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GRAND BLANC, Mich., Aug. 4, 2022 /PRNewswire/ -- Carefluence, a pioneer in interoperability software to facilitate the secure and effective sharing of digital health information, has been certified under the 21st Century Cures Act as a standards-based offering that allows healthcare providers and application developers to meet a Dec. 31, 2022, deadline for giving patients easy access to their care and health outcomes information.
In 2016 Carefluence was the first open application programming interface certified for Stage 3 of Meaningful Use by the federal Office of the National Coordinator. It was among the first vendors to adopt the Fast Health Interoperability Resources, or FHIR, standards that are now baked into the Cures Act standards, required for use by any entity involved in handling patient data. Carefluence also is experienced with SMART, an open-source, standards-based API that leverages the OAuth 2.0 standard to provide secure, universal access to EHRs using FHIR.
"What all of this means is that you can be secure in knowing that if you license Carefluence – whether you are an ACO, a hospital, medical group, payer, a health app or EHR developer – you can achieve interoperability effectively," said Lloyd Williams, Co-founder and Chief Operating Officer of Carefluence.
The December deadline, Williams noted, is fast approaching, that involves penalties for non-compliance such as information blocking. By that time, patients must have complete transparency into the cost and outcomes of their care, and entities need to provide it using a capability based on FHIR to be able to give patients their data in an accessible format.
"For those organizations that have yet to achieve compliance, our cloud-based platform offers a fast, reliable, effective, competitively positioned and flexible means to do so," said Aditya Ayyagari, Co-founder and Chief Technology Officer of Carefluence. Carefluence Open API R4, which met the requirements for "2015 Edition Cures Update" for 170.315 (d)(1, 3, 9-10, 12-13); (g)(4-7, 9-10, was certified on June 29th, 2022 via Drummond Group LLC and holds certificate number: 15.04.04.2657.Care.R4.01.0.220629.
All entities that must meet population health objectives such as coordinating care through patient engagement need to have robust and secure means of communicating among disparate information systems from multiple vendors. Centralized scheduling, quality measurement tools, telemedicine, remote patient monitoring and clinical decision support software all require interoperability of health data exchange.
"This Health IT Module is 2015 Edition compliant and has been certified by an ONC-ACB in accordance with the applicable criteria adopted by the Secretary of Health and Human Services. This certification does not represent an endorsement by the U.S. Department of Health and Human Services."
Carefluence takes the guesswork out of health IT interoperability by handling the complexities and security of health data exchange, leaving its customers to share necessary data with stakeholders as needed. It has specific solutions for ACOs, hospitals, physician organizations, and other communities. For more, go to www.carefluence.com. Contact us at: https://carefluence.com/contact-us/.
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SOURCE Carefluence | https://www.kalb.com/prnewswire/2022/08/04/carefluence-earns-onc-health-it-certification-help-healthcare-entities-meet-deadline-interoperability/ | 2022-08-04T20:15:54Z | https://www.kalb.com/prnewswire/2022/08/04/carefluence-earns-onc-health-it-certification-help-healthcare-entities-meet-deadline-interoperability/ | true |
SEATTLE, Aug. 4, 2022 /PRNewswire/ -- Quark Expeditions, the global Leader in Polar Adventures, is proud to report the successful inaugural voyage of Ultramarine in the Canadian Arctic. On August 1, 2022, Quark Expeditions' newest vessel embarked on the 17-day Northwest Passage: In the Footsteps of Franklin voyage, which is one of the operator's five expeditions that explore the Canadian High Arctic.
This captivating adventure offers a wide range of opportunities that immerse Quark Expeditions' guests in the haunting beauty of the Canadian Arctic, where they'll experience rich Inuit culture, learn about polar history, witness abundant wildlife, and take advantage of the industry's most extensive portfolio of off-ship adventure options, which include Zodiac cruises, kayaking and hiking.
"We're so excited to have kicked off our Canadian Arctic season with the 17-day Northwest Passage: In the Footsteps of Franklin itinerary," said Thomas Lennartz, Vice-President of Sales and Customer Service for Quark Expeditions. "Not only does it herald our return to the much-beloved Canadian Arctic, but this voyage also marks Ultramarine's inaugural voyage in the Canadian North—which includes the fabled Northwest Passage. Guests get to enjoy the amenities of this technologically-advanced ship while steeped in polar history and wilderness."
True to its name, the Northwest Passage: In the Footsteps of Franklin expedition takes guests on a journey that retraces the footsteps of polar explorer Sir John Franklin and his ill-fated expedition to map out the Northwest Passage. Franklin departed the shores of England in May 1845 with a crew of 24 officers and 100 men and never returned. The doomed expedition remains one of the most enduring mysteries of Arctic exploration and is an integral part of this itinerary.
This unique voyage also includes stops in Greenland before traversing the Davis Strait to the northern tip of Baffin Island, near the eastern entrance to the Northwest Passage, where guests can often spot humpback and bowhead whales and an abundance of seabirds to the delight of birders and photographers alike. Guests also have the opportunity to visit the picturesque Inuit hamlet of Pond Inlet where they can meet Inuit guides and community members to learn more about the traditional Inuit way of life and rich culture.
Learn more about the Northwest Passage: in the Footsteps of Franklin itinerary and the other four Canadian High Arctic voyages offered in August and September.
About Quark Expeditions: Specializing exclusively in expeditions to Antarctica and the Arctic, Quark Expeditions® has been the leading innovator of polar adventure since the company took the first group of consumer travelers to the North Pole in 1991. Quark Expeditions has been innovating ever since. With a diverse fleet of specially-equipped small expedition vessels and icebreakers—some of them equipped with helicopters—Quark Expeditions delivers deeply immersive polar experiences—and is able to take guests deeper into the Polar Regions than anyone else. Led by passionate and seasoned expedition teams, including scientists, wildlife experts and researchers, Quark Expeditions offers an onboard program that enriches the passenger experience.
About Ultramarine:
The technologically-advanced Ultramarine, the newest addition to the Quark Expeditions fleet, is a game-changer in polar exploration. Equipped with two twin-engine Airbus 145 helicopters, 20 quick-launching Zodiacs and the largest portfolio of off-ship adventure options in the industry, Ultramarine changes the way guests explore the Polar Regions. Other features include a spa, sauna with floor-to-ceiling windows, fitness centre, yoga space, spacious rooms and two restaurants plus a lounge and presentation theatre. Ultramarine has been designed with advanced sustainability systems that help preserve the pristine Polar Regions for the next generation of explorers. Ultramarine has an Ice Class rating of 1A+ and Polar Class rating of PC6, which contribute to the vessel's superior standards of safety standard. The ship's innovative sustainability features, which help reduce its environmental footprint, include a micro auto gasification system (MAGS), which is capable of converting onboard waste into energy, eliminating the need for the transportation of waste.
About Travelopia: Travelopia is one of the world's leading specialist travel groups. A pioneer in the experiential travel sector with a portfolio consisting of more than 50 independently operated brands, most of which are leaders in their sector. From sailing adventures, safaris and sports tours, to Arctic expeditions, each brand is diverse and focused on creating unforgettable experiences for customers across the world
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SOURCE Quark Expeditions | https://www.wlbt.com/prnewswire/2022/08/04/quark-expeditions-launches-2022-canadian-arctic-season-with-its-new-ship-ultramarine/ | 2022-08-04T20:18:42Z | https://www.wlbt.com/prnewswire/2022/08/04/quark-expeditions-launches-2022-canadian-arctic-season-with-its-new-ship-ultramarine/ | false |
WFO BINGHAMTON Warnings, Watches and Advisories for Thursday, August 4, 2022
_____
SPECIAL WEATHER STATEMENT
Special Weather Statement
National Weather Service Binghamton NY
303 PM EDT Thu Aug 4 2022
...Strong thunderstorms will impact portions of southwestern Broome,
southeastern Tioga, western Susquehanna, eastern Bradford and western
Wyoming Counties through 345 PM EDT...
At 303 PM EDT, Doppler radar was tracking strong thunderstorms along
a line extending from near Warren Center to near Overton. Movement
was east at 25 mph.
HAZARD...Wind gusts up to 50 mph and half inch hail.
SOURCE...Radar indicated.
IMPACT...Gusty winds could knock down tree limbs and blow around
unsecured objects. Minor damage to outdoor objects is
possible.
Locations impacted include...
Conklin, Rush, Towanda, West Franklin, Wysox, Montrose, Sheshequin,
Ulster, Litchfield and Wilmot.
PRECAUTIONARY/PREPAREDNESS ACTIONS...
If outdoors, consider seeking shelter inside a building.
Heavy rainfall is also occurring with these storms and may lead to
localized flooding. Do not drive your vehicle through flooded
roadways.
Frequent cloud to ground lightning is occurring with these storms.
Lightning can strike 10 miles away from a thunderstorm. Seek a safe
shelter inside a building or vehicle.
LAT...LON 4140 7627 4154 7622 4158 7670 4202 7641
4204 7570 4138 7620
TIME...MOT...LOC 1903Z 271DEG 23KT 4193 7623 4152 7654
MAX HAIL SIZE...0.50 IN
MAX WIND GUST...50 MPH
_____
Copyright 2022 AccuWeather | https://www.mrt.com/weather/article/NY-WFO-BINGHAMTON-Warnings-Watches-and-17351920.php | 2022-08-04T20:20:07Z | https://www.mrt.com/weather/article/NY-WFO-BINGHAMTON-Warnings-Watches-and-17351920.php | true |
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Mayville Engineering Company, Inc. Quarterly Report (Form10)
Accepted:
Form Type:
10-Q
Accession Number:
0001558370-22-011790 | https://www.benzinga.com/secfilings/22/08/28334433/mayville-engineering-company-inc-quarterly-report-form10 | 2022-08-04T20:23:10Z | https://www.benzinga.com/secfilings/22/08/28334433/mayville-engineering-company-inc-quarterly-report-form10 | false |
NEW YORK, Aug. 4, 2022 /PRNewswire/ -- Standard Motor Products, Inc. (SMP) is pleased to announce it is the recipient of Waytek's 2021 Product of the Year Award for its Trombetta CAN Bus Power Splitters and Control Modules.
Each year, Waytek presents the Product of the Year Award to recognize the supplier that has distinguished itself by introducing an innovative product which delivers outstanding value. The award also recognizes the chosen supplier's strong commitment to excellence and collaboration with Waytek. The Trombetta CAN Bus Power Splitter and Control Modules series was selected to win the award due to its high quality, utility, and quick acceptance by Waytek customers. The series enables the breaking out of CAN signals using one connector, reducing the number of required plugs, wires, and harnesses.
Waytek Chief Customer Officer Kevin Pung stated, "Trombetta's CAN Bus Power Splitters and Control Modules are an innovative solution quickly embraced by our customers seeking an affordable, compact product for connecting multiple devices to a J1939 CAN bus network. We are privileged to work with a supplier like Trombetta who is committed to maintaining a strong relationship with us and providing valuable solutions to our customers."
Upon receiving this prestigious award, Mike Hassinger, Trombetta's Director of Sales and Marketing stated, "We are so proud to have been awarded Waytek's New Product of the Year Award. The introduction of our new splitter products has been an exciting venture, and we strongly believe these products will emerge as the industry standard. We'd like to thank Waytek for this tremendous honor and look to a strong continued partnership in the future."
With over 100 years in business, Standard Motor Products, Inc. is a leading independent manufacturer and distributor of premium automotive replacement parts. SMP supplies independent professional technicians and do-it-yourselfers with high quality replacement parts for engine management, ignition, emissions, fuel and safety-related systems, as well as temperature control products for domestic and import cars and light trucks. SMP is committed to providing replacement parts for all platforms including the latest hybrid and electric vehicle systems. SMP products are sold worldwide through both traditional and non-traditional distribution channels. For more information, download the SMP® Parts App or visit smpcorp.com and ir.smpcorp.com.
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SOURCE Standard Motor Products, Inc. | https://www.kwch.com/prnewswire/2022/08/04/standard-motor-products-wins-waytek-new-product-year-award/ | 2022-08-04T20:23:35Z | https://www.kwch.com/prnewswire/2022/08/04/standard-motor-products-wins-waytek-new-product-year-award/ | true |
A Virginia school district apologizes for a shirt logo that resembled a swastika
By Alisha Ebrahimji and Michelle Watson, CNN
A Virginia school district has apologized for distributing T-shirts with a logo resembling a swastika during a professional learning conference.
During the conference held for staff this week, Hanover County Public Schools distributed T-shirts and conference materials containing the logo, which the district says had been designed by one of its teachers.
The logo was intended “to represent four hands and arms grasping together — a symbol of unity for our all-county professional learning conference. Nothing more,” Michael Gill, superintendent of the district situated north of Richmond, said in an online message.
“We are deeply sorry for this mistake and for the emotions that the logo has evoked by its semblance to a swastika and, by extension, to the atrocities that were committed under its banner,” Gill said. “Unquestionably, we condemn anything associated with the Nazi regime in the strongest manner possible.”
Gill said the apology comes after concerns about the logo were raised, and that the district understands that the logo “has deeply upset members of our staff and community who see the logo as resembling a swastika.”
Photos of the shirt were posted on the Hanover County Schools Facebook page, according to CNN affiliate WTVR, but have since been removed.
The images circulated widely on social media and were reposted by Rachel Levy, a public school advocate, parent and Virginia House of Delegates candidate running in 2023.
Last month, an elementary school in Georgia redesigned their school’s logo for a second time after parents pointed out its resemblance to a swastika.
Daniel Staffenberg, chief executive of the Jewish Community Federation of Richmond, said he appreciated the school system’s quick response.
“In partnership with the school board, we will continue to address this incident and ensure that Jewish students, families, and all vulnerable minorities unsettled by this logo are represented in the cities and school systems they inhabit,” he said in an online statement.
The group and its partners reached out to Gill by letter and plan on scheduling a meeting to discuss next steps in making sure “the voice of Jewish students and those of other minority faiths are heard and respected.”
The district serves about 17,000 students, who are on summer break and are scheduled to resume classes September 6.
The-CNN-Wire
™ & © 2022 Cable News Network, Inc., a WarnerMedia Company. All rights reserved. | https://kion546.com/news/national-world/cnn-national/2022/08/04/a-virginia-school-district-apologizes-for-a-shirt-logo-that-resembled-a-swastika-2/ | 2022-08-04T20:27:15Z | https://kion546.com/news/national-world/cnn-national/2022/08/04/a-virginia-school-district-apologizes-for-a-shirt-logo-that-resembled-a-swastika-2/ | false |
Forecasters trim hurricane season outlook a bit, still busy
This hurricane season may be a tad quieter than forecasters initially thought, but it is still likely to be busier than normal, government forecasters and others say.
The National Oceanic and Atmospheric Administration on Thursday trimmed their hurricane season outlook from a 65% chance for above-normal activity to 60% and increased the odds of a normal season from 25% to 30% because of uneven sea surface temperature, including a patch of cooler water off Portugal. Parts of the Atlantic are warmer than normal, but the variability had forecasters "backing off on the higher end" of their predictions, said lead hurricane outlook forecaster Matthew Rosencrans.
The weather agency now predicts 14 to 20 named storms instead of its May forecast which was 14 to 21. The predicted number of hurricanes remains the same at six to 10 while those storms that hit a major category of at least 111 mph are now forecast to be three to five instead of three to six. The forecast includes the three tropical storms that formed in June and early July, about average for this time of year, but quieter than the last few years.
Video above: Why we need hurricanes
An average season has 14 named storms with seven becoming hurricanes and three of those being majors, according to NOAA. There were 21 named storms last year, a record 30 in 2020 and 18 in 2019.
"While the tropics have been relatively quiet over the last month, remember that it only takes one landfalling storm to devastate a community. This is especially critical as we head into what the team here anticipates is likely to be a busy peak of the season," Rosencrans said in a press briefing.
A persistent La Nina — the natural cooling of parts of the Pacific that changes weather worldwide — weak trade winds and some warmer than normal Atlantic water temperatures still point to a busy season, Rosencrans said. But the patches of cool water, with temperatures closer to normal than originally predicted in some places, "could kind of tamp down on activity," he said.
Colorado State University, which pioneered hurricane season forecasts, also dialed back its predictions for the season compared to what it said in April. The school now predicts 18 named storms, down from 19, with eight becoming hurricanes, down from nine. Colorado State predicts four major hurricanes, same as it forecast in April.
Video above: From above and below, new ways of collecting data this hurricane season
"I don't think the season is going to be a dud, but it's taking its sweet time getting going," said Colorado State University hurricane researcher Phil Klotzbach, head of the school's forecast team.
Klotzbach said this year with its strong La Nina and nearer to average water temperatures seems similar to 1999, 2000, 2011 and last year, which featured a devastating Hurricane Ida that hit Louisiana and sloshed into the Northeast with heavy rain, causing many deaths in the New York-New Jersey region.
"Hopefully, we'll have no Idas this year, but the overall environment is very similar," Klotzbach said.
About 90% of Atlantic storms happen from August on. Hurricane season peaks from mid-August to mid-October with the season ending on Nov. 30.
Video above: Exclusive video of Hurricane Ida's storm surge | https://www.4029tv.com/article/hurricane-season-outlook-still-busy/40810219 | 2022-08-04T20:28:08Z | https://www.4029tv.com/article/hurricane-season-outlook-still-busy/40810219 | false |
You need to enable JavaScript to run this app. | https://sportspyder.com/nhl/new-york-islanders/articles/40288270 | 2022-08-04T20:29:19Z | https://sportspyder.com/nhl/new-york-islanders/articles/40288270 | false |
INGREZZA® (valbenazine) Second Quarter Net Product Sales of $350 Million
INGREZZA® (valbenazine) 2022 Net Product Sales Guidance Raised to $1.35 - $1.40 Billion
Essential Tremor Signal-Seeking Study Did Not Meet Specified Endpoints
SAN DIEGO, Aug. 4, 2022 /PRNewswire/ -- Neurocrine Biosciences, Inc. (Nasdaq: NBIX) today announced its financial results for the second quarter ended June 30, 2022 and raised net sales guidance for INGREZZA in 2022.
"Following INGREZZA's strong performance in the first half of this year, we raised full year net sales guidance. Growth continues to be driven by improving diagnosis and treatment rates for patients with tardive dyskinesia," said Kevin Gorman, Ph.D., Chief Executive Officer of Neurocrine Biosciences. "Although disappointed that our essential tremor data was not what we hoped to see, we look forward to the continued advancement of our pipeline with the recent FDA approval to initiate a Phase 2 proof-of-concept study for the treatment of schizophrenia with our selective M4 agonist."
Second Quarter INGREZZA Net Product Sales and Commercial Highlights:
- Net product sales were $350 million with total prescriptions (TRx) of approximately 64,200
- Net product sales and TRx grew 32% and 31%, respectively, vs. second quarter of 2021
- Sequential growth driven by record new patients and continued strength in existing patients' refill rates
Financial Highlights:
- Second quarter 2022 GAAP net loss and loss per share of $17 million and $0.18, respectively, compared with second quarter 2021 GAAP net income and diluted earnings per share of $42 million and $0.43, respectively, primarily driven by $70 million loss on extinguishment of debt in the second quarter of 2022.
- Second quarter 2022 non-GAAP net income and diluted earnings per share of $82 million and $0.84, respectively, compared with $70 million and $0.72, respectively, for second quarter 2021.
- Differences in second quarter 2022 GAAP and non-GAAP operating expenses compared with second quarter 2021 driven by:
- Total debt outstanding decreased by $211 million to $170 million following our repurchase of approximately 55% of total debt outstanding in the second quarter of 2022. The total aggregate repurchase price of $279 million was paid in cash and resulted in the recognition of a $70 million loss on extinguishment in the second quarter of 2022.
- At June 30, 2022, the Company had cash, cash equivalents and marketable securities of approximately $1.1 billion.
A reconciliation of GAAP to non-GAAP financial results can be found in Table 3 and Table 4 at the end of this earnings release.
Recent Events:
- In June 2022, the Mitsubishi Tanabe Pharma Corporation (MTPC) launched DYSVAL® (valbenazine) in Japan for the treatment of tardive dyskinesia. In connection with MTPC's first commercial sale of DYSVAL in Japan, we received a milestone payment of $20.0 million, which was recognized as revenue in the second quarter of 2022.
- In the second quarter of 2022, the FDA accepted our submission of an investigational new drug application (IND) for NBI-1117568 for the treatment of schizophrenia, for which we anticipate initiating a Phase 2 study during the second half of 2022. Based upon this progress, a milestone of $30.0 million was expensed as R&D in the second quarter of 2022, which we expect to pay to Sosei Heptares in the third quarter of 2022.
- In August, the Phase 2a study of NBI-827104 in essential tremor did not meet specified endpoints. Based on the totality of data from the Phase 2a study, at this time, we do not plan to proceed further with the clinical development of NBI-827104 in essential tremor.
Based upon available Federal net operating losses and tax credits, the Company expects to begin making cash payments for Federal income tax beginning in the fourth quarter of 2022.
Conference Call and Webcast Today at 4:30 PM Eastern Time
Neurocrine Biosciences will hold a live conference call and webcast today at 4:30 p.m. Eastern Time (1:30 p.m. Pacific Time). Participants can access the live conference call by dialing 800-895-3361 (US) or 785-424-1062 (International) using the conference ID: NBIX. The webcast can also be accessed on Neurocrine Biosciences' website under Investors at www.neurocrine.com. A replay of the webcast will be available on the website approximately one hour after the conclusion of the event and will be archived for approximately one month.
About Neurocrine Biosciences
Neurocrine Biosciences is a neuroscience-focused, biopharmaceutical company with a simple purpose: to relieve suffering for people with great needs, but few options. We are dedicated to discovering and developing life-changing treatments for patients with under-addressed neurological, neuroendocrine and neuropsychiatric disorders. The company's diverse portfolio includes FDA-approved treatments for tardive dyskinesia, Parkinson's disease, endometriosis* and uterine fibroids*, as well as over a dozen mid-to-late-stage clinical programs in multiple therapeutic areas. For three decades, we have applied our unique insight into neuroscience and the interconnections between brain and body systems to treat complex conditions. We relentlessly pursue medicines to ease the burden of debilitating diseases and disorders, because you deserve brave science. For more information, visit neurocrine.com, and follow the company on LinkedIn. (*in collaboration with AbbVie)
Non-GAAP Financial Measures
In addition to the financial results and financial guidance that are provided in accordance with accounting principles generally accepted in the United States (GAAP), this press release also contains the following non-GAAP financial measures: non-GAAP R&D expense, non-GAAP SG&A expense, and non-GAAP net income and net income per share. When preparing the non-GAAP financial results and guidance, the Company excludes certain GAAP items that management does not consider to be normal, including recurring cash operating expenses that might not meet the definition of unusual or non-recurring items. In particular, these non-GAAP financial measures exclude: non-cash stock-based compensation expense, non-cash interest expense related to convertible debt, loss on extinguishment of convertible senior notes, changes in fair value of equity security investments and certain adjustments to income tax expense. These non-GAAP financial measures are provided as a complement to results provided in accordance with GAAP as management believes these non-GAAP financial measures help indicate underlying trends in the Company's business, are important in comparing current results with prior period results and provide additional information regarding the Company's financial position. Management also uses these non-GAAP financial measures to establish budgets and operational goals that are communicated internally and externally and to manage the Company's business and evaluate its performance. The Company provides guidance regarding combined R&D and SG&A expenses on both a GAAP and a non-GAAP basis. A reconciliation of these GAAP financial results to non-GAAP financial results is included in the attached financial information.
Forward-Looking Statements
In addition to historical facts, this press release contains forward-looking statements that involve a number of risks and uncertainties. These statements include, but are not limited to, statements related to: the benefits to be derived from our products and product candidates; the value our products and/or our product candidates may bring to patients; the continued success of INGREZZA; our financial and operating performance, including our future revenues, expenses, or profits; our collaborative partnerships; expected future clinical and regulatory milestones; expectations regarding our ability to adapt our business to the evolving COVID-19 pandemic globally, mitigate its impact on our business, including our ability to continue conducting our ongoing clinical trials and other development activities, to protect the safety and well-being of our employees, to continue to support uninterrupted supply of INGREZZA, and to otherwise advance our business objectives; and the timing of the initiation and/or completion of our clinical, regulatory, and other development activities and those of our collaboration partners. Among the factors that could cause actual results to differ materially from those indicated in the forward-looking statements are: our future financial and operating performance; risks associated with the commercialization of INGREZZA and ONGENTYS; the impact of the evolving COVID-19 pandemic globally on our business and the business operations of our customers, collaborators, vendors, and clinical trial sites including the impact on the ability of patients to have in-person visits with their health care provider; risks related to the development of our product candidates; risks associated with our dependence on third parties for development, manufacturing, and commercialization activities for our products and product candidates, and our ability to manage these third parties; risks that the FDA or other regulatory authorities may make adverse decisions regarding our products or product candidates; risks that clinical development activities may not be initiated or completed on time or at all, or may be delayed for regulatory, manufacturing, COVID-19 or other reasons, may not be successful or replicate previous clinical trial results, may fail to demonstrate that our product candidates are safe and effective, or may not be predictive of real-world results or of results in subsequent clinical trials; risks that the potential benefits of the agreements with our collaboration partners may never be realized; risks that our products, and/or our product candidates may be precluded from commercialization by the proprietary or regulatory rights of third parties, or have unintended side effects, adverse reactions or incidents of misuse; risks associated with U.S. federal or state legislative or regulatory and/or policy efforts which may result in, among other things, an adverse impact on our revenues or potential revenue; risks associated with potential generic entrants for our products; and other risks described in our periodic reports filed with the SEC, including our Quarterly Report on Form 10-Q for the quarter ended June 30, 2022. Neurocrine Biosciences disclaims any obligation to update the statements contained in this press release after the date hereof.
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SOURCE Neurocrine Biosciences, Inc. | https://www.kfyrtv.com/prnewswire/2022/08/04/neurocrine-biosciences-reports-second-quarter-2022-financial-results-raises-2022-ingrezza-sales-guidance/ | 2022-08-04T20:29:51Z | https://www.kfyrtv.com/prnewswire/2022/08/04/neurocrine-biosciences-reports-second-quarter-2022-financial-results-raises-2022-ingrezza-sales-guidance/ | false |
BUENOS AIRES, Argentina — The market welcomed Argentina’s new Economy Minister Sergio Massa on Thursday with what appeared to be a cautiously optimistic attitude amid questions about how he would fulfill a key goal of reducing the fiscal deficit, while leftist groups criticized his initial plans that they said would inevitably lead to strong austerity measures.
The peso strengthened slightly in the financial market, seen as an important metric on confidence considering the government keeps a tight grip on the official exchange rate. The value of the dollar in the black market (known locally as the “blue” dollar) decreased from 297 pesos to 291 pesos.
Argentine government bonds saw early gains in the first few hours of trading after Massa’s swearing-in Wednesday afternoon but these were largely wiped out by the afternoon. Argentine stocks also saw slight gains both locally and in New York on a day in which equities in general saw gains.
In his first news conference as economy minister Wednesday evening, Massa sent several pro-market signals, including a goal of increasing the country’s hard-currency reserves, a decrease in the deficit and a vow to no longer use the Central Bank to finance government operations.
Massa, who resigned as head of Congress’ lower house, the Chamber of Deputies, to take on a strengthened Economy Ministry that includes the previously independent Production and Agriculture ministries, is President Alberto Fernández’s bet to face a growing economic crisis that has also exposed deep divisions within the government’s ruling coalition.
In an example of the balancing act that Massa will now have to carry out, his initial words were not well received by leftist groups and even more left-leaning elements of the ruling coalition who are demanding more welfare for the poorest members of society who have been particularly hard-hit by one of the world’s highest inflation rates, currently running at more than 60 percent annually.
Economic analysts said that Massa, who has close relationship with the country’s business elite and has spent years building contacts in the United States, appears committed to slashing spending and fulfilling the goal of reaching a fiscal deficit of 2.5% of Gross Domestic Product, which was part of the commitment the country made with the International Monetary Fund to restructure some $45 billion in Argentine debt.
Left-leaning members of the governing coalition, including Vice President Cristina Fernández, a former president, have been highly critical of the agreement with the IMF.
“There’s a feeling that the vice president in particular got scared at how much reserves fell in July, how much inflation increased,” Camilo Tiscornia, head of local consultancy C&T Asesores Economicos. “The government is more scared and is willing to take more unpopular measures.”
Tiscornia said that the “most solid” part of Massa’s first announcements included a larger than expected cut in subsidies for public utilities.
Other parts of his initial plan, however, were not precise, particularly those that had to do with decreasing inflation.
“The announcements appear to fall short,” Tiscornia said.
Others agreed a larger scale plan was needed if Massa has any hope of success in his new role.
“To face up to an inflationary process as large as the current one, which threatens to reach 100% annually, requires an integral plan made up by a group of fiscal, monetary, exchange and revenue measures that are coordinated,” said Víctor Beker of the University of Belgrano’s Center for the Study of the New Economy. “That is not appearing for now.”
Analysts and opposition leaders also questioned that Massa failed to detail how he would increase Central Bank reserves nor what would be his exchange-rate policy, even though he did emphasize a strong devaluation was not a part of his plan.
United for Change, the main opposition force, said that Massa’s announcements were too general and “in no way make up an economic plan and do not constitute a program to stabilize the economy, which is essential and must be immediate.” | https://www.washingtonpost.com/business/argentina-markets-give-tepid-welcome-to-new-economy-chief/2022/08/04/e14127e2-142f-11ed-8482-06c1c84ce8f2_story.html | 2022-08-04T20:34:19Z | https://www.washingtonpost.com/business/argentina-markets-give-tepid-welcome-to-new-economy-chief/2022/08/04/e14127e2-142f-11ed-8482-06c1c84ce8f2_story.html | true |
WASHINGTON (AP) — A federal grand jury investigating efforts to undo the results of the 2020 presidential election has subpoenaed the White House counsel under then-President Donald Trump and his top deputy, according to a person familiar with the matter.
The subpoenas to Pat Cipollone and Patrick Philbin suggest an intensifying Justice Department investigation into the events surrounding the deadly Jan. 6 insurrection at the U.S. Capitol, when Trump loyalists stormed the building in hopes of halting the certification of election results. They also suggest that prosecutors regard close advisers to Trump as potentially vital witnesses.
Cipollone was the top White House lawyer in the final days of the Trump administration and was part of the legal team that defended the Republican president in his first House impeachment trial in 2020. But Cipollone vigorously resisted attempts by Trump and his allies to undo the results of the presidential election Trump lost to Democrat Joe Biden, saying he did not agree that there was sufficient fraud to have affected the outcome of the race.
The grand jury subpoenas were confirmed to The Associated Press by a person familiar with the matter who insisted on anonymity to discuss an ongoing investigation. Cipollone, Philbin and a lawyer who has been representing them did not return messages seeking comment.
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What happens next is unclear, though there may be negotiations over the scope of the grand jury testimony given that Cipollone and Philbin were lawyers inside the White House and were privy to numerous private conversations with the president. Executive privilege generally protects a president’s ability to obtain candid counsel from advisers without fear of immediate public disclosure, though there are limits.
Federal prosecutors have been especially focused on a scheme by Trump allies to elevate fake electors in key battleground states won by Biden as a way to subvert the vote, issuing subpoenas in recent weeks to multiple state Republican party chairmen.
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Other subpoena recipients have included Marc Short, who was the chief of staff to former Vice President Mike Pence and who has testified before the grand jury.
The Justice Department investigation into the Jan. 6, 2021, insurrection and into the efforts to overturn the election has been proceeding alongside a separate probe by a House committee, which has held several public hearings, including in prime time.
Cipollone was interviewed privately by that panel last month and refused to discuss his conversations with Trump, citing executive privilege.
But portions of Cipollone's private interview were featured prominently in recent hearings of the Jan. 6 panel, including video clips of him discussing a heated December 2020 meeting at the White House during which outside aides and advisers to Trump discussed a proposed executive order calling for the seizure of voting machines.
“To have the federal government seize voting machines? That’s a terrible idea for the country. That’s not how we do things in the United States,” Cipollone testified, adding, “I don’t understand why we even have to tell you why that’s a bad idea for the country.” | https://www.bostonglobe.com/2022/08/04/nation/trump-white-house-lawyers-subpoenaed-by-jan-6-probe-grand-jury/ | 2022-08-04T20:34:36Z | https://www.bostonglobe.com/2022/08/04/nation/trump-white-house-lawyers-subpoenaed-by-jan-6-probe-grand-jury/ | true |
SAN DIEGO (AP) — Juan Soto got multiple ovations in his first game with the Padres and Brandon Drury did even better, hitting a grand slam on the first pitch he saw with his new team to lead San Diego to a 9-1 victory against the Colorado Rockies on an electric Wednesday night at Petco Park.
The Padres unveiled their new-look lineup with Soto batting second and Josh Bell hitting cleanup a day after they were obtained from Washington in one of the biggest deadline deals ever. Drury was also obtained on Tuesday, from Cincinnati, and put a charge into the already festive atmosphere with a grand slam off Chad Kuhl with one out in the first.
Manny Machado, who has carried the Padres most of the season, homered leading off the fifth and finished a triple short of the cycle in San Diego’s fifth straight win. Jake Cronenworth had a two-run shot. The big beneficiary was left-hander Blake Snell (4-5), who struck out nine in six innings and won his third straight start.
The big attraction was Soto, the 23-year-old generational talent whose acquisition gave a jolt to both the team and the city. The sellout crowd of 44,652 gave Soto, a two-time All-Star and a former World Series champion, a standing ovation when he ran out to his position in right field in the first inning. The fans rose and cheered again when he came to bat with one out in the bottom of the inning and drew a walk.
Machado doubled and Bell walked to load the bases before Cronenworth was hit by a pitch to bring in Soto. Drury then drove the first pitch he saw from Kuhl into the seats in left-center and the fans went nuts. It was his second career grand slam and 21st homer this season.
Soto singled, walked twice, scored once and grounded out twice. Bell had two walks and scored twice.
Snell had a third straight strong start. He held the Rockies to one run and four hits in six innings, with no walks. His four wins this season have come in his last five starts. After receiving just 15 runs of support in his first 11 starts, he has received 19 runs of support in his last two starts.
Kuhl (6-7) allowed nine runs and eight hits in five innings, struck out four and walked three.
UP NEXT
Rockies LHP Kyle Freeland (6-7, 4.63 ERA) and Padres RHP Joe Musgrove (8-4, 2.65) are scheduled to start Thursday afternoon when San Diego goes for a five-game sweep.
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More AP MLB: https://apnews.com/hub/mlb and https://twitter.com/AP_Sports Datastream | https://www.wearegreenbay.com/sports/ap-sports/soto-cheered-drury-hits-slam-as-padres-beat-rockies-9-1/ | 2022-08-04T20:36:00Z | https://www.wearegreenbay.com/sports/ap-sports/soto-cheered-drury-hits-slam-as-padres-beat-rockies-9-1/ | false |
QUETTA, Pakistan — Suspected separatists threw a grenade at a roadside store selling Pakistani national flags in southwestern Baluchistan province on Thursday night, killing a man and wounding 14 people, police said.
For nearly two decades, Baluchistan has been the scene of a low-level insurgency by separatist groups demanding independence from the central government in Islamabad. The government says it has quelled the insurgency, but violence in the province has persisted.
Pakistan will celebrate Independence Day on Aug, 14, the date in 1947 when the country became independence from British colonial rule when India was divided. | https://www.washingtonpost.com/world/grenade-at-store-selling-flags-in-southwest-pakistan-kills-1/2022/08/04/c5906e2e-142d-11ed-8482-06c1c84ce8f2_story.html | 2022-08-04T20:37:36Z | https://www.washingtonpost.com/world/grenade-at-store-selling-flags-in-southwest-pakistan-kills-1/2022/08/04/c5906e2e-142d-11ed-8482-06c1c84ce8f2_story.html | false |
ANN ARBOR, Mich., Aug. 4, 2022 /PRNewswire/ -- Xoran Technologies® announces that last month it received FDA 510(k) clearance for TRON® — a truly mobile, full-body fluoroscopy, computed tomography (CT) X-ray system.
"When Xoran states that TRON is the 'One RING to rule them all,' we truly mean that this compact, mobile, open-bore device is poised to revolutionize global initiatives to democratize access to diagnostic imaging," says Xoran CEO Misha Rakic. "TRON is uniquely suited to provide safe, ultra-high-resolution, low dose imaging in traditional settings such as the operating room, surgery center, and critical care unit where space is limited, and hospital budgets are stretched thin."
"Its compact size and weight make it truly nimble without any need for bulky motors and batteries," continues Rakic. "What's more, because TRON scans take less than a minute, and the system is easy-to-use, it can be further mobilized by placing it in small vans, lending TRON to low-dose screening brought to patients and not the other way around. This means that Xoran's Vehicle-Based Solutions™ can be used for community health initiatives and in ambulance and military front-line scenarios."
Additionally, in July, Xoran announced it had begun work on Phase 2 of its mobile lung grant—the goal of which is to confirm the safety and utility of a future thoracic point-of-care CT system in support of an FDA submission. These research and development efforts for lung CT are supported by a recent grant award from the National Heart, Lung, and Blood Institute (NHLBI) through the National Institutes of Health (NIH).
About Xoran Technologies
Since 2001, Xoran is the pioneer and medical market leader in low-dose radiation, cone beam CT systems specifically designed for the patient's point-of-care. Providers around the world rely on our industry leading MiniCAT™, xCAT™, and veterinary CT systems: VetCAT and vTRON, to diagnose and treat patients.
Xoran is based in Ann Arbor, Michigan.
For more information visit www.xorantech.com
© 2022 Xoran Technologies, LLC
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SOURCE Xoran Technologies, LLC | https://www.kmvt.com/prnewswire/2022/08/04/xoran-announces-fda-510k-clearance-truly-mobile-fluoroscopy-ct-tron/ | 2022-08-04T20:38:43Z | https://www.kmvt.com/prnewswire/2022/08/04/xoran-announces-fda-510k-clearance-truly-mobile-fluoroscopy-ct-tron/ | false |
(WKBN) – It has been over 35 years since Danny Lee Hill was sentenced to death for the murder of 12-year-old Raymond Fife. While his stay on Death Row has been lengthy, it’s not unusual for prisoners in Ohio.
Ohio has 130 prisoners on Death Row, many of which have been there for decades. The last execution in the state took place on July 18, 2018, when Robert Van Hook was executed 33 years after stabbing a man to death in a Cincinnati apartment.
The hold-up on Hill’s execution has drawn the ire of Trumbull County Prosecutor Dennis Watkins, who recently asked the legislature to consider other methods such as electrocution or a firing squad. He added that Fife’s mother, who is in her 80s, should see justice served in her lifetime. WKBN spoke to her in 2019, and she talked about the lack of closure in the case.
Recently, states like South Carolina began looking into these other options as lethal injection drugs are becoming harder to find.
Are these methods likely in Ohio, though?
Dan Tierney, press secretary for Ohio Governor Mike DeWine’s office, said there is more to it than just making the decision to switch.
“Methods of execution are set in statute. Current statutes designate only lethal injection as a permissible method. Any change in statute would be initiated by the Ohio General Assembly,” he said in a statement to WKBN.
There is currently no pending legislation to make changes to the state’s execution method, though there is legislation to completely abolish it. Those bills were introduced in the House and Senate and were sent to committees for review.
State Senator Nickie Antonio, D-23rd District, said looking for other forms of execution is not the answer.
“I do not believe the solution for the inability to carry out executions by lethal injection is to search for other ways to take a life. To me, the moratorium on the death penalty in Ohio should be extended indefinitely. Since 2011, I have introduced legislation to end the death penalty, once and for all – most recently as Senate Bill 103, a bipartisan bill introduced this General Assembly to end Ohio’s use of the death penalty and replace it with a sentence of life without parole.”
WKBN First News reached out to several Valley lawmakers about their thoughts on what, if any, action can be expected from the General Assembly. None that we reached out to returned our request, other than Sen. Antonio.
It’s not surprising that lawmakers may be resistant to talking about the hot-button issue.
The Office of Ohio Public Defenders is in support of SB 103 and its abolition of the death penalty in the state.
Writing for the Ohio Bar Association (OBA) in 2021, State Public Defender Timothy Young said that “the death penalty is the most inefficient government program in existence. If any other law was this expensive, this flawed and this ineffective at delivering results, there is no doubt the General Assembly would rescind that law.”
Saleh Awadallah, who works in the Cuyahoga County prosecutor’s office as the Major Trial Unit Supervisor, wrote in an OBA report that the Ohio legislature has done virtually nothing to advance enabling statutes designed to effectuate victims’ rights under the Ohio Constitution (Marsy’s Law). He asks “will they fix it, or will they further cripple it?”
Awadallah wrote that the courts often move slowly on capital cases after conviction because executions are likely decades away.
So what’s the hold-up with Ohio’s executions?
Lethal injection is still the most common method of execution, but more recently, there have been some issues with the process.
Part of the delay in Ohio is that pharmaceutical companies have specified that their drugs can’t be used for lethal injection. If the state were to ignore that directive, these companies have stated they will no longer provide their pharmaceutical drugs to any state entity, including state hospitals.
Some of those companies contend that their drugs weren’t designed for this purpose, and they don’t want them connected to killing people.
There isn’t one specific drug created for executions, rather, states are using a drug cocktail designed to produce certain effects. Ohio had been using midazolam as part of its three-drug protocol and used it during its last execution in the state, on Robert Van Hook.
In a court filing, Dr. Mark Edgar, who performed Van Hook’s autopsy; and a witness in the case seeking to do away with the death penalty said the drug causes pulmonary edema, creating “air hunger.” Edgar said that the lungs fill up with fluid instead of air. In the court filing, medical witnesses describe pulmonary edema as physically and emotionally painful, stressful and panic-inducing.
Edgar had said that phenobarbital, also a lethal injection drug, does the same thing.
The federal judge agreed with Edgar’s assessment, comparing it to waterboarding, and said it met the Supreme Court’s standard for cruel and unusual punishment.
Citing the Supreme Court decision, Ohio Gov. Mike DeWine delayed the execution of Warren Henness, who still remains on Ohio’s Death Row for the murder of his drug-abuse counselor, while state officials could look at other drug options.
DeWine’s spokesperson said the governor’s reprieve on recent executions has not been related to just one specific drug, however, but the ability to find any drugs.
How alternative methods of execution are working in other states
As the drugs used for executions have become harder to find, states are looking at new methods — even returning to older methods, like electrocution and firing squads, to execute their prisoners.
In 2018, Alabama became the third state — along with Oklahoma and Mississippi — to authorize the untested use of nitrogen gas to execute prisoners. Death would be caused by forcing the inmate to breathe only nitrogen, depriving that inmate of oxygen.
According to the Associated Press, lawmakers thought it could be a more humane way of execution, though critics said it amounts to human experimentation.
No state has used it to carry out an execution, though Alabama reported that it has a system in place for it, according to the Death Penalty Information Center.
In May, South Carolina added a firing squad as a method of execution, attributing its hiatus in executions to an inability to secure lethal injection drugs after the state’s last batch expired in 2013.
The Death Penalty Information Center has been tracking the recent developments in executions across the United States. The non-profit organization was founded in 1990 to provide in-depth reports and analyses on the history and new developments of the death penalty.
One thing that has remained true, according to the center’s deputy director Ngozi Ndulue, is that as new methods are developed, lawsuits often follow.
“When we have execution methods that haven’t happened in decades, or you have one that, no one has ever been executed with one, I think that there is definitely going to be litigation. And then you also have states that have set up their procedures in ways that almost guarantee last-minute litigation,” Ndulue said.
In South Carolina’s case, Richard Bernard Moore was to be the first firing squad execution in the United States since 2010, but the state’s high court issued a temporary stay on the April execution. Moore’s attorneys had challenged the constitutionality of South Carolina’s execution methods, which also include the electric chair. Lawyers argued that both methods are “barbaric” methods of killing and questioned prison officials’ claims that they couldn’t get lethal injection drugs.
Traditionally, a prisoner who is executed by a firing squad is bound to a chair with a hood pulled over his or her head. Standing in an enclosure 20 feet away are shooters armed with .30-caliber rifles loaded with single rounds. One of the shooters is given blank rounds. The shooters then fire at the inmate, aiming at his or her heart.
In another controversial method, reports say Arizona refurbished its gas chamber and purchased the chemicals used to make hydrogen cyanide gas. Critics compared it to the method that the Nazis used during the Holocaust to kill hundreds of thousands of Jewish people at the Auschwitz concentration camp.
The Associated Press reports that while a few other states have lethal-gas execution laws on the books, Arizona is the only one that still has a working gas chamber. Its last lethal gas execution was carried out in 1999.
State corrections officials did not respond to WKBN’s request for comment on its planned procedure.
In April, a judge denied a request by the Jewish Community Relations Council of Greater Phoenix to bar the state from using cyanide gas to carry out executions in Arizona. The judge ruled that the state’s constitution allows for the use of lethal gas in death penalty cases, and inmates are given the choice between lethal gas and injection, though no inmates have picked lethal gas so far.
An appeal has been filed in that case.
Potential litigation aside, even if Ohio were to pursue another method of execution, it would have to get the materials first.
In 2001, Ohio Gov. Bob Taft stopped electrocution as a form of capital punishment in Ohio. In 2002, Ohio’s electric chair, nicknamed “Old Sparky,” was decommissioned and disconnected from service. The original electric chair was donated to the Ohio Historical Society, and a replica electric chair was donated to the Mansfield Reformatory Preservation Society.
Is society getting away from the death penalty?
Virginia abolished the death penalty last year, becoming the 23rd state, and the first in the South, to eliminate capital punishment. The repeal was significant because the state was a leader in executions.
Those in favor of the repeal cited the death penalty’s legacy and connections to slavery and lynching.
During the peak of modern-day executions in the U.S., the states were executing about 98 prisoners per year, according to the Death Penalty Information Center. Now, there are less than 30 per year.
There are a few reasons behind this, Ndulue says.
“One of the things that I will say that really has contributed a lot to this erosion of the death penalty is further awareness that innocent people get wrongfully convicted and do get sentenced to death,” she said.
There are also financial implications.
“From the moment that a death penalty case starts, it’s more expensive than any type of case,” Ndulue said.
The Ohio Department of Rehabilitation and Corrections did not have information on the cost of executing a prisoner, but the Death Penalty Information Center reports that studies consistently show that it is actually more expensive than alternative punishments. One big factor driving up the cost is the cost of the appeals process and legal protections in death penalty cases.
Ohio Public Defender Timothy Young, writing for the Ohio Bar Association, cited a 2014 report from the Dayton Daily News that reported that Ohio taxpayers pay approximately $3 million per death penalty case compared to $1 million per life without parole case.
According to the latest release from the Ohio Department of Corrections, the average daily cost to house each inmate is $97, with a total yearly budget of over $1.5 million.
Ndulue said with those things in mind, officials in various states have decided that it’s not worth the effort.
“It’s just like, ‘Wait, so we’re jumping through all of these hoops when we know that the most likely outcome of any death sentence that is imposed is that they’re going to end up with a life sentence?’ It’s much less likely for a death sentence to result in an execution than it is for the death sentence to actually be reduced to life,” she said.
In total, just 11 inmates were executed across the U.S. in 2021.
The question is how long will Ohio wait out what to do with the death penalty? With no pending legislation to approve other forms of capital punishment, Death Row inmates will sit and wait through their appeals — inmates like Warren Spivey, who broke into the Youngstown home of 53-year-old Veda Vesper in January of 1989, stabbing and beating her to death during the robbery.
Spivey was sentenced to death in November of 1989 for the crime, but he sat in the Chillicothe Correctional Institution until Jan. 17, 2020, when he died of natural causes.
The question now is whether Danny Lee Hill’s prison sentence will end the same way. | https://www.wdtn.com/news/ohio/death-by-firing-squad-how-likely-is-it-in-ohio/ | 2022-08-04T20:41:52Z | https://www.wdtn.com/news/ohio/death-by-firing-squad-how-likely-is-it-in-ohio/ | true |
DALEVILLE, Ind. (WISH) — Four people were formally charged Thursday in connection to a Daleville murder that occurred in July.
According to the Delaware County Prosecutor’s Office, Alexander Geesy, 18; Ryan Geesy, 22; Brandi Zirkle, 31; and Dawn Schattner, 53, are all facing charges in connection to the murder of 38-year-old Randall Coomer.
On July 22, investigators say Coomer approached the suspects, who were speeding on the road in two separate vehicles, making obscene gestures to other drivers in the area, including Coomer’s wife, according to court documents. Chief Deputy Jeff Stanley told News 8 that Coomer lived within a quarter-mile of where he was shot.
Police say that when Coomer approached the suspects, Alexander Geesy fired several warning shots and instructed Coomer to get on the ground. According to documents, it was when Coomer attempted to leave the scene when Alexander Geesy fatally shot him.
Emergency responders pronounced Coomer dead at the scene, according to police.
Court documents say that Zirkle’s children — ages 8, 14, and 16 — were all at the scene in one of the vehicles with Schattner. In an interview. Schattner told investigators that she gave the three other suspects her vehicle to flee to Tennessee on July 23.
On July 29, Ryan Geesy called a Delaware County detective, telling them he was bringing Alexander Geesy and Zirkle back to Muncie.
Thursday, Alexander Geesy was charged with murder and obstruction of justice. Ryan Geesy was charged with assisting a criminal and obstruction of justice. Brandi Zirkle was charged with assisting a criminal, obstruction of justice, and three counts of neglect of a dependent. Dawn Schattner was charged with assisting a criminal, obstruction of justice, and one count of neglect of a dependent.
The Delaware County Prosecutor’s Office did not provide a mugshot for Dawn Schattner. | https://www.wishtv.com/news/indiana-news/four-people-charged-in-connection-to-daleville-murder/ | 2022-08-04T20:45:53Z | https://www.wishtv.com/news/indiana-news/four-people-charged-in-connection-to-daleville-murder/ | false |
Amber Alert issued for 6-month-old boy, 16-year-old mother reported missing in Oklahoma
LAWTON, Okla. (KSWO) - An Amber Alert was issued by the Oklahoma Highway Patrol for a 6-month-old boy and his 16-year-old mother after they were reported missing by the 16-year-old’s foster mother.
The Oklahoma Highway Patrol and Lawton Police Department are currently searching for Carson Sellman and his mother, Chasity Sellman, according to KSWO.
Both are in the custody of the Oklahoma Department of Human Services and were reported missing by Chasity’s foster mother Thursday morning.
At this time, officials believe they may be with Chasity’s father, 49-year-old Don Sellman. According to the report, Don Sellman has a history of drug usage and may be armed.
Chasity is described as having brown hair and brown eyes, is about 5 feet and 6 inches tall and weighs about 240 pounds.
Very little information about Carson’s description is currently available.
Don Sellman is reported to have blue eyes, be about 6 feet and 1 inch tall and weigh about 187 pounds.
Officials believe they are traveling in a white Cadillac, the year and model unknown.
They were last seen on Interstate 44, south of Newcastle, Oklahoma, and may be heading to Don Sellman’s home in Talequah, Oklahoma.
Anyone with information about their whereabouts is urged to call 911 or the Lawson Police Department at 580-581-3272.
Copyright 2022 KSWO via Gray Media Group, Inc. All rights reserved. | https://www.wsaz.com/2022/08/04/amber-alert-issued-6-month-old-boy-16-year-old-mother-reported-missing-oklahoma/ | 2022-08-04T20:46:12Z | https://www.wsaz.com/2022/08/04/amber-alert-issued-6-month-old-boy-16-year-old-mother-reported-missing-oklahoma/ | true |
Jurors in Parkland gunman's trial visit mass shooting site as state rests its case
Video above: Victims' families give emotional testimony in sentencing trial of Parkland school shooter
Jurors in the sentencing phase of the Parkland, Florida, school shooter's trial on Thursday visited the scene of the massacre at Marjory Stoneman Douglas High School's 1200 building, which has been sealed since the attack on Feb. 14, 2018.
They saw bloodstains where the victims were shot and killed, according to a group of reporters allowed to enter after jurors completed their walk-through. Valentine's Day gifts and cards littered the scene, and bullet holes were in the walls. Fragments of broken safety glass lay everywhere, the reporters wrote, crunching beneath their feet.
