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WFO LOS ANGELES Warnings, Watches and Advisories for Thursday, July 21, 2022
_____
HIGH SURF ADVISORY
Coastal Hazard Message
National Weather Service Los Angeles/Oxnard CA
206 PM PDT Wed Jul 20 2022
...HIGH SURF ADVISORY REMAINS IN EFFECT UNTIL 11 AM PDT
THURSDAY...
* WHAT...Large breaking waves of 4 to 7 feet with dangerous rip
currents. Highest south-facing beaches.
* WHERE...Ventura County Beaches.
* WHEN...Until 11 AM PDT Thursday.
* IMPACTS...There is an increased risk for ocean drowning. Rip
currents can pull swimmers and surfers out to sea. Large
breaking waves can cause injury, wash people off beaches and
rocks, and capsize small boats near shore.
PRECAUTIONARY/PREPAREDNESS ACTIONS...
Remain out of the water due to dangerous surf conditions, or stay
near occupied lifeguard towers. Rock jetties can be deadly in
such conditions, stay off the rocks.
* WHERE...Catalina and Santa Barbara Islands, Malibu Coast and
Los Angeles County Beaches.
_____
Copyright 2022 AccuWeather | https://www.chron.com/weather/article/CA-WFO-LOS-ANGELES-Warnings-Watches-and-17318089.php | 2022-07-20T22:03:39 | en | 0.866803 |
LEXINGTON, Ky., July 20, 2022 /PRNewswire/ -- Valvoline Inc. (NYSE: VVV) today announced that its board of directors declared a quarterly cash dividend of $0.125 per share of Valvoline common stock. The dividend is payable on Sep. 15, 2022, to shareholders of record as of the close of business on Aug. 31, 2022.
About ValvolineTM
Valvoline Inc. (NYSE: VVV) is a global leader in vehicle care powering the future of mobility through innovative services and products for vehicles with electric, hybrid and internal combustion powertrains. Established in 1866, the Company introduced the world's first branded motor oil and developed strong brand recognition and customer satisfaction ratings over the years across multiple service and product channels. The Company operates and franchises approximately 1,600 service center locations and is the No. 2 and No. 3 largest chain in the U.S. and Canada, respectively, by number of stores. With sales in more than 140 countries and territories, Valvoline's solutions are available for every engine and drivetrain, including high-mileage and heavy-duty vehicles, and are offered at more than 80,000 locations worldwide. Creating the next generation of advanced automotive solutions, Valvoline has established itself as the world's leading supplier of battery fluids to electric vehicle manufacturers, offering tailored products to help extend vehicle range and efficiency. To learn more, or to find a Valvoline service center near you, visit valvoline.com.
TM Trademark, Valvoline or its subsidiaries, registered in various countries
FOR FURTHER INFORMATION
Investor Relations
Sean T. Cornett
+1 (859) 357-3155
[email protected]
Media Relations
Michele Gaither Sparks
+1 (859) 230-8097
[email protected]
SOURCE Valvoline Inc. | https://www.prnewswire.com/news-releases/valvoline-declares-quarterly-dividend-301590508.html | 2022-07-20T22:03:40 | en | 0.925632 |
Matching Top Physicians, Dentists, and Advanced Practice Professionals With The Best Healthcare Employers
CONCORD, Calif., July 20, 2022 /PRNewswire/ -- TheraEx Staffing Services, a leading name in healthcare staffing solutions, is pleased to announce the launch of its new sister company, TheraEx Locums. The new division will offer a full range of staffing services for healthcare providers and Locum Tenens Physicians and Advanced Practice professionals throughout the U.S.
The employment of Locum Tenens services is increasing as the demand for Physicians and Advanced Practice professionals accelerates. Locum Tenens staffing agencies provide long-term clinical support for hard-to-find physician roles and offer talent to fill short-term staffing gaps caused by vacation or illness.
As a partner to both clinicians and healthcare facilities nationwide, TheraEx Locums has a best-in-class team that delivers 24/7 support and personalized amenities to ease the burden of Locums. From full-service surgical centers to private medical clinics and everything in between, these facilities need the right clinicians in the right roles to ensure positive patient outcomes.
"TheraEx Locums focuses on one thing: Locum Tenens staffing. Our goal is to serve medical facilities such as inpatient and outpatient clinics, surgery centers, private practices, and more by providing world-class healthcare staffing services. Our mission is to do it while upholding our core values of customer service, honesty, and transparency."
Whether you are a seasoned healthcare professional or just starting in the Locum Tenens job market, TheraEx Locums has the Locum Tenens experience and resources to find you the perfect Locum Tenens job opportunity; quickly and efficiently.
To learn more about TheraEx Locums, please visit: https://www.theraexlocums.com/
About TheraEx Locums
TheraEx Locums is a medical staffing agency dedicated to matching experienced healthcare professionals with top medical facilities. The Locum Tenens teams are strategically matched to some of the leading facilities in the country, bridging the gap between demand and top-tier medical care. Providers and Advanced Practice Professionals in the network can earn extra income and participate in meaningful work that matters. Founded in 2022 by Rey Rivera, President, and Crystal White, Director of Operations, TheraEx Locums is transforming the medical workforce from the inside out.
Website: https://www.theraexlocums.com/
Facebook: https://www.facebook.com/TheraExLocums
Instagram: https://www.instagram.com/theraex_locums/
Twitter: https://twitter.com/TheraExLocums
For more information or press inquiries, please contact Rey Rivera, President, or Crystal White, Director of Operations at (866) 440-2445.
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SOURCE TheraEx Locums | https://www.wlbt.com/prnewswire/2022/07/20/theraex-staffing-services-announces-launch-its-new-sister-company-theraex-locums/ | 2022-07-20T22:03:43 | en | 0.907134 |
You need to enable JavaScript to run this app. | https://sportspyder.com/nfl/san-francisco-49ers/articles/40134235 | 2022-07-20T22:03:45 | en | 0.738227 |
WFO PHOENIX Warnings, Watches and Advisories for Friday, July 22, 2022
_____
EXCESSIVE HEAT WARNING
URGENT - WEATHER MESSAGE
National Weather Service Phoenix AZ
128 PM MST Wed Jul 20 2022
...EXCESSIVE HEAT WARNING REMAINS IN EFFECT FROM 11 AM MST /11 AM
PDT/ THURSDAY TO 8 PM MST /8 PM PDT/ FRIDAY...
* WHAT...Dangerously hot conditions. Afternoon temperatures 111
to 116 degrees.
* WHERE...In Arizona, Parker Valley. In California, Imperial
Valley and Palo Verde Valley.
* WHEN...From 11 AM MST /11 AM PDT/ Thursday to 8 PM MST /8 PM
PDT/ Friday.
* IMPACTS...High Heat Risk. Overexposure can cause heat cramps
and heat exhaustion to develop and, without intervention, can
lead to heat stroke.
PRECAUTIONARY/PREPAREDNESS ACTIONS...
An Excessive Heat Warning means that a period of very hot
temperatures, even by local standards, will occur. Actions should
be taken to lessen the impact of the extreme heat.
Stay indoors and seek air-conditioned buildings. Drink water,
more than usual, and avoid dehydrating alcoholic, sugary, or
caffeinated drinks. Dress for the heat - lightweight and light-
colored clothing. Eat small meals and eat more often. Monitor
those with a higher vulnerability to heat, including small
children. Check in on family, friends, and neighbors, especially
the elderly. If engaging in outdoor activity, take longer and
more frequent breaks and avoid the hottest parts of the day.
Never leave kids or pets unattended in cars.
Public cooling shelters are available in some areas. Consult
county officials for more details, which may include guidance for
proper social distancing measures.
Recognize the signs and symptoms of heat-related illness. Early
signs include thirst and muscle cramps. Heat exhaustion may
include: cool, moist, pale skin; headache; dizziness; weakness or
exhaustion; nausea. The most serious illness is heat stroke,
which may include: vomiting; confusion; throbbing headache;
decreased alertness or loss of consciousness; high body
temperature (above 105F); hot, dry skin; rapid, weak pulse;
rapid, shallow breathing; seizures.
Heat stroke can be DEADLY. Treat as an emergency and call 9 1 1.
Continue to monitor NWS forecasts, broadcast outlets, and local
government for updates.
...EXCESSIVE HEAT WARNING IN EFFECT FROM 11 AM MST /11 AM PDT/
THURSDAY TO 8 PM MST /8 PM PDT/ FRIDAY...
* WHAT...Dangerously hot conditions. Afternoon temperatures 110
* WHERE...In Arizona, Yuma. In California, Chuckwalla Mountains,
Southeastern Imperial County and Chiriaco Summit.
* WHEN...From 11 AM Thursday to 8 PM MST Friday.
_____
Copyright 2022 AccuWeather | https://www.chron.com/weather/article/CA-WFO-PHOENIX-Warnings-Watches-and-Advisories-17317974.php | 2022-07-20T22:03:45 | en | 0.880306 |
Wilentz, Goldman & Spitzer Elects Angelo J. Cifaldi as President and Managing Director
WOODBRIDGE, N.J., July 20, 2022 /PRNewswire/ -- Wilentz, Goldman & Spitzer, P.A. is pleased to announce Angelo J. Cifaldi has been elected as the President and Managing Director of the century-old law firm.
"I am honored to be elected as the next President and Managing Director of Wilentz, I look forward to serve and lead our client-focused Firm, and to continue to uphold the legal profession's highest values," said Cifaldi. He added, "I am committed to the Firm's success, and delivering quality service to our clients."
Cifaldi succeeds Lisa A. Gorab, who served in the role since January 2021. Brian Molloy, current Chairman of the Board, said, "Angelo's unyielding dedication to prioritizing the Firm's best interest through his years of service on numerous Firm committees, including the Management Committee, has positioned him well for his new role."
"As we look to the future, we are confident that Angelo is the right person to lead Wilentz and carry on our long legacy of providing the highest level of service and support to our clients, employees, and community," added Molloy.
Over the past 38 years at Wilentz, Cifaldi has served in several senior leadership capacities, including as a member of the Management Committee and as Co-Chair of the Mass Tort/Class Action and Cannabis Law groups. He most recently served as Assistant Managing Director, where he played a leading role in directing the Firm's operations and response during the COVID-19 public health emergency. "The manner in which Boards directed their organization during the peak of the pandemic was a critical factor in the ability to emerge from the crisis. At Wilentz, we have pushed forward into this new era and continue to support all of our clients' needs," said Cifaldi.
Wilentz, Goldman & Spitzer, P.A. is one of the largest and most successful law firms in New Jersey, offering legal services to corporate, individual and governmental clients in almost every area of the practice of law. Wilentz lawyers have practiced at the forefront of landmark cases, regulatory matters and high-profile transactions since its founding by David T. Wilentz. The firm is based in Woodbridge and has offices in Eatontown, Newark, Red Bank, New York City and Philadelphia. For more information about Wilentz, visit www.wilentz.com.
Contact: Timothy P. Carr, 732.855.6030 | [email protected]
SOURCE Wilentz, Goldman & Spitzer, P.A. | https://www.prnewswire.com/news-releases/wilentz-goldman--spitzer-elects-angelo-j-cifaldi-as-president-and-managing-director-301590497.html | 2022-07-20T22:03:46 | en | 0.9696 |
PORTLAND, Ore., July 20, 2022 /PRNewswire/ -- Umpqua Holdings Corporation (NASDAQ: UMPQ) today announced that its Board of Directors has approved a quarterly cash dividend in the amount of $0.21 per common share. The dividend is payable on August 15, 2022, to shareholders of record as of August 1, 2022.
About Umpqua Holdings Corporation
Umpqua Holdings Corporation (NASDAQ: UMPQ) headquartered in Portland, Oregon, is the parent company of Umpqua Bank, an Oregon-based regional bank with locations across Oregon, Washington, California, Idaho and Nevada. Umpqua Bank has been recognized for its innovative customer experience and banking strategy by national publications including The Wall Street Journal, The New York Times, BusinessWeek, Fast Company and CNBC. The company was named #1 in Customer Satisfaction for the Northwest Region in the J.D. Power 2021 U.S. Retail Banking Satisfaction StudySM, and Forbes consistently ranks Umpqua as one of America's Best Banks. The Portland Business Journal has also recognized Umpqua as the Most Admired Financial Services Company in Oregon for seventeen consecutive years. In addition to its retail and commercial banking presence, Umpqua Bank owns Financial Pacific Leasing, Inc., a nationally recognized commercial finance company that provides equipment leases to businesses. For more information, visit umpquabank.com.
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SOURCE Umpqua Holdings Corporation | https://www.wlbt.com/prnewswire/2022/07/20/umpqua-holdings-announces-021-per-common-share-dividend/ | 2022-07-20T22:03:49 | en | 0.935827 |
You need to enable JavaScript to run this app. | https://sportspyder.com/nfl/san-francisco-49ers/articles/40134242 | 2022-07-20T22:03:51 | en | 0.738227 |
WFO SAN DIEGO Warnings, Watches and Advisories for Friday, July 22, 2022
_____
EXCESSIVE HEAT WARNING
URGENT - WEATHER MESSAGE
National Weather Service SAN DIEGO CA
200 PM PDT Wed Jul 20 2022
...EXCESSIVE HEAT WARNING REMAINS IN EFFECT FROM 11 AM THURSDAY
TO 8 PM PDT FRIDAY...
* WHAT...Dangerously hot conditions with temperatures up to 116
expected.
* WHERE...Coachella Valley and San Diego County Deserts.
* WHEN...From 11 AM Thursday to 8 PM PDT Friday.
* IMPACTS...Extreme heat will significantly increase the
potential for heat related illnesses, particularly for those
working or participating in outdoor activities.
* ADDITIONAL DETAILS...Nights will be quite warm with low
temperatures in the 80s and lower 90s.
PRECAUTIONARY/PREPAREDNESS ACTIONS...
Drink plenty of fluids, stay in an air-conditioned room, stay out
of the sun, and check up on relatives and neighbors. Young
children and pets should never be left unattended in vehicles
under any circumstances.
Take extra precautions if you work or spend time outside. When
possible reschedule strenuous activities to early morning or
evening. Know the signs and symptoms of heat exhaustion and heat
stroke. Wear lightweight and loose fitting clothing when
possible. To reduce risk during outdoor work, the Occupational
Safety and Health Administration recommends scheduling frequent
rest breaks in shaded or air conditioned environments. Anyone
overcome by heat should be moved to a cool and shaded location.
Heat stroke is an emergency! Call 9 1 1.
* WHAT...Dangerously hot conditions with temperatures up to 112
* WHERE...San Gorgonio Pass Near Banning.
* ADDITIONAL DETAILS...High temperatures will be hottest and
nights warmest in the northern Coachella Valley.
_____
Copyright 2022 AccuWeather | https://www.chron.com/weather/article/CA-WFO-SAN-DIEGO-Warnings-Watches-and-Advisories-17318082.php | 2022-07-20T22:03:51 | en | 0.881805 |
ZyVersa Therapeutics to Become a Publicly Traded Biopharma Company via Merger with Larkspur Health Acquisition Corp.
- ZyVersa is a clinical stage biopharmaceutical company developing first-in-class product candidates to address significant unmet medical needs of patients with renal and inflammatory diseases
- Lead renal product candidate, phase 2a-ready VAR 200, mediates removal of excess intracellular lipids that contribute to kidney damage leading to end-stage renal disease
- Lead anti-inflammatory product candidate, inflammasome ASC inhibitor (IC 100), blocks initiation and perpetuation of damaging inflammation that's pathogenic in a multitude of inflammatory diseases
- Transaction proceeds will advance clinical evaluation of VAR 200 and progress IC 100 into the clinic
- Combined company to have an implied initial enterprise value of approximately $108.92 Million, and the transaction is expected to deliver cash proceeds of around $83.12 Million to ZyVersa (assuming no redemptions) to fund ZyVersa's clinical development programs
- Transaction expected to be completed in fourth quarter of 2022; combined company expected to be listed on NASDAQ under ticker "ZVSA"
WESTON, Fla. and BRIDGEWATER, N.J., July 20, 2022 /PRNewswire/ -- ZyVersa Therapeutics, Inc. ("ZyVersa"), a clinical stage specialty biopharmaceutical company leveraging advanced, proprietary technologies to develop product candidates that address unmet medical needs in the areas of renal and inflammatory diseases, and Larkspur Health Acquisition Corp. (NASDAQ: LSPR or "Larkspur"), a blank-check special purpose acquisition company, announced today that they have entered into a definitive business combination agreement (the "Business Combination Agreement"). The business combination transaction is expected to provide ZyVersa with access to the public equity market, which the parties believe will escalate development of ZyVersa's renal and inflammasome product candidate pipelines. Upon the business combination transaction closing, which is expected to occur in the fourth quarter of 2022, the combined company is expected to be named ZyVersa Therapeutics, Inc., which will continue to operate under the ZyVersa management team, led by Stephen C. Glover, Co-Founder, Chief Executive Officer, and Chairman. The combined company's common stock is anticipated to be listed on NASDAQ under ticker symbol "ZVSA."
"We are delighted to partner with Larkspur in this business combination. Their management and board have vast experience as investors and operating executives in the biopharmaceutical industry," stated Mr. Glover. "This merger and entry into the public markets will enable us to escalate development of our pipeline drug candidates for targeted patients with renal and inflammatory diseases, who have the need for disease-modifying drugs that are well tolerated and safe. We believe our drug candidates in development for these patients have potential to meet these needs and help drive improved health outcomes," added Mr. Glover.
