Gimenez Wins House Race in Florida; Republican Pickup

Mitch McConnell Wins 7th Term as Republicans Battle to Keep Senate Control

The top Senate Republican, a prime target of national Democrats, prevailed over Amy McGrath, a well-financed military veteran, as he fought to keep his perch as majority leader.

By Carl Hulse

Larimer County election results 2020

Polls close at 7 p.m. on Tuesday, Nov. 3, 2020. Refresh this page for updated Larimer County election results as the ballot counts are reported. Mobile users, can’t see the results? Tap here.

Hickenlooper Ousts Gardner in Colorado, Handing Democrats Crucial Senate Seat

Senator Cory Gardner, a first-term Republican, had trailed throughout the race as his state increasingly tilted toward Democrats.

By Carl Hulse

Early Results Show A Tight U.S. Presidential Race

A number of states have already been called in Tuesday’s U.S. presidential election, but so far there have been no major surprises – meaning it will likely come down to the swing states.

President Donald Trump has been projected to win North and South Dakota, Oklahoma, Arkansas Mississippi, Tennessee, Kentucky, South Carolina, Indiana and West Virginia – all states he was expected to win.

Democratic challenger Joe Biden is the winner in Colorado, Vermont, New York, Massachusetts, New Jersey, Maryland, Connecticut and Washington D.C.

Among the key swing states yet to be determined are Florida, Georgia, Texas and Pennsylvania.

Ocasio-Cortez Wins 2nd Term in Costly Loss for Republicans

Her challenger had collected $10 million, but Ms. Ocasio-Cortez still coasted to an easy win, creating speculation about her future political ambitions.

By Jeffery C. Mays

KAR Auction Services Q3 Profit Tops View, But Revenues Miss

KAR Auction Services Inc. (KAR) reported that its third-quarter net income was $47.1 million or $0.23 per share, compared to $35.3 million or $0.27 per share in the third quarter of 2019.

Operating adjusted net income from continuing operations per share increased 29% to $0.45 from $0.35 last year. Analysts polled by Thomson Reuters expected the company to report earnings of $0.28 per share. Analysts’ estimates typically exclude special items.

Quarterly revenue was $593.6 million, a decrease of 15% from $701.9 million in the prior year. Analysts expected revenue of $646.43 million for the quarter.

Philippines posts first monthly growth in exports in 7 months

MANILA, Nov 4 (Reuters) – Philippine exports grew 2.2% in September from a year earlier, the first monthly rise since February, as the government gradually reopened the pandemic-hit economy, government data showed on Wednesday.

Imports shrank 16.5%, the weakest pace since February.

The Southeast Asia country recorded total exports worth $6.2 billion for September, against imports of $7.9 billion, yielding a trade deficit of $1.7 billion, the narrowest in three months, the Philippine Statistics Authority said.

Alibaba shares plunge 9.6% in Hong Kong after mega Ant listing frozen

HONG KONG (AFP) – Shares of Chinese e-commerce giant Alibaba tumbled in Hong Kong on Wednesday (Nov 4) following a shock decision by Chinese regulators to scrap the public listing of its spin-off financial tech company Ant Group.

As trading opened in Hong Kong, Alibaba’s stock price fell 9.61 per cent to HK$271.00, following an eight per cent tumble in the company’s share price overnight in New York.

Krones Slips To Loss In Q3; Sees Q4 Revenue To Be Sequentially Higher

Beverage filling and packaging company Krones AG (KRNTY.PK,KRNNF.PK) reported that its third-quarter net loss was 4.1 million euros, compared to net income of 7.0 million euros in the prior year.

Quarterly earnings before interest, taxes, depreciation and amortisation or EBITDA declined to 28.8 million euros from last year’s 47.4 million euros, due to the sharp drop in revenue. Lower material and labour costs prevented an even larger drop in earnings.

Earnings before taxes or EBT was negative 5.1 million euros, compared to positive 13.5 million euros in the prior year.

Revenue for the third quarter of 2020 fell 25.0% year-on-year to 750.4 million euros.

The company anticipates that revenue will be higher in the fourth quarter than in the third quarter.

For full year 2020, the company expects revenue of about 3.3 billion euros, representing a decrease of about 17% from last year.

If further countries and regions impose lockdowns, partial lockdowns or travel restrictions, this could negatively impact the completion of orders and order intake and consequently have a negative influence on the company’s financial performance, Krones said.

Gimenez Wins House Race in Florida; Republican Pickup

Republican Carlos Gimenez defeated first-term Democratic Representative Debbie Mucarsel-Powell in Florida’s 26th Congressional District, according to the Associated Press, flipping a seat that Republicans lost two years ago.

Gimenez, the mayor of Miami-Dade County, sought to tie Mucarsel-Powell to Washington liberals and label her a socialist in a district with a large number of Cuban Americans.