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SANTA ROSA, Calif. (KRON) — A man was arrested after police found methamphetamine in his vehicle and residence, according to a press release Wednesday from the Santa Rosa Police Department (SRPD).
Earlier this month, detectives with SRPD’s Narcotics Team opened an investigation into narcotics trafficking with a Sonoma County resident. Some time into the investigation police learned that Francisco Sandoval-Garcia, 32, of Santa Rosa, was allegedly selling large amounts of meth in Santa Rosa.
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On Tuesday, July 26 at 5:00 p.m., detectives with the SRPD Narcotics Team detained Sandoval-Garcia after a traffic stop near Mission Boulevard and Highway 12. He was allegedly found to be in possession of over a quarter of a pound of meth, according to police.
After completing the traffic stop, police also served a search warrant at Sandoval-Garcia’s residence on Montecito Boulevard. SRPD detectives made contact with Sandoval-Garcia’s girlfriend and three children, one of which was an infant. Officers searched the residence and found approximately three pounds of meth located in an attached patio.
The attached patio was accessible to the children and was reportedly an area where the children played with their toys. Police say they also found packaging material, cell phones, a scale, and cash. This indicated to officers that drug sales were happening in the residence. Sandoval-Garcia was booked into the Sonoma Jail for narcotics trafficking of methamphetamine and felony child endangerment. | https://www.kron4.com/news/police-find-meth-in-kids-play-area-in-santa-rosa-home/ | 2022-07-27T21:43:25Z | https://www.kron4.com/news/police-find-meth-in-kids-play-area-in-santa-rosa-home/ | true |
By ALEX VEIGA
AP Business Writer
Stocks are solidly higher in midday trading Wednesday after strong earnings from Google’s owner Alphabet and Microsoft lifted investors’ mood. Wall Street is also waiting to hear from the Federal Reserve, which will likely raise interest rates at the end of its two-day meeting.
The S&P 500 index was up 1.5% as of 12:11 p.m. Eastern. The gains more than made up for the benchmark index’s losses from a day earlier. The Dow Jones Industrial Average was up 0.4% and the technology-heavy Nasdaq Composite was up 2.6%.
Smaller company stocks also gained ground, lifting the Russell 2000 1%.
Shares of technology heavyweights Microsoft and Google parent Alphabet rose 5.1% and 7.1%, respectively, after their latest quarterly reports. Boeing shares slipped 0.1% despite the aerospace company reporting it delivered more planes in the first quarter than it has since the start of the pandemic.
The Fed on Wednesday is expected to announce an increase of up to three-quarters of a percentage point in its benchmark interest rate, triple the usual size. Investors worry such aggressive action by the Fed and other central banks in Europe and Asia to control soaring inflation might derail global economic growth.
Stocks have been choppy this week following solid gains last week that were mainly fueled by better-than-expected reports on corporate profits.
Inflation remains at the forefront of investors’ minds, however. Markets were spooked Monday after retail giant Walmart warned that its profits are being hurt by rising prices for food and gas, which are forcing shoppers to cut back on more profitable discretionary items such as clothing.
The retailer’s profit warning in the middle of the quarter was rare and raised worries about how the highest inflation in 40 years is affecting the entire retail sector.
Technology and communication services stocks accounted for a big share of the S&P 500’s gains. Nvidia rose 4.7% and Netflix added 3.3%.
Retailers, restaurant chains and other companies that rely on direct consumer spending also helped lift the market. Chipotle Mexican Grill jumped 15.9% after the restaurant chain reported second-quarter earnings that beat analysts’ forecasts.
Spotify Technology vaulted 14.4% after the music streaming service reported monthly active user and premium subscriber numbers that exceeded the Street’s expectations.
Investors will get quarterly results from Ford Motor Co. as well as Facebook’s parent company Meta Platforms after the closing bell.
Bond yields were mixed. The two-year Treasury yield, which tends to move with expectations for the Fed, rose to 3.09% from 3.06% late Tuesday. The 10-year yield, which influences mortgage rates, fell to 2.78% from 2.79%.
Copyright 2022 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed without permission. | https://wtmj.com/national/2022/07/27/alphabet-microsoft-boost-us-stocks-as-market-waits-on-fed-5/ | 2022-07-27T21:46:13Z | https://wtmj.com/national/2022/07/27/alphabet-microsoft-boost-us-stocks-as-market-waits-on-fed-5/ | true |
PORTLAND, Ore. (AP) _ Columbia Sportswear Co. (COLM) on Wednesday reported second-quarter profit of $7.2 million.
The Portland, Oregon-based company said it had profit of 11 cents per share.
The results exceeded Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 4 cents per share.
The maker of outdoor gear posted revenue of $578.1 million in the period, which missed Street forecasts. Three analysts surveyed by Zacks expected $592 million.
Columbia Sportswear expects full-year earnings in the range of $5 to $5.40 per share, with revenue in the range of $3.44 billion to $3.5 billion.
_____
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on COLM at https://www.zacks.com/ap/COLM | https://www.sfchronicle.com/business/article/Columbia-Sportswear-Q2-Earnings-Snapshot-17333155.php | 2022-07-27T21:47:37Z | https://www.sfchronicle.com/business/article/Columbia-Sportswear-Q2-Earnings-Snapshot-17333155.php | true |
HONG KONG and WASHINGTON, July 27, 2022 /PRNewswire/ -- Duddell Street Acquisition Corp. (Nasdaq: DSAC) ("Duddell Street"), a publicly-traded special purpose acquisition company, announced today that its shareholders of record as of June 23, 2022, have voted to approve the previously proposed business combination (the "Business Combination") with FiscalNote Holdings, Inc. (the "Company") at Duddell Street's extraordinary general meeting of shareholders (the "Special Meeting") held earlier today.
92.5% of the votes cast at the Special Meeting were in favor of the approval of the Business Combination, and the other proposals presented at the Special Meeting were also approved by the Duddell Street shareholders. The formal results of the vote will be included in a Current Report on Form 8-K to be filed with the U.S. Securities and Exchange Commission ("SEC") by Duddell Street.
As a result of the Business Combination, at closing, FiscalNote will combine with Duddell Street and the combined company's name will be "FiscalNote Holdings, Inc.". Following the closing, which is expected to take place Friday, July 29, 2022, the combined company's Class A common stock and warrants are expected to begin trading on the New York Stock Exchange under the ticker symbols "NOTE" and "NOTE WS", respectively, on Monday, August 1, 2022.
FiscalNote is a leading technology provider of global policy and market intelligence. By uniquely combining AI technology, actionable data, and expert and peer insights, FiscalNote empowers customers to manage policy, address regulatory developments, and mitigate global risk. Since 2013, FiscalNote has pioneered technology that delivers mission-critical insights and the tools to turn them into action. Home to CQ, Equilibrium, FrontierView, Oxford Analytica, VoterVoice, and many other industry-leading brands, FiscalNote serves more than 5,000 customers worldwide with global offices in North America, Europe, Asia, and Australia. To learn more about FiscalNote and its family of brands, visit FiscalNote.com and follow @FiscalNote.
Duddell Street Acquisition Corp. was formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. Duddell Street is sponsored by Hong Kong-based hedge fund Maso Capital. Since inception, Maso Capital has invested in more than one thousand companies and situations across multiple sectors and geographies. Leveraging its stature and reputation in Hong Kong and its experienced investment team, Maso Capital has had investments in a number of TMT, healthcare, fintech and consumer companies in the region. For more information, please visit DSAC.co.
This communication contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements may include, but are not limited to, statements about future financial and operating results, plans, objectives, expectations and intentions with respect to future operations, products and services; and other statements identified by words such as "will," "are expected to," "is anticipated," "estimated," "believe," "intend," "plan," "projection," "pro forma," "outlook" or words of similar meaning. These forward-looking statements include, but are not limited to, statements regarding FiscalNote's industry and market sizes, future opportunities for FiscalNote and Duddell Street, FiscalNote's estimated future results and the proposed business combination between Duddell Street and FiscalNote, including pro forma market capitalization, pro forma revenue, the expected transaction and ownership structure and the likelihood, timing and ability of the parties to successfully consummate the proposed transaction. Such forward-looking statements are based upon the current beliefs and expectations of Duddell Street's and FiscalNote's managements and are inherently subject to significant business, economic and competitive uncertainties and contingencies, many of which are difficult to predict and generally beyond Duddell Street's or FiscalNote's control. Actual results and the timing of events may differ materially from the results anticipated in these forward-looking statements. Except as required by law, Duddell Street and FiscalNote do not undertake any obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise.
Media Contact
Nicholas Graham
FiscalNote
press@fiscalnote.com
Investors
ICR, Inc. for FiscalNote
Sean Hannan
IR@fiscalnote.com
Duddell Street Acquisition Corp.
Sam Joshi
IR@masocapital.com
In connection with the Business Combination, Duddell Street has filed relevant materials with the SEC, including a registration statement on Form S-4, which includes a proxy statement/prospectus of Duddell Street, which was declared effective by the SEC on July 1, 2022, and will file other documents regarding the Business Combination with the SEC. Duddell Street's shareholders and other interested persons are advised to read the definitive proxy statement and documents incorporated by reference therein filed in connection with the Business Combination, as these materials contain important information about FiscalNote, Duddell Street and the Business Combination. The documents filed by Duddell Street with the SEC may be obtained free of charge at the SEC's website at www.sec.gov.
This communication does not constitute an offer to sell or the solicitation of an offer to buy any securities, or a solicitation of any vote or approval, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.
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SOURCE FiscalNote | https://www.wsaz.com/prnewswire/2022/07/27/duddell-street-acquisition-corp-shareholders-approve-business-combination-with-fiscalnote-holdings-inc/ | 2022-07-27T21:47:50Z | https://www.wsaz.com/prnewswire/2022/07/27/duddell-street-acquisition-corp-shareholders-approve-business-combination-with-fiscalnote-holdings-inc/ | true |
U.S. House Speaker Nancy Pelosi is reportedly planning a visit to Japan in August, according to diplomatic sources, Japan's Kyodo News agency reported.
As Financial Times reported earlier this month, the trip could include a possible visit to Taiwan, which has prompted an angry response from the Chinese government. If carried out it would be the first time in 25 years a sitting U.S. House speaker has visited the country.
The Biden administration has focused on strengthening ties with Taiwan and Japan in recent months. During her stay in Japan, Pelosi is expected to meet with Japanese Prime Minister Fumio Kishida along with Japan's House of Representatives Speaker Hiroyuki Hosoda, according to Kyodo News.
Pelosi was set to travel to Asia in April but postponed that trip after testing positive for COVID-19. That trip included plans to visit Taiwan. | https://www.abcactionnews.com/news/national/report-pelosi-plans-visit-to-japan-possible-stop-in-taiwan-prompts-chinese-government-outrage | 2022-07-27T21:49:05Z | https://www.abcactionnews.com/news/national/report-pelosi-plans-visit-to-japan-possible-stop-in-taiwan-prompts-chinese-government-outrage | true |
Police accused of arresting man they did not want to run for office, prosecutor says
FRANKLIN COUNTY, Ind. (WXIX) - A police department in Indiana is being investigated after allegations surfaced of officers targeting a man and arresting him for rape because they did not want him in an elected position.
The man is not being named by WXIX because he is not facing any charges.
The officers under investigation are members of the Brookville Police Department.
Franklin County Prosecutor Chris Huerkamp announced Tuesday he had dismissed the charges, adding he’s disturbed at the conduct of the investigation and arrest. Huerkamp has requested that Indiana State Police investigate.
Court documents claim the man wanted to run for Brookville Town Board but was known to police for being anti-law enforcement.
Judson McMillin is the man’s attorney.
“Keep in mind that the board is the boss of the law enforcement,” he said.
McMillin said the officers claimed they smelled marijuana on the man and his friend.
“And they then got a search warrant, went into the house and arrested both individuals for possession of marijuana and some other things,” McMillin said. “And then (they) also arrested the individual who was running for the town board for the old rape charge. So, there’s a lot of problems with it.”
Huerkamp said the rape allegation has not resulted in the filing of formal charges.
“They were going to arrest an individual who was running for the town board on these 9-month-old allegations that they already knew were not going to be filed as a criminal charge,” McMillin said.
Court documents claim a witness, later identified as Aleese Whitamore, came forward saying the officers encouraged her to run against the man.
“It just makes me uncomfortable knowing that you’re trying to ruin someone’s life basically, over your small town politics,” she said.
Whitamore recalled being approached about running for town board.
“He says, ‘Yeah, he’s trying to take the spot on the board, and we don’t want him on the town board,’” she said. “I was like, ‘Why is that?’ He said, ‘Well, he hates cops.’”
However, Whitamore said she never wanted to be involved with the board.
“Small town politics is too much for me,” she said. “So, I just stay out of it.”
Whitamore’s testimony helped clear the man.
McMillin said while he appreciates local law enforcement, he’s disappointed in what happened to his client.
“Any time you start mixing police power with political preferences you got major problems, and that’s what we had here,” McMillin said.
WXIX reached out to the Brookville Police Department and the town board president to see if the officers involved are being reprimanded but have not yet heard back.
Copyright 2022 WXIX via Gray Media Group, Inc. All rights reserved. | https://www.kswo.com/2022/07/27/police-accused-arresting-man-they-did-not-want-run-office-prosecutor-says/ | 2022-07-27T21:49:38Z | https://www.kswo.com/2022/07/27/police-accused-arresting-man-they-did-not-want-run-office-prosecutor-says/ | true |
BLOOMFIELD, Conn., July 27, 2022 /PRNewswire/ -- The Board of Directors of Cigna Corporation (NYSE: CI) today declared a cash dividend of $1.12 per share of Cigna common stock, payable on September 22, 2022 to shareholders of record as of the close of business on September 7, 2022.
Cigna Corporation is a global health services company dedicated to improving the health, well-being and peace of mind of those we serve. Cigna delivers choice, predictability, affordability and access to quality care through integrated capabilities and connected, personalized solutions that advance whole person health. All products and services are provided exclusively by or through operating subsidiaries of Cigna Corporation, including Cigna Health and Life Insurance Company, Connecticut General Life Insurance Company, Evernorth companies or their affiliates and Express Scripts companies or their affiliates. Such products and services include an integrated suite of health services, such as medical, dental, behavioral health, pharmacy, vision, supplemental benefits and other related products.
Cigna maintains sales capability in over 30 countries and jurisdictions, and has over 190 million customer relationships around the world. To learn more about Cigna®, including links to follow us on Facebook or Twitter, visit www.cigna.com.
Media Contact
Justine Sessions
1 (860) 810-6523
Justine.Sessions@cigna.com
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SOURCE Cigna | https://www.weau.com/prnewswire/2022/07/27/cigna-declares-quarterly-dividend/ | 2022-07-27T21:49:48Z | https://www.weau.com/prnewswire/2022/07/27/cigna-declares-quarterly-dividend/ | true |
SEGUIN, Texas, July 27, 2022 /PRNewswire/ -- Alamo Group Inc. (NYSE: ALG) today announced that it will release financial results for the second quarter 2022 after the market closes on Wednesday, August 3, 2022. The Company will host a conference call to discuss the results on Thursday, August 4, 2022 at 1:30 p.m. ET. Hosting the call will be members of senior management.
Individuals wishing to participate in the conference call should dial 888-394-8218 (domestic) or 323-794-2588 (international). For interested individuals unable to join the call, a replay will be available until Thursday, August 11, 2022, by dialing 888-203-1112 (domestic) or 719-457-0820 (internationally), passcode 4806226.
The live broadcast of Alamo Group Inc.'s quarterly conference call will be available online at the Company's website, www.alamo-group.com (under "Investor Relations/Events & and Presentations") on Thursday, August 4, 2022, beginning at 1:30 p.m. ET. The online replay will follow shortly after the call ends and will be archived on the Company's website for 60 days.
Alamo Group is a leader in the design, manufacture, distribution and service of high quality equipment for vegetation management, infrastructure maintenance and other applications. Our products include truck and tractor mounted mowing and other vegetation maintenance equipment, street sweepers, snow removal equipment, excavators, vacuum trucks, other industrial equipment, agricultural implements, forestry equipment and related after-market parts and services. The Company, founded in 1969, has approximately 4,300 employees and operates 29 plants in North America, Europe, Australia and Brazil as of March 31, 2022. The corporate offices of Alamo Group Inc. are located in Seguin, Texas.
This release contains forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties, which may cause the Company's actual results in future periods to differ materially from forecasted results. Among those factors which could cause actual results to differ materially are the following: overall market demand, continuing impacts from the COVID-19 pandemic including more significant supply chain disruptions, reductions in customer demand, sales and profitability declines, operational disruptions, full or partial facility closures, and other similar impacts, geopolitical risks, including effects of the war in Ukraine, inflation, competition, weather, seasonality, currency-related issues, and other risk factors listed from time to time in the Company's SEC reports. The Company does not undertake any obligation to update the information contained herein, which speaks only as of this date.
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SOURCE Alamo Group Inc. | https://www.kait8.com/prnewswire/2022/07/27/alamo-group-inc-announces-second-quarter-2022-earnings-conference-call/ | 2022-07-27T21:51:22Z | https://www.kait8.com/prnewswire/2022/07/27/alamo-group-inc-announces-second-quarter-2022-earnings-conference-call/ | false |
WASHINGTON — Spirit Airlines and Frontier Airlines agreed Wednesday to abandon their merger proposal, opening the way for JetBlue Airways to acquire Spirit.
Spirit, the largest budget carrier in the United States, said it was still in discussions with JetBlue “and expects to provide a further update in the near future.”
The decision by Spirit and Frontier to terminate their deal was announced while Spirit shareholders were still voting on the proposal. It was apparent that despite the support of Spirit's board, shareholders were prepared to reject the Frontier deal.
The Frontier offer was worth more than $2.6 billion in cash and stock, far short of JetBlue's all-cash bid of $3.7 billion.
A combination of Spirit with either Frontier or JetBlue would create the nation’s fifth-largest airline, although it would be still quite a bit smaller than American, United, Delta and Southwest.
Competing with JetBlue's richer cash offer, the Spirit board and Frontier argue that antitrust regulators will block JetBlue from buying Spirit, making the JetBlue bid an illusory one. JetBlue, of course, disagrees.
The Biden administration was always likely to take a close look at either deal. The president and his top antitrust official in the Justice Department have both indicated a dislike for corporate mergers.
Some analysts said that the small size of Frontier and Spirit would have earned them a pass from antitrust regulators in previous administrations, but not any more. Still, the JetBlue deal did appear more problematic, in part because the Justice Department was already suing to break up a regional partnership in the Northeast between JetBlue and American Airlines.
Frontier and Spirit announced their deal on Feb. 7, saying they would create a huge discount airline that would save consumers $1 billion a year in airfares by creating a powerful new competitor to American, United, Delta and Southwest.
The proposal would have brought together two very similar airlines — both tempt travelers with rock-bottom fares but tack on fees for some things that bigger carriers include with most tickets, from soft drinks to room for a bag in the overhead bin.
They even share financial roots: Bill Franke's Indigo Partners private equity firm invested in Spirit before taking an 82% stake in Frontier and investing in budget carriers in Mexico, Chile and Hungary.
Frontier and Spirit said that together they would have enough planes to fly many new routes that aren’t yet served by a discount airline, and they would create 10,000 new jobs by 2026 in the process.
A merger would also address one of the biggest complaints consumers have about Frontier and Spirit: They are so small, with such limited schedules, that when they cancel a flight, it can take days to find seats for all the passengers on later flights.
JetBlue CEO Robin Hayes decided that he could not sit back and watch Frontier and Spirit become bigger than his airline. On April 5, JetBlue started a bidding war by announcing its own plan to take over Spirit.
JetBlue figured that buying Spirit was the best way it could quickly add planes and pilots and break out of the second tier of U.S. airlines. JetBlue argued that it would help consumers too, by driving down fares more effectively than Frontier and Spirit.
New York-based JetBlue mounted a furious campaign to convince Spirit shareholders to reject the Frontier offer. It worked — forcing Spirit’s board to postpone a vote on the Frontier proposal four times. In July, Frontier CEO Barry Biffle admitted his side was losing badly.
Both Frontier and JetBlue raised their bids, including and increasing break-up fees for Spirit shareholders.
At the end, Frontier offered $4.13 in cash plus 1.9126 shares of its stock for each share of Spirit. That was worth about $2.65 billion at Frontier's closing price on Tuesday, and Spirit shareholders would own 48.5% of the combined company.
JetBlue's bid was more straightforward — $33.50 per share, plus a ticking fee to cover any delay in regulatory review, which would push the value of the offer to $3.7 billion, all in cash.
JetBlue investors seem unimpressed with the airline's pursuit of Spirit. Since JetBlue entered the bidding, its shares have fallen 45%, more than other U.S. airline except regional carrier Mesa.
Once Spirit's fate is settled, analysts believe that more mergers are possible among the smaller airlines — but not likely any deals involving American, United, Delta or Southwest, because of antitrust issues.
JetBlue and Alaska Airlines fought a bidding war over Virgin America in 2016, which Seattle-based Alaska won. Alaska's strength on the West Coast and JetBlue's network on the East Coast and the Caribbean have long made them the subject of merger speculation. | https://www.wbir.com/article/news/nation-world/spirit-ends-merger-bid-with-frontier/507-6655e15e-af92-4030-abd1-c36614a7b3c0 | 2022-07-27T21:51:35Z | https://www.wbir.com/article/news/nation-world/spirit-ends-merger-bid-with-frontier/507-6655e15e-af92-4030-abd1-c36614a7b3c0 | true |
MCKINNEY, Texas, July 27, 2022 /PRNewswire/ -- Globe Life Inc. (NYSE: GL) reported today that for the quarter ended June 30, 2022, net income was $1.79 per diluted common share, compared with $1.92 per diluted common share for the year-ago quarter. Net operating income for the quarter was $2.07 per diluted common share, compared with $1.85 per diluted common share for the year-ago quarter.
HIGHLIGHTS:
- Net income as an ROE was 9.8% for the six months ended June 30, 2022. Net operating income as an ROE excluding net unrealized gains or losses on fixed maturities was 12.6% for the same period.
- Life premiums increased 8% at the American Income Life Division and 5% at the Liberty National Division over the year-ago quarter.
- Total health premiums increased over the year-ago quarter by 8%.
- Life net sales increased 16% at the American Income Life Division and 7% at the Liberty National Division over the year-ago quarter.
- 1.4 million shares of Globe Life Inc. common stock were repurchased during the quarter.
COVID-19 Update: COVID life claims expense for the quarter ended June 30, 2022 was not significant. Year to date through June 30, we incurred $45 million of COVID life claims. For the full year, we expect to incur approximately $62 million of COVID life claims at the mid-point of our guidance, based on a range of $2.4 million to $2.6 million of COVID life claims per 10,000 U.S. deaths and total U.S. COVID deaths of 215,000 to 275,000.
Note: As used in the earnings release, "Globe Life," the "Company," "we," "our," and "us" refer to Globe Life Inc., a Delaware corporation incorporated in 1979, its subsidiaries and affiliates.
GLOBE LIFE INC.
Earnings Release—Q2 2022
(Dollar amounts in thousands, except share and per share data)
(Unaudited)
RESULTS OF OPERATIONS
Net operating income, a non-GAAP(1) financial measure, has been used consistently by Globe Life's management for many years to evaluate the operating performance of the Company, and is a measure commonly used in the life insurance industry. It differs from net income primarily because it excludes certain non-operating items such as realized investment gains and losses and certain significant and unusual items included in net income. Management believes an analysis of net operating income is important in understanding the profitability and operating trends of the Company's business. Net income is the most directly comparable GAAP measure.
The following table represents Globe Life's operating summary for the three months ended June 30, 2022 and 2021:
GLOBE LIFE INC.
Earnings Release—Q2 2022
(Dollar amounts in thousands, except share and per share data)
(Unaudited)
MANAGEMENT VS. GAAP MEASURES
Shareholders' equity, excluding net unrealized gains or losses on fixed maturities, and book value per share, excluding net unrealized gains or losses on fixed maturities, are non-GAAP measures that are utilized by management to view the business without the effect of unrealized gains or losses which are primarily attributable to fluctuation in interest rates associated with the available-for-sale portfolio. Management views the business in this manner because the Company does not intend to sell, nor is it likely that management will be required to sell, the fixed maturities prior to their maturity. It also creates more meaningful and easily identifiable trends, as we exclude fluctuations resulting from changes in interest rates. Shareholders' equity and book value per share are the most directly comparable GAAP measures.
INSURANCE OPERATIONS—comparing Q2 2022 with Q2 2021:
Life insurance accounted for 71% of the Company's insurance underwriting margin for the quarter and 70% of total premium revenue.
Health insurance accounted for 29% of the Company's insurance underwriting margin for the quarter and 30% of total premium revenue.
Net sales of life insurance increased 2% for the quarter and net health sales increased 3%.
The following table summarizes Globe Life's premium revenue by product type for the three months ended June 30, 2022 and 2021:
GLOBE LIFE INC.
Earnings Release—Q2 2022
(Dollar amounts in thousands, except share and per share data)
(Unaudited)
INSURANCE UNDERWRITING INCOME
Insurance underwriting margin is management's measure of profitability of the Company's life, health, and annuity segments' underwriting performance, and consists of premiums less policy obligations, commissions and other acquisition expenses. Insurance underwriting income is the sum of the insurance underwriting margins of the life, health, and annuity segments, plus other income, less insurance administrative expenses. It excludes the investment segment, Parent Company expense, stock compensation expense and income taxes. Management believes this information helps provide a better understanding of the business and a more meaningful analysis of underwriting results by distribution channel. Insurance underwriting income, a non-GAAP measure, is a component of net operating income, which is reconciled to net income in the Results of Operations section above.
The following table summarizes Globe Life's insurance underwriting income by segment for the three months ended June 30, 2022 and 2021:
The ratio of administrative expenses to premium was 6.8%, compared with 6.6% for the year-ago quarter.
GLOBE LIFE INC.
Earnings Release—Q2 2022
(Dollar amounts in thousands, except share and per share data)
(Unaudited)
LIFE INSURANCE RESULTS BY DISTRIBUTION CHANNEL
Our distribution channels consist of the following exclusive agencies: American Income Life Division (American Income), Liberty National Division (Liberty National) and Family Heritage Division (Family Heritage); an independent agency, United American Division (United American); and our Direct to Consumer Division.
Total premium, underwriting margins, first-year collected premium and net sales by all distribution channels are shown at https://investors.globelifeinsurance.com at "Financial Reports and Other Financial Information."
GLOBE LIFE INC.
Earnings Release—Q2 2022
(Dollar amounts in thousands, except share and per share data)
(Unaudited)
HEALTH INSURANCE RESULTS BY DISTRIBUTION CHANNEL
GLOBE LIFE INC.
Earnings Release—Q2 2022
(Dollar amounts in thousands, except share and per share data)
(Unaudited)
PRODUCING EXCLUSIVE AGENT COUNT RESULTS BY DISTRIBUTION CHANNEL
INVESTMENTS
Management uses excess investment income as the measure to evaluate the performance of the investment segment. It is defined as net investment income less both the required interest attributable to net policy liabilities and the interest on debt. We also view excess investment income per diluted common share as an important and useful measure to evaluate performance of the investment segment, since it takes into consideration our stock repurchase program.
The following table summarizes Globe Life's investment income, excess investment income, and excess investment income per diluted common share.
Net investment income increased 2.2%, and average invested assets increased 4.1%. Required interest on net policy liabilities increased 5.0%, and average net policy liabilities increased 4.0%. The weighted average discount rate for the net policy liabilities was 5.8% and was in line with the year-ago quarter.
GLOBE LIFE INC.
Earnings Release—Q2 2022
(Dollar amounts in thousands, except share and per share data)
(Unaudited)
The composition of the investment portfolio at book value at June 30, 2022 is as follows:
Fixed maturities at amortized cost, net of allowance for credit losses, by asset class as of June 30, 2022 are as follows:
Below are fixed maturities available for sale by amortized cost, allowance for credit losses, and fair value at June 30, 2022 and the corresponding amounts of net unrealized gains or losses recognized in accumulated other comprehensive income (loss).
At amortized cost, net of allowance for credit losses, 97% of fixed maturities (97% at fair value) were rated "investment grade." The fixed maturity portfolio earned an annual taxable equivalent effective yield of 5.16% during the second quarter of 2022, compared with 5.24% in the year-ago quarter.
Globe Life is not a party to any credit default swaps and does not participate in securities lending.
GLOBE LIFE INC.
Earnings Release—Q2 2022
(Dollar amounts in thousands, except share and per share data)
(Unaudited)
Comparable information for acquisitions of fixed maturity investments is as follows:
SHARE REPURCHASE:
During the quarter, the Company repurchased 1.4 million shares of Globe Life Inc. common stock at a total cost of $134 million and an average share price of $96.64.
LIQUIDITY/CAPITAL:
Globe Life's operations consist primarily of writing basic protection life and supplemental health insurance policies which generate strong and stable cash flows. These cash flows are not impacted by volatile equity markets. During the second quarter, the Company issued $400 million of 4.800% Senior Notes due 2032. Proceeds from the issuance will be used to fund $300 million of 3.800% Senior Notes maturing in September of 2022, with the remaining net proceeds to be used for general corporate purposes. Refer to recent SEC filings for further information. Liquidity at the Parent Company is sufficient to meet additional capital needs of the insurance companies.
EARNINGS GUIDANCE FOR THE YEAR ENDING DECEMBER 31, 2022:
Globe Life projects that net operating income per share will be in the range of $7.90 to $8.30 for the year ending December 31, 2022.
NON-GAAP MEASURES:
In this news release, Globe Life includes non-GAAP measures to enhance investors' understanding of management's view of the business. The non-GAAP measures are not a substitute for GAAP, but rather a supplement to increase transparency by providing broader perspective. Globe Life's definitions of non-GAAP measures may differ from other companies' definitions. More detailed financial information, including various GAAP and non-GAAP measurements, is located at https://investors.globelifeinsurance.com on the Investors page under "Financial Reports and Other Financial Information."
CAUTION REGARDING FORWARD-LOOKING STATEMENTS:
This press release may contain forward-looking statements within the meaning of the federal securities laws, including statements related to the expected impact of the COVID-19 outbreak on our business operations, financial results and financial condition. These prospective statements reflect management's current expectations, but are not guarantees of future performance. Whether or not actual results differ materially from forward-looking statements may depend on numerous foreseeable and unforeseeable events or developments, which may be national in scope, related to the insurance industry generally, or applicable to the Company specifically. Such events or developments could include, but are not necessarily limited to:
1) Economic and other conditions, including the COVID-19 pandemic and its impact on the U.S. economy, leading to unexpected changes in lapse rates and/or sales of our policies, as well as levels of mortality, morbidity, and utilization of health care services that differ from Globe Life's assumptions;
2) Regulatory developments, including changes in accounting standards or governmental regulations (particularly those impacting taxes and changes to the Federal Medicare program that would affect Medicare Supplement);
3) Market trends in the senior-aged health care industry that provide alternatives to traditional Medicare (such as Health Maintenance Organizations and other managed care or private plans) and that could affect the sales of traditional Medicare Supplement insurance;
4) Interest rate changes that affect product sales and/or investment portfolio yield;
5) General economic, industry sector or individual debt issuers' financial conditions (including developments and volatility arising from the COVID-19 pandemic, particularly in certain industries that may comprise part of our investment portfolio) that may affect the current market value of securities we own, or that may impair an issuer's ability to make principal and/or interest payments due on those securities;
6) Changes in pricing competition;
7) Litigation results;
8) Levels of administrative and operational efficiencies that differ from our assumptions (including any reduction in efficiencies resulting from increased costs arising from operating during the COVID-19 pandemic);
9) The ability to obtain timely and appropriate premium rate increases for health insurance policies from our regulators;
10) The customer response to new products and marketing initiatives;
11) Reported amounts in the consolidated financial statements which are based on management estimates and judgments which may differ from the actual amounts ultimately realized;
12) Compromise by a malicious actor or other event that causes a loss of secure data from, or inaccessibility to, our computer and other information technology systems;
13) The severity, magnitude and impact of the COVID-19 pandemic, including effects of the pandemic and the effects of the U.S. government's and other businesses' response to the pandemic, on our operations and personnel, and on commercial activity and demand for our products; and
14) Globe Life's ability to access the commercial paper and debt markets, particularly if such markets become unpredictable or unstable for a certain period as a result of the COVID-19 pandemic.
Readers are also directed to consider other risks and uncertainties described in other documents on file with the Securities and Exchange Commission. Globe Life specifically disclaims any obligation to update or revise any forward-looking statement because of new information, future developments or otherwise.
EARNINGS RELEASE CONFERENCE CALL WEBCAST:
Globe Life will provide a live audio webcast of its second quarter 2022 earnings release conference call with financial analysts at 12:00 pm (Eastern) tomorrow, July 28, 2022. Access to the live webcast and replay will be available at https://investors.globelifeinsurance.com on the Calls and Meetings page, at the Conference Calls on the Web icon. Immediately following this press release, supplemental financial reports will be available before the conference call on the Investors page menu of the Globe Life website at "Financial Reports."
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Second Quarter 2022 Highlights:
- Revenue of $542 million, representing a 14 percent increase year over year
- Earnings per share of $1.04, or $1.13 as adjusted
- Total backlog of $1.1 billion increased 25 percent year over year
Bevcorp Highlights
- Bevcorp is a leading provider of beverage processing and packaging solutions
- Purchase price of $290 million before tax benefit of approximately $35 million
- Full year 2022 expected revenue and EBITDA of approximately $85 million and $20 million, respectively
CHICAGO, July 27, 2022 /PRNewswire/ -- JBT Corporation (NYSE: JBT), a leading global technology solutions provider to high-value segments of the food & beverage industry, today reported results for the second quarter of 2022. The Company also announced it has signed a definitive agreement to acquire Bevcorp, a leading provider of beverage processing and packaging solutions.
"During the second quarter, our team continued to navigate a challenging operating environment in order to deliver for our customers," said Brian Deck, President and Chief Executive Officer. "Demand for our FoodTech solutions remained strong in North America, while economic pressures in Europe materialized in connection with high inflation and the conflict in Ukraine. At AeroTech, the strong demand trajectory continues."
"We are executing on our Elevate 2.0 capital deployment strategy with the acquisition of Alco-food-machines and the announcement to acquire Bevcorp," continued Deck. "Bevcorp will expand JBT's presence in the beverage processing and packaging market, while its strong recurring revenue profile, leading service culture, and accretive margins will enhance JBT's competitive position."
Comparisons in this news release are to the comparable period of the prior year, unless otherwise noted.
Second Quarter 2022
"We made progress in the second quarter of 2022 with sequential gains in revenue, margins, and earnings," said Matt Meister, Executive Vice President and Chief Financial Officer. "As we expected, inflation and supply chain impacts continued, while foreign exchange headwinds weighed more heavily on our results. Overall, orders remained at healthy levels and total backlog was at $1.1 billion, which is supportive of our double digit revenue growth forecast for full year 2022."
Second quarter 2022 FoodTech revenue of $394 million increased 9 percent year over year, including 10 percent organic growth and 4 percent from acquisitions, which was partially offset by greater than anticipated foreign exchange headwind of 5 percent versus an expectation of 2 percent. Operating profit was $50 million. Adjusted EBITDA of $68 million declined $1 million, and adjusted EBITDA margin contracted 180 basis points to 17.2 percent while improving 90 basis points sequentially. The negative foreign exchange impact on adjusted EBITDA was approximately $3 million.
AeroTech revenue of $148 million increased 29 percent year over year. Operating profit was $10 million. Adjusted EBITDA of $11 million declined $2 million. Adjusted EBITDA margin contracted 350 basis points to 7.6 percent while improving 50 basis points sequentially.
In total, consolidated JBT revenue of $542 million increased 14 percent year over year. Operating income was $42 million and net income was $33 million. Adjusted EBITDA of $65 million decreased 7 percent, and adjusted EBITDA margin declined 280 basis points to 12.0 percent while improving 50 basis points sequentially. The foreign exchange impact on consolidated adjusted EBITDA was also $3 million.
Diluted earnings per share from net income was $1.04 for the second quarter of 2022 compared with $0.95 for the second quarter of 2021. Adjusted earnings per share was $1.13 compared with $1.20 in the year-ago period. Second quarter 2022 earnings included a discrete tax benefit of $0.07 per share and $0.05 per share headwind from foreign exchange.
Year to date, JBT generated cash from operations of $45 million, which included meaningful inventory investments in support of second half of 2022 revenue growth. Year to date free cash flow was $4 million, including capital expenditures of $20 million associated with the digital strategy. Liquidity at quarter end stood at $642 million, and the Company's leverage ratio was 2.5x net debt to trailing twelve months adjusted EBITDA.
Third Quarter and Full Year 2022 Guidance
The below guidance does not include impacts from Bevcorp, which is expected to close in the third quarter of 2022.
For the third quarter of 2022, JBT expects year over year consolidated revenue growth of 16.0 - 17.5 percent. At FoodTech, organic revenue growth is forecast to be 12.0 - 13.5 percent with acquisitions adding 5 - 6 percent and a foreign exchange headwind of 5 - 6 percent. At AeroTech, revenue growth is expected to be 26 - 28 percent.
The Company anticipates third quarter 2022 FoodTech operating margin to be 13.0 - 13.75 percent with adjusted EBITDA margin of 17.75 - 18.5 percent. AeroTech operating margin is projected to be 8.25 - 9.0 percent with adjusted EBITDA margin of 9.0 - 9.75 percent.
Quarterly corporate expense is estimated to be approximately 2.9 percent of sales, which includes $4 - $5 million associated with the digital strategy and excludes M&A-related costs and LIFO expense.
Third quarter 2022 earnings per share guidance is $1.00 - $1.15 on a GAAP basis and $1.15 - $1.30 as adjusted.
For the full year 2022, JBT is revising its guidance to reflect softening economic conditions in Europe and a higher foreign exchange headwind for FoodTech as well as a modest improvement in revenue growth at AeroTech.
The Company anticipates full year 2022 consolidated revenue growth of 15 - 17 percent. At FoodTech, organic revenue growth is expected to be 13 - 15 percent with acquisitions adding approximately 4 percent and a foreign exchange headwind of 4 - 5 percent. At AeroTech, revenue growth is forecast to be 23 - 25 percent.
Full year 2022 FoodTech operating margin is projected to be 13.0 - 13.75 percent with adjusted EBITDA margin of 17.5 - 18.25 percent. AeroTech operating margin is forecast to be 8.5 - 9.5 percent with adjusted EBITDA margin of 9.5 - 10.5 percent.
Full year corporate expense is estimated to be approximately 2.9 percent of sales, which includes $14 - $15 million associated with the digital strategy and excludes M&A-related costs and LIFO expense. Interest expense is estimated to be approximately $11 million, and the projected full year tax rate is 22 - 23 percent, excluding discrete items.
Full year 2022 earnings per share guidance is $4.40 - $4.60 on a GAAP basis and $4.90 - $5.10 as adjusted.
Bevcorp Acquisition Highlights
On July 27, 2022, JBT announced that it has signed a definitive agreement to acquire Bevcorp, a leading provider of beverage processing and packaging solutions, for $290 million. Bevcorp was founded in 1992 and is headquartered in Eastlake, Ohio. The business' solutions in blending, handling, filling, and closing technologies serve a range of customers in high-value segments of the beverage market, including carbonated soft drinks, seltzers, carbonated water, energy drinks, and ready-to-drink alcoholic beverage blends.
Along with its strong new equipment offering, Bevcorp has a resilient mix of rebuilds, aftermarket parts, and services, representing recurring revenue of more than 60 percent. JBT expects the business to achieve 2022 revenue and EBITDA of approximately $85 million and $20 million, respectively. The transaction will be treated as a purchase of assets, which provides a meaningful tax step-up benefit with a net present value of approximately $35 million. Based on 2022 forecasts, the purchase price represents approximately 14.5x EBITDA and 12.7x EBITDA considering the tax benefit. The acquisition will be funded under JBT's existing credit facility. JBT expects its pro forma net leverage ratio will be less than 3.0x by year end 2022. The transaction is subject to regulatory approval and customary closing conditions and is expected to close in the third quarter of 2022.
