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Federal judge strikes down Tennessee bathroom signage law
NASHVILLE, Tenn. (AP) — A federal judge on Tuesday struck down Tennessee’s first-of-its-kind law requiring businesses to post special signs if they allow transgender people to use the bathroom of their choice.
The ruling by U.S. District Judge Aleta Trauger makes permanent her previous decision from July 2021 that blocked enforcement of the law just days after it took effect. Businesses had sued over the law, arguing the signs would violate their First Amendment rights by compelling them to communicate language they find offensive.
In her latest decision, the judge deemed the law “a brazen attempt to single out trans-inclusive establishments and force them to parrot a message that they reasonably believe would sow fear and misunderstanding about the very transgender Tennesseans whom those establishments are trying to provide with some semblance of a safe and welcoming environment.”
The 2021 law was signed by Republican Gov. Bill Lee, who has approved a wide range of bills targeting the LGBTQ community with the support of the state’s GOP-controlled Legislature. In the past several years, Tennessee has enacted more anti-LGBTQ laws than almost any other state in the country, with five approved last year and more signed this year.
The signage law was quickly met by multiple federal lawsuits. It was inserted into the state building codes and threatened potential violators with a warning followed by a misdemeanor offense, punishable by up to six months in jail and up to a $500 fine. Officials had conveyed unclear messages about how the measure was going to be enforced.
The law would have required that signs be posted in bold, uppercase letters outside public multiperson bathrooms, locker rooms or changing rooms wherever transgender people are not prevented from using the facilities of their choice. The sign, topped by the word “Notice,” would say: “This facility maintains a policy of allowing the use of restrooms by either biological sex, regardless of the designation on the restroom.”
The law also applied to public facilities on government-owned grounds.
The state of Tennessee has argued in court that the signs are merely factual. A spokesperson for the state attorney general’s office did not immediately provide a comment in response to the ruling.
The law’s sponsor, Republican state Rep. Tim Rudd, has said the law was needed because he is concerned about sexual predators taking advantage of loose restroom policies to assault or rape other restroom users.
The judge, meanwhile, wrote that there was nothing in the legislative record or in the course of the court challenge provided as evidence for the claims of supposed risk of sexual assault or rape, and no reason to think the signs would address such an alleged issue.
She wrote that state officials were relying on an “imagined consensus on issues of sex and gender” and “have no authority to wish those opposing viewpoints away.”
Bob Bernstein and his restaurant company are plaintiffs in the case brought by the American Civil Liberties Union and its state chapter. Bernstein said Tuesday that the “government can’t just force people to post discriminatory, inaccurate, and divisive signs in their places of business.”
___
Kimberlee Kruesi in Nashville contributed to this report.
Copyright 2022 The Associated Press. All rights reserved. | https://www.mysuncoast.com/2022/05/17/federal-judge-strikes-down-tennessee-bathroom-signage-law/ | 2022-05-17T21:45:57Z |
Atlanta Falcons safety asks for help locating Uvalde survivor seen wearing jersey
ATLANTA, Ga. (WGCL/Gray News) – Atlanta Falcons safety Dean Marlowe is calling on his social media followers to help him find a young survivor of the horrific Uvalde school shooting after the boy was seen wearing his jersey number during an interview.
In a tweet, Marlowe asked for help getting in contact with the boy’s family after he was seen on camera wearing a Falcons hat and No. 21 jersey, Marlowe’s number.
“Someone help me get in touch with this family. I would love to send some signed gear,” he tweeted.
The child, who has been identified by his first name Daniel, described to CNN in an interview how the gunman approached his classroom, recalling the moments he saw the shooter’s face.
In the interview, Daniel said he survived the shooting by first “hiding under a table next to the wall” and later climbing out of a broken window to escape, cutting his hand on some glass. His cousin, Ellie Garcia, was in a different classroom and was killed.
On May 24, the day of the shooting, Marlowe shared his shock and heartbreak on Twitter, writing, “my heart goes out to the victims, families and community of Uvalde, Texas. What world are we living in? When is this gonna stop.”
The Falcons signed Marlowe to a one-year contract in March. He spent the last season with the Detroit Lions.
Copyright 2022 WGCL via Gray Media Group, Inc. All rights reserved. | https://www.mysuncoast.com/2022/05/31/atlanta-falcons-safety-asks-help-locating-uvalde-survivor-seen-wearing-jersey/ | 2022-05-31T17:22:39Z |
JetBlue agrees to buy Spirit for $3.8 billion, could become 5th-largest US airline
JetBlue Airways has agreed to buy Spirit Airlines for $3.8 billion and create the nation’s fifth-largest airline if the deal can win approval from antitrust regulators.
The agreement Thursday capped a months-long bidding war and arrives one day after Spirit’s attempt to merge with fellow budget carrier Frontier Airlines fell apart.
Spirit CEO Ted Christie is being thrust into the awkward position of defending a sale to JetBlue after arguing vehemently against it, saying that antitrust regulators would never let it happen.
“A lot has been said over the last few months obviously, always with our stakeholders in mind,” Christie said on CNBC. “We have been listening to the folks at JetBlue, and they have a lot of good thoughts on their plans for that.”
JetBlue CEO Robin Hayes has argued all along that a larger JetBlue would create more competition for the four airlines that control about 80% of the U.S. market — American, United, Delta and Southwest.
What's the impact on the Akron-Canton Airport?
Spirit operates out of the Akron-Canton Airport and offers service to Orlando, Tampa and Fort Myers in Florida and Myrtle Beach in South Carolina. The airline announced in April it would be temporarily halting services out of the Akron-Canton Airport starting it June, with plans to resume services in November.
Lisa Dalpiaz, Akron-Canton Airport's vice president of marketing and air service, said it's too early to know how the deal will affect the airport.
"What the two companies expect is that the regulatory process will conclude no later than the first half of 2024. So it's going to be a little while before we learn exactly what the next steps are," she said.
Dalpiaz also said Spirit still plans to resume daily flights to Orlando in the fall.
Spirit joined the Akron-Canton Airport in 2016.
'Spirit is going to disappear, and with it, its low cost structure.'
Shares of Spirit, based in Miramar, Florida, rose 3.5% at the opening bell Thursday, to $25.15, still below the price that JetBlue is offering. JetBlue shares were essentially flat.
Spirit Airlines regularly ends up as the worst, or close to the worst, when airlines are ranked by the rate of consumer complaints. Still, some consumer advocates worry that fares will rise if it disappears.
Spirit and similar rivals Frontier and Allegiant charge rock-bottom fares that appeal to the most budget-conscious leisure travelers, although they tack on more fees that can raise the cost of flying.
"Spirit is going to disappear, and with it, its low cost structure," said William McGee of the anti-merger American Economic Liberties Project. "Once Spirit is absorbed (into JetBlue), there is no question that fares are going to go up."
Others, however, say that Frontier will grow — it has a large number of planes on order — and fill any gap left by Spirit in the cheapest segment of the air-travel market.
JetBlue and Spirit will continue to operate independently until the agreement is approved by regulators and Spirit shareholders, with their separate loyalty programs and customer accounts.
The companies said they expect to conclude the regulatory process and close the transaction no later than the first half of 2024. If that happens, the combined airline would be based in JetBlue’s hometown of New York and led by Hayes. It would have a fleet of 458 planes.
JetBlue said Thursday that it would pay $33.50 per share in cash for Spirit, including a prepayment of $2.50 per share in cash payable once Spirit stockholders approve the transaction. There is also a ticking fee of 10 cents per share each month starting in January 2023 through closing to compensate Spirit shareholders for any delay in winning regulatory approval.
If the deal doesn’t close due to antitrust reasons, JetBlue will pay Spirit a reverse break-up fee of $70 million and pay Spirit shareholders $400 million, minus any amounts paid to the shareholders prior to termination.
Spirit and Frontier announced their plan to merge in February, and Spirit’s board stood by that deal even after JetBlue made a higher-priced offer in April. However, Spirit’s board could never convince the airline’s shareholders to go along. A vote on the merger was postponed four times, then cut short Wednesday when Spirit and Frontier announced they were terminating their agreement, which made a Spirit-JetBlue coupling inevitable.
JetBlue anticipates $600 million to $700 million in annual savings once the transaction is complete. Annual revenue for the combined company is anticipated to be about $11.9 billion, based on 2019 revenues.
Includes reporting by The Associated Press, USA TODAY writer Zach Wichter and Repository staff writer Paige Bennett. | https://www.cantonrep.com/story/news/2022/07/28/jetblue-agrees-buy-spirit-day-after-frontier-deal-falls-through/10172628002/ | 2022-07-28T19:54:49Z |
Bonneville Baseball picks up third win against Shelley in less than 36 hours
IDAHO FALLS, Idaho (KIFI) - As the Bonneville Bees settled in to their matchup with the Shelley Russets Thursday afternoon, the Bees took the lead and pulled away for another dominating win against the Russets.
Bonneville initially took the lead in the third inning and never surrendered it, adding two runs to the scoreboard in each of the next three innings.
The Bees were just too much to handle for Shelley in the six-point Bonneville win.
Next up, Bonneville and Shelley both travel south, as the Bees face Highland Friday at 3:30 p.m. while the Russets take on Firth in a Saturday doubleheader starting at 1:00 p.m. | https://localnews8.com/sports/local-sports/2022/03/31/bonneville-baseball-picks-up-third-win-against-shelley-in-less-than-36-hours/ | 2022-04-01T04:20:18Z |
Thirty years later, "A League of Their Own" receives a major makeover in a narratively ambitious but uneven Amazon series, providing timely filters on the World War II-era drama while dialing down the laughs. Specifically, the show considers what it was like to be a lesbian or Black during that period, operating along parallel tracks on a slow march through the season.
The basic bones of the story popularized by the Penny Marshall-directed film haven't changed -- focusing on the all-female baseball league that cropped up during the war -- and yes, somebody still says "There's no crying in baseball," eventually. But the emphasis has shifted, with the manager's role (there Tom Hanks, here Nick Offerman) significantly reduced and the casual misogyny of the times significantly enhanced.
That unfolds primarily through two stories: Carson (Abbi Jacobson, who also co-created the series with Will Graham), who runs away from home while her husband's serving in order to play, and comes to some major realizations about herself; and Max (Chanté Adams), who possesses a killer fastball but can't play because Black people are excluded from the women's league, as they were from the majors until after the war.
They're surrounded by a colorful cast of characters, starting with the alluring and seemingly free-spirited Greta ("The Good Place's" D'Arcy Carden), who has her own system -- "The rules that I have to keep myself safe," as she puts it -- for surviving this male-dominated world; and Clance (Gbemisola Ikumelo, especially good), Max's married friend, who's supportive of her baseball dreams but clearly yearns for her to join the settled-down club.
Mostly, the series serves as a reminder that the good ol' days weren't so good for everyone -- hearing male announcers say sexist things like "These diamond girls are still homemakers at heart!" -- while capturing the ignorance that surrounded disempowered groups, with one straight women fretting about being around gay people, having been told that it "spreads like the flu."
In essence, the producers have traded in the nostalgia factor that drove the original for a more unflinching look at the romanticized image of those years, and what it meant to be a woman, Black or gay, in that last case, where sneaking around was the norm and underground clubs lived with the fear of police raids at a moment's notice.
Rosie O'Donnell has a brief cameo, serving as a nod to the movie, but to their credit, Jacobson and Graham have clearly set out to construct something new and distinctive around the equity in the title.
That's all to the good, though not as much with the pace of the storytelling, which especially during the first half of the eight episodes moves about as swiftly as a bunt down the third-base line. Things do pick up thereafter as the relationships build, and this "League" ends on a note that indicates the hope for more baseball in its future.
Inevitably building toward a big game, "A League of Their Own" doesn't go down in the box score as an unqualified success -- it's basically a solid single -- but credit the producers with an interesting idea, slickly produced, which feels a bit too stretched and slow spread over eight episodes. In terms of the streaming field, that's a league, frankly, in which the show has plenty of company.
"A League of Their Own" premieres Aug. 12 on Amazon Prime.
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accounts, the history behind an article. | https://www.albanyherald.com/entertainment/a-league-of-their-own-gets-a-makeover-in-an-ambitious-but-uneven-amazon-series/article_16b70ceb-d59c-53ba-bf7e-699823d19c88.html | 2022-08-11T18:02:00Z |
AUBURN HILLS, Mich., June 1, 2022 /PRNewswire/ --
- 60-second Jeep® brand commercial celebrating the arrival of Universal Pictures and Amblin Entertainment's new epic adventure "Jurassic World Dominion" launches across Jeep brand social media channels, including Instagram, Facebook and TikTok, beginning June 1; 30-second version to run across television
- "Jurassic World Dominion" arrives in theaters worldwide on June 10, 2022
- Video features Jeep Wrangler 4xe, with a baby Carnotaurus along for the ride, in addition to the all-new Jeep Grand Cherokee 4xe
- The baby Carnotaurus was created specifically for the Jeep brand spot. It has not been seen as an infant in any previous Jurassic film
- The global campaign will run in markets around the world, including in North America, Europe, Middle East and Asia Pacific
- Drive-in events for Jeep Wave members will showcase the film at outdoor venues in cities across the U.S. on June 8 and 9
- Campaign launches in the U.S on National Dinosaur Day, today, June 1, 2022
The Jeep® brand and Universal Pictures are teaming up once again, this time to launch Universal and Amblin Entertainment's new "Jurassic World Dominion," the epic conclusion to the Jurassic era, which has thrilled fans around the globe for almost three decades and has earned more than $5 billion worldwide. "Jurassic World Dominion" arrives in theaters everywhere June 10.
The Jeep brand's global campaign will run in markets around the world, including in North America, Europe, Middle East and Asia Pacific.
The marketing campaign in the U.S. will include a 30-second broadcast spot, content across Jeep brand's social media channels, including an extended one-minute version of the TV spot and behind-the-scenes footage showing the making of the commercial, plus experiential events where members of the Jeep Wave community will be able to register to see the new film in select cities across the U.S.
"Almost 30 years ago, moviegoers saw Dr. Ian Malcom escape danger from dinosaurs in the original 'Jurassic Park' film while riding in the back seat of a 1992 Jeep Wrangler," said Olivier Francois, global chief marketing officer, Stellantis. "We paid homage to that iconic scene in the Jeep brand's 2018 Big Game commercial, which then featured the new Jeep Wrangler, as the next extension of our relationship with Universal Pictures. Here we are now in 2022, and we continue to see the evolution of the Jeep brand around the world with electric plug-ins, including the Jeep Wrangler 4xe and Grand Cherokee 4xe, which are quite literally charged for any adventure, this time with a four-legged passenger of a different kind riding along in the front seat."
"The Jeep brand has substantially expanded in the three decades since the first appearance of the Wrangler in the original 'Jurassic Park' film," said Christian Meunier, Jeep brand CEO. "We have entered into new SUV segments, we have increased our global production footprint and, with the rollout of our 4xe electrified portfolio that includes the Wrangler 4xe, the Jeep brand is developing the most capable and sustainable 4x4 vehicles in the world, satisfying the needs of our expanding global Jeep community."
"The 'Jurassic' film series is known for its epic scope and thrilling action and 'Jurassic World Dominion' is taking audiences on an adventure where no 'Jurassic' film has gone before," said David K. O'Connor, president, franchise management, brand management and global partnerships for Universal Pictures. "The Jeep brand has been driving our audiences on unimaginable adventures, on-screen and off, since the first film in 1993 and we're thrilled to share the road with them, this time and every time."
The one-minute Jeep brand commercial shows a Jeep Wrangler 4xe owner finding a newly hatched Carnotaurus in his own yard and deciding to faithfully take care of it. He takes the baby dinosaur on off-road adventures (engaging electric mode when quiet is called for!), while inducing both wide-eyed wonder from children and panic on neighborhood streets when he takes the dinosaur for daily walks along the avenue, before finding its mother during a camping adventure … with unexpected results. Turns out it was just his imagination running wild. Or was it?
In addition to the television and social media content, the Jeep brand is offering its Jeep Wave members the opportunity to see the film at drive-in events in cities around the U.S. on June 8, including Detroit, Chicago, New York, Miami, Los Angeles, and on June 9 in Warwick, New Jersey. Jeep Wave is a premium owner-loyalty program filled with exciting benefits and perks of being a Jeep SUV owner.
The Jeep brand and the Jurassic franchise have an enduring shared history. In 2018, prior to the release of "Jurassic World: Fallen Kingdom," the Jeep brand launched a 60-second spot during the Big Game that paid homage to the iconic scene in "Jurassic Park" featuring the Jeep Wrangler.
The Jeep Wrangler, the Jeep Gladiator and a vintage Grand Wagoneer can be seen in the "Jurassic World Dominion" film.
The video was directed by Mimi Cave with the production company Reverie Content. The Jeep brand campaign was created in partnership with Chicago-based advertising agency, Highdive agency.
This summer, experience the epic conclusion to the "Jurassic" era as two generations unite for the first time. Chris Pratt and Bryce Dallas Howard are joined by Oscar-winner Laura Dern, Jeff Goldblum and Sam Neill in "Jurassic World Dominion," a bold, timely and breathtaking new adventure that spans the globe.
From "Jurassic World" architect and director Colin Trevorrow, "Dominion" takes place four years after Isla Nublar has been destroyed. Dinosaurs now live — and hunt — alongside humans all over the world. This fragile balance will reshape the future and determine, once and for all, whether human beings are to remain the apex predators on a planet they now share with history's most fearsome creatures.
"Jurassic World Dominion," from Universal Pictures and Amblin Entertainment, propels the more than $5 billion franchise into daring, uncharted territory, featuring never-seen dinosaurs, breakneck action and astonishing new visual effects.
The film features new cast members DeWanda Wise ("She's Gotta Have It"), Emmy nominee Mamoudou Athie ("Archive 81"), Dichen Lachman ("Agents of S.H.I.E.L.D."), Scott Haze ("Minari") and Campbell Scott ("The Amazing Spider-Man 2"). The film's returning cast includes BD Wong as Dr. Henry Wu, Justice Smith as Franklin Webb, Daniella Pineda as Dr. Zia Rodriguez and Omar Sy as Barry Sembenè.
"Jurassic World Dominion" is directed by Colin Trevorrow, who steered 2015's "Jurassic World" to a record-shattering $1.7 billion global box office. The screenplay is by Emily Carmichael ("Battle at Big Rock") and Colin Trevorrow from a story by Derek Connolly ("Jurassic World") and Trevorrow, based on characters created by Michael Crichton. "Jurassic World Dominion" is produced by acclaimed franchise producers Frank Marshall p.g.a. and Patrick Crowley p.g.a. and is executive produced by legendary, Oscar-winning franchise creator Steven Spielberg, Alexandra Derbyshire and Colin Trevorrow.
Universal Pictures and Amblin Entertainment present, in association with Perfect World Pictures, a Colin Trevorrow film. jurassicworld.com
Built on 80 years of legendary heritage, Jeep is the authentic SUV brand that brings capability, craftsmanship and versatility to people who seek extraordinary journeys. The Jeep brand delivers an open invitation to live life to the fullest by offering a broad portfolio of vehicles that continues to provide owners with a sense of safety and security to handle any journey with confidence. The Jeep vehicle range consists of the Cherokee, Compass, Gladiator, Grand Cherokee, Grand Cherokee 4xe, Renegade and Wrangler and Wrangler 4xe. Jeep Wave, a premium owner loyalty and customer care program that is available to the entire Jeep 4x4 lineup, is filled with benefits and exclusive perks to deliver Jeep brand owners the utmost care and dedicated 24/7 support. The legendary Jeep brand's off-road capability is enhanced by a global electrification initiative that is transforming 4xe into new 4x4 in pursuit of the brand's vision of accomplishing Zero Emission Freedom. All Jeep brand SUVs will offer an electrified variant by 2025.
Follow Jeep and company news and video on:
Company blog: http://blog.stellantisnorthamerica.com
Media website: http://media.stellantisnorthamerica.com
Jeep brand: www.jeep.com
Facebook: www.facebook.com/jeep
Instagram: www.instagram.com/jeep
Twitter: www.twitter.com/jeep
LinkedIn: www.linkedin.com/company/jeep
YouTube: www.youtube.com/thejeepchannel or https://www.youtube.com/StellantisNA
For more information, please visit the Stellantis media site for North America at https://media.stellantisnorthamerica.com.
Contact:
Diane Morgan
(248) 512-0023 (office)
(248) 881-5742 (cell)
diane.morgan@stellantis.com
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SOURCE Stellantis | https://www.wibw.com/prnewswire/2022/06/01/jeep-brand-partners-with-universal-pictures-launch-global-marketing-campaign-epic-jurassic-world-dominion-this-summer/ | 2022-06-01T17:23:43Z |
Clinical intelligence platform partners with one of Southern California's leading multi-specialty medical groups to support patients and care teams
SAN FRANCISCO, Sept. 9, 2022 /PRNewswire/ -- Memora Health, the leading technology platform for virtual care delivery and complex care management, today announced a partnership with UP Medical, a multi-specialty medical group, dedicated to raising standards and experience for chronically ill patients, so they can live their best lives. This partnership will leverage Memora's clinical intelligence platform to engage UP Medical patients between visits and reduce the burden of repetitive manual communication on UP Medical's care teams.
UP Medical's care teams will be able to practice at the top of their license with the support of Memora's natural language processing and artificial intelligence technology, which triages patient-reported symptoms and concerns while automating repetitive tasks, such as answering frequently asked questions and setting up recurring reminders and check-ins. In addition, UP Medical's patients using Memora's SMS-based platform will receive proactive outreach to ensure adherence to care plans, resulting in earlier interventions, more frequent touch points with their care teams, and ultimately, better health outcomes.
"We're very excited to partner with UP Medical and roll out our platform across the multi-specialty medical groups to modernize their care delivery and empower care teams to spend less time on screens and more time being the superhumans they were trained to be," said Manav Sevak, co-founder, and CEO of Memora Health. "It is clear how forward-thinking the team at UP Medical is regarding how they want to empower their care teams and patients. Likewise, at Memora, we're also committed to empowering clinicians and patients: our technology enables clinicians to practice at the top of their license while simultaneously supporting patients throughout their care journeys."
Memora's platform will initially be used by UP Medical's Southern California-based medical groups specializing in behavioral health, substance use disorder, vascular care, and podiatry. UP Medical, which is in a period of significant growth and has increased its staff by over 50 percent in the past year, will leverage Memora's platform to enable increased scalability and ensure a seamless experience for patients as well as their care teams.
"At UP Medical, we're committed to meeting patients where they are and reimagining health care as we know it," said Annie Willett-Thomas, Vice President of Healthcare Strategy and Operations at UP Medical. "We're thrilled to partner with Memora to increase patient engagement outside our clinic walls and enable our care teams across specialties to prioritize critical patient needs and spend less time on routine, time-consuming tasks."
Memora Health helps healthcare organizations digitize and automate care journeys, making complex care delivery simple for patients and clinicians to navigate. Memora Health ingests existing data on clinical workflows, converts them into cohesive messaging journeys that guide patients through their care episodes, and automates the completion of simple follow-up tasks in the EHR. Memora's platform reduces care team notifications by nearly 40%, has an average patient NPS over 70, and improves engagement and clinical outcomes across diverse populations. Memora Health is headquartered in San Francisco, CA, with clients and team members worldwide. For more information about Memora Health, visit memorahealth.com.
UP Medical is a multi-specialty medical group, dedicated to raising standards and experience for chronically ill patients, so they can live their best lives. We do this by curating and cultivating patient-centric care journeys through a collaborative, tech-enabled ecosystem with a value-based, whole person care approach. We recognize the neurological evidence of the mind-body connection, and the role it plays in treatment intervention. This is why we go well beyond the medical paradigm, and its compartmentalized manner of providing specialty care, into the wellness paradigm. Within this holistic paradigm, the goal for our patients is to thrive, not simply survive. For more information about UP Medical, visit upmedical.com.
Media Contact: Kala Meadows, press@memorahealth.com
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SOURCE Memora Health | https://www.wibw.com/prnewswire/2022/09/09/memora-health-announces-partnership-with-up-medical-reduce-care-team-burden-engage-patients-outside-clinic-walls/ | 2022-09-09T14:33:13Z |
Coachmen Adrenaline Toy Haulers are Known for their Luxury Lightweight Toy Hauler RVs that are Loaded with Amenities
LEXINGTON, N.C., Aug. 14, 2022 /PRNewswire/ -- The founders of Country Roads RV Center are proud to announce that they have been an authorized dealer for the Adrenaline line of RVs for 2 years.
To learn more about Country Roads RV Center, please visit https://www.crrvc.com/adrenaline-toy-haulers-rv-dealer/.
As a company spokesperson noted, since Country Roads RV Center opened its doors in 2008, the company has strived to offer only the highest quality, 5th wheels, travel trailers, and toy haulers.
Now, as one of the largest dealers in the state, Country Roads RV Center has grown to offer a full service and parts department. The family-owned and operated dealership strives to give their customers the most enjoyable experience possible.
"Our mission is to provide high-quality new and used RVs to our customers. At the same time, we understand that travel trailers, 5th wheels, and motorhomes are not created equally. Because of this, we do a thorough analysis of new product lines we carry prior to making the decision to place them in our inventory," the spokesperson noted, adding that after reviewing the Adrenaline makes and models, it was an easy decision to add these outstanding RVs to their lineup of products.
The Adrenaline 21LT is a unique small toy hauler with a deep slide in the bedroom for some interior breathing room. At only 5800 pounds before adding cargo, this plan is towable by many vehicles.
The Adrenaline 23LT has a 13' 1" garage and a private bedroom in a hauler that is only 29' 7" overall length. The enclosed patio deck is great for unwinding in the evenings. All of this at 5800 pounds dry weight.
About Country Roads RV Center:
As one of the largest dealers in the state, Country Roads RV Center carries many different lines of 5th Wheels, Travel-Trailers, and Toy Haulers, as well as a full service and parts department. Family-owned and operated, they strive to give their customers the most enjoyable experience possible. For more information, please visit https://www.crrvc.com.
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SOURCE Country Roads RV Center, Inc | https://www.mysuncoast.com/prnewswire/2022/08/15/country-roads-rv-center-celebrates-2-years-an-authorized-dealer-coachmen-adrenaline-toy-haulers/ | 2022-08-15T20:28:39Z |
Arco man dead after crash
ARCO, Idaho (KIFI)- A man from Arco is dead after an early morning car crash Saturday.
Idaho State Police say the crash happened about 2:30 A.M. Saturday morning, on southbound US93 at milepost 87.5, northwest of Arco.
A 57-year-old male, of Arco, was driving a 2010 Dodge Dakota pickup when he crossed over the centerline. He then went off the left shoulder, hitting a stop sign and rolling the truck. Eventually, the vehicle came to rest upright on the left shoulder.
The driver was not wearing a seatbelt and was pronounced dead at the scene.
Idaho State Police was assisted by Butte County Sheriff's Office, Arco Fire Department, and Arco EMS personnel.
The incident remains under investigation by the Idaho State Police. | https://localnews8.com/news/top-stories/2022/04/09/arco-man-after-crash/ | 2022-04-09T19:32:34Z |
Gov. Brian Kemp announced that he will dedicate $125 million to supercharge Georgia’s School-Based Health Center Program and help strengthen health care options for families across the state, including those in underserved and rural communities.
ATLANTA – Gov. Brian Kemp announced that he will dedicate $125 million to supercharge Georgia’s School-Based Health Center Program and help strengthen health care options for families across the state, including those in underserved and rural communities. The funding will be administered by the Georgia Department of Education through a grant program. Awardees will be able to use grants of up to $1 million per project to support the planning and start-up of new School-Based Health Centers in approved Title 1 schools.
"School-Based Health Centers are effective models for meeting the unique needs of students, families and their communities," Kemp said. "By investing these funds, we're paving the way for new centers across the state where they are needed most. This innovative program is in line with our ongoing efforts to lower costs and increase access to quality health care coverage for everyone -- especially those in rural Georgia -- without assigning an unfair price tag to taxpayers."
The goal of SBHCs is to provide students the best opportunity to succeed by addressing medical, behavioral, dental and vision health needs. SBHCs are a proven, effective method for addressing those needs by meeting students where they are – in school, eliminating barriers like transportation, accessibility, and cost for children and families living in communities with health care access challenges.
SBHCs also have been proven to help communities by reducing avoidable or unnecessary emergency room visits, increasing access to quality health care options, improving school attendance records, and increasing the likelihood of students and families seeking care. Additionally, SHBCs comprehensive services support schools with safe re-opening and COVID-19 mitigation strategies.
Depending on the needs of the individual school and the local community, SBHCs provide the following comprehensive services:
▪ Primary care (including child wellness exams)
▪ Behavioral health screening and counseling
▪ Diagnosis and treatment of acute chronic illnesses and minor injuries (i.e. asthma, diabetes, sickle cell)
▪ Immunizations
▪ Vision and hearing screenings
▪ Lab tests
▪ Sport physicals
▪ Referrals to and coordination of outside services
Atlanta is one of the most exciting frontiers for contemporary film. Giggster explores five Atlanta filming locations from celebrated action films. Click for more.
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Redevelopment to Create 239 Affordable Workforce Housing Units
Privately Funded Project Latest for Repvblik's Nationwide Adaptive Reuse Expertise Using No Federal Funding, No Tax Credits
RENO, Nev., June 2, 2022 /PRNewswire/ -- Repvblik LLC -- the nationwide leader in privately funded marketplace solutions to create workforce, student, and senior housing through adaptive reuse of distressed real estate -- today announced the purchase of two existing Motel 6 properties in Reno and unveiled plans to convert them to much-needed workforce housing.
Repvblik plans to fully renovate and repurpose both motel properties into a total of 239 affordable studio housing units ready for occupancy at both locations in 2023.
The two existing Motel 6 properties – one located at 1901 South Virginia Street in midtown Reno and the second at 1400 Stardust Street in northwest Reno – are currently winding down operations. Purchase price for the properties was not disclosed. The project permitting process with the City of Reno will begin in the coming weeks.
"We are incredibly grateful to Repvblik for bringing much-needed workforce housing to The Biggest Little City," Reno Mayor Hillary Schieve said. "Many of our service workers are in a tough spot because their salary is not enough to qualify for a mortgage, but yet they make too much to qualify for financial assistance. More workforce housing will allow us to fill that gap. We want these folks to be able to live in the same city they work, and not have affordability be a barrier to that."
"Reno city officials at every level have been great to work with on this project," said Richard Rubin, Founder & CEO of Repvblik. "Reno clearly recognizes the need and are prioritizing affordable housing for their growing economy."
Renovation and construction will commence once all permits and approvals are in-hand and is expected to include façade renovation, pool area updates, onsite laundry addition, parking lot refinishing, upgrades to interior fixtures and finishes, kitchenettes, and landscaping and greenspace.
WelcomeLend arranged financing for this project. The transaction closed in early May and construction is expected to take six to eight months.
Repvblik is leading in the nationwide trend of adaptive reuse real estate development without the use of any federal funds.
"Repvblik is working in cities and towns nationwide on adaptive reuse projects to transform underutilized, distressed properties into quality, productive, and appropriate developments that meet the demands of local market economies and communities," said Rubin.
Recent Repvblik projects include:
- Adaptive reuse of an existing hotel, banquet center, and waterpark in Sterling Heights, MI into 213 apartments.
- Privately funded project to create 150 quality workforce housing units from a shuttered Ramada Inn property in Sheffield, AL.
- Conversion of a former Days Inn Property in Branson, MO, to the largest affordable, workforce-targeted housing project in the U.S.
Repvblik is an independent property developer and a pioneer in non-federally funded, non-LIHTC (Low Income Housing Tax Credit) commercial marketplace solutions to achieve quality workforce housing, affording student housing, and 55-plus senior housing through adaptive reuse in communities nationwide.
Repvblik was formed in 2018 and is principally owned by PK Companies, LLC, and Richard Rubin. PK Companies is a strategic investor in Repvblik and shares a common principal in Chris Potterpin. Based in Okemos, MI, PK is committed to creating partnerships that provide housing solutions to better fulfill the needs of their communities, and it strives to add value to the areas that it serves to enrich the lives of their residents. PK's portfolio now consists of completed projects and managed properties in Michigan, Indiana, Ohio, North Carolina, Missouri, Texas, and California.
MEDIA CONTACT:
Matt Yemma
Peaks Strategies
myemma@PeaksStrategies.com
(909) 633 9396
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SOURCE Repvblik | https://www.wibw.com/prnewswire/2022/06/02/repvblik-purchases-two-reno-area-motel-6-properties-adaptive-reuse/ | 2022-06-02T16:26:35Z |
Officials: Charges filed against shooters connected to Water Street mass shooting
By Adam Rife
Click here for updates on this story
MILWAUKEE (WDJT) — New criminal charges have been filed against three men connected to a mass shooting on Water Street Friday, May 13. The charges are the first to allege people fired guns at the crowd.
24-year-old Marquise Jackson, 23-year-old Christopher Murry, and 21-year-old Lemont Siller are the first alleged shooters to be charged.
The charges are in connection to the Third Street shooting, the one that happened at Water and Juneau shortly after 11 p.m.; the criminal complaint says 16 people were injured as a result.
Tuesday, May 17, three men were charged for possessing guns at the shootings. Wednesday, May 18, Jackson, Murry, and Siller were charged with actually firing their guns.
All three men are facing eight felony counts for their alleged roles in the mass shooting:
Conspiracy to commit aggravated battery, use of a dangerous weapon First degree reckless injury, as party to a crime, use of a dangerous weapon (7 counts) The criminal complaint says at roughly 11 p.m. Friday, surveillance video shows Jackson, Murry, Siller, and several unknown people took up positions around a person only identified as ‘RL’.
Siller later told officers he had a “longstanding dispute” with ‘RL’, but at a news briefing Tuesday, Milwaukee Police Chief Jeffrey Norman stopped short of saying it was gang-related.
At 11:08 p.m., an unknown person that was with the three suspects pulled out a handgun. An unknown person with ‘RL’ also pulled out a handgun and fired. Then Jackson, Murry, Siller, and five unknown people fired at ‘RL’.
‘RL’ fled but the group kept shooting. A total of 16 people were shot, including ‘RL’.
The complaint says 10 police officers reported the shooters fired in their direction, nearly hitting several of them.
Police Chief Jeffrey Norman said Tuesday, “We have a firearm issue in our country. We have a conflict resolution issue in our country. Tell me where the safe haven is at.”
According to the criminal complaint, police officers were already in the area for a prior shooting when they heard dozens of gunshots and saw several hundred people fleeing the area.
Marquise Jackson has a criminal history: he has an open strangulation and suffocation case for allegedly choking out the mother of his child in February 2021 with both hands until she lost consciousness. Jackson was out after posting a $3500 signature bond in December.
Now MPD will enhance the enforcement of a curfew that only applies to people under 17, but none of the six people charged so far would have fallen under its authority.
And the FBI is now involved in the investigation, asking for videos and other evidence from anyone who may have witnessed the shootings.
Mayor Cavalier Johnson said Tuesday, “Standing on the sidelines is not an option. Lives are at stake. And the city’s future depends on this sort of public safety.”
We asked the DA’s office about ‘RL’, the person targeted by the shooters. But the Deputy DA said they don’t have any more information at this time.
Additional charges could be filed against the three suspects if there are more victims.
Please note: This content carries a strict local market embargo. If you share the same market as the contributor of this article, you may not use it on any platform. | https://localnews8.com/news/2022/05/19/officials-charges-filed-against-shooters-connected-to-water-street-mass-shooting/ | 2022-05-19T14:27:37Z |
Three new foams available to see at Showroom C-1578
MT. AIRY, N.C., July 19, 2022 /PRNewswire/ -- Independent foam producer, NCFI Polyurethanes will showcase their CoolRest® line of performance bedding foams at the upcoming Las Vegas Furniture and Bedding Market, July 24-28, 2022.
"This CoolRest® launch is the latest in our commitment to provide our customers with solutions that perform and add value to their products," said Chris Bradley, Executive Vice President for the company. "Through much hard work, along with listening to our customer's needs, our team has created a trio foams that provide unmatched performance in mattress applications."
The CoolRest® Hybrid combines the properties of memory and high resilience foams, providing pressure relief without sinking. It can be used as either a comfort layer or a transition layer. CoolRest® Breeze is a super soft, high airflow foam designed to give pressure relief and maximum cooling properties. It too can be used as either a comfort layer or a transition layer. Finally, CoolRest® Bounce is a latex like polyurethane with super high resiliency- in excess of 65%. This foam is ideally suited for a transition or support layer where goal is to keep the sleeper on top of the comfort layer. All three foams are CertiPUR-US® certified.
About NCFI Polyurethanes®- A division of Barnhardt Manufacturing Company, NCFI was organized in 1964 by research chemist Dr. H. W. "Ace" Bradley and Charlotte-based Barnhardt Manufacturing Company. NCFI quickly became a leader in the manufacturing of flexible polyurethane foam for the bedding and furniture industries. In 1966, they moved into their current campus which has been expanded eight times to its current 500,000 square feet. The Mt. Airy bedding location provides both private label and direct to consumer solutions. NCFI has additional manufacturing plants in Houston, TX, Columbus, MS, Tupelo, MS and Dalton GA. More information about the company can be found HERE.
Contact
NCFI.com
800-346-8229
press@bedinabox.com
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SOURCE NCFI Polyurethanes | https://www.mysuncoast.com/prnewswire/2022/07/19/ncfi-showcase-revolutionary-coolrest-performance-foams-vegas-winter-market/ | 2022-07-19T18:02:01Z |
Also in This Edition: Media Industry News
NEW YORK, May 13, 2022 /PRNewswire/ -- Below are experts from the ProfNet network who are available to discuss timely issues in your coverage area.
EXPERT ALERTS
- Mental Health & LGBTQ+
- 3D Printing & Additive Manufacturing
MEDIA JOBS
- UX Researcher, Membership – Dow Jones (NJ)
- FT Specialist, Asset Management Reporter – FT Specialist, Ignites (New York, Remote)
OTHER NEWS & RESOURCES
- 4 Sites To Learn About Asian American and Pacific Islander Heritage
- Higher Education Blogs We Love: Volume 1
Mental Health & LGBTQ+
Caitlin Billings
Psychotherapist, Licensed Clinical Social Worker
private practice
Everyone has some cognition of "I don't matter; I'm worthless." But actively doing the opposite of what society expects, showing that your vulnerability matters. People can build a depth of understanding and acceptance if we can just open up.
Caitlin She has personally contended with abandonment from her biological father, an eating disorder, a deep-set need for perfection, post-traumatic stress and bipolar disorder. Her eldest child is gender-fluid with depressive behaviors as well. She can discuss many topics in the mental health and LGBT+ realms, including (but not limited to) general therapy, deep trauma, EMDR, bipolar disorder, PTSD, substance use, gender-fluidity, teen mental health, depression/anxiety, family life.
https://www.linkedin.com/in/caitlin-billings-lcsw-661b2669/
Website: https://prbythebook.com/experts/caitlin-billings/
Media contact: Erin Nicole Conti, erin@prbythebook.com
3D Printing & Additive Manufacturing
Danielle Cote
Assistant Professor, Mechanical & Materials Engineering
Worcester Polytechnic Institute (WPI)
3D printing, particularly metal additive manufacturing, has already begun to produce large scale components for a variety of applications. As the technology improves, the expansion of these large parts to more even applications will increase. We can look for these large components to replace traditional manufacturing applications – for example, large parts made from conventional casting processes now can be 3D printed with various directed energy deposition (DED) processes. The ability to print these large parts on site will reduce the need for expensive and complicated shipping logistics of the parts; only the feedstock material (metal wire or powder) will need to be transported to locations with existing 3D printing capabilities.
3D Printing and Additive Manufacturing in light of President Biden's Additive Manufacturing Forward initiative.
Website:
Media contact: Jack Levy, jlevy2@wpi.edu
MEDIA JOBS:
Following are links to job listings for staff and freelance writers, editors and producers. You can view these and more job listings on our Job Board: https://www.cisionjobs.com/jobs/united-states/
- Dow Jones: UX Researcher, Membership – Dow Jones (NJ)
- FT Specialist, Asset Management Reporter – FT Specialist, Ignites (New York, Remote)
OTHER NEWS & RESOURCES:
Following are links to other news and resources we think you might find useful. If you have an item you think other reporters would be interested in and would like us to include in a future alert, please drop us a line at profnetalerts@cision.com
4 SITES TO LEARN ABOUT ASIAN AMERICAN AND PACIFIC ISLANDER HERITAGE. We're celebrating Asian Pacific American Heritage Month and spotlighting several must-read AAPI news sites.
HIGHER EDUCATION BLOGS WE LOVE: VOLUME 1. Here's Part 1 of our favorite higher education blogs for students, families, educators and administrators alike.
PROFNET is an exclusive service of PR Newswire.
To contact ProfNet: profnet@profnet.com or 800-776-3638, ext. 1
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SOURCE ProfNet | https://www.wibw.com/prnewswire/2022/05/13/profnet-expert-alerts-may-13-2022/ | 2022-05-13T19:48:23Z |
LOS ANGELES, May 31, 2022 /PRNewswire/ -- The Schall Law Firm, a national shareholder rights litigation firm, reminds investors of a class action lawsuit against Embark Technology, Inc. f/k/a Northern Genesis Acquisition Corp. II ("Embark" or "the Company") (NASDAQ: EMBK) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.
Investors who purchased the Company's securities between January 12, 2021 and January 5, 2022, inclusive (the ''Class Period''), are encouraged to contact the firm before May 31, 2022.
