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J&J sales in US rise 10%, health care giant raises dividend

Published Mon, 24 Feb 2025 04:12:26 GMT

Johnson & Johnson beat first-quarter expectations, as growth in cancer treatments and the health care giant’s home market helped counter another revenue hit from the strong dollar.The health care giant booked a $68 million loss on a one-time charge in the quarter related to its baby powder, and revenue grew more than 5% to $24.75 billion, which was better than anticipated. Sales in pharmaceuticals, the company’s largest business, grew 4% in the quarter. The bulk of that revenue came from immunology and cancer treatments. Those includes two long-standing top sellers, the blood cancer treatment Darzalex and Stelara, which treats psoriasis and other inflammatory disorders.Aside from prescription drugs, Johnson & Johnson also sells medical devices, including products for knee and hip replacements. Sales in that segment grew more than 7% to $7.5 billion in the quarter. Chief Financial Officer Joe Wolk said surgical procedures “seem to have hit much more of a steady cadence”...

Bank of America profits grow 15%, avoids industry crisis

Published Mon, 24 Feb 2025 04:12:26 GMT

NEW YORK (AP) — Bank of America said its profits grew 15% last quarter, the latest of the big banks to do exceptionally well this earnings season as investors and consumers flock to Wall Street for safety after the failure of Silicon Valley Bank and Signature Bank. The nation’s second-largest bank by assets posted a profit of $8.2 billion, up from $7.1 billion in the same period a year earlier. On a per-share basis, BofA earnings rose to 94 cents from 80 cents. The results beat analysts’ expectations. Like its major competitors, BofA has benefitted from wealthy clients, businesses and other customers running to the bank as a place of safety after last month’s bank failures. The nation’s biggest banks are seen as having an implicit government backstop, due to their “too big to fail” status among the country’s financial institutions. The Charlotte, North Carolina-based bank added customers in its business and consumer banking businesses. While deposits ac...

Casa Bonita wants you to share your memories

Published Mon, 24 Feb 2025 04:12:26 GMT

DENVER (KDVR) -- The highly anticipated reopening of an iconic Colorado restaurant is expected to happen in May.Casa Bonita, which has been around since 1974, hasn’t been open since spring of 2020 due to COVID-19 pandemic restrictions. Are people already waiting in line for Casa Bonita to reopen? Share your memoriesAhead of Casa Bonita's reopening, the restaurant made a request to past visitors."Millions of guests have created precious memories in our historic restaurant. We want to hear your favorite stories and memories about your past visits," Casa Bonita shared on Twitter.You can upload your stories and memories to Casa Bonita on this form. Share your photos and memories with Casa Bonita "We would love to see any old photos, videos, or memorabilia you have of Casa Bonita. If you have any photos or videos you would like to share," Casa Bonita said.In September 2021, Trey Parker and Matt Stone, the creators of “South Park”, entered into a purchase agreement to buy Casa Bonita....

'Technology issues' at Southwest Airlines are snarling flights across country

Published Mon, 24 Feb 2025 04:12:26 GMT

(NEXSTAR) – A representative for Southwest Airlines confirmed that “intermittent technology issues” were interrupting the carrier’s operations Tuesday morning.“As a result of the intermittent technology issues that we experienced, we should hopefully be resuming our operation as soon as possible,” a representative for Southwest wrote in response to a Twitter user complaining of a “nationwide grounding" around 9 a.m. CT.“We apologize for any inconvenience this may cause, but we're hoping to get everyone going ASAP,” the spokesperson, identified as Jeni, said.Southwest Airlines was not immediately available to confirm whether the grounding was “nationwide,” as the Twitter user suggested. Southwest Airlines pilot hangs from window to retrieve passenger’s cell phone Other passengers, however, took to social media to share similar announcements, including one traveler in Denver who claimed a gate agent called it a "nationwide full ground stop," and another passenger whose pilot alleged...

FAA issues nationwide ground stop for Southwest Airlines flights due to equipment issues

Published Mon, 24 Feb 2025 04:12:26 GMT

(CNN) — The Federal Aviation Administration has issued a nationwide ground stop for Southwest Airlines flights, citing “equipment issues.”“Southwest Airlines requested the FAA pause the airline’s departures,” the agency told CNN in a statement.Southwest Airlines reported technology issues Tuesday morning and said it would “hopefully be resuming our operation as soon as possible.”The flight tracking website FlightAware said nearly 800 of the airline’s flights — about 14 percent of its schedule — were delayed Tuesday, far ahead of any US carrier.Southwest called the problem “intermittent technology issues” in a social media post to a customer. Several have taken to social media to complain about delayed flights“We apologize for any inconvenience this may cause, but we’re hoping to get everyone going ASAP,” the airline wrote in another social media post.CNN has reached out to Southwest and t...

