The asset manager’s fee-related earnings were US$644-million in the three months that ended Sept. 30, up 14 per cent from a year earlier.
That underscores Brookfield’s increasing expansion into new business lines such as credit and insurance that generate steady streams of fees from the growing pool of capital Brookfield manages for its partners and investors. Fox chief executive Lachlan Murdoch pointed to record political advertising across the company and strong growth at its ad-supported streaming platform, Tubi.
Revenue at Fox’s Cable Network Programming came in at US$1.60-billion, compared with analysts’ estimate of US$1.41-billion. “It is time for our members to lock in these gains and confidently declare victory,” the union district said in scheduling Monday’s vote. “We believe asking members to stay on strike longer wouldn’t be right as we have achieved so much success.”
Ziply is currently owned by a group of private equity funds led by Searchlight Capital, and to fund its purchase, Montreal-based BCE will use $4.2-billion of cash generated from the sale of its 37.5-per-cent stake in Maple Leaf Sports & Entertainment, the owner of Toronto’s professional hockey, basketball, soccer and football teams.
The decline stemmed largely from underwriting losses on older insurance policies, insurance claims related to Hurricane Helene in September, and currency losses from a strengthening U.S. dollar. Net income totaled US$26.25-billion, compared with a year-earlier US$12.77-billion loss, reflecting unrealized gains and losses in stock investments such as Apple.) on the blue-chip Dow Jones Industrial Average index after a 25-year run, underscoring the shift in the chipmaking market and marking another setback for the struggling semiconductor firm.
“Losing the status of Dow Jones inclusion would be another reputational blow for Intel, as it grapples with a painful transformation and loss of confidence,” said Susannah Streeter, head of money and markets at Hargreaves Lansdown. System-wide revenue per available room , or room revenue, an important metric in the hospitality industry, fell 7.9 per cent in Greater China in the third quarter. It was flat in the U.S. and Canada.
Adjusted profit was US$2.26 per share for the quarter ended Sept. 30, compared with analysts’ average expectation of US$2.31) lost ground after it posted fewer-than-expected digital subscribers for the third quarter as readers cut back on spending in an uncertain economy, offsetting strong growth in advertising sales.
The U.S. Energy Information Administration estimates that power consumption will reach record highs in 2024 and 2025, driven by growing demand from the use of artificial intelligence, data-center expansion, residential and commercial consumers.
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