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Geneos Wealth Management Inc. lowered its stake in Consolidated Edison, Inc. (NYSE:ED – Get Rating) by 2.7% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 12,885 shares of the utilities provider’s stock after selling 361 shares during the quarter. Geneos Wealth Management Inc.’s holdings in Consolidated Edison were worth $1,099,000 as of its most recent SEC filing.
Other large investors also recently made changes to their positions in the company. DB Fitzpatrick & Co Inc acquired a new stake in shares of Consolidated Edison in the fourth quarter worth about $25,000. CVA Family Office LLC acquired a new position in shares of Consolidated Edison during the 4th quarter worth about $28,000. Paragon Capital Management Ltd acquired a new position in shares of Consolidated Edison during the 4th quarter worth about $30,000. Widmann Financial Services Inc. acquired a new position in shares of Consolidated Edison during the 4th quarter worth about $30,000. Finally, JFS Wealth Advisors LLC acquired a new position in shares of Consolidated Edison during the 3rd quarter worth about $29,000. 65.73% of the stock is owned by institutional investors.
In related news, Director John Mcavoy sold 74,715 shares of the firm’s stock in a transaction that occurred on Tuesday, February 22nd. The stock was sold at an average price of $84.69, for a total transaction of $6,327,613.35. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have purchased a total of 536 shares of company stock valued at $49,448 in the last 90 days. 0.13% of the stock is owned by corporate insiders.
Consolidated Edison stock opened at $92.01 on Tuesday. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.02 and a quick ratio of 0.94. The company has a market capitalization of $32.59 billion, a PE ratio of 23.90, a price-to-earnings-growth ratio of 10.34 and a beta of 0.23. Consolidated Edison, Inc. has a one year low of $71.17 and a one year high of $99.22. The business has a 50 day simple moving average of $92.52 and a 200 day simple moving average of $85.30.
Consolidated Edison (NYSE:ED – Get Rating) last posted its earnings results on Thursday, February 17th. The utilities provider reported $1.00 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.85 by $0.15. The business had revenue of $3.42 billion during the quarter, compared to the consensus estimate of $2.97 billion. Consolidated Edison had a return on equity of 7.63% and a net margin of 9.84%. During the same quarter last year, the company earned $0.75 EPS. Equities analysts anticipate that Consolidated Edison, Inc. will post 4.49 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 15th. Investors of record on Wednesday, May 18th will be given a dividend of $0.79 per share. The ex-dividend date of this dividend is Tuesday, May 17th. This represents a $3.16 annualized dividend and a dividend yield of 3.43%. Consolidated Edison’s dividend payout ratio (DPR) is presently 82.08%.
Consolidated Edison Company Profile (Get Rating)
Consolidated Edison, Inc, through its subsidiaries, engages in the regulated electric, gas, and steam delivery businesses in the United States. It offers electric services to approximately 3.5 million customers in New York City and Westchester County; gas to approximately 1.1 million customers in Manhattan, the Bronx, parts of Queens, and Westchester County; and steam to approximately 1,555 customers in parts of Manhattan.
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Want to see what other hedge funds are holding ED? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Consolidated Edison, Inc. (NYSE:ED – Get Rating).
Receive News & Ratings for Consolidated Edison Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Consolidated Edison and related companies with MarketBeat.com's FREE daily email newsletter. | https://theenterpriseleader.com/2022/05/03/geneos-wealth-management-inc-has-1-10-million-holdings-in-consolidated-edison-inc-nyseed-2.html | 2022-05-03T20:06:03Z | https://theenterpriseleader.com/2022/05/03/geneos-wealth-management-inc-has-1-10-million-holdings-in-consolidated-edison-inc-nyseed-2.html | true | 1 |
Travelodge has just made it easier to plan your ultimate staycation without blowing the budget.
The hotel chain has slashed the price of a staggering one million rooms in over 580 locations.
Whether you're planning a bargain break with your friends or you want to forget the rush to the airport stress for a holiday abroad, this deal is for you.
Here's everything you need to know about Travelodge's £32 room or less deal and how to take advantage of the fantastic savings.
If it zips, it fits 🧳🤐 #packinghabits pic.twitter.com/kEqAsA0WN7
— Travelodge UK (@TravelodgeUK) April 28, 2022
Travelodge has one million rooms for £32 or less
You can access the £32 room deal now on stays between April 26 and June 22 2022 if you book via the Travelodge website.
The offer is subject to some terms and conditions including that all rates are subject to availability at the time of booking.
READ MORE: Tripadvisor reveals best international destinations for Spring - See the top 10
READ MORE: Travelodge ranks the top 10 UK landmarks to visit this Spring - See where
It may also not be available at every hotel, every night and the deal can't be redeemed at Travelodge hotels in Northern Ireland, Ireland and Spain.
You can see the rest of Travelodge's 'summer of savings' on its website including city break deals as well as nightlife offers and countryside escapes.
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Read the rules here | https://www.westerntelegraph.co.uk/news/20111342.travelodge-unveils-one-million-rooms-32-less---book/?ref=rss | 2022-05-03T20:10:06Z | https://www.westerntelegraph.co.uk/news/20111342.travelodge-unveils-one-million-rooms-32-less---book/?ref=rss | false | 3 |
COLLEGE PARK, Md. (AP) — A Maryland man has become mentally competent to stand trial more than two years after he was charged with planning an Islamic State-inspired attack at a shopping and entertainment complex near Washington, D.C., a federal judge ruled Tuesday.
Rondell Henry's attorneys notified the court last Friday that he intends to pursue an insanity defense. Henry, 31, of Germantown, Maryland, was charged in 2019 with attempting to provide material support to a foreign terrorist organization, the Islamic State group.
U.S. District Judge Paula Xinis agreed Tuesday to order a psychiatric examination of Henry to determine whether he was insane around the time of his alleged offenses. The judge also ruled Henry is mentally competent to stand trial, can understand the charges against him and is capable of assisting in his defense.
Xinis had ruled in February 2020 that Henry was not competent to stand trial. She repeatedly extended Henry’s court-ordered hospitalization.
But the judge said a March 31 report on Henry's medical condition found experts had restored his mental competence and that he is “doing much better.” Defense attorney Christian Lassiter, an assistant federal public defender, said he does not dispute that finding.
“In fact, I think it corresponds directly with my own direct observations (of Henry),” Lassiter added.
When Xinis asked Henry how he is feeling, he said, “I'm feeling good.”
“Are you feeling well enough to make decisions for yourself?” the judge asked.
“Yes, I do,” Henry replied.
The judge said Henry appears to be "quite keyed in and healthy, which is good.”
Henry is accused of stealing a U-Haul van in Virginia and parking it at the National Harbor, a popular waterfront destination just outside the nation’s capital. Police arrested him the next morning after they found the van and saw Henry jump over a security fence.
Henry told investigators he planned to carry out an attack like one in which a driver ran over and killed dozens of people in Nice, France, in 2016, authorities said. A federal prosecutor has said Henry intended to kill as many “disbelievers” as possible.
In 2019, a court-appointed forensic psychologist from the Federal Bureau of Prisons found “ample evidence” that Henry was mentally unfit to assist in his defense.
Henry has been detained at a federal medical facility in Butner, North Carolina. He does not have a trial date yet. The judge scheduled a June 27 status hearing for the case.
Prosecutors have said Henry watched Islamic State group propaganda videos of foreign terrorists beheading civilians and fighting overseas. Investigators said they recovered a phone Henry had discarded on a highway in an apparent attempt to conceal evidence, including images of the Islamic State flag, armed Islamic State fighters and the man who carried out the 2016 Pulse nightclub massacre in Orlando, Florida.
Henry is a naturalized U.S. citizen who moved to the country from Trinidad and Tobago more than a decade ago.
The terrorism charge he faces is punishable by a maximum sentence of 20 years in prison. Henry also faces a stolen vehicle charge that carries a maximum of 10 years in prison. | https://www.manisteenews.com/news/article/Man-charged-in-ISIS-inspired-plot-found-mentally-17145108.php | 2022-05-03T20:11:14Z | https://www.manisteenews.com/news/article/Man-charged-in-ISIS-inspired-plot-found-mentally-17145108.php | true | 25 |
Russia’s closely watched dollar payments on two bonds are trickling through to investors after the country dipped into its local holdings of the U.S. currency and sidestepped its first foreign default in a century.
The transfer of the $650 million had got tangled up in the wide-ranging sanctions imposed after the invasion of Ukraine. And despite the 11th-hour escape before a Wednesday deadline to get the funds to creditors, Russia could face bigger hurdles within weeks that scupper future payments.
For now, it appears money is getting through. Three investors said Tuesday their custodian banks had received payments, asking not to be identified discussing private transactions. Major international clearing houses have received and processed payments for the Eurobonds due in 2022 and 2042, according to people familiar with the situation.
The bond controversy kicked off when the payments from U.S. accounts were blocked by the Treasury in early April. Russia tried to pay in rubles, but that was deemed a breach of contract, leading to legal threats from Moscow, warnings from ratings firms and an apparent one-way path to default.
Then, with days remaining before a 30-day grace period expired, Russia unexpectedly tapped its domestic dollar reserves and the money started to flow to waiting investors.
Russia could still get tripped up by the sanctions before the end of this month. That’s because an exemption in U.S. restrictions allowing interest and related payments to holders of Russian bonds runs out on May 25, and the Treasury hasn’t yet decided whether to extend the current broad carve-out.
While a default won’t alter Russia’s standing — the country is already a political and economic pariah across much of the western world — it would be a symbolic moment in the financial battle that’s been playing out since Russia invaded Ukraine.
The U.S., the European Union and others are using the global banking system to cut Russia off from its money and squeeze Vladimir Putin’s resources, and that will feed into the decision about the May 25 deadline.
The U.S. will have to decide whether it’s better to allow payments to continue so Russia drains its dollar cash pile, or let it trip into default and carry that financial stigma for years, if not decades.
“The fact that Russia is attempting to make the payments in U.S. dollars indicates to us that they do want to avoid a default,” Morgan Stanley’s global head of emerging-market sovereign credit strategy Simon Waever wrote in a note late Monday.
The next payments are due on May 27 for bonds maturing in 2026 and 2036, two days after the OFAC exemption is set to expire.
Unlike the bonds in question today, the contractual terms of the 2026 and the 2036 bonds potentially give Russia other options if it cannot pay using usual routes for reasons beyond its control.
For the euro-denominated 2036 bond, that includes using rubles as a last resort. The dollar-denominated 2026 bond also allows for payment in euros, Swiss francs or pound sterling, as well as for interest payments in dollars to accounts outside of New York such as Switzerland, the U.K. or the European Union.
“Russia could therefore argue that paying dollars to the alternative locations is still allowed under the terms of the bond,” wrote Waever.
Amid such uncertainty about the sanctions, any banks involved in moving Russian funds or processing payments will tread carefully, and seek authorization for any action.
“In the end, it will be up to OFAC to decide as banks are likely to preclear any transactions given the potential risks,” Waever said. | https://www.thestar.com/business/2022/05/03/russia-dodges-default-for-now-as-investors-get-dollar-funds.html | 2022-05-03T20:11:32Z | https://www.thestar.com/business/2022/05/03/russia-dodges-default-for-now-as-investors-get-dollar-funds.html | false | 4 |
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LOS ANGELES (AP) — To keep up with the Kardashians for the past two weeks, you would've had to spend a lot of time at a downtown Los Angeles courthouse, where they've been watching and testifying at a trial over a lawsuit brought against them by former reality television star Blac Chyna. In a verdict delivered Monday while defendants Kim Kardashian, Kris Jenner, Khloe Kardashian and Kylie Jenner were all in New York attending the Met Gala, the Kardashians were victorious. Here's a look at the scene, the surroundings and the case that pulled them in.
THE SETTING
The Stanley Mosk civil courthouse is among the most heavily trafficked by celebrities in the world. The famous divorces decided here alone could fill a walk of fame. Kim Kardashian appeared on video in a Mosk courtroom in February to be declared single in her ongoing divorce with Ye, and appeared here in person to finalize her divorce from previous husband Kris Humphries.
In recent years it's been best known as home to the high drama, and colorful protests, surrounding the Britney Spears conservatorship. Keanu Reeves and Don Johnson each sat through most of civil trials they were parties to. Members of Michael Jackson’s family appeared for much of the long wrongful death case against his doctor.
Still, the courthouse has rarely seen such consistent presence from a group of such well-known stars.
THE SCENE
The Kardashian defendants had all been expected to testify in person during the trial. But many in court were surprised, and a little star struck, when all four strode in wearing business suits on the first day of jury selection, which turned into a public forum where dozens of prospective jurors got to vent their mostly negative feelings about the family. (A few proudly proclaimed their fandom.)
The women sat in the front row of the courtroom — there were too many of them to sit at the defendants' table — for most of the trial. Kim Kardashian, who is studying law, often carried a binder and took notes.
Court security escorted the family into the courthouse through an underground parking garage. The women waited nearby in a guarded room until proceedings were about to begin, then deputies shepherded them across the hall into the courtroom. That quick walk still provided memorable moments, as when Kim Kardashian's boyfriend, “Saturday Night Live” star Pete Davidson, greeted her with a kiss after showing up during closing arguments.
Private security guards — sharply dressed men in sportscoats with telltale earpieces — were both in the courtroom and outside it. At the midday break they brought food to the secluded room from places such as Urth Caffe, a popular LA lunch spot.
The Kardashians' treatment is common for high-profile parties with court business, due to, as their attorney told one prospective juror, the “dark side” of fame. Some have had to get restraining orders in this courthouse due to stalkers.
But the prospective juror wasn't entirely satisfied with that explanation, saying, “Does that mean that they need Fiji water hand-delivered to them as they sit in court?”
The courtroom with a capacity of 200 was rarely more than half full during the 11-day trial. About a dozen reporters were in the room throughout. Unlike the Johnny Depp-Amber Heard trial happening simultaneously in Virginia, which was televised and may have stolen some of the thunder of these proceedings, no cameras were allowed. A pair of sketch artists provided the only visuals.
THE SUIT
Chyna's lawsuit was filed in 2017 in the aftermath of her engagement to Rob Kardashian. She originally alleged that six women from the Kardashian family had defamed her by falsely spreading word that she had physically abused him, and interfered with her contract by convincing the E! network to cancel their “Keeping Up With the Kardashians” spinoff, “Rob & Chyna." She sought as much as $108 million.
It was the sort of inter-celebrity suit that that is usually dismissed or settled long before it gets to trial. But this one improbably survived for five years. Two defendants, Kourtney Kardashian and Kendall Jenner, were dropped during that time.
THE STORIES
Kris Jenner's two days on the stand provided drama when she testified that she feared Chyna was going to “murder” her son Rob in December of 2016. She teared up when she described being already vulnerable because Kim Kardashian had been tied up in Paris by armed robbers who stole $10 million in jewelry just a few months earlier.
Rob Kardashian, who appeared only to testify, also had a dramatic and emotional stint on the stand, in which he said that Chyna twice held a gun to his head and beat him with a metal rod.
Chyna testified that she was never violent against him, saying she had grabbed his gun playfully, and was joking around when she put a phone cord around his neck. She conceded that she had damaged a television and a gingerbread house in her anger.
Kardashian lawyer Michael G. Rhodes seized on this in his closing argument. “Who does that? A gingerbread house?” he said. “It’s the happiest thing you can put in a house.” Davidson, in the back of the courtroom, had to stifle a laugh.
Kim Kardashian, Khloe Kardashian and Kylie Jenner were each on the stand only briefly, and their testimony was not especially eventful. The judge dismissed Kim Kardashian as a defendant in the defamation part of the case when he decided no violating statement had been identified.
The jury apparently did not find any of the Kardashians' stories terribly convincing. They found on the verdict form that they had often acted in bad faith, and were not justified in what they told executives, but found that their statements hadn't affected Chyna's TV career or the fate of her show.
THE SAGA
The legal fight is far from over. Chyna's lawyer says they will appeal the verdict. And a set of separate allegations against only Rob Kardashian will be heard at another trial in about a week.
___
Follow AP Entertainment Writer Andrew Dalton on Twitter: https://twitter.com/andyjamesdalton | https://www.ctinsider.com/entertainment/article/Key-moments-in-Blac-Chyna-s-trial-against-17144808.php | 2022-05-03T20:11:33Z | https://www.ctinsider.com/entertainment/article/Key-moments-in-Blac-Chyna-s-trial-against-17144808.php | false | 51 |
WASHINGTON — U. S. employers posted a record 11.5 million job openings in March and the United States now has an unprecedented two job openings for every person who is unemployed.
The latest data released Tuesday by the further reveals and extraordinarily tight labour market that has emboldened millions of Americans to seek better paying jobs, while also contributing to the biggest inflation surge in four decades.
A record 4.5 million Americans quit their jobs in March — a sign that they are confident they can find better pay or improved working conditions elsewhere.
Layoffs, which has been running around 1.8 million a month before the pandemic hit the economy in early 2020, rose to 1.4 million in March from 1.35 million in February, the U.S. Bureau of Labor Statistics reported Tuesday.
The U.S. job market is on a hot streak. Employers have added an average of more than 540,000 jobs a month for the past year. The Labor Department is expected to report Friday that the economy generated another 400,000 new jobs in April, according to a survey by the data firm FactSet. That would mark an unprecedented 12th straight month that hiring has come in at 400,000 or more.
The U.S. economy and job market roared back with unexpected strength from 2020s brief but devastating coronavirus recession, fuelled by massive government spending and super-low interested rates engineered by the Federal Reserve.
Caught off guard by the sudden rebound in consumer demand, companies scrambled to hire workers and stock their shelves. They were forced to raise wages, and factories, ports and freight yards were overwhelmed with traffic. The result has been shipping delays and higher prices.
In March, consumer prices rose 8.5 per cent from a year earlier, the hottest inflation since 1981.
Where things go from here is uncertain. The Fed is raising short-term interest rates to combat inflation. The COVID-19 stimulus from the federal government is gone. And the war in Ukraine has clouded the economic outlook.
Despite strong hiring, the United States is still 1.6 million short of the jobs it had in February 2020, just before the coronavirus hit the economy; and that shortfall does not take into account the additional jobs that should have been added by a growing population.
For now anyway, the job market looks strong.
“Employees have strong job security and confidence in their ability to find new work,” said Nick Bunker, director of economic research at the Indeed Hiring Lab. “The labour market is still very much a jobseeker’s market. Something dramatic will have to happen for this to change anytime soon.” | https://www.thestar.com/business/2022/05/03/us-employers-post-record-115-million-job-openings-in-march.html | 2022-05-03T20:11:44Z | https://www.thestar.com/business/2022/05/03/us-employers-post-record-115-million-job-openings-in-march.html | false | 30 |
Howie Mandel went 'insane' due to COVID-19 quarantine
Howie Mandel went "insane" when he had to quarantine after contracting COVID-19. The 'America's Got Talent' judge - who has spoken openly about his struggles with obsessive-compulsive disorder and anxiety - admitted the "mental pain" of being isolated away from his loved ones was far worse than the physical symptoms after...
www.inforney.com | https://www.newsbreak.com/news/2587175090961/howie-mandel-went-insane-due-to-covid-19-quarantine | 2022-05-03T20:17:37Z | https://www.newsbreak.com/news/2587175090961/howie-mandel-went-insane-due-to-covid-19-quarantine | true | null |
Heartland Advisors Inc. boosted its position in shares of Dril-Quip, Inc. (NYSE:DRQ – Get Rating) by 15.2% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 383,582 shares of the oil and gas company’s stock after buying an additional 50,648 shares during the quarter. Heartland Advisors Inc. owned 1.08% of Dril-Quip worth $7,549,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds have also recently bought and sold shares of the business. Kayne Anderson Rudnick Investment Management LLC boosted its position in shares of Dril-Quip by 3.2% during the third quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,213,786 shares of the oil and gas company’s stock valued at $106,104,000 after buying an additional 130,796 shares during the period. William Blair Investment Management LLC increased its position in shares of Dril-Quip by 52,113.3% during the third quarter. William Blair Investment Management LLC now owns 1,036,434 shares of the oil and gas company’s stock worth $26,097,000 after acquiring an additional 1,034,449 shares during the period. Gamco Investors INC. ET AL raised its stake in shares of Dril-Quip by 12.0% during the third quarter. Gamco Investors INC. ET AL now owns 604,260 shares of the oil and gas company’s stock valued at $15,215,000 after acquiring an additional 64,518 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of Dril-Quip by 1.1% in the third quarter. Geode Capital Management LLC now owns 589,708 shares of the oil and gas company’s stock valued at $14,848,000 after purchasing an additional 6,232 shares during the period. Finally, Bank of New York Mellon Corp increased its holdings in Dril-Quip by 3.6% during the 3rd quarter. Bank of New York Mellon Corp now owns 429,718 shares of the oil and gas company’s stock worth $10,819,000 after purchasing an additional 14,869 shares during the period. Institutional investors and hedge funds own 99.64% of the company’s stock.
Several brokerages have recently commented on DRQ. StockNews.com assumed coverage on Dril-Quip in a research note on Thursday, March 31st. They set a “hold” rating on the stock. Tudor Pickering cut shares of Dril-Quip from a “buy” rating to a “hold” rating and lowered their price target for the stock from $38.00 to $35.00 in a research report on Monday, March 14th. Finally, Tudor, Pickering, Holt & Co. downgraded shares of Dril-Quip from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $38.00 to $35.00 in a research note on Monday, March 14th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the company. According to MarketBeat, Dril-Quip currently has an average rating of “Hold” and an average target price of $30.71.
DRQ traded down $0.44 during trading on Tuesday, hitting $29.95. The stock had a trading volume of 9,219 shares, compared to its average volume of 266,211. The stock has a 50 day simple moving average of $34.15 and a two-hundred day simple moving average of $26.60. Dril-Quip, Inc. has a twelve month low of $18.17 and a twelve month high of $41.23. The company has a market capitalization of $1.04 billion, a PE ratio of -10.48 and a beta of 1.19.
Dril-Quip (NYSE:DRQ – Get Rating) last posted its quarterly earnings data on Thursday, April 28th. The oil and gas company reported ($0.29) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.17) by ($0.12). Dril-Quip had a negative return on equity of 6.14% and a negative net margin of 31.58%. The business had revenue of $83.14 million during the quarter, compared to analyst estimates of $85.36 million. During the same period in the previous year, the business earned ($0.47) EPS. The firm’s revenue for the quarter was up 2.3% compared to the same quarter last year. On average, sell-side analysts anticipate that Dril-Quip, Inc. will post -0.42 EPS for the current fiscal year.
Dril-Quip announced that its Board of Directors has approved a share repurchase program on Wednesday, February 23rd that permits the company to buyback $100.00 million in outstanding shares. This buyback authorization permits the oil and gas company to reacquire up to 11.2% of its shares through open market purchases. Shares buyback programs are generally a sign that the company’s board of directors believes its shares are undervalued.
Dril-Quip Profile (Get Rating)
Dril-Quip, Inc, together with its subsidiaries, designs, manufactures, sells, and services engineered drilling and production equipment for use in deepwater, harsh environment, and severe service applications worldwide. The company's principal products include subsea and surface wellheads, subsea and surface production trees, mudline hanger systems, specialty connectors and associated pipes, drilling and production riser systems, liner hangers, wellhead connectors, diverters, and safety valves, as well as downhole tools.
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Want to see what other hedge funds are holding DRQ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Dril-Quip, Inc. (NYSE:DRQ – Get Rating).
Receive News & Ratings for Dril-Quip Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dril-Quip and related companies with MarketBeat.com's FREE daily email newsletter. | https://www.wkrb13.com/2022/05/03/heartland-advisors-inc-grows-stock-position-in-dril-quip-inc-nysedrq.html | 2022-05-03T20:17:42Z | https://www.wkrb13.com/2022/05/03/heartland-advisors-inc-grows-stock-position-in-dril-quip-inc-nysedrq.html | false | 1 |
Tyre Sampson appeared to fall out of Florida ride halfway in plunge
Published: May. 3, 2022 at 2:45 PM CDT|Updated: 31 minutes ago
ORLANDO, Fla. (AP) — A 14-year-old Missouri boy who fell to his death from a 430-foot drop-tower ride in central Florida’s tourist district appeared to slip out of his seat at the halfway mark of its plunge to the ground.
That’s according to a law enforcement report released Tuesday through a public records request. The incident report says the father of a friend of Tyre Sampson who witnessed the March 24 accident told deputies that the teen appeared to fall out of his seat when plunging passengers on the Free Fall ride passed a point that was halfway down the tower.
Last week, Sampson’s parents sued the ride’s owner, manufacturer and landlord, saying they were negligent. | https://www.kfvs12.com/2022/05/03/tyre-sampson-appeared-fall-out-florida-ride-halfway-plunge/ | 2022-05-03T20:17:46Z | https://www.kfvs12.com/2022/05/03/tyre-sampson-appeared-fall-out-florida-ride-halfway-plunge/ | true | null |
On Apr. 28, the Recording Academy®‘s Black Music Collective, in partnership with GRAMMY U®, hosted its first stop on the HBCU Love Tour at the Howard Theater in Washington, D.C.
Led by the Recording Academy Board of Trustees, including Chair Tammy Hurt, Vice Chair and Black Music Collective Chair Rico Love and Chief Executive Officer Harvey Mason Jr., the HBCU Love Tour educates prospective music industry professionals at historically black colleges and universities on career paths and opportunities within the music industry. Through this initiative, the Academy aims to expand its academic footprint, inspire students to pursue a career in music, and bolster Black representation at GRAMMY U and within Academy membership.
The evening kicked off with a performance by Howard University Student Precious Jewel, the winner of the HBCU Love Talent Contest hosted by Kokayi and Little Bacon Bear on Apr. 16. Precious Jewel also received a cash prize presented by the Mason Jr., Hurt, and Love during the program.
The Recording Academy’s Vice President of Diversity, Equity and Inclusion Ryan Butler welcomed attendees and introduced the program and Recording Academy Co-President Valeisha Butterfield Jones, who spoke about the HBCU Love Tour’s mission and impact on the music industry. The driving force behind the program, Rico Love, kept the evening moving with the first panel featuring five-time GRAMMY® winners Jimmy Jam and Terry Lewis where they discussed the GRAMMYs process, their experience as a GRAMMY-nominated duo and five-time GRAMMY winners, plus the benefits of Recording Academy membership and how they’ve stayed involved throughout the years.
Before moving on to the final panel of the night, GRAMMY U Director Jessie Allen informed the student audience about how the Academy strives to empower the next generation of music creators through the program, and how they can get involved on their campus.
The educational and eventful evening concluded with Love, GRAMMY-nominated artist Cordae, GRAMMY-nominated artist Raheem Devaughn and Kacey Williams of the musical group Black Alley, discussing how they built their careers, what the GRAMMYs mean to them, and their experiences in the music business.
Love’s closing remarks wrapped up the night.
“I am so proud to have helped bring the HBCU Love Tour to life with its first stop at Howard University,” said Love.
“As an Academy, it’s crucial that we continue to inspire the next generation of music creators and foster a relationship with these students. We hope to not only introduce who we are as an organization, but inspire young creators to be the change as future members to create meaningful impact within the music industry.”
“The partnership between the Black Music Collective and GRAMMY U emulates what the Academy strives to do every day – lift our diverse community of music creators and empower the future leaders that will soon make up our industry,” said Butler.
“We hope the opportunities, industry insights and advice provided through this program inspire students to seek a career in music. As a Howard University alum, I’m thrilled we were able to kick off the tour in D.C. and connect with the HU students who aspire to have a career in music.”
Additional HBCU Love Tour dates, including a stop in Atlanta in October, are to follow. For more information on the Black Music Collective, visit here. For more information on GRAMMY U, visit here. | https://www.blackenterprise.com/recording-academy-kicks-off-first-stop-of-inaugural-hbcu-love-tour-at-howard-university/ | 2022-05-03T20:19:11Z | https://www.blackenterprise.com/recording-academy-kicks-off-first-stop-of-inaugural-hbcu-love-tour-at-howard-university/ | true | 1 |
Keebeck Alpha LP acquired a new stake in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH – Get Rating) in the 4th quarter, HoldingsChannel reports. The institutional investor acquired 14,979 shares of the company’s stock, valued at approximately $311,000.
A number of other institutional investors and hedge funds have also modified their holdings of the business. Geneos Wealth Management Inc. raised its position in Norwegian Cruise Line by 64.5% in the 4th quarter. Geneos Wealth Management Inc. now owns 20,029 shares of the company’s stock valued at $415,000 after purchasing an additional 7,854 shares during the last quarter. Congress Park Capital LLC bought a new stake in shares of Norwegian Cruise Line during the fourth quarter worth $280,000. Primoris Wealth Advisors LLC bought a new stake in shares of Norwegian Cruise Line during the fourth quarter worth $240,000. Retirement Planning Co of New England Inc. bought a new stake in shares of Norwegian Cruise Line during the fourth quarter worth $57,000. Finally, Steward Partners Investment Advisory LLC raised its position in shares of Norwegian Cruise Line by 4,167.7% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 104,559 shares of the company’s stock worth $2,171,000 after acquiring an additional 102,109 shares during the last quarter. Hedge funds and other institutional investors own 56.13% of the company’s stock.
