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New investor of Russia’s largest children's goods retailer Detsky Mir speaks out on company strategy

Published Sat, 22 Feb 2025 03:01:38 GMT

In his first interview after the takeover from ex-owner Pavel Grachev, new investor Alexey Zuev who acquired a stake in Detsky Mir in May revealed the company`s business strategy and future plans in his first interview published in Russian media outlet Izvestia.Past and presentPrior to becoming a major stakeholder of Detsky Mir in 2023, Zuev owned another children's goods retailer named Korablik. But the company has faced financial problems. Zuev sees Detsky Mir business model as completely different to Korablik. “You can’t compare the scale of the businesses. We recently opened our 1,000th store. The Company got through the pandemic, learned lessons, and gained experience from operating during a crisis”.Zuev`s Detsky Mir story hasn’t just started from scratch – it had deep roots. Back in the 1990s, after the USSR collapsed, Zuev took the role as Chief Commercial Director at Detsky Mir and soon became a shareholder of the ex-Soviet retailer. “But at that time, I had my own vision fo...

Watch: LAPD in pursuit of 35-foot RV in Los Angeles

Published Sat, 22 Feb 2025 03:01:38 GMT

Police officers are currently in pursuit of a large recreational vehicle.The driver of the RV is reportedly being pursued for domestic violence, according to the Los Angeles Police Department.The pursuit began around 4:30 a.m. in West Los Angeles. When LAPD initially went to conduct a traffic stop, the RV kept going and a pursuit was initiated.The RV drove onto the southbound span of the 405 Freeway and was going towards Carson.Two people were originally in the RV, but a woman may have jumped out in the Long Beach, according to KTLA 5's Rich Prickett.This is a developing story. Stay with KTLA for updates.Nancy Fontan contributed to this report.

Driver caught on dashcam video striking bicyclist, fleeing scene in Orange County 

Published Sat, 22 Feb 2025 03:01:38 GMT

A driver struck a bicyclist and left the scene of the collision early Monday morning, and the whole incident was caught on dashcam video. The collision occurred around 12:30 a.m. Monday morning at the intersection of South Euclid Street and West Katella Avenue in Anaheim. Dashcam footage shows that the impact of the crash threw the victim off their bike and into the roadway. Dashcam video caught the moment when a bicyclist was struck in Anaheim, CA on Nov. 6, 2023.Instead of stopping to render aid and identify themselves, the driver quickly accelerated and fled the area.  $10K in stolen retail merchandise recovered after 3 arrests made The bicyclist was taken to a nearby hospital in unknown condition. A vehicle description for the suspect has not yet been released. 

Rain tracker map: Where it’s wet in the Bay Area, snowing in the Sierra

Published Sat, 22 Feb 2025 03:01:38 GMT

Scattered showers moved into the Bay Area on Sunday and are expected to linger into Monday afternoon.Related ArticlesWeather | Light rain has begun in the Bay Area and will last through Monday Weather | Paradise recovery from deadly Camp Fire: How to build a fireproof town Weather | ‘It can happen anywhere’: Author explains why no one is safe from wildfires in the 21st century Weather | 2023 El Niño: New maps reveal who could see more snow this winter Weather | Storm Ciarán brings record rainfall to Italy with at least 6 killed. European death toll rises to 14 The updating radar map above shows areas of precipitation in green, with greater intensities in yellow.Heavier rain, lightning, high winds and hail were reported Sunday night in the Redding area, and up to 4 inches of snow was expected Monday and Tuesday at Lake Tahoe.Updates on road closures and chain controls can be found on CalTrans&...