The visit, Judge Elizabeth Scherer explained to jurors Wednesday, was meant to help them analyze the evidence presented so far in the trial of Nikolas Cruz, who faces either the death penalty or life in prison after pleading guilty to 17 counts of murder and 17 counts of attempted murder.
The state rested its case Thursday afternoon, after jurors returned from the visit and prosecutors called several more witnesses to offer victim impact statements.
Pool footage taken from outside the building Thursday showed it remained fenced off, hidden in part behind banners that carried the high school's name and the emblem of its eagle mascot. The judge, prosecutors and defense attorneys were also seen entering the building.
Video above: Emotional testimony, graphic evidence to continue in Parkland high school sentencing trial
Jurors were instructed Wednesday to "avoid touching, manipulating or moving anything." The judge also told them to explore the scene on their own and at their own pace, moving as a group from floor to floor. Cruz did not attend the visit, telling the judge Thursday morning in response to her questioning that it was his decision not to go.
"Nothing will be explained or pointed out to you," the judge's instructions said. Jurors were also told to avoid speaking to anyone until the viewing was complete.
On the first floor, there was dried blood outside room 1215, where three students were killed. In room 1214, a Holocaust studies class, were two yellowed copies of the Sun-Sentinel newspaper. Bullet marks marred the desks, and laptops sat open.
In room 1216, a blue folder with Alaina Petty's name sat on a desk, the reporters wrote. Bullet holes were seen in the wall, and the reporters noted a handwritten paper about Malala Yousafzai, the Pakistani girl who was shot by the Taliban and is an outspoken advocate for educational access for girls and women.
"We go to school every day of the week and we take it all for granted," one student wrote. "We cry and complain without knowing how lucky we are to be able to learn."
Patricia Oliver, mother of victim Joaquin Oliver, told CNN that she hoped "emotions" would be the jurors' main takeaway after visiting the building Thursday, which would have been her son's 22nd birthday. The building was closed to preserve it for the trial. Officials have said it will be torn down.
Video above: Surveillance footage shows Nikolas Cruz in the aftermath of the Parkland high school shooting
"We were, of course, knowing that this moment will arrive. It's a moment that is part of a process," said Manuel Oliver, Joaquin's father, now an activist and organizer who addresses gun violence. "The most important thing here is what happened to our son, the way he suffered that day and what are we capable of doing after that. That's what really matters here."
Jurors were not allowed to have a smartphone, smartwatch or any type of camera during the viewing. In court, attorneys encouraged the judge to ask jurors to wear closed-toe shoes because they could encounter glass on the floor.
'I can't truly be happy if I smile,' victim's father testifies
The current phase of the trial is to determine Cruz's sentence: Prosecutors are seeking the death penalty, while Cruz's defense attorneys are asking the jury for a sentence of life in prison without the possibility of parole. To recommend a death sentence, jurors must be unanimous. If they do so, the judge could choose to follow the recommendation or sentence Cruz to life instead.
Following the visit, more victim impact statements were presented in court, with more of the victims' families taking the stand to testify about the toll of the massacre and what their loved ones' deaths have meant for them.
Anne Ramsay, mother of 17-year-old victim Helena Ramsay, remembered her daughter as a beautiful and graceful young woman -- someone who was naturally athletic but who preferred exercising her mind to competitive sport. She loved watching "Jeopardy!"
Helena was killed on her father's birthday, Anne Ramsay said. "That day will never be a celebration, and can never be the same for him," she said, "and now is filled with pain, as is every day."
Video above: Opening statement reactions in Parkland trial
In a statement read by her niece, the mother of Peter Wang, a 15-year-old shot as he held open a door to help his classmates get to safety, recalled how he was killed just before Chinese New Year, robbing the family of their most treasured holiday.
"We no longer decorate our house or host feasts on the most important holiday in our family. It is now Peter's death anniversary," she said. "This day of unity became a day that hurts the most."
Much of the testimony in the Broward County court this week -- particularly from the parents of the 14 students killed -- has focused on all the things the victims and their families will never get to do and the irreparable damage to their everyday lives.
"Our family is broken. There is this constant emptiness," said Max Schachter, the father of 14-year-old Alex, who loved chocolate chip cookies, playing the trombone and video games.
Video above: Families present more emotional statements during Cruz sentencing trial
"I feel I can't truly be happy if I smile," Schachter said Wednesday. "I know that behind that smile is the sharp realization that part of me will always be sad and miserable because Alex isn't here."
The loss of her daughter Meadow Pollack, 18, has "destroyed" Shara Kaplan's life, she told the jury Tuesday, "and my capability of ever living a productive existence." To articulate how her daughter's death impacted her, she said, she would have to rip out her heart and show them how it had shattered into a million pieces.
And the Hoyer family will never be the same. "We were a family unit of five always trying to fit into a world set up for even numbers," said Tom Hoyer, whose 15-year-old son Luke -- the youngest of three -- was killed. "Two-, four-, six-seat tables in a restaurant. Two-, four-, six-ticket packages to events. Things like that."
But the Hoyers are no longer a family of five, and "never again will the world feel right, now that we're a family of four," Hoyer said.
"When Luke died something went missing in me," he said. "And I'll never, never get over that feeling."
To make their sentencing decision, jurors will hear prosecutors and defense attorneys argue aggravating factors and mitigating circumstances -- reasons Cruz should or should not be executed.
The victim impact statements add another layer, giving the families and friends of the victims their own day in court, though the judge told the jury the statements are not meant to be weighed as aggravating factors. | https://www.kcra.com/article/parkland-gunmans-trial-jurors-visit-mass-shooting-site-as-state-rests-case/40810791 | 2022-08-04T20:47:19Z | https://www.kcra.com/article/parkland-gunmans-trial-jurors-visit-mass-shooting-site-as-state-rests-case/40810791 | true |
Company reports 12th consecutive quarter of bookings growth in Q1 Fiscal Year 2023
TEMPE, Ariz., Aug. 4, 2022 /PRNewswire/ -- NortonLifeLock Inc. (NASDAQ: NLOK), a global leader in consumer Cyber Safety, received provisional approval from the U.K. Competition and Markets Authority ("CMA") for its acquisition of Avast plc. NortonLifeLock also released its results for the fiscal year 2023 first quarter, which ended July 1, 2022.
"We are excited to start the process of bringing our two companies together now that the CMA has approved our merger with Avast," said Vincent Pilette, CEO of NortonLifeLock. "With this key milestone behind us, we are looking forward to driving innovation and taking Cyber Safety to the next level."
The merger is anticipated to close between mid-September to early-October. The timing is subject to change and is dependent upon the final CMA approval, mutually agreed upon operational considerations and customary closing requirements such as the U.K. court approval of the scheme.
Q1 Financial Highlights and Commentary YoY
Q1 GAAP revenue was $707 million, up 3% in USD. Q1 GAAP diluted EPS from continuing operations was $0.33, up 6%. Q1 operating cash flow was $215 million, down 17%.
Q1 Non-GAAP YoY
- Revenue of $708 million, up 2% in USD and 6% in CC
- Diluted EPS of $0.45, up 7%
- Bookings of $663 million, up 1% in USD and 5% in CC
- Operating margin was 53.7%, up 250 bps
- Direct customer count of 23.3 million, up 0.2 million
"Q1 was another quarter of solid execution by our team, and in the face of macroeconomic headwinds, we delivered our 12th consecutive quarter of bookings growth," said Natalie Derse, CFO of NortonLifeLock. "Now with the Avast acquisition provisionally approved, we look forward to bringing our operational discipline to the integration planning and quickly setting the foundation of the company for growth."
Fiscal 2023 Q2 Guidance
- Non-GAAP Revenue expected to be in the range of $695 million to $705 million, translating to mid-single-digit growth YoY in constant currency, including 4+ points or approximately $30 million of FX headwind
- Non-GAAP EPS expected to be in the range of $0.44 to $0.46, including $0.03 FX headwind YoY
Quarterly Cash Dividend
NortonLifeLock's Board of Directors has declared a quarterly cash dividend of $0.125 per common share to be paid on September 14, 2022, to all shareholders of record as of the close of business on August 22, 2022.
Q1 Earnings Conference Call
August 4, 2022
2 p.m. PT / 5 p.m. ET
Webcast & Dial-In: Investor.NortonLifeLock.com (replay will be posted after the call).
For additional details regarding NortonLifeLock's results and outlook, please see the Financials section of the Investor Relations website at Investor.NortonLifeLock.com.
About NortonLifeLock Inc.
NortonLifeLock Inc. (NASDAQ: NLOK) is a global leader in consumer Cyber Safety, protecting and empowering people to live their digital lives safely. We are the consumer's trusted ally in an increasingly complex and connected world. Learn more about how we're transforming Cyber Safety at www.NortonLifeLock.com.
Forward-Looking Statements
This press release contains statements which may be considered forward-looking within the meaning of the U.S. federal securities laws. In some cases, you can identify these forward-looking statements by the use of terms such as "expect," "will," "continue," or similar expressions, and variations or negatives of these words, but the absence of these words does not mean that a statement is not forward-looking. All statements other than statements of historical fact are statements that could be deemed forward-looking statements, including, but not limited to: the statements under "Fiscal 2023 Q2 Guidance," including expectations relating to Q2 FY23 non-GAAP revenue and non-GAAP EPS; expectation as to satisfaction or waiver of any regulatory conditions and any risks associated therewith; and any statements of assumptions underlying any of the foregoing. These statements are subject to known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance or achievements to differ materially from results expressed or implied in this press release. Such risk factors include, but are not limited to, those related to: the current and future impact of the COVID-19 pandemic on the Company's business and industry; retention of executive leadership team members; difficulties in improving sales and product development during leadership transitions; difficulties in executing the operating model for the consumer cyber safety business; lower than anticipated returns from the Company's investments in direct customer acquisition; the impact of acquisitions and our ability to achieve expected synergies or attendant cost savings; difficulties and delays in reducing run rate expenses and monetizing underutilized assets; general business and economic conditions; matters arising out of our completed Audit Committee investigation and the ongoing U.S. Securities and Exchange Commission investigation; fluctuations and volatility in NortonLifeLock's stock price; the ability of NortonLifeLock to successfully execute strategic plans; the ability to maintain customer and partner relationships; the ability of NortonLifeLock to achieve its cost and operating efficiency goals; the anticipated growth of certain market segments; NortonLifeLock's sales and business strategy; fluctuations in tax rates and foreign currency exchange rates; the potential for corporate tax increases under the Biden Administration; the timing and market acceptance of new product releases and upgrades; and the successful development of new products and the degree to which these products gain market acceptance. Additional information concerning these and other risk factors is contained in the Risk Factors sections of NortonLifeLock's most recent reports on Form 10-K and Form 10-Q. NortonLifeLock assumes no obligation, and does not intend, to update these forward-looking statements as a result of future events or developments.
Use of Non-GAAP Financial Information
We use non-GAAP measures of operating margin, net income and earnings per share, which are adjusted from results based on GAAP and exclude certain expenses, gains and losses. We also provide the non-GAAP metrics of revenues, constant currency revenues, and free cash flow, which is defined as cash flows from operating activities, less purchases of property and equipment. These non-GAAP financial measures are provided to enhance the user's understanding of our past financial performance and our prospects for the future. Our management team uses these non-GAAP financial measures in assessing NortonLifeLock's performance, as well as in planning and forecasting future periods. These non-GAAP financial measures are not computed according to GAAP and the methods we use to compute them may differ from the methods used by other companies. Non-GAAP financial measures are supplemental, should not be considered a substitute for financial information presented in accordance with GAAP and should be read only in conjunction with our condensed consolidated financial statements prepared in accordance with GAAP. Readers are encouraged to review the reconciliation of our non-GAAP financial measures to the comparable GAAP results, which is attached to our quarterly earnings release, and which can be found, along with other financial information including the Earnings Presentation, on the investor relations page of our website at Investor.NortonLifeLock.com. No reconciliation of the forecasted range for non-GAAP EPS guidance is included in this release because most non-GAAP adjustments pertain to events that have not yet occurred. It would be unreasonably burdensome to forecast, therefore we are unable to provide an accurate estimate.
UK Takeover Code: Profit Forecast
UK Takeover Code
On August 10, 2021, the boards of NortonLifeLock Inc. ("NortonLifeLock") and Avast plc ("Avast") announced that they had reached agreement on the terms of a recommended merger of Avast with NortonLifeLock, in the form of a recommended offer by Nitro Bidco Limited, a wholly-owned subsidiary of NortonLifeLock, for the entire issued and to be issued share capital of Avast (the "Merger"). The Merger is governed by the UK's City Code on Takeovers and Mergers (the "UK Takeover Code"). In accordance with the rules of the UK Takeover Code, NortonLifeLock is required to publish certain confirmations in connection with the information set out in this press release. These confirmations are set out below.
NortonLifeLock Profit Forecast
The following statement regarding NortonLifeLock's earnings per share ("EPS") in this press release (the "NortonLifeLock Profit Forecast") constitutes an ordinary course profit forecast for the purposes of Rule 28 1(a) and Note 2(b) on Rule 28.1 of the UK Takeover Code:
- Non-GAAP EPS expected to be in the range of $0.44 to $0.46 including $0.03 FX headwind YoY.
References to "GAAP" in the NortonLifeLock Profit Forecast are to U.S. GAAP, being the accounting policies applied in the preparation of NortonLifeLock's annual results for the year ended April 1, 2022.
Basis of Preparation
The NortonLifeLock Profit Forecast has been prepared on a basis consistent with NortonLifeLock's accounting policies, as summarized in the paragraph entitled "Use of Non-GAAP Financial Information" above. The NortonLifeLock Profit Forecast excludes any transaction costs attributable to the Merger or any other associated accounting impacts as a direct result of the Merger.
Assumptions
The NortonLifeLock Profit Forecast is based on the assumptions listed below.
Factors outside the influence or control of the NortonLifeLock Directors:
- There will be no material changes to existing prevailing macroeconomic or political conditions in the markets and regions in which NortonLifeLock operates.
- There will be no material changes to the conditions of the markets and regions in which NortonLifeLock operates or in relation to customer demand or the behavior of competitors in those markets and regions.
- The interest, inflation and tax rates in the markets and regions in which NortonLifeLock operates will remain materially unchanged from the prevailing rates.
- There will be no material adverse events that will have a significant impact on NortonLifeLock's financial performance.
- There will be no material adverse events that will have a significant impact on the timing and market acceptance of new product releases and upgrades by NortonLifeLock.
- There will be no business disruptions that materially affect NortonLifeLock or its key customers, including natural disasters, acts of terrorism, cyber-attack and/or technological issues or supply chain disruptions.
- There will be no material changes to foreign exchange rates that will have a significant impact on NortonLifeLock's revenue or cost base.
- There will be no material changes in legislation or regulatory requirements impacting NortonLifeLock's operations or its accounting policies.
- There will be no new material litigation and no unfavorable resolutions of existing material litigation in relation to any of NortonLifeLock's operations.
- The announcement of the Merger will not have any material impact on NortonLifeLock's ability to negotiate new business.
Factors within the influence and control of the NortonLifeLock Directors:
- There will be no material change to the present executive management of NortonLifeLock.
- There will be no material change in the operational strategy of NortonLifeLock.
- There will be no material adverse change in NortonLifeLock's ability to maintain customer and partner relationships.
- There will be no material acquisitions or disposals.
- There will be no material strategic investments over and above those currently planned.
- There will be no material change in the dividend or capital policies of NortonLifeLock.
- There will be no unexpected technical or network issues with products or processes.
NortonLifeLock Directors' Confirmation
With the consent of Avast, the Panel on Takeovers and Mergers has granted a dispensation from the UK Takeover Code requirement for NortonLifeLock's reporting accountants and financial advisers to prepare reports in respect of the NortonLifeLock Profit Forecast.
The NortonLifeLock Directors have considered the NortonLifeLock Profit Forecast and confirm that it has been properly compiled on the basis of the assumptions set out in this press release and that the basis of the accounting used is consistent with NortonLifeLock's accounting policies.
No profit forecasts or estimates
The NortonLifeLock Profit Forecast is a profit forecast for the purposes of Rule 28 of the UK Takeover Code.
Other than in respect of the NortonLifeLock Profit Forecast, no statement in this press release is intended as, or is to be construed as, a profit forecast or estimate for any period and no statement in this press release should be interpreted to mean that earnings or earnings per ordinary share for the current or future financial years would necessarily match or exceed the historical published earnings or earnings per ordinary share.
For the purposes of Rule 28 of the UK Takeover Code, the NortonLifeLock Profit Forecast contained in this press release is the responsibility of NortonLifeLock and the NortonLifeLock Directors.
Publication on website
A copy of this press release will be made available on NortonLifeLock's website (at https://investor.nortonlifelock.com/) by no later than 12 noon London time on the business day following the date of this press release. Neither the contents of that website nor the content of any other website accessible from hyperlinks on such website is incorporated into, or forms part of, this press release.
NORTONLIFELOCK INC.
Appendix A
Explanation of Non-GAAP Measures and Other Items
Objective of non-GAAP measures: We believe our presentation of non-GAAP financial measures, when taken together with corresponding GAAP financial measures, provides meaningful supplemental information regarding the Company's operating performance for the reasons discussed below. Our management team uses these non-GAAP financial measures in assessing NortonLifeLock's performance, as well as in planning and forecasting future periods. Due to the importance of these measures in managing the business, we use non-GAAP measures in the evaluation of management's compensation. These non-GAAP financial measures are not computed according to GAAP and the methods we use to compute them may differ from the methods used by other companies. Non-GAAP financial measures are supplemental and should not be considered a substitute for financial information presented in accordance with GAAP and should be read only in conjunction with our condensed consolidated financial statements prepared in accordance with GAAP.
Contract liabilities adjustment: Our non-GAAP net revenues eliminate the impact of contract liabilities purchase accounting adjustments. Prior to our adoption of ASU 2021-08 in fiscal 2022, GAAP required an adjustment to the liability for acquired contract liabilities such that the liability approximates how much we, the acquirer, would have to pay a third party to assume the liability. We believe that eliminating the impact of this adjustment improves the comparability of revenues between periods. Also, although the adjustment amounts will never be recognized in our GAAP financial statements, we do not expect the acquisitions to affect the future renewal rates of revenues excluded by the adjustments. In addition, our management uses non-GAAP net revenues, adjusted for the impact of purchase accounting adjustments to assess our operating performance and overall revenue trends. Nevertheless, non-GAAP net revenues has limitations as an analytical tool and should not be considered in isolation or as a substitute for GAAP net revenues. We believe these adjustments are useful to investors as an additional means to reflect revenue trends of our business. However, other companies in our industry may not calculate these measures in the same manner which may limit their usefulness for comparative purposes. Our acquisition of Avira during the fourth quarter of fiscal 2021 was the last acquisition pre-adoption of the new literature.
Stock-based compensation: This consists of expenses for employee restricted stock units, performance-based awards, bonus share programs, stock options and our employee stock purchase plan, determined in accordance with GAAP. We evaluate our performance both with and without these measures because stock-based compensation is a non-cash expense and can vary significantly over time based on the timing, size, nature and design of the awards granted, and is influenced in part by certain factors that are generally beyond our control, such as the volatility of the market value of our common stock. In addition, for comparability purposes, we believe it is useful to provide a non-GAAP financial measure that excludes stock-based compensation to facilitate the comparison of our results to those of other companies in our industry.
Amortization of intangible assets: Amortization of intangible assets consists of amortization of acquisition-related intangibles assets such as developed technology, customer relationships and trade names acquired in connection with business combinations. We record charges relating to the amortization of these intangibles within both cost of revenues and operating expenses in our GAAP financial statements. Under purchase accounting, we are required to allocate a portion of the purchase price to intangible assets acquired and amortize this amount over the estimated useful lives of the acquired intangible assets. However, the purchase price allocated to these assets is not necessarily reflective of the cost we would incur to internally develop the intangible asset. Further, amortization charges for our acquired intangible assets are inconsistent in size and are significantly impacted by the timing and valuation of our acquisitions. We eliminate these charges from our non-GAAP operating results to facilitate an evaluation of our current operating performance and provide better comparability to our past operating performance.
Restructuring and other costs: Restructuring charges are costs associated with a formal restructuring plan and are primarily related to employee severance and benefit arrangements, contract termination costs, and assets write-offs, as well as other exit and disposal costs. Included in other exit and disposal costs are costs to exit and consolidate facilities in connection with restructuring events. We exclude restructuring and other costs from our non-GAAP results as we believe that these costs are incremental to core activities that arise in the ordinary course of our business and do not reflect our current operating performance, and that excluding these charges facilitates a more meaningful evaluation of our current operating performance and comparisons to our past operating performance.
Acquisition-related costs: These represent the transaction and business integration costs related to significant acquisitions that are charged to operating expense in our GAAP financial statements. These costs include incremental expenses incurred to affect these business combinations such as advisory, legal, accounting, valuation, and other professional or consulting fees. We exclude these costs from our non-GAAP results as they have no direct correlation to the operation of our business, and because we believe that the non-GAAP financial measures excluding these costs provide meaningful supplemental information regarding the spending trends of our business. In addition, these costs vary, depending on the size and complexity of the acquisitions, and are not indicative of costs of future acquisitions.
Litigation costs: We may periodically incur charges or benefits related to litigation settlements, legal contingency accruals and third-party legal costs related to certain legal matters. We exclude these charges and benefits when associated with a significant matter because we do not believe they are reflective of ongoing business and operating results.
Non-cash interest expense and amortization of debt issuance costs: In accordance with GAAP, we separately account for the value of the conversion feature on our convertible notes as a debt discount that reflects our assumed non-convertible debt borrowing rates. We amortize the discount and debt issuance costs over the term of the related debt. We exclude the difference between the imputed interest expense, which includes the amortization of the conversion feature and of the issuance costs, and the coupon interest payments because we believe that excluding these costs provides meaningful supplemental information regarding the cash cost of our convertible debt and enhance investors' ability to view the Company's results from management's perspective.
Gain (loss) on extinguishment of debt: We record gains or losses on extinguishment of debt. Gains or losses represent the difference between the fair value of the exchange consideration and the carrying value of the liability component of the debt at the date of extinguishment. We exclude the gain or loss on debt extinguishment in our non-GAAP results because they are not reflective of our ongoing business.
Gain (loss) on equity investments: We record gains or losses, unrealized and realized, on equity investments in privately-held companies. We exclude the net gains or losses because we do not believe they are reflective of our ongoing business.
Gain (loss) on sale of properties: We periodically recognize gains or losses from the disposition of land and buildings. We exclude such gains or losses because they are not reflective of our ongoing business and operating results.
Income tax effects and adjustments: We use a non-GAAP tax rate that excludes (1) the discrete impacts of changes in tax legislation, (2) most other significant discrete items, (3) unrealized gains or losses from remeasurement of a foreign currency denominated deferred tax asset with no cash tax impact and (4) the income tax effects of the non-GAAP adjustment to our operating results described above. We believe making these adjustments facilitates a better evaluation of our current operating performance and comparisons to past operating results. Our tax rate is subject to change for a variety of reasons, such as significant changes in the geographic earnings mix due to acquisition and divestiture activities or fundamental tax law changes in major jurisdictions where we operate.
Diluted GAAP and non-GAAP weighted-average shares outstanding: Diluted GAAP and non-GAAP weighted-average shares outstanding are generally the same, except in periods when there is a GAAP loss from continuing operations. In accordance with GAAP, we do not present dilution for GAAP in periods in which there is a loss from continuing operations. However, if there is non-GAAP net income, we present dilution for non-GAAP weighted-average shares outstanding in an amount equal to the dilution that would have been presented had there been GAAP income from continuing operations for the period.
Additionally, on April 2, 2022, we adopted ASU 2020-06, Debt with Conversion and Other Options. Under GAAP, we are required to apply the if-converted method to our calculation of diluted earnings per share. As such, our GAAP calculation adjusts for the dilutive effect of the maximum number of potential shares to be issued upon settlement of our outstanding convertible notes. For our Non-GAAP measure, we exclude the impact of this adoption, which is consistent with our intent to settle in cash and consistent with our prior maturing convertible note transactions. As of July 5, 2022, we communicated our intent to the convertible note holders to settle the principal and conversion rights in cash upon maturity in August 2022. We believe it is reasonable to exclude the potential shares as these adjustments provide useful supplemental information to investors and facilitates the analysis of our operating results and comparison of operating results across reporting periods. Additionally, it is consistent with our past practice of cash settling these instruments.
Bookings: Bookings are defined as customer orders received that are expected to generate net revenues in the future. We present the operational metric of bookings because it reflects customers' demand for our products and services and to assist readers in analyzing our performance in future periods.
Free cash flow: Free cash flow is defined as cash flows from operating activities less purchases of property and equipment. Free cash flow is not a measure of financial condition under GAAP and does not reflect our future contractual commitments and the total increase or decrease of our cash balance for a given period, and thus should not be considered as an alternative to cash flows from operating activities or as a measure of liquidity.
Non-GAAP constant currency adjusted revenues: Non-GAAP constant currency adjusted revenues are defined as revenues adjusted for the fair value of acquired contract liabilities and foreign exchange impact, calculated by translating current period revenue using the year ago currency conversion rate.
Revenues (Non-GAAP): Revenues (Non-GAAP) excludes the quarterly Avira deferred revenue haircut amortization recognized during the quarter. We are presenting revenues (Non-GAAP) to provide readers with a better understanding of the impact from the Avira deferred revenue haircut on our historical results and to assist readers in analyzing results in future periods.
Direct customer count: Direct customers are defined as active paid users of our consumer solutions who have a direct billing relationship with us at the end of the reported period. We exclude users on free trials and users who have indirectly purchased our product or services through partners unless such users convert or renew their subscription directly with us, or sign up for a paid membership through our web store. Average direct customer count presents the average of the total number of direct customers at the beginning and end of the fiscal quarter.
Direct average revenues per user (ARPU): ARPU is calculated as estimated direct customer revenues for the period divided by the average direct customer count for the same period, expressed as a monthly figure. We monitor ARPU because it helps us understand the rate at which we are monetizing our consumer customer base.
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SOURCE NortonLifeLock Inc. | https://www.wsaz.com/prnewswire/2022/08/04/nortonlifelock-avast-merger-provisionally-approved/ | 2022-08-04T20:53:05Z | https://www.wsaz.com/prnewswire/2022/08/04/nortonlifelock-avast-merger-provisionally-approved/ | false |
Updated August 4, 2022 at 3:41 PM ET
FORT LAUDERDALE, Fla. — Roses that had been brought to honor love on that Valentine's Day in 2018 lay withered, their dried and cracked petals scattered across classroom floors still smeared with the blood of victims gunned down by a former student more than four years earlier.
Bullet holes pocked walls and shards of glass from windows shattered by gunfire crunched eerily underfoot at Parkland's Marjory Stoneman Douglas High School, where shooter Nikolas Cruz murdered 14 students and three staff members. Nothing was unchanged, except for the removal of the victims' bodies and some personal items.
The 12 jurors and 10 alternates who will decide whether Cruz gets the death penalty or life in prison made a rare visit to the scene Thursday, tracing Cruz's steps through the three-story freshman building, known as "Building 12." After they left, a group of journalists was allowed in for a much quicker first public view.
The scene was deeply unsettling: Large pools of dried blood still stained classroom floors. A lock of dark hair rested on the floor where one of the victims' bodies once lay. A single black rubber shoe was in a hallway. Browned rose petals were strewn across a hallway where six died.
In classroom after classroom, open notebooks displayed uncompleted lesson plans: A blood-coated book called "Tell Them We Remember" sat atop a bullet-riddled desk in the classroom where teacher Ivy Schamis taught students about the Holocaust. Attached to a bulletin board in the room a sign read: "We will never forget."
In the classroom of English teacher Dara Hass, where the most students were shot, students had written papers about Malala Yousafzai, the Pakistani teenager who was shot by the Taliban for going to school and has since been a global advocate for educational access for women and girls.
One of the students wrote: "A bullet went straight to her head but not her brain." Another read, "We go to school every day of the week and we take it all for granted. We cry and complain without knowing how lucky we are to be able to learn."
The door of Room 1255, teacher Stacey Lippel's classroom was pushed open — like others to signify that Cruz shot into it. Hanging on a wall inside was a sign reading, "No Bully Zone." The creative writing assignment for the day was written on the whiteboard: "How to write the perfect love letter."
And still gracing the wall of a second-floor hallway was a quote from James Dean: "Dream as if you'll live forever, live as if you'll die today."
Prosecutors, who rested their case following the jury's tour, hope the visit will help prove that the former Stoneman Douglas student's actions were cold, calculated, heinous and cruel; created a great risk of death to many people and "interfered with a government function" — all aggravating factors under Florida's capital punishment law.
Under Florida court rules, neither the judge nor the attorneys were allowed to speak to the jurors — and the jurors weren't allowed to converse with each other — when they retraced the path Cruz followed on Feb. 14, 2018, as he methodically moved from floor to floor, firing down hallways and into classrooms as he went. Prior to the tour, the jurors had already seen surveillance video of the shooting and photographs of its aftermath.
The building has been sealed and is now surrounded by a 15-foot (4.6-meter) chain-link fence wrapped in a privacy mesh screen fastened with zip ties. It looms ominously over the school and its teachers, staff and 3,300 students, and can be seen easily by anyone nearby. The Broward County school district plans to demolish it whenever the prosecutors approve. For now, it is a court exhibit.
"When you are driving past, it's there. When you are going to class, it's there. It is just a colossal structure that you can't miss," said Kai Koerber, who was a Stoneman Douglas junior at the time of the shooting. He is now at the University of California, Berkeley, and the developer of a mental health phone app. "It is just a constant reminder ... that is tremendously trying and horrible."
Cruz, 23, pleaded guilty in October to 17 counts of first-degree murder; the trial is only to determine if he is sentenced to death or life without parole.
Miami defense attorney David S. Weinstein said prosecutors hope the visit will be "the final piece in erasing any doubt that any juror might have had that the death penalty is the only recommendation that can be made."
Such site visits are rare. Weinstein, a former prosecutor, said in more than 150 jury trials dating back to the late 1980s, he has only had one.
One reason for their rarity is that they are a logistical nightmare for the judge, who needs to get the jury to the location and back to the courthouse without incident or risk a mistrial. And in a typical case, a visit wouldn't even present truthful evidence: After law enforcement leaves, the building or public space returns to its normal use. The scene gets cleaned up, objects get moved and repairs are made. It's why judges order jurors in many trials not to visit the scene on their own.
Craig Trocino, a University of Miami law professor who has represented defendants appealing their death sentences, said the visit — combined with the myriad graphic videos and photos jurors have already seen — could open an avenue for Cruz's attorneys if they find themselves in the same situation.
"At some point evidence becomes inflammatory and prejudicial," he said. "The site visit may be a cumulative capstone."
Cruz's attorneys have argued that prosecutors have used evidence not just to prove their case, but to inflame the jurors' passions.
Copyright 2022 NPR. To see more, visit https://www.npr.org. | https://www.nepm.org/national-world-news/national-world-news/2022-08-04/the-parkland-jury-gets-a-rare-view-of-the-school-massacre-site | 2022-08-04T20:53:25Z | https://www.nepm.org/national-world-news/national-world-news/2022-08-04/the-parkland-jury-gets-a-rare-view-of-the-school-massacre-site | false |
Second gentleman visits Baltimore, joins AmeriCorps volunteers in transforming community
The second gentleman visited Baltimore Thursday morning to join with AmeriCorps volunteers in transforming the community.
Volunteers with the federal service agency AmeriCorps braved sweltering temperatures to plant trees and shrubs at Ramsay and Calhoun streets in southwest Baltimore.
Malik Tinklet, an AmeriCorps volunteer since 2017, dug holes for a redbud tree because he wants to be there and wants to help transform the lot into community greenspace. He said volunteering has given him skills.
"(I've learned about) plants, learning how to dig holes, good soils, bad soils, turning spaces into community gardens and vegetable gardens for the future," Tinklet said.
It's knowledge that gave Tinklet a future, as he now works for a landscaping company.
"I was lost at first. I didn't know what I wanted to do. I kind of just wanted to play my instruments, my horn. But now I found a career and I love it," Tinklet said.
"(It's a) transformative experience for AmeriCorps members that are getting skills, getting certification, many of whom end up going into these types of jobs in the future. And that's deliberate in the work of AmeriCorps and civic works across the country," said Michael Smith, CEO of AmeriCorps.
The AmeriCorps mission was just one aspect of what's took place Thursday in Baltimore. The other part of the equation was a new way of looking at infrastructure in America.
"Infrastructure has got to be thought about differently. This is infrastructure. When you think about what we're doing here, (we're) making our country, our world more sustainable," Baltimore Mayor Brandon Scott said.
To emphasize that perspective, Baltimore received a special visitor from Washington, D.C., second gentleman Doug Emhoff, who looks at infrastructure not as just building roads and bridges but as rebuilding communities.
"We are reclaiming this vacant lot. You're going to have a bunch of trees, benches, water flowing through. This is part of an investment into all of our communities to make them healthier, safer," Emhoff said. "(You're) literally getting your hands in the ground and building your communities from the ground up and inspiring young folks to get involved."
For young people like Tinklet, working with AmeriCorps planted a seed that grew into a career and a commitment to his community.
Additionally, the mayor's office is preparing to launch what it calls the Clean Corps Initiative. Under the two-year program, the city will work with community organizations to hire Baltimore residents to remove debris and trash from public spaces, particularly in historically disinvested neighborhoods. Those hired will earn $15 an hour. Applications will open later this month. The mayor is investing $14.7 million in American Rescue Plan Act funding to pay for the initiative. | https://www.wbaltv.com/article/doug-emhoff-baltimore-infrastructure-americorps/40810812 | 2022-08-04T20:53:33Z | https://www.wbaltv.com/article/doug-emhoff-baltimore-infrastructure-americorps/40810812 | false |
- Highest quarter of YUPELRI® (revefenacin) net sales and profitability to date1: $17.2M Q2 2022 sales up 17% from Q2 2021 (implied 35% share)
- Ampreloxetine discussions with FDA create a path to NDA filing with one additional Phase 3 clinical study in Multiple System Atrophy (MSA) patients with symptomatic neurogenic orthostatic hypotension (nOH)
- Closed transaction to sell TRELEGY ELLIPTA royalty interests to Royalty Pharma for approximately $1.1 billion in upfront cash with over $1.5 billion in total potential value
- Launched tender offer for outstanding 3.25% Convertible Senior Notes
DUBLIN, Aug. 4, 2022 /PRNewswire/ -- Theravance Biopharma, Inc. ("Theravance Biopharma" or the "Company") (NASDAQ: TBPH) today reported financial results for the second quarter of 2022.
"The Company has continued to execute on its strategy and, since the first quarter, we have accomplished several transformative goals. YUPELRI delivered its strongest quarter of sales to date. Our ampreloxetine discussions with FDA create a path to an NDA filing in MSA patients with symptomatic nOH. The closing of the sale of our TRELEGY ELLIPTA royalty interests to Royalty Pharma for over $1.5 billion in potential total value enables an elimination of our debt and sets up a planned return of capital to shareholders," said Rick E Winningham, Chief Executive Officer. "With an attractive pro forma financial profile and near-term value drivers, we believe we are well positioned to deliver medicines that make a difference and ongoing shareholder value."
Quarterly Highlights
- YUPELRI® (revefenacin) inhalation solution, the first and only once-daily, nebulized bronchodilator approved in the US for the maintenance treatment of patients with chronic obstructive pulmonary disease (COPD), with net sales increasing by 17% year-over-year (Q2 2022 vs Q2 2021) – its strongest quarter to date, and increased its share of the long-acting nebulized COPD market, increasing to 25.3% through April 2022, up from 24.1% in Q1 2022.
- Ampreloxetine, an investigational, Theravance Biopharma-discovered, potent, long-acting, once-daily norepinephrine reuptake inhibitor in development for the treatment of symptomatic nOH in patients with MSA. Phase 3 results (Study 0170) showed a benefit to MSA patients in the study that was observed in multiple endpoints including Orthostatic Hypotension Symptom Assessment (OHSA) composite, Orthostatic Hypotension Daily Activities Scale (OHDAS) composite, Orthostatic Hypotension Questionnaire (OHQ) composite and OHSA #1. (Read more about the data here). The Company held a Type C meeting with the FDA in June 2022 and agreed on a path to NDA filing with one new Phase 3 clinical study in MSA patients with symptomatic nOH. The Company plans to start the new Phase 3 study in early 2023, with a primary endpoint of Change in OHSA Composite Score. The Company reiterates it expects the $25 million investment from Royalty Pharma to fund the majority of the Phase 3 costs as a result of study size as well as insights and learnings from earlier studies.
- TRELEGY ELLIPTA (once-daily, single inhaler triple therapy for COPD and asthma)
Sale of TRELEGY ELLIPTA Royalty Interest
On July 20, 2022, Theravance Biopharma closed the sale of its units in Theravance Respiratory Company, LLC representing its 85% economic interest in the sales-based royalty rights on worldwide net sales of GSK's TRELEGY ELLIPTA ("TRELEGY") to Royalty Pharma (NASDAQ: RPRX) for over $1.5 billion in potential total value (the "TRELEGY Royalty Transaction"). The Trelegy Royalty Transaction is intended to provide near-, mid- and long-term value to the Company with an upfront cash payment of approximately $1.1 billion, up to $250 million in additional milestone payments contingent on the achievement of certain TRELEGY net sales thresholds between 2023 and 2026 and outer year royalties to the Company providing an opportunity to receive an estimated NPV of $200 million. (View the closing 8-K here. For deal specifics, view the press release here and accompanying presentation and appendix here).
Global Net Sales and Milestones
GSK posted second quarter 2022 global net sales of $591 million (up from $405 million, or 46%, from second quarter of 2021). Theravance Biopharma is entitled to a milestone payment from RPI of $50 million if TRELEGY global net sales are equal to or exceed $2.863 billion2 in 2023. - Tender Offer Convertible Senior Notes On July 26, 2022, Theravance Biopharma announced a Tender Offer for its outstanding 3.25% Convertible Senior Notes due 2023. As of July 20, 2022, there were $230 million aggregate principal amount of the Convertible Notes outstanding.
Second Quarter Financial Results
- Revenue: Total revenue for the second quarter of 2022 was $11.1 million, primarily comprised of $10.9 million in Viatris collaboration revenue. Total revenue for the second quarter represents a $1.9 million decrease over the same period in 2021 primarily driven by the completion of the recognition of non-cash Janssen collaboration revenue in 2021, resulting from the planned close-out of the izencitinib program.
- YUPELRI: The Viatris collaboration revenue of $10.9 million for the second quarter of 2022 represents amounts receivable from Viatris and is comprised of the Company's 35% share of net sales of YUPELRI as well as its proportionate amount of the total shared costs incurred by the two companies. The non-shared YUPELRI costs incurred by Theravance Biopharma are recorded within operating expenses. While Viatris records the total net sales of YUPELRI within its financial statements, Theravance Biopharma's implied 35% share of net sales of YUPELRI for the second quarter of 2022 was $17.2 million, up 12% from the first quarter of 2022. There was a 17% increase in year-over-year implied net sales for the second quarter, however, due to accounting guidelines, Viatris collaboration revenue decreased by 1% due to lower costs incurred by Theravance Biopharma as a result of the corporate restructuring, which improves YUPELRI profitability but lowers Viatris collaboration revenue. Additionally, during the period there were higher costs incurred by Viatris, which also reduced our Viatris collaboration revenue.
- Research and Development (R&D) Expenses: R&D expenses for the second quarter of 2022 were $15.6 million, compared to $51.1 million in the same period in 2021. Second quarter R&D expenses included total non-cash share-based compensation of $3.6 million.
- Selling, General and Administrative (SG&A) Expenses: SG&A expenses for the second quarter of 2022 were $17.0 million, compared to $25.9 million in the same period in 2021. Second quarter SG&A expenses included total non-cash share-based compensation of $5.8 million.
- Transaction-Related Legal Expenses: Non-routine legal expenses were $3.8 million and $5.1 million for the three and six months ended June 30, 2022, respectively, and were related to the sale of our units in TRC and ampreloxetine investment in July 2022.
- Restructuring and Related Expenses: Restructuring expenses for the second quarter of 2022 were $1.6 million.
- Cash Position: Cash, cash equivalents and marketable securities totaled $132.9 million as of June 30, 2022.
2022 Financial Guidance
- Operating Expenses: The Company expects full year 2022 R&D expense of $45 million to $55 million and SG&A expense of $35 million to $45 million (in each case, excluding share-based compensation, one-time restructuring costs and one-time transaction related legal expenses).
- The Company expects to approach breakeven cash flow from operations in 2H 2022 and become sustainably cash flow positive going forward on an annual basis.
Conference Call and Live Webcast Today at 5:00 pm ET
Theravance Biopharma will hold a conference call and live webcast accompanied by slides today at 5:00 pm ET / 2:00 pm PT / 10:00 pm IST. To participate in the live call by telephone, please dial (800) 225-9448 from the US, or (203) 518-9708 for international callers, using the confirmation code TBPHQ222. Those interested in listening to the conference call live via the internet may do so by visiting Theravance Biopharma's website at www.theravance.com, under the Investors section, Presentations and Events.
A replay of the conference call will be available on Theravance Biopharma's website for 30 days through September 3, 2022. An audio replay will also be available through 11:59 pm ET on August 11, 2022, by dialing (888) 219-1261 from the US, or (402) 220-4941 for international callers.
About Theravance Biopharma
Theravance Biopharma, Inc.'s overarching purpose and goal as a biopharmaceutical company is focused on delivering Medicines that Make a Difference® in people's lives. In pursuit of its purpose, Theravance Biopharma leverages decades of expertise, which has led to the development of FDA-approved YUPELRI® (revefenacin) inhalation solution indicated for the maintenance treatment of patients with chronic obstructive pulmonary disease (COPD). Its pipeline of internally discovered programs is targeted to address significant unmet patient needs.
For more information, please visit www.theravance.com.
THERAVANCE BIOPHARMA®, THERAVANCE®, and the Cross/Star logo are registered trademarks of the Theravance Biopharma group of companies (in the U.S. and certain other countries). YUPELRI® is a registered trademark of Mylan Specialty L.P., a Viatris Company. TRELEGY and ELLIPTA are trademarks of the GSK group of companies. Trademarks, trade names or service marks of other companies appearing on this press release are the property of their respective owners.
Forward-Looking Statements
This press release contains and the conference call will contain certain "forward-looking" statements as that term is defined in the Private Securities Litigation Reform Act of 1995 regarding, among other things, statements relating to goals, plans, objectives, expectations and future events. Theravance Biopharma intends such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995. Examples of such statements include statements relating to: contingent payments due to the Company from the sale of the Company's TRELEGY ELLIPTA royalty interests to Royalty Pharma, the Company's goals, designs, strategies, plans and objectives, including the paydown of the Company's debt, the impact of the Company's restructuring plan, ability to provide value to shareholders, the timing of clinical studies, the potential that the Company's research programs will progress product candidates into the clinic, the Company's expectations regarding its allocation of resources, potential regulatory actions, product sales or profit share revenue and the Company's expectations for its future financial performance and expectations as to future cash flows. These statements are based on the current estimates and assumptions of the management of Theravance Biopharma as of the date of this press release and the conference call and are subject to risks, uncertainties, changes in circumstances, assumptions and other factors that may cause the actual results of Theravance Biopharma to be materially different from those reflected in the forward-looking statements. Important factors that could cause actual results to differ materially from those indicated by such forward-looking statements include, among others, risks related to: whether the milestone thresholds can be achieved, delays or difficulties in commencing, enrolling or completing clinical studies, the potential that results from clinical or non-clinical studies indicate the Company's product candidates are unsafe, ineffective or not differentiated, risks of decisions from regulatory authorities that are unfavorable to the Company, dependence on third parties to conduct clinical studies, delays or failure to achieve and maintain regulatory approvals for product candidates, risks of collaborating with or relying on third parties to discover, develop, manufacture and commercialize products, and risks associated with establishing and maintaining sales, marketing and distribution capabilities with appropriate technical expertise and supporting infrastructure, ability to retain key personnel, the impact of the Company's restructuring actions on its employees, partners and others. In addition, while we expect the effects of COVID-19 to continue to adversely impact our business operations and financial results, the extent of the impact on our ability to generate revenue from YUPELRI® (revefenacin), and the value of and market for our ordinary shares, will depend on future developments that are highly uncertain and cannot be predicted with confidence at this time. Other risks affecting Theravance Biopharma are in the Company's, Form 10-Q filed with the SEC on May 6, 2022, and other periodic reports filed with the SEC. In addition to the risks described above and in Theravance Biopharma's filings with the SEC, other unknown or unpredictable factors also could affect Theravance Biopharma's results. No forward-looking statements can be guaranteed, and actual results may differ materially from such statements. Given these uncertainties, you should not place undue reliance on these forward-looking statements. Theravance Biopharma assumes no obligation to update its forward-looking statements on account of new information, future events or otherwise, except as required by law.
Additional Information and Where to Find It
This announcement is for informational purposes only and is neither an offer to buy nor the solicitation of an offer to sell any of the Company's outstanding 3.25% Convertible Senior Notes due 2023. The Tender Offer is being made solely pursuant to the Offer to Purchase and related materials, as they may be amended or supplemented. Holders should read the Company's Tender Offer Statement on Schedule TO filed with the SEC on July 26, 2022 in connection with the Tender Offer, which included as exhibits the Offer to Purchase and related materials, as well as any amendments or supplements to the Schedule TO when they become available, because they will contain important information. Each of these documents has been filed or will be filed, as the case may be, with the SEC, and, when available, holders may obtain them for free from the SEC at its website (www.sec.gov) or from the Company's dealer manager in connection with the Tender Offer.
Contact: Gail B. Cohen
Corporate Communications / 917-214-6603
1 While Viatris, Inc. ("Viatris") records the total YUPELRI net sales, the Company is entitled to a 35% share of the profits and losses pursuant to a co-promotion agreement with Viatris.
2 The first milestone payment, of $50.0 million, will be triggered if Royalty Pharma receives $240.0 million or more in royalty payments from GSK with respect to 2023 TRELEGY global net sales, which we would expect to occur in the event TRELEGY global net sales reach approximately $2.863 billion. Royalties payable from GSK to Royalty Pharma are upward-tiering from 6.5% to 10%.
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SOURCE Theravance Biopharma, Inc. | https://www.wsaz.com/prnewswire/2022/08/04/theravance-biopharma-inc-reports-second-quarter-2022-financial-results-provides-business-update/ | 2022-08-04T20:55:34Z | https://www.wsaz.com/prnewswire/2022/08/04/theravance-biopharma-inc-reports-second-quarter-2022-financial-results-provides-business-update/ | false |
Murali Sreeshankar wins silver in long jump at Commonwealth Games 2022
Birmingham August 05, 2022 02:05 ISTMurali Sreeshankar's silver was the best among Indian male long jumpers in the Commonwealth Games
Murali Sreeshankar clinched a silver in men's long jump to give India its second medal in athletics at the Commonwealth Games on Thursday.
The 23-year-old Indian soared to 8.08m in his fifth attempt to finish second behind Laquan Nairn of Bahamas in a nerve-wrecking men's long jump final.
Nairn also had a best jump of 8.08m but his second best of 7.98m was better than 7.84m of Sreeshankar.
Under rules, if two jumpers are tied on same distance, the one who has a better second best effort will be ranked ahead.
Jovan van Vuuren (8.06m) of South Africa took the bronze.
The other Indian in the fray, Muhammed Anees Yahiya ended at fifth with a best jump of 7.97m.
Sreeshankar's silver was the best among Indian male long jumpers in the CWG. Suresh Babu had won a bronze in the 1978 edition.
Among women, Prajusha Maliakkal won a silver in the 2010 edition in Delhi, while legendary Anju Bobby George bagged a bronze in 2002.
On Wednesday, Tejaswin Shankar had won a bronze in men's high jump to open India's medal account in athletics in this CWG. | https://www.thehindu.com/sport/murali-sreeshankar-wins-silver-in-long-jump-at-commonwealth-games-2022/article65728800.ece/amp/ | 2022-08-04T20:56:08Z | https://www.thehindu.com/sport/murali-sreeshankar-wins-silver-in-long-jump-at-commonwealth-games-2022/article65728800.ece/amp/ | false |
SANTA BARBARA, Calif., Aug. 4, 2022 /PRNewswire/ -- Bloomios, Inc. (OTCQB: BLMS), a leading hemp and nutraceutical manufacturer specializing in full service product development, R&D and compliance solutions, has been engaged by several CBD, nootropic and nutraceuticals brands to develop and produce a new range of private-label consumer health and wellness products.
The products will be formulated with natural supplements including ashwagandha, melatonin, kratom, lion's mane, valerian root, reishi mushroom designed to help promote focus, sleep and relaxation, as well as address pain and inflammation. Several of the products are already in the late stages of development and production testing.
The new offerings represent a significant expansion from the Company's existing lines of hemp-derived and nutraceutical products which already provide its private- and white-label customers more than 80 customizable solutions across seven format categories, including the increasingly popular gummy format.
As a long-established contract manufacturer for many well-known cannabinoid brands, Bloomios has been actively supporting these brands' extension into new nutraceutical product lines. This has included the development of proprietary formulations that combine cannabinoids with other compounds or herbal remedies.
"Today's consumers have become increasingly aware of the health benefits that can be derived from a variety of natural supplements and particularly through the combination of complementary ingredients that can create an enhanced entourage effect," noted Bloomios CEO, Michael Hill. "To address the growing demand for such products that require specialized knowledge and production capabilities, major brands have come to us as a single source solution for a new range of natural offerings."
Bloomios' in-house R&D team closely collaborates with its brand partners to rapidly develop new product formulations that align with current consumer preferences including the most popular delivery formats. Together they recently created several novel gummy formulations, including melatonin, valerian root complex and cannabinoids for sleep; L-theanine and CBD for calm; and ginkgo biloba, caffeine and rhodiola rosea for mental focus.
Other health and wellness supplements Bloomios now offers on a white label or customized-formula basis include ashwagandha and mushroom nootropics utilizing lions mane and reishi varietals.
"One of the hottest trends in the supplement space today is kratom, which is derived from a tree native to Southeast Asia," said Hill. "It contains several chemicals that interact with opioid receptors and is being used to address pain or moderate opioid withdrawal symptoms."
Kratom is currently being evaluated by the NIH's National Institute on Drug Abuse (NIDA), the leading federal agency for scientific research on drug use. NIDA has recognized that people are using kratom to manage drug withdrawal symptoms and cravings related to opioid use, as well as to address pain, fatigue and mental health issues.
Bloomios remains consistent with its commitment to quality, purity and manufacturing best practices, including sourcing only well-established and verified full chain-of-custody kratom extract suppliers and utilizing stringent certificate of analysis protocols.
All of Bloomios' cannabinoid, nutraceutical and nootropic products are manufactured by its state- and federal-compliant cGMP facilities. Its state-of-the-art research and manufacturing facilities ensure robust chain-of-custody validation and batch record retention, with an in-house lab providing real-time quality assurance for all ingredients and finished products.
About Bloomios
Bloomios, Inc. manufactures, markets and distributes U.S. hemp-derived supplements and nutraceutical products through wholesale distribution channels and its wholly owned subsidiary, Bloomios Private Label. The company provides custom formulation, brand development, manufacturing and order fulfillment to a wide variety of wholesale CBD customers, including small and major brands, chain stores, vape shops and distributors. It offers private- and white-label customers a wide selection of more than 80 customizable hemp products across seven categories. Bloomios is headquartered in Santa Barbara, California, with manufacturing and distribution in Daytona Beach, Florida. To learn more, visit bloomios.com.
Safe Harbor Statement
Matters discussed in this press release contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. When used in this press release, the words "anticipate," "believe," "estimate," "may," "intend," "expect" and similar expressions identify such forward-looking statements. Actual results, performance or achievements could differ materially from those contemplated, expressed or implied by the forward-looking statements contained herein. These forward-looking statements are based largely on the expectations of the Company and are subject to a number of risks and uncertainties. These include, but are not limited to, risks and uncertainties associated with: the sales of the company's identity protection software products into various channels and market sectors, the issuance of the Company's pending patent applications, COVID-19, and the impact of economic, competitive and other factors affecting the Company and its operations, markets, product, and distributor performance, the impact on the national and local economies resulting from terrorist actions, and U.S. actions subsequently; and other factors detailed in reports filed by the company.