Second Quarter 2022 Earnings Conference Call
A conference call is scheduled for 10:00 a.m. ET on Thursday, July 28, 2022, to discuss second quarter 2022 results. Participants may access the conference call through online registration at https://conferencingportals.com/event/lguQsHOL. A simultaneous webcast and audio replay of the call will be available on the Company's Investor Relations website at https://ir.jbtc.com/events-and-presentations/.
Earnings Presentation
An earnings presentation is also available on the Company's Investor Relations website at https://ir.jbtc.com/events-and-presentations/.
JBT Corporation (NYSE: JBT) is a leading global technology solutions provider to high-value segments of the food & beverage industry with focus on proteins, liquid foods and automated system solutions. JBT designs, produces and services sophisticated products and systems for multi-national and regional customers through its FoodTech segment. JBT also sells critical equipment and services to domestic and international air transportation customers through its AeroTech segment. JBT Corporation employs approximately 6,900 people worldwide and operates sales, service, manufacturing and sourcing operations in more than 25 countries. For more information, please visit www.jbtc.com.
This release contains forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. Forward-looking statements are information of a non-historical nature and are subject to risks and uncertainties that are beyond JBT's ability to control. Forward-looking statements include, among others, statements relating to the expected impact of the COVID-19 pandemic on our business and our results of operations, our plans to mitigate the impact of the pandemic, our strategic plans, our restructuring plans and expected cost savings from those plans, our liquidity and our covenant compliance. The factors that could cause our actual results to differ materially from expectations include but are not limited to the following factors: the duration of the COVID-19 pandemic and the effects of the pandemic on our ability to operate our business and facilities, on our customers, on our workforce resulting in higher labor absenteeism, on our supply chains due to extended delivery times and unavailability of required components, labor and freight, on our cost of labor due to higher labor turnover and shortage of skilled labor and on the economy generally; fluctuations in our financial results; unanticipated delays or acceleration in our sales cycles; deterioration of economic conditions; disruptions in the political, regulatory, economic and social conditions of the countries in which we conduct business; changes to trade regulation, quotas, duties or tariffs; risks associated with acquisitions or strategic investments; fluctuations in currency exchange rates; increases in energy or raw material prices, freight costs, and inflationary pressures; changes in food consumption patterns; impacts of pandemic illnesses, food borne illnesses and diseases to various agricultural products; weather conditions and natural disasters; impact of climate change and environmental protection initiatives; our ability to comply with the laws and regulations governing our U.S. government contracts; acts of terrorism or war, including the current conflict between Russia and Ukraine; termination or loss of major customer contracts and risks associated with fixed-price contracts, particularly during periods of high inflation; customer sourcing initiatives; competition and innovation in our industries; difficulty in implementing our business strategies, including the timing of our previously announced review of strategic alternatives for the AeroTech platform, our ability to identify or develop any strategic alternatives, execute on material aspects of such strategic alternatives, and whether we can achieve the potential benefits of such strategic alternatives; the failure to consummate or a delay in consummating the acquisition of Bevcorp; our ability to develop and introduce new or enhanced products and services and keep pace with technological developments; difficulty in developing, preserving and protecting our intellectual property or defending claims of infringement; catastrophic loss at any of our facilities and business continuity of our information systems; cyber-security risks such as network intrusion or ransomware schemes; loss of key management and other personnel; potential liability arising out of the installation or use of our systems; our ability to comply with U.S. and international laws governing our operations and industries; increases in tax liabilities; work stoppages; fluctuations in interest rates and returns on pension assets; availability of and access to financial and other resources; and other factors described under the captions "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" in the Company's most recent Annual Report on Form 10-K filed by JBT with the Securities and Exchange Commission and in any subsequently filed Form 10-Q. In addition, many of our risks and uncertainties are currently amplified by and will continue to be amplified by the COVID-19 pandemic. Given the highly fluid nature of the COVID-19 pandemic, it is not possible to predict all such risks and uncertainties. JBT cautions shareholders and prospective investors that actual results may differ materially from those indicated by the forward-looking statements. JBT undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future developments, subsequent events or changes in circumstances or otherwise.
We provide non-GAAP financial measures in order to increase transparency in our operating results and trends. These non-GAAP measures eliminate certain costs or benefits from, or change the calculation of, a measure as calculated under U.S. GAAP. By eliminating these items, we believe we provide a more meaningful comparison of our ongoing operating results, consistent with how management evaluates performance. Management uses these non-GAAP measures in financial and operational evaluation, planning and forecasting.
These calculations may differ from similarly-titled measures used by other companies. The non-GAAP financial measures disclosed are not intended to be used as a substitute for, nor should they be considered in isolation of, financial measures prepared in accordance with U.S. GAAP.
Investors & Media: Kedric Meredith, 312.861.6034
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SOURCE JBT Corporation | https://www.wagmtv.com/prnewswire/2022/07/27/jbt-corporation-reports-second-quarter-2022-results-signs-definitive-agreement-acquire-bevcorp/ | 2022-07-27T21:52:05Z | https://www.wagmtv.com/prnewswire/2022/07/27/jbt-corporation-reports-second-quarter-2022-results-signs-definitive-agreement-acquire-bevcorp/ | false |
WASHINGTON (AP) — The Biden administration has offered a deal to Russia aimed at bringing home WNBA star Brittney Griner and another jailed American Paul Whelan.
That's according to Secretary of State Antony Blinken, who also revealed Wednesday that he has asked to speak with his Kremlin counterpart for the first time in months.
The statement marked the first time the U.S. government has publicly revealed any concrete action it has taken to secure the release of Griner.
It is unclear what the deal is, or whether it will be enough for Russia to release the Americans. | https://www.kvoa.com/news/local/in-rare-contact-us-offers-russia-deal-for-griner-whelan/article_2ae3b082-0dea-11ed-9b14-fb45784d5b47.html | 2022-07-27T21:53:12Z | https://www.kvoa.com/news/local/in-rare-contact-us-offers-russia-deal-for-griner-whelan/article_2ae3b082-0dea-11ed-9b14-fb45784d5b47.html | true |
HOUSTON, July 27, 2022 /PRNewswire/ -- Marathon Oil Corporation (NYSE: MRO) announced today that the Company's board of directors has declared a dividend of 8 cents per share on Marathon Oil Corporation common stock. The dividend is payable on September 12, 2022, to stockholders of record on August 17, 2022.
For more information on Marathon Oil Corporation, visit the Company's website at https://www.marathonoil.com.
Media Relations Contact:
Kathy Sauvé, 713-296-3915
Investor Relations Contacts:
Guy Baber: 713-296-1892
John Reid: 713-296-4380
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NEW YORK, July 27, 2022 /PRNewswire/ --
If you own shares in any of the companies listed above and
would like to discuss our investigations or have any questions concerning
this notice or your rights or interests, please contact:
Joshua Rubin, Esq.
Weiss Law
305 Broadway, 7th Floor
New York, NY 10007
(212) 682-3025
(888) 593-4771
stockinfo@weisslawllp.com
Unity Software Inc. (NYSE: U)
Weiss Law is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Unity Software Inc. (NYSE: U) in connection with U's proposed merger with ironSource Ltd. ("ironSource"). Under the merger agreement, U will acquire each ironSource share for 0.1089 of a U common share, leaving U shareholders owning approximately 73.5% and ironSource shareholders owning approximately 26.5% of the combined company upon closing of the transaction. If you own U shares and wish to discuss this investigation or your rights, please call us at one of the numbers listed above or visit our website: https://www.weisslaw.co/news-and-cases/u
VAALCO Energy, Inc. (NYSE: EGY)
Weiss Law is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of VAALCO Energy, Inc. (NYSE: EGY), in connection with EGY's proposed acquisition of TransGlobe Energy Corporation ("TransGlobe"). Under the merger agreement, EGY will acquire each TransGlobe share for 0.6727 of an EGY common share, leaving EGY shareholders owning approximately 54.5% and TransGlobe shareholders owning approximately 45.5% of the combined company upon closing of the transaction. If you own EGY shares and wish to discuss this investigation or your rights, please call us at one of the numbers listed above or visit our website: https://www.weisslaw.co/news-and-cases/egy
One Medical (NASDAQ: ONEM)
Weiss Law is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of One Medical (NASDAQ: ONEM) in connection with the proposed acquisition of ONEM by Amazon.com, Inc. Under the terms of the merger agreement, ONEM shareholders will receive $18.00 in cash for each share of ONEM common stock owned. If you own ONEM shares and wish to discuss this investigation or your rights, please call us at one of the numbers listed above or visit our website: https://www.weisslaw.co/news-and-cases/onem-1
Hanger, Inc. (NYSE: HNGR)
Weiss Law is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Hanger, Inc. (NYSE: HNGR), in connection with the proposed acquisition of HNGR by Patient Square Capital. Under the terms of the merger agreement, HNGR shareholders will receive $18.75 in cash for each share of HNGR common stock owned. If you own HNGR shares and wish to discuss this investigation or your rights, please call us at one of the numbers listed above or visit our website: https://www.weisslaw.co/news-and-cases/hngr
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Company launches Luxury Properties Division and expands to Westside with Opening of Brentwood Office.
SHERMAN OAKS, Calif., July 27, 2022 /PRNewswire/ -- Today, Equity Union's CEO, Harma Hartouni, announced that Linda Ferrari has joined the company's slate of top producers as it's Global Luxury Director.
Ferrari is a successful REALTOR® and Advisor, National Finance & Credit Score Expert, Speaker, Entrepreneur and Author of The Big Score, Buying Power For Life. Her expertise and knowledge has landed her appearances on FOX Business News, One American News and Market Wrap with Moe Ansari, and she has also appeared on 1700AM Biz Fit radio, 97.1 KLSX, Making Money, Talking Dollars and Making Sense, Vegas Investors Edge and San Francisco's KDOW Business Radio Show, Real Estate Guys Radio and TV.
"Linda is a master negotiator with an expertise level in both finance and real estate. She has a global resource pool that has paved the path for individuals and investors to purchase real estate with a fulfilling and unique service that only Linda can provide. She will be a great asset to our Equity Union team". Harma Hartouni – CEO, Equity Union.
With the addition of Ferrari, Equity Union announced the expansion of its operations with its first office to open on the Westside of Los Angeles at 2528 San Vicente Boulevard. The office is scheduled to complete interior renovations and open at the end of Q3. In addition to the new Brentwood location, Equity Union has offices in Sherman Oaks, Encino, Woodland Hills, as well as immediate plans to open locations in Toluca Lake and Santa Clarita.
About Equity Union: Founded by Harma Hartouni, groundbreaking REALTOR® and inspiring author of the memoir Getting Back Up, Equity Union was created to be a completely unique real estate company. With an unparalleled commitment to service, integrity and excellence, we're ready to both inspire your vision and help you bring it to life.
About Harma Hartouni: Harma Hartouni is a self-made entrepreneur and developer, owns a real estate company employing hundreds of residential and commercial real estate agents in Southern California. Among awards and recognition received, The National Association of REALTORS® named Harma one of their top "30 Under 30" brokers in the country, and the Los Angeles Business Journal has recognized him as one of their "40 Under 40" Most Influential Business Owners.
Contact: Dan Stueve, +13105955875, dan@equityunion.com
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SOURCE Equity Union | https://www.kait8.com/prnewswire/2022/07/27/linda-ferrari-joins-equity-union-global-luxury-director/ | 2022-07-27T21:55:39Z | https://www.kait8.com/prnewswire/2022/07/27/linda-ferrari-joins-equity-union-global-luxury-director/ | true |
GERMANTOWN, Tenn., July 27, 2022 /PRNewswire/ -- Mid-America Apartment Communities, Inc., or MAA (NYSE: MAA), today announced operating results for the quarter ended June 30, 2022.
A reconciliation of FFO and Core FFO to Net income available for MAA common shareholders, and an expanded discussion of the components of FFO and Core FFO, can be found later in this release. FFO per Share – diluted and Core FFO per Share – diluted include diluted common shares and units.
Eric Bolton, Chairman and Chief Executive Officer, said, "Leasing conditions across our Sunbelt markets remain robust as strong job growth, positive migration trends and the higher cost of single-family homeownership fuels a growing demand for apartment housing. Results for the second quarter were ahead of expectations, and we have again increased our outlook for growth in Core FFO performance for the year."
Highlights
- During the second quarter of 2022, MAA's Same Store Portfolio produced increases in property revenues, operating expenses and Net Operating Income (NOI) of 13.7%, 8.1% and 17.1%, respectively, as compared to the same period in the prior year.
- As of the end of the second quarter of 2022, MAA had five communities under development, representing 1,759 units once complete, with a projected total cost of $444.0 million and an estimated $213.6 million remaining to be funded.
- As of the end of the second quarter of 2022, MAA had four recently completed development communities in initial lease-up. Two communities are expected to stabilize in the third quarter of 2022 and two in the first quarter of 2023.
- MAA completed redevelopment of 1,844 apartment homes during the second quarter of 2022, capturing average rental rate increases of approximately 11% above non-renovated units.
- MAA closed on the disposition of two multifamily communities in the Fort Worth, Texas market for combined gross proceeds of approximately $167 million during the second quarter of 2022.
- During the second quarter of 2022, MAA closed on the acquisition of a four acre land parcel located in the Orlando, Florida market for future development expected to begin in late 2023.
- Subsequent to the end of the second quarter of 2022, MAA acquired a 196-unit multifamily community located in the Tampa, Florida market and a six acre land parcel in the Denver, Colorado market for future development expected to begin in late 2023.
- During the second quarter of 2022, Fitch Ratings upgraded MAA's long-term debt rating to A- with a Stable outlook.
- Subsequent to the end of the second quarter of 2022, MAALP amended its unsecured revolving credit facility increasing borrowing capacity to $1.25 billion with an option to expand to $2.0 billion. MAALP refers to Mid-America Apartments, L.P., which is MAA's operating partnership.
Same Store Portfolio Operating Results
To ensure comparable reporting with prior periods, the Same Store Portfolio includes properties that were owned by MAA and stabilized at the beginning of the previous year.
Same Store Portfolio results for the three and six months ended June 30, 2022 as compared to the same periods in the prior year are summarized below:
A reconciliation of NOI, including Same Store NOI, to Net income available for MAA common shareholders, and an expanded discussion of the components of NOI, can be found later in this release.
Same Store Portfolio operating statistics for the three and six months ended June 30, 2022 are summarized below:
Same Store Portfolio lease pricing for leases effective during the second quarter of 2022, as compared to the prior lease, increased 18.0% for leases to new move-in residents and increased 16.5% for renewing leases, which produced an increase of 17.2% for both new and renewing leases on a blended basis. The rent-to-resident-income relationship for new leases signed during the second quarter of 2022 remained consistent with recent trends in the range of 22%.
Same Store Portfolio lease pricing for leases effective during the six months ended June 30, 2022, as compared to the prior lease, increased 17.3% for leases to new move-in residents and increased 16.9% for renewing leases, which produced an increase of 17.1% for both new and renewing leases on a blended basis.
Additionally, through July 25, 2022, Same Store Portfolio lease pricing for leases effective during July 2022, as compared to the prior lease, increased 17.9% for leases to new move-in residents and increased 15.4% for renewing leases, which produced an increase of 16.6% for both new and renewing leases on a blended basis.
Development and Lease-up Activity
A summary of MAA's development communities under construction as of the end of the second quarter of 2022 is set forth below (dollars in thousands):
The expected average stabilized NOI yield on these communities is 5.7%. During the second quarter of 2022, MAA funded $53.9 million of costs for current and completed projects, including predevelopment activities related to land parcels located in the Denver, Colorado market, the Tampa, Florida market and the Orlando, Florida market.
A summary of the total units, cost and the average physical occupancy of MAA's lease-up communities as of the end of the second quarter of 2022 is set forth below (dollars in thousands):
Property Redevelopment and Repositioning Activity
A summary of MAA's interior redevelopment program and Smart Home technology initiative as of the end of the second quarter of 2022 is set forth below:
As of June 30, 2022, MAA had completed installation of the Smart Home technology (unit entry locks, mobile control of lights and thermostat and leak monitoring) in over 67,000 units across its apartment community portfolio since the initiative began during the first quarter of 2019.
During the second quarter of 2022, MAA continued its property repositioning program to upgrade and reposition the amenity and common areas at select apartment communities. The program includes targeted plans to move all units at the properties to higher rents that are expected to deliver yields on cost averaging 8%. During the six months ended June 30, 2022, work continued on properties selected for this program in 2021. For the six months ended June 30, 2022, MAA spent $8.0 million on this program.
Acquisition and Disposition Activity
In June 2022, MAA closed on the disposition of two multifamily communities in the Fort Worth, Texas market totaling 730 units. MAA received combined gross proceeds of approximately $167 million and recognized a combined gain on the sale of depreciable real estate assets of approximately $132 million.
During the second quarter of 2022, MAA closed on the acquisition of a four acre land parcel located in the Orlando, Florida market for approximately $12 million. MAA expects to begin multifamily development projects on four to six land parcels currently owned or under contract over the next 18 to 24 months.
In July 2022, MAA acquired a 196-unit multifamily community located in the Tampa, Florida market for approximately $73 million. At the time of acquisition, the community's physical occupancy was 89.8%. During July 2022, MAA also acquired a six acre land parcel in the Denver, Colorado market for future development.
Capital Expenditures
A summary of MAA's capital expenditures and Funds Available for Distribution (FAD) for the three and six months ended June 30, 2022 and 2021 is set forth below (dollars in millions, except per Share data):
A reconciliation of FFO, Core FFO, Core AFFO and FAD to Net income available for MAA common shareholders, and an expanded discussion of the components of FFO, Core FFO, Core AFFO and FAD can be found later in this release.
Balance Sheet and Financing Activities
As of June 30, 2022, MAA had $1.1 billion of combined cash and available capacity under MAALP's unsecured revolving credit facility.
In July 2022, MAALP amended its unsecured revolving credit facility, increasing borrowing capacity to $1.25 billion with an option to expand to $2.0 billion. The amended facility has a maturity date of October 2026 with two six-month extension options, and bears interest at an adjusted Secured Overnight Financing Rate plus a spread based on an investment ratings grid, currently at 0.775%.
Dividends and distributions paid on shares of common stock and noncontrolling interests during the second quarter of 2022 were $129.0 million, as compared to $121.5 million for the same period in the prior year.
Balance sheet highlights as of June 30, 2022 are summarized below (dollars in billions):
A reconciliation of Net Debt to Unsecured notes payable and Secured notes payable and a reconciliation of Adjusted EBITDAre to Net income, along with an expanded discussion of the components of Net Debt and Adjusted EBITDAre can be found later in this release.
114th Consecutive Quarterly Common Dividend Declared
MAA declared its 114th consecutive quarterly common dividend, which will be paid on July 29, 2022 to holders of record on July 15, 2022. The current annual dividend rate is $5.00 per common share, an increase of 15% from the immediately prior rate. The timing and amount of future dividends will depend on actual cash flows from operations, MAA's financial condition, capital requirements, the annual distribution requirements under the REIT provisions of the Internal Revenue Code of 1986 and other factors as MAA's Board of Directors deems relevant. MAA's Board of Directors may modify the dividend policy from time to time.
2022 Earnings and Same Store Portfolio Guidance
MAA is updating its prior 2022 guidance for Net income per diluted common share, Core FFO per Share and Core AFFO per Share, along with its expectations for growth of Property revenue, Property operating expense and NOI for the Same Store Portfolio in 2022. MAA expects to update its 2022 Net income per diluted common share, Core FFO per Share and Core AFFO per Share guidance on a quarterly basis.
FFO, Core FFO and Core AFFO are non-GAAP financial measures. Acquisition and disposition activity materially affects depreciation and capital gains or losses, which combined, generally represent the majority of the difference between Net income available for common shareholders and FFO. As discussed in the definitions of non-GAAP financial measures found later in this release, MAA's definition of FFO is in accordance with the National Association of Real Estate Investment Trusts', or NAREIT's, definition, and Core FFO represents FFO further adjusted for items that are not considered part of MAA's core business operations. MAA believes that Core FFO is helpful in understanding operating performance in that Core FFO excludes not only depreciation expense of real estate assets and certain other non-routine items, but it also excludes certain items that by their nature are not comparable over periods and therefore tend to obscure actual operating performance.
MAA expects Core FFO for the third quarter of 2022 to be in the range of $1.99 to $2.15 per Share, or $2.07 per Share at the midpoint. MAA does not forecast Net income per diluted common share on a quarterly basis as MAA generally cannot predict the timing of forecasted acquisition and disposition activity within a particular quarter (rather than during the course of the full year). Additional details and guidance items are provided in the Supplemental Data to this release.
Supplemental Material and Conference Call
Supplemental data to this release can be found on the "For Investors" page of the MAA website at www.maac.com. MAA will host a conference call to further discuss second quarter results on July 28, 2022, at 9:00 AM Central Time. The conference call-in number is 877-830-2598. You may also join the live webcast of the conference call by accessing the "For Investors" page of the MAA website at www.maac.com. MAA's filings with the Securities and Exchange Commission (SEC) are filed under the registrant names of Mid-America Apartment Communities, Inc. and Mid-America Apartments, L.P.
About MAA
MAA, an S&P 500 company, is a real estate investment trust (REIT) focused on delivering full-cycle and superior investment performance for shareholders through the ownership, management, acquisition, development and redevelopment of quality apartment communities primarily in the Southeast, Southwest and Mid-Atlantic regions of the United States. As of June 30, 2022, MAA had ownership interest in 101,229 apartment units, including communities currently in development, across 16 states and the District of Columbia. For further details, please visit the MAA website at www.maac.com or contact Investor Relations at investor.relations@maac.com, or via mail at MAA, 6815 Poplar Ave., Suite 500, Germantown, TN 38138, Attn: Investor Relations.
Forward-Looking Statements
Sections of this release contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, with respect to our expectations for future periods. Forward-looking statements do not discuss historical fact, but instead include statements related to expectations, projections, intentions or other items related to the future. Such forward-looking statements include, without limitation, statements regarding expected operating performance and results, property stabilizations, property acquisition and disposition activity, joint venture activity, development and renovation activity and other capital expenditures, and capital raising and financing activity, as well as lease pricing, revenue and expense growth, occupancy, interest rate and other economic expectations. Words such as "expects," "anticipates," "intends," "plans," "believes," "seeks," "estimates," "forecasts," "projects," "assumes," "will," "may," "could," "should," "budget," "target," "outlook," "proforma," "opportunity," "guidance" and variations of such words and similar expressions are intended to identify such forward-looking statements. Such forward-looking statements involve known and unknown risks, uncertainties and other factors, as described below, which may cause our actual results, performance or achievements to be materially different from the results of operations, financial conditions or plans expressed or implied by such forward-looking statements. Although we believe that the assumptions underlying the forward-looking statements contained herein are reasonable, any of the assumptions could be inaccurate, and therefore such forward-looking statements included in this release may not prove to be accurate. In light of the significant uncertainties inherent in the forward-looking statements included herein, the inclusion of such information should not be regarded as a representation by us or any other person that the results or conditions described in such statements or our objectives and plans will be achieved.
The following factors, among others, could cause our actual results, performance or achievements to differ materially from those expressed or implied in the forward-looking statements:
- the COVID-19 pandemic and measures taken or that may be taken by federal, state and local governmental authorities to combat the spread of the disease;
- inability to generate sufficient cash flows due to unfavorable economic and market conditions, changes in supply and/or demand, competition, uninsured losses, changes in tax and housing laws, or other factors;
- exposure to risks inherent in investments in a single industry and sector;
- adverse changes in real estate markets, including, but not limited to, the extent of future demand for multifamily units in our significant markets, barriers of entry into new markets which we may seek to enter in the future, limitations on our ability to increase or collect rental rates, competition, our ability to identify and consummate attractive acquisitions or development projects on favorable terms, our ability to consummate any planned dispositions in a timely manner on acceptable terms, and our ability to reinvest sale proceeds in a manner that generates favorable returns;
- failure of development communities to be completed within budget and on a timely basis, if at all, to lease-up as anticipated or to achieve anticipated results;
- unexpected capital needs;
- material changes in operating costs, including real estate taxes, utilities and insurance costs, due to inflation and other factors;
- inability to obtain appropriate insurance coverage at reasonable rates, or at all, or losses from catastrophes in excess of our insurance coverage;
- ability to obtain financing at favorable rates, if at all, or refinance existing debt as it matures;
- level and volatility of interest or capitalization rates or capital market conditions;
- the effect of any rating agency actions on the cost and availability of new debt financing;
- significant change in the mortgage financing market or other factors that would cause single-family housing or other alternative housing options, either as an owned or rental product, to become a more significant competitive product;
- ability to continue to satisfy complex rules in order to maintain our status as a REIT for federal income tax purposes, the ability of MAALP to satisfy the rules to maintain its status as a partnership for federal income tax purposes, the ability of our taxable REIT subsidiaries to maintain their status as such for federal income tax purposes, and our ability and the ability of our subsidiaries to operate effectively within the limitations imposed by these rules;
- inability to attract and retain qualified personnel;
- cyber liability or potential liability for breaches of our or our service providers' information technology systems, or business operations disruptions;
- potential liability for environmental contamination;
- changes in the legal requirements we are subject to, or the imposition of new legal requirements, that adversely affect our operations;
- extreme weather, natural disasters, disease outbreaks and other public health events;
- impact of climate change on our properties or operations;
- legal proceedings or class action lawsuits;
- impact of reputational harm caused by negative press or social media postings of our actions or policies, whether or not warranted;
- compliance costs associated with numerous federal, state and local laws and regulations; and
- other risks identified in this release and in reports we file with the SEC or in other documents that we publicly disseminate.
New factors may also emerge from time to time that could have a material adverse effect on our business. Except as required by law, we undertake no obligation to publicly update or revise forward-looking statements contained in this release to reflect events, circumstances or changes in expectations after the date of this release.
NON-GAAP FINANCIAL MEASURES
Adjusted EBITDAre
For purposes of calculations in this release, Adjusted Earnings Before Interest, Income Taxes, Depreciation and Amortization for real estate, or Adjusted EBITDAre, represents EBITDAre further adjusted for items that are not considered part of MAA's core operations such as adjustments related to the fair value of the embedded derivative in the MAA Series I preferred shares, gain or loss on sale of non-depreciable assets, gain or loss on investments, net casualty gain or loss, gain or loss on debt extinguishment, legal costs and settlements, net, COVID-19 related costs and mark-to-market debt adjustments. As an owner and operator of real estate, MAA considers Adjusted EBITDAre to be an important measure of performance from core operations because Adjusted EBITDAre does not include various income and expense items that are not indicative of operating performance. MAA's computation of Adjusted EBITDAre may differ from the methodology utilized by other companies to calculate Adjusted EBITDAre. Adjusted EBITDAre should not be considered as an alternative to Net income as an indicator of operating performance.
Core Adjusted Funds from Operations (Core AFFO)
Core AFFO is composed of Core FFO less recurring capital expenditures. Core AFFO should not be considered as an alternative to Net income available for MAA common shareholders as an indicator of operating performance. As an owner and operator of real estate, MAA considers Core AFFO to be an important measure of performance from operations because Core AFFO measures the ability to control revenues, expenses and recurring capital expenditures.
Core Funds from Operations (Core FFO)
Core FFO represents FFO as adjusted for items that are not considered part of MAA's core business operations such as adjustments related to the fair value of the embedded derivative in the MAA Series I preferred shares, gain or loss on sale of non-depreciable assets, gain or loss on investments, net casualty gain or loss, gain or loss on debt extinguishment, legal costs and settlements, net, COVID-19 related costs and mark-to-market debt adjustments. While MAA's definition of Core FFO may be similar to others in the industry, MAA's methodology for calculating Core FFO may differ from that utilized by other REITs and, accordingly, may not be comparable to such other REITs. Core FFO should not be considered as an alternative to Net income available for MAA common shareholders as an indicator of operating performance. MAA believes that Core FFO is helpful in understanding its core operating performance between periods in that it removes certain items that by their nature are not comparable over periods and therefore tend to obscure actual operating performance.
EBITDA
For purposes of calculations in this release, Earnings Before Interest, Income Taxes, Depreciation and Amortization, or EBITDA, is composed of net income plus depreciation and amortization, interest expense, and income taxes. As an owner and operator of real estate, MAA considers EBITDA to be an important measure of performance from core operations because EBITDA does not include various expense items that are not indicative of operating performance. EBITDA should not be considered as an alternative to Net income as an indicator of operating performance.
EBITDAre
For purposes of calculations in this release, Earnings Before Interest, Income Taxes, Depreciation and Amortization for real estate, or EBITDAre, is composed of EBITDA further adjusted for the gain or loss on sale of depreciable asset sales and plus adjustments to reflect MAA's share of EBITDAre of unconsolidated affiliates. As an owner and operator of real estate, MAA considers EBITDAre to be an important measure of performance from core operations because EBITDAre does not include various expense items that are not indicative of operating performance. While MAA's definition of EBITDAre is in accordance with NAREIT's definition, it may differ from the methodology utilized by other companies to calculate EBITDAre. EBITDAre should not be considered as an alternative to Net income as an indicator of operating performance.
Funds Available for Distribution (FAD)
FAD is composed of Core FFO less total capital expenditures, excluding development spending, property acquisitions and capital expenditures relating to significant casualty losses that management expects to be reimbursed by insurance proceeds. FAD should not be considered as an alternative to Net income available for MAA common shareholders as an indicator of operating performance. As an owner and operator of real estate, MAA considers FAD to be an important measure of performance from core operations because FAD measures the ability to control revenues, expenses and total capital expenditures.
Funds From Operations (FFO)
FFO represents net income available for MAA common shareholders (calculated in accordance with GAAP) excluding gain or loss on disposition of operating properties and asset impairment, plus depreciation and amortization of real estate assets, net income attributable to noncontrolling interests, and adjustments for joint ventures. Because net income attributable to noncontrolling interests is added back, FFO, when used in this document, represents FFO attributable to the Company. While MAA's definition of FFO is in accordance with NAREIT's definition, it may differ from the methodology for calculating FFO utilized by other companies and, accordingly, may not be comparable to such other companies. FFO should not be considered as an alternative to Net income available for MAA common shareholders as an indicator of operating performance. MAA believes that FFO is helpful in understanding operating performance in that FFO excludes depreciation and amortization of real estate assets. MAA believes that GAAP historical cost depreciation of real estate assets is generally not correlated with changes in the value of those assets, whose value does not diminish predictably over time, as historical cost depreciation implies.
Gross Assets
Gross Assets represents Total assets plus Accumulated depreciation. MAA believes that Gross Assets can be used as a helpful tool in evaluating its balance sheet positions. MAA believes that GAAP historical cost depreciation of real estate assets is generally not correlated with changes in the value of those assets, whose value does not diminish predictably over time, as historical cost depreciation implies.
Gross Real Estate Assets
Gross Real Estate Assets represents Real estate assets, net plus Accumulated depreciation, Cash and cash equivalents and 1031(b) exchange proceeds included in Restricted cash. MAA believes that Gross Real Estate Assets can be used as a helpful tool in evaluating its balance sheet positions. MAA believes that GAAP historical cost depreciation of real estate assets is generally not correlated with changes in the value of those assets, whose value does not diminish predictably over time, as historical cost depreciation implies.
Net Debt
Net Debt represents Unsecured notes payable and Secured notes payable less Cash and cash equivalents and 1031(b) exchange proceeds included in Restricted cash. MAA believes Net Debt is a helpful tool in evaluating its debt position.
Net Operating Income (NOI)
Net Operating Income represents Rental and other property revenues less Total property operating expenses, excluding depreciation and amortization, for all properties held during the period, regardless of their status as held for sale. NOI should not be considered as an alternative to Net income available for MAA common shareholders. MAA believes NOI is a helpful tool in evaluating operating performance because it measures the core operations of property performance by excluding corporate level expenses and other items not related to property operating performance.
Non-Same Store and Other NOI
Non-Same Store and Other NOI represents Rental and other property revenues less Total property operating expenses, excluding depreciation and amortization, for all properties classified within the Non-Same Store and Other Portfolio during the period. Non-Same Store and Other NOI should not be considered as an alternative to Net income available for MAA common shareholders. MAA believes Non-Same Store and Other NOI is a helpful tool in evaluating operating performance because it measures the core operations of property performance by excluding corporate level expenses and other items not related to property operating performance.
Same Store NOI
Same Store NOI represents Rental and other property revenues less Total property operating expenses, excluding depreciation and amortization, for all properties classified within the Same Store Portfolio during the period. Same Store NOI should not be considered as an alternative to Net income available for MAA common shareholders. MAA believes Same Store NOI is a helpful tool in evaluating operating performance because it measures the core operations of property performance by excluding corporate level expenses and other items not related to property operating performance.
OTHER KEY DEFINITIONS
Average Effective Rent per Unit
Average Effective Rent per Unit represents the average of gross rent amounts after the effect of leasing concessions for occupied units plus prevalent market rates asked for unoccupied units, divided by the total number of units. Leasing concessions represent discounts to the current market rate. MAA believes average effective rent is a helpful measurement in evaluating average pricing. It does not represent actual rental revenue collected per unit.
Average Physical Occupancy
Average Physical Occupancy represents the average of the daily physical occupancy for an applicable period.
Development Communities
Communities remain identified as development until certificates of occupancy are obtained for all units under development. Once all units are delivered and available for occupancy, the community moves into the Lease-up Communities portfolio.
Lease-up Communities
New acquisitions acquired during lease-up and newly developed communities remain in the Lease-up Communities portfolio until stabilized. Communities are considered stabilized when achieving 90% average physical occupancy for 90 days.
Non-Same Store and Other Portfolio
Non-Same Store and Other Portfolio includes recently acquired communities, communities in development or lease-up, communities that have been disposed of or identified for disposition, communities that have experienced a significant casualty loss, stabilized communities that do not meet the requirements defined by the Same Store Portfolio, retail properties and commercial properties.
Resident Turnover
Resident turnover represents resident move outs excluding transfers within the Same Store Portfolio as a percentage of expiring leases on a rolling twelve month basis as of the end of the reported quarter.
Same Store Portfolio
MAA reviews its Same Store Portfolio at the beginning of each calendar year, or as significant transactions or events warrant. Communities are generally added into the Same Store Portfolio if they were owned and stabilized at the beginning of the previous year. Communities are considered stabilized when achieving 90% average physical occupancy for 90 days. Communities that have been approved by MAA's Board of Directors for disposition are excluded from the Same Store Portfolio. Communities that have experienced a significant casualty loss are also excluded from the Same Store Portfolio.
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FINDLAY, Ohio, July 27, 2022 /PRNewswire/ -- The board of directors of Marathon Petroleum Corp. (NYSE: MPC) has declared a dividend of $0.58 per share on common stock. The dividend is payable Sept. 12, 2022, to shareholders of record as of the close of business Aug. 17, 2022.
About Marathon Petroleum Corporation
Marathon Petroleum Corporation (MPC) is a leading, integrated, downstream energy company headquartered in Findlay, Ohio. The company operates the nation's largest refining system. MPC's marketing system includes branded locations across the United States, including Marathon brand retail outlets. MPC also owns the general partner and majority limited partner interest in MPLX LP, a midstream company that owns and operates gathering, processing, and fractionation assets, as well as crude oil and light product transportation and logistics infrastructure. More information is available at www.marathonpetroleum.com.
Investor Relations Contacts: (419) 421-2071
Kristina Kazarian, Vice President
Brian Worthington, Manager
Kenan Kinsey, Analyst
Media Contact: (419) 421-3312
Jamal Kheiry, Communications Manager
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SOURCE Marathon Petroleum Corporation | https://www.kait8.com/prnewswire/2022/07/27/marathon-petroleum-corp-announces-quarterly-dividend/ | 2022-07-27T21:56:07Z | https://www.kait8.com/prnewswire/2022/07/27/marathon-petroleum-corp-announces-quarterly-dividend/ | false |
Though U.S. Magistrate Judge Dana M. Douglas, of New Orleans, wouldn’t tell the U.S. Senate Judiciary Committee Wednesday how she personally felt about the recent high court decision that returned access to abortions to individual states, she promised to follow the precedent set if considering such cases on the federal appellate bench.
“I understand it to be the current precedent for the United States Supreme Court,” Douglas said during her confirmation hearing to join the 5th U.S. Circuit Court of Appeals. “As a sitting judge and also as a judicial nominee, I don’t think it is appropriate for me to speak in terms of what I believe. But it has always been my position to follow any precedent that has been set forth by the 5th Circuit or the Supreme Court. I intend to do that.”
The niece of Warren Woodfork Sr., the first Black superintendent of the New Orleans Police Department, Douglas would become the first Black female 5th Circuit judge, if confirmed by the Senate, according to the Federal Judicial Center database.
The appellate court based in New Orleans sits between the U.S. Supreme Court and the federal district trial courts in Louisiana, Mississippi and Texas.
The 5th Circuit was once known for appellate rulings that progressed the civil rights movement of the 1950s and 1960s. Now with 17 active judges and nine senior judges, the 5th Circuit is known as a bastion of conservative legal thought, which sussed out the theories that led the Supreme Court to abolish federal protections for abortions.
Douglas is Democratic President Joe Biden’s first nomination to the 5th Circuit. Republican President Donald Trump had named six of the appellate court judges. Douglas would replace Judge James Dennis, whose law clerks included Gov. John Bel Edwards, when the 86-year-old takes senior status.
U.S. Senate Questionnaire of Judge Dana M. Douglas
The Senate Judiciary committee will need to vote to advance Douglas’ nomination to the full Senate for a confirmation vote. She has the backing of both Republican senators, Bill Cassidy, of Baton Rouge, and John N. Kennedy, of Madisonville. Kennedy, a member of the Senate Judiciary Committee, introduced Douglas for her confirmation hearing.
For the most part GOP senators, who combatively drilled Biden’s other judicial nominees at Wednesday’s hearing, left Douglas alone.
U.S. Sen. Chuck Grassley, R-Iowa and the committee’s ranking minority member, asked about the U.S. Constitution being a “living document,” a moniker that some legal scholars say means that because the founding document can be amended, it can also be interpreted differently as the times dictate.
“I do not believe in the Constitution being a living document. I have approached each case that I have presided over by first reviewing the text of the statute or provision that is before me,” Douglas said.
Grassley interrupted saying, “Thank you. You have given a good answer.”
Sen. Marsha Blackburn, R-Tenn., was not as accommodating.
Blackburn noted that Douglas “had celebrated” the numerous members of law enforcement in her family, but that the nominee had also “professionally interacted” with attorneys supportive of reforming police procedures, like having a greater reliance on community policing.
“So, do you share in the promotion of these progressive police reform policies? Or do you support the men and women in uniform?” Blackburn asked.
“I am not aware of the comments or policies that you just spoke of. I am very proud of my family’s services,” Douglas said.
Blackburn interrupted, then turned to another nominee.
Though the 5th Circuit courthouse on Lafayette Square in New Orleans is a stop on the U.S. Civil Rights Trail, only seven women have served on the 5th Circuit bench and none of those women have been Black, according to the Federal Judicial Center database.
“Compared with its general population, the 5th Circuit Court of Appeals is the least racially and ethnically diverse circuit court in the country,” according to a recent Center for American Progress analysis of diversity on the federal bench.
But that’s not unusual.
Of the 809 appellate judges to have ever served throughout history, 13 have been Black women, according to a February study by Pew Research. Out of 293 federal appeals court judges serving today throughout the country, 10 are Black women.
Retired Louisiana Supreme Court Chief Justice Bernette J. Johnson, in a letter to the committee supporting the nomination, recalled how Douglas as a child often came to her court to visit her mother, who worked for the Orleans Civil Sheriff at the time.
