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Did you lose money on investments in Axsome Therapeutics? If so, please visit Axsome Therapeutics, Inc. Shareholder Class Action Lawsuit or contact Peter Allocco at (212) 951-2030 or pallocco@bernlieb.com to discuss your rights.
NEW YORK, June 1, 2022 /PRNewswire/ -- Bernstein Liebhard LLP, a nationally acclaimed investor rights law firm, reminds investors of the deadline to file a lead plaintiff motion in a securities class action lawsuit that has been filed on behalf of investors who purchased or acquired the securities of Axsome Therapeutics, Inc. ("Axsome" or the "Company") (NASDAQ: AXSM) between December 30, 2019 and April 22, 2022, inclusive (the "Class Period"). The lawsuit was filed in the United States District Court for the Southern District of New York and alleges violations of the Securities Exchange Act of 1934.
Axsome is a biopharmaceutical company that engages in the development of novel therapies for central nervous system ("CNS") disorders in the U.S. The Company is developing, among other product candidates, AXS-07, a novel, oral, rapidly absorbed, multi-mechanistic, and investigational medicine for the acute treatment of migraine.
Axsome consistently touted AXS-07's regulatory and commercial prospects in anticipation of the Company's submission of a New Drug Application ("NDA") to the U.S. Food and Drug Administration ("FDA") for AXS-07 for the acute treatment of migraine (the "AXS-07 NDA") based on the drug's purported positive results in two Phase 3 trials. However, unbeknownst to investors, the Company's preparation and eventual submission of the AXS-07 NDA was plagued with chemistry, manufacturing, and control ("CMC") issues.
Plaintiff alleges that Defendants made materially false and misleading statements during the Class Period. Specifically, Plaintiff alleges that: (i) Axsome's CMC practices were deficient with respect to AXS-07 and its manufacturing process; (ii) as a result, Axsome was unlikely to submit the AXS-07 NDA on its initially represented timeline; (iii) the foregoing CMC issues remained unresolved at the time that the FDA reviewed the AXS-07 NDA; (iv) the FDA was unlikely to approve the AXS-07 NDA; and (v) as a result, Axsome had overstated AXS-07's regulatory and commercial prospects.
On November 5, 2020, Axsome issued a press release reporting the Company's third quarter 2020 results. That press release disclosed that the Company "plans to submit the [AXS-07] NDA to the FDA in the first quarter of 2021, versus previous guidance of the fourth quarter of 2020, to allow for inclusion of supplemental manufacturing information to ensure a robust submission package." On this news, Axsome's stock price fell $5.22 per share, or 6.99%, to close at $69.51 per share on November 5, 2020.
On April 25, 2022, during pre-market hours, Axsome disclosed in an SEC filing that "[o]n April 22, 2022, Axsome . . . was informed by the [FDA] that [CMC] issues identified during the FDA's review of the Company's [NDA] for its AXS-07 product candidate for the acute treatment of migraine are unresolved." The filing also disclosed that "[b]ased upon the time remaining in the NDA review cycle, the Company expects to receive a Complete Response Letter ["CRL"] with respect to this NDA on or about the Prescription Drug User Fee Act target action date of April 30, 2022."
On this news, Axsome's stock price fell $8.60 per share, or over 21%, to close at $30.50 per share on April 25, 2022.
On May 2, 2022, Axsome announced that it received a CRL from the FDA regarding the AXS-07 NDA for the acute treatment of migraine. According to the Company, "[t]he principal reasons given in the CRL relate to [CMC] considerations", including "the need for additional CMC data pertaining to the drug product and manufacturing process."
If you wish to serve as lead plaintiff, you must move the Court no later than July 12, 2022. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. Your ability to share in any recovery doesn't require that you serve as lead plaintiff. If you choose to take no action, you may remain an absent class member.
If you purchased AXSM securities, and/or would like to discuss your legal rights and options please visit Axsome Therapeutics, Inc. Shareholder Class Action Lawsuit or contact Peter Allocco at (212) 951-2030 or pallocco@bernlieb.com.
Since 1993, Bernstein Liebhard LLP has recovered over $3.5 billion for its clients. In addition to representing individual investors, the Firm has been retained by some of the largest public and private pension funds in the country to monitor their assets and pursue litigation on their behalf. As a result of its success litigating hundreds of lawsuits and class actions, the Firm has been named to The National Law Journal's "Plaintiffs' Hot List" thirteen times and listed in The Legal 500 for ten consecutive years.
ATTORNEY ADVERTISING. © 2022 Bernstein Liebhard LLP. The law firm responsible for this advertisement is Bernstein Liebhard LLP, 10 East 40th Street, New York, New York 10016, (212) 779-1414. Prior results do not guarantee or predict a similar outcome with respect to any future matter.
Contact Information:
Peter Allocco
Bernstein Liebhard LLP
https://www.bernlieb.com
(212) 951-2030
pallocco@bernlieb.com
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SOURCE Bernstein Liebhard LLP | https://www.wibw.com/prnewswire/2022/06/01/axsome-therapeutics-inc-nasdaq-axsm-shareholder-class-action-alert-bernstein-liebhard-llp-reminds-investors-deadline-file-lead-plaintiff-motion-securities-class-action-lawsuit-against-axsome-therapeutics-inc-nasdaq-axsm/ | 2022-06-01T20:23:41Z |
Religious backers of abortion rights say God’s on their side
TUSCALOOSA, Ala. (AP) — It was lunch hour at the abortion clinic, so the nurse in the recovery room got her Bible out of her bag in the closet and began to read.
“Trust in the Lord with all your heart, and lean not on your own understanding,” her favorite proverb says, and she returns to it again and again. “He will make your paths straight.”
She believes God led her here, to a job at the West Alabama Women’s Center, tending to patients who’ve just had abortions. “I trust in God,” said Ramona, who asked that her last name not be used because of the volatility America’s abortion debate.
Out in the parking lot, protesters bellowed at patients arriving for appointments, doing battle against what they regard as a grave sin.
The loudest voices in the abortion debate are often characterized along a starkly religious divide, the faithful versus not. But the reality is much more nuanced, both at this abortion clinic and in the nation that surrounds it. The clinic’s staff of 11 — most of them Black, deeply faithful Christian women — have no trouble at all reconciling their work with their religion.
And as the U.S. Supreme Court appears poised to dismantle the constitutional right to an abortion, they draw on their faith that they will somehow continue.
God is on our side, they tell each other. God will keep this clinic open.
Robin Marty, who moved from Minneapolis to Tuscaloosa a couple years ago to help run this clinic, was surprised to hear nurses pray for guidance as the future of abortion grows uncertain.
“That is one of the things that has caused a whiplash for me — I had this stereotype in my head of a Southern religious person,” said Marty. “I just assumed that there was no compatibility between people who are religious and people who support the ability to get an abortion.”
Marty realized she was wrong — most people are.
“We need to have a real conversation about what we describe as Christianity,” said Kendra Cotton, a member of the Black Southern Women’s Collective, a network of Black women organizers, many of them from faith-based groups.
The white evangelical worldview that abortion is murder has consumed the conversation, flattening the understanding of how religion and views on abortion truly intersect, she said.
Before Roe v. Wade, faith leaders in many places led efforts to help pregnant women access underground abortions, because they considered it a calling to show compassion and mercy to the most vulnerable.
Now, Black Protestants have some of the most liberal views on access to abortion: Nearly 70% believe abortion should be legal in most or all cases, according to the Public Religion Research Institute. White evangelicals are the other extreme, with only 24% believing abortion should be allowed in most or all cases.
For faithful women of color, there’s often a very different balancing act of values when confronting the question of whether women should be able to end unwanted pregnancies, Cotton said.
“We know that Christianity supports freedom, and inherent in freedom is bodily autonomy. Inherent in Christianity is free will. When people talk about the body being a temple of God, you have purview over your body, there is nothing more sacred,” Cotton said.
The idea of the state restricting what a person can do with their own body is in direct conflict with that, she said, and it is reminiscent of being under someone else’s control -- of slavery.
“You don’t get to tell me what to do,” Cotton said
In Tuscaloosa, the West Alabama Women’s Center sits on the edge of a nondescript medical plaza, a half-mile from the University of Alabama campus. Though many of the center’s clientele are college students, others come from all over the state and some surrounding ones -- it is the only abortion clinic for two hours in every direction. Many of their clients are Black, many already have children and more than 75% survive below the poverty line.
Every patient comes into Ramona’s recovery room after their abortion. She keeps the lights low. Working here, to her, feels like a righteous calling. She believes the Christian way is to love people where they are, and that means walking kindly with them as they make the best decision for themselves.
Sometimes they cry, and tell her they didn’t want to be there. She’s heard stories of rape and domestic violence, but most talk about fear of having more mouths they can’t afford to feed. She always says, “I understand.”
“I mean that, I do understand, I’ve gone through that myself,” she said.
Ramona, 39, is a single mother of four children, and had her first child at 16. She sometimes imagines what her life might have been had she started her family later. She had to drop out of college. There were times, when her children were young, when she couldn’t pay the gas bill, and she boiled water so they could have warm baths.
“Women go through so much, it’s hard,” she said. “So you should have that choice, whether or not you’re ready to be a mother. No one else should choose for you.”
Her daughter used to say “Mom, I want to be just like you,” and she would stop her. “No ma’am,” she’d say to her. “I want you to be better.” Her daughter is now 22 and studying to be a doctor.
She clawed herself out of poverty and built a life she loves. Her co-worker at the front desk calls her Miss Wonderful -- she’s at peace with God, she said, so every day is a great one.
For a time, she tried to be friendly with one of the regulars who protested outside, trying to convince patients that abortion is murder and they shouldn’t go in. She’d visit on her breaks or as she was leaving for the day. They discussed Scripture, forgiveness, sin.
She’d say, “I can see where you’re coming from. Can you see where I’m coming from? I’m not going to love you any less because of what you believe in or what you think.”
Then one day she was walking by and he shouted at her: When you die, you know where you’ll be going, and it isn’t heaven. She doesn’t talk to him anymore.
Alesia Horton, the clinic’s director, eyed the protesters from the window.
“I don’t know what Bible they’re reading, ‘cause it’s not the one that I read,” she said. She and Ramona have been friends since childhood and share a Christian faith.
If people heard the stories she had inside this clinic, she can’t imagine trying to mandate that people be forced into motherhood. She had a patient once who had cancer, wanted the child but couldn’t continue chemotherapy while she was pregnant. She had to choose between her own life and the child she wanted.
Just two weeks before, Horton wept when she met a 13-year-old who’d been raped, and she can’t shake the look on the child’s face, staring blankly in the exam room.
“It’s going to be OK. Don’t think you did anything wrong because you didn’t,” Horton told her.
She often hears patients cry that they’re going to go to hell.
“I’ve had patients against abortion until it happened to their child, or it happened to them,” she said. “The first thing they say, ‘I don’t believe in this.’ And I say, ‘Let’s get past that. Now that you’re pregnant, what are you doing to do? Are you still not going to believe in this? Now you’re on the other side. Where you were judging, now it’s you.’”
They pray that the Supreme Court won’t overturn Roe v. Wade, because they know their poorest patients will bear the burden of abortion bans. Wealthy women will always find a way. They can travel to states where abortion is legal and all the headaches that entails: time off work, babysitters, a tank full of gas, hotel rooms.
If Roe falls, abortion would be barred in Alabama in almost every instance. A 2019 state law, put on hold by the courts for now, outlaws the procedure in all but emergency cases. This clinic is going to try to stay open for those left behind. It is expanding into a full-service gynecological office that people can turn to if they self-administer an abortion and require medical attention, without fear that someone will report them to the police.
In the meantime, the ideological gulf between the believers inside and outside remains wide.
Some of the protesters outside stand quietly, holding signs and hoping their silent presence rattles patients enough to head back to their cars and go home. Some shout at patients as they walk through the parking lot into the clinic, trying to hand them leaflets or direct them to the anti-abortion crisis pregnancy center next door. Some say they want abortion barred completely, with no exceptions even for rape or life-threatening complications, because they believe abortion is murder no matter the circumstances. Most would not give their names; the pregnancy center declined an interview.
The protesters are sometimes aggressive: They have screamed into the clinic’s back doors, recorded biohazard bins being carted away, called police if a patient lashes out when they tell them they’re going to hell.
The clinic locks the doors for security reasons during the lunch hour between morning and afternoon appointments. On a recent day, as Ramona read her Bible in the back room, a 23-year-old woman arrived and couldn’t get inside.
A group of protesters beckoned the woman, who did not want to be named. She was confused — perhaps these people worked for the clinic. “We can help you,” they told her.
“I just walked over there and had a million things thrown in my face,” the woman said. “I’m a baby killer, I’m a murderer.”
She ran away weeping. The clinic staff heard and sought her out.
“I’m so sorry,” Horton said.
She glared at the protesters from the window.
“God isn’t theirs,” she said, “God is all of ours.”
Copyright 2022 The Associated Press. All rights reserved. | https://www.wibw.com/2022/05/20/religious-backers-abortion-rights-say-gods-their-side/ | 2022-05-20T11:19:12Z |
Vicky White had a ‘special relationship’ with inmate Casey White. Here are some other people who fell in love with inmates behind bars
By Mallika Kallingal, CNN
More than a week after an Alabama corrections officer disappeared with an inmate accused of murder, authorities say officer Vicky White, 56, and inmate Casey White, 38, may have had a romantic relationship.
From all accounts, Vicky White is described by her supervisors as a “model employee” and a “reliable person,” and the case has left friends, family and everyone who knew her stunned by the possibility she may have developed a liking for a man charged with murder and possibly helped him escape.
But Vicky White is not alone. A quick look at the history of some very infamous murderers and serial killers show they had large fan followings, and many of them got married to their fans while in prison.
Experts say there is a term for this kind of attraction.
“Sometimes referred to in our culture as ‘Bad Boy Syndrome,’ hybristophilia is the attraction to and/or sexual interest in those who commit crimes, particularly heinous and violent crimes such as rape and murder,” said Dr. Casey Jordan, Criminologist and Professor of Justice and Law Administration at Western Connecticut State University.
“Vicky White surely believes she’s in love with Casey White, because he gives her a feeling of being alive after decades of feeling staid, safe and ‘reliable,’ ” Jordan added.
Here are some examples of romances unimpeded by prison bars:
Richard Matt and David Sweat
Prison worker Joyce Mitchell, who helped two convicted murderers, Richard Matt and David Sweat, break out of an upstate New York prison in 2015 was convicted of promoting prison contraband and criminal facilitation, and was released in 2020 after serving five years in prison.
Authorities said Mitchell, a prison tailor, provided Matt and Sweat with tools they used to cut through cell walls for their escape from the facility in Dannemora, New York. But, she eventually did not follow through on her role in the escape plan, which included Matt killing Mitchell’s husband, Lyle Mitchell.
“Inmate Matt and I got along well. We talked every day and he treated me with respect and was nice to me. He made me feel special,” Mitchell said in her confession.
Jordan says Vicky White’s psychology appears to match Mitchell’s.
“The deep void they feel in middle age as they struggle with the aging process and grief for a declining sense of attractiveness and the loss of excitement in their lives is somehow filled by the attention of a Bad Boy… they act just like a teenager and take unimaginable risks without any care of how it will end,” Jordan explained.
“I know I had agreed to help them escape and run away with them, but I panicked and couldn’t follow through with the rest of the plan. I really do love my husband and he’s the reason I didn’t meet Inmate Matt and Inmate Sweat,” Mitchell said in her statements at the time.
“Human behavior is complex, and the motivations behind behavior can be from many reasons. And so for some, depending on what motivated the behavior or psychiatric conditions they have, it absolutely could be when they’re out of that context, or something else happens in their life, that they realize the error of their ways,” said Dr. Arielle Baskin-Sommers, Associate Professor of Psychology and of Psychiatry at Yale University.
Ted Bundy
Ted Bundy preyed on young women and eventually confessed to more than two dozen murders before he was executed, but he may have been linked to additional killings.
While he was on trial for murder, he married Carole Ann Boone who later had his child. Boone, who had worked with Bundy at the Washington State Department of Emergency Services, testified for him as a character witness and they married during the trial, literally while she was testifying.
“Fixer-Saviors believe that they have been given a sign (often by God or a higher power) to save the criminal. She often refuses to acknowledge evidence of guilt, insists he was framed, and believes that she has unique insight into his psyche,” Jordan said.
Bundy, with his good looks and college education, could also be very charming. He had studied psychology in college, worked as a suicide hotline volunteer while at school and served at one point as assistant director of the Seattle Crime Prevention Advisory Commission.
“Just on the general human level, people want to feel wanted and want to feel connected and want to feel complimented, and some of these men are very good at doing those things. Ted Bundy was very charming and very engaging. And so you could imagine for any human being, once you’re kind of sucked in and charmed and engaged, you do anything to kind of discount the examples of behavior that might be more problematic,” Baskin-Sommers said.
Charles Manson
Mass murderer Charles Manson, at age 80, had planned to marry 26-year-old Afton “Star” Burton while he was in prison. She had started communicating with him via letters and phone calls and then moved near Corcoran State Prison in California where he was incarcerated when she was 19 years old.
She believed in his innocence, spending years trying to clear his name, and continued to support him, although she said she knew people thought she was crazy.
“I don’t care what those kind of people think. It doesn’t make any difference. The man that I know is not what they have in the movies or in documentaries and the books. He’s nothing like that. He doesn’t tell people what to do. He’s not manipulative at all,” Burton had said at the time.
“These women often have a long history of getting involved with “bad boys” and seeking to fix their wicked ways or bring them to salvation. In their mind, their undying faith and commitment will bring him around,” Jordan said.
Baskin-Sommers said some convicted murderers demonstrate characteristics consistent with a disorder called psychopathy. “That disorder is associated with superficial and charming behavior and a lack of genuine relationships… they would just be using women to do things: help them get them out of jail, pay for services,” she explained.
Erik and Lyle Menendez
Erik Menendez and his brother Lyle, who were convicted of the 1989 slayings of their parents, both married while in prison. Lyle Menendez married his longtime pen pal Anna Erikkson, a former model, but they later divorced and he remarried. And Erik Menendez married Tammi Ruth Saccoman.
“The most basic underlying reason for the attraction is indeed the infamy of these criminals… who have been super-hyped in the media and are household words,” Jordan said.
“Many deeply insecure people who crave attention and validation from a well-known person seek out the famous criminal as the subject of their love and attraction. Their lives are usually empty and boring with no prospect of achievement or self-actualization, so they believe their association with the killer will fill the void,” Jordan added.
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CNN’s Toby Lyles contributed to this story. | https://localnews8.com/news/national-world/cnn-national/2022/05/08/vicky-white-had-a-special-relationship-with-inmate-casey-white-here-are-some-other-people-who-fell-in-love-with-inmates-behind-bars/ | 2022-05-08T22:17:05Z |
HENDERSON, Nev., July 13, 2022 /PRNewswire/ -- VolitionRx Limited (NYSE AMERICAN: VNRX) ("Volition"), a multi-national epigenetics company, in collaboration with researchers at the University of Namur and QUALIblood in Belgium has published a poster presentation entitled "Evaluation and comparison of NETosis biomarkers in sepsis and COVID-19 patients" at the International Society on Thrombosis and Haemostasis (ISTH) Congress earlier this week.
Commenting on the poster, joint lead author Professor Jonathan Douxfils, University of Namur and QUALIblood's Chief Executive and Scientific Officer, said: "A key finding from this study was the correlation reported between the Nu.Q® NETs level and the currently used SOFA score. Interestingly Nu.Q® NETs may also enable discrimination between critical COVID-19 and septic shock patients. Further studies are warranted to confirm whether using Nu.Q® NETs and indeed other Nu.Q® assays may predict disease severity and help in categorizing patients at diagnosis."
Commenting on the ISTH Congress, Dr Jake Micallef, Chief Scientific Officer of Volition, said: "This has been a fantastic congress for the Volition team. Not only was new Nu.Q® data presented by the QUALIblood team, but we also had the opportunity to meet with many of our existing collaborators and develop relationships with clinicians, researchers, and industry partners for some possible future projects."
"NETosis has become a huge focus for medics in recent years, given elevated levels of NETs are associated with poor patient outcomes in a range of diseases, such as COVID-19, but also including sepsis and cancer. This was the first large-scale congress we have attended since our Nu.Q® NETs test was CE-marked for the detection and evaluation of NETosis, enabling clinical use across Europe. As the only analytically validated test for NETs, we believe that Nu.Q® NETs has significant potential to support clinical decision-making, enabling physicians to act quickly, and improve patient outcomes."
NETosis is a unique form of cell death that is characterized by the release of NETs (neutrophil extracellular traps) composed of decondensed chromatin, that trap and kill bacteria and viral particles. Although NETs play an important role in our immune system, excessive production can lead to tissue damage and, in severe cases, sepsis, shock, and death.
Dr Micallef added: "Anyone interested in finding out more about our Nu.Q® NETs test should join an upcoming GenomeWeb webinar titled 'The Promise of Neutrophil Extracellular Traps (NETs) as Biomarkers in Inflammatory Disease' which takes place on Wednesday, July 20 at 13:00 U.S. Eastern Time. Click HERE to register.
"In addition, as a proud sponsor of the International Sepsis Forum, we will be exhibiting at the 26th International Symposium on Infections in the Critically Ill Patient later this year."
Volition is developing simple, easy-to-use, cost-effective blood tests to help diagnose and monitor a range of life-altering diseases in both humans and animals. For more information about Volition's Nu.Q® technology go to: www.volition.com
About Volition
Volition is a multi-national epigenetics company that applies its Nucleosomics™ platform through its subsidiaries to develop simple, easy to use, cost effective blood tests to help diagnose and monitor a range of life-altering diseases including some cancers and diseases associated with NETosis such as sepsis and COVID-19. Early diagnosis and monitoring have the potential to not only prolong the life of patients but also improve their quality of life. The tests are based on the science of Nucleosomics™, which is the practice of identifying and measuring nucleosomes in the bloodstream or other bodily fluid - an indication that disease is present. Volition is primarily focused on human diagnostics and monitoring but also has a subsidiary focused on animal diagnostics and monitoring.
Volition's research and development activities are centered in Belgium, with an innovation laboratory and an office in the U.S. and additional offices in London and Singapore.
For more information about Volition, visit www.volition.com
The contents found at Volition's website address are not incorporated by reference into this document and should not be considered part of this document. The address for Volition's website is included in this document as an inactive textual reference only.
Volition Enquiries:
Louise Batchelor/Debra Daglish, Volition, mediarelations@volition.com +44 (0)7557 774620
Safe Harbor Statement
Statements in this press release may be "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, that concern matters that involve risks and uncertainties that could cause actual results to differ materially from those anticipated or projected in the forward-looking statements. Words such as "expects," "anticipates," "intends," "plans," "aims," "targets," "believes," "seeks," "estimates," "optimizing," "potential," "goal," "suggests," "could," "would," "should," "may," "will" and similar expressions identify forward-looking statements. These forward-looking statements relate to, among other topics, Volition's expectations related to the potential uses, benefits and effectiveness of its Nu.Q® NETs test. Volition's actual results may differ materially from those indicated in these forward-looking statements due to numerous risks and uncertainties, including the results of studies testing the efficacy of its Nu.Q® NETs test, a failure by the marketplace to accept Volition's Nu.Q® NETs test; Volition's failure to secure adequate intellectual property protection; Volition will face fierce competition and its intended products may become obsolete due to the highly competitive nature of the diagnostics and disease monitoring markets and their rapid technological change; downturns in domestic and foreign economies; and other risks identified in Volition's most recent Annual Report on Form 10-K and Quarterly Reports on Form 10-Q, as well as other documents that Volition files with the Securities and Exchange Commission. These statements are based on current expectations, estimates and projections about Volition's business based, in part, on assumptions made by management. These statements are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict. Forward-looking statements are made as of the date of this release, and, except as required by law, Volition does not undertake an obligation to update its forward-looking statements to reflect future events or circumstances.
Nucleosomics™ and Nu.Q® and their respective logos are trademarks and/or service marks of VolitionRx Limited and its subsidiaries.
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Kevin Spacey ‘strenuously’ denies sex charges, granted bail
LONDON (AP) — Kevin Spacey “strenuously denies” allegations of sexual assault, his lawyer said Thursday, as the Oscar-winning actor appeared in a London court to face five charges of offenses against three men.
Photographers and television camera crews thronged Spacey, 62, as he arrived at London’s Westminster Magistrates Court for the preliminary hearing.
Spacey sat in the glass-fronted dock during the half-hour hearing, standing to give his full name — Kevin Spacey Fowler — as well as his birthdate and a London address.
He was not asked to enter a formal plea, but his lawyer, Patrick Gibbs, said: “Mr. Spacey strenuously denies any and all criminality in this case.”
Deputy Chief Magistrate Tan Ikram granted Spacey unconditional bail until his next appearance, a plea hearing scheduled for July 14.
The former “House of Cards” star is accused of four counts of sexual assault and one count of causing a person to engage in penetrative sexual activity without consent.
The alleged incidents took place in London between March 2005 and August 2008, and one in western England in April 2013. The victims are now in their 30s and 40s.
In a statement issued last month, Spacey said he would travel to Britain to face the charges and was confident he would “prove my innocence.”
Spacey was questioned by British police in 2019 about claims by several men that he had assaulted them. The two-time Academy Award winner ran London’s Old Vic theater between 2004 and 2015.
Spacey won a best-supporting actor Academy Award for the 1995 film “The Usual Suspects” and a lead actor Oscar for the 1999 movie “American Beauty.”
But his celebrated career came to an abrupt halt in 2017 when actor Anthony Rapp accused the star of assaulting him at a party in the 1980s, when Rapp was a teenager. Spacey denies the allegations.
Copyright 2022 The Associated Press. All rights reserved. | https://www.mysuncoast.com/2022/06/16/kevin-spacey-strenuously-denies-sex-charges-granted-bail/ | 2022-06-16T13:36:33Z |
Germany: former Nazi guard, 101, sentenced for aiding concentration camp killings
BERLIN (AP) — A 101-year-old man was convicted in Germany of more than 3,500 counts of accessory to murder on Tuesday for serving at the Nazis’ Sachsenhausen concentration camp during World War II.
The Neuruppin Regional Court sentenced him to five years in prison.
The man, who was identified by local media as Josef S., had denied working as an SS guard at the camp and aiding and abetting the murder of thousands of prisoners.
In the trial, which opened in October, the centenarian said that he had worked as a farm laborer near Pasewalk in northeastern Germany during the period in question.
However, the court considered it proven that he worked at the camp on the outskirts of Berlin between 1942 and 1945 as an enlisted member of the Nazi Party’s paramilitary wing, the German news agency dpa reported.
“The court has come to the conclusion that, contrary to what you claim, you worked in the concentration camp as a guard for about three years,” presiding Judge Udo Lechtermann said, according to dpa, adding that in doing so, the defendant had assisted in the terror and murder machinery of the Nazis.
“You willingly supported this mass extermination with your activity,” Lechtermann said. “You watched deported people being cruelly tortured and murdered there every day for three years.”
Prosecutors had based their case on documents relating to an SS guard with the man’s name, date and place of birth, as well as other documents.
The five-year prison sentence was in line with the prosecution’s demand.
The defendant’s lawyer had demanded an acquittal. Defense attorney Stefan Waterkamp said after the pronouncement of the sentence, that he would appeal the verdict, dpa reported.
Germany’s leading Jewish group welcomed the verdict.
“Even if the defendant will probably not serve the full prison sentence due to his advanced age, the verdict is to be welcomed,” said Josef Schuster, the head of the Central Council of Jews in Germany.
“The thousands of people who worked in the concentration camps kept the murder machinery running. They were part of the system, so they should take responsibility for it,” Schuster added. “It is bitter that the defendant has denied his activities at that time until the end and has shown no remorse.”
For organizational reasons, the trial was held in a gymnasium in Brandenburg/Havel, the 101-year-old’s place of residence. The man was only fit to stand trial to a limited extent and was only able to participate in the trial for about two and a half hours each day. The trial was interrupted several times for health reasons and hospital stays.
Efraim Zuroff, the head Nazi hunter at the Simon Wiesenthal Center’s office in Jerusalem, told The Associated Press that the sentence “sends a message that if you commit such crimes, even decades later, you might be brought to justice.”
“And it’s a very important thing because it gives closure to the relatives of the victims,” Zuroff added. “The fact that these people all of a sudden feel that their loss is being addressed and the suffering of their family who they lost in the camps is being addressed ... is a very important thing.”
Sachsenhausen was established in 1936 just north of Berlin as the first new camp after Adolf Hitler gave the SS full control of the Nazi concentration camp system. It was intended to be a model facility and training camp for the labyrinthine network that the Nazis built across Germany, Austria and occupied territories.
More than 200,000 people were held there between 1936 and 1945. Tens of thousands of inmates died of starvation, disease, forced labor and other causes, as well as through medical experiments and systematic SS extermination operations including shootings, hangings and gassing.
Exact numbers on those killed vary, with upper estimates of some 100,000, though scholars suggest figures of 40,000 to 50,000 are likely more accurate.
In its early years, most prisoners were either political prisoners or criminal prisoners, but they also included some Jehovah’s Witnesses and homosexuals. The first large group of Jewish prisoners was brought there in 1938 after the so-called Night of Broken Glass, or Kristallnacht, an antisemitic pogrom.