Food and Drug Administration Disclosure
Products and formulations featured in this release are not for use by or sale to persons under the age of 12. This product should be used only as directed on the label. Consult with a physician before use if you have a serious medical condition or use prescription medications. A doctor's advice should be sought before using these or any supplemental dietary product. These statements have not been evaluated by the FDA. Such products and formulations are not intended to diagnose, treat, cure or prevent any disease.
Investor Relations Contact:
Ronald Both or Justin Lumley
CMA Investor Relations
Tel (949) 432-7566
Email contact
Media Contact:
Tim Randall
CMA Media Relations
Tel (949) 432-7572
Email Contact
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SOURCE Bloomios, Inc. | https://www.valleynewslive.com/prnewswire/2022/08/04/bloomios-develop-produce-new-range-private-label-products-utilizing-ashwagandha-melatonin-kratom-lions-mane-valerian-root-reishi-mushroom-other-natural-ingredients/ | 2022-08-04T20:56:39Z | https://www.valleynewslive.com/prnewswire/2022/08/04/bloomios-develop-produce-new-range-private-label-products-utilizing-ashwagandha-melatonin-kratom-lions-mane-valerian-root-reishi-mushroom-other-natural-ingredients/ | true |
This week, teachers at Southside Elementary and Southside Junior High are bustling around their new classrooms, preparing to start the new year — and the excitement is about more than the first day of school.
They are the last Livingston Parish schools that flooded in 2016 to reopen.
"It seems like now we’re kind of out of the tunnel," said Wes Partin, the principal of Southside Jr. High.
Once housed in seperate buildings, the two schools will now share the same campus. Construction will be completed just in time for the 2022-2023 school year, closing a painful chapter for Livingston Parish Schools.
The two former campuses in the Denham Springs area languished in water and mud after the storm. Nearly every floor, wall, door, and window was damaged beyond repair, officials said.
The water reached as high as six feet above ground level in some places.
FEMA declared both campuses too damaged to be restored, unlike others across the parish that had fared better in the storm.
The new, combined campus is located at the site of the former Southside Junior High on Pete's Highway. Officials said the elementary will accomodate 800 students on the right-facing side of the complex, while the junior high is designed to serve 1,000 students on the opposite end. The schools will function independently, despite sharing the campus.
“This facility truly is a showcase structure,” Superintendent Joe Murphy said. “The design and layout are the result of much research and collaborative input to ensure that every aspect of the campus enhances learning.”
The new campus boasts the latest classroom amenities, including smart board technology for interactive discussions, laptop and desk computers and LED lighting throughout the buildings.
Laura Williams, the elementary school's principal, said she is excited to welcome the students to a new space brimming with potential for unique learning experiences.
"I’m most excited about the open concept with the hallways and classrooms so students will have multiple areas where they can learn," she said. "The teachers can use these areas to facilitate different classroom instruction procedures. It just gives them the opportunity to do so many more things."
Southside also features a band room, gymnasium, multi-purpose room and cafeteria that can be sectioned off. A two-story, glass-walled library, perhaps the campus' crowning feature, sits in the center of the main building, overlooking a large outdoor courtyard.
Notably, the buildings have been built more than 9 feet higher than the previous complex.
“This is the culmination of the combined efforts of so many,” Murphy said.
Temporary campuses off Juban Road that housed the Southside student body while the school was rebuilt will be deconstructed, Murphy added. The locations will be cleared to create more green space at the Juban Parc Elementary and Junior High Schools.
A community open house is planned in the coming weeks to allow the community to view the new campus.
"There’s a lot of emotions probably when our students step on campus that first day that will come. It’s just been a long time," Partin said. "I’m thankful for our parents and our community for just their patience in this process. It’s going to be worth the wait. When everybody sees it, it’s going to be worth the wait." | https://www.theadvocate.com/baton_rouge/news/communities/livingston_tangipahoa/article_11bd29d6-12a8-11ed-a7d6-4b236cb0ecc4.html | 2022-08-04T20:56:41Z | https://www.theadvocate.com/baton_rouge/news/communities/livingston_tangipahoa/article_11bd29d6-12a8-11ed-a7d6-4b236cb0ecc4.html | false |
NEW YORK, Aug. 4, 2022 /PRNewswire/ -- Consolidated Edison, Inc. (Con Edison) (NYSE: ED) today reported 2022 second quarter net income for common stock of $255 million or $0.72 a share compared with $165 million or $0.48 a share in the 2021 second quarter. Adjusted earnings were $228 million or $0.64 a share in the 2022 period compared with $182 million or $0.53 a share in the 2021 period. Adjusted earnings and adjusted earnings per share in the 2022 and 2021 periods exclude the effects of hypothetical liquidation at book value (HLBV) accounting for tax equity investments in certain renewable and sustainable electric projects of Con Edison Clean Energy Businesses, Inc. (the Clean Energy Businesses), the related tax impact of such HLBV accounting on the parent company and the net mark-to-market effects of the Clean Energy Businesses. Adjusted earnings and adjusted earnings per share in the 2022 period exclude the tax impact on the parent company of the mark-to-market effects of the Clean Energy Businesses. Adjusted earnings and adjusted earnings per share in the 2021 period exclude the impact of the impairment loss related to Con Edison's investment in Stagecoach Gas Services LLC (Stagecoach) and the loss from the sale of a renewable electric project.
For the first six months of 2022, net income for common stock was $857 million or $2.42 a share compared with $584 million or $1.70 a share in the first six months of 2021. Adjusted earnings were $750 million or $2.12 a share in the 2022 period compared with $673 million or $1.95 a share in the 2021 period. Adjusted earnings and adjusted earnings per share in the 2022 and 2021 periods exclude the effects of HLBV accounting for tax equity investments in certain renewable and sustainable electric projects of the Clean Energy Businesses, the related tax impact of such HLBV accounting on the parent company and the net mark-to-market effects of the Clean Energy Businesses. Adjusted earnings and adjusted earnings per share for the 2022 period exclude the tax impact on the parent company of the mark-to-market effects of the Clean Energy Businesses. Adjusted earnings and adjusted earnings per share in the 2021 period exclude the impact of the impairment losses related to Con Edison's investment in Stagecoach and the loss from the sale of a renewable electric project.
"We continue to support a reliable transition from fossil fuels to renewables to reduce carbon emissions and deliver a healthy future with opportunities for all," said Timothy P. Cawley, the chairman and chief executive officer of Con Edison. "In progressing through this transition, we continue to remain focused on providing strong, stable returns for investors. Through our partnership with New York City, we've installed publicly available electric vehicle chargers in the five boroughs and we're collaborating with stakeholders to make even more investments in energy efficiency, renewables, the electrification of buildings, transportation, and other clean energy initiatives."
For the year of 2022, Con Edison reaffirmed its previous forecast of adjusted earnings per share to be in the range of $4.40 to $4.60 per share. Adjusted earnings per share exclude the effects of HLBV accounting for tax equity investments in certain renewable and sustainable electric projects of the Clean Energy Businesses and the related tax impact of such HLBV accounting on the parent company (approximately $40 million or $0.11 a share after-tax) and the net mark-to-market effects of the Clean Energy Businesses and the related tax impact of such mark-to-market effects on the parent company, the amounts of which will not be determinable until year end. Con Edison is considering strategic alternatives with respect to its Clean Energy Businesses. Con Edison's forecast of adjusted earnings per share for the year of 2022 does not include the impact, if any, that may result from such evaluation.
See Attachment A to this press release for a reconciliation of Con Edison's reported earnings per share to adjusted earnings per share and reported net income for common stock to adjusted earnings for the three and six months ended June 30, 2022 and 2021. See Attachment B and C for the estimated effect of major factors resulting in variations in earnings per share and net income for common stock for the three and six months ended June 30, 2022 compared to the 2021 periods.
The company's 2022 Second Quarter Form 10-Q is being filed with the Securities and Exchange Commission. A second quarter 2022 earnings release presentation will be available at www.conedison.com. (Select "For Investors" and then select "Press Releases.")
This press release contains forward-looking statements that are intended to qualify for the safe-harbor provisions of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements are statements of future expectations and not facts. Words such as "forecasts," "expects," "estimates," "anticipates," "intends," "believes," "plans," "will," "target," "guidance," "potential," "consider" and similar expressions identify forward-looking statements. The forward-looking statements reflect information available and assumptions at the time the statements are made, and accordingly speak only as of that time.
Actual results or developments might differ materially from those included in the forward-looking statements because of various factors such as those identified in reports Con Edison has filed with the Securities and Exchange Commission, including, but not limited to, that Con Edison's subsidiaries are extensively regulated and are subject to substantial penalties; its utility subsidiaries' rate plans may not provide a reasonable return; it may be adversely affected by changes to the utility subsidiaries' rate plans; the failure of, or damage to, its subsidiaries' facilities could adversely affect it; a cyber-attack could adversely affect it; the failure of processes and systems and the performance of employees and contractors could adversely affect it; it is exposed to risks from the environmental consequences of its subsidiaries' operations, including increased costs related to climate change; its ability to pay dividends or interest depends on dividends from its subsidiaries; changes to tax laws could adversely affect it; it requires access to capital markets to satisfy funding requirements; a disruption in the wholesale energy markets or failure by an energy supplier or customer could adversely affect it; it has substantial unfunded pension and other postretirement benefit liabilities; it faces risks related to health epidemics and other outbreaks, including the COVID-19 pandemic; its strategies may not be effective to address changes in the external business environment; and it also faces other risks that are beyond its control, including inflation and supply chain disruptions. Con Edison assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.
This press release also contains financial measures, adjusted earnings and adjusted earnings per share, that are not determined in accordance with generally accepted accounting principles in the United States of America (GAAP). These non-GAAP financial measures should not be considered as an alternative to net income for common stock or net income per share, respectively, each of which is an indicator of financial performance determined in accordance with GAAP. Adjusted earnings and adjusted earnings per share exclude from net income for common stock and net income per share, respectively, certain items that Con Edison does not consider indicative of its ongoing financial performance such as the impairment loss related to Con Edison's investment in Stagecoach, the loss from the sale of a renewable electric project, the effects of the Clean Energy Businesses' HLBV accounting for tax equity investors in certain renewable and sustainable electric projects and mark-to-market accounting and the related tax impact of such HLBV accounting and mark-to-market accounting on the parent company. Management uses these non-GAAP financial measures to facilitate the analysis of Con Edison's financial performance as compared to its internal budgets and previous financial results and to communicate to investors and others Con Edison's expectations regarding its future earnings and dividends on its common stock. Management believes that these non-GAAP financial measures are also useful and meaningful to investors to facilitate their analysis of Con Edison's financial performance.
Consolidated Edison, Inc. is one of the nation's largest investor-owned energy-delivery companies, with approximately $14 billion in annual revenues and $65 billion in assets. The company provides a wide range of energy-related products and services to its customers through the following subsidiaries: Consolidated Edison Company of New York, Inc. (CECONY), a regulated utility providing electric service in New York City and New York's Westchester County, gas service in Manhattan, the Bronx, parts of Queens and parts of Westchester, and steam service in Manhattan; Orange and Rockland Utilities, Inc. (O&R), a regulated utility serving customers in a 1,300-square-mile-area in southeastern New York State and northern New Jersey; Con Edison Clean Energy Businesses, Inc., the second-largest owner of solar electric projects in North America, which, through its subsidiaries develops, owns and operates renewable and sustainable energy infrastructure projects and provides energy-related products and services to wholesale and retail customers; and Con Edison Transmission, Inc., which falls primarily under the oversight of the Federal Energy Regulatory Commission and through its subsidiaries invests in electric transmission projects supporting its parent company's effort to transition to clean, renewable energy. Con Edison Transmission manages, through joint ventures, both electric and gas assets while seeking to develop electric transmission projects that will bring clean, renewable electricity to customers, focusing on New York, New England, the Mid-Atlantic states and the Midwest.
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SOURCE Consolidated Edison, Inc. | https://www.valleynewslive.com/prnewswire/2022/08/04/con-edison-reports-2022-second-quarter-earnings/ | 2022-08-04T20:57:19Z | https://www.valleynewslive.com/prnewswire/2022/08/04/con-edison-reports-2022-second-quarter-earnings/ | true |
Every day, police officers respond to reports of all sorts of events and nonevents, most of which never make the news. Here is a sampling of lesser-known — but no less noteworthy — incidents from police log books (a.k.a. blotters) in our suburbs.
RACCOONS IN THE FIREPLACE
On July 12, Dedham police shared a cute video of a couple of baby raccoons that were rescued from a resident’s fireplace chimney. “Their eyes aren’t even open yet — they are likely just two weeks old!” the Facebook post said. “Fireplace chimneys have been popular spots for raccoons this season — as, for a momma raccoon, climbing onto a rooftop and then ascending down into a chimney, provides her with a safe shelter within which to give birth to her young.” Police wrote there are ways to coax raccoons out of your chimney: You can make loud noises, shine bright lights, or place rags soaked with vinegar up into the smoke chamber to drive them out. The mother raccoon will usually successfully escape and climb out onto the roof, but there are times when the babies fall down under the shelf and end up in the fireplace. In those instances, police advise calling a local animal control officer or a nuisance wildlife professional. “We strongly urge against any unnecessary exposures or physical contact with raccoons, as let’s not forget that raccoons can be carriers of rabies,” police wrote. “Once the raccoons have been safely extracted from the chimney, the next recommendation is to place a cap on the chimney to prevent further, similar incidents.” In an update, police wrote the babies were left in a safe place and presumably picked up by their mother overnight.
BEWARE OF AGGRESSIVE HAWK
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At 6:40 p.m. July 4, Medfield police received a call from a man on Dover Farm Road who reported that he was attacked by a hawk. The animal control officer was notified of the incident. According to the log entry, the man called back the next day to let police know that the hawk was still in the area “and seems to swoop down at anyone outside.” This information was also passed along to the animal control officer.
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NOT SO NEIGHBORLY GESTURE
At 5:32 p.m. July 19, Saugus police received a call from a resident of Baker Street who reported that his neighbors threw trash over his fence. An officer was dispatched but the call was canceled before he got there. The caller told police an officer was no longer needed because the neighbor ended up cleaning up all the trash.
TRESPASSER ... OR TRYING TO HELP?
At 10:21 a.m. June 3, Peabody police were called to a home on Walsh Avenue for a report of an unwanted guest. According to the log entry, the caller told police that there was a man “inside his dumpster and he is refusing to leave.” An officer arrived at the scene and determined that the call was unfounded, due to a miscommunication between two men. It turned out that the man in the dumpster had reason to be there: He was arranging and flattening items so that the dumpster could be picked up.
ALL IN THE EAR OF THE BEHEARER
At 11:09 a.m. July 31, Bridgewater police received a call from a resident of Boxwood Lane who was complaining about noise in the neighborhood. According to a tweet by police, the caller said he or she could “hear kids screaming and jumping in pools” and, as a result, was “unable to enjoy [the] back deck.” Police said an officer was dispatched to the scene and didn’t hear any excessive noise in the area.
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Emily Sweeney can be reached at emily.sweeney@globe.com. Follow her on Twitter @emilysweeney and on Instagram @emilysweeney22. | https://www.bostonglobe.com/2022/08/04/metro/baby-raccoons-can-turn-up-where-you-least-expect-them/ | 2022-08-04T20:57:55Z | https://www.bostonglobe.com/2022/08/04/metro/baby-raccoons-can-turn-up-where-you-least-expect-them/ | true |
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SAN DIEGO, Aug. 4, 2022 /PRNewswire/ -- Mirati Therapeutics, Inc. (NASDAQ: MRTX), a clinical-stage targeted oncology company, today announced that the company granted equity awards to 56 new employees with a grant date of August 1, 2022, as equity inducement awards outside of the company's 2022 Equity Incentive Plan (but under the terms of the company's Inducement Plan) and material to the employees' acceptance of employment with the company. The equity awards were approved in accordance with Nasdaq Listing Rule 5635(c)(4).
The employees received, in the aggregate, options to purchase 177,751 shares of Mirati's common stock, and in the aggregate 113,172 restricted stock units ("RSUs"). The options have an exercise price of $65.79 per share, which is equal to the closing price of Mirati's common stock on August 1, 2022, (the "Grant Date"). One-fourth of the shares underlying the employee options will vest on the one-year anniversary of the grant date and thereafter 1/48th of the shares underlying the employee options will vest monthly, such that the shares underlying the options granted to the employees will be fully vested on the fourth anniversary of the grant date, subject to the employees' continued employment with Mirati on such vesting dates. Each RSU will vest as to 25% of the shares underlying the RSU award on the first anniversary of the grant date and as to an additional 25% of the shares underlying the RSU award annually thereafter, subject to each such employee's continued employment on each vesting date.
About Mirati Therapeutics, Inc.
Mirati Therapeutics, Inc. is a clinical-stage biotechnology company whose mission is to discover, design and deliver breakthrough therapies to transform the lives of patients with cancer and their loved ones. The company is relentlessly focused on bringing forward therapies that address areas of high unmet need, including lung cancer, and advancing a pipeline of novel therapeutics targeting the genetic and immunological drivers of cancer. Unified for patients, Mirati's vision is to unlock the science behind the promise of a life beyond cancer. For more information about Mirati, visit us at Mirati.com or follow us on Twitter, LinkedIn and Facebook.
Forward Looking Statements
This press release contains forward-looking statements regarding the business of Mirati Therapeutics, Inc. ("Mirati"). Any statement describing Mirati's goals, expectations, financial or other projections, intentions or beliefs, development plans and the commercial potential of Mirati's drug development pipeline, including without limitation adagrasib (selective KRASG12C inhibitor), sitravatinib (TAM receptor inhibitor), MRTX1719 (MTA cooperative PRMT5 inhibitor), MRTX0902 (SOS1 inhibitor), and MRTX1133 (selective KRASG12D inhibitor), is a forward-looking statement and should be considered an at-risk statement. Such statements are subject to risks and uncertainties, particularly those challenges inherent in the process of discovering, developing and commercialization of new drug products that are safe and effective for use as human therapeutics, and in the endeavor of building a business around such drugs.
Mirati's forward-looking statements also involve assumptions that, if they never materialize or prove correct, could cause its results to differ materially from those expressed or implied by such forward-looking statements. Although Mirati's forward-looking statements reflect the good faith judgment of its management, these statements are based only on facts and factors currently known by Mirati. As a result, you are cautioned not to rely on these forward-looking statements. These and other risks concerning Mirati's programs are described in additional detail in Mirati's quarterly reports on Form 10-Q and annual reports on Form 10-K, which are on file with the U.S. Securities and Exchange Commission (the "SEC") available at the SEC's Internet site (www.sec.gov). Mirati assumes no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements, except as required by law.
Mirati Contacts
Investor Relations: ir@mirati.com
Media Relations: media@mirati.com
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FORT LAUDERDALE, Fla. (AP) — A Girl Scout and avid reader. A trombone player who loved movies and basketball. A straight-A student who loved Irish dance and was looking forward to a trip to Ireland.
Jurors in the trial of Florida school shooter Nikolas Cruz heard tearful statements Wednesday from three families whose children were among the 17 he murdered at Parkland’s Marjory Stoneman Douglas High School on Feb. 14, 2018. It was the third straight day of such testimony — but it didn’t make it any easier to hear as once again jurors, spectators and even Cruz’s lawyers wiped away tears.
Fourteen families have now given statements, with the final three set for Thursday after the jury tours the three-story classroom building where the massacre took place.
Cruz, 23, pleaded guilty in October to the murders; the trial, in its third week, is only to decide if he will be sentenced to death or life without parole.
Tony and Jennifer Montalto told the seven-man, five-woman jury and 10 alternates how their daughter Gina had saved a toddler from drowning when she was 10, and described the turtle figurine the child’s grateful mother gave her. It still decorates her now unused room.
Gina, who was 14 when she died, had an infectious personality, they said, and was an avid reader.
“She once told me she wanted to live in a library,” her mother said. The children’s wing at the Parkland library is now named for her.
Her father, wearing the same suit he wore to their last father-daughter dance, said her death has driven a wedge between him and his wife and left her younger brother angry.
“Gina was our best girl and Anthony our best boy,’’ he said. “My son struggles to make sense of Gina’s death at her school.”
They used to play together “filling our house with laughter,” he said. “Now there is deafening silence.”
Max Schachter spoke of his son, Alex, who was a dedicated trombone player in the school band. The 14-year-old also loved movies and played guard on a basketball team.
“Our family is broken. There is a constant emptiness,” his father said, adding that there is a part of him that will “always be sad and miserable.”
He said the family is haunted by the fact that they will never know whether Alex would have gone to his dream school, the University of Connecticut, or stayed closer to home.
“It’s an ache that is just constant,” he said. “I wish every single day that this was a nightmare that I could wake up from.”
He said that at 5 a.m. on the day of Alex’s funeral, he and Alex’s older brother, Ryan, were struggling to finish his eulogy when Ryan suggested looking in Alex’s bedroom trash can. There they found a poem titled “Life is like a Roller-coaster,” which Alex had written for his English class. Ryan read it for the jury.
Isabel Dalu, a friend who spoke on behalf of the family of shooting victim Cara Loughran, said Cara always reminded her of a “porcelain doll.” She made straight A’s, loved the beach and to surf. She also was looking forward to a vacation in Ireland the family had planned for the summer of 2018, Dalu said.
“Losing Cara has left a crushing absence in their lives,” Dalu said.
Dalu’s daughter was Cara’s “first friend and the big sister she didn’t have,” she said. The two loved Irish dancing, and Cara was looking forward to performing at the St. Patrick’s Day festival, she said.
Dalu said her own daughter still does Irish dance “to continue Cara’s legacy.”
___
This story has been edited to correct the name of a shooting victim’s mother to Jennifer Montalto, not Gina. | https://pix11.com/news/national-news/ap-national/parkland-jurors-hear-3rd-day-of-heartbreaking-testimony/ | 2022-08-04T21:02:16Z | https://pix11.com/news/national-news/ap-national/parkland-jurors-hear-3rd-day-of-heartbreaking-testimony/ | true |
HOUSTON, Aug. 4, 2022 /PRNewswire/ -- Talos Energy Inc. ("Talos" or the "Company") (NYSE: TALO) today announced its operational and financial results for the second quarter of 2022.
Key Highlights:
- Production of 65.4 thousand barrels of oil equivalent per day ("MBoe/d") (67% oil, 75% liquids).
- Revenue of $519.1 million, driven by realized prices (excluding hedges) of $108.03 per barrel for oil, $37.79 per barrel for natural gas liquids ("NGLs") and $8.00 per thousand cubic feet ("Mcf") for natural gas.
- Net Income of $195.1 million, or $2.33 Net Income per diluted share, and Adjusted Net Income(1) of $100.6 million, or $1.20 Adjusted Net Income per diluted share.
- Adjusted EBITDA(1) of $250.8 million, or $42.13 Adjusted EBITDA per Boe; Adjusted EBITDA excluding hedges of $411.0 million, or $69.04 per Boe.
- Capital Expenditures of $85.9 million, inclusive of plugging and abandonment.
- Free Cash Flow(1) (before changes in working capital) of $134.1 million.
- Achieved 1.0x leverage ratio as of June 30, 2022 through the repayment of $146.1 million in credit facility borrowings and 7.5% Notes and achieved record liquidity of $702.2 million; Net Debt has been reduced by $344.1 million since March 31, 2021.
- Expanded the Bayou Bend carbon capture and sequestration ("CCS") joint venture through Chevron U.S.A Inc.'s ("Chevron") acquisition of a 50% interest in exchange for $50 million of gross consideration.
President and Chief Executive Officer Timothy S. Duncan commented: "It was a strong quarter for Talos as we achieved rapid debt reduction led by record-breaking revenue and cost control efforts despite macro inflationary pressures. Through our steady focus on significant free cash flow generation and substantial debt paydown, we've achieved the lowest leverage multiple and highest liquidity in the history of Talos. In the second half of the year we will initiate our operated open water rig program testing a series of exciting, high-impact drilling opportunities and expect to spud our Puma West appraisal well early in the fourth quarter."
Duncan continued: "In our CCS business, we closed the previously announced Bayou Bend transaction with Chevron and Carbonvert, welcoming Chevron into the joint venture that is developing the country's first and only major offshore CO2 sequestration project. We expect to spud the first stratigraphic evaluation well this year to expedite the EPA Class VI permitting process while continuing to engage potential industrial customers. Utilizing our technical and commercial skill sets, gained through decades of regional experience, to provide CCS-as-a-Service along the U.S. Gulf Coast exemplifies our commitment to balancing responsible energy production with tangible carbon management solutions for the future, a combination that we believe underpins what the energy company of the future looks like for all of its stakeholders."
RECENT DEVELOPMENTS AND OPERATIONS UPDATE
Debt Repayment: Talos repaid $140.0 million of credit facility borrowings and $6.1 million of 7.5% Notes at maturity in the second quarter, reducing overall leverage to 1.0x Net Debt to LTM Adjusted EBITDA. The Company ended the quarter with liquidity of $702.2 million, the highest in Talos's history, and expects to continue to reduce credit facility borrowings in the second half of 2022.
Inflation Reduction Act: Talos is closely monitoring recent legislative developments regarding the Inflation Reduction Act, which contain numerous provisions relevant to the Company's Upstream and CCS business units. Among the Upstream provisions are the reinstatement of winning bids from OCS Lease Sale 257, in which Talos was one of the most active bidders and was the high bidder on over 57,000 gross acres across ten deepwater blocks. Additionally, the legislation would mandate three specific additional lease sales in the future and require oil and gas lease sales in conjunction with offshore wind lease sales going forward. For the Company's CCS business, the legislation includes provisions that could increase the 45Q credit for permanent CO2 sequestration to $85/ton from the current $50/ton, as well as adding a direct pay component to the current federal income tax credit structure. The Inflation Reduction Act has not been passed in the U.S. Senate and any final legislation may be different from the legislative text that is currently proposed.
CCS: Talos, through its Talos Low Carbon Solutions division, and Carbonvert, Inc. ("Carbonvert") announced and subsequently closed a transaction to expand the Bayou Bend CCS joint venture through the acquisition of a 50% interest by Chevron for $30.0 million of gross upfront cash and up to $20.0 million of gross future capital cost reimbursement, expected to cover capital expenditures through FID. Equity interests in the venture are now 25% Talos, 25% Carbonvert and 50% Chevron, and Talos is the operator. The three companies also established an Area of Mutual Interest ("AMI") over the full ~231,000-acre Jefferson County offshore region contemplated in the State of Texas's original request for proposal, aligning the parties for future expansion opportunities.
Third Quarter Expected Downtime: Following deferral of the planned dry-dock maintenance process from June 2022 into the third quarter, Talos has begun mobilizing the HP-1 vessel to shore for regulatory-required maintenance. Talos expects dry-dock to result in 6.0 – 9.0 MBoe/d of deferred production as well as incremental operating and capital costs in the third quarter. Preparatory costs of approximately $11.5 million are included in the second quarter operating expenses. Additionally, Talos expects planned third-party midstream downtime and other miscellaneous planned downtime activities to result in 4.0 – 5.0 MBoe/d of deferred production. Talos's previously issued annual operational and financial guidance is inclusive of both the HP-1 dry-dock and third-party midstream downtime estimates, as well as hurricane risking. However, the majority of hurricane downtime impact is typically incurred in the third quarter.
Operated Deepwater Rig Program: Talos expects to take possession of the Seadrill Sevan Louisiana deepwater rig in mid-August, initiating its open water program that includes six total operations between second half of 2022 and first half of 2023, four of which are exploitation wells targeting 65-100 million barrels of oil equivalent ("MMBoe") of cumulative gross unrisked resources and utilizing Talos-operated facilities for accelerated subsea development. The Company will spud the Lime Rock prospect, the first of the four exploitation targets, following a deepwater recompletion. Prior to initiating the rig program, Talos successfully obtained industry validation for these prospects, attracting non-operated working interest partners in each of the Lime Rock, Venice and Rigolets projects. Talos now owns a 60% working interest in each of these projects. Additionally, if successful, we expect each well to produce between 5.0 – 15.0 MBoe/d gross with expected timeline to first oil between 12-18 months.
Non-Operated Deepwater Rig Program: Talos expects the Puma West appraisal well to spud early in the fourth quarter with results expected by early 2023. The appraisal follows the successful 2021 exploration discovery well along with co-owners bp plc ("bp") (Operator) and Chevron. The well has been permitted to a depth of approximately 26,700 feet and will be drilled with the Diamond Ocean BlackHornet rig, currently working for bp. In the Gunflint Field, (9.6% working interest) Talos has participated in two successful workovers and anticipates initiating the MC 992 #1 sidetrack well by year-end. Lastly, Talos is actively working with a large industry partner to finalize a five-block exploration unit comprising 28,800 gross acres in the Walker Ridge and Green Canyon areas on which the Company expects to participate in a high-impact exploration prospect in the first half of 2023.
Zama: Talos is actively working with Petróleos Mexicanos ("Pemex") and its Block 7 partners Wintershall Dea and Harbour Energy to finalize the Zama Field Development Plan ("FDP"), targeting submission to National Hydrocarbons Commission ("CNH") latest by March 2023, as required in the unitization resolution. Upon approval, the parties will then move toward FID later in 2023. Concurrently, the parties are discussing the formation of an Integrated Project Team, which would include representatives of each company and would report to the Unit Operating Committee, to manage the field's development.
Pompano Platform Rig Program: The Company's Seville exploitation well failed to discover commercial quantities of hydrocarbons in late July. The platform rig program has shifted to begin preparations for the Mount Hunter development well, with spud expected in the third quarter and first oil in early 2023.
SECOND QUARTER 2022 RESULTS
Key Financial Highlights:
Production
Production for the quarter was 65.4 MBoe/d net and was 67% oil and 75% liquids.
Capital Expenditures
Capital expenditures for the quarter, including plugging and abandonment activities, totaled $85.9 million. Capital expenditures for the Company's CCS business includes the impact of the sale of 50% of the Company's investment in Bayou Bend CCS joint venture to Chevron (i.e., the Company recouped 50% of its original $2.25 million investment).
Liquidity and Leverage
At quarter-end the Company had approximately $702.2 million of liquidity, with $606.3 million undrawn on its RBL facility and approximately $108.5 million in cash, less approximately $12.6 million in outstanding letters of credit. On June 30, 2022, Talos had $877.4 million in total debt, inclusive of $27.4 million related to the HP-1 finance lease. Net Debt was $768.9 million(1). Net Debt to Credit Facility LTM Adjusted EBITDA(1), as determined in accordance with the Company's credit agreement, was 1.0x(1).
HEDGES
The following table reflects contracted volumes and weighted average prices the Company will receive under the terms of its derivative contracts as of August 4, 2022 and includes contracts entered into after June 30, 2022:
CONFERENCE CALL AND WEBCAST INFORMATION
Talos will host a conference call, which will be broadcast live over the internet, on Friday, August 5, 2022 at 10:00 AM Eastern Time (9:00 AM Central Time). Listeners can access the conference call through a webcast link on the Company's website at: https://www.talosenergy.com/investor-relations/events-calendar/. Alternatively, the conference call can be accessed by dialing (888) 348-8927 (U.S. toll free), (855) 669-9657 (Canada toll-free) or (412) 902-4263 (international). Please dial in approximately 15 minutes before the teleconference is scheduled to begin and ask to be joined into the Talos Energy call. A replay of the call will be available one hour after the conclusion of the conference until August 12, 2022 and can be accessed by dialing (877) 344-7529 and using access code 1898121.
ABOUT TALOS ENERGY
Talos Energy (NYSE: TALO) is a technically driven independent exploration and production company focused on safely and efficiently maximizing long-term value through its operations, currently in the United States and offshore Mexico, both through upstream oil and gas exploration and production and the development of carbon capture and sequestration opportunities. As one of the Gulf of Mexico's largest public independent producers, we leverage decades of technical and offshore operational expertise towards the acquisition, exploration and development of assets in key geological trends that are present in many offshore basins around the world. With a focus on environmental stewardship, we are also utilizing our expertise to explore opportunities to reduce industrial emissions through our carbon capture and sequestration initiatives along the U.S. Gulf Coast and Gulf of Mexico. For more information, visit www.talosenergy.com.
INVESTOR RELATIONS CONTACT
Sergio Maiworm
+1.713.328.3008
investor@talosenergy.com
CAUTIONARY STATEMENT ABOUT FORWARD-LOOKING STATEMENTS
This communication may contain "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended (the "Securities Act"), and Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than statements of historical fact included in this communication, regarding our strategy, future operations, financial position, estimated revenues and losses, projected costs, prospects, plans and objectives of management are forward-looking statements. When used in this communication, the words "will," "could," "believe," "anticipate," "intend," "estimate," "expect," "project," "forecast," "may," "objective," "plan" and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain such identifying words. These forward-looking statements are based on our current expectations and assumptions about future events and are based on currently available information as to the outcome and timing of future events.
We caution you that these forward-looking statements are subject to numerous risks and uncertainties, most of which are difficult to predict and many of which are beyond our control. These risks include, but are not limited to, commodity price volatility due to the continued impact of the coronavirus disease 2019 ("COVID-19"), including any new strains or variants, and governmental measures related thereto on global demand for oil and natural gas and on the operations of our business; the ability or willingness of OPEC and other state-controlled oil companies ("OPEC Plus"), such as Saudi Arabia and Russia, to set and maintain oil production levels; the impact of any such actions; the lack of a resolution to the war in Ukraine and its impact on certain commodity markets; lack of transportation and storage capacity as a result of oversupply, government and regulations; lack of availability of drilling and production equipment and services; adverse weather events, including tropical storms, hurricanes and winter storms; cybersecurity threats; sustained inflation and the impact of central bank policy in response thereto; environmental risks; failure to find, acquire or gain access to other discoveries and prospects or to successfully develop and produce from our current discoveries and prospects; geologic risk; drilling and other operating risks; well control risk; regulatory changes; the uncertainty inherent in estimating reserves and in projecting future rates of production; cash flow and access to capital; the timing of development expenditures; potential adverse reactions or competitive responses to our acquisitions and other transactions; the possibility that the anticipated benefits of our acquisitions are not realized when expected or at all, including as a result of the impact of, or problems arising from, the integration of acquired assets and operations, and the other risks discussed in Part I, Item 1A. "Risk Factors" of Talos Energy Inc.'s Annual Report on Form 10-K for the year ended December 31, 2021, filed with the SEC on February 25, 2022, Part II, Item 1A. "Risk Factors" of Talos Energy Inc.'s Quarterly Report on Form 10-Q for the period ended March 31, 2022, filed with the SEC on May 5, 2022 and Part II, Item 1A. "Risk Factors" of Talos Energy Inc's Quarterly Report on Form 10-Q for the period ended June 30, 2022, to be filed with the SEC subsequent to the issuance of this communication. Should one or more of the risks or uncertainties described herein occur, or should underlying assumptions prove incorrect, our actual results and plans could differ materially from those expressed in any forward-looking statements. All forward-looking statements, expressed or implied, included in this communication are expressly qualified in their entirety by this cautionary statement. This cautionary statement should also be considered in connection with any subsequent written or oral forward-looking statements that we or persons acting on our behalf may issue. Except as otherwise required by applicable law, we disclaim any duty to update any forward-looking statements, all of which are expressly qualified by the statements in this section, to reflect events or circumstances after the date of this communication.
Estimates for our future production volumes are based on assumptions of capital expenditure levels and the assumption that market demand and prices for oil and gas will continue at levels that allow for economic production of these products. The production, transportation, marketing and storage of oil and gas are subject to disruption due to transportation, processing and storage availability, mechanical failure, human error, hurricanes and numerous other factors. Our estimates are based on certain other assumptions, such as well performance, which may vary significantly from those assumed. Therefore, we can give no assurance that our future production volumes will be as estimated.
RESERVE INFORMATION
Reserve engineering is a process of estimating underground accumulations of oil, natural gas and NGLs that cannot be measured in an exact way. The accuracy of any reserve estimate depends on the quality of available data, the interpretation of such data and price and cost assumptions made by reserve engineers. In addition, the results of drilling, testing and production activities may justify revisions upward or downward of estimates that were made previously. If significant, such revisions would change the schedule of any further production and development drilling.
Accordingly, reserve estimates may differ significantly from the quantities of oil, natural gas and NGLs that are ultimately recovered. In addition, we use the term "cumulative gross unrisked resource" in this release, which is not a measure of "reserves" prepared in accordance with SEC guidelines or permitted to be included in SEC filings. These resource estimates are inherently more uncertain than estimates of reserves prepared in accordance with SEC guidelines.
SUPPLEMENTAL NON-GAAP INFORMATION
Certain financial information included in our financial results are not measures of financial performance recognized by accounting principles generally accepted in the United States, or GAAP. These non-GAAP financial measures are "Adjusted Net Income (Loss)," "Adjusted Earnings per Share," "EBITDA," "Adjusted EBITDA," "Adjusted EBITDA excluding hedges," "Adjusted EBITDA Margin," "Adjusted EBITDA Margin excluding hedges," "Free Cash Flow," "Net Debt," "LTM Adjusted EBITDA," "Credit Facility LTM Adjusted EBITDA", "Net Debt to Credit Facility LTM Adjusted EBITDA" and "Leverage". These disclosures may not be viewed as a substitute for results determined in accordance with GAAP and are not necessarily comparable to non-GAAP measures which may be reported by other companies.
Reconciliation of Net Income (Loss) to EBITDA and Adjusted EBITDA
"EBITDA" and "Adjusted EBITDA" are used to provide management and investors with (i) additional information to evaluate, with certain adjustments, items required or permitted in calculating covenant compliance under our debt agreements, (ii) important supplemental indicators of the operational performance of our business, (iii) additional criteria for evaluating our performance relative to our peers and (iv) supplemental information to investors about certain material non-cash and/or other items that may not continue at the same level in the future. EBITDA and Adjusted EBITDA have limitations as analytical tools and should not be considered in isolation or as substitutes for analysis of our results as reported under GAAP or as alternatives to net income (loss), operating income (loss) or any other measure of financial performance presented in accordance with GAAP. We define these as the following:
EBITDA. Net income (loss) plus interest expense, income tax expense (benefit), depreciation, depletion and amortization and accretion expense.
Adjusted EBITDA. EBITDA plus non-cash write-down of oil and natural gas properties, transaction and other (income) expenses, the net change in the fair value of derivatives (mark to market effect, net of cash settlements and premiums related to these derivatives), (gain) loss on debt extinguishment, non-cash write-down of other well equipment inventory and non-cash equity-based compensation expense.
We also present Adjusted EBITDA excluding hedges and as a percentage of revenue to further analyze our business, which are outlined below:
Adjusted EBITDA Margin. EBITDA divided by Revenue, as a percentage. It is also defined as Adjusted EBITDA divided by the total production volume, expressed in Boe, in the period, and described as dollar per Boe. We believe the presentation of Adjusted EBITDA margin is important to provide management and investors with information about how much we retain in Adjusted EBITDA terms as compared to the revenue we generate and how much per barrel we generate after accounting for certain operational and corporate costs.
The following table presents a reconciliation of the GAAP financial measure of net income (loss) to EBITDA, Adjusted EBITDA, Adjusted EBITDA excluding hedges, Adjusted EBITDA Margin and Adjusted EBITDA Margin excluding hedges for each of the periods indicated (in thousands, except for Boe, $/Boe and percentage data):
Reconciliation of Adjusted EBITDA to Free Cash Flow
"Free Cash Flow" before changes in working capital provides management and investors with (i) important supplemental indicators of the operational performance of our business, (ii) additional criteria for evaluating our performance relative to our peers and (iii) supplemental information to investors about certain material non-cash and/or other items that may not continue at the same level in the future. Free Cash Flow has limitations as an analytical tool and should not be considered in isolation or as substitutes for analysis of our results as reported under GAAP or as alternatives to net income (loss), operating income (loss) or any other measure of financial performance presented in accordance with GAAP. We define these as the following:
Capital Expenditures and Plugging & Abandonment. Actual capital expenditures and plugging & abandonment recognized in the quarter, inclusive of accruals.
Interest Expense. Actual interest expense per the income statement.
Talos did not pay any cash taxes in the period, therefore cash taxes have no impact to the reported Free Cash Flow before changes in working capital number.
Reconciliation of Net Income (Loss) to Adjusted Net Income (Loss) and Adjusted Earnings per Share
"Adjusted Net Income (Loss)" and "Adjusted Earnings per Share" are to provide management and investors with (i) important supplemental indicators of the operational performance of our business, (ii) additional criteria for evaluating our performance relative to our peers and (iii) supplemental information to investors about certain material non-cash and/or other items that may not continue at the same level in the future. Adjusted Net Income (Loss) and Adjusted Earnings per Share have limitations as analytical tools and should not be considered in isolation or as a substitute for analysis of our results as reported under GAAP or as an alternative to net income (loss), operating income (loss), earnings per share or any other measure of financial performance presented in accordance with GAAP.
Adjusted Net Income (Loss). Net income (loss) plus accretion expense, transaction related costs, derivative fair value (gain) loss, net cash receipts (payments) on settled derivative instruments and non-cash equity-based compensation expense.
Adjusted Earnings per Share. Adjusted Net Income (Loss) divided by the number of common shares.
Reconciliation of Total Debt to Net Debt and Net Debt to LTM Adjusted EBITDA and Credit Facility LTM Adjusted EBITDA
We believe the presentation of Net Debt, LTM Adjusted EBITDA, Credit Facility LTM Adjusted EBITDA, Net Debt to LTM Adjusted EBITDA and Net Debt to Credit Facility LTM Adjusted EBITDA is important to provide management and investors with additional important information to evaluate our business. These measures are widely used by investors and ratings agencies in the valuation, comparison, rating and investment recommendations of companies
Net Debt. Total Debt principal of the Company plus the finance lease balance minus cash and cash equivalents.
Net Debt to LTM Adjusted EBITDA. Net Debt divided by the LTM Adjusted EBITDA.
Net Debt to Credit Facility LTM Adjusted EBITDA. Net Debt divided by the Credit Facility LTM Adjusted EBITDA.
The Adjusted EBITDA information included in this communication provides additional relevant information to our investors and creditors. Talos needs to comply with a financial covenant included in its Bank Credit Facility that requires it to maintain a Net Debt to Credit Facility LTM Adjusted EBITDA ratio, as determined in accordance with the Company's credit agreement, equal to or lower than 3.0x. For purposes of covenant compliance, Credit Facility LTM Adjusted EBITDA, with certain adjustments, is calculated as the sum of quarterly Adjusted EBITDA for the 12-month period ended on that quarter, inclusive of revenue less direct operating expenditures of the Acquired Assets for periods prior to closing of the Transaction.
View original content to download multimedia:
SOURCE Talos Energy | https://www.valleynewslive.com/prnewswire/2022/08/04/talos-energy-announces-second-quarter-2022-operational-financial-results/ | 2022-08-04T21:03:32Z | https://www.valleynewslive.com/prnewswire/2022/08/04/talos-energy-announces-second-quarter-2022-operational-financial-results/ | true |
PALMETTO, Fla., Aug. 4, 2022 /PRNewswire/ -- Weller Management and Terwilliger Brothers announce the groundbreaking of Trevesta Place apartment community, a multifamily housing project in the North River. Manatee County, one of the fastest growing locations along the West Coast of Florida, is within an easy commuting distance to Downtown St. Petersburg, Bradenton, Sarasota, and Tampa.
"We believe the focus in multifamily communities should be creating positive living experiences. We are pleased to bring a quality development project like Trevesta Place to this community," said John Vranich, President, Weller.
The community will consist of six 4-story elevator-served buildings, providing an advantage over most of the competitive properties which consist of 3-story walk up buildings. Trevesta Place houses 256 units: 24 studios, 88 one-bedrooms, 120 two-bedrooms, and 24 three-bedrooms, ranging in size from 770 to 1248 square feet. All will be fashioned with modern finishes like granite countertops, tile backsplashes, a washer and dryer, and plenty of closet space. With construction now underway, the project is estimated to begin pre-leasing in late December and be completed with its first building in April 2023.
Trevesta Place will provide an "attainable price point" for renters while simultaneously providing a Class" A" apartment experience. Amenities will include a serene swimming pool, yoga lawn, dog park, parking garage, pergola and easy access to shopping and freeways. Future residents will live a short distance from beautiful Tampa Bay, nature trails, and enjoy excellent schools, golf courses, restaurants, and retail. Easy access to I-75 and I-275 is within 5 minutes, offering short commutes to those who want to live in the suburbs.
Weller is a multifamily property management company with approximately 20,000+ units under management focused on real-time market trends throughout the Southeastern U.S., Texas, and Colorado. Since 2005, Weller has grown to be the leading boutique property management and real estate investment services company in the US.
Media Contact:
Taylor Griesen
Weller, Marketing Manager
o: 561.826.9036; c: 954.687.5934
e: tgriesen@liveweller.com
View original content to download multimedia:
SOURCE Weller Management | https://www.valleynewslive.com/prnewswire/2022/08/04/terwilliger-brothers-breaks-ground-trevesta-palmetto-fl/ | 2022-08-04T21:03:45Z | https://www.valleynewslive.com/prnewswire/2022/08/04/terwilliger-brothers-breaks-ground-trevesta-palmetto-fl/ | false |
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CoreCivic, Inc. Quarterly Report (Form10)
Accepted:
Form Type:
10-Q
Accession Number:
0001564590-22-027680 | https://www.benzinga.com/secfilings/22/08/28336865/corecivic-inc-quarterly-report-form10 | 2022-08-04T21:04:25Z | https://www.benzinga.com/secfilings/22/08/28336865/corecivic-inc-quarterly-report-form10 | false |
Expert financial advice for college graduates hitting the job market
Hot job market good news for recent grads, but financial planning is still a must
InvestigateTV - If you are starting a new job, there are four basic concepts you need to know that will impact your finances forever, according to Aashish Matani, Managing Director of Wealth Management at Merrill Lynch.
Matani said think of it as the building blocks to getting your finances off to the best start.
He put together a list of the four building blocks for financial success:
Understand credit scores: Matani said a good credit score goal is 750 and most major banks will link to it in their app.
Understand how credit cards work: He said think of credits cards as an asset, not a burden. Matani added to also do your best to pay on time and don’t be late with a payment. “You just have to make it a habit of paying it off. understand when that due date is, understand when it is,” Matani said.
Pay yourself first: Set aside money and build up an emergency fund and start an IRA or join your company 4019(k). Matani suggested checking to see if your employer retirement plan offers a match. It’s an easy way to get free money.
Research and understand compounding interest: Matani said how much you save and how long you save will help you later in life at retirement.
MyMoney.gov offers free resources and advice on personal finance and planning. It also has free calculator, templates and checklists to help you with your financial planning.
Copyright 2022 Gray Media Group, Inc. All rights reserved. | https://www.kxii.com/2022/08/04/expert-financial-advice-college-graduates-hitting-job-market/ | 2022-08-04T21:04:50Z | https://www.kxii.com/2022/08/04/expert-financial-advice-college-graduates-hitting-job-market/ | true |
EXPLAINER: What will it take to get Brittney Griner home?
WASHINGTON (AP) — Now that WNBA star Brittney Griner has been convicted of drug possession and sentenced to nine years in prison, attention turns to the prospect of a prisoner swap between the United States and Russia that could get her home.
Secretary of State Antony Blinken went public with that possibility last week, revealing in an unusual announcement that the U.S. had made a “substantial proposal” aimed at securing the release of Griner and another jailed American, Paul Whelan.
With her court case concluded and her sentence pronounced, such a deal — assuming one can be reached with the Russians — is Griner’s best chance of being freed early.
Though the guilty verdict was seen as a foregone conclusion, the imposition of a sentence her lawyers decried as far longer than average could give the U.S. extra impetus to strike a deal palatable to Russia as soon as possible. And the formal end of the court case could be the opening both sides need to forge a diplomatic resolution, too.
A look at what’s at stake:
WHAT DID THE U.S. OFFER?
Blinken did not specify the terms other than to describe the offer as substantial and something that he intended to discuss with Russian Foreign Minister Sergey Lavrov.
A person familiar with the situation said that the U.S. offered to release Viktor Bout, a convicted Russian arms dealer serving a 25-year prison sentence on charges that he conspired to sell tens of millions of dollars in weapons to the Revolutionary Armed Forces of Colombia — an organization classified by Washington as a narco-terrorist group.
The officials did wind up speaking by phone last Friday, the highest-level known contact between the two sides since Russia invaded Ukraine. The two are also in Cambodia for meetings involving foreign ministers of Southeast Asian countries.
WHAT HAS BEEN THE RUSSIAN RESPONSE?
Minimal, at least in public. Blinken did not provide details after his call with Lavrov about his response. The Russians, for their part, gave no hint about their interest in the offer, other than a statement chiding the U.S. to pursue the Americans’ freedom through “quiet diplomacy, without releases of speculative information.”
On Monday, White House Press Secretary Karine Jean-Pierre said the Russian government had responded in a “bad faith” manner with an offer that U.S. officials did not regard as serious. She did not elaborate, though CNN reported last week that the Kremlin also wanted the release a former colonel from one of its spy agencies who was convicted of murder in Germany last year.
WOULD THERE BE A PRECEDENT FOR A PRISONER SWAP?
In many ways, yes — and a recent one too. In April, Russia traded Marine veteran Trevor Reed, convicted of a physical altercation with police in Moscow, for Konstantin Yarosheknko, a Russian pilot imprisoned for a cocaine trafficking conspiracy.
But that involved a Russian with far less notoriety than Bout, a former Soviet air force officer who once inspired a Hollywood movie and who earned the nickname the “Merchant of Death” over allegations that he supplied weapons used for civil wars in countries around the globe. He has adamantly maintained his innocence.
And there’s not much recent precedent, at least by the U.S. government, for public discussions of prisoner swaps until after the deal is done and planes are in the air. That’s what made Blinken’s announcement from the State Department briefing room all the more striking.
On one hand, it seemed intended to communicate to the American public that the administration will do whatever it needs to do to bring home wrongfully detained Americans.
But such a public overture also risks weakening the administration’s negotiating hand to the extent it makes the U.S. look overly desperate for a deal, or that it signals to other countries that it is willing to meet potentially unreasonable demands.
SO, WILL THE DEAL TAKE PLACE?
It’s hard to say, but the contact between Blinken and Lavrov does suggest more progress than has ever been made before and reinforces the idea that the two countries are willing to maintain communication at a time of extraordinary tensions related to Moscow’s invasion of Ukraine.
Griner is the most prominent American detained by a foreign country. She is a two-time Olympic gold medalist detained since February when police said they found vape cartridges containing cannabis oil in her luggage at an airport in Moscow.
And though some Republicans including former President Donald Trump have come out against a deal, the conviction and sentence will only ramp up pressure on the administration to reach an agreement that can get her out soon.
“Today’s sentencing of Brittney Griner was severe by Russian legal standards and goes to prove what we have known all along, that Brittney is being used as a political pawn,” tweeted Lindsay Kagawa Colas, Griner’s agent.
She said getting a deal done for Griner and Whelan, a Michigan corporate security executive imprisoned on an espionage conviction he and his family says is baseless, may be difficult but it is “urgent” and the “right thing to do.” The U.S. government also regards Whelan as wrongfully convicted. It seems unlikely the administration would agree to a swap that didn’t also include him.
For their part, Russian authorities have suggested that they regarded a conviction as basically a prerequisite for a prisoner swap.
On Thursday, President Joe Biden again urged Russia to release Griner immediately.
“My administration will continue to work tirelessly and pursue every possible avenue to bring Brittney and Paul Whelan home safely as soon as possible,” he said in a statement.
___
Follow Eric Tucker on Twitter at http://www.twitter.com/etuckerAP
Copyright 2022 The Associated Press. All rights reserved. | https://www.newschannel6now.com/2022/08/04/explainer-what-will-it-take-get-brittney-griner-home/ | 2022-08-04T21:06:04Z | https://www.newschannel6now.com/2022/08/04/explainer-what-will-it-take-get-brittney-griner-home/ | false |
Weather Alert Friday/Saturday - Extreme Heat
Please use caution if working outdoors or without AC
WICHITA, Kan. (KWCH) - Dangerous heat will set in across the area for Friday and Saturday. Widespread 100 degree temperatures and sunshine will be common both days and it will certainly feel hotter with humidity factored in. Please exercise caution if working outdoors and check on those without AC, and don’t forget the pets.
