Royal Caribbean Group Expects Profitable For Full Year 2022 – Quick Facts

Chifeng Jilong Gold Mining To Acquire Golden Star Resources – Quick Facts

Golden Star Resources Ltd. (GSS, GSC.TO) and Chifeng Jilong Gold Mining Co., Ltd. have entered into a definitive agreement, pursuant to which Chifeng has agreed to acquire all of the issued and outstanding common shares of Golden Star. The Golden Star shareholders will receive total consideration, payable in cash, of $3.91 per Golden Star share, which equates to approximately $470 million.

The Board of Golden Star has unanimously approved the deal and recommended that Golden Star shareholders vote in favour of the transaction.

Loews Corp. Bottom Line Rises In Q3

Loews Corp. (L) announced a profit for its third quarter that rose from last year.

The company’s profit came in at $220 million, or $0.85 per share. This compares with $139 million, or $0.50 per share, in last year’s third quarter.

The company’s revenue for the quarter fell 2.9% to $3.37 billion from $3.47 billion last year.

Loews Corp. earnings at a glance:

-Earnings (Q3): $220 Mln. vs. $139 Mln. last year.
-EPS (Q3): $0.85 vs. $0.50 last year.
-Revenue (Q3): $3.37 Bln vs. $3.47 Bln last year.

RTD’s D, E and H lines closed Monday afternoon due to fire department activity

Three RTD lines — the D, E and H lines — are running again after brief closures Monday afternoon due to fire department activity.

Transportation officials briefly suspended services Monday afternoon around 3 p.m., but the rail lines were back in service as of 3:44 p.m.

McKesson In Deal To Sell UK Businesses To AURELIUS For Undisclosed Terms

McKesson Corp. (MCK), a healthcare supply chain management solutions provider, announced Monday that it has entered into an agreement to sell its UK businesses to AURELIUS, a pan-European asset management group. The financial terms of the deal were not disclosed.

The sale is expected to close in fiscal 2022, subject to customary closing conditions, including receipt of required regulatory approvals.

The transaction includes the sale of McKesson UK businesses LloydsPharmacy, LloydsDirect, previously Echo by LloydsPharmacy, AAH Pharmaceuticals, LloydsPharmacy Clinical Homecare, LloydsPharmacy Online Doctor, MASTA and John Bell & Croyden.

Following the deal, AURELIUS expects to support McKesson UK by further investing in and growing each of its business divisions.

The sale, which follows McKesson’s recently announced sale of certain European businesses, is part of its plan to streamline the business and fully exit the European region.

Brian Tyler, chief executive officer, McKesson, said, “As we explore strategic options to fully exit Europe, this transaction provides our UK operation with the best path forward to achieve its long-term growth potential, while allowing McKesson to focus future investments in strategic growth areas outside of Europe.”

Electricity demand rose 4.8% in October

India’s power consumption grew 4.8% in October to 114.37 billion units

India’s power consumption grew 4.8% in October to 114.37 billion units (BU), indicating a good recovery amid coal shortages at electricity generation plants, according to power ministry data.

Last year in October, power consumption stood at 109.17 BU and in the same period in 2019, it was at 97.84 BU.

During October, the peak power demand met or the highest supply in a day stood at 174.60 GW, higher than the 169.89 GW seen a year earlier. The data clearly shows that there is recovery in power consumption as well as demand in the country.

Police investigating Green Valley Ranch fatal shooting overnight Monday

Police have launched a homicide investigation after a man was killed in a shooting early Monday morning in Denver’s Green Valley Ranch neighborhood.

Denver police tweeted about the shooting just after 2:30 a.m., which took place in the 19600 block of East 42nd Avenue.

The man, who has not been identified, was taken to the hospital, where he later died, police said.

Authorities do not have anyone in custody, and “the circumstances of the shooting are under investigation,” a police spokesman said via email.

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PG&E Corp. Reaffirms FY21 Adj. EPS Outlook – Quick Facts

While reporting financial results for the second quarter on Thursday, PG&E Corp. (PCG) again reaffirmed its adjusted core earnings guidance for the full-year 2021.

For fiscal 2021, the company now expects reported results between a loss of $0.12 per share and earnings of $0.07 per share, compared to prior guidance for earnings in the range of $0.01 to $0.15 per share. However, adjusted core earnings are reaffirmed in the range of $0.95 to $1.05 per share.

On average, 12 analysts polled by Thomson Reuters expect the company to report earnings of $0.26 per share for the year. Analysts’ estimates typically exclude special items.

Royal Caribbean Group Expects Profitable For Full Year 2022 – Quick Facts

While reporting third-quarter results on Friday, Royal Caribbean Group (RCL) said, by the end of the current year, the Group expects that 50 out of 61 ships will have returned to service across its five brands, representing almost 100% of its core itineraries and approximately 80% of worldwide capacity. As of Friday, 40 ships from the company’s five brands, or approximately 65% of its capacity, have resumed sailing. Royal Caribbean Group expects to be cash flow positive by spring and profitable for the full year 2022.

Royal Caribbean said its booking volumes have improved significantly since the slowdown this summer. The company received more bookings in the third quarter compared to the second quarter. Sailings for 2022 are booked within historical ranges and at higher prices than 2019, even when including future cruise credits, the company noted.

Third quarter adjusted net loss was $1.2 billion or $4.91 per share compared to adjusted loss of $1.2 billion or $5.62 per share in the prior year. On average, 11 analysts polled by Thomson Reuters expected the company to report a loss per share of $4.40, for the quarter. Analysts’ estimates typically exclude special items. GAAP net loss was $1.4 billion or $5.59 per share compared to a loss of $1.3 billion or $6.29 per share.

Passenger ticket revenues increased to $280.15 million from $3.20 million, last year. Total revenues were $456.96 million, for the quarter. Analysts on average had estimated $567.03 million in revenue.