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ImmunoCellular Therapeutics, Ltd. (OTCMKTS:IMUC – Get Rating) shares fell 5.4% on Monday . The stock traded as low as $0.40 and last traded at $0.40. 219 shares changed hands during trading, a decline of 97% from the average session volume of 8,617 shares. The stock had previously closed at $0.42.
ImmunoCellular Therapeutics Stock Performance
The stock’s 50-day moving average is $0.30 and its 200-day moving average is $0.27.
About ImmunoCellular Therapeutics
Immunocellular Therapeutics, Ltd. operates as a clinical-stage pharmaceutical company. It engages in developing drugs to transform therapeutic paradigms and enhance quality of life in patients suffering from infectious diseases; autoimmune diseases comprising rheumatoid arthritis; cachexia associated with AIDS and cancer; and retinal diseases.
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Receive News & Ratings for ImmunoCellular Therapeutics Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ImmunoCellular Therapeutics and related companies with MarketBeat.com's FREE daily email newsletter. | https://theenterpriseleader.com/2022/07/27/immunocellular-therapeutics-otcmktsimuc-stock-price-down-5-4.html | 2022-07-27T20:38:52Z | https://theenterpriseleader.com/2022/07/27/immunocellular-therapeutics-otcmktsimuc-stock-price-down-5-4.html | false | 1 |
You have your date all set up, however, you haven’t planned where to go yet. Sources of energy ? your date to a bar or a club? Bars and clubs are filled with people having fun, there’s lights and music and lots of alcohol to work around, what’s not to like? There’s plenty not to love, specifically if you want to get a nice date. The following are reasons to to heart the when you consider going into the bar or club inside your next date.
Nevertheless, let’s be appropriate. After realising the befalling belief that no woman had ever brought them drinks, many man I interviewed decided (on an autumn back) the way that they would strain to be got a new Drink Club.
Make sure you rest well not less 3 days before the start the situation. So many squash or tennis players attempt to practice and improve right as many as the last evening up until the event. Tournaments are taxing and require you will have to feel nice and clean. By all means practice but keep it short, directional and physically light during the last 3 days before the event. Learn to find the total between practicing to happy and know your timing when showing up in the ball Drink Club is good and laying. The old adage of waking up from an evening meal still aiming to eat a tad is best shown in training. Arrive at the tournament longing for competition not burnt from too much practice.
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For some people, a simple switch to water or unsweetened green tea supplement from their every day drinks could possibly make all build in turmoil when you are looking for weight . I had a friend who the heavy diet cola drinker who switched to water and claimed to choosing a lump sum 20 pounds in per month just from making this simple lifestyle modify.
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Do not explain to her an individual were discussing with her friend, just simply chat her up as well as get her about herself. Do a bit of magic for my child if just a cool trick, bya all means smile. Your current products do items and then ask for her number your girl friend will give it to your you can get date. Simply by just acting like had been not caught up. | https://christian-eriksson.co.uk/because-females-have-more-power-then-we-realize-2/ | 2022-07-27T20:39:11Z | https://christian-eriksson.co.uk/because-females-have-more-power-then-we-realize-2/ | false | 2 |
Melissa Paredes reported, through his Instagram stories on July 26, the resolution of the Prosecutor’s Office that definitively files the blackmail complaint filed by the father of his daughter, Rodrigo ‘Gato’ Cuba.
YOU CAN SEE: Lady Guillén criticizes Melissa Paredes’ daughter’s audio broadcast on her show: “It shouldn’t have been exposed”
Melissa Paredes: “My innocence is proven”
The former host of “América Hoy” shared the resolution of the Second Office of the Second Provincial Criminal Corporate Prosecutor’s Office of Santiago de Surco, which states: “It is not appropriate to formalize and continue with the preparatory investigation at the end of the complaint against Melissa Paredes Rodríguez for the alleged commission of the crime against Patrimony-Blackmail- to the detriment of Rodrigo Cuba”.
About this, Melissa Paredes said: “Once again my innocence is proven in all this defamation. The Superior Prosecutor’s Office definitively archives the complaint against me.”
YOU CAN SEE: Melissa Paredes captured in Family Court with her lawyer after her daughter’s restraining order
Will Melissa Paredes no longer go to prison?
In her second Instagram story, Melissa Paredes points out that the lawsuit for aggravated defamation, in which Rodrigo Cuba requests a civil compensation of 200,000 soles, in addition to two years and four months in prison, would not proceed either.
“The process against me for the crime of defamation resolves to flatly reject the complaint in which he asked me for 200,000 soles and two years in prison for myself,” wrote the actress of “Two Sisters.”
“We will continue step by step and with great faith”, he affirmed, and thanked his followers for the messages of encouragement he received.
#Melissa #Paredes #announces #Prosecutors #Office #definitively #filed #complaint #Gato #Cuba | https://pledgetimes.com/melissa-paredes-announces-that-the-prosecutors-office-definitively-filed-a-complaint-against-gato-cuba/ | 2022-07-27T20:39:16Z | https://pledgetimes.com/melissa-paredes-announces-that-the-prosecutors-office-definitively-filed-a-complaint-against-gato-cuba/ | true | 1 |
Big Brother: 5 Wonderful Changes We Already Love About Season 24
By Mick Joest published
This season has some real potential.
Big Brother Season 24 had a lot to live up to when the unprecedented changes in Season 23 erased some of the ugly trends that plagued the franchise since its beginning. The latest season immediately had a rocky start with Paloma Aguilar’s exit and mainstream news outlets reporting on the mistreatment of Taylor Hale, but some awesome things are happening in the game that are really making me love the new season.
CinemaBlend continues to track the events of the game with a Paramount+ subscription, and whether you’re a live feed viewer or someone just tuning in for episodes, there’s already plenty to love about Season 24. For anyone who might’ve hopped out early on, here are some of the changes happening in the game that are really wonderful.
The Live Feed Experience Is Vastly Improved
Big Brother’s live feeds set it apart from almost every other reality series, but I don’t think it’s a secret that the experience in recent years wasn't the greatest. Season 23’s feeds were consistently cut when a Houseguest sang or talked about something they shouldn’t, and Celebrity Big Brother Season 3 didn’t turn on its live feeds until it was already well into the game. These long gaps prevented viewers from seeing key game moments that would’ve provided more context to episodes and gave a feeling to some that subscribing to Paramount+ wasn’t worth it.
It seems like someone in power got the message because a lot of the past problems that Big Brother’s live feed devotees complained about are gone in Season 24. Feeds Bot confirms that outside of the day Paloma Aguilar left the game, they're active without cuts for a vast majority of the day. Of course, we’re still missing the usual competitions and ceremonies, but fans can now watch a solid chunk without the cameras cutting to the title card with music. It’s a significant improvement that improved the live feed experience, and I hope it continues as the season goes on.
Houseguests Are Targeting Actual Threats
The start of Big Brother Season 24 had a disappointing start, as many of the incoming Houseguests quickly gravitated towards the “popular kids” vs. “outcasts” trend. Taylor found herself the target of the house, as did Brittany Hoopes, because of their inability to make friends ASAP. It seemed like the house was in for a predictable season of a majority alliance systematically evicting people who never seemed to have a shot at winning, but something magical happened after Paloma exited the game.
Jasmine Davis flipped the script with her Head of Household, as did Joe “Pooch” Pucciarelli. Pooch volunteering to be a pawn helped Jasmine and others realize it was better to take out an actual threat to advance their game, which spared Taylor another week. In Week 3, Matt Turner is doing the same thing and targeting Ameerah Jones. It’s good to see the actual competitive threats and well-aligned Houseguests up for eviction early and surprisingly going home while weaker targets stay. It’s actually shifting the balance of who is really considered a powerful player in Season 24 and making for some dynamic and entertaining gameplay.
There Haven't Been Wall Yellers Or Game Interference
Big Brother fans are a passionate bunch, but sometimes that passion can go way overboard to the point that it ruins the integrity of the game. Disgruntled fans upset by the actions of other Houseguests or who hope to change the game for other players have gone to extreme lengths. Recent examples include Season 21’s bullhorn incident or the Season 22 wall yeller who tried to expose the partnership of Cody Calafiore and Nicole Franzel.
These incidents are almost always a nightmare for the Houseguests, who lose the backyard when it happens. Live feed viewers also are impacted while production puts the Houseguests on lockdown. If all that wasn’t bad enough, it rarely ever changes anything already set in motion game-wise, so there are really only downsides to it. Thankfully, that doesn't seem to be happening in Big Brother 24 yet, and if the season remains interesting, I wouldn’t expect it to occur.
Houseguests Are Standing Up For The Mistreatment Of Others
As previously mentioned, Big Brother Season 24 quickly made mainstream headlines when Houseguests targeted Taylor and isolated her from the rest of the house. The opening days on live feeds were reminiscent of past controversies, with Houseguests enduring microaggressions and racism by other players. It felt like a massive step back after the improvements in Season 23, and like the game may never truly shake those issues. Taylor saw the block twice in the first two weeks, and it seemed like she’d continue to see the block and be targeted as a “house problem” by Houseguests until they finally evicted her.
That all changed with Turner, who decided to go against the grain. He saw no value in taking out someone with no significant status in the game, and neither did Joseph Abdin and Kyle Capener. It all resulted in a partnership that combined their forces with the outcasts in the game, and “The Leftovers” was born. It’s an alliance that could go far in Big Brother, and it all started with someone doing the right thing and sticking up for the mistreatment of another Houseguest. That’s not something that happens often in the reality series, so it’s great to see it happening after how things originally started.
Actual Blindsides And Unexpected Twists Are Happening
While the episodes might suggest otherwise, live feed viewers know that Big Brother can get very formulaic once the game is underway. Decisions are usually set in stone on who’s getting evicted as early as Sunday, which makes for boring feeds from Monday to Thursday as the Houseguest going home slowly realizes their fate. Season 24 broke from tradition when the house surprised Pooch with his 12-0 vote eviction.
Now, as Week 3 draws to a close, it’s looking like the eviction might even result in a split vote, a true rarity in modern Big Brother. If the house starts playing the deception game and continues to keep others in the dark, some wild things will happen, and I’m 100% here for it. Big Brother can be a very exciting game, and blindsides and truly unexpected events help that along greatly.
Big Brother airs on CBS (opens in new tab) on Sundays and Wednesdays at 8:00 p.m. ET and on Thursdays at 9:00 p.m ET. Here’s hoping the season stays on track from this promising start and gives many fans the type of season they’ve hoped to see for a while.
Mick likes good television, but also reality television. He grew up on Star Wars, DC, Marvel, and pro wrestling and loves to discuss and dissect most of it. He’s been writing online for over a decade and never dreamed he’d be in the position he is today.
Your Daily Blend of Entertainment News
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PR Newswire
BETHESDA, Md., July 27, 2022
Gaylord Hotels' Expands Footprint with Sixth Resort and Convention Center in Southern California
BETHESDA, Md., July 27, 2022 /PRNewswire/ -- Marriott International, Inc. today announced the commencement of construction on the Gaylord Pacific Resort and Convention Center (the "Gaylord Pacific"). A ceremony was held this morning on the 500+ acre Chula Vista Bayfront, site of the anticipated 1.8 million-square-foot Gaylord Pacific. The event was attended by the Gaylord Pacific's developers RIDA Development Corporation ("RIDA Development") and Ares Management ("Ares"), finance partners, officials from the City of Chula, Port of San Diego, and State of California, Marriott executives, group customers, and other project supporters.
"We are thrilled to announce the growth of the Gaylord Hotels brand with the addition of the Gaylord Pacific Resort & Convention Center," said Anthony Capuano, CEO, Marriott International. "Adding a West Coast group destination of this scale and quality to Marriott's portfolio will provide our customers the exceptional meetings and events service and design that the Gaylord Hotels brand is known for in a highly desired, premier Southern California location."
Marriott International will manage the resort and convention center under a long-term management agreement. Russ Mitchell, most recently Director of Sales and Marketing at the Marriott Marquis San Diego Marina, will serve as the Director of Sales and Marketing for the Gaylord Pacific and will lead a team with the goal of pre-booking more than 1.5 million room nights prior to opening.
The Gaylord Pacific is anticipated to have 1,600 hotel rooms, including 89 spacious suites with 12 Presidential suites. The project is expected to welcome its first guests in the summer 2025 and to serve as a key component of the Chula Vista Bayfront, located in Chula Vista and within close proximity to San Diego. The resort will offer 360-degree views with San Diego Bay to the west and Chula Vista Marina to the south providing unobstructed views across the bay and on to the Pacific Ocean.
Master of Ceremonies for the event, Ira Mitzner, CEO of RIDA Development Corp, stated, "The closing of the Gaylord construction loan and the commencement of construction will bring over 10,000 construction jobs and over 4,000 direct and indirect permanent jobs to the state of California. This $1.275 billion project represents the finest of public-private partnership and will create a strong and unique economic engine for the City of Chula Vista, Port of San Diego, and State of California for many decades to come."
"We are excited to celebrate the groundbreaking for the Gaylord Pacific and the further expansion of our collaboration with RIDA Development and Marriott," said Andrew Holm, Partner in Ares Real Estate. "We are pleased to have the support from the City of Chula Vista, Port of San Diego, and the State of California, and we look forward to working closely with them to realize the potential benefits for stakeholders in the community."
Marriott, together with the owner and development led by RIDA Development and a Real Estate fund managed by Ares Management, announced the closing on a $685 million construction loan from Wells Fargo Bank as co-lead arranger for a nine-bank consortium, including co-lead arranger Bank of America, documentation agents: Fifth Third Bank, Scotia Bank, Sumitomo Mitsui Banking Corporation, and participants: Frost Bank, Goldman Sachs, MidFirst Bank, and Taiwan Business Bank.
A construction loan from JPMorgan Chase Bank as sole lead arranger in the amount of $383 million was secured by the City and Port to support the public investment in the project.
Gaylord Pacific is expected to offer nine signature dining options with more than 418,746 square feet of indoor and outdoor convention center space, inclusive of a flexible 143,553-square-feet, carpeted exhibit hall, up to 62 technologically advanced breakout and conference rooms, five outdoor event lawns and terraces. Plans for the hotel include an expansive, glass lobby atrium with spectacular views of the San Diego Bay along with nine restaurants and bars, full-service Relâche signature spa and salon, and a state-of-the-art fitness center. The resort is also slated to feature a premium outdoor waterpark complex with water slides, a full wave pool, adult and kid's pools, and a lazy river as well as ample pool seating and cabanas.
"Chula Vista deserves the best economic opportunities, and we have always believed our city is worthy of a world-class bayfront. Many years of effort have brought us to this point and I am overjoyed this day has finally come," said Chula Vista Mayor Mary Casillas Salas. "The economic impacts of this investment will reverberate throughout our city and region with the temporary construction jobs but also the 4,000 direct and indirect permanent jobs that will be created."
Located in sunny Southern California, the Chula Vista Bayfront is a waterfront site located seven miles south of downtown San Diego. The Chula Vista Bayfront will serve as a mixed-use development, to be built in phases over several years. The potential economic impact of the project is estimated at more than $14 billion of economic activity for the State of California.
"We celebrate our partnership with RIDA Chula Vista, LLC on this historic day, as we break ground on the Gaylord Pacific Resort and Convention Center on the Chula Vista Bayfront," said Port of San Diego Chairman Dan Malcolm. "As a public-private partnership, this is a model of how government agencies and the private sector can work together. This world-class project will fulfill the great potential of this waterfront site — attracting visitors from throughout the State of California and beyond and creating massive economic impact for our region."
"The Chula Vista Bayfront in Southern California provides unmatched waterfront views, and a unique blend of urban amenities and coastal access. As the largest undeveloped waterfront site on the West Coast, and with proximity to San Diego and the U.S.-Mexico border, our bayfront is attracting national attention as we continue executing a fully approved, shovel-ready master plan," said Port of San Diego Commissioner Ann Moore, who represents Chula Vista on the seven-member board. "Our selected partner, RIDA Chula Vista, LLC, is developing the bayfront's most high-profile and desirable site – a defining project for this cherished destination. Our region warmly welcomes the construction of the Gaylord Pacific Resort and Convention Center, and we look forward to seeing it take shape along our bayfront skyline."
Luke Charlton, Chief Operating Officer of RIDA Development Corporation, summarized today's event as follows: "Today's groundbreaking is the culmination of decades of planning that the City of Chula Vista and the Port of San Diego led with tremendous foresight; knowing the potential that the Bayfront held could only be realized when this complex public private partnership was completed and the catalyst project, Gaylord Pacific Resort and Convention Center was under construction. We are grateful for the partnership and support of Ares, Marriott, the Port, the City, and our lenders as we build the future of the Bayfront and are proud to bring this world class convention resort to Southern California."
Marriott International currently operates five Gaylord Hotels across Nashville, Tennessee; Kissimmee, Florida; Grapevine, Texas; National Harbor, Maryland; and Aurora, Colorado.
About Marriott International
Marriott International, Inc. (NASDAQ: MAR) is based in Bethesda, Maryland, USA, and encompasses a portfolio of more than 8,000 properties under 30 leading brands spanning 139 countries and territories. Marriott operates and franchises hotels and licenses vacation ownership resorts all around the world. The company offers Marriott Bonvoy®, its highly awarded travel program. For more information, please visit www.marriott.com. In addition, connect with us on Facebook and @MarriottIntl on Twitter and Instagram.
About Gaylord Hotels
Gaylord Hotels, part of the Marriott portfolio of brands, offers extraordinary environments with everything in one place—diverse dining options, full-service spas, pools, top-notch entertainment, shopping and more. Locations include Gaylord Opryland in Nashville, Tennessee; Gaylord Palms in Kissimmee, Florida; Gaylord Texan on Lake Grapevine, Texas; Gaylord National on the Potomac in National Harbor, Maryland; and Gaylord Rockies in Aurora, CO.
About RIDA Development Corporation
RIDA Development Corporation has achieved an international reputation for creating innovative, high-quality, and successful real estate ventures. Headquartered in Houston, Texas, and founded in 1974 by David Mitzner, RIDA operates major divisions in California, Texas, Florida, and Europe. RIDA is currently managing and developing retail, office, distribution, residential, hotel and mixed-use land developments with a value in excess of $7 billion. As one of the nation's most active conference hotel developers, RIDA's projects have earned it a reputation as one of the industry's leading development organizations. For more information, please visit www.ridadev.com.
About Ares Management Corporation
Ares Management Corporation (NYSE: ARES) is a leading global alternative investment manager offering clients complementary primary and secondary investment solutions across the credit, private equity, real estate, and infrastructure asset classes. We seek to provide flexible capital to support businesses and create value for our stakeholders and within our communities. By collaborating across our investment groups, we aim to generate consistent and attractive investment returns throughout market cycles. As of March 31, 2022, Ares Management Corporation's global platform had approximately $325 billion of assets under management, with over 2,100 employees operating across North America, Europe, Asia Pacific, and the Middle East. For more information, please visit www.aresmgmt.com.
View original content to download multimedia:https://www.prnewswire.com/news-releases/marriott-international-rida-development-corporation-and-ares-management-announce-commencement-of-construction-of-gaylord-pacific-resort-and-convention-center-301594649.html
SOURCE Marriott International, Inc. | https://www.gurufocus.com/news/1836863/marriott-international-rida-development-corporation-and-ares-management-announce-commencement-of-construction-of-gaylord-pacific-resort-and-convention-center | 2022-07-27T20:41:09Z | https://www.gurufocus.com/news/1836863/marriott-international-rida-development-corporation-and-ares-management-announce-commencement-of-construction-of-gaylord-pacific-resort-and-convention-center | true | 11 |
GENEVA (AFP) - A UN watchdog voiced alarm on Wednesday (July 27) at deteriorating rights in Hong Kong, especially calling on the Chinese territory to repeal the sweeping National Security Law imposed by Beijing two years ago.
The UN Human Rights Committee, which oversees respect for a global treaty on civil and political rights, said it was "deeply concerned about the overly broad interpretation of and arbitrary application of the law".
In its report, which was harshly criticised by the Hong Kong government, the committee said the territory should "take concrete steps to repeal the current national security law and, in the meantime, refrain from applying the law."
The committee is made up of 18 independent experts who are appointed by the UN but do not speak on its behalf.
It pointed out that the law had reportedly led to "the arrests of over 200 persons since its enactment in 2020, including 12 children, on grounds of endangering national security".
The 2020 security law, imposed amid a sweeping crackdown after pro-democracy protests engulfed the city, criminalised subversion, secession, terrorism and collusion with foreign forces.
Since the law took effect, opposition has been quashed and most leading democracy figures have fled the country, been disqualified from office or jailed.
'Unsubstantiated criticisms'
The committee does not review China, which has not ratified the International Covenant on Civil and Political Rights (ICCPR), but Hong Kong became a party to the covenant through the Basic Law that enshrined the territory's semi-autonomous status in the handover from Britain 25 years ago.
Hong Kong slammed the findings presented after the committee's fourth review of the territory, which involved a dialogue with authorities.
A spokesman for Hong Kong's Constitutional and Mainland Affairs Bureau said authorities were "completely dismayed that the committee continues to express unsubstantiated criticisms".
"It should be stressed that the National Security Law was enacted to restore the enjoyment of rights and freedoms which many people in (Hong Kong) had been unable to enjoy during the period of serious violence between June 2019 and early 2020," he said.
In its conclusions, the committee lamented that the security law was not in line with the ICCPR and had been enacted "without consultation with public and civil society" in the city.
'Lack of clarity'
It also warned that its "lack of clarity" made it difficult to determine what behaviours and conduct constituted a criminal offence.
And it decried that the law resuscitated sedition as an offence for the first time in decades, pointing to how it was used to charge academics, journalists and others "for having exercised their legitimate right to freedom of speech".
The committee lamented that national security cases could be transferred to mainland China, as well as "the excessive power" afforded to Hong Kong's chief executive under the law.
This, it warned, "can effectively undermine the independence of judiciary and procedural safeguards for access to justice and right to a fair trial".
Committee vice-chairman Christopher Arif Bulkan told reporters the experts were also concerned that Hong Kong "had not provided explicit assurances" that civil society members who had assisted in the committee's review would not face charges under the law, although no such reprisals had so far been reported.
The experts also voiced alarm at the widespread use of police force against protesters, warning the guidelines in place were allegedly not in line with international human rights standards.
They pointed to the use of "rubber pellets, sponge bullets, tear gas and water cannons containing chemical irritants, against unarmed protesters including pregnant women, bystanders, commuters and journalists during protests from July to November 2019".
The experts called on Hong Kong to "take concrete measures to effectively prevent and eliminate all forms of excessive use of force by law enforcement officers," and to investigate all allegations of excessive use of force "promptly, thoroughly and impartially".
The committee requested that Hong Kong provide information about how it had implemented the experts' recommendations within three years. | https://www.straitstimes.com/asia/east-asia/hong-kong-must-repeal-national-security-law-says-un-rights-watchdog | 2022-07-27T20:44:09Z | https://www.straitstimes.com/asia/east-asia/hong-kong-must-repeal-national-security-law-says-un-rights-watchdog | true | 2 |
The housing market is one of the sectors of the economy most directly affected by the Federal Reserve raising interest rates. Those increases are affecting people trying to buy and sell homes.
Copyright 2022 NPR
The housing market is one of the sectors of the economy most directly affected by the Federal Reserve raising interest rates. Those increases are affecting people trying to buy and sell homes.
Copyright 2022 NPR | https://www.kunc.org/2022-07-27/how-interest-rates-are-affecting-house-buyers-and-sellers | 2022-07-27T20:44:16Z | https://www.kunc.org/2022-07-27/how-interest-rates-are-affecting-house-buyers-and-sellers | true | null |
DUBLIN--(BUSINESS WIRE)--Jul 27, 2022--
The "Mobile Physician Practice Market Intelligence Report - Global Forecast to 2027" report has been added to ResearchAndMarkets.com's offering.
The Global Mobile Physician Practice Market is projected to reach USD 5,495.84 million by 2027 from USD 3,759.41 million in 2021, at a CAGR 6.53% during the forecast period.
In this report, the years 2019 and 2020 are considered historical years, 2021 as the base year, 2022 as the estimated year, and years from 2023 to 2027 are considered the forecast period.
The report on mobile physician practice identifies key attributes about the customer to define the potential market and identify different needs across the industry. Understanding the potential customer group's economies and geographies can help gain business acumen for better strategic decision-making.
Our market coverage across different industry verticals reveals the hidden truth about the players' strategies in different verticals and helps the organization decide target audience.
This report gives you the composite view of sub-markets coupled with comprehensive industry coverage and provides you with the right way of accounting factors such as norms & regulations, culture, to make right coverage strategy for your market plan.
Report Highlights
- The Americas Mobile Physician Practice Market size was estimated at USD 915.39 million in 2021 and expected to reach USD 945.05 million in 2022, at a CAGR 5.56% to reach USD 1,266.88 million by 2027.
- The Asia-Pacific Mobile Physician Practice Market size was estimated at USD 862.76 million in 2021 and expected to reach USD 932.04 million in 2022, at a CAGR 7.15% to reach USD 1,306.14 million by 2027.
- The Europe, Middle East & Africa Mobile Physician Practice Market size was estimated at USD 1,981.24 million in 2021 and expected to reach USD 2,112.09 million in 2022, at a CAGR 6.69% to reach USD 2,922.81 million by 2027.
Company Usability Profiles:
- Amwell
- Babylon Inc.
- Centene Corporation
- Doctor on Demand, Inc.
- iCliniq
- LBMC Family of Companies
- Mobile Care Group
- Mobile Physician Services, Inc.
- Modern Mobile Medicine
- NovoCura Tech Health Services
- PatientPop, Inc.
- PlushCare
- Resurgia Health Solutions LLC
- Springhill Physician Practices
- Team Health Inc.
- Team Select Home Care
- Teladoc Health, Inc.
- Visiting Nurse Association Health Group
Scope of the Report
Type:
- Emergency Medicine
- Telehealth
Services:
- Monitoring Services
- Pain Management
- Palliative Care
- Primary Care
- Rehabilitation Services
- Short-Term Episodic Care
- Wound Care
End-user:
- Assisted Living Facility
- Home Healthcare
- Hospices
- Nursing Care
Region:
- Americas
- Argentina
- Brazil
- Canada
- Mexico
- United States
- California
- Florida
- Illinois
- New York
- Ohio
- Pennsylvania
- Texas
- Asia-Pacific
- Australia
- China
- India
- Indonesia
- Japan
- Malaysia
- Philippines
- Singapore
- South Korea
- Taiwan
- Thailand
- Europe, Middle East & Africa
- France
- Germany
- Italy
- Netherlands
- Qatar
- Russia
- Saudi Arabia
- South Africa
- Spain
- United Arab Emirates
- United Kingdom
For more information about this report visit https://www.researchandmarkets.com/r/whmup4
View source version on businesswire.com:https://www.businesswire.com/news/home/20220727005838/en/
CONTACT: ResearchAndMarkets.com
Laura Wood, Senior Press Manager
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
KEYWORD:
INDUSTRY KEYWORD: HEALTH PRACTICE MANAGEMENT OTHER HEALTH
SOURCE: Research and Markets
Copyright Business Wire 2022.
PUB: 07/27/2022 11:57 AM/DISC: 07/27/2022 11:57 AM
http://www.businesswire.com/news/home/20220727005838/en | https://www.eagletribune.com/region/mobile-physician-practice-market-intelligence-report---global-forecast-to-2027---researchandmarkets/article_f0beda53-20d8-5262-b170-cf7f91913279.html | 2022-07-27T20:45:18Z | https://www.eagletribune.com/region/mobile-physician-practice-market-intelligence-report---global-forecast-to-2027---researchandmarkets/article_f0beda53-20d8-5262-b170-cf7f91913279.html | true | 1 |
Tony Dow, who played Wally on the sitcom "Leave it to Beaver," has died.
In a statement on Dow's Facebook page, Tony's son, Christopher, confirmed that the actor died early Wednesday morning with family by his side.
"Although this is a very sad day, I have comfort and peace that he is in a better place," Christopher said.
News of Dow's death led to confusion on Tuesday. His management team prematurely said the actor had died. Dow's wife later clarified that he was in hospice care.
Dow was diagnosed with cancer earlier this year. However, the type of cancer he was battling has not been disclosed.
Dow was 77 years old. | https://www.kjrh.com/news/national/tony-dow-who-played-wally-on-leave-it-to-beaver-dies-at-age-77 | 2022-07-27T20:47:16Z | https://www.kjrh.com/news/national/tony-dow-who-played-wally-on-leave-it-to-beaver-dies-at-age-77 | true | null |
Steelers QB Mitch Trubisky saying all the right things at training camp
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Mitch Trubisky joined the Pittsburgh Steelers this offseason in hopes of ressurecting his career. Now he finds himself in a quarteback position battle in training camp with veteran Mason Rudolph and rookie Kenny Pickett. Nevertheless, while Trubisky acknowledges the competition, he’s saying all the right things about working with the rookie Pickett.
“It’s just being a great teammate everyday,” Trubisky said. “Just having those conversations whether it’s in the meeting room or the locker rooms or wherever we’re at at practice. Helping him if he has any questions and just sharing my experiences with him.”
While this is a noble stand for Trubisky and I can certainly appreciate it, he can’t lose sight of the fact he’s competing for this starting job and this team needs him to be his best. Pittsburgh is hoping to get 2018 Trubisky where he maximized the talent of guys around him. This is going to require focus and dedication to mastering Matt Canada’s offense. Any mentoring of Pickett needs to be done with the big picture in mind.
Mitch Trubisky knows he’s in a QB competition, but won’t refuse helping rookie Kenny Pickett. #Steelers @937theFan pic.twitter.com/Oktkka2zNQ
— Josh Rowntree (@JRown32) July 27, 2022 | https://sports.yahoo.com/steelers-qb-mitch-trubisky-saying-190053820.html?src=rss | 2022-07-27T20:48:10Z | https://sports.yahoo.com/steelers-qb-mitch-trubisky-saying-190053820.html?src=rss | true | 2 |
Seeing double: Identical twin brothers fulfill pilot dreams at Alaska Airlines July 25, 2022 Alaska Airlines 3 min read Share Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window) Alaska Airlines First Officers Alan and Alex — Photos by Joe Nicholson Someday, on an Alaska Airlines flight, you may just find yourself doing a double take when walking by the flight deck. That’s because we just hired a new pilot who happens to be the identical twin brother of another Alaska pilot. We believe Alex and Alan are our first set of identical twin pilots (but when you’ve been around for 90 years, you can’t be 100% certain). Alan, who just finished simulator training, will be based in San Francisco, while his brother Alex flies out of Los Angeles. A career – years in the making The brothers have their parents to thank for their love of aviation. Ever since they were three years old, they would go plane spotting with their dad every Sunday after church. Their mom also brought them along on every business trip where they were bored with everything except the flights. The brothers moved from Kenya to California when they were 13 and brought their love of airplanes with them. Alan remembers their mom buying them Microsoft Flight Simulator to help support their passion. “After I started playing with the program, that was it. I knew I wanted to do that [fly] for a job,” says Alan. The path to Alaska 13-year-old brothers sit in the flight deck of a commercial aircraft. Alaska was the first choice for Alan when he was looking to move on from the regional airlines. Working for the same company as his brother was enticing, but he was also drawn in by the people and company culture, he says. “When I was working as a fueler, Alaska employees – whether it was pilots or people working across the operation – were always the nicest people who reached out to encourage me,” said Alan. Alex agrees: “Alaska is like a family – you’re not a number.” He appreciates how employees like Captain Rich, Anchorage base chief pilot remembered him and encouraged him through the interview process. Sharing the flight deck Because of the complexity of our operation, it’s not common for pilots who are family members to be able to fly with each other, but that’s the brothers’ goal. “We’ve never flown together professionally because we’ve always been on different aircraft,” said first officer Alex. “The goal is to have one of us upgrade to captain and be operating the same aircraft so we can fly together.” When they’re finally able to fly together, there’s one special person who needs to be in the cabin—their mom—who was so instrumental in fostering the brothers’ love of aviation, hasn’t ever flown with one of her sons. “We have to get her on one of our flights,” said Alex. Alex Alan Alan and Alex Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window) Related Leave a Reply Cancel replyYour email address will not be published. Required fields are marked *Comment * Name * Email * Δ | https://news.alaskaair.com/alaska-airlines/alaska-airlines-identical-twin-pilots/ | 2022-07-27T20:49:29Z | https://news.alaskaair.com/alaska-airlines/alaska-airlines-identical-twin-pilots/ | true | 2 |
Alaska Airlines cooks up new vegan & plant-based options for travelers seeking fresh, healthy options July 27, 2022 Alaska Airlines 4 min read Share Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window) We serve freshly prepared meals and snacks for breakfast, lunch and dinner & always include a vegetarian option. This summer, we’re excited to offer guests our ”Soy Meets World” salad, a new vegan friendly option. Photos by Ingrid Barrentine. We’ve filled our flight menu with a range of fresh, bright flavors inspired by the West Coast, including new vegan, plant-based options. This summer, Alaska Airlines guests can veg out on board with more gluten friendly, plant-based and vegan meal optionsavailable in all cabins. We’re listening to our guests who told us that they are looking for more plant-based menu options when traveling. Our new vegan option, called the “Soy Meets World,” is a vegan salad developed in partnership with Evergreens, a West Coast-based company that makes gourmet, freshly chopped salads. We’re thrilled to offer our guests more healthy and nutritious choices when they fly with us,” said Todd Traynor-Corey, managing director of guest products. “We built our menu thoughtfully to offer more plant-based, vegan and gluten-free options, which include a range of fresh, bright flavors inspired by the West Coast and ingredients that are authentically healthy by nature such as roasted broccoli, crisp romaine and baby lettuce greens, quinoa, fresh fruit and more.” Our Soy Meets World vegan salad includes roasted broccoli, fresh cucumber slices, scallions, pickled carrots, fried tofu and brown rice served over a bed of crisp romaine and baby lettuce greens, topped with roasted cashews, fried onions and paired with a Tamari Chili-Lime dressing.Chicken & Mango Salsa Wrap – Fresh summer wrap with Jamaican jerk-spiced roasted chicken breast, Pepper Jack cheese, mango salsa, baby arugula, and scallion cream cheese. Served with fresh grapes and crisp apples. (Main/Premium Class, Pre-order required, available on trips over 1,100 miles) Sunrise Breakfast Sandwich – Black Forest ham, sliced cage-free hardboiled eggs, and baby arugula on a butter croissant with an herb-garlic cheese spread. Served with a summer lemon aioli and fresh grapes. (Main/Premium Class, Pre-order required, available on trips over 1,100 miles) Fresh Start Protein Platter – Mixed morning protein plate with Black Forest ham, cage-free hardboiled egg, Beecher’s Flagship cheddar cheese, Beecher’s Marco Polo cheese, fresh grapes and pineapple, served with a caramelized pineapple yogurt and Ozery Bakery snacking rounds. (Main/Premium Class, Pre-order required, available on trips over 1,100 miles) Charcuterie Platter – Mixed charcuterie-style plate with prosciutto, Genoa salami, Soppressata meats, fresh grapes, Beecher’s Flagship Cheddar Cheese, Beecher’s Marco Polo Cheese, and mixed olives. Served with roasted pepper and tomato dip with grilled focaccia bread. (Main/Premium Class, Pre-order required, available on trips over 1,100 miles) Signature Fruit & Cheese Platter – Beecher’s Flagship Cheddar Cheese along with Tillamook® Sharp Cheddar Cheese and Brie. Served with fresh apple slices and grapes, Partners® crackers, and a Seattle Chocolate truffle. (Main/Premium Class, Pre-order required, available on trips over 1,100 miles) Most comprehensive menu in the sky We’re proud to offer our guests a variety of fresh and seasonalmeal selections and thirst-quenching beverages on our flights. Today, we have the most comprehensive domestic food and beverage program in the industry. We offer three meal options in First Class, including our Signature Fruit & Cheese on flights as short as 550 miles. We also offer ample food options in Premium Class and Main Cabin, which include up to four fresh options on flights over 1,100 miles and up to five snack items on flights over 223 miles, such as the Mediterranean Tapas Pack (vegan and gluten-free). Our Mediterranean Tapas Picnic Pack includes Pick Pocket Traditional Hummus, Craize Roasted Corn Crackers, Mario Snack Olives, Madi K’s almonds, That’s it Apples + Fig Fruit Bar and a TCHO Pure Notes 67% Cacao dark chocolate. Now through October, guests can enjoy fresh summer flavors that include berries, summer squash, corn, citrus and tomatoes. To see all of our food and beverage offerings, visit alaskaair.com. Pre-order meals before takeoff Alaska makes it easy to get the meal(s) you want. Enjoy fresh ingredients inspired by the West Coast, from snacks to freshly prepared meals, by pre-ordering your favorites ahead of your flight using your reservation on our app or alaskaair.com. Meal orders can be made starting 14 days before your flight, and up to 20 hours prior to departure. Snacks and Picnic packs do not require pre-order and are available on board most flights over 2 hours. Pro tip: Mileage Plan members can store a method of payment in their Mileage Plan account for touch-free inflight purchases, including food and beverages. Join/Sign in Mileage Plan Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window) Related Leave a Reply Cancel replyYour email address will not be published. Required fields are marked *Comment * Name * Email * Δ | https://news.alaskaair.com/guest-experience/alaska-airlines-vegan-plant-based-gluten-free-airline-meals/ | 2022-07-27T20:49:35Z | https://news.alaskaair.com/guest-experience/alaska-airlines-vegan-plant-based-gluten-free-airline-meals/ | true | 1 |
RIDGEFIELD, NJ (WPIX) – As a beloved grandma’s casket was being lowered into a grave, funeral home employees ordered the casket raised because the wrong body was inside, family members alleged Tuesday as they announced a lawsuit.
Kyung Ja Kim died in November, family said. A family member thought her body didn’t look right, but the funeral director dismissed her concerns, the family said. They were assured assured everything was OK, but it wasn’t.
“The casket is directed to come up out of the grave,” attorney Michael Maggiano said. “The staffers whisked the casket away in a hearse.”
Family members were stunned. It was only a little while later that they learned what happened. One family member fainted, Maggiano said.
The woman in the casket shared a last name with Kim, but she was around 20 years younger, Maggiano said. Kyung Ja Kim had dentures while the woman in the casket had a full set of teeth. The dentures were found under a pillow in the casket.
Maggiano is representing Kyung Ja Kim’s family in a $50 million lawsuit against the Blackley Funeral Home.
“In the world of caring for the deceased, there are best practices on identifying the body of who you’ve been entrusted,” Maggiano said. “This funeral home has failed in setting up those protocols.”
If they win the suit, the family plans to give the money to two churches Kyung Ja Kim attended, one of her children said.
Kyung Ja Kim had had a stroke 13 years before her death, so Kummi Kim, one of her children, moved in along with her husband Taichul Kim. Kummi Kim was by her mother’s side when she died. She said it was a peaceful death.
“It all got ruined,” she said. “Now when I think about it, it’s horrible.”
WPIX repeatedly reached out to the funeral home on Tuesday. People who picked up the phone there said no one was available to talk.
“We trusted the funeral home, but they violated the trust that was promised to us,” Taichul Kim said. | https://www.rochesterfirst.com/news/national-news/funeral-home-accused-of-putting-wrong-body-in-casket/ | 2022-07-27T20:50:05Z | https://www.rochesterfirst.com/news/national-news/funeral-home-accused-of-putting-wrong-body-in-casket/ | true | 16 |
Arsenal transfer news LIVE: Gunners AGREE fee with Fulham for Leno, Paqueta’s EXIT plan, Jarrod Bowen boost
ARSENAL and Fulham have reportedly reached an agreement for the sale of Bernd Leno for just £8 million.
The German international has fallen out of favour at the Emirates after the signing of Aaron Ramsdale and is keen on pastures new across London.
Meanwhile Lyon are willing to sell Lucas Paqueta if a deal that would suit the club can be done, Head of Recruitment Bruno Cheyrou confirmed.
And Arsenal have received a boost in their pursuit of Jarrod Bowen, with West Ham reportedly lining up a move for Rennes' Martin Terrier as a replacement.
Get all the latest transfer news from around the world...
IN: Marquinhos, Fabio Vieira, Matt Turner, Gabriel Jesus, Oleksandr Zinchenko
OUT: Alexandre Lacazette (released)
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Arteta lifts lid on surgery
Mikel Arteta has revealed he underwent open-heart surgery as child.
Speaking on All or Nothing, the Arsenal boss said: "When I was born, I was born with a big heart disease.
“And for two years they had to try to save my life until I had the opportunity to have the first open surgery in Spain.
"So a high performance team, not a football team or basketball team for example, it can be an emergency team, the ones that work for example in hospitals.
“They do it only for one reason - because they love what they do. That's their drive, that's their purpose."
Arsenal counting cash with Chelsea
Arsenal have included a sell-on fee after flogging Omari Hutchinson to Chelsea.
That is according to GunnerBlog, who claim that the Gunners are looking at a cash windfall down the line.
Hutchinson, 18, joined the Blues' Under-23 set-up for an undisclosed fee.
The attacking midfielder never made a senior appearance for the North Londoners throughout his seven-year stint at the Emirates.
Arsenal suffer Brentford friendly defeat
Arsenal lost for the first time in pre-season earlier today, going down 2-1 to Brentford in a training ground friendly.
A second-string Gunners side got some valuable minutes under their belts as the season approaches, but couldn't overcome Thomas Frank's men at London Colney.
Bryan Mbeumo beat goalkeeper Matt Turner on nine minutes after being teed up by teenager Ryan Trevitt, who later scored Brentford’s second.
Arsenal’s goal came through Eddie Nketiah, while new winger Marquinhos got a run-out.
Arsenal battle City for Grimaldo
Arsenal have been reportedly joined by Manchester City in the race to sign Benfica's Alex Grimaldo.
