Hilton Worldwide Q4 Profit Tops View; Provides Rosy Guidance – Quick Facts

Hilton Worldwide Holdings Inc. (HLT) reported Wednesday net income for the fourth quarter was $ 224 million or $ 0.75 per share, sharply lower than $ 729 million or $ 2.27 per share in the prior-year quarter. Adjusted for special items, earnings were $ 0.79 per share, compared to $ 0.53 per share last year.
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Teva Shares Fall As Q4 Adj. Profit Misses View, Outlook Disappoints

Israel-based generic drug maker Teva Pharmaceutical Industries Ltd. on Wednesday reported a loss for the fourth quarter that narrowed from last year as a decline in revenues was more than offset by lower costs and expenses. However, adjusted earnings per share missed analysts’ expectations, while revenues beat estimates. Teva provided its financial outlook for fiscal 2019 also below estimates.
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Novartis Stock Dips As Q4 Profit Misses View; Plans Buyback; Sees Growth In FY19

Shares of Novartis AG (NVS) were losing around 2 percent in the early morning trading in Switzerland after the drug major reported weak profit in its fourth quarter, and core earnings were below market estimates. Net sales, however, increased and topped analysts’ view. Further, the company proposed higher dividend as well as up to 10 billion Swiss francs share repurchase program.
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‘The View’ Makes Howard Schultz Squirm: Can You Really ‘Live With’ Re-Electing Trump?

The morning after former Starbucks CEO Howard Schultz was shouted down by a protester at a Barnes & Noble book event—“Don’t help elect Trump! You egotistical billionaire asshole”—he came back for more pummeling on The View.

Schultz, who is promoting both his new memoir From the Ground Up and his deeply controversial bid to run for president in 2020 as an independent, was all smiles when he sat down behind the table for his interview. But it slowly started to fade as he realized how worried the hosts were about his potential to be a presidential spoiler.

The lifelong Democrat said, “I think I would have to be disingenuous to run as a Democrat today, but I think the question that I’m asking myself and I think many of us are asking ourselves is what kind of country do we want to live in? And right now, I think it’s clear that the country we are living in needs significant change, not only change because of this president, but change because of the toxicity and the lack of compromise of both parties.”

Read more at The Daily Beast.

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Procter & Gamble Q2 Profit Up 28%; Results Beat View

Consumer goods giant Procter & Gamble Co. on Wednesday reported a 28 percent increase in profit for the second quarter from last year, when results were impacted by a charge related to the U.S. tax reform. Both revenue and core earnings per share for the quarter beat analysts’ estimates. Looking ahead, the company affirmed its outlook for fiscal 2019 earnings.
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Netflix forecast misses Wall Street view, shares dip

Netflix Inc forecast first-quarter revenue slightly below Wall Street estimates on Thursday, even after a record quarter for new customers, sending shares of the world’s largest streaming service down 4 percent in after-hours trading.


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Citigroup Turns To Profit In Q4, Beats View; But Revenues Miss

Citigroup Inc. on Monday reported a turnaround to profit in the fourth quarter as the year-ago quarter’s results included the impact of a hefty charge related to the U.S. tax reform. The latest quarter’s results also benefited from a reduction in expenses, lower cost of credit and a lower effective tax rate that helped offset a decline in revenues.
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Take the long view: Chile revisited

In three trips over 25 years, writer Sara Wheeler has discovered as much about this South American country as she has about herself

When I first went to Chile 30 years ago, I interviewed a television weatherman. Every evening after the six o’clock news, this fellow had to say : “Tomorrow it will be very hot in the north, pleasantly warm in the middle, and perishing at the bottom.”

What a shape. That was what attracted me to this long, thin country. Could a Chilean woman at the top possibly have anything in common with a man born 4,270 kilometres (2,653 miles) below her? How can a country function when it is 25 times longer than it is wide? I went to find out. This is the story of a love affair with a land where I spent six months travelling from the Peruvian border to Cape Horn; it is also a story of return; and of the ever-changing past. The working title of the book that resulted from that first journey was Keep the Mountains on the Left. If I did that, I couldn’t get lost.

