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Coach parent Tapestry buying Capri, owner of Michael Kors and Versace, in $8.5 billion deal

Published Sat, 22 Feb 2025 04:00:59 GMT

NEW YORK (AP) — Tapestry, parent company of luxury handbag and accessories retailer Coach, is buying the owner of fashion brands including Michael Kors, Versace and Jimmy Choo, Capri Holdings. The approximately $8.5 billion deal puts Tapestry in a better position to take on its big European fashion rivals. U.S. fashion houses have been attempting to take on powerhouses in Europe like LVMH and Kering.Tapestry Inc., whose brands also include Kate Spade and Stuart Weitzman, said Thursday that the combined company had global annual sales of more than $12 billion and has a presence in more than 75 countries. “The combination of Coach, Kate Spade, and Stuart Weitzman together with Versace, Jimmy Choo, and Michael Kors creates a new powerful global luxury house,” Tapestry CEO Joanne Crevoiserat said in a statement.Capri Holdings Ltd. shareholders will receive $57.00 per share in cash. “By joining with Tapestry, we will have greater resources and capabilities to accelerate the expansi...

Rocket Pharmaceuticals: Q2 Earnings Snapshot

Published Sat, 22 Feb 2025 04:00:59 GMT

CRANBURY, N.J. (AP) — CRANBURY, N.J. (AP) — Rocket Pharmaceuticals Inc. (RCKT) on Thursday reported a loss of $65.7 million in its second quarter.On a per-share basis, the Cranbury, New Jersey-based company said it had a loss of 82 cents.The results fell short of Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for a loss of 80 cents per share._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on RCKT at https://www.zacks.com/ap/RCKTSource

Cogent: Q2 Earnings Snapshot

Published Sat, 22 Feb 2025 04:00:59 GMT

WASHINGTON (AP) — WASHINGTON (AP) — Cogent Communications Group Inc. (CCOI) on Thursday reported second-quarter net income of $1.12 billion.The Washington-based company said it had profit of $23.65 per share. Losses, adjusted for non-recurring gains, were 13 cents per share.The results did not meet Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 6 cents per share.The internet service provider posted revenue of $239.8 million in the period, which also did not meet Street forecasts. Five analysts surveyed by Zacks expected $259.8 million.Cogent shares have risen 2% since the beginning of the year._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CCOI at https://www.zacks.com/ap/CCOISource

CyberArk: Q2 Earnings Snapshot

Published Sat, 22 Feb 2025 04:00:59 GMT

PETACH-TIKVA, Israel (AP) — PETACH-TIKVA, Israel (AP) — CyberArk Software Ltd. (CYBR) on Thursday reported a loss of $25.8 million in its second quarter.On a per-share basis, the Petach-Tikva, Israel-based company said it had a loss of 62 cents. Earnings, adjusted for one-time gains and costs, came to 3 cents per share.The results topped Wall Street expectations. The average estimate of 12 analysts surveyed by Zacks Investment Research was for a loss of 13 cents per share.The maker of software that detects attacks on privileged accounts posted revenue of $175.8 million in the period, also surpassing Street forecasts. Eleven analysts surveyed by Zacks expected $173.2 million.For the current quarter ending in September, CyberArk expects its per-share earnings to range from 19 cents to 27 cents.The company said it expects revenue in the range of $181.5 million to $186.5 million for the fiscal third quarter.CyberArk expects full-year earnings in the range of 44 cents to 63 cents per sha...

WalkMe: Q2 Earnings Snapshot

Published Sat, 22 Feb 2025 04:00:59 GMT

TEL AVIV, Israel (AP) — TEL AVIV, Israel (AP) — WalkMe Ltd. (WKME) on Thursday reported a loss of $13.6 million in its second quarter.The Tel Aviv, Israel-based company said it had a loss of 15 cents per share. Earnings, adjusted for one-time gains and costs, came to less than 1 cent on a per-share basis.The operator of cloud-based digital adoption platform posted revenue of $66.2 million in the period.For the current quarter ending in September, WalkMe said it expects revenue in the range of $66 million to $68 million.The company expects full-year revenue in the range of $266 million to $270 million._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on WKME at https://www.zacks.com/ap/WKMESource

US secretary of education to visit Aurora

Published Sat, 22 Feb 2025 04:00:59 GMT

AURORA, Colo. (KDVR) — Thursday morning, U.S. Secretary of Education Miguel Cardona will be in Aurora for a conversation with Gov. Jared Polis.  Cardona and Polis will meet as part of the Biden administration's "Unlocking Pathways Summit" at the Community College of Aurora.Cardona is expected to highlight portions of Biden's economic agenda, likely emphasizing job growth opportunities tied to federal investments, according to officials. He also plans to discuss future careers in sectors like clean energy, cyber security and other high-demand fields. Voters to decide on $550 million plan to fund Douglas County schools In an official statement, Cardona's team said:The Summit complements the Biden-Harris administration’s workforce hubs, which were launched earlier this year in an initial set of five cities that are seeing an influx of private and public investment spurred by President Biden’s Investing in America agenda. The Hubs focus on bringing together industry, state, local and ...