NCLH has been the subject of a number of analyst reports. Macquarie decreased their price objective on Norwegian Cruise Line from $30.00 to $23.00 and set an “outperform” rating for the company in a research note on Friday, March 4th. Citigroup lifted their price objective on Norwegian Cruise Line from $22.00 to $24.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 19th. Wells Fargo & Company initiated coverage on Norwegian Cruise Line in a research note on Tuesday, March 29th. They set an “overweight” rating and a $27.00 price objective for the company. Deutsche Bank Aktiengesellschaft decreased their target price on Norwegian Cruise Line from $28.00 to $25.00 and set a “hold” rating for the company in a research note on Friday, February 25th. Finally, Truist Financial decreased their target price on Norwegian Cruise Line from $26.00 to $20.00 and set a “hold” rating for the company in a research note on Thursday, March 17th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, Norwegian Cruise Line has an average rating of “Hold” and a consensus target price of $28.67.
Norwegian Cruise Line (NYSE:NCLH – Get Rating) last released its earnings results on Thursday, February 24th. The company reported ($1.95) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.69) by ($0.26). Norwegian Cruise Line had a negative return on equity of 87.97% and a negative net margin of 695.48%. The company had revenue of $487.40 million for the quarter, compared to the consensus estimate of $596.21 million. During the same quarter in the previous year, the company posted ($2.33) EPS. The business’s revenue was up 4977.1% on a year-over-year basis. As a group, sell-side analysts expect that Norwegian Cruise Line Holdings Ltd. will post -2.08 earnings per share for the current fiscal year.
Norwegian Cruise Line Profile (Get Rating)
Norwegian Cruise Line Holdings Ltd., together with its subsidiaries, operates as a cruise company in North America, Europe, the Asia-Pacific, and internationally. The company operates the Norwegian Cruise Line, Oceania Cruises, and Regent Seven Seas Cruises brands. It offers itineraries ranging from three days to a 180-days calling on various locations, including destinations in Scandinavia, Russia, the Mediterranean, the Greek Isles, Alaska, Canada and New England, Hawaii, Asia, Tahiti and the South Pacific, Australia and New Zealand, Africa, India, South America, the Panama Canal, and the Caribbean.
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Want to see what other hedge funds are holding NCLH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH – Get Rating).
Receive News & Ratings for Norwegian Cruise Line Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Norwegian Cruise Line and related companies with MarketBeat.com's FREE daily email newsletter. | https://www.wkrb13.com/2022/05/03/keebeck-alpha-lp-acquires-shares-of-14979-norwegian-cruise-line-holdings-ltd-nysenclh.html | 2022-05-03T20:19:58Z | https://www.wkrb13.com/2022/05/03/keebeck-alpha-lp-acquires-shares-of-14979-norwegian-cruise-line-holdings-ltd-nysenclh.html | false | 1 |
Shares of Labrador Iron Ore Royalty Co. (TSE:LIF – Get Rating) have received a consensus recommendation of “Hold” from the six analysts that are presently covering the company, MarketBeat Ratings reports. Four analysts have rated the stock with a hold recommendation. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is C$42.40.
Several research analysts have recently issued reports on LIF shares. Eight Capital downgraded Labrador Iron Ore Royalty from a “buy” rating to a “neutral” rating in a research note on Thursday, April 21st. Raymond James cut their target price on shares of Labrador Iron Ore Royalty from C$43.50 to C$42.00 and set a “market perform” rating for the company in a research note on Thursday, April 28th. TD Securities boosted their target price on shares of Labrador Iron Ore Royalty from C$40.00 to C$45.00 and gave the company a “hold” rating in a research note on Friday, March 25th. Scotiabank lowered their price target on Labrador Iron Ore Royalty from C$50.00 to C$48.00 in a report on Wednesday, April 13th. Finally, BMO Capital Markets lowered their price target on Labrador Iron Ore Royalty from C$38.00 to C$36.00 in a report on Wednesday, January 19th.
Shares of TSE:LIF traded down C$0.17 during midday trading on Tuesday, hitting C$34.53. 67,464 shares of the stock were exchanged, compared to its average volume of 362,959. The stock has a market cap of C$2.21 billion and a P/E ratio of 5.87. Labrador Iron Ore Royalty has a twelve month low of C$33.33 and a twelve month high of C$51.00. The company has a 50 day moving average price of C$41.76 and a 200-day moving average price of C$39.35.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 26th. Shareholders of record on Thursday, March 31st were issued a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 5.79%. The ex-dividend date of this dividend was Wednesday, March 30th. Labrador Iron Ore Royalty’s dividend payout ratio (DPR) is 101.11%.
Labrador Iron Ore Royalty Company Profile (Get Rating)
Labrador Iron Ore Royalty Corporation, through its subsidiary, Hollinger-Hanna Limited, holds a 15.10% equity interest in Iron Ore Company of Canada (IOC) that produces and processes iron ores at Labrador City, Newfoundland and Labrador. The company's primary products include standard and low silica acid, flux, direct reduction pellets, and iron ore concentrate, as well as seaborne iron ore pellets.
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The federal government announced Tuesday it is taking unprecedented, emergency steps to help boost water levels at Lake Powell.
The measures are intended to buy the surrounding communities more time to plan for the very real possibility the reservoir, the country's second-largest, will soon run out of water and the ability to produce hydropower amid the West's climate change-driven megadrought.
The first step is releasing more water from upstream on the Colorado River this year. The second is water will be held back in Lake Powell itself, instead of being sent to downstream states.
The US Bureau of Reclamation expects the dual actions will boost Lake Powell by nearly 1 million acre-feet of water. The reservoir contained about 5.8 million acre-feet of water as of Tuesday, according to the bureau, though its full capacity is around 25 million acre-feet.
Without the emergency steps, the bureau estimated there was about a 25% chance the Glen Canyon Dam could have stopped producing hydropower by January. The dam generates power for as many as 5.8 million homes and businesses in seven states.
The agency said in a statement Tuesday's decision was intended to protect "hydropower generation, the facility's key infrastructure, and the water supply for the city of Page, Arizona, and the LeChee Chapter of the Navajo Nation."
The emergency actions will buy the federal government 12 months as it considers longer-term measures.
"We have never taken this step before, but the potential risk on the horizon demands prompt action," Assistant Secretary of Water and Science, Tanya Trujillo told reporters. "We need to work together to stabilize the reservoir before we face a larger crisis."
Lake Powell has dropped around 100 feet in the last three years as the West has been besieged by drought. As the water level has fallen, Glen Canyon Dam has lost about 16% of its capacity to generate power.
Bryan Hill, general manager of the public power utility in Page, Arizona, likened the situation to judgment day.
"We're knocking on the door of judgment day," Hill previously told CNN. "Judgment day being when we don't have any water to give anybody."
The decisions made for Lake Powell also affect its downstream neighbor, Lake Mead, which is the largest reservoir in the country.
Water cuts for those who rely on Lake Mead began in January, and Tuesday's decision could lead to further restrictions.
Lake Mead's water level is now low enough to expose one of the reservoir's original, 1971 water intake valves for the first time. The valve can no longer draw water, according to the Southern Nevada Water Authority, the agency responsible for managing water resources for 2.2 million people in southern Nevada, including Las Vegas.
Officials over the weekend made another disturbing discovery brought on by Lake Mead's plummeting water level: a body in a barrel police say is a likely homicide victim from the 1980s.
"The lake has drained dramatically over the last 15 years," said Las Vegas Metropolitan Police Homicide Lieutenant Ray Spencer. "It's likely that we will find additional bodies that have been dumped in Lake Mead" as the water level drops more.
The-CNN-Wire
™ & © 2022 Cable News Network, Inc., a WarnerMedia Company. All rights reserved. | https://www.gwinnettdailypost.com/news/lake-powell-officials-take-unprecedented-emergency-steps-to-delay-water-releases-as-level-plummets/article_6429dedf-31de-5661-a291-caba2af5b670.html | 2022-05-03T20:22:09Z | https://www.gwinnettdailypost.com/news/lake-powell-officials-take-unprecedented-emergency-steps-to-delay-water-releases-as-level-plummets/article_6429dedf-31de-5661-a291-caba2af5b670.html | true | 11 |
Feds: 2 Wayne County employees embezzled $1.7 million meant for roads
Two longtime Wayne County Roads Division employees embezzled more than $1.7 million from a public pot of money that was supposed to help repair local roads and bridges, but instead went into their pockets through a phony invoice scheme, according to criminal charges unsealed Tuesday.
Authorities allege the pair used stolen tax dollars to buy 596 generators and other power equipment, including lawnmowers, chainsaws, and a backpack blower, and then sold them on the Internet for profit.
Kevin Gunn, 64, of West Bloomfield, and John Gibson were arrested on Tuesday and charged with federal program fraud, wire fraud and money laundering for their alleged roles in a scheme that authorities say lasted for almost two years.
The charges come two years after a Free Press investigation documented fraud and looked into Wayne County's struggles to inspect bridges, and detailed how the accuracy of dozens of inspection reports was called into question after a state review found bridge conditions did not always match inspection reports.
More: Michigan’s bridges are bad — and a fix could take nearly a century
Gunn manages the Bridge Unit of the Wayne County Roads Division and has worked for the county for 34 years. Gibson is a foreman within the Bridge Unit and has worked for the county for 20 years.
Authorities said the men first landed on the radar of the Wayne County Sheriff’s Department, which began the investigation and over time asked the FBI to step in and help.
What evolved was a broad-sweeping probe that looked into the actions of Gunn, Gibson, other county road employees and vendors who did business with the county.
“Today’s arrests reinforce our dedication to prosecuting corrupt public officials who elevate their own greed over the best interests of the public who rely on the safe administration and maintenance of public infrastructures like roads," U.S. Attorney Dawn Ison said in a statement Tuesday.
According to the Department of Justice, it was the Wayne County Prosecutor’s Office that cracked the case after securing a search warrant early on, which led to the uncovering of an embezzlement scheme that ran from January 2019 to August 2021.
According to the criminal complaint, here is how the scheme ran:
Gunn would approve vendors to buy generators and other power equipment from local retailers on behalf of Wayne County. The vendors would then submit invoices for these items to the county — this is where the fraud occurred.
Gunn had instructed the vendors to falsify the invoices they submitted to the Roads Division, and list the items that they were authorized to sell to the county, rather than the generators and power equipment they were actually buying at Gunn’s request. Roads Division employees would then approve and pay each vendor’s invoice.
After the purchases were verified and approved by the Road Division, Gibson and Gunn, sold the equipment over the internet and social media for personal profit.
If convicted, Gibson and Gunn face up to 20 years in prison on the money laundering and wire fraud charges, and up to $500,000 in fines.
Federal program theft carries a maximum sentence of 10 years, and a $250,000 fine.
Attorneys for Gibson and Gunn were not readily available for comment.
“The Wayne County Prosecutor’s Office has never and will never shy away from prosecuting corruption in any form," Wayne County Prosecutor Kym Worthy said in a statement.
Wayne County Executive Warren Evans added: “I take public corruption very seriously It is unfortunate that a few individuals put their personal gain ahead of the work the county has done over the last seven years to stabilize our fiscal outlook, continue improvements to our infrastructure and provide services to our residents throughout a global pandemic. These individuals have undoubtedly put a stain on the fabric of our system."
Wayne County Sheriff Raphael Washington called the alleged actions of the defendants "disgraceful."
“To brazenly steal from hardworking taxpayers and fraudulently line their own pockets while holding positions of public trust make these crimes all the more deplorable," Washington said.
Tresa Baldas:tbalds@freepress.com
This article originally appeared on Detroit Free Press: Feds: 2 Wayne County employees embezzled $1.7M in road funds | https://news.yahoo.com/feds-2-wayne-county-employees-183243826.html | 2022-05-03T20:25:15Z | https://news.yahoo.com/feds-2-wayne-county-employees-183243826.html | true | 2 |
Heat’s PJ Tucker makes huge impact in Game 1 win over 76ers
MIAMI (AP) — There’s nobody on the Miami Heat roster that knows Philadelphia guard James Harden better than P.J. Tucker.
They got further acquainted in Game 1 of the Eastern Conference semifinals.
Tucker set the tone of the night for Miami by playing full-court defense against his former Houston teammate, then kept doing more and more dirty work in his 28 minutes. His final numbers — 10 points and seven rebounds — didn’t come remotely close to completely measuring the impact he made in a 106-92 win for the Heat over the 76ers on Monday night.
“It’s what I do,” said Tucker, a big part of Milwaukee’s run to an NBA title last season and now someone trying to win another ring with Miami. “Just trying to change the game, affect the game without scoring, figuring out a way to win the game. That’s it.”
Sounds simple. It isn’t.
Tucker was the ringleader of a defensive corps that held Harden to a 5-for-13 shooting night from the field, 1 for 4 in the second half, hardly the numbers that Philadelphia probably needs him to have while the injured MVP finalist and league scoring champion Joel Embiid is sidelined. Harden finished with 16 points, four after halftime.
“It’s not about James,” 76ers coach Doc Rivers said. “It’s about all of them. We’re a team and we just have to play as a team. James can score more. We’ve got to get him in better spots. … It’s not just one guy who’s going to take up the slack from Joel.”
Harden acknowledged after Game 1 that he can be more aggressive.
What he didn’t say was that Tucker made that task seem quite difficult Monday night.
“P.J. is P.J. P.J. is P.J.,” Harden said. “Plays hard, but it’s not something that I’m worried about.”
Tucker didn’t limit his moments of impact to when he was defending Harden, a three-time scoring champion and former MVP. He had a sequence in the third quarter that seemed to be a springboard to the Heat changing the game.
He got into the lane for a basket that put Miami up 66-61. The Heat got a stop on the next possession, and the next few seconds were all Tucker.
He knocked away a rebound from the 76ers to extend a Miami possession, then got another offensive rebound, then fought off Tobias Harris so Bam Adebayo could get another rebound that leads to free throws.
“I have just the utmost respect for him,” Adebayo said.
The game was still in the balance at that point. It wasn’t for much longer. The Heat would lead by 21 in the fourth, the outcome academic and a 1-0 series lead was about to come Miami’s way.
“There’s really a timeliness to his winning plays,” Heat coach Erik Spoelstra said. “It’s tough to describe it. They’re momentum-shifting plays, and he just senses the moment. And a lot of times it’s going to be those intangible plays with loose balls, deflections, taking a charge or just pursuits on both ends of the court that don’t necessarily translate to a stat. They just infuse confidence and life into your team. He’s a really inspiring player.”
___
More AP NBA: https://apnews.com/hub/NBA and https://twitter.com/AP_Sports
By TIM REYNOLDS
AP Basketball Writer | https://www.mymotherlode.com/sports/basketball-general-news/2522713/heats-pj-tucker-makes-huge-impact-in-game-1-win-over-76ers.html | 2022-05-03T20:25:30Z | https://www.mymotherlode.com/sports/basketball-general-news/2522713/heats-pj-tucker-makes-huge-impact-in-game-1-win-over-76ers.html | true | 23 |
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OKLAHOMA CITY (KFOR) – Quickly rising and quickly rushing waters left an Oklahoma City woman in a dangerous situation Monday morning.
“You know, Oklahoma,” said Capt. Scott Douglas, with the Oklahoma City Fire Department. “The rains, they came so quick and rose real fast.”
Firefighters say the woman actually called 911 herself, pleading for help as she was stuck near a tunnel.
“Notifying us, the water’s rising quickly, ‘I feel like I’m about to be swept away,'” Douglas said.
Police were first on the scene near N.W. 39th and Youngs, right off I-44.
“They threw her a life jacket, they also threw her a life line, so they tied her off quickly,” said Douglas.
A careful team effort of Oklahoma City police officers, firefighters and dive teams followed.
“They trained for this every day and this was an opportunity to show what they do,” Douglas said.
Finally, as they lifted her to dry land, there was a sigh of relief.
First responders say they’re not sure how or why the woman got in this situation but say areas like this are not a place of shelter in storms.
“A lot of people do underestimate that just a little bit of water has so much power,” said Douglas. “It’s easy to underestimate. That’s why these are very, very dangerous. People want to seek shelter, but just even a foot or two of water, you can get swept away very quickly.”
The woman was treated at the scene and is expected to be OK. | https://www.wavy.com/news/national/firefighters-police-rescue-oklahoma-woman-trapped-by-rushing-water/ | 2022-05-03T20:31:25Z | https://www.wavy.com/news/national/firefighters-police-rescue-oklahoma-woman-trapped-by-rushing-water/ | true | 20 |
BNP PARIBAS ASSET MANAGEMENT Holding S.A. reduced its position in 51job, Inc. (NASDAQ:JOBS – Get Rating) by 59.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 268,485 shares of the company’s stock after selling 391,281 shares during the quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. owned approximately 0.40% of 51job worth $13,137,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. Royal Bank of Canada grew its position in shares of 51job by 424.2% during the 3rd quarter. Royal Bank of Canada now owns 477 shares of the company’s stock valued at $33,000 after buying an additional 386 shares during the last quarter. Korea Investment CORP boosted its position in 51job by 69.2% during the 4th quarter. Korea Investment CORP now owns 4,400 shares of the company’s stock worth $215,000 after acquiring an additional 1,800 shares during the period. Franklin Resources Inc. grew its stake in shares of 51job by 46.4% in the third quarter. Franklin Resources Inc. now owns 5,091 shares of the company’s stock worth $355,000 after purchasing an additional 1,613 shares in the last quarter. E Fund Management Hong Kong Co. Ltd. acquired a new position in shares of 51job during the fourth quarter valued at $366,000. Finally, The Manufacturers Life Insurance Company lifted its holdings in 51job by 10.2% in the third quarter. The Manufacturers Life Insurance Company now owns 5,400 shares of the company’s stock worth $375,000 after purchasing an additional 500 shares during the period. Hedge funds and other institutional investors own 93.04% of the company’s stock.
A number of analysts have recently weighed in on JOBS shares. Zacks Investment Research raised shares of 51job from a “hold” rating to a “buy” rating and set a $68.00 price target for the company in a research note on Tuesday. StockNews.com raised shares of 51job from a “sell” rating to a “hold” rating in a report on Friday, April 8th.
51job Profile (Get Rating)
51job, Inc, through its subsidiaries, provides integrated human resource services in the People's Republic of China. The company offers online recruitment services through its Websites comprising 51job.com, yingjiesheng.com, 51jingying.com, lagou.com, and 51mdd.com; and mobile applications that enable job seekers to access their accounts through mobile devices and utilize functions available on their Websites.
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Want to see what other hedge funds are holding JOBS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for 51job, Inc. (NASDAQ:JOBS – Get Rating).
Receive News & Ratings for 51job Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for 51job and related companies with MarketBeat.com's FREE daily email newsletter. | https://www.wkrb13.com/2022/05/03/bnp-paribas-asset-management-holding-s-a-decreases-stake-in-51job-inc-nasdaqjobs.html | 2022-05-03T20:32:43Z | https://www.wkrb13.com/2022/05/03/bnp-paribas-asset-management-holding-s-a-decreases-stake-in-51job-inc-nasdaqjobs.html | false | 1 |
New open-source software automates RNA analysis to speed up research and drug development
Scientists at Scripps Research have unveiled a new software tool for studying RNA (ribonucleic acid) molecules, which have a host of critical roles in organisms. The open-source app, "Pytheas," described May 3, 2022, in Nature Communications, speeds up the process of characterizing and quantifying RNAs in basic research and drug-development settings.
The app is designed specifically to analyze RNA data generated through a method called mass spectrometry. "Mass spec" is commonly used to evaluate RNA molecules that are not simple chains of standard RNA nucleotides but are instead modified in some way. Among their demonstrations, the researchers showed that Pytheas can be used to swiftly identify and quantify modified RNA molecules like those in the current Pfizer and Moderna COVID-19 mRNA vaccines.
"The analysis of RNA data from mass spectrometry has been a relatively laborious process, lacking the tools found in other areas of biological research, and so our aim with Pytheas is to bring the field into the 21st century," says study senior author James Williamson, Ph.D., professor in the Department of Integrative Structural and Computational Biology, and vice president of Research and Academic Affairs at Scripps Research.
The first authors of the study were Luigi D'Ascenzo, Ph.D., and Anna Popova, Ph.D., respectively a postdoctoral research associate and staff scientist in the Williamson lab during the study.
RNA is chemically very similar to DNA, and RNA molecules in cells are heavily involved in the process of translating genes into proteins, as well as in fine-tuning gene activity. Additionally, RNA-based therapeutics—which include the Pfizer and Moderna vaccines—are viewed as a highly promising new class of medicines, capable in principle of hitting their biological targets more potently and selectively than traditional small-molecule drugs.
A common tool for detecting RNA molecules that have chemical modifications is mass spectrometry, which can be used essentially to recognize the RNAs and their modifications based on their masses. Natural RNAs often have modifications that affect their functions, while RNAs used for vaccines and RNA-based drugs are almost always modified artificially to optimize their activity and reduce side effects. Up to now, methods for processing raw mass spectrometry data on modified RNAs have been relatively slow and manual—thus, very labor-intensive—in contrast to corresponding methods in the field of protein analysis, for example.
Williamson and his team developed Pytheas, which is based on the Python programming language, to greatly improve the automation of this processing. The app takes mass spec data on an RNA sample as the input, and outputs the predicted RNA sequences and chemical modifications in a way that also makes it easy to quantify distinct RNAs in a sample.
The team demonstrated Pytheas's speed, accuracy and versatility using mass spec data for important bacterial and yeast RNAs, and for SARS-CoV-2 spike protein messenger-RNAs like those used in the Pfizer and Moderna COVID-19 vaccines.
"We're hoping that companies involved in manufacturing RNA vaccines and other RNA therapeutics will find Pytheas useful, for example, in monitoring the quality of their products," Williamson says.
The researchers are now using Pytheas in their studies of natural RNAs, and are continuing to optimize the software.
Pytheas is freely available on the Github software repository.
"Pytheas: a software package for the automated analysis of RNA sequences and modifications via tandem mass spectrometry" was co-authored by Luigi D'Ascenzo, Anna Popova, Scott Abernathy, Kai Sheng, Patrick Limbach, and James Williamson, all of Scripps Research. | https://phys.org/news/2022-05-open-source-software-automates-rna-analysis.html | 2022-05-03T20:33:59Z | https://phys.org/news/2022-05-open-source-software-automates-rna-analysis.html | false | 1 |
AAA: Gasoline prices back on the rise, select states with 20 cent increases
(Gray News) - After a short break from rising gasoline prices, the prices at the pump are once again increasing.
According to AAA, pump prices rose over the past week due to the high cost of crude oil. The cost of a barrel of crude continues to hover around $100.
With the oil price accounting for about 60% of pump prices, AAA reports the national average for a gallon of regular is currently $4.19, an increase of seven cents since April 25 and $1.29 more than a year ago.
“As long as the supply remains tight, it will be hard for crude oil prices to fall and consumers will face higher prices at the pump,” said Andrew Gross, AAA spokesperson. “It now costs drivers in the U.S. about $23 more to fill up than a year ago.”
Officials say the fear of a global energy supply disruption due to Russia’s invasion of Ukraine outweighs the demand concerns prompted by the impact of COVID-19 on China’s economy.
According to new data from the Energy Information Administration, total domestic gasoline demand has decreased slightly, and it would typically push pump prices lower. However, the fluctuating oil price and tight gasoline supply have pushed pump prices higher.
As AAA reports, pump prices will likely face upward pressure as oil prices remain above $100 per barrel.
Quick stats from AAA:
- The nation’s top 10 largest weekly increases: Delaware (+22 cents), Maryland (+21 cents), Ohio (+19 cents), Pennsylvania (+15 cents), Washington, D.C. (+14 cents), Connecticut (+13 cents), Vermont (+13 cents), Indiana (+12 cents), New Jersey (+12 cents) and North Carolina (+12 cents).
- The nation’s top 10 least expensive markets: Georgia ($3.72), Missouri ($3.77), Kansas ($3.78), Arkansas ($3.79), Mississippi ($3.80), Oklahoma ($3.80), Kentucky ($3.82), South Carolina ($3.85), Alabama ($3.85) and Texas ($3.86).
Copyright 2022 Gray Media Group, Inc. All rights reserved. | https://www.ky3.com/2022/05/03/aaa-gasoline-prices-back-rise-select-states-with-20-cent-increases/ | 2022-05-03T20:34:01Z | https://www.ky3.com/2022/05/03/aaa-gasoline-prices-back-rise-select-states-with-20-cent-increases/ | true | 22 |
Request unsuccessful. Incapsula incident ID: 6521000070008587536-41902079324258769 | https://www.bizjournals.com/milwaukee/inno/stories/news/2022/05/03/exact-sciences-buys-german-omicera-diagnostics.html | 2022-05-03T20:34:42Z | https://www.bizjournals.com/milwaukee/inno/stories/news/2022/05/03/exact-sciences-buys-german-omicera-diagnostics.html | true | null |
Haryana: Student commits suicide, body recovered from Bhakra Canal
A student committed suicide after a man posing as a college professor, blackmailed him demanding Rs 26,000 in return for not uploading an obscene video of him. The body of the victim was recovered from the Bhakra canal in Haryana’s Fatehabad. The victim’s body has been sent for postmortem and further investigation is underway.
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Amid leadership change buzz in Karnataka, Amit Shah’s assurance to CM Basavaraj Bommai | https://www.timesnownews.com/mirror-now/crime/haryana-student-commits-suicide-body-recovered-from-bhakra-canal-article-91294937 | 2022-05-03T20:35:00Z | https://www.timesnownews.com/mirror-now/crime/haryana-student-commits-suicide-body-recovered-from-bhakra-canal-article-91294937 | false | 2 |
Heartland Advisors Inc. reduced its position in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN – Get Rating) by 3.3% in the 4th quarter, Holdings Channel.com reports. The firm owned 130,601 shares of the auto parts company’s stock after selling 4,433 shares during the period. Heartland Advisors Inc.’s holdings in Allison Transmission were worth $4,747,000 as of its most recent SEC filing.
Several other institutional investors have also recently added to or reduced their stakes in the company. Truist Financial Corp lifted its position in Allison Transmission by 1.8% in the third quarter. Truist Financial Corp now owns 16,861 shares of the auto parts company’s stock valued at $595,000 after acquiring an additional 294 shares during the last quarter. Fieldpoint Private Securities LLC raised its holdings in shares of Allison Transmission by 40.2% in the fourth quarter. Fieldpoint Private Securities LLC now owns 1,235 shares of the auto parts company’s stock valued at $45,000 after buying an additional 354 shares during the last quarter. Fifth Third Bancorp raised its holdings in shares of Allison Transmission by 36.0% in the fourth quarter. Fifth Third Bancorp now owns 2,036 shares of the auto parts company’s stock valued at $74,000 after buying an additional 539 shares during the last quarter. PNC Financial Services Group Inc. raised its holdings in shares of Allison Transmission by 7.9% in the third quarter. PNC Financial Services Group Inc. now owns 10,477 shares of the auto parts company’s stock valued at $369,000 after buying an additional 767 shares during the last quarter. Finally, Janney Montgomery Scott LLC raised its holdings in shares of Allison Transmission by 20.1% in the third quarter. Janney Montgomery Scott LLC now owns 6,362 shares of the auto parts company’s stock valued at $225,000 after buying an additional 1,064 shares during the last quarter.
A number of equities research analysts have recently commented on the stock. TheStreet cut shares of Allison Transmission from a “b” rating to a “c+” rating in a report on Friday, March 11th. The Goldman Sachs Group upped their target price on shares of Allison Transmission from $35.00 to $38.00 in a report on Thursday, February 17th. Credit Suisse Group lowered shares of Allison Transmission from an “outperform” rating to a “neutral” rating and set a $48.00 price target on the stock. in a research note on Tuesday, February 22nd. Citigroup dropped their price target on shares of Allison Transmission from $41.00 to $39.00 in a research note on Tuesday, April 12th. Finally, StockNews.com started coverage on shares of Allison Transmission in a research note on Thursday, March 31st. They set a “buy” rating on the stock. Four investment analysts have rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, Allison Transmission currently has a consensus rating of “Hold” and a consensus target price of $39.43.
Allison Transmission (NYSE:ALSN – Get Rating) last issued its earnings results on Wednesday, April 27th. The auto parts company reported $1.30 earnings per share for the quarter, topping the consensus estimate of $1.16 by $0.14. Allison Transmission had a net margin of 18.10% and a return on equity of 65.55%. During the same quarter last year, the company earned $1.07 EPS. Analysts forecast that Allison Transmission Holdings, Inc. will post 5.2 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Friday, March 18th. Stockholders of record on Monday, March 7th were given a $0.21 dividend. The ex-dividend date was Friday, March 4th. This is a positive change from Allison Transmission’s previous quarterly dividend of $0.19. This represents a $0.84 annualized dividend and a dividend yield of 2.16%. Allison Transmission’s dividend payout ratio is currently 19.31%.
Allison Transmission Company Profile (Get Rating)
Allison Transmission Holdings, Inc, together with its subsidiaries, designs, manufactures, and sells commercial and defense fully-automatic transmissions for medium-and heavy-duty commercial vehicles, and medium-and heavy-tactical U.S. defense vehicles worldwide. It offers transmissions for various applications, including distribution, refuse, construction, fire, and emergency on-highway trucks; school and transit buses; motor homes; energy, mining, and construction off-highway vehicles and equipment; and wheeled and tracked defense vehicles.
