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Woodward WWD reported its Q4 earnings results on Monday, November 25, 2024 at 04:00 PM. Here's what investors need to know about the announcement. Earnings Woodward beat estimated earnings by 13.0%, reporting an EPS of $1.41 versus an estimate of $1.25. Revenue was up $77.42 million from the same period last year. Analysis of Past Earnings The company beat on EPS by $0.12 in the last quarter, resulting in a 17.0% drop share price change the following day. Here's a look at Woodward's past performance: Quarter Q3 2024 Q2 2024 Q1 2024 Q4 2023 EPS Estimate 1.51 1.32 1.10 1.31 EPS Actual 1.63 1.62 1.45 0.84 Revenue Estimate 853.82M 807.00M 748.29M 765.35M Revenue Actual 847.69M 835.34M 786.73M 777.07M New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast). Guidance Woodward management provided guidance for FY 2025, expecting earnings between $5.75 and $6.25 per share. To track all earnings releases for Woodward visit their earnings calendar here. This article was generated by Benzinga's automated content engine and reviewed by an editor. © 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.A fugitive gains fame in New Orleans eluding dart guns and netsChewy (CHWY) Q3 2024 Earnings Call Transcript
It looked like a recipe for disaster. So, when his country's swimmers were being accused of doping earlier this year, one Chinese official cooked up something fast. He blamed it on contaminated noodles. In fact, he argued, it could have been a culinary conspiracy concocted by criminals, whose actions led to the cooking wine used to prepare the noodles being laced with a banned heart drug that found its way into an athlete's system. This theory was spelled out to international anti-doping officials during a meeting and, after weeks of wrangling, finally made it into the thousands of pages of data handed over to the lawyer who investigated the case involving 23 Chinese swimmers who had tested positive for that same drug. The attorney, appointed by the World Anti-Doping Agency, refused to consider that scenario as he sifted through the evidence. In spelling out his reasoning, lawyer Eric Cottier paid heed to the half-baked nature of the theory. "The Investigator considers this scenario, which he has described in the conditional tense, to be possible, no less, no more," Cottier wrote. Even without the contaminated-noodles theory, Cottier found problems with the way WADA and the Chinese handled the case but ultimately determined WADA had acted reasonably in not appealing China's conclusion that its athletes had been inadvertently contaminated. Critics of the way the China case was handled can't help but wonder if a wider exploration of the noodle theory, details of which were discovered by The Associated Press via notes and emails from after the meeting where it was delivered, might have lent a different flavor to Cottier's conclusions. "There are more story twists to the ways the Chinese explain the TMZ case than a James Bond movie," said Rob Koehler, the director general of the advocacy group Global Athlete. "And all of it is complete fiction." In April, reporting from the New York Times and the German broadcaster ARD revealed that the 23 Chinese swimmers had tested positive for the banned heart medication trimetazidine, also known as TMZ. China's anti-doping agency determined the athletes had been contaminated, and so, did not sanction them. WADA accepted that explanation, did not press the case further, and China was never made to deliver a public notice about the "no-fault findings," as is often seen in similar cases. The stock explanation for the contamination was that traces of TMZ were found in the kitchen of a hotel where the swimmers were staying. In his 58-page report, Cottier relayed some suspicions about the feasibility of that chain of events — noting that WADA's chief scientist "saw no other solution than to accept it, even if he continued to have doubts about the reality of contamination as described by the Chinese authorities." But without evidence to support pursuing the case, and with the chance of winning an appeal at almost nil, Cottier determined WADA's "decision not to appeal appears indisputably reasonable." A mystery remained: How did those traces of TMZ get into the kitchen? Shortly after the doping positives were revealed, the Institute of National Anti-Doping Organizations held a meeting on April 30 where it heard from the leader of China's agency, Li Zhiquan. Li's presentation was mostly filled with the same talking points that have been delivered throughout the saga — that the positive tests resulted from contamination from the kitchen. But he expanded on one way the kitchen might have become contaminated, harkening to another case in China involving a low-level TMZ positive. A pharmaceutical factory, he explained, had used industrial alcohol in the distillation process for producing TMZ. The industrial alcohol laced with the drug "then entered the market through illegal channels," he said. The alcohol "was re-used by the perpetrators to process and produce cooking wine, which is an important seasoning used locally to make beef noodles," Li said. "The contaminated beef noodles were consumed by that athlete, resulting in an extremely low concentration of TMZ in the positive sample. "The wrongdoers involved have been brought to justice." This new information raised eyebrows among the anti-doping leaders listening to Li's report. So much so that over the next month, several emails ensued to make sure the details about the noodles and wine made their way to WADA lawyers, who could then pass it onto Cottier. Eventually, Li did pass on the information to WADA general counsel Ross Wenzel and, just to be sure, one of the anti-doping leaders forwarded it, as well, according to the emails seen by the AP. All this came with Li's request that the noodles story be kept