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Putin´s Iran trip shows how isolated Russia has become - White House
By Nandita Bose
WASHINGTON, July 19 (Reuters) - Russian President Vladimir Putin's trip to Iran this week shows how Russia has become isolated in the wake of its invasion of Ukraine, John Kirby, the White House's chief National Security Council spokesman, told reporters on Tuesday.
Putin had talks with Supreme Leader Ayatollah Ali Khamenei in Iran on Tuesday, the Kremlin leader's first trip outside the former Soviet Union since Moscow's Feb. 24 invasion of Ukraine.
The United States last week said it has information that shows Iran is preparing to provide Russia with up to several hundred drones, including some that are weapons capable, and that Tehran is preparing to train Russian forces to use them. Iran's foreign minister denied that.
Kirby said on Tuesday that there is no indication yet that Iran has given drones to Russia. (Reporting By Nandita Bose and Jarrett Renshaw Editing by Alistair Bell) | https://www.dailymail.co.uk/wires/reuters/article-11029577/Putin-s-Iran-trip-shows-isolated-Russia--White-House.html?ns_mchannel=rss&ns_campaign=1490&ito=1490 | 2022-07-21T20:42:49Z | https://www.dailymail.co.uk/wires/reuters/article-11029577/Putin-s-Iran-trip-shows-isolated-Russia--White-House.html?ns_mchannel=rss&ns_campaign=1490&ito=1490 | true |
HOUSTON and MEXICO CITY, July 21, 2022 /PRNewswire/ -- Sempra Infrastructure, a subsidiary of Sempra (NYSE: SRE) (BMV: SRE), and Mexico's Federal Electricity Commission (Comisión Federal de Electricidad, CFE), announced several agreements to advance the joint development of critical energy infrastructure projects in Mexico, including the rerouting of the Guaymas-El Oro pipeline in Sonora, the proposed Vista Pacífico LNG project in Topolobampo, Sinaloa, and the potential development of a liquefied natural gas (LNG) terminal in Salina Cruz, Oaxaca.
These new agreements establish the framework for a joint venture between the companies to ultimately enable the restoration of service provided by the Guaymas-El Oro pipeline.
These agreements also outline the path forward for the Vista Pacífico LNG terminal, including the definition of the project's configuration to advance engineering and permitting efforts.
In addition, the companies are expanding the memorandum of understanding (MOU) signed earlier this year to jointly explore the potential development of an LNG terminal in Salina Cruz, Oaxaca. This new opportunity will support the Government of Mexico's Interoceanic Corridor in the Isthmus of Tehuantepec project, which is intended to promote economic growth and development of Mexico's South-Southeast region.
These development projects would allow CFE to potentially optimize the use of existing natural gas pipeline systems, provide additional sources of LNG supply for isolated markets in Mexico and continue to expand LNG supplies to the global market.
The agreements reflect Sempra Infrastructure and CFE's commitment to continue advancing energy infrastructure projects that enhance the region's energy security, promote North America's energy integration, and foster economic growth and social wellbeing in the region.
The agreements for the development of the Vista Pacifico LNG and the proposed LNG project in Salina Cruz are preliminary and non-binding. These development projects, together with the rerouting of the Guaymas-El Oro pipeline, remain subject to a number of commitments to be satisfied, including, as applicable, feasibility studies, reaching definitive customer, construction and partnership agreements, securing all necessary permits, obtaining financing and incentives, receiving respective board approval, and reaching a final investment decision.
Sempra Infrastructure delivers energy for a better world. Through the combined strength of its assets in North America, the company is dedicated to enabling the energy transition and beyond. With a continued focus on sustainability, innovation, world-class safety, championing people, resilient operations and social responsibility, its more than 2,000 employees develop, build and operate clean power, energy networks and LNG and net-zero solutions, that are expected to play a crucial role in the energy systems of the future. For more information about Sempra Infrastructure, please visit www.SempraInfrastructure.com and Twitter.
The Federal Electricity Commission (CFE) is a productive company of the Mexican State, exclusively owned by the federal government, which supplies energy inputs and goods required for the productive and social development of the country in an efficient, sustainable, economic and inclusive manner, through a policy that prioritizes energy security and energy sovereignty, and that strengthens the public electricity service, a fundamental service for the development of Mexico, which, as a public company, has a position capable of influencing economic activity, at the same time as provides the goods and services for which it was created. For more information about the CFE, please visit https://www.cfe.mx/
This press release contains statements that constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are based on assumptions with respect to the future, involve risks and uncertainties, and are not guarantees. Future results may differ materially from those expressed in any forward-looking statements. These forward-looking statements represent our estimates and assumptions only as of the date of this press release. We assume no obligation to update or revise any forward-looking statement as a result of new information, future events or other factors.
In this press release, forward-looking statements can be identified by words such as "believes," "expects," "intends," "anticipates," "plans," "estimates," "projects," "forecasts," "should," "could," "would," "will," "confident," "may," "can," "potential," "possible," "proposed," "in process," "under construction," "in development," "opportunity," "target," "outlook," "maintain," "continue," "goal," "aim," "commit," or similar expressions, or when we discuss our guidance, priorities, strategy, goals, vision, mission, opportunities, projections, intentions or expectations.
Factors, among others, that could cause actual results and events to differ materially from those described in any forward-looking statements include risks and uncertainties relating to: decisions, investigations, regulations, issuances or revocations of permits and other authorizations, and other actions by (i) the U.S. Department of Energy, Comisión Reguladora de Energía, U.S. Federal Energy Regulatory Commission, and other regulatory and governmental bodies and (ii) states, counties, cities and other jurisdictions in the U.S., Mexico and other countries in which we do business; the success of business development efforts, construction projects and acquisitions and divestitures, including risks in (i) the ability to make a final investment decision, (ii) completing construction projects or other transactions on schedule and budget, (iii) the ability to realize anticipated benefits from any of these efforts if completed, and (iv) obtaining the consent or approval of partners or other third parties, including governmental entities and regulatory bodies; the resolution of civil and criminal litigation, regulatory inquiries, investigations and proceedings, arbitrations, and property disputes; changes to laws, including changes to certain of Mexico's laws and rules that impact energy supplier permitting, energy contract rates, the electricity industry generally and the ability to import, export, transport and store hydrocarbons; cybersecurity threats, including by state and state-sponsored actors, to the energy grid, storage and pipeline infrastructure, information and systems used to operate our businesses, and confidentiality of our proprietary information and personal information of our customers and employees, including ransomware attacks on our systems and the systems of third-party vendors and other parties with which we conduct business, all of which have become more pronounced due to recent geopolitical events and other uncertainties, such as the war in Ukraine; failure of foreign governments and state-owned entities to honor their contracts and commitments; actions by credit rating agencies to downgrade our credit ratings or to place those ratings on negative outlook and our ability to borrow on favorable terms and meet our debt service obligations; the impact of energy and climate policies, legislation, rulemaking and disclosures, as well as related goals set and actions taken by companies in our industry, including actions to reduce or eliminate reliance on natural gas generally and the risk of nonrecovery for stranded assets; the pace of the development and adoption of new technologies in the energy sector, including those designed to support governmental and private party energy and climate goals, and our ability to timely and economically incorporate them into our business; weather, natural disasters, pandemics, accidents, equipment failures, explosions, acts of terrorism, information system outages or other events that disrupt our operations, damage our facilities and systems, cause the release of harmful materials, cause fires or subject us to liability for property damage or personal injuries, fines and penalties, some of which may not be covered by insurance, may be disputed by insurers or may impact our ability to obtain satisfactory levels of affordable insurance; the availability of natural gas; the impact of the COVID-19 pandemic, including potential vaccination mandates, on capital projects, regulatory approvals and the execution of our operations; volatility in foreign currency exchange, inflation and interest rates and commodity prices, including inflationary pressures in the U.S., and our ability to effectively hedge these risks; changes in tax and trade policies, laws and regulations, including tariffs, revisions to international trade agreements and sanctions, such as those that have been imposed and that may be imposed in the future in connection with the war in Ukraine, which may increase our costs, reduce our competitiveness, impact our ability to do business with certain current or potential counterparties, or impair our ability to resolve trade disputes; and other uncertainties, some of which may be difficult to predict and are beyond our control.
These risks and uncertainties are further discussed in the reports that Sempra has filed with the U.S. Securities and Exchange Commission (SEC). These reports are available through the EDGAR system free-of-charge on the SEC's website, www.sec.gov, and on Sempra's website, www.sempra.com. Investors should not rely unduly on any forward-looking statements.
Sempra Infrastructure is not the same company as San Diego Gas & Electric Company or Southern California Gas Company, and neither Sempra Infrastructure nor any of its subsidiaries is regulated by the California Public Utilities Commission.
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SOURCE Sempra North American Infrastructure | https://www.wagmtv.com/prnewswire/2022/07/21/cfe-sempra-infrastructure-expand-agreements-development-energy-infrastructure-mexico/ | 2022-07-21T20:43:24Z | https://www.wagmtv.com/prnewswire/2022/07/21/cfe-sempra-infrastructure-expand-agreements-development-energy-infrastructure-mexico/ | false |
Disturbing Trend Underscores Need for Vigilance to Protect Our Most Vulnerable
JACKSON, Miss., July 21, 2022 /PRNewswire/ -- New data indicates rates of COVID-19 cases and deaths in America's nursing homes rose substantially in June for the second month in a row, ending several months of decline from the peak of the initial Omicron wave in January 2022 and heightening concerns that a new surge is upon us.
The rate of nursing home resident deaths nationwide increased by more than 50% in the four-week period ending June 19, according to AARP's Nursing Home COVID-19 Dashboard, compared to the previous Dashboard release, with more than 750 resident deaths reported.
Here in Mississippi, resident deaths were up from 0.00 in the previous four-week period ending May 22, to five deaths (0.04), in the four-week period ending June 19. Since the beginning of the pandemic, more than 2,000 nursing home residents in Mississippi have died from COVID-19.
The number of COVID-19 cases among nursing home residents is 246, and the number of COVID-19 cases among nursing home staff is 302, according to the new report.
Furthermore, the rate of resident cases nationwide increased by 27%, compared to the previous four weeks, according to the Dashboard, while the rate of staff cases nationwide increased by 42% during the same reporting period.
Nursing home resident cases in Mississippi were up from a rate of 0.45 in the previous four- week period ending May 22, to 1.81 in the four-week period ending June 19. The rate of staff cases was up from 0.51 in the previous report to 2.22 in the current Dashboard.
"Our loved ones in nursing homes are among our most vulnerable," said Kimberly L. Campbell, Esq., State Director of AARP Mississippi, which serves more than 260,000 members age 50 and older in Mississippi. "Rising deaths and cases of COVID-19 among nursing home residents and staff nationally show that for their sakes, we must remain vigilant, and we must hold nursing homes accountable for providing high quality care and safe environments."
The latest data from the AARP COVID-19 Nursing Home Dashboard shows that as of June 19, approximately 67% of nursing home residents in Mississippi were fully vaccinated with at least one booster dose, a slight increase from mid-May. Among nursing home staff, 29.9% are fully vaccinated with at least one booster dose, a slight increase from mid-May.
The AARP Nursing Home COVID-19 Dashboard analyzes federally reported data in four-week periods going back to June 1, 2020. Using this data, the AARP Public Policy Institute, in collaboration with the Scripps Gerontology Center at Miami University in Ohio, created the Dashboard to provide snapshots of the virus' infiltration into nursing homes and impact on nursing home residents and staff, with the goal of identifying specific areas of concern at the national and state levels in a timely manner.
The full AARP Nursing Home COVID-19 Dashboard is available at www.aarp.org/nursinghomedashboard. Medicare.gov's Care Compare website now offers information about vaccination and booster rates within individual nursing homes and how they compare to state and national averages.
For more information on how coronavirus is impacting nursing homes and AARP's advocacy on this issue, visit www.aarp.org/nursinghomes.
AARP is the nation's largest nonprofit, nonpartisan organization dedicated to empowering people 50 and older to choose how they live as they age. With a nationwide presence and nearly 38 million members, AARP strengthens communities and advocates for what matters most to families: health security, financial stability and personal fulfillment. AARP also produces the nation's largest circulation publications: AARP The Magazine and AARP Bulletin. To learn more, visit www.aarp.org, www.aarp.org/espanol or follow @AARP, @AARPenEspanol and @AARPadvocates, @AliadosAdelante on social media.
CONTACT: Ronda Gooden, 601-898-5417
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SOURCE AARP Mississippi | https://www.weau.com/prnewswire/2022/07/21/covid-19-cases-deaths-rise-mississippis-nursing-homes/ | 2022-07-21T20:44:11Z | https://www.weau.com/prnewswire/2022/07/21/covid-19-cases-deaths-rise-mississippis-nursing-homes/ | false |
ANDOVER, Mass. (AP) _ Vicor Corp. (VICR) on Thursday reported net income of $10.6 million in its second quarter.
On a per-share basis, the Andover, Massachusetts-based company said it had profit of 24 cents.
The modular power components company posted revenue of $102.2 million in the period.
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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 VICR at https://www.zacks.com/ap/VICR | https://www.sfgate.com/business/article/Vicor-Q2-Earnings-Snapshot-17320639.php | 2022-07-21T20:44:27Z | https://www.sfgate.com/business/article/Vicor-Q2-Earnings-Snapshot-17320639.php | true |
WFO BURLINGTON Warnings, Watches and Advisories for Thursday, July 21, 2022
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SPECIAL WEATHER STATEMENT
Special Weather Statement
National Weather Service Burlington VT
419 PM EDT Thu Jul 21 2022
...A strong thunderstorm will impact portions of southeastern Essex,
southwestern Addison, northern Rutland and northwestern Windsor
Counties through 515 PM EDT...
At 419 PM EDT, Doppler radar was tracking a strong thunderstorm near
Scaroon Manor Public Campground, moving northeast at 35 mph.
HAZARD...Winds in excess of 40 mph.
SOURCE...Radar indicated.
IMPACT...Gusty winds could knock down tree limbs and blow around
unsecured objects.
Locations impacted include...
Middlebury, Rutland, Crown Point, Castleton, Cornwall, Sudbury,
Salisbury, Rutland City, Orwell, Benson, Chittenden, Fair Haven, West
Rutland, Whiting, Goshen, West Castleton, Hubbardton, Shoreham,
Ripton and Crown Point Center.
This includes Interstate 87 near mile marker 84.
PRECAUTIONARY/PREPAREDNESS ACTIONS...
If outdoors, consider seeking shelter inside a building.
Frequent cloud to ground lightning is occurring with this storm.
Lightning can strike 10 miles away from a thunderstorm. Seek a safe
shelter inside a building or vehicle.
A Severe Thunderstorm Watch remains in effect until 800 PM EDT for
northern New York...and central and southern Vermont.
LAT...LON 4358 7330 4360 7329 4363 7331 4362 7337
4358 7339 4357 7341 4359 7343 4362 7342
4364 7343 4377 7335 4381 7338 4377 7378
4381 7379 4398 7347 4407 7296 4356 7286
4356 7326
TIME...MOT...LOC 2019Z 247DEG 29KT 4376 7365
MAX HAIL SIZE...0.00 IN
MAX WIND GUST...40 MPH
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Copyright 2022 AccuWeather | https://www.mrt.com/weather/article/NY-WFO-BURLINGTON-Warnings-Watches-and-17320608.php | 2022-07-21T20:44:28Z | https://www.mrt.com/weather/article/NY-WFO-BURLINGTON-Warnings-Watches-and-17320608.php | false |
EMERYVILLE, Calif., July 21, 2022 /PRNewswire/ -- Dynavax Technologies Corporation (Nasdaq: DVAX), a commercial stage biopharmaceutical company developing and commercializing innovative vaccines, will report second quarter financial results on Thursday, August 4, 2022, after the U.S. financial markets close.
Dynavax will host a conference call and live audio webcast on Thursday, August 4, 2022, at 4:30 p.m. (ET)/1:30 p.m. (PT).
The live audio webcast may be accessed through the "Events & Presentations" page on the "Investors" section of the Company's website at https://investors.dynavax.com/events-presentations. A replay of the webcast will be available for 30 days following the live event.
To dial into the call, participants will need to register for the call using the caller registration link. It is recommended that participants dial into the conference call or log into the webcast approximately 10 minutes prior to the call.
About Dynavax
Dynavax is a commercial stage biopharmaceutical company developing and commercializing innovative vaccines to help protect the world against infectious diseases. The Company has two commercial products, HEPLISAV-B® [Hepatitis B Vaccine (Recombinant), Adjuvanted], which is approved in the U.S. and the European Union for prevention of infection caused by all known subtypes of hepatitis B virus in adults age 18 years and older, and CpG 1018 adjuvant, currently used in multiple adjuvanted COVID-19 vaccines. Dynavax is advancing CpG 1018 adjuvant as a premier vaccine adjuvant through global research collaborations and partnerships. Current collaborations are focused on adjuvanted vaccines for COVID-19, plague, shingles, Tdap, seasonal influenza and universal influenza. For more information about our marketed products and development pipeline, visit www.dynavax.com and follow Dynavax on LinkedIn.
Contacts:
Nicole Arndt
Investor Relations and Corporate Communications
narndt@dynavax.com
510-665-7264
Derek Cole, President
Investor Relations Advisory Solutions
derek.cole@IRadvisory.com
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SOURCE Dynavax Technologies | https://www.weau.com/prnewswire/2022/07/21/dynavax-report-second-quarter-financial-results-host-conference-call-august-4-2022/ | 2022-07-21T20:44:32Z | https://www.weau.com/prnewswire/2022/07/21/dynavax-report-second-quarter-financial-results-host-conference-call-august-4-2022/ | false |
COLUMBUS, Ohio, July 21, 2022 /PRNewswire/ -- Huntington Bancshares Incorporated announced that the Board of Directors declared a quarterly cash dividend on the company's common stock (Nasdaq: HBAN) of $0.155 per common share, unchanged from the prior quarter. The common stock cash dividend is payable October 3, 2022, to shareholders of record on September 19, 2022.
In addition, the Board declared quarterly cash dividends on five series of its preferred stock. The Board declared a quarterly cash dividend on its Floating Rate Series B Non-Cumulative Perpetual Preferred Stock (CUSIP#: 446150500) of $13.0300 per share (equivalent to $0.32575 per depositary receipt share). The Board declared a quarterly cash dividend on its 5.70% Series E Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock (CUSIP#: 446150AL8) of $1,425.00 per share (equivalent to $14.25 per depositary receipt share). The Board declared a quarterly cash dividend on its 5.625% Series F Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock (CUSIP#: 446150AT1) of $1,406.25 per share (equivalent to $14.0625 per depositary share). The Board declared a quarterly cash dividend on its 4.450% Series G Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock (CUSIP#: 446150AV6) of $1,112.50 per share (equivalent to $11.1250 per depositary share). Finally, the Board declared a quarterly cash dividend on its 4.5% Series H Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock (Nasdaq: HBANP) of $11.25 per share (equivalent to $0.28125 per depositary share). All five preferred stock cash dividends are payable October 17, 2022, to their respective shareholders of record on October 1, 2022.
Huntington Bancshares Incorporated (Nasdaq: HBAN) is a $179 billion asset regional bank holding company headquartered in Columbus, Ohio. Founded in 1866, The Huntington National Bank and its affiliates provide consumers, small and middle‐market businesses, corporations, municipalities, and other organizations with a comprehensive suite of banking, payments, wealth management, and risk management products and services. Huntington operates more than 1,000 branches in 11 states, with certain businesses operating in extended geographies. Visit Huntington.com for more information.
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SOURCE Huntington Bancshares Incorporated | https://www.wagmtv.com/prnewswire/2022/07/21/huntington-bancshares-incorporated-declares-quarterly-cash-dividends-its-common-preferred-stocks/ | 2022-07-21T20:45:33Z | https://www.wagmtv.com/prnewswire/2022/07/21/huntington-bancshares-incorporated-declares-quarterly-cash-dividends-its-common-preferred-stocks/ | true |
Employee strength reaches over 21,500
SANTA CLARA, Calif. and Pune, India, July 21, 2022 /PRNewswire/ -- Persistent Systems (BSE: PERSISTENT) (NSE: PERSISTENT) today announced the Company's audited financial results for the quarter ended June 30, 2022, as approved by the Board of Directors.
Consolidated Financial Highlights for the Quarter ended June 30, 2022
The 32nd Annual General Meeting of the Company was held on July 19, 2022. All the resolutions including final dividend payment of INR 11 per share, were passed with requisite majority.
Anand Deshpande, Founder, Chairman and Managing Director, Persistent:
"We would like to thank Pradeep Bhargava, Guy Eiferman and Thomas Kendra for their guidance and encouragement during their tenure as Board members. We are pleased to welcome Arvind Goel, Dr. Ambuj Goyal and Dan'l Lewin as Directors to the Board of Persistent Systems Ltd. Their vast expertise and experience add significant value as we embark on the next phase of our growth journey."
Sandeep Kalra, Chief Executive Officer and Executive Director, Persistent:
"We are delighted to start the new fiscal year with an exceptional performance — delivering 11.1% sequential and 44.8% year-over-year growth as well as our highest ever TCV booking of $394M. We strengthened our team by adding over 3,000 colleagues, pushing us beyond the 20,000-employee mark.
Our differentiated Digital Engineering expertise, trusted delivery model, robust client relationships and strong partner ecosystem continue to fuel our growth. In addition, we are confidently working with our clients to help them navigate and thrive in the evolving economic environment.
We received multiple accolades this quarter, including recognition as an 'Honored Company' in Institutional Investor's 2022 Asia Executive Team rankings — an acknowledgement by sell-side analysts for our robust corporate governance practices and strong executive leadership."
First Quarter FY23 Client Wins and Outcomes
The order booking for the quarter ended on June 30, 2022, was at $394 million in Total Contract Value (TCV) and at $263 million in Annual Contract Value (ACV).
Some of the key wins for the quarter include:
Software, Hi-Tech & Emerging Industries
- Accelerating data, application and mainframe product modernization for a connected enterprise software and technology company
- Improving user experience, scaling automation, and strengthening nearshore presence as a unified service partner for world's leading technology and cloud services provider
- Building and managing R&D capabilities to improve the extended product portfolio of an IT and security operations solutions company
Banking, Financial Services & Insurance
- Creating robust tech platform to scale operational efficiency and enable omnichannel experience for a premier wealth management firm
- Implementing data center modernization and infrastructure transformation to enhance customer experience and business outcomes for one of the largest third-party claim administrators
- Providing product engineering and domain expertise through an offshore development center to modernize platforms for a leading finance mortgage broker
Healthcare & Life Sciences
- Offering comprehensive software services to support the digital transformation of leading managed healthcare and insurance provider
- Leveraging deep technology and industry expertise to modernize key platforms and improve scalability for a health-tech organization
- Implementing functional data marts on a data lake using Snowflake on AWS platform to reduce the total cost of operations for a multinational medical equipment's manufacturing company
Awards and Recognitions
- Persistent Among Top Companies in Institutional Investor's 2022 Asia Executive Team Awards
- Persistent enters Brand Finance Top 10 India IT Brands for first time and is 3rd fastest growing Indian brand overall
- Persistent Systems recognized as a Top 15 Sourcing Standout for Managed Services in the Q1 2022 ISG Global Index™ "Booming 15" category for the 9th consecutive quarter
- Persistent awarded by Inventicon Business Intelligence Pvt. Ltd. in the Sustainability and Emergency Preparedness & Business Continuity categories
- iNFHRA honors Persistent with awards in two categories - Corporate Vaccination and Hygiene at Workplace
News in the Quarter
- Persistent Systems Delivers Digital-first Banking Infrastructure for New Challenger GB Bank
- Persistent & Corestack Announce Global Partnership to Accelerate Digital Transformation in Multi-Cloud Environments
- The Enterprisers Project: 6 things you can do with agile right now, featuring Vikas Gupta
- Digital Surgery - The future has already arrived, featuring Mukul Tripathi and Parimal Muli
- CIO.com: 10 key roles for AI success, featuring Dattaraj Rao
- IDG Connect: CIO Spotlight - R. Venkateswaran, Persistent Systems
About Persistent
With over 21,500 employees located in 18 countries, Persistent Systems (BSE: PERSISTENT) (NSE: PERSISTENT) is a global services and solutions company delivering Digital Engineering and Enterprise Modernization. Persistent was named to the Forbes Asia Best Under a Billion 2021 list, representing consistent top-and bottom-line performance as well as growth.
Forward-looking and Cautionary Statements
For risks and uncertainties relating to forward-looking statements, please visit persistent.com/FLCS
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SOURCE Persistent Systems | https://www.wagmtv.com/prnewswire/2022/07/21/persistent-revenue-grows-111-q-o-q-448-y-o-y-q1-fy23/ | 2022-07-21T20:47:30Z | https://www.wagmtv.com/prnewswire/2022/07/21/persistent-revenue-grows-111-q-o-q-448-y-o-y-q1-fy23/ | false |
Uber is overhauling its grocery delivery to better compete with Amazon, Instacart and others.
For people at home, that means Uber Eats grocery will get some of the same visibility we recognize from Uber’s ride-hailing app. You can watch your shopper move through the process and even see which items they’re scanning, said Therese Lim, the company’s senior director of product for grocery and new verticals. If a particular item isn’t available, the steps to pick out a substitution will be easier than other grocery apps, she added.
When Uber started delivering groceries two years ago, it tried to make the experience “as fast as possible, maybe not as great as possible,” said Oskar Hjertonsson, the company’s global head of grocery. The setup was relatively bare-bones — you couldn’t order items by weight, such as steak by the pound, for instance. But now, the company is “betting in a huge way on grocery,” Hjertonsson said.
The announcement comes on the heels of an international investigation by The Washington Post and other publications into Uber’s company practices. What emerged was a picture of Uber’s aggressive expansion into cities around the world — at times at the expense of its drivers. The company also pushed the boundaries of local regulations and sentiment with the help of big-name politicians and media organizations.
Meanwhile in the United States, some riders have reported high prices and long wait times for Uber’s ride-hailing service after the company experienced driver shortages during the pandemic.
Of course, the success of Uber’s grocery efforts will depend in part on the availability of drivers to shop and make timely deliveries. Lim said the company is growing, and the focus on grocery won’t come at the expense of ride-hailing. Uber “doesn’t anticipate” any problems with driver availability, she said, but she declined to comment directly on whether Uber is experiencing a driver shortage.
Uber’s grocery expansion comes as people juggle grocery-delivery options from Gopuff to Walmart to Amazon Fresh. To stand out, Uber may have to court older shoppers and people who prefer to buy online and pick up at the curb or in store, said Kassi Socha, a director analyst at market research company Gartner. According to a Gartner survey from January, 24 percent of respondents had used a delivery service in the last three months, 27 percent had ordered online and picked up in store, and 25 percent had picked up curbside. Lim said Uber is “absolutely exploring” pickup options but has nothing to announce right now.
“Uber and the other aggregators often combine different types of products now — restaurant deliveries, other stores like Sephora and anything else they can transport,” said Sucharita Kodali, a vice president and principal analyst at market research company Forrester. Indeed, Lim said people should be able to order “anything” from toilet paper to a coronavirus test to a bag of Doritos.
“The costs of deliveries are still expensive,” Kodali said. “Consumers don’t want to pay what it costs, and drivers are more expensive than ever as well.” | https://www.washingtonpost.com/technology/2022/07/21/uber-grocery-delivery/ | 2022-07-21T20:48:17Z | https://www.washingtonpost.com/technology/2022/07/21/uber-grocery-delivery/ | false |
INDIANAPOLIS, July 21, 2022 /PRNewswire/ -- American Legion National Commander Paul E. Dillard issued the following statement regarding the announcement that President Biden tested positive for COVID-19:
"The American Legion extends its heartfelt prayers that President Biden will have a full and speedy recovery from COVID-19. Our nation has made remarkable progress in combatting and defeating this horrific virus, though far too many people have been lost to the disease worldwide. We are fortunate to have access to life-saving vaccines and we are gratified that the White House described the president's symptoms as 'very mild.' The American Legion looks forward to having our nation's president back to good health."
The American Legion, the nation's largest veterans organization, is dedicated to the motto of "Veterans Strengthening America." Chartered by Congress in 1919, The American Legion is committed to mentoring youth and sponsoring wholesome community programs, advocating patriotism and honor, promoting a strong national security and continued devotion to servicemembers and veterans. Nearly 1.8 million members in more than 12,500 posts across the nation and regions overseas serve their communities with a devotion to mutual helpfulness.
Media Contact: John Raughter, (317) 630-1350 jraughter@legion.org
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SOURCE The American Legion | https://www.wflx.com/prnewswire/2022/07/21/american-legion-national-commander-extends-well-wishes-president-biden/ | 2022-07-21T20:50:04Z | https://www.wflx.com/prnewswire/2022/07/21/american-legion-national-commander-extends-well-wishes-president-biden/ | true |
TWIN FALLS, Idaho — The Twin Falls School District (TFSD) officials agreed unanimously on Wednesday to provide armed security staff to its 10 elementary schools.
The security guards will be implemented in all TFSD schools this coming school year. The decision comes in response to the increase in gun violence across the U.S.
Related: Meridian mayor proposes six new student resource officers for West Ada elementary schools
Previously only Twin Falls high schools and middle schools had consistent SRO's on site with some occasionally visiting TFSD elementaries. The TFSD is currently working on the contract to hire security guards through Eagle Eye Security.
Superintendent Brady Dickinson said in response to recent gun violence "After the situation in Uvalde where you had the school shooting in an elementary school, we decided to reevaluate security at our elementary's." | https://www.kivitv.com/ksaw/twin-falls-school-district-agrees-unanimously-to-add-armed-guards-to-elementary-schools | 2022-07-21T20:50:25Z | https://www.kivitv.com/ksaw/twin-falls-school-district-agrees-unanimously-to-add-armed-guards-to-elementary-schools | false |
INDIANAPOLIS, July 21, 2022 /PRNewswire/ -- American Legion National Commander Paul E. Dillard issued the following statement regarding the announcement that President Biden tested positive for COVID-19:
"The American Legion extends its heartfelt prayers that President Biden will have a full and speedy recovery from COVID-19. Our nation has made remarkable progress in combatting and defeating this horrific virus, though far too many people have been lost to the disease worldwide. We are fortunate to have access to life-saving vaccines and we are gratified that the White House described the president's symptoms as 'very mild.' The American Legion looks forward to having our nation's president back to good health."
The American Legion, the nation's largest veterans organization, is dedicated to the motto of "Veterans Strengthening America." Chartered by Congress in 1919, The American Legion is committed to mentoring youth and sponsoring wholesome community programs, advocating patriotism and honor, promoting a strong national security and continued devotion to servicemembers and veterans. Nearly 1.8 million members in more than 12,500 posts across the nation and regions overseas serve their communities with a devotion to mutual helpfulness.
Media Contact: John Raughter, (317) 630-1350 jraughter@legion.org
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SOURCE The American Legion | https://www.cleveland19.com/prnewswire/2022/07/21/american-legion-national-commander-extends-well-wishes-president-biden/ | 2022-07-21T20:51:34Z | https://www.cleveland19.com/prnewswire/2022/07/21/american-legion-national-commander-extends-well-wishes-president-biden/ | true |
Stocks extended their winning streak on Wall Street Thursday. The gains came amid a deluge of news about the economy, interest rates and corporate profits.
The S&P 500 returned to its highest level in six weeks.
Much of the focus was on Europe, where the central bank raised interest rates for the first time in 11 years.
In the U.S., reports suggested the economy is slowing more than expected, while a better-than-expected profit report from Tesla headlined a mixed set of earnings.
On Thursday:
The S&P 500 rose 39.05 points, or 1%, to 3,998.95.
The Dow Jones Industrial Average rose 162.06 points, or 0.5%, to 32,036.90.
The Nasdaq rose 161.96 points, or 1.4%, to 12,059.61.
The Russell 2000 index of smaller companies rose 8.74 points, or 0.5%, to 1,836.69.
For the week:
The S&P 500 is up 135.79 points, or 3.5%.
The Dow is up 748.64 points, or 2.4%.
The Nasdaq is up 607.19 points, or 5.3%.
The Russell 2000 is up 92.32 points, or 5.3%.
For the year:
The S&P 500 is down 767.23 points, or 16.1%.
The Dow is down 4,301.40 points, or 11.8%.
The Nasdaq is down 3,585.36 points, or 22.9%.
The Russell 2000 is down 408.62 points, or 18.2%. | https://www.seattlepi.com/business/article/How-major-US-stock-indexes-fared-Thursday-17320613.php | 2022-07-21T20:52:03Z | https://www.seattlepi.com/business/article/How-major-US-stock-indexes-fared-Thursday-17320613.php | false |
EVANSVILLE, Ind., July 21, 2022 /PRNewswire/ -- Escalade, Inc. (NASDAQ: ESCA, or the "Company"), a leading manufacturer and distributor of sporting goods and indoor/outdoor recreational equipment, today announced that it will issue second quarter 2022 results before the market opens on Thursday, August 4, 2022.
A conference call will be held Thursday, August 4, 2022, at 11:00 a.m. ET to review the Company's financial results, discuss recent events and conduct a question-and-answer session.
A webcast of the conference call will be available in the Investor Relations section of Escalade's website at www.escaladeinc.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, download, and install any necessary audio software.
To participate in the live teleconference:
To listen to a replay of the teleconference, which subsequently will be available through August 18, 2022:
Founded in 1922, and headquartered in Evansville, Indiana, Escalade designs, manufactures, and sells sporting goods, fitness, and indoor/outdoor recreation equipment. Our mission is to connect family and friends creating lasting memories. Leaders in our respective categories, Escalade's brands include Brunswick Billiards®; STIGA® table tennis; Accudart®; RAVE Sports® water recreation; Victory Tailgate® custom games; Onix® pickleball; Goalrilla™ basketball; Lifeline® fitness; Woodplay® playsets; and Bear® Archery. Escalade's products are available online and at leading retailers nationwide. For more information about Escalade's many brands, history, financials, and governance please visit www.escaladeinc.com.
This press release contains forward-looking statements relating to present or future trends or factors that are subject to risks and uncertainties. These risks include, but are not limited to: specific and overall impacts of the COVID-19 global pandemic on Escalade's financial condition and results of operations; the impact of competitive products and pricing; product demand and market acceptance; new product development; Escalade's ability to achieve its business objectives, especially with respect to its Sporting Goods business on which it has chosen to focus; Escalade's ability to successfully achieve the anticipated results of strategic transactions, including the integration of the operations of acquired assets and businesses and of divestitures or discontinuances of certain operations, assets, brands, and products; the continuation and development of key customer, supplier, licensing and other business relationships; Escalade's ability to develop and implement our own direct to consumer e-commerce distribution channel; Escalade's ability to successfully negotiate the shifting retail environment and changes in consumer buying habits; the financial health of our customers; disruptions or delays in our business operations, including without limitation disruptions or delays in our supply chain, arising from political unrest, war, labor strikes, natural disasters, public health crises such as the coronavirus pandemic, and other events and circumstances beyond our control; Escalade's ability to control costs; Escalade's ability to successfully implement actions to lessen the potential impacts of tariffs and other trade restrictions applicable to our products and raw materials, including impacts on the costs of producing our goods, importing products and materials into our markets for sale, and on the pricing of our products; general economic conditions; fluctuation in operating results; changes in foreign currency exchange rates; changes in the securities markets; continued listing of the Company's common stock on the NASDAQ Global Market and/or inclusion in market indices such as the Russell 2000; Escalade's ability to obtain financing and to maintain compliance with the terms of such financing; the availability, integration and effective operation of information systems and other technology, and the potential interruption of such systems or technology; risks related to data security of privacy breaches; and other risks detailed from time to time in Escalade's filings with the Securities and Exchange Commission. Escalade's future financial performance could differ materially from the expectations of management contained herein. Escalade undertakes no obligation to release revisions to these forward-looking statements after the date of this press release.