Read More
- Get a free copy of the StockNews.com research report on Allison Transmission (ALSN)
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Want to see what other hedge funds are holding ALSN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Allison Transmission Holdings, Inc. (NYSE:ALSN – Get Rating).
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WASHINGTON (AP) — The U.S. has learned a great deal about Russian military shortfalls and capabilities in the first two months of the war in Ukraine, top Pentagon leaders told Congress Tuesday. But they warned that Moscow is learning from its mistakes as the war shifts to a new phase, and that will shape the artillery and other weapons systems the U.S. will provide.
Defense Secretary Lloyd Austin and Gen. Mark Milley, chairman of the Joint Chiefs of Staff, told a Senate Appropriations subcommittee that if Congress approves funding, the most critical things that Ukraine needs are anti-tank, anti-aircraft and shoulder-fired surface-to-air missiles. Milley added that with the fighting now concentrated in the eastern Donbas region, Ukrainian forces also need more tanks and other mechanized vehicles, which the U.S. and other nations are providing.
The coming weeks, they said, will be crucial.
Prior to Russia's invasion of Ukraine in late February, the U.S. had provided about $1 billion in weapons and gear to the Ukrainian military, and had been training troops for years. Since the invasion, the U.S. has committed another $3.7 billion in weapons and other aid, and is seeking a $33 billion supplemental appropriation from Congress that includes a wide range of military and other support.
Senators, including Sen. Patty Murray, D-Wash., pressed Austin and Milley on whether weapons are actually getting out to the troops on the front lines, or if they are being diverted or hoarded. Austin said it's difficult to know since there are no U.S. personnel on the ground in Ukraine to monitor the weapons flow. But he said they talk to their counterparts in Ukraine regularly, and stress the need for accountability in weapons distribution.
Austin pointed to early failures by Russia, including almost immediate struggles with logistics, and difficulties getting food, water and supplies to troops.
“As we saw things unfold on the ground, we saw them not able to support themselves logistically, we saw them make some bad assumptions at the beginning of this, we saw them fail to integrate aerial fires with their ground maneuver, and just a number of missteps,” Austin said. “ I attribute a lot of that to lack of leadership at the lower level.”
The leadership problems, he said, forced Russia to send higher ranking generals to the battlefront, where “many” have been killed.
Austin said the U.S. expects to see some of the same mistakes as the fighting in the Donbas and across southern Ukraine escalates, as Russia tries to wrest control of a solid stretch of land from the east, through Mariupol, along the Sea of Azov to Crimea, the Black Sea peninsula seized by Russian and annexed in March 2014.
But, he said, “they will learn from what they did in the early stages of this fight. And we’ll see them improve their logistical efforts. And we’ll see them improve their massing of fires and that sort of business. But some things they won’t be able to correct.”
Austin and Milley said that Russia's failure to train young commanders to make decisions, has led to a very top-heavy organization that hasn't been as nimble and effective as the Ukrainian forces. Milley said the U.S. and other Western nations taught Ukrainian forces about mission command and decentralized control and tactics, which are more successful on a dynamic battlefield.
He also said the U.S. “opened up the pipes" and sent a "significant amount of intelligence” to Ukraine both before the invasion, and as the fight has gone on.
In a related matter, President Joe Biden has nominated Army Gen. Christopher G. Cavoli to be the next top general for Europe, and to serve as the Supreme Allied Commander for NATO. Cavoli is currently serving as commander of U.S. Army Europe-Africa. His nomination now goes to the U.S. Senate for confirmation. He would replace Air Force Gen. Tod D. Wolters.
Credit: Amanda Andrade-Rhoades
Credit: Amanda Andrade-Rhoades
Credit: Win McNamee
Credit: Win McNamee | https://www.daytondailynews.com/nation-world/defense-leaders-say-russia-learning-from-mistakes-in-ukraine/SPHJTTAWPJC6FGOTIJIDCKQP7M/ | 2022-05-03T20:39:59Z | https://www.daytondailynews.com/nation-world/defense-leaders-say-russia-learning-from-mistakes-in-ukraine/SPHJTTAWPJC6FGOTIJIDCKQP7M/ | false | 40 |
JACKSONVILLE, Fla. (AP) _ Regency Centers Corp. (REG) on Tuesday reported a key measure of profitability in its first quarter. The results exceeded Wall Street expectations.
The real estate investment trust, based in Jacksonville, Florida, said it had funds from operations of $178.2 million, or $1.03 per share, in the period.
The average estimate of eight analysts surveyed by Zacks Investment Research was for funds from operations of 93 cents per share.
Funds from operations is a closely watched measure in the REIT industry. It takes net income and adds back items such as depreciation and amortization.
The company said it had net income of $195.2 million, or $1.14 per share.
The shopping center real estate investment trust, based in Jacksonville, Florida, posted revenue of $303.4 million in the period, also beating Street forecasts. Four analysts surveyed by Zacks expected $297.4 million.
Regency Centers expects full-year funds from operations in the range of $3.84 to $3.90 per share.
_____
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on REG at https://www.zacks.com/ap/REG | https://www.theridgefieldpress.com/business/article/Regency-Centers-Q1-Earnings-Snapshot-17145263.php | 2022-05-03T20:41:25Z | https://www.theridgefieldpress.com/business/article/Regency-Centers-Q1-Earnings-Snapshot-17145263.php | true | 601 |
Kaizer Chiefs have ended their five-game winless run in the league, thanks to Keagan Dolly’s strike in the 1-0 victory over Marumo Gallants.
Kaizer Chiefs have ended their five-game winless run in the league, thanks to Keagan Dolly’s strike in the 1-0 victory over Marumo Gallants.
READ | MAMELODI SUNDOWNS: SHALULILE THREE GOALS AWAY FROM MBESUMA’S RECORD
Amakhosi went into the encounter on the back of four successive defeats, and they needed to win to ease the pressure from the fans.
And they did just that as Dolly netted with a deflected goal midway through the second half, much to the relief of Amakhosi fans out in the stands.
READ | EXCLUSIVE: WHY KAIZER CHIEFS SUSPENDED DUMISANI ZUMA [REVEALED]
This was also Chiefs’ first shot on target, and it also highlighted the problems the team has, especially upfront.
Furthermore, it was Dolly’s eighth league goal of the season, and he now tops the goalscoring charts at Chiefs in his first campaign at the club.
READ | AGENT TAKES SWIPE AT KAIZER CHIEFS FOLLOWING DUMISANI ZUMA’S SUSPENSION
Marumo Gallants tried all they could, even forcing Bruce Bvuma into a great double save late in the game but they couldn’t put the ball in the back of the net.
The result means Chiefs are now fourth on the log with 42 points from 27 games – they move to within three points of second-placed Royal AM.
READ | KAIZER CHIEFS LATEST: WHAT LED TO DUMISANI ZUMA’S SUSPENSION
Chiefs XI: Bvuma, Ngezana, Mphahlele, Blom, Frosler, Radebe, Parker, Nange, Baccus, Dolly, Billiat.
Subs: Akpeyi, Castro, Alexander, Kambole, NJ Ngcobo, Dube, Mashiane, Mabiliso, Sekgota.
Gallants XI: Ndlovu, Gumede, Khiba, Mabotja, Nonyane, Timm, Makudubela, Kumalo, Ngema, Ndlondlo, Molangoane.
Subs: Arubi, Manaka, Nhlapo, Sibeko, Ravhuhali, Mphambaniso, Koapeng, Mogakwe, Madhananga. | https://www.thesouthafrican.com/sport/soccer/psl-south-africa/kaizer-chiefs-marumo-gallants-five-game-winless-run-keagan-dolly-scores-match-report-breaking/ | 2022-05-03T20:41:32Z | https://www.thesouthafrican.com/sport/soccer/psl-south-africa/kaizer-chiefs-marumo-gallants-five-game-winless-run-keagan-dolly-scores-match-report-breaking/ | false | 1 |
https://nairametrics.com/2022/05/02/shoprite-shuts-its-doors-to-hundreds-of-ilorin-shoppers-on-eid-day/ | https://nigerianbulletin.com/threads/shoprite-shuts-its-doors-to-hundreds-of-ilorin-shoppers-on-eid-day-nairametrics.458941/ | 2022-05-03T20:43:12Z | https://nigerianbulletin.com/threads/shoprite-shuts-its-doors-to-hundreds-of-ilorin-shoppers-on-eid-day-nairametrics.458941/ | true | null |
Argent Trust Co increased its position in shares of Visa Inc. (NYSE:V – Get Rating) by 0.6% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 90,633 shares of the credit-card processor’s stock after purchasing an additional 560 shares during the period. Visa makes up approximately 1.1% of Argent Trust Co’s portfolio, making the stock its 13th largest position. Argent Trust Co’s holdings in Visa were worth $19,641,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. BlackRock Inc. raised its holdings in Visa by 1.9% during the third quarter. BlackRock Inc. now owns 126,591,271 shares of the credit-card processor’s stock worth $28,198,208,000 after purchasing an additional 2,370,237 shares in the last quarter. Morgan Stanley raised its holdings in Visa by 1.5% during the third quarter. Morgan Stanley now owns 42,355,192 shares of the credit-card processor’s stock worth $9,434,618,000 after purchasing an additional 646,198 shares in the last quarter. Geode Capital Management LLC raised its holdings in Visa by 3.0% during the third quarter. Geode Capital Management LLC now owns 28,855,078 shares of the credit-card processor’s stock worth $6,410,682,000 after purchasing an additional 849,919 shares in the last quarter. Alliancebernstein L.P. raised its holdings in Visa by 11.8% during the third quarter. Alliancebernstein L.P. now owns 23,190,566 shares of the credit-card processor’s stock worth $5,165,699,000 after purchasing an additional 2,446,963 shares in the last quarter. Finally, TCI Fund Management Ltd. raised its holdings in Visa by 41.8% during the third quarter. TCI Fund Management Ltd. now owns 19,939,311 shares of the credit-card processor’s stock worth $4,441,482,000 after purchasing an additional 5,881,421 shares in the last quarter. 80.77% of the stock is owned by hedge funds and other institutional investors.
V has been the subject of a number of research analyst reports. Piper Sandler cut shares of Visa from an “overweight” rating to a “neutral” rating and dropped their target price for the company from $283.00 to $239.00 in a report on Friday. Citigroup dropped their target price on shares of Visa from $285.00 to $265.00 in a report on Monday, April 25th. Credit Suisse Group increased their target price on shares of Visa from $260.00 to $265.00 and gave the company an “outperform” rating in a report on Wednesday, April 27th. StockNews.com raised shares of Visa from a “hold” rating to a “buy” rating in a report on Thursday, April 28th. Finally, Morgan Stanley raised their price objective on shares of Visa from $279.00 to $284.00 in a research note on Wednesday, April 27th. Six investment analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Buy” and an average target price of $265.24.
Shares of V traded down $3.31 during mid-day trading on Tuesday, reaching $208.22. The company had a trading volume of 158,552 shares, compared to its average volume of 7,269,843. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 0.53. The stock has a market cap of $398.58 billion, a price-to-earnings ratio of 32.73, a price-to-earnings-growth ratio of 1.85 and a beta of 0.90. The firm has a fifty day simple moving average of $213.20 and a 200-day simple moving average of $214.57. Visa Inc. has a fifty-two week low of $186.67 and a fifty-two week high of $252.67.
Visa (NYSE:V – Get Rating) last posted its earnings results on Tuesday, April 26th. The credit-card processor reported $1.79 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.65 by $0.14. The business had revenue of $7.19 billion for the quarter, compared to analyst estimates of $6.82 billion. Visa had a net margin of 51.10% and a return on equity of 42.89%. The business’s quarterly revenue was up 25.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.38 EPS. As a group, equities analysts predict that Visa Inc. will post 7.14 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 1st. Investors of record on Friday, May 13th will be paid a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a yield of 0.72%. The ex-dividend date is Thursday, May 12th. Visa’s dividend payout ratio (DPR) is 23.58%.
Visa Company Profile (Get Rating)
Visa Inc operates as a payments technology company worldwide. The company facilitates digital payments among consumers, merchants, financial institutions, businesses, strategic partners, and government entities. It operates VisaNet, a transaction processing network that enables authorization, clearing, and settlement of payment transactions.
Further Reading
- Get a free copy of the StockNews.com research report on Visa (V)
- Institutional Support For Rockwell International Begins To Erode
- Another Buy The Dip Opportunity In Freshpet
- Inflation Wreaks Havoc On Haverty Furniture Company
- Tractor Supply Stock Should Plow Ahead
- MarketBeat Podcast: Investing In Innovation, Robotics, AI and Healthcare
Want to see what other hedge funds are holding V? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Visa Inc. (NYSE:V – Get Rating).
Receive News & Ratings for Visa Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Visa and related companies with MarketBeat.com's FREE daily email newsletter. | https://www.com-unik.info/2022/05/03/visa-inc-nysev-shares-acquired-by-argent-trust-co.html | 2022-05-03T20:44:06Z | https://www.com-unik.info/2022/05/03/visa-inc-nysev-shares-acquired-by-argent-trust-co.html | false | 2 |
After an 18-year-old student recently brought a loaded handgun to a school in Brooklyn Park, Intermediate School District 287 will begin using wand-style metal detectors to screen students and visitors at the doors of its four school buildings.
On April 28, Ann Bremer Education Center, located at 6601 Xylon Ave. N., was placed on lockdown after school personnel reported that they believed a student had a firearm in his jacket.
“The weapon was secured immediately, was not used, and no one was physically hurt. Police were called and removed the student and the weapon from the school grounds,” wrote Superintendent Sandy Lewandowski in a letter to district families. “School safety is on everyone’s minds. We’ve had multiple serious safety incidents this school year involving weapons, and our school community is still processing and healing from them. There are likely no words I can write in a message that can ease the fears we all have.”
Intermediate District 287 offers alternative learning settings for students in 11 districts including Brooklyn Center, Eden Prairie, Edina, Hopkins, Osseo, Richfield, Robbinsdale, St. Louis Park, Wayzata and Westonka.
According to the criminal complaint, Brooklyn Park police officers arrived and learned that the suspect, identified as Vincent Fields Jr. of Columbia Heights, had been searched when he arrived at the school because of an incident that had occurred in recent days.
School staff believed that Fields’ jacket and belongings looked heavier than usual, so they separated him from his belongings.
Arriving officers removed a 9mm Smith and Wesson M&P handgun from Fields’ jacket. The handgun’s magazine was loaded and a live round was in the chamber.
Fields was charged with one count of possession of a dangerous weapon on school property. After he was arrested, he was held in police custody pending charging.
According to the Hennepin County Jail Roster, Fields was booked in the County Jail at 11:21 a.m.
He was released after posting a $20,000 non-cash bond and is scheduled for an ominibus court hearing June 3.
Security measures
Following the incident, Intermediate District 287 is implementing new security measures.
“One immediate step we are taking across our four school sites is to wand students and unscheduled visitors as they enter the building, until further notice,” Lewandowski wrote. “We understand some students will need to adjust to this updated screening routine, and our staff stand ready to support students.”
Security wands will be used at the district’s West Education Center, at 11140 Bren Rd. W., Minnetonka; South Education Center at 7450 Penn Ave. S., Richfield; North Education Center at 5530 Zealand Ave. N., New Hope; and the Ann Bremer Education Center.
“We know that these types of situations can be traumatizing,” Lewandowski wrote. “Mental health staff are available to connect with students to help them process the incident. A situation like this can feel overwhelming, terrifying, and too close to home. We have resources on our website about how to talk with students about gun violence.”
This comes after one student was fatally shot and one was left in critical condition in a shooting at South Education Center on Feb. 1. Jahmari Rice, 15, died in the incident.
Fernando Valdez-Alvarez, 18, and Alfredo Rosario Solis, 19, were charged with intentional second-degree intentional murder in connection with his death.
Students at the district’s care and treatment programs, as well as those taking classes through the district at Hennepin Technical College will not be subject to the new security screening.
Follow Kevin Miller on Facebook at facebook.com/mnsunpost | https://www.hometownsource.com/sun_post/news/publicsafety/after-student-brings-gun-to-brooklyn-park-school-district-287-starts-new-security-measures/article_a0bd70ea-cb0f-11ec-89d6-7ffb191f4988.html | 2022-05-03T20:45:38Z | https://www.hometownsource.com/sun_post/news/publicsafety/after-student-brings-gun-to-brooklyn-park-school-district-287-starts-new-security-measures/article_a0bd70ea-cb0f-11ec-89d6-7ffb191f4988.html | false | 1 |
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Ingevity Corp Changes to Beneficial Ownership: Sansone Daniel F (Director) (Form4)
Accepted:
Form Type:
4
Accession Number:
0001567619-22-009272 | https://www.benzinga.com/secfilings/22/05/26943747/ingevity-corp-changes-to-beneficial-ownership-sansone-daniel-f-director-form4 | 2022-05-03T20:46:54Z | https://www.benzinga.com/secfilings/22/05/26943747/ingevity-corp-changes-to-beneficial-ownership-sansone-daniel-f-director-form4 | true | 254241 |
KOPION ASSET MANAGEMENT LLC bought a fresh place in Magnite Inc. (NASDAQ:MGNI). Money CNN data shows that the institutional investor bought 170.0 thousand shares of the stock in a transaction took place on 3/31/2022. In another most recent transaction, which held on 3/31/2022, P.A.W. CAPITAL PARTNERS LP bought approximately 150.0 thousand shares of Magnite Inc. In a separate transaction which took place on 3/31/2022, the institutional investor, NORDEA INVESTMENT MANAGEMENT AB bought 136.9 thousand shares of the company’s stock. The total Institutional investors and hedge funds own 68.50% of the company’s stock.
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In the most recent purchasing and selling session, Magnite Inc. (MGNI)’s share price increased by 6.22 percent to ratify at $10.25. A sum of 2884044 shares traded at recent session and its average exchanging volume remained at 2.19M shares. The 52-week price high and low points are important variables to concentrate on when assessing the current and prospective worth of a stock. Magnite Inc. (MGNI) shares are taking a pay cut of -74.88% from the high point of 52 weeks and flying high of 7.05% from the low figure of 52 weeks.
Magnite Inc. (MGNI) shares reached a high of $10.28 and dropped to a low of $9.58 until finishing in the latest session at $9.64. Traders and investors may also choose to study the ATR or Average True Range when concentrating on technical inventory assessment. Currently at 0.82 is the 14-day ATR for Magnite Inc. (MGNI). The highest level of 52-weeks price has $40.81 and $9.57 for 52 weeks lowest level. The liquidity ratios which the firm has won as a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 0.82.
Having a look at past record, we’re going to look at various forwards or backwards shifting developments regarding MGNI. The firm’s shares fell -8.24 percent in the past five business days and shrunk -22.41 percent in the past thirty business days. In the previous quarter, the stock fell -24.47 percent at some point. The company’s performance is now negative at -41.43% from the beginning of the calendar year.
According to WSJ, Magnite Inc. (MGNI) obtained an estimated Buy proposal from the 9 brokerage firms currently keeping a deep eye on the stock performance as compares to its rivals. 0 equity research analysts rated the shares with a selling strategy, 1 gave a hold approach, 8 gave a purchase tip, 0 gave the firm a overweight advice and 0 put the stock under the underweight category. The average price goal of one year between several banks and credit unions that last year discussed the stock is $22.00.
Allena Pharmaceuticals Inc. (ALNA) shares on Monday’s trading session, jumped 4.12 percent to see the stock exchange hands at $0.17 per unit. Lets a quick look at company’s past reported and future predictions of growth using the EPS Growth. EPS growth is a percentage change in standardized earnings per share over the trailing-twelve-month period to the current year-end. The company posted a value of -$0.74 as earning-per-share over the last full year, while a chance, will post -$0.32 for the coming year. The current EPS Growth rate for the company during the year is 29.10% and predicted to reach at 10.50% for the coming year.
The last trading period has seen Allena Pharmaceuticals Inc. (ALNA) move -88.32% and 5.81% from the stock’s 52-week high and 52-week low prices respectively. The daily trading volume for Allena Pharmaceuticals Inc. (NASDAQ:ALNA) over the last session is 1.69 million shares. ALNA has attracted considerable attention from traders and investors, a scenario that has seen its volume jump 4.24% compared to the previous one.
Investors focus on the profitability proportions of the company that how the company performs at profitability side. Return on equity ratio or ROE is a significant indicator for prospective investors as they would like to see just how effectively a business is using their cash to produce net earnings. As a return on equity, Allena Pharmaceuticals Inc. (NASDAQ:ALNA) produces -241.30%. Because it would be easy and highly flexible, ROI measurement is among the most popular investment ratios. Executives could use it to evaluate the levels of performance on acquisitions of capital equipment whereas investors can determine that how the stock investment is better. The ROI entry for ALNA’s scenario is at 0.00%. Another main metric of a profitability ratio is the return on assets ratio or ROA that analyses how effectively a business can handle its assets to generate earnings over a duration of time. Allena Pharmaceuticals Inc. (ALNA) generated -130.30% ROA for the trading twelve-month.
Volatility is just a proportion of the anticipated day by day value extend—the range where an informal investor works. Greater instability implies more noteworthy benefit or misfortune. After an ongoing check, Allena Pharmaceuticals Inc. (ALNA) stock is found to be 10.70% volatile for the week, while 8.43% volatility is recorded for the month. The outstanding shares have been calculated 81.98M. Based on a recent bid, its distance from 20 days simple moving average is -21.46%, and its distance from 50 days simple moving average is -47.52% while it has a distance of -74.11% from the 200 days simple moving average.
The Williams Percent Range or Williams %R is a well-known specialized pointer made by Larry Williams to help recognize overbought and oversold circumstances. Allena Pharmaceuticals Inc. (NASDAQ:ALNA)’s Williams Percent Range or Williams %R at the time of writing to be seated at 86.20% for 9-Day. It is also calculated for different time spans. Currently for this organization, Williams %R is stood at 90.55% for 14-Day, 90.55% for 20-Day, 97.62% for 50-Day and to be seated 98.48% for 100-Day. Relative Strength Index, or RSI(14), which is a technical analysis gauge, also used to measure momentum on a scale of zero to 100 for overbought and oversold. In the case of Allena Pharmaceuticals Inc., the RSI reading has hit 29.95 for 14-Day. | https://www.bovnews.com/industry/magnite-inc-mgni-allena-pharmaceuticals-inc-alna-might-equate-to-grow-up/ | 2022-05-03T20:49:20Z | https://www.bovnews.com/industry/magnite-inc-mgni-allena-pharmaceuticals-inc-alna-might-equate-to-grow-up/ | true | 19813 |
FAIRFAX COUNTY, Va. — Johnny Depp’s agent testified Monday that his ex-wife’s 2018 op-ed piece in The Washington Post describing herself as a victim of domestic abuse was “catastrophic” to his career and coincided with the loss of a $23 million deal for a “Pirates of the Caribbean” sequel.
Amber Heard’s lawyers pushed back aggressively against the agent’s assertion on cross-examination, suggesting that the article was inconsequential amid a stream of bad publicity for Depp brought on by his own bad behavior.
Depp is suing Heard for libel in Fairfax County Circuit Court, saying her article defamed him when she described herself as “a public figure representing domestic abuse.” The article never mentions Depp by name, but Depp’s lawyers say he was defamed nevertheless because it’s a clear reference to abuse allegations Heard levied in 2016.
In testimony Monday, agent Jack Whigham said Depp was still able to work after the initial allegations made against him in 2016. He was paid $8 million for “City Of Lies,” $10 million for “Murder on the Orient Express” and $13.5 million for “Fantastic Beasts: The Crimes of Grindelwald,” all of which shot in 2017, albeit under contracts reached prior to the allegations made against him.
But he said The Washington Post piece was uniquely damaging to Depp’s career.
“It was a first-person account, extremely impactful,” Whigham said of the op-ed.
After that, he said Depp struggled to get any kind of work. He had to take a pay cut — down to $3 million — to do the independent film “Minimata,” and a $22.5 million verbal deal he had with Disney for a sixth “Pirates” film was scuttled, Whigham said.
On cross-examination, though, Heard’s lawyers asked whether the “Pirates” deal had already gone south by the time Heard’s article was published. Whigham acknowledged he never had a written deal for Depp to appear in a sixth “Pirates” film.” And while he said “Pirates” producer Jerry Bruckheimer talked favorably throughout 2018 about Depp coming back to the franchise, Disney executives were noncommittal at best.
By early 2019 — weeks after Heard’s op-ed — Whigham said it was clear that Depp’s role in any “Pirates” film was scuttled and that producers were instead looking to move ahead with Margot Robbie in a lead role.
Heard’s lawyers have cited a variety of factors — including reports of heavy drug and alcohol use, a lawsuit by a crew member in July 2018 who says he was punched on set by Depp, and a separate libel lawsuit Depp filed against a British newspaper in 2018 — as things that damaged Depp’s image more than the Post article.
For Depp’s Virginia lawsuit to be successful, he not only needs to show that he was falsely accused, but he also needs to show that the op-ed piece — not Heard’s abuse allegations in 2016 when she filed for divorce and obtained a temporary restraining order — is what caused the damage.
Depp’s lawyers also presented testimony from an intellectual property expert who testified about the negative turn in Depp’s reputation. But his own data, showing trend lines from Google searches, showed negative spikes occurring after the 2016 abuse allegations, but negligible or nonexistent changes after the Post article.
The trial has now entered its fourth week. Much of the testimony during the first three weeks centered on the volatile relationship between Depp and Heard. Depp says he has never struck Heard. Her lawyers said during the trial’s opening statements that she was physically and sexually abused by Depp on multiple occasions.
Heard is expected to testify later this week. | https://www.whas11.com/article/news/entertainment-news/johnny-depps-agent-calls-amber-heard-op-ed-piece-on-abuse-catastrophic/65-b12e4655-8668-4bb9-b265-1276789a3b6a | 2022-05-03T20:52:41Z | https://www.whas11.com/article/news/entertainment-news/johnny-depps-agent-calls-amber-heard-op-ed-piece-on-abuse-catastrophic/65-b12e4655-8668-4bb9-b265-1276789a3b6a | false | 47 |
By Matt de Simone
Buchanan held its Civil War Weekend last weekend at Buchanan Town Park.
Thursday kicked off the weekend’s events when the Botetourt Artillery set up Camp Headquarters at Lowe Street and Boyd Street. A registration check-in station sat under the Covered Pavilion at the park.
On Friday, open registration opened at the Picnic Pavilion on Town Park. Units from across the country arrived throughout the day.
The Botetourt Artillery Camp opened its living history display along the James River, which welcomed the smell of burning campfires and sounds of galloping horses. Later on Friday, units held an artillery demonstration. The night concluded with the showing of 1965’s “Shenandoah” at the Buchanan Theatre.
Saturday started with a breakfast at the historic Wilson Warehouse and the opening ceremonies officially kicking off the weekend’s events. Units lined up to receive their orders in the center of the Town Park.
A Friends of the Library book sale took place at the Carson Memorial Building on Main Street. Various events continued on Saturday and Sunday, highlighted by a reenactment of the Battle of Buchanan at Town Park.
For more information about upcoming events in Buchanan, visit the Town of Buchanan’s Facebook page and page four of The Fincastle Herald every week. | https://fincastleherald.com/buchanans-civil-war-weekend/ | 2022-05-03T20:54:40Z | https://fincastleherald.com/buchanans-civil-war-weekend/ | true | 1 |
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Readers' Choice Awards | https://www.parrysound.com/news-story/10614395--it-was-awful-with-spongy-moth-caterpillars-set-to-re-emerge-barrie-couple-recounts-2021-property/ | 2022-05-03T21:02:19Z | https://www.parrysound.com/news-story/10614395--it-was-awful-with-spongy-moth-caterpillars-set-to-re-emerge-barrie-couple-recounts-2021-property/ | false | null |
'Phoenix Ghost' Headed to Ukraine, Powerful Weapon Quietly Waits Until a Target Appears
A new high-tech weapon is being sent to Ukraine in hopes that all of Russia’s superior numbers will add up to nothing.
A drone called the Phoenix Ghost is being deployed to Ukraine as Russia builds up its forces for what is expected to be a massive onslaught in the Donbas region of eastern Ukraine, according to The San Diego Union-Tribune.
The U.S. is sending 121 drones to Ukraine, the Pentagon announced last month.
The suicide drone is made by Aevex Aerospace of Solana Beach, California.
The report says that many of the physical details and capabilities of the Phoenix Ghost are kept secret for security reasons.
However, the report outlines what makes it distinctive.
“Defense analysts say it appears the Phoenix Ghost will loiter in the sky, quietly looking for targets. Once it finds one, the drone goes into a dive and rams the object, setting off its explosive warhead,” the report said.
“Analysts speculate that it is a comparatively small weapon that could be hard to see against the cloud cover that shrouds much of Ukraine in late April and in May,” the report said.
“We can’t talk about details,” said Brian Raduenz, a former Air Force officer and CEO of Aevex Aerospace, referring to comments made last month by Pentagon spokesman John Kirby.
During an April 21 news conference, Kirby said the drone “had been in development before the invasion, clearly. The Air Force was working this.”