"ZyVersa's management team has deep scientific and operational experience, and the company has two exciting assets, IC 100 for inflammatory diseases and VAR 200 for renal diseases," said Daniel J. O'Connor, Chairman and Chief Executive Officer of Larkspur. "IC 100, an inflammasome ASC inhibitor, blocks upstream intracellular initiation of the inflammatory cascade and extracellular perpetuation of inflammation, leading to potential for application in numerous, diverse inflammatory conditions. VAR 200, 2-hydroxypropyl-beta-cyclodextrin, is a cholesterol efflux mediator intended to reduce renal lipid accumulation that contributes to glomerular diseases and their progression. VAR 200's lead indication is orphan focal segmental glomerulosclerosis. It also has potential to treat orphan Alport syndrome and diabetic kidney disease. ZyVersa's CEO, Mr. Glover has co-founded and led multiple biopharma companies. Prior to co-founding ZyVersa, he was Co-founder and Chief Business Officer of Coherus BioSciences, a late-stage commercial biologics platform company focused on delivering biosimilar therapeutics which went public in 2014. Previously, Mr. Glover was President of Insmed Therapeutic Proteins and EVP and Chief Business Officer of Insmed Incorporated, where he was responsible for creating the company's biosimilar business unit and divestiture of that business to Merck. He also led the strategic review process that resulted in the merger of Insmed and Transave," added Mr. O'Connor. "Mr. Glover clearly excels in licensing, M&A, raising capital, and taking companies public. His current management team consists of successful leaders in drug development, manufacturing, and commercialization from his prior companies. We believe that ZyVersa is well positioned to create significant value for stockholders," concluded Mr. O'Connor.
The combined company will have an estimated pro forma enterprise valuation of approximately $108.92 million. Cash proceeds from the transactions contemplated by the Business Combination Agreement (the "Transactions") are expected to consist of up to approximately $77.67 million of cash held in Larkspur's trust account (before any redemptions by Larkspur's public stockholders and the payment of certain expenses) and approximately $7.00 million attributable to a private investment anchored by new institutional investors (the "PIPE Investment"). Proceeds from the PIPE Investment are expected to be used as working capital and to advance the clinical evaluation of VAR 200 and progress IC 100 into the clinic. The PIPE Investment expected to close in connection with the business combination is conditioned upon ZyVersa obtaining an additional interim financing, and also subject to the satisfaction of other customary closing conditions and a NASDAQ listing. After the closing of the Transactions and assuming no redemptions by Larkspur's public stockholders, existing ZyVersa shareholders will retain 100% of their equity ownership and will own approximately 44.20% of the pro forma combined company.
The Transactions, which have been unanimously approved by the boards of directors of both ZyVersa and Larkspur, are subject to, among other customary closing conditions, approval by shareholders of Larkspur, and shareholders of ZyVersa.
A more detailed description of the transaction terms and a copy of the Business Combination Agreement and the definitive documents governing the PIPE Investment will be included in a current report on Form 8-K to be filed with the U.S. Securities and Exchange Commission (the "SEC") by Larkspur. Larkspur will also file a registration statement (which will be a combined proxy statement and prospectus) with the SEC in connection with the Transactions.
The Benchmark Company LLC and Noble Capital Markets, Inc. are serving as financial advisors to ZyVersa, and Lowenstein Sandler LLP is serving as legal advisor to ZyVersa. A.G.P./Alliance Global Partners, to which Manatt, Phelps & Phillips, LLP is serving as legal advisor, is serving as the exclusive financial advisor to Larkspur. Alston & Bird LLP is serving as legal advisor to Larkspur.
ZyVersa is a clinical stage specialty biopharmaceutical company leveraging advanced, proprietary technologies to develop product candidates that address unmet medical needs in the areas of renal and inflammatory diseases. ZyVersa's development pipeline includes phase 2a ready VAR 200, a cholesterol efflux mediator for treatment of rare kidney disease, focal segmental glomerulosclerosis. ZyVersa believes VAR 200 has the potential to treat other glomerular diseases, including Alport Syndrome and Diabetic Kidney Disease. ZyVersa's development pipeline also includes IC 100, a novel inflammasome ASC inhibitor being developed to treat a multitude of inflammatory diseases. For more information, please visit www.zyversa.com.
Larkspur is a Special Purpose Acquisition Company (SPAC) formed to identify a biopharmaceutical company that can develop and thrive as a newly formed public company and benefit from Larkspur's operational expertise and a significant infusion of capital. Each of Larkspur's management team and board of directors have been former management and executive leadership of private and public biopharmaceutical companies and have over 50+ years of aggregate investment and operational experiences. The team strongly believes in the growth opportunities in the biotechnology industry. They are experienced operators who seek to partner with top innovators and thinkers in the biopharmaceutical field. As operators, their entrepreneurial approach enables support for management teams in making impactful decisions with an eye toward growth and operational excellence. For more information, please visit www.lsprhealth.com.
In connection with the transactions described herein, Larkspur intends to file a registration statement on Form S-4 that will include a proxy statement with respect to the stockholder meeting of Larkspur and a prospectus with respect to securities of the combined company. After the registration statement is declared effective by the SEC, the proxy statement/prospectus will be sent to all Larkspur and ZyVersa stockholders. Larkspur will also file other documents regarding the proposed business combination with the SEC. BEFORE MAKING ANY VOTING DECISION, INVESTORS AND SECURITIES HOLDERS OF LARKSPUR AND ZYVERSA ARE URGED TO READ THE PROXY STATEMENT/PROSPECTUS AND ALL OTHER RELEVANT DOCUMENTS FILED OR THAT WILL BE FILED WITH THE SEC IN CONNECTION WITH THE PROPOSED BUSINESS COMBINATION AS THEY BECOME AVAILABLE SINCE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT THE PROPOSED BUSINESS COMBINATION AND THE PARTIES TO THE PROPOSED BUSINESS COMBINATION.
Investors and securities holders will be able to obtain free copies of the proxy statement/prospectus and all other relevant documents filed or that will be filed with the SEC by Larkspur through the website maintained by the SEC at https://sec.gov/. In addition, the documents filed by Larkspur may be obtained free of charge from Larkspur's website at www.lsprhealth.com or by written request to [email protected]. Additional information about the proposed transaction, including a copy of the business combination agreement and investor presentation, will be provided in a Current Report on Form 8-K to be filed by Larkspur with the SEC which can be accessed at www.sec.gov as well as online at www.lsprhealth.com.
Larkspur, ZyVersa, and their respective directors and executive officers may be deemed to be participants in the solicitation of proxies from Larkspur's stockholders in connection with the proposed transaction. Information about Larkspur's directors and executive officers and their ownership of Larkspur's securities is set forth in Larkspur's Annual Report on Form 10-K for the year ended December 31, 2021 filed with the SEC, as modified or supplemented by any Form 3 or Form 4 filed with the SEC since the date of such filing. Other information regarding the interests of the participants in the proxy solicitation will be included in the proxy statement/prospectus pertaining to the proposed Transactions when it becomes available. These documents can be obtained free of charge from the sources indicated above.
This communication does not constitute an offer to sell or the solicitation of an offer to buy any securities or a solicitation of any vote or approval, nor shall there be any sale of any securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of such other jurisdiction.
This press release contains certain forward-looking statements within the meaning of the federal securities laws with respect to the proposed transaction between Larkspur Health Acquisition Corp. ("Larkspur"), and ZyVersa Therapeutics, Inc ("ZyVersa"). All statements other than statements of historical facts contained in this press release, including statements regarding Larkspur or ZyVersa's future results of operations and financial position, the amount of cash expected to be available to ZyVersa after the closing and giving effect to any redemptions by Larkspur's stockholders, ZyVersa's business strategy, prospective product candidates, product approvals, research and development costs, timing and likelihood of success, plans and objectives of management for future operations, future results of current and anticipated product candidates, and expected use of proceeds, are forward-looking statements. These forward-looking statements generally are identified by the words "believe," "project," "expect," "anticipate," "estimate," "intend," "strategy," "future," "opportunity," "plan," "may," "should," "will," "would," "will be," "will continue," "will likely result," and similar expressions. These forward-looking statements are subject to a number of risks, uncertainties and assumptions, including, but not limited to, the following risks relating to the proposed transaction: the occurrence of any event, change or other circumstances that could give rise to the termination of the Business Combination Agreement; the risk that the transaction may not be completed in a timely manner or at all, which may adversely affect the price of Larkspur's securities; the occurrence of any event, change or other circumstances that could give rise to the termination of the Merger Agreement; the inability to complete the Transactions, including due to failure to obtain approval of the shareholders of Larkspur or other conditions to closing in the Merger Agreement; the inability to obtain or maintain the listing of Larkspur's common stock on NASDAQ following the Transactions; the risk that the Transactions disrupt current plans and operations of ZyVersa as a result of the announcement and consummation of the Transactions; the ability to recognize the anticipated benefits of the Transactions, which may be affected by, among other things, competition, the ability of the combined company to grow and manage growth economically and hire and retain key employees; the risks that ZyVersa's product candidates in development fail clinical trials or are not approved by the U.S. Food and Drug Administration or other applicable authorities; costs related to the Transactions; changes in applicable laws or regulations; the possibility that Larkspur or ZyVersa may be adversely affected by other economic, business, and/or competitive factors; and other risks and uncertainties to be identified in the proxy statement/prospectus (when available) relating to the Transactions, including those under "Risk Factors" therein, and in other filings with the SEC made by Larkspur.. Moreover, ZyVersa operates in a very competitive and rapidly changing environment. Because forward-looking statements are inherently subject to risks and uncertainties, some of which cannot be predicted or quantified and some of which are beyond Larkspur's and ZyVersa's control, you should not rely on these forward-looking statements as predictions of future events. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and except as required by law. Larkspur and ZyVersa assume no obligation and do not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise. Neither Larkspur nor ZyVersa gives any assurance that either Larkspur or ZyVersa or the combined company will achieve its expectations.
SOURCE ZyVersa Therapeutics, Inc.; Larkspur Health Acquisition Corp. | https://www.prnewswire.com/news-releases/zyversa-therapeutics-to-become-a-publicly-traded-biopharma-company-via-merger-with-larkspur-health-acquisition-corp-301590525.html | 2022-07-20T22:03:52 | en | 0.941999 |
BALTIMORE, July 20, 2022 /PRNewswire/ -- Under Armour, Inc. (NYSE: UA, UAA) plans to release its first quarter fiscal 2023 (ended June 30, 2022) results on Aug. 3, 2022, at 6:55 a.m. Eastern Time (ET). Following the news release, Under Armour management will host a conference call at approximately 8:30 a.m. ET to review results.
This call will be webcast live and archived at https://about.underarmour.com/investor-relations/financials.
About Under Armour, Inc.
Under Armour, Inc., headquartered in Baltimore, Maryland, is a leading inventor, marketer, and distributor of branded athletic performance apparel, footwear, and accessories. Designed to empower human performance, Under Armour's innovative products and experiences are engineered to make athletes better. For further information, please visit http://about.underarmour.com.
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SOURCE Under Armour, Inc. | https://www.wlbt.com/prnewswire/2022/07/20/under-armour-announces-first-quarter-fiscal-2023-earnings-conference-call-date/ | 2022-07-20T22:03:56 | en | 0.910749 |
WFO SAN JOAQUIN VALLEY Warnings, Watches and Advisories for Wednesday, July 20, 2022
_____
EXCESSIVE HEAT WARNING
URGENT - WEATHER MESSAGE
National Weather Service Hanford CA
218 PM PDT Wed Jul 20 2022
...EXCESSIVE HEAT WARNING REMAINS IN EFFECT UNTIL 10 PM PDT THIS
EVENING...
* WHAT...Dangerously hot conditions. High temperatures in the
San Joaquin Valley 102 to 108 degrees This afternoon. High
temperatures in the lower Sierra foothills and Kern River
Valley 97 to 102 degrees this afternoon.
* WHERE...The San Joaquin Valley, lower Sierra foothills, and
the Kern River Valley.
* WHEN...Until 10 PM PDT Wednesday.
* IMPACTS...Extreme heat will significantly increase the
potential for heat exhaustion and/or heat stroke, particularly
for those working or participating in outdoor activities.
PRECAUTIONARY/PREPAREDNESS ACTIONS...
Drink plenty of fluids, stay in an air-conditioned room, stay out
of the sun, and check up on relatives and neighbors. Young
children and pets should never be left unattended in vehicles
under any circumstances.
Take extra precautions if you work or spend time outside. When
possible reschedule strenuous activities to early morning or
evening. Know the signs and symptoms of heat exhaustion and heat
stroke. Wear lightweight and loose fitting clothing when
possible. To reduce risk during outdoor work, the Occupational
Safety and Health Administration recommends scheduling frequent
rest breaks in shaded or air conditioned environments. Anyone
overcome by heat should be moved to a cool and shaded location.
Heat stroke is an emergency! Call 9 1 1.
...RED FLAG WARNING REMAINS IN EFFECT UNTIL 8 PM PDT THIS EVENING
FOR STRONG GUSTY WIND WITH LOW RH FOR FIRE WEATHER ZONES 284 AND
285...
...RED FLAG WARNING IN EFFECT FROM 2 PM TO 8 PM PDT THURSDAY FOR
STRONG GUSTY WIND WITH LOW RH FOR FIRE WEATHER ZONES 284 AND 285...
The National Weather Service in Medford has issued a Red Flag
Warning...which is in effect from 2 PM to 8 PM PDT Thursday.
* Impacts: Gusty wind with low relative humidity and critically
dry vegetation will greatly increase the spread potential of any
new and existing fires.
* Affected area: In Northern CA...All of Fire Weather Zone 285
except the southwest corner, and the northern portions of Fire
Weather Zone 284.
* Wind: Southwest 10 to 20 mph with gusts up to 30 mph.
* Humidity: 5 to 15 percent.
* View the hazard area in detail at:
https://www.wrh.noaa.gov/mfr/HAZARD
Precautionary/preparedness actions...
Avoid tossing burning cigarettes on the ground, parking hot
vehicles on dry vegetation, and using equipment that can cause
sparks. Follow all fire restrictions. Find links to restrictions
at weather.gov/medford/wildfire. One less spark, one less
wildfire.
Gather your fire evacuation kit now. Collect essentials you don't
want to lose and prioritize your checklist. Visit ready.gov/kit
for more information.
Familiarize yourself with your evacuation plan. Where will you go?
How will you get there? Who will you call to let others know your
are safe? Visit ready.gov/wildfires for more information.
A Red Flag Warning does not mean there is a fire. It means that
critical fire weather conditions are either occurring now or will
shortly. These conditions promote rapid spread of fire which may
become life threatening. Evacuate if ordered to, or if a fire
threatens.
...FIRE WEATHER WATCH REMAINS IN EFFECT FROM THURSDAY AFTERNOON
THROUGH THURSDAY EVENING FOR STRONG GUSTY WIND WITH LOW RH FOR
FIRE WEATHER ZONES 280 AND 625...
* Affected area:
- In Northern CA...Portions of Fire Weather Zone 280 including Sawyers
Bar, Scott Bar, the Klamath River Valley between Seiad Valley
and Klamath River, and areas in and around the Scott Valley
including Etna, Greenview, and Fort Jones.
- In South Central OR...The southern portions of Fire Weather
Zone 625 generally above 5000 feet around Adel.
_____
Copyright 2022 AccuWeather | https://www.chron.com/weather/article/CA-WFO-SAN-JOAQUIN-VALLEY-Warnings-Watches-and-17318123.php | 2022-07-20T22:03:57 | en | 0.868411 |
WFO ALBANY Warnings, Watches and Advisories for Thursday, July 21, 2022
_____
HEAT ADVISORY
URGENT - WEATHER MESSAGE
National Weather Service Albany NY
410 PM EDT Wed Jul 20 2022
...HEAT ADVISORY REMAINS IN EFFECT UNTIL 8 PM EDT THURSDAY...
* WHAT...Heat index values up to 99.
* WHERE...Portions of northwestern Connecticut and east central
New York.
* WHEN...Until 8 PM EDT Thursday.
* IMPACTS...Hot temperatures and high humidity may cause heat
illnesses to occur.
PRECAUTIONARY/PREPAREDNESS ACTIONS...
Drink plenty of fluids, stay in an air-conditioned room, stay out
of the sun, and check up on relatives and neighbors. Young
children and pets should never be left unattended in vehicles
under any circumstances.
Take extra precautions if you work or spend time outside. When
possible reschedule strenuous activities to early morning or
evening. Know the signs and symptoms of heat exhaustion and heat
stroke. Wear lightweight and loose fitting clothing when
possible. To reduce risk during outdoor work, the Occupational
Safety and Health Administration recommends scheduling frequent
rest breaks in shaded or air conditioned environments. Anyone
overcome by heat should be moved to a cool and shaded location.
Heat stroke is an emergency! Call 9 1 1.
_____
Copyright 2022 AccuWeather | https://www.chron.com/weather/article/CT-WFO-ALBANY-Warnings-Watches-and-Advisories-17317927.php | 2022-07-20T22:04:04 | en | 0.873525 |
Total operating revenue up 6% over same quarter 2019; expects increase of 11% in third quarter versus the same quarter in 2019
Record TRASM of up 24% over same quarter 2019; expects sequential improvement in third quarter versus the same quarter in 2019
Operating margin of 7.2% and adjusted operating margin of 8.2% marking first quarter of profitability since COVID-19 began
CHICAGO, July 20, 2022 /PRNewswire/ -- United Airlines (UAL) today reported second quarter 2022 financial results. The company achieved the highest second quarter revenue in its history, delivering its first profitable quarter since COVID-19 began, despite record-high fuel prices. The second quarter results combined with continued progress the company is seeing affirms United's confidence in achieving the long-term adjusted pre-tax margin1 targets of approximately 9 percent in 2023 and about 14 percent in 2026 that are part of the United Next strategy.