The Portuguese club have slapped a £16.8million price tag on the left-back.
Arsenal remain keen on Grimaldo despite signing Oleksandr Zinchenko, who is also capable of playing midfield.
Ironically, City want Grimaldo to REPLACE Zinchenko in their squad after being quoted £50m for Brighton’s Marc Cucurella.
Leno heading for Fulham deal
Bernd Leno's Fulham move is now imminent after getting the green light from Mikel Arteta.
We told you earlier that the Cottagers had lodged an £8million offer for the German goalie.
And Sky Sports now claims the bid has been accepted after Arteta gave the move his blessing.
Leno will now become Fulham's fourth signing of the summer.
United in Sergej Arsenal boost
Sergej Milinkovic-Savic would reportedly rather join Man Utd over Arsenal.
Tuttosport claims the Lazio midfielder is keen on a Premier League switch this summer.
United and Arsenal are both thought to be interested in the Serb.
But he would choose United over the Gunners if he received offers from both sides.
Mari set for Turkish switch
Pablo Mari is reportedly close to joining Turkish giants Fenerbahce.
Habel Global claims the defender is surplus to requirements at Arsenal.
But it is unclear whether the move would be a loan or a permanent deal.
Either way, it would see Mari reunited with boss Jorge Jesus after their time together at Flamengo.
How Arteta has transformed Arsenal
Arsenal have so far enjoyed a perfect pre-season, with five wins from five including a 4-0 thrashing of rivals Chelsea.
While it is dangerous to judge a team on what they have done in friendly games, this pre-season feels like a very positive one from an Arsenal point of view.
And it's all thanks to three major changes from boss Mikel Arteta.
More on Tavares
According to transfer guru Luca Bendoni, Atalanta have already reached an agreement with Tavares over the potential loan.
However the Italian side and the Gunners are yet to agree terms, with the latter unwilling to include an option-to-buy clause.
Though he insisted that Arsenal could accept a buy-option should it be deemed as too much to refuse.
It was reported earlier in the transfer window that the North Londoners would only accept a fee in the region of £35m.
Tavares loan switch stalled
Nuno Tavares’ loan switch to Atalanta has reportedly stalled with Arsenal reluctant to include an option-to-buy clause.
The 22-year-old left-back will be allowed to depart the Emirates on a temporary deal just one year after arriving from Benfica for £8million.
Brighton are also claimed to be keeping tabs on the player as a possible replacement for Marc Cucurella should the Spaniard join the Citizens.
But it is Atalanta that are leading the race to secure his services, though they are currently struggling to agree terms with Arsenal.
Fulham agree £8m deal for Arsenal goalkeeper Leno
Fulham have an £8m "agreement in principle" with Arsenal over the signing of goalkeeper Bernd Leno.
The 30-year-old German will still require have a medical and personal terms to be resolved.
Saka not for sale, says Edu
Arsenal chief Edu has ruled out selling Bukayo Saka after the star was urged to make the “perfect” move to Liverpool.
The England international, 20, was a standout performer for the Gunners last term with 11 goals and seven assists in the Premier League.
And technical director Edu has promised Gooners that their star attacker is going nowhere this summer.
When asked how contract talks were going with him, he said: “Good, very good. Everybody is happy.”
When pressed further on the delay in him signing the new deal, Edu said that it is normal and that the winger would not be sold.
He added: “It’s normal. We’re going to sit and put all the expectations in the right place.
“Our expectations and his, his family and his agent’s expectations, and put everything together.
“The main thing is how he feels, how he feels comfortable with us. He’s happy, we’re happy, so it’s just: sit down and find a solution.”
Arsenal haven’t bid for Tielemans, says SrivaddhanaprabhaIt
Leicester chairman Aiyawatt SrivaddhanaprabhaIt insists “no offers yet” have come in for reported Arsenal target Youri Tielemans.
The Belgium midfielder is expected to hold talks with Foxes’ boss Brendan Rodgers over his future.
Neymar would ‘upset’ Gunners
Neymar would “upset people” at Arsenal and ruin the understanding that Gabriel Jesus is the new main man at the Emirates.
That’s the view of Gunners’ legend Ray Parlour – although it’s Manchester United who are now being talked of as interested in Neymar.
Ex-midfielder Parlour told talkSPORT: “No, I don’t think I would have him at Arsenal. I think he could upset people.
“They have got a player now who is going to be the main man for Arsenal, Jesus.
“And if Neymar came in, then he would not be the main man at Arsenal.”
They’ve pinked it all over. It is wow!
Arsenal have had a fantastic pre-season, and are now about to do what they do best – launch a new line of leisure wear.
The London club will unveil their third kit for the coming season this Friday, and social media hints at it being a perfectly pink number.
And dedicated followers of fashion at the Emirates will get a first opportunity to see it in action the following day when it it debuted against Sevilla in the Emirates Cup.
Wilshere in SunSports 'Best Prem Coaches XI'
FEATURE: Former England striker Jermain Defoe and Manchester City legend Yaya Toure will join Tottenham’s coaching set-up, writes DYLAN TERRY.
And SunSport has put together the best team of Prem truend top-flioght coaches – NOT including managers.
In goal, Brazil legend Claudio Taffarel joined Liverpool as a goalkeeping coach towards the end of last year.
In defence, Chelsea legends Ashley Cole and John Terry are back in the Prem – at Stamford Bridge and Everton respectively. And ex-Arsenal ace Kolo Toure is now part of Brendan Rodgers’ Leicester set-up.
In central midfield, Tottenham‘s new coach and brother of Kolo Toure, Yaya, is joined by Jack Wilshere and Gary McAllister.
Juve terminate £400k-a-week Ramsey contract
Juventus have announced the termination of Aaron Ramsey’s contract in a brutal 13-word statement.
The Italian giants signed the former Arsenal midfielder on a free transfer on reported £400,000 a week wages back in 2019.
Ramsey’s move didn’t gone to plan, however, as he struggled to stay fit during his time in Turin.
After just 69 appearances for Juve in two-and-a-half years he signed for Rangers on loan in January.
He also struggled to stay fit in Glasgow, making only 13 appearances and suffering Europa League heartache by missing the crucial penalty during May’s final defeat to Eintracht Frankfurt.
Ramsey reported back to Juventus for medical tests earlier this month, but has now agreed to have his deal ended.
More on Tavares
According to transfer guru Luca Bendoni, Atalanta have already reached an agreement with Tavares over the potential loan.
However the Italian side and the Gunners are yet to agree terms, with the latter unwilling to include an option-to-buy clause.
Though he insisted that Arsenal could accept a buy-option should it be deemed as too much to refuse.
It was reported earlier in the transfer window that the North Londoners would only accept a fee in the region of £35m.
Tavares loan switch stalled
Nuno Tavares' loan switch to Atalanta has reportedly stalled with Arsenal reluctant to include an option-to-buy clause.
The 22-year-old left-back will be allowed to depart the Emirates on a temporary deal just one year after arriving from Benfica for £8million.
Brighton are also claimed to be keeping tabs on the player as a possible replacement for Marc Cucurella should the Spaniard join the Citizens.
But it is Atalanta that are leading the race to secure his services, though they are currently struggling to agree terms with Arsenal.
Foxes tipped to duel Fulham for Leno
Leicester could try to hijack Fulham’s move for Arsenal keeper Bernd Leno.
That’s the talk tonight as Foxes’ long-time No1 Kasper Schmeichel nears a surprise move to Nice.
The Gunners have reportedly cut Leno’s asking price from £15million to around £8m.
Gunners keen to keep Gabriel
Arsenal would fight to keep Gabriel Magalhaes if Juventus step up their reported interest, it’s claimed tonight.
The Brazilian has formed a stable partnership with Ben White in central defence.
And it’s understood Gabriel, as well as Emirates chief Mikel Arteta, are happy with the progress shown.
Victor to snub Prem
Victor Osimhen has revealed he will stay at Napoli after claims that the former ‘Arsenal target’ has told Chelsea and Tottenham he fancies a Prem move.
Manchester United, Bayern Munich and Newcastle have also been linked with the Nigeria striker, 23
But Osimhen told Corriere Dello Sport: “I’m in Napoli. And I have great respect for my club.
“They are just rumours of the market. I’m fine here and I’ve never had such close relationships with everyone as at this moment.
“I spoke to the president, he is the one who decides, and he reassured me by explaining the club’s plans.
“I am happy with what he told me and the purchases are of quality: words were followed by deeds. I am very happy to play with Napoli and we will see in the future.”
Cheyrou's comments on Paqueta sale
Lyon’s head of recruitment Bruno Cheyrou has poured further fuel on the fire regarding a move for Paqueta to the Emirates as he provided an insight to their approach in the final month of the transfer window.
He said: “We need to reduce the squad size. In terms of departures, we will analyse offers on a case-by-case basis but the economics will come into consideration.
“We will consider the offers with Jean-Michel Aulas and Vincent Ponsot in order to make the best decisions.
“I am here to ensure the best team possible, but there are other things to take into account as well.”
When he was asked specifically about Paqueta’s future, he admitted: “We are prepared for every eventuality.”
Arsenal’s own technical director Edu recently revealed his admiration for the ex-AC Milan ace but denied any transfer talks had taken place.
Paqueta sale considered by Lyon
Lyon chief Bruno Cheyrou has refused to rule out selling Lucas Paqueta to Arsenal.
The Brazilian, 24, is a player who has been repeatedly linked with the Gunners in recent months.
Newcastle are also thought to be interested after he scored ten goals and provided seven assists in all competitions for Lyon last season.
But it is Arsenal who appear to be frontrunners to bring the attacking midfielder to the Premier League amid rumours the Ligue 1 club have dropped their asking price to around £33.5million. | https://www.thesun.co.uk/sport/19098994/arsenal-transfer-news-live-leno-fulham-paqueta-bowen/ | 2022-07-27T20:51:43Z | https://www.thesun.co.uk/sport/19098994/arsenal-transfer-news-live-leno-fulham-paqueta-bowen/ | true | 3 |
“Zangezur corridor” logic unacceptable, Armenia refuses to discuss such issue – MP
YEREVAN, JULY 26, ARMENPRESS. From the very beginning Armenia has refused and is refusing to discuss an issue of “Zangezur corridor”, such logic is not acceptable in any way, Chairman of the parliamentary standing committee on foreign affairs Eduard Aghajanyan said at a press conference today.
“Armenia has repeatedly stated that the logic of “Zangezur corridor” is in no way acceptable for Armenia”, he said.
Aghajanyan reminded that the Office of the President of the European Council denied the statement of the Azerbaijani President Ilham Aliyev over the so-called “Zangezur corridor”, noting that no such issue has been discussed during the meeting of the Armenian Prime Minister, the Azerbaijani President and the President of the European Council.
“This behavior is not something new. Azerbaijan has always been distinguished by such a behavior. This does not help or promote the constructive discussions. But, unfortunately, our neighbors are distinguished by such inappropriate practices of not observing the agreements. Armenia’s position on this matter has not changed. Armenia refuses to discuss such an issue and has refused to discuss it from the very beginning”, the lawmaker said. | https://www.armenpress.am/eng/news/1088994/ | 2022-07-27T20:52:32Z | https://www.armenpress.am/eng/news/1088994/ | true | 2 |
RANCHI/GARHWA: The Jharkhand government has asked health officials to remain on alert and arrange isolation beds in all the district hospitals after a seven-year-old girl was detected with symptoms of monkeypox in Garhwa, an official said on Wednesday.
The samples of the girl have been collected and would be sent to the National Institute of Virology (NIV), Pune for testing, he said.
"The girl has been found suffering from fever with a skin rash on her body. Instructions have been given to send her samples to NIV Pune as per the protocol. Samples are also being sent to Rajendra Institute of Medical Sciences (RIMS)," Additional Chief Secretary, Health Arun Kumar Singh told PTI.
The state health department officials have been asked to monitor the situation in all the 24 districts, he said.
Authorities of all medical colleges and district hospitals have also been directed to "keep five isolation beds ready" in each of the facilities as a precautionary measure, Singh said.
As per Garwah Civil Surgeon Dr Kamlesh Kumar, the girl hails from Tandwa Muhalla and has been isolated in a ward at Sadar Hospital.
She has no travel history, and investigations are on to assess whether her fever and rash were due to any drug allergy or not.
In a letter, Singh asked authorities of RIMS, medical colleges and civil surgeons to make people aware of the symptoms of the viral zoonotic disease as per the guidelines of the central government and the
World Health Organization (WHO).
The disease has symptoms similar to smallpox, although it has less clinical severity, the letter mentioned.
Four monkeypox cases have been reported in other parts of the country till July 24.
With many countries reporting monkeypox cases, the Union Health Ministry advised all states to direct hospitals to watch out for symptomatic patients, who have travelled to the monkeypox-affected countries recently, and isolate them at designated healthcare facilities.
The World Health Organization had on July 23 declared monkeypox a global public health emergency of international concern.
More than 16,000 cases of the disease have been reported from 75 countries till July 24 and there have been five deaths so far as a result of the outbreak. | https://timesofindia.indiatimes.com/india/monkeypox-jharkhand-govt-asks-officials-to-remain-on-alert-keep-isolation-beds-ready/articleshow/93162977.cms | 2022-07-27T20:53:10Z | https://timesofindia.indiatimes.com/india/monkeypox-jharkhand-govt-asks-officials-to-remain-on-alert-keep-isolation-beds-ready/articleshow/93162977.cms | false | 8 |
America's number one brand of popcorn seasoning invites fans to Dance for a Chance to Win a $5,000 Gift Card from Best Buy® and a year's supply of Kernel Season's®
RICHMOND, Va., July 27, 2022 /PRNewswire/ -- Kernel Season's®, America's number one popcorn seasoning brand, has teamed up with TikTok dance sensations, Cost n' Mayor, to choreograph a fun Kernel Season's® dance that's designed to get fans poppin' & shakin' with "the Kernel" and kick off the hottest dance challenge of the summer. Beginning July 29, 2022, fans are invited to dance for a chance to win the Make Every Moment Pop Dance Contest. To enter, contestants must create an original dance video on TikTok or Instagram that mimics the moves of Cost n' Mayor's Kernel Season's® choreography and adds a dash of their own personal style in a fun, celebratory way. Entries will be accepted through August 12th.
Kernel Season's® has unique superpowers. Whether it's helping you have fun personalizing the flavor of your popcorn for your current mood and cravings, enhancing moments of connection, or enjoying a snack during solo "me time," Kernel Season's® makes snacking a celebration.
And the Kernel loves nothing more than a good old-fashioned dance-off to celebrate summer and his fans' unique creativity. "We're excited to kick off the competition and confident that contestants will deliver a fun twist on Cost n' Mayor's choreography, shakin' in a way only they can," said John Kelly, President of Spices at Sauer Brands, aka - Flavor Adventurer.
Winners will be determined by consumer on-line voting and announced in September. One grand prize winner will receive $5,000 in Best Buy® Gift Cards for a home entertainment shopping spree and four first prize winners will each receive $1,000 in Best Buy® Gift Cards. In addition, all five winners will be awarded a year's supply of Kernel Season's® products, worth up to $200, because nothing pairs better with a movie than Kernel Season's® and a big bowl of popcorn. Great incentive to shake and keep shakin'.
There really is no other product out there that allows you to personalize your snacking flavor in the moment. Whether you shake on a little for lighter flavor or a lot for more flavor, Kernel Season's® is in a league of its own. Find it in the microwave popcorn section of the grocery store. And to find out more about the contest and Kernel Season's visit https://sauers.com/pages/kernel
"The Make Every Moment Pop Dance Contest is a fun way for consumers to connect with the brand, while reinforcing Kernel Season's® ability to personalize every snacking experience. We can't wait to see the personal spins on Cost n' Mayor's choreography our fans deliver," John Kelly, President of Spices at Sauer Brands, aka - Flavor Adventurer.
NO PURCHASE NECESSARY TO ENTER. A PURCHASE WILL NOT INCREASE YOUR CHANCES OFWINNING. OPEN TO LEGAL U.S. RESIDENTS 18 AND OLDER. VOID WHERE PROHIBITED OR RESTRICTED BY LAW. Contest begins on 7/29/22 and ends on 9/2/22. For official rules, eligibility, full details and prizes, visit www.sauers.com/pages/kernel/contest Sponsor: Sauer Brands, Inc., 2000 W Broad St, Richmond, VA 23220
About Kernel Season's®
Kernel Season's® was born appropriately enough at the home of the Maize and Blue. While a student at the University of Michigan, Brian Taylor was looking to bring more flavor to his favorite snack: popcorn. He started to experiment with natural seasonings and ingredients and shared his creations with friends in the dorm. From the responses he got, he knew he had more than the perfect 3 a.m. snack!
Upon Brian's graduation in 1999, Kernel Season's® became a real company that introduced itself in movie theaters by giving free samples to patrons looking for something more fun and adventurous than butter and salt. The company took off as the demand for more flavors made with real ingredients ignited across the country and the rest is history!
Today Kernel Season's® is America's number one brand of popcorn seasoning. It's available in over 15,000 stores nationwide including Walmart, Kroger, Target and Safeway. It's also available on our website https://sauers.com/pages/kernel and at our Amazon Store. Kernel Season's® is owned by Sauer Brands, Inc., which was founded as the C.F. Sauer Company in 1887 in Richmond, Virginia.
About Sauer Brands Inc.
Sauer Brands, Inc. was founded as The C.F. Sauer Company in 1887, in Richmond, Virginia. The company produces a broad line of inspired flavors to excite and delight consumers including condiments, spices, seasonings and extracts. The company's manufacturing facilities are in Richmond, Virginia; Mauldin, South Carolina; New Century, Kansas; and San Luis Obispo, California. The company sells well-known brands including Duke's Mayonnaise and Southern Sauces, Kernel Season's Popcorn Flavorings, The Spice Hunter, Sauer's, and Tasty Shakes. Sauer Brands, Inc. also produces high quality private label products for the retail and away-from-home channels. Learn more at www.sauerbrandsinc.com.
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SOURCE Kernel Season’s® | https://www.wtvy.com/prnewswire/2022/07/27/kernel-seasons-making-every-moment-pop/ | 2022-07-27T20:54:18Z | https://www.wtvy.com/prnewswire/2022/07/27/kernel-seasons-making-every-moment-pop/ | true | 12 |
Jaslyn S. Kinder, 20, of Mendota, was charged with domestic battery at 11:04 p.m. Monday near the intersection of Main and Monroe streets, Mendota police said.
Rene R. Garza, 30, of Mendota, was picked up on a La Salle County warrant for failure to appear (leaving the scene of an accident) at 6:34 a.m. Tuesday at 13th Avenue and Jefferson Street, Mendota police said.
Angel Juarez, 18, of Plainfield, was charged with no valid driver’s license at 10:49 p.m. Tuesday near the intersection of Meriden Street and Pennsylvania Avenue, Mendota police said.
Shaw Media Local News Network relies on reports furnished by police in our coverage area. Individuals in Police Reports who have been charged with a crime have not been proved guilty in court. If you know of a police matter but do not see it reported, contact us at 815-431-4073 or newsroom@mywebtimes.com. | https://www.shawlocal.com/mywebtimes/2022/07/27/police-blotter-july-27-2022/ | 2022-07-27T20:55:33Z | https://www.shawlocal.com/mywebtimes/2022/07/27/police-blotter-july-27-2022/ | true | null |
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'Different people, same fight.' Nome residents advocate for Bering Sea fishery managers to reduce salmon bycatch, add tribal seats
As chum and chinook salmon numbers dwindle across Alaska rivers, rural residents dependent on these salmon are demanding that federal managers do more to help restore the stocks. For Bering Sea fisheries, these federal managers are the members of the North Pacific Fisheries Management Council. Five of the 11 voting council...
www.kyuk.org | https://www.newsbreak.com/news/2677863565443/different-people-same-fight-nome-residents-advocate-for-bering-sea-fishery-managers-to-reduce-salmon-bycatch-add-tribal-seats | 2022-07-27T20:58:13Z | https://www.newsbreak.com/news/2677863565443/different-people-same-fight-nome-residents-advocate-for-bering-sea-fishery-managers-to-reduce-salmon-bycatch-add-tribal-seats | true | null |
A group of Atletico Madrid supporters made their feelings regarding a rumoured move for Cristiano Ronaldo very clear during a pre-season friendly against Numancia on Wednesday. Ronaldo has told Manchester United he wants to leave in order to play Champions League football in 2022-23, and a return to Madrid with Atletico would fit that bill.
However a move for the former Real Madrid star has been called "practically impossible" - and now Atletico's supporters have voiced their displeasure.
How have Atletico's fans responded to Ronaldo rumours?
A banner displayed at the pre-season friendly against Numancia read "CR7 not welcome", referencing the common nickname used for Ronaldo.
The 37-year-old spent nine seasons starring at Atletico's local rivals, including scoring for Real Madrid in the 2014 Champions League final against the Rojoblancos.
Atletico's International Union of Fan Clubs (Union Internacional de Penas Atletico de Madrid) has also released a statement, warning of their displeasure should there be any truth to the Ronaldo rumours.
Atlético Madrid fans pretty clear at their first pre-season match this evening. They don't want Cristiano Ronaldo. pic.twitter.com/zEe9Cl2Y6B
— Sam Leveridge (@samleveridge) July 27, 2022
The statement read: "In light of the possibility of signing Cristiano Ronaldo, if it is more than a simple rumour without any basis, we express our absolute rejection of his hypothetical joining of our club.
"The aforementioned player represents the antithesis of the values that constitute the hallmarks of our Atleti, such as the effort, generosity, modesty and humility of those who want to defend our values.
"Even in the highly unlikely hypothetical case that a player in steep decline such as Cristiano Ronaldo could guarantee us a trophy, we wouldn't accept his signing. The sense of being a part of our Atletico feeling isn't within his reach, unfortunately for him, and as such he could never receive our affection or recognition.
"As such, we ask the club to reject his possible signing, if it has indeed been considered at any time."
Could Ronaldo really join Atletico?
The Portuguese star wants to leave Man Utd, having missed their pre-season tour of Thailand and Australia.
The issue is which club could fulfil all the requirements to sign him - whether financial, the ability to offer Champions League football, willingness to sign a player in his late 30s, plus the response of fans.
Chelsea and Bayern Munich have both also been linked, but both have ruled out signing the five-time Ballon d'Or winner. | https://www.goal.com/en-my/news/cr7-not-welcome-atletico-madrid-fans-ronaldo-transfer-banner/blt1736e2ffa093c198 | 2022-07-27T20:59:47Z | https://www.goal.com/en-my/news/cr7-not-welcome-atletico-madrid-fans-ronaldo-transfer-banner/blt1736e2ffa093c198 | false | 10 |
You need to enable JavaScript to run this app. | https://sportspyder.com/cf/syracuse-orangemen-football/articles/40198007 | 2022-07-27T21:01:05Z | https://sportspyder.com/cf/syracuse-orangemen-football/articles/40198007 | true | null |
By Andrew Johns
Once again, I’m reminded of the old quote: sport and politics don’t mix. What a mess the Manly jersey saga has been.
The people I feel so sorry for are the fans. But I’ll get back to that in a minute.
I can understand all the different arguments: respect for the LGBTQI community, and respecting the religious beliefs of people.
What isn’t in dispute is this has been a result of poor communication throughout the club.
This week we’re supposed to be celebrating Women In League Round. I can remember in 2002 Manly were the trailblazers for women at football clubs.
When the club was in dire straits after the failed Northern Eagles venture, Wendy Harmer and Sarah Murdoch started a group called the Eagles Angels.
They had numerous women from the northern beaches, such as Layne Beachley, Melinda Gainsford, Laura Enever and Kerri Pottharst, who jumped on board. The whole focus on Women In League Round has been taken away by wearing the rainbow jersey.
But back to the fans for a moment. This game against the Roosters, in the scheme of the season, is so important for both clubs. There’s a logjam with four teams on 20 points: the Roosters, Sea Eagles, Raiders and Dragons. I dare say this may be the game that costs Manly a spot in the top eight. It’s just so ridiculous.
I know there will be denials, but there would be unrest among the players. Quite simply, Manly just can’t win.
The Roosters are warming up towards the end of the season with Joseph Manu and Luke Keary back, plus their forward pack is in great form. Jared Waerea-Hargreaves is getting back to full fitness and James Tedesco is taking his game to a whole new level. They were in second and third gear against the Knights and still piled on the points last week.
The only positive for Manly is they get Jake Trbojevic back, but they’d need four Jake and Tom Trbojevics to win this game. It’s such a shame because there is so much at stake, but this game has lost a lot of fizz.
Joey’s tip: Roosters by 18
First try-scorer: Victor Radley
Man of the match: James Tedesco
Return to two refs - but with this restriction
You couldn’t make up the fiasco at the end of the Tigers-Cowboys game. But let’s start talking about solutions because the system we have right now is broken and turning people off the game.
Firstly, on the bunker. I recently read about how a guy by the name of Rick Williams introduced NRL officials to video technology with a tour of the NHL’s facilities. He gave them one warning: you can’t let video technology infiltrate play-by-play in the game. Well, look where we are.
The bunker should be used for try-scoring situations and that’s it. Just stay out of the play. As we’ve seen in recent weeks, it just makes every decision more murky.
I’ve said it a thousand times before, and I’ll say it again, the game is not played in slow motion. When we look at tries, they should look at it two or three times at real speed and then make a call. If it looks like a try, the benefit of the doubt should go to the attacking team.
If someone is going to score a try and the ball comes five millimetres away from his hand, and then he gets his hand back on it and pushes it down, how was he supposed to regrip it?
I would go as far as to suggest that maybe there needs to be an agreement between the NRL and broadcasters about not showing endless replays in super slow motion. Let’s do it in real-time and get on with it.
While we’re at it, I think it’s time we scrapped the captain’s challenge. I’ve got friends who are diehard rugby union people and they say the same thing about their game: there’s too many stoppages in rugby union. I’m not a fan of the captain’s challenge.
Now to the referees. I feel sorry for them. There’s way too much pressure on them the way the game is played these days. The game is getting faster, and with that they’re under fatigue even more.
I think we have to go back to two referees. We need one referee at the ruck whose whole brief is to control and manage the ruck. They don’t have a whistle, so they can’t blow penalties, but they can communicate with the senior or lead referee who can control the 10 metres, watch the markers and look out for foul play.
There is just too much responsibility on the main referee right now. They’re making all these different calls about “surrender” and “dominant” and everything else. If we have that second referee we can eradicate the third man in who dives at someone’s legs. It’s the most cowardly play in the game. The incident with Liam Knight in the NSW Cup recently was just wrong.
Teams, players and coaches are always going to push the limits at the ruck. All we heard about going into the last two Origin games was whoever won the ruck would win the game. It’s time we had more eyes on it to manage it.
Superb Hunt looking good for Dally M Medal
I’ve got to finish on a positive: Dragons captain Ben Hunt is in the best form of his career.
He’s copped flak at certain stages after moving to the Dragons, but he won Queensland game three of this year’s State of Origin series with the charge down. That’s all I’ll say about that.
He’s pretty much carried St George Illawarra all year with a young five-eighth and a few different fullbacks. I think this has been his best year and he’ll probably win the Dally M.
I’m tipping him to be the best player on the park and the Dragons to upset the Cowboys at Kogarah on Sunday.
I think North Queensland has hit a bit of a flat spot, which is understandable as they’ve been up for so long. They’ve had players in Origin and naturally, after that, you have a flat period of three or four games before you can see the semi-finals coming.
Stream the NRL premiership 2022 live and free on 9Now.
Sports news, results and expert commentary. Sign up for our Sport newsletter. | https://www.smh.com.au/sport/nrl/andrew-johns-manly-can-t-win-and-there-will-be-unrest-20220727-p5b4wv.html | 2022-07-27T21:02:08Z | https://www.smh.com.au/sport/nrl/andrew-johns-manly-can-t-win-and-there-will-be-unrest-20220727-p5b4wv.html | false | 11 |
Rep. Ronny Jackson, R-Texas, is renewing his calls for President Joe Biden to take a cognitive test, and 53 Republican lawmakers are joining.
"We again write to you to express concern with your current cognitive state and to urge you to submit to a cognitive test immediately. We believe that, regardless of gender, age, or political party, all Presidents should follow the example set by former President Trump to document and demonstrate sound mental abilities," the letter says.
"While you have largely brushed aside these assertions as partisan political attacks, the left-leaning New York Times recently published an article outlining all of this in great detail," the letter continues. "According to The New York Times, the increased scrutiny surrounding your cognitive state has been fueled by your recent public appearances."
Key members of House Republican leadership also signed the bill, including Republican Study Committee Chairman Jim Banks, R-Ind., Conference Chair Elise Stefanik, R-N.Y., and Conference Vice Chair Mike Johnson, R-La.
"The American people should have absolute confidence in their President, knowing that he or she can perform their duties as Head of State and Commander in Chief," the letter says. "They deserve full transparency on the mental capabilities of their highest elected leader.”
Biden’s gaffes have received increased attention because he’s the oldest person to assume the job at 79.
Last month, Biden displayed a card that showed step-by-step instructions for him during a White House meeting with wind industry leaders.
Biden held up a card showing instructions that began with "YOU enter the Roosevelt Room and say hello to participants," and ended with "YOU depart."
Also included were "YOU take YOUR seat" and "YOU thank participants."
© 2022 Newsmax. All rights reserved. | https://www.newsmax.com/newsfront/jackson-biden-cognitive/2022/07/27/id/1080614/ | 2022-07-27T21:02:31Z | https://www.newsmax.com/newsfront/jackson-biden-cognitive/2022/07/27/id/1080614/ | true | 1 |
Police accused of arresting man they did not want to run for office, prosecutor says
FRANKLIN COUNTY, Ind. (WXIX) - A police department in Indiana is being investigated after allegations surfaced of officers targeting a man and arresting him for rape because they did not want him in an elected position.
The man is not being named by WXIX because he is not facing any charges.
The officers under investigation are members of the Brookville Police Department.
Franklin County Prosecutor Chris Huerkamp announced Tuesday he had dismissed the charges, adding he’s disturbed at the conduct of the investigation and arrest. Huerkamp has requested that Indiana State Police investigate.
Court documents claim the man wanted to run for Brookville Town Board but was known to police for being anti-law enforcement.
Judson McMillin is the man’s attorney.
“Keep in mind that the board is the boss of the law enforcement,” he said.
McMillin said the officers claimed they smelled marijuana on the man and his friend.
“And they then got a search warrant, went into the house and arrested both individuals for possession of marijuana and some other things,” McMillin said. “And then (they) also arrested the individual who was running for the town board for the old rape charge. So, there’s a lot of problems with it.”
Huerkamp said he was never going to charge the man with rape.
“They were going to arrest an individual who was running for the town board on these 9-month-old allegations that they already knew were not going to be filed as a criminal charge,” McMillin said.
Court documents claim a witness, later identified as Aleese Whitamore, came forward saying the officers encouraged her to run against the man.
“It just makes me uncomfortable knowing that you’re trying to ruin someone’s life basically, over your small town politics,” she said.
Whitamore recalled being approached about running for town board.
“He says, ‘Yeah, he’s trying to take the spot on the board, and we don’t want him on the town board,’” she said. “I was like, ‘Why is that?’ He said, ‘Well, he hates cops.’”
However, Whitamore said she never wanted to be involved with the board.
“Small town politics is too much for me,” she said. “So, I just stay out of it.”
Whitamore’s testimony helped clear the man.
McMillin said while he appreciates local law enforcement, he’s disappointed in what happened to his client.
“Any time you start mixing police power with political preferences you got major problems, and that’s what we had here,” McMillin said.
WXIX reached out to the Brookville Police Department and the town board president to see if the officers involved are being reprimanded but have not yet heard back.
Copyright 2022 WXIX via Gray Media Group, Inc. All rights reserved. | https://www.wbko.com/2022/07/27/police-accused-arresting-man-they-did-not-want-run-office-prosecutor-says/ | 2022-07-27T21:03:11Z | https://www.wbko.com/2022/07/27/police-accused-arresting-man-they-did-not-want-run-office-prosecutor-says/ | true | 11 |
Sen. King applauds Senate’s passing of CHIPS bill
BANGOR, Maine (WABI) - Sen. Angus King, I-Maine, is applauding his colleagues in the Senate for their work in passing what’s known as the CHIPS bill.
The bipartisan bill invests billions of dollars into the technology and semiconductor industry across the U.S. and here in Maine.
King says these semiconductors are at the base of everything we consume in our economy from cars to smart phones.
He adds this legislation is stone cold national security as it helps lessen our dependency on other countries.
”To bring these facilities back to this country, to expand our capacity to get back into the advanced chip manufacturing is just incredibly important to maintain both our economy and national security because these chips are part of every weapon system you can imagine,” said King.
King says this will greatly benefit Mainers by creating more jobs and investing in infrastructure that already exists at places like Bath Iron Works and Texas Instruments in Southern Maine.
He expects the U.S. to start seeing the impacts of this bill in a year to 18 months.
Copyright 2022 WABI. All rights reserved. | https://www.wabi.tv/2022/07/27/sen-king-applauds-senates-passing-chips-bill/ | 2022-07-27T21:04:22Z | https://www.wabi.tv/2022/07/27/sen-king-applauds-senates-passing-chips-bill/ | true | 1 |
Supporters gather to encourage ending sales of flavored tobacco products in Bangor
BANGOR, Maine (WABI) - Supporters of ending the sale of flavored tobacco products in Bangor gathered on Wednesday to encourage city councilors to support a ban.
They delivered over 300 signatures from Bangor residents asking councilors to reenact the city ordnance to end the sale of flavored tobacco products in the city.
After voting to end sales, the city council voted in May to repeal the ordinance after learning the city did not properly notify affected businesses.
A new ordinance was presented this week and is expected to be discussed at the Government Operations Meeting next week.
Among the supporters Wednesday was high schooler Sophia Ward.
She says she sees how these products are directly impacting her peers.
”Vaping has taken away certain aspects of growing up or you can say like the high school experience from kids because it’s caused them to be depressed and just worried about it at all times when they could be out, spending the night with their friends, going out to dinner or going to a sporting game or doing homework, passing their tests, and it’s taking that part of their life away,” said Ward, John Bapst Memorial High School sophomore.
“The data is alarming. One in four Maine high school students use tobacco products, and the main product use is flavored E-cigarettes. Eight in 10 Maine high school students say flavors are why they use E-cigarettes, so we need to end this policy to prevent a lifetime of addiction to these harmful and deadly products,” said Lance Boucher, American Lung Association.
Portland and Brunswick voted to end the sale of flavored tobacco products earlier this year.
The city council is expected to hold a final vote on the matter next month.
Copyright 2022 WABI. All rights reserved. | https://www.wabi.tv/2022/07/27/supporters-gather-encourage-ending-sales-flavored-tobacco-products-bangor/ | 2022-07-27T21:04:28Z | https://www.wabi.tv/2022/07/27/supporters-gather-encourage-ending-sales-flavored-tobacco-products-bangor/ | false | 1 |
EAST HANOVER, N.J., July 27, 2022 /PRNewswire/ -- FGI Industries Ltd. (Nasdaq: FGI) ("FGI" or the "Company"), a leading global supplier of kitchen and bath products, today announced that it will issue financial results for the second quarter 2022 after the market closes on Wednesday, August 10, 2022. Management will conduct a conference call on Thursday, August 11, 2022, at 8:00 am Eastern Time to discuss the quarterly results.
A webcast of the conference call and accompanying presentation materials will be available in the Investor Relations section of the Company's corporate website at https://investor.fgi-industries.com. To listen to a live broadcast, go to the site at least 15 minutes prior to the scheduled start time in order to register and download and install any necessary audio software.
To participate in the live teleconference:
To listen to a replay of the teleconference, which will be available through August 25, 2022:
ABOUT FGI INDUSTRIES
FGI Industries Ltd. (Nasdaq: FGI) is a leading global supplier of kitchen and bath products. For over 30 years, we have built an industry-wide reputation for product innovation, quality, and excellent customer service. We are currently focused on the following product categories: sanitaryware (primarily toilets, sinks, pedestals and toilet seats), bath furniture (vanities, mirrors and cabinets), shower systems, customer kitchen cabinetry and other accessory items. These products are sold primarily for repair and remodel activity and, to a lesser extent, new home or commercial construction. We sell our products through numerous partners, including mass retail centers, wholesale and commercial distributors, online retailers and specialty stores.
FORWARD-LOOKING STATEMENTS
This release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The use of words such as "anticipate," "expect," "could," "may," "intend," "plan", "see" and "believe," among others, generally identify forward-looking statements. These forward-looking statements include FGI's guidance. These forward-looking statements are based on currently available operating, financial, economic and other information, and are subject to a number of risks and uncertainties. Readers are cautioned that these forward-looking statements are only predictions and may differ materially from actual future events or results. A variety of factors, many of which are beyond our control, could cause actual future results or events to differ materially from those projected in the forward-looking statements in this release. For a full description of the risks and uncertainties which could cause actual results to differ from our forward-looking statements, please refer to FGI's periodic filings with the Securities & Exchange Commission including those described as "Risk Factors" in FGI's annual report on Form 10-K for the year ended December 31, 2021 and in any quarterly reports on Form 10-Q filed thereafter. FGI does not undertake any obligation to update forward-looking statements whether as a result of new information, future events or otherwise, except as may be required under applicable securities laws.
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SOURCE FGI Industries Ltd. | https://www.nbc11news.com/prnewswire/2022/07/27/fgi-industries-announces-second-quarter-2022-results-conference-call-date/ | 2022-07-27T21:07:15Z | https://www.nbc11news.com/prnewswire/2022/07/27/fgi-industries-announces-second-quarter-2022-results-conference-call-date/ | false | 31 |
Processes toward the emergence of the next Alaafin of Oyo are set to continue with the Oyomesi (kingmakers) billed to begin the screening of 119 persons that applied to fill the vacant stool.
Head of princes of Oyo town, High Chief Mukaila Afonja, also referred to as Baba Iyaji, confirmed to Tribune Online that the ball was present in the court of the Oyomesi where the applications were transmitted to.
Though he didn’t give a specific commencement date, Afonja said the screening of 119 princes from various royal families that applied at the close of application on July 15 will begin soon.
He affirmed that the Oyomesi had begun working on the applications, with the screening to take the form of the applicants being invited either in fives or tens.
At the screening sessions, it is expected that the applicants will be scrutinised along the line of their educational qualification, schools attended, age, vision, aim and objectives for Oyo town, if they emerge.
In addition, the Oyomesi will also be looking out for the prospective Alaafin to have a rich sense of history, be educated, experienced, healthy, and have a good command of both English and Yoruba.
Several stages of screenings are expected to hold in weeks to come targeted at pruning down the number of applicants to just a few before the oracle will be consulted for direction on picking the successor to the late Oba Lamidi Adeyemi.
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screening of 119 applicants for Alaafin stool… screening of 119 applicants for Alaafin stool… | https://tribuneonlineng.com/oyomesi-set-to-begin-screening-of-119-applicants-for-alaafin-stool/ | 2022-07-27T21:07:54Z | https://tribuneonlineng.com/oyomesi-set-to-begin-screening-of-119-applicants-for-alaafin-stool/ | false | 1 |
PITTSBURGH, July 27, 2022 /PRNewswire/ -- EQT Corporation (NYSE: EQT) today announced financial and operational results for the second quarter 2022.
Second Quarter 2022 and Recent Highlights:
- Sales volumes of 502 Bcfe
- Total per unit operating costs of $1.37 per Mcfe
- Capital expenditures of $376 MM or $0.75 per Mcfe
- Net cash provided by operating activities of $230 MM, adjusted operating cash flow(1) of $916 MM and free cash flow(1) of $543 MM
- Increased quarterly base dividend by 20 percent to $0.15 per share ($0.60 per share annualized)
- Raising '22 – '23 debt reduction target to $2.5 B, an increase of $1.0 B
- Retired $175 MM of senior notes during and subsequent to the end of Q2
- Repurchased $213 MM of convertible notes, including $85 MM of principal, during and subsequent to the end of Q2, reducing fully diluted share count by 5.7 MM shares
President and CEO Toby Z. Rice stated, "We had a solid operational quarter, with material gains in completion efficiency despite a continued tight oilfield service backdrop. This facilitated almost $550 million of free cash flow(1) during the quarter, bringing our total year-to-date free cash flow(1) to more than $1.1 billion."
Rice continued, "We also released our 2021 ESG Report in the second quarter, which highlighted the substantial progress we have made toward our goal of achieving net zero Scope 1 and Scope 2 emissions by 2025(2). Notably, our absolute Scope 1 and 2 Production segment GHG emissions declined by 22 percent year-over-year, and we reduced our methane intensity by 28 percent year-over-year. Our industry-leading emissions profile, coupled with an investment grade balance sheet and multi-decade core inventory, gives us significant confidence in the sustainability of our business and durability of our cash flows. As such, we recently raised our base dividend by 20 percent and will be further improving our balance sheet with an incremental $1 billion of projected debt reduction by year-end 2023. In total, we plan to return approximately $4 billion to shareholders by the end of next year, with room for further upside if natural gas prices remain strong."
Second Quarter 2022 Financial and Operational Performance
Sales volume growth reflects the Company's 2021 acquisition of Alta Resources (the Alta Acquisition). Average realized price increased for the three months ended June 30, 2022 compared to the same period in 2021 due to higher NYMEX prices and higher liquids prices, partly offset by unfavorable cash settled derivatives and unfavorable differential.
Net cash provided by operating activities was $230 million and adjusted operating cash flow(1) was $916 million for the three months ended June 30, 2022. Adjusted operating cash flow excludes changes in other assets and liabilities which are included in net cash provided by operating activities, as defined in the Non-GAAP Disclosures section of this news release. For the three months ended June 30, 2022, changes in other assets and liabilities of $686 million negatively impacted net cash provided by operating activities and was driven by higher working capital, which was primarily the result of higher accounts receivable as of June 30, 2022 as compared to March 31, 2022 due to higher pricing, partly offset by higher accounts payable.
