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WILLIAMSPORT – It has been nearly three years since then President Trump handily won Lycoming County in his unsuccessful bid for reelection.
But two voters are continuing their pursuit for a forensic audit of the county’s November 2020 general election results for president.
Richard Houser and Catherine Burns, members of the conservative Patriots organization, last week filed notice they were appealing to Commonwealth Court the dismissal of their complaint in county court.
Judge Eric R. Linhardt on July 5 ruled there is no provision in the state Election Code compelling the board of elections through an independent third party to conduct the audit that was requested.
The judge further found Houser and Burns did not strictly adhere to the statutory requirements for contesting an election after the results are certified.
Lacking, according to Linhardt, was a petition of at least 100 electors who voted in the election and a verification affidavit signed by at least five of them.
A bond must be posted within five days of the petition being filed which did not occur either, he said.
As such, the court lacks jurisdiction to issue an order affecting the 2020 election, he concluded.
The appeal notice did not specify how the judge erred in his decision to dismiss the case.
The case defendants are county, its election board, voter services director Forrest K. Lehman and Commissioners Scott L. Metzger, Tony R. Mussare and Richard Mirabito.
Houser and Burns in their complaint alleged county election officials failed as required to refer to the district attorney all allegations of fraud or irregularity, he said.
Their attorney Gregory A. Stapp claims the legal action is not a challenge of the 2020 election results but the complaint sought a court order decertifying them because the audit uncovered proof of fraud.
Houser and Burns claim the commissioners were presented evidence of specific vote irregularities but they failed to investigate them.
Look Ahead America, a website operated by Matt Braynard, a former Trump official, provided 11 potential fraudulent registrations to Lehman who is alleged to have admitted six were, they said.
Houser and Burns had sought an audit similar to the recount that took place in Arizona.
President Trump defeated Joe Biden, 41,462 to 16,971, in Lycoming County in 2020.
Two other Lycoming County election-related appeals are pending before Commonwealth Court that both are challenge decisions made by Linhardt.
The state Department of State as intervenor on behalf of the county is appealing the ruling cast vote records from the 2020 election are public.
The records are a collection of spreadsheets containing raw data for each ballot but no voter identification.
A voter is appealing the ruling that affirmed the Office of Open Records decision that images of votes cast in person are not public record.
A 2019 amendment to the Election Code made public images of mail-in and absentee ballots. The issue in whether images of voted in-person ballots constitute contents of ballot boxes and thus excepted from public access.
More:
Woman responsible for CMT rejecting Jason Aldean video says she is receiving death threats
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BALTIMORE — The Archdiocese of Baltimore will be holding a gun buy back event on August 5.
The event will include a dozen community-based partners in efforts to build a coalition of peace throughout West Baltimore.
Partnering groups will will offer resources on programs that provide job training, trauma counseling, youth advocacy, gun safety education, health and wellness outreach and anti-poverty services.
Fresh food and meals will also be given away.
In a different part of the shopping center, the Baltimore Police Department will provide a safe and legal way for community members to dispose of guns.
Each handgun, rifle and shotgun is worth $200 in cash. Semiautomatic and fully-automatic assault weapons turned over are worth $300.
All weapons that are turned in will be destroyed, with excess funds going to the Archdiocese's Grief Ministry in support of the families of homicide victims.
“Catholic Charities is rooted in neighborhoods throughout Baltimore, committed to building healthier and more vibrant communities where every person has the opportunity to achieve their greatest potential,” said Bill McCarthy, executive director. “Gun violence can only be addressed if we do so together, which is why we are joining in this coalition for peace, centered on this gun buyback and community resource event.”
If you want to support the gun buy back event, click here.
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https://www.wmar2news.com/local/archdiocese-of-baltimore-to-hold-gun-buy-back-event-at-edmondson-village-shopping-center
| 2023-07-31T20:36:09
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It's official: Florida Highway Patrol has the 'best looking cruiser' in the US
It's official! Florida Highway Patrol has the "best looking cruiser" in the country after the final votes were tallied in a national state trooper competition.
State trooper agencies from around the U.S. competed in the American Association of State Troopers' contest to find out who has the best looking patrol car. Florida "chomped" away at the competition thanks to its photo of the signature black and tan patrol car alongside an alligator named Tamale from Gatorland.
"WE DID IT and we absolutely couldn't have done it without all of you who voted, shared, liked, posted & the list goes on!" FHP wrote on Facebook. "We are so thankful."
Photo: Florida Highway Patrol
The contest ended Monday and FHP received 181,071 votes. In second place was California with just over 142,000 votes.
Now that FHP won the contest, the patrol car will be featured as the cover vehicle for the 2024 American Association of State Troopers wall calendar, with proceeds going towards the AAST Foundation to support higher educational scholarships. The top 13 finishers will be highlighted, too.
"Numerous states including Florida seemed to have a fantastic time with the back and forth challenging and good-hearted ribbing. Looking at the behind-the-scenes videos in creating their photos, I think the states made some fantastic partnerships and lifelong supporters," the American Association of State Troopers said.
"We can’t thank the public enough for their participation with the voting and fun contest rhetoric. We truly enjoyed reading the back and forth of everyone supporting their state and their favorite cruiser photo! We couldn’t be happier with the positive interaction between the public and the states."
The contest reached nearly 3 million people on Facebook.
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RYE BROOK, N.Y., July 31, 2023 /PRNewswire/ -- Belle Haven Investments is proud to be Certified™ by Great Place To Work® for the second year in a row. The prestigious award is based entirely on what current employees say about their experience working at Belle Haven Investments. This year, 93% of employees said it's a great place To Work – 36 points higher than the average U.S. company.
Great Place To Work® is the global authority on workplace culture, employee experience, and the leadership behaviors proven to deliver market-leading revenue, employee retention and increased innovation.
"Great Place To Work Certification is a highly coveted achievement that requires consistent and intentional dedication to the overall employee experience," says Sarah Lewis-Kulin, the Vice President of Global Recognition at Great Place To Work. She emphasizes that Certification is the sole official recognition earned by the real-time feedback of employees regarding their company culture. "By successfully earning this recognition, it is evident that Belle Haven Investments stands out as one of the top companies to work for, providing a great workplace environment for its employees."
Matt Dalton, CEO & CIO, expressed his excitement emphasizing "We owe the Firm's continued success to our dedicated and awesome employees. We celebrate and thank them for all they do to earn this incredible recognition."
About Belle Haven Investments
Belle Haven Investments is an independent, employee-owned asset manager that focuses exclusively on fixed income. They prioritize service, reliability, and customization, nurturing long-term partnerships with their clients. Their core values - trust and communication - permeate both external client relationships and internal team dynamics. The autonomy given to employees fosters trust, driving them to deliver their best work daily. To learn more, visit: https://www.bellehaven.com/
About Great Place to Work Certification™
Great Place To Work® Certification™ is the most definitive "employer-of-choice" recognition that companies aspire to achieve. It is the only recognition based entirely on what employees report about their workplace experience – specifically, how consistently they experience a high-trust workplace. Great Place to Work Certification is recognized worldwide by employees and employers alike and is the global benchmark for identifying and recognizing outstanding employee experience. Every year, more than 10,000 companies across 60 countries apply to get Great Place To Work-Certified.
Contact:
Nicole Robbins
robbinsn@bellehaven.com
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MENLO PARK, Calif., July 31, 2023 /PRNewswire/ -- Robert Half Inc. (NYSE: RHI) announced today that its board of directors has approved a quarterly cash dividend of $0.48 per share. The cash dividend will be paid on Sept. 15, 2023, to all shareholders of record as of Aug. 25, 2023.
Robert Half is the world's first and largest specialized talent solutions and business consulting firm that connects people with meaningful work and provides companies with the talent and subject matter expertise they need to confidently compete and grow. Robert Half is the parent company of Protiviti®, a global consulting firm that provides internal audit, risk, business and technology consulting solutions. Robert Half, including Protiviti, has been named to the Fortune® Most Admired Companies™ and Most Innovative Companies lists and is a Forbes Best Employer for Diversity. Robert Half has talent solutions and consulting operations in more than 400 locations worldwide.
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SOURCE Robert Half
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https://www.kfyrtv.com/prnewswire/2023/07/31/robert-half-announces-quarterly-dividend/
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Companies combine expertise to deliver innovative technology solutions for arenas, stadiums, convention and exhibition centers, and performing arts venues
TUCSON, Ariz., July 31, 2023 /PRNewswire/ -- Simpleview and ASM Global are pleased to announce a partnership created to provide a unified network of websites and technology solutions for the ASM Global portfolio of venues. The partnership was strategically designed to develop cohesive branding powered by a best-in-class technology stack and ticketing integrations that promote visitors and drive web conversions for arenas, stadiums, convention and exhibition centers, and performing arts venues.
Simpleview, a leading provider of CRM, CMS, and marketing solutions for destinations worldwide, and ASM Global, the world's leading venue management and services company, will serve the meetings and events ecosystem; by leveraging Simpleview's advanced technology and ASM Global's extensive global network, this partnership will enable clients to create captivating digital experiences that drive engagement and ticket sales and enhance venue marketing efforts.
Highlights of the partnership include:
- Enhanced Website Capabilities: a new generation of website solutions with state-of-the-art features and functionalities equipped with user-friendly content management systems, robust event and ticketing integrations, interactive mapping tools, and seamless integration with social media platforms
- Personalized Experiences: clients can deliver tailored content and offers to individual users, ensuring a highly personalized and engaging journey for every visitor
- Mobile-Optimized Design: prioritization of mobile optimization, ensuring that websites are fully accessible across all screen sizes and platforms
- Data-Driven Insights: comprehensive analytics and reporting gain insights into visitor behavior, marketing performance, and conversion rates so venues can make informed decisions and optimize marketing strategies effectively
"ASM Global is thrilled to work in partnership with Simpleview to create a cohesive, best-in-class website solution for our diverse global portfolio of stadiums, arenas, theaters, and convention centers," said Alex Merchán, chief marketing officer at ASM Global. "From the start of this relationship, Simpleview has impressed us with its tech stack, service offering, data-driven approach, and talented team. We look forward to building and scaling this partnership in the years ahead."
About Simpleview
Simpleview is a worldwide leading provider of CRM, CMS, website design, digital marketing services, and data insights for convention bureaus, venues, tourism boards, destination marketing organizations (DMOs), and attractions. The company employs staff across the globe, serving clients of all sizes, including small towns, world capitals, top meeting destinations, and countries across multiple continents.
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SOURCE SIMPLEVIEW
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https://www.1011now.com/prnewswire/2023/07/31/simpleview-amp-asm-global-partnership-provide-cutting-edge-network-websites-portfolio-venues/
| 2023-07-31T20:36:12
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Robert F. Kennedy Jr., who is running as a Democrat against President Joe Biden, tells many stories on the campaign trail about himself, his life's work and what he stands for that are the opposite of what his record actually shows.
The Associated Press found that Kennedy's insistence that he is not anti-vaccine doesn't square with his long record of opposition to vaccines. His claims that he is a true Democrat inheriting the mantle of his famous family are contradicted by his alignment with far right figures and support from Republicans. And despite listing the environment as a campaign priority, he has pushed bitcoin — a cryptocurrency that requires massive amounts of electricity from supercomputers to generate new coins, prompting most environmental advocates to loudly oppose it.
Kennedy's campaign is widely considered a long shot, but it's gained media attention due to his famous name and the possibility that his run could weaken Biden ahead of what is expected to be a close general election in 2024.
The campaign didn't return emails seeking comment about the contradictions in his candidacy.
Here are the key takeaways from the AP’s reporting:
KENNEDY'S ANTI-VACCINE RECORD
Kennedy told a congressional committee this month: “I have never been anti-vaxx. I have never told the public to avoid vaccination.” But Kennedy has a long record of anti-vaccine comments and rose to public prominence during the COVID-19 pandemic through the work of his anti-vaccine group, Children's Health Defense.
Just this month, Kennedy said in a podcast interview that "There's no vaccine that is safe and effective" and told FOX News that he still believes in the long-ago debunked idea that vaccines can cause autism. In a 2021 podcast, he recalled telling people on hiking trails not to get their children vaccinated.
That same year, Kennedy appeared in a video promoting an anti-vaccine sticker campaign by his nonprofit. A sticker shown beside him declared “IF YOU’RE NOT AN ANTI-VAXXER YOU AREN’T PAYING ATTENTION.”
The AP found that anti-vaccine activists are at the heart of Kennedy's campaign. FEC records show several people paid to work on the campaign previously worked for Children's Health Defense.
Kennedy has also received substantial support from the anti-vaccine community.
Children’s Health Defense currently has a lawsuit pending against a number of news organizations, among them The Associated Press, accusing them of violating antitrust laws by taking action to identify misinformation, including about COVID-19 and COVID-19 vaccines.
ASSOCIATION WITH FAR RIGHT HAS RAISED KENNEDY'S PROFILE
Kennedy is running as a Democrat, yet he has aligned himself with far right figures who have worked to subvert American democracy.
He has appeared on Infowars, the channel run by Sandy Hook conspiracy theorist Alex Jones. He has granted interviews to former President Donald Trump ally Steve Bannon and Tucker Carlson. After he headlined a stop on the ReAwaken America Tour, the Christian nationalist road show put together by former Trump national security adviser Michael Flynn, he was photographed backstage with Flynn and Trump ally Roger Stone.
Those appearances have led to goodwill on the right. Trump supporters have floated a Trump-Kennedy unity ticket.
Kennedy's run is also getting financial support from the right. A super PAC supporting Kennedy's presidential run, called Heal the Divide PAC, has deep ties to Republicans, Federal Election Commission records show.
Kennedy denied knowing the PAC when it came up at a recent congressional hearing, but video available online shows he was a guest speaker at a Heal the Divide event just two days earlier.
SUPPORT FOR BITCOIN RUNS COUNTER TO ENVIRONMENTAL STANCE
Kennedy lists the environment as one of six top priorities on his campaign website and has spent many years speaking against pollution and climate change as an environmental lawyer. Yet he has made supporting the energy-intensive cryptocurrency bitcoin a key part of his platform.
Bitcoin mining, the process of generating new coins, uses massive amounts of electricity — more than some entire countries, experts say.
Kennedy has acknowledged the environmental downsides, but says he wouldn't let them hinder its use. He promotes the argument that demand for the cryptocurrency will boost investment in renewable energy projects.
Kennedy has invested between $100,001 and $250,000 in bitcoin, his financial disclosure documents show.
KENNEDY INVOKES HIS FAMOUS FAMILY, WHILE RELATIVES DENOUNCE HIM
Though Kennedy peppers his speeches, podcast appearances and campaign materials with invocations of the Democratic Party legacies of his uncle President John F. Kennedy and his father Robert F. Kennedy, his relatives have distanced themselves from him and even denounced him.
"He's trading in on Camelot, celebrity, conspiracy theories and conflict for personal gain and fame," Jack Schlossberg, President Kennedy's grandson, said of his cousin in an Instagram video earlier this month. "I've listened to him. I know him. I have no idea why anyone thinks he should be president. What I do know is, his candidacy is an embarrassment."
Kennedy's recent comments that COVID-19 could have been "ethnically targeted" to spare Ashkenazi Jews and Chinese people — which he denies were antisemitic but concedes he should have worded more carefully — also drew a condemnation from his sister, Kerry Kennedy.
___ The Associated Press receives support from several private foundations to enhance its explanatory coverage of elections and democracy. See more about AP's democracy initiative here. The AP is solely responsible for all content.
Copyright 2023 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed without permission.
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| 2023-07-31T20:36:14
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BALTIMORE COUNTY — William Christopher McCollum, a former Baltimore County official, was sentenced to six months in jail on Monday.
Back in February, McCollum was charged with multiple counts of felony theft and embezzlement.
Charging documents accused McCollum of "systematically stealing funds raised by the committees, without the knowledge of the candidates the committees sought to support."
The “Friends of Cathy Bevins” raised money to support the election of former Baltimore County Councilwoman Cathy Bevins.
Between April 23, 2015 and January 31, 2020, McCollum allegedly embezzled $111,014.89 in funds from the campaign for his personal benefit.
Prosecutors say McCollum took donor checks made out to the campaign to pay off personal credit card bills.
Other allegations suggest McCollum wrote checks from the campaign's account on their behalf to various companies, when in reality he deposited them into his own account.
The state alleges he used campaign funds for a romantic getaway to Puerto Rico, along with flights to Iceland and Florida.
None of the expenditures were reported on signed forms filed with the State Board of Elections.
Prosecutors believe McCollum was engaged in a similar scheme while serving as treasurer to the “Baltimore County Victory Slate,” a campaign committee comprised of several preferred candidates running for office in and around Baltimore County.
McCollum is said to have embezzled $31,269.63 from that committee as well.
His charges include one count of felony theft and one count of perjury.
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https://www.wmar2news.com/local/former-baltimore-county-official-sentenced-to-jail-for-embezzlement
| 2023-07-31T20:36:15
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Man possibly struck by lightning at Orlando construction site, fire department says
ORLANDO, Fla. - A man was possibly struck by lightning at a construction site in Orlando, according to the Orlando Fire Department.
The man in his late 20s called officials around 3 p.m., saying he saw a giant flash on Narcoossee Road, officials said. Next thing he knew, he was on the ground, he told the fire department.
The Orlando Fire Department said they are treating the man as if he were a lightning strike patient, but it remains unclear if lightning struck the man or just very close to him.
The man does not have the entrance and exit wounds that are typical of lightning strikes.
SEE TODAY'S FORECAST: Flood advisory issued as heavy rainfall batters Orlando
The man is in stable condition and was transported to a local hospital.
This is a developing story.
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https://www.fox35orlando.com/news/man-possibly-struck-by-lightning-at-orlando-construction-site-fire-department-says
| 2023-07-31T20:36:15
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https://www.fox35orlando.com/news/man-possibly-struck-by-lightning-at-orlando-construction-site-fire-department-says
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- VOXZOGO® Growth Continued in the Second Quarter Driven by Global Demand Resulting in Increased Full Year 2023 Guidance
- Pivotal Program with VOXZOGO in New, Potential Second Indication, Hypochondroplasia, to Begin in the Fourth Quarter of 2023
- U.S. Approval of ROCTAVIAN™ Received in the Second Quarter and Commercial Launch Underway; Commercial Launch in Europe Making Progress
SAN RAFAEL, Calif., July 31, 2023 /PRNewswire/ -- BioMarin Pharmaceutical Inc. (NASDAQ: BMRN) today announced financial results for the six months and second quarter ended June 30, 2023.
"Outstanding execution across our business led to record revenues in the first half of 2023. We reached more children with VOXZOGO around the world, as physicians and families sought treatment with the only approved medicine targeting the genetic cause of achondroplasia," said Jean-Jacques Bienaimé, Chairman and Chief Executive Officer of BioMarin. "We were also very pleased to have received the highly anticipated U.S. approval of ROCTAVIAN, the only gene therapy treatment for severe hemophilia A. U.S. commercial launch activities are well underway following the June 29 approval, in parallel with launch progress across a number of European countries."
Mr. Bienaimé added, "for the remainder of 2023, we plan to build on the foundation of growth and profitability achieved in the first half of the year, expand VOXZOGO globally and treat the first ROCTAVIAN patients in the U.S. and Europe."
Financial Highlights:
- Total Revenues for the second quarter of 2023 were $595.3 million, an increase of 12% compared to the same period in 2022. The increase in Total Revenues was primarily attributed to the following:
- GAAP and Non-GAAP Net Income increased by $28.3 million and $28.4 million, respectively, for the second quarter of 2023 compared to the same period in 2022. The increased net income was primarily due to higher gross profit and interest income, partially offset by higher spend in research and development programs to support both early-stage research and clinical activities, as well as higher selling, general and administrative expenses due to higher foreign currency losses and to support the commercial launches of VOXZOGO and ROCTAVIAN.
Recent Product Approvals and Launches (ROCTAVIAN and VOXZOGO)
- On June 29, 2023 the FDA approved ROCTAVIAN gene therapy for the treatment of adults with severe hemophilia A (congenital factor VIII (FVIII) deficiency with FVIII activity < 1 IU/dL) without antibodies to adeno-associated virus serotype 5 (AAV5) detected by an FDA-approved test. The FDA approval is based on data from the global Phase 3 GENEr8-1 study, the largest Phase 3 trial of any gene therapy in hemophilia. The one-time, single-dose infusion is the first approved gene therapy for severe hemophilia A in the U.S. ROCTAVIAN was first conditionally approved by the European Commission in August 2022.
Following FDA approval, the Company activated its U.S.-based salesforce and communicated that ROCTAVIAN is expected to be available for commercial use in August. BioMarin estimates that there are approximately 2,500 people living with severe hemophilia A in the United States who are eligible for treatment and receiving care at approximately 140 hemophilia treatment centers. - In Europe, BioMarin continues to make progress on the pricing and reimbursement process for ROCTAVIAN in Germany, France and Italy to facilitate access. BioMarin is working directly with the German National Association of Statuary Health Insurance Funds (GKV) to finalize access to ROCTAVIAN. At present, people in Germany with severe hemophilia A, who are eligible for treatment with ROCTAVIAN, can access treatment through either Named Patient authorizations or previously secured Outcomes Based Agreements. In France and Italy, BioMarin is working directly with the single public insurance funds in each country to secure reimbursement and access to ROCTAVIAN, expected later in 2023.
- As of the end of June 2023, more than 2,000 children with achondroplasia were being treated with VOXZOGO across 36 active markets. In the second quarter, patient growth remained strong worldwide. Based on these trends, today BioMarin updated full-year 2023 VOXZOGO guidance to between $400 million and $440 million. VOXZOGO is currently approved for the treatment of children 2 years old and older in Europe, for children 5 years old and older in the U.S., and approved for all ages from birth in Japan.
VOXZOGO and ROCTAVIAN Market Expansion Opportunities
- Today, BioMarin announced its plan to begin enrollment in the pivotal program with VOXZOGO for the treatment of children with hypochondroplasia, a condition characterized by impaired bone growth. Hypochondroplasia is a genetic statural condition caused by a mutation (gene change) in the fibroblast growth factor receptor-3 (FGFR3) gene.
Leveraging years of safety data from the VOXZOGO development program in achondroplasia, emerging data from an investigator-led Phase 2 study and following receipt of feedback from FDA, BioMarin plans to begin the 6-month observation arm of the study later this year, followed by the 52-week randomized, double-blind, placebo-controlled phase of the 80-participant clinical trial. If successful, BioMarin believes this study will be able to support regulatory approval in this large indication. - In the coming months in the U.S. and Europe, the Company expects to learn the outcome of its request to expand VOXZOGO access to younger age groups, based on favorable results from a Phase 2 study in infants and young children and the importance of starting treatment as early as feasible. Age expansions would provide access to treatment with VOXZOGO to more than 1,000 additional children in the U.S. and Europe.
- Additional product expansion opportunities with ROCTAVIAN continue, including a clinical study investigating ROCTAVIAN treatment in those with active or prior inhibitors and continued exploration of methods of administering ROCTAVIAN in people with pre-existing antibodies against AAV5.
Earlier-stage Development Portfolio (BMN 255, BMN 331, BMN 351, BMN 349, BMN 293)
- BioMarin plans to showcase its Research and Development capabilities and earlier-stage product candidate updates at its R&D Day on September 12, 2023. Details on accessing the live event will be available on BioMarin's website in early September.
- BMN 255 for hyperoxaluria in chronic liver disease: The Company has concluded the multi-ascending dose study with BMN 255 in healthy human volunteers. Based on early data demonstrating a rapid and potent increase in plasma glycolate following treatment with BMN 255, BioMarin plans to open enrollment in an expanded study in patients with chronic liver disease and hyperoxaluria in the second half of 2023. The Company believes the availability of a potent, orally bioavailable, small molecule like BMN 255 may be able to significantly reduce disease and treatment burden in a patient population with significant unmet need.
- BMN 331 gene therapy product candidate for Hereditary Angioedema (HAE): Dosing continues in the Phase 1/2 HAERMONY study to evaluate BMN 331, an investigational AAV5-mediated gene therapy for people living with HAE. In January 2023, BioMarin shared that the first participant treated with the 6e13vg/kg dose demonstrated C1-Inhibitor levels that were approaching the therapeutically relevant range. In March 2023, the second sentinel participant was safely dosed at 6e13vg/kg and this individual has had a similar initial response. BioMarin will continue to monitor the trajectory of expression in these two individuals before deciding on next steps in this program.
- BMN 351 for Duchenne Muscular Dystrophy (DMD): Investigational New Drug application (IND)-enabling activities continue with BMN 351, an antisense oligonucleotide therapy for individuals with exon 51-skip-amenable DMD. BMN 351 was developed using familiar chemistry and superior biology, by targeting a novel, splice enhancer site demonstrating improved binding affinity and tolerability in preclinical models. Preclinical data suggest that restored expression of near-full-length dystrophin protein at levels of up to 40% will convert phenotypes from rapid loss to durable preservation of strength and ambulation.
- BMN 349 for alpha-1 antitrypsin deficiency: Preclinical studies have demonstrated that BMN 349 is an orally bioavailable, small molecule that preferentially sequesters mutant protein, preventing polymerization in liver cells that drive the progressive liver disease form of the illness. In preclinical studies BMN 349 is titratable to effect, with rapid onset and high potency. Preclinical results have strong implications for potential improvement of current management, particularly for severe liver disease requiring rapid action. IND enabling studies are concluding and BioMarin plans to submit the IND in the second half of 2023.
- BMN 293 for MYBPC3 hypertrophic cardiomyopathy (HCM): Mutations in the MYBPC3 gene are the most common cause of inherited HCM. Early investigations suggest that gene therapy-mediated gene transfer can lead to widespread expression of the gene product, cardiac myosin-binding protein C (MyBP-C), in cardiac tissue, which can normalize cardiac hypertrophy, improve relaxation kinetics and potentially alleviate functional deficits in individuals suffering from cardiomyopathy. IND enabling studies are underway and have incorporated pre-IND feedback from the FDA. BioMarin's goal is to submit an IND for BMN 293 in the second half of 2023.
2023 Full-Year Financial Guidance (in millions, except % and EPS amounts) (Updated)
BioMarin will host a conference call and webcast to discuss second quarter 2023 financial results today, Monday, July 31, 2023, at 4:30 p.m. ET. This event can be accessed through this link or on the investor section of the BioMarin website at www.biomarin.com.
About BioMarin
Founded in 1997, BioMarin is a global biotechnology company dedicated to transforming lives through genetic discovery. The Company develops and commercializes targeted therapies that address the root cause of genetic conditions. BioMarin's robust research and development capabilities have resulted in multiple innovative commercial therapies for patients with rare genetic disorders. The Company's distinctive approach to drug discovery has produced a diverse pipeline of commercial, clinical, and pre-clinical candidates that address a significant unmet medical need, have well-understood biology, and provide an opportunity to be first-to-market or offer a substantial benefit over existing treatment options. For additional information, please visit www.biomarin.com.
Forward-Looking Statements
This press release and the associated conference call and webcast contain forward-looking statements about the business prospects of BioMarin Pharmaceutical Inc. (BioMarin), including, without limitation, statements about: the expectations of Total Revenues, Net Product Revenues, Enzyme Product Revenues, Gross Profit, Research and Development Expense (R&D), Selling, General and Administrative Expense (SG&A), GAAP Net Income, Non-GAAP Income, GAAP Diluted EPS and Non-GAAP Diluted EPS for the full-year 2023; cash flows from operating activities; the timing of orders for commercial products; the timing of BioMarin's clinical development and commercial prospects, including announcements of data from clinical studies and trials; the clinical development and commercialization of BioMarin's product candidates and commercial products, including (i) the potential to leverage VOXZOGO in conditions beyond achondroplasia, such as hypochondroplasia, (ii) the results from clinical studies regarding product expansion opportunities for ROCTAVIAN, (iii) BioMarin's plans to initiate and enroll an expanded study of BMN 255 in the second half of 2023, (iv) BioMarin's plan to submit an IND for BMN 349 in the second half of 2023, and (v) BioMarin's goal to submit an IND for BMN 293 in the second half of 2023; the potential approval and commercialization of BioMarin's product candidates, including commercialization of ROCTAVIAN for the treatment of severe hemophilia A in the U.S. following FDA approval in June 2023, and the timing of such approval decisions and product launches, including (i) the anticipated start and growth of commercial sales of VOXZOGO in additional countries, and (ii) BioMarin's expectation that U.S. and EU health authorities take action on its supplemental marketing applications for VOXZOGO in the coming months and the number of additional children that will be eligible for VOXZOGO if such age expansions are accepted; the expected benefits and availability of BioMarin's product candidates; and potential growth opportunities and trends, including that BioMarin expects accelerated growth of VOXZOGO revenues as the product launch continues in future quarters and that BioMarin expects growth of ROCTAVIAN revenues as the product's access is expanded in Europe and following commercial launch in the U.S.
These forward-looking statements are predictions and involve risks and uncertainties such that actual results may differ materially from these statements. These risks and uncertainties include, among others: BioMarin's success in the commercialization of its commercial products, impacts of macroeconomic and other external factors on BioMarin's operations; results and timing of current and planned preclinical studies and clinical trials and the release of data from those trials; BioMarin's ability to successfully manufacture its commercial products and product candidates; the content and timing of decisions by the FDA, the European Commission and other regulatory authorities concerning each of the described products and product candidates; the market for each of these products; actual sales of BioMarin's commercial products; the introduction of generic versions of BioMarin's commercial products, in particular generic versions of KUVAN; and those factors detailed in BioMarin's filings with the Securities and Exchange Commission (SEC), including, without limitation, the factors contained under the caption "Risk Factors" in BioMarin's Quarterly Report on Form 10-Q for the quarter ended March 31, 2023 as such factors may be updated by any subsequent reports. Stockholders are urged not to place undue reliance on forward-looking statements, which speak only as of the date hereof. BioMarin is under no obligation, and expressly disclaims any obligation to update or alter any forward-looking statement, whether as a result of new information, future events or otherwise.
BioMarin®, BRINEURA®, KUVAN®, NAGLAZYME®, PALYNZIQ®, VIMIZIM® and VOXZOGO® are registered trademarks of BioMarin Pharmaceutical Inc., or its affiliates. ROCTAVIANTM is a trademark of BioMarin Pharmaceutical Inc. ALDURAZYME® is a registered trademark of BioMarin/Genzyme LLC. All other brand names and service marks, trademarks and other trade names appearing in this release are the property of their respective owners.
Non-GAAP Information
The results presented in this press release include both GAAP information and Non-GAAP information. Non-GAAP Income is defined by the Company as GAAP Net Income excluding amortization expense, stock-based compensation expense, contingent consideration expense, and, in certain periods, certain other specified items, as detailed below when applicable. The Company also includes a Non-GAAP adjustment for the estimated tax impact of the reconciling items. Non-GAAP Diluted EPS is defined by the Company as Non-GAAP Income divided by Non-GAAP diluted shares outstanding
BioMarin regularly uses both GAAP and Non-GAAP results and expectations internally to assess its financial operating performance and evaluate key business decisions related to its principal business activities: the discovery, development, manufacture, marketing and sale of innovative biologic therapies. Because Non-GAAP Income, Non-GAAP Diluted EPS and Non-GAAP Diluted Shares are important internal measurements for BioMarin, the Company believes that providing this information in conjunction with BioMarin's GAAP information enhances investors' and analysts' ability to meaningfully compare the Company's results from period to period and to its forward-looking guidance, and to identify operating trends in the Company's principal business. BioMarin also uses Non-GAAP Income internally to understand, manage and evaluate its business and to make operating decisions, and compensation of executives is based in part on this measure.
Non-GAAP Income and its components are not meant to be considered in isolation or as a substitute for, or superior to comparable GAAP measures and should be read in conjunction with the consolidated financial information prepared in accordance with GAAP. Investors should note that the Non-GAAP information is not prepared under any comprehensive set of accounting rules or principles and does not reflect all of the amounts associated with the Company's results of operations as determined in accordance with GAAP. Investors should also note that these Non-GAAP financial measures have no standardized meaning prescribed by GAAP and, therefore, have limits in their usefulness to investors. In addition, from time to time in the future there may be other items that the Company may exclude for purposes of its Non-GAAP financial measures; likewise, the Company may in the future cease to exclude items that it has historically excluded for purposes of its Non-GAAP financial measures. Because of the non-standardized definitions, the Non-GAAP financial measure as used by BioMarin in this press release and the accompanying tables may be calculated differently from, and therefore may not be directly comparable to, similarly titled measures used by other companies.
The following tables present the reconciliation of GAAP reported to Non-GAAP adjusted financial information:
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https://www.kbtx.com/prnewswire/2023/07/31/biomarin-announces-strong-second-quarter-2023-results-record-breaking-revenues-first-half-2023-including-13-year-over-year-growth-year-to-date/
| 2023-07-31T20:36:16
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BALTIMORE, July 31, 2023 /PRNewswire/ -- T. Rowe Price Group, Inc. (NASDAQ-GS: TROW) announced today that its Board of Directors has declared a quarterly dividend of $1.22 per share payable September 28, 2023, to stockholders of record as of the close of business on September 15, 2023.
ABOUT T. ROWE PRICE
Founded in 1937, T. Rowe Price (NASDAQ: TROW) helps people around the world achieve their long-term investment goals. As a large global asset management company known for investment excellence, retirement leadership, and independent proprietary research, the firm is built on a culture of integrity that puts client interests first. Investors rely on the award-winning firm for its retirement expertise and active management approach of equity, fixed income, alternatives, and multi-asset investment capabilities. T. Rowe Price manages $1.40 trillion in assets under management as of June 30, 2023, and serves millions of clients globally. News and other updates can be found on Facebook, Instagram, LinkedIn, Twitter, YouTube, and troweprice.com/newsroom.
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https://www.1011now.com/prnewswire/2023/07/31/t-rowe-price-group-declares-quarterly-dividend/
| 2023-07-31T20:36:18
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SAN JOSE, Calif., July 31, 2023 /PRNewswire/ -- Sanmina Corporation ("Sanmina" or the "Company") (NASDAQ: SANM), a leading integrated manufacturing solutions company, today reported financial results for the fiscal third quarter ended July 1, 2023 and outlook for its fiscal fourth quarter ending September 30, 2023.
"Our third quarter results were in line with our outlook. We continue to execute well and deliver consistent operating margins and solid cash generation," stated Jure Sola, Chairman and Chief Executive Officer. "Our strong performance in the first nine months and achievement of our outlook for the fourth quarter would result in fiscal 2023 revenue growth of approximately 14 percent and non-GAAP EPS growth of approximately 35 percent. The team remains focused on excellence in quality, delivery and consistently meeting the needs of our customers. We have a strong foundation and promising future," Sola concluded.
Fourth Quarter Fiscal 2023 Outlook
The following outlook is for the fiscal fourth quarter ending September 30, 2023. These statements are forward-looking and actual results may differ materially.
- Revenue between $2.1 billion to $2.2 billion
- GAAP diluted earnings per share between $1.24 to $1.34
- Non-GAAP diluted earnings per share between $1.47 to $1.57
Safe Harbor Statement
The statements above concerning our financial outlook for the fourth quarter fiscal 2023 and our expectations for growth in revenue and non-GAAP earnings per share in fiscal 2023 should such outlook be achieved, constitute forward-looking statements within the meaning of the safe harbor provisions of Section 21E of the Securities Exchange Act of 1934. Actual results could differ materially from those projected in these statements as a result of a number of factors, most notably ongoing supply chain constraints and geopolitical uncertainty, including from the conflict in Ukraine. Other factors that could cause our results to differ from our forward-looking statements include adverse changes to the key markets we target; significant uncertainties that can cause our future sales and net income to be variable; reliance on a small number of customers for a substantial portion of our sales; risks arising from our international operations; and the other risk factors set forth in the Company's annual and quarterly reports filed with the Securities Exchange Commission.
The Company is under no obligation to (and expressly disclaims any such obligation to) update or alter any of the forward-looking statements made in this earnings release, the conference call or the Investor Relations section of our website whether as a result of new information, future events or otherwise, unless otherwise required by law.
Company Conference Call Information
Sanmina will hold a conference call to review its financial results for the third quarter and outlook for the fourth quarter of fiscal 2023 on Monday, July 31, 2023 at 5:30 p.m. ET (2:30 p.m. PT). The access numbers are: domestic 833-816-1390 and international 412-317-0483. The conference will also be webcast live over the Internet. You can log on to the live webcast at Q3 Webcast Link. Additional information in the form of a slide presentation is available on Sanmina's website at www.sanmina.com. A replay of the conference call will be available for 48-hours. The access numbers are: domestic 877-344-7529 and international 412-317-0088, access code is 1520057.
About Sanmina
Sanmina Corporation, a Fortune 500 company, is a leading integrated manufacturing solutions provider serving the fastest growing segments of the global Electronics Manufacturing Services (EMS) market. Recognized as a technology leader, Sanmina provides end-to-end manufacturing solutions, delivering superior quality and support to Original Equipment Manufacturers (OEMs) primarily in the industrial, medical, defense and aerospace, automotive, communications networks and cloud infrastructure markets. Sanmina has facilities strategically located in key regions throughout the world. More information about the Company is available at www.sanmina.com.
Sanmina Contact
Paige Melching
SVP, Investor Communications
408-964-3610
Schedule 1
The statements above and financial information provided in this earnings release include non-GAAP measures of operating income, operating margin, net income, diluted earnings per share and pre-tax return on invested capital (ROIC). Management excludes from these measures stock-based compensation, restructuring, acquisition and integration expenses, impairment charges, amortization charges and other unusual or infrequent items, as adjusted for taxes, as more fully described below.
Management excludes these items principally because such charges or benefits are not directly related to the Company's ongoing core business operations. We use such non-GAAP measures in order to (1) make more meaningful period-to-period comparisons of the Company's operations, both internally and externally, (2) guide management in assessing the performance of the business, internally allocating resources and making decisions in furtherance of Company's strategic plan, (3) provide investors with a better understanding of how management plans and measures the business and (4) provide investors with a better understanding of our ongoing, core business. The material limitations to management's approach include the fact that the charges, benefits and expenses excluded are nonetheless charges, benefits and expenses required to be recognized under GAAP and, in some cases, consume cash which reduces the Company's liquidity. Management compensates for these limitations primarily by reviewing GAAP results to obtain a complete picture of the Company's performance and by including a reconciliation of non-GAAP results to GAAP results in its earnings releases.
Additional information regarding the economic substance of each exclusion, management's use of the resultant non-GAAP measures, the material limitations of management's approach and management's methods for compensating for such limitations is provided below.
Stock-based Compensation Expense, which consists of non-cash charges for the estimated fair value of equity awards granted to employees and directors, is excluded in order to permit more meaningful period-to-period comparisons of the Company's results since the Company grants different amounts and value of equity awards each quarter. In addition, given the fact that competitors grant different amounts and types of equity awards and may use different valuation assumptions, excluding stock-based compensation permits more accurate comparisons of the Company's core results with those of its competitors.
Restructuring, Acquisition and Integration Expenses, which consist of severance, lease termination costs, exit costs, environmental investigation, remediation and related costs and other charges primarily related to closing and consolidating manufacturing facilities and those associated with the acquisition and integration of acquired businesses, are excluded because such charges (1) can be driven by the timing of acquisitions and exit activities which are difficult to predict, (2) are not directly related to ongoing business results and (3) generally do not reflect expected future operating expenses. In addition, given the fact that the Company's competitors complete acquisitions and adopt restructuring plans at different times and in different amounts than the Company, excluding these charges or benefits permits more accurate comparisons of the Company's core results with those of its competitors. Items excluded by the Company may be different from those excluded by the Company's competitors and restructuring and integration expenses include both cash and non-cash expenses. Cash expenses reduce the Company's liquidity. Therefore, management also reviews GAAP results including these amounts.
Impairment Charges, which consist of non-cash charges, are excluded because such charges are non-recurring and do not reduce the Company's liquidity. In addition, given the fact that the Company's competitors may record impairment charges at different times, excluding these charges permits more accurate comparisons of the Company's core results with those of its competitors.
Amortization Charges, which consist of non-cash charges impacted by the timing and magnitude of acquisitions of businesses or assets, are also excluded because such charges do not reduce the Company's liquidity. In addition, such charges can be driven by the timing of acquisitions, which is difficult to predict. Excluding these charges permits more accurate comparisons of the Company's core results with those of its competitors because the Company's competitors complete acquisitions at different times and for different amounts than the Company.
Other Unusual or Infrequent Items, such as charges or benefits associated with distressed customers, expenses, charges and recoveries relating to certain legal matters, gains and losses on sales of assets, deferred tax adjustments and discrete tax items, are excluded because such items are typically non-recurring, difficult to predict or not directly related to the Company's ongoing or core operations and are therefore not considered by management in assessing the current operating performance of the Company and forecasting earnings trends. However, items excluded by the Company may be different from those excluded by the Company's competitors. In addition, these items include both cash and non-cash expenses. Cash expenses reduce the Company's liquidity. Management compensates for these limitations by reviewing GAAP results including these amounts.
Adjustments for Taxes, which consist of the tax effects of the various adjustments that we exclude from our non-GAAP measures, and adjustments related to deferred tax and discrete tax items. Including these adjustments permits more accurate comparisons of the Company's core results with those of its competitors. We determine the tax adjustments based upon the various applicable effective tax rates. In those jurisdictions in which we do not expect to realize a tax cost or benefit (due to a history of operating losses or other factors), a reduced tax rate is applied.
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| 2023-07-31T20:36:18
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DADE CITY, Fla. — An 11-year-old dirt bike rider died on Sunday after he was struck by another rider at a Florida motocross track, authorities said.
According to the Dade City Police Department, the boy was riding an 85cc dirt bike at Dade City Motocross at about 10 a.m. EDT when he crashed after completing a jump over a hill, the Tampa Bay Times reported. The boy, whose name has not been released because he was a minor, got up and was picking up his bike, but then was struck by another rider who was jumping the same hill, according to the newspaper.
The boy was struck in the upper torso, Pasco News Online reported.
11-year-old killed after being struck by dirt bike at Dade City Motocross track, police sayhttps://t.co/PKuadh0vi1 pic.twitter.com/PotPuykjY3
— WFLA NEWS (@WFLA) July 30, 2023
First responders at the raceway went to the boy’s side and began assessing his injuries, WFLA-TV reported. Medical personnel called for Pasco County Fire Rescue due to the extent of the boy’s injuries in his shoulder area, according to the television station.
The Hillsborough County Medical Examiner notified Dade City police at about 2 p.m. EDT that the boy had died from his injuries, the Times reported.
An investigation is ongoing, according to WFLA.
Dade City, in Pasco County, is 38 miles northeast of Tampa and 63 miles west of Orlando.
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| 2023-07-31T20:36:21
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FINKSBURG, Md. — With some new homes starting in the 800 thousands, a new fee on new single-family homes may not seem like that much, but it is to Lamotte Shipley, who is in the process of building his new home in Finksburg.
“$3,000 makes a difference, because there’s a lot of costs involved in building a house that have been mandated by new codes,” said Shipley.
Increased lumber requirements, sprinkler systems and mandatory dry wells for runoff have all ran up prices in recent years, but new homes bring new students into the public schools and the board of county commissioners has approved a new fee to help renovate and build new schools to meet that growth.
