Posts by Liam Redmond
Giants’ Evan Neal unlikely to follow Mekhi Becton position change path
INDIANAPOLIS — If Evan Neal is going to be moved inside to get a shot at playing guard after failing at offensive tackle, that position change is not yet in the works. The Giants are waiting to see what unfolds in free agency before they determine if Neal — the No. 7 pick in the…
Read MoreKwek Leng Beng moves to sack son and CDL CEO Sherman Kwek; files lawsuit over ‘attempted coup’
A BATTLE for control has erupted within property giant City Developments Ltd (CDL), pitting father and son against each other in the Kwek-family controlled company and exposing underlying tensions that have been brewing for some years. In a dramatic four-page statement issued to media on Wednesday (Feb 26) morning, executive chairman Kwek Leng Beng said…
Read MoreSuper Micro jumps after filing delayed financial reports
SUPER Micro Computer gained more than 20 per cent in extended trading after it submitted outstanding financial reports to become compliant with Nasdaq rules, easing concerns risks that the server maker would be delisted. The company reported its 2024 fiscal year results on Tuesday (Feb 25) in a filing with the Securities and Exchange Commission…
Read MoreBuccaneers’ Rachaad White victim of alleged extortion attempt
Buccaneers running back Rachaad White was the victim of an alleged extortion that the FBI is now investigating the situation, his lawyers said. White’s attorneys, Michelle Gervais and TJ Grimaldi, confirmed the news in a statement to multiple outlets and said “other appropriate authorities” were looking into the situation. “Illegal and defamatory threats and demands…
Read MoreThe unravelling of Hour Glass co-founder Jannie Chan’s fortunes
FETED at high-society events and billed as a poster girl for female entrepreneurship, Jannie Chan – erstwhile known as Jannie Tay – once graced the pages of Tatler and The Peak. But these days, the co-founder of The Hour Glass is making headlines for other reasons. After numerous court appearances over personal and business matters,…
Read MoreGold recoups from one-week low as tariff uncertainty weighs on risk appetite
GOLD prices climbed on Wednesday (Feb 26), recovering from a one-week low touched in the previous session, as uncertainties stemming from US President Donald Trump’s tariff plans dampened risk appetite and boosted demand for safe-haven bullion. Spot gold was up 0.3 per cent at US$2,925.05 an ounce, as at 0041 GMT. Prices dropped more than…
Read MoreOCBC shares fall nearly 3% after Q4 earnings miss
SHARES of OCBC fell in early trading on Wednesday (Feb 26) morning after the lender posted a net profit for the fourth quarter that fell short of consensus estimates. As at 9.10 am, the counter fell 2.8 per cent or S$0.50 to S$17.10 from its closing price of S$17.60 on Tuesday. It pared losses slightly…
Read MoreCDL calls for trading halt as it cancels results briefing
City Developments Limited (CDL) announced on Wednesday (Feb 26) morning that it is canceling its results briefing that was scheduled to be held on the same day, pending announcements. That was to be at 10 am on Wednesday for both the media, as well as analysts. The company also issued a bourse filing shortly after…
Read MoreLynas profit slumps 85% as low rare earths prices take toll
The miner’s performance indicates the market is still over-supplied, with rare earth oxide prices down due to strong output from China and its economic slowdown LYNAS Rare Earths’ first-half profit plunged 85 per cent from the year before, as prices for the materials – used in everything from wind turbines to military hardware and electric…
Read MoreDonald Trump impersonator claims Hilaria Baldwin ‘chased him around the block’ after Alec’s threat over heckling
Donald Trump impersonator Jason Scoop, who heckled Alec Baldwin over the weekend, claims the actor’s wife, Hilaria Baldwin, “chased” him down the street once the cameras were off. On Tuesday, the controversial comedian spoke about his interaction with the couple after going viral for his heated confrontation with Alec, who threatened to “snap” his neck…
Read MoreStocks to watch: OCBC, CDL, SingPost, Food Empire, SingLand, Aztech Global
THE following companies saw new developments that may affect trading of their securities on Wednesday (Feb 26): OCBC: The lender on Wednesday reported a net profit of S$1.69 billion for the fourth quarter ended December, up 4 per cent from S$1.62 billion in the previous corresponding period. This fell short of the S$1.78 billion consensus…
Read MoreCDL H2 net profit drops 54.7% to S$113.5 million on property development segment’s lower contributions
PROPERTY player City Developments Ltd (CDL) posted a profit of S$113.5 million for its second half ended Dec 31, down 54.7 per cent from S$250.8 million in the previous corresponding period. This translates to a basic earnings per share (EPS) of S$0.121 against an EPS of S$0.27 in the year-ago period. H2 revenue fell 23.6…
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