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first_img Pinterest Pinterest By Digital AIM Web Support – February 4, 2021 Twitter Facebook Farmer Brothers: Fiscal 2Q Earnings Snapshot TAGS  NORTHLAKE, Texas (AP) — Farmer Brothers Co. (FARM) on Thursday reported a fiscal second-quarter loss of $17.7 million, after reporting a profit in the same period a year earlier. On a per-share basis, the Northlake, Texas-based company said it had a loss of $1.02. Losses, adjusted for pretax expenses and asset impairment costs, were 19 cents per share. The coffee and tea company posted revenue of $104.6 million in the period. Farmer Brothers shares have risen 49% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $6.95, a decrease of 41% 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 FARM at https://www.zacks.com/ap/FARMcenter_img WhatsApp Twitter WhatsApp Local NewsBusinessState Facebook Previous articleMichigan: Contact sports can resume Monday, with masksNext articleMercury star Griner opens up about getting counseling Digital AIM Web Supportlast_img read more


first_imgAberdeen Standard Investments (ASI) has appealed a decision made by the Swedish Pensions Agency to reject it from the country’s Premium Pensions System (PPM).The asset manager lodged its appeal on 22 July, having had investment funds run via its Luxembourg subsidiary rejected on 12 June, according to information on the Pensions Agency’s website.The decision to refuse ASI’s application affects nine funds with a total of €179m in assets under management. All privately-managed funds offered on the PPM’s funds marketplace platform were required to reapply for participation by late last year as part of recent reforms of the defined contribution section of the country’s first-pillar pension system.A spokesman from ASI told IPE: “We are appealing to the Administrative Court in order to have the Swedish Pension Agency consider our revised application based on the new and completed set of applications and documentation. “A number of asset managers have had their applications turned down. We note administrative errors that were made in our application and intend to correct them.”The spokesman added that ASI was supportive of the new qualitative and quantitative measures brought in by the Pensions Agency to evaluate funds and managers, and it hoped to resolve the rejection in order to continue to grow its business within the platform.Meanwhile, Swedish pensions expert Mats Langensjö, a key player in the development of the system’s reform, took the opportunity to speak out in support of the planned second stage of the PPM reform, which would involve the creation of a centrally-procured offering of investment funds from private-sector providers.In a post on Linkedin, Langensjö – a partner at Secoria – said: “One of the problems with ‘stage 1’ in the Premium Pension is precisely that it rests partly on administrative law and not on qualitative criteria, which are relevant for long-term pension savings.“Entering the platform via the administrative court is not a meaningful activity. A good ‘stage 2’ is needed to give savers a good and relevant alternative. The state has that responsibility.”The first stage of the reform, which involves a mass re-application process for asset managers, was intended to tackle the problem of low-quality providers and rogue players.last_img read more


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first_imgCoach SarriLondon, United Kingdom | AFP | Chelsea secured a place in next season’s Champions League on Sunday as Manchester United and Arsenal badly fluffed their lines in the race to finish in the Premier League’s top four.Maurizio Sarri’s side beat Watford 3-0 to lift them into third spot behind Liverpool and Manchester City and their day was made all the sweeter as United drew at relegated Huddersfield and Arsenal were held by Brighton.The results mean that with one round of fixtures remaining Chelsea, on 71 points, cannot be caught by fifth-placed Arsenal, who are on 67 points, or United, a point further back.Fourth-placed Tottenham, on 70 points and with a far better goal difference than north London rivals Arsenal, are virtually assured of Champions League football next season barring an unlikely sequence of events.Sarri’s team were booed off after a sloppy first half, but two goals in three minutes from Ruben Loftus-Cheek and David Luiz lifted the mood at Stamford Bridge before Gonzalo Higuain sealed victory, Chelsea’s first in four games in all competitions.Finishing in the top four and winning the Europa League would make the Italian manager’s troubled first season a relative success.“We want to be in the top four at the end of the season. We want to be in the Champions League,” said Sarri, whose side drew the first leg of their Europa League semi-final against Eintracht Frankfurt 1-1.“The Europa League is also a very important competition and we want to win it because we think we deserve to a trophy this season. So we have two targets.”Despite their miserable 1-1 draw, Arsenal can still reach the Champions League after two seasons away from Europe’s top club competition if they win the Europa League.They are in a strong position after beating Valencia 3-1 in the first leg of the semi-final.Arsenal, who came into the match after three straight Premier League defeats, started brightly at the Emirates and took the lead through an early Pierre-Emerick Aubameyang penalty.But they squandered opportunities to extend their advantage and were made to pay when Glenn Murray scored from the spot following the hour mark after Granit Xhaka fouled Solly March.Arsenal poured forward in search of a winner but Aubameyang volleyed wide from close range and Brighton goalkeeper Mat Ryan made several fine saves to keep them at bay. Disappointed boss Unai Emery turned his thoughts to Thursday’s second leg of their Europa League tie, with Arsenal set to finish outside the top four for a third consecutive season.“We knew it is going to be difficult but our focus is now the Europa League,” he told the BBC. “We have the opportunity in the Europa League to do something important and we will try and do that.”– United embarrassed –United slinked off the pitch at Huddersfield after an embarrassing 1-1 draw, with manager Ole Gunnar Solskjaer admitting his side did not deserve to qualify for the Champions League.The visitors had to rely on Huddersfield for a helping hand for their only goal as Scott McTominay’s strike from the edge of the box went straight through Jonas Lossl’s to given them an early lead.Huddersfield had only scored nine goals at home all season, but one hopeful punt from Lossl cut United open for the equaliser on the hour mark.Luke Shaw failed to cut out the Danish goalkeeper’s clearance and allowed Isaac Mbenza a clear run on goal to slot between David de Gea’s legs.United have now won just two of their past 11 games in all competitions, leaving the decision to hand Solskjaer the job on a permanent basis in March open to question.“We gave ourselves a chance to be in the Champions League,” Solskjaer said of a run of 14 wins in his first 17 games in charge before the rot of the past few months set in.“We got so many opportunities to grab third or fourth and weren’t able to. The Europa League is the right place to be for us next year.”Barring an astonishing Spurs collapse, the only issue that remains to be decided in the Premier League is the destination of the title.Share on: WhatsApplast_img read more


