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Topeka United celebrates city’s diversity with multicultural holiday event
TOPEKA, Kan. (WIBW) - A Topeka organization wants to show the community how much we all have in common, even with our differences.
Topeka United hosted Peace: A Multicultural Holiday Event, an effort designed to display the spectrum of different culture and traditions present in the city. The event featured music and speakers for various traditions; from Christmas and Kwanzaa, to Islam, to mariachi; to give guests the opportunity to learn about something new.
Topeka United says it’s part of their larger goal to build relationships in the community.
“People need to get together,” Lisa Davis said. “There’s a song that says ‘if you want the world to be a better place to live in, you need to try a little love.’ So, if everybody tries a little bit, it could be a little bit better.”
You can learn more about the organization at TopekaUnited.org.
Copyright 2022 WIBW. All rights reserved.
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https://www.wibw.com/2022/12/15/topeka-united-celebrates-citys-diversity-with-multicultural-holiday-event/
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2022-12-15 04:08:14
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https://www.wibw.com/2022/12/15/topeka-united-celebrates-citys-diversity-with-multicultural-holiday-event/
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Indian fashion designer Gaurav Gupta makes his Paris Haute Couture Week debut
Samantha Tse, CNN
Nearly 20 years after launching his eponymous brand, Indian fashion designer Gaurav Gupta made his hotly anticipated debut at Paris Haute Couture Week on Thursday.
The prestigious event’s recognition of Gupta signals the growing international status of a couturier who has long been beloved by his Bollywood clientele. This past year has seen the designer’s profile skyrocket, with his sculptural creations worn by global A-list stars including Cardi B, Lizzo and Kylie Minogue.
At last year’s Oscars, rapper Megan Thee Stallion donned a slate-blue, body-hugging gown, custom-designed by Gupta, that featured a dramatic train flowing out like delicate waves. The media coverage it generated “was so beautiful,” he said at his temporary showroom near the Champs-Élysées in Paris earlier this week.
“It propelled us and it gave us the confidence that we were ready as an Indian couture brand to go global,” the designer added.
Haute Couture Week is a biannual spectacle at which the most exclusive fashion — garments painstakingly made by hand and sold at eye-watering prices — is sent down runways in front of star-studded audiences. Gupta recalled being on a plane and “about to take off” when he heard that his brand had been selected to show at the event.
“It was very dramatic,” he said. “I was alone on the plane and for the next two hours, I was just looking outside and crying. We were just this couturier, and this is history happening in front of my eyes. This dream has been 25 years in the making — ever since I started working in fashion.”
Building a brand
After graduating from London’s Central Saint Martins College of Art and Design, Gupta founded his label in 2005. His brother Saurabh joined the operation early on. Together they grew the business, opening five boutiques in New Delhi, Kolkata, Mumbai and Hyderabad, and regularly dressing Bollywood stars, Indian socialites and brides.
In the beginning, Gupta’s high-concept collections came in more subdued palettes, subverting what was being sold in the Indian market at the time. Converting what he showed on the runway into commercial sales took some time to figure out.
“Being a very concept-driven brand in a very traditional market was not the easiest. Over the years, I’ve found a balance of how to make wearable concepts,” he said.
Merging what it calls “indigenous Indian construction and embellishing techniques,” the label describes itself as “Indian at its core.” One of Gupta’s most popular items is his high-fashion take on the sari gown. His version transforms the traditional Indian garment, which at its most basic is a rectangular fabric wrapped around the body in different styles, into something markedly sexier, he explains, with a Grecian-style drape and detailing such as knotting and plaiting.
A global outlook
Gupta and his team have been working toward the Paris couture presentation for the past six months, from developing concepts and sketches to sourcing, dyeing and embroidering fabrics. The label has also been preparing for buyers’ visits to the Paris showroom where its eveningwear collection, which is currently sold via Moda Operandi, will be on display. The American retailer Neiman Marcus is also set to offer the brand’s designs, and Gupta relishes the challenge of expanding his presence in the West.
“America is huge and we’re going to be stocked with the best players in the market,” Gupta said. “It’s been a nice progression of having celebrity collaborations — cultural collaborations, is what I’d like to call them — and (in parallel) have our agents do sales. It’s a 360-degree plan.”
For the label’s debut collection at Haute Couture Week, the idea of “shunya,” the Sanskrit word for zero, was the starting point.
“When zero was discovered … the world expanded into infinity. Time was no longer linear,” Gupta said, adding that explorations of space and time inspired the collection.
Thursday’s runway show began with a series of extreme silhouettes in sensual textures. Several looks featured swan-like wings that twisted around models’ shoulders and hips before trailing onto the floor. The ensembles were made using Indian hand-loomed and hand-woven tissue fabrics, which were sculpted using the label’s embellishing techniques and embroidered with crystals, giving each dress an effervescent sensibility.
An eruption of indigo, electric-blue pieces followed. Strong statements in their own right, each look was designed head-to-toe in the same hue and paired with matching legging boots that seemed to fit the models like a second skin.
Then came a parade of nude-illusion dresses that saw intricate black embellishments strategically placed over sheer, skin-toned tulle. They were followed by pops of color by way of silver, black and neon yellow dresses. A succession of black and gold creations then concluded the show.
“When people see my collections, they say, ‘Your clothes are very beautiful but they’re not very Indian,’ which isn’t right,” said Gupta.
“There’s a sense of fluid form, maximalism, the techniques and craftsmanship — all of that is Indian. I want to challenge the perception of the words ‘India’ or ‘Indianness.'”
Top image caption: Models walk the Gaurav Gupta runway on January 26, 2023 in Paris, France.
The-CNN-Wire
™ & © 2023 Cable News Network, Inc., a Warner Bros. Discovery Company. All rights reserved.
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https://localnews8.com/entertainment/cnn-style/2023/01/27/indian-fashion-designer-gaurav-gupta-makes-his-paris-haute-couture-week-debut/
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2023-01-28 04:43:25
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https://localnews8.com/entertainment/cnn-style/2023/01/27/indian-fashion-designer-gaurav-gupta-makes-his-paris-haute-couture-week-debut/
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Eggland's Best Hard-Cooked Peeled Eggs recognized in "Protein Packed Favorites" category
CEDAR KNOLLS, N.J., June 28, 2023 /PRNewswire/ -- Every year, the Good Housekeeping Institute's Nutrition Lab highlights the best snacks on the market that are both nutritious and delicious. After a thorough review and taste-test process, the publication has once again revealed which brands rose to the top, naming Eggland's Best Hard-Cooked Peeled Eggs as a "Protein Packed Favorite" in the 2023 Best Snack Awards!
"The Good Housekeeping Institute Nutrition Lab tests and thoroughly evaluates food products year-round to ensure we are recommending the highest quality products to our readers in an effort to empower them to make smarter decisions at the grocery store," said Good Housekeeping Institute's Registered Dietitian Nutritionist Stefani Sassos MS, RDN, CSO, CDN. "Eggland's Best Hard-Cooked Peeled eggs were an obvious choice for this award program, as they're a convenient source of essential vitamins and nutrients that can support overall health and wellness for the whole family."
To determine the winners in the 2023 Best Snack Awards, Good Housekeeping's in-house Registered Dietitian and team of food and nutrition experts in the Good Housekeeping Institute's Nutrition Lab rigorously analyzed ingredient lists, nutrition fact labels, packaging claims and flavor profiles of hundreds of snacks to find the best of the best. Consumer testers weighed in on taste and provided additional real-life analysis. The choices focus on innovative snacks in the food space that meet Good Housekeeping's nutritional criteria (including caps on per-serving calories, sugar and sodium).
"We are thrilled to be honored once again by Good Housekeeping," said Kurt Misialek, Eggland's Best President and CEO. "At Eggland's Best, our mission is to provide consumers with great-tasting eggs that have superior freshness and nutrition. This recognition by the 2023 Best Snack Awards speaks to our commitment to that goal."
Compared to ordinary eggs, Eggland's Best eggs contain six times more Vitamin D, 25% less saturated fat, more than double the Omega-3s and Vitamin B12 and ten times more Vitamin E. The superior nutrition of Eggland's Best is due to its proprietary all-vegetarian hen feed that contains healthy grains, canola oil and a wholesome supplement of rice bran, alfalfa, sea kelp and Vitamin E.
"I always recommend Eggland's Best eggs to my clients because they provide superior nutrition that can help families maintain overall wellness at home or on the go," said Dawn Jackson Blatner, Registered Dietitian and Nutritionist. "Eggland's Best Hard-Cooked Peeled Eggs, with six times more Vitamin D and more than double the Omega-3s, are the perfect nutrient-packed snack when you're looking for a quick boost of energy or muscle recovery post-exercise."
Eggland's Best eggs have been the recipient of more than 100 awards and honors for the product's superior taste, nutrition, freshness and variety. For more information on this award, see here. Learn more about Eggland's Best eggs and delicious EB recipes at www.egglandsbest.com.
About Eggland's Best Eggs
Eggland's Best is the #1 branded egg in the U.S. and is an excellent source of Vitamins D, B12, E, B5 and riboflavin. EB eggs have six times more Vitamin D, more than double the Omega-3s, 10 times more Vitamin E and 25% less saturated fat than ordinary eggs. Eggland's Best's patented method of production and verification ensures that every Eggland's Best egg has these superior qualities. Independent testing has also confirmed that Eggland's Best eggs stay fresher longer than ordinary eggs. The distinctive "EB" stamp on the shell assures consumers and food service customers that EB eggs meet the highest production and safety standards.
Eggland's Best was voted "America's Most Trusted Egg Brand" by American shoppers in the BrandSpark Most Trusted Awards; "America's Most Recommended™ Eggs" by women in the Women's Choice Awards; and "Product of the Year." In addition, Eggland's Best has received more than 100 awards and honors from trusted publications, such as Prevention Magazine, Men's Health, Men's Fitness, Taste of Home, Women's Health, and many others.
Eggland's Best's hens are fed a strictly controlled proprietary, high-quality all-vegetarian diet, which results in a better-tasting, more nutritious egg that stays fresher longer. EB eggs are available in large, extra-large, jumbo, cage free, organic, hard-cooked, cage free hard-cooked, organic hard-cooked, liquid egg whites, various frozen varieties and are certified Kosher. For more information, visit www.egglandsbest.com.
About Good Housekeeping
Celebrating 135 years, Good Housekeeping (GoodHousekeeping.com) is a leading lifestyle media brand inspiring a monthly audience of 45+ million readers to discover genius innovations, delicious ideas, style-savvy trends, compelling news and best-in-class products for their homes, families and themselves. The Good Housekeeping Institute's state-of-the-art labs combined with Good Housekeeping's seasoned editorial talent is unparalleled. Staffed by top engineers, scientists and technology experts, the GH Institute tests and evaluates thousands of products each year for the magazine, website and for the Good Housekeeping Seal and the Green Good Housekeeping Seal, which are among the most recognized and trusted consumer icons in the world today. Good Housekeeping, which also has five international editions is published by Hearst Magazines, a unit of Hearst, a leading global, diversified media, information and services company. Hearst Magazines' print and digital assets reach nearly 166 million readers and site visitors each month — 67% of all millennials and 58% of all Gen Z, age 18+ (Source: 2020 comScore Multi-Platform © MRI-Simmons (12-20/S20). With more than 25 brands in the U.S., the company publishes nearly 250 magazine editions and 200 websites around the world. Follow Good Housekeeping on Facebook, Instagram, Twitter, and on Pinterest.
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https://www.mysuncoast.com/prnewswire/2023/06/28/good-housekeeping-recognizes-egglands-best-2023-best-snack-awards/
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2023-06-28 11:18:46
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Monday forecast: A nice afternoon after a cold start
Mild first half of the week, cooler to end the week
TOPEKA, Kan. (WIBW) - After a chilly morning, temperatures will be warming in the 70s for most areas this afternoon with the lightest winds of the week. Temperatures remain near and above seasonal average through Thursday before cooler air returns Friday through the weekend. There are also several chances for rain and even t-storms through the week with additional frost/freeze opportunities for the weekend.
Taking Action:
- While the fire danger threat is relatively low today due to light winds, if you are going to do any burning use caution especially out toward central KS with gusts possibly up to 20 mph and low relative humidity. Also make sure you’re putting out the fires properly since any lingering embers that spark fires the rest of the week could lead to uncontrollable fires due to stronger winds.
- Most of the rain chances will occur at night so any outdoor plans you have, keep them just stay weather aware especially late Wednesday into Wednesday evening for a severe weather potential. As for the rain chance during the day Friday, it won’t be heavy and many spots will likely remain dry.
- This weekend’s lows will be down in the 30s for 2 chances for a frost and/or freeze.
If you’re a fan of mild weather you have 3 days to enjoy with Thursday near seasonal before cooler air moves in by Friday which may end up sticking around for the rest of the month.
Today: Sunny. Highs in the low 70s along and east of HWY 75 with mid-upper 70s for many spots out toward central KS. Winds W/S 5-10 mph, gusts up to 20 mph can’t be ruled out.
Tonight: Mostly Clear. Low chance for isolated showers/storms between 3am-6am. Lows in the upper 40s-low 50s. Winds E 5-15 mph.
Tomorrow: Sunny. Highs in the upper 70s-low 80s. Winds SE 10-20, gusts around 25 mph.
While the risk for storms still remains low Tuesday night, there are better ingredients necessary for strong to a brief severe storm vs tonight especially north of I-70 but many spots still may end up remaining dry.
Wednesday will be warm and windy with highs in the 80s and gusts around 35 mph. Most of the day will be dry but we’ll fine tune the forecast in the coming days on when storms will begin to develop. This will be the timeframe of when rain will be most likely this week (late Wednesday afternoon into Wednesday night) but also lead to the best risk for severe weather for the week.
Other than a few leftover storms early Thursday morning, most of the day will be dry and highs more in the mid-upper 60s. A few spotty showers can’t be ruled out Friday however won’t be heavy. It will keep highs much cooler with 50s to low 60s.
The weekend remains chilly: Uncertainty remains how much cloud cover there will be both days but confidence is high that Sunday will be warmer than Saturday and lows will be in the 30s both mornings for a frost and/or freeze for many spots.
Copyright 2023 WIBW. All rights reserved.
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https://www.wibw.com/2023/04/17/monday-forecast-nice-afternoon-after-cold-start/
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2023-04-17 10:24:20
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REHOVOT, Israel, Oct. 6, 2022 /PRNewswire/ -- Evogene Ltd. (Nasdaq: EVGN, TASE: EVGN) (the "Company", "Evogene"), a leading computational biology company targeting to revolutionize life-science product discovery and development across multiple market segments, announced today that Ofer Haviv, Evogene's President and CEO, will attend and present at LD Micro Main Event, an investor conference taking place from Tuesday, October 25 to Wednesday, October 26, 2022, in Los Angeles. The event is a leading small cap investor conference, showcasing over 200 small- and micro-cap companies.
Mr. Haviv is scheduled to present on Tuesday, October 25 at 10am PT in Track 4 and will be available for 1-1 meetings with investors throughout the conference.
Mr. Haviv's presentation will focus on Evogene's disruptive technologies, its AI (Artificial Intelligence) engines for biologic product discovery and development, and the ecosystem of product-focused subsidiaries and partnerships it has built around its technologies.
Investors interested in attending and meeting directly with Mr. Haviv are welcome to contact Evogene's Investor Relations team whose contact details are below or sign up via the LD Micro conference online meeting platform.
About Evogene Ltd.:
Evogene (Nasdaq: EVGN, TASE: EVGN) is a computational biology company aiming to revolutionize the development of life-science based products by utilizing cutting edge technologies to increase probability of success while reducing development time and cost. Evogene established three unique technological engines - MicroBoost AI, ChemPass AI and GeneRator AI – leveraging Big Data and Artificial Intelligence and incorporating deep multidisciplinary understanding in life sciences. Each technological engine is focused on the discovery and development of products based on one of the following core components: microbes (MicroBoost AI), small molecules (ChemPass AI), and genetic elements (GeneRator AI). Evogene uses its technological engines to develop products through subsidiaries and with strategic partners. Currently, Evogene's main subsidiaries utilize the technological engines to develop human microbiome-based therapeutics by Biomica Ltd., medical cannabis products by Canonic Ltd., ag-chemicals by Ag Plenus Ltd. and ag-biologicals by Lavie Bio Ltd. For more information, please visit: www.evogene.com.
Evogene Investor Contact:
Kenny Green
Email: Kenny.green@evogene.com
Tel: +1 212 378 8040
Logo - https://mma.prnewswire.com/media/890385/Evogene_Logo.jpg
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SOURCE Evogene
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https://www.kxii.com/prnewswire/2022/10/06/evogene-present-ld-micro-main-event-xv-investor-conference-los-angeles/
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2022-10-06 11:30:59
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How to Watch Men's Wimbledon Today: Live Stream and More - July 16
Published: Jul. 16, 2023 at 1:45 AM CDT|Updated: 1 hour ago
At AELTC Wimbledon Qualifying and Community Sports Ground today, in Wimbledon final, No. 1-ranked Carlos Alcaraz will match up against No. 2 Novak Djokovic. If you're looking for a live stream, ESPN will have the match.
Watch live tennis and tons of other sports and shows without cable on all your devices with a seven-day free trial to Fubo!
Wimbledon Information
- Tournament: Wimbledon
- Round: Finals
- Date: July 16
- Live Stream: Watch on Fubo!
- Venue: AELTC Wimbledon Qualifying and Community Sports Ground
- Location: London, United Kingdom
- Court Surface: Grass
Watch Wimbledon Today - July 16
Watch live sports without cable! Sign up today for a free trial to Fubo and watch today's matches!
Today's Best Match Insights: Alcaraz vs. Djokovic
- Alcaraz has won five tournaments this year, with an overall match record of 46-4.
- Djokovic has posted a 33-4 record on the year, securing three tournament wins.
- Alcaraz has played 50 matches so far this year (across all court types), and 23.5 games per match.
- Alcaraz has played 11 matches on grass so far this year, and 28 games per match.
- In terms of serve/return winning percentages this year, Alcaraz has won 86.1% of his games on serve, and 36.4% on return.
- In his 37 matches played this year across all court surfaces, Djokovic is averaging 28.2 games per match while winning 60.2% of those games.
- Djokovic averages 35 games per match and 10.5 games per set in six matches on grass courts this year.
- Djokovic has an 87.9% service game winning percentage and a 32.6% return game winning percentage on all surfaces (457 service games won out of 520, and 170 return games won out of 522).
Bet on Alcaraz or Djokovic to win this match with BetMGM.
Yesterday's Match Results
Not all offers available in all states. Please gamble responsibly. If you or someone you know has developed a gambling problem or addiction, contact 1-800-GAMBLER.
© 2023 Data Skrive. All rights reserved.
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https://www.wibw.com/sports/betting/2023/07/16/wimbledon-atp-tennis-preview-how-to-watch-today/
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2023-07-16 07:46:06
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Lake Local school board schedules year-end events
The Repository
Lake Local Schools Board of Education
Monday meeting
KEY ACTION: Heard information regarding this year’s graduation.
DISCUSSION: Superintendent Kevin Tobin announced the following dates:
May 23, Baccalaureate Ceremony at Evermore Community Church at 7 p.m., May 24, Senior Recognition program at Hartville Kitchen at 6 p.m., May 25, last day for seniors; May 26, graduation practice is at 8 a.m.; May 26, spring sports recognition night at 6 p.m.; and May 28 graduation at Blue Streak Stadium at 3 p.m.
OTHER ACTION:
- As required by the Ohio Department of Education, approved the five-year forecast and approved sending to the state.
- Accepted a number of resignation and retirements including teacher Mike Parker, cafeteria worker Ann Feighner and custodian Gary Benko.
- Approved a list of fall coaches and other certified and non-certified personnel for 2022-2023 school year.
UP NEXT: Meets 6 p.m. on June 27 at Lake Elementary cafetorium.
Patricia Faulhaber
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https://www.cantonrep.com/story/news/2022/05/17/lake-local-school-board-schedules-year-end-events/9804511002/
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2022-05-17 15:51:19
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Almost nine out of 10 women are more worried about the risk of running out of money than the risk of not enjoying their money right now.
WASHINGTON, Aug. 3, 2022 /PRNewswire/ -- The latest chapter of HerMoney and the Alliance for Lifetime Income's State of Women 2022 study finds that inflation risk (73%) tops the list of women's financial concerns, ahead of illness or disability (71%), market volatility (70%), longevity (58%) and unemployment (43%). Yet only two in five women (41%) say they know how to protect themselves from inflation risk.
The study looked closely at women's relationship with various financial risks in their lives and their investment portfolios. Low levels of inflation preparedness were evident across all income levels. Even among the highest-earners – women with annual income above $200,000 – only 44 percent know the steps to take to address inflation risk in their portfolios.
"Inflation protection can be boiled down to a few key steps," says Jean Chatzky, HerMoney CEO and Alliance for Lifetime Income Fellow. "Prioritize paying off any high interest rate debt. Delay taking Social Security to increase your monthly take. And maintain a diversified investment portfolio for growth, while using annuities or pensions to cover your fixed costs in retirement. It's also a good idea to keep an eye on where your money is going to keep a lid on unnecessary and impulse spending."
Notably, only 12 percent of women consider themselves to be risk averse when it comes to investments. And when compared to their parents, nearly two-thirds (62%) are bigger risk takers, while more than a third (35%) are bigger risk takers than their partners.
"Women embrace risk in the market but should also realize ways of protecting their future selves," said Jean Statler, CEO of the Alliance for Lifetime Income. "Four in ten women (41%) agree with the statement that protecting their portfolios is more important to them than high returns. As women enter their highest-earning years, and near retirement, it's important that they consider adding sources of protected income to their portfolios to provide a guarantee."
Interestingly, women are much more risk averse when it comes to their careers (32%) and their personal lives (30%) than their investments (12%). More than four in ten (43%) say they take more risks with their money than their life or work.
Many of the most common risks their "future selves" might regret not taking in 20 years are personal rather than financial. Saving more money for later (45%) is the only regret that cracks the top five, alongside a host of career and personal risks including not traveling to places outside my comfort zone (57%), making new friends (43%), working less to spend more time with family (41%) and saying what you really think (37%).
About the State of Women in 2022
This online study was conducted from June 14 to July 11, 2022, among over 1,100 women who are members of the HerMoney community. They range in age from 18 to 75, most are college-educated and employed full-time. Nearly two-thirds are married or partnered.
About the Alliance for Lifetime Income
The Alliance for Lifetime Income is a non-profit 501(c)(6) educational organization based in Washington, D.C., that creates awareness and educates Americans about the value and importance of having protected lifetime income in retirement. Our vision is for a country where no American has to face the prospect of running out of money in retirement. The Alliance provides consumers and financial advisors with educational resources, interactive tools, and actionable research and insights to use in building retirement income strategies and plans. We believe focusing attention and conversations on retirement income that lasts throughout life leads to greater retirement security for millions of Americans. Learn more at www.ProtectedIncome.org.
Contact: Haley Fry, Edelman
(309) 824-7806
Haley.Fry@edelman.com
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SOURCE Alliance for Lifetime Income
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https://www.mysuncoast.com/prnewswire/2022/08/03/inflation-risk-is-top-financial-concern-nearly-three-four-women/
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2022-08-03 13:13:00
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Asia stocks mostly rise after Wall St rally, bank fears ease
By YURI KAGEYAMA
AP Business Writer
TOKYO (AP) — Asian shares were mostly higher Thursday following a rally on Wall Street as worries over banks following the collapses of several lenders in recent weeks receded.
Forceful actions by regulators have helped to calm markets as investors have turned their focus to how central banks might adjust their interest rate policies to reflect persisting worries over how higher rates might affect lenders.
Japan’s benchmark Nikkei 225 shed 0.5% to 27,740.58. Australia’s S&P/ASX 200 added 1.0% to 7,122.30. South Korea’s Kospi rose 0.7% to 2,459.73.
Hong Kong’s Hang Seng gained 0.4% to 20,266.96, while the Shanghai Composite advanced 0.6% to 3,259.64 after China’s new No. 2 leader, Premier Li Qiang, said the recovery from a long slowdown picked up pace in March.
The economy showed “encouraging momentum of rebounding” in January and February, Li said at the Boao Forum for Asia, a gathering of businesspeople and politicians on the southern island of Hainan.
“The situation in March is even better,” he said.
On Wall Street, the S&P 500 rose 1.4% Wednesday to 4,027.81, for its fourth gain in the last five days. The Dow Jones Industrial Average climbed 1% to 32,717.60, while the Nasdaq composite jumped 1.8% to 11,926.24.
The month has being dominated by worries about banks and whether the industry is cracking under the pressure of much higher interest rates.
But a measure of fear among stock investors on Wall Street has fallen to nearly where it was on March 8, the day before Silicon Valley Bank’s customers suddenly yanked out $42 billion in a panicked dash. It became the second-largest U.S. bank failure in history and sparked harsher scrutiny of banks around the world.
After regulators in Switzerland brokered a takeover of Credit Suisse by rival UBS, UBS said it’s bringing back its former CEO, Sergio Ermotti, to help it absorb Credit Suisse. Ermotti led a turnaround at UBS following the 2008 financial crisis.
On Wall Street, nearly all of the financial stocks in the S&P 500 rose Wednesday. Some banks hit hardest in recent weeks rose sharply. First Republic Bank jumped 5.6%, and PacWest Bancorp. gained 5.1%.
The Federal Deposit Insurance Corp. announced the sale of much of Silicon Valley Bank’s assets early this week. Regulators have also announced programs to help banks raise cash and indicated support for depositors in case of crisis.
The path ahead for the Federal Reserve and other central banks has become much more difficult because of the banking industry’s struggles. Typically, the still-high inflation seen around the world would call for even higher interest rates. But that would risk more pressure on banks, which could pull back on lending and squeeze the economy.
Traders are largely betting the Fed will have to cut rates as soon as this summer, something that can act like steroids for markets. That’s helped Big Tech and other high-growth stocks in particular, which are seen as some of the biggest beneficiaries of lower rates.
But the Fed has hinted it sees one more hike before holding rates steady through this year and many Wall Street professionals take it at its word, saying rate cuts would likely come more quickly only if the economy is in serious trouble.
For now, a resilient job market has been holding up the economy, even as parts of it weaken under higher interest rates. Most of Wall Street will soon begin reporting how much profit they made in the first three months of the year under such conditions.
In energy trading, benchmark U.S. crude rose 21 cents to $73.18 a barrel in electronic trading on the New York Mercantile Exchange. Brent crude, the international standard, edged up 2 cents to $78.30 a barrel.
In currency trading, the U.S. dollar slipped to 132.50 Japanese yen from 132.75 yen. The euro cost $1.0839, inching down from $1.0847.
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2023-03-30 09:12:19
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Revenue grows 74% Y/Y, ARR increases 90% Y/Y, Adjusted EBITDA Improves 52% Y/Y
CUPERTINO, Calif., Feb. 22, 2023 /PRNewswire/ - (TSXV: BWLK) (OTCQB: BWLKF) – Boardwalktech Software Corp. ("Boardwalktech" or the "Company"), a leading digital ledger platform and enterprise software solutions company, is pleased to report its financial results for the three-month period ended December 31, 2022. All figures are reported in U.S. dollars, unless otherwise indicated. Boardwalktech's financial statements are prepared in accordance with International Financial Reporting Standards ("IFRS").
- Revenue for Q3-FY23 was $1.8 million, a 74% increase from $1.06 million in Q3-FY22, and a 24% sequential increase from $1.48 million in Q2-FY23. Revenue from recurring SaaS licenses in Q3-FY23 increased 129% year-over-year from higher incremental licenses executed with both new and existing customers.
- Annual recurring revenue ("ARR"), at December 31, 2022 was $5.8 million, a 90% year-over-year increase versus ARR of $3.0 million at December 31, 2021. ARR is a non-IFRS measure, and the Company defines ARR as the annualized recurring revenue expected based on quarterly license subscriptions and recurring services.
- Since the Company implemented its SaaS business model in 2018, total revenue from new contracts signed since 2018 comprised 87% of total revenue in Q3-FY23, compared to 74% in the prior year, expanding at an 42% compound annual growth rate ("CAGR") the last three years – 55% CAGR on recurring license revenue.
- Gross margin for Q3-FY23 was 91.5%, a 4.7%-point increase from the previous year's level of 86.8%, and a 1.2% point increase from Q2-FY23 gross margin of 90.3%.
- Adjusted EBITDA for Q3-F23 was a loss of $(0.24) million, a 52% improvement from the $(0.50) million loss in Q3-FY22, and 64% sequential improvement from the $(0.68) million loss in Q2-FY23. This is the best EBITDA level since the Company went public, as it progresses towards and through breakeven profitability.
- Non-IFRS loss for Q3-FY23 (as defined in the Non-IFRS Financial Measures section) was a loss of $(0.25) million, or $(0.01) per basic and diluted share, a 51% improvement versus a $(0.52) million non-IFRS loss in Q3-FY22, or $(0.01) per basic and diluted share, and a 64% improvement versus $(0.70) million non-IFRS loss in Q2-FY23, or $(0.02) per basic and diluted share; as revenue growth outpaced selective opex spending.
- Net loss for Q3-FY23 was $(0.65) million, or a loss of $(0.01) per basic and diluted share, a 40% improvement versus the $(1.08) million loss in Q3-FY22, or $(0.03) per basic and diluted share, and a $(1.22) million loss in Q2-FY23, or $(0.03) per basic and diluted share, a 47% sequential improvement.
- The Company is tracking at the mid to high end of its previously announced revenue guidance of $6.5 million to $7.0 million for FY 2023.
- The Company still projects it has sufficient funds and current receivables that it does not need to raise capital to achieve its guidance, though the Company believes it could grow faster with additional growth equity.
- Subsequent to the quarter, the Company issued 301,260 common shares on the exercise of 301,260 common share warrants CAD 0.70 for gross cash proceeds of approximately $156,073 (CAD 210,882).
- On December 23, 2022, the Company announced it has extended and expanded its contract with a Fortune 50 California-based technology company, with additional revenue from this extension starting at US$400,000 for a combination of license revenue and services as the solutions are expanded across this Customer's users.
- On October 12, 2022, the Company announced that during the quarter, it has both extended and expanded its license with HCL Technologies and executed a new license with SiTime Corp, reflecting the ongoing success of Boardwalktech's "land and expand" strategy through the combination of growth with an existing customer while adding a new licensed customer delivering a supply and demand solution on the Boardwalk Platform.
- On February 2, 2023 , the Company announced it has added Jeff Evans, former EVP at Walmart to its corporate Advisory Board, joining other members of Boardwalktech's Advisory Board including: Ryan Tweedie, Strategic Advisor to the Global CIO at Accenture; Drue Freeman, former President of ACG Silicon Valley and longtime semiconductor company executive; Marc LaCarrubba, former senior leader at EY and current CTO at Humantelligence, Inc.; and, Don Haderle, former IBM Fellow (known as "the father of DB2").
"As we are about to enter our new fiscal year, we are very excited about the growth prospects ahead of us. Even though we doubled our recurring license revenue during our third quarter, and have had continued success from our 'land and expand' strategy, we are just getting started. Our ARR and revenue are at record levels, while our EBITDA is at its best level since going public in 2018. Our business is in the early innings of a material inflection point." Chief Executive Officer Andrew T. Duncan commented. "We are fortunate that our hard work has presented us with not one, but two significant revenue opportunities. Not only have we added new teaming partners to close new banking customers, which we plan to announce in the near future, but have built a formidable Advisory Board to leverage their expertise, contacts, and business development acumen to gain and expand our customer base adding new revenue opportunities. The Boardwalktech low code digital ledger platform continues to gain traction with these enterprises as it seamlessly solves the many problems associated with structured and unstructured data, delivering improved visibility and decision making along with outstanding results and ROI. The focus now is to leverage this momentum and continue to execute and deliver great results to the benefit of our customers and investors."
Boardwalktech management will be hosting its earnings conference call today (February 22, 2023)
To join the call, please use the following dial-in information:
As part of the Company's annual ongoing retention program and as allowed under the 2019 Equity Incentive Plan, as amended and approved by shareholders on June 2, 2022, the Company has granted an aggregate of 220,000 Restricted Stock Units ("RSU's") to new employees, advisors, and independent contractors of the Company. These grants will be deemed effective as of February 28, 2023.
Boardwalktech has developed a patented Digital Ledger Technology Platform currently used by Fortune 500 companies running mission-critical applications worldwide. Boardwalktech's digital ledger technology and its unique method of managing vast amounts of structured and unstructured data is the only platform on the market today where multiple parties can effectively work on the same data simultaneously while preserving the fidelity and provenance of the data. Boardwalktech can deliver collaborative, purpose-built enterprise information management applications on any device or user interface with full integration with enterprise systems of record in a fraction of the time it takes other non-digital ledger technology-based platforms. Boardwalktech is headquartered in Cupertino, California with offices in India and operations in North America. For more information on Boardwalktech, visit our website at www.boardwalktech.com.
This press release contains certain "forward-looking information" within the meaning of applicable Canadian securities legislation and may also contain statements that may constitute "forward-looking statements" within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Such forward-looking information and statements are not representative of historical facts or information or current condition, but instead represent only the Company's beliefs regarding future events, plans or objectives, many of which, by their nature, are inherently uncertain and outside of the Company's control. Generally, such forward-looking information or statements can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or may contain statements that certain actions, events or results "may", "could", "would", "might" or "will be taken", "will continue", "will occur" or "will be achieved".
By identifying such information and statements in this manner, the Company is alerting the reader that such information and statements are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance, or achievements of the Company to be materially different from those expressed or implied by such information and statements.
An investment in securities of the Company is speculative and subject to several risks including, without limitation, the risks discussed under the heading "Risk Factors" in the Company's filing statement dated May 30, 2018. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in the forward-looking information and forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended.
In connection with the forward-looking information and forward-looking statements contained in this press release, the Company has made certain assumptions. Although the Company believes that the assumptions and factors used in preparing, and the expectations contained in, the forward-looking information and statements are reasonable, undue reliance should not be placed on such information and statements, and no assurance or guarantee can be given that such forward-looking information and statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information and statements. The forward-looking information and forward-looking statements contained in this press release are made as of the date of this press release, and the Company does not undertake to update any forward-looking information and/or forward-looking statements that are contained or referenced herein, except in accordance with applicable securities laws. All subsequent written and oral forward- looking information and statements attributable to the Company or persons acting on its behalf is expressly qualified in its entirety by this notice.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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SOURCE BoardwalkTech
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2023-02-22 14:03:01
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Jaylin Williams Player Prop Bets: Thunder vs. Hornets - March 28
Jaylin Williams and his Oklahoma City Thunder teammates take on the Charlotte Hornets on Tuesday at 8:00 PM ET.
Below, we dig into Williams' stats and trends to help you pick out the best prop bets.
Jaylin Williams Prop Bets vs. the Hornets
Looking to bet on one or more of Jaylin Williams' player prop bets? Sign up at DraftKings with our link to get a first deposit bonus today!
Jaylin Williams Insights vs. the Hornets
- This season, he's put up 3.0% of the Thunder's attempted field goals, as he's averaging 4.9 per contest.
- He's attempted 2.3 threes per game, or 3.8% of his team's shots from beyond the arc this season.
- Williams' Thunder average 104.7 possessions per game, sixth-highest among NBA teams, while the Hornets have a middling offense in terms of tempo, ranking 10th with 101.4 possessions per contest.
- Conceding 117.1 points per game, the Hornets are the 22nd-ranked squad in the NBA on defense.
- Giving up 46.4 rebounds per game, the Hornets are the 29th-ranked team in the league.
- In terms of assists, the Hornets are ranked 18th in the league, conceding 25.8 per game.
- In terms of 3-pointers, the Hornets have allowed 12.4 makes per contest, 16th in the NBA.
Jaylin Williams vs. the Hornets
Want another way to try to win cash prizes? Add Williams or any of his Thunder teammates to your lineup in FanDuel Daily Fantasy NBA contests. Use our link to sign up and get a great offer for new users. (See website for offer details, not available in all areas.)
Not all offers available in all states. Please gamble responsibly. If you or someone you know has developed a gambling problem or addiction, contact 1-800-GAMBLER.
© 2023 Data Skrive. All rights reserved.
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2023-03-28 23:03:29
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Dog with 3 legs steals the hearts of animal control officers caring for him
LEXINGTON, Ky. (WKYT/Gray News) - A three-legged dog in Kentucky has stolen the hearts of the animal control officers taking care of him.
Officers with the Lexington-Fayette Animal Care and Control said they found the dog they call Doug near I-75 at Athens Boonesboro.
Doug was badly injured, and officials told WKYT he’s had just one of many needed surgeries.
“These are very significant injuries that he is going to have to overcome,” Sgt. Aaron Evans, of Lexington-Fayette Animal Care and Control, said.
Meghan Hawkins, who is with the Lexington Humane Society, said Doug has a long road to recovery.
“We see several weeks of surgeries ahead of that,” she said. “So he will go into foster care before he is available for adoption.”
Despite the hardship, officers said Doug is somehow still smiling.
Doug’s story is an all too familiar one for animal officers and those at the Lexington Humane Society.
“We have seen a rise in loose dogs, and it is hard to attribute it to one specific thing,” Evans said.
Pets looking for new homes come to the Humane Society, which relies entirely on private donations, grants and community support to function.
“We have lots of animals looking for homes and encourage people to come out, visit with them and hopefully take one home such as Doug,” Hawkins said.
Doug isn’t expected to be available for adoption until after his recovery, according to officials.
Copyright 2023 WKYT via CNN Newsource. All rights reserved.
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https://www.kxii.com/2023/02/19/dog-with-3-legs-steals-hearts-animal-control-officers-caring-him/
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2023-02-19 19:42:23
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https://www.kxii.com/2023/02/19/dog-with-3-legs-steals-hearts-animal-control-officers-caring-him/
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Celsius class-action settlement could get you $250
(CNN) – Celsius energy drinks have skyrocketed in popularity in recent years.
Now, the drink company has settled a class-action lawsuit over claims about its ingredients.
Celsius had promoted its beverages as being free of preservatives, but it turns out the products contain citric acid.
The company said the citric acid is used as a flavoring and not as a preservative, but it reached a settlement “to avoid the expense and risks of the lawsuit.”
If you bought a Celsius beverage or mix between Jan. 1, 2015, and Nov. 23, 2022, you can get a payout.
You’ll need proof of purchase, such as a receipt, to receive up to $250. Without a receipt, you can still get a $20 payment.
You have until Feb. 13 to submit a claim. You can visit Celsius’ class-action settlement website for more information.
Copyright 2023 CNN Newsource. All rights reserved.
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https://www.wibw.com/2023/01/30/celsius-class-action-settlement-could-get-you-250/
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2023-01-30 19:24:25
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Pregnancy can make you feel hotter than usual, which makes summer temperatures a challenge. This is due to a number of factors, including increased blood volume, hormonal changes and the additional weight carried during pregnancy, particularly in the later stages.
But, you don’t have to resign yourself to feeling uncomfortably hot until the weather cools down. You can keep yourself cool in a number of ways during a summer pregnancy.
Shop this article: Women’s Maternity Scoop Neck Tiered Midi Dress, Curie Secret Fit Over the Belly Slim Ankle Maternity Work Pants and Simple and Opulence Linen Sheet Set
What keeps you cool during a summer pregnancy?
Lightweight clothing
Wearing loose, lightweight maternity clothing made from natural, breathable materials will leave you feeling significantly cooler. Opt for natural materials, such as linen and cotton, but consider that cotton comes in various weights. Some cotton garments are hotter than others. Most people also feel cooler in light colors, though it doesn’t make a significant amount of difference.
Natural bedding
Bedding made of linen or cotton is much cooler to sleep under than bedding made from polyester or other synthetic materials. That said, you can find some heavy cotton bedding, such as cotton flannel and cotton jersey sheets.
Fans
Carrying a portable personal fan or donning a wearable fan can make a huge difference to how warm you feel when out and about. At home, tower fans and personal air conditioners are great for cooling off if you don’t have air conditioning.
Cold compresses
Applying a cold compress to your forehead and abdomen is helpful in cooling you down when you feel uncomfortably warm. You can make a cold compress from a wet washcloth, a refrigerated gel pack or a hot water bottle filled with cold water and chilled in the fridge.
Other tips to stay cool while pregnant
Stay hydrated
Drinking plenty of water on hot days will not only make you feel cooler but will keep your body hydrated, which is important for you and the baby.
Avoid the sun
While it isn’t always possible, it’s best to stay out of the sun as much as you can, especially between the hours of 11 a.m. and 3 p.m., when it’s at its strongest. You can keep the inside of your home cooler by drawing the curtains.
Change your exercise routine
Although it’s good to exercise while pregnant, you may need to change up your routine to something less strenuous to keep from overheating. Swimming, aqua aerobics and other forms of exercise done in water are ideal in the hot weather.
Eat more cold meals
Cooking significantly heats up a home, which can be unbearable on a hot summer’s day. Not to mention that simply eating hot food can make you feel warmer. Try eating more cold meals, such as salads and wraps. When you cook hot food, consider eating things that require less time and heat to prepare, such as foods that can be cooked in a microwave or electric pressure cooker.
Take it easy
Pregnancy doesn’t have to slow you down, but you shouldn’t feel bad about taking it easy when you need to. Your body is undergoing huge changes and it’s only natural that you’ll sometimes need more rest, especially on hot days when everyone is feeling more tired.
Best light clothing and bedding
Women’s Maternity Scoop Neck Tiered Midi Dress
This loose, flowing linen maternity dress is the ideal cut and material for staying cooler. It looks great, too, so you can simultaneously beat the heat and look chic.
Sold by Macy’s
Curie Secret Fit Over the Belly Slim Ankle Maternity Work Pants
Made from a crisp, airy linen-rayon blend, these cropped maternity pants are breathable and comfortable on hot days. They have a pull-on design and a waistband that sits under the belly for support.
Sold by Macy’s
Simple and Opulence Linen Sheet Set
Thanks to their 100% linen material, the sheets in this set are extremely light and breathable, feeling delightfully cool to sleep under. If you’re struggling to fall asleep or stay asleep due to the heat, these can help significantly.
Sold by Amazon
Best fans
It’s easy to cool off while out of the house with this USB rechargeable personal fan. It has two speeds, so you can adjust it to meet your needs. It comes in black, white, blue, yellow and pink.
Sold by Amazon
O2 Cool Battery Powered Personal Fan
While it may not be the most stylish of gadgets, you can wear this fan on a lanyard to cool your face and neck. It runs on two AA batteries, which last a long time before they need replacing.
Sold by Amazon
Honeywell QuietSet Whole Room Tower Fan
This tower fan does a great job of cooling whole rooms, which is perfect if you don’t have A/C or you’re trying to keep your energy bills down. It runs quietly and has eight speeds to choose from.
Sold by Amazon
Best water bottles
Iron Flask Sports Water Bottle
You can choose from a range of sizes between 14 and 64 ounces, depending on your hydration needs. The vacuum insulation keeps drinks cool in this sports water bottle for up to 24 hours, which is great news on a hot day.
Sold by Amazon
Pop Design Stainless Steel Vacuum Insulated Water Bottle
Available in 17- or 25-ounce sizes, this water bottle lets you carry plenty of water, without being overly large. It comes in black, silver and teak wood finishes and keeps drinks cool for up to 24 hours.
Sold by Amazon
Best cold compresses
Although it’s sold as an ice pack, you can chill it in the fridge, rather than the freezer, to act as a more gentle cold compress. You can choose from medium, large and extra-large sizes.
Sold by Amazon
Relief Pak Classic Red Rubber Hot Water Bottle
Filled with cold water and chilled in the fridge, you can use this hot water bottle to cool you down on a hot day. It’s easy to fill and has a secure cap so it won’t leak.
Sold by Amazon
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2023-06-25 20:13:15
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TOPOCK, Ariz. (AP) — A freight train carrying corn syrup – not hazardous materials – derailed in western Arizona, near the state’s border with California and Nevada, BNSF Railway said.
Railway spokesperson Lena Kent said there were no injuries in the derailment near Topock and, according to preliminary reports, no hazardous materials involved.
A spokeswoman for the Mohave County Sheriff’s Office, Anita Mortensen, said that she was not aware of any spills or leaks.
The cause of the derailment of approximately eight cars is under investigation, Kent said in a statement.
The main track is blocked and Kent said it is not known when it will be reopened.
The derailment comes amid heightened attention to rail safety nationwide following a fiery derailment last month in Ohio and a string of derailments since then that have been grabbing headlines, including ones in Michigan, Alabama and other states.
In Arizona, Mortensen had earlier said the train was carrying hazardous materials. The derailment occurred near milepost 9 of Interstate 40, Mortensen said, which is a rural, nonresidential area about 20 miles (32 kilometers) north of Lake Havasu City.
The sheriff’s office had notified the National Transportation Safety Board and BNSF, the two entities that she said would be responding to the accident.
The NTSB also did not respond to requests for comment.
Last month, a freight train carrying hazardous chemicals derailed in East Palestine, Ohio, near the Pennsylvania border, igniting a fire and causing hundreds of people to be evacuated.
Officials seeking to avoid an uncontrolled blast intentionally released and burned toxic vinyl chloride from five rail cars, sending flames and black smoke high into the sky. That left people questioning the potential health impacts even as authorities maintained they were doing their best to protect people.
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The story has been updated to correct that the derailment involves train carrying corn syrup, not hazardous material, according to the railway.
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2023-03-17 09:01:21
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WASHINGTON, Sept. 12, 2022 /PRNewswire/ -- Riverside Research, a national security company, announces win of the National Air and Space Intelligence Center (NASIC) A&AS Contract. The $200M, five-year, single-award contract provides Center-wide advisory services enabling research and development, acquisition, sustainment, and intelligence production.