During the war, Sachsenhausen was expanded to include Soviet prisoners of war — who were shot by the thousands — as well as others.
As in other camps, Jewish prisoners were singled out at Sachsenhausen for particularly harsh treatment, and most who remained alive by 1942 were sent to the Auschwitz death camp.
Sachsenhausen was liberated in April 1945 by the Soviets, who turned it into a brutal camp of their own.
Tuesday’s verdict relies on recent legal precedent in Germany establishing that anyone who helped a Nazi camp function can be prosecuted for accessory to the murders committed there.
In a different case, a 96-year-old woman went on trial in late September in the northern German town of Itzehoe. The woman, who allegedly worked during the war as the secretary for the SS commandant of the Stutthof concentration camp, has been charged with more than 11,000 counts of accessory to murder.
Copyright 2022 The Associated Press. All rights reserved. | https://www.mysuncoast.com/2022/06/28/former-nazi-guard-101-sentenced-aiding-concentration-camp-killings-germany/ | 2022-06-28T12:00:21Z |
DOWNERS GROVE, Ill., July 19, 2022 /PRNewswire/ -- Markem-Imaje, part of Dover (NYSE: DOV) and a global provider of end-to-end supply chain solutions and industrial marking and coding systems, recently announced the launch of the SmartLase® C600, the new 60-watt CO2 laser printer.
Designed with speed and reliability, the SmartLase C600 is the fastest and most powerful CO2 laser in Markem-Imaje's range. It delivers high-quality, chemical-free, permanent coding and indelible marking to protect against counterfeiting on a variety of surfaces including PET bottles, glass, labels, confectionery labels, flexible films, inked paper/carton, and coated metals.
The SmartLase C600 has been engineered to perform to the highest standards in the most demanding packaging lines - even with the increasing complexity of 1D and 2D codes. With very limited maintenance needs, the C600 reduces operational expenses (OPEX) through fewer line stoppages and no added costs for expensive consumables or external cooling. Meanwhile, chemical-free production helps businesses meet sustainability compliance goals.
"The new SmartLase C600 is our most advanced CO2 laser coder," said Adam Krolak, Product Marketing Manager at Markem-Imaje. "It is fast and rugged while also delivering when it comes to safety, simplicity and sustainability. Future-proofed and industry 4.0-ready, it can handle even the most challenging packaging lines while also cutting OPEX. The SmartLase C600 is perfectly placed to power up your production while also bringing down your costs."
Industry 4.0-optimized and with a variety of industrial interfaces such as Ethernet/IP, PROFINET, NGPCL and full-featured CoLOS® software support, the SmartLase C600 enables advanced packaging intelligence. Once integrated, the intuitive user interface delivers an increase of up to 20% in operating efficiency.
With a complete IP55-compliant controller and printhead, the SmartLase C600 meets the high standard of safety per ISO 13849-1 up to Performance Level PLe.
About Markem-Imaje:
Markem-Imaje, a wholly owned subsidiary of the US-based Dover Corporation is a trusted world manufacturer of product identification and traceability solutions, offering a full line of reliable and innovative inkjet, thermal transfer, laser, and print and apply label systems. Markem-Imaje provides global reach to over 50,000 customers with 30 subsidiaries, 6 technology centers, several equipment repair centers and manufacturing plants with the most comprehensive marking and coding portfolio available in the marketplace. Visit www.markem-imaje.com for further information.
About Dover:
Dover is a diversified global manufacturer and solutions provider with annual revenue of approximately $8 billion. We deliver innovative equipment and components, consumable supplies, aftermarket parts, software and digital solutions, and support services through five operating segments: Engineered Products, Clean Energy & Fueling, Imaging & Identification, Pumps & Process Solutions and Climate & Sustainability Technologies. Dover combines global scale with operational agility to lead the markets we serve. Recognized for our entrepreneurial approach for over 65 years, our team of over 25,000 employees takes an ownership mindset, collaborating with customers to redefine what's possible. Headquartered in Downers Grove, Illinois, Dover trades on the New York Stock Exchange under "DOV." Additional information is available at dovercorporation.com.
Markem-Imaje Contact:
Viktor Hermansson
+34 627 80 86 10
vhermansson@markem-imaje.com
Dover Media Contact:
Adrian Sakowicz, VP, Communications
(630) 743-5039
asakowicz@dovercorp.com
Dover Investor Contact:
Jack Dickens, Senior Director, Investor Relations
(630) 743-2566
jdickens@dovercorp.com
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SOURCE Dover | https://www.kxii.com/prnewswire/2022/07/19/markem-imaje-launches-smartlase-c600-co2-laser-printer/ | 2022-07-19T21:20:00Z |
The sudden chirping of a cell phone sent Joel bolting out of his seat.
He rushed to a purple backpack sitting behind him and opened the front pocket.
An alarm was sounding on the phone US immigration authorities had given him, and he knew he had to act fast.
He fumbled with the phone for several minutes, struggling to understand the app's English-language instructions and follow its rules for snapping a selfie.
"Are they going to send me back to Cuba?" he asked, worried he'd be returned to the country he says he fled after facing police persecution.
Joel, who asked to be identified only by his first name to protect his safety, was among several migrants who spoke with CNN recently in San Antonio, Texas. He's one of a growing number of Cubans crossing the US-Mexico border and seeking asylum in the United States. And the government-issued cell phone he carried shows he's also part of another growing group.
Immigration and Customs Enforcement is monitoring nearly a quarter of a million migrants in a program using GPS ankle monitors, phones or an app known as SmartLINK, according to the agency's latest statistics. The Biden administration has rapidly grown the number of people in this program, known as "alternatives to detention," or ATD.
It's not clear how many migrants have been loaned phones as part of the program. ICE hasn't released that data in its regular public updates about the program, and the agency didn't respond to CNN's questions about it. But lawyers and advocates who work with migrants told CNN the government-issued phones -- which can only be used with the SmartLINK app and can't make calls or access the internet -- are becoming increasingly common.
"We've seen a drastic, drastic increase in the use of this technology," says Javier Hidalgo, an attorney at the Refugee and Immigrant Center for Education and Legal Services (RAICES).
"This is an expansion of how DHS is defining detention," he says, "and there's a whole host of issues that come with it."
Officials argue these forms of monitoring are an effective way to manage cases. But critics on both sides of the immigration debate say the ATD program raises big questions that should concern every American.
The Department of Homeland Security, meanwhile, has defended and praised it. Alternatives to detention were mentioned as part of the government's plan for lifting Title 42, and DHS is asking Congress for millions of dollars to grow the program even more.
The program enrolled about 1,000 people a day
Alternatives to detention aren't new; ICE's program officially began in 2004 and officials began using the SmartLINK app in 2018. The agency relies on BI Inc., a subsidiary of private prison company GEO Group, to run it.
Now the program is expanding -- and fast. It's more than doubled in size since President Biden took office, according to an analysis of government data by the Transactional Records Access Clearinghouse (TRAC) at Syracuse University.
"It continues to show just a massive amount of growth," says Austin Kocher, a researcher at TRAC.
And all that growth, Kocher says, can be attributed to the increasing use of SmartLINK, an app that requires users to send photos of themselves as a form of checking in with authorities.
Currently more than 185,000 people are being monitored by SmartLINK -- about three-quarters of those enrolled in the ATD program, ICE says.
That's a steep increase from less than three years ago, according to Kocher's analysis, when SmartLINK monitored less than 6,000 people for ICE.
In April and May, Kocher says, about 1,000 people a day were being enrolled in the program.
How the cell phones work
ICE says using SmartLINK and other alternatives to detention "effectively increases court appearance rates (and) compliance with release conditions." Officers determine what level of supervision is required and what technology will be used on a case-by-case basis.
When migrants like Joel who are selected for the program are released from custody, ICE says some are loaned devices loaded with SmartLINK installed, unless they have their own smartphones.
The government-issued phones cannot make calls or be used to access the internet, ICE says, beyond using the app for its intended purpose. Migrants who have their own devices are asked to download the app onto their phones.
SmartLINK "uses facial recognition software to verify identity, GPS data point capture, push notifications and reminders, direct messaging with case officers and participants, and a searchable services database," according to ICE.
"Those who do not report," ICE says, "are subject to arrest and potential removal."
Joel told CNN he's currently required to send in a photo to check in weekly. The first time he tried to submit a photo, he received multiple errors, and -- at one point -- an ominous warning: "two attempts remaining." After four tries, his photo was accepted and he received a notification that the check-in was complete.
"It scared me," he said. "I can't go back to Cuba."
Hidalgo, who regularly works with asylum-seeking migrants, says many clients have recently reported receiving phones with the SmartLINK app installed.
But the phones, he says, are raising many concerns. Some migrants, he says, have reported difficulties with charging and powering on the devices.
"There's a fear...that folks are going to miss their check-ins just because of the technology issues," he says.
ICE did not respond to a request for comment on these concerns. GEO Group declined to comment, referring questions to ICE. BI's website touts the "hassle-free setup" and increased battery life of its mobile devices.
"Clients can easily comply with supervision terms," an information sheet on the site says, "without the hassle of app stores and traditional smart phone functionality and updates."
A section about alternatives to detention on GEO's website says devices preloaded with SmartLINK aren't smartphones since they can't browse the internet, make calls, send or receive texts, or access app stores.
The company says it's a myth that the app frequently malfunctions and causes immigrants to miss check-ins. "An average of 88.4% of SmartLINK check-ins were completed successfully over the last five years," GEO says.
Immigrant rights advocates say privacy is lost and private companies are profiting
Immigrant rights advocates argue that expanding the alternatives to detention program is creating new problems and raising major privacy concerns.
Several organizations -- Mijente, Just Futures Law and Community Justice Exchange -- filed a lawsuit in April asking a judge to order ICE to release more information about how data obtained through SmartLINK is tracked, used and shared. The suit decries "constant, invasive surveillance" and says the program takes a major toll on the immigrants enrolled in it.
The organizations argue they first asked for the information via a Freedom of Information Act request in September, and that ICE and DHS did not respond.
"We're now at this new frontier of immigration enforcement, where digital surveillance plays a huge role and the kind of information that ICE is collecting and the net that they're casting is so large that the system is looking completely different," says Cinthya Rodriguez, an organizer for Mijente.
Sejal Zota, co-founder and legal director of Just Futures Law, says she's hoping the lawsuit will answer questions about the program and what she and others refer to as ICE's "digital prisons."
"It's very unclear to us what information ICE and BI are collecting on immigrants and how that information is being used or could be used," she says. "That lack of clarity raises alarms about people's privacy, future uses of this data and the reach of this surveillance dragnet."
Meanwhile, she says, the program is needlessly causing emotional harm to tens of thousands of people. Some people enrolled in the program, she says, are told their case manager may call them at any point on a given day, making them scared to leave home.
"Imagine an app, it can call you any time, while you're at work, while you're cleaning someone's house. It makes weird sounds. It draws people's attention," Zota says.
ICE didn't respond to CNN's request for comment on the lawsuit. But in a May 23 court filing, the agency asked a judge to dismiss the case, stating that the organizations' initial FOIA request did not sufficiently describe the records sought and that some information requested may be exempt from disclosure. Government attorneys also denied the lawsuit's allegations about the program and its impact.
ICE has said it's "committed to protecting privacy rights, and civil rights and liberties of all participants" in the program, and that a privacy analysis of the program was conducted and approved by DHS.
GEO Group declined to comment, referring questions to ICE. On its website, the company says that it complies with all federal privacy laws, that it does not conduct surveillance and that all data and records collected under its contract with ICE are the property of the US government.
Conservative critics say releasing migrants provides the wrong incentive
The program has also come under fire from conservative critics, who say they're worried it gives would-be migrants a greater incentive to take their chances at the border.
"When you start handing out cell phones and say, 'We'll buzz you when we need to get in touch with you,' and then they let them go on their merry way into the interior of the United States, that's just going to encourage more and more people to come," says Chris Chmielenski, deputy director of NumbersUSA, an organization that advocates for less immigration.
Instead, Chmielenski says, anyone who crosses the border illegally should be immediately kicked out of the country.
"Then you don't have to deal with detention centers or alternatives to detention," he says.
During a recent hearing over the Department of Homeland Security's proposed 2023 budget, Rep. Jake LaTurner, R-Kansas, expressed his dismay over plans to grow the ATD program.
"Do you really believe that mass releasing those who illegally cross our borders does not send the wrong message to human smugglers, cartels and migrants?" he said. "Isn't this yet another message by this administration that the US will not enforce our immigration laws?"
"No, that is not the message at all," Homeland Security Secretary Alejandro Mayorkas responded. "The individuals are in immigration enforcement proceedings. And if their claims for relief under the laws of the United States are not successful, they are subject to removal. And the appearance rate of individuals on our alternatives to detention program have, in fact, increased."
LaTurner was unconvinced.
"This program, without question," he said, "is another message that the borders are wide open. Come on in."
Some say money for the program would be better spent elsewhere
The rapid growth of the program shouldn't just concern those with ties to the immigration system, says Kocher, who's also an assistant research professor at Syracuse.
"This technology is expansive," he says. "And it's not as if this is going to stop with immigrants either. It could be anyone. It could be having outstanding tickets in your city. It could be students on suspension from school. This technology could be increasingly used by your employer to track what you're doing at work."
Opponents of the way US immigration authorities use technology often point out that tools initially deployed as part of immigration enforcement, such as border surveillance, later can end up expanding into other communities and uses.
Kocher and other critics of the alternatives to detention program argue the resources used to fund it could be better spent elsewhere. This fiscal year's budget includes more than $440 million to fund the program. And officials are requesting $87 million more for next year.
Immigrant rights advocates argue that providing legal representation to those with cases in immigration court would do even more to guarantee that people keep showing up. Immigration restrictionists argue the resources would be better spent on detaining and deporting more migrants who are in the country illegally.
Neither of those options appears to be imminent. But the push to expand alternatives to detention remains a clear priority.
ICE recently renewed a contract with another private company to provide 10,000 cell phones outfitted with a facial recognition app for migrant check-ins.
For his part, Joel says he plans to keep using the government-issued phone to check in every week.
He says police persecution and surveillance pushed him to flee Cuba. And in the United States, he says he's doing everything he can to comply with authorities so he won't get sent back.
It's worth it, he says, for the chance to live in a country where there's more freedom.
The-CNN-Wire
™ & © 2022 Cable News Network, Inc., a WarnerMedia Company. All rights reserved. | https://www.albanyherald.com/news/these-cell-phones-cant-make-calls-or-access-the-internet-ice-is-using-them-to/article_951c632a-778d-5e47-8777-b8f1b14ca033.html | 2022-06-05T15:40:59Z |
SHANGHAI, June 30, 2022 /PRNewswire/ -- Four Seasons Education (Cayman) Inc. ("Four Seasons Education" or the "Company") (NYSE: FEDU), a leading Shanghai-based education company, today announced that it filed its annual report on Form 20-F for the fiscal year ended February 28, 2022, with the Securities and Exchange Commission (the "SEC") on June 30, 2022. The annual report can be accessed on the Company's investor relations website at http://ir.sijiedu.com and on the SEC's website at www.sec.gov. The Company will provide a hard copy of the annual report containing its audited consolidated financial statements for the fiscal year ended February 28, 2022, free of charge, to its shareholders and ADS holders upon request. Requests should be submitted to IR@fsesa.com.
About Four Seasons Education (Cayman) Inc.
Four Seasons Education (Cayman) Inc. is a Shanghai-based company dedicated to offering diversified smart learning solutions and comprehensive enrichment activities in China. The Company's vision is to maximize a learner's potential by providing access to an engaging learning experience empowered by our technology and content capabilities. The Company has crafted a wide variety of learning products and services to address learners and customers' evolving needs in well-rounded development. The Company also offers learning technology and content solutions to educational institutions.
For more information, please visit http://ir.sijiedu.com.
For investor and media inquiries, please contact:
In China:
Four Seasons Education (Cayman) Inc.
Olivia Li
Tel: +86-21-6317 6678
E-mail: IR@fsesa.com
The Piacente Group, Inc.
Jenny Cai
Tel: +86-10-6508-0677
E-mail: fourseasons@tpg-ir.com
In the United States:
The Piacente Group, Inc.
Brandi Piacente
Tel: +1-212-481-2050
E-mail: fourseasons@tpg-ir.com
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SOURCE Four Seasons Education Inc. | https://www.kxii.com/prnewswire/2022/06/30/four-seasons-education-files-fiscal-year-2022-annual-report-form-20-f/ | 2022-06-30T21:51:13Z |
NEW YORK (AP) — Former President Donald Trump has paid the $110,000 in fines he racked up after being held in contempt of court for being slow to respond to a civil subpoena issued by New York’s attorney general.
Trump paid the fine Thursday but must still submit additional paperwork in order to have the contempt order lifted, the office of Attorney General Letitia James said Friday.
A message seeking comment was left Friday with Trump’s lawyer.
A Manhattan judge declared Trump in contempt of court on April 25 and fined him $10,000 per day for not complying with a subpoena in James’ long-running investigation into his business practices.
Judge Arthur Engoron agreed May 11 to lift the contempt order if, by Friday, Trump paid the fines and submitted affidavits detailing efforts to search for the subpoenaed records and explaining his and his company’s document retention policies.
Engoron also required a company hired by Trump to aid in the search, HaystackID, finish going through 17 boxes kept in off-site storage, and for that company to report its findings and turn over any relevant documents. That process was completed Thursday, James’ office said.
Engoron told Trump to pay the money directly to James’ office and for the attorney general to hold the money in an escrow account while Trump’s legal team appeals the judge’s original contempt finding.
Engoron stopped the fine from accruing May 6, when Trump’s lawyers submitted 66 pages of court documents detailing the efforts by him and his lawyers to locate the subpoenaed records. He warned that he could reinstate it, retroactive to May 7, if his conditions weren’t met.
James, a Democrat, has said her three-year investigation uncovered evidence that Trump’s company, the Trump Organization, misstated the value of assets like skyscrapers and golf courses on financial statements for over a decade.
Trump, a Republican, denies the allegations. He has called James’ investigation “racist” and a politically motivated “witch hunt.” James is Black. Trump’s lawyers have accused her of selective prosecution. Trump is also suing James in federal court, seeking to shut down her probe.
Last week, a lawyer for James’ office said Friday that evidence found in the probe could support legal action against the former president, his company, or both.
The lawyer, Andrew Amer, said at a hearing in Trump’s lawsuit against James that “there’s clearly been a substantial amount of evidence amassed that could support the filing of an enforcement proceeding,” although a final determination on filing such an action has not been made. | https://cw33.com/news/politics/ap-politics/trump-pays-110k-fine-must-submit-paperwork-to-end-contempt/ | 2022-05-21T17:04:10Z |
NEW ORLEANS, Sept. 9, 2022 /PRNewswire/ -- ClaimsFiler, a FREE shareholder information service, reminds investors that they have until October 25, 2022 to file lead plaintiff applications in a securities class action lawsuit against Stitch Fix, Inc. (NasdaqGS: SFIX), if they purchased the Company's shares between December 8, 2020, and March 8, 2022, inclusive (the "Class Period"). This action is pending in the United States District Court for the Northern District of California.
Stitch Fix investors should visit us at https://claimsfiler.com/cases/nasdaq-sfix-1/ or call toll-free (844) 367-9658. Lawyers at Kahn Swick & Foti, LLC are available to discuss your legal options.
Stitch Fix and certain of its executives are charged with failing to disclose material information during the Class Period, violating federal securities laws.
On December 7, 2021, the Company disclosed the occurrence of "short term cannibalization" from new customers who chose to use its new direct-buy Freestyle option rather than the traditional Fix option, as well as a loss for its first quarter of 2021 and a cut to its full-year revenue projections. On this news, shares of Stitch Fix declined by $5.97 per share, or 24%, from $24.97 per share to $19.00 per share.
Then, on March 8, 2022, the Company disclosed a weak outlook for the third quarter of 2022 and a cut to its revenue guidance for the full year, as well as "friction" that had occurred due to customers visiting stitchfix.com, the primary landing page for customers interested in the Fix, being redirected to the Freestyle experience first. On this news, shares of Stitch Fix declined by $0.67 per share, or 6%, from $11.01 per share to $10.34 per share.
The case is Retail Wholesale Department Store Union Local 338 Retirement Fund v. Stitch Fix, Inc., No. 22-cv-4893.
ClaimsFiler has a single mission: to serve as the information source to help retail investors recover their share of billions of dollars from securities class action settlements. At ClaimsFiler.com, investors can: (1) register for free to gain access to information and settlement websites for various securities class action cases so they can timely submit their own claims; (2) upload their portfolio transactional data to be notified about relevant securities cases in which they may have a financial interest; and (3) submit inquiries to the Kahn Swick & Foti, LLC law firm for free case evaluations.
To learn more about ClaimsFiler, visit www.claimsfiler.com.
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SOURCE ClaimsFiler | https://www.wibw.com/prnewswire/2022/09/10/stitch-fix-shareholder-alert-claimsfiler-reminds-investors-with-losses-excess-100000-lead-plaintiff-deadline-class-action-lawsuit-against-stitch-fix-inc-sfix/ | 2022-09-10T04:19:49Z |
Town of Longboat Key encourages visitors to fill in holes on beach
Published: Jun. 7, 2022 at 1:18 PM EDT|Updated: 24 minutes ago
LONGBOAT KEY, Fla. (WWSB) - The Town of Longboat Key wants everyone to remember to fill in any holes on the beach when they are done with them.
Large holes on the beach are dangerous for nesting sea turtles, shoe bird chicks and beach goers.
The Town of Longboat Key is also asking condo managers and resort owners to inform guests to help get the word out.
Copyright 2022 WWSB. All rights reserved. | https://www.mysuncoast.com/2022/06/07/town-longboat-key-encourages-visitors-fill-holes-beach/ | 2022-06-07T17:44:02Z |
LAS VEGAS, April 25, 2022 /PRNewswire/ -- Allegiant Travel Company (NASDAQ: ALGT) has scheduled its first quarter 2022 financial results conference call for Wednesday, May 4 at 4:30 p.m. EST. A live broadcast of the conference call will be available through the company's Investor Relations website homepage at http://ir.allegiantair.com. The webcast will also be archived on the "Events & Presentations" section of the site.
Allegiant – Together We FlyTM
Las Vegas-based Allegiant (NASDAQ: ALGT) is an integrated travel company with an airline at its heart, focused on connecting customers with the people, places and experiences that matter most. Since 1999, Allegiant Air has linked travelers in small-to-medium cities to world-class vacation destinations with all-nonstop flights and industry-low average fares. Today, Allegiant's fleet serves communities across the nation, with base airfares less than half the cost of the average domestic roundtrip ticket. For more information, visit us at Allegiant.com. Media information, including photos, is available at http://gofly.us/iiFa303wrtF
Note: This news release was accurate at the date of issuance. However, information contained in the release may have changed. If you plan to use the information contained herein for any purpose, verification of its continued accuracy is your responsibility.
For further information please visit the company's investor website: http://ir.allegiantair.com
Reference to the Company's website above does not constitute incorporation of any of the information thereon into this news release.
Media Inquiries: mediarelations@allegiantair.com
Investor Inquiries: Sherry Wilson: ir@allegiantair.com
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SOURCE Allegiant Travel Company | https://www.mysuncoast.com/prnewswire/2022/04/25/allegiant-travel-company-schedules-first-quarter-2022-earnings-call/ | 2022-04-25T19:32:09Z |
NEW YORK, Aug. 19, 2022 /PRNewswire/ -- Future FinTech Group Inc. (NASDAQ: FTFT) ("hereinafter referred to as "Future FinTech", "FTFT" or "the Company"), a blockchain application technology developer and a fintech service provider, announced today that on August 16, 2022, FTFT UK Limited ("FTFT UK"), a company organized under the laws of United Kingdom and a wholly owned subsidiary of the Company received approval from the Financial Conduct Authority ("FCA"), a financial regulatory body in the United Kingdom, to acquire Khyber Money Exchange Ltd. ("Khyber Exchange"). The Company expects to close the acquisition within the three-month timeframe from August 16, 2022 for which the FCA's approval of the change of control remains effective; however, the FCA may extend this period upon request.
As previously disclosed, on September 1, 2021, FTFT UK signed a definitive agreement (the "Agreement ") to acquire 100% of the equity of Khyber Exchange from Rahim Shah (the "Seller"). According to the Agreement, the Company will acquire 100% of the equity of Khyber Exchange at a purchase price of €685,000. The Company engaged in extensive operational, legal and financial due diligence in order to reach this Agreement.
Khyber Exchange is a money transfer company with a platform for transferring money around the world via one of its agent locations or its online portal, mobile platform, or over the phone. Khyber Exchange was incorporated in February 2009, is headquartered in the UK and has offices in Germany and Italy; its website is https://khyberexchange.com.
Shanchun Huang, Chief Executive Officer of Future FinTech, commented, "We are pleased to have received approval from the FCA to acquire Khyber Exchange since it further extends our fintech footprint and diversifies our geographical reach. We believe that money payment services are a high margin business that will enable us to capitalize upon an increasing level of international business transactions and money flows. We believe that it will be synergistic with other financial service businesses that we are developing."
"We believe that this acquisition will play an important role in the strategic transformation of the company and lay a foundation for the internationalization of our business and income. Our objective is to become a diversified fintech enterprise that leverages current opportunities and integrate them into a comprehensive business platform. We are intent upon creating a company that can optimally meet customers' financial needs by positively disrupting the traditional banking sector via an array of innovative products and services," concluded CEO Huang.
About Future FinTech Group Inc.
Future FinTech Group Inc. is a blockchain application technology developer and fintech service provider incorporated in Florida. The Company's operations include a blockchain-based online shopping mall platform, Chain Cloud Mall ("CCM"), supply chain financing services, asset management, and cryptocurrency market data services. The Company is also engaged in the development of blockchain based e-Commerce technology and cryptocurrency mining, cryptocurrency investment management as well as financial service technology businesses. For more information, please visit http:/www.ftft.com/.
Safe Harbor Statement
Certain of the statements made in this press release are "forward-looking statements" within the meaning and protections of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended, or the Exchange Act. Forward-looking statements include statements with respect to our beliefs, plans, objectives, goals, expectations, anticipations, assumptions, estimates, intentions, and future performance, and involve known and unknown risks, uncertainties and other factors, which may be beyond our control, and which may cause the actual results, performance, capital, ownership or achievements of the Company to be materially different from future results, performance or achievements expressed or implied by such forward-looking statements. All statements other than statements of historical fact are statements that could be forward-looking statements. You can identify these forward-looking statements through our use of words such as "may," "will," "anticipate," "assume," "should," "indicate," "would," "believe," "contemplate," "expect," "estimate," "continue," "plan," "point to," "project," "could," "intend," "target" and other similar words and expressions of the future.
All written or oral forward-looking statements attributable to us are expressly qualified in their entirety by this cautionary notice, including, without limitation, those risks and uncertainties described in our annual report on Form 10-K for the year ended December 31, 2021 and our other reports and filings with SEC. Such reports are available upon request from the Company, or from the Securities and Exchange Commission, including through the SEC's Internet website at http://www.sec.gov. We have no obligation and do not undertake to update, revise or correct any of the forward-looking statements after the date hereof, or after the respective dates on which any such statements otherwise are made.
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SOURCE Future FinTech Group Inc. | https://www.kxii.com/prnewswire/2022/08/19/future-fintech-receives-approval-uk-regulator-acquire-uk-money-payment-service-company/ | 2022-08-19T13:43:24Z |
Attendees Can Interview, Receive Offers on Site
EIGHTY FOUR, Pa., July 13, 2022 /PRNewswire/ -- 84 Lumber, the nation's largest privately held building materials supplier, is recruiting for 10 immediate openings at its truss plant location in Franklin, IN, as the company's business continues to expand nationwide. Interested job seekers can interview for open positions at a hiring event on July 20, 2022, from 8 a.m. to 4 p.m. at the company's Franklin location (1850 N Graham Road Franklin, IN 46131).
"At 84 Lumber, we are on the leading edge of the ongoing rise in residential construction across the nation," said Mark Vinson, area manager at 84 Lumber. "Greater demand for our products means a need for more motivated, dedicated employees who want to take advantage of the phenomenal growth opportunity in our industry. If you have a strong work ethic and are eager for something new, you could be the perfect fit for us."
Hiring event attendees will participate in job interviews and learn more about 84 Lumber's company culture. Some attendees may receive a job offer on site.
- Production associates perform essential functions behind the scenes – from the management of supply shipments to the operation of equipment. Associates work in the manufacturing processes to verify dimensions of precut parts and the accuracy of assemblies, engineered wood products, trusses, and components. Starting compensation for production associates is $17.50 per hour for first shift and $17.50 per hour plus shift differential for second shift.
"As a family-owned company, 84 Lumber is committed to helping our employees build a long-term career with us. We are proud to say that 95% of our store managers started in our manager trainee program," Vinson said. "We believe that a wide variety of candidates can find a home with the company and open doors for themselves – a person with no construction experience but a desire to learn, military veterans ready to open their next chapter, or someone simply ready to make a fresh start. We'll give every one of them the tools to grow."
Candidates interested in participating in the Hiring Event should pre-register online and complete the form. Registrants will then receive an email from 84 Lumber with the link to apply for the desired position. To save time, Vinson strongly encourages candidates to apply for positions online before they attend the event.
