PITTSBURGH, Oct. 14, 2020 /PRNewswire/ — The PNC Financial Services Group, Inc. (NYSE: PNC) today reported:

For the quarter

In millions, except per share data

3Q20

2Q20



3Q19

Net income (loss) from continuing operations

$1,532

($744)

$1,181



Net income from discontinued operations

$4,399

$211

Net income



$1,532

$3,655

$1,392

Diluted earnings (loss) per common share from continuing operations

$3.39



($1.90)

$2.47

Diluted earnings per common share from discontinued operations

$10.28



$.47

Diluted earnings per common share

$3.39

$8.40

$2.94



 

     “PNC delivered solid third quarter results against the backdrop of a continuing uncertain economy. Noninterest income increased, expenses were well managed and we continued to generate positive operating leverage. Deposits grew while loans declined as a result of lower commercial loan utilization rates, despite

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Oct. 13 (UPI) — Delta Air Lines announced Tuesday a net loss of $5.38 billion in the third quarter, or a $6.9 billion pre-tax loss, and said improvements in customer traffic could signal a slow turnaround for the carrier.

The company’s loss compared with a $1.5 billion profit during the same period a year ago. Revenue for the quarter was $3.06 billion, down 75.6% from the same period a year ago, the company reported.

Delta reported that $4 billion of its losses were directly due to COVID-19 and the company’s response, including fleet-related restructuring charges and charges for voluntary separation and early retirement programs for Delta employees.

“While our September quarter results demonstrate the magnitude of the pandemic on our business, we have been encouraged as more customers travel and we are seeing a path of progressive improvement in our revenues, financial results and daily cash burn,” Delta Chief Executive

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M.D.C. Holdings (MDC) is a buy for the total return and dividend income investor. M.D.C. Holdings is among the largest homebuilders in the United States and has an increasing owned backlog of over 17,000 lots to develop and options on another 7,000.

The company has steady growth and has the cash it uses to develop new properties and homes for the average home buyer. The lower interest rates give a tailwind to the company business. The Fed has indicated that they intend to keep interest rates low for at least a year or maybe two.

As I have said before in previous articles.

I use a set of guidelines that I codified over the last few years to review the companies in The Good Business Portfolio (my portfolio) and other companies that I am reviewing. For a complete set of guidelines, please see my article “The Good Business Portfolio: Update

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Press release content from Globe Newswire. The AP news staff was not involved in its creation.

BOCA RATON, Fla., Oct. 12, 2020 (GLOBE NEWSWIRE) — Newtek Business Services Corp., (Nasdaq: NEWT), an internally managed business development company (“BDC”), today announced that it will report its third quarter 2020 financial results after the market closes on Wednesday, November 4, 2020. A conference call to discuss these results will be hosted by Barry Sloane, Chief Executive Officer, and Christopher Towers, Chief Accounting Officer, the following day, Thursday, November 5, 2020 at 8:30 am ET. The live conference call can be accessed by dialing (877) 303-6993 or (760) 666-3611.

A live webcast of the call and the corresponding presentation will be available in the ‘Events & Presentations’ section of the Investor Relations portion of Newtek’s website at http://investor.newtekbusinessservices.com/events-and-presentations. A replay of the webcast with the corresponding presentation

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NEW YORK — The final three months of the year, usually a boom time for many small businesses thanks to holiday shopping and celebrations, looks precarious as the coronavirus maintains its grip on the economy.

Owners contending with government restrictions or crumbling demand are trying to hold on, with some creating new products and services or desperately searching for new customers. Others, however, have found they’re already well equipped to meet the lifestyle changes brought about by the pandemic.

The big corporate and non-profit parties and events that Sophia D’Angelo ran before the virus outbreak have just about vanished. Large in-person gatherings that companies typically use to launch or promote their brands aren’t possible because of social distancing requirements.

“The fourth quarter was always the bulk of my business,” says D’Angelo, who owns Boston Experiential Group, based

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NEW YORK (Reuters) – While good business news has been in short supply, investors may take slight comfort in coming weeks from U.S. corporate earnings that are likely to be bad, but not as bad as they have been.