Riverside Research has been an active mission partner to NASIC for over twenty years, providing independent and unbiased advisory support, R&D reachback to mission-relevant laboratories, and insight into cutting-edge academic research. This contract enables Riverside Research to continue supporting NASIC in its advancement of technologies and the production of intelligence to enhance national security.
"We are honored to continue our tremendous partnership with NASIC in advancing its mission by providing expertise to solve national security challenges," said Riverside Research President and CEO, Dr. Steven Omick.
To support the NASIC contract, Riverside Research employs a range of subject matter experts in multiple competencies, including remote sensing, artificial intelligence, engineering and scientific disciplines, program management and acquisition support, strategic planning, and intelligence production.
Riverside Research is a nonprofit organization advancing scientific research in the interest of national security. Through the company's Open Innovation Center (OIC), it invests in multidisciplinary research, development, and encourages collaboration to accelerate innovation and advance science. Riverside Research's areas of expertise include AI/ML, Secure and Resilient Systems, Optics, Electromagnetics, Commercial ISR, and Collection Planning. Learn more at www.riversideresearch.org.
View original content to download multimedia:
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https://www.kxii.com/prnewswire/2022/09/12/riverside-research-wins-5-year-200m-nasic-contract/
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2022-09-12 19:52:40
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John Daly delivers another ride in PGA’s 1st round
By JIM VERTUNO
AP Sports Writer
TULSA, Okla. (AP) — John Daly produced yet another wild ride around a PGA Championship. The 56-year-old two-time major champion, whose booming drives propelled him to win the PGA in 1991, drove the hills and swales of Southern Hills in a golf cart the PGA allows him to use because of osteoarthritis in his right knee. First off the tee in the cool of morning, he quickly birdied the first hole and nostalgia was in the air. At least until a flurry of late bogeys hit and Daly ended the round in frustration.
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https://localnews8.com/sports/ap-national-sports/2022/05/19/john-daly-delivers-another-ride-in-pgas-1st-round/
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2022-05-20 01:12:13
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AUSTIN, Texas, June 6, 2023 /PRNewswire/ -- NinjaOne, a modern, cloud-native IT management platform for managed service providers (MSPs) and IT departments, today announced enhancements to NinjaOne Patch Management, delivering the latest automated patching solutions to maintain business operations and keep organizations secure.
Patching is a tedious, time-consuming task but also a critical step to secure modern IT environments, where technology experts are now required to manage more devices than ever because of the shift to remote and hybrid work. NinjaOne is simplifying the process with a new patching dashboard, automated Linux and MacOS patching improvements, and patch scheduling flexibility.
With NinjaOne Patch Management, companies can automatically patch any device from a centralized, easy-to-use console, and automate every step of the process, spending 90 percent less time patching.
They also now have access to:
- New patching dashboard – With this dashboard, customers can view the patch status for all their endpoints and immediately respond to failed or missed patches.
- Linux patching functionality – Customers now have easy deployment of operating system and third-party patches for common Linux distributions natively within the NinjaOne platform console.
- Mac third-party patching – Organizations can easily deploy patches for common third-party apps on MacOS devices to achieve clearer visibility into the patch status of all Mac endpoints.
- Patch scheduling flexibility – This allows for scheduled updates multiple times within a week and the ability to set recurring dates and skip months if necessary.
"NinjaOne has simplified the entire process of patch management allowing us to identify and remediate vulnerabilities and mitigate security issues," said Nesta Hayward, Director of Technology, National Fire and Safety. "We've also been able to automate the time-consuming task of patching, freeing up our teams to focus on more strategic initiatives and client relationships."
"Organizations today are constantly under threat, with hundreds of cyberattacks being reported each week," said Rahul Hirani, Senior Vice President of Product Management for NinjaOne. ". With these latest advancements, NinjaOne is delivering on our commitment to help customers easily patch Windows, Mac and Linux devices all from a single, centralized, easy-to-use platform."
About NinjaOne
NinjaOne is a leading unified IT management solution that simplifies the way IT teams work. With NinjaOne, MSPs and IT departments can automate, manage, and remediate all their endpoint management tasks within one fast, modern, intuitive platform, improving technician efficiency and user satisfaction.
Dayna Fried
dayna.fried@ninjaone.com
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https://www.mysuncoast.com/prnewswire/2023/06/06/ninjaone-debuts-patch-management-advancements-mitigate-security-vulnerabilities/
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2023-06-06 13:33:47
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(Motor Authority) — Dodge showcased its past, present, and future during Speed Week at the M1 Concourse in Pontiac, last week. CEO Tim Kuniskis held court over three nights of product unveilings, dubbed Current Muscle, Gateway Muscle, and Future Muscle.
Banking on one more year, Kuniskis reintroduced the 2023 Dodge Durango SRT Hellcat and multiple Challenger and Charger iterations of the final Dodge V-8s before production culminates at the end of 2023. Gateway Muscle showcased the 2023 Dodge Hornet small crossover in turbo-4 and plug-in hybrid variants. But the final night, Future Muscle, won the web with the launch of the stunning two-door Dodge Charger Daytona SRT Concept.
With a 1980s hair metal cover band rocking to a crowd of Dodge enthusiasts and automotive journalists, Kuniskis took time away from the party to talk with Motor Authority about the American performance brand’s current and electric future.
This interview has been edited for clarity.
2023 Dodge Durango SRT Hellcat
Why did the Dodge Durango Hellcat come back?
We had to change the (gas) tank, we had to change the software, we had to change the evaporative emission control system, and we had to change a lot of stuff to make it more than one model year. The reaction was beyond our expectations. We had 3k orders…for a very expensive UV, I couldn’t fill. Let’s be honest, it’s a publicly traded company. I have an obligation to the shareholders to make as much money as I can. So how do I look at shareholders and go, “Yeah I have 3k people willing to spend 85k for an SUV,” and I told them sorry, too bad? It’s a tough call, but at the same time, it’s not a very tough call. So I’m sorry that I made people mad but it’s two years later and because of the reaction and the 3k orders and the engineers had some time, and they got creative and figured it out.
We don’t sell a single car that anyone needs. If I have an opportunity to bring a car back to a market that people love, I have to do it. I don’t wanna piss anyone off, but if I have 3k orders cash in hand, I gotta do it.
With the supply constraints and reports of some dealers charging more, the release of the seven “Buzz model” Chargers and Challengers is going to be a free for all, isn’t it?
Well, I have no control over what dealer charges. But, if I put on my website where every single car is, now you know where all the cars are. So now you (the customer) can go anywhere, do anything, whatever you want. You can’t do that today.
How does the transition from gas models to electric vehicles affect Dodge dealers? What are the growing pains of the two-year wait until you release your first electric car?
During the two years I gotta keep selling all the cars I got, because I have a rabid passionate base of people who love these cars. Then I got other people who are like, “Hey, what are you doing for electrification? I’m interested. What are you bringing?” I gotta keep them both happy. The same thing is happening with dealers.
I’m going to give them so much time—that’s why we patented the stuff. Will the patents hold? I don’t know, I’m not a lawyer. But what I do know is I didn’t want to bring the car (Charger Daytona EV Concept) out in 2024 and say, “Hey it’s great, take my word for it.” I wanted to bring it out way in advance so you guys can all talk about it.
How does the Dodge Charger Daytona’s Fratsonic Chambered Exhaust work?
The noise that a car makes today is like a mystical thing for most people. It’s pretty simple. We spend months and millions of dollars tuning exhaust pipes to make them sound the way they sound. It becomes a trademark of the sound of your brand. The sound that your brain hears is the movement of air.
When we started working on this, I said, “What I want is a pipe organ”, and they said, “What are you drinking again?” You’ve all been to a cathedral and you’ve seen a pipe organ…and heard this amazing sound, and instantaneously whether you know or not your brain makes a connection between the pipes, the air, and the sound, and it makes sense. I said I want that. I want to take what makes sound in a car today, am I at idle, am I accelerating, how much pedal am I giving it, am I under extreme load, am I shifting…all of the stuff that changes the pitch and the tone and the volume of air that’s creating the sound of the car. I want to take all those inputs that all exist on an electric car and I want to feed those into an algorithm, then I want to take that and I want to move air. I want to take a transducer, I want to move a plenum, just like I’d move a piston, and that piston then moves air inside a tube. That tube then feeds a chamber, that chamber has chambers inside it, and then a huge ass exhaust pipe out the back.
Now what happens is you hear 126 decibels out the back of the car. The spatial difference between outside the car and behind you at movement is like the first time you ever went in and heard surround sound.
You mentioned the algorithm…what is the electronic component?
We take all those inputs, then have to translate if that were movement of air inside a gas engine, what would it sound like? That would be the sound of a V-8, but I don’t want that. We want it to sound modern, fresh, different, new. The reason we call it a Banshee is if you think about the screaming shrill of a banshee, it’s almost like a jet engine, but yet it’s not. It’s wicked but yet it’s not, but it’s a badass sound. You couldn’t live with that all the time. That’s your wide open, screaming, I’m on the highway, I’m getting on it sound. But when you let off of that, or when you’re shifting, or it’s burbling, or anything like that, it comes back to a tone. And that tone is what we believe is the game changer. The bass track of this sound is literally the cadence of the firing order of a Hemi V-8. It doesn’t sound like a V-8, but when you hear it, you’re like something is making me comfortable, something makes me feel like I’m OK with this. Yet, it sounds modern, fresh, and really cool.
Explain the multi-speed transmission in the Charger Daytona Concept.
Multi-speed is an electromechanical system. We’re shifting it mechanically with gears and we’re shifting it electronically. If you think about what happens today in a Hellcat, you’re going to complete a shift, slip a clutch, change a drum, and go into a different gear ratio in 250 milliseconds. What stops me from doing that in an EV? Absolutely nothing.
I can instantaneously pull out torque for 250 milliseconds and add torque back in to give you a shift. Will it make your car faster? No. Will it make your car way more fun to drive? Hell yeah.
You’re not going to say how many speeds?
No. Not done with it yet. Funny thing about it is the engineers will be the first to tell you. A single-speed EV is by far the most efficient. It’s amazing technology. Using multi-speeds is not going to make the car faster.
It’s going to make it heavier too.
It’s going to make it heavier, and it’s adding cost, and it’s adding development. But it’s also going to add way more fun to the car.
Multi-speed also gives me the advantage of taking advantage of more traction. So let’s just say, theoretically, if I had…an option for some really big, really sticky tires, and I could really launch the car hard, then multi-speed would really be a benefit. Theoretically. I mean. It’s a concept after all.
Of course. Theoretically. You guys haven’t done anything like that before.
No. That would be irresponsible.
2023 Dodge Hornet
What is different about the Dodge Hornet chassis from the related Tonale?
We tuned the engine differently, we tuned the transmission differently, we tuned the suspension differently, we tuned the steering differently.
We wanted it to feel more like a Dodge. We have a shift character we like, we like a certain speed and firmness, we like a certain firmness of the steering, we have certain expectations for our suspension especially when we get to something like the GLH (concept). But one of the other important things is now that we have Direct Connection, everything that we do we’re looking at it with an eye towards future modifications.
When we started working on this car we knew we wanted to have Direct Connection for a GLH. I could have done a GLH through Direct Connection and say, hey you need these halfshafts, you need this, you need that. It would have been a fortune. Or it’s single dollars to put it in the base car and give you the option to go up from there. Which, by the way, is the same thing we’re doing with the Daytona. We’re planning it all from day one.
What is the advantage of the three-link rear suspension on the Hornet and how is it different than the Tonale’s?
Mechanically and hardware, same, (but) all of the tuning is different. If you haven’t been involved in that it’s easy to discard that but it makes a huge difference. I’ve been driving those cars since the initial mules and from where they are today from where we started…after a year we’re getting into a space we’re really happy with.
That design was driven by the fact that we went with a much wider track (in the base platform).
2023 Dodge Charger and Challenger Last Call
What are you gonna miss when the Challenger and Charger and Durango end production as we know them?
I’m excited for the challenge going forward. These cars are amazing. I can say that. I own one, I invested my personal money in one. They’re great cars. But they’re unsustainable in today’s market. I hate to say it, but it’s a fact. So, If they’re unsustainable, it would be very easy for us to say Dodge can’t make it, Dodge can’t exist, Dodge can’t be what Dodge is, therefore let’s take our toys and go home.
What’s exciting to me is to look at the future and go OK, just like any racer, gimme the rule book and let me find the gray areas that I can exploit to bring you something fun that is a true Dodge. This has happened many times in the industry…as soon as you give them the better mousetrap everything changes. You don’t go from 5% EV to 30% EV without a better mousetrap. The onus is on us. It’s on the infrastructure, the policy makers gotta bring the infrastructure. And the car manufacturers gotta give you something better than what you have. Otherwise it’ll never work.
Dodge Charger Daytona Concept
What are the key characteristics moving Dodge forward into this next generation of vehicles?
Think about where we were a decade ago. Our top of the line car was 425 hp. We were outgunned in the horsepower war. We were bigger, heavier, and we didn’t handle, and we were severely outgunned in horsepower. Did we get a new car? Nope. Did we make the car lighter? Nope. We just kept tweaking the car.
Half of my volume is Pentastars (V-6 engines; Kuniskis made clear that sales numbers don’t favor Hellcats.) You’re buying into something bigger than the purchase of a car. That’s why we say performance is an attitude. Whether your car is propelled by a PHEV, gas, or electric (powertrain), it doesn’t matter. If I can give you the attitude and personality of something bigger than that car, it will be fine. If I can’t do that, then I fail and it doesn’t work.
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2022-09-08 23:49:00
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‘They were there for me’: Sacramento police surprise elderly man after his bike was stolen
By Orko Manna
Click here for updates on this story
SACRAMENTO (KCRA) — An elderly Sacramento man is back to cycling across the city after his bike was stolen a few weeks ago.
Cecil Quillan, 74, bikes everywhere, and it is his only way of getting around since he has a hard time walking. One day in early March, Quillan went to the CVS at 17th and K streets to pick up a few groceries, but when he came back outside, his locked bike was nowhere to be found.
“I was only in there a couple of minutes. I went out and they had snapped the cable with the bolt cutters,” Quillan said.
Sacramento police officers Joey Schock, Ken Napper and Pedro Vazquez were inside the CVS at the same time Quillan was, so Quillan asked them for help.
“We took a bike theft report for him. We viewed some camera footage to see if we could get any clues of what happened. We checked the area for the bike. Unfortunately, we were unable to locate it,” Schock said.
Schock and the other officers drove Quillan home so he could put his groceries away. Quillan said what happened next was a huge surprise: They brought him a brand-new bike.
“I couldn’t even believe that. That was really nice,” Quillan said.
Schock said he and the other officers contacted the Sacramento Police Department’s outreach team in order to get Quillan a new bike.
Police told KCRA 3 that in 2019, the department was awarded a $15,000 grant through the Union Pacific Railroad and a $10,000 grant through the Sacramento County District Attorney’s office, and those funds went toward purchasing approximately 150 bicycles, locks and helmets per year, which are given directly to community members in need.
In this case, Quillan was a community member in need.
“They were able to provide a bike for Cecil, so once we got all that situated, we went and picked it up and brought it back to him and were able to get him back something that he could use for transportation. It’s the right thing to do,” Schock said. “It was nice seeing how excited he was, because I know it was hard for him to get around.”
Now, Quillan is back on two wheels, and he is beyond thankful for the help he received.
“I can’t thank them enough. They were there for me,” Quillan said.
Please note: This content carries a strict local market embargo. If you share the same market as the contributor of this article, you may not use it on any platform.
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https://localnews8.com/news/2023/04/06/they-were-there-for-me-sacramento-police-surprise-elderly-man-after-his-bike-was-stolen/
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2023-04-06 18:59:02
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John King passes ‘Inside Politics’ torch to Dana Bash as he takes on a new assignment at CNN
By Oliver Darcy
John King will take on a new role at CNN and step down as the anchor of “Inside Politics,” handing the torch to Dana Bash, who will take over as anchor of the esteemed program later this year, the news network announced Thursday.
King, who also serves as CNN’s chief national correspondent, will take on a new role focused on voters in battleground states during the 2024 presidential election.
“This is my ‘back to the future’ dream assignment,” King said in a statement. “It is my tenth presidential cycle and, given the stakes, I felt it was time to get back to my roots reporting across the country.”
King, who requested the new assignment, will continue to play a key role in CNN’s election and special coverage.
Bash said that she is “thrilled” to be taking over as the anchor of “Inside Politics,” which airs daily at 12 p.m. ET.
“After nearly 30 years at CNN covering campaigns, Capitol Hill and the White House, I am excited to helm a program devoted to the politics that impact Americans’ lives,” Bash said. “John built an extraordinary show that has attracted a loyal audience of political junkies, and I am looking forward to leading its next chapter.”
Bash will continue to serve as the co-anchor of “State of the Union” with Jake Tapper. Abby Phillip will continue to helm “Inside Politics Sunday.”
The development marks the latest programming changes to CNN in recent months, as Chris Licht, who took over as chief executive last year, works to put his stamp on the network.
Earlier this week, CNN announced veteran anchor Don Lemon would exit the channel. Lemon, who was a staple in the network’s prime time lineup, most recently co-hosted “CNN This Morning” alongside Poppy Harlow and Kaitlan Collins.
CNN also this month launched “CNN News Central,” two three-hour shows that comprise the majority of the network’s dayside lineup. Each show features three anchors in a large studio, placing an emphasis on large graphics and getting the on-screen talent out from behind the anchor desk.
Meanwhile, the network continues to work on its prime time lineup. CNN has been without a regular 9 p.m. host since anchor Chris Cuomo was fired in 2021. The network announced earlier this month that Charles Barkley and Gayle King will host a weekly prime time weekday show starting later this year.
The-CNN-Wire
™ & © 2023 Cable News Network, Inc., a Warner Bros. Discovery Company. All rights reserved.
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https://localnews8.com/news/2023/04/27/john-king-passes-inside-politics-torch-to-dana-bash-as-he-takes-on-a-new-assignment-at-cnn/
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2023-04-27 13:47:31
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By Setting Qualification & Approval Expectations Upfront, the Advisor Credit Exchange Further Simplifies Access to an Easy, Quick Way to Achieve Liquidity Without Selling Assets
BERWYN, Pa., May 11, 2023 /PRNewswire/ -- The Advisor Credit Exchange (ACE) has rolled out updates to its unified lending platform, ACx, making it easier for financial advisors to identify signature loans to be part of a diversified credit portfolio for helping clients obtain short-term, immediate liquidity.
Signature loans don't require borrowers to pledge collateral. Instead, borrowers only need to sign that they agree to repay the loans over the designated period. ACE provides advisors with access to signature loans from high-quality lenders, which can potentially meet the needs of clients with a broad spectrum of credit profiles. Advisors can also receive on-demand support from subject matter experts and credit coaches who can help them fully integrate lending into their practices and value propositions.
The updates to ACE's signature loan offering empower advisors to:
- Set Qualification Expectations: The ACx platform can further identify which types of signature loans and terms clients would most likely qualify for.
- Make Best-Fit Proposals: Armed with the upfront pre-qualification, advisors can help clients identify the signature loan that would best meet their particular needs.
"These enhancements can give advisors and their clients a liquidity option that does not require a sale of, or pledging of, assets," said Peter Stanton, Chief Executive Officer of Advisor Credit Exchange. "Finding providers of signature loan options, along with competitive rates and execution, is often challenging and time-consuming for advisors. Upfront pre-qualification, combined with best-practices sales and approval support within an easy-to-use, holistic credit ecosystem, empowers advisors to navigate the complexities of lending while delivering a positive client experience."
The updates to ACE's signature loan offering are also available to advisors that utilize the Envestnet Credit Exchange, which is powered by ACx technology.
Leveraged together, ACE's signature (unsecured), residential real estate, and securities-backed loans enable advisors to address a significant financial need typically unmet by traditional asset management practices. To learn more, advisors can reach out to ACE at https://advisorcreditexchange.com/contact/.
About Advisor Credit Exchange, LLC
The Advisor Credit Exchange (ACE) is a technology-empowered network that brings together lenders and wealth managers, enabling investment firms and advisors to deliver financing solutions to build their clients' net worth and meet their financial goals. By integrating liability management with asset management and protection solutions, ACE has created new opportunities for advisors to help clients achieve financial wellness.
For more information on the Advisor Credit Exchange, please visit www.advisorcreditexchange.com.
Envestnet, Inc. has a financial interest and occupies board of director positions in the Advisor Credit Exchange. ACE provides lending solutions to advisors and their clients via the Envestnet platform through Envestnet's affiliate, Envestnet Financial Technologies.
About Envestnet
Envestnet is transforming the way financial advice is delivered through an ecosystem of technology, solutions, and intelligence. By establishing the connections between people's daily financial decisions and long-term financial goals, Envestnet empowers them to make better sense of their finances and live an Intelligent Financial Life™. With $5 trillion in platform assets, approximately 106,000 advisors, 16 of the 20 largest U.S. banks, 47 of the 50 largest wealth management and brokerage firms, more than 500 of the largest RIAs, and thousands of companies depend on Envestnet technology and services to help drive better outcomes for their businesses and for their clients.
Envestnet refers to the family of operating subsidiaries of the public holding company, Envestnet, Inc. (NYSE: ENV). For more information on Envestnet, please visit www.envestnet.com and follow us on Twitter (@ENVintel).
Neither ACE nor Envestnet offer a loan product or make lending decisions. The funding and administration of all loans is undertaken by separate and unaffiliated financial institutions.
Media Contact:
Dana Taormina
ace@jconnelly.com
View original content:
SOURCE Advisor Credit Exchange LLC
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https://www.mysuncoast.com/prnewswire/2023/05/11/ace-enhances-signature-loan-offering-giving-advisors-even-greater-confidence-their-credit-capabilities/
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2023-05-11 12:57:21
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WESTWOOD, Mass., Oct. 28, 2022 /PRNewswire/ -- Heritage Financial Services is proud to be recognized by Forbes as one of America's Top RIA Firms.
"Early in our history, Heritage Financial embraced the importance of the Registered Investment Advisor structure and our status as a fiduciary, focused on being free of potential conflicts of interest and always doing what is in the best interest of our clients. We are pleased to see Forbes establish a ranking for firms like Heritage, and honored to be included in their inaugural list", says Founder and CEO, Chuck Bean.
Heritage Financial is an independent wealth management firm focused on providing personalized financial advice and experienced investment management to affluent families. Earlier this year, Heritage Financial and Chuck Bean were recognized by Barron's as a Top 100 Independent Advisor, Top 1200 Financial Advisor, ranked #2 on the Forbes Best-In-State Wealth Advisors list for Massachusetts, and as a Top Registered Investment Advisor by Financial Advisor Magazine.
Heritage Financial Services is an independent wealth management firm with approximately $2 billion in assets under management. Heritage works closely with affluent families by coordinating and managing all aspects of their wealth, retirement, and financial security. Driven by core values of teamwork, integrity, and excellence, the team builds lifelong relationships with clients and their other trusted advisors to help simplify, organize, and instill confidence in their often-complex financial lives.
Media Contact:
HFSMedia@heritagefinancial.net
Phone: 781-619-1349
www.heritagefinancial.net
View original content to download multimedia:
SOURCE Heritage Financial Services
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https://www.wibw.com/prnewswire/2022/10/28/heritage-financial-recognized-one-americas-top-ria-firms/
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2022-10-28 14:24:11
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AUBURN HILLS, Mich., Oct. 28, 2022 /PRNewswire/ --
- Derek and Hannah Jeter will appear in Grand Wagoneer's new campaign "Eyes Wide Open" as part of multi-year partnership
- Multi-faceted "Eyes Wide Open" marketing campaign, running across North America, launches today (Oct. 28) with a 60-second national spot during the first game of world championship baseball series
- 360-degree marketing campaign includes television, social media and digital media channels and future print extensions
- In addition to the 60-second launch video, the campaign will feature 30-second and 15-second video content running across multiple media platforms
Celebrated baseball player and American sports icon Derek Jeter will star with his wife, fashion model and television host Hannah Jeter in the Grand Wagoneer's new "Eyes Wide Open" campaign as part of a long-term partnership. The 60-second launch spot, "Eyes Wide Open," will debut during the first game of the world championship baseball series this evening. The 60-second "Eyes Wide Open" video can be viewed here.
The Grand Wagoneer campaign will run in North America across television, social media and digital media channels, including future print extensions. In addition to the 60-second launch spot, the campaign will include 30-second and 15-second video content featuring Derek and Hannah, running across multiple media platforms.
"Derek is more than an American sports legend whose grit, talent and determination propelled him to achieve the highest heights of professional success. He is also a businessman, family man and a force in popular culture," said Olivier Francois, chief global marketing officer, Stellantis. "Together with Hannah, a former tennis athlete who is a successful fashion model and television host in her own right, they have three young children and embody the American dream. As the Jeter family builds the next chapter of their legacy, the Grand Wagoneer will help take them there as part of our long-term relationship."
"Family means everything to both Hannah and me," said Derek Jeter. "Valuing the time we spend together and working to achieve the goals we set together are critically important, and those are priorities that have been imprinted on me from the example my parents set. I was raised in a city not far from where the Grand Wagoneer is built in Michigan, and this partnership means a lot to me to tap into that rich history and share it with our children."
"Between school drop-offs and daily life, we spend a lot of time together as a family on the road," said Hannah Jeter. "We wanted a vehicle that was authentic to our needs. The Grand Wagoneer will give us all of that, and so much more."
"Wagoneer is steeped in American history, technology and sophistication that supports our customers' active lifestyle," said Jim Morrison, senior vice president and head of Jeep brand North America. "The Grand Wagoneer Obsidian driven by Derek and Hannah Jeter embodies American authenticity with an interior that has artisan levels of craftsmanship. And with the all-new Hurricane Twin Turbo 510 engine, delivering 510 horsepower and 500 lb.-ft. of torque, the Grand Wagoneer offers the power, range and dynamics that everyone, including one of America's most celebrated ballplayers, can truly appreciate."
The Jeter family spends a lot of time together, documented on the couple's social media channels, including time driving around Miami and New York and Derek getting his fingernails painted by his daughters. (The Jeter children are portrayed by actors in the "Eyes Wide Open" television campaign.)
The "Eyes Wide Open" video includes voice-over, noting:
"Ever wonder why they call it the American dream …
And not the American goal?
Or the American plan?
Maybe it's because in dreams, you can do anything.
You can be reborn in the motor city …
And rise up in the city that never sleeps.
You can turn time inside out, again and again.
In dreams, you can hold your entire world in the palm of your hand.
And you can do it all with your eyes wide open."
The Grand Wagoneer "Eyes Wide Open" campaign was filmed on the streets of New York City, including Greenwich Village, in addition to upstate New York. The campaign was created in partnership with Highdive agency in Chicago.
Wagoneer
Wagoneer returns as a premium extension of the Jeep® brand while continuing its legacy as the original premium SUV. Building on a rich heritage of premium American craftsmanship while offering a new level of comfort, legendary 4x4 capability and customer service, Wagoneer forges a new path – one that defines the new standard of sophistication, authenticity and modern mobility. Offering a unique and premium customer service experience, Wagoneer delivers warm, capable, innovative and authentic vehicles with premium design cues and technology to a new, distinctive and successful array of customers. Combining these attributes with strong SUV credentials, the Wagoneer and Grand Wagoneer build on the original premium SUV by defining the next generation of an American icon. Stellantis offers a portfolio of brands and is a leading global automaker and mobility provider. For more information regarding Stellantis (NYSE: STLA), please visit www.stellantis.com.
Follow Wagoneer and company news and video on:
Company blog: https://blog.stellantisnorthamerica.com
Media website: http://media.stellantisnorthamerica.com
Consumer website: www.wagoneer.com
Facebook: www.facebook.com/wagoneer or https://https://www.facebook.com/StellantisNA
Instagram: www.instagram.com/wagoneer or www.instagram.com/StellantisNA
Twitter: www.twitter.com/Wagoneer or https://twitter.com/StellantisNA
YouTube: www.youtube.com/thejeepchannel or www.youtube.com/user/PentastarVideo
View original content to download multimedia:
SOURCE Stellantis
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https://www.kxii.com/prnewswire/2022/10/29/derek-hannah-jeter-sign-long-term-partnership-with-grand-wagoneer/
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2022-10-29 01:40:10
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US, Iran fans mingle in Qatar ahead of World Cup clash
DOHA, Qatar (AP) — Smiling U.S. and Iranian fans mingled and posed for photos outside a stadium in Doha ahead of a politically charged World Cup match on Tuesday.
The atmosphere was generally festive though the political divisions among Iran fans were apparent outside Al Thumama Stadium, as they have been during previous Iran games during the tournament, with pro-government fans confronting those expressing support for the anti-government protests across Iran.
Two London-based Iranians, wearing T-shirts with the slogan of protests, were repeatedly harassed while talking to an Associated Press journalist on Tuesday. One of them, who identified herself as Maryam, received a grazing slap to the face by an Iranian man following her. Security guards got between them, but did not detain the man who slapped her.
Other men blew vuvuzelas at the two or filmed them. One man shouted at them in Farsi “why don’t you think Iran is good?”
Maryam, who like other Iran fans declined to give her last name for fear of government reprisals, said her friends were similarly harassed at Iran-Wales match on Friday.
“They can’t stop us. People are getting killed and I’m not going to get stopped by some random guy. I’m not afraid of them,” she said.
Dalia, an 18-year-old Iranian from the southern city of Ahvaz who attended the game with her parents, said Tuesday’s match had exposed divisions within her family between those still committed to supporting Iran’s national team and others who reject the players as tools of the government.
The Iranian players in Qatar have declined to comment or made vague statements about the protests in Iran, which were sparked by the death of a 22-year-old woman while in the custody of Iran’s morality police.
“It’s so sad for me because I want to support them so badly but I just can’t,” Dalia said.
Mehrdad and Eli from Arizona brought pictures of the young women killed in Iran’s protests to the match. But holding them up invited harassment, they said, so Eli kept them in her purse. They described a deep sense of unease at the stadium.
“I feel like I am surrounded by IRGC agents,” said Mehrdad, referring to the country’s powerful Revolutionary Guard. “Everybody’s watching you.”
Elsewhere, U.S. and Iranian fans appeared unfazed by the tensions between the two countries, posing together for photos.
The two teams have played in a World Cup once before, in 1998 in France, when Iran beat the U.S. 2-1.
“It has been amazing to see Americans. They are so friendly,” said Yas, a 14-year-old Iran fan from the city of Shiraz. “I hope this is a chance for people to connect and share their cultures peacefully.”
Her older sister had an X written with a black marker over her lips.
“She’s doing that to show we all can’t talk about the politics in our country,” Yas said.
The latest protests mark one of the biggest challenges to Iran’s ruling clerics since the 1979 Islamic Revolution that brought them to power. Rights groups say security forces have unleashed live ammunition and bird shot on the protesters, as well as beating and arresting them, with much of the violence captured on video.
At least 452 protesters have been killed and more than 18,000 detained since the start of the unrest, according to Human Rights Activists in Iran, a group that has been monitoring the protests.
Two former members of the national soccer team arrested this month in connection with the protests have been released on bail.
Parviz Boroumand, a retired goalkeeper, was arrested nearly two weeks ago on charges of participating in protests in the capital, Tehran, and was accused of damaging property. Voria Ghafouri was arrested last week for “insulting the national soccer team and propagandizing against the government,” according to state-linked media.
___
Associated Press writer Ciaran Fahey contributed to this report.
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AP World Cup coverage: https://apnews.com/hub/world-cup and https://twitter.com/AP_Sports
Copyright 2022 The Associated Press. All rights reserved.
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Scattered snow and rain showers for late Monday and parts of Tuesday
An area of low pressure is currently heading through Idaho, moving into Utah. We have Thunderstorms this evening, along with gusty winds. As temps drop, we’re looking to see some rain turning over to snow. The shower threat will slowly end through the day, for Tuesday.
Tonight, overnight lows around 32°, with winds at 15-25 mph.
Tuesday, it will be partly cloudy by the afternoon with exiting showers. Daytime highs in the upper 50’s to the lower 60’s.
High pressure will start to work back in, with a gradual warming trend and mostly sunny skies.
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https://localnews8.com/weather/local-forecast/2023/04/24/scattered-snow-and-rain-showers-for-late-monday-and-parts-of-tuesday/
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2023-04-24 23:08:47
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NEW YORK, March 28, 2023 /PRNewswire/ -- In a decision that ends decades of below-market rates for songwriters, composers and publishers in the live concert industry, the Honorable Louis L. Stanton of the Southern District of New York today issued a decision in favor of BMI in its rate court dispute with Live Nation, AEG and the North American Concert Promoters Association (NACPA). As a result, BMI affiliates will receive a rate that is 138% higher than the historical rate. And just as important, Judge Stanton ruled that this new rate will be applied to an expanded revenue base, taking into account the way modern promoters monetize concerts. This includes tickets sold directly onto the secondary market, servicing fees received by the promoters and revenues from box suites and VIP packages.
Mike O'Neill, BMI's President & CEO, stated:
"This is a massive victory for BMI and the songwriters, composers and publishers we represent. It will have a significant and long-term positive impact on the royalties they receive for the live concert category. We are gratified the Court agreed with BMI's position that the music created by songwriters and composers is the backbone of the live concert industry and should be valued accordingly. Today's decision also underscores BMI's continued mission to fight on behalf of our affiliates, no matter how long it takes, to ensure they receive fair value for their creative work.
While we're thrilled with this outcome, we find it incredibly disappointing that it took millions of dollars and years of litigation to get Live Nation, AEG and NACPA to finally pay songwriters, composers and publishers what they deserve."
ABOUT BMI:
Celebrating over 80 years of service to songwriters, composers, music publishers and businesses, Broadcast Music, Inc.® (BMI®) is a global leader in music rights management, serving as an advocate for the value of music. BMI represents the public performance rights in over 20.6 million musical works created and owned by more than 1.3 million songwriters, composers, and music publishers. The Company negotiates music license agreements and distributes the fees it generates as royalties to its affiliated writers and publishers when their songs are performed in public. In 1939, BMI created a groundbreaking open-door policy, becoming the only performing rights organization to welcome and represent the creators of blues, jazz, country, and American roots music. Today, the musical compositions in BMI's repertoire, from chart toppers to perennial favorites, span all genres of music and are consistently among the most-performed hits of the year. For additional information and the latest BMI news, visit bmi.com, follow us on Twitter and Instagram @BMI, or stay connected through Broadcast Music, Inc.'s Facebook page. Sign up for BMI's The Weekly™ and receive our e-newsletter every week to stay up to date on all things music.
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SOURCE Broadcast Music, Inc.
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https://www.wibw.com/prnewswire/2023/03/29/bmi-wins-massive-victory-songwriters-composers-amp-publishers-live-concert-rates/
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2023-03-29 01:18:47
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https://www.wibw.com/prnewswire/2023/03/29/bmi-wins-massive-victory-songwriters-composers-amp-publishers-live-concert-rates/
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NEW YORK, Aug. 23, 2022 /PRNewswire/ -- The Klein Law Firm announces that a class action complaint has been filed on behalf of shareholders of Tuya Inc. (NYSE: TUYA) alleging that the Company violated federal securities laws.
This lawsuit is on behalf of all persons or entities who purchased Tuya American Depositary Shares in or traceable to the Company's March 2021 initial public offering.
Lead Plaintiff Deadline: October 11, 2022
No obligation or cost to you.
Learn more about your recoverable losses in TUYA:
https://www.kleinstocklaw.com/pslra-1/tuya-class-action-submission-form?id=31048&from=4
CLASS ACTION CASE DETAILS: The filed complaint alleges that Tuya Inc. made materially false and/or misleading statements and/or failed to disclose that: (a) a material portion of Tuya's China-based customers were engaged in the widespread and systematic manipulation of reviews and product offerings in violation of Amazon.com's terms of use; (b) prior to the initial public offering, a consumer investigation and data breach had exposed an illicit fake review scheme being perpetrated by many of Tuya's clients, among others, which included, inter alia, the exposure of 13 million records of organized fake review scams linked to over 200,000 Amazon account profiles; (c) as a result of (a) and (b) above, there was a substantial risk that a material portion of Tuya's significant customers would be barred from using Amazon.com's platform, negatively impacting Tuya's business, revenue, earnings, and prospects; and (d) as a result of (a)-(c) above, the registration statement's representations regarding Tuya's historical financial and operational metrics and purported market opportunities and expected growth did not accurately reflect the actual business, operations, financial results, and trajectory of the Company at the time of the initial public offering, and such statements were materially false and misleading and lacked a reasonable factual basis.
WHAT THIS MEANS TO YOU AS A SHAREHOLDER: If you have suffered a loss in Tuya you have until October 11, 2022 to petition the court for lead plaintiff status. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.
NO COST TO YOU: If you purchased Tuya securities during the relevant period, you may be entitled to compensation without payment of any out-of-pocket fees.
HOW TO PROTECT YOUR FINANCIAL INTERESTS: For additional information about the TUYA lawsuit, please contact J. Klein, Esq. by telephone at 212-616-4899 or click this link: https://www.kleinstocklaw.com/pslra-1/tuya-class-action-submission-form?id=31048&from=4.
ABOUT KLEIN LAW FIRM
J. Klein, Esq. represents investors and participates in securities litigations involving financial fraud throughout the nation. The Klein Law Firm is a boutique litigation firm with experience in a wide range of areas including securities law, corporate finance and commercial litigation. Since 2011, our experienced attorneys have achieved superior results for our clients with a personalized focus. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT:
J. Klein, Esq.
Empire State Building
350 Fifth Avenue
59th Floor
New York, NY 10118
jk@kleinstocklaw.com
Telephone: (212) 616-4899
www.kleinstocklaw.com
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SOURCE The Klein Law Firm
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https://www.kxii.com/prnewswire/2022/08/23/tuya-alert-klein-law-firm-announces-lead-plaintiff-deadline-october-11-2022-class-action-filed-behalf-tuya-inc-shareholders/
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2022-08-23 10:42:52
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ATLANTA (AP) — A special grand jury investigating efforts by then-President Donald Trump and his allies to overturn his 2020 election loss in Georgia says it believes “one or more witnesses” committed perjury and urged local prosecutors to bring charges.
Fulton County District Attorney Fani Willis should “seek appropriate indictments for such crimes where the evidence is compelling,” according to portions of the special grand jury’s final report that were released on Thursday.
Those sections are silent on key details, including who the panel believes committed perjury and what other specific charges should be pursued. But it marks the first time the grand jurors’ recommendations for criminal charges tied to the case have been made public. And it’s a reminder of the intensifying legal challenges facing the former president as he ramps up his third White House bid amid multiple legal investigations.
Trump is also under investigation by the U.S. Department of Justice for holding classified documents at his Florida estate.
The former president never testified before the special grand jury, meaning he is not among those who could have perjured themselves. But the report doesn’t foreclose the possibility of other charges, and the case still poses particular challenges for Trump, in part because his actions in Georgia were so public.
Trump and his allies made unproven claims of widespread voter fraud and berated Georgia Secretary of State Brad Raffensperger and Gov. Brian Kemp for not acting to overturn his narrow loss to President Joe Biden in the state.
Willis has said since the beginning of the investigation two years ago that she was interested in a Jan. 2, 2021, phone call in which Trump suggested to Raffensperger that he could “find” the votes needed to overturn his loss in the state.
“All I want to do is this: I just want to find 11,780 votes, which is one more than we have,” Trump said during that call. “Because we won the state.”
Trump has said repeatedly that his call with Raffensperger was “perfect,” and he told The Associated Press last month that he felt “very confident” that he would not be indicted. In a statement on Thursday, he continued to assert he did “absolutely nothing wrong.”
In fact, he claimed on his social media platform, Truth Social, that the release had give him “Total exoneration,” though it did no such thing and portions having to do with recommended charges are still secret.
State and federal officials, including Trump’s attorney general, have consistently said the election was secure and there was no evidence of significant fraud. After hearing “extensive testimony on the issue,” the special grand jury agreed in a unanimous vote that there was no widespread fraud in Georgia’s election.
The grand jury, which Willis requested to aid her investigation, was seated in May and submitted its report to Fulton County Superior Court Judge Robert McBurney on Dec. 15. The panel does not have the power to issue indictments. Instead, its report contains recommendations for Willis, who will ultimately decide whether to seek one or more indictments from a regular grand jury.
Over the course of about seven months, the special grand jurors heard from 75 witnesses, among them Trump allies including former New York mayor and Trump attorney Rudy Giuliani and U.S. Sen. Lindsey Graham of South Carolina. Top Georgia officials, such as Raffensperger and Kemp, also appeared before the panel.
Graham told reporters Thursday that he has not been contacted by authorities regarding his testimony. “I’m confident I testified openly and honestly,” he said.
The partial release of the grand jury’s report was ordered Monday by McBurney, who oversaw the special grand jury. During a hearing last month, prosecutors urged him not to release the report until they decide on charges, while a coalition of media organizations, including the AP, pushed for the entire report to be made public immediately.
McBurney wrote in his Monday order that it’s not appropriate to release the full report now because it’s important to protect the due process rights of people for whom the grand jury recommended charges.
While there were relatively few details in Thursday’s release, it does provide some insight into the panel’s process. The report’s introduction says an “overwhelming majority” of the information that the grand jury received “was delivered in person under oath.” It also noted that no one on the panel was an election law expert or criminal lawyer.
Based on witnesses called to testify before the special grand jury, it is clear that Willis is focusing on several areas. Those include:
— Phone calls by Trump and others to Georgia officials in the wake of the 2020 election.
— A group of 16 Georgia Republicans who signed a certificate in December 2020 falsely stating that Trump had won the state and that they were the state’s “duly elected and qualified” electors.
— False allegations of election fraud made during meetings of state legislators at the Georgia Capitol in December 2020.
— The copying of data and software from election equipment in rural Coffee County by a computer forensics team hired by Trump allies.
— Alleged attempts to pressure Fulton County elections worker Ruby Freeman into falsely confessing to election fraud.
— The abrupt resignation of the U.S. attorney in Atlanta in January 2021.
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Associated Press writer Kevin Freking contributed reporting.
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More on Donald Trump-related investigations: https://apnews.com/hub/donald-trump
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https://cw33.com/news/politics/ap-politics/ap-parts-of-georgia-special-grand-jury-report-to-be-released/
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2023-02-16 23:28:10
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https://cw33.com/news/politics/ap-politics/ap-parts-of-georgia-special-grand-jury-report-to-be-released/
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Carlos Correa has reversed course again, bringing him back to where he started in the most convoluted free-agent negotiation in baseball history.
Correa agreed Tuesday to a $200 million, six-year contract that keeps him with the Minnesota Twins after failing to complete deals with the New York Mets and San Francisco Giants, a person familiar with the negotiations told The Associated Press. The person spoke on condition of anonymity because no announcement was made.
The agreement for the All-Star shortstop could be worth $270 million over 10 seasons if Correa remains healthy. The contract is subject to a successful physical, and Correa was in the Minneapolis area on Tuesday for the physical, the person said.
More than 100 free agents negotiate contracts each offseason, and letters of agreement routinely are signed by agents and clubs that are subject to successful physicals. A player goes for exams and tests at a team-selected medical facility, club physicians review the results and the team finalizes the contract, which then is reported to Major League Baseball and the players’ association.
While 99% of deals follow that path, Correa and agent Scott Boras twice reached agreements that collapsed, an unprecedented twist for a star.
Correa agreed Dec. 13 to a $350 million, 13-year contract with the Giants, who scheduled a news conference a week later to announce the deal, then called off the announcement hours before it was set to begin over concerns with a right ankle injury Correa sustained in 2014.
Correa agreed that night to a $315 million, 12-year deal with the Mets, and high-spending owner Steve Cohen even confirmed the pending agreement. But the Mets also had concerns about the ankle after a Dec. 22 physical and held off finalizing the agreement while attempting to negotiate protections over the next two weeks.
The deal with the Twins reached Tuesday calls for an $8 million signing bonus, half payable next month and half in February 2024, and salaries of $32 million in each of the first two seasons, $36 million in 2025, $31.5 million in 2026, $30.5 million in 2027 and $30 million in 2028.
Minnesota’s deal includes team options for $25 million in 2029, $20 million in 2030, $15 million in 2031 and $10 million in 2032, salaries that would become guaranteed if Correa has 575 plate appearances in 2028, 550 in 2029, 525 in 2030 and 502 in 2031. The contract could be worth $225 million over seven seasons, $245 million over eight years and $260 million over nine seasons.
Correa’s options also could be triggered by a top-five finish in MVP voting, a Silver Slugger award or World Series or League Championship Series MVP. He gets a no-trade provision.
New York’s deal guaranteed $157.5 million over the first six seasons, the person said.
Following Correa’s December physical for New York, Mets chief legal officer Katie Pothier proposed that Correa be subject to an annual physical starting after the 2028 season. The physical would be directed by a doctor of the team’s choosing and Correa would have to demonstrate he was capable of physically performing to his top potential the following season offensively and defensively, the person said.
Pothier did not immediately respond to an email from the AP seeking comment.
While the guaranteed money kept decreasing in each successive agreement, the average annual value increased from $26.9 million with San Francisco to $33.3 million with Minnesota. New York’s deal originally would have guaranteed $210 million in the first eight seasons.
Correa left Houston and joined the Twins last offseason for a $105.3 million, three-year deal that included opt-outs after each season. He pulled out of the deal after making $35.1 million in 2022 to chase a longer-term contract.
Boras maintained last month that the player’s 2014 surgery to repair a broken right tibia should not have been an issue. Dr. Kevin Varner, chairman of the Department of Orthopedics at Houston Methodist Hospital, operated on Correa.