If you are a shareholder who suffered a loss, click here to participate.
We also encourage you to contact Brian Schall of the Schall Law Firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm's website at www.schallfirm.com, or by email at bschall@schallfirm.com.
The class, in this case, has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.
According to the Complaint, the Company made false and misleading statements to the market. Embark failed to perform appropriate due diligence into Embark Trucks Inc. ("Legacy Embark"). Due to this failure, the Company held no patents and only a few test trucks following the business combination. The Company overstated its technical capabilities and competence. Based on these facts, the Company's public statements were false and materially misleading throughout the class period. When the market learned the truth about Embark, investors suffered damages.
Join the case to recover your losses.
The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.
CONTACT:
The Schall Law Firm
Brian Schall, Esq.,
www.schallfirm.com
Office: 310-301-3335
info@schallfirm.com
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SOURCE The Schall Law Firm | https://www.wibw.com/prnewswire/2022/05/31/final-deadline-alert-schall-law-firm-encourages-investors-embark-technology-inc-with-losses-100000-contact-firm/ | 2022-05-31T16:59:12Z |
PLYMOUTH, Mich., Aug. 1, 2022 /PRNewswire/ -- St. Croix Hospice is adding a second location in Michigan with the acquisition of Corpore Sano Hospice in Plymouth.
"We are pleased to have the opportunity to expand our services in Michigan with the acquisition of Corpore Sano Hospice," said Heath Bartness, Chief Executive Officer of St. Croix Hospice. "Bringing this new team in Plymouth on board, along with our existing location in Troy, expands our ability to offer the hospice benefit in Michigan partnering with local providers in these communities. Corpore Sano and their workforce have an impeccable reputation for providing care in the greater Plymouth area and we are excited to welcome patients, referral sources and employees to the St. Croix Hospice family."
"Corpore Sano Hospice has been serving the Plymouth community since 2011, and their staff will be a tremendous addition to our St. Croix Hospice family," said Jennifer Lemere, RN, Director of Integration for St. Croix Hospice. "This team is made up of compassionate hospice caregivers who are working hard to bring the hospice benefit to more and more people in their community with a truly personalized approach to care that recognizes each individual's unique needs."
Agenda Health served as advisor to the seller while St. Croix Hospice utilized Waller for legal support and McBee Associates for compliance review.
Recognized for providing superior care, St. Croix Hospice was recently one of only 13 agencies nationwide (of some 4,500) to earn the highest rating of four rings from the National Hospice and Palliative Care Organization Quality Connections program.
St. Croix Hospice operates nearly 60 branches in nine states throughout the Midwest with 1,300 employees caring for nearly 3,500 patients daily. St. Croix Hospice's highly trained care teams serve patients wherever they call home, including private residences, assisted living facilities and nursing homes.
St. Croix Hospice supports patients, their families and caregivers when they need us the most, delivering exceptional hospice care 24 hours a day, 365 days a year wherever a patient calls home. With branches in Iowa, Illinois, Kansas, Michigan, Minnesota, Missouri, Nebraska, South Dakota and Wisconsin, St. Croix Hospice takes pride in round-the-clock availability, prompt response and same day admissions, including evenings, weekends and holidays. Contact St. Croix Hospice 24/7 at 855-278-2764 or stcroixhospice.com.
CONTACT: Bronwyn Pope
bpope@stcroixhospice.com
612-418-8186
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SOURCE St. Croix Hospice | https://www.mysuncoast.com/prnewswire/2022/08/01/st-croix-hospice-adds-second-michigan-location-with-acquisition-corpore-sano-hospice-plymouth/ | 2022-08-01T15:35:16Z |
PITTSBURGH, Sept. 5, 2022 /PRNewswire/ -- "I wanted to provide first responders with a means of assisting and locating those in trouble," said an inventor, from Saraland, Ala., "so I invented the RESCUE CUBE. My design would also offer survival gear to aid the lost or missing person."
The invention offers enhanced rescue capabilities for lost and/or disoriented individuals. In doing so, it would help the missing person to endure difficult conditions. It would also assist search and rescue teams with tracking down and rescuing the individual. As a result, it could increase safety and it could help to save lives. The invention features an effective design that is easy to use so it is ideal for fire departments and emergency rescue services. Additionally, a prototype is available.
The original design was submitted to the Mobile sales office of InventHelp. It is currently available for licensing or sale to manufacturers or marketers. For more information, write Dept. 20-MOT-129, InventHelp, 217 Ninth Street, Pittsburgh, PA 15222, or call (412) 288-1300 ext. 1368. Learn more about InventHelp's Invention Submission Services at http://www.InventHelp.com.
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SOURCE InventHelp | https://www.kxii.com/prnewswire/2022/09/05/inventhelp-inventor-develops-survival-aid-amp-locating-system-lost-people-mot-129/ | 2022-09-05T21:41:53Z |
NEW YORK, Aug. 23, 2022 /PRNewswire/ -- New York-based growth marketing agency, Taktical Digital, has acquired KonvertLab, a B2B / Web3 and SaaS growth marketing agency based in Miami, Florida.
Key to the acquisition is Lewis Mudrich, KonvertLab CEO, who is staying on and joining Taktical as the Chief Operating Officer.
"I can't begin to express my excitement for the opportunity for KonvertLab to join forces with a team like Taktical. Once we met the team, it became clear that we're better off building something together," Mudrich said in a statement.
"From the beginning, [we] said that we'd only consider an acquisition if it would expedite our growth. Based on aligned goals, internal values, and complementing assets I truly believe this is an opportunity for us to become the de-facto SaaS digital marketing agency."
KonvertLab's staff of 16 will join Taktical Digital, growing the overall team to over 50 experienced digital marketers and support staff. The move strengthens Taktical's position as a go-to agency for B2B, SaaS and technology/ecommerce companies looking to scale growth.
"It's hard to imagine an organization that complements our existing team better than KonvertLab. We are relentless in our pursuit of providing our clients and partners with best-in-class performance marketing services - Lewis, Tim and the phenomenal team they have built strengthens our ability to do so. The entire Taktical Digital team is excited to continue building alongside them," said Derek Rubinstein, Taktical Digital's Managing Director.
Taktical Digital, commonly referenced as one of the fastest growing agencies in the NYC area offers digital marketing services for SaaS and ecommerce companies that includes paid social, paid search, SEO, email marketing and Amazon marketing. Clients include well-known brands such as Benjamin Moore Paint, Ellen Degeneres, Capsule Health, WeWork, BarkBox, Rachel Zoe and Care.com. The 8-year-old agency currently has 30+ employees and has driven over $2 billion in revenue for its clients.
KonvertLab is a digital ad agency that has made a name for itself by rapidly scaling multiple high-profile B2B SaaS and Web3 businesses. KonvertLab is a lean team of ads experts specializing in generating leads, sales, and revenue for complex B2B campaigns.
Through successfully solving many advertising challenges, KonvertLab has grown tremendously within its first 3 years of operations and has worked with many TechStars affiliated SaaS businesses amongst other venture-backed startups.
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SOURCE Taktical Digital | https://www.kxii.com/prnewswire/2022/08/23/taktical-digital-announces-acquisition-konvertlab/ | 2022-08-23T16:49:59Z |
Julian Wiser sworn in as new Madison County sheriff
Former Jackson Police Chief Julian Wiser was sworn into office Wednesday as Madison County’s newest sheriff.
The ceremony was held on the lawn of the Madison County Courthouse, bracketed by Jackson Police officers and Madison County Sheriff’s deputies cheering on the transfer.
“I just want to say thank you to everyone — I’m so humbled. It’s an honor to serve… but mostly, I want to thank my beautiful wife,” said Wiser, gesturing to his wife, Julie. “Twenty-six years of law enforcement has had its tough times, but thanks to her, I’m still standing here.”
Wiser won the August election over independent candidate Marc Byrum. Former Madison County Sheriff John Mehr served for eight years.
More:Former Jackson Police Chief Julian Wiser elected Madison County Sheriff
“I’m ready to get to work,” he said after the ceremony. “I want the first thing that comes to people’s minds when they think of the sheriff’s department — whether it's a deputy out on a call for service, or escorting a person to jail, and everything in between — I want people to know we’re a professional organization. We’ve got to make progress.”
More:'I'll fight every day for this county:' New Madison Co. Sheriff prepares to make changes
Wiser previously discussed his primary goals as sheriff, including a full evaluation of the sheriff’s office staff.
“Recruiting (and retention is going to be a priority,” Wiser said in a previous interview. “We're going to have to evaluate all the positions out there and then just kind of move forward from that information. It's definitely going to be a team effort.”
Judge Roy Morgan officiated the ceremony.
Have a story to tell? Reach Angele Latham by email at alatham@gannett.com, by phone at 731-343-5212, or follow her on Twitter at @angele_latham. | https://www.jacksonsun.com/story/news/2022/09/05/julian-wiser-sworn-new-madison-county-sheriff-former-jackson-police-chief/7976489001/ | 2022-09-05T23:56:17Z |
--Transaction Marks SyBridge's Eleventh Acquisition in Three Years--
SOUTHFIELD, Mich. and FITCHBURG, Mass., May 3, 2022 /PRNewswire/ -- SyBridge Technologies ("SyBridge), a global industrial technology company, announced today that it has acquired Wachusett Precision Tool ("WPT"). This transaction further expands SyBridge's customer base and footprint in the life sciences and consumer end-markets. WPT complements SyBridge's Life Sciences facilities in California and Pennsylvania with a center in Massachusetts. This transaction marks SyBridge's eleventh acquisition since inception in 2019.
WPT is a fast-growing manufacturer of high precision prototype, pilot and production molds for medical and consumer packaging customers. With a dedicated clean room environment, WPT is capable of supportive low volume medical molding during the product certification or ramp-up phase. Located outside of Boston, MA, WPT is close to many pharmaceutical, medical devices, and consumer products customers. As a part of SyBridge's Life Sciences business unit, WPT will leverage the SyBridge platform's design, engineering, supply chain, and production capabilities to better serve and grow with its customers in the Northeast region and serve SyBridge's broader global customer base.
"WPT is one of the fastest growing tooling companies in North America and will accelerate SyBridge's expansion in the strategically important life sciences and consumer markets," said Tony Nardone, CEO of SyBridge. "The combination of WPT and SyBridge Life Sciences' existing northeast facility in Erie, PA will give us a strong presence in serving our customers in the region. In addition to the Rancho Cucamonga, CA, facility, SyBridge can increasingly seamlessly serve life sciences customers coast-to-coast."
"WPT's current owners Mike Carignan and Matt Saunders have been instrumental in building a best-in-class medical tooling company in a very short time. Their addition to the SyBridge team will strengthen our business," said Bill McDonough, President of SyBridge's Life Sciences Business Unit. "We are excited to welcome new team members and work together to continue to provide the quality and innovation that underpins our customers' success."
About SyBridge Technologies
SyBridge Technologies was established in 2019 by Crestview Partners to create a global technology leader that provides value-added design and production solutions across multiple industries. SyBridge is based in Southfield, Michigan. For more information, please visit www.sybridgetech.com.
About Wachusett Precision Tool
Founded in 2016, WPT is a full-service leader in the design and manufacture of a full range of prototype, pilot and class 101 production molds for the medical products, medical devices and consumer packaging industries. WPT is located in Fitchburg, Massachusetts. For more information, please visit www.wachusettprecisiontool.com.
About Crestview Partners
Founded in 2004, Crestview is a value-oriented private equity firm focused on the middle market. The firm is based in New York and manages funds with approximately $10 billion of aggregate capital commitments. The firm is led by a group of partners who have complementary experience and distinguished backgrounds in private equity, finance, operations and management. Crestview has senior investment professionals focused on sourcing and managing investments in each of the specialty areas of the firm: industrials, media, and financial services. For more information, please visit www.crestview.com.
For more information, please contact:
Jeffrey Taufield or Daniel Yunger
Kekst CNC
(212) 521-4800
jeffrey.taufield@kekstcnc.com / daniel.yunger@kekstcnc.com
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SOURCE Crestview Partners and SyBridge Technologies | https://www.mysuncoast.com/prnewswire/2022/05/03/sybridge-technologies-acquires-wachusett-precision-tool-inc/ | 2022-05-03T12:23:42Z |
MANHATTAN BEACH, Calif., June 7, 2022 /PRNewswire/ -- We are pleased to announce that nine attorneys at Matern Law Group have been selected to the 2022 Southern California Rising Stars List. Sydney Adams, Beatriz Alfaro, Shooka Dadashzadeh, Ellie Goralnick, Irina A. Kirnosova, Deanna Leifer, Vanessa Rodriguez, Julia Wells and Tagore Subramaniam have all been selected to the list this year. The Rising Stars List is an exclusive list, recognizing no more than 2.5 percent of attorneys in the state. To be eligible for the Rising Stars List, a candidate must be either 40 years old or younger, or in practice 10 years or less.
Super Lawyers, part of Thomson Reuters, is a research-driven, peer influenced rating service of outstanding lawyers who have attained a high degree of peer recognition and professional achievement. Attorneys are selected from more than 70 practice areas and all firm sizes, assuring a credible and relevant annual list.
The annual selections are made using a patented multiphase process that includes:
- Peer nominations
- Independent research by Super Lawyers
- Evaluations from a highly credentialed panel of attorneys
The objective of Super Lawyers is to create a credible, comprehensive and diverse listing of exceptional attorneys to be used as a resource for both referring attorneys and consumers seeking legal counsel.
The Super Lawyers and Rising Stars Lists are published nationwide in Super Lawyers Magazines and in leading city and regional magazines and newspapers across the country.
Please join us in congratulating Sydney, Beatriz, Shooka, Ellie, Irina, Deanna, Vanessa, Julia and Tagore on their selection.
Contact: Josh Boxer, 310-531-1900, jboxer@maternlawgroup.com
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SOURCE Matern Law Group | https://www.kxii.com/prnewswire/2022/06/07/matern-law-group-attorneys-selected-2022-southern-california-rising-stars-list/ | 2022-06-07T14:49:04Z |
LexisNexis Gravitas recognized as a leading tokenization solution
ATLANTA, May 17, 2022 /PRNewswire/ -- The Health Care business of LexisNexis Risk Solutions has been named a 2022 MedTech Breakthrough Award recipient for its next-generation tokenization solution, LexisNexis® Gravitas™. As an independent market intelligence organization, MedTech Breakthrough recognizes the top companies, technologies, and products in the global health and medical technology market.
LexisNexis Gravitas includes a first of its kind, patent pending token that provides advanced data de-identification technology at the patient level with unmatched precision. The Gravitas Token offers the ability to enhance a de-identified patient record with other elements such as social determinants of health information, medical claims data and mortality data, providing a more comprehensive view of an individual, while maintaining strict compliance with security and non-reidentification requirements. This complete view is critical for decision-makers and researchers involved in clinical settings as they seek to uncover more effective, data-driven outcomes.
"The healthcare industry collects and stores incredible amounts of data, yet very little of it can be shared due to HIPAA and other privacy regulations," said Jeff Diamond, president, Health Care business of LexisNexis Risk Solutions. "The Gravitas Token maintains compliance with those restrictions1 while also liberating that data to be used for its intended purpose—to deliver better, more effective, patient-centric care."
This year's MedTech Breakthrough Awards program attracted more than 3,900 nominations from over 15 different countries throughout the world.
"This smart token technology from LexisNexis Risk Solutions represents a true breakthrough moment for healthcare" said James Johnson, managing director, MedTech Breakthrough. "Gravitas enables healthcare stakeholders to safely and accurately link deidentified datasets, which can help accelerate clinical research, address health equity and improve patient outcomes."
One of the key differentiators of the Gravitas Token is its ability to link patients together across variations in patient identifiable information.
"Today's tokenization solutions can securely de-identify healthcare data, but without referential data capabilities that accommodate for changes in a patient's identifiable information, they cannot provide the most complete picture of a patient's journey," said Danielle Walsh, director, healthcare strategy, Health Care business of LexisNexis Risk Solutions. "The Gravitas Token uses a proprietary combination of datasets to create a singular, comprehensive, patient-centric token that links records across name changes, address changes, and other data points that impact health to create a truly longitudinal view of a patient."
About LexisNexis Risk Solutions
LexisNexis Risk Solutions harnesses the power of data and advanced analytics to provide insights that help businesses and governmental entities reduce risk and improve decisions to benefit people around the globe. We provide data and technology solutions for a wide range of industries including insurance, financial services, healthcare, and government. Headquartered in metro Atlanta, Georgia, we have offices throughout the world and are part of RELX (LSE: REL) (NYSE: RELX), a global provider of information and analytics for professional and business customers. For more information, please visit www.risk.lexisnexis.com and www.relx.com.
About MedTech Breakthrough
Part of Tech Breakthrough, a leading market intelligence and recognition platform for global technology innovation and leadership, the MedTech Breakthrough Awards program is devoted to honoring excellence in medical and health related technology companies, products, services, and people. The MedTech Breakthrough Awards provide a platform for public recognition around the achievements of breakthrough health and medical companies and products in categories that include Patient Engagement, mHealth, Health & Fitness, Clinical Administration, Healthcare IoT, Medical Data, Healthcare Cybersecurity and more. For more information visit MedTechBreakthrough.com.
Media Contact:
Syed Shabbir
Manager, Media and Analyst Relations
Health Care business of LexisNexis Risk Solutions
816.572.7709
1 Based on expert determination that the Gravitas Token and each Gravitas Core dataset meet the HIPAA de-identification requirements of the HIPAA Privacy Rule as set out in 45 CFR § 164.514(b)(1). The linking of any additional dataset that is not reasonably available to the Gravitas Token or Gravitas Core datasets requires independent expert determination of HIPAA compliance
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SOURCE LexisNexis Risk Solutions | https://www.kxii.com/prnewswire/2022/05/17/lexisnexis-risk-solutions-wins-2022-medtech-breakthrough-award/ | 2022-05-17T16:26:28Z |
Nurses Week: Crocs helping to give 10K pairs of shoes, scrubs to healthcare workers
(Gray News) - Crocs is again offering its “Free Pair for Healthcare” program during National Nurses Week.
The innovative casual footwear company is partnering with FIGS to give 10,000 pairs of Crocs and 10,000 pairs of scrubs away to healthcare workers.
Those in the healthcare field can register for the giveaway bundle through Crocs’ website or FIGS online until May 12 at noon Eastern Standard Time.
A Crocs spokesperson said the company’s initiative was first launched in 2020 to thank and celebrate healthcare heroes for their extraordinary efforts in the battle against the COVID-19 pandemic.
Since March 2020, Crocs reports it has donated nearly 1 million pairs of shoes to healthcare workers globally.
“We are humbled to have seen such a positive response to ‘Free Pair for Healthcare’ over the past two years and are thrilled to continue supporting and celebrating our healthcare heroes in partnership with FIGS,” said Andrew Rees, CEO of Crocs.
Additional information about the program is also available here.
Copyright 2022 Gray Media Group, Inc. All rights reserved. | https://www.mysuncoast.com/2022/05/11/nurses-week-crocs-helping-give-10k-pairs-shoes-scrubs-healthcare-workers/ | 2022-05-11T02:56:35Z |
TROY, Mich., April 11, 2022 /PRNewswire/ -- Meritor, Inc. (NYSE: MTOR) today announced that it has published its 2021 Sustainability Report which is now available on the company's website at meritor.com.
Highlights from this year's report include the following:
- Review of all-electric, zero-emission ePowertrain lineup
- Workforce diversity and employee engagement strategy
- Expanded disclosures, including under both the Sustainability Accounting Standards Board (SASB) and the Task Force on Climate-Related Financial Disclosures (TCFD) to enhance ESG disclosure
- Established greenhouse gas emissions (GHG) base year and summarized first GHG reduction targets
- Third party limited assurance of its scope 1 and 2 GHG emissions base year data.
Meritor is committed to transparency and will report progress toward these goals annually.
"We made significant progress in the past year on multiple sustainability efforts," said Chris Villavarayan, Meritor's chief executive officer and president. "As a global manufacturing company, we understand the impact of our actions and will operate with a focus on resource efficiency and circularity in all our facilities."
Meritor's continued focus on sustainability initiatives are overseen by its Board of Directors and are also integrated into the company's upcoming M2025 strategic business plan.
Meritor, Inc. is a leading global supplier of drivetrain, mobility, braking, aftermarket and electric powertrain solutions for commercial vehicle and industrial markets. With more than a 110-year legacy of providing innovative products that offer superior performance, efficiency and reliability, the company serves commercial truck, trailer, off-highway, defense, specialty and aftermarket customers around the world. Meritor is based in Troy, Michigan, United States, and is made up of more than 9,600 diverse employees who apply their knowledge and skills in manufacturing facilities, engineering centers, joint ventures, distribution centers and global offices in 19 countries. Meritor common stock is traded on the New York Stock Exchange under the ticker symbol MTOR. For important information, visit the company's website at www.meritor.com.
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SOURCE Meritor, Inc. | https://www.mysuncoast.com/prnewswire/2022/04/11/meritor-publishes-2021-sustainability-report/ | 2022-04-11T21:31:39Z |
Global Event to Kick off as the Post-COVID Era Begins in Earnest, with Theme "Beyond the Pandemic, into a Next Wave"
SEOUL, South Korea , April 6, 2022 /PRNewswire/ --Initiated in 2006, BIO KOREA is the biggest bio-health convention in Asia that is dedicated to promoting the international standing of Korea's healthcare industry and ensuring the industry's sustainable growth. BIO KOREA 2022 will take place in COEX, Seoul from Wednesday, May 11 to Friday, May 13, 2022.
In 2021, the international convention faced a challenge of organizing an online-offline hybrid event amidst the pandemic, but against the odds it galvanized its reputation as Korea's leading international bio-health convention, attracting 7,000 participants from 800 companies and organizations in 69 countries. With high hopes for the post-COVID era in 2022, this year's convention is organized under the banner of "Beyond the Pandemic, into the Next Wave." The programs are centered around businesses in the bio-health industry, for example post-COVID, digital healthcare, and up-to-the-minute therapeutic technologies.
With the presence of some of the world's brightest minds, investors, executives, business experts, and researchers, BIO KOREA 2022 will offer important business and global partnership opportunities through business forums, exhibition, conference, and investment fair.
The exhibition showcases the latest healthcare technologies and products with a range of demonstrations. Companies and institutions in the healthcare industry and many embassies set up national pavilions, where stellar businesses will participate as exhibitors. Particularly noticeable is the Metaverse Zone, where some of the most eye-catching future technologies will be demonstrated. Visitors will have opportunities to eyewitness the future of the global bio-health industry and have firsthand experience in the latest technologies.
Another key program, the business forum consists of Partnering and BIO LIVE. Designed to discover potential partnership opportunities and promote technologies and products, the forum also offers 1:1 meeting opportunities to discuss business and research cooperation and networking. The Partnering Center was open on the BIO KOREA 2022 official website (www.biokorea.org) on March 2, where metaverse companies, vaccine ingredients and diagnostic technology exhibitors that are attracting strong attention in Korea, promising startups, clinical trial labs, pharmaceutical companies, and research institutions are looking for business partners. Facing soaring requests globally, the convention organizer plans to run the online and offline Partnering Center 24/7 to maximize global partnership opportunities. Designed for business matching, BIO LIVE aims at bidirectional connections between online and offline participants for public relations and business matching.
The conference offers seminars themed around various topics including technology licensing, bio intellectual properties, medical devices, and pharmaceuticals, where internationally renowned scholars and experts will share their insights with participants and discuss the latest technological developments. Key topics to be covered include vaccines, immunotherapies for cancer, microbiome, Alzheimer's, and regenerative medicine, the sessions are well-organized into major tracks such as digital health and technological business to keep up with the latest developments and best practices and discuss future prospects in bio-health.
The investment fair will serve as a stepping stone for pharmaceutical, bio, and healthcare companies to advance into global markets, where they will showcase their drug development pipelines, advanced technologies, visions, and strategies.
BIO KOREA forms part of the development of the nation's bio-health industry. This year, the international convention is set to further solidify its position as Korea's leading bio-health convention by providing a forum to share intelligence on the global bio-health market and trade innovative future technologies to take the lead in the global market.
For more information about Bio Korea 2022, please visit our website. https://www.biokorea.org/index.asp?pLn=Eng or https://www.youtube.com/watch?v=4oVP6waOc7Y
BIO KOREA Organizing Committee
+82-1661-0810
biokorea@biokorea.org
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SOURCE BIO KOREA Organizing Committee | https://www.kxii.com/prnewswire/2022/04/07/bio-korea-asias-biggest-bio-health-convention-open-may-2022/ | 2022-04-07T04:54:03Z |
Want to help the hungry? Host a Food Drive for Food Bank of Manatee
MANATEE COUNTY, Fla. (WWSB) - The Food Bank of Manatee, a PLUS program of Meals on Wheels PLUS of Manatee desperately needs food to feed local families.
The organization is searching for a business, faith group, organization or neighborhood to help feed food-insecure families. One of the best ways to help is to host a food drive.
The Food Bank of Manatee is the only food bank based in Manatee County and the largest hunger-relief organization based in Manatee County, helping our local neighbors in need. The Food Bank of Manatee is an independent Food Bank relying 100% on community support. We need you!
Food donations can also be dropped off at any Manatee County Goodwill or Public Library locations during regular business hours. Donations can also be made at The Food Bank of Manatee (811 23rd Ave. East, Bradenton) between 8 a.m. and 3 p.m. Monday through Friday.
Click here to register your food drive today!
Copyright 2022 WWSB. All rights reserved. | https://www.mysuncoast.com/2022/08/11/want-help-hungry-host-food-drive-food-bank-manatee/ | 2022-08-11T20:08:04Z |
The Tercera 30 is the first list to highlight the public and private cloud vendors that have put partners front and center in their growth strategy, creating ecosystems ripe for services partners
CHICAGO, June 7, 2022 /PRNewswire/ -- Tercera, a growth-focused investment firm supporting digital and technology professional services companies, today revealed its inaugural list of the top cloud ecosystems for partners. The Tercera 30 identifies 30 cloud vendors that recognize the value of a thriving partner ecosystem. These vendors hold significant mindshare with enterprise customers, and offer both near-term and long-term potential for those looking to build or expand services businesses.
IT services is a trillion dollar industry, but has an economic impact far greater than that. Consultancies, integrators, managed service providers and digital engineering firms all play a critical role in driving demand and the success of SaaS products and cloud platforms, but it's primarily products that get the attention from press, analysts and investors. The Tercera 30 flips the script on this, focusing on the potential of these products and platforms for people-based firms.
"When we started Tercera to invest in services companies, we had a clear mantra – that people matter more than products in the cloud's third wave," said Chris Barbin, CEO of Tercera. "That said, the fastest-growing IT services firms are built around partnerships and products, and the entrepreneurs running these firms need data to guide their decisions. Picking the right ecosystem to build a business or practice around can make the difference between a $1 million business, a $100 million business or a $1 billion business."
The Tercera Top 30 is not meant to be a comprehensive list or a ranking, but an investor's view on the market anchors, movers and challengers that are shaping the cloud's third wave. It's a mix of large, mature vendors that have written the playbook on partner-led growth, and fast-growing up-and-comers that are grabbing mindshare and market share.
It's a powerful group with significant market momentum. The publicly traded vendors on this list represent more than $235 billion in annual revenue. The private companies have raised more than $7 billion in funding.
These are the 10 largest publicly traded cloud-focused ISVs. These vendors serve as a model for what a great partner ecosystem looks like and what others aspire to build. They have mature programs, often with hundreds to thousands of partners, including some of the biggest Global Systems Integrators (GSIs).
- Adobe
- Amazon Web Services (AWS)
- Google Cloud (GCP)
- Microsoft
- Oracle
- Salesforce
- SAP
- ServiceNow
- Snowflake
- Workday
These are 10 publicly-traded, high-growth cloud ISVs that are reinventing categories, growing fast and giving traditional players a run for their money. Each of these companies is actively building out their partner ecosystems, and taking up greater mindshare with buyers looking to modernize systems and processes for the digital age.
- Atlassian
- Big Commerce
- DataDog
- HashiCorp
- nCino
- Okta
- Shopify
- Twilio
- UiPath
- Veeva
These are 10 high-growth private cloud ISVs that are grabbing outsized attention from influencers and investors. They represent companies across a wide variety of market segments, and while they may not yet have the market penetration of those in the Anchors or Movers categories, they are making waves.
- Celonis
- Collibra
- commercetools
- Contentful
- Databricks
- DataRobot
- OneStream
- OutSystems
- Tanium
- Workato
"The companies profiled on this list have been successful for many reasons, but the partner ecosystems they've fostered around their products and platforms is a big component of their longevity and market momentum," said Michelle Swan, Partner at Tercera. "These 30 companies alone work with more than 12,000 partners. That should say something about the market opportunity these cloud products and platforms present."
Methodology
To develop the list, Tercera evaluated more than 100 cloud-centric ISVs – a mix of publicly-traded and privately-owned providers. Tercera evaluated criteria such as enterprise value, funding and valuation, total addressable market, revenue and growth rates, services attach rates, third party research, marketplace reviews and, most importantly, the size and scope of their existing partner ecosystems.
To read more about the firms in the Tercera 30, download the ebook here
To view interactive profiles for the Tercera 30, visit our website
Connect with Tercera on LinkedIn
Follow Tercera on Twitter at @TerceraCapital
Follow Tercera's blog for news, trends and advice in cloud services
Tercera is an investment and advisory firm founded to accelerate the growth of people-centric businesses. Specializing in the $460 billion cloud professional services market, the Tercera team is composed of invested operators who know first-hand what it takes to build and scale a successful cloud services business. Tercera (Spanish for 'third') is on a mission to identify the people and partners who will lead the next wave of cloud computing - the Third Wave - and provide them with the capital, counsel and connections they need to scale faster and take an outsized share of the market. For more information, visit: https://www.tercera.io/.
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SOURCE Tercera | https://www.mysuncoast.com/prnewswire/2022/06/07/tercera-spotlights-top-cloud-ecosystems-partners/ | 2022-06-07T14:49:40Z |
HERNDON, Va., July 28, 2022 /PRNewswire/ -- Artel, LLC, a leading supplier of classified secure government connectivity, today announced Nigel Sutton has joined the company as Senior Vice President, Business Development. In this new role, Nigel will be responsible for Artel's move to expand into adjacent markets. "We are thrilled Nigel joined the Artel team," said Paul Domorski, Artel Chief Executive Officer. "His extensive knowledge and experience make him the right leader to help accelerate our growth. Network convergence with best of breed solutions is enabling work from anywhere. Customers don't want to be tied to one platform; they want connectivity as a service. Artel is perfectly positioned to deliver it."
Nigel is an accomplished Senior Business & Operations Executive with more than 35 years of success across aerospace, defense, and manufacturing industries. Throughout his executive career, Mr. Sutton has held leadership positions at companies including General Motors Defense, Orbital ATK, AeroVironment, and Raytheon. As VP of Business Development for General Motors Defense, he stood up and developed a capture management organization for new business growth. Since 2015 Nigel was the VP of International Business/Defense Systems Group for Orbital ATK, a defense avionics and armament manufacturer. He led operations, new program strategy, and corporate development. This followed his role as VP of Unmanned Air Systems International Business Division with AeroVironment from 2013 to 2015, and multiple senior roles with Raytheon from 2005 to 2013. As Director of International Business Development & Operations for Raytheon from 2007 to 2012, he oversaw bookings of more than $7.5 billion and coordinated export control policy with trade organizations in Washington D.C. He previously served 18 years in the U.S. Navy, rising to Program Director of Engineering. He has been responsible for executing international equity investments and global partner alliances for aircraft and weapon system program management, and has 23 years of professional leadership experience in the Department of Defense.
Nigel holds a BS in Computer Science from Park College, an MS in Aviation Systems from the University of Tennessee, Certification in Aircraft/Avionics Flight Test from the U.S. Navy Test Pilot School, an MS in Aerospace Engineering/Avionics from the Naval Postgraduate School, an MBA from the Florida Institute of Technology, an Executive Masters in International Relations, a Certificate of Advanced Study in Public Administration from Syracuse University. As a seasoned Board Member, he has held board positions with organizations including Orbital ATK Middle East, World Affairs Councils of America, Precision Strike Association, Alliant Techsystems Operations Saudi Arabia, and the US-ASEAN Business Council.
About Artel
Artel is a communications, engineering and services leader specializing in solving challenges in the defense, intelligence, diplomatic, and homeland security markets. The company enables highly secure service levels approaching 5 nines around the world. Headquartered in Herndon, Virginia, Artel has been supporting the mission for 35 years. For more information about Artel, visit our web page, or email us at communications@artelllc.com
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SOURCE Artel | https://www.wibw.com/prnewswire/2022/07/28/artel-llc-taps-nigel-sutton-accelerate-artel-growth/ | 2022-07-28T22:06:57Z |
CHARLOTTE, N.C., July 7, 2022 /PRNewswire/ -- In conjunction with Nucor's (NYSE: NUE) second-quarter earnings release, you are invited to listen to its live conference call with host Leon Topalian, Nucor's President and Chief Executive Officer. This conference call will include a review of Nucor's results for the second quarter ended July 2, 2022, followed by a question-and-answer session. The event will be available on the Internet on July 21, 2022, at 2 p.m. Eastern Time.
Nucor and its affiliates are manufacturers of steel and steel products, with operating facilities in the United States, Canada and Mexico. Products produced include: carbon and alloy steel -- in bars, beams, sheet and plate; hollow structural section tubing; electrical conduit; steel racking; steel piling; steel joists and joist girders; steel deck; fabricated concrete reinforcing steel; cold finished steel; precision castings; steel fasteners; metal building systems; insulated metal panels; overhead doors; steel grating; and wire and wire mesh. Nucor, through The David J. Joseph Company, also brokers ferrous and nonferrous metals, pig iron and hot briquetted iron / direct reduced iron; supplies ferro-alloys; and processes ferrous and nonferrous scrap. Nucor is North America's largest recycler.
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SOURCE Nucor Corporation | https://www.wibw.com/prnewswire/2022/07/20/nucor-invites-you-join-its-second-quarter-2022-conference-call-web/ | 2022-07-20T14:06:13Z |
Idaho Lt. Gov. McGeachin to finish year with budget deficit
By KEITH RIDLER
Associated Press
BOISE, Idaho (AP) — Republican Lt. Gov. Janice McGeachin, who is running for governor, has a $2,000 budget deficit in her office that will have to come out of next year’s appropriation.
Documents obtained by The Associated Press show the state controller’s office planning to withhold McGeachin’s salary this fiscal year that ends June 30 and then make up that pay next year.
That plan depends, according to a letter on Friday from the state controller’s office to Alex Adams, Idaho Division of Financial Management administrator, on McGeachin exercising fiscal responsibility.
The letter described mishandling by McGeachin of her budget as leading to the shortfall.
Adams on Monday sent the state controller’s letter to McGeachin. In a letter to McGeachin last week, Adams called the situation “unprecedented.”
McGeachin’s office didn’t immediately respond to a message from The Associated Press.
The lieutenant governor’s salary is set by law, limiting the ability of state officials to cut McGeachin’s pay.
McGeachin won’t be lieutenant governor next year. Any deficit she leaves would become the responsibility of the next lieutenant governor.
McGeachin hired a private attorney in a losing effort to avoid releasing public records and was ordered to pay $29,000 in legal fees.
Lawmakers earlier this year declined McGeachin’s request for money to cover those fees. | https://localnews8.com/news/ap-idaho/2022/05/09/idaho-lt-gov-mcgeachin-to-finish-year-with-budget-deficit/ | 2022-05-09T20:27:32Z |
Published: Jul. 18, 2022 at 3:08 PM CDT|Updated: 46 minutes ago
Growth Across Key Segments Led by Hybrid Cloud Adoption; Solid Cash and Profit Generation
ARMONK, N.Y., July 18, 2022 /PRNewswire/ -- IBM (NYSE: IBM) today announced second-quarter 2022 earnings results.
"In the quarter we delivered good revenue performance with balanced growth across our geographies, driven by client demand for our hybrid cloud and AI offerings. The IBM team executed our strategy well," said Arvind Krishna, IBM chairman and chief executive officer. "With our first half results, we continue to expect full-year revenue growth at the high end of our mid-single digit model."
Second-Quarter Highlights
Revenue - Revenue of $15.5 billion, up 9 percent, up 16 percent at constant currency (about 5 points from sales to Kyndryl) - Software revenue up 6 percent, up 12 percent at constant currency (about 7 points from sales to Kyndryl) - Consulting revenue up 10 percent, up 18 percent at constant currency - Infrastructure revenue up 19 percent, up 25 percent at constant currency (about 7 points from sales to Kyndryl) - Hybrid cloud revenue, over the last 12 months, of $21.7 billion, up 16 percent, up 19 percent at constant currency
Cash Flow - On a consolidated basis, year to date, net cash from operating activities of $4.6 billion; free cash flow of $3.3 billion
"We are a faster-growing, focused, disciplined company with sound business fundamentals," said James Kavanaugh, IBM senior vice president and chief financial officer. "Our recurring revenue stream and solid cash generation position us well to continue to invest in R&D, acquire new companies, and strengthen our talent in every part of the business, while also returning value to shareholders through our dividend."
Segment Results for Second Quarter
Software (includes Hybrid Platform & Solutions, Transaction Processing)— revenues of $6.2 billion, up 6.4 percent, up 11.6 percent at constant currency (about 7 points from sales to Kyndryl): - Hybrid Platform & Solutions up 4 percent, up 9 percent at constant currency (about 1.5 points from sales to Kyndryl): -- Red Hat up 12 percent, up 17 percent at constant currency -- Automation up 4 percent, up 8 percent at constant currency -- Data & AI flat, up 4 percent at constant currency -- Security flat, up 5 percent at constant currency - Transaction Processing up 12 percent, up 19 percent at constant currency (about 22 points from sales to Kyndryl) - Software segment hybrid cloud revenue up 14 percent, up 18 percent at constant currency
Consulting (includes Business Transformation, Technology Consulting and Application Operations)— revenues of $4.8 billion, up 9.8 percent, up 17.8 percent at constant currency: - Business Transformation up 9 percent, up 16 percent at constant currency - Technology Consulting up 14 percent, up 23 percent at constant currency - Application Operations up 9 percent, up 17 percent at constant currency - Consulting segment hybrid cloud revenue up 20 percent, up 29 percent at constant currency
Infrastructure (includes Hybrid Infrastructure, Infrastructure Support)— revenues of $4.2 billion, up 19.0 percent, up 25.4 percent at constant currency (about 7 points from sales to Kyndryl): - Hybrid Infrastructure up 34 percent, up 41 percent at constant currency (about 7 points from sales to Kyndryl) -- IBM z Systems up 69 percent, up 77 percent at constant currency -- Distributed Infrastructure up 11 percent, up 17 percent at constant currency - Infrastructure Support down 2 percent, up 5 percent at constant currency (about 8 points from sales to Kyndryl) - Infrastructure segment hybrid cloud revenue up 24 percent, up 30 percent at constant currency
Financing (includes client and commercial financing)— revenues of $0.1 billion, down 29.9 percent, down 26.6 percent at constant currency
Cash Flow and Balance Sheet On a consolidated basis, in the second quarter, the company generated net cash from operating activities of $1.3 billion or $2.6 billion excluding IBM Financing receivables. IBM's free cash flow was $2.1 billion. The company returned $1.5 billion to shareholders in dividends in the second quarter.
On a consolidated basis, for the first six months of the year, the company generated net cash from operating activities of $4.6 billion or $4.2 billion excluding IBM Financing receivables. IBM's free cash flow was $3.3 billion, which includes cash impacts from the company's structural actions initiated at the end of 2020.
IBM ended the second quarter with $7.8 billion of cash on hand (which includes marketable securities), up $0.2 billion from year-end 2021. Debt, including IBM Financing debt of $12.3 billion, totaled $50.3 billion, down $1.4 billion since the end of 2021.
Full-Year 2022 Expectations
Revenue growth: The company continues to expect constant currency revenue growth at the high end of its mid-single digit model. The company also expects an additional 3.5 point contribution from incremental sales to Kyndryl. At mid-July 2022 foreign exchange rates, currency is expected to be about a six-point headwind.
Free Cash Flow: The company now expects about $10 billion in consolidated free cash flow.
Forward-Looking and Cautionary Statements Except for the historical information and discussions contained herein, statements contained in this release may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are based on the company's current assumptions regarding future business and financial performance. These statements involve a number of risks, uncertainties and other factors that could cause actual results to differ materially, including, but not limited to, the following: a downturn in economic environment and client spending budgets; a failure of the company's innovation initiatives; damage to the company's reputation; risks from investing in growth opportunities; failure of the company's intellectual property portfolio to prevent competitive offerings and the failure of the company to obtain necessary licenses; the company's ability to successfully manage acquisitions, alliances and dispositions, including integration challenges, failure to achieve objectives, the assumption of liabilities, and higher debt levels; fluctuations in financial results; impact of local legal, economic, political, health and other conditions; the company's failure to meet growth and productivity objectives; ineffective internal controls; the company's use of accounting estimates; impairment of the company's goodwill or amortizable intangible assets; the company's ability to attract and retain key employees and its reliance on critical skills; impacts of relationships with critical suppliers; product quality issues; impacts of business with government clients; reliance on third party distribution channels and ecosystems; cybersecurity and data privacy considerations; adverse effects related to climate change and environmental matters, tax matters; legal proceedings and investigatory risks; the company's pension plans; currency fluctuations and customer financing risks; impact of changes in market liquidity conditions and customer credit risk on receivables; potential failure of the separation of Kyndryl Holdings, Inc. to qualify for tax-free treatment; risk factors related to IBM securities; and other risks, uncertainties and factors discussed in the company's Form 10-Qs, Form 10-K and in the company's other filings with the U.S. Securities and Exchange Commission or in materials incorporated therein by reference. Any forward-looking statement in this release speaks only as of the date on which it is made. Except as required by law, the company assumes no obligation to update or revise any forward-looking statements.