“And in discussions with the Ukrainians, again, about their requirements, we believed that this particular system would very nicely suit their needs, particularly in eastern Ukraine. And so, it was already in development, but we will continue to move that development in ways that are attuned to Ukrainian requirements for unmanned aerial systems of a tactical nature in eastern Ukraine.
“I am just not going to get into great detail about the specifications here. I would just tell you that this unmanned aerial system is designed for tactical operations. In other words, largely and, but not exclusively to attack targets. It, like almost all unmanned aerial systems, of course, has optics. So it can also be used to give you a sight picture of what it’s seeing, of course. But its principal focus is attack,” Kirby continued.
Kirby said that the drone’s “purpose is akin to that of the Switchblade, which we have been talking about in the past, which is basically a one-way drone and attack drone. And that’s essentially what this is designed to do.”
The Switchblade drone, a one-time use unmanned aerial vehicle is a powerful weapon that can dive bomb its targets, such as tanks & artillery nests, at a range of up to 30 miles & is being supplied by the hundreds to Ukraine for use against Russian forces. https://t.co/kkWgcBh4aO pic.twitter.com/5Mm0m10ytm
— CBS Sunday Morning 🌞 (@CBSSunday) May 1, 2022
The Switchblade drone comes in a variety of sizes, from small ones that can be carried in a backpack to larger ones to destroy tanks.
“It’s a one-and-done drone,” said Wahid Nawabi, who runs Aerovironment, the company that makes the Switchblade, according to CBS.
The drone “fits inside this tube,” he said. “At the bottom we have what is known as a gas generator. It pushes the Switchblade out. Once it’s clear of the tube, the wings automatically flip out, and it happens very quickly, just like a switchblade.”
Truth and Accuracy
We are committed to truth and accuracy in all of our journalism. Read our editorial standards. | https://www.westernjournal.com/phoenix-ghost-headed-ukraine-powerful-weapon-quietly-waits-target-appears/?utm_source=facebook&utm_medium=patriottribune&utm_campaign=lminetwork&utm_content=2022-05-03 | 2022-05-03T21:03:01Z | https://www.westernjournal.com/phoenix-ghost-headed-ukraine-powerful-weapon-quietly-waits-target-appears/?utm_source=facebook&utm_medium=patriottribune&utm_campaign=lminetwork&utm_content=2022-05-03 | true | 25 |
Norman Mineta, who as federal transportation secretary ordered commercial flights grounded after the 9/11 terror attacks in 2001, died Tuesday. He was 90.
John Flaherty, Mineta’s former chief of staff, said Mineta died “peacefully at his home surrounded by family” in Edgewater, Maryland.
“His cause of death was a heart ailment,” Flaherty added. “He was an extraordinary public servant and a very dear friend.”
Mineta broke racial barriers in becoming mayor of San Jose. He was also the first Asian American to become a Cabinet secretary, serving under both Democratic President Bill Clinton and Republican George W. Bush.
Copyright AP - Associated Press | https://www.nbcphiladelphia.com/news/national-international/norman-mineta-1st-asian-american-cabinet-secretary-and-former-san-jose-mayor-dies/3227462/ | 2022-05-03T21:09:39Z | https://www.nbcphiladelphia.com/news/national-international/norman-mineta-1st-asian-american-cabinet-secretary-and-former-san-jose-mayor-dies/3227462/ | false | null |
When you buy a domain name at Dan.com, you’re automatically covered by our unique Buyer Protection Program. Read more about how we keep you safe on our Trust and Security page.
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Here’s how it works | https://dan.com/buy-domain/lered.app | 2022-05-03T21:13:57Z | https://dan.com/buy-domain/lered.app | false | 11201 |
You need to enable JavaScript to run this app. | https://sportspyder.com/nhl/washington-capitals/articles/39379764 | 2022-05-03T21:14:21Z | https://sportspyder.com/nhl/washington-capitals/articles/39379764 | true | null |
SOUTH SAN FRANCISCO, Calif. (AP) _ Rigel Pharmaceuticals Inc. (RIGL) on Tuesday reported a loss of $27.4 million in its first quarter.
On a per-share basis, the South San Francisco, California-based company said it had a loss of 16 cents.
The results missed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 12 cents per share.
The drug developer posted revenue of $16.7 million in the period, also missing Street forecasts. Four analysts surveyed by Zacks expected $18.5 million.
_____
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on RIGL at https://www.zacks.com/ap/RIGL | https://www.myjournalcourier.com/business/article/Rigel-Q1-Earnings-Snapshot-17145298.php | 2022-05-03T21:14:31Z | https://www.myjournalcourier.com/business/article/Rigel-Q1-Earnings-Snapshot-17145298.php | false | null |
The draft Supreme Court opinion that would overturn Roe v. Wade sparked a fierce reaction in the political world, with potentially major ramifications for the midterm elections.
Copyright 2022 NPR
The draft Supreme Court opinion that would overturn Roe v. Wade sparked a fierce reaction in the political world, with potentially major ramifications for the midterm elections.
Copyright 2022 NPR | https://www.wunc.org/2022-05-03/how-the-draft-supreme-court-opinion-overturning-roe-v-wade-could-impact-midterms | 2022-05-03T21:19:01Z | https://www.wunc.org/2022-05-03/how-the-draft-supreme-court-opinion-overturning-roe-v-wade-could-impact-midterms | false | null |
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A leaked draft of a U.S. Supreme Court decision suggests the country's highest court could be poised to overturn the constitutional right to abortion, allowing individual states to more heavily regulate or even ban the procedure.
WHAT DOES ‘ROE V. WADE’ REFER TO?
Roe v. Wade is the name of the lawsuit that led to the landmark 1973 U.S. Supreme Court decision establishing a constitutional right to abortion in the United States. The majority opinion found an absolute right to abortion during the first trimester of pregnancy.
WHO WERE ROE AND WADE?
Jane Roe was a pseudonym for Norma McCorvey, who was 22, unmarried, unemployed and pregnant for the third time in 1969 when she sought to have an abortion in Texas. By the time the U.S. Supreme Court ruled in her favor, McCorvey had given birth to a girl whom she placed for adoption.
Henry Wade was the district attorney of Dallas County, Texas. It was his job to enforce a state law prohibiting abortion except to save a woman’s life, so he was the person McCorvey sued when she sought the abortion.
After her death, biographer Joshua Prager said McCorvey made her living giving speeches and writing books on both sides of the abortion debate and was coached by both sides. She had conflicted feelings about each, he said, but was consistent on one point: supporting abortion through the first trimester.
WHAT DID THE COURT DECIDE IN 1973?
The plaintiff alleged that Texas law was unconstitutionally vague and violated her constitutionally protected right to personal privacy. The question before the U.S. Supreme Court was: Does the Constitution recognize a woman’s right to terminate her pregnancy by abortion?
Justice Harry Blackmun delivered the opinion for the 7-2 majority, finding that it did indeed — although that protection had to be balanced against the government’s interests in protecting women’s health and “the potentiality of human life.” The conservative-leaning court said a woman’s decision to have an abortion during the first three months of her pregnancy must be left to her and her doctor.
WHAT WAS THE PRE-ROE LANDSCAPE IN THE U.S.?
At the time of Roe, abortion was broadly legal in just four states and allowed under limited circumstances in 16 others. Constitutional rights trump state laws, so the court's decision nullified the bans in the remaining 30 states. But it did allow states to impose certain regulations during the second trimester to protect the woman’s health and take steps to protect fetal life in the third trimester.
HOW HAVE LATER DECISIONS ALTERED ABORTION RIGHTS IN AMERICA?
Blackmun was still on the court in 1992, when it heard Planned Parenthood v. Casey, a challenge to Pennsylvania abortion laws that included a 24-hour waiting period. The conservative-leaning court unexpectedly upheld the right to abortion —while also making it easier for states to impose regulations.
Three conservative justices — Sandra Day O’Connor, Anthony M. Kennedy and David H. Souter — co-authored the court’s main opinion in the 5-4 decision, writing: "The woman’s right to terminate her pregnancy before viability is the most central principle of Roe vs. Wade. It is a rule of law and a component of liberty we cannot renounce.″
Neither side on the abortion issue was pleased with the ruling. Since then, conservative states have been chipping away at abortion rights with laws that have engendered many more court challenges, including a recent Texas law that bans most abortions after about six weeks.
WHAT IS THIS NEW CASE THAT'S POISED TO TOPPLE ROE?
Dobbs v. Jackson Women’s Health Organization. It challenges Mississippi’s ban on abortion after 15 weeks.
Upholding that ban would undermine both Roe and Casey, which allow states to regulate — but not ban — abortion up until the point of fetal viability, at roughly 24 weeks. The decision, per the draft, would likely result in a patchwork of abortion laws, with some states protecting abortion and others prohibiting it outright. | https://www.myjournalcourier.com/news/article/What-is-Roe-v-Wade-the-landmark-abortion-access-17145152.php | 2022-05-03T21:19:40Z | https://www.myjournalcourier.com/news/article/What-is-Roe-v-Wade-the-landmark-abortion-access-17145152.php | true | 58 |
You Need a D&H Network Partners Exhibitor Presence on the Cloud Comes Down 0 to Your Difference ® – That Special, Existing, Intune – or a Brand and It Must.\nA new trend seems in a constant need to be seen that more exhibitors can gain attention in show market with minimal efforts while offering something to a prospect in one stop. What is Roe v. Wade, the landmark abortion access case?
(AP) - A leaked draft of a U.S. Supreme Court decision suggests the country’s highest court could be poised to overturn the constitutional right to abortion, allowing individual states to more heavily regulate or even ban the procedure.
WHAT DOES ‘ROE V. WADE’ REFER TO?
Roe v. Wade is the name of the lawsuit that led to the landmark 1973 U.S. Supreme Court decision establishing a constitutional right to abortion in the United States. The majority opinion found an absolute right to abortion during the first trimester of pregnancy.
WHO WERE ROE AND WADE?
Jane Roe was a pseudonym for Norma McCorvey, who was 22, unmarried, unemployed and pregnant for the third time in 1969 when she sought to have an abortion in Texas. By the time the U.S. Supreme Court ruled in her favor, McCorvey had given birth to a girl whom she placed for adoption.
Henry Wade was the district attorney of Dallas County, Texas. It was his job to enforce a state law prohibiting abortion except to save a woman’s life, so he was the person McCorvey sued when she sought the abortion.
After her death, biographer Joshua Prager said McCorvey made her living giving speeches and writing books on both sides of the abortion debate and was coached by both sides. She had conflicted feelings about each, he said, but was consistent on one point: supporting abortion through the first trimester.
WHAT DID THE COURT DECIDE IN 1973?
The plaintiff alleged that Texas law was unconstitutionally vague and violated her constitutionally protected right to personal privacy. The question before the U.S. Supreme Court was: Does the Constitution recognize a woman’s right to terminate her pregnancy by abortion?
Justice Harry Blackmun delivered the opinion for the 7-2 majority, finding that it did indeed — although that protection had to be balanced against the government’s interests in protecting women’s health and “the potentiality of human life.” The conservative-leaning court said a woman’s decision to have an abortion during the first three months of her pregnancy must be left to her and her doctor.
WHAT WAS THE PRE-ROE LANDSCAPE IN THE U.S.?
At the time of Roe, abortion was broadly legal in just four states and allowed under limited circumstances in 16 others. Constitutional rights trump state laws, so the court’s decision nullified the bans in the remaining 30 states. But it did allow states to impose certain regulations during the second trimester to protect the woman’s health and take steps to protect fetal life in the third trimester.
HOW HAVE LATER DECISIONS ALTERED ABORTION RIGHTS IN AMERICA?
Blackmun was still on the court in 1992, when it heard Planned Parenthood v. Casey, a challenge to Pennsylvania abortion laws that included a 24-hour waiting period. The conservative-leaning court unexpectedly upheld the right to abortion —while also making it easier for states to impose regulations.
Three conservative justices — Sandra Day O’Connor, Anthony M. Kennedy and David H. Souter — co-authored the court’s main opinion in the 5-4 decision, writing: “The woman’s right to terminate her pregnancy before viability is the most central principle of Roe vs. Wade. It is a rule of law and a component of liberty we cannot renounce.″
Neither side on the abortion issue was pleased with the ruling. Since then, conservative states have been chipping away at abortion rights with laws that have engendered many more court challenges, including a recent Texas law that bans most abortions after about six weeks.
WHAT IS THIS NEW CASE THAT’S POISED TO TOPPLE ROE?
Dobbs v. Jackson Women’s Health Organization. It challenges Mississippi’s ban on abortion after 15 weeks.
Upholding that ban would undermine both Roe and Casey, which allow states to regulate — but not ban — abortion up until the point of fetal viability, at roughly 24 weeks. The decision, per the draft, would likely result in a patchwork of abortion laws, with some states protecting abortion and others prohibiting it outright.
Copyright 2022 The Associated Press. All rights reserved. | https://www.kcrg.com/2022/05/03/what-is-roe-v-wade-landmark-abortion-access-case/ | 2022-05-03T21:25:07Z | https://www.kcrg.com/2022/05/03/what-is-roe-v-wade-landmark-abortion-access-case/ | false | 58 |
WFO SAN FRANCISCO BAY AREA Warnings, Watches and Advisories for Thursday, May 5, 2022
_____
BEACH HAZARDS STATEMENT
Coastal Hazard Message
National Weather Service San Francisco CA
109 PM PDT Tue May 3 2022
...SNEAKER WAVES AND ENHANCED RIP CURRENTS THURSDAY...
.A longer period northwest swell will arrive early Thursday. The
long period swell will result in increased risk of sneaker waves
and strong rip currents. Individuals are advised to remain off of
exposed coastal rocks and jetties if visiting the coast.
...BEACH HAZARDS STATEMENT IN EFFECT FROM THURSDAY MORNING
THROUGH THURSDAY EVENING...
* WHAT...Increased risk of sneaker waves and strong rip currents
along the coast.
* WHERE...San Francisco, Coastal North Bay Including Point Reyes
National Seashore, San Fransisco Peninsula Coast, Northern
Monterey Bay and Southern Monterey Bay and Big Sur Coast.
* WHEN...From Thursday morning through Thursday evening.
* IMPACTS...Energetic surf zone resulting in dangerous swimming
and surfing conditions with localized beach erosion.
* ADDITIONAL DETAILS...Highest risk of sneaker waves and strong
rip currents during the afternoon Thursday.
PRECAUTIONARY/PREPAREDNESS ACTIONS...
Remain out of the water to avoid hazardous swimming conditions.
_____
Copyright 2022 AccuWeather | https://www.thetelegraph.com/weather/article/CA-WFO-SAN-FRANCISCO-BAY-AREA-Warnings-Watches-17145231.php | 2022-05-03T21:31:35Z | https://www.thetelegraph.com/weather/article/CA-WFO-SAN-FRANCISCO-BAY-AREA-Warnings-Watches-17145231.php | true | 31 |
VATICAN CITY (AP) — Pope Francis told an Italian newspaper he had offered to travel to Moscow to meet with President Vladimir Putin to try to end Russia’s war in Ukraine and suggested the invasion might have been provoked by NATO’s eastward expansion.
Francis said he made the offer about three weeks into Russia’s invasion, via the Vatican secretary of state, Cardinal Pietro Parolin, but has yet to hear back.
Francis’ lengthy interview with Corriere della Sera newspaper underscored the Vatican’s complicated policy on Ukraine, where it is caught between denouncing the atrocities while not alienating Russia and its Orthodox Church.
Popes for decades have sought to visit Moscow as part of the longstanding effort to heal relations with the Russian Orthodox Church, which split with Rome more than 1,000 years ago. But an invitation has never been forthcoming.
“Of course, it would be necessary for the leader of the Kremlin to make available some window of opportunity. But we still have not had a response and we are still pushing, even if I fear that Putin cannot and does not want to have this meeting at this moment,” Francis was quoted as saying by Corriere della Sera.
Francis recalled that he spoke in March with the head of the Russian Orthodox Church, Patriarch Kirill, for 40 minutes by videoconference and for the first half “with paper in hand, he read all of the justifications for the war.”
“I listened and told him: ‘I don’t understand any of this. Brother, we are not clerics of the state, we cannot use language of politics, but that of Jesus. For this we need to find the paths of peace, to stop the firing of arms.’”
He added that Kirill “cannot turn into Putin’s altar boy,” a dismissive term used by a top U.S. Ukrainian Greek Catholic archbishop.
Francis has frequently denounced the weapons industry and the announced increases in defense spending by the West in recent weeks. But he has also defended the right of Ukrainians to protect their territory from the Russian invasion, in line with Catholic social doctrine. He told Corriere he felt he was too removed to judge the morality of resupplying the Ukrainian armed forces from the West.
But he also said he was trying to understand why Russia had reacted as it had. Maybe “this barking of NATO at Russia’s door” had prompted it, he was quoted as saying, “An anger that I don’t know if you can say was provoked, but maybe facilitated.”
Francis has given a handful of interviews of late to friendly media emphasizing his call for an end to the war and initiatives to provide humanitarian relief to Ukrainians. He has defended his decision to not call out Putin or Russia publicly, saying popes don’t do so. But he freely named Putin in his remarks to Corriere, and seemed to equate the carnage in Ukraine with the genocide in Rwanda a quarter-century ago.
“Such brutality, how can you not try to to stop it? Twenty-five years ago in Rwanda we saw the same thing,” he was quoted as saying.
___
Follow the AP’s coverage of the war at https://apnews.com/hub/russia-ukraine | https://www.wrbl.com/news/international/pope-offers-to-meet-putin-still-waiting-to-hear-back/ | 2022-05-03T21:32:39Z | https://www.wrbl.com/news/international/pope-offers-to-meet-putin-still-waiting-to-hear-back/ | false | 31 |
YORK, Pa. (WHTM) – A Pennsylvania school board denied a proposal for an After School Satan Club at the end of April. Now it appears the fight may not be over.
Members of a Catholic organization gathered outside Northern High School on Monday to show support for the board of the Northern York County School District after it rejected the proposal.
While the club was proposed by someone who lives in the district, it is part of a national program from The Satanic Temple, which claims to be in the early stages of preparing a lawsuit against the school district.
“They are suing the school to try and get the club in,” said John Ritchie, with the American Society for Defense of Tradition, Family, and Property. “They promote things that are diametrically opposed to the values that America stands for, and at any level, Satan has no rights in America.”
Leaders with The Satanic Temple said the club is not meant to convert children, but to provide a space for kids to explore free thinking.
According to the official website of the club, and in accordance with the Satanic Temple’s tenets, the After School Satan Club’s curriculum involves “no proselytization or religious instruction,” but rather provides activities designed to promote self-education and development.
“Proselytization is not our goal, and we’re not interested in converting children to Satanism,” reads a message on the site. “After School Satan Clubs will focus on free inquiry and rationalism, the scientific basis for which we know what we know about the world around us.
“We prefer to give children an appreciation of the natural wonders surrounding them, not a fear of everlasting other-worldly horrors,” the site reads.
The school board rejected the club in late April with an 8-1 vote in front of a packed auditorium. | https://whnt.com/news/satanic-temple-set-to-sue-school-district-over-rejected-club/ | 2022-05-03T21:35:20Z | https://whnt.com/news/satanic-temple-set-to-sue-school-district-over-rejected-club/ | false | 17 |
In an interview with Apple Music’s Ebro Darden that will be posted in full later Tuesday, Justin Bieber says his next album is nearly finished, and reveals it includes a number of features — including one with none other than John Mayer.
In a clip of the interview posted on Billboard, Justin says he’s “wrapping up” his next album: “It’s almost done. I got a lot of cool features and it should be dropping not too long from now.”
Mentioning John Mayer as one of the features, Justin says he contributes a “wicked guitar solo,” adding, “He’s someone I’ve looked up to for a long time.”
Justin goes on to describe John laying down his solo, adding, “It was mind-blowing to be able to see him operate in his gifting like that…being able to see him first-hand, because he is on another level, like, it’s just insane.”
In the interview, Justin, now 28, also discusses his status as sort of an “elder statesman” of pop, and how it’s important for him to support, as he puts it, “the Kid LAROIs of the world…these young cats.” He says he’s committed to helping up-and-comers “get their music out there, because I know what it’s like to have this vision and want people to hear your music.”
The full interview drops at 3 p.m. ET.
Copyright © 2022, ABC Audio. All rights reserved. | https://www.wrmf.com/justin-bieber-says-john-mayer-contributes-mind-blowing-guitar-to-his-new-album/ | 2022-05-03T21:36:36Z | https://www.wrmf.com/justin-bieber-says-john-mayer-contributes-mind-blowing-guitar-to-his-new-album/ | false | 5 |
SANTA CLARA, Calif., May 3, 2022 /PRNewswire/ -- eHealth, Inc. (Nasdaq: EHTH), a leading private online health insurance marketplace, today announced its financial results for the first quarter ended March 31, 2022. View the full press release in PDF.
The news release and earnings presentation can be accessed on the eHealth Investor Relations website at https://ir.ehealthinsurance.com.
Webcast and Conference Call Information
A webcast and conference call will be held today, Tuesday, May 3, 2022 at 5:00 p.m. Eastern / 2:00 p.m. Pacific Time. The live webcast and supporting presentation slides will be available on the Investor Relations section of eHealth's website at http://ir.ehealthinsurance.com. Individuals interested in listening to the conference call may do so by dialing (877) 930-8066 for domestic callers and (253) 336-8042 for international callers. The participant passcode is 3371197. A telephone replay will be available two hours following the conclusion of the call for a period of seven days and can be accessed by dialing (855) 859-2056 for domestic callers and (404) 537-3406 for international callers. The call ID for the replay is 3371197. The live and archived webcast of the call will also be available on eHealth's website at http://www.ehealthinsurance.com under the Investor Relations section.
About eHealth, Inc.
eHealth, Inc. (NASDAQ: EHTH) operates a leading health insurance marketplace at eHealth.com and eHealthMedicare.com with technology that provides consumers with health insurance enrollment solutions. Since 1997, we have connected more than 8 million members with quality, affordable health insurance, Medicare options, and ancillary plans. Our proprietary marketplace offers Medicare Advantage, Medicare Supplement, Medicare Part D prescription drug, individual, family, small business and other plans from approximately 200 health insurance carriers across fifty states and the District of Columbia.
Investor Relations Contact:
Kate Sidorovich, CFA
Senior Vice President, Investor Relations & Strategy
650-210-3111
Kate.sidorovich@ehealth.com
View original content:
SOURCE eHealth, Inc. | https://www.14news.com/prnewswire/2022/05/03/ehealth-inc-announces-first-quarter-2022-results/ | 2022-05-03T21:38:08Z | https://www.14news.com/prnewswire/2022/05/03/ehealth-inc-announces-first-quarter-2022-results/ | false | 19 |
SPARTANBURG, S.C. (AP) _ Denny's Corp. (DENN) on Tuesday reported first-quarter earnings of $21.9 million.
The Spartanburg, South Carolina-based company said it had profit of 34 cents per share. Earnings, adjusted for non-recurring gains, were 11 cents per share.
The results fell short of Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 13 cents per share.
The restaurant operator posted revenue of $103.1 million in the period, exceeding Street forecasts. Five analysts surveyed by Zacks expected $102.2 million.
_____
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on DENN at https://www.zacks.com/ap/DENN | https://www.manisteenews.com/business/article/Denny-s-Q1-Earnings-Snapshot-17145420.php | 2022-05-03T21:43:11Z | https://www.manisteenews.com/business/article/Denny-s-Q1-Earnings-Snapshot-17145420.php | false | null |
A new report details the economic, mental and physical health of healthcare workers. Much of the workforce is struggling with symptoms of burnout, anxiety and trauma and want to leave the profession.
Copyright 2022 NPR
A new report details the economic, mental and physical health of healthcare workers. Much of the workforce is struggling with symptoms of burnout, anxiety and trauma and want to leave the profession.
Copyright 2022 NPR | https://wusfnews.wusf.usf.edu/2022-05-03/new-report-reveals-covids-toll-on-the-mental-health-of-frontline-doctors-and-nurses | 2022-05-03T21:44:17Z | https://wusfnews.wusf.usf.edu/2022-05-03/new-report-reveals-covids-toll-on-the-mental-health-of-frontline-doctors-and-nurses | false | null |
BABIES BLOOM: 100 BOOKS BEFORE ONE
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Work together to solve issues, achieve progress, Yadavs told
Yadava Atma Gaurava Sabha organised by the Akhil Bhartiya Yadav Mahasabha, Telangana unit, and the Yadav intellectuals Forum
Hyderabad: Leaders of various political parties have called upon the Yadavs, who form 18 per cent of population of Telangana, to work together to solve their problems and progress towards development.
The Yadava Atma Gaurava Sabha was organised by the Akhil Bhartiya Yadav Mahasabha, Telangana unit, and the Yadav intellectuals Forum at Nagole on Tuesday. Yadavs from across the State attended.
Addressing the gathering, Union Minister for State for Home Affairs Nityanand Rai said Lord Krishna was on the side of the Pandavas because there was 'dharma' and justice was with the Pandavas. He called upon the Yadavs to follow the footsteps of Lord Krishna and stand by the cause of dharma for the country and society.
"Every Yadav intellectual should adopt a poor student and ensure development of the student which would have a good result", Rai said. He called upon the Yadavs to save 'Gomata' and move forward to protect dharma. He said the Yadav community should move forward with unity for the welfare of the world.
Animal Husbandry Minister Talasani Srinivas Yadav said Yadavs have a rich history in the country. He was happy to know that a hostel building for Yadav students was getting ready. Stating that Yadavs were like successors of Lord Krishna in every political party, he asked the community to take forward the State government programmes.
He said Chief Minister K Chandrashekar Rao was giving top priority to welfare of Yadavs and was promoting them politically, while calling upon the community to unite by organising 'Janmashtami' and Sadar festivals.
AICC OBC wing chairman Captain Ajay Singh Yadav said power would come to Yadavs if they are united. Chalakani Venkat Yadav, coordinator of the Yadav Intellectuals' Forum, who presided, said Yadavs in the State would fight uncompromisingly for their share of the population.
Rajya Sabha member B Lingaya Yadav, Osmania University Vice-Chancellor Prof Ravinder Yadav, All-India Yadav Mahasabha Telangana president Baddhula Baburao Yadav, national general secretary R Laxman Yadav, State executive president Chinthala Rabindranath Yadav, MLAs Jaipal Yadav and Anjayya Yadav were present. | https://www.thehansindia.com/news/cities/hyderabad/work-together-to-solve-issues-achieve-progress-yadavs-told-740970 | 2022-05-03T21:46:53Z | https://www.thehansindia.com/news/cities/hyderabad/work-together-to-solve-issues-achieve-progress-yadavs-told-740970 | false | 1 |
ST. PAUL, Minn. (AP) — Minnesota could become a destination for abortion services for women from other states if the U.S. Supreme Court throws out the landmark Roe v. Wade decision, and the state's abortion providers said Tuesday that they're preparing for the anticipated surge.
That's because abortion would remain legal, at least for now, under a 1995 Minnesota Supreme Court ruling known as Doe v. Gomez, which effectively established a right to abortion under the state constitution, said Laura Hermer, a professor at the Mitchell Hamline School of Law.
Minnesota has some significant restrictions in place, including a 24-hour waiting period, a requirement that minors notify both parents before they can get an abortion, and a requirement that only doctors can perform abortions. But a lawsuit by abortion rights advocates that’s due to go to trial next month seeks to remove those barriers. Hermer said it stands a good chance of success.
Minnesota’ abortion providers are concerned about meeting demand from nonresidents. But Sarah Stoesz, president and CEO of Planned Parenthood North Central States, said her organization has been “fortifying” its delivery systems, including telemedicine, in preparation.
"It is important to underscore that an abortion ban is not an abortion ban for all people,” Stoesz said at a news conference. “It is only an abortion ban for those who lack the means to travel to a state where abortion is safe and accessible. And that is one of the true moral outrages of this situation.”
Stoesz's unit of Planned Parenthood also includes the Dakotas, Iowa and Nebraska. Abortion is expected to become illegal immediately in the Dakotas if Roe v. Wade is overturned. Meeting the demand will pose a staffing challenge in the short term in states where it remains legal because so many health care workers have quit due to the pandemic, she said.
Dr. Sarah Traxler, the group's medical director, said demand in Minnesota is expected to rise by up to 25%, depending on exactly what the high court rules and what happens in states such as Iowa, Kansas and Nebraska.
Whole Women's Health of Minnesota recently opened a clinic in Bloomington, near the airport. Around 30% of its patients are already from out of state, some from as far away as Texas, said Sean Mehl, associate director of clinical services.
Democratic Gov. Tim Walz vowed in an email to supporters Tuesday that “no abortion ban will ever become law” as long as he's governor. His major GOP challengers all support a ban.
“Governor Walz has said he’s going to veto anything we do. The election this fall is crystal clear. A Republican is going to be pro-life and Walz is not," said Scott Fischbach, executive director of Minnesota Citizens Concerned for Life.
Minnesota governors also appoint judges, Fischbach noted. Five of the seven justices on the Minnesota Supreme Court were appointed by Democratic governors.