“Last year and this year the school have started to grow again and so we discussed, like they do every year, what amount do we set the school impact fee and we chose $3,000,” said Carroll County Commissioner Kenny Kiler.
The county hasn’t placed an impact fee on new homes since 2012 and at that time it was $6,300 or more than two times what it’s tacking on today.
Questions remain over why it’s only new construction, which will pay the fee.
“It would probably be better if it was split amongst all people, because this house could sell to a new family and then their kids go to school and they don’t pay for that,” said Shipley.
“I’m very much more pro user fees that the people building a new house pay this,” countered Kiler, “Not my mother or grandmother who pay taxes.”
The new fee on single-family construction will begin with permits sought starting September 1, with additional as yet undetermined fees to follow on newly-built town houses, duplexes and condos.
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| 2023-07-31T20:36:21
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Can Orlando City overcome Messi, Inter Miami in Leagues Cup showdown? See latest odds
MIAMI, Fla. - Orlando City SC will travel to South Florida to face Lionel Messi and Inter Miami CF in the Leagues Cup on Wednesday – but do they even have a chance of winning?
The latest odds from Oddspedia and FanDuel favor Miami (-132), but Orlando isn't out of the game yet with odds at +280. A draw has odds of +270 as of Monday afternoon.
In the 10 matches that the two Florida teams have played against each other, Orlando City has come out on top most of the time, 6-2-2.
This marks the first time Orlando City will face Inter Miami with Messi at the helm, however.
The Argentine soccer star made his Inter Miami debut on July 21 and scored the winning goal off a free kick, breaking the internet in the process. Wednesday marks his third-ever game for the David Beckham-owned squad.
Inter Miami CF is scheduled to host Orlando City in the Leagues Cup Round of 32 on Wednesday. The time is still TBD. Viewers can watch the match on a paid streaming service.
The winner will face either FC Dallas or Mazatlán FC in the Round of 16, according to the MLS.
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https://www.fox35orlando.com/sports/can-orlando-city-overcome-messi-inter-miami-in-leagues-cup-showdown-see-latest-odds
| 2023-07-31T20:36:21
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Imagine stepping on stage with your favorite artist in VR from your browser. Discover secret rooms, join live Q&As with other fans, shop for merch, and more. Connect with your audience like never before.
NEW YORK, July 31, 2023 /PRNewswire/ -- BR Marketing Group, a leading luxury brand marketing agency in NYC, is excited to offer its new Web Virtual Reality (WebVR) service to clients worldwide. With this service, clients can create memorable marketing experiences in WebVR. WebVR is a technology that allows users to enjoy virtual reality from their browsers, without any extra hardware or software.
BR Marketing Group has a team of creative experts who design and promote WebVR experiences that capture the unique essence of each brand. Whether it's a concert, a store, a gallery, or more BR Marketing Group can bring it to life in WebVR.
"Our service stands out because we embrace the future. We know how innovative technologies like WebVR can transform the customer experience," said Andrea Canas, CEO of BR Marketing Group.
- Drake, global superstar, has recently taken his concerts and online store to the next level by adding immersive technology for an interactive virtual experience. He is not alone. Luxury brands and artists are following suit.
- Revenue in the VR Advertising market is projected to reach US$161.70m in 2023, revenue is expected to show an annual growth rate (CAGR 2023-2027) of 2.33%, resulting in a projected market volume of US$177.30m by 2027, according to a recent study.
WebVR is still a new and fast-growing tech, able to give immersive, interactive, awe-inspiring experiences. WebVR also connects with IRL events, enabling users to explore real-world objects, locations, and people through VR.
To get more info on WebVR or work with BR Marketing Group for your next virtual or IRL event, visit us at brmarketgroup.com or call 332-600-4466.
About BR Marketing Group
As one of the first creative agencies to offer WebVR immersive services, BR Marketing Group combines its web development, design, and marketing skills to create amazing VR events that connect the virtual and physical worlds.
BR Marketing Group is a leading luxury brand marketing agency in NYC, led by Andrea Cañas, a visionary Latina leader. She and her team of creative experts' craft captivating and unforgettable marketing experiences that bring out the unique essence of each brand they work with.
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https://www.kbtx.com/prnewswire/2023/07/31/br-marketing-group-launches-webvr-immersive-service-new-way-boost-brand-loyalty-engagement/
| 2023-07-31T20:36:22
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CHARLOTTE, N.C., July 31, 2023 /PRNewswire/ -- Ten Oaks Group, a recognized family office and standout in the corporate carve out sector, proudly announces the addition of four exceptional professionals to its esteemed team of Operating Partners. The recent hiring of James Deng, Greg Warren, David Izquierdo, and Lauren Celano underscores Ten Oaks Group's commitment to bringing accomplished talent with diverse capabilities and amplifying its capacity for turnaround, legal, and international investment exceptionalism.
James Deng assumes the position of Operating Partner at Ten Oaks Group. Prior to joining, he was a Vice President at Audax Private Equity supporting value creation initiatives. James has also served as Director of Revenue Growth Management at Keurig Dr Pepper and a management consultant at Ernst & Young focused on Corporate and Growth Strategy.
Greg Warren brings a wealth of legal and restructuring knowledge as he joins as Assistant General Counsel and Operating Partner. Greg previously was a member of White & Case LLP's financial restructuring and insolvency practice, representing debtors and creditors both in and out of bankruptcy. Greg has experience in operational, corporate, and financial matters, as well as litigation and acquisitions.
David Izquierdo joins as an Operating Partner focused on Ten Oaks Group's European portfolio companies. Prior to Ten Oaks, David focused on designing and implementing strategic and transformation programs across a wide variety of industries in roles in corporate development at Selenis and management consulting at Monitor Deloitte and PwC.
Lastly, Lauren Celano joins the team as Associate Operating Partner, leveraging her vast experience from the healthcare and pharmaceutical industries, where she also led business development efforts. Additionally, she has experience at Alvarez & Marsal and other private equity and venture capital firms.
"At Ten Oaks Group, we believe that attracting top-notch talent is essential for leading value creation efforts for our portfolio," said Kendall Thurlow, head of value creation at Ten Oaks Group. "Lauren, James, David, and Greg embody the caliber of professionals we seek to bring on board, and we are excited to welcome them as valuable members of our team of Operating Partners."
Ten Oaks Group is committed to cultivating a dynamic and growth-oriented environment for its practitioners. With a commitment to fostering private equity careers, the company offers comprehensive opportunities for professional development and advancement.
To learn more about the background and expertise of the newly hired Operating Partners and explore potential career opportunities with Ten Oaks Group, visit www.tenoaksgroup.com.
About Ten Oaks Group:
Ten Oaks Group is a family office focused exclusively on investing in corporate divestitures. It brings speed, flexibility and certainty to divestitures of non-core businesses that no longer fit their parent company's corporate strategy. Following acquisition, Ten Oaks Group leverages its experienced team of Operating Partners to manage the transition and separation process and implement operational strategies that reveal and optimize the underlying potential of each business.
Each company within Ten Oaks Group operates independently under its own dedicated management team and receives management support services from Ten Oaks Management, LLC. Ten Oaks Group was founded by Matt Magan and Mike Hahn and has closed 25 carve-out transactions across 10 countries since inception.
To learn more about Ten Oaks Group's unique approach to corporate divestitures, please visit www.tenoaksgroup.com.
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| 2023-07-31T20:36:25
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SEATTLE, July 31, 2023 /PRNewswire/ -- Seabourn, the leader in ultra-luxury voyages and expedition travel, took delivery of its second expedition ship, Seabourn Pursuit, today during an official handover maritime ceremony at the T. Mariotti shipyard in Genoa, Italy. Seabourn Pursuit is the company's second purpose-built, ultra-luxury expedition ship and the newest expedition ship in the industry.
"I am honored to share this incredible moment with the entire Seabourn family as we welcome Seabourn Pursuit, our highly anticipated second ultra-luxury expedition ship, into our fleet," expressed Natalya Leahy, Seabourn President. "With remarkable craftsmanship by the Mariotti team, an abundance of space, and the breathtaking style of Tihany Design, Seabourn Pursuit raises the bar for ultra-luxury expedition travel. We are grateful to Mariotti and Tihany Design for their expertise in shaping and making our dream come true for our guests."
Leahy added that the state-of-the-art Seabourn Pursuit will provide the perfect combination of luxury and expedition. "Seabourn Pursuit offers the best of both worlds: our well-known signature luxury and elegance with the world of exploration and adventure. The ship is masterfully designed for our guests, who are extraordinary people looking for out of the ordinary experiences. Our guests will indulge in Seabourn's ultra-luxury style and enjoy our intuitive, personalized service, while the ship takes them to awe-inspiring destinations around the world that only few will ever visit in a lifetime."
"Today, one year after the delivery of Seabourn Venture, we are very happy to have completed and delivered her sister ship, Seabourn Pursuit," said Marco Ghiglione, Managing Director of T. Mariotti. "We are truly proud to have built the most outstanding ultra-luxury expedition ship for Seabourn, one of the leading cruise lines in the luxury market. This is another important masterpiece for Italian shipbuilding coming out of T. Mariotti shipyard, demonstrating again that our leadership in this sector is well consolidated. Thanks to Seabourn, all people involved in this journey, Lloyd's Register and the pencil of Adam Tihany, here is the new expedition jewel."
Seabourn Pursuit offers the same luxurious "yacht like" small ship experience that travelers have come to expect from Seabourn, enhanced by world-class equipment that allows the line to offer its widest range of expedition activities led by an expert 24-person expedition team of scientists, scholars, naturalists, and more. Seabourn Pursuit is designed and built for remote, diverse environments to PC6 Polar Class standards and will include a plethora of modern hardware and technology that will extend the ship's global deployment and capabilities. Seabourn Pursuit has close to 30,000 square feet of deck space and special touches at every turn. Those include indoor and outdoor guest areas with nearly 270-degree views, and a 4K GSS Cineflex Camera mounted on the mast of the Constellation Lounge capable of broadcasting imagery from miles ahead on monitors located throughout the ship and in guest suites.
In addition, Seabourn Pursuit, like the rest of the ships in the Seabourn fleet, offers an abundance of space and elegance, eight dining facilities serving gourmet cuisine, and luxurious all-suite accommodations, including a pair of two-level Wintergarden suites.
Seabourn Pursuit is scheduled to enter service August 12, 2023, and will sail five voyages in the Mediterranean before embarking on two voyages across the Atlantic and through the Caribbean. On October 10, 2023, the ship will arrive in Barbados to begin its expedition journeys, taking guests to remote corners of the globe. Seabourn Pursuit will head south for expeditions exploring coastal South America, the Amazon, and Antarctica into late March 2024.
Following its inaugural Antarctic season, the ship will head across the islands of the South Pacific and eventually to Australia, which will be the start of the line's first exploration of the Kimberley region in the Northern Territory and Western Australia between June and August 2024. The iconic Kimberley, with its red sandstone gorges, rivers, waterfalls, wildlife, and Aboriginal life and history, is the ideal setting for a truly, world-class expedition experience. In addition to the Kimberley, Seabourn Pursuit will visit Papua New Guinea, West Papua, Indonesia, and sail across the South Pacific between Chile and Melanesia between March and October 2024.
For more details about Seabourn, or to explore the worldwide selection of Seabourn cruising options, contact a professional travel advisor, call Seabourn at 1-800-929-9391 or visit www.seabourn.com.
About Seabourn:
Seabourn represents the pinnacle of ultra-luxury ocean and expedition travel and operates a suite of six modern ships with one under construction. The all-inclusive, boutique ships offer all-suite accommodations with oceanfront views; award-winning dining; complimentary premium spirits and fine wines available at all times; renowned service provided by an industry-leading crew; a relaxed, sociable atmosphere that makes guests feel at home; a pedigree in expedition travel through the Ventures by Seabourn program and two new ultra-luxury purpose-built expedition ships, including Seabourn Venture that launched in 2022 and Seabourn Pursuit scheduled to enter service in 2023. Seabourn takes travelers to every continent on the globe, visiting more than 400 ports including marquee cities and lesser-known ports and hideaways. Guests of Seabourn experience extraordinary offerings and programs, including partnerships with leading entertainers, dining, personal health and wellbeing, and engaging speakers.
For more details about Seabourn, or to explore the worldwide selection of Seabourn cruising options, contact a professional travel advisor, call Seabourn at 1-800-929-9391 or visit www.seabourn.com.
Seabourn is a brand of Carnival Corporation and plc (NYSE/LSE: CCL and NYSE: CUK).
Find Seabourn on Twitter, Facebook, Instagram, YouTube and Pinterest.
Notes to Editors:
Seabourn is consistently ranked among the world's top travel choices by professional critics and the discerning readers of prestigious travel publications such as Departures, Travel + Leisure and Condé Nast Traveler. Its stylish, distinctive cruising vacations are renowned for:
- Purpose-built expedition ships, PC6 ice-strengthened hull, with advanced maneuvering technology for superior stability, safety, and comfort
- World-class Expedition Team, delivering immersive experiences
- All veranda, all ocean-front suites luxuriously appointed
- Handcrafted itineraries developed for the expedition traveler to the most coveted and familiar remote destinations in the world
- Intimate ships with a private club atmosphere
- Intuitive, personalized service provided by staff passionate about exceeding guests' expectations
- Inclusive expedition experiences with Zodiacs, scuba diving and snorkeling
- Optional expedition experiences with kayaks and custom-built, 6-guest submarines giving the option to extend your expedition further for greater ocean exploration**
- Welcome toast and complimentary in-suite bar stocked with your preferences
- Hosted bridge policy* with Expedition team members providing firsthand access to the ship's command center and officers navigating your journey
- World-class dining venues are all complimentary, dine where, when and with whom you wish
- Tipping is neither required, nor expected
- Complimentary premium spirits and fine wines available on board at all times
- Meticulous and purposeful adventurers' resort at sea designed for the luxury traveler with unique attributes and spaces to enhance your experience
- Spa & Wellness with Dr. Andrew Weil, featuring an exclusive mindful living program**
- Committed to environmental stewardship and sustainability
*At the Captain's discretion
** Optional programs, for additional charge
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A man who made a name for himself climbing high rises and cranes across the globe has died.
Remi Lucidi was 30 years old.
Multiple media outlets are reporting that Lucidi, who went by the name Remi Enigma on Instagram, lost his footing on the Tregunter Tower in Hong Kong. The reports cite The South China Morning Post.
The Associated Press reported that there was no suicide note found and that initial investigations said he fell from a rooftop.
The Independent in its reporting of the incident called Lucidi a stuntman and daredevil.
Lucidi’s camera and his ID card were found at the scene. Police confirmed that a 30-year-old man’s body was found on a patio but did not release his name, saying that “a preliminary investigation suggested the man was an extreme sports enthusiast,” Sky News and The South China Morning Post reported.
Lucidi apparently got into the tower by telling a security guard he was there to visit a friend on the 40th floor but was seen on security footage leaving an elevator on the 49th floor and on staircases leading to the top of the building. Officials found a door forced open there, Sky News reported.
Lucidi had posted a shot from the top of a tower in Hong Kong’s Times Square on July 24, three days before his death.
Lucidi started climbing skyscrapers in 2016, The Independent reported.
Lucidi had become popular by climbing buildings all over the world, including perching on a bridge railing in Portugal, TMZ reported.
He posted a photo of himself on top of a tower near Chernobyl in Ukraine, calling it “My Comfort Zone,” People magazine reported. He also had images high above Bulgaria, Bangkok and Dubai.
One of his recent selfies had the caption “Life is too short to chase unicorns.”
©2023 Cox Media Group
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| 2023-07-31T20:36:27
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BALTIMORE — A prominent building next to Johns Hopkins University will soon become a new hotel and restaurant that aims to cater to the university community.
The former Blackstone student-housing building at 33rd Street and Charles Street is being turned into The Study, a boutique hotel chain with locations at several other prestigious universities.
The Study at Johns Hopkins was just approved for a beer, wine and liquor license and is planning a soft opening in August. The hotel also has locations at Yale University, University of Pennsylvania, and University of Chicago.
The building was used as student housing until 2019. The new hotel will have 115 guest rooms, and represents a $26 million reinvestment, according to information presented at the liquor board hearing.
The new restaurant, to be called Dear Charles, is positioned to "become the place for spirited conversations, local gatherings, and celebrations" and "engage the community in a positive social dialogue," said a representative of The Study.
The main entertainment at the restaurant will be ensembles of Peabody Institute students.
The hotel's general manager also said the 85-seat restaurant will provide a link to a soon-to-be-opened student center.
Dear Charles will feature a menu offering cuisine influenced by its Mid-Atlantic location with the warmth and everyday expectations of a village tavern. Elevated but not fussy, our goal is to offer familiar dishes, using locally sourced ingredients, with a range of robust and health-conscious options to meet the needs of a diverse community.
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Total new annualized premiums up 11%; strong capital position
CARMEL, Ind., July 31, 2023 /PRNewswire/ -- CNO Financial Group, Inc. (NYSE: CNO) today reported net income of $73.7 million, or $0.64 per diluted share, in 2Q23 compared to $233.3 million, or $1.99 per diluted share, in 2Q22. Net operating income (1) was $62.3 million, or $0.54 per diluted share, in 2Q23 compared to $135.1 million, or $1.15 per diluted share, in 2Q22.
"Production was strong in both our Consumer and Worksite Divisions, with notable sales increases in Life, Medicare Supplement and Supplemental Health, driven by continued growth in producing agent counts," said Gary C. Bhojwani, chief executive officer.
"Variable investment income results improved sequentially, yet reflect a tough comparable in the second quarter of 2022 when results reached a five-year high. Health claims impacted our results in the quarter. We expect this elevated claims experience to moderate in the second half of the year, based on leading indicators. Our long-term view of the Health business remains positive."
"New money rates were once again strong in the quarter at 6.34%, which drove continued improvement in the earned yield on investments allocated to insurance products. Our consolidated risk based capital (RBC) ratio of 386% was comfortably above our target as was our holding company liquidity of $176 million. Free cash flow generation in the quarter was robust."
Second Quarter 2023 Highlights (as compared to the corresponding period in the prior year where applicable)
- Total Health insurance new annualized premiums ("NAP") (4) up 15%; total Life insurance NAP up 8%
- Medicare Supplement NAP up 29%; Consumer Division field agent-sold Life insurance NAP up 20%
- Consumer Division field producing agent count up 8%; Worksite Division producing agent count up 32%
- Returned $47.4 million to shareholders
- Book value per share was $17.56; book value per diluted share, excluding accumulated other comprehensive loss,(2) was $32.34
- Return on equity ("ROE") of 14.8%; operating ROE, as adjusted,(6) of 8.0%
Adoption of New Accounting Standard
As previously disclosed, we adopted ASU 2018-12 related to targeted improvements to the accounting for long-duration insurance contracts effective January 1, 2023. We selected the modified retrospective transition method except for market risk benefits where we were required to use the full retrospective approach. All prior periods presented herein have been recast in accordance with the new standard. As a result of the adoption of the new guidance, shareholders' equity as of December 31, 2022, increased $368.0 million and was comprised of increases to retained earnings and accumulated other comprehensive income (loss) of $232.2 million and $135.8 million, respectively. Net income and operating earnings (1) for the second quarter of 2022 increased $97.2 million and $35.0 million, respectively. Concurrent with the adoption of the new guidance, we also updated the method of determining non-operating earnings for our fixed indexed annuities to better isolate the volatile non-economic accounting impacts of that line of business.
INSURANCE OPERATIONS
Annuity products accounted for 26 percent of the Company's margin for the quarter and annuity premiums collected decreased 8 percent in 2Q23 compared to 2Q22.
Health products accounted for 48 percent of the Company's insurance margin for the quarter and 63 percent of insurance policy income.
Life products accounted for 26 percent of the Company's insurance margin for the quarter and 36 percent of insurance policy income.
Sales of health products were up 15 percent and sales of life products were up 8 percent in 2Q23 compared to 2Q22.
Total allocated expenses were $149.5 million, down 2 percent from 2Q22.
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The fair value of CNO's available for sale fixed maturity portfolio was $21.0 billion compared with an amortized cost of $23.6 billion. Net unrealized losses were comprised of gross unrealized gains of $106.1 million and gross unrealized losses of $2,710.8 million. The allowance for credit losses was $66.1 million at June 30, 2023.
At both amortized cost and fair value, 94 percent of fixed maturities, available for sale, were rated "investment grade".
Non-Operating Items
Net investment losses in 2Q23 were $31.3 million including the unfavorable change in the allowance for credit losses of $9.9 million which was recorded in earnings. Net investment losses in 2Q22 were $27.1 million including the unfavorable change in the allowance for credit losses of $23.7 million which was recorded in earnings.
During 2Q23 and 2Q22, we recognized a decrease in earnings of $4.0 million and $21.7 million, respectively, due to the net change in market value of investments recognized in earnings.
During 2Q23 and 2Q22, we recognized an increase in earnings of $50.4 million and $160.6 million, respectively, resulting from changes in the estimated fair value of embedded derivative liabilities and market risk benefits related to our fixed indexed annuities. Such amounts include the impacts of changes in market interest rates and equity impacts used to determine the estimated fair values of the embedded derivatives and market risk benefits.
In 2Q22, other non-operating items included an increase in earnings of $14.0 million for the mark-to-market change in the agent deferred compensation plan liability which was impacted by changes in the underlying actuarial assumptions used to value the liability. We recognize the mark-to-market change in the estimated value of this liability through earnings as assumptions change.
Statutory (based on non-GAAP measures) and GAAP Capital Information
Our consolidated statutory risk-based capital ratio was estimated at 386% at June 30, 2023, reflecting estimated 2Q23 statutory operating income of $37 million (and $76 million in the first six months of 2023) and the payment of insurance company dividends (net of capital contributions) to the holding company of $40.5 million during 2Q23 (and $74.7 million in the first six months of 2023).
During 2Q23, we repurchased $30.0 million of common stock under our securities repurchase program (including $0.9 million of repurchases settled in 3Q23). We repurchased 1.4 million common shares at an average cost of $22.28 per share. As of June 30, 2023, we had 113.7 million shares outstanding and had authority to repurchase up to an additional $641.8 million of our common stock. During 2Q23, dividends paid on common stock totaled $17.4 million.
Unrestricted cash and investments held by our holding company were $176 million at June 30, 2023, compared to $167 million at December 31, 2022.
Book value per common share was $17.56 at June 30, 2023 compared to $15.47 at December 31, 2022. Book value per diluted share, excluding accumulated other comprehensive income (loss) (2), was $32.34 at June 30, 2023, compared to $31.89 at December 31, 2022.
The debt-to-capital ratio was 36.3 percent and 39.2 percent at June 30, 2023 and December 31, 2022, respectively. Our debt-to-total capital ratio, excluding accumulated other comprehensive income (loss) (3) was 23.4 percent at both June 30, 2023 and December 31, 2022.
Return on equity for the trailing four quarters ended June 30, 2023 and 2022, was 14.8% and 20.9%, respectively. Operating return, excluding significant items, on equity, excluding accumulated other comprehensive income (loss) and net operating loss carryforwards (6) for the trailing four quarters ended June 30, 2023 and 2022, was 8.0% and 12.7%, respectively.
In this news release, CNO includes non-GAAP measures to enhance investors' understanding of management's view of the business. The non-GAAP measures are not a substitute for GAAP, but rather a supplement to increase transparency by providing broader perspective. CNO's definitions of non-GAAP measures may differ from other companies' definitions. More detailed information including various GAAP and non-GAAP measurements are located at CNOinc.com in the Investors section under SEC Filings.
CAUTION REGARDING FORWARD-LOOKING STATEMENTS:
This press release may contain forward-looking statements within the meaning of federal securities laws. These prospective statements reflect management's current expectations, but are not guarantees of future performance. Accordingly, please refer to CNO's cautionary statement regarding forward-looking statements, and the business environment in which the Company operates, contained in the Company's Form 10-K for the year ended December 31, 2022 and any subsequent Form 10-Q or Form 10-K on file with the Securities and Exchange Commission and on the Company's website at CNOinc.com in the Investors section. CNO specifically disclaims any obligation to update or revise any forward-looking statement because of new information, future developments or otherwise.
EARNINGS RELEASE CONFERENCE CALL WEBCAST:
The Company will host a conference call to discuss results on August 1, 2023 at 11:00 a.m. Eastern Time. During the call, we will be referring to a presentation that will be available at the Investors section of the company's website.
To participate by dial-in, please register at https://www.netroadshow.com/events/login?show=5ac4628b&confId=53584. Upon registering, you will be provided with call details and a registrant ID used to track attendance on the conference call. Reminders will also be sent to registered participants via email.
For those investors who prefer to listen to the call online, we will be broadcasting the call live via webcast. The event can be accessed through the Investors section of the company's website: ir.CNOinc.com. Participants should go to the website at least 15 minutes before the event to register and download any necessary audio software.
ABOUT CNO FINANCIAL GROUP
CNO Financial Group, Inc. (NYSE: CNO) secures the future of middle-income America. CNO provides life and health insurance, annuities, financial services, and workforce benefits solutions through our family of brands, including Bankers Life, Colonial Penn, Optavise and Washington National. Our customers work hard to save for the future, and we help protect their health, income and retirement needs with 3.2 million policies and $34 billion in total assets. Our 3,400 associates, 4,600 exclusive agents and 4,000 independent partner agents guide individuals, families and businesses through a lifetime of financial decisions. For more information, visit CNOinc.com.
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SoftwareReviews' latest Data Quadrant report highlights the top-rated CRM software solutions in the current market that are successfully harnessing the technological trends.
TORONTO, July 31, 2023 /PRNewswire/ - SoftwareReviews, a leading source for insights on the software provider landscape, has revealed its new 2023 Customer Relationship Management (CRM) Data Quadrant Report, which highlights the top ten CRM solutions in the enterprise, midmarket, and small business spaces for the year.
In an era defined by digital transformation, organizations are strategically adapting to fortify their customer relationships, as corroborated by the recent 2023 Data Quadrant report from SoftwareReviews. The report and its list of Customer Relationship Management (CRM) software points to the substantial expansion of the CRM industry as organizations strive to consolidate their customer experiences across various sectors, such as sales, marketing, and customer service.
"As digital technology and transformation further embed themselves into our personal and professional lives, our expectations for quality customer experience increase," says Robert Fayle, research advisory lead at Info-Tech Research Group. "With the advent of generative AI and other AI and machine learning technologies, customers now demand a personalized experience. To meet these demands, organizations need to procure CRM platforms that enable personal interactions and that are also heavily investing in the adoption of these new technologies."
Although CRM adoption has its challenges, including the need for organizational cultural shifts, extensive employee training, and stringent data privacy measures, the potential benefits are substantial. From improved customer service to streamlined marketing efforts and increased sales, well-executed CRM systems can be transformative.
The integration of artificial intelligence (AI) is introducing a new dimension to CRM systems, automating routine tasks, predicting customer behaviors, and identifying potential sales leads. As the CRM industry continues to evolve rapidly, driven by technological advancements and the rising relevance of mobile and social CRM platforms, it underscores the importance of overcoming implementation challenges to fully harness the power of CRM in the digital economy.
The 2023 Enterprise Customer Relationship Management Software Gold Medalists are as follows:
- Zoho CRM, 8.6 CS, ranked high for ease of customization.
- Oracle PeopleSoft CRM, 8.4 CS, ranked high for business value creation.
The 2023 Midmarket Customer Relationship Management Software Gold Medalists are as follows:
- NetSuite CRM, 8.9 CS, ranked high for lead management.
- ActiveCampaign, 8.8 CS, ranked high for quality of features.
- Salesforce Sales Cloud Professional, 8.6 CS, ranked high for its breadth of features.
- Agile CRM, 8.6 CS, ranked high for ease of implementation.
- Sage CRM, 8.6 CS, ranked high for sales management.
The 2023 Small Business Customer Relationship Management Software Gold Medalists are as follows:
- ConvergeHub, 9.0 CS, ranked high for lead management.
- Less Annoying CRM, 8.9 CS, ranked high for usability and intuitiveness.
- Pipeliner CRM, 8.8, ranked high for ease of data integration.
Cloud-based CRM systems now offer the flexibility of remote access and management, while advanced analytics tools empower organizations to derive actionable insights from the overwhelming influx of customer data. Concurrently, mobile and social CRM platforms are gaining prominence as essential tools for successful customer engagement. As the digital landscape evolves, these innovative platforms will continue to redefine customer interaction and shape the future of customer relationship management.
The full report is now accessible on the firm's website, which is updated in real time to reflect new reviews and ratings.
User assessments of software categories on SoftwareReviews provide an accurate and detailed view of the constantly changing market. SoftwareReviews' reports are informed by data from users and IT professionals who have intimate experience with the software throughout the procurement, implementation, and maintenance processes.
For more information about SoftwareReviews, the Emotional Footprint, or the Data Quadrant, or to access resources to support the software selection process, visit softwarereviews.com
SoftwareReviews empowers organizations with the best data, insights, and advice to improve the software buying and selling experience.
For buyers, SoftwareReviews' proven software selection methodologies, customer insights, and technology advisors help maximize success with technology decisions. For providers, the firm helps build more effective marketing, product, and sales processes with expert analysts, how-to research, customer-centric marketing content, and comprehensive analysis of the buyer landscape.
SoftwareReviews is a division of Info-Tech Research Group, a world-class information technology research and advisory firm.
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Companies combine expertise to deliver innovative technology solutions for arenas, stadiums, convention and exhibition centers, and performing arts venues
TUCSON, Ariz., July 31, 2023 /PRNewswire/ -- Simpleview and ASM Global are pleased to announce a partnership created to provide a unified network of websites and technology solutions for the ASM Global portfolio of venues. The partnership was strategically designed to develop cohesive branding powered by a best-in-class technology stack and ticketing integrations that promote visitors and drive web conversions for arenas, stadiums, convention and exhibition centers, and performing arts venues.
Simpleview, a leading provider of CRM, CMS, and marketing solutions for destinations worldwide, and ASM Global, the world's leading venue management and services company, will serve the meetings and events ecosystem; by leveraging Simpleview's advanced technology and ASM Global's extensive global network, this partnership will enable clients to create captivating digital experiences that drive engagement and ticket sales and enhance venue marketing efforts.
Highlights of the partnership include:
- Enhanced Website Capabilities: a new generation of website solutions with state-of-the-art features and functionalities equipped with user-friendly content management systems, robust event and ticketing integrations, interactive mapping tools, and seamless integration with social media platforms
- Personalized Experiences: clients can deliver tailored content and offers to individual users, ensuring a highly personalized and engaging journey for every visitor
- Mobile-Optimized Design: prioritization of mobile optimization, ensuring that websites are fully accessible across all screen sizes and platforms
- Data-Driven Insights: comprehensive analytics and reporting gain insights into visitor behavior, marketing performance, and conversion rates so venues can make informed decisions and optimize marketing strategies effectively
"ASM Global is thrilled to work in partnership with Simpleview to create a cohesive, best-in-class website solution for our diverse global portfolio of stadiums, arenas, theaters, and convention centers," said Alex Merchán, chief marketing officer at ASM Global. "From the start of this relationship, Simpleview has impressed us with its tech stack, service offering, data-driven approach, and talented team. We look forward to building and scaling this partnership in the years ahead."
About Simpleview
Simpleview is a worldwide leading provider of CRM, CMS, website design, digital marketing services, and data insights for convention bureaus, venues, tourism boards, destination marketing organizations (DMOs), and attractions. The company employs staff across the globe, serving clients of all sizes, including small towns, world capitals, top meeting destinations, and countries across multiple continents.
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BALTIMORE — Dispensaries expected a surge in sales the first month recreational cannabis was available in Maryland and they're getting it.
"I was talking to a couple of vendors today and they thought we'd be up 4-5 times and we're really up 2-3 times so there's still some business left to come to the market," said Mitch Trellis, of Remedy Maryland.
So far, the state has seen $85 million in cannabis sales in July, which is more than double what medical cannabis did alone during the same time last year.
Those sales have also brought in $4.5 million in sales and use tax for Maryland.
For Verano, who operates in six different states, Maryland has been a breeze.
"I can say that this was the single easiest launch that we've ever been through in terms of dealing with regulators and just understanding the market. We've had absolutely no snafus from a regulatory or compliance perspective," said Darren Weiss, Verano's president.
There's an expectation the increase dispensaries are seeing isn't over, as more people become familiarized with recreational marijuana.
"This breaking away, this breaking down of the barriers of what was once an illegal, taboo product and smell, what have you," said Weiss.
"I think there's a big part of the business that's going to happen over the next 18 months, that's people just being informed that you don't have to take Ambien, you know what I mean," said Trellis.
"Like I've always said, if you could take some of this stuff and put it in CVS, cannabis would become really popular really quickly," he added.
The number of dispensaries will also expand as the state releases recreational only licenses for more businesses to enter the market.
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UNITED NATIONS — (AP) — The United Nations chief on Monday welcomed Kenya’s offer to “positively consider” leading a multinational police force to help combat Haiti’s gangs and improve security in the violence-wracked Caribbean nation.
Haiti’s Prime Minister Ariel Henry sent an urgent appeal last October for “the immediate deployment of a specialized armed force, in sufficient quantity” to stop the gangs. U.N. Secretary-General António Guterres has been appealing unsuccessfully since then for a lead nation to help restore order to Latin America’s most impoverished country.
Kenya’s Foreign Ministry said Saturday said its offer includes a commitment to send 1,000 police to help train and assist the Haitian National Police “restore normalcy in the country and protect strategic installations.” The ministry said it was responding to a request from the Friends of Haiti group of nations.
“Kenya stands with persons of African descent across the world, including those in the Caribbean, and aligns with the African Union’s diaspora policy and our own commitment to Pan Africanism, and in this case to `reclaiming of the Atlantic crossing,’” the ministry said.
Haiti's gangs have grown in power since the July 7, 2021 assassination of President Jovenel Moïse and are now estimated to control up to 80% of the capital. The surge in killings, rapes and kidnappings has led to a violent uprising by civilian vigilante groups.
U.N. deputy spokesman Farhan Haq said Guterres “welcomes Kenya’s positive response to his call” and expresses gratitude to Kenya for its “solidarity."
The secretary-general calls on the U.N. Security Council to support a non-U.N. multinational operation in Haiti “and encourages member states, particularly from the region, to join forces from Kenya” in supporting the country's police, Haq said.
Kenya’s Foreign Ministry said its proposed deployment will crystalize once the Security Council adopts a resolution giving a mandate for the force, and other Kenyan constitutional processes are undertaken.
A Kenyan task force plans to undertake an assessment mission to Haiti within the next few weeks which “will inform and guide the mandate and operational requirements of the mission,” it said.
Guterres, who visited Haiti in early July, called afterward for a robust international force to help the Haitian National Police “defeat and dismantle the gangs.”
He said the estimate by the U.N. independent expert for Haiti, William O'Neill, that up to 2,000 additional anti-gang police officers are needed is no exaggeration. O'Neill, who concluded a 10-day trip to Haiti in July, is an American lawyer who has been working on Haiti for over 30 years and helped establish the Haitian National Police in 1995.
The Security Council unanimously adopted a resolution on July 14 asking Guterres to come up with "a full range of options" within 30 days to help combat Haiti's armed gangs, including a non-U.N. multinational force, a possible U.N. peacekeeping force, additional training for the Haitian National Police and providing support to combat illegal arms trafficking to the country.
Compounding the gang warfare, which has spread outside the capital, is the country’s political crisis: Haiti was stripped of all democratically elected institutions when the terms of the country’s remaining 10 senators expired in early January.
The Security Council resolution, co-sponsored by the United States and Ecuador, “strongly urges” all countries to prohibit the supply, sale or transfer of weapons to anyone supporting gang violence and criminal activities.
U.S. Secretary of State Antony Blinken spoke to Kenyan President William Ruto on Monday including about Kenya’s positive consideration to leading a multinational force in Haiti, State Department spokesperson Matthew Miller said.
The United States takes over the rotating presidency of the U.N. Security Council for August on Tuesday, and Miller said the U.S. and Ecuador, as a first step, are going to introduce a resolution to authorize a non-U.N. multinational mission.
The second step is an assessment mission by Kenya, “which they plan to do in the coming days,” and then there will be talks with other countries about what additional assistance is needed, he said.
"We are committed to finding the resources to support this multinational force," Miller said. "We've been a large humanitarian donor to relief efforts in Haiti for some time, and we have worked behind the scenes to find the lead nation to run this multinational force and are pleased that that has been successful."
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Ellen Knickmeyer contributed to this report from Washington and Evelyne Musambi from Nairobi
Copyright 2023 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed without permission.
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NEW YORK, July 31, 2023 /PRNewswire/ -- Debevoise & Plimpton LLP announced today the release of its 2023 Private Equity Midyear Outlook, a helpful summary of the various forces shaping the industry and the strategies market participants are using during this dynamic time.
At the beginning of the year, we noted in our Private Equity Report: 2023 Outlook the considerable macroeconomic and geopolitical challenges facing private equity. As we pass the year's midpoint, those challenges continue to hang over the private equity industry like a stalled weather system, refusing to dissipate, as existing obstacles have solidified and new hurdles have emerged. While the crisis around the collapse of Silicon Valley Bank, First Republic Bank and Signature Bank was not protracted, it nonetheless compounded an already difficult liquidity environment. Fundraising remains highly competitive. The polarization around ESG in the United States has intensified, resulting in a patchwork of wildly different state legislation. The SEC continues to take aim at private fund practices, while in the EU, new regulations stand to complicate both fundraising and the M&A landscape. In this environment, caution rules the day for both sponsors and investors.
And yet, with creativity and persistence, deals are getting done. Lenders are adjusting their balance sheet exposures. Direct lending and co-investments, as well as innovative deal structures, help to fill the financing gaps caused by the pull-back in syndicated debt financings. Brand-name funds are weathering fundraising headwinds by offering incentives and flexibility with terms, while first-time managers are building track records by raising capital deal-by-deal. And through it all, bright spots have begun to appear. The U.S. IPO market is showing early signs of thawing. In Latin America, proactive monetary policy, the move toward nearshoring and a spate of welcomed governmental reforms give reason for optimism. And while investors continue their caution regarding China, other Asian markets such as Japan, Australia and India are showing healthy levels of activity.
The full report is available here.
About the Debevoise Private Equity Group
Debevoise is a trusted partner and legal advisor to a majority of the world's largest private equity firms, and has been a market leader in the Private Equity industry for over 40 years. The firm's Private Equity Group brings together the diverse skills and capabilities of more than 400 lawyers around the world from a multitude of practice areas, working together to advise our clients across the entire private equity life cycle. The Group's strong track record, leading-edge insights, deep bench and commitment to unified, agile teams are why, year after year, clients quoted in Chambers Global, Chambers USA, The Legal 500 and PEI cite Debevoise for our close-knit partnership, breadth of resources and relentless focus on results.
Debevoise & Plimpton LLP is a premier law firm with market-leading practices, a global perspective and strong New York roots. We deliver effective solutions to our clients' most important legal challenges, applying clear commercial judgment and a distinctively collaborative approach.
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SOURCE Debevoise & Plimpton LLP
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| 2023-07-31T20:36:35
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Lori Vallow Daybell was sentenced to life in prison without the possibility of parole Monday for the murders of her two youngest children and conspiring to kill her husband's first wife, bringing a close to the so-called "Doomsday Cult Mom" case.
This is the maximum sentence possible for Vallow Daybell, who had pleaded not guilty to the charges against her in her five-week trial. It ended in May, when a jury unanimously found the Idaho mom guilty of two counts of first-degree murder and conspiracy to commit first-degree murder.
The case centered on bizarre claims Vallow Daybell made about her two kids, 16-year-old Tylee Ryan and 7-year-old Joshua "JJ" Vallow. After meeting her husband at a conference in Oct. 2018, the couple used religious beliefs to justify their killings, saying the two kids were "dark" and she was "light" and that she was God's vessel to rid the world of their kind.
Prosecutors read testimony from representatives of multiple relatives of the kids before the sentencing Monday, including a victim impact statement from Vallow Daybell's estranged oldest son, Colby Ryan.
"Tylee will never have the opportunity to become a mother, wife or have the career she was destined to have. JJ will never be able to grow and spread his light with the world the way he did," the statement said. "I've lost the opportunity to share life with the people I love the most. I have lost my sister, father, brother and my mother. "I pray for healing for everyone involved, including those who took the lives of everyone we loved."
Vallow Daybell's husband, Chad Daybell, is awaiting trial on the same charges. His trial is expected to begin April 1, 2024.
SEE MORE: Lori Vallow Daybell sentencing: Here's what to expect
Trending stories at Scrippsnews.com
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Published: Jul. 31, 2023 at 3:05 PM CDT|Updated: 31 minutes ago
Broadband revenue up 20% and Video SaaS revenue up 58% year over year
SAN JOSE, Calif., July 31, 2023 /PRNewswire/ -- Harmonic Inc. (NASDAQ: HLIT) today announced its unaudited results for the second quarter of 2023.
"While we achieved double digit year over year Broadband and Video SaaS revenue growth and strong gross margins for the second quarter, we experienced hardware sales delays across our business segments resulting in total revenue that was below our expectations," said Patrick Harshman, president and chief executive officer of Harmonic. "Despite these short-term headwinds, we have the largest backlog in our Company's history and our operating model continued to deliver solid profitability. The strength of our market position was reinforced by several new customer wins which further supports our multi-year growth plan."
Q2 Financial and Business Highlights
Financial
Revenue: $156.0 million, down 1% year over year
Gross margin: GAAP 54.5% and non-GAAP 54.7%, compared to GAAP 52.3% and non-GAAP 52.8% in the year ago period
Operating income: GAAP income $10.0 million and non-GAAP income $18.2 million, compared to GAAP income $15.1 million and non-GAAP income $21.4 million in the year ago period
Net income: GAAP net income $1.6 million and non-GAAP net income of $14.0 million, compared to GAAP net income $14.8 million and non-GAAP net income $17.6 million in the year ago period
Adjusted EBITDA: $21.1 million income compared to $24.3 million income in the year ago period
EPS: GAAP net income per share of $0.01 and non-GAAP net income per share of $0.12, compared to GAAP net income per share of $0.14 and non-GAAP net income per share of $0.16 in the year ago period
Cash: $71.0 million, down $50.8 million year over year
Business
CableOS® solution commercially deployed with 98 customers, serving 21.0 million cable modems, and initial orders received from two new Tier 1 customers
Recognized for the first time as the "cable broadband equipment" market share leader, by the most recent Dell'Oro Group1 report
Signed a follow-on multi-year software contract with an existing Tier 1 customer
Live sports streaming SaaS expansions and new wins drove 58.3% Video SaaS revenue growth year over year
Select Financial Information
Explanations regarding our use of non-GAAP financial measures and related definitions, and reconciliations of our GAAP and non-GAAP measures, are provided in the sections below entitled "Use of Non-GAAP Financial Measures" and "GAAP to Non-GAAP Reconciliations".
Financial Guidance
Conference Call Information
Harmonic will host a conference call to discuss its financial results at 2:00 p.m. PT (5:00 p.m. ET) on Monday, July 31, 2023. The live webcast will be available on the Harmonic Investor Relations website at http://investor.harmonicinc.com. To participate via telephone, please register in advance using this link, https://register.vevent.com/register/BI455acac6063542fb837fd89bddfb1d84. A replay will be available after 5:00 p.m. PT on the same web site.