Presentation of Information in this Press Release On November 3, 2021, IBM completed the separation of Kyndryl. Unless otherwise specified, results are presented on a continuing operations basis. All references to revenue impacts from sales to Kyndryl are incremental sales post-separation.
In an effort to provide investors with additional information regarding the company's results as determined by generally accepted accounting principles (GAAP), the company has also disclosed in this press release the following non-GAAP information, which management believes provides useful information to investors:
IBM results —
adjusting for currency (i.e., at constant currency);
presenting operating (non-GAAP) earnings per share amounts and related income statement items;
consolidated free cash flow;
consolidated cash from operating activities excluding IBM Financing receivables;
The rationale for management's use of these non-GAAP measures is included in Exhibit 99.2 in the Form 8‑K that includes this press release and is being submitted today to the SEC.
Conference Call and Webcast IBM's regular quarterly earnings conference call is scheduled to begin at 5:00 p.m. EDT, today. The Webcast may be accessed via a link at https://www.ibm.com/investor/events/earnings-2q22. Presentation charts will be available shortly before the Webcast.
Financial Results Below (certain amounts may not add due to use of rounded numbers; percentages presented are calculated from the underlying whole-dollar amounts).
The above press release was provided courtesy of PRNewswire. The views, opinions and statements in the press release are not endorsed by Gray Media Group nor do they necessarily state or reflect those of Gray Media Group, Inc. | https://www.kxii.com/prnewswire/2022/07/18/ibm-releases-second-quarter-results/ | 2022-07-18T20:54:22Z |
SINGAPORE, June 12, 2022 /PRNewswire/ -- The revolutionary Play to Earn gaming platform www.gDEXmetaverse.com (Decentralized Finance Gaming Platform Exchange) today revealed that star gamer Jerome ASF is a key Advisor at gDEX in an initiative to build the platform that not only exceeds expectations but builds endless possibilities for all. gDEX has already created major ripples in the Metaverse with its one-of-a-kind offering to gamers, creators, and guilds.
As an Advisor to the gDEX, Jerome brings his vast experience and understanding of the gaming industry's many nuances, the gaps yet to be addressed, the impact that gDEX can have on mainstream gaming, and in charting a future roadmap for the platform along with other visionaries.
"We are incredibly proud of this partnership with Jerome. His unique style inspires our teams to further push the limits on user experience and in solving several unmet needs of the gaming community. The gDEX team is set to change the way gamers, creators and guilds engage with the multiverse in the play to earn world," said J.D. Salbego, Founder & CEO, gDEX Multiverse. Jerome ASF (Jerome Aceti) continues to be a massive online gaming celebrity, with multiple YouTube channels attracting millions of subscribers and fans. Jerome's engaging content includes gaming videos, unique challenges, and interactions. His huge fan base is in awe of the excellent gaming strategies that he shares with them from time to time, which most of them find hard to crack. His channels are packed with high entertainment quotients and have played a key role in fueling the gaming culture with such vigor.
When asked about his new advisory role, Jerome said, "I am so excited to be an advisor for the gDex platform! I believe it will define the future of gaming and drive us into the future of web3."
Jerome's 9 million-strong followers and 2 billion+ content views are a clear testimony of his leadership in the industry. Joining in as an Advisor, Jerome has placed his trust, and that of his followers, into gDEX's transformative vision for the gaming industry.
About the Gaming Icon, Jerome ASF:
Jerome's YouTube career began over 14 years ago with a vlog channel started with friends. Quickly he transitioned to his true passion of gaming, rapidly growing an audience 10 years ago on the game Minecraft. Over the years he has been able to work with many AAA brands across a variety of genres. Jerome runs separate channels for variety gaming and Roblox. He brings to these channels the same excitement and vigor that has driven his career for 14 years.
Jerome's established following is also the gDEX metaverse's potential user base – from established game studios with existing titles looking to tokenize their gaming assets into NFTs and use a robust tokenized gaming economy, to game developers who want to create whole casual games from the ground up, to gamers seeking reward-driven gaming NFTs in the open metaverse.
Connect with Jerome on his social media pages:
Twitter: https://twitter.com/JeromeASF
Facebook: https://www.facebook.com/JeromeASF
YouTube: https://www.youtube.com/user/JeromeASF/about
Instagram: https://www.instagram.com/JeromeAceti/
About The gDEX Metaverse:
The ground-breaking gDEX is the meeting point of three important segments: metaverses, gaming, and DeFi, each with its own promising market and exponential opportunity.
The gDEX (Decentralized Finance Gaming Platform Exchange) is a revolutionary Play to Earn platform powering gamers, creators, and guilds in the Metaverse. gDEX Metaverse acts as a unified GameFi layer enabling interoperability across the metaverse which hosts a suite of robust chain agnostic no-coding needed tools and DeFi fueled GameFi token economy for gamers to maximize the value of their effort, for creators to create and onboard games easily, and for guilds to manage and grow their guilds like never before — all attached to their unique metaverse passport.
Learn more about gDEX Metaverse here:
Website: https://gdexmetaverse.com/
Twitter: https://twitter.com/gDEXMetaverse
Discord: https://discord.gg/gdexmetaverse
Telegram: https://t.me/gdexmetaverse
Facebook: https://www.facebook.com/thegdexmetaverse
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SOURCE gDEX METAVERSE | https://www.mysuncoast.com/prnewswire/2022/06/13/top-american-gamer-celebrity-jerome-backs-gdex-metaverse-with-his-9-million-followers/ | 2022-06-13T02:06:48Z |
NEW YORK, July 15, 2022 /PRNewswire/ -- Jakubowitz Law announces that a securities fraud class action lawsuit has commenced on behalf of shareholders of Spero Therapeutics, Inc. (NASDAQ: SPRO).
The lawsuit seeks to recover losses for shareholders who purchased Spero between October 28, 2021 and May 2, 2022.
Shareholders interested in acting as a lead plaintiff representing the class of wronged shareholders have until July 25, 2022 to petition the court. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.
According to a filed complaint, Spero Therapeutics, Inc. issued materially false and/or misleading statements and/or failed to disclose that: (i) the data submitted in support of the New Drug Application ("NDA") for the Company's product candidate, Tebipenem HBr, were insufficient to obtain approval from the U.S. Food and Drug Administration ("FDA"); (ii) accordingly, it was unlikely that the FDA would approve the Tebipenem HBr NDA in its current form; (iii) the foregoing would necessitate a significant workforce reduction and restructuring of Spero's operations; and (iv) as a result, the Company's public statements were materially false and misleading at all relevant times.
Jakubowitz Law is vigorous in pursuit of justice for shareholders who have been the victim of securities fraud. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT:
JAKUBOWITZ LAW
1140 Avenue of the Americas
9th Floor
New York, New York 10036
T: (212) 867-4490
F: (212) 537-5887
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SOURCE Jakubowitz Law | https://www.mysuncoast.com/prnewswire/2022/07/15/spro-shareholder-alert-jakubowitz-law-reminds-spero-shareholders-lead-plaintiff-deadline-july-25-2022/ | 2022-07-15T11:34:21Z |
NEWPORT BEACH, Calif., June 16, 2022 /PRNewswire/ -- Vivera Pharmaceuticals is pleased to welcome Fabio Macciardi, M.D., Ph.D., to its Advisory Board as Neurogenetics Scientific Advisor to the Company's Biosciences Division. As an expert in neurogenetics, Dr. Macciardi will assist Vivera in the research and development of targeted genetic therapies to address the unmet needs of patients with various central nervous system (CNS) conditions.
"I am looking forward to joining Vivera as we utilize our knowledge of the human brain to develop therapeutic tools for patients with neuropsychiatric disorders," said Dr. Macciardi.
Dr. Macciardi is a Professor of Molecular Psychiatry at the University of California, Irvine (UCI), School of Medicine. Currently, he is leading research focused on analyzing the function and evolution of neurocognitive genes and their associated traits utilizing next-generation DNA and RNA sequencing methods.
The objective of Dr. Macciardi's research is to detect and characterize the role of non-coding RNAs and transposable elements (TEs) as epigenetic regulators (elements that can modify gene expression without altering the genetic code itself) in neural tissue and across neuropsychiatric disorders. His lab has already identified more than 600,000 expressed discrete TEs in the human brain as major epigenetic regulators of gene expression in neurogenesis, autism spectrum disorder (autism), schizophrenia, and Alzheimer's disease.
"We are honored to welcome Dr. Macciardi to Vivera's Advisory Board," said Paul Edalat, Chairman and CEO of Vivera. "His research has led to remarkable discoveries in the genetics field, and we are looking forward to harnessing his expertise to support our research and development initiatives."
Additionally, Dr. Macciardi's research will be particularly instrumental in the Company's drug development and licensing strategy for TABMELT, Vivera's novel patented and patent-pending sublingual drug delivery system that allows patients to take a medication by placing a tablet under the tongue. Utilizing his scientific background, Dr. Macciardi will help Vivera select medications that may better serve patients in a sublingual format.
"I welcome Dr. Macciardi to the team," said Gerald A. Maguire, M.D., D.L.F.A.P.A., Vivera's Chief Neurosciences Advisor. "Together, we will explore innovative methods to treat neuropsychiatric disorders, which could be life-changing to patients who are affected."
Vivera Pharmaceuticals is an innovative, science-driven pharmaceutical company located in Southern California. The Company has global exclusivity to license the patented and patent-pending TABMELT sublingual drug delivery system for pharmaceutical use and holds its own issued patents on ZICOH, a smart dose-controlled electronic medical device. The Company has also received a Notice of Allowance for its portable telemedicine station, MDZone. With multiple divisions, including its pharmaceutical, neurosciences, medical technology, biosciences, and advanced diagnostics divisions, Vivera Pharmaceuticals is vertically integrated with patented technology, manufacturing capabilities, and distribution for its products.
For more information, please visit viverapharmaceuticals.com or connect with us on LinkedIn, Facebook, Twitter, or Instagram.
Contact:
Ashley LeVine
media@viverapharma.com
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SOURCE Vivera Pharmaceuticals, Inc. | https://www.mysuncoast.com/prnewswire/2022/06/16/vivera-appoints-dr-fabio-macciardi-neurogenetics-scientific-advisor/ | 2022-06-16T14:22:09Z |
Kansas woman sentenced to jail, restitution for 15 fake insurance claims
COLBY, Kan. (WIBW) - A western Kansas woman will spend a few days and jail and pay more than $18,000 for filing about 15 fake medical insurance claims.
Kansas Attorney General Derek Schmidt says Lace Morford, 41, of Sharon Springs, was sentenced to pay about $18,000 in restitution for filing fraudulent insurance claims for medical services.
AG Schmidt said Morford was sentenced on Wednesday, May 4, in Thomas Co. District Court by Judge Kevin N. Berens.
Morford was convicted of one count of insurance fraud, one count of unlawful use of a computer, one count of forgery, and one count of theft.
Schmidt said Berens sentenced Morford to pay a total of $17,942.50 in restitution, as well as a $500 fine. She was also sentenced to serve 15 days in the county jail as a condition of probation.
Court records indicate Morford pleaded guilty to charges in late February.
Schmidt said investigators with the Kansas Insurance Department found Morford had filled 15 invalid medical claims with her carrier between June 2016 and May 2019. He said she used computers and a network at her job to falsify medical records to support her claims filed with the insurance carrier.
Schmidt said the case was prosecuted by Assistant Attorney General Brandon Hottman of the Fraud and Abuse Litigation Division.
Copyright 2022 WIBW. All rights reserved. | https://www.wibw.com/2022/05/06/kansas-woman-sentenced-jail-restitution-15-fake-insurance-claims/ | 2022-05-06T21:35:21Z |
4-star RB Dylan Edwards decommits from K-State
MANHATTAN, Kan. (WIBW) - Kansas State has lost one of the most sought after recruits of its 2023 class.
Dylan Edwards, a 4-star running back and Derby High School product, committed to K-State on June 23. He announced on Wednesday, July 27 he’d received an offer from Notre Dame.
On Friday night, Edwards announced he would be decommitting from the Wildcats, and reopening his recruitment process.
“At this moment I’d like to thank the whole Kansas State staff and fan base for the amazing opportunity to become a Wildcat. After recent thoughts and talks with my family, I’d like to decommit and take a step back, and reopen my recruitment. Kansas State will always have a special place in my heart. But you get this opportunity one time, and with God’s grace I’ll pick what is fully best for me,” said Edwards in his statement.
Edwards, the Kansas Gatorade Player of the Year, is the No. 1 running back in the state of Kansas for the 2023 class.
Copyright 2022 WIBW. All rights reserved. | https://www.wibw.com/2022/07/30/4-star-rb-dylan-edwards-decommits-k-state/ | 2022-07-30T01:25:02Z |
A suspect is in custody after a shooting at an elementary school in Uvalde, Texas, left at least two dead and injured more than a dozen others, including students, authorities said.
The Uvalde Consolidated Independent School District (UCISD) said there was an "active shooter" at Robb Elementary School at 12:17 p.m. Tuesday local time and said law enforcement was on site.
Two people died in the school shooting, and 13 children were being treated for various injuries at Uvalde Memorial Hospital, spokesperson Tom Nordwick said. A man in his 40s was also being treated, he said.
Two children were transported to San Antonio and another is pending transfer, he added.
University Hospital in San Antonio said in a tweet that they received a child and an adult from the school shooting. The adult, a 66-year-old woman, is in critical condition, the hospital said in a tweet.
Videos taken by a bystander, Isaias Melendez, show scores of armed officers at the scene while others flee the school.
Uvalde is located about 85 miles west of San Antonio and about 70 miles east of Del Rio. Robb Elementary teaches 2nd through 4th grades and had 535 students in the 2020-21 school year, according to state data. Thursday was set to be the last day of school for the year.
The school district said it is canceling all school activities following the shooting.
The FBI and the Bureau of Alcohol, Tobacco, Firearms and Explosives (ATF) are assisting local police with the investigation.
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accounts, the history behind an article. | https://www.albanyherald.com/news/at-least-two-are-dead-and-others-injured-after-a-shooting-at-a-texas-elementary/article_2b40f2de-f347-5a1c-b354-d501a1fdad32.html | 2022-05-24T21:45:50Z |
J.P. Morgan will join AFP in its efforts to introduce corporate treasury and finance careers to underrepresented communities.
BETHESDA, Md., Sept. 7, 2022 /PRNewswire/ -- The Association for Financial Professionals (AFP) announced J.P. Morgan will join forces to empower college students and young professionals interested in treasury and finance careers, as part of AFP's Diversity, Equity and Inclusion (DEI) Awareness Initiative for Treasury and Finance.
J.P. Morgan will work with AFP in helping aspiring young professionals from diverse backgrounds lead rewarding careers in treasury and finance, through professional development, skills building, ongoing training and continuous learning.
As part of the initiative, AFP offers scholarships for its Certified Treasury Professional and Certified Corporate FP&A Professional certifications. AFP also provides resources to help employers bolster their own DEI programs.
"The corporate treasury and finance profession will only grow stronger when there is a diverse set of skills, backgrounds and viewpoints at the table," said Jim Kaitz, president & CEO of AFP. "At AFP, we are committed to working with our partners to provide individuals from diverse backgrounds with the tools and opportunities they need to become the leaders that will drive the profession forward."
"Diversity and inclusion is critical to the success and growth of our industry, both for us as a firm, and for our clients," said Lori Schwartz, managing director and global head of liquidity and account solutions, J.P. Morgan. "Treasury and finance is a very exciting space, and we will need talent from all backgrounds to create the best financial and technology solutions together for the future."
Please direct all press inquiries to Melissa Rawak, managing director, at mrawak@afponline.org.
About AFP®
Headquartered outside of Washington, D.C., and located regionally in Singapore, the Association for Financial Professionals (AFP) is the professional society committed to advancing the success of treasury and finance members and their organizations. Established and administered by AFP, the Certified Treasury Professional and Certified Corporate FP&A Professional credentials set standards of excellence in treasury and finance.
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SOURCE Association for Financial Professionals (AFP) | https://www.wibw.com/prnewswire/2022/09/07/jp-morgan-partners-with-association-financial-professionals-dei-awareness-initiative/ | 2022-09-07T15:12:36Z |
WASHINGTON (AP) — The year was 2016, the presidential candidate under investigation was Hillary Clinton and the FBI director at the time, James Comey, laid out the factors the Justice Department weighs in deciding whether to charge someone with mishandling classified records.
Fast forward to 2022 and that tutorial proves instructive as another candidate from that election, Donald Trump, is entangled in an FBI probe related to sensitive government documents.
Whether an FBI search of Trump’s Mar-a-Lago residence is a prelude to criminal charges is unknown. The action Monday nonetheless focuses attention on the thicket of statutes that govern the handling of government records, though the department’s own history of prosecutorial discretion — some high-profile investigations have ended without charges or in misdemeanor plea deals — makes it hard to forecast with certainty what might happen this time.
“These are statutes that have historically not been enforced to the fullest extent,” said University of Texas law professor Stephen Vladeck.
Much remains uncertain about Monday’s search, including precisely what documents the FBI was looking for — Trump says agents opened a safe — or why it acted when it did. But people familiar with the matter say it relates to an ongoing Justice Department investigation into the discovery of classified material in boxes of White House records the National Archives and Records Administration recovered from Mar-A-Lago earlier this year.
To obtain a search warrant, the Justice Department would have had to persuade a judge that probable cause existed that a crime was committed, though what statute officials think may have been violated is unclear.
Multiple federal laws require the safekeeping of government secrets. One potentially relevant statute makes it a crime to remove classified information and retain it an unauthorized location. Another makes it illegal to mishandle national defense information, including maps, photographs and documents, or transmit it to a person not authorized to receive it.
But if past is any precedent, the mere mishandling of classified information isn’t always enough for a felony conviction — or any charges at all.
“It often comes down to whether there are aggravating factors in these cases,” said David Laufman, a Washington lawyer who as head of the Justice Department’s counterintelligence and export control section oversaw the Hillary Clinton investigation.
Those include, he said, how much classified information was mishandled, the extent to which the person knew they were in possession of classified information and how sensitive the material was and whether its exposure placed at risk U.S. national security.
The FBI said as much in 2016 when it closed without recommending charges an investigation into whether Clinton mishandled classified information via a private email server she used as secretary of state. Comey said agents had determined that she had sent and received emails containing classified information but that there was no indication she had intended to break the law. He said no reasonable prosecutor would have brought such a case.
To prove his point, he said a review of past Justice Department cases established that each prosecution involved some combination of: an intentional mishandling of classified records; the vast exposure of materials in a way that suggested willful misconduct, disloyalty to the U.S. or obstruction of justice.
In another notable case, former CIA Director David Petraeus was permitted in 2015 to plead guilty to a misdemeanor charge of the unauthorized removal and retention of classified information, avoiding prison as he admitted sharing notebooks containing government secrets with his biographer. That resolution came two years after an FBI search of his home and despite an acknowledgment by Petraeus that he knew the information he was sharing was classified.
It remains to be seen what arguments Trump might raise as the investigation progresses. His lengthy statement disclosing the search did not address the substance of the probe, complaining instead that the FBI’s action was a “weaponization of the Justice System and an attack by Radical Left Democrats.”
Christina Bobb, a lawyer for Trump, said in an interview that aired on Real America’s Voice on Tuesday that supporting documentation for the warrant remained sealed and that she had not seen it. But she said investigators said they were “looking for classified information that they think should not have been removed from the White House, as well as presidential records.”
She asserted that the president himself gets to decide what is a presidential record, and it is true that Trump could argue that as president until Jan. 20, 2021, he was the original classification authority and had declassified on his own the classified material recovered from Mar-a-Lago.
But, law professor Vladeck said, it would be a “pretty stunning” argument by Trump to claim as his defense that he had “declassified all of our crown jewels” and, by doing so, effectively admit that he was a “threat to our national security.”
And, Laufman said, “The fact that he has legal authority doesn’t mean…that anything he might have chosen to take from the White House and squirrel away at Mar-a-Lago is declassified. The declassification process does not exist in Donald Trump’s head. It’s not self-executing.”
It is also possible he might say he was unaware of the content of the boxes as they were being packed. His son Eric told Fox News that boxes were among items that got moved out of the White House during “six hours” on Inauguration Day. But even if that’s the case, he would still have had a legal obligation once he learned of the presence of classified information to return it, Laufman said.
There are other statutes that could come into play that don’t explicitly concern classified information. One particular law makes it a felony for someone in possession of government records to willfully mutilate, obliterate or destroy them. That law is punishable by up to three years in prison and says that anyone convicted of it is disqualified from holding future office, though the qualifications of who can run for president are established by the Constitution.
In any event, key unanswered questions remain, including whether the investigative focus is on “the act of keeping all this material at Mar-a-Lago” or on what the material actually is, Vladeck said.
Given that mystery, he said, “We won’t know for sure until we know for sure.” | https://cw33.com/news/nexstar-media-wire/did-trump-commit-a-crime-fbi-search-of-mar-a-lago-raises-fresh-questions/ | 2022-08-10T16:13:51Z |
NEW YORK, April 11, 2022 /PRNewswire/ --
WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of Celsius Holdings, Inc. (NASDAQ: CELH) between August 12, 2021 and March 1, 2022, inclusive (the "Class Period"), of the important May 16, 2022 lead plaintiff deadline.
SO WHAT: If you purchased Celsius securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.
WHAT TO DO NEXT: To join the Celsius class action, go to https://rosenlegal.com/submit-form/?case_id=4162 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than May 16, 2022. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.
WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Many of these firms do not actually handle securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs' Bar. Many of the firm's attorneys have been recognized by Lawdragon and Super Lawyers.
DETAILS OF THE CASE: According to the lawsuit, defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (1) Celsius had improperly recorded expenses for non-cash share-based compensation for second and third quarters of 2021; (2) as a result, Celsius's financial statements for those periods would be restated, including to report a net loss for the third quarter of 2021; (3) there was a material weakness in Celsius's internal controls over financial reporting; and (4) as a result of the foregoing, defendants' positive statements about Celsius's business, operations, and prospects were materially misleading and/or lacked a reasonable basis. When the true details entered the market, the lawsuit claims that investors suffered damages.
To join the Celsius class action, go to https://rosenlegal.com/submit-form/?case_id=4162 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action.
No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor's ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.
Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.
Attorney Advertising. Prior results do not guarantee a similar outcome.
Contact Information:
Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, P.A.
275 Madison Avenue, 40th Floor
New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
lrosen@rosenlegal.com
pkim@rosenlegal.com
cases@rosenlegal.com
www.rosenlegal.com
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SOURCE Rosen Law Firm, P.A. | https://www.mysuncoast.com/prnewswire/2022/04/11/rosen-trusted-investor-counsel-encourages-celsius-holdings-inc-investors-with-losses-secure-counsel-before-important-deadline-securities-class-action-celh/ | 2022-04-11T23:26:50Z |
- Capital funds regional expansion and development of Fan Engagement Platform that builds direct relationships between sports fans, professional team, leagues and global consumer brands
- Investment led by Acies Investments
LOS ANGELES, June 14, 2022 /PRNewswire/ -- Tally Technology (www.playtally.com), the premier global fan engagement platform, today announced the closing of its oversubscribed $4 million Series Seed funding round.
The financing was led by Acies Investments, an industry-dedicated venture fund to the sports wagering, sports technology, iGaming and esports industries.
Tally Technology was founded in 2018 as a free-to-play prediction game for brands, professional sports teams, leagues, and media platforms seeking a turnkey fan engagement platform. As part of the natural game play, Tally is building a database of unique users and gathering data on those users' gaming, wagering, brand preferences, consumer spending and other insights.
Over the past four years, Tally has recorded over 20 million predictions from unique users across North, Central and South America. It is the fan engagement platform choice of some of the biggest names in sports, including the Los Angeles Rams, Green Bay Packers, Buffalo Bills, Los Angeles Lakers, Atlanta Hawks, St Louis Blues, Edmonton Oilers, Los Angeles Kings, CONCACAF, Ceara, and Atlético MG.
With the closing of the Series Seed investment, Tally will continue to invest in its data platform, expand its operations, and build out a wider variety of game types.
Brad Vettese, CEO of Tally, said: "Each year almost $50 billion is spent globally on sports sponsorship with little way to measure the brands' resonance, and no real accountability in its ability to build a sustainable, valuable relationship with fans. Tally builds that critical bridge.
"By connecting brands directly to fans, we enhance engagement for some of the world's most prestigious sports entities and brand sponsors, like AmBev, who can now leverage their first party data to build and own direct, one-to-one relationships with their beer consumers.
"We are thrilled to be partnering with Acies Investments who have great experience within sports technology and sports betting. They will be a major asset as we continue to grow and help our partners build stronger and more engaged audiences."
Dan Fetters, Co-Founding Partner and Co-CIO of Acies, said: "We are excited to partner with Brad and the Tally team who have created an exceptional system of fan engagement and data management that goes well beyond the simple prediction games of the past.
"We recognize that North American sports betting operators are the primary audience for this rich fan data, but the addition of sponsors looking for meaningful activation on a global basis is truly game changing."
Tally, co-founded in 2018 by Super Bowl champion quarterback Russell Wilson, is a fan engagement and consumer data platform company that collects and segments consumer data for its team, federation, broadcast and brand partners using white-label mobile platforms. Its partners utilize this data to increase sponsorship and direct revenue through providing customized goods and services to their fanbase without the cost of social media marketing.
Acies Investments is a venture capital fund that specializes in partnering and funding companies in the sports betting, iGaming, esports and sports technology industries. The firm was founded in 2020 by Dan Fetters, Edward King, Chris Grove and Jim Murren, who together have over a century of combined experience as operators, entrepreneurs, deal makers and investors.
Contacts
Lexi Panepinto
CTP Boston for Tally
lpanepinto@ctpboston.com
+1-716-445-1018
Lewis Phillips
Square in the Air for Tally
lewis@squareintheair.com
+44 (0) 7717 221 445
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SOURCE Tally Technology | https://www.mysuncoast.com/prnewswire/2022/06/14/tally-technology-closes-4m-funding-round-led-by-acies-investments/ | 2022-06-14T13:41:35Z |
MOJAVE, Calif., May 4, 2022 /PRNewswire/ -- Stratolaunch announces the successful completion of its fifth flight test of Roc, the world's largest flying aircraft. The aircraft flew for 4 hours and 58 minutes over the Mojave Desert and reached an altitude of 22,500 feet (6858 m).
The fifth flight debuted a new pylon on the aircraft's center wing that will be used to carry and release Talon-A hypersonic vehicles. The hardware is comprised of a mini-wing and adapter that is constructed with aluminum and carbon fiber skins. It weighs approximately 8,000 pounds and occupies 14 feet of Roc's 95-foot center wingspan, allowing for adequate space between the aircraft's dual fuselages for safe vehicle release and launch. The state-of-the-art structure also features a winch system that will load Talon onto the platform from the ground, expediting launch preparation and reducing the need for ground support.
Talon-A vehicles are rocket-powered, autonomous, reusable testbeds carrying customizable payloads at speeds above Mach 5. This testbed capability enables routine access to the hypersonic flight environment, which is critical for scientific research, technological development, and component demonstration.
Initial results from today's test objectives include:
- Validation of the aircraft's general performance and handling characteristics, with the addition of the recently installed pylon hardware
- Continued validation of landing gear operations including door functionality, and alternate gear extension
"Today's successful flight validates important hardware improvements to the carrier aircraft," said Dr. Zachary Krevor, Stratolaunch Chief Executive Officer and President. "The pylon is a crucial component of our combined launch system, and I am proud of the team's timely and quality integration work that occurred since our last test flight. It is through their dedication that we continue to make steady progress toward achieving our next milestones of Talon-A flight tests later this year."
In addition to testing the carrier aircraft, the team continues to make progress on system integration and functional testing of two Talon-A test vehicles, TA-0 and TA-1.
The team has also started fabrication of a third vehicle, TA-2, the first fully reusable hypersonic test vehicle. The company anticipates beginning hypersonic flight testing and delivering services to government and commercial customers in 2023.
About Stratolaunch
Stratolaunch's mission is to advance high-speed technology through innovative design, manufacturing, and operation of world-class aerospace vehicles. For the latest news and information, visit www.stratolaunch.com and follow us on Facebook, Twitter, LinkedIn, and Instagram.
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SOURCE Stratolaunch | https://www.wibw.com/prnewswire/2022/05/04/stratolaunch-carrier-aircraft-completes-fifth-flight-with-new-pylon/ | 2022-05-05T00:45:33Z |
WASHINGTON (AP) — The Supreme Court’s climate change ruling on Thursday is likely to hinder President Joe Biden’s plans to cut greenhouse gas emissions in half by the end of the decade and to make the U.S. a global leader again in the fight to slow global warming.
In its decision, the court limited the reach of the nation’s main anti-air pollution law that’s used to reduce carbon dioxide emissions from power plants. The 6-3 ruling declared that the Clean Air Act does not give the Environmental Protection Agency broad authority to regulate emissions from plants that contribute to global warming.
Power plants account for roughly 30% of carbon dioxide output.
The decision also could have a broader effect on other agencies’ regulatory efforts, from education to transportation and food.
Leaders in coal-state West Virginia welcomed the ruling. But Biden called it “another devastating decision that aims to take our country backwards.” He said he will continue to use his authority when possible to protect public health and address climate change.
A look at how the court ruling could impact efforts to slow global warming and other regulatory actions by the executive branch.
WHAT DID THE COURT SAY?
Chief Justice John Roberts, writing for the court, said the Clean Air Act doesn’t give EPA the authority to regulate carbon dioxide emissions in a way that would force a nationwide transition away from the use of coal to generate electricity, and that Congress must speak clearly on this subject.
“A decision of such magnitude and consequence rests with Congress itself, or an agency acting pursuant to a clear delegation from that representative body,” he wrote.
The Clean Air Act, which EPA used in its rulemaking, was passed in 1970, when global warming was little known.
“It’s almost as if the court needs Congress to make a new law every time a new problem emerges, which is ridiculous and dangerous,” said Georgetown University Law Professor Lisa Heinzerling, a former EPA official. She authored winning arguments in a 2007 case in which a previous high court found that greenhouse gases are air pollutants under the Clean Air Act and can in fact be regulated by the EPA.
WHAT DOES THE RULING MEAN FOR THE FIGHT AGAINST CLIMATE CHANGE?
In the short term. the ruling makes it harder for the Biden administration to meet its ambitious goal to slow climate change, even as environmental damage attributable to global warming increases and warnings about the future grow ever more dire. Biden has pledged to cut U.S. greenhouse gas emissions at least in half by 2030 and push the country’s electrical grid to become carbon-free by 2035.
But those goals are in clear jeopardy after the Supreme Court decision handed the responsibility to Congress. Biden’s legislative approach has little chance against opposition from congressional Republicans and Democratic Sen. Joe Manchin from West Virginia.
The court ruling underscores for a global audience the difficulties a U.S. president has in making lasting progress to cut fossil fuels by executive authority. The United States is the world’s biggest climate polluter over time. Biden’s struggling to make big systemic changes at home won’t impress countries such as China, India and Russia as the United States pushes them to end their dependency on coal and make other big emissions cuts.
“Unfortunately, the climate system doesn’t care about our politics,” said Northern Illinois climate scientist Victor Gensini, adding that the court was “essentially leaving the decision to regulate carbon dioxide and other gases to those in Congress that may not have the best interest of the planet in mind.”
WHAT DOES IT MEAN FOR PEOPLE?
With the fight against climate change slowed, advocates say, sea level rise and weather extremes such as hotter wildfires and more severe droughts are likely to continue.
“In a way, this ruling is most concerning for communities who live on the fence line of power plants, who are exposed on a daily basis to the airborne pollutants that are released with greenhouse gases, and they face the most acute exposures,” said Sabrina McCormick, associate professor of environmental and occupational health at George Washington University.
California Gov. Gavin Newsom said the ruling makes it even more important that his state and others continue efforts to combat the climate crisis. “While the court has once again turned back the clock, California refuses to go backward — we’re just getting started,″ Newsom said.
California has taken a lead in setting strict emissions standards for cars and trucks.
HOW WILL THE RULING AFFECT OTHER FEDERAL AGENCIES?
Some legal scholars say the ruling’s impact extends beyond climate change and the EPA to affect a host of major regulatory actions by the executive branch. The court held that Congress must speak with specificity when it wants to give an agency authority to regulate on an issue of major national significance.
The court is announcing it will apply this “broadly and aggressively,” Heinzerling said.
She cited earlier rulings by the court to block the Biden administration’s vaccine mandate for large employers and to lift a federal ban on evictions imposed during the COVID-19 pandemic. In both cases, the court ruled that Congress had not given federal agencies specific power to adopt the wide-ranging measures.
“The court doesn’t want an agency to find authority for the first time” in an existing statute to address a new problem, Heinzerling said.
Even before the court’s ruling, opponents were threatening court action challenging the Education Department’s proposed rule extending protections under the Title IX women’s rights law to LGBTQ students, and an upcoming regulation of the rights of transgender students in athletics.
“Whenever the Biden regulations come out, it’s absolutely going to be a bevy of court challenges to them, and this will absolutely be an argument trying to invalidate those regulations,” said Scott Schneider, a lawyer who has worked on Title IX issues.
The ruling is also being watched closely in the technology sector, where agencies such as the Federal Trade Commission and the Federal Communications Commission have been pursuing stronger rules meant to promote internet competition and rein in monopolistic behavior by Big Tech companies.
Stronger antitrust enforcement sought by Biden and FTC Chair Lina Khan “was already highly questionable and I think is weakened significantly by this decision,” said Neil Chilson, an FTC chief technologist during the Trump administration and now a research fellow at libertarian-leaning Stand Together.
UCLA law professor Blake Emerson said that as a result of the ruling, agencies are likely to become more cautious ”and maybe less effective in their efforts to address major threats to public health and safety.”
WHAT WILL CONGRESS DO?
The court ruling says it is up to Congress to act with specificity on “major questions” such as climate change. That is unlikely.
Sen. Sheldon Whitehouse, a Rhode Island Democrat who is a leading advocate for strong action on climate, said the court has handcuffed the government’s ability to act.
“The problem is this: They closed down administrative agencies’ ability to regulate, and then they send the questions over to Congress where we are blockaded by the filibuster and where all the big, dark polluter money that they let into the political system holds sway,” he told The Associated Press.
However, West Virginia Sen. Shelley Moore Capito, the top Republican on the Senate environment panel, hailed the court ruling, which comes in a case brought by her state.
“If Congress had intended to give EPA such sweeping authority to transform an entire sector of our economy, Congress would have done so explicitly,” Capito said. She vowed to continue strong oversight over EPA.
WHAT CAN EPA DO?
The decision does not prohibit EPA from regulating carbon emissions from coal plants, advocates said, but does limit its authority to do so.
EPA head Michael Regan said the agency will move forward with “lawfully setting and implementing environmental standards that meet our obligation to protect all people and all communities from environmental harm.″
The agency expects to propose a new power plant rule early next year.
“EPA has an important role to play, and it’s important that they act,” said David Doniger, senior strategic director of climate and clean energy at the Natural Resources Defense Council.
The Edison Electric Institute, which represents investor-owned electric companies, said U.S. electric companies are committed to providing clean energy “without compromising on the reliability and affordability that customers value.”
Utilities will continue to work with EPA as officials “undertake a new rulemaking that is consistent with the court’s decision,” said Emily Fisher, EEI’s general counsel and senior vice president.
___
Associated Press writers Seth Borenstein, Ellen Knickmeyer and Drew Costley in Washington; Jennifer McDermott and Matt O’Brien in Providence, Rhode Island; Annie Ma in Charlotte, North Carolina, and Kathleen Ronayne in Sacramento, California, contributed to this story. | https://cw33.com/business/ap-business/explainer-why-courts-epa-climate-change-ruling-matters/ | 2022-07-01T00:12:16Z |
Contract award opens federal contracting opportunities for IT company
FAIR LAKES, Va., June 29, 2022 /PRNewswire/ -- Azoole, a joint venture between Chainbridge Solutions Inc. and CGI Federal Inc., is a proud recipient of the 8(a) Streamlined Technology Acquisition Resource for Services (STARS) III Government-wide Acquisition Contract (GWAC), contract. This multi-award, indefinite-delivery/indefinite quantity (IDIQ) contract is run by GSA and serves all federal agencies. Azoole's new IDIQ contract includes a 5-year Base Period with one 3-year Option Period and the opportunity to compete for task orders up to the $50 billion ordering ceiling.
"Azoole is incredibly proud to have been awarded the GSA 8(a) STARS III contract," stated Aarti Smith, Founder and Chief Executive Officer of Chainbridge Solutions. "The Azoole joint venture is an ideal partnership of unparalleled innovation and agility in IT that enables Chainbridge Solutions and CGI Federal to extend their reach to more federal customers and better serve their important missions."
STARS III opens the door to hundreds of opportunities for Azoole to deliver quality IT solutions to customers across the federal government. The contract enables Azoole the opportunity to support federal agencies with full-scope application services and modernization, including agile, DevSecOps, cloud, and low code/no code.
"Azoole represents the best of Chainbridge Solutions and CGI Federal, who share a goal of bringing technology that secures the people, assets and systems of the federal government," stated Stephanie Mango, President of CGI Federal. "With this strategic contract vehicle win, Azoole will be enabled to bring its IT security expertise to support the delivery of innovative solutions to solve some of the federal government's most complex challenges."
People are at the core of everything Azoole does –the American citizen, the federal government employee, the contractor. Through innovative designs and agile delivery, Azoole provides business process services and implements technology-based solutions that make lives safer. For more information visit azoole.com.
About Chainbridge Solutions Inc.
Chainbridge Solutions Inc. an SBA-certified 8(a), Woman-Owned Small Business (WOSB), has been entrusted since 2010 to deliver modern, secure solutions to federal agencies and organizations. Chainbridge Solutions specializes in legacy application modernization through an agile methodology focused on human-centric design, strong customer engagement and rapid delivery through an iterative approach. Chainbridge Solutions brings strong expertise in Human Capital, Personnel Security and Investigative Case Management. Leveraging Machine Learning and robotic process automation, Chainbridge Solutions delivers smart, innovative solutions that offer workflow efficiencies, cost savings, and a user-centric experience to their customers. Learn more at chainbridgesolutions.com
About CGI Federal
CGI Federal Inc., a wholly-owned U.S. operating subsidiary of CGI Inc., is dedicated to partnering with federal agencies to provide solutions for defense, civilian, healthcare and intelligence missions. Founded in 1976, CGI is among the largest IT and business consulting services firms in the world. With 82,000 consultants and other professionals across the globe, CGI delivers an end-to-end portfolio of capabilities, from strategic IT and business consulting to systems integration, managed IT and business process services and intellectual property solutions. CGI works with clients through a local relationship model complemented by a global delivery network that helps clients digitally transform their organizations and accelerate results. With Fiscal 2021 reported revenue of C$12.13 billion, CGI shares are listed on the TSX (GIB.A) and the NYSE (GIB). Learn more at cgi.com.
Contact: Kristin Brewer
Media Liaison
media@chainbridgesolutions.com
GSA #47QTCB22D0388
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SOURCE Chainbridge Consulting | https://www.wibw.com/prnewswire/2022/06/29/azoole-awarded-gsa-8a-stars-iii-contract/ | 2022-06-29T18:08:10Z |
Topeka receives $2 million dollars from the American Rescue Plan
TOPEKA, Kan. (WIBW) -The city is getting an additional $2 million from a federal housing investment program funded through the American Rescue Plan.
The city says the funds will enhance the equality of targeted Topeka neighborhoods and try to increase homeownership and rental housing properties.
They’ll use the additional money to develop non-congregate shelters and develop affordable rental housing.
Mayor Padilla says it’s another way the city is seeing benefit from the overall American Rescue Plan dollars it’s received.
“We look at those ARPA funds as a real shot in the arm to our community, we will be able to use them for infrastructure and some for what they call community projects in community efforts it really is a shot in the arm, we just need to be careful how we spend that money,” he said.
Copyright 2022 WIBW. All rights reserved. | https://www.wibw.com/2022/06/15/topeka-receives-2-million-dollars-american-rescue-plan/ | 2022-06-15T04:29:29Z |
Research reveals SPVs will continue to democratize private asset investing due to their efficient, flexible, and affordable structure
SALT LAKE CITY, June 16, 2022 /PRNewswire/ -- Assure Analytics today announced the availability of its inaugural State of the Special Purpose Vehicle (SPV) Report, an aggregation of millions of data points across private markets which are then analyzed to create relevant insights that are unavailable elsewhere in the industry. This unique acumen enables the global financial industry to make more informed, data-based private investment decisions.
Assure Analytics is the business intelligence unit of Assure, the leading provider of SPVs. SPVs have been used to structure investments and private capital for decades. However, historically they have been expensive and inefficient to use. In 2013, Assure changed that by streamlining the process and lowering the costs for creating, administering and closing SPVs, making them more accessible to deal organizers and investors.