The Company reiterates its 2022 total sales volume guidance of 1,950 – 2,050 Bcfe under a maintenance production program. Incorporating the Company's current inflation outlook, 2022 capital expenditures are now expected to total $1.400 – $1.500 billion, or $0.68 – $0.77 per Mcfe, excluding capital expenditures attributable to noncontrolling interests. The Company has started phasing in its next generation well design and has seen encouraging early results. Given the time required to develop wells that are part of the Company's large-scale combo-development model, the Company continues to expect preliminary results of its investment by the end of 2022 and full visibility by the middle of 2024.
Per Unit Operating Costs
The following presents certain of the Company's production-related operating costs on a per unit basis.
LOE increased on a per Mcfe basis for the three months ended June 30, 2022 compared to the same period in 2021 due primarily to higher salt water disposal costs.
Production taxes increased on a per Mcfe basis for the three months ended June 30, 2022 compared to the same period in 2021 due to increased West Virginia severance taxes, which resulted primarily from higher prices, and increased Pennsylvania impact fees, which resulted from the additional wells acquired in the Alta Acquisition, higher prices and inflation.
Liquidity
As of June 30, 2022, the Company had $100 million in credit facility borrowings and $208 million of letters of credit outstanding under its $2.5 billion credit facility. As of June 30, 2022, both total debt and net debt(1) were $5.0 billion, compared to $5.6 billion and $5.5 billion, respectively, as of December 31, 2021.
2022 GUIDANCE
Second Quarter 2022 Earnings Webcast Information
The Company's conference call with securities analysts begins at 10:00 a.m. ET on Thursday July 28, 2022 and will be broadcast live via webcast. To access the live audio webcast, visit EQT's investor relations website at ir.eqt.com. A replay will be archived and available in the same location after the conclusion of the live event.
HEDGING (as of July 22, 2022)
The following table summarizes the approximate volume and prices of the Company's NYMEX hedge positions. The difference between the fixed price and NYMEX price is included in average differential presented in the Company's price reconciliation.
For 2022 (July 1 through December 31), 2023 and 2024, the Company has natural gas sales agreements for approximately 9 MMDth, 88 MMDth and 11 MMDth, respectively, that include average NYMEX ceiling prices of $3.17, $2.84 and $3.21, respectively.
The Company has also entered into transactions to hedge basis. The Company may use other contractual agreements from time to time to implement its commodity hedging strategy.
NON-GAAP DISCLOSURES
Adjusted Net Income Attributable to EQT and Adjusted Earnings per Diluted Share (Adjusted EPS)
Adjusted net income attributable to EQT is defined as net income (loss) attributable to EQT Corporation, excluding gain on sale/exchange of long-lived assets, impairments, the revenue impact of changes in the fair value of derivative instruments prior to settlement and certain other items that impact comparability between periods. Adjusted EPS is defined as adjusted net income attributable to EQT divided by diluted weighted average common shares outstanding. Adjusted net income attributable to EQT and adjusted EPS are non-GAAP supplemental financial measures used by the Company's management to evaluate period-over-period earnings trends. The Company's management believes that these measures provide useful information to external users of the Company's consolidated financial statements, such as industry analysts, lenders and ratings agencies. Management uses adjusted net income attributable to EQT and adjusted EPS to evaluate earnings trends because the measures reflect only the impact of settled derivative contracts; thus, the measures exclude the often-volatile revenue impact of changes in the fair value of derivative instruments prior to settlement. These measures also exclude other items that affect the comparability of results or that are not indicative of trends in the ongoing business. Adjusted net income attributable to EQT and adjusted EPS should not be considered as alternatives to net income (loss) attributable to EQT Corporation or diluted earnings (loss) per share presented in accordance with GAAP.
The table below reconciles adjusted net income attributable to EQT and adjusted EPS with net income (loss) attributable to EQT Corporation and diluted earnings (loss) per share, respectively, the most comparable financial measures calculated in accordance with GAAP, each as derived from the Statements of Condensed Consolidated Operations to be included in the Company's Quarterly Report on Form 10-Q for the quarter ended June 30, 2022.
Adjusted EBITDA
Adjusted EBITDA is defined as net income (loss), excluding interest expense, income tax expense (benefit), depreciation and depletion, gain on sale/exchange of long-lived assets, impairments, the revenue impact of changes in the fair value of derivative instruments prior to settlement and certain other items that impact comparability between periods. Adjusted EBITDA is a non-GAAP supplemental financial measure used by the Company's management to evaluate period-over-period earnings trends. The Company's management believes that this measure provides useful information to external users of the Company's consolidated financial statements, such as industry analysts, lenders and ratings agencies. Management uses adjusted EBITDA to evaluate earnings trends because the measure reflects only the impact of settled derivative contracts; thus, the measure excludes the often-volatile revenue impact of changes in the fair value of derivative instruments prior to settlement. The measure also excludes other items that affect the comparability of results or that are not indicative of trends in the ongoing business. Adjusted EBITDA should not be considered as an alternative to net income (loss) presented in accordance with GAAP.
The table below reconciles adjusted EBITDA with net income (loss), the most comparable financial measure as calculated in accordance with GAAP, as reported in the Statements of Condensed Consolidated Operations to be included in the Company's Quarterly Report on Form 10-Q for the quarter ended June 30, 2022.
The Company has not provided projected net income (loss) or a reconciliation of projected adjusted EBITDA to projected net income (loss), the most comparable financial measure calculated in accordance with GAAP. Net income (loss) includes the impact of depreciation and depletion expense, income tax expense (benefit), the revenue impact of changes in the projected fair value of derivative instruments prior to settlement and certain other items that impact comparability between periods and the tax effect of such items, which may be significant and difficult to project with a reasonable degree of accuracy. Therefore, projected net income (loss), and a reconciliation of projected adjusted EBITDA to projected net income (loss), are not available without unreasonable effort.
Adjusted Operating Cash Flow and Free Cash Flow
Adjusted operating cash flow is defined as net cash provided by operating activities less changes in other assets and liabilities. Free cash flow is defined as adjusted operating cash flow less accrual-based capital expenditures, excluding capital expenditures attributable to noncontrolling interests. Adjusted operating cash flow and free cash flow are non-GAAP supplemental financial measures used by the Company's management to assess liquidity, including the Company's ability to generate cash flow in excess of its capital requirements and return cash to shareholders. The Company's management believes that these measures provide useful information to external users of the Company's consolidated financial statements, such as industry analysts, lenders and ratings agencies. Adjusted operating cash flow and free cash flow should not be considered as alternatives to net cash provided by operating activities or any other measure of liquidity presented in accordance with GAAP.
The table below reconciles adjusted operating cash flow and free cash flow with net cash provided by operating activities, the most comparable financial measure calculated in accordance with GAAP, as derived from the Statements of Condensed Consolidated Cash Flows to be included in the Company's Quarterly Report on Form 10-Q for the quarter ended June 30, 2022.
The Company has not provided projected net cash provided by operating activities or reconciliations of projected adjusted operating cash flow and free cash flow to projected net cash provided by operating activities, the most comparable financial measure calculated in accordance with GAAP. The Company is unable to project net cash provided by operating activities for any future period because this metric includes the impact of changes in operating assets and liabilities related to the timing of cash receipts and disbursements that may not relate to the period in which the operating activities occurred. The Company is unable to project these timing differences with any reasonable degree of accuracy without unreasonable efforts such as predicting the timing of its payments and its customers' payments, with accuracy to a specific day, months in advance. Furthermore, the Company does not provide guidance with respect to its average realized price, among other items, that impact reconciling items between net cash provided by operating activities and adjusted operating cash flow and free cash flow, as applicable. Natural gas prices are volatile and out of the Company's control, and the timing of transactions and the income tax effects of future transactions and other items are difficult to accurately predict. Therefore, the Company is unable to provide projected net cash provided by operating activities, or the related reconciliations of projected adjusted operating cash flow and free cash flow to projected net cash provided by operating activities, without unreasonable effort.
Adjusted EBITDA to Free Cash Flow Reconciliation
The table below reconciles adjusted EBITDA to free cash flow.
Adjusted Operating Revenues
Adjusted operating revenues is defined as total operating revenues, less the revenue impact of changes in the fair value of derivative instruments prior to settlement and net marketing services and other revenues. Adjusted operating revenues (also referred to as total natural gas and liquids sales, including cash settled derivatives) is a non-GAAP supplemental financial measure used by the Company's management to evaluate period-over-period earnings trends. The Company's management believes that this measure provides useful information to external users of the Company's consolidated financial statements, such as industry analysts, lenders and ratings agencies. Management uses adjusted operating revenues to evaluate earnings trends because the measure reflects only the impact of settled derivative contracts; thus, the measure excludes the often-volatile revenue impact of changes in the fair value of derivative instruments prior to settlement. The measure also excludes net marketing services and other revenues because it is unrelated to the revenue for the Company's natural gas and liquids production. Adjusted operating revenues should not be considered as an alternative to total operating revenues presented in accordance with GAAP.
The table below reconciles adjusted operating revenues to total operating revenues, the most comparable financial measure calculated in accordance with GAAP, as reported in the Statements of Condensed Consolidated Operations to be included in the Company's Quarterly Report on Form 10-Q for the quarter ended June 30, 2022.
Net Debt
Net debt is defined as total debt less cash and cash equivalents. Total debt includes the Company's current portion of debt, credit facility borrowings, senior notes and note payable to EQM Midstream Partners, LP. Net debt is a non-GAAP supplemental financial measure used by the Company's management to evaluate leverage since the Company could choose to use its cash and cash equivalents to retire debt. The Company's management believes that this measure provides useful information to external users of the Company's consolidated financial statements, such as industry analysts, lenders and ratings agencies. Net debt should not be considered as an alternative to total debt presented in accordance with GAAP.
The table below reconciles net debt with total debt, the most comparable financial measure calculated in accordance with GAAP, as derived from the Statements of Condensed Consolidated Balance Sheets to be included in the Company's Quarterly Report on Form 10-Q for the quarter ended June 30, 2022.
Investor Contact:
Cameron Horwitz
Managing Director, Investor Relations & Strategy
412.395.2555
cameron.horwitz@eqt.com
About EQT Corporation
EQT Corporation is a leading independent natural gas production company with operations focused in the cores of the Marcellus and Utica Shales in the Appalachian Basin. We are dedicated to responsibly developing our world-class asset base and being the operator of choice for our stakeholders. By leveraging a culture that prioritizes operational efficiency, technology and sustainability, we seek to continuously improve the way we produce environmentally responsible, reliable and low-cost energy. We have a longstanding commitment to the safety of our employees, contractors, and communities, and to the reduction of our overall environmental footprint. Our values are evident in the way we operate and in how we interact each day – trust, teamwork, heart, and evolution are at the center of all we do.
EQT Management speaks to investors from time to time and the analyst presentation for these discussions, which is updated periodically, is available via EQT's investor relations website at https://ir.eqt.com.
Cautionary Statements
This news release contains certain forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and Section 27A of the Securities Act of 1933, as amended. Statements that do not relate strictly to historical or current facts are forward-looking. Without limiting the generality of the foregoing, forward-looking statements contained in this news release specifically include the expectations of plans, strategies, objectives and growth and anticipated financial and operational performance of EQT Corporation and its subsidiaries (collectively, the Company), including guidance regarding the Company's strategy to develop its reserves; drilling plans and programs (including the number and type of drilling rigs and the number of frac crews to be utilized by the Company); projected natural gas prices, basis and average differential; the impact of commodity prices on the Company's business; total resource potential; projected production and sales volume and growth rates; projected well costs and unit costs; the timing of implementation of the Company's new well design and the projected benefits thereof; the Company's ability to successfully implement and execute its operational, organizational, technological and environmental, social and governance (ESG) initiatives, including the projected timing of achieving its emissions reduction goals, and the Company's ability to achieve the anticipated results of such initiatives; the amount and timing of any redemptions, repayments or repurchases of the Company's common stock, outstanding debt securities or other debt instruments; the Company's ability to reduce its debt and the timing of such reductions, if any; projected dividends, if any; projected free cash flow, adjusted operating cash flow, and adjusted EBITDA; liquidity and financing requirements, including funding sources and availability; the Company's ability to maintain or improve its credit ratings, leverage levels and financial profile, and the timing of achieving such improvements, if at all; the Company's hedging strategy and projected margin posting obligations; the Company's tax position and projected effective tax rate; and the expected impact of changes in laws.
The forward-looking statements included in this news release involve risks and uncertainties that could cause actual results to differ materially from projected results. Accordingly, investors should not place undue reliance on forward-looking statements as a prediction of actual results. The Company has based these forward-looking statements on current expectations and assumptions about future events, taking into account all information currently known by the Company. While the Company considers these expectations and assumptions to be reasonable, they are inherently subject to significant business, economic, competitive, regulatory and other risks and uncertainties, many of which are difficult to predict and beyond the Company's control. These risks and uncertainties include, but are not limited to, volatility of commodity prices; the costs and results of drilling and operations; uncertainties about estimates of reserves, identification of drilling locations and the ability to add proved reserves in the future; the assumptions underlying production forecasts; the quality of technical data; the Company's ability to appropriately allocate capital and resources among its strategic opportunities; access to and cost of capital; the Company's hedging and other financial contracts; inherent hazards and risks normally incidental to drilling for, producing, transporting and storing natural gas, natural gas liquids (NGLs) and oil; cyber security risks; availability and cost of drilling rigs, completion services, equipment, supplies, personnel, oilfield services and water required to execute the Company's exploration and development plans, including as a result of the COVID-19 pandemic; risks associated with operating primarily in the Appalachian Basin and obtaining a substantial amount of the Company's midstream services from Equitrans Midstream Corporation; the ability to obtain environmental and other permits and the timing thereof; government regulation or action, including regulations pertaining to methane and other greenhouse gas emissions; negative public perception of the fossil fuels industry; increased consumer demand for alternatives to natural gas; environmental and weather risks, including the possible impacts of climate change; and disruptions to the Company's business due to acquisitions and other significant transactions. These and other risks are described under Item 1A, "Risk Factors," and elsewhere in the Company's Annual Report on Form 10-K for the year ended December 31, 2021 and other documents the Company files from time to time with the Securities and Exchange Commission. In addition, the Company may be subject to currently unforeseen risks that may have a materially adverse impact on it.
Any forward-looking statement speaks only as of the date on which such statement is made, and the Company does not intend to correct or update any forward-looking statement, whether as a result of new information, future events or otherwise, except as required by law.
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SOURCE EQT Corporation (EQT-IR) | https://www.13abc.com/prnewswire/2022/07/27/eqt-reports-second-quarter-2022-results/ | 2022-07-27T21:08:24Z | https://www.13abc.com/prnewswire/2022/07/27/eqt-reports-second-quarter-2022-results/ | false | 15 |
Scarlet Friars is missing from Derry with her mother Jacqueline.
The PSNI are continuing to appeal to the public for help in locating Jacqueline Friars (39) and her five-year-old daughter Scarlett.
Jacqueline and Scarlett were last seen at around 2.30pm on Sunday, 24th July in the Shantallow area of the city. Scarlet (pictured) is described as having hazel-coloured eyes and light brown hair, which was tied up in a ponytail.
Jacqueline is described as 39-years-old, of slim build, approximately 5’10” tall with shoulder length dark brown, curly hair, green eyes and, when last seen, was wearing a red check shirt, blue jeans and carrying a red handbag.
We believe Jacqueline and Scarlet may have travelled to the Republic of Ireland in a blue Ford Kuga with a green ‘Children On Board’ sticker.
We are keen to know that Scarlet is safe and well, and are appealing directly to the person we believe Scarlet is with to get in touch.
We are also appealing to anyone with information on the whereabouts of Jacqueline and Scarlet, to call 101, quoting reference 1076 of 24/07/22.
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Keep up with the latest news from Donegal with our daily newsletter featuring the most important stories of the day delivered to your inbox every evening at 5pm. | https://www.derrynow.com/news/home/871252/psni-appeal-for-help-in-locatingmother-and-daughter.html | 2022-07-27T21:10:17Z | https://www.derrynow.com/news/home/871252/psni-appeal-for-help-in-locatingmother-and-daughter.html | false | 6 |
A statue honoring aviation pioneer Amelia Earhart was unveiled Wednesday at the U.S. Capitol's National Statuary Hall. Earhart was the first woman to fly solo across the Atlantic Ocean.
Copyright 2022 NPR
A statue honoring aviation pioneer Amelia Earhart was unveiled Wednesday at the U.S. Capitol's National Statuary Hall. Earhart was the first woman to fly solo across the Atlantic Ocean.
Copyright 2022 NPR | https://www.kmuw.org/2022-07-27/amelia-earhart-statue-is-unveiled-at-the-u-s-capitol | 2022-07-27T21:10:17Z | https://www.kmuw.org/2022-07-27/amelia-earhart-statue-is-unveiled-at-the-u-s-capitol | false | null |
A light plane lost its front landing gear and clipped a fence in a rough landing at Pitt Meadows Airport on Tuesday evening, but the pilot was not hurt.
The incident took place at 9:45 p.m., said Pitt Meadows Deputy Fire Chief David Biggin.
The pilot was apparently coming in for a landing from the east.
“His landing gear clipped the fence,” said Biggin.
The plane struck the fence near Baynes Road on the east side of the airport, and the plane then came to rest on the grass short of the runway.
Biggin said either hitting the fence or the landing on the grass sheared off the plane’s front landing gear.
The lone occupant was the pilot.
“There was no injuries,” said Biggin.
The TSB announced Wednesday that a team of investigators was heading to Pitt Meadows to investigate the incident, which the agency said involved a Piper PA28 Cherokee.
“The TSB will gather information and assess the occurrence,” the agency said on its Twitter account.
#TSBAir is deploying a team of investigators following a collision with a fence and hard landing of a privately registered Piper PA28 Cherokee, that occurred yesterday at Pitt Meadows Airport, BC. The TSB will gather information and assess the occurrence.
— TSB of Canada (@TSBCanada) July 27, 2022
READ ALSO: Low-flying helicopter expected over Maple Ridge
READ ALSO: Smoke, pollution trigger air quality advisory in Lower Mainland | https://www.aldergrovestar.com/news/plane-hits-fence-in-hard-landing-at-pitt-meadows-airport/ | 2022-07-27T21:11:17Z | https://www.aldergrovestar.com/news/plane-hits-fence-in-hard-landing-at-pitt-meadows-airport/ | true | 11 |
Strong Q3 performance; Raising FY'22 constant currency ARR and Cash Flow guidance
BOSTON, July 27, 2022 /PRNewswire/ -- PTC (NASDAQ: PTC) today reported financial results for its third fiscal quarter ended June 30, 2022.
"In our third fiscal quarter, we again delivered strong results. We reported ARR growth of 9% and 15% on an organic constant currency basis. In addition, our recently acquired Codebeamer business had an outstanding quarter and added an additional point of ARR growth, taking constant currency ARR growth to 16%. In Q3, our cash from operations was $117 million, up 33% year over year, and our adjusted free cash flow was $132 million, up 23% year over year. The strength in Q3 was broad-based across all segments and geographic regions, driven by demand for digital transformation and SaaS," said James Heppelmann, President and CEO, PTC.
"Our differentiated product portfolio and leading SaaS capabilities position PTC to drive superior value for customers. Given the high resiliency of our business due to our subscription model coupled with our strong market position, as well as the strong execution of our teams, we are raising our key guidance measures for fiscal 2022 for the third time this year," concluded Heppelmann.
Third Quarter 2022 Highlights[1]
Key operating and financial highlights are set forth below. For additional details, please refer to the Q3'22 earnings presentation and financial data tables that have been posted to the Investor Relations section of our website at investor.ptc.com. Revenue and, as a result, operating margin, operating profit, and earnings per share are impacted by revenue recognition under ASC 606.
- ARR as reported was $1,544 million at the end of Q3'22, up 9% compared to Q3'21, including $15 million related to the acquisition of Codebeamer. On a constant currency basis (including $16 million related to Codebeamer), ARR was $1,625 million, up 16%, compared to Q3'21. On an organic constant currency basis (excluding $16 million related to Codebeamer), ARR was $1,610 million, up 15% compared to Q3'21, and above guidance of $1,580 million to $1,595 million. Foreign exchange rate fluctuations had an $81 million negative impact on our Q3'22 reported ARR. ARR at the end of Q3'22 includes a $4 million reduction associated with discontinuing our business operations in Russia in Q2'22.
- Cash flow from operations was $117 million, free cash flow was $112 million, and adjusted free cash flow was $132 million in Q3'22, up compared to Q3'21 by 33%, 33%, and 23%, respectively. All three metrics were above guidance. In Q3'21, cash flow from operations was $88 million, free cash flow was $85 million, and adjusted free cash flow was $107 million.
- Revenue was $462 million in Q3'22, up 6% compared to Q3'21. On a constant currency basis, revenue was $480 million, up 12% compared to Q3'21.
- Operating margin was 17% in both Q3'22 and Q3'21. Non-GAAP operating margin in Q3'22 was 34%, compared to 31% in Q3'21.
- Earnings per share was $0.60 in Q3'22, compared to $0.43 in Q3'21. Non-GAAP earnings per share in Q3'22 was $0.97, compared to $0.83 in Q3'21.
- Total cash and cash equivalents as of the end of Q3'22 was $322 million. Gross debt was $1.43 billion as of the end of Q3'22. The increase in gross debt during Q3'22 was primarily due to financing the Codebeamer acquisition with our revolving credit facility, partially offset by repaying $105 million on our revolving credit facility.
[1] The definitions of our operating and non-GAAP financial measures and reconciliations of non-GAAP financial measures to comparable GAAP measures are included below and in the reconciliation tables at the end of this press release.
Fiscal 2022 and Q4'22 Guidance
"PTC delivered solid third quarter results. Based on our Q3 performance and our forecast for the remainder of the year, including the impact of Codebeamer and DxP, we are raising our ARR and free cash flow and adjusted free cash flow guidance for fiscal 2022. Due to foreign exchange headwinds, we are reducing our revenue guidance," said Kristian Talvitie, EVP and CFO, PTC.
"Despite the foreign exchange headwinds and the impact of exiting our business in Russia in Q2'22, our resilient business model, consistent execution, and operational discipline position us to deliver on our updated targets for the year," concluded Talvitie.
Our FY'22 guidance now reflects the expected operating results of the Codebeamer business and the effect of the DxP transaction, as well as the impact of business combination accounting, incremental interest expense, and all acquisition and transaction-related charges.
Our FY'22 and Q4'22 financial guidance includes the assumptions below:
- We provide ARR guidance on a constant currency basis, using our FY'22 Plan foreign exchange rates (rates as of September 30, 2021) for all periods. Unfavorable changes in foreign exchange rates have been a headwind to our reported ARR. At end of Q3'22 foreign exchange rates, FY'22 ARR would be lower by approximately $85 million, compared to our constant currency guidance (previously $34 million, based on foreign exchange rates as of the end of Q2'22).
- We expect FY'22 organic churn, excluding the impact of our exit from Russia, to improve by approximately 150 basis points (previously 100 basis points) over FY'21.
- Due to invoicing seasonality, the majority of our collections occur in the first half of our fiscal year. Q4 is our lowest cash flow generation quarter.
- Our operating costs are expected to increase in FY'22 due to hiring, increased SaaS investments, merit increases that took effect in Q3'22, and the acquisition of the Codebeamer business in Q3'22 (updated). At the mid-point of ARR guidance, we expect FY'22 GAAP operating expenses to increase approximately 4% to 5% (previously 3% to 4%) and non-GAAP operating expenses to increase approximately 2% to 3% over FY'21.
- FY'22 GAAP P&L results are expected to include the items outlined below, totaling $281 million to $291 million (previously $293 million to $308 million), as well as their related tax effects:
- Related to restructuring, for FY'22 we expect:
- Our FY'22 GAAP tax rate is expected to be approximately 20% and our non-GAAP tax rate is expected to be approximately 19%.
- FY'22 capital expenditures are expected to be approximately $20 million (previously $25 million).
- Our long-term goal, assuming our Debt/EBITDA ratio is below 3x, is to return approximately 50% of our free cash flow to shareholders via share repurchases, while also taking into consideration the interest rate environment and strategic opportunities (updated).
PTC's Fiscal Third Quarter Results Conference Call
The Company will host a conference call to discuss results at 5:00 pm ET on Wednesday, July 27, 2022. To participate in the live conference call, dial (888) 330-2508 or (240) 789-2735 and provide the passcode 7328695, or log in to the webcast, available on PTC's Investor Relations website. A replay will also be available.
Important Disclosures
Important Information About Our Non-GAAP Financial Measures
PTC provides supplemental non-GAAP financial measures to its financial results. We use these non-GAAP financial measures, and we believe that they assist our investors, to make period-to-period comparisons of our operating performance because they provide a view of our operating results without items that are not, in our view, indicative of our operating results. These non-GAAP financial measures should not be construed as an alternative to GAAP results as the items excluded from the non-GAAP financial measures often have a material impact on our operating results, certain of those items are recurring, and others often recur. Management uses, and investors should consider, our non-GAAP financial measures only in conjunction with our GAAP results.
Non-GAAP operating expense, non-GAAP operating margin, non-GAAP gross profit, non-GAAP gross margin, non-GAAP net income and non-GAAP EPS exclude the effect of the following items: stock-based compensation; amortization of acquired intangible assets; acquisition-related and other transactional charges included in general and administrative expenses; restructuring and other charges, net; certain non-operating charges and credits; and income tax adjustments. Additional information about the items we exclude from our non-GAAP financial measures and the reasons we exclude them can be found in "Non-GAAP Financial Measures" on page 24 of our Annual Report on Form 10-K for the fiscal year ended September 30, 2021. In FY'21, we incurred tax expense related to a South Korean tax matter which is excluded from our non-GAAP financial measures as it is related to prior periods and not included in management's view of results for comparative purposes. We also recorded a tax benefit in FY'21 related to the release of our U.S. valuation allowance as a result of the Arena acquisition and our conclusion that it is now more likely than not that we will realize the majority of our deferred tax assets in the U.S. As the non-GAAP tax provision is calculated assuming that there is no valuation allowance, this benefit has been excluded from our non-GAAP financial measures.
Free Cash Flow and Adjusted Free Cash Flow: PTC provides information on free cash flow and adjusted free cash flow to enable investors to assess our ability to generate cash without incurring additional external financings and to evaluate our performance against our announced long-term goals and intent to return approximately 50% of our free cash flow to shareholders via stock repurchases. Free cash flow is cash provided by (used in) operations net of capital expenditures. Adjusted free cash flow is free cash flow net of restructuring payments, acquisition and transaction-related payments, and non-ordinary course tax-related payments or receipts. Free cash flow and adjusted free cash flow are not measures of cash available for discretionary expenditures.
Constant Currency (CC): We present CC information to provide a framework for assessing how our underlying business performed excluding the effects of foreign currency rate fluctuations. To present CC information, FY'22 and comparative prior period results for entities reporting in currencies other than United States dollars are converted into United States dollars using the foreign exchange rate as of September 30, 2021, rather than the actual exchange rates in effect during that period.
Operating Measures
ARR: We provide an ARR (Annual Run Rate) operating measure to help investors understand and assess the performance of our business as a SaaS and on-premise subscription company. ARR represents the annualized value of our portfolio of active subscription software, cloud, SaaS, and support contracts as of the end of the reporting period. ARR includes orders placed under our Strategic Alliance Agreement with Rockwell Automation, including orders placed to satisfy contractual minimum commitments.
We believe ARR is a valuable operating metric to measure the health of a subscription business because it captures expected subscription and support cash generation from customers.
Organic Constant Currency ARR: We provide an organic constant currency ARR measure to help investors understand and assess the performance of our business without the effect of ARR (other than insignificant amounts) from acquisitions in the comparative period and foreign exchange rate fluctuations.
Because our ARR measures represent the annualized value of customer contracts as of a point in time, they do not represent revenue for any particular period or remaining revenue that will be recognized in future periods.
Churn: We provide churn measures to enable investors to understand and assess our customer contract retention. Churn represents the difference between the ARR amount for all subscription software, cloud, SaaS, and support contracts ended within a reporting period and the annualized renewal transactions started within a reporting period, as of the end of the reporting period.
Forward-Looking Statements
Statements in this press release that are not historic facts, including statements about our future financial and growth expectations and targets, and potential stock repurchases, are forward-looking statements that involve risks and uncertainties that could cause actual results to differ materially from those projected. These risks include: the macroeconomic and/or global manufacturing climates may not improve when or as we expect, or may deteriorate, due to, among other factors, the COVID-19 pandemic, the effects of the Russia/Ukraine conflict, and inflation, which could cause customers to delay or reduce purchases of new software, reduce the number of subscriptions they carry, or delay payments to us, all of which would adversely affect ARR and our financial results, including cash flow; our businesses, including our SaaS businesses, may not expand and/or generate the revenue or ARR we expect if customers are slower to adopt our technologies than we expect or if they adopt competing technologies; our transactions with Intland Software and ITC Infotech may not have the expected effects on our business or results of operations; our strategic initiatives and investments, including our restructuring and our accelerated investments in our transition to SaaS, may not deliver the results when or as we expect; we may be unable to generate sufficient operating cash flow to repay amounts under our credit facility or to return 50% of free cash flow to shareholders, and other uses of cash or our credit facility limits or other matters could preclude such repayment and/or repurchases; and foreign exchange rates may differ materially from those we expect. In addition, our assumptions concerning our future GAAP and non-GAAP effective income tax rates are based on estimates and other factors that could change, including the geographic mix of our revenue, expenses, and profits. Other risks and uncertainties that could cause actual results to differ materially from those projected are detailed from time to time in reports we file with the Securities and Exchange Commission, including our most recent Annual Report on Form 10-K and Quarterly Reports on Form 10-Q.
About PTC (NASDAQ: PTC)
PTC enables global manufacturers to realize double-digit impact with software solutions that enable them to accelerate product and service innovation, improve operational efficiency, and increase workforce productivity. In combination with an extensive partner network, PTC provides customers flexibility in how its technology can be deployed to drive digital transformation – on premises, in the cloud, or via its pure SaaS platform. At PTC, we don't just imagine a better world, we enable it.
PTC Investor Relations Contact
Matt Shimao
SVP, Investor Relations
mshimao@ptc.com
investor@ptc.com
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SOURCE PTC Inc. | https://www.wabi.tv/prnewswire/2022/07/27/ptc-announces-third-fiscal-quarter-2022-results/ | 2022-07-27T21:11:32Z | https://www.wabi.tv/prnewswire/2022/07/27/ptc-announces-third-fiscal-quarter-2022-results/ | true | 11 |
Ahmedabad, July 27: Prime Minister Narendra Modi will launch several projects including the country’s first international bullion exchange during his two-day Gujarat visit starting July 28. Assembly elections are due in Gujarat by year-end.
On the first day of his visit, Modi will inaugurate a Rs 305 crore milk powder plant of the Sabarkantha District Co-operative Milk Producers’ Union (Sabar Dairy) near Himmatnagar, said state minister and spokesperson Jitu Vaghani.
The plant can produce 120 metric tonnes of milk powder per day, he said.
From the stage, Modi will virtually inaugurate Sabar Dairy’s three- lakh-litre-per-day milk processing plant and also perform ground-breaking for a cheese plant which would come up at a cost of Rs 600 crore, said Vaghani.
Sabar Dairy is part of the Gujarat Cooperative Milk Marketing Federation Ltd (GCMMF), the owner of the Amul brand.
In a release, Sabar Dairy said the PM will also interact with 20 women cattle-rearers from Sabarkantha and neighbouring Aravalli districts during the event.
On July 29, the prime minister will visit India’s maiden International Financial Services Centre (IFSC) at Gujarat International Finance Tec-City (GIFT City) in Gandhinagar.
He will also launch the India International Bullion Exchange (IIBX), the country’s first international bullion exchange, said Vaghani.
The exchange will give an impetus to the financialization of gold in India, said a statement by the IFSC Authority.
The PM will also lay the foundation stone of the unified regulator International Financial Services Centres Authority’s headquarters.
He will also launch NSE IFSC-SGX Connect. Under this system, all orders on Nifty derivatives placed by members of Singapore Exchange Limited (SGX) will be routed to and matched on the NSE-IFSC order matching and trading platform, an official release said. | https://www.greaterkashmir.com/national-2/untitled-jul-28-2022-1234-am | 2022-07-27T21:12:04Z | https://www.greaterkashmir.com/national-2/untitled-jul-28-2022-1234-am | true | 2 |
Facebook parent Meta was hit with a double whammy in the last three months: revenue fell for the first time ever and profit shrank for the third straight quarter, amid growing competition from TikTok and a downturn in advertising.
Shares were down on the news, adding to a slide that has seen Meta's market value fall by half since it reported its first-ever drop in daily Facebook users at the end of last year.
Revenue slipped 1% from a year ago to $28.8 billion in the three months ending in June, a bigger drop than Wall Street analysts were expecting. The company's forecast for sales in the current quarter, of $26 billion to $28.5 billion, was also short of analysts' estimates.
Profit was down 36% to $6.7 billion.
There was a silver lining to the company's announcement, however: people keep using Facebook. The number of people logging on to the flagship social network daily ticked up 3% to 1.97 billion, defying Wall Street's expectations of another decline.
Meta's results are the latest sign of a protracted slowdown in the digital ad market, as companies pull back on spending amid soaring inflation, interest rate hikes and other economic woes. The company blamed its tepid third-quarter forecast on "weak advertising demand" driven by macroeconomic uncertainty.
Social media companies are also still dealing with the impact of Apple's privacy changes, which have made it harder to target ads to smartphone users based on their online activity.
Investors slashed tens of billions of dollars off the market value of ad-dependent tech companies after Snapchat and Twitter posted disappointing results last week.
Snapchat reported its weakest ever quarterly growth rate – even worse than the company had warned back in May – and said the situation was too uncertain for it to give a financial forecast for the coming months.
Twitter's revenue unexpectedly declined, which the company blamed on nervous advertisers and its fraught deal to sell the company to Elon Musk.
On Tuesday, Google reported its slowest quarterly growth rate since the early days of the pandemic.
Faced with increasing competition over a shrinking pool of advertising dollars, Meta is trying to pull off an ambitious pivot. It's revamping Facebook and Instagram to look and work more like TikTok, the Chinese-owned upstart popular among younger users, by filling up users' feeds with short videos from influencers and random strangers.
Meta CEO Mark Zuckerberg hopes to squeeze more money out of the company's existing apps, so it can fund investments in its ad systems to cope with the Apple changes and build what he says is the next big platform: the virtual reality-powered metaverse.
On Wednesday, he said Meta's efforts were boosting engagement, calling out Reels, the company's TikTok-like short video format, and its investment in artificial intelligence technology that recommends content on its apps.
However, the changes are sparking backlash from some high-profile users. Celebrities Kim Kardashian, Kylie Jenner and Chrissy Teigen all complained this week about Instagram's recent emphasis on Reels.
On Tuesday, Instagram head Adam Mosseri addressed the criticism and acknowledged that some of the app's changes are "not yet good."
But, he said, "I need to be honest. I do believe that more and more of Instagram is going to become video over time."
The world is changing quickly, he said, and the company needs to change with it.
Editor's note: Facebook parent Meta pays NPR to license NPR content.
Copyright 2022 NPR. To see more, visit https://www.npr.org. | https://www.wmot.org/2022-07-27/facebooks-parent-company-reports-a-drop-in-revenue-for-the-first-time-ever | 2022-07-27T21:15:28Z | https://www.wmot.org/2022-07-27/facebooks-parent-company-reports-a-drop-in-revenue-for-the-first-time-ever | true | 12 |
SMYRNA, Tenn. (WXIN) – A laxative sold at several major retail stores including Walgreens and CVS is being recalled after the company received a few reports of serious adverse reactions.
The FDA said Smyrna, TN, Vi-Jon, LLC is recalling all lots of all flavors of its Magnesium Citrate Saline Laxative Oral Solution. The recall was initiated after company testing found a bacteria called Gluconacetobacter liquefaciens.
The FDA said immunocompromised people who consume the product could be at increased risk for an invasive infection that could be severe or life-threatening. So far, the company has learned of three reports potentially related to the recall.
The company recalled one lot of the product last month, but expanded the recall notice to include all lots and all flavors this week.
The product, which is packaged in a 10-ounce plastic bottle, is used for constipation relief. It was distributed nationwide to wholesale and retail outlets.
Anyone with the recalled product should stop using it and return any remaining product to where they bought it.
Anyone who experiences any problems that may be related to taking or using this drug product should inform their doctor and the FDA. Adverse reactions or quality problems may be reported to the FDA’s MedWatch Adverse Event Reporting program either online, by mail or by fax.
Anyone with questions can contact Vi-Jon, LLC, by e-mail at Recalls@Vijon.com. | https://www.klfy.com/national/laxative-recall-expanded-after-reports-of-serious-adverse-reactions/ | 2022-07-27T21:16:39Z | https://www.klfy.com/national/laxative-recall-expanded-after-reports-of-serious-adverse-reactions/ | false | 14 |
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Here's Why Knight-Swift Transportation Holdings (KNX) is a Great Momentum Stock to Buy
Momentum investing revolves around the idea of following a stock's recent trend in either direction. In the 'long' context, investors will be essentially be "buying high, but hoping to sell even higher." With this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving that way. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.
While many investors like to look for momentum in stocks, this can be very tough to define. There is a lot of debate surrounding which metrics are the best to focus on and which are poor quality indicators of future performance. The Zacks Momentum Style Score, part of the Zacks Style Scores, helps address this issue for us.
Below, we take a look at Knight-Swift Transportation Holdings (KNX), which currently has a Momentum Style Score of A. We also discuss some of the main drivers of the Momentum Style Score, like price change and earnings estimate revisions.
It's also important to note that Style Scores work as a complement to the Zacks Rank, our stock rating system that has an impressive track record of outperformance. Knight-Swift Transportation Holdings currently has a Zacks Rank of #2 (Buy). Our research shows that stocks rated Zacks Rank #1 (Strong Buy) and #2 (Buy) and Style Scores of A or B outperform the market over the following one-month period.
You can see the current list of Zacks #1 Rank Stocks here >>>
Set to Beat the Market?
In order to see if KNX is a promising momentum pick, let's examine some Momentum Style elements to see if this trucking company holds up.
A good momentum benchmark for a stock is to look at its short-term price activity, as this can reflect both current interest and if buyers or sellers currently have the upper hand. It is also useful to compare a security to its industry, as this can help investors pinpoint the top companies in a particular area.
For KNX, shares are up 5.99% over the past week while the Zacks Transportation - Truck industry is up 4.31% over the same time period. Shares are looking quite well from a longer time frame too, as the monthly price change of 9.44% compares favorably with the industry's 8.93% performance as well.
While any stock can see its price increase, it takes a real winner to consistently beat the market. That is why looking at longer term price metrics -- such as performance over the past three months or year -- can be useful as well. Over the past quarter, shares of Knight-Swift Transportation Holdings have risen 2.47%, and are up 4.51% in the last year. In comparison, the S&P 500 has only moved -5.67% and -9.95%, respectively.
Investors should also pay attention to KNX's average 20-day trading volume. Volume is a useful item in many ways, and the 20-day average establishes a good price-to-volume baseline; a rising stock with above average volume is generally a bullish sign, whereas a declining stock on above average volume is typically bearish. KNX is currently averaging 1,628,955 shares for the last 20 days.
Earnings Outlook
The Zacks Momentum Style Score encompasses many things, including estimate revisions and a stock's price movement. Investors should note that earnings estimates are also significant to the Zacks Rank, and a nice path here can be promising. We have recently been noticing this with KNX.
Over the past two months, 7 earnings estimates moved higher compared to 1 lower for the full year. These revisions helped boost KNX's consensus estimate, increasing from $5.34 to $5.39 in the past 60 days. Looking at the next fiscal year, 4 estimates have moved upwards while there have been 1 downward revision in the same time period.
Bottom Line
Given these factors, it shouldn't be surprising that KNX is a #2 (Buy) stock and boasts a Momentum Score of A. If you're looking for a fresh pick that's set to soar in the near-term, make sure to keep Knight-Swift Transportation Holdings on your short list.
Just Released: Zacks Top 10 Stocks for 2022
In addition to the investment ideas discussed above, would you like to know about our 10 top picks for the entirety of 2022?
From inception in 2012 through 2021, the Zacks Top 10 Stocks portfolios gained an impressive +1,001.2% versus the S&P 500’s +348.7%. Now our Director of Research has combed through 4,000 companies covered by the Zacks Rank and has handpicked the best 10 tickers to buy and hold. Don’t miss your chance to get in…because the sooner you do, the more upside you stand to grab.
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KnightSwift Transportation Holdings Inc. (KNX): Free Stock Analysis Report
To read this article on Zacks.com click here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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- Stock Market Today: Dow Jones, S&P 500 Drop; Walmart Falls On Lowered Profit Outlook; Microsoft & Alphabet Earnings On Deck | https://www.nasdaq.com/articles/heres-why-knight-swift-transportation-holdings-knx-is-a-great-momentum-stock-to-buy | 2022-07-27T21:24:24Z | https://www.nasdaq.com/articles/heres-why-knight-swift-transportation-holdings-knx-is-a-great-momentum-stock-to-buy | true | 30 |
7-year-old girl dies at park after tree falls on tent, officials say
Published: Jul. 27, 2022 at 3:06 PM MDT|Updated: 19 minutes ago
GATLINBURG, Tenn. (WHNS/Gray News) - A young girl from Georgia has died after a tree fell on a tent during the overnight hours at the Great Smoky Mountains National Park.
According to the National Park Service, park rangers were called to the Elkmont Campground at about 12:30 a.m. Wednesday, after a large maple tree fell and killed a 7-year-old girl.
