Atlas Air Worldwide Holdings Inc. Q4 adjusted earnings Beat Estimates

Below are the earnings highlights for Atlas Air Worldwide Holdings Inc. (AAWW):

-Earnings: -$410.25 million in Q4 vs. $210.97 million in the same period last year.
-EPS: -$15.86 in Q4 vs. $2.73 in the same period last year.
-Excluding items, Atlas Air Worldwide Holdings Inc. reported adjusted earnings of $98.19 million or $3.80 per share for the period.
-Analysts projected $2.99 per share
-Revenue: $747.05 million in Q4 vs. $764.96 million in the same period last year.

CNN’s Chris Cuomo, Don Lemon Issue Scathing Assessments Of Donald Trump’s GOP

CNN’s Chris Cuomo and Don Lemon on Wednesday criticized what the GOP has become under President Donald Trump.

Cuomo accused Republican lawmakers who savaged Trump ahead of the 2016 election but now wholeheartedly endorse him of “feeding off the teat of fealty.”

“I argue that the GOP is no longer grand, the mighty pachyderm is packing it in,” Cuomo said. “In fact, Trump is not a member of the GOP.”

“You are all now part of the Trump Organization,” the “Cuomo Prime Time” host added. “You sound more like representatives of his failed casinos than people elected to check his power.”

He then handed it over to “CNN Tonight” host Lemon, who lamented how the GOP is now “a party of hypocrites” who are either afraid of Trump or just want power.

Check out the full clip here:

Hormel Foods Reaffirms FY20 Outlook; To Buy Sadler’s Smokehouse – Quick Facts

While reporting financial results for the first quarter of fiscal 2020 on Thursday, branded food company Hormel Foods Corp. (HRL) reaffirmed its earnings and net sales guidance for the full-year 2020.

For fiscal 2020, the company continues to project earnings in a range of $1.69 to $1.83 per share on net sales between $9.50 billion and $10.30 billion.

On average, analysts polled by Thomson Reuters expect the company to report earnings of $1.86 per share on net sales of $10.03 billion for the year. Analysts’ estimates typically exclude special items.

The company said its international team continues to manage through African swine fever, tariffs and the uncertainty caused by the recent outbreak of coronavirus in China. The company has started to see a negative impact on its business in China from the coronavirus outbreak, but is not yet able to forecast the impact for the remainder of the year.

Separately, the company advanced on its 2020 Path Forward with the acquisition of Sadler’s Smokehouse, strengthening its presence in the foodservice channel. Sadler’s Smokehouse is an authentic pit-smoked meats company based in Henderson, Texas.

The acquisition is expected to close in March 2020, subject to customary closing conditions. The acquisition is expected to be neutral to slightly negative to fiscal 2020 earnings, as the company plans to make immediate investments into the business and production facility.

Via Rail terror case: Supreme Court to decide whether to review new trial decision

The fate of two men accused of plotting to derail a Via train in a terrorist attack should become a little clearer today.

The Supreme Court of Canada is set to decide whether it will review a lower-court decision to grant Raed Jaser and Chiheb Esseghaier a new trial.

Jaser and Esseghaier were found guilty in 2015 of terror-related charges arising mainly from an alleged al-Qaida-inspired plot to derail a passenger train travelling between the United States and Canada.

Brazil federal tax revenue hits Jan record of 175 bln reais -tax agency

BRASILIA, Feb 20 (Reuters) – Brazil’s federal tax revenue rose to 175 billion reais ($40 billion) in January, the federal tax service said on Thursday, the biggest tax take on record for that month.

The figure was more than the 167.1 billion reais expected in a Reuters poll of economists, and was up 4.7% in real terms from the same month of 2019, the revenue service said.

Fed's Clarida: Fundamentals of U.S. economy are strong

WASHINGTON, Feb 20 (Reuters) – The U.S. economy is showing no signs of losing steam, U.S Federal Reserve Vice Chair Richard Clarida said on Wednesday, in an upbeat assessment of the outlook.

“The fundamentals in the U.S. are strong: sustained growth, strongest labor market in 50 years, price stability with inflation close to our goal,” Clarida said in an interview with CNBC. “It’s a good picture.” (Reporting by Lindsay Dunsmuir; Editing by Edmund Blair)

Melania Trump Hails ‘Healthy Online Behavior’ And People Can’t Handle The Hypocrisy

Melania Trump faced a backlash on Twitter after she advocated teaching “healthy online behavior” ― something strikingly at odds with President Donald Trump’s social media practices.

The first lady, while accepting the “2020 Woman of Distinction Award” from Palm Beach Atlantic University on Wednesday, said she was “convinced now more than ever that teaching healthy online behavior is crucial to securing a safer future for our children.”

Critics pounced on the comments to remind Trump ― whose “Be Best” initiative bids to improve children’s lives ― of the vitriol-laden online attacks that her husband launches almost daily:

Many victims of shooting in Germany had immigrant background: report

BERLIN (Reuters) – Many of the victims of the shooting in the German town of Hanau had an immigrant background, German magazine Focus said based on a report from news agency dpa that cited security sources.

A suspected right-wing extremist shot nine people dead in two shisha bars in an overnight rampage through a German city before, police believe, returning home and killing himself.