"Assure is helping to democratize investing in private assets," said Jeremy Neilson, CEO and co-founder of Assure. "Traditionally private investing was reserved for a very small niche of uber wealthy investors or venture funds. Now, an entire ecosystem of accredited investors have the opportunity to participate in investing into private assets because the structure of SPVs are extremely flexible, transparent, and affordable. That's why we're seeing a two-fold increase in interest every year from investors wanting to deploy this structure using Assure."
Top findings from the 2022 State of the SPV Report include:
- The median SPV size is $422,000
- 70% of SPVs raise under $1 million
- 6% of SPVs raise more than $5 million
- The median U.S.-led SPV raise was $103,000 with an average of $20,000 per investor
- The median non-U.S.-led SPV was $325,000 with an average of $38,000 per investor
- Over the past six years, the median SPV size has almost doubled while the average investment has more than tripled
- Less than 10% of SPVs collect a management fee
- California organizers are most likely to charge a management fee
- International organizers are least likely to charge a management fee
- SPVs put capital to work and make investor distributions fast. The time to 1st investment is 43 days, and the time to 1st distribution is 2.3 years
The full 2022 State of the SPV Report includes more information on these and other findings. In addition, Assure will continue to release a series of briefs exploring how different segments of the SPV ecosystem leverage SPVs – the first edition takes a look at how angel groups use SPVs and is available for download here.
Assure is the pioneering, industry-leading provider of comprehensive structuring and administrative services for the syndicate and venture investment community. The company offers professional, high-quality services and innovative software that streamlines setting up, closing and managing back-office fund administration for angel and private asset investing. Assure's experience and volume significantly outpaces other fund administrators. Assure's approach, which allows clients to structure and close deals faster, cheaper and with more transparency, helped pave the way for the ascendance of the "super angels," special purpose vehicles and micro VCs. The company has worked with more than 1,400 clients, including Launch, Equity Zen, Republic, Forge, Tribeca Angels, Tech Coast Angels, Gaingels, and Miami Angels, structuring and closing more than 8,500 deals with over $9 billion in assets under administration. Assure offers a full suite of services including special purpose vehicle administration, fund accounting and fund taxes, Exempt Reporting Advisor (ERA) services, KYC/AML services and 506(c) accreditation. For more information about Assure, visit www.assure.co.
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SOURCE Assure | https://www.wibw.com/prnewswire/2022/06/16/assure-analytics-releases-groundbreaking-state-spv-report/ | 2022-06-16T20:27:03Z |
BERLIN, Sept. 6, 2022 /PRNewswire/ -- SGW Global and Motorola Mobility LLC today announces the signing of an extended multi-year deal granting SGW Global the exclusive rights to develop and market the Motorola brand of Home Audio products globally*.
SGW Global will now be responsible for the innovation, design, marketing and sales of an expanded Motorola Audio category, which includes both Personal Audio and Home Audio. This extends the more than 10-year partnership which currently also includes the licensing of Nursery and Personal Audio products. This partnership will build on the experience, energy and capabilities of both companies to increase design and innovation in the audio market, with the intention of expanding the product range, and enhancing the quality, user experience and audio performance of both Personal and Home Audio products.
"We consider it to be a huge privilege to be entrusted with the Home Audio category of products for the Motorola brand. Having been a licensee of other Motorola categories, we understand the strength that the brand brings," says Malcolm Paton, Executive Director of SGW Global. "Motorola's legacy of quality and innovation is unmatched and we have experienced great success in our current partnership. We look forward to how we will build on it with the addition of Home Audio."
"Throughout our long-standing relationship, we have always been impressed with the quality, safety and reliability of SGW products, SGW's compliance with the requirements of the brand licensing program and SGW's dedication to the Motorola brand," said David Carroll, Executive VP of Brand Licensing for Motorola Mobility LLC. "With SGW's leadership, we believe SGW will take Home Audio products to a new level and look forward to partnering with SGW on this journey."
SGW Global was granted the exclusive licensing rights to Personal Audio in December of 2020, which includes consumer audio accessories that are intended to be used in conjunction with mobile phones, such as Wi-Fi headsets; mono Bluetooth and Wi-Fi headsets and compact; portable, battery-powered Bluetooth and Wi-Fi speakers. Earlier this year, SGW Global introduced a new product to the Personal Audio category that was hugely successful and expanded the personal audio experience into automobile integration. The Motorola MA1, a plug-and-play adapter that integrates with Android Auto, has been recognized with numerous innovation awards and after the success of the initial launch in the US, the production quantities were increased to match the demand.
The Addition of Home Audio allows SGW to now bring its experience and innovation to consumer audio products within the home experience, including: amplifiers/receivers; Stereo Shelf Systems; turntables; sound bars, speakers and subwoofers; home theater systems; speaker stands, and in-box audio cables, connectors and remotes, and other similar devices. The agreement will see SGW's consumer electronic portfolio significantly strengthen and expand worldwide opportunities for the Motorola brand.
###
SGW Global specializes in the manufacture, design, sales and distribution of a wide array of consumer electronic products and services. Working with leading technology innovators, we pride ourselves on the creation of world-class award-winning designs and solutions. With a 30-year track record of quality and on-time delivery, we partner with dynamic pioneers at the forefront of technological change in a constantly evolving market.
In a partnership with Motorola Mobility LLC that has already existed for more than 10 years, SGW Global are the global1 licensee of the Motorola brand for Personal Audio2, Nursery3 and Telephony4 products.
As a truly global operation, we have our Corporate HQ along with our own manufacturing facilities in China, a dedicated Sales Operation Centre in the US, a European Operations Centre in the UK, and a worldwide sales and distribution network. For more information, visit www.sgwglobal.com
SGW Global is a trading name of Meizhou Guo Wei Electronics Co., Ltd.
For over 90 years the Motorola brand has been known around the world for high quality, innovative and trusted products. Motorola's Strategic Brand Partnership program seeks to leverage the power of this iconic brand by partnering with dynamic companies who offer unique, high quality products that enrich consumers' lives. Strategic brand partners work closely with Motorola engineers while developing and manufacturing their products, ensuring that their products meet the exacting safety, quality, and reliability standards that consumers have come to expect from Motorola. To learn more about Motorola strategic brand partnerships, follow us @ShopMotorola.
MOTOROLA and the Stylized M Logo are trademarks or registered trademarks of Motorola Trademark Holdings, LLC. and are used under license. All other trademarks are the property of their respective owners. © 2020 Motorola Mobility LLC. All rights reserved.
Media Contact:
Nicole Daley / Daley Public Relations
nicole@daleypr.com
415.408.8664
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SOURCE SGW Global | https://www.wibw.com/prnewswire/2022/09/07/sgw-global-motorola-mobility-llc-close-deal-global-license-motorola-home-audio-products/ | 2022-09-07T01:19:30Z |
In states with tax assessment limits, disparities in property tax bills for new and longtime homeowners grew rapidly last year, according to the annual 50-State Property Tax Comparison Study by the Lincoln Institute and Minnesota Center for Fiscal Excellence
CAMBRIDGE, Minn., July 13, 2022 /PRNewswire/ -- In San Diego, the owner of a newly purchased, median-priced home paid more than $9,000 in property taxes last year, about $3,400 more than somebody who has owned an identical home for 14 years, the average duration of home ownership in the city, according to a new study from the Lincoln Institute of Land Policy and the Minnesota Center for Fiscal Excellence.
A result of the assessment limit contained in California's Proposition 13, the disparity in tax bills for new and longtime homeowners in San Diego grew by $600 last year alone as property values increased, and it has grown by more than $2,000 in five years, according to the 50-State Property Tax Comparison Study.
Assessment limits restrict the growth in the assessed value of a home for tax purposes, usually allowing a property to be assessed at its full market value only after it is sold. Over time, as the value of a home increases, its owner receives an increasingly large tax break. New and recent homebuyers make up for these tax breaks by paying higher bills. San Diego is one of 29 large cities with assessment limits analyzed in the study. In these cities, longtime homeowners receive an average tax break worth $1,600, a 30 percent discount compared with tax bills of new homeowners.
Produced annually, the 50-State Property Tax Comparison Study provides the nation's most comprehensive analysis of local property tax rates by calculating the effective tax rate—the tax paid as a percentage of market value—for 74 large U.S. cities and a rural municipality in each state. The study considers property tax exemptions, credits, the accuracy of assessments, and other factors to provide meaningful comparisons of tax rates and bills for residential, commercial, and industrial property. It also analyzes the key factors that drive differences in tax rates among cities.
One of the main drivers of variation in tax rates is the extent to which each city relies on the property tax. In Bridgeport, Connecticut, for example, residents pay one of the highest effective property tax rates on a median-valued home, but they pay no local sales or income taxes. Birmingham, Alabama, by contrast, has some of the lowest effective property tax rates, but its residents pay significantly more in total local taxes than Bridgeport's—$3,201, per capita, compared to $2,221 in Bridgeport—because Birmingham also relies on local sales and income taxes.
A second major driver of variation in tax rates is the difference in property values in different markets. Cities with high property values can collect the same revenue with a lower rate than cities with low property values. For example, to collect $3,424—the average amount collected for a median-valued home in the study—the effective property tax rate would need to be 20 times higher in Detroit, which has the lowest home values in the study, than in San Francisco, which has the highest home values.
Other factors in the variation of property tax rates include differing levels of local government spending, and differences in how various classes of property, such as residential, commercial, and industrial, are treated relative to each other.
The study found that among the largest cities in each state, the average effective tax rate on a newly purchased, median-valued home was 1.3 percent in 2021, with wide variation across cities. Three cities had effective tax rates that were at least double the national average, and eight had rates that were less than half the average.
The study also finds significant variation in effective tax rates for commercial property such as office buildings. In 2021, the average tax rate on a $1 million building was 1.9 percent in the largest city in each state. Detroit and Chicago had the highest rates, at more than double the national average, and Cheyenne, Wyoming, and Seattle had the lowest rates, at less than half the national average.
The report is available for download on the Lincoln Institute website: https://www.lincolninst.edu/publications/other/50-state-property-tax-comparison-study-2021
The Lincoln Institute of Land Policy seeks to improve quality of life through the effective use, taxation, and stewardship of land. A nonprofit private operating foundation whose origins date to 1946, the Lincoln Institute researches and recommends creative approaches to land as a solution to economic, social, and environmental challenges. Through education, training, publications, and events, we integrate theory and practice to inform public policy decisions worldwide.
The Minnesota Center for Fiscal Excellence was founded in 1926 to promote sound tax policy, efficient spending, and accountable government. As a non-profit, non-partisan group supported by membership dues, the center pursues its mission by educating and informing Minnesotans about sound fiscal policy; providing state and local policy makers with objective, non-partisan research about the impacts of tax and spending policies; and advocating for the adoption of policies reflecting principles of fiscal excellence.
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SOURCE Lincoln Institute of Land Policy | https://www.wibw.com/prnewswire/2022/07/13/report-with-rising-home-values-property-tax-breaks-shift-burden-new-home-buyers/ | 2022-07-13T18:43:02Z |
NEW YORK, June 17, 2022 /PRNewswire/ -- Jakubowitz Law announces that a securities fraud class action lawsuit has commenced on behalf of shareholders of Pegasystems Inc. (NASDAQ: PEGA).
To receive updates on the lawsuit, fill out the form:
https://claimyourloss.com/securities/pegasystems-inc-loss-submission-form/?id=28686&from=4
This lawsuit is on behalf of all persons and entities that purchased PEGA common stock between May 29, 2020 and May 9, 2022, inclusive.
Shareholders interested in acting as a lead plaintiff representing the class of wronged shareholders have until July 18, 2022 to petition the court. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.
According to a filed complaint, Pegasystems Inc. issued materially false and/or misleading statements and/or failed to disclose that: (1) PEGA had engaged in corporate espionage and misappropriation of trade secrets to better compete against Appian, a principal competitor; (2) defendants' product development and associated success was, in significant part, not the result of its own research and product testing but rather the result of such corporate espionage and trade secret theft; (3) defendants had engaged in a scheme to steal Appian trade secrets, which was not only known to, but carried out through, the personal involvement of the Company's CEO; (4) the Company's CEO and other officers and employees did not comply with the Company's written Code of Conduct, including its express prohibition on "stealing" confidential information from a competitor and "misrepresenting your identity in hopes of obtaining confidential information"; (5) the Company was "unable to reasonably estimate damages" in the lawsuit filed by Appian as a result of the foregoing misconduct (the "Appian Litigation"); and (6) as a result of the foregoing, defendants' statements about PEGA's business, operations, prospects, legal compliance, and potential damages exposure in the Appian Litigation were materially false and/or misleading and/or lacked a reasonable basis when made.
Jakubowitz Law is vigorous in pursuit of justice for shareholders who have been the victim of securities fraud. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT:
JAKUBOWITZ LAW
1140 Avenue of the Americas
9th Floor
New York, New York 10036
T: (212) 867-4490
F: (212) 537-5887
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SOURCE Jakubowitz Law | https://www.mysuncoast.com/prnewswire/2022/06/17/pega-shareholder-alert-jakubowitz-law-reminds-pega-shareholders-lead-plaintiff-deadline-july-18-2022/ | 2022-06-17T11:35:39Z |
Shorter work weeks aimed at boosting worker productivity and happiness are catching on in parts of the world like Iceland and the United Kingdom.
But in crisis-hit Sri Lanka the concept is more about coping with crippling food and fuel shortages.
The South Asian country, struggling with the shortages amid its worst economic crisis in decades, announced on Tuesday that public sector workers will be given Fridays off for the next three months, without a cut in pay, to allow them time to grow their own crops.
"It seems appropriate to grant government officials leave of one working day ... to engage in agricultural activities in their backyards or elsewhere as a solution to the food shortage that is expected," the Department of Government Information said on Tuesday.
It said the shorter week will also benefit workers affected by power cuts and transport disruptions caused by the food and gas shortages.
There are thought to be up to 1 million public sector workers in the country. However, the four-day week will not apply to "essential services" staff working in hospitals and ports or those in the power and water sectors.
The government, which is in talks with the International Monetary Fund (IMF) for a bailout package this month, is also keen to encourage people to take jobs abroad so that they can send money back.
It said public sector workers will be granted leave without pay of up to five years "without prejudice" if they decide to take up employment overseas.
Chaos and uncertainty
The island nation with a population of 22 million is in the midst of its worst financial and political crisis in decades. Public anger boiled over in April, when protests turned violent and threw the government into disarray. Several government officials, including the prime minister, have stepped down.
For many Sri Lankans, daily life has become an endless cycle of chaos and uncertainty since the crisis began.
Snaking queues for basic supplies like food and gas form across the country on a daily basis, and many shops have been forced to close because they can't run fridges, air conditioners or fans.
Soldiers are often stationed at gas stations to calm frustrated customers who line up for hours in searing heat to fill their tanks. Some customers have even reportedly died while waiting.
Government critics have questioned how much difference the four-day week will make, saying that while state sector employees typically live far from Colombo most use public transport for their commute.
They also say most are relatively poor and do not own their land, so are unlikely to cultivate their own food.
The-CNN-Wire
™ & © 2022 Cable News Network, Inc., a WarnerMedia Company. All rights reserved. | https://www.albanyherald.com/news/this-country-wants-a-four-day-work-week-but-its-not-about-making-workers-happy/article_246bfb4c-10b5-54c3-be00-0d97025b4f26.html | 2022-06-15T10:57:00Z |
Updated name reflects long-standing sub-advisor relationship with Ares
CINCINNATI, April 25, 2022 /PRNewswire/ -- Touchstone Investments, a Distinctively Active mutual fund company, announced today that the Touchstone Credit Opportunities Fund is now the Touchstone Ares Credit Opportunities Fund (the "Fund"). The updated name reflects the long-standing, successful sub-advisor relationship of the Touchstone Fund with Ares Management Corporation (NYSE: ARES) ("Ares")1, a leading global alternative investment manager with offices in the North America, Europe, Asia Pacific and the Middle East.
The Fund seeks to provide current income and capital appreciation by opportunistically investing across multiple credit asset classes with flexibility aimed at capitalizing on market inefficiencies and relative value opportunities. Portfolio risks, including credit risk and interest rate risk, are actively managed. The investment strategies and current investment process of the Fund are unchanged.
"Ares is a leading, global alternative asset manager and we wanted to bring it to the forefront via the name of the Fund," said Blake Moore, president and chief executive officer of Touchstone Investments. "As market conditions continue to evolve, especially in this interest rate environment, it is important to consider an active manager such as Ares. Its dedicated investment team, deep fundamental credit research, integrated operating platform and broad perspective of relative value have helped produce a track record of strong risk-adjusted returns through varying market conditions."
Touchstone incorporates a sub-advisor model that offers investors access to institutional asset managers whose strategies are typically not available to the average investor. The Fund seeks to generate absolute returns by investing primarily in global debt instruments, identifying opportunities believed to offer attractive relative value when compared to their fundamental credit risk. Ares incorporates a flexible investment strategy with the ability to allocate between high yield bonds, syndicated loans, CLO securities and liquid special situations.
"We look forward to continuing our long-standing relationship with Touchstone and to delivering upon our objective of providing our Fund investors access to institutional quality investment opportunities," said Kapil Singh, partner and portfolio manager of U.S. Liquid Credit at Ares. "We plan to continue leveraging the global Ares platform, including our leading credit investment experience and integrated and collaborative approach, to support our investors' long-term financial objectives."
The Touchstone Ares Credit Opportunities Fund's tickers—TMARX for Class A Shares, TMACX for Class C Shares, TMAYX for Class Y Shares, and TARBX for INST Shares — will remain the same.
In addition to the updated name, beginning April 2022 the Fund will declare and pay dividends on a monthly, rather than quarterly, basis2.
Learn more at Touchstone Ares Credit Opportunities Fund.
1. Ares Management Corporation is the parent company of the Fund's sub-advisor, Ares Capital Management II LLC.
2.There is no guarantee dividends will be paid.
About Touchstone Investments
Touchstone's commitment to being Distinctively Active has purposeful intent. Recognizing that not all mutual fund companies are created equal, we actively apply an integrated and rigorous approach for identifying and partnering with highly-skilled asset managers who act in a sub-advisory capacity. Their expertise, disciplined investment processes and employment of active management provide the differentiation required for robust portfolio construction. Touchstone offers a full breadth of investment options across styles and asset classes, including U.S. equity, international/global equity, income and multi-asset funds. The Touchstone Funds are advised by Touchstone Advisors, Inc., a registered investment adviser, and are distributed nationally through intermediaries including broker-dealers, registered investment advisers, institutions and others by Touchstone Securities, Inc., a registered broker-dealer and member FINRA/SIPC. Touchstone, Touchstone Funds and Touchstone Investments are federal service mark registrations and applications owned by IFS Financial Services, Inc. Touchstone Securities, Inc., Touchstone Advisors, Inc., and IFS Financial Services, Inc., are members of Western & Southern Financial Group. For more information, please visit TouchstoneInvestments.com.
About Ares Management Corporation
Ares Management Corporation (NYSE: ARES) is a leading global alternative investment manager offering clients complementary primary and secondary investment solutions across the credit, private equity, real estate and infrastructure asset classes. We seek to provide flexible capital to support businesses and create value for our stakeholders and within our communities. By collaborating across our investment groups, we aim to generate consistent and attractive investment returns throughout market cycles. As of December 31, 2021, Ares Management Corporation's global platform had approximately 2,100 employees operating across North America, Europe, Asia Pacific and the Middle East and approximately $314 billion of assets under management, including Ares Management's acquisition of AMP Capital's Infrastructure Debt platform which closed February 10, 2022. For more information, please visit www.aresmgmt.com.
Contacts:
Touchstone Investments
Sharon Karp 513.362.8026
sharon.karp@touchstonefunds.com
Ares Management
Carl Drake, 888.818.5298
or
Jacob Silber, 212.301.0376
media@aresmgmt.com
Investment return and principal value of an investment in a Fund will fluctuate so that investor's shares, when redeemed, may be worth more or less than their original cost.
Please consider the investment objectives, risks, charges and expenses of the Fund carefully before investing. The prospectus and the summary prospectus contain this and other information about the Fund. To obtain a prospectus or a summary prospectus, contact your financial professional or download and/or request one at TouchstoneInvestments.com/resources or call Touchstone at 800.638.8194. Please read the prospectus and/or summary prospectus carefully before investing.
Touchstone Funds are distributed by Touchstone Securities, Inc.*
*A registered broker-dealer and member FINRA/SIPC
Not FDIC Insured | No Bank Guarantee | May Lose Value
View original content:
SOURCE Western & Southern Financial Group | https://www.mysuncoast.com/prnewswire/2022/04/25/touchstone-credit-opportunities-fund-now-touchstone-ares-credit-opportunities-fund/ | 2022-04-25T13:36:36Z |
Australia replaces Russia to host swimming’s 25-meter worlds
LAUSANNE, Switzerland (AP) — Australia has replaced Russia as host of swimming’s short-course world championships in December. Swimming’s governing body FINA says Melbourne will host the 25-meter pool events from Dec. 13-18. FINA stripped Kazan as host in March because of Russia’s war on Ukraine. Athletes and officials from Russia and its military ally Belarus have been banned from the aquatics world championships starting June 17 in Budapest, Hungary. | https://localnews8.com/news/2022/05/20/australia-replaces-russia-to-host-swimmings-25-meter-worlds/ | 2022-05-20T10:16:12Z |
EXPLAINER: Social media and the Texas shooter’s messages
By BARBARA ORTUTAY and MATT O’BRIEN
AP Technology Writers
Could Facebook have known about ominous direct-message threats made by a gunman who Texas authorities say massacred 19 children and two teachers at an elementary school? Could it have warned the authorities? Texas Gov. Greg Abbott revealed the online messages sent minutes before the Wednesday attack. Facebook then said the one-to-one private messages weren’t discovered until “after the terrible tragedy.” The latest mass shootings in the U.S. by gunmen who were active on social media are likely to bring more pressure on tech companies to heighten their scrutiny – even as they also pushed by conservative politicians, Abbott among them — to relax their restrictions on some speech. | https://localnews8.com/news/ap-national/2022/05/25/explainer-social-media-and-the-texas-shooters-messages-2/ | 2022-05-26T03:11:11Z |
Lawrence man hospitalized in Wichita after crash causes serious injuries
WICHITA, Kan. (WIBW) - A Lawrence man was rushed to a Wichita hospital yesterday after suffering a possible medical condition causing his vehicle to crash on Tuesday evening.
The Kansas Highway Patrol Crash Log indicates that around 5:10 p.m. on Tuesday, Aug. 9, crews were called to the area of northbound I-235 in Wichita after Calvin McLingberg, 28, of Lawrence, was headed south on the ramp from I-135 to I-235 northbound.
While on the ramp, KHP said McLingberg suffered a possible medical condition causing his 2012 Toyota Sienna to drive off the road and into the guardrail. The vehicle continued through the rail and stopped in the median.
McLingberg was rushed to St. Francis Hospital in Wichita with suspected serious injuries.
Copyright 2022 WIBW. All rights reserved. | https://www.wibw.com/2022/08/10/lawrence-man-hospitalized-wichita-after-crash-causes-serious-injuries/ | 2022-08-10T11:34:09Z |
STAMFORD, Conn., July 21, 2022 /PRNewswire/ -- Webster Financial Corporation (NYSE: WBS), the holding company for Webster Bank, N.A. and its HSA Bank division, today announced net income available to common shareholders of $178.1 million, or $1.00 per diluted share, for the quarter ended June 30, 2022, compared to $92.1 million, or $1.01 per diluted share, for the quarter ended June 30, 2021.
Second quarter 2022 results include $66.5 million pre-tax, ($50.5 million after tax), or $0.29 per diluted share, of merger-related expenses. Excluding these expenses, earnings per diluted share would have been $1.29 for the quarter ended June 30, 2022. Reported results prior to the first quarter of 2022 reflect legacy Webster Financial results only.
"Our second quarter performance is a great reflection of the strength of Webster," said John R. Ciulla, President and Chief Executive Officer. "We achieved strong and diverse loan growth, the quality of our core deposit franchise was evident in this rising rate environment, and we maintained our strong capital position, providing flexibility as we operate through a changing macro environment."
Highlights for the second quarter of 2022:
- Revenue of $607.6 million.
- Period end loan and lease balance of $45.6 billion; 80 percent commercial loans and leases, 20 percent consumer loans, and a loan to deposit ratio of 86 percent.
- Period end deposit balance of $53.1 billion.
- Provision for credit losses totaled $12.2 million.
- Charges related to the merger and strategic initiatives totaled $66.5 million.
- Return on average assets of 1.10 percent; adjusted 1.41 percent (non-GAAP).
- Return on average tangible common equity of 14.50 percent; adjusted 18.45 percent (non-GAAP).
- Net interest margin of 3.28 percent includes net accretion of 0.19 percent.
- Common equity tier 1 ratio of 11.04 percent.
- Efficiency ratio (non-GAAP) of 45.25 percent.
- Tangible common equity ratio of 7.68 percent.
- Repurchased $100 million in shares under Webster's share repurchase program.
"Our financial performance illustrates both merger synergies and the organic growth we anticipate our company will produce," said Glenn MacInnes, Executive Vice President and Chief Financial Officer. "On an adjusted basis, we generated a return on assets of 1.41 percent and return on tangible common equity of 18.5 percent. Earnings improvement was broad, with interest income, fees and expenses all trending positively."
Increases in the balance sheet and income statement, when compared to a year ago, are largely attributable to the merger with Sterling Bancorp on January 31, 2022.
Line of Business performance compared to the second quarter of 2021
Commercial Banking
Webster's Commercial Banking segment serves businesses that have more than $2 million of revenue through our business banking, middle market, asset-based lending, equipment finance, commercial real estate, sponsor finance, and treasury services business units. Additionally, our Wealth group provides wealth management solutions to business owners, operators, and consumers within our targeted markets and retail footprint. As of June 30, 2022, Commercial Banking had $36.6 billion in loans and leases and $20.5 billion in deposit balances.
Pre-tax, pre-provision net revenue increased $167.4 million to $280.1 million in the quarter as compared to prior year. The increase in balances and income was largely attributable to the merger. Net interest income increased $192.8 million to $333.4 million, with $177.1 million driven by the merger, and $15.7 million due to loan and deposit growth in the legacy Webster portfolios. Non-interest income increased $31.1 million to $49.4 million, with $27.6 million driven by the merger, and $3.5 million primarily driven by increased client hedging activity and growth in loan related fees. Non-interest expense increased $56.4 million to $102.7 million, with $50.6 million due to the merger, and $5.8 million primarily to support loan and deposit growth in the legacy Webster portfolios.
HSA Bank
Webster's HSA Bank division offers a comprehensive consumer-directed healthcare solution that includes health savings accounts, health reimbursement arrangements, flexible spending accounts and commuter benefits. Health savings accounts are distributed nationwide directly to employers and individual consumers, as well as through national and regional insurance carriers, benefit consultants and financial advisors. As of June 30, 2022, HSA Bank had $11.1 billion in total footings comprising $7.8 billion in deposit balances and $3.3 billion in assets under administration through linked investment accounts.
Pre-tax net revenue increased $2.2 million to $38.6 million in the quarter as compared to prior year. Net interest income increased $7.4 million to $49.6 million, primarily due to an increase in net deposit spread and growth in deposits. Non-interest income was flat at $26.6 million. Non-interest expense increased $5.1 million to $37.5 million, primarily due to incremental expenses from Bend's acquired business and higher temporary help, consulting, and travel expenses.
Consumer Banking
Consumer Banking serves consumer and business banking customers primarily throughout southern New England and the New York Metro and Suburban markets. Consumer Banking is comprised of the Consumer Lending and Small Business Banking (businesses that have less than $2 million of revenue) business units, as well as a distribution network consisting of 202 banking centers and 359 ATMs, a customer care center, and a full range of web and mobile-based banking services. Additionally, our Webster Investment Services group provides investment services to consumers and small business owners within our targeted markets and retail footprint. As of June 30, 2022, Consumer Banking had $9.0 billion in loans and $23.8 billion in deposit balances, as well as $7.5 billion in assets under administration.
Pre-tax, pre-provision net revenue increased $59.5 million to $102.5 million in the quarter as compared to prior year. The increase in balances and income was largely attributable to the merger. Net interest income increased $86.0 million to $179.1 million, with $72.1 million driven by the merger, and $13.9 million driven by deposit and loan growth coupled with lower interest paid on deposits. Non-interest income increased $6.7 million to $30.8 million, with $6.4 million driven by the merger and $2.0 million from higher deposit and loan service fees, partially offset by $1.7 million in lower mortgage banking and investment services income. Non-interest expense increased $33.2 million to $107.3 million, primarily driven by the incremental expenses from the merger.
Consolidated financial performance:
Quarterly net interest income compared to the second quarter of 2021:
- Net interest income was $486.7 million compared to $220.9 million.
- Net interest margin was 3.28 percent compared to 2.82 percent. The yield on interest-earning assets increased by 51 basis points, and the cost of interest-bearing liabilities increased by 5 basis points.
- Average interest-earning assets totaled $60.1 billion and increased by $28.5 billion, or 90.0 percent.
- Average loans and leases totaled $44.1 billion and grew by $22.7 billion, or 106.0 percent.
- Average deposits totaled $53.4 billion and grew by $24.7 billion, or 86.0 percent.
Quarterly provision for credit losses:
- The provision for credit losses reflects a $12.2 million expense in the quarter, contributing to a $2.1 million increase in the allowance for credit losses on loans and leases. The provision for credit losses reflected an expense of $188.8 million in the prior quarter, which included $175.1 million associated with day one accounting provision required for loans and leases acquired during the quarter from the Sterling merger, compared to a benefit of $21.5 million a year ago.
- Net charge-offs (recoveries) were $9.6 million, compared to $8.9 million in the prior quarter and $(1.2) million a year ago. The ratio of net charge-offs (recoveries) to average loans and leases on an annualized basis was 0.09 percent, compared to 0.10 percent in the prior quarter and (0.02) percent a year ago.
- The allowance for credit losses on loans and leases represented 1.25 percent of total loans and leases at June 30, 2022, compared to 1.31 percent at March 31, 2022 and 1.43 percent at June 30, 2021. The allowance represented 231 percent of nonperforming loans and leases at June 30, 2022 compared to 229 percent at March 31, 2022 and 255 percent at June 30, 2021.
Quarterly non-interest income compared to the second quarter of 2021:
- Total non-interest income was $120.9 million compared to $72.7 million, an increase of $48.2 million. The increase primarily reflects the impact of the merger with Sterling, along with higher deposit and loan related fees as a result of higher transactional activity.
Quarterly non-interest expense compared to the second quarter of 2021:
- Total non-interest expense was $358.2 million compared to $187.0 million, an increase of $171.2 million. Total non-interest expense includes a net $66.5 million of merger and strategic initiative charges compared to $18.2 million a year ago. Excluding those charges, total non-interest expense increased $122.9 million which primarily reflects the impact of the merger with Sterling.
Quarterly income taxes compared to the second quarter of 2021:
- Income tax expense was $54.8 million compared to $34.0 million, and the effective tax rate was 23.1 percent compared to 26.6 percent. The higher effective tax rate in the period a year ago reflects the effects of merger related expenses recognized during the period that were estimated to be largely nondeductible for tax purposes.
Investment securities:
- Total investment securities, net were $15.2 billion, compared to $15.1 billion at March 31, 2022 and $8.9 billion at June 30, 2021. The carrying value of the available-for-sale portfolio included $609.8 million of net unrealized losses, compared to net unrealized losses of $328.4 million at March 31, 2022 and net unrealized gains of $49.3 million at June 30, 2021. The carrying value of the held-to-maturity portfolio does not reflect $539.4 million of net unrealized losses, compared to net unrealized losses of $270.8 million at March 31, 2022 and net unrealized gains of $170.5 million at June 30, 2021.
Loans and Leases:
- Total loans and leases were $45.6 billion, compared to $43.5 billion at March 31, 2022 and $21.5 billion at June 30, 2021. Compared to March 31, 2022, commercial loans and leases increased by $1.1 billion, commercial real estate loans and leases increased by $0.6 billion, residential mortgages increased by $0.4 billion, and consumer loans decreased by $6.5 million.
- Compared to a year ago, commercial loans and leases increased by $10.1 billion, commercial real estate loans and leases increased by $11.7 billion, and residential mortgages increased by $2.4 billion, while consumer loans decreased by $29.6 million.
- Loan originations for the portfolio were $5.0 billion, compared to $2.6 billion in the prior quarter and $2.3 billion a year ago. In addition, $5.0 million of residential loans were originated for sale in the quarter, compared to $23.1 million in the prior quarter and $54.6 million a year ago.
Asset quality:
- Total nonperforming loans and leases were $247.5 million, or 0.54 percent of total loans and leases, compared to $248.1 million, or 0.57 percent of total loans and leases, at March 31, 2022 and $120.7 million, or 0.56 percent of total loans and leases, at June 30, 2021. As of June 30, 2022, $90.3 million of nonperforming loans and leases were contractually current.
- Past due loans and leases were $51.7 million, compared to $71.5 million at March 31, 2022 and $18.4 million at June 30, 2021.
Deposits and borrowings:
- Total deposits were $53.1 billion, compared to $54.4 billion at March 31, 2022 and $28.8 billion at June 30, 2021. Core deposits to total deposits were 95.2 percent, compared to 94.8 percent at March 31, 2022 and 93.0 percent at June 30, 2021. The loan to deposit ratio was 86.0 percent, compared to 80.1 percent at March 31, 2022 and 74.4 percent at June 30, 2021.
- Total borrowings were $5.3 billion, compared to $1.6 billion at March 31, 2022 and $1.2 billion at June 30, 2021.
Capital:
- The return on average common shareholders' equity and the return on average tangible common shareholders' equity were 9.09 percent and 14.50 percent, respectively, compared to 11.63 percent and 14.26 percent, respectively, in the second quarter of 2021.
- The tangible equity and tangible common equity ratios were 8.12 percent and 7.68 percent, respectively, compared to 8.35 percent and 7.91 percent, respectively, at June 30, 2021. The common equity tier 1 risk-based capital ratio was 11.04 percent, compared to 11.66 percent at June 30, 2021.
- Book value and tangible book value per common share were $43.82 and $28.31, respectively, compared to $35.15 and $28.99, respectively, at June 30, 2021.
- Repurchased $100 million in shares under Webster's share repurchase program.
Webster Financial Corporation (NYSE:WBS) is the holding company for Webster Bank, N.A. and its HSA Bank Division. Webster is a leading commercial bank in the Northeast that provides a wide range of digital and traditional financial solutions across three differentiated lines of business: Commercial Banking, Consumer Banking and its HSA Bank division, one of the country's largest providers of employee benefits solutions. Headquartered in Stamford, CT, Webster is a values-driven organization with $68 billion in assets. Its core footprint spans the northeastern U.S. from New York to Massachusetts, with certain businesses operating in extended geographies. Webster Bank is a member of the FDIC and an equal housing lender. For more information about Webster, including past press releases and the latest annual report, visit the Webster website at www.websterbank.com.
Conference Call
A conference call covering Webster's second quarter 2022 earnings announcement will be held today, Thursday, July 21, 2022 at 9:00 a.m. Eastern Time. To listen to the live call, please dial 888-330-2446, or 240-789-2732 for international callers. The passcode is 8607257. The webcast, along with related slides, will be available via Webster's Investor Relations website at investors.websterbank.com. A replay of the conference call will be available for one week via the website listed above, beginning at approximately 12:00 noon (Eastern) on July 21, 2022. To access the replay, dial 800-770-2030, or 647-362-9199 for international callers. The replay conference ID number is 8607257.
Media Contact
Alice Ferreira, 203-578-2610
acferreira@websterbank.com
Investor Contact
Emlen Harmon, 212-309-7646
eharmon@websterbank.com
Forward-Looking Statements
This release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 (the "Act"). Forward-looking statements can be identified by words such as "believes," "anticipates," "expects," "intends," "targeted," "continue," "remain," "will," "should," "may," "plans," "estimates," and similar references to future periods; however, such words are not the exclusive means of identifying such statements. Examples of forward-looking statements include, but are not limited to: (i) projections of revenues, expenses, income or loss, earnings or loss per share, and other financial items; (ii) statements of plans, objectives, and expectations of Webster or its management or Board of Directors; (iii) statements of future economic performance; and (iv) statements of assumptions underlying such statements. Forward-looking statements are based on Webster's current expectations and assumptions regarding its business, the economy, and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks, and changes in circumstances that are difficult to predict. Webster's actual results may differ materially from those contemplated by the forward-looking statements, which are neither statements of historical fact nor guarantees or assurances of future performance. Factors that could cause actual results to differ from those discussed in the forward-looking statements include, but are not limited to: (1) our ability to successfully integrate the operations of Webster and Sterling Bancorp and realize the anticipated benefits of the merger; (2) our ability to successfully execute our business plan and strategic initiatives, and manage any risks or uncertainties; (3) our ability to successfully achieve the anticipated cost reductions and operating efficiencies from planned strategic initiatives, including process automation, organization simplification, and spending reductions, and avoid any higher than anticipated costs or delays in the ongoing implementation; (4) local, regional, national, and international economic conditions and the impact they may have on us and our customers; (5) volatility and disruption in national and international financial markets, including as a result of geopolitical conflict such as the war between Russia and Ukraine; (6) the potential adverse effects of the ongoing novel coronavirus (COVID-19) pandemic, or other unusual and infrequently occurring events, and any governmental or societal responses thereto; (7) changes in laws and regulations, including those concerning banking, taxes, dividends, securities, insurance, and healthcare, with which we and our subsidiaries must comply; (8) adverse conditions in the securities markets that lead to impairment in the value of our investment securities and goodwill; (9) inflation, changes in interest rates, and monetary fluctuations; (10) the replacement of and transition from the London Interbank Offered Rate (LIBOR) to the Secured Overnight Financing Rate (SOFR) as the primary interest rate benchmark; (11) the timely development and acceptance of new products and services and the perceived value of those products and services by customers; (12) changes in deposit flows, consumer spending, borrowings, and savings habits; (13) our ability to implement new technologies and maintain secure and reliable technology systems; (14) the effects of any cyber threats, attacks or events or fraudulent activity; (15) performance by our counterparties and vendors; (16) our ability to increase market share and control expenses; (17) changes in the competitive environment among banks, financial holding companies, and other financial services providers; (18) changes in the level of non-performing assets and charge-offs; (19) changes in estimates of future reserve requirements based upon the periodic review thereof under relevant regulatory and accounting requirements; (20) the effect of changes in accounting policies and practices applicable to us, including the impact of recently adopted accounting guidance; (21) legal and regulatory developments including the resolution of legal proceedings or regulatory or other governmental inquiries and the results of regulatory examinations or reviews; (22) our ability to appropriately address social, environmental, and sustainability concerns that may arise from our business activities; and (23) the other factors that are described in the Company's Annual Report on Form 10-K and Quarterly Reports on Form 10-Q under the headings "Risk Factors" and "Management Discussion and Analysis of Financial Condition and Results of Operations." Any forward-looking statement made by the Company in this release speaks only as of the date on which it is made. Factors or events that could cause the Company's actual results to differ may emerge from time to time, and it is not possible for the Company to predict all of them. The Company undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future developments or otherwise, except as may be required by law.
Non-GAAP Financial Measures
In addition to results presented in accordance with GAAP, this press release contains certain non-GAAP financial measures. A reconciliation of net income, ROATCE, and other performance ratios, in each case as adjusted, is included in the accompanying selected financial highlights table.
We believe that providing certain non-GAAP financial measures provides investors with information useful in understanding our financial performance, our performance trends and financial position. We utilize these measures for internal planning and forecasting purposes. We, as well as securities analysts, investors, and other interested parties, also use these measures to compare peer company operating performance. We believe that our presentation and discussion, together with the accompanying reconciliations, provides a complete understanding of factors and trends affecting our business and allows investors to view performance in a manner similar to management. These non-GAAP measures should not be considered a substitute for GAAP basis measures and results, and we strongly encourage investors to review our consolidated financial statements in their entirety and not to rely on any single financial measure. Because non-GAAP financial measures are not standardized, it may not be possible to compare these financial measures with other companies' non-GAAP financial measures having the same or similar names.
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SOURCE Webster Financial Corporation | https://www.wibw.com/prnewswire/2022/07/21/webster-reports-second-quarter-2022-eps-100-adjusted-eps-129/ | 2022-07-21T13:01:31Z |
Leading Ready-to-Drink Cocktail Brand Introduces Jalapeño Lime & Pink Lemonade Infused Tequilas Crafted From 100% Blue Weber Agave
LAS VEGAS, Aug. 10, 2022 /PRNewswire/ -- Rancho La Gloria, the largest wine-based ready-to-drink alcoholic beverage brand, today announced its expansion into the spirits category with the launch of premium Infused Tequilas. Available in two refreshing flavors, Jalapeño Lime and Pink Lemonade, Rancho La Gloria Infused Tequila offers a distinctive and delicious drinking experience for tequila lovers across all borders.
Like all Rancho La Gloria products, the premium blanco tequilas are crafted from 100% Blue Weber Agave. It is then infused and bottled at 35% ABV, to deliver an exceptional spirit that celebrates culture, family and innovation. Pink Lemonade Infused Tequila features notes of lemon zest and sweet meyer lemon. The lemon notes are heightened by hints of ripe berry and lemon blossom and finished with layers of clean agave and bright citrus. Jalapeño Lime Infused Tequila packs a punch with flavors of freshly sliced jalapeño balanced by juicy key lime and zesty lime peel with notes of roasted agave and the perfect amount of heat.
