text stringlengths 46 525k | url stringlengths 24 420 | crawl_date timestamp[us, tz=UTC]date 2022-04-01 00:01:42 2022-09-25 07:27:13 | id stringlengths 24 420 | label bool 2 classes |
|---|---|---|---|---|
QUIET TODAY, UNSETTLED THIS WEEKEND
Your First Alert Weather Forecast:
High pressure remains close by and will allow for a beautiful end to the work week. Mostly sunny skies and highs in the low to middle 80s are in the forecast today. It will be humid, but otherwise expect pleasant conditions for Packers Family Night.
The forecast is looking much more active this weekend. Tomorrow is going to be a breezy, hot, and humid day. The heat builds ahead of a cold front that will arrive later in the day. Showers and storms will form along the front and could move into our area by late in the day tomorrow. This front will stall out over us Sunday meaning periods of showers and storms can be expected. It’s too early to tell if storms will be strong or severe, but there certainly is the potential for some heavy downpours.
You can always keep our forecast handy with our free weather app. Look for the WBAY First Alert Weather App in the Apple app store and Google Play (click here on your mobile device).
________________________________________________________________________
WIND & WAVES FORECAST:
FRIDAY: E/SE 5-10 KTS... WAVES: 1-2′
SATURDAY: SSW 10-20 KTS... WAVES: 2-4′ (*SMALL CRAFT ADVISORY POSSIBLE*)
_________________________________________________________________________
TODAY: Mostly sunny. Warmer & humid. HIGH: 85
TONIGHT: Scattered clouds. Mild & calm. LOW: 65
SATURDAY: Early sunshine. Storms psbl. late. Hot & humid. HIGH: 90 LOW: 69
SUNDAY: Periods of rain & storms. Staying humid. HIGH: 80 LOW: 60
MONDAY: Chance of morning showers - Mainly SOUTH. Otherwise, partly cloudy. Seasonably cool. HIGH: 75 LOW: 55
TUESDAY: Partly cloudy. HIGH: 79 LOW: 58
WEDNESDAY: Partly cloudy. HIGH: 83 LOW: 60
THURSDAY: Partly cloudy. HIGH: 81
Copyright 2022 WBAY. All rights reserved. | https://www.wbay.com/2022/08/05/quiet-today-unsettled-this-weekend/ | 2022-08-05T09:35:26Z | https://www.wbay.com/2022/08/05/quiet-today-unsettled-this-weekend/ | false |
Commonwealth Games 2022: Rohit Tokas beats Mata’afa-Ikinofo 5-0, advances to 67kg semifinals
India’s boxing contingent is assured of seven medals at the Birmingham Commonwealth Games 2022 after reaching the semi-finals in their respective weight categories.
Rohit Tokas’ spectacular performance earned him a comprehensive 5-0 win over Niue’s Xavier Mata’fa-Ikinofo in a men’s 67kg quarterfinal bout and fetched him a place in the semifinals at the Commonwealth Games in Birmingham late on Thursday night.
It was a better-late-than-never moment for 29-year-old Tokas, who ensured his first medal in a major event and became the seventh Indian boxer to make it to the last-four.
The Delhi boy landed solid jabs and powerful combinations with his fast hands to bring a standing count for his opponent in the first round.
The Niue boxer showed a lot of courage to challenge Tokas, who moved in and out nicely to deliver hard punches.
Tokas tweaked his strategy a little to deliver more jabs from a safe distance in the final round.
Even though Xavier got one card apiece in his favour in the last two rounds, he could not stop the Indian from walking away with a unanimous decision.
A confident Tokas punched in the air to celebrate his performance even before the announcement of the result. He will take on Zambian Olympian Stephen Zimba, who defeated Uganda’s Isaac Owen Kibira 5-0, in the last-four.
Altogether seven Indians, including three women, will be seen in action in the semifinals on Saturday. They are Amit Panghal (51kg), Mohammad Hussamuddin (57kg), Rohit Tokas (67kg) and Sagar Ahlawat (+92kg) in the men’s section, and Nitu Ghanghas (48kg), Nikhat Zareen (50kg) and Jaismine Lamboria (60kg) in the women’s section.
- Comments will be moderated by The Hindu editorial team.
- Comments that are abusive, personal, incendiary or irrelevant cannot be published.
- Please write complete sentences. Do not type comments in all capital letters, or in all lower case letters, or using abbreviated text. (example: u cannot substitute for you, d is not 'the', n is not 'and').
- We may remove hyperlinks within comments.
- Please use a genuine email ID and provide your name, to avoid rejection. | https://www.thehindu.com/sport/commonwealth-games-2022-rohit-tokas-beats-mataafa-ikinofo-5-0-advances-to-67kg-semifinals/article65730348.ece | 2022-08-05T09:40:30Z | https://www.thehindu.com/sport/commonwealth-games-2022-rohit-tokas-beats-mataafa-ikinofo-5-0-advances-to-67kg-semifinals/article65730348.ece | false |
Sterling creeps lower vs dollar after BoE's gloomy outlook
Register now for FREE unlimited access to Reuters.com
LONDON, Aug 5 (Reuters) - The British pound eased against the U.S. dollar on Friday, a day after the Bank of England (BoE) raised interest rates by the most in 27 years in an attempt to smother surging inflation but delivered a stark warning about growth.
The BoE lifted its main interest rate by 50 basis points to 1.75%, its highest since late 2008, but said the economy would slip into recession at the end of 2022 and not emerge until 2024. read more
Analysts predict that the gloomy outlook, coupled with the BoE's resolve to fight inflation, which the bank expects to hit 13%, is likely to keep sterling under pressure.
Register now for FREE unlimited access to Reuters.com
"For the pound, that is not a positive when the central bank is raising rates into a recession as that raises the outlook for a sharp slowdown," said Lee Hardman, currency analyst at MUFG in London.
"We remain bearish on the pound. But a lot of that is priced in and the pound is being driven by global risk sentiment."
The pound was last trading down 0.1% against the dollar at $1.21385 after dropping as low as $1.2065 after the BoE's decision on Thursday.
Against the euro, the pound eked out a 0.1% gain after a 0.64% drop on Thursday, its biggest one-day fall since June 14.
Market attention was now turning to Friday's U.S. jobs report for hints about the state of the world's largest economy and its labour market.
Economists expect an increase of 250,000 jobs for the month of July, after 372,000 were added in June. read more
Register now for FREE unlimited access to Reuters.com
Our Standards: The Thomson Reuters Trust Principles. | https://www.reuters.com/markets/europe/sterling-creeps-lower-vs-dollar-after-boes-gloomy-outlook-2022-08-05/ | 2022-08-05T09:43:34Z | https://www.reuters.com/markets/europe/sterling-creeps-lower-vs-dollar-after-boes-gloomy-outlook-2022-08-05/ | false |
TOKYO, Aug. 5, 2022 /PRNewswire/ -- KLab Inc., a leader in online mobile games, announced that its head-to-head football simulation game Captain Tsubasa: Dream Team will have a collaboration with the J.League. Starting Friday, August 5th new players including Ryo Ishizaki, Jun Misugi, Shun Nitta, Leo, and Teppei Kisugi wearing the official J.League kits for the 2022 season will appear in the game. In addition, various in-game campaigns will be held to celebrate the collaboration. See the original press release (https://www.klab.com/en/press/) for more information.
J.LEAGUE Collaboration Campaign
Players who were part of the J.League in the original Captain Tsubasa story will appear in Captain Tsubasa: Dream Team wearing the official J.League kits for the 2022 season.
The campaign will feature a login bonus, daily scenarios, and more so be sure to check out the in-game notifications for more information.
J.LEAGUE Selection Transfer
Jun Misugi, Ryo Ishizaki, Shun Nitta, Leo wearing J.LEAGUE official kits debut as new players in this Transfer. This is a Step-Up Transfer where 1 new SSR player is guaranteed on Step 5.
Dreamball Exchange Update
Home, away, and keeper kits for 18 teams from the 2022 Meiji Yasuda J1 League are now available in the Dreamball Exchange.
Summer Campaign Begins
The campaign will feature a login bonus, event missions, and the Summer Cup. Participate in the Summer Cup during the event period to receive amazing ranking rewards.
Overview of Captain Tsubasa: Dream Team
Download here:
App Store: https://itunes.apple.com/app/id1293738123
Google Play: https://play.google.com/store/apps/details?id=com.klab.captain283.global
AppGallery: https://appgallery.huawei.com/#/app/C105375049
View original content to download multimedia:
SOURCE KLab Inc. | https://www.wymt.com/prnewswire/2022/08/05/captain-tsubasa-dream-team-debuts-5-new-players-including-ryo-ishizaki-jun-misugi-wearing-2022-season-jleague-official-kits/ | 2022-08-05T09:47:24Z | https://www.wymt.com/prnewswire/2022/08/05/captain-tsubasa-dream-team-debuts-5-new-players-including-ryo-ishizaki-jun-misugi-wearing-2022-season-jleague-official-kits/ | true |
India is witnessing death of democracy: Rahul Gandhi
New Delhi: Congress leader Rahul Gandhi on Friday alleged that India is witnessing the "death of democracy" and anybody who stands against the onset of dictatorship is "viciously attacked".
Addressing a press conference at the AICC headquarters here ahead of the nationwide protest by the Congress against price rise and GST on essential items, he said the Gandhi family is attacked because it fights for democracy and for communal harmony.
Gandhi charged that the sole agenda of the government is that people's issues such as price rise, unemployment and violence in society must not be raised.
There is no democracy in India and there is a dictatorship of four people, he alleged.
"What we are witnessing is the death of democracy. That is what India is witnessing. What India has built brick by brick, starting almost a century ago, is basically being destroyed in front of your eyes," Gandhi, who was flanked by party leaders Jairam Ramesh and Ashok Gehlot, said.
"All of you know it, all of India knows it. Anybody who stands against this idea of the onset of dictatorship, does not matter who he is, where he comes from, which state, which religion, male or female, that person is viciously attacked, put in jail, arrested, beaten up," he said.
The idea is that people's issues, whether they are price rise, unemployment, violence in society, must not be raised, Gandhi said.
He alleged that the government is being run to protect the interests of four-five people and this "dictatorship" is being run in the interest of "two-three big business people by two people".
Asked about the questioning by the Enforcement Directorate of Congress president Sonia Gandhi and him in the National Herald case, he said, "Question all you want, there is absolutely nothing there, everybody knows it".
"My job is to resist the idea of the RSS and the more I do it, the more I will be attacked. I am happy, attack me," he said.
Gandhi asserted that the government can "continue scaring" them, it will not make a difference.
To another question, he said, "They attack the Gandhi family because we fight for an ideology and there are crores of people like us. We fight for democracy, for communal harmony and have been fighting for years. Only I did not do this. This has being done for years, my family members have given their lives," he said, adding that this is "our responsibility" .
"When India is divided and Hindus-Muslims are made to fight then we feel pained, when someone is assaulted for being Dalit, we are pained, when a woman is beaten up, we are pained that is why we fight. This is not a family, this is an ideology," he asserted.
The Congress is set to hold nationwide protests and will also 'gherao' Prime Minister Narendra Modi's residence against price rise, unemployment and GST hike on some essential items.
Lok Sabha and Rajya Sabha MPs of the party will also hold a "Chalo Rashtrapati Bhavan" (march to Rashtrapati Bhavan) from Parliament to register the protest against price rise and unemployment.
In all capital cities, the state units would organise a gherao of Raj Bhavans in which MLAs, MLCs, former MPs and senior leaders will participate.
In 100 bail orders: 'Videos' used for arrest in 44; 32 of these failed...
22 Feb 2021 7:11 PM GMTDelhi Police say 1,753 held but courts heard over 4,347 bail pleas
21 Feb 2021 8:26 PM GMT755 FIRs and 342 chargesheets against 1,553 people later – not a...
21 Feb 2021 7:48 PM GMTOf courts' bugbears, most common 'doubtful' police, public witness...
23 Feb 2021 7:29 PM GMTA Delhi Police-sized roadblock in victims' path to justice — clubbing...
25 Feb 2021 7:39 PM GMT
Maha: Rebel Shiv Sena MLA's son complains of getting threat call for...
5 Aug 2022 9:35 AM GMTED conducts raids in Tamil Nadu in Chinese visa 'scam' case
5 Aug 2022 9:33 AM GMTMPs do not enjoy immunity from arrest in criminal cases during...
5 Aug 2022 9:32 AM GMTUK PM race: Rishi Sunak wins over voters in TV debate
5 Aug 2022 9:31 AM GMTGold marginally lower; silver falls Rs 487
5 Aug 2022 9:31 AM GMT | http://www.millenniumpost.in/big-stories/india-is-witnessing-death-of-democracy-rahul-gandhi-488516 | 2022-08-05T09:48:23Z | http://www.millenniumpost.in/big-stories/india-is-witnessing-death-of-democracy-rahul-gandhi-488516 | false |
Take a look at the beta version of dw.com. We're not done yet! Your opinion can help us make it better.
Founded in 2014, the Riga-based news website Meduza is the only major independent Russian media outlet that continues to report on the war in Ukraine. Its co-founder Ivan Kolpakov contributed this essay to Weltzeit.
Shortly after the Russian invasion of Ukraine began, Meduza evacuated a third of its editorial staff from Russia, more than 20 people. In just a few days, our editors and journalists, who lived in various Russian cities, had to pack their bags, get cats and dogs chipped, get their partners to agree to their departure, say goodbye to friends and parents - and to their former lives.
By that point, Meduzxa had gone into 24/7 mode, though we had never been able to afford it before - due to a lack of resources. Despite the evacuation, work in the newsroom did not stop for a minute. But as difficult as it was, it seems to us that the problems Meduza has faced pale in comparison with what the staff of many other Russian publications has been going through these days.
We launched Meduza in 2014 in Riga, the capital of Latvia. We decided to do media in exile because we did not believe that the situation in Russia could change for the better. Almost all of Meduza's journalists and editors had experienced pressure from the authorities. Our publications were shut down and editorial offices were dispersed; we and our colleagues were fired and persecuted for political reasons. We were shocked by the annexation of Crimea and the Donbass war - and crushed by the emergence of a "Crimean majority" in the country that fervently supported the "return" of the peninsula to Russia.
We were sure that our site would be blocked someday - most likely soon - and that we would inevitably have to evacuate reporters from Russia, if we still had them there. That is why we launched Meduza first of all as a mobile app and only then as a website (the app is almost impossible to block), and why we immediately began to build a multiplatform infrastructure, which is difficult for the authorities to deal with. The editors initially prepared for the worst, and eight years later this strategy has helped us survive - at least until now.
Russia is apparently losing the war in Ukraine. But it has won the war against its own independent journalists inside the country. This war began immediately after Putin became president. For 20 years, the state has been pushing the quality press to the margins of the market. First, the government took full control over television (presumably, the key reason for this was the critical reporting by television journalists on the Kursk submarine disaster, during which Putin looked like a helpless and weak leader). Then the owners and editors-in-chief of major newspapers and Internet publications were replaced with loyalists or unfit people (often both together). We Russian journalists were boiled like frogs - slowly increasing the fire under the cauldron.
However, even after 2014, when the space in which independent Russian media operated began to look more like a ghetto, journalists in Russia continued to launch notable projects. Mediazona, which analyzes the state of the law enforcement system; Wonderzine, which has made the feminist agenda part of the media mainstream; the teams around Yuri Dudy, Katerina Gordeeva, and other journalists forming alternative television on YouTube; OVD-Info, which helps people involved in protest actions; Project, Important Stories, and The Insider, which investigates corruption and political murders. The list could go on and on. The existence of these projects seemed puzzling to many observers abroad: it seemed that authoritarianism had finally taken hold in Russia, so how could a truly independent press function in these conditions?
Vitality and ingenuity have become the main characteristics of independent journalism in Russia. A new generation of media projects refused to contact the authorities; they stopped pretending to believe in the rules of the game proposed by the state, and editors and journalists themselves learned to work in accordance with absurd laws, while remaining principled professionals able to defend their position. On the eve of the invasion, there was a tiny but very interesting independent media market in Russia.
A perfect example of this vitality was the authorities' unprecedented campaign against independent media last year, when the most important media outlets in Russia were declared "foreign agents" in turn; Meduza was its first target. Despite this heavy discriminatory status, in the end only one publication was shut down - the rest continued to resist and survived (and what was shut down was later relaunched under a new name). As for Meduza, immediately after we were declared a "foreign agent" we lost almost all of our advertisers (business in Russia has always tried unsuccessfully to remain "out of politics"), but as a result we ran one of the most successful crowdfunding campaigns in the country's history. We were literally saved by our readers.
Nevertheless, by now the process of destroying independent journalism has come to an end, and one might say quite successfully for the Kremlin. Immediately after the start of the military invasion, the authorities introduced military censorship: as is well known, even the word "war" is forbidden in Russia (but it is even more dangerous to speak out in support of peace). A law on fakes was passed that outlawed any honest reporting on the war in Ukraine. Tens of thousands of journalists are at risk of criminal prosecution and heavy prison sentences. Some independent media outlets have closed or suspended operations; all others have been blocked. Organizations with any resources evacuated their employees. Thousands of journalists fled the country without any support - and without much hope for a secure future.
Meduza survived. It was easier for us than for other publications to get people out of Russia: we have been working in Europe for eight years now, and migration of employees is commonplace for us (although, of course, the evacuation of a third of journalists and editors in just a few days was a test of strength). Despite the blockage, we continue to be read in Russia. First of all, our app knows how to bypass it. Meduza has already been blocked in Kazakhstan and Uzbekistan, and these events have allowed us to accumulate positive experiences of "life after death”. Since the war began, hundreds of thousands of people not only downloaded our app, but also subscribed to our other platforms, such as our Telegram Channel. Finally, Meduza is a social and political publication with the largest young audience in Russia. Half of our readers are under the age of 35. This means that many of them are well-versed in technology and, for example, had already installed a VPN before the invasion began.
At the same time, Western sanctions have been a heavy blow to Meduza and many other media, political and civic organizations created by Russians (this is not an attempt to evaluate their effectiveness in terms of fighting Putin's regime, but simply a statement of fact: we are collateral damage). In particular, the disconnection of banks from SWIFT paralyzed our crowdfunding campaign. We lost more than 33,000 regular donators from Russia - the people who ensured our stable existence, because monthly payments are the key component of any crowdfunding campaign.
Since the invasion began, we have completely refocused our crowdfunding campaign on the West. Meduza has reached out to people in other countries - primarily in Europe and North America - to take the place of Russians, who can no longer support us financially. Journalism is a universal value. The events now taking place in Ukraine and Russia are an important reminder of how fragile it is. It takes the efforts of people around the world to protect it. The truth is, it has never been easier. You can simply send money to publications that need it (even a small but regular payment can be a very valuable contribution to support independent journalism). You can write about these organizations in your publications or blogs. Or just tell your friends about them on Twitter or Facebook. Every action leads to results. We've seen this firsthand.
The example of Meduza shows that independent journalism can exist even when it is completely banned. No doubt Russia, if Putin survives this war, will continue to fight a free Internet - in particular by banning VPNs - but we will also find new solutions to deliver information to readers. After all, there is email. As we like to repeat, e-mail will work as long as there is internet in Russia (whether Russia will be cut off from the internet is a separate and debatable issue; personally, I have great doubts that this is feasible). In particular, this is why we are now investing a lot of effort in the creation of mailing lists.
There are other serious challenges facing independent media working for the Russian audience. For example, Meduza no longer has a full-time staff in Russia. Before the war, we worked there under surreal conditions: after years of difficult and unpleasant negotiations, our correspondents were finally able to obtain accreditation from the Ministry of Foreign Affairs - and became "foreign journalists" in their own country. This status, however, allowed them to practice journalism openly and without fear of prosecution. Now we have to rely solely on freelancers (if we are not talking about politics), or partisan reporters (if we are talking about reporting on war and political events). We have reason to believe that this network will grow wider and, over time, its effectiveness will increase - because we have spent years learning how to work in the most adverse conditions.
There is another important challenge that seems important to outline. Many people think that the way propaganda works is that television lies and people believe it. The reality, as usual, is more complicated than that. Of course, people who lived in the Soviet Union (and their children too) know that "central TV" - as it was called in the USSR - is not to be trusted. This is why, even now, viewers in Russia do not trust television. It is obvious to them (or they guess) that the news they are shown is a lie. The problem is that many of them don’t trust the independent media either. And the Western press is deemed even less trustworthy, along with Russian journalists working in exile, because they are regarded as "traitors" by some.
A crisis of trust in relations with the audience is experienced by journalistic organizations all over the world. But the situation is especially dire in countries where the authorities - either directly or through businessmen close to them - control key media outlets. This is, of course, not only about the Russian Federation or Belarus, but also about Hungary, Serbia, Turkey, and many other countries. The unobvious result of the propaganda in these countries is that people in principle stop believing anything or anyone. "We will never know the whole truth" is a very popular idea in Russia; it is the one that Russian propaganda has been spreading in recent years in the domestic market in the first place.
Will we, independent Russian journalists, be able to maintain or regain the trust of our readers? Especially given the fact that we are being physically cut off from them through blockades and being forced out of the country? This is a serious and painful issue (and it would be wrong to think of it as a technological one - although we will soon have to face many challenges in delivering uncensored content to people living in Russia). At Meduza, we try to find an answer to it every day. Telling people the truth about the war in Ukraine is not enough - when readers are not ready to accept this truth, or simply do not believe it exists.
Journalists who continue (or plan to) work for audiences living in Russia, I strongly believe, need to remember that our readers are not people who sit in a cozy chair and read a newspaper to which they can doze off. Our readers are people in trouble (even if they themselves are responsible for what happens to them). We can't turn a blind eye to that. That means we have to give them more than just news. They need empathy and support. And hope - more than ever.
Ivan Kolpakov is editor-in-chief and cofounder of the news website Meduza. Founded in 2014 by Galina Timchenko, Meduza is the only major independent Russian media outlet that continues to report on the war in Ukraine without censorship, and still has a large audience inside Russia (despite the fact that its website is blocked in Russia).
Weltzeit is published by DW and is available to read digitally. The latest title "Special journalistic operation: War in Europe" covers food insecurity, censorship, frontline reporting, espionage, press freedom, human rights and much more. | https://www.dw.com/en/can-russian-independent-journalism-survive-the-war/a-62449105 | 2022-08-05T09:50:05Z | https://www.dw.com/en/can-russian-independent-journalism-survive-the-war/a-62449105 | false |
A friendly store-front feline is missing after being cat-napped in broad daylight.
Boka, a Russian Blue kitten who would hang out at the Green Olives Deli & Grill in Brooklyn’s Park Slope neighborhood, was swiped off the sidewalk after he wandered out of the store on July 29, Brooklyn Paper reported.
Security camera footage shared by TikTok user @catluminati showed a man scoping out the store before walking up to the cat and stealing it.
Abdulmajeed Albahri, owner of the bodega that Boka called home, told The New York Post he was frightened because the kidnapper didn’t “look like someone who cares about cats.”
Albahri originally thought Boka had gotten lost or visited a nearby feline friend, but then he checked the security footage.
“The cat was so special … when the cat is here, he brings life to the store,” Albahri told the newspaper.
No arrests have been made and an investigation remains ongoing, the New York City Police Department told the Post.
After Albahri adopted Boka in January, the cat soon found fame on the Instagram page @kediboka. The page shows a number of adorable videos of Boka chasing after his tail, experiencing his first New York City snowstorm and stretching out on a shelf in the store:
Bodega cats have been swiped from New York City stores in the past, Brooklyn Paper noted, including one “very friendly” kitty who was stolen in 2017.
Albahri described Boka as his “entire world” on Instagram.
“I wish Boka will be back soon,” he wrote. | https://www.huffpost.com/entry/bodega-cat-kidnapped-new-york-city_n_62ecc0b0e4b09fecea4ccde0 | 2022-08-05T09:51:40Z | https://www.huffpost.com/entry/bodega-cat-kidnapped-new-york-city_n_62ecc0b0e4b09fecea4ccde0 | true |
TOKYO, Aug. 5, 2022 /PRNewswire/ -- KLab Inc., a leader in online mobile games, announced that its head-to-head football simulation game Captain Tsubasa: Dream Team will have a collaboration with the J.League. Starting Friday, August 5th new players including Ryo Ishizaki, Jun Misugi, Shun Nitta, Leo, and Teppei Kisugi wearing the official J.League kits for the 2022 season will appear in the game. In addition, various in-game campaigns will be held to celebrate the collaboration. See the original press release (https://www.klab.com/en/press/) for more information.
J.LEAGUE Collaboration Campaign
Players who were part of the J.League in the original Captain Tsubasa story will appear in Captain Tsubasa: Dream Team wearing the official J.League kits for the 2022 season.
The campaign will feature a login bonus, daily scenarios, and more so be sure to check out the in-game notifications for more information.
J.LEAGUE Selection Transfer
Jun Misugi, Ryo Ishizaki, Shun Nitta, Leo wearing J.LEAGUE official kits debut as new players in this Transfer. This is a Step-Up Transfer where 1 new SSR player is guaranteed on Step 5.
Dreamball Exchange Update
Home, away, and keeper kits for 18 teams from the 2022 Meiji Yasuda J1 League are now available in the Dreamball Exchange.
Summer Campaign Begins
The campaign will feature a login bonus, event missions, and the Summer Cup. Participate in the Summer Cup during the event period to receive amazing ranking rewards.
Overview of Captain Tsubasa: Dream Team
Download here:
App Store: https://itunes.apple.com/app/id1293738123
Google Play: https://play.google.com/store/apps/details?id=com.klab.captain283.global
AppGallery: https://appgallery.huawei.com/#/app/C105375049
View original content to download multimedia:
SOURCE KLab Inc. | https://www.kxii.com/prnewswire/2022/08/05/captain-tsubasa-dream-team-debuts-5-new-players-including-ryo-ishizaki-jun-misugi-wearing-2022-season-jleague-official-kits/ | 2022-08-05T09:55:14Z | https://www.kxii.com/prnewswire/2022/08/05/captain-tsubasa-dream-team-debuts-5-new-players-including-ryo-ishizaki-jun-misugi-wearing-2022-season-jleague-official-kits/ | true |
Love Island’s Liberty Poole on break-ups, putting herself first and inspiring her fans
No one went on more of a journey during the 2021 summer series of Love Island than Liberty Poole.
Adored by fans for her warm, down-to-earth personality, the Birmingham-born contestant left the villa four days before the final after splitting from Jake Cornish, with whom she’d been coupled up from day one.
While the pair initially seemed destined to live happily ever after, it became clear Poole was more invested in the relationship than Cornish, who, viewers suspected, may have been exaggerating his feelings for the cameras.
“You know what? It still affects me,” says Poole, who now lives in Manchester. “But in a good way. That was the first time I ever walked away [from a relationship] and said ‘No, I’m choosing me’ – and I’ve done that ever since.”
It helped that the bubbly blonde – who now has 1.5m followers on Instagram – was embraced by the Love Island fandom, for which she is hugely thankful.
“I was actually really fortunate, because I know some people can come out and they haven’t always had the nicest comments about them, which can be quite hard. You have to be very mentally strong.”
However, the 22-year-old wasn’t prepared for some of the backhanded compliments she received.
“Little things, like the cameras did me dirty and I’m so much better looking in person,” Poole explains. “I’m sure people don’t mean it in a horrible way, but sometimes you’re thinking, ‘Oh God, what did I look like?’”
While she may not have found lasting love in the Spanish villa, the former marketing student says her time on the reality show made her more confident in the long run.
“I think I don’t hold back on my views as much now. I put myself first as well – I never used to do that,” she reflects.
“Also, I’ll say what I think and stand up for what I think is right a lot more. I might not have done that, because I was too scared of hurting someone’s feelings.”
She hasn’t remained friends with Cornish (“Obviously, I always wish him well, but I’m not in contact – and haven’t been for a very, very long time”) and is now focused on her career as a social media influencer and TV personality.
“I would love in the future to get into presenting,” says Poole, who competed in Dancing On Ice earlier this year. “And also I would love to keep on inspiring young girls with my platform.”
Speaking at a panel event in London is another example of how her Love Island fame has changed Poole for the better.
“I can walk into a room and be myself,” she says. “There were about 50 people [in the audience] and I just walked in and started talking. I don’t get nervous. It’s turned me into a more confident, strong person.”
Now, the Skinny Tan ambassador is warning sun worshippers about the dangers of too much UV exposure with the brand’s ‘Fake it don’t bake it’ campaign, in partnership with charity Melanoma UK.
“It’s creating awareness against melanoma, which is skin cancer,” says Poole, who used sunbeds until a mole appeared on her stomach.
“I went to get it checked out and they were like, ‘It’s not cancerous at the moment, but it could turn aggressive’. And since then I just haven’t gone on a sunbed.”
Poole’s picks: 5 beauty buys she can’t live without
Skinny Tan 1 Hour Express Self-Tanning Mousse, £29.99
“I literally leave everything to the last minute! This saves my life because it develops in an hour, then you can wash it off – it’s one of my go-to products.”
MAC Lip Pencil in Spice, £18
“I’d say Spice and Soar are my two favorite lip liners from MAC. I like a pink lip. A nudey-pinky lipstick, and then I put a pink gloss over that – that’s my everyday lip look.”
Dior Backstage Glow Face Palette 001, £36
“I love a Dior highlighter – the highlighting palette is really nice, because you have loads of nice shades to choose from.”
Revolution Superdewy Liquid Blush in Flushing For You, £5, Boots
“Liquid blush is one of my new favourites. It gives you a really nice glow.”
Jean Paul Gaultier Scandal Eau de Parfum, £51 for 30ml, The Perfume Shop
“Jean Paul Gaultier Scandal is my number one perfume in the whole world. It smells so good. You know when you have a perfume and it becomes your smell? It’s really feminine, and it says in the name – scandalous, but in a good way!”
The best videos delivered daily
Watch the stories that matter, right from your inbox | https://www.newschainonline.com/celebrity/love-islands-liberty-poole-on-break-ups-putting-herself-first-and-inspiring-her-fans-284680 | 2022-08-05T10:00:34Z | https://www.newschainonline.com/celebrity/love-islands-liberty-poole-on-break-ups-putting-herself-first-and-inspiring-her-fans-284680 | true |
Man found dead with gunshot wound in Lexington, police investigating
Lexington Police say it happened a little before 2AM Friday morning
LEXINGTON, Ky. (WTVQ) – Lexington Police are investigating a fatal shooting early Friday morning.
According to Lexington Police, calls for a person down came in a little bit before 2AM Friday morning on the 1800 block of Augusta Drive.
When officers arrived at the scene, they found an adult man with a gunshot wound. He was pronounced dead at the scene.
Investigators say they have no suspects at this time and are asking the public’s help for any information they may have on this case.
This is a developing story. | https://www.wtvq.com/man-found-dead-with-gunshot-wound-in-lexington-police-investigating/ | 2022-08-05T10:04:07Z | https://www.wtvq.com/man-found-dead-with-gunshot-wound-in-lexington-police-investigating/ | false |
Motherson Sumi Wiring India Q1FY23 revenues and PAT up by 50% and 107% respectively
During the quarter, the company realigned its operations in Bengaluru and Chennai to cater to the increased customer requirements. The company is also adding a new facility in Chennai to support the growth in the region, a company regulatory filing said.
New Delhi:Motherson Sumi Wiring India Limited (MSWIL) on Friday reported its Q1 FY23 revenues of INR 1,671 crores, up by 50%. Meanwhile, the company’s quarterly EBITDA stood at INR 208 crores, up by 81%, and Q1 FY23 PAT at INR 126 crores, up by 107%.
Vivek Chaand Sehgal, Chairman, Motherson Sumi Wiring India Ltd., said, “The Indian automotive industry continued to face semiconductor shortages and supply chain constraints during the quarter, thereby impacting the ability to achieve full production volumes to meet the strong market demand.”
However, “We do see gradual improvement going forward as supply chain issues ease though the inflationary environment persists. Under these given circumstances, the company has performed well,” he added.
During the quarter, the company realigned its operations in Bengaluru and Chennai to cater to the increased customer requirements. The company is also adding a new facility in Chennai to support the growth in the region, a company regulatory filing said.
A dedicated line has also been set up in Chennai for high voltage harnesses to meet the supplies for customers' EV vehicle demand (Passenger Vehicles, Commercial Vehicles & Two-Wheelers). This augments the high voltage wire harness facilities in Pune. Also Read:
According to the company, its EBITDA for Q1 FY23 stood at INR. 214.86 crore as against INR. 192.88 crore during the same period in the previous year, showing an increase of 11.4%.
Profit before tax stood at INR 438 crores (EUR 51.8 million which constitutes 12.3% of total revenue from operations; that is a 30.5% increase over the same quarter of the previous year. Profit after tax stood at INR 334 crores (EUR 39.5 million) which is 9.4% of revenue from operations, the company said.
K Mahendra Kumar, the present Chief Financial Officer of the company, has resigned and he will be relieved from the services of the company on September 8, 2022. Meyyappan will take charge on the next day. | https://auto.economictimes.indiatimes.com/amp/news/auto-components/motherson-sumi-wiring-india-q1fy23-revenues-and-pat-up-by-50-and-107-respectively/93368600 | 2022-08-05T10:06:59Z | https://auto.economictimes.indiatimes.com/amp/news/auto-components/motherson-sumi-wiring-india-q1fy23-revenues-and-pat-up-by-50-and-107-respectively/93368600 | false |
Rare sea slug thought to be first for UK waters
- Published
A rare sea slug has been spotted off the coast of the Isles of Scilly, according to the Cornwall Wildlife Trust.
The sighting of the multi-coloured creature is believed to be the first confirmed record in the UK.
It was captured on camera by a Seasearch volunteer during a dive near Melledgan.
According to Cornwall Wildlife Trust, the sea animals have only been recorded a handful of times worldwide.
Matt Slater, marine conservation officer at Cornwall Wildlife Trust and co-ordinator of the Seasearch programme for Cornwall and the Isles of Scilly, said: "What an incredible find!
"We were extremely excited to hear about the sighting of this colourful nudibranch - a species that we believe has never been recorded in the UK before.
"Records like this from our Seasearch divers are vital in helping us understand and better protect our seas."
Lucy McRobert, communications manager at Isles of Scilly Wildlife Trust, said: "We never cease to be amazed at the wildlife turning up in Scillonian waters.
"From rare and beautiful nudibranchs to violet sea snails to great whales like humpbacks and fins, every time we dive beneath the surface we learn and see something new."
- 5 November 2017 | https://www.bbc.co.uk/news/uk-england-cornwall-62424039 | 2022-08-05T10:09:25Z | https://www.bbc.co.uk/news/uk-england-cornwall-62424039 | true |
Authorities in Indonesia arrested three foreigners for distributing cocaine on the Indonesian resort island of Bali at the end of July.
Officers from the National Narcotics Agency seized 844.6 grams (1.9 pounds) of cocaine along with other drugs including MDMA and cannabis from the three suspects, who are identified as British, Brazilian and Mexican.
At a news conference Friday, Gde Sugianyar Dwi Putra, chief of Bali National Narcotics Agency, said the officers arrested the British man, who they suspect is the lowest-level distributor of the three, July 21 at a villa in Badung district after receiving some information about his alleged activities.
The officers then arrested the Brazilian man, who is suspected of concocting drugs, at a separate place. The Mexican man, who has been in Bali since 2012 and is allegedly in the top level of their network, was arrested later.
People are also reading…
“We are still running the investigation. The entry of the cocaine will most likely come from Europe, because this cocaine entry route is specific," Sugianyar said. "It is produced in South America, sent to Europe, and from Europe it is spread to other countries, including through Indonesia.”
The drug network the three men are allegedly involved in is known to target foreigners in some popular tourist areas in southern Bali.
“Bali is the destination for foreign tourists. But we should remember that some of them are also part of the crime — one of them is narcotics,” Sugianyar said.
He added that the suspects would be punished according to Indonesia’s Narcotics Law, with five years' imprisonment at minimum and a death sentence at maximum as both dealers and distributors of various types of drugs.
The United Nations Office on Drugs and Crime says Indonesia is a major smuggling hub in part because international drug syndicates target its young population. Indonesia’s National Narcotics Agency estimates there are 5.6 million drug users in the country of 270 million people.
In May, Indonesian navy officers deployed to secure travel during the Eid al-Fitr holiday made Indonesia’s biggest cocaine seizure after finding plastic packages containing 179 kilograms (nearly 400 pounds) of the drug floating at sea near Merak Port on the main island of Java. No one has been arrested.
Most of the more than 150 people on Indonesia’s death row were convicted of drug crimes. About one-third of them are foreigners. Its last executions were in 2016, when one Indonesian and three foreigners were shot by a firing squad. | https://wcfcourier.com/news/national/indonesia-arrests-3-foreigners-for-drug-distribution-in-bali/article_7cc6758f-f6da-5674-9ee4-2455c913ddf2.html | 2022-08-05T10:10:44Z | https://wcfcourier.com/news/national/indonesia-arrests-3-foreigners-for-drug-distribution-in-bali/article_7cc6758f-f6da-5674-9ee4-2455c913ddf2.html | true |
London stock exchange says Refinitiv costs and savings on track
The London Stock Exchange Group said on Friday that costs and savings targets for integrating data company Refinitiv were on track.
The London Stock Exchange Group said on Friday that costs and savings targets for integrating data company Refinitiv were on track and that it was launching a 750 million pound ($911 million) share buy-back.
Investors are closely monitoring the integration of Refinitiv, which LSEG bought for $27 billion in 2021, after outages and concerns among some of them over the amount of money being spent to mesh two different cultures and systems.
"We are managing costs well and we continue to make progress on achievement of synergies," LSEG Chief Executive David Schwimmer said in the company's half-year results statement.
Shares in LSEG were up 1.9% in early trading.
LSEG's Refinitiv purchase has transformed the 300-year-old London exchange into a group where financial market data and analytics are larger than all its other business lines combined, pitting it against firms such as data leader Bloomberg and S&P Global.
The integration has involved internal personnel changes, including LSEG's head of data, Andrea Remyn Stone, stepping down in June after only a year in the job, with her role temporarily taken over by Schwimmer.
"We are successfully executing on our strategy, have good momentum going into the second half and our targets remain unchanged," Schwimmer said.
INCOME GROWTH
LSEG reported a gross profit of 3.231 billion pounds, slightly above analysts' consensus of 3.229 billion pounds. It reported an adjusted basic earnings per share of 167.4 pence, above analysts' expectations of 149.6.
It said there was strong income growth across all divisions, with pro-forma total income, excluding recoveries, up 6.2% on the same period last year.
"A small beat and we are reassured by the unchanged cost outlook commentary," analysts from Citi said in a note.
Wealth Club said that modernising Refinitiv's legacy tech systems will be a multi-year process.
"However, If LSE can pull off the integration, investors could be richly rewarded," said Charlie Huggins, Head of Equities at the research provider to high net worth investors.
LSEG will pay an interim dividend of 31.7 pence per share, up 27% on the same period last year.
The share-buy back will be launched immediately and be conducted over 12 months, its first since a smaller one in 2017.
Thomson Reuters, which owns Reuters News, has a minority shareholding in LSEG.
($1 = 0.8236 pounds)
Copyright 2022 Thomson Reuters. All rights reserved. | https://www.ibtimes.co.uk/london-stock-exchange-says-refinitiv-costs-savings-track-1703174 | 2022-08-05T10:14:01Z | https://www.ibtimes.co.uk/london-stock-exchange-says-refinitiv-costs-savings-track-1703174 | false |
WPP raises dividend and full-year revenue outlook as advertising giant sees healthy growth in new tie-ups
- WPP revealed that its headline pre-tax profits expanded by £60m to £562m
- Epic Games, Audible and Audi were among the groups to strike deals with WPP
- Despite the results, WPP shares were the top faller on the FTSE 100 this morning
WPP has hiked its annual guidance and dividend payments following continued growth in deals with major corporate clients.
The world's largest advertising agency, founded by marketing guru Sir Martin Sorrell, said it would hand investors a 15p per share interim dividend, an increase of 20 per cent on last year.
It comes after the firm revealed that headline pre-tax profits expanded by £60million to £562million in the first six months of 2022 on the back of solid demand from the healthcare, technology and consumer packaging goods industries.
Returns: WPP, the world's largest advertising agency, said it would hand investors a 15p per share interim dividend, an increase of 20 per cent on last year
Among those to strike deals with WPP were video game developer Epic Games, the makers of Fortnite, which hired the company to produce 'digital experiences' for brands in the metaverse.
Others included Audi, online audiobook store Audible, and food manufacturers Danone and Mars, the latter of which retained its contract with WPP subsidiary MediaCom to be its global media partner.
This helped the company's overall net new business billings surge to $3.4billion, from $2.9billion in the prior year, though it earned far more in the latter half of 2021 when it secured a highly-lucrative contract with Coca-Cola.
Nonetheless, WPP's recent strong performance has led it to upgrade its annual organic revenue outlook from a previous forecast of 5.5 to 6.5 per cent to between 6 and 7 per cent.
It also anticipates boosting its headline operating profit margin, although it took a financial hit from worsening inflationary pressures and severe lockdown restrictions in China.
Chief Executive Mark Read said: 'Our services are business-critical - driving growth, building brands, innovating and helping clients navigate an increasingly complex marketing environment.
'As major advertisers increasingly look to integrate their marketing investments, we are well positioned to serve the world's largest companies, demonstrated by our success with Coca-Cola, which we are now onboarding at pace.'
Despite the optimistic outlook, WPP shares declined 7.2 per cent to 828.6p in early trading on Friday morning, making it the top faller on the FTSE 100 Index.
WPP's results have arrived the day after the Bank of England warned that it expects the UK economy to plunge into recession later this year and the biggest hit to real household incomes since records began.
And just a week ago, the International Monetary Fund reduced its global growth forecasts and enhanced its inflation projections amid the ongoing war in Ukraine, continued coronavirus outbreaks and the economic slowdown in China.
AJ Bell investment director Russ Mould said many investors believe WPP acts as 'a decent barometer for the wider economic climate' as companies tend to spend more on advertising when confidence is strong.
He added: 'WPP’s first-half numbers actually look fairly solid, but investors are so concerned about the economic backdrop, and what it says about WPP’s prospects, they have reacted negatively.
'Clearly there is a belief that WPP’s recent momentum, which helped it lift its annual sales outlook, can’t last in the long-term.'
- Guides for my finances
- The best savings rates
- Best cash Isas
- A better bank account
- A cheaper mortgage
- The best DIY investing platform
- The best credit cards
- A cheaper energy deal
- Better broadband and TV deals
- Cheaper car insurance
- Stock market data
- Power Portfolio investment tracker
- This is Money's newsletter
- This is Money's podcast
- Investing Show videos
- Help from This is Money
- Financial calculators | https://www.dailymail.co.uk/money/markets/article-11083655/WPP-raises-dividend-year-revenue-outlook.html?ns_mchannel=rss&ns_campaign=1490&ito=1490 | 2022-08-05T10:19:21Z | https://www.dailymail.co.uk/money/markets/article-11083655/WPP-raises-dividend-year-revenue-outlook.html?ns_mchannel=rss&ns_campaign=1490&ito=1490 | false |
SMALL CAP MOVERS: IGas Energy shares surge after hedge fund giant Crispin Odey backs fracking group
Brexit supporting hedge fund manager Crispin Odey has built a career and a personal fortune estimated in excess of £800million through his ability to spot a market opportunity.
So, what exactly has he seen that the others have missed in AIM-listed IGAS Energy?
The shares spiked 36 per cent this week as it was revealed that the old Harrovian’s Odey Asset Management had taken a stake of 3.17 per cent in the natural resources minnow – not directly but via unnamed financial instruments.
Now, the bulletin boards lit up with all sorts of wild speculation as to just why Odey had taken its position.
Extraction: IGAS Energy, which is backed by Crispin Odey's investment firm, owns shale-based assets of the sort that usually require fracking to liberate hydrocarbons
IGas – as the name suggests – is a gas specialist. Moreover, its focus is onshore exploration and development here in the UK.
Specifically, it owns shale-based assets of the sort that usually require fracking to liberate hydrocarbons.
Of course, there is a moratorium on the controversial technique, which is alleged to have sparked a mini earthquake near Blackpool three years ago.
However, the British Geological Society was asked to compile a ‘drill-or-drop’ report on the UK’s vast shale resources. The BGS handed in its homework early last month.
With the focus on energy security, and a looming deadline on the use of coal in power generation, the new Conservative government may look more favourably on shale and fracking. At least that’s feverish talk in the chatrooms.
With the right support, IGas could deliver five well pads each with up to 16 wells in 18 months, it said in a presentation in April. That would be enough to supply three million homes with cheap domestic gas.
Okay, there’s a lot of speculation here, so nobody should be betting the farm here. However, it will be interesting to see how Odey’s IGas wager plays out.
Turning to the wider market, it was a quiet week for the UK’s small-caps, with the AIM All Share just about keeping its head above water with a five point advance to 925.24. It marginally outperformed London’s blue-chip index, with FTSE 100 off 11 points over that period.
Sticking with the risers, Kromek, which makes radiation protection equipment, advanced 32 per cent after a decent set of results, which boasted a strong order book. It also settled funding nerves on Friday by raising £1.7million that will provide working capital requirements to deliver the new contracts.
The Investors Chronicle, a tip sheet that holds a lot of sway with private investors, reckons the County Durham-based technology company is ‘materially undervalued’.
In the oil sector, Canadian Overseas Petroleum, known as COPL to its legion of followers, appears to have a tiger by the tail. An independent report issued on Friday confirmed its Wyoming asset is host to an estimate 900million barrels of oil.
The stock rose 3% on the day and has advanced around 15 per cent in the last month.
Onto the fallers. The week’s biggest casualty was Revolution Beauty Group, the make-up retailer that lost 65 per cent of its value over the latest five trading days after it warned that revenues and underlying profitability would be lower than forecast.
With Russia’s oligarchs beating a retreat and the super-rich seemingly keeping a low profile this summer, it is hardly surprising that GYG, which maintains super yachts, is sailing off to calmer waters.
This week it said it was navigating its way out of the choppy seas of the public markets to become a private company. The shares fell 32 per cent on the news.
Finally, it was another wretched week for In the Style, the womenswear retailer that sounded the earnings alarm last month.
In the aftermath, the shares have tumbled 60 per cent and were down 30 per cent this week as investor confidence continued to ebb away.
In the results statement of July 18, it said as of June 30 it was sitting on cash of £10.5million having entered a new invoice discounting facility.
This, one would assume, alleviates short-term worries over the business’ prospects. Against this backdrop then it’s hard to discern what the sellers have spotted that others haven’t yet noticed.
- Guides for my finances
- The best savings rates
- Best cash Isas
- A better bank account
- A cheaper mortgage
- The best DIY investing platform
- The best credit cards
- A cheaper energy deal
- Better broadband and TV deals
- Cheaper car insurance
- Stock market data
- Power Portfolio investment tracker
- This is Money's newsletter
- This is Money's podcast
- Investing Show videos
- Help from This is Money
- Financial calculators | https://www.dailymail.co.uk/money/markets/article-11084153/SMALL-CAP-MOVERS-IGas-Energy.html?ns_mchannel=rss&ns_campaign=1490&ito=1490 | 2022-08-05T10:19:28Z | https://www.dailymail.co.uk/money/markets/article-11084153/SMALL-CAP-MOVERS-IGas-Energy.html?ns_mchannel=rss&ns_campaign=1490&ito=1490 | false |
Photo : iStock
New Delhi: With cases of
Monkeypox on the rise all over the world and around 9 in
India already, panic is on the rise once again. The Indian central government has come out with new guidelines, and the
United States of America has already declared a public health emergency.
Amidst the rising tensions, there are many aspects that people are still unaware of. One of the biggest questions that come to the minds of people is whether they should be worried. Well, should you? Is Monkeypox the next big threat after
Covid?
Well, we try to answer all your questions.
According to the
World Health Organization, The Monkeypox virus is transferred from animals to humans. The first case of illness that was detected in humans was in the
Democratic Republic of Congo in 1970. The disease is self-limited, meaning the symptoms last usually 2 to 4 weeks in most cases. So far, the fatality is also around 3% to 6% globally.
What are the symptoms though?
Well, the WHO says the viral can be divided into 2 phases- the "Invasion Period" and the "Skin Eruption Phase."
The invasion period lasts for around 0-5 days and results in swelling of lymph nodes, fever, head, back and muscle aches and weakness and fatigue.
1-3 days after the fever, the skin eruption phase begins. During this, rashes start appearing on the face and extremities. Rashes then develop in the oral mucous membrane and genitalia. In fact, in severe cases, rashes can cause skin to peel off.
We caught up with Dr Ishwar Gilada, the Secretary-General, Organized Medicine Academic Guild-OMAG. He believes not everyone needs to be concerned about the virus. He says, "Monkeypox is primarily seen in sexually active people between the ages 20 to 45."
But myths and uncertainties remain. Just until a few months back, there were fears that the virus threatens homosexuals more. In fact, the WHO has said, "This is an outbreak that is concentrated among men who have sex with men, especially those with multiple sexual partners."
Clarifying the statement, after panic and backlash, the global health body said, "The risk of monkeypox is not limited to men who have sex with men. Anyone who has close contact with someone who is infectious is at risk."
Is Monkeypox the next Covid though?
Well, Dr Gilada says no. He says, "We have enough learnt lessons from covid, but we have learnt the wrong lessons because the pandemic is still going on and we are equating every new disease with Covid." | https://www.timesnownews.com/business-economy/economy/monkeypox-all-you-need-to-know-article-93369180 | 2022-08-05T10:19:57Z | https://www.timesnownews.com/business-economy/economy/monkeypox-all-you-need-to-know-article-93369180 | true |
Chicken the cat scoops national award for helping autistic boy
- Published
A cat named Chicken, who is an anxiety-battling companion to an 11-year-old autistic boy, has scooped a national award.
The 10-year-old moggy brings comfort and support to Elliot Abery from Thatcham in Berkshire.
Chicken came top in the "Furr-ever Friends" category after being picked by a panel of judges, which included England Lioness Ellen White.
The accolade celebrates "tales of friendship" between cats and children.
The annual National Cat Awards, held on Thursday, were organised by welfare charity Cats Protection and honour the feline friends that have gone above and beyond as pets.
Elliot's family say the feline brings calm and helps him cope when facing stressful times.
Mother Jenny Abery said: "I really hope their story will help highlight how incredible cats can be for people with autism.
"Chicken and Elliot are just brilliant together and share a special bond which is unlike anything I've ever seen."
The other two contenders in the category, chosen from hundreds of other entries, were Max of Harrogate, Yorkshire, and Teddy of Braunston, near Daventry, Northamptonshire.
Follow BBC South on Facebook, Twitter, or Instagram. Send your story ideas to south.newsonline@bbc.co.uk. | https://www.bbc.com/news/uk-england-berkshire-62432820 | 2022-08-05T10:25:20Z | https://www.bbc.com/news/uk-england-berkshire-62432820 | true |
Enraged China cuts dialogue with US on military and climate change issues and SANCTIONS Nancy Pelosi in retaliation for her 'vicious' and 'provocative' Taiwan visit
- China has halted dialogue with the US on climate change, military issues and anti-drug work in retaliation for Nancy Pelosi's Taiwan visit
- China sanctioned U.S. House of Representatives Speaker Nancy Pelosi and her immediate family in response to her 'vicious' and 'provocative' actions
- Taiwan says multiple Chinese warships and jets crossed unofficial border today
- Taipei condemned its 'evil neighbour' China for war games surrounding island
- Comes after Beijing fired ballistic missiles over island for the first time Thursday
- US Secretary of State Antony Blinken condemned those missiles - some of which landed in Japanese waters - as a 'serious escalation'
An enraged China has halted dialogue with the US on climate change, military issues and anti-drug work in retaliation for Nancy Pelosi's Taiwan visit.
Earlier Beijing decided to sanction U.S. House of Representatives Speaker Pelosi and her immediate family in response to her 'vicious' and 'provocative' actions.
'Despite China's serious concerns and firm opposition, Pelosi insisted on visiting Taiwan, seriously interfering in China's internal affairs, undermining China's sovereignty and territorial integrity, trampling on the one-China policy, and threatening the peace and stability of the Taiwan Strait,' a foreign ministry spokesperson said in a statement.
It comes as it emerged that the White House summoned Chinese ambassador Qin Gang on Thursday to condemn escalating actions against Taiwan and reiterate that the United States does not want a crisis in the region.
'After China's actions overnight, we summoned Ambassador Qin Gang to the White House to démarche him about (China's) provocative actions,' White House spokesman John Kirby told the Washington Post.
This morning, Taiwan condemned its 'evil neighbour' China as huge military drills once-again encircled the self-governing island - drawing harsh criticism from its allies.
Taipei said multiple Chinese warships and fighters today crossed the 'median line' that runs down the centre of the Taiwan Strait, separating it from the mainland.
The line is an unofficial but previously widely-recognised border that Beijing insists 'no longer exists', as it tries to exert control over its much smaller neighbour.
It comes after a day in which China fired barrages of missiles at Taiwan - some of which flew over the island for the first time - as it holds massive war games that state media says are a rehearsal for an invasion.
Antony Blinken, US secretary of state, criticised those missile launches - some of which landed in Japanese waters - calling them a 'significant escalation'.
China has decided to sanction U.S. House of Representatives Speaker Nancy Pelosi and her immediate family in response to her 'vicious' and 'provocative' actions, the Chinese foreign ministry said on Friday
A Chinese fighter jet armed with missiles flies out over the Taiwan Strait early Friday, as Beijing continues to host huge war games around the island
Taipei said multiple Chinese jets and warships (pictured) had today crossed the 'median line' - the unofficial maritime border between the two
A Chinese fighter jet - believed to be a J-11 - flies over the Taiwan Strait amid huge war games that are due to continue until Sunday
Beijing began the military drills late Tuesday as Nancy Pelosi, US House Speaker, visited the island and says they will continue until midday Sunday.
Taipei reported that Chinese fighter jets and ships crossed the 'median line' that runs down the Taiwan Strait on Friday morning.
'As of 11am, multiple batches of Chinese warplanes and warships conducted exercises around the Taiwan Strait and crossed the median line of the strait,' Taipei's defence ministry said in a statement.
Chinese incursions have become more common since Beijing declared in 2020 that the unofficial border no longer existed.
AFP journalists on the picturesque Chinese island of Pingtan saw a fighter jet flying overhead, prompting tourists to snap photos as it flew along the coast.
A Chinese military vessel was also visible sailing through the Taiwan Strait, they added.
Beijing has insisted its war games are a 'necessary' response to a visit to the self-ruled, democratic island by Ms Pelosi, but Washington countered that China's leaders had 'chosen to overreact'.
They point out that a similar visit by male senators just weeks before had passed off without a response.
French-made Mirage 2000 fighter jets taxi for take-off at a Taiwanese military base in Hsinchu, near the capital of Taipei, early Friday
Taiwan has condemned what it called its 'evil neighbour' China over the drills, which are due to last until Sunday (pictured, a French-made Taiwanese jet taxis for take-off)
Pelosi defended her visit Friday, saying Washington would 'not allow' China to isolate Taiwan.
'We have said from the start that our representation here is not about changing the status quo here in Asia, changing the status quo in Taiwan,' she told reporters in Tokyo on the final leg of an Asia tour.
Taiwan's premier Su Tseng-chang, meanwhile, called for allies to push for de-escalation.
'(We) didn't expect that the evil neighbour next door would show off its power at our door and arbitrarily jeopardise the busiest waterways in the world with its military exercises,' he told reporters.
China's drills involved a 'conventional missile firepower assault' in waters to the east of Taiwan, the Chinese military said.
The state-run Xinhua news agency said the Chinese military 'flew more than 100 warplanes including fighters and bombers' during the exercises, as well as 'over 10 destroyers and frigates'.
State broadcaster CCTV reported that Chinese missiles had flown directly over Taiwan.
Tokyo said five Chinese ballistic missiles were believed to have fallen in Japan's exclusive economic zone (EEZ), with four of those presumed to have flown over Taiwan's main island.
The EEZ extends up to 200 nautical miles from Japan's coastline, beyond the limits of its territorial waters.
Prime Minister Fumio Kishida condemned the missile launches as a 'serious problem that impacts our national security and the safety of our citizens'.
China on Thursday launched at least 11 ballistic missiles, some of which are thought to have flown over the island for the first time before landing in Japanese waters
Parts of Japan's southernmost Okinawa region are close to Taiwan, as are islets at the centre of a long-running dispute between Tokyo and Beijing.
In May, US President Joe Biden also angered Beijing on a visit to Japan, when he said US forces would defend Taiwan militarily if China attempted to take control of the island by force.
But Biden and his team insisted at the time that their decades-old approach to Taiwan remained in place.
This means support for its government while diplomatically recognising Beijing over Taipei, and opposing a formal independence declaration by Taiwan or a forceful takeover by China.
On Friday, Pelosi said the United States wanted to find 'common ground' with China on issues from rights to climate change.
'Again, it isn't about our visit determining what the US-China relationship is. It's a much bigger and longer-term challenge, and one that we have to recognize that we have to work together in certain areas,' she said.
Tetsuo Kotani, a professor at Meikai University and senior fellow at the Japan Institute of International Affairs, said the Chinese drills could give the Japanese public a 'more realistic' view of Tokyo's defence capacity compared to Beijing, which has steadily expanded its military might.
'The latest military exercise has shown that what's happening in Ukraine can happen in Asia,' he told AFP.
Taipei's military said it would not confirm missile flight paths, in a bid to protect its intelligence capabilities and not allow China 'to intimidate us'.
China's ruling Communist Party views Taiwan as part of its territory and has vowed to one day take it, by force if necessary.
But the scale and intensity of the drills have triggered outrage in the United States and other democracies.
'China has chosen to overreact and use the speaker's visit as a pretext to increase provocative military activity in and around the Taiwan Strait,' John Kirby, a White House spokesman, told reporters.
Chinese rocket artillery opens fire during training drills on Thursday, which saw more than a dozen rockets fired out over the Taiwan Strait
A view from the cockpit of a Chinese fighter jet shows the aircraft refueling in mid-air as a show of strength to Taiwan and its allies
A Chinese ballistic missile is launched from somewhere in the Ganzhou region towards Taiwan in what the US called a 'major escalation'
'The temperature's pretty high', but tensions 'can come down very easily by just having the Chinese stop these very aggressive military drills', he added.
Japan lodged a formal diplomatic complaint against Beijing, with five of China's missiles believed to have landed in its exclusive economic zone.
Prime Minister Fumio Kishida called China's exercises a 'serious problem that impacts our national security and the safety of our citizens' and called for an 'immediate cancellation of the military drills'.
But Chinese Foreign Minister Wang Yi said the 'flagrant provocation' by the United States had set an 'egregious precedent'.
The manoeuvres are taking place along some of the busiest shipping routes on the planet, used to supply vital semiconductors and electronic equipment produced in East Asian factory hubs to global markets.
Taiwan's Maritime and Port Bureau has warned ships to avoid the areas being used for the Chinese drills.
'The shutting down of these transport routes - even temporarily - has consequences not only for Taiwan, but also trade flows tied to Japan and South Korea,' Nick Marro, the Economist Intelligence Unit's lead analyst for global trade, wrote in a note.
Taiwan said the drills would disrupt 18 international routes passing through its flight information region while several international airlines told AFP they would divert flights.
But markets in Taipei appeared to shrug off the tensions, with the Taiwan Taiex Shipping and Transportation Index, which tracks major shipping and airline stocks, up 2.3 percent early Friday.
And analysts broadly agree that despite all its aggressive posturing, Beijing does not want an active military conflict against the United States and its allies over Taiwan - just yet.
'The last thing Xi wants is an accidental war ignited,' Titus Chen, an associate professor of political science at the National Sun Yat-Sen University in Taiwan, told AFP. | https://www.dailymail.co.uk/news/article-11083987/China-SANCTIONS-Nancy-Pelosi-family-vicious-provocative-visit-Taiwan.html?ns_mchannel=rss&ito=1490&ns_campaign=1490 | 2022-08-05T10:28:03Z | https://www.dailymail.co.uk/news/article-11083987/China-SANCTIONS-Nancy-Pelosi-family-vicious-provocative-visit-Taiwan.html?ns_mchannel=rss&ito=1490&ns_campaign=1490 | true |
BERLIN (AP) — Lufthansa and a union representing its ground staff in Germany reached a deal Thursday to end a pay dispute, a week after a one-day strike that forced the airline to cancel more than 1,000 flights.
The deal between Lufthansa and the ver.di service workers’ union, covering some 20,000 staff in various ground operations, entails one-time payments of 200 euros ($203) each backdated to July 1.
It also foresees an increase in monthly basic salaries of 2.5% — or at least 125 euros per employee — effective Jan. 1 and another 2.5% from July 1 next year. The deal is valid for 18 months.
Lufthansa personnel chief Michael Niggemann said in a statement that “in view of the still-high burdens from the pandemic and the uncertain economy, we stretched the salary increase over several steps and ensured longer-term security of planning with an 18-month duration.”
Ver.di chief negotiator Christine Behle said that the outcome would even mean an effective raise of up to 18.4% for employees at check-in, arguing that result compensates for high inflation and also means an increase in real wages.
The union had initially sought a 9.5% pay increase this year. The strike it staged on Wednesday last week added to recent travel turmoil in Europe. Lufthansa says that walkout cost it around 35 million euros.