For the quarter, the company saw operating revenue up 6 percent versus the same quarter in 2019 and expects to see sequential improvement in the third quarter. The company also had record-setting TRASM (Total Revenue Per Available Seat Mile), up 24 percent versus the same quarter in 2019 and expects 24 to 26 percent improvement in the third quarter over third quarter 2019. Second quarter revenue improved at a rapid pace and while the company anticipates the economy will slow in the near to medium term, the continuing pandemic recovery is more than offsetting economic headwinds — leading to expected revenue and earnings acceleration in the third quarter. As a result, the company continues to expect to be profitable for the full year 2022. Additionally, even as the industry faced several, well-documented operational challenges throughout the quarter, United performed well and with the exception of Newark had operating results largely in line with 2019.
"I am grateful to the United team that has fought through severe systemic challenges impacting all of global aviation to serve our customers," said United Airlines CEO Scott Kirby. "It's nice to return to profitability – but we must confront three risks that could grow over the next 6-18 months. Industry-wide operational challenges that limit the system's capacity, record fuel prices and the increasing possibility of a global recession are each real challenges that we are already addressing. These fundamental challenges have already led to higher costs, higher fuel prices but, also higher revenue, which means we're as confident as ever we will deliver on our 9 percent adjusted pre-tax margin target in 2023."
Second Quarter Financial Results
- Reported second quarter 2022 net income of $329 million, adjusted net income2 of $471 million.
- Reported second quarter 2022 capacity down 15% compared to second quarter 2019.
- Reported second quarter 2022 total operating revenue of $12.1 billion, up 6% compared to second quarter 2019.
- Reported second quarter 2022 TRASM of up 24% compared to second quarter 2019.
- Reported second quarter 2022 Cost Per Available Seat Mile (CASM) of up 32%, and CASM-ex2 of up 17%, compared to second quarter 2019.
- Reported second quarter 2022 operating margin of 7.2%, adjusted operating margin2 of 8.2%.
- Reported second quarter 2022 pre-tax margin of 3.8%, adjusted pre-tax margin2 of 5.0%.
- Reported second quarter 2022 fuel price of approximately $4.18 per gallon.
- Reported second quarter 2022 payments of long-term debt, finance leases and other financing liabilities of $1.0 billion.
- Reported second quarter 2022 ending available liquidity3 of $22 billion.
Operational Performance
- ConnectionSaver tool helped save more than 150,000 connections, assisting more than 1,600 customers daily on average.
- Inflight satisfaction for on-time flights remained at the highest historic level, achieving 80% for the quarter.
- 700,000 customers used the Agent on Demand platform since the beginning of the year.
Key Highlights
- Launched a new, national advertising campaign – "Good Leads The Way" – that tells the story of United's leadership in areas like customer service, diversity and sustainability, and captures the optimism fueling the airline's large ambitions at a time of unprecedented demand in air travel.
- Announced expansion of its Flight Training Center in Denver, already the largest facility of its kind in the world, as United seeks to hire an additional 10,000 pilots by 2030.
- Became the first airline to donate flights in support of the White House's Operation Fly Formula and transported Kendamil formula free of charge from Heathrow Airport in London to its Washington, Dulles hub.
Customer-Focused Enhancements
- Opened the new United ClubSM location at Newark Liberty International Airport, a 30,000 square foot space offering travelers a modern design, enhanced amenities and culinary offerings.
- Debuted new custom amenity kits for United Polaris® from Away ahead of summer travel.
- Announced limited-time collaboration with Spritz Society to offer complimentary premium cocktails on flights from Chicago to Milan and Newark to Rome, and in select United Clubs.
- Debuted new plant-based menu items from Impossible Foods as part of United's commitment to add more vegan and vegetarian options to its culinary line-up amidst growing demand for plant-based meat.
Network
- Announced year-round, nonstop service between San Francisco, California, and Brisbane, Australia, becoming the first U.S. airline to add a new transpacific destination to its global network since the start of COVID-19.
- Announced the company's application with the U.S. Department of Transportation (DOT) for three weekly nonstop flights between Washington, D.C., and Cape Town, South Africa. The application was tentatively approved by the DOT earlier this month.
- Resumed nonstop service between San Francisco and Melbourne, Australia.
- Kicked off the launch of the largest transatlantic expansion in United history with 10 new routes including new destinations Amman, Jordan; Bergen, Norway; Nice, France; Ponta Delgada, Portugal; Palma de Mallorca, Spain; and Tenerife, Spain.
- Expanded the airline's codeshare agreement with Star Alliance member Singapore Airlines, making it easier for customers to travel to more cities in the United States, Southeast Asia and other destinations in the Asia-Pacific region.
- Launched a new alliance partnership with Virgin Australia, providing customers new connectivity to Australian cities beyond nonstop services.
- Resumed 24 international routes in the second quarter.
- Announced new three times weekly service between Tokyo, Japan, and Saipan in the Commonwealth of the Northern Mariana Islands beginning in September 2022.
Environmental, Social and Governance (ESG)
- Announced a new collaboration with OneTen, a coalition committed to upskill, hire and advance Black talent into family-sustaining careers over the next 10 years.
- United Airlines Ventures announced an investment in and commercial agreement with Dimensional Energy, another step forward to reaching United's pledge to become 100% green by achieving net-zero greenhouse gas emissions by 2050, without relying on the use of traditional carbon offsets.
- Became the first U.S. airline to sign an agreement with Neste to purchase sustainable aviation fuel overseas.
- United employees and their families participated in 11 different Pride parades in June and July in United hub markets and beyond.
- United employees and their families participated in nearly 20 different Earth Month events across our hub communities and beyond.
- Over 42 million miles and more than $400,000 donated to World Central Kitchen, Airlink, American Red Cross, and Americares in support of Ukraine relief efforts by United's customers, with an additional 5 million miles and $100,000 matched by United.
- Hosted send-off events for more than 350 athletes and their families flying to the 2022 USA Special Olympics Games in Orlando, Florida, including a fellow O'Hare International Airport Special Olympics Service Ambassador.
- United welcomed 50 local youths and their family members to its Los Angeles International Airport maintenance facility for a three-week aviation program.
- Sponsored the "Girls Rock Wings" event with Sisters of the Skies, allowing more than 60 young Black women, ages 10-18, to envision a future in aviation.
- United, in partnership with the Warriors Community Foundation and Good Tidings Foundation, revealed the newly refurbished basketball court and gymnasium at the Willie Mays Boys and Girls Club of San Francisco.
- In the second quarter, through a combination of cargo-only and passenger flights, United transported approximately 275 million pounds of freight, including COVID-19 vaccines and other essential supplies, which included nearly 33 million pounds of vital shipments, such as medical kits, personal protective equipment, pharmaceuticals, and medical equipment.
Earnings Call
UAL will hold a conference call to discuss second quarter 2022 financial results, as well as its financial and operational outlook for third quarter 2022 and beyond, on Thursday, July 21, at 9:30 a.m. CT/10:30 a.m. ET. A live, listen-only webcast of the conference call will be available at ir.united.com.
The webcast will be available for replay within 24 hours of the conference call and then archived on the website for three months.
Outlook
This press release should be read in conjunction with the company's Investor Update issued in connection with this quarterly earnings announcement, which provides additional information on the company's business outlook (including certain financial and operational guidance) and is furnished with this press release with the U.S. Securities and Exchange Commission on a Current Report on Form 8-K. The Investor Update is also available through the company's investor relations website at https://ir.united.com. Management will also discuss certain business outlook items during the quarterly earnings conference call.
The company's business outlook is subject to risks and uncertainties applicable to all forward-looking statements as described elsewhere in this press release. Please see the section entitled "Cautionary Statement Regarding Forward-Looking Statements."
About United
United's shared purpose is "Connecting People. Uniting the World." From our U.S. hubs in Chicago, Denver, Houston, Los Angeles, New York/Newark, San Francisco and Washington, D.C., United operates the most comprehensive global route network among North American carriers. United is bringing back our customers' favorite destinations and adding new ones on its way to becoming the world's best airline. For more about how to join the United team, please visit www.united.com/careers and more information about the company is at www.united.com. United Airlines Holdings, Inc., the parent company of United Airlines, Inc., is traded on the Nasdaq under the symbol "UAL".
Website Information
We routinely post important news and information regarding United on our corporate website, united.com, and our investor relations website, ir.united.com. We use our investor relations website as a primary channel for disclosing key information to our investors, including the timing of future investor conferences and earnings calls, press releases and other information about financial performance, reports filed or furnished with the U.S. Securities and Exchange Commission, information on corporate governance and details related to our annual meeting of shareholders. We may use our investor relations website as a means of disclosing material, non-public information and for complying with our disclosure obligations under Regulation FD. We may also use social media channels to communicate with our investors and the public about our company and other matters, and those communications could be deemed to be material information. The information contained on, or that may be accessed through, our website or social media channels are not incorporated by reference into, and are not a part of, this document.
Cautionary Statement Regarding Forward-Looking Statements:
This press release and the related attachments and Investor Update (as well as the oral statements made with respect to information contained in this release and the attachments) contain certain "forward-looking statements," within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, relating to, among other things, the potential impacts of the COVID-19 pandemic and other macroeconomic factors and steps the company plans to take in response thereto and goals, plans and projections regarding the company's financial position, results of operations, market position, capacity, fleet, product development, ESG targets and business strategy. Such forward-looking statements are based on historical performance and current expectations, estimates, forecasts and projections about the company's future financial results, goals, plans and objectives and involve inherent risks, assumptions and uncertainties, known or unknown, including internal or external factors that could delay, divert or change any of them, that are difficult to predict, may be beyond the company's control and could cause the company's future financial results, goals, plans and objectives to differ materially from those expressed in, or implied by, the statements. Words such as "should," "could," "would," "will," "may," "expects," "plans," "intends," "anticipates," "indicates," "remains," "believes," "estimates," "projects," "forecast," "guidance," "outlook," "goals", "targets", "confident", "dedicated" and other words and terms of similar meaning and expression are intended to identify forward-looking statements, although not all forward-looking statements contain such terms. All statements, other than those that relate solely to historical facts, are forward-looking statements.
Additionally, forward-looking statements include conditional statements and statements that identify uncertainties or trends, discuss the possible future effects of known trends or uncertainties, or that indicate that the future effects of known trends or uncertainties cannot be predicted, guaranteed or assured. All forward-looking statements in this report are based upon information available to us on the date of this report. We undertake no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events, changed circumstances or otherwise, except as required by applicable law or regulation.
Our actual results could differ materially from these forward-looking statements due to numerous factors including, without limitation, the following: the adverse impacts of the ongoing COVID-19 global pandemic on our business, operating results, financial condition and liquidity; execution risks associated with our strategic operating plan; changes in our network strategy or other factors outside our control resulting in less economic aircraft orders, costs related to modification or termination of aircraft orders or entry into less favorable aircraft orders, as well as any inability to accept or integrate new aircraft into our fleet as planned; any failure to effectively manage, and receive anticipated benefits and returns from, acquisitions, divestitures, investments, joint ventures and other portfolio actions; adverse publicity, harm to our brand, reduced travel demand, potential tort liability and voluntary or mandatory operational restrictions as a result of an accident, catastrophe or incident involving us, our regional carriers, our codeshare partners or another airline; the highly competitive nature of the global airline industry and susceptibility of the industry to price discounting and changes in capacity, including as a result of alliances, joint business arrangements or other consolidations; our reliance on a limited number of suppliers to source a majority of our aircraft and certain parts, and the impact of any failure to obtain timely deliveries, additional equipment or support from any of these suppliers; disruptions to our regional network and United Express flights provided by third-party regional carriers; unfavorable economic and political conditions in the United States and globally (including inflationary pressures); reliance on third-party service providers and the impact of any significant failure of these parties to perform as expected, or interruptions in our relationships with these providers or their provision of services; extended interruptions or disruptions in service at major airports where we operate and space, facility and infrastructure constrains at our hubs or other airports; geopolitical conflict, terrorist attacks or security events; any damage to our reputation or brand image; our reliance on technology and automated systems to operate our business and the impact of any significant failure or disruption of, or failure to effectively integrate and implement, the technology or systems; increasing privacy and data security obligations or a significant data breach; increased use of social media platforms by us, our employees and others; the impacts of union disputes, employee strikes or slowdowns, and other labor-related disruptions on our operations; any failure to attract, train or retain skilled personnel, including our senior management team or other key employees; the monetary and operational costs of compliance with extensive government regulation of the airline industry; current or future litigation and regulatory actions, or failure to comply with the terms of any settlement, order or arrangement relating to these actions; costs, liabilities and risks associated with environmental regulation and climate change, including our climate goals; high and/or volatile fuel prices or significant disruptions in the supply of aircraft fuel (including as a result of the Russia-Ukraine military conflict); the impacts of our significant amount of financial leverage from fixed obligations, the possibility we may seek material amounts of additional financial liquidity in the short-term, and the impacts of insufficient liquidity on our financial condition and business; failure to comply with financial and other covenants governing our debt, including our MileagePlus® financing agreements; the impacts of the proposed phaseout of the London interbank offer rate; limitations on our ability to use our net operating loss carryforwards and certain other tax attributes to offset future taxable income for U.S. federal income tax purposes; our failure to realize the full value of our intangible assets or our long-lived assets, causing us to record impairments; fluctuations in the price of our common stock; the impacts of seasonality, weather events, infrastructure and other factors associated with the airline industry; increases in insurance costs or inadequate insurance coverage and other risks and uncertainties set forth in Part I, Item 1A. Risk Factors, of our Annual Report on Form 10-K for the fiscal year ended December 31, 2021, as well as other risks and uncertainties set forth from time to time in the reports we file with the U.S. Securities and Exchange Commission.
The foregoing list sets forth many, but not all, of the factors that could impact our ability to achieve results described in any forward-looking statements. Investors should understand that it is not possible to predict or identify all such factors and should not consider this list to be a complete statement of all potential risks and uncertainties. In addition, certain forward-looking outlook provided in this release relies on assumptions about the duration and severity of the COVID-19 pandemic, the timing of the return to a more stable business environment, the volatility of aircraft fuel prices, customer behavior changes and return in demand for air travel, among other things (together, the "Recovery Process"). The COVID-19 pandemic and the measures taken in response may continue to impact many aspects of our business, operating results, financial condition and liquidity in a number of ways, including labor shortages (including reductions in available staffing and related impacts to the company's flight schedules and reputation), facility closures and related costs and disruptions to the company's and its business partners' operations, reduced travel demand and consumer spending, increased operating costs, supply chain disruptions, logistics constraints, volatility in the price of our securities, our ability to access capital markets and volatility in the global economy and financial markets generally. If the actual Recovery Process differs materially from our assumptions, the impact of the COVID-19 pandemic on our business could be worse than expected, and our actual results may be negatively impacted and may vary materially from our expectations and projections. It is routine for our internal projections and expectations to change as the year or each quarter in the year progresses, and therefore it should be clearly understood that the internal projections, beliefs and assumptions upon which we base our expectations may change. For instance, we regularly monitor future demand and booking trends and adjust capacity, as needed. As such, our actual flown capacity may differ materially from currently published flight schedules or current estimations.
Non-GAAP Financial Information:
In discussing financial results and guidance, the company refers to financial measures that are not in accordance with U.S. Generally Accepted Accounting Principles (GAAP). The non-GAAP financial measures are provided as supplemental information to the financial measures presented in this press release that are calculated and presented in accordance with GAAP and are presented because management believes that they supplement or enhance management's, analysts' and investors' overall understanding of the company's underlying financial performance and trends and facilitate comparisons among current, past and future periods. Because the non-GAAP financial measures are not calculated in accordance with GAAP, they should not be considered superior to and are not intended to be considered in isolation or as a substitute for the related GAAP financial measures presented in the press release and may not be the same as or comparable to similarly titled measures presented by other companies due to possible differences in method and in the items being adjusted. We encourage investors to review our financial statements and publicly-filed reports in their entirety and not to rely on any single financial measure.
Please refer to the tables accompanying this release for a description of the non-GAAP adjustments and reconciliations of the historical non-GAAP financial measures used to the most comparable GAAP financial measure and related disclosures.
-tables attached-
UNITED AIRLINES HOLDINGS, INC.
NON-GAAP FINANCIAL INFORMATION
UAL evaluates its financial performance utilizing various accounting principles generally accepted in the United States of America (GAAP) and non-GAAP financial measures, including adjusted earnings before interest, taxes, depreciation and amortization (adjusted EBITDA), adjusted EBITDA margin, adjusted operating income (loss), adjusted operating expenses, adjusted operating margin, adjusted pre-tax income (loss), adjusted pre-tax margin, adjusted net income (loss), adjusted diluted earnings (loss) per share, CASM, excluding special charges, third-party business expenses, fuel, and profit sharing (CASM-ex), operating expenses excluding special charges, adjusted capital expenditures, free cash flow, and free cash flow, net of financings, among others. The non-GAAP financial measures are provided as supplemental information to the financial measures presented in this press release that are calculated and presented in accordance with GAAP and are presented because management believes that they supplement or enhance management's, analysts' and investors' overall understanding of the company's underlying financial performance and trends and facilitate comparisons among current, past and future periods.
Because the non-GAAP financial measures are not calculated in accordance with GAAP, they should not be considered superior to and are not intended to be considered in isolation or as a substitute for the related GAAP financial measures presented in the press release and may not be the same as or comparable to similarly titled measures presented by other companies due to possible differences in method and in the items being adjusted. We encourage investors to review our financial statements and publicly-filed reports in their entirety and not to rely on any single financial measure.