Skies will be mainly clear into Friday with highs in near 100. Heat index values will be near 105 for areas of central and eastern Kansas. Winds will be out of the south/southeast.
It will get a bit hotter on Saturday with gusty south winds up to 30 mph. Highs will top 100 with plenty of sunshine.
A cold front enters the state on Sunday, but it still looks fairly hot with highs near 100. Northwest and north central Kansas will have some storms developing during the day, and that chance for rain should be shifting farther south into Monday.
Cooling temperatures and some rain can be expected into the beginning of next week.
Wichita Area Forecast:
Tonight: Mostly clear. Wind: SE 5-10. Low: 77.
Tomorrow: Mostly sunny and hot. Wind: SE/S 10-15. High: 101.
Tomorrow Night: Clear and warm. Wind: SE/S 10-20. Low: 79.
Sat: High: 102 Sunny to mostly sunny. Breezy.
Sun: High: 101 Low: 78 Sunny to mostly sunny; breezy.
Mon: High: 88 Low: 74 AM showers/storms, then partly cloudy. Overnight storms.
Tue: High: 90 Low: 70 Sunny.
Wed: High: 94 Low: 73 Sunny.
Thu: High: 95 Low: 74 Sunny.
Copyright 2022 KWCH. All rights reserved. | https://www.kwch.com/2022/08/04/weather-alert-fridaysaturday-extreme-heat/ | 2022-08-04T21:07:00Z | https://www.kwch.com/2022/08/04/weather-alert-fridaysaturday-extreme-heat/ | true |
LOS ANGELES — Which NBA teams are going to move the most next year after their finish at the end of the 2022 season?
While there are some obvious answers like when you look at the Los Angeles teams, like the Lakers who surprisingly missed the playoffs after Anthony Davis was injured most of the year. And the Clippers, who finished eighth in the standings without Kawhi Leonard, who will return next season.
But also, there has been a lot of offseason movement. Who got better? Who didn't get better and could slip next season?
That was the topic of the Locked On NBA podcast on Thursday as hosts Nick Angstadt and Pat The Designer looked at the teams they expect to rise and fall next season.
SUBSCRIBE to the daily Locked On NBA podcast for league-round coverage, or find the daily podcast covering YOUR NBA team, only on the Locked On NBA podcast. Your Team, Every Day.
Angstadt started off on Locked On NBA throwing out the five teams that he thinks are most likely to rise in 2022-23 from their standing in 2021-22: The Clippers, Blazers, Nuggets, Hawks and Timberwolves.
“The Clippers are going to rise the most to me,:" Angstadt said. "They were eighth in the West last year, 42-40. I don’t know if there’s another team that’s going to take a bigger jump. They’re getting Kawhi Leonard back, they’re getting Paul George back, their team is almost too deep. I’m buying them.”
Angstadt is also expecting a big move from the Portland Trail Blazers, who finished 13th last year after trading away CJ. McCollum and an injury to Damian Lillard. They picked up Jerami Grant in the offseason from Detroit.
“The Blazers were 13th in the West last year," Angstadt said. "They tanked the whole thing, they pulled the rug out from under themselves. They added Jerami Grant. Damian Lillard will be back. Anfernee Simmons, they signed him. I don’t know if they’ll move up to the top six in the West, but going .500 would put them up like five spots from their standings last year.”
Pat had a few teams he thinks should be up there as well, including the New Orleans Pelicans who made the playoffs and gave the Suns a run for their money, but still finished just 36-46 on the year.
“If healthy, I think the Pelicans are a top 5 teams in the Western Conference," Pat said. "They have a dude on their team that shoots above 60% from the field. And they will have a full year of CJ McCollum.”
Additionally, Pat likes a healthy Cleveland team to make a better run in 2022-23. And the Nets could also improve from their eighth seed if they end up keeping Irving and Durant, he says.
“Just based on health, I think the Cleveland Cavaliers will be a lot tougher this season," Pat said. "Another one is if the Nets find a way to keep Kyrie Irving and Kevin Durant and they decide to play a full season they should move up.”
Among teams they both expect to make falls in 2022-23 are the Utah Jazz, San Antonio Spurs, Charlotte Hornets and Memphis Grizzlies.
Check out the episode of Locked On NBA for their full conversation on biggest risers and fallers for next season. | https://www.abc10.com/article/sports/locked-on/lo-national/locked-on-nba/clippers-blazers-jazz-pelicans-which-nba-teams-will-rise-and-fall-the-most/535-69f8d55c-24f5-4984-8795-e116eedb9dd5 | 2022-08-04T21:07:16Z | https://www.abc10.com/article/sports/locked-on/lo-national/locked-on-nba/clippers-blazers-jazz-pelicans-which-nba-teams-will-rise-and-fall-the-most/535-69f8d55c-24f5-4984-8795-e116eedb9dd5 | false |
(NEXSTAR) – Country music group Lady A has announced the postponement of the band’s Request Line Tour in order to support co-vocalist Charles Kelley on his “journey to sobriety.”
The group shared the news via social media on Thursday, confirming the tour would be pushed off until sometime in 2023.
“Being on the road with our fans is our greatest joy, so it was a hard but important decision to make,” reads a statement attributed to Lady A.
“We are a band, but more importantly … we’re family,” the statement continued. “We’re proud to say that Charles has embarked on a journey to sobriety. So, right now in order to be the healthiest, strongest and most creative band we can be, Lady A will take the time with the support of our families and team of professionals to walk through this together. It’s early on this road, but we are determined to do what will best set us up for many more years together. We’re grateful for your patience.”
Lady A’s Request Line Tour was scheduled to kick off on Aug. 13 and 14 at Nashville’s Ryman Auditorium. The band said ticketholders would be contacted in “the coming days” with more information.
Several venues, including the South Dakota State Fair and the Colorado State Fair, have already started looking for replacement acts, Nexstar’s KELO and KDVR are reporting. A number of new concert dates — scheduled for 2023 — also appear to have been added to the band’s website as of Thursday afternoon.
Lady A, which formed in Nashville, comprises of Kelley, Hillary Scott and Dave Haywood. The group has won 14 Academy of Country Music Awards, nine American Country Awards and seven Grammys, among others awards and accolades, since releasing their first album (as Lady Antebellum) in 2008. | https://www.localsyr.com/news/national/lady-a-postpones-request-line-tour-until-2023-amid-members-journey-to-sobriety/ | 2022-08-04T21:07:56Z | https://www.localsyr.com/news/national/lady-a-postpones-request-line-tour-until-2023-amid-members-journey-to-sobriety/ | false |
Pelosi’s grand-standing will result in nothing but damage
American politicians and their, often times bigoted, zeal to find foreign bogeymen culminated in the latest trip by US House Speaker Nancy Pelosi's to Taiwan - the first in 25 years by a high ranking US official.
In an impassioned Op-ed published in the Washington Post, Nancy Pelosi spelled out her reasons for going on a tour, which even her president publicly said was advised against by the military.
"We cannot stand by as the CCP proceeds to threaten Taiwan – and democracy itself. Indeed, we take this trip at a time when the world faces a choice between autocracy and democracy," she wrote, while acknowledging that her stance did not contradict the One-China policy.
To sum up, Pelosi borrowed a page from America's well-thumbed, but also misguided at times, tome of "Freedom and Democracy".
At 83, it would not be wrong to say Pelosi is at the twilight of her career. This could be her last big hurrah. This isn't, however, to detract from her long-standing criticism of China, something she has clearly never wavered from.
Thirty years ago, she unfurled a banner honouring dissidents killed in the 1989 protests in Tiananmen Square, inviting rebuke from China. She has long campaigned against human rights abuses by the Chinese Communist Party. In short, Pelosi has always kept an eagle-eye on China.
But as most experts attest to at the moment, her visit to Taiwan was unnecessary.
Pulitzer Prize winner Thomas L Friedman, in an op-ed for the New York Times, termed Pelosi's visit utterly reckless.
"Nothing good will come of it. Taiwan will not be more secure or more prosperous as a result of this purely symbolic visit, and a lot of bad things could happen," he wrote.
Stressing that he had a lot of respect for Pelosi, he, however, pointed out that with Europe already entangled in a war, the trip was not needed at this particular point in time.
"There are moments in international relations when you need to keep your eyes on the prize. Today that prize is crystal clear: We must ensure that Ukraine is able, at a minimum, to blunt — and, at a maximum, reverse — Vladimir Putin's unprovoked invasion, which if it succeeds will pose a direct threat to the stability of the whole European Union," he wrote, adding that China's role in the matter was crucial and they had agreed to not support Russia militarily.
Pelosi's visit, however, could upend all that.
The Washington Post's editorial board said the fallout from the visit had to be "contained".
Terming the move unwise while lauding the strong support for Taiwan, it wrote, "What we do not comprehend is her insistence on demonstrating her support in this way, at this time, despite warnings — from a president of her own party — that the geopolitical situation is already unsettled enough."
The piece mentioned that perhaps her visit was a capstone event for her as a speaker, adding that but the time was to focus on Ukraine at the moment.
"The United States must never sacrifice its principles or cave to Chinese threats. All the more reason to prepare carefully where and when to confront China. No thanks to Ms. Pelosi, the Biden administration finds itself forced to react and improvise instead," it said in conclusion.
Meanwhile, Russia has also expressed solidarity with China, a favour it may want returned at some point in the future.
China's Ministry of Foreign Affairs has termed the visit a violation of the One-China policy.
If it was only for the optics, then Pelosi's visit has backfired spectacularly.
Apart from the criticism, it has also caused on-the-ground which will reverberate across the world.
"This issue will linger far longer than the market's attention span will allow," Michael Every, head of Asian financial market research at Rabobank in Hong Kong, told Bloomberg. "Yet geo-strategists are largely united in the view that we are still worryingly close to a potential Fourth Taiwan Strait Crisis."
China has also demonstrated its anger with a burst of military activity, summoning the US ambassador in Beijing and halting several agricultural imports from Taiwan.
Twenty-seven Chinese warplanes flew into Taiwan's air defence zone on Wednesday soon after Pelosi's visit.
Beijing announced six exclusion zones encircling Taiwan to facilitate live-fire military drills from Thursday to Sunday. Some of the areas cross into the island's territorial waters, threatening to disrupt airline traffic and shipping in the Taiwan Strait -- one of the world's busiest trade routes, Bloomberg reported.
China's customs department announced a suspension of imports of citrus fruits, chilled white striped hairtail and frozen horse mackerel from Taiwan, while its commerce ministry banned export of natural sand to Taiwan.
Separately, Chinese organizations, companies and individuals were banned Wednesday from dealing with Taiwan companies. China is Taiwan's largest trading partner, meaning it has a strategic edge.
China also vowed to hold diehard Taiwan "separatists" accountable and impose criminal punishments on them, the official Xinhua News Agency reported, meaning what Pelosi feared is what may happen.
Although the United States has no official diplomatic ties with Taiwan, it is bound by American laws to defend it.
China views visits by US officials to Taiwan as sending an encouraging signal to the pro-independence camp on the island.
While it may never result in any military engagement, it does beg the question whether the provocation was necessary. The last time the US dangled Nato membership in front of Ukraine, Russia responded with force. Was another unnecessary incitement even the call of this hour? | https://www.tbsnews.net/analysis/pelosis-grand-standing-will-result-nothing-damage-470950 | 2022-08-04T21:08:19Z | https://www.tbsnews.net/analysis/pelosis-grand-standing-will-result-nothing-damage-470950 | false |
The child survivors of the Vél' d'Hiv Roundup" (3/4). The Vél' d'Hiv was first and foremost a smell. Eighty years later, the survivors of the July 16-17, 1942 roundup can still smell it: a nauseating mixture of excrement and urine, dirty diapers, bodies soaked in sweat and, of course, fear. Nothing could erase such retched smells. In 2009, Joseph Weismann, 91, was invited to the set of Roselyne Bosch's La Rafle (The Roundup), which was largely inspired by his story. In Budapest, the Parisian velodrome that had been on the Rue Nélaton in the 15th arrondissement, had been reconstructed. The atmosphere of the setting was sanitized. But, as soon as Joseph entered, "an abominable stench" assailed him, coming from his memories.
Besides the smell, the Vél' d'Hiv was a loud noise. It still stuns those who lived through it, the tremendous hubbub of 8,000 people locked up. (Another 4,000 people who were unmarried or couples without children were arrested and sent directly to the Drancy internment camp.) It was an immense, irrepressible rumble pierced by shouts and crying. It ricocheted under the glass roof of the Palais des Sports, which had been obscured with blue paint to protect against air raids and was charged with the metallic echoes of the structure. It was enough to make their heads explode.
"We were in a fog of noise," said Joseph. This din was regularly covered by the boom of the loudspeakers. "Shut up!" they would bellow, before pouring out instructions. Starting on July 19, they would announce the names of those who had to report and leave the premises. Madeleine Wajsbaum, 98, remembered, "We regularly stamped our feet. We screamed because we were too hot. We sang 'La Marseillaise' too. I don't know why."
Administrative stamp of misfortune
The young Madeleine was 18 years old, wearing a little spring dress and open T-bar shoes that were very fashionable at the time. She spent one week in the Vél' d'Hiv, being among the last prisoners held there. She lived for a week in the noise, surrounded by "horrible cries and shouting," but for days after her escape, they remained dizzyingly in her head.
Even today, she can still hear a mother's calls for help for a doctor when her baby was dying with a fever of 40ºC. Madeleine wandered around the huge, buzzing compound. As she walked around, she came across a woman sitting on the edge of the track frantically scribbling on a piece of paper. "What are you writing?" Madeleine asked. "This!" the woman replied, sweeping her eyes across the pandemonium.
You have 88.91% of this article left to read. The rest is for subscribers only. | https://www.lemonde.fr/en/m-le-mag/article/2022/07/26/the-child-survivors-of-the-vel-d-hiv-roundup-every-time-i-see-pictures-of-teddy-bears-taken-in-auschwitz-i-look-to-see-if-mine-is-there_5991555_117.html | 2022-08-04T21:09:43Z | https://www.lemonde.fr/en/m-le-mag/article/2022/07/26/the-child-survivors-of-the-vel-d-hiv-roundup-every-time-i-see-pictures-of-teddy-bears-taken-in-auschwitz-i-look-to-see-if-mine-is-there_5991555_117.html | true |
RICHMOND, Va. (WRIC) — Richmond City Health District will be hosting a School Physicals & Immunizations events for all uninsured K-12 students.
The first event for Henrico West will take place on Friday, Aug. 5, at the Henrico County Health Department, 8600 Dixon Powers Drive, Richmond. The event will run from 8 a.m. until 3 p.m.
Masks will be required and attendees must bring a copy of their immunization record.
This event is by appointment only. Scheduled appointments are preferred as there will be limited same-day call-ahead appointments available at 804-501-4651.
There are more School Physicals & Immunizations events to come for other districts, further details are below:
- Henrico East on Tuesday, Aug. 9
- 8 a.m. until 3 p.m. at 1400 N. Laburnam Ave.
- Call 804-652-3190 for appointments
- Richmond City on Tuesday, Aug. 23
- 8:30 a.m. until 11:30 a.m. at 400 E Cary St.
- Call 804-205-3501 for appointments
- Richmond City on Tuesday, Aug. 30
- 8:30 a.m. until 11:30 a.m. at 400 E Cary St.
- Call 804-205-3501 for appointments
- Henrico West on Friday, Sep. 2
- 8 a.m. until 12 p.m. at 8600 Dixon Powers Dr.
- call 804-501-4651 for appointments
- Henrico East on Friday, Sep. 2
- 1 p.m. until 4 p.m. at 1400 N. Laburnam Ave.
- Call 804-652-3190 for appointments
For more information and additional appointments, call 804-205-3501 or visit the Richmond City Health District’s website. | https://www.wric.com/news/local-news/richmond-and-henrico-health-districts-hold-free-immunization-events-for-students/ | 2022-08-04T21:10:20Z | https://www.wric.com/news/local-news/richmond-and-henrico-health-districts-hold-free-immunization-events-for-students/ | true |
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SAN RAMON, Calif. (AP) _ Grid Dynamics Holdings, Inc. (GDYN) on Thursday reported a loss of $13.2 million in its second quarter.
On a per-share basis, the San Ramon, California-based company said it had a loss of 20 cents. Earnings, adjusted for non-recurring costs, came to 12 cents per share.
The results topped Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 9 cents per share.
The company posted revenue of $77.3 million in the period, also exceeding Street forecasts. Three analysts surveyed by Zacks expected $73.1 million.
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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 GDYN at https://www.zacks.com/ap/GDYN | https://www.ourmidland.com/business/article/Grid-Dynamics-Q2-Earnings-Snapshot-17352356.php | 2022-08-04T21:11:28Z | https://www.ourmidland.com/business/article/Grid-Dynamics-Q2-Earnings-Snapshot-17352356.php | true |
BOSTON (AP) — The Christian flag that became the focus of a free speech legal battle that went all the way to the Supreme Court was raised — briefly — outside Boston City Hall on Wednesday to cheers and songs of praise.
The flag-raising took place about three months after the Supreme Court in a unanimous decision ruled the city discriminated against Harold Shurtleff and his Camp Constitution group because of his “religious viewpoint” when it refused permission for him to fly the banner on City Hall Plaza on Constitution Day 2017.
“We’re so pleased for this day,” Shurtleff, a Boston native, said at a ceremony to raise the white flag, which has a red cross on a blue background in the upper left corner.
“We have a great Constitution, and we have a wonderful First Amendment, but just like when it comes to muscles, if you don’t use it, they get weak,” he said. “When I got the rejection email from the city, and it said separation of church and state, I knew we had a case.”
There are three flagpoles outside City Hall that fly the U.S., Massachusetts and Boston flags. The city flag is sometimes taken down and temporarily replaced with another.
The city between 2005 and 2017 approved 284 consecutive applications to fly flags, with no denials before it rejected Shurtleff’s proposal, according to Liberty Counsel, which represented Shurtleff.
The only reason it was denied was because the word “Christian” was on his application, and he was told to replace the word if he wanted approval, Mat Staver, Liberty Counsel’s founder and chair, said Wednesday.
City Hall Plaza “is for the people to be able to represent their views and perspectives without government telling them that they can’t,” said Jonathan Alexandre, Liberty Counsel’s senior counsel for government affairs. “And if they open it up to one group, they must open it up to every other group.”
The flag was up for about two hours Wednesday before Camp Constitution took it down, both the city and Liberty Counsel confirmed.
The Supreme Court case revolved around whether the flag-raisings were an act of the government or private parties.
“Boston did not make the raising and flying of private groups’ flags a form of government speech,” the court wrote in the ruling. “That means, in turn, that Boston’s refusal to let Shurtleff and Camp Constitution raise their flag based on its religious viewpoint” curtailed their First Amendment free speech rights.
The city had no written policies or clear internal guidance about flag-raising, Liberty Counsel said.
That may soon change. Three City Councilors, with the support of Mayor Michelle Wu, filed an ordinance Tuesday to update the process for raising flags.
“Under the new process, a City Council resolution or mayoral proclamation will be required for a flag to be raised,” they said in a statement. “The proposed ordinance will enable the city to continue to celebrate flag raisings while complying with the recent U.S. Supreme Court decision on the city’s previous process, which clarified the affirmative role required of the city government in maintaining the flag pole as a site for expressing the city’s values and ideals.” | https://www.pahomepage.com/news/national/christian-flag-in-speech-battle-flies-briefly-over-boston/ | 2022-08-04T21:12:58Z | https://www.pahomepage.com/news/national/christian-flag-in-speech-battle-flies-briefly-over-boston/ | true |
WASHINGTON — WNBA All-Star Brittney Griner was convicted and sentenced to nine years in prison for drug possession and smuggling Thursday.
The 31-year-old Griner, a two-time U.S. Olympic champion and a eight-time all-star with the WNBA’s Phoenix Mercury, listened with a blank expression as an interpreter translated the verdict by Judge Anna Sotnikova, but her lawyers said later she was “very upset.” Griner also was fined 1 million rubles (about $16,700).
Here are reactions from around the basketball and political realms:
President Joe Biden:
“Today, American citizen Brittney Griner received a prison sentence that is one more reminder of what the world already knew: Russia is wrongfully detaining Brittney. It’s unacceptable, and I call on Russia to release her immediately so she can be with her wife, loved ones, friends, and teammates. My administration will continue to work tirelessly and pursue every possible avenue to bring Brittney and Paul Whelan home safely as soon as possible." — President Joe Biden said.
WBNA Commissioner Cathy Engelbert and NBA Commissioner Adam Silver:
“Today’s verdict and sentencing is unjustified and unfortunate, but not unexpected and Brittney Griner remains wrongly detained. The WNBA and NBA’s commitment to her safe return has not wavered and it is our hope that we are near the end of this process of finally bringing BG home to the United States.” — WNBA Commissioner Cathy Engelbert and NBA Commissioner Adam Silver said in a joint statement.
House Speaker Nancy Pelosi:
“The wrongful detainment and unjust sentencing of Brittney Griner are brazen and unacceptable violations of the rule of law by Putin. Russia must release her immediately.” — House Speaker Nancy Pelosi said in a statement.
Lindsay Kagawa Colas:
“Today’s sentencing of Brittney Griner was severe by Russian legal standards and goes to prove what we have known all along, that Brittney is being used as a political pawn. We appreciate and continue to support the efforts of (at)POTUS and (at)SecBlinken to get a deal done swiftly to bring Brittney, Paul and all Americans home. Bringing Brittney and Paul home is the sole objective, and as such, we should use all available tools. We must remain focused and unified. This is a time for compassion and a shared understanding that getting a deal done to bring Americans home will be hard, but it is urgent and it is the right thing to do." — Brittney Griner's longtime agent, Lindsay Kagawa Colas, tweeted.
Phoenix Mercury teammate Brianna Turner:
“Thinking of BG and how much light she relentlessly brought to everyone around her. Even after sentencing is complete I hope (at)POTUS & (at)WhiteHouse will continue to do everything in their power to bring Brittney Griner & all other Americans detained abroad home.” — Phoenix Mercury teammate Brianna Turner tweeted.
Phoenix Mercury team:
“While we knew it was never the legal process that was going to bring our friend home, today’s verdict is a sobering milestone in the 168-day nightmare being endured by our sister, BG. We remain heartbroken for her, as we have every day for nearly six months. We remain grateful to and confident in the public servants working every day to return her to her family and us. We remain faithful the Administration will do what it takes to end her wrongful detention. We are inspired every day by BG’s strength and we are steadfastly committed to keeping her top-of-mind publicly until she is safely back on American soil. We will not allow her to be forgotten. We are BG.” — the Phoenix Mercury said in a statement.
WNBA Players Association:
“Today’s verdict and sentence, while inevitable, is disappointing. The unjust decision today is what it is, unjust. It is a terrible blow . Whatever conversations Secretary Blinken and his Russian counterpart need to have, we trust that they are having them will all deliberate speed. Because it’s time. It’s just time." — WNBA Players Association said in a statement. | https://www.5newsonline.com/article/news/nation-world/reactions-brittney-griner-russia-sentence/507-9f307bed-1196-44fb-bfc1-7780a71a31c1 | 2022-08-04T21:13:33Z | https://www.5newsonline.com/article/news/nation-world/reactions-brittney-griner-russia-sentence/507-9f307bed-1196-44fb-bfc1-7780a71a31c1 | false |
You need to enable JavaScript to run this app. | https://sportspyder.com/cf/lsu-tigers-football/articles/40291350 | 2022-08-04T21:14:40Z | https://sportspyder.com/cf/lsu-tigers-football/articles/40291350 | false |
GLENDALE, Calif. (AP) _ Public Storage (PSA) on Thursday reported a key measure of profitability in its second quarter. The results exceeded Wall Street expectations.
The Glendale, California-based real estate investment trust said it had funds from operations of $704 million, or $3.99 per share, in the period.
The average estimate of eight analysts surveyed by Zacks Investment Research was for funds from operations of $3.92 per share.
Funds from operations is a closely watched measure in the REIT industry. It takes net income and adds back items such as depreciation and amortization.
The company said it had net income of $603.4 million, or $3.42 per share.
The self-storage facility real estate investment trust, based in Glendale, California, posted revenue of $1.03 billion in the period, also surpassing Street forecasts. Four analysts surveyed by Zacks expected $1.02 billion.
Public Storage expects full-year funds from operations in the range of $15 to $15.70 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 PSA at https://www.zacks.com/ap/PSA | https://www.seattlepi.com/business/article/Public-Storage-Q2-Earnings-Snapshot-17352291.php | 2022-08-04T21:15:32Z | https://www.seattlepi.com/business/article/Public-Storage-Q2-Earnings-Snapshot-17352291.php | false |
On this episode of Your Financial Choices, Laurie Siebert answers audience questions and discusses this evening's topic: "2022 Tax Changes and Proposed Changes."
Tune in to Your Financial Choices every Wednesday from 6:00 to 7:00 PM following All Things Considered.
(Original air-date: 8/3/22) | https://www.wdiy.org/podcast/your-financial-choices/2022-08-04/2022-tax-changes-and-proposed-changes-your-financial-choices | 2022-08-04T21:16:58Z | https://www.wdiy.org/podcast/your-financial-choices/2022-08-04/2022-tax-changes-and-proposed-changes-your-financial-choices | false |
UNITED NATIONS (AP) — The United Nations chief said Wednesday he is appointing a fact-finding mission in response to requests from Russia and Ukraine to investigate the killings at a prison in a separatist region of eastern Ukraine that the warring nations accuse each other of carrying out.
Secretary-General Antonio Guterres told reporters he doesn’t have authority to conduct criminal investigations but does have authority to conduct fact-finding missions, and the terms of reference for a mission to Ukraine are currently being prepared and will be sent to the governments of Ukraine and Russia for approval.
Russia claimed that Ukraine’s military used U.S.-supplied rocket launchers to strike the prison in Olenivka, a settlement controlled by the Moscow-backed Donetsk People’s Republic. Separatist authorities and Russian officials said the attack killed 53 Ukrainian POWs and wounded another 75.
The Ukrainian military denied making any rocket or artillery strikes in Olenivka. The intelligence arm of the Ukrainian defense ministry claimed in a statement Wednesday to have evidence that local Kremlin-backed separatists colluded with the Russian FSB, the KGB’s main successor agency, and mercenary group Wagner to mine the barrack before “using a flammable substance, which led to the rapid spread of fire in the room.”
The Ukrainian military on Tuesday likewise claimed that the barrack had been blown up from the inside, citing the nature of damage which it said was inconsistent with Russian claims that Ukraine had shelled the building. It was not immediately possible to verify these claims.
Secretary-General Guterres said he took the requests from Russia and Ukraine for a U.N. investigation of last Friday’s deadly incident “very seriously” and expressed hope that both countries will agree to the terms of reference. At the same time, he said, the U.N. is looking for “competent, independent people” to take part in the mission.
The U.N. chief also expressed hope the warring countries will facilitate the mission’s access and provide the data required “to clarify the truth about what happened.”
The Ukrainian POWS at the Donetsk prison included troops captured during the fall of Mariupol. They spent months holed up with civilians at the giant Azovstal steel mill in the southern port city. Their resistance during a relentless Russian bombardment became a symbol of Ukrainian defiance against Russia’s aggression.
More than 2,400 soldiers from the Azov Regiment of the Ukrainian national guard and other military units gave up their fight and surrendered under orders from Ukraine’s military in May.
Scores of Ukrainian soldiers have been taken to prisons in Russian-controlled areas. Some have returned to Ukraine as part of prisoner exchanges with Russia, but other families have no idea whether their loved ones are still alive, or if they will ever come home.
Ukraine’s defense ministry claimed Wednesday that Ukrainian captives at the prison had been subject to “bullying, physical humiliation, and psychological demoralization” in an attempt to coerce them into starring in pro-Russian propaganda videos.
“Ukrainian prisoners showed exceptional courage and invincible willpower,” the ministry said, alleging that Moscow and the separatists did not intend to include the captives in an exchange, and opted to “deliberately destroy” them, in order to hide signs of torture which could serve as evidence in international criminal proceedings. It did not immediately disclose how it had arrived at this assessment. | https://www.wfla.com/news/international/ap-international/un-fact-finding-mission-will-probe-ukraine-prison-killings/ | 2022-08-04T21:17:24Z | https://www.wfla.com/news/international/ap-international/un-fact-finding-mission-will-probe-ukraine-prison-killings/ | false |
Mahmuda gets USAID's Laura W Bush Award
Mahmuda Rahman Khan has been chosen as the recipient of USAID's Laura W Bush Award for Excellence in the Advancement of Global Women's Equality, USAID Bangladesh made the announcement on Tuesday.
Mahmuda is USAID's longest-serving gender advisor in Asia -- and likely in the rest of the world.
She has 17 years of dedicated, exemplary service.
Mahmuda's many achievements include fostering collaboration with the government of Bangladesh (GOB) and other stakeholders to advance women's empowerment, helping the GOB develop its National Action Plan on Violence Against Women, integrating gender in its various Five Year Plans, initiating the Embassy's first-ever celebration of International Women's Day in 2006 -- and every year since.
Mahmuda has worked tirelessly working to build the capacity of USAID and Embassy staff, as well as USAID partners, to integrate gender into their work.
"Congratulations, Mahmuda! We are so proud of you and grateful for your contributions to USAID and Embassy Dhaka -- and to gender equality in Bangladesh," USAID Bangladesh said in a Facebook post. | https://www.tbsnews.net/bangladesh/mahmuda-gets-usaids-laura-w-bush-award-470290 | 2022-08-04T21:18:05Z | https://www.tbsnews.net/bangladesh/mahmuda-gets-usaids-laura-w-bush-award-470290 | false |
(NerdWallet) – Equifax, one of the three major credit bureaus, announced that a computer coding error resulted in the miscalculation of credit scores for consumers in a three-week period between March 17 and April 6. For 300,000 consumers, the error shifted credit scores as much as 25 points. The changes to credit scores did not show up on credit reports, Equifax said in a press release.
While the error caused scores to shift in positive and negative directions, a 25-point drop in your credit score could do some major financial damage, especially if you’re on the cusp of one of the credit bands. For some consumers, that could mean less access to financial services and products like car loans and home mortgages, as well as credit cards with good terms.
We spoke to credit experts and consumer advocates to nail down what you should be doing in the wake of this Equifax error. From checking your credit score to contacting lenders, we’ve got you covered.
How to tell if you were affected
It might not be easy to determine if you were affected by this Equifax error. “To the naked eye, a consumer would never know they were impacted, to the good or to the bad,” credit expert John Ulzheimer said in an email.
Equifax says it’s “collaborating with our customers to determine the actual impact to consumers,” although it’s unclear how or when they will notify the impacted customers, if at all.
“This is not the consumer’s fault,” says Chi Chi Wu, an attorney at the National Consumer Law Center. “And it is outrageous that an error by Equifax harmed consumers and now they have to go back and fix it.”
Next steps for consumers
Follow these steps to help safeguard your score in the wake of the Equifax error:
Review any notices related to denied applications during this period
If you applied for a car or home loan or a credit card between March 17 and April 6 and your application was denied or you had to pay more — potentially as a result of this miscalculated score — you might have some recourse if you received one of the documents below:
Adverse action notice: If your application was denied, you should have received an adverse action notice. Federal law requires creditors to tell you why your application was denied and which bureau they got their information from, so it’s important to review this letter to understand better if the coding error impacted you.
If you were declined “because of things that showed up on your credit report, if it has to do with your credit score in some way, shape or form, then it’s worth going back and pulling a copy of your credit report and your credit score,” says Bruce McClary, senior vice president of communications for the National Foundation for Credit Counseling. It’s also worth “finding out what credit score the creditor was using to evaluate you,” he says.
Risk-based pricing notice: If you applied for a loan or credit card during this period and were given less favorable terms (e.g., higher interest rates), you should have received a risk-based pricing notice.
If consumers applied for a credit card or loan during this time and did not get one of these two notices, then, according to Ulzheimer, “they were not denied and they were not adversely approved with disadvantaged terms.”
Check your Equifax credit report
Checking your credit report should be your next step. Here, you’re looking to see if a hard inquiry — or a request to check your credit — shows up. This “hard pull” is confirmation that you applied for credit during the three-week time frame when the error went undetected by Equifax.
Disputing the error with Equifax is not an option since the miscalculated scores did not appear on credit reports. “There wasn’t an error on their Equifax credit reports that required an investigation and correction,” Ulzheimer said. “This was a programming error that wasn’t impacted by how a consumer acted or paid their bills.”
Contact your lender and Equifax
If affected, contact your lender and ask it to reassess your application or loan terms.
Getting rate changes on a credit card will be easier than changing the terms of a mortgage or car loan, according to Wu.
If you believe you may have been affected, you can also try calling Equifax’s customer service at 1-888-378-4329.
Be on the lookout for a message from Equifax
Keep an eye out for further communications from Equifax. “The onus is on the credit bureau to notify the people who were impacted and provide some course of action that people can take to address any issues that stemmed from this mishap,” McClary says. | https://who13.com/news/national-news/what-equifaxs-credit-score-miscalculations-mean-for-consumers/ | 2022-08-04T21:21:08Z | https://who13.com/news/national-news/what-equifaxs-credit-score-miscalculations-mean-for-consumers/ | false |
Air Lease quarterly profit rises on travel rebound
Aug 4 (Reuters) - Aircraft lessor Air Lease Corp on Thursday reported a rise in second-quarter profit as a rebound in travel drove demand for its jets.
Airlines looking to capitalize on the faster-than-expected recovery are fueling demand for the lessor's new and young-used aircraft, supporting higher lease rates and boosting the value of the jets in its fleet.
"Aircraft shortages and concerns about future new aircraft delivery delays are causing many airlines to secure lease extensions on existing aircraft," said Chief Executive Officer John Plueger.
Last quarter, the leasing giant had warned of a potential shortage of commercial jets as top planemakers Boeing Co and Airbus SE faced stretched supply chains and certification risks, delaying deliveries.
Air Lease Chairman Steven Udvar-Házy said the company is getting more lease agreements.
It reported net profit of $105.9 million, or 95 cents per share, in the three months ended June 30, compared with a profit of $85.6 million, or 75 cents per share, a year earlier.
Revenue rose 13.4% to $557.7 million in the quarter. (Reporting by Aishwarya Nair in Bengaluru; Editing by Devika Syamnath) | https://www.dailymail.co.uk/wires/reuters/article-11082317/Air-Lease-quarterly-profit-rises-travel-rebound.html?ns_mchannel=rss&ns_campaign=1490&ito=1490 | 2022-08-04T21:21:51Z | https://www.dailymail.co.uk/wires/reuters/article-11082317/Air-Lease-quarterly-profit-rises-travel-rebound.html?ns_mchannel=rss&ns_campaign=1490&ito=1490 | true |
Happy Birthday to Meghan Markle! The Duchess of Sussex turns 41 on Thursday and is already receiving warm wishes from her in-laws in the royal family.
Prince William and Kate Middleton shared a photo of a smiling Megan in a white hat and coat on Twitter, along with the message, "Wishing a happy birthday to The Duchess of Sussex!"
Prince Charles and Camilla, Duchess of Cornwall also posted, "Happy birthday to The Duchess of Sussex!"
Since Meghan's marriage to Prince Harry in 2018, her relationship with the royals hasn't always been smooth. Royal expert Katie Nicholl told ET in June that there had been a recent effort to mend fences within the family dynamic, particularly with the welcoming of Meghan and Harry's two young children.
Charles and Camilla had an emotional meeting with Archie, 3, and Lillibet, 1, earlier this summer amid Queen Elizabeth II's Platinum Jubilee celebrations. It was the first time Charles had seen Archie in some time and the very first time he met Lilli.
"I think a lot of people don't don't see Charles as a doting grandfather, but he absolutely is," Nicholl told ET. "He's spent more time in recent years with the Cambridge grandchildren and he's very, very keen to have a close relationship with Meghan and Harry's children."
According to Nicholl, Charles deeply treasures "these times with his grandchildren" and he is "quite sad that there aren't enough of them with Archie and Lilibet" since Harry and Meghan relocated to California in 2020.
"I do know that Charles absolutely wants to start healing that fractured relationship with Harry," Nicholl said, adding that the private meeting was likely "very much the beginning" of his efforts and "paved the way for some more conciliatory talks."
"He loves his son but he wants to forgive his son for everything. He wants to repair that relationship and move on," Nicholl said. "A big part of that is him wanting to be a grandfather and see those grandchildren. It may mean a few more transatlantic trips, but he wants to enjoy this experience."
For more on the royals, watch below.
RELATED CONTENT: | https://www.wfaa.com/article/entertainment/entertainment-tonight/meghan-markle-receives-birthday-wishes-from-royal-family-members/603-c2542250-426f-4a23-9455-68e8a0363481 | 2022-08-04T21:23:33Z | https://www.wfaa.com/article/entertainment/entertainment-tonight/meghan-markle-receives-birthday-wishes-from-royal-family-members/603-c2542250-426f-4a23-9455-68e8a0363481 | true |
MILPITAS, Calif., Aug. 4, 2022 /PRNewswire/ -- The KLA Corporation (NASDAQ: KLAC) board of directors today declared a quarterly cash dividend of $1.30 per share on its common stock, payable on Sept. 1, 2022, to KLA shareholders of record as of the close of business on Aug. 15, 2022.
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About KLA:
KLA Corporation ("KLA") develops industry-leading equipment and services that enable innovation throughout the electronics industry. We provide advanced process control and process-enabling solutions for manufacturing wafers and reticles, integrated circuits, packaging, printed circuit boards and flat panel displays. In close collaboration with leading customers across the globe, our expert teams of physicists, engineers, data scientists and problem-solvers design solutions that move the world forward. Investors and others should note that KLA announces material financial information including SEC filings, press releases, public earnings calls and conference webcasts using an investor relations website (ir.kla.com). Additional information may be found at: www.kla.com (KLAC-F).
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SOURCE KLA Corporation | https://www.weau.com/prnewswire/2022/08/04/kla-declares-regular-cash-dividend/ | 2022-08-04T21:24:42Z | https://www.weau.com/prnewswire/2022/08/04/kla-declares-regular-cash-dividend/ | true |
Thursday was a scorcher no doubt as ample hazy sunshine combined with high humidity and afternoon high temperatures soaring into the mid 90s. With the humidity factored in, many felt like they were around or just above 100 degrees during the afternoon. Interestingly enough, as of 3pm Thursday afternoon, our high temperatures so far have fallen a little short of the record highs. We still have a couple hours left however where things may heat up a little more, so we'll keep an eye on those numbers. A cold front slowly approaching from our north and west is starting to touch off a couple showers and thunderstorms and we’ll allow for a few of these early on this evening. Chances will increase the next couple days for scattered showers and thunderstorms as the aforementioned cold front moves closer and stalls out across the region. The more unsettled pattern combined with more cloud cover will help to knock temperatures down a little, however the humidity will remain quite high. The stalled front stays with us into the weekend keeping storm chances in the forecast, with Saturday featuring a better chance to see anything compared to Sunday. We’ll keep the high humidity around into next week with just an isolated storm chance on Monday followed by a greater chance for storms late Tuesday into Wednesday as another cold front approaches from the north and west clashing with the humid air. We are looking at a pretty classic summery pattern of heat, humidity, and t-storms for quite some time.
DETAILED FORECAST
TONIGHT
Initially this evening we’ll need to keep an eye to the sky for a few showers and thunderstorms as some spotty activity fired up out in central Pennsylvania earlier Thursday afternoon and is now advancing eastward. Many will likely stay dry this evening and tonight, however a few locations early on may see a gusty thunderstorm with torrential downpours. While severe concerns are very much at a minimum, given all the heat and humidity we’ve seen, the atmosphere is still very unstable and that may lead to some brief damaging wind gusts with any storm along with downpours that lead to flooding. Other than our early storm chance tonight, expect skies to be partly cloudy with a muggy feel to the air and overnight low temperatures only dropping to the low 70s.
FRIDAY
A cold front to our north and west will move into the region for Friday leading to cloudier skies, yet still a bit of hazy sunshine, as humidity values remain quite high. With the limited sunshine at least, it won’t be as hot as Thursday with highs dropping to around 90 degrees. Never-the-less, with the humidity factored in, it will still feel like it’s several degrees into the 90s, and a few spots south of the Lehigh Valley may still see the heat index approach 100 degrees during the afternoon. The clash of the cold front with the humid air will produce more widely scattered showers and thunderstorms, primarily Friday afternoon and early Friday evening. Similar to Thursday evening, severe concerns will be low, but a couple storm cells may produce strong winds and flooding downpours.
THE WEEKEND
The cold front that moves in on Friday will stall out across the region and linger into our weekend making for an unsettled start. While Saturday shouldn’t be a washout, we can expect clouds and limited sunshine along with a few hit-or-miss showers and thunderstorms, primarily during the PM hours. At least with this unsettled pattern and increasing cloud cover, temperatures will continue to get knocked down as highs Saturday are expected to be seasonable in the upper 80s. It will still be quite humid regardless. Our stalled front is expected to wash out on Sunday meaning that day is likely a bit sunnier and drier, although we still can’t entirely rule out a stray afternoon/early evening shower or thunderstorm. With more sunshine expected Sunday, high temperatures look to rebound a little climbing back to around 90 degrees. Storm chances over the weekend, just like the end of the week, have very limited severe concerns, but could still produce an isolated cell with damaging wind gusts and flooding downpours.
MONDAY AND TUESDAY NEXT WEEK
The new work week likely starts off mainly dry on Monday as any leftover energy from the stalled front over the weekend completely fizzles out. Bermuda high pressure will flex its muscles again, and we’ll likely see another hazy, hot, and humid day Monday with a southwesterly wind flow as afternoon highs reach the low to mid 90s. With the humidity remaining high, the atmosphere also will remain unstable, and that means we can’t entirely rule out a stray PM shower or thunderstorm Monday. But there won’t be any organized storms systems for forcing moving in Monday, so most will likely not see any storms. On Tuesday however, another cold front is expected to drop in from our north and west, and this will likely lead to an uptick in scattered showers and thunderstorms late in the day as that high humidity is not going anywhere anytime soon. Out ahead of the cold front Tuesday, southwesterly wind flow will continue to pump in the heat keeping high temperatures in the low to mid 90s. It does appear by mid to late week, temperatures will drop off drastically through the 80s as we get behind the aforementioned cold front.
TRACK THE WEATHER: | https://www.wfmz.com/weather/not-as-hot-the-next-several-days-but-still-humid-with-a-few-thunderstorms/article_d7d2ca46-142d-11ed-a73e-5b425be28890.html | 2022-08-04T21:27:16Z | https://www.wfmz.com/weather/not-as-hot-the-next-several-days-but-still-humid-with-a-few-thunderstorms/article_d7d2ca46-142d-11ed-a73e-5b425be28890.html | false |
KYIV, Ukraine (AP) — Russian forces shelled a Ukrainian city close to Europe’s biggest nuclear power plant Thursday, reinforcing warnings from the U.N. nuclear chief that the fighting around the site could lead to a disastrous accident.
Dnipropetrovsk’s regional governor said Russia fired 60 rockets at Nikopol, across the Dnieper River from the Zaporizhzhia nuclear plant, which has been under Russian supervision since Moscow’s troops seized it early in the war.
Some 50 residential buildings were damaged in the city of 107,000, and residents were left without electricity, Valentyn Reznichenko wrote on Telegram.
Rafael Grossi, director general of the International Atomic Energy Agency, had warned on Tuesday that the situation was becoming more perilous daily at the Zaporizhzhia plant in the city of Enerhodar.
“Every principle of nuclear safety has been violated” at the plant, he said. “What is at stake is extremely serious and extremely grave and dangerous.”
He expressed concern about the way the plant is being operated and the danger posed by the fighting going on around it. He cited shelling at the beginning of the war when it was taken over and continuing instances of Ukraine and Russia accusing each other of attacks there.
Experts at the U.S.-based Institute for the Study of War said they believe Russia is shelling the area intentionally, “putting Ukraine in a difficult position.”
“Either Ukraine returns fire, risking international condemnation and a nuclear incident — which Ukrainian forces are unlikely to do — or Ukrainian forces allow Russian forces to continue firing on Ukrainian positions from an effective ‘safe zone,’” the think tank said.
The Russian capture of Zaporizhzhia renewed fears that the largest of Ukraine’s four nuclear power plants could be damaged, setting off an emergency like the 1986 Chernobyl accident, the world’s worst nuclear disaster, which happened about 110 kilometers (65 miles) north of the capital, Kyiv.
Also in the Zaporizhzhia region, Russian Defense Ministry spokesman Lt. Gen. Igor Konashenkov said the Russian military struck two Ukrainian munitions depots near the village of Novoivanivka and a fuel depot near the Zaporizhzhia railway station.
In northern Ukraine, the country’s second-largest city, Kharkiv, was shelled by the Russians, Ukraine’s presidential office said. Several industrial sites were hit in the city, which has been a frequent target. In the nearby city of Chuhuiv, a rocket hit a five-story residential building.
Fighting continued in the fiercely contested Donetsk region in the east, with Ukrainian authorities saying a school was destroyed in the village of Ocheretyne. The attacks have disrupted supplies of gas, water and power, and the region’s residents are being evacuated.
In the town of Toretsk, artillery shells hit a bus stop, a church and apartment buildings, killing at least eight people, regional Gov. Pavlo Kyrylenko said.
In the city of Donetsk, Russian-backed separatist authorities accused Ukrainian forces of shelling the central part of the city Thursday. The area hit was near a theater where a farewell ceremony for a prominent separatist officer killed a few days ago was being held. Donetsk Mayor Alexei Kulemzin said six people were killed.
Mykhailo Podolyak, an adviser to Ukrainian President Volodymyr Zelenskyy, denied Ukrainian involvement. He alleged, without offering evidence, that Russian or separatist forces were responsible for the shelling.
Russia and Ukraine have repeatedly accused each other of firing on territories under their own control.
Russian forces have already seized the Luhansk region that neighbors Donetsk. Its Ukrainian governor, Serhiy Haidai, said on social media that local residents are being mobilized by the Russian side to fight against Kyiv’s forces and that “even indispensable mine workers are being taken.”
Ukrainian authorities reported another abduction of a mayor who reportedly refused to collaborate with the Russians in the southern Kherson region, which is also almost entirely occupied.
The reported kidnapping of Serhiy Lyakhno, mayor of the village of Hornostaivka, comes as Russia amasses more troops in the area in anticipation of a counteroffensive by Kyiv and ahead of a planned referendum on the region becoming part of Russia.
___
Follow AP’s coverage of the Russia-Ukraine war at https://apnews.com/hub/russia-ukraine | https://www.ksn.com/news/national-world/ap-international/ukrainian-cities-shelled-including-one-near-nuclear-plant/ | 2022-08-04T21:27:43Z | https://www.ksn.com/news/national-world/ap-international/ukrainian-cities-shelled-including-one-near-nuclear-plant/ | true |
Laundry Scent Booster Market To Benefit from Rapid Technological Advancements During Forecast Period 2022 – 2031 : Fact.MR
Posted on 2022-08-04 by Fact.MR in Consumer Services // 0 Comments
Fact.MR has prepared and presented a research report on the Global Laundry Scent Booster Market and has made optimum utilization of various multi-disciplinary approaches to arrive at the estimates and conclusions that have been shared in the report. The Global Laundry Scent Booster Market has been prepared for a period of forecast that extends from 2021 to 2031. Offering an in-depth analysis of the major opportunities of growth and key prospects in the estimation year, the report has been drawn up a team of seasoned analysts who have meticulously assessed all the factors pertaining to the market. The report also explains vividly the prevailing dynamics of growth in the market over the assessment period, 2021 to 2031.
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To understand of the competitive landscape in the Global Laundry Scent Booster Market better, the report covers the profile of the following top players:
Kyowa Kirin, Inc., Pfizer Inc., GlaxoSmithKline plc., AbbVie Inc. (Allergan plc), Merck & Co., Inc., Bausch Health Companies Inc., Novartis AG, Ono Pharmaceutical Co., Ltd., Camurus AB, Heron Therapeutics, Inc.
In an effort to provide the users of this report with a comprehensive view of the Global Laundry Scent Booster Market, experts have included an elaborate discussion on the competitive scenario and product portfolio of each of the key vendors spread across various geographies. The report study also makes inclusion of SWOT analysis and PESTEL analysis of the said industry. The study incorporates a market attractiveness analysis, in which all of the segments have been benchmarked based on their growth rate, market size, and general attractiveness in terms of incremental value growth and investment opportunity.
GLOBAL LAUNDRY SCENT BOOSTER MARKET SEGMENTATION
- Use Case:
- In-wash Laundry Scent Boosters
- After-wash Laundry Scent Boosters
- Fragrance:
- Floral Laundry Scent Boosters
- Fresh Laundry Scent Boosters
- Apple Laundry Scent Boosters
- Lavender Laundry Scent Boosters
- Linen Laundry Scent Boosters
- Vanilla Laundry Scent Boosters
- Wood Laundry Scent Boosters
- Others
- Form:
- Laundry Scent Booster Beads
- Laundry Scent Booster Crystals
- Laundry Scent Booster Pacs
- Laundry Scent Booster Liquid
- Laundry Scent Booster Sprays
- Laundry Scent Booster Powder
- Claim (% demand assessment):
- No Artificial Additives
- Biodegradable
- Cruelty-free
- Recyclable
- Natural
- Vegan
- Paraben-free
- Packaging Type:
- Laundry Scent Booster Bottles
- Laundry Scent Booster Tubs
- Laundry Scent Booster Sachets/Pouches
- Sales Channel:
- Offline Sales of Laundry Scent Boosters
- Modern Trade
- Convenience Stores
- Discount Stores
- Multi Brand Stores
- Mom and Pop Stores
- Drug Stores
- Independent Retailers
- Other Sales Channels
- Online Sales of Laundry Scent Booster
- Company Websites
- Third-party Online Sales
- Offline Sales of Laundry Scent Boosters
The global Laundry Scent Booster market report covers the following regions:
- North America (U.S., Canada)
- Latin America (Mexico, Brazil)
- Western Europe (Germany, Italy, France, U.K, Spain)
- Eastern Europe (Poland, Russia)
- Asia Pacific (China, India, ASEAN, Australia & New Zealand)
- Japan
- The Middle East and Africa (GCC Countries, S. Africa, Northern Africa)
Authors have carefully dissected the prevailing competitive scenario and vendor landscape of the global Laundry Scent Booster market so as to help the vendors gain upper hand over their competitors in the market. A thorough analysis of the emerging competitive trends has been incorporated in this report.
The study makes an all-out effort to analyze the trends prevalent in the market and how each of these trends could present lucrative scope for investment from various end-use sectors and subsequently bolster revenue of the market over the forecast tenure.
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- Most rapidly expanding region and the top revenue-generating region.
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This report gives you access to decisive data such as:
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Decisive Information Enclosed in the report:
- The scenario of the global Laundry Scent Booster market in different regions
- Current market trends influencing the growth of the Laundry Scent Booster market
- Factors expected to hinder the growth of the global Laundry Scent Booster market
- Micro and macro-economic factors shaping the growth of the market in different regions
- Key strategies adopted by players to gain a competitive edge in the Laundry Scent Booster market.