Patrick Griffin
Vice President - Corporate Development & Investor Relations
812-467-1358
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SOURCE Escalade, Inc. | https://www.wflx.com/prnewswire/2022/07/21/escalade-announces-second-quarter-2022-results-conference-call-date/ | 2022-07-21T20:52:14Z | https://www.wflx.com/prnewswire/2022/07/21/escalade-announces-second-quarter-2022-results-conference-call-date/ | false |
I was born into the bosom of the Australian women's liberation movement, suckled on the milk of feminism and nurtured by an array of urbanite women in 1980s Sydney.
So I can only imagine their collective horror when a few years ago, in my 30s, I shacked up with a farmer schoolteacher (a male one), had two children in quick succession and sank into a quagmire of domestic drudgery in regional NSW.
There, I joined my local branch of the Country Women's Association (CWA), arguably the nation's most powerful and conservative women's group.
I hesitated to mention my new membership to my staunchly feminist mother.
But it turns out that the CWA may have more in common with women's lib than I'd imagined.
And perhaps more than either camp realises too.
Feminist success through direct action
My mother, Martha Ansara, arrived in Australia from the USA in 1969. In her suitcase were pamphlets with titles like "Only the Chains Have Changed".
She formed a group in Glebe, Sydney for consciousness raising, where women inspected their lives and shared discoveries about the nature of patriarchy.
By 1970, they were holding packed public meetings and debating issues and policies at women's liberation conferences.
Mum remembers the first conference as "chaotic, often polemical and severe". She laughs when she remembers the "Melbourne black leather jacket guard" who denounced make-up and knitting, and whom Mum thought might line up the moderates for underarm hair inspections.
The "Women's Movement", as Mum calls it, set up the first refuges for women experiencing domestic violence, as well as rape crisis and women's health centres. They agitated for childcare and maternity leave, and the right to contraception and abortion.
Envoys were sent to lobby newly formed units in the Whitlam government, seeking equal pay and jobs in male-dominated spheres.
This movement was strongly connected to the anti-war movement and Mum met the man who would be my dad when he was raising funds for his anti-nuclear protest boat.
In true free-love form, Dad happened to be married to someone else. And as he skippered the Pacific Peacemaker with his wife and family across the globe, my mother's belly expanded until I was born in 1982.
Mum has always marched to the beat of her own militant drum. Her three children, each born 10 years apart, all have different dads. In our kitchen, political and community meetings took precedence over family meals. And my strongest childhood memories are of attending protests and handing out leaflets on street corners.
And although I never received a formal education in gender studies or feminist theory, every step of my journey into womanhood was steeped in the community of women's liberation.
The sisterhood of the CWA
The town of Moruya, on NSW's far south coast in Yuin Country, is scenically beautiful. But as a stay-at-home mother in a small town, I found it an isolating place to move to.
So I did the only thing I knew to do: I joined a women's group.
And the only women's group in town is the Country Women's Association.
I found my local branch via their craft shop. Within, there was a trove of domestic treasures my mother never had the time or skill to make: crocheted hot water bottle covers, soft yellow baby booties, marmalades and chutneys.
Behind the shop, there's the tearoom, where volunteers serve egg and lettuce sandwiches, lemon slices and polite conversation on Saturday mornings.
When I signed up, I was the youngest member by 20 years. I sat in the tearoom, listening to the older members' yarning as I attempted my own crafting projects, and I learnt about the history of the CWA.
In 1922, decades before "Sisterhood is Powerful" became a slogan of feminism, the "sisterhood" of the CWA came into being.
The isolation faced by rural women early last century, the backbreaking work endured on farms, the need to travel enormous distances for supplies and socialisation, the fear of death in childbirth and minimal access to medical services prompted the first Bushwomen's Conference.
The conference was a great success and the CWA began, first in NSW with the other states following in quick succession.
In the first ten years of the CWA, membership grew to over 14,000. By the 1950s, the association was peaking, with over 30,000 members.
Its members worked tirelessly to fundraise for baby health care centres, the building and staffing of maternity wards, hospitals, schools, rest homes, libraries and seaside respite cottages.
Its grassroots structure means that branch members' issues can become CWA policies that the executive of the association advocates for at the highest levels of government.
And because of the history and lineage of the organisation — namely polite, upright women of conservative, regional stock — the CWA always gets a seat at the political table.
Many issues that the CWA has lobbied for over the past 100 years are now things we take for granted. These include white lines on the outer edges of our roads, the 0.05 blood alcohol limit, curbing on footpaths for prams, seatbelts on buses and compulsory helmets on motorcycles.
There's more: the labelling of genetically modified food, the banning of petroleum exploration licences on agricultural land, the legalisation of medical marijuana and the establishment of specially trained police forces in places with high levels of domestic violence.
Yet lobbying for women's issues does not a feminist group make.
In the 1930s, the CWA had no argument with the term "feminist", but in that era the word meant something rather different. At the time, it was said that the deepest purpose of feminism was to guard our nation's democracy and provide security for its children.
This sentiment was aligned with the CWA's role in the fostering of "womanhood" and the centrality of "the home" and the homemaker. And this aspect of the organisation remains strong.
However, for many in the CWA today, the term "feminist" suggests a radical rejection of the "feminine" that is still foundational to the principles and activities of the association.
Shared values
In the 1970s as society began to change, the membership of the CWA began to wane. There are various hypotheses for this, but the impact of the women's liberation movement is undeniable.
Yet, as the CWA celebrates its centenary this year, it still has an important role to play, particularly for women in regional communities.
I intend to continue to be a member.
While the women of the Moruya branch craft things that I could only dream of making, it is my organising and community building skills, handed down to me by my feminist mother, that I'll use to best serve the association.
Indeed the lessons from Mum and the women's liberation movement are many: the importance of service to one's chosen community, that grassroots democracy is the foundation of good process, that our successes come from standing on the shoulders of giantesses and that respect for our elders is integral to respect for oneself.
These are the values both feminism and the CWA share above all else; that service to women as a whole is something we can all aspire to.
And as the CWA anthem, written in the 1940s, proclaims:
Proudly we stand, in love to serve,
Filling the needs of others where they lie,
Bound by the vision of our creed
To share as one a glorious destiny.
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Get more stories that go beyond the news cycle with our weekly newsletter. | https://www.abc.net.au/news/2022-07-22/country-womens-association-has-a-lot-in-common-with-feminism/101226568 | 2022-07-21T20:52:50Z | https://www.abc.net.au/news/2022-07-22/country-womens-association-has-a-lot-in-common-with-feminism/101226568 | true |
live: Sydney News: Dangerous surf predicted along NSW coastline, with widespread erosion feared
Here's what you need to know this morning.
Swimmers warned away from wild surf
Widespread erosion along parts of the NSW coastline is expected again this weekend.
The Bureau of Meteorology is predicting dangerous surf conditions along the northern half of the coast.
It comes just a week after large waves caused severe damage to beaches and infrastructure.
Surf Life Saving NSW CEO Stephen Pearce warned people to stay away from the water.
"We will see some really hazardous surf, and already over the last few weeks we've seen two tragic drownings along the NSW coast and we would hate to see anything like that repeated again," Mr Pearce said.
Boy, 6, injured in car crash
A young boy has been seriously injured in a car crash in Sydney's south.
Police say a vehicle with four passengers, including two children, was struck yesterday afternoon while stopped in a breakdown lane on the Hume Highway at Wilton.
A six-year-old boy was taken to hospital in a serious but stable condition.
A 26-year-old man was arrested and has undergone mandatory testing.
He has since been released pending further inquiries.
Blue Mountains rail line to reopen
A critical rail line in the Blue Mountains is set to reopen to some passengers next week after a landslip during heavy rains earlier this month.
The massive landslide on the Main Western Line left a dent that was 40 metres long, 20 metres wide and 60 metres deep.
The Minister for Regional Transport and Roads Sam Farraway said some freight operations would also return from July 30.
The landslip is in a different location to the 16-metre sinkhole that was repaired at Leura following March's severe weather event.
Western Sydney incinerator battle
A council in Sydney's west has called for more government intervention to prevent the construction of large-scale "energy from waste" incinerators in the Sydney basin.
The NSW government brought in regulations in September last year ruling out the incinerators in high-density residential areas.
Blacktown City Mayor Tony Bleasdale cautiously welcomed the regulations but said they did not go far enough.
He said the NSW government had not brought in the necessary regulations to back up the policy, meaning planned incinerators for Eastern Creek could, in fact, still be approved and built.
"Our legal advice states that the next step for the government should be to change the planning laws to prohibit development like The Next Generation (TNG) company's proposal, which the government suggested it would do in September 2021," Mr Bleasdale said.
"That should put an end to the current court appeal and allow all parties to move on."
More charges over Prospect Gym shooting
A 36-year-old man has been charged over his alleged involvement in the supply of illicit firearms, following investigations into a shooting outside the World Gym in Prospect in November last year.
The gym was sprayed with bullets fired from a car in a targeted attack on a group of four men as they approached the front entrance of the complex at about 11:30am on November 29.
A 33-year-old man was shot in the lower right leg.
So far, seven men aged between 19 and 27 have been charged over their alleged roles in the shooting and remain before the courts.
State Crime Command's Criminal Groups Squad established Strike Force Parbery to investigate the incident.
Birth trauma overlooked
A survey of women who have been injured while giving birth has found that more than half believed their injury affected their bonding with their baby.
Birth trauma can range from injuries affecting the pelvic floor through to depression and PTSD.
The survey of 800 women by the Australasian Birth Trauma Association (ABTA) found nearly 50 per cent had ongoing pain.
ABTA CEO Amy Dawes said the association had also heard examples of women's concerns not being taken seriously.
"Women quite often have gone to seek support for what they're experiencing postnatally but they're told it's just normal … and so it's normalising some completely debilitating symptoms … this shouldn't be happening, particularly not when you're trying to navigate life with a new baby," she said. | https://www.abc.net.au/news/2022-07-22/dangerous-nsw-surf-predicted-with-widespread-erosion-feared-/101258380 | 2022-07-21T20:53:04Z | https://www.abc.net.au/news/2022-07-22/dangerous-nsw-surf-predicted-with-widespread-erosion-feared-/101258380 | true |
MENLO PARK, Calif. (AP) — Facebook is rolling out an update that enables its 2 billion daily users to more easily view their friends’ posts in chronological order.
The new feature is the company’s latest attempt to keep people coming back to its social network amid intensifying competition with its trendier rival TikTok.
The changes announced Thursday will offer up two different perspectives. When Facebook users open the app, they will initially see the usual news feed featuring posts selected by an algorithm that the company says is designed to highlight topics and friends most likely to appeal to each individual’s tastes and interests. The main feed on the newly dubbed “Home” section will also include an option to look at short videos called Reels — Facebook’s clone of TikTok.
But many users have expressed frustration with the feeds forced upon them by Facebook, while critics of the Menlo Park, California, company have blasted the algorithm for spreading misinformation and creating polarizing echo chambers.
Facebook, owned by Meta Platforms, is trying to address those concerns with a new Feed tab located to the left of the notifications tab on the shortcut bar in both the iPhone and Android versions of its mobile app.
After clicking on the Feed tab, users will be able to toggle over to a chronological presentation of their Facebook favorites, Facebook groups they have joined or feeds consisting exclusively of posts from all their Facebook friends in the order they were shared.
The new option is designed to address complaints from users who believe they have been missing interesting posts because Facebook’s algorithm omitted them from their feeds.
“One of the most requested features for Facebook is to make sure people don’t miss friends’ posts,” Facebook founder and Meta CEO Mark Zuckerberg said in the announcement.
Facebook is giving users more control at a time when it has been struggling to grow, partly because other social media such as TikTok have become more popular, particularly among young generations. That stagnation, in turn, is making it more difficult for corporate parent Meta to boost its profits from the digital ads that appear in users’ feeds. | https://www.seattletimes.com/business/facebook-gives-users-new-way-to-see-all-their-friends-posts/?utm_source=RSS&utm_medium=Referral&utm_campaign=RSS_business | 2022-07-21T20:54:40Z | https://www.seattletimes.com/business/facebook-gives-users-new-way-to-see-all-their-friends-posts/?utm_source=RSS&utm_medium=Referral&utm_campaign=RSS_business | false |
OKLAHOMA CITY, July 21, 2022 /PRNewswire/ -- PHX MINERALS INC., "PHX," (NYSE: PHX), today announced it will release results for its fiscal 2022 third quarter ended June 30, 2022, on Monday, Aug. 8, 2022, following the close of trading on the New York Stock Exchange. Additionally, the Company will host a conference call to discuss the results at 11:00 a.m. EDT on Aug. 9, 2022. Management's discussion will be followed by a question and answer session with investors. To participate on the conference call, please dial 877-407-3088 (domestic) or 201-389-0927 (international).
The news release will be available at www.phxmin.com in the "Investors" section. A replay of the conference call will be available by dialing 877-660-6853 and using the access code 13731836.
PHX Minerals Inc. (NYSE: PHX) Oklahoma City-based, PHX Minerals Inc. is a natural gas and oil mineral company with a strategy to proactively grow its mineral position in its core areas of focus. PHX owns approximately 75,000 net leased mineral acres principally located in Oklahoma, Louisiana, Texas, North Dakota, and Arkansas. Additional information on the Company can be found at www.phxmin.com.
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SOURCE PHX MINERALS INC. | https://www.wlbt.com/prnewswire/2022/07/21/phx-minerals-inc-announce-fiscal-2022-third-quarter-results-host-earnings-call-aug-9-2022/ | 2022-07-21T20:55:19Z | https://www.wlbt.com/prnewswire/2022/07/21/phx-minerals-inc-announce-fiscal-2022-third-quarter-results-host-earnings-call-aug-9-2022/ | false |
- Fourth Quarter Operating Income Up $55.8M on 28% YOY Higher Revenue of $514.4M
- Company Expects Full Year 2023 Revenue to Increase 8%-10% Versus Fiscal 2022
- Regular Quarterly Dividend Raised 33% to $0.20 Per Share
NEW YORK, July 21, 2022 /PRNewswire/ -- Scholastic Corporation (NASDAQ: SCHL), the global children's publishing, education and media company, today reported financial results for the Company's fiscal fourth quarter and full year ended May 31, 2022. Scholastic recorded significant revenue and operating income gains in both reporting periods, led by increased in-person book fairs and record revenue-per-fair levels in the U.S. book fairs channel, as well as strong demand for the Company's educational offerings.
As previously announced, reflecting confidence in the Company's performance and outlook, its Board of Directors also approved a 33% increase in its regular quarterly cash dividend to $0.20 per share from $0.15 per share on the Company's Class A and Common Stock for the first quarter of fiscal 2023. The dividend is payable on September 15, 2022 to shareholders of record as of the close of business on August 31, 2022.
Company Commentary from Peter Warwick, Scholastic President & CEO
"Scholastic's strong fourth fiscal quarter and full-year results were driven by the success of our strategic and operational initiatives, and the ever growing demand for our products by children, parents and our long-standing school partners."
"It's clear that Scholastic has emerged from the challenges of the pandemic even stronger and better positioned for future sustainable growth, as indicated by our higher expectations for fiscal 2023 and the recently announced increase in our regular quarterly dividend. Scholastic's employees did an amazing job fulfilling our Company mission during these uncertain times by embracing every opportunity to increase collaboration and foster innovation."
"Looking ahead to fiscal 2023 and beyond, we see continuing demand for our products and services deeply rooted in the fundamental role of our engaging independent reading materials in the learning goals of children. This goes beyond recovery as there is a renewed focus on the benefits that independent reading and book ownership have for young readers and their overall development. As educators, parents and policymakers look to close the learning gaps exacerbated by the pandemic, Scholastic will continue to be a trusted and preferred partner. In addition, our popular and highly-valued intellectual property will fuel our growth and financial performance, as we continually expand and refresh our deep library of content."
Revenues increased 28% driven primarily by the return of in-person book fairs and the historically high revenue-per-fair as well as the continued growth in educational product sales due to the high demand for independent reading for children.
Operating Income increased $55.8M to $65.5M while Adjusted EBITDA (a non-GAAP measure of operations explained in the accompanying tables) increased 39% to $88.5M. These increases are indicative of the Company's ongoing efforts to improve operational efficiencies by streamlining distribution channels and focusing on intelligent spending throughout the Company.
Children's Book Publishing and Distribution
Book Fairs revenues increased $85.1M on historically high revenue-per-fair levels on 72% of pre-pandemic in-person fair count.
Trade revenues increased $6.6M primarily driven by key frontlist publishing and backlist titles from the Company's best-selling series that continue to resonate with customers.
Book Clubs revenues decreased $10.3M as a result of the residual effects of the labor and system issues experienced earlier in the fiscal year.
Education Solutions
Higher revenues of $31.9M were driven by the increased demand for educational materials needed to support a generation of students affected by the COVID pandemic. The Company experienced an increase in sales of family and community engagement and summer reading offerings in the fourth quarter, as well as higher sales of its Scholastic LiteracyTM and Rising Voices Library®.
Demand continues to benefit, in part, from government financed programs such as ESSER, the Elementary and Secondary School Emergency Relief Fund, which provides direct funding to states and districts, and from state-driven programs as seen in the New Worlds Reading Initiative, which exceeded its enrollment target in the first year of a five year contract.
International
In the major markets, revenue increased $4.5M, primarily driven by the performance of the book fairs channel in both the UK and Canada markets. Business in Australia and New Zealand was adversely affected by the later timing of COVID-related shutdowns when compared to the other markets.
Revenues in Asia decreased as the Company exited its direct sales business, which is no longer a strategic fit for the Company's future growth strategy, and China continued to be impacted by restrictive government regulations on after-school tutoring programs as well as pandemic-related shutdowns.
Overhead
Excluding one-time items, overhead costs increased $13.4M which was primarily related to an increase in employee-related costs arising from inflationary pressures on labor, including unallocated wages from the Company's Missouri distribution facilities as well as higher accrued bonuses and salary-related benefit costs.
Revenues increased 26% primarily driven by the return of in-person book fairs resulting in higher revenues of $265.4M. Education Solutions revenue increased $81.3M on overall higher demand with improved sales of the Company's culturally-responsive products such as Rising Voices Library, early childhood products such as PreK On My WayTM, summer reading programs and Scholastic Literacy.
Operating Income of $97.4M (and Adjusted EBITDA of $188.9M) are indicative of the recovery of the U.S. book fairs business which benefited from minimal incremental distribution costs associated with higher revenue per fair. The Company also had overall lower selling, general and administrative expenses as a percentage of revenue which is indicative of the effectiveness of the Company's cost saving initiatives and improved operational efficiencies.
The $155.0M increase in cash provided by operating activities and the $162.3M increase in free cash flow (a non-GAAP measure of operations explained in the accompanying tables) versus the prior period were primarily driven by $390.0M in higher customer collections on the increase in revenues as well as $54.0M in higher net federal tax refunds. This was partially offset by higher inventory purchases of $112.4M, increased payroll related payments, higher postage and freight charges, and a $13.4M net settlement of an intellectual property litigation matter. Higher cash balances will afford the Company financial flexibility to pursue strategic growth initiatives.
The Company distributed $5.2M in dividends in the fourth quarter and has reacquired 870,258 shares of its common stock for $33.4M in fiscal year 2022. As previously disclosed, this included a privately negotiated transaction with a related party for 300,000 common shares at a 4.2% discount to market prices. In addition, during the fourth fiscal quarter, the Company entered into a privately negotiated transaction with a third party for the repurchase of 190,290 common shares at a 4.0% discount to market prices. The Company expects to continue open market repurchases of its shares for the foreseeable future.
Outlook
In fiscal 2023, the Company expects the overall demand for independent reading resources at home and in school to remain strong, and management will continue to reallocate investments to yield the best returns by focusing on the value of the Company's intellectual property, expanding its education solutions channel and, where appropriate, adjust product pricing.
In the book fairs channel, the Company will strategically increase fair count, anticipating 85% pre-pandemic levels, while maintaining strong revenue per fair, continuing to leverage improved distribution efficiencies and sales and marketing efforts. Labor and system issues in the book clubs channel have been mitigated and higher operating incomes are expected on improved customer confidence. The Company is also excited about new releases in the trade channel from some of the most popular best-selling series and authors such as Wings of FireTM GraphixTM by Tui Sutherland, Cat Kid Comic Club®: Collaborations by Dav Pilkey, Brian Selznick's Big Tree and many more. The Company's content benefited from on-screen adaptations such as Dreamworks' The Bad GuysTM and Netflix's HeartstopperTM in fiscal 2022 and moving forward Scholastic Entertainment has 35+ projects in development, some of which will impact next fiscal year, such as Eva the OwletTM, a new animated kids and family series on AppleTV+ based on the New York Times bestselling Scholastic book series "Owl Diaries"TM by award-winning author Rebecca Elliott.
The Company anticipates increased demand of its educational products supported by continued government-related funding programs, as well as improvements in Education Solutions' sales and marketing efforts. The Company will enter its second year of the New Worlds Reading Initiative, which will begin in the second fiscal quarter, and will look for future state-sponsored programs opportunities as they arise. The sales of Scholastic Magazines+TM have reached near pre-pandemic levels with distribution of over 125M units of digital and physical product to children throughout the U.S. The Company will prudently increase spending to improve cross-selling initiatives and data-driven selling opportunities which will benefit future periods but will impact next fiscal year, decreasing operating income.
Internationally, the Company is expecting modest improvement in operating profits as the major markets continue to recover from the impacts of the global pandemic and Asia benefits from the Company's strategic exit of the low-margin direct sales business.
Overhead costs are expected to increase next year due to higher salary related costs as a result of continuing inflationary pressures and an increase in spending on transformative and digital services as the Company invests in future growth opportunities. The Company will continue to explore further opportunities for measured cost savings with process improvements and automation, product rationalization and overall improvements in resource allocation to increase shareholder value.
The Company expects fiscal year 2023 revenues to increase 8%-10% and has set an Adjusted EBITDA (as defined in the accompanying tables) target for fiscal year 2023 of $195M to $205M, up from $188.9M in fiscal 2022.
Additional Information
To supplement our financial statements presented in accordance with GAAP, we include certain non-GAAP calculations and presentations including, as noted above, "Adjusted EBITDA" and "Free Cash Flow". Please refer to the non-GAAP financial tables attached to this press release for supporting details on the impact of one-time items on operating income, net income and diluted EPS, and the use of non-GAAP financial measures included in this release. This information should be considered as supplemental in nature and not as a substitute for the related financial information prepared in accordance with GAAP.
Conference Call
The Company will hold a conference call to discuss its results at 4:30 p.m. ET today, July 21, 2022. Peter Warwick, Scholastic President and Chief Executive Officer, and Kenneth Cleary, the Company's Chief Financial Officer, will moderate the call.
The conference call and accompanying slides will be webcast and accessible through the Investor Relations section of Scholastic's website, www.investor.scholastic.com. To access the conference call by phone, please go to this link (registration link), and you will be provided with dial in details. To avoid delays, we encourage participants to dial into the conference call fifteen minutes ahead of the scheduled start time. Shortly following the call, an archived webcast and accompanying slides from the conference call will also be posted at investor.scholastic.com.
About Scholastic
For more than 100 years, Scholastic Corporation (NASDAQ: SCHL) has been encouraging the personal and intellectual growth of all children, beginning with literacy. Having earned a reputation as a trusted partner to educators and families, Scholastic is the world's largest publisher and distributor of children's books, a leading provider of literacy curriculum, professional services, and classroom magazines, and a producer of educational and entertaining children's media. The Company creates and distributes bestselling books and e-books, print and technology-based learning programs for pre-K to grade 12, and other products and services that support children's learning and literacy, both in school and at home. With 15 international operations and exports to 165 countries, Scholastic makes quality, affordable books available to all children around the world through school-based book clubs and book fairs, classroom libraries, school and public libraries, retail, and online. Learn more at www.scholastic.com.
Forward-Looking Statements
This news release contains certain forward-looking statements relating to future periods. Such forward-looking statements are subject to various risks and uncertainties, including those arising from the continuing impact of COVID-19 related measures taken by governmental authorities, school administrators, or suppliers or customers which may curtail or otherwise adversely affect certain of the Company's business operations, and the conditions of the children's book and educational materials markets generally and acceptance of the Company's products within those markets, and other risks and factors identified from time to time in the Company's filings with the Securities and Exchange Commission. Actual results could differ materially from those currently anticipated.
SCHL: Financial
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Our company offers high quality bolt tying (crop tied together via multiple pieces or hook). With more and greater product information from us all to our prospects and consumers our goal all would like the best crop for agriculture field use or family need this is crop plant for daily meand and more health food we help this business as much as human could likewise could as possible of each cerease you may purchase. 30+-year experienced salesman provide By Otis Kirk
FAYETTEVILLE — Arkansas lost its starting defensive linemen from last season, but some of the returning players have started at various times.
Sam Pittman saw one of his key defensive tackles go down on the third play of the April 16 scrimmage. Taurean Carter reportedly tore his ACL and will likely miss the entire 2022 season. Pittman had praised Carter numerous times in the spring prior to his injury.
In addition to several experienced defensive linemen returning this season, Pittman and his staff also signed four transfers to help there. On Wednesday, Pittman talked about defensive end Dorian Gerald and other defensive linemen he has this season.
“Dorian Gerald has been there so long, I told him the other day, I think Houston Nutt brought him in,” Pittman said. “I don’t know how long he’s been there (smiling). Dorian, we obviously need pass-rushers. I love the numbers. Actually we’re over, to be honest with you, on numbers there. We’ve got 20, counting walk-ons.”
One area that Pittman wants to see drastic improvement is the pass rushing. He’s hoping Adams can help coach up the line and get more production in that area.
“We need some elite pass-rushers,” Pittman said. “We went and got Landon Jackson. Obviously Zach Williams is returning and Jashaud Stewart is returning. Eric Gregory can do either/or. We signed Jordan Domineck. We think we can get to the quarterback a little bit more. We also feel a little better with our corner situation where we can play a little man coverage. We’ve got to get behind them, chains on first down. We did better last year. We have to continue getting better. Having man-to-man corners is going to help you do that.
“I feel a lot better. Isaiah Nichols on the inside. Obviously losing Taurean Carter for whatever the period of time it is hurt us. He was having a wonderful spring. But other than that I feel good. Terry Hampton coming in. I feel good about Taylor Lewis, some of those guys. We’ll see what happens. But I think we’ll be much better on the D-line than we were a year ago.”
Jackson was a big-time recruit out of Texarkana (Texas) Pleasant Grove in the Class of 2021. He chose LSU because of some uncertainty with the coaching transition at Arkansas. But now Pittman is elated to have the 6-foot-7, 275-pound sophomore.
“Landon Jackson came over with an injury,” Jackson said. “Wonderful person, wonderful kid. He’s just now healthy. He can run. I mean, he can run run. Long. We felt like not necessarily from LSU, but we felt like some
of our issues were rushing the passer as a defensive end and a cover, man-to-man cover corner situation. Not that we don’t have ’em, but we needed more. We felt like we did well with those two guys in the portal.“ | https://www.kark.com/pig-trail-nation/sam-pittman-praises-deke-adams-d-line/ | 2022-07-21T20:56:22Z | https://www.kark.com/pig-trail-nation/sam-pittman-praises-deke-adams-d-line/ | false |
DETROIT — The FBI found no evidence of missing Teamsters boss Jimmy Hoffa during a search of land under a New Jersey bridge, a spokeswoman said Thursday.
“Nothing of evidentiary value was discovered during that search,” said Mara Schneider, an FBI spokeswoman in Detroit.
“While we do not currently anticipate any additional activity at the site, the FBI will continue to pursue any viable lead in our efforts to locate Mr. Hoffa,” she said.
Authorities believe Hoffa disappeared in suburban Detroit in 1975 while meeting with reputed mobsters. | https://www.washingtonpost.com/business/fbi-no-sign-of-jimmy-hoffa-under-new-jersey-bridge/2022/07/21/b10707ee-0936-11ed-80b6-43f2bfcc6662_story.html | 2022-07-21T20:57:35Z | https://www.washingtonpost.com/business/fbi-no-sign-of-jimmy-hoffa-under-new-jersey-bridge/2022/07/21/b10707ee-0936-11ed-80b6-43f2bfcc6662_story.html | true |
STORY REMOVED: Oracle: Fiscal Q2 Earnings Snapshot
By Associated Press
July 21, 2022 at 4:14 p.m. EDT
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AUSTIN, Texas — Please disregard Oracle: Fiscal Q2 Earnings Snapshot, published on July 21, 2022, and datelined in AUSTIN, Texas. It duplicates a story that has already been published. | https://www.washingtonpost.com/business/story-removed-oracle-fiscal-q2-earnings-snapshot/2022/07/21/2bb68d3a-0931-11ed-80b6-43f2bfcc6662_story.html | 2022-07-21T20:57:48Z | https://www.washingtonpost.com/business/story-removed-oracle-fiscal-q2-earnings-snapshot/2022/07/21/2bb68d3a-0931-11ed-80b6-43f2bfcc6662_story.html | false |
Christopher Intagliata is an editor at All Things Considered, where he writes news and edits interviews with politicians, musicians, restaurant owners, scientists and many of the other voices heard on the air.
NPR's Juana Summers talks with Sy Woon, the Florida representative for the Humane Society Veterinary Medical Association, about how to care for pets during heat waves.
NPRs Juana Summers talks with Ash Parrish, a video game reporter at The Verge, about a new update that makes a video game from The Sims series more inclusive.
A diner in China spotted what looked like dinosaur footprints in the stone patio of a restaurant. Paleontologists have now confirmed the discovery and say the tracks are roughly 100 million years old. | https://www.wunc.org/2022-07-21/on-earth-nasa-tech-is-all-around-us | 2022-07-21T20:59:26Z | https://www.wunc.org/2022-07-21/on-earth-nasa-tech-is-all-around-us | true |
BANCO SANTANDER MÉXICO ANNOUNCES STRUCTURAL CHANGES IN ITS CEO POSITION AND SENIOR MANAGEMENT
Published: Jul. 21, 2022 at 3:30 PM CDT|Updated: 28 minutes ago
MEXICO CITY, July 21, 2022 /PRNewswire/ -- Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México (BMV: BSMX; NYSE: BSMX) ("Banco Santander México" or the "Bank") one of the leading banking institutions in Mexico, announced that, on the date hereof, its Board of Directors approved the appointment of Mr. Felipe García Ascencio as Chief Executive Officer of the Bank, replacing Mr. Héctor Grisi Checa. Mr. Héctor Grisi will remain as Executive Chairman and Chief Executive Officer of Grupo Financiero Santander México (the "Group") until December 31, 2022.
Mr. Felipe García Ascencio has a degree in Economics from the Instituto Tecnológico Autónomo de México and a master's degree in economics from the London School of Economics and Political Science. He has broad experience in the Mexican financial industry and he has worked in the Group as Head of Mexico's Corporate Investment Banking (SCIB). Previously, he worked at Credit Suisse for 18 years in different positions, the last of which was Head of Corporate & Sovereign Latam Coverage, a part of the Global Markets division. Mr. Felipe Garcia Ascencio also worked at Goldman Sachs and the Ministry of Finance and Public Credit (Secretaría de Hacienda y Crédito Público).
The Board also approved the creation of two Vice-presidencies. The Vice-presidency of Administration and Finance, to be led by Mr. Didier Mena Campos, who currently holds the position of Chief Financial Officer, and the Vice-presidency of Consumer, Commercial and Institution Business Banking, to be held by Mr. Pablo Fernando Quesada Gómez, who heads the Consumer, Commercial and Institution Business Banking department.
The new organizational structure includes the appointments of Mr. Alejandro Capote Garza as the new Head of SCIB; Ms. Ana Felisa López Escobar, as Head of Human Resources, replacing Mr. Juan Ignacio Echeverría Fernández; and Mr. Matías Núñez Castro, as Head of Digital, Innovation and Channels, replacing Ms. Maria Fuencisla Gómez Martín.
ABOUT BANCO SANTANDER MÉXICO (NYSE: BSMX BMV: BSMX)
Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México (Banco Santander México), one of the leading banks in Mexico, offers a wide range of products and financial services, including retail banking, financial advisory services, as well as other investment activities. Banco Santander Mexico offers a financial services platform focused on the middle and high-income segments of the population as well as small and medium companies. It also provides financial services to large multinational companies in Mexico. As of March 31, 2022, Banco Santander Mexico held total assets of Ps.1,734 billion pesos and had more than 20.1 million clients. Based in Mexico City, the company operates 1,345 branches and offices nationwide with a total of 25,342 employees.
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SOURCE Banco Santander México, S.A.
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.wbrc.com/prnewswire/2022/07/21/banco-santander-mxico-announces-structural-changes-its-ceo-position-senior-management/ | 2022-07-21T21:00:08Z | https://www.wbrc.com/prnewswire/2022/07/21/banco-santander-mxico-announces-structural-changes-its-ceo-position-senior-management/ | false |
MIAMI, July 21, 2022 /PRNewswire/ -- Fundviews Capital LLC today announced they will be joining The Female Advisor Network (FAN)'s Partner Marketplace.
Fundviews Capital, a fund management platform, provides wealth and asset managers with a solution to outsource the legal structure, back office, marketing and compliance aspects of fund management. By offering these services at FAN, Fundviews Capital is hoping to open doors for more female advisors in the alternative investment landscape.
Greg Poapst, Managing Partner at Fundviews Capital, says, "There has been an incredible push by many in the efforts of DE&I to bring new folks with new perspectives to the table across all industries. In financial advisement, we've made some progress but there is still much work to do. This starts with access to investments and providers, as well as sending the right message to young professionals and students—particularly women— that there is space for them in our industry.
Fundviews Capital is honored to be included in the Female Advisor Network's Partner Marketplace and is happy to support grass root networks that create safe and welcome spaces for all."
Nina O'Neal, Founder of The Female Advisor Network, says, "We are appreciative of the partnership and support of our mission and look forward to what can be accomplished through our collaboration with Fundviews Capital."