WHNS reports other family members, including the girl’s father and two siblings, were not hurt.
Officials said the affected campsite and nearby campsites were closed immediately following the incident.
Copyright 2022 WHNS via Gray Media Group, Inc. All rights reserved. | https://www.kktv.com/2022/07/27/7-year-old-girl-dies-park-after-tree-falls-tent-officials-say/ | 2022-07-27T21:25:38Z | https://www.kktv.com/2022/07/27/7-year-old-girl-dies-park-after-tree-falls-tent-officials-say/ | true | null |
Stocks that traded heavily or had substantial price changes Wednesday:
Teva Pharmaceutical Industries Ltd., up $2.02 to $9.14.
The drugmaker agreed to a $4.3 billion settlement to settle lawsuits that claimed the company helped fuel the U.S. opioid epidemic.
Alphabet Inc., up $8.04 to $113.06.
Google's owner reported second-quarter results that weren’t as bad as investors feared.
Spotify Technology SA, up $12.64 to $116.61.
The music streaming service's monthly active user and premium subscriber numbers exceeded the Street's expectations.
Chipotle Mexican Grill Inc., up $193.57 to $1,510.
The restaurant chain reported second-quarter earnings that beat analysts' forecasts, helped by higher margins and lower expenses.
Sherwin-Williams Co., down $22.32 to $231.97.
The paint and coatings maker lowered its earnings outlook after its results fell short of Wall Street's estimates.
Kraft Heinz Co., down $2.30 to $36.34.
The maker of Jell-O pudding and Velveeta cheese reported strong second-quarter financial results, but year-over-year margins fell.
Garmin Ltd., down $8.94 to $93.56.
The bike computer and fitness watch maker reported revenue growth that fell short of Wall Street's estimates.
Enphase Energy Inc., up $38.67 to $254.77.
The solar technology company delivered second-quarter results that topped analysts' forecasts, reflecting strong demand in Europe. | https://www.thetelegraph.com/news/article/Spotify-Alphabet-rise-Kraft-Heinz-Garmin-fall-17333150.php | 2022-07-27T21:27:49Z | https://www.thetelegraph.com/news/article/Spotify-Alphabet-rise-Kraft-Heinz-Garmin-fall-17333150.php | false | 12 |
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CHARLESTON, W.Va. (AP) — West Virginia's Republican-dominated House of Delegates passed a sweeping abortion ban Wednesday that makes providing the procedure a felony punishable by up to 10 years in prison.
The measure, which now heads to the Senate for consideration, includes exceptions for victims of rape and incest, as well as for medical emergencies.
During hours of debate leading up to the 69 to 23 vote, the sound of screams and chants from protesters standing outside the chamber rang through the room. “Face us!” the crowd yelled.
“What’s ringing in my ears is not the noise of the people here,” said one of the bill's supporters, Republican Del. Brandon Steele of Raleigh County. “It’s the cries of the unborn, tens of thousands of unborn children that are dead today. ... Their blood screams from the ground today that you end this scar on our state, that you remove this curse from this land that was put upon us by a court so long ago.”
Abortion had been banned after 20 weeks of pregnancy in West Virginia until the U.S. Supreme Court overturned the constitutional right to abortion last month. After that ruling, the state's Attorney General Patrick Morrisey said abortion was banned in the state because of an 1800s-era law that had been unenforceable while abortion was federally protected.
But last week a Charleston judge barred the state from enforcing the ban, ruling it had been superseded by a slew of conflicting modern laws like the 20-week ban.
In response, Republican Gov. Jim Justice on Monday called lawmakers to “clarify and modernize” the state abortion laws in a special session.
During their lengthy floor debate Wednesday, lawmakers narrowly voted 46 to 43 to add an exemption for victims of rape and incest until 14 weeks of pregnancy. Eleven members did not vote. The exemption also requires victims to report their assault to law enforcement. The bill provides other exceptions for an a “nonmedically viable fetus,” a medical emergency or an ectopic pregnancy — when an embryo grows outside the uterus and can’t be saved.
Republican Del. John Kelly of Wood County said he is against abortion, but said he had to listen to his conscience when it came to supporting the exemption for rape and incest. Kelly said he would want his granddaughter to be able to access abortion if she were assaulted.
“I’m the guy that’s going to have to lay my head down on a pillow tonight after I make that vote. I’m either going to go to sleep, or I'm gonna have to worry, ‘Did I make the right decision?’" he said. "In this case, my little granddaughter is one that I’m going to make a decision for. I am not going to put her through the hell that she would have to go through.”
Hundreds of people descended on the state Capitol to speak on the bill in a hearing or watch lawmakers vote. They stood outside the House chamber and Speaker Roger Hanshaw's office chanting and holding signs reading, “We will not go quietly” and “Stop stealing our health care.”
During the morning public hearing, multiple people were escorted out from the House chambers by security, including staff from the state's only abortion clinic.
Around 70 of the 90 people spoke against the bill. All speakers were each given 45 seconds before they were cut off and asked to step down from the podium. Some people cried, including a woman who said getting an abortion saved her life and a mother whose teenage daughter was raped last year at a sleepover.
Women's Health Center of West Virginia Executive Director Katie Quiñonez was cut off and asked to step down as she started to talk about the abortion she got when she was 17, months away from graduating high school.
“I chose life," she said, raising her voice to speak over the interruption. “I chose my life, because my life is sacred."
As security approached to escort her away from the podium, Quiñonez walked past them, down the chamber aisle and out the doors. People sitting in the gallery stood up to clap and cheer. | https://www.thetelegraph.com/news/article/W-Va-House-passes-sweeping-ban-criminalizing-17333239.php | 2022-07-27T21:28:14Z | https://www.thetelegraph.com/news/article/W-Va-House-passes-sweeping-ban-criminalizing-17333239.php | false | 12 |
Published: Jul. 27, 2022 at 4:05 PM EDT|Updated: 1 hour ago
Q2 2022 GAAP revenue $1,328.7 million, up 5.5%, Fully Diluted GAAP Earnings Per Share $0.42, down 40.8% Adjusted revenue $1,330.0 million, up 5.5%, Adjusted Diluted Earnings Per Share $1.10, down 11.3%
WINDSOR, Conn., July 27, 2022 /PRNewswire/ -- SS&C Technologies Holdings, Inc. (NASDAQ: SSNC), a global provider of investment, financial and healthcare software-enabled services and software, today announced its financial results for the second quarter ended June 30, 2022.
Second Quarter 2022 Highlights:
Q2 2022 total company revenue growth was 7.7% on a constant currency basis.
Q2 2022 organic growth was 2.2%, with continued strong performance from our Alternatives, Intralinks, and Advent business units.
Q2 2022 financial services organic growth, excluding the healthcare business, was 4.4%, which represents 94% of our revenues.
SS&C generated net cash from operating activities of $264.0 million for the three months ended June 30, 2022.
Paid down $234.7 million in debt in Q2 2022.
SS&C reported adjusted consolidated EBITDA attributable to SS&C of $470.8 million for Q2 2022.
Completed the acquisitions of MineralWare and O'Shares.
SS&C has been proactive to address the needs of our employees in response to high global inflation. This includes an additional merit increase in Q2 2022, discretionary bonuses being awarded three times annually, and restricted stock units added to our equity awards program.
"As evident in our second quarter results, SS&C is not immune to the weaker economic backdrop we have seen in the first half of 2022, but we continue to deliver superior customer service and our recent product launches are gaining traction," says Bill Stone, Chairman and Chief Executive Officer. "Revenue at Blue Prism is ahead of schedule, and we believe the elevated labor markets and current economic environment are driving clients and prospects towards intelligent automation solutions. We are also aggressively implementing Blue Prism across various business lines, which should lead to a stronger margin profile exiting 2022. We remain optimistic going forward."
Operating Cash Flow
SS&C generated net cash from operating activities of $447.5 million for the six months ended June 30, 2022, compared to $562.3 million for the same period in 2021, a 20.4% decrease. SS&C ended the second quarter with $438.3 million in cash and cash equivalents and $7,354.1 million in gross debt. SS&C's net debt balance as defined in our credit agreement, which excludes cash and cash equivalents of $148.3 million held at DomaniRx, LLC was $7,064.1 million as of June 30, 2022. SS&C's consolidated net leverage ratio as defined in our credit agreement stood at 3.45 times consolidated EBITDA attributable to SS&C as of June 30, 2022. SS&C's net secured leverage ratio stood at 2.48 times consolidated EBITDA attributable to SS&C as of June 30, 2022.
Guidance
SS&C does not provide reconciliations of guidance for Adjusted Revenues and Adjusted Net Income to comparable GAAP measures, in reliance on the unreasonable efforts exception provided under Item 10(e)(1)(i)(B) of Regulation S-K. SS&C is unable, without unreasonable efforts, to forecast certain items required to develop meaningful comparable GAAP financial measures. These items include acquisition transactions and integration, foreign exchange rate changes, as well as other non-cash and other adjustments as defined under the Company's Credit agreement, that are difficult to predict in advance in order to include in a GAAP estimate. The unavailable information could have a significant impact on Q3 2022 and FY 2022 GAAP financial results.
Non-GAAP Financial Measures
Adjusted revenue, adjusted operating income, adjusted consolidated EBITDA, adjusted net income and adjusted diluted earnings per share are non-GAAP measures. See the accompanying notes for the reconciliations and definitions for each of these non-GAAP measures and the reasons our management believes these measures provide useful information to investors regarding our financial condition and results of operations.
Earnings Call and Press Release
SS&C's Q2 2022 earnings call will take place at 5:00 p.m. eastern time today, July 27, 2022. The call will discuss Q2 2022 results and business outlook. Interested parties may dial 888-210-4650 (US and Canada) or 646-960-0327 (International), and request the "SS&C Technologies Second Quarter 2022 Earnings Conference Call"; conference ID #4673675. In connection with the earnings call, a presentation will be available on SS&C's website at http://investor.ssctech.com/results.cfm. A replay will be available after 8:00 p.m. eastern time on July 27, 2022, until midnight on August 3, 2022. The replay dial-in number is 800-770-2030 (US and Canada) or 647-362-9199 (International); access code #4673675. The call will also be available for replay on SS&C's website after July 27, 2022; access: http://investor.ssctech.com/results.cfm.
Certain information contained in this press release relating to, among other things, the Company's financial guidance for the second quarter and full year of 2022 constitute forward-looking statements for purposes of the safe harbor provisions under the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements concerning plans, objectives, goals, strategies, expectations, intentions, projections, developments, future events, performance, underlying assumptions, and other statements that are other than statements of historical facts.Without limiting the foregoing, the words "believes", "anticipates", "plans", "expects", "estimates", "projects", "forecasts", "may", "assume", "intend", "will", "continue", "opportunity", "predict", "potential", "future", "guarantee", "likely", "target", "indicate", "would", "could" and "should" and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements are accompanied by such words. Such statements reflect management's best judgment based on factors currently known but are subject to risks and uncertainties, which could cause actual results to differ materially from those anticipated. Such risks and uncertainties include, but are not limited to, the state of the economy and the financial services industry and other industries in which the Company's clients operate, the Company's ability to realize anticipated benefits from its acquisitions, including DST Systems, Inc., the effect of customer consolidation on demand for the Company's products and services, the increasing focus of the Company's business on the hedge fund industry, the variability of revenue as a result of activity in the securities markets, the ability to retain and attract clients, fluctuations in customer demand for the Company's products and services, the intensity of competition with respect to the Company's products and services, the exposure to litigation and other claims, terrorist activities and other catastrophic events, disruptions, attacks or failures affecting the Company's software-enabled services, risks associated with the Company's foreign operations, privacy concerns relating to the collection and storage of personal information, evolving regulations and increased scrutiny from regulators, the Company's ability to protect intellectual property assets and litigation regarding intellectual property rights, delays in product development, investment decisions concerning cash balances, regulatory and tax risks, risks associated with the Company's joint ventures, changes in accounting standards, risks related to the Company's substantial indebtedness, the market price of the Company's stock prevailing from time to time, and the risks discussed in the "Risk Factors" section of the Company's most recent Annual Report on Form 10-K and Quarterly Report on Form 10-Q, which are on file with the Securities and Exchange Commission and can also be accessed on our website. Forward-looking statements speak only as of the date on which they are made and, except to the extent required by applicable securities laws, we undertake no obligation to update or revise any forward-looking statements.
About SS&C Technologies
SS&C is a global provider of services and software for the financial services and healthcare industries. Founded in 1986, SS&C is headquartered in Windsor, Connecticut, and has offices around the world. Some 20,000 financial services and healthcare organizations, from the world's largest companies to small and mid-market firms, rely on SS&C for expertise, scale, and technology.
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SS&C Technologies Holdings, Inc. and Subsidiaries Disclosures Relating to Non-GAAP Financial Measures
Note 1. Reconciliation of Revenues to Adjusted Revenues
Adjusted revenues represents revenues adjusted to include a) amounts that would have been recognized if deferred revenue were not adjusted to fair value at the date of acquisition and b) amounts that would have been recognized if not for adjustments to deferred revenue and retained earnings related to the adoption of ASC 606. Adjusted revenues is presented because we use this measure to evaluate performance of our business against prior periods and believe it is a useful indicator of the underlying performance of our business. Adjusted revenues is not a recognized term under generally accepted accounting principles ("GAAP"). Adjusted revenues does not represent revenues, as that term is defined under GAAP, and should not be considered as an alternative to revenues as an indicator of our operating performance. Adjusted revenues as presented herein is not necessarily comparable to similarly titled measures presented by other companies. Below is a reconciliation of adjusted revenues to revenues, the GAAP measure we believe to be most directly comparable to adjusted revenues.
The following is a breakdown of software-enabled services and license, maintenance and related revenues and adjusted software-enabled services and license, maintenance and related revenues.
Note 2. Reconciliation of Operating Income to Adjusted Operating Income
Adjusted operating income represents operating income adjusted for amortization of intangible assets, stock-based compensation, purchase accounting adjustments for deferred revenue and related costs, ASC 606 adoption impact and other expenses. Adjusted operating income is presented because we use this measure to evaluate performance of our business and believe it is a useful indicator of our underlying performance. Adjusted operating income is not a recognized term under GAAP. Adjusted operating income does not represent operating income, as that term is defined under GAAP, and should not be considered as an alternative to operating income as an indicator of our operating performance. Adjusted operating income as presented herein is not necessarily comparable to similarly titled measures by other companies. The following is a reconciliation between adjusted operating income and operating income, the GAAP measure we believe to be most directly comparable to adjusted operating income.
Note 3. Reconciliation of Net Income to EBITDA, Consolidated EBITDA and Adjusted Consolidated EBITDA
EBITDA represents net income before interest expense, income taxes, depreciation and amortization. Consolidated EBITDA, defined under our Credit Agreement entered into in April 2018, as amended, is used in calculating covenant compliance, and is EBITDA adjusted for certain items. Consolidated EBITDA is calculated by subtracting from or adding to EBITDA items of income or expense described below. Adjusted Consolidated EBITDA is calculated by subtracting acquired EBITDA (as defined below) from Consolidated EBITDA. EBITDA, Consolidated EBITDA and Adjusted Consolidated EBITDA are presented because we use these measures to evaluate performance of our business and believe them to be useful indicators of an entity's debt capacity and its ability to service debt. EBITDA, Consolidated EBITDA and Adjusted Consolidated EBITDA are not recognized terms under GAAP and should not be considered in isolation or as alternatives to operating income, net income or cash flows from operating activities as indicators of our operating performance. These measures are not necessarily comparable to similarly titled measures by other companies. The following is a reconciliation of EBITDA, Consolidated EBITDA and Adjusted Consolidated EBITDA to net income.
Note 4. Reconciliation of Net Income to Adjusted Net Income and Diluted Earnings Per Share Attributable to SS&C to Adjusted Diluted Earnings Per Share Attributable to SS&C
Adjusted net income and adjusted diluted earnings per share attributable to SS&C represent net income and earnings per share attributable to SS&C before amortization of intangible assets and deferred financing costs, stock-based compensation, purchase accounting adjustments and other items. We consider adjusted net income and adjusted diluted earnings per share attributable to SS&C to be important to management and investors because they represent our operational performance exclusive of the effects of amortization of intangible assets and deferred financing costs, stock-based compensation, purchase accounting adjustments, loss on extinguishment of debt and other items, that are not operational in nature or comparable to those of our competitors. Adjusted net income and adjusted diluted earnings per share are not recognized terms under GAAP. Adjusted net income and adjusted diluted earnings per share do not represent net income or diluted earnings per share, as those terms are defined under GAAP, and should not be considered as alternatives to net income or diluted earnings per share as indicators of our operating performance. Adjusted net income and adjusted diluted earnings per share attributable to SS&C as presented herein are not necessarily comparable to similarly titled measures presented by other companies. Below is a reconciliation of adjusted net income and adjusted diluted earnings per share attributable to SS&C to net income and diluted earnings per share attributable to SS&C, the GAAP measures we believe to be most directly comparable to adjusted net income and adjusted diluted earnings per share.
The above press release was provided courtesy of PRNewswire. The views, opinions and statements in the press release are not endorsed by Gray Media Group nor do they necessarily state or reflect those of Gray Media Group, Inc. | https://www.wdtv.com/prnewswire/2022/07/27/ssampc-technologies-releases-q2-2022-earnings-results/ | 2022-07-27T21:28:24Z | https://www.wdtv.com/prnewswire/2022/07/27/ssampc-technologies-releases-q2-2022-earnings-results/ | true | 11 |
GERMANTOWN, Tenn., July 27, 2022 /PRNewswire/ -- Mid-America Apartment Communities, Inc., or MAA (NYSE: MAA), today announced operating results for the quarter ended June 30, 2022.
A reconciliation of FFO and Core FFO to Net income available for MAA common shareholders, and an expanded discussion of the components of FFO and Core FFO, can be found later in this release. FFO per Share – diluted and Core FFO per Share – diluted include diluted common shares and units.
Eric Bolton, Chairman and Chief Executive Officer, said, "Leasing conditions across our Sunbelt markets remain robust as strong job growth, positive migration trends and the higher cost of single-family homeownership fuels a growing demand for apartment housing. Results for the second quarter were ahead of expectations, and we have again increased our outlook for growth in Core FFO performance for the year."
Highlights
- During the second quarter of 2022, MAA's Same Store Portfolio produced increases in property revenues, operating expenses and Net Operating Income (NOI) of 13.7%, 8.1% and 17.1%, respectively, as compared to the same period in the prior year.
- As of the end of the second quarter of 2022, MAA had five communities under development, representing 1,759 units once complete, with a projected total cost of $444.0 million and an estimated $213.6 million remaining to be funded.
- As of the end of the second quarter of 2022, MAA had four recently completed development communities in initial lease-up. Two communities are expected to stabilize in the third quarter of 2022 and two in the first quarter of 2023.
- MAA completed redevelopment of 1,844 apartment homes during the second quarter of 2022, capturing average rental rate increases of approximately 11% above non-renovated units.
- MAA closed on the disposition of two multifamily communities in the Fort Worth, Texas market for combined gross proceeds of approximately $167 million during the second quarter of 2022.
- During the second quarter of 2022, MAA closed on the acquisition of a four acre land parcel located in the Orlando, Florida market for future development expected to begin in late 2023.
- Subsequent to the end of the second quarter of 2022, MAA acquired a 196-unit multifamily community located in the Tampa, Florida market and a six acre land parcel in the Denver, Colorado market for future development expected to begin in late 2023.
- During the second quarter of 2022, Fitch Ratings upgraded MAA's long-term debt rating to A- with a Stable outlook.
- Subsequent to the end of the second quarter of 2022, MAALP amended its unsecured revolving credit facility increasing borrowing capacity to $1.25 billion with an option to expand to $2.0 billion. MAALP refers to Mid-America Apartments, L.P., which is MAA's operating partnership.
Same Store Portfolio Operating Results
To ensure comparable reporting with prior periods, the Same Store Portfolio includes properties that were owned by MAA and stabilized at the beginning of the previous year.
Same Store Portfolio results for the three and six months ended June 30, 2022 as compared to the same periods in the prior year are summarized below:
A reconciliation of NOI, including Same Store NOI, to Net income available for MAA common shareholders, and an expanded discussion of the components of NOI, can be found later in this release.
Same Store Portfolio operating statistics for the three and six months ended June 30, 2022 are summarized below:
Same Store Portfolio lease pricing for leases effective during the second quarter of 2022, as compared to the prior lease, increased 18.0% for leases to new move-in residents and increased 16.5% for renewing leases, which produced an increase of 17.2% for both new and renewing leases on a blended basis. The rent-to-resident-income relationship for new leases signed during the second quarter of 2022 remained consistent with recent trends in the range of 22%.
Same Store Portfolio lease pricing for leases effective during the six months ended June 30, 2022, as compared to the prior lease, increased 17.3% for leases to new move-in residents and increased 16.9% for renewing leases, which produced an increase of 17.1% for both new and renewing leases on a blended basis.
Additionally, through July 25, 2022, Same Store Portfolio lease pricing for leases effective during July 2022, as compared to the prior lease, increased 17.9% for leases to new move-in residents and increased 15.4% for renewing leases, which produced an increase of 16.6% for both new and renewing leases on a blended basis.
Development and Lease-up Activity
A summary of MAA's development communities under construction as of the end of the second quarter of 2022 is set forth below (dollars in thousands):
The expected average stabilized NOI yield on these communities is 5.7%. During the second quarter of 2022, MAA funded $53.9 million of costs for current and completed projects, including predevelopment activities related to land parcels located in the Denver, Colorado market, the Tampa, Florida market and the Orlando, Florida market.
A summary of the total units, cost and the average physical occupancy of MAA's lease-up communities as of the end of the second quarter of 2022 is set forth below (dollars in thousands):
Property Redevelopment and Repositioning Activity
A summary of MAA's interior redevelopment program and Smart Home technology initiative as of the end of the second quarter of 2022 is set forth below:
As of June 30, 2022, MAA had completed installation of the Smart Home technology (unit entry locks, mobile control of lights and thermostat and leak monitoring) in over 67,000 units across its apartment community portfolio since the initiative began during the first quarter of 2019.
During the second quarter of 2022, MAA continued its property repositioning program to upgrade and reposition the amenity and common areas at select apartment communities. The program includes targeted plans to move all units at the properties to higher rents that are expected to deliver yields on cost averaging 8%. During the six months ended June 30, 2022, work continued on properties selected for this program in 2021. For the six months ended June 30, 2022, MAA spent $8.0 million on this program.
Acquisition and Disposition Activity
In June 2022, MAA closed on the disposition of two multifamily communities in the Fort Worth, Texas market totaling 730 units. MAA received combined gross proceeds of approximately $167 million and recognized a combined gain on the sale of depreciable real estate assets of approximately $132 million.
During the second quarter of 2022, MAA closed on the acquisition of a four acre land parcel located in the Orlando, Florida market for approximately $12 million. MAA expects to begin multifamily development projects on four to six land parcels currently owned or under contract over the next 18 to 24 months.
In July 2022, MAA acquired a 196-unit multifamily community located in the Tampa, Florida market for approximately $73 million. At the time of acquisition, the community's physical occupancy was 89.8%. During July 2022, MAA also acquired a six acre land parcel in the Denver, Colorado market for future development.
Capital Expenditures
A summary of MAA's capital expenditures and Funds Available for Distribution (FAD) for the three and six months ended June 30, 2022 and 2021 is set forth below (dollars in millions, except per Share data):
A reconciliation of FFO, Core FFO, Core AFFO and FAD to Net income available for MAA common shareholders, and an expanded discussion of the components of FFO, Core FFO, Core AFFO and FAD can be found later in this release.
Balance Sheet and Financing Activities
As of June 30, 2022, MAA had $1.1 billion of combined cash and available capacity under MAALP's unsecured revolving credit facility.
In July 2022, MAALP amended its unsecured revolving credit facility, increasing borrowing capacity to $1.25 billion with an option to expand to $2.0 billion. The amended facility has a maturity date of October 2026 with two six-month extension options, and bears interest at an adjusted Secured Overnight Financing Rate plus a spread based on an investment ratings grid, currently at 0.775%.
Dividends and distributions paid on shares of common stock and noncontrolling interests during the second quarter of 2022 were $129.0 million, as compared to $121.5 million for the same period in the prior year.
Balance sheet highlights as of June 30, 2022 are summarized below (dollars in billions):
A reconciliation of Net Debt to Unsecured notes payable and Secured notes payable and a reconciliation of Adjusted EBITDAre to Net income, along with an expanded discussion of the components of Net Debt and Adjusted EBITDAre can be found later in this release.
114th Consecutive Quarterly Common Dividend Declared
MAA declared its 114th consecutive quarterly common dividend, which will be paid on July 29, 2022 to holders of record on July 15, 2022. The current annual dividend rate is $5.00 per common share, an increase of 15% from the immediately prior rate. The timing and amount of future dividends will depend on actual cash flows from operations, MAA's financial condition, capital requirements, the annual distribution requirements under the REIT provisions of the Internal Revenue Code of 1986 and other factors as MAA's Board of Directors deems relevant. MAA's Board of Directors may modify the dividend policy from time to time.
2022 Earnings and Same Store Portfolio Guidance
MAA is updating its prior 2022 guidance for Net income per diluted common share, Core FFO per Share and Core AFFO per Share, along with its expectations for growth of Property revenue, Property operating expense and NOI for the Same Store Portfolio in 2022. MAA expects to update its 2022 Net income per diluted common share, Core FFO per Share and Core AFFO per Share guidance on a quarterly basis.
FFO, Core FFO and Core AFFO are non-GAAP financial measures. Acquisition and disposition activity materially affects depreciation and capital gains or losses, which combined, generally represent the majority of the difference between Net income available for common shareholders and FFO. As discussed in the definitions of non-GAAP financial measures found later in this release, MAA's definition of FFO is in accordance with the National Association of Real Estate Investment Trusts', or NAREIT's, definition, and Core FFO represents FFO further adjusted for items that are not considered part of MAA's core business operations. MAA believes that Core FFO is helpful in understanding operating performance in that Core FFO excludes not only depreciation expense of real estate assets and certain other non-routine items, but it also excludes certain items that by their nature are not comparable over periods and therefore tend to obscure actual operating performance.
MAA expects Core FFO for the third quarter of 2022 to be in the range of $1.99 to $2.15 per Share, or $2.07 per Share at the midpoint. MAA does not forecast Net income per diluted common share on a quarterly basis as MAA generally cannot predict the timing of forecasted acquisition and disposition activity within a particular quarter (rather than during the course of the full year). Additional details and guidance items are provided in the Supplemental Data to this release.
Supplemental Material and Conference Call
Supplemental data to this release can be found on the "For Investors" page of the MAA website at www.maac.com. MAA will host a conference call to further discuss second quarter results on July 28, 2022, at 9:00 AM Central Time. The conference call-in number is 877-830-2598. You may also join the live webcast of the conference call by accessing the "For Investors" page of the MAA website at www.maac.com. MAA's filings with the Securities and Exchange Commission (SEC) are filed under the registrant names of Mid-America Apartment Communities, Inc. and Mid-America Apartments, L.P.
About MAA
MAA, an S&P 500 company, is a real estate investment trust (REIT) focused on delivering full-cycle and superior investment performance for shareholders through the ownership, management, acquisition, development and redevelopment of quality apartment communities primarily in the Southeast, Southwest and Mid-Atlantic regions of the United States. As of June 30, 2022, MAA had ownership interest in 101,229 apartment units, including communities currently in development, across 16 states and the District of Columbia. For further details, please visit the MAA website at www.maac.com or contact Investor Relations at investor.relations@maac.com, or via mail at MAA, 6815 Poplar Ave., Suite 500, Germantown, TN 38138, Attn: Investor Relations.
Forward-Looking Statements
Sections of this release contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, with respect to our expectations for future periods. Forward-looking statements do not discuss historical fact, but instead include statements related to expectations, projections, intentions or other items related to the future. Such forward-looking statements include, without limitation, statements regarding expected operating performance and results, property stabilizations, property acquisition and disposition activity, joint venture activity, development and renovation activity and other capital expenditures, and capital raising and financing activity, as well as lease pricing, revenue and expense growth, occupancy, interest rate and other economic expectations. Words such as "expects," "anticipates," "intends," "plans," "believes," "seeks," "estimates," "forecasts," "projects," "assumes," "will," "may," "could," "should," "budget," "target," "outlook," "proforma," "opportunity," "guidance" and variations of such words and similar expressions are intended to identify such forward-looking statements. Such forward-looking statements involve known and unknown risks, uncertainties and other factors, as described below, which may cause our actual results, performance or achievements to be materially different from the results of operations, financial conditions or plans expressed or implied by such forward-looking statements. Although we believe that the assumptions underlying the forward-looking statements contained herein are reasonable, any of the assumptions could be inaccurate, and therefore such forward-looking statements included in this release may not prove to be accurate. In light of the significant uncertainties inherent in the forward-looking statements included herein, the inclusion of such information should not be regarded as a representation by us or any other person that the results or conditions described in such statements or our objectives and plans will be achieved.
The following factors, among others, could cause our actual results, performance or achievements to differ materially from those expressed or implied in the forward-looking statements:
- the COVID-19 pandemic and measures taken or that may be taken by federal, state and local governmental authorities to combat the spread of the disease;
- inability to generate sufficient cash flows due to unfavorable economic and market conditions, changes in supply and/or demand, competition, uninsured losses, changes in tax and housing laws, or other factors;
- exposure to risks inherent in investments in a single industry and sector;
- adverse changes in real estate markets, including, but not limited to, the extent of future demand for multifamily units in our significant markets, barriers of entry into new markets which we may seek to enter in the future, limitations on our ability to increase or collect rental rates, competition, our ability to identify and consummate attractive acquisitions or development projects on favorable terms, our ability to consummate any planned dispositions in a timely manner on acceptable terms, and our ability to reinvest sale proceeds in a manner that generates favorable returns;
- failure of development communities to be completed within budget and on a timely basis, if at all, to lease-up as anticipated or to achieve anticipated results;
- unexpected capital needs;
- material changes in operating costs, including real estate taxes, utilities and insurance costs, due to inflation and other factors;
- inability to obtain appropriate insurance coverage at reasonable rates, or at all, or losses from catastrophes in excess of our insurance coverage;
- ability to obtain financing at favorable rates, if at all, or refinance existing debt as it matures;
- level and volatility of interest or capitalization rates or capital market conditions;
- the effect of any rating agency actions on the cost and availability of new debt financing;
- significant change in the mortgage financing market or other factors that would cause single-family housing or other alternative housing options, either as an owned or rental product, to become a more significant competitive product;
- ability to continue to satisfy complex rules in order to maintain our status as a REIT for federal income tax purposes, the ability of MAALP to satisfy the rules to maintain its status as a partnership for federal income tax purposes, the ability of our taxable REIT subsidiaries to maintain their status as such for federal income tax purposes, and our ability and the ability of our subsidiaries to operate effectively within the limitations imposed by these rules;
- inability to attract and retain qualified personnel;
- cyber liability or potential liability for breaches of our or our service providers' information technology systems, or business operations disruptions;
- potential liability for environmental contamination;
- changes in the legal requirements we are subject to, or the imposition of new legal requirements, that adversely affect our operations;
- extreme weather, natural disasters, disease outbreaks and other public health events;
- impact of climate change on our properties or operations;
- legal proceedings or class action lawsuits;
- impact of reputational harm caused by negative press or social media postings of our actions or policies, whether or not warranted;
- compliance costs associated with numerous federal, state and local laws and regulations; and
- other risks identified in this release and in reports we file with the SEC or in other documents that we publicly disseminate.
New factors may also emerge from time to time that could have a material adverse effect on our business. Except as required by law, we undertake no obligation to publicly update or revise forward-looking statements contained in this release to reflect events, circumstances or changes in expectations after the date of this release.
NON-GAAP FINANCIAL MEASURES
Adjusted EBITDAre
For purposes of calculations in this release, Adjusted Earnings Before Interest, Income Taxes, Depreciation and Amortization for real estate, or Adjusted EBITDAre, represents EBITDAre further adjusted for items that are not considered part of MAA's core operations such as adjustments related to the fair value of the embedded derivative in the MAA Series I preferred shares, gain or loss on sale of non-depreciable assets, gain or loss on investments, net casualty gain or loss, gain or loss on debt extinguishment, legal costs and settlements, net, COVID-19 related costs and mark-to-market debt adjustments. As an owner and operator of real estate, MAA considers Adjusted EBITDAre to be an important measure of performance from core operations because Adjusted EBITDAre does not include various income and expense items that are not indicative of operating performance. MAA's computation of Adjusted EBITDAre may differ from the methodology utilized by other companies to calculate Adjusted EBITDAre. Adjusted EBITDAre should not be considered as an alternative to Net income as an indicator of operating performance.
Core Adjusted Funds from Operations (Core AFFO)
Core AFFO is composed of Core FFO less recurring capital expenditures. Core AFFO should not be considered as an alternative to Net income available for MAA common shareholders as an indicator of operating performance. As an owner and operator of real estate, MAA considers Core AFFO to be an important measure of performance from operations because Core AFFO measures the ability to control revenues, expenses and recurring capital expenditures.
Core Funds from Operations (Core FFO)
Core FFO represents FFO as adjusted for items that are not considered part of MAA's core business operations such as adjustments related to the fair value of the embedded derivative in the MAA Series I preferred shares, gain or loss on sale of non-depreciable assets, gain or loss on investments, net casualty gain or loss, gain or loss on debt extinguishment, legal costs and settlements, net, COVID-19 related costs and mark-to-market debt adjustments. While MAA's definition of Core FFO may be similar to others in the industry, MAA's methodology for calculating Core FFO may differ from that utilized by other REITs and, accordingly, may not be comparable to such other REITs. Core FFO should not be considered as an alternative to Net income available for MAA common shareholders as an indicator of operating performance. MAA believes that Core FFO is helpful in understanding its core operating performance between periods in that it removes certain items that by their nature are not comparable over periods and therefore tend to obscure actual operating performance.
EBITDA
For purposes of calculations in this release, Earnings Before Interest, Income Taxes, Depreciation and Amortization, or EBITDA, is composed of net income plus depreciation and amortization, interest expense, and income taxes. As an owner and operator of real estate, MAA considers EBITDA to be an important measure of performance from core operations because EBITDA does not include various expense items that are not indicative of operating performance. EBITDA should not be considered as an alternative to Net income as an indicator of operating performance.
EBITDAre
For purposes of calculations in this release, Earnings Before Interest, Income Taxes, Depreciation and Amortization for real estate, or EBITDAre, is composed of EBITDA further adjusted for the gain or loss on sale of depreciable asset sales and plus adjustments to reflect MAA's share of EBITDAre of unconsolidated affiliates. As an owner and operator of real estate, MAA considers EBITDAre to be an important measure of performance from core operations because EBITDAre does not include various expense items that are not indicative of operating performance. While MAA's definition of EBITDAre is in accordance with NAREIT's definition, it may differ from the methodology utilized by other companies to calculate EBITDAre. EBITDAre should not be considered as an alternative to Net income as an indicator of operating performance.
Funds Available for Distribution (FAD)
FAD is composed of Core FFO less total capital expenditures, excluding development spending, property acquisitions and capital expenditures relating to significant casualty losses that management expects to be reimbursed by insurance proceeds. FAD should not be considered as an alternative to Net income available for MAA common shareholders as an indicator of operating performance. As an owner and operator of real estate, MAA considers FAD to be an important measure of performance from core operations because FAD measures the ability to control revenues, expenses and total capital expenditures.
Funds From Operations (FFO)
FFO represents net income available for MAA common shareholders (calculated in accordance with GAAP) excluding gain or loss on disposition of operating properties and asset impairment, plus depreciation and amortization of real estate assets, net income attributable to noncontrolling interests, and adjustments for joint ventures. Because net income attributable to noncontrolling interests is added back, FFO, when used in this document, represents FFO attributable to the Company. While MAA's definition of FFO is in accordance with NAREIT's definition, it may differ from the methodology for calculating FFO utilized by other companies and, accordingly, may not be comparable to such other companies. FFO should not be considered as an alternative to Net income available for MAA common shareholders as an indicator of operating performance. MAA believes that FFO is helpful in understanding operating performance in that FFO excludes depreciation and amortization of real estate assets. MAA believes that GAAP historical cost depreciation of real estate assets is generally not correlated with changes in the value of those assets, whose value does not diminish predictably over time, as historical cost depreciation implies.
Gross Assets
Gross Assets represents Total assets plus Accumulated depreciation. MAA believes that Gross Assets can be used as a helpful tool in evaluating its balance sheet positions. MAA believes that GAAP historical cost depreciation of real estate assets is generally not correlated with changes in the value of those assets, whose value does not diminish predictably over time, as historical cost depreciation implies.
Gross Real Estate Assets
Gross Real Estate Assets represents Real estate assets, net plus Accumulated depreciation, Cash and cash equivalents and 1031(b) exchange proceeds included in Restricted cash. MAA believes that Gross Real Estate Assets can be used as a helpful tool in evaluating its balance sheet positions. MAA believes that GAAP historical cost depreciation of real estate assets is generally not correlated with changes in the value of those assets, whose value does not diminish predictably over time, as historical cost depreciation implies.
Net Debt
Net Debt represents Unsecured notes payable and Secured notes payable less Cash and cash equivalents and 1031(b) exchange proceeds included in Restricted cash. MAA believes Net Debt is a helpful tool in evaluating its debt position.
Net Operating Income (NOI)
Net Operating Income represents Rental and other property revenues less Total property operating expenses, excluding depreciation and amortization, for all properties held during the period, regardless of their status as held for sale. NOI should not be considered as an alternative to Net income available for MAA common shareholders. MAA believes NOI is a helpful tool in evaluating operating performance because it measures the core operations of property performance by excluding corporate level expenses and other items not related to property operating performance.
Non-Same Store and Other NOI
Non-Same Store and Other NOI represents Rental and other property revenues less Total property operating expenses, excluding depreciation and amortization, for all properties classified within the Non-Same Store and Other Portfolio during the period. Non-Same Store and Other NOI should not be considered as an alternative to Net income available for MAA common shareholders. MAA believes Non-Same Store and Other NOI is a helpful tool in evaluating operating performance because it measures the core operations of property performance by excluding corporate level expenses and other items not related to property operating performance.
Same Store NOI
Same Store NOI represents Rental and other property revenues less Total property operating expenses, excluding depreciation and amortization, for all properties classified within the Same Store Portfolio during the period. Same Store NOI should not be considered as an alternative to Net income available for MAA common shareholders. MAA believes Same Store NOI is a helpful tool in evaluating operating performance because it measures the core operations of property performance by excluding corporate level expenses and other items not related to property operating performance.
OTHER KEY DEFINITIONS
Average Effective Rent per Unit
Average Effective Rent per Unit represents the average of gross rent amounts after the effect of leasing concessions for occupied units plus prevalent market rates asked for unoccupied units, divided by the total number of units. Leasing concessions represent discounts to the current market rate. MAA believes average effective rent is a helpful measurement in evaluating average pricing. It does not represent actual rental revenue collected per unit.
Average Physical Occupancy
Average Physical Occupancy represents the average of the daily physical occupancy for an applicable period.
Development Communities
Communities remain identified as development until certificates of occupancy are obtained for all units under development. Once all units are delivered and available for occupancy, the community moves into the Lease-up Communities portfolio.
Lease-up Communities
New acquisitions acquired during lease-up and newly developed communities remain in the Lease-up Communities portfolio until stabilized. Communities are considered stabilized when achieving 90% average physical occupancy for 90 days.
Non-Same Store and Other Portfolio
Non-Same Store and Other Portfolio includes recently acquired communities, communities in development or lease-up, communities that have been disposed of or identified for disposition, communities that have experienced a significant casualty loss, stabilized communities that do not meet the requirements defined by the Same Store Portfolio, retail properties and commercial properties.
Resident Turnover
Resident turnover represents resident move outs excluding transfers within the Same Store Portfolio as a percentage of expiring leases on a rolling twelve month basis as of the end of the reported quarter.
Same Store Portfolio
MAA reviews its Same Store Portfolio at the beginning of each calendar year, or as significant transactions or events warrant. Communities are generally added into the Same Store Portfolio if they were owned and stabilized at the beginning of the previous year. Communities are considered stabilized when achieving 90% average physical occupancy for 90 days. Communities that have been approved by MAA's Board of Directors for disposition are excluded from the Same Store Portfolio. Communities that have experienced a significant casualty loss are also excluded from the Same Store Portfolio.
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SOURCE MAA | https://www.wlox.com/prnewswire/2022/07/27/maa-reports-second-quarter-2022-results/ | 2022-07-27T21:29:06Z | https://www.wlox.com/prnewswire/2022/07/27/maa-reports-second-quarter-2022-results/ | true | 12 |
TORONTO, July 27, 2022 /PRNewswire/ - Spin Master Corp. ("Spin Master" or the "Company") (TSX: TOY) (www.spinmaster.com), a leading global children's entertainment company, today announced its financial results for the three and six months ended June 30, 2022. The Company's full Management's Discussion and Analysis ("MD&A") for the three and six months ended June 30, 2022 is available under the Company's profile on SEDAR (www.sedar.com) and posted on the Company's web site at www.spinmaster.com/financial-info.php. All financial information is presented in United States dollars ("$", "dollars" and "US$") and has been rounded to the nearest hundred thousand, except per share amounts and where otherwise indicated.
"We are very pleased with our strong revenue growth this quarter across all three creative centres amidst a shifting macroeconomic environment," said Max Rangel, Spin Master's Global President & CEO. "Our Toy business continued to grow ahead of the industry with the strong performance of our diversified toy portfolio including innovative IP, evergreen franchise brands and popular licensed partnerships. Looking to the balance of the year, we remain confident in our ability to execute on our strategy of reimagining everyday play for children globally, powered by our deep expertise across toys, entertainment and digital games. We believe we are well positioned to manage through external market dynamics to deliver profitable growth and long-term shareholder value, while continuing to invest in growth initiatives."