Boras in prior years had worked out medical issues in contracts for Ivan Rodriguez and Magglio Ordóñez with Detroit and for J.D. Drew and J.D. Martinez in Boston, specifying time on the injured list or a season-ending injury that would eliminate the guarantee.
Correa, the first overall pick in the 2012 amateur draft and the 2015 AL Rookie of the Year with Houston, has a .279 batting average with 155 homers and 553 RBIs in eight major league seasons. He also has been a stellar postseason performer with 18 homers and 59 RBIs in 79 games, winning a World Series title in 2017 with the Astros.
The two-time All-Star and 2021 Gold Glove winner raved about his time with Minnesota and how much he and his family enjoyed the community, maintaining all along the Twins were in the mix even with the bigger spenders pursuing him in a particularly lucrative offseason for shortstops. Xander Boegarts, Trea Turner and Dansby Swanson all struck it rich, too.
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AP Sports Writer Dave Campbell in Minneapolis contributed to this report.
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AP MLB: https://apnews.com/hub/mlb and https://twitter.com/AP_Sports
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2023-01-11 04:35:32
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LONDON, Oct. 12, 2022 /PRNewswire/ -- Lockton, the world's largest independent insurance brokerage, is announcing the creation of a new, industry-leading custody insurance facility available exclusively to its digital asset clients.
Developed by Lockton's Emerging Asset Protection (LEAP) team in collaboration with leading global custody insurers, the facility is supported by Lloyd's syndicates, together with highly rated insurance companies. This provides Lockton clients with market-leading policy wording and full access to London market capacity, estimated today to be in excess of $850 million for custody coverage.
Key benefits of Lockton's new facility include:
- Efficiency, including access to full market capacity for custody coverage, without the need for third-party surveys.
- Flexibility, including the ability to secure bespoke programs, incorporating various limits and cost structures, designed to work alongside an insured's existing and future risk management planning as it onboards custody of digital assets.
- A clear route to entry via a streamlined custody insurance underwriting process, managed by Lockton's experienced LEAP team members.
Traditionally available through the London market, custody insurance (sometimes called "cold storage" coverage) provides indemnity in relation to private keys stored in secure locations, including those that are part of a multiparty computation (MPC) solution or entirely "offline." In addition to providing coverage for the loss of assets, custody insurance plays a sizable role in risk mitigation by adding an extra layer of protection beyond technical and physical security for companies involved in the care, custody and control of digital assets or those providing technology to support custody solutions.
"Custody insurance plays a vital role in protecting consumer assets stored by third-party custodians and is an essential tool in the successful operation of many digital asset companies. Historically, securing that coverage has been difficult, often requiring complicated underwriting processes and the involvement of third-party surveys," said Neil Daly, head of Lockton UK's LEAP team. "Our new custody insurance facility makes it easier for companies operating in the digital asset ecosystem to build robust custody insurance programs, enabling them to better protect valuable digital assets and effectively serve their customers," he said.
"This facility represents a step forward in insurance coverage for businesses in the digital asset custody space," said Sarah Downey, head of Lockton's global LEAP team. "Our LEAP team's deep partnerships with both insurers and clients and our continued investment in and focus on innovation in this space, further exemplifies Lockton's long-term commitment to helping the digital asset ecosystem continue to grow.
Lockton's Emerging Asset Protection (LEAP) team is a specialized, global group of more than 35 Lockton Associates with a deep understanding of companies operating in the blockchain and digital asset space. LEAP team members around the world — including in the U.S., U.K., Bermuda, Asia and Australia — have insurance brokerage and claims expertise spanning all financial and management liability lines of coverage, including directors and officers liability, crime, specie, cyber, employment practices liability and errors and omissions, among others.
What makes Lockton stand apart is also what makes us better: independence. Lockton's private ownership empowers its 9,500+ Associates doing business in over 125 countries to focus solely on clients' risk, insurance and people needs. With expertise that reaches around the globe, Lockton delivers the deep understanding needed to accomplish remarkable results.
For 14 consecutive years, Business Insurance magazine has recognized Lockton as a "Best Place to Work in Insurance." Lockton was named among the 2021 Best Managed Companies by Deloitte and the Wall Street Journal, a program that recognizes excellence and honors private companies for their strategy, execution, culture, and financials. For more information, visit www.lockton.com.
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https://www.kxii.com/prnewswire/2022/10/12/lockton-launches-new-digital-asset-custody-insurance-facility/
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2022-10-12 15:42:47
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https://www.kxii.com/prnewswire/2022/10/12/lockton-launches-new-digital-asset-custody-insurance-facility/
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A global distributor of OneWeb aero service, Hughes offers LEO-only and Hybrid LEO+GEO satellite services for onboard connectivity
HAMBURG, Germany, June 5, 2023 /PRNewswire/ -- (Aircraft Interiors Expo, Booth 4C40) — Hughes Network Systems, an EchoStar (Nasdaq: SATS) company, and OneWeb, the low Earth orbit (LEO) satellite communications company, today announced a Distribution Partner agreement to provide LEO connectivity services to the global airline market. As a worldwide OneWeb distributor, Hughes is launching new LEO in-flight connectivity (IFC) solutions, powered by the company's electronically steered antenna (ESA), for airlines to deliver fast, low-latency and reliable passenger Wi-Fi.
"This latest agreement enables Hughes to bring the advantages of the OneWeb system – global reach, low latency, high speeds and enterprise-grade service – to airlines and select partners so they can meet the growing passenger demand for in-flight Wi-Fi," said Reza Rasoulian, vice president, Hughes. "Combining OneWeb service with our high-performance antenna and our expertise delivering managed services at scale, we're able to offer passengers worldwide an in-flight Wi-Fi experience that's as fast and responsive as they can get at home or in the office."
The new Hughes LEO In-Flight solutions include a LEO-only offering and an industry-first, patent-pending, hybrid solution that leverages Hughes Fusion™ technologies to transform any Geostationary orbit (GEO) aero service into a fast, low latency onboard Wi-Fi experience. Both are powered by the Hughes LEO antenna, which is a lightweight, low power, and low-profile ESA designed, developed, and manufactured by Hughes.
Commenting on the announcement at AIX, Ben Griffin, vice president mobility at OneWeb said "The best way to provide airlines and passengers with faster, more consistent and truly global broadband service is with a variety technologies and partnerships. Hughes is a trusted, strategic partner of OneWeb, and we're delighted to extend this partnership to include our aviation services. This agreement reinforces our industry-led approach which is resonating so well with airlines globally."
Today's agreement marks the latest development in the relationship between OneWeb and Hughes. Hughes engineered the gateways for the OneWeb ground network and also engineered and manufactures the core module used in every terminal in the system to power the LEO connectivity. A distribution partner for fixed satellite services across the Americas and India, Hughes also distributes OneWeb services to the U.S. Department of Defense. Hughes, through its parent company EchoStar, is an investor in OneWeb.
For more information about Hughes Managed LEO for aero connectivity or Hughes LEO In-Flight, visit www.hughes.com/InFlight.
Visit the Hughes booth 4C40 at the Aircraft Interiors Expo in Hamburg, Germany, June 6-8, to experience a live demonstration of the Hughes LEO In-Flight solution using OneWeb service.
About OneWeb
OneWeb is a global communications network powered from space, headquartered in London, enabling connectivity for governments, businesses, and communities. It is implementing a constellation of Low Earth Orbit satellites with a network of global gateway stations and a range of user terminals to provide an affordable, fast, high-bandwidth and low-latency communications service, connected to the IoT future and a pathway to 5G for everyone, everywhere. Find out more at http://www.oneweb.world.
About Hughes
Hughes Network Systems, LLC, an EchoStar (Nasdaq: SATS) company, provides broadband equipment and services; managed services featuring smart, software-defined networking; and end-to-end network operation for millions of consumers, businesses, governments and communities worldwide. The Hughes flagship internet service, HughesNet®, connects millions of people across the Americas, and the Hughes JUPITER™ System powers internet access for tens of millions more worldwide. Hughes supplies more than half the global satellite terminal market to leading satellite operators, in-flight service providers, mobile network operators and military customers. A managed network services provider, Hughes supports half a million enterprise sites with its HughesON™ portfolio of wired and wireless solutions. To learn more, visit http://www.hughes.com or follow HughesConnects on Twitter and LinkedIn.
©2023 Hughes Network Systems, LLC, an EchoStar company. Hughes and HughesNet are registered trademarks and JUPITER is a trademark of Hughes Network Systems, LLC.
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https://www.wibw.com/prnewswire/2023/06/05/hughes-launches-oneweb-leo-in-flight-solutions-airlines-worldwide-announces-global-distribution-partnership-with-oneweb/
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2023-06-05 15:39:32
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https://www.wibw.com/prnewswire/2023/06/05/hughes-launches-oneweb-leo-in-flight-solutions-airlines-worldwide-announces-global-distribution-partnership-with-oneweb/
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BlackLine: Q4 Earnings Snapshot
WOODLAND HILLS, Calif. — BlackLine: Q4 Earnings Snapshot
WOODLAND HILLS, Calif. — BlackLine: Q4 Earnings Snapshot
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https://localnews8.com/news/ap-national-business/2023/02/14/blackline-q4-earnings-snapshot/
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2023-02-14 22:03:06
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https://localnews8.com/news/ap-national-business/2023/02/14/blackline-q4-earnings-snapshot/
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Companies to combine license technology and proprietary equipment and services to offer optimized carbon capture plants for customers around the world
WICHITA, Kan., Oct. 18, 2022 /PRNewswire/ -- Koch Engineered Solutions (KES) has entered into a definitive strategic partnership agreement with ION Clean Energy (ION), a leading developer of the most effective and economic carbon dioxide (CO2) capture technology in the market today.
This partnership is focused on optimizing plant design in a variety of industries, coupling ION's world-class technology with subject matter experts within the companies that make up KES, including:
- Koch-Glitsch, a world leader in mass transfer equipment critical to achieving ION's CO2 capture performance
- Optimized Process Designs, a top EPC firm that provides customers with detailed engineering packages in multiple disciplines, single-point procurement for equipment and materials, fabrication and direct-hired construction services
- Koch Specialty Plant Services, a leader in onsite vessel fabrication and process critical equipment installation
"With our advantaged capabilities and ION's cutting-edge technology, we have a comprehensive package for industrial end users that can make CO2 capture a more energy-efficient and cost-effective option," said Ben Gurtler, commercial director of carbon capture, KES. "This is a win-win partnership, not only for KES and ION but also for our customers."
ION's technology has demonstrated transformational performance that is more effective and economical than current commercial CO2 capture solutions. ION is commercializing its proprietary liquid absorbent process and enabling technologies for use by large point sources, including natural gas and coal-fired power plants, as well as other industrial CO2 emitters such as hydrogen, cement, petrochemical, steel, and mining operations. Its solvent-based capture technology for post-combustion utility and industrial source applications helps reduce CapEx and OpEx, while capturing at least 95% of CO2 from stack emissions and flue gases.
Most recently, ION has been the technology of choice for U.S. Department of Energy-funded commercial Front-End Engineering Design (FEED) studies for CO2 capture systems at Tampa Electric Company's Polk Power Station and Calpine's Delta Energy Center. ION has also tested and proved its performance at the National Carbon Capture Center in Alabama and the CO2 Technology Centre Mongstad in Norway, the world's largest and most advanced CO2 capture test facility.
"This is a big next step. KES is bringing real solutions and scale to the table, and we are excited for our collaboration with them," said ION CEO Buz Brown. "We look forward to a mutually beneficial long-term relationship that helps both our companies and the customers we serve, delivering commercial-ready solutions that expand carbon capture technologies in industries throughout the world."
ION was founded in 2008 in Boulder, Colorado, with the focus of developing carbon dioxide capture technologies to reduce overall costs and make CO2 capture a more viable option for greenhouse gas mitigation. The Company is commercializing proprietary liquid absorbent and process technologies, which are more effective and cost efficient than current commercial solutions for use by point sources of CO2 emissions, including natural gas and coal-fired power generators, and industrial emitters such as cement, petrochemical, steel, and mining operations.
Koch Engineered Solutions (KES) delivers superior value in developing, integrating and applying innovative technical and service solutions for industrial value chains. KES offers uniquely engineered solutions in construction; mass and heat transfer; combustion and emissions controls; filtration; separation; materials applications; automation and actuation. Based in Wichita, Kansas, KES is a subsidiary of Koch Industries, one of the largest private companies in the world. More information is available at KochEngineeredSolutions.com.
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https://www.mysuncoast.com/prnewswire/2022/10/18/koch-engineered-solutions-announces-strategic-partnership-with-ion-clean-energy/
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2022-10-18 12:37:01
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https://www.mysuncoast.com/prnewswire/2022/10/18/koch-engineered-solutions-announces-strategic-partnership-with-ion-clean-energy/
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DALLAS(KDAF)—This morning, temperatures are in the 70s this morning with cloudy skies. Today there’s no sign of severe weather, but rain and thunderstorms are expected in the afternoon and tonight.
NWS Fort Worth said, “Today will feature partly to mostly cloudy skies with afternoon highs rising into the 80s across much of the region. A few isolated showers and thunderstorms will be possible across portions of North and Central Texas this afternoon. More thunderstorms will push out of the Texas Panhandle later tonight, but they should remain largely west of our area.
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https://cw33.com/news/local/north-texas-will-get-thunderstorms-and-showers-today-and-tonight-watch-out-for-rain-in-certain-areas/
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2023-05-25 13:38:24
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https://cw33.com/news/local/north-texas-will-get-thunderstorms-and-showers-today-and-tonight-watch-out-for-rain-in-certain-areas/
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WASHINGTON, Feb. 7, 2023 /PRNewswire/ -- Fannie Mae (OTCQB: FNMA) priced Connecticut Avenue Securities® (CAS) Series 2023-R02, an approximately $709 million note offering that represents Fannie Mae's second CAS REMIC® transaction of the year. CAS is Fannie Mae's benchmark issuance program designed to share credit risk on its single-family conventional guaranty book of business.
The reference pool for CAS Series 2023-R02 consists of approximately 64,000 single-family mortgage loans with an outstanding unpaid principal balance of approximately $20.3 billion. The reference pool includes collateral with loan-to-value ratios of 60.01 percent to 80.00 percent, which were acquired between February 2022 and March 2022. The loans included in this transaction are fixed-rate, generally 30-year term, fully amortizing mortgages and were underwritten using rigorous credit standards and enhanced risk controls.
Fannie Mae will retain a portion of the 1M-1, 1M-2, 1B-1, and 1B-2 tranches, and initially will retain the full 1B-3H first-loss tranche.
Wells Fargo Securities, LLC ("Wells Fargo") is the lead structuring manager and joint bookrunner. BofA Securities, Inc. ("BofA") is the co-lead manager and joint bookrunner. Co-managers are Citigroup Global Markets Inc. ("Citigroup"), Morgan Stanley & Co, LLC ("Morgan Stanley"), Nomura Securities International Inc. ("Nomura"), and StoneX Financial Inc. ("StoneX"). Selling group members are Service-Disabled Veteran-owned Drexel Hamilton, LLC and African-American & women-owned Siebert Williams Shank & Co., LLC.
With the completion of this transaction, Fannie Mae will have brought 55 CAS deals to market, issued over $60 billion in notes, and transferred a portion of the credit risk to private investors on over $2.00 trillion in single-family mortgage loans, measured at the time of the transaction.
To promote transparency and to help credit investors evaluate our securities and the CAS program, Fannie Mae provides ongoing, robust disclosure data, as well as access to news, resources, and analytics through its credit risk transfer webpages. This includes our innovative Data Dynamics® tool that enables market participants to interact with and analyze CAS deals that are currently outstanding in the market and Fannie Mae's historical loan dataset. In addition, our EU Resources and UK Resources webpages help European Union and UK institutional investors, as well as those managing funds subject to EU/UK regulations comply with EU/UK securitization regulations.
In addition to our flagship CAS program, Fannie Mae continues to transfer mortgage credit risk through its Credit Insurance Risk Transfer™ (CIRT™) reinsurance program.
About Connecticut Avenue Securities
CAS REMIC notes are issued by a bankruptcy-remote trust. The amount of periodic principal and ultimate principal paid by Fannie Mae is determined by the performance of a large and diverse reference pool. For more information on individual CAS transactions, visit our credit risk transfer webpage.
About Fannie Mae
Fannie Mae advances equitable and sustainable access to homeownership and quality, affordable rental housing for millions of people across America. We enable the 30-year fixed-rate mortgage and drive responsible innovation to make homebuying and renting easier, fairer, and more accessible. To learn more, visit:
fanniemae.com | Twitter | Facebook | LinkedIn | Instagram | YouTube | Blog
Fannie Mae Newsroom
https://www.fanniemae.com/newsroom
Photo of Fannie Mae
https://www.fanniemae.com/resources/img/about-fm/fm-building.tif
Fannie Mae Resource Center
1-800-2FANNIE
Statements in this release regarding the company's future CAS transactions are forward-looking. Actual results may be materially different as a result of market conditions or other factors listed in "Risk Factors" or "Forward-Looking Statements" in the company's annual report on Form 10-K for the year ended December 31, 2021. This release does not constitute an offer or sale of any security. Before investing in any Fannie Mae issued security, potential investors should review the disclosure for such security and consult their own investment advisors.
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2023-02-07 19:30:01
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Homeless shelter named for the late Alex Trebek opens in Northridge
By Darleene Powells
Click here for updates on this story
NORTHRIDGE, California (KCAL, KCBS) — A homeless shelter named for the late “Jeopardy!” host Alex Trebek opened Thursday at the former Skateland rollerskating rink in Northridge.
The old roller rink was converted into a 107-bed housing facility, largely thanks to a $500,000 donation from the beloved game show host and his wife, which was given just before he died in 2020.
During his life, Trebek had worked to end homelessness.
Somehow, someway I know Alex is aware of this center,” Jean Trebek said. “I know he had a strong conviction and determination in his own way to make it work.”
The 23,000-square-foot Trebek Center will offer unsheltered Angelenos services to help them get back on their feet and into more permanent housing.
Please note: This content carries a strict local market embargo. If you share the same market as the contributor of this article, you may not use it on any platform.
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https://localnews8.com/cnn-regional/2022/05/12/homeless-shelter-named-for-the-late-alex-trebek-opens-in-northridge/
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2022-05-13 00:42:51
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Photography News: Nikon has announced a new Z System NIKKOR Z 600mm f/4 TC VR S super-telephoto lens along with an accessory grip for remote camera control.
NEW YORK, Nov. 2, 2022 /PRNewswire/ -- B&H is excited to announce the Nikon NIKKOR Z 600mm f/4 TC VR S lens. The Z 600mm f/4 lens joins the Z 400mm f/2.8 lens as a fast super-telephoto option for the Z mirrorless system. It features a built-in 1.4x teleconverter, lighter weight, and an updated AF and optical performance. For video shooters, the MC-N10 Remote Grip offers improved control over shooting settings when working from a tripod, slider, shoulder rig, or gimbal.
Key Features
- Z-Mount Lens/FX Format
- Built-In 1.4x Teleconverter
- Silky Swift VCM Autofocus System
- 5.5-Stop VR Image Stabilization
- Super ED, ED, Fluorite, and SR Elements
- Meso Amorphous and ARNEO Coatings
- Customizable Fn and Memory Set Buttons
- Weather-Sealed Design, Fluorine Coating
The Nikon Z 600mm f/4 TC VR S is the latest super-telephoto in Nikon's lineup and is the second Z lens to feature a built-in teleconverter for greater versatility. The fast 600mm f/4 design can instantly be switched over to an effective 840mm f/5.6 for greater reach and the internal, dedicated TC design helps maintain a high degree of sharpness and clarity when in place.
Compared to the F-mount 600mm f/4 for SLR cameras, this Z-mount mirrorless lens sees a 14% reduction in weight (7.2 vs 8.4 lb) and has nearly the same dimensions despite featuring a built-in teleconverter. It also improves on past 600mm designs with an updated optical layout that includes a series of fluorite, short-wavelength refractive, and extra-low dispersion elements to control a variety of different aberration types. Also, it features a Meso Amorphous Coat that improves on previous anti-reflective coatings, especially with regard to diagonal incident light.
The Z 600mm f/4 features a host of technologies that debuted with the Z 400mm f/2.8, including the Silky Swift VCM autofocus system, which is especially quiet and fast, along with the use of an ABS encoder for high accuracy that benefits working with moving subjects. Also, VR performance is rated at 5.5 stops when used in conjunction with an IBIS-enabled camera and Synchro VR, or 5 stops of VR for the lens itself.
Additionally, this lens also features Nikon's intuitive "no-look" layout that includes various rings and buttons for lens-based control over shooting settings. The Focus, Control, and Fn Rings all have different knurled textures to differentiate them and there are four L-Fn buttons on the lens barrel.
The second announcement from Nikon is the MC-N10 Remote Grip, whose development was previously announced earlier in 2022. This auxiliary grip is compatible with Nikon Z9 camera and will also be compatible with the Z7 II and Z6 II cameras later this year following a forthcoming firmware update. This grip offers improved control over camera settings when working from a mounted position or in other circumstances where it is more convenient to change the settings on the camera body itself. The grip incorporates Fn buttons and command dials, along with an ARRI-style rosette for attaching to cages or rigs. It connects to the camera via USB-C and is powered using two AA batteries.
Learn more about the Nikon Z 600mm Super-Telephoto Lens at B&H Explora
https://www.bhphotovideo.com/explora/videos/photography/nikon-z-600mm-lens-and-remote-grip
Hand On Nikon NIKKOR Z 600mm f/4 TC VR S lens – First Look
https://youtu.be/RvF5UwJyvQc
As the world's largest source of photography, video, and audio equipment, as well as computers, drones, and home and portable entertainment, B&H is known worldwide for its attentive, knowledgeable sales force and excellent customer service, including fast, reliable shipping. B&H has been satisfying customers worldwide for over 48 years.
Visitors to the website can access a variety of educational videos and enlightening articles. The B&H YouTube Channel has an unmatched wealth of educational content. Our entertaining and informative videos feature product overviews from our in-house specialists. You can view the B&H Event Space presentations from many of the world's foremost experts and interviews with some of technology's most dynamic personalities. Tap into this exciting resource by subscribing to the B&H YouTube Channel here. In addition to videos, the B&H Explora blog presents new product announcements, gear reviews, helpful guides, and tech news written by product experts and industry professionals, as well as our award-winning podcasts.
When you're in Manhattan, take a tour of the B&H Photo SuperStore, located at 420 Ninth Avenue. The techno-carousel spins all year round at the counters and kiosks at B&H. With hundreds of products on display, the B&H Photo SuperStore is the place to test-drive and compare all the latest gear.
Contact Information
Henry Posner
B&H Photo Video
212-615-8820
https://www.bhphotovideo.com/
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2022-11-02 05:29:13
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Natural Grocers' Epic Savings Anniversary event offers customers biggest discounts of the year, free treats and a chance to win over $128,000 in prizes, including a Tesla® Model 3 or $47,000 cash
LAKEWOOD, Colo., Aug. 11, 2022 /PRNewswire/ -- Natural Grocers®, the largest family-operated organic and natural grocery retailer in the U.S., celebrates its 67th anniversary August 18th – August 20th. Customers are invited to a three-day celebration offering Epic SavingsSM, prizes, giveaways and more.
67 years ago, Margaret and Phillip Isely went door-to-door in Golden, Colorado educating their neighbors about nutrition and handing out samples of homemade whole grain bread. Margaret's passion for nutritional education, natural foods and supplements spread throughout the community and soon they opened a store. This little house nestled within a neighborhood, was filled with the smells of herbs and spices and laughter among neighbors and friends. People lined up to talk to Margaret about nutrition and connect with someone who genuinely cared.
Today, the company, which is operated by the second and third generations of the Isely family, has 163 locations in 21 states and still prides itself on being a neighborhood grocery store where nutrition education, healthy food and planet-prioritizing practices are warmly offered.
To learn more about Natural Grocers "then and now", check out 67 Things You Didn't Know About Natural Grocers.
Infused with a birthday theme to celebrate what would be co-founder Margaret Isely's 101st birthday, the anniversary event gives customers plenty of reasons to join in the fun. In addition to the event being the biggest sale of the year, Natural Grocers is offering $128,000 in prizes and giveaways, including a Tesla® Model 3, or $47,000 cash, contests, free frozen treats, collectible stickers, chocolate bars, limited-edition reusable shopping bags, and more.
All customers will enjoy three days of Epic Savings of up to 60% off on over 500 products including popular groceries, vitamins and supplements, and body care products throughout the store, such as C2O® Pure Coconut Water, Kicking Horse® Organic Coffee, Zum® Laundry Soaps, Cocomels® Chocolate Covered Coconut Milk Caramels, multiple Natural Grocers Brand Products, Beyond Meat® products, a variety of supplement brands, and much more.[I]
- Free Frozen Dessert: Customers who visit Natural Grocers on Thursday, August 18th from 1-6 PM, can enjoy a free frozen dessert (dairy and non-dairy options available).[II]
Natural Grocers community members will have a chance to win over $128,000 in prizes during the three-day event, including a Tesla Model 3, or $47,000 cash (courtesy of C20® Pure Coconut Water and Steaz®), a Specialized® Turbo Levo SL Comp Bike, a Gold Apple® Watch, Lomi® Composters, gift cards, vendor gift boxes, free groceries and more.[III] To enter to win, customers simply fill out the Anniversary Sweepstakes form available at all Natural Grocers' locations between August 18th and August 20th.
Count the Party Hats: Customers can also win a $500 Natural Grocers gift card by counting the party hats sprinkled throughout the pages of the August good4u Health Hotline® magazine, which can be picked up at any Natural Grocers. For a chance to win, customers can fill out the form in the magazine and drop it off at their local store by August 31, 2022. A drawing among all entries with the correct number will determine the winner.[IV]
Members of {N}power®, Natural Grocers' free loyalty program, will have access to additional Anniversary promotions on groceries and gifts throughout the store, including:
- Daily Doorbuster Deals: During the 3-day event, {N}power members can take advantage of exclusive discounts from 9-11AM.[V]
- Free Limited-Edition Reusable Shopping Bag: {N}power members will receive a newly designed limited edition 67th Anniversary reusable bag with purchase.[VI]
- Free Chocolate! {N}power members will receive one free Natural Grocers Brand Organic Chocolate Bar (all flavors), while supplies last.[VI]
- Spend & Win: For every $67 that {N}power members spend, they'll get an automatic entry to win a Natural Grocers Cutting Board (a $34.99 value; one winner per store).[VII]
- To join {N}power, visit www.naturalgrocers.com/join or text 'organic' to 303-986-4600.
Heroes in Aprons Fund – Natural Grocers will donate 1% of all sales from Thursday, August 18th to the Natural Grocers Heroes in Aprons FundSM.[VIII] This non-profit organization was established in 2021 and provides short-term financial assistance to qualifying Natural Grocers good4u® Crew members or their immediate family members who have encountered unanticipated hardships due to sickness, natural disasters, or other unforeseen circumstances.
- To learn more about Heroes in Aprons, visit naturalgrocers.com/heroes-in-aprons-fund.
- Click here for an Anniversary Media Kit, courtesy of Natural Grocers.
- For media questions, please contact media@naturalgrocers.com.
Natural Grocers by Vitamin Cottage, Inc. (NYSE: NGVC) is an expanding specialty retailer of natural and organic groceries, body care products, and dietary supplements. The products sold by Natural Grocers must meet strict quality guidelines and may not contain artificial colors, flavors, preservatives or sweeteners, or partially hydrogenated or hydrogenated oils. The Company sells only USDA-certified organic produce and exclusively pasture-raised, non-confinement dairy products, and free-range eggs. Natural Grocers' flexible smaller-store format allows it to offer affordable prices in a shopper-friendly, clean, and convenient retail environment. The Company also provides extensive free science-based Nutrition Education programs to help customers make informed health and nutrition choices. The Company, founded in 1955, has 163 stores in 21 states. Visit www.NaturalGrocers.com for more information and store locations
[I] Epic Savings prices only valid 8/18/22-8/20/22. Offers are redeemable only for in-store customer purchases at participating stores, while supplies last. Limit 6 of each product per customers, unless otherwise specified. Any stated discounts are on regular prices and cannot be combined with other offers. Quantity limited to stock on hand; no rain checks. Pricing excludes taxes and is subject to change without notice. Natural Grocers reserves the right to correct errors. Void where prohibited by law.
[II] Offer valid 8/18/22 from 1-6 PM at participating stores, while supplies last. One per customer. Natural Grocers reserves the right to correct errors. Void where prohibited by law.
[III] NO PURCHASE NECESSARY. A PURCHASE WILL NOT INCREASE YOUR CHANCES OF WINNING. ONE WINNER COMPANY-WIDE. Open only to legal residents of the 50 united states and the District of Columbia, 18 years or older. Grand prize winner will receive a Tesla Model 3 RWD or $47,000 in cash, at sponsor's sole discretion. Runner up prizes specified in official rules. Void where prohibited by law. Sweepstakes starts on August 18 and ends on August 20, 2022. Winner is responsible for all taxes and fees associated with prize, including dealer fees, sales tax, title and registration. For official rules and complete details, visit www.naturalgrocers.com/sweepstakes. Natural Grocers reserves the right to correct errors. Void where prohibited by law. Sponsor: Vitamin Cottage Natural Food Markets, Inc.
[IV] NO PURCHASE NECESSARY. A PURCHASE WILL NOT INCREASE YOUR CHANCES OF WINNING. Open only to legal respondents of the 50 United States and the District of Columbia, 18 years or older. Void where prohibited by law. Sweepstakes begins on August 5 and ends on August 31, 2022. Maximum of one entry per person. For Official Rules and complete details, visit www.naturalgrocers.com/sweepstakes. Natural Grocers reserves the right to correct errors. Void where prohibited by law. Sponsor: Vitamin Cottage Natural Food Markets, Inc.
[V] {N}power® Doorbuster Deals are available only to registered members and are subject to program terms and conditions available at www.naturalgrocers.com/npower. Only valid 8/18/22-8/20/22 at participating stores. Limit 2 per customer, while supplies last. Natural Grocers reserves the right to correct errors. Void where prohibited by law.
[VI] One per {N}power account. Only valid 8/18/22-8/20/22 at participating stores, while supplies last. {N}power® offers are available only to registered members and are subject to program terms and conditions available at www.naturalgrocers.com/npower. Natural Grocers reserves the right to correct errors. Void where prohibited by law.
[VII] NO PURCHASE NECESSARY. A PURCHASE WILL NOT INCREASE YOUR CHANCES OF WINNING. ONE WINNER PER STORE. Open only to legal respondents of the 50 United States and the District of Columbia, 18 years or older. Must be an {N}power member to enter. Natural Grocers employees including members of their households, are not eligible. Void where prohibited by law. Sweepstakes begins on August 18 and ends on August 20, 2022. For official rules, complete details and alternative modes of entry, visit www.naturalgrocers.com/sweepstakes. Sponsor: Vitamin Cottage Natural Food Markets, Inc.
[VIII] Excludes gift card sales.
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2022-08-11 15:52:27
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NEW YORK, July 11, 2022 /PRNewswire/ -- Pomerantz LLP announces that a class action lawsuit has been filed against Oscar Health, Inc. ("Oscar" or the "Company") (NYSE: OSCR) and certain of its officers. The class action, filed in the United States District Court for the Southern District of New York, and docketed under 22-cv-04103, is on behalf of a class consisting of all persons and entities other than Defendants that purchased or otherwise acquired Oscar Class A common stock pursuant and/or traceable to the registration statement and prospectus (collectively, the "Registration Statement") issued in connection with the Company's March 2021 initial public offering ("IPO" or the "Offering"). Plaintiff pursues claims against under the Securities Act of 1933 (the "Securities Act").
If you are a shareholder who purchased or otherwise acquired Oscar Class A common stock, pursuant and/or traceable to the company's IPO, you have until July 11, 2022 to ask the Court to appoint you as Lead Plaintiff for the class. A copy of the Complaint can be obtained at www.pomerantzlaw.com. To discuss this action, contact Robert S. Willoughby at newaction@pomlaw.com or 888.476.6529 (or 888.4-POMLAW), toll-free, Ext. 7980. Those who inquire by e-mail are encouraged to include their mailing address, telephone number, and the number of shares purchased.
Oscar is a health insurance company that claims to be the first such company "built around a full stack technology platform" which will "allow [Oscar] to continue to innovate like a technology company and not a traditional insurer."
On March 4, 2021, the Company filed its prospectus on Form 424B4 with the Securities and Exchange Commission, which forms part of the Registration Statement. In the IPO, the Company sold 36,391,946 shares of Class A common stock at a price of $39.00 per share. The Company received net proceeds of approximately $1.3 billion from the Offering. The proceeds from the IPO were purportedly to be used to repay in full outstanding borrowings, including fees and expenses, under Oscar's Term Loan Facility ($167 million), and the remainder proceeds were to be used for general corporate purposes.
The complaint alleges that, the Registration Statement was materially false and misleading and omitted to state: (1) that Oscar was experiencing growing COVID-19 testing and treatment costs; (2) that Oscar was experiencing growing net COVID costs; (3) that Oscar would be negatively impacted by an unfavorable prior year Risk Adjustment Data Validation ("RADV") result relating to 2019 and 2020; (4) that Oscar was on track to be negatively impacted by significant Special Enrollment Period ("SEP") membership growth; and (5) that, as a result of the foregoing, Defendants' positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis.
On August 12, 2021, Oscar disclosed that the Company's Medical Loss Ratio ("MLR") for the second quarter of 2021 was 82.4%, an increase of 2170 basis points year-over year. The Company claimed that "[t]he MLR increased to 82.4% in 2Q21 from 60.7% in 2Q20, primarily driven by meaningfully lower utilization in 2Q20 as a result of COVID-19, as well as higher COVID-19 testing and treatment costs and a return to more normalized utilization in 2Q21." The Company also disclosed that its net loss for the quarter was $73.1 million, an increase of $32.1 million year-over-year.
On November 10, 2021, Oscar disclosed that its third quarter 2021 MLR increased 920 basis points year-over-year, to 99.7%. The Company claimed that the MLR increase was "primarily driven by higher net COVID costs as compared to the net benefit in 3Q20, an unfavorable prior year Risk Adjustment Data Validation (RADV) result, and the impact of significant SEP membership growth." The Company also disclosed that its net loss for the quarter was $212.7 million, an increase of $133.6 million year-over-year.
During a conference call held the same day, Scott Blackley, the Company's Chief Financial Officer, stated: "We recognized approximately $20 million of risk adjustment expense this quarter related to our risk adjustment data validation audit or RADV results. The RADV exercise is atypical this year due to COVID. It spans two years, 2019 and 2020. The majority of the RADV headwinds relate to the 2019 audit results, which were recently completed."
On this news, Oscar's share price fell $4.05 per share, or 24.5%, to close at 12.47 per share on November 11, 2021.
By the commencement of this action, Oscar stock has traded as low as $5.47 per share, a nearly 86% decline from the $39.00 per share IPO price.
Pomerantz LLP, with offices in New York, Chicago, Los Angeles, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com
CONTACT:
Robert S. Willoughby
Pomerantz LLP
rswilloughby@pomlaw.com
888-476-6529 ext. 7980
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‘My immediate thought was to protect my family’: Man fatally shoots bear inside home
STEAMBOAT SPRINGS, Colo. (KUSA) – A man in Colorado shot and killed a bear that entered his home over the weekend.
Fortunately, no one at the home was injured.
If a bear is willing to cross your driveway, hang on your front porch or crash a fundraiser, a home visit should come as no surprise, like one occurred at Ken Mauldin’s Steamboat Springs home on Saturday.
Mauldin said he was in bed at 2 a.m. when he said he was awakened by his wife screaming and his dogs “going crazy.”
“When I got out of bed, Kelly started screaming, ‘There’s a bear in the house,’” he said. “So, I grabbed a .40 caliber semi-automatic handgun.”
Mauldin said he recognized the shape of a bear and fired nine times.
“I shot it as soon as I could shoot it,” he said. “I shot it and then it charged me, and I kept shooting at it. It backed up and changed directions, busting through our banister railing and landing on the stairs, and then it slid down and wound up in a pile at the bottom of the stairs.”
Mauldin said someone had left a door unlocked, which may have led to the bear getting inside.
Colorado Parks and Wildlife officials said most bear encounters don’t end like this. The department said it rely on people to report problems with bears so wildlife officers can tailor advice to individual homes and neighborhoods.
“We do see bears getting into homes a lot,” an official with the department said. “It seems in the Steamboat area we have seen an increase in that this year with bears getting in through unlocked doors and windows.”
If a bear does happen to break into your home, the department said the best thing to do is to give them a call and report it.
Regardless of how it ends up, no one wants to face an unexpected visitor like a bear in their home.
“I just recognized that it was a bear, and my immediate thought was to protect my family and to shoot it,” Mauldin said.
Copyright 2022 KUSA via CNN. All rights reserved.
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GUANGZHOU, China, March 22, 2023 /PRNewswire/ -- CNFinance Holdings Limited (NYSE: CNF) ("CNFinance" or the "Company"), a leading home equity loan service provider in China, today announced its unaudited financial results for the fourth quarter and fiscal year ended December 31, 2022.
Fourth Quarter 2022 Operational and Financial Highlights
- Total loan origination volume[1] was RMB2.9 billion (US$425.9 million) during the fourth quarter of 2022, representing a decrease of 6.5% from RMB3.1 billion in the same period of 2021.
- Total volume of loans recommended to commercial banks was RMB1.9 billion (US$276.3 million) during the fourth quarter of 2022.
- Total number of transactions[2] was 7,079 during the fourth quarter of 2022, representing an increase of 27.3% from 5,559 in the same period of 2021.
- Total interest and fees income were RMB454.5 million (US$65.9 million) in the fourth quarter of 2022, representing a decrease of 1.2% from RMB460.0 million in the same period of 2021.
- Net income was RMB30.5 million (US$4.4 million) in the fourth quarter of 2022, comparing with a net loss of RMB104.6 million in the same period of 2021.
- Basic and diluted earnings per ADS were RMB0.45 (US$0.07) and RMB0.40 (US$0.06), respectively, in the fourth quarter of 2022, as compared to RMB(1.53) and RMB(1.53), respectively, in the same period of 2021.
Fiscal Year 2022 Operational and Financial Highlights
- Total loan origination volume[1] was RMB12.2 billion (US$1.8 billion) during the fiscal year of 2022, representing a decrease of 4.7% from RMB12.8 billion in 2021.
- Total volume of loans recommended to commercial banks was RMB2.5 billion (US$367.3 million) during the fiscal year of 2022.
- Total outstanding loan principal[3] was RMB11.2 billion as of December 31, 2022, as compared to RMB10.4 billion as of December 31, 2021.
- Total number of active borrowers[4] was 21,781 as of December 31, 2022, as compared to 22,741 as of December 31, 2021.
- Total number of transactions[2] was 23,923 during the fiscal year of 2022, representing an increase of 8.1% from 22,122 in 2021.
- Total interest and fees income were RMB1,731.4 million (US$251.0 million) for the fiscal year of 2022, representing a decrease of 4.6% from RMB1,8158. million in 2021.
- Net income was RMB137.8 million (US$20.0 million) for the fiscal year of 2022, representing an increase of 111.3% from RMB65.2 million in 2021.
- Basic and diluted earnings per ADS were RMB2.01 (US$0.29) and RMB1.80 (US$0.26), respectively, in the fiscal year of 2022, as compared to RMB0.95 and RMB0.90, respectively, in 2021.
"The year 2022 is another important year in the history of CNFinance. In 2022, China's real estate market continued to face downward pressures, and we have experienced the adjustment to China's pandemic prevention and control policies. During the year, the management considered the challenges and chances in a synergetic way and strove to promote high-quality development of our services. With the joint efforts of every employee, we were able to deliver a solid result at year end. We concluded the year facilitating loans of over RMB12.2 billion with trust company partners and introducing loans of RMB2.5 billion to the commercial bank partners. The commercial bank partnership model has grown and become a new contributor to the Company's revenue stream. At the same time, interest income charged to sales partners also increased significantly in the fiscal year of 2022 as compared to that of 2021. We recorded a net income of 137.8 million, representing a year on year increase of 111.3%.
As we affirm the achievements we have made, we must not lose sight of the difficulties confronting us. We implemented a series of measures to improve our management efficiencies and will continue to refine our collaboration model with commercial banks. We plan to invest more in technology to increase the overall efficiency in borrower acquisition and initial screening process. We will also work closely with commercial bank partners to provide better post-loan services to MSE owners. We believe such advancements will help CNFinance build more solid foundations to pursue continuous development in China's inclusive finance industry and allow us to provide better services to more MSE owners and help them achieve their business goals." Commented Mr.Zhai Bin, Chairman and CEO of CNFinance.
Fourth Quarter 2022 Financial Results
Total interest and fees income for the fourth quarter of 2022 decreased by 1.2% to RMB454.5 million (US$65.9 million) as compared to RMB460.0 million for the same period of 2021.
Interest and financing service fees on loans decreased by 6.1% to RMB417.7 million (US$60.6 million) for the fourth quarter of 2022 as compared to RMB444.7 million for the same period of 2021, primarily attributable to a decrease in the balance of average daily outstanding loan principal. Such decrease was mainly as a result of the Company's transferal of loans under the traditional facilitation model to third parties in bulk during the fourth quarter of 2021 along with the impact of strict pandemic prevention and control measures taken from January to November 2022, which was partially offset by an increase in the total outstanding loan principal under the collaboration model.
Interest income charged to sales partners, representing fee charged to sales partners who choose to repurchase default loans in installments, increased by 190.2% to RMB32.5 million (US$4.7 million) for the fourth quarter of 2022 from RMB11.2 million in the same period of 2021, primarily attributable to an increase in the delinquent loans that were repurchased by the sales partners in installments.
Interest on deposits with banks increased by 4.9% to RMB4.3 million (US$0.6 million) for the fourth quarter of 2022 as compared to RMB4.1 million for the same period of 2021, primarily due to the higher daily average amount of time deposits.
Total interest and fees expenses decreased by 1.9% to RMB201.2 million (US$29.2 million) for the fourth quarter of 2022 as compared to RMB205.2 million for the same period of 2021, primarily due to a decrease in daily average outstanding principal of other borrowings.
Net interest and fees income decreased by 0.6% to RMB253.3 million (US$36.7 million) for the fourth quarter of 2022 as compared to RMB254.8 million for the same period of 2021.
Net revenue under the commercial bank partnership model, representing fees charged to commercial banks for services including introducing borrowers, initial credit assessment, facilitating loans from the banks to the borrower and providing technical assistance to the borrower and banks, net of fees paid to third-party insurance company, was RMB56.3 million (US$8.2 million) for the fourth quarter of 2022. The Company has started to collaborate with commercial banks since 2021 and such collaboration grew and scaled in the second half of 2022.
Collaboration cost for sales partners representing sales incentives paid to sales partners decreased to RMB79.6 million (US$11.5 million) for the fourth quarter of 2022 from RMB119.5 million in the same period of 2021, primarily attributable to a lower average fee rate the Company paid to sales partners in the fourth quarter of 2022 as compared to the same period of 2021. The fee rate under collaboration model varies based on different collaboration model types and the terms of the loan.
Net interest and fees income after collaboration cost was RMB230.0 million (US$33.4 million) for the fourth quarter of 2022, representing an increase of 69.9% from RMB135.4 million in the same period of 2021.
Provision for credit losses, representing provision for credit losses under the trust lending model and the expected credit losses of guarantee under the commercial bank partnership model in relation to certain financial guarantee arrangements the Company entered into with a third-party guarantor, who provides guarantee services to commercial bank partners, was RMB142.7 million (US$20.7 million) for the fourth quarter of 2022 as compared to a reversal of RMB302.8 million for the same period of 2021,. The reversal in 2021 was primarily due to the fact that the Company transferred loans under the traditional facilitation model to third parties in bulk during the fourth quarter of 2021 and the allowance of such loans was reversed. The increase in provision for credit losses in the fourth quarter of 2022 was mainly due to economic uncertainty caused by COVID-19 pandemic and the relevant prevention and control measures, as well as the downward pressure faced by China's real estate market during the fourth quarter of 2022.
Net losses on sales of loans was RMB1.3 million (US$0.2 million) for the fourth quarter of 2022 as compared to RMB468.6 million in the same period of 2021, primarily attributable to the fact that the Company transferred loans under the traditional facilitation model to third parties in bulk during the fourth quarter of 2021. Such loans were all facilitated prior to 2019, and the majority of them were long past due.
Other gains, net was RMB24.6 million (US$3.6 million) for the fourth quarter of 2022, as compared to RMB7.3 million for the same period of 2021, primarily attributable to the increase of Credit Risk Mitigation Position forfeited by the sales partners.
Operating expenses decreased by 20.8% to RMB84.2 million (US$12.3million) for the fourth quarter of 2022, compared with RMB106.3 million for the same period of 2021.
Employee compensation and benefits decreased by 10.9% to RMB55.6 million (US$8.1 million) for the fourth quarter of 2022 as compared to RMB62.4 million for the same period of 2021, primarily due to a decrease in compensation associated with decreased operational headcounts.
Share-based compensation expenses decreased by 70.2% to RMB1.4 million (US$0.2 million) for the fourth quarter of 2022 from RMB4.7 million in the same period of 2021. According to the Company's share option plan adopted on December 31, 2019, approximately 50%, 30% and 20% of the option granted will be vested on December 31, 2020, 2021 and 2022, respectively. Related compensation cost of the option grants will be recognized over the requisite period.
Taxes and surcharges increased by 9.9% to RMB11.1 million (US$1.6 million) for the fourth quarter of 2022, as compared to RMB10.1 million for the same period of 2021, primarily attributable to an increase in the non-deductible value added tax ("VAT"). The increase in VAT was attributable to the characterization of certain amounts as "service fees charged to trust plans" which are a non-deductible item. According to PRC tax regulations, "service fees charged to trust plans" incur a 6% VAT on the subsidiary level, but are not recorded as an input VAT on a consolidated trust plan level.