Founded in 2021, Miami-based Fundviews Capital LLC is a platform that provides a complete end-to-end fund management solution. For more information, visit fundviewscapital.com
The Female Advisor Network is a national membership organization for female financial advisors. The FAN mission is to empower all female financial advisors by providing a community of support, education, mentorship, and collaboration that is for female advisors by female advisors. For more information, visit femaleadvisornetwork.org
Contact: Greg Poapst, 786-386-0251, bd@fundviewscapital.com
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SOURCE Fundviews Capital LLC | https://www.wbrc.com/prnewswire/2022/07/21/fundviews-capital-llc-announces-new-partnership-with-female-advisor-network/ | 2022-07-21T21:02:37Z | https://www.wbrc.com/prnewswire/2022/07/21/fundviews-capital-llc-announces-new-partnership-with-female-advisor-network/ | false |
A problem with the brakes on a Polaris side-by-side led to a crash that killed the UTV driver, according to information from the Custer County Sheriff’s Office.
Kristin Curry of Hailey died after the July 9 accident near Trail Creek and Body Creek. According to the Sheriff’s Office report, Deputy Bryedon Brewer was sent to the crash site at 3:40 p.m. that Saturday. He said the side-by-side was on its side and Curry was lying near it, having sustained trauma to her head and body. EMTs told the deputy she was dead.
Two passengers riding with Currry told the deputy that they were traveling down a hill, Curry noticed the brakes weren’t working and the vehicle’s speed increased. Curry reportedly turned the wheel to the right and the UTV rolled. The passengers said Curry was not wearing a seatbelt.
Curry’s husband told Brewer that when he arrived at the crash scene, the UTV was on top of Curry and they used a winch on another ATV to pull the rig off Curry.
The reason William Hammond of Challis drove off the highway and struck a tree, which led to his death remains unclear, the report indicates.
Hammond was driving a Mercedes Benz Sprinter north on Idaho Highway 21 about 22 miles from Stanley when the July 7 crash occurred. His speed was estimated at 55 miles per hour in the 65 mph zone.
According to Deputy Greg Pitts’ report, the crash was reported at 3:41 p.m. When Pitts arrived at the site at 4:03 p.m. Forest Service firefighters and medics were on the scene assisting Hammond. Ambulance volunteers arrived at 4:10 p.m. and took over treatment, Pitts wrote. Hammond was put into an ambulance to be driven about a tenth of a mile where an air ambulance was to pick him up. At 5:08 p.m. Hammond died.
Hammond was reported to be driving slowly when he left the roadway and hit the tree. The first witnesses at the crash said he was conscious and breathing when first removed from the auto, but his condition worsened, the report states. | https://www.postregister.com/messenger/news/details-released-on-2-fatal-crashes/article_1178c9cd-5c30-50c3-b17a-5eb3dde5711c.html | 2022-07-21T21:03:47Z | https://www.postregister.com/messenger/news/details-released-on-2-fatal-crashes/article_1178c9cd-5c30-50c3-b17a-5eb3dde5711c.html | true |
Passengers climb out of windows during Boston train fire
SOMERVILLE, Mass. (AP) — One passenger jumped into a river and several others climbed out of windows when a Boston-area public transit train caught fire during the Thursday morning commute, officials said. The fire is the latest in a string of dangerous problems with the troubled system.
No injuries were reported, and the person who jumped into the water declined medical attention, a spokesperson for the Massachusetts Bay Transportation Authority said in a statement.
The MBTA’s inbound Orange Line train was crossing the Mystic River just north of Boston, approaching Assembly station in Somerville at about 6:45 a.m., when flames and smoke were spotted coming from the lead car, the statement said. About 200 passengers were on board, and most were walked off the train to a nearby station by MBTA personnel.
After the power was turned off, the train was brought to a railyard for an investigation, and infrastructure is being inspected. The MBTA has notified the Federal Transit Administration and the National Transportation Safety Board.
The train in question was 43 years old, MBTA spokesperson Joe Pesaturo said, and not one of several new Orange Line cars that were temporarily pulled from service recently when one car experienced a failure in its battery compartment. They have since been returned to service.
The Federal Transit Administration launched a review of Boston’s subway system in April following several accidents that led to injuries or death within the past year. The federal agency last month issued a series of directives to immediately address “longstanding issues” with the system’s “overall safety program and safety culture.”
Copyright 2022 The Associated Press. All rights reserved. | https://www.kwch.com/2022/07/21/passengers-climb-out-windows-during-boston-train-fire/ | 2022-07-21T21:05:00Z | https://www.kwch.com/2022/07/21/passengers-climb-out-windows-during-boston-train-fire/ | true |
ATLANTA, July 21, 2022 /PRNewswire/ -- The Propel Center, a first-of-its-kind ideation hub for Historically Black Colleges and Universities (HBCUs), today announced an exciting new collaboration with The Walt Disney Company designed to prepare promising young innovators for careers in the arts, media, entertainment and hospitality industries.
Revealed at the 2022 HBCU Philanthropy Symposium in D.C., the announcement detailed how Propel and Disney will work together to provide meaningful support, mentors, internships and a guest speakers series as part of the expansive opportunities being made available to the future storytellers and innovators from underrepresented communities. Through this collaboration, Disney will also work with HBCU faculty and other industry leaders to co-develop curriculum that will position students for successful recruitment into these desired professions.
The initial curriculum will focus on the areas of technology and hospitality where Disney has a significant number of entry-level career opportunities. The hope is to create a bridge between the academic training students receive and the job opportunities available to them in the industry.
"The launch of this new collaboration with The Walt Disney Company positions the Propel Center to continue its important work of providing unprecedented opportunities and access to HBCUs," said Anthony Oni, Education Farm's board chairman and the founder of Ed Farm and Propel. "This collaboration is much more than an important moment. It's also an opportunity to invest in HBCUs in ways that advance student learning and opportunities; while participating in the HBCU tradition of developing transformative leaders."
"At Disney, we know that technology and hospitality play a huge role in telling great stories and creating seamless consumer experiences. We want to give HBCU students the opportunity to build the skills necessary in these areas to help them succeed in their careers," said Jennifer Cohen, executive vice president, Corporate Social Responsibility, The Walt Disney Company. "With the help of Propel's network and expertise, we hope to reach more students and empower them with the experience and confidence to push storytelling forward."
Synonymous with pushing forward, "The Propel Center is a bold and transformational initiative impacting the entire HBCU ecosystem," said Waymond Jackson, CEO of Education Farm. "Through cutting-edge curriculum, innovative technology, trending thought leadership, and other opportunities such as the ones this exciting new Disney collaboration presents, Propel aims to elevate how HBCU scholars see and experience the world. By equipping them with the resources, training, and tools they need to become leaders who advance equity, transform the talent pipeline, and tell their stories, we are ensuring that they are prepared to fill and create the jobs of the future."
This collaboration with Propel is part of the Disney Future Storytellers initiative. Through social investments and collaborations such as these, Disney is increasing access to careers in storytelling and innovation for those who have been historically underrepresented. From arts and STEM programs for school-age children to scholarships, storytelling and technical skills-building programs for teens and young adults, Disney is helping today's youth to pursue their dreams, build their talents and skills, and become who they imagine they can be.
About Ed Farm
Education Farm (Ed Farm) was launched in February 2020 in Birmingham, Alabama to create programs designed to engage students, educators and adult learners in innovative digital skills experiences that better prepare them for the 21st-century workforce. Supported by founding partners Apple Inc. and Alabama Power Company, Ed Farm is expanding its ed-tech initiatives and its footprint across the country, building upon the existing programming and work taking place in Birmingham.
About Propel Center
Imagined by Ed Farm and founding partners Apple Inc. and Southern Company, the Propel Center is a first-of-its-kind innovation hub for the entire HBCU community of colleges serving as a catalytic epicenter of learning, providing students with the knowledge, skills, tools and resources necessary to transform the nation's talent pipeline and workforce. Through a robust virtual platform, on-campus activities at partner institutions and a physical campus to be located near the Atlanta University Center, Propel will provide innovative curricula and unprecedented leadership opportunities in order to produce the next generation of Black leaders. To learn more, visit propelcenter.org.
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SOURCE PropelCenter.org | https://www.wbrc.com/prnewswire/2022/07/21/propel-center-walt-disney-company-announce-new-collaboration-designed-curate-next-cohort-storytellers-innovators-hbcus/ | 2022-07-21T21:05:23Z | https://www.wbrc.com/prnewswire/2022/07/21/propel-center-walt-disney-company-announce-new-collaboration-designed-curate-next-cohort-storytellers-innovators-hbcus/ | false |
4 ATP men's tournaments in China canceled over COVID concerns
The WTA suspended all 2022 events of the Peng Shuai saga
The ATP men's tennis tour is canceling all four of its tournaments held in China this year, citing COVID-19 restrictions.
The Rolex Shanghai Masters, China Open, Chengdu Open and Zhuhai Championships were called off by the ATP on Thursday. It is the third consecutive year that the tour scrapped its China swing, which usually runs after the U.S. Open in September and October.
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The ATP filled out that section of its calendar with six tournaments given single-year event licenses: San Diego on Sept. 19-25; Seoul, South Korea, and Tel Aviv, Israel, on Sept. 26 to Oct. 2; Florence, Italy, and Gijon, Spain, on Oct. 10-16; and Naples, Italy, on Oct. 17-23.
Late last year, the WTA suspended all of its 2022 events in China because of concerns about the safety of Peng Shuai, a Grand Slam doubles champion who accused a former government official there of sexual assault. WTA CEO Steve Simon told The Associated Press at the time those tournaments could also be canceled beyond this year. | https://www.foxnews.com/sports/4-atp-mens-tournaments-in-china-canceled-over-covid-concerns | 2022-07-21T21:06:22Z | https://www.foxnews.com/sports/4-atp-mens-tournaments-in-china-canceled-over-covid-concerns | false |
Company also declares preferred stock dividend
STAMFORD, Conn., July 21, 2022 /PRNewswire/ -- Synchrony Financial (NYSE: SYF) announced today that its Board of Directors declared a quarterly cash dividend of $0.23 per share of common stock, payable on August 11, 2022 to holders of record at the close of business on August 1, 2022.
The Board of Directors also declared a quarterly cash dividend on the outstanding shares of its 5.625% Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series A (the "Series A Preferred Stock"). Each outstanding share of the Series A Preferred Stock is represented by depositary shares, each representing a 1/40th interest in a share of Series A Preferred Stock. The dividend of approximately $14.06 per share (equivalent to $0.351563 per outstanding depositary share) is payable on August 15, 2022 to holders of record at the close of business on August 1, 2022.
About Synchrony
Synchrony (NYSE: SYF) is a premier consumer financial services company delivering one of the industry's most complete digitally-enabled product suites. Our experience, expertise and scale encompass a broad spectrum of industries including digital, health and wellness, retail, telecommunications, home, auto, outdoor, pet and more. We have an established and diverse group of national and regional retailers, local merchants, manufacturers, buying groups, industry associations and healthcare service providers, which we refer to as our "partners." We connect our partners and consumers through our dynamic financial ecosystem and provide them with a diverse set of financing solutions and innovative digital capabilities to address their specific needs and deliver seamless, omnichannel experiences. We offer the right financing products to the right customers in their channel of choice. For more information, visit www.synchrony.com and Twitter: @Synchrony.
Contacts
Investor Relations:
Kathryn Miller
Synchrony
InvestorRelations@syf.com
(203) 585-6291
Media Relations:
Lisa Lanspery
Synchrony
lisa.lanspery@syf.com
203-585-6143
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SOURCE Synchrony | https://www.wbrc.com/prnewswire/2022/07/21/synchrony-announces-quarterly-common-stock-dividend-023-per-share/ | 2022-07-21T21:06:38Z | https://www.wbrc.com/prnewswire/2022/07/21/synchrony-announces-quarterly-common-stock-dividend-023-per-share/ | false |
HAMILTON, Bermuda, July 21, 2022 /PRNewswire/ -- Höegh LNG Partners LP (the "Partnership") (NYSE: HMLP) announced today that its board of directors (the "Board") has declared a quarterly cash distribution with respect to the quarter ended June 30, 2022, of $0.01 per unit for the common units. The cash distribution for the common units will be paid on August 12, 2022, to all common unitholders of record as of the close of the business on August 1, 2022.
The Partnership also announced that the Board declared a cash distribution of $0.546875 per 8.75% Series A preferred unit. The cash distribution for the 8.75% Series A preferred units will be paid on August 15, 2022, to all 8.75% Series A preferred unitholders of record as of the close of the business on August 8, 2022.
This press release includes statements that may constitute forward-looking statements. Such forward-looking statements are subject to a variety of known and unknown risks, uncertainties, and other factors that are difficult to predict and many of which are beyond management's control. Factors that can affect future results are discussed in the registration statement filed by Höegh LNG Partners LP with the U.S. Securities and Exchange Commission (SEC), which is available via the SEC's web site at www.sec.gov. Höegh LNG Partners LP undertakes no obligation to update or revise any forward-looking statement to reflect new information or events.
Contact:
The IGB Group, Bryan Degnan, +1 (646) 673-9701 / Leon Berman, +1 (212) 477-8438
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SOURCE Hoegh LNG Partners LP | https://www.kfyrtv.com/prnewswire/2022/07/21/hegh-lng-partners-lp-cash-distributions-second-quarter-2022/ | 2022-07-21T21:06:43Z | https://www.kfyrtv.com/prnewswire/2022/07/21/hegh-lng-partners-lp-cash-distributions-second-quarter-2022/ | false |
A new college history course at Texas State University will focus on Harry Styles and the culture of celebrity. Starting next spring, roughly 20 lucky undergraduate students will get to learn how — as the pop star so famously put it — "it's not the same as it was."
Louie Dean Valencia, a professor of digital history and a longtime Styles fan, announced on Twitter over the weekend that the university's honors college had approved his course, "Harry Styles and the Cult of Celebrity: Identity, the Internet and European Pop Culture," for the spring of 2023.
That post has since racked up more than 10,000 likes, inspired coverage from media outlets around the world and prompted, in Valencia's estimation, hundreds of messages.
"If nothing else, the fact that this course has gotten so much global attention means maybe I know *something* about how celebrity culture works," he later tweeted. "I want students to not just learn about contemporary history, but hard skills they can use! Like how to manage a social media campaign!"
A flier for the course says it will focus on Styles and popular European culture to better understand the cultural and political development of the modern celebrity, covering a range of topics including gender and sexuality, internet culture, media, class and consumerism. Students will practice evaluating sources, sharpen their visual and auditory analysis and learn technical skills such as audio editing as they work toward their final project, a podcast.
Valencia's own work focuses mostly on countercultures, specifically fascist and anti-fascist youth cultures in 20th century Europe. But he had to put his research — most recently, a comparative history of HIV/AIDS across European cities — on hold when the coronavirus pandemic struck.
Valencia tells NPR in a phone interview that he started two new projects during his locked-down summer of 2020: learning the electric guitar, and writing a book about how the world has changed over the last decade through the lens of Styles. Two years later, he's made measurable progress.
"As my guitar instructor would happily say, if you record me and then speed it up times two, it almost sounds like a normal song," Valencia says and laughs. "As far as the book, it's very close to completion."
He's ending the book with a chapter comparing the scenes and experiences at different Styles concerts, and still has a few more on his calendar — one in Madrid next week, three in Austin in the fall. Plus, Valencia says he may have to add another chapter about the events of the last week, adding that "it may get a little meta in the end."
The research Valencia has done for his book — as well as his personal proclivity for One Direction and Styles — helped him shape the direction (no pun intended) of the class. But as he explains, the process of planning, developing and getting approval wasn't exactly straightforward.
He hatched and developed the idea during the pandemic
Valencia is eager to talk about his own love of Styles' music, and the role it's played in his own personal and professional life.
He was working on his Ph.D. from 2010 to 2016, the exact years that One Direction was active (not to mention a worldwide sensation). As a historian of fascism often working with dark material, Valencia says he appreciated the band's uplifting music and feel-good environment at its concerts. Valencia then took a one-year teaching position at Harvard in 2017 — exactly as Styles' solo career was ramping up.
"As I was getting my own legs, seeing how he was developing as an artist, as a person wanting to be taken seriously, maybe, in a world that doesn't necessarily always feel like it's welcoming to you ... I think when he went off as a solo artist it particularly resonated with me in a lot of ways," he recalls.
Valencia had been teaching at Texas State for several years when the pandemic hit. He first taught completely remotely and then in a masked, socially distanced classroom, which he says made it hard to connect with students. He found that talking more openly and passionately about his own interests — namely, his appreciation for Styles — at the beginning or end of class helped break through those boundaries.
"Whenever I would do that, students would open up with their own interests in music, sometimes they overlapped with mine, and a lot of times we had really good conversations with the themes in his music," he said, pointing to Styles' performances and activism.
It's not unprecedented for colleges to offer courses on contemporary music icons: Several have created classes around Beyoncé, a University of South Carolina professor taught a sociology class about Lady Gaga and New York University's Clive Davis Institute recently introduced a class about Taylor Swift (who received an honorary doctorate of fine arts from the university earlier this spring).
Valencia approached the honors college dean in the fall of 2021 with the idea for a class, and wrote what ended up being a 23-page proposal during winter break. A lengthy process and seven months later, the course is officially on the books.
Now Valencia is hearing from scores of people who are excited about the class. People of all ages want to enroll, some want to follow along with the discussions online, others even want him to incorporate their fan poetry into the syllabus.
Valencia estimates he has received close to a thousand emails and messages in the past week, and says he's been "flabbergasted" by the positive response. In fact, between fielding media requests and savoring the messages, he hasn't quite been able to respond to them.
"I'm actually trying to think about how to answer all of these questions in a way that is showing as much love as people have been showing in their messaging," he says. Or, as Styles likes to say, treating people with kindness.
Students will study the historical record and produce a podcast
The class is open to undergraduate students in the university's honors college, but not limited to history majors.
Classes with lots of interest typically choose students through a lottery system, and Valencia says modestly that he thinks that might be the case for this one.
Once students get their coveted spots, what exactly will they spend the next 15 weeks studying?
Valencia says that to stick to the facts, they are only looking at things that Styles himself has put on the public record. Those include his music, films and products, interviews and the musical and literary influences he's discussed in the past, from Susan Sontag to Haruki Murakami to Alain de Botton.
The course will mostly proceed chronologically, with themes varying by the day. Of course, Valencia adds, it will examine the One Direction and Styles solo albums in order.
He says he's especially excited to teach a history class that focuses on recent events, a relative rarity in the field. Plus, he notes, younger first-year students may not even remember some of the moments and trends that the class will cover in its 12-year span.
"I think a class like this has a benefit of really exploring what changes have happened over the last 12 years, and helps put that in context for students in a way that complements other classes in history departments that kind of give those other perspectives that maybe are in the distant past or larger periods of time," Valencia says.
Students will talk about things like how Brexit impacted Styles' tours and products, as well as social issues that Styles has spoken out about, including the Black Lives Matter movement and gun control.
Valencia says that in addition to a participation grade, students will be assessed as they complete the incremental pieces of their podcast, like research, scripting, audio editing and peer review.
He envisions the final product as a series of podcast episodes that are distinct enough to cover a range of topics, but cohesive enough to be packaged as a single series and released online for a wider audience.
The class is capped at 20, at least for now
Valencia plans to meet with university officials to think through some possible ways of meeting demand. He estimates it would probably take him another six months to develop an online version of the class, which people have already asked about.
"I kind of assumed nobody wanted another online class again," he said. "I was like, 'Oh, plot twist!' "
In any case, he is hoping to offer this class as many times as the university will let him.
And to answer another question on everyone's' minds: No, Styles himself isn't scheduled to make a guest appearance — at least not yet. Valencia says he would love that, but doesn't know how to go about getting into contact with the star's team.
Short of a celebrity guest star, what are his other dreams for the class? Valencia says he has one big one, though acknowledges it may sound kind of cheesy:
"I would love for students to leave the class feeling a fraction of the self-love that many of Harry's fans have when they leave his concerts," he says. "And also thinking that maybe they now have the tools to do something in the world."
Copyright 2022 NPR. To see more, visit https://www.npr.org. | https://www.wvasfm.org/arts/arts/2022-07-21/music-for-a-college-classroom-a-texas-school-will-soon-offer-a-harry-styles-class | 2022-07-21T21:07:20Z | https://www.wvasfm.org/arts/arts/2022-07-21/music-for-a-college-classroom-a-texas-school-will-soon-offer-a-harry-styles-class | false |
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- Queen, Dreamer's Ball
20th July 2022
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Elsie Black
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Hola! I'm from a little town and I love reading, travelling, music and photography. In my head, everything has a soundtrack. I have a whole fictional...
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PURCHASE, N.Y., July 21, 2022 /PRNewswire/ -- The Board of Directors of PepsiCo, Inc. (NASDAQ: PEP) today declared a quarterly dividend of $1.15 per share of PepsiCo common stock, a 7 percent increase versus the comparable year-earlier period. Today's action is consistent with PepsiCo's previously announced increase in its annualized dividend to $4.60 per share from $4.30 per share, which began with the June 2022 payment. This dividend is payable on September 30, 2022 to shareholders of record at the close of business on September 2, 2022. PepsiCo has paid consecutive quarterly cash dividends since 1965, and 2022 marked the company's 50th consecutive annual dividend increase.
About PepsiCo
PepsiCo products are enjoyed by consumers more than one billion times a day in more than 200 countries and territories around the world. PepsiCo generated more than $79 billion in net revenue in 2021, driven by a complementary beverage and convenient foods portfolio that includes Lay's, Doritos, Cheetos, Gatorade, Pepsi-Cola, Mountain Dew, Quaker, and SodaStream. PepsiCo's product portfolio includes a wide range of enjoyable foods and beverages, including many iconic brands that generate more than $1 billion each in estimated annual retail sales.
Guiding PepsiCo is our vision to Be the Global Leader in Beverages and Convenient Foods by Winning with PepsiCo Positive (pep+). pep+ is our strategic end-to-end transformation that puts sustainability and human capital at the center of how we will create value and growth by operating within planetary boundaries and inspiring positive change for planet and people. For more information, visit www.pepsico.com.
Cautionary Statement
Statements in this release that are "forward-looking statements" are based on currently available information, operating plans and projections about future events and trends. Forward-looking statements inherently involve risks and uncertainties. For information on certain factors that could cause actual events or results to differ materially from our expectations, please see PepsiCo's filings with the Securities and Exchange Commission, including its most recent annual report on Form 10-K and subsequent reports on Forms 10-Q and 8-K. Investors are cautioned not to place undue reliance on any such forward-looking statements, which speak only as of the date they are made. PepsiCo undertakes no obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise.
Contact: pepsicomediarelations@pepsico.com
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SOURCE PepsiCo, Inc. | https://www.kfyrtv.com/prnewswire/2022/07/21/pepsico-declares-quarterly-dividend/ | 2022-07-21T21:08:42Z | https://www.kfyrtv.com/prnewswire/2022/07/21/pepsico-declares-quarterly-dividend/ | false |
OKLAHOMA CITY, July 21, 2022 /PRNewswire/ -- PHX MINERALS INC., "PHX," (NYSE: PHX), today announced it will release results for its fiscal 2022 third quarter ended June 30, 2022, on Monday, Aug. 8, 2022, following the close of trading on the New York Stock Exchange. Additionally, the Company will host a conference call to discuss the results at 11:00 a.m. EDT on Aug. 9, 2022. Management's discussion will be followed by a question and answer session with investors. To participate on the conference call, please dial 877-407-3088 (domestic) or 201-389-0927 (international).
The news release will be available at www.phxmin.com in the "Investors" section. A replay of the conference call will be available by dialing 877-660-6853 and using the access code 13731836.
PHX Minerals Inc. (NYSE: PHX) Oklahoma City-based, PHX Minerals Inc. is a natural gas and oil mineral company with a strategy to proactively grow its mineral position in its core areas of focus. PHX owns approximately 75,000 net leased mineral acres principally located in Oklahoma, Louisiana, Texas, North Dakota, and Arkansas. Additional information on the Company can be found at www.phxmin.com.
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SOURCE PHX MINERALS INC. | https://www.kfyrtv.com/prnewswire/2022/07/21/phx-minerals-inc-announce-fiscal-2022-third-quarter-results-host-earnings-call-aug-9-2022/ | 2022-07-21T21:08:55Z | https://www.kfyrtv.com/prnewswire/2022/07/21/phx-minerals-inc-announce-fiscal-2022-third-quarter-results-host-earnings-call-aug-9-2022/ | false |
Extremely rare bird hatches at Topeka Zoo
TOPEKA, Kan. (WIBW) - The Topeka Zoo announced a critically endangered bird hatched in its rainforest habitat for the first time in five years on July 2.
The Bali Myna is one of the rarest birds in the world and faces extinction in the wild. The hatchling at the zoo represents another chance to boost the population and long-term sustainability of the species.
“Bali mynas are one of the most endangered species we care for here at the Topeka Zoo and Conservation Center,” Joe Maloney, Topeka Zoo employee, said.
In 2001, it was estimated there was only six Bali Myna in their native habitat of Indonesia due to illegal trapping for the caged song-bird trade. It is now estimated that fewer than 100 adults currently exist in the wild.
The Bali Myna can be seen in the tropical rainforest at the zoo. Their distinct plumage and calls make them one of the most recognizable animals in the rainforest.
“Bali Myna are one of the most beautiful and vocal birds in our rainforest dome,” Maloney said. “They are a bright white bird with gorgeous birds around their eyes. Both males and females have crests on their heads that will raise up when they are engaged in their courtship displays.”
Those interested in viewing the Bali Myna and other animals can visit the Topeka Zoo and Conservation Center daily from 9:00-5:00 p.m.
Copyright 2022 WIBW. All rights reserved. | https://www.kwch.com/2022/07/20/extremely-rare-bird-hatches-topeka-zoo/ | 2022-07-21T21:09:14Z | https://www.kwch.com/2022/07/20/extremely-rare-bird-hatches-topeka-zoo/ | false |
LOS ANGELES, July 21, 2022 /PRNewswire/ -- Live Nation Entertainment, Inc. (NYSE: LYV), the world's leading live entertainment company, will release its second quarter financial results after market hours on Thursday, August 4, 2022. Michael Rapino, Live Nation Entertainment's President and Chief Executive Officer, will host a teleconference that day at 2:00 p.m. PT (5:00 p.m. ET) to discuss the company's financial performance, operational outlook, and other forward-looking matters.
A live webcast of the call will be accessible from the "News / Events" section of the company's website at investors.livenationentertainment.com. All interested parties can register for the webcast under the same link. Supplemental statistical and financial information to be provided on the call, if any, will be posted to the "Financial Information" section of the website.
About Live Nation Entertainment
Live Nation Entertainment (NYSE: LYV) is the world's leading live entertainment company comprised of global market leaders: Ticketmaster, Live Nation Concerts and Live Nation Sponsorship. For additional information, visit www.livenationentertainment.com.
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SOURCE Live Nation Entertainment | https://www.kalb.com/prnewswire/2022/07/21/live-nation-entertainment-schedules-second-quarter-2022-earnings-release-teleconference/ | 2022-07-21T21:09:35Z | https://www.kalb.com/prnewswire/2022/07/21/live-nation-entertainment-schedules-second-quarter-2022-earnings-release-teleconference/ | false |
No Change to Portfolio Management Teams
HARTFORD, Conn., July 21, 2022 /PRNewswire/ -- The Board of Trustees of Virtus Artificial Intelligence & Technology Opportunities Fund (NYSE: AIO), Virtus Convertible & Income 2024 Target Term Fund (NYSE: CBH), Virtus Convertible & Income Fund (NYSE: NCV), Virtus Convertible & Income Fund II (NYSE: NCZ), Virtus Diversified Income & Convertible Fund (NYSE: ACV), Virtus Equity & Convertible Income Fund (NYSE: NIE), and Virtus Dividend, Interest & Premium Strategy Fund (NYSE: NFJ) has approved new subadvisory agreements between the funds' investment adviser, Virtus Investment Advisers, Inc., and Voya Investment Management Co. LLC ("Voya IM"). Shareholders of each fund will be asked to approve those agreements.
Voya IM would replace the current subadviser, Allianz Global Investors U.S. LLC ("AllianzGI"), which has been terminated as subadviser effective July 25, 2022. On that date, each fund's current AllianzGI portfolio management team is expected to transition to Voya IM and continue to manage the funds under interim subadvisory agreements pending shareholder approval of the new subadvisory agreements. Virtus Investment Advisers continues as investment adviser to each fund under current investment advisory agreements. There would be no changes to the investment objectives or investment strategies of any of the funds.
Additional information on the proposed subadvisory arrangements will be provided to shareholders in a proxy statement that will be filed with the U.S. Securities and Exchange Commission and will be available at sec.gov and on each fund's page through the Closed-End Funds section of virtus.com.
As previously disclosed, on May 17, 2022, AllianzGI resolved certain government charges about matters unrelated to the funds with the U.S. Securities and Exchange Commission and Department of Justice. As a result of the settlement, AllianzGI is not permitted to manage U.S. registered open- and closed-end funds. On June 13, 2022, AllianzGI announced that it had entered into an agreement with Voya IM to transfer the investment teams who currently manage the funds to Voya IM. Under the terms of the settlement, AllianzGI is required to bear all expenses associated with the transition of these funds, including expenses associated with obtaining necessary shareholder approvals.
For more information on these funds, contact shareholder services at (866) 270-7788 or by email at closedendfunds@virtus.com.
Fund Risks
An investment in a fund is subject to risk, including the risk of possible loss of principal. A fund's shares may be worth less upon their sale than what an investor paid for them. Shares of closed-end funds may trade at a premium or discount to their net asset value. For more information about each fund's investment objective and risks, please see the Fund's annual report. A copy of the Fund's most recent annual report may be obtained free of charge by contacting Shareholder Services as set forth at the end of this press release.
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SOURCE Virtus Artificial Intelligence & Technology Opportunities Fund; Virtus Convertible & Income 2024 Target Term Fund; Virtus Convertible & Income Fund; Virtus Convertible & Income Fund II; Virtus Diversified Income & Convertible Fund; Virtus Equity & Convertible Income Fund; Virtus Dividend, Interest & Premium Strategy Fund | https://www.kwch.com/prnewswire/2022/07/21/certain-virtus-closed-end-funds-announce-shareholder-proposal-new-subadvisory-agreements/ | 2022-07-21T21:11:08Z | https://www.kwch.com/prnewswire/2022/07/21/certain-virtus-closed-end-funds-announce-shareholder-proposal-new-subadvisory-agreements/ | false |
- Fourth Quarter Operating Income Up $55.8M on 28% YOY Higher Revenue of $514.4M
- Company Expects Full Year 2023 Revenue to Increase 8%-10% Versus Fiscal 2022
- Regular Quarterly Dividend Raised 33% to $0.20 Per Share
NEW YORK, July 21, 2022 /PRNewswire/ -- Scholastic Corporation (NASDAQ: SCHL), the global children's publishing, education and media company, today reported financial results for the Company's fiscal fourth quarter and full year ended May 31, 2022. Scholastic recorded significant revenue and operating income gains in both reporting periods, led by increased in-person book fairs and record revenue-per-fair levels in the U.S. book fairs channel, as well as strong demand for the Company's educational offerings.
As previously announced, reflecting confidence in the Company's performance and outlook, its Board of Directors also approved a 33% increase in its regular quarterly cash dividend to $0.20 per share from $0.15 per share on the Company's Class A and Common Stock for the first quarter of fiscal 2023. The dividend is payable on September 15, 2022 to shareholders of record as of the close of business on August 31, 2022.
Company Commentary from Peter Warwick, Scholastic President & CEO
"Scholastic's strong fourth fiscal quarter and full-year results were driven by the success of our strategic and operational initiatives, and the ever growing demand for our products by children, parents and our long-standing school partners."
"It's clear that Scholastic has emerged from the challenges of the pandemic even stronger and better positioned for future sustainable growth, as indicated by our higher expectations for fiscal 2023 and the recently announced increase in our regular quarterly dividend. Scholastic's employees did an amazing job fulfilling our Company mission during these uncertain times by embracing every opportunity to increase collaboration and foster innovation."
"Looking ahead to fiscal 2023 and beyond, we see continuing demand for our products and services deeply rooted in the fundamental role of our engaging independent reading materials in the learning goals of children. This goes beyond recovery as there is a renewed focus on the benefits that independent reading and book ownership have for young readers and their overall development. As educators, parents and policymakers look to close the learning gaps exacerbated by the pandemic, Scholastic will continue to be a trusted and preferred partner. In addition, our popular and highly-valued intellectual property will fuel our growth and financial performance, as we continually expand and refresh our deep library of content."
Revenues increased 28% driven primarily by the return of in-person book fairs and the historically high revenue-per-fair as well as the continued growth in educational product sales due to the high demand for independent reading for children.
Operating Income increased $55.8M to $65.5M while Adjusted EBITDA (a non-GAAP measure of operations explained in the accompanying tables) increased 39% to $88.5M. These increases are indicative of the Company's ongoing efforts to improve operational efficiencies by streamlining distribution channels and focusing on intelligent spending throughout the Company.
Children's Book Publishing and Distribution
Book Fairs revenues increased $85.1M on historically high revenue-per-fair levels on 72% of pre-pandemic in-person fair count.
Trade revenues increased $6.6M primarily driven by key frontlist publishing and backlist titles from the Company's best-selling series that continue to resonate with customers.
Book Clubs revenues decreased $10.3M as a result of the residual effects of the labor and system issues experienced earlier in the fiscal year.
Education Solutions
Higher revenues of $31.9M were driven by the increased demand for educational materials needed to support a generation of students affected by the COVID pandemic. The Company experienced an increase in sales of family and community engagement and summer reading offerings in the fourth quarter, as well as higher sales of its Scholastic LiteracyTM and Rising Voices Library®.
Demand continues to benefit, in part, from government financed programs such as ESSER, the Elementary and Secondary School Emergency Relief Fund, which provides direct funding to states and districts, and from state-driven programs as seen in the New Worlds Reading Initiative, which exceeded its enrollment target in the first year of a five year contract.
International
In the major markets, revenue increased $4.5M, primarily driven by the performance of the book fairs channel in both the UK and Canada markets. Business in Australia and New Zealand was adversely affected by the later timing of COVID-related shutdowns when compared to the other markets.
Revenues in Asia decreased as the Company exited its direct sales business, which is no longer a strategic fit for the Company's future growth strategy, and China continued to be impacted by restrictive government regulations on after-school tutoring programs as well as pandemic-related shutdowns.
Overhead
Excluding one-time items, overhead costs increased $13.4M which was primarily related to an increase in employee-related costs arising from inflationary pressures on labor, including unallocated wages from the Company's Missouri distribution facilities as well as higher accrued bonuses and salary-related benefit costs.
Revenues increased 26% primarily driven by the return of in-person book fairs resulting in higher revenues of $265.4M. Education Solutions revenue increased $81.3M on overall higher demand with improved sales of the Company's culturally-responsive products such as Rising Voices Library, early childhood products such as PreK On My WayTM, summer reading programs and Scholastic Literacy.
Operating Income of $97.4M (and Adjusted EBITDA of $188.9M) are indicative of the recovery of the U.S. book fairs business which benefited from minimal incremental distribution costs associated with higher revenue per fair. The Company also had overall lower selling, general and administrative expenses as a percentage of revenue which is indicative of the effectiveness of the Company's cost saving initiatives and improved operational efficiencies.
