Sunday, 6 Oct 2024

Burglar breaks into man’s house to cook himself breakfast, officials say

Carry On bosses plan to rip into Vladimir Putin in comeback movie

  • Carry On bosses plot comeback of iconic movie stars with THREE new blockbusters

Soldier accuses Army of waste and asks for unused food to be donated to homeless

  • WW2 veteran who flicked V-sign at Germans after being taken prisoner dead at 97

Mexican miner Penoles places $1.1 bln dollar-denominated bond

MEXICO CITY, Sept 5 (Reuters) – Mexican mining company Penoles on Thursday announced a $1.1 billion in dollar-denominated bond placement, which it will use to prepay debt, the company said in a stock exchange filing. (Reporting by Anthony Esposito; editing by Julia Love)

DocuSign Shares Surge 20% On Strong Outlook

Shares of DocuSign Inc. (DOCU) surged over 20% on extended trading session Thursday after the company detailed a strong outlook for the third quarter.

DocuSign’s second-quarter net loss widened to $68.6 million or $0.39 per share from $36.7 million or $0.22 per share last year.

Adjusted earnings for the quarter were $0.01 per share, down from $0.03 per share last year. Analysts polled by Thomson Reuters estimated earnings of $0.04 per share for the quarter.

Second-quarter revenues rose 41% to $235.6 million from $167.0 million last year. Analysts had a consensus revenue estimate of $220.93 million for the quarter.

Subscription revenues increased 39% to $220.8 million, while Professional services and other revenue rose 72% to $14.8 million.

“With revenue growth exceeding 40% and billings growth at 47%, our second quarter performance reflects our clear leadership position in e-signature and increasing adoption of our broader Agreement Cloud offering,” said Dan Springer, CEO of DocuSign.

Looking forward to the third quarter, the company expects revenues of $237 million to $241 million. Analysts currently estimate revenues of $232.05 million for the quarter.

For the full year, the company expects revenues of $947 million to $951 million. Analysts currently estimate revenues of $920.43 million.

DOCU closed Thursday’s trading at $46.25, down $0.60 or 1.28%, on the Nasdaq. The stock, however, rose $10.09 or 21.82% in the after-hours trade.

Bank Of Korea Retains Key Rate As Expected

South Korea’s central bank maintained its key interest rate, as widely expected, after lowering it by a quarter-point last month to revive economy.

The Monetary Policy Board of the Bank of Korea, on Friday, decided to leave the base rate unchanged at 1.50 percent. The decision came in line with expectations.

The bank had reduced its rate by 25 basis points in July, which was the first reduction since 2016.

At the meeting, policymakers observed that uncertainties concerning the growth path forecast have further increased mainly due to the escalation of the US-China trade dispute and the heightened geopolitical risks.

Consumption growth has weakened and the sluggishness in exports and facilities investment continued, the bank noted. Domestic economic growth is forecast to moderate.

Nonetheless, the bank said among the upside risks to the growth outlook is an improvement in domestic demand thanks to a strengthening of government policies to shore up the economy.

As the Bank of Korea sounded more bearish on the outlook for the economy, Alex Holmes, an economist at Capital Economics, said he continues to expect more easing this year, with another 25 basis point cut in October.

The central bank forecast consumer price inflation to fluctuate for some time at the lower-zero percent level as downside risks to the path projected in July have increased, and then run at the low- to mid-1 percent level from next year.

DocuSign shares catapult 23% on strong revenue guidance

DocuSign Inc. DOCU, -1.28% shares catapulted 21% in the extended session Thursday after the e-signature company reported second-quarter results that included strong third-quarter revenue guidance. DocuSign reported non-GAAP earnings of 1 cent a share. Revenue improved 41% to $235.6 million. Subscription revenue led the way at $220.8 million, up 39% year over year. For the current quarter, DocuSign said it expects revenue of $237 million to $241 million, easily topping estimates of $231.9 million. Analysts surveyed by FactSet had expected earnings of 4 cents a share on revenue of $220.8 million. DocuSign shares are up 15% this year. The S&P 500 index SPX, +1.30% has gained 19% this year.

In Pictures: Aerial photographs show Hurricane Dorian devastation

ST Now, News As It Happens – Sept 6, 2019

Welcome to ST Now, News As It Happens. Recap of what happened earlier. Reach us at [email protected] or on Facebook and Twitter @STcom.

Burglar breaks into man’s house to cook himself breakfast, officials say

A Florida man was arrested this week after breaking into another man’s home to cook himself breakfast, authorities say.

The man allegedly broke into the victim’s house in Safety Harbor, Florida, about a half-hour from Tampa, early Tuesday morning through an unlocked back door while the victim was asleep in the home. The suspect then proceeded to cook – and eat – his food, WTVT-TV in Safety Harbor and WFLA-TV in Tampa reported.

When confronted by the resident, the suspect told the victim to “go back to sleep.” He fled the house after the victim threatened to call 911.

Deputies from the Pinellas County Sheriff’s Office eventually found the man in a wooded and swampy area behind the house, where he was arrested.

According to the Sheriff’s Office, the suspect was identified as Gavin Crim, 19, a Marine. He was charged with burglary of an occupied dwelling, and has since been released on $1,000 bond,

Officials with the sheriff’s office said that Crim confessed to breaking into the home, WTVT-TV reported, but it is unclear what his motivation was. He may have been under the influence of alcohol, according to the police report.

Contributing: The Associated Press.

Follow Joshua Bote on Twitter: @joshua_bote

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