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OceanFirst: Q1 Earnings Snapshot

Published Tue, 18 Feb 2025 20:17:42 GMT

RED BANK, N.J. (AP) — RED BANK, N.J. (AP) — OceanFirst Financial Corp. (OCFC) on Thursday reported first-quarter profit of $27.9 million.On a per-share basis, the Red Bank, New Jersey-based company said it had net income of 46 cents. Earnings, adjusted for non-recurring costs, were 55 cents per share.The results missed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 66 cents per share.The holding company for OceanFirst Bank posted revenue of $141.1 million in the period. Its adjusted revenue was $100.9 million, which also did not meet Street forecasts. Three analysts surveyed by Zacks expected $116.9 million._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on OCFC at https://www.zacks.com/ap/OCFCSource

Local travel agency closes after 45 years in operation

Published Tue, 18 Feb 2025 20:17:42 GMT

The Travel Industry Council of Ontario (TICO) is advising the public of the closure of The Travel Broker Group Inc, which is a local travel agency specializing in custom tours and group tours for women. This comes after the company terminated its registration  under the Travel Industry Act, 2002 effective April 18, 2023.The travel agency has been in operation since 1977 and was located on 1049 Sydenham Road in Kingston. In 2002, the group founded Today’s Woman Traveller, which has also been included in the closure. TICO has released a Closure Advisory for those impacted by the news. Consumers with bookings: consumers who purchased travel services from The Travel Broker Group Inc. and who are in possession of their airline tickets are asked to contact the airline(s) involved to confirm their travel arrangements. This includes consumers who began their travel prior to the closure of the travel agency and who may still be in destination.Who can fileWho can file a claim with the On...

$100M Empower Field at Mile High renovations underway

Published Tue, 18 Feb 2025 20:17:42 GMT

DENVER (KDVR) -- Empower Field at Mile High is getting the most expensive facelift since the Denver Broncos' home stadium was built more than two decades ago.The Denver Broncos said the renovations are the "single-largest capital improvement in the stadium’s 22-year history." The drone video provided by the Broncos in the player above shows the extent of the project. Rockies have lowest attendance in 10 years at regular home game What exactly are the upgrades? The South scoreboard is expanding by 70%, measuring 31 feet taller than the previous display.A new all-inclusive hospitality space—located on Level 0—will be built exclusively for fans to enjoy on gameday.The video control room will be rebuilt with cutting-edge technology, including a conversion to HDR, while the Tunnel Boards will also undergo significant enhancements.The South Deck of Empower Field at Mile High will now feature permanent concessions for the first time ever.The Broncos Team Store will undergo a 3,000-squar...

Surveillance video captures 3 suspects arriving with stolen jet skis

Published Tue, 18 Feb 2025 20:17:42 GMT

Police released a crime clue after watercrafts were stolen.A trio of suspects were captured on camera stealing two jet skis on the same day in March.One of them was taken from Yacht Club Boulevard, and four hours later, the second jet ski was taken from Sunrise Boulevard.Surveillance video showed the suspects, who are believed to be underage, arriving at each location by boat.Police said one jet ski was crashed into a dock after a chase involving a marine unit.They said the second watercraft was sunk on purpose.

Broward County Library seeks to become book sanctuary following strict laws banning books in Florida, US

Published Tue, 18 Feb 2025 20:17:42 GMT

The library system wants to be a safe space for curious minds in search of titles that are becoming harder and harder to find.The Broward County Public Library plans to become a book sanctuary.“We are highlighting books that have been banned or challenged, not only here in Florida, but throughout the entire United States,” said Allison Grubbs, director of the Broward County Library.More that 2,000 such sanctuaries already exist across the country.The move comes in time for the celebration of National Library Week, which starts Sunday.“Providing an area where people have the freedom to read, the freedom to access different ideas is really critical to civic engagement,” Grubbs said. It comes as school libraries have seen more and more books challenged or outright removed.Laws like the recently expanded Parental Rights in Education in Florida, known by critics as the “Don’t Say Gay” law and the “Stop Woke Act,” which limits how race...