Douglas received her law degree from Loyola University New Orleans College of Law in 2000. She clerked for U.S. District Judge Ivan Lemelle in New Orleans, then joined Liskow & Lewis, one of the state’s largest law firms. She managed commercial litigation and intellectual property law for 13 years. She also served on the New Orleans Civil Service Commission and became a federal magistrate judge in New Orleans in 2019. | https://www.theadvocate.com/baton_rouge/news/politics/article_932224ec-0dd3-11ed-b2f1-cfcbb9713ef2.html | 2022-07-27T21:56:25Z | https://www.theadvocate.com/baton_rouge/news/politics/article_932224ec-0dd3-11ed-b2f1-cfcbb9713ef2.html | true |
GLEN ALLEN, Va. (AP) _ ASGN Incorporated (ASGN) on Wednesday reported second-quarter net income of $72.5 million.
On a per-share basis, the Glen Allen, Virginia-based company said it had profit of $1.41. Earnings, adjusted for one-time gains and costs, were $1.71 per share.
The results beat Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.67 per share.
The staffing company posted revenue of $1.14 billion in the period.
ASGN Inc shares have fallen 21% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $97.15, falling slightly 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 ASGN at https://www.zacks.com/ap/ASGN | https://www.seattlepi.com/business/article/ASGN-Inc-Q2-Earnings-Snapshot-17333225.php | 2022-07-27T21:56:44Z | https://www.seattlepi.com/business/article/ASGN-Inc-Q2-Earnings-Snapshot-17333225.php | false |
Encore: 'Into the Woods' returns to Broadway By Jeff Lunden Published July 27, 2022 at 3:54 PM CDT Facebook Twitter LinkedIn Email The concert version of Stephen Sondheim's Into the Woods moves to Broadway, with Sara Bareilles, Brian D'Arcy James and others. Copyright 2022 NPR | https://www.iowapublicradio.org/2022-07-27/encore-into-the-woods-returns-to-broadway | 2022-07-27T21:57:29Z | https://www.iowapublicradio.org/2022-07-27/encore-into-the-woods-returns-to-broadway | true |
Troopers: 4 children dead in Alaska after teen shoots 3 siblings, self
Published: Jul. 27, 2022 at 4:34 PM CDT|Updated: 23 minutes ago
FAIRBANKS, Alaska (KTVF/Gray News) - Alaska State Troopers announced four children were found dead at a home in Fairbanks.
A dispatch report obtained by KTVF states troopers received reports of shots fired at a home Tuesday evening.
When troopers arrived at the home, they found the four children dead from apparent gunshot wounds.
Investigators believe a 15-year-old shot three of his siblings before shooting himself.
Troopers said three other children in the home were uninjured, and the parents weren’t home at the time of the shooting.
The bodies were transported to the state medical examiner’s office, and troopers notified the Alaska Office of Children’s Services.
Copyright 2022 KTVF via Gray Media Group, Inc. All rights reserved. | https://www.wbrc.com/2022/07/27/troopers-4-children-dead-alaska-after-teen-shoots-3-siblings-self/ | 2022-07-27T21:57:45Z | https://www.wbrc.com/2022/07/27/troopers-4-children-dead-alaska-after-teen-shoots-3-siblings-self/ | false |
Deshaun Watson's first practice of training camp with the Browns was unusual: indoors, helmetless and brief. He did take snaps with the starters.
It's unclear if it will stay that way.
Cleveland's controversial quarterback practiced Wednesday as the Browns began preparing for the upcoming season still not knowing if Watson will be suspended by the NFL for violating its personal conduct policy.
Watson has been accused by two dozen massage therapists in Texas of sexual misconduct, and the three-time Pro Bowler faces possible punishment from league disciplinary officer Sue L. Robinson, who has been weighing his case for weeks.
There had been an expectation that Robinson, a retired judge who was jointly appointed by the league and NFL Players Association to handle player penalties, would render her decision before camp, but that didn't happen.
The 26-year-old Watson did not speak to the media on Day 1, when the Browns were forced to practice inside their field house because of rain.
Amid the uncertainty surrounding Watson's future, Browns coach Kevin Stefanski said the team has a plan in place for its quarterbacks and is ready to adapt depending on the length of any ban.
Sports
Stefanski reiterated that veteran backup Jacoby Brissett will be Cleveland's starting QB if Watson is suspended. For now, all four quarterbacks — Watson, Brissett, Josh Rosen and Josh Dobbs — will get work.
“Guys will rotate in there like we always do,” he said. “If you saw in spring, we rotated Deshaun and Jacoby as well, so that really doesn’t change. The truth is we have to get all of those guys ready to play.”
Stefanski conceded a suspension will force the Browns to adapt.
“We have a plan and we’ll see what information becomes available, but certainly more information may adjust what we’re doing,” he said.
While Browns fans may be anxious for a decision and frustrated it's taking so long, Stefanski said dealing with unpredictability is part of the job.
“We just deal with it. That’s kind of our mentality,” he said. "We’re going to deal with July 27th and then we’ll get to tomorrow and we’ll deal with tomorrow. That’s kind of how we operate.”
As Robinson's decision looms, the Browns, who are coming off a disappointing 8-9 season, are preparing for a 17-game stretch that will be altered dramatically if Watson can't play.
All-Pro defensive end Myles Garrett said expectations — for himself and the Browns — will stay intact whether Watson is eligible or not.
“It doesn’t change regardless how that situation works itself out, and we’re going to hold ourselves to a higher standard no matter what happens,” said Garrett, who set a team record with 16 sacks last season. "Our defense is going to do what we do. Last time I heard, they can’t win if they don’t score points.”
Even if he's suspended, Watson will be allowed to practice with the Browns, and Garrett said his presence should allow the team to build better chemistry than it had a year ago when close losses and receiver Odell Beckham Jr.'s messy release played a part in the team not being united.
“We move as if he will be or won’t be (on the field),” Garrett said ahead of practice. "You don’t really keep it in your mind like that. I mean he’s on the field with us right now. He will be on the field with us this season training and working out.
“He’s going to be in the weight room and he’s going to be interacting with us. He’s going to be with us for all intents and purposes.”
The Browns have dealt with uncertainty surrounding Watson almost since trading for him and signing him to a $230 million contract in March.
Second-year cornerback Greg Newsome II said Watson hasn't let his situation become a distraction or affect his new teammates.
“I feel like when we get in the building, he doesn’t carry himself like that anyway," Newsome said. "When he gets in this building, he’s worried about football and football only, so we’re going to worry about football and football only.
"We’ll let legal stuff pan out the way it’s supposed to pan out. We’ve kind of just got to focus on us getting ready for the season. Obviously, we hope D-Wat’s there Week 1, but if he’s not, we’ve got guys that are going to be able to step in and play right away.”
NOTES: Stefanski remains confident that starting RT Jack Conklin, still recovering from knee surgery in December, will be activated during camp. “He’s doing a really nice job. I want to highlight Jack," Stefanski said. “He lived here all spring, all summer. He may have had a cot set up somewhere in the building and has been working so hard. I notice it. His teammates notice it. He’s progressing.” … Stefanski also believes Pro Bowl CB Denzel Ward (foot) will be back sooner rather than later.
More AP NFL: https://apnews.com/hub/nfl and https://twitter.com/AP_NFL | https://www.nbcnewyork.com/news/sports/browns-open-camp-with-deshaun-watson-as-nfl-ruling-looms/3797829/ | 2022-07-27T21:58:42Z | https://www.nbcnewyork.com/news/sports/browns-open-camp-with-deshaun-watson-as-nfl-ruling-looms/3797829/ | false |
ATLANTA (AP) _ Piedmont Office Realty Trust Inc. (PDM) on Wednesday reported a key measure of profitability in its second quarter.
The Atlanta-based real estate investment trust said it had funds from operations of $61.6 million, or 50 cents per share, in the period.
Funds from operations is a closely watched measure in the REIT industry. It takes net income and adds back items such as depreciation and amortization.
The company said it had net income of $8 million, or 6 cents per share.
The commercial real estate investment trust, based in Atlanta, posted revenue of $136.3 million in the period.
Piedmont Office expects full-year funds from operations in the range of $1.99 to $2.05 per share.
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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 PDM at https://www.zacks.com/ap/PDM | https://www.sfgate.com/business/article/Piedmont-Office-Q2-Earnings-Snapshot-17333340.php | 2022-07-27T21:58:52Z | https://www.sfgate.com/business/article/Piedmont-Office-Q2-Earnings-Snapshot-17333340.php | true |
A grand jury in Lake County, Illinois, has returned 117 criminal counts against Robert E. Crimo III, the man accused of shooting into a crowd during a July 4th parade in Highland Park, killing seven people and injuring several others.
Crimo is charged with 21 counts of first-degree murder, three counts for each deceased victim.
He also is charged with 48 counts of attempted murder and 48 counts of aggravated battery with a firearm for each victim who was struck by a bullet, bullet fragment or shrapnel, a release from the Lake County State's Attorney's Office said.
CNN has reached out to Crimo's attorney for comment.
"I want to thank law enforcement and the prosecutors who presented evidence to the grand jury today. Our investigation continues, and our victim specialists are working around the clock to support all those affected by this crime that led to 117 felony counts being filed today," State's Attorney Eric Rinehart said in the release.
Crimo is expected to appear in person in court on August 3 for his arraignment, the release said.
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™ & © 2022 Cable News Network, Inc., a WarnerMedia Company. All rights reserved. | https://www.wlfi.com/news/national/highland-park-shooting-suspect-has-been-indicted-on-117-counts-by-a-grand-jury/article_936c66e7-7d5a-5c36-8c69-aa7def60360d.html | 2022-07-27T21:59:53Z | https://www.wlfi.com/news/national/highland-park-shooting-suspect-has-been-indicted-on-117-counts-by-a-grand-jury/article_936c66e7-7d5a-5c36-8c69-aa7def60360d.html | true |
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Current CFO and Board Member, Tom Casey, to Retire After Transition Period
SAN FRANCISCO, July 27, 2022 /PRNewswire/ -- LendingClub Corporation (NYSE: LC), the parent company of LendingClub Bank, America's leading digital marketplace bank, today announced that Drew LaBenne has been named LendingClub's next Chief Financial Officer (CFO). To ensure a seamless transition, he will assume the responsibilities on September 1, 2022, from current CFO, Tom Casey, who will be retiring but will continue to support LendingClub in a non-executive capacity through the end of 2022. Mr. Casey will also be retiring from LendingClub's Board of Directors.
As CFO, LaBenne will lead LendingClub's finance organization and financial activities including accounting, financial planning and analysis, treasury, tax, and investor relations.
"Drew has extensive retail and commercial banking experience at some of the largest and most well-respected banks in the world. He is also completely aligned with the multiple ways we can use technology to deliver better outcomes for consumers in managing their money," said LendingClub CEO, Scott Sanborn. "His acumen and experience make him uniquely qualified to help lead LendingClub as we combine the innovation of a fintech with the operating discipline of a digital bank."
Mr. LaBenne was previously the CFO of Bakkt (NYSE: BKKT), a digital asset marketplace. Prior to that he was CFO of Amalgamated Bank and Managing Director and CFO of JP Morgan Chase's Business Banking division. LaBenne also spent 17 years at Capital One Financial where he held numerous positions including CFO of Retail Banking and played a key role in growing the banking franchise.
"I have been watching LendingClub's ongoing and very successful transformation from afar since it became a national digital bank last year," added Mr. LaBenne. "The company is combining the best of both worlds – the growth and agility of a fintech with the profitability and resilience of a bank. I am excited to be joining a company that is redefining what banking can do for its customers."
LendingClub's current CFO and member of the Board of Directors, Tom Casey, will be retiring from both positions effective August 31, 2022, after a well-planned transition process. Sanborn added, "In his six years at the Club, Tom has captained our return to profitability and scale, helped our transformation to a digital bank, built an incredible finance model and organization and helped shape the strategy that the company will build on for many years to come. I would like to thank Tom both personally and on behalf of the company for his incredible contributions to LendingClub."
LendingClub Corporation (NYSE: LC) is the parent company of LendingClub Bank, National Association, Member FDIC. LendingClub Bank is the leading digital marketplace bank in the U.S., where members can access a broad range of financial products and services designed to help them pay less when borrowing and earn more when saving. Based on more than 150 billion cells of data and over $75 billion in loans, our advanced credit decisioning and machine-learning models are used across the customer lifecycle to expand seamless access to credit for our members, while generating compelling risk-adjusted returns for our loan investors. Since 2007, more than 4 million members have joined the Club to help reach their financial goals. For more information about LendingClub, visit https://www.lendingclub.com.
CONTACT:
For Investors: IR@lendingclub.com
Media Contact: Press@lendingclub.com
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SOURCE LendingClub Corporation | https://www.cleveland19.com/prnewswire/2022/07/27/lendingclub-names-drew-labenne-new-chief-financial-officer/ | 2022-07-27T22:00:18Z | https://www.cleveland19.com/prnewswire/2022/07/27/lendingclub-names-drew-labenne-new-chief-financial-officer/ | false |
RICHMOND, Va., July 27, 2022 /PRNewswire/ -- Dominion Energy, Inc. (NYSE: D), announced today that it will redeem for cash all outstanding shares of its Series A Cumulative Perpetual Convertible Preferred Stock (CUSIP Numbers 25746U 810 and 25746U DN6) (the Series A Preferred Stock) on Sept. 1, 2022 (the Redemption Date), at a price of $1,000 per share, which is equal to the Series A Preferred Stock's per share liquidation preference.
A regular quarterly dividend on the Series A Preferred Stock of $4.375 per share will be paid separately on Sept. 1, 2022, to holders of record as of the close of business on Aug. 15, 2022 (the Record Date), in the customary manner. Accordingly, the redemption price for the Series A Preferred Stock does not include any accumulated and unpaid dividends. Unless Dominion Energy defaults in making payment of the redemption price, dividends on the Series A Preferred Stock will cease to accumulate on and after the Redemption Date. Following the redemption, no shares of Series A Preferred Stock will remain outstanding.
Shares of Series A Preferred Stock may be converted by holders at any time prior to the close of business on Aug. 31, 2022, which is the business day immediately preceding the Redemption Date, in accordance with Section IIIA(9) of Dominion Energy's articles of incorporation. Dominion Energy has elected that the settlement method for the conversion of any shares of Series A Preferred Stock will be cash settlement as described in Section IIIA(9) of Dominion Energy's articles of incorporation. The amount of cash per share of Series A Preferred Stock to be paid to any converting holder will be determined based on the conversion rate of the Series A Preferred Stock and the daily volume weighted average price of Dominion Energy's common stock during a 20 consecutive trading day observation period beginning on, and including, the 21st scheduled trading day immediately preceding the Redemption Date. The current, as adjusted conversion rate for the Series A Preferred Stock is 11.2842 shares of common stock per share of Series A Preferred Stock. Any conversion of shares of Series A Preferred Stock will settle on Sept. 1, 2022.
Under the terms of the Series A Preferred Stock, any shares of Series A Preferred Stock converted after the close of business on the Record Date will be entitled to receive the regular quarterly dividend on the Series A Preferred Stock payable on Sept. 1, 2022, to the holder of such shares as of the close of business on the Record Date. Shares of Series A Preferred Stock converted prior to the close of business on the Record Date will not be entitled to any cash payment for accumulated and unpaid dividends.
All shares of Series A Preferred Stock are held through The Depository Trust Company (DTC) under either CUSIP Number 25746U 810 or CUSIP Number 25746U DN6 and will be redeemed or converted in accordance with DTC's customary procedures. The notice of redemption to be provided to DTC may include additional information concerning the redemption and the Series A Preferred Stock.
The paying agent and conversion agent for the Series A Preferred Stock is:
Broadridge Corporate Issuer Solutions, Inc.
51 Mercedes Way
Edgewood, NY 11717
This press release does not constitute a notice of redemption, and holders of the Series A Preferred Stock will receive an official notice of redemption in accordance with the terms of the Series A Preferred Stock as set forth in Article IIIA of Dominion Energy's articles of incorporation, which will also be issued today.
About 7 million customers in 14 states energize their homes and businesses with electricity or natural gas from Dominion Energy (NYSE: D), headquartered in Richmond, Va. The company is committed to sustainable, reliable, affordable and safe energy and to achieving net zero carbon dioxide and methane emissions from its power generation and gas infrastructure operations by 2050.
This release contains certain forward-looking statements with respect to the anticipated redemption of the company's Series A Cumulative Perpetual Convertible Preferred Stock. Factors that could cause actual events or results to differ from those included in these statements, include, but are not limited to, the company having funds legally available for the redemption at the time of the redemption as required by Virginia law and under the terms of the Series A Preferred Stock, which could be adversely affected by a material adverse change in the company's business and financial position. The company's business and financial position may be materially affected by a number of factors that are identified in its Forms 10-K and 10-Q filed with the Securities and Exchange Commission. The company refers you to those discussions for further information. Any forward-looking statement speaks only as of the date on which it is made, and the company undertakes no obligation to update any forward-looking statement to reflect events or circumstances occurring after the date on which it is made.
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SOUDERTON, Pa. (AP) _ Univest Corp. of Pennsylvania (UVSP) on Wednesday reported net income of $13.2 million in its second quarter.
The bank, based in Souderton, Pennsylvania, said it had earnings of 45 cents per share.
The holding company for Univest Bank and Trust Co. posted revenue of $75.7 million in the period. Its revenue net of interest expense was $70.5 million, topping Street forecasts.
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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 UVSP at https://www.zacks.com/ap/UVSP | https://www.sfgate.com/business/article/Univest-Q2-Earnings-Snapshot-17333283.php | 2022-07-27T22:00:34Z | https://www.sfgate.com/business/article/Univest-Q2-Earnings-Snapshot-17333283.php | false |
LOS ANGELES (AP) — Tony Dow, big brother Wally on 'Leave It to Beaver,' dies at 77.
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SYDNEY (AP) — Nancy Pelosi hasn’t said if she’s going to Taiwan, but if she does she’d be entering one of the world’s hottest and most contentious spots. While U.S. officials say they have little fear that Beijing would attack the U.S. House speaker’s plane, they are aware that a mishap, misstep or misunderstanding could endanger her safety. So the Pentagon is developing plans for any contingency.
Officials told The Associated Press that if Pelosi goes to Taiwan — still an uncertainty — the military would increase its movement of forces and assets in the Indo-Pacific region. They declined to provide details, but said that fighter jets, ships, surveillance assets and other military systems would likely be used to provide overlapping rings of protection for her flight to Taiwan and any time on the ground there.
Any foreign travel by a senior U.S. leader requires additional security. But officials said this week that a visit to Taiwan by Pelosi — she would be the highest-ranking U.S. elected official to visit Taiwan since 1997 — would go beyond the usual safety precautions for trips to less risky destinations.
Asked about planned military steps to protect Pelosi, D-Calif., in the event of a visit, U.S. Gen. Mark Milley, chairman of the Joint Chiefs of Staff, said Wednesday that discussion of any specific travel is premature. But, he added, “if there’s a decision made that Speaker Pelosi or anyone else is going to travel and they asked for military support, we will do what is necessary to ensure a safe conduct of their visit. And I’ll just leave it at that.”
Pelosi would be the highest-ranking American lawmaker to visit the close U.S. ally since a predecessor as speaker, Newt Gingrich, R-Ga., traveled there 25 years ago.
China considers self-ruling Taiwan its own territory and has raised the prospect of annexing it by force. The U.S. maintains informal relations and defense ties with Taiwan even as it recognizes Beijing as the government of China.
The trip is being considered at a time when China has escalated what the U.S. and its allies in the Pacific describe as risky one-on-one confrontations with other militaries to assert its sweeping territorial claims. The incidents have included dangerously close fly-bys that force other pilots to swerve to avoid collisions, or harassment or obstruction of air and ship crews, including with blinding lasers or water cannon.
Dozens of such maneuvers have occurred this year alone, Ely Ratner, U.S. assistant defense secretary, said Tuesday at a South China Sea forum by the Center for Strategic and International Studies. China denies the incidents.
The U.S. officials, who spoke on the condition of anonymity to discuss sensitive security issues, described the need to create buffer zones around the speaker and her plane. The U.S. already has substantial forces spread across the region, so any increased security could largely be handled by assets already in place.
The military would also have to be prepared for any incident — even an accident either in the air or on the ground. They said the U.S. would need to have rescue capabilities nearby and suggested that could include helicopters on ships already in the area.
Pelosi has not publicly confirmed any new plans for a trip to Taiwan. She was going to go in April, but she postponed the trip after t esting positive for COVID-19.
The White House on Monday declined to weigh in directly on the matter, noting she had not confirmed the trip. But President Joe Biden last week raised concerns about it, telling reporters that the military thinks her trip is “not a good idea right now.”
A Pelosi trip may well loom over a call planned for Thursday between Biden and Chinese President Xi Jinping, their first conversation in four months. A U.S. official confirmed plans for the call to The Associated Press on the condition of anonymity ahead of the formal announcement.
U.S. officials have said the administration doubts that China would take direct action against Pelosi herself or try to sabotage the visit. But they don’t rule out the possibility that China could escalate provocative overflights of military aircraft in or near Taiwanese airspace and naval patrols in the Taiwan Strait should the trip take place. And they don’t preclude Chinese actions elsewhere in the region as a show of strength.
Security analysts were divided Tuesday about the extent of any threat during a trip and the need for any additional military protection.
The biggest risk during Pelosi’s trip is of some Chinese show of force “gone awry, or some type of accident that comes out of a demonstration of provocative action,” said Mark Cozad, acting associate director of the International Security and Defense Policy Center at the Rand Corp. “So it could be an air collision. It could be some sort of missile test, and, again, when you’re doing those types of things, you know, there is always the possibility that something could go wrong.”
Barry Pavel, director of the Scowcroft Center for Strategy and Security at the Atlantic Council, scoffed at U.S. officials’ reported consideration of aircraft carriers and warplanes to secure the speaker’s safety. “Obviously, the White House does not want the speaker to go and I think that’s why you’re getting some of these suggestions.”
“She’s not going to go with an armada,” Pavel said.
They also said that a stepped-up U.S. military presence to safeguard Pelosi risked raising tensions.
“It is very possible that … our attempts to deter actually send a much different signal than the one we intend to send,” Cozad said. “And so you get into … some sort of an escalatory spiral, where our attempts to deter are actually seen as increasingly provocative and vice versa. And that can be a very dangerous dynamic.”
On Wednesday, China’s Foreign Ministry declined to comment on the presidential phone call. However, spokesperson Zhao Lijian reiterated China’s warnings over a Pelosi visit. “If the U.S. insists on going its own way and challenging China’s bottom line, it will surely be met with forceful responses,” Zhao told reporters at a daily briefing. “All ensuing consequences shall be borne by the U.S.”
Milley said this week that the number of intercepts by Chinese aircraft and ships in the Pacific region with U.S. and other partner forces has increased significantly over the past five years. He said Beijing’s military has become far more aggressive and dangerous, and that the number of unsafe interactions has risen by similar proportions.
Those include reports of Chinese fighter jets flying so close to a Canadian air security patrol last month that the Canadian pilot had to swerve to avoid collision, and another close call with an Australian surveillance flight in late May in which the Chinese crew released a flurry of metal scraps that were sucked into the other plane’s engine.
U.S. officials say that the prospects of an intercept or show of force by Chinese aircraft near Pelosi’s flight raises concerns, prompting the need for American aircraft and other assets to be nearby.
The U.S. aircraft carrier USS Ronald Reagan and its strike group is currently operating in the western Pacific, and made a port call in Singapore over the weekend. The strike group involves at least two other Navy ships and Carrier Air Wing 5, which includes F/A-18 fighter jets, helicopters and surveillance aircraft.
Prior to pulling into port in Singapore, the strike group was operating in the South China Sea. In addition, another Navy ship, the USS Benfold, a destroyer, has been conducting freedom of navigation operations in the region, including a passage through the Taiwan Strait last week.
___
Knickmeyer reported from Washington. | https://www.cbs42.com/news/politics/ap-politics/us-military-making-plans-in-case-pelosi-travels-to-taiwan/ | 2022-07-27T22:03:41Z | https://www.cbs42.com/news/politics/ap-politics/us-military-making-plans-in-case-pelosi-travels-to-taiwan/ | false |
(The Hill) – The Department of Justice’s (DOJ) apparent new focus on Donald Trump in its Jan. 6 investigation presents prosecutors with multiple possible paths to an indictment, as sketched out by the House select committee’s own investigation into the former president’s White House and outside allies.
In recent days, federal prosecutors have reportedly obtained phone records from former White House chief of staff Mark Meadows, secured cooperation from the committee’s star witness, Cassidy Hutchinson, and questioned two of former Vice President Mike Pence’s top aides before a grand jury.
The department’s new line of inquiry will give it an opportunity to corroborate the select committee’s evidence and fill in the remaining gaps in the lawmakers’ case against Trump.
Jeff Robbins, a former federal prosecutor and congressional investigative counsel, said he believes the committee’s hearings have likely prompted the renewed DOJ efforts by presenting a persuasive public case against Trump.
“It’s probably not coincidental that there seems to be an uptick in DOJ activity either aimed at the former president or encompassing the former president’s conduct after these hearings,” Robbins said. “I don’t think the circumstances are the same as they were several months ago, because the entire country has seen so much evidence of criminal intent.”
The Washington Post reported new details about the Justice Department’s focus on Tuesday. According to the report, prosecutors have asked grand jury witnesses for information about their conversations with Trump and the former president’s conduct around the Jan. 6, 2021, attack.
The focus has been on Trump’s effort to pressure Pence into obstructing Congress’s certification of the Electoral College results and a scheme to present a slate of fake electors who would have cast their “votes” for the former president to override results in key states President Biden won.
Those two areas have also been the subject of select committee hearings over the summer, in which lawmakers alleged that Trump’s legal advisers knew the schemes were likely illegal yet pushed ahead with them anyways.
Members of the select committee have said their evidence supports charging Trump with obstruction of an official proceeding — a felony charge that carries a maximum sentence of 20 years in prison and has been used against hundreds of rioters charged in the aftermath of the attack.
According to the Post, the DOJ is pursuing lines of inquiry that could lead them to weighing such charges against Trump as well as those involving conspiracy to defraud the U.S.
Even seditious conspiracy charges, which have been brought against members of the Proud Boys and Oath Keepers, are reportedly under consideration, though experts warn the DOJ may ultimately be hesitant to bring such a weighty case.
And some observers say the select committee has supplied ample evidence that would overcome the significant legal hurdles any potential prosecution would have to overcome.
One of the hearings’ main achievements, Robbins said, was providing a “mountain” of evidence that could be used to show Trump acted with corrupt intent to overturn the election, a major threshold for prosecutors in any potential case that he conspired to obstruct or defraud government proceedings. He said the DOJ’s ability to secure cooperation by flipping potential witnesses, a tool that the select committee lacks, would likely be the next course of action for prosecutors.
“There are going to be people who were privy to these discussions with the former president who have a much more powerful incentive to cooperate with the Department of Justice than they did to testify before the committee,” Robbins said. “I assume that process is underway.”
Danya Perry, a former federal prosecutor, said the committee has already provided much of the evidence that would be needed to back charges for obstructing a proceeding.
“We’ve seen already that every single credible adviser — legal, political, familial and otherwise — to the former president was telling him that he had lost the election and there was no proof of fraud. Whether he willfully ignored that, or simply didn’t care, he objectively would have understood those facts. And I think there’s some direct evidence that he did,” she said.
But she thinks perhaps the strongest case Attorney General Merrick Garland and the DOJ would be able to make revolves around the fake elector scheme, pointing to reporting from The New York Times on Monday detailing emails from campaign staff that referred to their plans to send “fake” certificates.
“The fake electors is just something that lay people can understand better. If you have literally a competing set of electors that we now heard were actually called fake by the conspirators or by the schemers, that’s just something you put in front of a jury of citizens and they see that and they say, ‘Yeah, I understand that, I can wrap my mind around that,’ ” she said.
“Anyone who tries to circumvent the rules on the books and tries to do that by deceit and fraud and does us the favor of calling it fake — anyone in that position should be convicted of fraud.”
The DOJ has done little to tip its hand to the committee even as it asks for evidence from them, with Rep. Pete Aguilar (D-Calif.) telling reporters Wednesday that “the last request was, you know, all 1,000 interviews” they’ve done.
The panel and the DOJ are in the process of negotiating what form information sharing might take, though Rep. Bennie Thompson (D-Miss.), the panel’s chairman, has insisted that any review involve an “in-camera” session where prosecutors could look at, but not take, any of the depositions.
“We’ve spoken a lot about accountability, and in order for there to be true accountability, the Department of Justice may have to act,” Aguilar said, “but that’s not our job.”
Perry said if the DOJ does move to charge Trump, the decision will be made by the “ponderous, deliberate, methodical attorney general that we have.”
“Obviously Garland and the line prosecutors are going to be very reticent about filing any charges that seem overly ambitious or aggressive. This is one where they’re going to need to feel they are on as solid of ground as possible,” she said.
“They’re going to want to make sure they cannot just support an indictment but sustain a conviction, and obviously the standard for that is beyond a reasonable doubt, but here I think they’re going to assign themselves with a higher burden of proof than exists in the charging instructions the jury will get.”
Mychael Schnell contributed. | https://www.binghamtonhomepage.com/news/national-news/doj-has-multiple-possible-paths-to-trump-indictment-heres-what-it-could-look-like/ | 2022-07-27T22:03:42Z | https://www.binghamtonhomepage.com/news/national-news/doj-has-multiple-possible-paths-to-trump-indictment-heres-what-it-could-look-like/ | false |
Texas' "trigger" law, which raises the penalty for performing abortions, is set to go into effect on Aug. 25, after the U.S. Supreme Court formally issued its judgement overturning Roe v. Wade on Tuesday.
"Trigger" laws only take effect when certain events occur, in this case the law required a judgement overturning Roe, which had established a constitutional right to abortion at the federal level, or a case establishing states' right to regulate abortion.
The so-called trigger law will establish civil and criminal penalties for performing banned abortions and prohibit nearly all abortions, with few exceptions including cases where a pregnancy poses a risk of death or serious impairment of a pregnant woman. The law will not apply to individuals seeking or attempting abortions, according to the law's documentation.
The law criminalizes any attempt by a medical professional to perform, induce or attempt an abortion, making it a second-degree felony. However, if the pregnancy is successfully aborted, the offense becomes a first-degree felony, according to the law.
According to the Texas Penal Code, the punishment for a first-degree penalty could be up to life in prison and a fine of up to $10,000. The penalty for a second-degree felony is up to 20 years in prison and a fine of up to $10,000.
The law also states that the Texas attorney general "shall file an action" seeking civil damages for those who perform abortions of no less than $100,000 per abortion performed, in addition to the possibility of requesting attorneys' fees and costs incurred.
Any physician or provider who attempts, performs or induces an abortion could also have their medical license revoked. Medical licenses are regulated at the state level, not by the federal government.
While the court had released its opinion overturning Roe in June, it formally issued its judgement in the case of Dobbs v. Jackson Women's Health on Tuesday, allowing so-called trigger laws in states, including Texas, to take effect.
The Texas "trigger" law, passed in September 2021, will go into effect 30 days after the Supreme Court issued its judgement, according to the Texas State Law Library.
Another Texas law in place, called SB8, places a near-total ban on abortions at 6 weeks and allows people to sue anyone who "aids or abets" an illegal abortion, to collect a bounty of at least $10,000.
Idaho and Tennessee also previously enacted laws that would ban nearly all abortions 30 days after the Supreme Court issues its judgment overturning Roe.
At least 13 states have ceased nearly all abortion services. Alabama, Arkansas, Mississippi, Missouri, Oklahoma, South Dakota and Texas have near-total bans. Abortion providers in Arizona and Wisconsin have suspended abortion services due to confusion over the law. Georgia, Ohio, South Carolina and Tennessee have banned abortions after embryonic cardiac activity is detected -- which is generally around six weeks -- before many women know they are pregnant.
Earlier this month, Texas' attorney general sued President Joe Biden's administration after it issued an executive order telling doctors to perform abortions in medical emergencies.
-ABC News' Devin Dwyer and Ely Brown contributed to this report. | https://abcnews.go.com/US/texas-abortion-trigger-law-allowing-criminal-civil-penalties/story?id=87485720 | 2022-07-27T22:03:56Z | https://abcnews.go.com/US/texas-abortion-trigger-law-allowing-criminal-civil-penalties/story?id=87485720 | true |
HENDERSON, Colo. (AP) _ MYR Group Inc. (MYRG) on Wednesday reported second-quarter net income of $19.7 million.
On a per-share basis, the Henderson, Colorado-based company said it had profit of $1.15.
The electrical construction services provider posted revenue of $708.1 million in the period.
_____
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on MYRG at https://www.zacks.com/ap/MYRG | https://www.seattlepi.com/business/article/MYR-Q2-Earnings-Snapshot-17333196.php | 2022-07-27T22:03:58Z | https://www.seattlepi.com/business/article/MYR-Q2-Earnings-Snapshot-17333196.php | false |
NEW YORK, July 27, 2022 /PRNewswire/ --
If you own shares in any of the companies listed above and
would like to discuss our investigations or have any questions concerning
this notice or your rights or interests, please contact:
Joshua Rubin, Esq.
Weiss Law
305 Broadway, 7th Floor
New York, NY 10007
(212) 682-3025
(888) 593-4771
stockinfo@weisslawllp.com
Unity Software Inc. (NYSE: U)
Weiss Law is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Unity Software Inc. (NYSE: U) in connection with U's proposed merger with ironSource Ltd. ("ironSource"). Under the merger agreement, U will acquire each ironSource share for 0.1089 of a U common share, leaving U shareholders owning approximately 73.5% and ironSource shareholders owning approximately 26.5% of the combined company upon closing of the transaction. If you own U shares and wish to discuss this investigation or your rights, please call us at one of the numbers listed above or visit our website: https://www.weisslaw.co/news-and-cases/u
VAALCO Energy, Inc. (NYSE: EGY)
Weiss Law is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of VAALCO Energy, Inc. (NYSE: EGY), in connection with EGY's proposed acquisition of TransGlobe Energy Corporation ("TransGlobe"). Under the merger agreement, EGY will acquire each TransGlobe share for 0.6727 of an EGY common share, leaving EGY shareholders owning approximately 54.5% and TransGlobe shareholders owning approximately 45.5% of the combined company upon closing of the transaction. If you own EGY shares and wish to discuss this investigation or your rights, please call us at one of the numbers listed above or visit our website: https://www.weisslaw.co/news-and-cases/egy
One Medical (NASDAQ: ONEM)
Weiss Law is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of One Medical (NASDAQ: ONEM) in connection with the proposed acquisition of ONEM by Amazon.com, Inc. Under the terms of the merger agreement, ONEM shareholders will receive $18.00 in cash for each share of ONEM common stock owned. If you own ONEM shares and wish to discuss this investigation or your rights, please call us at one of the numbers listed above or visit our website: https://www.weisslaw.co/news-and-cases/onem-1
Hanger, Inc. (NYSE: HNGR)
Weiss Law is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Hanger, Inc. (NYSE: HNGR), in connection with the proposed acquisition of HNGR by Patient Square Capital. Under the terms of the merger agreement, HNGR shareholders will receive $18.75 in cash for each share of HNGR common stock owned. If you own HNGR shares and wish to discuss this investigation or your rights, please call us at one of the numbers listed above or visit our website: https://www.weisslaw.co/news-and-cases/hngr
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BRUSSELS (AP) — The European Union’s commissioner for health is urging the bloc’s governments to step up their efforts to tackle the expanding monkeypox outbreak in the region, which she says is “the epicenter of detected cases.”
In a letter to the EU’s 27 health ministers obtained by The Associated Press, EU Health Commissioner Stella Kyriakides called Wednesday for a “reinforced, concerted and coordinated action.”
“There is no time for complacency and we need to continue working together to control the outbreak,” she wrote.
Last week, the World Health Organization declared the monkeypox outbreak a global emergency. It is WHO’s highest level of alert but the designation does not necessarily mean a disease is particularly transmissible or lethal. Similar declarations were made for the Zika virus in 2016 in Latin America and the ongoing effort to eradicate polio, in addition to the COVID-19 pandemic and the 2014 Ebola outbreak in West Africa.
Kyriakides said the bloc’s priorities at this stage must include stepping up the identification and reporting of cases and preventing the spread of infection.
The European Commission, the bloc’s executive arm, has secured the purchase of 160,000 doses of vaccines for the disease and Kyriakides said two joint procurement procedures are in preparation for the purchase of further jabs and the antiviral drug Tecovirimat.
Although monkeypox has been established in parts of central and west Africa for decades, it was not known to spark large outbreaks beyond the continent or to spread widely among people until May, when authorities detected dozens of outbreaks in Europe, North America and elsewhere.
According to the U.S. Centers for Disease Control and Prevention, more than 16,000 cases of monkeypox have been reported in 74 countries since about May. To date, monkeypox deaths have only been reported in Africa, where a more dangerous version of the virus is spreading, mainly in Nigeria and Congo.
WHO’s top monkeypox expert, Dr. Rosamund Lewis, said that 99% of all the monkeypox cases beyond Africa were in men and that of those, 98% involved men who have sex with men.
While Kyriakides encouraged EU ministers to intensify their public risk communication with the risk groups, she said the particular group of men that have sex with men “should not be targeted, victimized or marginalized because of the outbreak.” | https://www.wivb.com/news/health-news/eu-health-commissioner-urges-reinforced-monkeypox-action/ | 2022-07-27T22:04:38Z | https://www.wivb.com/news/health-news/eu-health-commissioner-urges-reinforced-monkeypox-action/ | false |
BERLIN (AP) — More than 1,000 Lufthansa flights were canceled Wednesday because of a one-day strike by the airline’s German ground staff, affecting tens of thousands of passengers in the latest travel turmoil to hit Europe.
About 134,000 passengers had to change their travel plans or cancel them altogether. At least 47 connections were canceled Tuesday, German news agency dpa reported.
Lufthansa’s main hubs in Frankfurt and Munich were most affected, but flights were also canceled in Duesseldorf, Hamburg, Berlin, Bremen, Hannover, Stuttgart and Cologne.
The airline advised affected passengers not to go to airports because most service counters would be unstaffed. Airport terminals were unusually empty during the early morning hours, but people lined up at ticket counters later trying to find replacements for their canceled flights, dpa reported.
Many of the stranded passengers had arrived in Germany from abroad to find out that their connecting flights were grounded due to the walkout.
At Frankfurt airport, 725 of 1,160 scheduled flights were canceled for the day, according to a spokesperson for airport operator Fraport. Flights operated by other airlines, which are usually supported by Lufthansa ground staff, were also affected, dpa reported.
Flights operated by Lufthansa Group companies such as Swiss International Air Lines, Austrian Airlines, Brussels Airlines and Italian regional airline Air Dolomiti were also canceled. In addition, planes from Croatia Airlines, United Airlines, Air Canada and Poland’s LOT were unable to take off, dpa reported.
The ver.di service workers’ union announced the strike Monday as it seeks to raise pressure on Lufthansa in pay negotiations for about 20,000 employees of logistical, technical and cargo divisions of the airline.
“Lufthansa did not make an adequate offer in the first two rounds” of negotiations, a union spokesperson, Dennis Dacke, said Wednesday.
“It is time for the employees to express their opinion now before the third round of negotiations,” Dacke said. “This is a ‘warning strike,’ and the effects are visible. We hope that Lufthansa will not provoke another one in the future.”
Lufthansa spokesperson Martin Leutke criticized the strikes as harmful.
“People who wanted to travel, who planned vacations for a long time, who waited for vacations, had these vacation dreams unfortunately postponed … maybe even destroyed by the strike,” Leutke told reporters in Frankfurt. “This strike is completely unnecessary. It is also completely exaggerated.”
Airports in Germany and across Europe were already seeing disruption and long lines for security checks because of staff shortages and soaring travel demand.
As inflation soars, strikes for higher pay by airport crews in France and Scandinavian Airlines pilots in Sweden, Norway and Denmark have deepened the disruption. Travelers have faced last-minute cancellations, lengthy delays, lost luggage or long waits for bags in airports across Europe.
