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Bank of Hawai‘i Announces Planned Retirement of Chairman and CEO Peter S. Ho
Businesswire· 2026-02-03 11:05
HONOLULU--(BUSINESS WIRE)--Bank of Hawai'i announces today that Peter S. Ho, who has served as Chairman and Chief Executive Officer since 2010, will retire effective March 31, 2026. This decision is the culmination of the bank's long-term succession plan for its CEO designed to ensure stability and continuity for the 128-year-old financial institution. To further support the transition, Ho plans to serve as a consultant to the company following his retirement through the end of 2027. The Board. ...
3 No-Brainer High-Yield Energy ETFs to Buy With $2,000 Right Now
Yahoo Finance· 2026-02-03 11:05
After drastically underperforming the S&P 500 (SNPINDEX: ^GSPC) in 2025, energy stocks are roaring higher in 2026. Oil prices are on the rise again after hitting five-year lows in mid-December 2025, geopolitical tensions are heating up, and some investors are rotating out of growth stocks to value and dividend-focused sectors. A good way to get general exposure to a theme or sector is through an exchange-traded fund (ETFs). Here's why the Vanguard Energy ETF (NYSEMKT: VDE), Energy Select Sector SPDR ETF ...
Hundreds of Nazi-linked accounts discovered at Credit Suisse, US lawmaker says
Reuters· 2026-02-03 11:04
Core Viewpoint - An investigation has revealed that 890 accounts at Credit Suisse may have potential links to Nazi activities, as stated by U.S. Senator Chuck Grassley during a Judiciary Committee hearing on banking practices [1] Group 1 - The investigation into Credit Suisse highlights concerns regarding the bank's historical connections and the management of accounts associated with Nazi affiliations [1] - Senator Grassley's comments indicate a broader scrutiny of banks' roles in facilitating accounts with questionable historical ties [1]
Ingredion Incorporated Reports 2025 Fourth Quarter and Full-Year Results
Globenewswire· 2026-02-03 11:03
Core Insights - Ingredion Incorporated reported record full-year financial results for 2025, driven by strong performance in Texture & Healthful Solutions and the LATAM segment, despite challenges in the U.S./CAN business [2][5]. Financial Performance - Reported diluted EPS for full-year 2025 was $11.18, up from $9.71 in 2024, while adjusted diluted EPS was $11.13 compared to $10.65 in 2024 [3][5]. - Cash from operations for 2025 was $944 million, down from $1,436 million in 2024, with $435 million returned to shareholders, including $224 million in share repurchases [5][28]. - The company expects full-year 2026 reported and adjusted EPS to be in the range of $11.00 to $11.80 [22]. Segment Performance - Texture & Healthful Solutions achieved 4% sales volume growth in Q4 2025, driven by demand for clean label offerings, with full-year net sales of $2,397 million, a 1% increase from 2024 [11][12]. - Food & Industrial Ingredients—LATAM segment reported a 1% increase in Q4 2025 net sales, with full-year sales of $2,341 million, down 4% from 2024 [13][14]. - Food & Industrial Ingredients—U.S./Canada experienced a 9% decline in Q4 2025 net sales, with full-year sales of $2,013 million, a 7% decrease from 2024 [15][16]. Operating Income - Reported operating income for Q4 2025 was $220 million, a 36% increase from Q4 2024, while adjusted operating income was $228 million, down 8% [9][12]. - Full-year reported operating income was $1,016 million, a 15% increase from 2024, while adjusted operating income was $1,028 million, up 1% [9][12]. Shareholder Returns - The company paid $211 million in dividends for 2025 and declared a quarterly dividend of $0.82 per share [21]. - Share repurchases totaled 1.8 million shares at a net cost of $224 million during 2025 [21]. 2026 Outlook - The company anticipates low single-digit to mid-single-digit growth in net sales for 2026, with operating income expected to increase low single-digits [23][24]. - Corporate costs for 2026 are expected to remain flat to increase low single-digits, with effective tax rates projected between 25.5% to 27.0% [25].