On-site pre-employment drug screening will be available for applicants at the hiring event. Candidates who advance in the process will also be required to pass a background check prior to employment.
To learn more about 84 Lumber, follow the company on Facebook, Instagram and LinkedIn.
Founded in 1956 and headquartered in Eighty Four, Pennsylvania, 84 Lumber Company is the nation's largest privately held supplier of building materials, manufactured components and industry-leading services for single- and multi-family residences and commercial buildings. The company operates nearly 250 stores, component manufacturing plants, custom door shops, custom millwork shops and engineered wood product centers in more than 30 states. 84 Lumber also offers turnkey installation services for a variety of products, including framing, insulation, siding, windows, roofing, decking and drywall. A certified national women's business enterprise owned by Maggie Hardy Knox, 84 Lumber was named by Forbes as one of America's Largest Private Companies in 2018 and one of America's Best Large Employers in 2019. For more information, visit 84lumber.com or join us at Facebook.com/84lumber and linkedin.com/company/84-lumber.
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SOURCE 84 Lumber | https://www.wibw.com/prnewswire/2022/07/13/84-lumber-fill-immediate-job-openings-franklin-by-hosting-hiring-event-july-20/ | 2022-07-13T20:10:27Z |
HONOLULU (AP) — Megan Kau takes occasional weeklong hunting trips to the Hawaiian island of Lanai, where she enjoys watching the sunrise and hearing the distant rustle of deer and mouflon sheep in the tropical wilderness, a rifle ready at her side.
As a gun owner, she also goes to shooting ranges several times a year. Those outings are the only times the attorney and Oahu native sees others with guns in this tourist mecca where strict laws make it harder to purchase firearms and restrict carrying loaded guns in public.
Thursday’s U.S. Supreme Court ruling overturning New York’s concealed weapon law will likely change things in Hawaii, too, where it’s now highly unusual to see people carrying loaded weapons in public.
Some say the change will lead to more gun violence in a state that traditionally sees very little. In 2020, Hawaii had the nation’s lowest rate for gun deaths, according to the U.S. Centers for Disease Control and Prevention.
“We’re culturally accepting, we’re racially accepting,” Kau said. “But within our culture, we’re fighters. We have passion.”
That passion can boil into physical altercations typically done “up and up” — local lingo for fistfights.
“If you’re born and raised here, you get into a fistfight, you don’t expect there to be a weapon,” Kau said.
Chris Marvin, a Hawaii resident with the gun control group Everytown for Gun Safety, said road rage dustups, clashes over surf spots and other confrontations are a part of life in Hawaii and are rarely fatal. He’s worried that will change.
“When you introduce guns, it’s so often immediately death,” he said. “Guns and aloha don’t mix.”
Under current law, county police chiefs in Hawaii have the discretion to determine whether to issue a carry permit. Without such a permit, people in Hawaii are only allowed to keep firearms in the home and can transport them — unloaded and locked up — to shooting ranges, hunting areas and other limited locations such as for repairs.
The Supreme Court ruling says local governments can’t require those seeking a license to carry a gun in public to demonstrate a particular need, such as a direct threat to their safety. Hawaii and California are among states with such a requirement.
Hawaii police chiefs have issued only four carry permits in the last 22 years, said attorney Alan Beck, who represents George Young, a Big Island man suing to be able to carry a gun for self-defense.
“It’s a huge deal,” Beck said of the ruling. “Not only does it mean Mr. Young’s case will prevail, it also means the door has been opened to challenging numerous aspects of Hawaii firearms law.”
State officials were determining what effect the court’s ruling could have on Hawaii, Gov. David Ige said. However, some believe they know the ultimate outcome.
“Bottom line is, Hawaii is about to become a more dangerous place,” state Sen. Karl Rhoads said. “Hawaii will go from a place where the right to carry in public is the exception to a place where not having the right to carry on the street is an exception.”
The high court ruling does allow local governments to impose certain rules limiting who can have permits to carry and where weapons may be banned, such as parks, stadiums and other places where people gather.
Hawaii lawmakers will look at adding additional background screening, training stipulations and legislating ways to keep guns out of certain public spaces, said state Sen. Chris Lee.
There are already gun-handling training requirements for obtaining a firearm, “but carrying something in a public place is a different matter altogether,” Lee said, so he’d like to see mandated training on how to de-escalate conflicts and enhanced training for law enforcement in dealing with situations where people are armed.
He’d also like to see restrictions on bringing guns into public meetings on emotionally charged issues.
Denise Eby Konan, dean of the College of Social Sciences at the University of Hawaii at Manoa and a member of the state’s Gun Violence and Violent Crimes Commission, said guns in public places like beaches and hiking trails could affect Hawaii’s reputation as a safe tourist destination.
“I think many of our visitors are coming from countries where gun laws are quite strict,” she said.
At least one couple visiting Waikiki on Thursday said looser restrictions wouldn’t deter them from returning.
Rebecca Donahue said she and her husband have concealed carry permits where they live in Titusville, Florida. “I think Hawaii is very laid back and relaxed from what we’ve seen,” she said.
The Hawaii Tourism Authority declined to comment on the court’s ruling and any possible impact on tourism, the economic engine that drives the state’s economy.
Kainoa Kaku, president of the Hawaii Rifle Association, said the decision will help ensure law-abiding people can carry guns — “guys like me who put in a lot of time and effort into training and honing my craft so that I can defend myself and my family and even my community at large if it’s required.”
Joseph Robello, who uses a pistol and a rifle to hunt pigs, said he doesn’t expect Hawaii to turn into the Wild West.
“Most people won’t just carry to carry around, to wear it on your hip and walk around in the store to say, ‘I got a gun, and I can use it,’” he said. “That’s dumb. Ridiculous.”
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Freelance journalist Marco Garcia contributed to this report. | https://cw33.com/news/u-s-news/ap-us-headlines/guns-in-paradise-ruling-could-undo-strict-hawaii-carry-law/ | 2022-06-26T12:26:16Z |
Testing is designed around a simplified process flow sheet that could yield better results for Niobium and Titanium production and is expected to confirm previously achieved high recovery rates for Scandium
CENTENNIAL, Colo., Sept. 6, 2022 /PRNewswire/ -- NioCorp Developments Ltd. ("NioCorp" or the "Company") (TSX: NB; OTCQX: NIOBF) is pleased to announce that its demonstration-scale processing plant (the "demonstration plant") in Quebec, Canada is now processing ore samples from the Company's Elk Creek Critical Minerals Project (the "Project"). The demonstration plant project is intended to demonstrate that the Company can extract and separate rare earth elements from ore that NioCorp expects to mine from the Project site, subject to receipt of necessary project financing, and that its simplified process for potentially producing niobium, scandium, and titanium is technically and economically feasible.
The demonstration plant will process Elk Creek ore samples in three phases. Testing is expected to be completed over the next several weeks. NioCorp expects to publicly disclose testing results after each operational phase concludes.
- Phase 1 is designed to demonstrate a new approach to the initial processing of the ore that NioCorp expects to mine from the Project site, subject to receipt of necessary project funding, including calcination, initial leaching, and rare earth extraction.
- Phase 2 is designed to demonstrate an improved process for the second stage of leaching along with Niobium and Titanium separation.
- Phase 3 is designed to demonstrate the technical viability of separating high-purity versions of several target magnetic rare earth products from Elk Creek ore samples, as well as confirming previously achieved high recovery rates for high-purity Scandium trioxide. The potential magnetic rare earth products include Neodymium-Praseodymium ("NdPr") oxide, Dysprosium oxide, and Terbium oxide. NioCorp will utilize conventional solvent extraction ("SX") technology to test a rare earth separation approach developed by NioCorp and L3. NioCorp and L3 have years of collective experience in SX technology.
"Our team is very pleased to see the demonstration plant begin operations, and we intend to closely monitor every step of this process," said Scott Honan. "Many of these processes have already been successfully tested at the bench scale. Given our team's years of experience in hydrometallurgy, including rare earth separations, I expect that we will demonstrate positive results. I also look forward to potentially demonstrating how our simplified process flow sheet can more efficiently and cost-effectively produce Niobium, Scandium, and Titanium."
Honan added that once operations have concluded and data analyzed, work can then turn to the design and engineering of the new process flow sheet, which in turn is expected to be incorporated into an updated Elk Creek Project Feasibility Study that incorporates an economic analysis of separated rare earth oxide products and the simplified process flow sheet.
As no economic analysis has been completed on the rare earth mineral resource comprising the Project, further studies are required before determining whether extraction of rare earth elements can be reasonably justified and economically viable after taking account all relevant factors.
Eric Larochelle, B.Eng., Co-Owner, L3 Process Development, a Qualified Person as defined by National Instrument 43-101, has reviewed and approved the technical information contained in this news release.
Contact Jim Sims, Corporate Communications Officer, NioCorp Developments Ltd., 720-639-4650, jim.sims@niocorp.com
Source: NioCorp Developments Ltd.
@NioCorp $NB.TO $NIOBF $BR3 #Niobium #Scandium #rareearth #neodymium #dysprosium #terbium #ElkCreek #EV #electricvehicle
NioCorp is developing a critical minerals project in Southeast Nebraska that will produce niobium, scandium, and titanium. The Company also is evaluating the potential to produce several rare earths from the Project. Niobium is used to produce specialty alloys as well as High Strength, Low Alloy ("HSLA") steel, which is a lighter, stronger steel used in automotive, structural, and pipeline applications. Scandium is a specialty metal that can be combined with Aluminum to make alloys with increased strength and improved corrosion resistance. Scandium is also a critical component of advanced solid oxide fuel cells. Titanium is used in various lightweight alloys and is a key component of pigments used in paper, paint and plastics and is also used for aerospace applications, armor, and medical implants. Magnetic rare earths, such as neodymium, praseodymium, terbium, and dysprosium are critical to the making of Neodymium-Iron-Boron ("NdFeB") magnets, which are used across a wide variety of defense and civilian applications.
Certain statements contained in this document may constitute forward-looking statements, including but not limited to statements related to the Company's expectations that it will be able to complete operations of its demonstration plant; that the demonstration plant testing will show positive results; the expectation regarding the completion of a new Elk Creek Project Feasibility Study that incorporates an economic analysis of separated rare earth oxide products and the simplified process flow sheet; and the Company's expectations that the Project will reach production stage if it is able to secure project financing, and its ability to produce its planned products commercially, including potential production of rare earths. Such forward-looking statements are based on estimates and assumptions made by the Company in light of its experience and its perception of historical trends, current conditions and expected future developments, as well as other factors that the Company believes are appropriate in the circumstances. Readers are cautioned that such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause a change in such assumptions and the actual outcomes and estimates to be materially different from those estimated or anticipated future results, achievements or position expressed or implied by those forward-looking statements. Risks, uncertainties and other factors that could cause NioCorp's plans or prospects to change include risks related to NioCorp's ability to operate as a going concern; risks related to NioCorp's requirement of significant additional capital; changes in demand for and price of commodities (such as fuel and electricity) and currencies; changes or disruptions in the securities markets; legislative, political or economic developments; the need to obtain permits and comply with laws and regulations and other regulatory requirements; the possibility that actual results of work may differ from projections/expectations or may not realize the perceived potential of NioCorp's projects; risks of accidents, equipment breakdowns and labor disputes or other unanticipated difficulties or interruptions; the possibility of cost overruns or unanticipated expenses in development programs; operating or technical difficulties in connection with exploration, mining or development activities; the speculative nature of mineral exploration and development, including the risks of diminishing quantities of grades of reserves and resources; the risks involved in the exploration, development and mining business, and the risks set forth in the Company's filings with the SEC at www.sec.gov. NioCorp disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise.
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SOURCE NioCorp Developments Ltd. | https://www.wibw.com/prnewswire/2022/09/06/niocorps-demonstration-plant-begins-testing-process-improvements-rare-earth-recovery-operations/ | 2022-09-06T13:03:41Z |
Salmon-Challis National Forest offices re-open for visitors
SALMON, Idaho (KIFI) - Beginning Monday, Salmon-Challis National Forest offices will re-open to members of the public.
The lobbies of the Public Lands Center in Salmon, and Ranger Stations in Leadore, North Fork, Challis and Mackay will be open Monday – Friday from 8 a.m. to 4:30 p.m.
In addition to regular visitor services and information, on Friday, April 29, the Salmon-Challis National Forest will have ponderosa pine and Douglas fir seedlings available for free in honor of Arbor Day. Quantities are limited and will be handed out on a first come-first served basis at the following locations and times:
- Challis-Yankee Fork Ranger District (311 N. US Highway 93, Challis): 10:00 a.m. to 11:30 a.m.
- Leadore Ranger District (103 Ranger Street): 10:00 a.m. to 4:00 p.m.
- Lost River Ranger District (716 W. Custer, Mackay): 1:30 p.m. to 3:00 p.m.
- North Fork Ranger District (11 Casey Road): 9:00 a.m. to 1:00 p.m.
- Salmon Public Lands Center (1206 S. Challis Street): 9:00 a.m. to 12:00 p.m. | https://localnews8.com/news/idaho/2022/04/24/salmon-challis-national-forest-offices-re-open-for-visitors/ | 2022-04-24T20:10:49Z |
CLIFTON, N.J., Aug. 19, 2022 /PRNewswire/ -- After more than 2 years of suspending shut off service for delinquent water accounts, Passaic Valley Water Commission (PVWC) will resume shut offs on August 22, 2022.
"Here at Passaic Valley Water Commission, we understand that the global Covid-19 pandemic placed burdens on families mentally, physically, spiritually, and financially," said Jim Mueller, the commission's executive director. "That's why we are encouraging customers to contact our customer service department at 973-340-4300 to discuss payment options. We want our customers to know that we're to help."
Since New Jersey's Moratorium on utility shut offs ended on March 15, 2022, we have been informing our customers via social media posts and messages on bills that we will begin shutting off delinquent accounts on August 22, 2022.
Payment Options
In Person: Visit PVWC's payment window located at 1525 Main Avenue, Clifton, Monday-Friday 7:30a-6:30p. Payment by cash, check, money order or credit card is accepted.
By Phone: Call us at 973-340-4300 to make a payment by phone through our 24/7 automated system or with a customer service representative during normal business hours.
Online: Visit Pay My Bill - PVWC to make an online payment with a checking account or credit card.
By Mail: Checks or money orders can be made out and mailed to: Passaic Valley Water Commission, 1525 Main Avenue, Clifton, NJ 07011.
LIHWAP: Visit https://njdca-housing.dynamics365portals.us/en-US/dcaid-services/ to learn about the Low-Income Household Water Assistance Program.
Payment Plan: PVWC offers no-interest payment plans. Please contact customer service at 973-340-4300 to discuss payment plan options and avoid service disconnection.
For more information about this release please contact Bryan Frierson at 973-931-4512 or bfrierson@pvwc.com.
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SOURCE Passaic Valley Water Commission | https://www.wibw.com/prnewswire/2022/08/19/passaic-valley-water-commission-will-begin-shutting-off-delinquent-water-accounts-encourages-customers-contact-customer-service/ | 2022-08-19T14:40:36Z |
CHICAGO (AP) — Grayson Allen once again responded to the boos from the fans and even his teammates by making shot after shot.
By the time he was finished, he had his highest point total in a postseason game. And the Milwaukee Bucks walked away with another lopsided win.
Allen set playoff career highs with 27 points and six 3-pointers, Giannis Antetokounmpo had 32 points and 17 rebounds and Milwaukee beat the Chicago Bulls 119-95 on Sunday to take a 3-1 lead in their first-round series.
Jrue Holiday scored 26, and the defending champion Bucks came away with another easy win after two shaky performances at home.
They’ve outscored the Bulls by a combined 54 points over the past two games. That includes a 111-81 romp Friday that was the most lopsided home playoff loss in franchise history.
The Bucks led by 22 early in the third quarter and steadied themselves after a push by Chicago. The defending NBA champions will try to wrap up the series in Milwaukee on Wednesday night.
Allen delivered another huge effort off the bench, surpassing his previous postseason scoring high of 22 points in Game 3. He made 10 of 12 shots and hit 6 of 7 3s, getting booed once again just about the entire time.
Allen, in his first season in Milwaukee, has a bad-boy image from his time at Duke. He is particularly unpopular in Chicago, where fans are upset about a hard foul that resulted in a broken wrist for Bulls guard Alex Caruso during a game in Milwaukee in January.
Teammates have since started having fun with the boos, letting him hear it at practices and film sessions, on the bus and at the hotel. And now, they’re doing it in games, too.
“They have so much fun,” Allen said, laughing. “I think it’s funny. I think it’s honestly hilarious. They’ve kind of turned it into a fun thing. It makes hearing it out there during the game a lot easier, too, because they think it’s so funny.”
Allen is 18 of 24 from the field and 11 for 14 on 3-pointers over the past two games. With Khris Middleton expected to miss the remainder of the series after spraining his left knee in Game 2, the Bucks needed it.
“He’s played well here in Chicago,” coach Mike Budenholzer said. “I think some of it’s his best basketball. I think it’s just the competitor in him, the fight in him. It’s always there, but maybe it’s a little heightened when we’re here.”
Antetokounmpo had seven assists. Holiday made five 3s.
Bobby Portis added 14 points and 10 rebounds in his second straight start with Middleton out, and the Bucks beat the Bulls for the 19th time in 21 games.
Zach LaVine led Chicago with 24 points and 13 assists, DeMar DeRozan scored 23 and Patrick Williams finished with 20 points and 10 rebounds.
“There were times where we gave really, really good effort and they still scored,” Bulls coach Billy Donovan said. “I think there were times we moved the ball and generated pretty good looks for each other and the ball didn’t go in the basket. That, I think, gets deflating. And you could kind of sense that a little bit.”
TIP-INS
Bucks: Portis and LaVine had to be separated in the closing minutes after they got tangled and had a heated exchange near the Bulls’ basketball. Portis wore goggles again to protect his right eye. Portis suffered an abrasion in Game 2 when he was hit by Chicago’s Tristan Thompson as they went for a rebound. … G George Hill (abdominal strain) missed his fifth game in a row. … G Luca Vildoza was unavailable because of a non-COVID illness. The 26-year-old Argentinean played eight minutes in Game 3 in his NBA debut, after signing with the Bucks on April 6.
Bulls: Caruso was being evaluated for a concussion after exiting the game late in the first half with a bleeding nose. Milwaukee’s Jevon Carter inadvertently hit Caruso in the face as Caruso tried to get around a pick by Antetokounmpo. … Chicago has lost six straight home playoff games since beating Cleveland in Game 3 of the 2015 Eastern Conference semifinals. Chicago dropped that series in six games. … Assistant coach Maurice Cheeks was back after missing Game 3 with a non-COVID-19 illness.
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More AP NBA: https://apnews.com/hub/nba and https://twitter.com/AP_Sports | https://cw33.com/sports/ap-sports/allen-scores-27-bucks-beat-bulls-119-95-to-take-3-1-lead/ | 2022-04-25T05:36:45Z |
Independent Research Shows the Smarter GTM™ Company Increases Revenue, While Boosting Sales & Marketing Productivity and Results
SAN FRANCISCO, April 20, 2022 /PRNewswire/ -- Demandbase, the Smarter GTM™ company for B2B brands, today announces the results of its commissioned Total Economic Impact™(TEI) Study conducted by Forrester Consulting. The study's goal is to help enterprise organizations understand the costs, business benefits, and potential return on investment (ROI) they may realize by deploying Demandbase ABX and Advertising Clouds. With the analysis based on a $200 million, 650-employee composite organization, Forrester found that Demandbase delivered 367% ROI in three years, with a net present value (NPV) of $1.94 million, and payback in less than six months. The platform was also found to help increase revenue by close to $1 million and to enable customers to avoid the additional costs of third-party tools.
"We've seen the impact Demandbase Ones has on customers time and again," says Gabe Rogol, chief executive officer of Demandbase. "It's really valuable, though, to have a highly respected, third-party research firm like Forrester conduct an independent evaluation of this impact. Their findings confirm what we've seen to be true, which is that our customers' success in sales, marketing and overall revenue is wildly amplified by using Demandbase."
In addition to discovering ROI and revenue potential, Forrester also uncovered further benefits that organizations can experience when using Demandbase, including:
- Marketing productivity gains — By leveraging Demandbase's Account Intelligence functions, ABM teams saved days determining which accounts were most likely to buy and what content would generate the most interest. As such, ABM teams increased their productivity and improved KPIs, such as a 3% improvement in the close rate for marketing sourced leads.
- Sales productivity gains — After implementing Demandbase, sales development representatives (SDRs) saw immediate improvements in their metrics, doubling their productivity. One ABM specialist said her team opened 22 new opportunities in just six months.
- Improved sales & marketing relationships — Interviewees noted that Demandbase drove sales and marketing alignment, with one reporting a 90% adoption rate of account executives (AEs) and SDRs using the tool.
"Historically, one of the most difficult, but necessary, parts of growing revenue is a strong relationship between sales and marketing," says Allison Metcalfe, chief revenue officer of Demandbase. "It's clear through this study that Demandbase not only improves ROI and revenue, but also gets to the heart of an organization by building a bridge between these two essential departments. This creates cohesion and ultimately empowers them to achieve an aligned, optimized go-to-market that puts customers first. This is an incredibly important part of what Demandbase delivers, and what fuels its noteworthy economic impact."
Click here to access the Total Economic Impact™ Of Demandbase: Cost Savings And Business Benefits Enabled By Demandbase, April 2022, a commissioned study conducted by Forrester Consulting on behalf of Demandbase and sign up for the webinar taking place on Tuesday, April 26 in which the Total Economic Impact™ of Demandbase will be further explored.
About Demandbase
Demandbase is Smarter GTM™ for B2B brands. We help marketing and sales teams spot the juiciest opportunities earlier and progress them faster by injecting Account Intelligence into every step of the buyer journey and orchestrating every action. For more information about Demandbase, visit www.demandbase.com.
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SOURCE Demandbase | https://www.wibw.com/prnewswire/2022/04/20/total-economic-impact-study-finds-demandbase-customers-achieve-367-roi/ | 2022-04-20T13:07:19Z |
LOS ANGELES, June 16, 2022 /PRNewswire/— Nonagen Bioscience, a cancer diagnostics company, today announced CE marking for its Oncuria® immunoassay for bladder cancer.
Oncuria is the first-of-its-kind multiplex urine test for the quantitative detection of 10 biomarkers in urine that are associated with the presence of bladder cancer. Bladder cancer is the tenth most diagnosed cancer in the world, with approximately 573,000 newly diagnosed cases worldwide each year.1 Bladder cancer is also highly recurrent. In fact, up to 77% of early-stage bladder tumors treated with current approaches (tumor resection and/or intravesical bacillus Calmette-Guérin [BCG] or chemotherapy) will recur.2
Oncuria now bears the CE marking and is registered under the EU In Vitro Diagnostic Directive (IVDD), EU Directive 98/79/EC, which allows Nonagen to sell the diagnostic in the European market.
"The CE mark demonstrates the quality of the Oncuria test, which reflects years of rigorous clinical development by an exceptional team," said Charles J. Rosser, MD, MBA, chief executive officer and chief medical officer at Nonagen Bioscience. "This is a significant first step on the path to the global commercialization of Oncuria."
Nonagen Bioscience is targeting a United States launch of Oncuria in the last quarter of 2022, followed soon after by a European launch of Oncuria as an IVDD. Pending US Food and Drug Administration approval, Nonagen Bioscience intends to make Oncuria available as an in vitro diagnostic.
Oncuria has been developed for the early detection of bladder cancer in patients presenting with hematuria (blood in the urine) or with a history of bladder cancer on disease surveillance. The test is performed using Luminex® xMAP technology. It is designed to detect the concentration of 10 proteins that are associated with bladder cancer in urine samples. The data are entered into a proprietary algorithm for providing diagnostic results for bladder cancer, which can be used in conjunction with (not in lieu of) current standard diagnostic procedures. In clinical studies, Oncuria was shown to have 93% sensitivity and 93% specificity for detecting bladder cancer.3 www.nonagen.com/products
Nonagen Bioscience a privately held biotechnology company is focused on globally reducing the burden of cancer with innovative diagnostics. As a physician-led company, Nonagen Bioscience is committed to bringing to the market best-in-class, noninvasive diagnostics for cancer detection, therapy choice, and disease monitoring, so patients can live better, longer lives. is currently developing diagnostics for bladder, breast, and prostate cancers. www.nonagen.com
References: 1. Sung H, Ferlay J, Siegel RL, et al. Global cancer statistics 2020: GLOBOCAN estimates of incidence and mortality worldwide for 36 cancers in 185 countries. CA Cancer J Clin. 2021;71(3):209-249. doi:10.3322/caac.21660 2. Witjes JA. Management of BCG failures in superficial bladder cancer: a review. Eur Urol. 2006;49(5):790-797. doi:10.1016/j.eururo.2006.01.017 3. Hirasawa Y, Pagano I, Chen R, et al. Diagnostic performance of Oncuria™, a urinalysis test for bladder cancer. J Transl Med. 2021;19(1):141. doi:10.1186/s12967-021-02796-4
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SOURCE Nonagen Bioscience | https://www.wibw.com/prnewswire/2022/06/16/nonagen-bioscience-announces-ce-mark-oncuria-bladder-cancer-diagnostic/ | 2022-06-16T22:00:07Z |
FESTUS, Mo. (KTVI) – Court records show a 3-year-old tested positive for methamphetamine and was hospitalized for months after staying at their father’s home in Missouri.
A police investigation at the home found meth mixed with candy in a bowl at the child’s level.
According to Det. Sgt. Lewis Pippin, of the Festus Police Department, the Missouri Department of Social Services was notified after a child tested positive for meth at a hospital. The MDSS Children’s Division launched an investigation and visited the child’s father’s home, along with the Festus Police Department.
Police said they found methamphetamine, mixed with candy, in a candy dish.
“Officers located a candy dish that had methamphetamine in it and candy around it, we believe that’s where the child may have gotten it,” Pippin said. “It’s an incredibly dangerous situation, and it had disastrous consequences.”
According to the probable cause statement, the 3-year-old was hospitalized with kidney and liver issues, along with muscle deterioration. The child’s current condition is not known.
The probable cause statement was filed in October 2021 and stated that the incident happened in April. According to the document, the child was still hospitalized at the time, which would mean the child had been hospitalized for at least five months.
“We respond to a lot of calls where there’s complaints there’s drugs around children,” Pippin said. “This is probably one of the more extreme cases because the child actually got a hold of the drugs and ingested it themselves.”
Police said there was a 1-year-old child also in the home at the time but did not show signs that they had ingested the drug.
“lt should be noted that the child only stayed with Smith for one night and began to show symptoms on the same night he was with Smith,” the probable cause statement read.
Authorities said they tested the white substance onsite, which preliminarily identified the substance as meth. They sent the white crystal substance to the Missouri State Highway Patrol Forensic Testing Laboratory for further review. On Sept. 23, 2021, the MSHP received the results that the substance was meth.
The probable cause statement, which was filed after the forensic testing result, said the incident happened on April 18, 2021.
The Jefferson County Sheriff’s Office confirmed Sunday that the father, Malcolm Smith, is in custody at the Jefferson County Jail. Court records show Smith is charged with two counts of endangering the welfare of a child and one count of possession of a controlled substance.
Missouri court records show Smith’s arraignment is scheduled for Aug. 3. | https://cw33.com/news/nexstar-media-wire/3-year-old-hospitalized-for-months-after-ingesting-meth-police-find-drug-mixed-with-candy/ | 2022-05-23T18:44:28Z |
Dove, Mondelēz International, PepsiCo and S.Pellegrino Among First Brands Engaging More Consumers with Immersive, Shoppable Storytelling on Instacart
SAN FRANCISCO, May 26, 2022 /PRNewswire/ -- Instacart today announced two new advertising solutions that bring together the best of inspirational storytelling and action: shoppable video ads and enhanced shoppable display ads. These new formats expand Instacart's ad product suite with inspiring experiences to give brands a more immersive way to storytell, engage and drive sales. Shoppable video and shoppable display enable CPG brands to shorten the user journey from awareness and product discovery directly to purchase – all within one rich media unit. Advertisers can now promote engaging, targeted, creative content to consumers as they shop from their favorite retailers on Instacart. Dove, Mondelēz International, PepsiCo and S.Pellegrino are among the first CPG brands to pilot Instacart's shoppable video and shoppable display products.
"Advertisers choose Instacart because we've built a platform with high-intent consumers, unparalleled scale of retailers, and closed-looped measurement, all of which drives meaningful results for our brand partners," said Ali Miller, Vice President of Ads Product at Instacart. "We designed our new shoppable ad products to create more brand storytelling opportunities for CPGs, help them inspire and reach new and existing consumers, and ultimately drive sales in a singular unit. We see that these kinds of shoppable rich media experiences resonate with consumers as well, as we're bringing more discovery and inspiration to the online shopping experience. We're grateful to work with brand partners who have been excited to innovate with us and incubate these formats along the way to drive maximum impact."
Instacart's new shoppable video ads will equip brands to combine the powerful storytelling capabilities of video creative with an in-line set of shoppable products to shorten the path from discovery to purchase. Advertisers will be able to fuel brand affinity with rich stories, motion and audio, and inspire bigger baskets with seamless add to cart functionality. Throughout the pilot, Instacart will test and learn alongside its CPG brand partners to determine best practices and inform what the shoppable video product looks like when it is available to all brands in Instacart's self-service portal, Ads Manager, later this year.