The company does not provide a reconciliation of forward-looking measures where the company believes such a reconciliation would imply a degree of precision and certainty that could be confusing to investors and is unable to reasonably predict certain items contained in the GAAP measures without unreasonable efforts. This is due to the inherent difficulty of forecasting the timing or amount of various items that have not yet occurred and are out of the company's control or cannot be reasonably predicted. For the same reasons, the company is unable to address the probable significance of the unavailable information. Forward-looking non-GAAP financial measures provided without the most directly comparable GAAP financial measures may vary materially from the corresponding GAAP financial measures. See "Cautionary Statement Regarding Forward-Looking Statements" above.
The information below provides an explanation of certain adjustments reflected in the non-GAAP financial measures and shows a reconciliation of non-GAAP financial measures reported in this press release to the most directly comparable GAAP financial measures. Within the financial tables presented, certain columns and rows may not add due to the use of rounded numbers. Percentages and earnings per share amounts presented are calculated from the underlying amounts.
UNITED AIRLINES HOLDINGS, INC.
NON-GAAP FINANCIAL INFORMATION (Continued)
CASM is a common metric used in the airline industry to measure an airline's cost structure and efficiency. UAL reports CASM excluding special charges (credits), third-party business expenses, fuel expense and profit sharing. UAL believes that adjusting for special charges (credits) is useful to investors because special charges (credits) are not indicative of UAL's ongoing performance. UAL also believes that excluding third-party business expenses, such as maintenance, flight academy, ground handling and catering services for third parties, provides more meaningful disclosure because these expenses are not directly related to UAL's core business. UAL also believes that excluding fuel expense from certain measures is useful to investors because it provides an additional measure of management's performance excluding the effects of a significant cost item over which management has limited influence. UAL excludes profit sharing because it believes that this exclusion allows investors to better understand and analyze UAL's operating cost performance and provides a more meaningful comparison of our core operating costs to the airline industry.
UAL also reports EBITDA excluding special charges (credits), nonoperating unrealized (gains) losses on investments, net, nonoperating debt extinguishment and modification fees and nonoperating special termination benefits. UAL believes that adjusting for these items is useful to investors because they are not indicative of UAL's ongoing performance.
UNITED AIRLINES HOLDINGS, INC.
NON-GAAP FINANCIAL INFORMATION (Continued)
UAL believes that adjusting capital expenditures for assets acquired through the issuance of debt, finance leases and other financial liabilities is useful to investors in order to appropriately reflect the total amounts spent on capital expenditures. UAL also believes that adjusting net cash provided by (used in) operating activities for capital expenditures, net of flight equipment purchase deposit returns, adjusted capital expenditures, and aircraft operating lease additions is useful to allow investors to evaluate the company's ability to generate cash that is available for debt service or general corporate initiatives.
CARES Act grant: During the six months ended June 30, 2021, the company received approximately $5.8 billion in funding pursuant to certain Payroll Support Programs ("PSP2" and "PSP3") under the Coronavirus Aid, Relief, and Economic Security Act ("CARES Act"), which included an approximately $1.7 billion unsecured loan. The company recorded $1.1 billion and $2.9 billion as grant income during the three and six months ended June 30, 2021, respectively. The company also recorded $52 million and $99 million for the related warrants issued to the U.S. Treasury Department as part of the agreements related to PSP2 and PSP3, within stockholders' equity, as an offset to the grant income in the three and six months ended June 30, 2021, respectively.
Impairment of assets: During the three and six months ended June 30, 2021, the company recorded $59 million of impairments primarily related to 64 Embraer EMB 145LR aircraft and related engines that United retired from its regional aircraft fleet.
During the three months ended June 30, 2019, the company recorded a $47 million impairment for aircraft engines removed from operations, a $6 million charge for the early termination of several regional aircraft finance leases and $8 million in other miscellaneous impairments. During the six months ended June 30, 2019, in addition to the charges described above, the company recorded an $8 million fair value adjustment for aircraft purchased off lease.
Severance and benefit costs: During the three and six months ended June 30, 2021, the company recorded charges of $11 million and $428 million, respectively, related to pay continuation and benefits-related costs provided to employees who chose to voluntarily separate from the company. The company offered, based on employee group, age and completed years of service, pay continuation, health care coverage, and travel benefits. Approximately 4,500 employees elected to voluntarily separate from the company.
During the three and six months ended June 30, 2019, the company recorded $6 million and $10 million, respectively, of management severance. During the six months ended June 30, 2019, the company recorded $2 million of severance and benefit costs primarily related to a voluntary early-out program for its technicians and related employees represented by the International Brotherhood of Teamsters.
(Gains) losses on sale of assets and other special charges: During the three and six months ended June 30, 2022, the company recorded $112 million and $104 million, respectively, of net charges primarily comprised of $94 million for various legal matters.
During the three and six months ended June 30, 2021, the company recorded charges of $61 million and $77 million, respectively, primarily related to incentives for certain of its front-line employees to receive a COVID-19 vaccination and the termination of the lease associated with three floors of its headquarters at the Willis Tower in Chicago in the first quarter of 2021.
During the three and six months ended June 30, 2019, the company recorded $4 million and $8 million, respectively, of net charges, primarily related to the sale of aircraft engines.
Nonoperating debt extinguishment and modification fees: During the six months ended June 30, 2022, the company recorded $7 million of charges mainly related to the early redemption of $400 million of its unsecured debt.
During the three and six months ended June 30, 2021, the company recorded $62 million of charges for fees and discounts related to the issuance of a new term loan and revolving credit facility and the prepayment of a CARES Act loan and a 2017 term loan and revolving credit facility.
Nonoperating special termination benefits: During the six months ended June 30, 2021, as part of first quarter voluntary separation leave programs, the company recorded $46 million of special termination benefits in the form of additional subsidies for retiree medical costs for certain U.S.-based front-line employees. The subsidies were in the form of a one-time contribution to a notional Retiree Health Account of $125,000 for full-time employees and $75,000 for part-time employees.
Nonoperating unrealized gains and losses on investments, net: All amounts represent changes to market value of equity investments.
Interest expense related to finance leases of Embraer ERJ 145 aircraft:
During the third quarter of 2018, United entered into an agreement with the lessor of 54 Embraer ERJ 145 aircraft to purchase those aircraft in 2019. The provisions of the new lease agreement resulted in a change in accounting classification of these new leases from operating leases to finance leases up until the purchase date. The company recognized $25 million and $46 million of additional interest expense in the three and six months ended June 30, 2019, respectively, as a result of this change. UAL believes that adjusting for interest expense related to finance leases of Embraer ERJ 145 aircraft in certain non-GAAP measures is useful to investors because of the accelerated recognition of interest expense.
Effective tax rate:
The company's effective tax rates for the three and six months ended June 30, 2022, 2021 and 2019 were as follows:
The provisions for income taxes for the three and six months ended June 30, 2021 and 2019 are based on the estimated annual effective tax rate which represents a blend of federal, state and foreign taxes and includes the impact of certain nondeductible items. We have historically calculated the provision for income taxes during interim reporting periods by applying an estimate of the annual effective tax rate for the full fiscal year to income or loss for the reporting period. We have used a discrete effective tax rate method to calculate taxes for the three and six months ended June 30, 2022. We believe that, at this time, the use of the discrete method for the three and six months ended June 30, 2022 is more appropriate than the estimated annual effective tax rate method as the estimated annual effective tax rate method is not reliable due to a high degree of uncertainty in estimating annual pretax earnings.
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WFO BOSTON Warnings, Watches and Advisories for Thursday, July 21, 2022
_____
HEAT ADVISORY
URGENT - WEATHER MESSAGE
National Weather Service Boston/Norton MA
442 PM EDT Wed Jul 20 2022
...HEAT ADVISORY REMAINS IN EFFECT UNTIL 8 PM EDT THURSDAY...
* WHAT...Heat index values from 98 to 102 degrees expected.
* WHERE...Northern Connecticut, much of Rhode Island and
portions of western, central and eastern Massachusetts.
* WHEN...Through early this evening and again from 10 AM EDT
Thursday until 8 PM EDT Thursday.
* IMPACTS...Hot temperatures and high humidity may cause heat
illnesses to occur.
PRECAUTIONARY/PREPAREDNESS ACTIONS...
Drink plenty of fluids, stay in an air-conditioned room, stay out
of the sun, and check up on relatives and neighbors. Young
children and pets should never be left unattended in vehicles
under any circumstances.
Take extra precautions if you work or spend time outside. When
possible reschedule strenuous activities to early morning or
evening. Know the signs and symptoms of heat exhaustion and heat
stroke. Wear lightweight and loose fitting clothing when
possible. To reduce risk during outdoor work, the Occupational
Safety and Health Administration recommends scheduling frequent
rest breaks in shaded or air conditioned environments. Anyone
overcome by heat should be moved to a cool and shaded location.
Heat stroke is an emergency! Call 9 1 1.
_____
Copyright 2022 AccuWeather | https://www.chron.com/weather/article/CT-WFO-BOSTON-Warnings-Watches-and-Advisories-17318038.php | 2022-07-20T22:04:10 | en | 0.88397 |
WFO ALBANY Warnings, Watches and Advisories for Wednesday, July 20, 2022
_____
HEAT ADVISORY
URGENT - WEATHER MESSAGE
National Weather Service Albany NY
410 PM EDT Wed Jul 20 2022
...HEAT ADVISORY REMAINS IN EFFECT UNTIL 8 PM EDT THIS EVENING...
* WHAT...Heat index values up to 97.
* WHERE...Western Schenectady, Northern Saratoga, Montgomery,
Southern Washington, Southeast Warren, Western Ulster, Eastern
Rensselaer, Northern Washington, Southern Herkimer and
Southern Fulton Counties.
* WHEN...Until 8 PM EDT this evening.
* IMPACTS...Hot temperatures and high humidity may cause heat
illnesses to occur.
PRECAUTIONARY/PREPAREDNESS ACTIONS...
Drink plenty of fluids, stay in an air-conditioned room, stay out
of the sun, and check up on relatives and neighbors. Young
children and pets should never be left unattended in vehicles
under any circumstances.
Take extra precautions if you work or spend time outside. When
possible reschedule strenuous activities to early morning or
evening. Know the signs and symptoms of heat exhaustion and heat
stroke. Wear lightweight and loose fitting clothing when
possible. To reduce risk during outdoor work, the Occupational
Safety and Health Administration recommends scheduling frequent
rest breaks in shaded or air conditioned environments. Anyone
overcome by heat should be moved to a cool and shaded location.
Heat stroke is an emergency! Call 9 1 1.
...HEAT ADVISORY REMAINS IN EFFECT UNTIL 8 PM EDT THURSDAY...
* WHAT...Heat index values up to 99.
* WHERE...Portions of northwestern Connecticut and east central
New York.
* WHEN...Until 8 PM EDT Thursday.
_____
Copyright 2022 AccuWeather | https://www.chron.com/weather/article/NY-WFO-ALBANY-Warnings-Watches-and-Advisories-17317920.php | 2022-07-20T22:04:11 | en | 0.846193 |
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KING OF PRUSSIA, Pa., July 20, 2022 /PRNewswire/ -- Universal Health Services, Inc. (NYSE: UHS) announced today that its Board of Directors voted to pay a cash dividend of $0.20 per share on September 15, 2022, to shareholders of record as of September 1, 2022.
Universal Health Services (NYSE: UHS) is one of the largest and most respected hospital management companies in the nation. For over 40 years, UHS and its affiliates have focused on meeting patients' healthcare needs across hundreds of local communities. Today, UHS subsidiaries own and/or operate 405 inpatient and outpatient facilities including acute care hospitals, behavioral health facilities, ambulatory centers, freestanding emergency departments, and urgent care centers in 39 U.S. states, Washington, D.C., the United Kingdom and Puerto Rico. For additional information on the Company, visit our web site: http://www.uhsinc.com.
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SOURCE Universal Health Services, Inc. | https://www.wlbt.com/prnewswire/2022/07/20/universal-health-services-inc-announces-dividend/ | 2022-07-20T22:04:12 | en | 0.93204 |
WFO NEW YORK CITY Warnings, Watches and Advisories for Thursday, July 21, 2022
_____
RIP CURRENT STATEMENT
Coastal Hazard Message
National Weather Service New York NY
404 PM EDT Wed Jul 20 2022
...HIGH RIP CURRENT RISK IN EFFECT FROM THURSDAY MORNING THROUGH
THURSDAY EVENING...
* WHAT...Dangerous rip currents expected.
* WHERE...Kings (Brooklyn), Southwest Suffolk, Southeast
Suffolk, Southern Queens and Southern Nassau Counties.
* WHEN...From Thursday morning through Thursday evening.
* IMPACTS...Life-threatening rip currents are likely for all
people entering the surf zone. Anyone visiting the beaches
should stay out of the surf. Rip currents can sweep even the
best swimmers away from shore into deeper water.
PRECAUTIONARY/PREPAREDNESS ACTIONS...
If you enter the surf zone, always have a flotation device with
you and swim near a lifeguard. If caught in a rip current, relax
and float, and do not swim against the current. If able, swim in
a direction following the shoreline. If unable to escape, face
the shore and yell or wave for help.
_____
Copyright 2022 AccuWeather | https://www.chron.com/weather/article/NY-WFO-NEW-YORK-CITY-Warnings-Watches-and-17317919.php | 2022-07-20T22:04:17 | en | 0.865443 |
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PHOENIX, July 20, 2022 /PRNewswire/ -- Universal Technical Institute, Inc. (NYSE: UTI), a leading provider of transportation and technical training programs, today announced that it plans to report results for the third quarter of fiscal year 2022 on Wednesday, August 3, 2022, after market close. Jerome Grant, chief executive officer, and Troy Anderson, chief financial officer, will host a conference call at 4:30 p.m. Eastern Time on the same day to discuss the financial results and operating performance.
To participate in the live call, investors are invited to dial (844) 881-0138 (domestic) or (412) 317-6790 (international). A live webcast of the call will be available via the Universal Technical Institute investor relations website at https://investor.uti.edu. Please go to the website at least 10 minutes early to register, download and install any necessary audio software. The conference call webcast will be archived for fourteen days at https://investor.uti.edu. Alternatively, the telephone replay can be accessed through August 17, 2022, by dialing (877) 344-7529 (domestic) or (412) 317-0088 (international) and entering passcode 8868532.
Founded in 1965 and headquartered in Phoenix, Universal Technical Institute's (NYSE: UTI) mission is to serve our students, partners, and communities by providing quality education and support services for in-demand careers. Approximately 250,000 students have graduated from one of UTI's 15 campuses located across Arizona, California, Florida, Illinois, Michigan, North Carolina, Pennsylvania, New Jersey, and Texas. UTI's campuses are accredited by the Accrediting Commission of Career Schools and Colleges (ACCSC), while its employer-aligned technical training programs are offered under four brands: Universal Technical Institute, Motorcycle Mechanics Institute / Marine Mechanics Institute, NASCAR Technical Institute, and MIAT College of Technology. For more information and a complete list of all programs offered, please visit www.uti.edu or follow on LinkedIn @UniversalTechnicalInstitute and on Twitter @news_UTI.
Media Contact:
Alanna Vitucci
Public Relations Director
Universal Technical Institute, Inc.
(480) 710-6843
Investor Relations Contact:
Robert Winters or Davis Snyder
Alpha IR Group
(312) 445-2870
UTI@alpha-ir.com
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WFO DALLAS / FT. WORTH Warnings, Watches and Advisories for Wednesday, July 20, 2022
_____
SPECIAL WEATHER STATEMENT
Special Weather Statement
National Weather Service Fort Worth TX
428 PM CDT Wed Jul 20 2022
...A strong thunderstorm will impact portions of southeastern
Montague and southwestern Cooke Counties through 500 PM CDT...
At 427 PM CDT, Doppler radar was tracking a strong thunderstorm near
St. Jo, and another just north of Muenster, both moving southeast at
10 mph.
HAZARD...Wind gusts of 55 mph.
SOURCE...Radar indicated.
IMPACT...Gusty winds could knock down tree limbs and blow around
unsecured objects.
Locations impacted include...
Muenster, St. Jo, Myra, Marysville, Bonita, and Forestburg.
PRECAUTIONARY/PREPAREDNESS ACTIONS...
If outdoors, consider seeking shelter inside a building.
LAT...LON 3367 9776 3378 9751 3380 9726 3362 9726
3351 9733 3347 9763
TIME...MOT...LOC 2127Z 336DEG 8KT 3364 9759
MAX HAIL SIZE...0.00 IN
MAX WIND GUST...55 MPH
_____
Copyright 2022 AccuWeather | https://www.chron.com/weather/article/TX-WFO-DALLAS-FT-WORTH-Warnings-Watches-and-17318145.php | 2022-07-20T22:04:23 | en | 0.82564 |
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LEXINGTON, Ky., July 20, 2022 /PRNewswire/ -- Valvoline Inc. (NYSE: VVV) today announced that its board of directors declared a quarterly cash dividend of $0.125 per share of Valvoline common stock. The dividend is payable on Sep. 15, 2022, to shareholders of record as of the close of business on Aug. 31, 2022.