Travel is booming this summer after two years of COVID-19 restrictions, swamping airlines and airports that don’t have enough workers after pandemic-era layoffs. Airports like London’s Heathrow and Amsterdam’s Schiphol have limited daily flights or passenger numbers.
The Lufthansa strike started Wednesday at 3:45 a.m. local time and is set to end Thursday at 6 a.m.
Ver.di is calling for a 9.5% pay increase this year and says an offer by Lufthansa earlier this month, which would involve a deal for an 18-month period, fell far short of its demands. | https://www.wric.com/business/us-world-business/over-1000-lufthansa-flights-canceled-as-staff-strikes/ | 2022-07-27T22:05:04Z | https://www.wric.com/business/us-world-business/over-1000-lufthansa-flights-canceled-as-staff-strikes/ | true |
Wife shoots husband after allegations he molested kids at the daycare she owns, police say
BALTIMORE (WJZ) – A retired Baltimore police officer remains hospitalized after authorities say his wife shot him to get justice for the children he is accused of molesting at her daycare.
According to court documents, Shanteari Weems shot James Weems Jr. after she learned of allegations that he molested at least three children at Lil Kidz Kastle, the daycare that she owns.
James Weems Jr., 57, retired from the Baltimore Police Department in 2005, but has worked at the daycare as a bus driver for at least two years.
Court documents say that Shanteari Weems reported the abuse to police, but kept getting calls from parents. That’s when she confronted her husband about the alleged abuse shortly after the two checked into the upscale Mandarin Oriental Hotel in Washington, D.C. last Thursday.
Police said Shanteari Weems told officers the argument got heated, saying her husband rushed toward her and she shot him.
Baltimore County Police Spokeswoman Joy Lepola-Stewart said James Weems Jr. remains hospitalized in Washington, D.C. pending extradition. Authorities have issued a warrant for his arrest and said he will face multiple charges in relation to the reported child sex abuse.
Shanteari Weems was taken into custody after a standoff at the hotel. She faces multiple charges including assault with intent to kill and possession of an unregistered firearm, among other counts.
Police said officers found Shanteari Weems’ notebook with details on her plan to shoot her husband, along with an informal will. Officers said the notebook revealed that Shanteari Weems did not want to kill her husband, just hurt him, to get justice for the children.
Kathy Scherr, who works nearby the daycare, said the whole situation is horrible, but expressed sympathy for Shanteari Weems.
“I mean everyone knows she shouldn’t have taken the law into her own hands, but you didn’t have your life upended,” Scherr said. “Her whole entire business is gone. Her reputation is gone. Her marriage is gone. Those kids are hurt. She obviously cared about them. So, who knows if it was one of us what you’d be driven to [do].”
Supporters of Shanteari Weems are using the #freeshanteari hashtag online, with some even calling her a hero.
Supporters also packed the courtroom Monday where Shanteari Weems’ initial hearing was postponed. She is now due in court on Friday.
Activist Qiana Johnson said Shanteari Weems is not to blame.
“She’s made complaints to the proper authorities before. Her cries for help had went unanswered,” Johnson said. “Our government did not keep her or the children in the situation safe.”
The daycare has been shut down in recent days amid the investigation.
Copyright 2022 WJZ via CNN Newsource. All rights reserved. | https://www.wlbt.com/2022/07/27/wife-shoots-husband-after-allegations-he-molested-kids-daycare-she-owns-police-say/ | 2022-07-27T22:05:51Z | https://www.wlbt.com/2022/07/27/wife-shoots-husband-after-allegations-he-molested-kids-daycare-she-owns-police-say/ | false |
The Milwaukee Bucks unveiling their new “Fear The Deer” Statement Edition uniforms for this upcoming season.
This is the 3rd version of the Bucks “Fear the Deer” series. The first edition was released in 2015. The uniform features the same black base color but with new cream-colored antlers on the side of both the jersey and shorts.
” …Giving the appearance of a buck with its head down charging toward an opponent,” the Bucks press release read. | https://wtmj.com/news/2022/07/27/milwaukee-bucks-unveil-new-statement-edition-uniforms/ | 2022-07-27T22:05:42Z | https://wtmj.com/news/2022/07/27/milwaukee-bucks-unveil-new-statement-edition-uniforms/ | true |
VANCOUVER, BC, July 27, 2022 /PRNewswire/ - West Fraser Timber Co. Ltd. ("West Fraser" or the "Company") (TSX and NYSE: WFG) reported today the second quarter results of 2022 ("Q2 2022"). All dollar amounts in this news release are expressed in U.S. dollars unless noted otherwise.
- Sales of $2.887 billion and earnings of $762 million, or $7.59 per diluted share
- Adjusted EBITDA1 of $1,124 million, representing 39% of sales
- Lumber segment Adjusted EBITDA1 of $449 million
- North America Engineered Wood Products ("NA EWP") segment Adjusted EBITDA1 of $623 million
- Pulp & Paper segment Adjusted EBITDA1 of negative $3 million
- Europe Engineered Wood Products ("Europe EWP") segment Adjusted EBITDA1 of $54 million
- Returned $1.475 billion of capital to shareholders through the repurchase of approximately 16.0 million West Fraser common shares
"West Fraser generated strong financial results again in the second quarter of 2022, supporting the return of more than $1.5 billion of capital to shareholders through share repurchases and our quarterly dividend," said Ray Ferris, West Fraser's President & CEO. "The acute transportation challenges facing the company in recent quarters showed signs of improvement in the second quarter, in large part because of the dedication and determination of our people. Even so, our ability to ship products in a timely manner to meet the demands of our customers is not where it needs to be and therefore transportation and logistics remain key focus areas for the company. Inflationary cost pressures persist across our various supply chains, although an environment of strong demand and above-average product pricing has helped to absorb most of these cost increases. And while we recognize the risks of near-term macro headwinds, including rising mortgage rates and elevated energy prices, we also note that demand for our products has been resilient, and we continue to see favourable long-term market fundamentals in support of our wood building products business."
"In 2021, we took important steps toward becoming a sustainability leader, and today we are sharing our progress with the release of our 2021 Sustainability Report," said Ferris. "We understand the importance, and necessity, of doing the right thing for the environment, our communities and our employees while sustainably and profitably growing our business. We are proud of our past, but even more excited about our future."
Second quarter sales were $2.887 billion, compared to $3.110 billion in the first quarter of 2022. Second quarter earnings were $762 million, or $7.59 per diluted share, compared to $1,090 million, or $10.25 per diluted share in the first quarter of 2022. Second quarter Adjusted EBITDA1 was $1,124 million compared to $1,592 million in the first quarter of 2022.
Cash and short-term investments decreased to $1.281 billion at June 30, 2022 from $1.568 billion at December 31, 2021.
Capital expenditures in the second quarter were $88 million.
We paid $26 million of dividends in the second quarter and announced an increase to our quarterly dividend for the dividend to be paid in the third quarter, raising it to $0.30 per share from $0.25 per share.
In the second quarter of 2022, we repurchased 4,120,222 million shares under our Normal Course Issuer Bid ("NCIB") for aggregate consideration of $329 million. As of July 26, 2022, 7,197,924 million shares have been repurchased under the current NCIB, leaving 2,996,076 million shares available to purchase at our discretion until the expiry of the NCIB.
We completed a substantial issuer bid ("SIB") in the second quarter of 2022 and a total of 11,898,205 common shares were taken up and purchased for cancellation at a price of $95.00 per share for an aggregate purchase price of $1.13 billion.
As of July 26, 2022, we have repurchased for cancellation 36,745,718 of the Company's Common shares since the closing of the Norbord acquisition on February 1, 2021 through the completion of the 2021 SIB and the 2022 SIB as well as normal course issuer bids, equalling 67% of the shares issued in respect of the Norbord Acquisition.
Markets
Several key trends that have served as positive drivers in recent years are expected to continue to support medium- and longer-term demand for new home construction in North America.
The most significant uses for our North America lumber, OSB and wood panel products are residential construction, repair and remodelling and industrial applications. Over the medium-term, we expect that an aging housing stock, lagging completions of previously started new home construction and greater acceptance of work-from-home practices may offset near-term headwinds and drive repair and renovation spending that supports lumber, plywood and OSB demand. Over the longer-term, growing market penetration of mass timber in industrial and commercial applications is also expected to become a more significant demand growth driver for wood building products in North America.
The seasonally adjusted annualized rate of U.S. housing starts averaged 1.56 million units in June 2022, with permits issued averaging 1.69 million units, according to the U.S. Census Bureau. However, demand for new home construction and for our wood building products may be reduced in the near-term should interest rates continue to rise and consumer sentiment and housing affordability continue to be impacted.
The demand for our European products is also expected to remain robust over the longer-term as use of OSB as an alternative to plywood continues to grow, and an aging housing stock supports long-term repair and renovation spending and additional demand for our wood building products. While near-term challenges, including rising interest rates, ongoing geopolitical developments and inflationary pressures akin to those we are seeing in North America may cause a temporary slowing of demand for our products in Europe, we are confident that we will be able to navigate through these periods and capitalize on opportunities for long-term growth ahead.
Operations
The extent of the transportation challenges experienced in Western Canada thus far in 2022 continues to be more acute and of longer duration than originally anticipated, therefore we now expect our SPF lumber shipments for 2022 to be closer to the bottom end of the guidance range of approximately 2.8 to 3.0 billion board feet. We reiterate expectations for our 2022 SYP shipments to be approximately 3.0 to 3.2 billion board feet. On July 1, 2022, stumpage rates increased in B.C. due to the market-based adjustments related to lumber costs, although in the current commodity price environment, B.C. stumpage rates are expected to decrease later in the year. We continue to expect modest log cost inflation in the U.S. South in 2022.
In our NA EWP segment, we expect OSB shipments to increase in 2022 as we account for a full year of contribution from Norbord, recapture production and shipments lost due to temporary disruptions to our operations in 2021, and as we continue to ramp operations at our Chambord OSB mill. However, transportation and logistics constraints across North America remain challenging and demand for our products is showing signs of slowing, and as such we now expect OSB shipments in 2022 to be approximately 5.9 to 6.2 billion square feet (3/8-inch basis), down modestly from our original guidance of 6.1 to 6.4 billion square feet (3/8-inch basis). We also continue to expect that input costs for the NA EWP business will remain elevated in the near-term, due primarily to high energy and resin costs. Work at the Allendale OSB facility is ongoing to prepare the mill for an eventual re-start when warranted by customer demand. However, due to inflationary cost pressures and supply chain challenges the capital investment is expected to increase approximately 10% from the original estimate of approximately $70 million and project completion has been shifted to the end of the first quarter of 2023.
We do not expect to increase our Pulp & Paper segment shipments in 2022.
In our Europe EWP segment we reduce expectations for OSB shipments and now project them to be approximately 1.0 to 1.2 billion square feet (3/8-inch basis) in 2022, down slightly from our original guidance of 1.1 to 1.3 billion square feet (3/8-inch basis). Input costs for the Europe EWP business are expected to remain elevated in the near-term, due primarily to higher energy and resin costs.
Across much of our supply chain, we continue to experience greater than usual inflationary cost pressures and availability constraints for labour, transportation, raw materials such as resins and chemicals, and energy. We expect these cost pressures and availability constraints to remain elevated through 2022.
Based on our current outlook, assuming no deterioration in market conditions during the year and no additional lengthening of lead times for projects underway or planned, we continue to anticipate that we will invest approximately $500 to $600 million in 20221. However, given the rate of 2022 capital spending to-date we now expect full year capital expenditures to be nearer the bottom end of the guidance range.
Our Q2 2022 MD&A and interim consolidated financial statements and the related notes are available on our website at www.westfraser.com and the System for Electronic Document Analysis and Retrieval ("SEDAR") at www.sedar.com and the Electronic Data Gathering, Analysis and Retrieval System ("EDGAR") website at www.sec.gov/edgar.shtml under the Company's profile.
West Fraser's 2021 Sustainability Report is available on the Company's website at www.westfraser.com. This report reviews the Company's key Environmental, Social, and Governance ("ESG") performance and includes information aligned with the Sustainable Accounting Standards Board ("SASB"), Global Reporting Initiative ("GRI"), the Task Force on Climate-Related Disclosures ("TFCD") and CDP (formerly the Carbon Disclosure Project). In 2021, West Fraser built on its sustainability foundations and strategy by beginning the work to establish robust and credible environmental and social ambitions, goals and targets to guide the company's next chapter. This work included taking the necessary steps to become the first Canadian company committing to join the Science Based Targets Initiative ("SBTi") targets to materially reduce GHG emissions by 2030, aligning with the Paris Agreement.
Risk and uncertainty disclosures are included in our 2021 annual MD&A, as updated by the disclosures in our Q2 2022 MD&A, as well as in our public filings with securities regulatory authorities. See also the discussion of "Forward-Looking Statements" below.
West Fraser will hold an analysts' conference call to discuss the Company's Q2 2022 financial and operating results on Thursday, July 28, 2022, at 8:30 a.m. Pacific Time (11:30 a.m. Eastern Time). To participate in the call, please dial: 1-888-390-0605 (toll-free North America) or 416-764-8609 (toll) or connect on the webcast. The call and an earnings presentation may also be accessed through West Fraser's website at www.westfraser.com. Please let the operator know you wish to participate in the West Fraser conference call chaired by Mr. Ray Ferris, President and Chief Executive Officer.
Following management's discussion of the quarterly results, investors and the analyst community will be invited to ask questions. The call will be recorded for webcasting purposes and will be available on the West Fraser website at www.westfraser.com.
West Fraser is a diversified wood products company with more than 60 facilities in Canada, the United States ("U.S."), the United Kingdom ("U.K."), and Europe. From responsibly sourced and sustainably managed forest resources, the Company produces lumber, engineered wood products (OSB, LVL, MDF, plywood, and particleboard), pulp, newsprint, wood chips, other residuals and renewable energy. West Fraser's products are used in home construction, repair and remodelling, industrial applications, papers, tissue, and box materials.
This press release includes statements and information that constitutes "forward-looking information" within the meaning of Canadian securities laws and "forward-looking statements" within the meaning of United States securities laws (collectively, "forward-looking statements"). Forward-looking statements include statements that are forward-looking or predictive in nature and are dependent upon or refer to future events or conditions. We use words such as "expects," "anticipates," "plans," "believes," "estimates," "seeks," "intends," "targets," "projects," "forecasts" or negative versions thereof and other similar expressions, or future or conditional verbs such as "may," "will," "should," "would" and "could" to identify these forward-looking statements. These forward-looking statements generally include statements which reflect management's expectations regarding the operations, business, financial condition, expected financial results, performance, prospects, opportunities, priorities, targets, goals, ongoing objectives, strategies and outlook of West Fraser and its subsidiaries, as well as the outlook for North American and international economies for the current fiscal year and subsequent periods.
Forward-looking statements included in this press release include references to the following and their impact on our business:
- Demand in North American and European markets for our products, including demand from new home construction and repairs and renovations, the impact of rising interest rates and inflationary pressures and the growing penetration of mass timber
- Disruptions in transportation services, and the timelines for resumptions of full transportation services
- Operation guidance, including projected shipments, inflationary cost pressures on our input costs, projected capital expenditures and the timing and costs of the restart of the Allendale OSB facility
By their nature, these forward-looking statements involve numerous assumptions, inherent risks and uncertainties, both general and specific, which contribute to the possibility that the predictions, forecasts, and other forward-looking statements will not occur. Factors that could cause actual results to differ materially from those contemplated or implied by forward-looking statements include, but are not limited to:
- assumptions in connection with the economic and financial conditions in the U.S., Canada, U.K., Europe and globally and consequential demand for our products, including the impact of the conflict in the Ukraine;
- continued increases in interest rates and inflation could impact housing affordability and repair and remodelling demand, which could reduce demand for our products;
- global supply chain issues may result in increases to our costs and may contribute to a reduction in near-term demand for our products;
- risks inherent to product concentration and cyclicality;
- effects of competition and product pricing pressures, including continued access to log supply and fibre resources at competitive prices and the impact of third-party certification standards;
- effects of variations in the price and availability of manufacturing inputs, including energy, resin and other input costs, and the impact of inflationary pressures on the costs of these manufacturing costs, including increases in stumpage fees and log costs;
- availability and costs of transportation services, including truck and rail services, and port facilities, the impacts on transportation services of wildfires and severe weather events, and the impact of increased energy prices on the costs of transportation services and the timing of the resolution of transportation constraints in Western Canada;
- transportation constraints may continue to negatively impact our ability to meet projected shipment volumes;
- the timing of our planned capital investments may be delayed and the ultimate costs of these investments may be increased as a result of inflation;
- various events that could disrupt operations, including natural, man-made or catastrophic events including wildfires and any state of emergency and/or evacuation orders issued by governments and ongoing relations with employees;
- risks inherent to customer dependence;
- impact of future cross border trade rulings or agreements;
- implementation of important strategic initiatives and identification, completion and integration of acquisitions;
- impact of changes to, or non-compliance with, environmental or other regulations;
- the impact of the COVID-19 pandemic on our operations and on customer demand, supply and distribution and other factors;
- government restrictions, standards or regulations intended to reduce greenhouse gas emissions and our ability to achieve our SBTi commitment for the reduction of greenhouse gases as planned;
- changes in government policy and regulation, including against taken by the Government of British Columbia pursuant to recent amendments to forestry legislation and initiatives to defer logging of forests deemed "old growth" and the impact of these actions on our timber supply;
- impact of weather and climate change on our operations or the operations or demand of its suppliers and customers;
- ability to implement new or upgraded information technology infrastructure;
- impact of information technology service disruptions or failures;
- impact of any product liability claims in excess of insurance coverage;
- risks inherent to a capital intensive industry;
- impact of future outcomes of tax exposures;
- potential future changes in tax laws, including tax rates;
- effects of currency exposures and exchange rate fluctuations;
- future operating costs;
- availability of financing, bank lines, securitization programs and/or other means of liquidity;
- continued integration of the Norbord business;
- continued access to timber supply in the traditional territories of Indigenous Nations;
- the risks and uncertainties described in our 2021 Annual MD&A and Q2 2022 MD&A; and
- other risks detailed from time-to-time in our annual information forms, annual reports, MD&A, quarterly reports and material change reports filed with and furnished to securities regulators
In addition, actual outcomes and results of these statements will depend on a number of factors including those matters described under "Risks and Uncertainties" in our 2021 MD&A and may differ materially from those anticipated or projected. This list of important factors affecting forward‑looking statements is not exhaustive and reference should be made to the other factors discussed in public filings with securities regulatory authorities. Accordingly, readers should exercise caution in relying upon forward‑looking statements and we undertake no obligation to publicly update or revise any forward‑looking statements, whether written or oral, to reflect subsequent events or circumstances except as required by applicable securities laws.
Throughout this news release, we make reference to (i) certain non-GAAP financial measures, including Adjusted EBITDA and Adjusted EBITDA by segment (our "Non-GAAP Financial Measures"), and (ii) certain supplementary financial measures, including our expected capital expenditures (our "Supplementary Financial Measures"). We believe that these Non-GAAP Financial Measures and Supplementary Financial Measures (collectively, our "Non-GAAP and other specified financial measures") are useful performance indicators for investors with regard to operating and financial performance and our financial condition. These Non-GAAP and other specified financial measures are not generally accepted financial measures under IFRS and do not have standardized meanings prescribed by IFRS. Investors are cautioned that none of our Non-GAAP Financial Measures should be considered as an alternative to earnings or cash flow, as determined in accordance with IFRS. As there is no standardized method of calculating any of these Non-GAAP and other specified financial measures, our method of calculating each of them may differ from the methods used by other entities and, accordingly, our use of any of these Non-GAAP and other specified financial measures may not be directly comparable to similarly titled measures used by other entities. Accordingly, these Non-GAAP and other specified financial measures are intended to provide additional information and should not be considered in isolation or as a substitute for measures of performance prepared in accordance with IFRS. The reconciliation of the Non-GAAP measures used and presented by the Company to the most directly comparable IFRS measures is provided in the tables set forth below.
Adjusted EBITDA is used to evaluate the operating and financial performance of our operating segments, generate future operating plans, and make strategic decisions. Adjusted EBITDA is defined as earnings determined in accordance with IFRS adding back the following line items from the consolidated statements of earnings and comprehensive earnings: finance expense, tax provision or recovery, amortization, equity-based compensation, restructuring and impairment charges, and other.
Adjusted EBITDA by segment is defined as segment earnings before tax determined for each reportable segment in accordance with IFRS adding back the following line items from the consolidated statements of earnings and comprehensive earnings for that reportable segment: finance expense, amortization, equity-based compensation, restructuring and impairment charges, and other.
EBITDA is commonly reported and widely used by investors and lending institutions as an indicator of a company's operating performance, ability to incur and service debt, and as a valuation metric. We calculate Adjusted EBITDA and Adjusted EBITDA by segment to exclude items that do not reflect our ongoing operations and should not, in our opinion, be considered in a long-term valuation metric or should not be included in an assessment of our ability to service or incur debt.
We believe that disclosing these measures assists readers in measuring performance relative to other entities that operate in similar industries and understanding the ongoing cash generating potential of our business to provide liquidity to fund working capital needs, service outstanding debt, fund future capital expenditures and investment opportunities, and pay dividends. Adjusted EBITDA is used as an additional measure to evaluate the operating and financial performance of our reportable segments.
The following table reconciles Adjusted EBITDA to the most directly comparable IFRS measure, earnings.
($ millions)
The following tables reconcile Adjusted EBITDA by segment to the most directly comparable IFRS measures for each of our reportable segments. We consider that segment earnings before tax is the most directly comparable measure for Adjusted EBITDA by segment, given we do not allocate consolidated tax amounts across our reportable segments.
($ millions)
This measure represents our best estimate of the amount of cash outflows relating to additions to capital assets for 2022 based on our current outlook. This amount is comprised primarily of various improvement projects and maintenance-of-business expenditures, projects focused on optimization and automation of the manufacturing process, and projects targeted to reduce greenhouse gas emissions. This measure assumes no deterioration in market conditions during the year and that we are able to proceed with our plans on time and on budget. This estimate is subject to the risks and uncertainties identified in the Company's 2021 Annual MD&A and Q2 2022 MD&A.
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SOURCE West Fraser Timber Co. Ltd. | https://www.wbrc.com/prnewswire/2022/07/27/west-fraser-announces-second-quarter-2022-results/ | 2022-07-27T22:06:17Z | https://www.wbrc.com/prnewswire/2022/07/27/west-fraser-announces-second-quarter-2022-results/ | true |
WASHINGTON (AP) — Gun makers have taken in more than $1 billion from selling AR-15-style guns over the past decade, at times marketing them as a way for young men to prove their masculinity, even as the number of mass shootings increases, according to a House investigation unveiled Wednesday.
The weapons have been used in massacres that have horrified the nation, including one that left 10 people dead at a grocery store in Buffalo and another where 19 children and two teachers were shot to death in Uvalde, Texas.
The Committee on Oversight and Reform said some ads mimic popular first-person shooter video games or tout the weapons’ military pedigree while others claim the guns will put buyers “at the top of the testosterone food chain.”
Those sales tactics are “deeply disturbing, exploitative and reckless,” said Democratic Rep. Carolyn Maloney of New York. “In short, the gun industry is profiting off the blood of innocent Americans.”
Gun makers, on the other hand, said AR-15-style rifles are responsible for a small portion of gun homicides and the blame must go to the shooters rather than their weapons.
“What we saw in Uvalde, Buffalo and Highland Park was pure evil,” said Marty Daniels, the CEO of Daniel Defense, the company that made the weapon used in Texas. “The cruelty of the murderers who committed these acts is unfathomable and deeply disturbs me, my family, my employees and millions of Americans across this country.”
However, he added later in testimony before the committee, “I believe that these murders are local problems that have to be solved locally.”
Gun violence overall spiked in 2020, but recent statistics indicate it is coming down this year in many cities.
The House panel’s investigation focused on five major gunmakers, and found they took in a combined total of more than $1 billion in revenue over the past 10 years from the sale of AR-15-style firearms. The revenue numbers were released for the committee hearing focused on the marketing and sales of the firearms that have gained notoriety because of their use in the mass killings.
Two of the companies approximately tripled their revenue from the weapons over the past three years, the committee found. Daniel Defense, based near Savannah, Georgia, raised that revenue from $40 million in 2019 to more than $120 million last year. The company sells weapons like the one used in Uvalde on credit and advertises that financing can be approved “in seconds.”
Salvador Ramos, accused in the Uvalde shootings, began purchasing firearms and ammunition when he turned 18, eventually spending more than $5,000 on two AR-style rifles, ammunition and other gear in the days before the massacre, authorities have said.
Sturm, Ruger & Co.’s gross revenue, meanwhile, has nearly tripled from $39 million to $103 million since 2019, and Smith and Wesson reported that its revenues from all long guns doubled from 2019 to 2021. Gun manufacturers, the committee said, don’t gather or analyze safety data related to firearms.
The increases are against a backdrop of a record-setting overall increase in gun sales that began around the start of the coronavirus pandemic. About 8.5 million people bought guns for the first time in 2020, said Republican Rep. Jody Hice of Georgia. He added that, “American people have a right to own guns.”
The hearing comes amid a push by House Democrats to get legislation passed that would ban certain semi-automatic weapons. It’s the lawmakers’ most far-reaching response yet to this summer’s mass shootings.
While AR-15-style firearms aren’t necessarily the main drivers of U.S. gun violence overall, their design allows shooters to harm more people from a greater distance, said Kelly Sampson, senior counsel and director of racial justice with Brady, a group pressing to end gun violence that generally supports restrictions.
“If we renew the assault weapons ban, that would take away a key piece of what allows mass shooters to kill more people in less time without having to stop to reload,” she said.
There have been 15 mass killings this year, according to the Associated Press/USA TODAY/Northeastern University Mass Killing Database. According to that research, those incidents have left 86 dead and 63 injured. Guns were used in all of them, and in at least seven instances they were AR-15-style weapons. Mass killings are defined as incidents where at least four people are killed.
But the AR-15 and similar weapons are also popular with people who buy guns for self defense, said Antonia Okafor, the national director of outreach for the group Gun Owners of America. Such rifles allow people, including women, to shoot a larger gun without having to absorb as much recoil.
“The AR-15 makes it easier for those who have a physical disadvantage to the attacker to have an upper hand,” she said.
Wednesday’s hearing marked the first time in 20 years that CEOs of leading gun manufacturers testified about their businesses, Maloney said. | https://www.kxnet.com/news/politics/ap-politics/ar-15-style-guns-have-brought-in-over-1-billion-in-10-years/ | 2022-07-27T22:06:25Z | https://www.kxnet.com/news/politics/ap-politics/ar-15-style-guns-have-brought-in-over-1-billion-in-10-years/ | false |
MADRID (AP) — Colombian pop singer Shakira has opted to go to trial instead of accepting a deal offered by Spanish prosecutors to settle allegations she defrauded Spain’s government of 14.5 million euros ($15 million) in taxes, her public relations team said Wednesday.
Shakira, 45, “trusts her innocence and chooses to leave the issue in the hands of the law,” the PR firm Llorente y Cuenca said in a statement.
Spanish prosecutors charged the singer in 2018 with failing to pay 14.5 million euros in taxes on income earned between 2012 and 2014. She faces a possible fine and prison sentence, if found guilty of tax evasion.
There were no immediate details available on the deal prosecutors offered. No date for the trial has been set.
Shakira’s public relations firm said she has deposited the amount she is said to owe with the Spanish Tax Agency and has no pending tax debts.
The case hinges on where she lived during 2012-14. Prosecutors allege it was mostly in Spain even though Shakira’s official residence was in the Bahamas.
Shakira, whose full name is Shakira Isabel Mebarak Ripoll, has two children with Barcelona soccer star Gerard Pique. The couple used to live together in Barcelona but recently ended their 11-year relationship. | https://www.wric.com/entertainment-news/spain-shakira-rejects-prosecutors-offer-faces-tax-trial/ | 2022-07-27T22:06:56Z | https://www.wric.com/entertainment-news/spain-shakira-rejects-prosecutors-offer-faces-tax-trial/ | false |
Which Victor dog food is best?
Determining what food to feed your dog is one of the most important decisions to make as an owner. Recipes should provide holistic support, from enhancing their immune system to supplying energy to enjoy the day. Food should also cater to the dog’s specific needs, including allergies or metabolic issues.
Victor Super Premium Pet Food features over a dozen different formulas with both general recipes and ones targeting specific lifestyles. A top pick, the Victor Select Lamb Meal and Brown Rice formula gives a boost to all dogs, especially those with common sensitivities.
What to know before you buy Victor dog food
About Victor dog food
Based in Texas, Victor prepares dog food formulas for dogs of all ages, breeds and lifestyles. However, most formulas are high in protein and intended for dogs with medium to high energy levels who lead active lives. In particular, Victor dog food formulas suit working and hunting dogs as well as those who go on long hikes and other adventures.
Dry vs. wet dog food
Victor offers both dry and wet dog food, though most owners prefer to feed dry food. It’s easy to serve and clean, aids in teeth cleaning and lasts a long time under proper storage conditions.
Some dogs, however, may prefer or need wet food, which is gentler on teeth and gums. It is more aromatic, which helps encourage picky eaters to dine, and assists in hydration. Wet food, though, will deplete more quickly than dry and tends to cost much more over time, especially if feeding larger dogs. In some cases, wet and dry can be combined to soften kibble and make mealtime more enticing.
Size
Each bag of dry dog food may come in two, three or four sizes depending on the formula. Small bags are around 5 pounds, while medium bags are typically 15 to 30 pounds. Most recipes are offered in large 40-pound bags, and some even come in the biggest size at 50 pounds.
The size of the bag should match the general size of your dog. However, sizing up can be cost-effective, as the per-pound price goes down in bigger bags. To preserve kibble, keep the bag sealed and stored in a container free from moisture, heat, sunlight and humidity.
Wet food comes in 13.2-ounce cans and may be sold six or 12 to a pack.
What to look for in quality Victor dog food
Product lines
Victor dog food has three product lines for their dry dog food formula.
- Classic: The five formulas in this line feature balanced diets for dogs of all ages and lifestyles. Recipes incorporate meats, vegetables, fruits and grains along with vitamins and minerals. The main source of protein is beef, pork or chicken.
- Select: Focused on eliminating common allergens, this group of recipes is ideal for dogs with digestive sensitivities. Several formulas are grain-free, while others are free from gluten, chicken and soy.
- Purpose: This line is designed to support dogs in need, whether they should improve their skin and coat, lose weight or ease pressure on their joints. These recipes are specific to ages, lifestyles or conditions and likely won’t be used continuously throughout a dog’s life.
Ingredients
Every dog food bag lists ingredients in order of prevalence. The first few listed comprise a majority of the formula, and the initial listing should be a protein source. There are certain helpful ingredients to look out for.
- Selenium yeast helps with stress and immune function.
- Prebiotics and probiotics aid in digestion and immune response.
- The mineral complex in Victor food comprises iron, magnesium and zinc for healthy coats, paw pads and bones.
RealTree formulas
In partnership with RealTree, an outdoors apparel and hunting company, Victor offers a pair of formulas designed for working and hunting dogs. Both recipes feature beef, fish and duck backed by added glucosamine and chondroitin designed to keep hips and joints healthy.
How much you can expect to spend on Victor dog food
A medium bag of dry dog food costs around $30-$40. A can of wet food costs around $3 or $4 each.
Victor dog food FAQ
How should I introduce the new formula to my dog?
A. Anytime you are switching over to a new formula, or even a new bag of dog food, you should transition your pet slowly to ease any potential digestive upset. This transition is done across 10 to 14 days. Start by mixing in about 75% old food with 25% of the new formula. Every few days, mix in more of the new recipe until the transition is complete.
What is blood meal?
A. Certain formulas include the ingredient blood meal. It is essentially dried blood that’s a byproduct of the slaughter process ground up into a powder. It is high in protein, low in fat and boosts calcium levels in the formula. Blood meal is included as part of a growing belief that dogs should adhere to an ancestral diet in which they enjoyed high protein and consumed most parts of any animal they killed.
What’s the best Victor dog food to buy?
Top Victor dog food
Victor Select Lamb Meal and Brown Rice
What you need to know: Lamb meal and whole grain brown rice are the top two ingredients in this formula suited for all ages and sizes.
What you’ll love: As part of the Select series focused on growth and maintenance, this balanced diet features gluten-free grains and a mix of vitamins and supplements. As the main ingredient, lamb is ideal for dogs with allergies to beef and chicken.
What you should consider: This formula is among the more expensive options.
Where to buy: Sold by Amazon and Chewy
Top Victor dog food for the money
Victor Classic Multi-Pro Dog Food
What you need to know: A popular formula, this balanced recipe is ideal for most dogs of all ages who lead an active lifestyle.
What you’ll love: From the Classic line, this inexpensive formula features a mix of beef, pork and chicken ingredients. It is suitable for puppies, adults and seniors of all sizes.
What you should consider: Grain sorghum is the first ingredient; meat would be preferred.
Where to buy: Sold by Amazon and Chewy
Worth checking out
Victor Purpose Senior Healthy Weight
What you need to know: This diet is formulated to assist elderly dogs manage their weight, stay mobile and feel comfortable.
What you’ll love: Featuring beef, chicken and fish, this appealing recipe helps weight management for older, less active dogs. Glucosamine and chondroitin target hips and joints, while probiotics aid in digestion and immune response.
What you should consider: Beef, chicken and blood meal may not be suitable for dogs with allergies or sensitivities.
Where to buy: Sold by Amazon and Chewy
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Copyright 2022 BestReviews, a Nexstar company. All rights reserved. | https://wgntv.com/reviews/best-victor-dog-food/ | 2022-07-27T22:07:22Z | https://wgntv.com/reviews/best-victor-dog-food/ | false |
Which Marvel action figure is best?
Marvel has been publishing comic books since the 1930s, but it wasn’t until the first Iron Man film in 2008 that the company emerged as a massive multimedia franchise. Today there are dozens of films, TV series and video games based on Marvel characters.
The franchise has also produced countless toys and action figures, and finding the best one could be an overwhelming prospect. That said, if you want an intricately designed figurine inspired by the comics, check out the Marvel Avengers Deluxe Black Panther Action Figure.
What to know before you buy a Marvel action figure
MCU vs. comic books
When shopping for action figures or any Marvel toy, consider whether you want a product from the classic comic books or the Marvel Cinematic Universe (often abbreviated as the MCU). Comic book action figures usually come with brighter outfits and boast somewhat simplistic designs. These figures are often purchased by collectors who will keep the original packaging and may or may not want to resell the toys in the future.
Action figures from the MCU are usually designed to resemble the actors who play the characters in the films, such as Scarlett Johansson and Chadwick Boseman. These actors might also appear on the toys’ packaging. MCU figures are typically intricately detailed and may come with weapons and accessories that were featured in their screen adaptations.
List of characters
There are hundreds of heroes and villians in the Marvel universe, but the majority of action figures are modeled after the following characters.
- Black Panther: The king of the fictional African nation Wakanda, T’Challa uses ancient rituals, a proficiency in science and advanced technology to fight evil as Black Panther.
- Captain America: Also known as Steve Rogers, Captain America is the leader of the Avengers.
- Hulk: Scientist Bruce Banner was exposed to gamma radiation and now transforms into the powerful green Hulk whenever he’s upset or angry.
- Iron Man: Another member of the Avengers, Tony Stark used his wealth and intelligence to invent a superpowered suit of armor.
- Spider-Man: Teenager Peter Parker was bitten by a radioactive spider, which gave him super-strength and the ability to stick to walls.
- Thor: One of the ancient Asgardians, Thor is based on the Norse god and wields a magical hammer.
What to look for in a quality Marvel action figure
Toy brands
Lego, Funko Pop, Hasbro and PlaySkool have all introduced lines of Marvel toys and action figures, each with their own unique style and suggested age range. When shopping for action figures, look out for knock-off toy brands that aren’t endorsed or approved by Marvel Studios.
Suggested age range
If you’re buying for a young child, always check for a suggested age range in the product details. Most Marvel action figures are suitable for ages 4 and up, and brands like PlaySkool make toys that are specifically designed for Marvel fans who are even younger.
Accessories
Many Marvel action figures come with extra weapons and accessories so kids can reenact memorable battle sequences from the films or comics. Some may even come with interchangeable faces and limbs so you can alter the figurines’ appearance or pose.
How much you can expect to spend on a Marvel action figure
The cost of a Marvel action figure can vary widely depending on the quality and detail of the toy. Expect to spend around $10-$40 for a posable figure with accessories, while a Marvel action figure set with multiple figures can exceed $50.
Marvel action figure FAQ
How many Marvel films are there?
A. As of 2021, there are 25 films in the Marvel Cinematic Universe and over a dozen others in development.
Do Marvel action figures increase in value?
A. It’s impossible to predict which toys will increase in value over time, but certain limited-edition action figures have been known to sell for hundreds of dollars if kept in their original packaging.
What are the best Marvel action figures to buy?
Top Marvel action figure
Marvel Avengers Deluxe Black Panther Action Figure
What you need to know: Perfect for ages 4 and up, this intricately detailed Black Panther figurine comes with multiple immersive accessories.
What you’ll love: Standing at 12 inches tall, this large Black Panther action figure comes with a handful of weapons for immersive play, including a projectile launcher shield that can be used to shoot plastic darts.
What you should consider: A few users have reported that their figure’s legs broke off.
Where to buy: Sold by Amazon
Top Marvel action figure for the money
Marvel Avengers Action Figures: Endgame Captain America
What you need to know: This affordable action figure has a detailed paint job and is appropriate for any Marvel fan ages 4 and up.
What you’ll love: Visually inspired by his appearance in the popular MCU film, this Captain America figure comes with posable limbs and a removable shield. An FX launcher can be purchased separately to launch projectiles and repeat recorded phrases from the movie.
What you should consider: Users have been disappointed that this figure doesn’t come with the FX launcher.
Where to buy: Sold by Amazon
Worth checking out
Marvel Legends Venom Action Figure
What you need to know: This sinister-looking figure is 6 inches tall and features multiple points of articulation.
What you’ll love: Based on Tom Hardy’s character from the recent Venom films, the Marvel Legends Venom Action Figure is intricately detailed and comes with an interchangeable face and hands. The figurine also has extra articulation points at the knees and elbows.
What you should consider: This action figure is considerably more expensive than other toys.
Where to buy: Sold by Amazon
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Which Harrison’s bird food is best?
As much as 80% of pet bird illnesses are said to be attributed to malnutrition, which is why feeding your pet a balanced diet is so important. Harrison’s bird food is nutritionally complete, providing all the nourishment your bird needs to remain healthy.
Since there are only two main formulas, it’s easy to choose the right one for your bird once you know more about each. Harrison’s Adult Lifetime Fine is the top choice, as it suits most adult birds.
What to know before you buy Harrison’s bird food
High potency vs. adult lifetime
Harrison’s doesn’t make wild bird food, just food for pet birds. It has two formulas: adult lifetime and high potency. These are suitable for any pet bird. You just need to work out which formula is right for your pet bird.
- High potency: If you’re switching your bird from a seed-based diet, you should always start with the high potency formula to boost nutrient levels. It’s also better for young birds that are still developing, birds molting or with poor feathers and birds recovering from illness. Finally, it’s great for certain types of birds with high metabolic rates and need the extra energy, including African grays and large macaws.
- Adult lifetime: This is the best maintenance diet for most adult birds (excluding those mentioned above). This is also the best choice if you’re switching from another balanced pellet food or your bird has been eating the high potency formula for six months.
Piece sizes
Each Harrison’s formula comes in a range of consistencies or sizes. The right one depends on the size of the bird and how it feeds.
- Coarse: These big nuggets are suitable for large parrots that pick food up from their bowl with their feet.
- Fine: Fine pieces are small nuggets perfect for small parrots, such as Senegals, quakers and conures, that pick pieces from their bowl with their beak.