Building on the early success of its inaugural display ads product, Instacart has created a new, iterative, shoppable display product to inspire basket building through discovery and purchase. This new shoppable display format is a CPG brand's contextual 'pop up shop' on Instacart and enables them to reach the right consumer at the right time to drive consideration and bigger baskets – without disrupting the shopping experience. The engaging new format features brand imagery coupled with direct add to cart functionality; brands are able to pin a bundle of items that inspires complementary purchases, innovation, and drives routine purchases. More than 40 CPG brands have piloted the shoppable display product, which will be generally available to all brand partners in Ads Manager later this summer. Dove first partnered with Instacart Ads in 2017 with sponsored product campaigns, and expanded as an early pioneer with shoppable display for their "Nourish Your Beauty" campaign.
"Across all our Dove campaigns, we tell real, thoughtful stories of beauty as a source of confidence, not anxiety, that our audience can authentically connect with and that inspire the next generation," said Leslie Miller, Marketing Director on Dove. "At the same time, we are constantly looking for innovative platforms to engage with our audience. Working with Instacart Ads has enabled us to try new tools that do just that. Testing Instacart's new shoppable display and shoppable video ads have equipped us to inspire even more people with our brand storytelling and seamlessly drive purchases as they shop on Instacart."
"Partnering with Instacart helps us stay ahead of the curve when it comes to inspiring and engaging consumers along their shopping journey," said Emily Frankel, SVP, eCommerce Marketing Head at PepsiCo. "Multiple PepsiCo brands have joined the Instacart video and display pilots to test and learn. Shoppable display has proven to be an effective way to drive first-time purchase of our products via the Instacart platform, and while we're just getting started with shoppable video, we look forward to continuing our work to give consumers a compelling omnichannel experience."
"We're thrilled to partner with Instacart. Online grocery shopping is critical to our long-term growth strategy and we are excited to create a richer experience for our consumers as they shop for our beloved brands." - Wesley Saraceni, Senior Director of Marketing Digital Commerce at Mondelēz International.
Instacart's new shoppable video and shoppable display products expand the company's robust advertising tool kit and help CPG brands of all sizes deeply engage with consumers directly at the point of purchase. Now, advertisers have even more choices and touchpoints to inspire consumers throughout the entire shopping journey. The new shoppable video and display products, alongside the company's flagship sponsored product offering, brand pages and suite of display ad solutions, equip brands on Instacart with comprehensive full-funnel marketing capabilities to reach valuable consumers at the point of purchase and drive effective, measurable outcomes.
Instacart today offers self-service and managed ad services for more than 5,000 CPG brands. Instacart also partners with industry-leading API partners that have built campaign management and optimization applications leveraging the Instacart Ads API.
To learn more and connect with the Instacart Ads team, visit ads.instacart.com
About Instacart
Instacart is a leading retail enablement platform that works with grocers and retailers to transform how people shop. Today, Instacart partners with more than 800 national, regional and local retail brands to facilitate online shopping, delivery and pickup services from more than 70,000 stores across more than 5,500 cities in North America. Millions of busy people and families turn to Instacart to get the groceries they need from the retailers they love, and more than 600,000 Instacart shoppers pick, pack and deliver orders for customers on their own flexible schedule. The Instacart Platform offers a suite of enterprise-grade technology products and services to power e-commerce, fulfillment, in-store, ads and insights for retailers across the U.S. and Canada. Hundreds of retailers partner with Instacart to power their e-commerce experiences across the Instacart App and their own white-label sites and solutions. With Instacart Ads, thousands of CPG brands partner with the company to connect directly with consumers online. For more information, visit www.instacart.com/company, and to start shopping, visit www.instacart.com. For anyone interested in becoming an Instacart shopper, visit https://shoppers.instacart.com/.
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SOURCE Instacart | https://www.wibw.com/prnewswire/2022/05/26/instacart-announces-new-shoppable-video-display-advertising-products-driving-inspiration-discovery-purchase/ | 2022-05-26T16:47:14Z |
NEW YORK, July 19, 2022 /PRNewswire/ -- The Klein Law Firm announces that a class action complaint has been filed on behalf of shareholders of Digital Turbine, Inc. (NASDAQ: APPS) alleging that the Company violated federal securities laws.
Class Period: August 9, 2021 to May 17, 2022
Lead Plaintiff Deadline: August 5, 2022
No obligation or cost to you.
Learn more about your recoverable losses in APPS:
https://www.kleinstocklaw.com/pslra-1/digital-turbine-inc-loss-submission-form?id=29923&from=4
Digital Turbine, Inc. NEWS - APPS NEWS
CLASS ACTION CASE DETAILS: The filed complaint alleges that Digital Turbine, Inc. made materially false and/or misleading statements and/or failed to disclose that: (1) the Company's recent acquisitions, AdColony and Fyber, act as agents in certain of their respective product lines; (2) as a result, revenues for those product lines must be reported net of license fees and revenue share, rather than on a gross basis; (3) the Company's internal control over financial reporting as to revenue recognition was deficient; and (4) as a result of the foregoing, the Company's net revenues was overstated throughout fiscal 2022; and (5) as a result of the foregoing, defendants' positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis.
WHAT THIS MEANS TO YOU AS A SHAREHOLDER: If you have suffered a loss in Digital Turbine you have until August 5, 2022 to petition the court for lead plaintiff status. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.
NO COST TO YOU: If you purchased Digital Turbine securities during the relevant period, you may be entitled to compensation without payment of any out-of-pocket fees.
HOW TO PROTECT YOUR FINANCIAL INTERESTS: For additional information about the APPS lawsuit, please contact J. Klein, Esq. by telephone at 212-616-4899 or click this link: https://www.kleinstocklaw.com/pslra-1/digital-turbine-inc-loss-submission-form?id=29923&from=4.
ABOUT KLEIN LAW FIRM
J. Klein, Esq. represents investors and participates in securities litigations involving financial fraud throughout the nation. The Klein Law Firm is a boutique litigation firm with experience in a wide range of areas including securities law, corporate finance and commercial litigation. Since 2011, our experienced attorneys have achieved superior results for our clients with a personalized focus. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT:
J. Klein, Esq.
Empire State Building
350 Fifth Avenue
59th Floor
New York, NY 10118
jk@kleinstocklaw.com
Telephone: (212) 616-4899
www.kleinstocklaw.com
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SOURCE The Klein Law Firm | https://www.wibw.com/prnewswire/2022/07/19/apps-alert-klein-law-firm-announces-lead-plaintiff-deadline-august-5-2022-class-action-filed-behalf-digital-turbine-inc-shareholders/ | 2022-07-19T10:37:03Z |
LOS ANGELES, June 1, 2022 /PRNewswire/ -- Day One Beverages, the sparkling CBD water brand and exclusive CBD partner of USA Pickleball, announces a momentous sponsorship deal with the Johnson's, a family of professional pickleball superstars who have taken the pro pickleball world by storm. The top-ranked family includes Julie Johnson, mother and senior pro pickleball player, and her two pro-pickleball-playing children, JW Johnson and Jorja Johnson.
"Day One is thrilled to be sponsoring world-class athletes in JW, Jorja, and Julie Johnson. The Johnson family embodies what Day One is about; they pursue their best on and off the court and do so while living a healthy lifestyle. For us, it's exciting to see competitors of their caliber use our products day-in and day-out, and we look forward to helping them focus, recover, and continue on their pursuit of excellence," states Chris Clifford, CEO of Day One.
As a family, the Johnson's have dedicated every aspect of their life to mastering the increasingly popular sport with restricted diets, professional off-court strength training, and proper post-game recovery. The family is thrilled to add Day One Beverages to their selective portfolio of sponsors as they're aligned with the brand's authentic mission of providing both pickleball athletes and consumers alike with highly effective and natural post-workout support, recovery, and relief.
"Day One recognizes the needs of Pickleball players of all ages and levels. As people become familiar with the performance of the products the Day One brand will become a mainstay in our sport like it is in our family," says Mother & pro pickleball player, Julie Johnson.
JW Johnson also shares, "Professional Pickleball is a series of one-day events with up to 6 matches per day. Post-match recovery is essential and the reason I incorporate Day One products into my tournament and daily workout routine. When I'm off-court, Day One's products are key in helping me reset and rebalance."
Day One's product line includes a collection of CBD Sparkling Waters that contain 100% natural fruit juice, zero calories, 0% sugar, and 20mg of CBD to deliver hydration, balance, and clarity. Their latest co-branded product launch with USA Pickleball includes an extra-strength CBD Recovery Cream that features 2000 mg of THC-free CBD for increased support with muscle and joint pain recovery and injury assistance, at an affordable cost.
"Earlier this year I was experiencing shoulder pain during a match and my father had me try the DayOne topical cream. I ended up coming back to win the match as well as my first professional APP singles tournament," states Jorja Johnson.
About Day One:
Day One is not a lifestyle, it's a state of mind and appeals to the active, fun-loving, and community oriented. Anyone who drinks or applies Day One can reach their peak performance, no matter what it is they do. The brand loves people of all shapes, sizes, and ages, much like the sport of pickleball, and wants to get you back on the court as soon as possible. Train hard, recover fast, and add Day One to your everyday wellness routine. For additional information and to purchase, please visit DrinkDayOne.com and be sure to follow Day One on Instagram @DrinkDayOne.
About The Johnson Family:
Approachable, sincere, and funny, the Johnsons are a beloved pickleball family that dominates each of their divisions. Julie Johnson has taken home multiple triple crowns in the senior pro circuit, and most recently, JW took home his second Triple Crown at the South Carolina Open and is now #1 in the DUPR World Pickleball Singles rankings. Jorja Johnson, 15 years old, recently won her first professional singles title, defeating veteran Andrea Koop, in the APP Delray Open Finals this past March. They are based in Boynton Beach, Florida.
Press Contact:
Push The Envelope PR
Christie Corso
732.534.5132
Christie@pushtheenvelopepr.com
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SOURCE Day One Beverages | https://www.wibw.com/prnewswire/2022/06/01/day-one-beverages-exclusive-cbd-partner-usa-pickleball-announces-sponsorship-with-professional-pickleball-family-johnsons/ | 2022-06-01T11:16:02Z |
COPENHAGEN, Denmark (AP) — The world’s biggest shipping company, Denmark’s A.P. Moeller-Maersk, said Wednesday that it had delivered its “best earnings quarter ever,” driven by higher freight rates and more contracts being signed.
The Copenhagen, Denmark-based company said its revenue for the first three months of the year came in at $19.3 billion, up from $12.4 billion for the same period last year. Profits before taxes came in at $7.3 billion, up from $3.1 billion a year ago.
Maersk reported that the financial impact of Russia’s war in Ukraine amounted to $718 million in the first quarter. The company, which announced that it was withdrawing from Russia, said it completed its last cargo operation in a Russian port Monday.
It said it has started the process to sell its 30.75% stake in Global Ports Investments, which operates six terminals in Russia and two in Finland.
CEO Søren Skou said that while global supply chains remain under significant pressure, “we continue to demonstrate superior ability to help customers overcome logistic challenges.”
The company added that its financial performance for the year “depends on several factors and is subject to uncertainties related to the situation in Russia and Ukraine, COVID-19, bunker fuel prices and freight rates, given the uncertain macroeconomic conditions.”
Maersk operates in 130 countries and employs about 95,000 people. | https://cw33.com/business/ap-business/shipping-company-maersk-sees-record-quarter-as-demand-surges/ | 2022-05-05T04:57:59Z |
NASHVILLE, Tenn. (AP) — Tennessee’s governor on Thursday called off what would have been the state’s first execution since the pandemic began, granting a temporary reprieve to the oldest inmate on death row for what was called an “oversight” in preparations for the lethal injection.
Republican Gov. Bill Lee didn’t elaborate on what exactly forced the surprise 11th-hour stop to the planned execution of 72-year-old Oscar Smith. But Amy Harwell, an attorney with the federal public defender’s office representing Smith, said her office received a notice that the issue dealt with “mishandling” of the drugs — though no further specifics were provided to her office.
The inmate had been scheduled to receive a three-drug injection only a short while later at a Nashville maximum security prison.
“Due to an oversight in preparation for lethal injection, the scheduled execution of Oscar Smith will not move forward tonight. I am granting a temporary reprieve while we address Tennessee Department of Correction protocol,” Lee said in a statement promising further details once available.
Kelley Henry, another attorney with the federal public defender’s office, called for an independent entity to investigate, saying no execution should happen until questions are answered.
Henry said the governor did the “right thing” by stopping the execution which would “certainly have been torturous to Mr. Smith.”
Smith was convicted of the 1989 killings of his estranged wife and her two teenage sons. Shortly before the governor intervened, the U.S. Supreme Court had denied a last-hour bid by Smith’s attorneys for a stay.
His reprieve is in effect until the beginning of June.
Dorinda Carter, a Department of Correction spokesperson, said the state Supreme Court would need to reschedule the execution. She said Smith would be removed from death watch and returned to his death row cell.
State officials declined to provide further information.
Just before learning of his reprieve, Smith had received communion from his spiritual adviser, who was going to be allowed in the execution chamber.
Hours earlier, Smith had been served what was supposed to be his last meal, including a double bacon cheeseburger and apple pie.
Tennessee had planned for five executions this year, including Smith’s. It has been seeking to resume its quick, pre-pandemic pace of putting inmates to death. Heading into Thursday, the five pending death warrants tied Tennessee with Texas for the most nationally this year, according to the Washington-based nonprofit Death Penalty Information Center.
Texas, however, executed its oldest death row inmate on Thursday evening. Carl Wayne Buntion, 78, was put to death for the June 1990 fatal shooting of a Houston police officer, James Irby, during a traffic stop.
Smith had initially been scheduled for a June 2020 execution, one of several dates delayed because of the pandemic.
Smith was convicted of fatally stabbing and shooting Judith Smith and her sons Jason and Chad Burnett, 13 and 16, at their Nashville home on Oct. 1, 1989.
Smith has maintained he is innocent. In a clemency filing, rejectedTuesday by Lee, Smith’s legal team claimed problems with the jury in his 1990 trial. His attorneys were earlier denied requests to reopen his case after a new type of DNA analysis found the DNA of an unknown person on one of the murder weapons.
Tennessee has not conducted any executions since February 2020, when Nicholas Sutton died in the electric chair for the killing of a fellow inmate in an east Tennessee prison. Of the seven inmates Tennessee has put to death since 2018 — when Tennessee ended an execution pause stretching back to 2009 — only two died by lethal injection.
Smith had earlier declined to choose between the chair and lethal injection, so lethal injection became the default method.
Tennessee uses a three-drug series to put inmates to death: midazolam, a sedative to render the inmate unconscious; vecuronium bromide, to paralyze the inmate; and potassium chloride, to stop the heart.
Officials have said midazolam renders an inmate unconscious and unable to feel pain. Expert witnesses for inmates, however, say the drugs would cause sensations of drowning, suffocation and chemical burning while leaving inmates unable to move or call out. The assessment has led to more inmates selecting the electric chair over lethal injection.
Tennessee’s moves to continue with lethal injections come amid shortages of execution drugs in other states. For one, South Carolina has cited its struggles to obtain lethal injection drugs in recent years — a problem in many states because pharmacies and manufacturers have refused to supply their medications for executions — as it forges ahead withplans for a rare U.S. firing squad execution. That execution has been delayed as well.
Lawmakers in South Carolina have failed to pass the kind of law to keep its execution drug suppliers confidential that Tennessee has in place.
In Oklahoma last October, an inmate executed using the same three-drug lethal injection convulsed and vomitedafter receiving midazolam. Oklahoma has carried out three lethal injections since, without similar reactions reported. | https://cw33.com/news/u-s-news/ap-u-s-headlines/tennessee-plans-1st-covid-19-era-execution-more-scheduled-2/ | 2022-04-22T21:52:20Z |
Basketball’s Cavinder twins say they’ve transferred to Miami
By TIM REYNOLDS
AP Basketball Writer
CORAL GABLES, Fla. (AP) — Haley and Hanna Cavinder are about to expose 4 million fans to Miami women’s basketball. The Cavinder sisters — identical 5-foot-6 twin guards who combined to average 34.2 points per game in their three seasons at Fresno State and built an enormous social media following during the pandemic — announced Thursday night that they are transferring to Miami for their senior seasons. Their notable stats: 3,040 combined points in 89 games, 400,000 Instagram followers apiece and 4 million more on their shared TikTok account that mostly features them dancing side-by-side. | https://localnews8.com/sports/ap-national-sports/2022/04/21/basketballs-cavinder-twins-say-theyll-transfer-to-miami/ | 2022-04-22T03:50:49Z |
Mann urges DOC to release fertilizer import duties in face of inflation
TOPEKA, Kan. (WIBW) - Congressman Tracey Mann has urged the Department of Commerce from releasing duties on fertilizer imports from Trinidad and Tobago as Kansas farmers continue to struggle due to inflation.
On Wednesday, June 15, U.S. Representative Tracey Mann (R-KS) says he and U.S. Senator Jerry Moran (R-Kan.) led several colleagues to send a letter to the U.S. Department of Commerce which urges it to conder the record-high fertilizer cost.
Rep. Mann noted that the letter asks the DOC to consider the suspension of requirements placed on urea ammonium nitrate fertilizer imports from Trinidad and Tobago.
“The Department’s decision to exercise its discretion to increase the producer/exporter’s cost of production, and thus its dumping margin, has effectively shut down all imports of [urea ammonium nitrate] UAN from Trinidad and Tobago at a time when U.S. fertilizer prices are at all-time highs,” the members wrote. “Unfortunately, the Department’s preliminary determination is only contributing to extreme hardship to America’s farmers.”
Congressman Mann said the letter came a day before the U.S. International Trade Commission heard final arguments in the antidumping duty investigation of UAN fertilizers from Trinidad and Tobago. He said he testified on behalf of Kansas farmers and agricultural producers who have made decisions on what to plant solely based on the cost of fertilizer rather than typical market conditions.
“Since the ITC’s determination to investigate UAN fertilizers from Trinidad and Tobago, conditions surrounding on-farm expenses in the United States have dramatically worsened,” Mann testified. “Extreme weather has significantly delayed or prolonged planting. The supply chain is the most congested it has been in decades. Farm production costs are at record levels; just in the last year, fuel is up 115%, natural gas is up 202%, and fertilizer is up 220%. To make matters worse, the Department of Commerce made the decision to effectively shut down all imports of UAN from Trinidad and Tobago.”
Mann indicated that the letter follows a bicameral bipartisan letter he and Moran, along with 84 other members, wrote the ITC which states that the elimination of the duties on fertilizer imports provides the most immediate chance for a near-term, partial remedy to the high costs of fertilizer before the end of the 2022 planting season.
To read the full text of the letter, click HERE.
Copyright 2022 WIBW. All rights reserved. | https://www.wibw.com/2022/06/17/mann-urges-doc-release-fertilizer-import-duties-face-inflation/ | 2022-06-17T22:29:55Z |
Robust, Well-Connected Facility to Increase Space & Power Capacity and Deliver Full-Stack IT Services within Miami Metro Area
MIAMI, June 9, 2022 /PRNewswire/ -- iM Critical, a data center and IT services company shaping the future of IT infrastructure, today announces the newest location in its growing footprint: the iM Critical Miami Data Center. This 100,000-square-foot building, purpose-built for mission critical operations, is offering over 60,000 square feet for colocation and 5MW of power, available today.
Located in the heart of Miami, this strategically located IT hub resides above the 100+-year flood plain and is situated outside of hurricane evacuation zones, offering heavy floor load capacity and 13'8'' clear ceiling heights. In addition to keeping advanced IT equipment safe from its surroundings, this data center delivers robust space and power without the traditional constraints often found in this market's available facilities.
The data center location is highly connected to meet and exceed customers' demands for data agility and mobility, offering diverse fiber entrances with direct, carrier-neutral interconnection to dozens of peers and direct public cloud on-ramp. This is augmented with easy access to interstate highways and major airports. Scalable retail and wholesale colocation options are available to customers, along with a 24/7 onsite Network Operations Center, disaster recovery suites, and full-stack IT managed services. These services include:
- Managed servers, storage, and networking with private and hybrid cloud aaS
- Cyber security support: monitoring, intrusion detection and rapid response
"Our Miami location has the potential to remove many barriers for organizations within this metro, while allowing for unimpeded growth of data center operations — augmented by our intense focus on sustainability initiatives," states Michael Roark, CEO of iM Critical. "These transformative digital offerings are supported by our high-touch service and our team's depth of experience designing, engineering, building, owning and operating data centers. We're thrilled to be bringing this game-changing location to market."
The site's power (which is fed from three utility substations) and expandable power infrastructure is also augmented by on-site renewable energy sources. Similar to iM Critical's recently unveiled Pittsburgh campus, this Miami data center is driven by iM's core commitment to leadership in environmentally conscious and sustainable IT practices. This allows the company and its customers to address one of the most pressing technological mandates of the era: combating climate change and IT's impact on global environments with sustainable, more energy-efficient data center operations.
"Our Pittsburgh announcement was a giant step towards showcasing our innovation in the realm of IT infrastructure to respond to demand for high-performance colocation data centers with imbedded IT service offerings," states Lenny Chesal, iM's Chief Evangelist. "Our Miami location follows suit and will serve to bring this robust building back to life and generate new opportunities to this historic Little River community. We will be working closely with the South Florida tech scene to grow the expanding ecosystem of startups, fast-growth companies, and dynamic enterprises looking for transformative solutions. I am thrilled to be back in Miami where I started in the data center business in 2000!"
To learn more about iM Critical's Miami campus, click here or take the flyover now.
iM Critical is shaping the future of data centers. We provide colocation with deep insight into IT managed service offerings and a specialization in High Performance Computing (HPC). Our service platforms include Colocation, HPC, Cloud, Storage aaS, Network, 24/7 IT NOC Services with premier DR aaS, Cloud Connect, Data Security and IT Transformation aaS solutions. iM Critical provides access to strategic carrier-neutral networks and cloud onramps, risk mitigation, continuous uptime, and data security. Our solutions deliver quality and sustainable innovation, saving customers time, money, and resources — all while staying true to our core planet first philosophy…Purpose-Driven by Enlightened Engineering.
To learn more, visit www.imcritical.com.
Media Contact for iM Critical
Jaymie Scotto & Associates (JSA)
jsa_imdc@jsa.net
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SOURCE iM Critical | https://www.kxii.com/prnewswire/2022/06/09/introducing-im-criticals-miami-data-center-miamis-next-gen-hub-mission-critical-colocation/ | 2022-06-09T12:31:05Z |
LOS ANGELES (AP) — Rapper A$AP Rocky was charged with two felonies Monday for pulling a gun on a former friend and firing in Hollywood last year, prosecutors said.
The Los Angeles County District Attorney’s Office charged the 33-year-old New York native, whose legal name is Rakim Athelaston Mayers, with two counts of assault with a semiautomatic firearm.
Prosecutors allege that during an argument on Nov. 6, 2021, Mayers pointed the handgun at the victim, then in a subsequent confrontation drew the gun again and fired twice in the direction of the man, who sustained a minor injury. His name has not been released.
Mayers has not entered a plea to the charges. He is scheduled to be arraigned Wednesday. An email seeking comment from representatives was not immediately returned.
“Discharging a gun in a public place is a serious offense that could have ended with tragic consequences not only for the person targeted but also for innocent bystanders visiting Hollywood,” said District Attorney George Gascón said in a statement.
Mayers and two other men fled the scene after he fired the gun, police said. He was first arrested for the incident at Los Angeles International Airport on April 20, and was released on bail the same day.
A member of the Harlem hip hop collective A$AP Mob, A$AP Rocky first made his mark in music with the single “Peso” in 2011. His 2013 debut album, “Long. Live. A$AP,” went to No. 1 on the Billboard 200, as did its 2015 follow-up, “At. Long. Last. A$AP.” He has been nominated for two Grammy Awards.
He is in a relationship with Rihanna, and the two had a son in May.
Mayers released his last studio album four years ago, and like Rihanna has become as known for fashion trendsetting as he is for music.
He was the focus of international attention in 2019 after being detained for nearly a month in Sweden following a street brawl. He was found guilty of assault and given a “conditional sentence” that meant no additional time in jail.
___
Follow AP Entertainment Writer Andrew Dalton on Twitter: https://twitter.com/andyjamesdalton | https://cw33.com/entertainment-news/ap-entertainment/rapper-aap-rocky-charged-with-felony-assault-with-a-firearm/ | 2022-08-17T00:45:56Z |
For the second year, THOR sponsors Girl Scouts Love State Parks weekend focused on inclusivity in the outdoors and stewardship of public lands
ELKHART, Ind., Aug. 1, 2022 /PRNewswire/ -- Underscoring its continued commitment to promoting inclusivity in the outdoors, THOR Industries, Inc. (NYSE: THO) is highlighting its two-year partnership with Girl Scouts of the USA (GSUSA), the preeminent leadership development organization for girls grades K-12, through the short film "Stronger Together".
In the multi-year partnership, THOR sponsors GSUSA's largest and most popular outdoor event, Girl Scouts Love State Parks. The annual event is hosted in nearly 500 state parks across all 50 states and Puerto Rico. The 2022 event, occurring September 10th and 11th, will be focused on inclusivity and park stewardship.
Girl Scouts will once again incorporate THOR's sustainability program, Pick Up America, into its park stewardship efforts. Any of the nearly 75,000 Girl Scouts and families expected to participate may pledge to remove bags of trash from public lands through a custom-designed, co-branded Pick Up America website. Since the founding of the partnership, Girl Scouts have pledged to remove more than 22 tons of trash from public lands – contributing to more than 259 tons of trash pledged to be removed from public lands since the Pick Up America program launched in 2019.
"We are proud to be working with Girl Scouts and look forward to supporting their continued success in providing girls with outdoor experiences that build confident, courageous leaders," shared Bob Martin, President and CEO of THOR Industries. "Girl Scouts Love State Parks is a great opportunity to connect people with nature and families with each other while promoting stewardship in state parks across our great nation."
The film, "Stronger Together: Girl Scouts and THOR's commitment to equity in the outdoors" illustrates the organizations' shared values and shared commitment to outdoor equity and environmental stewardship.
THOR Industries is the sole owner of operating companies which, combined, represent the world's largest RV manufacturer. For more information on the Company and its products, please visit https://www.thorindustries.com/.
Girl Scouts bring their dreams to life and work together to build a better world. Through programs from coast to coast, Girl Scouts of all backgrounds and abilities can be unapologetically themselves as they discover their strengths and rise to meet new challenges—whether they want to climb to the top of a tree or the top of their class, lace up their boots for a hike or advocate for climate justice, or make their first best friends. Backed by trusted adult volunteers, mentors, and millions of alums, Girl Scouts lead the way as they find their voices and make changes that affect the issues most important to them. To join us, volunteer, reconnect, or donate, visit girlscouts.org.
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SOURCE THOR Industries | https://www.kxii.com/prnewswire/2022/08/01/thor-industries-highlights-partnership-with-girl-scouts-usa/ | 2022-08-01T13:05:39Z |
A new model for developing diversity, equity, and inclusion in the organization can increase employee satisfaction.
CAMBRIDGE, Mass., June 7, 2022 /PRNewswire/ -- According to new research released today in MIT Sloan Management Review, achieving DEI isn't a linear process but rather a commitment to cultivating core values and turning guiding principles into organizational habits.
Based on surveys and field studies from companies that have demonstrated significant progress toward DEI, The values/principles model (or VPM) is a structured and measurable framework for transforming the workplace. It forms a belief system that guides attitudes and motivates the actions of people within an organization.
"It is the best of times; it is the worst of times, when it comes to diversity, equity, and inclusion," states Anselm A. Beach, deputy assistant secretary of the Army — Equity and Inclusion Agency, Department of the Army. "Conversations about equity and inclusion are getting lots of attention. But conversations that are not in the right context can cause frustration and misunderstanding. We aim to frame a new conversation so that no person or organization is left behind."
The values/principle model developed by Beach and coauthor, Albert H. Segars, PNC Bank Distinguished Professor at the Kenan-Flagler Business School, at University of North Carolina at Chapel Hill, Albert H. Segars, is an opportunity for the entire organization. It is based on four values (the destination) with seven guiding principles (the directions to the destination). Included are examples from organizations such as Google, Disney, Mayo Clinic, and Marvel Comics.
Representation is rooted in the idea that diversity is an asset. When people are recognized for their individuality and unique voices, experiences become richer and more profoundly human. It encourages all to learn about and from people who are unlike themselves, and expands the capabilities of the organization, its talent pool, and the range of possible business outcomes.
Participation is a deeper engagement within each community and creates an environment in which everyone feels free to share their knowledge and is able to make contributions. Companies will cultivate a diverse array of problem solvers and generate more innovative outcomes.
Application is the most difficult value to achieve, but when achieved, organizations become more human-centered. Titles reflect what a person does, not their hierarchy. Employee identity becomes associated with talent rather than how many people they oversee. Performance is measured by individual accomplishments. Organizations that adopt inclusive designs learn to see that no customer is average and learn to service their customers better.
Appreciation is recognizing the value DEI brings, being grateful for it, and relying on it to make an organization successful. Being recognized by a team or department matters much more than a corporate award. People feel more loyalty to their work group than to the organization. Rewards should be redesigned to reflect connectedness among people and their work groups, thus highlighting inclusion.