About ValvolineTM
Valvoline Inc. (NYSE: VVV) is a global leader in vehicle care powering the future of mobility through innovative services and products for vehicles with electric, hybrid and internal combustion powertrains. Established in 1866, the Company introduced the world's first branded motor oil and developed strong brand recognition and customer satisfaction ratings over the years across multiple service and product channels. The Company operates and franchises approximately 1,600 service center locations and is the No. 2 and No. 3 largest chain in the U.S. and Canada, respectively, by number of stores. With sales in more than 140 countries and territories, Valvoline's solutions are available for every engine and drivetrain, including high-mileage and heavy-duty vehicles, and are offered at more than 80,000 locations worldwide. Creating the next generation of advanced automotive solutions, Valvoline has established itself as the world's leading supplier of battery fluids to electric vehicle manufacturers, offering tailored products to help extend vehicle range and efficiency. To learn more, or to find a Valvoline service center near you, visit valvoline.com.
TM Trademark, Valvoline or its subsidiaries, registered in various countries
FOR FURTHER INFORMATION
Investor Relations
Sean T. Cornett
+1 (859) 357-3155
ir@valvoline.com
Media Relations
Michele Gaither Sparks
+1 (859) 230-8097
michele.sparks@valvoline.com
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SOURCE Valvoline Inc. | https://www.wlbt.com/prnewswire/2022/07/20/valvoline-declares-quarterly-dividend/ | 2022-07-20T22:04:25 | en | 0.920173 |
WFO HOUSTON/GALVESTON Warnings, Watches and Advisories for Wednesday, July 20, 2022
_____
RED FLAG WARNING
URGENT - FIRE WEATHER MESSAGE
National Weather Service Houston/Galveston TX
316 PM CDT Wed Jul 20 2022
...RED FLAG WARNING REMAINS IN EFFECT UNTIL 10 PM CDT THIS
EVENING FOR LOW HUMIDITY AND GUSTY SOUTH TO SOUTHWEST WINDS...
* AFFECTED COUNTIES... Houston...Trinity...Madison...Walker...
Burleson...Brazos...Washington...Grimes.
* WIND...South to southwest at 10 to 15 mph with gusts near 25
mph.
* HUMIDITY...As low as 20 to 25 percent.
* TEMPERATURES...102 to 106 degrees.
* IMPACTS...Any fires that develop will likely spread rapidly.
Outdoor burning is not recommended.
PRECAUTIONARY/PREPAREDNESS ACTIONS...
A Red Flag Warning means that critical fire weather conditions
are either occurring now...or will shortly. A combination of
strong winds...low relative humidity...and warm temperatures will
create explosive fire growth potential.
_____
Copyright 2022 AccuWeather | https://www.chron.com/weather/article/TX-WFO-HOUSTON-GALVESTON-Warnings-Watches-and-17317918.php | 2022-07-20T22:04:29 | en | 0.83142 |
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WFO HOUSTON/GALVESTON Warnings, Watches and Advisories for Wednesday, July 20, 2022
_____
HEAT ADVISORY
URGENT - WEATHER MESSAGE
National Weather Service Houston/Galveston TX
320 PM CDT Wed Jul 20 2022
...HEAT ADVISORY REMAINS IN EFFECT UNTIL 8 PM CDT THIS EVENING...
* WHAT...Heat index values up to 111 degrees expected.
* WHERE...Portions of south central and southeast Texas.
* WHEN...From noon to 8 PM CDT Wednesday.
* IMPACTS...Hot temperatures and high humidity may cause heat
illnesses to occur.
PRECAUTIONARY/PREPAREDNESS ACTIONS...
Drink plenty of fluids, stay in an air-conditioned room, stay out
of the sun, and check up on relatives and neighbors. Young
children and pets should never be left unattended in vehicles
under any circumstances.
Take extra precautions if you work or spend time outside. When
possible reschedule strenuous activities to early morning or
evening. Know the signs and symptoms of heat exhaustion and heat
stroke. Wear lightweight and loose fitting clothing when
possible. To reduce risk during outdoor work, the Occupational
Safety and Health Administration recommends scheduling frequent
rest breaks in shaded or air conditioned environments. Anyone
overcome by heat should be moved to a cool and shaded location.
Heat stroke is an emergency! Call 9 1 1.
...EXCESSIVE HEAT WARNING REMAINS IN EFFECT UNTIL 8 PM CDT THIS
EVENING...
* WHAT...Dangerously hot conditions with ambient temperatures up
to 106 degrees expected.
* WHERE...Burleson, Houston, Trinity, Washington, Madison,
Walker, Brazos and Grimes Counties.
* IMPACTS...Extreme heat and humidity will significantly
increase the potential for heat related illnesses,
particularly for those working or participating in outdoor
activities.
_____
Copyright 2022 AccuWeather | https://www.chron.com/weather/article/TX-WFO-HOUSTON-GALVESTON-Warnings-Watches-and-17317949.php | 2022-07-20T22:04:31 | en | 0.876065 |
WFO HOUSTON/GALVESTON Warnings, Watches and Advisories for Wednesday, July 20, 2022
_____
RIP CURRENT STATEMENT
Coastal Hazard Message
National Weather Service Houston/Galveston TX
335 PM CDT Wed Jul 20 2022
...HIGH RIP CURRENT RISK REMAINS IN EFFECT UNTIL 8 PM CDT THIS
EVENING...
* WHAT...Dangerous rip currents.
* WHERE...Matagorda Islands, Brazoria Islands, Galveston Island
and Bolivar Peninsula.
* WHEN...Until 8 PM CDT this evening.
* IMPACTS...Rip currents can sweep even the best swimmers away
from shore into deeper water.
PRECAUTIONARY/PREPAREDNESS ACTIONS...
Swim near a lifeguard. If caught in a rip current, relax and
float. Don't swim against the current. If able, swim in a
direction following the shoreline. If unable to escape, face the
shore and call or wave for help.
_____
Copyright 2022 AccuWeather | https://www.chron.com/weather/article/TX-WFO-HOUSTON-GALVESTON-Warnings-Watches-and-17317984.php | 2022-07-20T22:04:34 | en | 0.851214 |
WHEELING, W.Va., July 20, 2022 /PRNewswire/ -- WesBanco, Inc. (Nasdaq:WSBC), a diversified, multi-state bank holding company, announced today that its Board of Directors has declared a quarterly cash dividend on the outstanding shares of its 6.75% Non-Cumulative Perpetual Preferred Stock, Series A (the "Series A Preferred Stock") (Nasdaq:WSBCP). The declared cash dividend on the Series A Preferred Stock is for the period from May 15, 2022, up to, but excluding August 15, 2022. The declared cash dividend equates to $0.421875 per depositary share, or $16.875 per share of the Series A Preferred Stock outstanding. The cash dividend is payable on August 15, 2022 to shareholders of record on August 1, 2022.
About WesBanco, Inc.
Founded in 1870, WesBanco, Inc. (www.wesbanco.com) is a diversified and balanced financial services company that delivers large bank capabilities with a community bank feel. Our distinct long-term growth strategies are built upon unique sustainable advantages permitting us to span six states with meaningful market share. Built upon our 'Better Banking Pledge', our customer-centric service culture is focused on growing long-term relationships by pledging to serve all personal and business customer needs efficiently and effectively. Furthermore, our strong financial performance and employee focus has earned us recognition by Forbes as both one of America's Best Banks and Best Midsize Employers – the only midsize bank making the top ten of both rankings. In addition to a full range of online and mobile banking options and a full-suite of commercial products and services, WesBanco provides trust, wealth management, securities brokerage, and private banking services through our century-old Trust and Investment Services department, with approximately $5.4 billion of assets under management (as of March 31, 2022). WesBanco's banking subsidiary, WesBanco Bank, Inc., operates 205 financial centers in the states of Indiana, Kentucky, Maryland, Ohio, Pennsylvania, and West Virginia. Additionally, WesBanco operates an insurance agency, WesBanco Insurance Services, Inc., and a full service broker/dealer, WesBanco Securities, Inc.
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WOODBRIDGE, N.J., July 20, 2022 /PRNewswire/ -- Wilentz, Goldman & Spitzer, P.A. is pleased to announce Angelo J. Cifaldi has been elected as the President and Managing Director of the century-old law firm.
"I am honored to be elected as the next President and Managing Director of Wilentz, I look forward to serve and lead our client-focused Firm, and to continue to uphold the legal profession's highest values," said Cifaldi. He added, "I am committed to the Firm's success, and delivering quality service to our clients."
Cifaldi succeeds Lisa A. Gorab, who served in the role since January 2021. Brian Molloy, current Chairman of the Board, said, "Angelo's unyielding dedication to prioritizing the Firm's best interest through his years of service on numerous Firm committees, including the Management Committee, has positioned him well for his new role."
"As we look to the future, we are confident that Angelo is the right person to lead Wilentz and carry on our long legacy of providing the highest level of service and support to our clients, employees, and community," added Molloy.
Over the past 38 years at Wilentz, Cifaldi has served in several senior leadership capacities, including as a member of the Management Committee and as Co-Chair of the Mass Tort/Class Action and Cannabis Law groups. He most recently served as Assistant Managing Director, where he played a leading role in directing the Firm's operations and response during the COVID-19 public health emergency. "The manner in which Boards directed their organization during the peak of the pandemic was a critical factor in the ability to emerge from the crisis. At Wilentz, we have pushed forward into this new era and continue to support all of our clients' needs," said Cifaldi.
Wilentz, Goldman & Spitzer, P.A. is one of the largest and most successful law firms in New Jersey, offering legal services to corporate, individual and governmental clients in almost every area of the practice of law. Wilentz lawyers have practiced at the forefront of landmark cases, regulatory matters and high-profile transactions since its founding by David T. Wilentz. The firm is based in Woodbridge and has offices in Eatontown, Newark, Red Bank, New York City and Philadelphia. For more information about Wilentz, visit www.wilentz.com.
Contact: Timothy P. Carr, 732.855.6030 | tcarr@wilentz.com
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- ZyVersa is a clinical stage biopharmaceutical company developing first-in-class product candidates to address significant unmet medical needs of patients with renal and inflammatory diseases
- Lead renal product candidate, phase 2a-ready VAR 200, mediates removal of excess intracellular lipids that contribute to kidney damage leading to end-stage renal disease
- Lead anti-inflammatory product candidate, inflammasome ASC inhibitor (IC 100), blocks initiation and perpetuation of damaging inflammation that's pathogenic in a multitude of inflammatory diseases
- Transaction proceeds will advance clinical evaluation of VAR 200 and progress IC 100 into the clinic
- Combined company to have an implied initial enterprise value of approximately $108.92 Million, and the transaction is expected to deliver cash proceeds of around $83.12 Million to ZyVersa (assuming no redemptions) to fund ZyVersa's clinical development programs
- Transaction expected to be completed in fourth quarter of 2022; combined company expected to be listed on NASDAQ under ticker "ZVSA"
WESTON, Fla. and BRIDGEWATER, N.J., July 20, 2022 /PRNewswire/ -- ZyVersa Therapeutics, Inc. ("ZyVersa"), a clinical stage specialty biopharmaceutical company leveraging advanced, proprietary technologies to develop product candidates that address unmet medical needs in the areas of renal and inflammatory diseases, and Larkspur Health Acquisition Corp. (NASDAQ: LSPR or "Larkspur"), a blank-check special purpose acquisition company, announced today that they have entered into a definitive business combination agreement (the "Business Combination Agreement"). The business combination transaction is expected to provide ZyVersa with access to the public equity market, which the parties believe will escalate development of ZyVersa's renal and inflammasome product candidate pipelines. Upon the business combination transaction closing, which is expected to occur in the fourth quarter of 2022, the combined company is expected to be named ZyVersa Therapeutics, Inc., which will continue to operate under the ZyVersa management team, led by Stephen C. Glover, Co-Founder, Chief Executive Officer, and Chairman. The combined company's common stock is anticipated to be listed on NASDAQ under ticker symbol "ZVSA."
"We are delighted to partner with Larkspur in this business combination. Their management and board have vast experience as investors and operating executives in the biopharmaceutical industry," stated Mr. Glover. "This merger and entry into the public markets will enable us to escalate development of our pipeline drug candidates for targeted patients with renal and inflammatory diseases, who have the need for disease-modifying drugs that are well tolerated and safe. We believe our drug candidates in development for these patients have potential to meet these needs and help drive improved health outcomes," added Mr. Glover.
"ZyVersa's management team has deep scientific and operational experience, and the company has two exciting assets, IC 100 for inflammatory diseases and VAR 200 for renal diseases," said Daniel J. O'Connor, Chairman and Chief Executive Officer of Larkspur. "IC 100, an inflammasome ASC inhibitor, blocks upstream intracellular initiation of the inflammatory cascade and extracellular perpetuation of inflammation, leading to potential for application in numerous, diverse inflammatory conditions. VAR 200, 2-hydroxypropyl-beta-cyclodextrin, is a cholesterol efflux mediator intended to reduce renal lipid accumulation that contributes to glomerular diseases and their progression. VAR 200's lead indication is orphan focal segmental glomerulosclerosis. It also has potential to treat orphan Alport syndrome and diabetic kidney disease. ZyVersa's CEO, Mr. Glover has co-founded and led multiple biopharma companies. Prior to co-founding ZyVersa, he was Co-founder and Chief Business Officer of Coherus BioSciences, a late-stage commercial biologics platform company focused on delivering biosimilar therapeutics which went public in 2014. Previously, Mr. Glover was President of Insmed Therapeutic Proteins and EVP and Chief Business Officer of Insmed Incorporated, where he was responsible for creating the company's biosimilar business unit and divestiture of that business to Merck. He also led the strategic review process that resulted in the merger of Insmed and Transave," added Mr. O'Connor. "Mr. Glover clearly excels in licensing, M&A, raising capital, and taking companies public. His current management team consists of successful leaders in drug development, manufacturing, and commercialization from his prior companies. We believe that ZyVersa is well positioned to create significant value for stockholders," concluded Mr. O'Connor.
The combined company will have an estimated pro forma enterprise valuation of approximately $108.92 million. Cash proceeds from the transactions contemplated by the Business Combination Agreement (the "Transactions") are expected to consist of up to approximately $77.67 million of cash held in Larkspur's trust account (before any redemptions by Larkspur's public stockholders and the payment of certain expenses) and approximately $7.00 million attributable to a private investment anchored by new institutional investors (the "PIPE Investment"). Proceeds from the PIPE Investment are expected to be used as working capital and to advance the clinical evaluation of VAR 200 and progress IC 100 into the clinic. The PIPE Investment expected to close in connection with the business combination is conditioned upon ZyVersa obtaining an additional interim financing, and also subject to the satisfaction of other customary closing conditions and a NASDAQ listing. After the closing of the Transactions and assuming no redemptions by Larkspur's public stockholders, existing ZyVersa shareholders will retain 100% of their equity ownership and will own approximately 44.20% of the pro forma combined company.
The Transactions, which have been unanimously approved by the boards of directors of both ZyVersa and Larkspur, are subject to, among other customary closing conditions, approval by shareholders of Larkspur, and shareholders of ZyVersa.
A more detailed description of the transaction terms and a copy of the Business Combination Agreement and the definitive documents governing the PIPE Investment will be included in a current report on Form 8-K to be filed with the U.S. Securities and Exchange Commission (the "SEC") by Larkspur. Larkspur will also file a registration statement (which will be a combined proxy statement and prospectus) with the SEC in connection with the Transactions.
The Benchmark Company LLC and Noble Capital Markets, Inc. are serving as financial advisors to ZyVersa, and Lowenstein Sandler LLP is serving as legal advisor to ZyVersa. A.G.P./Alliance Global Partners, to which Manatt, Phelps & Phillips, LLP is serving as legal advisor, is serving as the exclusive financial advisor to Larkspur. Alston & Bird LLP is serving as legal advisor to Larkspur.
ZyVersa is a clinical stage specialty biopharmaceutical company leveraging advanced, proprietary technologies to develop product candidates that address unmet medical needs in the areas of renal and inflammatory diseases. ZyVersa's development pipeline includes phase 2a ready VAR 200, a cholesterol efflux mediator for treatment of rare kidney disease, focal segmental glomerulosclerosis. ZyVersa believes VAR 200 has the potential to treat other glomerular diseases, including Alport Syndrome and Diabetic Kidney Disease. ZyVersa's development pipeline also includes IC 100, a novel inflammasome ASC inhibitor being developed to treat a multitude of inflammatory diseases. For more information, please visit www.zyversa.com.
Larkspur is a Special Purpose Acquisition Company (SPAC) formed to identify a biopharmaceutical company that can develop and thrive as a newly formed public company and benefit from Larkspur's operational expertise and a significant infusion of capital. Each of Larkspur's management team and board of directors have been former management and executive leadership of private and public biopharmaceutical companies and have over 50+ years of aggregate investment and operational experiences. The team strongly believes in the growth opportunities in the biotechnology industry. They are experienced operators who seek to partner with top innovators and thinkers in the biopharmaceutical field. As operators, their entrepreneurial approach enables support for management teams in making impactful decisions with an eye toward growth and operational excellence. For more information, please visit www.lsprhealth.com.
In connection with the transactions described herein, Larkspur intends to file a registration statement on Form S-4 that will include a proxy statement with respect to the stockholder meeting of Larkspur and a prospectus with respect to securities of the combined company. After the registration statement is declared effective by the SEC, the proxy statement/prospectus will be sent to all Larkspur and ZyVersa stockholders. Larkspur will also file other documents regarding the proposed business combination with the SEC. BEFORE MAKING ANY VOTING DECISION, INVESTORS AND SECURITIES HOLDERS OF LARKSPUR AND ZYVERSA ARE URGED TO READ THE PROXY STATEMENT/PROSPECTUS AND ALL OTHER RELEVANT DOCUMENTS FILED OR THAT WILL BE FILED WITH THE SEC IN CONNECTION WITH THE PROPOSED BUSINESS COMBINATION AS THEY BECOME AVAILABLE SINCE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT THE PROPOSED BUSINESS COMBINATION AND THE PARTIES TO THE PROPOSED BUSINESS COMBINATION.