The $155.0M increase in cash provided by operating activities and the $162.3M increase in free cash flow (a non-GAAP measure of operations explained in the accompanying tables) versus the prior period were primarily driven by $390.0M in higher customer collections on the increase in revenues as well as $54.0M in higher net federal tax refunds. This was partially offset by higher inventory purchases of $112.4M, increased payroll related payments, higher postage and freight charges, and a $13.4M net settlement of an intellectual property litigation matter. Higher cash balances will afford the Company financial flexibility to pursue strategic growth initiatives.
The Company distributed $5.2M in dividends in the fourth quarter and has reacquired 870,258 shares of its common stock for $33.4M in fiscal year 2022. As previously disclosed, this included a privately negotiated transaction with a related party for 300,000 common shares at a 4.2% discount to market prices. In addition, during the fourth fiscal quarter, the Company entered into a privately negotiated transaction with a third party for the repurchase of 190,290 common shares at a 4.0% discount to market prices. The Company expects to continue open market repurchases of its shares for the foreseeable future.
Outlook
In fiscal 2023, the Company expects the overall demand for independent reading resources at home and in school to remain strong, and management will continue to reallocate investments to yield the best returns by focusing on the value of the Company's intellectual property, expanding its education solutions channel and, where appropriate, adjust product pricing.
In the book fairs channel, the Company will strategically increase fair count, anticipating 85% pre-pandemic levels, while maintaining strong revenue per fair, continuing to leverage improved distribution efficiencies and sales and marketing efforts. Labor and system issues in the book clubs channel have been mitigated and higher operating incomes are expected on improved customer confidence. The Company is also excited about new releases in the trade channel from some of the most popular best-selling series and authors such as Wings of FireTM GraphixTM by Tui Sutherland, Cat Kid Comic Club®: Collaborations by Dav Pilkey, Brian Selznick's Big Tree and many more. The Company's content benefited from on-screen adaptations such as Dreamworks' The Bad GuysTM and Netflix's HeartstopperTM in fiscal 2022 and moving forward Scholastic Entertainment has 35+ projects in development, some of which will impact next fiscal year, such as Eva the OwletTM, a new animated kids and family series on AppleTV+ based on the New York Times bestselling Scholastic book series "Owl Diaries"TM by award-winning author Rebecca Elliott.
The Company anticipates increased demand of its educational products supported by continued government-related funding programs, as well as improvements in Education Solutions' sales and marketing efforts. The Company will enter its second year of the New Worlds Reading Initiative, which will begin in the second fiscal quarter, and will look for future state-sponsored programs opportunities as they arise. The sales of Scholastic Magazines+TM have reached near pre-pandemic levels with distribution of over 125M units of digital and physical product to children throughout the U.S. The Company will prudently increase spending to improve cross-selling initiatives and data-driven selling opportunities which will benefit future periods but will impact next fiscal year, decreasing operating income.
Internationally, the Company is expecting modest improvement in operating profits as the major markets continue to recover from the impacts of the global pandemic and Asia benefits from the Company's strategic exit of the low-margin direct sales business.
Overhead costs are expected to increase next year due to higher salary related costs as a result of continuing inflationary pressures and an increase in spending on transformative and digital services as the Company invests in future growth opportunities. The Company will continue to explore further opportunities for measured cost savings with process improvements and automation, product rationalization and overall improvements in resource allocation to increase shareholder value.
The Company expects fiscal year 2023 revenues to increase 8%-10% and has set an Adjusted EBITDA (as defined in the accompanying tables) target for fiscal year 2023 of $195M to $205M, up from $188.9M in fiscal 2022.
Additional Information
To supplement our financial statements presented in accordance with GAAP, we include certain non-GAAP calculations and presentations including, as noted above, "Adjusted EBITDA" and "Free Cash Flow". Please refer to the non-GAAP financial tables attached to this press release for supporting details on the impact of one-time items on operating income, net income and diluted EPS, and the use of non-GAAP financial measures included in this release. This information should be considered as supplemental in nature and not as a substitute for the related financial information prepared in accordance with GAAP.
Conference Call
The Company will hold a conference call to discuss its results at 4:30 p.m. ET today, July 21, 2022. Peter Warwick, Scholastic President and Chief Executive Officer, and Kenneth Cleary, the Company's Chief Financial Officer, will moderate the call.
The conference call and accompanying slides will be webcast and accessible through the Investor Relations section of Scholastic's website, www.investor.scholastic.com. To access the conference call by phone, please go to this link (registration link), and you will be provided with dial in details. To avoid delays, we encourage participants to dial into the conference call fifteen minutes ahead of the scheduled start time. Shortly following the call, an archived webcast and accompanying slides from the conference call will also be posted at investor.scholastic.com.
About Scholastic
For more than 100 years, Scholastic Corporation (NASDAQ: SCHL) has been encouraging the personal and intellectual growth of all children, beginning with literacy. Having earned a reputation as a trusted partner to educators and families, Scholastic is the world's largest publisher and distributor of children's books, a leading provider of literacy curriculum, professional services, and classroom magazines, and a producer of educational and entertaining children's media. The Company creates and distributes bestselling books and e-books, print and technology-based learning programs for pre-K to grade 12, and other products and services that support children's learning and literacy, both in school and at home. With 15 international operations and exports to 165 countries, Scholastic makes quality, affordable books available to all children around the world through school-based book clubs and book fairs, classroom libraries, school and public libraries, retail, and online. Learn more at www.scholastic.com.
Forward-Looking Statements
This news release contains certain forward-looking statements relating to future periods. Such forward-looking statements are subject to various risks and uncertainties, including those arising from the continuing impact of COVID-19 related measures taken by governmental authorities, school administrators, or suppliers or customers which may curtail or otherwise adversely affect certain of the Company's business operations, and the conditions of the children's book and educational materials markets generally and acceptance of the Company's products within those markets, and other risks and factors identified from time to time in the Company's filings with the Securities and Exchange Commission. Actual results could differ materially from those currently anticipated.
SCHL: Financial
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SOURCE Scholastic Corporation | https://www.kalb.com/prnewswire/2022/07/21/scholastic-reports-fourth-quarter-fiscal-2022-results-led-by-record-revenue-per-fair-levels-strong-education-solutions-sales/ | 2022-07-21T21:11:54Z | https://www.kalb.com/prnewswire/2022/07/21/scholastic-reports-fourth-quarter-fiscal-2022-results-led-by-record-revenue-per-fair-levels-strong-education-solutions-sales/ | true |
LAS VEGAS, July 21, 2022 /PRNewswire/ -- AXES.ai ("AXES" or the "Company") and Flexia Payments LLC ("Flexia") are pleased to announce a strategic alliance to unite Open and Closed Payments into one seamless, frictionless customer experience.
This partnership will enable AXES to integrate and deliver all of Flexia's Fintech capabilities, including linked open loop cashless customer accounts, as well as Know Your Client (KYC) and Anti-Money Laundering (AML) screening, which will be coupled with AXES' real-time customer dashboards and alerts to the entire AXES Cloud, comprised of Closed loop Cashless Platform, Loyalty and Engagement platform, Business Intelligence Platform and the DooH Media Platform.
"I am over the moon," stated Earle G. Hall, President & CEO of AXES. "The Flexia Open Loop Cashless Solution is simply extraordinary. The customer onboarding process is seamless and frictionless and with the AXES loyalty and engagement engine, we plan on making it fun and rewarding. The Flexia company culture is what sealed the deal for us as beyond great technology, they are great people. We will have the entire solution fully integrated and on demonstration in our booth at G2E."
"The AXES Cloud is quite unique in that it offers the functionality of all casino systems combined into one environment," stated Craig Libson, CEO of Flexia. "AXES has been doing cashless in casinos for ten years and has integrated loyalty, engagement, rewards, promotions and real-time notifications and alerts from their business intelligence engine. Like Flexia, AXES was built with a next-gen view of what the industry needs and the ability to seamless interact with complimentary platforms. This brings the Flexia cashless solution to a whole new level of casino touch points, as we can actively engage and educate throughout the customer journey to ensure the migration to cashless is a success. We are very excited to be demonstrating the functional solution in our booth at G2E."
AXES and Flexia will each be exhibiting at the Global Gaming Expo in Las Vegas, NV from October 11-13, 2022. To learn more about this partnership, please stop by AXES' booth 2844 and Flexia's booth 3012.
Flexia, a specialty Fintech company, transforms the customer experience with a truly cashless solution – providing players ease and flexibility to fund their gaming accounts and extending casino loyalty benefits beyond the walls of the casino. The Flexia® Cashless Solution has modernized digital payments by linking gaming accounts with the external payments ecosystem and enabling customers to earn loyalty points for spend outside the casino. Flexia is the only provider to combine multiple accounts – casino and online wagering accounts, casino loyalty program, and a Flexia Prepaid Mastercard® – into a single cashless solution. Learn more at FlexiaPayments.com.
AXES.ai, is a world-class Fintech, present in more than 40 countries. The AXES Cloud comprises four platforms: Cashless, Loyalty and Engagement, Business Intelligence, and DooH Media. AXES Fintech integrates the entire cashless digital workflow from open to closed loop, cashier, kiosks, and the flagship all-inclusive Butler player APP. AXES Media boasts a highly engaging interactive media experience to broadcast publicity, ads, information, and clickable content and is fully integrated with the AXES Cashless Experience. AXES empowers governments, casinos, and route/street with real-time IoT data collection, actionable information, fully integrated cashless applications and endless APPS, making AXES the future of casino information management TODAY. For more information, contact info@AXES.ai
PRESS CONTACTS
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SOURCE AXES.ai | https://www.kwch.com/prnewswire/2022/07/21/flexia-axes-forge-cashless-strategic-alliance/ | 2022-07-21T21:12:23Z | https://www.kwch.com/prnewswire/2022/07/21/flexia-axes-forge-cashless-strategic-alliance/ | true |
ADVANCEMENTS IN TREATMENTS & TECHNOLOGY
ACCURACY, PRECISION & RAPID RESULTS
BOCA RATON, Fla., July 21, 2022 /PRNewswire/ -- With topics such as Alopecia Areata (the impetus of the infamous Oscars Slap) and Covid Related Hair Shedding continuing to make headlines, hair loss remains a top-of-mind issue for the masses. The American Hair Loss Association estimates that at least 80 million men and women are currently suffering from hair loss across the country. August officially marks Hair Loss Awareness Month (HLAM) and is advantageous for addressing advancements in treatments and technology. Internationally recognized, ABHRS-Certified Hair Restoration Surgeon Dr. Alan J. Bauman, and mastermind behind Biohacking Baldness, discusses the newest effective technology aimed at both preserving and restoring hair.
Alma "TransEpidermal Delivery" or TED is a breakthrough ultrasound-based system with a proprietary tip that delivers a noninvasive, non-traumatic, in-office treatment option to address hair shedding and hair thinning. TED is a Class 1 medical device and is clinically proven to minimize shedding, improve hair growth and scalp health. Alma-TED uses low-frequency "ultrasonic" sound waves and air pressure to drive powerful topical hair growth treatments into the skin and promote increased blood flow to the scalp. It is ideal for patients that want to improve the overall thickness and appearance of the hair and is also used to treat Androgenic Alopecia, Telogen Effluvium (excessive hair shedding) as a stand-alone treatment as well as in conjunction with other therapies for more profound results. TED treatment requires no anesthesia, is needle-free and pain-free, and can be utilized for patients who are averse to the blood draw required for PRP. Bauman is among the first physicians outside of Alma's stealth research team to use TED for shedding and hair loss in the US at his clinic in South Florida.
The oral JAK (Janus Kinase or JAK-STAT signaling pathway) inhibitor drug Olumiant (baricitinib) was approved by the FDA for severe adult autoimmune AA Alopecia Areata. AA causes the immune system to attack the follicles, causing hair to fall out. Previously, Alopecia Areata has been treated with topical creams, corticosteroid injections, or regenerative treatments like PRP. Patients should be aware that Olumiant comes with an FDA "boxed warning" regarding severe side effects.
CNC (a medical grade 3D Printed Custom Hair and Scalp Cranial Prosthesis hair replacement system) is already one of the most advanced technologies in the hair replacement industry and is now improved with the new Digital CRLAB 3D scanner from Italy. This breakthrough technology scans the scalp in minutes and digitally transmits the scalp dimensions directly to Bologna for robotic 3D printing and creation of the handmade CNC cranial prosthetic hair system. This scan makes an exact replica of the scalp. The previous method of CNC created a mold on the patient's head with plaster. It was messy, time consuming and difficult to remove from the patient's head. In contrast, the CRLAB 3D Scanner is clean, quick and has less room for error because it captures a 3D image which accurately measures all contours of the head.
Trichotest® Genetic Hair Loss Testing uses state-of-the-art DNA microarray technology to identify the exact hair loss treatments that will perform best for the patient based on DNA analysis. Trichotest® examines DNA from saliva together with details about the patient's lifestyle and then analyzes a total of 48 genetic variations to elucidate the unique metabolic pathways influencing hair loss. Using scientifically validated global research, Trichotest® enables hair restoration experts to recommend the most ideal FDA-approved, off-label, or non-pharmaceutical options based on the patient's unique DNA using a Personalized Precision Medicine approach--achieving faster, better hair growth results, and saving patients time and money.
HairMetrix® is the first Artificial Intelligence (AI)-driven non-invasive hair measurement tool for consultations, follow-ups, and clinical hair growth research. Based on a machine-learning algorithm, the HairMetrix® system provides real-time analysis of hair density, hair caliber, and other metrics without the need for any hair trimming. This contributes vital information to a Hair Restoration Physician and the patient by comparing more permanent areas of hair growth to weaker zones. HairMetrix® also allows for the precise tracking of hair growth results over time by comparing future measurements to their initial baseline so patients can know how well treatments are working and where. Dr. Bauman is one of the first physicians worldwide to use this new AI-powered hair analysis system.
Polarized Light Microscopy is a diagnostic technique to study trichological samples and pathologies using a polarized light microscope. It allows Trichologists and Hair Restoration Physicians to evaluate the quality and structure of their patient's hair to enable them to recommend targeted treatment choices for specific problems and conditions. This technique reveals information below the scalp that we could never obtain before, including the hair follicle bulb life cycle, assessment of the keratinization process, screening for alterations of the medulla, hair sheaths and cuticle, and the effects of treatments. Dr. Bauman and his team are amongst the first medical clinics in North America to utilize this valuable diagnostic tool.
After a virtual or in-person consultation, at-home treatment programs may include quality compounded prescription products such as specially formulated non-greasy highly rated Minoxidil Formula 82M, to Formula 82F Topical Finasteride+Minoxidil and Formula 82D Topical Dutasteride+Minoxidil, and the powerful FDA-cleared Bauman TURBO LaserCap Low-Level Laser Therapy device for hair regrowth. Nutra-Team Bauman includes a superior line of proprietary Nutritional Supplements: The Recruiter™ Stem Cell Support, The Good Guys™ Hair Probiotic Complex, The Bodyguard™ Botanical Mushroom Complex, The A-List™ Hair Vitamin Complex, The Hero™ Super Biotin, The Builder™ Hair Multi-Collagen Complex, and The Zenmaster™ Ashwagandha. BaumanMD™ scalp health hair care products include the Boost and Soothe In-Shower Trichology System of Shampoos and Conditioners. Boost balances powerful science with potent botanicals in this targeted blend to purify and protect scalp and follicles, while helping to reduce DHT levels. Among the key ingredients in Boost's proprietary system includes Sandalore®, a molecular compound that prolongs the anagen phase, the active phase of the hair growth cycle. Soothe reduces scalp sensitivity through the anti-inflammatory properties of Broad Spectrum CBD Oil and uses Procapil® to enhance circulation, increase blood flow and helps keep follicles nourished and healthy, making hair thicker and stronger.
If at-home treatments don't suffice, there are a plethora of in-office Regenerative Medicine treatments including PRP Platelet Rich Plasma, PDOgro™, Topical Exosome Therapy, and other cell therapy interventions.
If an assessment confirms that hair follicles are severely depleted, a transplant is needed. Today's state-of-the-art hair transplant technology includes the no-linear-scar, minimally-invasive FUE hair transplant surgery as well as the No-Shave Long-Hair VIP|FUE™, a groundbreaking minimally-invasive hair transplant procedure. VIP|FUE™ delivers all the hair restoration benefits of traditional FUE without any shaving or trimming of hair.
To learn more about the newest advancements in hair restoration, please visit www.baumanmedical.com. For media interviews, please contact danna@canpublicity.com
Dr. Alan J. Bauman is a full-time board-certified Hair Restoration Physician who has treated over 33,000 patients and performed over 12,000 hair transplant procedures and over 12,000 Platelet Rich Plasma (PRP) and other Regenerative Hair Growth Treatments since starting his medical hair loss practice, Bauman Medical, in 1997 in Boca Raton, FL. Dr. Bauman is known for pioneering numerous technologies in the field of hair restoration including minimally invasive Follicular Unit Extraction (FUE), VIP|FUE, No-Shave Hair Transplant, Low-Level Laser Therapy, Platelet Rich Plasma (PRP), PDOgro, Eyelash Transplants and more.
Dr. Bauman has been named "#1 Top Hair Restoration Surgeon" in North America by Aesthetic Everything for six years running, and recently named by Forbes as one of "Ten CEOs Transforming Healthcare in America." In addition to lecturing and consulting worldwide, Dr. Bauman sees patients personally and operates in his nearly 12,000 square foot "Hair Hospital" in downtown Boca Raton, FL. His philanthropic endeavors include the 501(c)3 Grey Team and Bauman Philanthropic Foundation.
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SOURCE Bauman Medical | https://www.kwch.com/prnewswire/2022/07/21/hair-loss-awareness-month-2022/ | 2022-07-21T21:12:50Z | https://www.kwch.com/prnewswire/2022/07/21/hair-loss-awareness-month-2022/ | true |
CANTON, Ohio, July 21, 2022 /PRNewswire/ -- TimkenSteel Corp. (NYSE: TMST), a leader in high-quality specialty steel, manufactured components, and supply chain solutions, will release its 2022 second-quarter financial results on Thursday, August 4, after the market closes on the New York Stock Exchange.
The company will provide live Internet listening access to its conference call with the financial community scheduled for Friday, August 5, 2022, at 9:00 a.m. EDT. The live conference call will be broadcast at investors.timkensteel.com. A replay of the conference call will also be available at investors.timkensteel.com.
TimkenSteel (NYSE: TMST) manufactures high-performance carbon and alloy steel products from recycled scrap metal in Canton, OH, serving demanding applications in mobile, energy and a variety of industrial end markets. The company is a premier U.S. producer of alloy steel bars (up to 16 inches in diameter), seamless mechanical tubing and manufactured components. In the business of making high-quality steel for more than 100 years, TimkenSteel's proven expertise contributes to the performance of our customers' products. The company employs approximately 1,800 people and had sales of
$1.3 billion in 2021. For more information, please visit us at www.timkensteel.com.
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SOURCE TimkenSteel Corp. | https://www.kalb.com/prnewswire/2022/07/21/timkensteel-announces-second-quarter-2022-earnings-webcast-details/ | 2022-07-21T21:13:01Z | https://www.kalb.com/prnewswire/2022/07/21/timkensteel-announces-second-quarter-2022-earnings-webcast-details/ | true |
Navasota ISD raises teacher salaries during nationwide teacher shortage
NAVASOTA, Texas (KBTX) - According to the Bureau of Labor Statistics, nearly 300,000 teachers left the profession between February 2020 and May 2022. That’s a nearly 3% drop in the workforce.
This teacher shortage has caused districts around the country to find ways to address it. The Learning Policy Institute reported that the pandemic took a major toll on teachers due to longer hours, fears of contracting COVID-19, personal responsibilities like childcare and low salaries. According to the Economic Policy Institute, teachers earn 20% less in weekly wages compared to their college-educated counterparts not in education.
Districts including Bryan ISD and College Station ISD have raised salaries for teachers going into the upcoming school year. Now, Navasota ISD has joined the list.
Navasota ISD’s Board of Trustees recently approved the following compensation and benefits changes:
- 2% raise for all returning Navasota ISD employees
- $2,000 stipend for all returning Navasota ISD employees
- $500 stipend for all new Navasota ISD employees
- 5 local leave days annually
- Free lunch for all Navasota ISD employees
- 5 local COVID-19 days
You can see the full story on KBTX at 6 p.m.
Copyright 2022 KBTX. All rights reserved. | https://www.kbtx.com/2022/07/21/navasota-isd-raises-teacher-salaries-during-nationwide-teacher-shortage/ | 2022-07-21T21:14:25Z | https://www.kbtx.com/2022/07/21/navasota-isd-raises-teacher-salaries-during-nationwide-teacher-shortage/ | false |
LANHAM, Md., July 21, 2022 /PRNewswire/ -- 2U, Inc. (Nasdaq: TWOU) announced today that it will report its second quarter 2022 financial and operational results on Thursday, July 28, 2022. Christopher "Chip" Paucek, Co-Founder and Chief Executive Officer, and Paul Lalljie, Chief Financial Officer, will hold an audio webcast and conference call at 4:30 p.m. ET to discuss the results.
To access the live webcast, visit investor.2u.com. To participate in the conference call by telephone in the U.S., dial 1-888-330-2446, or outside of the U.S., dial 1-240-789-2732, and provide the conference ID number 1153388. A recording of the webcast will be posted to 2U's Investor Relations site as soon as it is available.
About 2U, Inc. (Nasdaq: TWOU)
For more than a decade, 2U, Inc. has been the digital transformation partner of choice to great non-profit colleges and universities delivering high-quality online education at scale. As the parent company of edX, a leading global online learning platform, 2U provides over 44 million learners with access to world-class education in partnership with more than 230 colleges, universities, and corporations. Our people and technology are powering more than 4,000 digital education offerings — from free courses to full degrees — and helping unlock human potential. To learn more: visit 2U.com.
Investor Contact:
investorinfo@2U.com
Media Contact:
media@2U.com
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SOURCE 2U, Inc. | https://www.kbtx.com/prnewswire/2022/07/21/2u-inc-announces-date-2022-second-quarter-earnings-report/ | 2022-07-21T21:14:53Z | https://www.kbtx.com/prnewswire/2022/07/21/2u-inc-announces-date-2022-second-quarter-earnings-report/ | false |
BATESVILLE, Ind., July 21, 2022 /PRNewswire/ -- Hillenbrand, Inc. (NYSE: HI) will hold a conference call and simultaneous webcast Thursday, August 4, 2022, at 8:00 a.m. ET. They will discuss the results for the third quarter of fiscal year 2022, which ended June 30, 2022. The live webcast, including a slide presentation, will be available at http://ir.hillenbrand.com under the "News & Events" tab and will be archived on the company's investor relations website through Friday, September 2, 2022.
To access the conference call, listeners in the United States and Canada may dial +1 (877) 407-8012, and international callers may dial +1 (412) 902-1013. Please use conference call ID number 13731866. A replay of the call will be available until midnight ET, Thursday, August 18, 2022, by dialing +1 (877) 660-6853 toll free in the United States and Canada or +1 (201) 612-7415 internationally and using the conference ID number 13731866.
Hillenbrand will issue a press release reporting its results after the market closes on Wednesday, August 3, 2022. The full text of the release and financials will be available at http://ir.hillenbrand.com.
About Hillenbrand
Hillenbrand (NYSE: HI) is a global industrial company operating in over 40 countries with over 10,000 associates serving a wide variety of industries around the world. Guided by our Purpose — Shape What Matters For Tomorrow™ — we pursue excellence, collaboration, and innovation to consistently shape solutions that best serve our associates, customers, communities, and other stakeholders. Hillenbrand's portfolio includes brands such as Coperion, Milacron Injection Molding & Extrusion, and Mold-Masters, in addition to Batesville. To learn more, visit: www.Hillenbrand.com.
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SOURCE Hillenbrand, Inc. | https://www.wafb.com/prnewswire/2022/07/21/hillenbrand-schedules-third-quarter-2022-earnings-call-august-4-2022/ | 2022-07-21T21:15:41Z | https://www.wafb.com/prnewswire/2022/07/21/hillenbrand-schedules-third-quarter-2022-earnings-call-august-4-2022/ | true |
SHANGHAI, July 21, 2022 /PRNewswire/ -- Thornburg Investment Management ("Thornburg") today announced that its wholly foreign-owned enterprise, Thornburg Investment Management (Shanghai) Limited, has successfully filed for registration and has been granted a Qualified Domestic Limited Partnership ("QDLP") license from the China Asset Management Association. The license will give qualified investors in China access to a range of Thornburg's investment solutions, including its multi-asset, global fixed income and equity strategies.
"In our 40th anniversary year, the approval of the QDLP license marks an important milestone for Thornburg in its international expansion," said Thornburg President & CEO Jason Brady. "As Chinese investors look for greater diversification, we believe our differentiated approach to active management, as well as decades of experience in global investment and risk management, will provide premium global wealth management and diversified asset investment services to institutional and high-net-worth investors in the country."
Thornburg Investment Management (Shanghai) Limited has assembled a dedicated team in Shanghai with deep expertise in business development and operations to serve the QDLP business. The team will provide services to qualified investors in China with support from its U.S.-based global management and investment teams, headquartered in Santa Fe, New Mexico.
About Thornburg
Thornburg is a global investment firm delivering on strategy for institutions, financial professionals and investors worldwide. The privately held firm, founded in 1982, is an active, high-conviction manager of fixed income, equities, multi-asset solutions and sustainable investments. With US$42 billion in client assets as of 30 June 20221, the firm offers mutual funds, closed-end funds, institutional accounts, separate accounts and UCITS funds for non-U.S. investors.
As an independent firm, Thornburg can take on a wide range of opportunities, explore ideas thoroughly and work across strategies to deliver consistent risk-adjusted outperformance over the long term. The firm attracts free-thinking professionals who are eager to pursue investment outcomes beyond the confines of popular wisdom. From nimble operational capabilities to principles and actions fitting of a global citizen, Thornburg's world-class investment platform and team are aligned on strategy to serve investors.
Thornburg's U.S. headquarters is in Santa Fe, New Mexico with offices in London, Hong Kong and Shanghai. For more information, visit www.thornburg.com.
Important Information
The views expressed are subject to change and do not necessarily reflect the views of Thornburg Investment Management, Inc. This information should not be relied upon as a recommendation or investment advice and is not intended to predict the performance of any investment or market.
This is not a solicitation or offer for any product or service. Nor is it a complete analysis of every material fact concerning any market, industry, or investment. Data has been obtained from sources considered reliable, but Thornburg makes no representations as to the completeness or accuracy of such information and has no obligation to provide updates or changes. Thornburg does not accept any responsibility and cannot be held liable for any person's use of or reliance on the information and opinions contained herein.
Investments carry risks, including possible loss of principal.
Outside the United States
For United Kingdom: This communication is issued by Thornburg Investment Management Ltd. ("TIM Ltd.") and approved by Robert Quinn Advisory LLP which is authorised and regulated by the UK Financial Conduct Authority ("FCA"). TIM Ltd. is an appointed representative of Robert Quinn Advisory LLP. This material constitutes a financial promotion for the purposes of the Financial Services and Markets Act 2000 (the "Act") and the handbook of rules and guidance issued from time to time by the FCA (the "FCA Rules").
This material is for information purposes only and does not constitute an offer to subscribe for or purchase any financial instrument. TIM Ltd. neither provides investment advice to, nor receives and transmits orders from, persons to whom this material is communicated nor does it carry on any other activities with or for such persons that constitute "MiFID or equivalent third country business" for the purposes of the FCA Rules. All information provided is not warranted as to completeness or accuracy and is subject to change without notice.
This communication is exclusively intended for persons who are Professional Clients or Eligible Counterparties for the purposes of the FCA Rules and other persons should not act or rely on it. This communication is not intended for use by any person or entity in any jurisdiction or country where such distribution or use would be contrary to local law or regulation.
This is directed to INVESTMENT PROFESSIONALS AND INSTITUTIONAL INVESTORS ONLY and is not intended for use by any person or entity in any jurisdiction or country where such distribution or use would be contrary to the laws or regulations applicable to their place of citizenship, domicile or residence.
Thornburg is regulated by the U.S. Securities and Exchange Commission under U.S. laws which may differ materially from laws in other jurisdictions. Any entity or person forwarding this to other parties takes full responsibility for ensuring compliance with applicable securities laws in connection with its distribution.
For Hong Kong: This article is issued by Thornburg Investment Management (Asia) Limited ("Company"), a wholly-owned subsidiary of Thornburg Investment Management. Inc. The Company is currently licensed with the Hong Kong SFC for Type 1 regulated activity, with the CE No.: BPQ208.
The material is only intended for Individual, Corporate and Institutional Professional Investor Use Only and may not be reproduced or redistributed to any person without the written consent of Thornburg Investment Management (Asia) Limited or its affiliated companies.
This material has not been reviewed by the Securities and Futures Commission of Hong Kong.
This document is for informational purpose only and should not intended to constitute any tax, accounting, regulatory, legal, insurance or investment advice and does not constitute any offer or solicitation to offer or recommendation of any investment product/service from the Company. The information provided is not intended to predict the performance of any investment or market. Data has been obtained from sources considered reliable. Notwithstanding, the Company makes no representations as to the completeness or accuracy of such information or opinion and has no obligation to provide updates or changes. The Company does not accept any responsibility and cannot be held liable for any person's use of or reliance on the information and opinions contained herein.
Investment involves risks. Past performance is not a guide to future performance and should not be the sole factor of consideration when selecting a product. You should not make investment decision solely based on this general information. If you have any queries, please contact your financial advisor and seek professional advice. All financial investments involve an element of risk.
For Mainland China: The content of this material is for reference only, and does not constitute a purchase offer, sale invitation, investment advice or promise, and should not be construed as a recommendation to adopt any investment strategy. The content was taken from sources reasonably believed to be accurate and reliable at the time of publication. The company will not be responsible for errors or omissions in the content. All content can be changed at any time and without prior notice.
This material may contain forward-looking statements and forecasts based on certain assumptions as of the date of this writing. The company cannot guarantee that these forward-looking statements and forecasts will be realized, and does not undertake the obligation to update or correct any content. Recipient should not substitute such information for their independent judgment or make decisions based solely on such information.
Investments contain risk, including possible loss of principal. No representation or warranty, expressed or implied, is given by the company or affiliated companies or its respective directors, officers, representatives and/or employees as to the accuracy or completeness of the material, nor is it responsible for any direct or indirect losses caused by the content.
1 Includes $40 billion in assets under management and $2 billion in assets under advisement as of 30 June 2022.
Media Inquiries
Michael Corrao
Director of Global Communications
Thornburg Investment Management
Tel: +1 505 467 5345
Email: mcorrao@thornburg.com
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SOURCE Thornburg Investment Management | https://www.kwch.com/prnewswire/2022/07/21/thornburg-investment-management-obtains-qdlp-license-china/ | 2022-07-21T21:17:05Z | https://www.kwch.com/prnewswire/2022/07/21/thornburg-investment-management-obtains-qdlp-license-china/ | true |
- Earnings per diluted share of $0.55; $0.56 on an adjusted(1) basis
- Return on average assets of 1.28%; 1.31% on an adjusted(1) basis
- Net interest margin on FTE basis(1) of 3.47%; 30 bp increase from linked quarter
- Loan growth of $191.4 million, excluding PPP; 8.3% on an annualized basis
- Noninterest income of $49.8 million increased 20.6% from the linked quarter
CINCINNATI, July 21, 2022 /PRNewswire/ -- First Financial Bancorp. (Nasdaq: FFBC) ("First Financial" or the "Company") announced financial results for the three and six months ended June 30, 2022.
For the three months ended June 30, 2022, the Company reported net income of $51.5 million, or $0.55 per diluted common share. These results compare to net income of $41.3 million, or $0.44 per diluted common share, for the first quarter of 2022. For the six months ended June 30, 2022, First Financial had earnings per diluted share of $0.98 compared to $1.01 for the same period in 2021.
Return on average assets for the second quarter of 2022 was 1.28% while return on average tangible common equity was 20.68%(1). These compare to returns on average assets of 1.03% and return on average tangible common equity of 14.93%(1) in the first quarter of 2022.
Second quarter 2022 highlights include:
- Strong loan growth when compared to linked quarter(2)
- Net interest margin of 3.43%, or 3.47% on a fully tax-equivalent basis(1), exceeded expectations
- Noninterest income of $49.8 million, or $50.8 million as adjusted(1)
- Noninterest expenses of $103.2 million, or $102.4 million as adjusted(1)
- Total Allowance for Credit Losses of $134.5 million; Total quarterly provision recapture of $0.8 million
- Regulatory capital ratios remain in excess of internal targets
Archie Brown, President and CEO, commented on the quarter, "I am extremely pleased with our performance in the second quarter. Earnings improved from the first quarter as our asset sensitive balance sheet was positively impacted by recent rate increases. In addition, credit quality was stable with lower net charge-offs and nonaccrual loan balances. This led to a small provision recapture for the quarter."
Mr. Brown continued, "We were encouraged by our strong fee income performance for the quarter. Total fee income surpassed our expectations due to record foreign exchange income, strong income from limited partnership investments and growing leasing business income. While second quarter mortgage banking income increased 35% from the linked quarter, we continue to experience headwinds due to the rapid rise in interest rates. In addition, recent overdraft program changes led to a modest reduction in deposit account service charges during the second quarter and we expect further decline due to these program changes in the coming periods."
Mr. Brown commented on loan growth, "We were very pleased with loan growth in the second quarter. Loans (excluding PPP) increased by $191 million, or 8.3%, on an annualized basis. Loan growth was broad based, with increases in the C&I, retail mortgage and consumer portfolios. This more than offset a decline in the ICRE portfolio, which was driven by elevated prepayments. In addition, we were also pleased with Summit's growth in the quarter, including operating leases, which increased $21 million, or 33.5%, during the period. Loan origination activity remains strong as we head into the third quarter."
Mr. Brown concluded, "I want to thank our associates for their excellent performance so far this year. As we head into the back half of the year, we are optimistic that our balance sheet is positioned to further benefit from additional rate increases and loan activity remains strong. We remain diligent in our credit monitoring and are prepared to manage a downturn in the economy should it occur later in the interest rate cycle."
Full detail of the Company's second quarter 2022 performance is provided in the accompanying financial statements and slide presentation.
Teleconference / Webcast Information
First Financial's executive management will host a conference call to discuss the Company's financial and operating results on Friday, July 22, 2022 at 8:30 a.m. Eastern Time. Members of the public who would like to listen to the conference call should dial (844) 200-6205 (U.S. toll free), (646) 904-5544 (U.S. local) or +1 (929) 526-1599 (International), access code 099625. The number should be dialed five to ten minutes prior to the start of the conference call. A replay of the conference call will be available beginning one hour after the completion of the live call at (866) 813-9403 (U.S. toll free), (929) 458-6194 (U.S. local) and +44 204 525-0658 (all other locations), access code 049791. The recording will be available until August 5, 2022. The conference call will also be accessible as an audio webcast via the Investor Relations section of the Company's website at www.bankatfirst.com. The webcast will be archived on the Investor Relations section of the Company's website for 12 months.