Infused Tequilas join the brand's award-winning portfolio of agave-based bottled cocktails, with both flavors already touting their own accolades, earning top scores and medal wins from highly accredited industry competitions, including: Ultimate Spirit Challenge, Denver International Spirits Competition, New York International Spirits Competition and Chilled 100 Spirits Awards.
"At Patco Brands, we have a bold vision for the future of agave and with tequila continuing to dominate as a top 3 spirit in the category for U.S. drinkers, we saw an opportunity to innovate and expand our portfolio," said Joey Parris, CMO of Patco Brands. "Whether in a cocktail or sipped on its own, our infused tequilas offer consumers a fun approachable spirit that is authentically unique and we're thrilled to share this creation with the world."
Rancho La Gloria Infused Tequilas can now be found at retailers throughout the U.S. Rolling out in select markets for $29.99 per 750mL bottle, both flavors will initially be available in 12 states–AZ, CA, CT, IL, IN, MA, MO, MN, NE, NJ, NY, NV, TX– with additional distribution slated for CO, DE, FL, HI, KS, LA, PA, OK, RI, TN, WA, WI in 2022. For more information, visit RanchoLaGloria.com and follow along on Instagram @DrinkRancho.
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Launched in 2010, Rancho La Gloria offers an array of premium, agave-based alcoholic beverages, including infused tequilas, ranch water and canned, bottled and frozen cocktails. All Rancho La Gloria products are made with 100% Blue Weber Agave, real lime juice and premium ingredients, and adds a subtle twist to the classic recipe with natural flavors. Paying homage to the iconic margarita cocktail enjoyed around the world, Rancho La Gloria serves up a variety of twists on its classic original including modern takes on the Peach and Watermelon Margarita. A growing go-to and beloved favorite amongst tequila and margarita enthusiasts, as well as ready to drink fans, Rancho La Gloria is one of the top performing RTD brands in focus markets around the US. Website: www.rancholagloria.com | Instagram: @DrinkRancho
MPL Brands NV is a privately held import, distribution, marketing and sales company for innovative premium alcohol beverages. Dedicated to making award winning, ready-to-drink wine-based products, tequilas, hard seltzers and other ready-to-drink offerings, the MPL mission is innovation, quality and consistency. For more information, please visit rancholagloria.com
Media Contact
Kim Bizenov
rancholagloria@powerdigital.com
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SOURCE MPL Brands NV, Inc. | https://www.kxii.com/prnewswire/2022/08/10/rancho-la-gloria-expands-into-spirits-category-with-premium-infused-tequilas/ | 2022-08-10T14:57:51Z |
LAKE FOREST, Ill. (AP) — The contract standoff between the Chicago Bears and Roquan Smith continued Thursday with the star linebacker watching practice from the sideline and new coach Matt Eberflus saying he expects healthy players to participate on the field.
The Bears removed Smith from the physically unable to perform list on Wednesday, opening up the possibility of fines for missing practices, a day after he went public with a trade request. Eberflus declined to discuss what actions the team might take.
“I’m not gonna get into the details of what discipline is there,” he said. “But we will certainly work through that when the time comes.”
Eberflus did make one thing clear.
“We expect all of our healthy players to practice,” he said.
Smith, who does not have an agent, accused the Bears of using bad-faith tactics during negotiations for a contract extension in a statement to NFL.com on Tuesday. He said the front office led by new general manager Ryan Poles has made take-it-or-leave-it offers since talks began in April that would be “bad for myself, and for the entire LB market if I signed it.”
Smith, the No. 8 overall draft pick in 2018, is entering the fifth and final year of his rookie contract. He was a second-team All-Pro in 2020 and 2021.
Poles said this week he planned to continue to work toward an extension rather than a trade. He also insisted his feelings about Smith have not changed, that he still thinks highly of him.
But the Bears’ new regime has a challenge on its hands with one of the team’s best players in a stare-down with the organization.
“For me it’s about being respectful to everybody in the building,” Eberflus said. “Do I certainly know what Roquan’s going through? I don’t know. I’m not in his chair. I don’t know that. You never put yourself in another man’s shoes. His perspective may be something different. That’s where he is. I’m gonna be respectful of that.”
Eberflus told reporters in his opening statement they would have to ask Smith why he decided not to practice. He also said they’d have to ask Smith in response to questions about what he can accomplish by watching from the sideline and if he’ll participate without a new deal.
“I don’t have that understanding one way or the other. I don’t know. You’ll have to ask him,” Eberflus said.
The team has not made Smith available to the media since training camp opened because he is not practicing. Eberflus said he thought there was a possibility Smith would participate on Thursday.
“Like I said I expect all the healthy guys to practice,” he said.
The Bears hired Poles and Eberflus to replace the fired Ryan Pace and Matt Nagy after going 6-11 and missing the playoffs for the ninth time in 11 years. Eberflus and his staff plan to use Smith as a weakside linebacker in a 4-3 scheme.
The Bears’ first preseason game is against the Kansas City Chiefs at Soldier Field on Saturday. They open the season at home against San Francisco on Sept. 11.
But they’re missing one of their most important players as they try to implement a new scheme.
“To bridge any gap you’re going to need communication, right, so that’s the first step,” Eberflus said. “In any relationship you need communication so I would just say that.”
But are the lines open?
“That’s going to be with Ryan and Roquan to deal with,” Eberflus said.
NOTES: Eberflus said WR N’Keal Harry had ankle surgery and did not give a timetable for his return. He also said RB David Montgomery and TE Cole Kmet will miss Saturday’s game with undisclosed injuries.
___
More AP NFL: https://apnews.com/hub/nfl and https://twitter.com/AP_NFL | https://cw33.com/sports/ap-sports/contract-standoff-between-bears-star-lb-smith-continues/ | 2022-08-12T03:28:00Z |
BIRMINGHAM, Ala. (WIAT) — As a drone buzzed overhead Friday morning, a day after a fatal church shooting in Vestavia Hills, Alabama, law enforcement focused their attention on the home of a registered gun dealer.
The home in Vestavia Hills, located on Sicard Hollow Road, belongs to Robert F. Smith, who Jefferson County DA Danny Carr said has now been charged with capital murder.
Smith is accused of opening fire at a potluck in St. Stephen’s Episcopal Church, killing three. He is being held without bond, authorities said.
Smith’s home is registered with the Bureau of Alcohol, Tobacco, Firearms, as the primary address of Original Magazines, a business with a federal firearms license. The license is valid until 2025, according to ATF records.
Law enforcement officials had initially refused to name the suspected church shooter, instead identifying him only as a 71-year-old white man. The suspect had been held at the Vestavia Hills police department since the incident occurred.
At a press conference held Friday at Vestavia Hills Police Department, law enforcement officials identified two of the victims as Walter Rainey, 84, of Irondale, and Sarah Yeager, 75, of Pelham. An additional victim, an 84-year-old woman, was also shot and later died, although her family has asked that her name not be released publicly.
“This is something you never expect to happen in your community,” Kelley Hudlow with the Episcopal diocese said after the shooting. “This happens other places, and you don’t think it will happen here in the Birmingham area. So it is shocking. The one thing we know is that St. Stephen’s is a church community and is built on love and grace and prayer, and they are going to come together.” | https://cw33.com/news/nexstar-media-wire/prosecutor-identifies-alabama-church-shooting-suspect/ | 2022-06-18T04:54:49Z |
NEW YORK, June 16, 2022 /PRNewswire/ -- Levi & Korsinsky, LLP notifies investors in Lilium N.V. f/k/a Qell Acquisition Corp. ("Lilium N.V. f/k/a Qell Acquisition Corp." or the "Company") (NASDAQ: LILM) of a class action securities lawsuit.
CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of Lilium N.V. f/k/a Qell Acquisition Corp. investors who were adversely affected by alleged securities fraud between March 30, 2021 and March 14, 2022. Follow the link below to get more information and be contacted by a member of our team:
LILM investors may also contact Joseph E. Levi, Esq. via email at jlevi@levikorsinsky.com or by telephone at (212) 363-7500.
CASE DETAILS: The filed complaint alleges that defendants made false statements and/or concealed that: (1) Lilium materially overstates the design and capabilities of the Lilium Jet, an electric vertical take-off-and-landing aircraft for use in a new type of high-speed air transport system for people and goods; (2) Lilium materially overstates the likelihood for the Lilium Jet's timely certification; (3) Lilium misrepresents its ability to obtain or create the necessary batteries for the Lilium Jet; (4) the special purpose acquisition company merger would not and did not generate enough cash to commercially launch the Lilium Jet; (5) Qell Acquisition Corp. did not engage in proper due diligence regarding its merger with Lilium GmbH; and (6) as a result, Defendants' public statements and statements to journalists were materially false and/or misleading at all relevant times.
WHAT'S NEXT? If you suffered a loss in Lilium N.V. f/k/a Qell Acquisition Corp. during the relevant time frame, you have until June 17, 2022 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.
NO COST TO YOU: If you are a class member, you may be entitled to compensation without payment of any out-of-pocket costs or fees. There is no cost or obligation to participate.
WHY LEVI & KORSINSKY: Over the past 20 years, the team at Levi & Korsinsky has secured hundreds of millions of dollars for aggrieved shareholders and built a track record of winning high-stakes cases. Our firm has extensive expertise representing investors in complex securities litigation and a team of over 70 employees to serve our clients. For seven years in a row, Levi & Korsinsky has ranked in ISS Securities Class Action Services' Top 50 Report as one of the top securities litigation firms in the United States.
CONTACT:
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
Ed Korsinsky, Esq.
55 Broadway, 10th Floor
New York, NY 10006
jlevi@levikorsinsky.com
Tel: (212) 363-7500
Fax: (212) 363-7171
www.zlk.com
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SOURCE Levi & Korsinsky, LLP | https://www.mysuncoast.com/prnewswire/2022/06/16/lilm-lawsuit-alert-levi-amp-korsinsky-notifies-lilium-nv-fka-qell-acquisition-corp-investors-class-action-lawsuit-upcoming-deadline/ | 2022-06-16T11:06:12Z |
Which peel-and-stick backsplash is best?
A peel-and-stick backsplash is an inexpensive way to change your kitchen’s look while protecting your walls from spills and splatters. These easy-to-apply wall coverings come in hundreds of designs and colors, and most are easy to apply.
Generally speaking, peel-and-stick backsplashes are made of very thin tiles stuck together on a flexible sheet with adhesive backing. If you are looking for a timeless look, check out the Art3D Thickened Peel-and-Stick Subway Tile Backsplash.
What to know before you buy a peel-and-stick backsplash
The most important areas to protect from spills and splatters are the walls behind your kitchen sink and your range.
Types of backsplashes
- Peel-and-stick: Most adhesive tiles are made of thin, flexible sheets of vinyl that are easy to apply. Vinyl is inexpensive and easy to work with, but its thinness leaves it vulnerable to damage from tools, countertop appliances and general wear and tear. The thinner and more flexible the sheet, the harder it is to handle and apply.
- Stick-on: These are adhesive tiles, too, but with a stickier backing that stays permanently attached. The downside here is that they are hard to remove.
- Rolls: Like wallpaper, these peel-and-stick backsplashes come in standard widths and varying lengths. Make sure you choose the proper vertical or horizontal orientation.
- Slats and planks: Just like vinyl and wooden flooring, these backsplashes are several feet long and only a few inches wide.
What look do you want?
- Plastics: The least expensive peel-and-stick backsplashes are made of vinyl or polyurethane and resemble wallpaper.
- Wood: Reclaimed woods made in thin sheets that you peel and stick are great for farmhouse kitchens. You can choose from rustic looks including reclaimed barn wood, redwood, cedar and pickled and distressed woods. Just like real wood, wood look-alike backsplashes come in long planks.
- Brick and stone: These peel-and-stick backsplashes are made by layering adhesives, fiberglass and resin with a thin top layer of natural materials. Choose from marble, mixed river stone, fieldstone, slate and more.
- Metal: Backsplashes with the look of copper, chrome, bronze and stainless steel are great choices that give your kitchen a futuristic look.
- Ceramic: Ceramic-looking subway tiles are a popular New Retro look. Tiles that look like real glass are also colorful, some with mixed colors that look like real mosaic tiles.
- Glass: Adhesive-backed glass tiles are great looking, durable and easy to care for, but require the use of a special tool to trim the blocks to finish the edges at the top, bottom and sides.
- Mosaics: These are wallpaper-like sheets that are easy to apply and remove. They are among the most colorful of backsplash designs.
- 3D: Actual three-dimensional works of art can make your kitchen look stunning, but the irregular surfaces trap dust, dirt and grease and are hard to clean.
What to look for in a quality peel-and-stick backsplash
Potential trouble spots
- Sinks are the wettest area in your kitchen. Choose only waterproof backsplash tiles for the walls near your sink, where spills and splashes routinely occur when filling pots, rinsing produce and washing dishes and cookware.
- Stoves are the hottest spot in your kitchen and see their fair share of splashes, too. Make sure the peel-and-stick backsplashes you choose are made to handle heat, steam, moisture and humidity.
Thickness
Most peel-and-stick backsplashes are made of thin sheets of vinyl. The thinner and more flexible the sheet, the more difficult it is to handle and the more vulnerable it is to nicks and tears. Thicker, heavier materials are easier to peel, align and stick. They provide a more durable surface with a solid feel and last longer, too.
Other features
Look for backsplashes made of anti-mold and anti-bacterial materials to keep your kitchen ultra-clean. Also, look for tiles that are scratch-resistant and wipe down easily with a damp cloth.
How much you can expect to spend on a peel-and-stick backsplash
Most peel-and-stick backsplashes cost $3-$6 per square foot. Special backsplash tiles, ceramics, metals and planking cost a few dollars more.
Peel-and-stick backsplash FAQ
How do I figure out how much backsplash I need?
A. Calculate your square footage by multiplying the height of the area you wish to cover by the length. When you have areas with different heights, do the same calculations for each area, then add them together. Buying 10% more backsplash than you think you need is a good rule of thumb.
How can I get a professional look?
A. Most peel-and-stick backsplashes have a straight vertical edge that must be aligned exactly with the next row of tiles for a good fit that hides the seam. Better ones have staggered edges that interlock like the pieces of a jigsaw puzzle to avoid showing a seam.
Are all peel-and-stick backsplashes safe to use over the stove?
A. Only tiles labeled resistant to heat and humidity are safe to use over the stove.
What’s the best peel-and-stick backsplash to buy?
Top peel-and-stick backsplash
Art3D Thickened Peel-and-Stick Subway Tile Backsplash
What you need to know: Any kitchen can look retro and modern at the same time with classic subway tiles.
What you’ll love: You get 10 1-foot-square tiles per box, all resistant to heat, water and humidity. This upgraded version is 2-3 times thicker than ordinary peel-and-stick tile for a solid feel, greater durability and a longer life. The added thickness makes the tiles easier to handle and install, too. You can choose from six colors.
What you should consider: These interlocking tiles are made to overlap, so one box of tiles covers only about 8 square feet.
Where to buy: Sold by Amazon
Top peel-and-stick backsplash for the money
Abolos Copper Look Metal Mosaic Peel-and-Stick Backsplash
What you need to know: The shiny copper-colored hexagonal design adds a modern look to a futuristic kitchen,
What you’ll love: These peel-and-stick sheets are about 1 square foot each and are made from thin sheets of aluminum with a brushed copper finish. The tiles are fire- and flame-resistant, waterproof and will not rust. The adhesive backing is commercial-grade for long-lasting service and the edges are staggered for a neat, clean look.
What you should consider: Some customers say the color is not as bright as they had expected.
Where to buy: Sold by Amazon
Worth checking out
Weekend Walls Reclaimed Weathered Redwood Easy Peel-and-Stick Natural Wall Paneling
What you need to know: The top layer of natural redwood has the authentic look of wood weathered by sun, rain and snow.
What you’ll love: Start with a six-piece sample pack to see how they look and handle before fully committing to covering all your backsplash zones. The 5-inch-wide planks are durable, lightweight and easy to apply. You can also drill right through them without causing damage.
What you should consider: Weathered woods such as this vary widely in color and appearance.
Where to buy: Sold by Amazon
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Copyright 2022 BestReviews, a Nexstar company. All rights reserved. | https://cw33.com/reviews/br/tools-br/which-is-the-best-peel-and-stick-backsplash/ | 2022-06-16T16:00:30Z |
Cineworld theater chain confirms it’s considering bankruptcy
LONDON (AP) — Cineworld Group PLC, one of the world’s largest movie theater chains, said Monday that it is considering filing for Chapter 11 bankruptcy protection in the U.S. and similar actions elsewhere.
The British company, which owns Regal Cinemas in the United States and operates in 10 countries, said bankruptcy is one option it is weighing to help preserve a business that has struggled to rebound from the impact of COVID-19 restrictions.
Cineworld said it’s holding talks with major stakeholders such as lenders. It expects operations to run normally following any filing and “ultimately to continue its business over the longer term with no significant impact upon its employees.” It has about 28,000 workers, according to the company’s website.
Company shares tumbled 58% Friday after The Wall Street Journal reported that the company was preparing to file for bankruptcy within weeks.
Cineworld, which has 9,189 screens across 751 sites, said Monday that it’s open for business and is still evaluating its options to boost cash flow and potentially restructure.
In March, the company said COVID-19 closures in the first part of last year took a toll, reporting a $565.8 million loss after taxes and debt of $4.8 million. It also took a hit from terminating its 2020 takeover of Canadian movie theater company Cineplex Inc. A court in Ontario agreed with Cineplex that the British company breached its obligations and awarded 1.23 billion Canadian dollars ($947.5 million) in damages. Cineworld has appealed.
Despite the hurdles, Cineworld has said pent-up demand to see movies on the big screen helped its bottom line at the end of last year. It also expected blockbusters like “Top Gun: Maverick,” “Jurassic World: Dominion” and others to help it “continue to rebound strongly.”
Shares of AMC and Cinemark, two major theater chains based in the U.S., also fell before the opening bell in New York.
Copyright 2022 The Associated Press. All rights reserved. | https://www.wibw.com/2022/08/22/cineworld-theater-chain-confirms-its-considering-bankruptcy/ | 2022-08-22T11:33:35Z |
PETALING JAYA, Malaysia, April 12, 2022 /PRNewswire/ -- MY E.G. Services Berhad's ("MYEG") Zetrix blockchain has completed the foundational development for its Layer-1 blockchain functionalities and it will launch its mainnet on 15th April 2022. This marks the completion of phase 1 of Zetrix's journey towards being a leading platform for decentralized applications, where industrial use cases like supply chain traceability and financing co-exist with the metaverse.
Zetrix is the international extension of Xinghuo BIF, China's largest national-level blockchain network supported by all levels of the Chinese government and running both governmental and commercial applications. It is a collaboration between MYEG and Beijing-based Bubi Technologies which provides the backbone infrastructure and supernodes outside China that integrates with Xinghuo BIF. Zetrix's Layer-1 infrastructure will host applications, protocols and networks to be deployed on top of its proprietary smart contracts and Proof-of-Stake (PoS) consensus mechanisms across a network of validator nodes.
MYEG's recently launched NFT marketplace, NFT Pangolin, will be one of the first applications to be hosted on Zetrix and will introduce Zetrix-minted NFTs on the platform. NFT Pangolin is a global marketplace for creators to issue and sell their unique crypto-secured digital collectibles. Compared to the expensive costs associated with Ethereum, Zetrix will provide lower minting charges and gas fees to reduce the financial barriers to entry for participants which will encourage more artists, traditional and digital alike, to explore the potential of blockchain and a new platform as a means of showcasing and trading their work.
Mr. TS Wong, Group Managing Director of MYEG commented: "This can further educate existing customers and potential users on not only the application of NFTs beyond the creator scene, but also its potential real-world utilization and hopefully to initiate its use for ownership of real-world products. Our aspiration is to be the bridge to enable NFTs or digital collectibles to move freely between China and the rest of the world."
The Zetrix mainnet launch contributes significantly to MYEG's plans of digitalizing all forms of value transfer and asset ownership, and tokenization as well as for the metaverse ecosystem development. Upcoming projects on Zetrix include Zetrix decentralized finance (DeFi), Web 3.0 domain registry and support for DAO (Decentralised Autonomous Organisations).
More information on Zetrix, along with the Software Development Kit (SDK) for third-party developers, is available at zetrix.com.
About MY E.G. Services Bhd ("MYEG")
MYEG is Malaysia's premier digital services company. Having commenced operations in 2000 as the flagship e-government services provider, MYEG continues to play a leading role in driving technological change in Malaysia and elsewhere in the region, bringing a diverse and complete range of innovations spanning the online delivery of major government services to a variety of commercial offerings in the areas of immigration, automotive, healthcare and financial services, among others. Committed to staying firmly at the forefront of the region's digital revolution, MYEG has embraced the potential of blockchain technology to enhance all aspects of life and is actively pioneering its adoption across its main markets. Beyond Malaysia, MYEG has operations in other key regional markets such as the Philippines and Indonesia.
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SOURCE MY E.G. Services Berhad | https://www.mysuncoast.com/prnewswire/2022/04/12/myegs-zetrix-blockchain-launches-mainnet/ | 2022-04-12T11:38:33Z |
ST. PETERSBURG, Fla., Sept. 16, 2022 /PRNewswire/ -- JBM® Institutional Multifamily Advisors brokers the sale of The Point at Bella Grove – a Class A, 180-unit, mid-rise style, multifamily community. Built in 2017, the Property sits on a 9.55 acre +/- site. Comprised of six residential buildings, two of which are four-story, elevator-serviced, the Property features a range of one, two, and three-bedroom floorplans averaging 916 square feet.
JBM® Chairman & CEO, Jamie May, comments, "I'd like to congratulate both buyer and seller on another JBM® Class A transaction. The continued rent growth projections, migration patterns, location, and physical plant drove tremendous interest in this mid-rise asset despite inflationary measures and a challenging interest rate environment. We are seeing larger players chasing lower loan to value ratios in order to lock in historical rates compared to just a few years ago."
The Point at Bella Grove offers a first-class amenity package, including a resort-style swimming pool; brick paver sundeck; a vibrant resident clubhouse with lounge, business center, and coffee bar; outdoor summer kitchen with two gas grills, poolside pergolas, and fire pit; exterior lounge with gas fireplace and couches; a 24-hour, state-of-the-art fitness center overlooking the pool; dog park with pet wash station; valet trash; and garages and storage units for rent.
This Class A property features modern, open-concept floorplans with luxury faux wood plank flooring; chef-inspired kitchens with designer 42" espresso cabinetry with brushed nickel hardware, subway tile backsplash, granite countertops, kitchen island and breakfast bar, energy efficient, stainless-steel appliances with ice maker, under cabinet lighting, and a deep, single basin stainless-steel sink with brushed nickel, pulldown, gooseneck faucet; 9' ceilings; and walk-in closets.
Ranked #3 in the U.S. for annual effective rent growth, Sarasota has benefited tremendously from the influx of new residents to Florida. Ideally located right off University Parkway in Sarasota, the Property offers numerous locational benefits. The Point at Bella Grove is located near the Sarasota-Bradenton International Airport, the University Park Medical Campus, and to the region's predominate retail destination – University Town Center. According to Esri, within one-mile, average household income is over $94K and the average net worth is more than $1.1 million.
JBM® is the #1 ranked boutique brokerage firm in the U.S.A. Despite only transacting in Florida, JBM® was ranked the #12 multifamily broker by sales volume throughout the entire U.S.A. according to Green Street's mid-year 2022 rankings. Amongst brokers with multiple transactions, JBM® ranks #1 for Highest Average Sold Price across the country.
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SOURCE JBM Institutional Multifamily Advisors | https://www.kxii.com/prnewswire/2022/09/16/jbm-sells-point-bella-grove-apartments-sarasota-florida/ | 2022-09-16T16:51:52Z |
NEW YORK, July 9, 2022 /PRNewswire/ --
WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of Oscar Health, Inc. (NYSE: OSCR) pursuant and/or traceable to the registration statement and prospectus (collectively, the "Registration Statement") issued in connection with the Company's March 2021 initial public offering ("IPO" or the "Offering"), of the important July 11, 2022 lead plaintiff deadline.
SO WHAT: If you purchased Oscar securities pursuant and/or traceable to the Registration Statement you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.
WHAT TO DO NEXT: To join the Oscar class action, go to https://rosenlegal.com/submit-form/?case_id=6200 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than July 11, 2022. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.
WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources or any meaningful peer recognition. Many of these firms do not actually handle securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs' Bar. Many of the firm's attorneys have been recognized by Lawdragon and Super Lawyers.
DETAILS OF THE CASE: According to the lawsuit, the Registration Statement was materially false and misleading and omitted to state that: (1) Oscar was experiencing growing COVID-19 testing and treatment costs; (2) Oscar was experiencing growing net COVID-19 costs; (3) Oscar would be negatively impacted by an unfavorable prior year Risk Adjustment Data Validation (RADV) result relating to 2019 and 2020; (4) Oscar was on track to be negatively impacted by significant Special Enrollment Period (SEP) membership growth; and (5) as a result of the foregoing, defendants' positive statements about Oscar's business, operations, and prospects were materially misleading and/or lacked a reasonable basis. When the true details entered the market, the lawsuit claims that investors suffered damages.
To join the Oscar class action, go to https://rosenlegal.com/submit-form/?case_id=6200 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action.
No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor's ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.
Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.
Attorney Advertising. Prior results do not guarantee a similar outcome.
Contact Information:
Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, P.A.
275 Madison Avenue, 40th Floor
New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
lrosen@rosenlegal.com
pkim@rosenlegal.com
cases@rosenlegal.com
www.rosenlegal.com
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SOURCE Rosen Law Firm, P.A. | https://www.kxii.com/prnewswire/2022/07/09/oscr-final-deadline-july-11-rosen-top-ranked-global-counsel-encourages-oscar-health-inc-investors-with-losses-secure-counsel-before-important-july-11-deadline-securities-class-action-oscr/ | 2022-07-09T19:10:28Z |
Keith Carnes released from prison Monday morning
KANSAS CITY, Mo. (KCTV) - The attorney team for Keith Carnes said he has been released from the state penitentiary.
He had been imprisoned at the South Central Correctional Center in Licking, Missouri.
The Jackson County prosecutor’s office said in a statement Friday that there is insufficient evidence to prove that Keith Carnes fatally shot a rival drug dealer, 24-year-old Larry White, in 2003 in a Kansas City parking garage.
One issue was that a special master who reviewed the case found that Kansas City police did not give Carnes’ original defense team a report from a confidential informant that might have led to his exoneration.
Also, two witnesses who identified Carnes as the killer recanted their testimony in 2014, saying they had been pressured by police and Jackson County prosecutors.
Copyright 2022 KCTV. All rights reserved. | https://www.wibw.com/2022/04/11/keith-carnes-released-prison-monday-morning/ | 2022-04-11T20:06:38Z |
CHARLOTTE, N.C., June 14, 2022 /PRNewswire/ -- The Entrepreneurs' Organization of Charlotte (EO Charlotte) announced seven new graduates of its business accelerator program this month after each participant reached $1 million in business revenue.
The graduates included Jeni Bukolt of HAVEN Creative, Scott Gadd of ETA, Maggie Pozorski of Oh You're Lovely, Joshua Tarbutton of Bravo Team, David Goodson of American Electric Company, Juan Cruz of Jua Jua Cleaning and George Ramsey of Bold Music.
"A heartfelt congratulations to all of our graduates," said Bryan Delaney, Chairman of the EO Accelerator program. "It is incredibly rewarding to see these businesses take off as they navigate the high-pressure world of entrepreneurship. This program has been created by entrepreneurs for entrepreneurs, which gives participants a unique perspective from personal experience you don't see in other programs."
EO Accelerator is an innovative program that helps aspiring entrepreneurs develop their strategy, finance, people, sales, and marketing skills through a series of high-impact learning events and small group accountability sessions. Accelerator participants are paired with leading entrepreneurs to discover their best practices and engage in an experience sharing environment.
"I've been in the program for 4 years, so to finally graduate feels amazing. I am also extremely grateful for the EO community," Jeni Bukolt, graduate and CEO of HAVEN Creative, said. "I don't believe I would have been able to scale without the support of my EOA coaches and colleagues. Because of the extensive learning and accountability, my business revenue grew nearly 10x from the time I started the program."
Another recent graduate, George Ramsay, owns Bold Music and received the Core Value Award from EOA Charlotte.
"The Accelerator is THE best money I have ever spent on my personal development as a business leader. It offered a framework to build my confidence as an entrepreneur, and as a participant in the program I quickly became equipped with the skills needed to scale my business in a responsible and sustainable way," Ramsay said.
Each business that is able to participate in the accelerator program is better trained and equipped to grow their business and hire local talent throughout the Charlotte region.
"Thank you to EO Accelerator for its commitment to providing entrepreneurs with the knowledge, support, and mentoring to grow their business, and congratulations to these entrepreneurs for investing in yourselves and putting in the work," Janet LaBar, President and CEO of Charlotte Regional Business Alliance, said. "The Charlotte Region's economy succeeds when businesses at all levels are thriving. We look forward to supporting your growth and scale in our community."
The Entrepreneurs' Organization (EO) is a $124 billion global, non-profit peer-to-peer network of more than 14,000+ influential business owners with 167 chapters in 61 countries exclusively for entrepreneurs. The members are business professionals who are the owners, founders, co-founders or controlling shareholders of companies that have annual revenue of $1 million USD or more.
To learn more about EO Charlotte and the Accelerator Program, visit www.eocharlotte.org.
Follow us! EO Charlotte LinkedIn and EO Charlotte Accelerator LinkedIn
CONTACT: Ian Redman ian@havencreativeagency.com
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SOURCE EO Charlotte | https://www.wibw.com/prnewswire/2022/06/15/charlotte-entrepreneurs-graduate-eos-accelerator-program-after-reaching-1-million-revenue/ | 2022-06-16T00:24:40Z |
Florida county quarantining after discovering invasive snails
(CNN) - Florida officials are warning people about a potentially serious situation involving snails.
These are not your average snails. They are Giant African land snails, which can grow up to 8 inches long.
Their size is not the problem. They can carry a parasite that causes meningitis.
The Florida Department of Agriculture and Consumer Services issued a quarantine for the New Port Richey area of Pasco County in late June. That means people cannot move the snails or any plants or soil out of the area.
It will likely take three years to remove the whole snail population because they can lay up to 2,500 eggs a year.
The species is native to East Africa, but the snails likely found their way to Florida after being lost or released due to illegal pet trading.
Copyright 2022 CNN Newsource. All rights reserved. | https://www.kxii.com/2022/07/03/florida-county-quarantining-after-discovering-invasive-snails/ | 2022-07-03T15:20:10Z |
Alliance Launches with Hispanic Star Healthcare Heroes Scholarship Program for 50 Latinx Students at the Hofstra Northwell School of Nursing and Physician Assistant Studies
NEW YORK, May 12, 2022 /PRNewswire/ -- Northwell Health and We Are All Human's Hispanic Star, announced today an alliance of public, private and non-profit sectors to help advance diversity and inclusion in healthcare, contend with the shortage of nurses in America, and address the lack of opportunities for underrepresented communities, particularly Latinx in New York State.
The Alliance was announced at a Northwell Health reception on May 11 celebrating the inaugural 50 scholarship recipients funded with the support of Hispanic Star partners. These funds complement a $2.17 million Inclusion, Diversity, Equity, Access, Leadership and Success grant from the U.S. Department of Health and Human Services Health Resources and Services Administration (HRSA) to create a pipeline for a diverse nursing workforce that was awarded to the Hofstra Northwell School of Nursing and Physician Assistant Studies.
"We are excited by the opportunities we will unlock with this new collaboration with Hispanic Star," said Michael J. Dowling, president and CEO of Northwell Health. "Uniting the expertise of our two organizations will significantly improve our ability to serve the Hispanic community, as well as increase representation and inclusion of Hispanics within Northwell. The scholarships for nurses is an important first initiative, and we look forward to creating additional initiatives with Hispanic Star more broadly across Northwell Health."
These scholarships are the first program of the Hispanic Star Fund, which is a dedicated fund to help corporations implement their impact programs at the local, regional and national levels. The fund will be devoted to advancing the four priorities of the Latinx community: good health and wellbeing, quality and education, gender equality, as well as decent work and economic growth.
"I am really grateful to Northwell Health and our Hispanic Star partners. Together, we are building a program that tackles a very specific need of the community. Using our power to mobilize corporations to advance the priorities of Latinos, we look forward to the positive impact we can have in the healthcare space that will uplift the Hispanic community," stated Claudia Romo Edelman, Founder & CEO of We Are Human and its Hispanic Star platform.
"At Procter and Gamble, we believe that Hispanic Progress fuels America's Progress. That is why we are committed to using our voice to challenge stereotypes, and to support programs like the Hispanic Star Healthcare Heroes Scholarship that advance Hispanic Communities and help improve representation in critical sectors to our country's future," said Jeronimo Escudero, Senior Brand Director, NA OC, and corporate US Hispanic E&I.
"We are delighted to work with Hispanic Star to help support Latinx candidates who are eager to pursue and advance their nursing careers. While 20% of healthcare workers are Hispanic, only 3.6% of nurses are Hispanic. Since the inception of the nursing school, we have been committed to the holistic recruitment of a diverse faculty and student population that is representative of the communities we serve. This scholarship program abundantly delivers on that commitment," said Dr. Kathleen Gallo, founding Dean of the Hofstra School of Nursing and Physician Assistant Studies and Chief Learning Officer of Northwell Health.
About We Are All Human
The We Are All Human Foundation is a registered 501(c)3 non-profit devoted to equity, diversity and inclusion. Made up of an experienced group of marketers and sustainability activists with backgrounds from the United Nations, global affairs, media, and the corporate world, our team is committed to making change through collective action.
The Hispanic Star is a platform of the We Are All Human Foundation that works to unify Hispanics around progress. Leading companies, Hispanic organizations and community leaders join together under the Hispanic Star banner to provide relief to people in need, remove barriers to growth, and create opportunities in education and career development for Hispanics.
To see a full list of signatories and the Hispanic organizations behind the Hispanic Promise, please click here. If you are interested in having your company sign the Hispanic Promise, please reach out to info@weareallhuman.org.
About Northwell Health
Northwell Health is New York State's largest health care provider and private employer, with 21 hospitals, 850 outpatient facilities and more than 12,000 affiliated physicians. We care for over two million people annually in the New York metro area and beyond, thanks to philanthropic support from our communities. Our 79,000 employees – 18,900 nurses and 4,900 employed doctors, including members of Northwell Health Physician Partners – are working to change health care for the better. We're making breakthroughs in medicine at the Feinstein Institutes for Medical Research. We're training the next generation of medical professionals at the visionary Donald and Barbara Zucker School of Medicine at Hofstra/Northwell and the Hofstra Northwell School of Nursing and Physician Assistant Studies. For information on our more than 100 medical specialties, visit Northwell.edu and follow us @NorthwellHealth on Facebook, Twitter, Instagram and LinkedIn.
The Hofstra Northwell School of Nursing and Physician Assistant Studies, launched in 2015, aims to be the global leader in interprofessional education preparing the next generation of advanced practice nurses, physician assistants and cardiopulmonary perfusionists. The school incorporates the diverse academic programs and infrastructure of Hofstra University, as well as the significant clinical activities and educational resources of Northwell Health.
Media Contact
Marisa Garcia de Celis
marisa.gdca@gmail.com
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SOURCE We Are All Human | https://www.mysuncoast.com/prnewswire/2022/05/12/northwell-health-hispanic-star-form-strategic-alliance-advance-diversity-inclusion-healthcare-system/ | 2022-05-12T18:11:02Z |
- City of Toronto Social Bond wins Social Bond of the Year, Local Authority/Municipality category – BMO Joint-Lead Manager
- World Bank Sustainability Bond wins Sustainability Bond of the Year, Supranational category – BMO Joint-Lead Manager
- City of Vancouver Sustainability Bond wins Sustainability Bond of the Year, Local Authority/Municipality category – BMO Joint Bookrunner
TORONTO, March 31, 2022 /PRNewswire/ - The City of Toronto Social Bond, the World Bank Sustainability Bond, and the City of Vancouver Sustainability Bond were recognized today by Environmental Finance's 2022 Bond Awards in the categories of Social Bond of the Year – Local Authority/Municipality, Sustainability Bond of the Year – Supranational, and Sustainability Bond of the Year – Local Authority/Municipality. BMO Financial Group (BMO) acted as Joint-Lead Manager on the City of Toronto and World Bank bond issuances, and Joint Bookrunner on the City of Vancouver Sustainability Bond issuance.
The City of Toronto's Social Bond is the city's second Social Bond, following on their inaugural issue in June 2020 – the first-ever Social Bond from a Canadian Government issuer – which BMO also led. The Social Bond, issued under Toronto's Social Debenture Framework, is part of a program to promote positive socioeconomic outcomes, from affordable housing and access to essential infrastructure and services, to socioeconomic advancement and empowerment.
The World Bank Sustainability Bond is an $8 billion 2-year and 7-year Dual-Tranche Fixed-Rate Global Sustainability Bond launched in April 2021. The World Bank has been issuing sustainable development bonds in the international capital markets for over 70 years to fund programs and activities that achieve a positive impact. BMO is proud to be a joint lead-manager on this issuance. World Bank bonds are aligned with the Sustainability Bond Guidelines published by the International Capital Market Association and support the financing of a combination of green and social projects, programs, and activities.
The inaugural City of Vancouver Sustainability Bond was the first Sustainability Bond from a Canadian governmental issuer. Proceeds of the bond are supporting eligible projects such as green buildings, renewal and upgrade of the main sewer and a fire hall, street and bridge infrastructure, an accessibility program to provide access to essential services, a climate emergency response program and a seawall maintenance program.
"As Joint-Lead Manager we're pleased with the recognition the City of Toronto Social Bond, the World Bank Sustainability Bond, and the City of Vancouver Sustainability Bond have received from Environmental Finance," said Jonathan Hackett, Head, BMO Sustainable Finance. "These transactions are leading examples in sustainable financing that we believe will act as a catalyst to others as they explore social and sustainability labeled financing and BMO is excited to be a leader working with our clients in this space -- one that so closely aligns with our Purpose to Boldly Grow the Good, in business and life."
BMO is a recognized sustainability leader
Carbon neutral in its own operations since 2010, BMO announced its Climate Ambition in March 2021 with a commitment to deploy $300 billion in sustainable lending and underwriting to companies pursuing sustainable outcomes by 2025. BMO is focused on being its clients' lead partner in their transition to a net zero world and, since December 2019, has completed green and sustainability-linked loans for companies in a range of sectors, with targets including decarbonization, diversity & inclusion, and health and safety. To support clients' pursuit of opportunities driven by the increasing momentum of the global economy's shift in production and consumption of energy, in 2021 BMO established a dedicated Energy Transition Group and the BMO Climate Institute.
BMO's leadership on sustainability has been recognized by the Wall Street Journal's 100 Most Sustainably Managed Companies in the World, Corporate Knights' Global 100 Most Sustainable Corporations, Dow Jones Sustainability Indices World Index, and Ethisphere Institute's list of the World's Most Ethical Companies.
For more information on BMO's commitment to a sustainable future, please visit the bank's latest Sustainability Report. To learn more about sustainable finance at BMO click here. For BMO's climate ambition, visit its Climate page.
About BMO Financial Group
Serving customers for 200 years and counting, BMO is a highly diversified financial services provider - the 8th largest bank, by assets, in North America. With total assets of $1.02 trillion as of January 31, 2022, and a team of diverse and highly engaged employees, BMO provides a broad range of personal and commercial banking, wealth management and investment banking products and services to more than 12 million customers and conducts business through three operating groups: Personal and Commercial Banking, BMO Wealth Management and BMO Capital Markets.
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SOURCE BMO Financial Group | https://www.mysuncoast.com/prnewswire/2022/03/31/bmo-led-sustainability-social-bonds-recognized-by-environmental-finances-2022-bond-awards/ | 2022-04-01T02:07:35Z |
Company announces new initiative to help advance its environmental, social, and governance goals over the next several decades
WATERLOO, ON, Sept. 13, 2022 /PRNewswire/ -- OpenText™ (NASDAQ: OTEX), (TSX: OTEX), today announced the launch of the OpenText Zero-In Initiative, the company's guiding framework to achieving global impact goals related to its Environmental, Social, and Governance (ESG) commitments and programs. Affirming the OpenText promise of harnessing the power of technology for the greater good, the OpenText Zero-In Initiative is focused on specific, measurable goals that will leverage data to enable the organization to help move the dial on critical global challenges.
The OpenText Zero-In Initiative is centered around three pillars:
- Zero Footprint: OpenText is committed to an emissions reduction target of 50% by 2030 and net zero by 2040 for scope 1, 2, and 3 emissions from a baseline of fiscal year 2022 as well as zero-waste to landfill from operations by 2030. The company is also prioritizing helping customers move to the cloud.
- Zero Barriers: OpenText is focused on the advancement of Equity, Diversity, and Inclusion (ED&I), by committing to having a majority ethnically diverse workforce by 2030, 50/50 gender parity within key roles by 2030, and 40% women in leadership positions at all management levels by 2030.
- Zero Compromise: OpenText is committed to achieving its Zero Footprint and Zero Barrier goals via a values-based approach that is rooted in science, transparency, and integrity, supporting accountability, and continuing to help foster a culture of 'tech for good'.
OpenText recently released its annual Corporate Citizenship Report which outlines the OpenText Zero-In Initiative in detail and provides a baseline for tracking the business' success against its ESG aspirations. The OpenText Zero-In Initiative includes ambitious targets that OpenText believes will help drive real and lasting impact.