Pikes Peak Cog Railway announces 2 new sunrise train dates

Published Sat, 22 Feb 2025 04:00:59 GMT

PIKES PEAK, Colo. (KXRM) — The Broadmoor Manitou and Pikes Peak Cog Railway have announced two additional sunrise train expeditions following the popularity of the previous sunrise rides.The railway said the July 21, National Parks and Recreation Day, and Aug. 1, Colorado Day, sunrise rides were so successful that the service would add two additional rides that will benefit Manitou Springs community partners in 2023.The newly announced sunrise trains will take place on Monday, Sept. 11 to honor First Responders. A portion of the proceeds will benefit the Manitou Springs Fire and Police Departments. The second will occur on Monday, Oct. 9, Indigenous Peoples Day, with a portion of the proceeds going to the Manitou Springs School District. Fall leaves set to be more colorful than usual The early morning cog rides head to the top of Pikes Peak for visitors to enjoy the sun illuminating the sky and sunrise over the vistas and views that inspired the lyrics to "America the Beautiful." ...

Rihanna continues breaking the rules of maternity style with a sultry new line for pregnant people

Published Sat, 22 Feb 2025 04:00:59 GMT

(CNN) — When Rihanna was pregnant with her first child in 2022, she subverted many of the conservative social and sartorial boundaries of maternity style — regularly photographed attending events and red carpets in minidresses, heels and baby bump-baring garments with cutouts.Now, as the singer and businesswoman and her partner, rapper A$AP Rocky, expect their second child, she’s expanding upon her pregnancy — and parenthood — aesthetic by designing and releasing a maternity capsule collection through lingerie brand Savage X Fenty.“The new maternity capsule is about bringing that confidence and comfort to moms at every stage of their journeys,” Rihanna said in a news release. “I want to remind people that you can still channel sexiness and feel-good while being a parent.”The new line features an oversized graphic tee with the cheeky message “Make More Babies” and three bralettes, all of which were both inspired by (and named after) Savage X Fenty’s most popular silhouettes — Savage ...

Ryanair rages at ‘Soviet’ Italy as EU eyes Meloni’s move to curb flight prices

Published Sat, 22 Feb 2025 04:00:59 GMT

The European Commission has asked Rome for more information on its measure to combat high flight prices between Italy’s islands and the mainland after airlines argued the move breached EU rules. Giorgia Meloni’s Italian government on Monday approved the measure which targets the use of flight-pricing algorithms by airlines and bans their use for internal flights between the Italian mainland and Sicily and Sardinia, apart from in rare exceptions.In practice, the measure would forbid airlines from raising the price of flights between the mainland and Sicily or Sardinia by more than 200 percent of the average price of the flight — although it’s not clear what would count as an “average price.” It comes after low-cost carrier airfares to both islands have soared.Airlines reacted furiously to Rome’s move, with Ryanair CEO Eddie Wilson branding it “illegal.”“It’s ridiculous, illegal and interferes with the free market, according to European law,” Wilson told Italian newsw...

Founder of Russia’s Google slams Putin’s ‘barbaric’ Ukraine war

Published Sat, 22 Feb 2025 04:00:59 GMT

Arkady Volozh, one of the founders of Yandex — Russia’s version of Google — is “categorically against” the Kremlin’s full-scale invasion of Ukraine, the entrepreneur said Thursday in a rare public admission from a leading Russian business figure.“Russia’s invasion of Ukraine is barbaric, and I am categorically against it,” Volozh said in a written statement shared with POLITICO, adding he was “horrified about the fate of people in Ukraine.”Volozh, who co-founded Yandex in 1997 and has been living in Israel since 2014, stepped down as Yandex’s CEO in June 2022 after he was sanctioned by the EU for “materially or financially” supporting Russia’s war.He said he realized that his “role in the Yandex story had come to an end” after the Kremlin’s aggression ramped up in February 2022, but had chosen to “stay silent” since then to focus on “support[ing] the talented Russian engineers...