Press Release and Additional Information on Website
This press release as well as supplemental information are available to the public through the Investor Relations section of First Financial's website at www.bankatfirst.com.
Use of Non-GAAP Financial Measures
This earnings release contains GAAP financial measures and Non-GAAP financial measures where management believes it to be helpful in understanding the Company's results of operations or financial position. Where Non-GAAP financial measures are used, the comparable GAAP financial measures, as well as a reconciliation to the comparable GAAP financial measure, can be found in the section titled "Appendix: Non-GAAP to GAAP Reconciliation" in the accompanying slide presentation.
Forward-Looking Statements
Certain statements contained in this report which are not statements of historical fact constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as ''believes,'' ''anticipates,'' "likely," "expected," "estimated," ''intends'' and other similar expressions are intended to identify forward-looking statements but are not the exclusive means of identifying such statements. Examples of forward-looking statements include, but are not limited to, statements we make about (i) our future operating or financial performance, including revenues, income or loss and earnings or loss per share, (ii) future common stock dividends, (iii) our capital structure, including future capital levels, (iv) our plans, objectives and strategies, and (v) the assumptions that underlie our forward-looking statements.
As with any forecast or projection, forward-looking statements are subject to inherent uncertainties, risks and changes in circumstances that may cause actual results to differ materially from those set forth in the forward-looking statements. Forward-looking statements are not historical facts but instead express only management's beliefs regarding future results or events, many of which, by their nature, are inherently uncertain and outside of management's control. It is possible that actual results and outcomes may differ, possibly materially, from the anticipated results or outcomes indicated in these forward-looking statements. Important factors that could cause actual results to differ materially from those in our forward-looking statements include the following, without limitation:
- economic, market, liquidity, credit, interest rate, operational and technological risks associated with the Company's business;
- future credit quality and performance, including our expectations regarding future loan losses and our allowance for credit losses
- the effect of and changes in policies and laws or regulatory agencies, including the Dodd-Frank Wall Street Reform and Consumer Protection Act and other legislation and regulation relating to the banking industry;
- Management's ability to effectively execute its business plans;
- mergers and acquisitions, including costs or difficulties related to the integration of acquired companies;
- the possibility that any of the anticipated benefits of the Company's acquisitions will not be realized or will not be realized within the expected time period;
- the effect of changes in accounting policies and practices;
- changes in consumer spending, borrowing and saving and changes in unemployment;
- changes in customers' performance and creditworthiness;
- the costs and effects of litigation and of unexpected or adverse outcomes in such litigation;
- current and future economic and market conditions, including the effects of changes in housing prices, fluctuations in unemployment rates, U.S. fiscal debt, budget and tax matters, geopolitical matters, and any slowdown in global economic growth;
- the adverse impact on the U.S. economy, including the markets in which we operate, of the novel coronavirus, which causes the Coronavirus disease 2019 ("COVID-19"), global pandemic, and the impact on the performance of our loan and lease portfolio, the market value of our investment securities, the availability of sources of funding and the demand for our products;
- our capital and liquidity requirements (including under regulatory capital standards, such as the Basel III capital standards) and our ability to generate capital internally or raise capital on favorable terms;
- financial services reform and other current, pending or future legislation or regulation that could have a negative effect on our revenue and businesses, including the Dodd-Frank Act and other legislation and regulation relating to bank products and services;
- the effect of the current interest rate environment or changes in interest rates or in the level or composition of our assets or liabilities on our net interest income, net interest margin and our mortgage originations, mortgage servicing rights and mortgage loans held for sale;
- the effect of a fall in stock market prices on our brokerage, asset and wealth management businesses;
- a failure in or breach of our operational or security systems or infrastructure, or those of our third-party vendors or other service providers, including as a result of cyber attacks;
- the effect of changes in the level of checking or savings account deposits on our funding costs and net interest margin; and
- our ability to develop and execute effective business plans and strategies.
Additional factors that may cause our actual results to differ materially from those described in our forward-looking statements can be found in our Form 10-K for the year ended December 31, 2021, as well as our other filings with the SEC, which are available on the SEC website at www.sec.gov
All forward-looking statements included in this filing are made as of the date hereof and are based on information available at the time of the filing. Except as required by law, the Company does not assume any obligation to update any forward-looking statement.
About First Financial Bancorp.
First Financial Bancorp. is a Cincinnati, Ohio based bank holding company. As of June 30, 2022, the Company had $16.2 billion in assets, $9.4 billion in loans, $12.3 billion in deposits and $2.1 billion in shareholders' equity. The Company's subsidiary, First Financial Bank, founded in 1863, provides banking and financial services products through its six lines of business: Commercial, Retail Banking, Investment Commercial Real Estate, Mortgage Banking, Commercial Finance and Wealth Management. These business units provide traditional banking services to business and retail clients. Wealth Management provides wealth planning, portfolio management, trust and estate, brokerage and retirement plan services and had approximately $3.0 billion in assets under management as of June 30, 2022. The Company operated 135 full service banking centers as of June 30, 2022, primarily in Ohio, Indiana, Kentucky and Illinois, while the Commercial Finance business lends into targeted industry verticals on a nationwide basis. Additional information about the Company, including its products, services and banking locations, is available at www.bankatfirst.com.
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SOURCE First Financial Bancorp. | https://www.kbtx.com/prnewswire/2022/07/21/first-financial-bancorp-announces-second-quarter-2022-financial-results/ | 2022-07-21T21:17:41Z | https://www.kbtx.com/prnewswire/2022/07/21/first-financial-bancorp-announces-second-quarter-2022-financial-results/ | true |
MIAMI, July 21, 2022 /PRNewswire/ -- Affiliates of Harbor Group International, LLC ("HGI"), a privately owned international real estate investment and management firm, today announced the acquisition of Miro Brickell, a 372-unit, Class A multifamily property in the Brickell neighborhood of Miami, for $184.5 million. The acquisition marks the seventh property currently under HGI's ownership in Miami-Dade County, spanning more than 1,500 units.
Miro Brickell's central location offers convenient access to various employment and entertainment centers throughout Miami. The property is located minutes away from I-95 and Brickell's Metrorail and Metromover stations, connecting residents to Downtown Miami, Downtown Doral and Miami International Airport.
As Miami experiences a boom of corporate relocations, Miro Brickell is walkable to more than 8 million square feet of office space. Several financial and technology providers have relocated to the neighborhood, attracting new residents to the area, including Microsoft, Apollo Global Management, Millennium Management and Citadel, which recently announced plans to move its global headquarters to Brickell.
"Miami is a priority market for HGI given its long-term multifamily fundamentals driven by corporate expansions and in-migration trends, leading to strong investment opportunities," said Richard Litton, President, HGI. "As a long-time investor in the region, we will use our deep market knowledge to capitalize on leasing demand in the area and enhance efficiencies at the property."
Built in 2017, Miro Brickell's amenities include outdoor electric grills, cabanas and a resort-style pool. Individual units include balconies and are equipped with stainless steel appliances, energy-efficient washers and dryers and modern finishes.
HGI has been an active investor in South Florida, recently acquiring ParkLine Miami, two luxury apartment towers in Downtown Miami.
About Harbor Group International
Harbor Group International, LLC, and its affiliates control an investment portfolio of $19 billion including 4.9 million square feet of commercial space throughout the United States and the United Kingdom and 63,000 apartment units in the United States. In addition to its corporate headquarters in Norfolk, Virginia, HGI maintains offices in New York, Baltimore, Los Angeles, and Tel Aviv.
Media contact:
Morgan McGinnis
mmcginnis@prosek.com
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SOURCE Harbor Group International, LLC | https://www.wbtv.com/prnewswire/2022/07/21/harbor-group-international-adds-miami-portfolio-with-multifamily-acquisition/ | 2022-07-21T21:21:10Z | https://www.wbtv.com/prnewswire/2022/07/21/harbor-group-international-adds-miami-portfolio-with-multifamily-acquisition/ | true |
(NEXSTAR) – A pair of Delaware lawmakers have introduced a new bill that would make it easier for some previously ineligible public workers to qualify for loan relief under a federal program. This is the latest attempt to make changes to the 15-year-old program as Americans await a decision on widespread student loan forgiveness by the Biden administration.
Senator Bob Menendez and Representative Donald Norcross, both Democrats from New Jersey, introduced the “Second Chance at Public Service Loan Forgiveness Act” on Thursday. The bill proposes fixing “long-standing problems” with the Public Service Loan Forgiveness program, or PSLF, and allowing “millions of previously ineligible public servants” the chance to have their loans forgiven.
PSLF was created in 2007 to help certain workers in the public sector have their loans forgiven after 120 payments over 10 years. The number of applicants actually having their loans forgiven has been low: Just 1 in 5 of the 1.3 million borrowers pursuing debt discharge through PSLF are on track to see relief by 2026, according to a September report by the Student Borrower Protection Center.
In 2021, the U.S. Department of Education announced a change that temporarily waives specific PSLF requirements to grant borrowers credit toward loan cancellation regardless of their federal loan type or if they had been enrolled in a specific payment plan, as long as they consolidated their debt into a Direct Loan before the end of the waiver.
Prior to the waiver, borrowers needed to have a specific federal loan — a Direct Loan — to qualify for PSLF. Borrowers could consolidate their debt into Direct Loans for PSLF, but any payments made on the loans before consolidation didn’t count toward the required tally.
This waiver is currently set to expire after October 31, 2022, meaning eligible borrowers have less than four months to apply.
The newly proposed bill calls for the provisions in the PSLF waiver to be codified and for issues raised by borrowers and advocacy groups to be tackled. That includes allowing public servants with loans or public service before the program was created to qualify for relief, replacing the 120-payments requirement with 10 years of public service, ensuring Parent PLUS Loans qualify, expanding eligibility to those working 30 hours a week, and providing additional definitions of public service employment.
The act would also allow for teachers to qualify for both PSLF and the Teacher Loan Forgiveness Program simultaneously.
Last week, Rep. Joe Courtney (D-Conn.) introduced a similar bill to make it easier for public workers to have their student loans forgiven. The proposal includes cutting the amount of time it takes to get relief in half by reducing the number of payments needed to qualify for PSLF relief from 120 over 10 years to 60 over five years for borrowers working with an eligible employer. It would also allow previous payments made to count toward the necessary payments, regardless of loan type, payment plan, or if the payments were made on time.
Courtney’s bill would expand PSLF access for active-duty military and Peace Corp volunteers who had their loans placed in deferment while they were serving. Currently, certain loan deferments are not eligible for PSLF relief.
Additionally, under Courtney’s bill, parents with PLUS loans — otherwise known as Parent Loan for Undergraduate Students — or couples who joint-consolidated their loans into a Federal Family Education Loan, or FFEL, would be allowed to re-consolidated their loans into a Direct Loan, which would then be eligible for PSLF.
Earlier this month, the Biden administration proposed sweeping changes to the federal student loan system, including a permanent change to PSLF that would allow more payments to qualify for the program, including partial, lump-sum and late payments. It also would allow particular kinds of deferments and forbearances to count toward PSLF, and it would create a formal reconsideration process for applicants who were denied access to the program.
President Biden, when questioned about student loans on Wednesday, said he would make a decision “by the end of August.” The current payment pause on federal student loans is set to expire on August 31. | https://cbs4indy.com/news/national-world/lawmakers-propose-bill-to-give-public-workers-second-chance-at-student-loan-relief/ | 2022-07-21T21:21:24Z | https://cbs4indy.com/news/national-world/lawmakers-propose-bill-to-give-public-workers-second-chance-at-student-loan-relief/ | false |
Utica, NY – The Utica Comets and the American Hockey League (AHL) announced today the details of the 2022-2023 season schedule.
The season will begin on the road at Hershey against the Bears, while the home opener will be held on Monday, October 17. against the Wilkes Barre Scranton Penguins at 7 p.m inside the Adirondack Bank Center. The tenth season of Utica Comets hockey features 15 Friday home games along with 10 games on Saturday and two on Sunday afternoon.
The team will play its annual Veterans Day Game on Friday, November 11 against the Laval Rocket. The longest home-stand of the season takes place from April 2 to April 14. The Galaxy Cup between the North Division Comets and the Syracuse Crunch will be decided over 14 games starting on November 12 in Syracuse and culminating in the final game of the regular season on April 15 in Syracuse.
Other teams within the North Division will see the Comets battle the Rochester Americans 10 times while taking on the Cleveland Monsters eight times. Their divisional Canadian opponents, the Laval Rocket, Belleville Senators, and Toronto Marlies will face Utica six times this season.
For the complete schedule release, visit uticacomets.com/printable. To download the schedule visit uticacomets.com/download.
Season Ticket Memberships are now available for the 2022-23 Season. All new Season Ticket Members will receive an exclusive Comets 10th anniversary jersey with their ticket package. Season ticket information is available at uticacomets.com/szn. Comets fans can guarantee a ticket to five premier games with the premier pack. This five-game package starts as low as $99 at uticacomets.com/tickets. Single game tickets will be on sale later in the summer. | https://www.wktv.com/news/comets-unveil-full-2022-23-schedule/article_2f24ea1c-0926-11ed-bf8d-2b52302e89b1.html | 2022-07-21T21:22:16Z | https://www.wktv.com/news/comets-unveil-full-2022-23-schedule/article_2f24ea1c-0926-11ed-bf8d-2b52302e89b1.html | true |
The House Jan. 6 committee will hold its eighth hearing Thursday night, focused on former President Trump's activities when he was out of public view for three hours during the attack on the Capitol.
Copyright 2022 NPR
The House Jan. 6 committee will hold its eighth hearing Thursday night, focused on former President Trump's activities when he was out of public view for three hours during the attack on the Capitol.
Copyright 2022 NPR | https://www.wlrn.org/2022-07-21/tonights-jan-6-hearing-to-focus-on-what-trump-was-doing-for-3-hours-during-the-riot | 2022-07-21T21:24:41Z | https://www.wlrn.org/2022-07-21/tonights-jan-6-hearing-to-focus-on-what-trump-was-doing-for-3-hours-during-the-riot | false |
SACRAMENTO (AP) _ The winning numbers in Thursday afternoon's drawing of the California Lottery's "Daily 3 Midday" game were:
3-8-1
(three, eight, one)
SACRAMENTO (AP) _ The winning numbers in Thursday afternoon's drawing of the California Lottery's "Daily 3 Midday" game were:
3-8-1
(three, eight, one) | https://www.ctinsider.com/lottery/article/Winning-numbers-drawn-in-Daily-3-Midday-game-17320574.php | 2022-07-21T21:25:15Z | https://www.ctinsider.com/lottery/article/Winning-numbers-drawn-in-Daily-3-Midday-game-17320574.php | false |
LEXINGTON, Ky., July 21, 2022 /PRNewswire/ -- Valvoline Inc. (NYSE: VVV), a global leader in vehicle care powering the future of mobility through innovative services and products, today announced that it plans to report financial results for its fiscal third quarter after market close on August 3, 2022, and host a live audio webcast with analysts and investors at 9 a.m. ET on August 4, 2022.
The webcast and slide presentation will be available on the company's Investor Relations website at http://investors.valvoline.com. Shortly after the call concludes, a replay of the webcast will be available on this same website.
About Valvoline™
Valvoline Inc. (NYSE: VVV) is a global leader in vehicle care powering the future of mobility through innovative services and products for vehicles with electric, hybrid and internal combustion powertrains. Established in 1866, the Company introduced the world's first branded motor oil and developed strong brand recognition and customer satisfaction ratings over the years across multiple service and product channels. The Company operates and franchises approximately 1,600 service center locations and is the No. 2 and No. 3 largest chain in the U.S. and Canada, respectively, by number of stores. With sales in more than 140 countries and territories, Valvoline's solutions are available for every engine and drivetrain, including high-mileage and heavy-duty vehicles, and are offered at more than 80,000 locations worldwide. Creating the next generation of advanced automotive solutions, Valvoline has established itself as the world's leading supplier of battery fluids to electric vehicle manufacturers, offering tailored products to help extend vehicle range and efficiency. To learn more, or to find a Valvoline service center near you, visit valvoline.com.
™Trademark, Valvoline or its subsidiaries, registered in various countries
FOR FURTHER INFORMATION
Investor Relations
Sean T. Cornett
+1 (859) 357-3155
ir@valvoline.com
Media Relations
Michele Gaither Sparks
+1 (859) 230-8079
michele.sparks@valvoline.com
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SOURCE Valvoline Inc. | https://www.wbtv.com/prnewswire/2022/07/21/valvoline-report-financial-results-third-quarter-2022-august-3-host-webcast-august-4/ | 2022-07-21T21:25:42Z | https://www.wbtv.com/prnewswire/2022/07/21/valvoline-report-financial-results-third-quarter-2022-august-3-host-webcast-august-4/ | false |
Trend Micro research reveals increased complexity and reduced confidence
DALLAS, July 21, 2022 /PRNewswire/ -- New research from global cybersecurity firm Trend Micro has revealed that 54% of global organizations feel their cyber risk assessments are not sophisticated enough – exposing them to ransomware, phishing, IoT and other threats. Respondents also indicated that overly complex tech stacks and lack of awareness from leadership are exacerbating issues.
For more information on Trend Micro's global risk research, click here: https://www.trendmicro.com/explore/trend_global_risk_research_2
Many organizations are struggling with manual approaches to attack surface mapping (28%), and 32% report difficulty working with multiple tech stacks. This may explain why only around 40% are able to accurately detail any one of the following based on risk assessments:
- Risk levels for individual assets
- Attack attempt frequency
- Attack attempt trends
- Impact of a breach on any particular area
- Industry benchmarks
- Preventative action plans for specific vulnerabilities
Bharat Mistry, Technical Director at Trend Micro: "We already knew that organizations are concerned about a fast-expanding digital attack surface with limited visibility. Now we know that they also need urgent help to discover and manage cyber risk across this environment. In many cases, the challenge is compounded by siloed point solutions. Organizations must search for a single platform that gives them the certainty and security they require."
About one third of the IT and business decision makers Trend Micro interviewed say that assessing risk is the main area of attack surface management they struggle with. As a result, over 80% feel exposed to ransomware, phishing and IoT attacks.
The inability of organizations to accurately assess attack surface risk also keeps business leaders in the dark. Over half of respondents struggle to quantify risk exposure to leadership, and only 3% believe their C-suite fully understands cyber risk at present.
There's a clear opportunity here for organizations to leverage third-party expertise.
Two-fifths (39%) of respondents are already invested in a platform-based approach to attack surface management, while half (50%) of respondents say they'd like to do the same. Of those who've already made the move, improved visibility (38%), faster breach detection (35%) and accelerated response (34%) are the most cited advantages.
Trend Micro commissioned Sapio Research to interview 6297 IT and business decision makers across 29 countries to compile the study.
About Trend Micro
Trend Micro, a global cybersecurity leader, helps make the world safe for exchanging digital information. Fueled by decades of security expertise, global threat research, and continuous innovation, Trend Micro's cybersecurity platform protects hundreds of thousands of organizations and millions of individuals across clouds, networks, devices, and endpoints. As a leader in cloud and enterprise cybersecurity, the platform delivers a powerful range of advanced threat defense techniques optimized for environments like AWS, Microsoft, and Google, and central visibility for better, faster detection and response. With 7,000 employees across 65 countries, Trend Micro enables organizations to simplify and secure their connected world. www.TrendMicro.com.
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SOURCE Trend Micro Incorporated | https://www.valleynewslive.com/prnewswire/2022/07/21/over-half-global-firms-struggle-assess-cyber-risk-exposure/ | 2022-07-21T21:30:05Z | https://www.valleynewslive.com/prnewswire/2022/07/21/over-half-global-firms-struggle-assess-cyber-risk-exposure/ | false |
A new funding deal for the season ahead has been struck between the Premier League and the Professional Footballers’ Association.
The agreement is understood to be worth £24.94million in 2022-23, representing an increase in funding of £1.9m for the the players’ union compared to the previous three-year deal.
The agreements are usually for three years, but this is initially a one-year deal because there is an aspiration from the league and the union to set up a much longer-term partnership over the coming months. Should those talks not reach a satisfactory conclusion before the start of the 2023-24 season though, an agreement on the same terms as 2022-23 would automatically kick in.
The union is understood to have secured a significant increase in the proportion of discretionary funding within the deal – money which it can allocate to what it sees as priority areas – with the remainder of the funding allocated to joint Premier League and PFA programmes.
As well as campaigning and lobbying on behalf of their members, the union works to support former players and their families after a dementia diagnosis, supports current and former players experiencing mental health and well-being issues and offering advice and support to young players after their release from the academy system.
The union also supports players reaching the end of their professional playing careers by providing counselling where needed, education and training services.
The funding from the Premier League represents the bulk of the annual income the PFA receives, but it is looking at ways to increase revenue in other areas and is examining the practice of other unions such as the National Basketball Players’ Association (NBPA) in the United States.
PFA chief executive Maheta Molango said: “This new agreement reflects the commitment that both the PFA and the Premier League have towards our partnership, and our shared desire to continue this moving forward.
“Alongside the PFA’s role as a campaigning voice on behalf of members, we provide a range of services to players both independently and alongside partners such as the Premier League.
“This agreement helps support the delivery of many of those services, and benefits all PFA members.
“We value the collaborative relationship we have with the Premier League and, similarly, have seen in our talks their understanding of the importance of the PFA’s role as the players’ union.”
Molango’s counterpart at the Premier League, Richard Masters, said: “We look forward to continuing our relationship with the PFA and developing a long-term partnership to ensure the right levels of support are provided for current and former players across the professional game.
“We will continue to work together with the PFA on key issues such as player welfare, anti-discrimination, player transition, head injuries and education.”
The deal removes the need for players to negotiate individually with the Premier League over their share of income from domestic television deals.
In 2001 a player boycott of televised matches was narrowly averted in a row over the PFA’s share of television revenue.
The league is understood to be earning £5.1billion from domestic rights in the current 2022-25 cycle.
Separately, as part of the Professional Footballers’ Pension Scheme, a transfer levy on deals in the Premier League and EFL will generate £76m of funds over three years (2022-2025).
This funding is redistributed back to players in the form of pensions. In 2022-23 every active professional male player will receive £6,420 paid into their pension.
The union will push for that provision to be extended to female professionals as part of the fan-led review of the women’s game promised by the Government. | https://www.thecourier.co.uk/sport/3517957/new-deal-with-premier-league-poised-to-provide-extra-funds-for-pfa/ | 2022-07-21T21:30:58Z | https://www.thecourier.co.uk/sport/3517957/new-deal-with-premier-league-poised-to-provide-extra-funds-for-pfa/ | false |
You need to enable JavaScript to run this app. | https://sportspyder.com/nfl/minnesota-vikings/articles/40143760 | 2022-07-21T21:33:17Z | https://sportspyder.com/nfl/minnesota-vikings/articles/40143760 | false |
No Change to Portfolio Management Teams
HARTFORD, Conn., July 21, 2022 /PRNewswire/ -- The Board of Trustees of Virtus Artificial Intelligence & Technology Opportunities Fund (NYSE: AIO), Virtus Convertible & Income 2024 Target Term Fund (NYSE: CBH), Virtus Convertible & Income Fund (NYSE: NCV), Virtus Convertible & Income Fund II (NYSE: NCZ), Virtus Diversified Income & Convertible Fund (NYSE: ACV), Virtus Equity & Convertible Income Fund (NYSE: NIE), and Virtus Dividend, Interest & Premium Strategy Fund (NYSE: NFJ) has approved new subadvisory agreements between the funds' investment adviser, Virtus Investment Advisers, Inc., and Voya Investment Management Co. LLC ("Voya IM"). Shareholders of each fund will be asked to approve those agreements.
Voya IM would replace the current subadviser, Allianz Global Investors U.S. LLC ("AllianzGI"), which has been terminated as subadviser effective July 25, 2022. On that date, each fund's current AllianzGI portfolio management team is expected to transition to Voya IM and continue to manage the funds under interim subadvisory agreements pending shareholder approval of the new subadvisory agreements. Virtus Investment Advisers continues as investment adviser to each fund under current investment advisory agreements. There would be no changes to the investment objectives or investment strategies of any of the funds.
Additional information on the proposed subadvisory arrangements will be provided to shareholders in a proxy statement that will be filed with the U.S. Securities and Exchange Commission and will be available at sec.gov and on each fund's page through the Closed-End Funds section of virtus.com.
As previously disclosed, on May 17, 2022, AllianzGI resolved certain government charges about matters unrelated to the funds with the U.S. Securities and Exchange Commission and Department of Justice. As a result of the settlement, AllianzGI is not permitted to manage U.S. registered open- and closed-end funds. On June 13, 2022, AllianzGI announced that it had entered into an agreement with Voya IM to transfer the investment teams who currently manage the funds to Voya IM. Under the terms of the settlement, AllianzGI is required to bear all expenses associated with the transition of these funds, including expenses associated with obtaining necessary shareholder approvals.
For more information on these funds, contact shareholder services at (866) 270-7788 or by email at closedendfunds@virtus.com.
Fund Risks
An investment in a fund is subject to risk, including the risk of possible loss of principal. A fund's shares may be worth less upon their sale than what an investor paid for them. Shares of closed-end funds may trade at a premium or discount to their net asset value. For more information about each fund's investment objective and risks, please see the Fund's annual report. A copy of the Fund's most recent annual report may be obtained free of charge by contacting Shareholder Services as set forth at the end of this press release.
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SOURCE Virtus Artificial Intelligence & Technology Opportunities Fund; Virtus Convertible & Income 2024 Target Term Fund; Virtus Convertible & Income Fund; Virtus Convertible & Income Fund II; Virtus Diversified Income & Convertible Fund; Virtus Equity & Convertible Income Fund; Virtus Dividend, Interest & Premium Strategy Fund | https://www.wkyt.com/prnewswire/2022/07/21/certain-virtus-closed-end-funds-announce-shareholder-proposal-new-subadvisory-agreements/ | 2022-07-21T21:36:03Z | https://www.wkyt.com/prnewswire/2022/07/21/certain-virtus-closed-end-funds-announce-shareholder-proposal-new-subadvisory-agreements/ | false |
- Earnings per diluted share of $0.55; $0.56 on an adjusted(1) basis
- Return on average assets of 1.28%; 1.31% on an adjusted(1) basis
- Net interest margin on FTE basis(1) of 3.47%; 30 bp increase from linked quarter
- Loan growth of $191.4 million, excluding PPP; 8.3% on an annualized basis
- Noninterest income of $49.8 million increased 20.6% from the linked quarter
CINCINNATI, July 21, 2022 /PRNewswire/ -- First Financial Bancorp. (Nasdaq: FFBC) ("First Financial" or the "Company") announced financial results for the three and six months ended June 30, 2022.
For the three months ended June 30, 2022, the Company reported net income of $51.5 million, or $0.55 per diluted common share. These results compare to net income of $41.3 million, or $0.44 per diluted common share, for the first quarter of 2022. For the six months ended June 30, 2022, First Financial had earnings per diluted share of $0.98 compared to $1.01 for the same period in 2021.
Return on average assets for the second quarter of 2022 was 1.28% while return on average tangible common equity was 20.68%(1). These compare to returns on average assets of 1.03% and return on average tangible common equity of 14.93%(1) in the first quarter of 2022.
Second quarter 2022 highlights include:
- Strong loan growth when compared to linked quarter(2)
- Net interest margin of 3.43%, or 3.47% on a fully tax-equivalent basis(1), exceeded expectations
- Noninterest income of $49.8 million, or $50.8 million as adjusted(1)
- Noninterest expenses of $103.2 million, or $102.4 million as adjusted(1)
- Total Allowance for Credit Losses of $134.5 million; Total quarterly provision recapture of $0.8 million
- Regulatory capital ratios remain in excess of internal targets
Archie Brown, President and CEO, commented on the quarter, "I am extremely pleased with our performance in the second quarter. Earnings improved from the first quarter as our asset sensitive balance sheet was positively impacted by recent rate increases. In addition, credit quality was stable with lower net charge-offs and nonaccrual loan balances. This led to a small provision recapture for the quarter."
Mr. Brown continued, "We were encouraged by our strong fee income performance for the quarter. Total fee income surpassed our expectations due to record foreign exchange income, strong income from limited partnership investments and growing leasing business income. While second quarter mortgage banking income increased 35% from the linked quarter, we continue to experience headwinds due to the rapid rise in interest rates. In addition, recent overdraft program changes led to a modest reduction in deposit account service charges during the second quarter and we expect further decline due to these program changes in the coming periods."
Mr. Brown commented on loan growth, "We were very pleased with loan growth in the second quarter. Loans (excluding PPP) increased by $191 million, or 8.3%, on an annualized basis. Loan growth was broad based, with increases in the C&I, retail mortgage and consumer portfolios. This more than offset a decline in the ICRE portfolio, which was driven by elevated prepayments. In addition, we were also pleased with Summit's growth in the quarter, including operating leases, which increased $21 million, or 33.5%, during the period. Loan origination activity remains strong as we head into the third quarter."
Mr. Brown concluded, "I want to thank our associates for their excellent performance so far this year. As we head into the back half of the year, we are optimistic that our balance sheet is positioned to further benefit from additional rate increases and loan activity remains strong. We remain diligent in our credit monitoring and are prepared to manage a downturn in the economy should it occur later in the interest rate cycle."
Full detail of the Company's second quarter 2022 performance is provided in the accompanying financial statements and slide presentation.
Teleconference / Webcast Information
First Financial's executive management will host a conference call to discuss the Company's financial and operating results on Friday, July 22, 2022 at 8:30 a.m. Eastern Time. Members of the public who would like to listen to the conference call should dial (844) 200-6205 (U.S. toll free), (646) 904-5544 (U.S. local) or +1 (929) 526-1599 (International), access code 099625. The number should be dialed five to ten minutes prior to the start of the conference call. A replay of the conference call will be available beginning one hour after the completion of the live call at (866) 813-9403 (U.S. toll free), (929) 458-6194 (U.S. local) and +44 204 525-0658 (all other locations), access code 049791. The recording will be available until August 5, 2022. The conference call will also be accessible as an audio webcast via the Investor Relations section of the Company's website at www.bankatfirst.com. The webcast will be archived on the Investor Relations section of the Company's website for 12 months.
Press Release and Additional Information on Website
This press release as well as supplemental information are available to the public through the Investor Relations section of First Financial's website at www.bankatfirst.com.
Use of Non-GAAP Financial Measures
This earnings release contains GAAP financial measures and Non-GAAP financial measures where management believes it to be helpful in understanding the Company's results of operations or financial position. Where Non-GAAP financial measures are used, the comparable GAAP financial measures, as well as a reconciliation to the comparable GAAP financial measure, can be found in the section titled "Appendix: Non-GAAP to GAAP Reconciliation" in the accompanying slide presentation.
Forward-Looking Statements
Certain statements contained in this report which are not statements of historical fact constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as ''believes,'' ''anticipates,'' "likely," "expected," "estimated," ''intends'' and other similar expressions are intended to identify forward-looking statements but are not the exclusive means of identifying such statements. Examples of forward-looking statements include, but are not limited to, statements we make about (i) our future operating or financial performance, including revenues, income or loss and earnings or loss per share, (ii) future common stock dividends, (iii) our capital structure, including future capital levels, (iv) our plans, objectives and strategies, and (v) the assumptions that underlie our forward-looking statements.
As with any forecast or projection, forward-looking statements are subject to inherent uncertainties, risks and changes in circumstances that may cause actual results to differ materially from those set forth in the forward-looking statements. Forward-looking statements are not historical facts but instead express only management's beliefs regarding future results or events, many of which, by their nature, are inherently uncertain and outside of management's control. It is possible that actual results and outcomes may differ, possibly materially, from the anticipated results or outcomes indicated in these forward-looking statements. Important factors that could cause actual results to differ materially from those in our forward-looking statements include the following, without limitation:
- economic, market, liquidity, credit, interest rate, operational and technological risks associated with the Company's business;
- future credit quality and performance, including our expectations regarding future loan losses and our allowance for credit losses
- the effect of and changes in policies and laws or regulatory agencies, including the Dodd-Frank Wall Street Reform and Consumer Protection Act and other legislation and regulation relating to the banking industry;
- Management's ability to effectively execute its business plans;
- mergers and acquisitions, including costs or difficulties related to the integration of acquired companies;
- the possibility that any of the anticipated benefits of the Company's acquisitions will not be realized or will not be realized within the expected time period;
- the effect of changes in accounting policies and practices;
- changes in consumer spending, borrowing and saving and changes in unemployment;
- changes in customers' performance and creditworthiness;
- the costs and effects of litigation and of unexpected or adverse outcomes in such litigation;
- current and future economic and market conditions, including the effects of changes in housing prices, fluctuations in unemployment rates, U.S. fiscal debt, budget and tax matters, geopolitical matters, and any slowdown in global economic growth;
- the adverse impact on the U.S. economy, including the markets in which we operate, of the novel coronavirus, which causes the Coronavirus disease 2019 ("COVID-19"), global pandemic, and the impact on the performance of our loan and lease portfolio, the market value of our investment securities, the availability of sources of funding and the demand for our products;
- our capital and liquidity requirements (including under regulatory capital standards, such as the Basel III capital standards) and our ability to generate capital internally or raise capital on favorable terms;
- financial services reform and other current, pending or future legislation or regulation that could have a negative effect on our revenue and businesses, including the Dodd-Frank Act and other legislation and regulation relating to bank products and services;
- the effect of the current interest rate environment or changes in interest rates or in the level or composition of our assets or liabilities on our net interest income, net interest margin and our mortgage originations, mortgage servicing rights and mortgage loans held for sale;
- the effect of a fall in stock market prices on our brokerage, asset and wealth management businesses;
- a failure in or breach of our operational or security systems or infrastructure, or those of our third-party vendors or other service providers, including as a result of cyber attacks;
- the effect of changes in the level of checking or savings account deposits on our funding costs and net interest margin; and
- our ability to develop and execute effective business plans and strategies.
Additional factors that may cause our actual results to differ materially from those described in our forward-looking statements can be found in our Form 10-K for the year ended December 31, 2021, as well as our other filings with the SEC, which are available on the SEC website at www.sec.gov
All forward-looking statements included in this filing are made as of the date hereof and are based on information available at the time of the filing. Except as required by law, the Company does not assume any obligation to update any forward-looking statement.
About First Financial Bancorp.
First Financial Bancorp. is a Cincinnati, Ohio based bank holding company. As of June 30, 2022, the Company had $16.2 billion in assets, $9.4 billion in loans, $12.3 billion in deposits and $2.1 billion in shareholders' equity. The Company's subsidiary, First Financial Bank, founded in 1863, provides banking and financial services products through its six lines of business: Commercial, Retail Banking, Investment Commercial Real Estate, Mortgage Banking, Commercial Finance and Wealth Management. These business units provide traditional banking services to business and retail clients. Wealth Management provides wealth planning, portfolio management, trust and estate, brokerage and retirement plan services and had approximately $3.0 billion in assets under management as of June 30, 2022. The Company operated 135 full service banking centers as of June 30, 2022, primarily in Ohio, Indiana, Kentucky and Illinois, while the Commercial Finance business lends into targeted industry verticals on a nationwide basis. Additional information about the Company, including its products, services and banking locations, is available at www.bankatfirst.com.