Operating lease cost remained at RMB3.2 million (US$0.5 million) for the fourth quarter of 2022.
Other expenses decreased by 50.2% to RMB12.9 million (US$1.9 million) for the fourth quarter of 2022 as compared to RMB25.9 million for the same period of 2021, such expenses were mainly attributable to decreases in (a) attorney's fees associated with legal proceedings mainly as a result of the Company's business transition to collaboration model, under which relevant attorney fees are borne by sales partners, and (b) the cost related to promoting the collaboration model.
Income tax expense/(benefit) recorded an income tax benefit of RMB0.5 million (US$0.1 million) for the fourth quarter of 2022 as compared to an income tax benefit of RMB15.7 million for the same period of 2021. One subsidiary turned losses into incomes during the fourth quarter in 2022, resulting in reversal of the full valuation allowance of the deferred tax asset.
Net income/(loss) was a net income of RMB30.5 million (US$4.4 million) for the fourth quarter of 2022 as compared to a net loss of RMB104.6 million for the same period of 2021.
Basic and diluted earnings per ADS were RMB0.45 (US$0.07) and RMB0.40 (US$0.06), respectively, compared to RMB(1.53) and RMB(1.53), respectively, for the same period of 2021. One ADS represents 20 ordinary shares.
Fiscal Year 2022 Financial Results
Total interest and fees income for fiscal year 2022 decreased by 4.6% to RMB1,731.4 million (US$251.0 million) as compared to RMB1,815.8 million for the same period of 2021.
Interest and financing service fees on loans decreased by 9.8% to RMB1,596.3 million (US$231.4 million) for the fiscal year of 2022 as compared to RMB1,770.4 million for the same period of 2021, primarily attributable to a decrease in the balance of average daily outstanding loan principal. Such decrease was mainly as a result of the Company's transferal of loans under the traditional facilitation model to third parties in bulk during the fourth quarter of 2021 along with the impact of strict pandemic prevention and control measures taken from January to November 2022, which was partially offset by an increase in the total outstanding loan principal under the collaboration model.
Interest income charged to sales partners, representing fee charged to sales partners who choose to repurchase default loans in installments, increased by 265.3% to RMB122.0 million (US$17.7 million) for the fiscal year of 2022 from RMB33.4 million in the same period of 2021, primarily attributable to an increase in the delinquent loans that were repurchased by the sales partners in installments.
Interest on deposits with banks increased by 9.2% to RMB13.1 million (US$1.9 million) for the fiscal year of 2022 as compared to RMB12.0 million for the same period of 2021, primarily due to the higher daily average amount of time deposits.
Total interest and fees expenses increased by 1.2% to RMB784.8 million (US$113.8 million) for the fiscal year of 2022 as compared to RMB775.6 million for the same period of 2021, primarily due to an increase in daily average outstanding principal of other borrowings.
Net interest and fees income decreased by 9.0% to RMB946.6 million (US$137.2 million) for the fiscal year of 2022 as compared to RMB1,040.2 million for the same period of 2021.
Net revenue under the commercial bank partnership model, representing fees charged to commercial banks for introducing borrowers, initial credit assessment, facilitating loans from the banks to the borrower and providing technical assistance to the borrower and banks, net of fees paid to third-party insurance company, was RMB57.6 million (US$8.4 million) for the fiscal year of 2022. The Company has started to collaborate with commercial banks since 2021 and such collaboration grew and scaled in the second half of 2022.
Collaboration cost for sales partners representing sales incentives paid to sales partners decreased to RMB320.8 million (US$46.5 million) for the fiscal year of 2022 as compared to RMB425.7 million for the same period of 2021, primarily attributable to a lower average fee rate the Company paid to sales partners in the fiscal year of 2022 as compared to the same period of 2021. The fee rate under collaboration model varies based on different collaboration model types and the terms of the loan.
Net interest and fees income after collaboration cost was RMB683.4 million (US$99.1 million) for the fiscal year of 2022, representing an increase of 11.2% as compared to RMB614.6 million for the same period of 2021.
Provision for credit losses, representing the provision for credit losses under the trust lending model and the expected credit losses of guarantee under the commercial bank partnership model in relation to certain financial guarantee arrangements the Company entered into with a third-party guarantor, who provides guarantee services to commercial bank partners, was RMB238.1 million (US$34.5 million) for the fiscal year of 2022 as compared to a reversal of RMB272.8 million for the same period of 2021. The reversal in 2021 was primarily due to the fact that the Company transferred loans under the traditional facilitation model to third parties in bulk during the fourth quarter of 2021 and the allowance of such loans was reversed. The increase in provision for credit losses in the fiscal year of 2022 was mainly due to economic uncertainty caused by COVID-19 pandemic and the relevant prevention and control measures, as well as the downward pressure faced by China's real estate market during 2022.
Net losses on sales of loans was RMB 44.6 million (US$6.5 million) for the fiscal year of 2022 as compared to RMB450.7 million in the same period of 2021, primarily attributable to the fact that the Company transferred loans under the traditional facilitation model to third parties in bulk during the fourth quarter of 2021. Such loans were all facilitated prior to 2019, and the majority of them were long past due.
Other gains, net was RMB89.9 million (US$13.0 million) for the fiscal year of 2022, compared with RMB18.9 million in the same period of 2021, primarily attributable to the increase of Credit Risk Mitigation Position forfeited by the sales partners.
Total operating expenses decreased by 11.1% to RMB338.6 million (US$49.1 million) for the fiscal year of 2022 as compared to RMB381.0 million for the same period of 2021.
Employee compensation and benefits decreased by 6.7% to RMB197.0 million (US$28.6 million) for the fiscal year of 2022 as compared to RMB211.2 million for the same period of 2021, primarily due to a decrease in compensation associated with decreased operational headcounts.
Share-based compensation expenses decreased by 69.1% to RMB5.8 million (US$0.8 million) for the fiscal year of 2022 as compared to RMB18.8 million for the same period of 2021. According to the Company's share option plan adopted on December 31, 2019, approximately 50%, 30% and 20% of the option granted will be vested on December 31, 2020, 2021 and 2022, respectively. Related compensation cost of the option grants will be recognized over the requisite period.
Taxes and surcharges increased by 0.6 % to RMB35.9 million (US$5.2 million) for the fiscal year of 2022 as compared to RMB35.7 million for the same period of 2021.
Operating lease cost decreased by 5.4% to RMB14.0 million (US$2.0 million) for the fiscal year of 2022 as compared to RMB14.8 million for the same period of 2021.
Other expenses decreased by 14.5% to RMB85.9 million (US$12.5 million) for the fiscal year of 2022 as compared to RMB100.5 million for the same period of 2021, primarily due to a decrease in attorney's fees associated with legal proceedings mainly as a result of the Company's business transition to collaboration model, under which relevant attorney fees are borne by sales partners.
Income tax expenses increased by 21.7% to RMB34.8 million (US$5.0 million) for the fiscal year of 2022 as compared to RMB28.6 million for the same period of 2021, primarily due to an increase in the amount of taxable income.
Effective tax rate decreased to 20.19% for the fiscal year of 2022 from 30.46% in the same period of 2021, primarily due to the combined effect of (a) the non-deductible share-based compensation expenses which decreased to RMB5.8 million (US$0.8 million) for the fiscal year of 2022 from RMB18.8 million in the same period of 2021; and (b) one subsidiary turned losses into incomes during the fourth quarter in 2022, resulting in reversal of the full valuation allowance of the deferred tax asset.
Net income increased by 111.3% to RMB137.8 million (US$20.0 million) for the fiscal year of 2022 as compared to RMB65.2 million for the same period of 2021.
Basic and diluted earnings per ADS were RMB2.01 (US$0.29) and RMB1.80 (US$0.26), respectively, compared to RMB0.95 and RMB0.90, respectively, in the same period of 2021. One ADS represents 20 ordinary shares.
As of December 31, 2022, the Company held cash and cash equivalents of RMB1.8 billion (US$256.9 million), compared with RMB2.2 billion as of December 31, 2021, including RMB1.2 billion (US$ 167.8 million) and RMB1.5 billion from structured funds as of December 31, 2022 and December 31, 2021, respectively, which could only be used to grant new loans and activities.
The delinquency ratio for loans originated by the Company increased from 24.1% as of December 31, 2021 to 33.2% as of December 31, 2022. The delinquency ratio for first lien loans increased from 30.1% as of December 31, 2021 to 40.1% as of December 31, 2022, and the delinquency ratio for second lien loans increased from 20.3% as of December 31, 2021 to 31.0% as of December 31, 2022. The pandemic prevention and control measures taken in 2022 has negatively impacted the efficiency of bad debt collection and legal proceedings against borrowers at default, and therefore has caused the Company's delinquency ratio to increase.
The delinquency ratio (excluding loans held for sale) for loans originated by the Company increased from 16.2% as of December 31, 2021 to 18.3% as of December 31, 2022. The delinquency ratio for first lien loans (excluding loans held for sale) increased to 21.8% as of December 31, 2022 from 19.3% as of December 31, 2021, and the delinquency ratio for second lien loans (excluding loans held for sale) increased from 14.3% as of December 31, 2021 to 17.6% as of December 31, 2022.
The NPL ratio for loans originated by the Company increased from 9.4% as of December 31, 2021 to 17.7% as of December 31, 2022. The NPL ratio for first lien loans increased to 21.6% as of December 31, 2022 from 13.5% as of December 31, 2021, and the NPL ratio for second lien loans increased from 6.8% as of December 31, 2021 to 15.1% as of December 31, 2022. The pandemic prevention and control measures taken in 2022 has negatively impacted the efficiency of bad debt collection and legal proceedings against borrowers at default, and therefore has caused the Company's NPL ratio to increase.
The NPL ratio (excluding loans held for sale) for loans originated by the Company decreased from 2.1% as of December 31, 2021 to 1.1% as of December 31, 2022. The NPL ratio for first lien loans (excluding loans held for sale) decreased from 3.1% as of December 31, 2021 to 1.1% as of December 31, 2022, and the NPL ratio for second lien loans (excluding loans held for sale) decreased from 1.6% as of December 31, 2021 to 1.2% as of December 31, 2022.
Recent Development
Share Repurchase
On March 16, 2022, the Company's board of directors authorized a share repurchase program under which the Company may repurchase up to US$20 million of its ordinary shares in the form of American depositary shares ("ADSs") during a period of up to 12 months commencing on March 16, 2022. As of December 31, 2022, the Company had repurchased an aggregate of approximately US$13.0 million worth of its ADSs under this share repurchase program.
Conference Call
CNFinance's management will host an earnings conference call at 8:00 AM U.S. Eastern Time on Wednesday, March 22, 2023 (8:00 PM Beijing/ Hong Kong Time on Friday, March 22, 2022).
Dial-in numbers for the live conference call are as follows:
A telephone replay of the call will be available after the conclusion of the conference call until 11:59 PM ET on March 29, 2023.
Dial-in numbers for the replay are as follows:
A live and archived webcast of the conference call will be available on the Investor Relations section of CNFinance's website at http://ir.cashchina.cn/.
Statement Regarding Preliminary Unaudited Financial Information
The unaudited financial information set out in this earnings release is preliminary and subject to potential adjustments. Adjustments to the consolidated financial statements may be identified when audit work has been performed for the Company's year-end audit, which could result in significant differences from this preliminary unaudited financial information.
Exchange Rate
The Company's business is primarily conducted in China and all of the revenues are denominated in Renminbi ("RMB"). This announcement contains translations of certain RMB amounts into U.S. dollars at specified rates solely for the convenience of the reader. Unless otherwise noted, all translations from RMB to U.S. dollars are made at a rate of RMB6.8972 to US$1.00, the exchange rate set forth in the H.10 statistical release of the Board of Governors of the Federal Reserve System as of December 31, 2022. No representation is made that the RMB amounts could have been, or could be, converted, realized or settled into U.S. dollars at that rate on December 30, 2022, or at any other rate.
Safe Harbor Statement
This press release contains forward-looking statements made under the "safe harbor" provisions of Section 21E of the Securities Exchange Act of 1934, as amended, and the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will", "expects", "anticipates", "future", "intends", "plans", "believes", "estimates", "confident" and similar statements. The Company may also make written or oral forward-looking statements in its reports filed with or furnished to the U.S. Securities and Exchange Commission, in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Any statements that are not historical facts, including statements about the Company's beliefs and expectations, are forward-looking statements that involve factors, risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. Such factors and risks include, but not limited to the following: its goals and strategies, its ability to achieve and maintain profitability, its ability to retain existing borrowers and attract new borrowers, its ability to maintain and enhance the relationship and business collaboration with its trust company partners and to secure sufficient funding from them, the effectiveness of its risk assessment process and risk management system, its ability to maintain low delinquency ratios for loans it originated, fluctuations in general economic and business conditions in China, the impact and future development of COVID-19 pandemic in China and across the globe, and relevant government laws, regulations, rules, policies or guidelines relating to the Company's corporate structure, business and industry. Further information regarding these and other risks is included in the Company's filings with the U.S. Securities and Exchange Commission. All information provided in this press release is current as of the date of the press release, and the Company does not undertake any obligation to update such information, except as required under applicable law.
About CNFinance Holdings Limited
CNFinance Holdings Limited (NYSE: CNF) ("CNFinance" or the "Company") is a leading home equity loan service provider in China. CNFinance conducts business by collaborating with sales partners and trust company partners. Sales partners are responsible for recommending micro- and small-enterprise ("MSE") owners with financing needs to the Company and the Company introduces eligible borrowers to its trust company partners who will then conduct their own risk assessments and make credit decisions. The Company's primary target borrower segment is MSE owners who own real properties in Tier 1 and Tier 2 cities in China. The loans CNFinance facilitated are primarily funded through a trust lending model with its trust company partners who are well-established with sufficient funding sources and have licenses to engage in lending business nationwide. The Company's risk mitigation mechanism is embedded in the design of its loan products, supported by an integrated online and offline process focusing on risks of both borrowers and collateral and further enhanced by effective post-loan management procedures.
For more information, please contact:
CNFinance
E-mail: ir@cashchina.cn
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Scammer claims to be with KBI attempts to trick residents out of their money
TOPEKA, Kan. (WIBW) - A new scam in which the suspect claims to be with the Kansas Bureau of Investigation has attempted to trick Shawnee Co. residents out of their money.
The Shawnee County Sheriff’s Office has warned residents that another phone scam has begun to circulate in the area. This time, the scammer claims to be an inspector with the “General’s Office.”
The Sheriff’s Office indicated that the scammer does provide a badge number as well as a case number. In a specific case, it said the victim was told his social security number and bank accounts were in jeopardy and that to “protect his assets” he needed to wire all his money for safekeeping.
Officials noted that the scammer’s story was elaborate and when the victim looked at the caller ID, it read “KBI Headquarters.” They reminded residents to stay vigilant and ask lots of questions.
Copyright 2023 WIBW. All rights reserved.
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2023-05-31 14:18:30
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Burst of cold air: Here is who will see freezing temperatures this week
By Jennifer Gray, CNN meteorologist
Winter is coming for many this week, with the first significant snow of the season for some, and freezing temperatures for millions of others.
It was just last week we were talking about cute fall temperatures, and now someone has flipped a switch to winter. This will be – by far – the coldest air of the season to this point.
So brace yourself, as I am planning to do.
“Afternoon highs today will definitely feel cold!” the National Weather Service office in Nashville said.
Along with temperatures running 15-25 degrees below normal for much of the East, winds will be strong, making it feel even colder. Nashville will only get into the mid-50s to right around 60 today, with a bone-chilling wind chill.
Atlanta will be colder than New York City on Tuesday, with highs only making it to the low 50s.
Tuesday night will be even colder, with lows in the 20s as far south as portions of Arkansas and Tennessee.
“Tuesday night will be the coldest night … with all locations expected to be below freezing,” the weather service in Nashville said. “Even Nashville metro should freeze.”
The Weather Prediction Center said many cool daytime high and overnight low temperature records could be broken because of the cold air Monday and Tuesday.
“This may be the first freeze of the season for many places across the Central Plains, Middle Mississippi Valley and Ohio/Tennessee Valleys which will impact sensitive crops/livestock,” the Weather Prediction Center said.
Here are some major cities expecting lows below freezing this week:
- Kansas City
- St. Louis
- Memphis
- Nashville
- Atlanta
See how low the temperatures will drop where you live.
Significant snowstorm set to impact Upper Midwest
In the Upper Midwest, there will be even bigger impacts. A winter storm warning is in effect for portions of Michigan’s Upper Peninsula and northern Wisconsin, where 4-8 inches of snow could fall through Wednesday.
However, it won’t be shocking to see an isolated area or two get as much as a foot of snow with the potent early-season system.
“Guidance continues to indicate potentially historic early-season snowfall across the eastern UP, which when combined with northerly winds to 50 mph and lingering fall foliage could result in widespread power outages,” the weather service in Marquette warned.
The-CNN-Wire
™ & © 2022 Cable News Network, Inc., a Warner Bros. Discovery Company. All rights reserved.
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2022-10-19 16:01:43
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Chaubal to oversee the Sharp home appliance manufacturing facility in Memphis, TN
MONTVALE, N.J., Dec. 5, 2022 /PRNewswire/ -- Sharp Home Electronics Company of America (SHCA), a division of Sharp Electronics Corporation (SEC), is pleased to welcome Satyajit Chaubal as Senior Vice President of Sharp Manufacturing Company of America (SMCA), succeeding Mike Kelly who recently announced his plan to retire from Sharp after 38 years of dedicated service.
Based at SHCA's Memphis manufacturing facility, Mr. Chaubal brings over 20 years of experience in manufacturing and supply chain operations. In this role as the most senior leader of SMCA, Mr. Chaubal will provide strategic, commercial, operational, and technical leadership in driving profitable revenue growth. Functional areas of responsibility include product design and planning, engineering, OEM sales, component procurement, production, manufacturing quality control, product safety, and oversight of local HR.
"Since 1979, our Memphis factory has been Sharp's pride and joy as the company's first overseas factory. Finding someone to replace the retiring Mike Kelly after 38 years of distinguished service and leadership was no easy task," said Jim Sanduski, President, SHCA. "That's why I'm so pleased to have found Satyajit. He checks all the boxes for a people-first, data-driven leader with extensive manufacturing operation experience. I look forward to collaborating with him as we strengthen our ethos of Simply Better Living through our home appliance offerings in the United States."
With vast experience leading multi-site manufacturing facilities and customer accounts, Mr. Chaubal is experienced in day-to-day manufacturing operations, supply chain, quality, safety, financial KPIs, and new product and process development. He will support manufacturing capabilities expansion and overall business growth. In addition, he will be responsible for talent recruiting, retention, and development.
"For my next professional endeavor, I am excited to join Sharp and contribute to their 110-year manufacturing heritage, which is committed to making consumers' everyday life better and simpler," said Mr. Chaubal. "I look forward to continuing this legacy and raising the bar to set new benchmarks that serve our employees better and delight our customers with quality products and services."
For the past 15 years, Mr. Chaubal was with Jabil Inc., a global manufacturing solutions provider, first joining them in India before moving to Memphis in 2015. He has a Degree in Mechanical Engineering from the Board of Technical Education in Mumbai, India.
For more information about SHCA, please visit www.sharpusa.com.
About Sharp Home Electronics Company of America (SHCA) – Montvale, NJ
SHCA is the U.S. Consumer Products Group of Sharp Electronics Corporation, the U.S. sales subsidiary of Sharp Corporation, a worldwide developer and manufacturer of one-of-a-kind premium technology products. SHCA includes the manufacturing of premium home appliances in Memphis, TN, together with the sales & marketing, and servicing of home electronics based in Montvale, NJ. Leading products include Sharp Carousel®, Microwave Drawer™ ovens, SuperSteam+™ ovens, and Plasmacluster® Ion air purifiers.
Sharp Corporation appears on Fortune's World's Most Admired Companies for 2022. Sharp Electronics Corporation received a 2022 award for Best Places to Work in NJ. Learn more at http://www.sharpusa.com/.
Sharp, Carousel, Microwave Drawer, SuperSteam+, Plasmacluster, and all related trademarks are trademarks or registered trademarks of Sharp Corporation and/or its affiliated companies. All other trademarks are the property of their respective owners.
Press Contact:
Kellyn Curtis
972.816.1355
kcurtis@peppercomm.com
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Solid execution of strategic growth initiatives drives continued strong results; Company raises full year 2022 guidance
Second Quarter Highlights
- Delivered sales of $3.8 billion, up 19.6%, compared to the second quarter of 2021; up 22.0% on a daily, constant currency basis
- Expanded gross margin by 255 bps compared to the second quarter of 2021
- Generated operating earnings of $534 million, up 60.0%, resulting in EPS of $7.19, an increase of 68.4% versus the second quarter of 2021
- Returned $219 million to shareholders through dividends and share repurchases
- Published 11th Environmental, Social and Governance report highlighting Grainger's focus on driving sustainable supply chain operations and furthering diversity, equity and inclusion
- Increases full year 2022 guidance, including updated total Company daily sales growth of 14.5% - 16.5%, driving EPS range of $27.25 - $28.75
CHICAGO, July 29, 2022 /PRNewswire/ -- Grainger (NYSE: GWW) today reported results for the second quarter of 2022 with sales of $3.8 billion, up 19.6%, or 22.0% on a daily, constant currency basis compared to the second quarter 2021, driven by strong performance in both segments.
"Our second quarter results reflect the team's continued commitment to serving customers extraordinarily well in this strong demand environment," said DG Macpherson, Chairman and CEO. "Our execution on our strategic initiatives is driving sustained growth and share gain across the business. After another quarter that exceeded expectations, we are increasing our 2022 outlook and remain well-positioned to deliver an exceptionally strong year."
2022 Second Quarter Financial Summary
Revenue
Sales on a reported and daily basis in the quarter increased 19.6% as compared to the second quarter of 2021. Excluding the unfavorable foreign exchange impact of 2.4%, sales on a daily, constant currency basis were up 22.0% compared to the second quarter of 2021.
In the High-Touch Solutions N.A. segment, daily sales were up 22.2% compared to the second quarter of 2021 due to both strong price realization and volume growth across all geographies. In the Endless Assortment segment, daily sales were up 11.4%, versus the second quarter of 2021, or up 21.1% on a daily, constant currency basis, reflecting the significant impact of the depreciating Japanese yen. Segment revenue growth continues to be driven by new customer acquisition at both Zoro and MonotaRO and strong repeat and enterprise customer growth at MonotaRO.
Gross Profit Margin
Gross profit margin for the second quarter of 2022 was 37.6%, a 255 basis point increase compared to the second quarter of 2021. The increase was driven by favorability in both segments and includes the lap of a $63 million pandemic product inventory adjustment in the prior year period within the High-Touch Solution N.A. segment.
In the High-Touch Solutions N.A. segment, gross margin expanded by 275 basis points over the prior year second quarter primarily due to the pandemic product inventory adjustment discussed above. Absent this inventory adjustment, gross margin was up over 25 basis points, primarily due to favorable product mix. In the Endless Assortment segment, gross margin expanded by 100 basis points versus the prior year second quarter driven largely by freight efficiencies as average order value increased at both Zoro and MonotaRO.
Earnings
Operating earnings for the second quarter of 2022 of $534 million were up 60% versus the second quarter of 2021. Operating margin in the quarter of 13.9% increased 350 basis points over the second quarter of 2021 on stronger gross margins in both segments combined with 95 basis points of SG&A leverage gained on strong top-line growth.
Earnings per share of $7.19 in the second quarter of 2022 increased 68.4% compared to the second quarter of 2021 due primarily to the strong operating performance.
Tax Rate
The second quarter 2022 tax rate was 24.8%, compared to 23.6% in the second quarter of 2021. The increase in rate year over year was primarily driven by a smaller benefit from the vesting of stock compensation.
Cash Flow
Operating cash flow for the second quarter of 2022 was $250 million, down $19 million over the second quarter of 2021. The decrease was driven by heightened cash used by working capital as the Company used its balance sheet to support strong top-line growth. This more than offset higher net earnings in the quarter. During the quarter, the Company distributed $219 million to shareholders through dividends and share repurchases.
Guidance
Given the strong first half of 2022, the Company is raising its 2022 full year guidance expectations.
Webcast
The Company will conduct a live conference call and webcast at 11:00 a.m. ET on Friday, July 29, 2022 to discuss the second quarter results. The webcast will be hosted by DG Macpherson, Chairman and CEO, and Deidra Merriwether, Senior Vice President and CFO, and can be accessed at invest.grainger.com. For those unable to participate in the live event, a webcast replay will be available for 90 days at invest.grainger.com.
About Grainger
W.W. Grainger, Inc., with 2021 sales of $13.0 billion, is a leading broad line distributor with operations primarily in North America, Japan and the United Kingdom. Grainger achieves its purpose, We Keep the World Working®, by serving more than 4.5 million customers worldwide with a wide range of product categories that keep customer operations running and their people safe. The Company also delivers services and solutions, such as technical support and inventory management, to provide tangible value and save customers time and money. Grainger offers more than 2 million maintenance, repair and operating (MRO) products in its High-Touch Solutions assortment and more than 30 million products through its expanding Endless Assortment offering. For more information, visit www.grainger.com.
Visit invest.grainger.com to view information about the Company, including a supplement regarding 2022 second quarter results. Additional Company information can be found on the Grainger Investor Relations website which includes our Company Snapshot and ESG report.
Safe Harbor Statement
All statements in this communication, other than those relating to historical facts, are "forward-looking statements." Forward-looking statements can generally be identified by their use of terms such as "anticipate," "estimate," "believe," "expect," "could," "forecast," "may," "intend," "plan," "predict," "project," "will," or "would," and similar terms and phrases, including references to assumptions. Forward-looking statements are not guarantees of future performance and are subject to a number of assumptions, risks and uncertainties, many of which are beyond our control, which could cause actual results to differ materially from such statements. Forward-looking statements include, but are not limited to, statements about future strategic plans and future financial and operating results. Important factors that could cause actual results to differ materially from those presented or implied in the forward-looking statements include, without limitation: the unknown duration and health, economic, operational and financial impacts of the global outbreak of the coronavirus disease 2019 and its variants (COVID-19), as well as the impact of actions taken or contemplated by government authorities to mitigate the spread of COVID-19 (such as vaccine mandates for certain federal contractors, mask mandates, social distancing or other requirements) and to promote economic stability and recovery, on the Company's businesses, its employees, customers and suppliers, including disruption to Grainger's operations resulting from employee illnesses, the development, availability and usage of effective treatment or vaccines, changes in customers' product needs, the acquisition of excess inventory leading to additional inventory carrying costs and inventory obsolescence, raw material, inventory and labor shortages, continued strain on global supply chains, and diminished transportation availability and efficiency, disruption caused by business responses to the COVID-19 pandemic, including remote working arrangements, which may create increased vulnerability to cybersecurity incidents, including breaches of information systems security, adaptions to the Company's controls and procedures required by remote working arrangements, which could impact the design or operating effectiveness of such controls or procedures, and global or regional economic downturns or recessions, which could result in a decline in demand for the Company's products; inflation, higher product costs or other expenses, including operational expenses; the impact of Russia's invasion of Ukraine on the global economy; a major loss of customers; loss or disruption of sources of supply; changes in customer or product mix; increased competitive pricing pressures; failure to enter into or sustain contractual arrangements on a satisfactory basis with group purchasing organizations; failure to develop, manage or implement new technology initiatives or business strategies; failure to adequately protect intellectual property or successfully defend against infringement claims; fluctuations or declines in the Company's gross profit margin; the Company's responses to market pressures; the outcome of pending and future litigation or governmental or regulatory proceedings, including with respect to wage and hour, anti-bribery and corruption, environmental, advertising and marketing, consumer protection, pricing (including disaster or emergency declaration pricing statutes), product liability, compliance or safety, trade and export compliance, general commercial disputes, or privacy and cybersecurity matters; investigations, inquiries, audits and changes in laws and regulations; failure to comply with laws, regulations and standards, including new or stricter environmental laws or regulations; government contract matters; disruption or breaches of information technology or data security systems involving the Company or third parties on which the Company depends; general industry, economic, market or political conditions; general global economic conditions including tariffs and trade issues and policies; currency exchange rate fluctuations; market volatility, including price and trading volume volatility or price declines of the Company's common stock; commodity price volatility; facilities disruptions or shutdowns; higher fuel costs or disruptions in transportation services; geopolitical events, including war or acts of terrorism; other pandemic diseases or viral contagions; natural or human induced disasters, extreme weather and other catastrophes or conditions; effects of climate change; competition for, or failure to attract, retain, train, motivate, and develop key employees; loss of key members of management or key employees; changes in effective tax rates; changes in credit ratings or outlook; the Company's incurrence of indebtedness and other factors that can be found in our filings with the Securities and Exchange Commission, including our most recent periodic reports filed on Form 10-K and Form 10-Q, which are available on our Investor Relations website. Forward-looking statements are given only as of the date of this communication and the Company undertakes no obligation to update or revise any of its forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.
SUPPLEMENTAL INFORMATION - CONDENSED CONSOLIDATED STATEMENTS OF EARNINGS
RECONCILIATION OF GAAP TO NON-GAAP FINANCIAL MEASURES (Unaudited)
The Company supplemented the reporting of financial information determined under U.S. generally accepted accounting principles (GAAP) with the non-GAAP financial measures of daily sales and daily, constant currency sales. The Company believes that these non-GAAP measures provide meaningful information to assist shareholders in understanding financial results and assessing prospects for future performance. Management believes daily sales and daily, constant currency sales are important indicators of operations because they exclude items that may not be indicative of our core operating results, and provide a better baseline for analyzing trends in our underlying businesses. Because non-GAAP financial measures are not standardized, it may not be possible to compare these financial measures with other companies' non-GAAP financial measures having the same or similar names. These adjusted financial measures should not be considered in isolation or as a substitute for reported results. These non-GAAP financial measures reflect an additional way of viewing aspects of operations that, when viewed with GAAP results, provide a more complete understanding of the business. The Company strongly encourages investors and shareholders to review Company financial statements and publicly filed reports in their entirety and not to rely on any single financial measure.
This press release also includes certain non-GAAP forward-looking information. The Company believes that a quantitative reconciliation of such forward-looking information to the most comparable financial measure calculated and presented in accordance with GAAP cannot be made available without unreasonable efforts. A reconciliation of these non-GAAP financial measures would require the Company to predict the timing and likelihood of future restructurings, asset impairments, and other charges. Neither of these forward-looking measures, nor their probable significance, can be quantified with a reasonable degree of accuracy. Accordingly, a reconciliation of the most directly comparable forward-looking GAAP measures is not provided.
The reconciliation provided below reconciles GAAP financial measures to the non-GAAP financial measures: daily sales and daily, constant currency sales.
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KPZ Sub-State (G): St. Marys 78, KC Christian 33
Published: Mar. 3, 2023 at 10:37 PM CST|Updated: 2 hours ago
ST.MARYS, Kan. (WIBW) - KPZ Sub-State (G): St. Marys 78, KC Christian 33
Copyright 2023 WIBW. All rights reserved.
ST.MARYS, Kan. (WIBW) - KPZ Sub-State (G): St. Marys 78, KC Christian 33
Copyright 2023 WIBW. All rights reserved.
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2023-03-04 06:11:39
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Vaccine intake higher among people who knew someone who died of COVID-19: U.S. survey
By Alexandra Mae Jones, CTVNews.ca writer
Click here for updates on this story
TORONTO (CTV Network) — Throughout the pandemic, public health experts have tried numerous strategies to increase vaccine uptake and combat fears surrounding COVID-19 vaccines — but according to a new U.S. survey, having a personal connection to someone who caught COVID-19 may be a greater predictor of vaccine intake than any scientific strategy.
Researchers surveyed more than 1,000 Americans in 2021 regarding whether they had received at least one shot of the COVID-19 vaccine, and outlined their research in a study published in the peer-reviewed journal Vaccine in January.
Participants were asked if they had any family members or friends who had been sick with or died of COVID-19.
What the study found was that those who had witnessed a loved one battle COVID-19 or die of it were more likely to have received at least one shot of the COVID-19 vaccine compared to those who didn’t have any loved ones impacted by the disease.
“These findings should encourage people to share stories about their COVID-19 illness and bereavement experiences with their friends and family as well as through social media as it may motivate people to be vaccinated,” Irina Grafova, health economist at Rutgers School of Public Health and co-author of the study, said in a news release on Feb 3. “It also can help public health professionals design educational strategies to improve calls to action for vaccination.”
In December 2020, the U.S. Food and Drug Administration (FDA) issued an emergency authorization for the Pfizer-BioNTech and the Moderna COVID-19 vaccines. The 2021 survey sought to discover who had taken advantage of the chance to get the vaccine in those first few months of its release in the U.S. and who was more hesitant.
The survey was conducted online in April 2021 and included 1,193 respondents who were eligible for the vaccine at that time. Researchers used a research panel service called Qualtrics, which is a study participant recruitment website within the U.S. Respondents were not aware of the focus of the survey prior to taking it.
The survey allowed participants to select multiple options if they knew more than one person who had been impacted by COVID-19. It also asked participants if they fell into an “essential worker” category, such as health workers, grocery store personnel, postal workers, public transport workers or first responders, in order to determine whether their employment had an impact on their vaccine intake.
Out of the 1,193 respondents, 698 had received at least one vaccine dose, while 495 had not, meaning around 58.5 per cent of those who were eligible had received a dose.
However, those who had personal experience of someone they knew being struck with the virus were far more likely to have received at least one dose by the study period.
Around 73 per cent of those who knew someone who had died of COVID-19 and 72 per cent of those who knew someone who had recovered from COVID-19 had received at least one dose of the vaccine, the survey found.
The study demonstrates that sometimes, “the messenger matters more than the message,” Saurabh Kalra, a doctoral student at the Rutgers School of Public Health and lead author of the study, said in the release.
Hearing about the dangers of COVID-19 from a person you trust can be really important to surmounting hesitations or fears, she said, adding that the opposite is true as well.
“A corollary to this finding is that an influential public figure whom people admire and trust can adversely impact public health if they share misinformation such as the disease is harmless or the vaccines are harmful or unnecessary.”
Researchers noted that their results don’t indicate whether people received their dose before or after their loved one caught COVID-19, so it isn’t known what percentage may have been inspired directly by the experience of their loved one’s illness. But the correlation suggests that there is some connection, they say.
Paul Duberstein, chair and professor in the department of health behaviour, society and policy at Rutgers School of Public Health and co-author of the study, said in the release that there is often a large social element to our health choices, and that decision makers should be taking this into account when constructing vaccine campaigns.
“Most health behaviours, including exercise, smoking and drug use, are subject to peer influence, so it is not surprising that vaccine use is also socially patterned,” he said. “We need to stop acting like people rationally make vaccine decisions by themselves based on a careful weighting of the evidence.”
Those who fell under the umbrella of essential workers were also more likely to have received at least one dose of the vaccine, the study found.
On the flip side, those who had less income and less education were among the populations least likely to have received at least one dose of the vaccine within the first four months of the vaccine being available in the U.S., potentially highlighting populations that public health should be gearing vaccine information campaigns towards.
“A timely vaccination to all eligible individuals worldwide is our only hope to end this pandemic prior to the emergence of newer variants that may make the current vaccinations ineffective,” the study stated in its conclusions.
For more of CTVNews.ca‘s coronavirus coverage, visit: ctvnews.ca/health/coronavirus
Please note: This content carries a strict local market embargo. If you share the same market as the contributor of this article, you may not use it on any platform.
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2023-02-07 16:44:45
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AUSTIN, Texas, Jan. 26, 2023 /PRNewswire/ -- Digital Turbine, Inc. (Nasdaq: APPS), a global mobile platform company, announced it will host a conference call and webcast to discuss its fiscal 2023 third quarter financial results and operating progress on Wednesday, February 8th, at 4:30pm ET/1:30pm PT. The call, hosted by Digital Turbine's Chief Executive Officer Bill Stone and Chief Financial Officer Barrett Garrison, can be accessed by dialing 888-317-6003 in the United States (or 412-317-6061 from international locations) and entering access code 7637186. A live and archived webcast of the call can be accessed via the Investor Relations section of Digital Turbine's website. The webcast will be archived for a period of one year.
For those unable to join the live call, a playback will be available through February 15, 2023. The replay can be accessed by dialing 877-344-7529 in the United States or 412-317-0088 from international locations, passcode 4128001.
About Digital Turbine, Inc.
Digital Turbine is the leading independent mobile growth platform and levels up the landscape for advertisers, publishers, carriers and OEMs. By integrating a full ad stack with proprietary technology built into devices by wireless operators and OEMs, Digital Turbine supercharges advertising and monetization. The company is headquartered in Austin, Texas, with global offices in New York, Los Angeles, San Francisco, London, Berlin, Singapore, Tel Aviv and other cities serving top agency, app developer and advertising markets. For additional information visit www.digitalturbine.com.
Follow Digital Turbine:
Twitter: https://twitter.com/DigitalTurbine
Facebook: https://www.facebook.com/DigitalTurbineInc
LinkedIn: https://www.linkedin.com/company/digital-turbine?trk=tyah&trkInfo=tas:digital+tur
Digital Turbine
Investor Relations Contact:
Brian Bartholomew
Digital Turbine
brian.bartholomew@digitalturbine.com
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The 2023 Wells Fargo Championship Odds & Preview: Tony Finau
After claiming a win in the Mexico Open at Vidanta in his last outing, Tony Finau is set to compete in the 2023 Wells Fargo Championship at Quail Hollow Club in Charlotte, North Carolina from May 4- 7.
Looking to bet on Finau at the Wells Fargo Championship this week? Read on for the betting odds and stats you can use before you make your picks.
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Tony Finau Insights
- Finau has finished below par on 13 occasions, completed his day without a bogey once and finished 16 rounds with a better-than-average score over his last 20 rounds played.
- He has recorded the best score of the day in one of his last 20 rounds, while scoring among the top five in three rounds and the top 10 on five occasions.
- Finau has carded a score within three shots of the day's best in three of his last 20 rounds, while finishing within five strokes of the top score of the day 11 times.
- In his past five tournaments, Finau has finished atop the leaderboard once.
- Finau has finished with a score better than the tournament average in each of his past five tournaments, including one finish within three shots of the leader.
- Finau will try to make the cut for the 13th time in a row by qualifying for the weekend in this tournament.
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Over the last year
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Wells Fargo Championship Insights and Stats
- In Finau's past six appearances at this event, he has finished among the top 20 once, and his average finish has been 33rd.
- Finau has five made cuts in his past six appearances at this tournament.
- Finau finished 41st in his most recent appearance at this tournament (2022).
- In the past year, the Tour has played courses with an average length of 7,295 yards, 243 yards shorter than the 7,538-yard par 71 for this week's event.
- The average course on the PGA Tour in the past year has played to 69.75 strokes per round and a score of -5. At Quail Hollow Club, the scoring average is higher at -1 per tournament.
- Courses that Finau has played in the past year have measured an average of 7,310 yards, 228 yards shorter than the 7,538-yard Quail Hollow Club this week.
- In the past year, the events he has played have had a scoring average of -4 among finishers, lower than the -1 average at this course.
Finau's Last Time Out
- Finau was in the 94th percentile on par 3s at the Mexico Open at Vidanta, with an average of 2.8 strokes on the 20 par-3 holes.
- He shot well to finish in the 99th percentile on par 4s at the Mexico Open at Vidanta, averaging 3.78 strokes on those 36 holes.
- On the 16 par-5 holes at the Mexico Open at Vidanta, Finau shot better than 96% of the competitors (averaging 4.25 strokes).
- Finau recorded a birdie or better on five of 20 par-3s at the Mexico Open at Vidanta (the other competitors averaged 1.8).
- On the 20 par-3s at the Mexico Open at Vidanta, Finau recorded one bogey or worse (less than the field average of 2.4).
- Finau's 10 birdies or better on par-4s at the Mexico Open at Vidanta were more than the field average of five.
- In that most recent outing, Finau's showing on the 36 par-4s included a bogey or worse two times (the field's average was worse, at 5.3).
- Finau ended the Mexico Open at Vidanta recording a birdie or better on 12 par-5 holes, compared to the field average of 5.5 on the 16 par-5s.
- The field at the Mexico Open at Vidanta averaged 0.8 bogeys or worse on the 16 par-5s, but Finau finished without one.
Wells Fargo Championship Time and Date Info
- Date: May 4- 7, 2023
- Course: Quail Hollow Club
- Location: Charlotte, North Carolina
- Par: 71 / 7,538 yards
- Finau Odds to Win: +1600 (Bet now with BetMGM!)
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KALAMAZOO, Michigan, USA, May 2, 2023 /PRNewswire/ -- Stryker (NYSE:SYK), one of the world's leading medical technology companies, announced today that it has completed the acquisition of Cerus Endovascular Ltd., a privately held, commercial-stage, medical device company engaged in the design and development of neurointerventional devices for the treatment of intracranial aneurysms. Cerus Endovascular's CE Marked products, the Contour Neurovascular System and the Neqstent Coil Assisted Flow Diverter, will expand Stryker's current portfolio of aneurysm treatment solutions.
Technology for the endovascular treatment of aneurysms has been foundational to Stryker's Neurovascular division and Cerus Endovascular's portfolio will address the growing need for one-and-done intrasaccular aneurysm therapy.
"The acquisition of Cerus Endovascular is highly complementary to Stryker's Neurovascular business, and strengthens our hemorrhagic portfolio globally," stated Jim Marucci, president of Stryker's Neurovascular division. "We look forward to working with the Cerus team to deliver on our mission of making healthcare better. Together, we will enable physicians to treat a broader range of aneurysms."
About Stryker
Stryker is one of the world's leading medical technology companies and, together with its customers, is driven to make healthcare better. The company offers innovative products and services in Medical and Surgical, Neurotechnology, Orthopaedics and Spine that help improve patient and healthcare outcomes. Alongside its customers around the world, Stryker impacts more than 130 million patients annually. More information is available at www.stryker.com.
Media contact
Lindsay Harris
Global Director, Digital, Marcom and Events
lindsay.harris@stryker.com
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2023-05-02 13:07:23
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ATLANTA, Feb. 6, 2023 /PRNewswire/ -- Delta, a global leader in power and thermal management solutions, today demonstrated, at AHR Expo 2023, a seamlessly integrated ecosystem of IoT-based Smart Green Solutions capable of enhancing energy conservation, productivity, security and indoor air quality (IAQ) in buildings and cities. Visitors will experience the new Red5 IoT building controllers leveraging environmental data from the O3 Edge, over 10 parameters of indoor environment quality data from the new UNOnext Indoor Air Quality Monitoring System, and data from surveillance systems, to turn HVAC, LED lighting and other building platforms into intelligent, eco-friendly and human-centric infrastructure.
"By featuring IoT connectivity, intelligent control and an emphasis on sustainability, our uniquely diversified portfolio of building solutions showcased at AHR 2023 truly reflects Delta's corporate mission 'To provide innovative, clean and energy-efficient solutions for a better tomorrow'", said Kelvin Huang, President of Delta Americas. He added, "As a world-class corporate citizen that has, not only committed to the RE100 global initiative with a promise to operate 100% on renewable energy by 2030, but also helped its worldwide customers save more than 35.9 billion kWh of electricity over the past decade, Delta remains focused on developing solutions that nurture the pillars of sustainable cities and buildings: Higher productivity, energy efficiency, health and wellbeing."
Key highlights and solutions on display at Delta's AHR booth #C5307 (Building C, Level 1 – C5307), include smart building automation by Delta Controls and LOYTEC, smart LED lighting by Amerlux, surveillance and security systems by VIVOTEK, IP software/systems by March Networks, as well as the new UNOnext Indoor Air Quality Monitoring System.
Building Automation Solutions
Delta is committed to leading building automation into a sustainable future. The Delta Partnership ensures that customers have everything they need to design and operate sustainable building solutions under one roof, powered by our networks of Industry-leading companies. With best-in-class products from Delta Electronics and its brands including Amerlux, Delta Controls, LOYTEC, March Networks, and VIVOTEK, Delta's integrated building solutions seamlessly connect building operation to the IP-based network and bring value-added services to our customers. Whether customers need Smart Surveillance, Access Controls, Room Automation, HVAC, IAQ, Lighting, or others, Delta's Building Automation solutions can extend their smart building possibilities.
Delta Controls will be unveiling its latest in building controls – the Red5 product line. Red5 is Delta Controls' next generation of native BACnet controllers with secure and scalable IoT connectivity. Offering faster processing speed and flexibility, increased memory and I/O modularity, and numerous retrofit options, customers will be able to continuously expand their building control system by integrating the newest, cutting-edge technologies.
LOYTEC will display various smart building solutions, including HVAC and lighting control, people counting, and asset tracking, that fully benefit from their renowned multi-protocol, distributed IP-based building automation infrastructure. IP systems from LOYTEC provide superior interoperability, enhancing building data transparency with minimal engineering efforts. Showcasing Bluetooth™ demonstrates how LOYTEC has strengthened their wireless portfolio, making smarter buildings a reality.
Industrial Automation Solutions
With over 50 years of experience in power technologies, Delta delivers an extensive range of industrial power supplies comprised of DIN rail, panel mount, and open frame types, that meet industry standards. Designed to work seamlessly with Delta DIN rail power supplies, Delta's power supplies can be used in the industrial automation environment, for renewable energy, medical equipment, and more.
Delta's IIoT solutions increase networking and data exchange capabilities, while reducing machine downtime, and existing machines can be upgraded to be IIoT smart machines simply by adding an IIoT function card to an existing Delta AS PLC.