About Harmonic Inc.
Harmonic (NASDAQ: HLIT), the worldwide leader in virtualized broadband and video delivery solutions, enables media companies and service providers to deliver ultra-high-quality video streaming and broadcast services to consumers globally. The company revolutionized broadband networking via the industry's first virtualized broadband solution, enabling cable operators to more flexibly deploy gigabit internet service to consumers' homes and mobile devices. Whether simplifying OTT video delivery via innovative cloud and software platforms, or powering the delivery of gigabit internet cable services, Harmonic is changing the way media companies and service providers monetize live and on-demand content on every screen. More information is available at www.harmonicinc.com.
Legal Notice Regarding Forward-Looking Statements
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, including statements related to our expectations regarding: net revenue, gross margins, operating expenses, operating income (loss), Adjusted EBITDA, tax expense and tax rate, EPS and cash. Our expectations regarding these matters may not materialize, and actual results in future periods are subject to risks and uncertainties that could cause actual results to differ materially from those projected. These risks include, in no particular order, the following: the market and technology trends underlying our Video and Broadband businesses will not continue to develop in their current direction or pace; the possibility that our products will not generate sales that are commensurate with our expectations or that our cost of revenue or operating expenses may exceed our expectations; the impact of general economic conditions on our sales and operations; the mix of products and services sold in various geographies and the effect it has on gross margins; delays or decreases in capital spending in the cable, satellite, telco, broadcast and media industries; customer concentration and consolidation; our ability to develop new and enhanced products in a timely manner and market acceptance of our new or existing products; losses of one or more key customers; risks associated with our international operations; exchange rate fluctuations of the currencies in which we conduct business; risks associated with our CableOS and VOS product solutions; dependence on various video and broadband industry trends; inventory management; the lack of timely availability or the impact of increases in the prices of parts or raw materials necessary to produce our products; the effect of competition, on both revenue and gross margins; difficulties associated with rapid technological changes in our markets; risks associated with unpredictable sales cycles; our dependence on contract manufacturers and sole or limited source suppliers; and the effect on our business of natural disasters. The forward-looking statements contained in this press release are also subject to other risks and uncertainties, including those more fully described in Harmonic's filings with the Securities and Exchange Commission, including our most recent Annual Report on Form 10-K for the year ended December 31, 2022, our most recent Quarterly Report on Form 10-Q and our Current Reports on Form 8-K. The forward-looking statements in this press release are based on information available to the Company as of the date hereof, and Harmonic disclaims any obligation to update any forward-looking statements.
Use of Non-GAAP Financial Measures
The Company reports its financial results in accordance with accounting principles generally accepted in the United States ("GAAP" or referred to herein as "reported"). However, management believes that certain non-GAAP financial measures provide management and other users with additional meaningful financial information that should be considered when assessing our ongoing performance. Our management regularly uses our supplemental non-GAAP financial measures internally to understand, manage and evaluate our business, establish operating budgets, set internal measurement targets and make operating decisions.
These non-GAAP measures are not in accordance with, or an alternative for, measures prepared in accordance with generally accepted accounting principles and may be different from non-GAAP measures used by other companies. In addition, these non-GAAP measures are not based on any comprehensive set of accounting rules or principles. The Company believes that non-GAAP measures have limitations in that they do not reflect all of the amounts associated with Harmonic's results of operations as determined in accordance with GAAP and that these measures should only be used to evaluate Harmonic's results of operations in conjunction with the corresponding GAAP measures.
The Company believes that the presentation of non-GAAP measures, when shown in conjunction with the corresponding GAAP measures, provides useful information to investors and management regarding financial and business trends relating to its financial condition and its historical and projected results of operations. Non-GAAP financial measures should be viewed in addition to, and not as an alternative to, the Company's reported results prepared in accordance with GAAP.
The non-GAAP measures presented here are: Gross profit, operating expenses, income (loss) from operations, non-operating expenses and net income (loss) (including those amounts as a percentage of revenue), Adjusted EBITDA and net income (loss) per diluted share. The presentation of non-GAAP information is not intended to be considered in isolation or as a substitute for results prepared in accordance with GAAP, and is not necessarily comparable to non-GAAP results published by other companies. A reconciliation of the historical non-GAAP financial measures discussed in this press release to the most directly comparable historical GAAP financial measures is included with the financial statements provided with this press release. The non-GAAP adjustments described below have historically been excluded from our GAAP financial measures.
Our non-GAAP financial measures reflect adjustments based on the following items, as well as the related income tax effects:
Stock-based compensation - Although stock-based compensation is a key incentive offered to our employees, we continue to evaluate our business performance excluding stock-based compensation expenses. We believe that management is limited in its ability to project the impact stock-based compensation would have on our operating results. In addition, for comparability purposes, we believe it is useful to provide a non-GAAP financial measure that excludes stock-based compensation in order to better understand the long-term performance of our core business and to facilitate the comparison of our results to the results of our peer companies.
Restructuring and related charges - Harmonic from time to time incurs restructuring charges which primarily consist of employee severance, one-time termination benefits related to the reduction of its workforce, lease exit costs, and other costs. These charges are associated with material business shifts. We exclude these items because we do not believe they are reflective of our ongoing long-term business and operating results.
Non-cash interest expense and other expenses related to convertible notes and other debt - We record the amortization of issuance costs as non-cash interest expense. We believe that excluding these costs provides meaningful supplemental information regarding operational performance and liquidity, along with enhancing investors' ability to view the Company's results from management's perspective. In addition, we believe excluding these costs from the non-GAAP measures facilitates comparisons to our historical operating results and comparisons to peer company operating results.
Gain and losses on equity investments - We exclude the gain and losses from the sale of our equity investments in calculating our non-GAAP financial measures. We exclude these items because we do not believe they are reflective of our ongoing long-term business and operating results.
Discrete tax items and tax effect of non-GAAP adjustments - The income tax effect of non-GAAP adjustments relates to the tax effect of the adjustments that we incorporate into non-GAAP financial measures in order to provide a more meaningful measure of non-GAAP net income.
Depreciation - Depreciation expense, along with interest, tax and stock-based compensation expense, and restructuring charges, is excluded from Adjusted EBITDA because we do not believe depreciation and the other items relate to the ordinary course of our business or are reflective of our underlying business performance.
Non-recurring advisory fees - There were non-recurring costs that we excluded from non-GAAP results relating to professional accounting, tax and legal fees associated with strategic corporate initiatives, including assessing corporate structure and organization, as we seek to optimize value for our business.
The above press release was provided courtesy of PRNewswire. The views, opinions and statements in the press release are not endorsed by Gray Media Group nor do they necessarily state or reflect those of Gray Media Group, Inc.
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MESA, Ariz., July 31, 2023 /PRNewswire/ -- Verra Mobility Corporation (NASDAQ: VRRM), a leading provider of smart mobility technology solutions, announced today that it will report financial results for the second quarter ended June 30, 2023, after market close on August 9, 2023.
Verra Mobility's Chief Executive Officer, David Roberts, and Chief Financial Officer, Craig Conti, will host a conference call and live webcast to discuss financial results for investors and analysts at 5:00 p.m. ET on August 9, 2023.
To access the conference call, dial 1-888-886-7786 (U.S. toll-free) or 1-416-764-8658 (International) with conference ID 11014275 or click on the following link and request a return call: callme.viavid.com. A live webcast will be available on the Company's Investor Relations website at ir.verramobility.com.
An audio replay of the call will also be available until 11:59 p.m. ET on August 23, 2023, by dialing 1-844-512-2921 (U.S. toll-free), or 1-412-317-6671 (International) and entering passcode 11014275.
In addition, an archived webcast will be available in the "News & Events" section of Verra Mobility's Investor Relations website at ir.verramobility.com.
About Verra Mobility
Verra Mobility Corporation (NASDAQ: VRRM) is a leading provider of smart mobility technology solutions that make transportation safer, smarter and more connected. The company sits at the center of the mobility ecosystem, bringing together vehicles, hardware, software, data and people to enable safe, efficient solutions for customers globally. Verra Mobility's transportation safety systems and parking management solutions protect lives, improve urban and motorway mobility and support healthier communities. The company also solves complex payment, utilization and compliance challenges for fleet owners and rental car companies. Headquartered in Arizona, Verra Mobility operates in North America, Europe, Asia and Australia. For more information, please visit www.verramobility.com.
Forward Looking Statements
This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements include, but are not limited to, statements about Verra Mobility's plans, objectives, expectations, beliefs and intentions and other statements including words such as "hope," "anticipate," "may," "believe," "expect," "intend," "will," "should," "plan," "estimate," "predict," "continue" and "potential" or the negative of these terms or other comparable terminology. The forward-looking statements herein represent the judgment of the Verra Mobility, as of the date of this release, and Verra Mobility disclaims any intent or obligation to update forward-looking statements. Forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those currently anticipated. This press release should be read in conjunction with the information included in Verra Mobility's other press releases, reports and other filings with the SEC and on the SEC website, www.sec.gov. Understanding the information contained in these filings is important in order to fully understand Verra Mobility's reported financial results and our business outlook for future periods. Actual results may differ materially from the results anticipated in the forward-looking statements and the assumptions and estimates used as a basis for the forward-looking statements.
Additional Information
We periodically provide information for investors on our corporate website, www.verramobility.com, and our investor relations website, ir.verramobility.com. We intend to use our website as a means of disclosing material non-public information and for complying with disclosure obligations under Regulation FD. Accordingly, investors should monitor our website, in addition to following the Company's press releases, SEC filings and public conference calls and webcasts.
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| 2023-07-31T20:36:38
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BALTIMORE, July 31, 2023 /PRNewswire/ -- T. Rowe Price Group, Inc. (NASDAQ-GS: TROW) announced today that its Board of Directors has declared a quarterly dividend of $1.22 per share payable September 28, 2023, to stockholders of record as of the close of business on September 15, 2023.
ABOUT T. ROWE PRICE
Founded in 1937, T. Rowe Price (NASDAQ: TROW) helps people around the world achieve their long-term investment goals. As a large global asset management company known for investment excellence, retirement leadership, and independent proprietary research, the firm is built on a culture of integrity that puts client interests first. Investors rely on the award-winning firm for its retirement expertise and active management approach of equity, fixed income, alternatives, and multi-asset investment capabilities. T. Rowe Price manages $1.40 trillion in assets under management as of June 30, 2023, and serves millions of clients globally. News and other updates can be found on Facebook, Instagram, LinkedIn, Twitter, YouTube, and troweprice.com/newsroom.
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SOURCE T. Rowe Price Group, Inc.
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| 2023-07-31T20:36:38
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Sanford police investigating death of former school employee found with zip tie around neckPolk County man strikes gold, becomes overnight multi-millionaire in lottery scratch-off gamePowerful thunderstorms bring damaging winds, some flooding to metro OrlandoLori Vallow Daybell sentenced to life in prison for deaths of her 2 children, husband’s former wifePee-wee Herman actor Paul Reubens dies at 70
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A woman from New Hampshire who works for a nonprofit organization in Haiti and her young daughter have been reported as kidnapped as the U.S. State Department issued a "do not travel advisory" in the country and ordered nonemergency personnel to leave there amid growing security concerns.
Alix Dorsainvil, a nurse for El Roi Haiti, and her daughter were kidnapped on Thursday, the organization said in a statement Saturday. El Roi, which runs a school and ministry in Port au Prince, said the two were taken from campus. Dorsainvil is the wife of the program's director, Sandro Dorsainvil.
"Alix is a deeply compassionate and loving person who considers Haiti her home and the Haitian people her friends and family," El Roi president and co-founder Jason Brown said in the statement. "Alix has worked tirelessly as our school and community nurse to bring relief to those who are suffering as she loves and serves the people of Haiti in the name of Jesus."
A State Department spokesperson said in a statement Saturday it is "aware of reports of the kidnapping of two U.S. citizens in Haiti," adding, "We are in regular contact with Haitian authorities and will continue to work with them and our U.S. government interagency partners."
In its advisory Thursday, the department said that "kidnapping is widespread, and victims regularly include U.S. citizens."
It said kidnappings often involve ransom negotiations and U.S. citizen victims have been physically harmed.
Earlier this month, the National Human Rights Defense Network issued a report warning about an upsurge in killings and kidnappings and the U.N. Security Council met to discuss Haiti's worsening situation.
WMUR-TV reported that Dorsainvil is from Middleton, New Hampshire, and went to Regis College in Weston, Massachusetts, which has a program to support nursing education in Haiti.
"It doesn't surprise me that Alex chose to get involved in this type of service work," Regis College president Toni Hays told the station. "She was amazing. She was passionate, she was compassionate."
Trending stories at Scrippsnews.com
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https://www.wmar2news.com/us-mother-and-daughter-kidnapped-in-haiti-people-warned-not-to-go
| 2023-07-31T20:36:43
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Margot Klaber
Margot Klaber, born Ilse Margot Edith Ruth Liane Peritz, on January 30, 1925, in Hamburg, Germany- died on July 27, 2023, in Duluth, Minnesota.
Margot is a survivor: daughter of Alfred and Sophie Peritz, sister to Gerhart and Guenter, wife of Donald G. Klaber, mother to four children, Oma to eight grandchildren, and UrOma to ten great-grandchildren.
Margot grew up in Hamburg, Germany, with her brothers, Lutheran mother, and Jewish father. Being considered half-Jewish, the family experienced constant threats of arrest and deportation as they tried to remain invisible to the Nazi Party supporters. The family survived the firebombing of Hamburg by throwing incendiary bombs off the roof of their home. She spent the final months of the war in a prison that served as a concentration camp after being arrested for involvement with a Quaker youth group in her resistance to the war. The German government never acknowledged her unjust imprisonment. It was something that troubled her throughout her life.
In 1947, Margot immigrated to Sweden and New York City. There she met, befriended, fell in love, and married a dashing young British Army officer, Donald G. Klaber, who also happened to be German. After they married, they moved to Chicago, IL. In 1958, they moved to Duluth, MN, to open a co-op grocery store and raise their family.
Margot and Don were social activists. They were founding members of Duluth’s chapter of the NAACP, helped establish the Duluth/Superior Quaker Meeting, were active in the DFL, and strongly opposed all war and militarism.
In 1966, Margot completed coursework and became a St. Luke’s Hospital surgical technician. She was a respected member of the hospital’s surgical staff and developed such high regard that a private orthopedic practice attempted to hire her away.
With Don at her side during their later years, there were trips to Europe and cruises to warm waters. They traveled with grandchildren throughout the U.S. and Canada. Margot loved puzzles, knitting, sewing, baking, pottery, carpentry, DIY, weeding, shoveling, giving and receiving back rubs, wind-up toys, gummi bears, ice cream, music, and time with the beautiful family she helped build. She did not like pasta.
We will remember Margot for her strength in body, spirit, and mind; her warmth; her hard work; and her belief that it is only through kindness, charity, and genuinely listening to each other that humankind survives and thrives.
Margot is survived and cherished by her four children, eight grandchildren, and ten great-grandchildren: John (Lynn) Klaber; Dori (Steven) Bond; Cathy Klaber-Hartl (Bob Hartl); Nancy Klaber (Gary Nathan). Grandchildren: Megan Holleran (Philip), Allison Hartl (Matt Edling), Matthew Klaber, Kyle Hartl (Jessica), Jeanette Plumb (Jonny), William Bond (Maribeth), and Caroline and Julia Nathan. Her brother Guenter Peritz, her nephew Curtis Peritz, and close cousins Aki and Remy Peritz also survive her.
The family would like to thank the Alzheimer’s Association, The Victory Chorus, and the staffs at St. Croix Hospice and BeeHive Homes.
A private celebration of life is planned for the Spring.
Margot Klaber: Link to Human Fabric of Duluth Interview https://www.facebook.com/252943818536914/posts/pfbid0MiqJ6EdSE2tyStYNkH9PhbX7M2qgkNfNXXXY69DcNUmYMQS35imVddsMucPQxAVql/?mibextid=r5uJeJ
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13% Sequential Revenue Growth Including 10% Organic
Maintains Strong Balance Sheet Post-Acquisitions of Atreus and businessfourzero
CHICAGO, July 31, 2023 /PRNewswire/ -- Today Heidrick & Struggles International, Inc. (Nasdaq: HSII) ("Heidrick & Struggles", "Heidrick" or the "Company") announced financial results for its second quarter ended June 30, 2023.
Second Quarter Highlights:
- Net revenue of $271.2 million increased 13% sequentially, 10% organically
- Operating income of $13.6 million decreased $4.2 million sequentially and operating margin was 5.0%
- Adjusted operating income of $20.8 million increased 17% sequentially and adjusted operating margin was 7.7%
- Adjusted EBITDA of $36.4 million increased 33% sequentially and adjusted EBITDA margin was 13.4%
- Net income was $9.0 million and diluted earnings per share was $0.44; adjusted net income was $15.0 million and adjusted diluted earnings per share was $0.73
"We are very pleased with the second quarter results which included the first full quarter of results from our recent acquisition of Atreus Group ("Atreus") in our On-Demand Talent segment, as well as the results from businessfourzero ("B4Z") in our Heidrick Consulting segment. Even before the positive effects of these acquisitions, each of our lines of business demonstrated organic sequential growth, despite ongoing macro uncertainty and an anticipated return to more normalized levels of business performance. This validates our focus on the steadfast execution of our strategy while maintaining strong profitability," stated Heidrick & Struggles' President and Chief Executive Officer, Krishnan Rajagopalan. "Importantly, the integrations of both our recent acquisitions are progressing smoothly. We are advancing our diversification strategy while continuing to make appropriate investments in our digital capabilities and technologies throughout the company. These initiatives are aimed at providing our clients with the next generation of talent and leadership advisory services, enabling them to achieve higher performance through their leaders and teams in an ever-evolving business landscape."
2023 Second Quarter Results
Consolidated net revenue of $271.2 million compared to record consolidated net revenue of $298.7 million in the 2022 second quarter. Consolidated financial results include the first full quarter of contribution from the Company's recent acquisitions of Atreus and B4Z.
On a sequential basis, 2023 second quarter net revenue increased 13.3% from the 2023 first quarter, 10% of that growth was organic, as the Company experienced growth in Executive Search driven by the Americas and Europe markets, partially offset by a decline in the Asia Pacific market, along with sequential revenue growth in Heidrick Consulting and On-Demand Talent. 2023 second quarter adjusted operating income increased 17.2% and adjusted operating margin increased 30 basis points to 7.7% compared to 7.4% in the 2023 first quarter. Adjusted EBITDA of $36.4 million in the 2023 second quarter increased 33% sequentially and adjusted EBITDA margin increased 190 basis points to 13.4% compared to 11.5% in the 2023 first quarter. 2023 second quarter adjusted net income was $15.0 million compared to $15.6 million in the 2023 first quarter. This generated adjusted diluted earnings per share in the 2023 second quarter of $0.73 compared to $0.76 in the 2023 first quarter.
Executive Search net revenue of $206.8 million compared to net revenue of $253.9 million in the 2022 second quarter reflecting an anticipated market slowdown combined with a return to more normalized operating levels. Excluding the impact of exchange rate fluctuations, which negatively impacted results by 0.3%, or $0.8 million, net revenue decreased 18.2%, or $46.3 million, from the 2022 second quarter. Net revenue decreased 21.3% in the Americas (down 21.2% on a constant currency basis), decreased 5.3% in Europe (down 6.1% on a constant currency basis), and decreased 23.9% in Asia Pacific (down 20.5% on a constant currency basis) when compared to the prior year second quarter. The Social Impact and Industrial practice groups exhibited growth over the prior year.
The Company had 423 Executive Search consultants at June 30, 2023, compared to 388 at June 30, 2022. Productivity, as measured by annualized Executive Search net revenue per consultant, was $1.9 million compared to $2.6 million in the 2022 second quarter, reflecting a higher number of consultants combined with lower revenue. Average revenue per executive search was approximately $143,000 compared to $153,000 in the prior year period. The number of search confirmations decreased 12.7% compared to the year-ago period.
On-Demand Talent net revenue of $39.2 million, an increase of 75.5% compared to net revenue of $22.4 million in the 2022 second quarter, primarily due to the acquisition of Atreus, partially offset by a decrease in the volume of legacy on-demand projects.
Heidrick Consulting net revenue of $25.2 million compared to net revenue of $22.4 million in the 2022 second quarter. The Company had 89 Heidrick Consulting consultants at June 30, 2023, compared to 66 at June 30, 2022.
Consolidated salaries and benefits decreased $28.8 million, or 13.9%, to $178.9 million compared to $207.7 million in the 2022 second quarter. Year-over-year, fixed compensation expense increased $18.8 million due to base salaries and payroll taxes, the deferred compensation plan, reorganization, and retirement and benefits, as well as the acquisitions of Atreus and B4Z, partially offset by a decrease in stock compensation. Variable compensation decreased $47.6 million due to lower bonus accruals related to decreased consultant productivity. Salaries and benefits expense was 66.0% of net revenue for the quarter compared to 69.5% in the 2022 second quarter.
General and administrative expenses increased $5.3 million, or 15.1%, to $40.5 million compared to $35.2 million in the 2022 second quarter. The increase was due to intangible amortization and accretion, office occupancy, IT, and taxes and licenses, partially offset by a decrease in business development travel. As a percentage of net revenue, general and administrative expenses were 14.9% for the 2023 second quarter compared to 11.8% in the 2022 second quarter.
The Company's cost of services was $25.3 million, or 9.3% of net revenue for the quarter, compared to $17.4 million, or 5.8% of net revenue in the 2022 second quarter. This related to an increase in the volume of On-Demand Talent projects driven by the acquisition of Atreus.
The Company's research and development expenses were $5.7 million, or 2.1%, of net revenue for the quarter compared to $4.5 million, or 1.5%, of net revenue for the second quarter 2022.
In the 2023 second quarter, the Company recorded a non-cash goodwill impairment charge of $7.2 million associated with the Company's Heidrick Consulting segment. In the 2022 fourth quarter, the Company conducted its most recent annual goodwill impairment evaluation, which indicated that the carrying value of the Heidrick Consulting reporting unit was less than its fair value. During the 2023 second quarter, the Company acquired B4Z and recorded approximately $7.1 million of goodwill in the Heidrick Consulting reporting unit. Due to the inclusion of goodwill in a reporting unit with a pre-existing fair value shortfall, the Company identified a triggering event and performed an interim goodwill impairment evaluation during the 2023 second quarter, which resulted in the impairment of the recently acquired B4Z goodwill.
Including the previously mentioned non-cash impairment charge, operating income was $13.6 million for the quarter compared to $33.9 million in the 2022 second quarter. Operating income margin was 5.0% versus 11.3% in the 2022 second quarter. Excluding the non-cash impairment charge, adjusted operating income in the 2023 second quarter was $20.8 million and adjusted operating margin was 7.7%.
Adjusted EBITDA was $36.4 million compared to $36.8 million in the 2022 second quarter. Adjusted EBITDA margin was 13.4%, compared to 12.3% in the 2022 second quarter. In Executive Search, adjusted EBITDA was $53.9 million compared to $52.3 million in the prior year period. In On-Demand Talent, adjusted EBITDA was $2.6 million versus $0.6 million in the prior year period. In Heidrick Consulting, adjusted EBITDA was a loss of $1.6 million compared to a loss of $0.1 million in the prior year period.
Net income was $9.0 million and diluted earnings per share was $0.44, with an effective tax rate of 46.8%. This compares to net income of $24.1 million and diluted earnings per share of $1.19, with an effective tax rate of 30.9% in the 2022 second quarter. Excluding the non-cash impairment charge recorded in the 2023 second quarter, adjusted net income was $15.0 million and adjusted diluted earnings per share was $0.73, with an adjusted effective tax rate of 37.7%.
Net cash provided by operating activities was $46.9 million, compared to $82.7 million in the 2022 second quarter. Cash, cash equivalents and marketable securities at June 30, 2023 was $239.0 million compared to $336.6 million at June 30, 2022 and $621.6 million at December 31, 2022. The Company's cash position typically builds throughout the year as employee bonuses are accrued, mostly to be paid out in the first half of the year.
2023 Six Months Results
For the six months ended June 30, 2023, consolidated net revenue was $510.5 million compared to $582.6 million in the first six months of 2022. Excluding the impact of exchange rate fluctuations, which negatively impacted results by 1.0%, or $6.1 million, consolidated net revenue decreased 11.3%, or $65.9 million, compared to the prior year period.
Executive Search net revenue in the first six months of 2023 decreased 20.0%, or $99.2 million, to $397.3 million from $496.5 million in the first six months of 2022. Excluding the impact of exchange rate fluctuations, which negatively impacted results by 1.0%, or $5.1 million, net revenue decreased 19.0%, or $94.1 million. Net revenue decreased 21.5% in the Americas (decreased 21.3% on a constant currency basis), decreased 13.7% in Europe (decreased 11.3% on a constant currency basis), and decreased 21.9% in Asia Pacific (decreased 18.0% on a constant currency basis). Only the Social Impact and Industrial practice groups exhibited growth over the prior year. Productivity was $1.9 million for the first six months of 2023 compared to $2.6 million in the first six months of 2022. The average revenue per executive search was $133,000 in the first six months of 2023 compared to $137,000 the same period in 2022, while search confirmations decreased 17.6%.
On-Demand Talent net revenue in the first six months of 2023 was $70.4 million compared to $45.7 million in the same period of 2022. The increase in net revenue was primarily driven by the acquisition of Atreus, as well as an increase in the volume of legacy on-demand projects.
Heidrick Consulting net revenue in the first six months of 2023 increased 6.3%, or $2.5 million, to $42.9 million from $40.4 million in the first six months of 2022. Excluding the impact of exchange rate fluctuations, which negatively impacted results by 2.0%, or $0.8 million, Heidrick Consulting revenue increased 8.3%, or $3.3 million, compared to the prior year period.
Operating income for the first six months of 2023 was $31.4 million compared to operating income of $64.1 million in the same period of 2022. The operating income margin was 6.1% compared to 11.0% in the first six months of 2022. Excluding the non-cash impairment charge recorded in the 2023 year-to-date period, adjusted operating income was $38.6 million and adjusted operating income margin was 7.6%.
Adjusted EBITDA for the first six months of 2023 was $63.8 million and adjusted EBITDA margin was 12.5%, compared to adjusted EBITDA of $72.5 million and adjusted EBITDA margin of 12.4% for the same period in 2022. In Executive Search, adjusted EBITDA was $102.3 million compared to $104.2 million in the prior year period. In On-Demand Talent, adjusted EBITDA was $1.2 million versus $0.9 million in the prior year period. In Heidrick Consulting, adjusted EBITDA was a loss of $4.3 million compared to a loss of $1.9 million in the prior year period.
Net income for the first six months of 2023 was $24.6 million and diluted earnings per share was $1.19, with an effective tax rate of 38.1%. This compares to net income of $42.6 million and diluted earnings per share of $2.08, with an effective tax rate of 32.2%, in the first six months of 2022. Excluding the restructuring charge recorded in the 2023 year-to-date period, adjusted net income was $30.6 million and adjusted diluted earnings per share was $1.48 with an adjusted effective tax rate of 34.8%.
Dividend
The Board of Directors declared a 2023 second quarter cash dividend of $0.15 per share payable on August 25, 2023, to shareholders of record at the close of business on August 11, 2023.
2023 Third Quarter Outlook
The Company expects 2023 third quarter consolidated net revenue of between $245 million and $265 million, which reflects typical summer seasonality, while acknowledging that continued fluidity in external factors, such as the foreign exchange and interest rate environments, foreign conflicts, inflation and macroeconomic constraints on pricing actions, may impact quarterly results. In addition, this outlook is based on the average currency rates in June 2023 and reflects, among other factors, management's assumptions for the anticipated volume of new Executive Search confirmations, On-Demand Talent projects, and Heidrick Consulting assignments, consultant productivity, consultant retention, and the seasonality of the business along with the current backlog.
Quarterly Webcast and Conference Call
Heidrick & Struggles will host a conference call to review its second quarter results today, July 31, 2023 at 5:00 pm Eastern Time. Participants may access the Company's call and supporting slides through its website at www.heidrick.com or by dialing (888) 440-4091 or (646) 960-0846, conference ID# 6106012. For those unable to participate on the live call, a webcast and copy of the slides will be archived at www.heidrick.com and available for up to 30 days following the investor call.
About Heidrick & Struggles International, Inc.
Heidrick & Struggles (Nasdaq: HSII) is a premier provider of global leadership advisory and on-demand talent solutions, serving the senior-level talent and consulting needs of the world's top organizations. In our role as trusted leadership advisors, we partner with our clients to develop future-ready leaders and organizations, bringing together our services and offerings in executive search, diversity and inclusion, leadership assessment and development, organization and team acceleration, culture shaping and on-demand, independent talent solutions. Heidrick & Struggles pioneered the profession of executive search more than 65 years ago. Today, the firm provides integrated talent and human capital solutions to help our clients change the world, one leadership team at a time. ® www.heidrick.com
Non-GAAP Financial Measures
To supplement the financial results presented in accordance with generally accepted accounting principles in the United States ("GAAP"), Heidrick & Struggles presents certain non-GAAP financial measures. A "non-GAAP financial measure" is defined as a numerical measure of a company's financial performance that excludes or includes amounts different than the most directly comparable measure calculated and presented in accordance with GAAP in the statements of comprehensive income, balance sheets or statements of cash flow of the Company.
Non-GAAP financial measures used within this earnings release are adjusted operating income, adjusted operating income margin, adjusted net income, adjusted diluted earnings per share, adjusted effective tax rate, adjusted EBITDA, adjusted EBITDA margin, and consolidated net revenue excluding the impact of exchange rate fluctuations. These measures are presented because management uses this information to monitor and evaluate financial results and trends. Management believes this information is also useful for investors to evaluate the comparability of financial information presented. Reconciliations of these non-GAAP financial measures to the most directly comparable measures calculated and presented in accordance with GAAP are provided as schedules attached to this release.
Adjusted operating income reflects the exclusion of goodwill impairment.
Adjusted operating income margin refers to adjusted operating income as a percentage of net revenue in the same period.
Adjusted net income and adjusted diluted earnings per share reflect the exclusion of goodwill impairment, net of tax.
Adjusted effective tax rate reflects the exclusion of goodwill impairment, net of tax.
Adjusted EBITDA refers to earnings before interest, taxes, depreciation, intangible amortization, equity-settled stock compensation expense, earnout accretion, earnout obligation adjustments, contingent compensation related to acquisitions, deferred compensation plan income and expense, reorganization costs, impairment charges, restructuring charges, and other non-operating income (expense).
Adjusted EBITDA margin refers to adjusted EBITDA as a percentage of net revenue in the same period.
The Company evaluates its results of operations on both an as reported and a constant currency basis. The constant currency presentation is a non-GAAP financial measure, which excludes the impact of fluctuations in foreign currency exchange rates. The Company believes providing constant currency information provides valuable supplemental information regarding its results of operations, consistent with how it evaluates its performance. The Company calculates constant currency percentages by converting its financial results in a local currency for a period using the average exchange rate for the prior period to which it is comparing. This calculation may differ from similarly titled measures used by other companies.
Safe Harbor Statement
This press release contains forward-looking statements within the meaning of the federal securities laws, including statements regarding guidance for the third quarter of 2023. The forward-looking statements are based on current expectations, estimates, forecasts, and projections about the industry in which we operate and management's beliefs and assumptions. Forward-looking statements may be identified by the use of words such as "expects," "anticipates," "intends," "plans," "believes," "seeks," "estimates," "outlook," "projects," "forecasts," "aim" and similar expressions. Forward-looking statements are not guarantees of future performance, rely on a number of assumptions, and involve certain known and unknown risks and uncertainties that are difficult to predict, many of which are beyond our control. Factors that may cause actual outcomes and results to differ materially from what is expressed, forecasted, or implied in the forward-looking statements include, among other things, our ability to attract, integrate, develop, manage and retain qualified consultants and senior leaders; our ability to prevent our consultants from taking our clients with them to another firm; our ability to maintain our professional reputation and brand name; our clients' ability to restrict us from recruiting their employees; our heavy reliance on information management systems; risks arising from our implementation of new technology and intellectual property to deliver new products and services to our clients; our dependence on third parties for the execution of certain critical functions; the fact that we face the risk of liability in the services we perform; the fact that data security, data privacy and data protection laws and other evolving regulations and cross-border data transfer restrictions may limit the use of our services and adversely affect our business; any challenges to the classification of our on-demand talent as independent contractors; the increased cybersecurity requirements, vulnerabilities, threats and more sophisticated and targeted cyber-related attacks that could pose a risk to our systems, networks, solutions, services and data; the impacts, direct and indirect, of the COVID-19 pandemic (including the emergence of variant strains) or other highly infectious or contagious disease on our business, our consultants and employees, and the overall economy; the aggressive competition we face; the fact that our net revenue may be affected by adverse economic conditions including inflation, the impact of foreign currency exchange rate fluctuations; our ability to access additional credit; social, political, regulatory, legal and economic risks in markets where we operate, including the impact of the ongoing war in Ukraine and the risks of an expansion or escalation of that conflict; unfavorable tax law changes and tax authority rulings; the timing of the establishment or reversal of valuation allowance on deferred tax assets; the fact that we may not be able to align our cost structure with net revenue; any impairment of our goodwill, other intangible assets and other long-lived assets; our ability to execute and integrate future acquisitions; and the fact that we have anti-takeover provisions that could make an acquisition of us difficult and expensive. We caution the reader that the list of factors may not be exhaustive. For more information on these risks, uncertainties and other factors, refer to our Annual Report on Form 10-K for the year ended December 31, 2022, under the heading "Risk Factors" in Item 1A, as updated in Part II of our subsequent Quarterly Reports on Form 10-Q, and other filings with the Securities and Exchange Commission. The forward-looking statements contained in this press release speak only as of the date of this press release. We undertake no obligation to update publicly any forward-looking statements, whether as a result of new information, future events or otherwise.
Contacts:
Investors & Analysts:
Suzanne Rosenberg, Vice President, Investor Relations
srosenberg@heidrick.com
Media:
Nina Chang, Vice President, Corporate Communications
nchang@heidrick.com
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CHARLOTTE, N.C., July 31, 2023 /PRNewswire/ -- Ten Oaks Group, a recognized family office and standout in the corporate carve out sector, proudly announces the addition of four exceptional professionals to its esteemed team of Operating Partners. The recent hiring of James Deng, Greg Warren, David Izquierdo, and Lauren Celano underscores Ten Oaks Group's commitment to bringing accomplished talent with diverse capabilities and amplifying its capacity for turnaround, legal, and international investment exceptionalism.
James Deng assumes the position of Operating Partner at Ten Oaks Group. Prior to joining, he was a Vice President at Audax Private Equity supporting value creation initiatives. James has also served as Director of Revenue Growth Management at Keurig Dr Pepper and a management consultant at Ernst & Young focused on Corporate and Growth Strategy.
Greg Warren brings a wealth of legal and restructuring knowledge as he joins as Assistant General Counsel and Operating Partner. Greg previously was a member of White & Case LLP's financial restructuring and insolvency practice, representing debtors and creditors both in and out of bankruptcy. Greg has experience in operational, corporate, and financial matters, as well as litigation and acquisitions.
David Izquierdo joins as an Operating Partner focused on Ten Oaks Group's European portfolio companies. Prior to Ten Oaks, David focused on designing and implementing strategic and transformation programs across a wide variety of industries in roles in corporate development at Selenis and management consulting at Monitor Deloitte and PwC.
Lastly, Lauren Celano joins the team as Associate Operating Partner, leveraging her vast experience from the healthcare and pharmaceutical industries, where she also led business development efforts. Additionally, she has experience at Alvarez & Marsal and other private equity and venture capital firms.
"At Ten Oaks Group, we believe that attracting top-notch talent is essential for leading value creation efforts for our portfolio," said Kendall Thurlow, head of value creation at Ten Oaks Group. "Lauren, James, David, and Greg embody the caliber of professionals we seek to bring on board, and we are excited to welcome them as valuable members of our team of Operating Partners."
Ten Oaks Group is committed to cultivating a dynamic and growth-oriented environment for its practitioners. With a commitment to fostering private equity careers, the company offers comprehensive opportunities for professional development and advancement.
To learn more about the background and expertise of the newly hired Operating Partners and explore potential career opportunities with Ten Oaks Group, visit www.tenoaksgroup.com.
About Ten Oaks Group:
Ten Oaks Group is a family office focused exclusively on investing in corporate divestitures. It brings speed, flexibility and certainty to divestitures of non-core businesses that no longer fit their parent company's corporate strategy. Following acquisition, Ten Oaks Group leverages its experienced team of Operating Partners to manage the transition and separation process and implement operational strategies that reveal and optimize the underlying potential of each business.
Each company within Ten Oaks Group operates independently under its own dedicated management team and receives management support services from Ten Oaks Management, LLC. Ten Oaks Group was founded by Matt Magan and Mike Hahn and has closed 25 carve-out transactions across 10 countries since inception.
To learn more about Ten Oaks Group's unique approach to corporate divestitures, please visit www.tenoaksgroup.com.
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| 2023-07-31T20:36:44
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Funding by California Transportation Commission and Oregon Department of Environmental Quality
LONG BEACH, Calif., July 31, 2023 /PRNewswire/ -- On the heels of opening the nation's largest public charging depot for electric commercial trucks at the Port of Long Beach, WattEV announced today it has secured $40.5 million in grants to further expand its growing network of electric truck stops into Northern California and Oregon.
WattEV, the industry leader in heavy-duty freight electrification, has been awarded two separate grants: one for a solar-powered truck charging depot across Interstate 5 from the airfreight hub adjacent to Sacramento International Airport, and another for a grid-connected charging depot along Interstate 5 in Salem, Ore.
WattEV has secured a $34 million federal grant through the California Transportation Commission to build and operate what will become the nation's largest electric charging depot on more than 100 acres of land immediately south of Sacramento International Airport (SMF) on Interstate 5.
The SMF project is expected to open in mid- to late-2025 with 15.6 MW of solar power supplemented by 7.2 MW of grid power supplied by the Sacramento Municipal Utility District.
The SMF depot will have 30 DC fast chargers for passenger vehicles, 90 high-power CCS-1 cords for medium- and heavy-duty commercial electric vehicles, and 18 megawatt cords for pass-through charging of HD trucks using the upcoming Megawatt Charging Standard (MCS).
"We're proud to partner with WattEV as they continue to advance transition of U.S. trucking transport to zero emissions," said Cindy Nichol, Director of Sacramento County Department of Airports. "Sacramento International Airport's proximity to one of largest goods distribution centers in the state makes this an ideal location to serve California's 'electric highway.'"
WattEV was also awarded $6.5 million from the Oregon Department of Environmental Quality to build a 6-acre EV charging depot. The Salem, Ore., site will be grid-connected in cooperation with Portland General Electric.
Planning for the Salem electric truck stop includes 30 CCS 240 KW chargers and six MCS 1200 KW chargers. It's expected to open in 2025 as well.
"These grant awards will allow us to meet our plans to expand our network of electric-truck charging depots from the Mexican border to Portland, Oregon, via Interstate 5, on what government planners and industry stakeholders are calling the 'electric highway,'" explained WattEV co-founder and CEO Salim Youssefzadeh.
The grant for the SMF project comes from the U.S. Department of Transportation's "Trade Corridor Enhancement Program," which distributes funding through state transportation agencies.
"We're building out the West Coast corridor while also reaching eastward along the I-10 toward Arizona and Texas and, eventually, to the East Coast," Youssefzadeh said. "To expand the WattEV network, we'll match our grants with private capital to fund this massive infrastructure buildout."
WattEV selects the locations of its charging depots based on analysis of freight routes, range of electric trucks and energy supply.
"We picked our site in Sacramento because of its strategic location next to the Metro Air Park Logistics Center, where more than 10-million square-feet of warehouse space is planned," said Youssefzadeh, "and its close proximity to downtown Sacramento – just 10 minutes away."
Sacramento County and surrounding areas contain one of the largest concentrations of California's goods distribution centers, serving many of the largest shippers in the country.
The Sacramento Metropolitan Air Quality Management District (Sac Metro Air District) has committed to working closely with WattEV on the project as it will have significant air quality benefits for Sacramento.
"Emissions from fossil-fuel powered cars and trucks are the largest source of air pollution in the Sacramento region," said Sac Metro Air District Transportation and Climate Change Program Manager Raef Porter. "Over the past 25 years, the Air District has invested $300 million in clean air projects. We're proud to continue that commitment by partnering with WattEV on this transformative solar-powered, electric charging depot. Building new electric vehicle infrastructure is imperative to the successful transition to clean transportation and ensuring a clean air and low carbon future for all."
The SMF depot will initially serve as a charging hub for local and regional distribution centers, and later as a depot serving the north-south freight corridor stretching from WattEV's newly opened charging depot in the Port of Long Beach, connecting to Oregon and Washington state.
"We not only have the demand for regional distribution in Sacramento County," Youssefzadeh explained, "but we also have existing shippers asking us to transport freight from their logistic centers in the Los Angeles area to distribution centers of retailers in Sacramento."
About WattEV
WattEV's mission is to accelerate the transition of U.S. trucking transport to zero emissions. It relies on a combination of business and technology innovations to create charging infrastructure and data-driven workflow that provide truckers and fleet operators the lowest total cost of ownership. WattEV's goal is to get 12,000 heavy-duty electric trucks on California roads by the end of 2030, exceeding existing forecasts. More information is available online at www.WattEV.com.
About the Sac Metro Air District
The Sac Metro Air District is the leading Sacramento region agency responsible for monitoring air quality, reducing air pollution, enforcing air quality regulations, and promoting decarbonization efforts through innovative incentive programs and projects. The Air District also works to ensure clean air and meet National Ambient Air Quality standards. For more information about the Air District, please visit www.AirQuality.org.
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ST. JOSEPH, Mo. — (AP) — The Kansas City Chiefs need look no further than last season's playoffs, and the sight of Patrick Mahomes hobbling to the sideline against the Jacksonville Jaguars with a high ankle sprain, to understand the importance in protecting their quarterback.
Yet oddly enough, they were OK watching both of their starting offensive tackles leave in free agency.
The big blow was the departure of left tackle Orlando Brown Jr., for whom the Chiefs paid the Ravens handsomely in a trade, when the two sides failed to reach an agreement on a long-term deal.
But nearly as painful was the loss of right tackle Andrew Wylie, who had gone from an afterthought fighting for a job to one of the more reliable players along the offensive line.
Rarely do the Chiefs make such moves without a plan, though. General manager Brett Veach acted quickly to sign ex-Tampa Bay tackle Donovan Smith to handle the left side and former Jacksonville tackle Jawaan Taylor to handle the right, then Veach used a third-round pick on Oklahoma's Wanya Morris to create instant competition at both positions.
So far, Chiefs coach Andy Reid — an old offensive line coach — has liked what he's seen.
“You're never sure exactly what you're going to get there,” Reid said, “but they're competing and that's important. That's an important part of this, that you're able to push through these practices, run and pass. I like the way they work their game.”
The decision to put Mahomes' health in the hands of Smith and Taylor is a gamble, though. Neither of them graded out particularly well last season, depending on the metric you use, though both of them have shown flashes of high-level play in the past.