Taylor Morrison Recognized on Fortune's 2026 World's Most Admired Companies List
Prnewswire· 2026-02-03 11:02
Core Insights - Taylor Morrison has been ranked No. 2 among homebuilders in Fortune's World's Most Admired Companies list for 2026, marking its third consecutive year on the list [1][2] - The company received high scores in social responsibility, quality of management, quality of products/services, and innovation, reflecting its commitment to building lasting credibility and a strong customer experience [2] Company Recognition - Taylor Morrison has been recognized as America's Most Trusted® Home Builder since 2016 and has received multiple accolades, including being listed in Fortune's Best Workplaces in Construction and Best Workplaces for Women [4][5] - The company has also been included in Forbes' Most Trusted, Great Place To Work®, and Best Companies in America lists, as well as Newsweek's America's Most Responsible Companies and America's Greenest Companies lists [4] Methodology and Survey - The World's Most Admired Companies list was determined through a survey conducted by Fortune in collaboration with Korn Ferry, involving over 3,000 executives, directors, and analysts across nine criteria [3] - The 2026 analysis included more than 680 companies from 51 industries and 29 countries, highlighting the competitive landscape in which Taylor Morrison operates [3]
Siemens Energy to spend $1 billion in 'hot' US power market
Reuters· 2026-02-03 11:02
Core Insights - Siemens Energy plans to invest $1 billion to expand its U.S. power grid and gas turbine component production [1] Company Summary - The investment is aimed at supporting the infrastructure needed for data centers that power AI technology [1]
Michael Saylor Uses 'Dry Powder' To Add 855 BTC To Strategy's War Chest, But Jim Cramer Is Not Impressed
Yahoo Finance· 2026-02-03 11:01
Strategy (NASDAQ:MSTR) bought 855 Bitcoin (CRYPTO: BTC) at an average price of $87,974 last week as CNBC’s Jim Cramer questions whether executive chairman Michael Saylor has enough capital left to defend the sell-off. The Ill-Timed Purchase Strategy acquired 855 BTC for $75.3 million between January 26 and February 1, funding the purchase entirely through selling 673,527 Class A shares that generated $106.1 million in net proceeds. Bitcoin crashed below $75,000 over the weekend, putting the fresh purchas ...
HELOC and home equity loan rates today, February 3, 2026: With more Fed rate cuts on hold, rates are likely to level out
Yahoo Finance· 2026-02-03 11:00
Rates for home equity lines of credit and home equity loans are hovering near multi-year lows. Second mortgage rates peaked in late 2023 and have trended mostly lower since. With the Federal Reserve putting further interest rate cuts on the shelf for now, home equity rates may level out. HELOC and home equity loan rates Tuesday, February 3, 2026 According to real estate analytics firm Curinos, the average monthly HELOC rate has fallen to 7.25%. The national average rate on a home equity loan is 7.56%. ...
Best money market account rates today, February 3, 2026 (Earn up to 4.1% APY)
Yahoo Finance· 2026-02-03 11:00
Money market accounts (MMAs) can be a great place to store your cash if you're looking for a relatively high interest rate along with liquidity and flexibility. Unlike traditional savings accounts, MMAs typically offer better returns, and they may also provide check-writing privileges and debit card access. This makes these accounts ideal for holding long-term savings that you want to grow over time, but can still access when needed for certain purchases or bills. Find out which banks have the best MMA rat ...
Best CD rates today, February 3, 2026: Lock in up to 4% APY today
Yahoo Finance· 2026-02-03 11:00
Deposit account rates are on the decline — but the good news is you can lock in a competitive return on a certificate of deposit (CD) today and preserve your earning power. In fact, the best CDs still pay rates above 4%. Read on for a snapshot of CD rates today and where to find the best offers. Where are the best CD rates today? CDs today typically offer rates significantly higher than traditional savings accounts. Currently, the best short-term CDs (six to 12 months) generally offer rates around 4% APY ...