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MoneyGram Turns To Profit In Q3

Reporter Covering Donald Trump Rally Tests Positive For COVID-19

A local news reporter in Charlotte said that he is one of two people who tested positive for COVID-19 after attending a rally for President Donald Trump last week.

Brandon Goldner of WCNC-TV wrote on Twitter that he was one of two people identified by county health officials as testing positive for the virus.

“Thankfully, I feel okay though I’m quarantining per county guidelines. @wcnc and I contacted everyone who I’ve interviewed or interacted with before my test result. I was wearing a mask during the entire rally, but due to Secret Service protocols, there were several times when social distancing wasn’t possible. Thank you everyone who’s already reached out to offer their love and support!”

The rally was held last week at an airport in Gaston County. “These cases are not thought to be an indication of spread from the rally at this time, but rather two independent cases among individuals who were in attendance,” according to an advisory from the country. They are asking that anyone who was in attendance to “monitor their symptoms and seek testing if needed.” They said that contact tracing is underway, but because of the large number of people involved, they were making a public announcement.

Trump has continued to hold large public rallies with little social distancing and a large number of attendees not wearing masks.

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United States Steel Q3 Results Top Estimates

United States Steel Corp. (X) reported that its third quarter 2020 net loss widened to $234 million or $1.06 per share from $84 million or $0.49 per share in the prior year.

Adjusted net loss was $268 million or $1.21 per share, compared to adjusted net loss was $35 million or $0.21 per share in the previous year. Analysts polled by Thomson Reuters expected the company to report a loss of $1.45 per share for the quarter. Analysts’ estimates typically exclude special items.

Net sales for the quarter dropped to $2.34 billion from $3.07 billion last year. Analysts expected revenue of $2.22 billion for the quarter.

The company expects to generate positive adjusted EBITDA in the fourth quarter with excitement about ‘Best of Both’ future.

United States Steel declared a dividend of $0.01 per share. The dividend is payable December 10, 2020 to stockholders of record at the close of business November 9, 2020.

Glenn Greenwald Resigns From The Intercept, Cites Censorship

Glenn Greenwald, one of the original founders of the The Intercept, said Thursday that he had resigned from the publication.

“The final, precipitating cause is that The Intercept’s editors, in violation of my contractual right of editorial freedom, censored an article I wrote this week, refusing to publish it unless I remove all sections critical of Democratic presidential candidate Joe Biden,” Greenwald, best known for his reporting on American and British global surveillance programs that were based upon documents provided by Edward Snowden, said in apost published on Substack.

The Intercept said in astatement that Greenwald’s decision resulted from “a fundamental disagreement over the role of editors in the production of journalism and the nature of censorship.”

“A brief glance at thestories The Intercept has published on Biden will suffice to refute those claims,” the publication said.

Motorola Solutions Q3 Results Top Estimates; Lifts FY Outlook

Motorola Solutions Inc. (MSI) reported that its third-quarter net earnings attributable to the company decreased to $205 million or $1.18 per share from $267 million or $$1.51 per share in the prior year.

Non-GAAP earnings per share were $1.95 compared to $2.04 last year. Analysts polled by Thomson Reuters expected the company to report earnings of $1.78 per share for the quarter. Analysts’ estimates typically exclude special items.

Sales were $1.9 billion, down 6% from the year-ago quarter driven by declines in North America and International. Analysts expected revenue of $1.83 billion for the quarter.

Revenue from acquisitions was $55 million. The Products and Systems Integration segment declined 14% primarily due to lower sales of public safety LMR products and professional and commercial radio (PCR), partially offset by growth in video security. The Software and Services segment grew 9%, driven by growth in both services and software.

For the fourth-quarter 2020, Motorola Solutions expects revenue decline of 5.5% – 6% compared with the fourth quarter of 2019. The company expects non-GAAP earnings per share in the range of $2.71 to $2.76. Analysts project fourth-quarter earnings of $2.83 per share for the fourth-quarter.

Looking ahead for full-year 2020, Motorola Solutions now expects revenue decline of about 6.5%, up from the prior guidance of a decline of about 7% and non-GAAP earnings per share in the range of $7.52 to $7.58, up from the prior guidance of $7.40 to $7.52.Analysts expect annual earnings of $7.50 per share.

Colorado high school football scoreboard: Week 4 – The Denver Post

Thursday night scores

Complete U.S.-China decoupling unrealistic: senior China Communist Party official

BEIJING (Reuters) – Complete decoupling between China and the United States is unrealistic, said Han Wenxiu, a senior official in China’s Communist Party, at a news briefing in Beijing on Friday.

China will promote high-level opening to provide more opportunities for the rest of the world, said Han.

MoneyGram Turns To Profit In Q3

MoneyGram International Inc. (MGI) reported third-quarter net income of $10.9 million or $0.12 per share, compared to a loss of $7.7 million or $0.10 per share in the prior year.

Adjusted earnings per share was $0.16, compared to a loss of $0.03 in the previous year. Analysts polled by Thomson Reuters expected the company to report earnings of $0.07 per share. Analysts’ estimates typically exclude special items.

Total revenue was $323.2 million, represents a slight increase from $322.2 million last year on a reported basis or down 1% on a constant currency basis. Analysts expected revenue of $307.74 million for the quarter.

Money transfer revenue was $297.6 million, up 5%, or 4% on a constant currency basis, driven by the strength of digital business.

For the fourth quarter, the company anticipates reporting total revenue growth of approximately one percent on the continued strength of the money transfer business, offset by lower investment income. It expects reporting Adjusted EBITDA growth of approximately 10 percent.