Regis: Fiscal Q3 Earnings Snapshot
MINNEAPOLIS (AP) — MINNEAPOLIS (AP) — Regis Corp. (RGS) on Tuesday reported net income of $250,000 in its fiscal third quarter.
On a per-share basis, the Minneapolis-based company said it had profit of 8 cents. Earnings, adjusted for non-recurring costs, were 43 cents per share.
The owner of hair salon chains Supercuts and MasterCuts posted revenue of $57 million in the period.
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Hamilton Spectator
34 minutes ago
- Hamilton Spectator
What it would take to convert a jet from Qatar into Air Force One to safely fly Trump
WASHINGTON (AP) — President Donald Trump really wants to fly on an upgraded Air Force One — but making that happen could depend on whether he's willing to cut corners with security. As government lawyers sort out the legal arrangement for accepting a luxury jet from the Qatari royal family, another crucial conversation is unfolding about modifying the plane so it's safe for the American president. Installing capabilities equivalent to the decades-old 747s now used as Air Force One would almost certainly consign the project to a similar fate as Boeing's replacement initiative, which has been plagued by delays and cost overruns . Air Force Secretary Troy Meink told lawmakers Thursday that those security modifications would cost less than $400 million but provided no details. Satisfying Trump's desire to use the new plane before the end of his term could require leaving out some of those precautions, however. A White House official said Trump wants the Qatari jet ready as soon as possible while adhering to security standards. The official, who spoke on the condition of anonymity, did not provide details on equipment issues or the timeline. Trump has survived two assassination attempts , and Iran allegedly also plotted to kill him, so he's well aware of the danger he faces. However, he seems willing to take some chances with security, particularly when it comes to communications. For example, he likes to keep his personal phone handy despite the threat of hacks. He boasted this week that the government got the jet 'for free,' saying, 'We need it as Air Force One until the other ones are done.' Here's a look at what it would take to make the Qatari plane into a presidential transport: What makes a plane worthy of being Air Force One? Air Force One is the call sign for any plane that's carrying the president. The first aircraft to get the designation was a propeller-powered C-54 Skymaster, which ferried Franklin D. Roosevelt to the Yalta Conference in 1945. It featured a conference room with a bulletproof window. Things are a lot more complicated these days. Boeing has spent years stripping down and rebuilding two 747s to replace the versions that have carried presidents for more than three decades. The project is slated to cost more than $5.3 billion and may not be finished before Trump leaves office. A 2021 report made public through the Freedom of Information Act outlines the unclassified requirements for the replacement 747s under construction. At the top of the list — survivability and communications. The government decided more than a decade ago that the new planes had to have four engines so they could remain airborne if one or two fail, said Deborah Lee James, who was Air Force secretary at the time. That creates a challenge because 747s are no longer manufactured, which could make spare parts harder to come by. Air Force One also has to have the highest level of classified communications, anti-jamming capabilities and external protections against foreign surveillance, so the president can securely command military forces and nuclear weapons during a national emergency. It's an extremely sensitive and complex system, including video, voice and data transmissions. James said there are anti-missile measures and shielding against radiation or an electromagnetic pulse that could be caused by a nuclear blast. 'The point is, it remains in flight no matter what,' she said. Will Trump want all the security bells and whistles? If the Qatari plane is retrofitted to presidential standards, it could cost $1.5 billion and take years, according to a U.S. official who spoke on the condition of anonymity to provide details that aren't publicly available. Testifying before Congress this week, Meink discounted such estimates, arguing that some of the costs associated with retrofitting the Qatari plane would have been spent anyway as the Air Force moves to build the long-delayed new presidential planes, including buying aircraft for training and to have spares available if needed. In response, Rep. Joe Courtney, D-Conn., said that based on the contract costs for the planes that the Air Force is building, it would cost about $1 billion to strip down the Qatar plane, install encrypted communications, harden its defenses and make other required upgrades. James said simply redoing the wiring means 'you'd have to break that whole thing wide open and almost start from scratch.' Trump, as commander in chief, could waive some of these requirements. He could decide to skip shielding systems from an electromagnetic pulse, leaving his communications more vulnerable in case of a disaster but shaving time off the project. After all, Boeing has already scaled back its original plans for the new 747s. Their range was trimmed by 1,200 nautical miles, and the ability to refuel while airborne was scrapped. Paul Eckloff, a former leader of protection details at the Secret Service, expects the president would get the final say. 