Beach and Segars advise leaders to think about the values as what an organization may become. The seven guiding principles provide the directions to achieve this. Begin by prioritizing the following practices:
- Build a moral case.
- Encourage willful interrogation.
- Develop new mental models.
- Adopt entrepreneurial leadership.
- Ensure accountability.
- Be ambitious.
- Expand the boundary.
"Think about the values/principle model as giving your team the best tools to succeed not just for themselves but for the organization and the customers. You are offering left-handed baseball gloves to those who need them rather than forcing everyone to play right-handed and thus preventing some people from doing their best," added Segars.
DEI is not something to be delegated to a subcommittee or achieved by adding a photo to a website; it is an organization-wide effort that can become the foundation for fresh ideas and new possibilities. It is innovative, transformative, and inclusive.
The Research
Beach and Segars identified the four values and seven principles that lead to transformational change in a multiyear field study of 17 organizations that have been recognized for their innovativeness and effectiveness in DEI by multiple sources that rank businesses, including Glassdoor, Forbes, and Fortune.
In the first phase of the research, they conducted in-depth interviews with 55 executives, 33 middle managers, and 73 team members in the organizations about their diversity, equity, and inclusion goals and what they considered to be an effective path to achieve them. Analysis of these interviews yielded the values and the principles. They tested the model by surveying a diverse set of 350 employees in the same organizations, asking them to rate the degree to which the principles had been applied and values achieved. These respondents also assessed overall workplace satisfaction, which is a reliable metric for understanding how employees feel about their work environment and opportunities for advancement.
Beach and Segars validated the model further with a second round of surveys, this time of general managers from 113 Fortune 250 companies. Using the same approach as for the initial phase, they asked HR professionals in each company to recommend two respondents, one of whom identified as a member of an underrepresented population. Many companies asked for an additional pair of respondents to complete the survey, resulting in 430 total responses. The second survey confirmed the results from phase one.
The MIT Sloan Management Review (MIT SMR) article, "How a Values-Based Approach Advances DEI," publishes at 11 a.m. EDT on June 7, 2022.
About the Authors
Anselm A. Beach is deputy assistant secretary of the Army—Equity and Inclusion Agency, with the United States Department of the Army. Albert H. Segars is the PNC Bank Distinguished Professor at the Kenan-Flagler Business School at the University of North Carolina at Chapel Hill.
About MIT Sloan Management Review
MIT Sloan Management Review (MIT SMR) is an independent, research-based magazine and digital platform for business leaders, published at the MIT Sloan School of Management. MIT SMR explores how leadership and management are transforming in a disruptive world. We help thoughtful leaders capture the exciting opportunities — and face down the challenges — created as technological, societal, and environmental forces reshape how organizations operate, compete, and create value.
Connect with MIT Sloan Management Review on:
Tess Woods
Tess@TessWoodsPR.com
617-942-0336
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SOURCE MIT Sloan Management Review | https://www.kxii.com/prnewswire/2022/06/07/how-values-based-approach-advances-dei/ | 2022-06-07T16:20:41Z |
2021 Sustainability Report highlights efforts supporting decarbonization and circularity and outlines progress toward 2030 goals
PHOENIX, July 19, 2022 /PRNewswire/ -- Republic Services, Inc. (NYSE: RSG), a leader in the environmental services industry, has released its 2021 Sustainability Report, which highlights the Company's efforts supporting decarbonization and circularity and outlines continued progress toward its ambitious 2030 sustainability goals. Achievements include a 9% reduction in operational greenhouse gas emissions over the 2017 baseline year, ahead of pace to reach the Company's interim target of a 10% reduction by 2025, and development of the nation's first integrated plastics recycling facility.
"At Republic Services, we view sustainability as more than just how we operate. We see it as a platform for growth, allowing us to innovate and invest in projects that will deliver significant environmental and economic benefits over time," said Jon Vander Ark, president and chief executive officer. "We've made ambitious, industry-leading commitments across our business to reduce emissions and decarbonize our operations. Not only are we making significant progress toward these 2030 goals, but we're helping our customers reach their own sustainability goals."
Republic's vision is to partner with customers to create a more sustainable world. This approach begins with its Elements of Sustainability – Safety, Talent, Climate Leadership and Communities – which anchor the Company's 2030 goals. In addition to tracking progress toward these goals, the 2021 Sustainability Report includes new disclosures around environmental justice, supplier diversity and biodiversity conservation.
Additional highlights from the report:
Safety
- Recorded 38% better safety performance than the industry average over the past 10-year period[1]
- Swept the industry's Driver and Operator of the Year awards
Talent
- Made notable strides with women in management, with top leadership positions more than doubling between 2019 and 2021
- Unveiled two innovative talent retention and development programs – the Tech Institute and Leadership Academy
Climate Leadership
- Announced development of the nation's first Polymer Center to advance plastics circularity and support recycled content goals
- Formed joint venture to develop 39 landfill renewable natural gas projects, the largest RNG portfolio to date in the country
Communities
- Pledged $2 million toward Phoenix's Hance Park revitalization, the Company's largest single charitable contribution to date
- Positively impacted nearly 6 million people through charitable giving since 2018
In 2021, Republic Services was named to the Dow Jones Sustainability Index for the sixth consecutive year, receiving a top score for environmental reporting and materiality. The Company also was recognized on Barron's 100 Most Sustainable Companies, Fortune's World's Most Admired Companies and 3BL Media's 100 Best Corporate Citizens lists and certified as a Great Place to Work for the fifth consecutive year.
Republic Services is committed to transparency and disclosure through its sustainability reporting. In conjunction with the 2021 Sustainability Report, the Company issued its 2021 Sustainability Accounting Standards Board (SASB) Report, 2021 Global Reporting Initiative (GRI) Report and an updated report aligned with the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD). The company will publish its 2021 CDP Climate Change response later this month.
To learn more about Republic Services' sustainability work and to download the 2021 Sustainability Report, visit RepublicServices.com/sustainability.
About Republic Services
Republic Services, Inc. is a leader in the U.S. environmental services industry. Through its subsidiaries, the Company provides superior service offerings while partnering with customers to create a more sustainable world. For more information, visit RepublicServices.com, or follow us at Facebook.com/RepublicServices, @RepublicService on Twitter or Republic Services on LinkedIn.
[1] Based on OSHA recordable rates
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SOURCE Republic Services, Inc. | https://www.kxii.com/prnewswire/2022/07/19/republic-services-ahead-pace-reach-emissions-reduction-target/ | 2022-07-19T13:46:08Z |
ALBUQUERQUE, N.M., May 19, 2022 /PRNewswire/ -- PNM Resources, Inc. (NYSE: PNM) announces the promotion of two executives as part of the company's ongoing development efforts under the continued leadership of Chairman and CEO, Pat Vincent-Collawn.
Don Tarry has been promoted to President and Chief Operating Officer of PNM Resources. Don joined PNM Resources in 1996 and has most recently served as Senior Vice President and Chief Financial Officer. Prior to the CFO role, Don served as Vice President, Controller and Treasurer and Vice President, Customer Service and Chief Information Officer.
Lisa Eden has been promoted to Senior Vice President, Chief Financial Officer and Treasurer. Lisa joined PNM Resources in 2001 and has previously served as Vice President and Treasurer; Vice President and Chief Information Officer; and Vice President, Human Resources.
"Don and Lisa are well-positioned for these roles as we focus on the continued execution of our business plan alongside our planned merger with Avangrid," said Pat Vincent-Collawn. "These promotions recognize their continued development and value to our leadership team."
Both promotions are effective May 21, 2022.
Background:
PNM Resources (NYSE: PNM) is an energy holding company based in Albuquerque, N.M., with 2021 consolidated operating revenues of $1.8 billion. Through its regulated utilities, PNM and TNMP, PNM Resources provides electricity to approximately 800,000 homes and businesses in New Mexico and Texas. PNM serves its customers with a diverse mix of generation and purchased power resources totaling 3.2 gigawatts of capacity, with a goal to achieve 100% emissions-free energy by 2040. For more information, visit the company's website at www.PNMResources.com.
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SOURCE PNM Resources, Inc. | https://www.wibw.com/prnewswire/2022/05/19/pnm-resources-advances-leadership-development-with-executive-promotions/ | 2022-05-19T11:28:31Z |
Expert explains why there is a cat food shortage
AMES, Iowa (KCCI) - There’s a cat food shortage, and an Iowa State University professor says COVID-19 supply chain issues are to blame.
Specifically, supply chain professor Jonathan Phares points to the shortage of meat used in cat food.
He also said there has been an increase in cat adoptions since the pandemic began in 2020.
Most pet adoptions saw a spike and dropoff. Cats, however, continue to be adopted at the same rate as their pandemic highs.
“What we know in supply chains is that small changes have big impacts, and they can be very hard to recover from because demand doesn’t decrease,” Phares said.
Phares also said aluminum, which most wet cat food is packaged in, is also in short supply.
He notes online pet retailers like Chewy have done away with aluminum packaging to fight the cat food shortage.
Copyright 2022 KCCI via CNN Newsource. All rights reserved. | https://www.kxii.com/2022/03/31/expert-explains-why-there-is-cat-food-shortage/ | 2022-04-02T08:53:47Z |
For the first time ever, average gas prices are above $4 in all 50 states, AAA says
(Gray News) - For the first time ever, every U.S. state now has an average gas price above $4 per gallon, according to data from AAA.
As of Monday, there were only three states with a gas price average below $4 per gallon – Kansas, Oklahoma and Georgia. But by Wednesday, those three states crossed the $4 threshold.
AAA data shows that as of Wednesday, Kansas’ average price is $4.03, Oklahoma’s is $4.03, and Georgia’s is $4.12.
California has set a new record of having an average gas price above $6 per gallon. The state’s average as of Wednesday is $6.05, according to AAA.
While California is the only U.S. state with an average gas price to cross the $6 threshold, several others aren’t too far away. Five states have an average gas price above $5 per gallon – Alaska, Hawaii, Nevada, Oregon and Washington.
The national average as of Wednesday is a record $4.57 per gallon, AAA reports.
Analysts at JPMorgan told CNN the national average could surpass $6 per gallon by August.
Experts say gas prices have surged due to Russia’s invasion of Ukraine, as well as gasoline inventories in the U.S. sitting at their lowest levels since 2019.
Copyright 2022 Gray Media Group, Inc. All rights reserved. | https://www.mysuncoast.com/2022/05/18/first-time-ever-average-gas-prices-are-above-4-all-50-states-aaa-says/ | 2022-05-18T22:11:17Z |
HAMILTON, Bermuda, Aug. 26, 2022 /PRNewswire/ -- Borr Drilling Limited (the "Company") (NYSE: BORR) (OSE: BORR) announced today the second and final settlement of its previously announced US public offering of 69,444,444 US common shares of the Company, at a price per share of $3.60 per common share and an additional 6,918,627 common shares for which the underwriters have exercised their option to purchase at the public offering price of $3.60 per share, minus underwriting discounts. The total gross proceeds of the offering, including the option shares, is $275 million.
The total number of shares issued in the offering was 76,363,071, divided in 41,666,667 common shares which settled on August 16, 2022, and 34,696,404 shares (including the additional common shares issued pursuant to the underwriters' option) which settled on August 26, 2022.
No securities in the offering were offered or will be listed on Oslo Stock Exchange.
DNB Markets, Clarksons Securities, Pareto Securities, ABG Sundal Collier ASA, Arctic Securities AS, Fearnley Securities and SpareBank 1 Markets are the book-running managers for the offering. Cleaves Securities AS is a co-manager for the offering.
Following the settlement of this offering, the Company's issued share capital increased to $22,926,359.80, divided into 229,263,598 shares, each with a nominal value of $0.10 per share.
The offering referred to herein was made pursuant to an effective automatic shelf registration statement, previously filed by the Company with the Securities and Exchange Commission ("SEC") on July 26, 2022. The offering of the common shares was made only by means of a prospectus and a related prospectus supplement. A final prospectus supplement relating to the offering was filed with the SEC on August 11, 2022. You may obtain these documents for free by visiting EDGAR on the SEC's website at www.sec.gov. Alternatively, the final prospectus supplement and accompanying prospectus related to the offering may be obtained by contacting DNB Markets, Inc., Attn: Compliance Department, by telephone: 212-681-3800, or by email at: compliance.marketsinc@dnb.no
This press release does not constitute an offer to sell or the solicitation of an offer to buy securities, nor will there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such jurisdiction.
This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.
About Borr Drilling Limited
Borr Drilling Limited is an international drilling contractor incorporated in Bermuda in 2016 and listed on the Oslo Stock Exchange on August 30, 2017 and on the New York Stock Exchange on July 31, 2019 under the ticker "BORR". The Company owns and operates jack-up rigs of modern and high specification designs and provides services focused on the shallow water segment to the offshore oil and gas industry worldwide. Please visit the Company's website at: www.borrdrilling.com
August 26, 2022
The Board of Directors
Borr Drilling Limited
Hamilton, Bermuda
Contact:
Magnus Vaaler: CFO, +44 1224 289208
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SOURCE Borr Drilling Limited | https://www.wibw.com/prnewswire/2022/08/26/borr-drilling-second-final-settlement-us-offering-common-shares/ | 2022-08-26T16:55:46Z |
LEHI, Utah, Sept. 8, 2022 /PRNewswire/ -- Graphite Connect, the first enterprise social network for supplier relationship and data management, today announced its technology has been selected by Casey's, the third largest convenience retailer and fifth largest pizza chain in the United States. Aligning with Casey's digital transformation efforts, the company selected Graphite Connect to bring more efficiency, simplicity and transparency to onboarding and managing suppliers.
"We are in the middle of our own digital transformation and elevating procurement's impact on our ability to move quickly is a key part of our vision," said Jaime Robles, VP of Procurement of Casey's. "We've been looking for a solution like Graphite Connect. What Graphite offers is a breakthrough in onboarding suppliers and managing supplier data that will help us solve the headaches and disruption of outdated and inaccurate supplier data feeding into critical business systems."
"We are committed to eliminating the friction that surrounds supplier onboarding and management," said Conrad Smith, CEO of Graphite. "Graphite Connect offers Casey's a centralized platform that enables faster onboarding, while supporting secure risk management and information sharing throughout the procurement lifecycle. For everybody to be working together on the same platform and all feedback to be integrated with supplier governance and relationship management activities taking place is a huge breakthrough to help procurement operate at the speed of business."
The pace of innovation continues to increase, making the speed of business an ever-faster endeavor. Yet many procurement organizations are still manually onboarding suppliers and manually managing and cleaning up supplier master data. Despite the need, procurement as a business function hasn't been the target of innovative solutions meant to help get suppliers onboarded as quickly as possible to meet critical, and often time-sensitive, employee or customer needs. Graphite Connect answers this need by doing more than simply collecting and cleaning up data; instead, it operates as a social network that securely manages procurement data and supplier risk in a fully collaborative and familiar environment.
Request a demo to learn more about how Graphite Connect can help your big corporation or lean startup operate at the speed of business.
Graphite Connect is the leading supplier management platform that helps global enterprises and small businesses streamline the entire procurement process from onboarding to risk management. A social network provides a single, secure location to manage data, tasks, and teams. Both suppliers and buyers gain immediate and secure access to all the information they need—in one place. Key supplier commercial data like TIN checking, OFAC, and W-9 forms are automatically validated within Graphite to drastically speed up onboarding and mitigate third party risk. Learn more at graphiteconnect.com.
Casey's is a Fortune 500 company (NASDAQ: CASY) operating over 2,400 convenience stores. Founded more than 50 years ago, the company has grown to become the third largest convenience store retailer and the fifth largest pizza chain in the United States. Casey's provides freshly prepared foods, quality fuel and friendly service at its locations. Guests can enjoy pizza, donuts, and a wide selection of beverages and snacks. Learn more and order online at www.caseys.com, or in the mobile app.
Contacts
Hayden Neal
hayden@graphiteconnect.com
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SOURCE Graphite | https://www.wibw.com/prnewswire/2022/09/08/caseys-selects-graphite-connect-bring-increased-simplicity-speed-procurement-process/ | 2022-09-08T15:37:51Z |
WASHINGTON (AP) — Republicans blocked a Democratic attempt to begin Senate debate on a $10 billion COVID-19 compromise, pressing to entangle the bipartisan package with an election-year showdown over immigration restrictionsthat poses a politically uncomfortable fight for Democrats.
A day after Democratic and GOP bargainers reached agreement on providing the money for treatments, vaccines and testing, a Democratic move to push the measure past a procedural hurdle failed 52-47 Tuesday. All 50 Republicans opposed the move, leaving Democrats 13 votes short of the 60 they needed to prevail.
Hours earlier, Republicans said they’d withhold crucial support for the measure unless Democrats agreed to votes on an amendment preventing President Joe Biden from lifting Trump-era curbs on migrants entering the U.S. With Biden polling poorly on his handling of immigration and Democrats divided on the issue, Republicans see a focus on migrants as a fertile line of attack.
“I think there will have to be” an amendment preserving the immigration restrictions “in order to move the bill” bolstering federal pandemic efforts, Senate Minority Leader Mitch McConnell, R-Ky., told reporters.
At least 10 GOP votes will be needed in the 50-50 Senate for the measure to reach the 60 votes it must have for approval. Republicans could withhold that support until Democrats permit a vote on an immigration amendment.
Biden and Senate Majority Leader Chuck Schumer, D-N.Y., want Congress to approve the pandemic bill before lawmakers leave in days for a two-week recess. Tuesday’s vote suggested that could be hard.
”This is a potentially devastating vote for every single American who was worried about the possibility of a new variant rearing its nasty head within a few months,” Schumer said after the vote.
White House press secretary Jen Psaki said, “Today’s Senate vote is a step backward for our ability to respond to this virus.”
The new omicron variant, BA.2, is expected to spark a fresh increase in U.S. COVID-19 cases. Around 980,000 Americans and over 6 million people worldwide have died from the disease.
The $10 billion pandemic package is far less than the $22.5 billion Biden initially sought. It also lacks $5 billion Biden wanted to battle the pandemic overseas after the two sides couldn’t agree on budget savings to pay for it, as Republicans demanded.
At least half the bill would finance research and production of therapeutics to treat COVID-19. Money would also be used to buy vaccines and tests and to research new variants.
The measure is paid for by pulling back unspent pandemic funds provided earlier for protecting aviation manufacturing jobs, closed entertainment venues and other programs.
Administration officials have said the government has run out of money to finance COVID-19 testing and treatments for people without insurance, and is running low on money for boosters, free monoclonal antibody treatments and care for people with immune system weaknesses.
At the 2020 height of the pandemic, President Donald Trump imposed immigration curbs letting authorities immediately expel asylum seekers and migrants for public health reasons. The ban is set to expire May 23, triggering what by all accounts will be a massive increase in people trying to cross the Mexican border into the U.S.
That confronts Democrats with messy choices ahead of fall elections when they’re expected to struggle to retain their hair-breadth House and Senate majorities.
Many of the party’s lawmakers and their liberal supporters want the U.S. to open its doors to more immigrants. But moderates and some Democrats confronting tight November reelections worry about lifting the restrictions and alienating centrist voters.
Sen. Catherine Cortez Masto, D-Nev., who faces a competitive reelection this fall, declined to say whether she would support retaining the Trump-era ban but said more needs to be done.
“I need a plan, we need a plan,” she said in a brief interview. “There’s going to be a surge at the border. There should be a plan and I’ve been calling for it all along.”
Shortly before Tuesday’s vote, Schumer showed no taste for exposing his party to a divisive immigration vote.
“This is a bipartisan agreement that does a whole lot of important good for the American people. Vaccines, testing, therapeutics,” he said. “It should not be held hostage for an extraneous issue.”
Jeff Zients, head of White House COVID-19 task force, expressed the same view.
“This should not be included on any funding bill,” he said of immigration. “The decision should be made by the CDC. That’s where it has been, and that’s where it belongs.”
The federal Centers for Disease Control and Prevention, which initiated the move two years ago, said earlier this month that it would lift the ban next month. The restrictions, known as Title 42, have been harder to justify as pandemic restrictions have eased.
Trump administration officials cast the curb as a way to keep COVID-19 from spreading further in the U.S. Democrats considered that an excuse for Trump, whose anti-immigrant rhetoric was a hallmark of his presidency, to keep migrants from entering the country.
Rep. Judy Chu, D-Calif., said she supported terminating Trump’s curb and questioned GOP motives for seeking to reinstate it.
“I find it very ironic for those who haven’t wanted to have a vaccination mandate, for those who did not want to have masks in the classroom, for them to suddenly be very interested in protecting the public,” she said.
But Rep. Bennie Thompson, D-Miss., chairman of the House Homeland Security Committee, said he would support a Senate COVID-19 aid bill if it included the GOP effort to retain the Trump immigration restrictions.
“Why wouldn’t I?” he said in a brief interview.
___
AP congressional correspondent Lisa Mascaro and reporters Chris Megerian and Farnoush Amiri contributed to this report. | https://cw33.com/health/ap-health/gop-blocks-senate-covid-bill-demands-votes-on-immigration/ | 2022-04-06T18:49:15Z |
FLORHAM PARK, N.J., Aug. 9, 2022 /PRNewswire/ -- The Money Store is pleased to announce that Jeff Carter will join the company as the Chief Operating Officer. Carter has spent more than 22 years in the mortgage industry, with 17 years in leadership positions, running regional and national operations centers. Carter's impressive background working for Caliber, Bank of America, Security Mortgage, Washington Mutual, LoanDepot and NEO Home Loans is perfect for helping The Money Store with strategic growth and expansion.
As the new COO, Carter will be responsible for the Disclosure Desk, Opening, Processing, Underwriting and Closing. He will work with the existing management team and personnel in each of these areas to improve productivity, data integrity, customer experience and overall execution.
"I'm excited to join an organization celebrating its 50th year in business. I'm surrounded by seasoned mortgage professionals who have navigated the difficult times in this industry and have always found a way to survive and thrive during challenging times. The Money Store has made strategic moves over the years to be positioned well for the future, and I look forward to adding my contribution to the continued success of this company."
When Carter assumes his new role of Chief Operating Officer, current COO Peter Alvarez will become The Money Store's Chief Lending Officer. With the realignment in senior leadership, The Money Store is poised for tremendous growth.
The Money Store is a direct mortgage lender located in Florham Park, New Jersey, and is licensed in 47 states. The company offers a wide range of mortgage programs to meet the needs of homeowners while also providing low rates and superior customer service. The Money Store's online-based service model includes a secure application process that tracks every step from inquiry to closing. Visit them online at www.themoneystore.com. For inquiries, contact Peter Alvarez (palvarez@themoneystore.com) or call (973) 295-3511.
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SOURCE The Money Store | https://www.kxii.com/prnewswire/2022/08/09/money-store-appoints-new-chief-operations-officer/ | 2022-08-09T20:39:14Z |
Murder suspect still at large after Plant City shooting
UPDATED at 10:30 a.m. with identity of shooting suspect.
PLANT CITY, Fla. (WWSB) - Authorities are looking for a suspect in a homicide Wednesday night in Hillsborough County.
Oscar Juan Molina, 44, is wanted in the fatal shooting, The Hillsborough County Sheriff’s Office said.
Investigators say a fight broke out around 10 p.m. at Twilight Zone Liquor on State Road 60 in Plant City.
The altercation spilled out into the parking lot and shots were fired. A deputy nearby on an unrelated call heard the shots and rushed to the scene.
The deputy saw a vehicle leaving the parking lot that soon crashed on State Road 60 just over the Hillsborough-Polk County line.
The deputy found one man in the vehicle with a gunshot wound. He was taken to Lakeland Regional Health Medical Center with non-life-threatening injuries.
Investigators found a second victim in a field next to the bar. That victim was taken to South Florida Baptist Hospital, where he was pronounced dead.
Detectives are looking for Molina, who may be traveling in a 2016 black Dodge Charger. Molina is described as a white Hispanic male, about 6 feet tall, medium build, with a goatee and a tattoo on the right side of his neck.
If anyone knows who the shooter may be or any details involving this case, please contact the Hillsborough County Sheriff’s Office at 813-247-8200.
Copyright 2022 WWSB. All rights reserved. | https://www.mysuncoast.com/2022/04/14/murder-suspect-still-large-after-plant-city-shooting/ | 2022-04-16T02:36:09Z |
WASHINGTON (AP) — Average long-term U.S. mortgage rates climbed over 6% this week for the first time since the housing crash of 2008, threatening to sideline even more homebuyers from a rapidly cooling housing market.
Mortgage buyer Freddie Mac reported Thursday that the 30-year rate rose to 6.02% from 5.89% last week. The long-term average rate has more than doubled since a year ago and is the highest it’s been since November of 2008, just after the housing market collapse triggered the Great Recession. One year ago, the rate stood at 2.86%.
Rising interest rates — in part a result of the Federal Reserve’s aggressive push to tamp down inflation — have cooled off a housing market that has been hot for years. Many potential home buyers are getting pushed out of the market as the higher rates have added hundreds of dollars to monthly mortgage payments. Sales of existing homes in the U.S. have fallen for six straight months, according to the National Association of Realtors.
The average rate on 15-year, fixed-rate mortgages, popular among those looking to refinance their homes, rose to 5.21% from 5.16% last week. Last year at this time the rate was 2.19%.
Mortgage rates don’t necessarily mirror the Fed’s rate increases, but tend to track the yield on the 10-year Treasury note. That’s influenced by a variety of factors, including investors’ expectations for future inflation and global demand for U.S. Treasurys.
Recently, faster inflation and strong U.S. economic growth have sent the 10-year Treasury rate up sharply, to 3.45%.
The Fed has raised its benchmark short-term interest rate four times this year, and Chairman Jerome Powell has said that the central bank will likely need to keep interest rates high enough to slow the economy “for some time” in order to tame the worst inflation in 40 years.
More inflation data this week suggests that while gas prices have retreated significantly since early in the summer, prices for most other necessities have actually gone up, panicking investors who fear a possible recession if the Fed keeps boosting rates.
Most economists forecast that the Fed will jack up its primary lending rate another three-quarters of a point when the central bank’s leaders meet next week. Some fear the Fed could raise the rate by a full point, following consecutive jumbo increases of three quarters of a point at its last two meetings.
The government reported that U.S. economy shrank at a 0.6% annual rate from April through June, a second straight quarter of economic contraction, which meets one informal sign of a recession. Most economists, though, have said they doubt that the economy is in or on the verge of a recession, given that the U.S. job market remains robust.
Applications for jobless aid fell again last week and remain at their lowest level since May, despite the Fed’s moves to tame inflation, which has a tendency to cool the job market as well. | https://cw33.com/business/ap-business/ap-mortgage-rates-hit-6-first-time-since-2008-housing-crash/ | 2022-09-15T15:00:58Z |
DALLAS and FORT WORTH, Texas, June 1, 2022 /PRNewswire/ -- Aero Design Labs (ADL) is pleased to announce that Chris Jones has joined its' leadership team as Chief Commercial Officer, effective June 1st. Reporting to Jeff Martin, President and Chief Executive Officer, Jones will be responsible for all customer engagements, driving the business forward on a global scale as the company transitions to its next exciting phase.
On joining ADL, Jones said "I am joining ADL at an exciting time as we bring our FAA approved products to market. I am looking forward to showcasing the aerodynamic enhancements that ADL has developed for today's in-service aircraft, at a time when fuel prices are volatile and pressure mounts for airlines to reduce greenhouse gas emissions. Our ECO-Kits return an immediate benefit to operators who are actively trying to offset the rising cost of fuel but also make early gains in the pursuit of carbon neutrality."
On making the announcement, Jeff Martin noted "we are delighted that Chris is joining our executive ranks. His long-standing record of sales success at the highest level, customer mindset and moral integrity were key factors in making the appointment. From the outset it was clear our values aligned perfectly, and I am looking forward to building the success of ADL with Chris' help and experience. Chris will be joining a stellar team of aviation experts and leaders: Lee Sanders Founder and Executive Chairman, Mark Powers Chief Financial Officer, David Campbell Chief Operating Officer, Doug Bennett Business Development and Eric Ahlstrom Chief Technology Officer." Lee Sanders states, "The addition of Chris Jones to our internationally known management team is a tremendous achievement for us. We are excited about the opportunities that await us. Undoubtedly, Chris will deliver many of these opportunities over the next few years."
Jones brings more than 30 years of Aviation Sales and Marketing success, including more than 20 years with Airbus in customer facing roles. He most recently held the position of Senior Vice President, Customers, North America and was a driving factor in Airbus' Sales success with some of the world's largest passenger airlines. Jones also spent three years as Vice President Sales at Bombardier, where he gained valuable experience selling the CSeries (A220) and CRJs. He was instrumental in bringing momentum to CSeries sales prior to returning to Airbus. Born in England, Jones came to the United States in 1990 with BAE Systems where he spent eight years in Sales and Marketing before moving to Airbus. He now resides in Arlington, VA with his wife Heidi and their two children.
About Aero Design Labs
Aero Design Labs (ADL) is a leader in engineering motion efficiency. ADL develops products that impact drag reduction, leading to cost savings and reduced carbon emissions. Headquartered in the Dallas Fort Worth area, ADL is solving aerodynamic challenges in transportation. Alongside a strong team of engineers, ADL's proprietary fluid dynamics software systems allow ADL to create customized solutions for operators. Additional information can be found at www.aerodesignlabs.com.