"In the second quarter, we maintained our momentum in revenue growth and delivered record margins and profitability," said Mark Segal, Spin Master's Chief Financial Officer. " We are committed to our financial framework for value creation, underpinned by our formula for innovation and disciplined global growth across all of our creative centres. Given our strong financial position and operational outlook, we are pleased to introduce our first-ever quarterly dividend. We continue to remain focused on increasing opportunities to leverage our diverse and global platform for organic growth and accretive acquisitions."
- Revenue was $506.3 million, an increase of 29.6% from $390.8 million primarily due to an increase in Toy revenue of 34.1%. Digital Games revenue increased by 9.2% and Entertainment revenue increased by 3.3%. Constant Currency Revenue1 was $514.7 million, up from $390.8 million, an increase of 31.7%
- Operating Income was $118.2 million compared to $46.9 million.
- Operating Margin2 was 23.3% compared to 12.0%.
- Adjusted Operating Income1 was $97.6 million compared to $57.7 million.
- Adjusted Operating Margin1 was 19.3% compared to 14.8%.
- Adjusted EBITDA1 was $113.7 million compared to $81.8 million.
- Adjusted EBITDA Margin1 was 22.5% compared to 20.9%.
- Cash provided by operating activities was $111.6 million compared to $94.2 million.
- Free Cash Flow1 was $84.1 million compared to $69.0 million.
- Unutilized liquidity of approximately $1,068 million, comprised of $558 million in cash and cash equivalents and $510 million under the Company's credit facilities.
- Strong capital position and operational outlook led to the declaration of a quarterly dividend in respect of the third quarter of 2022.
- Revenue was $930.5 million, an increase of 31.5% from $707.4 million driven by growth in Toy revenue of 35.5% and Digital Games revenue of 28.7%, offset by a decrease in Entertainment revenue of 7.0%. Constant Currency Revenue1 increased by 33.5%2 to $944.3 million from $707.4 million.
- Operating Income was $179.9 million compared to $53.6 million.
- Operating Margin was 19.3% compared to 7.6%.
- Adjusted Operating Income1 was $174.9 million compared to $71.3 million.
- Adjusted Operating Margin1 was 18.8% compared to 10.1%.
- Adjusted EBITDA1 was $209.4 million compared to $118.5 million.
- Adjusted EBITDA Margin1 was 22.5% compared to 16.8%.
- Cash provided by operating activities was $48.7 million compared to $103.2 million.
- Free Cash Flow1 was $4.7 million compared to $62.5 million.
Toys Segment Results
The following table provides a summary of Toys segment operating results, for the three months ended June 30, 2022 and 2021:
- Toy revenue increased by $111.2 million or 34.1% to $437.6 million driven by growth in Preschool and Dolls & Interactive, Wheels & Action, Activities, Games & Puzzles and Plush, offset by a decline in Outdoor.
- Toy Gross Product Sales increased by $125.4 million or 34.9%, to $484.4 million from $359.0 million. Constant Currency Toy Gross Product Sales1 increased by $131.2 million or 36.5%2 to $490.2 million, up from $359.0 million. The improvement was driven by an increase in shipments in the second quarter compared to the prior year as a result of customers ordering earlier, as well as strong customer demand.
- Operating Margin was 14.3% compared to 8.7%.
- Adjusted EBITDA Margin1 was 19.0% compared to 14.5%.
- The improvement in Operating Margin and Adjusted EBITDA Margin1 was driven by improved gross margin from favourable changes in product mix and price increases, as well as lower administrative and distribution expenses as a percentage of revenue, offset in part by inflation on product costs and ocean freight.
Entertainment Segment Results
The following table provides a summary of Entertainment segment operating results, for the three months ended June 30, 2022 and 2021:
- Entertainment revenue increased by $0.9 million or 3.3% to $28.4 million, from higher distribution revenue related to the PAW Patrol series.
- Operating Margin was 61.6% compared to 45.5%.
- Adjusted Operating Margin1 was 63.4% compared to 45.8%.
- The improvement in Operating Margin and Adjusted Operating Margin1 was driven primarily by fewer Entertainment content deliveries in the current period, which resulted in lower amortization expense.
Digital Games Segment Results
The following table provides a summary of Digital Games segment operating results, for the three months ended June 30, 2022 and 2021:
- Digital Games revenue increased by $3.4 million or 9.2% to $40.3 million due to higher in-app purchases in Toca Life World. Constant Currency Digital Games Revenue1 increased by $6.1 million or 16.5% to $43.0 million, up from $36.9 million.
- Operating Margin was 20.8% compared to 34.7%.
- Adjusted Operating Margin1 was 24.8% compared to 37.1%, due to higher product development and personnel costs related to the investment in future products, as well as higher marketing costs to acquire users, partially offset by higher revenue from in-app purchases in Toca Life World.
The Company continues to expect 2022 Toy Gross Product Sales, in constant currency1, to increase low double digits compared to 2021, consistent with prior guidance on May 4, 2022.
The Company continues to expect 2022 Revenue, in constant currency1, to increase low double digits compared to 2021 Revenue, excluding PAW Patrol: The Movie Distribution Revenue1 of $26.0 million, consistent with prior guidance on May 4, 2022.
The Company continues to expect 2022 Adjusted EBITDA Margin1 to be in line with 2021 Adjusted EBITDA Margin, excluding PAW Patrol: The Movie Distribution Revenue1 of $26.0 million, consistent with prior guidance on May 4, 2022.
The Company's Board of Directors has authorized and declared a quarterly dividend of C$0.06 per outstanding subordinate voting share and multiple voting share of Spin Master in respect of the third quarter of 2022. The dividend will be paid on October 14, 2022 to shareholders of record at the close of business on September 30, 2022. This dividend is designated to be an eligible dividend for purposes of section 89(1) of the Income Tax Act (Canada).
Certain statements, other than statements of historical fact, contained in this Press Release constitute "forward-looking information" within the meaning of certain securities laws, including the Securities Act (Ontario), and are based on expectations, estimates and projections as of the date on which the statements are made in this Press Release. The words "plans", "expects", "projected", "estimated", "forecasts", "anticipates", "indicative", "intend", "guidance", "outlook", "potential", "prospects", "seek", "strategy", "targets" or "believes", or variations of such words and phrases or statements that certain future conditions, actions, events or results "will", "may", "could", "would", "should", "might" or "can", or negative versions thereof, "be taken", "occur", "continue" or "be achieved", and other similar expressions, identify statements containing forward-looking information. Statements of forward-looking information in this Press Release include, without limitation, statements with respect to: the Company's outlook for 2022; future growth expectations in 2022 and beyond; the Company's dividend policy; drivers and trends for such growth and financial performance; the successful execution of its strategies for growth; financial position, cash flows and financial performance; and the creation of long term shareholder value.
Forward-looking statements are necessarily based upon management's perceptions of historical trends, current conditions and expected future developments, as well as a number of specific factors and assumptions that, while considered reasonable by management as of the date on which the statements are made in this Press Release, are inherently subject to significant business, economic and competitive uncertainties and contingencies which could result in the forward-looking statements ultimately being incorrect. In addition to any factors and assumptions set forth above in this Press Release, the material factors and assumptions used to develop the forward-looking information include, but are not limited to: the Company's dividend payments being subject to the discretion of the Board of Directors and dependent on a variety of factors and conditions existing from time to time; seasonality; ability of factories to manufacture products, including labour size and allocation, tooling, raw material and component availability, ability to shift between product mix, and customer acceptance of delayed delivery dates; the steps taken will create long term shareholder value; the expanded use of advanced technology, robotics and innovation the Company applies to its products will have a level of success consistent with its past experiences; the Company will continue to successfully secure broader licenses from third parties for major entertainment properties consistent with past practices; the expansion of sales and marketing offices in new markets will increase the sales of products in that territory; the Company will be able to successfully identify and integrate strategic acquisition and minority investment opportunities; the Company will be able to maintain its distribution capabilities; the Company will be able to leverage its global platform to grow sales from acquired brands; the Company will be able to recognize and capitalize on opportunities earlier than its competitors; the Company will be able to continue to build and maintain strong, collaborative relationships; the Company will maintain its status as a preferred collaborator; the culture and business structure of the Company will support its growth; the current business strategies of the Company will continue to be desirable on an international platform; the Company will be able to expand its portfolio of owned branded intellectual property and successfully license it to third parties; use of advanced technology and robotics in the Company's products will expand; access of entertainment content on mobile platforms will expand; fragmentation of the market will continue to create acquisition opportunities; the Company will be able to maintain its relationships with its employees, suppliers, retailers and license partners; the Company will continue to attract qualified personnel to support its development requirements; and the Company's key personnel will continue to be involved in the Company products and entertainment properties will be launched as scheduled and that the risk factors noted in this Press Release, collectively, do not have a material impact on the Company.
By its nature, forward-looking information is subject to inherent risks and uncertainties that may be general or specific and which give rise to the possibility that expectations, forecasts, predictions, projections or conclusions will not prove to be accurate, that assumptions may not be correct and that objectives, strategic goals and priorities will not be achieved. Known and unknown risk factors, many of which are beyond the control of the Company, could cause actual results to differ materially from the forward-looking information in this Press Release. Such risks and uncertainties include, without limitation, the magnitude and length of economic disruption as a result of the COVID-19 pandemic; and the factors discussed in the Company's disclosure materials, including the Annual or subsequent, most recent interim MD&A and the Company's most recent Annual Information Form, filed with the securities regulatory authorities in Canada and available under the Company's profile on SEDAR (www.sedar.com). These risk factors are not intended to represent a complete list of the factors that could affect the Company and investors are cautioned to consider these and other factors, uncertainties and potential events carefully and not to put undue reliance on forward-looking statements.
There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Forward-looking statements are provided for the purpose of providing information about management's expectations and plans relating to the future. The Company disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, or to explain any material difference between subsequent actual events and such forward-looking statements, except to the extent required by applicable law.
Max Rangel, Global President and Chief Executive Officer and Mark Segal, Chief Financial Officer will host a conference call to discuss the financial results on Thursday, July 28, 2022, at 9:30 a.m. (ET).
The call-in numbers for participants are (647) 792-1240 or (800) 437-2398. A live webcast of the call will be accessible via Spin Master's website at: http://www.spinmaster.com/events.php. Following the call, both an audio recording and transcript of the call will be archived on the same website page.
Spin Master Corp. (TSX:TOY) is a leading global children's entertainment company, creating exceptional play experiences through it's three creative centres: Toys, Entertainment and Digital Games. With distribution in over 100 countries, Spin Master is best known for award-winning brands PAW Patrol®, Bakugan®, Kinetic Sand®, Air Hogs®, Hatchimals®, Rubik's Cube® and GUND®, and is the global toy licensee for other popular properties. Spin Master Entertainment creates and produces compelling multiplatform content, through its in-house studio and partnerships with outside creators, including the preschool franchise PAW Patrol and numerous other original shows, short-form series and feature films. The Company has an established presence in digital games, anchored by the Toca Boca® and Sago Mini® brands, offering open-ended and creative game and educational play in digital environments. Through Spin Master Ventures, the Company makes minority investments globally in emerging companies and start-ups. With over 30 offices in close to 20 countries, Spin Master employs more than 2,000 team members globally. For more information visit spinmaster.com or follow-on Instagram, Facebook and Twitter @spinmaster.
For further information
Sophia Bisoukis
Vice President, Investor Relations
sophiab@spinmaster.com
Spin Master Corp.
Condensed consolidated interim statements of financial position
Spin Master Corp.
Condensed consolidated interim statements of earnings and comprehensive income
Spin Master Corp.
Condensed consolidated interim statements of cash flows
In addition to using financial measures prescribed under IFRS, references are made in this Press Release to the following terms, each of which is a non-GAAP financial measure:
- Toy Gross Product Sales
- Constant Currency Toy Gross Product Sales
- Constant Currency Digital Games Revenue
- Constant Currency Revenue
- Adjusted EBITDA
- Adjusted Operating Income (Loss)
- Adjusted Net Income (Loss)
- Free Cash Flow
- Revenue, excluding PAW Patrol: The Movie Distribution Revenue
- Adjusted EBITDA, excluding PAW Patrol: The Movie Distribution Revenue
Non-GAAP financial measures do not have any standardized meaning prescribed by IFRS and therefore may not be comparable to similar measures presented by other issuers.
Additionally, references are made in this Press Release to the following terms, each of which is a non-GAAP financial ratio:
- Sales Allowance as a percentage of Toy Gross Product Sales
- Percentage change in Constant Currency Toy Gross Product Sales
- Percentage change in Constant Currency Digital Games Revenue
- Percentage change in Constant Currency Revenue
- Adjusted EBITDA Margin
- Adjusted Operating Margin
- Adjusted Basic EPS
- Adjusted Diluted EPS
- Adjusted EBITDA Margin, excluding PAW Patrol: The Movie Distribution Revenue
Non-GAAP financial ratios are ratios or percentages that are calculated using a Non-GAAP financial measure. Non-GAAP financial ratios do not have any standardized meaning prescribed by IFRS and therefore may not be comparable to similar measures presented by other issuers.
Management believes the Non-GAAP financial measures and Non-GAAP financial ratios defined above are important supplemental measures of operating performance and highlight trends in the business. Management believes that these measures allow for assessment of the Company's operating performance and financial condition on a basis that is consistent and comparable between reporting periods. The Company believes that investors, lenders, securities analysts and other interested parties frequently use these Non-GAAP financial measures and Non-GAAP financial ratios in the evaluation of issuers.
Non-GAAP Financial Measures
Toy Gross Product Sales represent Toy revenues, excluding the impact of Sales Allowances. As Sales Allowances are generally not associated with individual products, the Company uses Toy Gross Product Sales to provide meaningful comparisons across product category and geographical results to highlight trends in Spin Master's business. For a reconciliation of Toy Gross Product Sales to Revenue, the closest IFRS measure, refer to the revenue tables for the three months and year ended June 30, 2022 as compared to the same period in 2021 in this Press Release.
Constant Currency Toy Gross Product Sales, Constant Currency Digital Games Revenue and Constant Currency Revenue represent Toy Gross Product Sales, Digital Games revenue and Revenue presented excluding the impact from changes in foreign currency exchange rates, respectively. The current period and prior period results for entities reporting in currencies other than the US dollar are translated using consistent exchange rates, rather than using the actual exchange rate in effect during the respective periods. The difference between the current period and prior period results using the consistent exchange rates reflects the changes in the underlying performance results, excluding the impact from fluctuations in foreign currency exchange rates. Management uses Constant Currency Toy Gross Product Sales, Constant Currency Digital Games Revenue and Constant Currency Revenue to measure the underlying financial performance of the business on a consistent basis over time. Refer to the "Reconciliation of Non-GAAP Financial Measures" section for a reconciliation of these metrics to Revenue, the closest IFRS measure.
Adjusted EBITDA is calculated as Net Income (Loss) before finance costs, income tax expense (recovery) and depreciation and amortization (EBITDA) excluding adjustments that do not necessarily reflect the Company's underlying financial performance. These adjustments include restructuring and other related costs, foreign exchange gains or losses, share based compensation expenses, acquisition related contingent consideration, impairment of intangible assets, impairment of goodwill, investment distribution income, loss on Minority interest and other investments, acquisition related deferred incentive compensation, net unrealized gain on investment, impairment of property, plant and equipment, legal settlement, transaction costs, gain on disposal of asset and bad debt recovery. Adjusted EBITDA is used by management as a measure of the Company's profitability. Refer to the "Reconciliation of Non-GAAP Financial Measures" section below for a reconciliation of this metric to Operating Income (Loss), the closest IFRS measure.
Adjusted Operating Income (Loss) is calculated as Operating Income (Loss) excluding adjustments (as defined in Adjusted EBITDA). Adjusted Operating Income (Loss) is used by management as a measure of the Company's profitability. Refer to the "Reconciliation of Non-GAAP Financial Measures" section below for a reconciliation of this metric to Operating Income (Loss), the closest IFRS measure.
Adjusted Net Income (Loss) is calculated as Net Income excluding adjustments (as defined in Adjusted EBITDA), the corresponding impact these items have on income tax expense. Management uses Adjusted Net Income (Loss) to measure the underlying financial performance of the business on a consistent basis over time. Refer to the "Reconciliation of Non-GAAP Financial Measures" section below for a reconciliation of this metric to Operating Income (Loss), the closest IFRS measure.
Free Cash Flow is calculated as cash flows provided by/used in operating activities reduced by cash flows used in investing activities and adding back cash used for business acquisitions and investment in limited partnership and Minority interest and other investments, net of investment distribution income. Management uses the Free Cash Flow metric to analyze the cash flows being generated by the Company's business. In the third quarter of 2021, the calculation of this metric was revised to include the impact of investment distribution income as Management believes this composition to be relevant to investors, lenders, securities analysts and other interested parties of the Company. Refer to the "Reconciliation of Non-GAAP Financial Measures" section for a reconciliation of this metric to Cash flow from operating activities, the closest IFRS measure.
Revenue, excluding PAW Patrol: The Movie Distribution Revenue is calculated as revenue excluding distribution revenue of $26.0 million related to PAW Patrol: The Movie recognized in 2021. Revenue, excluding PAW Patrol: The Movie Distribution Revenue is used to measure the underlying financial performance of the business on a consistent basis over time. Refer to the "Reconciliation of Non-GAAP Financial Measures" section for a reconciliation of this metric to Revenue, the closest IFRS measure.
Adjusted EBITDA, excluding PAW Patrol: The Movie Distribution Revenue is calculated as Adjusted EBITDA excluding distribution revenue of $26.0 million related to PAW Patrol: The Movie recognized in 2021. Adjusted EBITDA, excluding PAW Patrol: The Movie Distribution Revenue is used by management as a measure of the Company's profitability on a consistent basis over time. Refer to the "Reconciliation of Non-GAAP Financial Measures" section below for a reconciliation of this metric to Net Income, the closest IFRS measure.
Non-GAAP Financial Ratios
Sales Allowance as a percentage of Toy Gross Product Sales is calculated by dividing Sales Allowance by Toy Gross Product Sales. Management uses Sales Allowance as percentage of Toy Gross Product Sales to identify and compare the cost of doing business with individual retailers, different geographic markets and amongst various distribution channels.
Percentage change in Constant Currency Toy Gross Product Sales is calculated by dividing the change in Toy Gross Product Sales excluding the impact from changes in foreign currency exchange rates by the Toy Gross Product Sales of the comparative period. Management uses Percentage change in Constant Currency Toy Gross Product Sales to measure the underlying financial performance of the business on a consistent basis over time excluding the impact from changes in foreign currency exchange rates.
Percentage change in Constant Currency Digital Games Revenue is calculated by dividing the change in Digital Games revenue excluding the impact from changes in foreign currency exchange rates by the Digital Games revenue of the comparative period. Management uses Percentage change in Constant Currency Digital Games Revenue to measure the underlying financial performance of the business on a consistent basis over time excluding the impact from changes in foreign currency exchange rates.
Percentage change in Constant Currency Revenue is calculated by dividing the change in Revenue excluding the impact from changes in foreign currency exchange rates by the Revenue of the comparative period. Management uses Percentage change in Constant Currency Revenue to measure the underlying financial performance of the business on a consistent basis over time excluding the impact from changes in foreign currency exchange rates.
Adjusted EBITDA Margin is calculated as Adjusted EBITDA divided by Revenue. Management uses Adjusted EBITDA Margin to evaluate the Company's performance compared to internal targets and to benchmark its performance against key competitors.
Adjusted Operating Margin is calculated as Adjusted Operating Income (Loss) divided by Revenue. Management uses Adjusted Operating Margin to evaluate the Company's performance compared to internal targets and to benchmark its performance against key competitors.
Adjusted Basic EPS is calculated by dividing Adjusted Net Income by the weighted average number of shares outstanding during the period. Adjusted Diluted EPS is calculated by dividing Adjusted Net Income (Loss) by the weighted average number of common shares outstanding, assuming the conversion of all dilutive securities were exercised during the period. Management uses Adjusted Basic EPS and Adjusted Diluted EPS to measure the underlying financial performance of the business on a consistent basis over time.
Adjusted EBITDA Margin, excluding PAW Patrol: The Movie Distribution Revenue is calculated as Adjusted EBITDA excluding PAW Patrol: The Movie Distribution Revenue divided by Revenue, excluding PAW Patrol: The Movie Distribution Revenue. Management uses Adjusted EBITDA Margin excluding PAW Patrol: The Movie Distribution Revenue to evaluate the Company's performance compared to internal targets and to benchmark its performance against key competitors on a consistent basis over time.
The following table presents a reconciliation of Operating Income to Adjusted Operating Income, Adjusted EBITDA and Adjusted Net Income, and cash from operating activities to Free Cash Flow for the three months ended June 30, 2022 and 2021:
The following table presents a reconciliation of Operating Income to Adjusted Operating Income and Adjusted Net Income, and cash from operating activities to Free Cash Flow for the six months ended June 30, 2022 and 2021:
The following tables present reconciliations of Revenue to Constant Currency Toy Gross Product Sales, Revenue to Constant Currency Digital Games revenue and Revenue to Constant Currency Revenue for the three and six months ended June 30, 2022, and 2021:
The following tables present the composition of Percentage change in Constant Currency Toy Gross Product Sales, Percentage change in Constant Currency Digital Games Revenue and Percentage change in Constant Currency Revenue for the three and six months ended June 30, 2022, and 2021:
Segment Results
The Company's results from operations by reportable segment for the three months ended June 30, 2022 and 2021 are as follows:
Effective January 1, 2022, the Company revised its reportable operating segments to align with its current business structure and how the Company's new CODM reviews operations and makes decisions. The following table presents 2021 segments in the same format that the Company presents its operating segments in 2022.
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SOURCE Spin Master Corp. | https://www.kolotv.com/prnewswire/2022/07/27/spin-master-reports-q2-2022-financial-results-announces-dividend/ | 2022-07-27T21:29:07Z | https://www.kolotv.com/prnewswire/2022/07/27/spin-master-reports-q2-2022-financial-results-announces-dividend/ | true | 14 |
Xtreme Drilling Corp. (TSE:XDC – Get Rating) shares passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$0.00 and traded as high as C$1.99. Xtreme Drilling shares last traded at C$1.90, with a volume of 24,700 shares.
Xtreme Drilling Price Performance
The company has a debt-to-equity ratio of 11.91, a current ratio of 1.23 and a quick ratio of 0.73. The stock has a fifty day moving average price of C$1.90. The company has a market cap of C$142.47 million and a price-to-earnings ratio of -2.18.
About Xtreme Drilling
Xtreme Drilling Corp., together with its subsidiaries, provides onshore drilling services in the United States. It designs, assembles, and operates a fleet of onshore drilling rigs that features proprietary technology, including modular transportation systems and continuous integration of in-house advances in methodologies.
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KANSAS CITY, Mo. (AP) — Janson Junk pitched five-plus innings of four-hit ball for the Angels on Wednesday, earning his first major league win and watching the Los Angeles bullpen shut down the Kansas City Royals the rest of the way in a 4-0 victory.
Shohei Ohtani reached base three times and drove in a run, pacing a scuffling Angels offense that managed to capitalize on the Royals' shoddy fielding and get their first series win since June 27-29 against the White Sox.
Summoned from Triple-A Salt Lake to make the start, the 26-year-old Junk (1-0) allowed four hits and a walk while striking out eight before turning over a 2-0 lead to his bullpen, which did not allow a run for the second consecutive day.
Brad Keller (5-11) allowed three runs on six hits and three walks in six innings for Kansas City. He retired the first nine batters he faced and didn't allow a hit until the fifth, when Kurt Suzuki led off with a double to left field that Andrew Benintendi didn't field cleanly enough to hold Suzuki to one bag.
One out later, Phil Gosselin drove a pitch to right that MJ Melendez — a catcher by trade who was making his eighth career start in the outfield — couldn't snare while crashing into the wall. Gosselin cruised into third with a run-scoring triple while Melendez, whose face smacked the metal fencing, needed a moment to recover before staying in the game.
Brandon Marsh proceeded to drive in Gosselin for a 2-0 lead.
Gosselin had a chance to do more damage in the sixth, when Jared Walsh and Suzuki hit one-out singles and Magneuris Sierra walked to load the bases. Instead, Gosselin grounded to shortstop for an inning-ending double play.
It didn't matter. The Royals never came close to solving Junk or the Los Angeles bullpen all afternoon.
TROUT'S PROGNOSIS
Angels OF Mike Trout will go at least another week without baseball activity because of his ailing back, trainer Mike Frostad said, and there’s a chance the three-time AL MVP could need to manage it the rest of his career. Trout left a game against Houston on July 12 with what was called back spasms, then went on the injured list a week later with rib case inflammation. He had a cortisone injection last week for what has since been determined to be a rare spinal dysfunction.
ROSTER MOVES
Angels: RHP Austin Warren was optioned to Salt Lake to make room for Junk on the roster.
Royals: LHP Angel Zerpa went on the IL after hurting his right knee while fielding a grounder down the first-base line in his start Tuesday night. RHP Jackson Kowar was recalled from Triple-A Omaha to replace him.
TRAINER'S ROOM
Angels: OF Jo Adell got the day off after getting hit in the arm by a pitch Tuesday night.
Royals: SS Bobby Witt Jr. (hamstring) missed his third straight game, though manager Mike Matheny said he's still hopeful of avoiding an IL trip. ... 1B Vinnie Pasquantino was out of the lineup with right thumb discomfort.
UP NEXT
Angels: Head home for a four-game series against Texas with RHP Shohei Ohtani (9-5, 2.80 ERA) starting Thursday night's opener.
Royals: Embark on a seven-game trip with RHP Brady Singer (4-3, 3.82) on the mound for the first of four games against the Yankees on Thursday night.
___
More AP MLB: https://apnews.com/hub/mlb and https://twitter.com/AP_Sports | https://www.lmtonline.com/sports/article/Junk-shuts-down-Royals-Angels-cruise-4-0-to-take-17333324.php | 2022-07-27T21:33:06Z | https://www.lmtonline.com/sports/article/Junk-shuts-down-Royals-Angels-cruise-4-0-to-take-17333324.php | true | 15 |
DALLAS (AP) — Spirit Airlines shareholders reject bid to merge with Frontier, opening the door to a Spirit-JetBlue deal.
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7-year-old girl dies at park after tree falls on tent, officials say
Published: Jul. 27, 2022 at 4:06 PM CDT|Updated: 28 minutes ago
GATLINBURG, Tenn. (WHNS/Gray News) - A young girl from Georgia has died after a tree fell on a tent during the overnight hours at the Great Smoky Mountains National Park.
According to the National Park Service, park rangers were called to the Elkmont Campground at about 12:30 a.m. Wednesday, after a large maple tree fell and killed a 7-year-old girl.
WHNS reports other family members, including the girl’s father and two siblings, were not hurt.
Officials said the affected campsite and nearby campsites were closed immediately following the incident.
Copyright 2022 WHNS via Gray Media Group, Inc. All rights reserved. | https://www.wsaw.com/2022/07/27/7-year-old-girl-dies-park-after-tree-falls-tent-officials-say/ | 2022-07-27T21:34:52Z | https://www.wsaw.com/2022/07/27/7-year-old-girl-dies-park-after-tree-falls-tent-officials-say/ | false | null |
SBS News - Google - ShortsOther ways to listen Australia's flagbearers for Commonwealth Games namedPlay01:03SBS News - Google - ShortsOther ways to listen Get the SBS Radio appOther ways to listenDownload (982.88KB)Published 28 July 2022 at 7:24amSource: SBS News .Published 28 July 2022 at 7:24amSource: SBS NewsShareLatest podcast episodesExport coordination centre for Ukraine's grain opensPaul Hanson walks out of Senate Acknowledgement of CountryEngland reach Women's Euros finalClimate target bill ready for parliament | https://www.sbs.com.au/news/podcast-episode/australias-flagbearers-for-commonwealth-games-named/fd330oiga | 2022-07-27T21:35:25Z | https://www.sbs.com.au/news/podcast-episode/australias-flagbearers-for-commonwealth-games-named/fd330oiga | false | null |
PRINCE GEORGE, Va., July 27, 2022 /PRNewswire/ -- Touchstone Bankshares, Inc. (the "Company") (OTC Pink: TSBA), and its wholly owned subsidiary, Touchstone Bank (the "Bank"), reported consolidated net income available to common shareholders of $1.7 million and $605 thousand for the six and three months ended June 30, 2022, respectively.
Diluted earnings per common share for the quarter ended June 30, 2022, was $0.18 while return on average assets was 0.41% and return on average common equity was 5.34%. By comparison, the Company's net income available to common shareholders for the quarter ended June 30, 2021, was $1.1 million and diluted earnings per common share was $0.33. The return on average assets was 0.77% and return on average common equity was 8.72% for the quarter ended June 30, 2021.
For the six months ended June 30, 2022, diluted earnings per common share was $0.52. This compares to $2.0 million of net income available to common shareholders for six months ended June 30, 2021, or $0.60 of diluted earnings per common share. Return on average assets was 0.59% and 0.73% for six months ended June 30, 2022, and 2021, respectively. Return on average common equity for the six months ended June 30, 2022, and 2021 was 7.40% and 8.08%, respectively.
The Company also announced it has completed its stock repurchase program which began in the fourth quarter of 2021. The total number of common shares repurchased under the program is 127,706 at an average price of $11.75.
James Black, President and CEO, stated, "During the second quarter we continued to leverage our momentum from both a financial and strategic standpoint. The Bank experienced outstanding loan growth, thereby effectively deploying excess cash and capital, and supporting our communities. Despite solid credit quality metrics, which improved from the first quarter, this level of growth coupled with changing macro-economic conditions led to a $500 thousand provision for loan losses. Additionally, the Company successfully completed its $1.5 million stock repurchase program, which began last year and we continued to reduce Paycheck Protection Program loans."
He continued, "With the new interest rate hikes from the Federal Open Market Committee and the likelihood of additional moves higher, margin expansion should provide an earnings tailwind. This combined with a team performing well and focused on executing our strategic objectives, allows for expectations to remain solid for second half of the year."
Net income available to common shareholders for the quarter ended June 30, 2022, was $605 thousand, or $0.18 per diluted common share. This is a decrease of $495 thousand, or 45.0%, when compared with net income available to common shareholders of $1.1 million thousand, or $0.33 diluted earnings per common share for the same period in 2021.
The Company recorded a $500 thousand provision for loan losses in the second quarter of 2022 versus no provision for loan losses recorded in the same period in 2021. The increase in provision for loan losses was due to increased loan volume and a bleaker outlook on the national and local economies.
Net interest income for the quarters ended June 30, 2022, and 2021 was $5.1 million and $4.8 million, respectively. The net interest margin increased four basis points from 3.60% in the second quarter of 2021 to 3.64% for the same period in 2022.
Noninterest income totaled $791 thousand for the quarter ended June 30, 2022, a decrease of $199 thousand, or 20.1%, when compared to the same period in 2021.
The following table is a comparison of the components of noninterest income for the three months ended June 30, 2022, and 2021:
Notable variances for the noninterest income table above:
- The increase in service charges on deposit accounts was mainly due to an increase in ATM and debit card interchange fees and increase in volume of overdraft fees.
- The Company began seeing a decrease in secondary market origination fees in the second quarter of 2020 due to the increases in federal interest rates.
- The increase in other operating income was mainly due to increases in income from other investments.
The following table is a comparison of the components of noninterest expense for the quarters ended June 30, 2022, and 2021:
Notable variances for the noninterest expense table above:
- The increase in salaries and employee benefits for 2022 when compared to the same period in 2021 was mainly due to added staff and various one-time bonuses. Also, The Company had across-the-board salary increases due to salary inflation. The Bank is having to increase salaries for its employees to remain competitive.
- The increase in occupancy expense is mainly due to the increase in lease expense. In late 2021, the Bank executed a sales-leaseback transaction on its headquarters building.
- The decrease in data processing expense in 2022 when compared to 2021 was mainly due to the use of additional credits provided by the Company's core provider. Also, in the fourth quarter of 2021, the Company renegotiated its contract with the core provider and expects to see a reduction of data processing expenses going forward.
- The increase in telecommunications was mostly due the transitioning of communications providers. During this transition, the Bank is paying for both services. The Bank expects for a reduction in expenses in September of this year as the legacy provider phases out.
- Legal and professional fees were higher in 2022, when compared to the same period in 2021, mainly due to paying outsourced credit analysis assistance and human resources support as well as recruiter fees.
Net income available to common shareholders for the six months ended June 30, 2022, was $1.7 million, or $0.52 per diluted common share. This is a decrease of $278 thousand, or 13.8%, when compared with net income available to common shareholders of $2.0 million, or $0.60 diluted earnings per common share for the six months ended June 30, 2021.
Net interest income for the six months ended June 30, 2022, and 2021, was $9.6 million and $9.1 million, respectively. The net interest margin decreased six basis points from 3.55% in 2021 to 3.49% for 2022. This decline was mainly due to the reduction of interest income from the Paycheck Protection Program loans. However, this reduction was mostly offset by the increase in loan volume as well as the higher interest rate environment.
The Bank recorded $500 thousand in provision for loan losses in the first half of 2022, while no provisions for loan losses were made in the first half of 2021.
Noninterest income totaled $1.7 million for the first half of 2022, a decrease of $201 thousand, or 10.8%, when compared to the $1.9 million recorded in the first half of 2021.
The following table is a comparison of the components of noninterest income for the six months ended June 30, 2022 and 2021:
Notable variances for the noninterest income table above:
- The increase in service charges on deposit accounts was mainly due to an increase in ATM and debit card interchange fees and an increase in volume of overdraft fees.
- The Company began seeing a decrease in secondary market origination fees in the second quarter of 2020 due to the increases in federal interest rates.
For the six months ended June 30, 2022, noninterest expense was $9.0 million, an increase of $488 thousand, or 5.7% when compared to the $8.5 million of noninterest expense recorded for the same period in 2021. The following table is a comparison of the components of noninterest expense for the years ended June 30, 2022, and 2021:
See above discussion on variances for noninterest expenses.
At June 30, 2022, total assets were $604.0 million, compared to $581.1 million at December 31, 2021, an increase of $22.9 million, or 3.9%.
Total loans were $458.4 million at June 30, 2022. Total loans increased $55.5 million, or 13.8% during the first half of 2022. Annualized loan growth was 27.5% during the first half of 2022. Total loans grew $31.4 million, or 7.4% during the second quarter of 2022.
On the liability side of the balance sheet, deposits totaled $538.7 million at June 30, 2022, as compared to $517.4 million at December 31, 2021. This represents an increase of $21.3 million, or 4.1% during the first half of 2022.
In the fourth quarter of 2021, the Bank prepaid its outstanding $3.0 million FHLB note. The Bank had no outstanding FHLB borrowings at June 30, 2022, or December 31, 2021.
In January of 2022, the Company issued an additional $10.0 million of subordinated debt. These notes have a maturity date of January 30, 2032 and carried an initial coupon of 4%. This issuance, net of capitalized expenses, brings the total outstanding subordinated debt to $17.6 million at June 30, 2022.
Shareholders' Equity totaled $44.2 million at June 30, 2022, down from the $50.9 million of total Shareholders' Equity at December 31, 2021. The decline was mainly due to the $8.1 million decrease in Accumulated Other Comprehensive Income which represents the unrealized loss of fair value in the Bank's available-for-sale investment securities. The decline in the fair value of the investment securities was attributed to the increases of the federal interest rates. Also, the Company initiated a stock repurchase program in the fourth quarter of 2021 which was completed in early third quarter of 2022. The Bank's Community Bank Leverage Ratio was 9.99% at June 30, 2022 and remains well capitalized as defined by regulatory guidelines.
The Bank's asset quality remains favorable. The allowance for loan losses at June 30, 2022, was $4.8 million, or 1.05% of total loans. Loans, excluding purchased credit impaired loans, past due 30 days or more and still accruing were $70 thousand at June 30, 2022, while nonaccrual loans, excluding purchased credit impaired loans, totaled $253 thousand. The Bank believes the current level of allowance for loan loss reserves are adequate to cover anticipated losses as credit metrics remain stable.
Touchstone Bankshares, Inc. is the bank holding company for Touchstone Bank. The majority of the Company's business activities are conducted through Touchstone Bank. Touchstone Bank is a full-service community bank headquartered in Prince George, Virginia. The Bank has ten branches serving Southern and Central Virginia and two branches and a loan center serving Northern North Carolina. Visit www.touchstone.bank for more information.
In addition to historical information, this press release may contain certain forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. For this purpose, any statement that is not a statement of historical fact may be deemed to be a forward-looking statement. Forward-looking statements are subject to numerous assumptions, risks and uncertainties, and actual results could differ materially from historical results or those anticipated by such statements. Factors that may cause actual results to differ materially from those contemplated by such forward-looking statements include, but are not limited to, the impacts of the ongoing COVID-19 pandemic; changes in interest rates and general economic conditions; the legislative/regulatory climate; monetary and fiscal policies of the U.S. Government; the quality or composition of the loan or investment portfolios; demand for loan products; deposit flows; competition; demand for financial services in the Company's market area; mergers, acquisitions and dispositions; implementation of new technologies and the ability to develop and maintain secure and reliable electronic systems; and tax and accounting rules, principles, policies and guidelines.
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SOURCE Touchstone Bankshares, Inc. | https://www.kcbd.com/prnewswire/2022/07/27/touchstone-bankshares-reports-2022-second-quarter-financial-results-completion-stock-repurchase-plan/ | 2022-07-27T21:37:30Z | https://www.kcbd.com/prnewswire/2022/07/27/touchstone-bankshares-reports-2022-second-quarter-financial-results-completion-stock-repurchase-plan/ | false | 11 |
- Total revenue increases to $651 million in first six months of 2022
- Annual contract value grows 14 percent (19 percent in constant currency)
- Total backlog of $1.1 billion as of June 30, 2022
CAMBRIDGE, Mass., July 27, 2022 /PRNewswire/ -- Pegasystems Inc. (NASDAQ: PEGA), the low-code platform provider that builds agility into the world's leading organizations, released its financial results for the second quarter of 2022.
"This year has turned out to be an extremely volatile business environment," said Alan Trefler, founder and CEO, Pegasystems. "The ongoing uncertainty will continue to put pressure on our clients. But this is an environment for which Pega is uniquely suited, as our low-code platform allows these same organizations to more easily adapt to change."
"In the first half of 2022, we've grown annual contract value ("ACV") 19 percent year-over-year in constant currency while showing additional signs of improving profitability," said Ken Stillwell, COO and CFO, Pegasystems. "We're doubling down on our work to become a Rule of 40 company in 2024."
Quarterly conference call
A conference call and audio-only webcast will be conducted at 5:00 p.m. EDT on Wednesday, July 27, 2022. Members of the public and investors are invited to join the call and participate in the question and answer session by dialing 1-888-394-8218 (domestic), 1-323-794-2588 (international), or via webcast (https://viavid.webcasts.com/starthere.jsp?ei=1558139&tp_key=0cc6605362) by logging onto www.pega.com at least five minutes prior to the event's broadcast and clicking on the webcast icon in the Investors section.
Discussion of non-GAAP financial measures
We believe that non-GAAP financial measures help investors understand our core operating results and prospects, consistent with how management measures and forecasts our performance without the effect of often one-time charges and other items outside our normal operations. The supplementary non-GAAP financial measures are not meant to be superior to or a substitute for financial measures prepared under U.S. GAAP.
Reconciliations of our non-GAAP and GAAP measures are at the end of this release.
Forward-looking statements
Certain statements in this press release may be "forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995.
Words such as expects, anticipates, intends, plans, believes, will, could, should, estimates, may, targets, strategies, projects, forecasts, guidance, likely, and usually, or variations of such words and other similar expressions identify forward-looking statements, which are based on current expectations and assumptions.
Forward-looking statements deal with future events and are subject to risks and uncertainties that are difficult to predict, including, but not limited to:
- our future financial performance and business plans;
- the adequacy of our liquidity and capital resources;
- the continued payment of our quarterly dividends;
- the timing of revenue recognition;
- management of our transition to a more subscription-based business model;
- variation in demand for our products and services, including among clients in the public sector;
- reliance on key personnel;
- global economic and political conditions and uncertainty, including continued impacts from the ongoing COVID-19 pandemic and the war in Ukraine;
- reliance on third-party service providers, including hosting providers;
- compliance with our debt obligations and covenants;
- the potential impact of our convertible senior notes and Capped Call Transactions;
- foreign currency exchange rates;
- the potential legal and financial liabilities and damage to our reputation due to cyber-attacks;
- • security breaches and security flaws;
- our ability to protect our intellectual property rights, costs associated with defending such rights, intellectual property rights claims and other related claims by third parties against us, including related costs, damages, and other relief that may be granted against us;
- our client retention rate; and
- management of our growth.
These risks and others that may cause actual results to differ materially from those expressed in such forward-looking statements are described further in Part I of our Annual Report on Form 10-K for the year ended December 31, 2021, Part II of our Quarterly Report on Form 10-Q for the quarter ended June 30, 2022, and other filings we make with the U.S. Securities and Exchange Commission ("SEC").
Except as required by applicable law, we do not undertake and expressly disclaim any obligation to update or revise these forward-looking statements publicly, whether due to new information, future events, or otherwise.
The forward-looking statements in this press release represent our views as of July 27, 2022.
About Pegasystems
Pega provides a powerful low-code platform that builds agility into the world's leading organizations so they can adapt to change. Clients use our AI-powered decisioning and workflow automation to solve their most pressing business challenges – from personalizing engagement to automating service to streamlining operations. Since 1983, we've built our scalable and flexible architecture to help enterprises meet today's customer demands while continuously transforming for tomorrow. For more information on Pegasystems (NASDAQ: PEGA), visit www.pega.com.