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SOURCE First Financial Bancorp. | https://www.wkyt.com/prnewswire/2022/07/21/first-financial-bancorp-announces-second-quarter-2022-financial-results/ | 2022-07-21T21:37:00Z | https://www.wkyt.com/prnewswire/2022/07/21/first-financial-bancorp-announces-second-quarter-2022-financial-results/ | true |
OKLAHOMA CITY, July 21, 2022 /PRNewswire/ -- PHX MINERALS INC., "PHX," (NYSE: PHX), today announced it will release results for its fiscal 2022 third quarter ended June 30, 2022, on Monday, Aug. 8, 2022, following the close of trading on the New York Stock Exchange. Additionally, the Company will host a conference call to discuss the results at 11:00 a.m. EDT on Aug. 9, 2022. Management's discussion will be followed by a question and answer session with investors. To participate on the conference call, please dial 877-407-3088 (domestic) or 201-389-0927 (international).
The news release will be available at www.phxmin.com in the "Investors" section. A replay of the conference call will be available by dialing 877-660-6853 and using the access code 13731836.
PHX Minerals Inc. (NYSE: PHX) Oklahoma City-based, PHX Minerals Inc. is a natural gas and oil mineral company with a strategy to proactively grow its mineral position in its core areas of focus. PHX owns approximately 75,000 net leased mineral acres principally located in Oklahoma, Louisiana, Texas, North Dakota, and Arkansas. Additional information on the Company can be found at www.phxmin.com.
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SOURCE PHX MINERALS INC. | https://www.kmvt.com/prnewswire/2022/07/21/phx-minerals-inc-announce-fiscal-2022-third-quarter-results-host-earnings-call-aug-9-2022/ | 2022-07-21T21:38:49Z | https://www.kmvt.com/prnewswire/2022/07/21/phx-minerals-inc-announce-fiscal-2022-third-quarter-results-host-earnings-call-aug-9-2022/ | true |
FAIRFAX, Va. (AP) _ FVCBankcorp, Inc. (FVCB) on Thursday reported second-quarter earnings of $6.4 million.
The bank, based in Fairfax, Virginia, said it had earnings of 43 cents per share.
The company posted revenue of $19.7 million in the period. Its revenue net of interest expense was $17.4 million, surpassing 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 FVCB at https://www.zacks.com/ap/FVCB | https://www.beaumontenterprise.com/business/article/FVCBankcorp-Q2-Earnings-Snapshot-17320544.php | 2022-07-21T21:39:50Z | https://www.beaumontenterprise.com/business/article/FVCBankcorp-Q2-Earnings-Snapshot-17320544.php | true |
Governor Stands with Working Families in Wisconsin
MILWAUKEE, July 21, 2022 /PRNewswire/ -- Teamsters Joint Council 39 today announced that it is endorsing Wisconsin Gov. Tony Evers for re-election.
"Tony Evers has proven that he is an unwavering advocate for workers during his tenure and we are proud to stand with him," said Bill Carroll, Joint Council 39 President. "We look forward to building upon the success we have had over the past three years."
As governor, Evers pushed a number of initiatives that have benefited working families in the Badger State. These include increased investment for higher education and infrastructure, cutting tax incentives for companies that send jobs out of state, implementing a 15 percent tax cut for the middle class, combatting worker misclassification and vetoing legislation that would have expanded child labor.
"We need a governor who will stand with Wisconsinites," said Rick Roeth, Joint Council 39 Political Coordinator. "After nominations next month, Evers will have an opponent who will push an agenda in Madison that is written for and by the Kochs and other out-of-state billionaires. We support our governor's pro-worker agenda."
Teamsters Joint Council 39 represents over 15,000 workers in transportation, construction, dairy and a wide variety of other industries throughout Wisconsin.
Contact:
Bill Carroll, (414) 688-6239
bcarroll@local344.org
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SOURCE Teamsters Joint Council 39 | https://www.wkyt.com/prnewswire/2022/07/21/teamsters-endorse-tony-evers-re-election/ | 2022-07-21T21:40:42Z | https://www.wkyt.com/prnewswire/2022/07/21/teamsters-endorse-tony-evers-re-election/ | false |
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HAUTACAM, France (AP) — Barring a crash, Jonas Vingegaard is likely to be wearing the yellow jersey when the Tour de France ends in Paris on Sunday.
Vingegaard responded to a series of attacks from defending champion Tadej Pogacar on Thursday and ultimately dropped his main rival in the last big mountain stage of this year’s race to increase his overall lead to three minutes, 26 seconds.
With only one big test left — a 41-kilometer (25.5-mile) time trial scheduled for Saturday — the Jumbo-Visma leader from Denmark seems all but guaranteed to win his maiden Tour title after reaching the Hautacam resort on his own.
“It’s incredible. I told my girlfriend and daughter this morning that I wanted to win the stage for them. I’m happy and proud that I won for them," Vingegaard said. “I need to stay focused and keep taking it day by day. I don’t want to talk about winning the Tour yet. Let’s talk about it in two days.”
Pogacar, the two-time defending champion, took all the risks and crashed on a downhill as he relentlessly tried to isolate Vingegaard. Back on his bike, Pogacar cracked about four kilometers from the finish in the final ascent, with his hopes of winning a third consecutive title all but dashed.
“I went all in for the yellow,” Pogacar said. “I did not give up, I pushed my limits and I’m proud of today. Today the best man won.”
Vingegaard then went solo to claim a second stage win following his success at the Col du Granon last week in the Alps on the day he took control of the race. Pogacar crossed the finish line more than one minute behind Vingegaard.
The final big mountain stage of this year's race got off a lively start with a myriad of attacks outside the city of Lourdes.
Vingegaard’s Jumbo-Visma team managed to put the powerful and versatile Belgian Wout Van Aert in the day’s breakaway. By sending the strong all-rounder up front, the mighty Dutch team made sure he would be available later in the stage to pace Vingegaard.
And it was indeed Van Aert who made Pogacar crack with his frenetic tempo in the last climb. Van Aert completed the stage podium.
Earlier, Pogacar had asked Brandon McNulty to set a fast pace on the narrow and winding roads leading up to the Col de Spandelles, the only unprecedented climb of the 2022 Tour.
Pogacar launched his first attack in that climb. But Vingegaard looked unfazed and immediately took the wheel of his rival. The duo was later joined by Vingegaard domestique Sepp Kuss, who positioned himself at the front to guide his leader.
Standing up on his pedals, Pogacar tried in vain to drop Vingegaard with another sharp attack closer to the summit before Geraint Thomas accelerated. Pogacar waited patiently in Vingegaard’s wake then went off again with Vingegaard responding as they overtook and dropped Thomas in the grueling ascent.
Pogacar went full speed in the technical downhill and Vingegaard was forced to ride hard to follow the pace. The Danish rider had a scare when his back wheel swerved but it was Pogacar who made a mistake. He misjudged a curve and went down in the gravel on the side of the road.
“It took me a little bit by surprise, and there was gravel on the side and I hit the ground, but I'm OK," Pogacar said.
The crash took place at a moderate speed and the UAE-Emirates rider was quickly back on his bike with road rash on his left thigh. Vingegaard then waited for Pogacar and both men shook hands before their final showdown on the road to Hautacam.
Thomas, the 2018 Tour champion, finished the stage in fourth place, 2:54 off the pace. The Ineos-Grenadiers leader was third overall, eight minutes behind Vingegaard.
___
More AP sports: https://apnews.com/hub/sports and https://twitter.com/AP_Sports | https://www.ourmidland.com/sports/article/Jonas-Vingegaard-drops-Pogacar-in-final-Tour-17320763.php | 2022-07-21T21:41:06Z | https://www.ourmidland.com/sports/article/Jonas-Vingegaard-drops-Pogacar-in-final-Tour-17320763.php | true |
Morocco plans to set up EV battery 'gigafactory' -minister
By Ahmed Eljechtimi
MARRAKECH, Morocco, July 21 (Reuters) - Morocco is negotiating with electric vehicle battery manufacturers to set up a plant in the country to mesh with its existing automotive sector and cobalt output, Industry Minister Ryad Mezzour said on Thursday.
"We hope to sign a deal for the plant before the end of this year," the minister said in an interview with Reuters, but declined to name the companies.
He did not say how much investment it would require, but referred to it as a "gigafactory", a term widely used for very big production facilities.
The planned factory for EV batteries will "offer a huge momentum for the local automotive sector" and will benefit from the availability of renewable energy and raw materials such as cobalt and phosphates in the country, he said.
Demand for such batteries is growing outside and within Morocco, where Citroen plans to double its production capacity within two years from 50,000 supermini electric cars, Mezzour said.
Morocco is home to production plants of Renault and Stellantis with a combined production capacity of 700,000. "We are targeting 1 million within next three to four years," he said.
Exports by some 250 Moroccan automotive manufacturers and part makers topped Morocco's industrial exports over the past seven years surpassing phosphate sales.
Up to May this year, Morocco´s automotive sector sales stood at $4.13 billion, up 24%.
The first and second best selling cars in Europe, Dacia Sandero and Peugeot 208, respectively, are both made in Morocco, he said.
To increase competitiveness in the face of China and India, Morocco plans to increase the rate of locally made parts in the cars it exports to 80%, up from 65% currently, he said.
"The automotive and the aerospace industries are two drivers of industrial innovation in the country," he said.
AEROSPACE
The aerospace industry sales will exceed pre-COVID pandemic levels, he said, as exports up to May rose to %877 million, up 61% from a year earlier.
On Monday, Collins Aerospace became the latest major player to join a list of global aerospace manufacturers, including Boeing and Airbus, that import Moroccan-made parts.
The deal, signed on the sidelines of Farnborough Airshow, will add $1 billion in revenue to the Moroccan aerospace suppliers across all spectrums of engine, cabin, fuselage and wing part.
During the same event, Morocco signed another deal with GAL Aerospace to build a $12 million cabin interior plant.
Now, the 140 aerospace industry plants in Morocco are able to build 43% of the components of a global plane, Mezzour said. (Reporting by Ahmed Eljechtimi Editing by Marguerita Choy) | https://www.dailymail.co.uk/wires/reuters/article-11037285/Morocco-plans-set-EV-battery-gigafactory-minister.html?ns_mchannel=rss&ns_campaign=1490&ito=1490 | 2022-07-21T21:42:13Z | https://www.dailymail.co.uk/wires/reuters/article-11037285/Morocco-plans-set-EV-battery-gigafactory-minister.html?ns_mchannel=rss&ns_campaign=1490&ito=1490 | false |
DETROIT (AP) — FBI: A dig under New Jersey bridge showed no evidence of Teamsters boss Jimmy Hoffa who disappeared in 1975.
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MADISON, Wis. (AP) — The meeting place? A secret. Agenda? Not public. Name tags? Take them off in public.
Even one of the main social events — trivia night — would be at an undisclosed location. This was no meeting of spies or undercover law enforcement agents. Instead, these were the security protocols for a gathering this week in Madison, Wisconsin, of state election bureaucrats from around the U.S.
While the hush-hush measures might seem a bit extreme, they were put in place because of the very real threats against election workers that have been escalating since the 2020 presidential election as former President Donald Trump continues to promote the lie that widespread fraud cost him re-election.
Security increased at meetings of government officials after the Sept. 11, 2001, terror attacks, “but not like this where the agenda is kept secret,” said Kevin Kennedy, who was Wisconsin’s top election official for nearly four decades before retiring in 2016. He has attended meetings of the National Association of State Election Directors for more than 30 years and said it was jarring that otherwise anonymous election workers are now being targeted.
“This is just at a different level, and it’s a reflection of the times and it’s unfortunate,” he said.
State and local election officials have become targets for those upset with Trump’s loss and who believe any number of unfounded conspiracy theories about a rigged election. Many have retired or quit as a result, raising staffing concerns in some offices.
Four people have been charged by federal prosecutors, with one of them pleading guilty last month. In that case, Colorado Secretary of State Jena Griswold was the subject of multiple threatening posts on social media.
Robert Heberle, deputy chief of the Justice Department’s public integrity section, told state election officials recently that dozens of cases were still under investigation and more prosecutions were expected.
Griswold, a Democrat who has received numerous death threats since the 2020 election, traveled to the National Association of Secretaries of State conference earlier this summer in Louisiana with private security.
In a statement to The Associated Press, Griswold said she won’t be intimidated by the threats and said a new state law she helped pass increases protections for election workers at all levels.
“We cannot allow violent threats to secretaries of state and election workers become an accepted norm in the United States,” she said.
Organizers of the secretaries of state meeting, held twice a year, have been increasing security measures since the 2020 election, said Maria Benson, the group’s communications director. That includes coordinating with law enforcement agencies before and during the conferences, she said.
At the group’s summer meeting earlier this month in Baton Rouge, local law enforcement officers were visible in the lobby and meeting areas of the hotel where the conference was being held. Members of the media were instructed to keep their credentials visible while in the meeting area.
It’s not just election officials who are commanding tighter security during their gatherings.
When the National Governors Association met earlier this month in Portland, Maine, security was the highest in the state in decades.
The heavy law enforcement presence included city police, state police and security details, including troopers from other states. Plainclothes police roamed the event, and extra officers were kept out of sight, in case they were needed.
The increased security presence took place as demonstrators gathered to protest new abortion restrictions in states such as Arkansas, home of outgoing association chairman and current Gov. Asa Hutchinson, a Republican.
Security planning, which was in the works for months, also involved police K-9 units and patrol boats in the harbor.
“We are in different times right now,” said Shannon Moss, spokeswoman for the Maine Department of Public Safety. “Just look at recent events that happened in our country — mass shootings, violent and disruptive protests, a divisive political climate. Law enforcement has to be prepared to deal with these kinds of potential security threats.”
There were no protesters outside the gathering of election administrators this week in Wisconsin, but the threats of violence against election workers have become so pervasive that the group was taking no chances on security.
The exact location meeting — which ended up being just a block away from the state Capitol — wasn’t revealed to reporters who registered to cover it until four days before the event began. There were no signs in the hotel announcing the meeting. And the agenda detailing topics to be discussed, such as “understanding and preventing insider threats,” wasn’t handed out until the start of the meeting.
Amy Cohen, executive director of the state elections group, cautioned the 170 registered attendees from 33 states to wear their name tags when at the event, but to take them off when they left and went into the city.
“Don’t advertise who you are and exactly why you’re here,” she said.
Cohen said meeting organizers coordinated with federal, state and local law enforcement for the event. She encouraged attendees to report any suspicious activity they saw, and hotel staff had been trained to be vigilant.
She said the association did not live-stream any of the panels nor did it post any messages to its Twitter account during the gathering, although there were no social media prohibitions for those who attended.
“Please do be thoughtful about what you post and remember that some of the people in this room are dealing with serious security concerns and we need to be respectful to keep everyone safe,” Cohen said at the start of the gathering.
Judd Choate, Colorado’s state elections director for the past 13 years, attended the Wisconsin event and said he has been surprised at the level of rancor and hostility toward election workers. He said many of the attacks are coming from people with little understanding of how elections are run.
“We were kind of a sleepy part of government, and we’re not anymore,” he said.
___
Associated Press writers Christina A. Cassidy in Atlanta; and David Sharp and Patrick Whittle in Portland, Maine, contributed to this report. | https://www.wivb.com/news/amid-threats-security-rises-at-meetings-of-public-officials/ | 2022-07-21T21:43:28Z | https://www.wivb.com/news/amid-threats-security-rises-at-meetings-of-public-officials/ | false |
WFO AMARILLO Warnings, Watches and Advisories for Thursday, July 21, 2022
_____
SPECIAL WEATHER STATEMENT
Special Weather Statement
National Weather Service Amarillo TX
407 PM CDT Thu Jul 21 2022
...A strong thunderstorm will impact portions of southeastern Roberts
County through 430 PM CDT...
At 407 PM CDT, Doppler radar was tracking a strong thunderstorm over
Miami, moving south at 10 mph.
HAZARD...Wind gusts of 50 to 55 mph and pea size hail.
SOURCE...Radar indicated.
IMPACT...Gusty winds could knock down tree limbs and blow around
unsecured objects. Minor damage to outdoor objects is
possible.
Locations impacted include...
Miami and Codman.
PRECAUTIONARY/PREPAREDNESS ACTIONS...
If outdoors, consider seeking shelter inside a building.
Torrential rainfall is also occurring with this storm and may lead to
localized flooding. Do not drive your vehicle through flooded
roadways.
LAT...LON 3562 10054 3562 10076 3572 10079 3580 10060
3571 10054
TIME...MOT...LOC 2107Z 338DEG 9KT 3570 10066
MAX HAIL SIZE...0.25 IN
MAX WIND GUST...55 MPH
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Copyright 2022 AccuWeather | https://www.greenwichtime.com/weather/article/TX-WFO-AMARILLO-Warnings-Watches-and-Advisories-17320781.php | 2022-07-21T21:44:07Z | https://www.greenwichtime.com/weather/article/TX-WFO-AMARILLO-Warnings-Watches-and-Advisories-17320781.php | false |
JERUSALEM (AP) — Ukrainian therapist Svitlana Kutsenko thought she was making progress with her patients — army veterans recovering from mental trauma suffered during fighting with Russia in 2014. Then, war erupted again.
Now, five months after Russia invaded Ukraine, Kutsenko says the situation looks bleaker than ever. Many of her patients have returned to the front lines, while ordinary citizens scarred by the horrors of life in wartime are now seeking treatment.
“Sometimes it’s bearable, sometimes it’s not,” Kutsenko, who lives in Kyiv, told The Associate Press. “Some people are suffering from huge fear — fear of death, fear of their relatives’ death and some are pretty angry about what’s going on and they want to somehow take this anger under control.”
Kutsenko was among 20 Ukrainian mental health professionals who spent the past two weeks in Israel receiving training on how to treat trauma cases.
Israel, which has gone through numerous wars with its Arab neighbors and has a large population of Holocaust survivors, has deep experience in treating psychological or mental trauma.
But in Ukraine, awareness for recognizing and treating mental trauma remains relatively low. And despite a conflict with Russia that has been ongoing since 2014, the country is not equipped to deal with the massive numbers of people affected by the Russian invasion.
Kutsenko said that there is a great difference between treating patients struggling to come to terms with events from the past and helping people who are under fire cope with grief and fear in real time.
“Right now, in Ukraine, it’s not just, you know, shooting and people” being killed by missiles and bombs, says Kutsenko, adding that torture, rape and other terrible acts are also happening.
The course’s instructor, Danny Brom, says treating mental trauma in Israel has taught him how to provide therapy to victims who are both post-traumatic and still remain in immediate danger. These lessons, he says, have helped him relate to mental health professionals from conflict zones across the world and especially Ukraine.
“They understand that we Israelis know what we are talking about. This … has happened to us in the different wars, so there’s a very special connection between them and us. They really feel that we understand what we are talking about,” said Brom, a clinical psychologist who is director of Metiv, an Israeli nonprofit that trains mental health professionals to treat trauma victims.
The group included 20 psychologists from across Ukraine, including some who have been displaced throughout the war. The course included training in cognitive behavior therapy techniques, or CBT, which are commonly used to treat depression and anxiety.
Larysa Zasiekina is a psychologist from western Ukraine, where internally displaced people have flocked to seek refuge from the fighting.
Prior to the war, she treated adults but now she sees mothers and children who have had to suddenly leave everything behind as their husbands and fathers head off to battle.
Zasiekina says the course has given her new methods to cope with this new reality, especially when it comes to working with youth.
“We used a lot of imaginary exercises and I think these exercises are very good for children because actually they have a lot of imagination,” says Zasiekina. “They want to play.”
Throughout the course, the participants were never far from having to deal with horrific news from back home.
During her time in Jerusalem, Kutseno got word that the building across from her family home in Vinnytsia, where her parents still live, had been bombed. Her parents weren’t harmed in the barrage, which killed 23 people that day, but it was a terrifying reminder.
“Even being here, feeling safe, war is still (in) the background of everything I do here,” says Kutseno.
“It’s not like I will get back to something that will have changed,” she added. “What I will find there is war.” | https://www.wivb.com/news/health-news/ukrainian-experts-turn-to-israel-for-mental-trauma-training/ | 2022-07-21T21:46:09Z | https://www.wivb.com/news/health-news/ukrainian-experts-turn-to-israel-for-mental-trauma-training/ | false |
TOWN OF TONAWANDA, N.Y. (WIVB) — The Town of Tonawanda Police Department is receiving a $287,000 grant from the state.
“The allotment of funds will make it easier for officers to do their jobs for us,” Assemblyman Bill Conrad said. “It will also spare the town taxpayers a full burden of equipment upgrades and program enhancements.”
Those upgrades and enhancements are coming in the form of license plate readers and mounted radar units, allowing police to better locate stolen vehicles and stop speeding drivers.
According to Tonawanda police, complaints about speeders and stolen vehicles have gone up since the start of the COVID-19 pandemic.
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Evan Anstey is an Associated Press Award and Emmy-nominated digital producer who has been part of the News 4 team since 2015. See more of his work here and follow him on Twitter. | https://www.wivb.com/news/local-news/erie-county/tonawanda/town-of-tonawanda-police-receive-287k-grant/ | 2022-07-21T21:46:43Z | https://www.wivb.com/news/local-news/erie-county/tonawanda/town-of-tonawanda-police-receive-287k-grant/ | false |
NIAGARA FALLS, N.Y. (WIVB) — Chief John Faso of the Niagara Falls Police Department is looking for new recruits to fill out his department. With many members of his force preparing for retirement, he’s anticipating filling vacancies with good men and women who are interested in law enforcement.
To learn more about the criteria and requirements for the NFPD’s police academy, click here or visit the found it on 4 tab. | https://www.wivb.com/news/local-news/niagara-county/niagara-falls/niagara-falls-police-department-in-search-of-new-recruits-until-august-3/ | 2022-07-21T21:46:49Z | https://www.wivb.com/news/local-news/niagara-county/niagara-falls/niagara-falls-police-department-in-search-of-new-recruits-until-august-3/ | true |
WASHINGTON — The House Jan. 6 committee aims to show in what could be its final hearing Thursday night that Donald Trump's lies about a stolen election fueled the grisly U.S. Capitol attack, which he did nothing to stop but instead “gleefully” watched on television at the White House.
The prime-time hearing will dive into the 187 minutes that Trump failed to act on Jan. 6, 2021, despite pleas from aides, allies and even his family. The panel is arguing that the defeated president's attempts to overturn Joe Biden's election victory have left the United States facing enduring questions about the resiliency of its democracy.
“A profound moment of reckoning for America,” said Rep. Jamie Raskin, D-Md., a member of the committee.
With live testimony from two former White House aides, and excerpts from the committee's more than 1,000 interviews, the Thursday night session will add a closing chapter to the past six weeks of hearings that at times have captivated the nation and provided a record for history.
Ahead of the hearing, the committee released a video of four former White House aides -- press secretary Kayleigh McEnany, security aide Gen. Keith Kellogg, White House Counsel Pat Cipollone and executive assistant to the president Molly Michael -- testifying that Trump was in the private dining room with the TV on as the violence unfolded.
“Everyone was watching television,” Kellogg said.
Returning to prime time for the first time since the series of hearings began, the panel intends to explain just how close the United States came to what one retired federal judge testifying this summer called a constitutional crisis.
The events of Jan. 6 will be outlined “minute by minute,” said the panel's vice chair, Rep. Liz Cheney, R-Wyo.
“You will hear that Donald Trump never picked up the phone that day to order his administration to help," Cheney said.
“He did not call the military. His Secretary of Defense received no order. He did not call his Attorney General. He did not talk to the Department of Homeland Security," Cheney said. “Mike Pence did all of those things; Donald Trump did not.”
The hearing will show never-before-seen outtakes of a Jan. 7 video that White House aides pleaded for Trump to make as a message of national healing for the country. The footage will show how Trump struggled to condemn the mob of his supporters who violently breached the Capitol, according to a person familiar with the matter and granted anonymity to discuss it ahead of its public release.
Former White House aide Cassidy Hutchinson has testified that Trump wanted to include language about pardoning the rioters in the speech, but White House lawyers advised against it. Trump reluctantly condemned the riot in a three-minute speech that night.
Testifying Thursday are former White House aides. Matt Pottinger, who was deputy national security adviser, and Sarah Matthews, then press aide, both submitted their resignations on Jan. 6, 2021, after what they saw that day. Trump has dismissed the hearings on social media and regarded much of the testimony as fake.
Rep. Bennie Thompson, D-Miss., the chairman of the committee, is isolating after testing positive for COVID-19 and will attend by video. Rep. Elaine Luria, D-Va., a former Naval officer who will lead the session with Rep. Adam Kinzinger, R-Ill., who flew combat missions in Iraq and Afghanistan, said she expects the testimony from the White House aides will “just be really compelling.”
"These are people who believed in the work they were doing, but didn’t believe in the stolen election,” Luria said.
The White House aides were not alone in calling it quits that day. The panel is expected to provide a tally of the Trump administration aides and even Cabinet members who resigned after Trump failed to call off the attack. Some Cabinet members were so alarmed they discussed invoking the 25th Amendment to remove Trump from office.
As the panel continues to collect evidence and prepares to issue a preliminary report of findings, it has amassed the most substantial public record to date of what led up to Americans attacking the seat of democracy.
While the committee cannot make criminal charges, the Justice Department is monitoring its work.
So far, more than 840 people have been charged with federal crimes related to the Capitol riot. Over 330 of them have pleaded guilty, mostly to misdemeanors. Of the more than 200 defendants to be sentenced, approximately 100 received terms of imprisonment.
What remains uncertain is whether Trump or the former president's top allies will face serious charges. No former president has ever been federally prosecuted by the Justice Department.
Attorney General Merrick Garland said Wednesday that Jan. 6 is “the most wide-ranging investigation and the most important investigation that the Justice Department has ever entered into.”
“We have to get this right,” Garland said. “For people who are concerned, as I think every American should be, we have to do two things: We have to hold accountable every person who is criminally responsible for trying to overturn a legitimate election, and we must do it in a way filled with integrity and professionalism.”
In delving into the timeline, the panel aims to show what happened between the time Trump left the stage at his “Stop the Steal” rally shortly after 1:10 p.m., after telling supporters to march to the Capitol, and some three hours later, when he issued a video address from the Rose Garden in which he told the rioters to “go home” but also praised them as “very special.”
It also expects to produce additional evidence about Trump's confrontation with Secret Service agents who refused to drive him to the Capitol — a witness account that the security detail has disputed.
Five people died that day as Trump supporters battled the police in gory hand-to-hand combat to storm the Capitol. One officer has testified about how she was “slipping in other people's blood” as they tried to hold back the mob. One Trump supporter was shot and killed by police.
“The president didn’t do very much but gleefully watch television during this time frame,” Kinzinger said.
Not only did Trump refuse to tell the mob to leave the Capitol, he did not call other parts of the government for backup and gave no order to deploy the National Guard, Cheney said.
This despite countless pleas from Trump's aides and allies, including his daughter Ivanka Trump and Fox News host Sean Hannity, according to previous testimony and text messages the committee has obtained.
“You will hear that leaders on Capitol Hill begged the president for help,” Cheney has said, including House Republican leader Kevin McCarthy, who she said indicated he was “'scared' and called multiple members of President Trump’s family after he could not persuade the President himself.”
The panel has said its investigation is ongoing and other hearings are possible. It expects to compile a preliminary report this fall, and a final report by the end of this session of Congress. | https://www.weareiowa.com/article/news/nation-world/jan-6-hearing-primetime-trump-inaction-capitol-riot/507-f3da0291-fd0c-4b30-8aef-7f84c5075ab6 | 2022-07-21T21:47:18Z | https://www.weareiowa.com/article/news/nation-world/jan-6-hearing-primetime-trump-inaction-capitol-riot/507-f3da0291-fd0c-4b30-8aef-7f84c5075ab6 | true |
Liz Truss has taken a decisive lead over Rishi Sunak in the Conservative leader race, according to YouGov's first Tory members poll since the final two candidates were decided. According to the results, the Foreign Secretary has a 24-point lead over the former Chancellor.
The headline voting intention figures show that Ms Truss took 62% of the vote, with Mr Sunak taking just 38%, according to the YouGov poll. After Penny Mordaunt was eliminated from the race on yesterday (July 20), Mr Sunak and Ms Truss are now the only candidates to be the party leader and next Prime Minister.
The final decision will be voted on by Tory members of more than three months, with the vote opening tomorrow (July 22). Hustings will be held throughout July and August to decide the new leader, with results expected by September 5.
Read more:Rishi Sunak gives Sprite, Twix and sunscreen to journalists as part of 'care package'
YouGov polls from earlier in the week also forecast that Ms Truss would beat Mr Sunak in a hypothetical vote, a prediction that was confirmed by the most recent polls. At the moment, 31% of Tory members have said that they intend to vote for Mr Sunak, while 49% expressed an intention to vote for Liz Truss.
A further 15% currently don’t know how they will vote, while 6% currently told YouGov they will abstain. These numbers result in the 38:62 headline voting intention breakdown and give Ms Truss a 24-point lead over Mr Sunak.
Further insights from YouGov include that while 50% of the membership believe Mr Sunak would make a good leader, 42% think he would be bad at the job, including 23% who think he would make a “very poor” leader. For Ms Truss, almost two-thirds (62%) believe that she would make a good party leader, versus 31% who think she would not.
In addition, perhaps as a result of the recent 'Partygate' scandals, four in ten Tory members stated that they didn't think Mr Sunak could be trusted, in comparison to just 18% saying they didn't trust Ms Truss.
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- 'Outstanding' nursery was flying high but then whistleblower spoke up | https://www.stokesentinel.co.uk/news/uk-world-news/liz-truss-takes-big-lead-7365570 | 2022-07-21T21:47:33Z | https://www.stokesentinel.co.uk/news/uk-world-news/liz-truss-takes-big-lead-7365570 | false |
HOUSTON, July 21, 2022 /PRNewswire/ -- Coterra Energy Inc. ("Coterra" or the "Company") (NYSE: CTRA) today announced it will host a conference call on Wednesday, August 3, 2022, at 9:00 AM CT (10:00 AM ET) to discuss second-quarter 2022 financial and operating results. The Company plans to announce second-quarter 2022 results after the market closes on Tuesday, August 2, 2022.
Conference Call Information
Date: Wednesday, August 3, 2022
Time: 10:00 AM ET / 9:00 AM CT
Dial-in (for callers in the U.S. and Canada): (888) 550-5424
Int'l dial-in: (646) 960-0819
Conference ID: 3813676
To access the live webcast, visit the "Events & Presentations" page under the "Investors" section of the Company's website at www.coterra.com. The replay will be archived and available at the same location after the conclusion of the live event.
About Coterra Energy
Coterra is a premier exploration and production company based in Houston, Texas with focused operations in the Permian Basin, Marcellus Shale and Anadarko Basin. We strive to be a leading producer, delivering returns with a commitment to sustainability leadership. Learn more about us at www.coterra.com.
View original content:
SOURCE Coterra Energy Inc. | https://www.wsaz.com/prnewswire/2022/07/21/coterra-energy-schedules-second-quarter-2022-results-conference-call-wednesday-august-3-2022/ | 2022-07-21T21:48:37Z | https://www.wsaz.com/prnewswire/2022/07/21/coterra-energy-schedules-second-quarter-2022-results-conference-call-wednesday-august-3-2022/ | false |
JAKARTA, Indonesia (AP) — Thousands of cattle are covered in blisters from highly infectious foot-and-mouth disease in Indonesia, sounding the alarm for the country, its Southeast Asian neighbors and Australia. The virus found in two provinces in May has now infected several hundred-thousand animals across multiple provinces, including the popular tourist destination of Bali.
Indonesia is now taking measures to curb the spread of the disease. Australia has offered assistance in hopes of preventing the disease and its economic and environmental consequences from crossing its borders.
Here’s a look at the disease and what’s happening in Indonesia.
___
WHAT IS FOOT-AND-MOUTH DISEASE?
Foot-and-mouth disease is caused by a virus that infects cattle, sheep, goats, swine and other cloven-hoofed animals. While death rates are typically low, the disease can make animals ill with fever, decreased appetite, excessive drooling, blisters and other symptoms.
The disease was once found worldwide but has since been erased from some regions, including western Europe and North America. Parts of Southeast Asia, such as Malaysia and Thailand, have had regular outbreaks, but Indonesia until now had been free from the disease since 1986.
The ongoing outbreak is concentrated in dairy and beef cattle, but the spread to other susceptible animals can’t be ruled out.
___
HOW DOES IT SPREAD?
The virus spreads easily through contact and airborne transmission and can quickly infect entire herds. People can spread the disease though things like farming equipment, shoes, clothing, vehicle tires and more that have come in contact with the virus. Though it’s considered rare, humans can also carry the virus in their nose for short periods of time, infecting animals, said Michael Ward, chair of the Veterinary Public Health & Food Safety at the University of Sydney.
Livestock feed and animal products such as meat and hides can also carry and spread the virus.
More than 300,000 livestock in Indonesia had foot-and-mouth disease by the first week of July. In the same month, the Eid al-Adha festival — a Muslim holiday marked with ritual animal sacrifice — resulted in large movement of animals around the country, which is considered to have accelerated the spread of the disease.
___
WHY ARE OFFICIALS WORRIED?
Because it is so easily spread, the virus can be incredibly difficult to get rid of once there is an outbreak. In poorer countries, sick animals affect people’s access to food. In middle-income and richer countries, the disease affects the livestock trade and related industries. One paper estimated that foot-and-mouth disease outbreaks can cost billions of dollars, highlighting the damage to governments and farmers.
Australia, which is currently free of foot-and-mouth disease, has expressed particular worry about the spread from Indonesia. The resort island of Bali is a popular tourist destination for Australians and has confirmed cases of the disease.
___
WHAT IS BEING DONE TO COMBAT THE OUTBREAK?
Indonesia is using animal testing, vaccination, treatment, and conditional slaughter to try to curb the outbreak. The Ministry of Agriculture launched a vaccination program for livestock in mid-June, prioritizing doses for healthy animals at high risk of infection, such as those at crowded places such as livestock breeding centers, community-owned dairy farms, dairy cooperatives, and beef cattle farms.
The Australian government has offered financial and vaccine assistance for Indonesia’s response to the recent outbreak. The vaccination program is likely to focus on support for the small-holder farm sector, which accounts for 90% of Indonesia’s cattle industry.
In Australia, the government announced it would install disinfectant mats at airports that are intended to capture potentially contaminated dirt from the shoes of those returning from overseas. Government officials also promised more stringent biosecurity checks, such as sniffing detector dogs, for those returning from overseas.
___
CAN PEOPLE GET FOOT-AND-MOUTH DISEASE?