Lufthansa still has to resolve a separate pay dispute with a union representing pilots. That union said Sunday that pilots had voted in favor of possible strike action, but that walkouts could still be avoided. | https://www.wfla.com/business/ap-business/germanys-lufthansa-union-reach-pay-deal-for-ground-staff/ | 2022-08-05T10:29:41Z | https://www.wfla.com/business/ap-business/germanys-lufthansa-union-reach-pay-deal-for-ground-staff/ | true |
DETROIT (AP) — Tesla shareholders on Thursday approved a three-for-one stock split, a move that will make the company’s shares more accessible to smaller investors.
Preliminary results of the shareholder vote were announced at the electric car and solar panel maker’s annual meeting at its new factory in Austin, Texas.
CEO Elon Musk also discussed at the meeting a major factory expansion in the future as the company moves toward a goal of making 20 million vehicles per year. It now produces around 1.5 million per year.
Musk said Tesla might announce another factory site this year, and it expects to have about a dozen in the future. Currently the company has assembly plants in Fremont, California; Austin; Berlin and Shanghai. Musk joked that many had suggested Canada as a site for the next new plant.
The company made its 3 millionth vehicle in the past few weeks, Musk said.
Tesla stock closed Thursday at $925.90, down 12.4% so far this year, but it almost completed a split itself, tumbling more than 40% by May after Musk made a $44 billion bid to buy Twitter in April.
Investors were worried that Musk would be distracted from Tesla if he purchased the social media platform.
But Musk backed out of the deal in July and Twitter sued him to force him to make the purchase. A trial is scheduled for October in Delaware Chancery Court. Tesla stock began to recover in July, boosted by better-than-expected second-quarter earnings.
Tesla announced plans for the split in late March when shares were trading over $1,000. It will not affect Tesla’s overall market value or its status as the world’s most valuable automaker.
Share splits are used by companies when their stock price gets too high for retail investors to buy individual shares, or when a company wants more shares to exist in the marketplace to make the stock more liquid to trade.
Tesla has said it was trying to accomplish both of these goals: giving its employees greater quantities of shares as well as making the stock more accessible to retail investors.
Musk sold some shares of Tesla for the Twitter purchase and had planned on using other shares as collateral.
Shareholders also re-elected Ira Ehrenpreis and Kathleen Wilson-Thompson to the Tesla board. | https://www.wfla.com/business/ap-business/tesla-investors-approve-stock-split-musk-to-add-factories/ | 2022-08-05T10:29:56Z | https://www.wfla.com/business/ap-business/tesla-investors-approve-stock-split-musk-to-add-factories/ | false |
NEW YORK (AP) — Melissa Bank, whose 1999 bestseller “The Girls’ Guide to Hunting and Fishing” was a series of interconnected stories widely praised for its wit and precise language and embraced by young readers, has died at age 61.
Viking Books announced that Bank died Tuesday in East Hampton, New York. She had lung cancer.
Bank was a Philadelphia native with a master’s degree from Cornell University whose influences ranged from Vladimir Nabokov to Grace Paley. She needed 12 years to finish “The Girls’ Guide,” in part because of a bicycle accident that damaged her short-term memory and ability to think of words. But her book, which follows a young woman’s life from adolescence to adulthood, was a critical and commercial success.
“Bank draws exquisite portraits of loneliness, and can do it in a sentence,” Newsweek’s Yahlin Chang wrote.
Two stories from “The Girls’ Guide” were adapted into the 2007 romantic comedy “Suburban Girl,” starring Alec Baldwin and Sarah Michelle Gellar.
Bank also wrote the comic story collection “The Wonder Spot,” in which she traced a woman’s efforts to find her place in the world, and her writings appeared in Ploughshares and Zoetrope among other publications. She also taught in the MFA program at Stony Brook Southampton. | https://www.wfla.com/entertainment-news/ap-entertainment/melissa-bank-witty-bestselling-author-dies-at-61/ | 2022-08-05T10:31:37Z | https://www.wfla.com/entertainment-news/ap-entertainment/melissa-bank-witty-bestselling-author-dies-at-61/ | true |
Do not disturb Hazel Keech, as she is busy getting her “Aa Ante body” back. We are not making such claims. The announcement was made by the new mommy Hazel on Instagram. She has shared a video from a gym session. Instead of “bounce back post-baby”, Hazel has preferred to term her post-pregnancy fitness regime as “burn it back baby.” The text on the clip read, “Bounce back post-baby? Naah…Burn it back baby. Getting back to my Aa Ante Body.” FYI: Hazel has referred to her song Aa Ante Amalapuram, from the film Maximum, released in 2012. Hazel wowed us all with her jaw-dropping moves and expressions. Coming to the social media update now. Here, Hazel is performing a weight ball exercise. And, one of the first persons to drop a comment was Hazel's husband, former India cricketer, Yuvraj Singh. “Yo Hazey…Go Hazey,” he wrote.
Earlier this year, Hazel Keech and Yuvraj Singh became parents to a baby boy. Now, take a look at Hazel's workout video:
Yuvraj Singh and Hazel Keech announced the arrival of their baby boy in January, this year. Sharing the happy news with fans via an Instagram post, the couple wrote, “To all our fans, family and friends, We are elated to share that today god blessed us with a baby boy. We thank god for this blessing and wish you to respect our privacy as we welcome the little one into the world. Love, Hazel and Yuvraj.”
On the occasion of Father's Day, this year, Hazel Keech and Yuvraj Singh introduced us to their little “puttar [son].” Sharing two adorable snaps with his wife and baby boy, Yuvraj wrote, “Welcome to the world, Orion Keech Singh. Mummy and daddy love their little ‘puttar'. Your eyes twinkle with every smile just as your name is written amongst the stars. Happy Fathers Day.”
As Hazel Keech's “little ray of sunshine” turned 6 months, the actress wrote a heartwarming note. Alongside a cute picture of the baby boy, Hazel said, “And, just like that my little ray of sunshine turns 6 months. It's a pleasure to watch you explore and learn new skills every day. Thank you for making me your mummy, it's a role I treasure. Happy 6 Months Orion.”
Yuvraj Singh and Hazel Keech tied the knot on November 30, 2016. | https://www.ndtv.com/entertainment/do-not-disturb-hazel-keech-she-is-busy-doing-3227140 | 2022-08-05T10:31:45Z | https://www.ndtv.com/entertainment/do-not-disturb-hazel-keech-she-is-busy-doing-3227140 | false |
Louis Walsh has never been one to hide his true feelings.
The X Factor judge has had beefs with just about everyone in celeb-land at one point or another, thanks to his acid-tongued putdowns.
The Irish music manager has took on the likes of Boyzone, One Direction, his former boss Simon Cowell and the members of Girls Aloud in the past.
When he's not dishing the dirt, showbiz veteran Louis has been the driving force behind some of the biggest music acts on the planet, including Westlife, Boyzone, Girls Aloud, and Ireland's answer to the Cheeky Girls - Jedward.
He became a household name after making the crossover from manager to TV talent show judge on the likes of X Factor and Pop Stars: The Rivals.
While co-star Simon Cowell took on the 'Mr Nasty' persona on screen, Louis was always happy to give his very honest critiques in a series of tell-all interviews - even targeting his former colleagues along the way.
As the music manager celebrates his 70th birthday today, we take a look at some of his most controversial moments to date, from calling Girls Aloud members 'fat' to his explosive feud with 'talentless' Cheryl.
Louis vs Cheryl
Although Louis and Cheryl spent several years sitting alongside one another on the X Factor judging panel, their friendship and working relationship has endured severe choppy waters.
Louis has made his fair share of sly digs at Cheryl, who he had a long-standing feud which started during his time managing the band between 2002 and 2004 and continued even when she became a judge on X Factor alongside Louis in 2008.
The Irish TV star had previously claimed that he had put to bed the issues he had with Cheryl, but in a recent interview, Louis appeared to reignite his feud with the Geordie superstar by claiming that he never wanted to manage her in the first place.
Discussing his time on Popstars, Louis admitted that he had envisioned he would get the boy band in the show but was given the girls - to his utter dismay.
Speaking to The Sun, Louis said: "I thought I was going to get a boy band - I was convinced. And they gave me the girls. I didn’t want them.
"Girls don’t like each other in bands — it’s very simple. They all want to be the lead girl."
Louis went on to hurl another sly dig in Cheryl direction as he complained: "They all want to go out with the footballer. They all want to be the skinniest.
"Just look at the Sugababes, any line-up they had, and they were brilliant.
"So I had these five girls in Girls Aloud and we thankfully found this great song, Sound Of The Underground."
Back in 2019, Louis also ruffled feathers when he mocked Cheryl's singing talents.
Louis poked fun at the Fight For This Love hitmaker's vocal talents and suggested she 'lip-syncs for her life' as he discussed Cheryl's possible return to The X Factor before it was axed for good.
Speaking to Daily Star, he mocked: "X Factor as a contestant? As a contestant she would be good. I don't know if she could win.
"She doesn’t mime. It’s called lip-syncing - lip-sync for your life."
In one of their most famous fights while the pair worked alongside one another on The X Factor, Louis teased the former Girls Aloud singer for being 'orange' - to which she responded he was 'looking for attention'.
Girls Aloud 'fat' jibe
Louis waged war on Cheryl back in the early 2000's when he labelled all the members of Girls Aloud as 'fat'.
Lifting the lid on Louis' harsh jibe, Girls Aloud singer Kimberley Walsh explained that the music manager walked on to the set of their music video and applauded them all for 'not being fat' anymore' in 2004.
In a 2017 interview, Kimberly revealed: "We were doing our video for Love Machine in 2004 and Louis Walsh waltzed in and said to us, "Oh, none of you are fat any more. Brilliant, that’s great".
"Obviously in Louis’ head he did have an issue with some of our sizes but I think he learnt from Nigel and thought best not to comment in public - but he did in private.
“That was the first time I thought, ‘OK maybe my weight is an issue’.”
Louis responded to the singers comments about calling them fat by insisting that he 'would do it again' if he had to.
“With Girls Aloud, at the start I told them they had to lose a bit of weight. I know I said it in so many words. But they did and they look amazing.
“I did it because they were competing with the Spice Girls. If it were now, I would still say it. I would tell them in a nice way. You have to be honest," Louis insisted.
Boyzlife learn to 'laugh off' Louis' savage digs
Louis Walsh is undoubtably responsible for the incredible success of both Boyzone and Westlife with the two Irish boybands breaking records all over the globe with belters that are still considered as chart-toppers these days.
While Boyzone's music and Westlife's music is still cemented in the industry to this day, the same can't be said for Louis' relationships with some of the members of the Irish boybands.
The music manager hasn't been shy about airing his grievances when it comes to Boyzlife - Keith Duffy and Brian McFadden's music venture.
The pair teamed up together to merge their musical talents after Boyzone split and after Brian made the shock decision to leave Westlife in 2004.
After going their separate ways and embarking on different musical and acting ventures, Keith and Brian formed Boyzlife in 2016 and released their first album, Strings Attached - much to the dismay of their former manager, Louis.
The music mogul has blurted out some savage comments about the boyband in the past, insisting that he doesn’t want to see Keith and Brian ‘murdering all those great classics’.
Louis also insisted that he wouldn't attend a Boyzlife concert 'even if he was paid'.
In response to his scathing comments, Keith Duffy recently joked that he doesn't take what Louis says to heart, because he was 'dropped on his head as a baby'.
"You take everything Louis says with a pinch of salt, I think he was dropped on his head as a baby a few times so I wouldn’t take what Louis says too seriously because he doesn’t either," Keith joked.
Elsewhere, Brian suggested that his former manager is simply 'looking for attention' when he makes sly digs at their band.
"He says things that are derogatory so that people will pick them up and so that he has his say and his moment.
"But the reality is, we have stood the test of time now, we’ve been going over six years, it’s our second album - our first self-penned album and the work speaks for itself.
"We don’t even have to defend ourselves now, we just enjoy what we do and we love every minute of it and our fans keep coming and we keep selling out."
Jedward feud
Despite the fact that Louis took a chance on Dublin twins John and Edward Grimes on the 2009 series of The X Factor, the unforgettable duo have bad blood with the music manager after he dropped them during the height of their fame.
Jedward sailed through to the live finals of the X Factor in 2009, however, they left the competition in sixth place, with Joe McElderry going on to win the series that year.
Following their X Factor stint, the boys enjoyed a relatively successful music career, teaming up with the likes of Vanilla Ice on their debut single.
However, it wasn't long until Louis grew tired of managing the twins, and the manger soon parted ways with the X Factor duo.
Years later, Jedward 'outed' Louis as vile after he labelled them 'talentless' following their X Factor success.
In a scathing Twitter thread, John and Edward defiantly clapped back at the music mogul, branding him 'toxic' and a 'two-faced b***'.
"Louis Walsh at this point only wants acts to manage to make it look like he’s doing something," they tweeted.
"He’s a cold-hearted two-faced bitch who uses his powers for his own benefit."
Jedward also shared a screenshot of an alleged interview with Louis and addressed the incident where Louis reportedly told members of Girls Aloud to loose weight with a 'fat' jibe.
"Louis Walsh wants to make another girlband like Girls Aloud who he told had to lose weight! Don’t get involved with Toxic Management," John and Edward fumed. | https://www.irishmirror.ie/showbiz/celebrity-news/louis-walshs-most-savage-digs-27660390 | 2022-08-05T10:32:58Z | https://www.irishmirror.ie/showbiz/celebrity-news/louis-walshs-most-savage-digs-27660390 | true |
6.5 kg of gold seized at Chennai airport
Chennai Air Customs seized 6.5 kg gold and electronic goods worth Rs. 3.09 crores at Chennai airport in different incidents.
Two passengers identified as Mohammed Ibrahim and Sathik Ali who came from Dubai on August 3 and August 4 respectively were held by the officials on suspicion. They had concealed gold in the form of paste and two gold chains in their pant pockets, according to a press release. The officials recovered 2.9 kg of gold worth Rs. 1.38 crore, electronic goods and cigarettes worth Rs. 8.75 lakhs.
In another incident, six packets of gold paste was found hidden in the men’s washroom in the arrival hall of the international terminal. Officials recovered 3.52 kg of gold worth Rs. 1.63 crore. Further investigations are on.
Related Topics
- Comments will be moderated by The Hindu editorial team.
- Comments that are abusive, personal, incendiary or irrelevant cannot be published.
- Please write complete sentences. Do not type comments in all capital letters, or in all lower case letters, or using abbreviated text. (example: u cannot substitute for you, d is not 'the', n is not 'and').
- We may remove hyperlinks within comments.
- Please use a genuine email ID and provide your name, to avoid rejection. | https://www.thehindu.com/news/cities/chennai/65-kg-of-gold-seized-at-chennai-airport/article65730901.ece | 2022-08-05T10:44:54Z | https://www.thehindu.com/news/cities/chennai/65-kg-of-gold-seized-at-chennai-airport/article65730901.ece | false |
By STEVE REED
The mushroom-like contraptions NFL players are wearing on their helmets during training camp may look strange, but they’re a part of an ongoing safety experiment the league hopes will lead to a reduction in head injuries.
They’re called Guardian Caps, and they’re now mandatory for all 32 NFL teams through the second preseason game — the time when the league says head injuries are most prevalent.
“There’s a density of exposure, and a density of injury, at the beginning of training camp and the competition committee has been looking for ways to change that,” said Jeff Miller, executive vice president for NFL player health and safety.
The league said laboratory research indicates the 12-ounce Guardian Caps result in at least a 10% reduction in severity of impact to a player’s brain. It says that number climbs to at least 20% if both players involved in a collision are wearing them.
Miller said mitigating those forces “will have a cumulative effect for the betterment of health and safety of the player.”
Not everyone, however, is convinced Guardian Caps are the answer.
Chris Nowinski, co-founder and CEO of the Concussion Legacy Foundation, is “more than a little skeptical” that the extra padding helps prevent head injuries — and wonders if it could be doing more harm than good.
“Adding weight to a helmet can make things worse for the brain when it comes to rotational impacts,” said Nowinski, who previously served as a co-director of the Boston University Center for the Study of Traumatic Encephalopathy.
“Adding size to the helmet does the same thing. It’s very difficult to recreate this in a lab. We aren’t sure if this will be a net positive or a net negative.”
New York Jets coach Robert Saleh also has concerns.
He questioned whether players are using their heads more now because the Guardian Caps soften the blow — something he believes could be an issue once the caps come off and actual games begin.
“Anyone who’s played football before knows that the first time you take those (caps) off or you hit with your helmet, or you have a collision, there’s a shock,” Saleh said. “If you’re waiting until the first game for that shock to happen, I think it’s … I don’t know. Time will tell.
“It’s just interesting with those Guardian Caps, and what exactly are we trying to accomplish?”
Buffalo Bills defensive tackle Ed Oliver isn’t seeing the benefits of the caps either and Philadelphia Eagles center Jason Kelce even openly mocked them.
Oliver said the padded shells “aggravate” him, making him feel like “a bobblehead” on the field.
“It’s just heavy,” Oliver said. “I like the way my helmet feels without it. I have been playing without it for this long, I just don’t like it.”
Kelce showed up to an Eagles practice with extra bubble wrap on his helmet.
“They say the Guardian Caps add 20 percent protection,” Kelce quipped. “I figure the bubble wrap gave me another 2 or 3″ percent.
Despite the skepticism, Miller said the feedback from most players has been positive — even if they feel the Guardian Caps look a little funny.
“I wouldn’t say they’re aesthetically pleasing, and I think we look a little goofy,” said Eagles tight end Dallas Goedert. “But they’re there for good reason. They did studies with them. Anything to keep us safer, why not do it?
“Obviously you only get one brain. May as well keep it as best you can.”
Added Tennessee Titans tackle Taylor Lewan: “Honestly, at first I was like, ‘What a stupid looking thing. This is the dumbest looking thing I’ve ever seen.’ But honestly, I’m not gonna lie, it’s kind of nice.”
Safety concerns about head injuries in the NFL has been on the rise for years.
Chronic Traumatic Encephalopathy, or CTE, has been found in the brains of more than 300 former players, according to the Concussion Legacy Foundation. Junior Seau, Andre Waters and Jovan Belcher are just some of the players who have died by suicide and later were determined to have the degenerative brain disease associated with repeated blows to the head.
The league announced in February there were 187 concussions during practice and games in 2021.
That’s one reason the NFL’s competition committee, given the data presented to them by lab researchers, mandated that offensive and defensive linemen, linebackers and tight ends — players who see the most head impacts during practice — wear the Guardian Caps this summer after five teams and about 100 players experimented with them last year at training camp.
The introduction convinced guard Austin Corbett.
He voluntarily wore his Guardian Cap in practice throughout the regular season and playoffs during the Los Angeles Rams’ Super Bowl run last year.
Pittsburgh Steelers coach Mike Tomlin, who is a member of the competition committee, told his players in a video released by the NFL that he is “morally obligated” to keep them safe and believes they’re useful.
And Indianapolis Colts coach Frank Reich agrees, saying the recommendation of the Guardian Caps was an “easy move.”
Defining the future of Guardian Caps is not so easy.
Miller said the next steps will largely depend on feedback they receive from players, as well as whether the data gathered from the use of the Guardian Caps shows a reduction in head injuries.
Washington Commanders coach Ron Rivera is already convinced; he believes Guardian Caps can be part of the norm in the NFL.
“I wouldn’t be surprised if at some point it’s going to be mandated through OTAs and minicamp,” said Rivera, a former linebacker with the Bears. “If this really helps reduce (head injuries), then I’d imagine we would continue” to use them.
AP Sports Writers Teresa Walker, Tom Withers, John Wawrow, Dan Gelston, Steve Whyno and Dennis Waszak Jr. contributed to this report. | https://www.news-herald.com/2022/08/04/explainer-nfl-using-helmet-caps-for-player-safety-research/ | 2022-08-05T10:46:08Z | https://www.news-herald.com/2022/08/04/explainer-nfl-using-helmet-caps-for-player-safety-research/ | false |
WASHINGTON (AP) — Facebook owner Meta is quietly curtailing some of the safeguards designed to thwart voting misinformation or foreign interference in U.S. elections as the November midterm vote approaches.
It's a sharp departure from the social media giant's multibillion-dollar efforts to enhance the accuracy of posts about U.S. elections and regain trust from lawmakers and the public after their outrage over learning the company had exploited people’s data and allowed falsehoods to overrun its site during the 2016 campaign.
The pivot is raising alarm about Meta’s priorities and about how some might exploit the world’s most popular social media platforms to spread misleading claims, launch fake accounts and rile up partisan extremists.
“They're not talking about it," said former Facebook policy director Katie Harbath, now the CEO of the tech and policy firm Anchor Change. “Best case scenario: They're still doing a lot behind the scenes. Worst case scenario: They pull back, and we don't know how that's going to manifest itself for the midterms on the platforms."
Since last year, Meta has shut down an examination into how falsehoods are amplified in political ads on Facebook by indefinitely banishing the researchers from the site.
CrowdTangle, the online tool that the company offered to hundreds of newsrooms and researchers so they could identify trending posts and misinformation across Facebook or Instagram, is now inoperable on some days.
Public communication about the company's response to election misinformation has gone decidedly quiet. Between 2018 and 2020, the company released more than 30 statements that laid out specifics about how it would stifle U.S. election misinformation, prevent foreign adversaries from running ads or posts around the vote and subdue divisive hate speech.
Top executives hosted question and answer sessions with reporters about new policies. CEO Mark Zuckerberg wrote Facebook posts promising to take down false voting information and authored opinion articles calling for more regulations to tackle foreign interference in U.S. elections via social media.
But this year Meta has only released a one-page document outlining plans for the fall elections, even as potential threats to the vote remain clear. Several Republican candidates are pushing false claims about the U.S. election across social media. In addition, Russia and China continue to wage aggressive social media propaganda campaigns aimed at further political divides among American audiences.
Meta says that elections remain a priority and that policies developed in recent years around election misinformation or foreign interference are now hard-wired into company operations.
“With every election, we incorporate what we’ve learned into new processes and have established channels to share information with the government and our industry partners,” Meta spokesman Tom Reynolds said.
He declined to say how many employees would be on the project to protect U.S. elections full time this year.
During the 2018 election cycle, the company offered tours and photos and produced head counts for its election response war room. But The New York Times reported the number of Meta employees working on this year's election had been cut from 300 to 60, a figure Meta disputes.
Reynolds said Meta will pull hundreds of employees who work across 40 of the company's other teams to monitor the upcoming vote alongside the election team, with its unspecified number of workers.
The company is continuing many initiatives it developed to limit election misinformation, such as a fact-checking program started in 2016 that enlists the help of news outlets to investigate the veracity of popular falsehoods spreading on Facebook or Instagram. The Associated Press is part of Meta's fact-checking program.
This month, Meta also rolled out a new feature for political ads that allows the public to search for details about how advertisers target people based on their interests across Facebook and Instagram.
Yet, Meta has stifled other efforts to identify election misinformation on its sites.
It has stopped making improvements to CrowdTangle, a website it offered to newsrooms around the world that provides insights about trending social media posts. Journalists, fact-checkers and researchers used the website to analyze Facebook content, including tracing popular misinformation and who is responsible for it.
That tool is now “dying,” former CrowdTangle CEO Brandon Silverman, who left Meta last year, told the Senate Judiciary Committee this spring.
Silverman told the AP that CrowdTangle had been working on upgrades that would make it easier to search the text of internet memes, which can often be used to spread half-truths and escape the oversight of fact-checkers, for example.
“There’s no real shortage of ways you can organize this data to make it useful for a lot of different parts of the fact-checking community, newsrooms and broader civil society,” Silverman said.
Not everyone at Meta agreed with that transparent approach, Silverman said. The company has not rolled out any new updates or features to CrowdTangle in more than a year, and it has experienced hourslong outages in recent months.
Meta also shut down efforts to investigate how misinformation travels through political ads.
The company indefinitely revoked access to Facebook for a pair of New York University researchers who they said collected unauthorized data from the platform. The move came hours after NYU professor Laura Edelson said she shared plans with the company to investigate the spread of disinformation on the platform around the Jan. 6, 2021, attack on the U.S. Capitol, which is now the subject of a House investigation.
“What we found, when we looked closely, is that their systems were probably dangerous for a lot of their users,” Edelson said.
Privately, former and current Meta employees say exposing those dangers around the American elections have created public and political backlash for the company.
Republicans routinely accuse Facebook of unfairly censoring conservatives, some of whom have been kicked off for breaking the company’s rules. Democrats, meanwhile, regularly complain the tech company hasn’t gone far enough to curb disinformation.
“It’s something that’s so politically fraught, they’re more trying to shy away from it than jump in head first.” said Harbath, the former Facebook policy director. “They just see it as a big old pile of headaches.”
Meanwhile, the possibility of regulation in the U.S. no longer looms over the company, with lawmakers failing to reach any consensus over what oversight the multibillion-dollar company should be subjected to.
Free from that threat, Meta's leaders have devoted the company's time, money and resources to a new project in recent months.
Zuckerberg dived into this massive rebranding and reorganization of Facebook last October, when he changed the company’s name to Meta Platforms Inc. He plans to spend years and billions of dollars evolving his social media platforms into a nascent virtual reality construct called the “metaverse” — sort of like the internet brought to life, rendered in 3D.
His public Facebook page posts now focus on product announcements, hailing artificial intelligence, and photos of him enjoying life. News about election preparedness is announced in company blog posts not written by him.
In one of Zuckerberg's posts last October, after an ex-Facebook employee leaked internal documents showing how the platform magnifies hate and misinformation, he defended the company. He also reminded his followers that he had pushed Congress to modernize regulations around elections for the digital age.
“I know it’s frustrating to see the good work we do get mischaracterized, especially for those of you who are making important contributions across safety, integrity, research and product,” he wrote on Oct. 5. "But I believe that over the long term if we keep trying to do what’s right and delivering experiences that improve people’s lives, it will be better for our community and our business.”
It was the last time he discussed the Menlo Park, California-based company’s election work in a public Facebook post.
___
Associated Press technology writer Barbara Ortutay contributed to this report.
___
Follow AP's coverage of misinformation at https://apnews.com/hub/misinformation.
Copyright 2022 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed without permission. | https://www.mynews13.com/fl/orlando/ap-top-news/2022/08/05/meta-trims-election-misinformation-efforts-as-midterms-loom | 2022-08-05T10:53:37Z | https://www.mynews13.com/fl/orlando/ap-top-news/2022/08/05/meta-trims-election-misinformation-efforts-as-midterms-loom | true |
This document contains general overtime laws per 2045a\nLicensor Name LSST Inc Submiter Gareth Isaac Type Public Release Date December, year Year of Expiration This Document contains rules set by ¶10102 LICORNE. In addition, they require their license be purchased from their LDC\nIn case of the Licensees, you hold such authority directly in your job with company; for example being HECR member author For election officials, falsehoods about America's voting process can feel like a game of whack-a-mole.
"There's just so much that is incorrect that they just keep repeating and repeating and repeating," one Colorado voting official told NPR recently. "And then as soon as I have absolutely blocked off that path with actual correct information, then they just move that goal post. And they keep just moving the goal posts."
But it's clear this "game" has massive stakes.
A Justice Department official said in a Senate hearing this week that the federal law enforcement agency had reviewed more than a thousand hostile threats against election workers over the past year. And in a separate congressional hearing, lawmakers mulled how to make the presidential election certification process less vulnerable to partisan hijacking.
In what has essentially become an information war for the future of democracy, people driven by misinformation are acting on it to harass election workers and subvert the will of the voters. And election officials have struggled to find an effective message to fight back.
Republican Stephen Richer, the lead election official for Maricopa County, Ariz., had a speaking event cancelled last week due to a threat.
"If I said I knew [how to fight misinformation], that would be a lie," Richer said in a recent interview with NPR. "We have ideas and we've been trying our hardest to employ all manner of tactics. But I don't think anyone has cracked disinformation as a societal challenge."
New data commissioned by the Voting Rights Lab, and shared exclusively with NPR, however, indicates a potential path forward.
The group, which advocates for expanded voter access, commissioned a series of surveys earlier this year with voters in swing states to gauge their feelings about America's voting systems, and how different types of messages could affect those feelings.
They found that while more than a third of voters said they don't trust the process for counting votes in the U.S., after people were shown affirmative but nonpartisan messaging about democratic systems persevering, that number significantly improved.
"The Big Lie and its proponents have so significantly eroded trust in our democracy," said Megan Lewis, the executive director of the Voting Rights Lab. "The good news from our research is that we found that by appealing to the values that American voters hold dear — things like freedom, independence, a longing for unity — that we actually can persuade voters that the Big Lie is really nothing more than a partisan power grab."
The organization's research started with a control group of voters, and asked them whether they agreed or disagreed with this statement: "Overall, I trust the process for counting votes in our elections."
Initially, 63% of voters said they did.
But when another group of voters was asked the same question after reading a statement that included things like "political candidates can challenge election results. But our system requires proof and following the law" and "let's keep improving our elections and make them more fair, equal, and transparent" that number went up to 72% of voters.
Notably, the share of voters identified as people who already believe election misinformation improved the most after reading the affirmative messaging.
Tresa Undem, a cofounder of the public opinion research firm Perry Undem that conducted the surveys on behalf of the Voting Rights Lab, said she was stunned by the change in Republican voters after they read the positive election messaging.
"After hearing that affirmative narrative, [Republican voters] were in the double digit points more likely to say they trust the process for counting votes in elections compared to a control group," Undem explained.
Those same voters, however, responded poorly to messaging that tried to persuade them of impending threats to democracy, including, for instance, fact-based reporting on the number of restrictive voting bills that have been introduced over the past two years in states across the country.
"People were turned off and they were like, 'Well that's Democratic talking points' and that's too negative and things aren't that bad," Undem said. "So what we took away from that is that ... it's much better to talk about the strength of our elections right now."
When presented with them, political scientist Paul Gronke, of Reed College, who was not involved in the research, called the results "heartening."
Previously, he said he worried that people who believed election misinformation were stuck in their beliefs and unswayable. There certainly still are those people he said, but it doesn't seem to be as big a group as previously thought.
"I was not optimistic, but I read these results and it added some optimism for me," Gronke said. "The foundation of some of these [false] beliefs seems fairly fragile."
Copyright 2022 NPR. To see more, visit https://www.npr.org. | https://www.knkx.org/2022-08-05/new-data-sheds-light-on-one-method-to-combat-election-lies | 2022-08-05T10:58:45Z | https://www.knkx.org/2022-08-05/new-data-sheds-light-on-one-method-to-combat-election-lies | false |
MAPLE PLAIN, Minn. (AP) _ Proto Labs Inc. (PRLB) on Friday reported net income of $2.6 million in its second quarter.
The Maple Plain, Minnesota-based company said it had net income of 9 cents per share. Earnings, adjusted for non-recurring costs, came to 46 cents per share.
The custom parts manufacturer posted revenue of $126.9 million in the period.
_____
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on PRLB at https://www.zacks.com/ap/PRLB | https://www.seattlepi.com/business/article/Proto-Labs-Q2-Earnings-Snapshot-17353765.php | 2022-08-05T11:03:15Z | https://www.seattlepi.com/business/article/Proto-Labs-Q2-Earnings-Snapshot-17353765.php | true |
Trial in progress poster also to be presented for Phase 1/2 ARROS-1 study of ROS1-selective inhibitor NVL-520
CAMBRIDGE, Mass., Aug. 5, 2022 /PRNewswire/ -- Nuvalent, Inc. (Nasdaq: NUVL), a clinical-stage biopharmaceutical company focused on creating precisely targeted therapies for clinically proven kinase targets in cancer, today announced new preclinical data supporting the potential best-in-class profile of NVL-655 – an ALK-selective inhibitor, and a "Trial in Progress" poster for the Phase 1/2 ARROS-1 study of NVL-520 – a ROS1-selective inhibitor. NVL-520 and NVL-655 are central nervous system (CNS)-penetrant kinase inhibitors designed to specifically solve for the dual challenges of kinase resistance and selectivity commonly observed with currently available inhibitors.
The two posters will be presented at the IASLC 2022 World Conference on Lung Cancer (WCLC) Annual Meeting taking place August 6-9, 2022 in Vienna, Austria. The posters will also be available on the Nuvalent website.
"Our presentations at WCLC showcase the value that our collaborations with leading physician-scientists and translational investigators bring towards characterizing and developing our parallel lead programs for patients with non-small cell lung cancer (NSCLC)," said James Porter, Ph.D., Chief Executive Officer of Nuvalent. "We are grateful for our continued collaborations focused on advancing the understanding of resistance to kinase inhibitors, as well as the dedication and support of the Phase 1 clinical investigators participating in our ongoing studies for patients with advanced NSCLC and other solid tumors."
"We selected NVL-520 and NVL-655 based on the demonstrated strength of their preclinical profiles and their potential to drive deep, durable responses for patients with ROS1-positive and ALK-positive cancers, respectively. With both programs now under clinical investigation, we remain committed to continued, rigorous preclinical characterization to both deepen our understanding of our programs as well as to support the advancement of tools and models that may help accelerate the development of new therapies for genomically-driven cancers," said Henry Pelish, Ph.D., Vice President of Biology at Nuvalent. "We are pleased to share data further characterizing NVL-655 in a new patient-derived model of lorlatinib-resistant ALK-positive NSCLC with the treatment-emergent G1202R/T1151M compound resistance mutation, developed by our clinical and translational collaborators at Gustave Roussy."
The MR448re patient-derived model was established from cancer cells retrieved from a NSCLC patient previously treated with four prior ALK kinase inhibitors and most recently progressing following treatment with lorlatinib. Presence of an EML4-ALK fusion and the G1202R/T1151M compound mutation was confirmed by sequencing.
"The rapid development of the MR448re patient-derived model and subsequent evaluation of NVL-655 is a testament to the efficient cooperation between our clinical and translational investigators, and our collaborators at Nuvalent," said Luc Friboulet, Ph.D., investigator at Gustave Roussy. "NVL-655 showed strong antitumor activity in this heavily refractory model, while lorlatinib showed limited inhibitory activity consistent with treatment history. This further supports the differentiating and potentially best-in-class preclinical profile of NVL-655, which has previously demonstrated the ability to retain activity in the presence of a broad spectrum of single and compound ALK resistance mutations while maintaining a wide selectivity window over TRKB."
A "Trial in Progress" poster summarizing the preclinical profile of NVL-520 and clinical trial design of the Phase 1/2 ARROS-1 study (NCT05118789) for NVL-520 will also be presented. This multicenter, open-label, dose-escalation and expansion trial is designed to evaluate NVL-520 as an oral monotherapy for patients with advanced ROS1-positive NSCLC and other solid tumors. The ongoing Phase 1 dose-escalation portion of the study is currently enrolling ROS1-positive NSCLC patients who have previously received at least one ROS1 TKI, or patients with other ROS1-positive solid tumors previously treated with any prior therapy. Nuvalent plans to share preliminary dose-escalation data from ARROS-1 in the second half of 2022.
WCLC Presentation Overview:
Title: Preclinical Activity of NVL-655 in a Patient-Derived NSCLC Model with Lorlatinib-Resistant ALK G1202R/T1151M Mutation
Authors: H. Mizuta1, L. Bigot1, A. Tangpeerachaikul2, H.E. Pelish2, L. Friboulet1
Abstract Number: EP08.02-020
Session Category: Metastatic Non-small Cell Lung Cancer
Session Title: Molecular Targeted Treatments
Session Date and Time: August 7, 2022, 9:45am – 6:00pm CEST
1Gustave-Roussy, Villejuif, France; 2Nuvalent, Inc., Cambridge, MA, USA
Summary of Presentation:
- ALK G1202R single and compound mutations are recurrent mechanisms of resistance to previous-generation therapies, including alectinib and lorlatinib.
- NVL-655 showed strong antitumor activity in preclinical models derived from ALK positive patients who have progressed on treatment with earlier-generation ALK inhibitors, including a G1202R/T1151M compound mutation model derived from a patient previously treated with crizotinib, alectinib, brigatinib, and lorlatinib.
- Among all inhibitors tested, NVL-655 continues to show the broadest activity across ALK fusion partners and resistance mutations while maintaining a wide selectivity window over TRKB.
- NVL-655 is currently being evaluated in the Phase 1/2 ALKOVE-1 study for patients with advanced ALK+ NSCLC and other solid tumors, including those with ALK resistance mutations and CNS metastases (NCT05384626).
Title: NVL-520, a Highly Selective ROS1 Inhibitor, in Patients with Advanced ROS1-Positive Solid Tumors: The Phase 1/2 ARROS-1 Study
Authors: A. Drilon1, S-H.I. Ou2, S. Gadgeel3, M. Johnson4, A. Spira5, G. Lopes6, B. Besse7, E. Felip8, A.J. van der Wekken9, A. Calles10, M.J. de Miguel11, D.R. Camidge12, Y. Elamin13, S. Liu14, J. Bauman15, D. Haggstrom16, G. Riley17, H.E. Pelish17, V.W. Zhu17, J.J. Lin18
Abstract Number: EP08.02-041
Session Category: Metastatic Non-small Cell Lung Cancer
Session Title: Molecular Targeted Treatments
Session Date and Time: August 7, 2022, 9:45am – 6:00pm CEST
1Memorial Sloan Kettering Cancer Center, New York/NY/USA ,2University Of California Irvine Medical Center, Orange/CA/USA ,3Henry Ford Cancer Institute, Detroit/MI/USA ,4Sarah Cannon Research Institute, Nashville/TN/USA,5NEXT Oncology - Virginia Cancer Specialists, Fairfax/VA/USA ,6Sylvester Comprehensive Cancer Center at the University of Miami and the Miller School of Medicine, Miami/FL/USA ,7Institut Gustave Roussy, Villejuif Cedex/FR,8Hospital Vall d'Hebron, Barcelona/ES ,9University of Groningen, University Medical Centre Groningen,Groningen/NL ,10Hospital Universitario Gregorio Marañón, Madrid/ES ,11START Madrid-HM CIOCC, Madrid/ES,12University of Colorado Cancer Center, Anschutz Medical Campus, Aurora/CO/USA ,13MD Anderson Cancer Center, Houston/TX/USA ,14Georgetown University, Washington/DC/USA ,15Fox Chase Cancer Center, Philadelphia/PA/USA,16Levine Cancer Institute, Atrium Health, Charlotte/NC/USA ,17Nuvalent, Inc., Cambridge/MA/USA ,18Massachusetts General Hospital, Boston/MA/USA
Summary of Presentation:
- NVL-520 has demonstrated CNS activity and potent and selective inhibition of ROS1 & ROS1 G2032R over TRKB in preclinical models. These data indicate the potential to minimize TRK-related CNS adverse events seen with dual TRK/ROS1 inhibitors and drive more durable responses for patients with ROS1+ tumors, including those with ROS1 resistance mutations and CNS metastases.
- ARROS-1 is a Phase 1/2 study evaluating the safety and activity of NVL-520 in patients with advanced ROS1+ NSCLC and other solid tumors, including those with ROS1 resistance mutations and CNS metastases.
- The Phase 1 portion of the study is open and actively enrolling in the USA, Spain, the Netherlands, and France, with further global expansion planned.
- Phase 2 cohorts are designed to support potential registration in TKI-naive or previously treated ROS1+ NSCLC.
About NVL-655
NVL-655 is a novel brain-penetrant ALK-selective inhibitor created to overcome limitations observed with currently available ALK inhibitors. NVL-655 is designed to remain active in tumors that have developed resistance to first-, second-, and third-generation ALK inhibitors, including tumors with the solvent front G1202R mutation or compound mutations G1202R / L1196M ("GRLM"), G1202R / G1269A ("GRGA"), or G1202R/L1198F ("GRLF"). NVL-655 has been optimized for CNS penetrance to improve treatment options for patients with brain metastases. NVL-655 has been observed in preclinical studies to selectively inhibit wild-type ALK and its resistance variants over the structurally related tropomyosin receptor kinase (TRK) family to potentially avoid TRK-related CNS adverse events seen with dual TRK/ALK inhibitors and drive more durable responses for patients. NVL-655 is currently being investigated in the ALKOVE-1 study (NCT05384626), a first-in-human Phase 1/2 clinical trial for patients with advanced ALK-positive non-small cell lung cancer (NSCLC) and other solid tumors.
About NVL-520
NVL-520 is a novel brain-penetrant ROS1-selective inhibitor designed to remain active in tumors that have developed resistance to currently available ROS1 inhibitors, including tumors with the prevalent G2032R resistance mutation and those with the S1986Y/F, L2026M, or D2033N resistance mutations. NVL-520 has been optimized for brain penetrance to potentially improve treatment options for patients with brain metastases. NVL-520 has been observed in preclinical studies to selectively inhibit wild-type ROS1 and its resistance variants over the structurally related tropomyosin receptor kinase (TRK) family to potentially avoid TRK-related CNS adverse events seen with dual TRK/ROS1 inhibitors and drive more durable responses for patients. NVL-520 is currently being investigated in the ARROS-1 study (NCT05118789), a first-in-human Phase 1/2 clinical trial for patients with advanced non-small cell lung cancer (NSCLC) and other solid tumors.
About Nuvalent
Nuvalent, Inc. (Nasdaq: NUVL) is a clinical-stage biopharmaceutical company focused on creating precisely targeted therapies for patients with cancer, designed to overcome the limitations of existing therapies for clinically proven kinase targets. Leveraging deep expertise in chemistry and structure-based drug design, we develop innovative small molecules that have the potential to overcome resistance, minimize adverse events, address brain metastases, and drive more durable responses. Nuvalent is advancing a robust pipeline with parallel lead programs in ROS1-positive and ALK-positive non-small cell lung cancer (NSCLC), along with multiple discovery-stage research programs. We routinely post information that may be important to investors on our website at www.nuvalent.com. Follow us on Twitter (@nuvalent) and LinkedIn.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, as amended, including, without limitation, implied and express statements regarding Nuvalent's strategy, business plans, and focus; the clinical development programs for NVL-520 and NVL-655 and the timing thereof; the potential clinical effect of NVL-520 and NVL-655; the design and enrollment of the ARROS-1 and ALKOVE-1 studies and the timing thereof; the potential of Nuvalent's pipeline programs, including NVL-520 and NVL-655; Nuvalent's research and development programs for the treatment of cancer; risks and uncertainties associated with drug development; and capital allocation. The words "may," "might," "will," "could," "would," "should," "expect," "plan," "anticipate," "aim," "goal," "intend," "believe," "expect," "estimate," "seek," "predict," "future," "project," "potential," "continue," "target" or the negative of these terms and similar words or expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. Drug development and commercialization involve a high degree of risk, and only a small number of research and development programs result in commercialization of a product. You should not place undue reliance on these statements or the scientific data presented. Any forward-looking statements in this press release are based on management's current expectations and beliefs and are subject to a number of risks, uncertainties, and important factors that may cause actual events or results to differ materially from those expressed or implied by any forward-looking statements contained in this press release, including, without limitation: risks that Nuvalent may not fully enroll the ARROS-1 or ALKOVE-1 studies or that enrollment will take longer than expected; unexpected concerns that may arise from additional data, analysis, or results obtained during clinical trials; the occurrence of adverse safety events; risks of unexpected costs, delays, or other unexpected hurdles; risks that Nuvalent may not be able to nominate drug candidates from its HER2 Exon 20 and ALK IXDN programs; the direct or indirect impact of COVID-19 or other global geopolitical circumstances on the timing and anticipated timing and results of Nuvalent's clinical trials, strategy, and future operations, including the ARROS-1 and ALKOVE-1 studies; the timing and outcome of Nuvalent's planned interactions with regulatory authorities; and obtaining, maintaining, and protecting its intellectual property. These and other risks and uncertainties are described in greater detail in the section entitled "Risk Factors" in the Company's Annual Report on Form 10-K for the year ended December 31, 2021, as well as any subsequent filings with the Securities and Exchange Commission. In addition, any forward-looking statements represent Nuvalent's views only as of today and should not be relied upon as representing its views as of any subsequent date. Nuvalent explicitly disclaims any obligation to update any forward-looking statements.
View original content to download multimedia:
SOURCE Nuvalent, Inc. | https://www.kait8.com/prnewswire/2022/08/05/nuvalent-presents-new-preclinical-data-supporting-potential-best-in-class-profile-alk-selective-inhibitor-nvl-655-iaslc-2022-world-conference-lung-cancer-annual-meeting/ | 2022-08-05T11:04:21Z | https://www.kait8.com/prnewswire/2022/08/05/nuvalent-presents-new-preclinical-data-supporting-potential-best-in-class-profile-alk-selective-inhibitor-nvl-655-iaslc-2022-world-conference-lung-cancer-annual-meeting/ | false |
GARDINER, Mont. — Tourism at Yellowstone National Park is down about 40% this summer after devastating floods wiped out roads in and around the park in June. Towns at two of the park's five entrances were completely cut off from it.
The raging flood waters took out big sections of paved roads in and near the park, and now the North Entrance from the neighboring town of Gardiner, Mont., is closed. It's expected to stay that way for at least a couple of years.
"Without park access, the Gardiner economy was falling apart," said Emil McCain, who owns a wildlife guiding company.
"Without the entrance into the national park, there wasn't a whole lot of draw for folks to come stay at our lodges or eat in our restaurants or even participate in other activities like river rafting or horseback riding," he explained.
About 900 people live in Gardiner, but each summer the town straddling the Yellowstone River is crowded with thousands of visitors staying in hotels and patronizing businesses that rely almost exclusively on park visitors.
In July, the park opened a lifeline: Improving an old dirt road from Gardiner into Yellowstone that is typically only used by bicyclists, hikers and one-way vehicle traffic.
It took tons of heavy equipment work to make it more drivable, but now the Park Service is allowing a limited number of guide service vehicles to use the road to bring tourists into the park. It's still closed to private vehicles.
Wildlife guide Matt DeMassino says the Old Gardiner Road dates to the stagecoach era.
"This is the exact road that Teddy Roosevelt would have taken when he visited the park in 1903," said DeMassino. "And before that, Chester A. Arthur, first president to come visit the park, came in on this way, so I'm going to start calling it the Presidential Route."
A great experience for a few tourists
The road winds steeply through sagebrush hills toward the massive, steaming mineral deposits at Mammoth Hot Springs.
On a recent trip over the road, and after getting onto a still intact section of paved road, a guide driving a van full of tourists pulled over in a vast green landscape to view wildlife. After all of the rains the park got before the floods, the foliage is much greener than it normally would be in late July.
A moose nestled among some willows near a creek, and Harry Buis from the Netherlands looked through binoculars at a black bear. He and son Jean Leon were seeing Yellowstone for the first time.
"I loved the animals we saw and was really surprised that we saw the wolves. I didn't expect it," Jean Leon said.
In a normal summer, this northern loop of the park roads are often jammed with cars, which cluster up along narrow pull-outs when someone spots wildlife.
Lynn Harvey, visiting from Texas, had been planning to drive her rental car into the park. She didn't learn that the North Entrance from Gardiner was closed until she arrived in Montana. She signed on for the tour instead and wasn't disappointed.
"And with the whitewater rafting and the trips into the park, I don't think you miss out on anything," she said. "We don't feel like we missed out on anything besides the driving, and I'm glad."
On a recent weekend day, 30 tours like this went into the park through the entrance at Gardiner. That's compared to about 1,700 cars on a typical summer day.
Park is working to help neighboring towns
Yellowstone National Park Superintendent Cam Sholly says the goal is to open up as much of the park as possible for the benefit of tourists and the businesses that depend on their spending, which is more than $230 million a year on this end of the park alone.
"Whatever we can do to as quickly as possible regain some level of access for those communities is critical for us," Sholly said.
He says it will likely be years before there's a permanent fix to the park's entrance road at Gardiner. For now, the park is trying to strike a balance between allowing guides to use the Old Gardiner Road and making sure construction crews can pave it for tourists to start using it in the interim this fall.
"We all know it's not going to be normal," Sholly said. "We also know that it can't be just wide open on the Old Gardiner Road because if we don't give those contractors time to work and they don't finish the road before winter then that opens up a whole other host of problems that we'll have to deal with."
Tourist-dependent businesses in Gardiner are grateful that the park has restored at least some access, but Terese Petcoff with the chamber of commerce says the 30 or so tours going into the park each day won't keep all of the town's businesses afloat.
"Say you're a farmer, it's like your entire fields collapsing into a sinkhole," she said. "That's how I'd put it in comparison for people who aren't from around here or who haven't experienced a tourism economy."
Four hotels and three restaurants in Gardiner have already closed.
The Absaroka Lodge, built right above the banks of the Yellowstone River, with an occupancy of 41, is still open.
Kiana Linares works at the front desk and says the lower level in one of their buildings is vacant.
Linares says very few people are making reservations ahead of time now.
"I don't think we've actually had any people check in that had already booked tours," she said. "I think they are booking them as they get here once they realize they can't get in unless they book a tour or drive to West Yellowstone."
The West Entrance is about a three-hour drive from Gardiner.
Businesses here hope the planned improvements to the Old Gardiner Road will be successfully completed in October as planned. Every winter all four of the park's other entrances close, so road access from Gardiner, which is usually open year-round, could help the town have a good winter tourist season.
Copyright 2022 Yellowstone Public Radio. To see more, visit Yellowstone Public Radio. | https://www.knau.org/npr-news/npr-news/2022-08-05/attendance-at-yellowstone-national-park-plummets-after-road-washouts-in-june | 2022-08-05T11:05:43Z | https://www.knau.org/npr-news/npr-news/2022-08-05/attendance-at-yellowstone-national-park-plummets-after-road-washouts-in-june | false |
A Russian court found Brittney Griner guilty on drug smuggling and possession charges. She was sentenced to more than nine years in prison. The Biden administration is working to secure her release.
Copyright 2022 NPR
A Russian court found Brittney Griner guilty on drug smuggling and possession charges. She was sentenced to more than nine years in prison. The Biden administration is working to secure her release.
Copyright 2022 NPR | https://www.wvpublic.org/2022-08-05/a-court-in-moscow-sentences-wnba-star-brittney-griner-to-9-years-on-drug-charges | 2022-08-05T11:05:46Z | https://www.wvpublic.org/2022-08-05/a-court-in-moscow-sentences-wnba-star-brittney-griner-to-9-years-on-drug-charges | true |
Twitter labels Elon Musk claims over fake accounts `excuses´
Twitter has accused Elon Musk of “looking for an excuse” to get out of a deal to buy the company because the stock market decline meant it was no longer favourable for him.
The social media platform has sued Mr Musk to force the completion of the 44 billion dollar (£36.2 billion) takeover after the Tesla and SpaceX boss said he was backing out.
Mr Musk’s counter-claims against Twitter have not yet been made public, but a published court filing from the social media site directly responds to several of Mr Musk’s claims – including him accusing Twitter of fraud and hiding the true number of fake or bot accounts on the platform in order to push through the deal.
But in the new court filing, Twitter calls Mr Musk’s accusations “factually inaccurate, legally insufficient, and commercially irrelevant”.
Twitter labels the billionaire’s claim that Twitter had hidden or misrepresented the number of bot accounts on the platform “a story” that had been “imagined in an effort to escape a merger agreement that Musk no longer found attractive once the stock market — and along with it, his massive personal wealth — declined in value”.
Elon Musk (AP)
The company has previously published a rough estimation that around 5% of the accounts on the site are bots, a figure that Mr Musk has latched onto and disputed during the takeover saga – leading to the current legal stand-off.
During the takeover, Twitter has given Mr Musk and his lawyers access to company data to allow them to complete their own analysis, but Mr Musk’s team has argued the data has failed to give them a clear picture.
In response, Twitter has said Mr Musk’s argument is “incoherent”.
“Musk invents representations Twitter never made and then tries to wield, selectively, the extensive confidential data Twitter provided him to conjure a breach of those purported representations,” Twitter says in its filing.
“Yet Musk simultaneously and incoherently asserts that Twitter breached the merger agreement by stonewalling his information requests.”
The court documents reveal that in his counter-claim, Mr Musk and his lawyers suggest their own analysis of data Twitter provided to them has found that, in fact, around 10% of the accounts on Twitter could be categorised as bots – and therefore Twitter had misrepresented its position.
The social media site said Mr Musk´s argument was incoherent (Dominic Lipinski/PA)
However, Twitter has also hit back at the claim, arguing that Mr Musk’s team used a “generic web tool” to carry out this analysis, one it says has previously identified even Mr Musk’s own account as a bot.
“That claim is untenable on its face because Musk is not measuring the same thing as Twitter or even using the same data as Twitter,” the company says.
“The result is a distortion that Musk is hoping will nonetheless make waves.”
Twitter adds Mr Musk’s aggressive approach to the takeover deal meant he “forwent” any due diligence.
“The counter-claims fail to justify Musk’s plan to dishonour the merger agreement,” Twitter says.
“Musk claims that he has the right to walk away from the deal if Twitter was ‘miscounting’ the number of false or spam accounts on its platform. That is incorrect — as the facts and terms of the merger agreement show.
“When Musk offered to buy Twitter, he did not ask for — and Twitter did not make — any representations regarding the number of false or spam accounts. The merger agreement does not contain a single reference to false or spam accounts.
“Nor did Musk ask Twitter for any information to ‘verify’ the number of false or spam accounts before he entered into the merger agreement. To the contrary, Musk forwent all due diligence — giving Twitter 24 hours to accept his take-it-or-leave-it offer before he would present it directly to Twitter’s stockholders.”
The case is currently due to go to a trial in October. | https://www.dailymail.co.uk/wires/pa/article-11084081/Twitter-labels-Elon-Musk-claims-fake-accounts-excuses.html?ns_mchannel=rss&ns_campaign=1490&ito=1490 | 2022-08-05T11:08:09Z | https://www.dailymail.co.uk/wires/pa/article-11084081/Twitter-labels-Elon-Musk-claims-fake-accounts-excuses.html?ns_mchannel=rss&ns_campaign=1490&ito=1490 | false |
Neighbours asked to grass on hosepipe rule-breakers
Gardeners are being encouraged to grass on their green-fingered neighbours if they spot them repeatedly breaching hosepipe bans.
Rule-breakers face fines of up to £1,000 if taken to court, although water companies say they prefer “education over enforcement”.
It comes as the first hosepipe bans – also known as temporary use bans (TUBs) – were introduced on Friday in parts of southern England, with further restrictions earmarked for the South East of England and south-west Wales later this month.
Southern Water, whose domestic water-use restrictions are now in place across Hampshire and the Isle of Wight, encouraged people to “gently remind” neighbours of the restrictions in place if they saw anyone breaking the rules.
(PA Graphics)
A spokesman added: “If you see anyone repeatedly breaching the restrictions, please let us know via our customer service team.
“A fine of up to £1,000 can be imposed for any breaches.
“Our approach is one of education rather than enforcement.
“We would like to thank all our customers for supporting these restrictions and for doing your bit to protect your local rivers.”
Any fine would have to be imposed via the courts.
Hosepipes cannot be used to water gardens in Hampshire and the Isle of Wight from Friday (Yui Mok/PA)
The current restrictions cover using a hosepipe to water a garden, clean a vehicle, or wash windows.
They also include filling a paddling pool, domestic pond or ornamental fountain.
The TUB does not impose restrictions on essential and commercial uses of water, such as commercial window cleaners and car washes, or businesses that need water as part of their operations, such as zoos.
Similar measures will be introduced for South East Water customers in Kent and Sussex on August 12, while Welsh Water will bring in a hosepipe ban on August 19 to cover Pembrokeshire.
Months of little rainfall, combined with record-breaking temperatures in July, have left rivers at exceptionally low levels, depleted reservoirs and dried-out soils.
Domestic paddling pools cannot be filled under hosepipe ban rules, although zoos are exempt (Chris Radburn/PA)
All of this has put pressure on the environment, farming and water supplies, and is fuelling wildfires.
The Met Office has warned there is “very little meaningful rain” on the horizon for parched areas of England as temperatures are set to climb into the 30s next week.
While it could mean another heatwave – when there are above-average temperatures for three days or more – it is likely that conditions will be well below the 40C seen in some places last month.
The situation has prompted calls for action to reduce water consumption to protect the environment and supplies, and to restore the country’s lost wetlands “on an enormous scale” to tackle a future of more dry summers and droughts.
Other water firms have so far held off bringing in restrictions despite low water levels, though some say they may need to implement bans if the dry weather continues.
Householders who have not yet been hit by restrictions are being urged to avoid using hosepipes for watering the garden or cleaning the car. | https://www.dailymail.co.uk/wires/pa/article-11084285/Neighbours-asked-grass-hosepipe-rule-breakers.html?ns_mchannel=rss&ns_campaign=1490&ito=1490 | 2022-08-05T11:09:20Z | https://www.dailymail.co.uk/wires/pa/article-11084285/Neighbours-asked-grass-hosepipe-rule-breakers.html?ns_mchannel=rss&ns_campaign=1490&ito=1490 | true |
New Anniversary Video Highlights Viking's History and Leadership
LOS ANGELES, Aug. 5, 2022 /PRNewswire/ -- Viking® (www.viking.com) is celebrating today the company's 25th anniversary and its leadership in travel. To commemorate the anniversary, Viking has released a new video message from Chairman Torstein Hagen as he reflects on the company's key milestones since its founding on August 5, 1997. The new video can be viewed here on Viking's website, as well as here on Viking's award-winning enrichment channel, Viking.TV. All this week, Viking.TV daily programming has centered on Norwegian culture and history as a tribute to the Hagen family's Norwegian heritage.
"I am proud of all that we have accomplished in these 25 years. First, we invented modern river voyages; then, we reinvented ocean voyages with our destination-focused approach; now, we are perfecting expedition voyages and exploring all seven continents—in comfort," said Torstein Hagen, Chairman of Viking. "To every member of our extended Viking family of guests and employees: happy anniversary and thank you. These first 25 years have been very good, but we are just getting started."
The anniversary comes just after Viking was named the #1 Ocean Line and #1 River Line in Travel + Leisure's 2022 "World's Best" Awards, in which the company became the first cruise line ever to top both categories in the same year. Viking is also rated #1 for both rivers and oceans by Condé Nast Traveler, making it the first cruise line to ever simultaneously earn #1 in its categories from both publications.
This milestone year has also been one of significant launches for the company. In January, the company debuted Viking Expeditions and the first of two purpose-built expedition vessels, the Viking Octantis®, which is currently sailing its inaugural season in the Great Lakes. In the spring, the company welcomed eight new Viking Longships® and its newest identical ocean ship, the Viking Mars®. This month, Viking is launching three purpose-built vessels for the Mekong, Nile and Mississippi Rivers, and by the end of the year, will have also welcomed a second identical expedition ship, the Viking Polaris®, and another identical ocean ship, the Viking Neptune®.
Booking Details
From now through August 31, 2022, Viking is offering special savings plus up to free international airfare on select river and ocean voyages as part of the company's 25th Anniversary Sale. Call Viking toll free at 1-855-8-VIKING (1-855-884-5464) or contact a travel advisor for details.
Media Assets
For more information, images, and b-roll for Viking, contact vikingpr@edelman.com.
About Viking
Viking was founded in 1997 and provides destination-focused journeys on rivers, oceans, and lakes around the world. Designed for curious travelers with interests in science, history, culture and cuisine, Chairman Torstein Hagen often says Viking offers experiences for The Thinking PersonSM. Viking has more than 250 awards to its name, including being the first cruise line ever to be simultaneously named the #1 Ocean Line and #1 River Line in Travel + Leisure's 2022 "World's Best" Awards. Viking was also rated the #1 River Line and #1 Ocean Line by Condé Nast Traveler in the publication's 2021 Readers' Choice Awards. For additional information, contact Viking at 1-800-2-VIKING (1-800-284-5464) or visit www.viking.com. For Viking's award-winning enrichment channel, visit www.viking.tv.
View original content to download multimedia:
SOURCE Viking | https://www.wflx.com/prnewswire/2022/08/05/viking-celebrates-25-years-award-winning-exploration/ | 2022-08-05T11:11:20Z | https://www.wflx.com/prnewswire/2022/08/05/viking-celebrates-25-years-award-winning-exploration/ | false |
Tensions with U.S. spur Chinese buying of chipmaking stocks
SHANGHAI, Aug 5 (Reuters) - Chinese chipmakers' shares jumped by the most in two years this week as House of Representatives Speaker Nancy Pelosi's visit to Taiwan heightened tensions with the U.S., driving patriotic bets on a sector Beijing sees as key to its rivalry with Washington.
The surge in interest in chipmaking stocks, which had lost more than a third of their value over the past year on valuation concerns, came after the U.S. Senate last week passed the "Chips and Science" Act to better compete with China.
China's semiconductor index rose 6.8% on Friday to a four-month high, bringing the week's gains to 14.2%, the best weekly performance since mid-2020.
Although the U.S. Chip Act would further restrict the use of advanced U.S. technologies in China, while prodding more semiconductor investment in the U.S, some investors interpret it as good news for local Chinese players.
"Domestic chipmakers will have huge opportunities to replace imported products," said Niu Chunbao, director of investment at private fund house Wanji Asset, adding local players could see explosive growth.
This view was echoed by Guorong Securities, which said in a note that the U.S. Chip Act will "stimulate the development of China's semiconductor industry".
Shares in Shenzhen China Micro Semicon Co Ltd soared 82% on their first day of trading in Shanghai, in contrast with weaker recent stock market debuts.
Chinese chipmaking giant Semiconductor Manufacturing International Corp (SMIC) jumped 7.1% in Hong Kong and 4.4% in Shanghai. The SSE STAR Chip Index surged 8.3%.
But Chinese chipmakers are expensive compared with their global peers, at a time when the prospect of a global economic recession threatens chip demand.