- Super fine: These tiny pieces are perfect for birds that peck from their bowls, such as doves, finches, budgies and canaries.
- Mash: This coarse powder can be mixed with water to make a mash or sprinkled on fruit or veg for picky birds. It’s also suitable for feeding dry to small birds that peck directly from bowls.
What to look for in quality Harrison’s bird food
Pepper
You can also find “pepper lifetime” and “high potency pepper” foods. These are the same as adult lifetime and high potency foods, respectively, but with added chili peppers. Some birds like the taste of spicy chiles in their food, but the nutritional content is the same.
Organic
All bird food from Harrison’s is certified organic by the United States Department of Agriculture. It follows that it’s also made without any genetically modified organisms.
Treats
In addition to its complete foods, Harrison’s also makes bird treats. These are great for training or adding different flavors and textures to a bird’s diet, but you should only feed them sparingly.
How much you can expect to spend on Harrison’s bird food
Small 1-pound bags cost around $16-$20, while mid-sized 5-pound bags cost roughly $45-$50 and extra-large 25-pound bags cost as much as $200-$220.
Harrison’s bird food FAQ
Is Harrison’s a good bird food?
A. Harrison’s is a formulated diet, which is a more nutritionally balanced alternative to seed mixes. Although many people feed their birds seed mixes, they’re not complete diets for birds, lacking essential nutrients your feathered friend needs to stay healthy.
Harrison’s is carefully balanced to contain all the nutrients birds need. Not only is it formulated by an avian specialist, but it’s also approved and recommended by veterinarians who specialize in birds.
While it’s completely nutritionally balanced, feeding a varied diet can enrich pet birds’ lives. Therefore, you should feed around 70% of Harrison’s food (or another quality bird food) and 30% fresh fruit, vegetables and omega-rich seeds.
How long does Harrison’s bird food stay fresh?
A. You must use it within eight weeks of opening the package. Therefore, don’t be tempted by the lower price per ounce of larger packages if you won’t be able to use them up in time. In a pinch, you can extend the shelf life by freezing the food once opened.
What’s the best Harrison’s bird food to buy?
Top Harrison’s bird food
Harrison’s Adult Lifetime Fine
What you need to know: Most adult birds will thrive on this food. The fine size is good for small parrots.
What you’ll love: It’s non-GMO and certified USDA organic. The 1-pound bag is small enough that it won’t spoil before you use it up, even if you only have one bird. Most birds find it palatable.
What you should consider: It’s fairly pricey, but many bird owners find there’s less wastage compared to seed mixes.
Where to buy: Sold by Amazon
Top Harrison’s bird food for the money
Harrison’s Pepper Lifetime Coarse
What you need to know: This 5-pound bag costs significantly less per ounce than smaller bag sizes.
What you’ll love: It contains added chiles, which some birds love. It doesn’t contain any sweeteners or artificial colors or preservatives. This food meets the nutritional needs of most adult birds.
What you should consider: The coarse size is only suitable for large parrots who pick up their food with their feet.
Where to buy: Sold by Amazon
Worth checking out
Harrison’s High Potency Superfine
What you need to know: The high potency formula is suitable for birds that need a boost, including those that are molting or recovering from illness.
What you’ll love: The superfine consistency is suitable for small birds, like canaries, finches and budgies. It’s higher in calories than the adult lifetime food. It’s non-GMO and USDA organic.
What you should consider: It contains peanuts, so those with allergies should be careful.
Where to buy: Sold by Amazon
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Lauren Corona writes for BestReviews. BestReviews has helped millions of consumers simplify their purchasing decisions, saving them time and money.
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Which Falcon Funko Pop is best?
The Marvel character Falcon has increased in popularity since “The Falcon and the Winter Soldier” was released on Disney+ in 2021, and Funko Pops based on the show have become big-selling items. Funko Pop is a line of display figures based on real-life celebrities and characters from popular culture. The figures vary widely, from Major League Baseball players to “Star Wars” and Marvel characters, and there are thousands to collect.
The best Falcon Funko Pop is the awesome-looking Funko Pop Marvel: “The Falcon and the Winter Soldier”: Flying Falcon.
What to know before you buy a Falcon Funko Pop
It can be difficult to choose a Funko Pop toy — there are so many to choose from. You can start a collection by first asking which franchises most interest you. A keen enjoyment of Marvel means a Falcon Funko Pop could be a good starting point. What else must you consider?
Bobbleheads
To avoid a conflict with a line of Hasbro toys, all Marvel Funko Pops are bobbleheads. If you are not a fan of this look, consider a different franchise. Note that all “Star Wars” figures are also bobbleheads, for the same reason.
Collection space
Collecting Funko Pops can become an obsessive hobby, and collections can get out of control. One of the biggest problems is where to put them all. Funko Pops work best when displayed together. If you plan to make an extensive collection, consider whether you have enough shelving or can add some. Funko Pops are usually only 3.75-inches tall, so custom-built shelving can hold many figures.
Investment
Funko Pops are aimed toward the collector and are not really designed for playing. They are usually limited in their production and could be profitable investments. Seeking out Funko Pops that are going out of production and not removing them from their packaging may result in figures being worth more than you paid.
What to look for in a quality falcon Funko Pop
Detail
Funko Pop uses subtle detailing techniques — rather than sophisticated molding or sculpting technology — to make its characters recognizable. For example, the Falcon from “The Falcon and the Winter Soldier” is instantly recognizable as that iteration due to his goatee. Funko Pop also adds detail to the characters’ attire to make them more identifiable, but this isn’t always successful. You may want to buy only if you immediately recognize the character.
Originality
Funko Pop prides itself on character originality. Each release should be a different iteration from the last. However, they occasionally are similar, with only minor changes in accessory or pose, and these may appeal only to the serious collector.
Packaging
Some Funko Pop releases protect the figures well, with premium packaging techniques. This will please the collector, but these figures tend not to be at the budget end of the price spectrum. Remember, though, you can return any figure you feel didn’t arrive in good condition.
How much you can expect to spend on a Falcon Funko Pop
Higher-priced Falcon Funko Pops may cost from $40-$50. However, figures of this character generally cost in the $20-$35 range, with some even more economically priced.
Falcon Funko Pop FAQ
What characters are suitable to display with Falcon?
A. Falcon has appeared in three “Avengers” movies and two “Captain America” movies. This means he can be collected alongside any character from these motion pictures, particularly Steve Rogers’ Captain America. However, “The Falcon and the Winter Soldier” TV show means he is also great to collect alongside Bucky/The Winter Soldier and John Walker/U.S. Agent.
How do I keep track of my Funko Pop collection?
A. There is a handy Funko app that will help you to do this. It can help you make lists of the figures you already have and create lists of the ones you wish to buy. It’s also valuable for its ability to give you approximate valuations of Funko Pop figures you have or want.
What’s the best falcon Funko Pop to buy?
Top Falcon Funko Pop
Funko Pop Marvel: “The Falcon and the Winter Soldier”: Flying Falcon
What you need to know: This flying Falcon is based on the character from “The Falcon and the Winter Soldier” and will be enjoyed by any fan of the show.
What you’ll love: The detailed attire represents very well what Sam Wilson wore in the show. His action pose looks very cool, and he is supported by a durable stand. The packaging is protected by a removable film for collectors who worry about the box’s condition after shipping.
What you should consider: Falcon’s little reconnaissance drone, RedWing, is not featured.
Where to buy: Sold by Amazon
Top Falcon Funko Pop for the money
Funko Pop Marvel: Classic Falcon
What you need to know: This is a well-priced Falcon that features his classic comic-book attire.
What you’ll love: This one will appeal more to comic-book fans. Falcon displays a somewhat retro look of vivid colors and camp design. It is an economical price for such an uncommon iteration of the character and can be collected alongside other Marvel retro designs.
What you should consider: A few reviewers complained about damage to the packaging. Collectors should be vigilant and return if necessary.
Where to buy: Sold by Amazon
Worth checking out
Funko Pop Marvel: “The Falcon and the Winter Soldier”: Captain America With Wings
What you need to know: This figure is from “The Falcon and the Winter Soldier” after Falcon takes up the mantle of Captain America.
What you’ll love: Falcon/Captain America features the iconic shield that once belonged to Steve Rogers, and Falcon’s new high-tech wings. This Falcon will look great among other characters from the TV show, such as the Winter Soldier or John Walker.
What you should consider: It is a special edition, so the price is higher than regular Funko Pops.
Where to buy: Sold by Amazon
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Copyright 2022 BestReviews, a Nexstar company. All rights reserved. | https://www.yourcentralvalley.com/reviews/br/toys-games-br/hobby-collectibles-br/best-falcon-funko-pop/ | 2022-07-27T22:08:27Z | https://www.yourcentralvalley.com/reviews/br/toys-games-br/hobby-collectibles-br/best-falcon-funko-pop/ | false |
Which Tula Skincare products at Sephora are best?
A member of Sephora’s “Clean Skincare” program, Tula Skincare hosts most of its products on the retailer’s website. Cleansers, moisturizers and treatments are a few of the many items available for purchase at Sephora in-store or online.
What is Tula Skincare?
Tula is a luxury skin care brand that focuses on skin wellness and was founded by a physician who kept this in mind while designing the brand. Dr. Roshini Raj is the founder of Tula and focuses her practice on finding the best ingredients for healthy skin. She found probiotics to be an essential element of good skin care products, and this is the base of Tula.
Superfoods are at the heart of every product by Tula. Named “clean” by Sephora, these products are held to European standards in cosmetics. The brand prides itself on transparency and trust in its scientific research to elevate skin care. All Tula products are made without harsh ingredients, such as parabens, sulfates, retinol or mineral oils.
How is Tula Skincare considered clinically effective?
Tula explains its clinical trials in great detail on its website, which is available to visit anytime. In short, however, the brand conducts extensive trials of each product during development. All products undergo screening for efficacy, safety, quality and value. If the product fails in any of these areas, it is reformulated until it is perfected for its intended use.
Consider before purchase
For your best results and your safety, review the ingredients list to avoid any natural ingredients that may trigger an allergy. While Tula prides itself on clean skin care, there are some superfoods that may be of concern to your allergy or sensitive skin. Conduct a patch test before use, and wait 24 hours before using more of the product to ensure a reaction doesn’t happen.
8 best Tula products at Sephora
Top Tula products at Sephora for oily skin
Tula Skincare The Cult Classic Purifying Face Cleanser
This lightweight gel formula was designed to target impurities in your pores and on top of your skin. Oil is removed from your skin upon application without stripping beneficial moisture from your skin. It effectively removes dirt and leaves you with clean pores and skin.
Sold by Sephora
Tula Skincare Balancing Act Purifying and pH Balancing Biodegradable Toner Pads
These toner pads will wipe away grime and oil both morning and night to reset your skin. The formula also restores your skin’s pH levels to enhance brightness and remove texture from your skin’s surface. It reduces the size of your pores and comes in a pack of 60 for a one-month supply. Wipes can be disposed of without worry of being an ecological hazard.
Sold by Sephora
Tula Skincare So Polished Exfoliating Sugar Scrub
Winner of the Allure “Best of Beauty” award in 2020, this facial scrub cleanses away dead and dry skin cells, revealing the bright, fresh skin beneath. Additionally, it also extracts dirt and oil. It ultimately prevents clogged pores and the potential for an acne breakout.
Sold by Sephora
Top Tula products at Sephora for dry skin
Tula Skincare Brightening Treatment Drops Triple Vitamin C Serum
This product bases treatment on the natural skin care properties found in vitamin C. Ideal for dry skin, the probiotics and vitamin C found in this formula keep the skin smooth and nourish the skin barrier.
Sold by Sephora
Tula Skincare Protect Plus Plump Firming and Hydrating Face Moisturizer
This product targets dryness, wrinkling and loss of firmness in your skin. Made with prebiotics, peptides and probiotic extracts, this moisturizer creates a hydrating barrier to keep skin from drying out.
Sold by Sephora
Tula Skincare 24/7 Moisture Hydrating Day and Night Cream
This moisturizer is nongreasy and keeps your skin hydrated all day. The formula is designed to restore dry skin, helping it become more supple and healthy. The prebiotic utilized in this cream is chicory root, which is adept at maintaining skin balance, moisturizing a drier complexion and helping it stay that way.
Sold by Sephora
Top Tula products at Sephora for mature skin
Tula Skincare Prime of Your Smoothing and Firming Treatment Primer
Prepare your skin for makeup application with this marine algae and amino acid formula. It hydrates and primes skin for layering products and improves skin health over time. Long-term benefits include improving firmness and elasticity as well as reducing wrinkles and dark spots. Vitamin C and hyaluronic acid are included in this lightweight cream formula.
Sold by Sephora
Tula Skincare Eye Recharge Plus Replenish Pro-Ferm Overnight Eye Cream with Bakuchiol and Peptides
Applied before bed around the eye, this cream is a blend of probiotics, green algae and peptides that eliminates dark circles and puffiness. Restore brightness under your eyes with healing bakuchiol that reduces the appearance of lines and evens out skin tone.
Sold by Sephora
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Couple who lived quietly in Hawaii for years were actually Russian spies, US alleges
HONOLULU (HawaiiNewsNow/Gray News) - A couple living quietly in Hawaii for years were actually Russian spies, federal agents with the state Department Bureau of Diplomatic Security Service allege.
Walter Glenn Primose, also known as Bobby Edward Fort, and Gwynn Darle Morrison, aka Julie Lyn Montague, were arrested in a raid Friday morning, HawaiiNewsNow reported.
Government records said the couple assumed the identities of dead babies from Texas in the 1980s, then used those identities to obtain Social Security cards, passports and driver’s licenses. Both are charged with identity theft, lying on their passport applications and conspiracy to commit crimes against the United States.
Retired FBI agent Tom Simon, who owns an investigative firm called Simon Worldwide Investigations, believes these are preliminary charges designed to “get these people off the streets and begin negotiating with them and seeing what they know and their willingness to cooperate with the U.S.”
Pictures included in the court records show Primrose and Morrison in uniforms that the government said belonged to the KGB, the former Soviet Union spy agency.
The criminal complaint said Primrose fraudulently enlisted in the Coast Guard in 1994.
“The Coast Guard has one foot firmly planted in the world of law enforcement and the second foot in the U.S. military and the intel community,” Simon said.
Attorney Kevin O’Grady, a former military prosecutor, said Primrose’s security clearance could have provided the Russians with valuable information.
“They engage in counter terrorism and counter drug operations and things like that,” he said.
Primrose worked as an avionic electrical technician, serving 22 years before retiring.
“Enough information disclosed publicly can enable the enemy to put pieces together and that can tell the enemy a lot about us,” O’Grady said.
After retiring from the Coast Guard in 2016, Primrose was working as a U.S. Department of Defense contractor until his arrest Friday.
“It’s absolutely staggering to me the amount of time and effort the Russians put into this particular project,” Simon said, referring to the criminal allegations. “This was not a quick hit to steal some records to get back. This was decades in the making.”
Neighbors said the couple lived in the Kapolei community in Honolulu for many years, keeping a low profile.
Neighbor Joshua Guieb-Pangan said they were friendly.
“When we would drive by, they’d always give us a wave,” Pangan said.
He was shocked when agents raided the home last week.
“There was a lot of FBI members around the house and in the house,” Pangan said.
The government is asking that the couple be held without bond, calling them a flight risk.
A judge will decide on that request on Thursday.
Copyright 2022 KHNL,KGMB via Gray Media Group, Inc. All rights reserved. | https://www.1011now.com/2022/07/27/couple-who-lived-quietly-hawaii-years-were-actually-russian-spies-us-alleges/ | 2022-07-27T22:09:14Z | https://www.1011now.com/2022/07/27/couple-who-lived-quietly-hawaii-years-were-actually-russian-spies-us-alleges/ | false |
HOUSTON (AP) _ Weatherford International Inc. (WFRD) on Wednesday reported profit of $6 million in its second quarter.
The Houston-based company said it had profit of 8 cents per share. Losses, adjusted for non-recurring gains, were 11 cents per share.
The oilfield service company posted revenue of $1.06 billion in the period.
_____
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on WFRD at https://www.zacks.com/ap/WFRD | https://www.seattlepi.com/business/article/Weatherford-Q2-Earnings-Snapshot-17333300.php | 2022-07-27T22:09:17Z | https://www.seattlepi.com/business/article/Weatherford-Q2-Earnings-Snapshot-17333300.php | false |
HOUSTON, July 27, 2022 /PRNewswire/ -- Marathon Oil Corporation (NYSE: MRO) announced today that the Company's board of directors has declared a dividend of 8 cents per share on Marathon Oil Corporation common stock. The dividend is payable on September 12, 2022, to stockholders of record on August 17, 2022.
For more information on Marathon Oil Corporation, visit the Company's website at https://www.marathonoil.com.
Media Relations Contact:
Kathy Sauvé, 713-296-3915
Investor Relations Contacts:
Guy Baber: 713-296-1892
John Reid: 713-296-4380
View original content to download multimedia:
SOURCE Marathon Oil Corporation | https://www.wymt.com/prnewswire/2022/07/27/marathon-oil-corporation-declares-second-quarter-2022-dividend/ | 2022-07-27T22:09:50Z | https://www.wymt.com/prnewswire/2022/07/27/marathon-oil-corporation-declares-second-quarter-2022-dividend/ | false |
What are the best boxing shoes?
Few sports require quicker movements with your feet than boxing. Not only does the boxer move forward and backward, but there are lightning-fast sideways reactions in response to the opponent’s moves. No wonder Muhammed Ali said he “floated” in the ring.
Boxing shoes are designed to help boxers move effortlessly around the ring. They keep the boxer’s feet connected to the mat while poised to shift instantly as the match heats up. Boxing shoes come in many colors and styles to complement the boxer’s entourage. For their all-purpose qualities, the best boxing shoes are the Otomix Men’s Stingray Escape Boxing Shoes.
What to know before you buy boxing shoes
What are the different boxing shoe cuts?
There are three cuts of boxing shoes to consider.
- Low-top boxing shoes are the lightest and give boxers the most flexibility to move around the ring. They fall below the ankle but the majority of low-cut boxing shoes still deliver significant ankle support.
- Mid-top shoes are an excellent option for support and balance. Boxers that frequently change direction and move side to side benefit from the support of mid-tops. The majority of mid-tops will not hamper your speed.
- High tops are designed for full support. They are used primarily by punchers who need to stand their ground to deliver and take punches. Look for high tops that wrap tightly around the ankle to get your best value.
Why are boxing shoes flat?
Boxing shoes are designed with thin, flat soles that let your feet get a palpable connection to the boxing ring. Flat soles allow you to move on the balls of your feet and easily shift at angles. There is modest traction but not so much that it keeps you from changing direction quickly.
How wide are your feet?
Boxing shoes are designed to fit snugly. Boxers with wide feet need to test out different styles to find the most comfortable shoes. Since you are on your feet all the time in boxing, the right fit is imperative to your comfort and ability to move around. Some manufacturers have extra wide sizes.
What to look for in quality boxing shoes
Material
The two primary materials used in boxing shoes are leather and synthetic material such as nylon. The synthetic material is lightweight, durable and lets your feet breathe. Leather last longer and provides excellent support, but it is heavier and more expensive. The best shoes are often a combination of synthetic uppers with a leather finish.
Closure
Boxing shoes are closed with laces or zippers. Some shoes have both for extra support. Laces allow the boxer to determine the tightness of the shoe, but laces wear out quickly. Zippers provide easy access both in and out of the shoes, but the zipper closure may not always be tight enough and cannot be adjusted.
Style
A boxer’s shorts and shoes are the primary pieces of apparel to be worn with boxing shoes. Boxing shoes come in bold colors and patterns that make a statement before you ever enter the ring. Look for shoes that fit your personality and color preferences.
How much you can expect to spend on boxing shoes
Inexpensive boxing shoes are priced between $35-$60; these are low-cut shoes constructed from mostly synthetic material. Medium-priced boxing shoes, which cost between $60-$95, include mid-cut styles, leather uppers and have excellent traction. Expensive boxing shoes start at $95 and can exceed $150. These are leather high-tops that incorporate the latest technology.
Boxing shoes FAQ
Are boxing shoes necessary?
A. Many beginning boxers start with tennis shoes, but if you are serious about your development, an upgrade to boxing shoes can make a big difference. It will improve your traction and maneuverability, which should give you more confidence as you work on your boxing technique.
Are wrestling shoes acceptable for boxing?
A. Some boxers wear wrestling shoes because they are lightweight and easy to move in. Since boxing shoes have tighter treads that could injure a wrestler, boxing shoes are not recommended for wrestling.
What is a heel counter?
A. A heel counter is a plastic insert that maintains the original shape of the heel portion of the shoe. It ensures that you will receive maximum support for your heel as you move around.
What are the best boxing shoes to buy?
Top boxing shoes
Otomix Men’s Stingray Escape Boxing Shoes
What you need to know: These boxing shoes are known for their comfort and come in four different colors.
What you’ll love: The shoes are ankle-high and have extra support. The rubber sole is lightweight and thin which delivers a tight grip on the canvas. Made from leather and synthetic material, the shoes are durable and comfortable.
What you should consider: There were some sizing issues that ran smaller than expected.
Where to buy: Sold by Amazon
Top boxing shoes for the money
Ringside Men’s Undefeated Boxing Shoes
What you need to know: These affordable boxing shoes are designed for both performance and style.
What you’ll love: They are made from a mesh and nylon upper that lets your feet breathe and move freely. A leather vinyl finish adds support and gives the shoes a ringside flair. The non-slip rubber sole also provides excellent traction.
What you should consider: Some boxers reported the shoes fit unevenly.
Where to buy: Sold by Amazon and Dick’s Sporting Goods
Worth checking out
Puma Women’s Eskiva Very HI Boxing Shoe
What you need to know: These boxing shoes have an extra-high upper and are designed more for fashion than actual performance in the ring.
What you’ll love: Designed with a leather upper, they have both laces and a side zipper for easy removal. The rubber sole provides excellent traction. The shaft is 13.5 inches above the arch. They come in stylish colors.
What you should consider: The calf area is narrow relative to the rest of the shoe.
Where to buy: Sold by Amazon
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Steve Ganger writes for BestReviews. BestReviews has helped millions of consumers simplify their purchasing decisions, saving them time and money.
Copyright 2022 BestReviews, a Nexstar company. All rights reserved. | https://www.kxnet.com/reviews/br/sports-fitness-br/boxing-br/best-boxing-shoes/ | 2022-07-27T22:10:10Z | https://www.kxnet.com/reviews/br/sports-fitness-br/boxing-br/best-boxing-shoes/ | false |
Taming the Surge: Communities race to contain climate-fueled floodwaters
Projects underway across the country: ‘We thought we had more time.'
Updated: 2:39 PM PDT Jul 27, 2022
Along the Yahara River in the southern part of this state, the sound emanating from the water is that of a community digging itself out of climate-fueled danger. To stay ahead of a disastrous flood, Dane County is using hydraulic and mechanical dredges to remove sediment from the bottom of the river to make room for more torrential rain."This is absolutely needed with the big storms that we've been seeing," said John Reimer, assistant director of Dane County Land and Water Resources Department.‘We thought we had more time’In 2018, massive rains drenched Madison, when more than 11 inches of rain fell, causing flooding and damage. As climate change accelerates, storms can become stronger. Dane County implemented its dredging plan to try to protect businesses and homes from future catastrophic floods. Madison has four interconnected lakes, tied together by rivers."They’re fed by streams; they're connected by various channels," explained County Executive Joe Parisi. "When all that water goes into the lake on the north, it all must empty throughout that chain of lakes,” leading to backups and flooding when those connecting rivers fill with sediment.As storms become more frequent — and more ferocious — Parisi said the lakes can now become overwhelmed, flooding the banks of the rivers and lakes, but also backing up the storm sewers with dirt, debris, and water.“We get these rains, then we get the initial flooding in our streams and streets, flash flooding, but then the lakes back up and we have even greater flooding,” he explained. “Climate change is real. The impacts are happening now," said Parisi. “We thought we had more time.” Taming the Surge Across the U.S.Earlier this year, the National Investigative Unit sent a survey to 4,000 communities asking what steps they’re taking to address climate change. Many of the communities that responded told of flood-control or mitigation projects planned, or of the impacts that more severe weather and increasingly frequent flooding events are already causing — from Oakland, California, to Fayette County, Pennsylvania, to Baldwin County, Georgia, and Boston, Massachusetts, and to Hoboken, New Jersey."We build resiliency parks to defend against rainfall flooding," said Jennifer Gonzalez, chief sustainability officer in the city of Hoboken, during an interview at a climate-related construction project that seeks to prevent community flooding.Hoboken, like so many other cities, is still traumatized from Superstorm Sandy of 2012. The storm caused approximately $70 billion worth of damage along the east coast of the United States. The city of Hoboken endured $125 million in damage from the storm. Caleb Stratton, the city’s chief resiliency officer, recalled that after Sandy, "The community said: 'Do something. Do something big. Don't do nothing. Definitely don't do nothing.'”The city responded. Since then, the city has invested approximately $90 million to build resiliency parks, which have a key feature: the majority of its surfaces are permeable, allowing stormwater to collect and be treated in a massive, underground, million-gallon tank–and not in nearby streets.Two resiliency parks are now open, with the third one — the Northwest Resiliency Park — under construction."If it's successful once it's built,” explained Hoboken Mayor Ravi Bhalla, “it's intended to really break that cycle and create a resilient city that can withstand the effects of climate change through the generations.”Mark Albert is the chief national investigative correspondent for the Hearst Television National Investigative Unit, based in Washington D.C. April Chunko, Tamika Cody, Greg Compton, Sean Downs, and John Kenney contributed to this report. Help us cover a changing climate for our ‘Forecasting Our Future’ series. If you know of innovative projects or controversial issues in your community, send confidential information and documents to the National Investigative Unit at investigate@hearst.com.'Forecasting Our Future' Full CoverageSurvey: Most concerned about future extreme weather, only half taking stepsWhy a 1-foot rise in sea level has a bigger impact than you thinkMan loses home to Hurricane Ida, 16 years after grandmother lost hers to Hurricane KatrinaInside America’s ‘Forest Census’Virtual reality increasingly used to convey climate urgencySpurred by Climate Urgency, Communities Begin Searching for Water All 'Forecasting Our Future' special reports
Along the Yahara River in the southern part of this state, the sound emanating from the water is that of a community digging itself out of climate-fueled danger. To stay ahead of a disastrous flood, Dane County is using hydraulic and mechanical dredges to remove sediment from the bottom of the river to make room for more torrential rain.
Hearst Television
A hydraulic dredge digs out sediment from the bottom of the Yahara River in Madison, Wis.,part of a climate-related project
"This is absolutely needed with the big storms that we've been seeing," said John Reimer, assistant director of Dane County Land and Water Resources Department.
Hearst Television
John Reimer, assistant director of the Dane County, Wis., Land and Water ResourcesDepartment, speaks to Chief National Investigative Correspondent Mark Albert.
‘We thought we had more time’
In 2018, massive rains drenched Madison, when more than 11 inches of rain fell, causing flooding and damage. As climate change accelerates, storms can become stronger. Dane County implemented its dredging plan to try to protect businesses and homes from future catastrophic floods. Madison has four interconnected lakes, tied together by rivers.
"They’re fed by streams; they're connected by various channels," explained County Executive Joe Parisi. "When all that water goes into the lake on the north, it all must empty throughout that chain of lakes,” leading to backups and flooding when those connecting rivers fill with sediment.
Hearst Television
Dane County, Wis., Executive Joe Parisi speaks to Chief National Investigative CorrespondentMark Albert at the site of the Yahara River Sediment Removal project.
As storms become more frequent — and more ferocious — Parisi said the lakes can now become overwhelmed, flooding the banks of the rivers and lakes, but also backing up the storm sewers with dirt, debris, and water.
“We get these rains, then we get the initial flooding in our streams and streets, flash flooding, but then the lakes back up and we have even greater flooding,” he explained.
“Climate change is real. The impacts are happening now," said Parisi. “We thought we had more time.”
Taming the Surge Across the U.S.
Earlier this year, the National Investigative Unit sent a survey to 4,000 communities asking what steps they’re taking to address climate change. Many of the communities that responded told of flood-control or mitigation projects planned, or of the impacts that more severe weather and increasingly frequent flooding events are already causing — from Oakland, California, to Fayette County, Pennsylvania, to Baldwin County, Georgia, and Boston, Massachusetts, and to Hoboken, New Jersey.
Hearst Television
Jennifer Gonzalez, chief sustainability officer in the city of Hoboken, N.J., speaks to ChiefNational Investigative Correspondent Mark Albert.
"We build resiliency parks to defend against rainfall flooding," said Jennifer Gonzalez, chief sustainability officer in the city of Hoboken, during an interview at a climate-related construction project that seeks to prevent community flooding.
Hoboken, like so many other cities, is still traumatized from Superstorm Sandy of 2012. The storm caused approximately $70 billion worth of damage along the east coast of the United States. The city of Hoboken endured $125 million in damage from the storm.
Caleb Stratton, the city’s chief resiliency officer, recalled that after Sandy, "The community said: 'Do something. Do something big. Don't do nothing. Definitely don't do nothing.'”
Hearst Television
The Northwest Resiliency Park, Hoboken’s largest resiliency park to date, under construction as seen in April 2022.
The city responded. Since then, the city has invested approximately $90 million to build resiliency parks, which have a key feature: the majority of its surfaces are permeable, allowing stormwater to collect and be treated in a massive, underground, million-gallon tank–and not in nearby streets.
Two resiliency parks are now open, with the third one — the Northwest Resiliency Park — under construction.
Hearst Television
Hoboken, N.J., Mayor Ravi Bhalla, is interviewed by Chief National Investigative Correspondent Mark Albert.
"If it's successful once it's built,” explained Hoboken Mayor Ravi Bhalla, “it's intended to really break that cycle and create a resilient city that can withstand the effects of climate change through the generations.”
Mark Albert is the chief national investigative correspondent for the Hearst Television National Investigative Unit, based in Washington D.C. April Chunko, Tamika Cody, Greg Compton, Sean Downs, and John Kenney contributed to this report.
Help us cover a changing climate for our ‘Forecasting Our Future’ series. If you know of innovative projects or controversial issues in your community, send confidential information and documents to the National Investigative Unit at investigate@hearst.com.
'Forecasting Our Future' Full Coverage | https://www.kcra.com/article/taming-surge-communities-race-contain-climate-fueled-floodwaters/40734153 | 2022-07-27T22:10:31Z | https://www.kcra.com/article/taming-surge-communities-race-contain-climate-fueled-floodwaters/40734153 | true |
Philadelphia PhilliesComplete coverage of the Fightin' Phils and their MLB rivals from NBC Sports Philadelphia. | https://www.nbcphiladelphia.com/news/sports/phillies/a-series-win-phillies-take-two-of-three-from-division-rival-braves/3317812/ | 2022-07-27T22:11:07Z | https://www.nbcphiladelphia.com/news/sports/phillies/a-series-win-phillies-take-two-of-three-from-division-rival-braves/3317812/ | true |
WASHINGTON (NEXSTAR) — Democratic lawmakers say gun manufacturers are flooding America with assault weapons and they want America to see how gunmakers market their weapons and what kind of money they make doing it.
Congresswoman Carolyn Maloney (D-N.Y) accused gun manufacturers of sharing responsibility for the gun violence that plagues the country.
“The gun industry has flooded our neighborhoods, our schools and even our churches and synagogues with these deadly weapons,” Maloney said.
Maloney’s House Oversight Committee research says gun manufacturers made more than one billion dollars in the last decade selling assault weapons.
“How many more American children need to die before your company will stop selling assault weapons,” Maloney asked.
“These murders are a local problem,” Daniel Defense said.
Testifying before the committee, Daniel, CEO of Daniel Defense, a firearm manufacturer, expressed his condolences to those families touched by mass shootings, but Daniel says the company bears no responsibility and you can’t blame the guns as they are inanimate objects.
“Mass shootings are preventable when appropriate community systems are in place,” Daniel said.
Republicans accused Democrats of attacking the second amendment while bigger issues need attention.
“To go after the manufacturers of guns while at the same time remaining soft on crime, defunding the police, supporting those policies,” Rep. Jody Hice (R-Ga.) said.
Republicans like Hice and Rep. James Comer (R-Ky.) told Democrats to focus on the real crime in the country
“Republicans want to target criminals, democrats want to target lawful gun owners and take away their guns,” Comer said.
House Democrats hope to pass a bill to ban assault weapons, but Republican opposition is likely to kill the bill before it can become law. | https://wgntv.com/news/washington-dc-bureau/house-democrats-accuse-gun-manufacturers-of-sharing-responsibility-for-gun-violence/ | 2022-07-27T22:11:16Z | https://wgntv.com/news/washington-dc-bureau/house-democrats-accuse-gun-manufacturers-of-sharing-responsibility-for-gun-violence/ | false |
PORT-AU-PRINCE, Haiti (AP) — Heavy gunfire echoed throughout downtown Port-au-Prince on Wednesday as suspected gang members set a church on fire and tried to kill their opponents in a bid to gain control over more territory.
The intense fighting erupted just blocks from the government’s National Palace and Haiti’s National Penitentiary, where hungry prisoners tried to revolt because they thought gang members were coming to release them, Government Commissioner Jacques Lafontant told The Associated Press.
“There is no mutiny or invasion,” he said, adding that police are trying to stabilize the area. “With the weak equipment and lack of resources for them to fight back, that could take a couple of days.”
The once bustling downtown area of Port-au-Prince has become increasingly dangerous and deserted as violence escalates between a gang coalition known as G9 that is trying to seize control of the area from other gangs. In one social media post, men identifying themselves as G9 members filmed a man they supposedly killed amid the fighting and laid several firearms on his naked body.
The recent spike in violence in the downtown area has sent bullets flying into nearby residential areas and businesses, injuring at least one person. The State University of Haiti issued a statement on Wednesday announcing that it was forced to suspend classes: “In less than a week, multiple bullets have been recovered in the courtyard as well as in classrooms.”
The gunfire continued as firefighters put out a blaze that partially burned a transitional church built near the Cathedral of Our Lady of Assumption that was destroyed in the 2010 earthquake.
The spike in violence comes as gangs grow more powerful following the July 7, 2021 assassination of President Jovenel Moïse.
Last month, one gang took control of a portion of Haiti’s Court of First Instance and on Tuesday, another gang set fire to a courthouse in Croix-des-Bouquets, which lies just northeast of Port-au-Prince. In addition, the United Nations said more than 470 people have been killed, injured or disappeared in less than a week during recent turf wars in the nearby Cite Soleil slum.
The U.N. has urged the international community to help Haiti’s National Police fight crime and violence even as the United States and other countries continue to train officers and provide resources to the roughly 12,800 police officers that serve a country of more than 11 million people. | https://www.seattlepi.com/news/article/Haiti-gang-wars-intensify-as-armed-men-set-church-17333131.php | 2022-07-27T22:11:19Z | https://www.seattlepi.com/news/article/Haiti-gang-wars-intensify-as-armed-men-set-church-17333131.php | false |
SAN FRANCISCO (AP) — The board of a San Francisco law school founded by a 19th century rancher who sponsored deadly atrocities against Native Americans is recommending that it change its name to the College of the Law San Francisco.
The board of directors for UC Hastings College of the Law voted Wednesday to make the recommendation to state lawmakers, the San Francisco Chronicle reported. The college name is enshrined in state law and cannot be changed without legislative action.
Hastings counts among its graduates major movers and shakers, including former San Francisco Mayor Willie Brown and U.S. Vice President Kamala Harris.
But it was also founded in 1878 by Serranus Clinton Hastings, a wealthy rancher and former chief justice of the California Supreme Court who helped orchestrate and finance campaigns by white settlers in Mendocino County to kill and enslave members of the Yuki Indian tribe.
The recommendation comes amid strong objections from descendants of Yuki and Round Valley tribal members who hoped for an indigenous name, the Chronicle reported.
The school began to investigate its founder's legacy in 2017 and the board voted in November to change the school's name. It is also working on “restorative justice” initiatives, including a formal apology.
In 2020, the law school at the University of California, Berkeley stripped itself of a 19th century namesake who espoused racist views that led to the 1882 Chinese Exclusion Act. | https://www.seattlepi.com/news/article/New-name-for-law-school-founded-by-racist-San-17333419.php | 2022-07-27T22:11:56Z | https://www.seattlepi.com/news/article/New-name-for-law-school-founded-by-racist-San-17333419.php | true |
The largest U.S.-led navy exercise in the world is now under way. Rim of the Pacific, or RIMPAC, is increasingly focused on containing China, as tensions rise in the region.
Copyright 2022 NPR
The largest U.S.-led navy exercise in the world is now under way. Rim of the Pacific, or RIMPAC, is increasingly focused on containing China, as tensions rise in the region.
Copyright 2022 NPR | https://www.wdiy.org/2022-07-27/the-largest-navy-exercise-in-the-world-is-underway-increasingly-focused-on-china | 2022-07-27T22:12:57Z | https://www.wdiy.org/2022-07-27/the-largest-navy-exercise-in-the-world-is-underway-increasingly-focused-on-china | false |
(The Hill) – The Department of Justice’s (DOJ) apparent new focus on Donald Trump in its Jan. 6 investigation presents prosecutors with multiple possible paths to an indictment, as sketched out by the House select committee’s own investigation into the former president’s White House and outside allies.
In recent days, federal prosecutors have reportedly obtained phone records from former White House chief of staff Mark Meadows, secured cooperation from the committee’s star witness, Cassidy Hutchinson, and questioned two of former Vice President Mike Pence’s top aides before a grand jury.
The department’s new line of inquiry will give it an opportunity to corroborate the select committee’s evidence and fill in the remaining gaps in the lawmakers’ case against Trump.
Jeff Robbins, a former federal prosecutor and congressional investigative counsel, said he believes the committee’s hearings have likely prompted the renewed DOJ efforts by presenting a persuasive public case against Trump.
“It’s probably not coincidental that there seems to be an uptick in DOJ activity either aimed at the former president or encompassing the former president’s conduct after these hearings,” Robbins said. “I don’t think the circumstances are the same as they were several months ago, because the entire country has seen so much evidence of criminal intent.”
The Washington Post reported new details about the Justice Department’s focus on Tuesday. According to the report, prosecutors have asked grand jury witnesses for information about their conversations with Trump and the former president’s conduct around the Jan. 6, 2021, attack.
The focus has been on Trump’s effort to pressure Pence into obstructing Congress’s certification of the Electoral College results and a scheme to present a slate of fake electors who would have cast their “votes” for the former president to override results in key states President Biden won.
Those two areas have also been the subject of select committee hearings over the summer, in which lawmakers alleged that Trump’s legal advisers knew the schemes were likely illegal yet pushed ahead with them anyways.
Members of the select committee have said their evidence supports charging Trump with obstruction of an official proceeding — a felony charge that carries a maximum sentence of 20 years in prison and has been used against hundreds of rioters charged in the aftermath of the attack.
According to the Post, the DOJ is pursuing lines of inquiry that could lead them to weighing such charges against Trump as well as those involving conspiracy to defraud the U.S.
Even seditious conspiracy charges, which have been brought against members of the Proud Boys and Oath Keepers, are reportedly under consideration, though experts warn the DOJ may ultimately be hesitant to bring such a weighty case.
And some observers say the select committee has supplied ample evidence that would overcome the significant legal hurdles any potential prosecution would have to overcome.
One of the hearings’ main achievements, Robbins said, was providing a “mountain” of evidence that could be used to show Trump acted with corrupt intent to overturn the election, a major threshold for prosecutors in any potential case that he conspired to obstruct or defraud government proceedings. He said the DOJ’s ability to secure cooperation by flipping potential witnesses, a tool that the select committee lacks, would likely be the next course of action for prosecutors.
“There are going to be people who were privy to these discussions with the former president who have a much more powerful incentive to cooperate with the Department of Justice than they did to testify before the committee,” Robbins said. “I assume that process is underway.”
Danya Perry, a former federal prosecutor, said the committee has already provided much of the evidence that would be needed to back charges for obstructing a proceeding.