'The Secret Service's job is to plan for and mitigate risk,' he said. 'It can never eliminate it.' If Trump does waive some requirements, James said that should be kept under wraps because 'you don't want to advertise to your potential adversaries what the vulnerabilities of this new aircraft might be.' It's unlikely that Trump will want to skimp on the plane's appearance. He keeps a model of a new Air Force One in the Oval Office, complete with a darker color scheme that echoes his personal jet instead of the light blue design that's been used for decades. What happens next? Trump toured the Qatari plane in February when it was parked at an airport near Mar-a-Lago, his Florida resort. Air Force chief of staff Gen. David Allvin was there, too. The U.S. official said the jet needs maintenance but not more than what would be expected of a four-engine plane of its complexity. Sen. Tammy Duckworth, an Illinois Democrat on the Senate Armed Services Committee, said it would be irresponsible to put the president and national security equipment aboard the Qatari plane 'without knowing that the aircraft is fully capable of withstanding a nuclear attack.' 'It's a waste of taxpayer dollars,' she said. Meanwhile, Boeing's project has been hampered by stress corrosion cracks on the planes and excessive noise in the cabins from the decompression system, among other issues that have delayed delivery, according to a Government Accountability Office report released last year. Boeing referred questions to the Air Force, which said in a statement that it's working with the aircraft manufacturer to find ways to accelerate the delivery of at least one of the 747s. Even so, the aircraft will have to be tested and flown in real-world conditions to ensure no other issues. James said it remains to be seen how Trump would handle any of those challenges. 'The normal course of business would say there could be delays in certifications,' she said. 'But things seem to get waived these days when the president wants it.' ___ AP writer Lolita C. Baldor in Washington contributed to this report. Error! Sorry, there was an error processing your request. There was a problem with the recaptcha. Please try again. You may unsubscribe at any time. By signing up, you agree to our terms of use and privacy policy . This site is protected by reCAPTCHA and the Google privacy policy and terms of service apply. Want more of the latest from us? Sign up for more at our newsletter page .
Business Insider
3 hours ago
- Business Insider
I landed a remote job for a European company, and now I'd find it hard to go back to a US-based company — I feel spoiled by the perks
This as-told-to essay is based on a transcribed conversation with 34-year-old Meghan Gezo, from Michigan. The following has been edited for length and clarity. In 2022, I left my job working remotely in people operations for a US company. Juggling my job and raising my one-year-old wasn't working. I wanted to take a break while I looked for another opportunity that would allow me to have better work-life boundaries. After a few months of job hunting, I started as a people experience manager at Storyblok, a fully remote content management company based in Austria. I'd never worked for a company based in Europe before. Living in the US, most jobs that pop up are US-based. People have come to expect more work-life balance in Europe, as the employment laws differ from the US. For me, there have been perks related to my life as a parent, my working hours, and my professional growth. I was immediately drawn to the benefits of working for a European company I've been working in remote jobs for tech companies since 2016. I'd previously worked in an office, but thought a remote job meant I could focus on higher-impact work than the office administration that usually fell to HR, as well as branch out beyond the manufacturing and automotive industry jobs in my area. It was easier to find a remote job in 2022 than in 2016. I found the listing for Storyblok on a job board. The people I spoke with were genuine and direct. In the first interview, they talked about time off norms and said the standard workweek is 38.5 hours. They seemed to emphasize work-life balance and gave me concrete examples of how it worked at the company. I was optimistic I could be successful in the role while staying involved in my daughter's life. In the US, the norm on paper