confidential. Turns out, it made it into Cottier's report, though he took the information with a grain of salt. "Indeed, giving it more attention would have required it to be documented, then scientifically verified and validated," he wrote. Neither Wenzel nor officials at the Chinese anti-doping agency returned messages from AP asking about the noodles conspiracy and the other athlete who Li suggested had been contaminated by them. Meanwhile, 11 of the swimmers who originally tested positive competed at the Paris Games earlier this year in a meet held under the cloud of the Chinese doping case. Though WADA considers the case closed, Koehler and others point to situations like this as one of many reasons that an investigation by someone other than Cottier, who was hired by WADA, is still needed. "It gives the appearance that people are just making things up as they go along on this, and hoping the story just goes away," Koehler said. "Which clearly it has not." Get local news delivered to your inbox!Jets' Ulbrich says Rodgers 'absolutely' remains the team's starting quarterback
Even Luann de Lesseps makes mistakes—at least according to Hugh Grant . The Four Weddings and a Funeral actor reacted after the Real Housewives of New York City alum recently said the pair once shared a steamy makeout session at a restaurant in the Hamptons. “A girlfriend of mine called me and was like, ‘Hugh Grant is at Pierre's,’” Luann told TooFab in an interview published Nov. 22. “I had my family over, my brother was visiting me, and I said, ‘Let's go.’” The “Money Can’t Buy You Class” singer recalled how she quickly got to business flirting with the Bridget Jones’s Diary star, purposely bumping into him to initiate a conversation. “I go, ‘I'm so sorry,’” the 59-year-old continued, “‘Can I buy you a shot? I feel terrible.’ He goes, ‘Okay, but I'll come have a shot with you if you do one with me.’ Before you know it, we are taking shots and making out... heavily at the table! My brother was like, ‘I can't believe you're making out with Hugh Grant,’ and I was like, ‘Neither can I.’” As for Hugh’s recollection of the event? The 64-year-old shared a screenshot of the exchange on social media, a nd while he didn’t deny the encounter, he admitted his memory of the evening was a bit fuzzy. “I do remember meeting a charming RHNY in a restaurant,” he wrote on X (formerly Twitter) Nov. 25, “but I’d like to stress it was about 15 years ago. I don’t recall shots or kissing but her memory might be better than mine.” The Paddington 2 actor isn’t the only Hollywood heartthrob Luann has come in contact with, as she also described once running into Gerard Butler —but by her recollection, she wasn’t quite as successful. “I got into an elevator with him,” Luann revealed. “I tried my best but he had a girlfriend who was there. You can only try!” For more surprising celebrity confessions, keep reading. Jason Kelce Doesn't Regularly Wash His Feet "What kind of weirdo washes their feet...." Jason Kelce tweeted in June 2024 after a fan noted the athlete "looks like he doesn't wash his legs or feet." The retired Philadelphia Eagles player later doubled down on his comments. "What kind of psychopath washes your feet?" he deadpanned on an episode of his and brother Travis Kelce 's New Heights podcast, adding, "If there's visible dirt on them, I'll scrub the dirt off." Grandma knows best. Kim Kardashian got candid about how her grandma Mary Jo "MJ" Campbell influenced one intimate moment between her and then-boyfriend Pete Davidson , during an October 2022 episode of The Kardashians . "Pete and I were staying at the Beverly Hills Hotel last weekend, and we were sitting in front of the fireplace, just talking for hours," the SKIMS founder recounted to MJ, mom Kris Jenner and sister Khloe Kardashian . "And I was like, 'My grandma told me that you really live life when you have sex in front of the fireplace. And so, we had sex in front of the fireplace in honor of you." Grandma's reaction? A nod of approval. "How creepy to think about your grandma before you have sex?" Kim said, to which MJ replied, "I know, but I was younger once." The love shared in Mila Kunis and husband Ashton Kutcher 's tight-knit family—which includes 8-year-old daughter Wyatt and 6-year-old son Dimitri —knows no boundaries. So much so, that the Black Swan actress revealed they keep an open-door policy at home. "That includes the bathroom," she told E! News in September 2022. "It's just one of those where, for better or for worse, as a family and the kids have all kind of embodied bodily function as a very standard norm." Mila said she arrived at the decision after her family kept knocking on the door and asking to come in, which prompted her to oblige: "I was like, ‘Oh, forget it. Just keep the door open.'" Pre-kids, she might not have imagined she'd flush that particular boundary away. She added, "I'd never thought that I would be the person that was able to go to the bathroom with the door open." Ghouls just want to have fun. As The View panelists were reviewing footage about a woman who alleged she had "sexual ghosts" in her home, Sara Haines asked the group an important question during an October 2022 episode : "If you have sex with a ghost, can you get pregnant?" Fortunately for her, co-host Joy Behar had an answer, adding, "I've had sex with a few ghosts and never got pregnant." "I'm just gonna let that ride," Whoopi Goldberg said in response. "I don't know how many of you just heard what Joy just said, but I'm going to let it ride." Jenna Bush Hager and Hoda Kotab are a thick as thieves, though there is one thing Hoda didn't know about her Today co-host. When the pair were getting ready for an episode of Today with Hoda and Jenna , Hoda discovered Jenna perpetually goes commando. "We both had to change before the show and we were like, 'Oh we have to go back into the changing room,'" Hoda said during a November 