The global industry, which suffered from supply-chain snags during the height of the COVID-19 pandemic, now faces weak demand as inflation and recession fears reduce orders for chips used in everything from cars to mobile phones.
China's sector trades at around 57 times earnings, and remains the priciest sector in China's stock market. (Reporting by Jason Xue, Samuel Shen and Brenda Goh; Editing by Alexander Smith) | https://www.dailymail.co.uk/wires/reuters/article-11084291/Tensions-U-S-spur-Chinese-buying-chipmaking-stocks.html?ns_mchannel=rss&ns_campaign=1490&ito=1490 | 2022-08-05T11:13:24Z | https://www.dailymail.co.uk/wires/reuters/article-11084291/Tensions-U-S-spur-Chinese-buying-chipmaking-stocks.html?ns_mchannel=rss&ns_campaign=1490&ito=1490 | false |
Everyone is free to register and submit stories to this site. Blogs too can be created by anyone.
Raspberry Pi is still the most popular affordable SBC (Single Board Computer). It is used as the core in many of projects for education, healthcare, security, and IoT.
Read on
July 2022 brought a lot of exciting announcements and proposals for the WordPress project, from an updated timeline for the WordPress 6.1 release, to design updates on WordPress.org. Read on to learn more about the latest news from the community.
Rasa is a free and open-source community-powered machine learning framework to automate text- and voice-based conversations. [...] Rasa is licensed under the Apache-2.0 License.
In this article we created you a list of the best open-source chat widget solutions, which vary in features, and options. We recommend going through the list and look through all of their features before making a final decision.
Raspberry Pi is still the most popular affordable SBC (Single Board Computer). It is used as the core in many of projects for education, healthcare, security, and IoT. Read on
This is a new series that surveys popular streaming services from a Linux perspective. I am not reviewing any of the streaming services themselves although I may make comments from a personal perspective along the way. To start the series, I’m looking at Amazon Music Unlimited. This is a music subscription service with a catalogue of around 90 million songs. It costs $8.99/£8.99 per month to Prime members ($9.99/£9.99 for non-Prime members). I took advantage of the recent Amazon Prime Day deal offering a 4 month free trial. At the time of writing, there’s still a 1 month free trial available. Up to 10 devices can be authorized to a music library account. The service offers a wide-ranging song catalogue and bundles in lossless and hi-res tracks in the standard subscription fee. If you’re a follower of my music software reviews, you’ll know I’m a huge fan of music encoded with FLAC (Free Lossless Audio Codec). Read on
So far, ownCloud users have only had the opportunity to choose between simple local file storage based on a POSIX-compatible file system or EOS Open Storage (EOS). The latter causes massive complexity during setup. More recent versions of ownCloud feature a functionality called Decomposed FS. This file system is supposed to bring oCIS to arbitrary storage backends and even scalable ones. During the rewrite of ownCloud from PHP to Go, the company behind the private cloud solution is introducing massive changes to the backend of the software. This time, the developers do away with a tedious requirement of the first versions of ownCloud Infinite Scale (oCIS). By implementing a file system abstraction layer, oCIS can use arbitrary backend-storages (and even such storage mechanisms that can seamlessly scale out). This article explains the reasons behind ownCloud's decision, the details behind the Decomposed FS component, and what it means for ownCloud users and future deployments. To understand the struggle that oCIS faces, it's important to have a quick look back at the genesis of ownCloud Infinite Scale. What started as an attempt to gain more performance resulted in a complete rewrite of the tool in a programming language that was different from the previous one. ownCloud did, however, partner with several companies and institutions when rewriting its core product. Amongst the organizations that ownCloud partnered with was a university in Australia. Said university used EOS, a storage technology developed by CERN, the European physics research institute notorious for running projects like the Large Hadron Collider (LHC). For the partnership between ownCloud and the Australian University to make any sense, oCIS needed to be tied to the existing on-premises storage solution of the institute. Read on
In January of 2021 I attended Predictions 21, an online event organized by Forrester Research. “Faced with the pandemic, firms did things that once seemed impossible - sometimes overnight,” said Forrester last year, adding that “2021 will be the year that every company - not just the 15% of firms that were already digitally savvy - doubles down on technology-fueled experiences, operations, products, and ecosystems.” Earlier this year I attended Predictions 22, and was particularly curious to see how things had changed in the intervening year. “Disruptive Forces Necessitate Bold Decisions,” was the overriding message in this year’s event guide. “The old ways of working no longer work. The future is up for grabs. Leading firms will use the crucibles of 2020 and 2021 to forge a path to an agile, creative, and resilient tomorrow.”
This is a weekly report from the CPE (Community Platform Engineering) Team. If you have any questions or feedback, please respond to this report or contact us on #redhat-cpe channel on libera.chat (https://libera.chat/).
Over the past two years, IT leaders have been tasked with juggling innovation to keep business operations running efficiently – all at breakneck speed while collaborating with external partners. CIOs must also collaborate with internal stakeholders to manage the risks. As business models and customer interactions have shifted to digital platforms, technology management has also changed to allow employees to remain productive in this new environment. Organizations today have a diverse and truly globalized workforce and must consider different cultures, time zones, and currencies. Many employees also struggle with challenges such as balancing the demands of work and family, dealing with a more solitary work environment, and more – all of which affect mental health and work performance.
Software development is continuous and constantly changing. As a result, modern developers may feel “always on,” with little downtime to recharge. A study from Haystack found that 83 percent of software developers suffer from workplace burnout. It’s no secret that the pandemic increased feelings of burnout, but other variables exacerbate these feelings as well. The top reasons developers cited in the study for burnout included high workload (47 percent), inefficient processes (31 percent), and unclear goals or targets (29 percent). Developer experience (DevEx) refers to the overall interactions and feelings that a developer experiences when working toward a goal. It can play a critical role in curating positive experiences for both developers and end users. A frictionless developer experience that uncomplicates processes and helps prevent developer burnout is vital.
MangoPi has officially launched their second RISC-V mini PC after unveiling it earlier this year. The MangoPi MQ Pro measures just 65 x 30mm and is available with either 512MB or 1GB of DDR3L memory and is equipped with 2 x USB Type-C ports, 1 x mini HDMI 1.4 port, 1 x microSD card reader plus a 40-pin GPIO header compatible with Raspberry Pi boards. The mini PC also supports Bluetooth 4.2 and Wi-Fi 4 connectivity. The MangoPi MQ Pro is the company second mini PC powered by a RISC-V processor and follows on from the tiny MangoPi MQ powered by a Allwinner D1s processor supported by 64MB of RAM and featuring 2 x USB-C ports, 1 x microSD card reader, WiFi and Bluetooth.
Follow the site via RSS/Twitter.
Twitter:
Help Support TM Wall of Appreciation
More on Tux Machines: About ● Gallery ● Forum ● Blogs ● Search ● News ● RSS Feed
Part of Bytes Media ● Sister sites below.
Content available under CC-BY-SA
© by original authors Powered by CentOS 6.5 (GNU/Linux), Varnish, and Drupal 6 | http://www.tuxmachines.org/node/168040 | 2022-08-05T11:13:51Z | http://www.tuxmachines.org/node/168040 | true |
330 Bitcoin mined, bringing reserves to 7,736
TORONTO, Aug. 5, 2022 /PRNewswire/ - Hut 8 Mining Corp. (Nasdaq: HUT) (TSX: HUT), ("Hut 8" or the "Company") one of North America's largest, innovation-focused digital asset mining pioneers and high performance computing infrastructure provider, increased its Bitcoin holdings by 330 in the period ending July 31. Hut 8 now has 7,736 Bitcoin in its holdings.
- 330 Bitcoin were generated, resulting in an average production rate of 10.61 Bitcoin per day
- Our Ethereum mining – for which we receive payment in Bitcoin – generated approximately 10.7% of our total production
- Keeping with our longstanding HODL strategy, 100% of the self-mined Bitcoin in July were deposited into custody
- Total Bitcoin balance held in reserve is 7,736 as of July 31, 2022
- Installed operating capacity was 2.92 EH/s at the end of the month
- Hut 8 produced 113.01 BTC/EH in July
- Monthly shipments of MicroBT miners continue to arrive as scheduled and are being installed in real time
- A severe thunderstorm on July 18 interrupted the power supply to the Medicine Hat mine and surrounding area – site infrastructure and equipment were not damaged – and power was restored on July 23
- Hut 8's high-performance computing business, which is not correlated to Bitcoin or Bitcoin mining, continues to grow: we recently signed Foundry as a cloud services client
"We continued to deliver results, growing our stack to 7,736 Bitcoin – one of the largest holdings globally – by mining efficiently," said Jaime Leverton, CEO. "At the same time, we continue to focus on growing the uncorrelated recurring revenue within our high performance computing business and are thrilled to welcome Foundry aboard as a cloud services customer in our Mississauga data centre."
Hut 8 is one of North America's largest innovation-focused digital asset miners, led by a team of business-building technologists, bullish on bitcoin, blockchain, Web 3.0 and bridging the nascent and traditional high performance computing worlds. With two digital asset mining sites located in Southern Alberta and a third site in North Bay, Ontario, all located in Canada, Hut 8 has one of the highest capacity rates in the industry and one of the highest inventories of self-mined Bitcoin of any crypto miner or publicly-traded company globally. With 36,000 square feet of geo-diverse data centre space and cloud capacity connected to electrical grids powered by significant renewables and emission-free resources, Hut 8 is revolutionizing conventional assets to create the first hybrid data centre model that serves both the traditional high performance compute (Web 2.0) and nascent digital asset computing sectors, blockchain gaming, and Web 3.0. Hut 8 was the first Canadian digital asset miner to list on the Nasdaq Global Select Market. Through innovation, imagination, and passion, Hut 8 is helping to define the digital asset revolution to create value and positive impacts for its shareholders and generations to come.
This press release includes "forward-looking information" and "forward-looking statements" within the meaning of Canadian securities laws and United States securities laws, respectively (collectively, "forward-looking information"). All information, other than statements of historical facts, included in this press release that address activities, events or developments that the Company expects or anticipates will or may occur in the future, including such things as future business strategy, competitive strengths, goals, expansion and growth of the Company's businesses, operations, plans and other such matters is forward-looking information. Forward-looking information is often identified by the words "may", "would", "could", "should", "will", "intend", "plan", "anticipate", "allow", "believe", "estimate", "expect", "predict", "can", "might", "potential", "predict", "is designed to", "likely" or similar expressions. In addition, any statements in this press release that refer to expectations, projections or other characterizations of future events or circumstances contain forward-looking information and include, among others, statements regarding: Bitcoin and Ethereum network dynamics; the Company's ability to advance its longstanding HODL strategy; the Company's ability to produce additional Bitcoin and maintain existing rates of productivity at all sites; the Company's ability to deploy additional miners; the Company's ability to continue mining digital assets efficiently; the Company's expected recurring revenue and growth rate from its high performance computing business; and the Company's ability to successfully navigate the current market.
Statements containing forward-looking information are not historical facts, but instead represent management's expectations, estimates and projections regarding future events based on certain material factors and assumptions at the time the statement was made. While considered reasonable by Hut 8 as of the date of this press release, such statements are subject to known and unknown risks, uncertainties, assumptions and other factors that may cause the actual results, level of activity, performance or achievements to be materially different from those expressed or implied by such forward-looking information, including but not limited to, security and cybersecurity threats and hacks, malicious actors or botnet obtaining control of processing power on the Bitcoin or Ethereum network, further development and acceptance of Bitcoin and Ethereum networks, changes to Bitcoin or Ethereum mining difficulty, loss or destruction of private keys, increases in fees for recording transactions in the Blockchain, erroneous transactions, reliance on a limited number of key employees, reliance on third party mining pool service providers, regulatory changes, classification and tax changes, momentum pricing risk, fraud and failure related to cryptocurrency exchanges, difficulty in obtaining banking services and financing, difficulty in obtaining insurance, permits and licenses, internet and power disruptions, geopolitical events, uncertainty in the development of cryptographic and algorithmic protocols, uncertainty about the acceptance or widespread use of cryptocurrency, failure to anticipate technology innovations, the COVID19 pandemic, climate change, currency risk, lending risk and recovery of potential losses, litigation risk, business integration risk, changes in market demand, changes in network and infrastructure, system interruption, changes in leasing arrangements, and other risks related to the cryptocurrency and data centre business. For a complete list of the factors that could affect the Company, please see the "Risk Factors" section of the Company's Annual Information Form dated March 17, 2022, and Hut 8's other continuous disclosure documents which are available on the Company's profile on the System for Electronic Document Analysis and Retrieval at www.sedar.com and on the EDGAR section of the U.S. Securities and Exchange Commission's website at www.sec.gov.
These factors are not intended to represent a complete list of the factors that could affect Hut 8; however, these factors should be considered carefully. There can be no assurance that such estimates and assumptions will prove to be correct. Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking statements prove incorrect, actual results may vary materially from those described in this press release as intended, planned, anticipated, believed, sought, proposed, estimated, forecasted, expected, projected or targeted and such forward-looking statements included in this press release should not be unduly relied upon. The impact of any one assumption, risk, uncertainty, or other factor on a particular forward-looking statement cannot be determined with certainty because they are interdependent and Hut 8's future decisions and actions will depend on management's assessment of all information at the relevant time. The forward-looking statements contained in this press release are made as of the date of this press release, and Hut 8 expressly disclaims any obligation to update or alter statements containing any forward-looking information, or the factors or assumptions underlying them, whether as a result of new information, future events or otherwise, except as required by law.
View original content to download multimedia:
SOURCE Hut 8 Mining Corp | https://www.wafb.com/prnewswire/2022/08/05/hut-8-mining-production-operations-update-july-2022/ | 2022-08-05T11:17:26Z | https://www.wafb.com/prnewswire/2022/08/05/hut-8-mining-production-operations-update-july-2022/ | false |
DALLAS (AP) — Former NBA player Iman Shumpert was arrested at the Dallas Fort Worth International Airport last weekend for allegedly trying to bring six ounces of cannabis through security.
The police report from the DFW Airport Department of Public Safety shows police were called to a TSA checkpoint at about 3:40 p.m. on Saturday, July 30 and told there was a “sizeable amount of marijuana” found.
The police report says Shumpert told officers that the bag contained marijuana and “asked if there was any way he could make his flight” to Los Angeles, where he was supposed to pick up his daughter. He has two daughters with entertainer Teyana Taylor.
Shumpert was told no, arrested for felony possession of marijuana and taken to the airport jail. The Tarrant County Criminal Courts system didn’t have information about a court case.
The report says Shumpert also had a magazine with 14 rounds in his backpack but no gun was found. A contact for Shumpert, his agent or a lawyer was not immediately available.
Shumpert won an NBA championship with the Cleveland Cavaliers in 2016. He also played for the New York Knicks, Sacramento Kings, Houston Rockets and Brooklyn Nets. He was waived by the Nets in 2021.
___
More AP NBA: https://apnews.com/hub/NBA and https://twitter.com/AP_Sports | https://pix11.com/sports/ap-sports/iman-shumpert-arrested-at-texas-airport-for-pot-possession/ | 2022-08-05T11:19:43Z | https://pix11.com/sports/ap-sports/iman-shumpert-arrested-at-texas-airport-for-pot-possession/ | true |
Español
Italiano
Français
My Account
My Account
Notifications
Log In
QQQ
–
–%
DIA
–
–%
SPY
–
–%
TLT
–
–%
GLD
–
–%
BTC/USD
–
–%
Data & APIs
Events
Marketfy
Premarket
Contribute
Español
Italiano
Français
Sign in
News
Earnings
Guidance
Dividends
M&A
Buybacks
Legal
Interviews
Management
Retail Sales
Offerings
IPOs
Insider Trades
Biotech/FDA
Freight
Politics
Government
Healthcare
Markets
Pre-Market
After Hours
Movers
ETFs
Forex
Cannabis
Commodities
Options
Binary Options
Bonds
Futures
CME Group
Global Economics
Previews
Small-Cap
Cryptocurrency
Penny Stocks
Digital Securities
Ratings
Analyst Color
Downgrades
Upgrades
Initiations
Price Target
Ideas
Trade Ideas
Long Ideas
Short Ideas
Technicals
From The Press
Jim Cramer
Rumors
Best Stocks & ETFs
Best Penny Stocks
Best S&P 500 ETFs
Best Swing Trade Stocks
Best Blue Chip Stocks
Best High-Volume Penny Stocks
Best Small Cap ETFs
Fintech
News
Podcast
Personal Finance
Compare Online Brokers
Stock Brokers
Forex Brokers
Futures Brokers
Crypto Brokers
Options Brokers
ETF Brokers
Mutual Fund Brokers
Index Fund Brokers
Bond Brokers
Short Selling Brokers
Stock Apps
All Broker Reviews
Insurance
Auto
Home
Medicare
Life
Vision
Dental
Business
Pet
Health
Motorcycle
Renters
Workers Comp
Top Stocks
Penny Stocks
Stocks Under $5
Stocks Under $10
Stocks Under $20
Stocks Under $50
Stocks Under $100
Alternative Investing
Invest in Art
Invest in Land
Invest in Real Estate
Invest in Wine
Invest in Gold
Mortgages
Refinance
Purchase
Find a Mortgage Broker
Alts
Best Real Estate Crowdfunding Platforms
REITs Versus Crowdfunding
How to Invest in Artwork
Best Alternative Investments
Best Alternative Investment Platforms
Crypto
Get Started
Is Bitcoin a Good Investment?
Is Ethereum a Good Investment?
What is Blockchain
Best Altcoins
How to Buy Cryptocurrency?
DeFi
Crypto and DeFi 101
What is DeFi?
Decentralized Exchanges
Best DeFi Yield Farms
Digital Securities
NFTs
NFT Release Calendar
What is a Non-Fungible Token (NFT)?
How to Buy Non-Fungible Tokens (NFTs)
CryptoPunks Watchlist
Are NFTs a Scam or a Digital Bubble?
Best In Crypto
Best Crypto Apps
Best Crypto Portfolio Trackers
Best Crypto Day Trading Strategies
Best Crypto IRA
Best Cryptocurrency Scanners
Best Business Crypto Accounts
Best Crypto Screeners
Cannabis
News
Earnings
Interviews
Deals
Regulations
Psychedelics
TV
Watch
YouTube
Podcasts
Trading School
Personal Finance
Compare Online Brokers
Stock Brokers
Forex Brokers
Futures Brokers
Crypto Brokers
Options Brokers
ETF Brokers
Mutual Fund Brokers
Index Fund Brokers
Bond Brokers
Short Selling Brokers
Stock Apps
All Broker Reviews
Insurance
Auto
Home
Medicare
Life
Vision
Dental
Business
Pet
Health
Motorcycle
Renters
Workers Comp
Top Stocks
Penny Stocks
Stocks Under $5
Stocks Under $10
Stocks Under $20
Stocks Under $50
Stocks Under $100
Alternative Investing
Invest in Art
Invest in Land
Invest in Real Estate
Invest in Wine
Invest in Gold
Mortgages
Refinance
Purchase
Find a Mortgage Broker
Alts
Best Real Estate Crowdfunding Platforms
REITs Versus Crowdfunding
How to Invest in Artwork
Best Alternative Investments
Best Alternative Investment Platforms
Crypto
Get Started
Is Bitcoin a Good Investment?
Is Ethereum a Good Investment?
What is Blockchain
Best Altcoins
How to Buy Cryptocurrency?
DeFi
Crypto and DeFi 101
What is DeFi?
Decentralized Exchanges
Best DeFi Yield Farms
Digital Securities
NFTs
NFT Release Calendar
What is a Non-Fungible Token (NFT)?
How to Buy Non-Fungible Tokens (NFTs)
CryptoPunks Watchlist
Are NFTs a Scam or a Digital Bubble?
Best In Crypto
Best Crypto Apps
Best Crypto Portfolio Trackers
Best Crypto Day Trading Strategies
Best Crypto IRA
Best Cryptocurrency Scanners
Best Business Crypto Accounts
Best Crypto Screeners
Cannabis
News
Earnings
Interviews
Deals
Regulations
Psychedelics
TV
Watch
YouTube
Podcasts
Trading School
My Stocks
Tools
Calendars
Analyst Ratings Calendar
Dividend Calendar
Conference Call Calendar
Earnings Calendar
Economic Calendar
FDA Calendar
Guidance Calendar
IPO Calendar
M&A Calendar
Retail Sales Calendar
SPAC Calendar
Stock Split Calendar
Trade Ideas
Insider Trades
Trade Idea Feed
Analyst Ratings
Unusual Options Activity
Heatmaps
Short Interest
Most Shorted
Largest Increase
Largest Decrease
Calculators
Margin Calculator
100x Options Profit Calculator
Premium
QQQ
–
–%
DIA
–
–%
SPY
–
–%
TLT
–
–%
GLD
–
–%
BTC/USD
–
–%
UNITED PARCEL SERVICE INC Quarterly Report (Form10)
Accepted:
Form Type:
10-Q
Accession Number:
0001090727-22-000034 | https://www.benzinga.com/secfilings/22/08/28342201/united-parcel-service-inc-quarterly-report-form10 | 2022-08-05T11:21:39Z | https://www.benzinga.com/secfilings/22/08/28342201/united-parcel-service-inc-quarterly-report-form10 | false |
Great coaches spurred Dick Vermeil but John Wooden’s advice fueled Hall-of-Fame career
Dick Vermeil, who Saturday will be enshrined in the Pro Football Hall of Fame, considers himself a connoisseur of coaches.
He worked with so many greats during his 46 years in football, among them 29 who either had been, were currently or would become NFL head coaches. Three of those wound up in Canton — Sid Gillman, George Allen and Bill Walsh.
But one of the most influential coaches in shaping Vermeil was merely an observer of football — a fan, not someone who devoted his life to the game.
It was John Wooden, who was just wrapping up his legendary career as UCLA’s basketball coach when Vermeil was the Bruins’ head football coach in 1974 and ’75.
“I tried to spend as much time around him as I could without bothering him,” said Vermeil, 85, who also was a UCLA assistant coach in 1970. “I actually brought coaches into his staff meetings so they could watch them too.”
Wooden taught Vermeil some enduring life lessons.
“The glaring thing that happened, and it reinforced my thinking for the rest of my career, is one day I stopped in to see him, sat in a chair in his office, and he said, `You’re looking down,’ ” Vermeil recalled. “I said, `Well, I just lost a couple of good players to USC.’
“He told me, `Listen here, coach. USC is always going to have better players. Don’t worry about that. You just make sure you make every player on your roster the best he can possibly be, and everything else will take care of itself.’ ”
From anyone else, that might have been a platitude the minute Vermeil walked away. But that it came from Wooden, whose teams won 10 national championships in a 12-year period, made those words droplets of gold to a young and impressionable football coach.
“From that time on, with every job that I’ve had, that’s been a foundation statement that rings in my mind,” Vermeil said. “I coached by it.”
The two struck up a friendship that lasted throughout Vermeil’s career, which included stops with the Los Angeles and St. Louis Rams — including a Lombardi Trophy — the Philadelphia Eagles and Kansas City Chiefs, and into his retirement.
Tony Boselli Jr. will be enshrined in the Pro Football Hall of Fame on Saturday with thoughts of his deceased father, Tony, an inspiration for a great USC, Jacksonville Jaguars player.
“After I was done with coaching, I remember going over to have breakfast with him, then going back to his condo,” Vermeil said. “We talked as friends, philosophy. I still have my notes of my meetings with him, and I may even have recordings from those meetings we had with our coaches.”
That’s a hallmark of Vermeil’s coaching career; he was a sponge, always looking to learn and grow and improve. He had a 15-year hiatus from coaching, from when he retired as coach of the Eagles at the end of the 1982 season until he became head coach of the St. Louis Rams in 1997 — something of a reunion, as he had been an L.A. Rams assistant coach in the early 1970s.
During those 15 years, he wasn’t truly away from football. He worked as a sports commentator for CBS and ABC, and stayed very up-to-date in the game.
“One of the things that really helped me was I was on the field with a real good football coach every weekend,” he said. “When I’d come into a team, I’d get an open door. I’d sit in coordinators’ meetings, head coaches’ meetings.”
As a former head coach, Vermeil was a member of the club. He got access where others from the TV world simply didn’t.
“I’d be with Bill Parcells in his first year,” he said. “Then I walk on the field and spend a whole day with Don Shula, going to practices, team meetings. Lousy facility. You talk about a general? I’d describe him as Eisenhower or MacArthur or Patton. Probably a combination of the three.”
He said he worked so many Washington games during his TV career, he felt as if he were on the staff of Hall of Famer Joe Gibbs. Then, there were the college coaches.
“Tommy Prothro was a brilliant man,” Vermeil said of the UCLA coach who appointed him offensive coordinator in 1970. “He created a great environment for coaches to coach in. I got to work with Chuck Knox, and he said something to me that stuck with me for the rest of my career.
“One day I came off the field and I was complaining about what my running backs couldn’t do. And Chuck said, `Listen, Vermeil. If they could already do all those things you’re complaining they can’t do, I wouldn’t need you to coach them.’ ”
Asked if there were a coach he wished he could have worked alongside, Vermeil said he would have loved to have been an assistant on Tom Coughlin’s staff.
“I watched him coach Boston College,” Vermeil said. “He leaves college football, takes over an expansion franchise in the NFL [Jacksonville] and takes them to the conference championship game right away.”
Cleveland Browns quarterback Deshaun Watson received a only six-game suspension from a disciplinary officer for violating the NFL personal conduct policy.
Hall of Fame quarterback Kurt Warner, who helped guide St. Louis to that Super Bowl victory in the 1999 season, said he marvels at the way Vermeil left coaching for 15 years then seamlessly transitioned back into the job with an entirely new generation of players.
“Knowing what he did in Philly, and then knowing the adjustments he had to make when he came back a decade-and-a-half later, he changed the style in which he coached,” Warner said. “His ability to deal with the new-age player, and to have the success he had, just speaks volumes about Dick Vermeil.”
As for Vermeil, he would love to be able to speak volumes from the lectern Saturday. But, as with the other inductees, he’s limited to eight minutes. That’s a tall order for someone whose thank-you list is as long as the rolling credits in “Star Wars.” On top of that, he’s famous for the emotions that well in him and the tears that so easily fill his eyes.
“In my presentation, I put thanking my family at the end because I may not be able to get through it,” he said. “I think I’ll be able to get through the first part.”
He might have to pause a bit. But of all people, Vermeil — he of the 15-year hiatus — understands how to come back and finish strong.
As Wooden might advise him, he’ll be quick but won’t hurry.
Get our high school sports newsletter
Prep Rally is devoted to the SoCal high school sports experience, bringing you scores, stories and a behind-the-scenes look at what makes prep sports so popular.
You may occasionally receive promotional content from the Los Angeles Times. | https://www.latimes.com/sports/story/2022-08-05/dick-vermeil-pro-football-hall-of-fame-ucla-john-wooden-rams | 2022-08-05T11:27:42Z | https://www.latimes.com/sports/story/2022-08-05/dick-vermeil-pro-football-hall-of-fame-ucla-john-wooden-rams | false |
NEW YORK, Aug. 5, 2022 /PRNewswire/ -- Integral Ad Science Holding Corp. (Nasdaq: IAS), a global leader in digital media quality, announced today that Lisa Utzschneider, CEO, will participate in a fireside chat at the Oppenheimer 25th Annual Technology, Internet & Communications Conference on Wednesday, August 10th at 11:35 a.m. ET. The fireside chat will be available via live webcast and archived replay on the IAS investor relations website: https://investors.integralads.com/
About Integral Ad Science
Integral Ad Science (IAS) is a global leader in digital media quality. IAS makes every impression count, ensuring that ads are viewable by real people, in safe and suitable environments, activating contextual targeting, and driving supply path optimization. Our mission is to be the global benchmark for trust and transparency in digital media quality for the world's leading brands, publishers, and platforms. We do this through data-driven technologies with actionable real-time signals and insight. Founded in 2009 and headquartered in New York, IAS works with thousands of top advertisers and premium publishers worldwide. For more information, visit integralads.com .
Investor Contact:
Jonathan Schaffer / Lauren Hartman
ir@integralads.com
Media Contact:
press@integralads.com
View original content to download multimedia:
SOURCE Integral Ad Science, Inc. | https://www.kalb.com/prnewswire/2022/08/05/ias-participate-oppenheimer-25th-annual-technology-internet-amp-communications-conference/ | 2022-08-05T11:28:50Z | https://www.kalb.com/prnewswire/2022/08/05/ias-participate-oppenheimer-25th-annual-technology-internet-amp-communications-conference/ | false |
GROSSE POINTE, MI – They are band of baseball-minded boys, of that there is no doubt.
But the Grosse Pointe Farms-City Little League all-stars prove you don’t need to be all-baseball, all-the-time to thrive in America’s pastime.
“It’s a baseball bunch,” Farms-City coach Terry Brennan said. “But there are some football players, some basketball players and a few who would rather be on a hockey rink than a baseball field. Some live and breathe baseball, some live and breathe hockey. But they’re all thinking baseball when they’re on the field.
“I’ve got a team of athletes and they love to compete. They’re competing in some game on their iPhones as we speak. Anything they can do to compete, they’ll do it.”
That athletic and competitive mixture helped make Farms-City the best team of 12-year-olds in Michigan this summer as they captured the Little League Major Baseball state championship. Now they represent their entire state when they compete in the Great Lakes Regional, one step removed from the famed Little League World Series.
Farms-City ventures to Whitestown, Indiana for the modified double-elimination tournament that features state champions from Michigan, Ohio, Indiana, Kentucky and Illinois. Farms-City takes on Hagerstown, Indiana at 7 p.m. Saturday in its regional opener.
The Michigan state champion has gone on to win three of the past four Great Lakes Regional titles, including last season’s Taylor North squad that became the first Michigan team to win the Little League World Series since 1959.
Farms-City is on the right path after outdueling this year’s Taylor North squad 4-3 in a dramatic state final last week. In fact, this Farms-City squad has shown it knows how to win by claiming a series of tournament titles the past two years.
“They’re battle-tested,” Brennan said.
“One thing about this group is they stay positive. They know it’s a six-inning game. If they get down early, there are 18 outs to work with and they won’t give up until the last out.”
Farms-City showed that by twice coming from behind during state tournament play, including the state final when Taylor North’s first batter of the game socked a home run. They’ve finished on the plus side in every Little League game this season while rolling to district and state titles.
As a result, they joined the Grosse Pointe Farms-City squads of 1995, 2002 and 2009 among the program’s all-time Major Baseball state champions. Farms-City also claimed the 10-and-under state title this summer as the program finds itself on a roll.
Now they prepare to hit the big time on the grand stage of the Great Lakes Regional. Not only do they play in a sparkling new complex that opened one year ago, all games are being live-streamed by ESPN-Plus. The semifinal games are scheduled for live broadcast on ESPN with the championship game airing live on ESPN2 at 5 p.m. Wednesday.
“They’re all pumped for the chance to go to Williamsport,” Brennan said. “We can only drink Gatorade products in the dugouts, and they think that’s pretty cool. They’re feeling like they’re at the pro level and they’ve got sponsors.”
The 11-player roster features Jack Babcock, Tommy Brennan, Brady Cooper, Henry Danielewicz, Henry Getz, Merritt Huebner, Ethan Morgan, Alex Nicholson, Dylan Phillips, Cayden Wortman and Cole Wortman.
Farms-City is confident in its pitching corps. Brennan said the staff doesn’t really feature a dominant ace but has plenty of strong arms that can get the job done at a high level.
“We have good depth on our team,” he said. “We have eight kids we roll out there who we trust at any point in the game. We know we can put any of them in there and they’ll throw strikes and get outs.”
Brennan said his team features a versatile lineup, one that can get the job done flying around the bases one single at a time or by connecting on the long ball. But defense just might be its strong suit after its flawless performance in the field loomed large in a one-run state final.
“Defensively, we’re pretty good. At the same time, they’re 12, so you never know what can happen,” Brennan said. “You have to expect physical errors, it’s the mental errors that we don’t like. If we keep the mental mistakes to a minimum, we’ll give ourselves a chance every game.”
The Great Lakes Regional champion advances to historic Williamsport, Pennsylvania for the Little League World Series. This year’s squad is hoping to become the first from Farms-City to reach the final destination.
LITTLE LEAGUE BASEBALL
GREAT LAKES REGIONAL
At Whitestown, Indiana
Saturday, Aug. 6
1: Hinsdale (Illinois) vs. London North Laurel (Kentucky), 10 a.m.
2: Hagerstown (Indiana) vs. Grosse Pointe Farms-City (Michigan), 7 p.m.
Sunday, Aug. 7
3: Game 1 winner vs. Hamilton West Side (Ohio), 4 p.m.
4: Game 1 loser vs. Game 2 loser, 7 p.m.
Monday, Aug. 8
5: Game 4 winner vs. Game 3 loser, 1 p.m.
6: Game 2 winner vs. Game 3 winner, 7 p.m. (ESPN)
Tuesday, Aug. 9
7: Game 6 loser vs. Game 5 winner, 3 p.m. (ESPN)
Wednesday, Aug. 10
8: Game 6 winner vs. Game 7 winner, 5 p.m. (ESPN2)
Winner advances to Little League World Series
RELATED READING
Grosse Pointe Farms-City dethrones World champions for state title
Resilient Grosse Pointe Farms-City bounces back to win 10U state title
Greater Bay does it again, wins Little League 11U state title over Rockford | https://www.mlive.com/sports/2022/08/little-league-state-champion-now-sets-sights-on-great-lakes-regional-crown.html | 2022-08-05T11:31:45Z | https://www.mlive.com/sports/2022/08/little-league-state-champion-now-sets-sights-on-great-lakes-regional-crown.html | false |
Washington (AP) — Reining in the soaring prices of insulin has thus far been elusive in Congress, although Democrats say they’ll try again — as part of their economic package that focuses on health and climate.
The price of the 100-year-old drug has more than tripled in the last two decades, forcing the nation’s diabetics to pay thousands of dollars a year for the life-saving medication. Democrats are considering capping the cost of that drug for at least some, although it’s unclear what the final proposal will look like and how many insulin users will get a price break.
Here’s a look at how insulin became so expensive and why it’s so difficult to bring the price of the drug down.
HOW MANY PEOPLE IN THE U.S. USE INSULIN AND FOR WHAT?
Roughly 8.4 million Americans use insulin, according to the American Diabetes Association. Not everyone who has diabetes needs insulin, but for those who do, it’s an important medication. For more than 1 million of those people with type 1 diabetes, regular access to the medication is a necessity and they will die without it.
“People require insulin, it’s not an option and nobody should have to decide between life-sustaining medication or food and rent,” said Dr. Robert Gabbay, the chief scientific and medical officer for the American Diabetes Association.
Insulin also helps control glucose levels for patients with other forms of diabetes. Some insulin users have rationed the drug because of its expense and risk numerous health complications as a result.
HOW EXPENSIVE IS INSULIN?
The price varies.
Some people on private insurance pay hundreds of dollars monthly for the drug. For most Medicare beneficiaries, the average out-of-pocket cost per insulin prescription was $54 in 2020 — an increase of nearly 40% since 2007, a study released last month by the Kaiser Family Foundation found. Others live in one of 22 states where the copay for a 30-day supply has been capped between $25 to $100.
The cost has led some to use less insulin than their doctor prescribes or postpone paying for other medical care.
WHY IS INSULIN SO EXPENSIVE?
Only three manufacturers — Eli Lilly, Novo Nordisk and Sanofi — produce insulin, allowing those companies to control much of the market.
“They’ve been historically raising their list prices for their respective products in lockstep with one another,” Dr. Jing Luo, a professor of medicine at the University of Pittsburgh, said. “There hasn’t been a lot of pricing pressure.”
And making a generic drug for insulin hasn’t been easy, with new manufacturers having to clear regulatory hurdles and questions over how a generic drug should be categorized, Luo added. A generic insulin is slated to come on the market in 2024 at no more than $30 a vial, which could drive down some of the price.
HOW DO DEMOCRATS PLAN TO CAP THE PRICE OF INSULIN?
That remains to be seen.
Senate Majority Leader Chuck Schumer has said some language that limits the price of insulin will be added to the economic bill, but it’s not clear what that price point will be and who all will be protected by that price cap.
Democrats had proposed a $35 monthly cap for those who get the drug through Medicare or private insurers as part of a bigger package that was derailed in the Senate. But it was left out of the scaled down package now headed for a congressional vote.
WHY IS THE COST OF INSULIN SO DIFFICULT TO CAP?
Capping the price of insulin will be very expensive.
Insulin is not only getting more expensive, but the number of people using it is also increasing.
A bipartisan bill proposed earlier this year that would cap insulin prices could cost about $23 billion over the next decade, according to estimates by the Congressional Budget Office. While the bill would reduce insulin costs for many consumers, it would drive up government costs and premiums charged by Medicare and private insurers, according to the office’s analysis.
And that’s one of the reasons why price caps can be controversial.
“If your health insurance company says, voluntarily, nobody who buys insulin in our plan will have to pay more than $25, the question is who is paying the balance of that?” Luo said. “That then means their cost will go up, which means they’ll raise premiums on everyone.” | https://cw33.com/news/nexstar-media-wire/why-is-insulin-so-expensive-and-the-cost-so-difficult-to-cap/ | 2022-08-05T11:34:17Z | https://cw33.com/news/nexstar-media-wire/why-is-insulin-so-expensive-and-the-cost-so-difficult-to-cap/ | true |
Click here to subscribe today or Login.
THE HAGUE, Netherlands (AP) — Representatives of Dutch farmers were meeting Friday with Prime Minister Mark Rutte and other Cabinet ministers to discuss the government’s nitrogen emissions reduction goals that have sparked in recent weeks.
But the prospect of success appeared slim, with two main activist farmers’ organizations demanding concessions and not attending because they have no trust in the veteran politician appointed to act as intermediary. They say the mediator, Johan Remkes, is not independent.
Rutte did not comment to reporters as he entered the meeting in the central city of Utrecht.
Farmers angry at the 50% by 2030 have blockaded supermarket distribution centers, parked tractors on highways and dumped garbage including manure and asbestos on roads in recent weeks.
Rutte has criticized what he said are small groups of farmers who he says have endangered others with the nature of their protests. “Willfully endangering others, damaging our infrastructure and threatening people who help clean up is beyond all limits,” he wrote on Twitter last week.
The government has been forced to act after courts in recent years began blocking permits for infrastructure and housing projects because the country was missing its emissions targets.
The government has earmarked an extra 24.3 billion euros ($25.6 billion) to finance agricultural reforms that will likely make many farmers drastically reduce their number of livestock or get rid of them altogether. Provincial authorities have been given a year to formulate plans to cut emissions.
Sjaak van der Tak, chairman of the main farmers’ lobby group LTO, said the talks were vital. LTO represents some 30,000 farms in the Netherlands.
“It is of enormous importance that we, together with the other agricultural parties, really expect something from this Cabinet,” Van der Tak said on his way into the talks.
LTO says there are nearly 54,000 agricultural businesses in the Netherlands with exports totaling 94.5 billion euros in 2019.
The Dutch minister responsible for nitrogen, Christianne van der Wal, said she had no expectations heading into the talks.
“First, listen,” she said. | https://www.timesleader.com/wire/nation-world/1568743/dutch-government-farmers-in-talks-on-emission-cut-targets | 2022-08-05T11:34:38Z | https://www.timesleader.com/wire/nation-world/1568743/dutch-government-farmers-in-talks-on-emission-cut-targets | true |
More than 60% of Maltese businesses raised their prices in the second quarter of this year, heaping further pressure on consumers dealing with a cost-of-living crisis.
The Central Bank of Malta described the development as "exceptional" and said it was the highest proportion of firms to raise their prices since its survey began last year.
It comes amid warnings from business leaders that they are facing spiralling costs that they fear will worsen in the coming months.
The percentage of firms that reported a rise in prices rose sharply to 63% between April to June, compared to 45% from the previous three months. Only 2% were able to drop their prices.
As expected, the surging price of raw materials was behind the price rise in almost all cases (91%), while higher transport costs were also an important factor in deciding to increase prices.
The increase in price rises was "most prominent" in the manufacturing sector, followed by the trade and construction and real estate sector, the report said.
A lower net share was observed in the services sector as half the companies increased selling prices while the remaining half kept prices unchanged.
Some 40% of businesses said they had increased their prices by 'a lot', while 23% said 'a little". No firm was able to significantly decrease its prices, of the 64 businesses interviewed.
Those who kept their prices unchanged did so either because their prices were already determined through long term contracts or through "sealed bid auctions" that forced them to absorb cost increases, the Bank said.
Insights gathered from the contacts during the second quarter suggest that most companies were impacted by the war in Ukraine, mostly by higher import prices.
The central bank said 77% of businesses reported that their costs have increased.
Investment plans continuing
In the second quarter, 92% of respondents to the central bank’s survey reported that investment plans continued as scheduled, up from 74% in the previous quarter.
At the same time, 42% of firms planned to hire staff, higher than 35% in the previous quarter.
In the second quarter of 2022, a total of 64 telephone/virtual meetings with leading non-financial corporations were conducted.
These include 17 manufacturing companies, 22 services-oriented companies, 14 wholesale and retail companies, and 11 construction and real estate companies, the central bank said.
Business conditions improve
Respondents reported an improvement in business conditions, with positive sentiment among firms hitting a high of 52%, up from 31% in the previous quarter.
During the quarter under review, 64% of firms stated that business conditions had improved over the past three months, up from 48% in the first quarter of the year.
The share of firms stating that business activity worsened dropped from 18% to 13%. The number of firms stating that business conditions remained unchanged also fell to 23%, down from 34% in the previous quarter.
Independent journalism costs money. Support Times of Malta for the price of a coffee.
Support Us | https://timesofmalta.com/articles/view/cost-pressures-leading-higher-prices-central-bank.972650 | 2022-08-05T11:35:51Z | https://timesofmalta.com/articles/view/cost-pressures-leading-higher-prices-central-bank.972650 | false |
Joining Microsoft, T-Mobile, Adobe, PayPal, and many others
ST. LOUIS, Aug. 5, 2022 /PRNewswire/ -- Balto, the leader in uniting contact center agents with AI for better conversations, today announced its inclusion in the Fast Company fourth annual Best Workplaces for Innovators list, honoring organizations and businesses that demonstrate a steadfast commitment to encouraging innovation at all levels. Balto was selected for creating an infrastructure for innovation that leads to breakthroughs.
Developed in collaboration with Accenture, the 2022 Best Workplaces for Innovators ranks winners from a variety of industries, including computer science, biotech, consumer packaged goods, nonprofit, education, financial services, cybersecurity, engineering, diversity, sustainability, B2B, and consumer products and services. Fast Company editors and Accenture researchers worked together to score nearly 1,500 applications, and a panel of eight eminent judges reviewed and endorsed the top companies. The 2022 awards feature workplaces from around the world.
"Frankly, without incredible people, nothing else matters," said COO and co-founder Chris Kontes. "Our job is to attract fantastic people, provide them with resources and trust, and let them be themselves. A self-sustaining innovation culture naturally follows."
Balto operates with an innovate-first philosophy, with several recent notable examples, among others:
- In 2021, Balto's engineering team created the "Hack-Pack," a program open to any employee interested in expanding their coding and software-developing skills.
- In early 2022, Balto's standalone academic research entity that provides market analysis for industry decision-makers, The Conversation Excellence Lab, was formed by a coalition of passionate Baltonians.
- In July 2022, Balto's engineering and product teams collaborated to expand Balto's core product for the Spanish-speaking market — a first in the real-time guidance market.
"This year's list of the Best Workplaces for Innovators recognizes organizations that have demonstrated a deep commitment to cultivating creativity across the board," says Brendan Vaughan, editor-in-chief of Fast Company. "In the face of powerful headwinds, these leaders and teams continue to spur innovation."
To see the complete list, go to: https://www.fastcompany.com/best-workplaces-for-innovators/list
Fast Company's Best Workplaces for Innovators issue (September 2022) is available online now, and the print issue will be on newsstands beginning August 16, 2022. Join the Best Workplaces for Innovators conversation using #FCBestWorkplaces.
Balto unites agents with AI to enable better conversations that deliver results. Top-performing contact centers trust Balto's real-time guidance enterprise solution to prevent missed sales opportunities, costly compliance mistakes, and negative customer experiences. Today, Balto has guided over 140 million calls, provided over 185 million real-time recommendations, and driven millions in increased revenue. Balto.ai
Fast Company is the only media brand fully dedicated to the vital intersection of business, innovation, and design, engaging the most influential leaders, companies, and thinkers on the future of business. Headquartered in New York City, Fast Company is published by Mansueto Ventures LLC, along with our sister publication Inc., and can be found online at www.fastcompany.com.
Accenture is a global professional services company with leading capabilities in digital, cloud and security. Combining unmatched experience and specialized skills across more than 40 industries, we offer Strategy and Consulting, Technology and Operations services and Accenture Song — all powered by the world's largest network of Advanced Technology and Intelligent Operations centers. Our 710,000 people deliver on the promise of technology and human ingenuity every day, serving clients in more than 120 countries. We embrace the power of change to create value and shared success for our clients, people, shareholders, partners and communities. Visit us at accenture.com.
View original content to download multimedia:
SOURCE Balto | https://www.kfyrtv.com/prnewswire/2022/08/05/balto-selected-fast-companys-fourth-annual-list-best-workplaces-innovators-united-states/ | 2022-08-05T11:36:25Z | https://www.kfyrtv.com/prnewswire/2022/08/05/balto-selected-fast-companys-fourth-annual-list-best-workplaces-innovators-united-states/ | true |
BROOKLYN HEIGHTS, Ohio (AP) _ GrafTech International Ltd. (EAF) on Friday reported second-quarter earnings of $115 million.
The Brooklyn Heights, Ohio-based company said it had net income of 44 cents per share.
The maker of graphite products posted revenue of $363.6 million in the period.
_____
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on EAF at https://www.zacks.com/ap/EAF | https://www.sfgate.com/business/article/GrafTech-Q2-Earnings-Snapshot-17353810.php | 2022-08-05T11:37:25Z | https://www.sfgate.com/business/article/GrafTech-Q2-Earnings-Snapshot-17353810.php | false |
Unbelievable finish for Waqa Blake and just like that, the Eels are right back in this!
It comes after a brilliant cut-out pass from Jake Arthur finds him on the right side of the field.
Blake dives towards the try line as a Manly defender approaches and somehow manages to ground it with his right hand with his whole body in the air.
"That is a crazy finish. What a great pass from Jake Arthur!" Andrew Johns exclaims on commentary for nine.
Brad Fittler is simply lost for words.
"Wow. That's pretty impressive," the Blues coach says.
Gutherson isn't able to drill the tough conversion kick as he attempts to get the ball to go right to left, so the Sea Eagles still lead. | https://wwos.nine.com.au/nrl/live-scores-2022-round-21-results-storm-titans-sea-eagles-eels-updates-kick-off-time-news/cccfb16b-8046-4f8f-99ba-d00652a13e10 | 2022-08-05T11:38:23Z | https://wwos.nine.com.au/nrl/live-scores-2022-round-21-results-storm-titans-sea-eagles-eels-updates-kick-off-time-news/cccfb16b-8046-4f8f-99ba-d00652a13e10 | false |
- Adjusted EBITDA(1),(2) of $279 million, in line with expectations, a decrease of 13% over the same period in 2021
- Free Cash Flow ("FCF")(1) of $145 million, or $0.54 per share, a decrease of $0.03 on a per-share basis compared to the same period in 2021
- Loss before income taxes of $22 million, a decrease of $94 million from the same period in 2021
- Net loss attributable to common shareholders of $80 million or $0.30 per share, compared to a loss of $0.04 per share for the same period in 2021
- Cash flow used in operating activities of $129 million, an increase of $209 million from same period in 2021
- Announced a 10-year contract extension, receipt of waiver from bondholders and commencement of rehabilitation plan at Kent Hills wind facilities
- Announced the 200 MW Horizon Hill wind project supplying Meta with renewable power under a long-term Power Purchase Agreement ("PPA")
- Secured capacity commitment extensions for three of the large industrial customers at the Sarnia cogeneration facility (one to 2031 and two to 2032)
- Reached agreement with BHP Nickel West to expand the Mount Keith 132kV transmission system in Western Australia
- Executed a long-term PPA for the remaining 30 MW of capacity at the Garden Plain wind project
- Added 325 MW to our renewable development pipeline in Canada and the United States
- Received an upgraded MSCI ESG Rating of 'A' from 'BBB'
- Announced a US$25 million investment in Energy Impact Partners Deep Decarbonization Frontier Fund 1
- Received a decision from the Court of Appeal upholding TransAlta's favourable force majeure arbitration decision
- In the year-to-date returned $18 million of capital to common shareholders through share buybacks of 1.4 million common shares
- Launched our new visual identity and "Energizing the Future" campaign
- Completed the conversion of elected Series C to Series D Preferred Shares which began trading on the TSX on June 30, 2022 under the symbol TA.PR.G
CALGARY, AB, Aug. 5, 2022 /PRNewswire/ - TransAlta Corporation ("TransAlta" or the "Company") (TSX: TA) (NYSE: TAC) today reported its financial results for the three and six months ended June 30, 2022.
"TransAlta delivered solid second quarter results for 2022. Our Alberta Electricity Portfolio performed as anticipated, despite higher natural gas prices and compressed market heat rates, demonstrating the value of our strategically diversified fleet in Alberta and its ability to generate cash flow under dynamic market conditions. Our Alberta Wind and Hydro segments led our results, benefiting from the higher pricing environment and stronger production. Our Alberta Gas segment had limited opportunity to benefit from higher power prices realized in the market as it was highly hedged during the quarter," said John Kousinioris, President and Chief Executive Officer. "The contributions from our new contracted assets at Windrise and North Carolina Solar and the exceptional results in our Energy Marketing segment further supported our financial results for the quarter as we continue to track towards the midpoint of our 2022 guidance."
Set out below are additional highlights from the quarter on TransAlta's business activities, including the Company's progress on advancing its Clean Electricity Growth Plan as well as details regarding the Company's financial performance and liquidity.
On June 2, 2022, TransAlta Renewables announced its rehabilitation plan for the Kent Hills wind facilities together with the execution of amended and extended contracts with New Brunswick Power Corporation ("NB Power") in respect of each of the Kent Hills 1, 2 and 3 wind facilities providing for an additional 10-year period to December 2045 and an effective 10 per cent reduction to the original contract prices from January 2023 through December 2033. In addition, both parties have agreed to work in good faith to evaluate the installation of a battery energy storage system at Kent Hills and to consider a potential repowering of Kent Hills at the end of life in 2045. The Company also obtained a waiver for the Kent Hills wind non-recourse bonds ("KH Bonds") from the project bond holders and entered into a supplemental indenture with the bond holders that facilitates the rehabilitation of the Kent Hills 1 and 2 wind facilities.
On April 5, 2022, TransAlta executed a long-term renewable energy PPA with a subsidiary of Meta Platforms Inc. ("Meta"), formerly known as Facebook, Inc., for 100 per cent of the generation from its 200 MW Horizon Hill wind project to be located in Logan County, Oklahoma. Under this agreement, Meta will receive both renewable electricity and environmental attributes from the Horizon Hill facility. The facility will consist of a total of 34 Vestas turbines with construction expected to begin in late 2022 and a target commercial operation date in the second half of 2023. TransAlta will construct, operate and own the facility. Total construction capital is estimated between US$290 million and US$310 million and is expected to be financed with a combination of existing liquidity and tax equity financing. Over 90 per cent of project costs are fixed under executed turbine supply agreements and engineering, procurement and construction agreements. The project is expected to generate average annual EBITDA between US$27 million and US$30 million, inclusive of production tax credits.
During the second quarter of 2022, the Company executed contract extensions for the supply of electricity and/or steam with the remaining three of its industrial customers at the Sarnia cogeneration facility. These agreements will extend the delivery term for electricity and/or steam from Dec. 31, 2022 to April 30, 2031, in one case, and to Dec. 31, 2032, for the other two, with all agreements being subject to certain conditions, including the Company entering into a new contract with the Ontario Independent Electricity System Operator (the "IESO"). The current contract with the IESO, in respect of the Sarnia cogeneration facility expires on Dec. 31, 2025. On July 19, 2021, the IESO released its Annual Acquisition Report, which included draft details for medium- and long-term procurement mechanisms for capacity for 2026 and beyond for existing and new generation. The Company has bid into the procurement process developed by the IESO and is seeking to secure a contract extension for the Sarnia cogeneration facility following the end of the current contract term. The Company expects the IESO to announce the successful bids in the third quarter of 2022.
On May 3, 2022, TransAlta Renewables exercised its option to acquire an economic interest in the expansion of the Mount Keith 132kV transmission system in Western Australia, to support the Northern Goldfields-based operations of BHP Nickel West ("BHP"). Total construction capital is estimated at between AU$50 million and AU$53 million. Southern Cross Energy, a subsidiary of the Company, has entered into an engineering, procurement and construction agreement for the expansion. The project is being developed under the existing PPA with BHP, which has a term of 15 years. It is expected to be completed in the second half of 2023 and will generate annual EBITDA in the range of AU$6 million to AU$7 million. The project will facilitate the connection of additional generating capacity to our network to support BHP's operations and increase their competitiveness as a supplier of low-carbon nickel.
During the second quarter of 2022, the Company entered into a long-term PPA for the remaining 30 MW of renewable electricity and environmental attributes at the Garden Plain wind project in Alberta with a new investment-grade globally recognized customer. The 130 MW Garden Plain wind project, which was announced in May 2021 with a 100 MW PPA contracted to Pembina Pipeline Corporation ("Pembina"), is now fully contracted with a weighted average contract life of approximately 17 years. Construction is underway with a target commercial operation date in the second half of 2022.
During the second quarter of 2022, TransAlta identified Amazon Energy LLC ("Amazon") as the customer for the 300 MW White Rock Wind projects, to be located in Caddo County, Oklahoma. On Dec. 22, 2021, Amazon and TransAlta entered into two long-term PPAs for the supply of 100 per cent of the generation from the projects. Construction is expected to begin in the second half of 2022 with a target commercial operation date in the second half of 2023.
During the second quarter of 2022, The Company has entered into a commitment to invest US$25 million over the next four years in EIP's Deep Decarbonization Frontier Fund 1 (the "Frontier Fund") that will invest in early-stage, innovative technology companies that will accelerate the transition to net-zero greenhouse gas emissions. TransAlta's investment in the Frontier Fund provides the Company with the opportunity to identify, pilot, commercialize and bring to market emerging technologies that will support its decarbonization goals.
During the second quarter of 2022, TransAlta's MSCI ESG Rating was upgraded to 'A' from 'BBB'. The upgrade reflects the Company's strong renewable energy growth compared to peers. In 2021, the Company grew its installed renewable energy capacity by 15 per cent through acquisition and construction of solar and wind facilities and secured 600 MW in additional renewable energy projects. In line with its goal to reduce carbon emissions by 75 per cent from 2015 emissions levels by 2026, TransAlta also completed coal-to-gas conversions of its Canadian coal-fired facilities in 2021, nine years ahead of Alberta's coal phase-out plan.
On June 9, 2022, the Alberta Court of Appeal released a unanimous decision dismissing ENMAX Energy Corporation's and the Balancing Pool's application seeking to set aside an arbitration decision in favour of the Company. The Court of Appeal upheld the Company's claim of force majeure that arose when its Keephills 1 generating unit tripped offline in 2013. As a result of the decision, the Company's claim of force majeure remains valid and the associated costs of the force majeure event will not be reassessed against TransAlta.
On May 24, 2022, the Toronto Stock Exchange ("TSX") accepted the notice filed by the Company to renew its normal course issuer bid ("NCIB") for a portion of its common shares. Pursuant to the NCIB, TransAlta may repurchase up to a maximum of 14,000,000 common shares, representing approximately 7.16 per cent of its public float of common shares as at May 17, 2022. Purchases under the NCIB may be made through open market transactions on the TSX and any alternative Canadian trading platforms on which the common shares are traded, based on the prevailing market price. Any common shares purchased under the NCIB will be cancelled. The period during which TransAlta is authorized to make purchases under the NCIB commenced on May 31, 2022 and ends on May 30, 2023, or such earlier date on which the maximum number of common shares are purchased under the NCIB or the NCIB is terminated at the Company's election.
The NCIB provides the Company with a capital allocation alternative with a view to ensuring long-term shareholder value. TransAlta's Board of Directors and Management believe that, from time to time, the market price of the common shares does not reflect their underlying value and purchases of common shares for cancellation under the NCIB may provide an opportunity to enhance shareholder value.
During the six months ended June 30, 2022, the Company purchased and cancelled a total of 1.4 million common shares at an average price of $12.50 per common share, for a total cost of $18 million.
On June 16, 2022, the Company announced that 1,044,299 of its 11,000,000 currently outstanding Cumulative Redeemable Rate Reset First Preferred Shares, Series C ("Series C Shares") were tendered for conversion, on a one-for-one basis, into Cumulative Redeemable Floating Rate First Preferred Shares, Series D ("Series D Shares") after having taken into account all election notices following the June 15, 2022 conversion deadline.
On June 20, 2022, the Company announced a new visual identity including logo and tagline "Energizing the Future". The new visual identity encapsulates the TransAlta of today while reinforcing the Company's focus as a leader in creating a carbon-neutral future for our customers.
The Company continues to maintain a strong financial position in part due to long-term contracts and hedged positions. At the end of the second quarter, TransAlta had access to $1.9 billion in liquidity, including $0.9 billion in cash and cash equivalents.
On Sept 28, 2021, the Company announced the strategic targets associated with its Clean Electricity Growth Plan.
As of August 4, 2022, the Company has made significant progress in achieving the targets of the Clean Electricity Growth Plan. Refer to Strategy and Capability to Deliver Results in the Company's Management's Discussion and Analysis (MD&A) for further details.
During the second quarter, the Company added 325 MW to its renewable development pipeline across Canada and the United States.
Adjusted EBITDA(1) for the three and six months ended June 30, 2022 decreased by $40 million and $103 million, respectively, compared to the same periods in 2021. The decrease in second quarter financial performance relative to the prior year was driven by changes in market conditions and the positioning of the Company's Alberta Electricity Portfolio. This was partly offset by exceptional performance in the Energy Marketing segment from short-term trading of both physical and financial power and gas products.
Earnings before income taxes for the three months ended June 30, 2022 decreased $94 million compared to the same period in 2021. For the six months ended June 30, 2022 earnings before income taxes increased by $127 million compared to the same period in 2021.
Net loss attributable to common shareholders for the three months ended June 30 2022 was $80 million compared to a net loss of $12 million in the same period of 2021. Loss before income taxes and net loss attributable to common shareholders in the three months ended June 30, 2022, increased primarily due to lower revenues and higher fuel and purchased power costs, partially offset by lower carbon compliance costs, reversal of asset impairment charges impacted by the increase in discount rates, lower OM&A, recognition of insurance related to the replacement costs for a tower at the Kent Hills facility and liquidated damages recognized related to turbine availability at the Windrise wind facility. The previous period was impacted by higher gains on sales with the sale of Pioneer Pipeline in the second quarter of 2021.
Net earnings attributable to common shareholders for the six months ended June 30, 2022, increased by $148 million to net earnings of $106 million compared to a net loss of $42 million in the same period in 2021. Earnings before income tax and net earnings attributable to common shareholders in the six month period ended June 30, 2022, increased primarily due to reversal of asset impairment charges impacted by the increase in discount rates, lower carbon compliance costs, lower depreciation, lower OM&A and recognition of insurance related to the replacement costs for a tower at the Kent Hills facility and the liquidated damages recognized related to turbine availability at the Windrise wind facility partially offset by lower revenue and higher fuel and purchased power costs. The previous period also was impacted by higher gains on sales with the sale of Pioneer Pipeline in the second quarter of 2021.
Cash flow from operating activities for the three and six months ended June 30, 2022 decreased by $209 million and $15 million respectively compared with the same periods in 2021, primarily due to lower cash flows resulting from lower production and lower revenues within all segments except for the Wind and Solar segment. In addition, for the three months ended June 30, 2022, operating cash flows decreased with an unfavourable change in working capital; whereas, for the six month period ended June 30, 2022, operating cash flow increased as a result of favourable working capital changes. The change in working capital for the three and six months ended, June 30, 2022 is primarily due to movements in our collateral accounts related to high commodity prices and volatility in the markets.
FCF(1) for the three and six months ended June 30, 2022 decreased by $10 and $43 million respectively compared with the same periods in 2021, driven primarily by lower adjusted EBITDA, partially offset by higher realized foreign exchange gains and a decrease in sustaining capital spending related to fewer planned maintenance turnarounds.
The spot power price increased to $122/MWh and $106/MWh for the three and six months ending June 30, 2022, respectively, from $105/MWh and $100/MWh compared to the same periods in 2021, mainly as a result of a higher natural gas prices. However, the power price per MWh of production realized by the Company decreased by $9 and $3 per MWh, respectively, compared with the same periods in 2021.
The Alberta Electricity Portfolio generated gross margin of $168 million and $332 million during the three and six months ended June 30, 2022, a decrease of $73 million and $89 million, respectively, compared to the same periods in 2021. Gross margin was negatively impacted by lower weather-driven demand and a better supplied market in 2022. Ancillary services revenue from the Hydro segment was lower in both periods as a result of lower ancillary prices driven by increasing competition in the ancillary services market. In addition, the Gas and Energy Transition segment results were impacted by lower production due to unit retirements and higher dispatch optimization in response to lower market heat rates. A significant portion of the portfolio was hedged below spot prices, which was partially offset by our favourable gas hedge positions and lower carbon costs. The decrease in gross margins were partially offset by higher gross margins in the Wind and Solar segment mainly due to higher production and higher realized prices.
