Christopher Massie
Christopher Massie Hired at LMCU
With over a decade of experience in business lending, I'm passionate about helping Tampa-area businesses grow. I'm active in the Secured Finance Network and CREW Tampa Bay, serving on the Excellence Awards Committee. Whether leading my team or working directly with clients, I believe in building genuine, human connections. By understanding what drives business owners, I can better support their goals. At LMCU, I'm proud to work alongside a talented, committed team.
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Newsweek
an hour ago
- Newsweek
Thousands of Boeing Employees Could Strike Next Week: What To Know?
Based on facts, either observed and verified firsthand by the reporter, or reported and verified from knowledgeable sources. Newsweek AI is in beta. Translations may contain inaccuracies—please refer to the original content. More than 3,200 union workers at three St. Louis-area plants that produce U.S. fighter jets voted "overwhelmingly" to go on strike on Sunday after they rejected a proposed contract that included a 20 percent wage increase over four years. The company said it was preparing for a strike that the union said could begin on Aug. 4. Why It Matters The company has faced serious difficulties over recent years including several safety-related incidents. In March, Transportation Secretary Sean Duffy said Boeing had lost the trust of the American people and needed strict oversight after a mid-air panel blowout on a new Alaska Airlines 737 MAX 9 airplane that was missing four key bolts and two fatal crashes in 2018 and 2019 that killed 346 people. A Boeing 787 Dreamliner crashed in India last month killing 260 people. A strike late last year by machinists' union memes put a heavy toll on the company, compounding existing production issues and stalling the manufacturing of its key aircraft, including the 737 MAX, 767, and 777 models. Pro-union signs are pictured outside the Boeing Renton Production Facility on November 3, 2024. More than 3,000 members of the International Association of Machinists and Aerospace Workers in the St. Louis area voted on Sunday... Pro-union signs are pictured outside the Boeing Renton Production Facility on November 3, 2024. More than 3,000 members of the International Association of Machinists and Aerospace Workers in the St. Louis area voted on Sunday to go on strike. MoreWhat To Know The International Machinists and Aerospace Workers union, or IAM, said the vote by District 837 members was overwhelmingly against the proposed contract. The current contract was to expire at 11:59 p.m. CT on Sunday, but the union said a "cooling off" period would keep a strike from beginning for a week, until Aug. 4, according to The Associated Press. Union leaders had recommended approving Boeing's offer sent last week, calling it a "landmark" agreement that the offer would improve medical, pension and overtime benefits in addition to pay. Dan Gillian, Boeing's Air Dominance vice president, general manager and senior St. Louis Site executive said in an emailed statement that the company was disappointed that the Boeing employees voted down "the richest contract offer we've ever presented to IAM 837 which addressed all their stated priorities." The Boeing Air Dominance division produces several military jets, including the U.S. Navy's Super Hornet, as well as the Air Force's Red Hawk training aircraft. The division is expanding manufacturing facilities in the St. Louis area for the new U.S. Air Force fighter, the F-47, after it won the contract earlier this year. The Next Generation Air Dominance (NGAD) fighter jet program, initially conceived as a "family of systems" centered around a sixth-generation fighter jet, is meant to replace the F-22 Raptor. What People Are Saying Boeing's Air Dominance Vice President Gillian said in the statement: "We've activated our contingency plan and are focused on preparing for a strike. No talks are scheduled with the union." IAM said in a statement: "Union members delivered a clear message: the proposal from Boeing Defense fell short of addressing the priorities and sacrifices of the skilled IAM Union workforce. Our members are standing together to demand a contract that respects their work and ensures a secure future." What Happens Next The strike is due to begin after a one-week "cooling off" period, on Aug. 4.
Yahoo
2 hours ago
- Yahoo
Earnings To Watch: First Interstate BancSystem (FIBK) Reports Q2 Results Tomorrow
Regional banking company First Interstate BancSystem (NASDAQ:FIBK) will be announcing earnings results this Tuesday after market hours. Here's what you need to know. First Interstate BancSystem missed analysts' revenue expectations by 2.3% last quarter, reporting revenues of $247 million, up 2% year on year. It was a disappointing quarter for the company, with a significant miss of analysts' net interest income estimates and a significant miss of analysts' EPS estimates. Is First Interstate BancSystem a buy or sell going into earnings? Read our full analysis here, it's free. This quarter, analysts are expecting First Interstate BancSystem's revenue to grow 3.4% year on year to $252.7 million, a reversal from the 6.9% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.58 per share. Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. First Interstate BancSystem has missed Wall Street's revenue estimates four times over the last two years. Looking at First Interstate BancSystem's peers in the regional banks segment, some have already reported their Q2 results, giving us a hint as to what we can expect. Seacoast Banking delivered year-on-year revenue growth of 19.6%, beating analysts' expectations by 5%, and Atlantic Union Bankshares reported revenues up 86.2%, topping estimates by 12.5%. Seacoast Banking's stock price was unchanged after the resultswhile Atlantic Union Bankshares was down 1.9%. Read our full analysis of Seacoast Banking's results here and Atlantic Union Bankshares's results here. There has been positive sentiment among investors in the regional banks segment, with share prices up 4.3% on average over the last month. First Interstate BancSystem is up 5.8% during the same time and is heading into earnings with an average analyst price target of $31.88 (compared to the current share price of $30.50). When a company has more cash than it knows what to do with, buying back its own shares can make a lot of sense–as long as the price is right. Luckily, we've found one, a low-priced stock that is gushing free cash flow AND buying back shares. Click here to claim your Special Free Report on a fallen angel growth story that is already recovering from a setback. StockStory is growing and hiring equity analyst and marketing roles. Are you a 0 to 1 builder passionate about the markets and AI? See the open roles here.
News24
2 hours ago
- News24
Transformation ‘a journey': Absa says it's making strides, but work remains
Absa's head office in Sandton. Supplied/Absa Be among those who shape the future with knowledge. Uncover exclusive stories that captivate your mind and heart with our FREE 14-day subscription trial. Dive into a world of inspiration, learning, and empowerment. You can only trial once.