Analysts expect third-quarter S&P 500 earnings to have fallen 21% compared with the year-ago quarter, a big improvement from second-quarter’s 30.6% drop that was most likely the low point for earnings this year because of coronavirus-fueled lockdowns, according to IBES data from Refinitiv.

Earnings reporting will get rolling next week with results from some of the big U.S. banks, likely impacted by near record low interest rates and the pandemic-induced recession. JPMorgan & Co.

and Citigroup

both release results on Tuesday.

(Graphic: S&P 500 Q3 earnings look bad, but not as bad as Q2 – https://graphics.reuters.com/USA-STOCKS/azgvoaoyzvd/chart.png)

Overall, S&P 500 quarterly results tend to beat analysts’ cautious expectations, and they could do

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  • The FTSE 100 was one of the worst-performing major indexes in Europe in September. However, UK investment bank, Barclays, in a research note, said stocks in the UK region were cheap and under owned. 
  • The UK market is “foreign exchange sensitive” and with the GBP likely to be choppier due to Brexit uncertainty, Barclays predicts the FTSE 100 will improve, which could create opportunities for investors.
  • Barclays outlines seven UK stock picks with catalysts in the fourth quarter and two stocks to sell.
  • “Our seven OW-rated stocks have an average upside to our PT of 26%; whilst our two UW-rated stocks have an average downside to our PT of -27%,” said Barclays’ equity analyst, Richard Taylor, in the note.
  • Click here to sign up for our weekly newsletter Investing Insider
  • Visit Business Insider’s homepage for more stories.

The FTSE 100, the UK stock index that tracks the biggest 100 companies

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DALLAS, Oct. 08, 2020 (GLOBE NEWSWIRE) — Builders FirstSource, Inc. (Nasdaq: BLDR) will hold a conference call and webcast on Friday, October 30th, to discuss the company’s financial results and other business matters. The teleconference will begin at 9:00 a.m. Central Time and will be hosted by Chad Crow, Chief Executive Officer, and Peter Jackson, Chief Financial Officer. A copy of the company’s press release announcing its financial results will be made available after the market closes on Thursday, October 29th, in the Investors section of the Builders FirstSource, Inc. website, at www.bldr.com.

To participate in the teleconference, please dial-in to the call a few minutes before the start time: 800-353-6461 (U.S. and Canada) and 334-323-0501 (international), Conference ID: 9608576. A replay of the call will be available at 1:00 p.m. Central Time through November 14th. To access the replay, please dial 888-203-1112 (U.S. and Canada) and 719-457-0820 (international)

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JERUSALEM — On a blistering afternoon in the hills west of Jerusalem, Israelis from all walks of life swam in spring-fed pools and picnicked in the shade of fig trees in a bucolic refuge known as Ein Lavan, as they have done for years.

But they may not have much longer to enjoy it.

Developers want to build a neighborhood of 5,000 homes, a hotel and a business district atop Lavan Ridge, a stone’s throw away.

This is no ordinary land-use battle between builders and conservationists. Supporters of the project insist they are motivated not by profit but by the desire to finance sorely needed urban renewal in Kiryat Menachem, an overcrowded, low-income neighborhood nearby.

And the battle could set a precedent for similar fights. Israel, a country with the developed world’s highest fertility rate, crams 200,000 more people each year into a nation the size of New Jersey, half

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BelfastImage copyright
Maciej Grabowicz

Northern Ireland’s economic output fell by 14% in the second quarter of this year to “an all time low” because of the impact of the coronavirus lockdown.

The Northern Ireland Statistics and Research Agency (Nisra) said the fall is the biggest in the history of the series.

Annual growth – compared with the same quarter in 2019 – fell 18%.

The statistics are measured using the Northern Ireland Composite Economic Index (NICEI).

It is considered the Northern Ireland equivalent of GDP.

‘Big decline’

Ulster Bank Chief Economist Richard Ramsay pointed out that in the five years that followed the 2008 recession, the NICEI fell by around 10%.

“Now we’re seeing an even bigger decline than that in the space of four months,” he told BBC News NI.

“These figures are confirming what we already knew, but while this Nisra series only records economic output over the

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