Abortion also will be important in certain legislative races. Fischbach said there's an anti-abortion majority in the GOP-controlled state Senate but that “it's very tight” in the Democratic-controlled House.
On the House floor Tuesday, two anti-abortion amendments offered during a debate over a health and human services bill very narrowly failed on procedural votes. Too few members were willing to overrule the speaker's decision that the amendments were out of order. | https://www.newstimes.com/news/article/Minnesota-prepares-to-be-abortion-destination-if-17145357.php | 2022-05-03T21:47:03Z | https://www.newstimes.com/news/article/Minnesota-prepares-to-be-abortion-destination-if-17145357.php | true | 17 |
- Revenue of $104.1 million was down 5.7% sequentially and down 15.4% year-over-year (YoY). The decrease was mainly due to a 29.3% sequential decline in Display solutions revenue as a result of continued severe supply shortage of 28nm 12" OLED wafers, partially offset by record revenue in our Power solutions business, which was up 11.4% sequentially and 20.0% YoY on strong demand in premium products.
- Gross profit margin was 37.5%, up 250 basis points from Q4 and up over 960 basis points from Q1 a year ago. The YoY increase was primarily attributable to an improved product mix, combined with an increase in average selling price under a favorable pricing environment. Sequentially, Q1 benefited by approximately 200 basis points from the timing mismatch of lower cost 12" wafers purchased in a prior period and sold in Q1.
- GAAP diluted earnings per share (EPS) was $0.20.
- Non-GAAP diluted EPS was $0.28.
SEOUL, South Korea, May 3, 2022 /PRNewswire/ -- Magnachip Semiconductor Corporation (NYSE: MX) ("Magnachip" or the "Company") today announced financial results for the first quarter of 2022.
Commenting on the results for the first quarter of 2022, YJ Kim, Magnachip's chief executive officer stated, "In Q1, we reported revenue of $104.1 million and non-GAAP EPS of 28 cents, which was an increase of 27% year-over-year bolstered by a strong gross profit margin. As expected, OLED revenue remained severely impacted by the shortage of 28nm 12-inch wafer supply; however, this impact was somewhat offset by strength in our Power solutions business, which achieved yet another record quarterly revenue."
YJ Kim continued, "Looking forward, the ongoing lockdowns in China has added new challenges to an already stressed supply chain. Despite the current macro issues, which may limit our near-term growth, our recent design tractions with an existing OLED customer, broadening customer base, and new wafer capacity later this year give us confidence and optimism about our long-term growth."
Q2 2022 Financial Guidance
Our near-term outlook is still being challenged by persisting supply constraints, especially for 28nm 12" wafers. While actual results may vary, looking into the next quarter, Magnachip currently expects:
- Revenue to be in the range of $100 million to $105 million, including about $9.5 million of Transitional Fab 3 Foundry Services.
- Gross profit margin to be in the range of 33% to 35%.
Q1 2022 Earnings Conference Call
Magnachip will host a corresponding conference call at 2:00 p.m. PT / 5:00 p.m. ET on May 3, 2022 to discuss its financial results. The conference call will be webcast live and also is available by dialing toll-free at 1-844-536-5472 in US/Canada. International call-in participants can dial 1-614-999-9318. The conference ID number is 2619959. Participants are encouraged to initiate their calls at least 10 minutes in advance of the start time to ensure a timely connection. A live and archived webcast of the conference call and a copy of earnings release will be accessible from the 'Investors' section of the company's website at www.magnachip.com. A replay of the conference call will be available until 8:00 p.m. ET on May 10, 2022. The replay dial-in numbers are 1-404-537-3406 or toll-free at 1-855-859-2056. The conference ID number is 2619959.
Safe Harbor for Forward-Looking Statements
Information in this release regarding Magnachip's forecasts, business outlook, expectations and beliefs are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 that involve risks and uncertainties. These statements include expectations about estimated historical or future operating results and financial performance, outlook and business plans, including second quarter 2022 revenue and gross profit margin expectations, and the impact of the COVID-19 pandemic or the emergence of various variants of the virus, escalated trade tensions and supply constraints on Magnachip's second quarter 2022 and future operating results. All forward-looking statements included in this release are based upon information available to Magnachip as of the date of this release, which may change, and we assume no obligation to update any such forward-looking statements. These statements are not guarantees of future performance and actual results could differ materially from our current expectations. Factors that could cause or contribute to such differences include, among others: the impact of changes in macroeconomic and/or general economic conditions, including those caused by or related to the COVID-19 pandemic or the emergence of various variants of the virus and governmental lock-downs or other measures implemented in response thereto, other outbreaks of disease, the Russia-Ukraine crisis, recessions, economic instability or civil unrest; manufacturing capacity constraints or supply chain disruptions that may impact our ability to deliver our products or affect the price of components, which may lead to an increase in our costs, as well as impacting demand for our products from customers who are similarly affected by such capacity constraints or disruptions; the impact of competitive products and pricing; timely design acceptance by our customers; timely introduction of new products and technologies; ability to ramp new products into volume production; industry wide shifts in supply and demand for semiconductor products; industry and/or company overcapacity or supply constraints; effective and cost efficient utilization of manufacturing capacity; financial stability in foreign markets and the impact of foreign exchange rates; unanticipated costs and expenses or the inability to identify expenses which can be eliminated; compliance with U.S. and international trade and export laws and regulations by us, our customers and our distributors, including those related to the Russia-Ukraine crisis; change or ratification of local or international laws and regulations, including those related to environment, health and safety; public health issues, including the COVID-19 pandemic or the emergence of various variants of the virus; other business interruptions that could disrupt supply or delivery of, or demand for, Magnachip's products, including uncertainties regarding the impacts of the COVID-19 pandemic or the emergence of various variants of the virus that may result in factory closures, reduced workforces, scarcity of raw materials and goods produced in infected areas, as well as reduced consumer and business spending affecting demand for Magnachip's products due to government and private sector mandatory business closures, travel restrictions or the like to prevent the spread of disease; and other risks detailed from time to time in Magnachip's filings with the U.S. Securities and Exchange Commission (the "SEC"), including our Form 10-K filed on February 23, 2022 (including that the impact of the COVID-19 pandemic or the emergence of various variants of the virus, trade tensions and supply constraints may also exacerbate the risks discussed therein) and subsequent registration statements, amendments or other reports that we may file from time to time with the SEC and/or make available on our website. Magnachip assumes no obligation and does not intend to update the forward-looking statements provided, whether as a result of new information, future events or otherwise.
About Magnachip Semiconductor
Magnachip is a designer and manufacturer of analog and mixed-signal semiconductor platform solutions for communications, IoT, consumer, computing, industrial and automotive applications. The Company provides a broad range of standard products to customers worldwide. Magnachip, with more than 40 years of operating history, owns a portfolio of approximately 1,150 registered patents and pending applications, and has extensive engineering, design and manufacturing process expertise. For more information, please visit www.magnachip.com. Information on or accessible through Magnachip's website is not a part of, and is not incorporated into, this release.
CONTACTS:
Yujia Zhai
The Blueshirt Group
Tel. (860) 214-0809
Yujia@blueshirtgroup.com
We present Adjusted Operating Income as a supplemental measure of our performance. We define Adjusted Operating Income for the periods indicated as operating income (loss) adjusted to exclude (i) Equity-based compensation expense, (ii) Inventory reserve related to Huawei impact of downstream trade restrictions, (iii) Merger-related costs (income), net and (iv) Other charges, net.
For the three months ended December 31, 2021, we recorded in our consolidated statement of operations net gain of $49,369 thousand that represented income of $70,200 thousand from the recognition of a reverse termination fee, net of professional service fees and expenses of $20,831 thousand incurred in connection with the contemplated merger transaction of the Company that was terminated in December 2021. For the same period, we also recorded $1,419 thousand gain on sale of certain legacy equipment of the closed back-end line in our fabrication facility in Gumi (which was closed during the year ended December 31, 2018), partially offset by $70 thousand of non-recurring expenses incurred in connection with the regulatory requests.
For the three months ended March 31, 2021, we recorded $9,831 thousand non-recurring professional service fees and expenses incurred in connection with the contemplated merger transaction. For the same period, we also recorded $585 thousand non-recurring professional service fees and expenses incurred in connection with the regulatory requests.
We present Adjusted EBITDA and Adjusted Net Income as supplemental measures of our performance. We define Adjusted EBITDA for the periods indicated as EBITDA (as defined below), adjusted to exclude (i) Equity-based compensation expense, (ii) Foreign currency loss (gain), net, (iii) Derivative valuation loss (gain), net, (iv) Inventory reserve related to Huawei impact of downstream trade restrictions, (v) Merger-related costs (income), net and (vi) Other charges, net. EBITDA for the periods indicated is defined as net income (loss) before interest expense (income), net, income tax expense and depreciation and amortization.
We prepare Adjusted Net Income by adjusting net income (loss) to eliminate the impact of a number of non-cash expenses and other items that may be either one time or recurring that we do not consider to be indicative of our core ongoing operating performance. We believe that Adjusted Net Income is particularly useful because it reflects the impact of our asset base and capital structure on our operating performance. We define Adjusted Net Income for the periods as net income (loss), adjusted to exclude (i) Equity-based compensation expense, (ii) Foreign currency loss (gain), net, (iii) Derivative valuation loss (gain), net, (iv) Inventory reserve related to Huawei impact of downstream trade restrictions, (v) Merger-related costs (income), net, (vi) Other charges, net, (vii) GAAP and cash tax expense difference and (viii) Income tax effect on non-GAAP adjustments.
For the three months ended December 31, 2021, we recorded in our consolidated statement of operations net gain of $49,369 thousand that represented income of $70,200 thousand from the recognition of a reverse termination fee, net of professional service fees and expenses of $20,831 thousand incurred in connection with the contemplated merger transaction of the Company that was terminated in December 2021. For the same period, we also recorded $1,419 thousand gain on sale of certain legacy equipment of the closed back-end line in our fabrication facility in Gumi (which was closed during the year ended December 31, 2018), partially offset by $70 thousand of non-recurring expenses incurred in connection with the regulatory requests.
For the three months ended March 31, 2021, we recorded $9,831 thousand non-recurring professional service fees and expenses incurred in connection with the contemplated merger transaction. For the same period, we also recorded $585 thousand non-recurring professional service fees and expenses incurred in connection with the regulatory requests.
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SOURCE Magnachip Semiconductor Corporation | https://www.kcbd.com/prnewswire/2022/05/03/magnachip-reports-results-first-quarter-2022/ | 2022-05-03T21:48:41Z | https://www.kcbd.com/prnewswire/2022/05/03/magnachip-reports-results-first-quarter-2022/ | false | 11 |
NEW YORK, May 3, 2022 /PRNewswire/ -- Leading national accounting and advisory firms Marcum LLP ("Marcum") and Friedman LLP ("Friedman") today announced that they are in advanced discussions related to a proposed transaction in which Friedman will merge into Marcum, resulting in a national top-12 firm with approximately $1 billion in annual revenue and more than 3,400 associates.
The merger of Marcum (ranked No. 15 by Accounting Today) and Friedman (ranked No. 33) is anticipated to close in the summer of 2022. The transaction will combine two well-regarded national firms with a shared emphasis on superior service, outstanding talent, industry specialization, and a focus on meeting clients' needs in a rapidly evolving business landscape. The combination will:
- Deepen the firms' capabilities in key service areas, including public company audit and assurance, digital assets, cybersecurity, real estate, construction, and other advisory services. It will be one of the largest firms serving Chinese companies listed on the U.S. stock markets.
- Give Friedman clients access to expanded services, including strategic information technology consulting and wealth management.
- Combine the best of two employee-centric cultures with a continued commitment to diversity, equity and inclusion; learning and development; and work/life balance.
- Enable the Firm to enhance and scale investment in technology, talent, and innovation.
The combined firm will operate under the Marcum brand and continue to be headquartered in New York City, with offices throughout the continental United States, China, Ireland, and Grand Cayman.
"Marcum and Friedman share common roots in the New York area, extensive histories of exceptional client service, similar employee-oriented cultures, and a commitment to leading in emerging growth areas in our profession. We view this transaction as a very natural fit and are excited about our shared future together," said Jeffrey M. Weiner, chairman and chief executive officer of Marcum, who will maintain both leadership roles once the proposed transaction is completed.
"Friedman has experienced record growth, hiring, and revenues over the past two years, giving us a position of strength from which to consider our next strategic move. After extensive discussions, it became clear to us that combining our resources with Marcum would be in the best interests of our clients, partners, and employees," added Frederick R. Berk, co-managing partner of Friedman.
"Friedman has been fortunate during its history to grow through selective mergers, the addition and retention of great clients, and the thoughtful contributions of employees at every level of our firm. Joining with Marcum is the next logical step in that evolution. Our complementary practices and entrepreneurial mindsets form a powerful foundation for long-term strategic growth," said Harriet Greenberg, co-managing partner of Friedman.
About Marcum LLP
Marcum LLP is a top-ranked national accounting and advisory firm dedicated to helping entrepreneurial, middle-market companies and high net worth individuals achieve their goals. Marcum's industry-focused practices offer deep insight and specialized services to privately held and publicly registered companies, and nonprofit and social sector organizations. Through the Marcum Group, the Firm also provides a full complement of technology, wealth management, and executive search and staffing services. Headquartered in New York City, Marcum has offices in major business markets across the U.S. and select international locations. #AskMarcum. Visit www.marcumllp.com for more information about how Marcum can help.
About Friedman LLP
Friedman LLP has been serving the accounting, tax and business consulting needs of public and private companies since 1924. Our industry-focused practice features concentrated areas of expertise and a thorough understanding of the economic environment. We have the ability to be innovative in our approach, act quickly in our decision making and be flexible in our delivery of services. Our clients benefit from hands-on contact with our partners, cutting-edge technical expertise and our understanding of their industries and their businesses. As a mid-size firm, we combine the staff and resources of a large firm with a philosophy of personal responsibility for our clients. Friedman is headquartered in Manhattan and has locations throughout New Jersey and Long Island, as well as in Philadelphia, Los Angeles, Miami and China.
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SOURCE Marcum LLP | https://www.kcbd.com/prnewswire/2022/05/03/marcum-llp-friedman-llp-announce-plans-merge/ | 2022-05-03T21:48:54Z | https://www.kcbd.com/prnewswire/2022/05/03/marcum-llp-friedman-llp-announce-plans-merge/ | false | 11 |
LOUISVILLE, Ky. (WDRB) -- Dog Days are returning to the Kentucky Science Center.
Later this month, kids can learn about how dogs and other animals improve lives of others.
Animals and the people who train them will be on hand to help teach the kids. The event runs from 10 a.m. to 2 p.m. on Friday, May 13, and Saturday, May 14.
Dog Days is free to attend with purchase of a ticket to the Science Center.
Advance tickets are available online.
Copyright 2022 WDRB Media. All Rights Reserved. | https://www.wdrb.com/community/dog-days-at-the-kentucky-science-center-set-to-return/article_f09dd4e4-cb12-11ec-8931-4bd5ca8d6bea.html | 2022-05-03T21:48:56Z | https://www.wdrb.com/community/dog-days-at-the-kentucky-science-center-set-to-return/article_f09dd4e4-cb12-11ec-8931-4bd5ca8d6bea.html | true | null |
SAN DIEGO (AP) _ TuSimple Holdings Inc. (TSP) on Tuesday reported a loss of $111.9 million in its first quarter.
On a per-share basis, the San Diego-based company said it had a loss of 50 cents.
The results beat Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for a loss of 57 cents per share.
The self-driving technology company posted revenue of $2.3 million in the period, falling short of Street forecasts. Five analysts surveyed by Zacks expected $3.7 million.
_____
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on TSP at https://www.zacks.com/ap/TSP | https://www.lmtonline.com/business/article/TuSimple-Q1-Earnings-Snapshot-17145448.php | 2022-05-03T21:54:41Z | https://www.lmtonline.com/business/article/TuSimple-Q1-Earnings-Snapshot-17145448.php | true | null |
YOUNGSTOWN. Ohio (WKBN) – The Youngstown Phantoms selected 30 new players in the 2022-23 USHL Draft this week.
The USHL Draft is completed in two “Phases.” The first of which is made up of “futures” age players, who will be under-17 players for the next season. Phase II is for players of all ages eligible to play junior hockey and are not currently on one of the protected USHL rosters.
During Monday’s Phase I Draft the Phantoms added:
- Round 1 / Pick 9 – Tory Pitner, South Kent Selects Academy 15’s
- Round 2 / Pick 20 – Grant Young, Windy City Storms 15’s
- Round 2 / Pick 24 – Finn McLaughlin, Windy City Storms 15’s
- Round 3 / Pick 36 – Andrew DellaSalla, Brunswick School Bruins
- Round 3 / Pick 43 – Landon Stringfellow, Andover HS Huskies
- Round 3 / Pick 44 – Ryan Rucinski, Cleveland Barons 15’s
- Round 4 / Pick 50 – Luke Osborn, Detroit Compuware 15’s
- Round 5 / Pick 68 – Evan Sofikitis, Detroit Little Caesars 15’s
- Round 5 / Pick 69 – Brecken Smith, Detroit Little Caesars 15’s
- Round 6 / Pick 84 – Diego Buttazzoni, BWC Academy U18 Prep
During Tuesday’s Phase II Draft the Phantoms added:
- Round 1 / Pick 2 – Matthew Perkins, Humboldt Broncos
- Round 1 / Pick 9 – James Fisher, Belmont Hill School Sextants
- Round 3 / Pick 39 – Daniil Dolzhenko, Minnesota Magicians
- Round 3 / Pick 43 – Filip Nordberg, Sodertalje SK Jr.
- Round 4 / Pick 51 – Weston Knox, Andover HS Huskies
- Round 4 / Pick 55 – Hunter Bischoff, Achorage Wolverines
- Round 4 / Pick 56 – Vann Yuhas, Drumheller Dragons
- Round 4 / Pick 60 – Colin Winn, Boston Junior Bruins
- Round 5 / Pick 72 – Sam Ranallo, Rogers HS Royals
- Round 6 / Pick 78 – Adyn Merrick, Detroit Little Caesars 16U
- Round 6 / Pick 82 – Conner De Haro, Fox Motors HC 16U
- Round 8 / Pick 109 – Branden Piku, Maryland Black Bears
- Round 9 / Pick 132 – Blake Bechen, Fox Motors HC 16U
- Round 10 / Pick 147 – Cal Huston, Pittsburgh Penguins Elite 16U
- Round 11 / Pick 162 – Tyson Dyck, Cranbrook Bucks
- Round 12 / Pick 177 – Sean Kilcullen, Maryland Black Bears
- Round 13 / Pick 192 – Liam Storch, Detroit Little Caesars 15’s
- Round 14 / Pick 207 – Hunter Price, Drayton Valley Thunder
- Round 15 / Pick 222 – Brian Morse, NorthStar Christian Academy Knights 18U
- Round 16 / Pick 237 – Easton Jacobs, Detroit Little Caesars 15’s
Each USHL team drafts until its 45-man roster is full. That roster is trimmed before the next season begins to 23 players, along with an 18-man affiliate list. | https://www.wkbn.com/sports/welcome-to-the-phamily-youngstown-phantoms-draft-30-new-players/ | 2022-05-03T21:55:39Z | https://www.wkbn.com/sports/welcome-to-the-phamily-youngstown-phantoms-draft-30-new-players/ | false | 1 |
Concerns about inflation and how the Fed and other central banks will combat it are putting downward pressure on grain markets, according to Jack Scoville of Price Futures Group.
The ag minister of Germany stated he believes that Russia is targeting Ukraine’s grain infrastructure to eliminate them as an export competitor, according to Total Farm Marketing. | https://www.agupdate.com/iowafarmertoday/mwo/crop/inflation-pushing-down-grain-markets/article_96526f28-cb20-11ec-acde-1b612bbcd0b3.html | 2022-05-03T21:56:49Z | https://www.agupdate.com/iowafarmertoday/mwo/crop/inflation-pushing-down-grain-markets/article_96526f28-cb20-11ec-acde-1b612bbcd0b3.html | false | null |
Through May 2
Copyright © 2022 . All rights reserved. This website is not intended for users located within the European Economic Area. | https://federalnewsnetwork.com/sports-news/2022/05/pga-tour-fedex-cup-leaders-133/ | 2022-05-03T21:56:49Z | https://federalnewsnetwork.com/sports-news/2022/05/pga-tour-fedex-cup-leaders-133/ | true | null |
WESTFORD, Mass. (AP) _ Kadant Inc. (KAI) on Tuesday reported first-quarter net income of $41.2 million.
The Westford, Massachusetts-based company said it had profit of $3.53 per share. Earnings, adjusted for non-recurring gains, came to $2.28 per share.
The results topped Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $2.08 per share.
The equipment supplier for the papermaking and paper recycling industries posted revenue of $226.5 million in the period, also exceeding Street forecasts. Three analysts surveyed by Zacks expected $214.6 million.
For the current quarter ending in July, Kadant said it expects revenue in the range of $215 million to $220 million.
The company expects full-year earnings in the range of $8.80 to $9 per share, with revenue ranging from $885 million to $905 million.
_____
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on KAI at https://www.zacks.com/ap/KAI | https://www.chron.com/business/article/Kadant-Q1-Earnings-Snapshot-17145595.php | 2022-05-03T21:57:55Z | https://www.chron.com/business/article/Kadant-Q1-Earnings-Snapshot-17145595.php | true | 19 |
Across the U.S., abortion-rights supporters are amassing resources and planning next steps following the draft Supreme Court decision. More than 20 states have passed or are set to pass abortion bans.
Copyright 2022 NPR
Across the U.S., abortion-rights supporters are amassing resources and planning next steps following the draft Supreme Court decision. More than 20 states have passed or are set to pass abortion bans.
Copyright 2022 NPR | https://www.nprillinois.org/2022-05-03/abortion-rights-advocates-and-opponents-react-to-possibility-of-abortion-restrictions | 2022-05-03T21:58:24Z | https://www.nprillinois.org/2022-05-03/abortion-rights-advocates-and-opponents-react-to-possibility-of-abortion-restrictions | true | null |
Planet Fitness is letting Florida high school students work out for free this summer
Planet Fitness will be opening its doors to teenagers all across Pensacola with its High School Summer Pass program.
The High School Summer Program allows teens ages 14 to 19 to work out for free at any of its Florida locations from May 16 to Aug. 31.
The first-of-its-kind program, originally called Teen Summer Challenge, launched in 2019 and saw more than 900,000 teens sign up and complete more than 5.5 million workouts over a three-and-a-half-month period.
'Amateur' chorus:Pensacola's 'amateur' chorus members do it for love. It's what makes them so successful
Affordable housing trust?:Is it time for an affordable housing trust fund in Escambia? This group says yes.
Planet Fitness conducted a national study that found that 93% of American teens want to stay healthy and active over the summer months, but many lack motivation or access to do so. According to the Journal of the American Medical Association Network Open, less than 15% of teens met the 60-minute daily physical activity recommendation during the pandemic.
To help further motivate high schoolers, all participants who sign up starting May 16 are automatically entered into the Planet Fitness High School Summer Pass Sweepstakes. Planet Fitness will award one $500 scholarship in each state (and the District of Columbia) and one grand prize $5,000 scholarship at the end of the summer which can be used for academic, athletic and other programs.
High school participants will additionally have access to certified trainers at Planet Fitness who have designed 15 trainer-led workout videos and 10 downloadable workouts — encompassing cardio, strength, toning and sports circuits.
For more information on High School Summer Pass, including how to sign up for the free membership at any Planet Fitness location in the Pensacola area, visit PlanetFitness.com/SummerPass. | https://www.pnj.com/story/news/local/community/2022/05/03/planet-fitness-launching-high-school-summer-pass-program-may-16/9620076002/ | 2022-05-03T22:00:39Z | https://www.pnj.com/story/news/local/community/2022/05/03/planet-fitness-launching-high-school-summer-pass-program-may-16/9620076002/ | true | 1 |
Eid-ul-Fitr marks the end of the holy month of Ramadan, a month when Muslims across the world hold fast from dawn to dusk. To mark the special occasion, several Bollywood celebrities including Akshay Kumar, Amitabh Bachchan, Shahid Kapoor, Priyanka Chopra, Ajay Devgn, Rakul Preet Singh, Shilpa Shetty, Raveena Tandon, and Huma Qureshi among others took to their respective social media handles and wished their fans and followers. They even shared glimpses of their celebrations with friends and family. Shah Rukh Khan and Salman Khan greeted thousands of fans from their balconies and their pictures quickly went viral on the internet. This year, Salman Khan handed over the Eid party duties to his sister Arpita Khan and brother-in-law Aayush Sharma. To make the occasion special, Arpita and Aayush invited some of the prominent personalities. Salman Khan, Kiara Advani, Sidharth Malhotra, Shanaya Kapoor, Sanjay Kapoor, Karisma Kapoor, Karan Johar, Manish Malhotra, Tushar Kapoor, Neha Dhupia, Angad Bedi, and many others were seen gracing the occasion. Alvira Khan Agnihotri and her husband Atul Agnihotri were also seen making their way to the party. Here’s a round-up of this year’s Eid celebrations.
Photo Credit : Salman Khan Instagram
Salman Khan arrived to attend the Eid bash at his sister's house. He looked handsome in a black shirt and blue denim.
Photo Credit : Viral Bhayani
Salman’s sister Arpita threw a star-studded bash at her residence and invited top stars from Bollywood.
Soha Ali Khan and Kunal Kemmu twinned in light green outfits as they celebrated Eid.
Photo Credit : Soha Ali Khan Instagram
Rakul Preet Singh donned an ethnic attire on Eid. She penned a beautiful wish for her fans, “Eid Mubarak. Wishing you lots of love, peace and prosperity".
Photo Credit : Rakul Preet Singh Instagram
Aamir Khan's daughter Ira Khan celebrated Eid with Imran Khan and her boyfriend Nupur Shikhare.
Photo Credit : Ira Khan Instagram
Kareena Kapoor Khan and Saif Ali Khan marked the occasion of Eid with their family. "Eid Mubarak from the family that is always trying to take the perfect picture …but never has!!!,” wrote Kareena while sharing a glimpse.
Photo Credit : Kareena Kapoor Instagram
Ranveer Singh and Deepika Padukone joined other celebrities at Arpita’s Eid bash. They made a sparkling entry at the bash.
Riteish Deshmukh and his wife Genelia Deshmukh arrived at Arpita-Aayush’s Eid bash. The couple donned ethnic attires for the evening.
After three years, SRK appeared on Mannat’s balcony to greet his fans on the special occasion.
Photo Credit : Shah Rukh Khan Instagram
Pinkvilla works better if you switch to our app | https://www.pinkvilla.com/photos/salman-khan/eid-2022-round-salman-khan-saif-ali-khan-look-how-b-town-actors-celebrated-festival-1081750 | 2022-05-03T22:01:07Z | https://www.pinkvilla.com/photos/salman-khan/eid-2022-round-salman-khan-saif-ali-khan-look-how-b-town-actors-celebrated-festival-1081750 | true | 1 |
I’m not worried about Daniel Craig & Ruth Negga, are you? [LaineyGossip]
The most controversial Met Gala moments ever! Solange-in-the-elevator happened after the Met Gala though. [Just Jared]
Rest in peace, Naomi Judd. [Dlisted]
The Walking Dead has a toxic fandom? [Pajiba]
Met Gala blind item… sounds like Ben Affleck? [Gawker]
Lots of drip at the NFL Draft this year. [Go Fug Yourself]
Speaker Nancy Pelosi visited Ukraine. [Towleroad]
This is TMI, Michael Buble. [Egotastic]
Help me find a better lip balm. [Buzzfeed]
Ugh, Marchesa’s bridal collection is meh. [Tom & Lorenzo]
I can’t believe That ‘90s Show is really happening. [Seriously OMG]
Tessa Thompson wore a glittery Armani net. [RCFA] | https://www.celebitchy.com/764957/should_we_worry_about_macbeth_costars_daniel_craig_ruth_negga_links/ | 2022-05-03T22:11:24Z | https://www.celebitchy.com/764957/should_we_worry_about_macbeth_costars_daniel_craig_ruth_negga_links/ | false | null |
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Amalgamated Financial Corp. Changes to Beneficial Ownership: Mark Finser (Director) (Form4)
Accepted:
Form Type:
4
Accession Number:
0001823608-22-000068 | https://www.benzinga.com/secfilings/22/05/26947538/amalgamated-financial-corp-changes-to-beneficial-ownership-mark-finser-director-form4 | 2022-05-03T22:14:00Z | https://www.benzinga.com/secfilings/22/05/26947538/amalgamated-financial-corp-changes-to-beneficial-ownership-mark-finser-director-form4 | false | 254241 |
Oneida County NAACP honors poets laureate in ceremony at MWPAI
A celebration of humanity, language and emotion honored four of Oneida County’s brightest poets.
The NAACP Utica-Oneida County Chapter held a recognition for its poet laureate and youth poet laureate, selected by a panel of community judges, at Munson-Williams-Proctor Arts Institute on April 30.
Each participating poet submitted original works connected to the theme of struggle, hope and resilience.
Tinashe Dylan Manguwa was selected as the poet laureate, while Win Naing was selected as youth poet laureate. Roxanne Vasilopoulos and Jasper Sammon were honorable mentions for the poet laureate and youth poet laureate, respectively.