Press contact:
Lisa Pintchman
VP, Corporate Communications
lisapintchman.rogers@pega.com
617-866-6022
Twitter: @pega
Investor contact:
Peter Welburn
VP, Corporate Development & Investor Relations
PegaInvestorRelations@pega.com
617-498-8968
All trademarks are the property of their respective owners.
Our non-GAAP financial measures reflect the following adjustments:
- Stock-based compensation: We have excluded stock-based compensation from our non-GAAP operating expenses and profitability measures. Although stock-based compensation is a key incentive offered to our employees, and we believe such compensation contributed to our revenues recognized during the periods presented and is expected to contribute to our future revenues, we continue to evaluate our business performance excluding stock-based compensation.
- Capped call transactions: We have excluded gains and losses related to our capped call transactions held at fair value under U.S. GAAP. The capped call transactions are expected to reduce common stock dilution and/or offset any potential cash payments we must make, other than for principal and interest, upon conversion of the Notes. We believe excluding these amounts from our non-GAAP financial measures is useful to investors as the types of events giving rise to them are not representative of our core business operations and ongoing operating performance. In addition, we reflect the effect of the capped call transactions on the weighted-average number of common shares outstanding in our non-GAAP financial measures as we believe it provides investors with useful information when evaluating our financial performance on a per-share basis.
- Litigation: Includes legal fees and related expenses arising from proceedings outside of the ordinary course of business. We believe excluding these expenses from our non-GAAP financial measures is useful to investors as the disputes giving rise to them are not representative of our core business operations and ongoing operating performance.
- Convertible senior notes: In February 2020, we issued convertible senior notes with an aggregate principal amount of $600 million, due March 1, 2025, in a private placement. We believe excluding the amortization of debt discounts and issuance costs provides a useful comparison of our operational performance in different periods.
- Headquarters lease: In February 2021, we agreed to accelerate our exit from our then Cambridge, Massachusetts headquarters to October 1, 2021, in exchange for a one-time payment from our landlord of $18 million, which was received in October 2021. We believe excluding the impact from our non-GAAP financial measures is useful to investors as the modified lease, including the $18 million payment, is not representative of our core business operations and ongoing operating performance.
- Amortization of intangible assets: We have excluded the amortization of intangible assets from our non-GAAP operating expenses and profitability measures. Amortization of intangible assets fluctuates in amount and frequency and is significantly affected by the timing and size of acquisitions. Investors should note that intangible assets contributed to our revenues recognized during the periods presented and are expected to contribute to future revenues. Amortization of intangible assets is likely to recur in future periods.
- Foreign currency transaction (gain) loss: We have excluded foreign currency transaction gains and losses from our non-GAAP profitability measures. Foreign currency transaction gains and losses fluctuate in amount and frequency and are significantly affected by foreign exchange market rates. Foreign currency transaction gains and losses are likely to recur in future periods.
- Other: We have excluded gains and losses from our venture investments, capital advisory expenses, and incremental expenses incurred integrating acquisitions and evaluating potential acquisitions. In addition, incremental fees were incurred in the three and six months ended June 30, 2021 due to the cancellation of in-person sales and marketing events due to the COVID-19 pandemic. We believe excluding these amounts from our non-GAAP financial measures is useful to investors as the types of events giving rise to them are not representative of our core business operations and ongoing operating performance.
Our GAAP effective income tax rate is subject to significant fluctuations due to several factors, including excess tax benefits generated by our stock-based compensation plans, gains and losses on our capped call transactions, tax credits for stock-based compensation awards to research and development employees, and unfavorable foreign stock-based compensation adjustments. We determine our non-GAAP income tax rate using applicable rates in taxing jurisdictions and assessing certain factors, including our historical and forecasted earnings by jurisdiction, discrete items, and our ability to realize tax assets. Under GAAP we recorded a valuation allowance on our deferred tax assets of $192 million in the three months ended June 30, 2022. See "Note 12. Income Taxes" in Part I, Item 1 of our Quarterly Report on Form 10-Q for the three months ended June 30, 2022 for additional information. We believe it is beneficial for our management to review our non-GAAP results consistent with our annual plan's effective income tax rate as established at the beginning of each year, given tax rate volatility.
Note: Constant currency Backlog is calculated by applying foreign exchange rates for the earliest period shown to all periods. The above constant currency measures reflect foreign exchange rates applicable as of Q2 2021.
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SOURCE Pegasystems Inc. | https://www.fox19.com/prnewswire/2022/07/27/client-adoption-drives-pega-cloud-70-new-client-commitments-first-half-2022/ | 2022-07-27T21:39:05Z | https://www.fox19.com/prnewswire/2022/07/27/client-adoption-drives-pega-cloud-70-new-client-commitments-first-half-2022/ | false | 12 |
Justice Department Jan. 6 criminal probe focuses on Trump's actions leading up to insurrection
The Justice Department's investigation into the Jan. 6 Capitol riot is focusing on former President Donald Trump's actions leading up to the insurrection. It's not clear whether Trump is the target of the investigation, however. CBS News legal contributor Rebecca Roiphe has more. | https://www.cbsnews.com/video/doj-probe-trump-jan-6/ | 2022-07-27T21:43:38Z | https://www.cbsnews.com/video/doj-probe-trump-jan-6/ | true | null |
Company also declares preferred stock dividend
MCLEAN, Va., July 27, 2022 /PRNewswire/ -- Capital One Financial Corporation (NYSE: COF) today announced a quarterly dividend of $0.60 per share payable August 19, 2022, to stockholders of record as of August 8, 2022. The company has announced dividends on its common stock every quarter since it became an independent company on February 28, 1995. Dividends declared by the company are eligible for direct reinvestment in the company's common stock under its Dividend Reinvestment and Stock Purchase Plan. For additional Plan information, stockholders should contact Computershare Trust Company, N.A., at 1-888-985-2057 (inside the U.S. and Canada) or 1-781-575-2725 (outside the U.S. and Canada).
The company also declared a quarterly dividend on the outstanding shares of its 5.00 percent Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series I (the "Series I Preferred Stock"). Each outstanding share of the Series I Preferred Stock is represented by depositary shares, each representing a 1/40th interest in a share of Series I Preferred Stock. The dividend of $12.50 per share (equivalent to $0.3125 per outstanding depositary share) will be paid on September 1, 2022, to stockholders of record at the close of business on August 17, 2022.
The company also declared a quarterly dividend on the outstanding shares of its 4.80 percent Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series J (the "Series J Preferred Stock"). Each outstanding share of the Series J Preferred Stock is represented by depositary shares, each representing a 1/40th interest in a share of Series J Preferred Stock. The dividend of $12.00 per share (equivalent to $0.30 per outstanding depositary share) will be paid on September 1, 2022, to stockholders of record at the close of business on August 17, 2022.
The company also declared a quarterly dividend on the outstanding shares of its 4.625 percent Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series K (the "Series K Preferred Stock"). Each outstanding share of the Series K Preferred Stock is represented by depositary shares, each representing a 1/40th interest in a share of Series K Preferred Stock. The dividend of $11.5625 per share (equivalent to $0.2890625 per outstanding depositary share) will be paid on September 1, 2022, to stockholders of record at the close of business on August 17, 2022.
The company also declared a quarterly dividend on the outstanding shares of its 4.375 percent Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series L (the "Series L Preferred Stock"). Each outstanding share of the Series L Preferred Stock is represented by depositary shares, each representing a 1/40th interest in a share of Series L Preferred Stock. The dividend of $10.9375 per share (equivalent to $0.2734375 per outstanding depositary share) will be paid on September 1, 2022, to stockholders of record at the close of business on August 17, 2022.
The company also declared a quarterly dividend on the outstanding shares of its Fixed Rate Reset Non-Cumulative Perpetual Preferred Stock, Series M (the "Series M Preferred Stock"). The dividend of $9.875 per share will be paid on September 1, 2022, to stockholders of record at the close of business on August 17, 2022.
The company also declared a quarterly dividend on the outstanding shares of its 4.25 percent Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series N (the "Series N Preferred Stock"). Each outstanding share of the Series N Preferred Stock is represented by depositary shares, each representing a 1/40th interest in a share of Series N Preferred Stock. The dividend of $10.625 per share (equivalent to $0.265625 per outstanding depositary share) will be paid on September 1, 2022, to stockholders of record at the close of business on August 17, 2022.
About Capital One
Capital One Financial Corporation (www.capitalone.com) is a financial holding company whose subsidiaries, which include Capital One, N.A., and Capital One Bank (USA), N.A., had $307.9 billion in deposits and $440.3 billion in total assets as of June 30, 2022. Headquartered in McLean, Virginia, Capital One offers a broad spectrum of financial products and services to consumers, small businesses and commercial clients through a variety of channels. Capital One, N.A. has branches located primarily in New York, Louisiana, Texas, Maryland, Virginia, New Jersey and the District of Columbia. A Fortune 500 company, Capital One trades on the New York Stock Exchange under the symbol "COF" and is included in the S&P 100 index.
Visit the Capital One newsroom for more Capital One news.
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WASHINGTON (AP) — In an unexpected turnabout, Sen. Joe Manchin announced Wednesday that he had reached an expansive agreement with Senate Majority Leader Chuck Schumer which had eluded them for months on health care costs, energy and climate issues, taxing higher earners and large corporations and reducing federal debt.
Manchin, D-W.Va., whose resistance had long derailed sweeping legislation on those issues, abruptly revealed the agreement in a press release. It provided virtually no details on the accord.
Manchin, one of the most conservative Democrats in Congress, just last week said he would only agree this month to far more limited legislation curbing prescription drug costs and extending federal subsidies for health care costs.
He said he was open to considering a broader compromise on environment and tax issues after Congress returns from a summer recess in September, an offer that many Democrats thought dubious.
There was no immediate explanation why Manchin had suddenly agreed to the far broader package. In December, his resistance derailed a wide-ranging $3.5 trillion, 10-year social and environment bill that was President Joe Biden’s top domestic priority. | https://www.thestar.com/news/world/us/2022/07/27/manchin-says-he-has-health-energy-tax-deal-with-schumer.html | 2022-07-27T21:45:15Z | https://www.thestar.com/news/world/us/2022/07/27/manchin-says-he-has-health-energy-tax-deal-with-schumer.html | false | 3 |
HAMILTON, Bermuda (AP) _ Everest Re Group Ltd. (RE) on Wednesday reported second-quarter profit of $123 million.
The Hamilton, Bermuda-based company said it had profit of $3.11 per share. Earnings, adjusted for non-recurring costs, came to $9.79 per share.
The results topped Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $9.07 per share.
The reinsurance company posted revenue of $2.83 billion in the period. Its adjusted revenue was $3.07 billion, which missed Street forecasts. Three analysts surveyed by Zacks expected $3.16 billion.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on RE at https://www.zacks.com/ap/RE | https://www.thehour.com/business/article/Everest-Re-Q2-Earnings-Snapshot-17333228.php | 2022-07-27T21:49:37Z | https://www.thehour.com/business/article/Everest-Re-Q2-Earnings-Snapshot-17333228.php | true | null |
We’ve reached our final set of plays for the Rocket Mortgage Classic, meaning it’s time to throw our darts!
Our first-round leader streak ended at one last week. After hitting Cameron Young at the Open, we failed to identify Scott Piercy as the first-round leader at TPC Twin Cities. But, I’ve once again selected four players to back in this market at Detroit Golf Club.
Based on weather reports, it appears those players going off early will have an advantage, a key part of my handicap.
With that in mind, here are the four players I’m targeting at the Rocket Mortgage Classic. All odds come courtesy of Fanduel Sportsbook and are reflective at time of writing.
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Rocket Mortgage first-round predictions
First-Round Leader Bet #1 – Denny McCarthy (+4500)
McCarthy has played terrific golf of late, posting three top-10’s in his last four starts.
More importantly, McCarthy has finished Thursday T-10th or better in two of those four starts. Plus, in his most recent start at the John Deere, he finished Thursday T-5th only four shots off the opening round pace.
Although he doesn’t own the greatest course history at Detroit GC — a MC in 2021 to pair with a T-21st in 2019 — McCarthy ranks out very well in my first-round statistical model. Over his last eight opening rounds, he’s sixth overall in the field.
Over that span, McCarthy’s biggest advantages lie around the greens. He’s 10th in birdies or better gained, ninth in both SG: Par 5’s and SG: Par 4’s – 350 to 400 yards and fourth or better in both putting metrics.
Additionally, McCarthy is fifth in SG: Total and first in SG: Putting over his last eight opening rounds. Further, McCarthy tends to do well on Donald Ross designs — over his last 12 rounds on qualifying tracks, he’s seventh in SG: Total and first in SG: Putting.
For those reasons, I’ll back McCarthy at what I consider to be a great price.
First-Round Leader Bet #2 – Russell Henley (+5500)
Frankly, I’m shocked at this number on Henley, who I rate much higher than his odds suggest.
This season on tour, Henley is tied for fourth in first-round scoring and third overall amongst players with at least 17 rounds. Plus, this area appears to be a natural strong-suit of Henley’s game as he ranked T-11th in first-round scoring last season.
In terms of my statistical model, Henley ranks fourth overall in my 12-round model and first overall in my 24-round projection.
Just in terms of the latter model, Henley is first overall in good drives gained, GIRs gained and birdies or better gained. He also ranks fourth in SG: Approach and seventh overall in SG: Par 5’s.
Additionally, it’s worth mentioning that — over his last 12 opening rounds on courses where scoring is “easy” — Henley is second in the field in SG: Total while leading the field in SG: Ball Striking.
If the Georgia product can just get his putter going, he should have a great chance to lead after Thursday in Detroit. Play him at +4500 or better.
First-Round Leader Bet #3 – Wyndham Clark (+6000)
Regular readers of this column will know Clark has burned me plenty before, but I’m not prepared to give up on him.
Over his last 12 opening rounds, Clark ranks third in the field in SG: Total and sits fifth in the field in SG: Putting. Plus, he’s 16th in that span in birdies or better gained and 21st in bogey avoidance. He’s also tied for ninth in first-round scoring on tour this season.
In terms of his output in my statistical modeling, Clark ranks seventh in the field in my eight-round model. Over that span, Clark is most impressive when it comes to his birdie record — he leads the field in birdies or better gained — and on approach — 19th in SG: Approach.
Clark also ranks 13th in putting from five to 10 feet and 22nd in proximity from 100-125 yards.
Lastly, Clark owns a decent record at Detroit GC. In his lone appearance in 2019, he finished in a tie for 17th. As for his opening round, he fired a four-under 68, five shots off the pace that year.
Given his early tee time, expect another strong Thursday performance from Clark.
Betting on Sports?
First-Round Leader Bet #4 – Lee Hodges (+10000)
This is purely a value bet as my model rates Hodges much higher than his odds suggest.
Over his last eight opening rounds, Hodges ranks 19th overall in my statistical model. Although he lacks strength on approach (67th in SG: Approach), there are a lot of other positives to take into account. For example, he’s 13th in good drives gained, 15th in GIRs gained and 17th in birdies or better gained.
Additionally, if you consider Hodges’s last 24 opening rounds, he ranks eighth overall in birdies or better gained, so we know he’s capable of scoring in favorable conditions. Further, if you consider his last eight opening rounds on courses with “easy” scoring conditions, he ranks ninth in the field in birdies or better gained.
Although Hodges doesn’t own a spectacular finishing record in recent weeks, his first-round outputs remain strong. Dating back to the Charles Schwab Challenge, Hodges brings a first-round scoring average of 68.33 to the Rocket Mortgage. That’s down almost a stroke-and-a-half for his season-long first-round scoring average.
For all those reasons, I’m willing to take a flier on Hodges at 100/1. Although a lot has to go right, his ability to make birdies quickly should give bettors a chance to cash this ticket. | https://www.thehamdenjournal.com/sports/rocket-mortgage-classic-first-round-predictions-and-golf-picks/277055/ | 2022-07-27T21:51:01Z | https://www.thehamdenjournal.com/sports/rocket-mortgage-classic-first-round-predictions-and-golf-picks/277055/ | true | 2 |
WESTMINSTER, Colo., July 27, 2022 /PRNewswire/ -- Today, not-for-profit cooperative wholesale power supplier Tri-State Generation and Transmission Association, Inc. (the "Company") announced the pricing terms of its previously announced cash tender offers (the "Tender Offers") for up to $100,000,000 aggregate principal amount (the "Aggregate Tender Cap") of its First Mortgage Bonds, Series 2014E-1, 3.70% due 2024 (the "Bonds due 2024"), First Mortgage Bonds, Series 2014E-2, 4.70% due 2044 (the "Bonds due 2044") and First Mortgage Bonds, Series 2016A, 4.25% due 2046 (the "Bonds due 2046" and, collectively, the "Securities"), in the order or priority set forth in the offer to purchase, dated July 13, 2022 (as it may be amended or supplemented from time to time, the "Offer to Purchase").
The following table lists the Bonds due 2024 that had been validly tendered and not validly withdrawn at or prior to 5:00 p.m., New York City time, on July 26, 2022 (the "Early Tender Date"), as reported by D.F. King & Co., Inc., the tender and information agent. The applicable Reference Yield, Repurchase Yield, Early Tender Payment and Total Consideration (each as defined more fully in the Offer to Purchase) with respect to the Bonds due 2024 accepted for purchase are detailed in the table below.
The Tender Offers consist of offers to purchase for cash, on the terms and conditions set forth in the Offer to Purchase, which sets forth the terms and conditions of the Tender Offers. Withdrawal rights for the Tender Offers expired at 5:00 p.m. New York City time on July 26, 2022, and, accordingly, Securities validly tendered in the Tender Offers may no longer be withdrawn except where additional withdrawal rights are required by law. The Tender Offers for the Securities will expire at 11:59 p.m., New York City time, on August 9, 2022, or, in each case, any other date and time to which the Company extends the applicable Tender Offer (such date and time, as it may be extended with respect to a Tender Offer, the applicable "Expiration Time"), unless earlier terminated.
Because the Tender Offers have been fully subscribed as of the Early Tender Date, holders who tender Securities after the Early Tender Date will not have any of their Securities accepted for purchase, unless the Company elects to increase or eliminate Aggregate Tender Cap. Any Securities tendered after the Early Tender Date, together with any Securities tendered at or prior to the Early Tender Date but not accepted for purchase by the Company, will be returned to the holders thereof as described in the Offer to Purchase, unless the Company elects to increase or eliminate the Aggregate Tender Cap.
Because the aggregate principal amount of Securities validly tendered exceeds the Aggregate Tender Cap, the Company does not expect to accept for purchase all Securities that have been validly tendered and not validly withdrawn at or prior to the Early Tender Date, in each case as further described in the Offer to Purchase. Rather, the Company expects that it will accept for purchase Bonds due 2024 validly tendered and not validly withdrawn at or prior to the Early Tender Deadline on a pro rata basis in accordance with the Offer to Purchase, subject to a proration factor of approximately 74.5%, and does not expect to accept for purchase any Bonds due 2044 or Bonds due 2046. As a result, a holder who validly tenders and does not validly withdraw Bonds due 2024 pursuant to the Tender Offers may have all or a portion of its Securities returned to it. As described in the Offer to Purchase, all Securities tendered and not accepted for purchase will be promptly returned to the tendering holder's account.
The consideration (the "Total Consideration") offered per $1,000 principal amount of Bonds due 2024 validly tendered, and not validly withdrawn, and accepted for purchase pursuant to the Tender Offer will be determined in the manner described in the Offer to Purchase by reference to the "Fixed Spread" for the Bonds due 2024 in the table above, plus the Reference Yield specified in the table above.
Holders will also receive accrued and unpaid interest on Securities validly tendered and accepted for purchase from the last interest payment date up to, but not including, the Early Settlement Date ("Accrued Interest").
The Company expects to make payment for Bonds due 2024 that are validly tendered at or prior to the Early Tender Deadline on July 28, 2022 (the "Early Settlement Date").
The Tender Offers are subject to the satisfaction or waiver of certain conditions as set forth in the Offer to Purchase. The Tender Offers are not subject to minimum tender conditions.
J.P. Morgan and US Bancorp are the dealer managers for the Tender Offers. Investors with questions regarding the Tender Offers may contact J.P. Morgan at (866) 834-4666 (toll-free) or (212) 834-3554 (collect) and US Bancorp at (800) 479-3441 (toll-free) or (646) 651-4233 (collect). D.F. King & Co., Inc. is the tender and information agent for the Tender Offers and can be contacted at (866) 828-6934 (bankers and brokers can call collect at (212) 269-5550) or by email at tristate@dfking.com.
None of the Company or its affiliates, their respective boards of directors, the dealer managers, the tender and information agent or the trustee with respect to any Securities is making any recommendation as to whether holders should tender any Securities in response to any of the Tender Offers, and neither the Company nor any such other person has authorized any person to make any such recommendation. Holders must make their own decision as to whether to tender any of their Securities, and, if so, the principal amount of Securities to tender.
This news release does not constitute an offer to sell, or the solicitation of an offer to sell, or the solicitation of an offer to buy any securities that may be issued pursuant to the transactions described above. Further, nothing contained herein shall constitute a notice of redemption of the Securities of any series. The full details of the Tender Offers, including complete instructions on how to tender Securities, are included in the Offer to Purchase. Holders are strongly encouraged to read carefully the Offer to Purchase, including materials incorporated by reference therein, because they will contain important information. The Offer to Purchase may be obtained from D.F. King & Co., Inc., free of charge, by calling toll-free at (866) 828-6934 (bankers and brokers can call collect at (212) 269-5550) or by email at tristate@dfking.com.
About Tri-State
Tri-State is a wholesale power supply cooperative, operating on a not-for-profit basis, with 45 members, including 42 utility electric distribution cooperative and public power district members in four states that together deliver reliable, affordable and responsible power to more than a million electricity consumers across nearly 200,000 square miles of the West.
Certain information contained in this press statement are forward-looking statements including statements concerning Tri-State's plans, future events, and other information that is not historical information. These forward-looking statements are subject to a number of risks, uncertainties and assumptions, including those described from time to time in Tri-State's filings with the Securities and Exchange Commission. Tri-State's expectations and beliefs are expressed in good faith, and Tri-State believes there is a reasonable basis for them. However, Tri-State cannot assure you that management's expectations and beliefs will be achieved. There are a number of risks, uncertainties and other important factors that could cause actual results to differ materially from the forward-looking statements contained herein.
Contact:
Lee Boughey, 303-254-3555, lboughey@tristategt.org
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SOURCE Tri-State Generation and Transmission Association, Inc. | https://www.14news.com/prnewswire/2022/07/27/tri-state-announces-pricing-terms-its-cash-tender-offers-certain-outstanding-debt-securities/ | 2022-07-27T21:51:37Z | https://www.14news.com/prnewswire/2022/07/27/tri-state-announces-pricing-terms-its-cash-tender-offers-certain-outstanding-debt-securities/ | false | 12 |
The Gujarat High Court Wednesday issued notice to the state and central authorities concerned seeking response to an apprehension raised in a public interest litigation (PIL) that animals at the Reliance Industries Limited (RIL)-supported private zoo will not be taken care of.
The division bench of Chief Justice Aravind Kumar and Justice AJ Shastri issued notice to the state government, principal chief conservator of forests and wildlife, and the Central Zoo Authority (CZA).
The private zoo, Greens Zoological Rescue and Rehabilitation Centre at Jamnagar, and Reliance Industries— both of whom have been added as respondent parties to the PIL by Halar Utkarsh Samiti Trust — were not issued notices by the court.
The bench reasoned that based on the petitioner’s arguments so far, the bench was of the view that at this stage issuance of notice to the state and central authorities would suffice.
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The notice has been kept returnable for August 18 and the bench added that on the said date a statement be made by the authorities before the court with respect to the petitioner’s short apprehension that exotic and foreign animals, which are being acquired by the private zoo, will not be taken care of by the private entity.
“We will record it (statement of the authorities) and close the proceedings,” added the bench.
The petitioner trust, while arguing for their case on July 21 before the same division bench, had highlighted discrepancies with respect to the recognition of the Greens Zoo.
It was pointed out that the zoo was granted recognition by CZA on August 17, 2020 and was categorised as a “mini zoo” despite having an area of over 171 hectares and the Recognition of Zoo Rules specifying that mini zoo categorisation is for area less than 10 hectares.
The bench while hearing the matter on July 21, addressing the petitioner’s lawyer Aditya Choksi, had remarked, “…It will probably become the pride of Gujarat and you do not want Gujarat to develop ?”
To this, Choksi had responded, “My interest is very limited to the welfare and well being of animals. For example they’ve been acquired from a foreign land, will the atmosphere and food at Jamnagar be suitable to them?… Why are animals housed at central and state zoos being acquired by a private zoo and a question would arise that whether these central and state zoos are so inadequate as to provide adequate facility and protection to wild animals…”
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The bench had insisted that the petitioner should instead pray for a writ that once the zoo is established the private entity should ensure that everything is maintained properly and that the animals are taken care of.
“Then it’s your genuine cause. To say don’t open itself, is tainted. We will have to look into your conduct with coloured glass. Don’t do that,” Chief Justice Kumar had remarked.
Choksi had, however, clarified that the petitioner trust’s prayer is “very limited” whereby the trust is “not seeking quashing of the recognition granted,” but is only seeking that during pendency of the PIL, the court may direct that a committee of experts visit the said zoo and submit a detailed report on various aspects and condition of the centre.
- The Indian Express website has been rated GREEN for its credibility and trustworthiness by Newsguard, a global service that rates news sources for their journalistic standards. | https://indianexpress.com/article/cities/ahmedabad/gujarat-hc-notice-on-concern-over-animals-at-ril-zoo-8055857/ | 2022-07-27T21:51:46Z | https://indianexpress.com/article/cities/ahmedabad/gujarat-hc-notice-on-concern-over-animals-at-ril-zoo-8055857/ | false | 1 |
The Department of Trade and Industry (DTI) urged on Wednesday, July 27, senior citizens and persons with disabilities (PWDs) to utilize their 5% special discount for Basic Necessities and Prime Commodities (BNPC).
dilg-joincircular-2022512_e701c93e48-compressedThe agency made the call following the release of the Joint Memorandum Circular (JMC) No. 01, series of 2022, entitled “Guidelines on the Provision of the Mandatory Statutory Benefits and Privileges of the Senior Citizens and Persons with Disabilities on their Purchases through Online (e-commerce) and Phone Call/SMS”.
The discount is distinct from the 20% regular discount that covers different goods and services.
“These benefits and privileges under the said Circular, including the 5% discount on BNPC purchases, are meant to be utilized especially the Senior Citizens and Persons with Disabilities all year round, and not only amidst the pandemic,” said DTI undersecretary Ruth B. Castelo.
Under the 5% discount, senior citizens and PWDs have a maximum purchase amount of P1,300.00 a week for both online and offline transactions, without carryover of the unused amount.
The amount shall be spent for the personal and exclusive consumption of the senior citizen and the PWD, and must be spent on at least four kinds of items of BNPCs.
To receive the discount, one must declare to the merchant before placing orders that he or she is a senior citizen or a PWD, and submit supporting documents such as a scanned copy or screenshot of ID, as well as the front and last pages of the purchase booklet.
The same proof of discount entitlement should be presented upon the delivery of goods and orders, if the purchase was made online or through a phone text or call.
The DTI-Consumer Protection Group (CPG), through its Consumer Policy and Advocacy Bureau (CPAB) issues the Suggested Retail Price (SRP) list for BNPCs.
Under its jurisdiction, the DTI monitors the price and supply of Basic Necessities such as canned sardines and other marine products; processed milk; coffee; salt; laundry soap; detergent; candles; bread; and salt.
The DTI also monitors the price and supply of prime commodities such as flour; canned pork, beef, and poultry meat; noodles; vinegar; soy sauce; patis; toilet soap; paper, school supplies; cement, clinker, GI sheets; hollow blocks, construction nails; batteries, electrical supplies, light bulbs; steel wire; bottled water; and batteries. | https://newsbytes.ph/2022/07/27/joint-circular-adds-5-discount-for-senior-citizens-pwds-on-purchases-online-or-via-phone/?utm_source=rss&utm_medium=rss&utm_campaign=joint-circular-adds-5-discount-for-senior-citizens-pwds-on-purchases-online-or-via-phone | 2022-07-27T21:56:28Z | https://newsbytes.ph/2022/07/27/joint-circular-adds-5-discount-for-senior-citizens-pwds-on-purchases-online-or-via-phone/?utm_source=rss&utm_medium=rss&utm_campaign=joint-circular-adds-5-discount-for-senior-citizens-pwds-on-purchases-online-or-via-phone | true | 1 |
Is This Antioxidant-Rich Detox Supplement The Key To Longevity?*
When it comes to longevity, we often talk about feeding and fueling our bodies with nourishing foods. There's no doubt that eating a well-balanced, plant-focused diet is a major key to living a long, healthy life (just take a look at the Blue Zones Diet)—but what about filtering through and swiftly removing the things that don't belong? Keeping things tidy, if you will.
What is natural detoxification?
daily detox+
Supports daily detoxification*
Natural detoxification is your body's way of eliminating the toxins you've taken in from the air, water, food, and a myriad of other sources. And while environmental stressors are pervasive, our own physiological pathways create biological stressors of their own too, like free radicals, just while accomplishing day-to-day cellular tasks.
While this physiological system is innately intelligent and is designed to remove toxins and neutralize free radicals efficiently, our modern world is filled with more stressors than ever before. The fact is, supporting the optimal function of our detoxification pathways is essential to whole-body health throughout the lifespan.
Ways to promote the body's natural detox processes to support a long, healthy life.
According to Deanna Minich, Ph.D., CNS, FACN, IFMCP, functional-medicine-trained clinician and author of Whole Detox, detoxification is vital to whole-body well-being: "If we clear the cellular debris, then the cells can theoretically work better and be more efficient. If the cells are healthy, the tissue will be optimized, which then ultimately supports the entire organism."
On the other hand, Minich explains that environmental toxins burden our bodies on the cellular level. It's important to reduce toxin exposure as much as possible so the body's detox system isn't overloaded with unwanted compounds and free radicals.
Increasing your intake of antioxidants will promote sufficient antioxidant levels and oxidative homeostasis.* Here are other ways to help:
1. Bolster your antioxidant network.
Complex networks of antioxidants neutralize free radicals and modulate cellular oxidative balance throughout the body.* Antioxidants promote detoxification by eliminating free radicals that are a byproduct of the liver's detoxification process, but they also support universal organ function and longevity by combating oxidative stress in cells throughout the entire body.*
One antioxidant (deemed the "master" of all antioxidants, btw) is especially impressive in its ability to combat free radicals (i.e., oxidants): "Glutathione is an endogenously produced antioxidant that can directly detoxify a number of oxidants produced [in the body], as well as oxidants [aka toxins] that we are exposed to from our environment,"* explains Brian Day, Ph.D., professor of medicine at National Jewish Health.
Additionally, glutathione promotes the regeneration of other antioxidants (particularly vitamins C and E), which makes it a very powerful actor in detoxification and longevity.* Day suggests adopting an antioxidant-centered, plant-based diet while also considering the utility of a targeted antioxidant supplement to help maintain a healthy redox balance each day.*
Support toxin filtering and removal.
While antioxidants are crucial to the detoxification system, the proper functioning of our elimination organs is equally important to our overall well-being and longevity.* By supporting our elimination organs (i.e., the liver, kidneys, skin, lungs, lymph, and colon), we can ensure that toxins are being cleared out efficiently and effectively.
For many, figuring out how to promote an organ's health is a little confusing (after all, you can't see exactly how your liver or kidneys are doing in there, can you?).
Not to fear—here's a quick list of hot health tips for supporting your elimination organs:
- Liver: The liver needs sufficient antioxidant levels to work optimally. Add some leafy greens or cruciferous veggies (e.g., broccoli, cauliflower, cabbage) to your diet, or consider taking an antioxidant-rich supplement with glutathione—like mbg's daily detox+.*
- Kidneys: Make an effort to drink more water! The kidneys flush out water-soluble toxins, so they need proper hydration in order to excrete unwanted compounds throughout the day.
- Skin: In addition to serving as barrier No. 1 from outside stressors, the skin eliminates toxins through perspiration, so incorporate some moderate exercise into your daily routine. (Just make sure you break a sweat, and hydrate, of course, to optimize your detox pathways!)
- Lungs: Your lungs take in oxygen and work hard all day to exhale toxins you don't want (carbon dioxide, allergens, fumes, etc.), so simply taking deep, focused breaths will help you support your lung health and respiration.
- Lymph: The lymphatic system's main job is to filter toxins from your blood. It's thought that dry brushing your skin in a circular motion can help promote lymph detoxification.
- Colon: When it comes to the health of your large intestine (colon), regular bowel movements are key! Nourish your gut microbiome by prioritizing a pre- and probiotic approach from diet and smart supplements. Speaking of prebiotics, focus on fiber intake (both insoluble and soluble) and stay hydrated to keep everything moving smoothly.
The takeaway.
To live a long, healthy, and happy life, you have to make sure you're supporting your body holistically. Bolstering your detoxification pathways by expanding your antioxidant network (and thus, increasing antioxidant activity) and keeping your elimination organs in tiptop shape is a fantastic way to promote optimal well-being throughout your lifespan.
If you're looking for a targeted daily detoxification solution, consider taking mbg's daily detox+.* With five all-star ingredients (i.e., glutathione, milk thistle, NAC, selenium, and acerola vitamin C), this synergistic supplement and new-school approach to detox supports daily antioxidant and anti-inflammatory actions to foster whole-body detoxification and longevity.*
daily detox+
Supports daily detoxification*
daily detox+
Supports daily detoxification* | https://www.mindbodygreen.com/articles/antioxidant-rich-detox-supplement-that-promotes-longevity | 2022-07-27T21:56:38Z | https://www.mindbodygreen.com/articles/antioxidant-rich-detox-supplement-that-promotes-longevity | true | 1 |
The U.S. Open Cup is the country's oldest national soccer competition, and it's coming to an exciting finish. Insiders say Sacramento's run is an indication of the growth of the men's game in the U.S.
Copyright 2022 NPR
The U.S. Open Cup is the country's oldest national soccer competition, and it's coming to an exciting finish. Insiders say Sacramento's run is an indication of the growth of the men's game in the U.S.
Copyright 2022 NPR | https://www.kbbi.org/2022-07-27/sacramentos-open-cup-success-proves-a-lower-division-team-can-compete-with-the-best | 2022-07-27T21:57:58Z | https://www.kbbi.org/2022-07-27/sacramentos-open-cup-success-proves-a-lower-division-team-can-compete-with-the-best | true | null |
You need to enable JavaScript to run this app. | https://sportspyder.com/nfl/new-york-jets/articles/40201793 | 2022-07-27T21:58:40Z | https://sportspyder.com/nfl/new-york-jets/articles/40201793 | true | null |
TOKYO: Japanese defense forces will participate for the first time in military exercises in Indonesia next month alongside the United States and Australia, Japanese Prime Minister Fumio Kishida said on Wednesday after talks with Indonesian President Joko Widodo.Japan’s involvement comes as Washington and its regional allies step up efforts to counter China’s growing assertiveness in the Indo-Pacific region.Japan has recently been putting heavy diplomatic emphasis on maintaining a “free and open Indo-Pacific,” and Kishida visited the region, including Indonesia, earlier this year.The meeting between Kishida and Jokowi, as he is popularly known, came a day after the Indonesian president made a rare visit to China for a summit with President Xi Jinping in which the two pledged to scale up trade and expand cooperation in areas such as agriculture and food security.”Indonesia shares fundamental values with us as well as strategic goals, it is a strategic partner,” Kishida told a news conference after the two met.He said Japan’s Self-Defense Forces will take part in the Garuda Shield joint military exercises to be held in Indonesia from Aug. 1 with the United States, Australia and others. It will be the first time that Japan has participated.The annual exercises, typically between Indonesia and the United States, will be “significantly larger in scope and scale” than in previous years, the United States has said.Japan also would loan the Indonesian government 43.6 billion yen ($318 million) for infrastructure projects and disaster prevention, Kishida said, along with cooperating in areas including energy.In his remarks, Jokowi emphasised practical aspects of bilateral ties and mentioned that the two nations had agreed to changes in an Indonesia-Japan economic partnership agreement to be signed later this year, although he did not specify details.Renegotiations on the agreement, concluded in 2007, are aimed at expanding access to Japanese markets and reducing tariffs.”I ask for Japan to support the reduction of tariffs on some products such as tuna, bananas, pineapple, and market access to mango products,” Jokowi said.Indonesia’s imports from Japan totalled $9.2 billion in 2020, while its exports to Japan stood at $14.5 billion, according to IMF data compiled by Refinitiv.Indonesia’s economics ministry said on Wednesday that Japanese automaker Toyota Motor Corp. plans to invest 27.1 trillion rupiah ($1.8 billion) in Indonesia in the next five years to produce electric vehicles.On Tuesday, Indonesia’s chief economics minister said Mitsubishi Motors Corp. plans to invest about 10 trillion rupiah in Indonesia between 2022 and 2025.Jokowi will meet Emperor Naruhito later on Wednesday. | https://yemenwatch.com/japan-to-join-garuda-shield-military-drills-for-first-time/ | 2022-07-27T21:58:58Z | https://yemenwatch.com/japan-to-join-garuda-shield-military-drills-for-first-time/ | false | 9 |
SCOTTSDALE, Ariz. (AP) _ Carlisle Cos. Inc. (CSL) on Wednesday reported second-quarter profit of $301.5 million.
The Scottsdale, Arizona-based company said it had net income of $5.73 per share. Earnings, adjusted for one-time gains and costs, were $6.15 per share.
The diversified manufacturer posted revenue of $1.85 billion 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 CSL at https://www.zacks.com/ap/CSL | https://www.houstonchronicle.com/business/article/Carlisle-Q2-Earnings-Snapshot-17333206.php | 2022-07-27T21:59:21Z | https://www.houstonchronicle.com/business/article/Carlisle-Q2-Earnings-Snapshot-17333206.php | false | null |
SWEETWATER, Texas — Three men were arrested for attempted capital murder after a victim who survived being shot in the head turned up in an area hospital on Saturday.
According to a statement issued by the Sweetwater Police Department, three men, Timothy Hernandez, Andres Diaz, and Christopher Kirkland were charged with attempted capital murder and tampering with evidence after shooting 26-year-old Joshua Coronado in the head and dumping him into the brush near County Road 216 in Nolan County.
Police say officers were dispatched to a house in the 100 block of Fisher Street in Sweetwater after Coronado’s ex-girlfriend arrived at the police station to tell police about his shooting. When officers arrived they found blood on the street, porch, and yard, but were unable to locate a victim.
Later that morning, officers were sent to Rolling Plains Memorial Hospital in Sweetwater after Coronado was found in front of a house near County Road 216. Coronado, who had a gunshot wound to the head, was taken to Hendrick Medical Center in Abilene. He survived the gunshot wound and was later released.
An investigation that included multiple interviews revealed that a fight between Coronado and Hernandez on the night of the shooting ended when Hernandez obtained possession of a gun and shot Coronado in the head.
Police say Hernandez, Diaz, and Kirkland then loaded Coronado into the bed of a stolen pickup truck and dumped him into the brush near County Road 216. The three men are charged with attempted capital murder and tampering with evidence. Sweetwater police say the investigation is ongoing and more suspects and charges may be added. | https://www.everythinglubbock.com/news/state-regional/three-arrested-for-attempted-murder-in-sweetwater-after-victim-survives-gunshot-to-the-head/ | 2022-07-27T21:59:45Z | https://www.everythinglubbock.com/news/state-regional/three-arrested-for-attempted-murder-in-sweetwater-after-victim-survives-gunshot-to-the-head/ | true | 8 |
CHEYENNE, Wyo. (AP) — A Wyoming judge on Wednesday temporarily blocked the state’s abortion ban on the day it took effect, siding with a firebombed women’s health clinic and others who argued the ban would violate the state constitution and harm health care workers and their patients.
Wyoming’s law got blocked while West Virginia lawmakers moved ahead with a ban amid protests and dozens speaking against the measure.
During hours of debate leading up to the 69-23 vote in the Republican-dominated House of Delegates, the sound of screams and chants from protesters standing outside the chamber rang through the room.
“Face us,” the crowd yelled.
Wyoming’s court action put it among several states including Kentucky, Louisiana and Utah where judges have temporarily blocked implementation of “trigger laws” while lawsuits play out.
Attorneys arguing before Teton County District Judge Melissa Owens, in Jackson, disagreed over whether the Wyoming Constitution provided a right to abortion that would nullify the state’s abortion “trigger” law that took effect Wednesday.
Owens proved most sympathetic, though, with arguments that the ban left pregnant patients with dangerous complications and their doctors in a difficult position as they balanced serious medical risks against the possibility of prosecution.
“That is a possible irreparable injury to the plaintiffs. They are left with no guidance,” Owens said.
Several states including Wyoming recently passed abortion “trigger” bans should the U.S. Supreme Court overturn Roe v. Wade, which happened June 24. The U.S. Supreme Court formally issued its judgment Tuesday — a step that allowed some states, though not Wyoming, to enact their abortion “trigger” bans.
After a more than three-week review, Gov. Mark Gordon, a Republican, last week gave the go-ahead for the Wyoming abortion ban he signed into law in March to take effect Wednesday.
The Wyoming law would outlaw abortions except in cases of rape or incest or to protect the mother’s life or health, not including psychological conditions. Doctors and others who provide illegal abortions under Wyoming’s new law could get up to 14 years in prison.
The four Wyoming women and two nonprofits that sued Monday to contest the new law claim it violates several rights guaranteed by the state constitution. Wyoming Special Assistant Attorney General Jay Jerde was skeptical, saying the state constitution neither explicitly nor implicitly allowed abortion.