Investors and securities holders will be able to obtain free copies of the proxy statement/prospectus and all other relevant documents filed or that will be filed with the SEC by Larkspur through the website maintained by the SEC at https://sec.gov/. In addition, the documents filed by Larkspur may be obtained free of charge from Larkspur's website at www.lsprhealth.com or by written request to info@lsprhealth.com. Additional information about the proposed transaction, including a copy of the business combination agreement and investor presentation, will be provided in a Current Report on Form 8-K to be filed by Larkspur with the SEC which can be accessed at www.sec.gov as well as online at www.lsprhealth.com.
Larkspur, ZyVersa, and their respective directors and executive officers may be deemed to be participants in the solicitation of proxies from Larkspur's stockholders in connection with the proposed transaction. Information about Larkspur's directors and executive officers and their ownership of Larkspur's securities is set forth in Larkspur's Annual Report on Form 10-K for the year ended December 31, 2021 filed with the SEC, as modified or supplemented by any Form 3 or Form 4 filed with the SEC since the date of such filing. Other information regarding the interests of the participants in the proxy solicitation will be included in the proxy statement/prospectus pertaining to the proposed Transactions when it becomes available. These documents can be obtained free of charge from the sources indicated above.
This communication does not constitute an offer to sell or the solicitation of an offer to buy any securities or a solicitation of any vote or approval, nor shall there be any sale of any securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of such other jurisdiction.
This press release contains certain forward-looking statements within the meaning of the federal securities laws with respect to the proposed transaction between Larkspur Health Acquisition Corp. ("Larkspur"), and ZyVersa Therapeutics, Inc ("ZyVersa"). All statements other than statements of historical facts contained in this press release, including statements regarding Larkspur or ZyVersa's future results of operations and financial position, the amount of cash expected to be available to ZyVersa after the closing and giving effect to any redemptions by Larkspur's stockholders, ZyVersa's business strategy, prospective product candidates, product approvals, research and development costs, timing and likelihood of success, plans and objectives of management for future operations, future results of current and anticipated product candidates, and expected use of proceeds, are forward-looking statements. These forward-looking statements generally are identified by the words "believe," "project," "expect," "anticipate," "estimate," "intend," "strategy," "future," "opportunity," "plan," "may," "should," "will," "would," "will be," "will continue," "will likely result," and similar expressions. These forward-looking statements are subject to a number of risks, uncertainties and assumptions, including, but not limited to, the following risks relating to the proposed transaction: the occurrence of any event, change or other circumstances that could give rise to the termination of the Business Combination Agreement; the risk that the transaction may not be completed in a timely manner or at all, which may adversely affect the price of Larkspur's securities; the occurrence of any event, change or other circumstances that could give rise to the termination of the Merger Agreement; the inability to complete the Transactions, including due to failure to obtain approval of the shareholders of Larkspur or other conditions to closing in the Merger Agreement; the inability to obtain or maintain the listing of Larkspur's common stock on NASDAQ following the Transactions; the risk that the Transactions disrupt current plans and operations of ZyVersa as a result of the announcement and consummation of the Transactions; the ability to recognize the anticipated benefits of the Transactions, which may be affected by, among other things, competition, the ability of the combined company to grow and manage growth economically and hire and retain key employees; the risks that ZyVersa's product candidates in development fail clinical trials or are not approved by the U.S. Food and Drug Administration or other applicable authorities; costs related to the Transactions; changes in applicable laws or regulations; the possibility that Larkspur or ZyVersa may be adversely affected by other economic, business, and/or competitive factors; and other risks and uncertainties to be identified in the proxy statement/prospectus (when available) relating to the Transactions, including those under "Risk Factors" therein, and in other filings with the SEC made by Larkspur.. Moreover, ZyVersa operates in a very competitive and rapidly changing environment. Because forward-looking statements are inherently subject to risks and uncertainties, some of which cannot be predicted or quantified and some of which are beyond Larkspur's and ZyVersa's control, you should not rely on these forward-looking statements as predictions of future events. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and except as required by law. Larkspur and ZyVersa assume no obligation and do not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise. Neither Larkspur nor ZyVersa gives any assurance that either Larkspur or ZyVersa or the combined company will achieve its expectations.
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SOURCE ZyVersa Therapeutics, Inc.; Larkspur Health Acquisition Corp. | https://www.wlbt.com/prnewswire/2022/07/20/zyversa-therapeutics-become-publicly-traded-biopharma-company-via-merger-with-larkspur-health-acquisition-corp/ | 2022-07-20T22:04:47 | en | 0.942341 |
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Costa Rica snatch all three points in a shock 1-0 win over Japan - scoring with their first and only shot on target so far at the 2022 World Cup.
Costa Rica worked very well without the ball, and were quick to pick up loose balls as well as making several terrific tackles. The issue was that when they had the ball they didn't really know what to do with it.
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Japan tried but failed to get a passing rhythm going, with Costa Rica's shape making it difficult for the Asian side to play through the lines.
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Hajime Moriyasu made two changes at half-time and Japan greatly improved, having two quick shots on target of the match within the first two minutes of the second period.
Japan started to get on the ball and dictate proceedings, showing much better invention on the ball to play through Costa Rica.
Costa Rica really struggled to get up the pitch as Japan increased their intensity, but 10 minutes from time Keysher Fuller found space to bend one in against the run of play with Costa Rica's first shot on target of the World Cup!
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Lionel Messi has insisted that “another World Cup starts for Argentina” following their crucial 2-0 victory against Mexico on Sunday night.
Had Argentina lost the crunch match with Mexico, they would have joined hosts Qatar and been eliminated from the competition after two matches following an opening defeat to Saudi Arabia.
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Much like they were in their tie against Saudi Arabia, Argentina were lackluster going forward against Mexico and a draw looked the most likely outcome after an hour of action.
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But a moment of magic from Messi and a clinical strike from 21-year-old substitute Enzo Fernandez in the latter stages helped Argentina claim a decisive three points and put themselves into a healthy position after a nightmare start.
"Today another World Cup starts for Argentina," Messi told Sky Sports after the game. "I tell people the same thing, that they continue to believe. Today we did what we had to do.
"We had no other choice. We had to win so that we depended only on ourselves.
"The first half we didn't play as we should and in the second, when we calmed down, we started to play the ball better and after the goal we went back to being what we are."
The 35-year-old has now scored in Argentina’s last six games scoring 12 goals, including a five-goal haul against Estonia in June.
He has equalled the number of World Cup goals scored by the late Diego Maradona, who also scored eight goals for Argentina in the same number of games.
The win keeps Argentina’s hopes of escaping group C alive and they will top the group if they manage to beat Poland on Wednesday.
'Forget what happened' says Argentina World Cup great after loss to Saudi Arabia
The winners of Argentina’s group will play the runner-up in Group D in the last 16 which is likely to be Denmark or Australia, but finish second and there’s a strong chance of bumping into leaders - and reigning World Champions - France.
Poland currently lead Group C by a point after they romped home to their first win against Saudi Arabia on Sunday, helped by a first World Cup goal from Robert Lewandowski.
The victory followed a frustrating goalless draw with Mexico in the opening round of fixtures.
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Argentina and Saudi Arabia, which each share a win and a loss, sit second and third respectively on three points.
Saudi Arabia face a winless Mexico next, as they look to upset the odds and clinch what would be a great escape.
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Two senior Hyundai Motorsport figures have heaped praise on Mikel Azcona and his BRC Racing Team after they provisionally secured the WRCT – FIA World Touring Car Cup for Drivers and Teams during WTCR Race of Saudi Arabia Qualifying yesterday evening.
Hyundai Motorsport President Sean Kim and Hyundai Motorsport Deputy Team Director Julien Moncet are attending the Jeddah Corniche Circuit-based WTCR finale and were quick to highlight the achievements of Spanish driver Azcona behind the wheel of a Hyundai Elantra N TCR and Italian outfit BRC.
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“Congratulations to Mikel and BRC Hyundai N Squadra Corse for winning both titles in WTCR – FIA World Touring Car Cup,” said Kim. “Achieving both the drivers’ and teams’ titles completes an excellent year, it is the perfect reward for all those who have worked on the project. WTCR is an incredibly competitive series, with strong drivers and teams involved. The wins are an indication of the talent of the drivers and our customer team, as well as everyone involved with the project as part of our Customer Racing department.”
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No lifting off November: Zengo’s Huff determined to sign-off on a WTCR high
Moncet added: “It is such a proud moment to have another Hyundai Motorsport customer win in WTCR – FIA World Touring Car Cup, especially as it is a double win. Mikel has been fantastic this year, and fully deserves to be on top of the podium after a close season of racing. Both achievements are a testament of the hard work that the team and our Customer Racing Department have put into the season, and the competitiveness of the Hyundai Elantra N TCR.”
The post No lifting off November: Praise for Azcona and BRC from Hyundai chiefs appeared first on FIA WTCR | World Touring Car Cup.
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No lifting off November: How they stand in WTCR
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No lifting off November: The day ahead at WTCR Race of Saudi Arabia
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WTCR Trophy title winner Rob Huff says a strong result at WTCR Race of Saudi Arabia would be the perfect reward for his Zengő Motorsport team and his “warrior” boss Zoltán Zengő.
After financial issues resulted in the 2012 FIA World Touring Car Championship winner missing WTCR Race of Bahrain earlier this month, Huff is back with the Hungarian squad for the deciding rounds of the WTCR – FIA World Touring Car Cup, which he will start with a chance of finishing in the title top three.
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“It’s been an amazing year for us and I’m just happy after what happened that I get a chance to come back and finish off the season,” said the CUPRA-driving Briton. “The team, the mechanics, everyone involved truly deserves to finish on a high.
WTCR
No lifting off November: Praise for Azcona and BRC from Hyundai chiefs
“The news we weren’t going to be racing in Bahrain was heart-breaking for a lot of people in the team. Our team are not all paid mechanics, they do it because they love the team, they love Zoltán and they Zengő. To finish on a bad note after Bahrain wouldn’t have been good but to come here and finish on a high for the warrior that is Zoltán Zengő, who organised everything so we can fight on a fair level with everyone else is quite spectacular and just deserts for what we have managed to achieve this year. I will try my hardest to finish on a high.”
Huff, a two-time overall WTCR winner in 2022, qualified P11 at Jeddah Corniche Circuit yesterday evening, one place ahead of team-mate Dániel Nagy.
The post No lifting off November: Zengo’s Huff determined to sign-off on a WTCR high appeared first on FIA WTCR | World Touring Car Cup.
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North Platte folks should see highs in the 50's today. It should reach a crisp 50 degrees. Expect a drastic drop in temperatures though, with a low reaching 24 degrees. Expect periods of sun and clouds. The North Platte area should see a light breeze, with winds only reaching 9 miles per hour, coming from the West. This report is created automatically with weather data provided by TownNews.com. Visit nptelegraph.com for more weather updates.
Here is today's weather outlook for Nov. 27, 2022 in North Platte, NE
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Shoppers who prefer to grab deals from the comfort of home love Cyber Monday, the day that’s set aside for online retailers to offer steep discounts on items across all categories. The virtual sales event has followed Black Friday for almost 20 years and will be epic in 2022. However, if you are ready to find online deals now, BestReviews can help.
In our search for unbeatable discounts, our team has noticed great prices on items shoppers love ahead of Cyber Monday. The sales are being offered by trusted retailers, including a Vitamix blender at Amazon, a Milwaukee tool kit at Home Depot and a Morphe eyeshadow palette at Ulta.
Best trending deals
2020 Apple MacBook Air: 20% off
It's the Apple M1 Chip that makes the MacBook Air a responsive device that's up to whatever task you need it to accomplish. It also offers proprietary Retina display, an awesome camera and a trim design.
Available at Amazon
Original Peloton Bike: 21% off
You can start working on your New Year's fitness resolutions early by giving yourself the original Peloton bike. It provides access to personalized workout programs via the sleek touchscreen. The compact design makes it ideal for homes with limited space.
Available at Amazon
Microsoft Surface Pro 8: 43% off
This versatile computer with a 13-inch touch screen features a convertible design, so you can use it as either a laptop or a tablet. The Windows 11 operating system combined with the Intel Evo platform offers fast performance for the price.
Available at Best Buy
Best deals ahead of Cyber Monday at Best Buy
Lenovo Legion Tower 5 AMD Gaming Desktop: 26% off
This gaming desktop computer features the AMD Ryzen 5 processor and AMD Radeon 6500XT graphics for next-level performance. It also has the updated Windows 11 operating system that offers user-friendly tools and enhanced security.
Available at Best Buy
Samsung Galaxy Tab A7 Lite 8.7-Inch 32GB: 38% off
With a trim design and long battery life, the Galaxy Tab A7 is easy to stuff in a bag and go. Fast performance and lots of storage space mean it can handle streaming, web surfing, working and more.
Available at Best Buy
KitchenAid Variable Speed Corded Hand Blender: 33% off
Sometimes all you need is a hand blender for mixing and blending. Made by a top brand, this model is durable, powerful and easy to use.
Available at Best Buy
Bella Electric Citrus Juicer: 46% off
This juicer may not have many frills, but it's a powerful little machine that turns citrus fruit to juice in minutes. It's a handy device that's perfect for anyone who loves to make fresh orange juice at home.
Available at Best Buy
Samsung Galaxy Buds2 True Wireless Earbud Headphones: 40% off
Notable sound and a comfortable fit are the Galaxy Buds2 main selling points. Pop them in your ears, use the noise-canceling feature, adjust the ambient sound function and enjoy.
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Best markdowns on popular products we love
- The Microsoft Surface Pro 8 is a versatile device that's ideal for students or professionals. It's currently 33% off.
- Grab the HyperX Pulsefire Core Wired Optical Gaming Mouse for the gaming enthusiast on your list and get a 50% discount.
- The Asus ROG Zephyrus Gaming Laptop is built to deliver impressive graphics. Today you can save 36% off the regular price.
- A 40% savings make Beats by Dr. Dre an unbeatable deal.
- The LG High-Efficiency Stackable Front-Load Washer is 26% off today.
- Save 13% on the popular Meta Quest 2 Resident Evil 4 Bundle with Beat Saber.
- If you are shopping for a special gift for a gamer, check out the Razer Blade Gaming Laptop. The 23% discount makes it an awesome deal.
- Update your kitchen with this feature-packed Samsung Smart Freestanding Gas Range and save 28%.
- Sennheiser Momentum Wireless Noise-Canceling Over-the-Ear Headphones are currently 50% off.
- The Bowflex Treadmill 10 is currently 25% off. It's a versatile machine that will help you stay fit all year long.
- A discount of 38% is an excellent deal for the Fitbit Luxe Fitness & Wellness Tracker, which has a fashionable, jewelry-like appearance.
- Ninja's Mega Kitchen System with a 72-Ounce Blender is highly rated and discounted by 50%.
Best deals ahead of Cyber Monday at Amazon
Furinno Go Green Home Laptop Notebook Computer Desk: 48% off
This compact desk is a good choice for dorms or small home offices. In addition to a space-saving design, it has two drawers and two shelves for keeping items organized.
Available at Amazon
Fire HD 10 Tablet: 50% off
Already affordable for a 10-inch model, this Fire Tablet is available at a deep discount as Cyber Monday approaches. It offers a user-friendly interface for easy access to your favorite apps. The vivid screen features HD resolution.
Available at Amazon
Roku Ultra: 40% off
The Roku Ultra is a streamer's dream, as it's easy to set up and provides access to top streaming apps. It can be controlled by voice command so finding movies, shows, sports and more is a breeze.
Available at Amazon
iRobot Roomba j7 (7150) Wi-Fi Connected Robot Vacuum: 42% off
Smart mapping, obstacle avoidance technology and Alexa compatibility are all part of the Roomba j7's impressive feature set. Dirt and pet hairs are no match for this vacuum's powerful suction.
Available at Amazon
Instant Pot Instant Vortex Plus Air Fryer: 46% off
We were thrilled to find an outstanding deal on the Instant Pot's popular air fryer ahead of the big online shopping event. This top-selling model boasts multiple functions, as it can broil, roast, reheat, dehydrate and air fry. Its touch control panel includes preset functions that simplify cooking.
Available at Amazon
All-Clad Stainless Steel Induction Compatible Cookware Set: 30% off
With seven versatile pieces and matching lids, this cookware set is perfect for preparing just about any recipe a home cook can think of. The pots and pans are crafted of durable tri-ply stainless steel with aluminum cores for consistent results. The set is backed by a limited lifetime warranty.
Available at Amazon
Amazon Fire TV Omni Series: 22% off
With Fire streaming built in, there's no need for an additional device to stream content from top apps with this smart TV. In addition to effortless streaming, it has amazing ultra 4K resolution that makes images pop.
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Echo Show 4th Gen: 50% off
Although the 4th gen model of the Echo Show is no longer the latest version of the smart speaker, it's still worth buying. Notable sound, responsive voice control and an attractive globe-like design are all available for an impressive price.
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Pinkfong Baby Shark Melody Pad: 43% off
Not only is this colorful toy appealing to little ones, but it features big buttons and fun sounds that encourage kids to explore. Kids also love the adorable Baby Shark theme and easy-to-grip handle.
Available at Amazon
KitchenAid Artisan Mini Plus Stand Mixer: 32% off
It can be difficult to find a KitchenAid stand mixer available this time of year, but we found the Mini Plus at an unbeatable price. A 3.5-quart mixing bowl, 10 speeds and the classic tilt-head design are features fans love.