Smith, for example, ranked No. 66 among 81 offensive tackles by Pro Football Focus. Taylor was just one spot better.
But the Chiefs have established a track record of unlocking the potential in relatively unheralded players, particularly along the offensive line, where assistant coach Andy Heck is among the best in the business.
Wylie is a prime example: He was undrafted out of Eastern Michigan and wound up earning two Super Bowl rings in Kansas City before signing with Washington.
“All of us have played a lot of football and a lot of big games, tough games,” Taylor said. “We’re all smart mentally, physically. It’s just more so we’re tying in each and every individual aspect of who we are and how we play and tying it together and figuring out what works, what meshes. You know, just the many things we bring to the table per guy I would say is our strength.”
Another strength is having one of the best interior offensive lines in the NFL. Left guard Joe Thuney is considered one of the top five in the league at his position, right guard Trey Smith is likewise considered a top-tier guard, and center Creed Humphrey was picked for the Pro Bowl in just his second season in the league.
It also helps having Mahomes calling out the signals.
“Just a great leader man. He brings that energy every day, you know? He holds everybody accountable,” Donovan Smith said. "You mess up, we are going to redo it. Even in the walk-throughs and the learning periods, we always slow it down and we get to learn the offense. That’s been helping me a lot with the walk-throughs and learning the things they like doing here.”
The Chiefs were fortunate to overcome Mahomes' ankle injury in the playoffs. He returned in the second half to lead them past Jacksonville in the divisional round, and he hobbled through an AFC title game-thriller against Cincinnati, before hurting the ankle again in the Super Bowl — and then leading the Chiefs past Philadelphia for the Lombardi Trophy.
The pressure is on the Chiefs' new offensive tackles to prevent the same such stress this season.
NOTES: RB Clyde Edwards-Helaire returned to practice Monday after missing the previous two with an illness. ... TE Jody Fortson (shoulder), WR Kadarius Toney (knee) and DE Mike Danna (calf) were among those that remained out. P Tommy Townsend also spent time in the medical tent, though no reason was given by the Chiefs. ... DT Chris Jones continued his holdout. He has been fined $50,000 for each day missed, which brings the total to $550,000. ... The Chiefs had a short practice Monday after three consecutive workouts in pads. They are off Tuesday before resuming camp Wednesday.
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Published: Jul. 31, 2023 at 3:15 PM CDT|Updated: 21 minutes ago
Second Quarter Highlights
Second quarter 2023 net income attributable to Huntsman of $19 million compared to $228 million in the prior year period; second quarter 2023 diluted earnings per share of $0.11 compared to $1.10 in the prior year period.
Second quarter 2023 adjusted net income attributable to Huntsman of $39 million compared to $250 million in the prior year period; second quarter 2023 adjusted diluted earnings per share of $0.22 compared to $1.21 in the prior year period.
Second quarter 2023 adjusted EBITDA of $156 million compared to $410 million in the prior year period.
Second quarter 2023 net cash provided by operating activities from continuing operations was $40 million. Free cash flow from continuing operations was a use of cash of $11 million for the second quarter 2023 compared to a source of cash of $178 million in the prior year period.
Repurchased approximately 3.8 million shares for approximately $98 million in the second quarter 2023.
THE WOODLANDS, Texas, July 31, 2023 /PRNewswire/ -- Huntsman Corporation (NYSE: HUN) today reported second quarter 2023 results with revenues of $1,596 million, net income attributable to Huntsman of $19 million, adjusted net income attributable to Huntsman of $39 million and adjusted EBITDA of $156 million.
Peter R. Huntsman, Chairman, President, and CEO, commented:
"During the quarter, business activity in each of our core regions remained under pressure, although we did see demand fundamentals in many of our core markets stabilize, albeit at a lower level than the prior year. We continued to drive efficiencies in our cost structure which will ensure we are well positioned to improve profitability once demand returns to a more normalized level. We remain positive on the long-term trends and value we will capture in energy efficiency and lightweighting in the construction, transportation, and industrial markets. Over the past several years we have made a significant effort to reduce leverage and drive capital discipline. The output of this effort is now allowing us to return significant amounts of capital to shareholders during a year which for the chemical industry may end up being just as, if not more, challenging than the pandemic year 2020. Our financial strength is also allowing us to evaluate both organic and in-organic investment opportunities to strengthen our Company for the long-term, however, we will continue to be disciplined with our available capital and protect our investment grade rating."
Segment Analysis for 2Q23 Compared to 2Q22
Polyurethanes
The decrease in revenues in our Polyurethanes segment for the three months ended June 30, 2023 compared to the same period of 2022 was primarily due to lower sales volumes, lower MDI average selling prices and the negative impact of foreign currency exchange rate movements against the U.S dollar. Sales volumes decreased primarily due to lower demand, primarily in the Americas. MDI average selling prices decreased primarily due to less favorable supply and demand dynamics. The decrease in segment adjusted EBITDA was primarily due to lower sales volumes, lower MDI margins, the negative impact of foreign currency exchange rate movements against the U.S. dollar and a gain from an insurance settlement received in the second quarter of 2022, partially offset by higher equity earnings from our minority-owned joint venture in China and cost savings achieved from our cost optimization programs.
Performance Products
The decrease in revenues in our Performance Products segment for the three months ended June 30, 2023 compared to the same period of 2022 was primarily due to lower sales volumes and reduced average selling prices, partially offset by improved sales mix. Sales volumes decreased in all regions primarily due to slowing construction activity, and reduced demand in coatings and adhesives, lubes and other industrial markets. The decrease in segment adjusted EBITDA was primarily due to decreased sales volumes and lower average selling prices.
Advanced Materials
The decrease in revenues in our Advanced Materials segment for the three months ended June 30, 2023 compared to the same period of 2022 was primarily due to lower sales volumes, partially offset by higher average selling prices. Sales volumes decreased primarily due to reduced customer demand in our infrastructure markets and the deselection of lower margin business. Average selling prices increased largely due to improved sales mix. The decrease in segment adjusted EBITDA was primarily due to lower sales volumes.
Corporate, LIFO and other
For the three months ended June 30, 2023, adjusted EBITDA from Corporate and other was a loss of $38 million, which remained the same as a loss of $38 million for the same period of 2022.
Liquidity and Capital Resources
During the three months ended June 30, 2023, our free cash flow from continuing operations was a use of cash of $11 million as compared to a source of cash of $178 million in the same period of 2022. As of June 30, 2023, we had approximately $1.9 billion of combined cash and unused borrowing capacity.
During the three months ended June 30, 2023, we spent $51 million on capital expenditures from continuing operations as compared to $65 million in the same period of 2022. During 2023, we expect to spend between $230 million to $250 million on capital expenditures.
Income Taxes
In the second quarter of 2023, our effective tax rate was 46% and our adjusted effective tax rate was 39%. We expect our 2023 adjusted effective tax rate to be approximately 26% to 29%. We expect our long-term adjusted effective tax rate to be approximately 22% to 24%. Our second quarter 2023 tax expense was negatively impacted by an $8 million non-cash valuation allowance increase.
Earnings Conference Call Information
We will hold a conference call to discuss our second quarter 2023 financial results on Tuesday, August 1, 2023, at 10:00 a.m. ET.
The conference call will be accompanied by presentation slides that will be accessible via the webcast link and Huntsman's investor relations website, www.huntsman.com/investors. Upon conclusion of the call, the webcast replay will be accessible via Huntsman's website.
Upcoming Conferences During the third quarter 2023, a member of management is expected to present at: UBS Chemical Conference on September 6, 2023 Jefferies Industrials Conference on September 7, 2023
A webcast of the presentation, if applicable, along with accompanying materials will be available at www.huntsman.com/investors.
About Huntsman: Huntsman Corporation is a publicly traded global manufacturer and marketer of differentiated and specialty chemicals with 2022 revenues of approximately $8 billion from our continuing operations. Our chemical products number in the thousands and are sold worldwide to manufacturers serving a broad and diverse range of consumer and industrial end markets. We operate more than 60 manufacturing, R&D and operations facilities in approximately 30 countries and employ approximately 7,000 associates within our continuing operations. For more information about Huntsman, please visit the company's website at www.huntsman.com.
Forward-Looking Statements: This press release includes "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements include statements concerning our plans, objectives, goals, strategies, future events, future revenue or performance, capital expenditures, financing needs, plans or intentions relating to acquisitions, divestitures or strategic transactions, business trends and any other information that is not historical information. When used in this press release, the words "estimates," "expects," "anticipates," "likely," "projects," "outlook," "plans," "intends," "believes," "forecasts," or future or conditional verbs, such as "will," "should," "could" or "may," and variations of such words or similar expressions are intended to identify forward-looking statements. These forward-looking statements, including, without limitation, management's examination of historical operating trends and data, are based upon our current expectations and various assumptions and beliefs. In particular, such forward-looking statements are subject to uncertainty and changes in circumstances and involve risks and uncertainties that may affect the Company's operations, markets, products, prices and other factors as discussed in the Company's filings with the Securities and Exchange Commission (the "SEC"). Significant risks and uncertainties may relate to, but are not limited to, increased energy costs in Europe, inflation and resulting monetary tightening in the US, geopolitical instability, volatile global economic conditions, cyclical and volatile product markets, disruptions in production at manufacturing facilities, reorganization or restructuring of the Company's operations, including any delay of, or other negative developments affecting the ability to implement cost reductions and manufacturing optimization improvements in the Company's businesses and to realize anticipated cost savings, and other financial, operational, economic, competitive, environmental, political, legal, regulatory and technological factors. Any forward-looking statement should be considered in light of the risks set forth under the caption "Risk Factors" in our Annual Report on Form 10-K for the year ended December 31, 2022, which may be supplemented by other risks and uncertainties disclosed in any subsequent reports filed or furnished by the Company from time to time. All forward-looking statements apply only as of the date made. Except as required by law, the Company undertakes no obligation to update or revise forward-looking statements to reflect events or circumstances that arise after the date made or to reflect the occurrence of unanticipated events.
The above press release was provided courtesy of PRNewswire. The views, opinions and statements in the press release are not endorsed by Gray Media Group nor do they necessarily state or reflect those of Gray Media Group, Inc.
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SoftwareReviews' latest Data Quadrant report highlights the top-rated CRM software solutions in the current market that are successfully harnessing the technological trends.
TORONTO, July 31, 2023 /PRNewswire/ - SoftwareReviews, a leading source for insights on the software provider landscape, has revealed its new 2023 Customer Relationship Management (CRM) Data Quadrant Report, which highlights the top ten CRM solutions in the enterprise, midmarket, and small business spaces for the year.
In an era defined by digital transformation, organizations are strategically adapting to fortify their customer relationships, as corroborated by the recent 2023 Data Quadrant report from SoftwareReviews. The report and its list of Customer Relationship Management (CRM) software points to the substantial expansion of the CRM industry as organizations strive to consolidate their customer experiences across various sectors, such as sales, marketing, and customer service.
"As digital technology and transformation further embed themselves into our personal and professional lives, our expectations for quality customer experience increase," says Robert Fayle, research advisory lead at Info-Tech Research Group. "With the advent of generative AI and other AI and machine learning technologies, customers now demand a personalized experience. To meet these demands, organizations need to procure CRM platforms that enable personal interactions and that are also heavily investing in the adoption of these new technologies."
Although CRM adoption has its challenges, including the need for organizational cultural shifts, extensive employee training, and stringent data privacy measures, the potential benefits are substantial. From improved customer service to streamlined marketing efforts and increased sales, well-executed CRM systems can be transformative.
The integration of artificial intelligence (AI) is introducing a new dimension to CRM systems, automating routine tasks, predicting customer behaviors, and identifying potential sales leads. As the CRM industry continues to evolve rapidly, driven by technological advancements and the rising relevance of mobile and social CRM platforms, it underscores the importance of overcoming implementation challenges to fully harness the power of CRM in the digital economy.
The 2023 Enterprise Customer Relationship Management Software Gold Medalists are as follows:
- Zoho CRM, 8.6 CS, ranked high for ease of customization.
- Oracle PeopleSoft CRM, 8.4 CS, ranked high for business value creation.
The 2023 Midmarket Customer Relationship Management Software Gold Medalists are as follows:
- NetSuite CRM, 8.9 CS, ranked high for lead management.
- ActiveCampaign, 8.8 CS, ranked high for quality of features.
- Salesforce Sales Cloud Professional, 8.6 CS, ranked high for its breadth of features.
- Agile CRM, 8.6 CS, ranked high for ease of implementation.
- Sage CRM, 8.6 CS, ranked high for sales management.
The 2023 Small Business Customer Relationship Management Software Gold Medalists are as follows:
- ConvergeHub, 9.0 CS, ranked high for lead management.
- Less Annoying CRM, 8.9 CS, ranked high for usability and intuitiveness.
- Pipeliner CRM, 8.8, ranked high for ease of data integration.
Cloud-based CRM systems now offer the flexibility of remote access and management, while advanced analytics tools empower organizations to derive actionable insights from the overwhelming influx of customer data. Concurrently, mobile and social CRM platforms are gaining prominence as essential tools for successful customer engagement. As the digital landscape evolves, these innovative platforms will continue to redefine customer interaction and shape the future of customer relationship management.
The full report is now accessible on the firm's website, which is updated in real time to reflect new reviews and ratings.
User assessments of software categories on SoftwareReviews provide an accurate and detailed view of the constantly changing market. SoftwareReviews' reports are informed by data from users and IT professionals who have intimate experience with the software throughout the procurement, implementation, and maintenance processes.
For more information about SoftwareReviews, the Emotional Footprint, or the Data Quadrant, or to access resources to support the software selection process, visit softwarereviews.com
SoftwareReviews empowers organizations with the best data, insights, and advice to improve the software buying and selling experience.
For buyers, SoftwareReviews' proven software selection methodologies, customer insights, and technology advisors help maximize success with technology decisions. For providers, the firm helps build more effective marketing, product, and sales processes with expert analysts, how-to research, customer-centric marketing content, and comprehensive analysis of the buyer landscape.
SoftwareReviews is a division of Info-Tech Research Group, a world-class information technology research and advisory firm.
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ENGLEWOOD, Colo., July 31, 2023 /PRNewswire/ -- WOW! Internet, TV & Phone (NYSE: WOW), a leading broadband provider in the United States, announced today it will host a webcast and conference call on Tuesday, August 8, 2023, at 8:00 a.m. ET to discuss financial and operating results for the second quarter 2023. WOW! will issue a news release reporting its results earlier that morning.
The conference call will be broadcast live on the company's investor relations website at ir.wowway.com. Those parties interested in participating via telephone should dial (888) 330-3556 with the conference ID number 4844814. International callers should dial (646) 960-0826 and use the same conference ID number.
A replay of the call will be available August 8, 2023, at 11:00 a.m. ET, on the investor relations website or by telephone. To access the telephone replay, which will be available until August 22, 2023, at 11:59 p.m. ET, please dial (800) 770-2030 or (647) 362-9199 and use conference ID 4844814.
About WOW! Internet, TV & Phone
WOW! is one of the nation's leading broadband providers, with an efficient and high-performing network that passes nearly 2 million residential, business and wholesale consumers. WOW! provides services in 15 markets, primarily in the Midwest and Southeast, including Michigan, Alabama, Tennessee, South Carolina, Georgia and Florida, including the new all-fiber network in Central Florida. With an expansive portfolio of advanced services, including high-speed Internet services, cable TV, home phone, mobile phone, business data, voice, and cloud services, the company is dedicated to providing outstanding service at affordable prices. WOW! also serves as a leader in exceptional human resources practices, having been recognized 10 times by the National Association for Business Resources as a Best & Brightest Company to Work For in the Nation, winning the award for the last six consecutive years and making the 2022 Top 101 National Winners list. Visit wowway.com for more information.
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WASHINGTON — (AP) — A poster hanging at the DC Open site shows Frances Tiafoe — a competitor in the field from nearby Maryland — flanked by other men such as Andy Murray and Taylor Fritz and women such as Coco Gauff and Jessica Pegula.
It is a simple visualization of a complicated change to a tournament that began Monday and has been around for men since 1969, added women via a simultaneous but lower-tier and less-promoted event in 2009 and now is taking a further step by touting itself as the first combined ATP-WTA 500 event. That is two levels below Grand Slams and one level below Masters 1000s and was accomplished by elevating the women's portion through the lease of what had been a hard-court tourney in San Jose, California, played during the same week.
While ostensibly that puts the men and women on equal footing in Washington — where players both will be trying to win a trophy and to prepare for the U.S. Open, the year's last Grand Slam tournament — it still is not equal all the way around.
Most notably: The men’s champion receives a check for $353,445; the women’s champion earns $120,150. That is not an anomaly. There are other stops on the professional tennis tours that include female and male players but do not pay them evenly.
“Our main goal is to work toward equal prize money. That is what we want on the WTA side and what we think is fair. Especially at the combined events, we don’t want to see a discrepancy there. We want to see that we’re earning the same at the same event,” said Pegula, an American who is No. 3 in the rankings and seeded No. 1 in Washington and a member of the women's tour's player council. “The fans are coming to watch both of us, and we should be making the same.”
All four Grand Slam tournaments offer equal prize money across the board, something the U.S. Open started doing 50 years ago and others as recently as 2007. That won't happen at the DC Open until 2027 as part of a wider plan the WTA recently announced to get equal paychecks at certain events by that year and at others by 2033.
“That will give everyone a chance to hopefully get revenues to grow to be able to afford it,” said Mark Ein, who has been the tournament chairman since 2019 and is part of the group that recently bought the NFL’s Washington Commanders from Dan Snyder.
“When we took over the tournament, one of my top goals was to secure a women’s event at an equal level as our men’s,” Ein said. “One of the things I love about tennis is it’s really the only sport where athletes of both genders compete on the same playing surface at the same time.”
There are other discrepancies between the men’s and women’s brackets in Washington.
The men’s field is 48 players; the women’s is 28. The rankings points available are nearly the same, but the men’s champion gets 500, the women’s 470.
Like Pegula, three-time major champion Murray, who is seeded 15th in Washington, said that all players “at the same event, on the same courts,” should be vying for the same payouts.
“But I think for it ever to become like truly equal, the WTA and the ATP are actually going to have to come together and work as one before that’s the case, because I don’t think it’s that straightforward just now that both tours have different sponsors, different TV deals and all of that stuff, too,” Murray said. “There is a few things that still need to change, but I feel like things are going in the right direction, like with the move to this event becoming a 500 for both. Can obviously still get better.”
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AP tennis: https://apnews.com/hub/tennis and https://twitter.com/AP_Sports
Copyright 2023 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed without permission.
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Ralph Johnson
July 16, 1951 - July 29, 2023
DULUTH, Minn. - Ralph Johnson, 72, Duluth, Minn., died Saturday, July 29, in Bayshore Residence & Rehabilitation Center.
A private family service will be at a later date.
Arrangements by Cremation Society of Minnesota in Duluth.
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ARMONK, N.Y., July 31, 2023 /PRNewswire/ -- The IBM (NYSE: IBM) board of directors has elected Michael Miebach to the board, effective October 30, 2023.
Michael Miebach, 55, is the chief executive officer of Mastercard Incorporated and a member of its board of directors. An innovator and technologist, Mr. Miebach has led Mastercard, a global technology company in the payments industry, since January 2021. Previously Mastercard's chief product officer, Mr. Miebach has deep experience in digital transformation, cybersecurity and delivering data-driven insights.
Arvind Krishna, IBM chairman and chief executive officer, said: "We are delighted that Michael Miebach will join the IBM board of directors. Michael is an accomplished technologist and international business leader. His insights and experience will strongly benefit IBM and its shareholders."
Mr. Miebach is a member of the Business Roundtable, the Business Council and the International Business Council of the World Economic Forum. He is a trustee of the United States Council for International Business and also serves on the United States Treasury Advisory Committee on Racial Equity.
Mr. Miebach holds a Master of Business Administration from the University of Passau in Germany.
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IEEE Transactions on Pattern Analysis and Machine Intelligence (TPAMI) achieves highest impact factor among Computer Society journals
LOS ALAMITOS, Calif., July 31, 2023 /PRNewswire/ -- The IEEE Computer Society (CS), the leading global computer science and engineering member community, announced today that its journal IEEE Transactions on Pattern Analysis and Machine Intelligence (TPAMI) earned the highest 2022 Journal Impact Factor™ (JIF™) of all IEEE CS publications, securing the top spot among artificial intelligence journals.
"Computer science and engineering represent some of the most prominent, promising areas of research today," said Nita Patel, president, IEEE CS. "As the number of papers in our field continues to climb, paper acceptance gets increasingly competitive, and our editors work tirelessly to ensure that only the top papers make their way into our journals. We're thrilled to, once again, hold top impact factor rankings, and we thank all of our volunteers for their commitment to excellence."
Impact factor measures the frequency with which the average article in a publication has been cited in a particular year. The calculation is based on a two-year period and involves dividing the number of times articles were cited by the number of articles that are citable. It offers a key metric to assess the overall strength and industry influence of a particular publication.
Overall, 11 IEEE CS journals now hold the coveted top impact factor ranking in their specialty field. The following four publications join TPAMI to round out the top five highest-ranked IEEE CS journals:
- IEEE Transactions on Affective Computing (TAC)
- IEEE Transactions on Knowledge and Data Engineering (TKDE), a new entrant to IEEE CS' top five journals
- IEEE Transactions on Services Computing (TSC)
- IEEE Transactions on Mobile Computing (TMC), a new entrant to IEEE CS' top five journals
In addition, IEEE CS' fully open access publication, IEEE Open Journal of the Computer Society, received its first impact factor in Clarivate's Emerging Sources Citation Index™ (ESCI), which features newly launched, niche, and open access journals publishing high-quality research on a range of topics. This is the first year Clarivate included the multidisciplinary ESCI in its JIF review.
"We're thrilled that IEEE Open Journal of the Computer Society had the opportunity to be recognized this year," said Greg Byrd, IEEE CS VP of Publications. "With the innovative research it brings to the field, it is certain to have a long-standing impact on the computer science and engineering community."
Impact factor applies not only to scientific and engineering journals but to technical magazines as well. Those IEEE CS publications with the highest impact factor rankings include:
"One of the most important things about impact factor rankings is that they point to the most highly researched topics in the field," said Patel. "This year, there's a heavy focus on artificial intelligence, data science, and mobile computing. It will be interesting to watch the evolution of these topics and the advances that arise from papers presented in Computer Society publications."
JIF rankings are released annually in Clarivate's Journal Citation Reports™ (JCR™). These reports evaluate more than 21,500 high-quality academic journals from across more than 250 scientific and research disciplines.
To learn more about IEEE Computer Society journals and the research they offer, visit https://www.computer.org/publications.
About the IEEE Computer Society
Engaging computer engineers, scientists, academia, and industry professionals from all areas of computing, the IEEE Computer Society (CS) sets the standard for the education and engagement that fuels continued global technological advancement. Through conferences, publications, and programs, and by bringing together computer science and engineering leaders at every phase of their career for dialogue, debate, and collaboration, IEEE CS empowers, shapes, and guides the future of not only its members, but the greater industry, enabling new opportunities to better serve our world. Visit computer.org for more information.
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MESA, Ariz., July 31, 2023 /PRNewswire/ -- Verra Mobility Corporation (NASDAQ: VRRM), a leading provider of smart mobility technology solutions, announced today that it will report financial results for the second quarter ended June 30, 2023, after market close on August 9, 2023.
Verra Mobility's Chief Executive Officer, David Roberts, and Chief Financial Officer, Craig Conti, will host a conference call and live webcast to discuss financial results for investors and analysts at 5:00 p.m. ET on August 9, 2023.
To access the conference call, dial 1-888-886-7786 (U.S. toll-free) or 1-416-764-8658 (International) with conference ID 11014275 or click on the following link and request a return call: callme.viavid.com. A live webcast will be available on the Company's Investor Relations website at ir.verramobility.com.
An audio replay of the call will also be available until 11:59 p.m. ET on August 23, 2023, by dialing 1-844-512-2921 (U.S. toll-free), or 1-412-317-6671 (International) and entering passcode 11014275.
In addition, an archived webcast will be available in the "News & Events" section of Verra Mobility's Investor Relations website at ir.verramobility.com.
About Verra Mobility
Verra Mobility Corporation (NASDAQ: VRRM) is a leading provider of smart mobility technology solutions that make transportation safer, smarter and more connected. The company sits at the center of the mobility ecosystem, bringing together vehicles, hardware, software, data and people to enable safe, efficient solutions for customers globally. Verra Mobility's transportation safety systems and parking management solutions protect lives, improve urban and motorway mobility and support healthier communities. The company also solves complex payment, utilization and compliance challenges for fleet owners and rental car companies. Headquartered in Arizona, Verra Mobility operates in North America, Europe, Asia and Australia. For more information, please visit www.verramobility.com.
Forward Looking Statements
This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements include, but are not limited to, statements about Verra Mobility's plans, objectives, expectations, beliefs and intentions and other statements including words such as "hope," "anticipate," "may," "believe," "expect," "intend," "will," "should," "plan," "estimate," "predict," "continue" and "potential" or the negative of these terms or other comparable terminology. The forward-looking statements herein represent the judgment of the Verra Mobility, as of the date of this release, and Verra Mobility disclaims any intent or obligation to update forward-looking statements. Forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those currently anticipated. This press release should be read in conjunction with the information included in Verra Mobility's other press releases, reports and other filings with the SEC and on the SEC website, www.sec.gov. Understanding the information contained in these filings is important in order to fully understand Verra Mobility's reported financial results and our business outlook for future periods. Actual results may differ materially from the results anticipated in the forward-looking statements and the assumptions and estimates used as a basis for the forward-looking statements.
Additional Information
We periodically provide information for investors on our corporate website, www.verramobility.com, and our investor relations website, ir.verramobility.com. We intend to use our website as a means of disclosing material non-public information and for complying with disclosure obligations under Regulation FD. Accordingly, investors should monitor our website, in addition to following the Company's press releases, SEC filings and public conference calls and webcasts.
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Ronald John Soberg
Ronald John Soberg, 75 of Duluth, passed away July 27th in St. Luke’s Hospital.
He was born Feb. 16, 1948, to Reinhard and Margaret (Lee) Soberg.
Ron graduated from Morgan Park High school in 1968 and continued in education at Dartmouth College.
He worked as a lobbyist for ISD 709 and several local schools retiring in 2014 from his contracts.
Ron was preceded in death by his parents. He is survived by his wife, Amanda; son, Eric (Angelica) ; sister, Jeanne Nisius; niece, Laura (Todd) Sieger; nephew, Greg (Becca) Nisius and extended family members and friends.
A Celebration of life will be held Sunday, Sept. 24th from 1-4pm at the Buffalo House Junction, 2590 Guss Rd., Duluth, MN, 55810. Memorials are preferred and may be sent to the donor’s choice. Sign the online register book at. www.dfhduluth.com. Arrangements by, Dougherty Funeral Home, 600 E 2nd St. Duluth, MN, (218) 727-3555.
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Might Tina Fey Take Over Saturday Night Live?
Plus: The Phils flop. A PLCB mishap. And … a bar cart on the El?
Check phillymag.com each morning Monday through Friday for the latest edition of Philly Today. And if you have a news tip for our hardworking Philly Mag reporters, please direct it here. You can also use that form to send us reader mail. We love reader mail!
Could Tina Fey Soon Take Over at Saturday Night Live?
Upper Darby native and Pica’s Pizza enthusiast Tina Fey is reportedly in talks to become the executive producer of Saturday Night Live when longtime lord Lorne Michaels leaves the show, the New York Post reported late last week. A spokesperson for NBC denied the report. Michaels created the long-running late-night show in 1975.
Fey was hired as a Saturday Night Live writer in 1997 under head writer Adam McKay, who also happens to be from the Philly area. She soon appeared in sketches and then became a major fixture in the weekly cast. Fey stuck around as a cast member until 2006 and has come back to host several times.
In other Tina Fey news, she’s coming to the Met for a rare area appearance in December. The cheapest available tickets start at $200! Before that, her Mean Girls musical makes a stop on Broad Street.
More John Fetterman Features
Following up on his new Time magazine cover story, Pennsylvania’s newest U.S senator had an interview in the New York Times this weekend.
Surprise, Surprise
The Pennsylvania Liquor Control Board’s recent rollout of a new online ordering system for bars and restaurants is going less than smoothly — and reenforcing calls for the state to GTFO of the liquor business.
What Could Possibly Go Wrong?
Apparently there’s a bar cart on the Frankford El now …
Tito’s speakeasy on the el is crazy pic.twitter.com/3vN2CypBb1
— Jordan A. Winkler (@jordanawinkler) July 29, 2023
The Great Sheetz vs. Wawa Debate
In the weekend’s ill-fated Phils series with the Pirates, the latter’s scoreboard operator was casting some big shade our way.
Yep, they went there…. And they’re right. @sheetz CANNOT be beat!#LetsGoBucs pic.twitter.com/1bOKNYaGde
— Bucs Dugout (@BucsDugout) July 30, 2023
By the Numbers:
$1,624: Amount raised so far by a GoFundMe for Delia King, the artist whose work was destroyed when a trolley smashed into the historic house she was renting in Southwest Philly on Thursday. It’s actually the second such fund-raiser for King in the last few years; she was flooded out of her historic home in Darby by Tropical Storm Isaias in 2020.
$1.05 billion: Estimated worth of tomorrow night’s Mega Millions drawing, so if you’re feeling lucky …
And from the Oh-Hell Sports Desk …
It was all quiet on the western PA front Friday night when the Phils played the Pirates for the first two innings, if you discount wasted doubles by Kyle Schwarber and Bryson Stott against Pittsburgh starter Mitch Keller. Zack Wheeler was on the mound for us, mowing down batters one-two-three through three. In the top of of the third, Brandon Marsh walked and Schwarbs homered him around for the 2-0 lead.
KYLE SCHWARBER'S 27TH HOME RUN OF THE SEASON … HELLO 🔥🔥🔥 pic.twitter.com/ajslJH1bq5
— NBC Sports Philadelphia (@NBCSPhilly) July 28, 2023
The Phils couldn’t score in the fourth despite three straight singles, and the Pirates got one back in the bottom on a single, a walk and a double. With two outs in the sixth, Alec Bohm walked, eliciting a pitching change: Ryan Borucki in, and he struck out Marsh. Schwarbs notched a one-out walk in the top of the seventh, and Trea Turner hit into a double play. With two outs and two strikes on the batter for the Pirates in the seventh, the heavens opened, the tarp came out, the tarp got heavy, the crew couldn’t get it over the infield — yikes. Maybe a lot of smaller tarps, guys? Hey, but what do I know?
They were back half an hour later. Wheeler was done, which was a pity, but Jeff Hoffman finished the strikeout. For the eighth, the Pirates brought in José Hernández, who handed out a walk and two Ks before coming out for Yerry De Los Santos, who got a ground-out. Josh Palacios got a one-out single in the bottom half, and Rob Thomson brought in Gregory Soto to hold the line. Connor Joe smacked a single, but then ah-hah! A double play!
On to the ninth, and a one-out Marsh single. With two outs, Schwarbs walked, and Turner got the bases loaded on an easy out after the Pirates shortstop just … dropped the ball. That meant new pitcher Carmen Mlodzinski, who got Harper to line out. Craig Kimbrel, in to finish them off, gave up two long fly balls that made the crowd go “Ohh!,” then a walk. No pressure, my man. No worries! A short fly, and it was all over: 2-1 win. Nice work!
Saturday’s game saw Aaron Nola pitching vs. Quinn Priester for the Pirates, and neither had much trouble through two and a half, but Liover Peguero solo-homered to lead off the bottom of the third. Bohm walked and Stott doubled to start the fourth, J.T. walked on four pitches, and holy hell, with two outs, Marsh doubled three runs home!
Brandon Marsh clears the bases and the Phillies have the lead! pic.twitter.com/ttYoGhdoAR
— Talkin’ Baseball (@TalkinBaseball_) July 30, 2023
Cave then doubled in another before Schwarbs … struck out. The Pirates got three back on two doubles and a Peguero single in the bottom half: 4-3. Yikes. They started the fifth with a single and a walk, and Harper’s first error at first loaded the bases with one out. Marsh just missed a fly to center, and the Pirates were up 6-4. A single scored yet another, and Yunior Marte came in to get the last out. A Stott single and walks by J.T. and Turner loaded them in the sixth to end Priester’s night and bring on Borucki against Marsh, whose grounder caught Stott coming home. Johan Rojas, pinch-hitting for Cave, struck out, but a walk to Schwarbs made it 7-5 before J.T. struck out. Matt Strahm replaced Marte, and Rojas helped him out with a spectacular diving catch.
Turner got a single in the eighth off De Los Santos, Marsh walked, and a Rojas single scored a run, but Schwarbs and Castellanos both struck out to end the rally. Dylan Covey came in for Strahm and gave up a single but nothing more. In the bottom of the ninth, Bohm walked after another Harper strikeout, and a Stott single sent him to third. J.T. hit into a goddamn double play: game over, 7-6. Bummed.
On Sunday afternoon, once again, nothing much doing in the early innings as the Phils faced 43-year-old Pirates starter Rich Hill and the Pirates looked at Cristopher Sánchez, who’s almost half Hill’s age. In the fourth, though, after Harper walked, Bohm whacked a homer. Sánchez didn’t allow a hit through five, but Thomson brought in Seranthony for the sixth; Connor Joe singled off him, and Bryan Reynolds homered to tie the game. Great, great. He then gave up a walk and a single and came out for Hoffman with one out and two on. Bad outing. Palacios loaded them up with a single, but Hoff notched two outs.
In the seventh, Stubbs walked, Rojas moved him to second with a sac fly, Schwarbs walked, and Stubbs scored on a grounder that got past Joe at first. Bohm singled home another before Turner struck out; Turner then let Joe get to first on a fielding error, and he scored on an error by Rojas. Unbelievable. Marte, in to pitch the eighth, allowed a single and a double, a ground-out, and a sac fly that tied it at 4-4. With a runner on third, he managed a strikeout. Could be worse.
For the ninth, closer David Bednar struck out Rojas and walked Schwarbs, but allowed nothing more. Craig Kimbrel time. Joe, up to bat, singled to right, and Kimbrel whacked a batter, then dealt three straight outs. Free baseball! Harper started the 10th at second with Bohm at bat. He hit a grounder to third, and the throw to first got past Joe, putting Bohm on second and Harper on third. Turner? Turner? His fly ball was caught, but so was Harper, trying to come home. “Daycare” is right. And Sosa struck out. Andrew Vasquez gave up a two-run homer to birthday boy Palacios: 6-4 Pirates. I went to mow the lawn.
Monday, the Phils head to FL for the first in a four-game series with the Marlins; first pitch is at 6:40. BTW, the Eagles jumped the gun on that Kelly green uni reveal. You know what Darius Slay is looking forward to most?
Banana pudding SZN@bigplay24slay | #FlyEaglesFly pic.twitter.com/ygnXOEjcky
— Philadelphia Eagles (@Eagles) July 28, 2023
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PHILADELPHIA, July 31, 2023 /PRNewswire/ -- Livent Corporation (NYSE: LTHM) today published its 2022 Sustainability Report, with the theme Reimagining Possibilities. The report provides updates on the company's progress against its 2030 and 2040 sustainability goals, includes new disclosures and reaffirms Livent's commitment to responsible production and expansion.
Paul Graves, president and chief executive officer of Livent, commented: "We believe the lithium industry will play an increasingly important role in the clean energy transition towards a more sustainable, low-carbon future. Our 2022 Sustainability Report demonstrates how Livent is reimagining what's possible for producing more of the lithium the world needs while continuing to lead our industry forward in corporate social responsibility, environmental stewardship and transparency."
Report Highlights:
- Initial global Scope 3 screening of Livent's Greenhouse Gas (GHG) emissions and first disclosures on global air pollutants
- Completion of ISO-compliant Life Cycle Assessments (LCAs) for all of Livent's major lithium chemical products, ahead of the original 2025 target
- Achievement of Livent's 2030 Waste Disposed intensity reduction target, ahead of schedule
- Summary of recent water and biodiversity studies conducted at the Salar del Hombre Muerto in Argentina
- Updates on other key collaborations and initiatives to support a low-carbon future, minimize environmental impacts, expand local community engagement and development efforts, protect human rights, and build a more engaged, diverse and inclusive workforce
To view Livent's 2022 Sustainability Report, visit livent.com/sustainability. The report will be made available in multiple languages.
Key ESG metrics in the report were reviewed and assured by ERM Certification and Verification Services (ERM CVS).
About Livent
For nearly eight decades, Livent has partnered with its customers to safely and sustainably use lithium to power the world. Livent is one of only a small number of companies with the capability, reputation, and know-how to produce high-quality finished lithium compounds that are helping meet the growing demand for lithium. The Company has one of the broadest product portfolios in the industry, powering demand for green energy, modern mobility, the mobile economy, and specialized innovations, including light alloys and lubricants. Livent has a combined workforce of approximately 1,350 full-time, part-time, temporary, and contract employees and operates manufacturing sites in the United States, England, China and Argentina. For more information, visit Livent.com.
Livent Forward-Looking Statements
Statement under the Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995: This release contains forward-looking statements, which are based on management's current views and assumptions regarding future events, future business conditions and the outlook for the company based on currently available information. In some cases, you can identify these statements by forward-looking words such as "may," "might," "will," "will continue to," "will likely result," "is on track," "should," "expect," "expects," "intends," "plans," "anticipates," "believe," "believes," "estimates," "predicts," "potential," "continue," "could," "forecast," "future," "is confident that," or "projects," the negative of these terms and other comparable terminology. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results to be materially different from any results, levels of activity, performance or achievements expressed or implied by any forward-looking statement. These factors include, among other things, the risk factors and other cautionary statements included within Livent's 2022 Form 10-K filed with the SEC as well as other SEC filings and public communications. Livent cautions readers not to place undue reliance on any such forward-looking statements, which speak only as of the date made. Forward-looking statements are qualified in their entirety by the above cautionary statement. Livent undertakes no obligation, and specifically disclaims any duty, to update or revise any forward-looking statements to reflect events or circumstances arising after the date on which they were made, except as otherwise required by law.
The Company's investor relations website, located at https://ir.livent.com, should be considered as a recognized channel of distribution, and the Company may periodically post important information to the website for investors, including information that the Company may wish to disclose publicly for purposes of complying with federal securities laws.
Media contact: Juan Carlos Cruz +1.215.299.6725
juan.carlos.cruz@livent.com
Investor contact: Daniel Rosen +1.215.299.6208
daniel.rosen@livent.com
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Funding by California Transportation Commission and Oregon Department of Environmental Quality
LONG BEACH, Calif., July 31, 2023 /PRNewswire/ -- On the heels of opening the nation's largest public charging depot for electric commercial trucks at the Port of Long Beach, WattEV announced today it has secured $40.5 million in grants to further expand its growing network of electric truck stops into Northern California and Oregon.
WattEV, the industry leader in heavy-duty freight electrification, has been awarded two separate grants: one for a solar-powered truck charging depot across Interstate 5 from the airfreight hub adjacent to Sacramento International Airport, and another for a grid-connected charging depot along Interstate 5 in Salem, Ore.
WattEV has secured a $34 million federal grant through the California Transportation Commission to build and operate what will become the nation's largest electric charging depot on more than 100 acres of land immediately south of Sacramento International Airport (SMF) on Interstate 5.
The SMF project is expected to open in mid- to late-2025 with 15.6 MW of solar power supplemented by 7.2 MW of grid power supplied by the Sacramento Municipal Utility District.
The SMF depot will have 30 DC fast chargers for passenger vehicles, 90 high-power CCS-1 cords for medium- and heavy-duty commercial electric vehicles, and 18 megawatt cords for pass-through charging of HD trucks using the upcoming Megawatt Charging Standard (MCS).
"We're proud to partner with WattEV as they continue to advance transition of U.S. trucking transport to zero emissions," said Cindy Nichol, Director of Sacramento County Department of Airports. "Sacramento International Airport's proximity to one of largest goods distribution centers in the state makes this an ideal location to serve California's 'electric highway.'"
WattEV was also awarded $6.5 million from the Oregon Department of Environmental Quality to build a 6-acre EV charging depot. The Salem, Ore., site will be grid-connected in cooperation with Portland General Electric.
Planning for the Salem electric truck stop includes 30 CCS 240 KW chargers and six MCS 1200 KW chargers. It's expected to open in 2025 as well.
"These grant awards will allow us to meet our plans to expand our network of electric-truck charging depots from the Mexican border to Portland, Oregon, via Interstate 5, on what government planners and industry stakeholders are calling the 'electric highway,'" explained WattEV co-founder and CEO Salim Youssefzadeh.
The grant for the SMF project comes from the U.S. Department of Transportation's "Trade Corridor Enhancement Program," which distributes funding through state transportation agencies.
"We're building out the West Coast corridor while also reaching eastward along the I-10 toward Arizona and Texas and, eventually, to the East Coast," Youssefzadeh said. "To expand the WattEV network, we'll match our grants with private capital to fund this massive infrastructure buildout."
WattEV selects the locations of its charging depots based on analysis of freight routes, range of electric trucks and energy supply.
"We picked our site in Sacramento because of its strategic location next to the Metro Air Park Logistics Center, where more than 10-million square-feet of warehouse space is planned," said Youssefzadeh, "and its close proximity to downtown Sacramento – just 10 minutes away."
Sacramento County and surrounding areas contain one of the largest concentrations of California's goods distribution centers, serving many of the largest shippers in the country.
The Sacramento Metropolitan Air Quality Management District (Sac Metro Air District) has committed to working closely with WattEV on the project as it will have significant air quality benefits for Sacramento.
"Emissions from fossil-fuel powered cars and trucks are the largest source of air pollution in the Sacramento region," said Sac Metro Air District Transportation and Climate Change Program Manager Raef Porter. "Over the past 25 years, the Air District has invested $300 million in clean air projects. We're proud to continue that commitment by partnering with WattEV on this transformative solar-powered, electric charging depot. Building new electric vehicle infrastructure is imperative to the successful transition to clean transportation and ensuring a clean air and low carbon future for all."
The SMF depot will initially serve as a charging hub for local and regional distribution centers, and later as a depot serving the north-south freight corridor stretching from WattEV's newly opened charging depot in the Port of Long Beach, connecting to Oregon and Washington state.
"We not only have the demand for regional distribution in Sacramento County," Youssefzadeh explained, "but we also have existing shippers asking us to transport freight from their logistic centers in the Los Angeles area to distribution centers of retailers in Sacramento."
About WattEV
WattEV's mission is to accelerate the transition of U.S. trucking transport to zero emissions. It relies on a combination of business and technology innovations to create charging infrastructure and data-driven workflow that provide truckers and fleet operators the lowest total cost of ownership. WattEV's goal is to get 12,000 heavy-duty electric trucks on California roads by the end of 2030, exceeding existing forecasts. More information is available online at www.WattEV.com.
About the Sac Metro Air District
The Sac Metro Air District is the leading Sacramento region agency responsible for monitoring air quality, reducing air pollution, enforcing air quality regulations, and promoting decarbonization efforts through innovative incentive programs and projects. The Air District also works to ensure clean air and meet National Ambient Air Quality standards. For more information about the Air District, please visit www.AirQuality.org.