Indoor Air Quality, including Sensors, Fans and Thermal Management
The new UNOnext Indoor Air Quality Monitoring System help improve health conditions in buildings by providing real-time monitoring of over 10 indoor environment quality parameters, including CO (carbon monoxide), PM2.5 particles and TVOC (total volatile organic components), and supports edge-side logic control to ERV and FC.
Developed with Delta's brushless DC motor technology, Delta Breez introduces the Rio Vista (8-blade) and Pleasanton (5-blade) Ceiling Fan Series, both of which can provide year-round comfort and improved indoor air quality for your home or business. Recognized as Most Efficient of ENERGY STAR 2023, the bi-directional Breez fans are 70% more energy efficient product compared to similar AC motor products, offer smooth start-up, virtually silent operation, and provide even airflow across an entire space, whether indoors or outdoors. For a portable option, The Breez AMR1200 is a powerful and quiet air mover with 3-speed options ranging from 800 – 1200 CFM – perfect for drying a space.
Human-Centric Lighting
Standard and custom linear and ambient lighting options from Amerlux offer concentration and cognitive improvements without sacrificing aesthetics or control. With designs that let the interior design and not the lighting take center stage, Amerlux's products balance clean, minimal aesthetic design with industry leading optical performance. At the booth, Amerlux will showcase first-class architectural lighting options and SmartSite Connected Luminaires, including a wireless control system powered by Synapse that provides basic and advanced controls, allowing it to serve as the foundation of emerging IoT applications.
Security and Surveillance
VIVOTEK's newest outdoor network cameras boast superb image quality in any environment, with no blind spots – perfect for open areas such as airports, schools, and parking garages. Advanced H.265 compressing and image identification technologies also reduce your bandwidth and keep data storage consumption to a minimum, without missing an event. Paired with March Networks® Cloud options that enable customers to create dashboards and reports customized for their business needs, Delta's surveillance solutions are ideal for remote management.
About Delta Electronics (Americas)
Delta Electronics (Americas) was established 38 years ago and has grown to over one thousand employees in the entire Americas region. Delta has offices, R&D centers, manufacturing, distribution and repair centers in multiple locations in the United States, Mexico and South America. In the U.S., operations are located in Fremont, Los Angeles, San Diego, Seattle, Austin, Dallas, Houston, Raleigh, Boston and Detroit to better serve its diverse customer base. Outside the U.S., Delta continues to expand its Americas operations in Mexico, Argentina, Brazil and Canada.
Delta Electronics (Americas) serves the IT, communications, industrial automation, renewable energy, lighting, power tool, automotive electric vehicle and other major industries. Products include power electronics, DC brushless fans, visual displays, industrial automation, networking products, electronic components, consumer products and energy efficient and renewable energy products. The company is always striving to define new ways to improve the energy efficiency of its products through advanced research and product development.
For more information, please visit: www.delta-americas.com
About Delta
Delta, founded in 1971, is a global leader in switching power supplies and thermal management products with a thriving portfolio of smart energy-saving systems and solutions in the fields of industrial automation, building automation, telecom power, data centre infrastructure, EV charging, renewable energy, energy storage and display, to nurture the development of smart manufacturing and sustainable cities. As a world-class corporate citizen guided by its mission statement, "To provide innovative, clean and energy-efficient solutions for a better tomorrow," Delta leverages its core competence in high-efficiency power electronics and its ESG-embedded business model to address key environmental issues, such as climate change. Delta serves customers through its sales offices, R&D centres and manufacturing facilities spread over close to 200 locations across 5 continents.
Throughout its history, Delta has received various global awards and recognition for its business achievements, innovative technologies and dedication to ESG. Since 2011, Delta has been listed on the DJSI World Index of Dow Jones Sustainability™ Indices for 11 consecutive years. In 2022, Delta was also recognized by CDP with leadership level ratings for its substantial contribution to climate change and water security issues and named Supplier Engagement Leader for its continuous development of a sustainable value chain.
For detailed information about Delta, please visit: www.deltaww.com
Media Contacts:
Delta Electronics (Americas)
Public Relations
Arthur Jen
+1 (510) 338-4076
arthur.jen@deltaww.com
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2023-02-06 11:26:54
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(The Hill) — Former Vice President Mike Pence will not be present when the House Jan. 6 committee holds a prime-time hearing on Thursday, but he will be a central figure as the panel makes its first presentation to the public of what unfolded before and during the riot at the Capitol.
Pence has not directly cooperated with the committee, but some of his former aides have. In recent months, a steady stream of new details has come out about Pence’s actions on Jan. 6, 2021, and he has publicly rebuked former President Trump for saying the election was stolen.
“I anticipate that we will hear about Mike Pence on Thursday night. You can’t tell the story without him,” said Norm Eisen, who served as special counsel to Democrats during Trump’s first impeachment.
Pence’s role in certifying the Electoral College results on Jan. 6, 2021, hours after hundreds of pro-Trump rioters stormed the Capitol, has only become more of a flashpoint in the investigation of the day’s events and in Republican politics more broadly.
Rep. Jamie Raskin (D-Md.), a member of the House panel investigating Jan. 6, has emphasized the significance of Pence refusing to leave the Capitol as rioters were inside the building, suggesting to do so would have given an opening for Trump’s allies to follow through on their plan in Pence’s absence.
The New York Times reported late last month that at least one witness indicated to the committee that Trump reacted approvingly to chants calling for Pence to be hanged.
And the Times also reported in recent days that Pence’s former chief of staff Marc Short alerted Secret Service the day before the insurrection to warn of the potential security risks to Pence should Trump publicly turn on his vice president.
The committee is likely to make the threat to Pence a central part of its presentation to the public as it seeks to capture public attention and lay out the gravity of the situation.
The Washington Post reported that Michael Luttig, a conservative lawyer who advised Pence on handling his duties on Jan. 6, as well as former Pence aides Marc Short and Greg Jacob are among those expected to appear as witnesses during Thursday’s prime-time hearings.
Eisen said showing how Pence rejected some of the legal arguments concocted by Trump’s advisers would help rebuff GOP attempts to brush off the committee’s findings as partisan.
“So, the other way that Pence comes in is as a dose of reality in response to these lunatic legal theories that were circulating. So that’s an important part of the narrative,” Eisen said.
Pence himself has grown increasingly willing to break with Trump over the events of Jan. 6 in particular as he charts his own post-White House path.
The former vice president repeatedly referred to Jan. 6 as a “dark day” in history and spoke about upholding his constitutional duty in remarks to various conservative groups after leaving office.
As Trump continued to make debunked claims that the 2020 election was rigged, Pence went a step further. In February, Pence explicitly said Trump was wrong to suggest he could overturn the result of the presidential election.
“Under the Constitution, I had no right to change the outcome of our election. And Kamala Harris will have no right to overturn the election when we beat them in 2024,” Pence said at the time.
Still, Pence has personally kept the Jan. 6 committee at arm’s length in public.
In October, Pence suggested the media was focusing on the riot so extensively to distract from the Biden administration’s difficulties with the Afghanistan withdrawal and other domestic issues.
And while former aides like Short and Keith Kellogg have testified before the panel behind closed doors, Pence himself has yet to come before the committee.
A Pence spokesperson did not respond to a request for comment, including on whether there had been any communication between Pence and the committee.
“We have wanted to make sure that we get as much information as possible from as many material witnesses as possible,” Raskin said Monday during a Washington Post Live event when asked about the prospect of Pence testifying.
“We want to figure out exactly what happened. And Vice President Pence was obviously the object of this political onslaught on Jan. 6, so we need to fill in the details as much as possible about what happened there.”
Asked if Pence’s life was in danger on Jan. 6, Raskin urged the public to tune in on Thursday night.
“Watch the hearings,” Raskin said. “The hearings will tell a story about what took place on that day.”
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2022-06-08 17:10:04
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MANCHESTER, England (AP) — When racism was rife in English soccer and hooliganism was on the rise, Black players were only just beginning to integrate into some of the league’s biggest teams.
Liverpool, arguably the most famous soccer club in the world at the time, fielded its first Black player in 1980. Chelsea followed two years later by bringing in Paul Canoville.
The Chelsea player was regularly called “the N-word,” often told to “go home” and had bananas thrown at him. “Why do they always throw fruit like a banana?” the British-born Canoville said in an interview with The Associated Press. “What, I’m going to act like an ape?”
Even more astounding was the source of the vitriol.
“It wasn’t the away fans that were racially abusing me. It was the majority of my own fans,” Canoville said. “I didn’t expect that at all.”
Now 61, Canoville has become a reference point to a shameful period in Chelsea’s — and English soccer’s — past, and provides a constant reminder of the work the sport still needs to do to fight racism amid increasing examples of players being subjected to hatred worldwide.
“If you want to keep this game alive, you’ve got to deal with this,” Canoville said. “Players like myself, young Black players, shouldn’t be quiet. They should say something right there and then.”
“I didn’t at that time and I’ve had to learn from that. That’s something I teach to up-and-coming players now.”
Canoville didn’t win any major titles while playing five years for Chelsea, but his name is indelibly written in the club’s history because of the vicious racial abuse he endured; he now has a hospitality lounge named in his honor at Stamford Bridge, the team’s home stadium in west London.
There was no safety net for Canoville or other Black players being racially abused — a problem epitomized by a heart-wrenching photo of Liverpool great John Barnes kicking a banana off the field with his heel in 1988.
“Five thousand people behind the goal singing ‘Black this, Black that.’ That’s difficult to play in front of,” said Mark Bright, who played for several English clubs in the 1980s and 1990s and is now an ambassador and talent scout for one of his former teams. “Black guy scored a goal and they didn’t like him and monkey chants come out.”
“The TV companies failed us, the radio failed us, the (Professional Footballers’ Association) failed us,” Bright, now 60, told the AP. “They didn’t make a stand against it.”
The problem is not restricted to the best players in the sport. British anti-racism charity Kick It Out says last year there was a 41% increase in reports of all forms of discrimination in youth and amateur soccer, the majority relating to race.
The Show Racism the Red Card campaign has helped raise awareness of the problem. The anti-racism charity, launched in 1996, continues to use soccer players to help educate young people and tackle racism in British society.
The experiences of Canoville and Bright could help younger players like Vinícius Júnior, the Real Madrid player who has been the target of some of the worst recent racist abuse. Vinícius, who scored a goal playing for Brazil’s national team at last year’s World Cup in Qatar, is widely-regarded as a potential heir to Lionel Messi and Cristiano Ronaldo as soccer’s next global superstar.
But, say players who recall past decades of abusive behavior, those in positions of power need to step in.
Former Manchester United captain Gary Neville, now a soccer television commentator, believes racism has been overlooked for too long and concedes he could have dealt with it better as a player and coach.
He was a member of the England national team when its Black players were racially abused during a game against Spain in Madrid in 2004.
“We came back into the changing room after the game and the attitude was, ‘Let’s get on with our jobs,’” Neville said. “You swept it under the carpet. You didn’t want to speak about it.”
He said that mentality continued when he was part of England’s coaching staff and another Black player, Raheem Sterling, raised concerns about attacks aimed at him in 2016.
“He came to me to say, ‘Why am I being victimized?’” Neville said. “I, as a coach, failed in my duty, I believe, to deal with it properly, not mentioning the fact that the color of his skin was causing … him to have treatment beyond players who were white.”
Neville has been outspoken on race and political issues in recent years, even criticizing then-British Prime Minister Boris Johnson in 2021 for failing to condemn fans who booed when England players took a knee before games following the death of George Floyd.
Black players like Marcus Rashford and Bukayo Saka have flourished even after being targeted online for missing penalties in England’s shootout loss to Italy in the European Championship final in 2020. But a third Black player who also missed a penalty and was racially abused, Jadon Sancho, has struggled on the field ever since.
None of those attacks came as a surprise to Canoville, whose own abuse came before the internet and mobile phones.
“I expected it right away,” he said, adding that Twitter and other social media platforms should have acted quickly to take it down. “They didn’t. They allowed that. That’s deadly, man, to read that.”
For Canoville, even taking the field led to a feeling of dread because of the abuse and he spent nights agonizing about his game in a bid to win over his abusers.
“The manager came to the side,” Canoville remembered. “He said he could imagine what I was feeling in that moment, but these are the same ignorant fans that are paying your wages.”
When his career was cut short by injury, Canoville fell into drug addiction and suffered mental health problems. In and out of rehab, he also underwent chemotherapy for cancer. He finally got clean, and was told he was cancer-free, in 2005. His award-winning memoir “Black And Blue” came out in 2008.
He believes many of his struggles with addiction stem from his experiences at Chelsea.
“I was trying to deal with it myself and that is not a good thing,” he said. “I probably had mental health issues that I didn’t realize because I thought it was my fault why I wasn’t accepted by certain fans.”
Canoville now runs a foundation to educate young people, holding events around the country that teach Black history, anti-racism, dealing with addiction and overcoming adversity. And after all these years, he is now treated like an all-time great by Chelsea fans — even some who abused him in the past.
“They explain, ‘I didn’t know what I was doing. I was just following my friends or my father,’” he said. “It is late, but they know now how I felt. That’s the good thing.”
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Pugmire reported from London.
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James Robson is at https://twitter.com/jamesalanrobson
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More AP soccer: https://apnews.com/hub/Soccer and https://twitter.com/AP_Sports
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2023-06-06 03:32:37
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Designers Justina Blakeney and Jonathan Adler Showcase the Vibrant New Products
KOHLER, Wis., July 25, 2023 /PRNewswire/ -- In honor of the company's 150th anniversary, Kohler has officially launched the Heritage Colors Collection featuring vintage Spring Green and Peachblow colors on select kitchen and bath products now available for purchase. The Heritage Colors Collection showcases Kohler's design leadership and celebrates the dynamic use of color as an innovative movement within the global company's iconic legacy.
Kohler first introduced vibrant, colorful products in 1927 to great acclaim and inspired turn-of-the-century America to look beyond the utilitarian white fixtures of the day. The bold colorful products created a cataclysmic shift within residential design bringing warmth and personality into the home – and gracious living into everyday life.
To help celebrate the launch, color authorities and renowned designers Justina Blakeney and Jonathan Adler each showcase their own unique style and creativity by designing inspirational bathroom spaces with Heritage Colors Collection products. Known for creating vibrant rooms full of life, Justina and Jonathan demonstrate how color can be incorporated into the home to help accentuate personal style when designing kitchen and bath spaces. View the bathrooms here.
The exclusive Heritage Colors Collection features a variety of signature KOHLER products in Spring Green (1927) inspired by the blue-green waters of a cool northern spring, and Peachblow (1934) an original pastel that can be a standout as well as a complementary natural tone:
- Artifacts® Freestanding Bath with Heritage Colors Exterior, White Interior and Claw Feet
available in Heritage Color-matched hues - Brockway® Kitchen Sink with Heritage Colors Exterior and White Enamel Interior
- Farmstead® Kitchen Sink with Heritage Colors Exterior, White Enamel Interior and Heritage Color-matched Legs
- Memoirs® Two-Piece Concealed Toilet
- Memoirs® 30" Pedestal Lavatory or Console Table
- San Souci® One-Piece Skirted Toilet
- Vox® Rectangular Vessel
The products are available for a limited time through Kohler.com, Kohler Signature Stores, Kohler Experience Centers, and Kohler registered showrooms nationwide.
For more information, visit www.kohler.com/forever-in-color.
About Kohler Co.
Founded in 1873 and headquartered in Kohler, Wisconsin, Kohler Co. is one of America's oldest and largest privately held companies comprised of more than 40,000 associates. With more than 50 manufacturing locations worldwide, Kohler is a global leader in the design, innovation and manufacture of kitchen and bath products; luxury cabinetry, tile and lighting; engines, generators, and clean energy solutions; and owner/operator of two, five-star hospitality and golf resort destinations in Kohler, Wisconsin, and St. Andrews, Scotland. Kohler's Whistling Straits golf course recently hosted the 43rd Ryder Cup in 2021. The company also develops solutions to address pressing issues, such as clean water and sanitation, for underserved communities around the world to enhance the quality of life for current and future generations. For more details, please visit KohlerCompany.com.
Media Contact
Jillian Rosone
Kohler Public Relations
Jillian.Rosone@kohler.com
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2023-07-25 18:22:08
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Harry Styles wins album of the year and other big moments from the Grammys
By Alli Rosenbloom, CNN
There’s probably a party over at Harry’s house on Sunday night because Harry Styles took home the trophy for album of the year at the Grammy Awards for his 2022 hit album “Harry’s House.”
“I’ve been so, so inspired by every artist in this category with me at a lot of different times in my life,” Styles said as he accepted his award. “I think — like on nights like tonight — it’s obviously so important for us to remember that there is no such thing as best in music.”
Styles added, “This doesn’t happen to people like me very often and this is so, so nice.”
The win came as a surprise to some, as Beyoncé, who had a record-making night, and Bad Bunny, who would have made history with his win, were considered top contenders going into the night, as was Adele, who was up for a possible repeat win.
“Harry’s House,” the singer’s third studio album, debuted at No. 1 on the Billboard charts and included Styles’ hit “As It Was,” which stayed at No. 1 on the charts for 15 consecutive weeks..
Here are some other notable moments from the Grammys.
Tributes to music history
There were, as always, many performances on the Grammys stage that brought the audience to their feet. This year, the 2023 ceremony featured a number of performances that nodded to celebrating music itself.
Stevie Wonder led a performance to honor Motown Founder Berry Gordy and Smokey Robinson as MusiCares Persons of Year.
Wonder performed “The Way You Do the Things You Do” by the Temptations and was joined by Robinson to sing “Tears of a Clown,” then Wonder and Chris Stapleton performed “Higher Ground.”
In another ode, Busta Rhymes, Method Man, Queen Latifah, Missy Elliot and more celebrated 50 years of hip-hop with a high energy medley that saw Jay-Z, Adele and HER dancing and singing along from their seats.
“Hip-hop will live everywhere, forever,” Queen Latifah said as the medley transitioned into Nelly’s performance.
At the end of the medley, each artist that performed gathered on the stage for the grand finale. “Hip-hop is a global platform today,” LL Cool J said, adding “we’re celebrating the 50th anniversary of hip-hop… for the culture!”
Questlove produced and served as the segment’s musical director, accompanied by The Roots.
Moving moments honoring those we lost
Rapper Quavo took the stage with gospel group Maverick City Music for a moving performance of “Without You,” honoring his nephew and fellow Migos member Takeoff during the in memoriam tribute.
Takeoff, who was one-third of the platinum-selling rap group Migos, was shot and killed in November 2022 in Houston, Texas. He was 28.
“Without You” was released in January in honor of Takeoff, with the lyrics speaking to Quavo’s grief for his loved one and collaborator. Adding to the emotion of the moment, Quavo held up a diamond pendant necklace that appeared to belong to the late rapper.
Country star Kacey Musgraves honored the late Loretta Lynn with a moving acoustic performance of Lynn’s 1971 hit “Coal Miner’s Daughter.” Musgraves played Lynn’s guitar as she sang, according to the Recording Academy.
In one of the most poignant moments of the tribute segment, Sheryl Crow teamed up with Mick Fleetwood and Bonnie Raitt to honor the late Fleetwood Mac member Christine McVie, who died in November.
David Crosby, Jeff Beck, Lisa Marie Presley, Irene Cara, Naomi Judd, Olivia Newton-John and Coolio were among the late artists honored elsewhere in the tribute.
Women making history
One of the night’s first history-making moments happened even before the stars took their seats for the main ceremony.
Viola Davis won a Grammy for best audio book, narration and storytelling recording for the audio book of her memoir “Finding Me” at the Grammy’s Premiere Ceremony, during which the non-broadcast winners of the night are announced, completing the star’s EGOT collection. (An EGOT is an artist who has won an Emmy, Grammy, Oscar and a Tony Award in their career.)
“I wrote this book to honor the 6-year-old Viola,” Davis said in her acceptance speech. “To honor her life, her joy, her trauma, everything. And, it has just been such a journey — I just EGOT!”
This was Davis’s first-ever Grammy nomination and win. She previously won an Emmy for her role in “How to Get Away with Murder,” an Oscar for “Fences” and two Tony awards for “King Hedley III” and “Fences.”
Davis later appeared at the live Grammys ceremony to present the award for best R&B song, during which the audience greeted her with raucous applause and a standing ovation, acknowledging her accomplishment.
Another powerful moment was when pop singer Kim Petras and Sam Smith won for best pop duo/group performance for “Unholy.”
Petras, the first transgender woman to win in the category, made an impassioned acceptance speech to commemorate the moment, dedicating the award to the “transgender legends before me who kicked these doors open for me.” Petras also thanked Madonna for supporting LGBTQ rights and her mother for supporting her transition.
While Petras isn’t the first trans performer to win a Grammy, she’s one of the most visible winners. The composer Wendy Carlos won several Grammys in the 1960s, according to Out. This year, the celebrated DJ Honey Dijon was also nominated for a Grammy for Beyoncé’s smash hit “Renaissance.”
Then there was Beyoncé herself, who became the most awarded artist in Grammys history, with a record 32 wins.
Beyoncé’s wins included best dance/electronic recording, best traditional R&B performance, best dance recording and best dance and electronic album.
In her speech, Beyoncé thanked her late Uncle Johnny, whose name she famously drops in the song “Heated,” as well as her husband and three children. She also acknowledged the LGBTQ artists who inspired and directly contributed to “Renaissance.”
“I’d like to thank the queer community for your love and for inventing the genre,” she said.
Lizzo, also a winner tonight, perhaps put it best in her own acceptance speech, in which she addressed Beyonceé directly: “You clearly are the artist of our lives.”
Fashion as only the Grammys could do
Only at the Grammy Awards can Styles wear a fully beaded silver jumpsuit onstage and another chest-bearing, crystal encrusted jumpsuit by Egonlab and Swarovski on the red carpet.
But Style’s fringed frock wasn’t the only notable look at this year’s ceremony.
Beyoncé, Mary J. Blige and even presenter Jill Biden were all on Style’s page with the silver trend. But it was Cardi B’s dangerously sharp blue and silver Paco Rabanne gown that grabbed the most attention as she presented Kendrick Lamar with the best rap album trophy. The look was topped off with a geometric, mesh headpiece.
Lizzo, as always, made waves on the red carpet with her bright orange Dolce & Gabbana gown, complete with a cape covered in floral appliques.
Petras walked the red carpet in her red hot ruffled dress that included a matching red veil. Petra’s “Unholy” collaborator, and fellow Grammy winner, Smith also dawned red, wearing a long red coat, with a matching red tophat, cane and gloves. Both artists wore Valentino ensembles.
Kacey Musgraves was perfect in a baby pink Valentino jumpsuit with an oversized, feathered cape to match.
And some artists made curious decisions, like Coldplay singer Chris Martin’s casual sweater and beanie combo for the black-tie event.
But at the Grammy Awards, there’s really one rule: You do you.
The-CNN-Wire
™ & © 2023 Cable News Network, Inc., a Warner Bros. Discovery Company. All rights reserved.
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2023-02-06 07:00:48
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The mother of the officer who died amid the storming of the Capitol on Jan. 6, 2021, says in a new ad that her son died “because of people like Kari Lake,” the Republican nominee for governor of Arizona.
The ad from the Republican Accountability Project, a political action committee that opposes Republicans who supported efforts to overturn the results of the 2020 presidential election, features Gladys Sicknick, the mother of fallen U.S. Capitol Police officer Brian Sicknick.
Sicknick says in the ad that Lake saw what happened during the insurrection and continues to spread false information about the 2020 presidential election being stolen from former President Trump.
“It’s very dire for our democracy, for our country, with the candidates like Kari Lake,” she said. “My son died because of people like Kari Lake.”
Sicknick said more violence will occur in the future if people “believe whatever she says.”
The ad includes clips from the rioters storming the Capitol and Lake making speeches, including a couple appearances she did with Trump.
Brian Sicknick died one day after the insurrection, which the D.C. chief medical examiner attributed to two strokes, concluding he died from natural causes.
Brian Sicknick’s partner, Sandra Garza, said in June that she blamed those around Trump, specifically his daughter Ivanka Trump and son-in-law Jared Kushner, for not speaking publicly before the insurrection that the 2020 election was legitimate.
Sicknick was sprayed with a chemical irritant, but the medical examiner did not find evidence that he had any allergic reaction to it. The man who sprayed Sicknick with the irritant, George Tanios, pleaded guilty to disorderly conduct and trespassing charges in July and could be sentenced to up to a year in prison in December.
Lake has been a close ally of Trump and has openly questioned the legitimacy of President Biden’s victory in the 2020 election.
Polling has recently shown Lake pulling ahead of her Democratic rival, Arizona Secretary of State Katie Hobbs, but a Fox News poll released Tuesday showed her only ahead by 1 point.
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2022-11-02 23:57:26
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World Series rainout, Astros-Phils to play Game 3 Tuesday
PHILADELPHIA (AP) — Game 3 of the World Series between the Philadelphia Phillies and Houston Astros was postponed by rain Monday night with the matchup tied 1-1.
The rainout moved Game 3 to Tuesday night at Citizens Bank Park, when the weather was supposed to be all clear.
The teams worked out on the field before the tarp was put down around 5 p.m., about three hours before the scheduled first pitch.
Game 4 will now be played Wednesday and Game 5 is set for the scheduled travel day on Thursday night. Game 5 will compete with the NFL game that has, of all teams, the Philadelphia Eagles in Houston against the Texans.
After two games in Houston, the World Series had moved to Philly for Monday night and the Astros were set to send right-hander Lance McCullers Jr. against Phillies righty Noah Syndergaard.
Astros manager Dusty Baker said McCullers would remain the starter for Game 3 if there was a rainout. There was no immediate indication if Syndergaard would pitch for the Phillies.
The Astros had not named a Game 4 starter and the Phillies were going with lefty Ranger Suárez.
The Phillies clinched the NL Championship Series with a win against San Diego on a rainy, gusty Sunday. The Phillies famously won the 2008 World Series with a Game 5 victory that took three days to complete because of heavy rain.
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https://apnews.com/hub/mlb and https://twitter.com/AP_Sports
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2022-10-31 23:22:23
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Justice Department tells court there’s evidence of a crime in bid to force more answers from Trump attorney
By Kaitlan Collins, Katelyn Polantz and Kristen Holmes, CNN
Federal prosecutors investigating former President Donald Trump’s handling of classified documents are asking a court to force his attorney Evan Corcoran to provide additional testimony, two sources familiar with the Justice Department’s motion told CNN.
To overcome the shield of attorney-client privilege, prosecutors alleged in writing to the judge that the former president used his attorney in furtherance of a crime or fraud, according to one source.
The move represents the most aggressive yet by special counsel Jack Smith, who is leading the investigation.
Corcoran recently appeared before the grand jury for roughly four hours and is the third attorney to testify before the grand jury. He has not yet appeared a second time, and it remains to be seen if he ultimately does.
The New York Times first reported on the effort to compel Corcoran.
The case and filing remain under seal.
It was unclear on Tuesday whether the Justice Department has developed new evidence to argue there was criminal planning, or whether prosecutors are resting on the same arguments made when prosecutors sought a search warrant for Mar-a-Lago last year. At that time, they had cause to believe federal records were moved or concealed within the beach club, and they have been investigating both mishandling of national security records and obstruction of justice.
CNN previously reported that Corcoran first testified to the grand jury last month when he was asked about what happened in the lead-up to the August search of Trump’s Mar-a-Lago residence, a person familiar with the situation said.
Corcoran declined to answer some questions before the grand jury that would have divulged his advice to Trump and their conversations, citing attorney-client privilege, the source added.
Corcoran had drafted a statement in June that attested Trump’s team had done a “diligent search” and there were no more classified documents at Trump’s Florida residence.
After that, the FBI searched Mar-a-Lago and found hundreds of government records, including classified material. The Trump team found even more classified material in subsequent searches they conducted and turned what they found over to the Justice Department.
CNN has reached out to Trump’s spokesman and the Justice Department for comment.
This story is breaking and will be updated.
The-CNN-Wire
™ & © 2023 Cable News Network, Inc., a Warner Bros. Discovery Company. All rights reserved.
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DALLAS (KDAF) — A new report from rent.com is looking at annual changes in rent prices in Dallas and it may surprise you how much rent prices are going up.
According to the report, apartment rental prices have significantly increased in the Dallas area annually. The average rent for apartments in Dallas is between $1,463 and $2,241 in 2022.
- Studio apartment rent saw an 18% annual increase. The average studio rent is $1,463
- One-bedroom apartment rent saw a 10% annual increase. The average rent for a one-bedroom is $1,544
- Two-bedroom apartment rent saw a 37% annual increase. The average two-bedroom rent is $2,120
- Three-bedroom apartment rent saw a 54% annual increase. The average rent is $2,421
For the full report, visit rent.com.
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2022-08-01 20:01:49
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LOS ANGELES, July 26, 2022 /PRNewswire/ -- The Law Offices of Frank R. Cruz announces that investors with substantial losses have opportunity to lead the securities fraud class action lawsuit against Yext, Inc. ("Yext" or the "Company") (NYSE: YEXT).
Class Period: March 4, 2021 – March 8, 2022
Lead Plaintiff Deadline: August 16, 2022
If you are a shareholder who suffered a loss, click here to participate.
The complaint filed alleges that, throughout the Class Period, Defendants failed to disclose to investors that: (1) Yext's revenue and earnings were significantly deteriorating because of, inter alia, poor sales execution and performance, as well as COVID-19 related disruptions; (2) accordingly, Yext was unlikely to meet consensus estimates for its full year ("FY") fiscal 2022 financial results and fiscal 2023 outlook; and (3) as a result, Defendants' positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis at all relevant times.
Follow us for updates on Twitter: twitter.com/FRC_LAW.
To be a member of the class action you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the class action. If you wish to learn more about this class action, or if you have any questions concerning this announcement or your rights or interests with respect to the pending class action lawsuit, please contact Frank R. Cruz, of The Law Offices of Frank R. Cruz, 1999 Avenue of the Stars, Suite 1100, Los Angeles, California 90067 at 310-914-5007, by email to info@frankcruzlaw.com, or visit our website at www.frankcruzlaw.com. If you inquire by email please include your mailing address, telephone number, and number of shares purchased.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
View original content:
SOURCE The Law Offices of Frank R. Cruz, Los Angeles
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2022-07-26 17:56:51
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Leading B2B e-commerce platform celebrates results from Fiscal Year 2023 and continues to offer comprehensive solutions for MSMEs to seamlessly participate in global B2B trade
NEW YORK, June 27, 2023 /PRNewswire/ -- Alibaba.com, a leading platform for global business-to-business (B2B) e-commerce and part of Alibaba International Digital Commerce Group (AIDC), today celebrates Micro-, Small and Medium-Sized Enterprise (MSME) Day, first designated six years ago by the United Nations to honor the crucial role played by MSMEs in achieving the UN Sustainable Development Goals and the contributions of MSMEs to the global economy.
"MSMEs are the backbone of many economies worldwide, and Alibaba.com's efforts to help them connect and trade globally are significant," said Annabel Sykes, E-commerce and SME digital transformation advisor at the International Trade Center (ITC), in a recent webinar session with Alibaba.com. "The digitalization of trade is a game-changer and can help MSMEs tap into new markets and grow their businesses. Alibaba.com is a strong partner in this journey."
Helping MSMEs access global supply chains and become micro-global companies
During FY2023 (April 2022-March 2023), Alibaba.com brought together more than 40 million MSMEs worldwide, creating an extensive network of buyers and sellers. This enabled a substantial portion of these MSMEs to evolve into micro-global enterprises.
"About 80-90% of my sales on Alibaba.com are allowing other global businesses create private labels for resale elsewhere – enabling me to reach businesses beyond the U.S.," says Shirley Cheung, founder of Envydeal, a manufacturing and distribution/wholesale business in the U.S. that uses Alibaba.com as a platform for developing long-term relationships with customers. "When I first founded my business, I initially thought I would create a B2C (business-to-consumer) supplement business, but quickly realized my primary strengths in business were in creating a successful B2B operation by leveraging Alibaba.com's global tools."
Giving MSMEs an added layer of security when sourcing global products
Alibaba.com's Trade Assurance service has safeguarded over 16 million orders globally, protecting each stage of the purchase process when buyers transact and make payments on Alibaba.com. Trade Assurance is a free-to-use service Alibaba.com provides to MSMEs using their platform for sourcing, designed to help foster trust between buyers and suppliers. The escrow service, in particular, offers MSMEs security and peace of mind during a period of time in which many small businesses are facing challenges from disruptions to their global supply chain.
Helping MSMEs transact globally by breaking the language barrier in B2B trade
Alibaba.com's "LIVE" function, which enables buyers and suppliers to interact in real time despite language barriers, is an increasingly important tool for MSMEs to transact efficiently and effectively. "LIVE" viewers in German, French, Spanish, Portuguese, Italian and Arabic increased by 166% year-on-year in March 2023 – a clear indicator that direct communication is gaining momentum in global B2B sourcing.
As a global procurement hub, to better facilitate communication, Alibaba.com has also rolled out real-time auto translation for 13 languages when buyers and sellers communicate in the chat box function of the app and website.
Offering MSMEs direct support through the Manifest Grants Program
Since its launch in 2021, the Alibaba.com Manifest Grants Program has attracted more than 27,000 applications from start-up business owners – 69% women, 90% BIPOC (Black Indigenous and People of Color)and 12% people with disabilities. As part of the Manifest Grants Program, Alibaba.com has provided dozens of small businesses with a total of $1.25 million in financing and logistics service support. Alibaba.com also equips MSMEs with the necessary tools, resources and guides to be successful, and has offered a robust curriculum of live and recorded professional seminars to help MSMEs grow into more impactful and sustainable businesses.
"Alibaba.com has been instrumental in our journey and in meeting our goal of simplifying the sourcing process so we can focus on product innovation and business success," said Amanat Anand, founder of SoaPen and one of 50 recipients of the 2022 Alibaba.com Manifest Grants Program. "In our second year of sales, we have been able to build a robust business by pinpointing the right sourcing partners. My advice to entrepreneurs and MSMEs seeking to grow is that embracing the right platform can truly revolutionize previously complex and time-consuming tasks to scale your business with world-class operational efficiency."
For more information regarding Alibaba.com and its resources for MSMEs or to set up a press interview, please contact Alibaba@FINNPartners.com.
About Alibaba.com
Launched in 1999, Alibaba.com is a leading platform for global business-to-business (B2B) e-commerce that serves buyers and suppliers from over 190 countries and regions around the world. It is engaged in services covering all aspects of commerce, including providing businesses with tools that help them reach a global audience for their products and helping buyers discover products, find suppliers and place orders online fast and efficiently. Alibaba.com is part of Alibaba International Digital Commerce Group.
View original content:
SOURCE Alibaba.com
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DALLAS (KDAF) — Just how far can your money go? Well, it really all depends on where you live and if you’re living in Texas, you might be seeing your money go farther than most other places throughout the country.
In fact, according to a new study from Smart Asset, Texas cities dominate the top 10 US cities with how much $100,000 is actually worth, “Thanks to no state income tax and the low cost of living, the Lone Star State looms large in our study.
“Seven out of the 10 cities in our top 10 are located in Texas. After deducting taxes and adjusting for the cost of living, a $100,000 salary on average is worth $77,885 across the 10 Texas cities that we analyzed in our study.”
The study aimed to find the cities in the US where a $100,000 salary can go the furthest as they compared the after-tax income in 76 of the largest cities and then adjusted those figures for the cost of living in each place.
So, here’s a look at where Texas cities landed on the list where $100,000 goes the furthest:
- El Paso – No. 2
- Corpus Christi – No. 4
- Lubbock – No. 5
- Houston – No. 6
- San Antonio, Fort Worth, and Arlington – (tied) No. 7
- Austin No. 24
- Dallas – No. 34
- Plano – No. 59
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https://cw33.com/news/texas/texas-has-7-of-the-top-10-cities-in-america-where-100000-is-worth-the-most-in-2023-study-finds/
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2023-03-15 18:56:01
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US study finds 1 in 10 get long COVID after omicron, starts identifying key symptoms
WASHINGTON (AP) — About 10% of people appear to suffer long COVID after an omicron infection, a lower estimate than earlier in the pandemic, according to a study of nearly 10,000 Americans that aims to help unravel the mysterious condition.
Early findings from the National Institutes of Health’s study highlight a dozen symptoms that most distinguish long COVID, the catchall term for the sometimes debilitating health problems that can last for months or years after even a mild case of COVID-19.
Millions worldwide have had long COVID, with dozens of widely varying symptoms including fatigue and brain fog. Scientists still don’t know what causes it, why it only strikes some people, how to treat it -– or even how to best diagnose it. Better defining the condition is key for research to get those answers.
“Sometimes I hear people say, ‘Oh, everybody’s a little tired,’” said Dr. Leora Horwitz of NYU Langone Health, one of the study authors. “No, there’s something different about people who have long COVID and that’s important to know.”
The new research, published Thursday in the Journal of the American Medical Association, includes more than 8,600 adults who had COVID-19 at different points in the pandemic, comparing them to another 1,100 who hadn’t been infected.
By some estimates, roughly 1 in 3 of COVID-19 patients have experienced long COVID. That’s similar to NIH study participants who reported getting sick before the omicron variant began spreading in the U.S. in December 2021. That’s also when the study opened, and researchers noted that people who already had long COVID symptoms might have been more likely to enroll.
But about 2,230 patients had their first coronavirus infection after the study started, allowing them to report symptoms in real time -– and only about 10% experienced long-term symptoms after six months.
Prior research has suggested the risk of long COVID has dropped since omicron appeared; its descendants still are spreading.
The bigger question is how to identify and help those who already have long COVID.
The new study zeroed in on a dozen symptoms that may help define long COVID: fatigue; brain fog; dizziness; gastrointestinal symptoms; heart palpitations; sexual problems; loss of smell or taste; thirst; chronic cough; chest pain; worsening symptoms after activity and abnormal movements.
The researchers assigned scores to the symptoms, seeking to establish a threshold that eventually could help ensure similar patients are enrolled in studies of possible long COVID treatments, as part of the NIH study or elsewhere, for apples-to-apples comparison.
Horwitz stressed that doctors shouldn’t use that list to diagnose someone with long COVID — it’s a potential research tool only. Patients may have one of those symptoms, or many -– or other symptoms not on the list — and still be suffering long-term consequences of the coronavirus.
Everyone’s doing studies of long COVID yet “we don’t even know what that means,” Horwitz said.
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The Associated Press Health and Science Department receives support from the Howard Hughes Medical Institute’s Science and Educational Media Group. The AP is solely responsible for all content.
Copyright 2023 The Associated Press. All rights reserved.
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2023-05-25 19:52:38
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NEW YORK, July 31, 2023 /PRNewswire/ -- BGC Group, Inc. (Nasdaq: BGC) ("BGC"), a leading global brokerage and financial technology company, today announced the addition of a Weather Derivatives Team with the hire of Nicholas and Eric Ernst. Nicholas joins the firm as Managing Director, BGC Weather Derivatives while Eric joins as Weather Broker.
John Abularrage, Co-Global Head of Financial Services Brokerage, commented on today's announcement, "We are excited to welcome Nicholas and Eric to BGC. They bring with them almost three decades of invaluable experience in the weather derivatives and climate risk transfer space. With these new hires, BGC now operates the premier weather and climate derivatives desk in the industry."
Nicholas Ernst brings with him over 20 years of experience in the weather derivatives and risk transfer space. Prior to joining BGC, he served as Managing Director, Weather Markets at ICAP. Additionally, Nicholas spent time in similar roles at OTC Global and Evolutions Markets.
Before joining BGC, Eric Ernst served as a Weather Broker at ICAP. Prior to that, Eric held various roles at Choice Energy and spent three years in the renewable energy sector.
About BGC Group, Inc.
BGC Group, Inc. ("BGC") began trading on Nasdaq at the market opening on July 3, 2023, under the new ticker symbol "BGC", following the corporate conversion of its predecessor BGC Partners, Inc. (formerly Nasdaq: BGCP). BGC is a leading global brokerage and financial technology company. BGC, through its various affiliates, specializes in the brokerage of a broad range of products, including Fixed Income (Rates and Credit), Foreign Exchange, Equities, Energy and Commodities, Shipping, and Futures. BGC, through its various affiliates, also provides a wide variety of services, including trade execution, brokerage, clearing, trade compression, post-trade, information, and other back-office services to a broad range of financial and non-financial institutions. Through its brands, including Fenics®, FMX™, FMX Futures Exchange™, Fenics Markets Xchange™, Fenics Digital™, Fenics UST™, Fenics FX™, Fenics Repo™, Fenics Direct™, Fenics MID™, Fenics Market Data™, Fenics GO™, Fenics PortfolioMatch™, BGC®, BGC Trader™, kACE2™, and Lucera®, BGC offers financial technology solutions, market data, and analytics related to numerous financial instruments and markets. BGC, BGC Group, BGC Partners, BGC Trader, GFI, GFI Ginga, CreditMatch, Fenics, Fenics.com, FMX, Sunrise Brokers, Poten & Partners, RP Martin, kACE2, Capitalab, Swaptioniser, CBID, Caventor, LumeMarkets and Lucera are trademarks/service marks and/or registered trademarks/service marks of BGC and/or its affiliates.
BGC's customers include many of the world's largest banks, broker-dealers, investment banks, trading firms, hedge funds, governments, corporations, and investment firms. BGC's Class A common stock trades on the Nasdaq Global Select Market under the ticker symbol "BGC". BGC is led by Chairman of the Board and Chief Executive Officer Howard W. Lutnick. For more information, please visit http://www.bgcg.com. You can also follow BGC at https://twitter.com/bgcgroupinc, https://www.linkedin.com/company/bgc_group and/or http://ir.bgcg.com.
Discussion of Forward-Looking Statements about BGC
Statements in this document regarding BGC that are not historical facts are "forward-looking statements" that involve risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements. These include statements about the effects of the COVID-19 pandemic on the Company's business, results, financial position, liquidity and outlook, which may constitute forward-looking statements and are subject to the risk that the actual impact may differ, possibly materially, from what is currently expected. Except as required by law, BGC undertakes no obligation to update any forward-looking statements. For a discussion of additional risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see BGC's Securities and Exchange Commission filings, including, but not limited to, the risk factors and Special Note on Forward-Looking Information set forth in these filings and any updates to such risk factors and Special Note on Forward-Looking Information contained in subsequent reports on Form 10-K, Form 10-Q or Form 8-K.
Media Contact:
Karen Laureano-Rikardsen
+1 212-829-4975
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Rapha Capital BioVentures Fund I, LP (Rapha Capital), and Bigger Capital lead the financing.
VANCOUVER, BC and BOSTON, Aug. 22, 2022 /PRNewswire/ -- Imagin Medical Inc., ("Imagin" or the "Company"), a urologic oncology company, announces:
1. the acquisition of the enCAGE Coil™ Precision Ablation System for Prostate Cancer from TROD Medical NV, a Belgian company,
2. further to its press release of August 26, 2021, the closing of the previously announced convertible note, and
3. the opening of a new $7.25M Convertible Note to support the above-mentioned acquisition and the product's development.
Prostate ablation is a procedure used to treat prostate cancer. During a prostate ablation procedure, energy (such as heat, cold, lasers, or chemicals) is used to kill the cancer cells. The energy may also destroy some of the surrounding normal prostate tissue.
The enCAGE Coil device is a disposable focal therapy precision ablation device for prostate cancer that delivers bipolar radiofrequency energy through a distinctive "coil" electrode during a minimally invasive office-based procedure. The system allows the surgeon to pre-set precise ablation margins to target only the cancerous tissue, addressing the limitations of other forms of thermal ablation technologies for prostate cancer that risk damaging adjacent structures e.g., the erectile nerves that control urinary and sexual function.
The device has FDA 510(k) approval and has been used in 51 patients, including 20 patients who participated in a Phase II Trial, with results published in The Journal of Urology, April 2021. Dr. Clement Orczyk, Lead of Prostate Cancer Focal Therapy Program, UCL Hospitals in London, England, an Investigator for the trial and first author of the publication, commented "this technology is the most versatile and promising of the many I've evaluated for performing focal therapy of prostate cancer with accuracy and safety". Imagin will be refining the device based on this experience for commercialization.
By acquiring the enCAGE Coil, Imagin is strengthening its position as a urologic oncology company and expanding its portfolio of products to address prostate cancer. With close to 250,000 new cases diagnosed each year, prostate cancer is the most prevalent cancer among men after skin cancer and the second leading cause of cancer deaths among men. The enCAGE Coil™ device joins Imagin's lead product, the i/Blue™ Imaging System for bladder cancer, building out a best-in-class pipeline for the diagnosis and treatment of urologic cancers. "As a Urologist who has cared for patients with cancer over a 25-year career as a Professor and Urological Oncologic surgeon, I have a deep knowledge of the field and of the needs of patients with prostate and bladder cancer," said Dr. Kevin Slawin, Chairman of the Board of Imagin. "Our growing focus on bringing best-in-class technologies to patients in an outpatient setting is the culmination of my thoughts over my career as a leader in the field of Urologic Oncology on how to best care for these patients."
The aggregate cost to acquire the enCAGE Coil is US$2,500,000; which will be paid over time as certain developmental milestones are met.
- The initial payment, on closing, will be US$350,000 and US$150,000 of Imagin shares (based on a 10-day average price as of the date of closing). Of this, US$200,000 and all of the shares will be held in escrow pending transfer of all intellectual property to Imagin.
- The first milestone payment of US$500,000 will be made upon receipt of FDA 510(k) approval to the next trial phase or modification, through the payment of cash or issuance of Imagin shares, at Imagin's election.
- The second milestone payment of US$1,000,000 will be made upon receipt of FDA de novo approval, through the payment of cash or issuance of Imagin shares, at Imagin's election.
