Latest news with #Brinks
Yahoo
3 days ago
- General
- Yahoo
Brazen armed pair robs cash, guard's gun from Brinks truck in broad-daylight NYC heist: cops
A brazen gun-toting pair robbed a load of cash from an armored Brinks truck outside a Queens bank in broad daylight Monday – and also ripped off the guard's firearm, cops said. The two suspects stormed up to the Brinks driver and guard stationed outside a Bank of America at Linden Boulevard and 205th Street in Cambria Heights around 8:50 a.m., according to police. They managed to swoop up an undetermined amount of money from the back of the truck – and also snatched a gun from the 62-year-old male guard, authorities said. Both then took off in a black Chevy sedan heading west on Linden Boulevard, according to cops. No injuries were reported. The robbers remain at large.
Yahoo
3 days ago
- General
- Yahoo
Suspects rob Brinks truck in front of Queens Bank of America: sources
QUEENS, N.Y. (PIX11) – Two armed suspects robbed a Brinks truck of money in front of a Bank of America in Queens on Monday, sources told PIX11 News. Police said it happened around 8:50 a.m. near Linden Boulevard and 205th Street. A driver and an armed guard were approached by the two suspects who had guns, according to authorities. More Local News Sources said the victims are employees of Brinks. The suspects were able to steal an unknown amount of cash from the truck and snatched a firearm from the armed guard, according to authorities. Police said the suspects then fled the scene in a black Chevy going west on Linden Boulevard. No injuries were reported and no arrests have been made. Submit tips to police by calling Crime Stoppers at 1-800-577-TIPS (8477), visiting downloading the NYPD Crime Stoppers mobile app, or texting 274637 (CRIMES) then entering TIP577. Spanish-speaking callers are asked to dial 1-888-57-PISTA (74782). Erin Pflaumer is a digital content producer from Long Island who has covered both local and national news since 2018. She joined PIX11 in 2023. See more of her work here. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Yahoo
5 days ago
- Business
- Yahoo
Returns At Brink's (NYSE:BCO) Are On The Way Up
To find a multi-bagger stock, what are the underlying trends we should look for in a business? Amongst other things, we'll want to see two things; firstly, a growing return on capital employed (ROCE) and secondly, an expansion in the company's amount of capital employed. Basically this means that a company has profitable initiatives that it can continue to reinvest in, which is a trait of a compounding machine. So on that note, Brink's (NYSE:BCO) looks quite promising in regards to its trends of return on capital. This technology could replace computers: discover the 20 stocks are working to make quantum computing a reality. For those who don't know, ROCE is a measure of a company's yearly pre-tax profit (its return), relative to the capital employed in the business. Analysts use this formula to calculate it for Brink's: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) 0.096 = US$458m ÷ (US$6.6b - US$1.8b) (Based on the trailing twelve months to March 2025). Thus, Brink's has an ROCE of 9.6%. On its own that's a low return on capital but it's in line with the industry's average returns of 10%. Check out our latest analysis for Brink's Above you can see how the current ROCE for Brink's compares to its prior returns on capital, but there's only so much you can tell from the past. If you'd like, you can check out the forecasts from the analysts covering Brink's for free. Even though ROCE is still low in absolute terms, it's good to see it's heading in the right direction. The numbers show that in the last five years, the returns generated on capital employed have grown considerably to 9.6%. The company is effectively making more money per dollar of capital used, and it's worth noting that the amount of capital has increased too, by 69%. This can indicate that there's plenty of opportunities to invest capital internally and at ever higher rates, a combination that's common among multi-baggers. A company that is growing its returns on capital and can consistently reinvest in itself is a highly sought after trait, and that's what Brink's has. And with a respectable 70% awarded to those who held the stock over the last five years, you could argue that these developments are starting to get the attention they deserve. So given the stock has proven it has promising trends, it's worth researching the company further to see if these trends are likely to persist. Brink's does have some risks though, and we've spotted 1 warning sign for Brink's that you might be interested in. If you want to search for solid companies with great earnings, check out this free list of companies with good balance sheets and impressive returns on equity. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Sign in to access your portfolio
Yahoo
6 days ago
- Business
- Yahoo
Brinks says passing road funding and public safety trust fund will take conversations and compromise
Michigan Senate Majority Leader Winnie Brinks, D-Grand Rapids, participates in a PAC reception during the third day of the Mackinac Policy Conference at the Grand Hotel on Mackinac Island, Mich., on May 29, 2025. (Photo by Andrew Roth/Michigan Advance) MACKINAC ISLAND – With a little over a month until the July 1 deadline, Michigan Senate Majority Leader Winnie Brinks (D-Grand Rapids) told the Michigan Advance she has concerns about whether the Legislature would be able to pass the state's budget for Fiscal Year 2026 before the end of June. 