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- Digi Communications N.V. announces the extraordinary general meeting’s resolution from 4 November 2021, approving the appointment of KPMG N.V. as the Company’s statutory auditor for the 2021 financial year
- Digi Communications N.V. announces The solution reached by the Bucharest Court of Appeal regarding the investigation conducted by the Romanian National Anticorruption Directorate with respect to RCS & RDS S.A., Integrasoft S.R.L. and certain of their directors
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- Digi Communications N.V. Announces the Convocation of the Company’s Extraordinary General Meeting of Shareholders on 4 November 2021 in order to appoint KPMG N.V. as the Company’s new statutory auditor for the financial year 2021
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- Digi Communications N.V. announces the exercise of stock options by the Executive Director of the Company pursuant to the decision of the Company’s general meeting of shareholders dated 30 April 2020 and in accordance with the stock option plan approved at the level of the Company in 2017
- New research unlocks long tail growth opportunity for the tech industry
- Digi Communications NV announces the availability of the instructions on the 2020 share dividend payment
- Digi Communications NV announces that conditional stock options were granted to several Directors of the Company based on the approval of the general meeting of shareholders from 18 May 2021
- Digi Communications N.V. Announces the Company’s General Shareholders Meeting resolutions adopted on 18 May 2021 approving, amongst others, the 2020 Annual Accounts
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- Amendment of Digi Communications N.V. Financial Calendar for 2021
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- Eurekos, ein klassenbester LMS-Anbieter, hat seine Position im renommierten Fosway 9-Grid™ für Lernsysteme verbessert
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- Digi Communications N.V. announces Share transaction made by an executive director of the Company with class B shares
- Digi Communications N.V.: Announces an Amendment to the Financial Calendar for 2021
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- Digi Communications NV announces the release of the 2020 Preliminary Financial Results
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- A URSAPHARM Arzneimittel e a CEBINA anunciam uma parceria com vista a reaproveitar o anti-histamínico azelastina para combater a COVID-19
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- Henrik Stampe Appointed CEO for Mono Solutions
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- What COVID-19 has taught us about manufacturing & the importance of a digital online marketplace
- Digi Communications N.V. announces: the Supreme Court of Hungary dismissed the Company’s appeal related to the 5G Tender procedure
- Customer Data Platform Industry to Reach $1.5 Billion in 2021: CDP Institute Report
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- Digi Communications NV announces: Final dismissal by the US Court of the claim brought by certain US citizens against all the initial defendants, including i-TV Digitális Távközlési Zrt
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- Digi Communications NV announces the release of the Q1 2020 Financial Results
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- Digi Communications N.V.: GSM resolutions from 30 Apr 2020 approving, amongst others, the 2019 Annual Accounts; availability of the adopted Annual Financial Report for the year ended Dec 31, 2019 for the Group
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- Notification shares buy-back: DIGI COMMUNICATIONS N.V. reports to the regulated market the transactions which occurred under the DIGI symbol, 13 – 17 Apr 2020
- PayPerHead® Steps Up To Help Small Business Owners
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- Notification shares buy-back: DIGI COMMUNICATIONS N.V. reports to the regulated market the transactions which occurred under the DIGI symbol, 6 – 10 Apr 2020
- DIGI COMMUNICATIONS N.V.: Exercise of stock option by a Non-Executive Director of the Company
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- Chief Commercial Officer joins Mono Solutions
- Notification shares buy-back: DIGI COMMUNICATIONS N.V. reports to the regulated market the transactions which occurred under the DIGI symbol, 23 – 27 Mar 2020
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- Notification shares buy-back: DIGI COMMUNICATIONS N.V. reports to the regulated market the transactions which occurred under the DIGI symbol, 16 – 20 Mar 2020
- Integrated Services Monitoring Capability Launched by Bridge Technologies
- Digi Communications N.V. announces Convocation of the Company’s general shareholders meeting for 30 April 2020 for the approval of, among others, the 2019 Annual Report and of the 2019 Financial Statements
- Digi Communications N.V. announces The Hungarian Competition Council’s decision to issue a new decision approving the Invitel transaction
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- Notification shares buy-back: DIGI COMMUNICATIONS N.V. reports to the regulated market the transactions which occurred under the DIGI symbol, 9 – 13 Mar 2020
- Reporting of legal documents concluded by DIGI Communications N.V. in February 2020 or in other period but effective in February 2020, in accordance with article 82 of Law no. 24/2017 and FSA Regulation no. 5/2018
- Notification shares buy-back: DIGI COMMUNICATIONS N.V. reports to the regulated market the transactions which occurred under the DIGI symbol, 2 – 6 Mar 2020
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- EH GROUP ENGINEERING awarded EU Horizon 2020
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- Digi Communications NV announces the release of the Preliminary Financial Results for year ended 31 December 2019
- Notification shares buy-back: DIGI COMMUNICATIONS N.V. reports to the regulated market the transactions which occurred under the DIGI symbol, 10 – 14 Feb 2020
- Reporting of legal documents concluded by DIGI Communications N.V. in January 2020 or in other period but effective in January 2020, in accordance with article 82 of Law no. 24/2017 and FSA Regulation no. 5/2018
- Digi Communications NV announces Investor Call on the Preliminary Financial Results for the year ended 31 December 2019
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- Notification shares buy-back: DIGI COMMUNICATIONS N.V. reports to the regulated market the transactions which occurred under the DIGI symbol, 3–7 Feb 2020
- Digi Communications N.V. hereby reports successful closing of the offering of senior secured notes by RCS & RDS S.A., its Romanian subsidiary
- Notification shares buy-back: DIGI COMMUNICATIONS N.V. reports to the regulated market the transactions which occurred under the DIGI symbol, 27 – 31 Jan 2020
- Digi Communications N.V.: Independent Limited Assurance Report issued by the external auditor on 30 Jan 2020 regarding the information included in the current reports under Law 24/2017 (Article 82) and FSA Regulation no. 5/2018
- Digi Communications N.V.: Rectification of the report published on 15 Jan 2020, regarding legal documents concluded by DIGI COMMUNICATIONS N.V. in other periods but effective in Dec 2019, in accordance with article 82 of Law no. 24/2017 and FSA Regulation no. 5/2018
- Digi Communications N.V. reports the upsize and successful pricing of the offering of senior secured notes by RCS & RDS S.A., its Romanian subsidiary
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- Notification shares buy-back: DIGI COMMUNICATIONS N.V. reports to the regulated market the transactions which occurred under the DIGI symbol, 20 – 24 Jan 2020
- Digi Communications N.V.: (i) launch of an offering by RCS & RDS S.A. of senior secured notes; (ii) issuance of a notice of conditional full redemption of all outstanding €550.0m 5.0% senior secured notes due 2023 issued by the Company and (iii) restatement by the Company of its unaudited interim condensed consolidated financial statements for the 9-month period ended 30 Sep 2019
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- Reporting of legal documents concluded by DIGI Communications N.V. in December 2019 or in other period but effective in December 2019, in accordance with article 82 of Law no. 24/2017 and FSA Regulation no. 5/2018
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- Reporting of legal documents concluded by DIGI Communications N.V. in November 2019 or in other period but effective in November 2019, in accordance with article 82 of Law no. 24/2017 and FSA Regulation no. 5/2018
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- XPAND has launched “XPAND Code Generator”, a website that automatically issues XPAND Code that can be read from 200 meters/700 feet
- Notification shares buy-back: DIGI COMMUNICATIONS N.V. reports to the regulated market the transactions which occurred under the DIGI symbol, 25-29 Nov 2019
- RCS & RDS S.A., Digi Communications N.V.’s subsidiary in Romania, entered into agreements to operate the telecommunications networks of the Romanian companies Digital Cable Systems S.A., AKTA Telecom S.A. and ATTP Telecommunications S.R.L
- Crafting qualifications to accelerate adoption of Additive Manufacturing
- 100,000 Graduation Ceremony of Shincheonji Theology Center Held over 112 countries
- Notification shares buy-back: DIGI COMMUNICATIONS N.V. reports to the regulated market the transactions which occurred under the DIGI symbol, 18 – 22 Nov 2019
- PDA GMP for APIs Education Webinar Now an "ICH Recognised Training Programme"
- Notification shares buy-back: DIGI COMMUNICATIONS N.V. reports to the regulated market the transactions which occurred under the DIGI symbol, 11 – 15 Nov 2019
- Reporting of legal documents concluded by DIGI Communications N.V. in October 2019 or in other period but effective in October 2019, in accordance with article 82 of Law no. 24/2017 and FSA Regulation no. 5/2018
- Digi Communications NV announces the release of the Q3 2019 Financial Results
- Notification shares buy-back: DIGI COMMUNICATIONS N.V. reports to the regulated market the transactions which occurred under the DIGI symbol, 4 – 8 Nov 2019
- Digi Communications NV announces Investor Call on the Financial Results for Q3 2019
- Notification shares buy-back: DIGI COMMUNICATIONS N.V. reports to the regulated market the transactions which occurred under the DIGI symbol, 28 Oct – 1 Nov 2019
- Medis to Launch an Innovative 4D Flow Module for Clinical Practice
- Notification shares buy-back: DIGI COMMUNICATIONS N.V. reports to the regulated market the transactions which occurred under the DIGI symbol, 21-25 Oct 2019
- Notification shares buy-back: DIGI COMMUNICATIONS N.V. reports to the regulated market the transactions which occurred under the DIGI symbol, 14-18 Oct 2019
- Reporting of legal documents concluded by DIGI Communications N.V. in September 2019 or in other period but effective in September 2019, in accordance with article 82 of Law no. 24/2017 and FSA Regulation no. 5/2018
- Notification shares buy-back: DIGI COMMUNICATIONS N.V. reports to the regulated market the transactions which occurred under the DIGI symbol, 7-11 Oct 2019
- RCH to Launch WALLE 8T POS for Real-time Access to Data in the Cloud
- ASI Drives Launches Mark 600, Poised to Replace Internal Combustion Engines
- Now The Cash For Gold Is Reliable Old Gold Jewelry Buyers
- Notification shares buy-back: DIGI COMMUNICATIONS N.V. reports to the regulated market the transactions which occurred under the DIGI symbol, 30 Sep – 4 Oct 2019
- Il noto Brand di Prodotti Promozionali Personalizzati National Pen lancia il Nuovo Sito Italiano
- Un nouveau look pour Universal Pen relançant son site Web de produits de marque promotionnels
- First non-melanoma skin cancer patients treated with the Rhenium-SCT® in Germany
- Finalyse welcomes Dublin as a new entity to the Group
- Notification shares buy-back: DIGI COMMUNICATIONS N.V. reports to the regulated market the transactions which occurred under the DIGI symbol between 23-27 September 2019
- Notification shares buy-back: DIGI COMMUNICATIONS N.V. reports to the regulated market the transactions which occurred under the DIGI symbol, 16-20 Sep 2019
- VIAJES: LOS 5 DESTINOS MÁS BARATOS PARA ESCAPADAS URBANAS
- TRAVEL NEWS: Malaga tops the list of best value city break destinations in Spain
- Dr. Kurt Lauk, prominent business leader, former chairman of Economic Council in Germany (Wirtschaftsrat), former advisor to Angela Merkel, joins Tachyum
- Notification shares buy-back: DIGI COMMUNICATIONS N.V. reports to the regulated market the transactions which occurred under the DIGI symbol, 9-13 Sep 2019
- DIGI Communications N.V.: Decision regarding the participation to the auction procedure related to wireless broadband services supporting the introduction of 5G in Hungary
- Reporting of legal documents concluded by DIGI Communications N.V. in August 2019 or in other period but effective in August 2019, in accordance with article 82 of Law no. 24/2017 and FSA Regulation no. 5/2018
- Fight To Fame Expands Its Search for the Next Action Film Star to Europe
- Digi Communications N.V. Announces the availability of Investor’s presentation on the company’s website
- Notification shares buy-back: DIGI COMMUNICATIONS N.V. reports to the regulated market the transactions which occurred under the DIGI symbol, 19 – 23 August 2019
- All occasion personalised pens produced by specialist company Camaloon
- Nicht nur für Messen: Werbemittel Kugelschreiber
- Stylos personnalisés : Camaloon pense à tout
- Camaloon: una Penna da personalizzare per ogni occasione
- Experterna på tryck erbjuder profilerande bläckpennor för varje tillfälle
- Gepersonaliseerde pennen kiezen voor al uw behoeften
- MÁS DE 20 MILLONES DE PRODUCTOS DE PAPELERÍA SON COMPRADOS CADA DÍA
- Notification shares buy-back: DIGI COMMUNICATIONS N.V. reports to the regulated market the transactions which occurred under the DIGI symbol, 12 -16 August 2019
- Notification shares buy-back: DIGI COMMUNICATIONS N.V. reports to the regulated market the transactions which occurred under the DIGI symbol, 12 -16 August 2019
- XPAND K.K. will exhibit at the IFA 2019 as a Japanese cutting-edge IT company
- Reporting of legal documents concluded by DIGI Communications N.V. in July 2019 or in other period but effective in July 2019, in accordance with article 82 of Law no. 24/2017 and FSA Regulation no. 5/2018
- Digi Communications N.V. Announces the availability of H1 2019 Financial Report (for the six month period ended 30 June 2019)
- PDA Announces Six Regulatory Authorities Speaking at Biomanufacturing in Munich
- Notification shares buy-back: DIGI COMMUNICATIONS N.V. reports to the regulated market the transactions which occurred under the DIGI symbol between 5 and 9 August 2019
- Digi Communications NV Announces Investor Call on the Financial Results for the Half-year ended 30 June 2019
- Customer Data Platform Industry Grew 71% in One Year; Will Reach $1 Billion Revenue in 2019
- Central European Online Travel Agency Group Szallas.hu PLC. further strengthens its international presence
- With The Lure Of High Threadcount Sheets After A Day Trekking, Luxury Travel Blogger THE BOUTIQUE ADVENTURER Champions Chic Solo Explorations
- Digi Communications N.V. announces Syndicated facility agreement concluded between the Digi Group and a syndicate of banks
- LA SCULPTURE DE CEDRIC KOUKJIAN, « LIAISON », SERA EXPOSÉ EN PUBLIC PAR LA COMMISSION CULTURELLE DE COLOGNY, EN SUISSE
- CEDRIC KOUKJIAN’S SCULPTURE, “LIAISON” TO BE EXHIBITED IN PUBLIC BY CULTURAL COMMISSION OF COLOGNY IN SWITZERLAND
- Digi Communications N.V.: Independent Limited Assurance Report issued by the external auditor regarding the information included in the current reports under Law 24/2017 (Article 82) and FSA Regulation no. 5/2018
- Il 18° tour del lago Qinghai si conclude con la celebrazione della "maggiore età"
- La 18ª Vuelta al Lago Qinghai concluye con la celebración de su “mayoría de edad”
- 18e ‘Tour of Qinghai Lake’ wordt afgesloten met een ‘coming-of-age’-viering
- Digi Communications N.V.: Rectification of reports published on 15 Feb, 15 Mar, 15 Apr, 15 May and 14 Jun 2019 regarding legal documents in accordance with article 82 of Law no. 24/2017 and FSA Regulation no. 5/2018 published
- Notification shares buy-back: DIGI COMMUNICATIONS N.V. reports to the regulated market the transactions which occurred under the DIGI symbol between 22 and 26 July 2019
- GEANGO at ENSO ANGO - Summer Culture Retreat in Kyoto 2019
- DIGI COMMUNICATIONS N.V. reports to the regulated market the transactions which occurred under the DIGI symbol (15-19 July 2019)
- Nanto Cleantech Inc victorious in BYK-Altana patent opposition lawsuit
- Mono Solutions Joins Bauer Media Group to Strengthen SME Marketing Services Across the Globe
- UK Investors File Lawsuit in the Canaries Against Blue Explorers for Misleading Shareholders
- Notification shares buy-back: DIGI COMMUNICATIONS N.V. reports to the regulated market the transactions which occurred under the DIGI symbol, 8 – 12 July 2019
- Digi Communications N.V. announces Share transaction made by an executive director of the Company with class B shares on 11 July 2019
- OFERTA de casas vacacionales de lujo para menos de €25 por persona por noche este verano
- Noticias de Turismo: este verano sacarás más partido de tu presupuesto vacacional encontrando precios más competitivos
- TRAVEL NEWS: Your holiday spending money stretches even further this summer in Spain
- Notification shares buy-back: DIGI COMMUNICATIONS N.V. reports to the regulated market the transactions which occurred under the DIGI symbol between 1 – 5 July 2019, under the class B shares buy-back program approved by the GSM from 30 April 2019 and the duration of this program
- Global Software Innovator, AnyDesk, Announces Record 100 Million Downloads
- Notification shares buy-back: DIGI COMMUNICATIONS N.V. reports to the regulated market the transactions which occurred under the DIGI symbol between 24 and 28 June 2019
- Digi Communications N.V. announces the launch by RCS & RDS S.A., its subsidiary in Romania, of the Digi Mobil 5G Smart service
- Tauschen Sie Ihren Dripper aus und verändern Sie den Geschmack Ihres Kaffees! HARIO veröffentlicht den Double Mesh Metal Dripper.
- Change your dripper and change the flavor of your coffee! HARIO launches the Double Mesh Metal Dripper
- Matvil Corp. противостоит беспределу судебных властей Молдовы
- Notification shares buy-back: DIGI COMMUNICATIONS N.V. reports to the regulated market the transactions which occurred under the DIGI symbol, 17 – 21 June 2019
- Matvil Corp. Fights the Illegal Actions of the Legal System of Moldova
- Notification shares buy-back: DIGI COMMUNICATIONS N.V. reports to the regulated market the transactions which occurred under the DIGI symbol between 10 and 14 June 2019
- Digi Communications N.V.: Reporting of legal documents concluded by the company in May 2019 in accordance with article 82 of Law no. 24/2017 and FSA Regulation no. 5/2018 published
- DIGI COMMUNICATIONS N.V. reports to the regulated market the transactions occurred under DIGI symbol between 3 – 7 June 2019
- PDA Explores the Transformation of Healthcare at 4th Annual European Meeting
- ASI President John Cross Named AGMA Chairman
- Notification shares buy-back: DIGI COMMUNICATIONS N.V. reports to the regulated market the transactions which occurred under the DIGI symbol, 27 – 31 May 2019
- Breakthrough on laser powder bed fusion technology brings effective production of larger componentscloser to mainstream
- PDA Announces All-Star Speaker Lineup for Advanced Therapy Medicinal Products Conference
- Digi Communications N.V.: Exercise of stock options by the Executive Directors of the Company
- Digi Communications N.V. announces DIGI Kft., the Hungarian subsidiary of the Company, launches mobile telephony services in Hungary
- Notification shares buy-back: DIGI COMMUNICATIONS N.V. reports to the regulated market the transactions which occurred under the DIGI symbol between 21 and 24 May 2019
- ZYXEL READY WITH 5G SAMPLES IN AUGUST 2019
- Digi Communications N.V. announces the initiation of the share buy-back program as authorized by the Company’s GSM on 30 April 2019
- Digi Communications N.V Q1 2019 Financial Report and the report regarding legal documents for April 2019, in accordance with article 82 of Law no. 24/2017 and FSA Regulation no. 5/2018 released
- Digi Communications N.V. announces the new date of the Conference Call for the presentation of the Q1 2019 Financial Report. Update to the Company’s 2019 Financial Calendar.
- Rhenium-SCT® (SCT= Skin Cancer Therapy) now being offered in Hanau, Germany
- Project consortium aims at driving the adoption of selective laser melting (SLM) for large scale metal parts printing
- Digi Communications N.V. announces the availability of the instructions on the 2018 share dividend payment
- Notification shares buy-back: DIGI COMMUNICATIONS N.V. reports to the regulated market the transactions which occurred under the DIGI symbol between 29 April 2019 – 1 May 2019, under the class B shares buy-back program
- Biodiversity Report Is Urgent Call to Action Beyond Fixes; Geneva Global Initiative Calls on World Community to Focus on Concrete Actions
- Digi Communications N.V.’s general Shareholders’ meeting resolutions from 30 Apr 2019 approving, amongst others, the 2018 Annual Accounts and the availability of the adopted Annual Financial Report for the year ended Dec 31, 2018
- Notification shares buy-back: DIGI COMMUNICATIONS N.V. reports to the regulated market the transactions occurred under DIGI symbol, 22 – 26 April 2019
- Notification shares buy-back: DIGI COMMUNICATIONS N.V. reports to the regulated market the transactions which occurred under the DIGI symbol between 15 April 2019 – 19 April 2019s
- XPAND Code was successfully scanned from 200 meters/700 feet at Olympics stadium
- Wasser eingießen, Warten und Einschalten
- Digi Communications N.V.: Reporting of legal documents concluded by the company in March 2019 in accordance with article 82 of Law no. 24/2017 and FSA Regulation no. 5/2018 published
- Notification shares buy-back: DIGI COMMUNICATIONS N.V. reports to the regulated market the transactions which occurred under the DIGI symbol between 8 and 12 April 2019
- Snowman releases new EP
- Notification shares buy-back: DIGI COMMUNICATIONS N.V. reports to the regulated market the transactions which occurred under the DIGI symbol, 1 – 5 April 2019
- Streamlining adoption of high-speed and high-resolution surface texturing delivered with the Prometheus project
- Customer Data Platform Institute Launches RealCDP to Reduce CDP Confusion
- ASI Technologies Focuses on the future as ASI Drives, and New AGV Pallet Robot, FRED2500
- Notification shares buy-back: DIGI COMMUNICATIONS N.V. reports to the regulated market the transactions which occurred under the DIGI symbol between 25 March 2019 – 29 March 2019
- Towards a Europe of Stakeholder Nations
- Associazione Veneta Lotta alla Talassemia (AVLT) and the UK Thalassaemia Society (UKTS) Clarification on European Regulatory Status of LENTIGLOBIN™
- Notification shares buy-back: DIGI COMMUNICATIONS N.V. reports to the regulated market the transactions which occurred under the DIGI symbol between 19 March 2019 – 22 March 2019
- A new flagship project on Additive Manufacturing skills aims to maintain Europe leading position in industrial competitiveness
- Consultancy Partnership Revolutionizes Agile Project Management
- Jeroen Schouten Named Regional Manager, Europe of AeroGo, Inc.
- Digi Communications N.V. Convocation of the Company’s general shareholders meeting for 30 April 2019 for the approval of, among others, the 2018 Annual Report and of the 2018 Financial Statements
- España arrasa con la competencia y es nombrado como el país ideal para estudiar en el extranjero
- Xverify targets European Email Verification market with local data processing, Dublin office
- Digi Communications N.V. announces the resignation by Mr. Sambor Ryszka from his position as non-executive director of the Company
- Notification shares buy-back: DIGI COMMUNICATIONS N.V. reports to the regulated market the transactions which occurred under the DIGI symbol between 11 and 15 March 2019
- Digi Communications N.V.: Reporting of legal documents concluded by the company in February 2019 in accordance with article 82 of Law no. 24/2017 and FSA Regulation no. 5/2018 published
- New Services Larry Hurt income Tax Services
- Admission of Digi Communications N.V. €200,000,000 5.0% additional senior secured notes due 2023 to the listing on the Official List and trading on Irish Stock Exchange’s Main Securities Market
- Digi Communications N.V. announces the appointment of Dan Ioniță as a non-executive director of RCS & RDS S.A., the Romanian subsidiary of the Company
- Notification shares buy-back: DIGI COMMUNICATIONS N.V. reports to the regulated market the transactions which occurred under the DIGI symbol between 4 and 8 March 2019
- Digi Communications N.V. announces share transaction made by an executive director of the Company with class B shares on 4 march 2019
- Notification shares buy-back: DIGI COMMUNICATIONS N.V. reports to the regulated market the transactions which occurred under the DIGI symbol between 25 February – 1 March 2019
- Digi Communications N.V. announces share transaction made by an executive director of the Company with class B shares on 1 march 2019
- Notification shares buy-back: DIGI COMMUNICATIONS N.V. reports to the regulated market the transactions which occurred under the DIGI symbol between 18 and 22 February 2019
- Digi Communications N.V.: finalization and registration by the Company of the conversion of 1,200,000 A shares into an equal number of class B shares
- Digi Communications N.V.: Exercise of stock options by a PDMR in accordance with the stock option plan for the Group’s Romanian employees
- Notification shares buy-back: DIGI COMMUNICATIONS N.V. reports to the regulated market the transactions which occurred under the DIGI symbol between 11 and 15 February 2019
- Dearly Beloved, The Latest Single By Alternative Urbane Artist Expands Up-And-Coming ADN Lewis's Global Fan Base
- Report of legal documents concluded by DIGI Communications N.V. in January 2019 or in other period but effective in January 2019
- Digi Communications N.V. announces Availability of Preliminary Financial Report for the year ended December 31, 2018 for Digi Communications N.V. Group
- Mono Solutions launches a new interface to drive the ultimate do-it-with-me (DIWM) experience
- Digi Communications NV Announces Investor Call on the Preliminary Financial Results for the year ended 31 December 2018
- Digi Communications NV: New date of the Conference Call for the 2018 Preliminary financial results; Update to the 2019 Company’s Financial Calendar
- Notification shares buy-back: DIGI COMMUNICATIONS N.V. reports to the regulated market the transactions which occurred under the DIGI symbol between 4 and 8 February 2019
- R.W. Chelsea Holdings Ltd Starts To Hold Fixed Income Investor Meetings In Vienna, Zurich, Geneva and London
- Digi Communications N.V. successfully increased and priced its Offering at €200,000,000 5.0% additional senior secured notes due 2023
- Digi Communications N.V. to offer additional €125,000,000 5.0% senior secured notes due 2023; new notes will be consolidated and treated as its existing €350,000,000; adjustment on interim unaudited consolidated financial statements for the nine-month period ending September 30, 2018
- World's largest superhero statue to be built in Central Europe
- The resignation of Mr. Bendei Ioan – VP and executive director of RCS&RDS S.A., DIGI COMMUNICATIONS N.V.’s subsidiary in Romania
- Notification shares buy-back: DIGI COMMUNICATIONS N.V. reports to the regulated market the transactions which occurred under the DIGI symbol between 28 January 2019 – 1 February 2019
- RCH Group to Showcase Integrated Selling Solutions at EuroCIS
- Mono and bfound partner to expand digital offerings for small businesses in the Middle East
- Digi Communications N.V. publishes the Independent Limited Assurance Report in accordance with Law 24/2017 (Article 82) and FSA Regulation no. 5/2018
- ERRATA of the reports dated 15 Jan 2019 and 15 Oct 2018 regarding the legal acts concluded by DIGI Communications N.V. in Dec 2018 and Sep 2018
- REVEALED: Experts reveal the best dates to book your summer holiday in Spain
- Notification shares buy-back: DIGI COMMUNICATIONS N.V. reports to the regulated market the transactions which occurred under the DIGI symbol, 21 – 25 January 2019
- Céline Dion visite son premier concept store de vêtements CELINUNUNU à Paris
- Anytime, anywhere tailored learning opportunities for welding professionals and apprentices alike
- i5invest открива офис в България
- Notification shares buy-back: DIGI COMMUNICATIONS N.V. reports to the regulated market the transactions which occurred under the DIGI symbol, 14 - 18 January 2019
- Mono helps Fonecta strengthen their digital presence offering for SMBs
- The Bucharest Tribunal’s decision regarding the investigation conducted by the Romanian National Anti-corruption Directorate with respect to RCS & RDS S.A., Integrasoft S.R.L. and certain of their directors
- Digi Communications N.V.: Exercise of stock options by a PDMR in accordance with the stock option plan approved by the Company for the Romanian employees of the Group in 2017
- Report of legal acts concluded by DIGI Communications N.V. in accordance with Romanian Law no. 24/2017 and FSA Regulation no. 5/2018 for December 2018
- Digi Communications N.V.: resolution of the Board of Directors to convert class 1,200,000 A shares into an equal number of class B shares for the purpose of the ongoing employees and directors stock option plans
- CELINUNUNU OUVRE SON PREMIER POP-UP À PARIS
- DIGI COMMUNICATIONS N.V. reports to the regulated market the transactions which occurred under the DIGI symbol between 07 – 11 January 2019
- Digi Communications NV: Announcement of the Conference Call for the 2018 Preliminary financial results. Update to the 2019 Company’s Financial Calendar
- A new Government Emergency Ordinance imposing additional corporate taxes with impact on the telecommunications sector in Romania
- DIGI COMMUNICATIONS N.V. reports to the regulated market the transactions which occurred under the DIGI symbol between 31 December 2018-04 January 2019
- Notification shares buy-back: DIGI COMMUNICATIONS N.V. reports to the regulated market the transactions which occurred under the DIGI symbol, 24-28 Dec 2018
- Notification shares buy-back: DIGI COMMUNICATIONS N.V. reports to the regulated market the transactions which occurred under the DIGI symbol, 17-21 Dec 2018
- US Customer Data Platform authority David Raab to Host First CDP Workshop in Belgium
- Notification shares buy-back: DIGI COMMUNICATIONS N.V. reports to the regulated market the transactions which occurred under the DIGI symbol between 10-14 Dec 2018
- US-amerikanischer Customer-Data-Platform-Experte David M. Raab leitet ersten gemeinsamen CDP-Workshop mit b.telligent in München
- Arriva Designflows, la prima competizione di mobile design in Italia
- BWW 2018 – Best Wine Critics of World have been selected – Jancis Robinson MW is the Winner!
- Notification shares buy-back: DIGI COMMUNICATIONS N.V. reports to the regulated market the transactions which occurred under the DIGI symbol between 3-7 December 2018
- Farming by Satellite Prize is won by Teagasc from Ireland
- Notification shares buy-back: DIGI COMMUNICATIONS N.V. reports to the regulated market the transactions which occurred under the DIGI symbol between 26-30 Nov 2018
- Notification shares buy-back: Digi Communications N.V. reports to the regulated market the transactions which occurred under the DIGI symbol between 19-23 November 2018
- First Non-Melanocytic Skin Cancer Patients treated with Rhenium-SCT® in South Africa
- Notification shares buy-back: Digi Communications N.V. reports to the regulated market the transactions which occurred under the DIGI symbol between 12-16 November 2018
- Base Element and Cognigy Announce Strategic Partnership
- Digi Communications N.V. announces the Hungarian Competition Council’s decision to formally withdraw and reassess the Invitel merger decision on certain limited aspects
- Amerikaanse Customer Data Platform authoriteit David M. Raab leidt eerste CDP Workshop in Nederland
- Digi Communications NV announces the release of the Q3 2018 Financial Results
- Notification shares buy-back: DIGI COMMUNICATIONS N.V. reports to the regulated market the transactions which occurred under the DIGI symbol, 5-9 November 2018
- Cobots and RPA Gain Centerstage in Automotive Robotics Space; Labor Issues Prevail as a Key Challenge
- Digi Communications NV announces Investor Call on the Financial Results for Q3 2018
- Food Waste Recycling Machine Sales to Reach 10,890 units in 2018 on the Back of Growing Investments in Sustainable Solutions
- SMEs Accounted for Nearly 60% Share of SAP Cloud Platform Services Market in 2017, Finds New Fact.MR Study
- China’s Dominance of Pneumatic Rollers Production and Demand Continues, Finds Fact.MR Study
- Notification shares buy-back: DIGI COMMUNICATIONS N.V. reports to the regulated market the transactions which occurred under the DIGI symbol between 29 October-2 November 2018
- ILC Dover to Open New Production Facility in Blarney, Ireland for Added Capabilities, Capacity and Jobs
- OEMs Hold 90% Share of Automotive Switches Sales Channel, Finds Fact.MR
- US$ 3 Billion RF Power Amplifiers Market Driven by Growing Cellular Applications, Finds Fact.MR Study
- Kidney Stone Management Device Sales to Surpass 340,000 Units in 2018 with Lithotripsy Devices Leading the Rally, Finds Fact.MR
- Fact.MR Study Finds Contractor Preference Shifting from Skid Steers to Compact Track Loaders in Lucrative Markets
- Notification shares buy-back: DIGI COMMUNICATIONS N.V. reports to the regulated market the transactions which occurred under the DIGI symbol, 22-26 October 2018
- DB CyberTech Launches into the European Market
- Hungarian coding bootcamp opens in Prague in order to train career changers looking to enter the IT industry
- Gasoline Vehicles Accounted for 8 in 10 Automotive Fuel Injector Sales in 2018, finds Fact.MR Study
- Fact.MR Study Finds Global Demand for Crawler Cranes to Reach 3,648 Units in 2018, Greater China Leads with 30% Share
- Surplus Supply Reflects Growing Avidity in the Europe Cocoa Market – Fact.MR Study
- Fact.MR Study Shows Declining Demand for Tilapia in US Offset by Encouraging Gains in Domestic Markets
- Notification shares buy-back: DIGI COMMUNICATIONS N.V. reports to the regulated market the transactions which occurred under the DIGI symbol, 15-19 October 2018
- Europe Home Diagnostics Market Driven by Burgeoning Glucose Monitoring Device Sales, Consumer Demand for Non-Invasive Kits Largely Unmet – Fact.MR Study
- Europe Bicycle Parking Racks Market Driven by Consumer Focus on Sustainability and Carbon Consciousness
- Halloumi Cheese Popularity Soars in Europe as UK Maintains its Lead as the Largest Market – Fact.MR Study
- Vehicle Interior Air Quality (VIAQ) Takes Centerstage in US$ 6.5 Million Europe Automotive Headliners Market
- Report of legal acts concluded by DIGI Communications N.V. in accordance with Romanian Law no. 24/2017 and FSA Regulation no. 5/2018 for September 2018
- Notification shares buy-back: DIGI COMMUNICATIONS N.V. reports to the regulated market the transactions which occurred under the DIGI symbol between 8-12 Oct 2018
- Europe Emulsifier and Co-Emulsifier Market Witnessing a Shift Towards Bio-based Variants – Fact.MR Study
- Fact.MR Study on IBM Watson Services Market Lists Business Agility and Customer Service Transformation as Key Motivations to Adoption
- Europe Non-Dairy Toppings Market Riding on the Coattails of Growing Vegan Revolution, Finds a New Fact.MR Study
- Blockchain Cyber-security Firm Privus Raises $635k in Late Stage Seed Funding
- Smart Scale Co. Unveils World's First IoT Smart Scale Container, Stashaweigh™, at New West Summit
- ‘Sustainability’, ‘Functionality’ and ‘Cost-Effectiveness’ Among Key Expectations of European Consumers from Automotive Tow Bars Industry
- Notification shares buy-back: DIGI COMMUNICATIONS N.V. reports to the regulated market the transactions which occurred under the DIGI symbol between 1-5 Oct 2018
- Notification shares buy-back: DIGI COMMUNICATIONS N.V. reports to the regulated market the transactions which occurred under the DIGI symbol, 24-28 Sept 2018
- Notification shares buy-back: DIGI COMMUNICATIONS N.V. reports to the regulated market the transactions which occurred under the DIGI symbol between 17-21 Sept 2018
- New Study Reconfirms Effectiveness and Safety of Fotona Dynamis Laser Treatment for Minimally-Invasive Urinary Incontinence
- New study reveals that hate speech is becoming the ‘new normal’ on social media
- The launch of fixed broadband and fixed telephony services by Digi Communication N.V.’s subsidiary in Spain
- Notification shares buy-back: DIGI COMMUNICATIONS N.V. reports to the regulated market the transactions which occurred under the DIGI symbol between 10-14 Sept 2018
- coMakeIT appoints Durga Prakash Kone as Head of Global Sales
- Notification shares buy-back: DIGI COMMUNICATIONS N.V. reports to the regulated market the transactions which occurred under the DIGI symbol between 3-7 Sept 2018
- 80% Satisfaction Rate in Europe for Customer Data Platform Early Adopters
- Notification shares buy-back: DIGI COMMUNICATIONS N.V. reports to the regulated market the transactions which occurred under the DIGI symbol between 27-31 Aug 2018
- Notification shares buy-back: DIGI COMMUNICATIONS N.V. reports to the regulated market the transactions which occurred under the DIGI symbol between 20-24 Aug 2018
- DB CyberTech Launches GDPR Continuous Monitoring Solution with the First to Market Advanced Data Classification
- DATA4 Brings Pioneering Payment Systems to Kiosk Summit 2018
- Notification shares buy-back: DIGI COMMUNICATIONS N.V. reports to the regulated market the transactions which occurred under the DIGI symbol, 13-17 Aug 2018
- Zuuse to acquire GCPay, a leading North American provider of construction payment applications software
- Digi Communications NV announces the release of the Q2 2018 Financial Results
- Notification shares buy-back: DIGI COMMUNICATIONS N.V. reports to the regulated market the transactions which occurred under the DIGI symbol, 6-10 August 2018
- Plus Ultra strongly denies the fraud allegations bought against them in the Spanish class action lawsuit
- Digi Communications NV announces Investor Call on the Financial Results for H1 2018
- Notification shares buy-back: DIGI COMMUNICATIONS N.V. reports to the regulated market the transactions which occurred under the DIGI symbol between 30 July-3 August 2018
- Europe’s largest battery and H/EV event moves to manufacturing hub for e-mobility
- Mono Solutions announce a new partnership with PA DIGITAL, the leading provider of digital services for small businesses in Spain
- Notification shares buy-back: DIGI COMMUNICATIONS N.V. reports to the regulated market the transactions which occurred under the DIGI symbol between 23-27 July 2018
- Digi Communications N.V. publishes report of legal acts concluded by the company in accordance with Romanian Law, FSA Regulation as well as the Independent Limited Assurance Report
- Spahn & Rose Named to ProSales 100 List
- Notification shares buy-back: DIGI COMMUNICATIONS N.V. reports to the regulated market the transactions which occurred under the DIGI symbol between 16-20 July 2018
- RCH Europe Brings New Innovative Selling Solutions to FAFGA 2018
- Lanzamiento de un nuevo sitio web de comparación financiera
- Notification shares buy-back: DIGI COMMUNICATIONS N.V. reports to the regulated market the transactions which occurred under the DIGI symbol, 9-13 July 2018
- European Customer Data Platform Vendors Lead Industry in New Direction
- Notification shares buy-back: DIGI COMMUNICATIONS N.V. reports to the regulated market the transactions which occurred under the DIGI symbol, 2-6 July 2018
- iBwave Design Helps MTS Deliver Superior Fan Experience During the 2018 Soccer Games in Russia
- Get Ahead Of Your Business Competition with Customized Advertising Campaigns by Manesta Programmatic Agency
- Digi Communications N.V. announces the publishing of ANCOM approval for RCS & RDS S.A. to continue to apply a surcharge for certain roaming services provided in the EEA for a renewed period of 12 months
- Notification shares buy-back: DIGI COMMUNICATIONS N.V. reports to the regulated market the transactions which occurred under the DIGI symbol between 25-29 June 2018
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OncoBeta® chosen as a 2019 Red Herring North America Top 100 Winner | https://express-press-release.net/news/2022/08/04/1223740 | 2022-08-04T21:28:05Z | https://express-press-release.net/news/2022/08/04/1223740 | true |
BETHESDA, Md., Aug. 4, 2022 /PRNewswire/ -- Walker & Dunlop, Inc.'s New York Capital Markets team announced today that it structured approximately $388.4 million in financing from Bank of America for The Brook, a development consisting of 448,000 rentable square feet of luxury, mixed-use multifamily and retail space located at the cross-section of Fulton Street, Flatbush Avenue Extension, and DeKalb Avenue in Downtown Brooklyn. The unique bookending development is located next to some of Brooklyn's most popular thoroughfares, just steps from the Fulton Mall, and a 5-minute walk from the Barclays Center.
Walker & Dunlop's New York Capital Markets team including Aaron Appel, Keith Kurland, Jonathan Schwartz, Adam Schwartz, Michael Ianno and Sean Bastian was retained by Witkoff and Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI), which is managed by an affiliate of Apollo Global Management to arrange the financing for the construction of The Brook. The property will be split between two development sites with the larger "Eastern Site" at 565 Fulton Street and the "Western Site" at 547-557 Fulton Street.
The Eastern Site consists of a 51-story mixed-use tower that will feature 591 thoughtfully designed studio, one-and two-bedroom apartments utilizing the Affordable New York ("ANY") and Inclusionary Housing ("IH") programs and over 30,000 square feet of amenity space. Residents will have access to a plethora of indoor and outdoor amenities including an outdoor pool with cabanas, dog run park, a state-of-the-art fitness center, a half basketball court and multiple resident lounges. The Eastern Site also offers over 17,200 square feet of above ground retail space at the base of the building.
"As one of the most highly-coveted development sites within Downtown Brooklyn, The Brook represented a once-in-a-generation opportunity to develop an unparalleled mixed-use project at the focal point of Downtown Brooklyn's ongoing development boom," said Aaron Appel of Walker & Dunlop. "Having played a part in financing nearly 35% of Downtown Brooklyn's recent developments, we are proud to add this one to the list."
The impressive jewel-box retail site on the Western parcel will offer nearly 14,000 square feet of retail space next to Albee Square. With a commanding presence overlooking the public area, the retail space is poised to attract the most high-quality brands looking to establish or strengthen their foothold in Brooklyn. The prime location between Fulton Street and Dekalb Avenue will allow for prospective retailers to adorn the façade of what will become the most desirable single-tenant retail space in Downtown Brooklyn. Witkoff and ARI's ability to activate the unique two parcel development site ensures the future success of The Brook as the surrounding neighborhood continues to benefit from tremendous population and employment growth.
Walker & Dunlop's Capital Markets team has deep relationships with more than 350 capital sources across the country including banks, insurance companies, finance companies, alternative lending sources, and commercial mortgage-backed securities (CMBS) conduits. In 2021, the Capital Markets segment sourced over 1,300 loans and equity investments totaling nearly $30 billion from non-GSE capital providers. This vast experience has made them a top adviser on all asset classes for many of the industry's top developers, owners, and operators. To learn more about Walker & Dunlop's diverse financing options, visit our website.
About Walker & Dunlop
Walker & Dunlop (NYSE: WD) is one of the largest providers of capital to the commercial real estate industry in the United States, enabling real estate owners and operators to bring their visions of communities — where Americans live, work, shop and play — to life. Our people, brand and technology make W&D one of the most insightful and customer-focused firms in our industry. With more than 1,400 employees across every major U.S. market, Walker & Dunlop has consistently been named one of Fortune's Great Places to Work® and is committed to making the commercial real estate industry more inclusive and diverse while creating meaningful social, environmental, and economic change in our communities.
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SOURCE Walker & Dunlop, Inc. | https://www.1011now.com/prnewswire/2022/08/04/downtown-brooklyn-gains-mixed-use-gem-with-brook-financing-arranged-by-walker-amp-dunlop/ | 2022-08-04T21:28:20Z | https://www.1011now.com/prnewswire/2022/08/04/downtown-brooklyn-gains-mixed-use-gem-with-brook-financing-arranged-by-walker-amp-dunlop/ | false |
HAMILTON, Bermuda, Aug. 4, 2022 /PRNewswire/ -- Borr Drilling Limited (NYSE: BORR) (OSE: BORR) is pleased to announce it has received a binding Letter of Intent ("LOI") for the premium jack-up drilling rig "Prospector 5" from an undisclosed operator in West Africa. The 6-well firm program is expected to commence during Q4 2022 and has an estimated duration of fourteen months plus options. This LOI, which is expected to be converted into a contract shortly, has an estimated total contract value of $68.9 million (excluding options).
Forward looking statements
This press release includes forward looking statements, which do not reflect historical facts and may be identified by words such as "expect", "estimated" and similar expressions and include statements relating to rig contracting and options including the duration of such contracts and extensions and backlog, and other non-historical statements. Such forward -looking statements are subject to risks, uncertainties, contingencies and other factors could cause actual events to differ materially from the expectations expressed or implied by the forward-looking statements included herein, including risks related to actual performance under drilling contracts, the risk that backlog may not be realized, the number of rigs that will be in operation and rates that are achieved, and other risks and uncertainties described in the section entitled "Risk Factors" in our most recent annual report on Form 20-F and other filings with the Securities and Exchange Commission. Such risks, uncertainties, contingencies and other factors could cause actual events to differ materially from the expectations expressed or implied by the forward -looking statements included herein. These forward-looking statements are made only as of the date of this release. We do not undertake to update or revise the forward-looking statements, whether as a result of new information, future events or otherwise.
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SOURCE Borr Drilling Limited | https://www.kold.com/prnewswire/2022/08/04/borr-drilling-limited-announcement-loi-jack-up-drilling-rig/ | 2022-08-04T21:30:36Z | https://www.kold.com/prnewswire/2022/08/04/borr-drilling-limited-announcement-loi-jack-up-drilling-rig/ | false |
NEW YORK, Aug. 4, 2022 /PRNewswire/ -- Consolidated Edison, Inc. (Con Edison) (NYSE: ED) today reported 2022 second quarter net income for common stock of $255 million or $0.72 a share compared with $165 million or $0.48 a share in the 2021 second quarter. Adjusted earnings were $228 million or $0.64 a share in the 2022 period compared with $182 million or $0.53 a share in the 2021 period. Adjusted earnings and adjusted earnings per share in the 2022 and 2021 periods exclude the effects of hypothetical liquidation at book value (HLBV) accounting for tax equity investments in certain renewable and sustainable electric projects of Con Edison Clean Energy Businesses, Inc. (the Clean Energy Businesses), the related tax impact of such HLBV accounting on the parent company and the net mark-to-market effects of the Clean Energy Businesses. Adjusted earnings and adjusted earnings per share in the 2022 period exclude the tax impact on the parent company of the mark-to-market effects of the Clean Energy Businesses. Adjusted earnings and adjusted earnings per share in the 2021 period exclude the impact of the impairment loss related to Con Edison's investment in Stagecoach Gas Services LLC (Stagecoach) and the loss from the sale of a renewable electric project.
For the first six months of 2022, net income for common stock was $857 million or $2.42 a share compared with $584 million or $1.70 a share in the first six months of 2021. Adjusted earnings were $750 million or $2.12 a share in the 2022 period compared with $673 million or $1.95 a share in the 2021 period. Adjusted earnings and adjusted earnings per share in the 2022 and 2021 periods exclude the effects of HLBV accounting for tax equity investments in certain renewable and sustainable electric projects of the Clean Energy Businesses, the related tax impact of such HLBV accounting on the parent company and the net mark-to-market effects of the Clean Energy Businesses. Adjusted earnings and adjusted earnings per share for the 2022 period exclude the tax impact on the parent company of the mark-to-market effects of the Clean Energy Businesses. Adjusted earnings and adjusted earnings per share in the 2021 period exclude the impact of the impairment losses related to Con Edison's investment in Stagecoach and the loss from the sale of a renewable electric project.
"We continue to support a reliable transition from fossil fuels to renewables to reduce carbon emissions and deliver a healthy future with opportunities for all," said Timothy P. Cawley, the chairman and chief executive officer of Con Edison. "In progressing through this transition, we continue to remain focused on providing strong, stable returns for investors. Through our partnership with New York City, we've installed publicly available electric vehicle chargers in the five boroughs and we're collaborating with stakeholders to make even more investments in energy efficiency, renewables, the electrification of buildings, transportation, and other clean energy initiatives."
For the year of 2022, Con Edison reaffirmed its previous forecast of adjusted earnings per share to be in the range of $4.40 to $4.60 per share. Adjusted earnings per share exclude the effects of HLBV accounting for tax equity investments in certain renewable and sustainable electric projects of the Clean Energy Businesses and the related tax impact of such HLBV accounting on the parent company (approximately $40 million or $0.11 a share after-tax) and the net mark-to-market effects of the Clean Energy Businesses and the related tax impact of such mark-to-market effects on the parent company, the amounts of which will not be determinable until year end. Con Edison is considering strategic alternatives with respect to its Clean Energy Businesses. Con Edison's forecast of adjusted earnings per share for the year of 2022 does not include the impact, if any, that may result from such evaluation.
See Attachment A to this press release for a reconciliation of Con Edison's reported earnings per share to adjusted earnings per share and reported net income for common stock to adjusted earnings for the three and six months ended June 30, 2022 and 2021. See Attachment B and C for the estimated effect of major factors resulting in variations in earnings per share and net income for common stock for the three and six months ended June 30, 2022 compared to the 2021 periods.
The company's 2022 Second Quarter Form 10-Q is being filed with the Securities and Exchange Commission. A second quarter 2022 earnings release presentation will be available at www.conedison.com. (Select "For Investors" and then select "Press Releases.")
This press release contains forward-looking statements that are intended to qualify for the safe-harbor provisions of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements are statements of future expectations and not facts. Words such as "forecasts," "expects," "estimates," "anticipates," "intends," "believes," "plans," "will," "target," "guidance," "potential," "consider" and similar expressions identify forward-looking statements. The forward-looking statements reflect information available and assumptions at the time the statements are made, and accordingly speak only as of that time.
Actual results or developments might differ materially from those included in the forward-looking statements because of various factors such as those identified in reports Con Edison has filed with the Securities and Exchange Commission, including, but not limited to, that Con Edison's subsidiaries are extensively regulated and are subject to substantial penalties; its utility subsidiaries' rate plans may not provide a reasonable return; it may be adversely affected by changes to the utility subsidiaries' rate plans; the failure of, or damage to, its subsidiaries' facilities could adversely affect it; a cyber-attack could adversely affect it; the failure of processes and systems and the performance of employees and contractors could adversely affect it; it is exposed to risks from the environmental consequences of its subsidiaries' operations, including increased costs related to climate change; its ability to pay dividends or interest depends on dividends from its subsidiaries; changes to tax laws could adversely affect it; it requires access to capital markets to satisfy funding requirements; a disruption in the wholesale energy markets or failure by an energy supplier or customer could adversely affect it; it has substantial unfunded pension and other postretirement benefit liabilities; it faces risks related to health epidemics and other outbreaks, including the COVID-19 pandemic; its strategies may not be effective to address changes in the external business environment; and it also faces other risks that are beyond its control, including inflation and supply chain disruptions. Con Edison assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.
This press release also contains financial measures, adjusted earnings and adjusted earnings per share, that are not determined in accordance with generally accepted accounting principles in the United States of America (GAAP). These non-GAAP financial measures should not be considered as an alternative to net income for common stock or net income per share, respectively, each of which is an indicator of financial performance determined in accordance with GAAP. Adjusted earnings and adjusted earnings per share exclude from net income for common stock and net income per share, respectively, certain items that Con Edison does not consider indicative of its ongoing financial performance such as the impairment loss related to Con Edison's investment in Stagecoach, the loss from the sale of a renewable electric project, the effects of the Clean Energy Businesses' HLBV accounting for tax equity investors in certain renewable and sustainable electric projects and mark-to-market accounting and the related tax impact of such HLBV accounting and mark-to-market accounting on the parent company. Management uses these non-GAAP financial measures to facilitate the analysis of Con Edison's financial performance as compared to its internal budgets and previous financial results and to communicate to investors and others Con Edison's expectations regarding its future earnings and dividends on its common stock. Management believes that these non-GAAP financial measures are also useful and meaningful to investors to facilitate their analysis of Con Edison's financial performance.
Consolidated Edison, Inc. is one of the nation's largest investor-owned energy-delivery companies, with approximately $14 billion in annual revenues and $65 billion in assets. The company provides a wide range of energy-related products and services to its customers through the following subsidiaries: Consolidated Edison Company of New York, Inc. (CECONY), a regulated utility providing electric service in New York City and New York's Westchester County, gas service in Manhattan, the Bronx, parts of Queens and parts of Westchester, and steam service in Manhattan; Orange and Rockland Utilities, Inc. (O&R), a regulated utility serving customers in a 1,300-square-mile-area in southeastern New York State and northern New Jersey; Con Edison Clean Energy Businesses, Inc., the second-largest owner of solar electric projects in North America, which, through its subsidiaries develops, owns and operates renewable and sustainable energy infrastructure projects and provides energy-related products and services to wholesale and retail customers; and Con Edison Transmission, Inc., which falls primarily under the oversight of the Federal Energy Regulatory Commission and through its subsidiaries invests in electric transmission projects supporting its parent company's effort to transition to clean, renewable energy. Con Edison Transmission manages, through joint ventures, both electric and gas assets while seeking to develop electric transmission projects that will bring clean, renewable electricity to customers, focusing on New York, New England, the Mid-Atlantic states and the Midwest.
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SOURCE Consolidated Edison, Inc. | https://www.wflx.com/prnewswire/2022/08/04/con-edison-reports-2022-second-quarter-earnings/ | 2022-08-04T21:31:23Z | https://www.wflx.com/prnewswire/2022/08/04/con-edison-reports-2022-second-quarter-earnings/ | false |
WFO LUBBOCK Warnings, Watches and Advisories for Thursday, August 4, 2022
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SPECIAL WEATHER STATEMENT
Special Weather Statement
National Weather Service Lubbock TX
345 PM CDT Thu Aug 4 2022
...A strong thunderstorm will impact portions of southeastern Castro,
northwestern Hale and northeastern Lamb Counties through 415 PM
CDT...
At 345 PM CDT, Doppler radar was tracking a strong thunderstorm 5
miles south of Hart, moving west at 10 mph.
HAZARD...Wind gusts up to 50 mph and half inch hail.
SOURCE...Radar indicated.
IMPACT...Gusty winds could knock down tree limbs and blow around
unsecured objects. Minor damage to outdoor objects is
possible.