2022 episode of Today with Hoda and Jenna . "But then I noticed, Jenna never wears underwear." Jenna's rationale? Well, no underwear might just be more convenient to her. "I think it makes a more pretty silhouette," she said. "I also think you don't have to pack as much. There are a lot of pros to it!" Looks like someone hasn't been keeping up. Britney Spears found herself embracing Keke Palmer 's viral saying "he could be walking down the street, I wouldn't know a thing," when she admitted she didn't know who Pete Davidson and Scott Disick were. Reposting a humorous March video of Pete—who was then dating Kim Kardashian —and Kourtney Kardashian 's ex Scott enjoying a "boyz night," to her Instagram, Britney said the two of them had her cracking up. "Sorry had to repost this," Britney wrote in the since-deleted post. "no idea who these people in the video are but it made me laugh so hard !!!!" Back before the world knew Chris Evans as Captain America and People 's Sexiest Man Alive of 2022 , Jana Kramer knew him as the "heartthrob, cutie" she went on a few dates with. It happened more than a decade ago, the singer revealed on her Whine Down with Jana Kramer podcast in November, and though she can't remember "how many dates it was," she does recall their last encounter. Jana, then about 26 years old, said Chris invited her over to his house while he had friends in town from Boston. "The last interaction that I remember is him going into the bathroom after I just went with asparagus pee," Jana remembered, referencing the veggie's tendency to give urine a very distinct scent. "We didn't hook up that night. He stayed up late with his friends and then [in] the morning I did the asparagus walk of shame out of his house." She added, "I never heard from him again." Not all of these confessions are amusing. Eight years after sharing in an ELLE article that she had been battling a rare type of bone cancer—her fake diagnosis even inspiring a storyline on Grey's Anatomy — show writer Elisabeth Finch admitted in December it was all a ruse . "I told a lie when I was 34 years old and it was the biggest mistake of my life. It just got bigger and bigger and bigger and got buried deeper and deeper inside me," Elisabeth told The Ankler newsletter Dec. 7, adding, "I've never had any form of cancer." Summed up Finch, who was placed on administrative leave from the ABC medical drama before eventually resigning, said, "What I did was wrong. Not okay. F--ked up. All the words." Beauty is pain, but Kim Kardashian might be able to stomach it. Telling The New York Times the lengths she would go to for a more youthful appearance, the reality star cracked that she was willing to try just about anything. "If you told me that I literally had to eat poop every single day and I would look younger, I might," she said in June. "I just might." In a July 2022 interview with Allure , Kim said she was "kind of joking" about the comment, though the idea didn't seem too terrible . "But now that I think about it," Kim added, "I would probably eat s--t if someone told me, ‘If you eat this bowl of poop every single day, you'll look younger.'" How much could she make room for? "Maybe just a bite," she told the outlet. "I don't think I can do a whole bowl."UNITY TOWNSHIP, Pa. — Rescuers contemplated the safest way Wednesday to search for a woman who apparently fell into a Pennsylvania sinkhole while looking for her lost cat, saying a crumbling old coal mine beneath the surface complicated efforts and endangered workers. Crews worked through the night in the Unity Township community of Marguerite to find Elizabeth Pollard, 64. A state police spokesperson said early Wednesday they were reassessing their tactics to avoid putting the rescuers in danger. "The integrity of that mine is starting to become compromised," Trooper Steve Limani told reporters at the scene about 40 miles east of Pittsburgh. Rescue workers continue to search for Elizabeth Pollard, who is believed to have disappeared in a sinkhole while looking for her cat, Wednesday in Marguerite, Pa. Sinkholes occur in the area because of subsidence from coal mining activity. Rescuers used water to break down and remove clay and dirt from the mine, which has been closed since the 1950s, but that increased the risk "for potential other mine subsidence to take place," Limani said. "We're probably going to have to switch gears" and do a more complicated dig, he said. On Tuesday, crews lowered a pole camera with a sensitive listening device into the hole, but it detected nothing. Another camera lowered into the hole showed what could be a shoe about 30 feet below the surface, Limani said. Searchers also deployed drones and thermal imaging equipment to no avail. Marguerite Fire Chief Scot Graham, the incident commander, said access to the immediate area surrounding the hole was tightly controlled and monitored, with rescuers attached by harness. "We cannot judge as to what's going on underneath us. Again, you had a small hole on top but as soon as you stuck a camera down through to look, you had this big void," Graham said. "And it was all different depths. The process is long, is tedious. We have to make sure that we are keeping safety in the forefront as well as the rescue effort." Rescue workers search through the night in a sinkhole for Elizabeth Pollard, who disappeared while looking for her cat, Tuesday in Marguerite, Pa. Pleasant Unity Fire Chief John Bacha, the operations officer at the scene, said they were "hoping that there's a void that she could still be in." Pollard's family called police about 1 a.m. on Tuesday to say she had not been seen since going out Monday evening to search for Pepper, her cat. The temperature dropped well below freezing that night. In an interview with CBS News, Pollard's son, Axel Hayes, said he is experiencing a mix of emotions. "I'm upset that she hasn't been found yet, and I'm really just