"The launch of the OpenText Zero-In Initiative enables us to continue to give back to our employees, our customers, and our communities, while zeroing-in on what matters most," added Barrenechea. "We intend to bring software and innovative technologies to market to enable our customers and ourselves to have a significant and immediate impact on ESG and climate goals."
Zeroing-in on stories that made an impact
Throughout the past year, OpenText has brought several initiatives and programs to life that closely align with and support the company's zero-in goals, including:
- The launch of the (ED&I) Navigator Internship program: This program included a partnership with Lakehead University to offer internship opportunities to Indigenous students enrolled at the university. The company welcomed its first cohort of interns this past spring as the students interned remotely in OpenText's software engineering, marketing, finance, IT, and human resource departments. The ED&I Navigator Internship program was also extended to several students from Howard University in the United States.
- Sponsoring schools in Poland that welcomed Ukrainian refugee children: OpenText has supported humanitarian efforts in Ukraine since March 2022 and has continued to find new ways to help the people of Ukraine throughout the ongoing crisis. Most recently, the company partnered with five schools in Poznan, Poland who between them, have welcomed more than 600 Ukrainian students into their classrooms. OpenText provided a financial donation to each school to help cover items such as laptops, Ukrainian textbooks, translation software, lockers, and sporting equipment.
- Enhancing benefits to support the wellbeing of employees: Throughout 2022, OpenText introduced several new employee benefits intended to better support the evolving needs of its employees. Examples of new benefits include enhanced maternity and parental leave, family care leave and adoption allowances for employees in Canada, the U.S., and India, as well as coverage and treatment for abortion, infertility, Gender Reassignment, mental health, and more for U.S. employees, regardless of which U.S. state they live in. Additionally, OpenText signed the HRC business statement earlier this year, which calls for public leaders to abandon or oppose efforts to enact anti-LGBTQ+ legislation.
- Supporting communities in times of need: Providing support for the communities where employees live and work is a priority for OpenText. As part of its corporate giving pillars, the company provides financial support for global disaster relief and introduces employee matching initiatives to help make a greater impact. Most recently, the company made a $10,000 donation to the Kentucky Region American Red Cross in support of those impacted by the deadly floods in eastern Kentucky.
To complement the Zero-In initiative, OpenText has launched a global campaign titled "Be a Climate Innovator" to raise awareness of how companies can apply Information Management to innovate for a more sustainable future. Together with customers, OpenText is making a bold goal to save 1% of the world's trees over 10 years, through Digital Transformation. The digital world can work to protect the physical one and ensure a thriving planet for future generations.
To learn more about the OpenText Zero-In Initiative, the company's goals, plans, and programs that are already in place in support of those goals, visit Corporate Citizenship Report 2022: Introducing Our Zero-In Initiative - OpenText Blogs.
Read the 2022 Corporate Citizenship Report at this link.
Learn more about how to Be a Climate Innovator at this link.
About OpenText
OpenText, The Information Company™, enables organizations to gain insight through market leading information management solutions, powered by OpenText Cloud Editions. For more information about OpenText (NASDAQ: OTEX, TSX: OTEX) visit opentext.com.
Connect with us:
OpenText CEO Mark Barrenechea's blog
Twitter | LinkedIn
Copyright © 2022 OpenText. All Rights Reserved. Trademarks owned by OpenText. One or more patents may cover this product(s). For more information, please visit https://www.opentext.com/patents.
OTEX-G
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SOURCE Open Text Corporation | https://www.kxii.com/prnewswire/2022/09/13/opentext-zeroes-in-ambitious-esg-targets-programs/ | 2022-09-13T21:48:38Z |
High winds and extreme heat are fueling dangerous wildfires across the Southwest. Four states -- New Mexico, Arizona, Colorado and Texas -- are battling a dozen large fires that have already burned more than 320,000 acres, and triple-digit temperatures are only making matters worse.
Here's what you need to know to Get Up to Speed and On with Your Day.
(You can get "5 Things You Need to Know Today" delivered to your inbox daily. Sign up here.)
1. Ukraine
The southern Ukrainian city of Odesa came under heavy attack yesterday, as Russian forces deployed cruise missiles -- including Russia's new hypersonic Kinzhal missiles -- that destroyed two hotels, a shopping center and a warehouse. One person died and five were hospitalized, according to Ukrainian officials. Separately, the World Health Organization has verified 200 attacks on health care facilities in Ukraine since the start of Russia's invasion. In an effort to help Ukraine combat Russian aggression, President Joe Biden has called on Congress to "immediately" pass a nearly $40 billion Ukrainian aid bill, warning for the first time that existing aid will run out in "approximately ten days." The House of Representatives is set to consider the aid package today, House Majority Leader Steny Hoyer said.
2. Inmate escape
The nationwide search for a former Alabama corrections officer and the inmate she disappeared with ended yesterday when Vicky White died from a self-inflicted gunshot wound, officials said. Vicky White, 56, and Casey White, 38, were captured in Evansville, Indiana, following a car chase with authorities who tracked them down following a tip that came from the public. The chase ended when a US Marshals task force member drove a vehicle into the car the pair were in. Officers were able to remove the inmate from the wrecked car, but Vicky White was pinned inside with a gunshot wound to her head. Casey White reportedly told authorities to help "his wife" who had shot herself and told them he didn't do it. The pair's capture brought to a close a lengthy manhunt that gained widespread attention.
3. Philippines election
Ferdinand Marcos Jr., the son and namesake of the late dictator, is on the cusp of winning the Philippines presidential election by a landslide, preliminary and unofficial results show. With more than 95% of the votes counted, Marcos Jr. has about 30 million votes, more than double that of his closest rival, the outgoing Vice President Leni Robredo, according to a partial and unofficial tally reported by CNN Philippines. Official results, however, could take weeks to be confirmed. Known as "Bongbong" in the Philippines, Marcos Jr.'s win would return the Marcos dynasty to the Malacañang Palace 36 years after the family fled a mass uprising. His father's 21-year rule was marked by human rights abuses and widespread corruption.
4. Stocks tumble
US stocks fell sharply yesterday, pushing the S&P 500 below the 4,000 mark for the first time in more than a year as traders anticipate a new load of bad news on inflation and earnings. The Dow fell about 654 points, or nearly 2%. The S&P 500 dropped 3.2%, and the Nasdaq Composite lost about 4.3%. The moves follow an incredibly volatile week on Wall Street and marks the fifth straight week of losses for all three major US stock indexes. "I've been in the markets for 25 years and I've never seen anything like this," said Danielle DiMartino Booth, CEO and chief strategist for Quill Intelligence, a Wall Street and Federal Reserve research firm. "It's violent not just volatile."
5. Resort deaths
Three Americans died of unknown causes at a Sandals resort on the Bahamas' Great Exuma island Friday. Officials are conducting autopsies to learn more about how the travelers -- two from Tennessee and one from Florida -- died over the course of one evening. A fourth American, the wife of the Floridian who died, was airlifted to the nation's capital of Nassau for further treatment before being transferred stateside. No signs of trauma were found on the bodies, the Royal Bahamas Police Force said in a statement to CNN, and the circumstances remain under police investigation.
BREAKFAST BROWSE
Warhol portrait fetches a record $195 million
Going, going, gone! One of Andy Warhol's most recognizable works just became the most expensive 20th-century artwork ever sold at auction.
Anthony Anderson celebrates graduation from Howard University
It's never too late. The "Black-ish" actor, who is 51, credited his son for encouraging him to go back to school.
Tony Awards nominations announced
Bravo! These Broadway productions received the most nods this year.
Prince Harry shows off his acting skills in new video
Ms. Markle, spill the tea! Did you give your husband some acting tips?
Top 10 hotels in the world and the US for 2022, according to Tripadvisor
Calories don't count when you're on vacation, right? Imagine all of the incredible cuisine options at the world's best hotels.
TODAY'S NUMBER
2.2 million
That's how many barrels per day of crude oil will be cut off to Europe if the EU bans Russian oil imports, according to the International Energy Agency. As Europe tries to wean itself off Russia's oil, Middle Eastern nations appear to be the only producers with enough capacity to compensate for the shortfall. Oil analysts, however, caution that the region may not be able to come to Europe's rescue.
CNN has launched Meanwhile in the Middle East, a free newsletter from our experts across the region. Three times a week we'll send you an inside look at the biggest stories and trends in the Middle East and what they mean for your world. Sign up here!
TODAY'S QUOTE
"The lake has drained dramatically over the last 15 years. It's likely that we will find additional bodies that have been dumped in Lake Mead."
-- Las Vegas Metropolitan Police Homicide Lt. Ray Spencer, commenting on the discovery of body in a barrel in Lake Mead earlier this month. More human remains were found over the weekend in the country's largest reservoir. Around 40 million people in the West rely on water from the Colorado River and its two largest reservoirs -- Lake Mead and Lake Power -- where levels have plunged over the past few years amid a climate change-fueled megadrought.
TODAY'S WEATHER
AND FINALLY
Window cleaner creates logos on soapy glass
Here's a strangely satisfying art form: window washing! (Click here to view)
The-CNN-Wire
™ & © 2022 Cable News Network, Inc., a WarnerMedia Company. All rights reserved. | https://www.albanyherald.com/news/5-things-to-know-for-may-10-ukraine-manhunt-philippines-stocks-resort-deaths/article_ac9ee981-6b85-504f-bd5a-8d22f94f133b.html | 2022-05-10T12:04:28Z |
From scholarships and fellowships to research to address the world's greatest challenges, funds from more than 163,000 donors are making a difference locally, nationally and around the globe
SAN DIEGO, July 14, 2022 /PRNewswire/ -- The University of California San Diego has reached the conclusion of its landmark Campaign for UC San Diego, raising a total of $3.05 billion in philanthropic support over a span of 10 years. The funds have spurred a significant campus transformation, increased access with scholarships and fellowships for the next generation of leaders and expanded the university's positive global impact with research that is addressing some of the world's most pressing concerns.
Founded in 1960, UC San Diego is the nation's youngest university to reach a multibillion-dollar fundraising goal in a single campaign, raising $1 billion more than the original $2 billion goal. More than 163,000 supporters designated charitable gifts and grants to over 450 different areas across campus, including UC San Diego Health and Scripps Institution of Oceanography. In the final year of the Campaign, which concluded on June 30, 2022, the campus raised a record-breaking $420 million, setting an upward trajectory for continued transformation and impact.
"The incredible support from our generous donors during the Campaign for UC San Diego has fueled a remarkable physical, intellectual and cultural transformation that has greatly enhanced the experiences of our students, our patients and our greater San Diego community, in addition to benefiting countless lives around the globe," said UC San Diego Chancellor Pradeep K. Khosla. "Belief in UC San Diego as a force for change gave us three billion new reasons to keep exploring, to keep discovering and to keep impacting the world around us."
Campaign for UC San Diego volunteer leadership played a critical role in the success of the Campaign. Honorary co-chairs Joan and Irwin Jacobs, Ernest Rady and T. Denny Sanford set the foundation for the Campaign's success with gifts including $100 million from the Jacobs to establish the Jacobs Medical Center at UC San Diego Health, a commitment of $100 million from Ernest and Evelyn Rady for the Rady School of Management, and $200 million in total funds from Sanford to establish both the Sanford Stem Cell Clinical Center at UC San Diego Health and the T. Denny Sanford Institute for Empathy and Compassion.
In addition, more than 100 alumni and community members stepped up to lead this historic effort as members of the Campaign for UC San Diego Cabinet. Every cabinet member donated to the Campaign, generating support totaling $1 billion. More than half of the cabinet was composed of alumni, including cabinet co-chairs Ken Kroner, PhD '88, and Aryeh Bourkoff '95, who each supported the Campaign with multimillion-dollar gifts. Many members of the Cabinet are also current or former trustees of the UC San Diego Foundation.
Overall, alumni giving also went up significantly. More than 45,600 alumni donors gave $257 million in gifts, representing an increase of 1,300% over the last campaign.
"We are so incredibly proud of how UC San Diego alumni have come together over the past decade to support their alma mater as a collective group," said Kimberley Phillips Boehm '82, UC San Diego Alumni president from 2020-22. "This support is driving the university's upward trajectory as it makes a difference for future generations of students, spurs innovative research, enhances medicine and transforms our campus."
To read more about the Campaign for UC San Diego and the remarkable impact of our donors' generous gifts over the last decade, please click here.
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SOURCE University of California San Diego | https://www.mysuncoast.com/prnewswire/2022/07/14/changing-world-through-philanthropy-uc-san-diego-raises-305-billion-campaign-uc-san-diego-concludes/ | 2022-07-14T22:06:43Z |
IRVING, Texas, Aug. 15, 2022 /PRNewswire/ -- Darling Ingredients Inc. (NYSE: DAR) ("Darling" or the "Company") today announced the launch of an offering of $250.0 million in aggregate principal amount of unsecured senior notes (the "add-notes") by Darling. The add-on notes will be issued as additional notes under the same indenture (the "indenture") as Darling's 6% senior notes due 2030, $750.0 million in aggregate principal amount of which were issued on June 9, 2022 (the "initial notes"). The add-on notes will have the same terms as the initial notes (other than issue date and issue price) and will, together with the initial notes, constitute a single class of securities under the indenture. The offering is subject to market and other conditions.
The add-notes will be guaranteed by all of Darling's restricted subsidiaries (other than foreign subsidiaries and other than Valley Proteins, LLC and Valley Proteins (DE), LLC, which guarantee the Credit Agreement (as defined below) and will guarantee the initial notes and the add-on notes within 20 business days of the date that such entities guaranteed the Credit Agreement), that are borrowers under or that guarantee Darling's senior secured credit facilities under its Second Amended and Restated Credit Agreement dated January 6, 2014, as amended (the "Credit Agreement"). The guarantors of the add-on notes are the same guarantors as for the initial notes and Darling's existing dollar-denominated notes. The gross proceeds of the add-on notes offering are expected to be used (i) for general corporate purposes, including the repayment of indebtedness and (ii) to pay the costs, commissions, fees, and expenses incurred in connection with the offering of the add-on notes (including the initial purchasers' discount). Darling may temporarily apply proceeds to reduce revolving credit indebtedness or invest in cash equivalents, U.S. government securities and other high-quality debt investments pending application of the proceeds.
The add-on notes and related guarantees will be offered in the United States to persons reasonably believed to be "qualified institutional buyers" in reliance on Rule 144A under the Securities Act of 1933, as amended (the "Securities Act"), and outside the United States to non-U.S. persons in reliance on Regulation S under the Securities Act. The add-on notes and related guarantees will not be registered under the Securities Act or any state securities laws and, unless so registered, may not be offered or sold in the United States except pursuant to an applicable exemption from the registration requirements of the Securities Act and applicable state securities laws.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy the add-on notes and related guarantees, nor shall there be any offer to sell, solicitation of an offer to buy or sale of the add-on notes and related guarantees, in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or other jurisdiction.
About Darling
Darling Ingredients Inc. (NYSE: DAR) is the largest publicly traded company turning food waste into sustainable products and a leading producer of renewable energy. Recognized as a sustainability leader, the company operates 250 plants in 17 countries and repurposes nearly 15% of the world's meat industry waste streams into value-added products, such as green energy, renewable diesel, collagen, fertilizer, animal proteins and meals and pet food ingredients.
Cautionary Statements Regarding Forward-Looking Information
This press release contains "forward-looking" statements that are subject to risks and uncertainties that could cause actual results to differ materially from those expressed or implied in the statements. Statements that are not statements of historical facts are "forward-looking" statements and are made pursuant to the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Words such as "estimate," "project," "planned," "contemplate," "potential," "possible," "proposed," "intend," "believe," "anticipate," "expect," "may," "will," "would," "should," "could" and similar expressions are intended to identify "forward-looking" statements. "Forward-looking" statements are based on the Company's current expectations and assumptions regarding its business, the economy and other future conditions. The Company cautions readers that any such "forward-looking" statements it makes are not guarantees of future performance and that actual results may differ materially from anticipated results or expectations expressed in its "forward-looking" statements as a result of a variety of factors, including many that are beyond the Company's control. These factors include, among others, existing and unknown future limitations on the ability of the Company's direct and indirect subsidiaries to make their cash flow available to the Company for payments on the Company's indebtedness or other purposes; global demands for bio-fuels and grain and oilseed commodities, which have exhibited volatility, and can impact the cost of feed for cattle, hogs and poultry, thus affecting available rendering feedstock and selling prices for the Company's products; reductions in raw material volumes available to the Company due to weak margins in the meat production industry as a result of higher feed costs, reduced consumer demand or other factors, reduced volume from food service establishments or otherwise; reduced demand for animal feed; reduced finished product prices, including a decline in fat and used cooking oil finished product prices; changes to worldwide government policies relating to renewable fuels and greenhouse gas emissions that adversely affect programs like the U.S. government's renewable fuel standard, low carbon fuel standards and tax credits for biofuels both in the United States and abroad; possible product recall resulting from developments relating to the discovery of unauthorized adulterations to food or food additives; the occurrence of 2009 H1N1 flu (initially known as "Swine Flu"), highly pathogenic strains of avian influenza (collectively known as "Bird Flu"), severe acute respiratory syndrome ("SARS"), bovine spongiform encephalopathy ("BSE"), porcine epidemic diarrhea ("PED") or other diseases associated with animal origin in the United States or elsewhere, such as the outbreak of African Swine Fever ("ASF") in China and elsewhere; the occurrence of pandemics, epidemics or disease outbreaks, such as the current novel coronavirus (COVID-19) outbreak; unanticipated costs and/or reductions in raw material volumes related to the Company's compliance with the existing or unforeseen new U.S. or foreign (including, without limitation, China) regulations (including new or modified animal feed, Bird Flu, SARS, PED, BSE, ASF or similar or unanticipated regulations) affecting the industries in which we operate or our value added products; risks associated with the DGD Joint Venture, including possible unanticipated operating disruptions and issues relating to the announced expansion project; risks and uncertainties relating to international sales and operations, including imposition of tariffs, quotas, trade barriers and other trade protections imposed by foreign countries; difficulties or a significant disruption in the Company's information systems or failure to implement new systems and software successfully; risks relating to possible third party claims of intellectual property infringement; increased contributions to the Company's pension and benefit plans, including multiemployer and employer-sponsored defined benefit pension plans as required by legislation, regulation or other applicable U.S. or foreign law or resulting from a U.S. mass withdrawal event; bad debt write-offs; loss of or failure to obtain necessary permits and registrations; continued or escalated conflict in the Middle East, North Korea, Ukraine or elsewhere; uncertainty regarding the exit of the United Kingdom from the European Union; and/or unfavorable export or import markets. These factors, coupled with volatile prices for natural gas and diesel fuel, climate conditions, currency exchange fluctuations, general performance of the United States and global economies, disturbances in world financial, credit, commodities and stock markets, and any decline in consumer confidence and discretionary spending, including the inability of consumers and companies to obtain credit due to lack of liquidity in the financial markets, among others, could cause actual results to vary materially from the "forward-looking" statements in this press release or negatively impact the Company's results of operations. Among other things, future profitability may be affected by the Company's ability to grow its business, which faces competition from companies that may have substantially greater resources than the Company. Other risks and uncertainties regarding the Company, its business and the industries in which it operates are referenced from time to time in the Company's filings with the Securities and Exchange Commission. The Company is under no obligation to (and expressly disclaims any such obligation to) update its "forward-looking" statements whether as a result of change of circumstances, new events or otherwise.
For More Information, contact:
Suann Guthrie, Vice President, Investor Relations, Sustainability and Global Communications Suann.Guthrie@darlingii.com
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SOURCE Darling Ingredients Inc. | https://www.wibw.com/prnewswire/2022/08/15/darling-ingredients-inc-announces-private-offering-2500-million-unsecured-senior-notes/ | 2022-08-15T14:18:31Z |
CAESAREA, Israel, May 31, 2022 /PRNewswire/ -- Max Stock Limited (TASE: MAXO) (the "Company") today reported financial results for first quarter ended March 31, 2022.
First Quarter 2022 Summary Compared with First Quarter 2021
- Revenue decreased 0.4% to ILS 250.9 million.
- Comparable store sales decreased 10%.
- Adjusted net income decreased 32.2% to ILS 20.9 million.
- Adjusted EPS1 (attributable to shareholders) decreased 32.2% to ILS 0.13
- Adjusted EBITDA2 decreased 25.1% to ILS 31.8 million.
The Company views comparison to the 2019 period to be more meaningful than the comparable 2021 period given the exceptional COVID-19 related consumer demand changes experienced in the same period in 2021.
First Quarter 2022 Summary Compared with First Quarter 2019
- Revenue increased 44.2%.
- Comparable store sales increased 22%.
- Adjusted net income increased 29.5%.
- Adjusted EPS1 (attributable to shareholders) increased 29.5%.
- Adjusted EBITDA2 increased 36.0%.
Ori Max, Founder and Chief Executive Officer, stated, "We achieved revenue largely in-line with the first quarter last year along with a strong operating cash-flow, despite the shift of Passover holiday sales into the second quarter this year. Our performance on a multi-year basis underscores the progress we have made expanding our market share and strengthening Max Stock's position as Israel's leading extreme value retailer. We have opened 5 new stores over the last four quarters and intend on continuing our store expansion in the coming years, while concurrently laying the groundwork for future growth engines. We look forward to creating enhanced value for our customers and our shareholders in the months and years ahead."
First Quarter Results
Revenue decreased 0.4% to ILS 250.9 million in the first quarter 2022 as compared with revenue of ILS 252.0 million in the first quarter 2021. The slight decrease over the same period last year was driven primarily by sales contributions from new stores, offset by difference in timing of the Passover holiday, which occurred in the first quarter of 2021 and the second quarter of 2022, respectively. Revenue in Q1 2022 increased 44.2% from ILS 174.0 million in Q1 2019.
Gross profit decreased 2.0% to ILS 97.8 million in the first quarter 2022 from ILS 99.8 million in the first quarter 2021. Gross margin was 39.0% as compared to 39.6% in the prior year period and 38.6% in the three year ago period. The 60-basis point change in gross margin year-over-year was due primarily to higher logistics costs. Gross profit in Q1 2022 increased 45.5% from ILS 67.2 million in Q1 2019.
Selling, general and administrative expenses increased to ILS 70.1 million in the first quarter 2022 from ILS 60.8 million in the first quarter 2021, primarily driven by an increase in salary and wage expenses, branch maintenance, depreciation of fixed property and amortization of right of use assets arising from opening new branches. Selling, general and administrative expenses in Q1 2019 were ILS 43.6 million. Selling, general and administrative expenses (including stock-based compensation) as a percentage of net sales in Q1 2022 were 27.9% compared with 24.1% in Q1 2021 and 25.1% in Q1 2019.
Adjusted net income decreased 32.2% to ILS 20.9 million, or ILS 0.13 per share, in the first quarter of 2022 as compared with adjusted net income of ILS 30.8 million, or ILS 0.18 per share, in the first quarter of 2021. Adjusted net income in Q1 2019 was ILS 16.2, or ILS 0.10 per share.
Adjusted EBITDA decreased 25.1% to ILS 31.8 million in the first quarter fiscal 2022 from ILS 42.4 million in the first quarter 2021. Adjusted EBITDA in Q1 2022 increased 36.0% from ILS 23.4 million in Q1 2019.
Balance Sheet, Cash Flow and Other Highlights
The Company's cash and cash equivalents balance at March 31, 2022 was ILS 60.9 million compared with ILS 50.3 million at December 31. The Company ended the first quarter of 2022 with total debt of ILS 77.6 million compared with total debt of ILS 70.5 million at the end of fiscal 2021.
Inventories at March 31, 2022 were ILS 219.1 million compared with ILS 213.7 million at December 31, 2021.
Operating cash flows in Q1 2022 were ILS 23.6 million compared with negative operating cash flows of ILS 18.5 million in the first quarter of 2021. The increase was primarily attributable to a decline in the Company's working capital relative to the same period last year in which the Company was building up on inventories due to a concern of delays with merchandise supplies on the backdrop of the global COVID-19 crisis.
On April 26, 2022, the Israel Tax Authority rendered a decision regarding a VAT assessment of transactions totaling approximately ILS 5.1 million, whereby all the Company's arguments were accepted, and the entire assessment charges were cancelled.
Conference Call Information
The Company will host a conference call on May 31, 2022 at 8:30 a.m. Eastern Standard Time to discuss fiscal 2020 results. There will be a slide presentation that accompanies the call. The slides and audio will be accessible through a live webcast at https://ir.maxstock.co.il/en/event-en/. Investors and analysts interested in participating in the call are also invited to dial (877) 407-9716 (US) or (201) 493-6779 (international) and entering the conference identification number: 13730079.
A telephone replay of the call will be available until June 7, 2022, (844) 512-2921 (US) or (412) 317-6671 (international) and entering the conference identification number: 13730079.
About Max Stock
Max Stock is Israel's leading extreme value retailer, currently present in 55 locations throughout Israel. We offer a broad assortment of quality products for customers' everyday needs at affordable prices, helping customers "Dream Big, Pay Small". For more information, please visit https://ir.maxstock.co.il
Forward-Looking Statements
It should be emphasized that this report includes forward-looking information as defined under the Securities Law, 5728-1968. Forward-looking information is uncertain information regarding the future, including forecasts, projections, estimates or other information which refer to a future event or matter, the eventuation of which is uncertain and/or not within the Company's control. The forward-looking information included in this report is based on the current information held by the Company or its current assessments, as of the publication date of this report.
Company Contacts:
Talia Sessler,
Chief Corporate Development and IR Officer
talia@maxstock.co.il
Ifat Nir Katz,
General Counsel and Corporate Secretary
ifat@maxstock.co.il
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SOURCE Max Stock Limited | https://www.wibw.com/prnewswire/2022/05/31/max-stock-limited-reports-first-quarter-2022-financial-results/ | 2022-05-31T06:11:23Z |
SecurityMetrics Pulse Security Operations Service (SOS) and Shopping Cart Monitor help IT teams get even more done by leveraging SecurityMetrics' threat hunting approach and expertise. Both products will have live demos at RSA 2022.
OREM, Utah, June 1, 2022 /PRNewswire/ -- One problem many SMBs face is having adequate resources to manage and maintain good security practices. To help augment IT teams, SecurityMetrics created Pulse, a platform that provides SMBs with tools, training, and support to fight threat actors and provide needed network threat visibility. The Pulse Security Platform helps businesses with both ecommerce and business location network security.
The Pulse Security Operations Service (SOS) helps IT teams strapped for resources to get crucial threat visibility. Pulse SOS helps businesses:
- Find their most pervasive threats with access to finely tuned and frequently updated scan engines
- Avoid a system lockout with ransomware and virus protection
- Spot threat actors in a network with asset discovery
- Lighten workloads with security team augmentation
- Prevent damage with prompt compromise notifications
- Track security progress with an up-to-date monthly analyst review and report
- Get a monthly cybersecurity consultation with a threat hunter
Kelly Redd, Director of Product Management, explains how Pulse can help overworked IT teams. "For IT Teams without a dedicated security staff who need fundamental cyber protection, SecurityMetrics' Pulse SOS is a security operations service that's built on the Pulse platform that uses network traffic analysis to provide threat visibility. Unlike other offerings, our product provides white glove service at an accessible price."
Also, as part of the Pulse Platform, SecurityMetrics offers an ecommerce solution that provides support to IT teams. Shopping Cart Monitor helps vendors by detecting digital skimming, also known as formjacking or magecart attacks against payment checkout pages on ecommerce sites.
This new technology has the potential to save online retailers a significant amount of money and frustration since organizations can be held liable for damages.
Shopping Cart Monitor offers:
- Non-intrusive scanning of ecommerce payment pages
- Customizable notifications
- Regular alerts and support
- Straightforward and simple reporting
- Automated inspection
- Segmented lists of threat indicators
- User-friendly software
- 24/7 technical support
To see demos of Pulse SOS and Shopping Cart Monitor, stop by booth 340 at RSA on June 6-9th.
To learn more about SecurityMetrics, Webpage Integrity Monitoring or Pulse Security Operations Service (SOS), please call 801.705.5656 or email consulting@securitymetrics.com.
For press inquiries, email pr@securitymetrics.com.
SecurityMetrics secures peace of mind for organizations that handle sensitive data. They have tested over 1 million systems for data security and compliance. Industry standards don't keep up with the threat landscape, which is why they hold their tools, training, and support to a higher, more thorough standard of performance and service. Never have a false sense of security.™
As an Approved Scanning Vendor, Qualified Security Assessor, Certified Forensic Investigator, and Managed Security provider SecurityMetrics guides organizations through data security testing and compliance mandates (PCI, HIPAA, GDPR, HITRUST). With over 20 years of forensic investigations, penetration testing, vulnerability assessments, and compliance audits, SecurityMetrics has tested over 1 million systems for vulnerabilities. The privately held company is headquartered in Orem, Utah where it maintains a Security Operations Center (SOC) and 24/7 multilingual technical support.
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SOURCE SecurityMetrics, Inc. | https://www.wibw.com/prnewswire/2022/06/01/securitymetrics-pulse-security-platform-augments-it-teams-protects-smbs-cyber-threats/ | 2022-06-01T12:53:38Z |
BEIJING, Aug. 30, 2022 /PRNewswire/ -- Waterdrop Inc. (NYSE: WDH) ("Waterdrop" or "the Company"), a leading technology platform dedicated to insurance and healthcare service with a positive social impact, announced that Waterdrop became a finalist for "2022 Green Practice Pioneering Projects", which organized by the National Business Daily (NBD), a nationwide Chinese financial and economic daily newspaper published in Mainland China.
Waterdrop attaches great importance to its sustainable development, besides building a commercial model for sustainable development, it also integrates the philosophy of environment management into the DNA of corporate operation, while actively responding to the call for energy conservation and emission reduction and always implementing the green and low-carbon development strategy.
I. Focusing on green and low-carbon operation
As a non-production firm, Waterdrop places a high priority on the environmental impact of its operation. It builds and improves the environmental management system step by step, monitoring various key environmental performances; on the other hand, it continues to promote the philosophy about environmental protection internally, making energy conservation and carbon emission reduction the key aspects of environmental protection. It keeps advancing green office regarding energy management, carbon emissions, and resource utilization. After advocating paperless office, printing on both sides, and electronic signatures, in 2021, Waterdrop reduced the use of office paper by 47.14 kg year on year; after arranging special persons to manage electric equipment and making timely adjustments based on lighting, temperature, and other external environmental changes to reduce electricity consumption and improve energy utilization efficiency, in 2021, Waterdrop saved electricity by nearly 80,000 kWh from the previous year.
2. Facilitating the sustainable development of the industry
When participating in climate actions, Waterdrop also works to promote the more sustainable and quality development of the whole industry. Currently, Waterdrop Insurance Marketplace serves over 100 million customers, while Waterdrop Medical Crowdfunding serves nearly 2.5 million patients with critical illness through over 400 million donators. Waterdrop has over 100 partners and helping industrial peers increase zero-carbon awareness.
In this regard, Waterdrop fulfills its responsibility mainly through digitalization, online and intelligent operations.
For insurance claims, Waterdrop's intelligent claims system is capable of settling a claim in 8 seconds. This has helped save the consumption of 2.61 million paper documents, and the users' waiting time for claims settlement. The insured people do not need to repeatedly mail paper documents and do not have to worry about the long hours and complexity of claims settlement.
Meanwhile, Waterdrop exports part of its tech and operation capabilities to partners through SaaS, to help more partners raise zero-carbon awareness and practice green actions.
Mr. Peng Shen, Founder, Chairman, and CEO of Waterdrop commented, "Since our inception, ESG has been embedded in our corporate mission and business philosophy. Going forward, we will continue to make every endeavor to promote ESG, striving to achieve our mission of 'bring insurance and healthcare service to billions through technology.' "
About Waterdrop Inc.
Waterdrop Inc. (NYSE: WDH) is a leading technology platform dedicated to insurance and healthcare service with a positive social impact. Founded in 2016, with the comprehensive coverage of Waterdrop Insurance Marketplace and Waterdrop Medical Crowdfunding, Waterdrop aims to bring insurance and healthcare service to billions through technology. For more information, please visit www.waterdrop-inc.com.
Safe Harbor Statement
This press release contains statements that may constitute "forward-looking" statements pursuant to the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "aims," "future," "intends," "plans," "believes," "estimates," "likely to," and similar statements. Statements that are not historical facts, including statements about Waterdrop's beliefs, plans, and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. Further information regarding these and other risks is included in Waterdrop's filings with the SEC. All information provided in this press release is as of the date of this press release, and Waterdrop does not undertake any obligation to update any forward-looking statement, except as required under applicable law.
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SOURCE Waterdrop Inc. | https://www.kxii.com/prnewswire/2022/08/30/waterdrop-receives-nbd-2022-green-practice-pioneering-projects/ | 2022-08-30T14:59:41Z |
NEW YORK, July 18, 2022 /PRNewswire/ -- InvestorsObserver issues critical PriceWatch Alerts for XELA, GRAB, GOEV, PLUG, and JWN.
To see how InvestorsObserver's proprietary scoring system rates these stocks, view the InvestorsObserver's PriceWatch Alert by selecting the corresponding link.
- XELA: https://www.investorsobserver.com/lp/pr-stocks-lp-2/?symbol=XELA&prnumber=071820226
- GRAB: https://www.investorsobserver.com/lp/pr-stocks-lp-2/?symbol=GRAB&prnumber=071820226
- GOEV: https://www.investorsobserver.com/lp/pr-stocks-lp-2/?symbol=GOEV&prnumber=071820226
- PLUG: https://www.investorsobserver.com/lp/pr-stocks-lp-2/?symbol=PLUG&prnumber=071820226
- JWN: https://www.investorsobserver.com/lp/pr-stocks-lp-2/?symbol=JWN&prnumber=071820226
(Note: You may have to copy this link into your browser then press the [ENTER] key.)
InvestorsObserver's PriceWatch Alerts are based on our proprietary scoring methodology. Each stock is evaluated based on short-term technical, long-term technical and fundamental factors. Each of those scores is then combined into an overall score that determines a stock's overall suitability for investment.
InvestorsObserver provides patented technology to some of the biggest names on Wall Street and creates world-class investing tools for the self-directed investor on Main Street. We have a wide range of tools to help investors make smarter decisions when investing in stocks or options.
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SOURCE InvestorsObserver | https://www.kxii.com/prnewswire/2022/07/18/thinking-about-buying-stock-exela-technologies-grab-canoo-plug-power-or-nordstrom/ | 2022-07-18T16:25:53Z |
Purchase price represents an approximate 11 times multiple on average Adjusted Property EBITDA from 2019-2021
LAS VEGAS, June 9, 2022 /PRNewswire/ -- MGM Resorts International (NYSE: MGM) ("MGM Resorts" or the "Company") today announced that it has reached an agreement to sell the operations of Gold Strike Tunica ("Gold Strike") to Cherokee Nation Entertainment Gaming Holdings, LLC ("CNE"), a subsidiary of Cherokee Nation Businesses, for $450 million in cash, subject to customary adjustments.
"I want to thank all of our Gold Strike employees who have consistently delivered world-class gaming and entertainment experiences to our guests," said Bill Hornbuckle, CEO & President, MGM Resorts International. "Gold Strike is a wonderful property with a bright future ahead. Strategically, though, we decided to narrow our focus in Mississippi to a single resort – Beau Rivage – and dedicate more of our time and resources towards continuing to drive success at that leading, world-class resort and casino."
For the twelve months ended December 31, 2021, Gold Strike reported net income of $81.1 million and Adjusted Property EBITDAR of $115 million1, reflecting benefits from certain market specific factors in the last year. Pre-pandemic, Gold Strike reported Adjusted Property EBITDAR of $67 million in 2019. At the closing of the transaction, MGM Resorts' master lease agreement with VICI Properties Inc. (NYSE: VICI), which currently includes Gold Strike, will be amended to reduce annual rent by $40 million. The Company expects net cash proceeds after taxes and estimated fees to be approximately $350 million.
"This is a great outcome for the Company as we are able to reprioritize future capital expenditures toward opportunities that will enhance the customer experience at our other locations," said Jonathan Halkyard, CFO & Treasurer, MGM Resorts International. "We appreciate VICI, as the real estate owner of Gold Strike, working constructively with CNE to facilitate a new lease agreement."
Gold Strike opened in 1994 and was acquired by MGM Resorts in 2005. At 32 stories tall, the iconic property is one of the most recognizable buildings in Tunica and towers above all other structures. When it was built the gold tower was reported to be the tallest building in Mississippi.
The transaction is expected to close in the first half of 2023, subject to regulatory approvals and other customary closing conditions.
Weil, Gotshal & Manges LLP served as legal counsel to MGM Resorts.
About MGM Resorts International
MGM Resorts International (NYSE: MGM) is an S&P 500® global entertainment company with national and international locations featuring best-in-class hotels and casinos, state-of-the-art meetings and conference spaces, incredible live and theatrical entertainment experiences, and an extensive array of restaurant, nightlife and retail offerings. MGM Resorts creates immersive, iconic experiences through its suite of Las Vegas-inspired brands. The MGM Resorts portfolio encompasses 33 unique hotel and gaming destinations globally, including some of the most recognizable resort brands in the industry. The Company's 50/50 venture, BetMGM, LLC, offers U.S. sports betting and online gaming through market-leading brands, including BetMGM and partypoker. The Company is currently pursuing targeted expansion in Asia through the integrated resort opportunity in Japan. Through its "Focused on What Matters: Embracing Humanity and Protecting the Planet" philosophy, MGM Resorts commits to creating a more sustainable future, while striving to make a bigger difference in the lives of its employees, guests, and in the communities where it operates. The global employees of MGM Resorts are proud of their company for being recognized as one of FORTUNE® Magazine's World's Most Admired Companies®. For more information, please visit us at www.mgmresorts.com. Please also connect with us @MGMResortsIntl on Twitter as well as Facebook and Instagram.
About Cherokee Nation Businesses:
Cherokee Nation Businesses is the tribally owned holding company of the largest Indian Nation in the United States. The Cherokee Nation and its businesses employ 11,000 people. CNB blends its heritage of ingenuity with modern business experience to solve complex challenges, serve clients nationwide and to remain one of the drivers of Cherokee Nation's prosperity and stability. CNB owns companies in the consulting, health sciences, hospitality, real estate, technology, distribution and logistics, engineering, manufacturing, construction and environmental services industries. For more information, please visit www.CherokeeNationBusinesses.com or follow CNB on Facebook, Twitter and LinkedIn.
About Cherokee Nation Entertainment:
Cherokee Nation Entertainment is the gaming and hospitality company of the Cherokee Nation. The company owns and operates Hard Rock Hotel & Casino Tulsa and nine Cherokee Casinos, including a horse racing track, three resort hotels, three golf courses and other retail operations. For more information visit www.hardrockcasinotulsa.com and www.cherokeecasino.com.
Forward Looking Statements:
Statements in this release that are not historical facts are forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995, as amended, and involve risks and/or uncertainties, including those described in the Company's public filings with the Securities and Exchange Commission. Forward-looking statements can be identified by the use of forward-looking terminology such as "believes," "expects," "could," "may," "will," "should," "seeks," "likely," "intends," "plans," "pro forma," "projects," "estimates" or "anticipates" or the negative of these words and phrases or similar words or phrases that are predictions of or indicate future events or trends and that do not relate solely to historical matters. The Company has based forward-looking statements on management's current expectations and assumptions and not on historical facts. Examples of these statements include, but are not limited to, the Company's expectations regarding the closing of the sale and any benefits expected to be received from the sale, including the Company's expected net cash proceeds. Forward-looking statements depend on assumptions, data or methods that may be incorrect or imprecise, and the Company may not be able to realize them. The Company does not guarantee that the transaction or other events described herein will happen as described (or that they will happen at all). These forward-looking statements involve a number of risks and uncertainties. Among the important factors that could cause actual results to differ materially from those indicated in such forward-looking statements include risks related to the Company's ability to complete the transaction on the terms described herein or all, the satisfaction of the closing conditions, including the receipt of regulatory approvals, to which the completion of the transaction is subject, which could delay or prevent the completion of the transaction, the continued impact of the COVID-19 pandemic on the Company's business, the effects of economic conditions and market conditions in the markets in which the Company operates and competition with other destination travel locations throughout the United States and the world, the design, timing and costs of expansion projects, risks relating to international operations, permits, licenses, financings, approvals and other contingencies in connection with growth in new or existing jurisdictions and additional risks and uncertainties described in the Company's Form 10-K, Form 10-Q and Form 8-K reports (including all amendments to those reports). In providing forward-looking statements, the Company is not undertaking any duty or obligation to update these statements publicly as a result of new information, future events or otherwise, except as required by law. If the Company updates one or more forward-looking statements, no inference should be drawn that it will make additional updates with respect to those other forward-looking statements.
Non-GAAP Financial Measures
This press release includes Adjusted Property EBITDAR for Gold Strike Tunica, which is a "non-GAAP financial measure" as defined in Regulation G under the Securities Exchange Act of 1934, as amended. Schedules that reconcile the non-GAAP financial measure for 2019 to the most directly comparable financial measure calculated and presented in accordance with Generally Accepted Accounting Principles in the United States are available in the Company's earnings release, dated February 12, 2020, that was furnished with the SEC and is available on our website at www.mgmresorts.com. In addition, this press release includes a multiple based on average Adjusted Property EBITDA. Adjusted Property EBITDA is Adjusted Property EBITDAR less rent of $40 million. For a reconciliation of 2021 Adjusted Property EBITDAR to net income see footnote 1 to this press release.
