Core Points - United Airlines has cut 35 daily round-trip flights at Newark Liberty International Airport due to FAA technology failures and staffing issues, resulting in excessive delays [1][2] - The cancellations represent about 10% of United's service at Newark, following a significant walkout of FAA air traffic controllers due to malfunctioning technology [2][6] - CEO Scott Kirby expressed disappointment over the cuts but emphasized the necessity to protect customers amid ongoing FAA staffing issues [3][4] Technology and Staffing Issues - Over 20% of FAA controllers for Newark Airport walked off the job due to technology failures, leading to numerous flight diversions and cancellations [6][4] - The FAA has not provided details on the staffing and technology problems affecting the Philadelphia Terminal Radar Approach Control, which serves Newark [10] - Transportation Secretary Sean Duffy acknowledged the outdated technology causing equipment outages and emphasized the need for a new air traffic control system [11] Impact on Operations - Recent technology failures have caused significant delays, with one United flight delayed by over five hours and another El Al flight delayed by nearly 13 hours [7] - The FAA has implemented a Ground Delay for Newark, with average delays of 127 minutes for incoming flights [7] - The New Jersey Port Authority has urged the FAA to address staffing shortages and accelerate technology upgrades to alleviate delays in the busy air corridor [8][10] Recommendations and Future Actions - Kirby has called for Newark to be designated as a Level 3 slot-controlled airport, indicating its inability to handle high traffic volumes effectively [12] - The Port Authority has invested billions in modernizing Newark Liberty, but improvements are contingent on a fully staffed and modern federal air traffic system [10]

Core Viewpoint - HPQ Silicon Inc. has filed its audited annual financial statements and related documents for the fiscal year ended December 31, 2024, and is now focusing on addressing inquiries from the Quebec regulatory authority to lift a temporary trading halt [1][2]. Group 1: Company Developments - The Required Filing was completed in French to comply with the regulations of Quebec's L'Autorité des Marchés Financiers (AMF), with an English version to follow [2]. - The company confirms that there are no ongoing legal proceedings against it and that all material information has been disclosed [3]. Group 2: Company Overview - HPQ Silicon Inc. is a Quebec-based Tier 1 Industrial Issuer on the TSX Venture Exchange, focusing on developing green processes for critical materials to achieve net zero emissions [4]. - The company collaborates with technology partners PyroGenesis Canada Inc. and NOVACIUM SAS to advance its initiatives [4]. Group 3: Strategic Pillars - HPQ aims to become a low-cost manufacturer of Fumed Silica using its proprietary FUMED SILICA REACTOR technology [6]. - The company is working on producing silicon-based anode materials for battery applications with NOVACIUM SAS's assistance [6]. - An affiliate of HPQ, NOVACIUM SAS, is developing a low carbon, chemical-based hydrogen production system [6]. - Another initiative involves transforming black aluminum dross into a valuable resource [6]. - HPQ is also focused on becoming a zero CO2 producer of High Purity Silicon using its PUREVAP "Quartz Reduction Reactors" technology [6].

Spotify said on Friday that Apple approved an update after a US federal judge ordered the tech giant to stop charging commission on purchases made through apps – threatening possible criminal contempt proceedings.The music app quickly turned around an update on Thursday, which will allow users to access pricing information, links to make purchases and more payment options, the company said in a blog post.“After nearly a decade, this will finally allow us to freely show clear pricing information and links to ...

Core Insights - Motorola Solutions experienced a 7% decline in share price despite reporting a 6% revenue growth and a 13% increase in earnings per share, which surpassed analysts' expectations due to management's cautious guidance for the upcoming quarter [1][5]. Company Performance - Motorola operates in three segments: land mobile radio (LMR) communications, video security and access control, and command center solutions, which positions the company as a stable operator in the public safety technology sector [3]. - In the first quarter, Motorola's LMR segment saw a 4% increase in sales, while video and command center units experienced growth of 11% and 10%, respectively [4]. - Recurring sales from software and services rose by 9%, accounting for approximately 40% of total revenue, which is significant due to their higher margins and less cyclical nature compared to hardware products [4]. Future Outlook - Management has reiterated a sales growth guidance of 5.5% for 2025 but projected only a 4% increase for Q2, raising concerns about achieving full-year targets [5]. - Potential tariffs are estimated to add $100 million to costs, against an expected $11 billion in sales for 2025 [5]. - Despite short-term challenges, Motorola is recognized as a leader in the public safety niche and is considered a strong dividend growth stock [6].

Skyward Specialty Insurance Group (SKWD) Q1 2025 Earnings Call May 02, 2025 09:30 AM ET Speaker0 Ladies and gentlemen, thank you for standing by, and welcome to Skyward Specialty First Quarter twenty twenty five Earnings Conference Call. At this time, all participants are in a listen only mode. After the speakers' presentation, there will be a question and answer session. Please be advised that today's conference is being recorded. I would like now to turn the conference over to Natalie Schoolcraft, Vice Pr ...