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SOURCE WattEV
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Just Listed in the Poconos: Rustic Manor in Pocono Pines
Love the mountains but aren’t really into all that outdoorsy stuff? This house should please you, then — especially if you’re a duffer.
Ah, the Poconos! Where you can go hunting for game, hiking in the woods, fishing and swimming in the lakes, and breathing in all that fresh mountain air. And none of this will cost you an arm and a leg.
Or is that what you were looking for in a Poconos second home? Chances are, if you’re like the bulk of our print readership, you’re probably not all that into that deep-woodsy stuff. And you also have coin to drop on something more than those contemporary houses that make Eastern Pennsylvania’s vacation playground look like a huge suburb in places. And if you’re one of those Main Line types who live above the railroad tracks, you, or someone you love, may even spend lots of time playing golf.
In that case, this Pocono Pines rustic manor house for sale is quite likely exactly the Poconos second home you’ve been looking for.
Just 21 years old, this house in the Timber Trails community has the look of an early-20th-century National Park lodge on the outside. On the inside, it offers a combination of modern classic elegance and rustic Poconos charm.
Or should I say “rustic Poconos grandeur”? For this house offers all sorts of things on a grand scale, starting with its open main floor.
A two-story foyer greets you upon entry, after which you pass under a bridge to reach the huge living room.
This room, also two stories high, has room enough for two seating areas under its beamed vaulted ceiling. The larger one focuses on a full-height stone fireplace.
A smaller one sits next to the sliding doors leading to the rear deck.
Off that seating area you will find the dining room. A low divider separates it from the rest of the main floor. And because that divider is so low, the dining room still feels one with the rest of the main living area.
Even if its gray-and-white color scheme contrasts with the earth tones elsewhere.
It should be clear by now that this house was also designed for someone with either a large family (including the extended version) or many friends they would like to entertain all at once. The dining-room table can seat 14, the table in the breakfast room can seat eight more, and another four can sit at the kitchen island.
And the sun porch next to the breakfast room contains a multipurpose table that can seat six. (In case you lost count, that’s 32 seats total.)
“But how will I fix all that food?” I hear you ask. The kitchen is up to the task, I assure you. It has a large capacity refrigerator-freezer, and you can get your main dishes done faster thanks to two convection ovens. The island has a microwave built in, and you can keep things warm in the warming drawer below the ovens while waiting for the rest of the meal to finish. The kitchen also has a wine fridge along with plenty of counter space and walnut cabinets.
If someone in your family desires one-floor living, this house is also designed to offer that. On the other side of the main floor from the living room, you will find a bedroom, a full bathroom and this home office.
And the home office also contains a sauna.
The main stairs lead from the foyer to the bridge hallway. Next to the hallway is a loft seating area. A second set of stairs lead from its other side, behind the camera here, to the main floor.
Those stairs will make it easer for you to raid the fridge at night from the primary bedroom. That bedroom is a private retreat all its own, with a gas fireplace and a balcony overlooking the backyard.
The primary suite has a sumptuous bathroom as well. It features dual vanities, a toilet alcove, a shower stall and a jetted soaking tub.
Two more bedrooms and a shared hall bath lie on the opposite end of the floor.
Down below the main floor, the walkout basement boasts a huge multipurpose room with enough space for a media lounge, game tables, play space and more. A wet bar at one end makes it great for entertaining, too. So do the sliding doors at the bar end that lead to the backyard.
Two bonus rooms on this floor can be used in a number of ways: home gym, studio, office or bedroom, just to name a few. A powder room helps make these rooms great guest bedrooms.
Surrounding the sun porch at the back of the main floor is this huge deck. Stairs lead down from either end to the backyard.
One set of steps also leads to a private bocce court in a side yard.
And just on the other side of the trees in the backyard lies the fourth fairway at the Timber Trails golf course.
That golf course is just one of the many amenities and activities the Lake Naomi Club offers its residents. Timber Trails has its own small lake for swimming, with a beach you can relax on that also has a volleyball court and playground for the kids. But as a club member, you also have access to the 217-acre Lake Naomi itself. That lake offers plenty of recreational opportunities, including non-motorized boating, exploring its five islands and relaxing on any of three beaches.
One of those beaches sits next to the Lake Naomi clubhouse, where you will find several dining options and other facilities. As I’ve gone on long enough and often enough about everything this family-friendly resort community has to offer, I’ll just direct you to the club website to learn all the details about everything you will find there.
Even more things to do and see surround this community, which is not that far from Delaware Water Gap and Stroudsburg. But since you’re eyeing this Pocono Pines rustic manor house for sale largely because of the more refined things one can do, I’ll leave it up to you to learn about everything else that’s close to here.
And yet, when you add up everything this house and its community have to offer, this sprawling house in a top-drawer Poconos resort community is a bargain. You could call it a housing bargain for millionaires.
THE FINE PRINT
BEDS: 4
BATHS: 4 full, 2 half
SQUARE FEET: 7,747
SALE PRICE: $1,750,000
OTHER STUFF: Timber Trails is a private gated community whose residents belong to its homeowners association; annual dues of $2,502 cover maintenance of its roads, common areas, lake, beach and beach recreational facilities. All other amenities in the community, including the golf course, clubhouse and swimming pool, require Lake Naomi Club membership to use. Annual dues range from $3,340 for an individual to $4,975 for a family; the application fee is $4,500, and an initial capital projects contribution of $5,500 may be paid in installments over five years upon approval.
123 Golfers Way, Pocono Pines, PA 18350 [Catherine McIntyre | Lake Naomi Real Estate]
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Jackpocket Crowns its First $100K Winner in Massachusetts, Partnership With Circle K Offers a New, Convenient Way to Play the Lottery
BOSTON, July 31, 2023 /PRNewswire/ -- Jackpocket, America's #1 lottery app*, launched in Massachusetts in partnership with Circle K, one of the largest convenience store brands in the United States.
Yesterday, a Jackpocket customer ordered a $100,000 winning lottery ticket for the daily "Mass Cash" drawing using the app.
"We are excited that our partnership with Circle K landed our first $100K winner in the Bay State, cementing Jackpocket's presence in Massachusetts," said Peter Sullivan, CEO of Jackpocket. "Jackpocket's mission is to make the lottery more accessible and convenient to play. As Tuesday's Mega Millions crosses the $1 billion mark, it's easier than ever to play your favorite games from anywhere in Massachusetts."
To celebrate the new partnership, Jackpocket is offering lottery fans across the state their first lottery ticket for free on the app. New players will receive a $2 lottery ticket by entering the code HEYMASS at checkout. Lottery fans can play Powerball and Mega Millions—currently over $1.05B—as well as local favorites MassCash (the game responsible for the $100K winning ticket), Megabucks Doubler, Lucky for Life, and The Numbers Game.
"We're proud to partner with Jackpocket in Massachusetts and make this fun and convenient experience available to every lottery player across the state," said Melissa Lessard, the head of North American marketing at Circle K. "At Circle K, we are always looking for ways to make life a little easier for our customers and providing the opportunity for customers to order official state lottery tickets with just the tap of a button through the Jackpocket app is yet another example of that commitment."
Massachusetts is now the 17th state available for lottery play on the Jackpocket app. Jackpocket is iCAP certified for best practices in player protection, backed by the expertise of the National Council on Problem Gambling. To ensure player safety, Jackpocket offers consumer protections such as daily deposit and spend limits, self-exclusion, and in-app access to responsible gambling resources.
*According to data from AppFollow
*Must be 18 or older to play. Jackpocket is not affiliated with and is not an agent of the Massachusetts State Lottery. Please visit jackpocket.com/tos for full terms of service. Gambling Problem? Call 1-800-327-5050.
Are You Our Next BIG Winner? Visit play.jackpocket.com or download Jackpocket for iOS and Android and get in the game. New players can receive a $2 lottery ticket by entering the code HEYMASS at checkout.
About Jackpocket
Jackpocket is on a mission to create a more convenient, fun, and responsible way to take part in the lottery. The first licensed third-party lottery courier app in the United States, Jackpocket provides an easy, secure way to order official state lottery tickets. Jackpocket is currently available in Arizona, Arkansas, Colorado, Idaho, Massachusetts, Minnesota, Montana, Nebraska, New Hampshire, New Jersey, New York, Ohio, Oregon, Texas, Washington D.C., and West Virginia, and is expanding to many new markets. Download the app on iOS and Android or participate via desktop. Follow along on Facebook, Twitter and Instagram.
About Circle K and Alimentation Couche-Tard Inc.
Couche-Tard is a global leader in convenience and mobility, operating in 25 countries and territories, with more than 14,400 stores, of which approximately 11,000 offer road transportation fuel. With its well-known Couche-Tard and Circle K banners, it is one of the largest independent convenience store operators in the United States and it is a leader in the convenience store industry and road transportation fuel retail in Canada, Scandinavia, the Baltics, as well as in Ireland. It also has an important presence in Poland and Hong Kong Special Administrative Region of the People's Republic of China. Approximately 128,000 people are employed throughout its network.
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ENGLEWOOD, Colo., July 31, 2023 /PRNewswire/ -- WOW! Internet, TV & Phone (NYSE: WOW), a leading broadband provider in the United States, announced today it will host a webcast and conference call on Tuesday, August 8, 2023, at 8:00 a.m. ET to discuss financial and operating results for the second quarter 2023. WOW! will issue a news release reporting its results earlier that morning.
The conference call will be broadcast live on the company's investor relations website at ir.wowway.com. Those parties interested in participating via telephone should dial (888) 330-3556 with the conference ID number 4844814. International callers should dial (646) 960-0826 and use the same conference ID number.
A replay of the call will be available August 8, 2023, at 11:00 a.m. ET, on the investor relations website or by telephone. To access the telephone replay, which will be available until August 22, 2023, at 11:59 p.m. ET, please dial (800) 770-2030 or (647) 362-9199 and use conference ID 4844814.
About WOW! Internet, TV & Phone
WOW! is one of the nation's leading broadband providers, with an efficient and high-performing network that passes nearly 2 million residential, business and wholesale consumers. WOW! provides services in 15 markets, primarily in the Midwest and Southeast, including Michigan, Alabama, Tennessee, South Carolina, Georgia and Florida, including the new all-fiber network in Central Florida. With an expansive portfolio of advanced services, including high-speed Internet services, cable TV, home phone, mobile phone, business data, voice, and cloud services, the company is dedicated to providing outstanding service at affordable prices. WOW! also serves as a leader in exceptional human resources practices, having been recognized 10 times by the National Association for Business Resources as a Best & Brightest Company to Work For in the Nation, winning the award for the last six consecutive years and making the 2022 Top 101 National Winners list. Visit wowway.com for more information.
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SOURCE WideOpenWest, Inc.
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NEW YORK (WABC) -- Some MTA customers using the contactless payment system OMNY were mistakenly overcharged Monday morning.
The affected customers were subway and bus riders who were charged $2.90 for their fare.
Officials say it was due to testing error by one of their vendors, Cubic, who are in charge of building out OMNY.
MTA responded to the error and said it will reimburse riders their 15 cents per transaction.
"We're grateful to customers for bringing this to our attention quickly, and apologize for the inconvenience," the MTA said in a statement.
The fare on buses and subways will go up to $2.90 on August 20.
ALSO READ | Line of migrants sleeping outside stretches around Roosevelt Hotel's Midtown block
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https://abc7ny.com/new-york-city-customers-mta/13578272/
| 2023-07-31T20:37:14
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Tech Veteran Brings Nearly Three Decades of Experience to Help Drive Growth for Leading Fast-Casual Mexican Restaurant
SAN DIEGO, July 31, 2023 /PRNewswire/ -- Modern Restaurant Concepts ("MRC"), a leading fast-casual restaurant platform comprised of the QDOBA and Modern Market Eatery brands, announced that Prashant Budhale has joined the company as Chief Technology Officer. Budhale brings more than 28 years of experience in technology leadership to MRC, and as CTO, will lead all technology across MRC brands.
"We are excited for Prashant to join the MRC team," said John Cywinski, CEO of Modern Restaurant Concepts. "I view technology as a foundational enabler of all that we do in the restaurant business, from a guest, team member, and corporate enterprise perspective. Prashant will lead our strategy to drive technology as a powerful brand differentiator, and he will be a terrific collaborator with our existing leadership team as well as our franchise partners moving forward."
"I'm excited about QDOBA's history of strong same store sales growth, potential for net unit growth, and the ability for technology to make a positive impact to both guest and team member experiences," Budhale said. "I'm also very encouraged by John's vision and Butterfly Equity's commitment to the growth of brands within MRC portfolio."
Prior to joining Modern Restaurant Concepts, Budhale served as Head of Technology for SONIC Drive-In, part of the Inspire Brands portfolio. At SONIC, he was responsible for the vision, development, and implementation of all technology initiatives across the 3,550 unit, $6B brand. Prior to SONIC, Prashant was Senior Director for Pizza Hut, part of YUM! Brands, where he led retail technology. Earlier in his career, Prashant worked as a software development consultant with IBM, Allstate, Oracle, Capgemini, and Fujitsu America.
QDOBA is a fast casual Mexican restaurant with over 750 locations in the U.S. and Canada. Committed to delivering flavor to people's lives, QDOBA uses ingredients prepared in-house, by hand, and fresh throughout the day, to create delicious menu options. Guests can experience QDOBA's delicious flavors by enjoying one of its signature menu options that are chef-crafted for convenience and ease or by customizing their burritos, tacos, burrito bowls, salads, quesadillas, and nachos to fit their personal tastes. For five years running, QDOBA has been voted the "Best Fast Casual Restaurant" as part of the USA TODAY 10Best Readers' Choice Awards. Discover more at www.QDOBA.com or on the QDOBA app.
For more information on the company, please visit www.QDOBA.com or follow the brand on Instagram, Facebook, Twitter and TikTok.
About Modern Restaurant Concepts
Modern Restaurant Concepts is one of the largest fast casual restaurant platforms in North America with nearly 800 units across two brands, QDOBA and Modern Market Eatery. The system operates corporate-owned and franchised units across nearly every U.S. state as well as Canada and Puerto Rico. Modern Restaurant Concepts is owned by Butterfly Equity, a Los Angeles-based private equity firm specializing in the food sector, with more than $10 billion of equity capital in companies ranging from growth-stage to Fortune 500 enterprises.
QDOBA is a fast casual Mexican restaurant with over 750 locations in the U.S. and Canada. Committed to delivering flavor to people's lives, QDOBA uses ingredients prepared in-house, by hand, and fresh throughout the day, to create delicious menu options. Guests can experience QDOBA's delicious flavors by enjoying one of its signature menu options that are chef-crafted for convenience and ease or by customizing their burritos, tacos, burrito bowls, salads, quesadillas, and nachos to fit their personal tastes. For five years running, QDOBA has been voted the "Best Fast Casual Restaurant" as part of the USA TODAY 10Best Readers' Choice Awards. Discover more at www.QDOBA.com or on the QDOBA app.
Modern Market Eatery is a food forward, sustainable fast casual restaurant concept that operates in Colorado, Texas, Arizona, and Indiana. Delivering the freshness and flavors of the market in a modern dining format and environment, Modern Market Eatery's menu of protein-centric bowls, garden fresh salads, toasted sandwiches and brick-oven pizzas redefine what it means to eat well at a reasonable price. For additional information about Modern Market Eatery, please visit www.modernmarket.com.
View original content to download multimedia:
SOURCE QDOBA
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| 2023-07-31T20:37:16
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2025 Cruises and Cruisetours from Alaska's Leading Cruise Line
on Sale August 3
Family Favorite Caribbean Princess to Sail Alaska for First Time
SANTA CLARITA, Calif., July 31, 2023 /PRNewswire/ -- Princess Cruises has unveiled its 2025 Alaska cruise and cruisetours season, featuring three captivating roundtrip itineraries and an exclusive new National Parks Cruisetour. These remarkable offerings are available for booking starting August 3.
New Adventures and Extended Journeys Await, including a Departure from LA:
New for 2025 from the cruise line that brings the most guests to Alaska every year is a 22-day roundtrip voyage sailing from San Francisco on Ruby Princess that coincides with the Summer Solstice, and a 17-day roundtrip cruise from Seattle on Grand Princess featuring three days of scenic glacier viewing. For guests seeking to sail from Southern California, a new 16-day roundtrip Inside Passage voyage from Los Angeles on Grand Princess offers a convenient and affordable option.
National Parks Cruisetour
Following its debut in 2024, the National Parks Cruisetour returns in 2025 with a 15-night adventure to five of Alaska's most breathtaking parks. Guests will have the opportunity to explore Glacier Bay, Denali, Wrangell-St. Elias, Kenai Fjords National Parks, and Klondike Gold Rush National Historical Park in Skagway. Unique to Princess, this experience combines a seven-day Voyage of the Glaciers cruise, scenic rail travel, and multiple days on land, including stays at four Princess-owned wilderness lodges.
"As the market leader in Alaska, we're excited to offer guests even more exciting ways to see the natural beauty of Alaska with itineraries in 2025 that serve up new adventures and extended journeys that first-time guests and repeat visitors are going to find intriguing," said John Padgett, Princess Cruises president. "We're also making it easier for guests to access an Alaska cruise by bringing back a roundtrip option out of Los Angeles, which also make it more affordable for millions within that drive market."
Caribbean Princess to Debut in Alaska in 2025
In 2025, seven Princess ships will sail to Alaska, including Caribbean Princess for the first time. In addition, the number of Princess homeports offering Alaska voyages expands to five with the addition of Los Angeles, with the season featuring 21 cruise destinations and four glacier-viewing experiences, highlighted by 88 visits to Glacier Bay National Park, taking more guests to this spectacular national park than any other cruise line.
With 155 total departures on 18 unique itineraries ranging in length from 4 to 22 days, cruise and cruisetour choices include:
Cruises – Seven Ships, Five Homeports
- NEW! Ultimate Alaska Solstice with Glacier Bay National Park: 22-day roundtrip from San Francisco on Ruby Princess – departs June 6, 2025
- NEW! Ultimate Alaska with Glacier Bay National Park: 17-day roundtrip from Seattle on Grand Princess – departs May 6, 2025
- Inside Passage with Glacier Bay National Park: 16-day roundtrip from Los Angeles on Grand Princess visiting Juneau, Skagway, Glacier Bay National Park, Sitka, Icy Strait Point, Ketchikan and Victoria, B.C. – departs August 30, 2025
- Voyage of the Glaciers: This top-rated seven-day itinerary features Juneau, Skagway, Ketchikan, and two glacier-viewing experiences at Glacier Bay National Park and Hubbard Glacier or College Fjord. Caribbean Princess, Coral Princess, and Sapphire Princess offer weekly northbound and southbound cruises from Vancouver, B.C. to Anchorage (Whittier) and vice versa. Guests can combine select seven-day voyages for an amazing 14-day Voyage of the Glaciers Grand Adventure – operates May 10 to September 13, 2025.
- Inside Passage: Princess' signature seven-day roundtrip sailings from Seattle and Vancouver, B.C., as well as 11-day roundtrip departures from San Francisco and Vancouver that include four ports of call and a day of glacier viewing. Many Inside Passage cruises include Glacier Bay National Park. Discovery Princess and Royal Princess sail from Seattle weekly, May 4 – September 21, 2025. Grand Princess offers weekly cruises from Vancouver, B.C., May 27 – August 19, 2025. Ruby Princess sails 11-day cruises roundtrip from San Francisco May 4 – September 13, 2025.
- Alaska Samplers: Three itineraries of four to five days offer shorter voyages for guests looking for a quick getaway. Discovery Princess, Royal Princess and Grand Princess operate four-day, roundtrip voyages between Vancouver, B.C. to Seattle with a stop in Ketchikan – departing April 30, May 13 and May 23, 2025. Caribbean Princess sails a four-day, roundtrip cruise from Vancouver, B.C., with a visit to Ketchikan departing September 13, 2025, and a five-day roundtrip cruise from Vancouver, B.C., with stops in Sitka and Ketchikan sailing May 5, 2025.
Cruisetours
- More than 26 cruisetour options give guests variety of choice with four styles of travel including Denali Explorer tours, On Your Own options, Connoisseur Deluxe Escorted and Off the Beaten Path.
- The exclusive Direct-to-the-Wilderness rail service ensures a seamless transition between the ship in Whittier and the Denali area on the same day.
Award-Winning North to Alaska Program
Princess' award-winning North to Alaska program enriches the onboard and onshore experience with local lumberjacks, Iditarod champions, and storytellers sharing their Alaska experiences and insights. Other offerings include Wild for Alaska seafood menus, a variety of shore excursions, Puppies in the Piazza to meet sled-dog puppies, Junior Ranger program for youth, and authentic commentary by Glacier Bay Park Rangers and Naturalists.
Visit www.princess.com/alaska for more details on the 2025 Alaska cruises and cruisetours season from Princess Cruises.
Additional information about Princess Cruises is available through a professional travel advisor, by calling 1-800-Princess (1-800-774-6237) or by visiting www.princess.com.
About Princess Cruises
Princess Cruises is The Love Boat, the world's most iconic cruise brand that delivers dream vacations to millions of guests every year in the most sought-after destinations on the largest ships that offer elite service personalization and simplicity customary of small, yacht-class ships. Well-appointed staterooms, world class dining, grand performances, award-winning casinos and entertainment, luxurious spas, imaginative experiences and boundless activities blend with exclusive Princess MedallionClass service to create meaningful connections and unforgettable moments in the most incredible settings in the world - the Caribbean, Alaska, Panama Canal, Mexican Riviera, Europe, South America, Australia/New Zealand, the South Pacific, Hawaii, Asia, Canada/New England, Antarctica, and World Cruises. The company is part of Carnival Corporation & plc (NYSE/LSE:CCL; NYSE:CUK).
View original content to download multimedia:
SOURCE Princess Cruises
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| 2023-07-31T20:37:22
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Paul Reubens, the character actor he entertained millions during his run as Pee-wee Herman, has passed away following a private battle with cancer. The 70-year-old reportedly passed away Sunday evening (July 30), according to a post from his estate.
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“Last night we said farewell to Paul Reubens, an iconic American actor, comedian, writer and producer whose beloved character Pee-wee Herman delighted generations of children and adults with his positivity, whimsy and belief in the importance of kindness,” wrote Reubens’ estate below a photo on the official Pee-Wee Herman Instagram page. “Paul bravely and privately fought cancer for years with his trademark tenacity and wit. A gifted and prolific talent, he will forever live in the comedy pantheon and in our hearts as a treasured friend and man of remarkable character and generosity of spirit.”
His zany, man-child persona of Pee-Wee Herman made Reubens an international star. Known for his over-the-top personality and quirky style of dress and mannerisms, Reubens character quickly became part of 80s pop culture and led to the 1985 film Pee-wee’s Big Adventure, followed by the Emmy Award-Winning series Pee-wee’s Playhouse.
In 2012, Reubens resurrected his Pee-wee character on the Bravo Series, Top Chef: Texas. Herman served as a guest judge, with one segment of the show challenging contestants to ride a bike similar to Pee-Wee’s beloved Schwinn, while gathering ingredients through San Antonio to prepare and serve a special lunch for Pee-wee at the Alamo.
‘Pee-Wee Herman’ Actor Paul Reubens Dead at 70 was originally published on theboxhouston.com
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| 2023-07-31T20:37:23
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You’re reading the Today’s Opinions newsletter. Sign up to get it in your inbox.
After all, as Kathleen Parker wrote in a 2021 column on why the holidays remain the best, “Christmas isn’t a certain set of circumstances. It is a state of mind.”
So the long days of summer ought to make it even easier to enter that bright-shining space and don the virtues that come with it. They are, if you will, the gifts that keep on giving.
The since-deceased Michael Gerson wrote pretty much annually (alas, in December) on these virtues. His final holiday column, drafted as he was dying, is an unblinking tribute to hope. But the one from 2018 — on hope’s cousin, courage — is just as good.
Michael presented courage as the antidote to anxiety, “the defining emotion of our time.” Mary, mother of Jesus, had maybe more cause for anxiety than any other human in recorded history, but she forged through confusion, if not with optimism — “urging someone to be more optimistic is like urging someone to have higher cheekbones or bluer eyes,” Michael wrote — then with confidence.
Along with courage comes kindness. Recall the arrival of thousands of Afghans to the United States in 2021, lost and “tempest-tost” after the fall of their country, the Editorial Board wrote. The board invoked the Christmas spirit that winter to call Americans to their “innate generosity” to make a home for their new neighbors.
Post reporting around the same time showed an America very up to the task.
Christmas wasn’t a part of most of these Afghans’ tradition, nor is it for Benjamin Dreyer. But Dickens is. The season for him, even more than courage or kindness, is about the “Carol.”
His 2022 op-ed is a love letter to “A Christmas Carol” and Charles Dickens’s “scrumptious quotableness” that “begs to be read aloud.” His piece is full of fun facts about the classic; the revelation of how Dickens, on deadline, retrofitted a plot error is laugh-out-loud.
A very Petri Christmas
Speaking of laugh-out-loud, The Post’s Christmas queen is humor columnist Alexandra Petri. Her own sendup of “A Christmas Carol” in 2021 saw Sen. Joe Manchin, holding out on President Biden’s Build Back Better bill, unconvinced by visiting spirits.
In 2017, Melania Trump shared that she would like to spend the holidays “on a deserted island, a tropical island — [long pause] — with my family.” Alexandra imagined just that vacation for her.
Alexandra’s ranking of 100 — yes, 100 — Christmas songs is at once unhinged and exactly correct. And why wait until winter to purchase something special for that special someone from the General Services Administration’s auction page? (Perhaps the Editorial Board should have considered this revenue stream in its master plan for how to tame the deficit.)
But by far, the best of Alexandra’s yule oeuvre is …
... from Alexandra’s series of increasingly exasperated thank-you notes to the sender of the menagerie of gifts.
Things go well at first; less so as the creatures pile up: “I have been reported for animal hoarding and noise pollution. There is no surface in my home unpolluted by the touch of a filthy bird.”
Less Christmas
Okay, if thoughts of snow and sugarplum fairies can’t unstick you from the sweaty peak of summer, Post writers pitched in to provide eight other ways to keep cool.
Jennifer Finney Boylan suggests the beguilingly violet Aviation cocktail, it alone worth purchasing obscure liqueurs for. Bina Venkataraman literally sticks her head in the freezer. Michele Norris lauds just sitting on a porch, where “time seems to have its own rhythm.”
And Kathleen Parker, that lover of Christmas, battles her way winterward stoically: “Not whining is the best way to handle summer heat.”
Holliest, jolliest
We’ll be back to the regular newsletter tomorrow, but for the holiday haters out there, a quick politics fix:
- Biden is diversifying the judicial bench, Jen Rubin writes, but Congress should create more seats for him to fill.
- The GOP failed to win Biden skeptics last year, Henry Olsen writes. He says it must do better.
And you haters should at least know you’re in good company. Contributing columnist Brian Broome despises Christmas and its “unchecked, poinsettia-riddled capitalism.” Before anyone humbugs, hear out his complicated relationship with this, er, that time of year.
It’ll be here soon, but for now — merry summer!
It’s a goodbye. It’s a haiku. It’s … The Bye-Ku.
Tongue pokes toward the sky
To catch … a snowflake? Wait, no —
A/C unit drip!
***
Have your own newsy haiku? Email it to me, along with any questions/comments/ambiguities. See you tomorrow!
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| 2023-07-31T20:37:23
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Celebrate the Blooms with Inaugural National Sunflower Day on August 5
BISMARCK, N.D., July 31, 2023 /PRNewswire/ -- In late July and into August, vast fields of brilliant yellow sunflowers blanket North Dakota during the peak growing season and visitors are awed by the landscape awash in summery hues. This year, North Dakota Tourism invites visitors to celebrate these picturesque fields with the inaugural National Sunflower Day on August 5, 2023.
The National Day Calendar recognition, slated for the first Saturday each August, is a collaboration between the National Sunflower Association and North Dakota Tourism and recognizes the inherent happiness the sunflowers evokes and the prominence of North Dakota's agricultural industry in growing the cheerful blooms.
For visitors planning a picture-perfect road trip for National Sunflower Day and beyond, North Dakota Tourism has launched the state's 2023 Sunflower Blooms Guide detailing the location of more than a dozen stunning sunflower fields. Weekly bloom updates will highlight the progress of the seasonal color as it unfolds across the state making the map a perfect tool for making the most of the waning days of summer. North Dakota Tourism is also making an ideal road trip snack available to visitors with packets of savory sunflower seeds in mailboxes at select fields.
To capture the iconic blooms in photos and videos, keep the following tips in mind:
- In general, visitors are welcome to stop by fields included on the Sunflower Blooms Guide as long as they are respectful and don't enter or drive into the fields.
- Scout the field location early to capture that golden hour image or video just-after sunrise or just-before sunset. Visitors will want to set up early to take advantage of the golden hues.
- Keep in mind that cloudy days are often some of the best times to capture vibrant close-ups and more subtle variations in shadows.
- Tag your photos and videos on social media using #BeNDLegendary to celebrate your love of the sunny blooms.
- Fuel your photoshoot with a beloved North Dakota snack with Fargo's irresistible SunButter made from roasted sunflower seeds or Wahpeton's Giants Snacks with original and kettle roasted flavors of sunflower seeds.
As the top sunflower producing state last year, North Dakota farmers planted 702,000 acres of the beautiful blooms in 2022, and the state is the top producer of edible sunflower seeds in the U.S. More sunflower recipes, videos and little-known facts are available at Brighten Your Day with the Amazing Sunflower. For more on planning a trip to North Dakota, visit NDtourism.com.
Follow North Dakota Tourism on Facebook at www.facebook.com/TravelND, on Instagram at https://www.instagram.com/northdakotalegendary/ on or on Twitter at http://twitter.com/NorthDakota and get tips on what to see and do all year long.
View original content to download multimedia:
SOURCE North Dakota Tourism Division
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https://www.kbtx.com/prnewswire/2023/07/31/north-dakota-landscape-awash-vibrant-yellow-sunflowers/
| 2023-07-31T20:37:28
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Today on the Bijou Star files on 93.1 WZAK, July 31, 2023: Click to Listen Live and read more on these stories below.
Donald Trump Gets Fired Up At Rally In Pennsylvania And Calls Joe Biden A ‘Dumb Son Of A B’
Lawd! While at a campaign rally in Erie, Pennsylvania on Saturday night (July 29), former President Donald Trump got fired up and called current President Joe Biden a “dumb son of a b*tch.” Read More
CARDI B GETS COMPARED TO MILLI VANILLI …After Mic Throw Incident
Cardi B‘s microphone throw during a live performance has spurred a lot of debate on the internet — but one is taking shape that’s invoking an infamous musical duo … Milli Vanilli. Read More
DISNEY’S ‘HAUNTED MANSION’ BIG BOMB AT THE BOX OFFICE …’Barbie’ Keeps Flying High
Disney has another dud on their hands — this time, it’s “The Haunted Mansion” … which paled in comparison to last week’s big hits, including “Barbie” — who reigns supreme again. Read More
LAKE LANIER Georgia Man Dies JUMPS IN, GETS ELECTROCUTED?!?
Lake Lanier has claimed yet another life in Georgia — only this time, the mode of death is one no one seems to be able to explain … because a guy was shocked to his demise. Read More
EMINEM HYPE MAN FOR TERENCE CRAWFORD AT VEGAS FIGHT
The Terence Crawford/Errol Spence fight Saturday night was incredible, but the bonus at the top had fans going insane … Crawford’s hype man for the walkout was Eminem!!! Read More
NICKI MINAJ VICTIM OF SWATTING AGAIN …911 Call Claiming Shooting At Home
Nicki Minaj’s is the latest in a long line of Los Angeles swatting incidents involving celebs. Read More
TRAVIS SCOTT Old, Super Rare Ferrari …UP FOR SALE FOR $4 MILLION!!!
If you want to drive the LaFerrari to Jamba Juice just like Travis Scott, here’s your chance … the super rare Ferrari that the rapper once owned is now up for sale!! Read More
VIOLA DAVIS HITS PAUSE ON NEW ‘G20’ MOVIE …Despite Snagging Waiver
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STEPHEN A. SMITH SORRY FOR KIM K ‘PROSTITUTE’ TWEET Still Talked Topic on Podcast
Stephen A. Smith deleted a tweet where he rhetorically asked if Kim Kardashian/Kris Jenner were involved in turning tricks — despite talking about exactly that in his latest podcast. Read More
OHIO BANK JOB GONE AWRY BURGLAR BUSTED ON BODY CAM VIDEO …Cops Scream Get Down, Guns Drawn
Things didn’t work out as planned for a suspected bank burglar in Ohio … he came crashing down from a ceiling as cops surrounded him with their guns drawn, and it was all caught on film. Read More
JEFF BEZOS & LAUREN SANCHEZ COME ABOARD, OPRAH …We’re Expecting Youuuu!!!
Jeff Bezos and Lauren Sanchez got their own not-so-little ‘Love Boat’ floating off the coast of Italy, and none other than Oprah Winfrey is up on the lido deck with ’em!!! Read More
RAY LEWIS III AUTOPSY Ray Lewis’ Son …DIED FROM LETHAL MIX OF DRUGS
Ray Lewis III — the son of NFL legend Ray Lewis — died from a lethal mix of drugs … according to an autopsy report obtained by TMZ Sports. Read More
CARLEE RUSSELL CHARGED FOR FAKE ABDUCTION TALE
Carlee Russell‘s attorney, Emory Anthony, tells TMZ … “What we’re dealing with is a young lady who made a huge mistake. She’s been arrested and she’s been charged and she’s eager to finish up and be through with it. She’s dealing with some issues.” Read More
ASTROWORLD TRAGEDY TRAVIS’ TEAM PREVENTED CONCERT FROM STOPPING …Final Police Report Says
Victims of Travis Scott‘s Astroworld tragedy were alarmed the concert continued as they were fighting for their lives, and one security guard even went backstage pleading with Travis’ team to stop the concert … but his team refused to alert Travis. Read More
ADRIEN BRONER APOLOGIZES TO GF FOR VEGAS MISTAKE… ‘These Bitches Got Nothin’ On You’
Whatever Adrien Broner did in Las Vegas, he’s in DEEP trouble with his girlfriend now … ’cause he’s sharing his most sincere apologies with TMZ Sports — saying, “None of these bitches got nothin’ on you.” Read More
The End Of An Era? DDG Says He’s Quitting YouTube To Focus On His Rap Career (Video)
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Houston School District To Convert 28 Libraries Into Discipline Centers
With Texas taking over the Houston Independent School District (HISD) and switching over to the New Education System (NES), libraries at 28 institutions will be converted to “team centers” for children with behavioral issues. Read More
Khloé Kardashian Shares Rare Photos Of Son Tatum As She Wishes Him A Happy First Birthday
Khloé Kardashian is celebrating her son’s first birthday and has taken to Instagram to share a special message and some rare family photos. Read More
Tristan Thompson’s Brother Denies Accusing Khloé Kardashian of Using Mom’s Death as ‘Storyline’
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Two Sisters And Teenager Found Dead After The Family Attempted To ‘Live Off The Grid’ In The Rocky Mountains
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Chika Reflects On The Moment She Received Backlash For Speaking On Zonnique’s Daughter
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Heartbreaking: Mom Of Four Dies After Hitting Head In Fall On Treadmill At LA Fitness Gym
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Rick Ross Reignites DJ Envy Beef While Taking Shots As Envy Battles Several Real Estate Lawsuits
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Vanessa Williams, 60, Says She Has No Interest In Getting Plastic Surgery And Does Not “Do Fillers” — Shares Her Fitness And Wellness Regimen
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Kanye West’s Twitter Account Reinstated Almost Eight Months After Suspension
West was originally suspended after he shared an image of a swastika. Read More
LeBron James’ I Promise School Raises Concerns After Delivering Low Test Scores: “It Is Discouraging”
LeBron James’ I Promise School is facing backlash for delivering “discouraging” test scores. Read More
President Biden Speaks Out About Hunter’s 4-Year-Old Daughter, “This Is Not A Political Issue, It’s A Family Matter”
President Joe Biden has broken his silence about his 4-year-old grandaughter Navy Joan Roberts. His son, Hunter Biden, fathered the baby with Lunden Roberts. Read More
Texas Woman Led Police On High-Speed Chase And Used Daughter As Human Shield: ‘Shoot Us’
A Missouri City, Texas, is accused of using her daughter as a human shield against police officers after engaging in a high-speed chase. Read More
Drunk Delta Airlines Passenger Downs 11 Drinks, Sexually Assaults Minor and Her Mom on 9-Hour Flight: Lawsuit
Delta Air Lines is facing a $2 million lawsuit from a woman who claims flight attendants failed to intervene after she and her teenage daughter were sexually harassed and accosted by a drunken passenger. Read More
‘Days of Our Lives’ Pauses Production Amid EP Albert Alarr Misconduct Probe
Days Of Our Lives, which streams on NBCUniversal’s Peacock platform, is going on an unplanned hiatus. Read More
Tina Knowles Makes First Post Amid News of Her Divorce: ‘Only God Is Perfect’
Tina Knowles is speaking out for the first time since the news of her divorce made headlines and it looks like she has an important message she wants to share. Read More
The Bijou Star files can be heard LIVE on The Sam Sylk Show With Bijou Star on 93.1 WZAK Monday through Friday starting at 10:00 am
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Animal Shelters, Rescue Groups, and Happy Adopters, Nationally and Internationally, Encouraged to Celebrate the Role Adopted Dogs Play in Our Lives
PORT WASHINGTON, N.Y., July 31, 2023 /PRNewswire/ -- Tuesday, August 1st is DOGust 1ST ®– the official birthday for all rescue dogs – and North Shore Animal League America is encouraging animal lovers around the country and globe to join them in celebrating the incredible meaning our adopted animals add to our lives.
Since the actual dates of birth for most rescued dogs are unknown, Animal League America created DOGust 1st to celebrate rescue dogs (those adopted and those awaiting loving homes.) Since 2008, these "Mutt-i-grees" have had this day designated to honor the incredible impact they make on our lives.
"This is a wonderful opportunity to celebrate rescue dogs and the invaluable role they play in our lives, while raising awareness about the importance of rescue and adoption," said Joanne Yohannan, Senior Vice President, Operations, North Shore Animal League America.
In honor of DOGust 1st, North Shore Animal League America, and many of their shelter partners across the country, will be participating in DOGust 1st festivities throughout the week (August 1 – 7.) By encouraging adoption specials, birthday themed activities, and local media opportunities, even more rescue dogs are expected to find loving, responsible homes.
To find an adoptable pet at a shelter or rescue group in your area go to www.animalleague.org.
To find a participating DOGust 1st group near you visit www.animalleague.org/dogust1st.
For video highlights of DOGust 1st, visit: DOGUST 1ST ASSETS
Photo & Video Credit: North Shore Animal League America
MEDIA CONTACT:
KATHLEEN LYNN
Senior Director of Communications
Cell: (516) 528-7878
Email: KathleenL@animalleague.org
#DOGust1st #GetYourRescueOn
About NORTH SHORE ANIMAL LEAGUE AMERICA
Animal League America has saved more than 1.1 million lives. As the world's largest no-kill rescue and adoption organization, we understand that a rescue isn't complete until each animal is placed into a loving home. Our innovative programs provide education to reduce animal cruelty and advance standards in animal welfare. We reach across the country to rescue animals from overcrowded shelters, unwanted litters, commercial breeding facilities, natural disasters and other emergencies and find them permanent, loving homes. www.animalleague.org
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SOURCE North Shore Animal League America
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Man accused of killing grandfather found guilty of aggravated murder
Harold Pleasant’s body was found wrapped in a rug underneath a deck.
IRONTON, Ohio (WSAZ) – A man charged in his grandfather’s murder was found guilty on Monday on several charges including aggravated murder.
Kace Pleasant was found guilty of aggravated murder, abuse of a corpse, tampering with evidence, fleeing and eluding, kidnapping and robbery.
Harold Pleasant’s body was found wrapped in a rug underneath a deck in the backyard of the home on South 9th Street.
Man accused of killing grandfather; body found wrapped in rug
Police say the Sanitation Department called 911 saying a man attempted to discard suspicious bags in their garbage truck. When police arrived, they say they found bloody clothing in the bags that were determined to have come from a home.
Ironton Police Chief Wagner says when officers arrived at that home to do a well-being check, they saw Kace Pleasant leave the house and get in a car.
Ironton Police tried to encounter Pleasant, but they say he took off.
Kace was located and arrested by the Scioto County Sheriff’s Office in the Lucasville area.
Kace will be sentenced on August 16 at 10am.
Keep checking the WSAZ app for the latest information.
Copyright 2023 WSAZ. All rights reserved.
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Updated July 31, 2023 at 4:09 PM ET
Pee-wee Herman, the comic creation of actor/writer Paul Reubens, would often toss taunts of the schoolyard into his casual conversation. It was one of the character's go-to bits.
"Why don't you take a picture? It'll last longer!"
"That's my name! Don't wear it out!"
And, most iconically,
"I know you are, but what am I?"
Of course, when it came to Pee-wee himself, with his tight gray suit, red bow tie, crew cut, rouged cheekbones and ruby-red lips, "What am I?" was the real question – it was the one he posed merely by existing.
Reubens died Sunday of cancer at the age of 70. He was an actor – but for a long time, he tried to convince the public that Pee-wee was a real person, not a character.
Folks didn't know what to make of Reubens' petulant man-child at first. Created in 1977, while Reubens was a member of the Los Angeles sketch troupe The Groundlings, Pee-wee was part prop comic, part brat and part trickster spirit. There was something fearless in Pee-wee, something unapologetic and brash that took you a second to process. The character was very obviously and intentionally what folks used to call a sissy – but how could a sissy own the stage like he did? Bask in the spotlight like he did? How could a sissy so confidently and explicitly dictate the terms for his audience on how to experience him?
The Pee-wee Herman Show at The Groundlings Theatre soon had LA hipsters lining up around the block for a midnight show that mixed puppets and parody with archival educational films – the precise fuel mixture that powered Reubens' later CBS Saturday morning show, Pee-wee's Playhouse.
It was never Peter Pan, what he was doing. Yes, Pee-wee was a boy who never grew up, but he was more than that — he was one singular adult's remembrance of what it was like being a kid. Specifically, of those parts of childhood we pretend not to see in our own children — the narcissism, the selfishness, the utter lack of basic human empathy. The monstrous bits.
In Pee-wee's Big Adventure, it manifested in his hilariously obsessive drive to recover his stolen bike — a quest which would cause him to trample on the feelings of friends like Amazing Larry (Lou Cutell) and Dottie (E.G. Daily). On Pee-wee's Playhouse, it took the form of gleeful admonitions to his viewers to "scream real loud" whenever anyone said the week's secret word. (Spare a thought for the long-suffering parents who'd hoped that sitting their kids in front of the TV would allow them a moment's peace to finish their coffee.) On 1988's magnificent holiday staple Pee-wee's Playhouse Christmas Special, Reubens zeroed in kids' ravenous greed for presents, turning Pee-wee into a monster who only reluctantly sees the light once guilted into it. (Like Scrooge, he's a lot more fun to hang around with before his last-minute epiphany.)
To watch Pee-wee was to re-experience childhood the way we'd forgotten it actually was – pure, concentrated, distilled to its essence, when riding your bike and playing with your toys and screaming real loud was all it took to fill a day. Pee-wee was a creature of impulse, anarchy and id – which is probably why Reubens' frequent appearances on Late Night with David Letterman helped launch him to stardom.
