
Limbach: Q2 Earnings Snapshot
On a per-share basis, the Warrendale, Pennsylvania-based company said it had profit of 64 cents. Earnings, adjusted for one-time gains and costs, came to 93 cents per share.
The company posted revenue of $142.2 million in the period.
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The Hill
25 minutes ago
- The Hill
Asian shares mostly climb after a rally for Apple led Wall Street higher
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San Francisco Chronicle
25 minutes ago
- San Francisco Chronicle
Germans worry their beloved kebab may get more pricy or even scarce because of factory strike
BERLIN (AP) — Germans are in kebab angst. They worry that their most beloved street food option, the spicy, juicy kebab in a pita that can be found on every street corner across Germany, may get more expensive — or even worse, that the country may be sliding into a national kebab shortage. Even if these fears may sound exaggerated at first, they aren't unfounded. Workers at one of Germany's biggest kebab factories are locked in a bitter and ongoing fight with their employer over wages and working conditions. For weeks, workers at the Birtat Meat World SE factory in southwestern Germany have repeatedly stopped the production line by walking off their jobs in "warning strikes,' demanding wage increases of 375 euros ($434) per month. Their current salaries vary widely, and haven't been disclosed. The Food, Beverages and Catering Union that represents them says that payment methods are nontransparent and workers are making vastly different salaries for the same kind of job, according to German news agency dpa. Workers are also trying to organize a collective contract agreement for all employees with the help of the union. Immigrant workers Many workers are immigrants from Turkey, Romania or Bulgaria, who spend long, tough workdays in the factory, which has near freezing temperatures to keep the raw meat fresh. On Wednesday, many workers walked off their jobs again, waving flags in front of the factory's main gate, playing drums, whistling and shouting for higher salaries and unionized contracts. German media have reported that Birtat hasn't yielded to any of the demands so far. The company didn't immediately respond to requests for an interview. Millions of consumers each month Birtat, which is located in Murr, 30 kilometers (nearly 20 miles) north of Stuttgart, has been making kebab skewers for more than 30 years. The company says on its website that it makes skewers of ground beef, veal, chicken or turkey kebab that can weigh up to 120 kilograms (260 pounds). The workers chop up the meat, marinate it and push chunks of the raw produce on long metal skewers. The meat is then shock-frozen and and delivered to restaurants all over the country. Birtat says it supplies thousands of kebab stands and fast food places and reaches more than 13 million consumers every month. Some restaurant owners worry that should the workers decide to go on a long-term strike, the Germans' favorite fast-food snack may indeed become more expensive or even scarce. Rising prices Germans already complain that the meaty snack, which used to be a cheap staple that sold for 2.50 euros about two decades ago, has become too expensive, with most places charging at least 7 euros ($8) or more. Halil Duman was pondering the state of the kebab business as he was busy slicing off thin pieces of ground beef at Pergamon Döner, a small eatery at Berlin's Friedrichstrasse train station where people were lining up for lunch. 'It's all getting more and more difficult," the 68-year-old Turkish immigrant said. "The produce is becoming more expensive and we barely make profit anymore.' 'But if we raise the prices any further, people won't buy here anymore,' said Duman, who has been working at kebab stores in the German capital for more than 30 years and was selling the classic kebab sandwich for 7.50 euros (around $8.70). History of the kebab in Germany Germans have long fancied the kebab sandwich, which is called a döner in Germany. The word comes from the Turkish verb 'donmek,' meaning to turn — the meat is grilled for hours on a spit and cut off in razor-thin slices when it's crisp and brown. First brought to Berlin by Turkish immigrants in the 1970s, the grilled meat snack, which comes wrapped in pita bread with shredded lettuce, tomatoes, onions and different dressings, is now sold everywhere in Germany, from regions stretching from the Baltic Sea to the Bavarian Alps. According to legend, it was Mahmut Aygun, a Turkish guest worker, who invented the first döner sandwich in 1971, when he sold the meat in a piece of pita bread with yogurt dressing at a stand close to a main train station next to the zoo in West Berlin. About 2.9 million people with Turkish roots live in Germany — but the döner kebab sandwich has become so ubiquitous in the country that many foreign tourists consider it typically German and don't even know about the snack's immigrant past. Nele Langfeld, a 22-year-old university student, had come to Pergamon Döner because she was craving the yummy comfort food after having just finished an exam. Waiting in line for her turn, she said that while she hadn't heard about the labor dispute at Birtat, she sure didn't like the prospect of a possible döner shortage or higher prices. 'I live on a budget and that's the last thing I need,' she said. 'Döner is the one affordable meal that really fills your stomach — it should stay that way.'


San Francisco Chronicle
25 minutes ago
- San Francisco Chronicle
Asian shares mostly climb after a rally for Apple led Wall Street higher
MANILA, Philippines (AP) — Asian shares mostly advanced and financial markets appeared to show scant if any reaction to higher tariffs on exports to the United States that took effect early Thursday. Japan's benchmark Nikkei 225 added 0.6% to 41,025.76. Hong Kong's Hang Seng climbed 0.6% to 25,057.84 and the Shanghai Composite added 0.1% to 3,637.96. China reported that its exports picked up in July, helped by a flurry of shipments by businesses taking advantage of a pause in U.S. President Donald Trump's tariff war with Beijing. South Korea's Kospi rose 0.6% to 3,217.67 while the S&P/ASX 200 in Australia shed 0.2% to 8,828.70. India's Sensex gave up 0.6% after Trump ordered tariffs on imports from the world's most populous nation to rise to 50%, citing its crude oil imports from Russia. Trump also declared 100% tariffs on computer chips with an exemption for U.S. investments. Apple's shares rose 5.1% on Wednesday ahead of a White House event where it announced an increase to its U.S. investments of an additional $100 billion over the next four years. Mizuho Bank, in a commentary, said the Trump's exemption from 100% tariffs on semiconductors for those with investments in U.S. production means trade partners may be able to use investments as a bargaining chip. Taiwan's Taiex jumped 2.4% as shares in market heavyweight Taiwan Semiconductor Manufacturing Corp. surged 4.9%. TSMC is the world's largest contract maker of computer chips and it has been ramping up its investments in U.S. factory capacity, helping to alleviate the impact from higher tariffs. South Korean chipmakers also saw strong gains, with Samsung Electronics jumping 2.1% after the government said its products would also be subject to the exemption. On Wednesday, a rally for Apple led Wall Street higher, with U.S. stocks reclaiming more of their sharp losses from last week. The S&P 500 rose 0.7% to 6,345.06. The Dow Jones Industrial Average added 0.2% to 44,193.12, and the Nasdaq composite climbed 1.2% to 21,169.42. Apple alone accounted for more than a third of the S&P 500's gain. Trading elsewhere on Wall Street was mixed following a jumble of profit reports. McDonald's and Shopify rose following their latest updates, while Super Micro Computer tumbled after its earnings and revenue came in below analysts' expectations. The Walt Disney Co. fell after its earnings beat forecasts but its revenue fell short __