Continue reading…
Travel | The Guardian

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NY Fed President John Williams says the Fed could re-evaluate view in 2019

Williams said the Fed is open to reconsidering its views on rate hikes next year.
Economy

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Social media is affecting the way we view our bodies — and not in a good way

Young women who actively engage with social media images of friends who they think are more attractive than themselves report feeling worse about their own appearance afterward, a new study shows. It’s no secret that social media can blur the lines on what’s real and what’s fantasy, but new research now shows how young women interact with images online can affect how they feel about their own bodies.
Child Development News — ScienceDaily

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Video: Kristin Chenoweth Talks WICKED And Reunites With An Inspirational Teacher on The View

Tony Award winner Kristin Chenoweth stopped by The View today to chat with the ladies. See Cheno below talking about the enduring legacy of Wicked and reuniting with an old friend back home in Oklahoma below
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Merck KGaA Stock Dips On Weak Q3 Profit; Cuts FY18 EBITDA Pre View

Merck KGaA reported Wednesday a sharp decline in its third-quarter profit, while sales increased despite negative currency impacts. Further, the German drugmaker lowered its fiscal 2018 forecast for EBITDA pre, but confirmed organic EBITDA pre view. The company also lifted its organic net sales growth forecast.
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ITG To Be Acquired By Virtu Financial; Q3 Results Beat View – Quick Facts

Investment Technology Group Inc. (ITG), an agency broker and financial technology provider, said that Virtu Financial, Inc. (VIRT) has agreed to acquire all outstanding shares of ITG’s common stock for $ 30.30 per share in cash. ITG also reported third-quarter financial results that beat analysts’ estimates.
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Influencers Help Change the World’s View of Haiti

Wanda Tima didn’t feel proud of her Haitian heritage as a child. “I grew up always hearing nothing but bad things about Haiti,” she told Black Enterprise. Born to Haitian parents in Turks and Caicos, the 35-year-old entrepreneur moved to a community in South Florida in the early 90’s where Haitians were stigmatized. “Kids were being told that Haitians eat cats and all Haitians have AIDs,” she said. In addition to the taunts and scorn, Haitian students were subjected to physical bullying and violence. “I watched Haitians get beat up on the school bus and there would be a lot of gang-related fights all the time with Haitians versus Jamaicans [and] Haitians versus everybody [else]. It was so uncool to be Haitian.”

Finding Her Roots

Wanda Tima

Wanda Tima, founder of L’union Suite (Instagram)

It took years before Tima fully embraced her lineage, which was triggered when she had an identity crisis as a young adult. At the time, she felt disconnected from her Haitian peers and detached from the culture at large. “You have a generation of kids, like myself, [who] were only Haitian by name,” she said. “My mom wasn’t speaking Creole to us at home and we weren’t listening to Haitian music. There wasn’t any Haitian culture in my house.” As a result, “I never really understood where I fit in.”

It wasn’t until she graduated from Bethune-Cookman University, an HBCU in Daytona, Florida, that she realized she couldn’t plan for her future without first connecting with her roots.

“There was a missing piece that I didn’t have any information on,” she said. “I was going through a phase of trying to learn more about Haiti and the culture.”

Her parents, however, discouraged her from exploring her ethnic background or visiting Haiti, so she started researching the country on the web, which led her down a rabbit hole of depressing news. Rather than becoming discouraged, Tima became determined to change the narrative. In 2011, she created L’union Suite, a digital platform that highlights positive news about Haiti and Haitians around the diaspora. Today, it’s one of the most popular websites for Haitian-American lifestyle, tourism, culture, and entertainment news, reaching tens of thousands of readers on a monthly basis, plus millions more on Instagram, Facebook, and Twitter.