Media Contact:
Ellen Moussou
Director of Marketing and Communications
editor@aerodesignlabs.com
+1 (682) 888-2141
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SOURCE Aero Design Labs | https://www.wibw.com/prnewswire/2022/06/01/seasoned-aviation-sales-marketing-executive-joins-aero-design-labs-chief-commercial-officer/ | 2022-06-01T05:05:29Z |
Father shoots family, killing wife; daughter blames QAnon
WALLED LAKE, Mich. (WXYZ) - Police in Michigan say a man opened fire on his family, killing his wife and injuring one of his daughters. His other daughter says he was spiraling out of control before the shootings, blaming it on QAnon.
Rebecca Lanis, 21, says her grandmother called her Sunday morning, asking if she was at the hospital. At a friend’s sleepover and unaware of the tragedy that had just unfolded at her home, she found that a strange question.
But she soon learned that early that morning, her father, 52-year-old Igor Lanis, had shot and killed her 56-year-old mother and critically injured her 25-year-old sister, Rachel Lanis.
The sheriff’s department says Igor Lanis also killed the family dog.
“It was like I was in a movie or nightmare or something. How could this happen to me?” Rebecca Lanis said. “I had a really close bond with my mom, and I just can’t believe that she’s not here.”
The Oakland County Sheriff’s Office says when officers responded to the family’s home in Walled Lake, Igor Lanis opened fire on them. A Walled Lake police officer and an Oakland County deputy returned fire, killing the man.
Rebecca Lanis says her father had never been physically violent, but his behavior started spiraling about two years ago after former President Donald Trump lost the 2020 presidential election.
“He became a different person after 2020 when Trump lost,” she said.
She says her father started getting more agitated at normal things and often found a way to bring up conspiracy theories about vaccines, 5G and electromagnetic fields. He turned to extremism – like QAnon, a political conspiracy theory centered around baseless claims that Trump was fighting enemies within a so-called “deep state” and a sex-trafficking ring run by Satanic cannibals.
Rebecca Lanis says her family’s tragedy is a warning for people to pay attention to their loved ones who may need help.
“I think that people need to focus more on radicalization, QAnon. If they have relatives with guns who are like this, you need to get them help, and they need to get checked into a mental institution, even if you think they’re not dangerous,” she said.
The sheriff’s office says Rachel Lanis is now in stable condition following surgery.
Copyright 2022 WXYZ via CNN Newsource. All rights reserved. | https://www.kxii.com/2022/09/13/father-shoots-family-killing-wife-daughter-blames-qanon/ | 2022-09-13T07:39:24Z |
Suspect identified in Utah double-slaying case
MOAB, Utah (KUTV) - A father is finally getting some answers months after his daughter, Kylen Schulte, and her wife, Crystal Turner, were killed.
Their bodies were found in Utah’s La Sal mountains in August.
The Grand County Sheriff’s Office said Adam Pinkusiewicz, a former co-worker of Turner, has been identified as a suspect.
“The indications we have is we don’t know if they worked shifts together. It doesn’t seem like it. They were off of each other, but they were both employees at McDonalds,” Grand County Sheriff Steven White said.
Pinkusiewicz is no longer alive. White said he died by suicide about a month after the murders.
There is no word on a motive or his relationship with the women.
“At this point, it’s still all being investigated. We’re not ruling anything out at this point,” White said.
Authorities are asking for any information the public has on Pinkusiewicz or the Toyato Yaris he drove.
Meanwhile, Kylen Schulte’s father is processing the news, and relieved and hoping it will all be over soon.
“The only other thing I can say is I hope they can process the evidence and close the case soon,” he said.
Duane “Dog the Bounty Hunter” Chapman was in Moab, Utah, this week searching for answers in the case, but the sheriff’s office said they did not work with him.
Copyright 2022 KUTV via CNN Newsource. All rights reserved. | https://www.wibw.com/2022/05/12/suspect-identified-utah-double-slaying-case/ | 2022-05-12T12:58:02Z |
NEW YORK, June 7, 2022 /PRNewswire/ -- The Klein Law Firm announces that a class action complaint has been filed on behalf of shareholders of Axsome Therapeutics, Inc. (NASDAQ: AXSM) alleging that the Company violated federal securities laws.
Class Period: December 30, 2019 to April 22, 2022
Lead Plaintiff Deadline: July 12, 2022
No obligation or cost to you.
Learn more about your recoverable losses in AXSM:
https://www.kleinstocklaw.com/pslra-1/axsome-therapeutics-inc-loss-submission-form?id=28131&from=4
Axsome Therapeutics, Inc. NEWS - AXSM NEWS
CLASS ACTION CASE DETAILS: The filed complaint alleges that Axsome Therapeutics, Inc. made materially false and/or misleading statements and/or failed to disclose that: (i) Axsome's chemistry, manufacturing, and control ("CMC") practices were deficient with respect to AXS-07, the Company's medicine for the acute treatment of migraine, and its manufacturing process; (ii) as a result, Axsome was unlikely to submit the AXS-07 New Drug Application ("NDA") on its initially represented timeline; (iii) the foregoing CMC issues remained unresolved at the time that the U.S. Food and Drug Administration ("FDA") reviewed the AXS-07 NDA; (iv) accordingly, the FDA was unlikely to approve the AXS-07 NDA; (v) as a result of all the foregoing, Axsome had overstated AXS-07's regulatory and commercial prospects; and (vi) as a result, the Company's public statements were materially false and misleading at all relevant times.
WHAT THIS MEANS TO YOU AS A SHAREHOLDER: If you have suffered a loss in Axsome you have until July 12, 2022 to petition the court for lead plaintiff status. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.
NO COST TO YOU: If you purchased Axsome securities during the relevant period, you may be entitled to compensation without payment of any out-of-pocket fees.
HOW TO PROTECT YOUR FINANCIAL INTERESTS: For additional information about the AXSM lawsuit, please contact J. Klein, Esq. by telephone at 212-616-4899 or click this link: https://www.kleinstocklaw.com/pslra-1/axsome-therapeutics-inc-loss-submission-form?id=28131&from=4.
J. Klein, Esq. represents investors and participates in securities litigations involving financial fraud throughout the nation. The Klein Law Firm is a boutique litigation firm with experience in a wide range of areas including securities law, corporate finance and commercial litigation. Since 2011, our experienced attorneys have achieved superior results for our clients with a personalized focus. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT:
J. Klein, Esq.
Empire State Building
350 Fifth Avenue
59th Floor
New York, NY 10118
jk@kleinstocklaw.com
Telephone: (212) 616-4899
www.kleinstocklaw.com
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SOURCE The Klein Law Firm | https://www.wibw.com/prnewswire/2022/06/07/axsm-alert-klein-law-firm-announces-lead-plaintiff-deadline-july-12-2022-class-action-filed-behalf-axsome-therapeutics-inc-shareholders/ | 2022-06-07T11:02:51Z |
80-1 shot Rich Strike races to huge upset in Kentucky Derby
By BETH HARRIS
AP Racing Writer
LOUISVILLE, Ky. (AP) — Anyone anticipating a return to normalcy in the Kentucky Derby got a dose of crazy Saturday when an 80-1 shot came charging up the rail to win at Churchill Downs.
With favorite Epicenter and Zandon engaged in a duel at the front, Rich Strike stole the show with the second-biggest upset in the Derby’s 148-year history.
The chestnut colt beat 4-1 favorite Epicenter by three-quarters of a length. Zandon finished another three-quarters of a length back in third.
“I about fell down in the paddock when he hit the wire,” winning trainer Eric Reed said. “I about passed out.”
Rich Strike paid $163.60 Only Donerail in 1913 had a higher payout of $184.90.
“What a crazy Derby,” said trainer Kenny McPeek, whose horses finished eighth and ninth.
Rich Strike wasn’t even in the Derby until Friday when Hall of Fame trainer D. Wayne Lukas scratched Ethereal Road, making room for the chestnut colt who had just two previous wins in his career.
“We found out about 30 seconds before the deadline on Friday,” owner Rick Dawson said. “It put us in the race and really we always felt if we just got in we’ve got a shot.”
Rich Strike ran 1 1/4 miles in 2:02.61. After taking a bite out of his much costlier competition, he playfully chomped on the pony guiding him to the winner’s circle.
“I can’t believe it after Epicenter’s effort,” said losing trainer Steve Asmussen, who fell to 0 for 24 in the Derby. “I got beat by the horse that just got in.”
Jockey Sonny Leon and Rich Strike had just two horses beat in the early going. Leon eventually guided his mount between horses and to the inside rail. Rich Strike made a deft move around Messier in the stretch and went right back to the rail intent on picking off Epicenter and Zandon.
“When I was in the last 70 yards, I said, ‘I think I got this race,’” Leon said.
Both Leon, from Venezuela, and Reed were in their first Derby. Reed endured a tragedy five years ago when he lost nearly two dozen horses in a barn fire at his training center in Lexington.
He briefly considered the fire might be a signal for him to leave the sport.
“People I hadn’t seen, people I haven’t talked to in years, my best friends were there in the morning to pick me up,” Reed recalled. “It let me know there’s so much good out there, and then I just decided I wasn’t going to let it take me out.”
Leon regularly rides on some of the country’s smallest circuits, where the horse flesh is inexpensive and the purse money modest. But he matched wits with such veteran riders as Joel Rosario, aboard Epicenter, and Mike Smith, aboard Messier.
Leon’s rail ride was reminiscent of jockey Calvin Borel’s stealth move aboard Mine That Bird in 2009. Mine That Bird sprang what was then the Derby’s third-biggest upset, paying $103.20 to win.
Reed had no argument with the bettors ignoring his colt, whose victory surely inspired little guys everywhere.
“Small trainer, small rider, small stable, he should have been 80-1,” Reed said. “And so anybody that’s in this business, lightening can strike.”
Rich Strike was purchased by Dawson, who races as RED TR-Racing LLC, for $30,000 last fall when the colt was entered in a low-level claiming race by his former owner.
Calumet Farm head Brad Kelley might be ruing that decision now. Calumet Farm has won a record eight Kentucky Derbies, but none since 1968, when Forward Pass was placed first via disqualification.
Rich Strike earned $1.86 million for his first stakes victory. The colt lost to Zandon in the Blue Grass Stakes last month and was beaten by Epicenter in the Louisiana Derby in March.
Simplification finished fourth and Mo Donegal was fifth.
Churchill Downs returned to full capacity, including former President Donald Trump, on the first Saturday in May for the first time in three years.
But the final result was the more upheaval for America’s greatest horse race.
In 2019, winner Maximum Security was disqualified for interference after 22 minutes and runner-up Country House wore the garland of red roses.
In 2020, an eerie silence enveloped the track when no fans were allowed because of the COVID-19 pandemic and the race was pushed to September.
Last year’s winner, Medina Spirit, was disqualified after nine months, having failed a post-race drug test that led to six-time Derby-winning trainer Bob Baffert being banned from Churchill Downs for two years. The 2021 Derby was back to its usual spot on the calendar with attendance limited to about 52,000.
The bourbon was flowing again Saturday, cigar smoke curled in the air on a cloudy and unusually cool day, and fans strutted in their huge hats, floral-print dresses and seersucker suits.
Then came Rich Strike thundering along the rail and all heck broke loose.
A few days ago, Reed sent Dawson a photo of the colt sprawled in his straw-covered stall with his handlers laying on him, all of them napping. Reed typed, “I think our horse is cool and ready to run.”
Dawson responded, “If we can wake him up.”
Did they ever.
“I feel like the luckiest man alive,” Dawson said, grinning.
___
More AP sports: https://apnews.com/hub/apf-sports and https://twitter.com/AP_Sports | https://localnews8.com/sports/ap-national-sports/2022/05/07/80-1-shot-rich-strike-races-to-huge-upset-in-kentucky-derby/ | 2022-05-08T01:50:29Z |
Report Highlights Company's Continued Commitment to Integrate ESG Objectives into Business Operations
CHICAGO, June 20, 2022 /PRNewswire/ -- Grainger (NYSE: GWW), the leading broad line distributor serving businesses and institutions with operations primarily in North America, Japan and the United Kingdom today announced the release of its 2022 Environmental, Social & Governance (ESG) Report on www.GraingerESG.com. Grainger has published its ESG report, formerly known as the Corporate Social Responsibility Report, since 2012, and continues to be a leader among industrial distributors in this space.
"We are pleased to share our recent ESG Report to mark the progress on our key initiatives that impact our environment, team members and society," said DG Macpherson, Grainger Chairman and CEO. "I'd like to thank our team members, partners and suppliers who work each day to strengthen our customers and our communities."
Highlights of the report, which covers the fiscal year ended December 31, 2021, includes Grainger's commitment to our team members, our increased focus on diversity, equity and inclusion of the workforce, continued community investments and continued focus on sustainable supply chain operations.
Diversity, Equity and Inclusion. Within Grainger's U.S. workforce, approximately 39 percent of team members were women and 34 percent were women in leadership positions. Grainger's U.S. workforce was also comprised of 37 percent racially and ethnically diverse team members, and 24 percent racially and ethnically diverse leaders. As discussed in the ESG Report, the company has implemented enhanced processes and team member trainings to reduce bias in recruiting, interviewing and hiring.
Community Impact. Team members spent 10,400 hours volunteering and the company donated $96 million in cash and product donations to nonprofits highlighting the ongoing commitment to give back to our communities. In addition, a new community impact strategy has been implemented to ensure our programs reflect and support the diversity of our team member population and customer base.
Supplier Diversity. Grainger's processes support ethical sourcing of products, supplies and services and supplier diversity and engagement. In 2021, the company engaged with over 680 minority-, woman-, veteran-, disabled-person-, and LGBTQ-owned business for goods and services.
Sustainability. With approximately 100,000 environmentally preferable products, Grainger is a great partner in helping customers achieve their sustainability goals. To help reduce freight cost and packaging impact, the company utilizes right-size packaging technology and strives to 'ship complete' as an advantage to the customer and the environment.
It is a key priority that ethics and integrity is woven into all parts of the business. Grainger is proud to report 100 percent of company team members completed business conduct guidelines training showing our commitment to ethics and integrity in everything we do.
Other report highlights include:
- An updated materiality matrix reflecting the shared priorities of our customers, suppliers, investors, community partners and team members
- Distribution centers achieved 92% recycling rate
- North American facilities have more than 7 million square feet of LEED certified space
- Grainger has a 'AAA' risk rating from MSCI and is a Sustainalytics top-rated ESG company demonstrating industry-leading risk management
- Grainger commits to reduce absolute scope 1 and 2 emissions by 30 percent by 2030
To learn more about Grainger's ESG Report, visit www.GraingerESG.com.
To find your way with Grainger and explore career opportunities, visit https://jobs.grainger.com.
W.W. Grainger, Inc., with 2021 sales of $13.0 billion, is a leading broad line distributor with operations primarily in North America, Japan and the United Kingdom. Grainger achieves its purpose, We Keep the World Working®, by serving more than 4.5 million customers worldwide with a wide range of product categories that keep customer operations running and their people safe. The Company also delivers services and solutions, such as technical support and inventory management, to provide tangible value and save customers time and money. Grainger offers more than 2 million maintenance, repair and operating (MRO) products in its High-Touch Solutions assortment and more than 30 million products through its expanding Endless Assortment offering. For more information, visit www.grainger.com.
All statements in this communication, other than those relating to historical facts, are "forward-looking statements" which are not guarantees of future performance and are subject to a number of assumptions, risks and uncertainties, many of which are beyond our control and could cause actual results to differ materially from such statements. Important factors that could cause actual results to differ materially from those presented or implied in the forward-looking statements include: the unknown duration and impacts of the global outbreak of the coronavirus disease 2019 and its variants; a major loss of customers; inflation, higher product costs or other expenses, including operational expenses; the impact of Russia's invasion of Ukraine on the global economy; loss or disruption of sources of supply; failure to develop or implement new business strategies; the company's responses to market pressures; the outcome of pending and future litigation or other proceedings; government contract matters; disruption of information technology or data security systems; general industry, economic, market or political conditions; general global economic conditions; facilities disruptions or shutdowns; higher fuel costs or disruptions in transportation services; geopolitical events, including war or acts of terrorism; other pandemic diseases or viral contagions; natural or human induced disasters, extreme weather and other catastrophes or conditions; effects of climate change; competition for, or failure to attract, retain, train, motivate, and develop key employees; loss of key members of management; and other factors that can be found in our filings with the Securities and Exchange Commission, including our most recent reports filed on Form 10-K and Form 10-Q, which are available on our Investor Relations website. Forward-looking statements are given only as of the date of this communication and we disclaim any obligation to update or revise them, except as required by law.
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SOURCE W.W. Grainger, Inc. | https://www.mysuncoast.com/prnewswire/2022/06/20/grainger-releases-its-2022-environmental-social-governance-esg-report/ | 2022-06-20T21:53:56Z |
WASHINGTON, June 24, 2022 /PRNewswire/ -- Following Senate passage of the Bipartisan Safer Communities Act, the United States House of Representatives today passed this historic gun safety legislation that includes several important firearms' reforms that American mayors have championed for years as well as a significant increase in resources to address mental health needs. In response, United States Conference of Mayors CEO and Executive Director Tom Cochran released the following statement:
"This is a momentous day for the country and for American mayors who have fought for stronger gun safety laws for decades. Too many of our people have died on our streets, in our schools, and at our places of worship. We applaud the bipartisan members of Congress for taking action that will save lives. More must be done, and mayors will continue to advocate for additional policies at the federal, state, and local level, but this legislation is an historic achievement. We thank Senators Cornyn and Murphy for their steadfast leadership and thank House Speaker Nancy Pelosi for quickly moving the bill today. This is not the end of the battle against gun violence, but we have now made real progress that will make our cities safer."
###
About the United States Conference of Mayors -- The U.S. Conference of Mayors is the official nonpartisan organization of cities with populations of 30,000 or more. There are more than 1,400 such cities in the country today, and each city is represented in the Conference by its chief elected official, the mayor. Like us on Facebook or follow us on Twitter.
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SOURCE U.S. Conference of Mayors | https://www.kxii.com/prnewswire/2022/06/24/us-conference-mayors-applauds-final-passage-bipartisan-gun-safety-bill/ | 2022-06-24T19:36:05Z |
WINTER GARDEN, Fla., Aug. 18, 2022 /PRNewswire/ -- Store Space Self Storage is proud to announce the hiring of Stephen Harris as President of Construction at Store Space. Harris, an award-winning commercial construction executive and developer with more than 25 years of experience, has actively built and developed more than 14 million sq. ft. of retail, hospitality, office, residential, and mixed-use projects during his career.
"It's great to welcome Stephen into the Store Space family," said Rob Consalvo, COO, and President of Store Space. "Having someone with his extensive background and past history of success to head our construction division will prove invaluable as we continue to scale our development pipeline."
Harris, who joined Store Space in May, cited the company's growth trajectory and plans for increased ground-up development as one of the driving factors in his decision. In addition to Harris, the Store Space Construction Division has also added Shimon Kanter, Vice President of Development, J. Scott Masterson, Vice President of Construction, and Scott Claflin, Senior Director of Cap-Ex.
"This is a very dynamic company, with opportunities for growth and expansion on the immediate horizon," Harris said. "I'm really excited to be here."
Prior to joining Store Space, Harris was Vice President of Development at Washington Prime Group Inc. in Columbus, OH, where he directed multiple top-tier redevelopment projects valued at up to $1.2 billion while working closely with executive leadership to create strong returns on investment.
He was the executive developer of the $550 million expansion project of the Ala Moana Center in Honolulu, Hawaii, which boosted the value of the property to approximately $6 billion, making it the most valuable shopping center in America in 2019.
Harris' awards include the 2018 Best Retail Architecture in USA, International Property Award, Ala Moana Center (Associated with General Growth Properties/Brookfield), as well as multiple awards from the NAIOP (National Association of Industrial and Office Properties) and ICSC (Innovating Commerce Serving Communities).
Throughout his career, Harris has consistently been a top producer and leader in construction and development. He is an avid reader, a licensed architect, and graduated cum laude from San Diego State University.
Store Space is a self-storage operator and third-party management company. Located in Winter Garden, FL, the Company currently owns, has under purchase agreement, and operates more than 100 properties in 20 states. The Company fuels growth and value with its experience-driven operations, state-of-the-art proprietary platforms, and strategic digital marketing programs. If you have an acquisition opportunity or would like to discuss third-party management, contact us at inquiries@storespace.com, or visit us at www.storespace.com.
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SOURCE Store Space Self Storage | https://www.mysuncoast.com/prnewswire/2022/08/18/harris-award-winning-construction-exec-joins-store-space/ | 2022-08-18T20:09:16Z |
BEIJING, Aug. 16, 2022 /PRNewswire/ -- Tarena International, Inc. (NASDAQ: TEDU) ("Tarena" or the "Company"), a leading provider of adult professional education and childhood & adolescent quality education services in China, today announced its unaudited financial results for the second quarter ended June 30, 2022.
Highlights for the Second Quarter of 2022
- Net revenues increased by 11.4% year-over-year to RMB648.8 million (US$96.9 million), from RMB582.3 million in the same period of 2021, exceeding the high end of the company's guidance.
- Total student enrollments in childhood & adolescent quality education business in the second quarter of 2022 reached 176,500, an increase of 25.9%, compared to 140,200 in the same period of 2021.
- Total number of learning centers in childhood & adolescent quality education decreased to 227 as of June 30, 2022, from 235 as of June 30, 2021.
- Gross profit increased by 27.9% year-over-year to RMB376.5 million (US$56.2 million), from RMB294.4 million in the same period of 2021.
- Gross profit margin increased by 7.4% points year-over-year to 58.0%, from 50.6% in the same period of 2021.
- Operating income was RMB48.0 million (US$7.2 million), compared to loss of RMB90.7 million in the same period of 2021.
- Non-GAAP operating income, which excluded share-based compensation expenses, was RMB49.2 million (US$7.3 million), compared to non-GAAP operating loss of RMB86.6 million in the same period of 2021.
- Net income was RMB47.9 million (US$7.2 million), compared to net loss of RMB76.7 million in the same period of 2021.
- Non-GAAP net income, which excluded share-based compensation expenses, was RMB49.1 million (US$7.3 million), compared to non-GAAP net loss of RMB72.5 million in the same period of 2021.
- Basic income per American Depositary Share ("ADS"), each representing five Class A ordinary shares with effective date of December 23, 2021, was RMB4.36 (US$0.65), compared to loss per ADS of RMB6.97 in the second quarter of 2021. Diluted income per American Depositary Share ("ADS") was RMB4.29 (US$0.64), compared to loss per ADS of RMB6.97 in the second quarter of 2021.
- Cash, cash equivalents and time deposits, including current and non-current, and restricted cash totaled RMB425.6 million (US$63.5 million) as of June 30, 2022, compared to RMB430.4 million as of December 31, 2021.
- Net cash inflow from operating activities in the second quarter of 2022 was RMB19.4 million (US$2.9 million).
Highlights for the Six Months Ended June 30, 2022
- Net revenues increased by 14.0% year-over-year to RMB1,272.3 million (US$189.9 million), from RMB1,116.0 million in the same period in 2021.
- Total student enrollments in childhood & adolescent quality education business in the first half of 2022 reached 186,700, an increase of 26.3%, compared to the student enrollments of 147,800 in the same period of 2021.
- Gross profit increased by 35.1% year-over-year to RMB735.4 million (US$109.8 million), from RMB544.3 million in the same period in 2021.
- Gross profit margin increased by 9.0% points year-over-year to 57.8%, from 48.8% in the same period of 2021.
- Operating income was RMB76.6 million (US$11.4 million), compared to loss of RMB220.2 million in the same period in 2021.
- Non-GAAP operating income, which excluded share-based compensation expenses, was RMB79.1 million (US$11.8 million), compared to non-GAAP operating loss of RMB209.2 million in the same period in 2021.
- Net income was RMB75.0 million (US$11.2 million), compared to net loss of RMB198.5 million in the same period in 2021.
- Non-GAAP net income, which excluded share-based compensation expenses, was RMB77.5 million (US$11.6 million), compared to non-GAAP net loss of RMB187.5 million in the same period in 2021.
- Basic income per American Depositary Share ("ADS"), each representing five Class A ordinary shares with effective date of December 23, 2021, was RMB6.73 (US$1.00). Diluted income per American Depositary Share ("ADS") was RMB6.63 (US$0.99).
Key Financial Results
"In the second quarter of 2022, we maintained a healthy growth trajectory for our revenues despite a challenging COVID-19 pandemic environment and achieved growing profitability for consecutive quarters. Our net revenues increased by 11.4% year-over-year in the second quarter of 2022. Our net profit reached RMB47.9 million while operating profit was RMB48.0 million. Such financial performance resulted from the effective execution of our sound OMO-based long-term business strategy, namely, by building an integrated high-efficiency online and offline front-end customer acquisition and consultation services and integrated virtual plus brick-and-mortar course delivery services, we built a seamless value system for our students. Additionally, through optimization of management process and personnel, we controlled our costs and expenses effectively. The total costs and operating expenses decreased by 10.7% year-over-year in the second quarter." remarked Ms. Ying Sun, the Chief Executive Officer of Tarena.
"Looking ahead, we will continue to execute on our integrated growth strategy and improve operational efficiency, maintaining healthy business development and strive for sustainable profitability while coping with the COVID-19 pandemic environment." concluded Ms. Ying Sun.
Appointment of New Chief Financial Officer
The board of directors of Tarena has appointed Ms. Ping Wei as its chief financial officer, effective today.
Ms. Ping Wei has extensive experience in capital markets and the education industry. Prior to joining Tarena, Ms. Wei served as a partner and the chief financial officer of a private venture-backed company focusing on community group buying. Prior to that, Ms. Wei served as the chief financial officer of Gravitas Education Holdings, Inc. (NYSE: GEHI) from May 2017 to May 2019. Ms. Wei also served as the chief financial officer of various education and e-commerce companies including Lazada South East Asia Pte. Ltd., Meilishuo Technology Ltd. and China Distance Education Holdings Ltd., a then New York Stock Exchange-listed company since 2008. Prior to that, Ms. Wei held several positions in New Oriental Education & Technology Group Inc., Lorus Therapeutics Inc., Deloitte Touche Tohmatsu Limited and Arthur Andersen Huaqiang from October 1994 to March 2008. Ms. Wei is a US CPA from Illinois.
Financial Results for the Second Quarter of 2022
Net Revenues
Total net revenues increased by 11.4% to RMB648.8 million (US$96.9 million) in the second quarter of 2022, from RMB582.3 million in the same period of 2021. The increase was mainly driven by a higher student enrollment of childhood & adolescent quality education. In addition, net revenue from adult professional education business also increased slightly primarily due to the increase in certification revenue.
Cost of Revenues
Cost of revenues decreased by 5.4% to RMB272.3 million (US$40.7 million) in the second quarter of 2022, from RMB287.9 million in the same period of 2021. The decrease was primarily due to the decline in rental and depreciation expenses which was partially offset by higher personnel and welfare cost due to the higher performance-based bonus.
Gross Profit and Gross Margin
Gross profit increased by 27.9% to RMB376.5 million (US$56.2 million) in the second quarter of 2022, from RMB294.4 million in the same period of 2021. Gross margin was 58.0% in the second quarter of 2022, compared to 50.6% in the same period of 2021. The increase in gross profit was primarily attributable to the increase in net revenues and decrease in cost of revenues in both childhood & adolescent quality education and adult professional education businesses.
Operating Expenses
Total operating expenses decreased by 14.7% to RMB328.5 million (US$49.0 million) in the second quarter of 2022 from RMB385.1 million in the same period of 2021. Total non-GAAP operating expenses, which excluded share-based compensation expenses, decreased by 14.1% to RMB327.4 million (US$48.9 million) in the second quarter of 2022, from RMB381.2 million in the same period of 2021. Total share-based compensation expenses allocated to the related operating expenses decreased by 71.8% to RMB1.1 million (US$0.2 million) in the second quarter of 2022, from RMB3.9 million in the same period of 2021.
Selling and marketing expenses decreased by 28.3% to RMB156.9 million (US$23.4 million) in the second quarter of 2022 from RMB218.9 million in the same period of 2021. The decrease was mainly due to the drop in the number of sales staff and a decline in advertising spending as the company continued to optimize marketing spending in the second quarter of 2022.
General and administrative expenses increased by 11.1% to RMB158.7 million (US$23.7 million) in the second quarter of 2022, from RMB142.8 million in the same period of 2021. The increase was mainly due to a one-time provision for the residual amount of the anticipated settlement of a class action lawsuit net off the estimated insurance coverage in the second quarter of 2022. In addition, a one-time adjustment in the second quarter of 2021 resulted in lower comparison base and the resulting increase of payroll cost in the second quarter of 2022. Such increase was partially offset by an impairment loss on an office property held for sale in second quarter of 2021.
Research and development expenses decreased by 45.0% to RMB12.9 million (US$1.9 million) in the second quarter of 2022, from RMB23.4 million in the same period of 2021. The decrease was mainly due to the decrease in personnel-related expense in the second quarter of 2022.
Operating Income/(Loss)
Operating income was RMB48.0 million (US$7.2 million) in the second quarter of 2022, compared to operating loss of RMB90.7 million in the same period of 2021. Non-GAAP operating income, which excluded share-based compensation expenses, was RMB49.2 million (US$7.3 million) in the second quarter of 2022, compared to non-GAAP operating loss of RMB86.6 million in the same period of 2021.