first_imgTwo Americans are reportedly among the dead after a terrorist attack killed 26 people and injured 56 others at a hotel in Somalia.Police say gunmen stormed the hotel after setting off a car bomb last night in the southern port city of Kismayo on Friday.It took eleven hours for security forces to regain control and end the attack.The regional state president said two Americans are among those killed.One local official called it the deadliest attack in the city in seven years.The terror group Al Shabaab claimed responsibility for the attack in a statement saying it targeted Jubaland state ministers, regional and federal lawmakers, as well as candidates in the hotel but officials have not confirmed at this time.This story is developing.last_img


first_imgA diver died after collapsing on a charter boat in Juno Beach Friday afternoon, according to the Palm Beach County Sheriff’s Office.Deputies say the charter boat captain requested assistance from the U.S. Coast Guard when 43-year-old James Ligon of Kennesaw, Georgia, collapsed on the vessel’s deck and hit his head.Ligon did not show any signs of distress when he surfaced from the water, deputies say.Officers with the Florida Fish and Wildlife Conservation Commission responded to the call and took Ligon on their boat for treatment. He was taken to St. Mary’s Medical Center, where he was later pronounced dead.Detectives from the Violent Crimes Division are now investigating the death.last_img


first_imgAuthorities in Virginia are reporting that a firefighter was killed while shielding one of her children from gunfire on Thanksgiving night.The incident was reported in Hopewell as the victim was leaving her boyfriend’s family’s home after dinner.According to the report, Richmond fire Lt. Ashley Nicole Berry was preparing to leave the home when a suspect opened fire from an adjacent residence. Berry was said to have been struck by bullets as she attempted to shield one of her children.Investigators have recovered multiple casings from the scene and are currently searching for a silver or gold SUV that was seen leaving the area at a high rate of speed.Authorities also reported that, they do not believe Berry was the intended target nor was the home that she was at.Authorities believe the gunman was targeting someone at an apartment nearby.If you have any information about this incident, you are asked to contact authorities at (888) ATF-TIPS.last_img read more


first_imgYesterday President Trump tweeted that Speaker Nancy Pelosi’s teeth were “falling out of her mouth” during a press conference days earlier in which she was discussing why bribery was not one of the articles of impeachment filed by House Democrats against the president last week. Here is the clip: Pelosi no briberyTrump tweeted “Because Nancy’s teeth were falling out of her mouth, and she didn’t have time to think!”last_img


first_imgThe top Republican in the Senate will speak this morning about President Trump’s impeachment. The House voted yesterday to impeach Trump on two articles — abuse of power and obstruction of Congress. Majority Leader Mitch McConnell said he’ll take to the Senate floor in the morning. He called the impeachment “precedent-breaking.” Meanwhile, House Speaker Nancy Pelosi is not committing to sending articles of impeachment against President Trump to the Senate right away.After the House voted to impeach Trump on two articles Wednesday, Pelosi suggested she could hold off on sending over the articles until Senate Republicans say they’ll hold a fair trial. Pelosi criticized Senate Majority Leader Mitch McConnell for saying he wouldn’t be an impartial juror in the Senate trial.last_img read more


first_imgA 44-year-old man has reportedly died from the coronavirus in the Philippines, marking the first death connected to the virus outside of China.The man was a resident of Wuhan, the center of the outbreak.Officials with the World Health Organization believe that he was infected before going to the Philippines.The victim experienced symptoms of fever, cough and sore throat before he was admitted to a hospital, where he passed away on Saturday, according to WHO:Photo courtesy: World Health Organization/FacebookHe was the second person in the Philippines who was confirmed to have contracted the virus.More than 300 people have been killed by the virus in China, and more than 14,000 have been infected worldwide. Eight cases have been confirmed in the United States, though none of them were in Florida.last_img read more