MGM RESORTS CONTACTS
Investment Community:
ANDREW CHAPMAN, Director of Investor Relations
(702) 693-8711, achapman@mgmresorts.com
News Media:
BRIAN AHERN, Executive Director of Communications
media@mgmresorts.com
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SOURCE MGM Resorts International | https://www.wibw.com/prnewswire/2022/06/09/mgm-resorts-international-announces-agreement-sell-operations-gold-strike-tunica-450-million/ | 2022-06-09T21:24:27Z |
Massive amount of water found below Antarctica’s ice sheet for 1st time
By Katie Hunt, CNN
Hidden deep below the ice sheet that covers Antarctica, scientists have discovered a massive amount of water.
The groundwater system, found in deep sediments in West Antarctica likely to be the consistency of a wet sponge, reveals an unexplored part of the region and may have implications for how the frozen continent reacts to the climate crisis, according to new research.
“People have hypothesized that there could be deep groundwater in these sediments, but up to now, no one has done any detailed imaging,” said the study’s lead author, Chloe Gustafson, a postdoctoral researcher at the University of California San Diego’s Scripps Institution of Oceanography, in a news statement.
“Antarctica contains 57 meters (187 feet) of sea level rise potential, so we want to make sure we are incorporating all of the processes that control how ice flows off of the continent and into the oceans. Groundwater is currently a missing process in our models of ice flow,” she added via email.
The ice cap that covers Antarctica isn’t a rigid whole. Researchers in Antarctica have discovered in recent years hundreds of interconnected liquid lakes and rivers cradled within the ice itself. But this is the first time the presence of large amounts of liquid water in below-ice sediments has been found.
The authors of this study, which published in the journal Science on Thursday, concentrated on the 60-mile-wide (96.6-kilometer-wide) Whillans Ice Stream, one of a half-dozen streams feeding the Ross Ice Shelf, the world’s largest, at about the size of Canada’s Yukon Territory.
Gustafson and her colleagues spent six weeks in 2018 mapping the sediments beneath the ice. The research team used geophysical instruments placed directly on the surface to execute a technique called magnetotelluric imaging.
The technique can detect the differing degrees of electromagnetic energy conducted by ice, sediment, bedrock fresh water and salt water and create a map from these different sources of information.
“We imaged from the ice bed to about five kilometers (3.1 miles) and even deeper,” said coauthor Kerry Key, an associate professor of earth and environmental sciences at Columbia University, in a separate statement.
The researchers calculated that if they could squeeze the groundwater from the sediments in the 100 square kilometers (38.6 square miles) they mapped onto the surface, it would form a lake that ranged from 220 to 820 meters (722 to 2,690 feet) deep.
“The Empire State Building up to the antenna is about 420 meters (1,378 feet) tall,” Gustafson, who did the research as a graduate student at Columbia University’s Lamont-Doherty Earth Observatory, said in the statement.
“At the shallow end, our water would go up the Empire State Building about halfway. At the deepest end, it’s almost two Empire State Buildings stacked on top of each other. This is significant because subglacial lakes in this area are two to 15 meters (6.6 to 49 feet) deep. That’s like one to four stories of the Empire State Building.”
How did it get there?
The mapping revealed that the water got saltier with depth, which was a result of how the groundwater system formed.
Ocean water likely reached the area during a warm period 5,000 to 7,000 years ago, saturating the sediment with salty seawater. When the ice advanced, fresh meltwater produced by pressure from above and friction at the ice base was forced into the upper sediments. It probably continues to filter down and mix into the groundwater today, Key said.
The researchers said more work needed to be done understand the implications of the groundwater discovery, particularly in relation to climate crisis and rising sea levels.
It was possible that the slow draining of water from the ice into the sediment could prevent water from building up at the base of the ice — acting as a brake for the ice’s forward motion toward the sea.
However, if the surface ice cap were to thin, the reduction in pressure could allow this deep water to well up. This upward movement would lubricate the base of the ice and accelerate its flow.
“This finding highlights groundwater hydrology as a potentially critical piece in understanding the effect of water flow on Antarctic ice sheet dynamics,” Winnie Chu, an assistant professor at the Georgia Institute of Technology, wrote in a commentary on the research that was published in Science. She was not involved in the study.
The-CNN-Wire
™ & © 2022 Cable News Network, Inc., a WarnerMedia Company. All rights reserved. | https://localnews8.com/news/national-world/cnn-world/2022/05/05/a-vast-amount-of-water-has-been-discovered-hidden-beneath-antarctic-ice/ | 2022-05-06T02:22:23Z |
TORONTO, June 23, 2022 /PRNewswire/ - McLean & Company, one of the world's leading HR research firms, has unveiled key details about its upcoming two-day HR event, Signature 2022. Last held in 2019, Signature is the long-awaited conference for HR leaders seeking to build flourishing cultures and organizations in the new hybrid reality.
With the overarching theme of "Shaping Thriving Workplaces," nine highly anticipated keynotes, two panel discussions, five rapid-fire sessions, and two peer-to-peer roundtables will focus on the four major trends identified in the firm's 2022 HR Trends Report. These include:
- Recruitment & Retention
- The New World of Work
- DEI After the Tipping Point
- Skills in the Age of Change
Aligning with these current trends in the HR industry, event organizers have announced a non-exhaustive list of impressive speakers for Signature 2022. Along with David Usher, founder of Reimagine AI and frontman of beloved Canadian rock band Moist, delivering his exclusive keynote Creative Thinking: The Power to Navigate Disruption, Signature attendees can look forward to the following top 10 talks and events from well-known industry experts:
- Tchernavia Rocker, Chief People and Administrative Officer at Under Armour, will help kick off the event with her dynamic keynote Leading With Purpose Through Crisis, Geopolitics, Culture Wars, and the Unknown – Shaped by Fire, examining the critical efforts of HR leaders in a working world riddled with complex external challenges.
- As employee burnout continues to plague industries far and wide, its resolution too often falls on the individual. Kelly Berte, Director, HR Research & Advisory Services at McLean & Company, will deliver the timely and relevant keynote Escape the Burnout Cycle: Thinking and Acting Differently as an Organization, inspired by the latest burnout research from McLean & Company.
- On the notable topic of culture, Michele Campion, Chief Human Resources Officer (CHRO), ESAB, will explore best practices in creating an impactful and intentional culture in her keynote session, Shaping a Culture Through Purpose and Values.
- The current era of work demands real commitment and care from HR professionals. Phil Dana, CHRO, AskBio, will investigate the gritty details of HR work with his talk "In the Trenches" With a Current CHRO – Phil Dana @ AskBio.
- A strong, vibrant, and inclusive culture is more important now than ever before, which has sparked insights from Stephen Childs, CHRO for Panasonic Automotive, on culture creation and management from a leadership ownership perspective in the Cultivating a Culture of Belonging From the Top Down keynote.
- Janet Clarey, Director, HR Research & Advisory Services at McLean & Company, will highlight how an internal talent marketplace has the potential to fundamentally change how an organization of any size grows and moves talent to simultaneously meet employee needs and strategic priorities in the must-hear keynote Creating Your Internal Talent Marketplace: It's Not Just a New Piece of HR Technology.
- Katrona Tyrrell, Senior Vice President of Human Resources at Orangetheory Fitness, will advocate for a strong organizational core in her keynote Orangetheory's Focus on Building Core Strength Through Job Architecture and Compensation Philosophy.
- Attracting and retaining talent are top considerations for many HR professionals today. Gloria Pakravan, Senior Director, Talent Management at University Health Network, will talk talent acquisition and retention within budget constraints in Engaging & Retaining Talent When Financial Incentives Aren't an Option: The UHN Journey.
- Hybrid work has become the new normal for many industries. While it brings opportunities for improved work-life balance, it also presents unique challenges for workplace culture. To address these challenges, LynnAnn Brewer, Director, HR Research & Advisory Services at McLean & Company, will lead the CHRO Panel Discussion: Managing Culture Proactively in Hybrid Environments with panelists Melkeya McDuffie, CHRO for Clean Harbors; Jenn Bouyoukos, Chief Talent & Culture Officer at Yorkville University Toronto Film School; and Kelly-Ann Cordner, CHRO for SMS Equipment Inc.
- Allyship requires real action and intention and plays a crucial role in today's workplace. Cinnamon Clark, Practice Lead, Diversity, Equity & Inclusion Services at McLean & Company, will guide panelists Heather Hardinger, System Director, DEI / Chief Diversity Officer at CoxHealth; Delphia Howze, Chief Inclusion Strategy Officer for the University of Tennessee System; and Patricia Lacey, Talent and Leadership Development Manager/DEI Lead, Red Stripe, a Heineken company, through their insights on allyship in the CDO Panel Discussion: Allies – Where Are You?
Jennifer Rozon, Division President of McLean & Company, shares the following insight on the return of Signature:
"Our dynamic lineup of keynote speakers exemplifies the diversity of today's modern hybrid workplace and the crucial role HR plays across every organization. The no-sponsor policy of this year's event will provide a safe and authentic environment for HR leaders to connect, network, and gain insight from the practical tools and resources they need to excel in the rapidly changing world of work."
The in-person conference will take place from September 20th to 21st, 2022, at the Westin Harbour Castle in Toronto, Ontario, Canada. View the full conference agenda here.
Register for Signature 2022 here.
To learn more about McLean & Company or to download all the latest research, visit hr.mcleanco.com and connect via LinkedIn and Twitter.
About McLean & Company
Through data-driven insights and proven best-practice methodologies, McLean & Company offers comprehensive resources and full-service assessments, action plans, and training to position organizations to meet today's needs and prepare for the future.
McLean & Company is a division of Info-Tech Research Group.
Media professionals are encouraged to register for McLean & Company's Media Insiders program for more research and insights. This program provides unrestricted, on-demand access to HR, IT, and software industry content, as well as subject matter experts from a group of over 200 research analysts. To apply for access, contact pr@mcleanco.com.
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SOURCE McLean & Company | https://www.mysuncoast.com/prnewswire/2022/06/23/david-usher-deliver-exclusive-keynote-signature-annual-hr-industry-event-mclean-amp-company-with-keynotes-under-armour-panasonic-amp-more/ | 2022-06-23T18:59:16Z |
National publication highlights legal 'heroes' who seek justice for consumers
DALLAS, May 3, 2022 /PRNewswire/ -- Veteran trial lawyer Majed Nachawati has been named among the Lawdragon 500 Leading Plaintiff Consumer Lawyers for 2022.
The national honor places Mr. Nachawati among the best trial lawyers in the country and highlights his leadership in high-profile multidistrict litigation. Mr. Nachawati represents individuals and public entities harmed by dangerous products, chemicals, highly addictive prescription opioids and the 2021 Texas winter storm blackout.
This year's honorees are described by Lawdragon CEO Katrina Dewey as "heroes" who "relish their role of underdog, taking on the toughest cases and typically only getting paid if they win."
"These are the lawyers who stand on the front line in individual lawsuits and class actions seeking justice," said Ms. Dewey.
Mr. Nachawati has forged a reputation for spearheading aggressive legal strategies in complex multidistrict litigation. His team recently secured a closely watched appellate ruling for the cities of Santa Fe and Albuquerque, N.M., in ongoing litigation against manufacturers, distributors and retailers of addictive prescription opioids.
He has been an outspoken watchdog over Bayer/Monsanto's treatment of patients with non-Hodgkins lymphoma, developed after using the Roundup herbicide. And he has battled Johnson & Johnson's extreme move to declare bankruptcy to shed legal liabilities to women who developed ovarian cancer after using J&J's talcum powder products.
"Being a true advocate in these cases often means taking a stand and going the extra mile in a legal fight," Mr. Nachawati said. "I'm proud of the work we do in this arena, and I'm thrilled that our hard work has not gone unnoticed."
The Lawdragon 500 guide, which is published annually, relies on editorial evaluations, peer and client nominations, and independent third-party research to recognize the nation's most accomplished attorneys in various practice areas. For a complete list of Lawdragon's 500 Leading Plaintiff Consumer Lawyers for 2022, click here.
Mr. Nachawati represents individuals in mass-tort litigation, businesses and governmental entities in contingent litigation and individual victims in complex personal injury litigation. The Fears Nachawati law firm is one of the largest and most diverse products liability law firms in the nation. The firm is ranked No. 1 nationally in products liability filings in federal court over the past three years, according to Lex Machina. For more information visit https://www.fnlawfirm.com.
Media Contact:
Robert Tharp
800-559-4534
Robert@androvett.com
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SOURCE Fears Nachawati Law Firm | https://www.wibw.com/prnewswire/2022/05/03/trial-lawyer-majed-nachawati-named-lawdragon-list-500-leading-plaintiff-consumer-lawyers/ | 2022-05-04T02:19:15Z |
LONDON, July 20, 2022 /PRNewswire/ -- International Game Technology PLC (NYSE: IGT) ("IGT") announced today that it reinforced its global lottery industry leadership by being named Lottery Supplier of the Year at the 2022 SBC Awards North America last week in New York.
"As the leader in global lottery for more than 40 years, winning 'Lottery Supplier of the Year' is a testament to IGT's pioneering values and commitment to providing best-in-class solutions that drive sales growth for our customers while maximizing contributions to good causes," said Jay Gendron, IGT Chief Operating Officer, Global Lottery. "Our employees remain dedicated to furthering innovation at IGT as more lotteries are seeking iLottery solutions to enhance gameplay options and deliver the most engaging content to their players."
IGT is the trusted partner to the world's most successful lotteries and powers the fastest growing ilottery sales in the U.S. In 2021, IGT debuted its iLottery Showcase portal to support current and prospective customers with features such as eInstants, game assets, and case studies in one convenient, secure website. IGT also delivers a seamless omnichannel experience with its standardized APIs and native integration with retail central systems that enable lotteries to offer the same games they sell at retail in a digital format.
The 2022 SBC Awards North America was held in conjunction with the 2022 SBC Summit North America and recognized the achievements of operators, affiliates and suppliers from all the major digital and sports betting disciplines including payments, marketing, platform providers and data.
For more information, visit IGT.com and follow us on Facebook and LinkedIn.
About IGT
IGT (NYSE:IGT) is a global leader in gaming. We deliver entertaining and responsible gaming experiences for players across all channels and regulated segments, from Lotteries and Gaming Machines to Sports Betting and Digital. Leveraging a wealth of compelling content, substantial investment in innovation, player insights, operational expertise, and leading-edge technology, our solutions deliver unrivaled gaming experiences that engage players and drive growth. We have a well-established local presence and relationships with governments and regulators in more than 100 countries around the world, and create value by adhering to the highest standards of service, integrity, and responsibility. IGT has approximately 10,500 employees. For more information, please visit www.igt.com.
Contact:
Phil O'Shaughnessy, Global Communications, toll free in U.S./Canada +1 (844) IGT-7452; outside U.S./Canada +1 (401) 392-7452
Francesco Luti, Italian media inquiries, +39 06 5189 9184
James Hurley, Investor Relations, +1 (401) 392-7190
© 2022 IGT
The trademarks and/or service marks used herein are either trademarks or registered trademarks of IGT, its affiliates or its licensors.
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SOURCE International Game Technology PLC | https://www.wibw.com/prnewswire/2022/07/20/igt-reinforces-industry-leadership-with-lottery-supplier-year-win-2022-sbc-awards-north-america/ | 2022-07-20T10:58:30Z |
MCAT announces changes in two popular routes starting Saturday
MANATEE COUNTY, Fla. (WWSB) - Manatee County Area Transit will make several changes to its fixed-route bus service beginning Saturday, June 11. The changes will enhance transit service along several important corridors and provide more appealing transportation options for commuters in Manatee County.
Route 99, which connects Manatee and Sarasota counties, will continue to operate every 20 minutes between 5-9 a.m. and 3-7 p.m. There are some minor adjustments to the schedule to create some northbound trips to downtown Bradenton after 8 p.m.
Route 3, which serves Manatee Avenue between downtown Bradenton and the Manatee County Public Beach, will also see minor changes. Eastbound trips to Walmart on State Road 64 have been added, leaving from the downtown station at 7:15 p.m. and 8:40 p.m.
All changes to MCAT route schedules will be available for pick-up on each bus and online at mymanatee.org/MCAT.
Copyright 2022 WWSB. All rights reserved. | https://www.mysuncoast.com/2022/06/10/mcat-announces-changes-two-popular-routes-starting-saturday/ | 2022-06-10T19:41:49Z |
Ukrainian official warns of ‘catastrophe’ in captured city
POKROVSK, Ukraine (AP) — A Ukrainian regional official warned Friday of deteriorating living conditions in a city captured by Russian forces two weeks ago, saying Sievierodonetsk is without water, power or a working sewage system while the bodies of the dead decompose in hot apartment buildings.
Gov. Serhiy Haidai said the the Russians were unleashing indiscriminate artillery barrages as they try to secure their gains in eastern Ukraine’s Luhansk province. Moscow this week claimed full control of Luhansk, but the governor and other Ukrainian officials said their troops retained a small part of the province.
“Luhansk hasn’t been fully captured even though the Russians have engaged all their arsenal to achieve that goal,” Haidai told The Associated Press. “Fierce battles are going on in several villages on the region’s border. The Russians are relying on tanks and artillery to advance, leaving scorched earth.”
Russia’s forces “strike every building that they think could be a fortified position,” he said. “They aren’t stopped by the fact that civilians are left there and they die in their homes and courtyards. They keep firing.”
Occupied Sievierodonetsk, meanwhile, “is on the verge of a humanitarian catastrophe,” the governor wrote on social media. “The Russians have completely destroyed all the critical infrastructure, and they are unable to repair anything.”
Luhansk is one of two provinces that make up the Donbas, a region of mines and factories where pro-Moscow separatists have fought Ukraine’s army for eight years and declared independent republics that Russian President Vladimir Putin recognized before he sent troops into Ukraine.
After asserting full control of Luhansk, Putin said Russian forces would have a chance to rest and recoup, but other parts of eastern Ukraine have come under sustained bombardment. The Russian leader warned Kyiv it should quickly accept Moscow’s terms or brace for the worst.
“Everybody should know that largely speaking, we haven’t even yet started anything in earnest,” Putin said while speaking with leaders of the Kremlin-controlled parliament Thursday.
Ukraine’s presidential office said Friday that at least 12 civilians were killed and another 30 wounded by Russian shelling over the last 24 hours. Two cities in Donetsk — the other Donbas province — experienced the heaviest barrage, with six people killed and 21 wounded.
In northeast Ukraine, another four people were killed and nine were wounded in Kharkiv, the country’s second-largest city, where Russian shelling hit residential areas.
Commenting on Putin’s ominous statement, Kremlin spokesman Dmitry Peskov said the Russian leader was reacting to statements by Ukraine’s government and its Western allies about defeating Russia on the battlefield.
“Russia’s potential is so big that just a small part of it has been used in the special military operation,” " Peskov told reporters Friday. “And so Western statements are utterly absurd and just add to the grief of the Ukrainian people.”
In other developments:
— Germany’s parliament overwhelmingly approved Sweden and Finland’s requests to join NATO. German Defense Minister Christine Lambrecht said the two countries’ accession would greatly strengthen NATO’s northern and eastern flanks, noting their strong naval forces in the Baltic Sea and their land forces that know the region bordering Russia well. She suggested that Putin’s efforts to divide and destroy NATO had failed. “He bet on our weakness,” she said. “Now he gets the opposite.” All 30 member countries must agree before the Western military alliance can admit Finland and Sweden.
___
Murru reported from Kyiv, Ukraine. Associated Press journalists from around Europe contributed to this report.
___
Follow AP’s coverage of the Russia-Ukraine war at https://apnews.com/hub/russia-ukraine
Copyright 2022 The Associated Press. All rights reserved. | https://www.mysuncoast.com/2022/07/08/ukrainian-official-warns-catastrophe-captured-city/ | 2022-07-08T11:17:51Z |
The DRIPBaR Signs Franchise Development Deals with over 100 Additional Florida Locations
WRENTHAM, Mass., May 16, 2022 /PRNewswire/ -- Looking to change the way people perceive intravenous IV therapy and turn cellular health into a lifestyle, The DRIPBaR, an IV nutrient therapy franchise growing expeditiously across America, is serving up vitamins via IV. The franchise has experienced tremendous growth throughout the nation, including the Sunshine State. The DRIPBaR is excited to announce that they have signed talented and driven area representatives who plan to expand the brand to over 100 new locations in Florida.
"Now more than ever, people are starting to recognize the power of intravenous therapies to maintain their best health and are seeking new ways to complement conventional treatment options," said DRIPBaR CEO, Ben Crosbie. "This has always been the mission of The DRIPBaR and I can't wait to see the continued growth throughout the country and provide our services to people in need."
The brand currently has six locations open within Florida, located in Jacksonville, St. Johns, Tampa, Orlando, Melbourne, and Fort Lauderdale. The continued expansion of the franchise comes at a time when the public is more cautious about their health and more invested in finding ways to stay healthy. The DRIPBaR is expected to open as many as 50 locations in 2022 in areas across the country with nearly 450 in various stages of development.
"People of all ages are wanting to discover their best cellular health. The DRIPBaR is allowing franchisees and customers to see the best way to invest in an industry that is only going to keep growing," said Chief Development Officer Candace Byrnes. "We are tremendously grateful for the growth The DRIPBaR has seen this past year and are so excited to be able to open more locations across the country."
Each DRIPBaR location offers 20 IV Lifestyle or Health Support drips including the Jet Setter, Time Machine, Restoration, Flu Fighter, and High C. All IV drips are handled by registered nurses under the guidance of a licensed medical director. For those who don't have time for a full IV vitamin infusion but are looking for the benefit, The DRIPBaR can give your body a boost in just five minutes with one of its five IM Quick Shots. IV therapy provides positive nourishment for conditions such as the common cold, headaches, cancer, and chronic illness and even helps slow the signs of aging.
Including a franchise fee of $55,000, the initial investment to open a 1,000 - 1,500 square foot location is around $136,500 to $338,300. The DRIPBaR is proud to offer first responder and Military discounts. For more information about the franchise opportunity, visit www.thedripbar.com/own-a-dripbar.
Founded in 2016 and franchising since late 2019, The DRIPBaR is a franchise focused on helping people obtain their best physical and mental health using intravenous therapies. Through advances in cellular and biological science, The DRIPBaR helps clients fight the consequences of chronic illness, address the effects of aging, and achieve balanced wellness. With 21 locations currently open and operating, The DRIPBaR already has over 450 additional locations in various stages of development across 28 states. For more information, visit www.thedripbar.com.
# # #
Contact: Hunter Devereux, Franchise Elevator PR, (914) 486-0330, hdevereux@franchiseelevator.com
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SOURCE THE DRIPBaR | https://www.mysuncoast.com/prnewswire/2022/05/16/iv-therapy-franchise-extends-presence-throughout-florida/ | 2022-05-16T23:17:15Z |
Pressure Mounts on Oil Giant After CBIS Proposal Garners Majority of Votes
CHICAGO, May 27, 2022 /PRNewswire/ -- Christian Brothers Investment Services, Inc. (CBIS), a leading Catholic, socially responsible investment management firm and Registered Investment Advisor to Catholic investors around the world, has reported that a shareholder proposal urging ExxonMobil (NYSE: XOM) to quantify the potential effect on its business of global action to address climate change garnered a majority shareholder vote at Exxon's annual meeting.
The proposal, filed by a coalition of two dozen faith-based and socially responsible investors led by CBIS, urged ExxonMobil to issue an audited report assessing the impact of the International Energy Agency's Net Zero 2050 Scenario (IEA NZE) on the assumptions, costs, estimates, and valuations underlying its financial statements.
According to John Geissinger, CBIS' Chief Investment Officer, the scenario described in the proposal addresses the shifts in public policy and consumer demand that would accompany the limiting of global temperature rise to 1.5 degrees -- the level scientists indicate cannot be breached if the most catastrophic effects of climate change are to be avoided.
"The company must face the reality that nations worldwide are committing to reduce carbon emissions to net zero by 2050, and it needs to quantify for investors the potential effects in its financial statements," says Geissinger. "The generalities that ExxonMobil has been providing regarding how the company might manage its assets or shift investments in a Net-Zero analysis are no longer sufficient. We're pleased with the results of the proposal as it demonstrates to Exxon that the shareholders want additional transparency into this critical issue."
"The CBIS Resolution Committee, comprised of members of CBIS' leadership, views this proposal as strategically in line with the Pope's call for progressive transformation to a low-carbon economy. We tactically built on the momentum after the near majority vote on a similar resolution in 2021," says Jeff McCroy, President & Chief Executive Officer of CBIS. "In keeping with Catholic teaching, we see shareholder advocacy around the potentially catastrophic effects of climate change as our duty."
McCroy continued, "CBIS' continued investment in Exxon has enabled CBIS to pursue the work of the De La Salle Christian Brothers and the CBIS mission, including Laudato Sí: On Care for our Common Home. Divestment, although a simpler path, removes the ability to make impactful changes as an engaged shareholder."
Independent analysis by the Carbon Tracker Initiative has detailed the lack of quantification in the company's disclosures regarding the effect of the scenario's assumptions on Exxon's current business model or financial results.
CBIS' Proxy Exempt Solicitation highlights the gap between the company's disclosures and the shareholder request. Reflecting the importance of the issue, this resolution was among the few proposals flagged for consideration by influential investor network Climate Action 100+, and was supported by proxy advisors ISS and Glass Lewis for the second straight year.
"The IEA NZE anticipates that as governments around the world make and implement Net-Zero commitments, demand for oil and gas may radically fall," says Geissinger. "Many of Exxon's peers are already providing quantitative disclosure of the potential impacts of Net-Zero on their revenues, assets, and liabilities. It's clear that most of Exxon's shareholders believe their company must take the same step."
For more information on the ExxonMobil resolution and CBIS' other corporate engagements, please visit cbisonline.com. To hear CIO John Geissinger's remarks at the Exxon Shareholder Meeting, click here.
CBIS is an SEC-registered investment advisory firm amplifying the power of Catholic investors to transform the world. Responsible for more than $10 billion in assets under management, Chicago-based CBIS works with Catholic investors to develop socially responsible investment strategies and solutions that uphold Catholic beliefs and values without sacrificing returns for investors, often taking an engaged ownership role to command change in its investments. Founded in 1981 by the De La Salle Christian Brothers, CBIS engages third-party institutional investment firms to actively sub-advise its portfolios. For more information, visit cbisonline.com, or call 877-550-2247.
Contact:
Sarah McClain
312-803-4721
smcclain@cbisonline.com
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SOURCE CBIS | https://www.mysuncoast.com/prnewswire/2022/05/27/majority-exxonmobil-shareholders-reaffirm-need-company-account-climate-risk/ | 2022-05-27T19:48:03Z |
Biden tells Democratic donors “we need two more senators”
LOS ANGELES (AP) — In a pair of fundraisers on Friday, President Joe Biden urged Democratic donors to send him reinforcements on Capitol Hill to keep Republicans out of power and help dislodge his agenda from the current gridlock.
“We need two more senators,” Biden said at the second fundraiser, a reference to Sens. Kyrsten Sinema of Arizona and Joe Manchin of West Virginia, two members of the Democratic caucus that he’s struggled to win over.
Without naming either of them, he said they’re “slowing up what we’re able to do.”
It will be difficult for Democrats to pick up any seats in this year’s midterm elections, and Republicans are poised to retake control of Congress.
But Biden described himself as an optimist as he urged donors to continue opening their wallets to support his party. Each fundraiser raised about $2.5 million, according to a Democratic National Committee official.
The first was intimate, with a couple dozen attendees. It was held on the back patio of the home of Andrew Hauptman, a private investor. Jeffrey Katzenberg, the Hollywood producer, was also there.
The second fundraiser was at the Muholland Drive estate of Haim Saban, an entertainment mogul. Scores of donors sat under a tent that was pitched on the property’s tennis court.
During the fundraiser there, Biden touted the economic progress under his watch but conceded that prices will likely continue to rise.
“We’re going to live with this inflation for a while,” he said. It’s going to come down gradually, but we’re going to live with it for a while.”
Biden also spoke emotionally about the toll of two recent gun massacres, in Uvalde, Texas, and Buffalo, New York.
He mocked the idea that teachers should be armed, noting how long it takes to train a soldier to use a firearm.
Pantomiming a pistol with his fingers, he said, “It’s not easy to pick up a rifle or a gun and blow somebody’s brains out.”
At the first fundraiser, first lady Jill Biden spoke before the president.
“He is working as hard as he can,” she said. “We are moving in the right direction.”
Biden spoke about rallying allies to support Ukraine, recalling how some people doubted U.S. intelligence about Russia’s pending invasion.
“Zelenskyy didn’t want to hear it,” he said in a reference to Ukrainian President Volodymyr Zelenskyy.
Biden also appeared raw over some of the media coverage of the Summit of the Americas, which was held this week in Los Angeles. Many stories focused on how some Latin American leaders, notably the Mexican president, boycotted the summit, and others who attended gave speeches criticizing how the U.S. handled the event.
Speaking of the press, Biden said, “I wish they would go back and interview all the heads of state,” insisting that “there was overwhelming, overwhelming support” for working together.
Copyright 2022 The Associated Press. All rights reserved. | https://www.kxii.com/2022/06/11/biden-tells-democratic-donors-we-need-two-more-senators/ | 2022-06-11T05:33:32Z |
Rivermont, A New Story School, and Your Life ABA are part of the New Story family of schools and clinics, a leading provider of special and alternative education and mental health services.
NORTHERN NECK, Va., Aug. 17, 2022 /PRNewswire/ -- Today, Rivermont, A New Story School (Rivermont), and Your Life ABA are proud to announce the opening of a new campus, housing both a school and clinic, serving children and young adults with autism spectrum disorder and other complex challenges.
The new school and clinic opening in the community is the result of a three-year partnership between clinical and school leadership and Northern Neck community and district members to bring much-needed services to the area. The 11,000-square-foot campus housing both the clinic and school allows families to receive the critical services they need when they need them.
The campus boasts purpose-built, student-centered spaces, including a sensory room, playground, and life skills apartment. School programming includes traditional academic coursework along with transition programming, individual and group counseling, and therapeutic academic and behavioral support, providing an authentic school experience with more support for grades K-12. The new school is the 14th Rivermont school providing special education services to families in Virginia.
The Your Life ABA clinic offers therapeutic and clinical services for clients three-years-old and above, with a specific focus on Applied Behavior Analysis (ABA) therapy. Located in the same building as the school, the Your Life ABA clinic provides after-school clinics, daytime home-based therapy, and telehealth options, providing families with a variety of options that best suit their needs and personal situation. The new clinic opening marks the seventh location in Virginia.
"We have a 35-year history of providing special education services in Virginia, and I am thrilled that our school and clinic in Northern Neck will provide end-to-end support services so that each child and young adult we serve has opportunities for lifelong success," said Beth Ackerman, Senior Vice President of Operations for Rivermont and Your Life ABA. "I'm proud that after many years of working alongside the school, community, and government leaders, we can officially open our doors to families in Northern Neck, and I look forward to the incredible outcomes our children and young adults will achieve."
For more information, check out New Story's website. For more updates, follow New Story on Facebook and Instagram.
Rivermont, A New Story School, and Your Life ABA are part of the New Story family of schools and clinics, a leading provider of special and alternative education and mental health services for children and young adults with serious and complex challenges. The New Story family of schools and clinics serves families across Massachusetts, New Jersey, Ohio, Pennsylvania, and Virginia. For more information, visit www.newstory.com.
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SOURCE New Story | https://www.mysuncoast.com/prnewswire/2022/08/17/children-young-adults-with-complex-behavioral-challenges-autism-spectrum-disorder-have-new-school-clinic-options-northern-neck/ | 2022-08-17T15:18:59Z |
Average US gasoline price falls 45 cents to $4.10 per gallon
CAMARILLO, Calif. (AP) — The average U.S. price of regular-grade gasoline plummeted 45 cents over the past two weeks to $4.10 per gallon.
Industry analyst Trilby Lundberg of the Lundberg Survey said Sunday that the continued decline comes as crude oil costs also remain low.
“The drop of a dollar per gallon has not been enough to restore motorist demand, which is in retreat due to sustained high price levels,” Lundberg said in a statement.
The average price at the pump is down a dollar over the past nine weeks, but it’s 85 cents higher than it was one year ago.
Nationwide, the highest average price for regular-grade gas was in the San Francisco Bay Area, at $5.36 per gallon. The lowest average was in Baton Rouge, Louisiana, at $3.38 per gallon.
According to the survey, the average price of diesel plunged 37 cents over three weeks to $5.17 a gallon.
Copyright 2022 The Associated Press. All rights reserved. | https://www.wibw.com/2022/08/14/average-us-gasoline-price-falls-45-cents-410-per-gallon/ | 2022-08-14T18:25:08Z |
CHICAGO, June 27, 2022 /PRNewswire/ -- Under the leadership of House Speaker "Emanuel" Chris Welch, Democrats for the Illinois House has developed the strongest fundraising arm with the banner of working for the people. Today, the caucus of House Democrats, released their official promo for their upcoming fundraiser Build Up Blue 2022 urging voters to keep Illinois moving forward.
"In recent years Illinois has become a Democratic haven in the midst of increasingly extremist Republican states," said Democratic Party of Illinois Chairwoman Robin Kelly. "We cannot and will not allow our state to join the race to the bottom. Working together, we must defend our Democratic supermajorities this November, including our fantastic House Democrats, and continue to deliver real results for the people of Illinois."
Build Up Blue 2022 will be held at the Fremont in Chicago [15 W Illinois Street, Chicago, IL 60654] on July 21st from 5:00 pm-7:30 pm. Invitees include legislators, union members, advocacy groups, and voters who share a united vision for a government that works for the people of Illinois.
"What we have been able to accomplish in the House has been unprecedented," said Speaker Welch, who has led the house in passing a balanced budget, supporting women's rights, and achieving six credit upgrades all while providing economic relief for families. "You hear these people saying they want to take us back. Back to what? The verge of ruin? Democrats in the Illinois House say we won't go back. We need everyone to vote with their time, vote with their pocketbooks, and let's keep Illinois moving forward."
The official promotion can be seen here. Tickets for Build Up Blue 2022 are on sale now. DIH is currently seeking sponsors and event partners to help make the fundraiser and Democratic efforts a success. The event is closed to the press, but open to the public with pre-purchased tickets. Visit DemsforILHouse.com or contact 708.938.5787 to get your tickets today.
About Democrats for the Illinois House: Democrats for the Illinois House is the official political arm of the Illinois House Democratic Caucus. We support Democrats for the Illinois House in fighting for equality, justice, and opportunity for all. Under the leadership of House Speaker Emanuel "Chris" Welch, Democrats for Illinois House (DIH) is dedicated to promoting the excellent work of the caucus, protecting incumbents, winning competitive races, and serving Illinoisans with integrity. The Illinois House Democratic Caucus is one of the most diverse in the nation representing African-American (22), Latinx (10), Asian American (4), Women (39) and LGBTQ+ (4) members. DIH is committed to creating an environment across the state that is inclusive and welcoming to all people.
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SOURCE Democrats for the Illinois House | https://www.mysuncoast.com/prnewswire/2022/06/27/democrats-illinois-house-release-build-up-blue-2022-promo/ | 2022-06-27T11:31:04Z |
- Extraordinary General Meeting of BAC's shareholders postponed until a to-be-determined later date
NEW YORK and SOUTH SAN FRANCISCO, Calif., June 2, 2022 /PRNewswire/ -- Biotech Acquisition Company (NASDAQ: BIOT) ("BAC"), a publicly traded special purpose acquisition company affiliated with SPRIM Global Investments, and Blade Therapeutics, Inc. ("Blade"), a biopharmaceutical company based in South San Francisco, Calif., today announced the postponement of BAC's extraordinary general meeting of shareholders (the "Extraordinary Meeting") originally scheduled to be held on June 3, 2022. The Extraordinary Meeting has been postponed until a to-be determined later date. Once the new date of the Extraordinary Meeting has been determined, a notice setting forth the date, time and location for the Extraordinary Meeting will be distributed to the shareholders of BAC.
The Extraordinary Meeting will be held to vote on the proposals described in BAC's definitive proxy statement, filed with the Securities and Exchange Commission (the "SEC") on May 9, 2022, as supplemented by a Prospectus Supplement dated May 23, 2022 relating to the previously announced proposed business combination with Blade.
The record date for the determination of shareholders entitled to vote at the Extraordinary Meeting, including all adjournments thereof, remains March 28, 2022. The BAC Board of Directors continues to recommend that shareholders vote in favor of the proposals.
As of the date of this press release, a sufficient number of BAC's shareholders have voted to approve the proposed business combination. The postponement of the Extraordinary Meeting is intended to permit more time to satisfy all conditions necessary to effect the closing of the proposed Business Combination.
BAC shareholders who have any questions or who need assistance voting their shares may contact BAC's proxy solicitor, Morrow Sodali LLC, by calling (800) 662-5200 (or banks and brokers can call collect at (203) 658-9400) or by emailing biot.info@investor.morrowsodali.com.
Biotech Acquisition Company raised $230 million in its initial public offering in January 2021. The Class A ordinary shares and warrants of BAC trade on the Nasdaq Capital Market under the symbols "BIOT" and "BIOTW," respectively. BAC is a blank check company, incorporated as a Cayman Islands exempted company, formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or other similar business combination with one or more businesses. BAC believes that a business combination with a company focused on the healthcare sector will complement the background and expertise of SPRIM Global Investments, a global investment firm in the life sciences and healthcare industries, which is an affiliate of BAC and of several members of the management team behind BAC. BAC is led by Dr. Michael Shleifer, its CEO and chairman.
Blade Therapeutics, Inc. is a biopharmaceutical company focused on developing cutting-edge treatments for debilitating, incurable fibrotic and neurodegenerative diseases that impact millions of people worldwide. The company has deep expertise in novel biological pathways – including autotaxin / LPA and calpain biology – that are foundational to cell- and tissue-damage responses resulting from protein deposition or aggregation associated with fibrotic and neurodegenerative diseases. Blade expects to advance a differentiated pipeline of oral, small-molecule therapies that include a non-competitive autotaxin inhibitor and inhibitors of dimeric calpains designed for potential treatment of lung, liver and cardiac fibrosis or neurodegenerative diseases. The company's focused approach offers the potential to produce disease-modifying, life-saving therapies. Visit www.blademed.com for more information and follow Blade on LinkedIn.
This press release relates to a proposed business combination between BAC and Blade (the "Transaction"). This press release does not constitute an offer to sell or exchange, or the solicitation of an offer to buy or exchange, any securities, nor shall there be any sale of securities in any jurisdiction in which such offer, sale or exchange would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. In connection with the Transaction, BAC has publicly filed a registration statement on Form S-4 with the U.S. Securities and Exchange Commission (the "SEC"), which includes a preliminary proxy statement/prospectus. The registration statement has been declared effective by the SEC on May 9, 2022, and BAC has mailed the definitive proxy statement/prospectus, dated May 9, 2022 and a proxy card to each shareholder of BAC as of the March 28, 2022 record date for the meeting of BAC shareholders. On May 23, 2022, BAC issued a Prospectus Supplement. Investors are urged to read these materials (including any amendments or supplements thereto), and any other relevant documents that BAC has filed or will file with the SEC, when they become available, because they do or will contain important information about BAC, Blade and the Transaction. The preliminary proxy statement/prospectus, the definitive proxy statement/prospectus, as supplemented, and other relevant materials in connection with the Transaction, and any other documents filed by BAC with the SEC, may be obtained free of charge on the SEC's website (www.sec.gov). The documents filed by BAC with the SEC may also be obtained free of charge upon written request to Biotech Acquisition Company, 545 West 25th Street, 20th Floor, New York, NY 10001.
BAC and its directors and executive officers may be deemed participants in the solicitation of proxies from BAC's shareholders with respect to the Transaction and related matters. Information about BAC's directors and executive officers and a description of their interests in BAC and the Transaction is included in the proxy statement/prospectus for the Transaction which is available free of charge at the SEC's website (www.sec.gov).
Blade and its directors and executive officers may also be deemed to be participants in the solicitation of proxies from the shareholders of BAC in connection with the Transaction. Information about Blade's directors and executive officers and information regarding their interests in the Transaction is included in the proxy statement/prospectus for the Transaction which can be obtained free of charge as described in the preceding paragraph.
This press release is not a proxy statement or solicitation of a proxy, consent or authorization with respect to any securities or in respect of the Transaction and does not constitute an offer to sell or a solicitation of an offer to buy, or a recommendation to purchase, any securities, nor shall there be any sale of any securities in any state or jurisdiction in which such offer, solicitation, purchase or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. No offering of securities will be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act, or an exemption therefrom.