'We're at the stage where we need to negotiate the differences between a House budget and a Senate budget, and the House has not passed what you can reasonably or meaningfully call a budget that we can even negotiate from. So they're pretty far behind in the process. And so that gives me pause about that deadline,' Brinks said. Michigan House Republicans took control of the chamber in the 2024 election, winning a 58-52 majority and bringing an end to Democrats' trifecta control of the House, Senate and governor's seat. As a result, the Legislature has deadlocked, passing only four bills since the start of the year. Michigan House Speaker Matt Hall (R-Richland Township) has repeatedly refused to commit to meeting the July 1 deadline, when lawmakers are legally required to pass a budget. However, the state's fiscal year does not start until Oct. 1, with Hall telling reporters in January that the budget may not be done until Sept. 30. A failure to have a budget in place by the Oct. 1 deadline would force a state government shutdown. As Democrats raise alarms about the potential for a shutdown, House Republicans have passed what they call a 'shutdown prevention plan' which allocates $20 billion for critical programs like schools and local law enforcement if the Legislature cannot reach an agreement by the end of September. While there is no penalty if lawmakers fail to agree on a new budget by July 1, Brinks noted in an interview with the Advance during the Mackinac Policy Conference that completing the budget on time is critical for municipalities, K-12 schools and universities. 'They're all making their plans right now for how they expend resources and serve their folks that they serve. I don't want to show up at my kid's school and find out that they didn't know enough about the resources they have coming from the state to be able to hire enough teachers to teach the kids and have larger class sizes. That's a completely unnecessary thing, and it's completely avoidable,' Brinks said. And while Hall has slammed the Democratic-led Senate for failing to act on bipartisan road funding legislation and policies establishing a public safety and violence prevention fund to support local law enforcement and community violence intervention organizations, Brinks said those conversations need to be held in the context of the state's budget. 'You know something like the public safety trust fund, while there's a policy element to it, it's essentially a budget conversation. So get back in the room and have a budget conversation. I know our appropriations chairs have had some conversation, but there's so much more to the process…. This is exactly the kind of thing that could be worked out in a budget process, and there will, by necessity, need to be compromise,' Brinks said. Similarly, allocating $3 billion towards road funding should also be subject to bipartisan discussion, Brinks said. 'So far, there hasn't been a lot of willingness to actually have those conversations between us from Matt Hall, and so, you know, at that point, they're simply just ideas that have been thrown out in the ether. The real work comes in the conversation, in the negotiation, in the sitting down and hashing things out,' Brinks said. 'It's not glamorous, right? You don't get to start in your own press conference for two hours as a negotiation. That's not negotiating. If he wants to do that, that's fine. But in addition to that, he's going to have to really find some time or empower his caucus, and there are some capable people there to sit down and really, do that work,' Brinks said. While the House and Senate were able to break through their deadlock earlier this month to extend the filing deadline for lawmakers' legally-required financial disclosures amid frustrations with the rollout of the state's new financial reporting system, Brinks said there are several other policies they could be working on if Hall was interested. 'We could be talking about prescription drug affordability. We could be talking about ways to ensure, you know, we have more affordable housing, we could, you know, be talking about FOIA, you know, something that passed with a really strong bipartisan vote,' Brinks said. In January, members of the Senate voted 33-2 to advance Senate Bills 1 and 2 to the House. The package looks to extend FOIA to include the Legislature, the governor and the lieutenant governor, which are exempt under the current state law. However, Hall has declared the package dead, calling them 'a very low priority.' While Hall has pointed to the public safety trust fund as a bipartisan slam dunk, Brinks said the same about FOIA reform. 'It could be an easy bipartisan win that really helps improve transparency and the ethical environment in our state,' she said. SUBSCRIBE: GET THE MORNING HEADLINES DELIVERED TO YOUR INBOX
Yahoo
29-05-2025
- Business
- Yahoo
Where does the Michigan state budget stand?
MACKINAC ISLAND, Mich. (WOOD) — With plenty of politicians and stakeholders gathered for the Detroit Regional Chamber Mackinac Policy Conference, the pending state budget is bound to be part of the conversation. Michigan currently has a divided government, which means working out a new spending plan could take a while. The Democrats have pushed one through the Senate, but Republicans in the House don't seem impressed. Senate Majority Leader Winnie Brinks, D-Grand Rapids, said some adjustments will need to be made because of changes in projections for state revenue. Still, she said, her party has put together a budget that will work. 'The Senate has passed a budget that was based on budget projection numbers, fiscal projection numbers that were created for that purpose of creating an initial budget. Those were January numbers,' Brinks said. 'It's a responsible budget, ready for negotiation with the other chamber.' What is in Gov. Whitmer's $83.5 billion state budget proposal The House has passed its own version that Republicans says would prevent a government shutdown. They say they are working on a larger spending deal. Speaker of the House Matt Hall, R-Richland, said the Senate plan doesn't add up. 'The budget has grown 43% since (Gov. Gretchen) Whitmer took office, and that's without this billion-dollar budget Brinks and Senate Democrats have come up with. We have the money to prioritize roads, public safety and education. We can do all three. But we have to set better priorities than what we've seen from the Democrats,' Hall said. Leaders from both chambers say a road funding plan needs to be built around the budget, though they don't agree on how to pay for it. The budget is supposed to be done by July 1, but increasingly, it looks like negotiations may go into the summer — or perhaps into the fall. The new fiscal year starts Oct. 1. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