No. Foot-and-mouth disease is often confused with hand, foot and mouth disease, which is caused by a different virus and mostly infects young children. People do not get the animal disease, and animals do not get the human disease, according to the U.S. Centers for Disease Control and Prevention.
___
The Associated Press Health and Science Department receives support from the Howard Hughes Medical Institute’s Department of Science Education. The AP is solely responsible for all content. | https://www.wivb.com/news/world/explainer-foot-and-mouth-disease-and-the-efforts-to-stop-it/ | 2022-07-21T21:49:53Z | https://www.wivb.com/news/world/explainer-foot-and-mouth-disease-and-the-efforts-to-stop-it/ | true |
As the First Variable Annuity Turns 70, TIAA's CREF Proves as Powerful as Ever
NEW YORK, July 20, 2022 /PRNewswire/ -- The same conditions that made the TIAA CREF variable annuity so revolutionary when it was introduced in July 1952 are again demonstrating the value of the innovative solution on its 70th anniversary.
The CREF lineup includes eight options, representing all asset classes, using multiple approaches to investing.Between 1940 and 1950, Americans faced skyrocketing inflation that almost halved their purchasing power. At the same time, life expectancy in the U.S. was steadily rising. To tackle the potential retirement shortfall, TIAA came up with a retirement offering that provided an opportunity for both growth and lifetime income: the world's first variable annuity, now known as the CREF Stock Account.
"When the CREF Stock Account was developed, the economy faced great inflationary pressures, just like today," said Colbert Narcisse, TIAA's Chief Product & Business Development Officer. "Even moderate inflation can be devastating in retirement. A diversified retirement portfolio that includes lifetime income from both fixed and variable annuities can offer the confidence of having adequate income for life."
TIAA's CREF variable annuity offers seven other investment options, in addition to the CREF Stock account, including strategies in equity, fixed Income, money market and a balanced fund.
Diversified Income Approach
CREF is designed to be paired with TIAA Traditional, a fixed annuity that allows participants to create a diversified retirement income strategy that meets their individual retirement-income needs. A fixed annuity can provide a reliable income floor to pay for essential expenses and supplement other guaranteed income sources, like Social Security. Variable annuities, on the other hand, offer the opportunity for growth to help investors cope with rising costs over the length of their retirement and provide payments for life.
From 2020-2021, for example, variable annuity income payment increased by over 60% for annuitants who receive income from equity accounts, like the CREF Stock account— the highest year-over-year increase since CREF's inception.
The recent market swings highlight the importance of a well-diversified asset allocation strategy that can help give people the confidence to remain invested in the market, even during times of increased volatility, and help outpace inflation over the long term.
CREF accounts offer:
- Opportunity for growth - Professionally managed investment options designed to provide long-term performance and opportunity for growth through equity exposure.
- Lowest fees in the industry - CREF accounts have the lowest expenses among all variable annuities, and even offer expense ratios lower than the average mutual fund.1
- Lifetime income - CREF annuitants typically receive monthly income that has been historically higher than the "rule of thumb" withdrawal rate of 4%.2 Also, payments can increase over time to help address the rising costs of living.3 This benefit has provided a secure retirement to millions of customers over the last 70 years.
"Seventy years on, CREF continues to be an important part of helping people enjoy a secure retirement," said Narcisse. "With inflation threatening to eat away at the value of savings, CREF is reassuring to our millions of participants, who know they can count on lifetime income."
About TIAA
TIAA is a leading provider of secure retirements and outcome-focused investment solutions to millions of people and thousands of institutions. It is the #1 not-for-profit retirement market provider4, paid more than $6.4 billion in lifetime income to retired clients in 2021 and has $1.3 trillion in assets under management (as of 3/31/2022)5.
Learn more about TIAA
Read the latest TIAA news
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TIAA-CREF Individual & Institutional Services, LLC, Member FINRA, distributes securities products. Annuity contracts and certificates are issued by Teachers Insurance and Annuity Association of America (TIAA) and College Retirement Equities Fund (CREF), New York, NY. Each is solely responsible for its own financial condition and contractual obligations.
This material is for informational or educational purposes only and does not constitute fiduciary investment advice under ERISA, a securities recommendation under all securities laws, or an insurance product recommendation under state insurance laws or regulations. This material does not take into account any specific objectives or circumstances of any particular investor, or suggest any specific course of action. Investment decisions should be made based on the investor's own objectives and circumstances.
You should consider the investment objectives, risks, charges and expenses carefully before investing. Please call 877-518-9161 or go to www.TIAA.org/prospectuses for current product and fund prospectuses that contain this and other information. Please read the prospectuses carefully before investing.
Any guarantees under annuities issued by TIAA are subject to TIAA's claims-paying ability.
The income payments from the variable annuity accounts vary with current market conditions and are not guaranteed. They will rise or fall based on investment performance. There are risks associated with investing in securities including possible loss of principal. Past performance does not guarantee future results.
Investment, insurance and annuity products are not FDIC insured, are not bank guaranteed, are not deposits, are not insured by any federal government agency, are not a condition to any banking service or activity, and may lose value.
1 Source: Morningstar Direct, March 31, 2022. The CREF variable annuity accounts have expense ratios that are in the bottom decile (or 100% below median) of their respective Morningstar variable annuity sub-account category. Our variable annuity accounts are subject to various fees and expenses, including but not limited to management, administrative, and distribution fees; our variable annuity products have an additional mortality and expense risk charge. Please see CREF prospectus for other fees or expenses.
2 TIAA Actuarial, Morningstar from inception May 2021: When compared to a theoretical 4% systematic withdrawal, CREF has historically paid more; as of May 2020, the payout rate for a CREF annuity at age 65 ranges from 5.9% (Joint Annuity with 20 years guaranteed) to 6.7% (Single Life Annuity). There are material differences between mutual funds and CREF variable accounts. Mutual fund capital-gain distributions or dividends paid are added to the number of shares owned (number of shares increase). CREF account capital-gain distributions or dividends are added to the unit value (number of units stay constant). Mutual fund withdrawals are only available as one-time or systematic withdrawals. CREF accounts include the right to receive an income stream (a binding decision to receive annuity payments) from all or part of an account's accumulation. CREF accounts deduct a mortality and expense-risk charge of 0.005%
3 Payments from the CREF variable annuity accounts are not guaranteed and will rise or fall depending on investment performance compared to a 4% AIR (Assumed Interest Rate).
4As of Dec. 31, 2020. Based on data in PLANSPONSOR's 403(b) Market Survey, which published in August 2021.
5As of March 31, 2022 assets under management across Nuveen Investments affiliates and TIAA investment management teams are $1.321 trillion.
©2022 Teachers Insurance and Annuity Association of America-College Retirement Equities Fund, 730 Third Avenue, New York, NY 10017
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SOURCE TIAA
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Jetzt informieren! | https://www.finanzen.at/nachrichten/aktien/as-the-first-variable-annuity-turns-70-tiaas-cref-proves-as-powerful-as-ever-1031601200 | 2022-07-21T21:51:00Z | https://www.finanzen.at/nachrichten/aktien/as-the-first-variable-annuity-turns-70-tiaas-cref-proves-as-powerful-as-ever-1031601200 | true |
Twitter offers mixed reactions to Kyler Murray’s massive extension originally appeared on NBC Sports Bayarea
Kyler Murray secured a major bag on Thursday, but the reaction to his payday was more of a mixed bag.
The former No. 1 overall draft pick reportedly inked a five-year, $230.5 million extension with the Arizona Cardinals that will keep him under contract through the 2028 season. The deal will make him the second-highest-paid quarterback in the NFL in 2022, trailing only Aaron Rodgers of the Green Bay Packers.
News of the extension was music to the ears of Murray’s teammates, along with a contingent of Cardinals fans, after months of speculation about his future in Arizona:
Sports
In partnership with NBC Sports Philadelphia
With such a massive contract, other Twitter users were reminded of the choice Murray made between playing baseball with the Oakland A’s or heading to the NFL:
Not everyone was feeling quite as happy for Murray, or the Cardinals for that matter.
Some people were perplexed by the direction the Cardinals were going:
Others turned their attention to Murray’s money figure compared to other players, especially those who are in line for new deals in the near future:
And lastly, not even $230.5 million can stop short jokes:
If Murray wanted to pull a Kevin Durant, he could ask those people how tall their money stacks… | https://www.nbcphiladelphia.com/news/sports/twitter-offers-mixed-reactions-to-kyler-murrays-massive-extension/3306887/ | 2022-07-21T21:53:53Z | https://www.nbcphiladelphia.com/news/sports/twitter-offers-mixed-reactions-to-kyler-murrays-massive-extension/3306887/ | true |
WATCH
3:17| Jul 21, 2022, 05:16PM EDT
Looming Covid-19 Lockdowns In China Would Threaten America's Economic Recovery
If there’s any indication that what happens next in China is a big deal for the U.S. economy, it’s that Federal Reserve officials mentioned the country’s Covid-related lockdowns eight times at their latest policy meeting on June 15.
More Videos from Forbes
More Videos | https://www.forbes.com/video/6309850628112/looming-covid19-lockdowns-in-china-would-threaten-americas-economic-recovery/ | 2022-07-21T21:55:31Z | https://www.forbes.com/video/6309850628112/looming-covid19-lockdowns-in-china-would-threaten-americas-economic-recovery/ | false |
Asurion® Repair Experts Provide Fast Fixes on Phones, Tablets, Laptops, and More
REDLANDS, Calif., July 21, 2022 /PRNewswire/ -- A new electronics repair shop, Asurion Tech Repair & Solutions™, has opened in Redlands at 9980 Alabama St. The store offers professional fixes for most consumer electronics, from smartphones, tablets, and computers to game consoles, smart speakers, drones, and more.
While common repairs include cracked screens, battery issues, and water damage, the company's repair experts have fixed millions of devices and can help with most any tech mishap, and many basic repairs can be completed in 45 minutes or less.
"I'm looking forward to the opportunity to introduce Asurion Tech Repair & Solutions to Redlands as we continue to serve this region," said Damon Madison, Asurion Tech Repair & Solutions District Manager. "Our team prioritizes customer satisfaction above all else. By offering free diagnostics on all device issues, matching competitors' prices, and guaranteeing fast-turnarounds on device repairs, we're dedicated to making our customers' experience affordable and convenient."
The store's expert repair technicians fix all kinds of technology, regardless of make or model, and the store is an authorized repair provider for Samsung Galaxy and Google Pixel smartphones. Customers can book a repair appointment online or stop by the store for walk-in service. The store offers free, no-obligation diagnostics on all gadgets, as well as a 1-year limited warranty on all repairs. It even offers a price match guarantee on any local competitor's regularly published price for the same repair.
The new Asurion Tech Repair & Solutions store brings the company's retail footprint to more than 750 locations across the U.S. Formerly known as uBreakiFix®, all U.S. locations will rebrand as Asurion Tech Repair & Solutions throughout 2022.
"We are excited to serve people in Redlands with fast and affordable tech repair," said Dave Barbuto, CEO of Asurion Tech Repair & Solutions. "We all rely on our phones and laptops more than ever before, and our mission is bigger than repairing shattered screens and broken charge ports. We fix tech because people depend on it to stay connected to things that are important to them. I look forward to serving this community through our new location."
The new store is located at:
Asurion Tech Repair & Solutions
9980 Alabama St Suite C, Redlands, CA 92374
(909)-843-9093
Asurion Tech Repair & Solutions™, formerly known as uBreakiFix®, is the retail brand operated and franchised by a subsidiary of tech care company Asurion®. As the world's leading tech care company, Asurion eliminates the fears and frustrations associated with technology to ensure its 300 million customers get the most out of their devices, appliances, and connections. Asurion Tech Repair & Solutions stores specialize in the repair of consumer technology, including smartphones, game consoles, tablets, computers, and nearly everything in between. Asurion Tech Repair and Solutions repair experts fix cracked screens, software issues, camera issues, and most other tech mishaps at more than 750 stores across the U.S. The stores provide fast, affordable fixes for nearly any device type, regardless of make or model, including authorized repairs for Google Pixel and Samsung Galaxy smartphones.
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SOURCE Asurion Tech Repair & Solutions | https://www.wymt.com/prnewswire/2022/07/21/asurion-tech-repair-amp-solutions-opens-redlands/ | 2022-07-21T21:55:44Z | https://www.wymt.com/prnewswire/2022/07/21/asurion-tech-repair-amp-solutions-opens-redlands/ | false |
SEATTLE, July 21, 2022 /PRNewswire/ -- The Washington Poison Center (WAPC) is pleased to announce the hiring of Dr. Sasha Kaiser, MD as its Associate Medical Director. In this role, Dr. Kaiser will provide medical oversight to WAPC's call center specialists in poison information, ensuring the WAPC continues its provision of high-quality poisoning treatment advice and consultations. Dr. Kaiser will also support clinical education and outreach at the local, state, and national level for healthcare providers, as well as the WAPC's toxicology training programs for emergency medicine physicians, pharmacists, nurses, and EMTs.
"The Washington Poison Center is happy to welcome Dr. Kaiser after her extensive training," comments Dr. Scott Phillips, Medical Director of the WAPC. "Dr. Kaiser's addition to the Center allows us to provide greater outreach and support to the medical community."
With this position, Dr. Kaiser is returning to her Washington roots. After growing up on Camano Island, Dr. Kaiser moved to Spokane to work as a pharmacy technician and attend nursing school. She then moved to Florida to pursue a career as a physician, attending the Florida State University College of Medicine. Dr. Kaiser completed her Emergency Medicine Residency in 2020 at Denver Health, and is board certified in Emergency Medicine. She now returns to Washington following the completion of her medical toxicology fellowship at Rocky Mountain Poison and Drug Safety. Dr. Kaiser began her role at the WAPC on July 18, 2022.
Dr. Kaiser has authored numerous manuscripts in peer-reviewed journals and has lectured on topics in medical toxicology and emergency medicine to pharmacists, medical students, residents, and hospital organizations. Her research includes acetaminophen poisoning, focusing on genetic and patient susceptibility factors. Dr. Kaiser additionally completed the American College of Medical Toxicology Fellows in Industry Rotation, which focused on product development and regulation for safety.
Meet Dr. Kaiser on August 5 at 12:00pm in a livestream on the WAPC's YouTube channel and Facebook page.
About the WAPC: The Washington Poison Center is a 501(c)3 nonprofit mandated by Washington State to deliver poison and drug exposure-related medical advice and education to community members, first responders, and healthcare providers. WAPC provides medical advice through a 24/7/365 free telephone line staffed by specially trained pharmacists, nurses, and physician medical toxicologists. WAPC also provides free programs to educate local communities on poison safety, prevention, and harm reduction.
Media contact: mryuk@wapc.org
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SOURCE Washington Poison Center | https://www.wymt.com/prnewswire/2022/07/21/dr-sasha-kaiser-hired-associate-medical-director-washington-poison-center/ | 2022-07-21T21:57:18Z | https://www.wymt.com/prnewswire/2022/07/21/dr-sasha-kaiser-hired-associate-medical-director-washington-poison-center/ | true |
PURCHASE, N.Y., July 21, 2022 /PRNewswire/ -- The Board of Directors of PepsiCo, Inc. (NASDAQ: PEP) today declared a quarterly dividend of $1.15 per share of PepsiCo common stock, a 7 percent increase versus the comparable year-earlier period. Today's action is consistent with PepsiCo's previously announced increase in its annualized dividend to $4.60 per share from $4.30 per share, which began with the June 2022 payment. This dividend is payable on September 30, 2022 to shareholders of record at the close of business on September 2, 2022. PepsiCo has paid consecutive quarterly cash dividends since 1965, and 2022 marked the company's 50th consecutive annual dividend increase.
About PepsiCo
PepsiCo products are enjoyed by consumers more than one billion times a day in more than 200 countries and territories around the world. PepsiCo generated more than $79 billion in net revenue in 2021, driven by a complementary beverage and convenient foods portfolio that includes Lay's, Doritos, Cheetos, Gatorade, Pepsi-Cola, Mountain Dew, Quaker, and SodaStream. PepsiCo's product portfolio includes a wide range of enjoyable foods and beverages, including many iconic brands that generate more than $1 billion each in estimated annual retail sales.
Guiding PepsiCo is our vision to Be the Global Leader in Beverages and Convenient Foods by Winning with PepsiCo Positive (pep+). pep+ is our strategic end-to-end transformation that puts sustainability and human capital at the center of how we will create value and growth by operating within planetary boundaries and inspiring positive change for planet and people. For more information, visit www.pepsico.com.
Cautionary Statement
Statements in this release that are "forward-looking statements" are based on currently available information, operating plans and projections about future events and trends. Forward-looking statements inherently involve risks and uncertainties. For information on certain factors that could cause actual events or results to differ materially from our expectations, please see PepsiCo's filings with the Securities and Exchange Commission, including its most recent annual report on Form 10-K and subsequent reports on Forms 10-Q and 8-K. Investors are cautioned not to place undue reliance on any such forward-looking statements, which speak only as of the date they are made. PepsiCo undertakes no obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise.
Contact: pepsicomediarelations@pepsico.com
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SOURCE PepsiCo, Inc. | https://www.wistv.com/prnewswire/2022/07/21/pepsico-declares-quarterly-dividend/ | 2022-07-21T21:59:29Z | https://www.wistv.com/prnewswire/2022/07/21/pepsico-declares-quarterly-dividend/ | true |
NEW YORK, July 21, 2022 /PRNewswire/ -- Pomerantz LLP announces that a class action lawsuit has been filed against Teladoc Health, Inc. ("Teladoc" or the "Company") (NYSE: TDOC) and certain of its officers. The class action, filed in the United States District Court for the Southern District of New York, and docketed under 22-cv-04687, is on behalf of a class consisting of all persons and entities other than Defendants that purchased or otherwise acquired Teladoc securities between October 28, 2021 and April 27, 2022, both dates inclusive (the "Class Period"), seeking to recover damages caused by Defendants' violations of the federal securities laws and to pursue remedies under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 (the "Exchange Act") and Rule 10b-5 promulgated thereunder, against the Company and certain of its top officials.
If you are a shareholder who purchased or otherwise acquired Teladoc securities during the Class Period, you have until August 5, 2022 to ask the Court to appoint you as Lead Plaintiff for the class. A copy of the Complaint can be obtained at www.pomerantzlaw.com. To discuss this action, contact Robert S. Willoughby at newaction@pomlaw.com or 888.476.6529 (or 888.4-POMLAW), toll-free, Ext. 7980. Those who inquire by e-mail are encouraged to include their mailing address, telephone number, and the number of shares purchased.
Teladoc provides virtual healthcare services in the U.S. and internationally through Business-to-Business and Direct-to-Consumer ("D2C") distribution channels. The Company offers its customers various virtual products and services addressing, among other medical issues, mental health through its BetterHelp D2C product, and chronic conditions.
Teladoc touts itself as "the first and only company to provide a comprehensive and integrated whole person virtual healthcare solution that both provides and enables care for a full spectrum of clinical conditions[.]" Despite recent market concerns over new entrants to the telehealth field, such Amazon.com, Inc. and Walmart Inc., the Company has continued to assure investors of the Company's dominant market position in the industry.
In fact, as recently as February 2022, Teladoc forecasted full year ("FY") 2022 revenue of $2.55 - $2.65 billion, as well as adjusted earnings before interest, taxes, depreciation, and amortization ("EBITDA") of $330 - $355 million, on anticipated continued growth through its competitive advantages.
The complaint alleges that, throughout the Class Period, Defendants made materially false and misleading statements regarding the Company's business, operations, and prospects. Specifically, Defendants made false and/or misleading statements and/or failed to disclose that: (i) increased competition, among other factors, was negatively impacting Teladoc's BetterHelp and chronic care businesses; (ii) accordingly, the growth of those businesses was less sustainable than Defendants had led investors to believe; (iii) as a result, Teladoc's revenue and adjusted EBITDA projections for FY 2022 were unrealistic; (iv) as a result of all the foregoing, Teladoc would be forced to recognize a significant non-cash goodwill impairment charge; and (v) as a result, the Company's public statements were materially false and misleading at all relevant times.
On April 27, 2022, Teladoc announced its first quarter ("Q1") 2022 financial results, including revenue of $565.4 million, which missed consensus estimates by $3.23 million, and "[n]et loss per share of $41.58, primarily driven by [a] non-cash goodwill impairment charge of $6.6 billion or $41.11 per share[.]" Additionally, the Company revised its FY 2022 revenue guidance to $2.4 - $2.5 billion and adjusted EBITDA guidance to $240 - $265 million "to reflect dynamics we are currently experiencing in the [D2C] mental health and chronic condition markets." On a conference call with investors and analysts that day to discuss Teladoc's Q1 2022 results, Defendants largely attributed the Company's poor performance, revised FY 2022 guidance, and $6.6 billion non-cash goodwill impairment charge to increased competition in its BetterHelp and chronic care businesses.
On this news, Teladoc's stock price fell $22.48 per share, or 40.15%, to close at $33.51 per share on April 28, 2022.
Pomerantz LLP, with offices in New York, Chicago, Los Angeles, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com
CONTACT:
Robert S. Willoughby
Pomerantz LLP
rswilloughby@pomlaw.com
888-476-6529 ext. 7980
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SOURCE Pomerantz LLP | https://www.kxii.com/prnewswire/2022/07/21/shareholder-alert-pomerantz-law-firm-reminds-shareholders-with-losses-their-investment-teladoc-health-inc-class-action-lawsuit-upcoming-deadline-tdoc/ | 2022-07-21T21:59:31Z | https://www.kxii.com/prnewswire/2022/07/21/shareholder-alert-pomerantz-law-firm-reminds-shareholders-with-losses-their-investment-teladoc-health-inc-class-action-lawsuit-upcoming-deadline-tdoc/ | true |
(KXAN) — Would you buy an Elon Musk action figure?
You might get a chance in the coming years. Mattel, the company famous for Barbie and Hot Wheels, announced on Wednesday a multi-year deal with Musk-owned SpaceX. They plan to release a line of “SpaceX-inspired” toys aimed at collectors and kids.
Mattel’s Senior Vice President of Entertainment Partnerships, Nick Karamanos, said in a statement, “As space exploration advances more quickly than ever before, we are thrilled to work with SpaceX and help spark limitless play patterns for the space explorer in every kid.”
In a press release, SpaceX said they look forward to the partnership. The toys will be released under the company’s Matchbox brand. This brand includes tiny cars and construction equipment.
Mattel and Musk have worked together before. The company currently sells a toy “Cybertruck” on their website. The toy is based on the unreleased vehicle from Tesla, of which Musk serves as CEO.
That vehicle was originally supposed to launch in 2021. However, the truck has yet to hit the market. During a call with investors this month, Musk said the truck will likely launch in 2023.
The SpaceX toys will be released starting next year. | https://www.wfla.com/nextstar-news-wire/elon-musk-action-figures-mattel-plans-spacex-toys/ | 2022-07-21T21:59:46Z | https://www.wfla.com/nextstar-news-wire/elon-musk-action-figures-mattel-plans-spacex-toys/ | true |
Three county schools will launch a new special education preschool next month at Howard Elementary School.
Eastern, Northwestern and Western entered into a joint agreement this week to serve preschool students, ages 3-5, within each district.
The preschool will be an unused kindergarten classroom at Howard Elementary.
Northwestern Superintendent Kristen Bilkey said they expect to have about 18 students once the school starts in the fall. Twenty is the max; Northwestern has the most students for the preschool among the three districts.
Students will go half days, and not all kids will go each day. Enrollment also fluctuates throughout the year.
The schools have contracted with Bona Vista in the past for preschool special education services. This week’s move comes after a year of staffing challenges.
“This past year we had struggles with retaining teachers at Bona Vista,” Western superintendent Mark DuBois said last week. “We also had some struggles with services for our students.”
DuBois said physical therapy last year for Western’s special ed preschoolers was virtual, leading officials to wonder how beneficial it was.
Bona Vista acknowledged its staffing issues and is discontinuing its special education services where schools send preschoolers to the provider.
“The agency must always evaluate services and needs in our community to ensure that our programming remains relevant, of quality, and sustainable,” Bona Vista President Brianne Boles said in a statement.
Bona Vista said in a news release an increase in schools starting their own preschools and the rise of applied behavioral analysis (ABA) services has resulted in a decrease in its own special education services.
Other area schools, including Kokomo, Taylor and Tri-Central have similar setups with in-house preschools.
“We have a great relationship with them (Bona Vista), and we’re in a teacher shortage,” DuBois said. “They can’t offer a licensed teacher the same kind of contract we can at a school.”
Northwestern is in the process of hiring a teacher for the special education class. The participating school districts will split costs three ways.
Occupational and physical therapy will be provided by the Kokomo Area Special Education Cooperative (KASEC), which includes all Howard County schools, not counting Kokomo, along with Maconaquah, Tipton and Tri-Central.
The schools collaborate on special education services.
The new preschool stands to save each school money on costs. A drawback is Western students will be on the bus an extra six minutes.
“To have a physical therapist, a licensed teacher, I think the resources outweigh the extra six miles we’d be driving for that,” DuBois said.
The preschool is expected to start in early August. | https://www.kokomotribune.com/news/eastern-northwestern-western-to-start-special-ed-preschool/article_abb7be02-0934-11ed-8b60-5757aa43e978.html | 2022-07-21T21:59:50Z | https://www.kokomotribune.com/news/eastern-northwestern-western-to-start-special-ed-preschool/article_abb7be02-0934-11ed-8b60-5757aa43e978.html | true |
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MEMPHIS, Tenn. (WREG) — A Tipton County, Tennessee teenager has been found safe more than 13 months after authorities issued an Endangered Child Alert.
Carter Neal, 13, was reported safe by the Tennessee Bureau of Investigation on Thursday morning.
His 16-year-old sister, Lainey Anderson, was located back in January.
An Endangered Child Alert was issued for the children on June 4, 2021, after they were last seen with their non-custodial mother Hailey Whitehorn.
Whitehorn was wanted by the Tipton County Sheriff’s Office on charges of child abuse and neglect.
TBI did not provide details on whether Whitehorn was apprehended, but said the case has been resolved. | https://www.wjhl.com/news/regional/tennessee/west-tennessee-child-found-safe-after-more-than-a-year-missing/ | 2022-07-21T22:01:22Z | https://www.wjhl.com/news/regional/tennessee/west-tennessee-child-found-safe-after-more-than-a-year-missing/ | true |
Rugrats Renewed for Season Three and 13 Episodes Added to Season Two
Share it: @Rugrats @ParamountPlus @Nickelodeon @NickAnimation #Rugrats #NickSDCC
BURBANK, Calif., July 21, 2022 /PRNewswire/ -- Nickelodeon and Paramount+ today revealed a teaser for the second season of the reimagined animated series Rugrats, following the iconic babies – Tommy, Chuckie, Angelica, Susie, and Phil and Lil – as they explore the world and beyond from their pint-sized and wildly imaginative point-of-view. During an exclusive panel at Comic-Con International: San Diego 2022, the renewal news for a 13-episode season three and pickup for 13 additional season two episodes was also announced. Season two is coming in 2023 to Paramount+.
Moderated by Jim Viscardi (Executive Editor, Comicbook.com), the panel brought together the iconic voice talent behind the adventurous babies—EG Daily (Tommy), Cheryl Chase (Angelica), Charlet Chung (Kimi)—and executive producer Eryk Casemiro, and featured a discussion on rebooting the iconic series for a modern audience and an exclusive look at behind-the-scenes art from season two.
In the second season of Rugrats, the babies are back and ready to take on the world with their pint-sized perspectives and a diapie full of snacks. New episodes follow Tommy, Chuckie, Angelica, Susie, Phil, and Lil as they cross the frozen tundra, discover the treasures of ancient babies, and journey to the other side of the moon, while spending more time with friends including Kimi and her mom Kira, Begley, Boris and Minka, Gabi, Tia Esperanza, and more!
Download artwork HERE and click HERE to embed the trailer.
Paramount+'s all-new Rugrats series reimagines the classic '90s hit and features rich and colorful CG-animation. From Nickelodeon Animation, the series follows the babies – Tommy, Chuckie, Angelica, Susie, and Phil and Lil – as they explore the world and beyond from their pint-sized and wildly imaginative point-of-view. Season one is currently airing on Nickelodeon and is available to stream on Paramount+.
The original Rugrats series launched August 11, 1991, and instantly became a groundbreaking phenomenon, spawning consumer products and three hit theatrical releases, cementing its place in pop culture history through its iconic characters, storytelling, and unique visual style. Rugrats was in production for nine seasons over the course of 13 years. The series earned four Daytime Emmy Awards, six Kids' Choice Awards, and its own star on the Hollywood Walk of Fame.
About Nickelodeon
Nickelodeon, now in its 43rd year, is the number-one entertainment brand for kids. It has built a diverse, global business by putting kids first in everything it does. The brand includes television programming and production in the United States and around the world, plus consumer products, digital, location-based experiences, publishing and feature films. For more information or artwork, visit http://www.nickpress.com. Nickelodeon is a part of Paramount's (Nasdaq: PARA, PARAA) global portfolio of multimedia entertainment brands.
About Paramount+
Paramount+, a direct-to-consumer digital subscription video on-demand and live streaming service, combines live sports, breaking news and a mountain of entertainment. The premium streaming service features an expansive library of original series, hit shows and popular movies across every genre from world-renowned brands and production studios, including BET, CBS, Comedy Central, MTV, Nickelodeon, Paramount Pictures and the Smithsonian Channel. The service is also the streaming home to unmatched sports programming, including every CBS Sports event, from golf to football to basketball and more, plus exclusive streaming rights for major sports properties, including some of the world's biggest and most popular soccer leagues. Paramount+ also enables subscribers to stream local CBS stations live across the U.S. in addition to the ability to stream CBS News Streaming Network for 24/7 news, CBS Sports HQ for sports news and analysis and ET Live for entertainment coverage.
For more information about Paramount+, please visit www.paramountplus.com and follow @ParamountPlus on social platforms.
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SOURCE Nickelodeon | https://www.wibw.com/prnewswire/2022/07/21/nickelodeon-paramount-reveal-first-look-season-two-rugrats-comic-con-international-san-diego-2022/ | 2022-07-21T22:04:45Z | https://www.wibw.com/prnewswire/2022/07/21/nickelodeon-paramount-reveal-first-look-season-two-rugrats-comic-con-international-san-diego-2022/ | false |
BAR HARBOR, Maine (AP) _ Bar Harbor Bankshares Inc. (BHB) on Thursday reported second-quarter profit of $10.5 million.
The Bar Harbor, Maine-based bank said it had earnings of 70 cents per share.
The bank posted revenue of $37.7 million in the period. Its revenue net of interest expense was $35.5 million, which beat Street forecasts.
Bar Harbor shares have fallen 2% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $28.35, a climb of almost 1% in the last 12 months.
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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 BHB at https://www.zacks.com/ap/BHB | https://www.mrt.com/business/article/Bar-Harbor-Q2-Earnings-Snapshot-17320697.php | 2022-07-21T22:05:41Z | https://www.mrt.com/business/article/Bar-Harbor-Q2-Earnings-Snapshot-17320697.php | true |
Trend Micro research reveals increased complexity and reduced confidence
DALLAS, July 21, 2022 /PRNewswire/ -- New research from global cybersecurity firm Trend Micro has revealed that 54% of global organizations feel their cyber risk assessments are not sophisticated enough – exposing them to ransomware, phishing, IoT and other threats. Respondents also indicated that overly complex tech stacks and lack of awareness from leadership are exacerbating issues.
For more information on Trend Micro's global risk research, click here: https://www.trendmicro.com/explore/trend_global_risk_research_2
Many organizations are struggling with manual approaches to attack surface mapping (28%), and 32% report difficulty working with multiple tech stacks. This may explain why only around 40% are able to accurately detail any one of the following based on risk assessments:
- Risk levels for individual assets
- Attack attempt frequency
- Attack attempt trends
- Impact of a breach on any particular area
- Industry benchmarks
- Preventative action plans for specific vulnerabilities
Bharat Mistry, Technical Director at Trend Micro: "We already knew that organizations are concerned about a fast-expanding digital attack surface with limited visibility. Now we know that they also need urgent help to discover and manage cyber risk across this environment. In many cases, the challenge is compounded by siloed point solutions. Organizations must search for a single platform that gives them the certainty and security they require."
About one third of the IT and business decision makers Trend Micro interviewed say that assessing risk is the main area of attack surface management they struggle with. As a result, over 80% feel exposed to ransomware, phishing and IoT attacks.
The inability of organizations to accurately assess attack surface risk also keeps business leaders in the dark. Over half of respondents struggle to quantify risk exposure to leadership, and only 3% believe their C-suite fully understands cyber risk at present.
There's a clear opportunity here for organizations to leverage third-party expertise.
Two-fifths (39%) of respondents are already invested in a platform-based approach to attack surface management, while half (50%) of respondents say they'd like to do the same. Of those who've already made the move, improved visibility (38%), faster breach detection (35%) and accelerated response (34%) are the most cited advantages.
Trend Micro commissioned Sapio Research to interview 6297 IT and business decision makers across 29 countries to compile the study.
About Trend Micro
Trend Micro, a global cybersecurity leader, helps make the world safe for exchanging digital information. Fueled by decades of security expertise, global threat research, and continuous innovation, Trend Micro's cybersecurity platform protects hundreds of thousands of organizations and millions of individuals across clouds, networks, devices, and endpoints. As a leader in cloud and enterprise cybersecurity, the platform delivers a powerful range of advanced threat defense techniques optimized for environments like AWS, Microsoft, and Google, and central visibility for better, faster detection and response. With 7,000 employees across 65 countries, Trend Micro enables organizations to simplify and secure their connected world. www.TrendMicro.com.
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SOURCE Trend Micro Incorporated | https://www.wcjb.com/prnewswire/2022/07/21/over-half-global-firms-struggle-assess-cyber-risk-exposure/ | 2022-07-21T22:07:42Z | https://www.wcjb.com/prnewswire/2022/07/21/over-half-global-firms-struggle-assess-cyber-risk-exposure/ | true |
‘It’s really scary:’ UNC Charlotte students share concerns over recent homicides in University City area
Two people were killed three days apart on University City Boulevard last week
CHARLOTTE, N.C. (WBTV) - In the last ten days, two homicides struck the University City area in Charlotte.
On Wednesday, July 13, Karen Baker was robbed, shot, and killed while trying to get money out of an ATM inside a shopping center in the 9600 Block of University Boulevard.
UNC Charlotte student Seirra Holmes lives at Millenium One apartments which is less than one mile from where last Wednesday’s homicide happened.
“It’s really scary just knowing that I live in an area where stuff like that happens,” Holmes said.
Holmes was driving to work Wednesday morning when she saw investigators on the scene.
“I saw the medical examiner driving away, I saw the police out there investigating,” she said. “When did this happen? What happened? What was the extent of the scene.”
Three days later on July 16, two men were shot at this Circle K gas station, one of those men, Gary Randolph died from his injuries.
The Circle K gas station is located in the 9500 block of University City Boulevard.