“We’ve seen already that every single credible adviser — legal, political, familial and otherwise — to the former president was telling him that he had lost the election and there was no proof of fraud. Whether he willfully ignored that, or simply didn’t care, he objectively would have understood those facts. And I think there’s some direct evidence that he did,” she said.
But she thinks perhaps the strongest case Attorney General Merrick Garland and the DOJ would be able to make revolves around the fake elector scheme, pointing to reporting from The New York Times on Monday detailing emails from campaign staff that referred to their plans to send “fake” certificates.
“The fake electors is just something that lay people can understand better. If you have literally a competing set of electors that we now heard were actually called fake by the conspirators or by the schemers, that’s just something you put in front of a jury of citizens and they see that and they say, ‘Yeah, I understand that, I can wrap my mind around that,’ ” she said.
“Anyone who tries to circumvent the rules on the books and tries to do that by deceit and fraud and does us the favor of calling it fake — anyone in that position should be convicted of fraud.”
The DOJ has done little to tip its hand to the committee even as it asks for evidence from them, with Rep. Pete Aguilar (D-Calif.) telling reporters Wednesday that “the last request was, you know, all 1,000 interviews” they’ve done.
The panel and the DOJ are in the process of negotiating what form information sharing might take, though Rep. Bennie Thompson (D-Miss.), the panel’s chairman, has insisted that any review involve an “in-camera” session where prosecutors could look at, but not take, any of the depositions.
“We’ve spoken a lot about accountability, and in order for there to be true accountability, the Department of Justice may have to act,” Aguilar said, “but that’s not our job.”
Perry said if the DOJ does move to charge Trump, the decision will be made by the “ponderous, deliberate, methodical attorney general that we have.”
“Obviously Garland and the line prosecutors are going to be very reticent about filing any charges that seem overly ambitious or aggressive. This is one where they’re going to need to feel they are on as solid of ground as possible,” she said.
“They’re going to want to make sure they cannot just support an indictment but sustain a conviction, and obviously the standard for that is beyond a reasonable doubt, but here I think they’re going to assign themselves with a higher burden of proof than exists in the charging instructions the jury will get.”
Mychael Schnell contributed. | https://www.yourcentralvalley.com/news/u-s-world/doj-has-multiple-possible-paths-to-trump-indictment-heres-what-it-could-look-like/ | 2022-07-27T22:13:31Z | https://www.yourcentralvalley.com/news/u-s-world/doj-has-multiple-possible-paths-to-trump-indictment-heres-what-it-could-look-like/ | false |
Spirit, Frontier end merger bid, paving way for JetBlue deal
Published: Jul. 27, 2022 at 5:05 PM EDT|Updated: 1 hour ago
Spirit Airlines and Frontier Airlines agreed Wednesday to abandon their merger proposal, opening the way for JetBlue Airways to acquire Spirit.
Spirit, the largest budget carrier in the United States, said it was still in discussions with JetBlue "and expects to provide a further update in the near future."
The decision by Spirit and Frontier to terminate their deal was announced while Spirit shareholders were still voting on the proposal. It was apparent that despite the support of Spirit's board, shareholders were prepared to reject the Frontier deal.
The Frontier offer was worth more than $2.6 billion in cash and stock, far short of JetBlue's all-cash bid of $3.7 billion.
Scripps Only Content 2022 | https://www.wflx.com/2022/07/27/spirit-frontier-end-merger-bid-paving-way-jetblue-deal/ | 2022-07-27T22:13:54Z | https://www.wflx.com/2022/07/27/spirit-frontier-end-merger-bid-paving-way-jetblue-deal/ | false |
MEXICO CITY, July 27, 2022 /PRNewswire/ -- Genomma Lab Internacional, S.A.B. de C.V. (BMV: LAB B) ("Genomma Lab" or "the Company"), today announced its results for the second quarter ended June 30, 2022. All figures included herein are stated in nominal Mexican pesos and have been prepared in accordance with International Financial Reporting Standards (IFRS).
The following tables provide an abridged Income Statement, in millions of Mexican pesos. The margin for each figure represents its ratio to net sales and the percentage change in the second quarter 2022 as compared with the same period in 2021:
Highlights
- Q2-2022 Sales increased by Ps. 458.3 million; +11.9% year-on-year
- Q2-2022 EBITDA closed at Ps. 892.0 million; +14.9% year-on-year
- Cash & Equivalents closed at Ps. 1.30 billion as of June 30, 2022
- Q2-2022 Net Debt to EBITDA ratio closed at 1.21x
- 7,800,000 bottles of Suerox® produced in-house during June 2022; +11% increase in productivity
- Capex Investments reached Ps.124.4 million. in the six months ended June 30, 2022
For a full version of Genomma Lab's Second Quarter 2022 Earnings Release, please visit: https://inversionistas.genommalab.com/en/financial-information
CONFERENCE CALL INFORMATION:
Genomma Lab will host a conference call on Thursday, July 28, 2022 to discuss these results at 11:00 a.m. Eastern Time / 10:00 Central Time (Mexico City Time).
To access the call, please dial:
+1 877-407-0784 (From within the U.S.)
+1 201-689-8560 (From outside the U.S.)
If you would prefer to receive a call rather than dialing in, please register via the following link. Please use this option 10-15 minutes prior to conference call start time: Call Me Link
Participants who do not wish to be interrupted to have their information gathered may have provider dial out to them by clicking on the above link, filling in the information, and pressing the green phone button at the bottom. The phone number provided will be automatically called and connected to the conference without any interruption to the participant. (Please note: Participants will be joined directly to the conference and will hear hold music until the call begins. No confirmation message will be played when joined.)
Webcast:
There will also be a live Audio Webcast of the event at: Genomma's Second Quarter 2022 Earnings Call
Replay:
+1 844-512-2921 (U.S.)
+1 412-317-6671 (International)
Replay ID: 13731275
Available until August 4, 2022
About
Genomma Lab Internacional, S.A.B. de C.V. is one of the leading pharmaceutical and personal care products companies in Mexico with an increasing international presence. Genomma Lab develops, sells and markets a broad range of premium branded products, many of which are leaders in the categories in which they compete in terms of sales and market share. Genomma Lab relies on the combination of a successful new product development process, a consumer-oriented marketing, a broad retail distribution network and a low-cost, highly flexible operating model.
Genomma Lab's shares are listed on the Mexican Stock Exchange under the ticker "LAB B" (Bloomberg: LABB:MM).
Note on Forward-Looking Statements
This report may contain certain forward-looking statements and information relating to the Company that reflect the current views and/or expectations of the Company and its management with respect to its performance, business and future events. Forward looking statements include, without limitation, any statement that may predict, forecast, indicate or imply future results, performance or achievements, and may contain words like "believe," "anticipate," "expect," "envisages," "will likely result," or any other words or phrases of similar meaning. Such statements are subject to a number of risks, uncertainties and assumptions. We caution you that a number of important factors could cause actual results to differ materially from the plans, objectives, expectations, estimates and intentions expressed in this presentation and in oral statements made by authorized officers of the Company. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of their dates. Risks and uncertainties include, but are not limited to: risks related to the impact of the COVID19 global pandemic, such as the scope and duration of the outbreak, government actions and restrictive measures implemented in response, material delays, supply chain disruptions and other impacts to the business, or on the Company's ability to execute business continuity plans as a result of the COVID-19 pandemic, economic factors, such as interest rate and currency exchange rate fluctuations; competition, including technological advances, new products attained by competitors; challenges inherent in new product development; the ability of the Company to successfully execute strategic plans; the impact of business combinations and divestitures; manufacturing difficulties or delays, internally or within the supply chain; significant adverse litigation or government action, including related to product liability claims; changes to applicable laws and regulations, including tax laws; changes in behavior and spending patterns of purchasers of products and services; financial instability of international economies and legal systems and sovereign risk. A further list and descriptions of these risks, uncertainties and other factors can be found within the Company's related filings with the Bolsa Mexicana de Valores. Any forward-looking statement made in this release speaks only as of the date of this release. The Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
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SOURCE Genomma Lab Internacional, S.A.B. de C.V. | https://www.wcjb.com/prnewswire/2022/07/27/genomma-lab-internacional-reports-second-quarter-2022-results/ | 2022-07-27T22:14:39Z | https://www.wcjb.com/prnewswire/2022/07/27/genomma-lab-internacional-reports-second-quarter-2022-results/ | true |
Golarz: The power of an influential person in shaping the future of our youth
I was signing diplomas for our graduating seniors when my secretary Ruthie came in.
“Mr. Vic Jose is out here and would like to see you.”
Vic was a prominent businessman in town who’s soft spot was kids — rich, poor, black, white it didn’t matter.
“Vic, what can I do for you?”
“Ray, I have a great idea. Hear me out. I have come to understand that the difference between successful people and those not successful is that those who are successful have the rich resource of having prominent people who can talk for them. Those who end up not successful have no one. So, here’s my plan. I am going to adopt an elementary or middle school class of children. Each child will always get a birthday card and I will meet with their class a couple of times a year. They will know that if they run into trouble or are looking for a job, or whatever, I will be there for them.”
More from Ray Golarz:Three stories to remind you of the altruism of America's children
I responded, “Vic, that’s wonderful. But you know we have nearly 200 classrooms of children.”
“Ray, I understand, so here is the rest of my plan. I am handing to you a list of the 90 most prominent doctors and business people of this community. Have your secretaries call each of them and invite them to a meeting here at the administration center of the school district. If any hesitate or are reluctant, tell them that Vic Jose is counting on them. They’ll come.”
Eighty attended the meeting. Vic gave his pitch enthusiastically and the response was heartwarming. Several even advised Vic that, if necessary, they would adopt two classes.
I have no statistics to judge this effort’s success. All I do know is that a great number of children had someone of prominence who could, and did, talk for them. Recently a mother told me, “My son, Mark, got a birthday card from his mentor for years and he prided that relationship into adulthood.”
There was a girl named Susan from Kentland, Indiana. Her dream was to attend Indiana University and eventually become a vet. She studied hard to realize that dream. But life was hard. Her dad was a hopeless addict.
To help the family, Susan took a job as a waitress part time, though part time often meant longer than that. In her junior year, she was driven to the university campus by her mother to submit all of her records. Her cousin Nancy, coming from Orleans, Indiana, met her there.
More in opinion:IU's silence regarding Dr. Caitlin Bernard hasn't gone unnoticed
Together they fell in love with the campus. Both girls had done well on standardized tests and each had 3.5 cumulative grade point averages. They were surprised that so many of the students on campus were not from Indiana. They came from all over the country and even from foreign lands. How could they compete?
Some months later, both girls got rejection letters and were advised to find a regional center. If they did well, then in two years they might be admitted to the main campus. But there were no close regional centers. Susan became a full time waitress to earn enough for a car, but that predictably didn’t happen. Nancy married and soon had a baby.
Over time, their dreams of college tragically faded. In their lifetimes neither girl ever again visited the main campus. It would have been too painful.
What if Vic Jose had been around? What if Nancy or Susan had someone of prominence to talk for them? Might Kentland now have a vet?
I know what I believe, how about you?
Raymond Golarz is co-author of “The Problem Isn’t Teachers” and “Sweet Land of Liberty” and former superintendent of the Richmond and Hobart schools. He is a Bloomington resident. | https://www.heraldtimesonline.com/story/opinion/columns/2022/07/27/columnist-writes-one-person-can-change-the-course-of-a-youths-life/65384495007/ | 2022-07-27T22:15:36Z | https://www.heraldtimesonline.com/story/opinion/columns/2022/07/27/columnist-writes-one-person-can-change-the-course-of-a-youths-life/65384495007/ | false |
India thrash Windies by 119 runs to complete clean sweep
India rode on Gill’s 98 to complete a 3-0 in the ODI series
Shubman Gill was unlucky to miss out on a maiden century but India rode on his sublime 98 to outclass West Indies by 119 runs and complete a 3-0 rout in the ODI series here.
In a rain-affected final ODI, India scored 225 for 3 in 36 overs, courtesy of Gill's career-best knock and another half-century from skipper Shikhar Dhawan (58 off 74 balls).
The revised DLS target of 257 from 35 overs was a tricky one and Mohammed Siraj's (2/14 in 3 overs) near-perfect first over with the new ball set the tone as West Indies could finally manage only 137 in 26 overs.
Spinners Yuzvendra Chahal (4/17 in 4 overs), Axar Patel (1/38 in 6 overs) and seamer Shardul Thakur (2/17 in 5 overs) also performed their role admirably on a slowish surface as Brandon King (42 off 37 balls) and Nicholas Pooran (42 off 32 balls)'s counter-attacking resistance was never going to be good enough.
While all the three ODIs were played at the same venue, Dhawan and his men deserve full credit for making most of the opportunities, showing good game awareness in crunch situations throughout the series.
If they defended well under pressure in the first game, the second one saw the lower middle-order accomplish a tricky chase after a not-so-great show from top-order.
The third game posed a different challenge as rain-break could have caused a decisive shift in momentum but the stylish Gill and the talented Shreyas Iyer (44 off 34 balls) changed the complexion of the game post rain-break.
India was 115 for 1 in 24 overs when there was the first stoppage but once the play resumed, the visitors suddenly upped the ante, smashing 110 runs in the next 12 overs as Gill looked good for his maiden ton, which was not to be.
However, Gill would have little complaints having scored 205 runs in three games with scores of 64, 43 and 98 not out.
While world over, bilateral ODI contests are fighting for context in their bid to remain relevant, Gill would be indebted to this series, which has now given him a breathing space in the 50-over format.
Both Gill and his skipper Dhawan, who plays only the ODI format, have done more than enough to keep themselves firmly in the mix even when the 'Big Boys' are back in the ODI set-up.
The disappointment was writ large on Gill's face when it started drizzling for the second time and he would curse himself for not speeding things up after entering the nervous 90's.
Gill batted in two different gears during the course of the innings. Before the rain-break, he was more of an accumulator while he scythed through the Caribbean attack once play resumed before once again tapering off towards the landmark.
Nonetheless, no one can take the credit away from what has been a sublime knock and his stand-out shots will be -- two sixes off leg-spinner Hayden Walsh and a picture-perfect off-drive off pacer Jayden Seals' bowling.
Skipper Dhawan, who has been India's highest run-getter in the format during last two years, showed why he is still indispensable in this format.
Dhawan and Gill added 113 for the opening stand, their second hundred plus partnership in the series, with the left hander notching up his second half-century (58 off 74 balls) following his 97 in the opening game.
Dhawan's innings had seven fours, while Gill had seven fours and two sixes till 36th over.
Siraj's artistry makes it a work in the park
Siraj's ability to extract movement in the air and off the pitch did the trick as he removed Kyle Mayers (0) and Shamarh Brooks (0) in a space of three deliveries.
In case of left-handed Mayers, it was a perfectly full outswinger (inswinger for the batter) that tailed in and went through his defence.
Right-handed batter Brooks got an off-cutter that was pitched slightly short of length but jagged back sharply to find the batter plumb in-front.
In a chase of 257 in 36 overs, the scorecard reading 0 for 2 is always bad omen and West Indies never recovered from that setback.
The normally consistent Shai Hope (22) was stumped by Sanju Samson off Chahal's bowling, while King after some breathtaking shots was beaten by an arm-ball from Patel.
The match was over by then but the resistance completely ended when Prasidh Krishna forced Pooran to go for a pull to a delivery that was fast and bouncy. The resultant catch was gleefully accepted by Dhawan as West Indies fizzled out without a fight.
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- Please use a genuine email ID and provide your name, to avoid rejection. | https://www.thehindu.com/sport/cricket/india-thrash-windies-by-119-runs-to-complete-clean-sweep/article65691556.ece | 2022-07-27T22:16:29Z | https://www.thehindu.com/sport/cricket/india-thrash-windies-by-119-runs-to-complete-clean-sweep/article65691556.ece | true |
LOS ANGELES (AP) — Luis Garcia hit a two-run homer in the eighth inning and the last-place Washington Nationals rallied past the Los Angeles Dodgers 8-3 Tuesday night for their second straight win against the NL West leaders.
Garcia’s shot into the right-field seats with two outs against Los Angeles left-hander Garrett Cleavinger was his third home run of the season and brought home Josh Bell, who reached first on a throwing error by Dodgers second baseman Gavin Lux.
Washington scored four more times against Cleavinger in the ninth, improving their major league-worst record to 34-65. The Dodgers have baseball’s second best record at 64-32.
“They’re playing well right now and I’m proud of the guys,” Nationals manager Davey Martinez said of his club. “All year long we fell short but we don’t quit and I love that about them.”
Mookie Betts hit his team-leading 23rd home run and threw out a runner at home plate for the Dodgers. Cody Bellinger also went deep, and Freddie Freeman added an RBI on a sacrifice fly as all three Dodgers runs came from former MVPs.
Nationals starter Josiah Gray, who was traded from the Dodgers to the Nationals last season, held his former team to one run through four innings before Los Angeles surged into a 3-2 lead in the fifth on Bellinger’s homer and Freeman’s fly.
Washington’s Juan Soto, who has been the subject of trade rumors heading into next week’s deadline, went 0 for 4 and was hit by a pitch. He is 3 for 18 since winning the Home Run Derby during All-Star Game festivities last week at Dodger Stadium.
The Nationals got their offense on track early with first-inning RBIs from Bell and Yadiel Hernandez. Victor Robles and Cesar Hernandez led off the game with back-to-back singles, while Soto grounded out and Bell brought home Robles on a ground ball. Hernandez’s RBI single made it 2-0.
Gray held the Dodgers in check after he was torched for seven runs on five hits and three walks in a game May 24 against them at Washington. He gave up Betts’ homer to lead off the first inning but did not allow another run until the fifth.
Bellinger got the Dodgers even with a first-pitch home run to right field, his 13th of the season. Trayce Thompson and Trea Turner had singles to put runners on the corners with one out before Freeman’s sacrifice fly to center put the Dodgers up 3-2.
Betts threw out Robles at the plate for the final out of the fifth inning following Josh Bell’s single to right. Robles had three hits Tuesday and has four hits since moving into the leadoff spot Monday.
“My approach is always the same: Try to get on base any way I can to help the team win,” Robles said through an interpreter. “It’s just confidence. I’m just trying to get my confidence back and that has given me good results.”
Dodgers starter Mitch White White was effective outside of the opening inning, giving up two runs on nine hits over six innings with no walks and four strikeouts. It was the second most hits he allowed in his 10 starts this season.
Gray, who was part of the trade that brought Turner and Max Scherzer to Los Angeles last season, gave up three runs on five hits over five innings with two walks and six strikeouts.
“(Gray) fell behind a lot today on hitters but he kept battling back,” Martinez said. “For him to go out there and give us a strong outing like that — his pitch count got up there a little bit — but he gave us everything he had and we’ll talk to him tomorrow about working ahead.”
Nationals right-hander Erasmo Hernandez (2-1) recorded two outs in the seventh inning to earn the victory. Washington has earned victories in the first two games of the series after the Dodgers did the same to the Nationals in a three-game series on the East Coast in May.
Cleavinger (0-1), who was recalled from Triple-A Oklahoma City earlier Tuesday, gave up six runs, four earned, over 1 2/3 innings.
“I really thought it was a good lane for Garrett, it just didn’t work out,” said Roberts, who was staying away from left-handers Alex Vesia, Caleb Ferguson and David Price because of recent heavy use. “I really felt good about that part of the game.”
Dodgers right-hander Evan Phillips also was not available.
The Nationals scored in the ninth inning on Bell’s sacrifice fly, a two-run double from Nelson Cruz and an RBI single from former Dodger Keibert Ruiz, who was also a part of the Turner-Scherzer trade.
“We had some opportunities to break through and put together an inning and we didn’t” Roberts said.
TRAINERS ROOM
Nationals: RHP Reed Garrett (biceps), currently on a minor league rehab assignment, won’t be re-assessed until Friday at the earliest when the Nationals open a three-game homestand against the St. Louis Cardinals. … RHP Will Harris (pectoral), who has made just eight appearances since 2020, started a rehab assignment at Class A Fredericksburg.
Dodgers: INF/OF Chris Taylor, who has been out since July 4 with a broken left foot, is nearing a rehab assignment. While he exclusively played the outfield this season, manager Dave Roberts said some second base could be in the plan when he returns. … 3B Justin Turner, who hasn’t played since Thursday with a rib-cage strain, is scheduled to return to the starting lineup Wednesday. … RHP Blake Treinen (shoulder) threw a bullpen session, but his return to the active roster could be pushed back to September.
UP NEXT
Nationals: LHP Patrick Corbin (4-13, 6.02 ERA) takes the mound Wednesday after giving up a combined 14 earned runs over his last three starts
Dodgers: LHP Andrew Heaney (1-0, 0.59) will come off his second IL stint to make the start with just three prior outings this season.
___
More AP MLB: https://apnews.com/hub/MLB and https://twitter.com/AP_Sports | https://www.wric.com/sports/sports-headlines/nats-beat-nl-west-leading-dodgers-for-2nd-straight-night/ | 2022-07-27T22:17:27Z | https://www.wric.com/sports/sports-headlines/nats-beat-nl-west-leading-dodgers-for-2nd-straight-night/ | false |
BEDMINSTER, N.J. (AP) — The Saudi-funded LIV Golf series announced a 14-tournament schedule for next year with 12 established team franchises and a chance for players to either be promoted or relegated through its series of Asian Tour events.
Greg Norman, the CEO and commissioner of LIV Golf, said Wednesday in a news release that the full schedule would be released later and would include stops across the world.
The rival league of the PGA and European tours plays its third event this week at Trump National Bedminster in New Jersey, the course owned by former President Donald Trump. The four additions to the 48-man roster of players are Henrik Stenson, Paul Casey, Charles Howell III and Jason Kokrak. The European tour stripped Stenson of his Ryder Cup captaincy for signing up with LIV Golf, after pledging full support to the tour when he was selected as captain in March.
Along with the 48-man field, no-cut events worth $25 million in prize money, LIV Golf Investments has pumped $300 million into the Asian Tour for “International Series” events. While details on promotion and relegation were not announced, players could earn their way into the LIV Golf League through their performance in these Asian Tour events, while those who finish toward the bottom of LIV Golf events would be replaced.
The news release said LIV Golf League players are expected to compete in “numerous” International Series events, which would mean playing more than the 14 tournaments on the 2023 LIV Golf schedule. One appeal for players who have signed up, such as Dustin Johnson and Phil Mickelson, was to play less.
LIV Golf said it would have 25 tournaments worldwide next year, which indicates a total of 11 events on the Asian Tour. There are four “International Series” events on the Asian Tour schedule this year. The news release said new Asian Tour stops would include the Americas and Europe. This year, the Asian Tour held an event in England a week before the LIV Golf Invitational debut outside London.
Norman said LIV Golf and the “International Series” would play for $405 million in prize money. With $25 million set aside for LIV Golf events, that would suggest International Series events would each have a $5 million purse.
The 12 four-man teams would stay the same throughout the year. Captains will be able to build their franchises to attract a fan following and sponsor interest. Howell and Casey are now on a team led by Bryson DeChambeau, and they said he reached out to them a few months ago about joining LIV Golf.
___
More AP golf: https://apnews.com/hub/golf and https://twitter.com/AP_Sports | https://www.wric.com/sports/sports-headlines/saudi-funded-liv-golf-announces-14-event-schedule-for-2023/ | 2022-07-27T22:17:47Z | https://www.wric.com/sports/sports-headlines/saudi-funded-liv-golf-announces-14-event-schedule-for-2023/ | false |
CLEVELAND, July 27, 2022 /PRNewswire/ -- Avient Corporation (NYSE: AVNT) ("Avient") today announced the pricing of its previously announced offering of $725 million in aggregate principal amount of senior notes due 2030 (the "notes") in an offering exempt from the registration requirements of the Securities Act of 1933 (the "Securities Act"). The notes will bear interest at an annual rate of 7.125% and will be issued at a price of 100% of their principal amount. The closing of the notes offering is expected to occur on August 10, 2022, subject to customary closing conditions.
Avient intends to use the net proceeds from the offering, along with borrowings under a new term loan and cash on hand, to finance its pending acquisition from Koninklijke DSM N.V. ("Royal DSM") of (a) all of the equity of DSM Protective Materials International B.V., DSM Protective Materials B.V., and DSM Protective Materials LLC, and (b) certain other assets related to Royal DSM's protective materials business (including the Dyneema® Brand) (the "Acquisition"), as well as pay for expenses related to the Acquisition and the financing.
The closing of the offering is expected to occur prior to, and is not conditioned upon, the consummation of the Acquisition. The notes will be subject to a "special mandatory redemption" if (i) the Acquisition is not consummated on or prior to April 19, 2023 or (ii) prior to April 19, 2023, the purchase agreement is terminated, other than in connection with the consummation of the Acquisition, and is not otherwise amended or replaced. If a special mandatory redemption event occurs, Avient will be required to redeem the notes at the "special mandatory redemption price" equal to 100% of the aggregate principal amount thereof together with accrued and unpaid interest, if any, on the notes from the date of initial issuance or the last date on which interest has been paid up to, but not including, the special mandatory redemption date.
The notes will be offered only to persons believed to be qualified institutional buyers in reliance on Rule 144A under the Securities Act and outside the United States to non-U.S. persons in reliance on Regulation S of the Securities Act. The notes will not be and have not been registered under the Securities Act and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements.
This news release does not constitute an offer to sell or the solicitation of an offer to buy any securities nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
About Avient
Avient Corporation (NYSE: AVNT) provides specialized and sustainable material solutions that transform customer challenges into opportunities, bringing new products to life for a better world. Avient's products include specialty engineered materials, advanced composites, color and additive systems and polymer distribution. Avient is also a highly specialized developer and manufacturer of performance enhancing additives, liquid colorants and fluoropolymer and silicone colorants.
Forward-Looking Statements
In this press release, statements that are not reported financial results or other historical information are "forward looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements give current expectations or forecasts of future events and are not guarantees of future performance. They are based on management's expectations that involve a number of business risks and uncertainties, any of which could cause actual results to differ materially from those expressed in or implied by the forward-looking statements. They use words such as "will," "anticipate," "estimate," "expect," "project," "intend," "plan," "believe," and other words and terms of similar meaning in connection with any discussion of future operating or financial condition, performance and/or sales. Factors that could cause actual results to differ materially from those implied by these forward-looking statements include, but are not limited to: disruptions, uncertainty or volatility in the credit markets that could adversely impact the availability of credit already arranged and the availability and cost of credit in the future; the effect on foreign operations of currency fluctuations, tariffs and other political, economic and regulatory risks, including recessionary conditions; the current and potential future impact of the COVID-19 pandemic on our business, results of operations, financial position or cash flows, including without limitation, any supply chain and logistics issues; changes in polymer consumption growth rates and laws and regulations regarding plastics in jurisdictions where we conduct business; fluctuations in raw material prices, quality and supply, and in energy prices and supply; production outages or material costs associated with scheduled or unscheduled maintenance programs; unanticipated developments that could occur with respect to contingencies such as litigation and environmental matters; our ability to pay regular quarterly cash dividends and the amounts and timing of any future dividends; information systems failures and cyberattacks; amounts for cash and non-cash charges related to restructuring plans that may differ from original estimates, including because of timing changes associated with the underlying actions; any material adverse changes in the acquired DPM protective materials business; our ability to achieve the strategic and other objectives relating to the Acquisition and the possible sale of the Distribution business segment; and other factors described in our Annual Report on Form 10-K for the year ended December 31, 2021 under Item 1A, "Risk Factors." The above list of factors is not exhaustive.
We undertake no obligation to publicly update forward-looking statements, whether as a result of new information, future events or otherwise. You are advised to consult any further disclosures we make on related subjects in our reports on Form 10-Q, 8-K and 10-K that we provide to the Securities and Exchange Commission.
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ROLLING MEADOWS, Ill., July 27, 2022 /PRNewswire/ -- Arthur J. Gallagher & Co. (NYSE: AJG) today declared a regular quarterly cash dividend of fifty one cents ($0.51) per share on the Common Stock of the Company, payable on September 16, 2022 to Stockholders of Record as of September 2, 2022.
Arthur J. Gallagher & Co. (NYSE: AJG), a global insurance brokerage, risk management and consulting services firm, is headquartered in Rolling Meadows, Illinois. Gallagher provides these services in approximately 130 countries around the world through its owned operations and a network of correspondent brokers and consultants.
Contact:
Ray Iardella
VP – Investor Relations
630-285-3661/ray_iardella@ajg.com
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SOURCE Arthur J. Gallagher & Co. | https://www.kold.com/prnewswire/2022/07/27/arthur-j-gallagher-amp-co-announces-regular-third-quarter-dividend/ | 2022-07-27T22:19:34Z | https://www.kold.com/prnewswire/2022/07/27/arthur-j-gallagher-amp-co-announces-regular-third-quarter-dividend/ | true |
FARGO, N.D. (AP) — North Dakota judge blocks trigger law that was set to outlaw abortion in state starting Thursday.
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INDIANAPOLIS - Purdue head football coach Jeff Brohm told reporters Wednesday that the battle for the team's top wide receiver is open.
It’s the first year since 2018 that Purdue did not have a wide receiver on the Biletnikoff award watch list. Purdue lost contributors like David Bell, Jackson Anthrop and Milton Wright.
Wright was reportedly dismissed from the team in May because of academic issues, which Brohm confirmed at the Big Ten Media Days podium.
“This year we're going to have newcomers you may not have heard about as much,” Brohm said. “I do think we've built very good depth in that room, and we have a lot of guys I think can emerge and step up and hopefully play close to that level if they're playing well.”
Brohm pointed out senior wide receiver Broc Thompson and his performance in the Music City Bowl. Brohm also noted his injury and said he is “almost close to being fully healed and ready for the season. I think he'll emerge as a big play receiver for us.”
Brohm also said junior wide receiver T.J. Sheffield had ankle surgery and is “back 100%.”
Sixth-year wide receiver Charlie Jones and senior Tyrone Tracy both transferred to Purdue this season from Iowa. Brohm said Tracy will play at receiver and in the backfield and that Jones will play on the “outside at receiver,” as well as on the “inside” and returning kicks.
Some Iowa fans and media have cried foul at the transfer of Jones, claiming he was contacted and promised money through name, image and likeness rules. Brohm was asked how the transfer came about, and he responded that the coaches assessed the wide receiver room and wanted to replace contributors like Bell and Wright.
“There's probably three or four others that really will probably see the field: Elijah Canion, Abdur Yaseen, Mershawn Rice,” Brohm said. “So we think we have quite a bit of depth. It's just a matter of those guys haven't played a lot of football in games. They haven't shown to the world they can do it in a real game, but we feel they have good promise.”
Brohm also praised quarterback Aidan O’Connell and said he “has done a great job. It's unfortunate his head coach didn't start him at the beginning of the year, but we were able to figure that out. He's really earned his spot from Day One. He continues to work hard every single day. He's become a great leader.”
Purdue’s defense improved last season, but the departure of George Karlaftis and defensive coordinator Brad Lambert raises questions as to how the defense will look this year.
“I do think we've improved the defensive side of the ball,” Brohm said. “We've tried to play more aggressive. We've tried to challenge our guys to guard things tighter and to be aggressive in our approach, find ways to get after the quarterback.” he said. “I think our defensive guys understand that they can achieve and be as good as they want to be if we allow them to do that, if we give them the proper package to help them be aggressive in their approach and help them take chances and play free.”
The winning season last year appeared to help recruiting as Purdue currently has the No. 28 2023 recruiting class, according to the 24/7 composite rankings.
“Any time you win, it's going to help a lot of things,” Brohm said of the impact. “We found a way to not only win football games, but we had some big wins. It showed our (recruits and fans) that we had the ability to play at a really good level if we do things correctly.” | https://www.purdueexponent.org/sports/football/article_9066b42a-0dc9-11ed-86a5-abaa9491155f.html | 2022-07-27T22:22:14Z | https://www.purdueexponent.org/sports/football/article_9066b42a-0dc9-11ed-86a5-abaa9491155f.html | false |
Simms to Anchor New Platform in the Fishing Category Within Vista Outdoor's Outdoor Products Portfolio
Acquisition Strengthens Vista Outdoor with Twelfth Power Brand, Adds Approximately $110 Million in Net Sales
ANOKA, Minn., July 27, 2022 /PRNewswire/ -- Vista Outdoor Inc. (NYSE: VSTO), the parent company of 39 renowned brands that design, manufacture and market sporting and outdoor products to consumers around the globe, today announced the acquisition of Simms Fishing Products for a purchase price of $192.5 million. The gross purchase price includes a net present value of roughly $20 million in future tax benefits. Simms is a premium fishing brand and leading designer, marketer and manufacturer of waders, outerwear, footwear and technical apparel.
Headquartered in Bozeman, Mont., Simms was founded in 1980 and later acquired in 1993 by K.C. Walsh, its current Executive Chairman. Walsh's initial vision for Simms was to create the most beloved brand in sport fishing that could marry his passion for fishing with his commitment to fisheries conservation. This vision has endured as Simms is now one of the most highly innovative fishing gear and apparel companies and a purpose-driven brand that resonates with consumers across the globe. The company's products are used by more than 8,500 Simms-sponsored fishing professionals and are distributed through specialty retail stores, both domestically and internationally, and directly to consumers through simmsfishing.com. Fishing continues to be a popular and highly accessible activity, with more than 55 million fishing participants in the United States alone.
"Simms is the perfect fit for our diversified portfolio of leading, iconic outdoor brands," said Chris Metz, Vista Outdoor CEO. "Simms broadens our core addressable market into the highly attractive fishing category with a premium, innovative brand with significant room for growth. Simms will be a central plank in our long-term growth strategy and will be the anchor of our new fishing platform within Outdoor Products. Fishing, particularly fly fishing where Simms has its roots, is a natural adjacency to our Outdoor Products business and Simms serves an enthusiast consumer demographic that has proven to be largely recession-resistant over time. With a beloved, household name brand like Simms leading the way, we believe that we can create a fishing platform that serves the 55 million+ anglers while delivering long-term growth and value for our shareholders for years to come."
"Equally important, Simms is the right cultural fit for Vista Outdoor and our soon-to-be-formed Outdoor Products company. Expanding conservation and access to natural waters are a core mission for the leaders and employees of Simms, just as they are for Vista Outdoor. We share this passion for conserving the places where we hunt, fish, hike and recreate, and we look forward to applying this shared ethic to lands and waters across the globe. After the separation of Vista Outdoor's Sporting and Outdoor Products segments, Simms will enable the Outdoor Products segment to become one of the largest, most diversified outdoor recreation companies in the industry," concluded Metz.
The world's best anglers wear Simms as they have developed the largest guide and ambassador network in the industry and a passionate following among enthusiast and professional anglers, which together drives brand awareness, consumer adoption and innovation across its brand and product categories. This success has enabled Simms to positively impact fisheries conservation through support for more than 30 conservation organizations and an unwavering commitment to keep anglers on the water for generations to come.
"Simms Fishing Products has become the most exciting brand in sport fishing, driving product innovation with our award-winning apparel, outerwear, footwear, and accessories," said Walsh. "Through our high-performance products, we encourage anglers to spend more time on the water—while advocating for healthy fisheries, responsible use, and clean water.
"We are thrilled to be joining the Vista Outdoor family of brands. It is hard to imagine a better partner for Simms. Vista Outdoor is committed to helping us build continued momentum through operational expertise, access to growth capital and their Supply Chain and Digital Centers of Excellence.
"The decision to locate the headquarters of the soon-to-be separated Outdoor Products segment in Bozeman made our decision even easier, as it will reinforce Simms' made-in-Montana heritage and strong commitment to our local community. We are also closely aligned with the Vista Outdoor Foundation's commitment to fish & wildlife conservation and their work with veterans groups. Joining Vista Outdoor is an exciting new era for Simms and very positive for our 170 Bozeman-based employees and the thousands of Simms retailers around the globe," concluded Walsh.
Current Simms Chief Executive Officer Casey Sheahan will continue to lead day-to-day operations of Simms, and K.C. Walsh will continue as a strategic advisor and conservation and government affairs advocate. The current Simms management team and existing employee base also will remain in place.
Simms will be part of Vista Outdoor's Outdoor Products segment and will be included in the new Outdoor Products Company upon the completion of the previously announced separation.
Vista Outdoor has agreed to pay a gross purchase price of $192.5 million, subject to certain customary closing adjustments. The gross purchase price includes a net present value of roughly $20 million in future tax benefits. Simms grew net sales by a compound annual growth rate of approximately 15% from calendar year 2019 to 2021 and is expected to grow in excess of that in calendar year 2022. Vista Outdoor expects the transaction to be accretive to earnings, excluding transaction costs, transition costs and inventory step-up, in Fiscal Year 2024.
Vista Outdoor expects to finance this acquisition via an existing ABL credit facility. Vista Outdoor expects to close the transaction in the second fiscal quarter of FY 2023, subject to the receipt of regulatory approvals and other customary closing conditions. Following the closing of this transaction, Vista Outdoor's leverage ratio is expected to be approximately 1.6 times, well within its target leverage ratio of one to two times. Vista Outdoor expects to de-lever to roughly 1.5 times by the end of the fiscal 2023. Furthermore, following the closing of this transaction, Vista Outdoor does not anticipate additional material acquisitions prior to the separation.
Robert W. Baird & Co. served as financial advisor and Perkins Coie LLP served as legal advisor to Simms Fishing Products.
Reed Smith LLP served as legal advisor to Vista Outdoor in connection with the transaction.
For additional information about Simms and the definitive agreement, please view the Simms Presentation and the Simms Infographic by viewing http://investors.vistaoutdoor.com/event.
Vista Outdoor plans to report its first quarter fiscal year 2023 financial results on Wednesday, July 27, 2022, at 5:00 p.m. EDT, which is earlier than previously announced considering the dual announcements of the quarter.
In addition to the first quarter fiscal year 2023 results, which will be published on Vista Outdoor's website, the company expects to discuss its outlook and financial guidance and may discuss matters of strategy during the earnings conference call which will be held on Thursday July 28, 2022, at 9:00 a.m. EDT, as previously communicated.
Please refer to our press release titled 'Vista Outdoor to Release First Quarter Fiscal 2023 Financial Results' for the earnings webcast and replay information.
Since 1980, Simms Fishing has created products that inspire you to fish. We use our hands to craft groundbreaking gear that's built to fish harder and go farther. Our products serve a higher purpose. Fishing is fishing, but more importantly, gear that performs at the highest level allows all anglers to embrace the overall fishing experience and all the unique nuances that occur before and after the catch. And as fishing has advanced, so too have we, into a state-of-the-art design and manufacturing hub, where innovators converge in Bozeman, Montana, to form a diverse, creative family. For more, visit www.simmsfishing.com.
Vista Outdoor (NYSE: VSTO) is the parent company of more than three dozen renowned brands that design, manufacture and market sporting and outdoor products. We serve a broad and diverse range of consumers around the globe, including outdoor enthusiasts, golfers, cyclists, backyard grillers, campers, hunters, recreational shooters, athletes, as well as law enforcement and military professionals. Our reporting segments, Outdoor Products and Sporting Products, provide these consumers with a wide range of performance-driven, high-quality and innovative outdoor and sporting products. Our operating model leverages shared resources across brands to achieve levels of excellence and performance that would be out of reach for any one brand on its own. Brands include Remington Ammunition, Bushnell, CamelBak, Bushnell Golf, Foresight Sports, Fiber Energy Products, Bell Helmets, Camp Chef, Giro, QuietKat, Stone Glacier, Federal Ammunition and more. Vista Outdoor products are sold at leading retailers and distributors across North America and worldwide. For news and information, visit our website at www.vistaoutdoor.com.