Income Tax Benefit/(Expense)
The Company recorded an income tax expense of RMB0.6 million (US$0.1 million) in the second quarter of 2022, compared to income tax benefit of RMB12.3 million in the same period of 2021.
Net Income/(Loss)
As a result of the foregoing, net income was RMB47.9 million (US$7.2 million) in the second quarter of 2022, compared to net loss of RMB76.7 million in the same period of 2021. Non-GAAP net income, which excluded share-based compensation expenses, was RMB49.1 million (US$7.3 million) in the second quarter of 2022, compared to non-GAAP net loss of RMB72.5 million in the same period of 2021.
Basic and Diluted Income/(Loss) per ADS
Basic income per ADS was RMB4.36 (US$0.65) in the second quarter of 2022, compared to loss per ADS of RMB6.97 in the second quarter of 2021. Diluted income per ADS was RMB4.29 (US$0.64) in the second quarter of 2022, compared to loss per ADS of RMB6.97 in the second quarter of 2021. Non-GAAP basic income per ADS, which excluded share-based compensation expenses, was RMB4.46 (US$0.67) in the second quarter of 2022, compared to non-GAAP loss per ADS of RMB6.61 in the second quarter of 2021. Non-GAAP diluted income per ADS, which excluded share-based compensation expenses, was RMB4.39 (US$0.66) in the second quarter of 2022, compared to non-GAAP loss per ADS of RMB6.61 in the second quarter of 2021.
Cash Flow
The total balance of cash, cash equivalents and time deposits increased RMB9.2 million from RMB416.4 million as of March 31, 2022 to RMB425.6 million (US$63.5 million) as of June 30, 2022. The increase was mainly from positive net cash inflow from operating activities in the second quarter of 2022 of RMB19.4 million (US$2.9 million), which was mainly due to higher cash receipt and lower cash costs and expenses in normal business course. Capital expenditures in the second quarter of 2022 were RMB8.9 million (US$1.3 million), mainly from purchasing of office equipment and payment to renovate teaching centers. Share repurchase also contributed to the cash outflow in the second quarter of 2022.
Financial Results for the Six Months Ended June 30, 2022
Net Revenues
Total net revenues increased by 14.0% to RMB1,272.3 million (US$189.9 million) in the first half of 2022, from RMB1,116.0 million in the same period of 2021. The increase was primarily driven by a higher student enrollment of childhood & adolescent quality education business and a net revenue increase from adult professional education business primarily due to the increase in certification revenue.
Cost of Revenues
Cost of revenues decreased by 6.1% to RMB536.9 million (US$80.2 million) in the first half of 2022, from RMB571.7 million in the same period of 2021. The decrease was primarily due to the decline in rental and depreciation expenses partially offset by higher personnel and welfare cost due to an increase in the number of teaching staff and higher performance-based bonus.
Gross Profit and Gross Margin
Gross profit increased by 35.1% to RMB735.4 million (US$109.8 million) in the first six months of 2022, from RMB544.3 million in the same period of 2021. Gross margin was 57.8% in the first six months of 2022, compared with 48.8% in the same period of 2021. The increase in gross profit was primarily attributable to the increase in net revenues and decrease in cost of revenues in both childhood &adolescent quality education and adult professional education businesses.
Operating Expenses
Total operating expenses decreased by 13.8% to RMB658.8 million (US$98.4 million) in the first six months of 2022, from RMB764.5 million in the same period of 2021. Total non-GAAP operating expenses, which excluded share-based compensation expenses, decreased by 12.9% to RMB656.3 million (US$98.0 million) in the first six months of 2022, from RMB753.9 million in the same period of 2021. Total share-based compensation expenses allocated to the related operating expenses decreased by 76.6% to RMB2.5 million (US$0.4 million) in the first six months of 2022, from RMB10.7 million in the same period of 2021.
Selling and marketing expenses decreased by 23.9% to RMB329.3 million (US$49.2 million) in the first six months of 2022 from RMB432.6 million in the same period of 2021. The decrease was mainly due to the drop in the number of sales staff and a decline in advertising spending as the Company continues to control marketing spending in the first six months of 2022.
General and administrative expenses increased by 5.0% to RMB300.3 million (US$44.8 million) in the first six months of 2022, from RMB286.0 million in the same period of 2021. The increase was mainly due to a one-time provision for the residual amount of the anticipated settlement of a class action lawsuit net off the estimated insurance coverage in the first six months of 2022. In addition, the increase in bonus resulted in the increase of payroll cost in the first six months of 2022. Such increase was partially offset by an impairment loss on an office property held for sale in the first six months of 2021.
Research and development expenses decreased by 36.3% to RMB29.2 million (US$4.4 million) in the first six months of 2022, from RMB45.9 million in the same period of 2021. The decrease was mainly due to the decrease in personnel-related costs in the first six months of 2022.
Operating Income/(Loss)
Operating income was RMB76.6 million (US$11.4 million) in the first six months of 2022, compared to operating loss of RMB220.2 million in the same period of 2021. Non-GAAP operating income, which excluded share-based compensation expenses, was RMB79.1 million (US$11.8 million) in the first six months of 2022, compared to non-GAAP operating loss of RMB209.2 million in the same period of 2021.
Income Tax Benefit/(Expense)
The Company recorded an income tax expense of RMB6.0 million (US$0.9 million) in the first six months of 2022, compared to RMB19.6 million in income tax benefit in the same period of 2021.
Net Income/(Loss)
As a result of the foregoing, net income was RMB75.0 million (US$11.2 million) in the first six months of 2022, compared to net loss of RMB198.5 million in the same period of 2021. Non-GAAP net income, which excluded share-based compensation expenses, was RMB77.5 million (US$11.6 million) in the first six months of 2022, compared to non-GAAP net loss of RMB187.5 million in the same period of 2021.
Basic and Diluted Income/(Loss) per ADS
Basic income per ADS was RMB6.73 (US$1.00) in the first six months of 2022. Diluted income per ADS was RMB6.63 (US$0.99) in the first six months of 2022. Non-GAAP basic income per ADS, which excluded share-based compensation expenses, was RMB6.96 (US$1.04) in the first six months of 2022. Non-GAAP diluted income per ADS, which excluded share-based compensation expenses, was RMB6.86 (US$1.02) in the first six months of 2022.
Cash Flow
The total balance of cash, cash equivalents and time deposits decreased RMB4.8 million from RMB430.4 million as of December 31, 2021 to RMB425.6 million (US$63.5 million) as of June 30, 2022. The decrease was mainly due to capital expenditures on purchasing of office equipment and payment to renovate teaching centers, as well as payment to repurchase Company's stock, which was partially offset by the proceeds received from bank borrowing of RMB2.0 million (US$0.3 million) in the first six months of 2022. The net cash inflow from operating activities in the first six months of 2022 was RMB0.5 million (US$0.1 million).
Business Outlook
Based on the Company's current estimates, total net revenues for the third quarter of 2022 are expected to be in the range of RMB620 million and RMB650 million, which represent an increase of 0.8% to 5.7% as compared to the net revenues in the third quarter of 2021, after taking into consideration the seasonal fluctuation factor and the likely continued impact of the COVID-19.
This guidance is based on the current market conditions and reflects the Company's current and preliminary estimates of market and operating conditions, which are subject to change, particularly as to the potential impact of COVID-19 on the economy in China and elsewhere in the world.
Exchange Rate Information
All translations made in the financial statements or elsewhere in this press release made from RMB into United States dollars ("US$") are solely for convenience and calculated at the rate of US$1.00=RMB 6.6981, representing the exchange rate as of June 30, 2022, set forth in the H.10 statistical release of the U.S. Federal Reserve Board. No representation is made that the RMB amounts could have been, or could be, converted, realized or settled into US$ at that rate, or at any other rate, on June 30, 2022.
Conference Call
Company management will hold an earnings conference call and live webcast to discuss the Company's results at 8:00 AM on Aug 16, 2022, U.S. Eastern Time (8:00 PM on Aug 16, 2022, Beijing Time).
Please register in advance of the conference, using the link provided below. Upon registering, you will be provided with participant dial-in numbers, passcode and unique registrant ID.
Conference call registration link: https://register.vevent.com/register/BI9837fbfef7b846edb47630ffe1f548b2. It will automatically direct you to the registration page of "Tarena's Second Quarter 2022 Earnings Conference Call" where you may fill in your details for RSVP.
In the 10 minutes prior to the call start time, you may use the conference access information (including dial in number(s), direct event passcode and registrant ID) provided in the confirmation email received at the point of registering.
Additionally, a live and archived webcast of this call will be available on the Investor Relations section of Tarena's website at http://ir.tedu.cn.
About Tarena International, Inc.
Tarena is a leading provider of adult professional education and childhood and adolescent quality education services in China. Through its innovative education platform combining live distance instruction, classroom-based tutoring and online learning modules, Tarena offers adult professional education courses in IT and non-IT subjects. Its adult professional education courses provide students with practical skills to prepare them for jobs in industries with significant growth potential and strong hiring demand. Tarena also offers childhood and adolescent quality education programs, including computer coding and robotics programming courses, etc., targeting students aged between three and eighteen.
Safe Harbor Statement
This press release contains forward-looking statements made under the "safe harbor" provisions of Section 21E of the Securities Exchange Act of 1934, as amended, and the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates," "confident" and similar statements. Among other things, the business outlook, the quotations from management in this announcement, as well as the Company's strategic and operational plans contain forward-looking statements. Tarena may also make written or oral forward-looking statements in its reports filed with or furnished to the U.S. Securities and Exchange Commission, in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Any statements that are not historical facts, including any business outlook and statements about Tarena's beliefs and expectations, are forward-looking statements. Many factors, risks and uncertainties could cause actual results to differ materially from those in the forward-looking statements. Such factors and risks include, but not limited to the following: the impact of the COVID-19 outbreak; Tarena's goals and strategies; its future business development, financial condition and results of operations; its ability to continue to attract students to enroll in its courses; its ability to continue to recruit, train and retain qualified instructors and teaching assistants; its ability to continually tailor its curriculum to market demand and enhance its courses to adequately and promptly respond to developments in the professional job market; its ability to maintain or enhance its brand recognition, its ability to maintain high job placement rate for its students, and its ability to maintain cooperative relationships with financing service providers for student loans.
Further information regarding these and other risks, uncertainties or factors is included in Tarena's filings with the U.S. Securities and Exchange Commission. All information provided in this press release is current as of the date of the press release, and Tarena does not undertake any obligation to update such information, except as required under applicable law.
About Non-GAAP Financial Measures
To supplement Tarena's consolidated financial results presented in accordance with United States Generally Accepted Accounting Principles ("GAAP"), Tarena's management uses non-GAAP measures of cost of revenues, operating expenses, operating income, net income, and basic and diluted net income per ADS, which are adjusted from results based on GAAP to exclude the share-based compensation expenses. These non-GAAP financial measures should be considered in addition to results prepared in accordance with GAAP, but should not be considered a substitute for, or superior to, GAAP results. In addition, calculation of the non-GAAP financial measures may be different from the calculation used by other companies, and therefore comparability may be limited.
Tarena's management believes that excluding the share-based compensation expenses provides meaningful supplemental information regarding our performance and liquidity by excluding certain items identified as non-recurring and infrequent in nature, and non-cash charges. The amount of share-based compensation expenses is not built into the Company's annual budgets and quarterly forecasts, which generally will be the basis for information Tarena provides to analysts and investors as guidance for future operating performance.
The non-GAAP financial measures are provided to enhance investors' overall understanding of Tarena's current financial performance and prospects for the future. A limitation of using non-GAAP cost of revenues, operating expenses, operating income (loss) and net income (loss), excluding the share-based compensation expense is that the share-based compensation charge has been and will continue to be a recurring expense in the Company's business for the foreseeable future. In order to mitigate the limitation, the Company has provided specific information regarding the GAAP amounts excluded from each non-GAAP measure. The accompanying tables include details on the reconciliation between GAAP financial measures that are most directly comparable to the non-GAAP financial measures the Company has presented.
For further information, please contact:
Investor Relations Contact
Tarena International, Inc.
Email: ir@tedu.cn
View original content:
SOURCE Tarena International, Inc. | https://www.kxii.com/prnewswire/2022/08/16/tarena-announces-results-second-quarter-2022-with-revenues-exceeding-guidance-appoints-new-chief-financial-officer/ | 2022-08-16T06:27:55Z |
A look at what’s happening around the majors today:
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ALL ABOARD
Aaron Judge and Pete Alonso swing away as the Subway Series starts up at Citi Field with both New York teams in first place.
Jordan Montgomery (3-2, 3.24 ERA) pitches for the Yankees, who own the best record in the majors at 66-31 and a whopping 12 1/2-game lead over Toronto in the AL East.
Taijuan Walker (7-2, 2.55) starts for the Mets, whose once-formidable NL East edge over Atlanta is down to two games. Walker is 4-0 with a 1.80 ERA in his last seven outings.
Judge tops the majors with 37 homers and has 81 RBIs for the Yankees. Alonso leads the big leagues with 82 RBIs and has hit 25 home runs.
The teams play twice this week at the Mets’ home, then meet for two more games in late August at Yankee Stadium.
PAPI POWER
The Boston Red Sox will honor David Ortiz in a pregame tribute at Fenway Park, two days after he was inducted into the Hall of Fame.
Ortiz pins will be given to fans as they enter the ballpark for the game against Cleveland.
Big Papi helped the Red Sox win three World Series championships. In 14 years with the Red Sox, Ortiz hit 500 homers, 17 of them in the postseason.
Ortiz was cheered by fans chanting his name and wearing his No. 34 jersey during Sunday’s ceremonies in Cooperstown, New York, about a four-hour drive from Fenway.
NO-FLY ZONE
The Cardinals will be missing two of their best players — first baseman Paul Goldschmidt and third baseman Nolan Arenado — when they open a two-game series at Toronto. They haven’t received the COVID-19 vaccination and aren’t allowed to enter Canada.
Catcher Austin Romine also won’t make the trip. The trio will be put on the restricted list and forfeit pay and major league service time in accordance with the terms of MLB’s collective bargaining agreement.
Goldschmidt is hitting .335 with 24 home runs and 77 RBIs. Arenado is batting .296 with 18 homers and 59 RBIs.
Right-hander José Berríos (7-4, 5.22 ERA) starts for Toronto against rookie righty Andre Pallante (3-4, 3.34).
ON THE BLOCK
A’s right-hander Frankie Montas makes what could be his final start in an Oakland uniform ahead of the Aug. 2 trade deadline.
Montas is expected to work with a normal pitch count against Houston after being limited to three innings last time out. Prior to that, he missed two straight outings with inflammation in his pitching shoulder. A quality performance against the Astros could help the rebuilding A’s get a bigger return in a trade.
The A’s have scored one or fewer runs in 10 of Montas’ 18 starts and have been shut out three times.
RAYS CONCERN
The Rays will be without veteran hitters Kevin Kiermaier and Mike Zunino for the rest of the season because of injuries, a significant blow for the defending AL East champions.
Manager Kevin Cash said before Monday night’s game at Baltimore that Kiermaier is having an operation in the coming weeks. The 32-year-old outfielder hasn’t played since July 9 because of a left hip injury.
Zunino, a 31-year-old catcher, hasn’t played since June 9 because of left shoulder problems. He’s out for the season because of thoracic outlet syndrome surgery, according to a team spokesman.
Tampa Bay entered Monday’s game holding the second of the American League’s three wild cards.
___
More AP MLB coverage: https://apnews.com/hub/MLB and https://twitter.com/AP_Sports | https://cw33.com/sports/ap-sports/leading-off-subway-series-rolls-ortiz-honor-missing-cards-2/ | 2022-07-26T18:04:23Z |
Which online photography course is best?
Photography is a fulfilling hobby and, for some people, a great way to make extra money on the side or as a full-time profession. However, if you’re just getting started, finding the best online photography course can be tricky. After all, there are many things to consider, such as the required skill level and types of photography covered in the course. If you’re a beginner who’s interested in learning photography starting from the basics, check out the Complete Photography: 21 Courses in 1 [Beginner to Expert] on Udemy.
What to know before you buy an online photography course
Topic
When it comes to taking a photography course, there are countless topics available. Some courses teach you how to set up and operate different types of cameras, including the one on your smartphone. Others focus on how to create a full composition.
More comprehensive or advanced courses take a deep dive into core concepts of the art as well as the types of lenses you should use based on the types of photos you want to take. There are also courses that teach you how to modify photos through graphic design programs or expert-level techniques on taking photos in poor lighting or fast-paced environments.
Ask yourself what it is you want to learn before signing up for a course. If you’re not sure, make a list that includes every aspect you can think of that might be interesting. For example, you might want to learn the technical side of camera work and angles, or you might want to focus on taking crisper images. Once you have an idea of what you want, check the course’s online syllabus to see if it’s the right fit for you.
Requirements
Some online photography courses teach only theoretical concepts, but many require students to have at least a basic camera. Generally, the requirements will be listed in the description of the courses or in a separate online tab. Even if the course doesn’t require a camera, it’s a good idea to have a smartphone or a basic DSLR camera so you can practice what you learn and hone your skills.
Besides equipment, you might also need to have an understanding of the fundamentals of photography before taking a course. Some online instructors build several courses on one another, meaning they’ll expect students to understand the previous source material before taking a more advanced course. That said, you can always try out different courses until you find one you really enjoy.
Time commitment
Learning photography takes some time and practice. The course should indicate how long it will take, on average, to complete. However, most courses don’t usually account for practice time, so be prepared for that.
Websites like Udemy will list the total amount of lectures, individual sections and total duration of the course. Length varies by course, but many photography courses will be five hours or longer. On the plus side, you can usually go back and listen to previous lectures as often as you’d like and on your own time.
Format
Most online courses are in video format, though some will have downloadable PDF files or audio files you can listen to instead.
What to look for in a quality online photography course
Level
Many online courses, including photography courses, indicate the level or difficulty just below the title or on the main page. Levels usually range from beginner to intermediate to advanced. Some courses are kid-friendly and go over simpler concepts in a more relaxed, fun way. Read through the course details prior to purchase to make sure it’s right for your current skill level.
Modules and lessons
Coursera and Udemy, as well as similar online educational sites, have a section where you can look at the course content broken down into modules and lessons. Each module will usually refer to a key concept and be further broken down into bite-sized lessons that flesh out that concept.
For example, if you’re taking a basic photography course, the first module might be about navigating a camera’s settings and features. Within that module, there could be separate lessons for settings, features and so forth. Read through the different modules and lessons to get a better understanding of the entire course.
Certifications
Depending on the platform, there might be a certification or college credit available with the photography course. However, most sites will require payment or membership first. If you’re interested in taking a course so you can advertise your skills on a professional site such as LinkedIn, a certificate could be great for your profile or resume.
How much you can expect to spend on an online photography course
Some courses on Coursera are free or come with a free trial, but they won’t include a certificate. If you want a certificate through this platform, expect to pay $59 a month. Udemy courses cost $10-$200.
Online photography courses FAQ
How else can I learn photography?
A. Read books or watch YouTube tutorials on photography and camera operation to supplement your skills. More importantly, get out there and start practicing. You can also join or form a group and work together to improve your skills. If you want to be challenged more, consider getting a professional mentor to teach you more advanced photography techniques and concepts.
What equipment do I need for photography?
A. If you’re just starting out, you should have a suitable camera, tripod, camera bag and a few lenses for taking different types of photos in different lighting. You can find a decent entry-level camera with a lens kit that includes an 18-55 millimeter lens and a standard zoom feature.
What are the best online photography courses to buy?
Top online photography course
Complete Photography: 21 Courses in 1 [Beginner to Expert]
What you need to know: This massive online course provides a comprehensive take on photography and features multiple sections that will educate you on the key concepts of photography.
What you’ll love: This course covers everything from photography basics to learning HDR photography and Adobe Photoshop. It also teaches different types of photography, including landscape and portrait. Along with this, there’s a module about the different ways to earn money through photography.
What you should consider: It’s a long course with over eight hours of videos, but it does come with lifetime access. The audio is low at times.
Where to buy: Sold by Udemy
Top online photography course for the money
Cameras, Exposure, and Photography
What you need to know: Designed for beginner photographers, this course breaks down the basics of taking photos and preparing your camera for future shoots.
What you’ll love: With around 19 hours of content, this course features separate readings, quizzes and videos. It’s the first course out of five, so it sets the foundation early on with lessons on camera settings, vantage points and framing your photos.
What you should consider: The quizzes are simple, and the course is primarily aimed at beginners.
Where to buy: Sold by Coursera
Worth checking out
What you need to know: If you’re interested in a brief course about landscape photography, then this course is right for you.
What you’ll love: With 45 minutes of content, this online course teaches the basics of landscape photography. The course is separated into sections, including one on camera settings and another on how to create a composition.
What you should consider: Those who take the course should already have a DSLR camera and understand the basic settings and features.
Where to buy: Sold by Udemy
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Copyright 2022 BestReviews, a Nexstar company. All rights reserved. | https://cw33.com/reviews/br/education-br/best-online-photography-course/ | 2022-04-05T13:46:07Z |
Monday forecast: Hot today, much cooler tomorrow
Rain chance increases tonight and continues tomorrow
TOPEKA, Kan. (WIBW) - This week will feature temperatures below average for most of the week, we just have to get through today’s heat first. Rain chances exist mainly tonight through Tuesday evening then again possibly toward the end of the week and start of the weekend.
Taking Action:
- Most spots will be hot again today with 90s for highs and heat indices near 100°. Make sure you’re hydrating and staying cool.
- There is a very low chance for storms late this afternoon/early evening where a storm may produce strong winds and possible hail, most spots will be dry.
- Better chance of rain will exist after midnight through Tuesday evening however this will not be a widespread soaker. If you have outdoor plans tomorrow with the cooler temperatures, keep them just check the radar before heading out to find out where the rain is.
Confidence is medium to high that many spots will likely remain in the 0.01″-0.20″ of rain tonight through Tuesday evening however some areas may be able to get more than 0.20″. As of now those that will have the highest probability of getting more than 0.20″ is along HWY 36 and east of HWY 75.
Today: Mix of sun and clouds. Low chance for an isolated shower/storm mainly after 4pm. Wide range in highs today with mid 80s near the Nebraska border and mid-upper 90s near I-35. Winds SE 5-15 mph.
Tonight: Slight chance of storms before midnight, better chance for more scattered showers/storms after midnight. Lows in the mid 60s to low 70s. Winds E 5-15 mph.
Tomorrow: The chance of showers/storms will exist all day however most spots will be dry for the majority of the day. Highs in the low-mid 70s near the Nebraska border with upper 70s-low 80s southeast of the turnpike. Winds NE/E 5-15 mph.
You will not notice a drop in humidity until late tomorrow into Tuesday night with more comfortable conditions Wednesday through Friday with highs in the 80s.
There does exist low chances for rain Friday through Monday however confidence remains very low on when the best chances for rain will be. Will just keep the chance in on Friday night for consistency purposes and the fact most models have at least a chance of rain during this time confidence is somewhat higher of the opportunity for rain Friday night. Only one model has a rain chance in for the weekend into Monday so it’s a lower chance rain even exists in the first place. Temperatures remain near seasonal over the weekend with highs in the mid-upper 80s.
Copyright 2022 WIBW. All rights reserved. | https://www.wibw.com/2022/08/15/monday-forecast-hot-today-much-cooler-tomorrow/ | 2022-08-15T09:21:17Z |
BEIJING, Aug. 11, 2022 /PRNewswire/ -- About 78.34 percent of respondents from 22 countries believe the Chinese economy has become the engine of the world economy, according to a joint survey conducted by CGTN Think Tank and the Chinese Institute of Public Opinion at Renmin University of China.
The survey has interviewed respondents who are 38.64 years old on average from developed countries such as the U.S., UK, Australia, Japan, as well as developing countries like Brazil, India, United Arab Emirates, and South Africa.
Over half of the respondents have higher education, with 54.71 percent having a bachelor's degree or above, of which 15.22 percent are masters and doctors.
The world's economic engine
The survey showed that 91.46 percent of respondents from Africa speak highly of China's economic achievements, believing that China has become the world's economic engine. Respondents from Europe follow closely with a share of 81.6 percent, while respondents from North America rank third with 78.09 percent.
It also showed that 84.13 percent of respondents from countries in the Belt and Road Initiative speak highly of China's economic achievements. Meanwhile, 84.02 percent of respondents from developing countries have confidence in the Chinese economy.
In terms of future expectations, 76.23 percent of respondents expect that China will play a crucial role in promoting global economic development.
The future world order
Only 6.31 percent of respondents to the survey believe the world will be unipolar in the future and dominated by the U.S., while 34.55 percent, the largest group, think a multipolar world is the most likely prospect.
Some 56 percent from both developed and emerging economies say the real reason Western politicians promote "the China Threat" is due to their "stress and anxiety" over China's rise.
The Chinese concept of "a community with a shared future," which emphasizes humankind as a whole and seeks a new path to avoid confrontation, is supported by 61.29 percent of those surveyed.
China's rapid technology development
In terms of China's rapid technology development, respondents are most impressed by its 5G development, artificial intelligence and high-speed railway.
In Africa, 73.87 percent of respondents are most impressed by China's 5G, and 55.28 percent of respondents praise the country's high-speed railway. In Europe, 52.77 percent of respondents are impressed with the country's progress in artificial intelligence.
Improved quality of Chinese people's life
China's gross domestic product per capita has increased from $6,100 to more than $12,000 over the past ten years, which 76.65 percent of respondents believed is remarkable. In the survey, over 70 percent of respondents from five continents believe China is getting richer.
There are nearly 100 million rural poor people in China who have been lifted out of poverty in the past decade, and the vast majority of respondents believe top two reasons are that China's economy maintains rapid growth and that Chinese leaders are determined and firmly marching toward their goals.
According to the survey, a majority approve of China's approach to human rights, and 57.36 percent of the people surveyed agree with the statement "China always treats human rights realistically and practically."
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SOURCE CGTN | https://www.mysuncoast.com/prnewswire/2022/08/11/chinas-economy-becomes-worlds-economic-engine-survey/ | 2022-08-11T09:42:04Z |
BOSTON (AP) — Federal transportation officials issued a series of orders to the Boston area’s troubled public transit agency Wednesday to address what they called “longstanding issues” with the system’s “overall safety program and safety culture.”
The Federal Transit Administration’s four “ special directives ” require the Massachusetts Bay Transportation Authority to better staff its operations control center; improve track maintainance; address unintended and uncontrolled train movements in maintenance facilities and rail yards; and ensure that all employee training certifications are up to date.
The FTA started a review of the MBTA in April following several recent accidents that led to injuries or death.
The FTA issued a fifth directive to the state Department of Public Utilities — which is responsible for safety oversight of the MBTA’s rail transit operations — to enforce the other directives.
The MBTA — known locally as the T — is already developing a plan to implement the orders.
“Examining the actions required by the FTA, the MBTA is developing immediate and long-term mitigation measures to address these matters,” the T said in a statement. “The MBTA will share its plans with the FTA in the coming days and weeks.”
The T has made $8 billion in infrastructure and vehicle investments in the past five years in an effort to make it “a transit industry leader in safety and reliability,” the T said.
There have been several safety problems on the system in the past year, including a crash involving two Green Line trains June 1 that sent four employees to the hospital.
A 39-year-old man died in April when his arm got stuck in a malfunctioning subway car door and he was dragged along the platform. Nine people were injured in September when an escalator at a station malfunctioned, and more than two dozen people went to the hospital last July when a Green Line train rear-ended another trolley.
The T’s operations center, which houses the dispatchers and others who coordinate train movements throughout the system, is understaffed, and that staff is not adequately trained, the FTA said.
The lack of staffing has meant that dispatchers have had to work shifts of up to 20 hours, followed by only four hours off.
“Taken together, MBTA has created a management process whereby (operations control center) staff members are required to work without certifications, in a fatigued state, and often fulfilling multiple roles at once,” the FTA said.
As an example of maintenance issues, the FTA’s review found that a section of Orange Line track has been under speed restrictions since 2019 due to excessive wear and defects. The T was ordered to repair the track.
The FTA also found that since Jan. 1, 2021, the MBTA has reported five runaway trains in yards or during maintenance-related movements, including two that occured in May during the review.
“Failure to properly secure disabled trains, including trains with insufficient brakes or propulsion systems, and failure to properly secure disabled trains in yards and maintenance facilities is a significant safety risk,” the order said.
The T said as of this week, all rail transit employees, including at the operations center, will be certified.
The FTA warned that passengers should not take the orders to mean that they should avoid public transit. | https://cw33.com/news/u-s-news/ap-us-headlines/federal-transit-agency-orders-improvements-to-boston-system/ | 2022-06-16T15:58:43Z |
FORT LAUDERDALE, Fla., May 11, 2022 /PRNewswire/ -- South Florida PBS (WPBT & WXEL) invites the South Florida community to an important community event, Your South Florida Wade in the Water: A Community Conversation consisting of a screening of the short film, Wade in the Water: Drowning in Racism, followed by the live taping of a Your South Florida (YSF) episode which will use the film as the springboard for a discussion focusing on Social Justice, Public Health, and Swim Safety.
The event will take place in person at the new L.A. Lee YMCA/Mizell Community Center and will also be streamed live on WPBT's and WXEL's Facebook pages & YouTube channels as well as taped for a future broadcast of Your South Florida.