Reubens' silliness worked on a different frequency than Letterman's – Pee-wee was wilder and far less inhibited than Letterman could ever hope to be, and Letterman knew to play up his own tetchy, aggrieved discomfort at Pee-wee's hijinks for comedic effect. The two men vibrated at opposite ends of the comedic spectrum, but they worked together brilliantly. In those interview segments, which quickly devolved into Pee-wee's signature giggles, you laughed at Reubens' ability to take complete control of the experience, and at Letterman's entirely uncharacteristic willingness to give over the reins.
In the coming days, our social media feeds will fill up with a lot of Pee-wee's greatest hits – Large Marge; "Tequila!"; Jambi the Genie; Chairy; Reubens' extended and entirely improvised death scene in the Buffy the Vampire Slayer movie; "I'm a loner, Dot. A rebel."; and, of course, "Come on, Simone. Let's talk about your big 'but.'"
Me, though, I'll be putting on the aforementioned Pee-wee's Playhouse Christmas Special, because it will remind me of one of Reubens' most overlooked talents – his ability to sneak an artisanal blend of fey subversiveness into the mainstream. That special injected a defiantly, yet matter-of-fact, queer sensibility into the CBS primetime airwaves of Reagan's America: The Del Rubio Triplets! Zsa Zsa Gabor! Little Richard! Annette Funicello and Frankie Avalon! KD Lang! Charo! The LA Men's Chorus dressed up as a Marine choir! And, most indelibly, Grace Jones as green Gumby, drag singing a club mix of "The Little Drummer Boy."
Keep your "I meant to do that." Keep your dancing on the biker bar to "Tequila." The image of Reubens that I'll be holding closest to my heart over the next few days is of him rocking out in the background as Jones sings in the glare of the spotlight.
Because I swear you can see, in just the way he holds his body, the mischievous delight he's taking in what he's unleashing on an unsuspecting public: Grace Jones, ladies and gentlemen, delivered unto your living rooms, pulling up to the bumper of your cozy family holiday special, an entirely singular brand of weirdness served up to you hot and fresh, with a high, unselfconscious giggle.
Jennifer Vanasco contributed to earlier versions of this story.
Copyright 2023 NPR. To see more, visit https://www.npr.org.
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DENVER, July 31, 2023 /PRNewswire/ -- Palantir Technologies Inc. (NYSE: PLTR) today announced that it was selected by the Defense Information Systems Agency (DISA) to support coordination between federal and commercial licensees of the 3450 - 3550 MHz spectrum band. Palantir will provide its software platform to enable end-to-end automation that will enhance coordination between the Department of Defense and commercial spectrum licensees for shared use of the 3450-3550 MHz band within cooperative planning area (CPA) and periodic use area (PUA) coordination zone boundaries.
As part of an ongoing interagency effort to facilitate the shared usage of critically important mid-band spectrum, Palantir's software will enable DISA's Defense Spectrum Organization (DSO) to support formal and informal coordination processes between the Department of Defense and commercial licensees. Existing and future government activities in the spectrum band are vital to protect national security and ensure military readiness.
Palantir software will be used to integrate multiple existing functions and capabilities into a single infrastructure that will result in more efficient workflows, reducing the timelines for licensee coordination with DoD to establish sharing agreements and enable deployment of 5G wireless services within CPA/PUA boundaries. Palantir software will also be used to demonstrate the ability to support more advanced spectrum sharing use cases.
"We are proud to partner with DISA DSO to support the complex task of sharing limited spectrum resources between federal and commercial users," said Akash Jain, President, Palantir USG. "We are excited to rapidly deploy software that will accelerate and automate coordination workflows and enable the increasingly dynamic and efficient use of spectrum."
"As military and commercial use of radio-frequency spectrum continues to grow, spectrum coordination will be increasingly necessary to preserve the effectiveness of critical national security capabilities while enabling U.S. commercial leadership in 5G and other critical technology areas. Palantir looks forward to working alongside the Department of Defense to deploy innovative software solutions that support advanced spectrum sharing workflows and processes," said Miriam Marwick, SVP, Emerging Technologies, Palantir USG.
About Palantir Technologies Inc.
Foundational software of tomorrow. Delivered today. Additional information is available at https://www.palantir.com.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements may relate to, but are not limited to, Palantir's expectations regarding the amount and the terms of the contract and the expected benefits of our software platforms. Forward-looking statements are inherently subject to risks and uncertainties, some of which cannot be predicted or quantified. Forward-looking statements are based on information available at the time those statements are made and were based on current expectations as well as the beliefs and assumptions of management as of that time with respect to future events. These statements are subject to risks and uncertainties, many of which involve factors or circumstances that are beyond our control. These risks and uncertainties include our ability to meet the unique needs of our customer; the failure of our platforms to satisfy our customer or perform as desired; the frequency or severity of any software and implementation errors; our platforms' reliability; and our customer's ability to modify or terminate the contract. Additional information regarding these and other risks and uncertainties is included in the filings we make with the Securities and Exchange Commission from time to time. Except as required by law, we do not undertake any obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future developments, or otherwise.
Media Contact
Lisa Gordon
media@palantir.com
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As North Carolina educators, law enforcement and state officials gathered in Gastonia for a back-to-school safety summit, vendors lined the hall pitching body-armor backpacks, bulletproof windows, panic alarms and weapon scanners — reminders that the threat of school shootings always lurks.
But officials who launched the three-day session Monday said that’s only part of the safety scene.
State Superintendent Catherine Truitt said the past year has brought “an uptick in some school safety challenges.” At the top of that list, she said, is “hoaxes and swatting. If you work in a public school, you know exactly what I’m talking about.”
False threats, often spread through social media, may not result in violence but they drain time and resources, she said.
“And in addition to this trend, we know that school climate, bullying prevention and suicide prevention continue to be a focus to schools following the pandemic,” Truitt told the group.
In an interview, she said schools must balance emergency preparations and the daily school climate: “There’s the hardening of schools and the technology that is needed, but there’s also the human piece. Schools are about people, so we have to make sure that all of our educators have as much training as possible to be able to recognize the mental health aspect.”
Truitt added that teachers should not be responsible for providing mental health services, but should be trained to spot warning signs and send students to clinicians or counselors.
As an example of technology to deal with emergencies, she mentioned that in February the state introduced the Rave panic alarm, a phone app that’s free to all schools to notify law enforcement and other first responders of an emergency.
State Rep. John Torbett, a Gaston County Republican who chairs the House Education Committee, also talked about the competing demands: “There’s two schools of thought and I jokingly call them gadgets and gizmos, and mental health.”
Torbett said this year’s bipartisan approval of a bill that requires schools to have threat assessment teams in place by 2024 focuses on mental health but could prevent violence inside and outside schools. The teams include administrators, counselors, school resource officers and others who might spot or respond to signs that a student is struggling. The goal is to get those students help before a crisis emerges.
“So if we do it right and we communicate, we observe and we share and we find solutions, we can change that individual that’s thinking about harming himself or harming others,” he said.
The North Carolina Center for Safer Schools, which is part of the Department of Public Instruction, is hosting the three-day summit, which continues through Wednesday. Only the opening remarks were open to the news media.
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The Fitness Superstore to Exclusively Carry the REP Line
DENVER, July 31, 2023 /PRNewswire/ -- Home and commercial gyms in the United Kingdom and Ireland are about to level up.
One of the USA's top gym equipment brands has joined forces with the UK's largest speciality fitness retailer. Starting this summer, Bodypower Sports Ltd. (trading as Fitness Superstore) will carry a large range of REP Fitness equipment. This expansion was in response to a growing demand overseas, after REP took the US by storm. It kicks off the launch of REP products throughout all of Europe, so more people can have access to REP's versatile, quality, innovative equipment.
REP, founded a decade ago in Colorado by two gym-loving brothers, has risen to become America's most popular brand in the home gym market. It offers a full line of gym gear, all designed by in-house, weightlifting engineers for both commercial and home gyms.
REP's award-winning power racks, benches, functional training gyms, and more will soon be available for UK customers to try out and order in Fitness Superstore showrooms across the UK (11 stores). Fitness Superstore, founded in 1994, is the largest supplier of specialist fitness equipment in the UK and is proud to feature the largest fitness equipment showrooms in the UK.
Fitness Superstore will also carry REP on its website, to be delivered throughout the UK and Ireland.
"Fitness Superstore is proud to exclusively represent this fantastic and innovative brand in the UK," says Paul Walker, Fitness Superstore managing director and owner.
Ryan McGrotty, co-founder or REP, echoes that. He says Fitness Superstore and REP make a great partnership because both are staffed by real-life fitness enthusiasts and professionals; they both offer a full range of equipment, and they both value creating community and making fitness accessible to all.
"We're excited to be working with such a strong partner in the UK with Fitness Superstore. We know they will offer a great shopping experience for all our fans in the UK who have been eagerly awaiting the availability of our products," says McGrotty. "Their broad store footprint will make it convenient for everyone to easily see and test our products before taking them home.
ABOUT REP
REP Fitness designs and sells world-class, innovative strength equipment that is sold around the world. REP was founded in Colorado in 2012 by two brothers with a shared passion for fitness and has grown into more than 300,000 square feet of office and distribution space and a team of more than 150 dedicated fitness enthusiasts. That shared passion for fitness is what drives REP's innovative spirit, where creating class-leading fitness equipment, with an emphasis on incredible home gyms, is paramount.
REP has been listed twice on the Inc. 5,000 fastest-growing companies — in 2018 and in 2021. REP products are frequently listed as top choices in many fitness publications, such as Men's Health.
For more information, visit repfitness.com. Connect with REP on Instagram, YouTube, Facebook, TikTok, and LinkedIn.
ABOUT FITNESS SUPERSTORE
Fitness Superstore, founded in 1994, is the largest supplier of specialist fitness equipment in the UK and is proud to feature the largest fitness equipment showrooms in the UK.
Learn more at fitness-superstore.co.uk. You can also connect with Fitness Superstore on Facebook, Instagram, YouTube, and TikTok.
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SOURCE Rep Fitness
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This article was written by a human.
That's worth mentioning because it's no longer something you can just assume. Artificial intelligence that can mimic conversation, whether written or spoken, has been in the news a lot this year, delighting some members of the public while worrying educators, politicians, the World Health Organization, and even some of the people developing AI technology.
Misuse of AI is part of what actors and writers are striking about in Hollywood, and the threat of AI is something Hollywood was imagining long before it was real.
In 1968, for instance, the year before humans first set foot on the moon — and a time when astronauts still used pencils and slide rules to calculate re-entry trajectories because their space capsules had less computing power than a digital watch has today — Stanley Kubrick introduced movie audiences to a sentient HAL-9000 computer in 2001: A Space Odyssey.
HAL (for Heuristically Programmed Algorithmic Computer) introduced itself early in the film by saying, "No 9000 computer has ever made a mistake or distorted information. We are all, by any practical definition of the words, foolproof and incapable of error."
'Open the pod bay door, HAL'
So why was HAL acting so strangely? He (it?) was responsible for maintaining all aspects of a months-long space flight, ferrying astronauts to the moons of Jupiter. Programmed to run the mission flawlessly, the computer's behavior had become alarming, and two of the astronauts had decided to shut down some of its functions. Their plan was short-circuited when HAL, lip-reading a conversation they'd managed to keep him from hearing, cast one of them adrift while he was outside the ship repairing an antenna and refused to let the other back on board.
"Open the pod bay door, HAL" became one of the most quoted film lines of the decade when the computer responded, "I'm sorry, Dave, I'm afraid I can't do that. This mission is too important for me to allow you to jeopardize it."
It's hard to articulate what a genuine shock this was for 1960s movie audiences. There'd been films with, say, robots causing havoc, but they were generally robots doing someone else's bidding. Movie robots, at that point, were about brawn, not brain.
And anyway, malevolent robot stories were precisely the sort of B-movie silliness Kubrick was trying to avoid. So his intelligent machine simply observed (with an unblinking red eye) and, when addressed directly, spoke with a calm, modulated voice, not unlike the one that would be adopted four decades later by Siri and Alexa.
Darwin Among the Machines
Earlier literary notions of "artificial" intelligence — and there were not a lot of them at that point — hadn't really caught the public's imagination. Samuel Butler's 1863 article Darwin Among the Machines, is generally thought to be the origin of this species of writing, and it mostly just notes that while humankind invented machines to assist us — and remember, a really sophisticated machine in 1863 was the steam locomotive — we were increasingly assisting them: tending, fueling, repairing.
Over tens of thousands of years, Butler wondered, might humans not evolve in much the same way Darwin's study of natural selection had just established the rest of the plant and animal kingdoms do, to the point that we would become dependent on our devices?
But even when he incorporated that idea a decade later into a satirical novel called Erewhon, expounding for several chapters on self-replicating machines, Butler barely touched on the notion that those machines would develop consciousness. And neither did the influential 19th-century science fiction writers who followed him. H.G. Wells and Jules Verne invented plenty of unorthodox devices as they sent characters to the center of the Earth, and into space and the recesses of time, without ever considering that those devices might want to do things on their own.
The term "artificial intelligence" wasn't even coined (by American computer scientist John McCarthy) until about a dozen years before Kubrick made his Space Odyssey. But HAL made an impression on the public where scientists had not. Within just a couple of years, movie computers didn't just want spaceship domination; in Colossus: The Forbin Project (1970), they wanted to take over the world.
Malignant machines gone viral
And then this notion of technology-run-wild, ran wild. A high school student played by Matthew Broderick nearly started World War III in WarGames (1983) when he thought he was hacking a computer company's website but accidentally challenged the Pentagon's defense network to a quick game of "global thermonuclear war." The problem, it soon became clear, was that no one told the defense network they were just "playing."
Elsewhere, mechanical men stopped being all-brawn and got a new dispensation to think for themselves, something fiction had granted them before Hollywood got around to it.
In the 1940s, sci-fi novelist Isaac Asimov came up with "Three Laws of Robotics" that would theoretically keep "independent" machines in line. When Asimov's story I, Robot, was turned into a film a half-century or so later, those laws should have reassured Will Smith as he stared down thousands of bots. But he had good reason to be skeptical; he was fighting a robot rebellion.
The Terminator movies effectively put all these themes on steroids — cyborgs in the service of a computerized, sentient, civil-defense network called Skynet, designed to function without any human input. A "Nuclear Fire" and three billion human deaths later, what was left of humanity was engaged in a war against the machines that has so far consumed six films, a TV series, a pair of web series, and innumerable games.
And nuclear blasts weren't necessary to make machine intelligence alarming, a fact cyberpunk-noir established definitively in Blade Runner with its "replicants," and in a Matrix series that reduced all of humanity to a mere power source for machines.
Hollywood's still fighting that vision. Who knows what "The Entity" wants in Mission Impossible: Dead Reckoning (presumably we'll find out next year in Part Two), but whatever it is, it won't bode well for humanity.
Hollywood concentrates on exploiting our fears — in the late 20th century, we worried about ceding control to technology. In the 21st century, we worry about losing control of technology.
It seems not to have occurred to Tinseltown that AI might do the things it's actually doing — make social media dangerous, or make undergrad writing courses unteachable, or screw up relationships by auto-completing incorrectly. None of those are terribly cinematic, so Hollywood concentrates on exploiting our fears — in the late 20th century, we worried about ceding control to technology. In the 21st century, we worry about losing control of technology.
Bring on the droids
Have there also been friendlier film visions of AI? Sure. George Lucas came up with lovable droids R2-D2 and C-3PO for Star Wars, and Pixar gave us Wall-E, a bot who was pluckily determined to clean up an entire planet we'd despoiled.
Spike Jonze's drama Her imagined a sentient, Siri-like personal assistant as a digital girlfriend. Star Trek's Data was not just a Next Generation android version of Mr. Spock, but also a sort of emotion-challenged Pinocchio.
And another Pinocchio — this one fashioned to stand the test of time — would have been Stanley Kubrick's own answer to the question he'd posed with HAL in 1968.
Kubrick labored for decades to hone the script for A.I. Artificial Intelligence, then just two years before he died, handed the project off to Steven Spielberg — the story of David, a robot child who has been programmed to love, and who ends up going beyond that programming.
"Until you were born," William Hurt's Professor Hobby told the bionic child he'd modeled on his own son, "robots didn't dream, robots didn't desire unless we told them what to want." The miracle, he went on, was that though David was engineered rather than born, he shared with humans "the ability to chase down our dreams...something no machine has ever done, until you."
That may not have been enough to make David a real boy, but it put a gentle face on what is perhaps our greatest fear about AI – that we are mortal, and it is not.
In the film, David outlives all of humanity, never growing up, never changing. And perhaps because he was played by Haley Joel Osment, or perhaps because Spielberg was calling the shots, or perhaps because the music swelled ... just so — it didn't feel the least bit threatening.
Copyright 2023 NPR. To see more, visit https://www.npr.org.
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MENLO PARK, Calif., July 31, 2023 /PRNewswire/ -- Robert Half Inc. (NYSE: RHI) announced today that its board of directors has approved a quarterly cash dividend of $0.48 per share. The cash dividend will be paid on Sept. 15, 2023, to all shareholders of record as of Aug. 25, 2023.
Robert Half is the world's first and largest specialized talent solutions and business consulting firm that connects people with meaningful work and provides companies with the talent and subject matter expertise they need to confidently compete and grow. Robert Half is the parent company of Protiviti®, a global consulting firm that provides internal audit, risk, business and technology consulting solutions. Robert Half, including Protiviti, has been named to the Fortune® Most Admired Companies™ and Most Innovative Companies lists and is a Forbes Best Employer for Diversity. Robert Half has talent solutions and consulting operations in more than 400 locations worldwide.
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SAN JOSE, Calif., July 31, 2023 /PRNewswire/ -- Sanmina Corporation ("Sanmina" or the "Company") (NASDAQ: SANM), a leading integrated manufacturing solutions company, today reported financial results for the fiscal third quarter ended July 1, 2023 and outlook for its fiscal fourth quarter ending September 30, 2023.
"Our third quarter results were in line with our outlook. We continue to execute well and deliver consistent operating margins and solid cash generation," stated Jure Sola, Chairman and Chief Executive Officer. "Our strong performance in the first nine months and achievement of our outlook for the fourth quarter would result in fiscal 2023 revenue growth of approximately 14 percent and non-GAAP EPS growth of approximately 35 percent. The team remains focused on excellence in quality, delivery and consistently meeting the needs of our customers. We have a strong foundation and promising future," Sola concluded.
Fourth Quarter Fiscal 2023 Outlook
The following outlook is for the fiscal fourth quarter ending September 30, 2023. These statements are forward-looking and actual results may differ materially.
- Revenue between $2.1 billion to $2.2 billion
- GAAP diluted earnings per share between $1.24 to $1.34
- Non-GAAP diluted earnings per share between $1.47 to $1.57
Safe Harbor Statement
The statements above concerning our financial outlook for the fourth quarter fiscal 2023 and our expectations for growth in revenue and non-GAAP earnings per share in fiscal 2023 should such outlook be achieved, constitute forward-looking statements within the meaning of the safe harbor provisions of Section 21E of the Securities Exchange Act of 1934. Actual results could differ materially from those projected in these statements as a result of a number of factors, most notably ongoing supply chain constraints and geopolitical uncertainty, including from the conflict in Ukraine. Other factors that could cause our results to differ from our forward-looking statements include adverse changes to the key markets we target; significant uncertainties that can cause our future sales and net income to be variable; reliance on a small number of customers for a substantial portion of our sales; risks arising from our international operations; and the other risk factors set forth in the Company's annual and quarterly reports filed with the Securities Exchange Commission.
The Company is under no obligation to (and expressly disclaims any such obligation to) update or alter any of the forward-looking statements made in this earnings release, the conference call or the Investor Relations section of our website whether as a result of new information, future events or otherwise, unless otherwise required by law.
Company Conference Call Information
Sanmina will hold a conference call to review its financial results for the third quarter and outlook for the fourth quarter of fiscal 2023 on Monday, July 31, 2023 at 5:30 p.m. ET (2:30 p.m. PT). The access numbers are: domestic 833-816-1390 and international 412-317-0483. The conference will also be webcast live over the Internet. You can log on to the live webcast at Q3 Webcast Link. Additional information in the form of a slide presentation is available on Sanmina's website at www.sanmina.com. A replay of the conference call will be available for 48-hours. The access numbers are: domestic 877-344-7529 and international 412-317-0088, access code is 1520057.
About Sanmina
Sanmina Corporation, a Fortune 500 company, is a leading integrated manufacturing solutions provider serving the fastest growing segments of the global Electronics Manufacturing Services (EMS) market. Recognized as a technology leader, Sanmina provides end-to-end manufacturing solutions, delivering superior quality and support to Original Equipment Manufacturers (OEMs) primarily in the industrial, medical, defense and aerospace, automotive, communications networks and cloud infrastructure markets. Sanmina has facilities strategically located in key regions throughout the world. More information about the Company is available at www.sanmina.com.
Sanmina Contact
Paige Melching
SVP, Investor Communications
408-964-3610
Schedule 1
The statements above and financial information provided in this earnings release include non-GAAP measures of operating income, operating margin, net income, diluted earnings per share and pre-tax return on invested capital (ROIC). Management excludes from these measures stock-based compensation, restructuring, acquisition and integration expenses, impairment charges, amortization charges and other unusual or infrequent items, as adjusted for taxes, as more fully described below.
Management excludes these items principally because such charges or benefits are not directly related to the Company's ongoing core business operations. We use such non-GAAP measures in order to (1) make more meaningful period-to-period comparisons of the Company's operations, both internally and externally, (2) guide management in assessing the performance of the business, internally allocating resources and making decisions in furtherance of Company's strategic plan, (3) provide investors with a better understanding of how management plans and measures the business and (4) provide investors with a better understanding of our ongoing, core business. The material limitations to management's approach include the fact that the charges, benefits and expenses excluded are nonetheless charges, benefits and expenses required to be recognized under GAAP and, in some cases, consume cash which reduces the Company's liquidity. Management compensates for these limitations primarily by reviewing GAAP results to obtain a complete picture of the Company's performance and by including a reconciliation of non-GAAP results to GAAP results in its earnings releases.
Additional information regarding the economic substance of each exclusion, management's use of the resultant non-GAAP measures, the material limitations of management's approach and management's methods for compensating for such limitations is provided below.
Stock-based Compensation Expense, which consists of non-cash charges for the estimated fair value of equity awards granted to employees and directors, is excluded in order to permit more meaningful period-to-period comparisons of the Company's results since the Company grants different amounts and value of equity awards each quarter. In addition, given the fact that competitors grant different amounts and types of equity awards and may use different valuation assumptions, excluding stock-based compensation permits more accurate comparisons of the Company's core results with those of its competitors.
Restructuring, Acquisition and Integration Expenses, which consist of severance, lease termination costs, exit costs, environmental investigation, remediation and related costs and other charges primarily related to closing and consolidating manufacturing facilities and those associated with the acquisition and integration of acquired businesses, are excluded because such charges (1) can be driven by the timing of acquisitions and exit activities which are difficult to predict, (2) are not directly related to ongoing business results and (3) generally do not reflect expected future operating expenses. In addition, given the fact that the Company's competitors complete acquisitions and adopt restructuring plans at different times and in different amounts than the Company, excluding these charges or benefits permits more accurate comparisons of the Company's core results with those of its competitors. Items excluded by the Company may be different from those excluded by the Company's competitors and restructuring and integration expenses include both cash and non-cash expenses. Cash expenses reduce the Company's liquidity. Therefore, management also reviews GAAP results including these amounts.
Impairment Charges, which consist of non-cash charges, are excluded because such charges are non-recurring and do not reduce the Company's liquidity. In addition, given the fact that the Company's competitors may record impairment charges at different times, excluding these charges permits more accurate comparisons of the Company's core results with those of its competitors.
Amortization Charges, which consist of non-cash charges impacted by the timing and magnitude of acquisitions of businesses or assets, are also excluded because such charges do not reduce the Company's liquidity. In addition, such charges can be driven by the timing of acquisitions, which is difficult to predict. Excluding these charges permits more accurate comparisons of the Company's core results with those of its competitors because the Company's competitors complete acquisitions at different times and for different amounts than the Company.
Other Unusual or Infrequent Items, such as charges or benefits associated with distressed customers, expenses, charges and recoveries relating to certain legal matters, gains and losses on sales of assets, deferred tax adjustments and discrete tax items, are excluded because such items are typically non-recurring, difficult to predict or not directly related to the Company's ongoing or core operations and are therefore not considered by management in assessing the current operating performance of the Company and forecasting earnings trends. However, items excluded by the Company may be different from those excluded by the Company's competitors. In addition, these items include both cash and non-cash expenses. Cash expenses reduce the Company's liquidity. Management compensates for these limitations by reviewing GAAP results including these amounts.
Adjustments for Taxes, which consist of the tax effects of the various adjustments that we exclude from our non-GAAP measures, and adjustments related to deferred tax and discrete tax items. Including these adjustments permits more accurate comparisons of the Company's core results with those of its competitors. We determine the tax adjustments based upon the various applicable effective tax rates. In those jurisdictions in which we do not expect to realize a tax cost or benefit (due to a history of operating losses or other factors), a reduced tax rate is applied.
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SEATTLE, July 31, 2023 /PRNewswire/ -- Seabourn, the leader in ultra-luxury voyages and expedition travel, took delivery of its second expedition ship, Seabourn Pursuit, today during an official handover maritime ceremony at the T. Mariotti shipyard in Genoa, Italy. Seabourn Pursuit is the company's second purpose-built, ultra-luxury expedition ship and the newest expedition ship in the industry.
"I am honored to share this incredible moment with the entire Seabourn family as we welcome Seabourn Pursuit, our highly anticipated second ultra-luxury expedition ship, into our fleet," expressed Natalya Leahy, Seabourn President. "With remarkable craftsmanship by the Mariotti team, an abundance of space, and the breathtaking style of Tihany Design, Seabourn Pursuit raises the bar for ultra-luxury expedition travel. We are grateful to Mariotti and Tihany Design for their expertise in shaping and making our dream come true for our guests."
Leahy added that the state-of-the-art Seabourn Pursuit will provide the perfect combination of luxury and expedition. "Seabourn Pursuit offers the best of both worlds: our well-known signature luxury and elegance with the world of exploration and adventure. The ship is masterfully designed for our guests, who are extraordinary people looking for out of the ordinary experiences. Our guests will indulge in Seabourn's ultra-luxury style and enjoy our intuitive, personalized service, while the ship takes them to awe-inspiring destinations around the world that only few will ever visit in a lifetime."
"Today, one year after the delivery of Seabourn Venture, we are very happy to have completed and delivered her sister ship, Seabourn Pursuit," said Marco Ghiglione, Managing Director of T. Mariotti. "We are truly proud to have built the most outstanding ultra-luxury expedition ship for Seabourn, one of the leading cruise lines in the luxury market. This is another important masterpiece for Italian shipbuilding coming out of T. Mariotti shipyard, demonstrating again that our leadership in this sector is well consolidated. Thanks to Seabourn, all people involved in this journey, Lloyd's Register and the pencil of Adam Tihany, here is the new expedition jewel."
Seabourn Pursuit offers the same luxurious "yacht like" small ship experience that travelers have come to expect from Seabourn, enhanced by world-class equipment that allows the line to offer its widest range of expedition activities led by an expert 24-person expedition team of scientists, scholars, naturalists, and more. Seabourn Pursuit is designed and built for remote, diverse environments to PC6 Polar Class standards and will include a plethora of modern hardware and technology that will extend the ship's global deployment and capabilities. Seabourn Pursuit has close to 30,000 square feet of deck space and special touches at every turn. Those include indoor and outdoor guest areas with nearly 270-degree views, and a 4K GSS Cineflex Camera mounted on the mast of the Constellation Lounge capable of broadcasting imagery from miles ahead on monitors located throughout the ship and in guest suites.
In addition, Seabourn Pursuit, like the rest of the ships in the Seabourn fleet, offers an abundance of space and elegance, eight dining facilities serving gourmet cuisine, and luxurious all-suite accommodations, including a pair of two-level Wintergarden suites.
Seabourn Pursuit is scheduled to enter service August 12, 2023, and will sail five voyages in the Mediterranean before embarking on two voyages across the Atlantic and through the Caribbean. On October 10, 2023, the ship will arrive in Barbados to begin its expedition journeys, taking guests to remote corners of the globe. Seabourn Pursuit will head south for expeditions exploring coastal South America, the Amazon, and Antarctica into late March 2024.
Following its inaugural Antarctic season, the ship will head across the islands of the South Pacific and eventually to Australia, which will be the start of the line's first exploration of the Kimberley region in the Northern Territory and Western Australia between June and August 2024. The iconic Kimberley, with its red sandstone gorges, rivers, waterfalls, wildlife, and Aboriginal life and history, is the ideal setting for a truly, world-class expedition experience. In addition to the Kimberley, Seabourn Pursuit will visit Papua New Guinea, West Papua, Indonesia, and sail across the South Pacific between Chile and Melanesia between March and October 2024.
For more details about Seabourn, or to explore the worldwide selection of Seabourn cruising options, contact a professional travel advisor, call Seabourn at 1-800-929-9391 or visit www.seabourn.com.
About Seabourn:
Seabourn represents the pinnacle of ultra-luxury ocean and expedition travel and operates a suite of six modern ships with one under construction. The all-inclusive, boutique ships offer all-suite accommodations with oceanfront views; award-winning dining; complimentary premium spirits and fine wines available at all times; renowned service provided by an industry-leading crew; a relaxed, sociable atmosphere that makes guests feel at home; a pedigree in expedition travel through the Ventures by Seabourn program and two new ultra-luxury purpose-built expedition ships, including Seabourn Venture that launched in 2022 and Seabourn Pursuit scheduled to enter service in 2023. Seabourn takes travelers to every continent on the globe, visiting more than 400 ports including marquee cities and lesser-known ports and hideaways. Guests of Seabourn experience extraordinary offerings and programs, including partnerships with leading entertainers, dining, personal health and wellbeing, and engaging speakers.
For more details about Seabourn, or to explore the worldwide selection of Seabourn cruising options, contact a professional travel advisor, call Seabourn at 1-800-929-9391 or visit www.seabourn.com.
Seabourn is a brand of Carnival Corporation and plc (NYSE/LSE: CCL and NYSE: CUK).
Find Seabourn on Twitter, Facebook, Instagram, YouTube and Pinterest.
Notes to Editors:
Seabourn is consistently ranked among the world's top travel choices by professional critics and the discerning readers of prestigious travel publications such as Departures, Travel + Leisure and Condé Nast Traveler. Its stylish, distinctive cruising vacations are renowned for:
- Purpose-built expedition ships, PC6 ice-strengthened hull, with advanced maneuvering technology for superior stability, safety, and comfort
- World-class Expedition Team, delivering immersive experiences
- All veranda, all ocean-front suites luxuriously appointed
- Handcrafted itineraries developed for the expedition traveler to the most coveted and familiar remote destinations in the world
- Intimate ships with a private club atmosphere
- Intuitive, personalized service provided by staff passionate about exceeding guests' expectations
- Inclusive expedition experiences with Zodiacs, scuba diving and snorkeling
- Optional expedition experiences with kayaks and custom-built, 6-guest submarines giving the option to extend your expedition further for greater ocean exploration**
- Welcome toast and complimentary in-suite bar stocked with your preferences
- Hosted bridge policy* with Expedition team members providing firsthand access to the ship's command center and officers navigating your journey
- World-class dining venues are all complimentary, dine where, when and with whom you wish
- Tipping is neither required, nor expected
- Complimentary premium spirits and fine wines available on board at all times
- Meticulous and purposeful adventurers' resort at sea designed for the luxury traveler with unique attributes and spaces to enhance your experience
- Spa & Wellness with Dr. Andrew Weil, featuring an exclusive mindful living program**
- Committed to environmental stewardship and sustainability
*At the Captain's discretion
** Optional programs, for additional charge
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A woman who says she was hit by a microphone rapper Cardi B hurled into the crowd at a Las Vegas concert has filed a police report for battery, authorities say.
The singer was performing "Bodak Yellow" at Drai's Beachclub on Saturday before a raucous crowd when a fan threw a large drink on stage, videos circulating on social media show.
Cardi B appeared shocked for a moment then threw her microphone toward the fan. The microphone appeared to hit the fan and another woman and ricocheted into the air.
The Las Vegas Metropolitan Police Department said a woman, who was not named, reported a battery case to police one day after the concert.
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Read the full story at NBCNews.com.
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https://www.nbcnewyork.com/entertainment/entertainment-news/fan-files-police-report-after-cardi-b-hurled-microphone-into-crowd-during-las-vegas-show/4551852/
| 2023-07-31T20:38:05
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‘I’ll be able to walk again’: 6-year-old shot in road rage incident confident about her future
LOUISVILLE, Ky. (WAVE/Gray News) – A 6-year-old’s life may be changed forever after she was shot in the back during a road rage incident on July 10, but that’s not crushing the young girl’s spirit.
Onyx, 6, was in the car with her family when a road rage incident with a group of motorcyclists in Kentucky led to a shooting.
A bullet went through the girl’s back and she had to have emergency surgery.
Onyx has been recovering since and may never walk again. Being in a wheelchair is her new reality.
“I really liked going through the hallways to test it out,” Onyx said, talking about her wheelchair. “I wanted to do it again and then I did.”
The 6-year-old who just wants to dance and play is finding comfort in doing donuts in her wheelchair.
Onyx said she remembers leaving the park on July 10, getting in the car and the moment when she was shot.
“I remember getting carried into the hospital,” she recalled.
Those chain of events left Onyx’s mother, Chyna Sands, with the task of telling her daughter her new reality.
Sands said she told Onyx the bullet severed her back and she can’t use her legs like she used to – a conversation that is still setting in for the young girl.
She’s had to explain to Onyx that she must be in a wheelchair because she can’t walk.
But Onyx didn’t let this get her down too much. She said she is tired of people saying what she can’t do. To her, she has no doubt about what the future holds.
“I’ll be able to walk again, I know I will,” Onyx said with confidence. “I believe that I will be able to walk again.”
That mindset is what Sands says keeps her going.
As of right now, no one has been charged for the shooting which keeps Sands on edge.
“They want me to be patient, but I am out of patience,” Sands said. “I would like to see justice for an innocent 6-year-old who was minding her own business.”
While those responsible are out free, small things like getting into a car are now triggers of trauma.
“Because I got shot in the back, and I’m a little bit scared to get in the car because it brings back the memories,” Onyx said.
Hearing Onyx say that is a hard pill to swallow for a mother that loves to travel everywhere with her daughter.
“As her mom, I’m used to being her superhero,” Sands said. “I fix all of her problems and that’s something that I can’t fix.”
Copyright 2023 WAVE via Gray Media Group, Inc. All rights reserved.
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Country music star Craig Morgan had decided to step away from the military after more than 17 years of service, including nearly a decade on active duty.
But fans in the historic halls of the Grand Ole Opry on Saturday night were in for an unprecedented surprise, when Morgan, 59, was sworn in as a warrant officer with the U.S. Army Reserves, becoming the first person to commission at the home of country music — Nashville, Tennessee.
“I feel like an 18-year-old kid, I can tell you,” Morgan said in an interview with NBC News ahead of the ceremony. “I’m excited, nervous. But humbled. I’m humbled for the opportunity.”
For more on this story, go to NBC News.
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Jury poised to deliberate death penalty or life sentence for gunman in Pittsburgh synagogue massacre
PITTSBURGH (AP) — A jury is set to deliberate whether to impose the death penalty or a sentence of life in prison without parole on a man who spewed antisemitic hate before fatally shooting 11 worshippers at a synagogue in the heart of Pittsburgh’s Jewish community.
The same jurors who convicted 50-year-old Robert Bowers in June on 63 criminal counts listened to closing arguments Monday in the penalty phase of his federal trial, held nearly five years after the truck driver from suburban Baldwin perpetrated the deadliest attack on Jews in U.S. history.
Bowers defiled a place of worship when he entered the Tree of Life synagogue on Oct. 27, 2018, and opened fire with an AR-15 rifle, shooting everyone he could find in a mass murder clearly motivated by religious hatred, said U.S. Attorney Eric Olshan.
Bowers raved incessantly on social media about his hatred of Jewish people — using a slur for Jewish people some 400 times on a social media platform favored by the far right — and remains proud that he killed Jews, the prosecutor reminded jurors,
“Do not be numb to it. Remember what it means. This defendant targeted people solely because of the faith that they chose,” Olshan said.
He added: “This is a case that calls for the most severe punishment under the law: the death penalty.”
Bowers’ lead defense attorney, Judy Clarke, acknowledged the horror of his crimes but urged jurors to opt for a life sentence.
“What has happened cannot be undone. We can’t rewind the clock and make it that this senseless crime never happened. All we can do is make the right decision going forward. We are asking you to make the right decision, and that is life,” Clarke said in her closing argument.
A life sentence would mean that “prison is where Mr. Bowers will die in obscurity, not as a hero and not as a martyr,” she said.
Bowers’ attorneys have argued that he has schizophrenia, a serious brain disorder whose symptoms include delusions and hallucinations, and that Bowers attacked the synagogue out of a delusional belief that Jews were helping to bring about a genocide of white people by coming to the aid of refugees and immigrants. Clarke recounted Bowers’ history of psychiatric hospitalizations, including an extended stay in a residential juvenile mental health program.
The defense also presented evidence of Bowers’ difficult childhood.
Olshan disputed the defense experts’ diagnosis of schizophrenia, asserting that Bowers was not suffering psychosis but had chosen to believe white supremacist rhetoric. And while acknowledging that Bowers was a depressed, neglected child, Olshan downplayed the significance of it, noting that Bowers had held jobs, paid bills, and was an otherwise functioning adult.
“He was not a child, he was a grown man. He was responsible for his actions, not his family and things that happened decades earlier. He was, he is responsible for his actions,” Olshan said.
In order to impose death, jurors must find that aggravating circumstances, which make the crime especially heinous, outweigh mitigating factors that could be seen as diminishing his culpability. Those aggravating circumstances could include the vulnerability of Bowers’ elderly and disabled victims and his targeting of Jewish people.
Olshan played a composite of 911 calls made from inside the synagogue, including audio of people being shot and a survivor’s horrified screams.
He said Bowers had taken “11 people, 11 full lives, 11 people who loved their families, 11 people who loved their friends, 11 people who were loved. ... How do you measure the impact of all of that loss?”
The prosecutor spoke about 75-year-old Joyce Fienberg’s care for her family and 65-year-old Richard Gottfried’s devotion to his faith. He said Dr. Jerry Rabinowitz, 66, had the ethos of a country doctor: “He loved delivering babies but he never delivered judgment.” David Rosenthal, 54, and Cecil Rosenthal, 59, intellectually disabled brothers, “loved life,” Olshan said. “But maybe more than anything, they loved Tree of Life.”
The other deceased victims were Rose Mallinger, 97; Bernice Simon, 84, and her husband, Sylvan Simon, 86; Dan Stein, 71; Melvin Wax, 87; and Irving Younger, 69.
The attack also wounded seven people, including five responding police officers. Bowers was shot three times before surrendering when he ran out of ammunition.
___
Rubinkam reported from northeastern Pennsylvania.
Copyright 2023 The Associated Press. All rights reserved.
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| 2023-07-31T20:38:05
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Kentucky lawmakers discuss how to implement AI for government use
FRANKFORT, Ky. (WKYT) - It seems like everyone is talking about artificial intelligence recently, with programs like ChatGPT and Midjourney becoming more popular every day.
Monday, leaders in Frankfort heard from experts on the ways local governments can implement A.I.
The committee heard from members of Gartner, a government consulting firm with a focus on utilizing technology.
“One of the most compelling and complex and creative and concerning subjects before us now is artificial intelligence, or AI,” said Bob Babbage, with Babbage Cofounder, a consulting firm.
The meeting focused on teaching members about A.I. and its ability to expedite daily government tasks, such as handling calls with voters.
“To take a tool like generative A.I., to take some of the pressure off to do it right, to do it well, and to take the pressure off of the teams, that’s a huge use case,” said Alicia Schollaert, client executive for the Americas Public Sector at Gartner.
However, some questions about generative A.I. for government use remain, like who is responsible when it’s wrong?
“You’re a government. You’re an authority. And particularly if you’re using ChatGPT, it will give one answer. If it’s wrong, how’s that blowblack?” said Ben Kaner, senior director analyst with Gartner.
Whether or not the committee decides the further explore using generative A.I. in daily tasks, there was an emphasis on the need to gradually phase it in for the use of constituents and policymakers alike.
“My trepidation and fear is that as it does evolve, that it will become self-learning. That it would develop a personality. And please don’t laugh on the committee, but I watched Mission Impossible last week, and AI took over the nuclear codes,” said Rep. Ryan Dotson, R-Winchester.
Copyright 2023 WKYT. All rights reserved.
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| 2023-07-31T20:38:08
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Within the Mattel toy universe, there's Barbie, there's "just Ken" ... and there are the dolls you completely forgot existed until seeing Greta Gerwig's "Barbie" movie.
"Barbie" features a few such of Mattel's most legendary flops, including Earring Magic Ken, Growing Up Skipper and Sugar Daddy Ken (it's a long story, which we'll get to below).
As narrator Helen Mirren said in the movie, some of these doll concepts were "just too weird." Indeed, viewers can spot several discontinued dolls living in Weird Barbie's house, a veritable Island of Misfit Toys.
From a pregnant doll to a dog named Sugar, here are some of Mattel's most infamous discontinued dolls.
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'Happy Family' Midge
As Barbie (Margot Robbie) takes viewers on a tour through Barbie Land, one doll's appearance sticks out. Midge, played by Emerald Fennell, sports a huge baby bump as she eagerly waves to Robbie's stereotypical Barbie. The character is played for laughs, but casual "Barbie" fans may not know Midge's long, controversial history in the Barbieverse.
Entertainment News
Margaret "Midge" Hadley Sherwood was created in 1963 as Barbie's plain-Jane best friend. Far less glamorous than Barbie, Midge was intended to represent a more average, accessible American girl.
For most of her existence, Midge led a quiet, unremarkable life with her beau Allan Sherwood, whose packaging described him simply as "Ken's Buddy." The plastic pair married in 1990, and enjoyed a brief moment in the spotlight with a "Wedding Party" set released the same year.
Midge and Allan's marriage opened up new avenues for the dolls, such as parenthood. Mattel released the "Happy Family" set in 2002, featuring a pregnant Midge with infant accessories and a "3-in-1 crib, table, and cradle," according to the box. "With this gift set, girls have everything they need to play out the arrival of a new baby," the box read.
Perhaps taking the "Happy Family" concept just a step too far, Midge had a detachable, magnetized pregnant belly that could fit her accompanying plastic infant.
Midge's delicate condition sparked immediate backlash. Many real-life parents worried that Midge would promote teen pregnancy, or even single motherhood — Allan and the couple's other child, Ryan, were sold separately from Midge.
According to the Associated Press, Wal-Mart pulled pregnant Midge from shelves by December 2002 due to the controversy.
Mattel has never returned Midge or her baby to the doll lineup.