worried about whether she's still down there, where she is down there, or she went somewhere and found somewhere safer," Hayes said. "Right now, I just hope she's alive and well, that she's going to make it, that my niece still has a grandmother, that I still have a mother that I can talk to." The top of a sinkhole is seen Tuesday in the village of Marguerite, Pa., where rescuers searched for a woman who disappeared. Police said they found Pollard's car parked behind Monday's Union Restaurant in Marguerite, about 20 feet from the sinkhole. Hunters and restaurant workers in the area said they didn't notice the manhole-size opening in the hours before Pollard disappeared, leading rescuers to speculate that the sinkhole was new. "It almost feels like it opened up with her standing on top of it," Limani said. Searchers accessed the mine late Tuesday afternoon and dug a separate entrance out of concern that the ground around the sinkhole opening was not stable. Pollard lives in a small neighborhood across the street from where her car and granddaughter were located, Limani said. The young girl "nodded off in the car and woke up. Grandma never came back," Limani said. The child stayed in the car until two troopers rescued her. It's not clear what happened to Pepper. In an era of rapid technological advancement and environmental change, American agriculture is undergoing a revolution that reaches far beyond the farm gate. From the food on consumer plates to the economic health of rural communities, the transformation of U.S. farming practices is reshaping the nation's landscape in ways both visible and hidden. LandTrust explores how these changes impact everyone, whether they live in the heartland or the heart of the city. The image of the small family farm, while still a reality for many, is increasingly giving way to larger, more technologically advanced operations. According to the USDA, the number of farms in the U.S. has fallen from 6.8 million in 1935 to about 2 million today, with the average farm size growing from 155 acres to 444 acres. This shift has profound implications for rural communities and the food system as a whole. Despite these changes, diversity in farming practices is on the rise. A landmark study published in Science , involving data from over 2,000 farms across 11 countries, found that diversifying farmland simultaneously delivers environmental and social benefits. This challenges the longstanding idea that practices boosting biodiversity must come at a cost to yields and food security. The adoption of precision agriculture technologies is transforming how farmers manage their land and resources. GPS-guided tractors, drone surveillance, and AI-powered crop management systems are becoming commonplace on many farms. These technologies allow farmers to apply water, fertilizers, and pesticides with pinpoint accuracy, reducing waste and environmental impact while improving yields. However, the digital divide remains a challenge. More than 22% of rural communities lack reliable broadband internet access, hindering the widespread implementation of AI and other advanced technologies in agriculture. While technology offers new opportunities, farmers are also facing significant economic challenges. The USDA's 2024 farm income forecast projects a 4.4% decline in net farm income from 2023, following a sharp 19.5% drop from 2022 to 2023. This financial pressure is compounded by rising production costs and market volatility. Climate variability adds another layer of complexity. Extreme weather events, changing precipitation patterns, and shifting growing seasons are forcing farmers to adapt quickly. These factors could reduce agricultural productivity by up to 25% over the coming decades without significant adaptation measures. But adapting requires additional financial resources, further straining farm profitability. In the face of these challenges, many farmers are turning to diversification as a strategy for resilience and profitability. The Science study mentioned earlier found that farms integrating several diversification methods supported more biodiversity while seeing simultaneous increases in human well-being and food security. Agritourism is one popular diversification strategy. In 2022, 28,600 U.S. farms reported agritourism income, averaging gross revenue of $44,000 from these activities. Activities like farm tours, pick-your-own operations, and seasonal festivals not only provide additional income but also foster a deeper connection between consumers and agriculture. The changing face of agriculture is directly impacting consumers. The rise of farm-to-table and local food movements reflects a growing interest in where our food comes from and how it's produced. If every U.S. household spent just $10 per week on locally grown food, it would generate billions of dollars for local economies. However, the larger challenges in agriculture can also lead to price fluctuations at the grocery store. The USDA's Economic Research Service projects that food-at-home prices will increase between 1.2% and 2.2% in 2024. Looking ahead, several innovations are poised to reshape agriculture: The transformation of American agriculture affects everyone, from the food we eat to the health of our environment and rural communities. Consumers have the power to support sustainable and diverse farming practices through our purchasing decisions. As citizens, they can advocate for policies that support farmers in adopting innovative and sustainable practices. The challenges facing agriculture are complex, but they also present opportunities for innovation and positive change. By understanding and engaging with these issues, everyone can play a part in shaping a more resilient, sustainable, and equitable food system for the future. This story was produced by LandTrust and reviewed and distributed by Stacker. Get local news delivered to your inbox!
