By: Bernard Condon, The Associated Press Posted:
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NEW YORK (AP) — SpaceX reported a bigger quarterly profit than expected Tuesday as its satellite communications operations and its business of leasing computing power to other companies boomed.
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NEW YORK (AP) — SpaceX reported a bigger quarterly profit than expected Tuesday as its satellite communications operations and its business of leasing computing power to other companies boomed.
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NEW YORK (AP) — SpaceX reported a bigger quarterly profit than expected Tuesday as its satellite communications operations and its business of leasing computing power to other companies boomed.
The company, run by Elon Musk, posted net income in the three months through September of $4.4 billion, or 35 cents per share. That’s more than double what Wall Street expected, and reverses a loss from the year-earlier period. Revenue soared to $14.6 billion, up 161%.
The results for the newly public company were a sharp break from the pattern of losses going back more than a year.
The newly public company’s results marked a sharp break from more than a year of losses.
The stock rose 2.2% in after-hours trading.
Shares had been under pressure over concerns that SpaceX was spending too much on major projects to compete with rivals such as OpenAI and Anthropic. The company said capital expenditures totaled $19.6 billion last quarter, nearly triple the figure from a year earlier.
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Empty desks: Advocates talk chronic school absenteeism
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Concerned that school and government leaders are downplaying the state of student absenteeism, community organizers are strategizing to create urgency around who’s regularly missing class — and why — in Winnipeg.
The inaugural Youth at Risk in Winnipeg Symposium, held over the weekend at the Canadian Mennonite University, drew roughly 100 people to discuss barriers to attendance and brainstorm ways to remove them.
Nearly 20 years after he began calling attention to the issue, first as a volunteer with the Point Douglas Residents Committee, Sel Burrows gave an impassioned speech about the lack of political will to take meaningful action to help students from “dysfunctional homes.”
“I’ve dealt with nine cabinet ministers, Conservative and NDP, and five deputy ministers, and the issue has not gotten any better,” Burrows told teachers, reseachers and community support workers gathered Saturday on CMU’s Shaftesbury campus.
Grifols plasma collection centre reopens after temporary shutdown
Chris Kitching 4 minute read Preview
Grifols plasma collection centre reopens after temporary shutdown
Chris Kitching 4 minute read Updated: 11:36 AM CDT
A Grifols plasma donation centre in south Winnipeg reopened Tuesday as part of the company’s phased return of operations, while a second location remains closed after its licence was suspended.
The Spain-based company has faced scrutiny after two people died following donations at Grifols’ sites on Taylor Avenue and Innovation Drive. The latter location is open again.
Health Canada suspended the Taylor location’s licence Sept. 23, saying the company failed to effectively implement corrective and preventive actions, and did not demonstrate that the centre has an effective quality management system.
Grifols voluntarily closed all of its clinics, including those in Winnipeg, in August. The Innovation Drive location’s licence was not suspended.
Salvation Army calls on Winnipeggers to donate merchandise as sales soar
Kelly-Anne Riess 4 minute read Preview
Salvation Army calls on Winnipeggers to donate merchandise as sales soar
Kelly-Anne Riess 4 minute read Yesterday at 2:01 AM CDT
The Salvation Army is taking donated merchandise from other regions to stock its Winnipeg thrift stores as increasing sales outpace local donations.
Retail activity at the charity’s eight Winnipeg locations grew more than 10 per cent year over year during several months, from January through April, and again in June.
Although local donations remain strong, they haven’t kept pace with demand, prompting the organization to supplement inventory with merchandise from elsewhere.
Ted Troughton, managing director of the Salvation Army’s thrift store operations, said rising living costs are bringing in new customers.
Detox centre ready but staffing challenges persist
Scott Billeck 6 minute read Preview
Detox centre ready but staffing challenges persist
Scott Billeck 6 minute read Yesterday at 2:01 AM CDT
Peter McMullen’s decade-long struggle with addiction gives him insight into the challenges Lighthouse Mission hopes to address with a new Main Street detox facility focused on connecting people with longer-term treatment.
McMullen, executive director of Lighthouse Mission, knows how difficult it can be to navigate Winnipeg’s addiction treatment system, particularly when someone is ready to seek help but the services they need aren’t immediately available.
Now, after years of planning and a lengthy renovation of two century-old buildings, the downtown organization is preparing to open a 10-bed detox facility at 667 and 669 Main St., with five beds each for men and women.
The facility could begin accepting clients as early as November, provided Lighthouse Mission can overcome one final hurdle: recruiting enough staff to operate it.
Katz ‘violated public trust,’ Sheegl lacked ‘moral compass,’ police HQ inquiry commissioner concludes
Joyanne Pursaga 8 minute read Preview
Katz ‘violated public trust,’ Sheegl lacked ‘moral compass,’ police HQ inquiry commissioner concludes
Joyanne Pursaga 8 minute read Updated: Yesterday at 7:29 PM CDT
The final report from the public inquiry into the scandal-plagued Winnipeg Police Service headquarters construction project concludes that former mayor Sam Katz and former city CAO Phil Sheegl broke public trust and engaged in unethical conduct.
And the report, released Monday by inquiry commissioner Garth Smorang, says the cost of the project — transforming a downtown Canada Post office tower and warehouse into the police HQ — soared, in part, because main contractor Caspian Projects overcharged the city by more than $40 million in expenses.
The project’s initial $135-million initial price tag rose to about $209 million in the end. The city purchased the complex in 2009; construction was completed in 2016.
Smorang’s report concludes Katz “violated the public trust” and council code of conduct, and Sheegl suffered from a “complete lack of a moral compass.”