Hedged production for the balance of 2022 is 3,063 GWh at an average price of $76 per MWh.
Hydro:
- Adjusted EBITDA for the three and six months ended June 30, 2022 decreased by $8 million and $24 million, respectively, compared to the same periods in 2021, primarily due to weaker ancillary service realized prices in the Alberta market driven by increased participants and supply into the ancillary services market as a result of higher gas prices, as well as higher OM&A costs due to increased insurance premiums.
Wind and Solar:
- Adjusted EBITDA for the three and six months ended June 30, 2022, increased by $33 million and $46 million, respectively, compared to the same period in 2021, primarily due to higher production, higher realized merchant pricing in Alberta, higher environmental attribute revenues and recognition of liquidated damages related to turbine availability at the Windrise wind facility, partially offset by an increase in transmission rates. The three and six month periods in 2021 included a one-time reimbursement as a result of the AESO transmission line loss ruling.
Gas:
- Adjusted EBITDA for the three and six months ended June 30, 2022 decreased by $59 million and $60 million, respectively, compared to the same periods in 2021. The decreases were primarily due to lower production, higher natural gas prices and increased natural gas consumption, partially offset by lower carbon costs. The three and six months ended June 30, 2021, were additionally impacted by the unplanned short-term steam supply outages at the Sarnia cogeneration facility. Carbon costs in the period were lower as the facilities in the segment no longer operate on coal. The Company utilized 0.7 million tonnes of emission credits to settle the 2021 carbon compliance obligation, reducing our carbon compliance costs by $7 million in the period. In addition, during the three months ended June 30, 2022, adjusted EBITDA was negatively impacted by lower realized prices in Alberta resulting from hedging activities. Finally, for the six month period ended June 30, 2022, we realized lower legal fees related to the South Hedland PPA dispute settlement.
Energy Transition:
- Adjusted EBITDA for the three and six months ended June 30, 2022, decreased by $14 million and $25 million compared to the same periods in 2021. The decrease is primarily due to the retirements of Keephills Unit 1 and Sundance Unit 4 and higher purchased power costs incurred due to higher power prices during the planned outage at Centralia in 2022, partially offset by higher production at Centralia and lower carbon costs in Alberta. Carbon costs were lower as the Alberta facilities in the segment no longer operated on coal and have now been retired. The Company utilized 0.5 million tonnes of emission credits to settle the 2021 carbon compliance obligation, reducing our carbon compliance costs by $5 million in both the three and six months ended June 30, 2022.
Energy Marketing:
- Adjusted EBITDA for the three and six months ended June 30, 2022 increased by $7 million and decreased by $31 million, respectively, compared to the same period in 2021. The higher gross margin for the three months ended June 30, 2022, was due to short-term trading of both physical and financial power and gas products across all North American markets. The Energy Marketing team was able to capitalize on short-term volatility in the markets in which we trade without materially changing the risk profile of the business unit. For the six months ended June 30, 2022, results exceeded expectations due to favourable trading of both physical and financial power and gas products across all North American markets. The higher revenues for the six months ended June 30, 2021 were due to exceptional short-term volatility in the market.
Corporate:
- Our Corporate overhead costs for the three months ended were in line with expectations and consistent with the prior period. Corporate overhead costs for the six months ended June 30, 2022 increased by $9 million compared to the same period in 2021. The increase was the result of the total return swap on our share-based payment plans partially offset by the receipt of CEWS funding in the first quarter 2021.
TransAlta will hold a conference call and webcast at 9:00 a.m. MST (11:00 a.m. EST) today, August 5, 2022, to discuss our second quarter 2022 results. The call will begin with a short address by John Kousinioris, President and CEO, and Todd Stack, EVP Finance and Chief Financial Officer, followed by a question-and-answer period for investment analysts and investors. A question-and-answer period for the media will immediately follow.
Toll-free North American participants call: 1-888-664-6392
A link to the live webcast will be available on the Investor Centre section of TransAlta's website at https://transalta.com/investors/presentations-and-events. If you are unable to participate in the call, the instant replay is accessible at 1-888-390-0541 (Canada and USA toll free) with TransAlta pass code 715647 followed by the # sign. A transcript of the broadcast will be posted on TransAlta's website once it becomes available.
Notes
We use a number of financial measures to evaluate our performance and the performance of our business segments, including measures and ratios that are presented on a non-IFRS basis, as described below. Unless otherwise indicated, all amounts are in Canadian dollars and have been derived from our audited annual 2021 consolidated financial statements and the unaudited interim condensed consolidated statements of earnings (loss) for the three and six months ended June 30, 2022, prepared in accordance with IFRS. We believe that these non-IFRS amounts, measures and ratios, read together with our IFRS amounts, provide readers with a better understanding of how management assesses results.
Non-IFRS amounts, measures and ratios do not have standardized meanings under IFRS. They are unlikely to be comparable to similar measures presented by other companies and should not be viewed in isolation from, or as an alternative for, or more meaningful than our IFRS results.
Adjusted EBITDA
In the fourth quarter of 2021, comparable EBITDA was relabeled as adjusted EBITDA to align with industry standard terminology. Each business segment assumes responsibility for its operating results measured to adjusted EBITDA. Adjusted EBITDA is an important metric for management that represents our core business profitability. In the second quarter of 2022, our reported EBITDA composition was adjusted to include the impact of closed positions that are effectively settled by offsetting positions with the same counterparty to reflect the performance of the assets and Energy Marketing segment in the period in which the transactions occur. Accordingly, the Company has applied this composition to all previously reported periods. Interest, taxes, depreciation and amortization are not included, as differences in accounting treatments may distort our core business results. In addition, certain reclassifications and adjustments are made to better assess results excluding those items that may not be reflective of ongoing business performance. This presentation may facilitate the readers analysis of trends. Adjusted EBITDA is a non-IFRS measure.
Average Annual EBITDA
Average annual EBITDA is a non-IFRS financial measure that is forward-looking, used to show the average annual EBITDA that the project currently under construction is expected to generate upon completion.
Funds From Operations ("FFO")
FFO is an important metric as it provides a proxy for cash generated from operating activities before changes in working capital and provides the ability to evaluate cash flow trends in comparison with results from prior periods. FFO is a non-IFRS measure.
Free Cash Flow ("FCF")
FCF is an important metric as it represents the amount of cash that is available to invest in growth initiatives, make scheduled principal repayments on debt, repay maturing debt, pay common share dividends or repurchase common shares. Changes in working capital are excluded so FFO and FCF are not distorted by changes that we consider temporary in nature, reflecting, among other things, the impact of seasonal factors and timing of receipts and payments. FCF is a non-IFRS measure.
Non-IFRS Ratios
FFO per share, FCF per share and adjusted net debt to adjusted EBITDA are non-IFRS ratios that are presented in the MD&A. See the Reconciliation of Cash Flow from Operations to FFO and FCF and Key Financial Non-IFRS Ratios sections of the MD&A for additional information.
FFO per share and FCF per share
FFO per share and FCF per share are calculated using the weighted average number of common shares outstanding during the period. FFO per share and FCF per share is a non-IFRS ratio.
Reconciliation of these non-IFRS financial measures to the most comparable IFRS measure are provided below.
The following tables reflects adjusted EBITDA and provides reconciliation to earnings (loss) before income taxes for the three and six months ended June 30, 2022 and June 30, 2021
Reconciliation of Cash flow from operations to FFO and FCF
The table below reconciles our cash flow from operating activities to our FFO and FCF:
The table below bridges our adjusted EBITDA to our FFO and FCF for the three and six months ended June 30, 2022 and June 30, 2021:
TransAlta is in the process of filing its unaudited interim Consolidated Financial Statements and accompanying notes, as well as the associated Management's Discussion & Analysis ("MD&A"). These documents will be available August 5, 2022 on the Investor Centre of TransAlta's website at www.transalta.com or through SEDAR at www.sedar.com and EDGAR at www.sec.gov/edgar.shtml.
TransAlta owns, operates and develops a diverse fleet of electrical power generation assets in Canada, the United States and Australia with a focus on long-term shareholder value. TransAlta provides municipalities, medium and large industries, businesses and utility customers with clean, affordable, energy efficient and reliable power. Today, TransAlta is one of Canada's largest producers of wind power and Alberta's largest producer of hydro-electric power. For over 111 years, TransAlta has been a responsible operator and a proud member of the communities where we operate and where our employees work and live. TransAlta aligns its corporate goals with the UN Sustainable Development Goals and its climate change strategy with CDP (formerly Climate Disclosure Project) and the Task Force on Climate-related Financial Disclosures (TCFD) recommendations. TransAlta has achieved a 61 per cent reduction in GHG emissions since 2015.
For more information about TransAlta, visit our web site at transalta.com.
This news release contains "forward-looking information", within the meaning of applicable Canadian securities laws, and "forward-looking statements", within the meaning of applicable United States securities laws, including the United States Private Securities Litigation Reform Act of 1995 (collectively referred to herein as "forward-looking statements). In some cases, forward-looking statements can be identified by terminology such as "plans", "expects", "proposed", "will", "anticipates", "develop", "continue", and similar expressions suggesting future events or future performance. In particular, this news release contains, without limitation, statements pertaining to: the Company's growth projects, including the Horizon Hill wind project, the Garden Plain wind project and the White Rock wind projects, including expected commercial operation dates thereof; the benefits of the EIP investment; securing contract extensions with the IESO (defined above) and the satisfaction of conditions to the Sarnia cogeneration facility capacity supply commitments with the large industrial customers; the Mount Keith 132 kV transmission expansion project, including the estimated capital, EBITDA and planned completion date; the Kent Hills wind facilities rehabilitation, the timeline to return the turbines to service and the potential installation for a battery storage system at Kent Hills wind facility; the targets associated with the Clean Electricity Growth Plan. These forward-looking statements are not historical facts but are based on TransAlta's belief and assumptions based on information available at the time the assumptions were made, including, but not limited to, the current political and regulatory environment, the price of power in Alberta and the condition of the financial markets. These statements are subject to a number of risks and uncertainties that may cause actual results to differ materially from those contemplated by the forward-looking statements. Some of the factors that could cause such differences include: operational risks involving our facilities; inability to satisfy conditions precedent to the capacity supply commitments with the large industrial customers at Sarnia; inability to secure a successful bid with IESO for a contract extension at the Sarnia cogeneration facility; changes in market prices where we operate; unplanned outages at generating facilities and the capital investments required; equipment failure and our ability to carry out repairs in a cost effective and timely manner; the effects of weather, catastrophes and public health crises; global supply chain disruptions impacting major maintenance and growth projects; disruptions in the source of thermal fuels, water, solar or wind required to operate our facilities, including the necessary natural gas supply; energy trading risks; failure to obtain necessary regulatory approvals in a timely fashion, or at all; inability to satisfy all conditions and requirements associated with announced growth projects; negative impact to our credit ratings; legislative or regulatory developments and their impacts; increasingly stringent environmental requirements and their impacts; increased competition; global capital markets activity (including our ability to access financing at a reasonable cost); changes in prevailing interest rates; currency exchange rates; inflation levels and commodity prices; armed hostilities, including an escalation of the war in Ukraine; general economic conditions in the geographic areas where TransAlta operates; disputes or claims involving TransAlta or TransAlta Renewables; and other risks and uncertainties discussed in the Company's materials filed with the securities regulatory authorities from time to time and as also set forth in the Company's MD&A and Annual Information Form for the year ended December 31, 2021. Readers are cautioned not to place undue reliance on these forward-looking statements, which reflect TransAlta's expectations only as of the date of this news release. The purpose of the financial outlooks contained in this news release are to give the reader information about management's current expectations and plans and readers are cautioned that such information may not be appropriate for other purposes and is given as of the date of this news release. TransAlta disclaims any intention or obligation to update or revise these forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.
Note: All financial figures are in Canadian dollars unless otherwise indicated.
View original content:
SOURCE TransAlta Corporation | https://www.kfyrtv.com/prnewswire/2022/08/05/transalta-reports-second-quarter-2022-results/ | 2022-08-05T11:39:06Z | https://www.kfyrtv.com/prnewswire/2022/08/05/transalta-reports-second-quarter-2022-results/ | false |
Invests $31.1 Million in SI East, LLC to Support Strategic Acquisition and Ongoing Growth Activities
HOUSTON, Aug. 5, 2022 /PRNewswire/ -- Main Street Capital Corporation (NYSE: MAIN) ("Main Street") is pleased to announce that it recently completed a follow-on investment in an existing portfolio company. Main Street made the follow-on investment in SI East, LLC ("SI East" or the "Company") to support the Company's acquisition of Chicago Steel Container Corporation, one of the largest independent new steel drum manufacturers in the United States, and the Company's other ongoing growth activities. Main Street, along with its co-investor, facilitated the transaction, with Main Street's follow-on investment consisting of an additional $31.1 million first lien, senior secured term debt investment. This follow-on investment represents Main Street's second follow-on investment in the Company, after initially partnering with Company's existing owners, the Stavig family, in August 2018.
Headquartered in Charlotte, North Carolina, the Company manufactures new steel drums from strategically located manufacturing facilities in Charlotte, North Carolina and Cleveland, Ohio, operating under two distinct legal entities, General Steel Drum, LLC ("GSD") and North Coast Container, LLC ("NCC"), respectively. GSD and NCC were founded in 1984 and 1983, respectively, and each have grown to become industry leading new steel drum providers in their respective regions. SI East is one of the largest producers of new steel drums in the United States, producing a wide variety of products, including tight head, open head, interior lined, high and low density polyethylene plastic liners and unlined drums among various other offerings. The Stavig family is a long-term and well-respected participant in the steel drum manufacturing industry, separately owning and operating Myers Container, LLC and Container Management Services, LLC on the West Coast, thereby providing the Stavig family's independently operating industrial packaging businesses with a nationwide platform.
ABOUT MAIN STREET CAPITAL CORPORATION
Main Street (www.mainstcapital.com) is a principal investment firm that primarily provides long-term debt and equity capital to lower middle market companies and debt capital to middle market companies. Main Street's portfolio investments are typically made to support management buyouts, recapitalizations, growth financings, refinancings and acquisitions of companies that operate in diverse industry sectors. Main Street seeks to partner with entrepreneurs, business owners and management teams and generally provides "one stop" financing alternatives within its lower middle market investment strategy. Main Street's lower middle market companies generally have annual revenues between $10 million and $150 million. Main Street's private loan and middle market debt investments are made in businesses that are generally larger in size than its lower middle market portfolio companies.
Main Street, through its wholly owned portfolio company MSC Adviser I, LLC ("MSC Adviser"), also maintains an asset management business through which it manages investments for external parties. MSC Adviser is registered as an investment adviser under the Investment Advisers Act of 1940.
Contacts:
Main Street Capital Corporation
Dwayne L. Hyzak, CEO, dhyzak@mainstcapital.com
Jesse E. Morris, CFO & COO, jmorris@mainstcapital.com
713-350-6000
Dennard Lascar Investor Relations
Ken Dennard | ken@dennardlascar.com
Zach Vaughan | zvaughan@dennardlascar.com
713-529-6600
View original content:
SOURCE Main Street Capital Corporation | https://www.kswo.com/prnewswire/2022/08/05/main-street-announces-follow-on-investment/ | 2022-08-05T11:41:26Z | https://www.kswo.com/prnewswire/2022/08/05/main-street-announces-follow-on-investment/ | false |
When it rains, it could quite literally pour, creating flooded roadways Friday. However, most of the day will be dry as the third heat wave of 2022 continues for a fourth day. The weekend will also be mostly dry, but possibly the most humid weekend of the year. Meteorologist Joe Martucci has more.
Local Weather
Get the daily forecast and severe weather alerts in your inbox!
Joe Martucci
Meteorologist
It's great to forecast for you in N.J., where I was born and raised. I earned my degree from Rutgers and have been at The Press since Fall 2017. I'm honored to be a 10 time N.J. Press Association award winner and a South Jersey "Top 40 Under 40".
Get email notifications on {{subject}} daily!
Your notification has been saved.
There was a problem saving your notification.
{{description}}
Email notifications are only sent once a day, and only if there are new matching items.
Followed notifications
Please log in to use this feature
Log In
Don't have an account? Sign Up Today | https://pressofatlanticcity.com/weather/watch-now-tracking-torrential-downpours-your-friday-forecast/article_86ebe4f0-1446-11ed-8ff9-0b7c9187c3b6.html | 2022-08-05T11:43:57Z | https://pressofatlanticcity.com/weather/watch-now-tracking-torrential-downpours-your-friday-forecast/article_86ebe4f0-1446-11ed-8ff9-0b7c9187c3b6.html | false |
330 Bitcoin mined, bringing reserves to 7,736
TORONTO, Aug. 5, 2022 /PRNewswire/ - Hut 8 Mining Corp. (Nasdaq: HUT) (TSX: HUT), ("Hut 8" or the "Company") one of North America's largest, innovation-focused digital asset mining pioneers and high performance computing infrastructure provider, increased its Bitcoin holdings by 330 in the period ending July 31. Hut 8 now has 7,736 Bitcoin in its holdings.
- 330 Bitcoin were generated, resulting in an average production rate of 10.61 Bitcoin per day
- Our Ethereum mining – for which we receive payment in Bitcoin – generated approximately 10.7% of our total production
- Keeping with our longstanding HODL strategy, 100% of the self-mined Bitcoin in July were deposited into custody
- Total Bitcoin balance held in reserve is 7,736 as of July 31, 2022
- Installed operating capacity was 2.92 EH/s at the end of the month
- Hut 8 produced 113.01 BTC/EH in July
- Monthly shipments of MicroBT miners continue to arrive as scheduled and are being installed in real time
- A severe thunderstorm on July 18 interrupted the power supply to the Medicine Hat mine and surrounding area – site infrastructure and equipment were not damaged – and power was restored on July 23
- Hut 8's high-performance computing business, which is not correlated to Bitcoin or Bitcoin mining, continues to grow: we recently signed Foundry as a cloud services client
"We continued to deliver results, growing our stack to 7,736 Bitcoin – one of the largest holdings globally – by mining efficiently," said Jaime Leverton, CEO. "At the same time, we continue to focus on growing the uncorrelated recurring revenue within our high performance computing business and are thrilled to welcome Foundry aboard as a cloud services customer in our Mississauga data centre."
Hut 8 is one of North America's largest innovation-focused digital asset miners, led by a team of business-building technologists, bullish on bitcoin, blockchain, Web 3.0 and bridging the nascent and traditional high performance computing worlds. With two digital asset mining sites located in Southern Alberta and a third site in North Bay, Ontario, all located in Canada, Hut 8 has one of the highest capacity rates in the industry and one of the highest inventories of self-mined Bitcoin of any crypto miner or publicly-traded company globally. With 36,000 square feet of geo-diverse data centre space and cloud capacity connected to electrical grids powered by significant renewables and emission-free resources, Hut 8 is revolutionizing conventional assets to create the first hybrid data centre model that serves both the traditional high performance compute (Web 2.0) and nascent digital asset computing sectors, blockchain gaming, and Web 3.0. Hut 8 was the first Canadian digital asset miner to list on the Nasdaq Global Select Market. Through innovation, imagination, and passion, Hut 8 is helping to define the digital asset revolution to create value and positive impacts for its shareholders and generations to come.
This press release includes "forward-looking information" and "forward-looking statements" within the meaning of Canadian securities laws and United States securities laws, respectively (collectively, "forward-looking information"). All information, other than statements of historical facts, included in this press release that address activities, events or developments that the Company expects or anticipates will or may occur in the future, including such things as future business strategy, competitive strengths, goals, expansion and growth of the Company's businesses, operations, plans and other such matters is forward-looking information. Forward-looking information is often identified by the words "may", "would", "could", "should", "will", "intend", "plan", "anticipate", "allow", "believe", "estimate", "expect", "predict", "can", "might", "potential", "predict", "is designed to", "likely" or similar expressions. In addition, any statements in this press release that refer to expectations, projections or other characterizations of future events or circumstances contain forward-looking information and include, among others, statements regarding: Bitcoin and Ethereum network dynamics; the Company's ability to advance its longstanding HODL strategy; the Company's ability to produce additional Bitcoin and maintain existing rates of productivity at all sites; the Company's ability to deploy additional miners; the Company's ability to continue mining digital assets efficiently; the Company's expected recurring revenue and growth rate from its high performance computing business; and the Company's ability to successfully navigate the current market.
Statements containing forward-looking information are not historical facts, but instead represent management's expectations, estimates and projections regarding future events based on certain material factors and assumptions at the time the statement was made. While considered reasonable by Hut 8 as of the date of this press release, such statements are subject to known and unknown risks, uncertainties, assumptions and other factors that may cause the actual results, level of activity, performance or achievements to be materially different from those expressed or implied by such forward-looking information, including but not limited to, security and cybersecurity threats and hacks, malicious actors or botnet obtaining control of processing power on the Bitcoin or Ethereum network, further development and acceptance of Bitcoin and Ethereum networks, changes to Bitcoin or Ethereum mining difficulty, loss or destruction of private keys, increases in fees for recording transactions in the Blockchain, erroneous transactions, reliance on a limited number of key employees, reliance on third party mining pool service providers, regulatory changes, classification and tax changes, momentum pricing risk, fraud and failure related to cryptocurrency exchanges, difficulty in obtaining banking services and financing, difficulty in obtaining insurance, permits and licenses, internet and power disruptions, geopolitical events, uncertainty in the development of cryptographic and algorithmic protocols, uncertainty about the acceptance or widespread use of cryptocurrency, failure to anticipate technology innovations, the COVID19 pandemic, climate change, currency risk, lending risk and recovery of potential losses, litigation risk, business integration risk, changes in market demand, changes in network and infrastructure, system interruption, changes in leasing arrangements, and other risks related to the cryptocurrency and data centre business. For a complete list of the factors that could affect the Company, please see the "Risk Factors" section of the Company's Annual Information Form dated March 17, 2022, and Hut 8's other continuous disclosure documents which are available on the Company's profile on the System for Electronic Document Analysis and Retrieval at www.sedar.com and on the EDGAR section of the U.S. Securities and Exchange Commission's website at www.sec.gov.
These factors are not intended to represent a complete list of the factors that could affect Hut 8; however, these factors should be considered carefully. There can be no assurance that such estimates and assumptions will prove to be correct. Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking statements prove incorrect, actual results may vary materially from those described in this press release as intended, planned, anticipated, believed, sought, proposed, estimated, forecasted, expected, projected or targeted and such forward-looking statements included in this press release should not be unduly relied upon. The impact of any one assumption, risk, uncertainty, or other factor on a particular forward-looking statement cannot be determined with certainty because they are interdependent and Hut 8's future decisions and actions will depend on management's assessment of all information at the relevant time. The forward-looking statements contained in this press release are made as of the date of this press release, and Hut 8 expressly disclaims any obligation to update or alter statements containing any forward-looking information, or the factors or assumptions underlying them, whether as a result of new information, future events or otherwise, except as required by law.
View original content to download multimedia:
SOURCE Hut 8 Mining Corp | https://www.kmvt.com/prnewswire/2022/08/05/hut-8-mining-production-operations-update-july-2022/ | 2022-08-05T11:44:08Z | https://www.kmvt.com/prnewswire/2022/08/05/hut-8-mining-production-operations-update-july-2022/ | true |
Commonwealth Games: International visitors love Birmingham
Birmingham is playing host to visitors from around the world for the Commonwealth Games and appears to be basking in the glow of compliments.
Tourism bosses now hope to capitalise on the largely positive reaction to Birmingham as it's showcased across the globe to a TV audience of millions.
"I think we've broken all the records that we'd set ourselves for this," said Neil Rami, West Midlands Growth Company Chief Executive.
"You've got to remember that the visitor economy is worth something like £13bn to this region and it was hit very hard during Covid.
"So we had planned to get back to those sort of levels. But I think we'll exceed them, not just this summer, but over the next few years ahead."
Film editor: John Bray
Reporter: Ben Sidwell | https://www.bbc.com/news/av/uk-england-birmingham-62435620 | 2022-08-05T11:47:36Z | https://www.bbc.com/news/av/uk-england-birmingham-62435620 | false |
WASHINGTON (AP) — Facebook owner Meta is quietly curtailing some of the safeguards designed to thwart voting misinformation or foreign interference in U.S. elections as the November midterm vote approaches.
It’s a sharp departure from the social media giant’s multibillion-dollar efforts to enhance the accuracy of posts about U.S. elections and regain trust from lawmakers and the public after their outrage over learning the company had exploited people’s data and allowed falsehoods to overrun its site during the 2016 campaign.
The pivot is raising alarm about Meta’s priorities and about how some might exploit the world’s most popular social media platforms to spread misleading claims, launch fake accounts and rile up partisan extremists.
“They’re not talking about it,” said former Facebook policy director Katie Harbath, now the CEO of the tech and policy firm Anchor Change. “Best case scenario: They’re still doing a lot behind the scenes. Worst case scenario: They pull back, and we don’t know how that’s going to manifest itself for the midterms on the platforms.”
Since last year, Meta has shut down an examination into how falsehoods are amplified in political ads on Facebook by indefinitely banishing the researchers from the site.
CrowdTangle, the online tool that the company offered to hundreds of newsrooms and researchers so they could identify trending posts and misinformation across Facebook or Instagram, is now inoperable on some days.
Public communication about the company’s response to election misinformation has gone decidedly quiet. Between 2018 and 2020, the company released more than 30 statements that laid out specifics about how it would stifle U.S. election misinformation, prevent foreign adversaries from running ads or posts around the vote and subdue divisive hate speech.
Top executives hosted question and answer sessions with reporters about new policies. CEO Mark Zuckerberg wrote Facebook posts promising to take down false voting information and authored opinion articles calling for more regulations to tackle foreign interference in U.S. elections via social media.
But this year Meta has only released a one-page document outlining plans for the fall elections, even as potential threats to the vote remain clear. Several Republican candidates are pushing false claims about the U.S. election across social media. In addition, Russia and China continue to wage aggressive social media propaganda campaigns aimed at further political divides among American audiences.
Meta says that elections remain a priority and that policies developed in recent years around election misinformation or foreign interference are now hard-wired into company operations.
“With every election, we incorporate what we’ve learned into new processes and have established channels to share information with the government and our industry partners,” Meta spokesman Tom Reynolds said.
He declined to say how many employees would be on the project to protect U.S. elections full time this year.
During the 2018 election cycle, the company offered tours and photos and produced head counts for its election response war room. But The New York Times reported the number of Meta employees working on this year’s election had been cut from 300 to 60, a figure Meta disputes.
Reynolds said Meta will pull hundreds of employees who work across 40 of the company’s other teams to monitor the upcoming vote alongside the election team, with its unspecified number of workers.
The company is continuing many initiatives it developed to limit election misinformation, such as a fact-checking program started in 2016 that enlists the help of news outlets to investigate the veracity of popular falsehoods spreading on Facebook or Instagram. The Associated Press is part of Meta’s fact-checking program.
This month, Meta also rolled out a new feature for political ads that allows the public to search for details about how advertisers target people based on their interests across Facebook and Instagram.
Yet, Meta has stifled other efforts to identify election misinformation on its sites.
It has stopped making improvements to CrowdTangle, a website it offered to newsrooms around the world that provides insights about trending social media posts. Journalists, fact-checkers and researchers used the website to analyze Facebook content, including tracing popular misinformation and who is responsible for it.
That tool is now “dying,” former CrowdTangle CEO Brandon Silverman, who left Meta last year, told the Senate Judiciary Committee this spring.
Silverman told the AP that CrowdTangle had been working on upgrades that would make it easier to search the text of internet memes, which can often be used to spread half-truths and escape the oversight of fact-checkers, for example.
“There’s no real shortage of ways you can organize this data to make it useful for a lot of different parts of the fact-checking community, newsrooms and broader civil society,” Silverman said.
Not everyone at Meta agreed with that transparent approach, Silverman said. The company has not rolled out any new updates or features to CrowdTangle in more than a year, and it has experienced hourslong outages in recent months.
Meta also shut down efforts to investigate how misinformation travels through political ads.
The company indefinitely revoked access to Facebook for a pair of New York University researchers who they said collected unauthorized data from the platform. The move came hours after NYU professor Laura Edelson said she shared plans with the company to investigate the spread of disinformation on the platform around the Jan. 6, 2021, attack on the U.S. Capitol, which is now the subject of a House investigation.
“What we found, when we looked closely, is that their systems were probably dangerous for a lot of their users,” Edelson said.
Privately, former and current Meta employees say exposing those dangers around the American elections have created public and political backlash for the company.
Republicans routinely accuse Facebook of unfairly censoring conservatives, some of whom have been kicked off for breaking the company’s rules. Democrats, meanwhile, regularly complain the tech company hasn’t gone far enough to curb disinformation.
“It’s something that’s so politically fraught, they’re more trying to shy away from it than jump in head first.” said Harbath, the former Facebook policy director. “They just see it as a big old pile of headaches.”
Meanwhile, the possibility of regulation in the U.S. no longer looms over the company, with lawmakers failing to reach any consensus over what oversight the multibillion-dollar company should be subjected to.
Free from that threat, Meta’s leaders have devoted the company’s time, money and resources to a new project in recent months.
Zuckerberg dived into this massive rebranding and reorganization of Facebook last October, when he changed the company’s name to Meta Platforms Inc. He plans to spend years and billions of dollars evolving his social media platforms into a nascent virtual reality construct called the “metaverse” — sort of like the internet brought to life, rendered in 3D.
His public Facebook page posts now focus on product announcements, hailing artificial intelligence, and photos of him enjoying life. News about election preparedness is announced in company blog posts not written by him.
In one of Zuckerberg’s posts last October, after an ex-Facebook employee leaked internal documents showing how the platform magnifies hate and misinformation, he defended the company. He also reminded his followers that he had pushed Congress to modernize regulations around elections for the digital age.
“I know it’s frustrating to see the good work we do get mischaracterized, especially for those of you who are making important contributions across safety, integrity, research and product,” he wrote on Oct. 5. “But I believe that over the long term if we keep trying to do what’s right and delivering experiences that improve people’s lives, it will be better for our community and our business.”
It was the last time he discussed the Menlo Park, California-based company’s election work in a public Facebook post.
___
Associated Press technology writer Barbara Ortutay contributed to this report.
___
Follow AP’s coverage of misinformation at https://apnews.com/hub/misinformation. | https://www.wpri.com/business-news/ap-business/meta-trims-election-misinformation-efforts-as-midterms-loom/ | 2022-08-05T11:53:44Z | https://www.wpri.com/business-news/ap-business/meta-trims-election-misinformation-efforts-as-midterms-loom/ | false |
A Music Calendar
Free Arkansauce show alert! Northwest Arkanasas’s favorite newgrass foursome will play at 7 p.m. tonight on the Butterfield Stage for Railyard Live, 101 E. Cherry St.in Rogers. The show is free, but tables are $20. Organizers warn that they may sell out. Find out more at railyardlive.com/live-events. Keep up with Arkansauce at arkansaucemusic.com. Interstellar Overdrive: A Tribute to Pink Floyd will plays Railyard Live at 7 p.m. Saturday.
ELSEWHERE
• Chris Canterbury and Erin Enderlin will perform at 8 p.m. today ($12-15) at TempleLive 200 N. 11th St. in Fort Smith.majesticfortsmith.com.
• Patti Steel Trio plays at 7 p.m. today at Wanderoo Lodge & Bar, 216 W. Van Buren in Eureka Springs. 363-6755; facebook.com/wanderoolodge.
• Happy hour with Ultra Suede & The Hardtops starts at 6 p.m. ($8) with Willi Carlisle and Dylan Earl at 8:30 p.m. today ($15 and up); The Red Lens with Kin & Company, Miles End Beach and Mildenhall play at 8:30 p.m. Saturday at George’s Majestic Lounge, 519 W. Dickson St., Fayetteville.georgesmajesticlounge.com/shows.
• Route 358 plays at 6:30 p.m. today ($12) at Cottage Circle at Mount Sequoyah, 150 N. Skyline Drive, Fayetteville. facebook.com/Route358.
• Abby Pierce plays at 7 p.m. today at Creekside Taproom, 100-2 E. Alpine St., Siloam Springs.facebook.com/creeksidetaproom.
• Earl and Them perform at 6 p.m. Aug. 13 ($10) at Ozark Folkways, 22733 U.S. 71 North. Tickets available at ozarkfolkways.org or at the door.
• Robbing Ford, Buddy Shute & The Motivators, Jeff Horton Band and Oreo Blue perform at 7 p.m. Saturday at the Meteor Guitar Gallery, 128 W. Central Ave., Bentonville. facebook.com/meteorguitargallery/events.
Send info about your upcoming concerts to Monica Hooper, music editor, at mhooper@nwaonline.com . | https://www.arkansasonline.com/news/2022/aug/05/live/ | 2022-08-05T11:57:23Z | https://www.arkansasonline.com/news/2022/aug/05/live/ | false |
- Record annualized recurring revenue of $1.51 billion, up 12 percent and 15 percent on an organic basis
- Second quarter total revenue of $941 million, up 6 percent on an organic basis
SUNNYVALE, Calif., Aug. 5, 2022 /PRNewswire/ -- Trimble Inc. (NASDAQ:TRMB) today announced financial results for the second quarter of 2022.
Second Quarter 2022 Financial Highlights
- Revenue of $941.2 million, up 6 percent excluding the effects of divestitures, acquisitions, and foreign currency translation
- Annualized recurring revenue (ARR) was $1.51 billion, up 12 percent year over year
- GAAP operating income was $134.9 million and non-GAAP operating income was $210.7 million
- GAAP net income was $168.0 million and non-GAAP net income was $161.6 million
- Diluted earnings per share was $0.67 on a GAAP basis and $0.64 on a non-GAAP basis
- Adjusted EBITDA of $227.5 million, 24.2 percent of revenue
- Share repurchases of $200.0 million
Executive Quote
"Our second quarter results exceeded expectations," said Rob Painter, Trimble's president and chief executive officer. "Growth in annualized recurring revenue and gross margin demonstrate the potential of our Connect & Scale strategy. We remain committed to investing in our strategy while navigating macroeconomic uncertainties."
Forward Looking Guidance
For the full-year 2022, Trimble now expects to report revenue between $3,760 million and $3,820 million and GAAP earnings per share of $1.89 to $1.99, and non-GAAP earnings per share between $2.70 and $2.80. GAAP guidance assumes a tax rate of 23 percent and non-GAAP guidance assumes a tax rate of 18.5 percent. Both GAAP and non-GAAP earnings per share assume approximately 251 million shares outstanding. A reconciliation of the non-GAAP measures to the most directly comparable GAAP measures and other information relating to these non-GAAP measures are included in the supplemental reconciliation scheduled attached.
Investor Conference Call / Webcast Details
Trimble will hold a conference call on August 5, 2022 at 5:00 a.m. PT to review its second quarter 2022 results. An accompanying slide presentation will be made available on the "Investors" section of the Trimble website, www.trimble.com, under the subheading "Events & Presentations." The call will be broadcast live on the web at http://investor.trimble.com. Investors without internet access may dial into the call at (888) 660-6347 (U.S.) or (929) 201-6594 (international). The conference ID is 1043223. The replay will also be available on the web at the address above.
About Trimble
Trimble is an industrial technology company transforming the way the world works by delivering solutions that enable our customers to thrive. Core technologies in positioning, modeling, connectivity and data analytics connect the digital and physical worlds to improve productivity, quality, safety, transparency and sustainability. From purpose-built products to enterprise lifecycle solutions, Trimble is transforming industries such as agriculture, construction, geospatial and transportation. For more information about Trimble (NASDAQ:TRMB), visit: www.trimble.com.
Safe Harbor
Certain statements made in this press release are forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and are made pursuant to the safe harbor provisions of the Securities Litigation Reform Act of 1995. These statements include expectations about our future financial and operational results. These forward-looking statements are subject to change, and actual results may materially differ due to certain risks and uncertainties. The Company's results may be adversely affected if the Company is unable to market, manufacture and ship new products, obtain new customers, effectively integrate new acquisitions or consummate divestitures in a timely manner. The Company's results would also be negatively impacted by deterioration in economic conditions as a result of the COVID-19 pandemic, supply chain shortages and disruptions, as well as general inflationary pressures, resulting in increases in costs and reduced revenue, adverse geopolitical developments and the potential impact of volatility and conflict in the political and economic environment, including the Russian invasion of Ukraine and its direct and indirect impact on our business, weakening in the macroeconomic environment, foreign exchange fluctuations, the pace we transition our business model towards a subscription model, and the imposition of barriers to international trade. Any failure to achieve predicted results could negatively impact the Company's revenue, cash flow from operations, and other financial results. The Company's financial results will also depend on a number of other factors and risks detailed from time to time in reports filed with the SEC, including its quarterly reports on Form 10-Q and its annual report on Form 10-K. Undue reliance should not be placed on any forward-looking statement contained herein. These statements reflect the Company's position as of the date of this release. The Company expressly disclaims any undertaking to release publicly any updates or revisions to any statements to reflect any change in the Company's expectations or any change of events, conditions, or circumstances on which any such statement is based.
FTRMB
FOOTNOTES TO GAAP TO NON-GAAP RECONCILIATION
This press release includes GAAP financial measures as well as Non-GAAP financial measures. We believe these non-GAAP financial measures, which are not meant to be considered in isolation or as a substitute for comparable GAAP provide useful information to investors and others in understanding our "core operating performance", which excludes the effect of non-cash items and certain variable charges not expected to recur, not meaningful in comparison to our past operating performance or not reflective of ongoing financial results. Lastly, we believe that our core operating performance offers a supplemental measure for period-to-period comparisons and can be used to evaluate our historical and prospective financial performance, as well as our performance relative to competitors.
The non-GAAP definitions, and explanations to the adjustments to comparable GAAP measures are included below:
Non-GAAP Definitions
Non-GAAP revenue
We define Non-GAAP revenue as GAAP revenue, excluding the effects of purchase accounting adjustments for acquisitions occurring prior to 2021. We believe this measure helps investors understand the performance of our business including acquisitions, as non-GAAP revenue excludes the effects of certain acquired deferred revenue that was written down to fair value in purchase accounting. Management believes that excluding fair value purchase accounting adjustments more closely correlates with the ordinary and ongoing course of the acquired company's operations and facilitates analysis of revenue growth and trends.
Non-GAAP gross margin
We define Non-GAAP gross margin as GAAP gross margin, excluding the effects of purchase accounting adjustments, stock-based compensation, deferred compensation, and restructuring and other costs. We believe our investors benefit by understanding our non-GAAP gross margin as a way of understanding how product mix, pricing decisions, and manufacturing costs influence our business.
Non-GAAP operating expenses
We define Non-GAAP operating expenses as GAAP operating expenses, excluding the effects of purchase accounting adjustments, acquisition/divestiture items, stock-based compensation, deferred compensation, and restructuring and other costs. We believe this measure is important to investors evaluating our non-GAAP spending in relation to revenue.
Non-GAAP operating income
We define Non-GAAP operating income as GAAP operating income, excluding the effects of purchase accounting adjustments, acquisition/divestiture items, stock-based compensation, deferred compensation, and restructuring and other costs. We believe our investors benefit by understanding our non-GAAP operating income trends, which are driven by revenue, gross margin, and spending.
Non-GAAP non-operating expense, net
We define Non-GAAP non-operating expenses, net as GAAP non-operating expenses, net, excluding acquisition/divestiture items, deferred compensation, and restructuring and other costs. We believe this measure helps investors evaluate our non-operating expense trends.
Non-GAAP income tax provision
We define Non-GAAP income tax provision as GAAP income tax provision, excluding charges and benefits such as net deferred tax impacts resulting from the non-U.S. intercompany transfer of intellectual property, tax law changes, and significant one-time reserve releases upon the statute of limitations expirations. We believe this measure helps investors because it provides for consistent treatment of excluded items in our non-GAAP presentation and a difference in the GAAP and non-GAAP tax rates.
Non-GAAP net income
We define Non-GAAP net income as GAAP net income, excluding the effects of purchase accounting adjustments, acquisition/divestiture items, stock-based compensation, restructuring and other costs, and non-GAAP tax adjustments. This measure provides a supplemental view of net income trends, which are driven by non-GAAP income before taxes and our non-GAAP tax rate.
Non-GAAP diluted net income per share
We define Non-GAAP diluted net income per share as GAAP diluted net income per share, excluding the effects of purchase accounting adjustments, acquisition/divestiture items, stock-based compensation, restructuring and other costs, and non-GAAP tax adjustments. We believe our investors benefit by understanding our non-GAAP operating performance as reflected in a per share calculation as a way of measuring non-GAAP operating performance by ownership in the company.
Adjusted EBITDA
We define Adjusted EBITDA as non-GAAP operating income plus depreciation expense and income from equity method investments, net. Other companies may define Adjusted EBITDA differently. Adjusted EBITDA is not intended to purport to be an alternative to net income or operating income as a measure of operating performance or cash flow from operating activities as a measure of liquidity. Adjusted EBITDA is a performance measure that we believe offers a useful view of the overall operations of our business because it facilitates operating performance comparisons by removing potential differences caused by variations unrelated to operating performance, such as capital structures (interest expense), income taxes, depreciation and amortization expenses.
Explanations of Non-GAAP adjustments
(A) Purchase accounting adjustments. Purchase accounting adjustments consist of the following:
i. Acquired deferred revenue adjustment. We adopted ASU 2021-08 in the fourth quarter of 2021 for all acquisitions occurring in 2021 and going forward, which requires the application of ASC 606, Revenue from Contracts with Customers, to recognize and measure contract assets and contract liabilities on the acquisition date. For acquisitions occurring prior to 2021, non-GAAP revenue excludes the adjustment to our revenue as a result of measuring the contract liability at fair value on the acquisition date.
ii. Amortization of acquired capitalized commissions. Purchase accounting generally requires entities to eliminate capitalized sales commissions balances as of the acquisition date. Non-GAAP operating expenses exclude the adjustments that eliminate the capitalized sales commissions. For acquisitions occurring prior to 2021, non-GAAP operating expenses exclude the adjustment of acquired capitalized commissions amortization.
iii. Amortization of purchased intangible assets. Non-GAAP gross margin and operating expenses exclude the amortization of purchased intangible assets, which primarily represents technology and/or customer relationships already developed.
(B) Acquisition / divestiture items. Non-GAAP gross margin and operating expenses exclude acquisition costs consisting of external and incremental costs resulting directly from merger and acquisition and strategic investment activities such as legal, due diligence, integration, and other closing costs, including the acceleration of acquisition stock options and adjustments to the fair value of earn-out liabilities. Non-GAAP non-operating expense, net, excludes unusual one-time acquisition/divestiture charges as well as divestiture and strategic investment gains/losses. These are one-time costs that vary significantly in amount and timing and are not indicative of our core operating performance.
(C) Stock-based compensation / deferred compensation. Non-GAAP gross margin and operating expenses exclude stock-based compensation and income or expense associated with movement in our non-qualified deferred compensation plan liabilities. Changes in non-qualified deferred compensation plan assets, included in non-operating expense, net, offset the income or expense in the plan liabilities.
(D) Restructuring and other costs. Non-GAAP gross margin and operating expenses exclude restructuring and other exit costs comprised of termination benefits related to reductions in employee headcount, including executive severance agreements, the closure or exit of facilities, and cancellation of certain contracts. In addition, in 2022, other costs include a one-time charge for Russia and Belarus customer receivables and inventory, as well as a one-time $20 million commitment to donate to Trimble Foundation to be paid over four quarters.
(E) Non-GAAP items tax effected. This amount adjusts the provision for income taxes to reflect the effect of the non-GAAP items (A) - (D) on non-GAAP net income.
(F) Difference in GAAP and Non-GAAP tax rate. This amount represents the difference between the GAAP and non-GAAP tax rates applied to the non-GAAP operating income plus the non-GAAP non-operating expense, net. The non-GAAP tax rate excludes charges and benefits such as net deferred tax impacts resulting from a non-U.S. intercompany transfer of intellectual property and significant one-time reserve releases upon statute of limitations expirations.
(G) GAAP and non-GAAP tax rate percentages. These percentages are defined as GAAP income tax provision as a percentage of GAAP income before taxes and non-GAAP income tax provision as a percentage of non-GAAP income before taxes.
OTHER KEY METRICS
Annualized Recurring Revenue
In addition to providing non-GAAP financial measures, Trimble provides an ARR performance measure in order to provide investors with a supplementary indicator of the value of the Company's current recurring revenue contracts. ARR represents the estimated annualized value of recurring revenue, including subscription, maintenance and support revenue, and term license contracts for the quarter. ARR is calculated by adding the portion of the contract value of all of our term licenses attributable to the current quarter to our non-GAAP recurring revenue for the current quarter and dividing that sum by the number of days in the quarter and then multiplying that quotient by 365. ARR should be viewed independently of revenue and deferred revenue as it is a performance measure and is not intended to be combined with or to replace either of those items.
Organic Annualized Recurring Revenue
Organic annualized recurring revenue refers to annualized recurring revenue excluding the impacts of (i) foreign currency translation, and (ii) acquisitions and divestitures.
Organic Revenue
Organic revenue refers to revenue excluding the impacts of (i) foreign currency translation, and (ii) acquisitions and divestitures.
View original content:
SOURCE Trimble | https://www.dakotanewsnow.com/prnewswire/2022/08/05/trimble-announces-second-quarter-2022-results/ | 2022-08-05T12:08:52Z | https://www.dakotanewsnow.com/prnewswire/2022/08/05/trimble-announces-second-quarter-2022-results/ | true |
VANCOUVER, BC, Aug. 5, 2022 /PRNewswire/ - YourWay Cannabis Brands Inc. (CSE: YOUR) (OTC: YOURF) (FSE: HOB) (the "Company") reminds the shareholders of the Company (the "Shareholders") about the upcoming annual general and special meeting (the "Meeting") of Shareholders. If Shareholders wish to attend the Meeting, they may do so by calling 877-407-3088 (toll-free within North America) or 201-389-0927 (International). Shareholders are also reminded to have their 12-digit control number available when dialing into the Meeting.
The Meeting is scheduled to take place on August 8, 2022 at 1:00 p.m. EST. Upon dialing into the Meeting, registered Shareholders and their duly appointed proxyholders will be provided with the following link to the AGM Connect online voting platform: www.agmconnect.com/yourway2022.
For any matter at the Meeting that is conducted by way of ballot, registered Shareholders and duly appointed proxyholders will be asked to visit the AGM Connect online voting platform and select VOTE NOW where they may enter the meeting code YOURWAY and login using their 12-digit control number.
Each registered holder of common shares of the Company would have received a control number with their meeting materials mailed by the Company on July 5, 2022 and each registered holder of proportionate voting shares of the Company will receive a control number in an email from the Company or its counsel prior to the Meeting. Registered Shareholders and duly appointed proxyholders will use their control number to login and vote through the AGM Connect platform. Only registered Shareholders and duly appointed proxyholders will be entitled to access the AGM Connect online voting platform and vote live during the Meeting.
It is crucial that each registered Shareholder and duly appointed proxyholder has their control number should they wish to vote. Without a control number you will be unable to vote.
YourWay is a publicly traded, multi-state and consumer-centric House of Brands committed to redefining the way consumers and cannabis brands interact, with sales and operations in Arizona and California. Through building their own brands, partnering with others, and supporting retail partners control brand strategy, they are dedicated to expanding their reach; remolding the cannabis industry and ultimately, redefining the way consumers and cannabis brands interact.
YourWay aims to connect with the cannabis consumer on a deeper level, utilizing decades of brand-building expertise and an integral understanding of the customer experience to create an intuitive suite of branded products that closely aligns with consumer need states. The YourWay portfolio is an all-encompassing house of brands designed to create a sense of belonging for every cannabis consumer regardless of their relationship with the plant. Please visit www.yourwaycannabis.com or follow on Twitter at @yourwaycannabis for the latest news and information about YourWay and its brands.
Website: www.yourwaycannabis.com
This news release includes certain "forward-looking information" as defined under applicable Canadian securities legislation, including statements regarding the plans, intentions, beliefs, and current expectations of the Company with respect to the Meeting. Forward-looking information is often identified by the words "may", "would", "could", "should", "will", "intend", "plan", "anticipate", "believe", "estimate", "expect" or similar expressions and includes information regarding: the time and place of the Meeting; the use of the AGM Connect online voting platform at the Meeting; and process for voting at the Meeting. Forward-looking information is necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking information.
Investors are cautioned that forward-looking information is not based on historical fact but instead reflects management's expectations, estimates or projections concerning future results or events based on the opinions, assumptions and estimates of management considered reasonable at the date the statements are made. Although the Company believes that the expectations reflected in such forward-looking information are reasonable, such information involves risks and uncertainties, and undue reliance should not be placed on such information, as unknown or unpredictable factors could have material adverse effects on future results, performance, or achievements of the Company. Among the key factors that could cause actual results to differ materially from those projected in the forward-looking information are the following: the events subject to the internal investigation, regulatory and licensing risks; changes in consumer demand and preferences; changes in general economic, business and political conditions, including changes in the financial markets; the global regulatory landscape and enforcement related to cannabis, including political risks and risks relating to regulatory change; compliance with extensive government regulation; public opinion and perception of the cannabis industry; the impact of COVID-19; and the risk factors set out in the Company's annual information form dated August 28, 2020, filed with Canadian securities regulators and available on the Company's profile on SEDAR at www.sedar.com.
The Company, through several of its subsidiaries, is indirectly involved in the manufacture, possession, use, sale, and distribution of cannabis in the recreational and medicinal cannabis marketplace in the United States. Local state laws where the Company operates permit such activities however, investors should note that there are significant legal restrictions and regulations that govern the cannabis industry in the United States. Cannabis remains a Schedule I drug under the US Controlled Substances Act, making it illegal under federal law in the United States to, among other things, cultivate, distribute or possess cannabis in the United States. Financial transactions involving proceeds generated by, or intended to promote, cannabis-related business activities in the United States may form the basis for prosecution under applicable United States federal money laundering legislation.
While the approach to enforcement of such laws by the federal government in the United States has trended toward nonenforcement against individuals and businesses that comply with recreational and medicinal cannabis programs in states where such programs are legal, strict compliance with state laws with respect to cannabis will neither absolve the Company of liability under United States federal law, nor will it provide a defense to any federal proceeding which may be brought against the Company. The enforcement of federal laws in the United States is a significant risk to the business of the Company and any proceedings brought against the Company thereunder may adversely affect the Company's operations and financial performance.
Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking information prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated, or expected. Although the Company has attempted to identify important risks, uncertainties and factors that could cause actual results to differ materially, there may be others that cause results not to be as anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking information, which speak only as of the date of this news release. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by law.
View original content to download multimedia:
SOURCE YourWay Cannabis Brands | https://www.kbtx.com/prnewswire/2022/08/05/yourway-cannabis-brands-reminds-shareholders-annual-general-special-meeting-provides-details-meeting-procedures/ | 2022-08-05T12:10:45Z | https://www.kbtx.com/prnewswire/2022/08/05/yourway-cannabis-brands-reminds-shareholders-annual-general-special-meeting-provides-details-meeting-procedures/ | false |
KINSHASA, Congo (AP) — Congo’s government has requested that the spokesman for the United Nations mission in Congo leave the country, saying he has made inappropriate statements amid demonstrations against the presence of the U.N. peacekeepers.
Foreign Minister Christophe Lutundula wrote to the U.N. mission, known as MONUSCO, saying he considers that the current tensions between the U.N. and the population are due to the indelicate and inopportune statements by U.N. Congo spokesman Mathias Gillman.
“The Congolese government considers that the presence of this official on the national territory is not likely to promote a climate of mutual trust and serenity so essential between the Congolese institutions and MONUSCO,” the statement said.
“The Congolese government would greatly appreciate if arrangements are made for Mr. Gillman to leave the territory as soon as possible.”
U.N. spokesman Stephane Dujarric expressed regret at the government’s decision requesting Gillman to leave the country,
“In line with the status of the U.N. under the Charter of the organization, any concerns that the government may have regarding the actions of a member of MONUSCO should be raised directly with the mission leadership,” Dujarric said. “The mission and U.N. headquarters are accordingly engaging with the government to address this matter."
The U.N. Security Council was briefed behind closed doors Thursday by U.N. peacekeeping chief Jean-Pierre, who just returned from Congo, on the latest developments there.
The government did not point to specific statements made by Gillman, but in July during a press conference, he mentioned that MONUSCO and the Congolese army have limited means to deal with several fronts of attacks, in particular those by the M23 rebel group which has gained more weapons and is staging heavy attacks on civilians.
Dujarric said Gillman is currently not in Congo.
Congo’s government held a crisis meeting earlier this week to reassess the presence of United Nations peacekeepers after protests against the force in the country’s east killed at least 36 people and injured more than 170 others.
The government will also meet with the U.N. mission to discuss the possibilities for its withdrawal.
The U.N. force has already withdrawn from two provinces of Congo, Kasai and Tanganyika.
The statement from the foreign minister mentioned 2024 as the goal, saying that they wanted the spokesman removed to help “complete the transition plan for the end of its final withdrawal from Congo, by the horizon 2024, as agreed.”
The U.N. force in Congo, known as MONUSCO, has about 16,000 uniformed personnel but has not succeeded in stabilizing the country’s volatile east.
Congo’s mineral-rich east is home to myriad rebel groups. Security has worsened there despite a year of emergency operations by the armies of Congo and Uganda. Civilians in the east have also faced violence from jihadi rebels linked to the Islamic State group. Fighting has also escalated between Congolese troops and the M23 rebels, forcing nearly 200,000 people to flee their homes. | https://www.expressnews.com/news/article/Congo-asks-UN-mission-spokesman-to-leave-amid-17347926.php | 2022-08-05T12:12:00Z | https://www.expressnews.com/news/article/Congo-asks-UN-mission-spokesman-to-leave-amid-17347926.php | true |
Net sales growth of 31% compared with the second quarter of 2021, over 15% growth excluding the Cooper Tire transaction
Second quarter Goodyear net income of $166 million; adjusted net income of $131 million
Merger-adjusted segment operating income of $372 million, up 7% compared to the second quarter of 2021
Unit volume growth of 21%, including 7% in legacy business
Price/mix exceeded raw materials by more than $140 million
Revenue per tire (excluding currency impact) up 14% versus second quarter of 2021
AKRON, Ohio, Aug. 5, 2022 /PRNewswire/ -- The Goodyear Tire & Rubber Company (NASDAQ: GT) today reported results for the second quarter of 2022.
"Our second quarter and first half sales were the highest in a decade, reflecting the recent addition of Cooper Tire, the benefit of strong pricing actions across many of our key markets, and volume growth," said Richard J. Kramer, chairman, chief executive officer and president.
"With the increase in our top line, we continued to grow earnings despite elevated inflation and COVID-related disruptions in China. I am pleased with the agility and execution our teams demonstrated through the first half of the year."
Goodyear's second quarter 2022 sales were $5.2 billion, up 31% from a year ago. The increase was driven by the Cooper Tire merger, improvements in price/mix, higher volume, and increased sales from other tire-related businesses.
Tire unit volumes totaled 45.6 million, up 21% from the prior year's period. Replacement and original equipment tire unit volume increased 23% and 17%, respectively, reflecting the addition of Cooper Tire unit volume and growth in our legacy business.
Goodyear's second quarter 2022 net income was $166 million (58 cents per share) compared to net income of $67 million (27 cents per share) a year ago. There were several significant items in the period, including, on a pre-tax basis, a one-time gain of $95 million on a sale and leaseback transaction related to retail properties in Americas and a gain of $14 million related to a tariff-rate change, partially offset by rationalization charges of $26 million and pension settlement charges of $18 million.
Second quarter 2022 adjusted net income was $131 million compared to adjusted net income of $79 million in the prior year's quarter. Adjusted earnings per share were $0.46, compared to $0.32 in the prior year's quarter. Per share amounts are diluted.
The company reported segment operating income of $364 million in the second quarter of 2022, up $65 million from a year ago. The company also reported merger-adjusted segment operating income of $372 million, which excludes certain costs triggered by the Cooper Tire merger, up $23 million from a year ago. The increase in segment operating income primarily reflects improvements in price/mix, the Cooper Tire merger (including the non-recurrence of other transaction-related items in the prior year) and the impact of higher volume. These factors were partly offset by higher raw material costs, inflationary cost pressures in wages, benefits, energy and transportation and the non-recurrence of a $69 million benefit in the prior year related to a Brazilian Supreme Court ruling with respect to indirect taxes.
Year-to-Date Results
Goodyear's sales for the first six months of 2022 were $10.1 billion, a 35% increase from the 2021 period, primarily due to the Cooper Tire merger, improvements in price/mix, higher volume and increased sales from other tire-related businesses.
Tire unit volumes totaled 90.6 million, up 25% from 2021. Replacement tire shipments increased 29%. This growth included additional tire unit volume related to the Cooper Tire merger, which closed on June 7, 2021, the benefit of stronger industry demand and growth in our legacy business. Original equipment volume increased 13%, driven by higher vehicle production and new fitments.
Goodyear's net income was $262 million (91 cents per share) compared to net income of $79 million (32 cents per share) in the prior year's period. The first half of 2022 included several significant items, including, on a pre-tax basis, a one-time gain of $95 million on a sale and leaseback transaction related to retail properties in Americas and a gain of $14 million related to a tariff-rate change, partially offset by rationalization charges of $37 million and pension settlement charges of $18 million.
Goodyear's adjusted net income for the first six months of 2022 was $236 million (83 cents per share), compared to adjusted net income of $184 million (76 cents per share) in the prior year's period. Per share amounts are diluted.
The company reported segment operating income of $667 million for the first six months of 2022, up $142 million from a year ago. The company also reported merger-adjusted segment operating income of $683 million, which excludes certain costs triggered by the Cooper Tire merger, up $108 million from the prior year. The increase in segment operating income primarily reflects the impacts of improvements in price/mix, the Cooper Tire merger, including the non-recurrence of other transaction-related items in the prior year, and higher volume. These factors were partly offset by higher raw material costs as well as inflationary cost pressures in wages, benefits, energy and transportation.
Reconciliation of Non-GAAP Financial Measures
See the note at the end of this release for further explanation and reconciliation tables for Total Segment Operating Income and Margin; Merger-Adjusted Segment Operating Income and Margin; Adjusted Net Income; and Adjusted Diluted Earnings per Share, reflecting the impact of certain significant items on the 2022 and 2021 periods.
Business Segment Results
Americas' second quarter 2022 sales of $3.1 billion were nearly 40% higher than in 2021, driven by the Cooper Tire merger, improvements in price/mix, and increased sales from other tire-related businesses. Tire unit volume increased 22%. Replacement tire unit volume increased 24%, driven by the addition of Cooper Tire volume to the company's reported results. Original equipment unit volume increased almost 13%, reflecting an improvement in vehicle production.
Second quarter 2022 segment operating income of $293 million was up $60 million from the prior year's quarter. The increase was driven by improvements in price/mix and the Cooper Tire merger. These factors were partially offset by higher raw material costs, inflationary cost pressures and the non-recurrence of a $69 million benefit in the prior year related to a Brazilian Supreme Court ruling with respect to indirect taxes.
Europe, Middle East and Africa's second quarter 2022 sales increased 22% from last year to $1.5 billion, primarily due to improvements in price/mix, higher volume and the Cooper Tire merger. Tire unit volume increased 21%. Replacement tire unit volume rose 25% due to ongoing industry recovery from the pandemic. Original equipment unit volume increased 7%, reflecting improved vehicle production and share gains.
Second quarter 2022 segment operating income of $52 million was up $9 million from the prior year's quarter, driven by improvements in price/mix and the impact of higher volume. These factors were partially offset by higher raw material costs and inflationary cost pressures.
Asia Pacific's second quarter 2022 sales increased 15% to $568 million, driven by higher volume, the Cooper Tire merger and improvements in price/mix. Tire unit volume increased 20% due to the addition of Cooper Tire's units and growth in the consumer business outside of China. Replacement tire unit volume increased 10%. Original equipment unit volume increased 38% due to new fitments.
Second quarter 2022 segment operating income of $19 million was down $4 million from the prior year's quarter, driven by higher raw material costs and inflationary cost pressures, partly offset by improvements in price/mix, higher volume and the Cooper Tire merger.
Rationalization Programs
During the quarter, the company approved a plan related to the integration of Cooper Tire aimed at reducing duplicative global administrative headcount and closing redundant Cooper Tire warehouse locations in Americas. The plan will result in approximately 490 job reductions. The program is in line with previously announced planned synergies, costs to achieve, and cash rationalization payment estimates.
Conference Call
Goodyear will hold an investor conference call at 8:30 a.m. EDT today. Prior to the commencement of the call, the company will post the financial and other related information that will be presented on its investor relations website: http://investor.goodyear.com.
Participating in the conference call will be Richard J. Kramer, chairman, chief executive officer and president; Darren R. Wells, executive vice president and chief financial officer; and Christina L. Zamarro, vice president, finance and treasurer.
Investors, members of the media and other interested persons can access the conference call on the website or via telephone by calling either (877) 830-2596 or (785) 424-1744 before 8:25 a.m. EDT and providing the Conference ID "Goodyear." A taped replay will be available by calling (888) 566-0179 or (402) 530-9316. The replay will also remain available on the website.
