General Motors Co’s first-quarter profit beat analyst estimates on Tuesday, as the automaker focused on sales of more expensive models with higher margins, even with production still limited by chip shortages and supply chain disruptions. GM’s net income dipped slightly to $2.9 billion in the quarter, compared with analysts’ estimates of $2.45 billion, as higher…
GM Reports First-Quarter Profit of $2.9 Billion, Affirms Full-Year Outlook
Chipotle Sees Quarterly Sales Above Wall Street View Amid Strong Demand
Chipotle Mexican Grill Inc forecast second-quarter same-store sales above analysts’ estimates on Tuesday, betting demand for its burritos and rice bowls will remain buoyant despite a few rounds of price increases. The burrito chain forecast comparable restaurant sales growth of 10 percent to 12 percent for the current quarter, compared with estimates of 8.8 percent growth, according…
U.S. Sends Hazard Alert Letter to Amazon After 2021 Fatal Warehouse Collapse
WASHINGTON—The U.S. Occupational Safety and Health Administration issued a hazard alert letter to Amazon.com Inc on Tuesday after six contractors were fatally injured and another was severely injured when a tornado struck Amazon’s Edwardsville, Illinois, warehouse in December 2021. OSHA did not issue any violations or citations after the warehouse collapse following the Category 3…
NASA Administrator Talks Moon and Beyond
NASA Administrator Bill Nelson is looking forward to the first test flight of the Space Launch System rocket, and, later, the first manned flight to the moon in more than 50 years. Nelson held a media briefing Tuesday ahead of the Crew-4 launch to the International Space Station. “Right now we are proceeding on. We’re…
Republican Senator Blasts US Justice Dept’s Boeing 737 MAX Plea Deal
WASHINGTON—Texas Republican Senator Ted Cruz backed the families of passengers killed in two fatal Boeing 737 MAX crashes and sharply criticizing the Justice Department’s deferred prosecution agreement with Boeing. The $2.5 billion Boeing deferred prosecution agreement, a type of corporate plea agreement, was reached in January 2021 near the end of former President Donald Trump’s…
France Gives Leeway on Food Labels as Firms Switch From Sunflower Oil
April 27, 2022
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Business & EconomyCompanieseconomic policieseconomyEuropefood labelFranceInternationalMarketsRussia-Ukraine Warsunflower oilWorld
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PARIS—France will give food companies up to six months to change product labels to reflect recipe changes if they replace sunflower oil, supplies of which have been strained by the war in top exporter Ukraine, the economy ministry said on Tuesday. Ukraine usually accounts for about half of global exports of sunflower oil, one of…
Spain: 1 Dead, 24 Missing After Migrant Boat Capsizes
MADRID—A boat carrying migrants capsized off Spain’s Canary Islands, leaving one person dead and another 24 missing, authorities said. The vessel overturned sometime between Monday afternoon and early Tuesday, Spain’s marine rescue service said. Spanish rescuers intercepted three boats heading to the islands, rescuing a total of 116 people, a spokeswoman told The Associated Press….
Australia to Provide Howitzers to Ukraine as Russia Ramps up Offensive
The Australian government has announced it will provide heavy artillery weapons and ammunition to Ukraine’s armed forces as Russia continues its military offensive in the European nation. The commitment by Australia’s prime minister and defence minister was made while the government is in caretaker mode during its federal elections. In response to more pleas from…
Books May Be the Answer to Fighting Cancer Brain Fog
April 27, 2022
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Australiabiblebibliotherapycancercancer patientHealth & SafetyInternationalLifestylereadingScienceScience NewsSouth Australauniversity of south australiaWorld
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Researchers from the University of South Australia are studying the potential effect of bibliotherapy, or being read to, by investigating the possibility of fictional reading as a form of “escape” for cancer patients. “There is something to be said for losing yourself in a book and escaping reality for a while, particularly for people who…
Russian Court Orders Seizure of $7 Million in Google’s Russian Funds, Property: Reports
April 27, 2022
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Business & EconomyCompanieseconomic policieseconomyEuropefund seizureGoogleInternationalMarketsRussiaRussia-Ukraine WarSocial MediaTechTech NewsWorld
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A Moscow court has ordered the seizure of 500 million roubles ($7 million) worth of Google’s property and funds in Russia, news agencies said, in a lawsuit concerning restrictions the U.S. tech firm has placed on the YouTube channel of a prominent television firm. Alphabet Inc.’s Google did not immediately respond to a request for…
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