Stock market today: Wall Street stabilizes after Wednesday's sell-off
NoneOilers News & Rumors: Hyman, Arvidsson, McDavid, SkinnerNew York Jets interim coach Jeff Ulbrich said Aaron Rodgers “absolutely” will remain the team's starting quarterback and start Sunday against the Seattle Seahawks. Rodgers, who turns 41 next Monday, has been hampered at times during the Jets' 3-8 start by various injuries to his left leg, including a sore knee, sprained ankle and balky hamstring. Ulbrich said Monday the quarterback came back from the team's bye-week break ready to go. “All I can say, and you'd have to ask Aaron if he's fully healthy, but he's better off today than he's been as of late,” Ulbrich said. "So he's definitely feeling healthier than he has probably for the past month. A healthy Aaron Rodgers is the Aaron Rodgers we all love. “So, I'm excited about what that looks like.” NFL Network reported on Sunday that Rodgers, who missed all but four snaps last season with a torn left Achilles tendon , has declined having medical scans on his injured leg so he can continue to play. “I have not been informed of that, either way,” Ulbrich said. Rodgers suffered what NFL Network reported was a “significant” hamstring injury against Denver in Week 4. He then sprained his left ankle against Minnesota in London a week later. The four-time MVP has not been able to consistently move around during games as he has in the past, when extending plays and making things happen on the run became such a big part of his game. Rodgers said leading into New York's 28-27 loss to Indianapolis last Sunday that it was the healthiest he felt in a while. But he struggled against the Colts, finishing 22 of 29 for 184 yards after a brutally slow start during which he went 9 of 13 for just 76 yards. The Athletic reported last week that owner Woody Johnson broached the idea during a meeting with the coaching staff of having the banged-up Rodgers sit after the Jets' loss to Denver in Week 4. With Rodgers' struggles and perhaps compromised health the past few games, a hot debate on social media and sports talk shows during the past week has been whether the quarterback should take a seat in favor of Tyrod Taylor. But when asked if there has been any talk of shutting down Rodgers, Ulbrich replied flatly: “There has not.” In a follow-up question, the interim coach was asked if Rodgers will, in fact, be the Jets' starting quarterback at home Sunday against the Seahawks. “Absolutely,” Ulbrich said. He added that he didn't feel the need to sit down with Rodgers and address all the reports and chatter outside the facility. “No, I feel like we are on the same page,” the coach said. Last week, Ulbrich said he and his staff would take “a deep dive” into what the team could do better after losing seven of its past eight and being on the verge of missing the postseason for the 14th consecutive year. Ulbrich opted not to make any changes to the coaching responsibilities of his staff and he will continue to run the defense as the coordinator. He also said there would not be any personnel changes coming out of the bye, barring injuries. “But definitely, we created a really clear vision of where we need to improve and found some things,” Ulbrich said. “Obviously, you find the things that you’re not doing well, you need to improve upon them, but then also found some some things that I think we can really build upon. So I was excited in both ways.” Johnson fired general manager Joe Douglas last Tuesday, six weeks after he also dismissed coach Robert Saleh. On Monday, the team announced it would be assisted by The 33rd Team , a football media, analytics and consulting group founded by former Jets GM Mike Tannenbaum, in its searches for a general manager and coach. Ulbrich insisted that isn't creating an awkward situation for him, in particular, as he and his staff focus on the present while the organization begins planning for the future. “In all honesty, it’s not at all,” Ulbrich said. “My singular focus is just finishing the season off the right way, playing a brand of football we’re all proud of, myself included. And that starts with Seattle.” Injuries LB C.J. Mosley said he's “progressing” in his return from a herniated disk in his neck, but is still uncertain about his availability for Sunday. Mosley said Monday was the first time he put on a helmet since the injury occurred during pregame warmups against New England on Oct. 27. ... Ulbrich said the team is still evaluating LT Tyron Smith, who missed the game against Indianapolis with a neck ailment. AP NFL: https://apnews.com/hub/nfl
NoneNEW YORK (AP) — An early rebound for U.S. stocks petered out by the end of the day, leaving indexes close to flat. The S&P 500 edged down by 0.1% Thursday, coming off one of its worst days of the year after the Federal Reserve said it may deliver fewer cuts to interest rates in 2025 than earlier thought. The Dow Jones Industrial Average inched up by less than 0.1%, and the Nasdaq composite slipped 0.1%. Treasury yields were mixed in the bond market following reports showing the U.S. economy may be stronger than expected, but manufacturing may be contracting again. THIS IS A BREAKING NEWS UPDATE. AP’s earlier story follows below. NEW YORK (AP) — U.S. stocks are stabilizing Thursday following one of their worst days of the year . The S&P 500 rose 0.2% in late trading, a day after tumbling 2.9% when the Federal Reserve said it may deliver fewer cuts to interest rates next year than earlier thought. The Dow Jones Industrial Average was up 136 points, or 0.3%, with less than an hour remaining in trading, following Wednesday’s drop of more than 1,100 points. The Nasdaq composite rose 0.3%. Wednesday’s drop took some of the enthusiasm out of the market, which critics had already been warning was overly buoyant and would need everything to go correctly for it to justify its high prices. But indexes remain near their records , and the S&P 500 is still on track for one of its best years of the millennium . Traders are now expecting the Federal Reserve to deliver just one or maybe two cuts to interest rates next year, according to data from CME Group. Some are even betting on