About Goodyear
Goodyear is one of the world's largest tire companies. It employs about 72,000 people and manufactures its products in 57 facilities in 23 countries around the world. Its two Innovation Centers in Akron, Ohio, and Colmar-Berg, Luxembourg, strive to develop state-of-the-art products and services that set the technology and performance standard for the industry. For more information about Goodyear and its products, go to www.goodyear.com/corporate. GT-FN
Certain information contained in this press release constitutes forward-looking statements for purposes of the safe harbor provisions of The Private Securities Litigation Reform Act of 1995. There are a variety of factors, many of which are beyond our control, that affect our operations, performance, business strategy and results and could cause our actual results and experience to differ materially from the assumptions, expectations and objectives expressed in any forward-looking statements. These factors include, but are not limited to: our ability to achieve the expected benefits of the Cooper Tire & Rubber Company acquisition; the impact on us of the COVID-19 pandemic; increases in the prices paid for raw materials and energy; inflationary cost pressures; delays or disruptions in our supply chain or the provision of services to us; changes in tariffs, trade agreements or trade restrictions; our ability to implement successfully our strategic initiatives; actions and initiatives taken by both current and potential competitors; deteriorating economic conditions or an inability to access capital markets; a labor strike, work stoppage, labor shortage or other similar event; work stoppages, financial difficulties, labor shortages or supply disruptions at our suppliers or customers; the adequacy of our capital expenditures; foreign currency translation and transaction risks; our failure to comply with a material covenant in our debt obligations; potential adverse consequences of litigation involving the company; as well as the effects of more general factors such as changes in general market, economic or political conditions or in legislation, regulation or public policy. Additional factors are discussed in our filings with the Securities and Exchange Commission, including our annual report on Form 10-K, quarterly reports on Form 10-Q and current reports on Form 8-K. In addition, any forward-looking statements represent our estimates only as of today and should not be relied upon as representing our estimates as of any subsequent date. While we may elect to update forward-looking statements at some point in the future, we specifically disclaim any obligation to do so, even if our estimates change.
(financial statements follow)
Non-GAAP Financial Measures (unaudited)
This earnings release presents Total Segment Operating Income and Margin, Merger-Adjusted Segment Operating Income and Margin, Adjusted Net Income and Adjusted Diluted Earnings Per Share (EPS), which are important financial measures for the company but are not financial measures defined by U.S. GAAP, and should not be construed as alternatives to corresponding financial measures presented in accordance with U.S. GAAP.
Total Segment Operating Income is the sum of the individual strategic business units' (SBUs') Segment Operating Income as determined in accordance with U.S. GAAP. Total Segment Operating Margin is Total Segment Operating Income divided by Net Sales as determined in accordance with U.S. GAAP. Management believes that Total Segment Operating Income and Margin are useful because they represent the aggregate value of income created by the company's SBUs and exclude items not directly related to the SBUs for performance evaluation purposes. The most directly comparable U.S. GAAP financial measure to Total Segment Operating Income is Goodyear Net Income and to Total Segment Operating Margin is Return on Sales (which is calculated by dividing Goodyear Net Income by Net Sales).
Merger-Adjusted Segment Operating Income is Total Segment Operating Income less the impact of the amortization of inventory step-up adjustments, the incremental amortization of intangible assets and other transaction-related items related to the Cooper Tire merger. Merger-Adjusted Segment Operating Margin is Merger-Adjusted Segment Operating Income divided by Net Sales as determined in accordance with U.S. GAAP. Management believes that Merger-Adjusted Segment Operating Income and Margin are useful because they allow investors to understand and evaluate the aggregate value of income created by the company's SBUs in a manner that is more comparable to the performance of The Goodyear Tire & Rubber Company and Cooper Tire & Rubber Company in the periods before the merger by adjusting for certain expenses related to the Cooper Tire merger, including amortization of the Cooper Tire inventory step-up adjustments, incremental amortization of Cooper Tire intangible assets and other transaction-related items.
Adjusted Net Income is Goodyear Net Income as determined in accordance with U.S. GAAP adjusted for certain significant items. Adjusted Diluted Earnings Per Share is the company's Adjusted Net Income divided by Weighted Average Shares Outstanding-Diluted as determined in accordance with U.S. GAAP. Management believes that Adjusted Net Income and Adjusted Diluted Earnings Per Share are useful because they represent how management reviews the operating results of the company excluding the impacts of non-cash impairment charges, rationalizations, asset write-offs, accelerated depreciation, asset sales and certain other significant items.
It should be noted that other companies may calculate similarly titled non-GAAP financial measures differently and, as a result, the measures presented herein may not be comparable to such similarly titled measures reported by other companies.
See the tables below for reconciliations of historical Total Segment Operating Income and Margin, Merger-Adjusted Segment Operating Income and Margin, Adjusted Net Income and Adjusted Diluted Earnings Per Share to the most directly comparable U.S. GAAP financial measures.
View original content to download multimedia:
SOURCE The Goodyear Tire & Rubber Company | https://www.mysuncoast.com/prnewswire/2022/08/05/goodyear-reports-second-quarter-first-half-2022-results/ | 2022-08-05T12:15:45Z | https://www.mysuncoast.com/prnewswire/2022/08/05/goodyear-reports-second-quarter-first-half-2022-results/ | false |
With heat advisories in place across much of the state as another hot and humid day grips New Jersey, forecasters say possible heavy downpours could lead to flooding Friday afternoon and evening.
There’s also a shot of rain on Saturday and Sunday, in what will be another very warm weekend.
The precipitation on Friday won’t last for hours, though “when it is raining it could be quite heavy,” the National Weather Service said Friday morning. The best estimate for storms arriving is around sunset — approximately 8:10 p.m.
Rain is likely to overspread most of the state at some point. In addition, there is an elevated risk for lightning accompanying Friday’s storms.
AccuWeather.com says “drenching downpours” might lead to flooding in urban areas and the flooding of small streams, with the main window for rain from 5 p.m. to 9 p.m.
Otherwise, the pattern of hot, humid weather will continue Friday. Conditions won’t be nearly as stifling as on Thursday, but temperatures will still top out in the low 90s across much of the state. The heat index, which indicates how hot in will feel once the humidity is factored in, will be mainly in the mid to upper 90s.
A heat advisory remains in effect until 8 p.m. Friday for Bergen, Burlington, Camden, Essex, Gloucester, Hudson, Mercer, Middlesex, western Monmouth, Ocean, Passaic, Somerset and Union counties.
Saturday will still be plenty warm with highs of around 90 and heat indices in the mid to upper 90s under partly sunny skies. Afternoon showers and thunderstorms are again possible — the weather service says there’s a 20% to 50% chance of rain.
Sunday is expected to be the hotter of the two weekend days as temps settle in the low 90s with plenty of humidity. Once again, afternoon storms can’t be ruled out. The heat index will climb to 100 over a large portion of the state, the weather service said Friday.
Our journalism needs your support. Please subscribe today to NJ.com.
Jeff Goldman may be reached at jeff_goldman@njadvancemedia.com. | https://www.nj.com/weather/2022/08/nj-weather-drenching-downpours-possible-on-a-very-hot-friday.html | 2022-08-05T12:16:15Z | https://www.nj.com/weather/2022/08/nj-weather-drenching-downpours-possible-on-a-very-hot-friday.html | false |
GREENBELT, Md. (AP) — A West Virginia man was sentenced Thursday to three years in federal prison after he sent emails threatening Dr. Anthony Fauci and another federal health official for talking about the coronavirus and efforts to prevent its spread.
Using an anonymous email account based in Switzerland, Thomas Patrick Connally, Jr. threatened to kill Fauci or members of his family, the U.S. Department of Justice said in a news release. One of his messages said they would be “dragged into the street, beaten to death, and set on fire."
Another email said Fauci would be “hunted, captured, tortured and killed,” according to court records.
Fauci is President Joe Biden’s chief medical adviser and director of the National Institute of Allergy and Infectious Diseases, which is part of the National Institutes of Health in Bethesda, Maryland. Fauci has been a vocal supporter of vaccines and other preventive measures against COVID-19. He said he expects to retire at the end of Biden's current term.
Another target was Dr. Francis Collins, who was director of NIH at the time of Connally's threats. Collins and his family were threatened with physical assault and death if Collins continued to speak about the need for “mandatory” COVID-19 vaccinations, the Justice Department said.
Connally also admitted to sending emails threatening Dr. Rachel Levine, Pennsylvania's then-Secretary of Health, the Justice Department said. An unidentified public health official in Massachusetts and a religious leader in New Jersey were also threatened.
“Everyone has the right to disagree, but you do not have the right to threaten a federal official’s life,” Erek L. Barron, U.S. Attorney for the District of Maryland, said in a statement.
U.S. District Judge Paula Xinis sentenced Connally to 37 months in prison followed by three years of supervised release. Connally most recently lived in Snowshoe, West Virginia.
He was arrested last summer, and pleaded guilty in May to making threats against a federal official. | https://www.expressnews.com/news/article/Man-who-threatened-Dr-Fauci-other-official-17352887.php | 2022-08-05T12:19:33Z | https://www.expressnews.com/news/article/Man-who-threatened-Dr-Fauci-other-official-17352887.php | false |
POKROVSK, Ukraine (AP) — Ukrainian forces have exposed civilians to Russian attacks at times by basing themselves in schools, residential buildings and other places in populated areas, according to a report Amnesty International published Thursday.
Ukrainian President Volodymyr Zelenskyy angrily denounced the report, saying Amnesty International “tries to amnesty the terrorist state and shift the responsibility from the aggressor to the victim.”
“If you provide manipulative reports,” Zelenskyy said in his nightly video address, “then you share the responsibility for the death of people with them.”
AP journalists observed several scenes in recent weeks that mirrored the findings of Amnesty’s researchers, including the aftermath of weapon strikes in eastern Ukraine where Ukrainian fighters, their vehicles or items such as ammunition were at attack sites.
At two locations, the AP was told a soldier or soldiers had been killed. At a third, emergency workers blocked reporters from filming victims of a Russian strike on a residential building, which was unusual; locals said military personnel had been staying there.
In a report released Thursday, Amnesty International said its researchers, between April and July, “found evidence of Ukrainian forces launching strikes from within populated residential areas, as well as basing themselves in civilian buildings in 19 towns and villages” in three regions.
Amnesty also said it found Ukrainian forces using hospitals as military bases in five places, in “a clear violation of international humanitarian law.” The report noted that parties to a conflict must “avoid locating, to the maximum extent feasible, military objectives within or near densely populated areas.”
Combatants also must remove civilians from the “vicinity of military objectives” and warn of possible attacks, the report said, adding that “viable alternatives were available that would not endanger civilians, such as military bases or densely wooded areas nearby, or other structures further away from residential areas.”
At the same time, its authors stressed that the “Ukrainian military’s practice of locating military objectives within populated areas does not in any way justify indiscriminate Russian attacks.”
Ukrainian authorities have repeatedly asked the remaining residents of the Donetsk region to evacuate, but starting anew elsewhere is not that easy. Tens of thousands of people who left their homes since Russia’s invasion have returned after running out of support or feeling unwelcome.
The AP reported last week that one evacuee was killed in a missile strike two days after returning home to the city of Pokrovsk in Donetsk. Neighbors expressed anger that Ukrainian fighters had set up base in their residential area on the city’s outskirts. As AP journalists looked at the missile crater, a uniformed fighter walked over from the adjacent plot of land and questioned their presence.
In the city of Kramatorsk, closer to the front line, residents told the AP after a strike in a residential area that soldiers had been staying there. The AP saw soldiers entering and leaving a Kramatorsk apartment building hit by a separate strike.
And in Kharkiv, Ukraine’s second-largest city, the AP saw soldiers and military vehicles at a teaching university that was hit. Soldiers and supplies also were present at a school for the disabled where a Russian strike left two craters in the schoolyard.
Aside from witness accounts, Amnesty International relied on satellite imagery and remote sensing. Its researchers heard outgoing fire from nearby Ukrainian positions while examining damaged residential areas in the regions of Kharkiv, Mykolaiv and Donbas. The Donbas region, which consists of Donetsk and Luhansk provinces, is where the war’s most intense fighting has taken place since April.
The mother of a man killed in a rocket attack in a village near Mykolaiv told researchers that Ukrainian forces had stayed in a house next to theirs. The researchers found military uniforms and equipment there, according to the report.
Ukrainian Foreign Minister Dmytro Kuleba released a video statement denouncing the report as “unfair” and expressing his outrage about it.
“Such behavior by AI is not about seeking the truth and bringing it to the world, it is about creating a false balance between a criminal and a victim, between a country that is annihilating civilian populations by the hundreds and the thousands, (is destroying) cities and entire areas, and a country that is desperately defending itself, saving its people and the continent from this invasion,” Kuleba said.
Ukrainian Defense Minister Oleksii Reznikov also weighed in with a Facebook post.
“Any attempts to even in passing equate the unprovoked Russian aggression and Ukraine’s self-defense, like it is done in the Amnesty International report, is evidence of losing adequacy and a way to destroy one’s authority,” Reznikov wrote.
Presidential advisor Mykhailo Podolyak, in turn, accused the group on Twitter of participating in a “disinformation and propaganda campaign” by Moscow to discredit Ukraine’s armed forces.
Russian state and pro-Kremlin media have extensively quoted the report, whose findings somewhat align with Moscow’s official narrative. Russia has justified attacks on civilian areas by alleging that Ukrainian fighters are setting up firing positions there.
“We’re talking about it all the time, calling the actions of Ukraine’s armed forces the tactics of using the civilian population as a ‘human shield,’” Russian Foreign Ministry spokeswoman Maria Zakharova wrote on Telegram of the report.
Ukrainian soldiers also have routinely based themselves in schools, Amnesty said. Even though Ukraine’s schools have been closed since Russia’s invasion, most are near residential neighborhoods. The rights group’s researchers found soldiers or evidence of military activity at 22 out of 29 schools visited.
“In at least three towns, after Russian bombardment of the schools, Ukrainian soldiers moved to other schools nearby, putting the surrounding neighborhoods at risk of similar attacks,” the report said.
The full scope of the issue is unknown. A Human Rights Watch report last month identified three occasions when Ukrainian forces were based among residential homes and four occasions when Russian forces set up military bases in populated areas of Ukraine.
___
Follow AP’s coverage of the war in Ukraine at https://apnews.com/hub/russia-ukraine | https://www.wearegreenbay.com/international/ap-international/ukrainian-forces-endanger-civilians-by-using-homes-schools/ | 2022-08-05T12:19:51Z | https://www.wearegreenbay.com/international/ap-international/ukrainian-forces-endanger-civilians-by-using-homes-schools/ | true |
Willows are sunglasses unlike anything that you probably have tried before. Founded by Sasha Mayer in a moment of struggle and pain, became a product so unique. The LA based brand has garnered 37 million views on Tik Tok, and the growth has given rise to a different way to wear sunglasses, for both men and women.
Instead of a temple and temple tip, an 18k gold plated chain with ethically sourced crystals from Brazil at the tip of each chain replaces the normality of sunglasses the way we’re used to seeing them. “I started tinkering with the idea of making a chain temple product as early as 2010 and was using flat metal shapes as the pendants - I never brought that version to market because I wasn’t 100% happy with the pendants. After my son was born and I went through a tough divorce, a lot of my friends started bringing me crystals. I immediately realized that their grounding nature and beauty was the missing piece to my product and so Willows, as we know it today, was born,” shares Mayer.
It was in 2014 that Mayer was coming out of an unhealthy marriage and also dealing with her mother’s lung cancer diagnosis. These struggles and a leap of faith is what led her to start her own brand. It ushered in a new phase in her life, one of renewal that let her create a foundation for her son. A year later the single mom launched Willows, an idea that came from a pair of her mother’s vintage sunglasses.
The A Little Bit Alexis are UV400 brown tinted sunglasses with a pentagon shape and side shield. The crystal for the tip of the chain can be clear quartz, rose quartz, citrine, amethyst, or selenite. The Me and Pinke McGee sunglasses have a groovy retro feel about them. They are UV400 pink lenses with an electroplated rose quartz pendant at the end of the chain tips. The Desert Fairy sunglasses are off-shite acetate frames with blue to pink ombre UV400 lenses. There is an ambience of chic hippiness about them. They come with a rose quartz box chain, and a rose quartz star and moon pendant.
It's Mayer’s retro love of things that is her guide in designing the frames. “I am heavily influenced by the 60’s and 70’s, but I listen to my customers and always want to make sure we have a variety of styles so that there is something for everyone in our offerings,” she continues.
A unique twist to Willows sunglasses is that they reduce headaches. “The fact that chain temple glasses reduce headaches is just one of the many additional bonuses to our eyewear. So many people suffer from headaches when they wear glasses (myself included) and because our eyewear’s weight distributes differently, it doesn’t put any pressure on the temples at all and our customers love that!” she muses.
But in addition to the practicality of the sunglasses, they are stylish coming in various styles and colors, perfect for anytime of the year. They’re sure to catch the attention of others due to their temple-less shape and chain. | https://www.forbes.com/sites/allysonportee/2022/08/05/willows-the-unique-la-based-sunglasses-that-are-sparking-attention/ | 2022-08-05T12:24:02Z | https://www.forbes.com/sites/allysonportee/2022/08/05/willows-the-unique-la-based-sunglasses-that-are-sparking-attention/ | false |
From aviation to slay-viation
This airport worker’s dance moves are turning him into a viral sensation -- even getting attention from Beyoncé! ABC News’ Will Ganss has the details.
Examined
Examined
What’s next for Russia?
Jun 29What comes next after Texas school shooting?
May 25What's next for abortion rights in America?
May 03The new battle for voting rights
May 02How we can build a clean and renewable future
Apr 19The fight for Kyiv
Mar 11Examining extremism in the military
Apr 27Gun violence: An American epidemic?
Oct 25Border crisis: What’s happening at the US-Mexico border?
Jun 18Remembering George Floyd: A year of protest
May 25The source of COVID-19: What we know
Apr 07How did the GameStop stock spike on Wall Street happen?
Feb 12Why are people hesitant to trust a COVID-19 vaccine?
Dec 10How climate change and forest management make wildfires harder to contain
Sep 29Disparity in police response: Black Lives Matter protests and Capitol riot
Feb 232020 in review: A year unlike any other
Dec 22Examined: How Putin keeps power
Mar 12Why don’t the Electoral College and popular vote always match up?
Oct 29US crosses 250,000 coronavirus deaths
Nov 182nd Impeachment Trial: What this could mean for Trump
Feb 08Presidential transition of power: Examined
Dec 01How Donald Trump spent his last days as president
Jan 18How Joe Biden's inauguration will be different from previous years
Jan 15Belarus’ ongoing protests: Examined
Dec 04Trump challenges the vote and takes legal action
Nov 052020’s DNC and RNC are different than any before
Aug 17What is happening with the USPS?
Aug 20Voting in 2020 during COVID-19
Oct 13Disinformation in 2020
Oct 30
ABC News Specials on
The Ivana Trump Story: The First Wife
Aftershock
Mormon No More
Leave No Trace: A Hidden History of the Boy Scouts
Keeper of the Ashes: The Oklahoma Girl Scout Murders
The Orphans of COVID: America's Hidden Toll
Superstar: Patrick Swayze
The Kardashians -- An ABC News Special
24 Months That Changed the World
Have You Seen This Man?
Two Men at War
Putin's War: The Battle to Save Ukraine
Screen Queens Rising
X / o n e r a t e d - The Murder of Malcolm X and 55 Years to Justice
Homegrown: Standoff to Rebellion
Alec Baldwin: Unscripted
The Housewife and the Shah Shocker
City of Angels | City of Death
3212 UN-REDACTED
The Informant: Fear and Faith in the Heartland | https://abcnews.go.com/WNN/video/aviation-slay-viation-87989887 | 2022-08-05T12:25:00Z | https://abcnews.go.com/WNN/video/aviation-slay-viation-87989887 | false |
NPR's Leila Fadel talks to Yun Sun of the Stimson Center in Washington, about China's objectives following live fire military exercises with missile strikes in the waters surrounding Taiwan.
Copyright 2022 NPR
NPR's Leila Fadel talks to Yun Sun of the Stimson Center in Washington, about China's objectives following live fire military exercises with missile strikes in the waters surrounding Taiwan.
Copyright 2022 NPR | https://www.wunc.org/2022-08-05/tensions-increase-between-taiwan-and-china-after-pelosi-visits-taipei | 2022-08-05T12:26:05Z | https://www.wunc.org/2022-08-05/tensions-increase-between-taiwan-and-china-after-pelosi-visits-taipei | false |
This is a carousel. Use Next and Previous buttons to navigate
WASHINGTON (AP) — The federal government declared a public health emergency Thursday to bolster the response to the monkeypoxoutbreak that has infected more than 7,100 Americans.
The announcement will free up money and other resources to fight the virus, which may cause fever, body aches, chills, fatigue and pimple-like bumps on many parts of the body.
“We are prepared to take our response to the next level in addressing this virus, and we urge every American to take monkeypox seriously,” said Xavier Becerra, head of the U.S. Department of Health and Human Services.
The declaration by HHS comes as the Biden administration has faced criticism over monkeypox vaccine availability. Clinics in major cities such as New York and San Francisco say they haven’t received enough of the two-shot vaccine to meet demand, and some have had to stop offering the second dose to ensure supply of first doses.
The White House said it has made more than 1.1 million doses available and has helped to boost domestic diagnostic capacity to 80,000 tests per week.
The monkeypox virus spreads through prolonged skin-to-skin contact, including hugging, cuddling and kissing, as well as sharing bedding, towels and clothing. The people who have gotten sick so far have been primarily men who have sex with men. But health officials emphasize that the virus can infect anyone.
No one in the United States has died. A few deaths have been reported in other countries.
Earlier this week, the Biden administration named top officials from the Federal Emergency Management Agency and the Centers for Disease Control and Prevention to serve as the White House coordinators to combat monkeypox.
Thursday's declaration is an important — and overdue — step, said Lawrence Gostin, a public health law expert at Georgetown University.
“It signals the U.S. government’s seriousness and purpose, and sounds a global alarm,” he said.
Under the declaration, HHS can draw from emergency funds, hire or reassign staff to deal with the outbreak and take other steps to control the virus.
For example, the announcement should help the federal government to seek more information from state and local health officials about who is becoming infected and who is being vaccinated. That information can be used to better understand how the outbreak is unfolding and how well the vaccine works.
Gostin said the U.S. government has been too cautious and should have declared a nationwide emergency earlier. Public health measures to control outbreaks have increasingly faced legal challenges in recent years, but Gostin didn’t expect that to happen with monkeypox.
“It is a textbook case of a public health emergency,” Gostin said. “It’s not a red or a blue state issue. There is no political opposition to fighting monkeypox.”
A public health emergency can be extended, similar to what happened during the COVID-19 pandemic, he noted.
The urgency in the current response stems from the rapid spread of the virus coupled with the limited availability of the two-dose vaccine called Jynneos, which is considered the main medical weapon against the disease.
The doses, given 28 days apart, are currently being given to people soon after they think they were exposed, as a measure to prevent symptoms.
Becerra announced the emergency declaration during a call with reporters. During the call, Food and Drug Administration Commissioner Robert Califf said regulators are reviewing an approach that would stretch supplies by allowing health professionals to vaccinate up to five people — instead of one — with each vial of Jynneos.
Under this so-called “dose-sparing” approach, physicians and others would use a shallower injection under the skin, instead of the subcutaneous injection currently recommended in the vaccine’s labeling.
Califf said a decision authorizing that approach could come “within days.”
That would require another declaration, to allow the government to alter its guidelines on how to administer the vaccine, officials said.
Health officials pointed to a study published in 2015 that found that Jynneos vaccine administered that way was as effective at stimulating the immune system as when the needle plunger deeper into other tissue.
But experts also have acknowledged they are still gathering information on how well the conventional administration of one or two full doses works against the outbreak.
Others health organizations have made declarations similar to the one issued by HHS.
Last week, the World Health Organization called monkeypox a public health emergency, with cases in more than 70 countries. A global emergency is WHO’s highest level of alert, but the designation does not necessarily mean a disease is particularly transmissible or lethal.
California, Illinois and New York have all made declarations in the last week, as have New York City, San Francisco and San Diego County.
The declaration of a national public health emergency and the naming of a monkeypox czar are “symbolic actions,” said Gregg Gonsalves, a Yale University infectious diseases expert.
What’s important is that the government is taking the necessary steps to control the outbreak and — if it comes to that — to have a plan for how to deal with monkeypox if it becomes endemic, he said.
Monkeypox is endemic in parts of Africa, where people have been infected through bites from rodents or small animals. It does not usually spread easily among people.
But in May, a wave of unexpected cases began emerging in Europe and the United States. Now more than 26,000 cases have been reported in countries that traditionally have not seen monkeypox.
___
Stobbe reported from New York City. Associated Press Health Writer Matthew Perrone contributed to this report. | https://www.expressnews.com/news/article/US-to-declare-health-emergency-over-monkeypox-17351693.php | 2022-08-05T12:27:00Z | https://www.expressnews.com/news/article/US-to-declare-health-emergency-over-monkeypox-17351693.php | false |
Beverly Hills Car Club and its ‘Real Housewives’ owner sell dream cars. Some spark legal battles
A warehouse along the train tracks east of downtown Los Angeles isn’t where you’d expect to encounter a sprawling collection of classic cars. But beyond a spiked metal fence — and about 15 miles from Beverly Hills proper — you’ll find Beverly Hills Car Club.
Inside, row after row of Porsches, Jaguars, Ferraris, Mercedes-Benzes and other vehicles sit under fluorescent lights in rooms decorated with automobilia. Some look like they belong in a museum, others in a scrapyard. This immense and varied inventory is just one distinguishing feature of the upstart dealership, which has challenged the traditional business model of the classic car industry as it has grown to be one of the nation’s biggest sellers.
The force behind the company is Alex Manos, 40, a telegenic entrepreneur of the internet age. With a web-focused operation optimized for easy browsing and a social media presence that promotes the dream of classic car ownership, his dealership has differentiated itself in an industry that at times can be overly tradition-bound. Manos has become a celebrity within the automotive sector and is increasingly finding fame beyond it: He is engaged to Farrah Aldjufrie, daughter of “The Real Housewives of Beverly Hills” star Kyle Richards, and has appeared on the show at the dealership.
The marketplace for classic cars can seem opaque — and perilous — for a novice. Dealers have limited inventories and charge premium prices for pristine rides. Auction houses tack on big fees and require mastery of complex bidding processes. Private-party sellers could be located across the country, or on another continent. It can take years of scouring the classified pages of car magazines, messages boards, and Craigslist to find rare models.
Beverly Hills Car Club appears to take away the friction of the experience. Its website documents every car in its inventory with studio photography and promotes many with well-honed social media posts. Unlike most classics dealers, Beverly Hills Car Club offers hundreds of vehicles, many of them uncommon or unusual, at just about every price point — and all manner of condition. The presence of cars pocked with dents, blanketed in rust or missing key components has led one classic car consultant to compare the dealership to a thrift store.
“The cars we sell could need work, but they also could be perfect. We have a car for $5,000 and that car is a million dollars,” said Manos, referring to a rare 1961 Mercedes-Benz 300 SL Roadster. “That’s what makes us unique and brought us so much attention.”
This business model has made Beverly Hills Car Club stand out — for better or worse. Removing barriers to classic car ownership has spurred the company’s growth, but it also has been a source of trouble: When transactions go awry, the problems tend to involve allegedly damaged or compromised cars.
Over the years, customers have alleged in lawsuits that Beverly Hills Car Club sold them vehicles that had undisclosed damage, defective parts or were misrepresented by the company. Buyers who spent tens of thousands of dollars wound up mired in years of litigation and never got to enjoy their dream cars. In one instance, the dealership sold a rare Porsche 911 that allegedly included parts from a different vehicle. Beverly Hills Car Club was also investigated by state regulators for having two stolen cars in its inventory; it got off with a written warning, records show. Articles on the company’s website written by Manos contain language plagiarized from automotive publications and other sources, reporting by The Times has revealed.
“I am extremely proud of the company my family has built and the countless loyal customers who continue to recommend us and do repeat business with us,” Manos, co-owner and chief financial officer of the dealership, said in a statement. “When assessing the work of our company, it is critical to understand that the isolated legal disputes represent a tiny fraction of the 14,000 cars we have bought and sold during the past 13 years.”
High gasoline prices and concerns about climate change and pollution are pushing some drivers to turn vintage cars into electric vehicles.
Many customers appreciate the convenience, among them photographer Tyler Shields, who purchased a 1962 Rolls-Royce Silver Shadow to blow it up in the Mojave Desert in the name of art. Asked about the meaning of the project, which he documented with a series of photographs showing the car engulfed in flames, Shields quoted a line from the film “Fight Club”: “The things you own end up owning you.”
Later, Shields bought a 1982 Ferrari 308 GTSi that he drives regularly. “They are the only place that operates the way that they do, and has the things that they have,” he said.
‘Volume and velocity’
It all began with a Lincoln Continental. It was around 2004, and Manos was restoring a black convertible, like the one in the opening sequence of the HBO hit “Entourage.” Manos spent a year getting it just right.
“It needed everything,” he said.
Subscriber Exclusive Alert
If you're an L.A. Times subscriber, you can sign up to get alerts about early or entirely exclusive content.
You may occasionally receive promotional content from the Los Angeles Times.
He eventually sold the Continental at a profit, but came away realizing it simply wasn’t worth the expense. “If you divide your time by the year, by how much effort you’re putting in, you’re not really making any money,” Manos said.
The experience came to mind a few years later when he and his mother, Versa Manos, were discussing starting a classic car dealership. He explained: “The light bulb moment when we started this was — let’s make it small margin, and move volume, and scale the business.”
Manos and his mother launched Beverly Hills Car Club in 2009. What began as a homespun project now employs 45 people at a cavernous warehouse facility.
During a tour of Beverly Hills Car Club, the breadth of offerings was on display. Take two cars parked next to each other: a 1939 Delahaye 135M Cabriolet for sale for $185,000, and a 1974 Datsun 260Z offered at $29,950. The Datsun is a relatively common Japanese sports car described by the dealership as “mechanically sound,” and with its shining orange paint and clean interior, the coupe looks as though it could be driven as-is for miles to come. The Delahaye, meanwhile, is an exceedingly rare French vehicle that Beverly Hills Car Club says is the only one of its kind still in existence. But the 135M would require a complete restoration — it has significant rust damage, the convertible top is tattered and the interior is filled with cardboard boxes holding several parts.
Most of the dealership’s competitors keep smaller inventories and do not advertise vehicles with major cosmetic or mechanical problems, instead presenting cars in top condition.
“We do not materially change or alter the vehicles we buy and sell,” said Manos, who gave The Times a short, on-the-record interview during the tour but otherwise answered questions via email. “We want our customers to be able to fulfill their dreams as to what the car will ultimately look like and how it will perform. Our customers find great joy in rebuilding and customizing their dream cars.”
A gold pocket watch said to have been made for J.P. Morgan disappeared, prompting a hunt that plunged into the baroque world of high-end antiquities.
The dealership inspects automobiles that come in, with a multi-step intake process that includes cleaning and detailing, photography in a studio, a 108-point inspection, and ends with a test-drive — if the vehicle is working. But it will not sink in the time, labor and expense needed to turn an acquisition into a showpiece.
Indeed, Manos noted that Beverly Hills Car Club sells some cars that are “inoperable,” and designated “planned non-operation” with the California Department of Motor Vehicles — a classification for vehicles that won’t be driven.
Would-be buyers are encouraged to “carefully inspect the classic vehicles they are interested in purchasing,” and arrange for on-site assessments by independent experts who can conduct “proper due diligence,” Manos said.
Bill Kelley is one such an expert, part of a growing field of gearheads who, for a price, inspect vehicles on behalf of prospective buyers. He runs a consulting service for buying and selling vintage Porsches, and, over roughly a decade, he has inspected nearly 30 cars at Beverly Hills Car Club on behalf of clients. Kelley said Beverly Hills Car Club’s approach to selling classics is predicated on “volume and velocity,” a key aspect of a model unique among classics dealers.
“There is no other place that I can think of that puts up for sale cars with obvious damage,” Kelley said. “This is the swap meet aspect of Beverly Hills Car Club.”
The Alfa Romeo sale
Though the dealership offers cars with straight bodywork, shiny chrome and immaculate interiors, its shabbiest vehicles — rides meant to be scavenged for parts because of issues such as collapsed roofs and ravaged engine bays — have become a running joke among some auto aficionados, including those who have taken to social media to poke fun at the company.
A 2016 article on the car website Hooniverse said Beverly Hills Car Club is known for “pretty optimistic pricing on some remarkably decrepit … but still kinda tempting vehicles.” The story focused on a Continental that had faded to the color of “corpse skin.”
For customers who know what they’re looking for, there are diamonds in the rough.
Troy Ladd, the founder of Hollywood Hot Rods, a high-end custom car shop in Burbank, has bought two cars from Beverly Hills Car Club since 2020. One was a 2002 Ferrari 360 Spider he purchase for $54,000. It wasn’t perfect, he said, but the low price reflected that fact. After Ladd spent some time addressing small issues, such as replacing interior gauge lights, he pronounced the drop-top Ferrari “a beautifully designed, amazing supercar.”
“Did they point out every little thing? No. Did they even know about every little thing? I doubt it,” Ladd said. “If they were charging me $100,000 and calling it perfect, I’d have a problem with that. But they never painted a picture that wasn’t there.”
Some customers with less experience in classic cars, however, have run into issues that have prompted legal action.
Jan Michael Kubr, a Silicon Valley engineering manager, dreamed of driving an Alfa Romeo GTV 2000 coupe along the famed Skyline Boulevard in the hills above San Jose. He didn’t consider himself an automotive expert when he came across one on Beverly Hills Car Club’s website in 2018, but the dealership’s online presence inspired confidence.
“You see they have some really nice cars — obviously the Alfas, the Jags,” said Kubr. “And the sheer volume of vehicles definitely helped. You think: there are so many cars, they know what they are doing.”
Kubr paid $22,000 for a GTV 2000 that — he would later claim in a lawsuit — was advertised by the dealership as “mechanically sound.” But he said trouble arose when his mechanic’s initial once-over revealed one of the “rear springs was broken in half,” among other problems that he alleged hadn’t been disclosed.
He sued Beverly Hills Car Club in L.A. County Superior Court for allegedly violating the state Consumers Legal Remedies Act, which protects against misrepresentation, including the sale of damaged cars that aren’t marketed as such. The dealership denied the allegations and argued that Kubr signed a purchase agreement that said the car was “sold in an ‘AS IS WITH ALL FAULTS’ condition.”
Per state law, car dealers must conduct a safety inspection for any vehicle they sell. “The question is, did they inspect it and just not disclose it?” wondered Kevin Faulk, attorney for Kubr. “Or did they just say, ‘It looks fine, let’s just sell it’?”
According to attorney Gregory Babbitt, an automotive law expert who has not had dealings with Beverly Hills Car Club, “There is case law that says you can’t sell a vehicle that is a danger on the road.”
Manos said that “under no circumstances has Beverly Hills Car Club knowingly sold a car that was ‘a danger on the road,’” adding that clients are shown vehicles’ inspection results “so they know of any issues that need to be addressed.”
“We do not conceal the condition of our cars,” he said. “Nor do we make false or misleading representations.”
A unique set of circumstances brought on by the pandemic has roiled the used car market, leading to an inventory shortage that has sent prices soaring.
Kubr and the dealership settled the lawsuit in 2020. He declined to disclose terms of the confidential settlement, but noted the vehicle was returned to the dealer.
Manos attributed Kubr’s lawsuit to “a simple case of buyer’s remorse.” He added: “to maintain positive customer relations, Beverly Hills Car Club agreed to rescind the sale and refund the money to the buyer.”
In July 2021, Kubr saw that the Alfa was again for sale on Beverly Hills Car Club’s website — and still described as “mechanically sound.” He had words of caution: “I hope no one else buys this thing. Really.”
By October, the Alfa was listed as sold.
Citing the new owner’s privacy, Manos declined to disclose details of the sale, but said that “the minor items which Mr. Kubr complained about were fixed to ensure that any future buyer would not experience any issues.”
French legal fight
Many vehicles on the Beverly Hills Car Club website are described as “mechanically sound.” What exactly that means is an open question.
Attorney Bryan W. Shook, who specializes in automotive law and has not had dealings with Beverly Hills Car Club, called it a “somewhat vague or ambiguous [term].” And Manos did not respond to a question asking him to explain what it means.
The issue came up after Bernard Parlange purchased a 1966 Ford Mustang from Beverly Hills Car Club for $18,000 in 2011. Parlange, who had previously bought two cars from the dealership without incident, had the Ford shipped to France, where he resides. The Mustang then sparked litigation on both sides of the Atlantic. And Beverly Hills Car Club’s legal approach, which at times appeared slap-dash, eventually cost it — according to Parlange’s U.S.-based attorney — a six-figure sum.
Before the sale, the dealership allegedly assured Parlange that the car “runs and drives as it should,” but it actually “was in such a bad condition that it was inoperable,” according to legal documents he filed.
Parlange sued Beverly Hills Car Club in Bordeaux Regional Court, which appointed an expert who determined that “a significant level of corrosion” on the Mustang’s frame rendered it “highly dangerous,” according to a filing by the court. It noted that the dealership “did not show for the trial.”
Manos said that his company had been unaware of the “alleged defect.”
“Had this alleged condition been known at the time of the purchase, Beverly Hills Car Club would have disclosed it,” he said.
The court ruled in favor of Parlange in 2015. A year later, Parlange filed a lawsuit in L.A. County Superior Court to enforce the roughly $75,000 judgment he obtained in France because, according to the complaint, the dealership had refused to pay.
In a court filing, Beverly Hills Car Club denied Parlange’s allegations. Manos said the dealership’s lawyer told him that the French court had no jurisdiction over his California business, a position he now acknowledges was erroneous.
After years of legal skirmishing, the L.A. court ruled in favor of Parlange in 2018, records show. Douglas E. Hewlett Jr., who was Parlange’s stateside lawyer, said that Beverly Hills Car Club wound up paying Parlange about $270,000 including administrative and attorneys’ fees.
“It just kept ballooning,” Hewlett said. “We were kind of dumbfounded that they could be running a business this way.”
Manos declined to confirm that his company paid about $270,000. He said that after the judgment was entered, the parties “negotiated a confidential settlement.”
Hewlett said there was no such settlement, and provided The Times with a copy of a letter that Beverly Hills Car Club sent him that referenced payments totaling about $270,000 to satisfy the judgment and fees the company owed.
‘The right guy’
A circuitous path took Manos from a London upbringing to prime-time TV appearances.
His childhood was laced with glamour — a Daily Mail story on Beverly Hills Car Club’s sale of a Ford Thunderbird once owned by Joe Strummer noted that Manos knew the Clash frontman as a kid. That was through his mother, Versa Manos, a friend of the British singer who also worked in public relations, with a focus on “making rock stars famous or not,” he told Automobile magazine.
After briefly living in Australia, Manos immigrated to the U.S. when he was 12 years old (he said he became a U.S. citizen last year). In Los Angeles, he “immediately fell in love with the car culture.” He said that he spent part of his childhood in Beverly Hills and attended Beverly Hills High School. It’s those ties that led him to later name the dealership for the city, he said. (These days, Manos’ personal ride also says “Beverly Hills”: it’s a 2021 Mercedes-Benz S580, which had a starting price of about $117,000.)
Manos is often referred to as Beverly Hills Car Club’s founder — including on his LinkedIn profile — but he said it was actually his mother who founded the company in 2009. To be sure, DMV files indicate that the dealership’s license was secured by her that year.
Manos said that he began as the company’s classic car buyer, later becoming a partner and chief financial officer. He also oversees marketing, management and sales at the dealership, which he said employs “local members of the community” from its Eastside environs. Manos said he now owns 50% of Beverly Hills Car Club, with the other half held by his mother, who serves as chief executive.
As the dealership has grown, so too has Manos’ personal brand. He boasts about 125,000 Instagram followers, and uses the account to promote his dealership’s inventory and the classic car lifestyle. Manos shares details about the rides he’s selling alongside bromides about self-care, drawing praise from Paris Hilton and other reality TV stars. For a time, he even had a bit of a catchphrase: “Drink your water.”
Beverly Hills Car Club has sold a Rolls-Royce to Justin Bieber and dealt several rides previously owned by celebrities, among them the Ferraris of Miles Davis and John McEnroe, Manos said. And it is currently offering a Mercedes-Benz once owned by Michael Jordan for $135,000. (Manos declined to disclose his dealership’s sales figures.)
Manos seems poised to become a bigger TV character: He and Aldjufrie announced their engagement in November via her Intagram account, a milestone that drew tabloid coverage.
“Farrah’s with the right guy,” Richards said in a 2020 episode of “The Real Housewives of Beverly Hills” that saw her and fellow cast member Erika Jayne visit Beverly Hills Car Club. Manos showed the women around the facility, and gave Richards the keys to a 1966 Jaguar XKE for a quick cruise. In another episode, Manos delighted Richards when he spoke about having a child with Aldjufrie.
Manos acknowledged that Beverly Hills Car Club’s digital presence — on Instagram it boasts 250,000-plus followers — helps “enhance visibility of our inventory and drive traffic to our warehouse.” It also has allowed the dealership to court a global audience.
Compared to its competitors, Beverly Hills Car Club has a robust online operation, but one of its marketing efforts crosses a line: It includes plagiarized language.
In spring 2021, Beverly Hills Car Club sent an email to its mailing list that touted a new feature on its website: “Car Tales,” a series of essays that promised to reveal “Adventures in Classic Car Buying!” The stories, which link to the dealership’s current inventory, read like the prose of a veteran automotive journalist or historian. They’re also written in first-person and attributed to Manos.
His July 2021 essay about the DeLorean DMC-12 included a section on the first “Back to the Future” film that copied from a 2020 piece published by Screen Rant, a movie and TV news website. In an article from the same month about an Alfa Romeo Giulietta Sprint Speciale, Manos used material from a 2020 Motor Trend article about the history of the carmaker’s logo. And an August 2021 story by Manos on the Porsche 356A Speedster included language lifted from a 2018 story on Silodrome, a car culture website.
Manos did not respond to multiple questions about the plagiarism.
Representatives of Screen Rant and Silodrome said that Manos’ use of their material was not authorized; a Motor Trend rep said the matter had been referred to the publication’s legal counsel.
Controversial cars
In the classic car world, provenance is key. Buyers want to know a vehicle’s backstory — from the service history to the chain of ownership. Perhaps most of all, in the case of rare, high-dollar rides, they want to verify authenticity.
That requires meticulous research. In this area, Beverly Hills Car Club’s approach has been the subject of scrutiny. And an investigation of the dealership by a state agency revealed how it was roiled by a longstanding hazard of the classics business: the sale of ill-gotten automobiles.
Documents obtained via a public records request show that the dealership was investigated by the DMV in 2013 for having two cars in its inventory that had been stolen. A note in the case file said that the dealership did not “check vehicles when they buy vehicles from out of state” to see if they are stolen.
It is a violation of California’s penal code to knowingly buy or sell a stolen car, and a dealership that does so could have its license revoked. According to the DMV records, the stolen cars were taken from Beverly Hills Car Club by authorities, and the company was issued a written warning.
Manos said that when his dealership purchased the cars it received ownership paperwork and a bill of sale for each. There was “no reason to suspect that they were stolen or that the seller did not own them,” he said.
Experts said that verifying a car is not stolen ahead of acquiring it is a basic tenet of the auto business — though this can be tricky with classics, because it is harder to account for their lengthy history. Manos said that the national registry for stolen vehicles was “not very reliable,” around the time of the episode, and it was “difficult to know whether a car was stolen unless we received notification” from law enforcement.
“Today, the system, while still imperfect, is more robust,” he said.
Shook said that he advises his dealer clients to “physically look at the [car’s] VIN number and make sure it looks good and that it hasn’t been tampered with.”
“Thieves and fences are pretty good at disguising these things,” he said. “A lot of times with this older stuff the knowledge just isn’t there on the part of the dealer.”
Knowledge of an uncommon vehicle’s particulars came into play with a Porsche that Beverly Hills Car Club sold a few years ago. The transaction led to a Byzantine legal battle that highlights a risk of Beverly Hills Car Club’s business model: by not fully restoring automobiles before selling them, the dealership may be unable to get a truly complete picture of their condition. And with pricey rides, it’s often the little details that matter most.
In Porsche collecting circles, the 1967 Porsche 911 Targa S is something of an icon. Few were made, and the car’s special features — namely its fold-down, soft rear window and powerful motor — make it highly collectible. Strong specimens command premium prices: Bring a Trailer, an auto auction website, sold an example last year for $427,000.
Charles A. Miller found one for sale on Beverly Hills Car Club’s website four years ago and bought it for $157,000. He sent the Porsche to Farland Classic Restoration, a high-end shop based in Englewood, Colo., and ordered up its complete refurbishment.
But Miller’s plans were dashed when Farland began disassembling the 911. According to an L.A. County Superior Court lawsuit filed by Miller against Beverly Hills Car Club in 2019, the vehicle was not a genuine 1967 Porsche 911 Targa S.
“He was heartbroken,” said Michael C. Rogers, Miller’s attorney. “This was his particular dream car.”
The complaint, which accused the dealer of fraud and other claims, alleged that the vehicle was actually a 911 coupe that had a 1967 911 Targa S vehicle identification number “welded into the [car’s] body.”
The restoration shop’s probing revealed that the Porsche’s roof was allegedly cut to accommodate a Targa fold-down window, and “structural body gusseting” was welded onto the vehicle to make it look like a Targa, among other claimed modifications listed in the lawsuit.
Beverly Hills Car Club denied the allegations in a court filing, and argued in part that Miller had signed a sale agreement that said the car was sold “in an ‘AS IS WITH ALL FAULTS’ condition.”
Manos said that his dealership had received a Porsche certificate of authenticity for the car — and that the VIN on the document matched the number “embedded on the frame” of the car. “Hence, there was no reason for anyone to suspect that the vehicle was a ‘fake’ as alleged in the complaint,” he said.
It was “not until the vehicle in question was completely dismantled that the discrepancy was discovered,” Manos said.
Manos acknowledged the vehicle had been altered, but insisted that it had originally been a genuine 1967 Targa S. To explain his reasoning, Manos provided The Times with an email that was written by a person who identified himself as having been involved in a prior sale of the Porsche. In the message, the individual explained that a previous owner had, many years earlier, modified the car because he wanted to transform it from a Targa into a coupe. Then, Manos said, a subsequent owner “restored it back to the vehicle’s factory specifications.”
Amid Miller’s litigation — which sought damages of at least $300,000 — Beverly Hills Car Club filed a cross-complaint against Exact 10 LLC, the Pleasanton, Calif.-based wholesale dealer from which it bought the vehicle. Beverly Hills Car Club alleged in its suit that Exact 10 represented that the car was an actual Targa, and therefore it — and not Manos’ company — should be liable for any losses or damages recovered by Miller in his lawsuit.
Exact 10 denied Beverly Hills Car Club’s claims in a court filing.
Miller and Beverly Hills Car Club reached a settlement in August 2021, according to court records, and the case — as well as the dealership’s action against Exact 10 — was dismissed weeks later. Rogers declined to discuss terms of the agreement but said the matter was “amicably resolved,” and that Exact 10 Chief Executive Ian Fitz-Simon took ownership of the Porsche from Miller.
Citing a nondisclosure agreement, Fitz-Simon declined to comment. Manos said he could not discuss terms of the settlement because of a “confidentiality provision.”
Manos has acknowledged personally experiencing the sort of trouble that Miller allegedly endured after buying a car from Beverly Hills Car Club. Manos told VoyageLA in 2019 about “the difficulties you confront” when buying a vehicle that “turns out not to be what you think it is.”
“You have to take stock of it and start again,” said Manos, who gave a specific example. “I purchased a car which arrived in boxes, and it reduced the bank balance by $30k in a nanosecond. Not only that, it took a further six months to put it together.”
It was, Manos said, “a nightmare.”
Times researcher Scott Wilson contributed to this report.
Subscriber Exclusive Alert
If you're an L.A. Times subscriber, you can sign up to get alerts about early or entirely exclusive content.
You may occasionally receive promotional content from the Los Angeles Times. | https://www.latimes.com/business/story/2022-08-05/beverly-hills-car-club-real-housewives-owner-lawsuits | 2022-08-05T12:28:23Z | https://www.latimes.com/business/story/2022-08-05/beverly-hills-car-club-real-housewives-owner-lawsuits | false |
It was a chilly night last year when fire ripped through Crystal Stewart's home, leaving her family's house destroyed, all their possessions gone.
"It's hard to see this," she said, looking over the foundation. "Your whole life, everything you have saved....is gone."
But that pain worsened after she hired a contractor based on a local charity's recommendation.
"He sounded great on the phone, so I hired him to rebuild my house, she said.
Stewart says she paid the contractor $125,000 in insurance money so she could rebuild her home.
But she says weeks went by, then months, and no one laid as much as a single board on top of her foundation.
"He didn't file for the permits," she said. "He never reached out to the HOA, he's got $125,000 of my money, and it's gone."
With the help of a local attorney, she's now suing him for breach of contract, hoping to recover some losses.
How to avoid problems
So how can you avoid a contractor nightmare like Stewart's?
The Better Business Bureau says it is important to get every detail in writing, including a timetable for when the work should be done.
The contract should also state what happens if dates aren't met.
The BBB's Sarah Wetzel said "you want to have what the contractor would be able to offer you. Do you get a refund? Are they going to find somebody else, or is that on you?"
Wetzel says before signing that contract:
- Get quotes from at least three contractors.
- Check the BBB website for complaints and reviews.
Wetzel says if the price seems very look, be careful.
"The lowest bid may not always be the best," she said "They may be cutting corners, so really make sure you're even reviewing every bid that you get."
Another red flag: Asking for the full payment upfront.
Instead, the BBB suggests paying:
- One-third at the start of the project.
- One-third halfway through
- The final third is when the work is complete.
We tried to track down the contractor, but a family member referred us to his attorney.
He told us in a statement, "he is not a fly-by-nighter. He had supply issues and questions about the contract and the HOA's rules. But he has a willingness to make things right."
Stewart is now renting until she can recover some of her rebuilding money.
"I want my money back," she said.
She wants others to hear her story, and know the warning signs of a bad deal, so you don't waste your money.
________
Don't Waste Your Money" is a registered trademark of Scripps Media, Inc. ("Scripps").
Like" John Matarese Money on Facebook
Follow John on Instagram @johnmataresemoney
Follow John on Twitter (@JohnMatarese)
For more consumer news and money saving advice, go to www.dontwasteyourmoney.com | https://www.ksby.com/money/consumer/dont-waste-your-money/after-house-fire-woman-says-contractor-took-all-her-rebuilding-money | 2022-08-05T12:33:31Z | https://www.ksby.com/money/consumer/dont-waste-your-money/after-house-fire-woman-says-contractor-took-all-her-rebuilding-money | true |
CALGARY, Alberta (AP) — The Calgary Flames and recently acquired forward Jonathan Huberdeau have agreed to an $84 million, eight-year contract extension.
The 29-year-old Huberdeau came to Calgary from the Florida Panthers with defenseman MacKenzie Weegar, forward Cole Schwindt and a conditional 2025 first-round pick last month for star forward Matthew Tkachuk.
Calgary announced Huberdeau's new deal Thursday night.
“I’m thrilled to be part of the Calgary Flames organization long-term,” Huberdeau said in a statement. “I’m excited for this new chapter and I am committed to this team. I’ll give everything I have, on and off the ice and I can’t wait to play in front of the passionate Flames fans.”
Huberdeau finished last season with 30 goals and 85 assists for 115 points. His point total had him tied for second in the NHL, while his 85 assists were a league best.
“We are excited to extend Jonathan long term in Calgary,” Flames general manager Brad Treliving said. “He is an elite player, one of the premier forwards in the league who makes players around him better. We look forward to welcoming Jonathan to our community and his contributions to our team’s success.”
The Saint-Jerome, Quebec, native had spent his entire 10-year career with the Panthers after being drafted third overall in 2011.
He has recorded 198 goals and 415 assists for 613 points over the course of 671 career games.
___
More AP NHL: https://apnews.com/hub/NHL and https://twitter.com/AP_Sports | https://www.expressnews.com/sports/article/Jonathan-Huberdeau-gets-84M-8-year-extension-17353367.php | 2022-08-05T12:34:53Z | https://www.expressnews.com/sports/article/Jonathan-Huberdeau-gets-84M-8-year-extension-17353367.php | false |
Fishing Report: NOAA Fisheries needs input from anglers
The National Oceanographic and Atmospheric Administration Fisheries is asking the recreational fishing community for its guidance as it prepares to revise the 2015 National Saltwater Recreational Fisheries Policy for the period of Aug. 1 to Dec. 31, 2022. With the perspectives shared during the 2022 National Saltwater Recreational Fisheries Summit, NOAA Fisheries requests input on revising the policy.
The agency plans to announce informational webinars and input meetings but anglers also may make comments online. Visit their website to provide feedback on any changes or updates you would like to suggest for the policy. The address is fisheries.noaa.gov/feature-story/noaa-fisheries-invites-comments-update-recreational-fisheries-policy .
The purpose of the National Saltwater Recreational Fisheries Policy is to provide guidance for agency consideration in its deliberations pertaining to development and maintenance of enduring and sustainable high-quality, saltwater recreational fisheries. This policy identifies goals and guiding principles to be integrated into NOAA Fisheries’ planning, budgeting, decision-making and activities, and includes examples of implementation concepts and strategies supported by NOAA Fisheries.
With climate impacts on fishing, stock movement, multi-use of our oceans (fishing, aquaculture, offshore wind energy), the new policy is timely. The policy will guide NOAA Fisheries through important climate-ready fisheries decisions.
The new policy provides a great opportunity for the recreational fishing community to weigh in on important issues that will directly affect their fishing today and in the future, particularly making recreational fishing climate-ready.
Watch the policy website for webinar and meeting dates and this column for important issues being discussed by anglers.
Fishing Report:Getting the drop on the stripers
Where’s the bite?
Striped bass and bluefish. “The striped bass bite from Westerly to Narrow River seems to be on sand eels with peanut bunker being the bait of choice west of that, said Dave Henault of Ocean State Tackle in Providence. "Customers are catching nice size slot fish [28 inches to less than 35 inches].” Jeff Sullivan of Lucky Bait & Tackle in Warren reported: “The bluefish bite had been off a bit with the big blow we had but things improved once again this weekend. The striped bass bite continues to be the best I have seen in 20 years. Newport, Charlestown, Point Judith, coastal areas and Block Island are hot.”
Paul Smalec of Portsmouth said: “Fred DeFinis and I continue to catch nice slot-sized fish in the Bay live-lining Atlantic menhaden.”
John Littlefield of Archie’s Bait & Tackle in Riverside reported: “We saw a decline in bluefish in the Bay but things are starting to pick up with customers catching some nice fish in Bristol Harbor this weekend. Skipjacks are starting to come around in our coves and harbors, too.”
"East End" Eddie Doherty said: “Small stripers were riding a west tide while chasing whiting near the Sagamore Bridge and the power plant at the Cape Cod Canal in the early afternoon. Some fish measuring slot-plus were caught on white poppers in the east end during a top-water bite. The railroad bridge neighborhood gave up some nice fish, a 30-pounder in the heart of the Combat Zone and another the same size at the first cement block, all on mackerel chunks at midafternoon during the west tide.”
Fishing Report:Summit sets table for strategic plan
Summer flounder (fluke), black sea bass and scup. “The black sea bass bite is off with anglers working a bit to catch nice keepers," Sullivan said. "If you want to catch large fluke, consider making the trip to Block Island. The East Fishing Grounds [3 miles east of Block Island] have been yielding some nice fish.” Henault said: “The scup bite has been good at Save the Bay, Sabin Point and Rocky Point in the upper Bay." Littlefield said: “Customers fishing the Jamestown [west] side of the Newport Bridge have been doing well with black sea bass, even blue fish, drifting in 60 feet of water. The fluke bite there is slow.” I fished off Newport last week and the weekend for about five days. The black sea bass bite there was excellent with anglers limiting out on nice-size fish. The fluke bite was just OK with us returning with three to four fish per trip.
Bluefin and yellowfin tuna, chub mackerel, wahoo and bonito. “The first bonito have arrived and there are plenty of chub mackerel surfacing, too, for anglers to cast to,” Henault said. Sullivan reported: “The tuna bite is on south of Block Island [about 10 miles out] with some giants mixed in with mahi in the area, too. The Cox Ledge area has been producing, too.”
Anglers Paul Boutiette and Curt Shumway fished The Dump (south of Martha’s Vineyard) Sunday for bluefin tuna. No tuna but they hooked up with a 36-inch wahoo. “We trolled for mile after mile, when midway in The Dump, my pole suddenly lit up screaming line out," Boutiette said. "I was on, and line kept stripping off the reel. Curt was clutch to pull in the idle lines on the outriggers. I did not want to tighten the drag too much for fear of breaking the line or pulling the hook.”
Freshwater fishing has been slowed by warm water and the availability of large shiners. “Al White, a customer, fished a night with night crawlers for largemouth at Waterman Lake as shiners were not available and he caught a few nice largemouth," Henault said. "The thing is, with these dry conditions, not much is washing into our lakes and ponds, so the fish are eating just about anything.”
Dave Monti holds a captain’s master license and charter fishing license. He serves on a variety of boards and commissions and has a consulting business that focuses on clean oceans, habitat preservation, conservation, renewable energy and fisheries-related issues and clients. Forward fishing news and photos to dmontifish@verizon.net or visit noflukefishing.com. | https://www.providencejournal.com/story/sports/2022/08/05/ri-fishing-report-noaa-fisheries-needs-input-from-anglers/10232242002/ | 2022-08-05T12:37:32Z | https://www.providencejournal.com/story/sports/2022/08/05/ri-fishing-report-noaa-fisheries-needs-input-from-anglers/10232242002/ | true |
Walking RI: Discover why hikers and anglers love the 'wild and scenic' Beaver River
- Access: Off Route 138, take Hillsdale Road and drive north for three miles to Old Mountain Road. Take a left and then turn right onto Oak Hill Drive. Take another right on Fox Ridge Drive and follow it to the end at the trailhead.
- Parking: Available for a few cars.
- Dogs: Allowed but must be leashed.
- Difficulty: Moderate with some rocky hillsides.
RICHMOND — The Beaver River rises from James Pond in Exeter and flows south for 11 miles through the heart of Richmond before eventually emptying into the Pawcatuck River.
While the Beaver River may not be as well-known as other major waterways in Rhode Island, its large watershed and floodplain provide a rich habitat for wildlife, vegetation and fish. Anglers have been catching wild brook trout in the cold, clear river for generations. The groundwater in the watershed is a source of drinking water for thousands and helps farmers along a southern stretch irrigate their fields.
And besides all that, the river is simply a lovely place for a walk.
Walking RI:5 great hikes with ocean views
Walking RI:Want to practice some rock climbing? Head to Connors Farm in Smithfield: Walking RI
Walking RI:Leave the noise behind at a wooded retreat in Richmond
I explored the river during back-to-back hikes in the Beaver River Preserve, managed by The Nature Conservancy (TNC), and a smaller area to the south, called Beaver River Park, owned by the Town of Richmond.
Setting out from the trailhead at the end of Fox Ridge Drive, I started my hike by walking down a small embankment. At a junction, I went left on a yellow-blazed trail that passed through a boulder-strewn forest.
Walking RI:Follow in the footsteps of Trappist monks in Cumberland
Walking RI:Tillinghast Pond's trails are part of something special and well worth a visit
Amy's Rhode:Amy Russo tests the waters with a kayak trip on RI's 'wild and scenic' Wood River
The path weaves through oak trees and soon crosses wooden-plank walkways over seasonal brooks and seeps, wet areas where groundwater comes to the surface and pools. Some of the narrow boards were slippery after an overnight rain.
The footpath then bends east and downhill and was, at times, overgrown with bright-green ferns, bushes and tall, thick, wild grass in clearings. A few downed trees also crossed the path.
At one point, the trail softened, with needles dropped from a stand of pine trees along a ridgeline covered by boulders of all shapes and sizes that ran parallel on the right.
At a junction, one trail on the right went uphill while the other, on the left, went downhill. I headed southeast on the downslope toward the river on a wide cart path, lined with giant boulders. Some were split and cracked. Others were covered with lichen and thick, green moss.
Walking RI:Trolley line left its mark at Lincoln's Lime Rock Preserve
Walking RI:Mingle with birds, beavers, mink and more at Exeter's Fisherville Brook refuge
The path led to a short wooden bridge over what looked like a tributary from the river. But it may actually have been a manmade channel, because when I followed it along its banks to the right, I found the remains of a stone foundation and what was perhaps a dam built to hold back water. I also noticed the land was raised on both sides to funnel the water to the mill. I learned later that a Colonial-era grist mill once operated on the site.
Walking RI:Ninigret National Wildlife Refuge harbors naval, tribal history
Walking RI:Looking for a great birdwatching spot? Try this former Navy site in North Kingstown
After returning to the bridge, I followed the main path for a short distance for my first look at the Beaver River. I stood there for a while and watched the 15-foot-wide river flowing slowly downstream around a bend and south.
Wonder why it's called Beaver River? The evidence is all around
But what also caught my attention was an extensive network of beaver dams built of sticks and mud on the river and adjacent streams that have backed up the water to form a huge, shallow swamp to the north. I also spotted a large, rounded beaver lodge about 50 yards offshore and ducks swimming on the surface of the marsh.