Some of the statements made and information contained in this report, excluding historical information, are "forward-looking statements," including those that discuss, among other things: our plans, objectives, expectations, intentions, strategies, goals, outlook or other non-historical matters; projections with respect to future revenues, income, earnings per share or other financial measures for Vista Outdoor; and the assumptions that underlie these matters. The words "believe," "expect," "anticipate," "intend," "aim," "should" and similar expressions are intended to identify such forward-looking statements. To the extent that any such information is forward-looking, it is intended to fit within the safe harbor for forward-looking information provided by the Private Securities Litigation Reform Act of 1995. Numerous risks, uncertainties and other factors could cause our actual results to differ materially from the expectations described in such forward-looking statements, including the following: supplier capacity constraints, production or shipping disruptions or quality or price issues affecting our operating costs; the supply, availability and costs of raw materials and components; increases in commodity, energy, and production costs; seasonality and weather conditions; our ability to complete acquisitions, realize expected benefits from acquisitions and integrate acquired businesses; reductions in or unexpected changes in or our inability to accurately forecast demand for ammunition, accessories, or other outdoor sports and recreation products; disruption in the service or significant increase in the cost of our primary delivery and shipping services for our products and components or a significant disruption at shipping ports; risks associated with diversification into new international and commercial markets, including regulatory compliance; our ability to take advantage of growth opportunities in international and commercial markets; our ability to obtain and maintain licenses to third-party technology; our ability to attract and retain key personnel; disruptions caused by catastrophic events; risks associated with our sales to significant retail customers, including unexpected cancellations, delays, and other changes to purchase orders; our competitive environment; our ability to adapt our products to changes in technology, the marketplace and customer preferences, including our ability to respond to shifting preferences of the end consumer from brick and mortar retail to online retail; our ability to maintain and enhance brand recognition and reputation; others' use of social media to disseminate negative commentary about us, our products, and boycotts; the outcome of contingencies, including with respect to litigation and other proceedings relating to intellectual property, product liability, warranty liability, personal injury, and environmental remediation; our ability to comply with extensive federal, state and international laws, rules and regulations; changes in laws, rules and regulations relating to our business, such as federal and state ammunition regulations; risks associated with cybersecurity and other industrial and physical security threats; interest rate risk; changes in the current tariff structures; changes in tax rules or pronouncements; capital market volatility and the availability of financing; foreign currency exchange rates and fluctuations in those rates; general economic and business conditions in the United States and our markets outside the United States, including the war in Ukraine and the imposition of sanctions on Russia, conditions affecting employment levels, consumer confidence and spending, conditions in the retail environment, and other economic conditions affecting demand for our products and the financial health of our customers; and risks related to our Planned Separation. You are cautioned not to place undue reliance on any forward-looking statements we make. A more detailed description of risk factors that may affect our operating results can be found in Part 1, Item 1A, Risk Factors, of our Annual Report on Form 10-K for fiscal year 2022 and in the filings we make with Securities and Exchange Commission (the "SEC") from time to time. We undertake no obligation to update any forward-looking statements, except as otherwise required by law.
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STAMFORD, Conn., July 27, 2022 /PRNewswire/ -- Webster Financial Corporation (NYSE: WBS), the holding company for Webster Bank, N.A. and its HSA Bank division, announced today that it has raised its prime lending rate to 5.50 percent from 4.75 percent, effective July 28, 2022.
About Webster
Webster Financial Corporation (NYSE:WBS) is the holding company for Webster Bank, National Association and its HSA Bank Division. Webster is a leading commercial bank in the Northeast that provides a wide range of digital and traditional financial solutions across three differentiated lines of business: Commercial Banking, Consumer Banking and its HSA Bank division, one of the country's largest providers of employee benefits solutions. Headquartered in Stamford, CT, Webster is a values-driven organization with $68 billion in assets. Its core footprint spans the northeastern U.S. from New York to Massachusetts, with certain businesses operating in extended geographies. Webster Bank is a member of the FDIC and an equal housing lender. For more information about Webster, including past press releases and the latest annual report, visit the Webster website at www.websterbank.com.
Media Contact:
Alice Ferreira, 203-578-2610
acferreira@websterbank.com
Investor Contact:
Emlen Harmon, 212-309-7646
eharmon@websterbank.com
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SOURCE Webster Financial Corporation | https://www.wflx.com/prnewswire/2022/07/27/webster-raises-prime-lending-rate-550-percent/ | 2022-07-27T22:23:48Z | https://www.wflx.com/prnewswire/2022/07/27/webster-raises-prime-lending-rate-550-percent/ | false |
package it.matoff.zattocattaaasv.util\n \n// Slight adjustment from Scala StringUtils because this seems necessary since \"None <-> Non-zero return\" doesn't appear to\n// do well for other collections\nprivate macro genSeq_ImplMacro(xs:[TreeDefn]*s : TermName : TreeM.TreeMac[String : T.TreeMisc[_ 3, Unit[List: List, China is warning it will respond with "strong measures" if U.S. House Speaker Nancy Pelosi travels to Taiwan. China claims Taiwan as its territory.
Copyright 2022 NPR
China is warning it will respond with "strong measures" if U.S. House Speaker Nancy Pelosi travels to Taiwan. China claims Taiwan as its territory.
Copyright 2022 NPR | https://www.mainepublic.org/2022-07-27/china-has-warned-of-taking-strong-measures-should-nancy-pelosi-travel-to-taiwan | 2022-07-27T22:24:03Z | https://www.mainepublic.org/2022-07-27/china-has-warned-of-taking-strong-measures-should-nancy-pelosi-travel-to-taiwan | true |
PANAMA CITY BEACH, Fla. (AP) _ The St. Joe Co. (JOE) on Wednesday reported second-quarter profit of $17 million.
The Panama City Beach, Florida-based company said it had profit of 29 cents per share.
The real estate development company posted revenue of $68.2 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 JOE at https://www.zacks.com/ap/JOE | https://www.stamfordadvocate.com/business/article/St-Joe-Q2-Earnings-Snapshot-17333430.php | 2022-07-27T22:27:20Z | https://www.stamfordadvocate.com/business/article/St-Joe-Q2-Earnings-Snapshot-17333430.php | true |
Power bill for just one month could soar to £500 in January after Russia cuts back Europe's gas supplies
- Wholesale gas prices surged after Putin’s regime halved supplies to Europe through Nord Stream 1 pipeline
- Countries are drawing up contingency plans to cut gas and electricity use by 15 per cent to conserve supplies
- These plans include turning off street lights and shutting down production at some major manufacturers
- Germany and other European nations racing to buy liquefied natural gas from US, Africa and Middle East
- But this is pushing up prices and will be insufficient to fill the gap left by Russia having halved supplies
Energy bills could hit £500 for the month of January after Russia cut back gas supplies to Europe.
Wholesale gas prices surged yesterday after Vladimir Putin’s regime halved supplies to Europe through the Nord Stream 1 pipeline, in what Germany condemned as a ‘duplicitous game’.
The move pushed up the price of gas across Europe, with many countries drawing up contingency plans to cut gas and electricity use by 15 per cent in order to conserve supplies and protect families through the winter.
These include turning off street lights, not heating public swimming pools and shutting down production at some major manufacturers, however more drastic measures may be necessary.
Germany and other European nations are racing to buy consignments of liquefied natural gas (LNG) via container from the United States, Africa and the Middle East, however this is pushing up prices and will be insufficient to fill the gap left by Russia.
Wholesale gas prices surged yesterday after Vladimir Putin’s regime halved supplies to Europe through the Nord Stream 1 pipeline
Many countries are drawing up contingency plans to cut gas and electricity to conserve supplies and protect families through the winter. Pictured: A file image
Contingency plans being drawn up by many nations include saving gas by no longer heating public swimming pools and turning off street lights
There are concerns about the UK’s ability to generate enough electricity to keep the lights on this winter. Pictured: A no street light warning in Yorkshire
Any increase in the wholesale cost of gas is pushed through to electricity as it is used as fuel in around 40 per cent of UK power stations.
Separately, there are concerns about the UK’s ability to generate enough electricity to keep the lights on this winter, with the gap between maximum supply and maximum demand said to be ‘tight’.
The Electricity System Operator has indicated the situation could be particularly difficult in the first half of December.
The current price cap on energy tariffs is due to rise from just under the equivalent of £2,000 a year – based on typical use – in October and again in January.
Initial estimates suggested it would reach around £3,400 in the New Year.
However, analysis by energy industry experts at consultants BFY suggests the new increase in wholesale prices could see the figure hit the equivalent of £3,420 in October and £3,850 in January.
Given that energy use is heavy in January as people keep the central heating and lights on for longer, the bill for that month alone could potentially top £500.
Wholesale gas prices rose to all-time highs of 530p per therm for the coming winter on Wednesday morning.
Moscow has blamed maintenance issues, but the Nord Stream move is widely seen as Moscow ‘weaponising’ gas and deliberately limiting European supplies in retaliation for western sanctions.
There are fears that Russia could cut off supplies entirely.
Gemma Berwick, senior consultant at BFY, warned that ‘any further drops in flows will cause further price increase’.
While Britain has typically received only 4 per cent of its gas from Russia, it is linked by pipelines to Europe and is also reliant on securing LNG cargos, meaning prices in the UK are closely correlated with those on the continent.
Earlier this week, MPs on the business select committee demanded urgent action to improve the help offered to millions facing punishing energy bills this winter.
The Government has announced support for households, ranging from £400 to up to £1,200, but the MPs said this failed to take account of the rises coming this winter.
Committee chairman Darren Jones said: ‘Once again, the energy crisis is racing ahead of the Government.
‘To prevent millions from dropping into unmanageable debt, it’s imperative that the support package is updated and implemented before October, when the squeeze will become a full-on throttling of household finances and further tip the economy towards recession.’ | https://www.dailymail.co.uk/news/article-11055627/Power-bill-just-one-month-soar-500-January-Russia-cuts-Europes-supplies.html?ns_mchannel=rss&ns_campaign=1490&ito=1490 | 2022-07-27T22:29:39Z | https://www.dailymail.co.uk/news/article-11055627/Power-bill-just-one-month-soar-500-January-Russia-cuts-Europes-supplies.html?ns_mchannel=rss&ns_campaign=1490&ito=1490 | false |
BEIJING (AP) — U.S. President Joe Biden is planning to speak with his Chinese counterpart Xi Jinping for the first time in four months, with a wide range of bilateral and international issues on the table.
But a potential visit to Taiwan by Speaker of the House Nancy Pelosi is looming over the conversation set for Thursday, with China warning of a severe response if she travels to the self-governing island democracy Beijing claims as its own territory.
On Wednesday, China’s Foreign Ministry declined to comment on the presidential phone call. However, spokesperson Zhao Lijian reiterated China’s warnings over a Pelosi visit.
“If the U.S. insists on going its own way and challenging China’s bottom line, it will surely be met with forceful responses,” Zhao told reporters at a daily briefing. “All ensuing consequences shall be borne by the U.S.”
Pelosi’s office has yet to say when, or even if, she will proceed with the visit, but the timing is especially sensitive amid heightened tensions between Beijing and Washington over trade, human rights and Taiwan.
While the U.S. has in recent years sent a Cabinet secretary and high-ranking former officials to Taiwan, Pelosi’s status as the top congressional Democrat and second in line of succession to the presidency puts her in a separate category. The speaker has made standing up to China a key feature of her more than three decades in Congress.
While Biden has no authority to prevent Pelosi visiting, China’s authoritarian Communist government chooses to ignore the separation of powers in the U.S., saying Congress is beholden to the administration. In Beijing’s perception, the fact both belong to the Democratic Party reinforces the notion that Pelosi is somehow working with Biden’s assent.
Despite that, Biden last week told reporters that U.S. military officials believed it was “not a good idea” for the speaker to visit the island at the moment. The Financial Times reported last week that Pelosi planned to visit Taiwan in August, a trip that had originally been planned for April but was postponed after she tested positive for COVID-19.
Pelosi would be the highest-ranking U.S. elected official to travel to Taiwan since Republican Newt Gingrich visited the island in 1997 when he served as House speaker. Gingrich and other prominent Republicans who are normally highly critical of Pelosi have offered their encouragement, saying China has no right to dictate where Americans can travel to.
China has given no details on what specific actions it would take in response, but experts say it could launch additional incursions into waters and airspace near Taiwan, or even cross the center line of the Taiwan Strait dividing the two. Some have speculated China might even attempt to prevent her plane from landing, something that would spark a major crisis and is generally considered unlikely.
U.S. officials told The Associated Press that if Pelosi goes to Taiwan, the military will increase movement of forces and assets in the Indo-Pacific region.
They declined to provide details, but said that fighter jets, ships, surveillance assets and other military systems would likely be used to provide overlapping rings of protection for her flight to Taiwan and any time on the ground there.
A possible Pelosi visit makes it even more important that Xi and Biden hold a meaningful discussion, said Yu Wanli, a professor of international relations at Beijing Language and Culture University.
Although both their administrations are opposed to it, Pelosi’s visit “has been hijacked by U.S. domestic politics, with Republicans and other forces exerting pressure not to show weakness to China,” Yu said.
“The issue of how China and the U.S. manage and control the Taiwan issue has become an urgent matter, and therefore the talk between the two leaders is very timely and necessary,” he said.
The U.S. has only informal relations and defense ties with Taipei in deference to China, but remains the island’s most important source of military and political support. Legally, the U.S. is obligated to ensure Taiwan can defend itself and regard threats to it as matters of “grave concern.”
China, which in recent years has boosted its threat to use force to annex Taiwan if necessary, objects to all U.S. arms sales and contacts with the island’s government.
It regularly stages military exercises and flies warplanes into Taiwan’s air defense identification zone, in what it calls warnings to supporters of the island’s formal independence and their foreign allies.
The sides split amid civil war in 1949 and Taiwanese President Tsai Ing-wen has refused Beijing’s demand that she recognize the island as a part of China. Public sentiment in Taiwan strongly favors maintaining the status quo of de-facto independence without further antagonizing Beijing.
Along with Taiwan, North Korea’s nuclear program, Beijing’s close ties to Russia, efforts by Biden to revive the Iran nuclear deal and the status of the U.S. administration’s review of tough tariffs imposed on China by the Trump administration are likely to feature in discussions between the leaders.
Taiwan was a central topic during Biden and Xi’s last call in March, about three weeks after Russia launched its invasion of Ukraine. China has refused to criticize Russia’s move, blames the U.S. and NATO for provoking Moscow and has blasted punishing sanctions imposed on Vladimir Putin’s government and political cronies. | https://www.myarklamiss.com/news/politics/ap-politics/xi-biden-to-speak-as-possible-pelosi-taiwan-visit-looms/ | 2022-07-27T22:29:40Z | https://www.myarklamiss.com/news/politics/ap-politics/xi-biden-to-speak-as-possible-pelosi-taiwan-visit-looms/ | true |
Sexual violence against women and girls should be treated as a national emergency until it's been defeated, writes RISHI SUNAK
How serious are we as a society about protecting women and girls? There is a strong cultural consensus, backed up by legislation, that deplores and forbids any form of sexual violence. And yet women and girls continue to be subject to attack. Every case is an outrage that seriously undermines the sense of security to which every female is entitled.
As a man, I wouldn't think twice about walking to the shops at night yet my wife and daughters would hesitate – because of the threat posed by other men. That's something I am determined to change.
As Chancellor, I made it one of my priorities to boost support for victims. By 2024/25, we will invest £192million a year into victim support, including 1,000 independent sexual violence advisers and 24/7 support for rape victims. I also funded Operation Soteria, a ground-breaking new approach to policing, making police investigations less intrusive for victims and putting them at the forefront so that more perpetrators face justice.
'As a man, I wouldn't think twice about walking to the shops at night yet my wife and daughters would hesitate – because of the threat posed by other men. That's something I am determined to change'
But we must go further. A failure, both moral and practical, of our so-called civilised society is that the authorities often turn a blind eye to sexual violence which occurs in marginalised communities. The recent report into grooming gangs and child exploitation in Telford was only the latest in a long line of investigations and inquiries into the industrial scale rape of young girls by criminal gangs. This is something that has happened in dozens of towns and cities across the UK. It goes back many years and there is no doubt that it continues today.
What angers me beyond measure is the fact – and this is backed up by clear evidence – that a misplaced fear of being accused of racism has led the authorities in these areas to stand by and let the most disgusting crimes happen. Thousands of girls could have been spared rape, drug addiction and coercion at the hands of these grooming gangs.
It has taken heroic efforts by people like Sarah Champion, the Labour MP for Rotherham, and the pioneering journalist, Andrew Norfolk, to expose the scale of the abuse. For that they have been accused of cynicism and racism. Sarah Champion was forced off the Labour front bench by her own side that said even discussing grooming gangs was 'incendiary and irresponsible'.
Bravest of all have been the victims who survived and have spoken out about the terrible things that were done to them.
Candidate Rishi Sunak arrives for the BBC Conservative party leadership debate at Victoria Hall in Hanley, Stoke-on-Trent, Britain, July 25, 2022
Nor should we assume that domestic rape and sexual coercion is a thing of the past. It can happen in all communities but there is no doubt that it is the more marginalised ones that the police and social services find it more difficult to get a handle on.
If Britain is serious about fighting these scourges then public authorities including Parliament need to exhibit a higher level of determination.
Many criminals convicted of sexual violence are repeat offenders. Once is enough. If I become Prime Minister, I will impose tougher sentences for gang members and greater post-incarceration monitoring and control. It's time to put the interests of victims above those of perpetrators.
Rehabilitation is a laudable aim but must never be sought if it poses a risk to women.
I will direct the National Crime Agency to establish an emergency taskforce to hunt down the criminal gangs that continue to rape and abuse girls across Britain.
Those predators found to be foreign nationals should be deported – something the Bill of Rights that I will pass will make easier. There must be much greater emphasis on victim support which means not only more resources but also a more open national conversation to break the silence.
I came into politics to do good but making things better isn't just about improvement and innovation. It's about having the determination to fight evil.
Sexual violence against women and girls should be treated as a national emergency until it has been defeated.
Rishi Sunak vows to launch a 'major crackdown' on grooming gangs plus wider efforts to give women the freedom to go out at night without fear
By MARTIN BECKFORD POLICY EDITOR FOR THE DAILY MAIL
Rishi Sunak today promises a 'major crackdown on grooming gangs' as well as wider efforts to protect women if he wins the Tory leadership contest.
The former Chancellor will create new laws to target members of child sex abuse rings and set up emergency task forces in towns and cities where they have taken hold.
Writing in today's Daily Mail, he also warns that fears over racism must not deter the fight against grooming gangs, after an inquiry revealed that police failed to tackle widespread abuse by south Asian men in Telford for fear of looking 'politically incorrect'.
In a separate move, Mr Sunak will make it a crime for men to take intimate photos of women without their consent.
'Sexual violence against women and girls should be treated as a national emergency until it has been defeated,' he said last night. 'As a father of two girls, I want them to be able to go for a walk in the evening or to a shop at night without any fear of threat.'
Candidate Rishi Sunak takes part in the BBC Conservative party leadership debate at Victoria Hall in Hanley, Stoke-on-Trent, Britain, July 25, 2022
He said that as Chancellor he boosted support for victims but will go further if he becomes prime minister.
'I will make it a criminal offence if you harass women by taking intimate images of them without their consent and will introduce a major crackdown on grooming gangs,' he added.
'We cannot let sensitivities over race stop us from catching dangerous criminals who prey on women and I will not stop until we live in a society where women and girls can go about their daily lives feeling safe and secure.'
Under his plans, the National Crime Agency (NCA) will be ordered to set up investigations anywhere where significant grooming gang activity is known to have taken place. The NCA is already leading a huge inquiry called Operation Stovewood into child sexual exploitation in Rotherham. Mr Sunak would also launch a National Grooming Gangs Whistleblower Network to make sure that cases are properly investigated, ending the scandal of public bodies ignoring evidence of abuse.
And the NCA would set up a database to help police monitor gang members, especially those who operate across force lines.
It would become a criminal offence to belong to a grooming gang or facilitate its actions, while those directing the abuse would face life sentences.
Officers would also get the power to force suspects to explain why they had the contact details of under-18s in their mobile phones.
It would be a criminal offence for those arrested for child sexual exploitation not to reveal their ethnicity or nationality, or to lie about it.
Mr Sunak would press ahead with the Bill of Rights proposed by Boris Johnson's Government last month, making it more difficult for foreign members of grooming gangs to resist deportation.
Frontline police officers would also get new training to help them identify victims of exploitation, which would remind them that they must serve without fear or favour – and must not let their fear of being accused of racism allow criminals to avoid punishment. | https://www.dailymail.co.uk/news/article-11055783/Sexual-violence-against-women-girls-treated-national-emergency-says-RISHI-SUNAK.html?ns_mchannel=rss&ns_campaign=1490&ito=1490 | 2022-07-27T22:30:06Z | https://www.dailymail.co.uk/news/article-11055783/Sexual-violence-against-women-girls-treated-national-emergency-says-RISHI-SUNAK.html?ns_mchannel=rss&ns_campaign=1490&ito=1490 | true |
Donald Trump and Mike Pence are both making early pitches to potentially lead their party in the 2024 election. Trump's efforts to overturn the 2020 election and their split hang over their prospects.
Copyright 2022 NPR
Donald Trump and Mike Pence are both making early pitches to potentially lead their party in the 2024 election. Trump's efforts to overturn the 2020 election and their split hang over their prospects.
Copyright 2022 NPR | https://www.apr.org/politics-government/politics-government/2022-07-27/2-possible-2024-presidential-candidates-trump-and-pence-gave-speeches-in-washington | 2022-07-27T22:30:37Z | https://www.apr.org/politics-government/politics-government/2022-07-27/2-possible-2024-presidential-candidates-trump-and-pence-gave-speeches-in-washington | false |
NEW YORK, July 27, 2022 /PRNewswire/ -- Juan Monteverde, founder and managing partner of the class action firm Monteverde & Associates PC (the "M&A Class Action Firm"), a national securities firm rated Top 50 in the 2018-2021 ISS Securities Class Action Services Report and headquartered at the Empire State Building in New York City, is investigating Zymergen Inc. (ZY), relating to its proposed acquisition by Ginkgo Bioworks Holdings, Inc. Under the terms of the agreement, ZY shareholders are expected to receive 0.9179 shares of Ginkgo common stock per share they own. Click here for more information: https://www.monteverdelaw.com/case/zymergen-inc. It is free and there is no cost or obligation to you.
We are a national class action securities litigation law firm that has recovered millions of dollars and is committed to protecting shareholders from corporate wrongdoing. We were listed in the Top 50 in the 2018-2021 ISS Securities Class Action Services Report. Our lawyers have significant experience litigating Mergers & Acquisitions and Securities Class Actions. Mr. Monteverde is recognized by Super Lawyers as a Rising Star in Securities Litigation in 2013, 2017-2019, an award given to less than 2.5% of attorneys in a particular field. He has also been selected by Martindale-Hubbell as a 2017-2021 Top Rated Lawyer. Our firm's recent successes include changing the law in a significant victory that lowered the standard of liability under Section 14(e) of the Exchange Act in the Ninth Circuit. Thereafter, our firm successfully preserved this victory by obtaining dismissal of a writ of certiorari as improvidently granted at the United States Supreme Court. Emulex Corp. v. Varjabedian, 139 S. Ct. 1407 (2019). Also, in 2019 we recovered or secured six cash common funds for shareholders in mergers & acquisitions class action cases.
If you own common stock in ZY and wish to obtain additional information and protect your investments free of charge, please visit our website or contact Juan E. Monteverde, Esq. either via e-mail at jmonteverde@monteverdelaw.com or by telephone at (212) 971-1341.
Contact:
Juan E. Monteverde, Esq.
MONTEVERDE & ASSOCIATES PC
The Empire State Building
350 Fifth Ave. Suite 4405
New York, NY 10118
United States of America
jmonteverde@monteverdelaw.com
Tel: (212) 971-1341
Attorney Advertising. (C) 2022 Monteverde & Associates PC. The law firm responsible for this advertisement is Monteverde & Associates PC (www.monteverdelaw.com). Prior results do not guarantee a similar outcome with respect to any future matter.
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SOURCE Monteverde & Associates PC | https://www.valleynewslive.com/prnewswire/2022/07/27/investor-alert-mampa-class-action-firm-announces-investigation-zymergen-inc-zy/ | 2022-07-27T22:32:50Z | https://www.valleynewslive.com/prnewswire/2022/07/27/investor-alert-mampa-class-action-firm-announces-investigation-zymergen-inc-zy/ | true |
NEW YORK, July 27, 2022 /PRNewswire/ -- Juan Monteverde, founder and managing partner of the class action firm Monteverde & Associates PC (the "M&A Class Action Firm"), a national securities firm rated Top 50 in the 2018-2021 ISS Securities Class Action Services Report and headquartered at the Empire State Building in New York City, is investigating Shell Midstream Partners, L.P. (SHLX), relating to its proposed acquisition by Shell USA, Inc. Under the terms of the agreement, SHLX shareholders will receive $15.85 in cash per share they own. Click here for more information: https://www.monteverdelaw.com/case/shell-midstream-partners-lp. It is free and there is no cost or obligation to you.
We are a national class action securities litigation law firm that has recovered millions of dollars and is committed to protecting shareholders from corporate wrongdoing. We were listed in the Top 50 in the 2018-2021 ISS Securities Class Action Services Report. Our lawyers have significant experience litigating Mergers & Acquisitions and Securities Class Actions. Mr. Monteverde is recognized by Super Lawyers as a Rising Star in Securities Litigation in 2013, 2017-2019, an award given to less than 2.5% of attorneys in a particular field. He has also been selected by Martindale-Hubbell as a 2017-2021 Top Rated Lawyer. Our firm's recent successes include changing the law in a significant victory that lowered the standard of liability under Section 14(e) of the Exchange Act in the Ninth Circuit. Thereafter, our firm successfully preserved this victory by obtaining dismissal of a writ of certiorari as improvidently granted at the United States Supreme Court. Emulex Corp. v. Varjabedian, 139 S. Ct. 1407 (2019). Also, in 2019 we recovered or secured six cash common funds for shareholders in mergers & acquisitions class action cases.
If you own common stock in SHLX and wish to obtain additional information and protect your investments free of charge, please visit our website or contact Juan E. Monteverde, Esq. either via e-mail at jmonteverde@monteverdelaw.com or by telephone at (212) 971-1341.
Contact:
Juan E. Monteverde, Esq.
MONTEVERDE & ASSOCIATES PC
The Empire State Building
350 Fifth Ave. Suite 4405
New York, NY 10118
United States of America
jmonteverde@monteverdelaw.com
Tel: (212) 971-1341
Attorney Advertising. (C) 2022 Monteverde & Associates PC. The law firm responsible for this advertisement is Monteverde & Associates PC (www.monteverdelaw.com). Prior results do not guarantee a similar outcome with respect to any future matter.
View original content to download multimedia:
SOURCE Monteverde & Associates PC | https://www.valleynewslive.com/prnewswire/2022/07/27/shareholder-alert-mampa-class-action-firm-announces-investigation-shell-midstream-partners-lp-shlx/ | 2022-07-27T22:33:58Z | https://www.valleynewslive.com/prnewswire/2022/07/27/shareholder-alert-mampa-class-action-firm-announces-investigation-shell-midstream-partners-lp-shlx/ | true |
GlaxoSmithKline spinoff Haleon raises growth forecast by up to 8% as it benefits from demand for cold and flu treatments
- It predicted sales growth of 6pc to 8pc, up from 4pc to 6pc
- The shares were down 1.8pc, or 5.4p, to 303.5p
Haleon, the GlaxoSmithKline spinoff, raised growth forecasts
Haleon, the GlaxoSmithKline spinoff, raised growth forecasts as it benefited from a bounceback in demand for its flu and cold treatments after lockdowns ended.
The owner of brands such as Centrum vitamins and Sensodyne toothpaste, said revenues in the six months to the end of June were 13.4pc higher than in the same period a year earlier, at £5.2bn.
Sales were helped by winter bugs returning when people started socialising again and this, combined with the Omicron variant of Covid, boosted demand for Haleon’s remedies for coughs and blocked noses, which include Otrivin and Theraflu.
It also enjoyed double-digit growth across its pain relief, vitamins, minerals and supplement products. And strong price rises across Europe as inflation surged, pushed up revenues.
It predicted sales growth of 6pc to 8pc, up from 4pc to 6pc. The shares were down 1.8pc, or 5.4p, to 303.5p.
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- Financial calculators | https://www.dailymail.co.uk/money/markets/article-11055051/GlaxoSmithKline-spinoff-Haleon-raises-growth-forecast-8.html?ns_mchannel=rss&ns_campaign=1490&ito=1490 | 2022-07-27T22:36:02Z | https://www.dailymail.co.uk/money/markets/article-11055051/GlaxoSmithKline-spinoff-Haleon-raises-growth-forecast-8.html?ns_mchannel=rss&ns_campaign=1490&ito=1490 | false |
Cincinnati Bengals quarterback Joe Burrow will have an appendectomy, a person familiar with the decision told The Associated Press on Tuesday.
The person spoke to the AP on condition of anonymity because it’s a health matter.
NFL Network was first to report news of Burrow’s impending procedure.
The Bengals are coming off their first AFC championship and Super Bowl appearance in 33 seasons. Burrow completed 70.4% of his passes last season for 4,611 yards and 34 touchdowns.
Burrow is entering his third season with the Bengals. His first season ended early with a knee injury.
Cincinnati veterans reported to practice Tuesday ahead of the team’s first official training camp practice on Wednesday.
The 25-year-old Burrow was selected by Cincinnati with the No. 1 overall pick in the 2020 NFL draft.
—
More AP NFL: https://apnews.com/hub/nfl and https://twitter.com/AP-NFL | https://www.valleycentral.com/nfl/nfl-dallas/ap-source-bengals-qb-burrow-to-have-appendectomy/ | 2022-07-27T22:36:54Z | https://www.valleycentral.com/nfl/nfl-dallas/ap-source-bengals-qb-burrow-to-have-appendectomy/ | true |
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INDIANAPOLIS (AP) — Kevin Warren introduced Ohio State's Ryan Day at Big Ten media day, the final coach to take the stage at the two-day event, and the two men exchanged a hearty hug and smiles before posing for a photo.
“I want to congratulate Commissioner Warren on a great couple of months leading this conference into the future,” Day said Wednesday as he began his 15 minutes at the podium to talk about the Buckeyes.
A little less than two years since Warren was pilloried inside and out of the Big Ten for the conference's decision to postpone the fall football season because of the pandemic, the 58-year-old is now sitting atop an expanding empire that has never been more powerful.
Earlier this month the Big Ten announced Southern California and UCLA will join the conference in 2024. In the coming weeks, Warren and the Big Ten are expected to unveil the conference's new media rights deal that could be worth $1 billion annually.
To put it in sports terms, Warren's comeback has been more impressive than Ohio State erasing a 14-point deficit to beat Utah in the Rose Bowl.
Given the opportunity to spike the ball at Lucas Oil Stadium this week and revel in the redemption of his reputation, Warren took a pass.
“The moment that you use any energy to distract from the energy that you need to accomplish your goal, it can have negative ramifications on it,” Warren told the AP. “So I have to stay in the moment.”
Warren's hiring in 2019 to replace Jim Delany was a surprise inside the industry. The lawyer and former longtime executive with the Minnesota Vikings with no experience working in college sports was an unorthodox choice at a time when there was so much change on the horizon.
Then the pandemic hit and any chance Warren had to grow into the job went away. He immediately needed to shift into managing an unprecedented crisis while still getting to know the university leaders he works for and the athletic directors he works with.
On Aug. 10, 2020, the Big Ten announced it would not play football in the fall. The decision was made on majority vote by the league's presidents and chancellors, but Warren became the target for critics. None louder than in Columbus, Ohio, home of the Buckeyes.
Infuriated fans, disgruntled parents of players and frustrated coaches and athletic directors who disagreed with the decision questioned Warren's fitness for the job.
And some people did much worse.
Warren said he received death threats that forced him to hire security and change the way he traveled to ensure his family would be safe.
Warren said he looks back on that decision without regrets, but also concedes some of the criticism of his leadership was valid.
“I think he’s really learned that working across the board with the presidents and the chancellors and the athletic directors and faculty athletic reps, how vitally important that is in this business,” Maryland athletic director Damon Evans said.
Eventually, the conference reversed its decision in the fall of 2020 and played an abbreviated season that put Ohio State in the national championship game.
“This a tough job to start with," said former Wisconsin coach and athletic director Barry Alvarez, who now works in an advisory role to Warren on Big Ten football. "To get through that, I don’t care who would have been there, it would have been a difficult situation. I just think Kevin’s a grinder.”
As pandemic problems receded, Warren was able to turn his attention to the business of putting his stamp on the Big Ten.
No business for a college sports conference is bigger than its media rights contract.
While the television deal was always set up to be a win for Warren, the addition of USC and UCLA from the Pac-12 to the Big Ten was a lighting strike few saw coming. One that will reshape the landscape of college sports — Warren's legacy.
But just as Warren was not solely responsible for the 2020 postponement, adding a West Coast wing of the Big Ten was not one man's vision and execution.
The realignment will also be a boon to Fox, already the Big Ten's main television partner and expected to gain a greater stake in the conference in the upcoming deal.
Warren said the people he respects as leaders, from Rev. Martin Luther King to CEOs such as Richard Davis and Shelly Ibach, hold a common belief that he tries to live by.
“One, not only do they do they never take credit, but truly in their heart, they never believe that they deserve the credit. And that’s how I believe,” Warren said. “And I think the true leaders, the great leaders, actually want to take the blame. They don’t want others around them to take the blame.”
Warren said Day's complimentary words were appreciated, but also significant.
“It shows that we're a unified front,” Warren said. “And I’ll admit, I didn’t have that.”
“I think that the thing that I’m probably most pleased about is that I think people are starting to really understand that when the Big Ten is unified, we are a dominant, powerful force in college athletics. And we’re a powerful and dominant force in all of athletics.”
___
Follow Ralph D. Russo at https://twitter.com/ralphDrussoAP and listen at http://www.appodcasts.com
___
More AP college football: https://apnews.com/hub/college-football and https://twitter.com/AP_Top25 | https://www.mrt.com/sports/article/Comeback-Warren-rebounds-from-rocky-start-17333400.php | 2022-07-27T22:38:50Z | https://www.mrt.com/sports/article/Comeback-Warren-rebounds-from-rocky-start-17333400.php | false |
BUFFALO, N.Y., July 27, 2022 /PRNewswire/ -- Effective Thursday, July 28, 2022, M&T (NYSE:MTB) will increase its prime lending rate from 4.75% to 5.50%.
About M&T
M&T Bank Corporation is a financial holding company headquartered in Buffalo, New York. M&T's principal banking subsidiary, M&T Bank, provides banking products and services in 12 states across the eastern U.S. from Maine to Virginia and Washington, D.C. Trust-related services are provided in select markets in the U.S. and abroad by M&T's Wilmington Trust-affiliated companies and by M&T Bank. For more information on M&T Bank, visit www.mtb.com.
Media Contact
Julia Berchou
716-842-5385
jberchou@mtb.com
© 2022 M&T Bank. Member FDIC.
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WFO SEATTLE Warnings, Watches and Advisories for Saturday, July 30, 2022
_____
HEAT ADVISORY
URGENT - WEATHER MESSAGE
National Weather Service Seattle WA
217 PM PDT Wed Jul 27 2022
...HEAT ADVISORY NOW IN EFFECT UNTIL 9 PM PDT SATURDAY...
* WHAT...Hot conditions with temperatures in the 90s and low
temperatures in the low to mid 60s. This will pose a moderate
to high risk of heat-related illness.
* WHERE...Lower Chehalis Valley Area, Western Whatcom County,
Hood Canal Area, Southwest Interior and Western Skagit County.
* WHEN...Until 9 PM PDT Saturday.
* IMPACTS...Heat will increase the risk of heat-related
illnesses for those who are sensitive to heat, especially
those without effective cooling or adequate hydration.
PRECAUTIONARY/PREPAREDNESS ACTIONS...
Drink plenty of fluids, stay in an air-conditioned room, stay out
of the sun, and check up on relatives and neighbors. Young
children and pets should never be left unattended in vehicles
under any circumstances.
Take extra precautions if you work or spend time outside. When
possible reschedule strenuous activities to early morning or
evening. Know the signs and symptoms of heat exhaustion and heat
stroke. Wear lightweight and loose fitting clothing when
possible. To reduce risk during outdoor work, the Occupational
Safety and Health Administration recommends scheduling frequent
rest breaks in shaded or air conditioned environments. Anyone
overcome by heat should be moved to a cool and shaded location.
Heat stroke is an emergency! Call 9 1 1.
For sheltering information and other human services in your area,
dial 2 1 1 during business hours or visit wa211.org anytime.
* WHERE...West Slopes South Central Cascades and Passes, West
Slopes North Central Cascades and Passes and West Slopes North
Cascades and Passes.
_____
Copyright 2022 AccuWeather | https://www.mrt.com/weather/article/WA-WFO-SEATTLE-Warnings-Watches-and-Advisories-17333402.php | 2022-07-27T22:41:54Z | https://www.mrt.com/weather/article/WA-WFO-SEATTLE-Warnings-Watches-and-Advisories-17333402.php | true |
WFO MIDLAND/ODESSA Warnings, Watches and Advisories for Wednesday, July 27, 2022
_____
AREAL FLOOD ADVISORY
Flood Advisory
National Weather Service Midland/Odessa TX
443 PM CDT Wed Jul 27 2022
...FLOOD ADVISORY NOW IN EFFECT UNTIL 6 PM CDT THIS EVENING...
* WHAT...Arroyo and small stream flooding caused by excessive
rainfall continues.
* WHERE...A portion of southwest Texas, including the following
county, Brewster.
* WHEN...Until 600 PM CDT.
* IMPACTS...Minor flooding in low-lying and poor drainage areas.
* ADDITIONAL DETAILS...
- At 443 PM CDT, Doppler radar indicated heavy rain due to
thunderstorms. This will cause arroyo and small stream
flooding. Between 1 and 2 inches of rain have fallen.
- Some locations that will experience flooding include...
Alpine and Alpine-Casparis Municipal Airport.
- http://www.weather.gov/safety/flood
PRECAUTIONARY/PREPAREDNESS ACTIONS...
Turn around, don't drown when encountering flooded roads. Most flood
deaths occur in vehicles.
In hilly terrain there are hundreds of low water crossings which are
potentially dangerous in heavy rain. Do not attempt to cross flooded
roads. Find an alternate route.
_____
Copyright 2022 AccuWeather | https://www.greenwichtime.com/weather/article/TX-WFO-MIDLAND-ODESSA-Warnings-Watches-and-17333519.php | 2022-07-27T22:45:42Z | https://www.greenwichtime.com/weather/article/TX-WFO-MIDLAND-ODESSA-Warnings-Watches-and-17333519.php | true |
WFO AMARILLO Warnings, Watches and Advisories for Wednesday, July 27, 2022
_____
SEVERE THUNDERSTORM WARNING
Severe Weather Statement
National Weather Service Amarillo TX
449 PM CDT Wed Jul 27 2022
...A SEVERE THUNDERSTORM WARNING REMAINS IN EFFECT UNTIL 545 PM CDT
FOR SOUTHWESTERN CARSON AND SOUTHEASTERN POTTER COUNTIES...
At 448 PM CDT, a severe thunderstorm was located 12 miles northeast
of Amarillo, moving north at 15 mph.
HAZARD...60 mph wind gusts.
SOURCE...Radar indicated.
IMPACT...Minor damage to roofs, siding, and trees is possible.
Locations impacted include...
Amarillo and Pantex.
PRECAUTIONARY/PREPAREDNESS ACTIONS...
For your protection move to an interior room on the lowest floor of a
building.
Torrential rainfall is occurring with this storm, and may lead to
flash flooding. Do not drive your vehicle through flooded roadways.
_____
Copyright 2022 AccuWeather | https://www.chron.com/weather/article/TX-WFO-AMARILLO-Warnings-Watches-and-Advisories-17333539.php | 2022-07-27T22:46:19Z | https://www.chron.com/weather/article/TX-WFO-AMARILLO-Warnings-Watches-and-Advisories-17333539.php | false |
Most stay dry this evening & Thursday, but spotty showers remain possible
SAGINAW, Mich. (WNEM) - A cold front passing through today has managed to bring some spotty showers to the area, but the coverage of those showers today hasn’t been nearly widespread enough for those hoping for rain.