Jack and Jill Children’s Center seeks donation after historic floods affect peoples homes and belongings

Published Tue, 18 Feb 2025 20:17:42 GMT

In some cases, help from Federal Emergency Management Agency won’t be enough.The Jack and Jill Children’s Center is asking the community to pitch in by donating essentials to its students, families and staff could really use right now.“I lost pretty much everything that I own like furniture, clothing for my kids, shoes, clothes, towels, bedding, like the water kept coming, I was doing the best I can do to stop it,” said Shamika Delcine, flooding victim. “When I go home, I sit there just think what’s going to come next, what’s going to happen to me and my kids, my family?”To help, the center is collecting food, baby supplies, cleaning supplies, clothing, furniture and appliances. Monetary donations are also welcomed. For more information, click here.

Broward School district estimates damage to schools from last week’s floods at $10M+

Published Tue, 18 Feb 2025 20:17:42 GMT

We’re now getting a look at the damage done to several schools soaked from the historic floods that rocked Broward County.The Broward School district said the floods caused millions of dollars in damage, and some rooms at several campuses are not even usable.“So far, to date about $10 million worth of damage,” said Broward school board member Debra Hixon.Broward Schools officials showed 7News the damage done to two of nine schools, Thursday, impacted by the heavy rains, last week, flooding an auditorium and even making it rain indoors.Parkway Middle School sustained extensive damage to its performing arts building, where cellphone video provided by the district showed rain coming through the ceiling, flooding the auditorium.“We sustained major stage damage,” said Angeline Flowers, Parkway Middle School Principal. “Our orchestra pit was flooded as well as roof leaks over our pews and also rain onto the stage.”At Stranahan High School, Princip...

Coast Guard finds 3 bodies off coast of Cape Ann amid search

Published Tue, 18 Feb 2025 20:17:42 GMT

The Coast Guard confirmed Thursday that they have found the bodies of three boaters off the coast of Cape Ann amid an extensive search in the area. The group had gone fishing from Hampton, New Hampshire on Wednesday before being reported missing. Their overturned boat was found this afternoon. Crews are still searching for a fourth person who was on the boat.This is a developing story; stay with 7NEWS on-air and online for the latest updates.

Police searching for suspect wanted in connection with several armed robberies in Boston

Published Tue, 18 Feb 2025 20:17:42 GMT

The FBI asked for the public’s help Thursday in efforts to track down a person accused in connection with several armed robberies in Boston. Authorities said the suspect has been linked to four commercial armed robberies in the Hyde Park and Roxbury areas, adding that he is considered armed and dangerous. In each robbery, the FBI said the man showed “a distinct black handgun with a long barrel” and demanded money. The FBI shared video from the most recent robbery at the SK Convenience Store in Hyde Park on Feb. 20, asking members of the public to watch and listen as they work to identify the person in the video. Officials asked anyone with information to contact the FBI Boston Division’s Violent Crimes Task Force at 1-857-386-2000 or to reach out online via tips.fbi.gov.

Rep. Jake Auchincloss says more accountability needed in military chain of command after documents leak

Published Tue, 18 Feb 2025 20:17:42 GMT

Massachusetts Congressman Jake Auchincloss said there needs to be more accountability in the military’s chain of command this week after the recent leak of top secret military documents. The FBI arrested Air National Guardsman Jack Teixeira earlier this month in North Dighton in connection with the leak. He is accused of posting documents online that contained sensitive information about the war in Ukraine and other military actions. Speaking with 7NEWS, Auchincloss said the Pentagon needs to change its document classification system. “The Pentagon has to answer for that both in terms of breakdowns in existing procedures and also what new procedures might be necessary,” Auchincloss, a marine veteran, said.Auchincloss continued, saying the existing classification system in the US is broken.“We both over classify information that doesn’t need to be classified, that’s classified in order to prevent embarrassment to politicians and officials and we also clearly tre...