none. A month ago, the majority saw at least two cuts in 2025 as a safe bet. Wall Street loves lower interest rates because they give the economy a boost and goose prices for investments, but they can also provide fuel for inflation. Darden Restaurants, the company behind Olive Garden and other chains, helped lift the market after leaping 15.1%. It delivered profit for the latest quarter that edged past analysts’ expectations. The operator of LongHorn Steakhouses also gave a forecast for revenue for this fiscal year that topped analysts’. Accenture rose 6.7% after the professional services company likewise topped expectations for profit in the latest quarter. CEO Julie Sweet said it saw growth around the world, and the company raised its forecast for revenue this fiscal year. Amazon shares added 1.8%, even as workers at seven of its facilities went on strike Thursday in the middle of the online retail giant’s busiest time of the year. Amazon says it doesn’t expect an impact on its operations during what the workers’ union calls the largest strike against the company in U.S. history. They helped offset a tumble for Micron Technology, which fell 16.7% despite reporting stronger profit than expected. The computer memory company’s revenue fell short of Wall Street’s forecasts, and CEO Sanjay Mehrotra said it expects demand from consumers to remain weaker in the near term. It gave a forecast for revenue in the current quarter that fell well short of what analysts were thinking. Lamb Weston, which makes French fries and other potato products, dropped 22.6% after falling short of analysts’ expectations for profit and revenue in the latest quarter. It also cut its financial targets for the fiscal year, saying demand for frozen potatoes is continuing to soften, particularly outside North America. The company replaced its chief executive. In the bond market, yields were mixed a day after shooting higher on expectations that the Fed would deliver fewer cuts to rates in 2025. Reports on the U.S. economy came in mixed. One showed the overall economy grew at a 3.1% annualized rate during the summer, faster than earlier thought. The economy has remained remarkably resilient even though the Fed held its main interest rate at a two-decade high for a while before beginning to cut them in September. A separate report showed fewer U.S. workers applied for unemployment benefits last week, an indication that the job market also remains solid. But a third report said manufacturing in the mid-Atlantic region is unexpectedly contracting again despite economists’ expectations for growth. The yield on the 10-year Treasury rose to 4.57% from 4.52% late Wednesday and from less than 4.20% earlier this month. But the two-year yield, which more closely tracks expectations for action by the Fed in the near term, eased back to 4.31% from 4.35%. The rise in longer-term yields has put pressure on the housing market by keeping mortgage rates higher. Homebuilder Lennar fell 4.8% after it reported weaker profit and revenue for the latest quarter than analysts expected. CEO Stuart Miller said that “the housing market that appeared to be improving as the Fed cut short-term interest rates, proved to be far more challenging as mortgage rates rose” through the quarter. “Even while demand remained strong, and the chronic supply shortage continued to drive the market, our results were driven by affordability limitations from higher interest rates,” he said. A report on Thursday may have offered some encouragement for the housing industry. It showed a pickup in sales of previously occupied homes. In stock markets abroad, London’s FTSE 100 fell 1.1% after the Bank of England paused its cuts to rates and kept its main interest rate unchanged on Thursday. The move comes as inflation there moved further above the central bank’s 2% target rate, while the British economy is flatlining at best. The Bank of Japan also kept its benchmark interest rate unchanged, and Tokyo’s Nikkei 225 fell 0.7%. Indexes likewise sank across much of the rest of Asia and Europe. AP Business Writers Matt Ott and Elaine Kurtenbach contributed.
Lawyer says ex-Temple basketball standout Hysier Miller met with NCAA for hours amid gambling probe
Jets' Ulbrich says Rodgers 'absolutely' remains the team's starting quarterbackCollege Football Playoff director Rich Clark isn't happy there was a leak that spoiled the biggest surprise of this year's 12-team field. Moments before ESPN's final selection show aired Sunday, Brett McMurphy of the Action Network reported SMU was awarded the final at-large bid in the CFP. That was notable because the biggest debate going into the show was whether the last spot would go to the Mustangs or Alabama. "I was furious," Clark said Tuesday, per Matt Hayes of USA Today . "I told all involved, you've betrayed the process." Clark said he learned of the leak when his son texted him right before the release. "There are only a certain number of people who know," he said. "I know one thing, it wasn't me. There's the selection committee, ESPN and our staff. Someone in that group (is the leak)." While the news was spoiled before the show actually started, it didn't quell the debate. The biggest argument from this year's field was whether a three-loss Alabama with a strength of schedule advantage and notable wins over Georgia and South Carolina to go with ugly losses to Oklahoma and Vanderbilt would get in over two-loss SMU. SMU controlled its own destiny going into Saturday's ACC Championship Game but lost in stunning fashion when Clemson kicker Nolan Hauser drilled a 56-yard field goal as time expired. It was the Mustangs' second three-point loss of the season, which stood in stark contrast to Alabama's 24-3 loss to 6-6 Oklahoma. Still, SMU also couldn't match the Crimson Tide's victories and overall strength of schedule. The committee ultimately gave the nod to the Mustangs, meaning they weren't punished for playing in a conference title game when Alabama was sitting at home with its three regular-season losses. College football fans who were paying attention to social media knew that was the direction the committee went even before ESPN's show aired.