- The third milestone payment of US$250,000 will be made upon achieving sales of 1,000 BPH (Benign Prostate Hyperplasia) cases following 510(k) approval, through the payment of cash or issuance of Imagin shares, at Imagin's election.
- The fourth and final milestone payment of US$250,000 will be made upon achieving sales of 500 BPH (Benign Prostate Hyperplasia) cases following de novo approval, through the payment of cash or issuance of Imagin shares, at Imagin's election.
All share issuances will be based on a 10 day average price as of the time of issuance.
Concurrent with this acquisition, Imagin has opened a new convertible note offering totaling US $7.25 million to support the clinical development of the enCAGE Coil™ technology. The Convertible Note is being led by Rapha Capital BioVentures Fund I, LP (RCBVFI), managed by Rapha Capital and Dr. Slawin, M.D., and Bigger Capital, and has the following terms:
- The principal will be advanced in multiple tranches with an initial tranche of US$750,000 upon closing, followed by multiple tranches for the remaining US$6.5 million.
- The principal will bear interest at the rate of 10% per annum, payable on maturity or conversion.
- The principal and interest will be fully secured against the assets of the Company.
- The note will mature 24 months following the date of issue, unless earlier repurchased or converted.
- The principal and interest will automatically convert into common shares of the Company ("Shares") at US$0.40 per Share, upon Imagin completing an equity financing of at least US$2 million.
- Note purchasers will receive an aggregate 50,750,000 warrants (2.8X coverage) to acquire Shares of Imagin, exercisable at US $0.40 per Share for five years from the date of issue.
"We are excited to add the enCAGE Coil to Imagin's portfolio as we build our pipeline of products," said Jim Hutchens, President and CEO of Imagin. "This additional funding will support on-going product development and the Company's progress in bringing our products through the FDA approval process."
All securities issued in connection with the offering will be subject to a statutory hold period of four months plus one day from the date of issuance in accordance with applicable securities legislation
This press release does not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall it constitute an offer, solicitation or sale in any jurisdiction in which such offer, solicitation or sale is unlawful. These securities have not been, and will not be, registered under the United States Securities Act of 1933, as amended, or any state securities laws and may not be offered or sold in the United States or to U.S. persons unless registered or exempt therefrom.
The Company's lead product, the i/Blue™ Imaging System, uses state of the art technology that improves the utility of blue light imaging for visualizing bladder cancer. The i/Blue System contains a patented dual-view camera head that uses sophisticated optical filters to split the image into white light and blue light channels to display simultaneous, side-by-side white and blue light images on the monitor in real time without the need to toggle between the two images. The i/Blue System is designed to work with most endoscopes on the market, providing a more practical, cost-effective device that will make blue light cystoscopy more accessible to hospitals and patients.
The enCAGE Coil™ is a disposable focal therapy precision ablation device for prostate cancer that delivers bipolar radiofrequency energy through a distinctive coil electrode during minimally invasive office-based surgery. The system allows precise pre-set targeting of the cancer, avoiding total removal of the prostate and damage to the adjacent erectile nerves. The enCAGE coil addresses the limitations of other forms of prostate cancer treatment, including surgery, radiation and current focal therapy technologies, that lack the ability to precisely target only the cancer cells, risking damage to the remainder of the prostate and surrounding erectile nerves that can cause impaired urinary and sexual function.
Focal therapy of prostate cancer is a minimally invasive method to destroy more limited prostate cancers, in situ in the prostate, leaving the remainder of the prostate gland and surrounding important structures like the erectile nerves intact, reducing the risk of impaired urinary and sexual function as compared to other "whole-gland" directed therapies like surgery or radiation therapy. Using mpMRI fused with real-time ultrasound to target the tumor improves the precision of the technique. Current focal ablation modalities for prostate cancer are primarily thermal therapies, either freezing (cryotherapy) or heating (HIFU, single electrode RF, laser, water, steam, electricity). All suffer from the same challenges as the lesion grows from the center outward. The margin of cancer cell "kill" is indeterminate and difficult to precisely determine using thermocouples or imaging. Ablation therefore often extends beyond the area necessary to control the cancer in order to ensure complete cancer ablation. Important structures, often immediately adjacent to tumors, are therefore hard to preserve e.g. erectile nerves. enCAGE Coil™ is a bipolar radio frequency-based probe (bRF) enabling precision ablation, limited only to the edge of the outer coil. Thus the ablation margin is pre-set via treatment planning and placement of the "coil" electrodes, yielding 100% ablation within the ablation zone in conjunction with 100% tissue preservation beginning just outside the ablation zone. This allows complete ablation of tumor tissue with preservation of adjacent erectile nerves.
About Imagin Medical "Urologic Oncology Technologies Built for the Office" – Imagin Medical is building a best-in-class Urologic Oncology company developing proprietary technologies to better visualize and treat urologic cancers, including bladder and prostate cancer through minimally invasive surgery that can be performed in the Urologist's office. The Company believes its first product, the i/Blue Imaging System, with its advanced proprietary optics and light sensors, will greatly increase the efficiency and accuracy of detecting bladder cancer, helping to improve the surgical management of this disease. Imagin's follow-on product, the enCAGE Coil Prostate Cancer Precision Ablation System, a focal therapy bipolar radio frequency-based probe enabling precise pre-set margins. The enCAGE coil addresses the limitations of other forms of prostate cancer treatment that lack the ability to precisely target only the cancer cells, risking damage to the remainder of the prostate and surrounding erectile nerves that can cause impaired urinary and sexual function. Imagin's proprietary technologies are poised to expand patient access improve outcomes and quality of life. Learn more at www.imaginmedical.com.
Information set forth in this news release contains forward-looking statements. These statements reflect management's current estimates, beliefs, intentions and expectations; they are not guarantees of future performance. The Company cautions that all forward- looking statements are inherently uncertain and that actual performance may be affected by a number of material factors, many of which are beyond the Company's control. Accordingly, actual and future events, conditions and results may differ materially from the estimates, beliefs, intentions and expectations expressed or implied in the forward-looking information. Specifically, there is no assurance that (i) the enCAGE Coil will work in the manner expected, (ii) any of the milestones referred above will be achieved in a timely manner, or at all, (ii) the Company will be successful in raising the required funds under the Convertible Note offering, or in any other manner. Except as required under applicable securities legislation, the Company undertakes no obligation to publicly update or revise forward-looking information. The CSE has neither approved nor disapproved the information contained herein and does not accept responsibility for the adequacy or accuracy of this news release.
Contacts:
Jim Hutchens, President & CEO jhutchens@imaginmedical.com
John Vacha, CFO
jvacha@imaginmedical.com
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SOURCE Imagin Medical, Inc.; Rapha Capital Management, LLC
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https://www.mysuncoast.com/prnewswire/2022/08/22/imagin-medical-announces-acquisition-encage-coil-precision-ablation-system-prostate-cancer-new-725m-convertible-note-finance-its-development/
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2022-08-22 12:48:42
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Condé Nast Joins Prestigious BrandEd Portfolio That Includes Sotheby's Institute of Art, The School of The New York Times, and City Football Leadership Institute
NEW YORK and LONDON, April 13, 2023 /PRNewswire/ -- BrandEd, the leading provider of experiential and professional education offered in partnership with premier brands, announced today that they have acquired the Condé Nast College of Fashion and Design. In addition, BrandEd will explore launching additional education programs in existing and new locations in association with other brands under the aegis of Condé Nast such as Vogue, Wired, Architectural Digest, and The World of Interiors.
The transaction expands BrandEd's portfolio of world-class academic programs with iconic brands, including Sotheby's Institute of Art, The School of The New York Times, and City Football Leadership Institute (in partnership with City Football Group which owns Manchester City Football Club).
BrandEd has been operating for two decades starting with the acquisition of the London campus of Sotheby's Institute of Art in 2003. Today, BrandEd delivers relevant, practical education taught by industry leaders from the world's best brands. Through this approach, students learn first-hand from real-world experts, helping transform their passions into fulfilling educational and career trajectories. The only company of its kind, BrandEd translates the expertise of iconic brands into educational offerings through a full service of curriculum development, student and career services, and recruitment. Today, thousands of students – from pre-college through working professionals – are enrolled in BrandEd summer, online, certificate, and degree-bearing programs focusing on the businesses of art, sports, media and journalism.
"We are excited to announce today our newest partnership with one of the world's largest and most distinguished media companies, Condé Nast," said Michael Chung, CEO of BrandEd. "We will build on the current platform established by the Condé Nast College of Fashion and Design by launching new courses in fashion, business and media across new geographies and demographics. We are also excited to build new schools and programs by leveraging the unmatched portfolio of brands within Condé Nast, including Vogue, Wired, Architectural Digest and The World of Interiors."
"Driven by our core values, Condé Nast is dedicated to cultivating the next generation of creatives and journalists," said Christiane Mack, Chief Content Operations Officer at Condé Nast. "BrandEd will help expand that commitment, connecting Condé Nast's best-in-class community of talent with current and aspiring students in fashion, design, business, media and technology. I'm confident that together we can inspire the next generation of industry professionals and equip them to meet the challenges of today and tomorrow."
Through its success in operating Sotheby's Institute of Art, The School of The New York Times, and City Football Leadership Institute, BrandEd has helped expand three of the most culturally relevant brands in the world into competitive educational programs. In its role, BrandEd has developed a core set of competencies in the education sector, from brand stewardship to managing campuses, building online curricula and marketing the most innovative courses for students.
With the Condé Nast College of Fashion and Design, BrandEd aims to replicate this pattern of success by expanding course offerings and enhancing the value of experiences offered across its campuses. Chung noted that BrandEd is already looking at curriculum enhancements through the influx of state-of-the-art technologies and advancements in sustainable fashion and design as well as targeting new demographics.
Established in April 2013 and based in London, Madrid and Mexico City, the Condé Nast College of Fashion and Design provides a world-class fashion education across numerous areas including styling, journalism, marketing, branding, graphic design, PR, and digital strategy. The college offers outstanding insight into the fashion and creative industries with access to a network of field leaders, including the teams at Vogue, Love, Glamour, and GQ. The College offers a range of degree programs such as an MA in Luxury Brand Strategy & Business and a BA in Fashion Communication as well as certificate programs, summer courses, short courses and online courses.
About BrandEd
BrandEd is a global education company with a portfolio of academic institutions including Sotheby's Institute of Art, The School of The New York Times and City Football Leadership Institute. Our mission is to transform students' lives by delivering relevant, experiential education programs taught by industry leaders and practitioners from iconic global brands. BrandEd is backed by Cambridge Information Group (CIG), a family-owned investment firm focused on long-term and meaningful enterprises in education, technology, and information services. www.branded-edu.com.
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Twitter has suspended Steve Daines's account after he posted a profile picture of himself hunting. The Montana Republican Senator is pictured here in 2022 in Washington, D.C.
Twitter has suspended Montana Republican Sen. Steve Daines's account for violations of the company's sensitive media policy.
Daines' Twitter profile currently displays messages indicating that the account is "temporarily unavailable because it violates the Twitter Media Policy."
According to an aide to the senator, Daines' account was suspended due to his profile picture, which had shown Daines and his wife posing while hunting. A separate campaign account for Daines with a different profile picture was unaffected.
A message from Twitter notifying Daines of his suspension, obtained by CNN, shows the company had determined the profile picture violated Twitter's rule against "graphic violence or adult content in profile images."
Twitter did not immediately respond to a request for comment. In a statement, Rachel Dumke, a spokesperson for Daine, called the suspension "preposterous" and said Twitter had informed Daines' office that the suspension would last until the profile picture was removed.
"This is insane. Twitter should immediately reverse this suspension," said Philip Letsou, a spokesman for the National Republican Senatorial Committee, in a statement.
According to an email sent by Twitter Trust and Safety VP Ella Irwin to Daines' office and obtained by CNN, the company's policy on graphic profile images exists due to a technical limitation of Twitter's platform.
"We don't allow images of dead animals or blood in profile photos because we are unable to label them as NSFW and keep them from being seen by users who specifically don't want to see graphic images," Irwin wrote.
Daines' profile picture had included an animal showing what appeared to be small flecks of blood on its coat, and that were difficult to discern without expanding the image.
Addressing the situation on Tuesday, new Twitter owner Elon Musk said Twitter's sensitive media policy was "being fixed."
"Policy against showing blood in profile pic is being amended to 'clearly showing blood without clicking on the profile pic'," he tweeted. "The intent is to avoid people being forced to see gruesome profile pics."
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(The Hill) – An online petition that calls for the removal of Supreme Court Justice Clarence Thomas has attracted over one million signatures.
The petition, titled “Impeach Justice Clarence Thomas,” was created on the public advocacy organization website MoveOn in May.
The petition description cited Thomas’s vote to overturn Roe v. Wade as reasoning for his removal.
“Supreme Court Justice Clarence Thomas—who sided with the majority on overturning Roe—made it clear what’s next: to overturn high court rulings that establish gay rights and contraception rights,” the petition read.
The description also mentioned Thomas’s wife, Ginni Thomas, and her role in encouraging members of the Trump administration to continue to challenge the 2020 election results.
The Supreme Court earlier this year rejected a request by former President Trump to prevent the release of documents related to the Jan. 6 Capitol riot. Thomas was the only Justice to dissent on the matter.
“He has shown he cannot be an impartial justice and is more concerned with covering up his wife’s coup attempts than the health of the Supreme Court.”
“He must resign — or Congress must immediately investigate and impeach,” the petition concluded.
The petition garnered over 1.1 million signatures and urges Congress to either investigate or impeach Thomas for his actions.
It follows a similar one created by George Washington University students last week in an effort to remove Thomas from his teaching position with the Washington, D.C., university.
The student-led petition came after the high court’s decision to overturn Roe v. Wade, a landmark 1973 ruling that determined a woman’s right to abortion was constitutional.
In a school-wide letter, GWU officials said they don’t have plans to remove Thomas as an adjunct instructor in their law school, stating that he did not violate the school’s policy on academic freedom.
“Just as we affirm our commitment to academic freedom, we affirm the right of all members of our community to voice their opinions and contribute to the critical discussion that is foundational to our academic mission,” school officials wrote in their letter.
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Houston police ticket man for feeding homeless people
HOUSTON (AP) — Houston police ticketed a man feeding homeless residents outside a public library, provoking outrage from a charitable group and plans to challenge a longstanding city ordinance. The city enacted rules in 2012 regulating those who provide free food outdoors to those in need. But Nick Cooper, of Food Not Bombs said Thursday it wasn’t enforced until Wednesday, when one of his fellow volunteers was issued a citation at the library where the group has provided meals for decades. The city it supports the charitable food services provided across the city and that there is one approved site on public property.
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Postal worker holdup leads to muscle car theft ring arrests
DETROIT (AP) — Thieves are using cloned key fobs to steal Dodge muscle cars and other high-powered vehicles directly from dealerships and even automakers in Michigan, then selling them for tens of thousands of dollars less than their value, according to authorities and court records.
For one Ohio-based theft ring, it all came crashing down after a January holdup of a U.S. postal worker led authorities to connect several men to brazen car thefts in the Detroit area, long home to the country’s biggest automakers, including Dodge, which is now owned by international conglomerate Stellantis.
Investigators then discovered that new Chargers, Challengers, Durangos and Ram pickups worth $50,000 to $100,000 were turning up in Ohio, Indianapolis and East Coast shipping ports after being sold on the street for $3,500 to $15,000, according to a criminal complaint.
Thieves in the Detroit area are primarily going after Dodge vehicles with Hellcat engines, including Chargers and Challengers — “the fast ones,” Sgt. Jerry Hanna with the Macomb Auto Theft Squad said.
“If a patrol car gets them, they are not stopping and they’re faster than patrol cars. They’re 150 mph all day,” he said.
Instead of stealing them off the street, they’re driving them straight off dealership and assembly plant lots.
Just this year, about a half-dozen vehicles — primarily Dodge Ram TRX pickups — were taken from a lot outside an assembly plant in Macomb County.
After security measures were stepped up at some lots with Dodge vehicles, more than a dozen 2022 Ford F-150 Raptor pickup trucks were swiped from a plant lot in June in suburban Dearborn. More than a dozen Ford Mustangs were stolen in early September from the automaker’s assembly plant in Flat Rock, southeast of Detroit.
Thieves have targeted Dodges by using handheld electronic “pro pads” — a locksmith’s tool that can clone keys by plugging into interior ports in the vehicles, according to the federal complaint in the Ohio case.
Authorities weren’t looking for stolen vehicles when they stopped Devin Rice on Jan. 31 after a postal worker in Shaker Heights, outside Cleveland, was robbed at gunpoint of a mailbox key. But court records show that a search of his car and then his home turned up not just stolen mail, bogus checks, and credit and debit cards, but also a Ram pickup, a Range Rover SUV and a Dodge with a Hellcat engine — all stolen.
Rice and others were indicted in federal court in Ohio in June. Jaylen Harris, Lavelle Jones and Hakim Benjamin are charged with conspiracy and interstate transport of stolen vehicles. Rice, Harris and Jones also are charged with mail theft. Their trials are scheduled next year.
Harris’ attorney declined comment. The AP left email and phone messages seeking comment from attorneys for Benjamin, Rice and Jones.
Harris told the FBI that he and Jones had been in contact through Instagram with people in the Detroit area to get stolen vehicles, according to the complaint. Harris said those thieves “were also selling to buyers in other areas, including Chicago and Indianapolis,” the complaint said.
Videos posted on social media show how the high-horsepower vehicles outpaced and evaded police.
A judge stated in a detention order that “Benjamin drove a 2022 Dodge Challenger valued at $95,000 at 120 mph down Ohio’s State Route 2 on a Sunday evening in February.”
“Spike strips were eventually needed to remind Benjamin that the law required him to comply with police orders” the judge wrote.
About two years ago, police in Ohio’s Ottawa County began noticing the vehicles blasting along state Route 2. The sheriff’s office got calls about reckless driving, Capt. Aaron Leist said.
“These cars are going 140-150 mph. All have the Hellcat engines. We had a lot of pursuits. We did not catch them all,” he said.
Investigators learned the vehicles mostly were being stolen in the Detroit area and taken to Cleveland. Some also were destined for Memphis, Tennessee, Leist said.
“We started working with (Stellantis) in early 2022,” he said. “They would call us and tell us `We have these cars missing.’”
A spokeswoman for Stellantis declined to comment.
Added security measures at some lots have included concrete barriers, according to law enforcement.
Then last fall, a dealership’s showroom northwest of Detroit was broken into. Someone drove a Ram pickup through the building’s glass wall and “all the other cars followed suit,” said Jeff Schneider, general manager at Szott Chrysler Dodge Jeep Ram in Highland Township.
“I think they were able to find some keys in a desk drawer and used them,” he added.
Police tracked one of the stolen cars, a Durango Hellcat SRT valued at about $100,000, to a suburb northwest of Detroit. The driver had crashed into a brick wall while fleeing. A 2021 Dodge Durango GT, 2021 Dodge Ram TRX and a 2017 Dodge Charger Hellcat SRT were later recovered.
Authorities arrested four people. They were not believed to have stolen the vehicles, but to have paid $5,000 for one.
“In the Detroit area they are selling them for like $3,500,” Hanna said. “Once they get that money in their pockets they go out and steal another one.”
For dealerships and their insurance companies, the cost is high. Even recovered vehicles can’t be sold for what they were once worth.
Schneider said his dealership came up with an “old school” solution: parking boots.
“It’s a deterrent that works amazingly,” he said. “We put boots on all the Hellcats.”
Copyright 2022 The Associated Press. All rights reserved.
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BEAVERTON, Ore., July 20, 2022 /PRNewswire/ -- Digimarc Corporation (Nasdaq: DMRC) will hold a conference call on Wednesday, August 3, 2022, at 5:00 p.m. Eastern time (2:00 p.m. Pacific time) to discuss results for the second quarter ended June 30, 2022.
Digimarc CEO Riley McCormack, CFO Charles Beck and CLO Joel Myer will host the call, and provide an update on the financial results, quarterly highlights and strategic priorities followed by a question-and-answer forum. The company will issue financial results in a press release before the call.
For an updated synopsis on Digimarc highlighting our technology and growth opportunities, view our Company Overview presentation on our Investor Relations page.
Q2 2022 Earnings Call:
Date: Wednesday, August 3, 2022
Time: 5:00 p.m. Eastern time (2:00 p.m. Pacific time)
Toll-Free Number: 877-407-0832 | International Number: +1 201-689-8433
Conference ID: 13731423
Webcast link
For those who wish to call in via telephone, please dial the number above at least five minutes before the scheduled start time.
About Digimarc
Digimarc is a global leader in product digitization, delivering business value across industries through unique identifiers and cloud-based solutions. A trusted partner in deterring digital counterfeiting of global currency for more than 20 years, Digimarc illuminates a product's journey to provide intelligence and promote a prosperous, safer, and more sustainable world. With Digimarc, you can finally see everything. And when you see everything, you can achieve anything. For more information, visit us at digimarc.com.
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Black educator Mary McLeod Bethune honored in Statuary Hall
WASHINGTON (AP) — Civil rights leader and trailblazing educator Mary McLeod Bethune on Wednesday became the first Black person elevated by a state for recognition in the Capitol’s Statuary Hall
Florida commissioned the project after a grassroots campaign succeeded last year in removing a statue of Edmund Kirby Smith, among the last Confederate generals to surrender after the Civil War. Bethune joins John Gorrie, a pioneer in air conditioning and refrigeration, in representing Florida.
Bethune was born in South Carolina in 1875, seven years after the ratification of the 14th Amendment, with its guarantee of equal protection under the law for all in the United States. She died in 1955, having helped to lay the groundwork for the civil rights movement.
“To have her statue here is quite phenomenal, absolutely, as a reminder of what our democracy is about,” said granddaughter Evelyn Bethune.
Mary McLeod Bethune is perhaps most remembered for founding the school now known as Bethune-Cookman University in Daytona Beach, Florida, which she started as a girls school in 1904. She also was one of the founders of the United Negro College Fund, which became a financial backbone for predominantly Black higher institutions nationwide.
After forming a strong friendship with Eleanor Roosevelt, Bethune became director of the Negro Affairs Division for the National Youth Administration, a New Deal-era program.
Bethune led the “Black Cabinet” of President Franklin D. Roosevelt as the highest-ranking Black government official, pushing him to diversify the defense industry and later helping draft President Harry Truman’s executive order desegregating the armed forces, said Ashley Robertson Preston at Howard University, a Bethune biographer.
“She was the Oprah of her time. She was the Booker T. Washington of her time. She was the Martin Luther King of her time,” Preston said.
House Speaker Nancy Pelosi, D-Calif., and Minority Leader Kevin McCarthy, R-Calif. hosted the unveiling of her statue, joined by members of Florida’s congressional delegation.
Sen. Marco Rubio, R-Fla., said that “in the face of the ignorance, the cruelty and the prejudice of others, she refused to surrender to bitterness, cynicism, or despair.”
To Democratic Rep. Val Demings, who is running against Rubio this year, Bethune “made what seemed impossible, possible.”
The white marble statue shows Bethune in academic robes, holding a black rose. She endearingly called her students “black roses,” Preston said, after visiting a garden in Europe where she saw black roses growing among the yellows and reds.
Books stacked at the statue’s feet are inscribed with some of the core values from her last will and testament: love, hope, faith, racial dignity, a thirst for education, courage and peace.
The statue of Kirby Smith — who fled to Mexico fearing treason charges after surrendering in Galveston, Texas, on May 26, 1865 — was installed in the Capitol in 1922, during a decade when Black people in Florida were being lynched for trying to vote and white mobs burned down entire towns.
The Southern Poverty Law Center said in a statement that “there is still work to do” in removing statues that honor “men who voluntarily fought on behalf of the Confederacy.” The group urged replacing them in Statuary Hall with those who represent “their state’s values of diversity, equality and justice.”
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Warren, who reported from Atlanta, is a member of AP’s Race and Ethnicity team. Associated Press video journalist Rick Gentilo contributed to this report.
Copyright 2022 The Associated Press. All rights reserved.
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NASA tracks a newly discovered asteroid that has a ‘small chance’ of hitting Earth in 2046
By Jackie Wattles and Kristin Fisher, CNN
A newly discovered asteroid roughly the size of an Olympic swimming pool has a “small chance” of colliding with Earth in 23 years, with a potential impact on Valentine’s Day in 2046, according to NASA’s Planetary Defense Coordination Office.
The asteroid has a 1 in 625 chance of striking Earth, based on data projections from the European Space Agency, though NASA’s Jet Propulsion Laboratory’s Sentry system calculated the odds closer to 1 in 560. The latter tracks potential collisions with celestial objects.
But the space rock — named 2023 DW — is the only object on NASA’s risk list that ranks 1 out of 10 on the Torino Impact Hazard Scale, a metric for categorizing the projected risk of an object colliding with Earth. All other objects rank at 0 on the Torino scale.
Though the 2023 DW tops the list, its ranking of 1 means only that “the chance of collision is extremely unlikely with no cause for public attention or public concern,” according to the Jet Propulsion Laboratory, while a 0 ranking means the “likelihood of a collision is zero, or is so low as to be effectively zero.”
“This object is not particularly concerning,” said Davide Farnocchia, a navigation engineer at the Jet Propulsion Laboratory in Pasadena, California.
NASA officials have warned that the odds of impact could be dramatically altered as more observations of 2023 DW are collected and additional analysis is performed.
“Often when new objects are first discovered,” NASA Asteroid Watch noted Tuesday on Twitter, “it takes several weeks of data to reduce the uncertainties and adequately predict their orbits years into the future.”
Risk of asteroid impact
It’s common for newly discovered asteroids to appear more threatening when first observed.
“Because orbits stemming from very limited observation sets are more uncertain it is more likely that such orbits will ‘permit’ future impacts,” the Center for Near Earth Object Studies, located at the Jet Propulsion Laboratory, notes on its website.
“However, such early predictions can often be ruled out as we incorporate more observations and reduce the uncertainties in the object’s orbit,” it reads. “Most often, the threat associated with a specific object will decrease as additional observations become available.”
It may be a few days before new data can be collected because of the asteroid’s proximity to the moon, Farnocchia noted in an email to CNN. The last full moon was two days ago, and it still appears bright and large in the sky, likely obscuring 2023 DW from immediate observation, he said.
“But then the object will remain observable for weeks (even months with larger telescopes) so we can get plenty of observations as needed,” he added.
The asteroid measures about 160 feet (about 50 meters) in diameter, according to NASA data. As 2023 DW orbits the sun, it has 10 predicted close approaches to Earth, with the nearest landing on February 14, 2046, and nine others between 2047 and 2054. The closest the asteroid is expected to travel to Earth is about 1.1 million miles (1.8 million kilometers), NASA’s Eyes on Asteroids website notes.
The space rock was first spotted in our skies on February 2.
It’s traveling about 15.5 miles per second (25 kilometers per second) at a distance of more than 11 million miles (18 million kilometers) from Earth, completing one loop around the sun every 271 days.
Farnocchia noted the success of NASA’s DART mission, or the Double Asteroid Redirection Test, in September 2022 as evidence that humanity can be prepared to confront space rocks on potentially disastrous courses. DART intentionally collided a spacecraft into an asteroid to change its trajectory.
“That’s the very reason why we flew that mission,” he said, “and that mission was a spectacular success.”
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SABINAS, Mexico (AP) — Efforts to rescue 10 miners trapped in a collapsed and flooded coal mine in northern Mexico intensified Thursday with hundreds of people involved in the operation, authorities said.
The collapse occurred after the miners breached a neighboring area filled with water on Wednesday, officials said. Authorities had not reported any contact with the trapped miners since the collapse.
The miners are trapped between two 200-foot deep mine shafts more than half flooded with water, Undersecretary of Defense Agustín Rádiala Suástegui said Thursday. Rescuers were working to pump water out of the flooded mine.
A National Guard plane was expected to arrive Thursday with six special forces scuba divers who could enter the mine when conditions allow.
Civil Defense Coordinator Laura Velázquez said that five miners had managed to escape the collapse. Three of them remained hospitalized. Authorities had initially reported nine trapped miners Wednesday, but revised that number to 10 on Thursday.
The mine is in Sabinas, about 70 miles southwest of Eagle Pass, Texas. The mine began operations this year, and the local government said it had not received any complaints or reports of previous incidents.
More than 24 hours after the collapse, relatives of the trapped miners waited in the shade of a tree outside the mine. Police and soldiers with rifles restricted access to the mine.
Alfredo Torres, cousin of one of the trapped miners, said he had been volunteering in the rescue effort since Wednesday. Wearing a plastic helmet and clothes and boots coated in mud, he said they had been using small pumps since the day before to remove water from the flooded shafts, but the water remained high.
“No one can go in,” Torres said. “We have to first try to pump out all of the water, get it out, so the miners can go in to rescue their co-workers. He said that so far there had been no contact with the trapped miners.
He said he still hoped to find them alive, but recognized that “many hours have passed and the water is still very high.”
A small chapel was set up outside the mine where family members could pray for the miners’ rescue.
Bishop Alonso Garza from the Piedras Negras diocese complained that conditions for miners continued to be bad and called on the government and companies to improve safety. “Each time that a tragedy like this happens they say yes and unfortunately now no.”
In June and July of 2021, cave-ins at two Coahuila mines claimed the lives of nine miners.
Mexico’s worst mining accident also occurred in Coahuila on Feb. 19, 2006, when an explosion ripped through the Pasta de Conchos mine while 73 miners were inside. Eight were rescued with injuries including serious burns. The rest died and only two of their bodies were recovered.
López Obrador’s administration promised two years ago to recover the remaining 63 bodies, a highly technical endeavor that has still not begun.
The Pasta de Conchos Family Organization made up of relatives of those lost in that tragedy said in a statement late Wednesday that the new mining accident shows that the structural dangers that led to the Pasta de Conchos collapse have not been addressed. There is a lack of inspections, complicity with mining companies and little protection for workers.
They called on the government to do everything possible to rescue the miners and review mining conditions in the area.
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AP writer Fabiola Sánchez in Mexico City contributed to this report.
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BLANTYRE, Malawi (AP) — The devastating Tropical Cyclone Freddy which has ripped through southern Africa in a rare second landfall has killed at least 219 people in Malawi and Mozambique since Saturday night, with the death toll expected to rise.
Heavy rains that triggered floods and mudslides have killed 199 people in Malawi, authorities said Tuesday. President Lazarus Chakwera declared a “state of disaster” in the country’s southern region and the now-ravaged commercial capital, Blantyre. Some 19,000 people in the south of the nation have been displaced, according to Malawi’s disaster management directorate.
“Power and communications are down in many affected areas, hindering aid operations,” said Stephane Dujarric, the U.N. Secretary General’s spokesperson at a press briefing Tuesday afternoon. The most affected regions remain inaccessible so the full extent of the damage is so far unknown.
Reports from Mozambique’s disaster institute on Tuesday confirmed that 20 people have died in the country and 1,900 homes have been destroyed in the coastal Zambezia province. Tens of thousands of people are still holed up in storm shelters and accommodation centers.
Freddy will continue to thump central Mozambique and southern Malawi with extreme rainfall before it exits back to the sea late Wednesday afternoon, the U.N.’s meteorological center on the island of Réunion projected.
Human rights group Amnesty International has called on the international community to mobilize resources and boost aid and rescue efforts in the two countries. Relief efforts in the nations are strained and were already battling a cholera outbreak when Freddy struck.
“It is clear that the official death toll will rise in both Malawi and Mozambique, as will reports of wrecked infrastructure,” said Tigere Chagutah, Amnesty International’s east and southern Africa director. “The affected countries must also be compensated for loss and damage caused by the cyclone.”
In November last year, nations agreed to compensate countries affected by extreme weather exacerbated by human-caused climate change. Cyclones are wetter, more frequent and more intense as the planet heats up, scientists say.
“Mozambique and Malawi are among the countries least responsible for climate change, yet they are facing the full force of storms that are intensifying due to global warming driven mostly by carbon emissions from the world’s richest nations,” Chagutah added.
Cyclone Freddy has been causing destruction in southern Africa since late February. It also pummeled the island states of Madagascar and Réunion last month as it traversed across the Indian Ocean.
The cyclone has intensified a record seven times and has the highest-ever recorded accumulated cyclone energy, or ACE, which is a measurement of how much energy a cyclone has released over time. Freddy recorded more energy over its lifetime than an entire typical U.S. hurricane season.
Freddy first developed near Australia in early February and is set to be the longest-ever recorded tropical cyclone. The U.N.’s weather agency has convened an expert panel to determine whether it has broken the record set by Hurricane John in 1994 of 31 days.
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Alexandre Nhampossa and Tom Gould contributed to this report from Maputo, Mozambique. Kabukuru reported from Mombasa, Kenya.
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Associated Press climate and environmental coverage receives support from several private foundations. See more about AP’s climate initiative here. The AP is solely responsible for all content.
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SAN FRANCISCO, July 14, 2022 /PRNewswire/ -- SwimShow will return as an in-person event for their 40th anniversary with Ribbon providing registration and lead capture services via mobile devices and QR codes.
"Today's retailers are focused on sustainability, from the brands they work with to the shows they attend," explains Ribbon CEO Vinit Patil. "At SwimShow both retailers and exhibitors will be able to participate before, during and post-show without ever having to print a badge, business card or catalog. We hope more trade shows will follow SwimShow's lead."
As profiled in Women's Wear Daily, SwimShow's post pandemic rebranding has focused on sustainability and accessibility. After a logo and website redesign, Executive Director Judy Stein knew it was time to focus on streamlining the check-in and shopping experience. Ribbon's QR code badges make it easy to monitor attendance and leads throughout the event to be held July 16th through 18th at the Miami Beach Convention Center. Vendors will also be using QR codes to keep track of interested buyers to make sure no sales fall through the cracks during or after the show. This ecologically friendly evolution makes business seamless and allows for quicker reporting.
"They just snap the QR code and go," said Stein, who launched a new blog, entitled "SwimShow Stories" on their revamped website to build engagement. Their 40th anniversary blog post further describes their desire to "[shift] to a digital experience for sustainability and efficiency. Attendees register and check-in on the new app, and each receives their own QR code to track interaction and interest."
Ribbon is partnered with trade shows owned by International Market Centers and Angus Montgomery Arts. The platform surpassed $100M in transactions since launching with various shows last year, and will be announcing new partnerships with fairs and showrooms in home, gift, art and apparel in the coming months.
About Ribbon: Ribbon, a San Francisco based tech company, offers a turn-key SaaS platform for powering specialized B2B marketplaces and hybrid trade shows. Ribbon has revolutionized trade shows in industries that traditionally only relied on in-person business by supporting face to face events with a complementary fully transactional e-commerce platform for exhibitors.
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SOURCE Ribbon
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Jury acquits Indiana man of abandoning adult daughter
LAFAYETTE, Ind. (AP) — A jury has acquitted a man of neglect charges after he was accused with his ex-wife of abandoning an adopted daughter. The Tippecanoe Superior Court panel deliberated about two hours Thursday before finding Michael Barnett not guilty of three neglect charges and conspiracy to commit neglect of a dependent. The daughter, Ukrainian immigrant Natalia Barnett, said her adoptive parents, before moving to Canada, abandoned her in a second-story Lafayette apartment in which she was unable to navigate the stairs and without a walker or wheelchair or any knowledge of the city. Michael Barnett and his ex-wife have said Natalia was an adult pretending to be a child.
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Advanced technologies and real-time data power risk mitigation solutions
WORCESTER, Mass., July 27, 2022 /PRNewswire/ -- The Hanover Insurance Group, Inc. (NYSE: THG), a leading property and casualty insurance company, today announced the launch of its Hanover i-on Sensor Program, which offers a robust set of technology-based services to help business and organization owners prevent workplace injuries, property damage, theft, and other losses offered through strategic partnerships. The IoT technology solutions enable business leaders to monitor facilities, property, and employee safety to proactively manage risk.
The Hanover Risk Solutions' team takes a proactive and collaborative approach to risk management, designed to help keep businesses of all sizes as safe as possible. The Hanover i-on Sensor Program offers businesses solutions from expert partners for an array of risks, including:
- Hanover i-on Sensors for Property – Undetected water leaks can quickly cause extensive damage. This program provides water sensors that leverage the power of technology to monitor water flow and alert our customers to leaks quickly, helping to minimize damage to property and business.
- Hanover i-on Fleet Telematics – Understanding how drivers operate corporate vehicles can help prevent significant damage and eliminate the impact of shipping delays or repair costs from minor accidents. The telematics program leverages app-based technology to monitor drivers, helping combat distracted driving and identify risky driver behaviors to help prevent accidents and manage fleet safety.
- Hanover i-on Workplace Ergonomics – Preventing workplace injuries keeps workers on the job and reduces exposure to workers' compensation claims. Wearable sensors can help assess the risks of manual handling injuries to businesses and identify solutions using sensor technology and data insights.
- Hanover i-on Heavy Equipment Tracking – Stolen or lost equipment can cause project delays and costly replacement expenses. The sensor-assisted asset tracking capability helps locate stolen heavy equipment so you can be sure these costly tools are in the right place at the right time
"Many of the advanced technology solutions enable businesses to proactively monitor and manage key risks from virtually anywhere and in real-time so they can focus on their core business," said Richard W. Lavey, president, Hanover Agency Markets. "As a result, business owners and managers can focus on running their businesses, confident their property and their teams are well-protected. This powerful program supports our mission to provide innovative products for our agent partners and customers, leading to superior customer experiences."
Hanover policyholders are already experiencing the benefits of this technology and have effectively reduced their business risks through this program. The University of Finlay, for example, installed Hanover i-on Sensors for Property to protect the university's art museum, which contains millions of dollars worth of illustrations. When a pipe in the mechanical room above the museum started to leak, the water sensors detected the issue and alerted museum management almost immediately. The automated notification enabled the facilities department to stop water from leaking into the vault below, preventing costly damage to the museum collection and protecting irreplaceable treasures.
"Examples like The University of Finlay showcase the power of technology to assist in the early detection of issues that can cause major damage," said Christina Villena, vice president of Risk Solutions at The Hanover. "When organizations experience the advantages of risk mitigation through The Hanover's unique offerings, they understand the importance of implementing solutions that provide peace of mind for asset protection."
The Hanover i-on Sensor Program was developed to bring together a variety of technology-based service solutions, making them easy to leverage for policyholders. The program addresses key areas of risk to help minimize business exposures while providing advanced protection to take some of the burdens off business owners. To learn more about the Hanover i-on Sensor Program please click here.
The Hanover Insurance Group, Inc. is the holding company for several property and casualty insurance companies, which together constitute one of the largest insurance businesses in the United States. The company provides exceptional insurance solutions through a select group of independent agents and brokers. Together with its agent partners, The Hanover offers standard and specialized insurance protection for small and mid-sized businesses, as well as for homes, automobiles, and other personal items. For more information, please visit hanover.com.
All products are underwritten by The Hanover Insurance Company or one of its insurance company subsidiaries or affiliates ("The Hanover"). Coverage may not be available in all jurisdictions and is subject to the company underwriting guidelines and the issued policy. This material is provided for informational purposes only and does not provide any coverage. For more information about The Hanover visit our website at www.hanover.com.
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Cohen to testify before grand jury in Trump hush money probe
NEW YORK (AP) — Donald Trump’s former lawyer and fixer Michael Cohen is poised to testify Monday before a Manhattan grand jury investigating hush money payments he arranged and made on the former president’s behalf.
Cohen’s impending grand jury appearance was confirmed by two people familiar with the matter who were not authorized to speak publicly about grand jury proceedings and did so on condition of anonymity.
Cohen’s closed-door testimony is coming at a critical time as the Manhattan district attorney’s office closes in on a decision on whether to seek charges against Trump.
A Trump loyalist turned adversary, Cohen is likely to provide critical details about whatever involvement the Republican presidential candidate may have had in the payments, made in the final weeks of the 2016 campaign, to two women who alleged affairs with him.
Cohen has given prosecutors evidence, including voice recordings of conversations he had with a lawyer for one of the women, as well as emails and text messages. He also has recordings of a conversation in which he and Trump spoke about an arrangement to pay the other woman through the supermarket tabloid the National Enquirer.
Prosecutors appear to be looking at whether Trump committed crimes in how the payments were made or how they were accounted for internally at Trump’s company, the Trump Organization.
One possible charge would be falsifying business records, a misdemeanor unless prosecutors could prove it was done to conceal another crime. No former U.S. president has ever been charged with a crime.
Trump has denied the affairs and has said he did nothing wrong. Prosecutors have invited him to testify before the grand jury, and he has the right to testify under New York law. However, legal experts say he is unlikely to do so because it wouldn’t benefit his defense and he’d have to give up a cloak of immunity that’s automatically granted to grand jury witnesses under state law.
Cohen served prison time after pleading guilty in 2018 to federal charges, including campaign finance violations, for arranging the payouts to porn actor Stormy Daniels and model Karen McDougal to keep them from going public. He has also been disbarred.
Trump’s lawyers could point to those factors in an attempt to undermine Cohen’s credibility, if the former president is charged and Cohen ends up testifying at trial.
Cohen has been meeting regularly with Manhattan prosecutors in recent weeks, including a daylong session Friday to prepare for his grand jury appearance.
The panel has been hearing evidence since January in what Manhattan District Attorney Alvin Bragg has called the “next chapter” of his office’s yearslong Trump investigation. But the hush money payments — perhaps the most salacious of the avenues of inquiry into Trump — are well-trodded ground.
Federal prosecutors and Bragg’s predecessor in the D.A.’s office, Cyrus Vance Jr., each scrutinized the payments but didn’t charge Trump.
Cohen declined to comment to reporters as he left the meeting, saying he’d be “taking a little bit of time now to stay silent and allow the D.A. build their case.”
The Manhattan district attorney’s office also declined to comment.
Trump continued to lash out at the probe on social media Friday, calling the case a “Scam, Injustice, Mockery, and Complete and Total Weaponization of Law Enforcement in order to affect a Presidential Election!”
Cohen paid Daniels $130,000 through his own company and was then reimbursed by Trump, whose company logged the reimbursements as “legal expenses.”
McDougal’s $150,000 payment was made through the publisher of the National Enquirer, which squelched her story in a journalistically dubious practice known as “catch-and-kill.”
According to federal prosecutors who charged Cohen, the Trump Organization then “grossed up” Cohen’s reimbursement for the Daniels payment for “tax purposes,” giving him $360,000 plus a $60,000 bonus, for a total of $420,000.
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Associated Press writer Jill Colvin contributed to this report.
___
Follow Michael Sisak on Twitter at twitter.com/mikesisak and send confidential tips by visiting https://www.ap.org/tips/.
Copyright 2023 The Associated Press. All rights reserved.
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Idaho gas prices still calm – for now
IDAHO FALLS, Idaho (KIFI) - As more than 42 million Americans – including 241,000 Idahoans – head out for Memorial Day weekend, filling up the gas tank won’t be nearly as painful as last year.
According to AAA, Idaho’s average price for a gallon of regular is $3.76 – two cents more than a week ago and 12 cents more than a month ago, but 87 cents less than a year ago. Drivers in other parts of the country are faring even better, with the national average currently at $3.54 per gallon, which is the same as a week ago, 13 cents less than a month ago and $1.05 less than a year ago.
Of those who are travelling this weekend, 37 million will go by car, an increase of two million from a year ago. Drivers should expect heavy traffic on Thursday and Friday afternoon.
Here’s a seven-year retrospective of U.S. and Idaho pump prices on Memorial Day:
The Gem State currently ranks 10th in the U.S. for most expensive fuel behind California ($4.81), Hawaii ($4.75), Arizona ($4.62), Washington ($4.61), Nevada ($4.24), Oregon ($4.17), Utah ($4.10), Illinois ($3.93), and Alaska ($3.93). At $2.98 per gallon, Monday’s cheapest fuel is in Mississippi.
Here’s a look at gas prices from around the Gem State:
- Boise – $3.88
- Coeur d’Alene – $3.68
- Franklin – $4.15
- Idaho Falls – $3.51
- Lewiston – $3.63
- Pocatello – $3.59
- Rexburg – $3.65
- Twin Falls – $3.72
“Last year, the cost of crude oil skyrocketed as the market reeled from Russia’s invasion of Ukraine, and gasoline prices followed. But it will be easier for families to make a trip this year,” says AAA Idaho public affairs director Matthew Conde. “The Idaho average has been floating between $3.74 and $3.76 since the beginning of May but could rise as people start hitting the road in droves.”
Today, the West Texas Intermediate benchmark for crude oil is trading near $72 per barrel, which is $1 more than a week ago, but $6 less than a month ago and $38 less than a year ago.
AAA recommends stopping at a trusted repair shop to make sure fluid levels, hoses, and tire pressure are good to go before leaving town.
Emergency Kit 101
AAA urges drivers to purchase or refresh their emergency road kits for the busy summer months ahead. Pack a basic first aid kit, a flashlight with extra batteries, some flares or reflectors, and basic tools. But drivers also need a plan to beat the heat.
“Make sure you have protein-based snacks and plenty of water for people and pets or, if necessary, to top off your radiator,” Conde said. “An old blanket or towel can come in handy if you need to kneel or lay down on hot asphalt to change a tire, and an inexpensive tarp and some rope can provide some emergency shade.”
While it’ll be warm or even hot at lower elevations, coats and blankets are still a good idea up in the high country. In some places, overnight temperatures will reach into the 30s and 40s.
Additional crude oil and gas price considerations
- The cost of crude oil is currently hovering in the low $70 range, the result of continued fears of a global recession. But as gasoline demand surges, crude oil will likely become more expensive. The price of crude oil makes up more than half of the price of finished gasoline.
- Utah’s average price for gasoline is about 35 cents more expensive than Idaho’s. Because Utah supplies most of the Gem State’s gasoline, higher pump prices could reach Idaho soon.