Allan
Allan, Midge's husband, has been similarly wiped from the records: The doll disappeared just two years after his release in 1964, reappearing only in the 90's. Played by Michael Cera in "Barbie," Allan has a much larger role in the film than he ever did in real life.
Though many versions of Ken have been created over the years, there has only ever been one Allan. His main claim to fame remains that he shares clothes with Ken.
Earring Magic Ken
As seen in "Barbie," Ken frequently takes a back seat to Barbie. The movie's tagline says it all: "She's everything. He's just Ken."
For a brief, shining moment in the early 1990s, though, one Ken doll emerged as an accidental superstar.
"Earring Magic Ken," who debuted in 1993, was Mattel's attempt to jazz up Ken's squeaky-clean image, allegedly in response to girls requesting a "cooler" version of the character.
The doll sported bleach blond hair, a see-through purple mesh top, a lavender pleather vest, a rather unusual necklace, and of course, a single earring.
Reviewers were quick to point out that Ken’s outfit bore a resemblance to rave wear popular among gay men at the time.
“Ever since Mattel introduced Earring Magic Ken a few weeks ago, people have been wondering whether there’s something more in the Dream House closet than a few Bob Mackie originals and some two-inch-wide hangers,” journalist Frank DeCaro wrote in Newsday.
In the 90s, wearing a single earring was perceived as a way for gay men to secretly communicate their sexuality to each other. While Ken's earring was not on the right ear, which was the usual piercing location for signaling, Earring Magic Ken nonetheless evoked the practice.
It certainly didn't help that Earring Magic Ken's necklace, which had a large silver ring as the pendant, bore more than a passing resemblance to a sex toy.
In his now-infamous 1993 piece "Ken Comes Out," columnist Dan Savage speculated about Earring Magic Ken's sexuality and interrogated a Mattel representative about whether the company was aware of the doll's connotations.
“Absolutely not,” Lisa McKendall, a Mattel representative at the time, told Savage. “It’s a necklace. It holds charms he can share with Barbie. C’mon, this is a doll designed for little girls, something like that would be entirely inappropriate.”
Nonetheless, Earring Magic Ken became a coveted item for toy collectors who were amused by Ken's accidental foray into camp. On shelves for only six weeks, it became the best-selling Ken doll in Mattel history.
Played by Tom Stourton, Earring Magic Ken made a brief appearance in "Barbie" alongside another notorious Ken doll. Hint: his name is synonymous with "fructose father."
Palm Beach Sugar Daddy Ken
While Mattel might have pled ignorance about Earring Magic Ken, it would be difficult to contend that Mattel created a doll called "Sugar Daddy Ken" with zero knowledge of the term's implications. The doll was endorsed, satirically, by the website Seeking Arrangement, which facilitates "mutually beneficial relationships," the website says.
Palm Beach Sugar Daddy Ken debuted in 2005 as part of Barbie's 50th-anniversary collection. He was dressed in a lime green damask blazer and crisp white pants, and he came with a dog named Sugar.
Thus, Mattel argued, he was called Sugar Daddy Ken because he was Sugar's ... owner?
“He’s Sugar’s daddy, as a reference to the dog,” a Mattel spokesperson told New York Post in 2009.
The doll was part of the adult Barbie Collector Line and not targeted at children.
Sugar Daddy Ken, played in the film by Rob Brydon, also made an appearance in Weird Barbie's house alongside his plausibly deniable pooch.
Growing up Skipper
If you thought pregnant Midge was the apex of weird Barbie anatomy, "Growing Up Skipper" blows that plastic baby out of the water.
Skipper, for background, is Barbie's little sister. The first Skipper doll was released in 1964. Created as an 8-year-old character, Skipper had a notably more youthful, cherubic appearance than big sister Barbie.
Mattel decided that even plastic is not immune to the ravages of puberty. In 1975, the company released "Growing Up Skipper," a technological marvel of a doll that grew taller — and grew breasts — when users twisted her left arm. Rotating her arm backwards reversed the changes.
Growing Up Skipper's packaging described her transformation as going from a “cute, little girl” to a “tall, curvy teenager.” The commercial called it "two dolls in one."
Despite controversy, Mattel created another version of the doll concept called "Growing Up Ginger" in 1976.
The company eventually discontinued the "Growing Up" dolls in 1977, but Skipper continued to develop in subsequent versions of the doll. "Super Teen Skipper," created in 1979, retained the doll's aged-up appearance. "Hot Stuff Skipper" doll was released in 1985.
Growing Up Skipper, played by Hannah Khalique-Brown, makes a brief appearance in "Barbie" in which she demonstrates her shapeshifting capabilities to a horrified Gloria (America Ferrara) and Sasha (Ariana Greenblatt).
Video Girl Barbie
To round out the lineup of discontinued and disgraced dolls, we have Video Girl Barbie, who has the unique distinction of being the subject of a warning from the FBI.
Video Girl Barbie was a 2010 doll that featured a tiny front camera capable of recording up to 30 minutes of footage and a small video screen on her back.
The toy was ostensibly aimed towards "budding filmmakers," but it found its way onto the FBI's radar.
The FBI sent out a memo alerting law enforcement to the toy's potential for child abuse — namely child pornography — due to its hidden camera feature.
Though the FBI asserted that no such incident had yet occurred with the doll, the alert was quickly picked up by media.
“The alert’s intent was to ensure law enforcement agencies were aware that the doll, like any other video-capable equipment, could contain evidence and to not disregard such an item during a search,” the FBI explained in a statement.
Mattel also put out a statement clarifying the purpose of the announcement.
"The FBI is not reporting that anything has happened," the company said. "Steve Dupre from the FBI Sacramento field office has confirmed there have been no incidents of this doll being used as anything other than as intended. Mattel products are designed with children and their best interests in mind. Many of Mattel’s employees are parents themselves and we understand the importance of child safety — it is our number one priority."
The doll was discontinued in 2012, per Mattel.
Video Girl Barbie appears in the film along with the other discarded dolls in Weird Barbie's house.
She complains about her design to Gloria and Sasha.
"I have a TV on my back," she said. "You know who’s dream this is? Nobody. It’s nobody’s dream."
This story first appeared on TODAY.com. More from TODAY
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What to Know
- A man dancing at a gas station in Brooklyn was stabbed to death after a dispute broke out between two groups Saturday night -- and a 17-year-old is now being sought in connection to the shocking death of dancer O’Shea Sibley.
- Law enforcement sources have identified the suspect as a teen who remains at large.
- Those who knew Sibley as a talented dancer and certainly a friend, have no doubt that his murder was a hate crime.
A man dancing at a gas station in Brooklyn was stabbed to death after a dispute broke out between two groups Saturday night -- and a 17-year-old is now being sought in connection to the shocking death of dancer O’Shea Sibley.
Law enforcement sources have identified the suspect as a teen who remains at large.
Those who knew Sibley as a talented dancer and certainly a friend, have no doubt that his murder was a hate crime.
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Twenty-eight-year-old Sibley belonged to several dance troupes in the area. He was killed in a gas station on Coney Island Avenue in Midwood following a dispute over him dancing at the pump. At one point, an attendant from the gas station tried to intervene. Witnesses say a back and forth followed after Sibley, who worked with several troupes, started voguing at the style of many LGBTQ ballrooms. As all of this escalated, Sibley was stabbed in the chest, and pronounced dead at a local hospital.
Law enforcement forces say the suspect fled the scene in a black SUV. NBC 4 New York spoke to a neighbor who knew Sibley on Monday morning. The neighbor, who is also a member of the LGBTQ+ community, said he was worried about the 28-year-old’s safety.
"I texted him that morning to tell him wanted to talk to him to tell him to tell his friends to be careful, you know, because you have to be careful how you present yourself," Beckenbaur Hamilton said. "They don’t live in the they don’t live in the neighborhood we live in, it’s a very homophobic neighborhood and they were out here dancing.
News
"There is no progress. Progress? Yes. But we here don't see it. We have to live stifled," Hamilton continued. "We live here in a community where we have to pretend to be somebody else."
The investigation is ongoing.
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| 2023-07-31T20:38:09
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A big-rig crashed, caught fire and spilled 40,000 pounds of chocolate on Interstate 80 in Placer County, according to Cal Fire.
The crash, first reported by KCRA, occurred just before 4:30 a.m. on westbound I-80 in Colfax, Cal Fire said.
According to reports, the trailer caught fire and became separated from the tractor before crashing.
No injuries were reported, and the fire was contained to the truck's trailer.
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| 2023-07-31T20:38:09
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ATLANTA, July 31, 2023 /PRNewswire/ -- The Aaron's Company, Inc. (NYSE: AAN) today released its second quarter 2023 financial results. Complete financial results are available at investor.aarons.com. Highlights of those results are included below and in the attached supplement.
Second Quarter 2023 Consolidated Results1:
- Revenues were $530.4 million, a decrease of 13.1%
- Net earnings were $6.5 million, an increase of 222.0%; Non-GAAP net earnings2 were $12.2 million, a decrease of 50.6%
- Adjusted EBITDA2,3 was $42.4 million, a decrease of 17.0%
- Diluted EPS was $0.21; Non-GAAP diluted EPS2 was $0.39
- Write-offs were 5.4% in the Aaron's Business, an improvement of 30 basis points
- Reduced debt $36.1 million in the quarter and $124.3 million since the prior year quarter-end
- Updates 2023 full year outlook; lowers revenues, maintains adjusted EBITDA, and increases adjusted free cash flow
Second Quarter 2023 Key Items:
The Aaron's Company
- Earnings were ahead of internal expectations largely due to ongoing expense controls, despite lower revenues in both business segments
- Ended the quarter with cash and cash equivalents of $38.4 million and debt of $186.1 million, resulting in a net debt2 reduction of $30.2 million in the quarter primarily due to strong cash provided by operating activities
Aaron's Business
- Earnings before income taxes were $30.8 million; adjusted EBITDA was $49.5 million, which exceeded internal expectations and increased 3.0% as compared to the prior year quarter primarily due to lower total operating expenses and lower write-offs
- Personnel and other operating expenses benefited from cost optimization initiatives and ongoing investments in technology platforms and marketing analytics
- Ended the quarter with 230 GenNext stores, 101 hubs, and 101 showrooms
- GenNext stores accounted for approximately 29% of lease revenues & fees and retail sales
- E-commerce revenues increased 5.5% as compared to the prior year quarter and represented 17.9% of lease revenues
BrandsMart
- Earnings before income taxes were $1.1 million; adjusted EBITDA was $4.5 million, which exceeded internal expectations despite lower revenues due to continued pressure on customer demand
- Began construction on first new BrandsMart store planned to open in Augusta, GA in Q4 2023
The Company will host an earnings conference call tomorrow, August 1, 2023, at 8:30 a.m. ET. Chief Executive Officer Douglas A. Lindsay will host the call along with President Steve Olsen and Chief Financial Officer C. Kelly Wall. A live audio webcast of the conference call and presentation slides may be accessed at investor.aarons.com and the hosting website at https://events.q4inc.com/attendee/457512107. A transcript of the webcast will also be available at investor.aarons.com.
About The Aaron's Company, Inc.
Headquartered in Atlanta, The Aaron's Company, Inc. (NYSE: AAN) is a leading, technology-enabled, omnichannel provider of lease-to-own and retail purchase solutions of appliances, electronics, furniture, and other home goods across its brands: Aaron's, BrandsMart U.S.A., BrandsMart Leasing, and Woodhaven. Aaron's offers a direct-to-consumer lease-to-own solution through its approximately 1,260 Company-operated and franchised stores in 47 states and Canada, as well as its e-commerce platform. BrandsMart U.S.A. is one of the leading appliance retailers in the country with ten retail stores in Florida and Georgia, as well as its e-commerce platform. BrandsMart Leasing offers lease-to-own solutions to customers of BrandsMart U.S.A. Woodhaven is the Company's furniture manufacturing division. For more information, visit investor.aarons.com, aarons.com, and brandsmartusa.com.
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THOUSAND OAKS, Calif., July 31, 2023 /PRNewswire/ -- Amgen (NASDAQ:AMGN) today announced that it will report its second quarter financial results on Thursday, August 3, 2023, after the close of the U.S. financial markets. The announcement will be followed by a conference call with the investment community at 1:30 p.m. PT. Participating in the call from Amgen will be Robert A. Bradway, chairman and chief executive officer, and other members of Amgen's senior management team.
Live audio of the conference call will be simultaneously broadcast over the internet and will be available to members of the news media, investors and the general public.
The webcast, as with other selected presentations regarding developments in Amgen's business given by management at certain investor and medical conferences, can be found on Amgen's website, www.amgen.com, under Investors. Information regarding presentation times, webcast availability and webcast links are noted on Amgen's Investor Relations Events Calendar. The webcast will be archived and available for replay for at least 90 days after the event.
About Amgen
Amgen is committed to unlocking the potential of biology for patients suffering from serious illnesses by discovering, developing, manufacturing and delivering innovative human therapeutics. This approach begins by using tools like advanced human genetics to unravel the complexities of disease and understand the fundamentals of human biology.
Amgen focuses on areas of high unmet medical need and leverages its expertise to strive for solutions that improve health outcomes and dramatically improve people's lives. A biotechnology pioneer since 1980, Amgen has grown to be one of the world's leading independent biotechnology companies, has reached millions of patients around the world and is developing a pipeline of medicines with breakaway potential.
Amgen is one of the 30 companies that comprise the Dow Jones Industrial Average and is also part of the Nasdaq-100 index. In 2022, Amgen was named one of the "World's Best Employers" by Forbes and one of "America's 100 Most Sustainable Companies" by Barron's.
For more information, visit Amgen.com and follow us on Twitter, LinkedIn, Instagram, TikTok and YouTube.
CONTACT: Amgen, Thousand Oaks
Jessica Akopyan, 805-440-5721 (media)
Elissa Snook, 609-251-1407 (media)
Arvind Sood, 805-447-1060 (investors)
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Companies combine expertise to deliver innovative technology solutions for arenas, stadiums, convention and exhibition centers, and performing arts venues
TUCSON, Ariz., July 31, 2023 /PRNewswire/ -- Simpleview and ASM Global are pleased to announce a partnership created to provide a unified network of websites and technology solutions for the ASM Global portfolio of venues. The partnership was strategically designed to develop cohesive branding powered by a best-in-class technology stack and ticketing integrations that promote visitors and drive web conversions for arenas, stadiums, convention and exhibition centers, and performing arts venues.
Simpleview, a leading provider of CRM, CMS, and marketing solutions for destinations worldwide, and ASM Global, the world's leading venue management and services company, will serve the meetings and events ecosystem; by leveraging Simpleview's advanced technology and ASM Global's extensive global network, this partnership will enable clients to create captivating digital experiences that drive engagement and ticket sales and enhance venue marketing efforts.
Highlights of the partnership include:
- Enhanced Website Capabilities: a new generation of website solutions with state-of-the-art features and functionalities equipped with user-friendly content management systems, robust event and ticketing integrations, interactive mapping tools, and seamless integration with social media platforms
- Personalized Experiences: clients can deliver tailored content and offers to individual users, ensuring a highly personalized and engaging journey for every visitor
- Mobile-Optimized Design: prioritization of mobile optimization, ensuring that websites are fully accessible across all screen sizes and platforms
- Data-Driven Insights: comprehensive analytics and reporting gain insights into visitor behavior, marketing performance, and conversion rates so venues can make informed decisions and optimize marketing strategies effectively
"ASM Global is thrilled to work in partnership with Simpleview to create a cohesive, best-in-class website solution for our diverse global portfolio of stadiums, arenas, theaters, and convention centers," said Alex Merchán, chief marketing officer at ASM Global. "From the start of this relationship, Simpleview has impressed us with its tech stack, service offering, data-driven approach, and talented team. We look forward to building and scaling this partnership in the years ahead."
About Simpleview
Simpleview is a worldwide leading provider of CRM, CMS, website design, digital marketing services, and data insights for convention bureaus, venues, tourism boards, destination marketing organizations (DMOs), and attractions. The company employs staff across the globe, serving clients of all sizes, including small towns, world capitals, top meeting destinations, and countries across multiple continents.
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BALTIMORE, July 31, 2023 /PRNewswire/ -- T. Rowe Price Group, Inc. (NASDAQ-GS: TROW) announced today that its Board of Directors has declared a quarterly dividend of $1.22 per share payable September 28, 2023, to stockholders of record as of the close of business on September 15, 2023.
ABOUT T. ROWE PRICE
Founded in 1937, T. Rowe Price (NASDAQ: TROW) helps people around the world achieve their long-term investment goals. As a large global asset management company known for investment excellence, retirement leadership, and independent proprietary research, the firm is built on a culture of integrity that puts client interests first. Investors rely on the award-winning firm for its retirement expertise and active management approach of equity, fixed income, alternatives, and multi-asset investment capabilities. T. Rowe Price manages $1.40 trillion in assets under management as of June 30, 2023, and serves millions of clients globally. News and other updates can be found on Facebook, Instagram, LinkedIn, Twitter, YouTube, and troweprice.com/newsroom.
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A body was found Monday morning in a drum that washed up on a beach in Malibu, according to the Los Angeles County Sheriff's Department.
The 55-gallon drum was found around 10:30 a.m. in the 23200 block of Pacific Coast Highway by a person who reported the discovery to the sheriff's department. The person opened the drum and found a body inside, the sheriff's department said.
Details about a cause of death were not immediately available.
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https://www.nbcnewyork.com/news/national-international/body-found-inside-drum-that-washed-up-on-malibu-beach/4551860/
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RYE BROOK, N.Y., July 31, 2023 /PRNewswire/ -- Belle Haven Investments is proud to be Certified™ by Great Place To Work® for the second year in a row. The prestigious award is based entirely on what current employees say about their experience working at Belle Haven Investments. This year, 93% of employees said it's a great place To Work – 36 points higher than the average U.S. company.
Great Place To Work® is the global authority on workplace culture, employee experience, and the leadership behaviors proven to deliver market-leading revenue, employee retention and increased innovation.
"Great Place To Work Certification is a highly coveted achievement that requires consistent and intentional dedication to the overall employee experience," says Sarah Lewis-Kulin, the Vice President of Global Recognition at Great Place To Work. She emphasizes that Certification is the sole official recognition earned by the real-time feedback of employees regarding their company culture. "By successfully earning this recognition, it is evident that Belle Haven Investments stands out as one of the top companies to work for, providing a great workplace environment for its employees."
Matt Dalton, CEO & CIO, expressed his excitement emphasizing "We owe the Firm's continued success to our dedicated and awesome employees. We celebrate and thank them for all they do to earn this incredible recognition."
About Belle Haven Investments
Belle Haven Investments is an independent, employee-owned asset manager that focuses exclusively on fixed income. They prioritize service, reliability, and customization, nurturing long-term partnerships with their clients. Their core values - trust and communication - permeate both external client relationships and internal team dynamics. The autonomy given to employees fosters trust, driving them to deliver their best work daily. To learn more, visit: https://www.bellehaven.com/
About Great Place to Work Certification™
Great Place To Work® Certification™ is the most definitive "employer-of-choice" recognition that companies aspire to achieve. It is the only recognition based entirely on what employees report about their workplace experience – specifically, how consistently they experience a high-trust workplace. Great Place to Work Certification is recognized worldwide by employees and employers alike and is the global benchmark for identifying and recognizing outstanding employee experience. Every year, more than 10,000 companies across 60 countries apply to get Great Place To Work-Certified.
Contact:
Nicole Robbins
robbinsn@bellehaven.com
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Ford is working on a mid-cycle update for its current F-150, and it will be unveiled in September at the 2023 Detroit auto show.
The information was revealed by Ford CEO Jim Farley last week during a press conference for the company’s second quarter earnings results, according to Automotive News (subscription required).
The updated F-150 will likely arrive as a 2024 model. The current F-150 arrived for 2021, and the update will likely be the only notable improvements until the arrival of a next-generation model, likely for the 2027 model year.
Prototypes for the updated F-150 have been spotted. Camouflage gear on the test vehicles points to new designs for the lights at both ends, a revised grille, and possibly a multi-function tailgate. A revised dash with a portrait-oriented infotainment screen is also thought to be coming.
Updated versions of the F-150 Raptor and F-150 Raptor R should also be coming, though timing for the high-performance variants isn’t clear.
Ford may also place more focus on the hybrid F-150 this time around. Speaking during the conference, Farley said Ford has been “surprised” by the popularity of the hybrid F-150. He said more than 10% of F-150 buyers opt for the powertrain, which pairs a twin-turbocharged 3.5-liter V-6 with a single electric motor for a combined 430 hp.
The updated F-150 is thought to be one of six debuts planned by the Detroit 3 automakers for this year’s Detroit auto show. Organizers have said double the number of brands will participate compared to last year.
The show runs Sept. 13-24 and will include new attractions, including a track dedicated to electric vehicles and other outdoor events. The bulk of the action will still take place at Detroit’s Huntington Place (previously the TCF Center; before that, Cobo), which has held the show since 1965.
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- 2024 Chevrolet Blazer EV starts shipping, $60,215 RS AWD model arrives first
- Test drive: GMC Hummer EV resets peak pickup truck bar
- Review: 2024 Ford Mustang EcoBoost distills the pony-car essence
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CHARLOTTE, N.C., July 31, 2023 /PRNewswire/ -- Ten Oaks Group, a recognized family office and standout in the corporate carve out sector, proudly announces the addition of four exceptional professionals to its esteemed team of Operating Partners. The recent hiring of James Deng, Greg Warren, David Izquierdo, and Lauren Celano underscores Ten Oaks Group's commitment to bringing accomplished talent with diverse capabilities and amplifying its capacity for turnaround, legal, and international investment exceptionalism.
James Deng assumes the position of Operating Partner at Ten Oaks Group. Prior to joining, he was a Vice President at Audax Private Equity supporting value creation initiatives. James has also served as Director of Revenue Growth Management at Keurig Dr Pepper and a management consultant at Ernst & Young focused on Corporate and Growth Strategy.
Greg Warren brings a wealth of legal and restructuring knowledge as he joins as Assistant General Counsel and Operating Partner. Greg previously was a member of White & Case LLP's financial restructuring and insolvency practice, representing debtors and creditors both in and out of bankruptcy. Greg has experience in operational, corporate, and financial matters, as well as litigation and acquisitions.
David Izquierdo joins as an Operating Partner focused on Ten Oaks Group's European portfolio companies. Prior to Ten Oaks, David focused on designing and implementing strategic and transformation programs across a wide variety of industries in roles in corporate development at Selenis and management consulting at Monitor Deloitte and PwC.
Lastly, Lauren Celano joins the team as Associate Operating Partner, leveraging her vast experience from the healthcare and pharmaceutical industries, where she also led business development efforts. Additionally, she has experience at Alvarez & Marsal and other private equity and venture capital firms.
"At Ten Oaks Group, we believe that attracting top-notch talent is essential for leading value creation efforts for our portfolio," said Kendall Thurlow, head of value creation at Ten Oaks Group. "Lauren, James, David, and Greg embody the caliber of professionals we seek to bring on board, and we are excited to welcome them as valuable members of our team of Operating Partners."
Ten Oaks Group is committed to cultivating a dynamic and growth-oriented environment for its practitioners. With a commitment to fostering private equity careers, the company offers comprehensive opportunities for professional development and advancement.
To learn more about the background and expertise of the newly hired Operating Partners and explore potential career opportunities with Ten Oaks Group, visit www.tenoaksgroup.com.
About Ten Oaks Group:
Ten Oaks Group is a family office focused exclusively on investing in corporate divestitures. It brings speed, flexibility and certainty to divestitures of non-core businesses that no longer fit their parent company's corporate strategy. Following acquisition, Ten Oaks Group leverages its experienced team of Operating Partners to manage the transition and separation process and implement operational strategies that reveal and optimize the underlying potential of each business.
Each company within Ten Oaks Group operates independently under its own dedicated management team and receives management support services from Ten Oaks Management, LLC. Ten Oaks Group was founded by Matt Magan and Mike Hahn and has closed 25 carve-out transactions across 10 countries since inception.
To learn more about Ten Oaks Group's unique approach to corporate divestitures, please visit www.tenoaksgroup.com.
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A bear threw its own summer pool party in the backyard of a Burbank home during last week's heat wave.
Police responded on an extremely warm Friday afternoon to a bear sighting 1300 block of Paseo Redondo in the neighborhood above the San Fernando Valley. Officers found the bear relaxing in the corner of a Jacuzzi, one arm resting casually at times on the edge, in the backyard of the hillside home.
After a dip, the bear climbed over a wall and up a tree.
"Burbank PD is monitoring the situation with the assistance of the Burbank Animal Shelter, and California Department of Fish and Wildlife," police tweeted with a video of the bear.
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The neighborhood is southeast of the Country Club Drive area, where residents have reported frequent bear sightings. The residential area bumps up against Angeles National Forest, one of many in the urbanized natural landscape of Southern California, and is flanked by the 210 and 5 freeways.
Black bears, which can have different color coats, like to feed on plants, insects, nuts, berries and whatever else they think of as edible -- such as the contents of trash bins. If food is scarce in their natural habitat, bears are likely to forage elsewhere, bringing them into Southern California foothill neighborhoods.
U.S. & World
California's black bear population has been on the rise over the last two decades, growing from an estimated 10,000 to 15,000 in the early 1980s to between 25,000 and 30,000 -- and that's a conservative estimate, according to the state department of fish and wildlife.
Black bears, recognized by their small, narrow heads and small ears, have coats that range in color from tan or brown to black. Females grow up to about 200 pounds and males can be a hefty 350 pounds with some giants weighing in at more than 600 pounds
About half of the state's bear population can be found in the Sierra Nevada Mountains and areas to the north and west. Only an estimated 10 percent of the black bear population inhabits central western and southwestern California.
Although its on the state flag, the fearsome grizzly bear no longer can be found in the California wild. The last grizzly bear observed in California was shot in the early 1920s.
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- VOXZOGO® Growth Continued in the Second Quarter Driven by Global Demand Resulting in Increased Full Year 2023 Guidance
- Pivotal Program with VOXZOGO in New, Potential Second Indication, Hypochondroplasia, to Begin in the Fourth Quarter of 2023
- U.S. Approval of ROCTAVIAN™ Received in the Second Quarter and Commercial Launch Underway; Commercial Launch in Europe Making Progress
SAN RAFAEL, Calif., July 31, 2023 /PRNewswire/ -- BioMarin Pharmaceutical Inc. (NASDAQ: BMRN) today announced financial results for the six months and second quarter ended June 30, 2023.
"Outstanding execution across our business led to record revenues in the first half of 2023. We reached more children with VOXZOGO around the world, as physicians and families sought treatment with the only approved medicine targeting the genetic cause of achondroplasia," said Jean-Jacques Bienaimé, Chairman and Chief Executive Officer of BioMarin. "We were also very pleased to have received the highly anticipated U.S. approval of ROCTAVIAN, the only gene therapy treatment for severe hemophilia A. U.S. commercial launch activities are well underway following the June 29 approval, in parallel with launch progress across a number of European countries."
Mr. Bienaimé added, "for the remainder of 2023, we plan to build on the foundation of growth and profitability achieved in the first half of the year, expand VOXZOGO globally and treat the first ROCTAVIAN patients in the U.S. and Europe."
Financial Highlights:
- Total Revenues for the second quarter of 2023 were $595.3 million, an increase of 12% compared to the same period in 2022. The increase in Total Revenues was primarily attributed to the following:
- GAAP and Non-GAAP Net Income increased by $28.3 million and $28.4 million, respectively, for the second quarter of 2023 compared to the same period in 2022. The increased net income was primarily due to higher gross profit and interest income, partially offset by higher spend in research and development programs to support both early-stage research and clinical activities, as well as higher selling, general and administrative expenses due to higher foreign currency losses and to support the commercial launches of VOXZOGO and ROCTAVIAN.
Recent Product Approvals and Launches (ROCTAVIAN and VOXZOGO)
- On June 29, 2023 the FDA approved ROCTAVIAN gene therapy for the treatment of adults with severe hemophilia A (congenital factor VIII (FVIII) deficiency with FVIII activity < 1 IU/dL) without antibodies to adeno-associated virus serotype 5 (AAV5) detected by an FDA-approved test. The FDA approval is based on data from the global Phase 3 GENEr8-1 study, the largest Phase 3 trial of any gene therapy in hemophilia. The one-time, single-dose infusion is the first approved gene therapy for severe hemophilia A in the U.S. ROCTAVIAN was first conditionally approved by the European Commission in August 2022.
Following FDA approval, the Company activated its U.S.-based salesforce and communicated that ROCTAVIAN is expected to be available for commercial use in August. BioMarin estimates that there are approximately 2,500 people living with severe hemophilia A in the United States who are eligible for treatment and receiving care at approximately 140 hemophilia treatment centers. - In Europe, BioMarin continues to make progress on the pricing and reimbursement process for ROCTAVIAN in Germany, France and Italy to facilitate access. BioMarin is working directly with the German National Association of Statuary Health Insurance Funds (GKV) to finalize access to ROCTAVIAN. At present, people in Germany with severe hemophilia A, who are eligible for treatment with ROCTAVIAN, can access treatment through either Named Patient authorizations or previously secured Outcomes Based Agreements. In France and Italy, BioMarin is working directly with the single public insurance funds in each country to secure reimbursement and access to ROCTAVIAN, expected later in 2023.
- As of the end of June 2023, more than 2,000 children with achondroplasia were being treated with VOXZOGO across 36 active markets. In the second quarter, patient growth remained strong worldwide. Based on these trends, today BioMarin updated full-year 2023 VOXZOGO guidance to between $400 million and $440 million. VOXZOGO is currently approved for the treatment of children 2 years old and older in Europe, for children 5 years old and older in the U.S., and approved for all ages from birth in Japan.
VOXZOGO and ROCTAVIAN Market Expansion Opportunities
- Today, BioMarin announced its plan to begin enrollment in the pivotal program with VOXZOGO for the treatment of children with hypochondroplasia, a condition characterized by impaired bone growth. Hypochondroplasia is a genetic statural condition caused by a mutation (gene change) in the fibroblast growth factor receptor-3 (FGFR3) gene.
Leveraging years of safety data from the VOXZOGO development program in achondroplasia, emerging data from an investigator-led Phase 2 study and following receipt of feedback from FDA, BioMarin plans to begin the 6-month observation arm of the study later this year, followed by the 52-week randomized, double-blind, placebo-controlled phase of the 80-participant clinical trial. If successful, BioMarin believes this study will be able to support regulatory approval in this large indication. - In the coming months in the U.S. and Europe, the Company expects to learn the outcome of its request to expand VOXZOGO access to younger age groups, based on favorable results from a Phase 2 study in infants and young children and the importance of starting treatment as early as feasible. Age expansions would provide access to treatment with VOXZOGO to more than 1,000 additional children in the U.S. and Europe.
- Additional product expansion opportunities with ROCTAVIAN continue, including a clinical study investigating ROCTAVIAN treatment in those with active or prior inhibitors and continued exploration of methods of administering ROCTAVIAN in people with pre-existing antibodies against AAV5.
Earlier-stage Development Portfolio (BMN 255, BMN 331, BMN 351, BMN 349, BMN 293)
- BioMarin plans to showcase its Research and Development capabilities and earlier-stage product candidate updates at its R&D Day on September 12, 2023. Details on accessing the live event will be available on BioMarin's website in early September.
- BMN 255 for hyperoxaluria in chronic liver disease: The Company has concluded the multi-ascending dose study with BMN 255 in healthy human volunteers. Based on early data demonstrating a rapid and potent increase in plasma glycolate following treatment with BMN 255, BioMarin plans to open enrollment in an expanded study in patients with chronic liver disease and hyperoxaluria in the second half of 2023. The Company believes the availability of a potent, orally bioavailable, small molecule like BMN 255 may be able to significantly reduce disease and treatment burden in a patient population with significant unmet need.
- BMN 331 gene therapy product candidate for Hereditary Angioedema (HAE): Dosing continues in the Phase 1/2 HAERMONY study to evaluate BMN 331, an investigational AAV5-mediated gene therapy for people living with HAE. In January 2023, BioMarin shared that the first participant treated with the 6e13vg/kg dose demonstrated C1-Inhibitor levels that were approaching the therapeutically relevant range. In March 2023, the second sentinel participant was safely dosed at 6e13vg/kg and this individual has had a similar initial response. BioMarin will continue to monitor the trajectory of expression in these two individuals before deciding on next steps in this program.
- BMN 351 for Duchenne Muscular Dystrophy (DMD): Investigational New Drug application (IND)-enabling activities continue with BMN 351, an antisense oligonucleotide therapy for individuals with exon 51-skip-amenable DMD. BMN 351 was developed using familiar chemistry and superior biology, by targeting a novel, splice enhancer site demonstrating improved binding affinity and tolerability in preclinical models. Preclinical data suggest that restored expression of near-full-length dystrophin protein at levels of up to 40% will convert phenotypes from rapid loss to durable preservation of strength and ambulation.
- BMN 349 for alpha-1 antitrypsin deficiency: Preclinical studies have demonstrated that BMN 349 is an orally bioavailable, small molecule that preferentially sequesters mutant protein, preventing polymerization in liver cells that drive the progressive liver disease form of the illness. In preclinical studies BMN 349 is titratable to effect, with rapid onset and high potency. Preclinical results have strong implications for potential improvement of current management, particularly for severe liver disease requiring rapid action. IND enabling studies are concluding and BioMarin plans to submit the IND in the second half of 2023.
- BMN 293 for MYBPC3 hypertrophic cardiomyopathy (HCM): Mutations in the MYBPC3 gene are the most common cause of inherited HCM. Early investigations suggest that gene therapy-mediated gene transfer can lead to widespread expression of the gene product, cardiac myosin-binding protein C (MyBP-C), in cardiac tissue, which can normalize cardiac hypertrophy, improve relaxation kinetics and potentially alleviate functional deficits in individuals suffering from cardiomyopathy. IND enabling studies are underway and have incorporated pre-IND feedback from the FDA. BioMarin's goal is to submit an IND for BMN 293 in the second half of 2023.
2023 Full-Year Financial Guidance (in millions, except % and EPS amounts) (Updated)
BioMarin will host a conference call and webcast to discuss second quarter 2023 financial results today, Monday, July 31, 2023, at 4:30 p.m. ET. This event can be accessed through this link or on the investor section of the BioMarin website at www.biomarin.com.
About BioMarin
Founded in 1997, BioMarin is a global biotechnology company dedicated to transforming lives through genetic discovery. The Company develops and commercializes targeted therapies that address the root cause of genetic conditions. BioMarin's robust research and development capabilities have resulted in multiple innovative commercial therapies for patients with rare genetic disorders. The Company's distinctive approach to drug discovery has produced a diverse pipeline of commercial, clinical, and pre-clinical candidates that address a significant unmet medical need, have well-understood biology, and provide an opportunity to be first-to-market or offer a substantial benefit over existing treatment options. For additional information, please visit www.biomarin.com.
Forward-Looking Statements
This press release and the associated conference call and webcast contain forward-looking statements about the business prospects of BioMarin Pharmaceutical Inc. (BioMarin), including, without limitation, statements about: the expectations of Total Revenues, Net Product Revenues, Enzyme Product Revenues, Gross Profit, Research and Development Expense (R&D), Selling, General and Administrative Expense (SG&A), GAAP Net Income, Non-GAAP Income, GAAP Diluted EPS and Non-GAAP Diluted EPS for the full-year 2023; cash flows from operating activities; the timing of orders for commercial products; the timing of BioMarin's clinical development and commercial prospects, including announcements of data from clinical studies and trials; the clinical development and commercialization of BioMarin's product candidates and commercial products, including (i) the potential to leverage VOXZOGO in conditions beyond achondroplasia, such as hypochondroplasia, (ii) the results from clinical studies regarding product expansion opportunities for ROCTAVIAN, (iii) BioMarin's plans to initiate and enroll an expanded study of BMN 255 in the second half of 2023, (iv) BioMarin's plan to submit an IND for BMN 349 in the second half of 2023, and (v) BioMarin's goal to submit an IND for BMN 293 in the second half of 2023; the potential approval and commercialization of BioMarin's product candidates, including commercialization of ROCTAVIAN for the treatment of severe hemophilia A in the U.S. following FDA approval in June 2023, and the timing of such approval decisions and product launches, including (i) the anticipated start and growth of commercial sales of VOXZOGO in additional countries, and (ii) BioMarin's expectation that U.S. and EU health authorities take action on its supplemental marketing applications for VOXZOGO in the coming months and the number of additional children that will be eligible for VOXZOGO if such age expansions are accepted; the expected benefits and availability of BioMarin's product candidates; and potential growth opportunities and trends, including that BioMarin expects accelerated growth of VOXZOGO revenues as the product launch continues in future quarters and that BioMarin expects growth of ROCTAVIAN revenues as the product's access is expanded in Europe and following commercial launch in the U.S.
These forward-looking statements are predictions and involve risks and uncertainties such that actual results may differ materially from these statements. These risks and uncertainties include, among others: BioMarin's success in the commercialization of its commercial products, impacts of macroeconomic and other external factors on BioMarin's operations; results and timing of current and planned preclinical studies and clinical trials and the release of data from those trials; BioMarin's ability to successfully manufacture its commercial products and product candidates; the content and timing of decisions by the FDA, the European Commission and other regulatory authorities concerning each of the described products and product candidates; the market for each of these products; actual sales of BioMarin's commercial products; the introduction of generic versions of BioMarin's commercial products, in particular generic versions of KUVAN; and those factors detailed in BioMarin's filings with the Securities and Exchange Commission (SEC), including, without limitation, the factors contained under the caption "Risk Factors" in BioMarin's Quarterly Report on Form 10-Q for the quarter ended March 31, 2023 as such factors may be updated by any subsequent reports. Stockholders are urged not to place undue reliance on forward-looking statements, which speak only as of the date hereof. BioMarin is under no obligation, and expressly disclaims any obligation to update or alter any forward-looking statement, whether as a result of new information, future events or otherwise.
BioMarin®, BRINEURA®, KUVAN®, NAGLAZYME®, PALYNZIQ®, VIMIZIM® and VOXZOGO® are registered trademarks of BioMarin Pharmaceutical Inc., or its affiliates. ROCTAVIANTM is a trademark of BioMarin Pharmaceutical Inc. ALDURAZYME® is a registered trademark of BioMarin/Genzyme LLC. All other brand names and service marks, trademarks and other trade names appearing in this release are the property of their respective owners.
Non-GAAP Information
The results presented in this press release include both GAAP information and Non-GAAP information. Non-GAAP Income is defined by the Company as GAAP Net Income excluding amortization expense, stock-based compensation expense, contingent consideration expense, and, in certain periods, certain other specified items, as detailed below when applicable. The Company also includes a Non-GAAP adjustment for the estimated tax impact of the reconciling items. Non-GAAP Diluted EPS is defined by the Company as Non-GAAP Income divided by Non-GAAP diluted shares outstanding
BioMarin regularly uses both GAAP and Non-GAAP results and expectations internally to assess its financial operating performance and evaluate key business decisions related to its principal business activities: the discovery, development, manufacture, marketing and sale of innovative biologic therapies. Because Non-GAAP Income, Non-GAAP Diluted EPS and Non-GAAP Diluted Shares are important internal measurements for BioMarin, the Company believes that providing this information in conjunction with BioMarin's GAAP information enhances investors' and analysts' ability to meaningfully compare the Company's results from period to period and to its forward-looking guidance, and to identify operating trends in the Company's principal business. BioMarin also uses Non-GAAP Income internally to understand, manage and evaluate its business and to make operating decisions, and compensation of executives is based in part on this measure.
Non-GAAP Income and its components are not meant to be considered in isolation or as a substitute for, or superior to comparable GAAP measures and should be read in conjunction with the consolidated financial information prepared in accordance with GAAP. Investors should note that the Non-GAAP information is not prepared under any comprehensive set of accounting rules or principles and does not reflect all of the amounts associated with the Company's results of operations as determined in accordance with GAAP. Investors should also note that these Non-GAAP financial measures have no standardized meaning prescribed by GAAP and, therefore, have limits in their usefulness to investors. In addition, from time to time in the future there may be other items that the Company may exclude for purposes of its Non-GAAP financial measures; likewise, the Company may in the future cease to exclude items that it has historically excluded for purposes of its Non-GAAP financial measures. Because of the non-standardized definitions, the Non-GAAP financial measure as used by BioMarin in this press release and the accompanying tables may be calculated differently from, and therefore may not be directly comparable to, similarly titled measures used by other companies.
The following tables present the reconciliation of GAAP reported to Non-GAAP adjusted financial information:
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Audi will equip its upcoming Q6 E-Tron with lights whose pattern changes depending on the situation or wishes of the owner, the automaker announced on Monday.
The electric compact crossover, which has been plagued by software development issues that have held back its launch by more than a year, will feature Audi’s second-generation OLEDs for the headlights and taillights, a technology the automaker said will enable the lights to act as intelligent displays that can communicate information to onlookers.
An example is what Audi refers to as a communication light that will feature in the taillights of the Q6 E-Tron. It will be able to warn other road users of accidents or breakdowns using cloud-based traffic information and the display of specific light signatures. It’s similar to a system Audi already launched in the headlights of the A8 flagship sedan in 2022.
Audi said the communication light could also be used to notify other road users for emergency assist, an imminent rear-end collision, emergency or roadside assistance calls, and more. Another application could be to warn approaching vehicles or cyclists that a door is about to be opened.
Another situation is using a specific light signature for when the Q6 E-Tron’s automated park assist feature is in operation. Of course, there is no accepted meaning for different light signatures, so the information the lights impart would be up to the interpretation of the onlookers.
Audi said Q6 E-Tron owners will also be able to change the light signatures for the daytime running lights for both the headlights and taillights. Owners will be able to install this feature on demand via the infotainment system or Audi app. Audi will offer multiple patterns to choose from, including some that feature an additional coming or leaving home sequence.
The lighting functions are controlled by a software module developed jointly by Audi and Volkswagen Group’s Cariad software development division.
The Q6 E-Tron is being developed alongside a related electric Porsche Macan. The Q6 E-Tron is set to debut later this year while the electric Macan will arrive in early 2024. Both models will use VW Group’s PPE platform for high-volume premium electric vehicles.
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| 2023-07-31T20:38:36
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SoftwareReviews' latest Data Quadrant report highlights the top-rated CRM software solutions in the current market that are successfully harnessing the technological trends.
TORONTO, July 31, 2023 /PRNewswire/ - SoftwareReviews, a leading source for insights on the software provider landscape, has revealed its new 2023 Customer Relationship Management (CRM) Data Quadrant Report, which highlights the top ten CRM solutions in the enterprise, midmarket, and small business spaces for the year.
In an era defined by digital transformation, organizations are strategically adapting to fortify their customer relationships, as corroborated by the recent 2023 Data Quadrant report from SoftwareReviews. The report and its list of Customer Relationship Management (CRM) software points to the substantial expansion of the CRM industry as organizations strive to consolidate their customer experiences across various sectors, such as sales, marketing, and customer service.
"As digital technology and transformation further embed themselves into our personal and professional lives, our expectations for quality customer experience increase," says Robert Fayle, research advisory lead at Info-Tech Research Group. "With the advent of generative AI and other AI and machine learning technologies, customers now demand a personalized experience. To meet these demands, organizations need to procure CRM platforms that enable personal interactions and that are also heavily investing in the adoption of these new technologies."