Looking across the river, the cart path seemed to continue into the brush, but a wooden footbridge that once let you cross the river is long gone. I decided against trying to cross the river on some downed branches that fell across the water, or taking off my boots to wade across.
Walking RI:A step-by-step guide to beautiful Stepstone Falls
Walking RI:Best place for a hike and osprey spotting? Try the Great Swamp in South Kingstown
On the east side of the river, The Nature Conservancy recently acquired 52 acres, including a white pine grove and a bog. The conservancy is exploring the possibility of creating a trailhead and parking on Hillsdale Road, with a trail that crosses the river from the east and connects to the existing paths.
Walking RI:Trestle Trail in Coventry is a great spot for fitness training
Walking RI:Retracing Thoreau's 1854 hike through Providence
After studying the river for a bit, I turned and retraced my steps on the cart path to the junction I had passed earlier. This time, I went left and up a gradual rise to a line of outcroppings and glacial erratics deposited during the Ice Age. The path wound through the boulders, but I ran into thick, thorny vines and had to find a side path around them before circling back to the main path and continuing up the hillside. Along the way, I crossed more seeps on boards laid down as part of a Boy Scout Eagle Project. I learned later that the Scouts also built the wooden bridge I'd crossed by the river.
After a short distance, I saw a house through the trees to the left and soon after returned to the trailhead.
I’d hiked about 2.5 miles over 90 minutes. But my trip wasn’t over.
Farther south, a 'catch and release' fishing spot
I wanted to see the river farther downstream, so I drove south to Route 138 and then east to the intersection with Beaver River Road. There’s a turnout and fishing area there managed by the Rhode Island Department of Environmental Management. The water flows under a concrete bridge and by 10 stone slab steps that lead to the water.
DEM stopped stocking the river with hatchery trout last year, but there are footprints and other evidence on the banks that anglers still wet a line here. The river is designated a no-kill “catch and release” area, meaning that any caught fish have to be returned to the river immediately.
Walking RI:Take in the fragile beauty of Warren's Touisset Marsh during a coastal hike
Walking RI:At Trustom Pond in South Kingstown, silence is golden
I also found a monitoring device maintained by the U.S. Geological Survey since 1974 to measure river flows. The data collected helps in the design of bridges, culverts and fishways and forecasts the potential for downstream flooding for villages such as Kenyon and Shannock.
Recent monitoring shows water levels are low because of the drought this summer.
Deciding to move on, I then drove a short distance down Beaver River Road to Beaver River Park on the left. At the edge of a playground, a 15-foot-wide, mowed, grassy path leads into the woods and around a large field covered with wildflowers and a few bluebird boxes. I saw forested swampland on the right and passed a line of cedar trees.
Walking RI:Coastal views and prime bird-watching at Tiverton's Emilie Ruecker preserve
Walking RI:A birder's paradise by the shore in Middletown
The path turned into a small clearing when it reached the river, with a sitting bench and several wooden steps down the bank. The river here is shallow and about 20 feet wide and flows easily south through a flat, wide floodplain for about 3 miles to the Pawcatuck River. Several oaks had fallen across the waterway, giving the area a wild, natural look.
I returned to the main trail and before heading back to my car, circled the field to complete a stroll of about three-quarters of a mile.
Beaver River is part of the National Wild and Scenic Rivers System
About 90% of the land along the Beaver River is undeveloped and half of the river runs through protected properties held by The Nature Conservancy, RI DEM, towns and local land trusts. The unbroken forest and 20-square-mile watershed along its banks provides a clean, cold-water habitat for fish, wildlife and birds.
Walking RI:Retracing an Aussie Walkabout in George Washington Management Area
Walking RI:Hollywood wow factor on Hopkinton trail
Those attributes qualified the Beaver River in 2019 to be a National Wild and Scenic River in 2019. The special designation was created in 1968 under a federal law enacted to preserve rivers with natural, cultural and recreational values.
That’s a great way to describe all that I found while walking along the river.
Trail Tip
Guidelines for the Beaver River Preserve:
• Stay on marked trails.
• Visit from one hour before sunrise to one hour after sunset.
• Do not ride horses, bikes or motorized vehicles.
• Do not remove or disturb vegetation.
• Remove all trash.
• Dress in long pants for protection from ticks.
John Kostrzewa, a former assistant managing editor/business at The Providence Journal, welcomes email at johnekostrzewa@gmail.com. | https://www.providencejournal.com/story/sports/outdoors/2022/08/05/beaver-river-preserve-richmond-rhode-island-federal-wild-scenic-rivers-system/10198684002/ | 2022-08-05T12:37:44Z | https://www.providencejournal.com/story/sports/outdoors/2022/08/05/beaver-river-preserve-richmond-rhode-island-federal-wild-scenic-rivers-system/10198684002/ | true |
France's going through its most severe drought ever, PM says
PARIS (AP) - French Prime Minister Elisabeth Borne warned that France is facing the "most severe drought" ever recorded in the country and announced the activation of a government crisis unit.
Borne said in a written statement on Friday that many areas in France are going through a "historic situation" as the country endures its third heatwave this summer.
"The exceptional drought we are currently experiencing is depriving many municipalities of water and is a tragedy for our farmers, our ecosystems and biodiversity," the statement said.
Weather forecasts suggest that the heat, which increases evaporation and water needs, could continue for the next 15 days, possibly making the situation even more worrying, the statement stressed.
The government´s crisis unit will be in charge of monitoring the situation in the hardest-hit areas and coordinate measures like bringing drinking water to some places.
It will also monitor the impact of the drought on France´s energy production, transport infrastructure and agriculture.
The fountains of Concorde plaza are empty in Paris, France, as Europe is under an extreme heat wave on Wednesday, Aug. 3, 2022. Paris' regional authorities warned residents to be vigilant Wednesday, with temperatures soaring to 36 degrees Celsius (97 Fahrenheit). (AP Photo/Francois Mori)
The drought may force French energy giant EDF to cut power production at nuclear plants which use river water to cool reactors.
France now has 62 regions with restrictions on water usage due to the lack of rain.
The minister for ecological transition, Christophe Béchu, said during a visit to southeastern France that more than 100 municipalities are not able to provide drinking water to the tap anymore and need to get supplied by truck.
"The worst the situation is, the more we make drinking water the priority compared to other usages," he said. | https://www.dailymail.co.uk/wires/ap/article-11084481/Frances-going-severe-drought-PM-says.html?ns_mchannel=rss&ns_campaign=1490&ito=1490 | 2022-08-05T12:38:39Z | https://www.dailymail.co.uk/wires/ap/article-11084481/Frances-going-severe-drought-PM-says.html?ns_mchannel=rss&ns_campaign=1490&ito=1490 | true |
This is a carousel. Use Next and Previous buttons to navigate
Peter Drury's voice has been synonymous with the Premier League for over 20 years. As he embarks on his first season as NBC's play-by-play announcer, his new bosses have made one thing clear — don't change the style.
“That’s a very strong message I get,” Drury said as he prepared for the opening weekend of games. “I’m not thinking of myself necessarily as speaking to any other audience than I already have done over the years. It’s my job simply to tell the story of the game. That doesn’t change whether I’m in the UK or America, or anywhere else in the world.
“It’s very clear that the American audience does not want a patronizing Englishman talking down, assuming that he or she has to have the game explained to them. The relationship has got way beyond that.”
Drury takes over for Arlo White, who called NBC’s coverage of England’s top soccer league since they acquired the rights in 2013. White is the lead announcer for the LIV Golf Series and calls some games for Major League Soccer's Chicago Fire.
While casual observers may not be familiar with Drury, he is known by diehard fans. He has been calling the top Premier League games since 1998, recently on the league’s world feed. Drury was also the main announcer for CBS Sports coverage of the Champions League.
Pierre Moossa, the coordinating producer for NBC's Premier League coverage, described Drury as an incredible wordsmith who can make an audience appreciate and understand what is going on during the match.
“He has such a warm, welcoming and inclusive voice and way of narrating that I think people are going to really enjoy, especially early in the mornings,” Moossa said.
Drury will team with Lee Dixon and Graeme Le Saux for three games on the opening weekend. They will call Friday's opening match between Crystal Palace and Arsenal on USA Network, Everton hosting Chelsea on Saturday (also on USA), and Sunday's match between defending champion Manchester City and West Ham, which will be streamed on Peacock.
NBC will not carry any matches this weekend due to their coverage of the Women's British Open. Their first game will be on Aug. 13 when Brentford hosts Manchester United.
On most weeks, USA will have at least four games with one on NBC and the remainder only on Peacock.
It is also a milestone season for NBC, as it begins its 10th season carrying the Premier League. NBC agreed to a six-year renewal of broadcast rights last November. The deal is worth an average of $450 million per season, well above the $250 million, three-year agreement NBC signed in 2012. The previous six-year deal, which began in 2016, was worth $1.1 billion, an average of $183.3 million per season.
Last year's matches averaged 507,000 viewers per TV match window on NBC, USA, CNBC and NBCSN, the second-highest average for the Premier League in the U.S. A record 12 matches also averaged at least 1 million viewers.
Studio host Rebecca Lowe said the biggest difference she has seen is that soccer no longer feels like a niche sport in the U.S.
“This is mainstream now. For many, many decades we all know that America has been saying soccer is coming, soccer is coming. Soccer is now here,” Lowe said. “When I moved over in 2013, I would see the odd football shirt maybe in a park or airport. Now I would say going about my daily life here in Northern California, I see Premier League shirts on a daily basis. A Man City fan just walked into the Starbucks where I am sitting. It happens all the time.”
Former U.S. national team goalkeeper and NBC analyst Tim Howard, who played for Manchester United and Everton, pointed out that soccer is consumed in a different way compared to other countries.
“The way we learn about the game now at NBC, we teach the game, we show the game, but before that I had friends in the NBA and still do, and friends in the NFL, they play a video game and jump on a plane in the offseason and go to Chelsea to watch football matches,” he said. “When we look at our coverage, people get up at all hours of the morning to watch us. It’s become our thing. It’s very American, and we do it in the right way.”
___
More AP soccer: https://apnews.com/hub/soccer and https://twitter.com/AP_Sports | https://www.expressnews.com/sports/article/New-voice-Drury-set-as-NBC-opens-10th-Premier-17352674.php | 2022-08-05T12:38:55Z | https://www.expressnews.com/sports/article/New-voice-Drury-set-as-NBC-opens-10th-Premier-17352674.php | false |
Company ranked in the top 20 on 2022 list
BLUE BELL, Pa., Aug. 5, 2022 /PRNewswire/ -- Unisys Corporation (NYSE: UIS) today announced Forbes has recognized the company in its 2022 America's Best Employers for Women list. The annual ranking identifies leading companies that support the personal and professional development of women and have women at the executive and board levels. Unisys is ranked in the top 20 of the 400 companies on the list.
Unisys has long been committed to increasing the representation of women at all levels of the company, including through its Women+ Network and Empower-U Associate Impact Groups. The company has also been recognized by 50/50 Women on Boards™, the leading non-profit education and advocacy campaign driving the movement toward gender balance and diversity on corporate boards, for its strong representation of women on its board.
"Unisys is proud to be recognized by Forbes for our leadership in supporting the personal and professional development of women," said Katie Ebrahimi, senior vice president and chief human resources officer of Unisys. "Fostering an inclusive environment is at the core of who Unisys is, and we continue to empower women in every aspect of our business."
The 2022 list was created through an independent survey conducted by Statista, a statistics portal and industry ranking provider. Forbes collected input from 50,000 people in the U.S. — including 30,000 women — employed at companies with at least 1,000 employees. The 2022 list recognizes the top 400 companies ranking highest based on four criteria:
- General work topics: Employees' opinion on a series of statements surrounding the likelihood of recommendation, atmosphere and development, image, working conditions, salary and wage, workplace and diversity regarding their employer.
- Topics relevant to women: Women rated their employers regarding parental leave, family support, flexibility, discrimination, representation and career and pay equity.
- Indirect recommendations: Women respondents evaluated other employers in their respective industries that stand out positively or negatively regarding diversity.
- Diversity among top executives/board: After extensive research, an index was built based on the share of women in executive management or board positions.
For more information about Unisys' commitment to diversity, equity and inclusion, click here.
Unisys is a technology solutions company that delivers successful outcomes for the most demanding organizations around the world. Unisys offerings include digital workplace solutions, cloud, applications and infrastructure solutions, enterprise computing solutions and business process solutions. For more information on how Unisys delivers for its clients across the commercial, financial services and government sectors, visit unisys.com.
Follow Unisys on Twitter and LinkedIn.
RELEASE NO.: 0805/9881
Unisys and other Unisys products and services mentioned herein, as well as their respective logos, are trademarks or registered trademarks of Unisys Corporation. Any other brand or product referenced herein is acknowledged to be a trademark or registered trademark of its respective holder.
UIS-C
View original content:
SOURCE Unisys Corporation | https://www.wbay.com/prnewswire/2022/08/05/forbes-names-unisys-americas-best-employers-women-list/ | 2022-08-05T12:39:38Z | https://www.wbay.com/prnewswire/2022/08/05/forbes-names-unisys-americas-best-employers-women-list/ | true |
BRIDGEWATER, N.J., Aug. 5, 2022 /PRNewswire/ -- Insmed Incorporated (Nasdaq:INSM), a global biopharmaceutical company on a mission to transform the lives of patients with serious and rare diseases, today announced the granting of inducement awards to 11 new employees. In accordance with NASDAQ Listing Rule 5635(c)(4), the awards were approved by Insmed's Compensation Committee and made as a material inducement to each employee's entry into employment with the Company.
In connection with the commencement of their employment, the employees received options on August 1, 2022 to purchase an aggregate 53,570 shares of Insmed common stock at an exercise price of $20.88 per share, the closing trading price on the Nasdaq Global Select Market on the date of grant.
The options have a 10-year term and a four-year vesting schedule, with 25% of the shares subject to the option vesting on the first anniversary of the relevant grant date and 12.5% of the shares subject to the option vesting every six months thereafter through the fourth anniversary of the relevant grant date, subject to the relevant employee's continued service with Insmed on the applicable vesting date.
About Insmed
Insmed Incorporated is a global biopharmaceutical company on a mission to transform the lives of patients with serious and rare diseases. Insmed's first commercial product is a first-in-disease therapy approved in the United States, Europe, and Japan to treat a chronic, debilitating lung disease. The Company is also progressing a robust pipeline of investigational therapies targeting areas of serious unmet need, including neutrophil-mediated inflammatory diseases and rare pulmonary disorders. Insmed is headquartered in Bridgewater, New Jersey, with a footprint across Europe and in Japan. For more information, visit www.insmed.com.
Contact:
Investors:
Eleanor Barisser
Associate Director, Investor Relations
Insmed
(718) 594-5332
eleanor.barisser@insmed.com
Media:
Mandy Fahey
Executive Director, Corporate Communications
Insmed
(732) 718-3621
amanda.fahey@insmed.com
View original content to download multimedia:
SOURCE Insmed Incorporated | https://www.wbay.com/prnewswire/2022/08/05/insmed-reports-inducement-grants-under-nasdaq-listing-rule-5635c4/ | 2022-08-05T12:40:39Z | https://www.wbay.com/prnewswire/2022/08/05/insmed-reports-inducement-grants-under-nasdaq-listing-rule-5635c4/ | false |
GRAPHIC-U.S. bond funds gain biggest weekly inflow in 11-months
Aug 5 (Reuters) - U.S. bond funds recorded their biggest weekly purchase in eleven months in the week to Aug. 3 on expectations that slowing growth would prompt the Federal Reserve to slow down the pace of its rate hikes to aid the economy.
According to Refinitiv Lipper data, U.S. bond funds obtained a net $9.37 billion in purchases, the biggest weekly inflow since Sept. 1.
The U.S. gross domestic product fell at a 0.9% annualized rate in the second quarter, while the growth in U.S. factory activity weakened to a two-year low in July, data released during the reported week showed, casting worries about the economy.
Due to those concerns, the 10-year benchmark yield hit a four-month low of 2.516% earlier this week.
U.S. government and municipal bond funds obtained $2.83 billion in inflows after a weekly outflow, while high yield and general domestic taxable fixed income funds received a net $3.7 billion and $2.61 billion, respectively.
U.S. equity funds recorded outflows of $6.84 billion, which compares with purchases of $688 million in the previous week.
Investors sold U.S. large- and mid-cap funds of $8.95 billion and $152 million, respectively, but small-cap funds gained $1.17 billion in inflows.
Both equity growth and value funds witnessed disposals of about $1.7 billion each.
U.S. sector specific funds, however, witnessed some purchases with consumer discretionary and financials attracting $790 million and $541 million, respectively.
Meanwhile, investors withdrew $9.4 billion out of money market funds after four straight weeks of net purchases.
(Reporting by Gaurav Dogra and Patturaja Murugaboopathy in Bengaluru; Editing by Shailesh Kuber) | https://www.dailymail.co.uk/wires/reuters/article-11084419/GRAPHIC-U-S-bond-funds-gain-biggest-weekly-inflow-11-months.html?ns_mchannel=rss&ns_campaign=1490&ito=1490 | 2022-08-05T12:42:23Z | https://www.dailymail.co.uk/wires/reuters/article-11084419/GRAPHIC-U-S-bond-funds-gain-biggest-weekly-inflow-11-months.html?ns_mchannel=rss&ns_campaign=1490&ito=1490 | true |
___
- Uvalde school police chief demoted years before massacre
- Kroger launches grocery delivery in S.A., takes on H-E-B, Walmart
- Toyota sales fall again in July, but S.A.-built Tundra shines
- Chrissy Powell's mother recounts ill-fated search
- SAPD: No threat to public amid standoff in Stone Oak area
- Popular UTSA-area bar has highest local alcohol sales in 2022
- Downtown site of brothel, orphanage not landmark, panel says
- Chris Pettit saga deepens with death of last surviving sibling
MOST POPULAR
- UTSA’s potent wideout trio aiming for explosive 2022 seasonUTSA’s Zakhari Franklin, Joshua Cephus and De’Corian Clark combined for 25 TDs last season, and their chemistry with quarterback Frank Harris has hopes high for 2022.By Greg Luca | https://www.expressnews.com/sports/article/Texas-Team-Stax-17350375.php | 2022-08-05T12:42:38Z | https://www.expressnews.com/sports/article/Texas-Team-Stax-17350375.php | true |
--Siguler Guff Has a Time-Tested Strategy for Successfully Investing in Small Businesses, the Engine of the U.S. Economy--
NEW YORK, Aug. 5, 2022 /PRNewswire/ -- Siguler Guff, a multi-strategy private markets investment firm with approximately $16 billion of assets under management, announced today that it has completed fundraising for Small Buyout Opportunities Fund V LP ("Fund V" or the "Fund"). Fund V was oversubscribed after five months of fundraising, exceeding its $1.65 billion target and closing above its hard cap on $1.97 billion. The Fund's re-up rate was 95%, representing a significant vote of confidence from existing investors, and is the largest small business buyout fund in Siguler Guff's history.
Through direct investments and by partnering with specialist private equity sponsors, Fund V, as has been the case in its previous four funds, will focus on investing in a diverse set of small and lower middle market companies, typically with less than $200 million in annual revenues, less than $20 million of annual EBITDA, and consistently high profit margins.
Fund V will continue to target established, often founder-led companies with niche market-leading positions where value can be created through building and growing the business. In each of its small business buyout funds, Siguler Guff seeks strong alignment of interests with the seller and management team through significant seller rollover and value-added improvements that drive superior financial performance.
Since launching its small business investment strategy in 2005, Siguler Guff has committed over $6 billion to over 800 companies across the United States, with nearly 500 realizations. Siguler Guff is currently one of the largest and most active investors in the small and lower middle market, with commitments to over 100 private equity funds and over 200 equity co-investments since its formation.
Kevin Kester, Managing Director and Co-Portfolio Manager of the Fund, and head of Siguler Guff's small business investment strategy, said, "We are pleased to have closed our fifth small business buyout fund, our largest ever, and gratified to have received such strong support from our limited partners for this exciting investment strategy that has created tremendous value for all stakeholders.
"With over 400,000 companies, representing approximately 96% of all businesses in America, small businesses are the engine that drives the U.S. economy," added Mr. Kester, who joined Siguler Guff in 2004 and founded the Small Buyout Opportunities Funds.
Jonathan Wilson, Managing Director and Co-Portfolio Manager of the Fund commented, "Over the past 17 years, we have developed a time-tested strategy for successfully investing in this important market sector through commitments to private equity funds and equity co-investments alongside small buyout fund managers and deal sponsors. We look forward to collaborating with our partners to identify, invest and build extraordinary businesses."
Drew Guff, Managing Director and Founding Partner of Siguler Guff, added, "We are proud that small business investing has long been one of Siguler Guff's core strategies. Over the years, we have cultivated strong relationships within the small business community and we maintain an unparalleled network that is the foundation of our success. We want to express our deep appreciation to our limited partners for their continued trust in this important investment strategy that has consistently generated outsized returns."
About Siguler Guff
Siguler Guff is a leading global multi-strategy private markets investment firm, which together with its affiliates, has over $16 billion of assets under management, as of March 31, 2022, and over 25 years of investment experience. Siguler Guff seeks to generate strong, risk-adjusted returns by focusing opportunistically on market niches. Siguler Guff's core investment strategies include opportunistic and private credit, small business private equity, distressed real estate and emerging markets. Siguler Guff's investment products include direct investment funds, multi-manager funds and customized separate accounts. Founded in 1991 and headquartered in New York, Siguler Guff maintains offices in Boston, London, Mumbai, São Paulo, Shanghai, Seoul, Tokyo, Hong Kong and Houston, TX. To learn more about Siguler Guff, please visit www.sigulerguff.com.
Media Contacts:
Jeffrey Taufield / Daniel Yunger
Kekst CNC
jeffrey.taufield@kekstcnc.com / daniel.yunger@kekstcnc.com
212-521-4800
View original content:
SOURCE Siguler Guff | https://www.weau.com/prnewswire/2022/08/05/siguler-guff-raises-197-billion-oversubscribed-small-buyout-opportunities-fund-v-lp/ | 2022-08-05T12:42:54Z | https://www.weau.com/prnewswire/2022/08/05/siguler-guff-raises-197-billion-oversubscribed-small-buyout-opportunities-fund-v-lp/ | true |
This is a carousel. Use Next and Previous buttons to navigate
CLEVELAND (AP) — Justin Verlander pitched six scoreless innings for his MLB-leading 15th victory, Chas McCormick and Martin Maldonado each homered and had three RBIs, and the AL West-leading Houston Astros beat the Cleveland Guardians 6-0 Thursday night.
Verlander (15-3), making his comeback from Tommy John surgery, extended his winning streak to seven starts and moved into a tie with Herb Pennock for 55th place all-time with 241 victories. He gave up two hits, both singles, and struck out five.
“It’s fun to be behind the plate for him,” Maldonado said. “Watching his preparation between games and his execution on the mound, that’s what future Hall of Famers do. I think he was born that way.”
In addition to leading the majors in wins, Verlander is first with a 1.73 ERA. The right-hander is 11-16 in his career at Progressive Field, where his 5.17 ERA is the highest of any ballpark that he has pitched in more than twice.
“Is it still over 5.00? Well, then I’ve still got some demons to exorcize here,” Verlander quipped. “These guys tormented me for a while. I’m not going to say that was something I focused on, but it was definitely on my mind.”
Verlander also triggered his $25 million player option for 2023 by reaching 130 innings. The 39-year-old will earn the same amount this season under the new contract that he signed last winter.
“I wanted a player option and I thought that was more than a fair ask because they’re going out on a limb paying an old guy,” Verlander said. “Because if I didn’t throw 130, then I didn’t earn what I made this year anyway.
“Crossing that threshold puts me in a good spot, but that isn’t something I’m thinking about now at all.”
Will Smith, Ryne Stanek and Phil Maton completed the three-hitter, helping Houston move within 1 1/2 games of the idle Yankees for the best record in the AL.
McCormick gave the Astros a 2-0 lead with run-scoring singles in the third and fifth off Cleveland starter Zach Plesac (2-10). Maldonado added a two-run double in the fifth against Nick Sandlin to make it 4-0.
McCormick and Maldonado struck again in the seventh with solo homers, the 11th of the season for both, off Kirk McCarty. McCormick equaled his career high with three hits on an evening when Houston left eight runners on base over the first three innings.
“I didn’t see them square up a ton of balls, but there was a ton of traffic right from the get-go,” Guardians manager Terry Francona said. “And Verlander was as advertised.”
Cleveland entered the day one game behind AL Central leader Minnesota and one game out of the final wild-card spot. Steven Kwan, Josh Naylor and Austin Hedges accounted for its hits in the loss.
Kwan matched Boston’s J.D. Martinez for the longest hitting streak in the AL this year at 18 games. It also is the longest run by a rookie since Pittsburgh’s Ke’Bryan Hayes had a 19-gamer in 2020-2021.
Plesac remained winless since June 5 in Baltimore, allowing four runs, seven hits and five walks in 4 1/3 innings. The right-hander is 0-6 in his last 10 starts and has dropped all five of his decisions in night games.
“I’m being tested right now, it’s just a weird time,” Plesac said. “I’m never going to back down from it and will get out of this funk of unluckiness or whatever it is. It seems like I can’t catch a break.”
SIGH OF RELIEF
The Astros picked up three significant veterans in 1B Trey Mancini, C Christian Vázquez and LHP Will Smith before the MLB trade deadline earlier this week, allowing manager Dusty Baker to take a deep breath.
“It feels fun, actually, to be done with that,” Baker said. “We’re in the dog days of the season, but this year, it seems like the dog showed up a little early.”
Vázquez ranks third in the AL with 74 starts behind the plate, the first 73 with Boston.
“Going to a new team is a difficult adjustment for catchers, which is where Vázquez is now,” Baker said. “You have to learn the philosophy of the pitching coach, how to talk to pitchers, and when to call timeout to calm a guy down. It’s not easy.”
TRAINER’S ROOM
Astros: OF Aledmys Diaz (left ring finger) was hurt in the eighth inning when he collided with center fielder Jake Meyers on a fly ball to left-center by Cleveland's Austin Hedges. Diaz was undergoing medical tests following the game.
Guardians: RHP Aaron Civale (right wrist sprain), who has been on the 15-day injured list since July 14, will make a rehab start Friday for Triple-A Columbus against Rochester. Francona said the goal for Civale is to pitch four innings.
UP NEXT
Astros: LHP Framber Valdez (9-4, 2.80 ERA) has earned the win in all three of his career appearances against Cleveland, posting a 2.81 ERA over two starts and one relief outing.
Guardians: RHP Hunter Gaddis will be recalled from Triple-A Columbus for his major league debut. Gaddis is 1-0 with a 2.70 ERA since his promotion from Double-A Akron.
___
More AP MLB: https://apnews.com/hub/MLB and https://twitter.com/AP_Sports | https://www.expressnews.com/sports/article/Verlander-wins-MLB-leading-15th-game-Astros-17353257.php | 2022-08-05T12:43:09Z | https://www.expressnews.com/sports/article/Verlander-wins-MLB-leading-15th-game-Astros-17353257.php | false |
Andhra Pradesh: ‘Action will be taken against MP basing on probe report’
Truth in obscene video case will soon come to light, says Deputy Chief Minister
Deputy Chief Minister K. Narayana Swamy has said that the party will not hesitate to initiate stern action against Hindupur MP Gorantla Madhav if the allegations against him in the obscene video case are found to be true.
Addressing the media here on Friday, Mr. Swamy said investigation into the case was under way and truth would soon come into light.
He reiterated that the intention behind the Disha Act was to check atrocities against women and provide safety to them.
Meanwhile, YSRCP MP M.V.V. Satyanarayana termed the controversy as unfortunate, and said the party would initiate stringent steps to check recurrence of such incidents in the future.
Related Topics
- Comments will be moderated by The Hindu editorial team.
- Comments that are abusive, personal, incendiary or irrelevant cannot be published.
- Please write complete sentences. Do not type comments in all capital letters, or in all lower case letters, or using abbreviated text. (example: u cannot substitute for you, d is not 'the', n is not 'and').
- We may remove hyperlinks within comments.
- Please use a genuine email ID and provide your name, to avoid rejection. | https://www.thehindu.com/news/national/andhra-pradesh/andhra-pradesh-action-will-be-taken-against-mp-basing-on-probe-report/article65730128.ece | 2022-08-05T12:43:40Z | https://www.thehindu.com/news/national/andhra-pradesh/andhra-pradesh-action-will-be-taken-against-mp-basing-on-probe-report/article65730128.ece | false |
India freezes assets of Binance-owned local unit WazirX
MUMBAI, Aug 5 (Reuters) - India´s financial crime-fighting agency said on Friday that it has frozen the assets of WazirX, owned by the world's largest digital currency exchange Binance, as part of its investigation into suspected violation of foreign exchange regulations.
The federal Enforcement Directorate (ED) said that it froze assets worth 646.70 million rupees ($8.16 million).
WazirX did not immediately respond to a request seeking comment.
The agency said its action related to the investigation into the crypto exchange's suspected role in assisting instant loan app companies in laundering the proceeds of crime by converting it into cryptocurrencies on its platform.
The ED launched its investigation last year into WazirX - owned since 2019 by Binance, for suspected violation of foreign exchange regulations.
In 2021, ED was looking into a money laundering case which involved Chinese-owned illegal online betting applications. During the course of the investigation it was found that the laundered proceeds of crime worth approximately 570 million rupees had been converted into cryptocurrencies using the Binance platform, the ED had said. ($1 = 79.2040 Indian rupees) (Reporting by Nupur Anand; Editing by Louise Heavens) | https://www.dailymail.co.uk/wires/reuters/article-11084545/India-freezes-assets-Binance-owned-local-unit-WazirX.html?ns_mchannel=rss&ns_campaign=1490&ito=1490 | 2022-08-05T12:44:56Z | https://www.dailymail.co.uk/wires/reuters/article-11084545/India-freezes-assets-Binance-owned-local-unit-WazirX.html?ns_mchannel=rss&ns_campaign=1490&ito=1490 | false |
BEDFORD, Mass., Aug. 5, 2022 /PRNewswire/ -- iRobot Corp. (NASDAQ: IRBT), a leader in consumer robots, today announced its financial results for the second quarter ended July 2, 2022. Additionally, in a separate release, iRobot announced it has entered into a definitive agreement to be acquired by Amazon.com, Inc. (NASDAQ: AMZN). Under the terms of the agreement, Amazon will acquire all the outstanding shares of iRobot common stock for $61.00 per share in cash for a transaction value of approximately $1.7 billion, including iRobot's net debt.
Financial Performance Highlights
- Revenue for the second quarter of 2022 was $255.4 million, compared with $365.6 million in the second quarter of 2021. Revenue for the first half of 2022 was $547.3 million versus $668.9 million in the first half of 2021.
- The company's second-quarter 2022 GAAP operating loss was $63.9 million, compared with a GAAP operating loss of $3.0 million in the second quarter of 2021. iRobot's second-quarter 2022 non-GAAP operating loss was $53.3 million, compared with non-GAAP operating income of $9.0 million in the same period one year ago. The company's GAAP operating loss for the first six months of 2022 was $87.2 million, compared with GAAP operating income of $3.3 million in the first half of 2021. iRobot's first-half 2022 non-GAAP operating loss was $71.8 million versus non-GAAP operating income of $23.9 million in the same period one year ago. The company's operating loss reflects the impact of lower-than-expected revenue, partially offset by the benefits of certain cost management activities.
- iRobot's GAAP net loss per share was $1.60 for the second quarter of 2022, compared with GAAP net loss per share of $0.10 in the second quarter of 2021. Non-GAAP net loss per share was $0.35 for the second quarter of 2022 versus non-GAAP net income per share of $0.27 in the second quarter of 2021. First-half 2022 GAAP net loss per share was $2.72, compared with GAAP net income per share of $0.16 in the first half of 2021. First-half 2022 non-GAAP net loss per share was $1.01, compared with non-GAAP net income per share of $0.68 in the same period of 2021.
- As of July 2, 2022, the company's cash, cash equivalents and short-term investments were $63.4 million, compared with $113.5 million as of April 2, 2022, and $234.5 million at the end of 2021. During the quarter, the company drew down $35 million from its unsecured revolving line of credit of $150 million.
- The company's inventory balance was $397.0 million, or 210 days, as of July 2, 2022, versus $276.5 million, or 112 days, at the end of the second quarter one year ago. The inventory increase reflects increased on-hand inventory levels entering the quarter, higher in-transit inventory levels and the impact of lower-than-expected orders during the quarter. iRobot plans to use its on-hand inventory to help fulfill anticipated orders over the coming quarters.
Cost-Reduction Actions
- To better align its cost structure with near-term revenue, iRobot is in the process of initiating a restructuring of its operations, which is expected to deliver net savings in the range of approximately $5 million to $10 million in 2022 and approximately $30 million to $40 million in 2023. As part of the restructuring, the company is accelerating actions to shift certain non-core engineering functions to lower-cost regions and increasingly leverage its joint design manufacturing (JDM) partners; better balancing global and regional commercial and marketing resources to support go-to-market plans while driving efficiencies and achieving economies of scale; realigning other operational areas to best support current needs of the business; and reducing its global facilities footprint. The actions are expected to result in a net reduction of approximately 140 employees, which represents 10% of the company's workforce as of July 2, 2022.
- These actions help support the company's near-term priorities to drive innovation by executing on its product roadmaps, optimize inventory levels across all major channels, expand DTC sales and position the business for profitable growth in 2023. They also augment other cost-reduction actions that include recalibrating near-term promotional and advertising plans, carefully managing hiring activities, adjusting short-term incentive compensation to align with projected performance and reducing other discretionary spending.
Second-Quarter and Recent Business Highlights
- For the 8th consecutive year, Roomba® was a featured product in Amazon's Prime Day event, which was held on July 12-13, 2022.
- The company's community of engaged, connected customers who have opted-in to its digital communications grew to 15.7 million, an increase of 35% from the second quarter of 2021.
- In May 2022, the company introduced iRobot OS, an evolution of the company's Genius Home Intelligence platform that delivers a new level of customer experience for a cleaner, healthier and smarter home.
- iRobot's j7+ continues to generate favorable reviews and awards with recent accolades in the U.S. from ZDNet and Android Headlines, in the UK from Good Housekeeping, and in Japan from Lee and ASCII.
In light of the transaction with Amazon.com, Inc. announced separately today, iRobot will not hold its second-quarter 2022 financial results conference call, which was originally scheduled for August 10 at 8:30 am ET. In addition, iRobot has withdrawn its prior 2022 financial expectations issued in early May 2022, as well as its long-term financial targets provided in December 2021. Given the ongoing disruptions and uncertainty that could impact the company's outlook, iRobot is suspending its practice of providing financial guidance.
About iRobot Corp.
iRobot is a global consumer robot company that designs and builds thoughtful robots and intelligent home innovations that make life better. iRobot introduced the first Roomba robot vacuum in 2002. Today, iRobot is a global enterprise that has sold millions of robots worldwide. iRobot's product portfolio features technologies and advanced concepts in cleaning, mapping and navigation. Working from this portfolio, iRobot engineers are building robots and smart home devices to help consumers make their homes easier to maintain and healthier places to live. For more information about iRobot, please visit www.irobot.com.
Important Information and Where to Find It
In connection with the proposed transaction between iRobot Corporation (the "Company") and Amazon.com, Inc. ("Amazon"), the Company will file with the Securities and Exchange Commission ("SEC") a Proxy Statement, the definitive version of which will be sent or provided to Company stockholders. The Company may also file other documents with the SEC regarding the proposed transaction. This document is not a substitute for the Proxy Statement or any other document which the Company may file with the SEC. INVESTORS AND SECURITY HOLDERS ARE URGED TO READ THE PROXY STATEMENT AND ANY OTHER RELEVANT DOCUMENTS THAT ARE FILED OR WILL BE FILED WITH THE SEC, AS WELL AS ANY AMENDMENTS OR SUPPLEMENTS TO THESE DOCUMENTS AND DOCUMENTS INCORPORATED BY REFERENCE THEREIN, CAREFULLY AND IN THEIR ENTIRETY BECAUSE THEY CONTAIN OR WILL CONTAIN IMPORTANT INFORMATION ABOUT THE PROPOSED TRANSACTION AND RELATED MATTERS. Investors and security holders may obtain free copies of the Proxy Statement (when it is available) and other documents that are filed or will be filed with the SEC by the Company through the website maintained by the SEC at www.sec.gov, the Company's investor relations website at investor.irobot.com or by contacting the Company's investor relations department at the following:
Andrew Kramer
akramer@irobot.com
(781) 430-3003
Participants in the Solicitation
The Company and certain of its directors and executive officers may be deemed to be participants in the solicitation of proxies from the Company's stockholders in respect of the proposed transaction and any other matters to be voted on at the special meeting. Information regarding the Company's directors and executive officers, including a description of their direct interests, by security holdings or otherwise, is contained in the Company's proxy statement for its 2022 annual meeting of stockholders, which was filed with the SEC on April 11, 2022, and will be included in the Proxy Statement (when available). Company stockholders may obtain additional information regarding the direct and indirect interests of the participants in the solicitation of proxies in connection with the proposed transaction, including the interests of Company directors and executive officers in the transaction, which may be different than those of Company stockholders generally, by reading the Proxy Statement and any other relevant documents that are filed or will be filed with the SEC relating to the transaction. You may obtain free copies of these documents using the sources indicated above.
Cautionary Statement Regarding Forward-Looking Statements
This communication contains "forward-looking statements" within the meaning of the federal securities laws, including Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements are based on the Company's current expectations, estimates and projections about the expected date of closing of the proposed transaction and the potential benefits thereof, its business and industry, management's beliefs and certain assumptions made by the Company and Amazon, all of which are subject to change. In this context, forward-looking statements often address expected future business and financial performance and financial condition, and often contain words such as "expect," "anticipate," "intend," "plan," "believe," "could," "seek," "see," "will," "may," "would," "might," "potentially," "estimate," "continue," "expect," "target," similar expressions or the negatives of these words or other comparable terminology that convey uncertainty of future events or outcomes. All forward-looking statements by their nature address matters that involve risks and uncertainties, many of which are beyond our control, and are not guarantees of future results, such as statements about the consummation of the proposed transaction and the anticipated benefits thereof. These and other forward-looking statements, including the Company's expectations regarding financial performance; anticipated orders; reductions in inventory; the restructuring of operations and the financial impacts thereof; management's plans to recalibrate near-term promotional and advertising plans; and the profitability and growth of our business in 2023; the failure to consummate the proposed transaction or to make or take any filing or other action required to consummate the transaction on a timely matter or at all, are not guarantees of future results and are subject to risks, uncertainties and assumptions that could cause actual results to differ materially from those expressed in any forward-looking statements. Accordingly, there are or will be important factors that could cause actual results to differ materially from those indicated in such statements and, therefore, you should not place undue reliance on any such statements and caution must be exercised in relying on forward-looking statements. Important risk factors that may cause such a difference include, but are not limited to: (i) the ability of the parties to consummate the proposed transaction in a timely manner or at all; (ii) the satisfaction (or waiver) of closing conditions to the consummation of the proposed transaction, including with respect to the approval of the Company's stockholders; (iii) potential delays in consummating the proposed transaction; (iv) the ability of the Company to timely and successfully achieve the anticipated benefits of the proposed transaction; (v) the occurrence of any event, change or other circumstance or condition that could give rise to the termination of the merger agreement; (vi) the impact of the COVID-19 pandemic and the current conflict between the Russian Federation and Ukraine on the Company's business and general economic conditions; (vii) the Company's ability to implement its business strategy; (viii) significant transaction costs associated with the proposed transaction; (ix) potential litigation relating to the proposed transaction; (x) the risk that disruptions from the proposed transaction will harm the Company's business, including current plans and operations; (xi) the ability of the Company to retain and hire key personnel; (xii) potential adverse reactions or changes to business relationships resulting from the announcement or completion of the proposed transaction; (xiii) legislative, regulatory and economic developments affecting the Company's business; (xiv) general economic and market developments and conditions; (xv) the evolving legal, regulatory and tax regimes under which the Company operates; (xvi) potential business uncertainty, including changes to existing business relationships, during the pendency of the merger that could affect the Company's financial performance; (xvii) restrictions during the pendency of the proposed transaction that may impact the Company's ability to pursue certain business opportunities or strategic transactions; (xviii) unpredictability and severity of catastrophic events, including, but not limited to, acts of terrorism or outbreak of war or hostilities, (xviv) current supply chain challenges including current constraints in the availability of certain semiconductor components used in our products; (xx) the financial strength of our customers and retailers; (xxi) the impact of tariffs on goods imported into the United States; and (xxii) competition, as well as the Company's response to any of the aforementioned factors. These risks, as well as other risks associated with the proposed transaction, will be fully discussed in the Proxy Statement to be filed with the SEC in connection with the proposed transaction. Additional risks and uncertainties that could cause actual outcomes and results to differ materially from those contemplated by the forward-looking statements are included under the caption "Risk Factors" in the Company's most recent annual and quarterly reports filed with the SEC and any subsequent reports on Form 10-K, Form 10-Q or Form 8-K filed from time to time and available at www.sec.gov. While the list of factors presented here is, and the list of factors presented in the Proxy Statement will be, considered representative, no such list should be considered to be a complete statement of all potential risks and uncertainties. Unlisted factors may present significant additional obstacles to the realization of forward-looking statements. Consequences of material differences in results as compared with those anticipated in the forward-looking statements could include, among other things, business disruption, operational problems, financial loss, legal liability and similar risks, any of which could have a material adverse effect on the Company's financial condition, results of operations, or liquidity. The forward-looking statements included herein are made only as of the date hereof. The Company does not assume any obligation to publicly provide revisions or updates to any forward-looking statements, whether as a result of new information, future developments or otherwise, should circumstances change, except as otherwise required by securities and other applicable laws.
iRobot Corporation
Explanation of Non-GAAP Measures
In addition to disclosing financial results in accordance with U.S. GAAP, this earnings release contains references to the non-GAAP financial measures described below. We use non-GAAP measures to internally evaluate and analyze financial results. We believe these non-GAAP financial measures provide investors with useful supplemental information about the financial performance of our business, enable comparison of financial results between periods where certain items may vary independent of business performance, and enable comparison of our financial results with other public companies, many of which present similar non-GAAP financial measures.
Our non-GAAP financial measures reflect adjustments based on the following items. These non-GAAP financial measures should not be considered a substitute for, or superior to, financial measures calculated in accordance with GAAP, and the financial results calculated in accordance with GAAP and reconciliations from these results should be carefully evaluated.
Amortization of acquired intangible assets: Amortization of acquired intangible assets consists of amortization of intangible assets including completed technology, customer relationships, and reacquired distribution rights acquired in connection with business combinations. Amortization charges for our acquisition-related intangible assets are inconsistent in size and are significantly impacted by the timing and valuation of our acquisitions. We exclude these charges from our non-GAAP measures to facilitate an evaluation of our current operating performance and comparisons to our past operating performance.
Net Merger, Acquisition and Divestiture (Income) Expense: Net merger, acquisition and divestiture (income) expense primarily consists of transaction fees, professional fees, and transition and integration costs directly associated with mergers, acquisitions and divestitures. It also includes business combination adjustments including adjustments after the measurement period has ended. The occurrence and amount of these costs will vary depending on the timing and size of these transactions. We exclude these charges from our non-GAAP measures to facilitate an evaluation of our current operating performance and comparisons to our past operating performance.
Stock-Based Compensation: Stock-based compensation is a non-cash charge relating to stock-based awards. We exclude this expense as it is a non-cash expense, and we assess our internal operations excluding this expense and believe it facilitates comparisons to the performance of other companies.
Tariff Refunds: iRobot's Section 301 List 3 Tariff Exclusion was reinstated in March 2022, which temporarily eliminates tariffs on our products imported from China until December 31, 2022 and entitles us to a refund of all related tariffs previously paid since October 12, 2021. We exclude the refunds for tariffs paid in 2021 from our 2022 first-quarter non-GAAP measures because those tariff refunds associated with tariff costs incurred in the past have no impact to our current period earnings.
IP Litigation Expense, Net: IP litigation expense, net relates to legal costs incurred to litigate patent, trademark, copyright and false advertising infringements, or to oppose or defend against interparty actions related to intellectual property. Any settlement payment or proceeds resulting from these infringements are included or netted against the costs. We exclude these costs from our non-GAAP measures as we do not believe these costs have a direct correlation to the operations of our business and may vary in size depending on the timing and results of such litigations and settlements.
Restructuring and Other: Restructuring charges are related to one-time actions associated with realigning resources, enhancing operational productivity and efficiency, or improving our cost structure in support of our strategy. Such actions are not reflective of ongoing operations and include costs primarily associated with severance costs, certain professional fees, costs associated with consolidation of warehouses, and other non-recurring costs directly associated with resource realignments tied to strategic initiatives or changes in business conditions. We exclude this item from our non-GAAP measures when evaluating our recent and prospective business performance as such items vary significantly based on the magnitude of the action and do not reflect anticipated future operating costs. In addition, these charges do not necessarily provide meaningful insight into the fundamentals of current or past operations of our business.
Gain/Loss on Strategic Investments: Gain/loss on strategic investments includes fair value adjustments, realized gains and losses on the sales of these investments and losses on the impairment of these investments. We exclude these items from our non-GAAP measures because we do not believe they correlate to the performance of our core business and may vary in size based on market conditions and events. We believe that the exclusion of these gains or losses provides investors with a supplemental view of our operational performance.
Income tax adjustments: Income tax adjustments include the tax effect of the non-GAAP adjustments, calculated using the appropriate statutory tax rate for each adjustment. We reassess the need for any valuation allowance recorded based on the non-GAAP profitability and have eliminated the effect of the valuation allowance recorded in the U.S. jurisdiction. We also exclude certain tax items, including impact from stock-based compensation windfalls/shortfalls, that are not reflective of income tax expense incurred as a result of current period earnings. We believe disclosure of the income tax provision before the effect of such tax items is important to permit investors' consistent earnings comparison between periods.
View original content to download multimedia:
SOURCE iRobot Corporation | https://www.wflx.com/prnewswire/2022/08/05/irobot-reports-second-quarter-2022-financial-results/ | 2022-08-05T12:47:57Z | https://www.wflx.com/prnewswire/2022/08/05/irobot-reports-second-quarter-2022-financial-results/ | true |
CT New York NY Zone Forecast for Thursday, August 4, 2022
_____
043 FPUS51 KOKX 041642
ZFPOKX
Zone Forecast Product
National Weather Service New York NY
1241 PM EDT Thu Aug 4 2022
CTZ005-042000-
Northern Fairfield-
1241 PM EDT Thu Aug 4 2022
...HEAT ADVISORY IN EFFECT UNTIL 8 PM EDT FRIDAY...
.THIS AFTERNOON...Sunny. Highs in the mid 90s. South winds 10 to
15 mph. Heat index values in the upper 90s.
.TONIGHT...Partly cloudy with isolated showers and thunderstorms.
Humid with lows in the lower 70s. South winds 5 to 10 mph,
becoming west after midnight. Chance of rain 20 percent.
.FRIDAY...Partly sunny. A slight chance of showers and
thunderstorms in the morning, then a chance of showers and
thunderstorms in the afternoon. Humid with highs around 90.
Southwest winds around 5 mph. Chance of rain 50 percent. Heat
index values in the upper 90s.
.FRIDAY NIGHT...Mostly cloudy. Showers and thunderstorms likely,
mainly in the evening. Humid with lows around 70. Southwest winds
around 5 mph in the evening, becoming light and variable. Chance
of rain 70 percent.
.SATURDAY...Partly sunny. A chance of showers and thunderstorms
in the afternoon. Humid with highs in the upper 80s. Southwest
winds 5 to 10 mph. Chance of rain 40 percent.
.SATURDAY NIGHT...Partly cloudy. A chance of showers and
thunderstorms in the evening. Lows in the lower 70s. Chance of
rain 40 percent.
.SUNDAY...Mostly sunny. Highs around 90. Heat index values in the
upper 90s.
.SUNDAY NIGHT...Partly cloudy. Lows in the lower 70s.
.MONDAY...Partly sunny. A chance of showers in the afternoon.
Highs around 90. Chance of rain 50 percent. Heat index values up
to 100.
.MONDAY NIGHT...Mostly cloudy in the evening, then becoming
partly cloudy. A chance of showers and thunderstorms. Lows in the
upper 60s. Chance of rain 50 percent.
.TUESDAY...Partly sunny with a chance of showers. Highs in the
upper 80s. Chance of rain 50 percent.
.TUESDAY NIGHT...Mostly cloudy. A chance of showers and
thunderstorms in the evening. Lows in the mid 60s. Chance of rain
40 percent.
.WEDNESDAY...Partly sunny. A chance of showers and thunderstorms
in the afternoon. Highs in the lower 80s. Chance of rain
30 percent.
$$
CTZ009-042000-
Southern Fairfield-
1241 PM EDT Thu Aug 4 2022
...HEAT ADVISORY IN EFFECT UNTIL 8 PM EDT FRIDAY...
.THIS AFTERNOON...Sunny, hot with highs in the mid 90s. South
winds 10 to 15 mph. Heat index values up to 101.
.TONIGHT...Partly cloudy with isolated showers and thunderstorms.
Humid with lows in the mid 70s. South winds 5 to 10 mph with
gusts up to 20 mph, becoming west after midnight. Chance of rain
20 percent.
.FRIDAY...Partly sunny. A slight chance of showers and
thunderstorms in the morning, then a chance of showers and
thunderstorms in the afternoon. Humid with highs around 90.
Southwest winds 5 to 10 mph. Chance of rain 50 percent. Heat
index values in the upper 90s.
.FRIDAY NIGHT...Mostly cloudy with a chance of showers and
thunderstorms. Humid with lows in the lower 70s. Southwest winds
around 5 mph. Chance of rain 50 percent.
.SATURDAY...Partly sunny. A chance of showers and thunderstorms
in the afternoon. Humid with highs in the upper 80s. Southwest
winds 5 to 10 mph. Chance of rain 40 percent. Heat index values
in the mid 90s.
.SATURDAY NIGHT...Partly cloudy. A chance of showers and
thunderstorms in the evening. Lows in the lower 70s. Chance of
rain 40 percent.
.SUNDAY...Mostly sunny. Highs around 90. Heat index values up to
100.
.SUNDAY NIGHT...Partly cloudy. Lows in the mid 70s.
.MONDAY...Partly sunny. A chance of showers in the afternoon.
Highs in the lower 90s. Chance of rain 40 percent. Heat index
values up to 100.
.MONDAY NIGHT...Mostly cloudy. A chance of showers and
thunderstorms in the evening, then a chance of showers after
midnight. Lows in the lower 70s. Chance of rain 40 percent.
.TUESDAY...Partly sunny with a chance of showers. Highs in the
upper 80s. Chance of rain 50 percent. Heat index values in the
mid 90s.
.TUESDAY NIGHT...Mostly cloudy. A chance of showers and
thunderstorms in the evening, then a chance of showers after
midnight. Lows in the upper 60s. Chance of rain 40 percent.
.WEDNESDAY...Partly sunny. A chance of showers and thunderstorms
in the afternoon. Highs in the mid 80s. Chance of rain
30 percent.
$$
CTZ006-042000-
Northern New Haven-
1241 PM EDT Thu Aug 4 2022
...HEAT ADVISORY IN EFFECT UNTIL 8 PM EDT FRIDAY...
.THIS AFTERNOON...Sunny. Highs in the mid 90s. South winds 10 to
15 mph. Heat index values in the upper 90s.
.TONIGHT...Partly cloudy. Isolated showers and thunderstorms in
the evening. Humid with lows in the lower 70s. Southwest winds
5 to 10 mph. Gusts up to 20 mph in the evening. Chance of rain
20 percent.
.FRIDAY...Partly sunny. A slight chance of showers and
thunderstorms in the morning, then a chance of showers and
thunderstorms in the afternoon. Humid with highs in the lower
90s. Southwest winds around 5 mph. Chance of rain 50 percent.
Heat index values in the upper 90s.
.FRIDAY NIGHT...Mostly cloudy with a chance of showers and
thunderstorms. Humid with lows in the lower 70s. Southwest winds
around 5 mph in the evening, becoming light and variable. Chance
of rain 50 percent.
.SATURDAY...Partly sunny with a chance of showers and
thunderstorms. Humid with highs in the upper 80s. Southwest winds
5 to 10 mph. Chance of rain 40 percent. Heat index values in the
mid 90s.
.SATURDAY NIGHT...Partly cloudy. A chance of showers and
thunderstorms in the evening. Lows in the lower 70s. Chance of
rain 40 percent.
.SUNDAY...Mostly sunny. Highs around 90. Heat index values up to
100.
.SUNDAY NIGHT...Partly cloudy. Lows in the lower 70s.
.MONDAY...Partly sunny. A chance of showers in the afternoon.
Highs in the lower 90s. Chance of rain 40 percent. Heat index
values up to 100.
.MONDAY NIGHT...Mostly cloudy with a chance of showers and
thunderstorms. Lows in the upper 60s. Chance of rain 40 percent.
.TUESDAY...Partly sunny with a chance of showers. Highs in the
upper 80s. Chance of rain 50 percent. Heat index values in the
mid 90s in the afternoon.
.TUESDAY NIGHT...Mostly cloudy in the evening, then becoming
partly cloudy. A chance of showers. Lows in the mid 60s. Chance
of rain 40 percent.
.WEDNESDAY...Partly sunny. A chance of showers and thunderstorms
in the afternoon. Highs in the lower 80s. Chance of rain
30 percent.
$$
CTZ010-042000-
Southern New Haven-
1241 PM EDT Thu Aug 4 2022
...HEAT ADVISORY IN EFFECT UNTIL 8 PM EDT FRIDAY...
.THIS AFTERNOON...Sunny. Highs in the lower 90s. South winds
10 to 15 mph. Heat index values in the upper 90s.
.TONIGHT...Mostly clear in the evening, then becoming partly
cloudy. Humid with lows in the mid 70s. Southwest winds 5 to
10 mph. Gusts up to 20 mph in the evening.
.FRIDAY...Partly sunny. A slight chance of showers and
thunderstorms in the morning, then a chance of showers and
thunderstorms in the afternoon. Humid with highs around 90.
Southwest winds 5 to 10 mph. Chance of rain 50 percent. Heat
index values in the upper 90s.
.FRIDAY NIGHT...Mostly cloudy with a chance of showers and
thunderstorms. Humid with lows in the lower 70s. Southwest winds
around 5 mph. Chance of rain 50 percent.
.SATURDAY...Partly sunny with a chance of showers and
thunderstorms. Humid with highs in the upper 80s. Southwest winds
5 to 10 mph. Chance of rain 30 percent. Heat index values in the
mid 90s.
.SATURDAY NIGHT...Partly cloudy. A chance of showers and
thunderstorms in the evening. Lows in the lower 70s. Chance of
rain 30 percent.
.SUNDAY...Mostly sunny. Highs around 90. Heat index values up to
100.
.SUNDAY NIGHT...Partly cloudy. Lows in the mid 70s.
.MONDAY...Partly sunny. A chance of showers in the afternoon.
Highs around 90. Chance of rain 40 percent. Heat index values up
to 100.
.MONDAY NIGHT...Mostly cloudy. A chance of showers and
thunderstorms in the evening, then a chance of showers after
midnight. Lows in the lower 70s. Chance of rain 40 percent.
.TUESDAY...Partly sunny with a chance of showers. Highs in the
upper 80s. Chance of rain 40 percent. Heat index values in the
mid 90s.
.TUESDAY NIGHT...Mostly cloudy in the evening, then becoming
partly cloudy. A chance of showers. Lows in the upper 60s. Chance
of rain 40 percent.
.WEDNESDAY...Partly sunny. A chance of showers in the afternoon.
Highs in the mid 80s. Chance of rain 30 percent.
$$
CTZ007-042000-
Northern Middlesex-
1241 PM EDT Thu Aug 4 2022
...HEAT ADVISORY IN EFFECT UNTIL 8 PM EDT FRIDAY...
.THIS AFTERNOON...Sunny. Highs in the lower 90s. South winds
around 10 mph with gusts up to 20 mph. Heat index values up to
100.
.TONIGHT...Mostly clear in the evening, then becoming partly
cloudy. Humid with lows in the lower 70s. Southwest winds 5 to
10 mph. Gusts up to 20 mph in the evening.
.FRIDAY...Partly sunny. A slight chance of showers and
thunderstorms in the morning, then a chance of showers and
thunderstorms in the afternoon. Humid with highs in the lower
90s. Southwest winds 5 to 10 mph. Chance of rain 50 percent. Heat
index values up to 100.
.FRIDAY NIGHT...Mostly cloudy with a chance of showers and
thunderstorms. Humid with lows in the lower 70s. Southwest winds
around 5 mph. Chance of rain 50 percent.
.SATURDAY...Partly sunny with a chance of showers and
thunderstorms. Humid with highs in the upper 80s. Southwest winds
5 to 10 mph. Chance of rain 30 percent. Heat index values in the
mid 90s.
.SATURDAY NIGHT...Partly cloudy. A chance of showers and
thunderstorms in the evening. Lows in the lower 70s. Chance of
rain 30 percent.
.SUNDAY...Mostly sunny. Highs in the lower 90s. Heat index values
up to 100.
.SUNDAY NIGHT...Partly cloudy. Lows in the lower 70s.
.MONDAY...Partly sunny. A chance of showers in the afternoon.
Highs in the lower 90s. Chance of rain 40 percent. Heat index
values up to 100.
.MONDAY NIGHT...Mostly cloudy with a chance of showers and
thunderstorms. Lows in the upper 60s. Chance of rain 40 percent.
.TUESDAY...Partly sunny with a chance of showers. Highs in the
upper 80s. Chance of rain 40 percent.
.TUESDAY NIGHT...Mostly cloudy in the evening, then becoming
partly cloudy. A chance of showers. Lows in the mid 60s. Chance
of rain 40 percent.
.WEDNESDAY...Partly sunny. A chance of showers in the afternoon.
Highs in the lower 80s. Chance of rain 30 percent.
$$
CTZ011-042000-
Southern Middlesex-
1241 PM EDT Thu Aug 4 2022
...HEAT ADVISORY IN EFFECT UNTIL 8 PM EDT FRIDAY...
.THIS AFTERNOON...Sunny. Highs in the lower 90s. South winds 5 to
10 mph with gusts up to 20 mph. Heat index values in the upper
90s.
.TONIGHT...Mostly clear in the evening, then becoming partly
cloudy. Humid with lows in the lower 70s. Southwest winds 5 to
10 mph. Gusts up to 20 mph in the evening.
.FRIDAY...Partly sunny. A slight chance of showers and
thunderstorms in the morning, then a chance of showers and
thunderstorms in the afternoon. Humid with highs around 90.
Southwest winds 5 to 10 mph. Chance of rain 50 percent. Heat
index values in the upper 90s.
.FRIDAY NIGHT...Mostly cloudy with a chance of showers and
thunderstorms. Humid with lows in the lower 70s. Southwest winds
around 5 mph. Chance of rain 50 percent.
.SATURDAY...Partly sunny with a chance of showers and
thunderstorms. Humid with highs in the upper 80s. Southwest winds
5 to 10 mph. Gusts up to 20 mph in the afternoon. Chance of rain
30 percent. Heat index values in the mid 90s.
.SATURDAY NIGHT...Partly cloudy. A chance of showers and
thunderstorms in the evening. Lows in the lower 70s. Chance of
rain 30 percent.
.SUNDAY...Mostly sunny. Highs around 90. Heat index values up to
100.
.SUNDAY NIGHT...Partly cloudy. Lows in the mid 70s.
.MONDAY...Partly sunny. A chance of showers in the afternoon.
Highs around 90. Chance of rain 30 percent. Heat index values up
to 100.
.MONDAY NIGHT...Mostly cloudy with a chance of showers. Lows
around 70. Chance of rain 40 percent.
.TUESDAY...Partly sunny with a chance of showers. Highs in the
upper 80s. Chance of rain 40 percent. Heat index values in the
mid 90s.
.TUESDAY NIGHT...Mostly cloudy in the evening, then becoming
partly cloudy. A chance of showers. Lows in the upper 60s. Chance
of rain 40 percent.
.WEDNESDAY...Partly sunny. Highs in the mid 80s.
$$
CTZ008-042000-
Northern New London-
1241 PM EDT Thu Aug 4 2022
...HEAT ADVISORY IN EFFECT UNTIL 8 PM EDT FRIDAY...
.THIS AFTERNOON...Sunny. Highs in the lower 90s. Southwest winds
around 10 mph. Heat index values in the upper 90s.
.TONIGHT...Mostly clear in the evening, then becoming partly
cloudy. Humid with lows in the lower 70s. Southwest winds 5 to
10 mph.
.FRIDAY...Partly sunny. A slight chance of showers and
thunderstorms in the morning, then a chance of showers and
thunderstorms in the afternoon. Humid with highs in the lower
90s. Southwest winds 5 to 10 mph. Chance of rain 50 percent. Heat
index values up to 100.
.FRIDAY NIGHT...Mostly cloudy with a chance of showers and
thunderstorms. Humid with lows in the lower 70s. Southwest winds
around 5 mph. Chance of rain 50 percent.