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Best markdowns on popular products we love
- The 2021 Apple TV 2nd Gen is a nice gift for streamers and Apple fans. ADD TO WISH LIST
- Kids can never get enough Legos. This classic set is 20% off.
- The HyperX Cloud Alpha Wireless Gaming Headset is 20% off.
- JBL TuneTrue Wireless In-Ear Noise-Canceling Headphones deliver excellent sound. They are now 50% off.
- A fragrance is a thoughtful gift for your favorite guy. Lucky You Men's Cologne is 68% off.
- The Motorola Moto G Stylus 2022 takes gorgeous photos and gets two days of battery life per charge. The price is marked down 40%.
- The Google Pixel 7 offers an impressive camera. It's currently 17% off.
- With a speedy processor, a trim design and lots of storage, the HP Pavilion x360 Convertible 14-Inch Laptop is great for work or play. Buy one today and you'll save 28% off the retail price.
- A savings of 50% is a great deal on the Samsung Galaxy S20 FE Smartphone, which offers 5G coverage.
- The Echo Show 15 boasts a large 15.6-inch screen. Get in on the savings of 32% when you buy today.
- The 26% discount makes the versatile Lenovo IdeaPad Flex 5i 2-in-1 Chromebook Laptop a deal that's too good to miss.
- The OnePlus 10 Pro 5G Android Smartphone is 31% off today.
- Grab the Samsung 1TB Internal Solid State Hard Drive today and save 15% off the usual price.
- If you are looking for a new TV for the holidays that offers awesome video quality, the Samsung 65-Inch Class Neo QLED 4K Smart TV is the one to buy. It's currently 30% off.
- The Apple MagSafe Duo Wireless Charger is 24% off, making it a must-have deal for Apple fans.
- The SanDisk 32GB Extreme MicroSDHC Memory Card is now 27% off.
Best deals ahead of Cyber Monday at Home Depot
Ryobi ONE+ 18-Volt High-Performance Lithium-Ion 4.0 Ampere-Hour Battery (Two-Pack): 50% off
Anyone who owns Ryobi tools can also use extra batteries. This pack includes two 18-volt lithium-ion batteries that power numerous cordless tools by the brand.
Available at Home Depot
Milwaukee M12 12-Volt Lithium-Ion Cordless Combo Kit (Five-Tool): 50% off
If you are looking for a gift for someone who likes to do their own repairs and projects, a tool kit is a good pick. Made by Milwaukee, this comprehensive set comes with a ratchet, light, saw, drill/driver, impact driver, two batteries and a bag.
Available at Home Depot
Home Decorators Collection Windlowe Bath Vanity: 40% off
If updating your bathroom is on your to-do list, you may be shopping for a new vanity. This model measures 61 inches wide by 22 inches deep by 35 inches high in size and sports a contemporary design with a beautiful dual-sink marble top.
Available at Home Depot
LG Electronics 24-Inch Stainless Steel Front-Control Dishwasher: 35% off
Dirty dishes don't stand a chance with LG's proprietary QuadWash technology that makes this dishwasher a powerful cleaning machine. Dynamic Dry technology dries dishes fast and effectively. You can choose from several finish options to fit your kitchen decor.
Available at Home Depot
Whirlpool 1.7-Cubic-Foot Over-the-Range Microwave: 43% off
Need more space on your kitchen counter? This microwave is designed to be mounted over the range to make more room for other small appliances. The touch control panel has useful functions that take the guesswork out of cooking favorite foods.
Available at Home Depot
Best markdowns on popular products we love
- Samsung's Bespoke 30-Cubic-Foot Three-Door French Door Smart Refrigerator is a beautiful appliance that's packed with features. It's marked down by 36%.
- DeWalt 20-Volt Max Cordless Combo Tool Kit is the perfect gift for the DIYer on your list. Today you can save 37% off the regular price.
- Werner's 8-Foot Fiberglass Step Ladder is handy to have around the house. It's 55% off.
- The Milwaukee M18 FUEL 18-Volt Lithium-Ion Brushless Cordless Compact Router is a must-have for woodworking projects. ADD TO WISH LIST
- The price of the Husky Mechanics Tool Set reflects a 50% savings, which is a great bargain for this comprehensive set.
- Today you can get the Ryobi ONE+ 18-Volt Cordless Impact Wrench Kit at a 48% savings.
- The DeWalt 15-Amp Corded 12-Inch Double Bevel Sliding Compound Miter Saw is a nice gift for anyone who builds or does woodworking. It's 33% off today.
- This Gorilla Ladders Aluminum Ladder has a strong build and 18-foot reach. You'll save 55% off the retail price.
Best deals ahead of Cyber Monday at Ulta Beauty
Revlon One-Step Volumizer Original 1.0 Hair Dryer and Hot Air Brush: 54% off
This styling tool dries and creates gorgeous styles at the same time. The innovative design smooths hair while giving it noticeable volume and shine.
Available at Ulta
IT Cosmetics Confidence in a Cream Moisturizer: 40% off
Any beauty enthusiast will love pampering their skin with this rich moisturizer that's formulated with nourishing ingredients. It soothes and hydrates, creating a healthy glow.
Available at Ulta
Redken Extreme Shampoo: 38% off
From exposure to hair dryers, styling tools, the elements and more, hair often becomes dry and damaged. Redken Extreme Shampoo is formulated to reverse damage and add strength to each strand.
Available at Ulta
Neutrogena Hydro Boost Water Gel: 40% off
Because it's water-based and lightweight, this gel absorbs quickly and doesn't feel heavy on the skin. It contains hyaluronic acid that gives skin long-lasting hydration. It makes a great stocking stuffer for anyone who tends to have dry winter skin.
Available at Ulta
Best markdowns on popular products we love
- Apple Cider Detox Shampoo cleanses hair deeply and makes it manageable. It's currently 46% off.
- Styles will last all day with the Big Sexy Hair Spray and Play Volumizing Hairspray, which is now discounted 50%.
- The pretty ColourPop Sweet Talk Eyeshadow Palette is 50% off.
- Drybar On the Rocks Clarifying Charcoal Shampoo is ideal for anyone who uses hair-styling products. The price is marked down 42%.
- IT Blurring Foundation Brush creates a filter-like finish. The 51% off price is an excellent bargain.
- Save 50% on It's a 10 Miracle Leave-In Product.
- You can count on Kiehl's Ultra Facial Cream to deliver outstanding moisture. Buy it today and save 40%
- Packed with highly pigmented flattering colors, the Too Faced Born This Way The Natural Nudes Eye Shadow Palette is 50% off.
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By N. Lothungbeni Humtsoe
'Healthy lifestyle' a common phrase that has come under much scrutiny over the last couple years, has some of us checking our calorie count with every meal intake, and most of us aiming to achieve it, but never being able to. Despite alarming facts that reveal the sorry state of the Indian population's heart health, and India accounting for approximately 60 per cent of the world's heart diseases, it becomes an important consideration.
We know that hypertension, high cholesterol, diabetes, or obesity can impact our health negatively. These can be caused by our poor lifestyle choices. Our sedentary lifestyles have led to reduced levels of physical activity, coupled with the lack of moderation and imbalance in our food habits that include excess consumption of processed foods high in refined sugar, salt and high-in fat consisting of saturated and trans-fat. The key to minimising health risks is not as hard as you may think. Starting small and adopting simple dietary and lifestyle changes can help in maintaining overall heart health.
Choose granola bars over Indian dessert
We Indians have a sweet tooth and crave for something sweet with our meals, but most of the time we go overboard with the consumption of desserts which have excessive amount of sugar. Over consumption of sugar for long period of time accumulates as fat in the body causing weight gain. Even though sugar is part of our regular diet one needs to be mindful about the consumption pattern, portion sizes and should go for a snack which is more ideal.
Granola bars are a quick snack for those who need a power boost but make sure you use low amounts of sugar. Homemade granola bars can be made at home with oats, berries, edible seeds and dry fruits that are high sources of fibre and protein. Soluble fibre helps to reduce LDL levels i.e., bad cholesterol and blood pressure which will keep your heart healthy.
Swap fruit juices with whole fruits
Consuming whole fruits in the morning helps in better absorption of vitamins from the fruits. However, people choose the convenient option and consume fruit juices.
Natural and canned fruit juices are a concentrated sources of sugars without the benefit of fibre. Hence, it is advisable to include whole fruits as part of your breakfast, which have nutrients like fibre, vitamins, minerals, and phytonutrients. Seasonal fruits can be a good way to include fruits in your breakfast every day.
Choose blended oils over single seed oils
Our day-to-day cooking requires oil in almost all our meals, therefore choosing the right oil is a simple change for overall health. Though single seed oils like ground nut, soybean, canola etc. do have health benefits, they are not enough to provide the right balance of fatty acids which are recommended in our diet.
A healthier switch would be opting for multi-source oils, also known as blended oils. Blended oils with antioxidants have multiple benefits like providing nutrition from fats and improving immunity. It is prepared by combining two or more oils into one to obtain benefits of two oils in one. They are scientifically blended to provide good balance of MUFAs and PUFAs that help manage cholesterol.
Choosing a blended oil like Saffola Gold Blended Oil as part of your everyday diet can help in keeping your heart healthy. It has natural antioxidants that help build immunity and gives you benefits of oryzanol that helps lower your cholesterol. Additionally, it has LOSORB technology which helps in absorbing lower quantities of oil during frying compared to other cooking oils. The oil is a blend of Rice Bran Oil which is rich in MUFA and Sunflower Oil which is rich in PUFA; and hence, gives you a good balance of MUFA and PUFA, which is beneficial for your heart health.
Lower sodium and saturated fat rich snack foods
The American Heart Association and Indian Council of Medical Research recommend ideal consumption of sodium to be no more than 2000 mg a day. Processed foods like chips, crackers or white bread as an evening snack has become a norm amongst adults these days and these foods are usually high in sodium and saturated fat. It is important to check nutritional labels before purchasing processed foods to assess the amount of sodium and saturated fat you are consuming. You can also opt for a healthy switch and consume foods like fruits, sprouts, oats, yogurt or millet based foods for snacks.
Swap fast food with healthy alternatives
Working professionals living sedentary lifestyles tend to depend on fast food to satisfy their hunger pangs. Fast food could have excess amounts of saturated fats, refined sugar and sodium, increasing the possibility of obesity, diabetes, hypertension and cholesterol imbalance.
To counter this, a simple habit of eating healthy alternatives like hummus wrap, savoury oatmeal, and millet dosas can be relished. Chickpeas, oats, millet flour and veggies have great source of plant-based protein and fiber which improves your good gut bacteria and have low glycemic Index that helps to control blood sugar levels. Leafy vegetables like spinach, cabbage, fenugreek leaves, kale and collard greens are high in fibre, vitamins and minerals that promote overall health and heart health.
Maintaining a healthy lifestyle can seem overwhelming, especially with all the information out there. However, breaking down your health goals and making simple, easy changes to your everyday habits can help achieve a healthy lifestyle. (SJ/IANS) | https://www.newsgram.com/lifestyle/2022/11/27/five-dietary-switches-for-a-healthy-lifestyle | 2022-11-27T12:07:46 | en | 0.951844 |
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Advent of corporate culture into Indian film industry had both its pros and cons: Anees Bazmee
During a session -- Corporate Culture in Film industry -- at the 53rd International Film Festival of India in Goa, Director and Producer Anees Bazmee said every coin has two sides.
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Ideally 'Creativity' and 'Business' should co-exist and maintain a judicious balance to achieve cinematic excellence, renowned film-maker Anees Bazmee said on Saturday evening. During a session -- Corporate Culture in Film industry -- at the 53rd International Film Festival of India in Goa, Director and Producer Anees Bazmee said every coin has two sides. He said the advent of corporate culture into Indian film industry had both its pros and cons.
"At one hand, it has sorted out the financial crisis that the industry was earlier facing, ensured the agreed payments to the cast and crew whatever the business outcome may be and decreased dependency on individual producers," he said, adding, "On the other hand, somewhere the passion of one individual filmmaker is found to be missing in films produced by corporates and the creativity is compromised. So ideally 'Creativity' and 'Business' should co-exist and maintain a judicious balance to achieve cinematic excellence." Another renowned Director Vikas Bahl said that film-making is a business of heart. Corporate culture should match the creative film-making process. "One software called 'Guts' to be inserted into the excel sheets of corporates," he added.
Flagging the issue of piracy, Vikas urged both Government and Corporates to join hands to resolve the challenging issue. "Legislation should be formed to tackle the piracy problem", he opined. Director Abhishek Sharma said corporatisation has ensured the 'cleansing of money' from the industry. He further said Indian film industry should be more organised and formalised to be called as an 'Industry' in true sense. "Are we truly an organic industry? We need to introspect. We need to come together keeping aside personal profit and loss and think about the industry as a whole", he added.
Producer Mahaveer Jain said corporates are pumping in more money so that quality films can be produced. "With more players, more films are being produced and more people are getting employment", he added. (ANI)
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)
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Upcoming I-League season will be historic: Former Indian captain IM Vijayan | https://www.devdiscourse.com/article/business/2266670-advent-of-corporate-culture-into-indian-film-industry-had-both-its-pros-and-cons-anees-bazmee | 2022-11-27T12:13:30 | en | 0.956168 |
Results of post-2019 investments in J-K to be visible by next year: Official
Out of these, 800 investors have deposited the requisite funds with the government and 110 have even started work, he said.According to the officer, two main challenges faced by the current administration are fighting the narrative war and ensuring speed of development works.After some recent incidents of civilian killings, it was said that Jammu and Kashmir was returning to the 1990s -- when militancy was at its peak in the Valley.
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- India
The fruits of business investments and industries brought into Jammu and Kashmir after 2019 will be visible by the next year, even as the administration is working to achieve a target of securing investments worth Rs 75,000 crore, a top government officer said.
Till now, the erstwhile state has received investment proposals worth Rs 56,867 crore and this is expected to generate more than 2.62 lakh jobs for the youth in the coming times, said the officer who did not wish to be named.
The special status of the erstwhile state of Jammu and Kashmir was revoked with the abrogation of Article 370 of the Constitution on August 5, 2019 and it was divided into two union territories -- Jammu and Kashmir, and Ladakh.
''The Union Territory of J&K has also attracted a lot of interest from foreign investors and this can be pegged at about Rs 3,000 crore,'' the officer told a group of visiting journalists here on Saturday.
Jammu and Kashmir is a ''good package'' as it offers natural advantages in terms of resources and logistics, and this cannot be matched by many other states or union territories, he said.
''It is being said that the business investment made here post-August 2019 is not visible but the fact is that getting industries operational on the ground usually takes about three years.
''We had COVID-19 for two years (2020 and 2021) and things started picking up from September last year,'' he added.
The results will be visible in another year and about 500 industries will start by the next month itself, the officer asserted.
''We want to take the investments in J&K to Rs 75,000 crore and we are confident we will be able to do it in the near future,'' he said.
The union territory administration has processed and allotted land to 1,600 investors. Out of these, 800 investors have deposited the requisite funds with the government and 110 have even started work, he said.
According to the officer, two main challenges faced by the current administration are ''fighting the narrative war and ensuring speed of development works''.
After some recent incidents of civilian killings, it was said that Jammu and Kashmir was returning to the 1990s -- when militancy was at its peak in the Valley. However, no one sees that incidents of stone pelting and civilian casualties during law and order events are ''absolutely nil'', he said.
''We are determined to eliminate the scourge of terrorism from J&K... (and it) has been brought to the lowest levels,'' the officer said.
Earlier (before 2019), one-third of the productive time was lost to bandhs and protest calls but that is not the case now, he said, adding that over the last two years, not a single day has been lost due to these reasons.
In fact, we have some very encouraging ''low-hanging fruits'' available here now like a number of power projects, roads, highway networks and railways, he said.
The people of J&K are extremely warm towards tourists and investors, he added.
Government officials said packaging, cold storage, logistics, food processing, pharmaceuticals, medical tourism and education companies are investing and showing interest in potential business opportunities in the region.
A big company known for its plush malls has shown interest besides the film industry, the officer said.
''Today, we are moving to a more and more normal situation and a predictable environment in J&K,'' he said.
Not only investors, he said, but the common people here can also expect a transparent system now, a departure from the opaque processes that prevailed earlier.
The officer claimed that the J&K administration has given government jobs in the ''most transparent'' manner in the last two years.
Earlier, 70 per cent of these government jobs were given through the ''back door'' or illegally but now it is only on the basis of merit, he claimed.
The officer said while the administration has ''saturated'' wage-based employment, it will soon achieve the same with regard to self-employment and with industries coming to the union territory, locals will also get jobs.
''We hope that new industries coming up here will provide about 2.5 lakh jobs, while the agriculture sector, on which we are working extensively, will also generate an equal number of new jobs,'' he said.
There is no denying the fact that government jobs will be ''limited'', he said.
The officer refuted allegations of corruption in the Panchayati Raj system, saying since e-tendering was initiated (after August 2019) the cost of work has come down by 30-40 per cent.
''We in the administration can assure that only e-tendering will be done when it comes to granting contracts for civil and public works and the earlier system of nomination-based award of work will not be done,'' he said.
''We have completed 12 per cent more work over the last two years and as compared to the earlier times,'' he claimed.
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)
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1.07 lakh youth given jobs in TN through mega employment camps: Minister | https://www.devdiscourse.com/article/business/2266680-results-of-post-2019-investments-in-j-k-to-be-visible-by-next-year-official | 2022-11-27T12:13:39 | en | 0.970059 |
3 killed in road accident in UP's Ghazipur
- Country:
- India
Three people, including a couple, were killed when their car was hit by an unidentified vehicle in Nandganj area here, police said on Sunday.
The accident took place on Saturday night, they said.