“No such right exists. You can’t infringe what isn’t there,” Jerde told Owens.
The lawsuit claims the abortion ban will harm the women — two obstetricians, a pregnant nurse and a University of Wyoming law student — by outlawing potentially life-saving treatment options for their patients or themselves.
Those suing include a nonprofit opening a Casper women’s and LGBTQ health clinic, Wellspring Health Access, that would have offered abortions. A May arson attack has set back the clinic’s opening from mid-June until at least the end of this year.
Wyoming’s abortion ban is suspended while one in North Dakota is set to take effect Thursday, barring similar court developments in that state.
In West Virginia, meanwhile, lawmakers on Wednesday debated a sweeping abortion ban bill on the House floor that would make providing the procedure a felony punishable by up to 10 years in prison. The bill makes exceptions for rape or incest up to 14 weeks of gestation and for certain medical complications.
“What’s ringing in my ears is not the noise of the people here,” said one of the bill’s supporters, Republican Del. Brandon Steele of Raleigh County. “It’s the cries of the unborn, tens of thousands of unborn children that are dead today.”
The bill now heads to the Senate for consideration.
After the Supreme Court overturned Roe v. Wade, West Virginia Attorney General Patrick Morrisey said a 19th century law banned abortion in the state. Last week, a state judge barred the state from enforcing that ban, saying it was superseded by conflicting, newer laws.
Hundreds of people descended on the state Capitol for the debate. Many stood outside the House chamber and Speaker Roger Hanshaw’s office chanting and holding signs reading “we will not go quietly” and “stop stealing our health care.” Security officers escorted some from the House chambers.
Dozens spoke against the bill on the House floor including Katie Quiñonez, executive director of the Women’s Health Center of West Virginia, who was cut off and asked to step down as she started to talk about the abortion she got when she was 17.
“I chose life,” she said, raising her voice to speak over the interruption. “I chose my life, because my life is sacred.”
___
Willingham reported from Charleston, West Virginia. Follow Mead Gruver at https://twitter.com/meadgruver | https://www.fourstateshomepage.com/news/national/wyoming-abortion-ban-takes-effect-amid-legal-effort-to-block/ | 2022-07-27T21:59:54Z | https://www.fourstateshomepage.com/news/national/wyoming-abortion-ban-takes-effect-amid-legal-effort-to-block/ | false | 37 |
Tallahassee Korean War veteran reacts to unveiling of Wall of Remembrance at memorial in D.C.
TALLAHASSEE, Fla. (WCTV) - Leonard Martin, a Korean War veteran from Tallahassee, joined the WCTV set to talk about the unveiling of the Wall of Remembrance at the memorial for the “Forgotten War” in Washington, D.C.
Gold Star families gathered Wednesday morning for the wall’s dedication ceremony. It honors the nearly 36,000 American servicemen who died in the war, as well as more than 7,000 members of the Korean augmentation to the U.S. Army.
Martin was featured in WCTV’s “It’s Our Honor” series, which highlighted the return of Tallahassee’s Honor Flight, earlier this year. He shared the emotions he felt when visiting the national Korean War memorial. He believes the new wall will have an impact for veterans across the country who fought in the war.
Watch the full interview with Martin in the video player at the top of the page.
Copyright 2022 WCTV. All rights reserved. | https://www.wctv.tv/2022/07/27/tallahassee-korean-war-veteran-reacts-unveiling-wall-remembrance-memorial-dc/ | 2022-07-27T22:00:07Z | https://www.wctv.tv/2022/07/27/tallahassee-korean-war-veteran-reacts-unveiling-wall-remembrance-memorial-dc/ | true | 1 |
Japan is known for its culture of cuteness, and it goes beyond fashion and entertainment. Kawaii culture has also seeped into the country’s food. Thanks to Twitter user boku shima enaga (aka @daily_simaenaga), we get a taste (no pun intended) of adorable onigiri (rice balls) designed to look like a delectable gang of delinquent birds.
This charming assortment of savory snacks is inspired by two separate staples of Japan: the long-tailed tit (or shima enaga in Japanese) and yankii (the “delinquent youth” trope often featured in Japanese school anime and manga, who are characterized by their pompadour hairstyles). The long-tailed tit is a tiny, fluffy white bird that lives on Hokkaidō, the country's second-largest island. The little birds are just 12 to 16 centimeters in length, half of which is their tail. Their pure-white fronts make them look like cotton balls, flying through the snow.
By virtue of their cuteness, the birds have a lot of fans. Boku shima enaga posts daily long-tailed tit content, from photos of the bird to cute foods, products, and crafts inspired by it. Each of these onigiri, sometimes referred to as yankii sushi, look like a cute reimagining if the delightfully rotund little birds but with a wild “hairstyle” made of sausage, shrimp tempura, salmon, eggplant, or some other edible strip of food. The nori (seaweed) wrapped around the sides double as the bird's wings and the yankii’s jacket. Talk about cute with an attitude!
Scroll down to see more of these fun snacks, and follow boku shima enaga on Twitter for all kinds of adorable shima enaga content.
These adorable onigiri (rice balls) are the perfect blend of “tough guy” and “super cute.”
They're inspired by two icons of Japanese culture: the tiny shima enaga bird and yankii (juvenile delinquents often featured in Japanese school anime and manga).
The shima enaga (long-tailed tit) looks a lot like a rice ball, and isn't much bigger.
— ぼく、シマエナガ。 (@daily_simaenaga) July 18, 2022
Yankii characters are often distinguished by their pompadour hairstyles.
Yanki/Yankii (pronounced like “yankee” in english): A juvenile delinquent/rebellious youth. Famous examples include Yusuke Urameshi from Yu Yu Yakusho and Jotaro Kujo in JoJo's part 3. pic.twitter.com/ZHREmbp8D3
— Sen Anakara || VtuberEN || Ghastly Cat Boi (@AnakaraSen) July 22, 2022
To recreate the edible hairstyles, Twitter user boku shima enaga uses anything from eggplant to sausage to shrimp tempura.
boku shima enaga: Website | Facebook | Twitter
h/t: [grape]
All images via @daily_simaenaga.
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Japanese Baker Serves Super Cute Cookies Shaped Like Adorable Little Hamsters | https://mymodernmet.com/anime-rice-balls/ | 2022-07-27T22:00:27Z | https://mymodernmet.com/anime-rice-balls/ | true | 1 |
Sen. John Kennedy (R-La.) explained yesterday on the Senate floor how President Joe Biden’s energy policy has made electricity bills unaffordable for many in Louisiana. Kennedy also outlined how Louisianians can find help to lower their electricity bills.
He said Louisiana residents are facing the largest energy bills in history, and unlike what we’re being told, heat is not the main reason the bills are soaring, “The main reason that electricity bills are soaring is because of President Biden’s profoundly foolish energy policies,” he explained, “Which have depleted America’s natural gas inventories. Because of this, natural gas prices have increased 75 percent from 2020.”
Kennedy said it is an energy crisis and a “sucking chest wound for Louisianans and for Americans.” He went on to explain the presdient has “killed” the Ketstone Pipeling, concealed the country’s mineral leases, stalled the country’s pipelines. He also said, he’s told his banking regulators to dry up capital and loans for energy production…He’s put the full force and weight of the United States government behind this effort to destroy oil and gas. And, in doing so, he has intentionally forfeited America’s energy independence—and that’s why electricity bills are so high.”
He went on to ask what the solution would be, “Well, the answer—duh—is to have the American people produce their own oil and gas. And we can do it. We’ve done it before. We were energy independent.”
View Kennedy’s complete remarks here or watch the full video below. | https://www.houmatimes.com/news/kennedy-louisianians-cant-afford-energy-bills-because-biden-administration-forfeited-americas-energy-independence/?utm_source=rss&utm_medium=rss&utm_campaign=kennedy-louisianians-cant-afford-energy-bills-because-biden-administration-forfeited-americas-energy-independence | 2022-07-27T22:00:48Z | https://www.houmatimes.com/news/kennedy-louisianians-cant-afford-energy-bills-because-biden-administration-forfeited-americas-energy-independence/?utm_source=rss&utm_medium=rss&utm_campaign=kennedy-louisianians-cant-afford-energy-bills-because-biden-administration-forfeited-americas-energy-independence | true | 1 |
AMF REGULATED INFORMATION
Montrouge, France, July 27, 2022
Half-Year Report on the DBV Technologies Liquidity Contract with ODDO BHF
DBV Technologies (Euronext: DBV – ISIN: FR0010417345 – Nasdaq Stock Market: DBVT), a clinical-stage biopharmaceutical company, today issued the Half-Year report on its liquidity contract with ODDO BHF.
As of June 30, 2022, the following assets appeared on the liquidity account:
- 106,287 DBV Technologies shares;
- € 430,854.35.
Upon signing the liquidity contract in July 2018, the following resources appeared on the liquidity account:
- 41,159 DBV Technologies ordinary shares;
- € 432,367.25.
Number of transactions executed during the first half-year of 2022:
- Purchase: 706
- Sale: 869
Over the same period, the volumes traded represented:
- 345,064 DBV Technologies ordinary shares purchased for €1,056,560.18
- 392,408 DBV Technologies ordinary shares sold for €1,311,871.05
About DBV Technologies
DBV Technologies is developing Viaskin™, an investigational proprietary technology platform with broad potential applications in immunotherapy. Viaskin is based on epicutaneous immunotherapy, or EPIT™, and is DBV Technologies’ method of delivering biologically active compounds to the immune system through intact skin. With this new class of non-invasive product candidates, the Company is dedicated to safely transforming the care of food allergic patients. DBV Technologies’ food allergies programs include ongoing clinical trials of Viaskin Peanut. DBV Technologies has global headquarters in Montrouge, France, and North American operations in Basking Ridge, NJ. The Company’s ordinary shares are traded on segment B of Euronext Paris (Ticker: DBV, ISIN code: FR0010417345) and the Company’s ADSs (each representing one-half of one ordinary share) are traded on the Nasdaq Global Select Market (Ticker: DBVT).
Viaskin and EPIT are trademarks of DBV Technologies.
Investor Contact
Anne Pollak
DBV Technologies
+1 857-529-2363
anne.pollak@dbv-technologies.com
Media Contact
Angela Marcucci
DBV Technologies
+1 646-842-2393
angela.marcucci@dbv-technologies.com
Attachment | https://www.globenewswire.com/news-release/2022/07/27/2487336/0/en/Half-Year-Report-on-the-DBV-Technologies-Liquidity-Contract-with-ODDO-BHF.html | 2022-07-27T22:03:18Z | https://www.globenewswire.com/news-release/2022/07/27/2487336/0/en/Half-Year-Report-on-the-DBV-Technologies-Liquidity-Contract-with-ODDO-BHF.html | false | 4 |
Tonight's weather conditions in Dothan: A stray shower or thunderstorm is possible early. A few clouds from time to time. Low 73F. Winds S at 5 to 10 mph. Thursday, Dothan folks should be prepared for high temperatures. Temperatures are projected to be a sizzling hot day tomorrow with temperatures reaching a high of 90, though luckily it will feel much cooler at . A 74-degree low is forecasted. Don't leave the house without an umbrella tomorrow! Thursday's outlook shows a 38% chance of rain. Tomorrow's UV index is high. The sun's rays will be intense. Stay in the shade as much as possible. Wear sunglasses, a hat and sunscreen when in sunlight. The Dothan area should see a light breeze, with forecast models showing only 10 mph wind conditions coming up from southwest. This report is created automatically with weather data provided by TownNews.com. Keep an eye on dothaneagle.com for forecast information and severe weather updates.
Jul. 27, 2022 evening weather update for Dothan
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For the drive home in Dothan: Scattered thunderstorms in the evening. Partly cloudy skies overnight. Low 72F. Winds light and variable. Chance… | https://dothaneagle.com/weather/jul-27-2022-evening-weather-update-for-dothan/article_038eef03-34dd-530e-a3d2-8fb2dba9ff3b.html | 2022-07-27T22:04:06Z | https://dothaneagle.com/weather/jul-27-2022-evening-weather-update-for-dothan/article_038eef03-34dd-530e-a3d2-8fb2dba9ff3b.html | true | 3 |
After weeks of resistance, Sen. Joe Manchin (D-W.Va) released a statement saying he has reached an agreement with Senate Majority Leader Chuck Schumer on expansive legislation that includes action on energy and climate issues, taxing those making higher incomes and health care costs.
Sen. Manchin, a conservative Democrat in Congress, had previously said he would only agree if legislation were limited on lowering prescription drug prices and health care costs, the Associated Press reported.
As CNN reported, if the bill is cleared by the Senate parliamentarian, Democrats in the Senate might be able to get the bill approved by next week.
Sen. Manchin said in a Wednesday statement, "Rather than risking more inflation with trillions in new spending, this bill will cut the inflation taxes Americans are paying, lower the cost of health insurance and prescription drugs, and ensure our country invests in the energy security and climate change solutions we need to remain a global superpower through innovation rather than elimination,"
It was not immediately clear why Sen. Manchin pulled such an about-face on his previous staunchly held position counter to much of his party.
He continued in his statement, saying the agreement “would dedicate hundreds of billions of dollars to deficit reduction by adopting a tax policy that protects small businesses and working-class Americans while ensuring that large corporations and the ultra-wealthy pay their fair share in taxes." | https://www.thedenverchannel.com/news/national/sen-manchin-announces-energy-tax-and-health-deal-reached-with-sen-schumer | 2022-07-27T22:07:09Z | https://www.thedenverchannel.com/news/national/sen-manchin-announces-energy-tax-and-health-deal-reached-with-sen-schumer | true | 10 |
Rare bacterium that causes infectious disease discovered in Mississippi
JACKSON, Miss. (WMC) - A bacterium that is predominantly found in tropical and subtropical regions worldwide was discovered on U.S. soil for the first time — in the Gulf Coast of Mississippi.
The Mississippi State Department of Health (MSDH) announced its discovery on Wednesday.
Burkholderia pseudomallei is a rod-shaped bacterium that is known to dwell in polluted soil or water in tropical and sub-tropical areas such as Southeast Asia or Central or South America.
But after a joint investigation with the Centers for Disease Control and Prevention (CDC), it has been determined that the bacteria has been present in Mississippi since at least 2020.
When in direct contact, B. pseudomallei can cause melioidosis, an infectious disease that causes fever, joint pain, and headache. Infection can lead to pneumonia and blood infection (sepsis).
The investigation that led to the bacteria’s discovery began after two cases of melioidosis were confirmed on the Gulf Coast two years apart.
Soil samples were collected around the patients’ homes, and were later tested positive for B. pseudomallei at the CDC. This indicates that the environment was the likely source of infection for both people and that the bacteria has been present in the area since at least 2020 when the first case was reported.
Most cases of melioidosis are the result of people traveling to countries where the bacteria is known to be present, said State Epidemiologist Dr. Paul Byers.
“Typically, we see these bacteria in countries where the bacteria are endemic or where it normally occurs. Burkholderia pseudomallei normally occurs in tropical and sub-tropical areas like Southeast Asia or Central or South America. Because of the identification of this bacteria on the Mississippi Gulf Coast, persons at high risk for severe infection living on the Gulf Coast should take recommended precautions,” Byers said.
Most healthy people who come into contact with the bacterium never develop melioidosis, however, people living along the Gulf Coast have been warned to take precautions to protect themselves, especially those at higher risk for infectious disease.
MSDH advises those at risk should:
- Avoid contact with soil or muddy water – especially after heavy rains.
- Protect open wounds with waterproof dressing.
- Wear waterproof boots when gardening, doing yard work or agricultural work – it is critical to prevent infection through the feet and lower legs (after flooding or storms).
- Wear gloves to protect your hands when working directly with soil.
Copyright 2022 WMC. All rights reserved.
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Click here to report a spelling or grammar error. Please include the headline. | https://www.actionnews5.com/2022/07/27/rare-bacteria-that-causes-infectious-disease-discovered-mississippi/ | 2022-07-27T22:07:27Z | https://www.actionnews5.com/2022/07/27/rare-bacteria-that-causes-infectious-disease-discovered-mississippi/ | false | 1 |
By Shiza Arshad Khan
New Delhi [India], July 28 (ANI): On the fifth day of Indian Couture Week, Anju Modi took the audience on a regal journey as she showcased her new collection. Proud to have put forward Indian craftsmanship on the forefront, Anju Modi churned out beautiful pieces adorned with embroidery and embellishments.
Aditi Rao Hydari turned muse for the designer and looked like royalty in a yellow-green lehenga.
Speaking on the occasion, Aditi even expressed how much she enjoyed wearing the 'nath' for the show. "I can wear it even in the dark, thanks to Sanjay Leela Bhansali," added Aditi.
Famous for making one of the best bridal designs, Anju Modi filled the color palette of the show with ivory, red, white, gold, and black. Titled 'Roads less traveled, the silhouettes were an insight into Anju's learnings from her travels across the country. Silk brocades, tulle, chanderi, pashmina - all kinds of fabrics were brought to life with Anju's whimsical artistry.
Having designed for actresses like Deepika and Jacqueline in the past, Anju Modi said that her favorite muse so far has been Aditi Rao Hydari.
Speaking about finally being able to showcase couture pieces after a hiatus of two years, Anju said it is always a pleasure to be able to hold physical shows rather than online. "The collection is close to my heart because it is an ode to the Indian handiwork and handloom. It is my most personal collection so far," added Anju.
Indian Couture Week was flagged off by Tarun Tahiliani last Friday. The couturiers that will be bringing to the fore their best work this week are Suneet Verma, Dolly J, Kunal Rawal, Rohit Gandhi and Rahul Khanna, Amit Aggarwal, Falguni and Shane Peacock, Siddharth Tytler, followed by Anamika Khanna who will be closing the week off on Sunday.
JJ Valaya and Varun Bahl's shows were held on Day 2 and 3 of the couture week. (ANI)
Aditi Rao Hydari looks like royalty as she walks for Anju Modi at Couture Week
ANI | Updated: Jul 28, 2022 02:38 IST | https://www.aninews.in/news/entertainment/bollywood/aditi-rao-hydari-looks-like-royalty-as-she-walks-for-anju-modi-at-couture-week20220728023853/ | 2022-07-27T22:10:14Z | https://www.aninews.in/news/entertainment/bollywood/aditi-rao-hydari-looks-like-royalty-as-she-walks-for-anju-modi-at-couture-week20220728023853/ | false | 3 |
- Difficulty processing and managing emotions can affect your mental well-being and quality of life.
- Emotion-focused therapy can address mental health concerns by teaching emotion regulation skills.
- EFT can teach awareness, reflection, validation, and self-soothing, plus other helpful techniques.
Emotion-focused therapy (EFT) is based around the widely-accepted idea that emotions make up a key component of your identity.
As a type of humanistic therapy, EFT aims to help people free themselves from assumptions and attitudes that may hold them back from living their most fulfilling lives.
Instead of focusing on specific symptoms, humanistic therapy emphasizes self-understanding and treating the whole person as a unique individual.
EFT, in particular, can help you learn to understand, accept, and express emotions in ways that can change your decisions and behavior.
Canadian psychologist Leslie Greenberg introduced this modality around 1985, in response to what he considered an overemphasis on thoughts in psychotherapy. Greenberg later published the framework in the 1993 book, "Facilitating Emotional Change: The Moment-by-Moment Process."
Here's what to know about the potential benefits of EFT and how it works.
What does EFT treat?
EFT was initially developed to treat depression, says Alyza Berman, a licensed clinical social worker and founder of The Berman Center.
Yet EFT may help treat a number of mental health conditions, including:
1. Depression
Timonere notes that EFT can help with exploring negative emotions that contribute to depression, like helplessness and shame. Additionally, Luo says EFT can also alleviate symptoms of depression by reducing excessive self-criticism.
2. Anxiety
EFT focuses a lot on overcoming emotional avoidance, a central component of general anxiety disorder.
A small 2017 study found that after patients with social anxiety disorder received up to 28 sessions of EFT, their symptoms — including self-criticism — significantly improved.
3. Eating disorders
According to Johnson, eating disorders may develop as a way to numb or cover up overwhelming emotions, like fear, sadness, stress, or anger — and EFT involves addressing those emotions head-on, which can then decrease disordered eating habits.
A small 2021 study of people with binge eating disorder found that people who received weekly one-hour EFT sessions for three months reported fewer episodes of binge eating.
Emerging research also suggests that EFT focused on promoting self-compassion may have benefits for people living with anorexia nervosa.
4. Post-traumatic stress disorder (PTSD)
Researchers believe EFT may prove effective for treating PTSD because it can help you sort out feelings surrounding your trauma and increase self-empathy.
EFT can also empower you to express emotions more effectively, which could help alleviate any PTSD symptoms that stem from suppressing those emotions, Johnson says.
A 2017 study found when veterans completed EFT with their partners, the veterans demonstrated significant improvements in PTSD symptoms, as well as in overall life and relationship satisfaction. The veterans who participated reported feeling more "open with," "close to," and "trusting of" their partners after treatment.
5. Borderline personality disorder (BPD)
Research on the effectiveness of EFT for personality disorders remains limited.
That said, it may help improve symptoms of BPD, a personality disorder characterized by emotional dysregulation, Timonere says, since EFT can help you develop the ability to manage and control your emotional responses.
Also, experts have linked BPD to decreased levels of self-awareness and increased levels of emotional arousal — and EFT helps address both of these.
Limitations of EFT
EFT aims to help you become more responsive to your internal experience. So, it may not be the best option for treating conditions that involve responses out of proportion to your internal experience, such as panic disorder and impulse control disorder.
Also, EFT may not effectively treat mental health conditions believed to stem from chemical imbalances in the brain, such as bipolar disorder and schizophrenia. That said, it could still help address any emotional symptoms you experience.
How does EFT work?
Greenberg, the creator of EFT, specified six principles of the approach:
1. Emotional awareness: The first step involves knowing what you're feeling. Naming what you feel can help you reconnect to your needs.
2. Emotional expression: EFT seeks to help you overcome emotional avoidance, often by dismantling unhelpful beliefs, like "Anger is dangerous," that prevent you from healthy emotional expression.
3. Reflection: This component involves reflecting on the "why" behind your emotions. A better understanding of where they come from and what triggers them can help you work through them.
4. Regulation: This key element of EFT involves increasing your ability to self-soothe when powerful emotions come up, rather than letting them take over. Your therapist might teach you distraction, breathing, and positive self-talk techniques to use in emotionally distressing situations.
5. Corrective emotional experiences: This involves dealing with unhelpful emotions in new ways. For example, a therapist can teach you how to replace shame or self-disgust with a more healing emotion, like acceptance.
6. Transformation: You work to achieve this by tapping into a different emotion to transform one that's not serving you. Say you experience fear after a traumatic event. You might instead lean into your underlying anger, a more active emotion you can channel into defining personal boundaries or identifying red flags. This may feel more empowering than feeling trapped by a passive emotion, like fear.
According to Berman, EFT treatment can range anywhere from 8 to 20 weekly sessions, based on what you want to treat and the severity of your symptoms.
What's a session like?
In an EFT session, your therapist will work to help you feel safe enough to express any and all of your emotions as they arise.
They'll often do this by validating your emotional experiences — for example, by saying, "That makes sense you would feel angry about that," or "It's normal to feel sad when that happens" — so you feel more comfortable being vulnerable.
Your therapist will then help you process the emotions you experience through various techniques:
- The "empty chair technique": Communicating your feelings to a specific person who's not present — like a friend, partner, or family member — and then responding to yourself as that person.
- Re-enacting a traumatic event to uncover the underlying root emotions.
- Having a dialogue directly with different emotional parts of yourself to gain a deeper understanding of them and boost compassion toward them.
For example, say your feelings of depression stem from your belief that no one in your life cares about you. Chanel Johnson, a licensed professional counselor and owner of Altus Home Counseling, says you may uncover through EFT that your interpersonal issues stem from a defensive communication style, which you developed because your mother never validated you.
You might then, in a session of EFT:
- Use the empty chair technique to tell your mother how her behavior made you feel
- Explain your emotional needs
- Switch places to take the role of your mother and provide yourself with the validation you need
"Being allowed to feel and express your anger decreases your need to prove yourself worthy in your adult relationships by becoming defensive," Johnson says.
How to tell if it's working
Timonere says you can tell EFT is working if you can better tolerate and navigate the emotions you previously avoided.
"The main purpose of EFT is to help people see their emotions as valuable sources of information instead of painful or difficult states to deal with," Berman says.
In other words, you'll likely know it's working well for you if you find yourself beginning to handle new and uncomfortable situations more easily than in the past, Berman says.
How it compares to other approaches
Other popular therapy models, like cognitive behavioral therapy (CBT) and dialectical behavioral therapy (DBT) also help with emotional regulation. However, Johnson says EFT tends to focus more on exploring your emotions in the present than the other two modalities.
CBT may have more benefit when you experience distorted thinking that affects your mood and behavior. DBT, on the other hand, may be a better fit if you experience frequent impulsivity or intense shifts in mood.
How to try it
One way to find a therapist who offers EFT is to use online databases, like GoodTherapy or PsychologyToday:
- GoodTherapy offers a specific filter for EFT.
- On PsychologyToday, try filtering results for "humanistic therapy," "Gestalt therapy," or "experiential therapy," all of which use many of the same techniques as EFT.
Timonere says insurance will typically cover EFT as long as your plan includes mental health services.
Insider's takeaway
EFT focuses on exploring your emotions and how you deal with them in everyday life. It's often used to treat depression, anxiety, eating disorders, and trauma.
This approach can teach you new ways to use unpleasant or unwanted emotions to get information about your needs and cope with those emotions instead of ignoring or suppressing them.
By helping you to identify and manage your emotions more effectively, this approach can benefit your mental health, as well as your relationships and life overall. | https://www.insider.com/guides/health/mental-health/emotion-focused-therapy | 2022-07-27T22:11:02Z | https://www.insider.com/guides/health/mental-health/emotion-focused-therapy | true | 2 |
MADISON -- Wisconsin cheese, butter and yogurt makers win the most awards of any state, totaling more than one-fourth (26%) of all awards at the 2022 American Cheese Society Judging and Competition in Portland, Oregon. That's twice the awards won by the next closest competing state.
In total, Wisconsin dairy product artisans earned 27 first place awards, 33 second place and 30 third place. An impressive 28 Wisconsin cheese and dairy companies received awards demonstrating the depth and breadth of Wisconsin Dairy.
The ACS Competition shines a spotlight on American cheesemakers by showcasing their talents and work as leaders within the industry, both for their excellent cheesemaking and commitment to food safety. The 2022 ACS competition included 1,387 entries from 196 companies. Awards are given to cheeses and cultured dairy products which have achieved technical excellence and exhibit the highest aesthetic qualities.
"We are incredibly proud of the artisanship and innovation within the Wisconsin dairy community. Wisconsin's dairy heritage is evident in every wedge of cheese, stick of butter and cup of yogurt they make," said Chad Vincent, CEO for Wisconsin Cheese and Dairy Farmers of Wisconsin. "With access to the world's best milk and cheesemaking traditions dating back to before Wisconsin was a state, our cheesemakers never stop obsessing, creating and recreating to craft award-winning products."
The Buholzer family of Klondike Cheese Co. had a strong show taking home 15 awards for their expertise in yogurt and cheeses including various feta varieties, muenster and brick. Klondike Cheese has been producing award winning cheese at the same location since the late 1800's and today is home to six Master Cheesemakers.
The three brothers of the leading third generation -- Ron, Dave and Steve Buholzer -- along with Adam Buholzer, son of Steve and representing the fourth generation, as well as Matt Erdley and Ron Bechtolt, have all achieved Wisconsin Master Cheesemaker status. Wisconsin's Master Cheesemaker Program is one of only two in the world and takes 15 years to complete.
Among the all-star roster of winners from Wisconsin are Marieke Gouda of Thorp with nine awards, Schuman Cheese of Turtle Lake with seven awards, Widmer's Cellars of Theresa with seven awards, The Artisan Cheese Exchange of Sheboygan with five awards, BelGioioso of Green Bay with four awards, Crave Brothers of Waterloo with four awards, Cedar Grove of Plain with three awards, Hook's Cheese of Mineral Point with three awards, Nasonville of Marshfield with three awards, Prairie Farms of Shullsburg with three awards, Ron's of Kewaunee with three awards and Sartori of Plymouth with three awards.
For more Wisconsin cheese wins and a complete listing of the 2022 ACS winners, visit CheeseJudging.org
With Wisconsin crafting more varieties, types and styles of cheese than anywhere else on earth, there is something for everyone when it comes to Wisconsin Cheese. Look for the Proudly Wisconsin Cheese® badge to taste some of the country's best. To learn more visit WisconsinCheese.com.
About Wisconsin Cheese: The tradition of cheesemaking excellence began more than 180 years ago, before Wisconsin was recognized as a state. Wisconsin's 1,200 cheesemakers, many of whom are third- and fourth-generation, continue to pass on old-world traditions while adopting modern innovations in cheesemaking craftsmanship. For more information, visit WisconsinCheese.com or connect on Facebook.
About Dairy Farmers of Wisconsin: Funded by Wisconsin dairy farmers, Dairy Farmers of Wisconsin is a non-profit organization that focuses on marketing and promoting Wisconsin's world-class dairy products. For more information, visit our website at wisconsindairy.org.
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NORTH POINT PORTFOLIO MANAGERS CORP/OH recently filed their 13F report for the second quarter of 2022, which ended on 2022-06-30.
The 13F report details which stocks were in a guru’s equity portfolio at the end of the quarter, though investors should note that these filings are limited in scope, containing only a snapshot of long positions in U.S.-listed stocks and American depository receipts as of the quarter’s end. They are not required to include international holdings, short positions or other types of investments. Still, even this limited filing can provide valuable information.
5910 LANDERBROOK DRIVE MAYFIELD HTS, OH 44124
As of the latest 13F report, the guru’s equity portfolio contained 74 stocks valued at a total of $571.00Mil. The top holdings were COST(4.91%), UNH(4.39%), and APH(4.07%).
According to GuruFocus data, these were NORTH POINT PORTFOLIO MANAGERS CORP/OH’s top five trades of the quarter.
The Goldman Sachs Group Inc
NORTH POINT PORTFOLIO MANAGERS CORP/OH reduced their investment in NYSE:GS by 18,098 shares. The trade had a 0.88% impact on the equity portfolio. During the quarter, the stock traded for an average price of $311.64.
On 07/27/2022, The Goldman Sachs Group Inc traded for a price of $324.54 per share and a market cap of $111.46Bil. The stock has returned -11.28% over the past year.
GuruFocus gives the company a financial strength rating of 3 out of 10 and a profitability rating of 6 out of 10.
In terms of valuation, The Goldman Sachs Group Inc has a price-earnings ratio of 7.35, a price-book ratio of 0.94, a price-earnings-to-growth (PEG) ratio of 0.81 and a price-sales ratio of 2.28.
The price-to-GF Value ratio is 0.99, earning the stock a GF Value rank of 5.
Church & Dwight Co Inc
During the quarter, NORTH POINT PORTFOLIO MANAGERS CORP/OH bought 49,746 shares of NYSE:CHD for a total holding of 176,595. The trade had a 0.81% impact on the equity portfolio. During the quarter, the stock traded for an average price of $94.54.
On 07/27/2022, Church & Dwight Co Inc traded for a price of $94.46 per share and a market cap of $22.93Bil. The stock has returned 9.70% over the past year.
GuruFocus gives the company a financial strength rating of 6 out of 10 and a profitability rating of 10 out of 10.
In terms of valuation, Church & Dwight Co Inc has a price-earnings ratio of 28.97, a price-book ratio of 6.71, a price-earnings-to-growth (PEG) ratio of 2.68, a EV-to-Ebitda ratio of 19.63 and a price-sales ratio of 4.48.
The price-to-GF Value ratio is 0.98, earning the stock a GF Value rank of 6.
Accenture PLC
NORTH POINT PORTFOLIO MANAGERS CORP/OH reduced their investment in NYSE:ACN by 1,166 shares. The trade had a 0.06% impact on the equity portfolio. During the quarter, the stock traded for an average price of $301.06.
On 07/27/2022, Accenture PLC traded for a price of $297.53 per share and a market cap of $188.20Bil. The stock has returned -5.78% over the past year.
GuruFocus gives the company a financial strength rating of 8 out of 10 and a profitability rating of 10 out of 10.
In terms of valuation, Accenture PLC has a price-earnings ratio of 28.86, a price-book ratio of 8.79, a price-earnings-to-growth (PEG) ratio of 2.53, a EV-to-Ebitda ratio of 16.90 and a price-sales ratio of 3.22.
The price-to-GF Value ratio is 0.91, earning the stock a GF Value rank of 7.
Costco Wholesale Corp
NORTH POINT PORTFOLIO MANAGERS CORP/OH reduced their investment in NAS:COST by 728 shares. The trade had a 0.06% impact on the equity portfolio. During the quarter, the stock traded for an average price of $508.38.
On 07/27/2022, Costco Wholesale Corp traded for a price of $522.31 per share and a market cap of $231.36Bil. The stock has returned 23.86% over the past year.
GuruFocus gives the company a financial strength rating of 8 out of 10 and a profitability rating of 9 out of 10.
In terms of valuation, Costco Wholesale Corp has a price-earnings ratio of 41.13, a price-book ratio of 11.59, a price-earnings-to-growth (PEG) ratio of 3.92, a EV-to-Ebitda ratio of 23.70 and a price-sales ratio of 1.07.
The price-to-GF Value ratio is 1.11, earning the stock a GF Value rank of 3.
Danaher Corp
NORTH POINT PORTFOLIO MANAGERS CORP/OH reduced their investment in NYSE:DHR by 1,336 shares. The trade had a 0.06% impact on the equity portfolio. During the quarter, the stock traded for an average price of $260.33.
On 07/27/2022, Danaher Corp traded for a price of $280.05 per share and a market cap of $203.72Bil. The stock has returned -3.31% over the past year.
GuruFocus gives the company a financial strength rating of 7 out of 10 and a profitability rating of 8 out of 10.
In terms of valuation, Danaher Corp has a price-earnings ratio of 32.99, a price-book ratio of 4.52, a price-earnings-to-growth (PEG) ratio of 1.75, a EV-to-Ebitda ratio of 21.89 and a price-sales ratio of 6.69.
The price-to-GF Value ratio is 0.91, earning the stock a GF Value rank of 7.
Please note, the numbers and facts quoted are as of the writing of this article and may not factor in the latest trading data or company announcements.
Want to provide feedback on this article? Have questions or concerns? Get in touch with us here, or email us at [email protected]!
This article is general in nature and does not represent the opinions of GuruFocus or any of its affiliates. This article is not intended to be financial advice, nor does it constitute investment advice or recommendations. It was written without regard to your individual situation or financial goals. We aim to bring you fundamental, data-driven analysis, The information on this site is in no way guaranteed for completeness, accuracy or in any other way. | https://www.gurufocus.com/news/1837106/north-point-portfolio-managers-corpoh-buys-1-sells-4-in-2nd-quarter | 2022-07-27T22:19:18Z | https://www.gurufocus.com/news/1837106/north-point-portfolio-managers-corpoh-buys-1-sells-4-in-2nd-quarter | false | 6 |
ELGIN, Ill. (AP) _ Heritage-Crystal Clean Inc. (HCCI) on Wednesday reported second-quarter earnings of $21.1 million.
On a per-share basis, the Elgin, Illinois-based company said it had net income of 89 cents. Earnings, adjusted for non-recurring costs, came to 97 cents per share.
The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 50 cents per share.
The cleaning and waste-management company posted revenue of $156.6 million in the period, also exceeding Street forecasts. Three analysts surveyed by Zacks expected $140.2 million.
_____
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on HCCI at https://www.zacks.com/ap/HCCI | https://www.stamfordadvocate.com/business/article/Heritage-Crystal-Clean-Q2-Earnings-Snapshot-17333496.php | 2022-07-27T22:22:41Z | https://www.stamfordadvocate.com/business/article/Heritage-Crystal-Clean-Q2-Earnings-Snapshot-17333496.php | true | null |
Pocatello hosts POW*MIA Awareness Association Rally and Motorcycle Rodeo
POCATELLO, Idaho (KIFI) – The Pocatello POW*MIA Awareness Association is hosting its 22nd Annual Awareness Rally & Motorcycle...
www.kidnewsradio.comPOCATELLO, Idaho (KIFI) – The Pocatello POW*MIA Awareness Association is hosting its 22nd Annual Awareness Rally & Motorcycle...
www.kidnewsradio.com | https://www.newsbreak.com/news/2676855455396/pocatello-hosts-pow-mia-awareness-association-rally-and-motorcycle-rodeo | 2022-07-27T22:25:54Z | https://www.newsbreak.com/news/2676855455396/pocatello-hosts-pow-mia-awareness-association-rally-and-motorcycle-rodeo | false | null |
The chef's mother, Susan, confirmed to the Miami Heraldthat he died of a heart attack on July 22. "I am just finding out how many lives he touched," she said. "He was married to his passion in life, which was his cooking."
Kleinberg appeared on season three of the cooking competition series, finishing in seventh place. During his time on the show, he had a memorable exchange with the late Anthony Bourdain, as seen in the 02:55 mark in the clip below. After being criticized on timeliness and a sense of urgency in the restaurant industry, Kleinberg fired back with an anecdote from Bourdain's own book about getting a dish right at all costs. "That's not fair," Bourdain quipped with a laugh.
After his turn on the Bravo series, the Florida native opened the restaurant Bulldog BBQ in Miami. According to his obituary, Kleinberg went on to pursue more fine dining options and participated annually in the South Beach Wine and Food Festival.
A dog lover, Kleinberg is survived by his beloved dog, Skye, and his family asks that donations be made to the rescue organization Bullies-N-Beyond in his memory.
RELATED CONTENT: | https://www.whas11.com/article/entertainment/entertainment-tonight/howie-kleinberg-top-chef-alum-dead-at-46/603-6bebe342-b3c2-42f9-b36a-1f440572eebc | 2022-07-27T22:32:49Z | https://www.whas11.com/article/entertainment/entertainment-tonight/howie-kleinberg-top-chef-alum-dead-at-46/603-6bebe342-b3c2-42f9-b36a-1f440572eebc | true | 10 |
North American Construction Group Ltd. Announces Results for the Second Quarter Ended June 30, 2022
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- NOA
ACHESON, Alberta, July 27, 2022 (GLOBE NEWSWIRE) -- North American Construction Group Ltd. (“NACG”) (TSX:NOA/NYSE:NOA) today announced results for the second quarter ended June 30, 2022. Unless otherwise indicated, financial figures are expressed in Canadian dollars, and comparisons are to the prior period ended June 30, 2021.
Second Quarter 2022 Highlights:
Revenue was $168.0 million, up from $139.3 million in the same period last year. The majority of this quarter-over-quarter positive variance was based on a full quarter of operations at the Fort Hills mine. In addition, DGI Trading Pty Ltd ("DGI"), acquired in Q3 2021, and sales of ultra-class trucks generated positive variances. Top-line revenue was again impacted by shortages in heavy equipment technicians required to maintain the equipment which is directly correlated to equipment availability and utilization.
Combined revenue of $228.0 million represented a $52.0 million (or 30%) increase as our share of revenue generated in Q2 2022 by joint ventures and affiliates was $59.9 million compared to $36.6 million in Q2 2021. Nuna Group of Companies achieved another strong quarter driven by activity at the gold mine in Northern Ontario while the Mikisew North American Limited Partnership ultra-class haul trucks and the joint ventures dedicated to the Fargo-Moorhead flood diversion project were the drivers of quarter-over-quarter improvements.
Adjusted EBITDA of $41.6 million represents a $0.7 million decrease over the prior year and reflects difficult operating challenges primarily related to the aforementioned vacancies of heavy equipment technician roles. Other challenges were primarily related to inflation including i) higher costs experienced on site from supplier and vendor price increases and ii) the delayed timing impact of equipment rate escalations which lag based on published index values. When comparing to Q2 2021, the Canadian Emergency Wage Subsidy ("CEWS") program, which concluded in Q4 2021, was a factor in quarter-over-quarter margin comparisons. Slightly offsetting the challenges in the quarter were the strong margins realized from parts and component sales made by DGI as well as the profitable sales of ultra-class trucks made during the quarter.
Gross profit was $12.4 million with a 7.4% gross profit margin, down from gross profit of $14.5 million and 10.4% gross profit margin in the same period last year. The primary drivers of this negative variance were the aforementioned operational impacts related to shortages in heavy equipment technicians, the inflation drivers discussed above and the discontinued CEWS program.
Free cash flow ("FCF") in the quarter was positive $10.4 million as adjusted EBITDA generated $41.6 million, detailed above, and when netted against sustaining capital additions ($22.3 million) and cash interest paid ($5.8 million) produced positive cash of $13.5 million and translated well into overall free cash flow.
On April 6, 2022, we announced a Normal Course Issuer Bid ("NCIB") to purchase, for cancellation, up to 2,113,054 common shares. This represented approximately 7.1% of the issued and outstanding common shares as of March 31, 2022. This NCIB commenced on April 11, 2022 and will terminate no later than April 10, 2023.
NACG President and CEO, Joe Lambert, commented: "Despite the growth we experienced in revenue, the second quarter of 2022 was challenging for our organization as we battled several factors outside of our direct control. In response, we have been busy executing our mitigation plans and are witnessing results starting in late Q2 in reduced skilled trade vacancies and improved equipment utilization."
Mr. Lambert added: "We are confident in our long-standing customer relationships and the skills of our corporate and operations teams to progress through these near-term inflationary pressures and skilled labour shortages to achieve prompt, effective outcomes. We are likewise confident and excited for the future based on our backlog, bid pipeline, growing industry and indigenous partnerships, commodity and geographic diversification, commitment to safety, and ingrained low-cost culture."
Consolidated Financial Highlights
(i)See "Non-GAAP Financial Measures".
(ii)Adjusted EBITDA margin is calculated using adjusted EBITDA over total combined revenue.