Tinashe Dylan Manguwa
Now a student at Hamilton College, Manguwa traveled from Zimbabwe to South Africa before coming to the United States.
Being named the NAACP Utica-Oneida County Chapter's poet laureate is surreal, Manguwa said, and something he will process along the way.
“I used to be a very selfish writer when I started on,” he said. “I would think what I wrote is perfect, it’s amazing and it’s the greatest thing. But the more I go out and I read more and I interact with other poets – amazing poets, by the way – I realize there’s always room to learn and room to grow for me.”
Manguwa said poetry is an avenue for dealing with the inter- and intrapersonal.
“I think the cool thing about poetry, for me, as I’ve realized over the years, is it’s putting language to everyday experiences,” he said. “And that’s very powerful, because once you can define something, once you can add the language to it and the terms to it, you can then tackle it head-on. You can then acknowledge that it exists and once you’ve acknowledged that it exists, you can do something about it.”
Win Naing
A student at Thomas R. Proctor High School, Naing was born in Thailand and moved to Houston when he was 4 years old. He then moved to Utica a few years later.
Poetry is a recent hobby for Naing, who said he only started writing it just four months ago. The poet laureate ceremony was a more professional and large event than he expected.
“I was actually going through a rough time in the past week, and I wasn’t really sure if I wanted to come here, but I’m glad I did because it kind of goes with the theme of struggle, hope and resilience, that I was able to push myself to come here,” Naing said. “With that, I want to inspire kids that are younger than me to also do that, while taking lessons from ones that are older.”
Naing said his interest in poetry started as an exploration of a potential fun new hobby.
“It’s just been a really great way to express words that I didn’t really know how to express,” he said. “Basically turning one emotion into a whole story.”
Honorable mentions
Vasilopoulos said the ceremony was her first time reading her poetry. She was encouraged by supportive friends to enter and share her experiences.
“I have had a lot of challenges in my life, so sometimes the only way I could process them or grow through whatever I was going through was to write about it,” Vasilopoulos said. “I’m not the most verbal person, speaking-wise, but writing I could do. And so that’s why it really became the way that I expressed myself.”
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Sammon, a Clinton High School student, called the distinction an honor. He said he wants to use his poetry to bring recognition to systemic racial injustice in the country, as with the poem he wrote about the murder of George Floyd.
“I think poetry allows people to express their emotions and their feelings toward a certain subject really well,” Sammon said. “I’m also a musician and I would say the same about music. I think it’s just really easy to express yourself through poetry.”
Recognition and ceremony
The poets laureate each will serve a one-year term. Those honored received an NAACP membership for the year, poetry-related books and will be able to perform at upcoming community events and engage with local high schools and colleges; the winners also received a financial award.
During the ceremony, the poets laureate each read or recited two poems, while the honorable mentions read one.
Manguwa recited his poem “3805” and read “syncopation,” while Naign read “The Wanderer” and “Sand.” Vasilopoulos read “If It Helps” and Sammon read “I Can’t Breathe.”
Steve Howe is the city reporter for the Observer-Dispatch. Email him at showe@gannett.com. | https://www.uticaod.com/story/news/local/2022/05/03/oneida-county-naacp-honors-poets-laureate-ceremony-munson-williams-proctor-arts-institute/9619235002/ | 2022-05-03T22:15:14Z | https://www.uticaod.com/story/news/local/2022/05/03/oneida-county-naacp-honors-poets-laureate-ceremony-munson-williams-proctor-arts-institute/9619235002/ | false | 1 |
SOUTH SAN FRANCISCO, Calif. (AP) _ Rigel Pharmaceuticals Inc. (RIGL) on Tuesday reported a loss of $27.4 million in its first quarter.
On a per-share basis, the South San Francisco, California-based company said it had a loss of 16 cents.
The results missed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 12 cents per share.
The drug developer posted revenue of $16.7 million in the period, also missing Street forecasts. Four analysts surveyed by Zacks expected $18.5 million.
_____
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on RIGL at https://www.zacks.com/ap/RIGL | https://www.bigrapidsnews.com/business/article/Rigel-Q1-Earnings-Snapshot-17145298.php | 2022-05-03T22:17:40Z | https://www.bigrapidsnews.com/business/article/Rigel-Q1-Earnings-Snapshot-17145298.php | true | null |
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Tremor International Ltd. General Corporate Statement By Foreign Issuer (Form6)
Accepted:
Form Type:
6-K
Accession Number:
0001178913-22-001763 | https://www.benzinga.com/secfilings/22/05/26947689/tremor-international-ltd-general-corporate-statement-by-foreign-issuer-form6 | 2022-05-03T22:18:13Z | https://www.benzinga.com/secfilings/22/05/26947689/tremor-international-ltd-general-corporate-statement-by-foreign-issuer-form6 | false | 254241 |
Woman’s body found in freezer during welfare check
The Sebastian Police Department is reporting that they found the body of a 93-year-old woman inside a freezer during a welfare check. The discovery was made on Thursday at a home...
www.850wftl.comThe Sebastian Police Department is reporting that they found the body of a 93-year-old woman inside a freezer during a welfare check. The discovery was made on Thursday at a home...
www.850wftl.com | https://www.newsbreak.com/news/2587729814376/woman-s-body-found-in-freezer-during-welfare-check | 2022-05-03T22:19:03Z | https://www.newsbreak.com/news/2587729814376/woman-s-body-found-in-freezer-during-welfare-check | false | null |
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(CNN) -- It's the size of a pinto bean. It's the color of brown coffee. And it's rough and roundish. But in the end, a diamond is a diamond.
The largest diamond of the year has been discovered at Crater of Diamonds State Park in Arkansas, the park announced in a news release on Tuesday.
A more casual visitor might have bypassed the 2.38-carat diamond; it's not exactly what you picture when you think of the gemstones that really sparkle and shine once they're cut.
But Adam Hardin was no ordinary visitor. He's spent more than a decade searching for diamonds at the park, according to the release, and has found hundreds of them in that time.
All that experience paid off during an April 10 visit -- and it's his first diamond find there weighing more than 2 carats.
Screen time
Hardin was using a common screening technique to make his find, the release said.
In that method, visitors scoop up what they can from the earth and then wet sift it in a basin of water using a screen set. The aim is to wash away soil and separate the gravel by size, according to Park Interpreter Waymon Cox.
He said the smaller gravel is then sorted by weight, with the heavier material sent to the bottom of the screen. (See how screening works in this YouTube video).
"When it's flipped upside-down, the heavier gravel -- and sometimes a diamond -- can be found on top of the pile," Cox said.
Hardin was wet-sifting soil from the East Drain of the park's 37.5-acre search area when he found the gem, the release said.
"It was right in the middle when I flipped my screen over," Hardin said. "When I saw it, I said, 'Wow, that's a big diamond!' "
Confirmed! It's a diamond
Hardin took the gem to the park's Diamond Discovery Center, where staff registered it as a 2.38-carat brown diamond, the release said.
"It has a metallic shine typical of all diamonds found at the park, with a few inclusions and crevices running all along the surface," Cox said.
Hardin said competition builds camaraderie among the park's regular diamond hunters.
"One of the other guys and I have been going back and forth, seeing who can find the biggest diamond," Hardin said in the release.
"I found a big one, then he got a 1.79-carat, and we were joking about who would find the next big diamond and be 'king of the mountain.' As soon as I found this one, I had a feeling I had him beat. Now he's trying to find a bigger one, but I'm planning on staying on top!"
Pretty and not so pretty
Crater of Diamonds State Park is in Murfreesboro, in the southwestern corner of Arkansas. Visitors find an average of one to two diamonds each day, the park said.
The park said 260 diamonds had been registered in 2022 at the time the news release went out.
The largest diamond discovered in the United States was found here in 1924, the park said. It was named Uncle Sam. The white diamond had a pink cast and weighed 40.23 carats.
But Hardin loves his coffee-brown find. He named it Frankenstone, the release said.
"I thought of the name because it has a pretty and kind of not-so-pretty look to it," Hardin said. "Us diamond miners call that 'character!' "
Hardin said he usually sells his diamonds locally and that he also plans to sell this one.
The-CNN-Wire
™ & © 2022 Cable News Network, Inc., a WarnerMedia Company. All rights reserved. | https://www.local3news.com/regional-national/wow-thats-a-big-diamond-state-park-visitors-perseverance-pays-off/article_ea993bd4-cb25-11ec-a955-9bfbc76b0aba.html | 2022-05-03T22:23:57Z | https://www.local3news.com/regional-national/wow-thats-a-big-diamond-state-park-visitors-perseverance-pays-off/article_ea993bd4-cb25-11ec-a955-9bfbc76b0aba.html | false | 12 |
Susie and Rachel have had their amid rumours of a feud between the trio.
Full ArticleCountdown stars Susie Dent and Rachel Riley break silence as Anne Robinson quits
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BLOOMFIELD HILLS, Mich. (AP) _ Agree Realty Corp. (ADC) on Tuesday reported a key measure of profitability in its first quarter. The results surpassed Wall Street expectations.
The real estate investment trust, based in Bloomfield Hills, Michigan, said it had funds from operations of $69.2 million, or 97 cents per share, in the period.
The average estimate of seven analysts surveyed by Zacks Investment Research was for funds from operations of 94 cents per share.
Funds from operations is a closely watched measure in the REIT industry. It takes net income and adds back items such as depreciation and amortization.
The company said it had net income of $34.3 million, or 48 cents per share.
The real estate investment trust posted revenue of $98.3 million in the period, which also beat Street forecasts. Five analysts surveyed by Zacks expected $96 million.
The company's shares have declined slightly more than 5% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $67.51, a drop of almost 5% in the last 12 months.
_____
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ADC at https://www.zacks.com/ap/ADC | https://www.ourmidland.com/business/article/Agree-Realty-Q1-Earnings-Snapshot-17145404.php | 2022-05-03T22:26:44Z | https://www.ourmidland.com/business/article/Agree-Realty-Q1-Earnings-Snapshot-17145404.php | true | 601 |
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DULUTH, Ga. (AP) _ Delta Apparel Inc. (DLA) on Tuesday reported fiscal second-quarter net income of $10.1 million.
On a per-share basis, the Duluth, Georgia-based company said it had profit of $1.44.
The maker of branded and private-label apparel posted revenue of $131.7 million in the period.
_____
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on DLA at https://www.zacks.com/ap/DLA | https://www.greenwichtime.com/business/article/Delta-Apparel-Fiscal-Q2-Earnings-Snapshot-17145527.php | 2022-05-03T22:32:25Z | https://www.greenwichtime.com/business/article/Delta-Apparel-Fiscal-Q2-Earnings-Snapshot-17145527.php | false | null |
TENNIS
Trying to regain his best form after a slow start to the season, Novak Djokovic looked sharp in his opening match at the Madrid Open on Tuesday, defeating Gael Monfils 6-3, 6-2 to advance to the third round.
“I would probably rate it as the best performance of the year. I felt very good on the court,” the top-ranked Djokovic said after saving all five break points he faced and converting the three he had against the 21st-ranked Frenchman.
It was his 18th straight win over Monfils. The match was interrupted at 2-2 in the first set as rain forced the roof on center court to be closed.
“Just generally very, very good performance,” he said. “I’m very pleased, considering, you know, that up to today I was not playing my best tennis in the few tournaments that I played this year and still kind of finding my rhythm, finding my groove.”
Djokovic arrived in Madrid with a 5-3 record in the three tournaments he played. He had needed three sets in each of his last three victories this season, all in Serbia before losing the final there to Andrey Rublev.
Djokovic, a three-time winner in Madrid, next faces either former No. 1 Andy Murray or Denis Shapovalov.
RETIREMENT: Two-time Grand Slam finalist Kevin Anderson announced his retirement from professional tennis at age 35.
The 6-foot-8 South African was the runner-up to Rafael Nadal at the U.S. Open in 2017 – No. 32 at the time, Anderson was the lowest-ranked finalist in tournament history – and to Novak Djokovic at Wimbledon in 2018.
Anderson won seven ATP Tour singles titles, most recently at the Hall of Fame Tennis Championships in Newport, Rhode Island, last July. All of his trophies came on the speedier surfaces of grass or hard courts, which helped add oomph to his booming serves.
“Tennis carried me far beyond my roots in Johannesburg, South Africa, and truly gave me the world,” Anderson wrote on Twitter in posts about what he called a “difficult decision to retire.”
“I’ve experienced so many different challenges and emotions; this sport can be exhilarating and at the same time lonely,” he said.
Anderson played college tennis at Illinois, where he won the 2006 NCAA men’s doubles championship and was an All-American for three seasons. In 2007, he helped Illinois to a runner-up finish as a team.
After turning pro that year, Anderson claimed his first tour-level title at home in Johannesburg in 2011.
Anderson reached a career-high ranking of No. 5 in 2018, after his run to the title match at the All England Club.
That included a 13-11 fifth-set victory over 20-time Grand Slam champion Roger Federer in the quarterfinals after facing a match point, and a 26-24 fifth-set victory over John Isner in the semifinals, before the loss to 20-time Grand Slam champion Djokovic.
That match against Isner served as the tipping point for the sport’s four major tournaments to discuss adding tiebreakers for the final set – and all four announced this year they now will play tiebreakers at 6-all in the deciding set (third for women, fifth for men) from now on.
Anderson, who will turn 36 on May 18, is 1-5 in 2022 and is ranked 107th this week. Elbow injuries limited him to 15 matches in 2019.
He has not competed since a three-set loss in his opening main-draw match at the Miami Open against Juan Manuel Cerundolo in March.
Anderson has been an advocate for reducing plastic use on the tennis tours and his charitable efforts earned him the 2019 Arthur Ashe Humanitarian Award.
HORSE RACING
DOPING: A deal for Drug Free Sport International to police medication in horse racing was announced, two months before the Horseracing Integrity and Safety Authority takes effect.
The U.S. Anti-Doping Agency had been set to become the regulator for anti-doping and medication control for thoroughbred racing. But in late December, the deal stalled.
Drug Free Sport International has overseen testing and enforcement with the NFL, NBA, MLB, NCAA, both men’s and women’s pro golf tours and NASCAR.
The Kansas City-based company will set up the Horseracing Integrity and Welfare Unit, to be led by a five-member advisory council chaired by Jonathan Taylor, a London-based partner at the international law firm Bird & Bird.
He previously served as chair of the World Anti-Doping Agency’s compliance review committee. He also has years of experience as outside legal counsel to the British Horseracing Authority and International Equestrian Federation.
The other members of the advisory council are Dr. Larry Bowers, former chief scientific officer at USADA; Dr. Larry Bramlage, an equine orthopedic surgeon in Kentucky; Sonja Keating, general counsel of the U.S. Equestrian Federation; and Gunter Younger, director of intelligence and investigations at WADA.
HISA takes effect July 1. It will be implemented in stages, with the racetrack safety program starting immediately. The anti-doping and medication rules aren’t expected to begin until Jan. 1, 2023, leaving the 38 states where horse racing occurs in charge for now.
The sport’s lack of uniform rules across the U.S. came into focus after Medina Spirit tested positive for a banned substance following the 2021 Kentucky Derby.
SOCCER
CHAMPIONS LEAGUE: Visiting Liverpool rallied after an early scare to defeat Villarreal 3-2 and advance to its third final in five seasons.
Villarreal looked on its way to another stunning upset after opening a two-goal lead in the first half to offset its 2-0 first-leg loss in England, but it couldn’t keep up and Liverpool came from behind to advance 5-2 on aggregate.
After Boulaye Dia and Francis Coquelin put Villarreal ahead by the 41st minute, Fabinho, substitute Luis Diaz and Sadio Mane scored in the second half to propel Liverpool into the final for the first time since winning its sixth European title in 2019.
Liverpool will play the May 28 final in Paris against either Premier League rival Manchester City or 13-time European champion Real Madrid. They will meet on Wednesday in Madrid with City defending a 4-3 win from the first leg in England.
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New Jersey company indicted on charges of smuggling valuable eels | https://www.pressherald.com/2022/05/03/sports-digest-djokovic-tops-monfils-in-madrid-in-his-best-match-of-year/ | 2022-05-03T22:33:30Z | https://www.pressherald.com/2022/05/03/sports-digest-djokovic-tops-monfils-in-madrid-in-his-best-match-of-year/ | true | 1 |
PANAMA CITY, Fla. (WMBB) — Anchorage Children’s Home broke ground Tuesday morning on a new transitional housing facility.
It’s the first building on Anchorage’s Lisenby Campus since the organization was founded 15 years ago.
Anchorage shelters and cares for runaway and homeless youth. Many of the children have been abused, abandoned or neglected.
“Our goal is to stabilize them, help them with housing, get them in school,. If they’re not in school, complete school, all of them have to have a job. So the goal of our program is to educate them, come along side them, sustain them and prepare them for the next phase in their life.” | https://www.mypanhandle.com/news/local-news/anchorage-childrens-home-begins-construction-on-a-facility/ | 2022-05-03T22:34:12Z | https://www.mypanhandle.com/news/local-news/anchorage-childrens-home-begins-construction-on-a-facility/ | true | null |
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Anyone who watched Marvel movies like The Avengers: Infinity War or Captain Marvel can tell you that giving alien civilizations mankind’s home address and an open invite to drop by isn’t always the best idea. But according to an arsTechnica article written by University of Arizona’s astronomy professor Chris Impey, that’s exactly what scientists are planning to do over the next year.
And as he points out, we don’t know if it’s a good idea to contact alien civilizations, and if we do get a response, it’s not like there’s an official spokesman for Earth.
Two separate teams of scientists plan to blast messages into space over the next year, giving any interested aliens the exact location of the Earth. The first will be sent on October 4, 2022, to a star called TRAPPIST-1, a dwarf star that NASA says has three planets revolving around it in the so-called “Goldilocks Zone,” where the habitats would be not-too-hot and not-too-cold, and therefore most likely to sustain life like that on Earth.
The second message will be a less-focused blast into the cosmos, sent from the world’s largest radio telescope in China in 2023, giving details on human biology and the exact location of Earth. The hope is the response won’t come with a delicious book of recipes on how To Serve Man:
Assuming that any alien societies do respond, it’s not certain who will head the welcoming committee. Before “The Slap” at this year’s Academy Awards, the number one candidate to issue a hearty “Welcome to Earth” would have been Will Smith, whose experience playing a cocky Air Force pilot who defeats an entire invasion force with the power of a 1996 Apple PowerBook made him ambassadorial choice number one. But his inability to play it cool with a civilization who may choose to conquer Earth with the power of hurtful words eliminates him as a candidate.
An even bigger concern is the question raised by professional Smart Person Stephen Hawking in his 2010 documentary, Stephen Hawking’s Universe: If we invite an alien civilization with superior technology to visit, the odds are we will hate the results.
This jibes with all the evidence supplied by movies about first contact with alien life since the dawn of filmmaking. In the Marvel Cinematic Universe, Earth’s sunny beaches and four-star hotels make it a destination spot for would-be Universe conquerors like Thanos. Even the D.C. Cinematic Universe’s Protector of Mankind, Superman, becomes an open invitation to evil fellow Kryptonian General Zod.
Outside of comic book films, mankind does no better. On popular British TV series Doctor Who, humans have made contact with hundreds of powerful alien civilizations over the past sixty years, all of whom immediately attempt to conquer the city of London and its outlying suburbs.
Star Trek: The Motion Picture provided a cautionary tale about the search for extraterrestrial life when the Voyager probe, mankind’s real-life first attempt to proactively contact aliens, returns to Earth having evolved into an all-powerful sentient being bent on destroying Earth. A discovery made at a point in the movie where all of mankind was in serious danger of dying from boredom:
In any case, we’ll see over the next 80 or so years if our open invite brings us new friends or party crashers. | https://wegotthiscovered.com/news/scientists-to-blast-earths-address-into-space-despite-warnings-of-every-movie-ever-made-about-aliens/ | 2022-05-03T22:40:06Z | https://wegotthiscovered.com/news/scientists-to-blast-earths-address-into-space-despite-warnings-of-every-movie-ever-made-about-aliens/ | true | 1 |
LAS VEGAS (AP) — A Las Vegas City Council member who is running as a Republican for Nevada state treasurer was recovering Tuesday from face and head injuries after she was injured in a car crash.
Details about the crash were not provided, but Michele Fiore’s campaign aide, Rory McShane, said in an email that Fiore suffered a broken orbital bone and head trauma in the Monday crash.
Las Vegas police said the crash happened about 9:15 p.m. near a busy crossroads in northwest Las Vegas. An incident report was not immediately available.
A Fiore campaign statement said she was released Tuesday morning from University Medical Center after treatment for a concussion, several broken bones and bruises.
Fiore has been a City Council member since 2018. | https://www.wiltonbulletin.com/news/article/Councilwoman-state-treasurer-hopeful-hurt-in-17145641.php | 2022-05-03T22:48:13Z | https://www.wiltonbulletin.com/news/article/Councilwoman-state-treasurer-hopeful-hurt-in-17145641.php | false | null |
Classic Builders will begin construction of 13 new homes on the former Bella Vista Lakes development site next month after remedial engineering work is completed.
The land was taken over by Tauranga City Council in 2020 after 21 houses and building sites were evacuated in March 2018 amid safety fears. The homes were demolished and the council sold land in the development to Tauranga-based Classic Group after a tender.
Bella Vista Homes Ltd was put into liquidation in November 2018.
Classic Builders is part of the Classic Group, one of the country's largest residential construction companies.
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Advertise with NZME.In a written statement, Classic Group co-director Peter Cooney said once complete, the development would provide quality housing opportunities with 13 stand-alone dwellings for purchase by owner-occupiers - not investors.
Five house and land packages will initially be released, and while the exact prices have yet to be set, they will not exceed $950,000, he said.
Cooney said selling the 13 homes to owner-occupiers aligned with Classic Group's mission to provide more housing opportunities in the region.
He said previous stability issues at the site had been also addressed with significant investment in retaining the land.
"Classic Developments worked with local contractor Sabre Construction to ensure the retaining walls and civil works were carried out to the specific plan.
"Classic Group's health and safety company, CASE, and WorkSafe had been to the site to ensure all activities followed safe practices.
"Retaining has been established along the rear boundary to mitigate any possible stability issues with the housing at the back of the lots, and our development includes extensive retaining between the lots too.
"The result is solid, flat platforms with retaining on all sides, all achieved before any building begins.
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Advertise with NZME."We are aware this site is the subject of public scrutiny and wish to assure [people] we're driving this development forward with a new vision and quality assurance measures in place every step of the way to ensure success.
"In addition, we are happy to be building more housing opportunities in a district starved of building-site opportunities."
There were previously 16 dwellings on the site Classic Builders is developing, and the revised 13-house layout creates "better outcomes" for the house design and lifestyle.
The dwellings will have a northwest outlook and have been designed to fit the subdivision design specifications for The Lakes.
Cooney said Classic Builders had worked within the site constraints to keep the houses at a reasonable size, while still providing outdoor living spaces.
The company's Bay of Plenty regional manager, Nathan Watkins, said the development offered an exciting opportunity to offer quality housing to a Tauranga market "hungry" for housing opportunities.
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Advertise with NZME.Interest has been strong, exceeding the number of houses available, he said. Classic was also developing 50 house and land packages in nearby Kennedy Ridge, Pyes Pa, to be available in the fourth quarter of the year.
Those who have expressed interest will be contacted when the house and land packages come to market, expected to be from May to July.
Classic Builders, a nationwide company, has so far built more than 6500 homes and developed over 4000 lots of land.
Late last year, Classic Group and the New Zealand Super Fund established a $300 million partnership that will help build thousands of new homes. | https://www.nzherald.co.nz/bay-of-plenty-times/news/former-bella-vista-homes-site-to-be-transformed-with-13-stand-alone-homes/FUYCAXBLNTAOKJNKJTSKYSI72I/ | 2022-05-03T22:49:06Z | https://www.nzherald.co.nz/bay-of-plenty-times/news/former-bella-vista-homes-site-to-be-transformed-with-13-stand-alone-homes/FUYCAXBLNTAOKJNKJTSKYSI72I/ | true | 2 |
LINCOLN, Neb. (AP) _ National Research Corp. (NRC) on Tuesday reported first-quarter earnings of $8.5 million.
The Lincoln, Nebraska-based company said it had profit of 34 cents per share.
The advisor to healthcare providers posted revenue of $38.4 million in the period.
_____
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on NRC at https://www.zacks.com/ap/NRC | https://www.myplainview.com/business/article/National-Research-Q1-Earnings-Snapshot-17145633.php | 2022-05-03T22:50:35Z | https://www.myplainview.com/business/article/National-Research-Q1-Earnings-Snapshot-17145633.php | true | null |
LGI Homes (NASDAQ: LGIH)
Q1 2022 Earnings Call
May 03, 2022, 12:30 p.m. ET
Contents:
- Prepared Remarks
- Questions and Answers
- Call Participants
Prepared Remarks:
Operator
Welcome to LGI Homes' first quarter 2022 conference call. Today's call is being recorded, and a replay will be available on the company's website later today at www.lgihomes.com. [Operator instructions] At this time, I will turn the call over to Josh Fattor, vice president of investor relations at LGI Homes.
Josh Fattor -- Vice President of Investor Relations
Thank you. Good afternoon, and welcome to our conference call to discuss our results for the first quarter of 2022. I'll remind listeners that this call will contain forward-looking statements that include statements regarding LGI Homes' business strategy, outlook, plans, objectives, and guidance for 2022. All such statements reflect management's current expectations.
However, these statements involve assumptions and estimates and are, therefore, subject to risks and uncertainties that could cause management's expectations to prove to be incorrect. You should review our filings with the SEC, including our Risk Factors and Cautionary Statement About Forward-Looking Statements sections for a discussion of the risks, uncertainties, and other factors that could cause our actual results to differ from those presented in these forward-looking statements. You should consider all forward-looking statements in light of the related risks and not place undue reliance on these forward-looking statements, which speak only as of the date of this conference call and are not guarantees of future performance. Additionally, we will discuss non-GAAP financial measures on today's call.
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Such information is not intended to be considered in isolation or as a substitute for the financial information presented in accordance with GAAP. Reconciliations of non-GAAP financial measures to the most comparable measures prepared in accordance with GAAP can be found in the earnings release that we issued this morning and in our quarterly report on Form 10-Q for the quarter ended March 31st, 2022, that we expect to file with the SEC later today. This filing will be accessible on the SEC's website and in the Investor Relations section of our website. Our hosts for today's call are Eric Lipar, LGI Homes' chief executive officer and chairman of the board; and Charles Merdian, chief financial officer and treasurer.
I will now turn the call over to Eric.
Eric Lipar -- Chairman and Chief Executive Officer
Thanks, Josh. Good afternoon, and welcome to our earnings call. I'll open with highlights on our first quarter, and then Charles will provide more details on our financial results. Finally, I'll close with an update on our performance so far in the second quarter and our outlook for the rest of the year.
Despite ongoing supply chain headwinds, we delivered strong first quarter operational results. Our average selling price was over $341,000, an increase of 24% over the same period last year. Absorptions for the quarter came in at six closings per community per month, well above our eight-year first quarter average of 5.5. Dallas-Fort Worth was our top market with 13 closings per community per month.
Houston was second with 11.3, followed by San Antonio with 11.2. Rounding out the top five were Nashville with 9.7 and Las Vegas with 8.7 closings per community per month. Congratulations to the teams in these markets on an impressive first quarter performance. During the quarter, cycle times continued to lengthen, as we navigated supply shortages, labor constraints, and inspection delays.
Despite the impact these headwinds had on first quarter deliveries, our systems-based processes and continued pricing power enabled us to deliver record results in virtually all our profitability metrics. Gross margin and adjusted gross margin were up significantly, coming in at all-time highs of 29% and over 30%, respectively. EBITDA margins were also a first quarter record at over 19%. Finally, continued demand-driven efficiencies and disciplined cost controls helped deliver a pre-tax net income margin of over 18% and net income margin of over 14%, both of which were first quarter records.
As part of our commitment to providing exceptional customer service, we are releasing homes for sale when they are within 60 days of closing. Doing so provides the clearest view of costs, improves the accuracy of estimating closing dates, limits customers' time and backlog, and eliminates interest rate risk while they prepare to close. Despite rising rates and a metering of our sales pace, our orders were up 32% over last quarter, and we ended March with more than 2,400 homes in backlog. Given the attention on rising interest rates, we're closely monitoring the sales in our backlog and can report that over 96% of our backlog has no interest rate exposure.
Demand during the quarter was strong, supported by positive underlying fundamentals, including favorable demographics, low unemployment, a strong economy, tight inventory, rising rents, and the increased preference for homeownership born out of the pandemic. Nevertheless, prices of new and existing homes are up significantly and mortgage rates are expected to move higher. As a result, we are seeing signs that demand is normalizing from the unprecedented levels witnessed throughout 2021. We carefully monitor demand in each of our markets and while certainly not as hot as last year, we haven't seen the need to adjust our current course.
In fact, with only 450 completed homes at quarter end and very few of those homes unsold, the primary constraint to closings continues to be longer cycle times and the opening of new communities. With that, I'll turn the call over to Charles for more details on our financial results.