NEW YORK, May 02, 2025 (GLOBE NEWSWIRE) -- Marex Group plc (Nasdaq: MRX) (“Marex”), the diversified global financial services platform, announced the pricing on May 1, 2025 of a public offering (the “Offering”) of U.S.$500 million aggregate principal amount of its 5.829% Senior Notes due 2028 (the “Notes”). The Notes will be issued at a price to the public equal to 100.000% of the principal amount thereof and will be senior unsecured obligations of Marex. The Offering is expected to close on or about May 8, ...

Core Points - Shell plc announced an interim dividend of US$ 0.358 per ordinary share for Q1 2025 [1] - Shareholders can choose to receive dividends in US dollars, euros, or pounds sterling [2] - The payment date for the dividend is set for June 23, 2025 [5] Dividend Details - The equivalent dividend payments in pounds sterling and euros will be announced on June 9, 2025 [3] - For American Depositary Shares (ADSs), the dividend will be US$ 0.716 per ADS, with each ADS representing two ordinary shares [4] - The ex-dividend date for ordinary shares is May 15, 2025, and for ADSs, it is May 16, 2025 [5] Dividend Timetable - Announcement date: May 2, 2025 [5] - Record date: May 16, 2025 [5] - Closing of currency election date: June 2, 2025 [5] Additional Information - Shareholders can participate in Dividend Reinvestment Plans (DRIPs) to reinvest dividends into purchasing more shares [8] - Tax treatment of dividends should be consulted with a tax advisor [7]

Core Insights - Shell reported strong financial results for Q1 2025, with adjusted earnings of $5.6 billion, reflecting robust performance across various business segments [5][3][11] - The company completed the acquisition of Pavilion Energy, enhancing its LNG business, and divested from the Nigeria onshore and Singapore Energy and Chemicals Park, optimizing its portfolio [1][5][4] - Shell announced a $3.5 billion share buyback program for the next three months, marking the 14th consecutive quarter of buybacks of at least $3 billion [2][5][6] Financial Performance - Adjusted Earnings for Q1 2025 were $5.6 billion, with adjusted EBITDA at $15.25 billion and cash flow from operations (CFFO) at $9.28 billion [3][5] - CFFO excluding working capital was $11.9 billion, with a working capital outflow of $2.7 billion [5][6] - The company maintained a resilient balance sheet with net debt of $41.5 billion and gearing of 19% [6][5] Segment Performance Integrated Gas - Adjusted earnings were $2.48 billion, with adjusted EBITDA of $4.74 billion [3] - LNG sales volumes increased to 16.5 million tonnes in Q1 2025, up from 15.5 million tonnes in Q4 2024 [8] Upstream - Adjusted earnings were $2.34 billion, with adjusted EBITDA of $7.39 billion [3] - Liquids production remained stable at 1,335 kboe/d, while gas production was slightly lower at 3,020 million scf/d [9] Marketing - Adjusted earnings were $0.9 billion, with marketing sales volumes at 2,674 kb/d [3][10] - Mobility sales volumes decreased to 1,964 kb/d, while lubricants sales increased to 87 kb/d [10] Chemicals & Products - Adjusted earnings were $0.45 billion, with refinery processing intake rising to 1,362 kb/d [3][14] - Global indicative refining margin improved to $6.2 per barrel [14] Renewables & Energy Solutions - Adjusted earnings were negative at $(0.042) billion, but external power sales remained stable at 76 TWh [3][15] - Renewables power generation capacity increased to 7.5 GW [15] Strategic Outlook - The company has a disciplined capital allocation strategy, with a cash capex outlook of $20-22 billion for 2025 [5] - Total shareholder distributions over the last four quarters accounted for 45% of CFFO, aligning with the target of 40-50% [5]

VANCOUVER, British Columbia, May 01, 2025 (GLOBE NEWSWIRE) -- Eldorado Gold Corporation (“Eldorado” or “the Company”) announces that the Toronto Stock Exchange (the “TSX”) has accepted the notice filed by the Company to amend its normal course issuer bid (the “NCIB”) effective as of May 6, 2025. The amendment increases the maximum number of common shares (the "Shares") of the Company that may be repurchased from the current 350,000 Shares to 10,245,474 Shares, representing approximately 5% of the total 204, ...

Not for distribution to United States newswire services or for dissemination in the United States. TORONTO, May 01, 2025 (GLOBE NEWSWIRE) -- Volatus Aerospace Inc. (TSXV:FLT) (OTCQX:TAKOF) (Frankfurt: ABB) (“Volatus” or the “Company”) is pleased to announce that it has closed its previously announced upsized and fully subscribed non-brokered listed issuer financing exemption (LIFE) private placement (the "LIFE Offering"). The Company issued 25,000,000 units of the Company ("Units") at a price of $0.12 per U ...