is a 40-hour workweek, but in practice, people often work until they finish their tasks, especially in tech. I used to work, feed my daughter, put her to bed, and then work some more. It felt normal. At my current company, you focus on work when you're at work and then log off until the next day. There have definitely been times when I've had to work extra hours, but overall, I'd say that my work-life balance is better. In the US, it can often feel that your work is your identity. My European colleagues take pride in their work and are extremely hard workers, but their job is one facet of their identity. Working for a European company has pushed me in new ways I've gained experience working with people from other cultures. Learning about Austrian law has also pushed me to expand my HR knowledge beyond US employment law. One thing I've noticed about the company culture is that when people are on vacation, they're on vacation. Meanwhile, it's more the norm in the US to answer messages on vacation. I've not completely broken this habit, but it has felt more attainable for me to delete work communication apps from my phone when I'm away. I've felt very supported in my role as a parent at my European company The Austrian norm of " care leave," which isn't a norm in the US, is a great part of working for a European company. Because I have kids under a certain age, I get to use two paid weeks off a year for days when my kids are sick and I need to take them to a doctor or take care of them. Having this bucket to pull from is a huge weight off my shoulders as a parent. My previous employers had generous parental leave policies. However, at Storyblok, I got slightly more time — 16 weeks. I went on maternity leave at a previous company with my firstborn and again at my current job in 2023. During my most recent maternity leave, people in the company treated it very seriously. I got a lot of support from my manager and team to help plan for my leave and assign my tasks to others. During my first maternity leave for a previous company, I didn't mind answering a few questions as needed to support my team, but at Storyblok, no one asked me work-related questions while I was away. There are some downsides While my working hours suit my season of life, there are days when I wish I could start later at 9 a.m. However, I don't think I'd be as effective without overlap with my European colleagues. Right now, I work 6:30 a.m. to 2:30 p.m. ET. Sometimes, if I have a question I want to ask colleagues in Europe during my afternoons, I'll know that I won't be getting an answer until the next day because of the time zone difference. I've learned to work these expectations into my regular workflow. It does make me sad that I don't live near my colleagues. I've built strong relationships with these people, but they're an ocean away. I'd find it hard to go back to a US-based company Working for a European company didn't occur to me as an option before I interviewed for this job. Having worked here for over two years, I feel spoiled by the benefits and perks of European working culture, and it would be hard for me to go back to working for a US-based company.
New York Post
3 hours ago
- New York Post
Jack Daniel's maker reveals surprising reason why Americans are drinking less whiskey
Executives from Jack Daniel's parent company, Brown-Forman Corp., warned that the business is seeing pressure from cannabis, weight-loss drugs and lackluster demand from Generation Z. Brown-Forman CEO Lawson Whiting told analysts on an earnings call that the 'same big three' is the reason that there has been lower demand for liquor. 'We've been saying that for 1.5 years now. And I know on the sell-side that the world seems to be a little bit split on the extent of the pressure that it's putting on our category. We'd be naive if we didn't say that there isn't some pressure coming from those,' Whiting told analysts. The economy is also playing a factor, with Whiting noting that consumers don't have as much dispensable income and are prioritizing vacations and lodging. They go to the grocery store, I think in some cases, spirits has fallen out of the basket a little bit. And that isn't obviously great,' Whiting said. Brown-Forman Corp. is Jack Daniel's parent company. AP However, he said that spirits are still taking market share from beer and wine. He also noted that while premiumization isn't the same as it was, 'it's been kind of stagnant a little bit,' which he said is mostly good news. 'I think the consumers – they haven't traded down necessarily,' he said. Brown-Forman CEO Lawson Whiting blamed lower whiskey demand on cannabis, weight-loss drugs and Gen Z. Brown Forman However, Brown-Forman CFO Leanne Cunningham said the company projected that the operating environment will remain volatile in fiscal 2026. 'We believe that through all of that continued kind of uncertainty that the consumer is going to remain at that sustained level that it is now,' Cunningham said.