- Regional gasoline supplies are down nearly 1 million barrels from typical levels. Tight supplies could cause the price of fill-ups to climb across the Rockies region.
- Refineries continue to experience downtime as they work through seasonal maintenance. After reaching a recent low of 68% refining capacity about a month ago, regional refineries are now operating at 74%. If refinery production fails to keep up with rising demand, pump prices could climb higher and faster than they otherwise would, based on demand alone.
“As you travel, please remember that sharing your photos and plans on social media could make your home a target for theft,” Conde said. “Post your pictures when you get back and only share your itinerary with a select number of friends and family members.”
You can find the lowest gas prices in the area HERE.
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From March 10 through 14, RetailMeNot's Spring Savecation Will Give Shoppers Exclusive Coupons, Deals and Cashback Offers to Score Savings on Spring and Summer Travel from Top Brands
AUSTIN, Texas, Feb. 21, 2023 /PRNewswire/ -- Today, RetailMeNot, a Ziff Davis business, announces the introduction of its new "Spring Savecation" shopping event, offering shoppers the chance to score huge savings on every purchase needed for upcoming travel. With the majority of Americans planning to escape to a tropical paradise or mountain adventure in the coming months, RetailMeNot is here to help consumers find the best deals, offers and cash back rewards for their spring and summer getaways.
Starting March 10th and lasting through March 14th, RetailMeNot's Spring Savecation will not only help shoppers find deals on accommodations and transportation but will ensure maximum savings on all the necessities for travel, including hotels, vacation rentals, excursions, car rentals, road trip snacks, luggage, fashion and accessories, and more. Top retailers such as Expedia, Hotels.com, Travelocity, IHG Hotels & Resorts, Orbitz and VRBO are already confirmed to participate with special offers during the event.
"We've seen a strong resurgence in consumer travel over the last year, and that trend isn't slowing down," says Kristin McGrath, shopping expert for RetailMeNot. "Following the restraint the pandemic put on the travel industry in 2020 and 2021, consumers are back to visiting loved ones, celebrating life events, treating themselves, and exploring new places. We created our Spring Savecation event to help shoppers save money as they book upcoming trips and give both their family and their wallet some much-needed R&R."
With travel back in full force, RetailMeNot conducted a consumer survey of over to discover what to expect when it comes to travel this spring:
- The majority of Americans (96%) are planning to travel in March through May.
- Over half (54%) of consumers confirmed that they will spend more on travel this coming spring compared to prior years.
- Inflation still continues to be a key factor for consumers (66%) along with the concerns over cost of transportation (25%).
- Promotions and strong offer content are necessary for users as 61% agree that the increase in gas and flight costs will impact their travel.
- Travel merchants' budgets are the largest in Q1 and they plan to unlock deep discounts and promotions in March 2023.
- Consumers are expected to take more international vacations than they had in 2019 (+72%). Anecdotally, RetailMeNot's travel industry partners are reporting that summer will see an influx of international trips and shoppers will need to act early to get the best hotel or rental locations.
- On average, American consumers are planning to spend $3,250 across flights, transportation, hotel/lodging and experiences and activities for their vacations.
More findings from RetailMeNot's travel survey can be found on The Real Deal blog here. To learn more about RetailMeNot's Spring Savecation event, visit www.retailmenot.com and remember to shop the huge savings from March 10 through 14.
Survey Methodology: Ziff Davis Shopping, Q4 2022 Travel Survey, General Population. N= 1,129. U.S. adults 18+ planning to travel in the spring and summer of 2023. Data collected between Nov. 30 - Dec. 2, 2022.
About RetailMeNot:
RetailMeNot is a leading savings destination bringing people and the things they love together through savings with retailers, brands and restaurants. RetailMeNot makes everyday life more affordable through online and in-store coupon codes, cash back offers, and the RetailMeNot Deal Finder™ browser extension. To learn more, visit www.retailmenot.com or follow @RetailMeNot on social media.
About Ziff Davis:
Ziff Davis (Nasdaq: ZD) is a vertically focused digital media and internet company whose portfolio includes leading brands in technology, entertainment, shopping, health, cybersecurity, and martech. For more information, visit www.ziffdavis.com.
Press Contact:
ALISON BROD MARKETING + COMMUNICATIONS
retailmenot@abmc-us.com
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MGE: Q4 Earnings Snapshot
MADISON, Wis. — MGE: Q4 Earnings Snapshot
MADISON, Wis. — MGE: Q4 Earnings Snapshot
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Expanded partner ecosystem helps nonprofits attract more donors, deepen existing donor relationships and improve fundraising effectiveness
DALLAS, Nov. 10, 2022 /PRNewswire/ -- GivingDNA, the next gen donor analytics platform, has expanded its partner ecosystem with the integration of Virtuous, a leading responsive fundraising platform. GivingDNA is pioneering donor analytics by filling a void in the fundraising data landscape. By seamlessly integrating its powerful donor intelligence data with a CRM system, it enables nonprofits to gain new insights, more precisely target prospects, and engage donor audiences in ways that improve conversion and deliver impact.
"We are excited to have Virtuous join GivingDNA'a robust network of best-of-breed solutions ecosystem," states Rebecca Segovia, EVP and General Manager, GivingDNA. "Our goal is to provide customers with the data and analytics necessary to deliver efficiency across all aspects of fundraising."
"The team at Pursuant and GivingDNA have consistently delivered powerful data insights that drive measurable increases in giving," shares Gabe Cooper, CEO at Virtuous. "We couldn't be more excited to expand our partnership - and deliver actionable GivingDNA analytics to our Virtuous customers."
With continued integrations, GivingDNA aligns its technology and platform usability to the needs of the diverse group of clients who use varying CRMs. These enhancements empower the directors of marketing, directors of fundraising, prospect researchers, gift officers, and more to get the most value out of the platform while removing barriers. In addition, this integration helps reduce time to value and allows users to act quickly on a campaign strategy or analysis without having to coordinate with data or IT teams.
"We've always focused on elevating the effectiveness of nonprofits and now we'll be able to scale it at a much faster pace," said David Stanton, VP, Product, GivingDNA. "Nonprofits have been underserved by legacy tech and manual processes. Automation and a focus on actionable engagement with donors is at the core of our ethos. Integration with a CRM allows for more data in our system faster, and thus our algorithms can look for patterns or important changes in data that drive results."
GivingDNA, the next gen donor analytics platform, unleashes the power of data to innovate the power of giving. In a single platform, you can transform the way you identify, segment, and most importantly engage donors, no matter where they are in their journey. From seeking new donors to nurturing existing supporters and upgrading their giving, fundraisers turn to GivingDNA™ for automated solutions and guided insights to act on. Visit GivingDNA.
Media Contact:
Meghan Wollack
Marketing
meghan.wollack@pursuant.com
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SOURCE GivingDNA
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New dispensary expands patient access to medical cannabis; grand opening specials available
TALLAHASSEE, Fla., July 1, 2022 /PRNewswire/ -- Trulieve Cannabis Corp. (CSE: TRUL) (OTCQX: TCNNF) ("Trulieve" or "the Company"), a leading and top-performing cannabis company in the United States, today announced the grand opening of a new medical dispensary in Morgantown-Granville, WV. Located at 525 Granville Square, the doors open at 10 a.m. on Friday, July 1, 2022.
The 5,100 square-foot dispensary is situated in a highly trafficked area of Morgantown, adjacent to University Town Center and within the Granville Square Shops outlet mall. The Company's fifth retail location in West Virginia will be open seven days a week from 10am – 6pm and features enhanced visual elements and robust product offerings.
Grand opening festivities will be held on Saturday, July 9 throughout the day to include partner giveaways, deals and specials, and all registered patients will receive a 25% discount. On-site medical care specialists will be available to assist with medical card registration and certification for West Virginia patients.
"In the past year, West Virginia's medical cannabis program has added nearly 10,000 patients, and we are thrilled to serve this flourishing community through our newest location," said Chief Executive Officer Kim Rivers, "Trulieve's growing retail footprint demonstrates our ongoing commitment to provide the best quality services and products for the state's registered medical cannabis patients. We look forward to supporting our patients throughout their cannabis journey and strengthening community connections in this developing market."
Trulieve patients across West Virginia can choose from a large selection of THC and CBD products available in a variety of consumption methods, including flower, concentrates, tinctures, topicals, ingestibles, and more. Designed to meet every patient's needs, our portfolio of in-house brands includes Cultivar Collection, Momenta, Muse, TruFlower and more.
Last November, Trulieve opened West Virginia's first dispensary and has since expanded its store hours to welcome patients seven days a week. This will be Trulieve's second location in Morgantown. The Company has already opened three new dispensaries in the state this year, with plans to open four additional dispensary locations by the end of the year in Milton, Hurricane, Huntington and Belle.
For more information on store locations, please visit https://www.trulieve.com/dispensaries/west-virginia.
About Trulieve
Trulieve is an industry leading, vertically integrated cannabis company and multi-state operator in the U.S. operating in 11 states, with leading market positions in Arizona, Florida, and Pennsylvania. Trulieve is poised for accelerated growth and expansion, building scale in retail and distribution in new and existing markets through its hub strategy. By providing innovative, high-quality products across its brand portfolio, Trulieve delivers optimal customer experiences and increases access to cannabis, helping patients and customers to live without limits. Trulieve is listed on the CSE under the symbol TRUL and trades on the OTCQX market under the symbol TCNNF. For more information, please visit Trulieve.com.
Facebook: @Trulieve
Instagram: @Trulieve_
Twitter: @Trulieve
Investor Contact
Christine Hersey, Executive Director of Investor Relations
+1 (424) 202-0210
Christine.Hersey@Trulieve.com
Media Contact
Rob Kremer, Executive Director of Corporate Communications
+1 (404) 218-3077
Robert.Kremer@Trulieve.com
MATTIO Communications
Trulieve@Mattio.com
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Membership allows accelerated business and deeper customer support
TEL AVIV, Israel, Dec. 14, 2022 /PRNewswire/ -- Solvo, a provider of adaptive cloud infrastructure security solutions, today announced it has joined the Amazon Web Services (AWS) Independent Software Vendors (ISV) Accelerate Program, a co-sell program for AWS Partners that provides software solutions that run on or integrate with AWS. The program helps AWS Partners drive new business by directly connecting participating ISVs with the AWS Sales organization.
"We are so excited to join the AWS ISV Accelerate Program," said Shira Shamban, CEO and co-founder of Solvo. "Solvo's acceptance into AWS ISV Accelerate Program not only strengthens our alliance with AWS, but also amplifies our ability to help our customers capture the full potential of the industry's only application-aware cloud infrastructure security platform."
AWS ISV Accelerate Program members are held to the industry's highest standards and must undergo a comprehensive evaluation to gain acceptance into the program. Solvo's membership in the AWS ISV Accelerate Program further validates Solvo as a leading solution provider that offers differentiated value for AWS customers. Through this program, Solvo aims to enhance security outcomes for AWS customers in further streamlining their ability to detect cloud infrastructure IAM misconfigurations through a comprehensive solution that automatically remediates violations.
Solvo breaks through the crowded cybersecurity and IAM market by offering the only application-aware cloud security management solution that helps R&D, DevOps and Security teams discover, monitor and remediate cloud misconfigurations automatically. Participation in the AWS ISV Accelerate program will accelerate the delivery of Solvo's out-of-the-box policies for compliance and automatic detection of violations, along with an easy-to-understand and real-time graph visualization of cloud infrastructure access permissions, to more global enterprises. AWS customers who deploy Solvo can be confident in the platform's integration with existing workloads and applications, supported by AWS.
To learn more about the program, please visit the AWS ISV Accelerate Program.
Solvo's offerings are also available in AWS Marketplace, where customers can identify and deploy third-party software. To learn more about Solvo, register for a free trial or purchase its platform in the AWS Marketplace, visit this link.
Solvo is an adaptive cloud infrastructure security platform that enables organizations to innovate at cloud speed and scale. Leveraging real-time monitoring and analysis across cloud infrastructure, applications, data, and users, Solvo automatically creates customized, constantly updated least-privileged access policies based on the level of risk associated with entities and data in the cloud. Solvo's contextual, multi-dimensional analytics help CISOs identify and prioritize risks and proactively mitigate cloud misconfigurations and vulnerabilities while facilitating collaboration between security, DevOps and engineering teams. Using Solvo, organizations can reduce their cloud attack surface, simplify compliance, and grow their business in a secure manner. For more information, please visit https://www.solvo.cloud/.
Media Contact
Sena McGrand
Lumina Communications for Solvo
Solvo@luminapr.com
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NEW YORK (AP) — Virtually everything was going right for President Joe Biden as he opened the year.
His approval ratings were ticking up. Inflation was slowing. And as Democrats united behind his likely reelection campaign, Republicans were at war with themselves after a disappointing midterm season.
But on Thursday, Biden’s political outlook veered into more uncertain territory after Attorney General Merrick Garland appointed a special counsel to investigate the Democratic president’s handling of classified documents.
Democrats publicly and privately conceded that the stunning development was at best an unwelcome distraction at an inopportune time that muddies the case against Donald Trump. The Republican former president is facing a special counsel of his own and is under federal criminal investigation for his handling of classified documents and other potential transgressions.
There are major differences between the two cases. Most notably, there is no suggestion that Biden purposefully tried to prevent the documents discovered at his home or office from being turned over or that he was even aware of their presence. Trump, who is being probed for potentially obstructing investigators, also had far more classified documents in his possession.
But Thursday’s appointment of a special counsel nonetheless thrusts legal uncertainty over the sitting president and could revive debate among Democrats about the wisdom of him seeking a second term.
“No one’s going to say this is helpful,” veteran Democratic strategist James Carville said. “It’s pretty evident that’s not the case.”
As Democrats recoiled into a defensive posture, Trump’s would-be Republican rivals in 2024 acknowledged that the contours of the upcoming race had shifted.
Trump “is the luckiest man in American politics,” said John Bolton, who served as national security adviser under Trump and is considering a Republican White House bid. “This ought to be disqualifying to both of them.”
Thus begins a messy election season in which the current and former presidents of the United States are both under investigation by special counsels as they gear up for a potential rematch in 2024. Many voters in both parties were already calling for a new generation of leadership to emerge in the nascent presidential contest. Such calls are now growing louder.
“On many political fronts, Biden’s touted 2024 campaign is potentially vulnerable,” said Norman Solomon, a progressive Democrat who leads the so-called Don’t Run Joe campaign, which is already running television ads against Biden in key states. “Democrats and the country as a whole would be much better off this year and next if he’s not running for president.”
The 80-year-old president has already indicated he plans to seek a second term, but he has yet to make a final decision. His allies believe he is likely to make a formal announcement after the end of March.
So far, at least, no high-profile Democrats appear willing to challenge Biden in a prospective presidential primary contest. Privately, however, some Democratic officials believe the new federal probe may help motivate an insurgent candidate.
One of Biden’s potential challengers, Vermont Sen. Bernie Sanders, recently told The Associated Press that he would make a decision about his 2024 intentions “at the appropriate time.” Nina Turner, who chaired Sanders’ 2020 presidential campaign, said after Thursday’s announcement that she hopes a “freedom-fighting progressive” mounts a primary challenge against Biden in 2024.
“The American people certainly deserve better choices — Republicans and Democrats,” Turner said, applauding the government’s decision to review Biden’s handling of classified documents in the same way it’s investigating Trump. “We shouldn’t have these men shoved down our throats.”
Garland’s appointment of a special counsel followed Biden’s acknowledgement Thursday morning that documents with classified markings from his time as President Barack Obama’s vice president were found in the garage of his Delaware home and in his personal library, in addition to documents already discovered in a locked closet at an office he used after leaving the White House.
Garland said Biden’s lawyers informed the Justice Department on Thursday morning of the discovery of a classified document at Biden’s home, after FBI agents first retrieved other documents from the garage in December.
Speaking to reporters Thursday, Biden said he was cooperating “fully and completely with the Justice Department’s review.”
“People know I take classified documents and classified material seriously,” Biden said. He added: “My Corvette’s in a locked garage.”
To be clear, there are stark differences between the cases, including the volume of documents discovered and the gravity of the ongoing grand jury investigation into the matter at Mar-a-Lago, Trump’s Palm Beach, Florida, home.
Roughly 300 records with classification markings were recovered from Mar-a-Lago, a private club that hosts constant events. The search of Trump’s property was the culmination of months of back-and-forth between the government and Trump’s representatives, who repeatedly resisted efforts to return the missing documents. And the Justice Department says classified documents were “likely concealed and removed” from a storage room as part of what they allege was an effort to obstruct the federal investigation.
A warrant for the search showed the FBI was investigating crimes including the willful retention of national defense information and efforts to obstruct the federal probe.
Trump has nonetheless seized on the news, seeking to use it to undermine the investigation into his actions.
“It’s over,“ Trump said in an interview with conservative talk radio host Mark Levin on Thursday evening. ”When all of these documents started coming out and Biden had them, it really changed the complexion and the intensity that they were showing to me because, you know, what they did is – I don’t say far worse, I did nothing wrong — what they did is not good. What they did is bad.”
Some Democrats were hopeful, but not certain, that voters might distinguish between Biden’s cooperative approach involving a small trove of documents he apparently possessed by mistake and what federal prosecutors described as Trump’s willful obstruction of hundreds of government secrets.
“It’s all the difference in the world between having something you don’t know you have and having something you know you have and aren’t supposed to have,” Carville said. “Is that going to get lost among a third of the country? Probably so.”
Bolton, a fierce Trump critic, predicted that the significant legal differences between the two cases would “get lost in the fog.” Now, he finds it hard to believe that Trump can be prosecuted for the Mar-a-Lago documents, regardless of the circumstances.
“I don’t see how a criminal case goes forward at this point,” Bolton said. “I just think it’s such a cloud over the prosecution.”
While the ground may have shifted, Trump’s legal challenges aren’t going to disappear.
Two months ago, Garland appointed former Justice Department public corruption prosecutor Jack Smith to lead investigations into the classified documents discovered at Mar-a-Lago as well as key aspects of a separate probe involving the Jan. 6, 2021, insurrection and efforts to undo the 2020 election.
Federal prosecutors have been especially focused on a scheme by Trump allies to elevate fake electors in key battleground states won by Biden as a way to subvert the vote. They issued subpoenas to multiple state Republican Party chairmen.
Democratic strategist Josh Schwerin described the latest development as “certainly not ideal.”
“I think everyone would wish this hadn’t happened, including the president,” he said. “But it’s important to keep all of this in context: Everyone views President Biden as a far more responsible figure than Donald Trump. And that cannot be forgotten.”
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This story has been updated to correct the spelling of Norman Solomon.
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https://cw33.com/news/politics/ap-politics/ap-biden-political-future-clouded-by-classified-document-probe/
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2023-01-14 01:31:56
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WASHINGTON (AP) — Jill Biden headed for Africa on Tuesday, first stop Namibia, declaring as she departed Washington that she had “a lot to accomplish” during a five-day visit focused on empowering women and young people and addressing food insecurity.
The first lady’s visit to Namibia and Kenya is part of a push by the United States to step up engagement with Africa as a counterweight to China’s influence on the continent.
Biden, who teaches English and writing at a community college, said she dashed home from class with only an hour to spare before she needed to depart on the trip. She headed out a day before her husband gets back from his surprise trip to Ukraine and a scheduled visit to Poland.
“This whole trip will be exciting and we have a lot to accomplish,” she said.
Granddaughter Naomi Biden is accompanying the first lady on the trip.
President Joe Biden told African leaders who came to Washington for a summit last year that the U.S. is “all in” on the continent’s future and announced that he, his wife, the vice president and several members of his Cabinet would travel to Africa this year. He joked that the leaders would get tired of hosting everyone.
Jill Biden will be the third U.S. official to visit Africa this year, following Treasury Secretary Janet Yellen and U.S. Ambassador to the United Nations Linda Thomas-Greenfield.
The first lady will highlight issues around women, youth and food insecurity in the Horn of Africa, which includes Kenya, that was caused by severe drought and other factors. She will also focus on deepening U.S. relations with the two countries that are hosting her.
She will be the most senior U.S. official to visit Namibia since a brief stop there by Vice President Al Gore in 1996, the White House said.
Through renewed engagement with the countries of Africa, the U.S. aims to catch up with its economic rival, China, which has outpaced the U.S. in terms of trade in some of the 54 nations on the continent, the second most-populous.
Trade between the U.S. and sub-Saharan Africa totaled $44.9 billion in 2021, a 22% increase from 2019. But direct investment fell by 5.3% to $30.3 billion. Trade between Africa and China in 2021 surged to $254 billion, up about 35% as Chinese exports increased to the continent.
Jill Biden is not a stranger to Africa. The trip will be her sixth to the continent, her third time in Kenya and her first visit to Namibia.
It will also be her fourth solo trip abroad in the two years since the president took office.
She traveled to Tokyo in 2021 to cheer Team USA at the delayed Olympic Games.
For Mother’s Day last year, she traveled to Romania and Slovakia to meet with Ukrainian women who fled with their children after Russia’s military invasion. The trip included a clandestine drive across Slovakia’s border a short distance into western Ukraine, where she spent several hours meeting with Olena Zalenska, the wife of Ukraine’s president, Volodymyr Zelenskyy.
Jill Biden also traveled solo to Costa Rica, Ecuador and Panama in 2022.
She has accompanied her husband on trips to Europe and Mexico, where he participated in summit meetings with other world leaders.
During the U.S.-Africa Leaders Summit in December, the first lady hosted two days of events for the spouses, including her counterparts from Kenya and Namibia.
President Biden is expected to visit Africa later this year, though the White House has not announced his travel dates. He was in Poland on Tuesday following the surprise visit to Ukraine on Monday to meet with Zelenskyy.
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https://cw33.com/news/politics/ap-politics/ap-jill-biden-to-visit-namibia-kenya-part-of-us-africa-push/
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2023-02-21 23:08:40
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SHANGHAI, March 1, 2023 /PRNewswire/ -- GenFleet Therapeutics, a clinical-stage biotechnology company focusing on cutting-edge therapies in oncology and immunology, announced today that European Medicine Agency (EMA) approved the phase Ib/II study of GFH925 (KRASG12C inhibitor) in combination with ERBITUX® (cetuximab). This is the first therapy combining a KRASG12C inhibitor and cetuximab granted with CTA approval to treat advanced patients with KRASG12C-mutant NSCLC (non-small cell lung cancer) in the first-line setting.
With study concept proposed by GenFleet, the trial is led by Professor Rafael Rosell, a world-renowned expert in particular in the field of lung cancer, with scores of clinical research centers participating in the study across Europe. GenFleet will firstly initiate the overseas study, followed by domestic trials conducted by its partner Innovent Biologics, to accelerate the clinical development of the combination therapy treating NSCLC in first-line setting.
"GFH925 is an investigational product with promising efficacy and good safety profile as monotherapy developed by Chinese biotech. This product has been granted breakthrough therapy designation (BTD) by NMPA in China. The innovative and thoughtful idea of combining GFH925 with Erbitux will potentially pave the way for bringing KRAS inhibitors to treat NSCLC in the first-line setting. The study is among the few combination trials that target the frontline treatment and is in leading position when compared with other pharmaceutical companies. We look forward to seeing data from this study." said Professor Rafael Rosell, Quiron-Dexeus University Institute and Catalan Institute of Oncology.
"As GenFleet's first multi-center study in Europe, it highlights our ability for novel design and our efficiency executing cross-border combination trials. Currently, GenFleet and our partner are conducting a number of trials in different regions across the globe, demonstrating the broad prospects of GFH925 in clinical development. Through collaboration with our industry-leading partners, we hope innovative therapies can be delivered fast to benefit patients worldwide. " said by Yu Wang, M.D.,Ph.D., Chief Medical Officer of GenFleet.
About GFH925X0201 and GFH925
The multi-center study of GFH925 in combination with cetuximab is to kick off in scores of clinical rsearch centers worldwide and sets its objectives to evaluate the safety/tolerance, efficacy and the pharmacokinetic characteristics of the combination in advanced NSCLC patients harboring KRASG12C mutation.
The phase I data of GFH925 monotherapy were presented at ASCO and CSCO annual meetings in 2022. Of 21 patients with NSCLC treated at 600mg BID (the recommended phase 2 dose), better efficacy signal was observed, with investigator assessed ORR 61.9% and DCR 100%. GFH925 monotherapy has been granted with breakthrough therapy designation by CDE, to treat advanced NSCLC patients with KRASG12C mutation that have received at least one prior line of systemic therapy.
By covalently and irreversibly modifying the cysteine residue of KRASG12C protein, GFH925 inhibits the GTP/GDP exchange, an essential step in pathway activation. Preclinical cysteine selectivity studies demonstrated high selectivity of GFH925 towards G12C. Subsequently, GFH925 inhibits the downstream signal pathway to induce tumor cells' apoptosis and cell cycle arrest.
About ERBITUX® (cetuximab)
ERBITUX is an IgG1 monoclonal antibody targeting the epidermal growth factor receptor (EGFR). As a monoclonal antibody, the mode of action of ERBITUX is distinct from standard non-selective chemotherapy treatments in that it specifically targets and binds to the EGFR. This binding inhibits the activation of the receptor and the subsequent signal-transduction pathway, which results in reducing both the invasion of normal tissues by tumor cells and the spread of tumors to new sites.
About GenFleet Therapeutics
GenFleet Therapeutics, a clinical-stage biotechnology company focusing on cutting-edge therapies, is dedicated to serving significant global unmet medical needs in oncology and immunology. Based on the deep understanding of disease biology and translational medicine, GenFleet's proprietary and fully integrated R&D platform highlights multiple cutting-edge products with novel mechanisms and global IP.
Since its inception in 2017, GenFleet has built up industry-leading capabilities and expertise in developing novel drug candidates - both small molecules and biologics. Its pipeline includes over 10 programs, many of which have entered multi-regional clinical trials across China (including Taiwan), the United States, Europe and Australia. To date, GenFleet has over 5 clinical studies encompassing IND stage to phase II studies and completed co-development partnerships with a number of publicly listed companies worldwide.
GenFleet is expected to progress additional programs into the clinic, as well as transition from a clinical stage biotech company into a commercial stage biopharmaceutical company in the next 3-5 years.
View original content:
SOURCE GenFleet Therapeutics
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https://www.wibw.com/prnewswire/2023/03/01/genfleet-receives-ema-approval-phase-ibii-study-gfh925-kras-g12c-inhibitor-combination-with-erbitux-cetuximab-treating-patients-with-advanced-nsclc-first-line-setting/
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2023-03-01 12:14:04
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Madison Keys 2023 French Open Odds
Madison Keys enters the French Open following her Internazionali BNL d'Italia ended with a loss to Anhelina Kalinina in the round of 16. Keys' opening match is against Kaia Kanepi (in the round of 128). Keys' odds are +12500 to take home the trophy from Stade Roland Garros.
Find all the latest odds for the 2023 French Open and place your bets with a new user bonus from BetMGM.
Keys at the 2023 French Open
- Next Round: Round of 128
- Tournament Dates: May 21 - June 10
- Venue: Stade Roland Garros
- Location: Paris, France
- Court Surface: Clay
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Keys' Next Match
In the round of 128 of the French Open, on Sunday, May 28 (at 5:00 AM ET), Keys will play Kanepi.
Keys is currently listed at -500 to win her next contest versus Kanepi. Check out the latest odds for the entire field at BetMGM.
Madison Keys Grand Slam Odds
- Wimbeldon odds to win: +5000
- US Open odds to win: +3300
- French Open odds to win: +12500
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Keys Stats
- Keys is coming off a defeat in the Round of 16 at the Internazionali BNL d'Italia, at the hands of No. 47-ranked Kalinina, 6-2, 2-6, 4-6.
- In 17 tournaments over the past 12 months, Keys is yet to win a title, and her overall record is 24-17.
- Keys is 6-3 on clay over the past year, with zero tournament wins.
- Through 41 matches over the past 12 months (across all court surfaces), Keys has played 20.6 games per match. She won 52.5% of them.
- Over the past year, Keys has played nine matches on clay, and 20.4 games per match.
- When it comes to serve/return winning percentages over the past year, Keys has won 69.3% of her games on serve, and 35.8% on return.
- As far as serve/return winning percentages on clay over the past 12 months, Keys has won 71.7% of her games on serve, and 39.1% on return.
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https://www.wibw.com/sports/betting/2023/05/21/madison-keys-french-open-betting-odds/
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2023-05-27 03:21:39
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Second quarter 2022 GAAP earnings of $1.5 billion, or $1.09 per diluted share
Second quarter 2022 Adjusted earnings of $1.6 billion, or $1.20 per diluted share
Results reflect strong loan growth and expanded NIM given higher rates and strong deposit franchise
Fee revenues include record insurance and card and payment related fees, tempered by market volatility
Capital, liquidity, and credit quality remain strengths
CHARLOTTE, N.C., July 19, 2022 /PRNewswire/ -- Truist Financial Corporation (NYSE: TFC) today reported earnings for the second quarter of 2022.
Net income available to common shareholders of $1.5 billion was down 6.7% from the second quarter of last year, primarily due to a benefit in the provision for credit losses last year. Earnings per diluted common share were $1.09, a decrease of 6.0% compared with the same period last year. Results for the second quarter produced an annualized return on average assets (ROA) of 1.14%, an annualized return on average common shareholders' equity (ROCE) of 10.3%, and an annualized return on tangible common shareholders' equity (ROTCE) of 22.7%.
Adjusted net income available to common shareholders was $1.6 billion, or $1.20 per diluted share, excluding merger-related and restructuring charges of $121 million ($92 million after-tax), incremental operating expenses related to the merger of $117 million ($89 million after-tax), and a gain on the redemption of FHLB advances of $39 million ($30 million after-tax). Adjusted results produced an annualized ROA of 1.25%, an annualized ROCE of 11.3%, and an annualized ROTCE of 24.8%.
"Truist demonstrated much progress this quarter for our stakeholders. Our solid second-quarter performance reflects our improved momentum post-integration and the resiliency of our diverse business mix in a volatile market environment," said Chairman and CEO Bill Rogers. "Our results include adjusted net income of $1.6 billion and a strong adjusted return on average tangible common equity of 25%. Loan growth was broad-based and we delivered significant expansion of our net interest margin as a result of higher interest rates and our strong deposit franchise. Credit quality remained excellent in the second quarter, also evidenced by our performance during the latest stress test, with Truist having the second-lowest loan loss rate among our peers under the severely adverse stress scenario. Following our stress test results we announced a strong 8% increase in our quarterly cash dividend, subject to approval by the board of directors at our July meeting.
"Guided by our purpose to inspire and build better lives and communities, we're investing in key talent by increasing our minimum wage to $22 effective October 1, 2022. We've also committed $120 million to help historically underserved small businesses gain access to capital and technical assistance. Our recent 2021 Environmental, Social, and Governance and Corporate Social Responsibility report highlights the significant steps we've taken to meet and exceed our goals, including the diversity of our senior leadership and supporting our clients and communities to transition to a lower carbon economy.
"While certain residual integration activities remain, we're seeing the early benefits of our shift from integrating to operating and continue to make strategic investments in talent and technology to accelerate our growth. We're confident Truist is well-positioned to perform in any environment given our diverse business mix and strong capital position. We remain committed to delivering positive operating leverage on both a GAAP and adjusted basis for full-year 2022."
Second Quarter 2022 Performance Highlights
- Earnings per diluted common share for the second quarter of 2022 were $1.09
- Declines were impacted by a higher provision cost compared to prior periods
- PPNR for the second quarter of 2022 was $2.1 billion, up 25% compared to first quarter 2022 and 26% compared to second quarter 2021
- Taxable-equivalent revenue for the second quarter of 2022 was $5.7 billion, up 6.2% compared to first quarter 2022 and relatively flat compared to second quarter 2021
- The increase compared to first quarter 2022 was primarily due to higher market interest rates coupled with well controlled deposit costs, loan growth, and one additional day
- Record insurance income due to continued organic growth, acquisitions and seasonality
- Record card and payment related fees due to increased activity and prior quarter acquisition of certain merchant services relationships
- Investment banking revenues were lower compared to last year due to volatile market conditions
- Residential mortgage income declined due to lower margins and refinance volumes resulting from the higher rate environment
- Core net interest margin was 2.72%, up 15 basis points from first quarter 2022, driven by higher market interest rates coupled with well controlled deposit costs and positive earning asset mix shift
- Noninterest expense for the second quarter of 2022 was $3.6 billion, down 2.6% compared to first quarter 2022 and down 10.7% compared to second quarter 2021
- Broad-based loan growth; end of period loans held for investment grew 4.7% compared to the first quarter of 2022
- Average commercial loans were up $5.8 billion, or 3.5%, driven by broad based growth within the commercial and industrial portfolio
- Average consumer loans were up $2.2 billion, or 1.9%, across all portfolios except student lending
- Asset quality remains excellent, reflecting Truist's prudent risk culture and diverse portfolio
- The ALLL coverage ratio was 6.54X annualized net charge-offs, versus 5.78X for first quarter 2022
- Capital and liquidity levels remained strong; deployed capital through organic loan growth, dividends, and share repurchases
Second Quarter 2022 compared to First Quarter 2022
Total taxable-equivalent revenue was $5.7 billion for the second quarter of 2022, an increase of $332 million, or 6.2%, compared to the prior quarter.
Taxable-equivalent net interest income for the second quarter of 2022 was up $226 million, or 7.0%, compared to the prior quarter due primarily to higher market interest rates coupled with well controlled deposit costs, loan growth, and one additional day. Average earning assets increased $5.9 billion, or 1.3%, due to growth in average total loans of $7.4 billion, or 2.5%, and average other earning assets of $2.3 billion, or 12%, partially offset by a decrease in average securities $4.0 billion, or 2.6%. Average deposits increased $8.5 billion, or 2.0%, average short-term borrowings increased $2.7 billion, or 39%, while average long-term debt decreased $4.1 billion, or 12% due to redemptions and maturities.
The net interest margin was 2.89% for the second quarter, up 13 basis points compared to the prior quarter. The yield on the total loan portfolio for the second quarter was 3.91%, up 22 basis points compared to the prior quarter primarily due to higher market interest rates. The yield on the average securities portfolio for the second quarter was 1.82%, up 14 basis points compared to the prior quarter primarily due to higher yields on new investments and favorable hedge benefits. Core net interest margin was 2.72%, for the second quarter, up 15 basis points compared to the prior quarter driven primarily by higher market interest rates coupled with well controlled deposit costs and positive earning asset mix shift.
The average cost of total deposits was 0.09%, up six basis points compared to the prior quarter. The average cost of short-term borrowings was 1.26%, up 66 basis points compared to the prior quarter. The average cost of long-term debt was 1.75%, up 25 basis points compared to the prior quarter. The increase in rates on deposits and other funding sources was largely attributable to the higher rate environment.
The provision for credit losses was $171 million for the second quarter, compared to a benefit of $95 million for the prior quarter. The current quarter provision expense primarily reflects growth in the loan portfolio, partially offset by a decline in the ALLL ratio. Net charge-offs for the second quarter of 2022 totaled $159 million compared to $178 million for the prior quarter. The net charge-off ratio for the current quarter of 0.22% was down three basis points compared to first quarter 2022.
Noninterest income was $2.2 billion, an increase of $106 million, or 4.9%, compared to the prior quarter. The prior quarter included securities losses of $69 million and the gain on the redemption of a noncontrolling equity interest (other income) of $74 million related to the acquisition of certain merchant services relationships. Insurance income increased $98 million, or 13%, primarily due to increased production, seasonally higher property and casualty commissions, and acquisitions, partially offset by seasonally lower employee benefit plan commissions. Card and payment related fees increased $34 million, or 16%, due to the prior quarter acquisition of certain merchant services relationships and increased activity.
Noninterest expense was $3.6 billion for the second quarter, down $94 million, or 2.6%, compared to the prior quarter. Merger-related and restructuring charges and incremental operating expenses related to the merger decreased $95 million and $85 million, respectively, compared to first quarter 2022, given diminishing integration-related activities. The current quarter includes a $39 million gain on the redemption of FHLB advances. Excluding the aforementioned items and the amortization of intangibles, adjusted noninterest expense increased $119 million, or 3.8%, compared to the prior quarter. Personnel expense increased $51 million, or 2.5%, ($64 million on an adjusted basis) compared to first quarter 2022 due to higher incentives resulting from higher insurance revenues, higher salaries due to annual merit increases, and investments in talent for revenue producing businesses and enterprise technology, partially offset by lower payroll taxes as a result of teammates reaching limits. In addition, adjusted noninterest expense increased due to higher operational losses and teammate travel (other expense), as well as an increase for professional fees and outside processing expenses due to increased call center staffing and enterprise technology investments.
The provision for income taxes was $372 million for the second quarter of 2022, compared to $330 million for the prior quarter. The effective tax rate for the second quarter of 2022 was 19.5%, compared to 18.9% for the prior quarter. The increase in the effective tax rate was primarily driven by an increase in income before taxes and discrete tax benefits recognized in the prior quarter.
Second Quarter 2022 compared to Second Quarter 2021
Total taxable-equivalent revenues were $5.7 billion for the second quarter of 2022, relatively flat compared to the earlier quarter.
Taxable equivalent net interest income for the second quarter of 2022 was up $162 million, or 4.9%, compared to the earlier quarter primarily due to higher market interest rates coupled with well controlled deposit costs, growth in the securities portfolio and lower premium amortization. These increases were partially offset by lower purchase accounting accretion and lower PPP revenue. Average earning assets increased $20.6 billion, or 4.5%, compared to the earlier quarter. The increase in average earning assets reflects a $13.0 billion, or 10%, increase in average securities, a $6.9 billion, or 2.4%, increase in total loans and leases, and a $1.0 billion, or 20%, increase in average interest earning trading assets. Average deposits increased $27.5 billion, or 6.9%, and average short term borrowings increased $3.5 billion, or 56%, compared to the earlier quarter, while average long-term debt decreased $5.6 billion, or 15%.
Net interest margin was 2.89%, up one basis point compared to the earlier quarter. The yield on the total loan portfolio for the second quarter of 2022 was 3.91%, down ten basis points compared to the earlier quarter, reflecting the impact of lower purchase accounting accretion, partially offset by higher market interest rates. The yield on the average securities portfolio was 1.82%, up 35 basis points compared to the earlier quarter primarily due to purchases of higher yielding securities, favorable hedge benefits, and lower premium amortization. Core net interest margin was 2.72% for the second quarter, up 12 basis points compared to the earlier quarter driven by higher market interest rates coupled with well controlled deposit costs and lower premium amortization.
The average cost of total deposits was 0.09%, up five basis points compared to the earlier quarter. The average cost of short-term borrowings was 1.26%, up 28 basis points compared to the earlier quarter. The average cost of long-term debt was 1.75%, up 15 basis points compared to the earlier quarter. The increase in rates on deposits and other funding sources was largely attributable to the higher rate environment.
The provision for credit losses was $171 million, compared to a benefit of $434 million for the earlier quarter. The earlier quarter included a reserve release due to the improving credit environment during that period. Net charge-offs for the second quarter of 2022 totaled $159 million compared to $142 million in the earlier quarter. The net charge-off ratio for the current quarter of 0.22% was up two basis points compared to the earlier quarter.
Noninterest income for the second quarter of 2022 decreased $157 million, or 6.5%, compared to the earlier quarter. Investment banking and trading income decreased $147 million, or 37%, due to lower structured real estate fees, lower high-yield bond and equity originations fees, lower loan syndications, and lower merger and acquisition fees, partially offset by higher trading income due to higher CVA gains. Other income decreased $104 million, or 87%, due to valuation changes from assets held for certain post-retirement benefits, which is primarily offset by lower personnel expense, and lower investment income from the Company's SBIC investments. Residential mortgage income decreased $43 million, or 37%, as lower production income (due to lower margins and refinance volumes resulting from the higher rate environment) was partially offset by higher servicing income (due to lower prepayments and servicing portfolio purchases). These decreases were partially offset by a $135 million, or 20%, increase in insurance income due to continued strong organic growth and acquisitions.
Noninterest expense for the second quarter of 2022 was down $431 million, or 11%, compared to the earlier quarter. Merger-related and restructuring charges decreased $176 million due to lower costs in connection with the voluntary separation and retirement program and lower costs associated with exiting facilities. Incremental operating expenses related to the merger decreased $73 million, primarily reflected in professional fees and outside processing expenses and personnel expense. The current quarter includes a $39 million gain on the redemption of FHLB advances. The prior quarter included $200 million of expense associated with charitable contributions to the Truist Foundation and the Truist Charitable Fund (other expense). Excluding the aforementioned items and the amortization of intangibles, adjusted noninterest expense increased $56 million, or 1.8%, compared to the earlier quarter. Personnel expense decreased $105 million, or 4.8%, ($74 million on an adjusted basis) due to lower other employee benefits as a result of the decrease in noninterest income for post-retirement benefits and lower incentives, partially offset by higher salaries due to annual merit increases and higher staffing for insurance (primarily from acquisitions) and enterprise technology. Other expense increased $73 million on an adjusted basis primarily due to increased operational losses and teammate travel expenses. Professional fees and outside processing expenses were up $42 million on an adjusted basis due to increased call center staffing and enterprise technology investments. Marketing and customer development expense was up $27 million due to increased spend to continue to build and strengthen Truist's brand.
The provision for income taxes was $372 million for the second quarter of 2022, compared to $415 million for the earlier quarter. The effective tax rate for the second quarter of 2022 was 19.5%, compared to 20.0% for the earlier quarter. The decrease in the effective tax rate for the second quarter of 2022 was primarily driven by lower pre-tax income.
Average loans and leases held for investment for the second quarter of 2022 were $296.7 billion, up $8.1 billion, or 2.8%, compared to the first quarter of 2022. Excluding a $695 million decrease in average PPP loans, average loans held for investment were up $8.8 billion, or 3.1%.
Average commercial loans increased $5.8 billion, or 3.5%, due to broad-based growth of $6.7 billion, or 4.8%, within the commercial and industrial portfolio. This growth was partially offset by a $1.0 billion decrease in average CRE loans.
Average consumer loans increased $2.2 billion, or 1.9%, due to a $1.3 billion increase in residential mortgages due to the continued strategy to hold certain correspondent channel production on the balance sheet and lower prepayments. In addition, indirect other increased $611 million primarily due to growth from the Service Finance, recreational lending and Sheffield portfolios, partially offset by runoff in other partnership lending programs. Indirect auto increased $408 million primarily in the prime segment of the portfolio and residential home equity and direct increased $241 million. These increases were partially offset by $317 million of runoff in student loans.
Average deposits for the second quarter of 2022 were $423.8 billion, an increase of $8.5 billion, or 2.0%, compared to the prior quarter. Average noninterest bearing deposits increased 1.8% compared to the prior quarter and represented 35.1% of total deposits for the second quarter of 2022, unchanged compared to the prior quarter. Average money market and savings and interest checking grew 5.0% and 0.2%, respectively, compared to the prior quarter. The increase in average money market and savings was primarily due to an increase from brokered deposits. Average time deposits decreased 9.7% primarily due to the maturity of higher-cost accounts.
Capital ratios remained strong compared to the regulatory requirements for well capitalized banks. Truist declared common dividends of $0.48 per share during the second quarter of 2022 and repurchased $250 million of common stock. The dividend and total payout ratios for the second quarter of 2022 were 44% and 61%, respectively.
Truist CET1 ratio was 9.2% as of June 30, 2022. The 20 basis point decline compared to the March 31, 2022 CET1 ratio primarily reflects strong loan growth and share repurchases.
Truist completed the 2022 Comprehensive Capital Analysis and Review (CCAR) process and received the preliminary stress capital buffer requirement of 2.5% for the period October 1, 2022 to September 30, 2023. By August 31, 2022, the Federal Reserve will provide Truist with its final stress capital buffer requirement. Truist also previously announced plans to increase the quarterly dividend 8% to $0.52 beginning in the third quarter of 2022. Truist's dividends are subject to approval by its Board of Directors, and the third quarter dividend will be considered by the Truist Board at its upcoming meeting.
Truist's average LCR was 110% for the three months ended June 30, 2022, compared to the regulatory minimum of 100%. Truist continues to maintain a strong liquidity position and is well prepared to meet the funding needs of clients.
Nonperforming assets totaled $1.2 billion at June 30, 2022, up $38 million compared to March 31, 2022 due to an increase in the commercial and industrial portfolio, partially offset by a decrease in the residential mortgage portfolio. Nonperforming loans and leases held for investment were 0.36% of loans and leases held for investment at June 30, 2022, flat compared to March 31, 2022.
Performing TDRs were up $178 million compared to the prior quarter primarily due to an increase in government guaranteed residential mortgages.
Loans 90 days or more past due and still accruing totaled $1.8 billion at June 30, 2022, down $127 million, or seven basis points, as a percentage of loans and leases compared with the prior quarter primarily due to a decline in government guaranteed residential mortgages. Excluding government guaranteed loans, the ratio of loans 90 days or more past due and still accruing as a percentage of loans and leases was 0.04% at June 30, 2022, flat from March 31, 2022.
Loans 30-89 days past due and still accruing of $2.1 billion at June 30, 2022 were down $10 million, or three basis points as a percentage of loans and leases, compared to the prior quarter due to declines in the commercial and industrial portfolio, partially offset by a seasonal increase in the indirect auto portfolio.
Net charge-offs during the second quarter totaled $159 million, or 0.22% as a percentage of average loans, and were down three basis points compared to the prior quarter.