While our chance isn’t completely over this evening, chances will remain low the rest of tonight. And although we’re getting another chance early Thursday, that chance isn’t overly exciting either. As far as our latest Drought Monitor update is concerned, we should see that released around 9 AM Thursday. Hopefully our weekend rain helped!
This Evening & Overnight
With the scattered nature of any showers and thunderstorms tonight, there doesn’t appear to be a need to cancel any plans. Stay aware of the skies with the chance for some downpours, but the odds are better that you avoid rain tonight than see it. Severe weather is not expected.
Once the front clears the area, expect skies to clear out briefly, before a secondary disturbance starts moving in closer to Thursday morning. That will bring increasing clouds into daybreak, with mostly cloudy skies possible to start tomorrow. A few showers are possible around daybreak and after as well, but should be spotty like Wednesday.
Overnight lows will settle in the upper 50s to middle 60s tonight, with a west southwesterly wind around 5 to 10 miles per hour.
Thursday
Any scattered showers, with isolated rumbles of thunder, should move out fairly quickly on Thursday, with the last of the showers clear of the area by lunchtime or shortly thereafter. Skies should clear quickly as well, with partly to mostly sunny skies the rest of the day.
High temperatures will be similar to Wednesday, with a mix of 70s and low 80s. Westerly winds will be quite breezy behind the front, sustained around 10 to 20 miles per hour, with gusts near 30 miles per hour.
Dry weather should continue into Thursday evening, with overnight lows cooling down a bit, falling into the 50s under mostly clear skies.
Copyright 2022 WNEM. All rights reserved. | https://www.wnem.com/2022/07/27/most-stay-dry-this-evening-thursday-spotty-showers-remain-possible/ | 2022-07-27T22:46:48Z | https://www.wnem.com/2022/07/27/most-stay-dry-this-evening-thursday-spotty-showers-remain-possible/ | true |
WFO SPOKANE Warnings, Watches and Advisories for Saturday, July 30, 2022
_____
EXCESSIVE HEAT WARNING
URGENT - WEATHER MESSAGE
National Weather Service Spokane WA
214 PM PDT Wed Jul 27 2022
...EXCESSIVE HEAT WARNING REMAINS IN EFFECT UNTIL 11 PM PDT
SATURDAY...
* WHAT...High temperatures today on into Saturday will range between
100 and 111 degrees with the hottest conditions expected on
Thursday and Friday. Overnight temperatures will only cool into
the mid 60s to mid 70s.
* WHERE...Central Washington.
* WHEN...Until 11 PM PDT Saturday.
* IMPACTS...Extreme heat will significantly increase the potential
for heat related illnesses, particularly for those working or
participating in outdoor activities. Residents without air
conditioners will experience a build up of heat within their home
through late in the week.
PRECAUTIONARY/PREPAREDNESS ACTIONS...
Drink plenty of fluids, stay in an air-conditioned room, stay out of
the sun, and check up on relatives and neighbors.
Take extra precautions when outside. Wear lightweight and loose
fitting clothing. Try to limit strenuous activities to early morning
or evening. Take action when you see symptoms of heat exhaustion and
heat stroke.
To reduce risk during outdoor work, the Occupational Safety and
Health Administration recommends scheduling frequent rest breaks in
shaded or air conditioned environments. Anyone overcome by heat
should be moved to a cool and shaded location. Heat stroke is an
emergency! Call 9 1 1.
* WHAT...Afternoon temperatures will reach the mid 90s to lower 100s
today and then continue to warm through the end of the week.
Thursday and Friday will likely be the hottest days with highs
ranging from the upper 90s to around 108. Very hot temperatures
will continue through at least Saturday. Overnight temperatures
will be in the 60s to lower 70s.
* WHERE...Eastern Washington and Northern Idaho.
conditioners will experience a build up of heat within their homes
...EXCESSIVE HEAT WARNING NOW IN EFFECT UNTIL 9 PM PDT SATURDAY...
* WHAT...Dangerously hot conditions with temperatures in the 90s
and lows in the mid to upper 60s. This will pose a high risk
of heat-related illness.
* WHERE...Tacoma Area, Bellevue and Vicinity, Everett and
Vicinity, Seattle and Vicinity and Bremerton and Vicinity.
* WHEN...Until 9 PM PDT Saturday.
* IMPACTS...Extreme heat will significantly increase the risk of
heat-related illnesses for much of the population, especially
those who are heat sensitive and those without effective
cooling or adequate hydration.
Drink plenty of fluids, stay in an air-conditioned room, stay out
of the sun, and check up on relatives and neighbors. Young
children and pets should never be left unattended in vehicles
under any circumstances.
Take extra precautions if you work or spend time outside. When
possible reschedule strenuous activities to early morning or
evening. Know the signs and symptoms of heat exhaustion and heat
stroke. Wear lightweight and loose fitting clothing when
possible. To reduce risk during outdoor work, the Occupational
Safety and Health Administration recommends scheduling frequent
rest breaks in shaded or air conditioned environments. Anyone
overcome by heat should be moved to a cool and shaded location.
Heat stroke is an emergency! Call 9 1 1.
For sheltering information and other human services in your area,
dial 2 1 1 during business hours or visit wa211.org anytime.
* WHERE...East Puget Sound Lowlands.
Ozone can trigger a variety of health problems including chest
pain, coughing, throat irritation and congestion. It can also
worsen bronchitis, emphysema, and asthma.
* ADDITIONAL DETAILS...Ozone concentrations are expected to be
the highest in the afternoon and evening. We expect the ground-
level ozone pollution levels to come back down to healthy levels
as temperatures decline.
_____
Copyright 2022 AccuWeather | https://www.chron.com/weather/article/WA-WFO-SPOKANE-Warnings-Watches-and-Advisories-17333385.php | 2022-07-27T22:47:02Z | https://www.chron.com/weather/article/WA-WFO-SPOKANE-Warnings-Watches-and-Advisories-17333385.php | true |
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HOUSTON (AP) _ Orion Marine Group Inc. (ORN) on Wednesday reported a loss of $3.1 million in its second quarter.
The Houston-based company said it had a loss of 10 cents per share. Losses, adjusted for non-recurring costs, came to 3 cents per share.
The results topped Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 6 cents per share.
The heavy civil marine contractor posted revenue of $194.6 million in the period, also beating Street forecasts. Four analysts surveyed by Zacks expected $161.6 million.
_____
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ORN at https://www.zacks.com/ap/ORN | https://www.ourmidland.com/business/article/Orion-Marine-Q2-Earnings-Snapshot-17333347.php | 2022-07-27T22:50:02Z | https://www.ourmidland.com/business/article/Orion-Marine-Q2-Earnings-Snapshot-17333347.php | false |
WASHINGTON — Spirit Airlines and Frontier Airlines agreed Wednesday to abandon their merger proposal, opening the way for JetBlue Airways to acquire Spirit.
Spirit, the largest budget carrier in the United States, said it was still in discussions with JetBlue “and expects to provide a further update in the near future.”
The decision by Spirit and Frontier to terminate their deal was announced while Spirit shareholders were still voting on the proposal. It was apparent that despite the support of Spirit's board, shareholders were prepared to reject the Frontier deal.
The Frontier offer was worth more than $2.6 billion in cash and stock, far short of JetBlue's all-cash bid of $3.7 billion.
A combination of Spirit with either Frontier or JetBlue would create the nation’s fifth-largest airline, although it would be still quite a bit smaller than American, United, Delta and Southwest.
Competing with JetBlue's richer cash offer, the Spirit board and Frontier argue that antitrust regulators will block JetBlue from buying Spirit, making the JetBlue bid an illusory one. JetBlue, of course, disagrees.
The Biden administration was always likely to take a close look at either deal. The president and his top antitrust official in the Justice Department have both indicated a dislike for corporate mergers.
Some analysts said that the small size of Frontier and Spirit would have earned them a pass from antitrust regulators in previous administrations, but not any more. Still, the JetBlue deal did appear more problematic, in part because the Justice Department was already suing to break up a regional partnership in the Northeast between JetBlue and American Airlines.
Frontier and Spirit announced their deal on Feb. 7, saying they would create a huge discount airline that would save consumers $1 billion a year in airfares by creating a powerful new competitor to American, United, Delta and Southwest.
The proposal would have brought together two very similar airlines — both tempt travelers with rock-bottom fares but tack on fees for some things that bigger carriers include with most tickets, from soft drinks to room for a bag in the overhead bin.
They even share financial roots: Bill Franke's Indigo Partners private equity firm invested in Spirit before taking an 82% stake in Frontier and investing in budget carriers in Mexico, Chile and Hungary.
Frontier and Spirit said that together they would have enough planes to fly many new routes that aren’t yet served by a discount airline, and they would create 10,000 new jobs by 2026 in the process.
A merger would also address one of the biggest complaints consumers have about Frontier and Spirit: They are so small, with such limited schedules, that when they cancel a flight, it can take days to find seats for all the passengers on later flights.
JetBlue CEO Robin Hayes decided that he could not sit back and watch Frontier and Spirit become bigger than his airline. On April 5, JetBlue started a bidding war by announcing its own plan to take over Spirit.
JetBlue figured that buying Spirit was the best way it could quickly add planes and pilots and break out of the second tier of U.S. airlines. JetBlue argued that it would help consumers too, by driving down fares more effectively than Frontier and Spirit.
New York-based JetBlue mounted a furious campaign to convince Spirit shareholders to reject the Frontier offer. It worked — forcing Spirit’s board to postpone a vote on the Frontier proposal four times. In July, Frontier CEO Barry Biffle admitted his side was losing badly.
Both Frontier and JetBlue raised their bids, including and increasing break-up fees for Spirit shareholders.
At the end, Frontier offered $4.13 in cash plus 1.9126 shares of its stock for each share of Spirit. That was worth about $2.65 billion at Frontier's closing price on Tuesday, and Spirit shareholders would own 48.5% of the combined company.
JetBlue's bid was more straightforward — $33.50 per share, plus a ticking fee to cover any delay in regulatory review, which would push the value of the offer to $3.7 billion, all in cash.
JetBlue investors seem unimpressed with the airline's pursuit of Spirit. Since JetBlue entered the bidding, its shares have fallen 45%, more than other U.S. airline except regional carrier Mesa.
Once Spirit's fate is settled, analysts believe that more mergers are possible among the smaller airlines — but not likely any deals involving American, United, Delta or Southwest, because of antitrust issues.
JetBlue and Alaska Airlines fought a bidding war over Virgin America in 2016, which Seattle-based Alaska won. Alaska's strength on the West Coast and JetBlue's network on the East Coast and the Caribbean have long made them the subject of merger speculation. | https://www.kgw.com/article/news/nation-world/spirit-ends-merger-bid-with-frontier/507-6655e15e-af92-4030-abd1-c36614a7b3c0 | 2022-07-27T22:50:30Z | https://www.kgw.com/article/news/nation-world/spirit-ends-merger-bid-with-frontier/507-6655e15e-af92-4030-abd1-c36614a7b3c0 | false |
WFO MIDLAND/ODESSA Warnings, Watches and Advisories for Wednesday, July 27, 2022
_____
AREAL FLOOD ADVISORY
Flood Advisory
National Weather Service Midland/Odessa TX
443 PM CDT Wed Jul 27 2022
...FLOOD ADVISORY NOW IN EFFECT UNTIL 6 PM CDT THIS EVENING...
* WHAT...Arroyo and small stream flooding caused by excessive
rainfall continues.
* WHERE...A portion of southwest Texas, including the following
county, Brewster.
* WHEN...Until 600 PM CDT.
* IMPACTS...Minor flooding in low-lying and poor drainage areas.
* ADDITIONAL DETAILS...
- At 443 PM CDT, Doppler radar indicated heavy rain due to
thunderstorms. This will cause arroyo and small stream
flooding. Between 1 and 2 inches of rain have fallen.
- Some locations that will experience flooding include...
Alpine and Alpine-Casparis Municipal Airport.
- http://www.weather.gov/safety/flood
PRECAUTIONARY/PREPAREDNESS ACTIONS...
Turn around, don't drown when encountering flooded roads. Most flood
deaths occur in vehicles.
In hilly terrain there are hundreds of low water crossings which are
potentially dangerous in heavy rain. Do not attempt to cross flooded
roads. Find an alternate route.
_____
Copyright 2022 AccuWeather | https://www.michigansthumb.com/weather/article/TX-WFO-MIDLAND-ODESSA-Warnings-Watches-and-17333519.php | 2022-07-27T22:51:15Z | https://www.michigansthumb.com/weather/article/TX-WFO-MIDLAND-ODESSA-Warnings-Watches-and-17333519.php | true |
HONG KONG and WASHINGTON, July 27, 2022 /PRNewswire/ -- Duddell Street Acquisition Corp. (Nasdaq: DSAC) ("Duddell Street"), a publicly-traded special purpose acquisition company, announced today that its shareholders of record as of June 23, 2022, have voted to approve the previously proposed business combination (the "Business Combination") with FiscalNote Holdings, Inc. (the "Company") at Duddell Street's extraordinary general meeting of shareholders (the "Special Meeting") held earlier today.
92.5% of the votes cast at the Special Meeting were in favor of the approval of the Business Combination, and the other proposals presented at the Special Meeting were also approved by the Duddell Street shareholders. The formal results of the vote will be included in a Current Report on Form 8-K to be filed with the U.S. Securities and Exchange Commission ("SEC") by Duddell Street.
As a result of the Business Combination, at closing, FiscalNote will combine with Duddell Street and the combined company's name will be "FiscalNote Holdings, Inc.". Following the closing, which is expected to take place Friday, July 29, 2022, the combined company's Class A common stock and warrants are expected to begin trading on the New York Stock Exchange under the ticker symbols "NOTE" and "NOTE WS", respectively, on Monday, August 1, 2022.
FiscalNote is a leading technology provider of global policy and market intelligence. By uniquely combining AI technology, actionable data, and expert and peer insights, FiscalNote empowers customers to manage policy, address regulatory developments, and mitigate global risk. Since 2013, FiscalNote has pioneered technology that delivers mission-critical insights and the tools to turn them into action. Home to CQ, Equilibrium, FrontierView, Oxford Analytica, VoterVoice, and many other industry-leading brands, FiscalNote serves more than 5,000 customers worldwide with global offices in North America, Europe, Asia, and Australia. To learn more about FiscalNote and its family of brands, visit FiscalNote.com and follow @FiscalNote.
Duddell Street Acquisition Corp. was formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. Duddell Street is sponsored by Hong Kong-based hedge fund Maso Capital. Since inception, Maso Capital has invested in more than one thousand companies and situations across multiple sectors and geographies. Leveraging its stature and reputation in Hong Kong and its experienced investment team, Maso Capital has had investments in a number of TMT, healthcare, fintech and consumer companies in the region. For more information, please visit DSAC.co.
This communication contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements may include, but are not limited to, statements about future financial and operating results, plans, objectives, expectations and intentions with respect to future operations, products and services; and other statements identified by words such as "will," "are expected to," "is anticipated," "estimated," "believe," "intend," "plan," "projection," "pro forma," "outlook" or words of similar meaning. These forward-looking statements include, but are not limited to, statements regarding FiscalNote's industry and market sizes, future opportunities for FiscalNote and Duddell Street, FiscalNote's estimated future results and the proposed business combination between Duddell Street and FiscalNote, including pro forma market capitalization, pro forma revenue, the expected transaction and ownership structure and the likelihood, timing and ability of the parties to successfully consummate the proposed transaction. Such forward-looking statements are based upon the current beliefs and expectations of Duddell Street's and FiscalNote's managements and are inherently subject to significant business, economic and competitive uncertainties and contingencies, many of which are difficult to predict and generally beyond Duddell Street's or FiscalNote's control. Actual results and the timing of events may differ materially from the results anticipated in these forward-looking statements. Except as required by law, Duddell Street and FiscalNote do not undertake any obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise.
Media Contact
Nicholas Graham
FiscalNote
press@fiscalnote.com
Investors
ICR, Inc. for FiscalNote
Sean Hannan
IR@fiscalnote.com
Duddell Street Acquisition Corp.
Sam Joshi
IR@masocapital.com
In connection with the Business Combination, Duddell Street has filed relevant materials with the SEC, including a registration statement on Form S-4, which includes a proxy statement/prospectus of Duddell Street, which was declared effective by the SEC on July 1, 2022, and will file other documents regarding the Business Combination with the SEC. Duddell Street's shareholders and other interested persons are advised to read the definitive proxy statement and documents incorporated by reference therein filed in connection with the Business Combination, as these materials contain important information about FiscalNote, Duddell Street and the Business Combination. The documents filed by Duddell Street with the SEC may be obtained free of charge at the SEC's website at www.sec.gov.
This communication does not constitute an offer to sell or the solicitation of an offer to buy any securities, or a solicitation of any vote or approval, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.
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SOURCE FiscalNote | https://www.mysuncoast.com/prnewswire/2022/07/27/duddell-street-acquisition-corp-shareholders-approve-business-combination-with-fiscalnote-holdings-inc/ | 2022-07-27T22:51:29Z | https://www.mysuncoast.com/prnewswire/2022/07/27/duddell-street-acquisition-corp-shareholders-approve-business-combination-with-fiscalnote-holdings-inc/ | false |
NEW YORK, July 27, 2022 /PRNewswire/ -- Juan Monteverde, founder and managing partner of the class action firm Monteverde & Associates PC (the "M&A Class Action Firm"), a national securities firm rated Top 50 in the 2018-2021 ISS Securities Class Action Services Report and headquartered at the Empire State Building in New York City, is investigating Hanger, Inc. (HNGR), relating to its proposed acquisition by Patient Square Capital. Under the terms of the agreement, HNGR shareholders will receive $18.75 in cash per share they own. Click here for more information: https://www.monteverdelaw.com/case/hanger-inc. It is free and there is no cost or obligation to you.
We are a national class action securities litigation law firm that has recovered millions of dollars and is committed to protecting shareholders from corporate wrongdoing. We were listed in the Top 50 in the 2018-2021 ISS Securities Class Action Services Report. Our lawyers have significant experience litigating Mergers & Acquisitions and Securities Class Actions. Mr. Monteverde is recognized by Super Lawyers as a Rising Star in Securities Litigation in 2013, 2017-2019, an award given to less than 2.5% of attorneys in a particular field. He has also been selected by Martindale-Hubbell as a 2017-2021 Top Rated Lawyer. Our firm's recent successes include changing the law in a significant victory that lowered the standard of liability under Section 14(e) of the Exchange Act in the Ninth Circuit. Thereafter, our firm successfully preserved this victory by obtaining dismissal of a writ of certiorari as improvidently granted at the United States Supreme Court. Emulex Corp. v. Varjabedian, 139 S. Ct. 1407 (2019). Also, in 2019 we recovered or secured six cash common funds for shareholders in mergers & acquisitions class action cases.
If you own common stock in HNGR and wish to obtain additional information and protect your investments free of charge, please visit our website or contact Juan E. Monteverde, Esq. either via e-mail at jmonteverde@monteverdelaw.com or by telephone at (212) 971-1341.
Contact:
Juan E. Monteverde, Esq.
MONTEVERDE & ASSOCIATES PC
The Empire State Building
350 Fifth Ave. Suite 4405
New York, NY 10118
United States of America
jmonteverde@monteverdelaw.com
Tel: (212) 971-1341
Attorney Advertising. (C) 2022 Monteverde & Associates PC. The law firm responsible for this advertisement is Monteverde & Associates PC (www.monteverdelaw.com). Prior results do not guarantee a similar outcome with respect to any future matter.
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SOURCE Monteverde & Associates PC | https://www.mysuncoast.com/prnewswire/2022/07/27/equity-alert-mampa-class-action-firm-announces-investigation-hanger-inc-hngr/ | 2022-07-27T22:51:36Z | https://www.mysuncoast.com/prnewswire/2022/07/27/equity-alert-mampa-class-action-firm-announces-investigation-hanger-inc-hngr/ | false |
The Western Regional Shipping Company Will Now Offer LTL Services in Colorado, Complementing its Successful Colorado Parcel Expansion Last Year.
AURORA, Colo., July 27, 2022 /PRNewswire/ -- Today, GLS US, a shipping company that offers parcel and freight delivery services to nine states across the West, announced that it will be expanding its less than truckload (LTL) freight services to the Colorado market. The move will allow Colorado's population of over 5 million consumers to access the company's modern approach to regional next-day LTL services.
Of the company's announcement, GLS US Chief Operating Officer for Freight Service, Joe Bartone commented, "We are incredibly thrilled to announce our expansion. The need for reliable, quick shipping services is felt across the nation, and the GLS US team is dedicated to fulfilling it in the best way possible." Joe Bartone continued. "The Colorado move was a pivotal one for our LTL offering. Colorado is the gateway to the West and this expansion helps solidify our West Coast Terminal Network."
GLS US' current service options are easier to access than ever, as the company has also recently enjoyed an update to its website and user experience. Users in Colorado can open an account to immediately begin taking advantage of these resources.
About GLS US: GLS US is a shipping company that provides parcel and freight delivery across Washington, Oregon, Idaho, Nevada, Utah, Colorado, Arizona, and New Mexico. Its services include Priority, Ground, and Freight delivery.
Visit GLS-US.com to learn more.
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SOURCE GLS US | https://www.mysuncoast.com/prnewswire/2022/07/27/gls-us-expands-its-ltl-services-colorado/ | 2022-07-27T22:51:57Z | https://www.mysuncoast.com/prnewswire/2022/07/27/gls-us-expands-its-ltl-services-colorado/ | false |
Idaho Fish and Game announces hunter, trapper education classes in Jerome
JEROME, Idaho (KMVT/KSVT) — The Idaho Department of Fish and Game announced Wednesday they will be holding hunter, trapper, and wolf trapper education classes in Jerome.
They will be offering several classes in August, September, and October.
Trapper education classes will be held on Aug. 5 and Aug. 6 at the Magic Valley Regional Office in Jerome in the hunter education classroom.
Hunter education classes will be held on Sept. 23 through Sept. 25 in the same location. The class is offered to students 9 years and older.
They will be provided instruction on firearm handling and safety, hunting law and ethics; responsibilities towards landowners; hunting skills; wildlife identification; survival skills and first aid; and management and conservation, according to Idaho Fish and Game.
Wolf trapper education classes will be held on Sept. 10 and Oct. 22 also in the same location as the other two classes. The class is required for any individual who wants to trap wolves and will cover regulations, ethics, and trapping methods.
No word on times was given for any of the classes.
If you would like more information, you can call the Magic Valley Regional Office at (208) 324-4359.
Copyright 2022 KMVT/KSVT. All rights reserved. | https://www.kmvt.com/2022/07/27/idaho-fish-game-announces-hunter-trapper-education-classes-jerome/ | 2022-07-27T22:59:07Z | https://www.kmvt.com/2022/07/27/idaho-fish-game-announces-hunter-trapper-education-classes-jerome/ | false |
Confused by the huge Mega Millions jackpot? Here are some answers
Now that the Mega Millions lottery jackpot has topped $1 billion — only the fourth time a lottery game has reached such heights — plenty of people who rarely play the game are considering risking $2 or joining an office pool in hopes of an immense payoff.
Buying a ticket is easy, but it's also easy to be confused about the odds, how the prizes are set and how the winnings will eventually be paid out.
Do your chances of winning rise or fall as the jackpot grows?
Your chances of winning the jackpot always remain one in 302.5 million, regardless of whether the big prize is $20 million or the current $1.02 billion. You do increase your odds of winning if you buy more tickets but before laying down $100 at the Quicky Mart for 50 tries, keep in mind that in the big scheme of things, 50 chances out of 302.5 million isn't much better than one. Also realize that the $1.02 billion amount is for the annuity option, paid annually over 29 years. The cash option would pay $602.5 million.
Is this a good time to play other lottery games?
Just like the Mega Millions odds don't change, the odds of winning a prize in Powerball, the other big nationwide game, and other smaller state games are fixed, too. Given that, you have no better odds now than at any other time. However, with fewer people buying tickets in those games, there is less of a chance that multiple players could win the jackpot, forcing you to share your winnings.
What states have the most Mega Millions jackpot winners?
Time for a road trip to a lottery nirvana? Probably not.
Since 2016, players have won 40 Mega Millions jackpots, with the fortuitous few scattered through 22 states. And not surprisingly, there have been more winners in states with greater populations and thus more players.
California takes the prize for the most Mega Millions jackpot winners during that span, with six lucky players. That's followed by five winners in New York, four in New Jersey and three in Illinois.
Notably, population heavyweights Texas and Florida have had few Mega Millions winners since 2016. Texas had two and Florida had one.
Where do the drawings take place?
The drawings happen at 11 p.m. Eastern time on Tuesday and Friday and are held at the WSB-TV studios in Atlanta.
Do retailers get anything out of this?
Rules vary by state but retailers usually get a reward for selling a ticket that wins a jackpot. In Ohio, for example, retailers get $1,000 for every million dollars of a jackpot, with a cap of $100,000.
What if I choose an annuity but die before receiving all the payments?
Most jackpot winners opt for cash but receiving your winnings through an annuity, with 30 payments over 29 years, can help people slightly reduce their tax burden. If winners die before receiving all their winnings, the future payments would go to their estate.
Who runs Mega Millions and how do they decide jackpot amounts?
The lottery game is overseen by 45 state lotteries as well as game officials in Washington, D.C. and the U.S. Virgin Islands. A group comprising representatives from the lotteries meets twice a week to determine the estimated jackpots. | https://www.wesh.com/article/mega-millions-jackpot-explained/40733454 | 2022-07-27T23:02:41Z | https://www.wesh.com/article/mega-millions-jackpot-explained/40733454 | false |
NEW DELHI (AP) — The head of the U.S. government aid agency called on China on Wednesday to help Sri Lanka and other nations that had borrowed heavily from Beijing with debt restructuring, not just with lines of credit and emergency loans.
Samantha Power, the administrator for the U.S. Agency for International Development, contrasted India’s “critical” measures to aid Sri Lanka during its worst economic crisis with the two decades during which China offered “opaque loan deals at higher interest rates than other lenders” and financed infrastructure projects that often served little practical use.
“The biggest question of all is whether Beijing will restructure debt to the same extent as other bilateral creditors,” she said during a visit to India, warning that the crisis in Sri Lanka, albeit a result of different factors, wasn’t unique. Several countries in Africa and Asia were similarly hoping that their calls for restructuring debt would be answered.
“It is really essential that Beijing participate in debt relief transparently and on equitable terms with all other creditors,” Power said.
Sri Lanka is bankrupt and has suspended repayment on its $51 billion foreign loans. The crisis has led to severe shortages of fuel, cooking gas and medicine and long lines for essential supplies, which led to massive protests and the ouster of President Gotabaya Rajapaksa.
The government is in the process of preparing a debt restructuring plan, a condition for a rescue package it is negotiating with the International Monetary Fund. China, which accounts for 10% of Sri Lanka’s debt, has resisted offering a debt cut.
With climate shocks walloping the economies of nations already battered by the pandemic and the war in Ukraine compounding global food and fuel shortages, Power pointed to the protests related to food and fuel prices in over a dozen countries as inflation soars.
“If history is any guide, we know that Sri Lanka’s government will likely not be the last to fall,” she said.
Power traveled in East Africa earlier this month to spotlight the hunger crisis in the region where more than 50 million people are expected to face acute food insecurity this year. She said that millions of tons of grain and oil, crucial for bringing down global food prices, were blocked in Ukrainian seaports because of Russia’s Feb. 24 invasion.
She said that “India’s voice and its diplomacy” was crucial in brokering the deal to clear the way for the grain to be exported from Ukraine. But with Russian missiles hitting Ukraine’s Black Sea port of Odess hours after it was inked, she admitted that the deal was “very much hanging in the balance.”
At a news conference after her speech, Power said that the fact that Russia agreed to a deal was a “better circumstance” than the alternative, but added that the only way those grains could reach global markets was if Russia allows them to be transported without attacking them.
“So far what we’ve seen from the Russian Federation is a string of lies and broken promises,” she said, and added that it was crucial for all countries, not just the U.S. or India, to hold Russia to the terms of the deal. | https://www.cenlanow.com/business/usaid-chief-calls-on-china-to-restructure-sri-lankas-debt/ | 2022-07-27T23:03:12Z | https://www.cenlanow.com/business/usaid-chief-calls-on-china-to-restructure-sri-lankas-debt/ | true |
DALLAS (AP) — Federal officials say that Southwest Airlines and the union representing its pilots have resisted cooperating with investigations into accidents and other incidents and pushed to close the matters quickly.
In one instance disclosed Wednesday, the Federal Aviation Administration cut short an investigation of a 2019 incident in Connecticut even though the agency determined that there was pilot error. Both wings of the Southwest jet were damaged as pilots battling wind tried to land at Bradley International Airport, outside of Hartford.
The FAA said Southwest and union officials resisted interviews with agency representatives in that and other cases. Sometimes the delaying tactics worked. An investigation into why pilots placed duct tape over sensors outside a plane before a flight fizzled when the FAA employee took another job.
Southwest said the allegations are old, and it has cooperated fully with government inquiries.
“As part of our emphasis on safety, we have maintained a transparent and professional relationship with the FAA, including multiple FAA-approved safety programs designed to help us manage and mitigate operational risks and execute safe operating practices,” the company said in a statement.
The union representing Southwest pilots did not respond immediately to requests for comment.
The FAA investigation was disclosed Wednesday by the U.S. Office of Special Counsel, which represents federal whistleblowers. It reported another accident — a plane that went off the runway in Burbank, California — in which an FAA review was “fast-tracked” under pressure from Southwest. In a separate review of that incident, the National Transportation Review Board found that the co-pilot’s conduct was “highly unprofessional.”
The FAA said it agreed with some of the allegations raised by three whistleblowers and took corrective steps including more training and development of audits to ensure compliance with aviation-safety guidelines.
The special counsel’s office investigated eight allegations raised by four whistleblowers. The office forwarded its findings to the White House and Congress.
In a response to the special counsel’s office, the FAA said it found “mismanagement and lack of oversight” by the office monitoring Southwest that has persisted despite management and staff changes over the years. The FAA said new executives will provide “a fresh opportunity to evaluate” the oversight of Southwest.
Some of the whistleblower accusations have been leveled before, including Southwest’s use of planes bought overseas without verifying their maintenance and inspection records. In more than half of those cases, the airline found that the planes had undergone repair work that wasn’t documented or couldn’t be verified.
The FAA said some of the whistleblower allegations couldn’t be proven, including a claim that Southwest routinely assigns too much work for mechanics to handle.
A separate allegation that the FAA improperly certified Southwest for long overwater flights — approval the airline needed to sell flights to Hawaii — was examined by the Transportation Department’s inspector general, who could not verify the claim.
An FAA spokeswoman said the agency takes the special counsel’s concerns seriously and has adopt its recommendations.
Dallas-based Southwest has faced questions about safety over the years and has paid millions to settle safety violations, however, it has a good record over its five-decade history.
No passenger had died in an accident involving a Southwest plane until 2018, when a woman was killed after an engine broke apart over Pennsylvania and debris shattered the window next to her seat. In 2005, a 6-year-old boy riding in a car was killed when a Southwest jet landing during a snowstorm in Chicago skidded off the runway, crashed through a fence and hit the car. | https://www.cenlanow.com/business/whistleblowers-hit-southwest-faa-for-lax-safety-practices/ | 2022-07-27T23:03:19Z | https://www.cenlanow.com/business/whistleblowers-hit-southwest-faa-for-lax-safety-practices/ | false |
ISLAMABAD (AP) — The lives of Afghan women and girls are being destroyed by a “suffocating” crackdown by the Taliban since they took power nearly a year ago, Amnesty International said in a report released Wednesday.
After they captured the capital, Kabul, in August 2021 and ousted the internationally backed government, the Taliban presented themselves as having moderated since their first time in power, in the 1990s. Initially, Taliban officials spoke of allowing women to continue to work and girls to continue their education.
Instead, they formed an all-male government stacked with veterans of their hard-line rule that has banned girls from attending school from seventh grade, imposed all-covering dress that leaves only the eyes visible and restricted women’s access to work.
Amnesty said the Taliban have also decimated protections for those facing domestic violence, detained women and girls for minor violations and contributed to a surge in child marriages. The report also documented the torture and abuse of women arrested by the Taliban for protesting against restrictions.
“Taken together, these policies form a system of repression that discriminates against women and girls in almost every aspect of their lives,” the report said. “This suffocating crackdown against Afghanistan’s female population is increasing day by day.”
The group’s researchers visited Afghanistan in March as part of a nine-month-long investigation conducted from September 2021 to June 2022. They interviewed 90 women and 11 girls, between 14 and 74 years-old, across Afghanistan.
Among them were women detained for protesting who described torture at the hands of Taliban guards, including beatings and threats of death.
One woman told Amnesty that guards beat her and other women on the breasts and between the legs, “so that we couldn’t show the world.” She said one told her, “I can kill you right now, and no one would say anything.”
A university student who was detained said she was electrically shocked on her shoulder, face, neck and elsewhere, while the Taliban shouted insults at her. One held a gun at her and told her, “I will kill you, and no one will be able to find your body.”
The report said rates of child, early and forced marriage in Afghanistan are surging under Taliban rule.
The increase, Amnesty said, is fueled by Afghanistan’s economic and humanitarian crisis and the lack of education and job prospects for women and girls. The report documented cases of forced marriages of women and girls to Taliban members — under pressure by the Taliban member or by the women’s families.
One woman from a central province of Afghanistan told Amnesty that she was compelled her to marry off her 13-year-old daughter to a 30-year-old neighbor in exchange for 60,000 Afghanis (around US$670). She said she felt relieved because her daughter “won’t be hungry anymore.”
She said she was also considering the same for her 10-year-old daughter but was holding off in hopes the girl could get an education and eventually secure a job to support the family. “Of course, if they don’t open the school, I will have to marry her off,” she added.
“You have a patriarchal government, war, poverty, drought, girls out of school. With all of these factors combined … we knew child marriage was going to go through the roof,” said Stephanie Sinclair, director of Too Young to Wed, who was quoted in the report.
The Taliban seized Kabul as U.S. and NATO forces were withdrawing from Afghanistan, ending a nearly 20-year war against the Taliban’s insurgency. The world has refused to recognize the Taliban’s rule, demanding it respect human rights and show tolerance for other groups. The U.S. and its allies have cut off billions in development funds that kept the government afloat, as well as froze billions in Afghan national assets.
This sent the already shattered economy into freefall, increasing poverty dramatically and creating one of the world’s worst humanitarian crises. Millions, struggling to feed their families, are kept alive by a massive U.N.-led relief effort.
Amnesty called on the international community to take action to protect Afghan women and girls.
“Less than one year after the Taliban’s takeover of Afghanistan, their draconian policies are depriving millions of women and girls of their right to lead safe, free and fulfilling lives,” said Agnès Callamard, Amnesty secretary general.
“If the international community fails to act, it will be abandoning women and girls in Afghanistan, and undermining human rights everywhere,” she said. | https://fox59.com/news/national-world/ap-international/amnesty-taliban-crackdown-on-rights-is-suffocating-women/ | 2022-07-27T23:05:55Z | https://fox59.com/news/national-world/ap-international/amnesty-taliban-crackdown-on-rights-is-suffocating-women/ | true |
Days after the end of an explosive summer series of Jan. 6 Committee hearings, there are new signs that the Department of Justice is stepping up its investigation into the infamous day and closing in on former President Donald Trump.
"We intend to hold everyone, anyone, who was criminally responsible for the events surrounding January 6, for any attempt to interfere with the lawful transfer of power from one administration to another, accountable; that's what we do. We don't pay any attention to other issues with respect to that," said Attorney General Merrick Garland.
The Washington Post reported investigators had questioned witnesses about Trump's behavior in front of a federal grand jury. Among them was Marc Short, former chief of staff to then-Vice President Mike Pence.
"I can confirm I did receive a subpoena for a federal grand jury, and I did comply with that subpoena," said Short.
A Trump-backed plan to substitute fake electors from key states won by Joe Biden is of interest to the Justice Department.
The far-fetched scheme was laid out in stunning detail during a committee hearing in June, where vice chair Liz Cheney detailed an unsuccessful attempt by members of Trump's justice department to send a letter casting doubt on President Biden's victory in Georgia.
"The letter also said this: 'In light of these developments, the Department recommends that the Georgia General Assembly should convene in special session' ... and consider approving a new slate of electors. And indicates that a separate ... 'fake slate of electors supporting Donald Trump has already been transmitted to Washington, D.C.'," Rep. Liz Cheney read from committee-obtained documents in their June 23rd public hearing.
But the committee has shied away from saying it wants to push the Biden Justice Department to pursue charges in the fake elector's scheme. Committee member Jamie Raskin deflected on that question in a Newsy interview last week
"The DOJ has a lot more resources than we do to collect evidence, and that, of course, is the major business they're involved in. So, I don't think we really gave them a lot that they didn't already have, or at least they didn't have the capacity to get," said Raskin.
Pressure on the department is coming not only from the public hearings but also from a separate criminal investigation in Georgia, where prosecutors have taken a series of eye-catching steps in recent weeks related to Trump's efforts to overturn election results in the state, including sending subpoenas to Georgia congressman Jody Hice, and compelling Rudy Giuliani to testify.
All while the select committee continues its work, planning to resume public hearings in September.
"Obviously, we have two different interests; ours is to get to the bottom of what happened, put out recommendations... the Department of Justice needs to look at any possible criminality. I just have to ask, what have they been doing for the last year and a half?" said Rep. Adam Kinzinger.
Newsy is the nation’s only free 24/7 national news network. You can find Newsy using your TV’s digital antenna or stream for free. See all the ways you can watch Newsy here. | https://www.kgun9.com/news/national/report-investigators-question-former-white-house-aides-on-fake-electors-scheme | 2022-07-27T23:05:56Z | https://www.kgun9.com/news/national/report-investigators-question-former-white-house-aides-on-fake-electors-scheme | false |
LAKE COUNTY, Ill. (WGN) — The alleged Highland Park Fourth of July parade shooter has been indicted on 117 counts.
Robert Crimo III faces 21 counts of first-degree murder — three counts for each of the deceased victims, according to the Lake County State’s Attorney’s Office.
The 21-year-old is also facing 48 counts of attempted murder and 48 counts of aggravated battery with a firearm for each parade victim who was struck by a bullet or shrapnel.
“I want to thank law enforcement and the prosecutors who presented evidence to the grand jury today. Our investigation continues, and our victim specialists are working around the clock to support all those affected by this crime that led to 117 felony counts being filed today,” State’s Attorney Eric Rinehart said.
He was initially charged with seven counts of first-degree murder with more charges expected on the day after the shooting.
He is accused of opening fire with an assault-style rifle from a rooftop, killing Nicolas Toledo, 78; Jacki Sundheim, 63; Katherine Goldstein, 64; Irina McCarthy, 35; and Kevin McCarthy, 37; Stephen Straus, 88; and Eduardo Uvaldo, 69.
The July 4 shooting also left an 8-year-old paralyzed and a toddler without his parents.
Crimo’s next court appearance is scheduled for Wednesday, Aug. 3.
A benefit show is scheduled for Wednesday night at Madame Zuzu’s, a plant-based tea house owned by Smashing Pumpkins frontman Billy Corgan and his partner Chloe Mende.
Earlier this month, Illinois Governor JB Pritzker issued an emergency rule change that would allow state police to reject Firearm Owner’s Identification card applications in circumstances similar to that of the alleged Highland Park shooter, who was able to obtain a gun permit despite previous concerns about his state of mind. | https://www.cenlanow.com/national/alleged-highland-park-parade-shooter-indicted-on-117-counts/ | 2022-07-27T23:07:37Z | https://www.cenlanow.com/national/alleged-highland-park-parade-shooter-indicted-on-117-counts/ | false |
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