Neeraj Kumar (45), his wife Moni (41), and friend Alok Kumar (44), all residents of Bihar, were on their way to Prayagraj when their car was hit from behind, they said.
No arrests have so far been made, police said.
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)
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IDBI Bank to continue as 'Indian private sector bank' post strategic sale; govt's 15 pc residual stake to be considered public holding
- Country:
- India
IDBI Bank will continue to operate as an 'Indian private sector bank' after its strategic sale and the government's residual 15 per cent stake in the lender post privatisation will be considered as 'public shareholding', the finance ministry said on Sunday.
An 'appropriate dispensation' for the new owner to achieve minimum public shareholding (MPS) over an extended period is under consideration and the winning bidder will have no restriction on undertaking corporate restructuring of the subsidiaries of IDBI Bank, it added.
These clarifications are part of the responses by the Department of Investment and Public Asset Management (DIPAM), under the finance ministry, to potential investors' pre-EoI queries.
The government had on October 7 invited bids for privatising IDBI Bank and said that it together with LIC will sell a total of 60.72 per cent stake in the financial institution.
The last date for putting in Expression of Interest (EoI) or preliminary bids is December 16.
The government and LIC together hold 94.72 per cent stake in IDBI Bank. The successful bidder would be required to make an open offer for acquisition of 5.28 per cent public shareholding.
Pursuant to the transaction, the government will own 15 per cent stake and LIC 19 per cent shareholding in IDBI Bank, taking their total holding to 34 per cent.
To a query on whether the government and LIC will have any board seats or participate in the management and governance of IDBI Bank after the sale, DIPAM said ''the Bidders are informed that GOI (Government) has already made application for reclassification of its shareholding as 'public'. Further, the details regarding such aspects will be provided in the definitive documents (including the Share Purchase Agreement) shared with the QIPs (Qualified Interested Parties) at the RFP stage''.
To another query, DIPAM said the aspects in respect of treatment of GOI's residual shareholding and the appropriate transition period for MPS compliance are under due consideration and would accordingly be communicated to the QIPs at the request for proposal (RFP) stage.
''As regards the MPS requirements, the appropriate dispensation is under consideration. Further clarification would be provided at the RFP stage,'' the DIPAM said to a query on whether an extended timeline will be provided for the merged entity to comply with MPS requirements.
Under the Sebi's minimum public shareholding norms, listed entities need to have at least 25 per cent public shareholding, subject to certain conditions.
On whether IDBI Bank will be reclassified as a wholly-owned subsidiary in the event that the successful bidder is a foreign bank, DIPAM said, ''The Target (IDBI Bank) shall post consummation of the transaction continue to function and operate as an Indian private sector bank.'' Investors also sought clarification whether corporate restructuring (including merger and demerger) is permitted for subsidiaries of IDBI Bank.
''Subject to extant RBI regulations/directions and other requirements as RBI or respective regulator may stipulate, there are no restrictions under the PIM for undertaking any corporate restructuring for the subsidiaries of IDBI Bank, post consummation of the transaction,'' DIPAM said.
PIM stands for preliminary information memorandum.
IDBI Bank has subsidiaries like IDBI Asset Management, IDBI Trusteeship Services and IDBI MF Trusteeship Company.
Another query pertained to whether the successful bidder would be required to seek SEBI approval for a change in control of the asset management company; and/or change in sponsor of IDBI Mutual Fund, or will the government provide a general exemption.
''The appropriate dispensation/exemption in this regard are under discussions and shall be suitably advised at the RFP stage in consultation with SEBI,'' it said.
The DIPAM further said IDBI Bank is presently handling Indo-Iranian trade transactions bilaterally under the Rupee Payment Mechanism (RPM) for goods of humanitarian assistance --- medicines, medical devices, agricultural commodities and food items.
''Suitable arrangements regarding the continuity of this Rupee Payment mechanism will be considered at the RFP stage,'' it added.
The ownership of the brands / logos / trademarks / trade names used by IDBI Bank, rights to which are owned by it presently, shall continue to vest with the lender (and its subsidiaries) post consummation of the transaction.
''It is envisaged that all intellectual property owned by IDBI Bank would be a part of the transaction on a going concern basis,'' it noted.
The group companies/associate companies of IDBI Bank shall be transferred on an 'as-is-where-is' basis; and the extant FDI guidelines have to be complied with by the successful bidder/IDBI Bank.
Further details in this regard would be provided to the QIPs in the VDR (virtual data room), DIPAM said.
Interested bidders would have to clear RBI's 'fit and proper' assessment and get security clearance from the government/home ministry in the EoI stage itself to be able to access IDBI Bank's data room for due diligence. DIPAM had earlier said potential investors should have a minimum net worth of Rs 22,500 crore and must report net profit in three out of the past five years to be eligible for bidding for IDBI Bank. Also, a maximum of four members would be allowed in a consortium.
The successful bidder would be required to mandatorily lock-in at least 40 per cent of the equity capital for five years from the date of acquisition.
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)
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- IDBI Bank's
- Department of Investment
- Suitable
- Public Asset Management
- IDBI Mutual Fund
- this Rupee Payment
- IDBI
- Bidders
- the finance ministry
- Indo-Iranian | https://www.devdiscourse.com/article/business/2266696-idbi-bank-to-continue-as-indian-private-sector-bank-post-strategic-sale-govts-15-pc-residual-stake-to-be-considered-public-holding | 2022-11-27T12:13:56 | en | 0.935811 |
IIT Madras, Australian varsities to launch 'Australia-India Centre for Energy' to work on SDGs
- Country:
- India
The Indian Institute of Technology (IIT), Madras is partnering with Australian Universities to launch ''Australia-India Centre for Energy'' to work on UN Sustainable Development Goals (SDGs).
According to officials, the AICE aims to promote collaboration among universities, research institutes and industry from both countries in the energy domain. The virtual Centre will be launched during the two-day Energy Summit 2022 hosted by IIT Madras in December.
IIT Madras and Deakin University in Australia are taking the lead in coordinating and driving the engagement amongst the partners and with external stakeholders, to grow collaborations between government departments, funding agencies and individual researchers in both countries.
Raghunathan Rengaswamy, Marti Mannariah Gurunath Institute Chair Professor and Dean (Global Engagement), explained that all partners will have an equal footing and the Australian Trade and Investment Commission will be a catalyst to foster partnerships with industry in the sector from both countries to the Centre.
''The Centre will bring together multi-disciplinary capabilities from Australian and Indian partners to work on translational research and build capabilities to address the global energy challenge,'' said K Baskaran, Pro Vice Chancellor International Research Partnerships, Deakin University, Australia.
''It will also be a catalyst to develop partnerships with other centres in South Asia and ASEAN regions to develop innovative and sustainable solutions for the Global challenges,'' Baskaran said.
The key mission of the Centre will be to enable deep collaborations between Australia and India in the energy sector through transformative research, technology development and deployment.
The AICE will aim to become a leading bilateral platform on SDG 7 and other related SDGs for academics, industries and government agencies to engage in science, technology, economics, policy and governance.
Sarah Kirlew, Australian Consul-General for South India, said, “Australia and India are comprehensive strategic partners, with close cooperation across areas of strategic importance, including critical minerals, clean technology, education and innovation. Our two countries are home to world-leading innovators and researchers''. According to IIT Madras officials, the immediate focus of the AICE will be to develop joint educational programmes, online MTech courses and capacity building through certification programmes and diploma, extension centres and training.
''The founding members of the AICE will work on joint problem statements, use mobility grants, and develop joint proposals for bilateral funding support,'' a senior official said.
''The Centre will work to promote seamless research and development by identifying sister labs, where complementary research potential and infrastructure exist and facilitate the movement of research scholars, faculty, Young International Fellows (YIF) and Global Research Fellows (GRF),'' the official said.
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)
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Innovator Sonam Wangchuk bags Dr Paulos Mar Gregorios award
Instituted by the Sophia Society of the Malankara Indian Orthodox Church, the award is given every alternate year in the memory of the first Metropolitan of Delhi Diocese and noted philosopher Dr Paulos Mar Gregorios. The award was presented during a function at St Thomas School in Indirapuram, Ghaziabad.
- Country:
- India
Sonam Wangchuk, the Ladakh-based engineer whose life inspired a character in Bollywood blockbuster ''3 Idiots'', was on Sunday awarded the seventh Dr Paulos Mar Gregorios Award by former Vice President Venkaiah Naidu. Instituted by the Sophia Society of the Malankara (Indian) Orthodox Church, the award is given every alternate year in the memory of the first Metropolitan of Delhi Diocese and noted philosopher Dr Paulos Mar Gregorios. The award was presented during a function at St Thomas School in Indirapuram, Ghaziabad. Speaking at the event, Naidu hailed the role of social and religious organizations in ensuring a sustainable development of the world we live in.
Born in Uleytokpo, near Alchi of Leh district, 56-year-old Wangchuk has also won Ramon Magsasay award for his community-driven reform of learning systems in remote northern India, thus improving the life opportunities of Ladakhi youth.
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)
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Rare photos, artefacts restored by Bengal govt office to be housed in museum: Official
- Country:
- India
The treasures tucked away in the storeroom of a West Bengal government office in a secretariat building in Kolkata are likely to find a place in a museum soon as the authorities concerned are planning to set up a repository here, an official said on Sunday. Black and white photographs of a steam-driven tram on the roads of the second city of the British Empire and another of a pontoon bridge which preceded the iconic Howrah Bridge over the Hooghly river among other articles of antiquity are in the possession of the Office of Administrator General and Official Trustee of West Bengal.
''We are in search of a proper building to store these artefacts. I am in talks with the Calcutta High Court. Hopefully, a decision about the proposed museum will be taken and an announcement to this effect will be made very soon,'' Biplab Roy, the Administrator General and Official Trustee, told PTI. A certificate issued to Paul Gregory Melitus, the 1880 topper from Bengal Presidency of the coveted ICS examination, an ivory replica of the Holwell Monument, besides a 1919 book on public hygiene written by an Indian doctor during the outbreak of the Spanish flu contagion, are among the treasures discovered and now being carefully restored by the office. Roy said his office is continuing its pursuit to recover antiques lying in different parts of the state.
''Very recently, we have been given 200 antique rifles from a police station dating back to the 19th century, sharp-edged weapons, a 12th century Vishnu idol from Bagnan in Howrah district and another centuries-old figurine from Khardah in North 24 Parganas district,'' Roy said.
A British-era law dating to 1849 created the office which looks after the property of any citizen who dies without any heir or next of kin. Most of those whose properties came under the administrator’s charge were Britons who died while working or doing business here and had no one who came forward to claim their estate.
Many of these antique objects, which include thousands of sepia-tinted photographs dating from the 19th century to the early 20th century along with tonnes of documents and artefacts stashed away in leather folios and trunks were spotted in the storeroom of the administrator general and official trustee and taken up for restoration work, he said.
''Over 1,000 photos have already been restored and are now in the safe custody of the office but we want to have a proper and permanent place for them where state-of-the-art facilities will be available,'' Roy said.
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)
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Navy week: More than 4,000 students visit ships on Sat-Sun
During the visit, the students saw a static display of various weapons in Indian Navys inventory, including surface-to-air and surface-to-surface missiles, and torpedoes launched by ships, submarines and aircraft, he said. The aim of such visits is to expose the next generation to the operations, activities, roles and relevance of the Indian Navy as an instrument of national policy, he added.
- Country:
- India
Ships of the Western Fleet hosted around 4,000 children from more than 20 schools from across the country on Saturday and Sunday as part of Navy Week 2022.
A Naval spokesperson said in a statement students from the National Cadet Corps, Sainik schools, Rotary schools, private and government schools, and National Association for the Blind visited the ships over two days.
''They were conducted onboard and familiarised with the operational capabilities and roles played by Indian Navy in ensuring maritime security of the nation. During the visit, the students saw a static display of various weapons in Indian Navy's inventory, including surface-to-air and surface-to-surface missiles, and torpedoes launched by ships, submarines and aircraft,'' he said. ''The display also included small calibre weapons used in the Navy. Movies on various operations undertaken by the Navy and on life at sea were also screened for them. The aim of such visits is to expose the next generation to the operations, activities, roles and relevance of the Indian Navy as an instrument of national policy,'' he added.
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)
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Actor Vishnuvardhan's memorial to be opened before Dec: CM
- Country:
- India
Karnataka Chief Minister Basavaraj Bommai on Sunday said the late Kannada actor Vishnuvardhan's memorial, which is under construction in Mysuru, will be opened before December.
Addressing reporters after attending the housewarming ceremony of the newly-built house belonging to Vishnuvardhan at Jayanagar here today, he said Bharati Vishnuvardhan had personally come and invited him for the housewarming function.
The house in which Dr Vishnuvardhan had lived has been beautifully renovated and one can see her hard work and efforts behind this remodelled house.
''The Vishnuvardhan memorial work will complete soon, and it has been decided to inaugurate it in a grand-scale. Further details will be finalised after discussing with his family members. Dr Vishnuvardhan was a great actor and the function will be organised according to his stature,'' Bommai added.
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.) | https://www.devdiscourse.com/article/entertainment/2266699-actor-vishnuvardhans-memorial-to-be-opened-before-dec-cm | 2022-11-27T12:14:47 | en | 0.97438 |
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Siddharth Chauhan's 'Amar Colony' wins special jury prize at Tallinn Black Nights Film Festival
- Country:
- India
Debutant director Siddharth Chauhan's feature film ''Amar Colony'' has won the special jury prize at the 26th Tallinn Black Nights Film Festival, the makers said Sunday.
According to a press release, the movie is the only Indian title which was showcased in the 'First Feature Competition' at the festival, held annually in Estonia's capital Tallinn.
Starring Nimisha Nair, Sangeeta Agrawal and Usha Chauhan, the Shimla-set ''Amar Colony'' revolves around three women going through their mundane lives, representing the human condition, in a chawl.
Chauhan said he is excited about the film winning an award at the prestigious gala where the movie had its world premiere.
''I am so overwhelmed with the love which the European audience and POFF (Festival) have shown towards our film. I really didn't expect such a response to my film! I want to thank the jury for considering us worth it,'' the director said in a statement.
Therese Malvar, the co-juror for the 'First Feature Competition', said the jury presented the honour to ''Amar Colony'' for originality of vision.
''This film delighted us with a bold and innovative presentation of a small town community whose frank sensuality and unabashed pursuit of urges, both human and divine, are set against the resonant backdrop of a culturally rich and deeply personal setting. ''The director daringly takes us by the hand and leads us on a journey to his world, introducing us to his characters and their lives with affection and often with humor,'' Malvar said.
'''Amar Colony' winning the Special Jury Award is a dream come true. Siddharth Chauhan is a filmmaker to watch in the years to come,'' added producer Nisheeth Kumar of Indie Film Collective.
The film is produced in association with ‘Goopy Bagha Productions’.
''Amar Colony'' will have its India premiere in the ‘Indian Cinema Now’ section at the 27th International Film Festival of Kerala (IFFK), which will be held from December 9-16 in Thiruvananthapuram.
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.) | https://www.devdiscourse.com/article/entertainment/2266715-siddharth-chauhans-amar-colony-wins-special-jury-prize-at-tallinn-black-nights-film-festival | 2022-11-27T12:14:57 | en | 0.959378 |
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Monkeys in central Thailand city mark their day with feast
As the carefully prepared feast was brought toward the temple, the ravenous creatures began to pounce and were soon devouring the largely vegetarian spread.While the entertainment value of the festival is high, organisers are quick to point out that it is not just monkey business.This monkey feast festival is a successful event that helps promote Lopburis tourism among international tourists every year, said Yongyuth Kitwatanusont, the festivals founder.Previously, there were around 300 monkeys in Lopburi before increasing to nearly 4,000 nowadays.
- Country:
- Thailand
A meal fit for monkeys was served on Sunday at the annual Monkey Feast Festival in central Thailand. Amid the morning traffic, rows of monkey statues holding trays were lined up outside the compound of the Ancient Three Pagodas, while volunteers prepared food across the road for real monkeys — the symbol of the province around 150 kilometers (93 miles) north of Bangkok.
Throngs of macaque monkeys ran around, at times fighting with each other, while the crowds of visitors and locals grew. As the carefully prepared feast was brought toward the temple, the ravenous creatures began to pounce and were soon devouring the largely vegetarian spread.
While the entertainment value of the festival is high, organisers are quick to point out that it is not just monkey business.
"This monkey feast festival is a successful event that helps promote Lopburi's tourism among international tourists every year," said Yongyuth Kitwatanusont, the festival's founder.
"Previously, there were around 300 monkeys in Lopburi before increasing to nearly 4,000 nowadays. But Lopburi is known as a monkey city, which means monkeys and people can live in harmony." Such harmony could be seen in the lack of shyness exhibited by the monkeys, which climbed on to visitors, vehicles and lampposts. At times the curious animals looked beyond the abundant feast and took an interest in other items. "There was a monkey on my back as I was trying to take a selfie. He grabbed the sunglasses right off my face and ran off on to the top of a lamppost and was trying to eat them for a while," said Ayisha Bhatt, an English teacher from California working in Thailand.
The delighted onlookers were largely undeterred by the risk of petty theft, although some were content to exercise caution.
"We have to take care with them, better leave them to it. Not too near is better," said Carlos Rodway, a tourist from Cadiz, Spain, having previously been unceremoniously treated as a climbing frame by one audacious monkey. The festival is an annual tradition in Lopburi and held as a way to show gratitude to the monkeys for bringing in tourism. This year's theme is "monkeys feeding monkeys," an antidote to previous years where monkey participation had decreased due to high numbers of tourists, which intimidated the animals.
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)
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