It looked like a recipe for disaster. So, when his country's swimmers were being accused of doping earlier this year, one Chinese official cooked up something fast. He blamed it on contaminated noodles. In fact, he argued, it could have been a culinary conspiracy concocted by criminals, whose actions led to the cooking wine used to prepare the noodles being laced with a banned heart drug that found its way into an athlete's system. This theory was spelled out to international anti-doping officials during a meeting and, after weeks of wrangling, finally made it into the thousands of pages of data handed over to the lawyer who investigated the case involving 23 Chinese swimmers who had tested positive for that same drug. The attorney, appointed by the World Anti-Doping Agency, refused to consider that scenario as he sifted through the evidence. In spelling out his reasoning, lawyer Eric Cottier paid heed to the half-baked nature of the theory. "The Investigator considers this scenario, which he has described in the conditional tense, to be possible, no less, no more," Cottier wrote. Even without the contaminated-noodles theory, Cottier found problems with the way WADA and the Chinese handled the case but ultimately determined WADA had acted reasonably in not appealing China's conclusion that its athletes had been inadvertently contaminated. Critics of the way the China case was handled can't help but wonder if a wider exploration of the noodle theory, details of which were discovered by The Associated Press via notes and emails from after the meeting where it was delivered, might have lent a different flavor to Cottier's conclusions. "There are more story twists to the ways the Chinese explain the TMZ case than a James Bond movie," said Rob Koehler, the director general of the advocacy group Global Athlete. "And all of it is complete fiction." In April, reporting from the New York Times and the German broadcaster ARD revealed that the 23 Chinese swimmers had tested positive for the banned heart medication trimetazidine, also known as TMZ. China's anti-doping agency determined the athletes had been contaminated, and so, did not sanction them. WADA accepted that explanation, did not press the case further, and China was never made to deliver a public notice about the "no-fault findings," as is often seen in similar cases. The stock explanation for the contamination was that traces of TMZ were found in the kitchen of a hotel where the swimmers were staying. In his 58-page report, Cottier relayed some suspicions about the feasibility of that chain of events — noting that WADA's chief scientist "saw no other solution than to accept it, even if he continued to have doubts about the reality of contamination as described by the Chinese authorities." But without evidence to support pursuing the case, and with the chance of winning an appeal at almost nil, Cottier determined WADA's "decision not to appeal appears indisputably reasonable." A mystery remained: How did those traces of TMZ get into the kitchen? Shortly after the doping positives were revealed, the Institute of National Anti-Doping Organizations held a meeting on April 30 where it heard from the leader of China's agency, Li Zhiquan. Li's presentation was mostly filled with the same talking points that have been delivered throughout the saga — that the positive tests resulted from contamination from the kitchen. But he expanded on one way the kitchen might have become contaminated, harkening to another case in China involving a low-level TMZ positive. A pharmaceutical factory, he explained, had used industrial alcohol in the distillation process for producing TMZ. The industrial alcohol laced with the drug "then entered the market through illegal channels," he said. The alcohol "was re-used by the perpetrators to process and produce cooking wine, which is an important seasoning used locally to make beef noodles," Li said. "The contaminated beef noodles were consumed by that athlete, resulting in an extremely low concentration of TMZ in the positive sample. "The wrongdoers involved have been brought to justice." This new information raised eyebrows among the anti-doping leaders listening to Li's report. So much so that over the next month, several emails ensued to make sure the details about the noodles and wine made their way to WADA lawyers, who could then pass it onto Cottier. Eventually, Li did pass on the information to WADA general counsel Ross Wenzel and, just to be sure, one of the anti-doping leaders forwarded it, as well, according to the emails seen by the AP. All this came with Li's request that the noodles story be kept confidential. Turns out, it made it into Cottier's report, though he took the information with a grain of salt. "Indeed, giving it more attention would have required it to be documented, then scientifically verified and validated," he wrote. Neither Wenzel nor officials at the Chinese anti-doping agency returned messages from AP asking about the noodles conspiracy and the other athlete who Li suggested had been contaminated by them. Meanwhile, 11 of the swimmers who originally tested positive competed at the Paris Games earlier this year in a meet held under the cloud of the Chinese doping case. Though WADA considers the case closed, Koehler and others point to situations like this as one of many reasons that an investigation by someone other than Cottier, who was hired by WADA, is still needed. "It gives the appearance that people are just making things up as they go along on this, and hoping the story just goes away," Koehler said. "Which clearly it has not." Get local news delivered to your inbox!UNITY TOWNSHIP, Pa. — Rescuers contemplated the safest way Wednesday to search for a woman who apparently fell into a Pennsylvania sinkhole while looking for her lost cat, saying a crumbling old coal mine beneath the surface complicated efforts and endangered workers. Crews worked through the night in the Unity Township community of Marguerite to find Elizabeth Pollard, 64. A state police spokesperson said early Wednesday they were reassessing their tactics to avoid putting the rescuers in danger. "The integrity of that mine is starting to become compromised," Trooper Steve Limani told reporters at the scene about 40 miles east of Pittsburgh. Rescue workers continue to search for Elizabeth Pollard, who is believed to have disappeared in a sinkhole while looking for her cat, Wednesday in Marguerite, Pa. Sinkholes occur in the area because of subsidence from coal mining activity. Rescuers used water to break down and remove clay and dirt from the mine, which has been closed since the 1950s, but that increased the risk "for potential other mine subsidence to take place," Limani said. "We're probably going to have to switch gears" and do a more complicated dig, he said. On Tuesday, crews lowered a pole camera with a sensitive listening device into the hole, but it detected nothing. Another camera lowered into the hole showed what could be a shoe about 30 feet below the surface, Limani said. Searchers also deployed drones and thermal imaging equipment to no