with its new sweepstakes offer currently advertised on packs of peanut butter cups.The promotion on two-cup packages reads “You could win $25,000” and, in smaller print, “See details inside.” But only after consumers have bought and opened a package can they see the small print: no purchase is necessary to enter the sweepstakes.The Reese's contest was first reported Monday by Edgar Dworsky, a consumer advocate and former assistant attorney general in Massachusetts, who runs the Consumer World website.Sweepstakes are primarily governed by state laws, which require that no purchase is necessary to participate. A contest that requires a purchase is a lottery, which is subject to different rules.Three federal agencies — the Federal Trade Commission, the Federal Communications Commission and the U.S. Postal Service — also enforce laws governing sweepstakes depending on the type of promotion. The Postal Service requires mailed sweepsta...

Police searching for driver after stolen Jeep was found

Published Tue, 25 Feb 2025 19:03:59 GMT

DORSET, Vt. (NEWS10) -- Vermont State Police are asking the public for help in finding the driver of a Jeep that was found weeks after it was reported stolen. The Jeep was first reported stolen on Sunday, October 1, and was found Monday behind a power company building on Tunnel Street in Readsboro, Vermont. Get the latest news, weather, sports and entertainment delivered right to your inbox! Police say the black Jeep Wrangler was found abandoned facing the Deerfield River. Anyone with information about the car, driver, or anything suspicious regarding the car is encouraged to contact Trooper Daniel Krzeminski at (802) 442-5421 or email [email protected].

Collinsville, Illinois photography store burglarized over weekend

Published Tue, 25 Feb 2025 19:03:59 GMT

COLLINSVILLE, Ill. - A Collinsville business owner says burglars smashed his store's front window over the weekend.It happened early Sunday morning at 'John Locus Photography.' Police explained that a man smashed the window with a chair and snatched a $40 instrument. Meanwhile, that window will cost about $1,500 to fix. Former prosecuting attorney’s son charged in trunk-or-treat shooting "That's a very unique window, a very unique size. It may take a while to find a pane to replace it," 'Underground Dojo' manager Dathan Rivera explained. Rivera is still attempting to replace one of its windows that sustained damage during a summer storm. Collinsville police are investigating the theft and are in the process of reviewing the store's security footage. FOX 2 will update this story with more information as it becomes available.

'No Leash Needed' opening today in Ellisville, Missouri

Published Tue, 25 Feb 2025 19:03:59 GMT

ELLISVILLE, Mo. - Dog owners, you have a new place to take your pets in Ellisville. 'No Leash Needed' opens Tuesday.They provide dog daycare, boarding, training, and grooming services. 1 child dead, 4 people injured in crash on Highway 21 The facility has climate-controlled private rooms, state-of-the-art ventilation and cleaning services, and an open play yard with webcams, so you can check up on your pet.