Locations impacted include...
Hart.
PRECAUTIONARY/PREPAREDNESS ACTIONS...
If outdoors, consider seeking shelter inside a building.
Heavy rainfall is also occurring with this storm and may lead to
localized flooding. Do not drive your vehicle through flooded
roadways.
LAT...LON 3438 10200 3431 10200 3431 10197 3419 10203
3423 10225 3446 10223
TIME...MOT...LOC 2045Z 111DEG 8KT 3431 10208
MAX HAIL SIZE...0.50 IN
MAX WIND GUST...50 MPH
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Program Resettles Over 180 Refugees and 50 Families in the United States
TYSONS, Va., Aug. 4, 2022 /PRNewswire/ -- The PenFed Foundation, a national 501(c)3 founded by PenFed Credit Union, is proud to announce its Afghan Rescue and Resettlement Program (ARRP) has helped 50 families and over 180 refugees resettle in the United States as the nation enters the one-year anniversary of the dramatic fall of Kabul, Afghanistan. The program was founded in November 2021 to assist refugees who are proven to have supported our country's values in exemplary ways, with a particular focus on resettling Afghan women soldiers and their families who worked alongside U.S. Army women soldiers through the Army's Cultural Support Team (CST).
These Afghan women soldiers were crucial to supporting the U.S. as they worked to hunt the Taliban during night raids and to gather valuable intelligence from other women in remote villages.
"The war in Afghanistan may officially be over, but the sisterhood developed between the American and Afghan women soldiers who served together certainly is not," said Rebekah Edmondson, program manager for the PenFed Foundation's ARRP and a U.S. Army CST veteran. "The group of women I served alongside during my four deployments to Afghanistan were remarkable and they deserve our support."
A video of Rebekah telling her story can be found here.
The ARRP raises funds to provide food, clothing, housing, transportation, childcare, English classes, job training and other services to the Afghan refugees as they resettle in communities across America. Those interested in making a difference for these Afghan allies as they make their long and arduous resettlement, are encouraged to visit the ARRP website to learn more.
About PenFed Foundation
Founded in 2001, the PenFed Foundation is a national nonprofit organization committed to empowering military service members, veterans and their communities with the skills and resources to realize financial stability and opportunity. It provides service members, veterans, their families and support networks with the skills and resources they need to improve their lives through programs on financial education, homeownership, veteran entrepreneurship, and short-term assistance. Affiliated with PenFed Credit Union, the Foundation has the resources to effectively reach military communities across the nation, build strong partnerships, and engage a dedicated corps of volunteers in its mission. The credit union funds the Foundation's personnel and most operational costs, demonstrating its strong commitment to the programs the Foundation provides. Equal Housing Opportunity. To learn more, visit www.penfedfoundation.org.
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HOUSTON, Aug. 4, 2022 /PRNewswire/ -- Talos Energy Inc. ("Talos" or the "Company") (NYSE: TALO) today announced its operational and financial results for the second quarter of 2022.
Key Highlights:
- Production of 65.4 thousand barrels of oil equivalent per day ("MBoe/d") (67% oil, 75% liquids).
- Revenue of $519.1 million, driven by realized prices (excluding hedges) of $108.03 per barrel for oil, $37.79 per barrel for natural gas liquids ("NGLs") and $8.00 per thousand cubic feet ("Mcf") for natural gas.
- Net Income of $195.1 million, or $2.33 Net Income per diluted share, and Adjusted Net Income(1) of $100.6 million, or $1.20 Adjusted Net Income per diluted share.
- Adjusted EBITDA(1) of $250.8 million, or $42.13 Adjusted EBITDA per Boe; Adjusted EBITDA excluding hedges of $411.0 million, or $69.04 per Boe.
- Capital Expenditures of $85.9 million, inclusive of plugging and abandonment.
- Free Cash Flow(1) (before changes in working capital) of $134.1 million.
- Achieved 1.0x leverage ratio as of June 30, 2022 through the repayment of $146.1 million in credit facility borrowings and 7.5% Notes and achieved record liquidity of $702.2 million; Net Debt has been reduced by $344.1 million since March 31, 2021.
- Expanded the Bayou Bend carbon capture and sequestration ("CCS") joint venture through Chevron U.S.A Inc.'s ("Chevron") acquisition of a 50% interest in exchange for $50 million of gross consideration.
President and Chief Executive Officer Timothy S. Duncan commented: "It was a strong quarter for Talos as we achieved rapid debt reduction led by record-breaking revenue and cost control efforts despite macro inflationary pressures. Through our steady focus on significant free cash flow generation and substantial debt paydown, we've achieved the lowest leverage multiple and highest liquidity in the history of Talos. In the second half of the year we will initiate our operated open water rig program testing a series of exciting, high-impact drilling opportunities and expect to spud our Puma West appraisal well early in the fourth quarter."
Duncan continued: "In our CCS business, we closed the previously announced Bayou Bend transaction with Chevron and Carbonvert, welcoming Chevron into the joint venture that is developing the country's first and only major offshore CO2 sequestration project. We expect to spud the first stratigraphic evaluation well this year to expedite the EPA Class VI permitting process while continuing to engage potential industrial customers. Utilizing our technical and commercial skill sets, gained through decades of regional experience, to provide CCS-as-a-Service along the U.S. Gulf Coast exemplifies our commitment to balancing responsible energy production with tangible carbon management solutions for the future, a combination that we believe underpins what the energy company of the future looks like for all of its stakeholders."
RECENT DEVELOPMENTS AND OPERATIONS UPDATE
Debt Repayment: Talos repaid $140.0 million of credit facility borrowings and $6.1 million of 7.5% Notes at maturity in the second quarter, reducing overall leverage to 1.0x Net Debt to LTM Adjusted EBITDA. The Company ended the quarter with liquidity of $702.2 million, the highest in Talos's history, and expects to continue to reduce credit facility borrowings in the second half of 2022.
Inflation Reduction Act: Talos is closely monitoring recent legislative developments regarding the Inflation Reduction Act, which contain numerous provisions relevant to the Company's Upstream and CCS business units. Among the Upstream provisions are the reinstatement of winning bids from OCS Lease Sale 257, in which Talos was one of the most active bidders and was the high bidder on over 57,000 gross acres across ten deepwater blocks. Additionally, the legislation would mandate three specific additional lease sales in the future and require oil and gas lease sales in conjunction with offshore wind lease sales going forward. For the Company's CCS business, the legislation includes provisions that could increase the 45Q credit for permanent CO2 sequestration to $85/ton from the current $50/ton, as well as adding a direct pay component to the current federal income tax credit structure. The Inflation Reduction Act has not been passed in the U.S. Senate and any final legislation may be different from the legislative text that is currently proposed.
CCS: Talos, through its Talos Low Carbon Solutions division, and Carbonvert, Inc. ("Carbonvert") announced and subsequently closed a transaction to expand the Bayou Bend CCS joint venture through the acquisition of a 50% interest by Chevron for $30.0 million of gross upfront cash and up to $20.0 million of gross future capital cost reimbursement, expected to cover capital expenditures through FID. Equity interests in the venture are now 25% Talos, 25% Carbonvert and 50% Chevron, and Talos is the operator. The three companies also established an Area of Mutual Interest ("AMI") over the full ~231,000-acre Jefferson County offshore region contemplated in the State of Texas's original request for proposal, aligning the parties for future expansion opportunities.
Third Quarter Expected Downtime: Following deferral of the planned dry-dock maintenance process from June 2022 into the third quarter, Talos has begun mobilizing the HP-1 vessel to shore for regulatory-required maintenance. Talos expects dry-dock to result in 6.0 – 9.0 MBoe/d of deferred production as well as incremental operating and capital costs in the third quarter. Preparatory costs of approximately $11.5 million are included in the second quarter operating expenses. Additionally, Talos expects planned third-party midstream downtime and other miscellaneous planned downtime activities to result in 4.0 – 5.0 MBoe/d of deferred production. Talos's previously issued annual operational and financial guidance is inclusive of both the HP-1 dry-dock and third-party midstream downtime estimates, as well as hurricane risking. However, the majority of hurricane downtime impact is typically incurred in the third quarter.
Operated Deepwater Rig Program: Talos expects to take possession of the Seadrill Sevan Louisiana deepwater rig in mid-August, initiating its open water program that includes six total operations between second half of 2022 and first half of 2023, four of which are exploitation wells targeting 65-100 million barrels of oil equivalent ("MMBoe") of cumulative gross unrisked resources and utilizing Talos-operated facilities for accelerated subsea development. The Company will spud the Lime Rock prospect, the first of the four exploitation targets, following a deepwater recompletion. Prior to initiating the rig program, Talos successfully obtained industry validation for these prospects, attracting non-operated working interest partners in each of the Lime Rock, Venice and Rigolets projects. Talos now owns a 60% working interest in each of these projects. Additionally, if successful, we expect each well to produce between 5.0 – 15.0 MBoe/d gross with expected timeline to first oil between 12-18 months.
Non-Operated Deepwater Rig Program: Talos expects the Puma West appraisal well to spud early in the fourth quarter with results expected by early 2023. The appraisal follows the successful 2021 exploration discovery well along with co-owners bp plc ("bp") (Operator) and Chevron. The well has been permitted to a depth of approximately 26,700 feet and will be drilled with the Diamond Ocean BlackHornet rig, currently working for bp. In the Gunflint Field, (9.6% working interest) Talos has participated in two successful workovers and anticipates initiating the MC 992 #1 sidetrack well by year-end. Lastly, Talos is actively working with a large industry partner to finalize a five-block exploration unit comprising 28,800 gross acres in the Walker Ridge and Green Canyon areas on which the Company expects to participate in a high-impact exploration prospect in the first half of 2023.
Zama: Talos is actively working with Petróleos Mexicanos ("Pemex") and its Block 7 partners Wintershall Dea and Harbour Energy to finalize the Zama Field Development Plan ("FDP"), targeting submission to National Hydrocarbons Commission ("CNH") latest by March 2023, as required in the unitization resolution. Upon approval, the parties will then move toward FID later in 2023. Concurrently, the parties are discussing the formation of an Integrated Project Team, which would include representatives of each company and would report to the Unit Operating Committee, to manage the field's development.
Pompano Platform Rig Program: The Company's Seville exploitation well failed to discover commercial quantities of hydrocarbons in late July. The platform rig program has shifted to begin preparations for the Mount Hunter development well, with spud expected in the third quarter and first oil in early 2023.
SECOND QUARTER 2022 RESULTS
Key Financial Highlights:
Production
Production for the quarter was 65.4 MBoe/d net and was 67% oil and 75% liquids.
Capital Expenditures
Capital expenditures for the quarter, including plugging and abandonment activities, totaled $85.9 million. Capital expenditures for the Company's CCS business includes the impact of the sale of 50% of the Company's investment in Bayou Bend CCS joint venture to Chevron (i.e., the Company recouped 50% of its original $2.25 million investment).
Liquidity and Leverage
At quarter-end the Company had approximately $702.2 million of liquidity, with $606.3 million undrawn on its RBL facility and approximately $108.5 million in cash, less approximately $12.6 million in outstanding letters of credit. On June 30, 2022, Talos had $877.4 million in total debt, inclusive of $27.4 million related to the HP-1 finance lease. Net Debt was $768.9 million(1). Net Debt to Credit Facility LTM Adjusted EBITDA(1), as determined in accordance with the Company's credit agreement, was 1.0x(1).
HEDGES
The following table reflects contracted volumes and weighted average prices the Company will receive under the terms of its derivative contracts as of August 4, 2022 and includes contracts entered into after June 30, 2022:
CONFERENCE CALL AND WEBCAST INFORMATION
Talos will host a conference call, which will be broadcast live over the internet, on Friday, August 5, 2022 at 10:00 AM Eastern Time (9:00 AM Central Time). Listeners can access the conference call through a webcast link on the Company's website at: https://www.talosenergy.com/investor-relations/events-calendar/. Alternatively, the conference call can be accessed by dialing (888) 348-8927 (U.S. toll free), (855) 669-9657 (Canada toll-free) or (412) 902-4263 (international). Please dial in approximately 15 minutes before the teleconference is scheduled to begin and ask to be joined into the Talos Energy call. A replay of the call will be available one hour after the conclusion of the conference until August 12, 2022 and can be accessed by dialing (877) 344-7529 and using access code 1898121.
ABOUT TALOS ENERGY
Talos Energy (NYSE: TALO) is a technically driven independent exploration and production company focused on safely and efficiently maximizing long-term value through its operations, currently in the United States and offshore Mexico, both through upstream oil and gas exploration and production and the development of carbon capture and sequestration opportunities. As one of the Gulf of Mexico's largest public independent producers, we leverage decades of technical and offshore operational expertise towards the acquisition, exploration and development of assets in key geological trends that are present in many offshore basins around the world. With a focus on environmental stewardship, we are also utilizing our expertise to explore opportunities to reduce industrial emissions through our carbon capture and sequestration initiatives along the U.S. Gulf Coast and Gulf of Mexico. For more information, visit www.talosenergy.com.
INVESTOR RELATIONS CONTACT
Sergio Maiworm
+1.713.328.3008
investor@talosenergy.com
CAUTIONARY STATEMENT ABOUT FORWARD-LOOKING STATEMENTS
This communication may contain "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended (the "Securities Act"), and Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than statements of historical fact included in this communication, regarding our strategy, future operations, financial position, estimated revenues and losses, projected costs, prospects, plans and objectives of management are forward-looking statements. When used in this communication, the words "will," "could," "believe," "anticipate," "intend," "estimate," "expect," "project," "forecast," "may," "objective," "plan" and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain such identifying words. These forward-looking statements are based on our current expectations and assumptions about future events and are based on currently available information as to the outcome and timing of future events.
We caution you that these forward-looking statements are subject to numerous risks and uncertainties, most of which are difficult to predict and many of which are beyond our control. These risks include, but are not limited to, commodity price volatility due to the continued impact of the coronavirus disease 2019 ("COVID-19"), including any new strains or variants, and governmental measures related thereto on global demand for oil and natural gas and on the operations of our business; the ability or willingness of OPEC and other state-controlled oil companies ("OPEC Plus"), such as Saudi Arabia and Russia, to set and maintain oil production levels; the impact of any such actions; the lack of a resolution to the war in Ukraine and its impact on certain commodity markets; lack of transportation and storage capacity as a result of oversupply, government and regulations; lack of availability of drilling and production equipment and services; adverse weather events, including tropical storms, hurricanes and winter storms; cybersecurity threats; sustained inflation and the impact of central bank policy in response thereto; environmental risks; failure to find, acquire or gain access to other discoveries and prospects or to successfully develop and produce from our current discoveries and prospects; geologic risk; drilling and other operating risks; well control risk; regulatory changes; the uncertainty inherent in estimating reserves and in projecting future rates of production; cash flow and access to capital; the timing of development expenditures; potential adverse reactions or competitive responses to our acquisitions and other transactions; the possibility that the anticipated benefits of our acquisitions are not realized when expected or at all, including as a result of the impact of, or problems arising from, the integration of acquired assets and operations, and the other risks discussed in Part I, Item 1A. "Risk Factors" of Talos Energy Inc.'s Annual Report on Form 10-K for the year ended December 31, 2021, filed with the SEC on February 25, 2022, Part II, Item 1A. "Risk Factors" of Talos Energy Inc.'s Quarterly Report on Form 10-Q for the period ended March 31, 2022, filed with the SEC on May 5, 2022 and Part II, Item 1A. "Risk Factors" of Talos Energy Inc's Quarterly Report on Form 10-Q for the period ended June 30, 2022, to be filed with the SEC subsequent to the issuance of this communication. Should one or more of the risks or uncertainties described herein occur, or should underlying assumptions prove incorrect, our actual results and plans could differ materially from those expressed in any forward-looking statements. All forward-looking statements, expressed or implied, included in this communication are expressly qualified in their entirety by this cautionary statement. This cautionary statement should also be considered in connection with any subsequent written or oral forward-looking statements that we or persons acting on our behalf may issue. Except as otherwise required by applicable law, we disclaim any duty to update any forward-looking statements, all of which are expressly qualified by the statements in this section, to reflect events or circumstances after the date of this communication.
Estimates for our future production volumes are based on assumptions of capital expenditure levels and the assumption that market demand and prices for oil and gas will continue at levels that allow for economic production of these products. The production, transportation, marketing and storage of oil and gas are subject to disruption due to transportation, processing and storage availability, mechanical failure, human error, hurricanes and numerous other factors. Our estimates are based on certain other assumptions, such as well performance, which may vary significantly from those assumed. Therefore, we can give no assurance that our future production volumes will be as estimated.
RESERVE INFORMATION
Reserve engineering is a process of estimating underground accumulations of oil, natural gas and NGLs that cannot be measured in an exact way. The accuracy of any reserve estimate depends on the quality of available data, the interpretation of such data and price and cost assumptions made by reserve engineers. In addition, the results of drilling, testing and production activities may justify revisions upward or downward of estimates that were made previously. If significant, such revisions would change the schedule of any further production and development drilling.
Accordingly, reserve estimates may differ significantly from the quantities of oil, natural gas and NGLs that are ultimately recovered. In addition, we use the term "cumulative gross unrisked resource" in this release, which is not a measure of "reserves" prepared in accordance with SEC guidelines or permitted to be included in SEC filings. These resource estimates are inherently more uncertain than estimates of reserves prepared in accordance with SEC guidelines.
SUPPLEMENTAL NON-GAAP INFORMATION
Certain financial information included in our financial results are not measures of financial performance recognized by accounting principles generally accepted in the United States, or GAAP. These non-GAAP financial measures are "Adjusted Net Income (Loss)," "Adjusted Earnings per Share," "EBITDA," "Adjusted EBITDA," "Adjusted EBITDA excluding hedges," "Adjusted EBITDA Margin," "Adjusted EBITDA Margin excluding hedges," "Free Cash Flow," "Net Debt," "LTM Adjusted EBITDA," "Credit Facility LTM Adjusted EBITDA", "Net Debt to Credit Facility LTM Adjusted EBITDA" and "Leverage". These disclosures may not be viewed as a substitute for results determined in accordance with GAAP and are not necessarily comparable to non-GAAP measures which may be reported by other companies.
Reconciliation of Net Income (Loss) to EBITDA and Adjusted EBITDA
"EBITDA" and "Adjusted EBITDA" are used to provide management and investors with (i) additional information to evaluate, with certain adjustments, items required or permitted in calculating covenant compliance under our debt agreements, (ii) important supplemental indicators of the operational performance of our business, (iii) additional criteria for evaluating our performance relative to our peers and (iv) supplemental information to investors about certain material non-cash and/or other items that may not continue at the same level in the future. EBITDA and Adjusted EBITDA have limitations as analytical tools and should not be considered in isolation or as substitutes for analysis of our results as reported under GAAP or as alternatives to net income (loss), operating income (loss) or any other measure of financial performance presented in accordance with GAAP. We define these as the following:
EBITDA. Net income (loss) plus interest expense, income tax expense (benefit), depreciation, depletion and amortization and accretion expense.
Adjusted EBITDA. EBITDA plus non-cash write-down of oil and natural gas properties, transaction and other (income) expenses, the net change in the fair value of derivatives (mark to market effect, net of cash settlements and premiums related to these derivatives), (gain) loss on debt extinguishment, non-cash write-down of other well equipment inventory and non-cash equity-based compensation expense.
We also present Adjusted EBITDA excluding hedges and as a percentage of revenue to further analyze our business, which are outlined below:
Adjusted EBITDA Margin. EBITDA divided by Revenue, as a percentage. It is also defined as Adjusted EBITDA divided by the total production volume, expressed in Boe, in the period, and described as dollar per Boe. We believe the presentation of Adjusted EBITDA margin is important to provide management and investors with information about how much we retain in Adjusted EBITDA terms as compared to the revenue we generate and how much per barrel we generate after accounting for certain operational and corporate costs.
The following table presents a reconciliation of the GAAP financial measure of net income (loss) to EBITDA, Adjusted EBITDA, Adjusted EBITDA excluding hedges, Adjusted EBITDA Margin and Adjusted EBITDA Margin excluding hedges for each of the periods indicated (in thousands, except for Boe, $/Boe and percentage data):
Reconciliation of Adjusted EBITDA to Free Cash Flow
"Free Cash Flow" before changes in working capital provides management and investors with (i) important supplemental indicators of the operational performance of our business, (ii) additional criteria for evaluating our performance relative to our peers and (iii) supplemental information to investors about certain material non-cash and/or other items that may not continue at the same level in the future. Free Cash Flow has limitations as an analytical tool and should not be considered in isolation or as substitutes for analysis of our results as reported under GAAP or as alternatives to net income (loss), operating income (loss) or any other measure of financial performance presented in accordance with GAAP. We define these as the following:
Capital Expenditures and Plugging & Abandonment. Actual capital expenditures and plugging & abandonment recognized in the quarter, inclusive of accruals.
Interest Expense. Actual interest expense per the income statement.
Talos did not pay any cash taxes in the period, therefore cash taxes have no impact to the reported Free Cash Flow before changes in working capital number.
Reconciliation of Net Income (Loss) to Adjusted Net Income (Loss) and Adjusted Earnings per Share
"Adjusted Net Income (Loss)" and "Adjusted Earnings per Share" are to provide management and investors with (i) important supplemental indicators of the operational performance of our business, (ii) additional criteria for evaluating our performance relative to our peers and (iii) supplemental information to investors about certain material non-cash and/or other items that may not continue at the same level in the future. Adjusted Net Income (Loss) and Adjusted Earnings per Share have limitations as analytical tools and should not be considered in isolation or as a substitute for analysis of our results as reported under GAAP or as an alternative to net income (loss), operating income (loss), earnings per share or any other measure of financial performance presented in accordance with GAAP.
Adjusted Net Income (Loss). Net income (loss) plus accretion expense, transaction related costs, derivative fair value (gain) loss, net cash receipts (payments) on settled derivative instruments and non-cash equity-based compensation expense.
Adjusted Earnings per Share. Adjusted Net Income (Loss) divided by the number of common shares.
Reconciliation of Total Debt to Net Debt and Net Debt to LTM Adjusted EBITDA and Credit Facility LTM Adjusted EBITDA
We believe the presentation of Net Debt, LTM Adjusted EBITDA, Credit Facility LTM Adjusted EBITDA, Net Debt to LTM Adjusted EBITDA and Net Debt to Credit Facility LTM Adjusted EBITDA is important to provide management and investors with additional important information to evaluate our business. These measures are widely used by investors and ratings agencies in the valuation, comparison, rating and investment recommendations of companies
Net Debt. Total Debt principal of the Company plus the finance lease balance minus cash and cash equivalents.
Net Debt to LTM Adjusted EBITDA. Net Debt divided by the LTM Adjusted EBITDA.
Net Debt to Credit Facility LTM Adjusted EBITDA. Net Debt divided by the Credit Facility LTM Adjusted EBITDA.
The Adjusted EBITDA information included in this communication provides additional relevant information to our investors and creditors. Talos needs to comply with a financial covenant included in its Bank Credit Facility that requires it to maintain a Net Debt to Credit Facility LTM Adjusted EBITDA ratio, as determined in accordance with the Company's credit agreement, equal to or lower than 3.0x. For purposes of covenant compliance, Credit Facility LTM Adjusted EBITDA, with certain adjustments, is calculated as the sum of quarterly Adjusted EBITDA for the 12-month period ended on that quarter, inclusive of revenue less direct operating expenditures of the Acquired Assets for periods prior to closing of the Transaction.
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LINCOLN, Neb., Aug. 4, 2022 /PRNewswire/ -- Midwest Holding Inc. ("Midwest") (NASDAQ: MDWT) today announced plans to host a conference call to discuss its financial and operating results for the second quarter of 2022 on August 16, 2022, at 8:30 a.m. Eastern Time. The Company also plans to post those results on the investor relations section of its website at https://ir.midwestholding.com after the close of the financial markets on August 15, 2022.
To register for this conference call, please use the following link: https://ige.netroadshow.com/registration/q4inc/11308/midwest-holding-inc-reports-second-quarter-2022-results/ . Registrants will receive a confirmation email with dial-in details.
The call may also be accessed via webcast at this link: https://events.q4inc.com/attendee/619100939
A replay of the webcast will be made available after the call on the Investor Relations page of the Company's website at https://ir.midwestholding.com
About Midwest Holding Inc.
Midwest Holding Inc. is a technology-enabled, services-oriented annuity platform. Midwest designs and develops in-demand annuity products that are distributed through independent distribution channels to a large and growing demographic of U.S. retirees. Midwest originates, manages and typically transfers these annuities through reinsurance arrangements to asset managers and other third-party investors. Midwest also provides the operational and regulatory infrastructure and expertise to enable asset managers and third-party investors to form and manage their own reinsurance capital vehicles.
Contacts
For more information, please visit www.midwestholding.com
Investor contact: ir@midwestholding.com
Media inquiries: press@midwestholding.com
SOURCE Midwest Holding Inc.
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SOURCE Midwest Holding Inc. | https://www.wymt.com/prnewswire/2022/08/04/midwest-holding-schedules-conference-call-review-results-second-quarter-2022/ | 2022-08-04T21:37:16Z | https://www.wymt.com/prnewswire/2022/08/04/midwest-holding-schedules-conference-call-review-results-second-quarter-2022/ | false |
CALLAWAY GOLF COMPANY ANNOUNCES RECORD SECOND QUARTER 2022 RESULTS AND RAISES FULL YEAR GUIDANCE
Published: Aug. 4, 2022 at 3:24 PM CDT|Updated: 1 hour ago
Second Quarter Revenue Increase Driven by Strong Demand and Strength Across All Segments
Topgolf Delivers 8% Growth in Same Venue Sales Compared to 2019
Q2 2022 consolidated net revenues increased $202.1 million to $1,115.7 million, an increase of 22.1% compared to Q2 2021
Q2 2022 GAAP net income of $105.4 million and non-GAAP net income of $93.5 million
Q2 2022 Adjusted EBITDA increased $42.8 million to $207.3 million, an increase of 26.0% compared to Q2 2021
Increased full year 2022 revenue outlook to $3,945 million - $3,970 million and Adjusted EBITDA outlook to $555 million - $565 million
CARLSBAD, Calif., Aug. 4, 2022 /PRNewswire/ -- Callaway Golf Company (the "Company" or "Callaway") (NYSE: ELY) announced record financial results for the second quarter and six months ended June 30, 2022.
"We were very pleased with our second quarter financial results," commented Chip Brewer, President and Chief Executive Officer of Callaway. "Our second quarter revenues increased 22%, reflecting increases in all major product categories, in all major regions and in all operating segments. Continued strong demand, along with market share gains, pricing and other business improvements we implemented this year have allowed us to outrun the ubiquitous inflationary pressures, unfavorable foreign currency exchange rates and staffing challenges. As a result, our Adjusted EBITDA increased 26%. While we are not immune from these macroeconomic headwinds, we believe we can continue to manage through them and our business remains strong overall. We are therefore increasing our full year guidance."
GAAP, NON-GAAP AND PRO FORMA RESULTS In addition to the Company's results prepared in accordance with GAAP, the Company has provided information on a non-GAAP and pro forma basis. The manner in which the non-GAAP information is derived is discussed further toward the end of this release, and the Company has provided in the tables to this release a reconciliation of the non-GAAP information to the most directly comparable GAAP information. The 2021 results presented on a pro forma basis include Topgolf results for January and February prior to the closing of the merger on March 8, 2021.
SUMMARY OF FINANCIAL RESULTS
The Company announced the following GAAP and non-GAAP financial results for the three and six months ended June 30, 2022 and 2021 (in millions, except earnings per share).
NON-GAAP RESULTS
Non-GAAP results exclude certain non-recurring and non-cash adjustments as defined further below.
Second Quarter 2022 Financial Highlights (All comparisons to prior periods are calculated on a year-over-year basis.)
Net revenues increased $202.1 million (or 22.1%), driven by a $78.3 million (or 24.1%) increase in the Topgolf segment, a $50.6 million (or 12.6%) increase in the Golf Equipment segment and a $73.2 million (or 39.2%) increase in the Active Lifestyle segment (formerly named "Apparel, Gear and Other"). Changes in foreign currency rates had a $38.6 million negative impact on net revenues for the quarter ended June 30, 2022.
GAAP income from operations increased $21.7 million (or 20.2%) and non-GAAP income from operations increased $17.1 million (or 14.5%), due to strong sales across all segments, product categories and regions. While changes in foreign currency rates, increased freight expense and other inflationary impacts put pressure on operating margins, the Company was generally able to offset these through the continued success of the Topgolf venues, price increases and increased sales volumes and efficiencies, resulting in an increase in operating income across all segments.
GAAP other expense decreased $10.7 million (or 34.1%) and non-GAAP other expense decreased $7.5 million (or 27.8%), primarily due to an increase in hedge gains related to the dollar strengthening across most major currencies during the quarter, and partially offset by an increase in interest expense related to deemed landlord financing interest on additional Topgolf venues and higher variable rates on the Company's term loans and asset-based revolving credit facility.
GAAP net income increased $13.7 million (or 14.9%) quarter over quarter, primarily due to strong performance of the operating segments, partially offset by a $15.8 million change in the Company's tax valuation allowance. On a non-GAAP basis, which excludes the change in the valuation allowance, amongst other items, non-GAAP net income for the quarter ended June 30, 2022 was $93.5 million compared to $70.5 million for the same period in 2021.
GAAP earnings per diluted common share was $0.53 for the quarter ended June 30, 2022, compared to $0.47 per diluted common share for the same period in 2021. Non-GAAP earnings per diluted common share was $0.47 for the quarter ended June 30, 2022, compared to $0.36 per diluted common share for the same period in 2021. Weighted average diluted shares totaled 200.6 million shares for the quarter ended June 30, 2022, compared to 194.3 million shares for the same period in 2021, an increase of 6.3 million shares. The increased share count is primarily related to a change in accounting guidance, which took effect on January 1, 2022, and requires the Company to assume the full conversion of 14.7 million shares related to its convertible notes in its weighted average diluted share calculation.
Adjusted EBITDA for the quarter ended June 30, 2022 increased $42.8 million, (or 26.0%), which consisted of a $29.2 million increase from Topgolf and a $13.6 million increase from the non-Topgolf business, which includes continued investment in the corporate functions.
SEGMENT RESULTS
The table below provides net revenues by segment for the three and six months ended June 30, 2022 and 2021 (in millions):
The table below provides the breakout of segment operating income for the three and six months ended June 30, 2022 and 2021 (in millions):
Second Quarter 2022 Segment Highlights
(All comparisons to prior periods are calculated on a year-over-year basis)
Topgolf
Golf Equipment
Active Lifestyle
The following is a reconciliation of income before income taxes to total segment operating income for the three and six months ended June 30, 2022 and 2021 (in millions):
2022 BUSINESS OUTLOOK The 2022 projections set forth below are based on the Company's best estimates at this time. They include the estimated impact of certain factors, including (1) ongoing impact of COVID-19, (2) changes in foreign currency rates, and (3) freight costs and other inflationary pressures.
Net Revenues: The Company currently estimates that its full year 2022 net revenue will be within the range of $3,945 million - $3,970 million, which includes $129 million of negative foreign currency impact. The full year 2022 net revenue estimate assumes Topgolf segment revenue of approximately $1.56 billion, consistent with previous guidance. It also assumes Golf Equipment segment revenue growth of 12% or more, up from prior guidance of approximately 10%, and the Active Lifestyle segment revenue reaching approximately $1 billion, consistent with previous guidance. On a consolidated basis, 2022 full year revenue is estimated to increase over 20% compared to 2021.
Adjusted EBITDA: The Company is increasing its full year 2022 Adjusted EBITDA guidance to $555 million - $565 million, an increase of $15 million at the midpoint of guidance compared to prior guidance driven by increases in both the Golf Equipment and Topgolf segments. The full year 2022 Adjusted EBITDA guidance estimate for the Topgolf segment is $235 million - $245 million. On a consolidated basis, at the midpoint of guidance, 2022 full year Adjusted EBITDA is estimated to increase by $100 million compared to 2021.
Net Revenues: The Company currently estimates that its second half 2022 net revenue will be within the range of $1,790 million - $1,815 million, which includes $69 million of negative foreign currency impact. This represents an increase in each of our operating segments and on a consolidated basis represents an approximate 15% increase in revenue over 2021 for the second half.
We expect total Company third quarter net revenue to increase approximately 11% to $940 million - $955 million, which includes $42 million of negative foreign currency impact, compared to net revenues of $856 million in the third quarter of 2021. Given the second half launch timing of golf equipment products in 2022 versus 2021, net revenue for the golf equipment segment is expected to be down mid-to-high single digits in the third quarter but is expected to increase double digits in the fourth quarter, resulting in growth of 12% or more for the full year. The other two segments are expected to grow by double digits in both the third and fourth quarters.
Adjusted EBITDA: The Company currently estimates that its second half 2022 Adjusted EBITDA will be within the range of $178 million - $188 million compared to $153 million in the second half of 2021. Given foreign exchange headwinds and difference in timing of new golf equipment product launches compared to 2021, the Company expects consolidated Adjusted EBITDA to decrease in the third quarter but increase in the fourth quarter. Third quarter Adjusted EBITDA is estimated to be between $122 - $132 million in 2022 compared to $139 million in 2021. The Company expects that Adjusted EBITDA will increase significantly in the fourth quarter of 2022 compared to 2021, resulting in an overall 20% increase in Adjusted EBITDA in the second half of 2022.
ADDITIONAL INFORMATION AND DISCLOSURES Conference Call and Webcast The Company will be holding a conference call at 2:00 p.m. Pacific time today, August 4, 2022, to discuss the Company's financial results, outlook and business. The call will be broadcast live over the Internet and can be accessed at http://ir.callawaygolf.com/. A replay of the conference call will be available approximately two hours after the call ends, and will remain available through 9:00 p.m. Pacific time on August 11, 2022. The replay may be accessed through the Internet at http://ir.callawaygolf.com/.
Non-GAAP Information The GAAP results contained in this press release and the financial statement schedules attached to this press release have been prepared in accordance with accounting principles generally accepted in the United States of America ("GAAP"). To supplement the GAAP results, the Company has provided certain non-GAAP financial information as follows:
Constant Currency Basis. The Company provided certain information regarding the Company's financial results or projected financial results on a "constant currency basis." This information estimates the impact of changes in foreign currency rates on the translation of the Company's current or projected future period financial results as compared to the applicable comparable period. This impact is derived by taking the current or projected local currency results and translating them into U.S. dollars based upon the foreign currency exchange rates for the applicable comparable period. It does not include any other effect of changes in foreign currency rates on the Company's results or business.
Non-Recurring and Non-cash Adjustments. The Company provided information excluding certain non-cash amortization and depreciation of intangibles and other assets related to the Company's acquisitions, IT integration and implementation costs associated with new ERP systems for certain new subsidiaries and impairment charges related to the suspension of the Jack Wolfskin business in Russia in 2022, non-cash amortization of the debt discount related to the Company's convertible notes in 2021, acquisition and other non-recurring items (including integration costs and a $252.5 million non-cash gain in 2021 resulting from the Company's pre-merger equity position in Topgolf), and changes in the Company's non-cash valuation allowance recorded against certain of the Company's deferred tax assets as a result of the Topgolf merger.
Adjusted EBITDA. The Company provides information about its results excluding interest, taxes, depreciation and amortization expenses, non-cash stock compensation expense, non-cash lease amortization expense, and the non-recurring and non-cash items referenced above.
In addition, the Company has included in the schedules attached to this release a reconciliation of certain non-GAAP information to the most directly comparable GAAP information. The non-GAAP information presented in this release and related schedules should not be considered in isolation or as a substitute for any measure derived in accordance with GAAP. The non-GAAP information may also be inconsistent with the manner in which similar measures are derived or used by other companies. Management uses such non-GAAP information for financial and operational decision-making purposes and as a means to evaluate period-over-period comparisons and in forecasting the Company's business going forward. Management believes that the presentation of such non-GAAP information, when considered in conjunction with the most directly comparable GAAP information, provides additional useful comparative information for investors in their assessment of the underlying performance of the Company's business with regard to these items. The Company has provided reconciling information in the attached schedules.
For forward-looking Adjusted EBITDA information provided in this release, reconciliation of such forward-looking Adjusted EBITDA to the most closely comparable GAAP financial measure (net income) is not provided because the Company is unable to provide such reconciliation without unreasonable efforts. The inability to provide a reconciliation is because the Company is currently unable to predict with a reasonable degree of certainty the type and extent of certain items that would be expected to impact net income in the future but would not impact Adjusted EBITDA. These items may include certain non-cash depreciation, which will fluctuate based on the Company's level of capital expenditures, non-cash amortization of intangibles related to the Company's acquisitions, income taxes, which can fluctuate based on changes in the other items noted and/or future forecasts, and other non-recurring costs and non-cash adjustments. Historically, the Company has excluded these items from Adjusted EBITDA. The Company currently expects to continue to exclude these items in future disclosures of Adjusted EBITDA and may also exclude other items that may arise. The events that typically lead to the recognition of such adjustments are inherently unpredictable as to if or when they may occur, and therefore actual results may differ materially. This unavailable information could have a significant impact on net income.
Definitions Same venue sales. Callaway defines same venue sales for its Topgolf business as sales for the comparable venue base, which is defined as the number of Company-operated venues with at least 24 full fiscal months of operations in the year of comparison.
Forward-Looking Statements
Statements used in this press release that relate to future plans, events, financial results, performance, prospects, or growth opportunities, including statements relating to the Company's (and its segments') third quarter, second half and full year 2022 guidance (including net revenue, same venue sales, Adjusted EBITDA and Topgolf segment Adjusted EBITDA), continued impact of the COVID-19 pandemic on the Company's business and the Company's ability to improve and recover from such impact, impact of any measures taken to mitigate the effect of the pandemic, strength and demand of the Company's products and services, continued brand momentum, demand for golf and outdoor activities and apparel, continued investments in the business, increases in shareholder value, post-pandemic consumer trends and behavior, future industry and market conditions, pricing of products and services, foreign currency effects and their impacts, impacts of inflation and freight and other supply challenges, and statements of belief and any statement of assumptions underlying any of the foregoing, are forward-looking statements as defined under the Private Securities Litigation Reform Act of 1995. The words "believe," "expect," "estimate," "could," "should," "intend," "may," "plan," "seek," "anticipate," "project" and similar expressions, among others, generally identify forward-looking statements, which speak only as of the date the statements were made and are not guarantees of future performance. These statements are based upon current information and expectations. Accurately estimating the forward-looking statements is based upon various risks and unknowns, including disruptions to business operations from additional regulatory restrictions in response to the COVID-19 pandemic (such as travel restrictions, government-mandated shut-down orders or quarantines) or voluntary "social distancing" that affects employees, customers and suppliers; costs, expenses or difficulties related to the merger with Topgolf, including the integration of the Topgolf business; failure to realize the expected benefits and synergies of the Topgolf merger in the expected timeframes or at all; production delays, closures of manufacturing facilities, retail locations, warehouses and supply and distribution chains; staffing shortages as a result of remote working requirements or otherwise; uncertainty regarding global economic conditions, particularly the uncertainty related to the duration and ongoing impact of the COVID-19 pandemic, and related decreases in customer demand/spending and ongoing increases in operating and freight costs; global supply chain constraints and challenges (including, without limitation, as a result of any prolonged shutdown in China); the Company's level of indebtedness; continued availability of credit facilities and liquidity and ability to comply with applicable debt covenants; effectiveness of capital allocation and cost/expense reduction efforts; continued brand momentum and product success; growth in the direct-to-consumer and e-commerce channels; ability to realize the benefits of the continued investments in the Company's business; consumer acceptance of and demand for the Company's and its subsidiaries' products and services; cost of living and inflationary pressures; any changes in U.S. trade, tax or other policies, including restrictions on imports or an increase in import tariffs; future consumer discretionary purchasing activity, which can be significantly adversely affected by unfavorable economic or market conditions; future retailer purchasing activity, which can be significantly negatively affected by adverse industry conditions and overall retail inventory levels; and future changes in foreign currency exchange rates and the degree of effectiveness of the Company's hedging programs. Actual results may differ materially from those estimated or anticipated as a result of these risks and unknowns or other risks and uncertainties, including the effect of terrorist activity, armed conflict, natural disasters or pandemic diseases, including expanded outbreak of COVID-19 and its variants, on the economy generally, on the level of demand for the Company's and its subsidiaries' products and services or on the Company's ability to manage its operations, supply chain and delivery logistics in such an environment; delays, difficulties or increased costs in the supply of components or commodities needed to manufacture the Company's products or in manufacturing the Company's products; and a decrease in participation levels in golf generally, during or as a result of the COVID-19 pandemic. For additional information concerning these and other risks and uncertainties that could affect these statements and the Company's business, see the Company's Annual Report on Form 10-K for the year ended December 31, 2021 as well as other risks and uncertainties detailed from time to time in the Company's reports on Forms 10-Q and 8-K subsequently filed with the Securities and Exchange Commission. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. The Company undertakes no obligation to republish revised forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.
About Callaway Golf Company
Callaway Golf Company (NYSE: ELY) is an unrivaled, tech-enabled modern golf and active lifestyle company delivering leading golf equipment, apparel and entertainment, with a portfolio of global brands including Callaway Golf, Topgolf, Odyssey, OGIO, TravisMathew and Jack Wolfskin. Through an unwavering commitment to innovation, Callaway manufactures and sells premium golf clubs, golf balls, golf and lifestyle bags, golf and lifestyle apparel and other accessories, and provides world-class golf entertainment experiences through Topgolf, its wholly-owned subsidiary. For more information please visit www.callawaygolf.com, www.topgolf.com, www.odysseygolf.com, www.OGIO.com, www.travismathew.com, and www.jack-wolfskin.com.
The above press release was provided courtesy of PRNewswire. The views, opinions and statements in the press release are not endorsed by Gray Media Group nor do they necessarily state or reflect those of Gray Media Group, Inc. | https://www.wafb.com/prnewswire/2022/08/04/callaway-golf-company-announces-record-second-quarter-2022-results-raises-full-year-guidance/ | 2022-08-04T21:38:52Z | https://www.wafb.com/prnewswire/2022/08/04/callaway-golf-company-announces-record-second-quarter-2022-results-raises-full-year-guidance/ | false |
THE WOODLANDS, Texas, Aug. 4, 2022 /PRNewswire/ -- Huntsman Corporation (NYSE: HUN) today announced that its board of directors has declared a $0.2125 per share cash dividend on its common stock. The dividend is payable on September 30, 2022, to stockholders of record as of September 15, 2022.
About Huntsman:
Huntsman Corporation is a publicly traded global manufacturer and marketer of differentiated and specialty chemicals with 2021 revenues of approximately $8 billion. Our chemical products number in the thousands and are sold worldwide to manufacturers serving a broad and diverse range of consumer and industrial end markets. We operate more than 70 manufacturing, R&D and operations facilities in approximately 30 countries and employ approximately 9,000 associates within our four distinct business divisions. For more information about Huntsman, please visit the company's website at www.huntsman.com.
Social Media:
Twitter: www.twitter.com/Huntsman_Corp
Facebook: www.facebook.com/huntsmancorp
LinkedIn: www.linkedin.com/company/huntsman
Forward-Looking Statements:
Certain information in this release constitutes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These statements are based on management's current beliefs and expectations. The forward-looking statements in this release are subject to uncertainty and changes in circumstances and involve risks and uncertainties that may affect the company's operations, markets, products, services, prices and other factors as discussed under the caption "Risk Factors" in the Huntsman companies' filings with the U.S. Securities and Exchange Commission. Significant risks and uncertainties may relate to, but are not limited to, volatile global economic conditions, cyclical and volatile product markets, disruptions in production at manufacturing facilities, reorganization or restructuring of Huntsman's operations, including any delay of, or other negative developments affecting the ability to implement cost reductions, timing of proposed transactions, and manufacturing optimization improvements in Huntsman businesses and realize anticipated cost savings, and other financial, economic, competitive, environmental, political, legal, regulatory and technological factors. The company assumes no obligation to provide revisions to any forward-looking statements should circumstances change, except as otherwise required by applicable laws.
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SOURCE Huntsman Corporation | https://www.wafb.com/prnewswire/2022/08/04/huntsman-announces-third-quarter-2022-common-dividend/ | 2022-08-04T21:40:27Z | https://www.wafb.com/prnewswire/2022/08/04/huntsman-announces-third-quarter-2022-common-dividend/ | false |
WASHINGTON — The Supreme Court ruling expanding gun rights threatens to upend firearms restrictions across the country as activists wage court battles over everything from bans on AR-15-style guns to age limits.
The decision handed down in June already has led one judge to temporarily block a Colorado town from enforcing a ban on the sale and possession of certain semi-automatic weapons.
The first major gun decision in more than a decade, the ruling could dramatically reshape gun laws in the U.S. even as a series of horrific mass shootings pushes the issue back into the headlines.
“The gun rights movement has been given a weapon of mass destruction, and it will annihilate approximately 75% of the gun laws eventually," said Evan Nappen, a New Jersey gun rights attorney.
The court battles come as the Biden administration and police departments across the U.S. struggle to combat a surge in violent crime and mass shootings, including several high-profile killings carried out by suspects who purchased their guns legally.
And given the sheer number of cases now working through the courts, a lot more time will be spent in courtrooms no matter who wins.
“We will see a lot of tax dollars and government resources that should be used to stop gun crime being used to defend gun laws that are lifesaving and wildly popular," said Jonathan Lowry, chief counsel and vice president at Brady, the gun control group.
Congress broke through years of deadlock to pass a modest gun violence prevention package weeks ago, and the House voted to renew a ban on high-powered semi-automatic weapons, though that effort is likely doomed in the Senate as Republicans push back on firearms restrictions and say recent spikes in gun violence should be met with a stepped-up police response.
The Supreme Court decision struck down a New York law requiring people to demonstrate a particular need to get a license to carry a concealed gun in public, saying it violates Second Amendment rights. Several other states including California, Hawaii, Maryland, Massachusetts, New Jersey and Rhode Island have similar laws expected to be directly impacted by the ruling.
In Massachusetts, for example, police chiefs can no longer deny or impose restrictions on licenses just because the applicant doesn’t have a “good reason” to carry a gun. New York quickly passed a new concealed-weapon law, but Republicans there predict it will also end up being overturned.
In its New York ruling, the high court's conservative majority also changed a test lower courts had used for evaluating challenges to gun laws.
Judges should no longer consider whether the law serves public interests like enhancing public safety, the opinion authored by Justice Clarence Thomas said. Instead, they should only weigh whether the law is “consistent with the Second Amendment’s text and historical understanding.”
“Basically, the Supreme Court has given an invitation for the gun lobby to file lawsuits against virtually every gun law in America,” Lowry said.
The Supreme Court has ordered lower courts to take another look at several other cases under the court’s new test. Among them: laws in California and New Jersey that limit the amount of ammunition a gun magazine can hold and a 2013 ban on “assault weapons” in Maryland.
Gun rights groups are also challenging similar bans in California, New York, New Jersey and Delaware.
“The rifles at issue in this case are the sorts of bearable arms in common use for lawful purposes that responsible and peaceable people across the United States possess by the millions. And they are, moreover, exactly what they would bring to service in militia duty, should such be necessary,” a New Jersey lawsuit brought in June by the Firearms Policy Coalition says, referencing the language of the Second Amendment.
The ruling also has come up in challenges to restrictions on gun possession for 18- to 20-year-olds in Texas and Pennsylvania. And it has been cited in a case challenging a federal ban on gun possession for people convicted of nonviolent crimes punishable by more than a year behind bars, as well as a prohibition on concealed guns on the subway in Washington, D.C.
In addition, a gun rights group is suing Colorado over the state’s 2013 ban on magazines that hold more than 15 rounds, saying the high court ruling reinforces the group’s argument that it infringes on Second Amendment rights. And the ruling has public defenders in New York City asking judges to drop gun possession cases.
Not all those lawsuits will necessarily be successful. The Texas attorney general, for example, argues the Supreme Court ruling doesn't affect the state's age limit law, and more state and local governments can certainly defend their gun laws as being in line with U.S. history.
Adam Skaggs, chief counsel and policy director at the Giffords Law Center to Prevent Gun Violence, predicted that when the dust settles, only laws “along the margins” will eventually be struck down.
“Most judges are going to see these for what they are, which is overreaching and lacking in any merit,” he said.
Backers of gun restrictions can also look to a concurring opinion from Justice Brett Kavanaugh.
Joined by Chief Justice John Roberts, Kavanaugh stressed that the Second Amendment does allow for a “variety” of gun regulations. He cited the use of background checks and mental health records as part of a licensing process to carry a gun and noted that states can forbid the carrying of firearms in “sensitive places” such as schools and government buildings.
But the Colorado decision handed down last month, while still early in the process, was a rosy sign for gun rights groups.
U.S. District Court Judge Raymond Moore, who was nominated by President Barack Obama, said he was sympathetic to the town's goal of preventing mass shootings like the one that killed 10 people at a grocery store in nearby Boulder last year. But Moore said he didn't know of “historical precedent” for a law banning “a type of weapon that is commonly used by law-abiding citizens for lawful purposes," so the gun rights groups have a strong case against the ordinance.
Encouraged by that decision, Taylor D. Rhodes, the executive director of the Rocky Mountain Gun Owners, told The Associated Press that his group was considering going after other gun measures in Colorado, where Democrats hold the majority in the state legislature and the governor's office.
Referring to the Supreme Court’s ruling, Rhodes said: “The Bruen decision gave us a 4-ton wrecking ball."
___
Richer reported from Boston. | https://www.12news.com/article/news/nation-world/supreme-court-guns/507-c71d2b6b-40ad-4ba9-becd-2bf045f115cf | 2022-08-04T21:41:02Z | https://www.12news.com/article/news/nation-world/supreme-court-guns/507-c71d2b6b-40ad-4ba9-becd-2bf045f115cf | false |
PINAL COUNTY, Ariz. — Editor's note: The above video aired during a previous broadcast.
Pinal County has hired a new elections director amid a "deeply embarrassing" primary election day ballot shortage controversy, county officials said in a press release on Thursday.
The county has hired now-former recorder Virginia Ross as the county's new elections director. The former election director, David Frisk, "is no longer in the position of Elections Director and is no longer employed by Pinal County."
The county did not clarify whether Frisk was fired or whether he resigned from his position.
Hundreds of voters may have been turned away in the county on Tuesday as numerous polling places experienced ballot shortages. The ballot shortage was due to an "unprecedented demand for in-person ballots" in certain precincts, the county said Tuesday on Twitter.
PREVIOUS COVERAGE: 'No evidence of nefarious acts': Officals to make changes after Pinal County ballot shortage
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12News+ showcases live video throughout the day for breaking news, local news, weather and even an occasional moment of Zen showcasing breathtaking sights from across Arizona. | https://www.12news.com/article/news/politics/elections/decision/pinal-county-new-elections-director-amid-primary-day-ballot-shortage/75-2848208a-c753-4cbc-9b9b-e6b078c9abd4 | 2022-08-04T21:41:08Z | https://www.12news.com/article/news/politics/elections/decision/pinal-county-new-elections-director-amid-primary-day-ballot-shortage/75-2848208a-c753-4cbc-9b9b-e6b078c9abd4 | true |
IRVINE, Scotland (AP) — Ayaka Furue of Japan ran off six straight birdies in the middle of her round and rallied from a four-shot deficit with a 10-under 62 to win the Women’s Scottish Open on Sunday for her first LPGA Tour title.
A seven-time winner on the Japan LPGA — once as an amateur — Furue became the second rookie to win on the LPGA Tour this year, and she did it in style at Dundonald Links.
Starting the final round four shots behind Celine Boutier of France, the 22-year-old finished the front nine with four straight birdies and added two more to start the back nine. She never let up, playing bogey-free to win by three.
Boutier was still in good shape until making three bogeys on the back nine for a 69.
Furue finished at 21-under 267 and won $300,000, along with valuable momentum going into the final major of the year next week in the Women’s British Open at Muirfield.
She began to show her full potential late last year on the Japan LPGA when Furue won three tournaments in a four-week stretch and tied for third in the other. Furue finished second on the money list behind Olympic silver-medalist Moni Inami, earned an LPGA card through the qualifying tournament and came into the Women’s Scottish Open at No. 30 in the world.
