Warner Music Group expected to post profit in Q3
Wall Street anticipates Warner Music Group $40 billion market cap will report earnings growth for the April to June period after a prior year loss. The company home to Dua Lipa and the Red Hot Chili Peppers may echo its January-March quarter where recorded music and publishing units posted double-digit revenue gains.
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Wall Street
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Dua Lipa
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Sto Stocks slips after choppy session and Meggitt buy
Sto Stocks gave back gains as trading on Wall Street ended mixed. The S&P 500 slipped from a modest intraday lead while the Dow finished lower. Meggitt will be acquired by Motion and Control Technologies in a deal valued at missing details.
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Wall Street
City to overhaul finances after 2019 audit issues
Lawrence officials report ongoing fixes after a 2019 audit found accounts payable cutoff errors and weak revenue recognition. Staff turnover strained daily duties and the 2020 budget adds 20.5 new positions including two for purchasing to reduce non accounting workload. A new finance system is planned with an RFP issued in 2020 and expected online in 2022. public comment today at City Hall.
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Jeremy Willmoth
Finance Department
City Commission
Willmoth
Lawrence City Commission
City Hall
E. Sixth St
Lawrenceks.org
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