AutoNation, Sonic likely to be hardest hit on Q2 earnings by CDK cyberattack
Both the second- and sixth-largest dealership groups in the U.S. use CDK's dealer management system at all stores......»»
Apple schedules Q2 2024 earnings release for May 2 ahead of WWDC
Apple has just announced that it will release its earnings report for the second quarter of fiscal 2024 on Thursday, May 2. As usual, the company will release its Q2 2024 earnings report and then hold a conference call with investors and analysts to.....»»
What to expect from Apple"s Q2 2024 earnings on May 2
Apple will be revealing its second fiscal quarterly results on May 2. This is what to expect from the financial results and the ensuing analyst conference call.Apple ParkApple confirmed on Thursday that it will be holding its second-quarter earnings.....»»
Omni Hotels suffer prolonged IT outage due to cyberattack
Texas-based Omni Hotels & Resorts has been responding to a cyberattack that started last Friday, which resulted in the unavailability of many of its IT systems. According to people staying at some of the 50 properties the company operates across Nort.....»»
Gulf States Toyota names longtime exec Williamson as president
Gulf States Toyota, which distributes vehicles to 150-plus Toyota dealerships in five states, has named Eric Williamson as its new president. He succeeds Jeff Parent, who left last year to become COO of AutoNation......»»
AutoNation reportedly looking at Inchcape"s UK retail auto operations
AutoNation is reportedly exploring a bid to buy the U.K. operations of Inchcape, an automotive retail, distribution and services company with a presence in more than 40 markets globally......»»
Advancing towards sustainability: Turning carbon dioxide and water into acetylene
Reaching sustainability is one of humanity's most pressing challenges today—and also one of the hardest. To minimize our impact on the environment and start reverting the damage humanity has already caused, striving to achieve carbon neutrality in.....»»
Insurance Rates Are Soaring for US Homeowners in Climate Danger Zones
Research shows the soaring costs hint at widespread, unpriced risk as the global climate warms, with states like California, Florida and Louisiana hit hardest......»»
Apple will surrender less than a day of earnings to satisfy class action suit
The class action lawsuit accusing Tim Cook of misleading investors over falling sales in China has been settled for half a billion dollars.Tim Cook's comment cost Apple $61 million per wordIt's now almost six years since Tim Cook confirmed in a late.....»»
Wordle is 1,000 — these are the 50 hardest games so far
Counting down the most difficult Wordles in the game's first 1,000 days......»»
Vroom reports Q4 net loss of $141 million amid used e-commerce wind down
In addition to reporting earnings, Vroom said it expects the wind down of its used-car e-commerce operations to be mostly completed by the end of March......»»
Energy price hikes hit older people hardest, study finds
Adults ages 60 and up in developed nations are spending more money on energy than younger counterparts—and are also more likely to struggle to reduce those higher costs, according to research led in part by University of Maryland geographers......»»
AutoNation to slow used-car outlet expansion, analyst says
The dealership giant is slowing the rate of expansion for its standalone AutoNation USA stores as it deals with used-car supply challenges, according to JPMorgan......»»
Analyst: AutoNation seeks to expand store network
"I will tell you that we have a number of opportunities at this point in time," CEO Mike Manley said during the company's fourth-quarter earnings call......»»
78% of MSPs identify cybersecurity as prime IT challenge
Cybersecurity remained a top priority and an area of growth for MSPs, with 73% saying it’s a top revenue driver for their business, according to Kaseya. Ongoing cyberattack threats impact MSPs The threat of cyberattacks continues to weigh on MS.....»»
F&I gross profit per vehicle down for 4 of 6 publics in Q4
Same-store finance and insurance gross profit per car sold fell at four of the top six franchised auto dealership groups in the fourth quarter compared with a year earlier. AutoNation was the only major new-vehicle public retailer to grow F&I profit.....»»
In 3-year lease world, why micro leases have yet to take off
Breakthrough success with short-term vehicle leases has yet to materialize. Can AutoNation and Polestar find a way to make it work?.....»»
EU fine and shift to AI applying opposing forces to Apple"s value, holding it steady
An analyst note suggests regulation from the EU and the $2 billion fine may put pressure on Apple's earnings per share, but its shift to AI will help keep the earnings multiple even at about 25x.Apple is dealing with regulatory pressures and other un.....»»
AutoNation, Lithia making progress with captive finance companies
AutoNation and Lithia Motors, the two public franchise auto retailers with the ability to approve car loans for their own customers, said on fourth-quarter 2023 earnings calls they are making progress building those fledgling captive finance companie.....»»
Suppliers, competing with UAW raises, expect higher labor costs in 2024
During quarterly earnings calls with analysts and investors in February, suppliers frequently highlighted one area in which cost increases are expected to persist this year: labor......»»
ALPHV/BlackCat threatens to leak data stolen in Change Healthcare cyberattack
The ALPHV/BlackCat ransomware group has claimed responsibility for the cyberattack that targeted Optum, a subsidiary of UnitedHealth Group (UHG), causing disruption to the Change Healthcare platform and affecting pharmacy transactions across the US......»»