Hait

Karen Civil and Wanda Tima circa 2017

To further empower people of Haitian descent, Tima launched a business directory called Haitian Professionals in 2015, that helps entrepreneurs gain business and exposure. In addition, she works closely with Karen Civil, a Haitian-American influencer and marketing strategist, to hosts charity events and raise money to support different projects in Haiti like a computer lab in a school in Cap-Haitian, Haiti’s second largest city.

The Beauty of Haiti

Haiti

Steph Lecor with students from the Institut Sacré-Coeur du Cap-Haïtien (Photo credit: Rosslin Mozart Louis)

In October, Tima celebrated the seven-year anniversary of L’union Suite by inviting a group of U.S.-based millennial women entrepreneurs, artists, influencers, and members of the press to Cap-Haitien. The goal was to expose the world to the beauty that lies beyond the protests, violence, and natural disasters that are frequently reported through American news outlets. Despite the negative depictions of the nation, “Haiti is no different than most other Caribbean countries,” said Tima. “Yes, there’s poverty; yes, there’s a lot of help that’s needed; yes, the government has a lot of issues; but, at the same time…there are beautiful parts of the country.”

During the trip, the influencers — which included singer Dawn Richards; BET correspondent Amanda BoozMecca Moore, the owner and publisher of THINK PYNK and PYNK Branded LLC; singer and reality TV star Azia Toussaint; recording artist Steph Lecor; actress and entrepreneur Shelah Marie RhoulhacSandy Pierre, a marketing specialist at Hearst Integrated Media; and this reporter — shared their experiences with their massive collection of Instagram followers. The four-day trip included a visit to a local school and a tour of the Sans-Souci Palace, an ancient royal ruin built in 1813, that was named after Jean-Baptiste Sans Souci, an African-born slave who helped lead the Haitian Revolution. The women also spent a day on Amiga Island, a stunning beach destination in Labadee, where local fishermen caught and grilled red snapper, crabs, and a Creole conch dish known as lambi. They also dined at popular Haitian restaurants like Lakay and Lolo and stayed at the luxurious Satama Hotel, which sits at the top of a mountain overlooking Northern Haiti.

Haiti

The Sans-Souci Palace in the town of Milot (Photo credit: Rosslin Mozart Louis courtesy of L’union Suite)

Richard, an independent recording artist formerly signed to Bad Boy Records, was in the middle of a tour with her singing group, Danity Kane, when she received Tima’s invite to travel to Haiti. Honored by the invitation, the New Orleans native immediately cleared her schedule. “I am overwhelmed and very grateful that I had the opportunity to see my roots first hand,” the Haitian American singer told BE. “Not only am I able to see Haiti through my own eyes…but I get to do it with other women who look like me.”

Likewise, Lecor, who is signed to DJ Khaled’s We The Best Music Group, was delighted to return to Haiti. “I used to come every summer up until I was 12 years old,” said the first-generation Haitian-American singer. “Those were the best summers of my life.” She continued, “When Wanda called me two days before the trip, I jumped on the opportunity to be here,” she said, adding, “as soon as I got here…it felt like home.”

While appreciative of Haiti’s allure, Lecor is not remiss of what many people think of Haiti, like President Donald Trump who notoriously described it as an “s–thole” country. “The perception is that Haiti is unsafe, dirty, and dangerous,” she said, admitting that it’s hard to drive through the impoverished neighborhoods. As a result, the landscape, culture, and people are overlooked.

Haiti

Amiga Island in Labadee, Haiti (Photo credit: Rosslin Mozart Louis courtesy of L’union Suite)

Toussaint, a star on BET’s “Hustle in Brooklyn,” had dreamed of visiting Haiti, the country where her father was born, as a little girl. However, she said seeing the poverty and devastation juxtaposed to the scenic landscape was “bittersweet.” “Even [though] the places have gone through so much destruction and hardship, it’s [still] a beautiful place,” she said. She added that Haitians have not lost the grit needed to survive. “I saw a bunch of people who still had pride, still had hope, and the strength, courage, and the willingness to move forward.”