Stock market today: Wall Street steady as earnings season winds down

Published Sat, 22 Feb 2025 03:01:38 GMT

Wall Street was slow to gain traction early Monday as earnings season begins to wind down and little economic data out of Washington this week on inflation or U.S. employment. Futures for the Dow Jones Industrials were unchanged before the bell while the S&P 500 dipped about 0.1%.Oil prices gained after Saudi Arabia and Russia reiterated their commitment to maintaining oil supply cuts of more than 1 million barrels per day until the end of the year.Also, the Israeli military announced late Sunday that it had encircled Gaza City and cut the besieged coastal strip in two almost a month into the deepening conflict. In European trading, Germany’s DAX lost 0.3% and the CAC 40 in Paris fell 0.5%. Britain’s FTSE 100 edged 0.2% lower.Recent surveys of factory managers showed a deterioration in business activity, reinforcing concerns over slowing growth in Germany, France and other major economies. In Asia, stocks surged Monday after Wall Street benchmarks were buoyed last week by hopes ...

Genie Energy: Q3 Earnings Snapshot

Published Sat, 22 Feb 2025 03:01:38 GMT

NEWARK, N.J. (AP) — NEWARK, N.J. (AP) — Genie Energy Ltd. (GNE) on Monday reported profit of $14.5 million in its third quarter.The Newark, New Jersey-based company said it had net income of 53 cents per share. Earnings, adjusted to account for discontinued operations, came to 54 cents per share.The provider of oil and gas energy services posted revenue of $125 million in the period._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on GNE at https://www.zacks.com/ap/GNESource

V2X: Q3 Earnings Snapshot

Published Sat, 22 Feb 2025 03:01:38 GMT

MCLEAN, Va. (AP) — MCLEAN, Va. (AP) — V2X, Inc. (VVX) on Monday reported a loss of $6.4 million in its third quarter.On a per-share basis, the McLean, Virginia-based company said it had a loss of 21 cents. Earnings, adjusted for amortization costs and costs related to mergers and acquisitions, were 73 cents per share.The results missed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 84 cents per share.The government services company posted revenue of $1 billion in the period, which topped Street forecasts. Four analysts surveyed by Zacks expected $967.8 million.V2X expects full-year earnings in the range of $3.50 to $3.75 per share, with revenue in the range of $3.9 billion to $3.95 billion._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on VVX at https://www.zacks.com/ap/VVXSource

Napco: Fiscal Q1 Earnings Snapshot

Published Sat, 22 Feb 2025 03:01:38 GMT

AMITYVILLE, N.Y. (AP) — AMITYVILLE, N.Y. (AP) — Napco Security Technologies Inc. (NSSC) on Monday reported earnings of $10.5 million in its fiscal first quarter.The Amityville, New York-based company said it had net income of 28 cents per share.The security products and software company posted revenue of $41.7 million in the period._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on NSSC at https://www.zacks.com/ap/NSSCSource

22nd Century: Q3 Earnings Snapshot

Published Sat, 22 Feb 2025 03:01:38 GMT

BUFFALO, N.Y. (AP) — BUFFALO, N.Y. (AP) — 22nd Century Group Inc. (XXII) on Monday reported a loss of $72.7 million in its third quarter.On a per-share basis, the Buffalo, New York-based company said it had a loss of $3.68. Losses, adjusted for asset impairment costs and restructuring costs, were 78 cents per share.The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 91 cents per share.The plant biotechnology company posted revenue of $17.8 million in the period, missing Street forecasts. Three analysts surveyed by Zacks expected $20.1 million._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on XXII at https://www.zacks.com/ap/XXIISource

Air Lease: Q3 Earnings Snapshot

Published Sat, 22 Feb 2025 03:01:38 GMT

LOS ANGELES (AP) — LOS ANGELES (AP) — Air Lease Corp. (AL) on Monday reported third-quarter profit of $132.5 million.The Los Angeles-based company said it had net income of $1.10 per share.The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.08 per share.The company that leases planes to airlines posted revenue of $659.4 million in the period, also exceeding Street forecasts. Three analysts surveyed by Zacks expected $659.2 million.Air Lease shares have decreased 4% since the beginning of the year. The stock has risen almost 5% in the last 12 months._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on AL at https://www.zacks.com/ap/ALSource