Pompano Beach Middle School evacuated after BSO respond to possible bomb threat

Published Mon, 24 Feb 2025 04:12:26 GMT

The Broward County Public School Board confirmed that a middle school was evacuated due to a possible bomb threat.Several deputies immediately responded after Pompano Beach Middle School at 310 NE 6th St. received a bomb threat, Tuesday morning. Broward Sheriff’s Office deputies assisted students and faculty members evacuate to a nearby park and then to Pompano Beach High School at 600 NE 13th Ave.A sweep of the school is ongoing as authorities work to keep everyone safe. Please check back on WSVN.com and 7News for more details on this developing story.July 27th, 2022

NATO chief warns global arms control system at risk of ‘collapse’

Published Mon, 24 Feb 2025 04:12:26 GMT

The global system that once limited the rapid proliferation of arms is at risk of extinction, NATO Secretary-General Jens Stoltenberg warned on Tuesday, as he rebuked Russia and China.“We stand at a crossroads,” the NATO chief said at a conference on arms control organized by the alliance and the U.S. State Department. “In one direction lies the collapse of the international arms control order and the unrestricted proliferation of weapons of mass destruction, with profoundly dangerous consequences,” Stoltenberg said. But, he added: “There is an alternative way ahead — one where we do the work, however difficult.”His remarks come just weeks after Russia suspended its participation in the last remaining nuclear arms control treaty it had with the United States — putting a coda on a period of eroding arms control pacts worldwide.  The development has occurred alongside a significant arms buildup from both Russia and China, as well as Moscow’s wartime nuclear saber-r...

Russian court dismisses jailed Wall Street Journal reporter’s appeal

Published Mon, 24 Feb 2025 04:12:26 GMT

MOSCOW — A Moscow city court on Tuesday dismissed American journalist Evan Gershkovich’s appeal to be released from a high-security jail where he is being held on espionage charges.  Gershkovich’s defense team had requested that the Wall Street Journal correspondent be transferred to house arrest, another jail or released on bail. Although the outcome of the appeal hearing was never really in doubt, it was significant as the first time Gershkovich has been seen in public since he was arrested last month in the Ural mountains’ city of Yekaterinburg. Confined to a glass cage, as is customary for defendants facing criminal charges in Russia, Gershkovich seemed tense but composed. Ahead of the hearing he even flashed a couple of smiles at some of those colleagues and attendants he recognized, before the courtroom was emptied and the hearing began. Espionage cases in Russia are veiled in secrecy and held behind closed doors.A handful of journalists were al...

No words were exchanged before a White homeowner shot a Black teen who rang his doorbell, according to statements to police

Published Mon, 24 Feb 2025 04:12:26 GMT

(CNN) — A White, 84-year-old homeowner charged with shooting Ralph Yarl after the Black teen went to the wrong Kansas City address to pick up his siblings told police they didn’t exchange words before he fired at him through a locked glass door.Homeowner Andrew Lester — who faces two felony charges, for assault in the first degree and armed criminal action — told police he fired immediately after answering the doorbell when he saw 16-year-old Ralph pulling on an exterior door handle, according to the probable cause document obtained by CNN.Lester thought Ralph was trying to break and was “scared to death” due to the boy’s size, according to the document.Andrew Lester was charged for shooting 16-year-old Ralph Yarl. Credit: Kansas City Police DepartmentOfficers responded just before 10 p.m. on April 13 after receiving reports of a shooting. When they arrived, they found Ralph wounded in the street.The shooting left Ra...

Trial begins in case against Fox for false election claims

Published Mon, 24 Feb 2025 04:12:26 GMT

By DAVID BAUDER, RANDALL CHASE and GEOFF MULVIHILL (Associated Press)WILMINGTON, Del. (AP) — Jurors are set to get their first look Tuesday at a voting machine company’s $1.6 billion defamation lawsuit against Fox News in a trial that will test First Amendment protections and expose the network’s role in spreading the lie of a stolen 2020 presidential election.The trial began with the judge conferring with attorneys on both sides after he granted a one-day delay that offered time to see if they could work out a settlement.Jury selection and opening statements had been scheduled for Monday in Dominion Voting Systems’ lawsuit. The Denver-based company aims to hold Fox accountable for airing false allegations of election fraud that continue to roil U.S. politics.Delaware Superior Court Judge Eric Davis gave no explanation for the brief delay. But he suggested the companies try to mediate their dispute, according to a person close to Fox who was not authorized to...