The allowance for credit losses was $4.4 billion and includes $4.2 billion for the allowance for loan and lease losses and $247 million for the reserve for unfunded commitments. The ALLL ratio was 1.38% compared to 1.44% at March 31, 2022. The decline in the ALLL ratio was due to strong portfolio performance partially offset by a moderately slower economic outlook. The ALLL covered nonperforming loans and leases held for investment 3.84X compared to 3.99X at March 31, 2022. At June 30, 2022, the ALLL was 6.54X annualized net charge-offs, compared to 5.78X at March 31, 2022.
Truist operates and measures business activity across three segments: Consumer Banking and Wealth, Corporate and Commercial Banking, and Insurance Holdings, with functional activities included in Other, Treasury and Corporate. The Company's business segment structure is based on the manner in which financial information is evaluated by management as well as the products and services provided or the type of client served. For additional information, see "Note 21. Operating Segments" of the Annual Report on Form 10-K for the year ended December 31, 2021.
Second Quarter 2022 compared to First Quarter 2022
Consumer Banking and Wealth ("CB&W")
CB&W net income was $773 million for the second quarter of 2022, a decrease of $100 million compared to the prior quarter. Segment net interest income increased $92 million primarily driven by favorable funding credits on deposits attributable to a higher rate environment, higher average loan balances, and one additional day, partially offset by a decrease in loan spreads and lower purchase accounting accretion. The allocated provision for credit losses increased $126 million reflecting the impact of loan growth in the current quarter and a reserve release in the prior quarter. Noninterest income decreased $58 million driven by a gain on the redemption of a noncontrolling equity interest in the prior quarter as well as lower residential mortgage income primarily driven by lower production income. These decreases were partially offset by an increase in card and payment related fees primarily due to seasonally higher spend in the current quarter as well as the prior quarter acquisition of certain merchant services relationships. Noninterest expense increased $46 million primarily due to higher merger-related and restructuring charges, professional fees and outside processing related to call center staffing, and marketing and customer development, partially offset by lower deposit related expenses in the current quarter.
Average loans held for investment increased $2.7 billion, or 2.0%, compared to the prior quarter primarily due to an increase in residential mortgages due to the continued strategy to put certain correspondent channel production onto the balance sheet and lower prepayments, an increase in indirect other primarily due to growth from the Service Finance, recreational lending and Sheffield portfolios partially offset by runoff in other partnership lending programs, an increase in the indirect auto prime portfolio as well as an increase in residential home equity and direct lending. These increases were partially offset by runoff in student loans. Average total deposits increased $2.2 billion, or 1.0%, compared to the prior quarter primarily due to an increase in non-interest bearing deposits, partially offset by a decrease in time deposits in the current quarter.
Corporate and Commercial Banking ("C&CB")
C&CB net income was $954 million for the second quarter of 2022, a decrease of $49 million compared to the prior quarter. Segment net interest income increased $64 million due to higher rates, growth in core loan balances from higher utilization rates, and one additional day. The allocated provision for credit losses increased $122 million primarily due to growth in the loan portfolio and a lower reserve release than the prior quarter, partially offset by the impact of lower net charge offs in the current quarter. Noninterest income increased $17 million primarily due to fixed income and lending fees, offset by lower investment banking fees. Noninterest expense increased $25 million primarily driven by increased personnel expenses due to strategic hiring in the current quarter.
Average loans held for investment increased $7.1 billion, or 4.6%, compared to the prior quarter primarily due to increases in core commercial and industrial loans partially offset by decreases in average PPP loans (commercial and industrial) and average commercial real estate loans. Average total deposits decreased $5.2 billion, or 3.4%, compared to the prior quarter primarily due to declines in interest bearing checking and money market and savings deposits.
Insurance Holdings ("IH")
IH net income was $178 million for the second quarter of 2022, an increase of $26 million compared to the prior quarter. Noninterest income increased $95 million primarily due to increased production, seasonally higher property and casualty commissions, and acquisitions, partially offset by seasonally lower employee benefit plan commissions. Noninterest expense increased $64 million primarily due to incentive expenses related to higher revenues in the current quarter.
Other, Treasury & Corporate ("OT&C")
OT&C generated a net loss of $373 million for the second quarter of 2022, compared to a net loss of $612 million for the prior quarter. Net interest income increased $64 million primarily due to higher earnings in the securities portfolio from purchases of higher yielding MBS and favorable hedge benefits. Noninterest income increased $52 million primarily driven by prior quarter losses on the sale of securities as well as valuation changes from assets held for certain post-retirement benefits. Noninterest expense decreased $229 million primarily driven by lower merger-related and restructuring charges and incremental operating expenses related to the merger due to diminishing integration-related activities, a gain on the redemption of FHLB advances, and lower occupancy expenses as well as lower professional fees and outside processing in the current quarter.
Second Quarter 2022 compared to Second Quarter 2021
Consumer Banking and Wealth
CB&W net income was $773 million for the second quarter of 2022, a decrease of $26 million compared to the earlier quarter. Segment net interest income increased $202 million primarily driven by favorable funding credit on deposits attributable to the higher rate environment and higher average loan balances, partially offset by decreased loan spreads and lower purchase accounting accretion. The allocated provision for credit losses increased $203 million reflecting the impact of loan growth in the current quarter and a reserve release in the earlier quarter as well as increased charge offs in the current quarter. Noninterest income decreased $33 million compared to earlier quarter driven by a decrease in residential mortgage income due to lower production income (due to lower margins and refinance volumes), partially offset by higher servicing income (due to lower prepayments and servicing portfolio purchases.) This decrease is partially offset by higher card and payment fees driven by higher merchant income due to the acquisition of certain merchant services relationships as well as higher consumer spend. Noninterest expense was flat compared to the earlier quarter.
Corporate and Commercial Banking
C&CB net income was $954 million for the second quarter of 2022, a decrease of $352 million compared to the earlier quarter. Segment net interest income increased $38 million primarily due to higher funding credit on deposits, increases to noninterest-bearing deposit balances, and higher average loan balances, partially offset by lower PPP revenue and lower purchase accounting accretion. The allocated provision for credit losses increased $371 million primarily reflecting an allowance release in the earlier quarter and loan growth in the current quarter, partially offset by lower net charge offs in the current quarter. Noninterest income decreased $172 million compared to the earlier quarter due to lower investment banking revenue, partially offset by higher trading income due to higher CVA gains. Noninterest expense decreased $47 million driven by lower incentive expense tied to lower revenues as well as lower merger-related costs given diminishing integration-related activities in the current quarter.
Insurance Holdings
IH net income was $178 million for the second quarter of 2022, an increase of $19 million compared to the earlier quarter. Noninterest income increased $135 million primarily due to continued organic growth and acquisitions. Noninterest expense increased $109 million primarily due to higher performance-based incentives and salaries.
Other, Treasury & Corporate
OT&C generated a net loss of $373 million in the second quarter of 2022, compared to a net loss of $606 million in the earlier quarter. Net interest income decreased $81 million primarily due to higher funding credit on deposits to other segments, partially offset by higher earnings in the securities portfolio from higher yields on new purchases and lower premium amortization. Noninterest income decreased $87 million primarily due to valuation changes from assets held for certain post-retirement benefits, which is primarily offset by lower personnel expense. Noninterest expense decreased $502 million compared to the earlier quarter primarily due to charitable contributions to the Truist Foundation and the Truist Charitable Fund in the earlier quarter, lower merger-related and restructuring charges and incremental operating expenses related to the merger, a gain on the redemption of FHLB advances in the current quarter, and lower personnel expense due to lower other employee benefits as a result of the decrease in noninterest income for post-retirement benefits and lower incentives.
Earnings Presentation and Quarterly Performance Summary
To listen to Truist's live second quarter 2022 earnings conference call at 8 a.m. ET today, please call 855-303-0072 and enter the participant code 100038. A presentation will be used during the earnings conference call and is available on our website at https://ir.truist.com/events-and-presentation. Replays of the conference call will be available for 30 days by dialing 888-203-1112 (access code 100038).
The presentation, including an appendix reconciling non-GAAP disclosures, and Truist's Second Quarter 2022 Quarterly Performance Summary, which contains detailed financial schedules, are available at https://ir.truist.com/earnings.
About Truist
Truist Financial Corporation is a purpose-driven financial services company committed to inspiring and building better lives and communities. Truist has leading market share in many high-growth markets in the country. The company offers a wide range of services including retail, small business and commercial banking; asset management; capital markets; commercial real estate; corporate and institutional banking; insurance; mortgage; payments; specialized lending; and wealth management. Headquartered in Charlotte, North Carolina, Truist is a top 10 U.S. commercial bank with total assets of $545 billion as of June 30, 2022. Truist Bank, Member FDIC. Learn more at Truist.com.
Capital ratios and return on risk-weighted assets are preliminary.
This news release contains financial information and performance measures determined by methods other than in accordance with accounting principles generally accepted in the United States of America ("GAAP"). Truist's management uses these "non-GAAP" measures in their analysis of the Corporation's performance and the efficiency of its operations. Management believes these non-GAAP measures provide a greater understanding of ongoing operations, enhance comparability of results with prior periods and demonstrate the effects of significant items in the current period. The Corporation believes a meaningful analysis of its financial performance requires an understanding of the factors underlying that performance. Truist's management believes investors may find these non-GAAP financial measures useful. These disclosures should not be viewed as a substitute for financial measures determined in accordance with GAAP, nor are they necessarily comparable to non-GAAP performance measures that may be presented by other companies. Below is a listing of the types of non-GAAP measures used in this news release:
- Adjusted Efficiency Ratio - The adjusted efficiency ratio is non-GAAP in that it excludes securities gains (losses), amortization of intangible assets, merger-related and restructuring charges, and other selected items. Truist's management uses this measure in their analysis of the Corporation's performance. Truist's management believes this measure provides a greater understanding of ongoing operations and enhances comparability of results with prior periods, as well as demonstrates the effects of significant gains and charges.
- Adjusted Operating Leverage - The adjusted operating leverage ratio is non-GAAP in that it excludes securities gains (losses), amortization of intangible assets, merger-related and restructuring charges, and other selected items. Truist's management uses this measure in their analysis of the Corporation's performance. Truist's management believes this measure provides a greater understanding of ongoing operations and enhances comparability of results with prior periods, as well as demonstrates the effects of significant gains and charges.
- Pre-Provision Net Revenue (PPNR) - Pre-provision net revenue is a non-GAAP measure that adjusts net income determined in accordance with GAAP to exclude the impact of the provision for credit losses and provision for income taxes. Adjusted pre-provision net revenue is a non-GAAP measure that additionally excludes securities gains (losses), merger-related and restructuring charges, amortization of intangible assets, and other selected items. Truist's management believes these measures provide a greater understanding of ongoing operations and enhances comparability of results with prior periods.
- Tangible Common Equity and Related Measures - Tangible common equity and related measures are non-GAAP measures that exclude the impact of intangible assets, net of deferred taxes, and their related amortization. These measures are useful for evaluating the performance of a business consistently, whether acquired or developed internally. Truist's management uses these measures to assess the quality of capital and returns relative to balance sheet risk.
- Core NIM - Core net interest margin is a non-GAAP measure that adjusts net interest margin to exclude the impact of purchase accounting. The purchase accounting marks and related amortization for loans, deposits, and long-term debt from SunTrust and other acquisitions are excluded to approximate the yields paid by clients. Truist's management believes the adjustments to the calculation of net interest margin for certain assets and liabilities acquired provide investors with useful information related to the performance of Truist's earning assets.
- Adjusted Diluted EPS - The adjusted diluted earnings per share is non-GAAP in that it excludes merger-related and restructuring charges and other selected items, net of tax. Truist's management uses this measure in their analysis of the Corporation's performance. Truist's management believes this measure provides a greater understanding of ongoing operations and enhances comparability of results with prior periods, as well as demonstrates the effects of significant gains and charges.
- Performance Ratios - The adjusted performance ratios, including adjusted return on average assets, adjusted return on average common shareholders' equity, and adjusted return on average tangible common shareholders' equity, are non-GAAP in that they exclude merger-related and restructuring charges, selected items, and, in the case of return on average tangible common shareholders' equity, amortization of intangible assets. Truist's management uses these measures in their analysis of the Corporation's performance. Truist's management believes these measures provide a greater understanding of ongoing operations and enhance comparability of results with prior periods, as well as demonstrate the effects of significant gains and charges.
- Insurance Holdings Adjusted EBITDA - EBITDA is a non-GAAP measurement of operating profitability that is calculated by adding back interest, taxes, depreciation, and amortization to net income. Truist's management also adds back merger-related and restructuring charges, incremental operating expenses related to the merger, and other selected items. Truist's management uses this measure in its analysis of the Corporation's Insurance Holdings segment. Truist's management believes this measure provides a greater understanding of ongoing operations and enhances comparability of results with prior periods, as well as demonstrates the effects of significant gains and charges.
- Allowance for Loan and Lease Losses and Unamortized Fair Value Mark as a Percentage of Gross Loans and Leases - Allowance for loan and lease losses and unamortized fair value mark as a percentage of gross loans and leases is a non-GAAP measurement of credit reserves that is calculated by adjusting the ALLL and loans and leases held for investment by the unamortized fair value mark. Truist's management uses these measures to assess loss absorption capacity.
A reconciliation of each of these non-GAAP measures to the most directly comparable GAAP measure is included in the appendix to Truist's Second Quarter 2022 Earnings Presentation, which is available at https://ir.truist.com/earnings.
This news release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, regarding the financial condition, results of operations, business plans and the future performance of Truist. Words such as "anticipates," "believes," "estimates," "expects," "forecasts," "intends," "plans," "projects," "may," "will," "should," "would," "could" and other similar expressions are intended to identify these forward-looking statements.
Forward-looking statements are not based on historical facts but instead represent management's expectations and assumptions regarding Truist's business, the economy, and other future conditions. Such statements involve inherent uncertainties, risks, and changes in circumstances that are difficult to predict. As such, Truist's actual results may differ materially from those contemplated by forward-looking statements. While there can be no assurance that any list of risks and uncertainties or risk factors is complete, important factors that could cause actual results to differ materially from those contemplated by forward-looking statements include the following, without limitation, as well as the risks and uncertainties more fully discussed under Part I, Item 1A-Risk Factors in our Annual Report on Form 10-K for the year ended December 31, 2021 and in Truist's subsequent filings with the Securities and Exchange Commission:
- residual risks and uncertainties relating to the Merger of heritage BB&T and heritage SunTrust, including the ability to realize the anticipated benefits of the Merger;
- expenses relating to the Merger and application and data center decommissioning;
- deposit attrition, client loss or revenue loss following completed mergers or acquisitions may be greater than anticipated;
- the COVID-19 pandemic disrupted the global economy and adversely impacted Truist's financial condition and results of operations, including through increased expenses, reduced fee income and net interest margin, decreased demand for certain types of loans, and increases in the allowance for credit losses; a resurgence of the pandemic, whether due to new variants of the coronavirus or other factors, could reintroduce or prolong these negative impacts and also adversely affect Truist's capital and liquidity position or cost of capital, impair the ability of borrowers to repay outstanding loans, cause an outflow of deposits, and impair goodwill or other assets;
- Truist is subject to credit risk by lending or committing to lend money, and may have more credit risk and higher credit losses to the extent that loans are concentrated by loan type, industry segment, borrower type or location of the borrower or collateral;
- changes in the interest rate environment, including the replacement of LIBOR as an interest rate benchmark, which could adversely affect Truist's revenue and expenses, the value of assets and obligations, and the availability and cost of capital, cash flows, and liquidity;
- inability to access short-term funding or liquidity, loss of client deposits or changes in Truist's credit ratings, which could increase the cost of funding or limit access to capital markets;
- risk management oversight functions may not identify or address risks adequately, and management may not be able to effectively manage credit risk;
- risks resulting from the extensive use of models in Truist's business, which may impact decisions made by management and regulators;
- failure to execute on strategic or operational plans, including the ability to successfully complete or integrate mergers and acquisitions;
- increased competition, including from (i) new or existing competitors that could have greater financial resources or be subject to different regulatory standards, and (ii) products and services offered by non-bank financial technology companies, may reduce Truist's client base, cause Truist to lower prices for its products and services in order to maintain market share or otherwise adversely impact Truist's businesses or results of operations;
- failure to maintain or enhance Truist's competitive position with respect to new products, services and technology, whether it fails to anticipate client expectations or because its technological developments fail to perform as desired or do not achieve market acceptance or regulatory approval or for other reasons, may cause Truist to lose market share or incur additional expense;
- negative public opinion, which could damage Truist's reputation;
- increased scrutiny regarding Truist's consumer sales practices, training practices, incentive compensation design, and governance;
- regulatory matters, litigation or other legal actions, which may result in, among other things, costs, fines, penalties, restrictions on Truist's business activities, reputational harm, negative publicity, or other adverse consequences;
- evolving legislative, accounting and regulatory standards, including with respect to climate, capital, and liquidity requirements, and results of regulatory examinations may adversely affect Truist's financial condition and results of operations;
- the monetary and fiscal policies of the federal government and its agencies, including in response to rising inflation, could have a material adverse effect on profitability;
- accounting policies and processes require management to make estimates about matters that are uncertain, including the potential write down to goodwill if there is an elongated period of decline in market value for Truist's stock and adverse economic conditions are sustained over a period of time;
- general economic or business conditions, either globally, nationally or regionally, may be less favorable than expected, and instability in global geopolitical matters or volatility in financial markets could result in, among other things, slower deposit or asset growth, a deterioration in credit quality, or a reduced demand for credit, insurance, or other services;
- risks related to originating and selling mortgages, including repurchase and indemnity demands from purchasers related to representations and warranties on loans sold, which could result in an increase in the amount of losses for loan repurchases;
- risks relating to Truist's role as a loan servicer, including an increase in the scope or costs of the services Truist is required to perform, without any corresponding increase in servicing fees or a breach of Truist's obligations as servicer;
- Truist's success depends on hiring and retaining key teammates, and if these individuals leave or change roles without effective replacements, Truist's operations and integration activities could be adversely impacted, which could be exacerbated in the increased work-from-home environment caused by the COVID-19 pandemic as job markets may be less constrained by physical geography;
- fraud or misconduct by internal or external parties, which Truist may not be able to prevent, detect, or mitigate;
- security risks, including denial of service attacks, hacking, social engineering attacks targeting Truist's teammates and clients, malware intrusion, data corruption attempts, system breaches, cyber-attacks, which have increased in frequency with current geopolitical tensions, identity theft, ransomware attacks, and physical security risks, such as natural disasters, environmental conditions, and intentional acts of destruction, could result in the disclosure of confidential information, adversely affect Truist's business or reputation or create significant legal or financial exposure; and
- widespread outages of operational, communication, or other systems, whether internal or provided by third parties, natural or other disasters (including acts of terrorism and pandemics), and the effects of climate change, including physical risks, such as more frequent and intense weather events, and risks related to the transition to a lower carbon economy, such as regulatory or technological changes or shifts in market dynamics or consumer preferences, could have an adverse effect on Truist's financial condition and results of operations, lead to material disruption of Truist's operations or the ability or willingness of clients to access Truist's products and services.
Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date they are made. Except to the extent required by applicable law or regulation, Truist undertakes no obligation to revise or update any forward-looking statements.
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SOURCE Truist Financial Corporation
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https://www.kxii.com/prnewswire/2022/07/19/truist-reports-second-quarter-2022-results/
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2022-07-19 10:40:58
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https://www.kxii.com/prnewswire/2022/07/19/truist-reports-second-quarter-2022-results/
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The natural protein supplement is formulated for optimal healthy hair restoration
MIAMI, Jan. 31, 2023 /PRNewswire/ -- Capillus, one of the leaders in hair regrowth and restoration using laser therapy devices, today announced the launch of Nurish, its first line of hair supplements made from Cynatine HNS, a cosmeceutical ingredient derived from natural proteins found in the body. Representing another step in the journey towards a full head of healthy hair, the Nurish supplement is specially formulated to provide the key building blocks your body needs to grow stronger, healthier hair with clinically-proven ingredients.
"As a premier provider of hair restoration medical devices backed by more than 10 years of market relevance and happy customers, we are very excited to launch a science-backed hair supplement that will help those on their journey to healthier hair growth," said Domingo A. Moreira, chief executive officer of Curallux, LLC, the parent company of Capillus. "As a company we are committed to bringing our customers the best treatment options and technology possible, to help alleviate the stress and embarrassment that many face due to hair loss."
Cynatine HNS, the primary ingredient contained in the Nurish supplement, is a bio-available form of Keratin, the protein that hair and nails are mostly made of. Cynatine HNS is clinically proven to improve hair tensile strength and luster, shine and brightness, as well as assist in growing stronger nails.
In a study by the Scientific World Journal, Cynatine HNS was shown to help boost the delivery of keratine peptides to the body, particularly to the hair and nails. Over the course of the study, participants showed significantly less hair loss and improved hair shininess and brightness.
The use of Nurish supplements in combination with daily treatment of the company's Capillus Cap will improve hair health and strength and promote the growth of new hair for both men and women. Capillus caps help treat hair loss by delivering low-level laser therapy (LLLT) directly to the hair follicles, which is shown to increase cell metabolism yielding thicker hair, and is FDA-cleared for the treatment of androgenetic alopecia.
Nurish by Capillus is available to consumers for purchase through their website as part of a monthly subscription plan. For more information visit www.capillus.com/nurish
About Curallux
Miami-based Curallux is a leading ISO-13485 certified U.S. manufacturer of Capillus® brand photobiomodulating medical devices that are FDA-cleared for the treatment of androgenetic alopecia. Capillus laser therapy is clinically proven with published results. Low-level light therapy (LLLT) was first approved by the Food and Drug Administration in 2007 for the treatment of mild to moderate male pattern hair loss via a laser comb device designed to regrow hair. The emergence of the Capillus laser therapy cap has revolutionized the use of laser therapy for treatment of hair loss by making laser therapy more accessible and easier to use in order to create the most practical application in hair restoration.
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SOURCE Capillus
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https://www.kxii.com/prnewswire/2023/01/31/capillus-launches-science-backed-hair-wellness-supplement-men-women/
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2023-01-31 13:00:53
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https://www.kxii.com/prnewswire/2023/01/31/capillus-launches-science-backed-hair-wellness-supplement-men-women/
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NEW YORK, Oct. 5, 2022 /PRNewswire/ -- essence makeup, a buzzy range of affordable and fun-to-use cosmetics, is thrilled to announce its debut in the gaming space with its first activation on global streaming platform Twitch.
To further expand its digital presence and reach new audiences, essence has joined forces with leading full-service strategic marketing agency Ader and Twitch streamer and creator Emiru to host a namesake cosplay contest that will stream live on the platform on Tuesday, October 25. Designed to foster creativity and community, the contest will feature categories of different cosplays in which fans submit their photos via Reddit and are judged by Emiru and a panel of other top Twitch streamers for a chance to win $30,000 in prizes.
"At its core, essence is fun makeup for fun people, and what's more fun than cosplay?" said Jill Krakowski, Chief Marketing Officer at Cosnova, Inc. "Knowing many of our consumers are in the gaming space, we've been exploring different ways to get involved. Social media has been pivotal in growing essence and as the ultimate social platform for gamers, we feel Twitch offers an opportunity to connect with the gaming community in a way that resonates with the brand."
essence, which is widely known for its viral Lash Princess Mascara, continues to generate significant growth, increased market share, and record-breaking sales performance at key retailers each quarter largely due to its evolving digital strategy. Building on the success essence has seen on platforms such as TikTok and Flip, gaming is a natural next step for the brand, whose audience is primarily Gen Z.
"essence's fun-spirited brand ethos is a great fit for an audience immersed in and connected through play," said Shini Reddy Wark, Chief Growth Officer, Ader. "We're excited to produce this unique and interactive experience that enables a natural and meaningful connection between essence and the gaming community. Gaming is a perfect venue for the individuality and expression that essence provokes."
To attract participants and viewers, Emiru and essence will both be engaging in a series of promotional activities leading up to the event including social posts, livestreams, and short form content.
About essence makeup
essence cosmetics provides user-friendly and affordable makeup options that bring joy to the often serious world of beauty. Beauty doesn't have to cost a lot, and essence proves everyday that excellent quality and innovation is not a question of price. essence's range of color cosmetics are majority manufactured in Europe with ingredients that comply with the strict standards of the European Union Cosmetics Directive and United States FDA. Products are 100% cruelty-free as well as vegan, paraben-free, gluten-free and alcohol-free as often as possible. For further information on essence makeup, visit essencemakeup.com.
About Cosnova Beauty
cosnova Beauty with headquarters in Sulzbach, Germany is a family-owned company founded by Christina Oster-Daum and Javier González in 2002. At the end of the fiscal year 2021, cosnova Beauty had around 650 employees around the world. Meanwhile, its cosmetic brands essence and CATRICE are sold in over 80 countries in Europe, North and South America, the Middle East, Asia, Oceania and Africa. The company's customers include drugstores, food retailers, department stores, perfumeries and fashion chains as well as various online trade partners. In addition, essence and CATRICE are also each represented with their own online stores
About Ader
Ader is a full-service, strategic marketing agency activating publishers and endemic brands in gaming including Amazon, Samsung, Activision Blizzard, Hershey's, Sega, Epic Games, and Warner Bros. Founded in 2015, Ader understands the complexity and opportunity of the evolving industry - the creators, the communities, the platforms - and facilitates intelligent collaboration through Consulting, Campaign, Live, Event, Produced, Experiential and Metaverse solutions, capabilities and services. Ader is a sister company to NRG, an integrated media company, and highest viewed esports organization in the world, with competitive esports teams including SF Shock and NRG Valorant, and O&O media properties Full Squad Gaming. For more information on Ader, visit www.adergaming.com.
View original content to download multimedia:
SOURCE essence makeup
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https://www.wibw.com/prnewswire/2022/10/05/essence-makeup-taps-into-cosplay-community-with-first-twitch-activation/
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2022-10-05 13:32:17
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https://www.wibw.com/prnewswire/2022/10/05/essence-makeup-taps-into-cosplay-community-with-first-twitch-activation/
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(The Hill) – President Biden on Tuesday declared that Ukraine will never be a victory for Russia in a speech from Warsaw in which he marked one year since the start of the war.
“Autocrats only understand one word: no, no. no. No you will not take my country, no you will not take my freedom, no you will not take my future,” Biden said in his remarks. “Ukraine will never be a victory for Russia, never.”
Biden’s speech came a day after he made a surprise visit to Ukraine in which he made a historic stop into the war-torn capital city of Kyiv.
“One year ago, the world was bracing for the fall of Kyiv. Well, I just came from a visit to Kyiv and I can report, Kyiv stands strong. Kyiv stands proud, it stands tall, and most important, it stands free,” Biden said.
One year later since the start of the Kremlin’s invasion, Biden said, “Ukraine is still independent and free.”
“The defense of freedom is not the work of a day or a year, it’s always difficult,” he said. “But Ukraine is steel for the fight ahead and the United States, our allies and partners continue to have Ukraine’s back as it defends itself.”
Biden’s speech at the Royal Castle complex in Warsaw was also where Biden delivered his remarks in March 2022 that marked one month into the invasion.
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https://cw33.com/hill-politics/watch-live-biden-delivers-remarks-from-poland-on-first-anniversary-of-russias-invasion-of-ukraine/
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2023-02-21 19:01:15
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https://cw33.com/hill-politics/watch-live-biden-delivers-remarks-from-poland-on-first-anniversary-of-russias-invasion-of-ukraine/
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Dufault scores 19 as St. Thomas beats North Central 111-63
SAINT PAUL, Minn. — Led by Ryan Dufault’s 19 points, the Saint Thomas Tommies defeated the North Central (MN) Rams 111-63 on Tuesday night. The Tommies improved to 6-3 with the win and the Rams fell to 0-1.
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https://localnews8.com/sports/ap-national-sports/2022/11/29/dufault-scores-19-as-st-thomas-beats-north-central-111-63/
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2022-11-30 08:23:19
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https://localnews8.com/sports/ap-national-sports/2022/11/29/dufault-scores-19-as-st-thomas-beats-north-central-111-63/
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BIRMINGHAM, England (AP) — The British government on Monday dropped plans to cut income tax for top earners, part of a package of unfunded cuts unveiled only days ago that sparked turmoil on financial markets and sent the pound to record lows.
In a dramatic about-face, Treasury chief Kwasi Kwarteng abandoned plans to scrap the top 45% rate of income tax paid on earnings above 150,000 pounds ($167,000) a year.
He and Prime Minister Liz Truss have spent the last 10 days defending the cut in the face of market mayhem and increasing alarm among the governing Conservative Party.
“We get it, and we have listened,” Kwarteng said in a statement. He said “it is clear that the abolition of the 45p tax rate has become a distraction from our overriding mission to tackle the challenges facing our country.”
The pound rose after Kwarteng’s announcement to around $1.12 — about the value it held before the Sept. 23 budget announcements.
The U-turn came after a growing number of Conservative lawmakers, including former ministers with broad influence, turned on the government’s tax plans.
“I can’t support the 45p tax removal when nurses are struggling to pay their bills,” Tory lawmaker Maria Caulfield said.
It also came hours after the Conservatives released advance extracts of a speech Kwarteng is due to give later Monday at the party’s annual conference in the central England city of Birmingham. He had been due to say: “We must stay the course. I am confident our plan is the right one.”
Truss defended the measures Sunday but said she could have “done a better job laying the ground” for the announcements.
She also said the decision to abolish the top tax rate had been taken by Kwarteng alone. On Monday, Truss’ spokesman said the prime minister still had confidence in her embattled Treasury chief.
Truss took office less than a month ago, promising to radically reshape Britain’s economy to end years of sluggish growth. But the government’s announcement of a stimulus package that includes 45 billion pounds ($50 billion) in tax cuts, to be paid for by government borrowing, sent the pound tumbling to a record low against the dollar.
The Bank of England was forced to intervene to prop up the bond market, and fears that the bank will soon hike interest rates caused mortgage lenders to withdraw their cheapest deals, causing turmoil for homebuyers.
The package proved unpopular, even among Conservatives. Reducing taxes for top earners and scrapping a cap on bankers’ bonuses while millions face a cost-of-living crisis driven by soaring energy bills was widely seen as politically toxic.
Truss and Kwarteng insist that their plan will deliver a growing economy and eventually bring in more tax revenue, offsetting the cost of borrowing to fund the current cuts. But they also have signaled that public spending will need to be slashed to keep government debt under control.
Monday’s change of direction lifts some of the political pressure on the government from inside the Conservative Party, but it still faces skepticism from markets and economists and mounting public opposition to the worsening cost-of-living squeeze.
Paul Johnson, director of the Institute for Fiscal Studies think tank, said that unless Kwarteng “also U-turns on some of his other, much larger tax announcements, he will have no option but to consider cuts to public spending: to social security, investment projects or public services.”
Kwarteng has promised to set out a medium-term fiscal plan on Nov. 23, alongside an economic forecast from the independent Office for Budget Responsibility.
Axing the top-earners tax rate would have cost about 2 billion pounds, a small share of the government’s overall tax-cutting plan. Kwarteng said Monday that the government was sticking to its other tax policies, including a cut next year in the basic rate of income tax and a reversal of a corporation tax hike planned by the previous government.
Tony Danker, who heads business group the Confederation of British Industry, said he hoped the government U-turn would bring stability to the markets.
“None of this growth plan will work unless we have stability. Let’s hope this is the beginning of it,” he told broadcaster LBC.
Opposition parties said the government should scrap its whole economic plan.
“UK gov U-turns on top tax rate abolition because it’s a ‘distraction,’” Scottish First Minister Nicola Sturgeon of the Scottish National Party wrote on Twitter. “Morally wrong and hugely costly for millions is a better description. Utter ineptitude.”
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https://cw33.com/business/ap-business/ap-uk-scraps-tax-cut-for-wealthy-that-sparked-market-turmoil/
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2022-10-03 13:47:04
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https://cw33.com/business/ap-business/ap-uk-scraps-tax-cut-for-wealthy-that-sparked-market-turmoil/
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JobsFirstNYC and SkyHive bring skills-mapping technology to enhance job access
and streamline skills-based hiring processes for New York City's workforce
NEW YORK, Oct. 5, 2022 /PRNewswire/ -- The future of work is skills-based, not degree-based. Imagine being able to build reskilling and upskilling plans for an entire neighborhood, one that showcases the skills currency of that community to its residents – and builds upon their unique strengths and abilities – creating direct pathways to higher-wage jobs laying a foundation for long-term economic mobility.
JobsFirstNYC, an organization dedicated to advancing economic mobility for young adults and their communities, today announced a new partnership with SkyHive, pioneers of Quantum Labor Analysis for the rapid reskilling of workers and communities worldwide.
Using real-time labor market intelligence and ethical artificial intelligence to analyze labor markets at the skill level, JobsFirstNYC and SkyHive will collaborate on building skilling and reskilling pathways to better jobs and higher wages. By analyzing and mapping the skills footprint of neighborhoods and matching them to needs across jobs, sectors, and industries, JobsFirstNYC and its partners will leverage SkyHive's technology to tackle the traditional barriers impeding job searching, recruitment, and pathways to career opportunities for those with varying qualifications.
"The COVID-impacted work landscape is evolving rapidly and new industries are emerging every day. For young people to take advantage of these opportunities, we must have an intelligent workforce system that can predict these shifts. This partnership will revolutionize workforce systems and improve the livelihoods of young adults," said Marjorie Parker, President and CEO of JobsFirstNYC, "SkyHive's technology presents an opportunity to proactively create labor market-responsive training solutions and empower jobseekers to see how their skills transfer to jobs in different employment sectors."
Skills mapping in New York City builds on JobsFirstNYC's experience promoting industry-based work solutions such as our Green Economy, Tech, and Healthcare Sector Networks and place-based community solutions through the development of partnerships in communities such as in Brownsville and the South Bronx, New York.
"Traditional hiring and recruitment norms have disenfranchised a lot of people, which is why JobsFirstNYC and SkyHive share a vision to help democratize the skills-based hiring process," said Sean Hinton, Founder and CEO of SkyHive. "We applaud JobsFirstNYC for breaking down barriers so young adults in New York City and surrounding communities can achieve financial security and self-sufficiency in today's labor market. Together, we will reduce the time, cost, and effort required in hiring for all stakeholders, including job seekers, trainers, and recruiters."
East Side House Settlement was a SkyHive early adopter. One participant, Michael Peace, said, "Through SkyHive, I was able to shift my focus while stuck at home to learn new skills that helped move my entrepreneurial efforts forward as well as other career interests." He took courses in Mechanical Ventilation for COVID-19, Classroom Strategies for Inquiry-Based Learning, and Customer-Centric Marketing for Entrepreneurs.
Daniel Diaz, Executive Director at East Side House Settlement said, "SkyHive's automated skills assessment supported our students in identifying comprehensive training and jobs with livable wages to advance their careers, showing the power of tech in bridging the gap between current and needed skills and mapping skills that are transferable to other jobs and sectors for growth and economic mobility."
"Skills mapping has the potential to help workforce leaders redesign programs and skills training in alignment with the dynamic movements of the labor market – in service of creating opportunity, unlocking access to higher-wage, high quality jobs, and connecting people to greater possibilities of career and economic mobility," said Keri Faulhaber, Vice President at JobsFirstNYC.
JobsFirstNYC creates and advances solutions that break down barriers and transform the systems supporting young adults and their communities in pursuit of economic mobility. We build community-driven partnerships, citywide and industry-led employment networks, and policy-solutions, all of which have improved economic mobility for individuals and the communities they live in. The partnerships have reconnected 10,200+ young adults to education and employment and raised and leveraged $30M of public and private investment. Since 2006, JobsFirstNYC has worked with organizations and institutions across New York and developed models that have been replicated and integrated across the workforce system. For more information, visit www.jobsfirstnyc.org.
SkyHive is a Certified B Corporation and software provider of global workforce intelligence technology, optimizing labor market efficiencies in real-time for companies, communities, and national economies. Leading enterprises use SkyHive's cloud-based applications and platforms to power the future of work at its most granular level: skills. SkyHive's Quantum Labor Analysis™ has been recognized by the World Economic Forum, Gartner, and Forbes for leading efforts in ethical AI and its positive impact on labor economies worldwide. For more information, visit www.skyhive.ai.
Contacts
Keri Faulhaber
kfaulhaber@jobsfirstnyc.org
Aidan O'Connor, Prosek Partners
aoconnor@prosek.com
View original content to download multimedia:
SOURCE JobsFirstNYC
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https://www.wibw.com/prnewswire/2022/10/05/jobsfirstnyc-partners-with-workforce-ai-leader-skyhive-revolutionize-skills-based-employment-new-york-city/
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2022-10-05 16:35:25
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https://www.wibw.com/prnewswire/2022/10/05/jobsfirstnyc-partners-with-workforce-ai-leader-skyhive-revolutionize-skills-based-employment-new-york-city/
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WESTMINSTER, Colo. (KDVR) — The iconic black widow spider calls Colorado home, but the record wet weather this summer means residents may be seeing them more around their neighborhoods.
“When you have increases in moisture, you usually have increases in insect populations,” said Sara Stevens, director of animal collections at the Butterfly Pavilion in Westminster. “So they’re most likely thriving more due to the abundance of prey items more so than the weather itself.”
Stevens said black widows are mealworm beetle specialists but also eat any sort of insect. Stevens said this makes them great at pest management.
“Black widows can be really beneficial for helping to mitigate that [pests] around the house,” Stevens said. “Especially because most of the time they’re outside. They’re pretty shy spiders. They really don’t want to come into our homes and interact with us too much. They like to find nice quiet spaces and they’re sort of couch potatoes. They make a really kind of lazy web and they stay in that web. They don’t do a ton of traveling unless they absolutely have to.”
While black widow venom has been known to be fatal, Stevens said there has not been a death from a black widow bite in the U.S. since 1983.
“Usually even the amount of bites within a year are fairly minimal across the entirety of the United States,” Stevens said. “It’s usually less than a couple thousand — and the ones that have complications that would require hospitalization are usually less than 28 a year. So black widows do get this really bad rap.”
Stevens recommends capturing these spiders in containers if they are in an undesirable location in your house and releasing them in a space outside where they can feed and thrive.
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https://cw33.com/news/nexstar-media-wire/colorado-is-warning-residents-about-black-widow-spiders-heres-why/
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2023-07-06 23:21:59
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https://cw33.com/news/nexstar-media-wire/colorado-is-warning-residents-about-black-widow-spiders-heres-why/
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(The Hill) – An endorsement by former President Trump in Missouri’s GOP Senate primary triggered confusion Monday after two candidates with the same first name laid claim to his support, which indicated he would be throwing his backing behind “Eric.”
In a statement sent via his Save America PAC, Trump touted the notion of sending “a MAGA Champion and True Warrior to the U.S. Senate,” in a reference to his “Make American Great Again” slogan.
“We need a person who will not back down to the Radical Left Lunatics who are destroying our Country. I trust the Great People of Missouri, on this one, to make up their own minds, much as they did when they gave me landslide victories in the 2016 and 2020 Elections, and I am therefore proud to announce that ERIC has my Complete and Total Endorsement!” Trump said.
Both former Missouri Gov. Eric Greitens and Missouri Attorney General Eric Schmitt are top contenders in the race, but Trump did not specify which “Eric” he was backing over the other — or if he was supporting both.
The Hill has contacted representatives of Trump for clarification.
Greitens, a loyal supporter of the former president, quickly claimed the endorsement, tweeting: “Honored to have the support of President Trump! We will MAGA!”
Schmitt followed by claiming the endorsement for himself, writing: “It is truly an honor to have President Trump’s endorsement in the Senate race.”
The attorney general said that he is “the only America First candidate in this race,” adding, “I look forward to restoring the America First agenda with you,” a statement apparently aimed at Trump.
“From the beginning, I’ve been the true MAGA Champion fighting against the RINO [Republican in Name Only] establishment backing Schmitt,” Greitens said in a later tweet, emphasizing his belief that Trump had endorsed him.
He continued: “President Trump said it best when he characterized Schmitt’s campaign as ‘great dishonesty in politics.’”
Greitens has come under fire from both Republicans and Democrats after his ex-wife accused him of abusing both her and the couple’s children.
Some of the alleged abuse occurred during Greitens’s tenure as governor, before he resigned due to a sex scandal involving his then-hairdresser.
Both senators of the state have called on Greitens to drop out of the race in the midst of his wife’s allegations, including retiring Republican Sen. Roy Blunt, whom Greitens is running to replace.
A survey conducted last week by Emerson Polling and The Hill found Schmitt in the lead of the GOP candidates in the race with a third of the vote, and Greitens falling behind at 16 percent.
Missouri Rep. Vicky Hartzler outpaced Greitens in the poll but remained 12 percent behind Schmitt.
Hartzler responded to Trump’s endorsement announcement by seemingly jokingly congratulating Eric McElroy, a much lesser-known GOP Senate candidate in Missouri who is also an author and former congressional candidate.
“Congrats to Eric McElroy. He’s having a big night,” said Hartzler, according to a statement shared by her campaign manager on Twitter. Hartzler has been endorsed by Missouri’s other sitting senator, Republican Josh Hawley.
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https://cw33.com/news/nexstar-media-wire/trump-endorsement-of-eric-in-missouri-triggers-confusion/
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2022-08-02 04:16:30
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https://cw33.com/news/nexstar-media-wire/trump-endorsement-of-eric-in-missouri-triggers-confusion/
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With travel showing no signs of slowing, more travelers than ever before are seeking out the deeply immersive experiences, incredible value and convenience of "going guided"
BOSTON, Feb. 28, 2023 /PRNewswire/ -- In response to unprecedented growth and demand for guided group travel, EF Go Ahead Tours (GAT), a premier provider of culturally immersive travel experiences, announces it is opening bookings for all of its tours through 2025 to provide travelers with more options, greater flexibility, and value for both near- and long-term planning. EF Go Ahead will also continue its $99 down, interest-free AutoPay, one of the few interest-free payment plans in today's economy.
With bookings up 75% over the last three months compared to pre-pandemic levels and overall tours at 95% capacity through April of 2023, EF Go Ahead Tours is experiencing extraordinary and unwavering demand for its guided itineraries. This surge is largely driven by travelers' shifting travel styles and a growing preference to hand off planning to an expert, while having the comfort of 24-7 on-the-road support, especially in the wake of recent travel challenges playing out in the media.
"More than ever, people are looking for connection and meaningful experiences and going guided is the future of travel," says Heidi Durflinger, President of EF Go Ahead Tours. "Travelers are realizing when they go guided they can fully immerse themselves in the joy of travel, as experts have perfectly crafted the itinerary and are also available 24/7 to adjust to a dynamic travel landscape. It's incredible to see our new traveler bookings up 280% in January 2023 over January 2022. By opening our 2025 dates two years in advance, we hope to make travel more accessible by providing travelers more time to plan and save."
Google Analytics suggests that today's travelers are flocking to group travel. There has been a 7.5% increase in those searching for "guided travel" over the last year. EF Go Ahead data supports emerging trends:
- A Growing Desire to Experience Europe's Hidden Gems Through a New Lens: It's not just Italy and the UK driving tourism. EF Go Ahead has 55% more travelers going on tours to Spain and Portugal in 2023 than it did in 2022. While touring the main cities is always popular, EF Go Ahead's unique culinary, religious, and adventure itineraries are the big draw for those looking for a new spin on old favorites!
- Adventure That's Accessible But Still Leaves Room for Comfort & Culture: In March 2023, EF Go Ahead will take its first group of travelers to explore the Trans Bhutan Trail, a global landmark that was closed for 60 years! Through deep relationships with Bhutan, EF designed its itinerary to uniquely offer travelers an approachable lens to the trail's adventure and accommodations and dining in comfortable, 3- and 4-star hotels, including luxury tented camps and local restaurants.
- With the Help of an Expert Tour Guide, Any Time is the Right Time to Travel: Certainly there are peak travel months during the summer, but traditional "off season" travel is catching on in popularity provided an expert weighs in on the itinerary. As of December 2022, EF Go Ahead had already sold out 95% of March departures and 90% of April departures with high continued demand, especially for Italy, Spain, Portugal and Japan.
- Going Solo, But Never Alone is Something Only Guided Travel Can Offer: EF Go Ahead continues to see a surge in solo within group travel, with solo bookings in 2023 up more than 200% over last year.
Value Oriented: All Reward, No Risk.
Booking future travel now is a win-win. First, travelers are locking in today's costs for future travel. Secondly, through EF Go Ahead's AutoPay, travelers can experience one of the few interest-free payment plans available in our current economy. With $99 down, travelers can create a travel payment plan that works for them on all 175+ EF Go Ahead Tours' itineraries to all seven continents. Flexible, fee-free options allow changes to dates and destinations up to the final payment date. All EF Go Ahead Tours include a comprehensive approach to travel.
Travelers can visit www.efgoaheadtours.com for more information and to see all available trips. Check out some of the amazing destinations on EF Go Ahead's Instagram and Facebook.
EF Go Ahead Tours leadership is available to media for comment on industry trends, specific itineraries and more via Marcia Gray (mgray@graycreate.com).
About EF Go Ahead Tours
EF Go Ahead Tours offers more than 175 guided trips across all seven continents. Carefully planned with a maximum group size well below the industry average, every trip has the perfect balance of planned sightseeing and free time to explore. EF Go Ahead Tours is a division of EF Education First, the world's largest international education company that was founded in 1965. With a mission of opening the world through education, EF Education First has 612 offices and schools in 50 countries.
View original content:
SOURCE EF Go Ahead Tours
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https://www.wibw.com/prnewswire/2023/02/28/ef-go-ahead-tours-opens-2025-tour-dates-with-interest-free-payment-plans-traveler-demand-going-guided-continues-soar/
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2023-02-28 14:54:42
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https://www.wibw.com/prnewswire/2023/02/28/ef-go-ahead-tours-opens-2025-tour-dates-with-interest-free-payment-plans-traveler-demand-going-guided-continues-soar/
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