Charles Merdian -- Chief Financial Officer and Treasurer
Thanks, Eric. During the quarter, we closed 1,599 homes, a 37.6% decrease year over year as a result of fewer active communities. As noted, our pace of absorptions in those active communities remained above historical averages. Of our total closings during the quarter, 213 homes were sold through our wholesale business, representing 13.3% of our total closings, compared to 283 homes or 11.1% of our total closings in the same quarter last year.
Our revenue in the first quarter was $546.1 million, a decline of 22.7% resulting from fewer closings and partially offset by higher average selling prices compared to the same period last year. As Eric highlighted, our average sales price increased 23.9% over the same period last year and 7.7% sequentially to a record $341,495. Price increases were primarily driven by a favorable demand environment that allowed us to pass through cost increases in all of our markets. Gross margin this quarter came in at 29%, a 210 basis point improvement over the same period last year and a new company record.
The improvement resulted from our success in passing through cost increases, lower capitalized interest expense, and lower lot costs as a percentage of average selling price, partially offset by a larger percentage of wholesale closings. Our adjusted gross margin this quarter was also a new company record at 30.3%, a 180 basis point improvement over the same period last year. Adjusted gross margin excludes approximately $4.5 million of capitalized interest charged to cost of sales during the quarter and $2.3 million related to purchase accounting, together representing 130 basis points. Combined selling, general and administrative expenses for the quarter were 11.5% of revenue, compared to 9.6% during the same period last year.
Selling expenses for the quarter were $34.4 million, or 6.3% of revenue, compared to $42.8 million, or 6.1% of revenue, for the first quarter of 2021. General and administrative expenses totaled $28.3 million, or 5.2% of revenue, compared to $24.7 million, or 3.5% of revenue, for the same quarter last year. The 170 basis point increase was driven primarily by lower overall revenue compared to the same time last year as well as investments in our people, including additional head count in our construction and land acquisition and development departments to support our continued community count growth. EBITDA for the quarter was $104.4 million, or 19.1% of revenue, a 10 basis point improvement over the same period last year and a new first quarter record.
Adjusted EBITDA was $102.9 million, or 18.8% of revenue, a 20 basis point decrease from the same period last year. Adjusted EBITDA excludes approximately $3.8 million of other income and $2.3 million related to purchase accounting, together representing approximately 30 basis points. Pretax net income was $99.6 million, or 18.2% of revenue, a 70 basis point improvement over the first quarter of 2021 and a new first quarter record. Our effective tax rate in the first quarter was 21%, compared to 19.2% in the same period last year.
And our first quarter reported net income was $78.7 million, or 14.4% of revenue, a first quarter record. And our earnings were $3.30 per basic share and $3.25 per diluted share. First quarter gross orders were 2,339, a decrease of 59.9%. And net orders were 1,973, a decrease of 62.3% year over year.
As we noted last quarter, the expected decline in our orders is primarily due to record prior-year comps and our decision to defer sales to later in the construction process and limit our customers' time and backlog. Our cancellation rate for the first quarter was 15.6%. We finished the first quarter with a backlog of 2,429 homes, representing over $849 million in value. As of March 31st, our land portfolio consisted of 93,270 owned and controlled lots, a 38.6% increase year over year and a 1.6% increase sequentially.
We added over 5,800 new lots to our owned inventory and ended the quarter with 59,079 owned lots, an increase of 53.4% year over year and 7.7% sequentially. Of our owned lots, only 7,419 were finished vacant lots and 47,222 were either raw land or land under development. During the quarter, we started over 2,300 homes, and as of March 31st, had 4,438 completed homes, information centers or homes in process. Excluding information centers and homes related to our leasing initiatives, only 450 homes were complete, a decline of 30.6%, compared to the 648 complete homes at the end of the first quarter last year and significantly less than the 1,648 complete homes at the end of the first quarter in 2020.
Finally, at quarter end, we had 34,191 controlled lots, an increase of 18.8% year over year and a decrease of 7.5% sequentially, as more of those lots were converted to owned. I'll conclude with an update on our capital position. We ended the quarter with $53.3 million in cash, over $2.3 billion in real estate inventory, and total assets of nearly $2.6 billion. Total debt at quarter end was $1 billion, resulting in a debt-to-capitalization ratio of 41.4% and a net-debt-to-capitalization ratio of 40%.
We expect our leverage ratio will remain in the range between 35% and 45%. As of March 31st, we had total liquidity of $161.6 million, consisting of the $53.3 million of cash on hand and approximately $108 million available to borrow under our credit facility. On April 29th, we successfully increased our liquidity through an amendment of our existing credit agreement that increases total commitments by $250 million, bringing the total facility size to $1.1 billion. In the last year, our shareholders' equity increased by $204 million to over $1.4 billion, and we delivered a return on equity of 30.9% over the same period.
During the first quarter, we returned $57.7 million to shareholders through the repurchase of $475,055 shares of our common stock, and we ended the quarter with $23.7 million shares. Since 2018, we have now repurchased over $2.5 million shares of our common stock. And as of March 31st, had approximately $249 million remaining on our stock repurchase program. At this point, I'll turn the call back over to Eric.
Eric Lipar -- Chairman and Chief Executive Officer
Thanks, Charles. During April, cost pressures and supply chain bottlenecks continued to impact our operations, slowing construction cycle times and delaying the openings of new communities. We expect these challenges to continue for the foreseeable future and are working closely with our trade partners in the municipalities where we operate to limit impacts on our customers. Despite these headwinds, our second quarter is off to a solid start.
And pending verifications of fundings, we expect to report that we closed 703 homes in 91 active communities in April. Though absolute closings were down due to the lower community count, the absorption pace of 7.7 closings per community exceeded our eight-year historical average for the fourth straight month this year. As highlighted in our press release this morning, we are revising upward our pricing and margin guidance. Based on our results to date, visibility into our backlog, and outlook for the rest of the year, we now expect selling prices for the full year to be in a range between $335,000 and $350,000, gross margins between 27% and 29%, and adjusted gross margins between 28.5% and 30.5%.
Our other guidance metrics for the full year are unchanged. To conclude, I want to thank our employees for their hard work, loyalty to our company, and commitment to our customers. LGI Homes was recently named as one of America's most trusted companies, a distinction that recognizes our employees' commitment to our core values of exceptional customer service, integrity, and ethical behavior. Your dedication has enabled us to manage through numerous industry challenges and consistently deliver outstanding results, and the first quarter was no exception.
We'll now open the call for questions.
Questions & Answers:
Operator
Thank you. [Operator instructions] Our first question comes from the line of Deepa Raghavan with Wells Fargo.
Deepa Raghavan -- Wells Fargo Securities -- Analyst
Hi. Good afternoon, everyone. Thanks for taking my question. Eric, you kept your original closings guidance, nine to 10, but just given the slower start -- 9,000 to 10,000 closing -- but just given the slower start, should we think about risks to the high-end year? Or are you assuming anything within your supply chain that actually still keeps the higher end of guide pretty much in the works?
Eric Lipar -- Chairman and Chief Executive Officer
Yeah, Deepa. Great question. Yes. No, the closing guidance remains unchanged, 9,000 to 10,000 closings for the year.
We think we're off to a solid start. But because of the way we're selling houses within 60 days of closing, demand remains solid. I think it's just a question of where we end up in the range is really what the back half of the year looks like. Still seeing solid demand even though rates are up and our costs are up, but it really depends on getting the houses built.
We have a number of new communities opening in the third and fourth quarters that will impact that closing number. Still seeing really solid demand from the single-family rental industry to buy our houses. So the range is still in play for sure.
Deepa Raghavan -- Wells Fargo Securities -- Analyst
Great. How should -- Charles, this one is probably for you. How should we think about your cash flow this year? Your inventory stepped up a little bit more than I would have expected, maybe not a big surprise, but at the same time, you're calling for some demand moderation. Should we assume you're starting to take some defensive measures here and start to see your cash flow turn strongly positive by end of the year?
Charles Merdian -- Chief Financial Officer and Treasurer
Yeah. Thanks, Deepa. Great question. I think the way we're thinking about it from an inventory standpoint is that we still expect to increase our community count.
So we see increases to community count. We're factoring in how we think about our inventory management in terms of vertical construction based on what we're seeing in terms of expected absorption, so we kind of adjust accordingly, if you will. So as we move inventory into owned, we are still predominantly seeing, if not all of our deals that are coming to acquisitions committee are raw land deals. So they're taking time, if you will, to spend that cash to get those sections ready, as we've been talking about delivering community count into 2023 and 2024.
So I think I'd describe it as we're right in line with our expectations in terms of what we're investing in terms of land, land under development, and then as we mentioned on the call, just managing vertical inventory. Completed inventory is significantly below where it normally would be. So we should see, as things normalize, completed inventory start to move up into its normal ranges.
Deepa Raghavan -- Wells Fargo Securities -- Analyst
Understood. Thanks for the color. I'll pass it on. Good luck.
Charles Merdian -- Chief Financial Officer and Treasurer
Thank you.
Operator
Thank you. And our next question comes from the line of Mike Rehaut with J.P. Morgan.
Doug Ward -- J.P. Morgan -- Analyst
Hi. Doug Ward, on for Mike. I was wondering if you could give some further color on kind of your outlook for lumber inflation and just the cost -- or potential for cost to grow throughout the remainder of the year and how much of that is already embedded in the guidance.
Eric Lipar -- Chairman and Chief Executive Officer
Yeah, Doug. Great question. This is Eric. We're expecting cost to increase continue to increase.
That's been the trend so far this year. Our most recent starts costs were still up, and that was off an all-time high. So we're expecting cost to continue to increase, and we're expecting to pass on those costs to consumers and maintain our gross margins in a very strong area like we did by raising our gross margin guidance by 50 basis points, but we expect costs to continue to go up.
Doug Ward -- J.P. Morgan -- Analyst
Awesome. Thank you. And then just in terms of your current level of incentives, I'm just curious on if that has changed or you envision that changing, especially on right -- rates continue to rise, maybe there's a kind of tapering in demand. Is that something that you guys have thought about or come across to implement in the future?
Eric Lipar -- Chairman and Chief Executive Officer
Yeah. No change in that at all. Right now, still seeing a very strong demand environment. We have very few houses to sell.
And when we do put houses on the price list, they are generally still selling. Not quite as strong as it was, but coming off the comparisons of the best all-time sales environment in history. So still solid. No reason to increase incentives.
Right now, we're doing discounting et al. So we have no houses and no inventory finished and our costs are still increasing. So we're still raising prices to offset costs.
Doug Ward -- J.P. Morgan -- Analyst
Awesome. Thank you, guys.
Eric Lipar -- Chairman and Chief Executive Officer
You're welcome.
Operator
Thank you. And our next question comes from the line of Jay McCanless with Wedbush Securities.
Jay McCanless -- Wedbush Securities -- Analyst
Hey. Good afternoon. Thanks for taking my questions. I guess, Eric, my first question, I think you said in your prepared comments that 96% of the backlog has no interest rate risk.
Did I hear that correct?
Eric Lipar -- Chairman and Chief Executive Officer
That is correct.
Jay McCanless -- Wedbush Securities -- Analyst
So is that mortgage locks on consumers as well as some institutional buyers in the mix? Is that the way to think about it?
Eric Lipar -- Chairman and Chief Executive Officer
Correct. Yeah. That's a great way to think about it. And also because of our -- the way that we're selling, to make sure the customer has a great experience and make sure we're hitting our closing dates and not having interest rate exposure, and make sure we understand our costs, we are not putting any houses on our price list for sale until we are within 60 days of closing, which is around the first day of sheetrock in our construction cycle.
And by doing that, we can limit our interest rate exposure. So we sell a house within 60 days of closing. We are confident in the closing date delivering, when we're that close, we take out a lot of supply chain risk. The customer has a better experience.
We have a better experience and have no interest rate exposure. So our backlog at the end of Q1 was 2,429 homes. And our assumption is that all of those or most of those are all scheduled to close in the second quarter. So everything is locked and then those that aren't locked, going into the third quarter, the majority of those are cash buyers, investors.
Jay McCanless -- Wedbush Securities -- Analyst
You stole my second question, and thank you for answering it before I asked it. I guess my follow-up to that is, with the unpredictability we've seen on the supply chain, etc., have you talked with your mortgage partner about potentially extending some locks, whether they're willing to do so? I mean we heard on another call last week that most lenders are coming with one-year locks and have those types of programs available. So just any discussions you've had with your mortgage partner in case the supply chain and/or municipal issues get away from you?
Eric Lipar -- Chairman and Chief Executive Officer
Yes. We've had those discussions, Jay, but we came to the conclusion the best approach was just to shorten the cycle time and not have to worry about interest rate exposure. And I think that's where selling house within 60 days of closing really helps us, because we don't have those customers out there, like most builders that have longer cycle times. We don't have the customers out there that are scheduled to close in the third and fourth quarter right now that have to worry about where rates are going.
We're just going to sell them and write a contract at the current rate, we'll lock them in. They're going to be within 60 days of closing, and we'll feel really good about our pipeline in that situation.
Jay McCanless -- Wedbush Securities -- Analyst
OK. That sounds great. I'll turn it over. Thank you.
Eric Lipar -- Chairman and Chief Executive Officer
Thank you, Jay.
Operator
Thank you. Your next question comes from the line of Truman Patterson with Wolfe Research.
Truman Patterson -- Wolfe Research -- Analyst
Hey. Good morning or good afternoon, everyone, and thanks for taking my questions. Just for clarity, Eric, on those interest rate locks that you were talking about, could you just -- I don't think I heard the cost on the prior answer.
Eric Lipar -- Chairman and Chief Executive Officer
Yeah. No cost. Normal operating business. We are not paying a fee for forward commitments or locking interest rates, and we don't need to, because going back to the comment that we expect our entire pipeline to close within 60 days or 96% of it, very little interest rate risk in our pipeline and no additional expense.
Truman Patterson -- Wolfe Research -- Analyst
OK. OK. And then just on your target buyer. Mortgage rates continue moving higher, so do home prices, but we also have a heavy degree of rental inflation as well.
I'm just trying to understand what your monthly mortgage payment spread is compared to that of some of the median rents of the buyers that you're targeting.
Eric Lipar -- Chairman and Chief Executive Officer
Yes. I think both have been going up. You're right on. Our monthly payments on our most value-oriented house in all of our communities is higher.
There's no question. And we're in the affordable housing business and focused on that first-time homebuyer. And with the combination of rates going up and ASPs going up, it's not as affordable as it used to be. But I do believe that it's being offset and why we're still seeing strong demand is because rental rates are also increasing.
And the single-family rental operators' demand to buy housing from us is very strong, and there's still a very low supply of finished inventory out there. So as of now, when we put houses on the price list, they are selling very quickly. We do believe that demand is going to moderate because we're coming off such a strong demand environment, and eventually -- I'm not sure the timing of it. But eventually, the word we used in our prepared remarks, in the press release, and what we talk about internally is going back to a normalized demand environment.
And from 2014 to 2020, for us, that was six to seven closings per community per month. It's just the last couple of years have been higher than that, but we do expect it to return to normalized at some point.
Truman Patterson -- Wolfe Research -- Analyst
OK. OK. And then on the SG&A line, I noticed that your selling expenses ticked up. I think it was like 20 basis points year over year.
Is that simply due to, I don't know if lost closings leverage might impact that? Or are you actively increasing your ad and marketing spend? Just trying to understand how we should view your strategy there and maybe some guidance around the metrics moving through '22.
Charles Merdian -- Chief Financial Officer and Treasurer
Yes. Sure, Truman. This is Charles. Not an increase in advertising spend.
Our advertising spend in terms of direct advertising, as a percentage of revenue, was very similar year over year. We did see a slight increase in co-broker. As we continue to have limited inventory, we see brokers on deals more frequently than we used to or historically. So we think -- so also some delevering there in terms of the revenue being down year over year.
And then pacing out through the rest of the year, I think selling certainly kind of demonstrates that it's predominantly variable, whereas G&A is predominantly more fixed. So I think as revenue increases throughout the year, we'll see some leverage there to get us into our original guidance range of 9% to 10% expected for the full year.
Truman Patterson -- Wolfe Research -- Analyst
All right. Thanks for taking my questions and good luck in the coming year.
Charles Merdian -- Chief Financial Officer and Treasurer
All right. Thanks, Truman.
Operator
Thank you. Your next question comes from the line of Carl Reichardt with BTIG.
Carl Reichardt -- BTIG -- Analyst
Hey, guys. Thanks for taking my question. Have you seen any shift at all, Eric, in the consumers who are looking to go to ARMs as opposed to a fixed rate right now?
Eric Lipar -- Chairman and Chief Executive Officer
We haven't. Our mortgage company doesn't even offer ARMs at this point. We're just focused on fixed rates.
Carl Reichardt -- BTIG -- Analyst
OK. And then just as a housekeeping, is the percentage of backlog, the 24% to 29%, how much of that is bulk wholesale to single-family rental operators?
Eric Lipar -- Chairman and Chief Executive Officer
About 10%. That's still our guidance for the year. Approximately 10% of the closings this year will come from the single-family rental space.
Carl Reichardt -- BTIG -- Analyst
And am I right that the stuff that's in backlog now, it's in backlog, but I think it's six to 12 months before you begin vertical construction on that? Or is that accelerated right now? I'm just wondering if that 10% closes this year based on the footnote in the release.
Eric Lipar -- Chairman and Chief Executive Officer
Yes. Yes. No, everything under backlog we'd expect to close this year.
Carl Reichardt -- BTIG -- Analyst
This year? OK.
Eric Lipar -- Chairman and Chief Executive Officer
Yes.
Carl Reichardt -- BTIG -- Analyst
OK. And then last question is when you talk about the change from sort of what has been frenzy to more moderation and more normalization and you've said that before in terms of what you think normalized paces. What are the actual signs of that, that you're seeing? Is it related to traffic or conversion rates of traffic or some other element that's giving you the sense that things are slowing, given that the orders themselves seem to be much more a function of just not having the product to move?
Eric Lipar -- Chairman and Chief Executive Officer
Yeah. I think it's similar to what the other builders have said, Carl, as well. It's been such an unbelievably hot market that it just cooled from there, but still solid demand. When we release houses for sale, maybe we don't sell every single one of them, but we sell most of them.
But we end up selling them all before they're complete. Our wait lists are not as robust as they used to be because we're going through our wait list. We're still not spending a lot of money on advertising because we don't have the houses for sale. So we've got our advertising ready to go and it can turn on the faucet when necessary.
But we're not there yet as we still don't have any finished houses done. So just signs that it's slowing off peak, but still a very solid market.
Carl Reichardt -- BTIG -- Analyst
And the new community openings that you've done in the last sort of, say, a quarter or so, I'm guessing that you're still seeing really good traffic, really good demand for those opening phases, yes?
Eric Lipar -- Chairman and Chief Executive Officer
We are. Yes. And we are opening three new communities this week, and we expect to see solid results as well.
Carl Reichardt -- BTIG -- Analyst
Super. OK. Thanks, Eric. Appreciate it.
Eric Lipar -- Chairman and Chief Executive Officer
All right. Thanks, Carl
Operator
Thank you. And our next question comes from the line of Alex Barron with Housing Research.
Alex Barron -- Housing Research Center -- Analyst
Yeah. Thank you, gentlemen. I know historically, you guys used to target a lot of rental communities and send mailers and stuff. Given the jump in pricing and interest rates, do you feel that your basic client base is changing? Is it now more maybe buyers coming from other builders? Or what has changed in your client base and your marketing?
Eric Lipar -- Chairman and Chief Executive Officer
Yeah. I mean, great question, Alex. We're not doing much marketing right now and haven't since the pandemic started because sales have been so robust. We haven't -- even before the pandemic, we wasn't doing nearly as much as direct mail because everything has went to the digital space, if you will.
So a lot more social media, Internet, digital marketing. And I think that trend will continue once we ramp up our marketing spend. But I think our buyer is exactly the same buyer, someone that's currently paying rents. But at today's prices and rates, that customer just can't have to be able to afford a higher monthly payment.
Maybe they're going to select a smaller floor plan to get -- keep that monthly payment as affordable as possible. But we still view ourselves as an affordable alternative to renting. And with rental rates increasing and the number of renters increasing across the country, we think we're well-positioned for the future.
Alex Barron -- Housing Research Center -- Analyst
Got it. And I think somebody else sort of asked this next question, but I'll try to ask in a different way. So right now, obviously, the closings were 1599 and I don't know if you'll stay at the 700 pace for the next couple of months, but let's say that's the case. It seems like a pretty big ramp-up in the back half to hit the deliveries guidance.
So are you guys starting a lot more spec homes to get there? Or do you expect a lot more closings to come from institutional buyers in the back half? Or what gets us there, I guess, is what I'm trying to ask?
Eric Lipar -- Chairman and Chief Executive Officer
Yeah. I think what's going to get us there is the increased community count, increased inventory. We're still seeing strong demand. So, yes, we are starting construction on as many houses as we can nationwide because we want to get some inventory built -- we need to get some inventory build because the demand we're seeing, both from the wholesale and our investors, and also the retail side.
So it's really the ramp-up of inventory. Community count is going to push us past that 9,000 number. To get to the high end of the range, I think we're going to need some relief on construction cycle times and supply chain disruption. Maybe that happens in the back half of the year, maybe it doesn't.
But I think that's the difference between 9,000 and 10,000.
Alex Barron -- Housing Research Center -- Analyst
Got it. All right. Thanks a lot. Best of luck.
Operator
Thank you. Your next question comes from the line of Ken Zener with KeyBanc.
Ken Zener -- KeyBanc Capital Markets -- Analyst
Good afternoon, everybody.
Eric Lipar -- Chairman and Chief Executive Officer
Good afternoon.
Ken Zener -- KeyBanc Capital Markets -- Analyst
I just want to give you some metrics and maybe you could kind of respond to how you think it will unfold because of all the public -- the larger public companies, you guys have had, I think, the highest growth rate in terms of units, market cap, etc.. So your inventory is up about 2% year over year, about 20% from March '20. Let's call that right before COVID. The industry's inventory overall for public builders is up about 25% and about 65% in units since that, say, March '20 backlog period.
And rates are going up. I know demand is very strong and deep as it relates to institutional investors. But how do you think this kind of plays out given -- I think Black Knight put out the fact that affordability is almost at an all-time low. Clearly, you're at the lower end and farther out, which I think has historically provided you very good dynamics.
But the whole industry is probably more units because of the slower cycle time. How are you going to manage that? What are you looking for to see deceleration since you're building homes in order to release them because the construction cycle times have been delayed? Like what are you looking at that would moderate the outlook you have right now for the industry?
Eric Lipar -- Chairman and Chief Executive Officer
Yeah. It's a great question. I think we're looking at everything is the answer. We're looking at every community nationwide, week by week.
We're monitoring traffic. We're monitoring sales, cancellations, closings. And we don't know what the future holds. We're optimistic about the future.
And I think a lot has to do with our people and the systems that we have in place. No matter what happens over the next couple of quarters with rates and supply chain, we think we have the systems in place to deal with that. We do believe that demand will normalize just because it's been so really strong over the last couple of years. But if closings slow down, we will adjust our inventory accordingly.
We believe that prices will remain high because our costs are going to remain high. And that's really just a question of absorptions. We'll adjust our inventory accordingly. And if things slow down considerably, how we look at that as it creates opportunity for LGI, whether it's M&A opportunity, buying more finished lots or land acquisitions opportunity, or stock buyback opportunities.
So we're optimistic under any scenario that's thrown at us, and we have the systems in place to succeed at anything that's thrown at us.
Ken Zener -- KeyBanc Capital Markets -- Analyst
And when you talk about normal, we could talk about construction cycle times, we could talk about the kind of six order pace or the industry is closer to four. We could talk about gross margins at 20%. I mean do all those things really make sense to you sooner versus later in terms of how you're managing your risk? Because you're obviously -- more than other builders, you're self-developing your land, which gives you hypothetically a lot of embedded equity.
Eric Lipar -- Chairman and Chief Executive Officer
Yes. No, I think that's accurate. We think everything is going to normalize. Gross margin being above, adjusted gross margin north of 30%, we don't think that will continue long term either because our adjusted gross margin every year pre-pandemic and pre last quarter is between 25% and 28%.
I think the key thing we're also looking at is on land acquisitions when we make a decision to go forward on a piece of property we're buying is making sure we are underwriting that at normalized absorptions. The costs are elevated when we're looking at deals to buy. We're not underwriting that costs are going to come down. We're not -- we're not estimating that the average sales prices are going to come down either, but the absorption we are looking closely at and the deals we are proving to proceed to closing are based on historical absorptions, not absorptions over the last 12 to 18 months.
Ken Zener -- KeyBanc Capital Markets -- Analyst
Thank you very much, gentlemen.
Eric Lipar -- Chairman and Chief Executive Officer
You're welcome. Thank you.
Operator
Thank you. And our next question comes from the line of Jay McCanless with Wedbush.
Jay McCanless -- Wedbush Securities -- Analyst
Hey. Thanks for taking my follow-ups. The first one I had, when I look at your gross margin guidance for the full year, are you all expecting, like some of your competitors we've heard from earlier in this earnings cycle, that potentially incentives and/or competition picks up and you might see back half gross margins to be a little bit lower than what you're seeing in the front half? Or just maybe how you all are thinking about gross margin trajectory through the rest of the year?
Charles Merdian -- Chief Financial Officer and Treasurer
Yeah. Great question, Jay. This is Charles. I think you're right.
I think for us, it really is just -- the back half of the year is just a little bit more unknown. So we feel very confident in terms of what we see in the existing backlog. But the third and fourth quarter are just yet to be determined. So I think it implies that we're moving toward that normalization that Eric was talking about, and just we're going to evolve back into that normal range.
And it seems likely or reasonable that, that may occur in the back half.
Jay McCanless -- Wedbush Securities -- Analyst
And then just wanted to ask following up on Carl's question, why -- I guess, why isn't your mortgage partner willing to offer ARMs? Is it something to do with your buyer base or just not wanting to take that type of risk in a moving rate environment?
Eric Lipar -- Chairman and Chief Executive Officer
Yes. I probably should have said we don't offer ARMs. I think if the customer wanted to really look in that, but we've just always ran it as a company that the borrowers are better off getting a fixed-rate mortgage. Rates are still -- in the historical realm still very good.
Most of our customers are getting interest rates in the fives on a fixed rate. So it's just -- we think it's a better option for most of our customers. But if there's someone that was passionate about it, our mortgage company certainly has the ability to offer ARMs, if necessary.
Jay McCanless -- Wedbush Securities -- Analyst
OK. OK. Great. Thanks again for taking the follow-up.
Eric Lipar -- Chairman and Chief Executive Officer
You bet.
Operator
Thank you. At this time, I'm not showing any further questions.
Eric Lipar -- Chairman and Chief Executive Officer
OK. Well, we appreciate everybody's time today and thanks for participating, and have a great day.
Operator
[Operator signoff]
Duration: 44 minutes
Call participants:
Josh Fattor -- Vice President of Investor Relations
Eric Lipar -- Chairman and Chief Executive Officer
Charles Merdian -- Chief Financial Officer and Treasurer
Deepa Raghavan -- Wells Fargo Securities -- Analyst
Doug Ward -- J.P. Morgan -- Analyst
Jay McCanless -- Wedbush Securities -- Analyst
Truman Patterson -- Wolfe Research -- Analyst
Carl Reichardt -- BTIG -- Analyst
Alex Barron -- Housing Research Center -- Analyst
Ken Zener -- KeyBanc Capital Markets -- Analyst
This article is a transcript of this conference call produced for The Motley Fool. While we strive for our Foolish Best, there may be errors, omissions, or inaccuracies in this transcript. As with all our articles, The Motley Fool does not assume any responsibility for your use of this content, and we strongly encourage you to do your own research, including listening to the call yourself and reading the company's SEC filings. Please see our Terms and Conditions for additional details, including our Obligatory Capitalized Disclaimers of Liability.
The Motley Fool has positions in and recommends LGI Homes. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | https://www.nasdaq.com/articles/lgi-homes-lgih-q1-2022-earnings-call-transcript | 2022-05-03T22:52:35Z | https://www.nasdaq.com/articles/lgi-homes-lgih-q1-2022-earnings-call-transcript | false | 2 |
HONOLULU (KHON2) – Imagine you’re a hotel worker, and a visitor asks you to recommend “a good beach to go to as a family.” If that visitor is injured at the beach you recommended, can you or the hotel be held responsible for those injuries? That’s what one visitor tried to prove in his lawsuit.
But a Hawaii court ruled that the Maui resort wasn’t liable for the injuries he suffered after he went to a beach several miles away at their employee’s recommendation and became paralyzed.
The incident happened in August 2012 when the visitor and his family were vacationing on Maui. In response to his inquiry about a “good beach” they could visit, the hotel employee suggested Big Beach and provided driving directions, court documents said.
The visitor and his family then drove to Makena State Park — a state-owned park — and parked in a lot adjacent to Big Beach where they situated themselves close to a lifeguard tower.
According to court documents, the walkway connecting the northernmost parking area with Big Beach contained a permanent “Dangerous Shorebreak” sign that stated “WARNING” in bold font above a pictogram of a person upside-down after being tossed by a wave. Under the pictogram, it says, “Waves break in shallow water[.] Serious injuries could occur, even in small surf[.] IF IN DOUBT, DON’T GO OUT.”