Hyo Joo Kim of South Korea (66) and Cheyenne Knight of the United States (67) tied for third, four shots behind.
Lydia Ko of New Zealand, the 36-hole leader, faded to a 71-71 weekend and tied for fifth.
___
More AP golf: https://apnews.com/hub/golf and https://twitter.com/AP_Sports
Copyright 2022 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed without permission. | https://wtmj.com/national/2022/07/31/ayaka-furue-wins-womens-scottish-open-for-1st-lpga-win/ | 2022-08-04T21:41:19Z | https://wtmj.com/national/2022/07/31/ayaka-furue-wins-womens-scottish-open-for-1st-lpga-win/ | false |
AUSTIN, Texas, Aug. 4, 2022 /PRNewswire/ -- Aviat Networks, Inc. (NASDAQ: AVNW), the leading expert in wireless transport solutions, announced today that it will release its fourth quarter fiscal 2022 and full year financial results for the period ended July 1, 2022, on August 23, 2022, after the market closes.
The Company will host an earnings conference call and webcast to discuss its financial and operational results on the same day, beginning at 5:00 p.m. ET. Participating on the call will be Pete Smith, President and Chief Executive Officer, and David Gray, Chief Financial Officer.
Interested parties may access the conference call live via the webcast through Aviat Network's Investor Relations website at https://investors.aviatnetworks.com/events-and-presentations/events, or may participate via telephone by registering using this online form. Once registered, telephone participants will receive the dial-in number along with a unique PIN number that must be used to access the call. A replay of the conference call webcast will be available after the call on the Company's investor relations website.
About Aviat Networks, Inc.
Aviat Networks, Inc. is the leading expert in wireless transport solutions and works to provide dependable products, services and support to its customers. With more than one million systems sold into 170 countries worldwide, communications service providers and private network operators including state/local government, utility, federal government and defense organizations trust Aviat with their critical applications. Coupled with a long history of microwave innovations, Aviat provides a comprehensive suite of localized professional and support services enabling customers to drastically simplify both their networks and their lives. For more than 70 years, the experts at Aviat have delivered high-performance products, simplified operations, and the best overall customer experience. Aviat Networks is headquartered in Austin, Texas. For more information, visit www.aviatnetworks.com or connect with Aviat Networks on Twitter, Facebook and LinkedIn.
Investor Contact
Andrew Fredrickson
Director, Corporate Development and Investor Relations
(408) 501-6214
andrew.fredrickson@aviatnet.com
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SOURCE Aviat Networks, Inc. | https://www.wistv.com/prnewswire/2022/08/04/aviat-networks-sets-date-its-fiscal-2022-fourth-quarter-full-year-financial-results-announcement-conference-call/ | 2022-08-04T21:41:35Z | https://www.wistv.com/prnewswire/2022/08/04/aviat-networks-sets-date-its-fiscal-2022-fourth-quarter-full-year-financial-results-announcement-conference-call/ | false |
Published: Aug. 4, 2022 at 4:21 PM EDT|Updated: 1 hour ago
Recognized a net loss of $4.6 million, resulting primarily from fees and expenses related to the pending merger with PotlatchDeltic Corporation.
Produced Adjusted EBITDA of $13.7 million and $24.6 million in total revenues.
Captured blended net timber sales pricing 10% higher year over year driven by a 21% increase in sawtimber pricing.
Continued to generate significant premiums over TimberMart-South South-wide pricing averages as a result of prime timberlands located in strong local markets.
Generated $8.8 million in timberland sales, accelerating timing of full-year plan.
Acquired 1,300 acres of prime timberlands located in southeast Alabama for $2.2 million.
ATLANTA, Aug. 4, 2022 /PRNewswire/ -- CatchMark Timber Trust, Inc. (NYSE: CTT) today reported second quarter 2022 results.
Brian M. Davis, CatchMark's President and CEO, said: "Second quarter results were in line with our business plan. They reflect planned lower harvest volumes in the U.S. South, partially offset by higher timber sales pricing, and last year's Bandon disposition in the Pacific Northwest as well as lower asset management fees due to last year's Triple T exit. Net loss was attributable to fees and expenses related to the pending PotlatchDeltic merger. We continued to achieve pricing premiums across our prime U.S. South timberlands as compared to market averages, in particular generating strong sawtimber pricing. Year over year, we also completed more timberland sales as planned. Net cash from operating activities and cash available for distribution comfortably covered our quarterly dividend."
The timing of the declaration of a third quarter CatchMark dividend and its payment date will depend on the timing of the closing of the merger with PotlatchDeltic. The merger is expected to close by the end of the third quarter.
SECOND QUARTER 2022 RESULTS
The following table summarizes the current quarter and comparable prior year period results:
Business Segments Overview
Harvest Operations
Timber sales revenue and Harvest EBITDA were each 27% lower year over year as a result of lower harvest volumes.
Overall harvest volumes were down 24% year over year due to planned reduced harvests in the U.S. South and the 2021 sale of the Bandon timberlands in the Pacific Northwest.
In the U.S. South, where CatchMark now operates exclusively, timber sales revenue of $14.7 million was 10% lower year over year due to a planned 19% decrease in harvest volumes, offset by 10% increase in blended net timber sales pricing year over year.
Sawtimber pricing increased 21% year over year while pulpwood pricing was down 5%.
Harvests from CatchMark's prime timberlands located exclusively in leading mill markets across the U.S. South continued to generate significant pricing premiums over TimberMart-South South-wide averages during the second quarter.
Sawtimber mix, as a percentage of total volume, increased to 41% from 39% year over year.
Real Estate
Timberland Sales
Timberland sales revenue increased 16% year over year due to selling 1,400 more acres in second quarter 2022 than in second quarter 2021, meeting plan targets.
Real Estate EBITDA increased 18% as a result of higher timberland sales revenue.
Timberland sales price per acre at $1,564 was 10% lower than the $1,743 per-acre price achieved in second quarter 2021 due to lower productivity characteristics in the acres sold, including a significantly lower percentage of pine plantations.
The margin on timberland sales increased year over year to 27% despite the lower sales price per acre.
Acres sold in the current quarter had a significantly lower average merchantable timber stocking than the CatchMark portfolio average of 39 tons per acre at the beginning of the year.
CatchMark made no large dispositions during the quarter as the company's capital recycling program ended in 2021.
Timberland Acquisitions
CatchMark acquired the Big Island timberlands, comprising approximately 1,300 high-quality acres located in Barbour County, AL for $2.2 million, or $1,653 per acre. The acquired timberlands have a site index of 70 and comprise 82% pine plantations. The timberlands are located within a primary haul zone near existing CatchMark mill markets.
During the quarter, CatchMark also agreed to acquire 870 acres in Georgia for a total of $2.0 million. This transaction is expected to close in the third quarter.
Investment Management
The significant decreases in year-over-year asset management fee revenue, down 97%, and Investment Management EBITDA, down 87%, were due to last year's Triple T exit and the expiration of the related transition services agreement on March 31, 2022.
Incentive-based promotes and joint venture income continued to be generated from Dawsonville Bluffs as the joint venture continued to capitalize on strong demand for wetlands mitigation credits.
During the quarter, CatchMark recognized $0.3 million of income, $0.4 million of Adjusted EBITDA and received a $0.3 million cash distribution from Dawsonville Bluffs. After quarter's close, CatchMark received an additional $0.5 million cash distribution from the joint venture.
Capital Position and Share Repurchases
CatchMark maintained its strong balance sheet and ample liquidity during the quarter.
As of June 30, 2022, the company had $33.7 million of cash on hand and $253.6 million of borrowing capacity remaining under its credit facilities. There were no changes to its credit facilities during the quarter.
Interest expense decreased $0.6 million year over year to $2.8 million, primarily due to a 32% lower weighted-average debt outstanding balance, offset by higher weighted-average interest rates, which the company has effectively hedged against through its interest rate management program.
Covered Quarterly Dividend: Stockholders received a total of $3.6 million in dividend distributions, which were fully covered by net cash provided by operating activities and Cash Available for Distribution.
Share Repurchases: The company did not make any share repurchases during the quarter and had $13.7 million remaining under its share repurchase program as of June 30, 2022.
Conference Call Due to the company's pending merger with PotlatchDeltic Corporation, a second quarter 2022 earnings call will not be held.
About CatchMark CatchMark (NYSE: CTT) invests in prime timberlands located in the nation's leading mill markets, seeking to capture the highest value per acre and to generate sustainable yields through disciplined management and superior stewardship of its exceptional resources. Headquartered in Atlanta and focused exclusively on timberland ownership and management, CatchMark began operations in 2007 and owns interests in approximately 350,000 acres* of timberlands located in the U.S. South. For more information visit www.catchmark.com.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, as amended. Such forward-looking statements can generally be identified by our use of forward-looking terminology such as "may," "will," "expect," "intend," "anticipate," "estimate," "believe," "continue," or other similar words. However, the absence of these or similar words or expressions does not mean that a statement is not forward-looking. Forward-looking statements are not guarantees of performance and are based on certain assumptions, discuss future expectations, describe plans and strategies, contain projections of results of operations or of financial condition or state other forward-looking information. Forward-looking statements in this press release include, but are not limited to, statements about the timing of our third quarter dividend and the expected timing of the closing of the merger with PotlatchDeltic Corporation. Risks and uncertainties that could cause our actual results to differ from these forward-looking statements include, but are not limited to, that (i) the supply of timberlands available for acquisition that meet our investment criteria may be less than we currently anticipate; (ii) we may be unsuccessful in winning bids for timberland that are sold through an auction process; (iii) we may not be able to access external sources of capital at attractive rates or at all; (iv) potential increases in interest rates could have a negative impact on our business; (v) timber prices may not increase at the rate we currently anticipate or could decline, which would negatively impact our revenues; (vi) we may not generate the harvest volumes from our timberlands that we currently anticipate; (vii) the demand for our timber may not increase at the rate we currently anticipate or could decline due to changes in general economic and business conditions in the geographic regions where our timberlands are located, including as a result of the COVID-19 pandemic and the measures taken as a response thereto; (viii) a downturn in the real estate market, including decreases in demand and valuations, may adversely impact our ability to generate income and cash flow from sales of higher-and-better use properties; (ix) we may not be able to make large dispositions of timberland in capital recycling transactions at prices that are attractive to us or at all; (x) our dividends are not guaranteed and are subject to change; (xi) the markets for carbon sequestration credits, wetlands mitigation banking and solar projects are still developing and we maybe unsuccessful in generating the revenues from environmental initiatives that we currently expect or in the timeframe anticipated; (xii) the conditions to completion of the merger with PotlatchDeltic Corporation may not be satisfied on the timeline currently expected or at all; and (xiii) the factors described in Part I, Item 1A. Risk Factors of our Annual Report on Form 10-K for the year ended December 31, 2021, Part II, Item 1A. Risk Factors of our Quarterly Report on Form 10-Q for the period ended June 30, 2022, and our other filings with the Securities and Exchange Commission. Accordingly, readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. We undertake no obligation to update our forward-looking statements, except as required by law.
Important Additional Information about the Proposed Transaction
This communication is being made in respect of the proposed merger transaction involving PotlatchDeltic Corporation ("PotlatchDeltic) and CatchMark Timber Trust, Inc. ("CatchMark"). 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 such jurisdiction. In connection with the proposed transaction, PotlatchDeltic has filed with the Securities and Exchange Commission ("SEC") a Registration Statement on Form S-4 that constitutes a draft prospectus of PotlatchDeltic and which also includes a draft proxy statement of CatchMark. After the Registration Statement has been updated by an amendment and declared effective, CatchMark will mail the definitive proxy statement/prospectus to its stockholders. The proxy statement/prospectus related to the proposed merger will contain important information about PotlatchDeltic, CatchMark, the proposed transaction and related matters. Investors are urged to carefully read the proxy statement/prospectus and other documents filed or to be filed with the SEC (or incorporated by reference into the proxy statement/prospectus) in connection with the proposed merger, when available. Investors will be able to obtain free copies of the proxy statement/prospectus and other documents through the website maintained by the SEC at www.sec.gov. In addition, investors will be able to obtain free copies of the proxy statement/prospectus and other documents filed with the SEC by the parties on PotlatchDeltic's website at www.potlatchdeltic.com (which website is not incorporated herein by reference), for documents filed with the SEC by PotlatchDeltic, or on CatchMark's website at www.catchmark.com (which website is not incorporated herein by reference), for documents filed with the SEC by CatchMark.
Participants in the Solicitation
PotlatchDeltic and CatchMark and their respective directors and officers and certain other members of management and employees may be deemed to be participants in the solicitation of proxies from stockholders of CatchMark in connection with the merger transaction. Certain information about the directors and executive officers of PotlatchDeltic is set forth in its Annual Report on Form 10-K for the year ended December 31, 2021, which was filed with the SEC on February 17, 2022, and its proxy statement for its 2022 annual meeting of stockholders, which was filed with the SEC on March 29, 2022, and will be contained in the proxy statement/prospectus described above when it is filed with the SEC. Certain information about the directors and executive officers of CatchMark is set forth in its Annual Report on Form 10-K for the year ended December 31, 2021, which was filed with the SEC on March 3, 2022 and its proxy statement for its 2022 annual meeting of stockholders, which was filed with the SEC on April 15, 2022, and will be contained in the proxy statement/prospectus described above when it is filed with the SEC. You can obtain free copies of these document from PotlatchDeltic and CatchMark using the contact information above.
The above press release was provided courtesy of PRNewswire. The views, opinions and statements in the press release are not endorsed by Gray Media Group nor do they necessarily state or reflect those of Gray Media Group, Inc. | https://www.wistv.com/prnewswire/2022/08/04/catchmark-announces-second-quarter-2022-results/ | 2022-08-04T21:42:09Z | https://www.wistv.com/prnewswire/2022/08/04/catchmark-announces-second-quarter-2022-results/ | false |
Which lacrosse cleats are best?
It takes a lot of skill to play lacrosse at a high level, but wearing the proper gear can help you every step of the way. Protective equipment is crucial, but don’t underestimate the importance of a reliable pair of cleats. Lacrosse cleats are necessary for grip and let players move swiftly.
The Nike Alpha Huarache 8 Elite Lacrosse Cleats are the top choice if you’re looking for a high-quality pair. They have a lightweight and breathable construction that provides sufficient protection and traction.
What to know before you buy lacrosse cleats
Size and fit
Everybody has a unique foot shape, so it’s up to you to decide which lacrosse cleats you find comfortable. Some players have a slim foot shape, making most lacrosse cleats suitable, while others have a wide foot, meaning they have to look a little harder to find something that doesn’t constrict their feet too much. In any case, leaving some room in the toe box is paramount for a comfortable fit.
Type of cleat
There are three kinds of lacrosse cleats:
- Molded cleats have rubber or rigid plastic studs sculpted right onto the outsole plates, meaning they can’t be replaced if damaged. However, they’re more durable and versatile than metal cleats.
- Metal cleats offer the most grip and are ideal for soft or wet field conditions where additional grip is needed. They’re usually more expensive than molded cleats, but some have replaceable studs.
- Turf shoes are usually the cheapest and acceptable for training and playing on artificial surfaces. They have several small rubber nubs for traction and typically don’t wear out as fast as molded or metal cleats.
Ankle length
Although lacrosse requires players to be quick on their toes, you should look for shoes that provide enough stability to help prevent ankle rolling. Lacrosse cleats with a mid-cut or high-cut ankle length offer more support than low-cut ones, but their bulkier build can be a turnoff for agile players who want to maximize their speed at all times.
What to look for in quality lacrosse cleats
Cushioning
Lacrosse cleats must have sufficient foam cushioning in the midsole. Cushioning in the midsole makes them more comfortable by adding a protective layer between the bottom of your feet and the studs. It also makes shoes flexible, adds support and creates more efficient energy transfer, which is crucial for moving with agility.
Spike length
If you play indoor lacrosse, turf shoes are your best bet, but cleats with shorter studs are ideal for short grass or dry surfaces. Cleats with longer spikes are suitable for playing on wet or muddy fields where extra traction is beneficial.
Color
Most lacrosse cleats have a straightforward color design consisting of base white, gray or black colors, but some are available in more colorful patterns and designs. You can choose a color style that suits your preference or complements your uniform or equipment, such as your helmet or stick.
How much you can expect to spend on lacrosse cleats
If you’re an experienced player, you can expect to pay $100-$140 for a pair of lacrosse cleats. However, casual players can find a durable pair for $40-$100.
Lacrosse cleats FAQ
Are metal or molded cleats ever acceptable to wear on turf?
A. Metal or molded cleats can damage turf, but you can check with your league to find out if they’re suitable. Some newer artificial fields can handle traditional cleats without damage.
How long does it take to break in lacrosse cleats?
A. It depends on the cleats, but generally, you’ll have to wear them for several hours before they’re flexible enough to provide elite performance.
What are the best lacrosse cleats to buy?
Top lacrosse cleats
Nike Alpha Huarache 8 Elite Lacrosse Cleats
What you need to know: These cleats are lightweight and breathable but offer plenty of protection and traction, making them ideal for players of all skill levels.
What you’ll love: They have a no-slip tongue for less interference and a durable textile upper with thermoplastic polyurethane zones that help keep the feet secure. The toe box is sturdy, and Nike React foam technology increases responsiveness on strides.
What you should consider: Some customers find them difficult to put on because of the sock-like extension bootie. Also, they have a slim build, particularly on the sides.
Where to buy: Sold by Dick’s Sporting Goods
Top lacrosse cleats for the money
New Balance Freeze LX 2.0 Lacrosse Cleats
What you need to know: These shoes have a retro lacrosse style and are designed for aggressive players.
What you’ll love: The upper is made with synthetic leather and has a woven saddle for support. The rigid TPU plate provides excellent stability and traction, and the full-bootie tongue offers a locked-down fit. The Fresh Foam cushioning makes for a comfortable feel and more efficient energy transfer.
What you should consider: These are not the best for those looking for wide-fit shoes, as it has a narrower build than other New Balance lacrosse cleats.
Where to buy: Sold by Dick’s Sporting Goods
Worth checking out
Adidas Adizero Natural 1.0 Mid Lacrosse Cleats
What you need to know: These lightweight shoes have a basic look but offer elite performance and stability.
What you’ll love: The synthetic upper is durable but lightweight enough to facilitate agility during quick movements. The TPU molded outsole has 13 metal spikes strategically positioned to maximize traction and boost acceleration. The heel is pronounced for a secure fit and increased stability, and the mid-cut offers extra ankle support.
What you should consider: Some customers complained about the heel digging into the foot. Also, they only come in white, which is harder to clean than dark-colored cleats.
Where to buy: Sold by Dick’s Sporting Goods
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Copyright 2022 BestReviews, a Nexstar company. All rights reserved. | https://www.kxnet.com/reviews/br/sports-fitness-br/lacrosse-br/best-lacrosse-cleats/ | 2022-08-04T21:42:24Z | https://www.kxnet.com/reviews/br/sports-fitness-br/lacrosse-br/best-lacrosse-cleats/ | true |
SANTA CLARA, Calif., Aug. 4, 2022 /PRNewswire/ -- eHealth, Inc. (NASDAQ: EHTH) (eHealth.com), a leading private online health insurance marketplace (the "Company"), today announced that on August 1, 2022, the Compensation Committee of its Board of Directors granted an inducement stock unit award to Gavin Galimi, who joined the Company as SVP, General Counsel and Secretary of the Company on June 27, 2022. The award was granted under the Company's Amended and Restated 2021 Inducement Plan (the "Inducement Plan") and otherwise will be subject to the terms and conditions of a stock unit agreement under the Inducement Plan.
The stock unit award covers 79,444 shares of the Company's common stock and will be subject to vesting over four years, with 25% vesting on the first anniversary of the vesting commencement date of June 10, 2022, and the remainder vesting in equal quarterly installments over the subsequent three years, subject to Mr. Galimi's continued service with the Company through the vesting date and potential acceleration upon certain terminations of employment.
The stock unit award was granted as an inducement material to Mr. Galimi's accepting employment with the Company in accordance with Nasdaq Listing Rule 5635(c)(4).
eHealth, Inc. (NASDAQ: EHTH) operates a leading health insurance marketplace at eHealth.com and eHealthMedicare.com with technology that provides consumers with health insurance enrollment solutions. Since 1997, we have connected more than eight million members with quality, affordable health insurance, Medicare options, and ancillary plans. Our proprietary marketplace offers Medicare Advantage, Medicare Supplement, Medicare Part D prescription drug, individual, family, small business, and other plans from approximately 200 health insurance carriers across fifty states and the District of Columbia.
Media inquiries, please contact pr@ehealth.com
Investor Relations Contact:
Kate Sidorovich, CFA
Senior Vice President, Investor Relations & Strategy
Kate.Sidorovich@ehealth.com
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SOURCE eHealth, Inc. | https://www.wbrc.com/prnewswire/2022/08/04/ehealth-inc-announces-inducement-grants-under-nasdaq-listing-rule-5635c4/ | 2022-08-04T21:42:53Z | https://www.wbrc.com/prnewswire/2022/08/04/ehealth-inc-announces-inducement-grants-under-nasdaq-listing-rule-5635c4/ | false |
BUTTE LA ROSE, La. (BRPROUD) – If you are heading toward Lafayette on I-10 West in the near future, you may want to reconsider your plans.
The good news is that all lanes are open again, the bad news is that the backup is lengthy.
This is what it looked like earlier this morning after a “big crash.” | https://www.cenlanow.com/state-news/big-crash-causes-major-delays-on-i-10-west/ | 2022-08-04T21:46:13Z | https://www.cenlanow.com/state-news/big-crash-causes-major-delays-on-i-10-west/ | true |
MISSOULA — Three Montana Grizzlies have been named to the watch list for the top defensive honor in the FCS.
UM linebacker Patrick O'Connell, cornerback Justin Ford and safety Robby Hauck have all been named to the Buck Buchanan preseason watch list, Stats Perform announced on Thursday.
O'Connell was a finalist for the Buck last year where he finished third in voting. Ford finished in fourth last year as well. All three players were first-team All-Big Sky last season for the Grizzlies.
O'Connell, a Kalispell Glacier grad, was named the Big Sky Conference preseason Defensive Player of the Year at the Big Sky Kickoff. O'Connell finished last season with 105 total tackles, 22 for loss, 14 sacks, four forced fumbles and two fumble recoveries.
Ford led all of Division I football with nine interceptions last year for the Grizzlies. Ford also finished the year with 41 total tackles, 20 passes defended, one forced fumble and two fumble recoveries along with three defensive touchdowns.
Hauck is on the cusp of breaking the all-time tackles record at UM. He currently has 364 tackles, just behind Dante Olson's record of 397. Last season, Hauck racked up 128 total tackles, seven for loss, three forced fumbles and one sack.
Stats Perform also released their preseason All-American teams on Monday with O'Connell, Ford and Hauck all earning those honors.
In total, five players from the Big Sky Conference were named to the preseason watch list. Northern Colorado's David Hoage and Portland State's Anthony Adams join the Griz trio as the five honorees.
North Dakota State and Montana were the only schools with multiple players selected. NDSU also had three players named to the watch list. | https://www.kxlf.com/sports/big-sky-conference/montana-grizzlies/three-montana-grizzlies-named-finalists-for-buck-buchanan-preseason-watch-list | 2022-08-04T21:46:15Z | https://www.kxlf.com/sports/big-sky-conference/montana-grizzlies/three-montana-grizzlies-named-finalists-for-buck-buchanan-preseason-watch-list | false |
ASUR Announces Total Passenger Traffic for July 2022
Published: Aug. 4, 2022 at 3:30 PM CDT|Updated: 1 hour ago
Compared to July 2019, passenger traffic increased by 40.9% in Colombia, 15.6% in Mexico and 4.0% in Puerto Rico
MEXICO CITY, Aug. 4, 2022 /PRNewswire/ -- Grupo Aeroportuario del Sureste, S.A.B. de C.V. (NYSE: ASR; BMV: ASUR), ASUR, a leading international airport group with operations in Mexico, the U.S. and Colombia, today announced that passenger traffic for July 2022 reached a total of 6.2 million passengers, 18.7% above the levels reported in July 2019.
Compared to July 2019, passenger traffic increased by 40.9% in Colombia, 15.6% in Mexico and Puerto Rico 4.0%. Passenger traffic growth in Mexico and Colombia was driven by a recovery in both domestic and international traffic, and in Puerto Rico mainly by domestic traffic while international traffic continued its gradual recovery trend.
This announcement reflects comparisons between the periods July 1 through June 31, 2022, 2021 and 2019. Transit and general aviation passengers are excluded from traffic measures in Mexico and Colombia.
About ASUR
Grupo Aeroportuario del Sureste, S.A.B. de C.V. (ASUR) is a leading international airport operator with a portfolio of concessions to operate, maintain and develop 16 airports in the Americas. This comprises nine airports in southeast Mexico, including Cancun Airport, the most important tourist destination in Mexico, the Caribbean and Latin America, and six airports in northern Colombia, including Medellin international airport (Rio Negro), the second busiest in Colombia. ASUR is also a 60% JV partner in Aerostar Airport Holdings, LLC, operator of the Luis Muñoz Marín International Airport serving the capital of Puerto Rico, San Juan. San Juan's Airport is the island's primary gateway for international and mainland-US destinations and was the first, and currently the only major airport in the US to have successfully completed a public–private partnership under the FAA Pilot Program. Headquartered in Mexico, ASUR is listed both on the Mexican Bolsa, where it trades under the symbol ASUR, and on the NYSE in the U.S., where it trades under the symbol ASR. One ADS represents ten (10) series B shares. For more information, visit www.asur.com.mx.
ASUR
Lic. Adolfo Castro
+52-55-5284-0408
acastro@asur.com.mx
InspIR Group
Susan Borinelli
+1-646-330-5907
susan@inspirgroup.com
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SOURCE Grupo Aeroportuario del Sureste, S.A.B. de C.V.
The above press release was provided courtesy of PRNewswire. The views, opinions and statements in the press release are not endorsed by Gray Media Group nor do they necessarily state or reflect those of Gray Media Group, Inc. | https://www.kalb.com/prnewswire/2022/08/04/asur-announces-total-passenger-traffic-july-2022/ | 2022-08-04T21:46:29Z | https://www.kalb.com/prnewswire/2022/08/04/asur-announces-total-passenger-traffic-july-2022/ | true |
(The Hill) – The Biden administration on Thursday officially declared monkeypox a public health emergency, a move that’s aimed at freeing up emergency funding and improving distribution of vaccines and treatments.
“We are prepared to take our response to the next level in addressing this virus, and we urge every American to take monkeypox seriously and to take responsibility to help us tackle this virus,” Health and Human Services Secretary Xavier Becerra said during a briefing.
The announcement comes amid intense criticism that the Biden administration failed to recognize the severity of the outbreak, leading to shortages of vaccine doses and diagnostic tests even as demand has soared.
Some public health experts fear the U.S. lost its opportunity to contain and even eliminate the virus.
The administration has been under pressure to declare a public health emergency from health advocates and congressional Democrats who represent some of the hardest hit states.
A public health emergency won’t ease the shortages of vaccines, but it could expedite the approval process for new treatments and provide more flexibility for federal agencies to respond to the outbreak.Judge rejects federal plans for fossil fuel mining in Powder River BasinService member charged in connection with explosion at Syria base
According to the Centers for Disease Control and Prevention, known monkeypox infections top 6,600, nearly all among men who have sex with men. New York state is the epicenter of the outbreak with almost a third of all cases, followed by California.
The administration’s announcement comes after New York, Illinois and California all declared their own public health emergencies.
The World Health Organization declared a global health emergency over the outbreak on July 23. | https://www.texomashomepage.com/news/national/us-to-declare-health-emergency-over-monkeypox-outbreak/ | 2022-08-04T21:47:10Z | https://www.texomashomepage.com/news/national/us-to-declare-health-emergency-over-monkeypox-outbreak/ | false |
LAKEWOOD, Colo., Aug. 4, 2022 /PRNewswire/ -- Natural Grocers by Vitamin Cottage, Inc. (NYSE: NGVC) today announced results for its third quarter of fiscal 2022 ended June 30, 2022 and refined its outlook for fiscal 2022.
- Net sales increased 3.0% to $266.3 million;
- Daily average comparable store sales increased 2.5%;
- Operating income was $5.7 million;
- Net income was $3.9 million with diluted earnings per share of $0.17; and
- Adjusted EBITDA was $13.0 million.
"We are pleased with our results in the third quarter, which were in-line with our expectations," said Kemper Isely, Co-President. "Consumers continue to be drawn to the quality and value of our offering, along with our convenient shopping experience, making us a leading destination for natural and organic products in our markets. Since the third quarter of fiscal 2019 our daily average comparable store sales have increased 14.1% and diluted earnings per share have grown 88.9%, underscoring the strength of our differentiated model as well as our emphasis on operational excellence. We remain confident in our fiscal 2022 outlook and continue to focus on driving profitable growth and enhancing shareholder value."
In addition to presenting the financial results of Natural Grocers by Vitamin Cottage, Inc. and its subsidiaries (collectively, the Company) in conformity with U.S. generally accepted accounting principles (GAAP), the Company is also presenting EBITDA and Adjusted EBITDA, which are non-GAAP financial measures. The reconciliation from GAAP to these non-GAAP financial measures is provided at the end of this earnings release.
During the third quarter of fiscal 2022, net sales increased $7.7 million, or 3.0%, to $266.3 million, compared to the third quarter of fiscal 2021, due to a $6.4 million increase in comparable store sales and a $2.1 million increase in new store sales, partially offset by a $0.8 million decrease in sales from one store that closed at the beginning of the quarter. Daily average comparable store sales increased 2.5% in the third quarter of fiscal 2022, and was comprised of a 2.7% increase in daily average transaction size, partially offset by a 0.2% decrease in daily average transaction count. The increase in net sales was primarily driven by retail price inflation, our customers' response to pandemic trends, marketing initiatives, promotional campaigns and increased engagement in our {N}power® customer loyalty program.
Gross profit during the third quarter of fiscal 2022 increased 2.8% to $73.6 million, driven by increased sales volume. Gross profit reflects earnings after product and occupancy expenses. Gross margin decreased 10 basis points to 27.6% during the third quarter of fiscal 2022, compared to the third quarter of fiscal 2021. The decrease in gross margin was primarily driven by lower product margin attributed to higher freight, distribution and shrink expenses, partially offset by store occupancy leverage.
Store expenses during the third quarter of fiscal 2022 increased 5.3% to $60.1 million. Store expenses as a percentage of net sales was 22.6% during the third quarter of fiscal 2022, up from 22.1% in the third quarter of fiscal 2021. The increase in store expenses as a percentage of net sales was primarily driven by higher labor expense as a result of increased wage rates.
Administrative expenses during the third quarter of fiscal 2022 increased 2.6% to $7.5 million. Administrative expenses as a percentage of net sales were 2.8% for each of the third quarters of fiscal 2022 and 2021.
Operating income for the third quarter of fiscal 2022 was $5.7 million, compared to $7.0 million in the third quarter of fiscal 2021. Operating margin during the third quarter of fiscal 2022 decreased to 2.1%, compared to 2.7% in the third quarter of fiscal 2021.
Net income for the third quarter of fiscal 2022 was $3.9 million, or $0.17 diluted earnings per share, compared to net income of $5.0 million, or $0.22 diluted earnings per share for the third quarter of fiscal 2021.
Adjusted EBITDA was $13.0 million in the third quarter of fiscal 2022, compared to $14.6 million in the third quarter of fiscal 2021.
During the first nine months of fiscal 2022, net sales increased $32.6 million, or 4.2%, to $815.4 million, compared to the first nine months of fiscal 2021, due to a $27.6 million increase in comparable store sales and a $5.8 million increase in new store sales, partially offset by a $0.8 million decrease in sales from one store that closed at the beginning of the third quarter of fiscal 2022. Daily average comparable store sales increased 3.5% in the first nine months of fiscal 2022, and was comprised of a 2.0% increase in daily average transaction size and a 1.5% increase in daily average transaction count. The increase in net sales was primarily driven by our customers' response to pandemic trends, retail price inflation, marketing initiatives, promotional campaigns, and increased engagement in our {N}power® customer loyalty program.
Gross profit during the first nine months of fiscal 2022 increased 5.9% to $229.1 million, primarily driven by increased sales volume. Gross profit reflects earnings after product and occupancy expenses. Gross margin increased 50 basis points to 28.1% during the first nine months of fiscal 2022, compared to the first nine months of fiscal 2021. The increase in gross margin was primarily driven by improved product margin and store occupancy leverage.
Store expenses during the first nine months of fiscal 2022 increased 1.8% to $179.1 million. Store expenses as a percentage of net sales was 22.0% during the first nine months of fiscal 2022, down from 22.5% in the first nine months of fiscal 2021. The reduction in store expenses as a percentage of net sales reflects leverage attributed to higher sales and a more normalized operating environment compared to the prior fiscal year period.
Administrative expenses during the first nine months of fiscal 2022 increased 9.5% to $22.9 million. Administrative expenses as a percentage of net sales was 2.8% during the first nine months of fiscal 2022, up from 2.7% in the first nine months of fiscal 2021.
Operating income for the first nine months of fiscal 2022 was $26.5 million, compared to $19.0 million in the first nine months of fiscal 2021. Operating margin during the first nine months of fiscal 2022 increased to 3.3%, compared to 2.4% in the first nine months of fiscal 2021.
Net income for the first nine months of fiscal 2022 was $19.2 million, or $0.84 diluted earnings per share, compared to net income of $13.4 million, or $0.59 diluted earnings per share for the first nine months of fiscal 2021.
Adjusted EBITDA was $48.6 million in the first nine months of fiscal 2022, compared to $42.5 million in the first nine months of fiscal 2021.
As of June 30, 2022, the Company had $19.9 million in cash and cash equivalents, no outstanding borrowings on its $50.0 million revolving credit facility, and $17.7 million outstanding on its term loan facility.
During the first nine months of fiscal 2022, the Company generated $29.5 million in cash from operations and invested $18.0 million in net capital expenditures, primarily for new and relocated/remodeled stores.
Today, the Company announced the declaration of a quarterly cash dividend of $0.10 per common share. The dividend will be paid on September 14, 2022 to stockholders of record at the close of business on August 29, 2022.
During the third quarter of fiscal 2022 the Company opened one new store in Colorado, ending the quarter with 162 stores in 20 states. Since June 30, 2022, the Company opened one new store in South Dakota. As of August 4, 2022, the Company has signed leases for an additional five new stores planned to open in fiscal years 2022 and beyond.
The Company is refining its fiscal 2022 new store openings, comparable store sales and earnings per share outlook based upon year-to-date performance and current trends, as well as the uncertainty of the pandemic, and economic and inflationary factors. The Company now expects:
The Company will host a conference call today at 2:30 p.m. Mountain Time (4:30 p.m. Eastern Time) to discuss this earnings release. The dial-in number is 1-888-347-6606 (US) or 1-412-902-4289 (International). The conference ID is "Natural Grocers Q3 FY 2022 Earnings Call." A simultaneous audio webcast will be available at http://Investors.NaturalGrocers.com and archived for a minimum of 20 days.
Natural Grocers by Vitamin Cottage, Inc. (NYSE: NGVC) is an expanding specialty retailer of natural and organic groceries, body care products and dietary supplements. The products sold by Natural Grocers must meet strict quality guidelines and may not contain artificial colors, flavors, preservatives or sweeteners, or partially hydrogenated or hydrogenated oils. The Company sells only USDA certified organic produce and exclusively pasture-raised, non-confinement dairy products, and free-range eggs. Natural Grocers' flexible smaller-store format allows it to offer affordable prices in a shopper-friendly, clean and convenient retail environment. The Company also provides extensive free science-based nutrition education programs to help customers make informed health and nutrition choices. The Company, founded in 1955, has 163 stores in 21 states.
Visit www.NaturalGrocers.com for more information and store locations.
The following constitutes a "safe harbor" statement under the Private Securities Litigation Reform Act of 1995. Except for the historical information contained herein, statements in this release are "forward-looking statements" and are based on current expectations and assumptions that are subject to risks and uncertainties. All statements that are not statements of historical fact are forward-looking statements. Actual results could differ materially from those described in the forward-looking statements because of factors such as risks and challenges related to the pandemic and government mandates, the economy, inflationary and deflationary trends, periods of recession, changes in the Company's industry, business strategy, goals and expectations concerning the Company's market position, future operations, margins, profitability, capital expenditures, liquidity and capital resources, future growth, the war in Ukraine, other financial and operating information and other risks detailed in the Company's Annual Report on Form 10-K for the fiscal year ended September 30, 2021 (the Form 10-K) and the Company's subsequent quarterly reports on Form 10-Q. The information contained herein speaks only as of the date of this release and the Company undertakes no obligation to update forward-looking statements, except as may be required by the securities laws.
For further information regarding risks and uncertainties associated with the Company's business, please refer to the "Management's Discussion and Analysis of Financial Condition and Results of Operations" and "Risk Factors" sections of the Company's filings with the Securities and Exchange Commission, including, but not limited to, the Form 10-K and the Company's subsequent quarterly reports on Form 10-Q, copies of which may be obtained by contacting Investor Relations at 303-986-4600 or by visiting the Company's website at http://Investors.NaturalGrocers.com.
Investor Contact:
Reed Anderson, ICR, 646-277-1260, reed.anderson@icrinc.com
EBITDA and Adjusted EBITDA
EBITDA and Adjusted EBITDA are not measures of financial performance under GAAP. We define EBITDA as net income before interest expense, provision for income taxes, depreciation and amortization. We define Adjusted EBITDA as EBITDA as adjusted to exclude the effects of certain income and expense items that management believes make it more difficult to assess the Company's actual operating performance, including certain items such as impairment charges, store closing costs, lease exit costs, share-based compensation and non-recurring items. The adjustments to EBITDA for the nine months ended June 30, 2022 included $0.1 million in operating lease asset impairment charges as a result of an early store relocation. The adjustments to EBITDA for the nine months ended June 30, 2021 included $0.4 million in lease exit costs associated with one store that closed in fiscal year 2019.
The following table reconciles net income to EBITDA and Adjusted EBITDA, dollars in thousands:
EBITDA decreased 12.0% to $12.7 million for the three months ended June 30, 2022 compared to $14.5 million for the three months ended June 30, 2021. EBITDA increased 15.0% to $47.6 million for the nine months ended June 30, 2022 compared to $41.4 million for the nine months ended June 30, 2021. EBITDA as a percentage of net sales was 4.8% and 5.6% for the three months ended June 30, 2022 and 2021, respectively. EBITDA as a percentage of net sales was 5.8% and 5.3% for the nine months ended June 30, 2022 and 2021, respectively.
Adjusted EBITDA decreased 11.0% to $13.0 million for the three months ended June 30, 2022 compared to $14.6 million for the three months ended June 30, 2021. Adjusted EBITDA increased 14.4% to $48.6 million for the nine months ended June 30, 2022 compared to $42.5 million for the nine months ended June 30, 2021. Adjusted EBITDA as a percentage of net sales was 4.9% and 5.7% for the three months ended June 30, 2022 and 2021, respectively. Adjusted EBITDA as a percentage of net sales was 6.0% and 5.4% for the nine months ended June 30, 2022 and 2021, respectively.
Management believes some investors' understanding of our performance is enhanced by including EBITDA and Adjusted EBITDA, which are non-GAAP financial measures. We believe EBITDA and Adjusted EBITDA provide additional information about: (i) our operating performance, because they assist us in comparing the operating performance of our stores on a consistent basis, as they remove the impact of non-cash depreciation and amortization expense as well as items not directly resulting from our core operations, such as interest expense and income taxes and (ii) our performance and the effectiveness of our operational strategies. Additionally, EBITDA is a component of a measure in our financial covenants under our credit facility.
Furthermore, management believes some investors use EBITDA and Adjusted EBITDA as supplemental measures to evaluate the overall operating performance of companies in our industry. Management believes that some investors' understanding of our performance is enhanced by including these non-GAAP financial measures as a reasonable basis for comparing our ongoing results of operations. By providing these non-GAAP financial measures, together with a reconciliation from net income, we believe we are enhancing investors' understanding of our business and our results of operations, as well as assisting investors in evaluating how well we are executing our strategic initiatives. Commencing with its financial reporting for fiscal year 2021, the Company revised its definition of Adjusted EBITDA to exclude share-based compensation. The Company's historical presentation of Adjusted EBITDA, including for the three and nine months ended June 30, 2021, did not exclude share-based compensation. However, Adjusted EBITDA for the three and nine months ended June 30, 2021, as presented in this release, has been recast to exclude share-based compensation to enhance the comparability of this measure between fiscal periods. Management believes that excluding share-based compensation from Adjusted EBITDA will enhance investors' ability to assess period-to-period comparisons of the Company's operating performance and make more meaningful comparisons between our operating performance and the operating performance of our competitors.
Our competitors may define EBITDA and Adjusted EBITDA differently, and as a result, our measures of EBITDA and Adjusted EBITDA may not be directly comparable to EBITDA and Adjusted EBITDA of other companies. Items excluded from EBITDA and Adjusted EBITDA are significant components in understanding and assessing financial performance. EBITDA and Adjusted EBITDA are supplemental measures of operating performance that do not represent, and should not be considered in isolation or as an alternative to, or substitute for, net income or other financial statement data presented in the consolidated financial statements as indicators of financial performance. EBITDA and Adjusted EBITDA have limitations as analytical tools, and should not be considered in isolation, or as a substitute for analysis of our results as reported under GAAP. Some of the limitations are:
- EBITDA and Adjusted EBITDA do not reflect our cash expenditures, or future requirements, for capital expenditures or contractual commitments;
- EBITDA and Adjusted EBITDA do not reflect changes in, or cash requirements for, our working capital needs;
- EBITDA and Adjusted EBITDA do not reflect any depreciation or interest expense for leases classified as finance leases;
- EBITDA and Adjusted EBITDA do not reflect the interest expense, or the cash requirements necessary to service interest or principal payments on our debt;
- Adjusted EBITDA does not reflect share-based compensation, impairment and store closing costs;
- EBITDA and Adjusted EBITDA do not reflect our tax expense or the cash requirements to pay our taxes; and
- although depreciation and amortization are non-cash charges, the assets being depreciated and amortized will often have to be replaced in the future and EBITDA and Adjusted EBITDA do not reflect any cash requirements for such replacements.
Due to these limitations, EBITDA and Adjusted EBITDA should not be considered as measures of discretionary cash available to us to invest in the growth of our business. We compensate for these limitations by relying primarily on our GAAP results and using EBITDA and Adjusted EBITDA as supplemental information.
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SOURCE Natural Grocers by Vitamin Cottage, Inc. | https://www.kxii.com/prnewswire/2022/08/04/natural-grocers-by-vitamin-cottage-announces-third-quarter-fiscal-2022-results/ | 2022-08-04T21:48:32Z | https://www.kxii.com/prnewswire/2022/08/04/natural-grocers-by-vitamin-cottage-announces-third-quarter-fiscal-2022-results/ | true |
Rocket's second-quarter profits plunge amid market slowdown
Rocket Companies, the Detroit-based parent company of mortgage lending giant Rocket Mortgage, saw profits plunge year-over-year in the second quarter amid decades-high inflation and signals of an economic slowdown.
The company on Thursday reported net income of $60 million on revenue of $1.4 billion in the second quarter. That's down approximately 90% and 48%, respectively, from the second quarter of 2021.
On an adjusted basis, Rocket posted a $67 million net loss on revenue of $25 billion. Adjusted earnings before interest, taxes, depreciation and amortization, or EBITDA, came in at a $27 million loss.
More: Long-term mortgage rates under 5% for 1st time in 4 months
Rocket Mortgage had closed loan origination volume of $34.5 billion in the second quarter — down nearly 60% from the same period last year. The company's gain on sale margin was 2.92%, up from 2.78%.
"As the mortgage market continues to transition, we are actively investing in our business and transforming the Rocket services and engagement platforms to better serve our clients," Rocket Cos. CEO Jay Farner said in a statement.
CFO and Treasurer Julie Booth, citing "change in the industry," said the company slashed expenses by roughly $300 million in the second quarter "and will continue to execute a prudent approach to cost management." The company had been targeting $100 million in cost cuts.
"We are also investing our capital into the Rocket engagement and services platforms to expand our client base, drive higher conversion, and lower our client acquisition cost, setting the foundation for our next stage of growth," she added. "We will continue to deploy our capital in a strategic and disciplined manner to generate long term shareholder value."
Meanwhile, executives provided updates on various aspects of the business, including two rebranding initiatives. Truebill, a personal finance app Rocket bought in December, will rebrand to Rocket Money this month. And Edison Financial, the company's Canadian digital mortgage broker, will become Rocket Mortgage in Canada.
Rocket Money, formerly Truebill, saw paying premium members surpass 2 million users in July, more than doubling year-over-year, Rocket reported. The brand launched a beta version of its first credit card during the second quarter.
In July, Rocket Mortgage signed an agreement to originate mortgages for Santander Bank. It also entered into a partnership with banking platform Q2.
Rocket Homes, the company's digital real estate platform, saw real estate transactions grow 25% year-over-year in the second quarter. It also had two record months for closed units.
In the third quarter, Rocket is forecasting closed loan volume of between $23 million and $28 billion and a gain on sale margin of between 2.5% and 2.8%.
The company reported having total liquidity of $7.3 billion. At the end of the quarter, it had an available cash position of $4 billion, including cash on hand and corporate cash used to self-fund loan originations.
jgrzelewski@detroitnews.com
Twitter: @JGrzelewski | https://www.detroitnews.com/story/business/2022/08/04/rockets-second-quarter-profits-plunge-amid-market-slowdown/10238914002/ | 2022-08-04T21:48:53Z | https://www.detroitnews.com/story/business/2022/08/04/rockets-second-quarter-profits-plunge-amid-market-slowdown/10238914002/ | true |
NEW YORK, Aug. 4, 2022 /PRNewswire/ -- weConnect, the fastest-growing, privately owned global expansion, operations and compliance company, hired Cameron Dorsett as UK Director. Dorsett will lead commercial growth efforts and drive customer adoption in the UK market and assist with customer acquisition in the EMEA region.
Dorsett is highly regarded as a pioneer within the Financial Sales and Marketing industry and earned that reputation by leading the company he founded to 6 years of consecutive growth. Cameron brings with him a wealth of experience and has closed over 500 deals with c-suite executives across 4 continents. Dorsett's experience in penetrating new markets and closing new business deals is something that weConnect will massively benefit from.
"Cameron brings an infectious entrepreneurial spirit to his role at weConnect," said Matthew Kyle, Co-Founder & Chief Commercial Officer of weConnect. "Having experienced the challenges of global expansion while scaling his own startup, Cameron will be able to intimately relate to our clients and speak to them from a whole different perspective. I couldn't be happier to have someone who has the perspective of our clients so dear to his heart."
weConnect's mission is to offer the first true one-stop global expansion solution. Today, weConnect's workforce spans the globe with over 1200 team members in 86 countries. Start-ups, Fortune 500, Private Equity, and privately held companies trust weConnect to handle their international compliance and back-office functions as the grow around the world.
weConnect is the world's fastest-growing, privately owned global expansion, operations and compliance company. weConnect's mission is to make international expansion more efficient, convenient, and attainable. Using practical solutions and optimal technologies for employer of record, incorporation, accounting, payroll and tax compliance, weConnect allows clients to focus on securing optimal talent and growing their businesses to all corners of the globe. Details can be found at weconnect.co.
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SOURCE weConnect | https://www.wbrc.com/prnewswire/2022/08/04/weconnect-hires-cameron-dorsett-uk-commercial-director/ | 2022-08-04T21:49:33Z | https://www.wbrc.com/prnewswire/2022/08/04/weconnect-hires-cameron-dorsett-uk-commercial-director/ | true |
Police: Girl held captive with remains of mother, brother
A 12-year-old girl who was held captive for a week in a mobile home with the dismembered remains of her mother and brother provided key information that led to the arrest of the woman’s live-in boyfriend, authorities said Thursday.
The girl, who gnawed through restraints to escape from the residence while the man was away, “is a hero for surviving the incident and coming forward with the information that she provided us in order to charge him,” said Tallapoosa County Sheriff Jimmy Abbett.
Discovered along a country road by a passerby following her escape on Monday, the child is now safe in the custody of state child welfare officials. Assaulted and plied with alcohol to keep her in a stupor, the girl fled after chewing through the ties that held her down on a bed, authorities said in court documents.
José Paulino Pascual-Reyes, 37, was charged with kidnapping and multiple counts of capital murder in the slayings of the girl’s mother, 29-year-old Sandra Vazquez Ceja, and her son, who court records show was younger than 14.
“They were boyfriend and girlfriend,” Abbett said of Pascual-Reyes and Ceja. “They were actually living there all together.”
The kidnapping charge alleges that the girl was held hostage against her will, not that she was physically abducted from elsewhere and taken to the home, Abbett said.
The girl was taken captive on July 24 around the time her mother and brother were killed, authorities allege, and police found two dismembered bodies in the mobile home after the child escaped on Monday morning. Abbett declined to comment on whether the girl knew the fate of her mother and brother while she was still a hostage, but the chopped-up remains were found inside the home.
Pascual-Reyes was arrested Monday night while working at a construction site in Auburn, more than 20 miles (32 kilometers) from the mobile home. He is being held without bond. Two attorneys appointed to represent him didn’t immediately respond to an email seeking comment on his behalf.
Reyes, who is from Mexico, was in the country illegally after being deported and returning without proper documentation, Abbett said. It wasn’t clear when he last entered the United States, said the sheriff, but the group had been living in the mobile home since February.
Ceja and the two children entered the United States from Mexico in 2017 and remained after requesting asylum, but their claims had yet to be decided by immigration officials, the sheriff said.
While a few other people live near the mobile home and others had lived at the residence, there’s no indication anyone else knew about the killings or that the girl was being held against her will, Abbett said.
“No one has come forward with information,” he said. | https://www.detroitnews.com/story/news/nation/2022/08/04/police-girl-held-captive-remains-mother-brother/10240072002/ | 2022-08-04T21:49:39Z | https://www.detroitnews.com/story/news/nation/2022/08/04/police-girl-held-captive-remains-mother-brother/10240072002/ | false |
CLEVELAND, Aug. 4, 2022 /PRNewswire/ -- Preformed Line Products Company (NASDAQ: PLPC) today reported financial results for its second quarter ended June 30, 2022.
Q2 2022 Highlights:
- Record quarterly net sales and profit
- Net sales increased 23% from comparable 2021 period
- Diluted EPS of $2.77, an increase of 54% from comparable 2021 period
Net sales for the second quarter of 2022 were $163.5 million, an increase of 23%, compared to $133.0 million in the second quarter of 2021. Currency translation rates had an unfavorable impact on 2022 second quarter net sales of $5.5 million, or 3.4%.
The Company posted net income for the second quarter of 2022 of $13.7 million, or $2.77 per diluted share, compared to $8.9 million, or $1.80 per diluted share, in the second quarter of 2021. Second quarter 2022 net income benefited from the significant increase in net sales while leveraging fixed costs and gross margin gains resulting from the previously announced price increases which are beginning to offset the impact of inflation on commodity prices and freight. Currency translation rates had a favorable effect on net income of $0.1 million.
Net sales increased 20% to $301.7 million for the first six months of 2022 compared to $250.6 million for the first six months of 2021. Currency translation rates had an unfavorable impact on net sales of $8.0 million for the six months ended June 30, 2022.
Net income for the six months ended June 30, 2022 was $26.0 million, or $5.25 per diluted share, compared to $16.0 million or $3.25 per diluted share, for the comparable period in 2021. YTD June 30, 2022 net income benefited from the 20% YTD increase in net sales with related fixed cost leverage as well as the realization of price increases which are beginning to offset the impact of inflation on commodities and freight. Also benefiting the YTD net income was the $4.4 million non-taxable gain from life insurance benefits. Currency translation rates had an unfavorable effect on net income of $0.1 million.