influencers

Mecca Moore, Sandy Pierre, Amanda Booz, Selena Hill, Shelah Rhoulhac, Wanda Tima, Steph Lecor, Azia Toussaint, and Dawn Richards at the Sans-Souci Palace (Photo credit: Rosslin Mozart Louis courtesy of L’union Suite)

After returning to her home in Sunrise, Florida, Tima said the trip was “beyond successful.” In addition to a great experience, the women networked and connected with each other as well as with locals all while shining a positive light on Haiti through social platforms. L’union Suite’s “social media impressions during the trip were record-breaking,” said Tima, “and now more and more people know about the work we are doing in Haiti and want to not only vacation [here] but [also] assist in giving back at the school.”

Furthermore, the trip reaffirmed Tima’s commitment to uplift Haiti and spotlight its beauty and strength. “I come from a lineage of people who are leaders and unapologetically strong. I am the daughter of the first Black republic. We are such truly a group of resilient people,” she said. “The more I learn about my history and our contributions to the world, the more I fall in love with who I am.”

 


Editor’s Note: This story was updated on Nov. 6, 2018.

 

 

 

The post Influencers Help Change the World’s View of Haiti appeared first on Black Enterprise.

Lifestyle | Black Enterprise

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Apple Profit, Revenues Top Wall Street View, Outlook Disappoints; Shares Down 4%

Apple Inc. (AAPL) Thursday reported an earnings and revenues for the fourth quarter that trumped Wall Street estimates, helped by strong demand for its pricier iPhone X and XS. However, shares slipped over 4 percent in extended session after the iPhone maker issued a weak revenue outlook for the holiday season quarter.
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GM Stock Surges As Q3 Results Beat View

Automaker General Motors Co. on Wednesday reported a turnaround to profit in the third quarter on higher revenues. Both revenue and adjusted earnings per share for the quarter beat analysts’ estimates. The company’s shares are rising almost 9 percent in pre-market activity. In North America, GM reported adjusted EBIT of $ 2.83 billion.
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Volkswagen 9M Profit Climbs On Strong Deliveries; Backs FY18 View; Stock Up

Shares of Volkswagen Group were gaining around 4 percent in the early morning trading in Germany after the automaker reported Tuesday higher profit in the first nine months of fiscal 2018 with increased deliveries. Further, the company confirmed its fiscal year targets, despite continuously challenging market conditions.
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Old Dominion Freight Line Q3 Profit Surges; Beats View – Quick Facts

Old Dominion Freight Line Inc. (ODFL) on Thursday reported a 69.5 percent surge in profit for the third quarter from last year on double-digit growth in revenues. Earnings per share for the quarter beat analysts’ estimates, while revenues matched expectations.
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Google Parent Alphabet Q3 Profit Rises, But Sales Miss View; Stock Down

Alphabet Inc. (GOOG, GOOGL), the parent company of Google, Thursday reported a surge in profit for the third quarter, driven largely revenue growth in search and advertising. Earnings for the quarter trumped Wall Street estimates easily, however, revenues fell short of expectations, sending the search giant’s stock down by about 5 percent in extended session.
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Citigroup Q3 Profit Up 12%, Beats View; But Revenues Miss

Citigroup Inc. on Friday reported a 12 percent increase in profit for the third quarter from last year, as slightly lower revenues were more than offset by a lower tax rate as well as decline in cost of credit and expenses. Earnings per share beat analysts’ expectations, while revenues missed estimates. Citigroup’s effective tax rate was 24 percent in the quarter.
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Conagra Brands Q1 Results Miss View; Stock Down

Conagra Brands Inc. (CAG) reported profit for the first quarter of fiscal year 2019 that increased 16.8 percent from last year. Quarterly net sales grew 1.7%, and organic net sales, excluding the sale of the Trenton, Missouri production facility Trenton grew 1.2%, with growth in all four operating segments. Both adjusted earnings per share and revenue for the quarter missed analysts’ expectations.
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