Although CRM adoption has its challenges, including the need for organizational cultural shifts, extensive employee training, and stringent data privacy measures, the potential benefits are substantial. From improved customer service to streamlined marketing efforts and increased sales, well-executed CRM systems can be transformative.
The integration of artificial intelligence (AI) is introducing a new dimension to CRM systems, automating routine tasks, predicting customer behaviors, and identifying potential sales leads. As the CRM industry continues to evolve rapidly, driven by technological advancements and the rising relevance of mobile and social CRM platforms, it underscores the importance of overcoming implementation challenges to fully harness the power of CRM in the digital economy.
The 2023 Enterprise Customer Relationship Management Software Gold Medalists are as follows:
- Zoho CRM, 8.6 CS, ranked high for ease of customization.
- Oracle PeopleSoft CRM, 8.4 CS, ranked high for business value creation.
The 2023 Midmarket Customer Relationship Management Software Gold Medalists are as follows:
- NetSuite CRM, 8.9 CS, ranked high for lead management.
- ActiveCampaign, 8.8 CS, ranked high for quality of features.
- Salesforce Sales Cloud Professional, 8.6 CS, ranked high for its breadth of features.
- Agile CRM, 8.6 CS, ranked high for ease of implementation.
- Sage CRM, 8.6 CS, ranked high for sales management.
The 2023 Small Business Customer Relationship Management Software Gold Medalists are as follows:
- ConvergeHub, 9.0 CS, ranked high for lead management.
- Less Annoying CRM, 8.9 CS, ranked high for usability and intuitiveness.
- Pipeliner CRM, 8.8, ranked high for ease of data integration.
Cloud-based CRM systems now offer the flexibility of remote access and management, while advanced analytics tools empower organizations to derive actionable insights from the overwhelming influx of customer data. Concurrently, mobile and social CRM platforms are gaining prominence as essential tools for successful customer engagement. As the digital landscape evolves, these innovative platforms will continue to redefine customer interaction and shape the future of customer relationship management.
The full report is now accessible on the firm's website, which is updated in real time to reflect new reviews and ratings.
User assessments of software categories on SoftwareReviews provide an accurate and detailed view of the constantly changing market. SoftwareReviews' reports are informed by data from users and IT professionals who have intimate experience with the software throughout the procurement, implementation, and maintenance processes.
For more information about SoftwareReviews, the Emotional Footprint, or the Data Quadrant, or to access resources to support the software selection process, visit softwarereviews.com
SoftwareReviews empowers organizations with the best data, insights, and advice to improve the software buying and selling experience.
For buyers, SoftwareReviews' proven software selection methodologies, customer insights, and technology advisors help maximize success with technology decisions. For providers, the firm helps build more effective marketing, product, and sales processes with expert analysts, how-to research, customer-centric marketing content, and comprehensive analysis of the buyer landscape.
SoftwareReviews is a division of Info-Tech Research Group, a world-class information technology research and advisory firm.
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https://www.kbtx.com/prnewswire/2023/07/31/top-2023-crm-vendors-embracing-ai-redefining-customer-experience-according-softwarereviews-users/
| 2023-07-31T20:38:36
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A man who was a Princeton University student when the FBI arrested him on charges related to the U.S. Capitol riot pleaded guilty on Monday to joining a mob's attack on police officers during one of the most violent clashes on Jan. 6, 2021.
Larry Fife Giberson was on the front lines when rioters attacked police officers in a tunnel on the Capitol's Lower West Terrace. Giberson, 22, of Manahawkin, New Jersey, waved other rioters into the tunnel and then joined in a coordinated push against officers guarding an entrance to the building, according to a court filing.
Giberson tried in vain to start a chant of “Drag them out!” and then cheered on rioters using weapons and pepper spray against police in the tunnel, according to an FBI’s agent affidavit. Giberson remained in the area for roughly an hour, the affidavit says.
Giberson pleaded guilty to a felony charge of interfering with police during a civil disorder, court records show. U.S. District Judge Carl Nichols is scheduled to sentence him on Nov. 1. The judge allowed him to remain free until his sentencing.
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Giberson was enrolled at Princeton as an undergraduate when he was arrested in March on riot-related charges. On Monday, a university spokesperson declined to answer questions about Giberson’s enrollment status.
Capitol Riot
Charles Burnham, an attorney for Giberson, didn't immediately respond to emails and a telephone call seeking comment.
Giberson was wearing a “Make America Great Again” hat and a Trump flag around his neck when he joined the Jan. 6 attack, which disrupted the joint session of Congress for certifying President Joe Biden's electoral victory over Donald Trump.
The FBI posted images of Giberson on social media to seek the public’s help in identifying him. Online sleuths also posted images of Giberson using the “#DragThemOut” hashtag moniker.
Investigators matched photos of Giberson from the Capitol to several images found on Instagram and Princeton University’s website, according to the FBI.
Approximately 1,100 people have been charged with federal crimes related to the Capitol riot. More than 600 of them have pleaded guilty. Over 100 others have been convicted by judges or juries after trials in Washington, D.C.
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Imagine stepping on stage with your favorite artist in VR from your browser. Discover secret rooms, join live Q&As with other fans, shop for merch, and more. Connect with your audience like never before.
NEW YORK, July 31, 2023 /PRNewswire/ -- BR Marketing Group, a leading luxury brand marketing agency in NYC, is excited to offer its new Web Virtual Reality (WebVR) service to clients worldwide. With this service, clients can create memorable marketing experiences in WebVR. WebVR is a technology that allows users to enjoy virtual reality from their browsers, without any extra hardware or software.
BR Marketing Group has a team of creative experts who design and promote WebVR experiences that capture the unique essence of each brand. Whether it's a concert, a store, a gallery, or more BR Marketing Group can bring it to life in WebVR.
"Our service stands out because we embrace the future. We know how innovative technologies like WebVR can transform the customer experience," said Andrea Canas, CEO of BR Marketing Group.
- Drake, global superstar, has recently taken his concerts and online store to the next level by adding immersive technology for an interactive virtual experience. He is not alone. Luxury brands and artists are following suit.
- Revenue in the VR Advertising market is projected to reach US$161.70m in 2023, revenue is expected to show an annual growth rate (CAGR 2023-2027) of 2.33%, resulting in a projected market volume of US$177.30m by 2027, according to a recent study.
WebVR is still a new and fast-growing tech, able to give immersive, interactive, awe-inspiring experiences. WebVR also connects with IRL events, enabling users to explore real-world objects, locations, and people through VR.
To get more info on WebVR or work with BR Marketing Group for your next virtual or IRL event, visit us at brmarketgroup.com or call 332-600-4466.
About BR Marketing Group
As one of the first creative agencies to offer WebVR immersive services, BR Marketing Group combines its web development, design, and marketing skills to create amazing VR events that connect the virtual and physical worlds.
BR Marketing Group is a leading luxury brand marketing agency in NYC, led by Andrea Cañas, a visionary Latina leader. She and her team of creative experts' craft captivating and unforgettable marketing experiences that bring out the unique essence of each brand they work with.
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https://www.wkyt.com/prnewswire/2023/07/31/br-marketing-group-launches-webvr-immersive-service-new-way-boost-brand-loyalty-engagement/
| 2023-07-31T20:38:38
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Ford announced a recall of the 2021-2023 Ford F-150 pickup truck for an unexpected engagement of the electric parking brake while driving, the NHTSA disclosed Monday.
The recall encompasses 870,701 trucks with a single exhaust system. Redesigned in 2021, most of this generation’s F-150 models have a single exhaust system from the factory, with dual pipes limited to special appearance packages and performance models such as the Tremor and Raptor.
The issue arises from bad wiring on the electric parking brake. Over time, the rear axle wiring harness bundle can rub against the rear axle housing, causing the tape and circuit insulation to degrade and expose the wiring. If this happens, the electric parking brake can be activated while driving, causing an apparent loss of power as well as an unintended braking event. This increases the risk of a crash.
Ford says drivers may be alerted to the problem via a parking brake warning light and message in the instrument cluster. Ford acknowledged 918 warranty claims in North America, with 299 instances of unintended activation and 19 instances of the parking brake activating while driving. No known injuries or crashes were reported by Ford.
Owners will be notified by mail by Sept. 15, and will be asked to have their F-150s inspected by a Ford or Lincoln service center. If there’s damage, the wiring harness will be replaced. If there’s no apparent damage, Ford will add some tape and a tie strap to the harness. There will be no charge to owners. Reimbursement will be provided for owners who have already had the repairs down, and that reimbursement period will be open for a year, ending on Sept. 11, 2024.
This is the 16th recall for the 2021 F-150. Other notable issues include a problem with the windshield wipers and a potential fractured driveshaft. A refreshed 2024 Ford F-150 is planned to debut at the Detroit auto show in mid-September.
For more info, contact Ford customer service at 1-866-436-7332 or visit Ford’s recall site here.
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- Ford expands recall of Escape, Maverick, Corsair hybrids for engine failure
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| 2023-07-31T20:38:42
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Anchor Brewing, the oldest craft brewing company in the nation, officially closed Sunday. But some workers say they are not giving up on the efforts to buy Anchor and reopen the doors.
The company raised itself from the rubble after the 1906 earthquake and survived the great depression, prohibition and two world wars.
People from across the Bay Area made their way to Anchor Brewing and its neighboring public taproom Sunday for a final chance to buy some Anchor Steam beer and Anchor Brewing merch.
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“Anchor Steam. Christmas ale is one of my favorites. I got one of their taps,” said San Francisco resident Mark DiGiorgio.
Anchor’s owner Sapporo Breweries announced on July 12 that it’s turning over all of Anchor’s assets to a liquidator and closing by Aug. 1.
A group of employees expressed interest in buying the company, but their union rep said Sapporo won’t share financial records, so they can make an educated bid.
“A lot of us feel like we’re getting shut out because they didn’t take us seriously,” Anchor Brewing employee union rep. Patrick Machel.
A company spokesman told NBC Bay Area by phone Sunday that the employee bid came too late and a deal was already struck to liquidate everything, from the brand name and recipes to the equipment and buildings.
He said the workers will have the same opportunities to bid on all of the assets as other bidders. but only through the liquidator.
“We’re weighing our options on what that’s actually going to look like. But Ideally, we would like to keep public taps and the brewery itself,” Machel said.
Machel added the workers have hired a legal team and have funding sources and they have the same fighting spirit that helped anchor brewing survive more than a century of hardships.
They also have a lot of customers in their corner who want to see the San Francisco staple to live on and brew another day.
“I hope the employees get a chance to match any offer that Sapporo is going to get from any outside bidders. It’s only fair,” DiGiorgio said.
“Hopefully someone buys them,” said South Bay resident Jonathan Pan.
Anchor Brewing released the following statement on Sunday:
"Anchor Brewing Co. is being fair and equal in its treatment of all parties interested in purchasing its assets.
We welcomed the union employees offer to participate in the liquidation process.
We have made it clear since we announced the closure of the brewery on July 12 that its assets would be turned over to an Assignee for the Benefit of Creditors (liquidator) at the start of August.
The employees can bid for the assets as part of the liquidation of the business. Once the liquidator is in place the union and other interested parties can gain access after signing a non-disclosure agreement to business information to inform their bids for Anchor Brewing Co. either in whole or in part.
The brewery has no flexibility to extend its operations for another month. The business is unfortunately out of money and out of time.
Anchor remains hopeful that of the many bidders who have expressed interest in buying all or some of Anchor’s assets that one of them will keep the company going for future generations.
It was a tremendously sad and difficult decision to cease operations for a brewery and company whose history dates back to the Gold Rush. The decision, however, of what happens next to Anchor will be in the hands of the ABC/liquidator."
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| 2023-07-31T20:38:43
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MESA, Ariz., July 31, 2023 /PRNewswire/ -- Verra Mobility Corporation (NASDAQ: VRRM), a leading provider of smart mobility technology solutions, announced today that it will report financial results for the second quarter ended June 30, 2023, after market close on August 9, 2023.
Verra Mobility's Chief Executive Officer, David Roberts, and Chief Financial Officer, Craig Conti, will host a conference call and live webcast to discuss financial results for investors and analysts at 5:00 p.m. ET on August 9, 2023.
To access the conference call, dial 1-888-886-7786 (U.S. toll-free) or 1-416-764-8658 (International) with conference ID 11014275 or click on the following link and request a return call: callme.viavid.com. A live webcast will be available on the Company's Investor Relations website at ir.verramobility.com.
An audio replay of the call will also be available until 11:59 p.m. ET on August 23, 2023, by dialing 1-844-512-2921 (U.S. toll-free), or 1-412-317-6671 (International) and entering passcode 11014275.
In addition, an archived webcast will be available in the "News & Events" section of Verra Mobility's Investor Relations website at ir.verramobility.com.
About Verra Mobility
Verra Mobility Corporation (NASDAQ: VRRM) is a leading provider of smart mobility technology solutions that make transportation safer, smarter and more connected. The company sits at the center of the mobility ecosystem, bringing together vehicles, hardware, software, data and people to enable safe, efficient solutions for customers globally. Verra Mobility's transportation safety systems and parking management solutions protect lives, improve urban and motorway mobility and support healthier communities. The company also solves complex payment, utilization and compliance challenges for fleet owners and rental car companies. Headquartered in Arizona, Verra Mobility operates in North America, Europe, Asia and Australia. For more information, please visit www.verramobility.com.
Forward Looking Statements
This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements include, but are not limited to, statements about Verra Mobility's plans, objectives, expectations, beliefs and intentions and other statements including words such as "hope," "anticipate," "may," "believe," "expect," "intend," "will," "should," "plan," "estimate," "predict," "continue" and "potential" or the negative of these terms or other comparable terminology. The forward-looking statements herein represent the judgment of the Verra Mobility, as of the date of this release, and Verra Mobility disclaims any intent or obligation to update forward-looking statements. Forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those currently anticipated. This press release should be read in conjunction with the information included in Verra Mobility's other press releases, reports and other filings with the SEC and on the SEC website, www.sec.gov. Understanding the information contained in these filings is important in order to fully understand Verra Mobility's reported financial results and our business outlook for future periods. Actual results may differ materially from the results anticipated in the forward-looking statements and the assumptions and estimates used as a basis for the forward-looking statements.
Additional Information
We periodically provide information for investors on our corporate website, www.verramobility.com, and our investor relations website, ir.verramobility.com. We intend to use our website as a means of disclosing material non-public information and for complying with disclosure obligations under Regulation FD. Accordingly, investors should monitor our website, in addition to following the Company's press releases, SEC filings and public conference calls and webcasts.
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Total new annualized premiums up 11%; strong capital position
CARMEL, Ind., July 31, 2023 /PRNewswire/ -- CNO Financial Group, Inc. (NYSE: CNO) today reported net income of $73.7 million, or $0.64 per diluted share, in 2Q23 compared to $233.3 million, or $1.99 per diluted share, in 2Q22. Net operating income (1) was $62.3 million, or $0.54 per diluted share, in 2Q23 compared to $135.1 million, or $1.15 per diluted share, in 2Q22.
"Production was strong in both our Consumer and Worksite Divisions, with notable sales increases in Life, Medicare Supplement and Supplemental Health, driven by continued growth in producing agent counts," said Gary C. Bhojwani, chief executive officer.
"Variable investment income results improved sequentially, yet reflect a tough comparable in the second quarter of 2022 when results reached a five-year high. Health claims impacted our results in the quarter. We expect this elevated claims experience to moderate in the second half of the year, based on leading indicators. Our long-term view of the Health business remains positive."
"New money rates were once again strong in the quarter at 6.34%, which drove continued improvement in the earned yield on investments allocated to insurance products. Our consolidated risk based capital (RBC) ratio of 386% was comfortably above our target as was our holding company liquidity of $176 million. Free cash flow generation in the quarter was robust."
Second Quarter 2023 Highlights (as compared to the corresponding period in the prior year where applicable)
- Total Health insurance new annualized premiums ("NAP") (4) up 15%; total Life insurance NAP up 8%
- Medicare Supplement NAP up 29%; Consumer Division field agent-sold Life insurance NAP up 20%
- Consumer Division field producing agent count up 8%; Worksite Division producing agent count up 32%
- Returned $47.4 million to shareholders
- Book value per share was $17.56; book value per diluted share, excluding accumulated other comprehensive loss,(2) was $32.34
- Return on equity ("ROE") of 14.8%; operating ROE, as adjusted,(6) of 8.0%
Adoption of New Accounting Standard
As previously disclosed, we adopted ASU 2018-12 related to targeted improvements to the accounting for long-duration insurance contracts effective January 1, 2023. We selected the modified retrospective transition method except for market risk benefits where we were required to use the full retrospective approach. All prior periods presented herein have been recast in accordance with the new standard. As a result of the adoption of the new guidance, shareholders' equity as of December 31, 2022, increased $368.0 million and was comprised of increases to retained earnings and accumulated other comprehensive income (loss) of $232.2 million and $135.8 million, respectively. Net income and operating earnings (1) for the second quarter of 2022 increased $97.2 million and $35.0 million, respectively. Concurrent with the adoption of the new guidance, we also updated the method of determining non-operating earnings for our fixed indexed annuities to better isolate the volatile non-economic accounting impacts of that line of business.
INSURANCE OPERATIONS
Annuity products accounted for 26 percent of the Company's margin for the quarter and annuity premiums collected decreased 8 percent in 2Q23 compared to 2Q22.
Health products accounted for 48 percent of the Company's insurance margin for the quarter and 63 percent of insurance policy income.
Life products accounted for 26 percent of the Company's insurance margin for the quarter and 36 percent of insurance policy income.
Sales of health products were up 15 percent and sales of life products were up 8 percent in 2Q23 compared to 2Q22.
Total allocated expenses were $149.5 million, down 2 percent from 2Q22.
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The fair value of CNO's available for sale fixed maturity portfolio was $21.0 billion compared with an amortized cost of $23.6 billion. Net unrealized losses were comprised of gross unrealized gains of $106.1 million and gross unrealized losses of $2,710.8 million. The allowance for credit losses was $66.1 million at June 30, 2023.
At both amortized cost and fair value, 94 percent of fixed maturities, available for sale, were rated "investment grade".
Non-Operating Items
Net investment losses in 2Q23 were $31.3 million including the unfavorable change in the allowance for credit losses of $9.9 million which was recorded in earnings. Net investment losses in 2Q22 were $27.1 million including the unfavorable change in the allowance for credit losses of $23.7 million which was recorded in earnings.
During 2Q23 and 2Q22, we recognized a decrease in earnings of $4.0 million and $21.7 million, respectively, due to the net change in market value of investments recognized in earnings.
During 2Q23 and 2Q22, we recognized an increase in earnings of $50.4 million and $160.6 million, respectively, resulting from changes in the estimated fair value of embedded derivative liabilities and market risk benefits related to our fixed indexed annuities. Such amounts include the impacts of changes in market interest rates and equity impacts used to determine the estimated fair values of the embedded derivatives and market risk benefits.
In 2Q22, other non-operating items included an increase in earnings of $14.0 million for the mark-to-market change in the agent deferred compensation plan liability which was impacted by changes in the underlying actuarial assumptions used to value the liability. We recognize the mark-to-market change in the estimated value of this liability through earnings as assumptions change.
Statutory (based on non-GAAP measures) and GAAP Capital Information
Our consolidated statutory risk-based capital ratio was estimated at 386% at June 30, 2023, reflecting estimated 2Q23 statutory operating income of $37 million (and $76 million in the first six months of 2023) and the payment of insurance company dividends (net of capital contributions) to the holding company of $40.5 million during 2Q23 (and $74.7 million in the first six months of 2023).
During 2Q23, we repurchased $30.0 million of common stock under our securities repurchase program (including $0.9 million of repurchases settled in 3Q23). We repurchased 1.4 million common shares at an average cost of $22.28 per share. As of June 30, 2023, we had 113.7 million shares outstanding and had authority to repurchase up to an additional $641.8 million of our common stock. During 2Q23, dividends paid on common stock totaled $17.4 million.
Unrestricted cash and investments held by our holding company were $176 million at June 30, 2023, compared to $167 million at December 31, 2022.
Book value per common share was $17.56 at June 30, 2023 compared to $15.47 at December 31, 2022. Book value per diluted share, excluding accumulated other comprehensive income (loss) (2), was $32.34 at June 30, 2023, compared to $31.89 at December 31, 2022.
The debt-to-capital ratio was 36.3 percent and 39.2 percent at June 30, 2023 and December 31, 2022, respectively. Our debt-to-total capital ratio, excluding accumulated other comprehensive income (loss) (3) was 23.4 percent at both June 30, 2023 and December 31, 2022.
Return on equity for the trailing four quarters ended June 30, 2023 and 2022, was 14.8% and 20.9%, respectively. Operating return, excluding significant items, on equity, excluding accumulated other comprehensive income (loss) and net operating loss carryforwards (6) for the trailing four quarters ended June 30, 2023 and 2022, was 8.0% and 12.7%, respectively.
In this news release, CNO includes non-GAAP measures to enhance investors' understanding of management's view of the business. The non-GAAP measures are not a substitute for GAAP, but rather a supplement to increase transparency by providing broader perspective. CNO's definitions of non-GAAP measures may differ from other companies' definitions. More detailed information including various GAAP and non-GAAP measurements are located at CNOinc.com in the Investors section under SEC Filings.
CAUTION REGARDING FORWARD-LOOKING STATEMENTS:
This press release may contain forward-looking statements within the meaning of federal securities laws. These prospective statements reflect management's current expectations, but are not guarantees of future performance. Accordingly, please refer to CNO's cautionary statement regarding forward-looking statements, and the business environment in which the Company operates, contained in the Company's Form 10-K for the year ended December 31, 2022 and any subsequent Form 10-Q or Form 10-K on file with the Securities and Exchange Commission and on the Company's website at CNOinc.com in the Investors section. CNO specifically disclaims any obligation to update or revise any forward-looking statement because of new information, future developments or otherwise.
EARNINGS RELEASE CONFERENCE CALL WEBCAST:
The Company will host a conference call to discuss results on August 1, 2023 at 11:00 a.m. Eastern Time. During the call, we will be referring to a presentation that will be available at the Investors section of the company's website.
To participate by dial-in, please register at https://www.netroadshow.com/events/login?show=5ac4628b&confId=53584. Upon registering, you will be provided with call details and a registrant ID used to track attendance on the conference call. Reminders will also be sent to registered participants via email.
For those investors who prefer to listen to the call online, we will be broadcasting the call live via webcast. The event can be accessed through the Investors section of the company's website: ir.CNOinc.com. Participants should go to the website at least 15 minutes before the event to register and download any necessary audio software.
ABOUT CNO FINANCIAL GROUP
CNO Financial Group, Inc. (NYSE: CNO) secures the future of middle-income America. CNO provides life and health insurance, annuities, financial services, and workforce benefits solutions through our family of brands, including Bankers Life, Colonial Penn, Optavise and Washington National. Our customers work hard to save for the future, and we help protect their health, income and retirement needs with 3.2 million policies and $34 billion in total assets. Our 3,400 associates, 4,600 exclusive agents and 4,000 independent partner agents guide individuals, families and businesses through a lifetime of financial decisions. For more information, visit CNOinc.com.
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Mazda on Friday afternoon revealed that its MX-30 lineup will not be returning for U.S. sales after the 2023 model year.
For longtime Mazda fans, that piece of news also means that Mazda’s Wankel rotary engine won’t be coming back to America anytime soon.
The MX-30 EV arrived for first deliveries in late 2021, and with its 100-mile EPA range rating it’s been one of the lowest-driving-range EVs available in the U.S. market.
The single-motor, front-wheel-drive MX-30 was always intended to be just part of the lineup, though. Since the model’s 2021 introduction, Mazda teased an upcoming range-extended version enabled by a Wankel rotary engine—a Mazda signature—on board as a range extender.
That version, called the Mazda MX-30 e-Skyactiv R-EV, is on closer scrutiny a model that may be hard for American drivers to comprehend, let alone see advantages to in either by-the-numbers operating expenses or in sheer driving enjoyment. It features a smaller 17.8-kwh battery pack enabling a range that might likely land near 40 miles EPA (53 miles on the significantly more generous WLTP cycle). Its little 0.83-liter, single-rotor engine makes 73 hp and its only task is to drive a generator. Despite a boost at the drive motor of about 25 hp, a gain of more than 250 pounds doesn’t make it much quicker than the EV, and both dash to 60 mph in the nine-second range.
It’s unclear what kind of fuel economy the R-EV might have been able to deliver after running through a charge in American-style freeway driving, but rotary engines were never stellar for cruising efficiency, and neither is the series-hybrid layout.
In a statement, Mazda North American Operations emphasized that plug-in hybrids rather than EVs are in its immediate future for America. And it essentially cuts off any hope of the R-EV arriving in the U.S.
“Our current U.S. electrification efforts are focused on large platform PHEVs, such as the first-ever 2024 CX-90 PHEV and upcoming CX-70 PHEV, as well as introducing CX-50 Hybrid into our lineup to address the specific needs of the U.S. market,” it stated.
Mazda rotary nostalgia? Not for now, America
That said, Mazda reported that “mass production” of the R-EV had started, and the model appears to still be bound for Europe and the U.K., with deliveries due in the fall.
As a Mazda executive told Green Car Reports several years ago, before the project itself had been revealed, the automaker had pushed for the idea of a rotary range extender partly because of Americans’ nostalgia over the brand’s rotary-powered sports cars like the RX-7 and RX-8. America may have inspired the product but it appears to lose out in actually getting the product.
In a review of the Mazda MX-30 EV published earlier this year, we found this short-range EV to offer up a bewildering mix of limited compliance-car availability, compromised performance, slow road-trip charging, and an underwhelming exterior design contrasting with unique cabin appointments that felt as if Mazda were pulling out all the stops.
MX-30 EV has been exotic-car rare
The MX-30 has been a very slow-seller, which Mazda has only officially made available in California. Mazda delivered just 520 MX-30s for the 2022 model year, split between late calendar-year 2021 and the earlier part of 2022. Then with the 2022s gone, a 2023 Mazda MX-30 EV returned with only a slight price increase.
The 2023 model year may be the one for the collectors, as it’s looking rarer than some supercars. Mazda sold just 66 MX-30 EVs in the U.S. in the first half of 2023 (through June), and we’ve no reason to believe that the pace picked up appreciably in July.
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The MLB trade deadline madness got started days in advance.
Max Scherzer, Jordan Hicks, Lucas Giolito, Randal Grichuk, C.J. Cron, Jordan Montgomery, David Robertson, Lance Lynn and Kendall Graveman are among the names who have already changed teams. And the movement of players hasn't been the only notable action in the leadup to the deadline, either.
The Los Angeles Angels took AL MVP favorite Shohei Ohtani off the market, while the St. Louis Cardinals revealed Nolan Arenado was staying put. Meanwhile, teams that looked like potential sellers a couple of weeks ago, like the Boston Red Sox, Chicago Cubs and San Diego Padres, may have played their way into being buyers.
So, what other big names could we see moved? With the trade deadline fast approaching, here's everything you need to know:
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When is the MLB trade deadline for 2023?
The 2023 trade deadline falls on Tuesday, Aug. 1.
What time is the 2023 MLB trade deadline?
The deadline is set for 6 p.m. ET/3 p.m. PT.
Can trades still happen after the MLB trade deadline?
Once the deadline passes, teams are not allowed to make any more trades.
List of MLB trade deadline deals so far
Here's an updated look at the trades that have happened in the week leading up to the deadline (trade details via MLB.com):
- Rays reportedly acquire RHP Aaron Civale from Guardians for 1B Kyle Manzardo
- Angels acquire 1B C.J. Cron and OF Randal Grichuk from Rockies for RHP Jake Madden and LHP Mason Albright
- Braves acquire INF Nicky Lopez from Royals for LHP Taylor Hearn
- Rangers acquire LHP Jordan Montgomery and RHP Chris Stratton from Cardinals for SS Thomas Saggese, RHP Tekoah Roby and LHP John King
- Blue Jays acquire RHP Jordan Hicks from Cardinals for RHPs Sem Robberse and Adam Kloffenstein
- Rangers acquire RHP Max Scherzer from Mets for INF Luisangel Acuna
- Astros acquire RHP Kendall Graveman from White Sox for C Korey Lee
- Dodgers acquire RHP Lance Lynn and RHP Joe Kelly from White Sox for RHP Nick Nastrini, RHP Jordan Leasure and OF Trayce Thompson
- Marlins acquire RHP David Roberston from Mets for INF Marco Vargas and C Ronald Hernandez
- Brewers acquire 1B Carlos Santana from Pirates for SS Jhonny Severino
- Angels acquire RHPs Lucas Giolito and Reynaldo López from White Sox for LHP Ky Bush and C Edgar Quero
- Dodgers acquire SS Amed Rosario from Guardians for RHP Noah Syndergaard and cash
- Marlins acquire RHP Jorge López from Twins for RHP Dylan Floro
- Mariners acquire RHP Trent Thornton from Blue Jays for SS Mason McCoy
- Red Sox acquire RHP Mauricio Llovera from Giants for RHP Marques Johnson
- Dodgers acquire SS Kiké Hernández from Red Sox for RHP Nick Robertson and RHP Justin Hagenman
Who are the best trade targets at the 2023 MLB trade deadline?
Here's a look at some of the best remaining trade candidates (*=free agent this offseason, all stats through July 30):
Tim Anderson, SS, White Sox
A team acquiring Anderson would be betting on his overall body of work rather than his 2023 performance. The 2019 AL batting champ hit above .300 in each of the last four seasons but is down all the way to .245 in 2023. Anderson, 30, has a $14 million club option for 2024.
David Bednar, RHP, Pirates
An All-Star for the second straight season, Bednar has posted a 1.27 ERA and 21 saves over 41 appearances. Given that the 28-year-old closer is under club control for three more seasons beyond this one, prying him away from Pittsburgh likely won't be easy.
Jeimer Candelario*, 1B/3B, Nationals
There have to be teams around MLB wishing they had simply signed Candelario last offseason when he joined the Nationals on a one-year, $6 million deal. The 29-year-old has rebounded from a rough 2022 season, hitting .258/.342/.481 with 16 homers and 53 RBIs.
Elias Diaz, C, Rockies
As a catcher with 10 home runs and a .753 OPS, the 32-year-old Diaz could be in high demand. The 2023 All-Star Game MVP is also under contract for just $6 million in 2024.
Adam Duvall*, OF, Red Sox
The Red Sox reportedly aren't interested in dealing Justin Turner, but could they use a pending free agent in Duvall to help shore up other areas? Duvall has turned it around following a down 2022 season, hitting .261/.329/.542 through 44 games. The 34-year-old was sidelined for two months with a fractured wrist.
Paul Goldschmidt, 1B, Cardinals
While the Cardinals aren't trading Arenado, could their other All-Star veteran still potentially be moved? Goldschmidt is closer to free agency than Arenado, as the 2022 NL MVP's deal expires after next season. Goldy, 35, is due $26 million in 2024.
Josh Hader*, LHP, Padres
The Padres remain the most interesting team to watch heading into the deadline. They're five games out of a wild card spot, but is that enough for them to stand pat at the least? If not, then Hader, a pending free agent, is their most obvious trade candidate. The three-time NL Reliever of the Year is enjoying the best season of his career with a 0.90 ERA and 25 saves.
Andrew McCutchen*, OF, Pirates
McCutchen may not be the same player he was during his first stint in Pittsburgh, but the 2013 NL MVP is showing he can still produce at age 36. He's hitting .257/.380/.399 with 10 homers and 28 RBIs.
Eduardo Rodriguez, LHP, Tigers (10-team no-trade clause)
E-Rod is having a career year in the Motor City, boasting a 2.95 ERA over 88.1 innings and 15 starts. The 30-year-old southpaw has the ability to opt out of the remaining three years and $49 million remaining on his contract after this season.
Brent Rooker, OF, Athletics
Rooker was playing in the 2023 All-Star Game less than a year after being designated for assignment by the Royals. In a breakout season, the 28-year-old is hitting .248/.341/.476 with 17 dingers and 47 RBIs. The A's might be able to fetch a substantial haul for Rooker, who is under club contract for four more seasons beyond 2023.
Juan Soto, OF, Padres
Could Soto and Hader be moved for a second straight deadline? No, Soto isn't a pending free agent like Hader. But if the Padres aren't very confident in their ability to re-sign Soto, then dealing him now would hypothetically be at peak value with 1.5 seasons left on his contract.
Justin Verlander, RHP, Mets
The Mets have already traded one decorated starting pitcher -- is Verlander next? The 40-year-old three-time AL Cy Young winner has looked like his vintage self in July, boasting a 1.69 ERA over six starts.
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Funding by California Transportation Commission and Oregon Department of Environmental Quality
LONG BEACH, Calif., July 31, 2023 /PRNewswire/ -- On the heels of opening the nation's largest public charging depot for electric commercial trucks at the Port of Long Beach, WattEV announced today it has secured $40.5 million in grants to further expand its growing network of electric truck stops into Northern California and Oregon.
WattEV, the industry leader in heavy-duty freight electrification, has been awarded two separate grants: one for a solar-powered truck charging depot across Interstate 5 from the airfreight hub adjacent to Sacramento International Airport, and another for a grid-connected charging depot along Interstate 5 in Salem, Ore.
WattEV has secured a $34 million federal grant through the California Transportation Commission to build and operate what will become the nation's largest electric charging depot on more than 100 acres of land immediately south of Sacramento International Airport (SMF) on Interstate 5.
The SMF project is expected to open in mid- to late-2025 with 15.6 MW of solar power supplemented by 7.2 MW of grid power supplied by the Sacramento Municipal Utility District.
The SMF depot will have 30 DC fast chargers for passenger vehicles, 90 high-power CCS-1 cords for medium- and heavy-duty commercial electric vehicles, and 18 megawatt cords for pass-through charging of HD trucks using the upcoming Megawatt Charging Standard (MCS).
"We're proud to partner with WattEV as they continue to advance transition of U.S. trucking transport to zero emissions," said Cindy Nichol, Director of Sacramento County Department of Airports. "Sacramento International Airport's proximity to one of largest goods distribution centers in the state makes this an ideal location to serve California's 'electric highway.'"
WattEV was also awarded $6.5 million from the Oregon Department of Environmental Quality to build a 6-acre EV charging depot. The Salem, Ore., site will be grid-connected in cooperation with Portland General Electric.
Planning for the Salem electric truck stop includes 30 CCS 240 KW chargers and six MCS 1200 KW chargers. It's expected to open in 2025 as well.
"These grant awards will allow us to meet our plans to expand our network of electric-truck charging depots from the Mexican border to Portland, Oregon, via Interstate 5, on what government planners and industry stakeholders are calling the 'electric highway,'" explained WattEV co-founder and CEO Salim Youssefzadeh.
The grant for the SMF project comes from the U.S. Department of Transportation's "Trade Corridor Enhancement Program," which distributes funding through state transportation agencies.
"We're building out the West Coast corridor while also reaching eastward along the I-10 toward Arizona and Texas and, eventually, to the East Coast," Youssefzadeh said. "To expand the WattEV network, we'll match our grants with private capital to fund this massive infrastructure buildout."
WattEV selects the locations of its charging depots based on analysis of freight routes, range of electric trucks and energy supply.
"We picked our site in Sacramento because of its strategic location next to the Metro Air Park Logistics Center, where more than 10-million square-feet of warehouse space is planned," said Youssefzadeh, "and its close proximity to downtown Sacramento – just 10 minutes away."
Sacramento County and surrounding areas contain one of the largest concentrations of California's goods distribution centers, serving many of the largest shippers in the country.
The Sacramento Metropolitan Air Quality Management District (Sac Metro Air District) has committed to working closely with WattEV on the project as it will have significant air quality benefits for Sacramento.
"Emissions from fossil-fuel powered cars and trucks are the largest source of air pollution in the Sacramento region," said Sac Metro Air District Transportation and Climate Change Program Manager Raef Porter. "Over the past 25 years, the Air District has invested $300 million in clean air projects. We're proud to continue that commitment by partnering with WattEV on this transformative solar-powered, electric charging depot. Building new electric vehicle infrastructure is imperative to the successful transition to clean transportation and ensuring a clean air and low carbon future for all."
The SMF depot will initially serve as a charging hub for local and regional distribution centers, and later as a depot serving the north-south freight corridor stretching from WattEV's newly opened charging depot in the Port of Long Beach, connecting to Oregon and Washington state.
"We not only have the demand for regional distribution in Sacramento County," Youssefzadeh explained, "but we also have existing shippers asking us to transport freight from their logistic centers in the Los Angeles area to distribution centers of retailers in Sacramento."
About WattEV
WattEV's mission is to accelerate the transition of U.S. trucking transport to zero emissions. It relies on a combination of business and technology innovations to create charging infrastructure and data-driven workflow that provide truckers and fleet operators the lowest total cost of ownership. WattEV's goal is to get 12,000 heavy-duty electric trucks on California roads by the end of 2030, exceeding existing forecasts. More information is available online at www.WattEV.com.
About the Sac Metro Air District
The Sac Metro Air District is the leading Sacramento region agency responsible for monitoring air quality, reducing air pollution, enforcing air quality regulations, and promoting decarbonization efforts through innovative incentive programs and projects. The Air District also works to ensure clean air and meet National Ambient Air Quality standards. For more information about the Air District, please visit www.AirQuality.org.
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ATLANTA, July 31, 2023 /PRNewswire/ -- The Aaron's Company, Inc. (NYSE: AAN) today released its second quarter 2023 financial results. Complete financial results are available at investor.aarons.com. Highlights of those results are included below and in the attached supplement.
Second Quarter 2023 Consolidated Results1:
- Revenues were $530.4 million, a decrease of 13.1%
- Net earnings were $6.5 million, an increase of 222.0%; Non-GAAP net earnings2 were $12.2 million, a decrease of 50.6%
- Adjusted EBITDA2,3 was $42.4 million, a decrease of 17.0%
- Diluted EPS was $0.21; Non-GAAP diluted EPS2 was $0.39
- Write-offs were 5.4% in the Aaron's Business, an improvement of 30 basis points
- Reduced debt $36.1 million in the quarter and $124.3 million since the prior year quarter-end
- Updates 2023 full year outlook; lowers revenues, maintains adjusted EBITDA, and increases adjusted free cash flow
Second Quarter 2023 Key Items:
The Aaron's Company
- Earnings were ahead of internal expectations largely due to ongoing expense controls, despite lower revenues in both business segments
- Ended the quarter with cash and cash equivalents of $38.4 million and debt of $186.1 million, resulting in a net debt2 reduction of $30.2 million in the quarter primarily due to strong cash provided by operating activities
Aaron's Business
- Earnings before income taxes were $30.8 million; adjusted EBITDA was $49.5 million, which exceeded internal expectations and increased 3.0% as compared to the prior year quarter primarily due to lower total operating expenses and lower write-offs
- Personnel and other operating expenses benefited from cost optimization initiatives and ongoing investments in technology platforms and marketing analytics
- Ended the quarter with 230 GenNext stores, 101 hubs, and 101 showrooms
- GenNext stores accounted for approximately 29% of lease revenues & fees and retail sales
- E-commerce revenues increased 5.5% as compared to the prior year quarter and represented 17.9% of lease revenues
BrandsMart
- Earnings before income taxes were $1.1 million; adjusted EBITDA was $4.5 million, which exceeded internal expectations despite lower revenues due to continued pressure on customer demand
- Began construction on first new BrandsMart store planned to open in Augusta, GA in Q4 2023
The Company will host an earnings conference call tomorrow, August 1, 2023, at 8:30 a.m. ET. Chief Executive Officer Douglas A. Lindsay will host the call along with President Steve Olsen and Chief Financial Officer C. Kelly Wall. A live audio webcast of the conference call and presentation slides may be accessed at investor.aarons.com and the hosting website at https://events.q4inc.com/attendee/457512107. A transcript of the webcast will also be available at investor.aarons.com.
About The Aaron's Company, Inc.
Headquartered in Atlanta, The Aaron's Company, Inc. (NYSE: AAN) is a leading, technology-enabled, omnichannel provider of lease-to-own and retail purchase solutions of appliances, electronics, furniture, and other home goods across its brands: Aaron's, BrandsMart U.S.A., BrandsMart Leasing, and Woodhaven. Aaron's offers a direct-to-consumer lease-to-own solution through its approximately 1,260 Company-operated and franchised stores in 47 states and Canada, as well as its e-commerce platform. BrandsMart U.S.A. is one of the leading appliance retailers in the country with ten retail stores in Florida and Georgia, as well as its e-commerce platform. BrandsMart Leasing offers lease-to-own solutions to customers of BrandsMart U.S.A. Woodhaven is the Company's furniture manufacturing division. For more information, visit investor.aarons.com, aarons.com, and brandsmartusa.com.
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| 2023-07-31T20:38:51
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NEW YORK, July 31, 2023 /PRNewswire/ -- Debevoise & Plimpton LLP announced today the release of its 2023 Private Equity Midyear Outlook, a helpful summary of the various forces shaping the industry and the strategies market participants are using during this dynamic time.
At the beginning of the year, we noted in our Private Equity Report: 2023 Outlook the considerable macroeconomic and geopolitical challenges facing private equity. As we pass the year's midpoint, those challenges continue to hang over the private equity industry like a stalled weather system, refusing to dissipate, as existing obstacles have solidified and new hurdles have emerged. While the crisis around the collapse of Silicon Valley Bank, First Republic Bank and Signature Bank was not protracted, it nonetheless compounded an already difficult liquidity environment. Fundraising remains highly competitive. The polarization around ESG in the United States has intensified, resulting in a patchwork of wildly different state legislation. The SEC continues to take aim at private fund practices, while in the EU, new regulations stand to complicate both fundraising and the M&A landscape. In this environment, caution rules the day for both sponsors and investors.
And yet, with creativity and persistence, deals are getting done. Lenders are adjusting their balance sheet exposures. Direct lending and co-investments, as well as innovative deal structures, help to fill the financing gaps caused by the pull-back in syndicated debt financings. Brand-name funds are weathering fundraising headwinds by offering incentives and flexibility with terms, while first-time managers are building track records by raising capital deal-by-deal. And through it all, bright spots have begun to appear. The U.S. IPO market is showing early signs of thawing. In Latin America, proactive monetary policy, the move toward nearshoring and a spate of welcomed governmental reforms give reason for optimism. And while investors continue their caution regarding China, other Asian markets such as Japan, Australia and India are showing healthy levels of activity.
The full report is available here.
About the Debevoise Private Equity Group
Debevoise is a trusted partner and legal advisor to a majority of the world's largest private equity firms, and has been a market leader in the Private Equity industry for over 40 years. The firm's Private Equity Group brings together the diverse skills and capabilities of more than 400 lawyers around the world from a multitude of practice areas, working together to advise our clients across the entire private equity life cycle. The Group's strong track record, leading-edge insights, deep bench and commitment to unified, agile teams are why, year after year, clients quoted in Chambers Global, Chambers USA, The Legal 500 and PEI cite Debevoise for our close-knit partnership, breadth of resources and relentless focus on results.
Debevoise & Plimpton LLP is a premier law firm with market-leading practices, a global perspective and strong New York roots. We deliver effective solutions to our clients' most important legal challenges, applying clear commercial judgment and a distinctively collaborative approach.
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| 2023-07-31T20:38:52
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