(iii)The prior year amounts are adjusted to reflect a change in accounting policy. See "Accounting Estimates, Pronouncements and Measures".
(i)See "Non-GAAP Financial Measures".
Declaration of Quarterly Dividend
On July 26th, 2022, the NACG Board of Directors declared a regular quarterly dividend (the “Dividend”) of eight Canadian cents ($0.08) per common share, payable to common shareholders of record at the close of business on August 31, 2022. The Dividend will be paid on October 7, 2022 and is an eligible dividend for Canadian income tax purposes.
Financial Results for the Three Months Ended June 30, 2022
Revenue of $168.0 million represented a $28.7 million (or 21%) increase from Q2 2021. The remobilization of fleet at the Fort Hills mine and revenue earned by DGI Trading Pty Ltd. ("DGI"), which was acquired on July 1, 2021, were the primary drivers of the quarter-over-quarter increase. A secondary driver which contributed approximately 5% of the overall positive variance was the sale of rebuilt ultra-class trucks to the Mikisew North American Limited Partnership ("MNALP") that took place during the quarter. Operating utilization in the quarter of 59% was higher than Q2 2021 of 52% but lower than management expectation. It is estimated again that between $15 and $20 million of revenue in the quarter was deferred as a result of heavy equipment technician vacancies which was the key factor among many in the overall equipment utilization achieved in the quarter.
Combined revenue of $228.0 million represented a $52.0 million (or 30%) increase from Q2 2021. Our share of revenue generated in Q2 2022 by joint ventures and affiliates was $59.9 million compared to $36.6 million in Q2 2021 (an increase of 64%). Nuna Group of Companies again achieved another strong quarter of top-line performance driven by the activity at the gold mine in Northern Ontario and was the primary driver of the increase. Secondary drivers of the increase in combined revenue include: i) the top-line revenue impacts the rebuilt ultra-class haul trucks now owned by MNALP, ii) the increasing throughput of the component rebuild programs managed and performed by the Brake Supply North American joint venture, and lastly iii) the recently formed joint ventures dedicated to the Fargo-Moorhead flood diversion project. The ground-breaking ceremony is scheduled for early August and initial earthworks in the Fargo-Moorhead region is scheduled to commence in mid to late Q3 2022.
Adjusted EBITDA of $41.6 million was a decrease from the Q2 2021 result of $42.4 million reflecting difficult and problematic operating challenges in the quarter primarily related to the aforementioned vacancies of heavy equipment technician roles. Adjusted EBITDA margin of 18.3% reflected these challenges along with inflation drivers including i) higher costs experienced on site from supplier & vendor price increases and ii) the delayed timing impact of equipment rate escalations which lag based on published index values. When comparing to Q2 2021, the Canadian Emergency Wage Subsidy ("CEWS") program, which concluded in Q4 2021, was a factor in quarter-over-quarter comparisons. Slightly offsetting these margins challenges in the quarter were the higher margins realized from parts and component sales made by DGI as well as the profitable sales of ultra-class trucks made during the quarter.
General and administrative expenses (excluding stock-based compensation) were $6.9 million, or 4.1% of revenue, compared to $6.0 million, or 4.3% of revenue and were considered stable for the quarter. Cash related interest expense for the quarter was $5.3 million at an average cost of debt of 5.2% compared to 4.0% in Q2 2021 as posted interest rates have increased noticeably over the past twelve months.
Adjusted EPS of $0.17 on adjusted net earnings of $4.7 million is 45% down from the prior year figure of $0.31 and is correlated with adjusted EBITDA performance as depreciation, tax and interest tracked as expected. Weighted-average common shares outstanding for the second quarters of 2022 and 2021 were stable at 27,968,510 and 28,077,514, respectively, as the majority of share cancellations in Q2 2022 occurred late in the quarter. For reference, the quarter ended with 27,314,372 common shares issued and outstanding.
Free cash flow was $10.4 million in the quarter as adjusted EBITDA generated $41.6 million, detailed above, and when netted against sustaining capital additions ($22.3 million) and cash interest paid ($5.8 million) produced positive cash of $13.5 million and translated well into overall free cash flow. Changes in working capital balances as well as the cash managed within the various joint venture did not have a significant overall impact in the quarter. That said, the ultra-class rebuild program notably reduced work-in-progress inventories by $9.7 million in the quarter as commissioning and sale of certain units occurred during the second quarter.
BUSINESS UPDATES
Focus & Priorities for the Remainder of 2022
Safety - Focus on people and relationships, maintain an uncompromising commitment to health and safety while elevating the standard of excellence in the field.
Sustainability - Commitment to the continued development of sustainability targets and constant measurement of progress to those targets.
Diversification - Continue to pursue diversification of customer, resource and geography through strategic partnerships, industry expertise and our investment in Nuna.
Execution - Enhancement of operational excellence in fleet utilization and maintenance through reliability programs and technical improvements. For the remainder of 2022, we have specifically prioritized the:
Sourcing and staffing of our critical heavy equipment technician roles and
Focused attention on contract administration during these times of high inflation and cost escalation.
Normal Course Issuer Bid ("NCIB")
On April 6, 2022, we announced a NCIB to purchase, for cancellation, up to 2,113,054 of our voting common shares, representing 10.0% of our public float and 7.1% of our issued and outstanding common shares as of March 31, 2022. In order to comply with applicable securities laws, we can purchase a maximum of 1,498,716 common shares (or approximately 5.0% of the issued and outstanding voting common shares) on the NYSE and alternative trading systems. This NCIB commenced on April 11, 2022 and will terminate no later than April 10, 2023.
Liquidity
(i)See "Non-GAAP Financial Measures".
NACG’s Outlook for 2022
Given our visibility into the remainder of 2022, management has decided to provide stakeholders with guidance through 2022. This guidance is predicated on contracts currently in place and the heavy equipment fleet that we own and operate.
Conference Call and Webcast
Management will hold a conference call and webcast to discuss our financial results for the quarter ended June 30, 2022 tomorrow, Thursday, July 28, 2022 at 7:00 am Mountain Time (9:00 am Eastern Time).
The call can be accessed by dialing:
Toll free: 1-888-396-8049
Conference ID: 82943569
A replay will be available through August 28, 2022, by dialing:
Toll Free: 1-877-674-7070
Conference ID: 82943569
The Q2 2022 earnings presentation for the webcast will be available for download on the company’s website at www.nacg.ca/presentations/
The live presentation and webcast can be accessed at:
https://app.webinar.net/QZ8arRAxJqe
A replay will be available until August 28, 2022 using the link provided.
Basis of Presentation
We have prepared our consolidated financial statements in conformity with accounting principles generally accepted in the United States ("US GAAP"). Unless otherwise specified, all dollar amounts discussed are in Canadian dollars. Please see the Management’s Discussion and Analysis (“MD&A”) for the quarter ended June 30, 2022 for further detail on the matters discussed in this release. In addition to the MD&A, please reference the dedicated Q2 2022 Results Presentation for more information on our results and projections which can be found on our website under Investors - Presentations.
Forward-Looking Information
The information provided in this release contains forward-looking statements. Forward-looking statements include statements preceded by, followed by or that include the words “anticipate”, “believe”, “expect”, “should” or similar expressions.
The material factors or assumptions used to develop the above forward-looking statements and the risks and uncertainties to which such forward-looking statements are subject, are highlighted in the MD&A for the three and six months ended June 30, 2022. Actual results could differ materially from those contemplated by such forward-looking statements because of any number of factors and uncertainties, many of which are beyond NACG’s control. Undue reliance should not be placed upon forward-looking statements and NACG undertakes no obligation, other than those required by applicable law, to update or revise those statements. For more complete information about NACG, please read our disclosure documents filed with the SEC and the CSA. These free documents can be obtained by visiting EDGAR on the SEC website at www.sec.gov or on the CSA website at www.sedar.com.
Non-GAAP Financial Measures
This press release presents certain non-GAAP financial measures because management believes that they may be useful to investors in analyzing our business performance, leverage and liquidity. The non-GAAP financial measures we present include "gross profit", "adjusted net earnings", "adjusted EBIT", "equity investment EBIT", "adjusted EBITDA", "equity investment depreciation and amortization", "adjusted EPS", "margin", "liquidity", "net debt", "senior debt", "sustaining capital", "growth capital", "cash provided by operating activities prior to change in working capital" and "free cash flow". A non-GAAP financial measure is defined by relevant regulatory authorities as a numerical measure of an issuer's historical or future financial performance, financial position or cash flow that is not specified, defined or determined under the issuer’s GAAP and that is not presented in an issuer’s financial statements. These non-GAAP measures do not have any standardized meaning and therefore are unlikely to be comparable to similar measures presented by other companies. They should not be considered in isolation or as a substitute for measures of performance prepared in accordance with GAAP. Each non-GAAP financial measure used in this press release is defined and reconciled to its most directly comparable GAAP measure in the “Non-GAAP Financial Measures” section of our Management’s Discussion and Analysis filed concurrently with this press release.
Reconciliation of total reported revenue to total combined revenue
(i)See "Non-GAAP Financial Measures".
(ii)The prior year amounts are adjusted to reflect a change in accounting policy. See "Accounting Estimates, Pronouncements and Measures".
A reconciliation of net income to adjusted net earnings, adjusted EBIT and adjusted EBITDA is as follows:
(i)See "Non-GAAP Financial Measures".
(ii)The prior year amounts are adjusted to reflect a change in accounting policy. See "Accounting Estimates, Pronouncement and Measures".
A reconciliation of equity earnings in affiliates and joint ventures to equity investment EBIT is as follows:
(i)See "Non-GAAP Financial Measures".
(ii)The prior year amounts are adjusted to reflect a change in accounting policy. See "Accounting Estimates, Pronouncements and Measures".
About the Company
North American Construction Group Ltd. (www.nacg.ca) is one of Canada’s largest providers of heavy civil construction and mining contractors. For more than 65 years, NACG has provided services to large oil, natural gas and resource companies.
For further information contact:
Jason Veenstra, CPA, CA
Chief Financial Officer
North American Construction Group Ltd.
(780) 960-7171
IR@nacg.ca
www.nacg.ca
Interim Consolidated Balance Sheets
(Expressed in thousands of Canadian Dollars)
(Unaudited)
See accompanying notes to interim consolidated financial statements.
Interim Consolidated Statements of Operations and
Comprehensive Income
(Expressed in thousands of Canadian Dollars, except per share amounts)
(Unaudited)
See accompanying notes to interim consolidated financial statements. | https://finance.yahoo.com/news/north-american-construction-group-ltd-210500185.html | 2022-07-27T22:33:51Z | https://finance.yahoo.com/news/north-american-construction-group-ltd-210500185.html | true | 4 |
STROUDSBURG, Pa. (AP) _ Essa Bancorp Inc. (ESSA) on Wednesday reported fiscal third-quarter earnings of $5 million.
On a per-share basis, the Stroudsburg, Pennsylvania-based company said it had profit of 51 cents.
The bank posted revenue of $17.6 million in the period. Its adjusted revenue was $17.1 million.
_____
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ESSA at https://www.zacks.com/ap/ESSA | https://www.greenwichtime.com/business/article/Essa-Bancorp-Fiscal-Q3-Earnings-Snapshot-17333540.php | 2022-07-27T22:35:16Z | https://www.greenwichtime.com/business/article/Essa-Bancorp-Fiscal-Q3-Earnings-Snapshot-17333540.php | true | null |
What Else Can We Call Michigan’s Eastern Coastline Besides the “Thumbcoast”?
I promise you I was born and raised in Michigan, but how is it I've lived my entire 33 years without ever having heard the term "Thumbcoast"? Referring to the shoreline over on the east side of the state along Michigan's "Thumb" to Saginaw Bay, I understand how the term came...
thegame730am.com | https://www.newsbreak.com/news/2676949598330/what-else-can-we-call-michigan-s-eastern-coastline-besides-the-thumbcoast | 2022-07-27T22:35:24Z | https://www.newsbreak.com/news/2676949598330/what-else-can-we-call-michigan-s-eastern-coastline-besides-the-thumbcoast | true | null |
Hello There!
Consider a scenario - a lone Data Scientist works away at her system trying to wade through a huge amount of data; cleaning, sorting, processing, and then building a model to run prediction on the newly processed data. The scientist has a bunch of tools at her disposal - Jupyter Notebooks, Airflow, Anaconda, Pandas, data storage, and a cloud virtual machine.
She trains it for hours and hours, only to fall short of perfection - the model doesn’t perform as well as it should have. She looks out the window - it’s nightfall already. She has yet to test her model with a different set of parameters and track a set of different metrics of her experiments.
She switches off her system, calls it a day, and will try the next day with another model, a different approach with a bunch of new data and parameters. This is a long process that might stretch for days…weeks…and months.
It is difficult to jump back to a point when she had tried a specific combination of parameters for the experiment, knowledge is sometimes lost, as all the experiments and every artifact related to the model might not be saved. Tracking is crucial for the improvement of the ML model.
I think this lone ranger scenario can be avoided if we had a comprehensive IDE-style environment where we can run multiple experiments, do data management, and track our code, experiment metrics, plots, model, and data artifacts as well. How cool would that be?
Sounds too good to be true, but this is what DVC VSCode Extension is attempting to do.
DVC is an excellent tool to track your experiments, models, and related artifacts, but it’s a CLI - which many in the data science community might not be comfortable or familiar with.
Gone are the days when you had to learn a bunch of pesky CLI commands like this:
Using DVC got a whole lot easier and more fun.
Iterative Team brings you a VS Code extension that combines the power of DVC CLI commands for data management, versioning, and experimentation with the sleek elegant coding experience of Visual Studio Code IDE.
The extension in its current form provides you with the following features:
Integrated into VS Code command palette menu. Press F1 to open the palette and type DVC to view a whole bunch of DVC-related commands at your disposal.
Gives you an in-depth view of the experiments run in the workspace. The equivalent of the command dvc exp show
in the CLI mode.
You can view the plots generated by the experiment run in the workspace. Can compare the plots of different experiments. Even view the plots updated in real-time.
You can check the status of the workspace using this feature. You can dvc checkout
, dvc commit
, dvc add
, dvc push
& dvc pull
from this view.
A small window for tracking your resources in the workspace. From here you can perform file actions, push
& pull
specific resources and manage the data within tracked datasets.
The View Container can be activated by clicking the DVC icon in VS Code icon bar. It gives general information about the experiments and resources in the workspace.
Here are some advantages compared to CLI alone when you use the extension:
Using the DVC Extension can be summarized into 4 steps
Make sure you have DVC installed on your system. You can run the following command in your terminal:
$ pip3 install dvc
Or you can follow the guide given here for OS-specific installation.
Go to VS Code and in the extension menu, search for DVC. Click Install.
https://www.youtube.com/watch?v=INjOkuanRpc
Now you have the DVC extension ready to go. To get familiar with the usage of the extension we will download a sample ML project
You can download the sample project from the repo. Open the folder in VS Code. The DVC extension should detect the DVC binary and the python environment.
If you have a specific environment you can press F1 and select DVC: Setup The Workspace
Provide the compiler path and the python environment binary path.
You can view the DVC experiments in the current workspace in the DVC view container tab.
To begin our experimentation, we need to pull the data. Press F1 to open VS Code command palette and select DVC: Pull
You can view the output by selecting DVC: Show DVC Output
Note: As of now the team is still working on the DVC remote storage option in the VS Code plugin, you will have to set your storage remote via command line or config file
You can change the parameters in the params.yaml
file and select DVC: Modify Experiment Param(s),Rest and Run
in the VS Code command palette.
https://www.youtube.com/watch?v=buuoKsGZvvo
You can check your experiments and view the plotted graphs using the extension as well.
And the cherry on top is that the extension allows you to cherry-pick your experiments. Pun Intended!
https://www.youtube.com/watch?v=N0VdjyQCo3Q
That’s not all, you can run individual experiments and change specific parameters.
If you wish to view your graphs live, for experiments that take a lot of time - say a DL model maybe with a lot of epochs.
You can view them in real-time as well. Just run your experiment and click on the plots button in the DVC tray.
https://www.youtube.com/watch?v=ov5ScDPV6Rw
When all is well and done, you can commit and push your changes as well.
The Iterative team is going to add more exciting features to the extension soon. Stay tuned.
Don’t let us keep you, go ahead and start experimenting. Happy DVC time!
As an ML Ops practitioner, I deal with various challenges when working with different data science teams. There are various tools available in the market - both paid and open-source. I tend to lean towards open-source tools, as there is a kinship with a community that is actively helping out strangers across the world solve similar problems.
This approach is of great significance for the ML community as we are still in the adoption stage where a good tool can help your solve your problems faster and with more confidence. A centralized tool integrated with multiple stages of the ML pipeline goes a long way in helping the data science teams solve problems; they can focus more on the model improvement than on the infrastructure and setups - this is what drew me to the DVC tool.
A shout out to the team at Iterative for creating this wonderful extension, hoping to see more magic in the future. | https://hackernoon.com/a-new-hope-for-ml-experimentation | 2022-07-27T22:35:43Z | https://hackernoon.com/a-new-hope-for-ml-experimentation | false | 1 |
STROUDSBURG, Pa. (AP) _ Essa Bancorp Inc. (ESSA) on Wednesday reported fiscal third-quarter earnings of $5 million.
On a per-share basis, the Stroudsburg, Pennsylvania-based company said it had profit of 51 cents.
The bank posted revenue of $17.6 million in the period. Its adjusted revenue was $17.1 million.
_____
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ESSA at https://www.zacks.com/ap/ESSA | https://www.middletownpress.com/business/article/Essa-Bancorp-Fiscal-Q3-Earnings-Snapshot-17333540.php | 2022-07-27T22:36:35Z | https://www.middletownpress.com/business/article/Essa-Bancorp-Fiscal-Q3-Earnings-Snapshot-17333540.php | false | null |
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Make 30 Photos - snail's eye view.
6th July 2022
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365 Project
close | https://365project.org/la_photographic/365/2022-07-06 | 2022-07-27T22:38:50Z | https://365project.org/la_photographic/365/2022-07-06 | true | null |
Westbound I-10 closed between US 60 and State Route 143 this weekend (July 29-Aug. 1)
PHOENIX –The Arizona Department of Transportation advises motorists to allow extra travel time and plan to use detours if they’re traveling on Interstate 10 in the East Valley and near Phoenix Sky Harbor International Airport this weekend. Westbound Interstate 10 will be closed between US 60 and SR 143 from 10 p.m. Friday, July 29, to 4 a.m. Monday, Aug. 1, as crews continue to work on the new Broadway Road bridge as part of the Interstate 10 Broadway Curve Improvement Project.
This closure is one in a series of planned weekend closures this summer and fall as crews make significant progress on the construction of the new Broadway Road and 48th street bridges.
The following ramps will also be closed:
- The ramps to westbound I-10 from westbound US 60 and southbound SR 143.
- The westbound I-10 on-ramps between Elliot and Broadway roads.
- The westbound US 60 on-ramps between McClintock Drive and Mill Avenue.
Detour: Use eastbound Loop 202 (Santan Freeway) or US 60 to northbound Loop 101 (Price Freeway) to westbound Loop 202 (Red Mountain Freeway) to access westbound I-10. Drivers heading to the West Valley can bypass the work zone by using Loop 202 (South Mountain) west and north to connect with I-10 at 59th Avenue.
Sky Harbor International Airport traffic: Motorists traveling to Phoenix Sky Harbor International Airport should allow extra travel time and use the Sky Harbor Boulevard entrance from Loop 202 (Red Mountain Freeway).
To view images of the on-going construction work for the I-10 Broadway Curve Improvement Project, visit the Flickr album here.
###
The I-10 Broadway Curve Improvement Project is identified in the Maricopa Association of Governments’ Regional Transportation Plan, funded by a half-cent sales tax approved by Maricopa County voters in 2004 through Proposition 400. MAG identified the need for this project to reduce travel times on I-10 during peak hours; improve airport access; support ridesharing and transit; and prepare the region for future growth projections. Learn more about the major improvements here. | https://www.einpresswire.com/article/583304532/westbound-i-10-closed-between-us-60-and-state-route-143-this-weekend-july-29-aug-1 | 2022-07-27T22:40:09Z | https://www.einpresswire.com/article/583304532/westbound-i-10-closed-between-us-60-and-state-route-143-this-weekend-july-29-aug-1 | true | 2 |
RUSTON, La. (AP) _ Origin Bancorp Inc. (OBNK) on Wednesday reported net income of $21.3 million in its second quarter.
The Ruston, Louisiana-based bank said it had earnings of 90 cents per share.
The bank holding company posted revenue of $80 million in the period. Its revenue net of interest expense was $73.7 million, which beat Street forecasts.
_____
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on OBNK at https://www.zacks.com/ap/OBNK | https://www.middletownpress.com/business/article/Origin-Bancorp-Q2-Earnings-Snapshot-17333336.php | 2022-07-27T22:40:48Z | https://www.middletownpress.com/business/article/Origin-Bancorp-Q2-Earnings-Snapshot-17333336.php | true | null |
The Kwai, a 140-foot cargo ship, just made a 45-day round trip from Hawaii and back. It's load? About 96 tons of trash from a floating garbage patch the size of Texas.
Copyright 2022 NPR
The Kwai, a 140-foot cargo ship, just made a 45-day round trip from Hawaii and back. It's load? About 96 tons of trash from a floating garbage patch the size of Texas.
Copyright 2022 NPR | https://www.whqr.org/national/national/2022-07-27/cleaning-a-great-floating-garbage-patch-the-size-of-texas | 2022-07-27T22:44:31Z | https://www.whqr.org/national/national/2022-07-27/cleaning-a-great-floating-garbage-patch-the-size-of-texas | false | null |
WFO EUREKA Warnings, Watches and Advisories for Friday, July 29, 2022
_____
EXCESSIVE HEAT WARNING
URGENT - WEATHER MESSAGE
National Weather Service Eureka CA
311 PM PDT Wed Jul 27 2022
...EXCESSIVE HEAT WARNING REMAINS IN EFFECT FROM NOON THURSDAY TO
9 PM PDT FRIDAY...
* WHAT...Dangerously hot conditions with temperatures up to 115
expected.
* WHERE...Southern Trinity and Northern Trinity Counties.
* WHEN...From noon Thursday to 9 PM PDT Friday.
* IMPACTS...Extreme heat will significantly increase the
potential for heat related illnesses, particularly for those
working or participating in outdoor activities.
PRECAUTIONARY/PREPAREDNESS ACTIONS...
Drink plenty of fluids, stay in an air-conditioned room, stay out
of the sun, and check up on relatives and neighbors. Young
children and pets should never be left unattended in vehicles
under any circumstances.
Take extra precautions if you work or spend time outside. When
possible reschedule strenuous activities to early morning or
evening. Know the signs and symptoms of heat exhaustion and heat
stroke. Wear lightweight and loose fitting clothing when
possible. To reduce risk during outdoor work, the Occupational
Safety and Health Administration recommends scheduling frequent
rest breaks in shaded or air conditioned environments. Anyone
overcome by heat should be moved to a cool and shaded location.
Heat stroke is an emergency! Call 9 1 1.
_____
Copyright 2022 AccuWeather | https://www.chron.com/weather/article/CA-WFO-EUREKA-Warnings-Watches-and-Advisories-17333574.php | 2022-07-27T22:45:42Z | https://www.chron.com/weather/article/CA-WFO-EUREKA-Warnings-Watches-and-Advisories-17333574.php | true | 6451 |
E_Coleman (3). DP_Los Angeles 0, Kansas City 2. LOB_Los Angeles 6, Kansas City 8. 2B_Suzuki (4), Melendez (12). 3B_Gosselin (1), Marsh (2). SB_Marsh (8).
Junk pitched to 1 batter in the 6th, Keller pitched to 1 batter in the 7th.
Umpires_Home, Ryan Blakney; First, Charlie Ramos; Second, Adrian Johnson; Third, John Tumpane.
T_2:48. A_12,596 (37,903). | https://www.middletownpress.com/sports/article/L-A-Angels-4-Kansas-City-0-17333372.php | 2022-07-27T22:47:06Z | https://www.middletownpress.com/sports/article/L-A-Angels-4-Kansas-City-0-17333372.php | true | null |
Baker Ellis Asset Management LLC trimmed its stake in shares of Vanguard Short-Term Bond ETF (NYSEARCA:BSV – Get Rating) by 15.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 7,700 shares of the company’s stock after selling 1,400 shares during the quarter. Baker Ellis Asset Management LLC’s holdings in Vanguard Short-Term Bond ETF were worth $600,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors also recently added to or reduced their stakes in BSV. KRS Capital Management LLC bought a new position in shares of Vanguard Short-Term Bond ETF in the fourth quarter valued at approximately $25,000. Arrow Financial Corp bought a new position in Vanguard Short-Term Bond ETF in the 1st quarter worth approximately $25,000. Joseph P. Lucia & Associates LLC bought a new position in Vanguard Short-Term Bond ETF in the 1st quarter worth approximately $36,000. Regency Capital Management Inc. DE bought a new position in Vanguard Short-Term Bond ETF in the 4th quarter worth approximately $44,000. Finally, GHP Investment Advisors Inc. bought a new position in Vanguard Short-Term Bond ETF in the 1st quarter worth approximately $47,000.
Vanguard Short-Term Bond ETF Stock Performance
BSV stock opened at $77.03 on Wednesday. The company has a 50 day moving average price of $76.84 and a 200 day moving average price of $77.95. Vanguard Short-Term Bond ETF has a fifty-two week low of $75.65 and a fifty-two week high of $82.45.
About Vanguard Short-Term Bond ETF
Vanguard Short-Term Bond ETF (the Fund) seeks to track the performance of a market-weighted bond index with a short-term, dollar-weighted average maturity. The Fund employs a passive management or indexing strategy designed to track the performance of the Barclays Capital U.S. 1-5 Year Government/Credit Bond Index (the Index).
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Receive News & Ratings for Vanguard Short-Term Bond ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Vanguard Short-Term Bond ETF and related companies with MarketBeat.com's FREE daily email newsletter. | https://www.wkrb13.com/2022/07/27/baker-ellis-asset-management-llc-has-600000-stock-position-in-vanguard-short-term-bond-etf-nysearcabsv.html | 2022-07-27T22:47:51Z | https://www.wkrb13.com/2022/07/27/baker-ellis-asset-management-llc-has-600000-stock-position-in-vanguard-short-term-bond-etf-nysearcabsv.html | true | 3 |
Shawn Mendes has pulled the plug on the rest of his world tour, cancelling dates in North America and Europe so he can focus on his mental health.
“I was not at all ready for how difficult touring would be after this time away,” the singer-songwriter posted on social media Wednesday.
“After speaking more with my team and working with an incredible group of health professionals, it has become more clear that I need to take the time I’ve never taken personally, to ground myself and come back stronger.”
Mendes has had six top 10 hits on the Billboard Hot 100, including “There’s Nothing Holdin’ Me Back,” “If I Can’t Have You” and “Senorita” with his ex-girlfriend Camila Cabello.
Mendes kicked off his world tour in support of his album “Wonder” in June, but earlier this month said he needed to take a three-week break. That break, which included the postponement of a date in D.C., has now stretched into the whole tour.
Mendes said he had been “hopeful that I might be able to pick up with the rest of the dates after some much needed time off,” but said that “at this time I have to put my health as my first priority.”
The singer-songwriter assured fans he will continue to make music and will tour in the future. “I promise I will be back as soon as I’ve taken the right time to heal,” he wrote.
Copyright © 2022 The Associated Press. All rights reserved. This material may not be published, broadcast, written or redistributed. | https://wtop.com/music/2022/07/shawn-mendes-cancels-world-tour-to-prioritize-his-health/ | 2022-07-27T22:48:35Z | https://wtop.com/music/2022/07/shawn-mendes-cancels-world-tour-to-prioritize-his-health/ | true | 3 |
GRAND FORKS, N.D. (AP) _ Alerus Financial Corporation (ALRS) on Wednesday reported second-quarter profit of $9.3 million.
On a per-share basis, the Grand Forks, North Dakota-based company said it had net income of 52 cents. Earnings, adjusted for costs related to mergers and acquisitions, were 57 cents per share.
The company posted revenue of $53.7 million in the period. Its adjusted revenue was $52 million.
Alerus shares have dropped 25% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $22, a decrease of 22% 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 ALRS at https://www.zacks.com/ap/ALRS | https://www.lmtonline.com/business/article/Alerus-Q2-Earnings-Snapshot-17333491.php | 2022-07-27T22:51:35Z | https://www.lmtonline.com/business/article/Alerus-Q2-Earnings-Snapshot-17333491.php | false | null |
Donations Support BackPack and Mobile Pantry Programs and provide nutritious meals for our neighbors
SALISBURY, Md., July 27, 2022 /PRNewswire/ -- As part of a commitment to alleviate food insecurity, Perdue Farms has delivered a $30,000 grant and nearly 10,000 pounds of nutritious no-antibiotics-ever chicken products to Second Harvest Food Bank of Middle Tennessee (SHFB), based in Nashville, Tenn.
The funds provided by the Franklin P. and Arthur W. Perdue Foundation will support the food bank's BackPack Program for school children and mobile pantry programs in rural Putnam County, home to Perdue's further processing facility in Monterey. The protein will help feed children, seniors, and families throughout the region.
SHFB's BackPack program feeds more than 200 food-insecure children in Putnam County during the school year, providing them with nutritious and easy-to-prepare food on weekends and school vacations. Bags of healthy foods are discreetly placed in students' backpacks each week.
In addition, Perdue Farms will fund four SHFB mobile pantries, providing much-needed groceries to approximately 1,000 households experiencing hunger in Putnam County. Each mobile pantry distributes a truckload of produce, dairy, poultry/protein, and shelf-stable food, an average of 20,000 pounds to 250 households.
"According to Feeding America®, 1 in 7 people in Putnam County – including 1 in 6 children – are at risk of hunger," said SHFB President and CEO Nancy Keil. "Thanks to Perdue Farms' generosity and continued support, Second Harvest is able to provide critical food resources to our neighbors in need."
The gifts from Perdue Farms are part of the company's Delivering Hope To Our Neighbors® initiative focused on improving quality of life and building strong communities where Perdue associates live and work, and beyond.
"At Perdue, we are committed to doing our part to ease the burden of hunger in our communities, especially here in Middle Tennessee amid these tough economic times," said Gary DeVault, Perdue's Monterey director of operations. "We're proud to support Second Harvest Food Bank with our funds, food and volunteerism to help provide our neighbors the nourishment they need."
For more than 40 years, Second Harvest Food Bank of Middle Tennessee has followed its mission to provide food to people facing hunger and work to advance hunger solutions. As a 501(c)(3) nonprofit, Second Harvest distributes food and other products to approximately 450 nonprofit partner agencies in 46 counties in Middle and West Tennessee. Our partners include food pantries, soup kitchens, shelters, childcare facilities, senior centers, group homes, and youth enrichment programs. For more information about Second Harvest Food Bank of Middle Tennessee, its mission, and programs, please visit secondharvestmidtn.org.
The Franklin P. and Arthur W. Perdue Foundation, the charitable giving arm of Perdue Farms, was established in 1957 by company founder Arthur W. Perdue and is funded through the estates of Arthur W. Perdue and Frank Perdue. As part of our belief in supporting the communities where and with whom we do business, the Foundation provides grants on behalf of Perdue Farms in communities where large numbers of our associates live and work. At Perdue Farms, we believe in responsible food and agriculture®.
About Perdue Farms We're a fourth-generation, family-owned, U.S. food and agriculture company. Through our belief in responsible food and agriculture, we are empowering consumers, customers, and farmers through trusted choices in products and services.
The premium protein portfolio within our Perdue Foods business, including our flagship PERDUE® brand, Niman Ranch®, Panorama Organic Grass-Fed Meats®, Coleman Natural®, and Yummy®, as well as our pet brands, Spot Farms® and Full Moon®, is available through various channels including retail, foodservice, club stores and our direct-to-consumer website, PerdueFarms.com.
Perdue AgriBusiness is an international agricultural products and services company.
Now in our company's second century, our path forward is about getting better, not just bigger. We never use drugs for growth promotion in raising poultry and livestock, and we are actively advancing our animal welfare programs. Our brands are leaders in no-antibiotics-ever chicken, turkey, pork, beef, and lamb, and in USDA-certified organic chicken and beef. Learn more at Corporate.PerdueFarms.com.
Photo caption: Associates from Perdue's operation in Monterey, Tenn. helped deliver a $30,000 grant, 10,000 pounds of chicken products to the Second Harvest Food Bank of Middle Tennessee as part of the company's Delivering Hope To Our Neighbors initiative focus in part on hunger relief. The associates also packed boxes of non-perishable food for distribution to children, seniors and families. From left are Andrea Marin, Jackie Sherrill, Synthia Allen, Kim Beach (front), Hayden Floyd, Levi Blaylock, Ginny Caudle, Kay Cox, Angie Wood, and Tina Hall.
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HENDERSON, Nev. (AP) — As chants of “R-A-I-D-E-R-S!” rang out from five tents filled with fans during Wednesday’s practice at the team’s facility, the sight of three key Las Vegas players making plays ignited further roars of applause.
Tight end Darren Waller hauled in a pass on an out pattern at one end of the field. At the other, running back Josh Jacobs juked linebacker Denzel Perryman during a short pass route. Shortly later, Perryman forced a fumble with a huge hit on the goal line.
And while they’re leaders in their respective units — and the trio comes with no guarantees for their futures with the team — all three had similar mindsets during the first week of camp.
“I’m focused on playing right now,” said Waller, who ranks second among tight ends since 2019 with 252 receptions and 3,006 yards receiving. “My agent handles that. Whatever is going on there is whatever’s going on there. But whatever the outcome is of that, I’m here and I’m playing.”
One of the top players in the NFL at his position, Waller’s $7.5 million annual average value ranks 17th in salary among all tight ends.
And while he’s set to make $6.8 million this season with no guaranteed money left on his deal, others have been locked up.
Defensive end Maxx Crosby signed a $94 million extension in March, quarterback Derek Carr got an extension worth $121 million in April, and receiver Hunter Renfrow received a $32 million extension in June.
Long before that, the Raiders kept two of the top special teams players in the league by extending punter A.J. Cole and kicker Daniel Carlson in December.
Yet Waller, Perryman and Jacobs have been at every practice, preparing for the preseason opener against Jacksonville on Aug. 4 in the Hall of Fame game in Canton, Ohio.
“I think the fact that we had everyone show up and everybody just going about their work ... speaks a lot to the belief this team has for each other,” Cole said after Wednesday’s practice. “Guys on winning teams get paid, it sort of just works itself out. Being around these guys for a couple years, I really just have so much respect and love for the character they have and the hard work. It just speaks a lot to the buy-in we have, from top to bottom.”
Perryman is entering the final year of his contract and is set to make a base salary of $1.1 million after finishing sixth in the league with a franchise-high 154 tackles last season.
“My agent Ron Butler is handling that — I just want to play football,” said Perryman, whose career season earned him his first Pro Bowl selection in 2021.
With Jacobs, who won a national championship with Alabama in 2017 and was drafted 24th overall in 2019, it was a matter of the team announcing it wasn’t exercising a fifth-year option. Every NFL draft choice signs a four-year contract, with each first-round selection’s contract including a team option for a fifth season.
Jacobs isn’t taking it personal.
“I really don’t too much think about it, honestly,” said Jacobs, whose 3,087 yards rushing leads all rushers drafted since 2019. “I’m a firm believer in the work that you put in is going to pay off for itself. And I had to be here either way. And this is where I want to be. So, I didn’t have no problem with it. (It) gave me more of a reason to come in every day, jell with the guys, and work, so that’s how I looked at it.”
Waller said while he remains focused on his time in Las Vegas, “whether it’s 10 years or whatever,” and he continues to do his job on the field while his agent negotiates with the team, he acknowledged it can be tedious when trying to compartmentalize with an attempt to focus solely on football.
“As a human being, you want to think about things like that,” Waller said. “I feel like adopting the mindset of when I’m here, what can I give to the team? As opposed to what I can get. ... We’re humans and we can get distracted, but I feel like taking that approach has definitely helped me to focus on just what I can do within the day here.”
___
Freelance writer Poppy Cartledge contributed to this report.
___
More AP NFL coverage: https://apnews.com/hub/nfl and https://twitter.com/AP_NFL | https://www.lakecountystar.com/sports/article/Trio-of-key-Raiders-arrive-at-camp-with-17333421.php | 2022-07-27T22:53:46Z | https://www.lakecountystar.com/sports/article/Trio-of-key-Raiders-arrive-at-camp-with-17333421.php | false | 16 |
OKLAHOMA CITY (AP) _ LSB Industries Inc. (LXU) on Wednesday reported second-quarter net income of $103.4 million.
On a per-share basis, the Oklahoma City-based company said it had profit of $1.15.
The chemical maker posted revenue of $284.8 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 LXU at https://www.zacks.com/ap/LXU | https://www.thetelegraph.com/business/article/LSB-Q2-Earnings-Snapshot-17333426.php | 2022-07-27T22:54:46Z | https://www.thetelegraph.com/business/article/LSB-Q2-Earnings-Snapshot-17333426.php | true | null |
You need to enable JavaScript to run this app. | https://sportspyder.com/mlb/oakland-athletics/articles/40202848 | 2022-07-27T22:55:53Z | https://sportspyder.com/mlb/oakland-athletics/articles/40202848 | false | null |
While some workers return to the office this year, many others continue to work remotely indefinitely. This seismic shift has changed where people live and work and, increasingly, how they travel.
In the first quarter of 2022, nearly 25% of job postings at the 50,000 largest companies in the U.S. and Canada were for permanently remote positions, according to the job listing service Ladders. That’s up from a mere 4% before the pandemic.
“It has enabled us to extend trips, leave early and work different hours,” says Kirsten Reckman, a credit risk manager based in Tampa, Florida, who works remotely. “My boss is very accommodating as long as the work gets done.”
Reckmen’s experience reflects a larger trend. One in five travelers this summer plan to do work on the road, according to a report from Deloitte, an international professional services network. Of these so-called “laptop luggers,” 4 in 5 plan to extend the length of their trips because of schedule flexibility.
THE RISE OF ‘BLEISURE’ TRAVEL
Remote work has blurred the line between business and personal travel. Rather than leaving home rarely for vacation, remote workers can travel at any time. This has the potential to upend longstanding travel trends.
“Many travelers who have the opportunity are choosing to combine remote working with trips for a change of scene as well as maximizing PTO,” or paid time off, explains Mark Crossey, traveler expert at Skyscanner, a travel search engine and agency. “Workations allow people with flexible home and work lives to become ‘half tourists’ for a period of time.”
This kind of freedom appeals to Lisa Wickstrom, a mortgage underwriter based in Arizona who now works from around the world with only a suitcase.
“I got three weeks of vacation before,” says Wickstrom, “But I never feel like I have to take vacation time because … I’m always on vacation.”
For the travel industry, these nomads offer enormous opportunities. Remote workers can spend far more time — and money — at far-flung destinations. Yet “bleisure” travelers don’t fit the typical tourist mold.
“You can’t just go freely everywhere,” explains Derek Midkiff, a patent attorney who left San Diego during the pandemic and never looked back. “You’re living somewhere but also working. Someone asks me, ‘Did you do this and this,’ and I have to say, ‘No, I’m working, it’s not the same as when you’re on vacation.’”
TRAVEL DAYS ARE CHANGING
Before the pandemic, it was expensive to fly on the weekends and cheaper during the week. That could all be shifting with remote work.
According to data from Hopper, a travel booking app, the cost of domestic flights on Sundays and Mondays has risen 5.90% and 2.97%, respectively, in 2022 compared to 2019, while the cost of flying on Friday and Saturday has dropped by 3.04% and 1.60%. It’s now cheaper to fly on a Saturday than a Monday, on average.
Further, remote workers can take longer trips during busy holidays, flattening the “peak” of peak travel dates.
“Since 2020, we’ve observed a small but noticeable shift toward Thursday departures for Memorial Day weekend itineraries,” says Craig Ewer, spokesperson for Google Flights, “which suggests that location flexibility is indeed having an impact on traveler behaviors.”
AN INDUSTRY ADAPTS
Many workers fled large cities during the pandemic, filling the suburbs and rural areas. But remote work has changed the calculus more drastically for some, freeing up budgets to allow more travel.
“I save over $2,000 a month after taxes by living in Florida,” says Reckman. “We’re traveling a lot more because of that.”
Lower cost of living and tax incentives means more freedom for some remote workers. And some companies are seeing a potential windfall.
Airbnb, the vacation rental platform, reports that the number of long-term stays (over 28 days) doubled in the first quarter of 2022 compared to 2019. The company has even introduced an “I’m Flexible” search functionality for travelers who don’t need to get back to an office on a specific date.
“I’ve found Airbnb to be cheaper, and have better rules,” says Midkiff, explaining why he chooses vacation rentals over hotels. “And I like to stay a month to get the discount.”
REMOTE WORK IS HERE
No longer constrained by vacation days and getting back from a trip by Monday, remote workers have shifted the travel landscape, maybe for good. While executives continue to hem and haw over return-to-office plans, remote workers are happily sending emails from afar.
“I think about the office politics, the baby showers, all that,” says Wickstrom with a shudder. “I can’t even imagine doing all that again.”
This article was provided to The Associated Press by the personal finance website NerdWallet. Sam Kemmis is a writer at NerdWallet. Email: skemmis@nerdwallet.com.
RELATED LINK:
NerdWallet: Laptop lugging: Should your next trip mix work and play?
https://bit.ly/nerdwallet-workcation-laptop-luggers | https://whnt.com/business/ap-business/has-remote-work-changed-the-travel-landscape/ | 2022-07-27T22:56:20Z | https://whnt.com/business/ap-business/has-remote-work-changed-the-travel-landscape/ | true | 33 |
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