.SATURDAY...Partly sunny. A chance of showers and thunderstorms
in the morning. Humid with highs in the upper 80s. Southwest
winds 5 to 10 mph. Chance of rain 30 percent. Heat index values
in the mid 90s.
.SATURDAY NIGHT...Partly cloudy. Lows in the lower 70s.
.SUNDAY...Mostly sunny. Highs around 90. Heat index values up to
100.
.SUNDAY NIGHT...Partly cloudy. Lows in the lower 70s.
.MONDAY...Partly sunny. A chance of showers in the afternoon.
Highs in the lower 90s. Chance of rain 40 percent. Heat index
values up to 100.
.MONDAY NIGHT...Mostly cloudy with a chance of showers and
thunderstorms. Lows in the upper 60s. Chance of rain 40 percent.
.TUESDAY...Partly sunny. A chance of showers and thunderstorms in
the morning, then a chance of showers in the afternoon. Highs in
the upper 80s. Chance of rain 40 percent.
.TUESDAY NIGHT...Mostly cloudy in the evening, then becoming
partly cloudy. A chance of showers. Lows in the mid 60s. Chance
of rain 40 percent.
.WEDNESDAY...Partly sunny. Highs in the mid 80s.
$$
CTZ012-042000-
Southern New London-
1241 PM EDT Thu Aug 4 2022
...HEAT ADVISORY IN EFFECT UNTIL 8 PM EDT FRIDAY...
.THIS AFTERNOON...Sunny. Highs around 90. South winds 5 to 10 mph
with gusts up to 20 mph. Heat index values in the mid 90s.
.TONIGHT...Mostly clear in the evening, then becoming partly
cloudy. Humid with lows in the lower 70s. Southwest winds 5 to
10 mph. Gusts up to 20 mph in the evening.
.FRIDAY...Partly sunny. A slight chance of showers and
thunderstorms in the morning, then a chance of showers and
thunderstorms in the afternoon. Humid with highs in the upper
80s. Southwest winds 5 to 10 mph. Chance of rain 50 percent. Heat
index values in the upper 90s.
.FRIDAY NIGHT...Mostly cloudy with a chance of showers and
thunderstorms. Humid with lows in the lower 70s. Southwest winds
5 to 10 mph. Chance of rain 50 percent.
.SATURDAY...Partly sunny. A chance of showers and thunderstorms
in the morning. Humid with highs in the mid 80s. Southwest winds
5 to 10 mph. Gusts up to 20 mph in the afternoon. Chance of rain
30 percent. Heat index values in the mid 90s.
.SATURDAY NIGHT...Partly cloudy. Lows in the lower 70s.
.SUNDAY...Mostly sunny. Highs in the upper 80s. Heat index values
in the upper 90s.
.SUNDAY NIGHT...Partly cloudy. Lows in the mid 70s.
.MONDAY...Partly sunny. A chance of showers in the afternoon.
Highs in the upper 80s. Chance of rain 30 percent. Heat index
values in the upper 90s.
.MONDAY NIGHT...Mostly cloudy with a chance of showers. Lows
around 70. Chance of rain 40 percent.
.TUESDAY...Partly sunny with a chance of showers. Highs in the
mid 80s. Chance of rain 40 percent.
.TUESDAY NIGHT...Mostly cloudy in the evening, then becoming
partly cloudy. A chance of showers. Lows in the upper 60s. Chance
of rain 40 percent.
.WEDNESDAY...Partly sunny. Highs in the lower 80s.
$$
_____
Copyright 2022 AccuWeather | https://www.expressnews.com/weather/article/CT-New-York-NY-Zone-Forecast-17350479.php | 2022-08-05T12:48:38Z | https://www.expressnews.com/weather/article/CT-New-York-NY-Zone-Forecast-17350479.php | true |
NY Albany NY Zone Forecast for Thursday, August 4, 2022
_____
064 FPUS51 KALY 050847
ZFPALY
FPUS51 KALY 050846
ZFPALY
Zone Forecast Product for Eastern New York and Western New England
National Weather Service Albany NY
446 AM EDT Fri Aug 5 2022
NYZ033-052000-
Hamilton-
Including the cities of Speculator and Indian Lake
446 AM EDT Fri Aug 5 2022
.TODAY...Patchy fog this morning. Showers likely with a chance of
thunderstorms. Highs in the lower 80s. Light and variable winds.
Chance of rain 60 percent.
.TONIGHT...Mostly cloudy. A chance of showers and thunderstorms in
the evening. Humid with lows in the lower 60s. Light and variable
winds. Chance of rain 50 percent.
.SATURDAY...Mostly sunny with a chance of showers. A chance of
thunderstorms in the afternoon. Humid with highs in the lower 80s.
Light and variable winds, becoming southwest around 5 mph in the
afternoon. Chance of rain 30 percent.
.SATURDAY NIGHT...Partly cloudy. A chance of showers and
thunderstorms in the evening. Humid with lows in the mid 60s.
Southwest winds around 5 mph in the evening, becoming light and
variable. Chance of rain 30 percent.
.SUNDAY...Mostly sunny. A chance of showers and thunderstorms in the
afternoon. Hot with highs in the mid 80s. West winds around 5 mph.
Chance of rain 30 percent.
.SUNDAY NIGHT...Partly cloudy in the evening, then becoming mostly
cloudy. A chance of thunderstorms in the evening. A chance of
showers. Lows in the mid 60s. Chance of rain 30 percent.
.MONDAY AND MONDAY NIGHT...Mostly cloudy. Showers likely with
scattered thunderstorms. Highs in the lower 80s. Lows around 60.
Chance of rain 60 percent.
.TUESDAY AND TUESDAY NIGHT...Mostly cloudy with scattered showers
and thunderstorms. Highs in the mid 70s. Lows in the mid 50s. Chance
of rain 50 percent.
.WEDNESDAY THROUGH THURSDAY...Partly cloudy. Highs in the upper 70s.
Lows in the mid 50s.
$$
NYZ052-052000-
Eastern Albany-
Including the city of ALBANY
446 AM EDT Fri Aug 5 2022
...HEAT ADVISORY IN EFFECT FROM NOON TODAY TO 8 PM EDT THIS
EVENING...
.TODAY...Mostly cloudy. A slight chance of showers and thunderstorms
this morning, then showers likely with a chance of thunderstorms
this afternoon. Hot with highs in the lower 90s. Southwest winds
around 5 mph. Chance of rain 60 percent.
.TONIGHT...Mostly cloudy with a chance of showers and thunderstorms.
Humid with lows in the lower 70s. West winds around 5 mph in the
evening, becoming light and variable. Chance of rain 50 percent.
.SATURDAY...Partly sunny with a chance of showers. A chance of
thunderstorms in the afternoon. Hot with highs around 90. South
winds 5 to 10 mph. Chance of rain 40 percent.
.SATURDAY NIGHT...Partly cloudy. A chance of showers and
thunderstorms in the evening. Humid with lows in the lower 70s.
South winds 5 to 10 mph. Chance of rain 40 percent.
.SUNDAY...Mostly sunny. A chance of showers and thunderstorms in the
afternoon. Hot with highs in the mid 90s. Southwest winds 5 to
10 mph. Chance of rain 30 percent.
.SUNDAY NIGHT...Partly cloudy. A chance of showers and thunderstorms
in the evening. Lows in the lower 70s. Chance of rain 30 percent.
.MONDAY...Mostly sunny with scattered showers. Scattered
thunderstorms in the afternoon. Hot with highs in the mid 90s.
Chance of rain 50 percent.
.MONDAY NIGHT...Scattered thunderstorms in the evening. Mostly
cloudy with scattered showers. Lows in the lower 70s. Chance of rain
50 percent.
.TUESDAY AND TUESDAY NIGHT...Mostly cloudy. Showers likely with
scattered thunderstorms. Hot. Highs in the upper 80s. Lows in the
mid 60s. Chance of rain 60 percent.
.WEDNESDAY...Partly sunny. Highs in the lower 80s.
.WEDNESDAY NIGHT AND THURSDAY...Partly cloudy. Hot. Lows in the mid
60s. Highs in the mid 80s.
$$
NYZ058-052000-
Western Greene-
Including the cities of Hunter, Tannersville, and Windham
446 AM EDT Fri Aug 5 2022
.TODAY...Partly sunny with a slight chance of showers and
thunderstorms this morning, then mostly cloudy with showers and
thunderstorms likely this afternoon. Highs in the mid 80s. West
winds around 5 mph. Chance of rain 60 percent.
.TONIGHT...Mostly cloudy. Showers and thunderstorms likely, mainly
in the evening. Humid with lows in the mid 60s. Southwest winds
around 5 mph. Chance of rain 60 percent.
.SATURDAY...Partly sunny with a chance of showers. A chance of
thunderstorms in the afternoon. Humid with highs in the lower 80s.
Southwest winds around 5 mph. Chance of rain 50 percent.
.SATURDAY NIGHT...Partly cloudy. A chance of showers and
thunderstorms in the evening. Humid with lows in the upper 60s.
Southwest winds 5 to 10 mph. Chance of rain 50 percent.
.SUNDAY...Mostly sunny. A chance of showers and thunderstorms in the
afternoon. Hot with highs in the mid 80s. Southwest winds 5 to
10 mph. Chance of rain 40 percent.
.SUNDAY NIGHT...Partly cloudy. A chance of showers and thunderstorms
in the evening. Lows in the upper 60s. Chance of rain 40 percent.
.MONDAY AND MONDAY NIGHT...Partly cloudy. Scattered showers and
thunderstorms. Hot. Highs in the mid 80s. Lows in the upper 60s.
Chance of rain 50 percent.
.TUESDAY AND TUESDAY NIGHT...Mostly cloudy. Showers likely with
scattered thunderstorms. Highs around 80. Lows in the lower 60s.
Chance of rain 60 percent.
.WEDNESDAY...Partly sunny with scattered showers. Highs in the mid
70s. Chance of rain 30 percent.
.WEDNESDAY NIGHT...Partly cloudy. Scattered showers in the evening.
Lows in the upper 50s. Chance of rain 30 percent.
.THURSDAY...Sunny. Highs in the upper 70s.
$$
NYZ065-052000-
Western Dutchess-
Including the cities of Poughkeepsie, Beacon, and Arlington
446 AM EDT Fri Aug 5 2022
...HEAT ADVISORY IN EFFECT FROM NOON TODAY TO 8 PM EDT THIS
EVENING...
.TODAY...Partly sunny. A slight chance of showers and thunderstorms
this morning, then showers likely with a chance of thunderstorms
this afternoon. Hot with highs in the lower 90s. Light and variable
winds, becoming southwest around 5 mph this afternoon. Chance of
rain 60 percent.
.TONIGHT...Mostly cloudy with a chance of showers and thunderstorms.
Humid with lows around 70. Southeast winds around 5 mph in the
evening, becoming light and variable. Chance of rain 50 percent.
.SATURDAY...Partly sunny with a chance of showers. A chance of
thunderstorms in the afternoon. Hot with highs in the upper 80s.
South winds 5 to 10 mph. Chance of rain 50 percent.
.SATURDAY NIGHT...Mostly cloudy with a chance of showers and
thunderstorms in the evening, then partly cloudy after midnight.
Humid with lows in the lower 70s. Southwest winds around 5 mph.
Chance of rain 50 percent.
.SUNDAY...Mostly sunny. A chance of showers and thunderstorms in the
afternoon. Hot with highs in the lower 90s. Southwest winds 5 to
10 mph. Chance of rain 30 percent.
.SUNDAY NIGHT...Partly cloudy. A chance of showers and thunderstorms
in the evening. Lows in the lower 70s. Chance of rain 30 percent.
.MONDAY AND MONDAY NIGHT...Partly cloudy. Scattered showers and
thunderstorms. Hot. Highs in the mid 90s. Lows in the lower 70s.
Chance of rain 40 percent.
.TUESDAY...Mostly sunny with scattered showers. Scattered
thunderstorms in the afternoon. Hot with highs around 90. Chance of
rain 50 percent.
.TUESDAY NIGHT...Scattered thunderstorms in the evening. Mostly
cloudy with scattered showers. Lows in the upper 60s. Chance of rain
50 percent.
.WEDNESDAY AND WEDNESDAY NIGHT...Mostly cloudy. Scattered showers
and thunderstorms. Highs in the lower 80s. Lows in the mid 60s.
Chance of rain 30 percent.
.THURSDAY...Mostly sunny. Hot with highs in the mid 80s.
$$
NYZ041-052000-
Northern Saratoga-
Including the city of Saratoga Springs
446 AM EDT Fri Aug 5 2022
.TODAY...Mostly cloudy. Patchy fog this morning. A slight chance of
showers and thunderstorms this morning, then showers likely with a
chance of thunderstorms this afternoon. Hot with highs in the upper
80s. Light and variable winds, becoming southwest around 5 mph this
afternoon. Chance of rain 60 percent.
.TONIGHT...Mostly cloudy. A chance of showers and thunderstorms in
the evening. Humid with lows in the upper 60s. North winds around
5 mph in the evening, becoming light and variable. Chance of rain
50 percent.
.SATURDAY...Partly sunny with a chance of showers. A chance of
thunderstorms in the afternoon. Hot with highs in the upper 80s.
Light and variable winds, becoming south around 5 mph in the
afternoon. Chance of rain 40 percent.
.SATURDAY NIGHT...Partly cloudy. A chance of showers and
thunderstorms in the evening. Humid with lows in the lower 70s.
South winds around 5 mph. Chance of rain 40 percent.
.SUNDAY...Sunny. A chance of showers and thunderstorms in the
afternoon. Hot with highs in the lower 90s. Southwest winds around
5 mph. Chance of rain 30 percent.
.SUNDAY NIGHT...A chance of showers in the evening. Partly cloudy.
Lows in the lower 70s. Chance of rain 30 percent.
.MONDAY AND MONDAY NIGHT...Mostly cloudy. Scattered showers and
thunderstorms. Hot. Highs in the lower 90s. Lows in the upper 60s.
Chance of rain 50 percent.
.TUESDAY AND TUESDAY NIGHT...Mostly cloudy. Showers likely with
scattered thunderstorms. Highs in the mid 80s. Lows in the mid 60s.
Chance of rain 60 percent.
.WEDNESDAY THROUGH THURSDAY...Partly cloudy. Highs in the lower 80s.
Lows in the lower 60s.
$$
NYZ038-052000-
Southern Herkimer-
Including the cities of Ilion, Herkimer, Little Falls, Mohawk,
Frankfort, and Doldgeville
446 AM EDT Fri Aug 5 2022
.TODAY...Mostly cloudy this morning, then becoming partly sunny.
Patchy fog this morning. A chance of thunderstorms. A chance of
showers this morning, then showers likely this afternoon. Hot with
highs in the upper 80s. Light and variable winds, becoming west
around 5 mph this afternoon. Chance of rain 60 percent.
.TONIGHT...Mostly cloudy. A chance of showers and thunderstorms in
the evening. Humid with lows in the upper 60s. Light and variable
winds. Chance of rain 50 percent.
.SATURDAY...Partly sunny with a chance of showers. A chance of
thunderstorms in the afternoon. Hot with highs around 90. Light and
variable winds, becoming southwest around 5 mph in the afternoon.
Chance of rain 40 percent.
.SATURDAY NIGHT...Partly cloudy with a chance of showers and
thunderstorms in the evening, then mostly clear after midnight.
Humid with lows around 70. Southwest winds around 5 mph. Chance of
rain 40 percent.
.SUNDAY...Mostly sunny. A chance of showers and thunderstorms in the
afternoon. Hot with highs in the lower 90s. Southwest winds around
5 mph. Chance of rain 40 percent.
.SUNDAY NIGHT...Partly cloudy in the evening, then becoming mostly
cloudy. A chance of thunderstorms in the evening. A chance of
showers. Lows around 70. Chance of rain 40 percent.
.MONDAY AND MONDAY NIGHT...Mostly cloudy. Showers likely with
scattered thunderstorms. Hot. Highs around 90. Lows in the upper
60s. Chance of rain 60 percent.
.TUESDAY AND TUESDAY NIGHT...Mostly cloudy. Showers likely with
scattered thunderstorms. Highs in the lower 80s. Lows in the lower
60s. Chance of rain 60 percent.
.WEDNESDAY AND WEDNESDAY NIGHT...Partly cloudy. Highs in the lower
80s. Lows around 60.
.THURSDAY...Sunny. Highs in the lower 80s.
$$
NYZ032-052000-
Northern Herkimer-
Including the cities of Atwell, Big Moose, Eagle Bay, Mckeever,
Nobleboro, Northwood, and Old Forge
446 AM EDT Fri Aug 5 2022
.TODAY...Patchy fog this morning. Mostly cloudy with a chance of
thunderstorms. Showers likely, mainly this morning. Highs in the
upper 70s. Light and variable winds. Chance of rain 60 percent.
.TONIGHT...Mostly cloudy. A chance of showers and thunderstorms in
the evening. Humid with lows in the lower 60s. Light and variable
winds. Chance of rain 40 percent.
.SATURDAY...Mostly sunny. A chance of showers and thunderstorms in
the afternoon. Humid with highs in the lower 80s. Light and variable
winds, becoming southwest around 5 mph in the afternoon. Chance of
rain 30 percent.
.SATURDAY NIGHT...Partly cloudy. A chance of showers and
thunderstorms in the evening. Humid with lows in the mid 60s. Light
and variable winds. Chance of rain 30 percent.
.SUNDAY...Mostly sunny. A chance of showers in the afternoon. Humid
with highs in the lower 80s. Southwest winds around 5 mph. Chance of
rain 40 percent.
.SUNDAY NIGHT...Partly cloudy in the evening, then becoming mostly
cloudy. A chance of thunderstorms in the evening. A chance of
showers. Lows in the mid 60s. Chance of rain 40 percent.
.MONDAY AND MONDAY NIGHT...Mostly cloudy. Showers likely with
scattered thunderstorms. Highs in the lower 80s. Lows around 60.
Chance of rain 70 percent.
.TUESDAY AND TUESDAY NIGHT...Mostly cloudy with scattered showers
and thunderstorms. Highs in the lower 70s. Lows in the mid 50s.
Chance of rain 50 percent.
.WEDNESDAY THROUGH THURSDAY...Partly cloudy. Highs in the mid 70s.
Lows in the mid 50s.
$$
NYZ042-052000-
Northern Warren-
Including the cities of North Creek, Warrensburg, and Chestertown
446 AM EDT Fri Aug 5 2022
.TODAY...Patchy fog this morning. Showers likely with a chance of
thunderstorms. Hot with highs in the mid 80s. Light and variable
winds. Chance of rain 60 percent.
.TONIGHT...Mostly cloudy. A chance of showers and thunderstorms in
the evening. Humid with lows in the mid 60s. Northeast winds around
5 mph in the evening, becoming light and variable. Chance of rain
50 percent.
.SATURDAY...Mostly sunny with a chance of showers. A chance of
thunderstorms in the afternoon. Hot with highs in the upper 80s.
South winds around 5 mph. Chance of rain 30 percent.
.SATURDAY NIGHT...Partly cloudy with a chance of showers and
thunderstorms in the evening, then mostly clear after midnight.
Humid with lows in the mid 60s. Southwest winds around 5 mph in the
evening, becoming light and variable. Chance of rain 30 percent.
.SUNDAY...Mostly sunny. A chance of showers and thunderstorms in the
afternoon. Hot with highs around 90. Southwest winds around 5 mph.
Chance of rain 30 percent.
.SUNDAY NIGHT...Partly cloudy with a chance of showers. Lows in the
mid 60s. Chance of rain 30 percent.
.MONDAY AND MONDAY NIGHT...Mostly cloudy. Showers likely with
scattered thunderstorms. Hot. Highs in the upper 80s. Lows in the
lower 60s. Chance of rain 60 percent.
.TUESDAY AND TUESDAY NIGHT...Mostly cloudy. Scattered showers and
thunderstorms. Highs in the upper 70s. Lows in the upper 50s. Chance
of rain 50 percent.
.WEDNESDAY THROUGH THURSDAY...Partly cloudy. Highs around 80. Lows
in the upper 50s.
$$
NYZ083-052000-
Southeast Warren-
Including the city of Glens Falls
446 AM EDT Fri Aug 5 2022
.TODAY...Patchy fog this morning. Mostly cloudy with a chance of
thunderstorms. A chance of showers this morning, then showers likely
this afternoon. Hot with highs in the upper 80s. Light and variable
winds, becoming southeast around 5 mph this afternoon. Chance of
rain 60 percent.
.TONIGHT...Mostly cloudy. A chance of showers and thunderstorms in
the evening. Humid with lows in the upper 60s. Light and variable
winds. Chance of rain 50 percent.
.SATURDAY...Mostly sunny with a chance of showers. A chance of
thunderstorms in the afternoon. Hot with highs in the upper 80s.
South winds around 5 mph. Chance of rain 40 percent.
.SATURDAY NIGHT...Partly cloudy. A chance of showers and
thunderstorms in the evening. Humid with lows around 70. South winds
around 5 mph in the evening, becoming light and variable. Chance of
rain 40 percent.
.SUNDAY...Mostly sunny. A chance of showers and thunderstorms in the
afternoon. Hot with highs in the lower 90s. Southwest winds 5 to
10 mph. Chance of rain 30 percent.
.SUNDAY NIGHT...A chance of showers in the evening. Partly cloudy.
Lows around 70. Chance of rain 30 percent.
.MONDAY AND MONDAY NIGHT...Mostly cloudy. Scattered showers and
thunderstorms. Hot. Highs around 90. Lows in the mid 60s. Chance of
rain 50 percent.
.TUESDAY AND TUESDAY NIGHT...Mostly cloudy. Scattered showers and
thunderstorms. Highs in the lower 80s. Lows in the lower 60s. Chance
of rain 50 percent.
.WEDNESDAY THROUGH THURSDAY...Partly cloudy. Highs in the lower 80s.
Lows in the lower 60s.
$$
NYZ043-052000-
Northern Washington-
Including the cities of Whitehall and Granville
446 AM EDT Fri Aug 5 2022
.TODAY...Mostly cloudy with a chance of thunderstorms. A chance of
showers this morning, then showers likely this afternoon. Hot with
highs in the mid 80s. South winds around 5 mph. Chance of rain
60 percent.
.TONIGHT...Mostly cloudy. A chance of showers and thunderstorms in
the evening. Humid with lows in the upper 60s. North winds around
5 mph in the evening, becoming light and variable. Chance of rain
50 percent.
.SATURDAY...Mostly sunny with a chance of showers. A chance of
thunderstorms in the afternoon. Hot with highs in the upper 80s.
South winds around 5 mph. Chance of rain 40 percent.
.SATURDAY NIGHT...Partly cloudy. A chance of showers and
thunderstorms in the evening. Humid with lows around 70. South winds
around 5 mph. Chance of rain 40 percent.
.SUNDAY...Mostly sunny. A chance of showers and thunderstorms in the
afternoon. Hot with highs in the lower 90s. Southwest winds 5 to
10 mph. Chance of rain 30 percent.
.SUNDAY NIGHT...Partly cloudy with a chance of showers. Lows in the
upper 60s. Chance of rain 30 percent.
.MONDAY AND MONDAY NIGHT...Mostly cloudy. Showers likely with
scattered thunderstorms. Hot. Highs in the upper 80s. Lows in the
mid 60s. Chance of rain 60 percent.
.TUESDAY AND TUESDAY NIGHT...Mostly cloudy. Scattered showers and
thunderstorms. Highs around 80. Lows in the lower 60s. Chance of
rain 50 percent.
.WEDNESDAY THROUGH THURSDAY...Partly cloudy. Highs in the lower 80s.
Lows in the lower 60s.
$$
NYZ084-052000-
Southern Washington-
Including the cities of Hudson Falls, Fort Edward, Cambridge,
and Greenwich
446 AM EDT Fri Aug 5 2022
.TODAY...Mostly cloudy with a chance of thunderstorms. A chance of
showers this morning, then showers likely this afternoon. Hot with
highs in the upper 80s. Light and variable winds, becoming southwest
around 5 mph this afternoon. Chance of rain 60 percent.
.TONIGHT...Mostly cloudy with a chance of showers and thunderstorms.
Humid with lows in the upper 60s. Light and variable winds. Chance
of rain 50 percent.
.SATURDAY...Partly sunny with a chance of showers. A chance of
thunderstorms in the afternoon. Hot with highs in the upper 80s.
Southwest winds around 5 mph. Chance of rain 40 percent.
.SATURDAY NIGHT...Partly cloudy. A chance of showers and
thunderstorms in the evening. Humid with lows in the lower 70s.
South winds around 5 mph. Chance of rain 40 percent.
.SUNDAY...Mostly sunny. A chance of showers and thunderstorms in the
afternoon. Hot with highs in the lower 90s. Southwest winds around
5 mph. Chance of rain 30 percent.
.SUNDAY NIGHT...Partly cloudy in the evening, then becoming mostly
cloudy. A chance of showers in the evening. Lows in the lower 70s.
Chance of rain 30 percent.
.MONDAY AND MONDAY NIGHT...Mostly cloudy. Scattered showers and
thunderstorms. Hot. Highs around 90. Lows in the upper 60s. Chance
of rain 50 percent.
.TUESDAY AND TUESDAY NIGHT...Mostly cloudy. Scattered showers and
thunderstorms. Highs in the lower 80s. Lows in the mid 60s. Chance
of rain 50 percent.
.WEDNESDAY AND WEDNESDAY NIGHT...Mostly cloudy. Highs around 80.
Lows in the lower 60s.
.THURSDAY...Mostly sunny. Highs in the mid 80s.
$$
NYZ082-052000-
Northern Fulton-
Including the cities of Caroga Lake, Northville, and Mayfield
446 AM EDT Fri Aug 5 2022
.TODAY...Mostly cloudy this morning, then becoming partly sunny. A
chance of thunderstorms. A chance of showers this morning, then
showers likely this afternoon. Highs in the lower 80s. West winds
around 5 mph. Chance of rain 60 percent.
.TONIGHT...Mostly cloudy. A chance of showers and thunderstorms in
the evening. Humid with lows in the mid 60s. Northwest winds around
5 mph in the evening, becoming light and variable. Chance of rain
50 percent.
.SATURDAY...Partly sunny with a chance of showers. A chance of
thunderstorms in the afternoon. Humid with highs in the lower 80s.
South winds around 5 mph, becoming southwest around 5 mph in the
afternoon. Chance of rain 40 percent.
.SATURDAY NIGHT...Partly cloudy. A chance of showers and
thunderstorms in the evening. Humid with lows in the mid 60s.
Southwest winds around 5 mph. Chance of rain 40 percent.
.SUNDAY...Mostly sunny. A chance of showers and thunderstorms in the
afternoon. Humid with highs in the mid 80s. Southwest winds 5 to
10 mph. Chance of rain 40 percent.
.SUNDAY NIGHT...Partly cloudy in the evening, then becoming mostly
cloudy. A chance of thunderstorms in the evening. A chance of
showers. Lows in the upper 60s. Chance of rain 40 percent.
.MONDAY AND MONDAY NIGHT...Mostly cloudy. Showers likely with
scattered thunderstorms. Highs in the lower 80s. Lows in the mid
60s. Chance of rain 60 percent.
.TUESDAY AND TUESDAY NIGHT...Mostly cloudy. Showers likely with
scattered thunderstorms. Highs in the mid 70s. Lows in the upper
50s. Chance of rain 60 percent.
.WEDNESDAY AND WEDNESDAY NIGHT...Partly cloudy. Highs in the lower
70s. Lows in the upper 50s.
.THURSDAY...Sunny. Highs in the mid 70s.
$$
NYZ039-052000-
Southern Fulton-
Including the cities of Gloversville and Johnstown
446 AM EDT Fri Aug 5 2022
.TODAY...Mostly cloudy this morning, then becoming partly sunny. A
chance of thunderstorms. A chance of showers this morning, then
showers likely this afternoon. Hot with highs in the mid 80s. West
winds around 5 mph. Chance of rain 60 percent.
.TONIGHT...Mostly cloudy. A chance of showers and thunderstorms in
the evening. Humid with lows in the mid 60s. West winds around 5 mph
in the evening, becoming light and variable. Chance of rain
50 percent.
.SATURDAY...Partly sunny with a chance of showers. A chance of
thunderstorms in the afternoon. Hot with highs in the upper 80s.
Southeast winds around 5 mph, becoming southwest around 5 mph in the
afternoon. Chance of rain 40 percent.
.SATURDAY NIGHT...Partly cloudy with a chance of showers and
thunderstorms in the evening, then mostly clear after midnight.
Humid with lows in the upper 60s. Southwest winds around 5 mph.
Chance of rain 40 percent.
.SUNDAY...Sunny. A chance of showers and thunderstorms in the
afternoon. Hot with highs in the upper 80s. West winds 5 to 10 mph.
Chance of rain 40 percent.
.SUNDAY NIGHT...Partly cloudy. A chance of showers and thunderstorms
in the evening. Lows in the upper 60s. Chance of rain 40 percent.
.MONDAY AND MONDAY NIGHT...Mostly cloudy. Showers likely with
scattered thunderstorms. Hot. Highs in the upper 80s. Lows in the
mid 60s. Chance of rain 60 percent.
.TUESDAY AND TUESDAY NIGHT...Mostly cloudy. Showers likely with
scattered thunderstorms. Highs in the lower 80s. Lows in the lower
60s. Chance of rain 60 percent.
.WEDNESDAY AND WEDNESDAY NIGHT...Partly cloudy. Highs in the upper
70s. Lows in the upper 50s.
.THURSDAY...Sunny. Highs in the lower 80s.
$$
NYZ040-052000-
Montgomery-
Including the cities of Amsterdam, Wellsville, and Fonda
446 AM EDT Fri Aug 5 2022
.TODAY...Mostly cloudy this morning, then becoming partly sunny.
Patchy fog this morning. A chance of thunderstorms. A chance of
showers this morning, then showers likely this afternoon. Hot with
highs in the upper 80s. West winds around 5 mph. Chance of rain
60 percent.
.TONIGHT...Mostly cloudy. A chance of showers and thunderstorms in
the evening. Humid with lows in the mid 60s. West winds around 5 mph
in the evening, becoming light and variable. Chance of rain
50 percent.
.SATURDAY...Partly sunny with a chance of showers. A chance of
thunderstorms in the afternoon. Hot with highs in the upper 80s.
Light and variable winds, becoming southwest around 5 mph in the
afternoon. Chance of rain 40 percent.
.SATURDAY NIGHT...Partly cloudy with a chance of showers and
thunderstorms in the evening, then mostly clear after midnight.
Humid with lows in the upper 60s. Southwest winds around 5 mph in
the evening, becoming light and variable. Chance of rain 40 percent.
.SUNDAY...Sunny. A chance of showers and thunderstorms in the
afternoon. Hot with highs in the lower 90s. West winds 5 to 10 mph.
Chance of rain 40 percent.
.SUNDAY NIGHT...Partly cloudy. A chance of showers and thunderstorms
in the evening. Lows in the upper 60s. Chance of rain 40 percent.
.MONDAY AND MONDAY NIGHT...Mostly cloudy. Scattered showers and
thunderstorms. Hot. Highs around 90. Lows in the mid 60s. Chance of
rain 50 percent.
.TUESDAY AND TUESDAY NIGHT...Mostly cloudy. Showers likely with
scattered thunderstorms. Highs in the lower 80s. Lows in the lower
60s. Chance of rain 60 percent.
.WEDNESDAY AND WEDNESDAY NIGHT...Partly cloudy. Highs in the upper
70s. Lows in the upper 50s.
.THURSDAY...Sunny. Highs in the lower 80s.
$$
NYZ047-052000-
Schoharie-
Including the cities of Cobleskill and Middleburgh
446 AM EDT Fri Aug 5 2022
.TODAY...Mostly cloudy this morning, then becoming partly sunny.
Patchy fog this morning. A chance of thunderstorms. A chance of
showers this morning, then showers likely this afternoon. Hot with
highs in the mid 80s. Light and variable winds, becoming west around
5 mph this afternoon. Chance of rain 60 percent.
.TONIGHT...Mostly cloudy with a chance of showers and thunderstorms.
Humid with lows in the upper 60s. Light and variable winds. Chance
of rain 50 percent.
.SATURDAY...Partly sunny with a chance of showers. A chance of
thunderstorms in the afternoon. Hot with highs in the upper 80s.
Southwest winds around 5 mph. Chance of rain 40 percent.
.SATURDAY NIGHT...Partly cloudy with a chance of showers and
thunderstorms in the evening, then mostly clear after midnight.
Humid with lows around 70. Southwest winds around 5 mph. Chance of
rain 40 percent.
.SUNDAY...Sunny. A chance of showers and thunderstorms in the
afternoon. Hot with highs in the upper 80s. Southwest winds around
5 mph. Chance of rain 30 percent.
.SUNDAY NIGHT...Partly cloudy. A chance of showers and thunderstorms
in the evening. Lows around 70. Chance of rain 30 percent.
.MONDAY...Mostly sunny with scattered showers. Scattered
thunderstorms in the afternoon. Hot with highs in the upper 80s.
Chance of rain 50 percent.
.MONDAY NIGHT...Scattered thunderstorms in the evening. Mostly
cloudy with scattered showers. Lows in the upper 60s. Chance of rain
50 percent.
.TUESDAY AND TUESDAY NIGHT...Mostly cloudy. Showers likely with
scattered thunderstorms. Highs in the lower 80s. Lows in the lower
60s. Chance of rain 60 percent.
.WEDNESDAY AND WEDNESDAY NIGHT...Partly cloudy. Highs in the upper
70s. Lows around 60.
.THURSDAY...Sunny. Highs in the lower 80s.
$$
NYZ048-052000-
Western Schenectady-
Including the cities of Delanson, Esperance, and Duanesburg
446 AM EDT Fri Aug 5 2022
.TODAY...Mostly cloudy this morning, then becoming partly sunny. A
chance of thunderstorms. A chance of showers this morning, then
showers likely this afternoon. Hot with highs in the upper 80s. West
winds around 5 mph. Chance of rain 60 percent.
.TONIGHT...Mostly cloudy with a chance of showers and thunderstorms.
Humid with lows in the upper 60s. West winds around 5 mph in the
evening, becoming light and variable. Chance of rain 50 percent.
.SATURDAY...Partly sunny. A chance of showers in the morning, then a
chance of showers and thunderstorms in the afternoon. Hot with highs
in the upper 80s. South winds around 5 mph. Chance of rain
40 percent.
.SATURDAY NIGHT...Partly cloudy with a chance of showers and
thunderstorms in the evening, then mostly clear after midnight.
Humid with lows around 70. Southwest winds around 5 mph. Chance of
rain 40 percent.
.SUNDAY...Sunny. A chance of showers and thunderstorms in the
afternoon. Hot with highs around 90. Southwest winds around 5 mph.
Chance of rain 30 percent.
.SUNDAY NIGHT...Partly cloudy. A chance of showers and thunderstorms
in the evening. Lows around 70. Chance of rain 30 percent.
.MONDAY...Mostly sunny with scattered showers. Scattered
thunderstorms in the afternoon. Hot with highs in the upper 80s.
Chance of rain 50 percent.
.MONDAY NIGHT...Scattered thunderstorms in the evening. Mostly
cloudy with scattered showers. Lows in the upper 60s. Chance of rain
50 percent.
.TUESDAY AND TUESDAY NIGHT...Mostly cloudy. Showers likely with
scattered thunderstorms. Highs in the lower 80s. Lows in the lower
60s. Chance of rain 60 percent.
.WEDNESDAY...Partly sunny. Highs in the upper 70s.
.WEDNESDAY NIGHT...Partly cloudy. Lows in the lower 60s.
.THURSDAY...Sunny. Highs around 80.
$$
NYZ049-052000-
Eastern Schenectady-
Including the cities of Schenectady and Rotterdam
446 AM EDT Fri Aug 5 2022
...HEAT ADVISORY IN EFFECT FROM NOON TODAY TO 8 PM EDT THIS
EVENING...
.TODAY...Patchy fog this morning. Mostly cloudy with a slight chance
of showers and thunderstorms this morning, then partly sunny with
showers likely with a chance of thunderstorms this afternoon. Hot
with highs in the lower 90s. Light and variable winds, becoming west
around 5 mph this afternoon. Chance of rain 60 percent.
.TONIGHT...Mostly cloudy with a chance of showers and thunderstorms.
Humid with lows around 70. Northwest winds around 5 mph in the
evening, becoming light and variable. Chance of rain 50 percent.
.SATURDAY...Partly sunny. A chance of showers in the morning, then a
chance of showers and thunderstorms in the afternoon. Hot with highs
around 90. South winds around 5 mph. Chance of rain 40 percent.
.SATURDAY NIGHT...Partly cloudy with a chance of showers and
thunderstorms in the evening, then mostly clear after midnight.
Humid with lows in the lower 70s. South winds around 5 mph. Chance
of rain 40 percent.
.SUNDAY...Sunny. A chance of showers and thunderstorms in the
afternoon. Hot with highs in the mid 90s. Southwest winds 5 to
10 mph. Chance of rain 30 percent.
.SUNDAY NIGHT...Partly cloudy. A chance of showers and thunderstorms
in the evening. Lows in the lower 70s. Chance of rain 30 percent.
.MONDAY AND MONDAY NIGHT...Mostly cloudy. Scattered showers and
thunderstorms. Hot. Highs in the lower 90s. Lows around 70. Chance
of rain 50 percent.
.TUESDAY AND TUESDAY NIGHT...Mostly cloudy. Showers likely with
scattered thunderstorms. Hot. Highs in the mid 80s. Lows in the mid
60s. Chance of rain 60 percent.
.WEDNESDAY...Partly sunny. Highs in the lower 80s.
.WEDNESDAY NIGHT AND THURSDAY...Partly cloudy. Hot. Lows in the mid
60s. Highs in the mid 80s.
$$
NYZ050-052000-
Southern Saratoga-
Including the cities of Ballston Spa, Clifton Park, Mechanicville,
and Waterford
446 AM EDT Fri Aug 5 2022
...HEAT ADVISORY IN EFFECT FROM NOON TODAY TO 8 PM EDT THIS
EVENING...
.TODAY...Mostly cloudy with a slight chance of showers and
thunderstorms this morning, then partly sunny with showers likely
with a chance of thunderstorms this afternoon. Hot with highs around
90. West winds around 5 mph. Chance of rain 60 percent.
.TONIGHT...Mostly cloudy with a chance of showers and thunderstorms.
Humid with lows around 70. Northwest winds around 5 mph in the
evening, becoming light and variable. Chance of rain 50 percent.
.SATURDAY...Partly sunny with a chance of showers. A chance of
thunderstorms in the afternoon. Hot with highs in the upper 80s.
South winds around 5 mph. Chance of rain 40 percent.
.SATURDAY NIGHT...Partly cloudy. A chance of showers and
thunderstorms in the evening. Humid with lows in the lower 70s.
South winds around 5 mph. Chance of rain 40 percent.
.SUNDAY...Sunny. A chance of showers and thunderstorms in the
afternoon. Hot with highs in the lower 90s. Southwest winds 5 to
10 mph. Chance of rain 30 percent.
.SUNDAY NIGHT...Partly cloudy. A chance of showers and thunderstorms
in the evening. Lows in the lower 70s. Chance of rain 30 percent.
.MONDAY AND MONDAY NIGHT...Mostly cloudy. Scattered showers and
thunderstorms. Hot. Highs in the lower 90s. Lows in the upper 60s.
Chance of rain 50 percent.
.TUESDAY AND TUESDAY NIGHT...Mostly cloudy. Showers likely with
scattered thunderstorms. Hot. Highs in the mid 80s. Lows in the mid
60s. Chance of rain 60 percent.
.WEDNESDAY AND WEDNESDAY NIGHT...Mostly cloudy. Highs in the lower
80s. Lows in the lower 60s.
.THURSDAY...Mostly sunny. Hot with highs in the mid 80s.
$$
NYZ051-052000-
Western Albany-
Including the cities of Altamont and Berne
446 AM EDT Fri Aug 5 2022
.TODAY...Mostly cloudy this morning, then becoming partly sunny.
Patchy fog this morning. A chance of thunderstorms. A chance of
showers this morning, then showers likely this afternoon. Hot with
highs in the mid 80s. West winds around 5 mph. Chance of rain
60 percent.
.TONIGHT...Mostly cloudy with a chance of showers and thunderstorms.
Humid with lows in the mid 60s. West winds around 5 mph in the
evening, becoming light and variable. Chance of rain 50 percent.
.SATURDAY...Partly sunny with a chance of showers. A chance of
thunderstorms in the afternoon. Hot with highs in the mid 80s. South
winds around 5 mph. Chance of rain 40 percent.
.SATURDAY NIGHT...Partly cloudy with a chance of showers and
thunderstorms in the evening, then mostly clear after midnight.
Humid with lows in the upper 60s. Southwest winds around 5 mph.
Chance of rain 40 percent.
.SUNDAY...Sunny. A chance of showers and thunderstorms in the
afternoon. Hot with highs in the upper 80s. Southwest winds around
5 mph. Chance of rain 30 percent.
.SUNDAY NIGHT...Partly cloudy. A chance of showers and thunderstorms
in the evening. Lows in the upper 60s. Chance of rain 30 percent.
.MONDAY...Mostly sunny with scattered showers. Scattered
thunderstorms in the afternoon. Hot with highs in the upper 80s.
Chance of rain 50 percent.
.MONDAY NIGHT...Scattered thunderstorms in the evening. Mostly
cloudy with scattered showers. Lows in the mid 60s. Chance of rain
50 percent.
.TUESDAY AND TUESDAY NIGHT...Mostly cloudy. Showers likely with
scattered thunderstorms. Highs in the lower 80s. Lows in the upper
50s. Chance of rain 60 percent.
.WEDNESDAY...Partly sunny. Highs in the mid 70s.
.WEDNESDAY NIGHT AND THURSDAY...Partly cloudy. Lows in the upper
50s. Highs in the upper 70s.
$$
NYZ053-052000-
Western Rensselaer-
Including the city of Troy
446 AM EDT Fri Aug 5 2022
...HEAT ADVISORY IN EFFECT FROM NOON TODAY TO 8 PM EDT THIS
EVENING...
.TODAY...Mostly cloudy. A slight chance of showers and thunderstorms
this morning, then showers likely with a chance of thunderstorms
this afternoon. Hot with highs around 90. Light and variable winds,
becoming west around 5 mph this afternoon. Chance of rain
60 percent.
.TONIGHT...Mostly cloudy with a chance of showers and thunderstorms.
Humid with lows around 70. South winds around 5 mph. Chance of rain
50 percent.
.SATURDAY...Partly sunny with a chance of showers. A chance of
thunderstorms in the afternoon. Hot with highs in the upper 80s.
South winds around 5 mph. Chance of rain 40 percent.
.SATURDAY NIGHT...Partly cloudy. A chance of showers and
thunderstorms in the evening. Humid with lows in the lower 70s.
South winds around 5 mph. Chance of rain 40 percent.
.SUNDAY...Sunny. A chance of showers and thunderstorms in the
afternoon. Hot with highs in the lower 90s. Southwest winds 5 to
10 mph. Chance of rain 30 percent.
.SUNDAY NIGHT...Partly cloudy. A chance of showers and thunderstorms
in the evening. Lows in the lower 70s. Chance of rain 30 percent.
.MONDAY...Mostly sunny with scattered showers. Scattered
thunderstorms in the afternoon. Hot with highs in the lower 90s.
Chance of rain 50 percent.
.MONDAY NIGHT...Scattered thunderstorms in the evening. Mostly
cloudy with scattered showers. Lows in the upper 60s. Chance of rain
50 percent.
.TUESDAY AND TUESDAY NIGHT...Mostly cloudy. Showers likely with
scattered thunderstorms. Hot. Highs in the mid 80s. Lows in the mid
60s. Chance of rain 60 percent.
.WEDNESDAY...Partly sunny. Scattered showers in the afternoon. Highs
around 80. Chance of rain 30 percent.
.WEDNESDAY NIGHT...Mostly cloudy with scattered showers in the
evening, then partly cloudy after midnight. Lows in the lower 60s.
Chance of rain 30 percent.
.THURSDAY...Mostly sunny. Highs in the mid 80s.
$$
NYZ054-052000-
Eastern Rensselaer-
Including the cities of Grafton and Hoosick Falls
446 AM EDT Fri Aug 5 2022
.TODAY...Mostly cloudy. A slight chance of showers and thunderstorms
this morning, then showers likely with a chance of thunderstorms
this afternoon. Hot with highs in the mid 80s. West winds around
5 mph. Chance of rain 60 percent.
.TONIGHT...Mostly cloudy with a chance of showers and thunderstorms.
Humid with lows in the mid 60s. South winds around 5 mph. Chance of
rain 50 percent.
.SATURDAY...Partly sunny. A chance of showers in the morning, then a
chance of showers and thunderstorms in the afternoon. Humid with
highs in the mid 80s. South winds 5 to 10 mph. Chance of rain
50 percent.
.SATURDAY NIGHT...Partly cloudy. A chance of showers and
thunderstorms in the evening. Humid with lows in the upper 60s.
South winds 5 to 10 mph. Chance of rain 50 percent.
.SUNDAY...Sunny. A chance of showers and thunderstorms in the
afternoon. Hot with highs in the upper 80s. Southwest winds 5 to
10 mph. Chance of rain 30 percent.
.SUNDAY NIGHT...Partly cloudy. A chance of showers and thunderstorms
in the evening. Lows in the upper 60s. Chance of rain 30 percent.
.MONDAY AND MONDAY NIGHT...Mostly cloudy. Scattered showers and
thunderstorms. Hot. Highs in the upper 80s. Lows in the mid 60s.
Chance of rain 50 percent.
.TUESDAY AND TUESDAY NIGHT...Mostly cloudy. Showers likely with
scattered thunderstorms. Highs around 80. Lows in the lower 60s.
Chance of rain 60 percent.
.WEDNESDAY...Partly sunny. Scattered showers in the afternoon. Highs
in the mid 70s. Chance of rain 30 percent.
.WEDNESDAY NIGHT...Mostly cloudy with scattered showers in the
evening, then partly cloudy after midnight. Lows in the upper 50s.
Chance of rain 30 percent.
.THURSDAY...Mostly sunny. Highs around 80.
$$
NYZ060-052000-
Western Columbia-
Including the city of Hudson
446 AM EDT Fri Aug 5 2022
...HEAT ADVISORY IN EFFECT FROM NOON TODAY TO 8 PM EDT THIS
EVENING...
.TODAY...Patchy fog this morning. Partly sunny with a slight chance
of showers and thunderstorms this morning, then mostly cloudy with
showers likely with a chance of thunderstorms this afternoon. Hot
with highs in the lower 90s. Light and variable winds. Chance of
rain 60 percent.
.TONIGHT...Mostly cloudy with a chance of showers and thunderstorms.
Humid with lows in the upper 60s. Light and variable winds. Chance
of rain 50 percent.
.SATURDAY...Partly sunny with a chance of showers. A chance of
thunderstorms in the afternoon. Hot with highs in the upper 80s.
South winds around 5 mph. Chance of rain 50 percent.
.SATURDAY NIGHT...Partly cloudy. A chance of showers and
thunderstorms in the evening. Humid with lows around 70. South winds
around 5 mph. Chance of rain 50 percent.
.SUNDAY...Sunny. A chance of showers and thunderstorms in the
afternoon. Hot with highs in the lower 90s. Southwest winds around
5 mph. Chance of rain 40 percent.
.SUNDAY NIGHT THROUGH MONDAY NIGHT...Partly cloudy with scattered
showers and thunderstorms. Hot. Lows around 70. Highs in the lower
90s. Chance of rain 40 percent.
.TUESDAY AND TUESDAY NIGHT...Mostly cloudy. Showers likely with
scattered thunderstorms. Hot. Highs in the upper 80s. Lows in the
mid 60s. Chance of rain 60 percent.
.WEDNESDAY AND WEDNESDAY NIGHT...Mostly cloudy. Scattered showers.
Highs in the lower 80s. Lows in the lower 60s. Chance of rain
30 percent.
.THURSDAY...Mostly sunny. Hot with highs in the mid 80s.
$$
NYZ061-052000-
Eastern Columbia-
Including the city of Chatham
446 AM EDT Fri Aug 5 2022
.TODAY...Patchy fog this morning. Partly sunny with a slight chance
of showers and thunderstorms this morning, then mostly cloudy with
showers likely with a chance of thunderstorms this afternoon. Hot
with highs in the upper 80s. Light and variable winds, becoming west
around 5 mph this afternoon. Chance of rain 60 percent.
.TONIGHT...Mostly cloudy with a chance of showers and thunderstorms.
Humid with lows in the upper 60s. Light and variable winds. Chance
of rain 50 percent.
.SATURDAY...Partly sunny with a chance of showers. A chance of
thunderstorms in the afternoon. Hot with highs in the upper 80s.
South winds around 5 mph. Chance of rain 50 percent.
.SATURDAY NIGHT...Partly cloudy. A chance of showers and
thunderstorms in the evening. Humid with lows around 70. South winds
around 5 mph. Chance of rain 50 percent.
.SUNDAY...Mostly sunny. A chance of showers and thunderstorms in the
afternoon. Hot with highs in the lower 90s. Southwest winds around
5 mph. Chance of rain 30 percent.
.SUNDAY NIGHT...Partly cloudy. A chance of showers and thunderstorms
in the evening. Lows around 70. Chance of rain 30 percent.
.MONDAY...Mostly sunny with scattered showers. Scattered
thunderstorms in the afternoon. Hot with highs in the lower 90s.
Chance of rain 40 percent.
.MONDAY NIGHT...Mostly cloudy in the evening, then becoming partly
cloudy. Scattered thunderstorms in the evening. Scattered showers.
Lows in the upper 60s. Chance of rain 40 percent.
.TUESDAY AND TUESDAY NIGHT...Mostly cloudy. Showers likely with
scattered thunderstorms. Hot. Highs in the mid 80s. Lows in the
lower 60s. Chance of rain 60 percent.
.WEDNESDAY AND WEDNESDAY NIGHT...Mostly cloudy. Scattered showers.
Highs in the upper 70s. Lows in the lower 60s. Chance of rain
30 percent.
.THURSDAY...Mostly sunny. Highs in the lower 80s.
$$
NYZ059-052000-
Eastern Greene-
Including the cities of Catskill, Coxsackie, Athens, Cairo,
and Jefferson Heights
446 AM EDT Fri Aug 5 2022
...HEAT ADVISORY IN EFFECT FROM NOON TODAY TO 8 PM EDT THIS
EVENING...
.TODAY...Patchy fog this morning. Partly sunny with a slight chance
of showers and thunderstorms this morning, then mostly cloudy with
showers and thunderstorms likely this afternoon. Hot with highs in
the lower 90s. Light and variable winds. Chance of rain 60 percent.
.TONIGHT...Mostly cloudy. Showers and thunderstorms likely, mainly
in the evening. Humid with lows in the upper 60s. Light and variable
winds. Chance of rain 60 percent.
.SATURDAY...Partly sunny with a chance of showers. A chance of
thunderstorms in the afternoon. Hot with highs in the upper 80s.
South winds around 5 mph. Chance of rain 50 percent.
.SATURDAY NIGHT...Partly cloudy. A chance of showers and
thunderstorms in the evening. Humid with lows around 70. South winds
around 5 mph. Chance of rain 50 percent.
.SUNDAY...Sunny. A chance of showers and thunderstorms in the
afternoon. Hot with highs in the mid 90s. Southwest winds around
5 mph. Chance of rain 40 percent.
.SUNDAY NIGHT...Partly cloudy. A chance of showers and thunderstorms
in the evening. Lows in the lower 70s. Chance of rain 40 percent.
.MONDAY AND MONDAY NIGHT...Partly cloudy. Scattered showers and
thunderstorms. Hot. Highs in the lower 90s. Lows in the upper 60s.
Chance of rain 50 percent.
.TUESDAY AND TUESDAY NIGHT...Mostly cloudy. Showers likely with
scattered thunderstorms. Hot. Highs in the upper 80s. Lows in the
mid 60s. Chance of rain 60 percent.
.WEDNESDAY AND WEDNESDAY NIGHT...Mostly cloudy. Scattered showers.
Highs in the lower 80s. Lows in the lower 60s. Chance of rain
30 percent.
.THURSDAY...Mostly sunny. Hot with highs in the mid 80s.
$$
NYZ063-052000-
Western Ulster-
Including the cities of Ellenville, Woodstock, West Hurley,
Kerhonkson, Napanoch, and Phoenicia
446 AM EDT Fri Aug 5 2022
.TODAY...Partly sunny. A slight chance of showers and thunderstorms
this morning, then showers and thunderstorms likely this afternoon.
Hot with highs in the mid 80s. Light and variable winds, becoming
southwest around 5 mph this afternoon. Chance of rain 70 percent.
.TONIGHT...Mostly cloudy with a chance of thunderstorms. Showers
likely, mainly in the evening. Humid with lows in the mid 60s. Light
and variable winds. Chance of rain 60 percent.
.SATURDAY...Partly sunny with a chance of showers. A chance of
thunderstorms in the afternoon. Humid with highs in the lower 80s.
Southwest winds around 5 mph. Chance of rain 50 percent.
.SATURDAY NIGHT...A chance of thunderstorms in the evening. Partly
cloudy. Humid with lows in the mid 60s. Southwest winds around
5 mph. Chance of precipitation 50 percent.
.SUNDAY...Mostly sunny. A chance of showers and thunderstorms in the
afternoon. Hot with highs in the mid 80s. Southwest winds around
5 mph. Chance of rain 40 percent.
.SUNDAY NIGHT...Partly cloudy. A chance of showers and thunderstorms
in the evening. Lows in the upper 60s. Chance of rain 40 percent.
.MONDAY AND MONDAY NIGHT...Partly cloudy. Scattered showers and
thunderstorms. Hot. Highs in the mid 80s. Lows in the mid 60s.
Chance of rain 50 percent.
.TUESDAY AND TUESDAY NIGHT...Mostly cloudy. Showers likely with
scattered thunderstorms. Highs in the lower 80s. Lows in the lower
60s. Chance of rain 60 percent.
.WEDNESDAY...Partly sunny with scattered showers. Scattered
thunderstorms in the afternoon. Highs in the mid 70s. Chance of rain
30 percent.
.WEDNESDAY NIGHT...Mostly cloudy with scattered showers and
thunderstorms in the evening, then partly cloudy after midnight.
Lows in the upper 50s. Chance of rain 30 percent.
.THURSDAY...Mostly sunny. Highs in the upper 70s.
$$
NYZ064-052000-
Eastern Ulster-
Including the cities of Kingston and New Paltz
446 AM EDT Fri Aug 5 2022
...HEAT ADVISORY IN EFFECT FROM NOON TODAY TO 8 PM EDT THIS
EVENING...
.TODAY...Partly sunny. Patchy fog this morning. A slight chance of
showers and thunderstorms this morning, then showers and
thunderstorms likely this afternoon. Hot with highs in the lower
90s. Light and variable winds. Chance of rain 60 percent.
.TONIGHT...Mostly cloudy with a chance of thunderstorms. Showers
likely, mainly in the evening. Humid with lows in the upper 60s.
Light and variable winds. Chance of rain 60 percent.
.SATURDAY...Partly sunny with a chance of showers. A chance of
thunderstorms in the afternoon. Hot with highs in the upper 80s.
South winds around 5 mph. Chance of rain 50 percent.
.SATURDAY NIGHT...Mostly cloudy with a chance of showers and
thunderstorms in the evening, then partly cloudy after midnight.
Humid with lows in the lower 70s. Southwest winds around 5 mph in
the evening, becoming light and variable. Chance of rain 50 percent.
.SUNDAY...Mostly sunny. A chance of showers and thunderstorms in the
afternoon. Hot with highs in the lower 90s. Southwest winds around
5 mph. Chance of rain 40 percent.
.SUNDAY NIGHT THROUGH MONDAY NIGHT...Partly cloudy with scattered
showers and thunderstorms. Hot. Lows in the lower 70s. Highs in the
lower 90s. Chance of rain 40 percent.
.TUESDAY...Mostly sunny with scattered showers. Scattered
thunderstorms in the afternoon. Hot with highs in the upper 80s.
Chance of rain 50 percent.
.TUESDAY NIGHT...Scattered thunderstorms in the evening. Mostly
cloudy with scattered showers. Lows in the upper 60s. Chance of rain
50 percent.
.WEDNESDAY AND WEDNESDAY NIGHT...Mostly cloudy. Scattered showers
and thunderstorms. Highs in the lower 80s. Lows in the lower 60s.
Chance of rain 30 percent.
.THURSDAY...Mostly sunny. Hot with highs in the mid 80s.
$$
NYZ066-052000-
Eastern Dutchess-
Including the cities of Pawling, Dover Plains, Millbrook,
Pine Plains, Amenia, and Millerton
446 AM EDT Fri Aug 5 2022
...HEAT ADVISORY IN EFFECT FROM NOON TODAY TO 8 PM EDT THIS
EVENING...
.TODAY...Partly sunny with a slight chance of showers and
thunderstorms this morning, then mostly cloudy with showers likely
with a chance of thunderstorms this afternoon. Hot with highs around
90. West winds around 5 mph. Chance of rain 60 percent.
.TONIGHT...Mostly cloudy with a chance of thunderstorms. A chance of
showers. Humid with lows in the upper 60s. South winds around 5 mph
in the evening, becoming light and variable. Chance of rain
50 percent.
.SATURDAY...Partly sunny with a chance of showers. A chance of
thunderstorms in the afternoon. Hot with highs in the mid 80s.
Southwest winds 5 to 10 mph. Chance of rain 50 percent.
.SATURDAY NIGHT...Mostly cloudy with a chance of showers and
thunderstorms in the evening, then partly cloudy after midnight.
Humid with lows around 70. Southwest winds around 5 mph. Chance of
rain 50 percent.
.SUNDAY...Mostly sunny. A chance of showers and thunderstorms in the
afternoon. Hot with highs in the upper 80s. Southwest winds 5 to
10 mph. Chance of rain 30 percent.
.SUNDAY NIGHT...Partly cloudy. A chance of showers and thunderstorms
in the evening. Lows around 70. Chance of rain 30 percent.
.MONDAY AND MONDAY NIGHT...Partly cloudy. Scattered showers and
thunderstorms. Hot. Highs in the lower 90s. Lows in the upper 60s.
Chance of rain 40 percent.
.TUESDAY...Mostly sunny with scattered showers. Scattered
thunderstorms in the afternoon. Hot with highs in the mid 80s.
Chance of rain 50 percent.
.TUESDAY NIGHT...Scattered thunderstorms in the evening. Mostly
cloudy with scattered showers. Lows in the mid 60s. Chance of rain
50 percent.
.WEDNESDAY AND WEDNESDAY NIGHT...Mostly cloudy. Scattered showers
and thunderstorms. Highs in the upper 70s. Lows in the lower 60s.
Chance of rain 30 percent.
.THURSDAY...Mostly sunny. Highs in the lower 80s.
$$
_____
Copyright 2022 AccuWeather | https://www.expressnews.com/weather/article/NY-Albany-NY-Zone-Forecast-17353654.php | 2022-08-05T12:49:15Z | https://www.expressnews.com/weather/article/NY-Albany-NY-Zone-Forecast-17353654.php | true |
Warburg Pincus Investment Values MRL at $2.25 Billion
INDIANAPOLIS, Aug. 5, 2022 /PRNewswire/ -- Calumet Specialty Products Partners, L.P. (NASDAQ: CLMT) ("Calumet") today announced a series of transactions conducted by its unrestricted subsidiary Montana Renewables LLC ("MRL"), a renewable fuel business.
Warburg Pincus, a leading global growth investor, has agreed to invest $250 million in MRL in the form of a participating preferred equity security, which values MRL at a pre-commissioning enterprise value of $2.25 billion. The preferred equity investment is not interest-bearing and carries certain minimum return thresholds. In connection with the investment, Warburg Pincus will have a representative on MRL's four-member board of managers.
Calumet also announced that Stonebriar Commercial Finance ("Stonebriar") has invested an additional $350 million through a pair of sale and leaseback contracts on top of its existing $50 million commitment to MRL. The sale and leaseback transactions carry an approximate 12.3% cost of capital and offer certain strategic early termination options. Concurrent with these transactions, the $300 million convertible investment from Oaktree Capital Management L.P. ("Oaktree") in MRL has been retired.
Today's transactions are accretive in the aggregate. MRL's pro forma liquidity, after giving effect to these transactions, is approximately $300 million. Additional information will be reported in Calumet's filing with the SEC on Form 8-K.
Once fully operational, Montana Renewables, based in Great Falls, Montana, will use waste feedstocks to produce low-emission alternatives that directly replace fossil fuel products including Renewable Hydrogen, Renewable Diesel (RD) and Sustainable Aviation Fuel (SAF). RD and SAF created by catalytic hydroprocessing of renewable feedstocks significantly reduce the carbon footprint of hard to electrify industries.
"This investment will accelerate our mission to quickly produce low-emission alternatives that directly replace fossil fuel products. We are pleased to partner with Warburg Pincus, a world class institutional investor, as well as to extend our longstanding multi-site relationship with Stonebriar" said Bruce Fleming, EVP Montana Renewables and Corporate Development. "We would also like to extend our gratitude to Oaktree for their initial investment in MRL. Oaktree's alignment and support of our vision allowed the launch of this business in 2021. Today's announcement of increased capitalization further solidifies MRL's go-forward business plan to increase capacity in 2024-25 to an estimated 18,000 barrels per day, including the optionality to convert a large portion of the plant's production from RD to SAF".