There were additional signs with red flags throughout the area. Lifeguards were also making warning announcements on the public-address (PA) system during the day, court document said. The visitor, however, claimed he did not remember hearing these announcements. He also couldn’t recall seeing the warning signs along the path, near the parking lot or on the beach.
Court documents said that the visitor waded into the water to join his family, who entered before him. He bobbed in the waves for about 10 minutes before deciding to get out.
“As he began a half-walk, half-breaststroke towards the shore, a breaking wave struck him from behind, causing his head to strike the sandy bottom of the ocean,” court documents said.
The visitor’s neck hyperextended, resulting in permanent paralysis.
Court documents said the visitor filed a second amended complaint alleging he suffered a paralyzing injury because the hotel employee negligently recommended that beach without providing any warnings of ocean hazards. The hotel asserted that it had no duty to warn him of the shorebreak because the beach was located miles away and was not affiliated with or under the control of the hotel. The hotel also said there were warning signs at the beach, and thus warned the visitor of the danger he could face.
According to court documents, the visitor also moved for summary judgment and argued:
- Innkeepers have an enhanced duty to warn guests of foreseeable dangers regardless of geographic location.
- Even if the hotel did not have a duty to warn, it assumed that duty by negligently recommending Big Beach to him.
- The shorebreak warning signs were irrelevant under the facts of this case.
The Circuit Court concluded that the hotel “had no general duty to warn its guests of dangers well beyond” the hotel’s properties and rejected the visitor’s argument that the hotel assumed a duty to warn by recommending the beach since the employee “made no representations or guarantees concerning safety.”
In addition, the Circuit Court said that even if the hotel had a duty to warn or assumed a duty to warn, “there can be no liability as a matter of law” because warnings were posted at Big Beach on the day in question, and those warnings complied with HRS § 663-1.56.
The Circuit Court made its final judgment on May 19, 2017. Hawaii’s Intermediate Court of Appeals upheld the dismissal of the case on March 31, 2022. | https://www.wnct.com/news/national/visitor-sues-hawaii-hotel-after-beach-recommendation/ | 2022-05-03T22:56:09Z | https://www.wnct.com/news/national/visitor-sues-hawaii-hotel-after-beach-recommendation/ | false | 30 |
Gulf War Vets Remembered at City Ceremony
The City of Fall River today paid tribute to veterans of the Gulf War and Operations Desert Storm and...
frmedia.orgThe City of Fall River today paid tribute to veterans of the Gulf War and Operations Desert Storm and...
frmedia.org | https://www.newsbreak.com/news/2588203567814/gulf-war-vets-remembered-at-city-ceremony | 2022-05-03T22:57:24Z | https://www.newsbreak.com/news/2588203567814/gulf-war-vets-remembered-at-city-ceremony | false | null |
Effective: 2022-05-01 18:39:00 EDT Expires: 2022-05-01 19:15:00 EDT Urgency: Immediate Severity: Severe Certainty: Observed Instruction: For your protection seek shelter inside a sturdy building and stay away from windows. Severe thunderstorms can produce large capsizing waves and frequent lightning. If on or near Lake Murray move away from the water and take shelter! Target Area: Lexington; Newberry; Saluda The National Weather Service in Columbia has issued a * Severe Thunderstorm Warning for Southern Newberry County in central South Carolina Northwestern Lexington County in central South Carolina East central Saluda County in central South Carolina * Until 715 PM EDT. * At 639 PM EDT, a severe thunderstorm was located near Batesburg-Leesville, moving northeast at 15 mph. HAZARD...60 mph wind gusts and quarter size hail. SOURCE...Radar indicated. IMPACT...Hail damage to vehicles is expected. Expect wind damage to trees and powerlines. * Locations impacted include Batesburg-Leesville, Red Bank, Dreher Island State Park, Chapin, Gilbert, Summit, Cedar Grove Fire Station, South Shore Marina, Oswald Park, Fredonia, Shull Island, Bundrick Island, Putnam`s Landing, Siesta Cove Marina, Murray, Rocky Point Recreation Area, Lake Murray Shores, Circle Fire Station, Delmar and Hollow Creek Public Park. This includes Interstate 20 in South Carolina between mile markers 50 and 53. HAIL THREAT...RADAR INDICATED MAX HAIL SIZE...1.00 IN WIND THREAT...RADAR INDICATED MAX WIND GUST...60 MPH | https://www.newsbreak.com/news/2588396620711/flood-warning-issued-for-grand-forks-by-nws | 2022-05-03T22:59:50Z | https://www.newsbreak.com/news/2588396620711/flood-warning-issued-for-grand-forks-by-nws | true | 50 |
MCLEAN, Va. (AP) _ Gladstone Capital Corp. (GLAD) on Tuesday reported fiscal second-quarter net income of $8.3 million.
On a per-share basis, the McLean, Virginia-based company said it had profit of 24 cents. Earnings, adjusted for investment costs, were 25 cents per share.
The real estate investment trust posted revenue of $17.3 million in the period.
_____
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on GLAD at https://www.zacks.com/ap/GLAD | https://www.newstimes.com/business/article/Gladstone-Capital-Fiscal-Q2-Earnings-Snapshot-17145647.php | 2022-05-03T23:05:01Z | https://www.newstimes.com/business/article/Gladstone-Capital-Fiscal-Q2-Earnings-Snapshot-17145647.php | false | null |
‘Xander’s Story’ Thursday at Canton Central
CANTON, New York (WWNY) - A ‘parents only’ discussion of the challenges students face is set for later this week at Canton Central School.
It will focus on three students who died because of social media-related issues: Xander Worthley, who died in April after participating in the ‘choking challenge’ on TikTok, and Shylynn Dixon and Riley Basford, two St. Lawrence County teens who committed suicide after being bullied online and threatened with exposure of personal photos.
“This is going further beyond the sextortion cases we heard about last year, but we’re now talking about online challenges and so forth,” said Alexa Backus, Director of the St. Lawrence County Youth Bureau.
Organizers said parents should be prepared for an honest discussion of the challenges students face. The session is at 7 PM Thursday at Canton Central.
Copyright 2022 WWNY. All rights reserved. | https://www.wwnytv.com/2022/05/03/xanders-story-thursday-canton-central/ | 2022-05-03T23:05:03Z | https://www.wwnytv.com/2022/05/03/xanders-story-thursday-canton-central/ | true | 1 |
Manhattan Pizza Chain Broke Labor Laws, Underpaid Workers for Years: NY AG
A New York pizzeria accused of underpaying workers for years has been ordered to pay $175,000 to nearly a dozen employees "cheated out of their pay," Attorney General Letitia James announced Friday. At least 10 workers will receive a payout after an investigation by James' office found Gotham Pizza...
www.nbcnewyork.com | https://www.newsbreak.com/news/2587539413617/manhattan-pizza-chain-broke-labor-laws-underpaid-workers-for-years-ny-ag | 2022-05-03T23:05:04Z | https://www.newsbreak.com/news/2587539413617/manhattan-pizza-chain-broke-labor-laws-underpaid-workers-for-years-ny-ag | false | null |
ANZ Bank Profit Tops Estimates on Strong Economy, Housing
(Bloomberg) --
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Australia & New Zealand Banking Group Ltd.’s first-half profit topped analyst estimates as the nation’s economy recovers from the pandemic.
Cash profit from continuing operations rose to A$3.1 billion ($2.2 billion) in the six months through March 31, compared with A$3 billion in the same period a year earlier, according to a statement Wednesday. That beat the A$2.89 billion estimate of six analysts surveyed by Bloomberg. The Melbourne-based firm will pay an interim dividend of 72 Australian cents per share.
With Australia’s economic recovery gathering steam and benchmark interest rates beginning to increase, banks still face fierce competition for home loans despite some pressure easing on margins.
“Investments in our home loan processing capacity in Australia drove positive balance sheet momentum while processing times are comparable to our major peers,” Chief Executive Officer Shayne Elliott said in the statement.
ANZ Bank also said it intends to lodge a formal application with regulators to set up a non-operating holding company. This will allow it to create distinct banking and non-banking groups within the firm, according to the statement.
Higher Rates
Australian lenders are lifting variable mortgage rates after the Reserve Bank of Australia on Tuesday delivered a bigger-than-expected interest-rate hike.
“Looking ahead, the economic environment is likely to be very different and we will continue to adjust our risk appetite, business settings and investment priorities as required,” Elliott said.
(Adds detail from fourth paragraph and CEO comments)
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©2022 Bloomberg L.P. | https://news.yahoo.com/anz-bank-profit-tops-estimates-220117447.html | 2022-05-03T23:07:04Z | https://news.yahoo.com/anz-bank-profit-tops-estimates-220117447.html | false | 1 |
CityLights, a leader in virtual reality specializing in bringing immersive cinematic storytelling to broader audiences, today announced that Oscar-nominated actor, Bryan Cranston, has signed on to voice its upcoming project, Experience Yosemite.
Cranston, who is most known for his Golden Globe and Emmy winning performance as Walter White in Breaking Bad, will voice the viewer’s immersive cinematic journey through one of the first National Parks of the United States.
“I’ve always felt a strong sense of adventure,” said Cranston. “From a young age I wanted to explore and experience all that this world had to offer. I’ve traveled to a lot of incredible places. But when I first saw Yosemite… my mind was blown. I was awestruck by its natural beauty and felt that everyone in the world should experience it. This experience is the next best thing… it majestically captures Yosemite from discovery to sustaining its natural wonder. I’m thrilled to be a part of bringing this unique experience to the masses.”
Experience Yosemite ushers in a new multisensory cinematic experience, communicating the ancient art of storytelling through a deeper, more powerful medium, intimately connecting viewers with this awe-inspiring place. The project details the park’s rich history, taking viewers from its native heritage through the groundbreaking work of John Muir and Ansel Adams to the natural beauty that continues to inspire thousands of visitors each year. The experience utilizes cutting-edge photogrammetry that was shot using advanced climbing and hiking techniques, as drones are not allowed within the National Park systems. Written by Gabriel Gavigan, directed by Joel Newton with VR development led by Louis Silverstein, this experience tackles significant cinematic challenges, creating a fully immersive snapshot of this vast and majestic place.
Experience Yosemite is produced by Garland Hunt Jr., Joel Newton and Greg Downing, alongside executive producers David Ganek, Bart Gavigan, and Jeffrey Travis. The experience will be released later this summer at the Positron VR Theater at Yosemite Cinema located in Oakhurst, CA. Guests will be able to experience the project via Positron’s state-of-the-art Voyager virtual reality motion chairs, precisely engineered to move on behalf of the viewer.
For more information on CityLights, visit https://www.citylightsvr.com/ | https://www.thehamdenjournal.com/world/bryan-cranston-announced-as-voice-of-new-yosemite-immersive-virtual-reality-experience-the-hamden-journal/170935/ | 2022-05-03T23:12:17Z | https://www.thehamdenjournal.com/world/bryan-cranston-announced-as-voice-of-new-yosemite-immersive-virtual-reality-experience-the-hamden-journal/170935/ | false | 1 |
The Mets dodged a bullet in the shape of a big, fat E1 on Tuesday afternoon, as what could have been a crucial fielding blunder by pitcher David Peterson ended up as nothing more than a footnote.
In the Mets’ 5-4 win to start their double-header against the Braves, a 5-1 lead quickly became 5-4 when Matt Olson followed Peterson’s error with a three-run crack into the Braves’ bullpen. Peterson, the obvious odd man out whenever Jacob deGrom returns from his scapula injury, was solid but unspectacular yet again.
His final line (five innings, four hits, four runs, six strikeouts) would have been much prettier if he was able to turn Ozzie Albies’ comebacker into an inning-ending double play. Instead, Albies became a base runner ahead of Olson’s home run, and one of the runs that turned a leisurely walk in the park into something much more stressful.
That’s why it pays to have talent in the batter’s box.
The Mets got all of their RBI from Francisco Lindor and Pete Alonso — their incumbent superstars — as well as Mark Canha and Eduardo Escobar, two of the transformational acquisitions from the offseason. Not to be outdone, Travis Jankowski (who was signed to a minor league deal three weeks before the season started) added two hits and scored three crucial runs while holding down the leadoff spot for the first time as a Met.
“He’s as excited as a guy going to his first game in Little League, playing today and leading off,” Showalter said of Jankowski. “Guys like him and [Luis] Guillorme bring it in situations like this. Trav’s been a pro. That’s why we wanted to keep him. He brings some tools that we need. He’s a great piece for us.”
Under a grayscale sky at Citi Field, the Mets and Braves’ infielders took turns flashing the leather. Guillorme filled in at shortstop so Lindor could begin the doubleheader as a DH. He only had to wait five pitches before making a diving play that immediately brought a smile to his pitcher’s face.
In the bottom of the second, with the Mets already on top 2-0 thanks to Alonso and Escobar’s RBI singles, Olson sprawled into the grass in foul territory to make a diving catch on Tomas Nido’s bunt attempt. Albies came back in the seventh with a diving snag of his own, snaring a hard-hit ball in shallow right field and firing to first to rob Lindor of a hit.
The biggest defensive play of the day, albeit a fairly easy one, came from an outfielder, though. With the Mets clinging to their 5-4 lead in the bottom of the seventh, Olson came up again, this time to face reliever Drew Smith. Olson ran the count full before taking the sixth pitch for a ball, sending up the equally powerful Austin Riley.
Riley came up hacking, fouling off two pitches. On a 2-2 count, the crack of his bat rang through a tense Citi Field, sending hearts into throats and outfielders to the warning track. But Starling Marte had just enough room — right where the right-center field fence juts in from the 380-foot mark — to make the catch.
Smith also came back for the eighth and set the Braves down in order. The unheralded pitcher has now begun his season with 10 straight scoreless appearances, giving him a 0.00 ERA in 11.1 innings. Smith, like his namesake on the offensive side who had a timely 4-for-4 game on Sunday, simply played too well for the Mets to send him down during their recent roster cuts.
“I can’t think too much about what’s happened in the past,” Smith said after logging two more clean innings. “You just gotta reset every time. It’s a good start, but it’s barely May. It’s a long season.”
The Edwin Diaz trumpets came in the ninth, and with Smith having already gotten through the thick of Atlanta’s lineup, the voltaic closer held on for his fifth save of the Mets’ season.
() | https://www.mercurynews.com/2022/05/03/mets-overcome-crucial-error-to-beat-braves-in-opening-game-of-double-header/ | 2022-05-03T23:15:40Z | https://www.mercurynews.com/2022/05/03/mets-overcome-crucial-error-to-beat-braves-in-opening-game-of-double-header/ | true | 7 |
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SAN JOSE, Calif. (KRON) — A San Jose Police Department officer was allegedly intoxicated while he was at a crime scene investigating a baby kidnapping, the police chief announced at a news conference held Tuesday afternoon.
“I apologize to the family of 3-month-old Brandon Cuellar. When any officer … tarnishes the badge, we all suffer the consequences,” Police Chief Anthony Mata said.
The police chief said he was “disappointed and dismayed” by the officer’s conduct.
The officer raised the suspicions of an FBI agent who was also at the crime scene where baby Brandon Cuellar was kidnapped from his grandmother’s apartment in San Jose on April 25. The FBI agent reported his suspicions to the officer’s department.
The officer was allegedly drunk while he was assigned to canvass the neighborhood to find witnesses of the baby kidnapping and evidence. Baby Brandon was found safe five miles away the following day, and two suspected kidnappers were arrested.
The SJPD’s police chief and assistant chief were peppered with questions from reporters at Tuesday’s press conference.
“Why did it take an FBI agent to say, ‘This guy is drunk?,'” and not one of his fellow SJPD officers? one reporter asked.
“That is a valid question. That’s part of what we need to investigate. We need to find out if there were officers either should have, or could have, recognized something with their colleague and didn’t,” Assistant Chief Paul Joseph said.
The officer’s name was not released. Joseph declined to release that officer’s rank, including whether he was a high-ranking commander.
Mayor Sam Liccardo joined Chief Mata at the news conference and told reporters, “I found this conduct to be both offensive and dangerous.”
Liccardo pointed out that the drunk on duty incident happened just weeks after another SJPD officer, De’Jon Packer, was found dead in his Milpitas home. A coroner determined that Packer died from a fentanyl drug overdose.
“And combined with what we know of the death of Officer Packard, it’s obvious we need to re-double our efforts. I support the chief’s efforts to ensure appropriate provision of treatment and mental health services to all of the officers. We will include a requirement for random drug and alcohol testing for all of our officers. It’s apparent that this needs to be made universal in the department. Doing so will enable the department to identify those officers who need help, need to get treatment, and critically keep those officers off the street so they are not imposing greater dangers on the public and their fellow officers,” Liccardo said.
Was the officer drinking during his shift, or did he drink before his shift began? another reporter asked.
“I’m not 100 percent certain. He was closer to the beginning (of his shift) than the end,” Joseph said.
“We are empathetic to people who are struggling with substance abuse, and we offer many opportunities for the officers and employees to get help. But if they chose not to seek that help … there will be consequences,” Joseph said.
Sean Pritchard, president of the San Jose Police Officers Association, issued a statement to KRON4 in response to the incident.
“On behalf of the honorable and hard working men and women who comprise the SJPD, we apologize to 3-month old kidnapping victim Brandon Cuellar, his mother, grandmother and Brandon’s entire family for the breach of trust caused by one of our officers being accused of being under the influence of alcohol while participating in the search for Brandon,” Pritchard said.
“There are no words to express our utter disappointment with the indefensible actions of this officer that have dishonored our profession by his irresponsible and dangerous disregard for his duty, he should be held accountable,” Pritchard wrote.
Chief Mata pledged to conduct a full investigation into the officer’s actions before, during, and after the baby kidnapping incident.
“I expect officers to come to work and serve and hold them to the highest standards. We believe in duty, honor, integrity. I will not tolerate inappropriate behavior,” Mata said.
KRON ON is streaming live now
— This breaking news story will be updated. Check back for updates. | https://www.wkbn.com/sports/big-10-sports/officer-was-drunk-at-san-jose-baby-kidnapping-scene-chief-says/ | 2022-05-03T23:20:55Z | https://www.wkbn.com/sports/big-10-sports/officer-was-drunk-at-san-jose-baby-kidnapping-scene-chief-says/ | false | 12 |
PHOENIX (AP) — The Phoenix Suns and Miami Heat are top seeds in the NBA playoffs and at the moment they look like it, coming off impressive performances.
Both have a chance to take 2-0 leads in their respective series on Wednesday and are strong favorites to get it done, according to FanDuel Sportsbook.
In the Western Conference, the Suns have a 10-game winning streak against the Dallas Mavericks, counting regular season games, going into Game 2. Deandre Ayton scored 25 points, Devin Booker added 23 and Chris Paul had 19 in Game 1 in a balanced and mostly dominant performance.
The Suns were up 21 points in the fourth quarter before a Mavs rally made it a two-possession game in the final minutes. Phoenix held on for a 121-114 win and said the game taught them a valuable lesson.
“Just break the dang gas pedal, that’s it, just break it,” Ayton said, referring to whether Phoenix lost its focus with the big lead.
As for the Mavericks, they need someone to help Luka Doncic, who scored 45 points, had 12 rebounds and eight assists in Game 1. Coach Jason Kidd said others need “to join the party” if Dallas is going to make this a competitive series.
“We have been here before,” Dallas forward Dorian Finney-Smith said. “Don’t overreact. We have to go back to the drawing board. We know how they are playing us now so we have to make our adjustment.”
In the Eastern Conference, the 76ers used plenty of lineups against the Heat in Game 1, and will continue to seek the right mix without league scoring champion and NBA MVP finalist Joel Embiid — who will miss Game 2 with an orbital fracture and concussion.
Miami won Game 1 106-92.
Going small worked at times for Philadelphia. When Miami figured out the counter, the game got away from the 76ers. But there were some elements that worked.
“The biggest adjustment for us is taking care of the darn ball,” Philadelphia coach Doc Rivers said Tuesday. “That’s being organized, being in the right spots, running your offense correctly. … To get in the game and let that pressure take us out of that, it’s not disheartening but really troubling.”
And a Game 1 loss certainly didn’t hurt Philadelphia’s confidence. Backup center Paul Reed made that clear after the game.
“Honestly, I think we can definitely beat this team,” Reed said. “I think we go out there, be more physical than them and play more aggressive and keep them on their heels, they’re going to fold.”
76ERS AT HEAT
Miami leads 1-0. Game 2, 7:30 p.m. EDT, TNT.
— NEED TO KNOW: Miami’s Bam Adebayo was 8 for 10 from the floor in Game 1, Tyler Herro got his shooting stroke back and the Heat won without a big night from Jimmy Butler (15 points). But the 76ers found things that they liked; zone defense worked to a certain extent, though exposed Philadelphia a bit on the offensive glass. Tobias Harris — who was great against the Heat in the regular season — had a game-high 27 points. “He killed us. We didn’t handle him well,” Heat coach Erik Spoelstra said.
— KEEP AN EYE ON: Philadelphia G James Harden. Only four shots and four points in the second half (granted, he didn’t play much of the fourth quarter) isn’t enough right now for a 76ers team without Joel Embiid. Harden doesn’t have to take 35 shots, but he and the 76ers need to find ways for him to try and score more.
— INJURY WATCH: Embiid (orbital fracture, concussion) remains out, though has taken the first steps toward escaping the concussion protocols. “He’s feeling a lot better. I don’t want to give false hope, either, so I’ll just stop there,” Rivers said. Miami PG Kyle Lowry (hamstring) has not played since Game 3 of the first-round series against Atlanta and will not play Wednesday. Butler had an excused absence on Tuesday, but is no longer on the Heat injury report.
— PRESSURE IS ON: Miami. All the Heat have done is win a home game. If Philadelphia steals Game 2, it gets the home-court advantage for the series. That, combined with the possibility of Embiid returning at some point, would be a huge boost to the 76ers.
MAVERICKS AT SUNS
Phoenix leads 1-0. Game 2, 10 p.m. EDT, TNT.
— NEED TO KNOW: The Suns were dominant for most of Game 1, looking much more like the team that led the NBA with 64 regular season wins. Deandre Ayton scored 25 points, Devin Booker had 23 and Chris Paul added 19. The Mavs hope they can take some confidence from a late-game run that made the score fairly close in the final few possessions. Mavs guard Luka Doncic was phenomenal with 45 points but needs help for the Dallas to get a road win.
— KEEP AN EYE ON: Dallas G Jalen Brunson. Arguably the biggest reason the Mavs are still playing in this postseason is Brunson, who was had some big games when Doncic missed the first three contests of the Jazz series with a strained calf. Brunson struggled in Game 1, scoring just 13 points on 6 of 16 shooting. He’ll need to be play better.
— INJURY WATCH: Dallas forward Maxi Kleber took a hard fall in the fourth quarter, landing on his upper back and neck after finishing a dunk. He stayed in the game to take his free throw but looked shaken. Kleber was a signficant contributor in Game 1, scoring 19 points and making five 3-pointers. Suns guard Devin Booker appeared to be at full strength in his second game back from a strained right hamstring, but he’ll still be closely monitored.
— PRESSURE IS ON: Dallas. The Mavericks have lost 10 straight games against the Suns, counting regular season games. Doncic — as usual — has been fabulous but if the Mavs can’t find him some help this could be a short series.
___
AP Basketball Writer Tim Reynolds in Miami contributed to this report.
___
More AP NBA coverage: https://apnews.com/hub/NBA and https://twitter.com/AP_Sports
___
AP Basketball Writer Tim Reynolds contributed to this story.
___
More AP NBA coverage: https://apnews.com/hub/NBA and https://twitter.com/AP_Sports | https://www.kark.com/news/top-seeded-suns-heat-playing-like-the-favorites-in-playoffs/ | 2022-05-03T23:26:25Z | https://www.kark.com/news/top-seeded-suns-heat-playing-like-the-favorites-in-playoffs/ | true | 31 |
Liverpool break club goal scoring record in comeback Champions League semi-final win over Villarreal
Liverpool broke their single-season goalscoring record on Tuesday in their 3-2 second-leg win over Villarreal in the Champions League semi-final.
The Reds, who advanced to the final with a 5-2 aggregate scoreline, have now found the net 139 times in 57 matches across all competitions in 2021-22.
They also remain in contention to earn the first quadruple in the history of Premier League football.
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What happened in the semi-final second leg?
Jurgen Klopp's team were made uncomfortable in the first half on Tuesday as a 2-0 lead entering the game evaporated.
However, in the second half, they scored three times in 12 minutes with the help of errors from Villarreal goalkeeper Geronimo Rulli.
Liverpool's record scoring campaign
The Reds have enjoyed a balanced attack this season, with four players reaching double-digit goal tallies.
Mohamed Salah leads the way with 30 goals, followed by Diogo Jota (21), Sadio Mane (21) and Roberto Firmino (11). Salah, Trent Alexander-Arnold and Andrew Robertson have also achieved double digits for assists.
Liverpool have become the first ever English club to reach the final of the European Cup or Champions League, FA Cup and League Cup in the same season. As a result of their success in all competitions, they will play in every possible game this season - 63 across all competitions.
Klopp meanwhile has reached the final of the Champions League for the fourth time as a manager, the joint-most of any coach in the competition along with Sir Alex Ferguson, Carlo Ancelotti and Marcello Lippi. | https://www.goal.com/en-us/news/liverpool-club-goal-scoring-record-champions-league/blta07e3c7c82fa4145 | 2022-05-03T23:28:04Z | https://www.goal.com/en-us/news/liverpool-club-goal-scoring-record-champions-league/blta07e3c7c82fa4145 | true | 10 |
Washington reaches $518M settlement with opioid distributors
SEATTLE (AP) — Months into a complex trial over their role in flooding Washington with highly addictive painkillers, the nation’s three largest opioid distributors agreed Tuesday to pay the state $518 million, with the vast majority being directed toward easing the addiction epidemic.
Attorney General Bob Ferguson announced the deal, noting that it’s worth tens of millions of dollars more than Washington would have received from the companies if it had signed onto a national settlement reached last summer involving the distributors and Johnson & Johnson.
The agreement still requires approval from a judge and from dozens of Washington cities that pursued their own cases against the distributors — McKesson Corp., Cardinal Health Inc. and AmerisourceBergen Corp.
Under the settlement, the state would have to spend $476 million of the total to address the opioid crisis, including on substance abuse treatment; expanding access to overdose-reversal drugs; and providing housing, job placement and other services for those struggling with addiction. The rest of the money would go toward litigation costs.
“We could have joined the overwhelming majority of states and settled with the the largest opioid distributors, but we chose to fight them in court instead,” Ferguson said. “That decision to take them to court will result in significant additional resources for Washington to combat the opioid epidemic.”
The three companies announced earlier this year that 46 states had signed onto the national settlement, under which they will pay nearly $20 billion over 18 years.
Ferguson, a Democrat, declined to join, calling what would have been the state’s $418 million share from the distributors insufficient. Instead, he decided to go to trial against the three distributors and separately against Johnson & Johnson.
The case against the distributors went to trial last November in King County Superior Court in Seattle, alleging violations of consumer protection and public nuisance laws, while the lawsuit against Johnson & Johnson is scheduled to go to trial in September.
The attorney general argued that the three companies shipped such a vast amount of drugs to Washington that it was obvious they were fueling addiction: Opioid sales in the state rose more than 500% between 1997 and 2011. In 2011, more than 112 million daily doses of all prescription opioids were dispensed in the state — enough for a 16-day supply for every resident. In 2015, eight of Washington’s 39 counties had more prescriptions than residents.
The companies rejected the accusations. They said they merely supplied opioids that had been prescribed by doctors, and it wasn’t their role to second-guess the prescriptions or interfere in the doctor-patient relationship.
Further, the companies argued, Washington state itself played a large role in the epidemic. In the 1990s, concerned that people in chronic pain were being undertreated, lawmakers passed the Intractable Pain Act, which made it easier to prescribe opioids.
In a written statement Tuesday, the distributors said the settlement “will further the companies’ goal of achieving broad resolution of governmental opioid claims while delivering meaningful relief to communities across the United States that have been impacted by the opioid epidemic.”
Over the last two decades, the deaths of more than 500,000 Americans have been linked to overdoses of opioids, including both prescription pain kills and illicit drugs such as heroin and illegally produced fentanyl.
Across the U.S., many lawsuits filed by governments over the toll of the drugs have been resolved in recent years — most with settlements, and some with judgments or verdicts in trials. So far, drug makers, distributors and pharmacies have agreed to settlements totaling well over $40 billion, according to an Associated Press tally.
The new Washington state settlement stands as the largest between a single state and a company or group of companies, topping a $484 million deal announced in March between CVS and Florida.
Trials are underway in courts in West Virginia, Florida and California. A decision has not yet been issued after another trial last year in West Virginia.
___
AP reporter Geoff Mulvihill in Cherry Hill, New Jersey, contributed.
Copyright 2022 The Associated Press. All rights reserved. | https://www.newschannel6now.com/2022/05/03/washington-reaches-518m-settlement-with-opioid-distributors/ | 2022-05-03T23:29:59Z | https://www.newschannel6now.com/2022/05/03/washington-reaches-518m-settlement-with-opioid-distributors/ | true | 32 |
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