Rob Ruhlman, Chairman and Chief Executive Officer, said, "We continue to record impressive gains in both net sales and earnings, with the second quarter of 2022 being a new record for both. Excluding the impact of currency translation, all regions reported an increase in net sales versus the second quarter of 2021 and on a YTD basis all regions except for Asia-Pacific reported increased net sales. Our sales growth was made possible by strong volume growth in both the energy and communications product families, incremental sales from our newest acquisitions and selling price adjustments required to offset the significant levels of inflation experienced last year and so far this year. We continuously monitor the impact of inflationary increases on our raw material inputs and freight expense. Additional selling price adjustments may be required to offset further inflationary increases. Customer satisfaction remains our primary goal – accomplished by providing high-quality products and services that meet or exceed expectations."
FORWARD-LOOKING STATEMENTS
This news release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 regarding the Company, including those statements regarding the Company's and management's beliefs and expectations concerning the Company's future performance or anticipated financial results, among others. Except for historical information, the matters discussed in this release are forward-looking statements that involve risks and uncertainties which may cause results to differ materially from those set forth in those statements. Among other things, factors that could cause actual results to differ materially from those expressed in such forward-looking statements include the uncertainty in business conditions and economy due to COVID-19 including the severity and duration of business disruption caused by the pandemic, the strength of the economy and demand for the Company's products and the mix of products sold, the relative degree of competitive and customer price pressure on the Company's products, the cost, availability and quality of raw materials required for the manufacture of products, the impact of legal or regulatory matters or global economic conditions (such as the impact of inflation, social unrest, acts of war, military conflict (including the ongoing conflict between Russia and Ukraine), international hostilities, terrorism and changes in diplomatic and trade relationships) on profitability and future growth opportunities; the Company's ability to identify, complete, obtain funding for and integrate acquisitions for profitable growth; and the Company's ability to continue to develop proprietary technology and maintain high quality products and customer service to meet or exceed new industry performance standards and individual customer expectations, and other factors described under the headings "Forward-Looking Statements" and "Risk Factors" in the Company's 2021 Annual Report on Form 10-K filed with the SEC on March 4, 2022 and subsequent filings with the SEC. The Annual Report on Form 10-K and the Company's other filings with the SEC can be found on the SEC's website at http://www.sec.gov. The Company assumes no obligation to update or supplement forward-looking statements that become untrue because of subsequent events.
ABOUT PLP
PLP protects the world's most critical connections by creating stronger and more reliable networks. The company's precision-engineered solutions are trusted by energy and communications providers worldwide to perform better and last longer. With locations in over 20 countries, PLP works as a united global corporation, delivering high-quality products and unparalleled service to customers around the world.
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Ravens outside linebacker Vince Biegel tore his Achilles tendon in practice Thursday, ending his promising training camp bid for a roster spot and thinning the team’s defensive depth.
Ravens rookie center Tyler Linderbaum, meanwhile, will be “fine,” coach John Harbaugh said, after leaving practice early with a left foot injury.
Biegel was carted off the field near the end of practice after he “just leaned the wrong way,” Harbaugh said, in a two-on-two drill. As trainers helped him off the cart, Biegel appeared unable to put any weight on his right foot.
This is the second season-ending injury in three seasons for Biegel, 29, who’d earned first-team repetitions in camp. He tore his left Achilles tendon in August 2020 while with the Dolphins. He played in five games last season for Miami, and signed a one-year, $1 million deal with the Ravens in May.
The former fourth-round pick had impressed coaches in Baltimore with his versatility, lining up as an off-ball linebacker and edge rusher, and his pass-rush motor. Biegel’s injury is the first significant setback of camp for a Ravens team looking to scale back last year’s health troubles.
“Vince was fighting to make the team, and I think he would’ve had a great chance to make it because he’s just a solid, tough, talented guy who does everything exactly right as hard as he can,” Harbaugh said. “So that’s where we’re at.”
Linderbaum’s scheduled to undergo an MRI, but X-rays on his foot came back negative, and Harbaugh said that “all indications are, it’s nothing serious at all.”
Harbaugh said Linderbaum had his foot stepped on during an 11-on-11 running drill about an hour into practice and “came up a little sore.” The first-round pick was slow to get up but walked back to the offensive sideline under his own power. A couple of minutes later, Linderbaum slowly walked back to the facility with an athletic trainer and did not return.
The No. 25 overall pick is expected to open the season as the Ravens’ starting center.
This story will be updated. | https://www.capitalgazette.com/sports/bs-sp-ravens-vince-biegel-tyler-linderbaum-injuries-20220804-riy2yf3nqbcyfm4c56s7es4aoi-story.html | 2022-08-04T21:50:10Z | https://www.capitalgazette.com/sports/bs-sp-ravens-vince-biegel-tyler-linderbaum-injuries-20220804-riy2yf3nqbcyfm4c56s7es4aoi-story.html | true |
Posted by The Bay Tour Guide - Mike Wynn June,705 on Dec\nThough not often featured on TheBlogThe, here goes a couple of snippets concerning a day I can well remmeberry.\nFirst is just in case its unfamile I suppose that the Royal Ackheap Caves aren'st on that many tourists must see'st when visitint he island beceas that thay dont open, I never asked for What’s the best leather jacket for men?
A leather jacket is an effortless and cool clothing staple for any fashionable closet. Leather jackets are loved by both celebrities and everyday people for their timelessness and effortless look. They also have the ability to make your outfit either edgy or classy, depending on how you style it.
Most people consider a leather jacket an investment piece that will last for years to come. For a classic leather-style jacket that is sure to elevate your style, the Calvin Klein Men’s Faux Lamb Leather Moto Jacket is a top pick.
What to know before you buy a leather jacket for men
Design
Leather jackets come in a variety of designs based on their cut, style or additional accessories. Some popular designs of leather jackets are the motorcycle jacket, the bomber jacket, the motocross jacket and the cattleman jacket. Some of these designs have more detailing and accessories than others. They also come in different colors. Darker colors like brown or black are the most popular.
Kind of leather
There are different kinds of leather used to make leather jackets. Leather could either be faux or genuine. Faux leather is artificial or synthetic leather while genuine leather is obtained from animal hide. The durability and feel of the leather differs based on its source.
For example, leather jackets made from cowhide or calfskin are more durable than other types of leather, even though they are harder to break in. Other materials like deerskin, goatskin and lambskin provide a more lightweight feel for jackets. They wear well over time but may not be as durable as cowhide or calfskin.
Weather
Leather jackets may be uncomfortable in certain climates, as the material itself quickly gets hot when the temperature goes up. Due to the way they are manufactured, they are also not as breathable as jackets made from other materials. As such, they are best suited for chilly or windy weather because they serve as good windbreakers.
What to look for in a quality leather jacket for men
Grain
The grain of a leather jacket differs based on the quality and manufacturing processes the leather is subjected to. Some of the most common grains are full-grain leather and top-grain leather.
- Full-grain leather refers to leather obtained from the outer layer of animal hide. Because of the minimal alterations it goes through, it has a rough feel to it that is popular in leather clothes.
- Top-grain leather, on the other hand, has a smoother feel because the outer animal hide has been separated from the other layers. This creates a thinner leather.
Lining
A good leather jacket is made with separate linings for the body and sleeves of the jacket. A lining that has higher insulating qualities, such as fleece, sherpa or a heavy satin, will often be used to line the body of leather jackets.
Additional features
Depending on the design, leather jackets may come with additional zippers, buckles or pockets. Additional zippers and buckles can give a more casual or edgy feel to a leather jacket, making it easier to pair with similar items you may have in your wardrobe. Extra pockets are also a good option to keep in mind for convenience and fashion statements.
Appearance
Good-quality leather jackets will maintain a straight appearance even after several wears. A good way to check if the leather is of high quality is to fold it back on itself. A leather jacket of high quality will not have any creases afterward and the grain will remain tight.
How much you can expect to spend on a leather jacket for men
Leather jackets cost between $60-$300, and designer jackets may set you back up to $1,000.
Leather jacket for men FAQ
Does real leather peel?
A. Real leather may have a damaged finish, but should not peel or flake.
What is the lifespan of genuine leather?
A. Although expensive, real leather can last 20 to 30 years or more if cared for properly.
How often should I clean my leather jacket?
A. A leather jacket should be cleaned at least once every six months, depending on how often you wear it.
What’s the best leather jacket for men to buy?
Top leather jacket for men
Calvin Klein Men’s Faux Lamb Leather Moto Jacket
What you need to know: This is a faux leather jacket made from 100% polyurethane.
What you’ll love: The included hooded sweatshirt and bib are removable, making it easy to adjust according to the look you’re going for. The collar is a classic moto jacket style and adjustable, giving it a more comfortable fit.
What you should consider: Using a machine to wash it may damage the material, so it should only be hand-washed.
Where to buy: Amazon
Top leather jacket for men for the money
Men’s Excelled A-2 Leather Bomber Jacket
What you need to know: This is a classic bomber-style jacket with cargo pockets and rib trimming.
What you’ll love: The soft lining provides great insulation for cold weather. The jacket also has interior cargo and snap pockets that are convenient for any small items you may be carrying.
What you should consider: It’s made from real leather, so it’s on the more expensive side.
Where to buy: Kohl’s
Worth checking out
Levi’s Men’s Faux Leather Motorcycle Jacket
What you need to know: This is a faux leather jacket with a cool zipper closure.
What you’ll love: This jacket has edgy detailing with lapels and an asymmetrical front zipper. It is quite comfortable to wear and has a boxy look that makes it edgy yet sophisticated.
What you should consider: It may not be as durable as jackets made from genuine leather.
Where to buy: Amazon
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Copyright 2022 BestReviews, a Nexstar company. All rights reserved. | https://www.kark.com/reviews/br/apparel-br/outerwear-br/best-leather-jacket-for-men/ | 2022-08-04T21:50:17Z | https://www.kark.com/reviews/br/apparel-br/outerwear-br/best-leather-jacket-for-men/ | false |
Which Vital Proteins collagen is best?
Collagen is an important protein in our bodies that helps make up bone, cartilage and skin. Our collagen levels naturally drop as we age. Supplementing with collagen may help improve skin elasticity and relieve joint pain.
Collagen powder is also an excellent source of protein and can be stirred easily into your morning coffee or added to a smoothie. Vital Proteins consistently tops the list for collagen powders, and the Vital Proteins Unflavored Collagen Peptides is a bestseller.
What to know before you buy a Vital Proteins collagen
Types of collagen
A few types of collagen are used in supplements.
- Type I maintains the structure of bones, tendons, organs and skin and is most prevalent in connective tissues. Taking Type I collagen supports healthy skin, hair and nails.
- Type II makes up joints and cartilage. It’s only derived from chickens. Look for Type II if you need joint support, which is found in Vital Proteins cartilage collagen supplements.
- Type III can be found in cartilage and bone marrow. It’s found alongside Type I in all of Vital Proteins collagen powders.
Source
Collagen is sourced from pigs, cows, chickens or fish. The collagen-containing parts are broken down into smaller amino acid chains called peptides that the body easily absorbs. Bone broth and bone broth protein powders are an alternative way to ingest collagen without eating organ meats or connective tissues.
Form
Vital Proteins offers a wide variety of collagen powders that can be added to any liquid, including water, hot or cold. Some people mix these powders into food. Vital Proteins also offers collagen capsules and gummies.
Serving size
The powders have the highest amount of collagen of all the forms: 20 grams for a serving size of two scoops. Gummies only offer 2.5 grams per four gummies, and pills 3.3 grams per a serving size of 6 pills.
Packaging and size
Vital Proteins powders come in plastic tubs and travel packs. Tubs come in quantities of 5 ounces, 9.33 ounces, 11.5 ounces, 26.8 ounces, 13.5 ounces, 1.2 pounds and 1.25 pounds. An individual packet has 10 grams of collagen powder and comes in a multipack of 20. Gummies come in 60, 90 and 120 counts per bottle. Capsules come in 90, 120 and 369 counts per bottle.
What to look for in a quality Vital Proteins collagen
Flavors
Unflavored collagen powder is generally received as tasteless and is a popular choice. Vital Proteins also offers flavored powders, including vanilla, chocolate, lemon, lavender lemon, strawberry lemon, tropical hibiscus, watermelon mint and matcha. The matcha flavor is derived from added matcha tea powder, so it adds an extra caffeine kick to boot.
Added ingredients
Some of Vital Proteins collagens feature ingredients to boost health and beauty, such as vitamin C, hyaluronic acid, biotin and probiotics. Other products may have added caffeine for energy, so always check the ingredient list carefully if you are sensitive to caffeine or any other ingredient.
Grass-fed
The majority of Vital Sources collagen is from bovine sources, which are grass-fed and pasture-raised. This means the cows weren’t fed grain but were free to graze on grass. If you’re on a grain-free diet, such as paleo or keto, these collagen supplements are compatible with your dietary restrictions.
How much you can expect to spend on a Vital Proteins collagen
Vital Proteins collagen powders range from $15 for a 5-ounce tub to $40 for a 1.25-pound tub. Gummies start at $13 and capsules start at $30 for a 30-day supply.
Vital Proteins collagen FAQ
Is marine collagen vegetarian?
A. No, but it is compatible with a pescatarian diet. Vital Proteins sources its marine collagen from fish scales of wild-caught whitefish. For pescatarians, marine collagen is the best option, although it only contains Type I collagen. There is no vegetarian source of collagen protein, though there are vegan and vegetarian supplements that claim to boost levels.
Can my body make collagen on its own?
A. Yes. If you eat a healthy diet that includes amino acids, vitamin C, zinc and copper, your body can produce collagen on its own. Eat a diet well balanced in fruit, vegetables and protein sources. You can use a collagen supplement to boost production if you’re experiencing health issues or want to improve the appearance of skin, hair and/or nails.
What’s the best Vital Proteins collagen to buy?
Top Vital Proteins collagen
Vital Proteins Collagen Peptides Unflavored
What you need to know: This unflavored collagen powder is wildly popular and also has high rankings in animal welfare standards.
What you’ll love: People who use it report an increase in hair growth, stronger nails and diminishment of joint pain with regular consumption. For most, the powder is tasteless. You can also buy it with added vitamin C and hyaluronic acid.
What you should consider: The powder doesn’t dissolve well in cold beverages and leaves clumps.
Where to buy: Sold by iHerb, Amazon and Sephora
Top Vital Proteins collagen for the money
Vital Proteins Beauty Collagen
What you need to know: A flavored collagen, this beauty-boosting powder features added hyaluronic acid for skin hydration and suppleness.
What you’ll love: It comes in four flavors: lavender lemon, strawberry lemon, watermelon mint and tropical hibiscus. The added probiotics support digestion. The powder contains no artificial sweeteners.
What you should consider: Some reviewers strongly disliked the flavor and the foam that can develop on top when mixed in water.
Where to buy: Sold by iHerb and Amazon
Worth checking out
What you need to know: If you’re not a fan of powders, these collagen capsules are easy and convenient to take.
What you’ll love: Users say they experience pain relief in their joints from taking these supplements. For those who gag on collagen powder, these flavorless pills are the way to go. Reviewers report increase in hair growth and improved skin hydration.
What you should consider: The serving size is six capsules, once or twice a day, which is a lot of pills to take daily.
Where to buy: Sold by iHerb and Amazon
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Ana Sanchez 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.kark.com/reviews/br/health-wellness-br/supplements-br/best-vital-proteins-collagen/ | 2022-08-04T21:50:39Z | https://www.kark.com/reviews/br/health-wellness-br/supplements-br/best-vital-proteins-collagen/ | true |
ASUR Announces Total Passenger Traffic for July 2022
Published: Aug. 4, 2022 at 3:30 PM CDT|Updated: 1 hour ago
Compared to July 2019, passenger traffic increased by 40.9% in Colombia, 15.6% in Mexico and 4.0% in Puerto Rico
MEXICO CITY, Aug. 4, 2022 /PRNewswire/ -- Grupo Aeroportuario del Sureste, S.A.B. de C.V. (NYSE: ASR; BMV: ASUR), ASUR, a leading international airport group with operations in Mexico, the U.S. and Colombia, today announced that passenger traffic for July 2022 reached a total of 6.2 million passengers, 18.7% above the levels reported in July 2019.
Compared to July 2019, passenger traffic increased by 40.9% in Colombia, 15.6% in Mexico and Puerto Rico 4.0%. Passenger traffic growth in Mexico and Colombia was driven by a recovery in both domestic and international traffic, and in Puerto Rico mainly by domestic traffic while international traffic continued its gradual recovery trend.
This announcement reflects comparisons between the periods July 1 through June 31, 2022, 2021 and 2019. Transit and general aviation passengers are excluded from traffic measures in Mexico and Colombia.
About ASUR
Grupo Aeroportuario del Sureste, S.A.B. de C.V. (ASUR) is a leading international airport operator with a portfolio of concessions to operate, maintain and develop 16 airports in the Americas. This comprises nine airports in southeast Mexico, including Cancun Airport, the most important tourist destination in Mexico, the Caribbean and Latin America, and six airports in northern Colombia, including Medellin international airport (Rio Negro), the second busiest in Colombia. ASUR is also a 60% JV partner in Aerostar Airport Holdings, LLC, operator of the Luis Muñoz Marín International Airport serving the capital of Puerto Rico, San Juan. San Juan's Airport is the island's primary gateway for international and mainland-US destinations and was the first, and currently the only major airport in the US to have successfully completed a public–private partnership under the FAA Pilot Program. Headquartered in Mexico, ASUR is listed both on the Mexican Bolsa, where it trades under the symbol ASUR, and on the NYSE in the U.S., where it trades under the symbol ASR. One ADS represents ten (10) series B shares. For more information, visit www.asur.com.mx.
ASUR
Lic. Adolfo Castro
+52-55-5284-0408
acastro@asur.com.mx
InspIR Group
Susan Borinelli
+1-646-330-5907
susan@inspirgroup.com
View original content:
SOURCE Grupo Aeroportuario del Sureste, S.A.B. de C.V.
The above press release was provided courtesy of PRNewswire. The views, opinions and statements in the press release are not endorsed by Gray Media Group nor do they necessarily state or reflect those of Gray Media Group, Inc. | https://www.kwch.com/prnewswire/2022/08/04/asur-announces-total-passenger-traffic-july-2022/ | 2022-08-04T21:50:50Z | https://www.kwch.com/prnewswire/2022/08/04/asur-announces-total-passenger-traffic-july-2022/ | true |
ATLANTA (AP) — Rhyne Howard scored 20 points, Cheyenne Parker added 17 and the Atlanta Dream handed the Indiana Fever its 15th straight loss with a 91-81 victory on Wednesday night.
Atlanta (13-18) ended a four-game losing streak and moved into a three-way tie for seventh in the standings.
Atlanta led 64-34 early in the third quarter before Indiana battled back to get within single digits in the fourth. Indiana outscored Atlanta 28-13 in the third to get within 75-62 and started the fourth by scoring 15 of the first 22 points to make it 82-77 with 5:02 left. But the Dream scored seven straight points and led by at least nine points the rest of the way.
Aari McDonald added 13 points, Kristy Wallace scored 12 and Maya Caldwell had 10 for Atlanta. Howard scored 14 of her points in the first half before reaching 20-plus for the ninth time this season.
Atlanta made 14 of its first 18 shots (77.9%) and led 36-17 after the first quarter. The Dream started the second quarter on a 7-1 run for a 43-18 lead, and it was 62-34 at halftime. The Dream had 21 assists on 23 made field goals and shot 62.2% from the field in the first half.
NaLyssa Smith scored 21 points for Indiana (5-28). Emma Cannon added a season-high 16 points and rookie Lexie Hull had a season-high 14 points, reaching double figures for just the second time this season.
Both teams were without their leading scorers. Tiffany Hayes left Atlanta’s last game on Saturday with an ankle injury suffered in the second quarter, and Indiana’s Kelsey Mitchell is done for the season with a plantar fascia tear in her left foot.
___
More AP women’s basketball: https://apnews.com/hub/womens-basketball and https://twitter.com/AP_Sports | https://www.kark.com/sports/ap-sports/howard-scores-20-points-dream-hand-fever-15th-straight-loss/ | 2022-08-04T21:50:53Z | https://www.kark.com/sports/ap-sports/howard-scores-20-points-dream-hand-fever-15th-straight-loss/ | false |
NEW YORK (AP) — Sabrina Ionescu scored eight of her 20 points in the final 2:18 and the Liberty rallied from a 15-point deficit in the third quarter to beat the Los Angeles Sparks 64-61 on Wednesday night.
The Liberty (13-18) earned two wins over the Sparks (12-19) in the span of 24 hours, sweeping the back-to-back set. New York had a much tougher time than its 102-73 victory a night earlier to stay in the playoff hunt.
“We shot awful in the paint, outside the paint, but at end of the day we kept the faith and buckled down on defense,” Ionescu said. “Got scores when we needed to. It’s really hard to beat a team on a back-to-back. We were able to get two wins which is big for this franchise into this playoff push.”
Coming into Wednesday night’s games, one game separated the seventh through 11th places in the standings. With the win, New York moved into a tie with Phoenix and Atlanta for seventh.
Trailing 50-35 with 5:23 left in the third quarter, New York held Los Angeles scoreless for the rest of the period to cut its deficit to five.
Los Angeles finally ended its nearly 7-minute scoreless drought and got the lead back up to 55-47 before New York scored 13 of the next 17 points to take its first lead of the game on two free throws by Ionescu with 1:14 left.
After a Los Angeles miss, Ionescu was fouled shooting a 3-pointer with 34.1 seconds left. She made two of three to give the Liberty a 62-59 advantage.
Jordin Canada was fouled driving to the basket and made both free throws to get the Sparks within one with 29.6 left.
After a timeout, Ionescu worked the clock down before driving into the lane and banking in a shot from the free throw line with 6.9 seconds left.
Los Angeles had one last chance but Lexie Brown missed a 3-pointer from the wing just before the buzzer.
Nneka Ogwumike scored 19 points to lead Los Angeles.
The Sparks jumped out to a 24-8 lead after the first quarter as Ogwumike scored seven points. She moved past Swin Cash for 20th on the league’s all-time scoring list. Ogwumike has 5,137 points now in her career.
New York rallied to within seven late in the first half before Los Angeles scored the final four points to take an 11-point lead into the break.
___
More AP women’s basketball: https://apnews.com/hub/womens-basketball and https://twitter.com/AP_Sports | https://www.kark.com/sports/ap-sports/ionescu-helps-new-york-rally-past-los-angeles-64-61/ | 2022-08-04T21:51:00Z | https://www.kark.com/sports/ap-sports/ionescu-helps-new-york-rally-past-los-angeles-64-61/ | false |
- GAAP EARNINGS PER COMMON SHARE OF $0.47 -
- DISTRIBUTABLE EARNINGS PER COMMON SHARE OF $0.48 -
- DISTRIBUTABLE RETURN ON AVERAGE STOCKHOLDERS' EQUITY OF 13.1% -
NEW YORK, Aug. 4, 2022 /PRNewswire/ -- Ready Capital Corporation ("Ready Capital" or the "Company") (NYSE: RC), a multi-strategy real estate finance company that originates, acquires, finances, and services small-to-medium balance commercial loans, today reported financial results for the quarter ended June 30, 2022.
"Despite market volatility, Ready Capital's results are reflective of our ability to deploy capital across economic cycles," commented Thomas Capasse, Ready Capital's Chairman and Chief Executive Officer. "The quarterly growth in our loan portfolio, our continued access to the capital markets and the credit strength of our assets positions us well for the future."
Second Quarter Highlights
- Total investments of $2.1 billion, including $1.2 billion of SBC originations and acquisitions, $746.4 million of residential mortgage loans, and $128.8 million of U.S. Small Business Administration 7(a) loans
- Total year-to-date investment activity of $5.2 billion, 17% year-over-year growth
- Closed a $754.2 million commercial mortgage CLO, consisting of 25 first-lien floating rate loans
- Closed a $276.8 million fixed rate securitization with a 4.8% weighted average cost of debt
- Closed a $120.0 million offering of 6.125% Senior Unsecured Notes due 2025
- Declared and paid dividend of $0.42 per share in cash with distributable earnings coverage of the common dividend at 1.14x
- Net book value of $15.28 per share of common stock as of June 30, 2022
Subsequent Events
- Entered into a joint venture with pan-European commercial real estate lending platform Starz Real Estate, with the goal of originating approximately €300 million in senior commercial real estate loans between €10 million and €40 million in size throughout Europe over the next two years
- Closed an $80.0 million placement of 7.375% Senior Unsecured Notes due 2027
Use of Non-GAAP Financial Information
In addition to the results presented in accordance with U.S. GAAP, this press release includes distributable earnings, formerly referred to as core earnings, which is a non-U.S. GAAP financial measure. The Company defines distributable earnings as net income adjusted for unrealized gains and losses related to certain mortgage backed securities ("MBS") not retained by us as part of our loan origination business, realized gains and losses on sales of certain MBS, unrealized gains and losses related to residential mortgage servicing rights ("MSR"), unrealized current non-cash provision for credit losses on accrual loans and one-time non-recurring gains or losses, such as gains or losses on discontinued operations, bargain purchase gains, merger related expenses, or other one-time items.
The Company believes that this non-U.S. GAAP financial information, in addition to the related U.S. GAAP measures, provides investors greater transparency into the information used by management in its financial and operational decision-making, including the determination of dividends. However, because Distributable Earnings is an incomplete measure of the Company's financial performance and involves differences from net income computed in accordance with U.S. GAAP, it should be considered along with, but not as an alternative to, the Company's net income computed in accordance with U.S. GAAP as a measure of the Company's financial performance. In addition, because not all companies use identical calculations, the Company's presentation of Distributable Earnings may not be comparable to other similarly-titled measures of other companies.
In calculating Distributable Earnings, Net Income (in accordance with U.S. GAAP) is adjusted to exclude unrealized gains and losses on MBS acquired by the Company in the secondary market but is not adjusted to exclude unrealized gains and losses on MBS retained by Ready Capital as part of its loan origination businesses, where the Company transfers originated loans into an MBS securitization and the Company retains an interest in the securitization. In calculating Distributable Earnings, the Company does not adjust Net Income (in accordance with U.S. GAAP) to take into account unrealized gains and losses on MBS retained by us as part of the loan origination businesses because the unrealized gains and losses that are generated in the loan origination and securitization process are considered to be a fundamental part of this business and an indicator of the ongoing performance and credit quality of the Company's historical loan originations. In calculating Distributable Earnings, Net Income (in accordance with U.S. GAAP) is adjusted to exclude realized gains and losses on certain MBS securities considered to be non-distributable. Certain MBS positions are considered to be non-distributable due to a variety of reasons which may include collateral type, duration, and size.
In addition, in calculating Distributable Earnings, Net Income (in accordance with U.S. GAAP) is adjusted to exclude unrealized gains or losses on residential MSRs, held at fair value. The Company treats its commercial MSRs and residential MSRs as two separate classes based on the nature of the underlying mortgages and the treatment of these assets as two separate pools for risk management purposes. Servicing rights relating to the Company's small business commercial business are accounted for under ASC 860, Transfer and Servicing, while the Company's residential MSRs are accounted for under the fair value option under ASC 825, Financial Instruments. In calculating Distributable Earnings, the Company does not exclude realized gains or losses on either commercial MSRs or residential MSRs, held at fair value, as servicing income is a fundamental part of Ready Capital's business and is an indicator of the ongoing performance.
To qualify as a REIT, the Company must distribute to its stockholders each calendar year at least 90% of its REIT taxable income (including certain items of non-cash income), determined without regard to the deduction for dividends paid and excluding net capital gain. There are certain items, including net income generated from the creation of MSRs, that are included in distributable earnings but are not included in the calculation of the current year's taxable income. These differences may result in certain items that are recognized in the current period's calculation of distributable earnings not being included in taxable income, and thus not subject to the REIT dividend distribution requirement until future years.
The table below reconciles Net Income computed in accordance with U.S. GAAP to Distributable Earnings.
U.S. GAAP return on equity is based on U.S. GAAP net income, while distributable return on equity is based on distributable earnings, which adjusts U.S. GAAP net income for the items in the distributable earnings reconciliation above.
Webcast and Earnings Conference Call
Management will host a webcast and conference call on Friday, August 5, 2022 at 8:30 am ET to provide a general business update and discuss the financial results for the quarter ended June 30, 2022.
The Company encourages use of the webcast due to potential extended wait times to access the conference call via dial-in. The webcast of the conference call will be available in the Investor Relations section of the Company's website at www.readycapital.com. To listen to a live broadcast, go to the site at least 15 minutes prior to the scheduled start time in order to register, download and install any necessary audio software.
To Participate in the Telephone Conference Call:
Dial in at least five minutes prior to start time.
Domestic: 1-877-407-0792
International: 1-201-689-8263
Conference Call Playback:
Domestic: 1-844-512-2921
International: 1-412-317-6671
Replay Pin #: 13730375
The playback can be accessed through August 19, 2022.
Safe Harbor Statement
This press release contains statements that constitute "forward-looking statements," as such term is defined in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and such statements are intended to be covered by the safe harbor provided by the same. These statements are based on management's current expectations and beliefs and are subject to a number of trends and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements; the Company can give no assurance that its expectations will be attained. Factors that could cause actual results to differ materially from the Company's expectations include, but are not limited to, applicable regulatory changes; general volatility of the capital markets; changes in the Company's investment objectives and business strategy; the availability of financing on acceptable terms or at all; the availability, terms and deployment of capital; the availability of suitable investment opportunities; changes in the interest rates or the general economy; increased rates of default and/or decreased recovery rates on investments; changes in interest rates, interest rate spreads, the yield curve or prepayment rates; changes in prepayments of Company's assets; the degree and nature of competition, including competition for the Company's target assets; and other factors, including those set forth in the Risk Factors section of the Company's most recent Annual Report on Form 10-K filed with the SEC, and other reports filed by the Company with the SEC, copies of which are available on the SEC's website, www.sec.gov. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.
About Ready Capital Corporation
Ready Capital Corporation (NYSE: RC) is a multi-strategy real estate finance company that originates, acquires, finances and services small- to medium-sized balance commercial loans. The Company specializes in loans backed by commercial real estate, including agency multifamily, investor and bridge as well as U.S. Small Business Administration loans under its Section 7(a) program. Headquartered in New York, New York, the Company employs over 600 professionals nationwide.
Contact
Investor Relations
Ready Capital Corporation
212-257-4666
InvestorRelations@readycapital.com
Additional information can be found on the Company's website at www.readycapital.com
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SOURCE Ready Capital Corporation | https://www.kalb.com/prnewswire/2022/08/04/ready-capital-corporation-reports-second-quarter-2022-results/ | 2022-08-04T21:51:36Z | https://www.kalb.com/prnewswire/2022/08/04/ready-capital-corporation-reports-second-quarter-2022-results/ | true |
ANDOVER, Mass. (AP) _ Casa Systems Inc. (CASA) on Thursday reported a loss of $16.7 million in its second quarter.
The Andover, Massachusetts-based company said it had a loss of 18 cents per share. Losses, adjusted for one-time gains and costs, were 15 cents per share.
The provider of digital cable video and broadband services posted revenue of $70.8 million in the period.
In the final minutes of trading on Thursday, the company's shares hit $4.65. A year ago, they were trading at $7.26.
_____
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CASA at https://www.zacks.com/ap/CASA | https://www.sfchronicle.com/business/article/Casa-Systems-Q2-Earnings-Snapshot-17352585.php | 2022-08-04T21:52:20Z | https://www.sfchronicle.com/business/article/Casa-Systems-Q2-Earnings-Snapshot-17352585.php | false |
WASHINGTON (Nexstar) — Democrats say they’re on the brink of passing groundbreaking legislation that will make huge investments in green energy and domestic energy production.
They say it will help lower energy bills for American families. But to do it, they need to lock in the vote of Democrat Kirsten Sinema.
“We’re going to invest $369 billion to address the climate crisis,” President Biden said.
“Senate Democrats are delivering on historic climate change legislation, we’re delivering on lower prices on prescription drugs, we’re delivering on tax fairness,” added Senator Chuck Schumer (D-N.Y.).
Republicans like South Dakota Senator John Thune are highly critical of the package.
“I’m not really sure why the federal government is going to be spending money on electric garbage trucks or how that’s going to reduce inflation,” he said.
But Democrats say fighting climate change is worth the investment.
“This bill will cut our carbon emissions by 40% in just eight years,” said Senator Elizabeth Warren (D-Calif.).
Those greenhouse gases warm the planet and make natural disasters like droughts, wildfires and hurricanes worse.
“The Inflation Reduction Act will help us avoid the cost both in dollars and in lives,” Warren said.
The congressional budget office estimates the bill will pay for itself and reduce the deficit. But Texas Senator John Cornyn has a problem with how the legislation is being presented.
The first thing is it’s misnamed, it’s not an Inflation Reduction Act, at best it stays constant,” he said.
President Biden said Thursday that savings will be passed on to Americans by bringing down energy costs The legislation also is expected to create good-paying jobs in the green energy sector. | https://www.wane.com/news/washington-dc/democrats-attempting-to-pass-historic-climate-change-legislation/ | 2022-08-04T21:52:23Z | https://www.wane.com/news/washington-dc/democrats-attempting-to-pass-historic-climate-change-legislation/ | false |
PHOENIX (AP) _ Republic Services Inc. (RSG) on Thursday reported second-quarter profit of $371.9 million.
The Phoenix-based company said it had profit of $1.17 per share. Earnings, adjusted for non-recurring costs, were $1.32 per share.
The results exceeded Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $1.18 per share.
The waste management company posted revenue of $3.41 billion in the period, which also beat Street forecasts. Seven analysts surveyed by Zacks expected $3.33 billion.
Republic Services expects full-year earnings in the range of $4.77 to $4.80 per share.
_____
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on RSG at https://www.zacks.com/ap/RSG | https://www.mrt.com/business/article/Republic-Services-Q2-Earnings-Snapshot-17352281.php | 2022-08-04T21:53:25Z | https://www.mrt.com/business/article/Republic-Services-Q2-Earnings-Snapshot-17352281.php | true |
WFO LUBBOCK Warnings, Watches and Advisories for Thursday, August 4, 2022
_____
SPECIAL WEATHER STATEMENT
Special Weather Statement
National Weather Service Lubbock TX
328 PM CDT Thu Aug 4 2022
...A strong thunderstorm will impact portions of southwestern Castro
County through 400 PM CDT...
At 327 PM CDT, Doppler radar was tracking a strong thunderstorm 9
miles south of Dimmitt, moving west at 5 mph.
HAZARD...Wind gusts up to 50 mph and half inch hail.
SOURCE...Radar indicated.
IMPACT...Gusty winds could knock down tree limbs and blow around
unsecured objects. Minor damage to outdoor objects is
possible.
Locations impacted include...
Dimmitt.
PRECAUTIONARY/PREPAREDNESS ACTIONS...
If outdoors, consider seeking shelter inside a building.
Heavy rainfall is also occurring with this storm and may lead to
localized flooding. Do not drive your vehicle through flooded
roadways.
LAT...LON 3457 10218 3431 10215 3431 10252 3459 10252
TIME...MOT...LOC 2027Z 092DEG 6KT 3441 10232
MAX HAIL SIZE...0.50 IN
MAX WIND GUST...50 MPH
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Copyright 2022 AccuWeather | https://www.mysanantonio.com/weather/article/TX-WFO-LUBBOCK-Warnings-Watches-and-Advisories-17352274.php | 2022-08-04T21:53:44Z | https://www.mysanantonio.com/weather/article/TX-WFO-LUBBOCK-Warnings-Watches-and-Advisories-17352274.php | true |
LAUREL, Neb. (AP) — Four people were found dead Thursday in two burning homes in a small community in northeastern Nebraska, authorities said.
Nebraska State Patrol Col. John Bolduc said at a news conference that a man was seen driving away from the city of Laurel before the bodies were discovered and that investigators would like to speak to him.
Firefighters responding to a call Thursday morning about an explosion and fire at one of the homes found the body of a person inside, Bolduc said.
A short time later, firefighters were called to a second burning home a few blocks away, where the bodies of three people were found inside.
Authorities didn't release the names of the dead or say how they died, but they said witnesses reported seeing a man leaving Laurel in a silver car. Bolduc referred to the man as a suspect in the deaths and said he may have picked up a passenger on the way out of town.
Investigators believe whoever set the fires may have suffered burns, Bolduc added.
He would not say how or whether the victims were related and declined to speculate on the circumstances leading to the killings.
“We’re not categorizing it as anything right now,” Bolduc said.
Laurel is home to fewer than 1,000 people and is located about 100 miles (160 kilometers) northwest of Omaha.
“Laurel is a very safe community,” said Cedar County Sheriff Larry Koranda. “It shakes everybody up.”
Most businesses, a senior center and schools in the community voluntarily went on lockdown around the time the bodies were discovered. That came at the recommendation of the city's lone police officer, said Lori Hansen, a clerical assistant at the Laurel City Hall. But even community officials were scrambling for information about what was unfolding in the normally quiet town, she said.
“We’ve been listening to TV to try to find out what’s going on,” Hansen said.
Credit: Riley Tolan-Keig
Credit: Riley Tolan-Keig
Credit: Riley Tolan-Keig
Credit: Riley Tolan-Keig | https://www.springfieldnewssun.com/nation-world/patrol-4-found-dead-in-2-burning-homes-in-nebraska-city/6BFP6VXR3FGIFGGLT57SFTPRKY/ | 2022-08-04T21:54:45Z | https://www.springfieldnewssun.com/nation-world/patrol-4-found-dead-in-2-burning-homes-in-nebraska-city/6BFP6VXR3FGIFGGLT57SFTPRKY/ | true |
LAS VEGAS (AP) — A Las Vegas-based corporate owner of thousands of residential rental properties in several U.S. states is facing investigations about whether it improperly evicted tenants during the coronavirus pandemic, while it received millions of federal dollars aimed at keeping people in their homes.
Probes of The Siegel Group announced by Nevada state Attorney General Aaron Ford’s office and Clark County officials followed findings by a congressional oversight panel that company executives used “potentially unlawful” tactics last year to force tenants out.
“Siegel’s pandemic eviction practices were uniquely egregious,” the U.S. House Select Subcommittee on the Coronavirus Crisis said in its 41-page report. It said documents showed “harassment tactics and potentially unlawful lockouts to push tenants out of their homes without filing formal eviction actions.”
“Siegel received at least $5.5 million in federal assistance to offset pandemic costs and tenant rental arrears as it flouted tenant protections,” the report said.
Sean Thueson, Siegel Group executive vice president and general counsel, provided a company statement Wednesday saying Siegel was not “called or interviewed” for the House committee report.
“The Siegel Group has and always will try to run the most dignified rental housing business we can,” the statement said, adding that the company “has at all times been committed to abiding by the letter and the spirit of the law applicable to our operations.”
The congressional panel looked at evictions filed through July 2021 by subsidiaries of The Siegel Group and three other companies: Ventron Management, with apartments in Georgia, Florida and Alabama; Pretium Partners, corporate parent of Progress Residential and Front Yard Residential with rental homes in 24 states; and Invitation Homes, a publicly traded company with single-family rental houses in 11 states.
It said Siegel executives advised subordinates to “bluff” tenants out of their apartments by confusing them about protections they had under a federal Centers for Disease Control and Prevention eviction moratorium — including posting copies of a court order suggesting the CDC eviction moratorium was no longer in effect.
A national eviction moratorium enacted in September 2020 by the CDC was lifted in August 2021 after a ruling by the U.S. Supreme Court.
In another case, the House panel said, a Siegel executive sent to employees in Texas a list of strategies to “‘get rid of’ a ‘past due’ tenant without obtaining an eviction order from a court,” the congressional panel found.
Instructions included replacing the tenant’s air conditioning unit with one that didn’t work, asking state child welfare officials to investigate the tenant, and having security knock on her door “at least twice at night,” the report said.
Ford, the Nevada attorney general, characterized the report as “shocking and disturbing.”
“Evicting people from their homes during one of the most disastrous public health crises in our nation’s history is not only irresponsible, but offensive,” he said in a statement.
A Nevada eviction moratorium was first enacted in March 2020 amid business closures due to the pandemic by Gov. Steve Sisolak. The state moratorium was extended several times and ended in May 2021. Ford and Sisolak are Democrats.
Ford said the state “worked with tenants and landlords, including Siegel Suites, to ensure compliance with the directive.”
County officials want to review rental assistance provided to Siegel Suites and Siegel Select hotel-apartment units in and around Las Vegas, and “remedy any wrongs,” Dan Kulin, a county spokesman, told the Las Vegas Review-Journal on Monday.
Kulin did not immediately respond Wednesday to messages from The Associated Press.
Siegel Suites rents apartments beginning at $169 a week in states also including Arizona, New Mexico, Texas, Louisiana and Mississippi. It markets rentals as “flexible-stay” because it does not require a long-term lease.
The congressional panel noted the Federal Trade Commission and Consumer Financial Protection Bureau “warned against deceptive and unfair business practices” during the pandemic, but said it “is not clear that enforcement actions were prompt enough to deter such behavior from causing tenants to lose their homes.” | https://cw33.com/health/ap-health/vegas-based-rental-firm-faces-probes-over-pandemic-evictions/ | 2022-08-04T21:55:02Z | https://cw33.com/health/ap-health/vegas-based-rental-firm-faces-probes-over-pandemic-evictions/ | true |
SEATTLE (AP) _ Zillow Group Inc. (Z) on Thursday reported net income of $8 million in its second quarter.
On a per-share basis, the Seattle-based company said it had profit of 3 cents. Earnings, adjusted for stock option expense and to extinguish debt, were 47 cents per share.
The real estate website operator posted revenue of $1.01 billion 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 Z at https://www.zacks.com/ap/Z | https://www.mrt.com/business/article/Zillow-Q2-Earnings-Snapshot-17352376.php | 2022-08-04T21:55:41Z | https://www.mrt.com/business/article/Zillow-Q2-Earnings-Snapshot-17352376.php | true |
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NEW YORK (AP) — “Pose” star Angelica Ross is set to make her Broadway debut in “Chicago” this fall, becoming the first openly transgender actor to play the murderous vixen Roxie Hart in the long-running musical.
Ross, whose credits also include “American Horror Story: 1984,” will start an eight-week run beginning Sept. 12 at the Ambassador Theatre.
She will join a Broadway starting to open its arms to transgender actors. In 2018, “Ru Paul’s Drag Race” star Peppermint became the first openly trans woman to originate a principal role on Broadway, starring in the Go-Go’s jukebox musical “Head Over Heels.” This spring, L Morgan Lee made history as the first openly transgender person to be nominated and go on to win a Tony Award for her work as a featured actress in the musical “A Strange Loop.”
Set in the 1920s, “Chicago” is a scathing satire of how show business and the media make celebrities out of criminals. It has Bob Fosse-inspired choreography, skimpy outfits and killer songs such as “All That Jazz” and “Cell Block Tango.”
It tells the story of Hart, a housewife and dancer who murders her on-the-side lover after he threatens to leave her. To avoid conviction, she hires Chicago’s slickest criminal lawyer to help her dupe the public, media and her rival cellmate, Velma Kelly, by creating shocking headlines.
Other principal and featured Broadway actors who have identified as trans include Alexandra Billings in “The Nap,” Becca Blackwell in the play “Is This a Room,” and Kate Bornstein and Ty Defoe in “Straight White Men.”
The celebrity-craving heroine at the heart of "Chicago'' has been played by dozens of women since the show opened in 1996, including Melanie Griffith, Christie Brinkley, Marilu Henner, Brooke Shields, Lisa Rinna, Gretchen Mol, Ashlee Simpson, Brandy Norwood, Jennifer Nettles and Robin Givens. Pamela Anderson made headlines earlier this year when she played Roxie.
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Mark Kennedy is at http://twitter.com/KennedyTwits | https://www.mrt.com/entertainment/article/Chicago-to-welcome-trans-actor-Angelica-Ross-as-17352190.php | 2022-08-04T21:56:00Z | https://www.mrt.com/entertainment/article/Chicago-to-welcome-trans-actor-Angelica-Ross-as-17352190.php | true |
WASHINGTON (AP) — In a surprise victory for Republicans, the Senate on Thursday voted to overturn a Biden administration rule requiring rigorous environmental review of major infrastructure projects such as highways, pipelines and oil wells — a victory enabled in part by Democratic Sen. Joe Manchin of West Virginia.
Manchin, a key player on energy and climate issues and a swing vote in the closely divided Senate, joined with Republicans to support the measure, which was approved 50-47. The vote comes as Manchin has proposed a separate list of legislative measures to speed up environmental permitting for major projects in return for his support of a Democratic bill to address climate change.
Republicans voted unanimously to overturn the Biden permitting rule, while Manchin was the only Democrat to support it. Three senators were absent: Republican John Cornyn of Texas and Democrats Patrick Leahy of Vermont and Jeff Merkley of Oregon. The vote sends the measure to the Democratic-controlled House, where it is unlikely to move forward.
Still, the vote signaled strong Senate support for action to reform the often onerous federal permitting process, which can take up to eight to 10 years for highways and other major projects. Streamlining federal review is a top Manchin and GOP priority that is not shared by most Democrats.
Sen. Dan Sullivan, an Alaska Republican, sponsored the measure to overturn the Biden rule, saying new regulations under the National Environmental Policy Act, or NEPA, will further bog down the permitting process and delay critical infrastructure projects the country needs.
The Biden rule — which overturns an action by the Trump administration loosening environmental reviews — requires regulators to consider the likely impacts on climate change and nearby communities before approving major projects. The new requirement “is going to add to the red tape” that prevents major infrastructure projects from being approved in a timely manner, Sullivan said.
While President Joe Biden has called infrastructure a priority — and pushed for a $1 trillion bipartisan infrastructure law passed last year — the new NEPA rule actually “makes it harder to build infrastructure projects” in the United States, Sullivan said.
“The only people, in my view, who really like this new system are radical far-left environmental groups that don’t want to build anything … and probably the Chinese Communist Party,” he said on the Senate floor. China and other competitors likely “love the fact that it takes 9 to 10 years to permit a bridge in the U.S.A.,” Sullivan said.
The new rule, finalized this spring, restores key provisions of NEPA, a bedrock environmental law that is designed to ensure community safeguards during reviews for a wide range of federal projects, including roads, bridges and energy development such as pipelines and oil wells. The longstanding reviews were scaled back under former President Donald Trump in a bid to fast-track projects and create jobs.
The White House Council on Environmental Quality said in implementing the new rule that it should restore public confidence during environmental reviews. The change could actually speed up projects by helping to “ensure that projects get built right the first time,” said CEQ Chair Brenda Mallory.
Projects approved by the Trump administration were frequently delayed or defeated by lengthy court battles from groups challenging environmental reviews as inadequate.
Manchin, who brokered a surprise deal last week on climate legislation with Senate Majority Leader Chuck Schumer, said he’s won promises from Biden and Democratic leaders in Congress to pursue permitting reforms to speed approval of projects in his energy-producing state and across the country. Manchin’s wish list includes swift federal approval of controversial Mountain Valley Pipeline, which would produce natural gas in Manchin’s home state of West Virginia and has been delayed for years by court battles and other issues.
Manchin’s list includes a number of proposals supported by Republicans, including a two-year deadline on environmental reviews; changes to the Clean Water Act; limitations on judicial review; and prompt action on projects determined by the Energy secretary to be in the national interest.
Environmental groups have decried Manchin’s proposals as counter-productive to the climate legislation and a threat to the environment and communities where projects would be built.
Madeleine Foote, deputy legislative director of the League of Conservation Voters, dismissed the Senate vote Thursday as “nothing more than a Republican-led stunt to appease their fossil fuel-industry allies.”
Foote and other environmentalists said strong NEPA review is needed to ensure that those most affected by an energy project have a say in the projects built in their communities.
“Thorough, community-based environmental reviews are critical to helping eliminate environmental racism and making sure low-income communities and communities of color are protected from polluters who want to build dirty, toxic projects in their backyards,” Foote said.
She called on Congress to approve the Manchin-Schumer climate bill as soon as possible. Senate leaders have said a vote is likely this week.
Kabir Green, director of federal affairs at the Natural Resources Defense Council, another environmental group, said Americans are “seeing the effects of climate change in catastrophic detail, from the heat waves in Texas to wildfires in New Mexico to the devastating flooding in Kentucky. But the Senate is voting to prevent the federal government from considering climate change when making decisions. This makes no sense.” | https://www.seattletimes.com/business/surprise-senate-vote-would-overturn-biden-environmental-rule/?utm_source=RSS&utm_medium=Referral&utm_campaign=RSS_all | 2022-08-04T21:56:04Z | https://www.seattletimes.com/business/surprise-senate-vote-would-overturn-biden-environmental-rule/?utm_source=RSS&utm_medium=Referral&utm_campaign=RSS_all | false |
DENVER (AP) _ Intrepid Potash Inc. (IPI) on Thursday reported second-quarter profit of $23.7 million.
The Denver-based company said it had profit of $1.74 per share. Earnings, adjusted for non-recurring costs, came to $1.82 per share.
The potash and fertilizer producer posted revenue of $91.7 million in the period. Its adjusted revenue was $82.5 million.
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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 IPI at https://www.zacks.com/ap/IPI | https://www.sfgate.com/business/article/Intrepid-Potash-Q2-Earnings-Snapshot-17352439.php | 2022-08-04T21:56:07Z | https://www.sfgate.com/business/article/Intrepid-Potash-Q2-Earnings-Snapshot-17352439.php | false |
NEW YORK, Aug. 4, 2022 /PRNewswire/ -- Levi & Korsinsky notifies investors that it has commenced an investigation of Atara Biotherapeutics, Inc. ("Atara" or the "Company") (NASDAQ: ATRA) concerning possible violations of federal securities laws.
On November 4, 2021, Atara issued a press release touting its T cell immunotherapy product candidate, ATA188. In this release, the Company claimed that there was "positive momentum around the ATA188 program" and "increasing awareness of and excitement . . . among the medical community and industry." Atara also made positive statements about ATA188 with regard to patients' sustained disability improvement and about Atara's progress with enrollment in Phase 2 efficacy and safety studies.
Then, on February 28, 2022, Atara issued a press release attached to their Form 8-K, providing an update on ATA188. The Company claimed that "a key data point at the time of the interim analysis will be EDSS [expanded disability status scale] improvement at six months for applicable patients. In the Phase 1 study, EDSS improvement at six months was >85 percent predictive of achieving sustained EDSS improvement at 12 months, the primary endpoint of EMBOLD [Phase 2 randomized, placebo-controlled study]." Stock price fell from $12.85 per share to $10.21 per share the next trading day, as the market reacted negatively to this prediction.
On July 12, 2022, after the market closed, Atara announced the completion of its interim analysis of its phase 2 EMBOLD study for ATA188. The company stated:
"Based on the analysis of the EMBOLD data available at the time of the IA [interim analysis], there was not a sufficient dataset to draw conclusions about the predictive value of six months EDSS improvement for 12 months EDSS improvement. The IDSMC [Independent Data and Safety Monitoring Committee] believes the six-month interim endpoint may be an inaccurate measure of the potential of this intervention in this condition."
As of 3:50pm on July 13, 2022, ATRA stock traded at $3.905 per share after closing at $8.66 per share on July 12, 2022. To obtain additional information, go to:
or contact Joseph E. Levi, Esq. either via email at jlevi@levikorsinsky.com or by telephone at (212) 363-7500.
WHY LEVI & KORSINSKY: Over the past 20 years, the team at Levi & Korsinsky has secured hundreds of millions of dollars for aggrieved shareholders and built a track record of winning high-stakes cases. Our firm has extensive expertise representing investors in complex securities litigation and a team of over 70 employees to serve our clients. For seven years in a row, Levi & Korsinsky has ranked in ISS Securities Class Action Services' Top 50 Report as one of the top securities litigation firms in the United States.
CONTACT:
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
Ed Korsinsky, Esq.
55 Broadway, 10th Floor
New York, NY 10006
jlevi@levikorsinsky.com
Tel: (212) 363-7500
Fax: (212) 363-7171
www.zlk.com
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SOURCE Levi & Korsinsky, LLP | https://www.wlbt.com/prnewswire/2022/08/04/atra-investor-alert-levi-amp-korsinsky-llp-reminds-investors-an-investigation-involving-possible-securities-fraud-violations-by-certain-officers-directors-atara-biotherapeutics-inc/ | 2022-08-04T21:56:18Z | https://www.wlbt.com/prnewswire/2022/08/04/atra-investor-alert-levi-amp-korsinsky-llp-reminds-investors-an-investigation-involving-possible-securities-fraud-violations-by-certain-officers-directors-atara-biotherapeutics-inc/ | false |
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