Warburg Pincus has a strong track record of investing in companies committed to the growth of low-carbon opportunities. Notable energy transition investments include ClimeCo, Eco Material Technologies, Gradiant, Monolith, Scale Microgrid Solutions, Solar Mosaic, and Viridi. "Understanding ways to economically reduce our carbon footprint in the immediate term is incredibly important. As the world recognizes a sustainability responsibility and as demand for low-emission fuels increases, MRL's ability to produce RD and SAF quickly and efficiently will result in immediate carbon reductions," said Roy Ben-Dor, Managing Director, Warburg Pincus. "We believe the partnership with Bruce and the MRL team, combined with our strong network and long-standing experience in energy transition, will help establish MRL as one of the most advantaged renewable fuel producers in North America," added Jeff Luse, Principal, Warburg Pincus.
Todd Borgmann, CEO of Calumet added "Stonebriar Commercial Finance, an Eldridge business, has been a collaborative, creative, and valued business partner to Calumet and MRL, and we are excited to grow that partnership through their additional investment into MRL. Montana Renewables is now fully capitalized with a healthy balance sheet as we approach startup in the near future and the identified organic growth opportunities shortly thereafter."
"Stonebriar is pleased to continue our partnership with Montana Renewables and to expand our investments in decarbonization and more sustainable opportunities," said Nicholas Sandler, President of Stonebriar. "This transaction demonstrates Stonebriar's commitment to providing comprehensive solutions to our customers."
Calumet will continue to market the potential share sale to strategic and other investors via the formal process being conducted by Lazard.
Gibson, Dunn & Crutcher LLP served as legal advisor to Montana Renewables. Cleary Gottlieb Steen & Hamilton LLP, Jackson Lewis P.C. and Arnold & Porter Kaye Scholer LLP served as legal advisors to Warburg Pincus.
About Montana Renewables LLC
Montana Renewables is modifying existing assets at the Great Falls, Montana facility to process up to 15,000 barrels per stream day of renewable feedstocks (such as used cooking oil, distillers corn oil, tallow and seed oils) into low-emission sustainable alternatives including Renewable Diesel and Sustainable Aviation Fuel. RD and SAF address environmental concerns in hard to electrify industries, where few alternative decarbonization opportunities exist today, and are capable of reducing the carbon footprint by 50-70% or more versus incumbent fossil fuel products. MRL's finished products are fungible drop-in replacement fuels for diesel or aviation use, and are fully compatible with existing engine technology, distribution and fueling systems.
About Calumet Specialty Products Partners, L.P.
Calumet manufacturers, formulates, and markets a diversified slate of specialty branded products to customers in various consumer-facing and industrial markets. Calumet is headquartered in Indianapolis, Indiana and operates twelve facilities throughout North America.
About Warburg Pincus
Warburg Pincus LLC is a leading global growth investor. The firm has more than $85 billion in assets under management. The firm's active portfolio of more than 250 companies is highly diversified by stage, sector, and geography. Warburg Pincus is an experienced partner to management teams seeking to build durable companies with sustainable value. Founded in 1966, Warburg Pincus has raised 21 private equity and 2 real estate funds, which have invested more than $106 billion in over 1,000 companies in more than 40 countries. The firm is headquartered in New York with offices in Amsterdam, Beijing, Berlin, Hong Kong, Houston, London, Luxembourg, Mumbai, Mauritius, San Francisco, São Paulo, Shanghai, and Singapore. For more information, please visit www.warburgpincus.com.
View original content:
SOURCE Calumet Specialty Products Partners, L.P. | https://www.wafb.com/prnewswire/2022/08/05/calumet-announces-series-transactions-montana-renewables/ | 2022-08-05T12:50:05Z | https://www.wafb.com/prnewswire/2022/08/05/calumet-announces-series-transactions-montana-renewables/ | true |
Political ad revenue was the highest-ever for second quarter; company is on track for record full-year political results
CINCINNATI, Aug. 5, 2022 /PRNewswire/ -- The E.W. Scripps Company (NASDAQ: SSP) delivered $594 million in revenue and $132 million in segment profit for the second quarter of 2022, driven by higher Local Media political advertising and retransmission revenues.
The company is on track to deliver at least $270 million of Local Media political advertising revenue for the full year, outpacing its 2020 adjusted-combined presidential election year political revenue, after record-setting second-quarter results.
Highlights:
- During the second quarter, Scripps benefitted from strong political advertising revenues in the Local Media division. Higher retransmission revenues also contributed to its 10% total revenue growth, and the company saw continued moderation in the decline of pay TV households. Local core advertising was down just slightly, despite the macroeconomic climate.
- The Scripps Networks division revenue performed better than the national cable and broadcast networks marketplace, and the division delivered a 31% segment profit margin, despite a challenging national advertising climate.
- The Networks division increased connected TV revenue by 35% in Q2 and continues its aggressive expansion onto CTV platforms, with six networks either launched or launching before October on services including Roku, FreeVee, Samsung TV Plus, TCL, Tubi, Vizio Watchfree and Xumo.
- The company is carefully managing expenses in the face of the current economic environment, without negatively impacting its long-term commitment to its local media and national networks strategies.
- Free cash flow for the full year is now targeted at about $400 million.
"For the second quarter, Scripps met or exceeded overall expectations. Foreshadowing the record performance we expect in the back half of the year, political advertising during the first two quarters nearly equaled the level of revenue we saw for the same period of the presidential election year 2020, when Michael Bloomberg spent early and heavily in our markets to promote his presidential campaign. We also experienced smaller declines in our pay TV subscriber household counts year over year," said Adam Symson, Scripps president and CEO.
"While Scripps Networks revenue was short of guidance – a reflection of the weakness in the national ad market – it still equaled last year's extraordinary performance and delivered results better than peers as well as a margin of more than 30%."
"The Networks benefited from growth in connected TV revenue, with continued momentum expected in the back half of the year. By the end of the third quarter, most of our Scripps networks will be nearly fully distributed across connected TV platforms, and our previous CTV launches this year are garnering significant viewing, driving the increases in CTV revenue. Our networks also are available on cable and satellite and to nearly every U.S. television household through over-the-air broadcast.
"The Scripps strategy is to deliver quality programs to media consumers on their preferred TV viewing platforms – an all-of-the-above distribution approach that is paying dividends as Scripps establishes itself as a leader in free, ad-supported television."
Operating results
Total second-quarter company revenue was $594 million, an increase of 5.2% or $29.4 million from the prior-year quarter due to higher political and retransmission revenue in our Local Media division.
Costs and expenses for segments, shared services and corporate were $463 million, up from $413 million in the year-ago quarter.
Income attributable to the shareholders of Scripps was $29.2 million or 32 cents per share. In the prior-year quarter, the company had reported a loss from continuing operations attributable to its shareholders of $11.4 million or 14 cents per share. The prior-year quarter included a $13.8 million loss on extinguishment of debt from the redemption of our 2025 senior notes, a $31.9 million non-cash adjustment due to the increase in the fair value of the outstanding common stock warrant liability, acquisition and related integration costs of $6.7 million, and $514,000 of restructuring costs. These items decreased income from continuing operations by $47.6 million, net of taxes, or 58 cents per share.
Second-quarter 2022 results by segment compared to prior-period amounts:
Local Media
Revenue from Local Media was $356 million, up 9.5% from the prior-year quarter.
- Core advertising revenue decreased 2% to $158 million.
- Political revenue was $24 million, compared to $3.2 million in the prior-year quarter.
- Retransmission revenue increased 9.4% to $171 million.
Segment expenses increased 5.7% to $275 million, driven by network affiliation fees and the impact of Scripps employees returning to working in its station buildings, resuming more normal operating procedures.
Segment profit was $80.7 million, compared to $64.6 million in the year-ago quarter.
Scripps Networks
Revenue from Scripps Networks was $239 million, equal to the prior-year quarter. Incremental ad revenue earned from the July 2021 launch of Defy TV and TrueReal networks was offset by weakness in the national advertising market.
Segment expenses for Scripps Networks increased 26% to $166 million, consistent with the company's strategic commitment to new national networks launches and continued programming improvements.
Segment profit was $73.3 million, compared to $107 million in the year-ago quarter.
Financial condition
On June 30, cash and cash equivalents totaled $58.2 million and total debt was $3.1 billion, including $60 million outstanding under our revolving credit facility.
During the first quarter of 2022, we redeemed a total of $123 million of the outstanding principal on our senior notes. In addition, we made mandatory principal payments of $9.3 million on our term loans during the first half of the year.
Preferred stock dividends paid in 2022 were $24 million. Under the terms of Berkshire Hathaway's preferred equity investment in Scripps, we are prohibited from paying dividends on or repurchasing our common shares until all preferred shares are redeemed.
Year-to-date operating results
The following comparisons are to the period ending June 30, 2021:
In 2022, revenue was $1.2 billion, which compares to revenue of $1.1 billion in 2021. Political revenue was $30.8 million, compared to $4.5 million in the prior year.
Costs and expenses for segments, shared services and corporate were $913 million, up from $821 million in the year-ago period, reflecting costs attributed to our recent over-the-air network launches, continued investment in programming, higher affiliation fees and the impact of Scripps employees returning to working in its stations and offices.
Income from continuing operations attributable to the shareholders of Scripps was $39 million or 42 cents per share. Pre-tax costs for the 2022 period included $1.6 million of acquisition and related integration costs as well as a $1.2 million gain on extinguishment of debt from the redemption of senior notes. In the prior-year period, loss from continuing operations attributable to the shareholders of Scripps was $19.5 million or 24 cents per share. Pre-tax costs for the prior year included an $81.8 million gain from the sale of Triton, a $13.8 million loss on extinguishment of debt, a $99.1 million non-cash adjustment due to the increase in the fair value of the outstanding common stock warrant liability, acquisition and related integration costs of $35.3 million and $7.6 million of restructuring costs. These items decreased income from continuing operations by $76.9 million, net of taxes, or 94 cents per share.
Looking ahead
Comparisons for our segments are to the same period in 2021.
Conference call
The senior management of The E.W. Scripps Company will discuss the company's quarterly results during a telephone conference call at 9:30 a.m. Eastern today. To access the live webcast, visit http://ir.scripps.com and find the link under "upcoming events."
To access the conference call by telephone, dial (844) 867-6169 (U.S.) or (409) 207-6975 (international) and give the access code 1864935 approximately five minutes before the start of the call. Investors and analysts will need the name of the call ("Scripps earnings call") to be granted access. The public is granted access to the conference call on a listen-only basis.
A replay line will be open from 1:30 p.m. Eastern time Aug. 5 until midnight Sept. 7. The domestic number to access the replay is (866) 207-1041 and the international number is (402) 970-0847. The access code for both numbers is 4808441.
A replay of the conference call will be archived and available online for an extended period of time following the call. To access the audio replay, visit http://ir.scripps.com/ approximately four hours after the call, and the link can be found on that page under "audio/video links."
Forward-looking statements
This document contains certain forward-looking statements related to the company's businesses that are based on management's current expectations. Forward-looking statements are subject to certain risks, trends and uncertainties, including changes in advertising demand and other economic conditions that could cause actual results to differ materially from the expectations expressed in forward-looking statements. Such forward-looking statements are made as of the date of this document and should be evaluated with the understanding of their inherent uncertainty. A detailed discussion of principal risks and uncertainties, including those engendered by the COVID-19 pandemic, that may cause actual results and events to differ materially from such forward-looking statements is included in the company's Form 10-K, on file with the SEC, in the section titled "Risk Factors." The company undertakes no obligation to publicly update any forward-looking statements to reflect events or circumstances after the date such statements are made.
About Scripps
The E.W. Scripps Company (NASDAQ: SSP) is a diversified media company focused on creating a better-informed world. As one of the nation's largest local TV broadcasters, Scripps serves communities with quality, objective local journalism and operates a portfolio of 61 stations in 41 markets. The Scripps Networks reach nearly every American through the national news outlets Court TV and Newsy and popular entertainment brands ION, Bounce, Grit, Laff, ION Mystery, Defy TV and TrueReal. Scripps is the nation's largest holder of broadcast spectrum. Scripps runs an award-winning investigative reporting newsroom in Washington, D.C., and is the longtime steward of the Scripps National Spelling Bee. Founded in 1878, Scripps has held for decades to the motto, "Give light and the people will find their own way."
Notes to Results of Operations
1. SEGMENT INFORMATION
We determine our business segments based upon our management and internal reporting structures, as well as the basis on which our chief operating decision maker makes resource-allocation decisions.
Our Local Media segment includes our 61 local broadcast stations and their related digital operations. It is comprised of 18 ABC affiliates, 11 NBC affiliates, nine CBS affiliates and four FOX affiliates. We also have 12 CW affiliates - four on full power stations and eight on multicast; five independent stations and 10 additional low power stations. Our Local Media segment earns revenue primarily from the sale of advertising to local, national and political advertisers and retransmission fees received from cable operators, telecommunications companies, satellite carriers and over-the-top virtual MVPDs.
Our Scripps Networks segment is comprised of nine national television networks that reach nearly every U.S. television home through free over-the-air broadcast, cable/satellite, connected TV and digital distribution. These operations earn revenue primarily through the sale of advertising.
Our respective business segment results reflect the impact of intercompany carriage agreements between our local broadcast television stations and our national networks. We also allocate a portion of certain corporate costs and expenses, including accounting, procurement, human resources, employee benefit and information technology to our business segments. These intercompany agreements and allocations are generally amounts agreed upon by management, which may differ from an arms-length amount.
The other segment caption aggregates our operating segments that are too small to report separately. Costs for centrally provided services and certain corporate costs that are not allocated to the business segments are included in shared services and corporate costs. These unallocated corporate costs would also include the costs associated with being a public company. Corporate assets are primarily cash and cash equivalents, restricted cash, property and equipment primarily used for corporate purposes and deferred income taxes.
Our chief operating decision maker evaluates the operating performance of our business segments and makes decisions about the allocation of resources to our business segments using a measure called segment profit. Segment profit excludes interest, defined benefit pension plan amounts, income taxes, depreciation and amortization, impairment charges, divested operating units, restructuring activities, investment results and certain other items that are included in net income (loss) determined in accordance with accounting principles generally accepted in the United States of America.
2. CONDENSED CONSOLIDATED BALANCE SHEETS
3. EARNINGS PER SHARE ("EPS")
Unvested awards of share-based payments with rights to receive dividends or dividend equivalents, such as our RSUs, are considered participating securities for purposes of calculating EPS. Under the two-class method, we allocate a portion of net income to these participating securities and, therefore, exclude that income from the calculation of EPS for common stock. We do not allocate losses to the participating securities.
The following table presents information about basic and diluted weighted-average shares outstanding:
4. NON-GAAP INFORMATION
In addition to results prepared in accordance with GAAP, this earnings release discusses free cash flow, a non-GAAP performance measure that management and the company's Board of Directors uses to evaluate the performance of the business. We also believe that the non-GAAP measure provides useful information to investors by allowing them to view our business through the eyes of management and is a measure that is frequently used by industry analysts, investors and lenders as a measure of valuation for broadcast companies.
Free cash flow is calculated as non-GAAP Adjusted EBITDA (as defined below), plus reimbursements received from the FCC for repack expenditures, less capital expenditures, preferred stock dividends, interest payments, income taxes paid (refunded) and contributions to defined retirement plans.
Adjusted EBITDA is calculated as income (loss) from continuing operations, net of tax, plus income tax expense (benefit), interest expense, losses (gains) on extinguishment of debt, defined benefit pension plan expense (income), share-based compensation costs, depreciation, amortization of intangible assets, loss (gain) on business and asset disposals, mark-to-market losses (gains), acquisition and integration costs, restructuring charges and certain other miscellaneous items.
A reconciliation of these non-GAAP measures to the comparable financial measure in accordance with GAAP is as follows:
ADJUSTED COMBINED SUPPLEMENTAL INFORMATION
Due to the effect that the ION acquisition has on our segment operating results, and to provide meaningful period over period comparisons, we are presenting supplemental non-GAAP (Generally Accepted Accounting Principles) information for certain financial results on an adjusted combined basis. The adjusted combined financial results have been compiled by adding, as of the earliest period presented, the impact from the acquired ION television stations' historical revenue, employee compensation and benefits, programming and other expenses to Scripps' historical revenue, employee compensation and benefits, programming and other expenses captions reported within the Scripps Networks segment. These historical results are adjusted for certain intercompany adjustments and other impacts that would result from the companies operating under the ownership of Scripps as of the earliest period presented.
Management uses the adjusted combined non-GAAP supplemental information for purposes of evaluating the Company's segment results. The company therefore believes that the non-GAAP measure presented provides useful information to investors by allowing them to view the company's businesses through the eyes of management, facilitating comparison of Scripps Networks results across historical periods and providing a focus on the underlying ongoing operating performance of our segments.
The company uses the adjusted combined non-GAAP supplemental information to supplement the financial information presented on a GAAP historical basis. This non-GAAP supplemental information is not to be considered in isolation from, or as a substitute for, the related GAAP measures, and should be read only in conjunction with financial information presented on a GAAP basis.
The adjusted combined financial results contained in the following supplemental information is for informational purposes only. These results do not necessarily reflect what the historical results of Scripps would have been if the acquisition of ION had occurred on January 1, 2021. Nor is this information necessarily indicative of the future results of operations of the combined entities.
The adjusted combined financial information is not pro forma information prepared in accordance with Article 11 of SEC regulation S-X, and the preparation of information in accordance with Article 11 would result in a significantly different presentation.
Scripps Networks adjusted combined segment profit
Non-GAAP reconciliation
Below is a reconciliation of Scripps historical reported revenue and segment profit for its Scripps Networks segment to the adjusted combined revenue and adjusted combined segment profit for the Scripps Networks segment following the acquisition of ION.
View original content to download multimedia:
SOURCE The E.W. Scripps Company | https://www.wcjb.com/prnewswire/2022/08/05/scripps-q2-revenue-grows-benefiting-political-advertising-distribution-gains/ | 2022-08-05T12:50:58Z | https://www.wcjb.com/prnewswire/2022/08/05/scripps-q2-revenue-grows-benefiting-political-advertising-distribution-gains/ | false |
DETROIT, Aug. 5, 2022 /PRNewswire/ -- Meridian of Michigan, a leading Medicaid managed care plan and wholly owned subsidiary of Centene Corporation, recently celebrated 25 years of providing high-quality care and services to its members across Michigan.
"Meridian has been an essential part of the Michigan community for more than two decades," said Sean Kendall, Plan President and CEO of Meridian. "We have been, and will continue to be, there for Michigan residents to ensure they have access to the healthcare coverage they need and deserve. We're grateful to celebrate this milestone and look forward to providing continued care to the state of Michigan."
Since its founding in 1997, Meridian has experienced tremendous growth. Beginning as a small team of employees committed to providing Michiganders with access to compassionate care, Meridian has since expanded to become the largest Medicaid managed care plan in the state, and today serves more than half a million Medicaid, Medicare-Medicaid Plan (MMP), and Marketplace members.
During its 25-year history, Meridian has also taken a local approach to care, embedding itself in the communities it serves. This includes partnerships with more than 40 community-based organizations, dedicated employees who have volunteered hundreds of hours in their communities, and more than $1.3 million in grants to support local providers, federally qualified health centers (FQHCs), and community partners.
In recognition of its anniversary, Meridian employees performed 25 acts of kindness across the state. They donated clothes to Foster Closet of Michigan, a nonprofit with several locations spread across the state that serves children placed in the foster care system. To cheer some of the health plan's most vulnerable members, employees wrote heartfelt letters to elders to brighten their day. And, amid the ongoing shortage of baby formula nationwide, Meridian employees delivered formula to Destined for Greatness, a Detroit nonprofit that seeks to empower and motivate at-risk young ladies ages 11 to 21 through its mentorship program.
About Meridian
Meridian of Michigan provides government-sponsored managed care services to families, children, seniors, and individuals with complex medical needs primarily through Medicaid (Meridian), Medicare Advantage (Wellcare), Medicare-Medicaid Plans (MeridianComplete), and the Health Insurance Marketplace (Ambetter from Meridian). Meridian is a wholly owned subsidiary of Centene Corporation, a leading healthcare enterprise committed to helping people live healthier lives. For more information about Meridian, visit mimeridian.com.
View original content:
SOURCE Meridian of Michigan | https://www.wymt.com/prnewswire/2022/08/05/meridian-celebrates-25-years-serving-michigan/ | 2022-08-05T12:57:06Z | https://www.wymt.com/prnewswire/2022/08/05/meridian-celebrates-25-years-serving-michigan/ | true |
BAGHDAD (AP) — Khalil Ibrahim’s four sons are among thousands of followers of an influential Shiite cleric staging a sit-in outside Iraq’s parliament after storming the building last week in a stunning move that threw the country into a new era of political instability.
Ibrahim is behind them all the way, he says — as are practically all his neighbors in Sadr City, the huge Baghdad district of millions of largely impoverished Shiites that is the heart of support for the cleric, Muqtada al-Sadr.
Every house within the district’s concrete jungle has members participating in the sit-in, the 70-year-old Ibrahim told The Associated Press on Thursday. “This time we know there will be change, we are sure of it,” he said.
Al-Sadr derives his political weight largely from their seemingly unending support. His word has spurred meticulously organized mass protests at various times in the past, bringing Baghdad to a halt and disrupting the political process. Many in Sadr City proclaim their devotion to al-Sadr, dismissing allegations of corruption against his movement.
They are drawn by his religious rhetoric and the promise of long-sought change and recognition for a community that is among Iraq’s most destitute.
Most in Sadr City complain of inadequate basic services, including electricity in the scorching summer heat — temperatures soared above 50 degrees Celsius (122 degrees Fahrenheit) Thursday. The majority who spoke to the AP did not finish school, and those who did say they can’t find work.
Prompted by protest calls by al-Sadr’s party, they overran parliament on Saturday, before pulling back to the sit-in outside the building. Their gathering is preventing al-Sadr’s Iranian-backed political rivals from forging ahead with government formation. Al-Sadr, whose party won the largest number of seats in the last election, had been demanding a majority government that would have squeezed out his rivals.
The standoff extends an unprecedented political impasse, 10 months since the elections. On Friday, hundreds of thousands heeded al-Sadr’s call yet again, gathering for a mass prayer in Baghdad’s heavily fortified Green Zone.
The cleric elicits a powerful combination of religion, in particular by evoking the sacrifices of Imam Hussein, a revered figure in Shiite Islam. He also taps into Sadr City’s long history as an epicenter of mass social demonstration where sentiments of oppression and revolution run deep.
This history dates back to the district’s founding soon after the 1958 overthrow of the monarchy by Abdel Karim Qassim.
Called Revolution City back then, Qassim built settlements for migrants from southern Iraq, many of whom were violently dispossessed of land and suffered immense poverty. The area’s five original sectors would grew over the following decades to 100 sectors, with 2.5 million residents.
However, promises to develop the neighborhood never came to fruition throughout Iraq’s turbulent modern history and it fell into neglect, creating an urban underclass segregated from the rest of Baghdad society.
Under Saddam Hussein, it became a center for Shiite resistance. After the U.S.-led invasion in 2003, it was renamed Sadr City after al-Sadr’s father.
In a speech Wednesday, al-Sadr instructed his followers to carry on with the sit-in and called for early elections, the dissolution of parliament and amendments to the constitution.
In the Ibrahim household, the demands are simpler. They want to own a house and find work. Ibrahim’s sons only have irregular day laborer jobs. His eldest is 23, and none went past primary school.
The entire family — 12 persons in all — live in a house where the rent takes up most their incomes, even though Ibrahim worked his entire life as a guard outside the Education Ministry.
Hamida, Ibrahim’s wife, desperately wants to own a house of their own. “We filled out applications for government housing, we filled out applications for jobs, but nothing worked,” she said.
As she spoke, the electricity cut out. “There it goes again,” she sighed.
More recently, al-Sadr’s support, which extends to parts of southern Iraq, has shown signs of eroding. Though the party was the biggest vote-getter in October’s elections, its total votes were under a million, less than in previous elections.
The party has been part of multiple governments over the years, yet Sadr City has seen little improvement. Despite his portrayal as a hero the dispossessed, his party has a vast network of civil servant appointees across Iraq’s state institutions, ready to do its bidding. Contractors doing business with the ministries under his control have complained of harassment and threats from his party members.
Critics accuse the cleric of using his followers as pawns by evoking the legacy of his father, Mohamed Sadeq al-Sadr a highly respected Shiite religious figure killed by Saddam’s regime in the 1990s.
In Sadr City, his supporters are quick to defend him, saying his political opponents have obstructed his agenda.
Many said his calls to protest gave them purpose beyond the monotony of their poverty-stricken lives. The protest call is disseminated from Sadr’s party offices down to tribal leaders, who pass it on to their members.
Many protesters who stormed the parliament last Saturday said it was their first glimpse of the halls of power, where they are seldom welcome.
“I saw the big buildings, the beautiful rooms, and I thought ‘How can this exist in the same city where I am struggling?’” said Mohammed Alaa, a grocer in Sadr City. “Aren’t we human also?”
Portraits of Imam Hussein, the Prophet Mohammed’s grandson, hang outside almost every door in Sadr City. Ashura, next Monday, commemorates his killing, and Iraqis typically march in the thousands to mark the day in the holy city of Karbala, south of Baghdad.
Al-Sadr’s messaging is suffused with references to Hussein’s sacrifice and calls to rise up against oppression. In Saturday’s speech, al-Sadr said he was against bloodshed, but added that “reform comes only through sacrifice,” pointing to the example of the imam.
The comparison resonates among his followers. A portrait of Imam Hussein glitters in Ibrahim’s modest living room.
“Imam Hussein called for reform and revolution, and now our leaders are also,” Ibrahim said. “Of course, some can ignore that, but we can’t.” | https://www.localsyr.com/news/national/in-baghdads-sadr-city-clerics-support-underpins-protests/ | 2022-08-05T12:57:30Z | https://www.localsyr.com/news/national/in-baghdads-sadr-city-clerics-support-underpins-protests/ | false |
From 2019 to 2022, Stagecoach East Midlands hosted a series of fundraising events to reach their target, starting with a ‘Wear it Green’ week across all of Stagecoach East Midlands depots.
The Mansfield depot hosted cake sales, to raise funds locally and passengers were given the opportunity to donate upon boarding a bus.
Other fundraising activities included ‘Power an Hour’ collections, cake sales, sponsored waxing, ‘Brave the Shave’, competitions, sports events, coffee mornings, raffles, tombolas, live music, a ‘Superheroes and Villains’ week, a Euros 2021 ‘Wear Your Shirt to Work’ week, as well as Easter and Christmas competitions and events.
Overall, the most successful fundraising events took place during Christmas 2019, when a total of £4,000 was raised through activities across Stagecoach depots, including Mansfield.
Matt Cranwell, managing director for Stagecoach East Midlands, said: “Stagecoach East Midlands are very proud of our partnership with Macmillan, and are delighted to have hit our fundraising target over the last three years.
“This achievement is testament to our fantastic team, who have worked incredibly hard to organise various fundraising activities and events over the years to hit our target, particularly whilst dealing with the challenges of the Covid-19 pandemic.
“These funds will be vital in supporting the charity, who work hard to improve the lives of those battling cancer."
Katherine Booth, relationship fundraising manager at Macmillan Cancer Support, said: “We cannot thank Stagecoach East Midlands, and all of their staff, enough for the incredibly hard work they have put into raising funds and awareness for Macmillan Cancer Support.
“Our three-year partnership with Stagecoach East Midlands has been a huge success and an inspiring journey for those in the community who are facing cancer themselves or know someone who is. People living with cancer across the UK need our support now more than ever.
"Thanks to vital donations, such as those provided by Stagecoach East Midlands fundraising activities, we can provide better cancer support, information, and financial services from the point of diagnosis.” | https://www.chad.co.uk/news/people/mansfield-residents-helped-stagecoach-east-midlands-raise-ps30000-for-macmillan-cancer-support-3795130 | 2022-08-05T12:58:19Z | https://www.chad.co.uk/news/people/mansfield-residents-helped-stagecoach-east-midlands-raise-ps30000-for-macmillan-cancer-support-3795130 | true |
BERWYN, Pa., Aug. 5, 2022 /PRNewswire/ -- The Board of Directors of AMETEK, Inc. (NYSE: AME) declared a regular quarterly dividend of $0.22 per share for the third quarter ending September 30, 2022.
This third quarter dividend is payable September 30, 2022 to shareholders of record as of September 14, 2022.
Corporate Profile
AMETEK is a leading global manufacturer of electronic instruments and electromechanical devices with 2021 sales of $5.5 billion. The AMETEK Growth Model integrates the Four Growth Strategies - Operational Excellence, New Product Development, Global and Market Expansion, and Strategic Acquisitions - with a disciplined focus on cash generation and capital deployment. AMETEK's objective is double-digit percentage growth in earnings per share over the business cycle and a superior return on total capital. The common stock of AMETEK is a component of the S&P 500.
Contact:
Kevin Coleman
Vice President, Investor Relations & Treasurer
kevin.coleman@ametek.com
Phone: 610-889-5247
View original content:
SOURCE AMETEK, Inc. | https://www.kalb.com/prnewswire/2022/08/05/ametek-declares-quarterly-dividend/ | 2022-08-05T12:59:18Z | https://www.kalb.com/prnewswire/2022/08/05/ametek-declares-quarterly-dividend/ | false |
HealthLynked to Premier 'Forever: The End of Aging' Medical Documentary at CMX CinéBistro Theater in Naples, Florida on August 28th
NAPLES, Fla., Aug. 5, 2022 /PRNewswire/ -- HealthLynked Corp. (OTCQB: HLYK), ("HealthLynked" or the "Company") a global healthcare network focused on care management of its members and a provider of healthcare technologies that connect doctors, patients, and medical data, today announced it will be hosting a onetime screening of the documentary 'Forever: The End of Aging' at CMX CinéBistro theater on August 28th at 7 pm.
CMX CinéBistro is located at the Coastland Mall at 2000 9th St N, Naples, FL 34103. Tickets can be requested online at: https://foreverendofagingmovie.com/ or by calling 1-239-799-7116. Seating is limited for this premier screening.
'Forever' was written and directed by award-winning film and television writer Paul Castro, writer of the original screenplay 'August Rush.'
The film interviews experts from medical specialties including genomics, cancer diagnostics, artificial intelligence, machine learning, functional and regenerative medicine, and stem cell therapies, while exploring how these technologies are advancing medical treatments that could significantly impact our health and how long we will live.
The film features medical experts from around the country including:
- Bob Gasparini – Cancer Genetics; Former President, NeoGenomics Laboratories
- Michael Dent, M.D. – CEO of HealthLynked Patient Information Network
- Chadwick Prodromos, M.D. – Stem Cell Therapy
- Robert Mino, J.D. – Healthcare Patent Attorney
- David Perlmutter, M.D. – Neurologist and Bestselling Author of 'Grain Brain' and 'Drop Acid'
- Pam Hughes, D.O. – Functional Medicine and Nutritional Expert
- Edwardo Maristany, M.D. – Functional Medicine, Genetic Testing, and Hyperbaric Medicine
- Arnold Pallay, M.D. – Clinical Application of Genetic Testing
- Randy Miller, M.D. – Cosmetic Surgeon
- Ryan Smith – Founder of Tru Diagnostics
- Robert Marx, DDS FACS- Facial Reconstruction
- Jonathan Jay, M.D. - Urologist
- Sharon Hausman-Cohen, M.D. – Harvard Trained Expert in Medical Genetics
- Dr. Larry Antonucci – CEO of Lee Healthcare System
Learn more about 'Forever: The End of Aging' at: https://www.imdb.com/title/tt19296904/
HealthLynked, along with its innovative technologies that improve communication between patients and doctors, is featured in the movie to demonstrate how individuals can participate in medical discoveries through information sharing. Hereditary medical conditions such as cancer, diabetes, and heart disease are caused by lifestyle and genetic factors. In "Forever," HealthLynked will discuss the power of data in determining the roles each of these play in diseases and how this information can lead to improved healthcare for everyone.
Dr. Michael Dent, Chairman and Chief Executive Officer, stated "HealthLynked is excited to host the premier viewing of 'Forever: The End of Aging.' We are hopeful that the documentary will be picked up by an online streaming service so that a larger audience can learn more about how HealthLynked is working to advance healthcare through the efficient change of healthcare information. We are hopeful that one day medical conditions such as cancer, neurodegenerative diseases, diabetes, and even aging will be a thing of the past."
The HealthLynked app is available for download on both iOS and Android devices.
About CMX CinéBistro
CMX Cinemas opened its first flagship dine-in theatre in April 2017 at Brickell City Centre, Miami, FL, ushering in a new era of luxury movie-going experiences. CMX provides state-of-the-art technology and luxurious reclining leather seats, that can be enjoyed through different types of experiences including: CMX CinéBistro, the luxury dine-in theatre concept with in-seat service featuring modern, rustic New-American cuisine from classically trained chefs, CMX Market Cinemas, a gourmet grab-and-go culinary and movie experience, and CMX Cinemas, the upgraded traditional theater with classic concessions.
About HealthLynked Corp.
HealthLynked Corp. provides a solution for both patient members and providers to improve healthcare through the efficient exchange of medical information. The HealthLynked Network is a cloud-based platform that allows members to connect with their healthcare providers and take more control of their healthcare. Members enter their medical information, including medications, allergies, past surgeries, and personal health records, in one convenient online and secure location, free of charge. Participating healthcare providers can connect with their current and future patients through the system. Benefits to in-network providers include the ability to utilize the HealthLynked patent-pending patient access hub "PAH" for patient analytics. Other benefits for preferred providers include HLYK marketing tools to connect with their active and inactive patients to improve patient retention, access more accurate and current patient information, provide more efficient online scheduling, and to fill last-minute cancelations using the Company's "real-time appointment scheduling" all within its mobile application. Preferred providers pay a monthly fee to access these HealthLynked services. For additional information about HealthLynked Corp., please visit www.healthlynked.com and connect with HealthLynked on Twitter, Facebook, Instagram, and LinkedIn.
Forward-Looking Statements
Forward-Looking Statements in this press release, which are not historical facts, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Our actual results, including as a result of any acquisitions, performance, or achievements may differ materially from those expressed or implied by these forward-looking statements. In some cases, you can identify forward-looking statements by the use of words such as "may," "could," "expect," "intend," "plan," "seek," "anticipate," "believe," "estimate," "predict," "potential," "continue," "likely," "will," "would" and variations of these terms and similar expressions, or the negative of these terms or similar expressions. Such forward-looking statements are necessarily based upon estimates and assumptions that, while considered reasonable by our management, and us are inherently uncertain. We caution you not to place undue reliance on any forward-looking statements, which are made as of the date of this press release. We undertake no obligation to update publicly any of these forward-looking statements to reflect actual results, new information or future events, changes in assumptions or changes in other factors affecting forward-looking statements, except to the extent required by applicable laws. If we update one or more forward-looking statements, no inference should be drawn that we will make additional updates with respect to those or other forward-looking statements. Certain risks and uncertainties applicable to our operations and us are described in the "Risk Factors" section of our most recent Annual Report on Form 10-K and in other filings we have made with the U.S. Securities and Exchange Commission. These reports are publicly available at www.sec.gov.
HLYK Contact:
George O'Leary
Chief Financial Officer
goleary@healthlynked.com
(800)-928-7144, ext. 103
William Hayde
Capital Markets Strategist
bhayde@healthlynked.com
(631)-403-4337
View original content:
SOURCE HealthLynked Corp. | https://www.kxii.com/prnewswire/2022/08/05/healthlynked-premier-forever-end-aging-medical-documentary-cmx-cinbistro-theater-naples-florida-august-28th/ | 2022-08-05T12:59:54Z | https://www.kxii.com/prnewswire/2022/08/05/healthlynked-premier-forever-end-aging-medical-documentary-cmx-cinbistro-theater-naples-florida-august-28th/ | false |
NEW YORK (AP) _ Steel Partners Holdings LP (SPLP) on Friday reported earnings of $92.1 million in its second quarter.
On a per-share basis, the New York-based company said it had profit of $3.52. Earnings, adjusted for non-recurring gains, were $1.03 per share.
The diversified industrial company posted revenue of $441.4 million in the period.
_____
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SPLP at https://www.zacks.com/ap/SPLP | https://www.myplainview.com/business/article/Steel-Partners-Q2-Earnings-Snapshot-17353944.php | 2022-08-05T12:59:56Z | https://www.myplainview.com/business/article/Steel-Partners-Q2-Earnings-Snapshot-17353944.php | false |
NEW ORLEANS (AP) — The attorney who represented Mystikal on rape and kidnapping charges that were dropped in late 2020 said Thursday that he is once more representing the 51-year-old rapper — and is confident that he will again be cleared.
“I think there’s zero chance this goes to trial,” Joel Pearce said as he drove back to Shreveport from the Ascension Parish jail in Gonzales, where he met with Michael Tyler.
Tyler, who served six years in prison after pleading guilty in 2003 to sexual battery, was arrested Sunday on charges accusing him of raping and choking a woman at his home Saturday.
Pearce represented him in December 2020, when prosecutors in northwest Louisiana’s Caddo Parish dropped rape and kidnapping charges that had kept him jailed for 18 months
On Tuesday, Tyler was denied bond at what is called a “72-hour hearing.”
State District Judge Steven Tureau said evidence against the rapper, his past history and the victim’s fears met the standard for holding him without bail
“There was no evidence given on my client’s part,” Pearce said. He said he will request a full bond hearing at which evidence can be presented.
Defense attorney Roy Maughan Jr., who had asked for $250,000 bond, told The Advocate after Tuesday’s hearing that Tyler probably wouldn’t appeal the bond ruling.
Maughan is no longer on the case, Pearce said. He said he is working with Timothy Yazbeck of New Orleans, who worked with him on the Caddo Parish case.
He said he will also ask for what’s called a preliminary examination. Tyler “hasn’t been indicted, so we get to test the state’s case. It’s a little mini-trial,” Pearce said.
Mystikal, who grew up in New Orleans and now lives in Prairieville, is accused of attacking the woman, taking her keys and holding her against her will, according to an arrest warrant.
“He never threatened her, never choked her,” Pearce said.
Sheriff’s Detective Garrett Keith testified that the woman went to Tyler’s home Saturday night to talk about alleged financial commitments he had made to her.
According to the detective, Tyler’s behavior reportedly changed abruptly after he went into the bathroom and returned: He accused her of stealing cash, choked her and pulled out her hair.
Keith also said she had many cuts and bruises.
“I want to see the actual medical report,” Pearce said.
He said he also will be looking for a protective order that Tyler told him he was granted against the woman about eight years ago. | https://www.pahomepage.com/entertainment-news/lawyer-confident-mystikal-will-be-cleared-on-rape-charge/ | 2022-08-05T13:00:05Z | https://www.pahomepage.com/entertainment-news/lawyer-confident-mystikal-will-be-cleared-on-rape-charge/ | false |
Are you looking to purchase a new camera? Well, Amazon Freedom Sale 2022 gives you a fantastic opportunity to shop for cameras at the lowest possible price. These deals are available on all types of cameras like- Digital, DSLR, Video, and Film cameras. Get all of them at the best price during the Amazon Great Indian Festival. You can click clear photos with the best quality camera. During the editing process, these cameras enable photographers to remove scars, wrinkles, or blemishes in seconds.
Amazon Freedom Sale 2022 On Electronics
Check Out The Best Cameras To Cover Wedding Events
Check out the best camera to cover Wildlife Photography
Check out our top recommendations on Camera:
This camera from Sony can capture amazing pictures with full HD/60p quality. With 27x optical zoom and 54x Clear Image digital zoom, you can get incredibly close.
-
Small and portable size
-
High-definition sensors
-
Still, picture choice
-
In low light, high-quality images
SJCAM SJ4000 WiFi 12MP Full HD WiFi Sports Action Camera
This water-resistant camera from SJCAM allows you to film fascinating water sports with the best clarity. It also supports Wifi and comes with a screen size of 2 inches.
-
Support the wifi feature
-
Various colors are available, and the look is small.
-
Interesting videos are shown on a high-quality screen and are replayed
-
Withstands water
Fujifilm Instax Mini 9 Instant Camera
This stylish and attractive Fujifilm Instant Camera helps in taking brighter pictures. If you wish to click more pics in portrait mode then this one can be the right pick for you. The capacity is up to 100 shots. You can choose among the various color options.
-
Less expensive
-
Gives instant pictures
-
Easy to use
-
Auto power off time
Disclaimer: Jagran's journalists were not involved in the production of this article. The prices mentioned here are subject to change with respect to Amazon. | https://english.jagran.com/today-deals/amazon-deals/amazon-freedom-sale-2022-up-to-70-off-on-cameras-10047010 | 2022-08-05T13:05:04Z | https://english.jagran.com/today-deals/amazon-deals/amazon-freedom-sale-2022-up-to-70-off-on-cameras-10047010 | false |
UNCASVILLE, Conn. (AP) — Following Brittney Griner’s sentencing in Russia to nine years in prison Thursday, WNBA players, coaches and fans locked arms and tried to send the American basketball star strength during a moment of silence.
Before the Connecticut Sun beat the Phoenix Mercury 77-64, players from both teams met at midcourt and silently bowed their heads for 42 seconds — a nod to Griner’s jersey number with the Mercury.
“Nobody wanted to even play today,” said Phoenix guard Skylar Diggins-Smith, who scored 16 points to lead the Mercury. “How are you supposed to approach the game and court with a clear mind? The whole group is crying before the game. You try to honor her and still play hard for her. Regardless of whether she’s here or not. Right now, we still got to try and keep her spirit alive. Honor her spirit.”
The Mercury watched the verdict together in the morning right before the team had its pregame shootaround.
“I mean, it’s like you’re waiting for a bomb to drop watching it, seeing her behind bars,” Mercury guard Diamond DeShields said.
Diggins added that it was “a helpless feeling. It’s heavy.”
“Obviously, it’s devastating,” DeShields said. “You can’t say anything other than that. I know personally, I’m really proud to be part of this group and the way they showed up and came out and played. We approached the game tonight with a heavy heart, as we have every game this season.”
Sun coach Curt Miller wore a “WE ARE BG” t-shirt.
Griner, a two-time U.S. Olympic champion and a eight-time WNBA all-star, was convicted of drug possession and smuggling by Judge Anna Sotnikova.
She was sentenced for nearly a decade in a politically charged case that could lead to a high-stakes prisoner exchange between Washington and Moscow.
Griner showed little emotion to the sentence, but her lawyers said later she was “very upset, very stressed.”
U.S. President Joe Biden denounced as “unacceptable” the verdict and sentence, which came amid soaring tensions between the U.S. and Russia over Ukraine. Griner had told the court she had no intention to break the law by bringing vape cartridges with cannabis oil when she flew to Moscow to play basketball in the city of Yekaterinburg during the WNBA offseason.
While her short-handed WNBA team played without her on the road, Jonquel Jones had 14 points and 10 rebounds and Brionna Jones added 13 points and nine rebounds for the Sun.
Phoenix (13-19) was also without Diana Taurasi, who didn’t play due to a leg injury, for the first time this season.
Courtney Williams scored 11 points and Alyssa Thomas had nine points, 13 rebounds and six assists for Connecticut (22-10). The Sun also beat Phoenix 87-63 on Tuesday.
___
More AP women’s basketball: https://apnews.com/hub/womens-basketball and https://twitter.com/AP_Sports
Diamond
Obviously it’s devasting. You can’t say anything other than that. Proud to be part of this group and the way they showed up and came out and played. We approached the game tonight with a heavy heart as we have every game this season. Devasatating was the overall sentiment.
Waiting for a bomb to drop watching it. Seeing her behind bars.
Skylar:
It’s heavy. You asking me these questions they don’t take away from our trauma. They add to our trauma. We can breakdown and cryin front of you all so you can see how we feel. This is our sister, not some random jane off the street. This is our real life friend and sister.
Nobody wanted to even play today. How are you supposed to approach the game and court with a clear mind. The whole group is crying before teh game you try to honor her and still play hard for her. Regardless of she’s here or not. Right now we still got to try and keep her spirit alive. Honor her spirit. | https://www.pahomepage.com/sports/brittney-griner-recognized-with-wnba-moment-of-silence/ | 2022-08-05T13:07:14Z | https://www.pahomepage.com/sports/brittney-griner-recognized-with-wnba-moment-of-silence/ | false |
NEW YORK (AP) — A judge on Thursday made it likely she’ll rule in weeks rather than months whether NFL Commissioner Roger Goodell gets to decide the merits of racial discrimination claims made by Black coaches against the league and its teams, saying an effort to gather more evidence seems like “an impermissible fishing expedition.”
U.S. District Judge Valerie Caproni said in a written ruling that lawyers for coaches Brian Flores, Steve Wilks and Ray Horton cannot gather additional evidence from defendants to support their arguments that the lawsuit in Manhattan federal court should remain in court rather than be sent to arbitration.
Her ruling makes it likely that a decision on whether to move the case to arbitration or let it remain in Manhattan federal court will be decided in weeks rather than months.
“Because Plaintiffs should know whether they entered into any other contracts or agreements that would affect their agreement to arbitrate, the Court can only assume that they are attempting to embark on an impermissible fishing expedition,” Caproni wrote.
Still, the judge said lawyers for the coaches may well be able to argue that the proposed arbitrator is so biased against them that the motion to compel arbitration should not be granted, but they do not need discovery to do so. In legal cases, “discovery” references evidence such as emails and text messages that lawyers try to get from their opponents to strengthen their arguments.
Flores, who was fired in January as head coach of the Miami Dolphins and is now an assistant coach with the Pittsburgh Steelers, filed the lawsuit in February, saying the league was “rife with racism” even as it publicly condemns it. The other coaches later joined the lawsuit, which sought unspecified damages and class-action status.
The NFL and six of its teams say the lawsuit they maintain is “without merit” is required to go to arbitration, where Goodell would be the arbitrator, according to the terms laid out in employment contracts and the NFL’s constitution.
Caproni wrote that courts have not historically allowed lawyers to gather evidence prior to deciding whether a case is required to go to arbitration.
“An agreement to arbitrate is binding on the parties unless the agreement is invalid under state contract law,” she wrote. “Thus, on a motion to compel arbitration, the Court’s analysis is generally limited to determining whether there is a valid agreement to arbitrate, whether one party has failed to perform its duties under that agreement, and whether the agreement, properly interpreted, encompasses the dispute at hand.”
Attorneys Douglas H. Wigdor and John Elefterakis, representing Flores, said in a statement that they are “confident that we will defeat the efforts of the NFL to move this matter into a private and confidential arbitration behind closed doors.”
“It is obvious that the NFL is trying to hide behind this process and avoid public scrutiny of the racial discrimination and retaliation claims we have brought. If they are confident in their defenses, they should let the process play out in court so the general public can see,” the lawyers said.
In Thursday’s ruling, Caproni instructed lawyers for the coaches to submit written arguments against arbitration by Aug. 19 and told the NFL and its teams to respond by Aug. 26.
Her decision came just days after the NFL released the results of its investigation into allegations by Flores that Dolphins owner Stephen Ross offered $100,000 a game to purposely lose games.
Investigators said the team didn’t intentionally lose and neither Ross nor anyone from the team told Flores to purposely lose. And investigators added that any $100,000-a-game offer “was not intended or taken to be a serious offer.” Investigators also found Ross several times during the season expressed his belief that draft position should take priority over won-loss record.
The NFL suspended Ross and fined him $1.5 million for having impermissible communications with Tom Brady when he was under contract with the New England Patriots and with Sean Payton before he announced his decision to retire as coach of the New Orleans Saints.
In a statement, Ross had called Flores’ allegations “false, malicious and defamatory.”
Lawyers for the NFL and its teams did not immediately respond to messages seeking comment.
___
More AP NFL: https://apnews.com/NFL and https://twitter.com/AP_NFL | https://www.pahomepage.com/sports/judge-shortens-road-to-decide-nfl-racial-discrimination-suit/ | 2022-08-05T13:08:04Z | https://www.pahomepage.com/sports/judge-shortens-road-to-decide-nfl-racial-discrimination-suit/ | true |
MADISON, Wis. (AP) — Republican hopes to reclaim a crucial governor’s seat in swing-state Wisconsin this year long appeared to rest on Rebecca Kleefisch, a former TV news anchor who spent eight years as former Gov. Scott Walker’s heir apparent and vowed to continue his sharply conservative policies. Then a wealthy construction company owner jumped in, dumped $12 million of his own money into the race and won Donald Trump’s backing.
Now Tim Michels is in a competitive race against Kleefisch heading into Tuesday’s primary to decide who will face Democratic Gov. Tony Evers in November.
The contest is part of a deepening proxy fight between Trump and his estranged former vice president, Mike Pence, who has thrown his support to Kleefisch. And it could ultimately have implications for 2024, when Trump has dangled the possibility of another White House bid and has shown his willingness to pressure elected officials, including those in Wisconsin, to overturn election results.
Michels has focused on shaping an outsider candidacy — bolstered by the Trump endorsement — while Kleefisch has embraced her establishment support as evidence that she’s a more reliable GOP choice.
Kleefisch and Michels have both questioned President Joe Biden’s victory over Trump in Wisconsin in 2020 — an outcome that has withstood recounts, lawsuits and reviews — but neither has taken up Trump’s pressure campaign to have those results decertified.
Kleefisch has called the 2020 election “rigged” but said she won’t consider decertification because “it’s not constitutionally possible.” Michels initially called decertifying Biden’s 2020 win in Wisconsin “not a priority” and then later said “everything will be on the table.”
Both Michels and Kleefisch want to do away with the current bipartisan commission that runs elections in the state.
A third Republican candidate for governor, state Rep. Tim Ramthun, has repeatedly called for decertification and made it the centerpiece of his longshot campaign.
Biden’s win in Wisconsin has withstood two partial recounts, numerous lawsuits, a nonpartisan audit and a review by a conservative law firm. Republican legislative leaders have repeatedly said decertification is impossible.
Kleefisch has racked up support not only from Pence, but also her former boss Walker, Texas Sen. Ted Cruz, GOP leaders of the Legislature, 56 lawmakers, the state chamber of commerce, the Tavern League and a majority of the state’s county sheriffs.
“I am the one who is tested and proven and ready to go,” Kleefisch said after Pence touted her at a stop in suburban Milwaukee on Wednesday. “I am the one who has won statewide four times.”
Michels claims that he is “not a politician,” but he’s been a power player largely behind the scenes for decades and previously ran for U.S. Senate in 2004, losing to then-Sen. Russ Feingold. He’s been a regular donor to Republicans, including both Walker and Kleefisch.
“People want an outsider, people want a veteran, people want a businessman,” Michels said in a candidate debate.
Wisconsin is the third state where Pence and Trump have been on opposite sides in governor’s races that highlighted deep divisions about the GOP’s future. In Georgia, Pence-backed Gov. Brian Kemp thumped Trump’s choice, former Sen. David Perdue, by more than 50 percentage points. In Arizona’s governor primary, Trump-backed former TV news anchor Kari Lake and Pence-backed businesswoman Karrin Taylor Robson were in a race that was too early to call on Thursday.
The territory that drew Pence and Kleefisch on Wednesday is the heart of Republican Wisconsin and home to the key suburban Milwaukee voters who will likely decide the fall election. It’s also Kleefisch’s home turf. Trump, whose support in the area declined from 2016 to 2020, planned his Friday rally for Michels just three miles from where Pence came for Kleefisch.
“There is no candidate for governor in America who is more capable, more experienced, or a more proven conservative than Rebecca Kleefisch,” Pence said in touting Kleefisch without mentioning Trump or Michels.
Kleefisch is a former Milwaukee television news anchor and teenage beauty pageant contestant who got into politics in 2010 and won a five-way primary for lieutenant governor. After Evers beat Walker in 2018, Kleefisch started laying the groundwork for her own run.
She has reminded Republicans about the fights she went through with Walker, when his proposal effectively ending collective bargaining led to massive protests in 2011 and eventually a failed attempt to recall both him and Kleefisch from office. This cycle, she has focused on issues like instituting a flat income tax, expanding school choice programs and investing more in law enforcement.
Michels co-owns the state’s largest construction company, Michels Corp., along with his brothers, and has spent nearly $1 million a week of his own money since getting into the race. Though he uses the Trump endorsement as evidence of his outsider status, he’s also backed by Wisconsin’s ultimate Republican political insider — four-term former Gov. Tommy Thompson, who briefly flirted with his own run.
Michels has stumbled at times.
He flip-flopped this week when asked whether he would back a Trump run in 2024, first refusing to say, then 24 hours later saying he would back Trump for president. At an earlier debate, he didn’t appear to know what DACA — Deferred Action for Childhood Arrivals, a highly contentious immigration program — stood for. And he’s faced criticism for purchasing $30 million in properties in New York and Connecticut between 2015 and 2020 and splitting time between Wisconsin and the East Coast, where his children attended and graduated from high school.
Michels’ positions on the boards of various transportation-related industry groups have caused him some heartburn, with Kleefisch seeking to tie him to those groups’ past support for raising the state gas tax. Michels says he opposes an increase.
He is also running ads taking a strong anti-immigrant position, even though he headed the board of directors of a transportation group that opposed an anti-immigrant bill that would have prevented companies that employ “illegal aliens” from getting state contracts.
While the Republicans battle, Evers has raised more than $11 million this year and is casting himself as the only block against Republicans who want to overhaul elections for the 2024 presidential campaign and keep in place an 1849 state law banning abortions. Both Kleefisch and Michels support the ban and the law, which is being challenged in court by Democratic Attorney General Josh Kaul.
“I have a good record,” Evers said, highlighting the state’s 2.8% unemployment rate, increased funding for public schools, expanded rural broadband access, emphasis on repairing roads and a 15% cut in income taxes. “Let them bring it on.” | https://www.kark.com/news/politics/ap-politics/trump-ally-takes-on-walker-protege-in-wis-governors-race/ | 2022-08-05T13:09:25Z | https://www.kark.com/news/politics/ap-politics/trump-ally-takes-on-walker-protege-in-wis-governors-race/ | true |
NORTHBROOK, Ill., Aug. 5, 2022 /PRNewswire/ -- Hilco Real Estate, LLC announces the bid deadline of Tuesday, September 6, 2022 for El Rancho restaurant, an iconic, rustic pub and brewery in Evergreen, CO. Located in the heart of the Rocky Mountains, the 21,900± square foot building has plenty of space and ample parking for a variety of possible future uses, including hospitality, retail and residential redevelopments. An on-site inspection for all interested parties is scheduled for Thursday, August 25.
Originally built in 1948, El Rancho restaurant is among the largest and oldest existing restaurants in the Rocky Mountains. Fully remodeled in 2015, the building features seating for nearly 550 guests between the main dining area, private dining area, banquet rooms and patio space. The space comprises 11,000± SF on the main level, 4,300± SF on the second floor and 6,500± SF on the lower level. Set on 4.4 acres, the property sits immediately off I- 70 at the intersection of U.S. 40 and Evergreen Parkway. With a backdrop of evergreen trees, the property offers commanding views of the Continental Divide and the snow-capped peaks of the Rockies from most windows, patios and decks.
The surrounding area serves as the retail hub of the city, featuring numerous, national businesses nearby, including Walmart, The Home Depot, Starbucks, McDonald's, Comfort Suites and others. The property includes undeveloped acreage with 12 unused prepaid water taps, making it ideal for future development or outdoor event space. All furniture, fixtures and brewery equipment are also included in the sale.
A city of approximately 9,300 residents, Evergreen sits at an elevation of 7,200 feet and is located a scenic 28 miles west of downtown Denver. The small city offers an array of parks, art galleries, theaters, restaurants, entertainment and recreation options. Evergreen is also among Colorado's most affluent communities, ranking 16th by the Denver Business Journal for the percentage of households with incomes of $150,000 or more, putting it ahead of communities like Aspen (17th), Snowmass Village (26th) and Vail (32nd). The desire to live closer to outdoor amenities and the recent popularity of remote work has led to a surge in population growth over recent years. The community has a strong focus in the arts, with galleries lining the downtown streets between quaint shops and local eateries. Several craft, art and music events are also held in the area annually. Evergreen features eight open space parks comprising thousands of acres with hiking, mountain biking and equestrian trails. Fly fishing for trout can be enjoyed in Bear Creek that flows through the center of town. World class ski resorts like Winter Park, Breckenridge, Keystone, Vail, and Copper are all within one to one and a half hours away as well. The area boasts a mountain-town feel with all the amenities of Denver well within reach.
Steve Madura, senior vice president at Hilco Real Estate, stated, "This property could not be better located to take advantage of interstate access, vehicular visibility, proximity to Denver and some of the most spectacular views of the Rocky Mountains available. Whether continued use as a restaurant or event venue, or a total reimagining of this parcel, the sale represents an amazing opportunity to acquire prime land in an area that should see continued demand and desirability."
The bid deadline is scheduled for Tuesday, September 6, 2022. Bids must be delivered to the offices of Hilco Real Estate on or before 5:00 p.m. (EST) on the day of the deadline to be considered. Interested buyers should review the detailed sale terms for requirements in order to participate in the sale process available on Hilco's website. Offers may be submitted via mail to the following address: Hilco Real Estate, 5 Revere Drive, Suite 410, Northbrook, IL 60062, or via email to smadura@hilcoglobal.com.
An on-site inspection will be held on Thursday, August 25. For more information regarding the sale process or to schedule an on-site appointment, please contact Jiovanny Restrepo at (847) 386-2282 or jrestrepo@hilcoglobal.com or Steve Madura at (847) 504-2478 or smadura@hilcoglobal.com.
For further information on the properties, an explanation of the sale process or to obtain access to property due diligence documents, please visit HilcoRealEstate.com or call (855) 755-2300.
Hilco Real Estate ("HRE"), a Hilco Global company (HilcoGlobal.com), is headquartered in Northbrook, Illinois (USA). HRE is a national provider of strategic real estate disposition services. Acting as an agent or principal, HRE uses its experience to advise and execute strategies to assist clients in deriving the maximum value from their real estate assets. By leveraging multi-faceted sales strategies and techniques, aggressive repositioning and restructuring experience, a vast and motivated network of buyers and sellers, and substantial access to capital, HRE exceeds expectations even in the most complex transactions.
View original content to download multimedia:
SOURCE Hilco Real Estate | https://www.kfyrtv.com/prnewswire/2022/08/05/hilco-real-estate-announces-sale-this-21885-sf-restaurant-439-evergreen-colorado/ | 2022-08-05T13:09:42Z | https://www.kfyrtv.com/prnewswire/2022/08/05/hilco-real-estate-announces-sale-this-21885-sf-restaurant-439-evergreen-colorado/ | false |
DoorDash on Thursday said it received a record number of customer orders in the second quarter, boosted by resilient demand and its acquisition of Finnish delivery service Wolt Enterprises.
DoorDash said orders grew 23% to 426 million in the April-June period, surpassing Wall Street’s expectations. Analysts polled by FactSet forecast total orders of 419 million. The delivery company’s gross order volume jumped 25% to $13 billion, also beating expectations.
Based on the strong results, San Francisco-based DoorDash raised its full-year order forecast. The company now expects gross order volumes between $51 billion and $53 billion, up from the $49 billion to $51 billion range it forecast earlier this year.
DoorDash shares jumped 13.5% in after-hours trading.
DoorDash said its net loss for the quarter more than doubled to $263 million as it closed the $8.1 billion acquisition of Wolt. The company said stock-based compensation costs and increased headcounts hurt profits. Wolt has around 6,000 employees.
The company lost 72 cents per share in the April-June period, compared to a 30-cent per share loss in the same period a year ago. That was far larger than the 21-cent per share loss Wall Street expected.
DoorDash said it hasn’t seen much negative impact from inflation. Consumers added slightly fewer items per order in response to higher prices at restaurants and other retailers. But the company also gained customers during the quarter.
DoorDash CEO Tony Xu said DoorDash’s growth __ it has added 80,000 stores to its platform over the last year __ is one reason sales continue to grow even as consumers pull back on some spending. Xu said history also shows that food spending rarely declines due to economic conditions.
“It is less of a discretionary spend relative to other categories of spend,” Xu said Thursday during a conference call with investors.
The company also hit an all-time high for DashPass members, indicating users are seeking more affordable options. DashPass members get free delivery on most orders; the membership costs $59 in the first year and $96 annually after that.
DoorDash didn’t provide an update Thursday on the number of DashPass members it has. But it has previously said that the number tops 10 million.
DoorDash also said it also gained drivers during the quarter and was able to retain them with benefits like gas-cost relief and mileage-based bonuses. DoorDash said it spent $40 million on those benefits during the quarter.
DoorDash said high inflation is likely causing more people to consider gig work for extra cash. The typical DoorDash driver makes deliveries for just four hours per week; 90% work under 10 hours per week.
The company said its full-year outlook anticipates softer consumer spending in the second half of this year. DoorDash could also potentially lose customers to rival Grubhub, which recently combined with Amazon to offer free delivery for a year.
DoorDash announced in November its plan to buy Wolt, which operates in 22 countries where DoorDash has no presence, including Germany, Sweden, Hungary and Israel. | https://cw33.com/business/ap-business/doordash-sees-record-orders-in-q2-as-it-combines-with-wolt/ | 2022-08-05T13:10:45Z | https://cw33.com/business/ap-business/doordash-sees-record-orders-in-q2-as-it-combines-with-wolt/ | false |
Subsets and Splits
No community queries yet
The top public SQL queries from the community will appear here once available.