avail. Marguerite Fire Chief Scot Graham, the incident commander, said access to the immediate area surrounding the hole was tightly controlled and monitored, with rescuers attached by harness. "We cannot judge as to what's going on underneath us. Again, you had a small hole on top but as soon as you stuck a camera down through to look, you had this big void," Graham said. "And it was all different depths. The process is long, is tedious. We have to make sure that we are keeping safety in the forefront as well as the rescue effort." Rescue workers search through the night in a sinkhole for Elizabeth Pollard, who disappeared while looking for her cat, Tuesday in Marguerite, Pa. Pleasant Unity Fire Chief John Bacha, the operations officer at the scene, said they were "hoping that there's a void that she could still be in." Pollard's family called police about 1 a.m. on Tuesday to say she had not been seen since going out Monday evening to search for Pepper, her cat. The temperature dropped well below freezing that night. In an interview with CBS News, Pollard's son, Axel Hayes, said he is experiencing a mix of emotions. "I'm upset that she hasn't been found yet, and I'm really just worried about whether she's still down there, where she is down there, or she went somewhere and found somewhere safer," Hayes said. "Right now, I just hope she's alive and well, that she's going to make it, that my niece still has a grandmother, that I still have a mother that I can talk to." The top of a sinkhole is seen Tuesday in the village of Marguerite, Pa., where rescuers searched for a woman who disappeared. Police said they found Pollard's car parked behind Monday's Union Restaurant in Marguerite, about 20 feet from the sinkhole. Hunters and restaurant workers in the area said they didn't notice the manhole-size opening in the hours before Pollard disappeared, leading rescuers to speculate that the sinkhole was new. "It almost feels like it opened up with her standing on top of it," Limani said. Searchers accessed the mine late Tuesday afternoon and dug a separate entrance out of concern that the ground around the sinkhole opening was not stable. Pollard lives in a small neighborhood across the street from where her car and granddaughter were located, Limani said. The young girl "nodded off in the car and woke up. Grandma never came back," Limani said. The child stayed in the car until two troopers rescued her. It's not clear what happened to Pepper. In an era of rapid technological advancement and environmental change, American agriculture is undergoing a revolution that reaches far beyond the farm gate. From the food on consumer plates to the economic health of rural communities, the transformation of U.S. farming practices is reshaping the nation's landscape in ways both visible and hidden. LandTrust explores how these changes impact everyone, whether they live in the heartland or the heart of the city. The image of the small family farm, while still a reality for many, is increasingly giving way to larger, more technologically advanced operations. According to the USDA, the number of farms in the U.S. has fallen from 6.8 million in 1935 to about 2 million today, with the average farm size growing from 155 acres to 444 acres. This shift has profound implications for rural communities and the food system as a whole. Despite these changes, diversity in farming practices is on the rise. A landmark study published in Science , involving data from over 2,000 farms across 11 countries, found that diversifying farmland simultaneously delivers environmental and social benefits. This challenges the longstanding idea that practices boosting biodiversity must come at a cost to yields and food security. The adoption of precision agriculture technologies is transforming how farmers manage their land and resources. GPS-guided tractors, drone surveillance, and AI-powered crop management systems are becoming commonplace on many farms. These technologies allow farmers to apply water, fertilizers, and pesticides with pinpoint accuracy, reducing waste and environmental impact while improving yields. However, the digital divide remains a challenge. More than 22% of rural communities lack reliable broadband internet access, hindering the widespread implementation of AI and other advanced technologies in agriculture. While technology offers new opportunities, farmers are also facing significant economic challenges. The USDA's 2024 farm income forecast projects a 4.4% decline in net farm income from 2023, following a sharp 19.5% drop from 2022 to 2023. This financial pressure is compounded by rising production costs and market volatility. Climate variability adds another layer of complexity. Extreme weather events, changing precipitation patterns, and shifting growing seasons are forcing farmers to adapt quickly. These factors could reduce agricultural productivity by up to 25% over the coming decades without significant adaptation measures. But adapting requires additional financial resources, further straining farm profitability. In the face of these challenges, many farmers are turning to diversification as a strategy for resilience and profitability. The Science study mentioned earlier found that farms integrating several diversification methods supported more biodiversity while seeing simultaneous increases in human well-being and food security. Agritourism is one popular diversification strategy. In 2022, 28,600 U.S. farms reported agritourism income, averaging gross revenue of $44,000 from these activities. Activities like farm tours, pick-your-own operations, and seasonal festivals not only provide additional income but also foster a deeper connection between consumers and agriculture. The changing face of agriculture is directly impacting consumers. The rise of farm-to-table and local food movements reflects a growing interest in where our food comes from and how it's produced. If every U.S. household spent just $10 per week on locally grown food, it would generate billions of dollars for local economies. However, the larger challenges in agriculture can also lead to price fluctuations at the grocery store. The USDA's Economic Research Service projects that food-at-home prices will increase between 1.2% and 2.2% in 2024. Looking ahead, several innovations are poised to reshape agriculture: The transformation of American agriculture affects everyone, from the food we eat to the health of our environment and rural communities. Consumers have the power to support sustainable and diverse farming practices through our purchasing decisions. As citizens, they can advocate for policies that support farmers in adopting innovative and sustainable practices. The challenges facing agriculture are complex, but they also present opportunities for innovation and positive change. By understanding and engaging with these issues, everyone can play a part in shaping a more resilient, sustainable, and equitable food system for the future. This story was produced by LandTrust and reviewed and distributed by Stacker. Be the first to know Get local news delivered to your inbox!