Certain statements included in this press release that are not historical facts but rather are forward-looking statements. Forward-looking statements generally are accompanied by words such as "believe," "may," "will," "estimate," "continue," "anticipate," "intend," "expect," "should," "would," "plan," "future," "outlook," and similar expressions that predict or indicate future events or trends or that are not statements of historical matters, but the absence of these words does not mean that a statement is not forward-looking. These forward-looking statements include, but are not limited to, statements regarding estimates and forecasts of other performance metrics and projections of market opportunity. These statements are based on various assumptions, whether or not identified in this press release, and on the current expectations of BAC's and Target's respective management and are not predictions of actual performance. These forward-looking statements are provided for illustrative purposes only and are not intended to serve as, and must not be relied on by any investor as, a guarantee, an assurance, a prediction or a definitive statement of fact or probability. Actual events and circumstances are difficult or impossible to predict and will differ from assumptions. Many actual events and circumstances are beyond the control of BAC and the Target. Some important factors that could cause actual results to differ materially from those in any forward-looking statements could include changes in domestic and foreign business, market, financial, political and legal conditions. These forward-looking statements are subject to a number of risks and uncertainties, including, the inability of the parties to successfully or timely consummate the Transaction, including the risk that any required regulatory approvals are not obtained, are delayed or are subject to unanticipated conditions that could adversely affect the combined entity or the expected benefits of the Transaction, if not obtained; the failure to realize the anticipated benefits of the Transaction; matters discovered by the parties as they complete their respective due diligence investigation of the other parties; the ability of BAC prior to the Transaction, and the combined entity following the Transaction, to maintain the listing of the Company's shares on Nasdaq; costs related to the Transaction; future financial performance of the Company following the Transaction; the ability of the Company to forecast and maintain an adequate rate of revenue growth and appropriately plan its expenses; expectations regarding future expenditures of the Company following the Transaction; the future mix of revenue and effect on gross margins of the Company following the Transaction; the Company's ability to execute its business plans and strategy; the failure to satisfy the conditions to the consummation of the Transaction, including the approval of the definitive merger agreement by the shareholders of BAC, the satisfaction of the minimum cash requirements of the definitive merger agreement following any redemptions by BAC's public shareholders; the risk that the Transaction may not be completed by the stated deadline and the potential failure to obtain an extension of the stated deadline; the inability to complete a PIPE transaction; the outcome of any legal proceedings that may be instituted against BAC or the Target related to the Transaction; the attraction and retention of qualified directors, officers, employees and key personnel of BAC and the Target prior to the Transaction, and the Company following the Transaction; the ability of the Company to compete effectively in a highly competitive market; neither BAC nor the Target are currently generating revenues and there can be no assurance that following the Transaction, the Company will ever achieve revenues or profitability; the ability to protect and enhance the Target's respective corporate reputation and brand; the impact from future regulatory, judicial, and legislative changes in the Target's or the Company's industry; the timing, costs, conduct, and outcome of clinical trials and future preclinical studies and clinical trials, including the timing of the initiation and availability of data from such trials; the timing and likelihood of regulatory filings and approvals for product candidates; whether regulatory authorities determine that additional trials or data are necessary in order to obtain approval; the potential market size and the size of the patient populations for product candidates, if approved for commercial use, and the market opportunities for product candidates; the ability to locate and acquire complementary products or product candidates and integrate those into the Company's business; and, the uncertain effects of the COVID-19 pandemic; and those factors set forth in documents of BAC filed, or to be filed, with SEC. The foregoing list of risks is not exhaustive.
If any of these risks materialize or our assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. There may be additional risks that neither BAC nor the Target presently know or that BAC and the Target currently believe are immaterial that could also cause actual results to differ from those contained in the forward-looking statements. In addition, forward-looking statements reflect BAC's and the Target's current expectations, plans and forecasts of future events and views as of the date of this press release. BAC and the Target anticipate that subsequent events and developments will cause BAC's and the Target's assessments to change. However, while BAC and the Target may elect to update these forward-looking statements at some point in the future, BAC and the Target specifically disclaim any obligation to do so. These forward-looking statements should not be relied upon as representing BAC's or the Target's assessments as of any date subsequent to the date of this press release. Accordingly, undue reliance should not be placed upon the forward-looking statements.
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SOURCE Biotech Acquisition Company | https://www.wibw.com/prnewswire/2022/06/03/biotech-acquisition-company-blade-therapeutics-announce-postponement-extraordinary-meeting-shareholders-approve-proposed-business-combination/ | 2022-06-03T01:33:31Z |
New division is latest in Applied Underwriters' continued expansion and growth engaging top professionals seeking to realize career and personal goals
OMAHA, Neb., July 27, 2022 /PRNewswire/ -- Mr. Steve Menzies, Chairman, Applied Underwriters, today announced the formation of Applied Entertainment & Sports, a new division of the Company that will consolidate existing business and add substantial new business in an innovative and aggressively postured entertainment and sports unit headquartered in Los Angeles with a New York satellite office. The enterprise's debut follows several recent acquisitions and commercial business introductions that have marked Applied Underwriters' dramatic growth, according to Mr. Menzies, who noted: "We are on track with our plans and have been especially fortunate in accommodating the vision and blueprints of top talent attracted to move to Applied in their chosen specialty markets. Our new Entertainment & Sports leadership team offers real testimony to our openness to great ideas and thinkers, and to our approach for engaging expert talent."
According to Mr. Jamie Sahara, President, Applied Underwriters, the division will be led by two accomplished sector leaders with Mr. Jerid Schmickle serving as CEO. Mr. Schmickle previously was President of Reel Media Insurance Services, served as Founding Managing Director of Alive Risk and was a Senior Director at Allianz / Fireman's Fund Global Entertainment. He will be joined by seasoned industry veteran, Mr. Tim Troester, who will serve as COO. Mr. Troester was formerly EVP at Reel Media and Senior Director at Alive Risk before which he held executive positions at One Beacon and Nationwide. Messrs. Schmickle and Troester co-founded Alive Risk in 2011 which, together with NAS Insurance, one of Lloyd's largest cover holders, became a prominent MGA in the entertainment space.
Mr. Sahara further commented that the new enterprise possesses a kind of "star is born" effect, as it becomes, almost immediately, a top underwriting operation in the entertainment and related areas: "We move right up to the top of the standings with our team. We will capitalize meaningfully on the opportunities here, especially as we further build-out the team and communicate its unique, proven strengths. We are very optimistic and ready to be center stage."
The prospect of forming a "dream team" to realize his goals in the sector was among the incentives that drew Mr. Schmickle to Applied Underwriters: "We are actively hiring right now and will assemble an additional dozen or so professionals—the best in the field—to give us added depth in product and program development and high recognition among the clientele. To say that this opportunity is exciting would be an understatement. I was drawn to Applied largely as a result of their intellectual grasp of the business and their willingness to protract a successful trajectory."
Mr. Schmickle indicated that the division will write on both an E&S and admitted basis to provide GL, excess/umbrella, professional, workers' compensation, contingency (cancellation, non-appearance, prize indemnity and weather), inland marine (floaters for instruments and jewelry) and excess coverage for film and TV events. Mr. Schmickle concluded that Applied Entertainment & Sports expects to introduce new programs and product availabilities over the next several quarters.
For further information contact: Ryan Gerding, Public Relations, at +1 (913) 602-8531 or at press@auw.com.
About Applied Underwriters (www.auw.com)
Applied Underwriters® is a global risk services firm that helps businesses and people manage uncertainty through its business services, insurance and reinsurance solutions. As a company, Applied Underwriters has been distinguished by its innovative approaches to client care and by its strong financial strength. Applied Underwriters operates widely throughout the US, UK, EU and Middle East. Its operational headquarters is located in Omaha, Nebraska.
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SOURCE Applied Underwriters | https://www.wibw.com/prnewswire/2022/07/27/applied-underwriters-premieres-entertainment-amp-sports-division-headed-by-top-sector-leaders/ | 2022-07-27T20:05:44Z |
Temple continued to grow this month as the City Council initially approved the annexation of more than 50 acres.
The tract in northwest Temple had the first reading of its voluntary annexation request approved 4-0 by the Council at their June 16 meeting. Councilwoman Jessica Walker was absent.
Officials said the tract is at 7450 Little Mexico Road, just north of the city’s Draughon-Miller Central Texas Regional Airport.
Six landowners of the property requested its annexation earlier this year in March and April.
Brian Chandler, director of planning and development for the city, said about 10 acres of the land will be set aside for housing due to a 2008 pre-annexation agreement between the city and the landowner.
“The proposal is for two, five-acre, presumably residential lots,” Chandler said. “They should not be an issue in terms of proximity to the airport. As opposed to 100 different rooftops, we are talking about two at this point.”
The Council also approved the first reading of a rezoning request for a tract in northern Temple.
The 3.8-acre tract, at 906 N. 31st St., is currently zoned for both general retail and commercial uses. The developer wants to use the land for a warehouse, and is rezoning the land to planned development commercial.
“Because of its strategic location along the 31st Street corridor, near the high school and near the reinvestment zone and its improvements there, we have asked the applicant to do a planned development district instead of straight commercial,” Chandler said.
Officials said the new warehouse will include three properties, each about 11,250 square feet, as well as outdoor storage to the rear.
With the land located just north of Temple High School, officials worked with the developer on certain landscaping and building requirements. The property also will include a sidewalk in the front for further pedestrian access along the road.
Councilwoman Susan Long said she was happy with how much work the applicant was putting into beautifying the area.
“This is not the most beautiful area, but our goal is to beautify it as we go along,” Long said. “We are grateful for the applicant working with (the city) to do the planned development.”
A second reading of the two items is expected to be voted on at the City Council’s next meeting at 5 p.m. July 7 at City Hall, 2 N. Main St. | https://www.tdtnews.com/news/central_texas_news/article_9bbae526-f5cd-11ec-a579-c33a1c3a4a11.html | 2022-06-27T04:20:09Z |
NEW YORK, Aug. 31, 2022 /PRNewswire/ -- New research, titled, Climate Change and Cruelty commissioned by global animal welfare non-profit organization, World Animal Protection has revealed the true impact of factory farming on our planet, finding that ongoing expansion of factory farming will put achievement of the Paris Climate Agreement goals and a climate-safe future out of reach.
Every year, more than 80 billion land animals are farmed globally, most on cruel factory farms. This research analyzed the carbon footprint of factory farming chickens and pigs in four of the world's biggest factory-farming hot spots (Brazil, China, The Netherlands, and the US), finding that the emissions from producing current numbers of chickens are equivalent to keeping 29 million cars on the road for a year and emissions from producing pigs are equal to 74 million cars.
The pig and chicken industries are often overlooked as contributors to climate change, with significant focus on methane emissions from raising cows. These findings offer new insight into the true footprint of factory-farming. Growing, processing, and transporting the crops used for feed in factory farms accounts for about 60% and 40% of the overall emissions for chickens and pigs respectively
The study is the first of its kind to measure how collectively eating less factory-farmed chicken and pork could help safeguard our climate. In the US, a 50% reduction in consumption of chicken and pork by 2040 would result in the equivalent of taking 8 million cars off the road for a year.
"Urgent action by the US government and companies to address climate change is imperative, and these new findings shed light on a sector that is all too commonly ignored in climate action plans; the factory farming of pigs and chickens," says Annette Manusevich, Farming Campaign Manager with World Animal Protection US. "The results are clear—eating less chicken and pork from factory farms has significant benefit, not just for protecting animals from cruelty, but for protecting our planet's future as well."
World Animal Protection is calling on the US government to stop approving new factory farms by imposing a moratorium for a 10-year period in order to curb the damages they are inflicting. A bill currently being considered in Congress, the Farm Systems Reform Act (FSRA), would require that the largest factory farms be phased out by 2040.
Individuals can take action for animals, the climate, and their health by reducing their meat consumption now. World Animal Protection's Meating Halfway journey provides tools and tips, such as recipes and shopping lists, to make swapping animal products for plant-based options accessible and delicious.
World Animal Protection
World Animal Protection is the global voice for animal welfare, with more than 70 years' experience campaigning for a world where animals live free from cruelty and suffering.We have offices in 12 countries and work across 47 countries. We collaborate with local communities, the private sector, civil society and governments to change animals' lives for the better.
Our goal is to change the way the world works to end animal cruelty and suffering for both wild and farmed animals. Through our global food system strategy, we will end factory farming and create a humane and sustainable food system, that puts animals first. By transforming the broken systems that fuel exploitation and commodification, we will give wild animals the right to a wildlife. Our work to protect animals will play a vital role in solving the climate emergency, the public health crisis and the devastation of natural habitats.
For more information on World Animal Protection, visit: http://www.worldanimalprotection.us/
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SOURCE World Animal Protection | https://www.wibw.com/prnewswire/2022/08/31/new-report-exposes-concerning-climate-impacts-cruel-factory-farmed-meat/ | 2022-08-31T15:01:28Z |
Political ad revenue was the highest-ever for second quarter; company is on track for record full-year political results
CINCINNATI, Aug. 5, 2022 /PRNewswire/ -- The E.W. Scripps Company (NASDAQ: SSP) delivered $594 million in revenue and $132 million in segment profit for the second quarter of 2022, driven by higher Local Media political advertising and retransmission revenues.
The company is on track to deliver at least $270 million of Local Media political advertising revenue for the full year, outpacing its 2020 adjusted-combined presidential election year political revenue, after record-setting second-quarter results.
Highlights:
- During the second quarter, Scripps benefitted from strong political advertising revenues in the Local Media division. Higher retransmission revenues also contributed to its 10% total revenue growth, and the company saw continued moderation in the decline of pay TV households. Local core advertising was down just slightly, despite the macroeconomic climate.
- The Scripps Networks division revenue performed better than the national cable and broadcast networks marketplace, and the division delivered a 31% segment profit margin, despite a challenging national advertising climate.
- The Networks division increased connected TV revenue by 35% in Q2 and continues its aggressive expansion onto CTV platforms, with six networks either launched or launching before October on services including Roku, FreeVee, Samsung TV Plus, TCL, Tubi, Vizio Watchfree and Xumo.
- The company is carefully managing expenses in the face of the current economic environment, without negatively impacting its long-term commitment to its local media and national networks strategies.
- Free cash flow for the full year is now targeted at about $400 million.
"For the second quarter, Scripps met or exceeded overall expectations. Foreshadowing the record performance we expect in the back half of the year, political advertising during the first two quarters nearly equaled the level of revenue we saw for the same period of the presidential election year 2020, when Michael Bloomberg spent early and heavily in our markets to promote his presidential campaign. We also experienced smaller declines in our pay TV subscriber household counts year over year," said Adam Symson, Scripps president and CEO.
"While Scripps Networks revenue was short of guidance – a reflection of the weakness in the national ad market – it still equaled last year's extraordinary performance and delivered results better than peers as well as a margin of more than 30%."
"The Networks benefited from growth in connected TV revenue, with continued momentum expected in the back half of the year. By the end of the third quarter, most of our Scripps networks will be nearly fully distributed across connected TV platforms, and our previous CTV launches this year are garnering significant viewing, driving the increases in CTV revenue. Our networks also are available on cable and satellite and to nearly every U.S. television household through over-the-air broadcast.
"The Scripps strategy is to deliver quality programs to media consumers on their preferred TV viewing platforms – an all-of-the-above distribution approach that is paying dividends as Scripps establishes itself as a leader in free, ad-supported television."
Operating results
Total second-quarter company revenue was $594 million, an increase of 5.2% or $29.4 million from the prior-year quarter due to higher political and retransmission revenue in our Local Media division.
Costs and expenses for segments, shared services and corporate were $463 million, up from $413 million in the year-ago quarter.
Income attributable to the shareholders of Scripps was $29.2 million or 32 cents per share. In the prior-year quarter, the company had reported a loss from continuing operations attributable to its shareholders of $11.4 million or 14 cents per share. The prior-year quarter included a $13.8 million loss on extinguishment of debt from the redemption of our 2025 senior notes, a $31.9 million non-cash adjustment due to the increase in the fair value of the outstanding common stock warrant liability, acquisition and related integration costs of $6.7 million, and $514,000 of restructuring costs. These items decreased income from continuing operations by $47.6 million, net of taxes, or 58 cents per share.
Second-quarter 2022 results by segment compared to prior-period amounts:
Local Media
Revenue from Local Media was $356 million, up 9.5% from the prior-year quarter.
- Core advertising revenue decreased 2% to $158 million.
- Political revenue was $24 million, compared to $3.2 million in the prior-year quarter.
- Retransmission revenue increased 9.4% to $171 million.
Segment expenses increased 5.7% to $275 million, driven by network affiliation fees and the impact of Scripps employees returning to working in its station buildings, resuming more normal operating procedures.
Segment profit was $80.7 million, compared to $64.6 million in the year-ago quarter.
Scripps Networks
Revenue from Scripps Networks was $239 million, equal to the prior-year quarter. Incremental ad revenue earned from the July 2021 launch of Defy TV and TrueReal networks was offset by weakness in the national advertising market.
Segment expenses for Scripps Networks increased 26% to $166 million, consistent with the company's strategic commitment to new national networks launches and continued programming improvements.
Segment profit was $73.3 million, compared to $107 million in the year-ago quarter.
Financial condition
On June 30, cash and cash equivalents totaled $58.2 million and total debt was $3.1 billion, including $60 million outstanding under our revolving credit facility.
During the first quarter of 2022, we redeemed a total of $123 million of the outstanding principal on our senior notes. In addition, we made mandatory principal payments of $9.3 million on our term loans during the first half of the year.
Preferred stock dividends paid in 2022 were $24 million. Under the terms of Berkshire Hathaway's preferred equity investment in Scripps, we are prohibited from paying dividends on or repurchasing our common shares until all preferred shares are redeemed.
Year-to-date operating results
The following comparisons are to the period ending June 30, 2021:
In 2022, revenue was $1.2 billion, which compares to revenue of $1.1 billion in 2021. Political revenue was $30.8 million, compared to $4.5 million in the prior year.
Costs and expenses for segments, shared services and corporate were $913 million, up from $821 million in the year-ago period, reflecting costs attributed to our recent over-the-air network launches, continued investment in programming, higher affiliation fees and the impact of Scripps employees returning to working in its stations and offices.
Income from continuing operations attributable to the shareholders of Scripps was $39 million or 42 cents per share. Pre-tax costs for the 2022 period included $1.6 million of acquisition and related integration costs as well as a $1.2 million gain on extinguishment of debt from the redemption of senior notes. In the prior-year period, loss from continuing operations attributable to the shareholders of Scripps was $19.5 million or 24 cents per share. Pre-tax costs for the prior year included an $81.8 million gain from the sale of Triton, a $13.8 million loss on extinguishment of debt, a $99.1 million non-cash adjustment due to the increase in the fair value of the outstanding common stock warrant liability, acquisition and related integration costs of $35.3 million and $7.6 million of restructuring costs. These items decreased income from continuing operations by $76.9 million, net of taxes, or 94 cents per share.
Looking ahead
Comparisons for our segments are to the same period in 2021.
Conference call
The senior management of The E.W. Scripps Company will discuss the company's quarterly results during a telephone conference call at 9:30 a.m. Eastern today. To access the live webcast, visit http://ir.scripps.com and find the link under "upcoming events."
To access the conference call by telephone, dial (844) 867-6169 (U.S.) or (409) 207-6975 (international) and give the access code 1864935 approximately five minutes before the start of the call. Investors and analysts will need the name of the call ("Scripps earnings call") to be granted access. The public is granted access to the conference call on a listen-only basis.
A replay line will be open from 1:30 p.m. Eastern time Aug. 5 until midnight Sept. 7. The domestic number to access the replay is (866) 207-1041 and the international number is (402) 970-0847. The access code for both numbers is 4808441.
A replay of the conference call will be archived and available online for an extended period of time following the call. To access the audio replay, visit http://ir.scripps.com/ approximately four hours after the call, and the link can be found on that page under "audio/video links."
Forward-looking statements
This document contains certain forward-looking statements related to the company's businesses that are based on management's current expectations. Forward-looking statements are subject to certain risks, trends and uncertainties, including changes in advertising demand and other economic conditions that could cause actual results to differ materially from the expectations expressed in forward-looking statements. Such forward-looking statements are made as of the date of this document and should be evaluated with the understanding of their inherent uncertainty. A detailed discussion of principal risks and uncertainties, including those engendered by the COVID-19 pandemic, that may cause actual results and events to differ materially from such forward-looking statements is included in the company's Form 10-K, on file with the SEC, in the section titled "Risk Factors." The company undertakes no obligation to publicly update any forward-looking statements to reflect events or circumstances after the date such statements are made.
About Scripps
The E.W. Scripps Company (NASDAQ: SSP) is a diversified media company focused on creating a better-informed world. As one of the nation's largest local TV broadcasters, Scripps serves communities with quality, objective local journalism and operates a portfolio of 61 stations in 41 markets. The Scripps Networks reach nearly every American through the national news outlets Court TV and Newsy and popular entertainment brands ION, Bounce, Grit, Laff, ION Mystery, Defy TV and TrueReal. Scripps is the nation's largest holder of broadcast spectrum. Scripps runs an award-winning investigative reporting newsroom in Washington, D.C., and is the longtime steward of the Scripps National Spelling Bee. Founded in 1878, Scripps has held for decades to the motto, "Give light and the people will find their own way."
Notes to Results of Operations
1. SEGMENT INFORMATION
We determine our business segments based upon our management and internal reporting structures, as well as the basis on which our chief operating decision maker makes resource-allocation decisions.
Our Local Media segment includes our 61 local broadcast stations and their related digital operations. It is comprised of 18 ABC affiliates, 11 NBC affiliates, nine CBS affiliates and four FOX affiliates. We also have 12 CW affiliates - four on full power stations and eight on multicast; five independent stations and 10 additional low power stations. Our Local Media segment earns revenue primarily from the sale of advertising to local, national and political advertisers and retransmission fees received from cable operators, telecommunications companies, satellite carriers and over-the-top virtual MVPDs.
Our Scripps Networks segment is comprised of nine national television networks that reach nearly every U.S. television home through free over-the-air broadcast, cable/satellite, connected TV and digital distribution. These operations earn revenue primarily through the sale of advertising.
Our respective business segment results reflect the impact of intercompany carriage agreements between our local broadcast television stations and our national networks. We also allocate a portion of certain corporate costs and expenses, including accounting, procurement, human resources, employee benefit and information technology to our business segments. These intercompany agreements and allocations are generally amounts agreed upon by management, which may differ from an arms-length amount.
The other segment caption aggregates our operating segments that are too small to report separately. Costs for centrally provided services and certain corporate costs that are not allocated to the business segments are included in shared services and corporate costs. These unallocated corporate costs would also include the costs associated with being a public company. Corporate assets are primarily cash and cash equivalents, restricted cash, property and equipment primarily used for corporate purposes and deferred income taxes.
Our chief operating decision maker evaluates the operating performance of our business segments and makes decisions about the allocation of resources to our business segments using a measure called segment profit. Segment profit excludes interest, defined benefit pension plan amounts, income taxes, depreciation and amortization, impairment charges, divested operating units, restructuring activities, investment results and certain other items that are included in net income (loss) determined in accordance with accounting principles generally accepted in the United States of America.
2. CONDENSED CONSOLIDATED BALANCE SHEETS
3. EARNINGS PER SHARE ("EPS")
Unvested awards of share-based payments with rights to receive dividends or dividend equivalents, such as our RSUs, are considered participating securities for purposes of calculating EPS. Under the two-class method, we allocate a portion of net income to these participating securities and, therefore, exclude that income from the calculation of EPS for common stock. We do not allocate losses to the participating securities.
The following table presents information about basic and diluted weighted-average shares outstanding:
4. NON-GAAP INFORMATION
In addition to results prepared in accordance with GAAP, this earnings release discusses free cash flow, a non-GAAP performance measure that management and the company's Board of Directors uses to evaluate the performance of the business. We also believe that the non-GAAP measure provides useful information to investors by allowing them to view our business through the eyes of management and is a measure that is frequently used by industry analysts, investors and lenders as a measure of valuation for broadcast companies.
Free cash flow is calculated as non-GAAP Adjusted EBITDA (as defined below), plus reimbursements received from the FCC for repack expenditures, less capital expenditures, preferred stock dividends, interest payments, income taxes paid (refunded) and contributions to defined retirement plans.
Adjusted EBITDA is calculated as income (loss) from continuing operations, net of tax, plus income tax expense (benefit), interest expense, losses (gains) on extinguishment of debt, defined benefit pension plan expense (income), share-based compensation costs, depreciation, amortization of intangible assets, loss (gain) on business and asset disposals, mark-to-market losses (gains), acquisition and integration costs, restructuring charges and certain other miscellaneous items.
A reconciliation of these non-GAAP measures to the comparable financial measure in accordance with GAAP is as follows:
ADJUSTED COMBINED SUPPLEMENTAL INFORMATION
Due to the effect that the ION acquisition has on our segment operating results, and to provide meaningful period over period comparisons, we are presenting supplemental non-GAAP (Generally Accepted Accounting Principles) information for certain financial results on an adjusted combined basis. The adjusted combined financial results have been compiled by adding, as of the earliest period presented, the impact from the acquired ION television stations' historical revenue, employee compensation and benefits, programming and other expenses to Scripps' historical revenue, employee compensation and benefits, programming and other expenses captions reported within the Scripps Networks segment. These historical results are adjusted for certain intercompany adjustments and other impacts that would result from the companies operating under the ownership of Scripps as of the earliest period presented.
Management uses the adjusted combined non-GAAP supplemental information for purposes of evaluating the Company's segment results. The company therefore believes that the non-GAAP measure presented provides useful information to investors by allowing them to view the company's businesses through the eyes of management, facilitating comparison of Scripps Networks results across historical periods and providing a focus on the underlying ongoing operating performance of our segments.
The company uses the adjusted combined non-GAAP supplemental information to supplement the financial information presented on a GAAP historical basis. This non-GAAP supplemental information is not to be considered in isolation from, or as a substitute for, the related GAAP measures, and should be read only in conjunction with financial information presented on a GAAP basis.
The adjusted combined financial results contained in the following supplemental information is for informational purposes only. These results do not necessarily reflect what the historical results of Scripps would have been if the acquisition of ION had occurred on January 1, 2021. Nor is this information necessarily indicative of the future results of operations of the combined entities.
The adjusted combined financial information is not pro forma information prepared in accordance with Article 11 of SEC regulation S-X, and the preparation of information in accordance with Article 11 would result in a significantly different presentation.
Scripps Networks adjusted combined segment profit
Non-GAAP reconciliation
Below is a reconciliation of Scripps historical reported revenue and segment profit for its Scripps Networks segment to the adjusted combined revenue and adjusted combined segment profit for the Scripps Networks segment following the acquisition of ION.
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SOURCE The E.W. Scripps Company | https://www.wibw.com/prnewswire/2022/08/05/scripps-q2-revenue-grows-benefiting-political-advertising-distribution-gains/ | 2022-08-05T12:14:34Z |
Available in two sizes, ENGO 2 brings real-time performance data and a great fit to runners and cyclists
BOSTON, Aug. 3, 2022 /PRNewswire/ -- ENGO Eyewear, the leading manufacturer of connected eyewear for endurance athletes, today unveiled ENGO 2, the lightest, and most technologically advanced eyewear created specifically for endurance athletes. Developed to provide instant, intuitive, real-time access to performance data directly in the natural field of view, ENGO 2 features advanced ActiveLook 2.0 technology. ENGO 2 also offers industry leading battery life and can be used for 10-12 consecutive hours before being recharged, and weighs just 36 grams for the standard size - the lightest HUD on the market.
ENGO 2 eliminates the need for athletes to break stride or slow down to look at a watch or cycling computer. For endurance athletes, this can be a significant advantage over the course of a marathon or triathlon. In addition, ENGO 2's touchless gesture control makes it easy to toggle between custom data screens by waving a hand in front of the lens.
Available in two sizes to fit a variety of face shapes, ENGO 2's frameless design comes with ENGO Eyewear's 100% satisfaction guarantee to ensure a comfortable, secure fit, and a clear, stable view of the user's data. ENGO 2 also features high-definition optics, moisture and dust resistance, impact protection, and 100% ultraviolet protection.
"The ActiveLook 2.0 technology embedded in ENGO 2 gives users greater ability to customize the data projected into their field of view based on what is most useful to them," said Eric Marcellin-Dibon, ENGO Eyewear CEO. "Garmin users now have the ability to connect an array of compatible watches and cycling computers and configure and view custom data fields directly in ENGO 2."
"ENGO eyewear gives you real-time control. You can glance at it—you're not having to stare at the numbers the entire time," said Paul Thomas, gravel racer and ENGO Eyewear customer. "They're really helpful. By having real-time control, you never go into the red. With these ENGO, I'm faster, safer, and a more confident rider."
"By having your pace always available at a glance, there's no need to question 'is your exertion correct? Is your pace correct?' It's right in front of you," said 7-time Boston Marathon runner, Pam Nisevich-Bede. "Having the data in real time can give you confidence with executing the plan because anytime you can chip away at that properly designed plan and see it come to life, confidence just builds."
ENGO 2 is available now for pre-order for $329 with orders expected to ship in September 2022. Learn more at www.engoeyewear.com.
Founded in Grenoble, France, ENGO Eyewear is the leader in connected eyewear for endurance athletes. Its ActiveLook® microdisplay technology, recognized with an Innovation Award at the Consumer Electronics Show in January 2021, is the first product of its kind to provide a clear and stable display in ambient daylight conditions, is very lightweight, and has best-in-class battery life. Learn more at www.engoeyewear.com.
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SOURCE ENGO Eyewear | https://www.kxii.com/prnewswire/2022/08/03/engo-eyewear-introduces-engo-2-lightest-heads-up-display-training-competition-endurance-athletes/ | 2022-08-03T12:11:30Z |
TORONTO, May 12, 2022 /PRNewswire/ - Sun Life Financial Inc. (the "Company") (TSX: SLF) (NYSE: SLF) announced that the 10 nominees listed in the management information circular dated March 18, 2022 were elected as directors of the Company. The detailed results of the vote held yesterday at its annual meeting of common shareholders are set out below.
The voting results on all matters voted at the annual meeting of common shareholders will be available on www.sunlife.com and through Canadian and U.S. securities regulators at www.sedar.com and www.sec.gov, respectively.
About Sun Life
Sun Life is a leading international financial services organization providing asset management, wealth, insurance and health solutions to individual and institutional Clients. Sun Life has operations in a number of markets worldwide, including Canada, the United States, the United Kingdom, Ireland, Hong Kong, the Philippines, Japan, Indonesia, India, China, Australia, Singapore, Vietnam, Malaysia and Bermuda. As of March 31, 2022, Sun Life had total assets under management of $1.35 trillion. For more information, please visit www.sunlife.com.
Sun Life Financial Inc. trades on the Toronto (TSX), New York (NYSE) and Philippine (PSE) stock exchanges under the ticker symbol SLF.
Note to editors: All figures in Canadian dollars
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SOURCE Sun Life Financial Inc. | https://www.wibw.com/prnewswire/2022/05/12/sun-life-announces-election-directors/ | 2022-05-12T21:24:30Z |
Kohler Power encourages everyone to define preparedness differently during National Hurricane Preparedness week
KOHLER, Wis., May 4, 2022 /PRNewswire/ -- As National Hurricane Preparedness Week (May 1-7, 2022) is in full swing, Kohler Power challenges homeowners to start thinking now about the upcoming hurricane season – just a few weeks away – and to consider how their power needs are reshaping what being prepared means to them. Colorado State University (CSU) estimates the 2022 hurricane season is going to bring above-average activity to the Atlantic coast region. The forecast includes at least nine hurricanes this year, with four of them being major hurricanes.
"When most people think about preparing for hurricane season, they think of the primary essentials of food, water and being safe," said Melanie Tydrich, Senior Channel Manager for Kohler Residential Power. "Of course, those are most important, and reliable power is increasingly imperative in today's world to ensure those essentials are met. Recent weather events have shown us what can happen when there is an outage and power is slow to be restored. To be most resilient and ride out a severe storm or hurricane, you must prepare for the extreme, which might be no power for days or even weeks."
Now is the ideal time to prepare for the Atlantic hurricane season, which starts on June 1, 2022, and ends on November 30, 2022. It's important to consider a backup power source during the season, especially if individuals have appliances, home offices, medical equipment or other important technology that needs to stay on when power fails.
Power outages are very common during hurricane season, especially now as storms are becoming more frequent and more intense. According to Rhodium Group, Hurricane Maria and Hurricane Irma in 2017 caused customers to go without power for 83 days (nearly 3 months). * Fortunately, there are a few different options that homeowners can use to keep their power on, depending on their living situations and power needs. The most common options include portable generators, energy storage systems and automatic standby generators.
Portable Generators
For those looking to keep a few systems and appliances up-and-running during an outage, a portable generator is a good-value option. They are easy to use, as they just need oil and gasoline to get started. Homeowners will need to have plenty of fresh fuel on-hand and need to be at home to operate the unit. Make sure to place the portable generator in a properly vented area and never run them inside an enclosed garage or house. Also, it's very important to run properly rated extension cords from the house to the generator. Do not plug portable generators into a home's electrical system.
Energy Storage System
An energy storage system, like the KOHLER Power Reserve, is a great option for those who have solar panels installed on their homes. The Power Reserve stores solar energy that is captured throughout the day. Homeowners can use the energy whenever they want, even during a power outage. For non-solar powered homes, the KOHLER Power Reserve energy storage system offers a way to store energy from the grid and then act as back-up power in case of a power outage.
Automatic Standby Generator
The best option for most homeowners is an automatic standby generator. A standby generator turns on automatically when power is lost and is permanently installed outside a home, like a central air conditioning unit. It runs on natural gas or propane and hooks up to the home's existing fuel lines. An automatic transfer switch continuously monitors utility power and transfers the electrical load to the generator if power is lost, protecting the home even if the homeowner is away. A standby generator from KOHLER can power critical and sophisticated appliances and systems in a home, including lights, heating/cooling systems, refrigerators, sump pumps, home security systems, computers and more.
To learn more about reliable backup power options, visit KOHLERGenerators.com for helpful videos, sizing selectors, pricing calculators and other resources.
* https://rhg.com/research/americas-biggest-blackout-2/
About Kohler Co.
Founded in 1873 and headquartered in Kohler, Wisconsin, Kohler Co. is one of America's oldest and largest privately held companies comprised of more than 40,000 associates. Kohler is a global leader in the manufacture of kitchen and bath products; engines and power systems; premier cabinetry, tile and lighting; and owner/operator of two of the world's finest five-star hospitality and golf resort destinations in Kohler, Wisconsin, and St. Andrews, Scotland. A global force in power solutions since 1920, Kohler manufactures engines and complete power systems, including generators (portable, marine, residential, commercial and industrial), automatic transfer switches, switchgear, monitoring controls, and accessories for emergency, prime power and energy-management applications all around the world. The business is committed to reliable, leading-edge power-generation products, clean energy solutions, as well as comprehensive after-sale support.
Visit KohlerGenerators.com, Facebook.com/KOHLERPower, and on Twitter at @KOHLERPower.
CONTACT:
Todd Weber
todd.weber@kohler.com
Vicki Hafenstein
vicki.hafenstein@kohler.com
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SOURCE Kohler Co. | https://www.mysuncoast.com/prnewswire/2022/05/04/rethinking-essentials-power-through-next-big-storm/ | 2022-05-04T22:09:17Z |
Five new models include company's first-ever stand-on zero-turn-radius mowers
WENDELL, N.C., Aug. 4, 2022 /PRNewswire/ -- KIOTI Tractor, a division of Daedong-USA, Inc., expands its turf care offerings this summer with five new zero-turn-radius (ZTR) mower models, including the company's first-ever stand-on ZTRs. These additions to the KIOTI lineup were designed to provide operators reliable performance without sacrificing comfort. The new models maximize uptime and serviceability, while still providing the comfort and ergonomics operators seek for all-day use.
Launching this summer, the ZXS Series includes two stand-on models featuring a comfortable ride and reliable performance and will be shipping soon to dealers across North America. Expanding KIOTI's seated ZTR offerings, three new additions to the company's ZXC Series will cut through the toughest turf with premium commercial-grade features and are available now at select dealers. All five of the new models feature 24-hp Kawasaki® engines combined with Hydro-Gear® transmissions for reliable, hardworking performance.
"KIOTI is proud to continue the expansion of our turf care product line, demonstrating our commitment to this important category for our dealers and our customers," said Peter Dong-Kyun Kim, president and CEO of Daedong-USA, Inc. KIOTI Tractor Division. "We're pleased to combine Kawasaki engines with our proven ZTR platform, while at the same time introducing an all-new stand-on architecture, launching exclusively with Kawasaki powerplants. These additions deliver customers five innovative mower models that offer the comfort they seek alongside the reliability their work demands."
ZXS Series Debut
Designed with precision in mind and built to tackle tough obstacles, the ZXS Series is KIOTI's debut line of stand-on ZTR mowers and includes two models: the ZXS48 and ZXS54. Customers can choose from 48- or 54-inch fabricated, reinforced steel decks with standard notch blades and adjustable drive levers. Plus, simple tool-less removal of the plush and comfortable operator pad reveals ample space and easy access to all serviceable components, such as transaxles, drive belt, battery, and fuses for painless maintenance and upkeep.
"Delivering operators all-day comfort and reliable performance, KIOTI's ZXS Series was designed with our end-users' needs top-of-mind," Kim continued. "We're eager to see these models arrive at dealerships and get to work."
ZXC Series Additions
Joining KIOTI's ZXC Series are three seated models: the ZXC48 LT, ZXC54 LT and ZXC60 LT. These premium commercial-grade mowers feature a large 12.5-gallon fuel capacity, requiring less frequent refueling and allowing for more uptime on the job. All ZXC models comfortably accommodate users of all statures with adjustable seats and drive lever positioning, providing a precise and responsive driving experience with optimized control connections and finely tuned linkages. Operators can choose from 48-, 54- or 60-inch mower decks, each with a fabricated, reinforced 10-gauge steel deck and standard notch blades to cut through the toughest turf.
To learn more about the new additions to KIOTI's turf care offerings, contact an authorized KIOTI Tractor dealer or visit www.KIOTI.com.
About KIOTI Tractor
For more than 35 years, KIOTI Tractor has been supplying tractors in the 22-110 horsepower range to the U.S. and Canadian markets. Today, the company offers a full line of compact tractors, utility vehicles and zero-turn-radius mowers for both residential and commercial use and is expanding into compact construction. Headquartered in Wendell, N.C. and with additional distribution centers in Texas and Canada, KIOTI is committed to providing equipment that is durable, reliable and easy to use. KIOTI customers benefit from an extensive and growing dealer network that's dedicated to superior customer service across North America. For more information on KIOTI or KIOTI products, please visit your authorized KIOTI Tractor dealer or www.KIOTI.com.
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SOURCE KIOTI Tractor | https://www.wibw.com/prnewswire/2022/08/04/kioti-expands-turf-care-offerings-with-reliability-comfort-mind/ | 2022-08-04T13:19:45Z |
PRAGUE (AP) — A Czech leatherwork company that makes a wide variety of handmade products — travel bags, messenger totes, wallets and belts — never planned to add personal protective gear that would save lives in a war to its offerings.
The Russian invasion of Ukraine has changed that.
After Russian troops launched their assault on Ukraine, Tlusty & Co. hired refugees from Ukraine to help the company join a manufacturing operation equipping Ukrainian volunteers with body armor to face the invading troops.
The Prague-based company agreed to a request from the Post Bellum nongovernmental organization to join a project to supply the protection gear similar to bulletproof vests to Ukraine’s Territorial Defense Forces. Thousands of Ukrainian volunteers have joined the troops to resist the Russian invasion.
“We specialize in completely different production,” Tlusty & Co. owner Ivan Petruv said. “We were facing a situation where we had to decide. And because we consider ourselves part of a community that wants to help in this situation as we can, which is only natural when you see the news, we decided to say yes.”
To make the new production happen was a race against the clock, he said. The company needed to get new machines, new materials and above all, to hire extra employees to join the 20-25 staffers in a country whose unemployment rate of 3.4% reflects a lack of available workers in many fields.
“What would take weeks if not months under normal circumstances, we had to solve in hours and several days,” he said.
Since the war began, 300,000 refugees who fled Ukraine have arrived in the Czech Republic, mostly women with children, so Petruv said they became an obvious place to look for new hires.
“We published an advertisement at 8 a.m. and at noon we had a list of 70 people,” Petruv said.
Four days later, the 15 most qualified people started to work to complete the unusual contract. They sew ballistic plate carriers while other Ukrainians working for Post Bellum assemble the whole gear by inserting steel plates into the vests. The NGO finances it all through a crowd-funding campaign.
Natalia Bielonosova is one of the company’s new workers. She came to Prague from her town of Irpin, located near the Ukrainian capital of Kyiv. with a friend.
“I wanted to make the protection gear for Ukraine,” Bielonosova said. “That’s a way for me to help my country.”
Her husband, a humanitarian worker, stayed at home and her son serves in the Ukrainian army.
“He has no electricity, gas, heating or warm water but has survived so far,” she said of her husband.
Of her son, she says “it’s painful to read about what’s happening. I’d like a solution to be found to end the fighting.”
With Irpin and many places badly damaged by heavy Russian shelling, Bielonosova can see her future in Prague, the Czech capital.
“They’ve destroyed cities and destroyed infrastructure. It would be a very hard life (to go back),” she said.
The work she and other Ukrainian refugees have done has impressed Petruv.
“We’d like them to stay,” he said. “We’re talking about hardworking, skillful people who deserve the job.”
The Czech company has so far made 720 of the protective vests with 400 more to deliver. What happens next is unclear.
Petruv said his company was ready to continue the project but “we would be delighted to end it as soon as possible, because this isn’t something we want to do. We do it only because of the current situation and a feeling of responsibility.”
Meanwhile, he is planning a new project for his Ukrainian workers for the time when peace is restored. It would be products designed for Czech kids and their families.
It’s called “Mothers for mothers.”
___
Follow the AP’s coverage of the war at https://apnews.com/hub/russia-ukraine | https://cw33.com/news/international/ap-international/to-save-a-life-refugees-make-protective-vests-for-ukraine/ | 2022-04-23T17:31:07Z |
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