UNC Charlotte student Nathaniel Haight was living at University Walk Apartments less than two miles from the July 16 shooting.
“I recently moved out and honestly thank God I moved away from all of that,” he said.
Haight says he’s staying up to date on crimes in the University area by following news and CMPD accounts on social media
“Twitter accounts that update me constantly of what’s happening with Charlotte Police, so I know where to be and where to stay safe,” he said.
As for Holmes, she’s keeping her eyes peeled and ears open for anything suspicious.
“Make sure you keep your doors locked at all times, don’t sit in your car once you get home, immediately go inside, it’s a little bit scary,” she said.
Copyright 2022 WBTV. All rights reserved. | https://www.wbtv.com/2022/07/21/its-really-scary-unc-charlotte-students-share-concerns-over-recent-homicides-university-city-area/ | 2022-07-21T22:08:50Z | https://www.wbtv.com/2022/07/21/its-really-scary-unc-charlotte-students-share-concerns-over-recent-homicides-university-city-area/ | true |
ORLANDO, WV (WBOY) — Lewis County deputies are seeking assistance from the public to identify a body found on the Braxton-Lewis county line.
On Monday, the Lewis County Sheriff’s Department received a report of a body being found in the Clover Fork Road area of Orlando near the Lewis-Braxton county line, deputies said.
After arriving on scene, deputies began an investigation and sent the body to the Medical Examiner’s Office in Charleston for an examination and possible identification, according to the sheriff’s office.
The examination revealed that the body was that of an elderly woman who is yet to be identified, and that she is believed to have died of natural causes. Examiners also believe the woman had been deceased for 3 to 4 weeks prior to being found, deputies said.
Those with information on any missing elderly females are asked to contact the Lewis County Sheriff’s Department at 304-269-8251. | https://www.wowktv.com/news/west-virginia/deputies-seeking-help-identifying-body-found-on-braxton-lewis-county-line/ | 2022-07-21T22:09:16Z | https://www.wowktv.com/news/west-virginia/deputies-seeking-help-identifying-body-found-on-braxton-lewis-county-line/ | true |
ROME — Italy’s president on Thursday accepted the resignation of Prime Minister Mario Draghi, dissolved parliament, and called for new elections, bringing to a close an exceptional period of Italian stability and influence, and opening what promised to be a chaotic political season as Europe struggles to maintain resolve in the face of Russian aggression.
Having demurred once last week, Sergio Mattarella, the country’s president, acted reluctantly following the unraveling of Draghi’s national unity government Wednesday, when populist and nationalist forces abandoned the prime minister in a confidence vote. The government set new elections for Sept. 25.
“Dissolving of the parliament is always the last choice,” Mattarella said in an evening address to the nation in which he said that he had thanked Draghi for his service but that he had decided there was “no hope for a new majority” and he needed to call early elections.
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Given the enormous challenges facing Italy — inflation, the war in Ukraine, the reforms needed to obtain European Union recovery funds, and the continued threat of the pandemic — Mattarella said he hoped that despite the coming election, parties would be able to give a “constructive contribution” on such issues, “in the superior interest of Italy.”
Mattarella had little choice this time but to accept Draghi’s resignation after the prime minister’s parliamentary debacle this week, and to call for elections he had long sought to avoid. Polls currently show that hard-right parties with histories of either intense opposition to the European Union or adoration of President Vladimir Putin of Russia are, for now, best positioned to win an election.
The downfall of Draghi alarmed many Italians and European officials, sent European markets quivering, and added yet another unpredictable element to the West’s stability and leadership, alongside the White House’s announcement Thursday that President Biden, 79, had tested positive for the coronavirus.
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Draghi, a former president of the European Central Bank who helped save the euro, had increased Italy’s international footprint and economic outlook by the sheer force of his credibility, becoming an essential part of a unified Western alliance that has stood up to Moscow for its invasion of Ukraine.
He sought to modernize the country and make Italy, a debt-laden nation for years seen as a vulnerable spot for Europe’s economic and political health, more energy-independent and a force for European unity and values.
His year and a half in power revealed the appeal of an unapologetically pro-European and competent government focused on pragmatic results. His supporters hoped that Draghi’s centrism would act as a moderating influence on the country’s populist forces, which toned down and joined his national unity government.
But his government’s abrupt collapse has once again turned Italy into a political laboratory for Europe. In April, President Emmanuel Macron won reelection, but the contest showed the hard right to be an expanding force in France. Germans last autumn voted to reward and extend the stability and centrism they had grown accustomed to under the former chancellor, Angela Merkel.
Now elections in Italy are likely to reveal just how much force the populists retain. Their rabble-rousing and demonizing style of politics had seemed to be in retreat after the pandemic and its economic fallout put a high premium on the competent governance personified by Draghi. But perhaps not.
Draghi will not disappear right away. He will stay on in a caretaker capacity until the conclusion of elections, essentially limiting his role, he said Thursday evening in a meeting with his ministers, to protecting the spending of billions of euros in transformative recovery funds from the European Union, and dealing with issues related to the war in Ukraine, inflation, and the cost of energy.
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“Now we must maintain the same determination in the activity we can carry out in the coming weeks, within the limits of the parameters that have been drawn,” Draghi said at the meeting, telling his ministers they should be proud of the work they did and that they had shown Italy had all it needed to be “strong” and “credible” in the world. He concluded by saying there would be a time for goodbyes, but “now let’s get to work.”
A major part of that work will be providing the country a smooth transition to the new elections.
The right-wing alliance hoping to win and form the next government consists of Matteo Salvini of the hard-right League party; Giorgia Meloni, who leads the Brothers of Italy, a party with neo-fascist roots; and former prime minister Silvio Berlusconi and his Forza Italia party, whose support, while having dwindled, is pivotal.
The current Italian electoral system greatly favors strong coalitions, and those three parties now appear united, while the center-left, which includes the Democratic Party, is fragmented.
“This is the real reason that Berlusconi and Salvini collapsed the government,” said Roberto D’Alimonte, a specialist in the Italian political system at Luiss Guido Carli University in Rome, who said the right would clearly win the elections unless the Draghi government’s collapse had unexpected consequences. “This is the worst moment for the center-left to go to vote. It can’t put together a competitive coalition.”
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Part of the reason it could not form a coalition, he said, is that the Five Star Movement, by setting off the government crisis last week, had made themselves poisonous in a campaign in which the left would seek to blame the right for pulling support from Draghi.
Five Star, led by Giuseppe Conte, the bitter former prime minister whom Draghi replaced last year, withheld its support in a key government vote last week in the hopes, analysts say, of reclaiming some of its old antiestablishment identity before the elections. Instead, their clumsy maneuver convinced Draghi that the cooperation necessary to run a national unity government had evaporated, and he tendered his resignation.
Mattarella at first rejected the resignation and asked Draghi to make a last-ditch effort to persuade the country’s fractious parties to stick together for the benefit of the nation.
On Wednesday, Draghi tried to do that, arguing before parliament that “the only way forward, if we want to stay together, is to rebuild from the top this pact, with courage, altruism, and credibility.” His gambit failed spectacularly, with nationalist and populist forces reuniting to fatally torpedo the government.
Advertisement | https://www.bostonglobe.com/2022/07/21/world/italys-president-accepts-draghi-resignation-calling-new-elections/ | 2022-07-21T22:09:38Z | https://www.bostonglobe.com/2022/07/21/world/italys-president-accepts-draghi-resignation-calling-new-elections/ | true |
NEW YORK, July 21, 2022 /PRNewswire/ -- Pomerantz LLP announces that a class action lawsuit has been filed against Teladoc Health, Inc. ("Teladoc" or the "Company") (NYSE: TDOC) and certain of its officers. The class action, filed in the United States District Court for the Southern District of New York, and docketed under 22-cv-04687, is on behalf of a class consisting of all persons and entities other than Defendants that purchased or otherwise acquired Teladoc securities between October 28, 2021 and April 27, 2022, both dates inclusive (the "Class Period"), seeking to recover damages caused by Defendants' violations of the federal securities laws and to pursue remedies under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 (the "Exchange Act") and Rule 10b-5 promulgated thereunder, against the Company and certain of its top officials.
If you are a shareholder who purchased or otherwise acquired Teladoc securities during the Class Period, you have until August 5, 2022 to ask the Court to appoint you as Lead Plaintiff for the class. A copy of the Complaint can be obtained at www.pomerantzlaw.com. To discuss this action, contact Robert S. Willoughby at newaction@pomlaw.com or 888.476.6529 (or 888.4-POMLAW), toll-free, Ext. 7980. Those who inquire by e-mail are encouraged to include their mailing address, telephone number, and the number of shares purchased.
Teladoc provides virtual healthcare services in the U.S. and internationally through Business-to-Business and Direct-to-Consumer ("D2C") distribution channels. The Company offers its customers various virtual products and services addressing, among other medical issues, mental health through its BetterHelp D2C product, and chronic conditions.
Teladoc touts itself as "the first and only company to provide a comprehensive and integrated whole person virtual healthcare solution that both provides and enables care for a full spectrum of clinical conditions[.]" Despite recent market concerns over new entrants to the telehealth field, such Amazon.com, Inc. and Walmart Inc., the Company has continued to assure investors of the Company's dominant market position in the industry.
In fact, as recently as February 2022, Teladoc forecasted full year ("FY") 2022 revenue of $2.55 - $2.65 billion, as well as adjusted earnings before interest, taxes, depreciation, and amortization ("EBITDA") of $330 - $355 million, on anticipated continued growth through its competitive advantages.
The complaint alleges that, throughout the Class Period, Defendants made materially false and misleading statements regarding the Company's business, operations, and prospects. Specifically, Defendants made false and/or misleading statements and/or failed to disclose that: (i) increased competition, among other factors, was negatively impacting Teladoc's BetterHelp and chronic care businesses; (ii) accordingly, the growth of those businesses was less sustainable than Defendants had led investors to believe; (iii) as a result, Teladoc's revenue and adjusted EBITDA projections for FY 2022 were unrealistic; (iv) as a result of all the foregoing, Teladoc would be forced to recognize a significant non-cash goodwill impairment charge; and (v) as a result, the Company's public statements were materially false and misleading at all relevant times.
On April 27, 2022, Teladoc announced its first quarter ("Q1") 2022 financial results, including revenue of $565.4 million, which missed consensus estimates by $3.23 million, and "[n]et loss per share of $41.58, primarily driven by [a] non-cash goodwill impairment charge of $6.6 billion or $41.11 per share[.]" Additionally, the Company revised its FY 2022 revenue guidance to $2.4 - $2.5 billion and adjusted EBITDA guidance to $240 - $265 million "to reflect dynamics we are currently experiencing in the [D2C] mental health and chronic condition markets." On a conference call with investors and analysts that day to discuss Teladoc's Q1 2022 results, Defendants largely attributed the Company's poor performance, revised FY 2022 guidance, and $6.6 billion non-cash goodwill impairment charge to increased competition in its BetterHelp and chronic care businesses.
On this news, Teladoc's stock price fell $22.48 per share, or 40.15%, to close at $33.51 per share on April 28, 2022.
Pomerantz LLP, with offices in New York, Chicago, Los Angeles, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com
CONTACT:
Robert S. Willoughby
Pomerantz LLP
rswilloughby@pomlaw.com
888-476-6529 ext. 7980
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SOURCE Pomerantz LLP | https://www.wcjb.com/prnewswire/2022/07/21/shareholder-alert-pomerantz-law-firm-reminds-shareholders-with-losses-their-investment-teladoc-health-inc-class-action-lawsuit-upcoming-deadline-tdoc/ | 2022-07-21T22:09:52Z | https://www.wcjb.com/prnewswire/2022/07/21/shareholder-alert-pomerantz-law-firm-reminds-shareholders-with-losses-their-investment-teladoc-health-inc-class-action-lawsuit-upcoming-deadline-tdoc/ | false |
SEATTLE, July 21, 2022 /PRNewswire/ -- The Washington Poison Center (WAPC) is pleased to announce the hiring of Dr. Sasha Kaiser, MD as its Associate Medical Director. In this role, Dr. Kaiser will provide medical oversight to WAPC's call center specialists in poison information, ensuring the WAPC continues its provision of high-quality poisoning treatment advice and consultations. Dr. Kaiser will also support clinical education and outreach at the local, state, and national level for healthcare providers, as well as the WAPC's toxicology training programs for emergency medicine physicians, pharmacists, nurses, and EMTs.
"The Washington Poison Center is happy to welcome Dr. Kaiser after her extensive training," comments Dr. Scott Phillips, Medical Director of the WAPC. "Dr. Kaiser's addition to the Center allows us to provide greater outreach and support to the medical community."
With this position, Dr. Kaiser is returning to her Washington roots. After growing up on Camano Island, Dr. Kaiser moved to Spokane to work as a pharmacy technician and attend nursing school. She then moved to Florida to pursue a career as a physician, attending the Florida State University College of Medicine. Dr. Kaiser completed her Emergency Medicine Residency in 2020 at Denver Health, and is board certified in Emergency Medicine. She now returns to Washington following the completion of her medical toxicology fellowship at Rocky Mountain Poison and Drug Safety. Dr. Kaiser began her role at the WAPC on July 18, 2022.
Dr. Kaiser has authored numerous manuscripts in peer-reviewed journals and has lectured on topics in medical toxicology and emergency medicine to pharmacists, medical students, residents, and hospital organizations. Her research includes acetaminophen poisoning, focusing on genetic and patient susceptibility factors. Dr. Kaiser additionally completed the American College of Medical Toxicology Fellows in Industry Rotation, which focused on product development and regulation for safety.
Meet Dr. Kaiser on August 5 at 12:00pm in a livestream on the WAPC's YouTube channel and Facebook page.
About the WAPC: The Washington Poison Center is a 501(c)3 nonprofit mandated by Washington State to deliver poison and drug exposure-related medical advice and education to community members, first responders, and healthcare providers. WAPC provides medical advice through a 24/7/365 free telephone line staffed by specially trained pharmacists, nurses, and physician medical toxicologists. WAPC also provides free programs to educate local communities on poison safety, prevention, and harm reduction.
Media contact: mryuk@wapc.org
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SOURCE Washington Poison Center | https://www.wbay.com/prnewswire/2022/07/21/dr-sasha-kaiser-hired-associate-medical-director-washington-poison-center/ | 2022-07-21T22:10:17Z | https://www.wbay.com/prnewswire/2022/07/21/dr-sasha-kaiser-hired-associate-medical-director-washington-poison-center/ | false |
"Free Yourself" is the soundtrack of the best party you'll find this summer. If you're running in the right circles, you might even spot Jessie Ware there. This track is all sequins, with an ABBA-meets-Jellybean type of sparkle to it. When you hear the pounding, rhythmic keys, you might be inspired to, perhaps, bob your head or shake a leg. But when you arrive at that scientifically precise dance breakdown in the last third of the song? That's when you're bound to boogie.
If you're wondering why "Free Yourself" sounds like pop perfection, you can at least partially credit fellow Brit Dua Lipa, who produced the track with Ware and knows a little something about making music for our pandemic nu-disco era. There's something about disco that feels primed to punctuate our present moment as we crawl in and out of quarantine, from COVID infection to re-infection. Perhaps that's because we all need dance floors – in our bedrooms or otherwise – to shake off the strictures of the world. "Free Yourself" suits these times perfectly, whether you're out and about or home in your pajamas.
Copyright 2022 NPR. To see more, visit https://www.npr.org. | https://www.iowapublicradio.org/2022-07-21/jessie-ware-free-yourself | 2022-07-21T22:10:45Z | https://www.iowapublicradio.org/2022-07-21/jessie-ware-free-yourself | false |
MINNEAPOLIS (AP) — Police released body-camera video Wednesday from a six-hour standoff that ended with officers fatally shooting a Black Minneapolis man, but the images did not show whether he was holding a gun or threatening officers.
Andrew Tekle Sundberg, 20, was shot by two police snipers early last Thursday, authorities said. His family has said he was experiencing a mental health crisis.
Mayor Jacob Frey and interim Police Chief Amelia Huffman declined to characterize the footage from officers at the scene, citing an investigation by the state Bureau of Criminal Apprehension. They took few questions from reporters at a news conference.
Police spokesman Howie Padilla said the city had not yet identified video “that shows the clearest image” of what happened, and he urged anyone who might have other videos to come forward.
The mayor and police have been under heavy pressure to speed the release of videos and other information on police shootings. Sundberg was killed just over two years after the killing of George Floyd by Officer Derek Chauvin, and a few months after the killing of Amir Locke by a Minneapolis SWAT team member just seconds after the team burst into an apartment on a no-knock search warrant.
The police videos included audio of gunshots and officers saying “shots fired,” but the recordings did not make clear whether it was Sundberg or police who fired the shots.
Huffman said she had met with Sundberg’s parents and that they had seen the videos.
The family’s attorney, Jeff Storms, said Sundberg’s parents “send their deepest sympathies to all of those impacted by Tekle’s mental health crisis.” He said they also hope any bystanders with video of the shooting will come forward.
Police went to the scene the night of July 13 after a 911 call from a neighbor of Sundberg’s who said he was firing a gun into her apartment, endangering her and her 2- and 4-year-old sons. One video from an officer in a stairwell showed officers bringing them to safety, an action that Frey and Huffman highlighted.
Officers “rescued a mother and two children who were frightened and vulnerable — all during an active shooter situation,” Frey said. Huffman said the officers “demonstrated bravery under fire, a commitment to protecting the public and a determination to use communication whenever possible.”
Police tried for hours to persuade Sundberg to surrender and brought his parents to the scene. Officers can be heard on one video, from an officer on ground level, telling him just minutes before he was shot at 4:18 a.m. that he was under arrest.
“We don’t want to hurt you, we just want to go home,” one officer said.
The video from ground level showed Sundberg leaning in and out of his third-floor window, but it did not make clear what he may have been holding, nor did it show him being shot.
A video from one of the snipers across the street did not show Sundberg at all, but one officer could be heard asking “Is that a cellphone?” before saying the word “gun.” The other officer also appeared to say “gun.” Two shots could be heard. It also appeared to show one officer pulling the trigger of his rifle.
Investigators collected a .38-caliber handgun with an extended magazine from a bed in Sundberg’s apartment, and live .45-caliber cartridges from a closet and a bowl in the living room, according to search warrant affidavits released Friday.
John Baker, a professor of criminal justice studies at St. Cloud State University who trains aspiring officers, said in an interview Tuesday that the key question to determining if the shooting was justified was whether there was an imminent threat to officers or others at the specific time they fired.
The shooting of Sundberg, who often went by his middle name of Tekle, stoked some activists’ mistrust of the Minneapolis Police Department and their perception that officers are quick to take Black lives while going to greater lengths to capture white suspects alive.
Trahern Crews, a leader of Black Lives Matter Minnesota who led a protest at the scene Saturday, said he hopes clearer video exists, since the video released Wednesday doesn’t show if Sundberg was holding a gun at the time he was shot.
“It’s hard for us to accept the police narrative. … You can hear the shooting and what happened, but you can’t actually see what happened,” Crews said. | https://www.cbs42.com/news/national/police-video-doesnt-show-if-man-held-gun-before-he-was-shot/ | 2022-07-21T22:11:24Z | https://www.cbs42.com/news/national/police-video-doesnt-show-if-man-held-gun-before-he-was-shot/ | true |
MILWAUKEE (AP) — Blame it on lingering effects of the pandemic, resentment over the lockout or economic fears.
Major League Baseball is struggling to fill the stands at pre-COVID levels as the sport heads into the last 2 1/2 months of its first season since 2019 without capacity restrictions.
MLB reached the All-Star break with an average attendance of 26,409. That represents a drop of 5.4% from the All-Star break of 2019 — which was 10 days earlier than this year.
League officials remain encouraged and point to the recovery.
“We have come back to between 94-95% of where we were prior to the pandemic,” MLB chief revenue officer Noah Garden said. “So we feel really good about the progress we have made on the attendance side rebounding strongly from a situation that threatened the very core of how we operate as an industry.”
Attendance is up over 70% from the season-ending average in 2021, when only Texas started at full capacity and all 30 teams weren't at 100% until July 2. MLB played its abbreviated 2020 regular season without spectators.
While MLB’s average attendance had fallen each year since 2015, most of the drops were by less than 2%. Average attendance was over 30,000 for 14 straight seasons from 2004-17 but hasn't reached that mark since.
“Attendance has been dropping about 1% a year — year after year — for about the last 15 years,” said Victor Matheson, a Holy Cross economics professor who specializes in sports economics. “Major League Baseball attendance peaked in 2007 and has been falling pretty consistently year after year for over a decade. What we’d just normally expect after about three years is about 3% lower attendance.”
Bob Heaning, a 48-year-old fan from Cranford, New Jersey, said he used to attend about a dozen New York Yankees games per year. He’s attended just three this season, has tickets for two more games and doesn’t plan to attend any others.
Heaning said he stopped going as often because he bought a house last year and is staying at home more often, but he also believes the high price of attending games may be keeping fans away. That could prove particularly true this year as inflation causes more people to spend more carefully.
“I think people are maybe more concerned,” Hearing said. “There’s not as much expendable income.”
Matheson said MLB relies more than other professional sports leagues on out-of-town fans. That makes MLB particularly vulnerable to issues that could curtail tourism.
“If travel's disrupted, either by expensive gas prices or expensive airline tickets or just general travel disruptions, that could make a big dent,” Matheson said.
Charles Lindsey, an associate professor of marketing at the University at Buffalo School of Management, noted that single-game ticket sales remain solid but season ticket sales have gone down. He said the NBA faced a similar problem this season.
Lindsey cited inflation as a leading cause and said the pandemic may have contributed to a lesser extent.
"But those are factors that are common across all sorts of recreational experiences,” Lindsey said. “And a lot of recreational entertainment — dining out, travel — a lot of those areas are back to pre-pandemic levels.”
Lindsey believes dissatisfaction because of the lockout may have caused some fans not to renew their season tickets. He also speculated some franchises might have reduced their staffs during the pandemic and paid for it with reduced ticket sales.
Teams have been particularly hard hit in group sales.
Rick Schlesinger, the Brewers’ president of business operations, said last month at a Milwaukee Press Club gathering that the team’s group-ticket sales normally total about 600,000 annually. Schlesinger estimated that total would be about 400,000 this season.
He noted some businesses are still working remotely and therefore are having fewer group outings, and that not as many schools as usual have made ballpark trips.
"The group business has not returned to anywhere near normal levels, frankly not surprisingly,” Schlesinger said.
Oakland's attendance has plunged nearly 55% from its 2019 All-Star break level. The Athletics dramatically cut payroll amid concerns about the franchise’s future in the Bay Area as they seek a new stadium.
Other teams whose attendance has dropped at least 15% from where they were at the 2019 break include Arizona (26.7%), Pittsburgh (20.8%), Washington (19.7%), Philadelphia (17.9%), Cincinnati (17.8%), Cleveland (16.3%), LA Angels (15.1%) and Kansas City (15.1%).
The only teams with attendance increases from their 2019 break averages are Toronto (48.5%), San Diego (29.4%), Miami (23.3%), Atlanta (19.1%), Seattle (12.7%), the Chicago White Sox (9.5%), Detroit (6.9%) and the New York Mets (4.8%).
This year's 99-day lockout wasn’t settled until March 10, resulting in a revised schedule.
“That absolutely affected the cadence of our ticket sales, both our single-game tickets and our groups,” Schlesinger said. “We were trying to sell group tickets in an environment where I couldn’t tell you exactly when our season was going to start or what our home schedule was going to look like.”
That’s one hurdle teams won’t face in the upcoming offseason, giving MLB reason for optimism.
“If you would have told me in 2020 that we would be 95% back to 2019 levels in two years, I would have taken that deal 100 out of 100 times,” Garden said.
___
AP Baseball Writer Ronald Blum contributed to this report.
___
More AP MLB: https://apnews.com/hub/mlb and https://twitter.com/AP_Sports | https://www.sfchronicle.com/sports/article/MLB-struggling-to-get-attendance-back-to-17320898.php | 2022-07-21T22:12:27Z | https://www.sfchronicle.com/sports/article/MLB-struggling-to-get-attendance-back-to-17320898.php | false |
WFO AMARILLO Warnings, Watches and Advisories for Thursday, July 21, 2022
_____
SPECIAL WEATHER STATEMENT
Special Weather Statement
National Weather Service Amarillo TX
429 PM CDT Thu Jul 21 2022
...A strong thunderstorm will impact portions of northeastern Gray
and southeastern Roberts Counties through 500 PM CDT...
At 429 PM CDT, Doppler radar was tracking a strong thunderstorm near
Codman, or 6 miles southwest of Miami, moving southeast at 10 mph.
HAZARD...Wind gusts of 50 to 55 mph and nickel size hail.
SOURCE...Radar indicated.
IMPACT...Gusty winds could knock down tree limbs and blow around
unsecured objects. Minor damage to outdoor objects is
possible.
Locations impacted include...
Miami and Codman.
PRECAUTIONARY/PREPAREDNESS ACTIONS...
If outdoors, consider seeking shelter inside a building.
Torrential rainfall is also occurring with this storm and may lead to
localized flooding. Do not drive your vehicle through flooded
roadways.
LAT...LON 3541 10074 3568 10081 3571 10064 3562 10054
3550 10054
TIME...MOT...LOC 2129Z 330DEG 8KT 3562 10070
MAX HAIL SIZE...0.88 IN
MAX WIND GUST...55 MPH
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Copyright 2022 AccuWeather | https://www.theintelligencer.com/weather/article/TX-WFO-AMARILLO-Warnings-Watches-and-Advisories-17320856.php | 2022-07-21T22:12:49Z | https://www.theintelligencer.com/weather/article/TX-WFO-AMARILLO-Warnings-Watches-and-Advisories-17320856.php | true |
Quaker Houghton Announces Second Quarter 2022 Earnings and Investor Call
Published: Jul. 21, 2022 at 4:00 PM CDT|Updated: 1 hour ago
CONSHOHOCKEN, Pa., July 21, 2022 /PRNewswire/ -- Quaker Houghton (NYSE: KWR) today announced the following schedule and contact information for its second quarter 2022 earnings release and investor call.
About Quaker Houghton
Quaker Houghton is the global leader in industrial process fluids. With a presence around the world, including operations in over 25 countries, our customers include thousands of the world's most advanced and specialized steel, aluminum, automotive, aerospace, offshore, can, mining, and metalworking companies. Our high-performing, innovative and sustainable solutions are backed by best-in-class technology, deep process knowledge and customized services. With approximately 4,700 employees, including chemists, engineers, and industry experts, we partner with our customers to improve their operations so they can run even more efficiently, even more effectively, whatever comes next. Quaker Houghton is headquartered in Conshohocken, Pennsylvania, located near Philadelphia in the United States. Visit quakerhoughton.com to learn more.
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.weau.com/prnewswire/2022/07/21/quaker-houghton-announces-second-quarter-2022-earnings-investor-call/ | 2022-07-21T22:16:07Z | https://www.weau.com/prnewswire/2022/07/21/quaker-houghton-announces-second-quarter-2022-earnings-investor-call/ | false |
Southwest Airlines to Discuss Second Quarter 2022 Financial Results on July 28, 2022
Published: Jul. 21, 2022 at 3:57 PM CDT|Updated: 1 hour ago
DALLAS, July 21, 2022 /PRNewswire/ -- Southwest Airlines Co. (NYSE: LUV) invites you to listen to a live webcast of its second quarter 2022 financial results. Details are as follows:
To access the live audio webcast and subsequent replay, click on the link above, or go to www.southwest.com and click on "Investor Relations" under the "About Southwest" menu at the bottom of the page. The audio webcast can be found under "News & Events" in the drop down menu. Registration for this event begins 20 minutes prior to the start of the call.
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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.weau.com/prnewswire/2022/07/21/southwest-airlines-discuss-second-quarter-2022-financial-results-july-28-2022/ | 2022-07-21T22:18:09Z | https://www.weau.com/prnewswire/2022/07/21/southwest-airlines-discuss-second-quarter-2022-financial-results-july-28-2022/ | true |
PHONDA KOT\nCinque Terracettes with the Sea lapping a foot way - one gets this feeling from Pudhon at times when you cross to go up to or coming up by the small lake to cross once you are close your imagination becomes ree as if to walk around one sees the ruins the castle was build about, once stood at strategic corner once it dominated on a high, cling on ledge which over looks lake surrounded now at MILONAS I - Φαι.2β'βευεξίω - - Delivery MINISTRY PAVOGADALTSA (JSC κ.α.ς PALASA MOTHERLING \"Eurofuel Kiponia S,A./ \"Oxycool Cement,srl. .) - Ασφ αλήυ ασβυ lστωσυ Postpartum Blues May Be Sign of D.O.: Experts Advise Celebst to Seek Clinician Review\nEvan Fusario February 5rd in: Depressed or Euposphrn (eu+) : : I’am also E+: And so my comment : It’is what is most likely. In this I agree (s) But let a lot of other details not forget ! Like : You also mentioned before some of her childre ▶ Watch Video: Texas governor clashes with Biden administration on immigration policies The Supreme Court on Thursday prevented the Biden administration from immediately reinstating rules that instructed U.S. deportation agents to prioritize the arrest of certain unauthorized immigrants, including those determined to pose a risk to public safety or national security. In an unsigned order, the high court rejected a request by the administration to pause a ruling by a federal judge in Texas last month that forced the administration to stop enforcing the arrest guidelines issued by Homeland Security Secretary Alejandro Mayorkas in September 2021. Justices Sonia Sotomayor, Ketanji Brown Jackson, Elena Kagan and Amy Coney Barrett would have granted the Biden administration’s request to suspend the lower court order. The court’s majority, however, decided to hear the merits of the challenge over Mayorkas’ memo, setting up oral arguments in the case, known as U.S. v. Texas, during its December session. Mayorkas’ memo directed Immigration and Customs Enforcement (ICE) agents to focus on apprehending and deporting migrants deemed to threaten national security or public safety, as well as migrants who crossed a U.S. border unlawfully after November 2020. The rules effectively exempted immigrants who have been living in the U.S. without legal permission for years from ICE arrest and deportation, as long as they did not commit serious crimes. The Biden administration has said the policy is a proper exercise of the government’s broad powers to decide which cases to prioritize, arguing the rules allow ICE to use its limited enforcement resources to arrest immigrants who pose the gravest threats to national security, public safety and border security. But Republicans lawmakers have called the rules too restrictive, saying they fail to deter illegal immigration. In lawsuits, Republican-controlled states have also argued the guidelines violate laws that govern the detention of certain unauthorized immigrants, such as those with final deportation orders. In March, Republican officials in Arizona, Ohio and Montana convinced a federal judge to partially block Mayorkas’ memo, but that ruling was later overturned by the Cincinnati-based 6th Circuit Court of Appeals. Last month, however, U.S. District Court Judge Drew Tipton declared Mayorkas’ guidelines unlawful and set them aside, granting a request by Texas and Louisiana. The administration asked the New Orleans-based 5th Circuit Court of Appeals to pause the ruling, but the appellate court denied the request. In its request to the Supreme Court earlier this month, the Justice Department said Tipton’s order contradicted the 6th Circuit Court of Appeals’ ruling. It also said Tipton’s ruling was part of a broader trend of lawsuits that “enmesh the Judiciary in policy disputes between States and the federal government that should be — and, until recently, were — resolved through the democratic process.” Since January 2021, Republican-controlled states have filed more than a dozen lawsuits targeting President Biden’s immigration and border policies. Those lawsuits have led federal judges, many of them appointed by former President Donald Trump, to block the Biden administration’s proposed 100-day deportation moratorium, halt earlier limits on ICE arrests and force U.S. border officials to continue expelling migrants under a public health authority. | https://www.wsgw.com/supreme-court-prevents-biden-from-reinstating-ice-arrest-policy/ | 2022-07-21T22:22:00Z | https://www.wsgw.com/supreme-court-prevents-biden-from-reinstating-ice-arrest-policy/ | true |
ST. PAUL, Minn. (AP) — The federal judge who sentenced Thomas Lane to 2 1/2 years in prison Thursday on a civil rights conviction in George Floyd's killing said the former Minneapolis police officer won’t have to surrender until after his sentencing in a separate state case in two months.
And legal experts said that's not unusual, even in a case as emotionally charged as Floyd's death under the knee of former Officer Derek Chauvin on May 25, 2020, which sparked protests in Minneapolis and around the world in a reckoning over racial injustice and policing. Even the federal prosecutors who handled Lane's case have said he was the least culpable of the four officers involved in Floyd's death.
U.S. District Judge Paul Magnuson ordered Lane to turn himself in Oct. 4, two weeks after he is sentenced in state court, where he pleaded guilty in May to aiding and abetting manslaughter.
Chauvin, the most senior officer at the scene, was sentenced two weeks ago to 21 years on his federal civil rights conviction, concurrent with his earlier 22 1/2-year sentence for his state conviction for second-degree murder. He’s been held in solitary confinement in the state’s maximum security prison at Oak Park Heights for his own safety since a jury found him guilty of murder last year, and will eventually be transferred to federal prison.
Several legal experts said it's not unusual that a federal judge would give a lesser defendant like Lane time to surrender, particularly when they're not considered a flight risk or a danger to the public. Most defendants who go through the federal system aren't considered or treated as violent offenders. Unless they're considered a risk, they usually remain free until they have to report to prison.
Former U.S. Attorney Thomas Heffelfinger said federal judges “more often than not” allow defendants to report only after the Bureau of Prisons has decided where they will serve.
Mark Osler, a professor at the University of St. Thomas School of Law and former federal prosecutor, said Lane was the most likely of the four officers to be allowed to report to prison later.
“He was charged differently, with a less serious crime, the failure to render medical aid," Osler said. “And a judge is likely to take that into account.”
Magnuson probably has made similar decisions many times before, Osler said, especially when the sentences are short.
It's a misnomer to say that Floyd's death wasn't a violent offense, but the specific charge that Lane was convicted of — depriving Floyd of his right to medical care — is legally more comparable to a white collar crime, said Mike Brandt, a local defense attorney who has been following the case.
While a lot of people might be unhappy with Lane's sentence, Brandt said, the actual offense was "more of an act of omission than doing something affirmatively.” And he added that Magnuson — Minnesota's longest-serving federal judge — has been around long enough that he wasn't going to be swayed by the high emotions surrounding the case.
Magnuson recommended that Lane, who held Floyd’s feet but also expressed concern for his condition, should serve his sentence at the federal prison camp in Duluth, a minimum-security facility about 2 1/2 hours north of Minneapolis, which houses mostly nonviolent white collar offenders. The facility has no fence and has dormitory-style housing rather than cells.
But it’ll be up to the federal Bureau of Prisons to decide where Lane should do his time.
___
Find AP’s full coverage of the killing of George Floyd at: https://apnews.com/hub/death-of-george-floyd | https://www.seattlepi.com/news/article/EXPLAINER-Not-unusual-for-ex-cop-to-report-later-17320925.php | 2022-07-21T22:24:17Z | https://www.seattlepi.com/news/article/EXPLAINER-Not-unusual-for-ex-cop-to-report-later-17320925.php | false |
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