Participating in the Social Justice discussion:
- Tameka Bradley Hobbs, Ph.D., Executive Director of the A. Philip Randolph Institute for Law, Race, Social Justice, and Economic Policy at Edward Waters University
- Robert Morris, Ph.D., College Professor & Historian, NAACP Broward College Chapter Advisor
- Cathleen Dean, Emmy-winning filmmaker of "Wade in the Water", Director of Arts & Theatre Performance at the YMCA of South Florida
Participating in the Public Health/Swim Safety discussion:
- Yvonne T. Johnson, M.D., Chief Medical Officer, South Miami Hospital
- Lee Pitts, Swimming Educator & former competitive swimmer, Host and Executive Producer of "Lee Pitts Live"
- Tara M. Montenaro, Executive Vice President of Operations, YMCA of South Florida
To RSVP click here.
This program is made possible by:
Funding for this program was provided through a grant from Florida Humanities with funds from the National Endowment for the Humanities. Any views, findings, conclusions, or recommendations expressed in this (publication) (program) (exhibition) (website) do not necessarily represent those of Florida Humanities or the National Endowment for the Humanities.
About South Florida PBS
South Florida PBS is Florida's largest public media company, including Public Broadcasting stations WXEL-TV, serving the Palm Beaches and the Treasure Coast and WPBT2, serving Miami-Dade and Broward counties, and the Health Channel, the only 24/7 channel dedicated to health in the nation. South Florida PBS connects organizations and institutions across our region and preserves South Florida's history. Leading the way in this global society, South Florida PBS is committed to creating and presenting award-winning programs focused on kids, education, arts and culture, health, environment, science, and civic engagement.
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SOURCE South Florida PBS | https://www.kxii.com/prnewswire/2022/05/11/your-south-florida-wade-water-community-conversation/ | 2022-05-11T19:24:32Z |
Watching Your Wallet: New tools to help your credit score
Cellphone, Netflix bills could improve your score
INVESTIGATETV - A good credit score is essential for your financial health.
When you apply to rent an apartment, finance a car, or borrow money, lenders look at your credit reports and credit scores to help determine your eligibility.
Many credit card companies provide credit scores to their users for free. If yours doesn’t, the Consumer Financial Protection Bureau provides information and resources for both free and paid methods for learning your score.
According to Credit.org, credit scores can range from 300 to 850, with a good score being 680 or higher.
If you are just starting out and have no credit history or if your score is below 680, you have a few options.
Experian Boost takes into account the bills you pay on time that don’t normally get added to a credit report.
Rod Griffin, the senior director of consumer education and advocacy for Experian, said even something as simple as streaming a movie can now indirectly help your credit.
“It can help you add your positive cell phone payments,” Griffin said. “Your positive utility payments even your streaming services like Netflix to your credit report that could help improve your credit scores.”
Historically, cell phone companies and utilities didn’t report positive information, they only reported accounts in collection. But with this product, you can get credit for keeping your account in good standing.
UltraFICO works much in the same way as Experian Boost by allowing lenders to see your positive banking account activity including how much money you have in your accounts, how long you’ve had those accounts and how much you use them.
Growing your credit score to 680 and beyond will make it easier, and usually cheaper, to borrow money.
Copyright 2022 Gray DCC. All rights reserved. | https://www.mysuncoast.com/2022/06/27/watching-your-wallet-new-tools-help-your-credit-score/ | 2022-06-27T19:07:52Z |
Fiscal 2022 Highlights
- Total net sales of $635.9 million, a year-over-year increase of 12.8%.
- All business segments reported year-over-year growth with Automotive Electronics up 22.4%, Consumer Electronics up 9.0% and Biometrics up 5.5%.
- Onkyo Home Entertainment acquisition completed in Q3 of Fiscal 2022; joint venture with Sharp Corporation formed; licensing and distribution agreement with Pioneer Corporation established.
- New, multi-year OEM awards received across multiple product categories.
Fiscal 2023 Updates
- New OEM programs with Ford awarded for rear-seat entertainment systems, bringing total estimated value of Ford awards to over $200 million through calendar year 2027.
- New OEM program awarded by Osh Kosh Defense in support of the U.S. Postal Service Fleet Modernization Initiative; multi-year program with initial award estimated at approximately $45.0 million.
- Company anticipates growth and bottom-line improvements in Fiscal 2023.
ORLANDO, Fla., May 16, 2022 /PRNewswire/ -- VOXX International Corporation (NASDAQ: VOXX), a leading manufacturer and distributor of automotive and consumer technologies for the global markets, today announced its financial results for its Fiscal 2022 fourth quarter and year ended February 28, 2022.
Commenting on the Company's results and business outlook, Pat Lavelle, President and Chief Executive Officer stated, "We experienced one of the most challenging years in our history due to global supply chain disruptions, and still delivered revenue growth of close to 13% and Adjusted EBITDA of nearly $40 million. I'm proud of the VOXX team and how they performed and especially pleased with their ongoing support of our customers. During Fiscal 2022, we acquired the Onkyo and Integra brands for consumer electronics products and formed a joint venture with Sharp Corporation, established a licensing and distribution agreement with Pioneer, added new brands at 11TC, and continued to win new, long-term Automotive OEM awards. Since year-end, we've added substantial OEM business, all of which fuels our long-term optimism. "
Lavelle continued, "Chip shortages and the ongoing impact to OEM production remains the #1 obstacle near-term. With that said, the opportunities to drive both top- and bottom-line growth throughout our business has never been stronger as we look out over the next few years. We will remain diligent in our capital allocation plans, while continuing to invest in innovation to expand market share and our reach."
Fiscal 2022 and Fiscal 2021 Fourth Quarter Comparisons
Net sales in the Fiscal 2022 fourth quarter ended February 28, 2022, were $163.9 million as compared to net sales of $162.5 million in the Fiscal 2021 fourth quarter ended February 28, 2021, an increase of $1.4 million or 0.8%.
- Automotive Electronics segment net sales in the Fiscal 2022 fourth quarter were $50.6 million as compared to $52.5 million in the comparable year-ago period, a decrease of $1.9 million or 3.7%. For the same comparable periods, OEM product sales were $15.2 million as compared to $13.7 million, and aftermarket product sales were $35.4 million as compared to $38.8 million. The Company continued to be impacted by industrywide chip and part shortages, resulting in lower aftermarket product sales and delays in OEM customer production, despite the increase in OEM product sales.
- Consumer Electronics segment net sales in the Fiscal 2022 fourth quarter were $113.1 million as compared to $109.7 million in the comparable year-ago period, an increase of $3.4 million or 3.1%. For the same comparable periods. Premium Audio product sales were $91.4 million as compared to $83.4 million, and other CE product sales were $21.7 million as compared to $26.3 million. Driving the year-over-year growth were higher sales within the 11 Trading Company subsidiary ("11TC"), which increased by $20.2 million for the comparable fourth quarter periods, partially offset by the impact of industrywide supply chain constraints and chip shortages.
- Biometrics segment net sales in both the Fiscal 2022 and Fiscal 2021 fourth quarters were $0.1 million.
The gross margin in the Fiscal 2022 fourth quarter was 26.8% as compared to 26.1% in the Fiscal 2021 fourth quarter, an increase of 70 basis points. The year-over-year improvement was primarily driven by higher margins in the Consumer Electronics segment, partially offset by lower margins in the Automotive Electronics segment. For the same comparable periods, the Company reported:
- Automotive Electronics segment gross margin of 20.1% as compared to 26.2%, a decrease of 610 basis points. The year-over-year decline was primarily related to higher supply chain costs, slower moving inventory, as well as higher costs related to new OEM rear-seat entertainment programs. The Company has worked to mitigate this impact and imposed additional price increases in the Fiscal 2022 fourth quarter to offset the higher costs in future periods.
- Consumer Electronics segment gross margin of 29.8% as compared to 26.2%, an increase of 360 basis points. The primary drivers for the year-over-year increase are higher sales within 11TC, which includes the addition of Onkyo products and other brands distributed through 11TC, as well as the positive impact from price increases that were instituted throughout Fiscal 2022.
- Biometrics segment gross margins were negative in both the Fiscal 2022 and Fiscal 2021 fourth quarter periods, though the gross profit impact for the comparable periods was an increase of $0.2 million.
Total operating expenses in the Fiscal 2022 fourth quarter were $40.7 million as compared to $38.5 million in the comparable Fiscal 2021 period, an increase of $2.2 million. For the same Fiscal 2022 and Fiscal 2021 fourth quarter periods:
- Selling expenses of $13.3 million increased by $0.5 million, primarily related to higher salary, advertising, marketing, and travel and entertainment expenses, partially offset by a decrease in website fees related to e-commerce initiatives, and a modest decrease in commissions based on higher sales.
- General and administrative expenses of $19.3 million increased by $0.9 million. The Company incurred higher depreciation and amortization expenses and office expenses in the Fiscal 2022 fourth quarter period.
- Engineering and technical support expenses of $7.7 million increased by $1.8 million when comparing the periods ended February 28, 2022 and February 28, 2021. The year-over-year increase was primarily due to an increase in engineering labor expenses related to the Onkyo acquisition.
- Intangible asset impairment charges declined by $1.3 million, as the Company incurred an impairment charge related to one of its trademarks in the Consumer Electronics segment of $1.3 million in Fiscal 2021.
Operating income in the Fiscal 2022 fourth quarter was $3.2 million as compared to operating income of $3.9 million in the comparable Fiscal 2021 fourth quarter.
Total other income, net, in the Fiscal 2022 fourth quarter was a loss of $(0.1) million as compared to other income, net of $2.1 million in the Fiscal 2021 fourth quarter.
Net income attributable to VOXX International Corporation in the Fiscal 2022 fourth quarter was $2.8 million as compared to net income attributable to VOXX International Corporation of $9.4 million in the comparable Fiscal 2021 period. The Company reported basic and diluted net income per share attributable to VOXX International Corporation of $0.11 in the Fiscal 2022 fourth quarter as compared to basic and diluted net income per common share attributable to VOXX International Corporation of $0.39 and $0.38, respectively, in the comparable Fiscal 2021 period.
Earnings Before Interest, Taxes, Depreciation and Amortization ("EBITDA") in the Fiscal 2022 fourth quarter was $8.4 million as compared to EBITDA in the Fiscal 2021 fourth quarter of $10.3 million. Adjusted EBITDA in the Fiscal 2022 fourth quarter was $9.3 million as compared to Adjusted EBITDA in the Fiscal 2021 fourth quarter of $11.9 million.
Fiscal 2022 and Fiscal 2021 Year-End Comparisons
Net sales in the Fiscal 2022 year ended February 28, 2022, were $635.9 million as compared to net sales of $563.6 million in the Fiscal 2021 year ended February 28, 2021, an increase of $72.3 million or 12.8%.
- Automotive Electronics segment net sales in Fiscal 2022 were $200.6 million as compared to $163.9 million in the comparable year-ago period, an increase of $36.7 million or 22.4%. For the same comparable periods, OEM product sales were $65.0 million as compared to $46.2 million, an increase of $18.8 million or 40.8%, and aftermarket product sales were $135.6 million as compared to $117.7 million, an increase of $17.8 million or 15.2%. Driving the year-over-year increase were higher sales of aftermarket security products related to the Company's DEI subsidiary and higher sales of rear-seat entertainment systems due to the start of new programs with Stellantis, Ford and Nissan, which were not present in the prior year. Industrywide chip and part shortages, along with global supply chain constraints adversely impacted sales for both the Fiscal 2022 and Fiscal 2021 periods.
- Consumer Electronics segment net sales in Fiscal 2022 were $433.9 million as compared to $398.3 million in the comparable Fiscal 2021 period, an increase of $35.7 million or 9.0%. For the same comparable periods, Premium Audio product sales were $344.0 million as compared to $299.9 million, an increase of $44.1 million or 14.7%. Other Consumer Electronics product sales were $89.9 million as compared to $98.4 million, a decrease of $8.4 million or 8.6%. Driving the year-over-year increase was a $45.7 million increase in sales within the 11TC subsidiary, higher sales of wireless accessory products, and higher premium audio product and accessory sales in Europe. Industrywide chip and part shortages, along with global supply chain constraints adversely impacted sales for both the Fiscal 2022 and Fiscal 2021 periods.
- Biometrics segment net sales in Fiscal 2022 were $0.9 million as compared to $0.8 million in the comparable Fiscal 2021 period.
The gross margin in Fiscal 2022 was 26.7% as compared to 28.1% in Fiscal 2021, a decline of 140 basis points. While gross margin declined for the comparable periods, gross profit increased by $10.9 million. Supply chain constraints, price increases for parts, transportation, and warehousing, and product mix were the primary contributing factors to the decline in gross margin with the increase in gross profit related to higher sales. For the same comparable periods, the Company reported:
- Automotive Electronics segment gross margin of 23.6% as compared to 24.0%, a decline of 40 basis points. The year-over-year decline was primarily related to the increased cost of materials and shipping, higher tariffs included in cost of goods sold and lower gross margin associated with certain new OEM rear-seat entertainment programs. This was partially offset by higher margins in certain aftermarket categories and lower fulfilment sales of satellite radio products for the comparable period.
- Consumer Electronics segment gross margin of 28.0% as compared to 29.8%, a decline of 180 basis points. The year-over-year decline was primarily related to higher container costs and surcharges, partially offset by higher sales within the 11TC, among other factors.
- Biometrics segment gross margins of 21.0% as compared to negative gross margin of 22.8%. In the Fiscal 2021 period, the Company incurred higher tooling and effective repair costs, as well as inventory obsolescence charges for certain products.
Total operating expenses in Fiscal 2022 were $161.6 million as compared to $136.1 million in Fiscal 2021, an increase of $25.5 million. The year-over-year increase is primary related to the addition of Onkyo expenses, and additional headcount at the Onkyo, Australia PAC and DEI subsidiaries. The increase was also due to higher acquisition costs incurred in Fiscal 2022, partially offset by lower intangible asset impairment charges which occurred in Fiscal 2021 but were not present in Fiscal 2022. For the same Fiscal 2022 and Fiscal 2021 periods:
- Selling expenses of $50.5 million increased by $6.7 million, primarily as a result of higher salary and payroll expenses related to higher headcount, the absence of COVID-19 related furloughs that were present in Fiscal 2021, and higher advertising and web fees, among other factors, partially offset by lower trade show expenses.
- General and administrative expenses of $76.0 increased by $6.2 million, primarily due to a $3.1 million increase in professional fees, higher office and occupancy expenses due to costs related to the new Onkyo subsidiary, a full year of DEI subsidiary expenses, and higher depreciation and amortization expenses, among other factors. This was partially offset by lower salary and related payroll expenses.
- Engineering and technical support expenses of $31.5 million increased by $10.6 million, primarily due to an increase in direct labor and related payroll tax expense as a result of additional headcount related to the Onkyo and DEI subsidiaries, higher reimbursement of engineering labor expense in the prior year, and an increase in research and development expense in support of new programs and products.
- Acquisition costs of $3.6 million increased by $3.3 million, primarily due to consulting and due diligence fees for the asset purchase agreement signed with Onkyo Home Entertainment Corporation and the joint venture created with Sharp Corporation. In the prior Fiscal 2021 period, acquisition costs incurred related to the Company's VSHC and DEI acquisitions, completed in January 2020 and July 2020, respectively.
- Intangible asset impairment charges declined by $1.3 million, as the Company incurred an impairment charge related to one of its trademarks in the Consumer Electronics segment of $1.3 million in Fiscal 2021.
Operating income in Fiscal 2022 was $7.9 million as compared to operating income of $22.5 million in Fiscal 2021.
Total other income, net, in Fiscal 2022 was a loss of $(33.8) million as compared to total other income, net, of $5.2 million in Fiscal 2021. Driving the year-over-year increase was a $39.4 million expense associated with the Seaguard Electronics LLC arbitration. Additionally, interest and bank charges declined by $0.4 million and equity in income of equity investees increased by $0.5 million, partially offset by a $0.4 million decline in other, net for the comparable Fiscal 2022 and Fiscal 2021 periods.
Net loss attributable to VOXX International Corporation in Fiscal 2022 was $(22.3) million as compared to net income attributable to VOXX International Corporation of $26.8 million in the comparable Fiscal 2021 period. The Company reported basic and diluted net loss per share attributable to VOXX International Corporation of $(0.92) in Fiscal 2022 as compared to basic and diluted net income per common share attributable to VOXX International Corporation of $1.11 and $1.09, respectively, in the comparable Fiscal 2021 period.
Earnings Before Interest, Taxes, Depreciation and Amortization ("EBITDA") in Fiscal 2022 was a loss of $(6.8) million as compared to EBITDA in Fiscal 2021 of $44.4 million. Adjusted EBITDA in Fiscal 2022 was $39.3 million as compared to Adjusted EBITDA of $47.2 million in Fiscal 2021.
Seaguard Electronics LLC
On March 3, 2022, the Arbitrator issued a Partial Final Award on Bifurcated Issue in in favor of Seaguard Electronics LLC in the amount of $39,444, plus $798 for its attorneys' fees and costs. On March 11, 2022, the Arbitrator fixed the schedule of the patent portion of the bifurcated arbitration, with a trial date set for October 16, 2023. The Company has put its suppliers on notice of its indemnification rights with respect to the alleged infringing products. On March 14, 2022, Seaguard filed a Petition in the United States District Court, Central District of California, Western Division, to confirm the Partial Final Award. On April 25, 2022, the Company filed its opposition to the Petition and a Counter-Petition to Vacate the Partial Final Award. A hearing on the Petition and Counter-Petition is presently scheduled for June 3, 2022.
At February 28, 2022, the Company has recorded a charge of $39,444 within Other (expense) income in the accompanying Consolidated Statements of Operations and Comprehensive (Loss) Income. No accrual or reserve was included in the Company's issued financial statements prior to the quarter ended November 30, 2021, based on an assessment that an award of damages in the arbitration proceeding would not be material and that the amount as determined by the Arbitrator's award was not probable. The Company made its accrual determination in accordance with reports and evaluations from its damages expert, as well as from the guidance and opinion letters received from the Company's trial attorneys.
Balance Sheet Update
As of February 28, 2022, the Company had cash and cash equivalents of $27.8 million as compared to $59.4 million as of February 28, 2021. Total debt as of February 28, 2022, was $13.2 million as compared to $7.1 million as of February 28, 2021. The increase in total debt is related to a loan agreement with the shareholders of the joint venture, in conjunction with the Onkyo acquisition. The loan balance represents the portion of the loan payable to Sharp Corporation, Premium Audio Company's joint venture partner. The increase in total debt is also related to a Euro asset-based lending credit facility associated with VOXX Germany. Total long-term debt, net of debt issuance costs as of February 28, 2022 was $9.8 million as compared to $6.0 million as of February 28, 2021.
Conference Call Information
VOXX International Corporation will be hosting its conference call and webcast on Tuesday, May 17, 2022 at 10:00 a.m. Eastern. Interested parties can participate by visiting www.voxxintl.com and clicking on the webcast in the Investor Relations section or via teleconference using the information below.
- Toll-free number: 877-303-9079 / International number: 970-315-0461 / Conference ID: 4898372
A webcast and teleconference replay will be available approximately one hour after the completion of the call.
Replay Information
- Replay number: 855-859-2056 / International replay number: 404-537-3406 / Conference ID: 4898372
Non-GAAP Measures
EBITDA and Adjusted EBITDA are not financial measures recognized by GAAP. EBITDA represents net (loss) income, computed in accordance with GAAP, before interest expense and bank charges, taxes, and depreciation and amortization. Adjusted EBITDA represents EBITDA adjusted for stock-based compensation expense, life insurance proceeds, certain non-recurring legal and professional fees, settlements and awards, non-recurring gains, acquisition costs, and impairment charges. Depreciation, amortization, stock-based compensation, and impairment charges are non-cash items.
We present EBITDA and Adjusted EBITDA in this Form 10-K because we consider them to be useful and appropriate supplemental measures of our performance. Adjusted EBITDA helps us to evaluate our performance without the effects of certain GAAP calculations that may not have a direct cash impact on our current operating performance. In addition, the exclusion of certain costs or gains relating to certain events that occurred during the periods presented allows for a more meaningful comparison of our results from period-to-period. These non-GAAP measures, as we define them, are not necessarily comparable to similarly entitled measures of other companies and may not be an appropriate measure for performance relative to other companies. EBITDA and Adjusted EBITDA should not be assessed in isolation from, are not intended to represent, and should not be considered to be more meaningful measures than, or alternatives to, measures of operating performance as determined in accordance with GAAP.
About VOXX International Corporation VOXX International Corporation (NASDAQ: VOXX) has grown into a leader in Automotive Electronics and Consumer Electronics, with emerging Biometrics technology to capitalize on the increased need for advanced security. Over the past several decades, with a portfolio of approximately 35 trusted brands, VOXX has built market-leading positions in in-vehicle entertainment, automotive security, reception products, a number of premium audio market segments, and more. VOXX is a global company, with an extensive distribution network that includes power retailers, mass merchandisers, 12-volt specialists and many of the world's leading automotive manufacturers. For additional information, please visit our website at www.voxxintl.com.
Safe Harbor Statement
Except for historical information contained herein, statements made in this release constitute forward-looking statements and thus may involve certain risks and uncertainties. All forward-looking statements made in this release are based on currently available information and the Company assumes no responsibility to update any such forward-looking statements. The following factors, among others, may cause actual results to differ materially from the results suggested in the forward-looking statements. The factors include, but are not limited to the: risk factors described in the Company's annual report on Form 10-K for the fiscal year ended February 28, 2022, and other filings made by the Company from time to time with the SEC.
The factors described in such SEC filings include, without limitation: the impact of the COVID-19 outbreak on the Company's results of operations, global supply shortages and logistics costs and delays; cybersecurity risks; risks that may result from changes in the Company's business operations; our ability to keep pace with technological advances; significant competition in the automotive electronics, consumer electronics and biometrics businesses; our relationships with key suppliers and customers; quality and consumer acceptance of newly introduced products; market volatility; non-availability of product; excess inventory; price and product competition; new product introductions; foreign currency fluctuations; and restrictive debt covenants. Many of the foregoing risks and uncertainties are, and will be, exacerbated by the COVID-19 pandemic, the War in the Ukraine and any worsening of the global business and economic environment as a result. The Company assumes no obligation and does not intend to update these forward-looking statements.
Investor Relations Contact:
Glenn Wiener, GW Communications (for VOXX)
Email: gwiener@GWCco.com
-- Tables to Follow -
View original content:
SOURCE VOXX International Corporation | https://www.mysuncoast.com/prnewswire/2022/05/16/voxx-international-corporation-reports-its-fiscal-2022-fourth-quarter-year-end-financial-results/ | 2022-05-16T21:58:36Z |
California governor pleads for more water conservation, warns of mandatory statewide restrictions
By Stephanie Elam, CNN
As California stretches into its third year of drought, Gov. Gavin Newsom is warning local officials that more needs to be done to save water, and to make sure all residents realize how urgent the crisis is.
If not, Newsom said, Californians could face mandatory statewide water restrictions this summer.
Newsom met with the leaders of the largest urban water suppliers on Monday and implored that they “take more aggressive actions to combat drought and better engage their customers to ensure all Californians are doing their part to save water.”
Despite reservoirs dropping to critically low levels — the largest ones currently at half of their historical averages, the state said — the data shows the majority of Californians aren’t conserving enough.
In July 2021, Newsom announced a drought emergency, calling on residents and businesses to voluntarily cut their water usage by 15%. Yet in March, not only was the target not met, but urban water usage rose by 19% from March 2020 — the highest March water consumption since 2015, according to the State Water Resources Control Board.
Newsom said the water suppliers previously asked for more flexibility when responding to droughts based on regional needs and supplies — a localized method he said he supported as long as the conservation efforts improved.
But now he’s expressing concern that approach might not be enough.
“Every water agency across the state needs to take more aggressive actions to communicate about the drought emergency and implement conservation measure,” Newsom said in a statement. “Californians made significant changes since the last drought but we have seen an uptick in water use, especially as we enter the summer months. We all have to be more thoughtful about how to make every drop count.”
Advocates have previously told CNN that government officials should focus less on residential water cuts and instead mandate them for the businesses and industries that use the most water.
Jessica Gable, a spokesperson for Food & Water Watch, an advocacy group aimed at corporate and government accountability, told CNN that “there has been no effort to curtail the industries that are using the most water, which are coincidentally the industries that are also sending out the most emissions that are fueling the climate crisis.”
Scientists found earlier this year that the West’s current megadrought is the worst in 1,200 years, and the climate crisis has made it 72% worse.
On Tuesday, the State Water Resources Control Board will vote on a statewide ban of watering nonfunctional turf — such as lawns that serve no purpose — in the commercial, industrial and institutional sectors, and on regulations that would mandate local agencies to implement water use restrictions in all urban areas statewide “amid the possibility that water supplies may be up to 20% lower due to extreme weather.”
Newsom will meet with agency leaders again in the next two months for an update. He also asked that the agencies submit water use data more often as a way to measure if the state is meeting its water conservation goals.
The-CNN-Wire
™ & © 2022 Cable News Network, Inc., a WarnerMedia Company. All rights reserved. | https://localnews8.com/news/national-world/cnn-national/2022/05/23/california-governor-pleads-for-more-water-conservation-warns-of-mandatory-statewide-restrictions/ | 2022-05-24T00:35:46Z |
SCHOOL DISTRICT RATINGS
The Texas Education Agency released 2022 overall ratings for several school districts in Central Texas:
Academy ISD, B
Bartlett ISD, B
Belton ISD, B
Buckholts ISD, B
Bruceville-Eddy ISD, B
Cameron ISD, B
Copperas Cove ISD, B
Florence ISD, C
Gatesville ISD, B
Gause ISD, B
Holland ISD, A
Killeen ISD, C
Lampasas ISD, A
Milano ISD, A
Moody ISD, B
Rockdale ISD, B
Rogers ISD, B
Rosebud-Lott ISD, B
Salado ISD, B
Temple ISD, C
Thorndale ISD, B
Troy ISD, A
CAMPUS RATINGS
Here are 2022 Texas Education Agency campus ratings for the Temple, Belton and Salado school districts:
Temple ISD: C
Temple High School: 75
Meridith-Dunbar Early Childhood Academy: 81
Bonham Middle School: 88
Lamar Middle School: 74
Travis Science Academy: 78
Cater Elementary: 67 (Not Rated)
Hector P. Garcia Elementary: 76
Jefferson Elementary: 78
Kennedy-Powell Elementary: 81
Raye-Allen Elementary: 80
Scott Elementary: 89
Thornton Elementary: 73
Western Hills Elementary: 76
Fred W. Edwards Academy: 83
Wheatley Alternative Education Center: N/A
Belton ISD: B
Belton High School: 84
Charter Oak Elementary: 82
Lake Belton High School: 82
Chisholm Trail Elementary: 78
Belton New Tech High School @ Waskow: N/A
High Point Elementary: 73
Belton Middle School: 74
Lakewood Elementary: 96
Lake Belton Middle School: 88
Leon Heights Elementary: 78
Miller Heights Elementary: 67 (Not Rated)
North Belton Middle School: 79
South Belton Middle School: 64 (Not Rated)
Joe P. Pirtle Elementary: 86
Southwest Elementary: 61 (Not Rated)
Belton Early Childhood School: 87
Sparta Elementary: 95
Tarver Elementary: 71
Salado ISD: B
Salado High School: 93
Salado Middle School: 78
Thomas Arnold Elementary: 78 | https://www.tdtnews.com/news/central_texas_news/article_b653c7ba-20fa-11ed-abc4-1baf54a05a9c.html | 2022-08-21T07:09:47Z |
DALLAS (KDAF) — Have you ever tried to buy a win for your favorite football team? One would assume it would cost several hundred thousand dollars to buy an NFL or college football win. Who’s got that kind of cash? The Texas Lottery might have a clue…
The lottery reports a $1 million winning ticket from Monday night’s Powerball drawing was sold near San Antonio. “A $1 MILLION winning ticket for last night’s #Powerball drawing was sold in #NewBraunfels! #TexasLottery #Texas,” the Texas Lottery tweeted.
That ticket matched all five of the winning numbers, excluding the Powerball to net the seven-figure win. Those numbers were 6, 14, 16, 34, and 66 with the Powerball 25. It was sold at CT Mart on State Highway 46 West in New Braunfels; the ticket was a Quick Pick.
The lottery says, “Tickets must be claimed no later than 180 days after the draw date.” The next drawing is set for Wednesday, Sep. 14 with a jackpot of $206 million which has a cash value of $112.4 million. | https://cw33.com/news/texas/1-million-winning-powerball-texas-lottery-ticket-sold-near-san-antonio/ | 2022-09-13T15:30:20Z |
AUBURN HILLS, Mich., May 12, 2022 /PRNewswire/ --
- 2022 Chrysler Pacifica Hybrid corrals multiple awards, including a sixth consecutive Family Vehicle of Texas honor and the Green Vehicle of Texas award at the Texas Automotive Writers Association (TAWA) Auto Roundup
- Pacifica also repeats with win in the TAWA Auto Roundup Best Minivan category
- 2022 Chrysler Pacifica Hybrid earns Best Interior and Best Feature awards — Pinnacle model is loaded with premium features, including Nappa leather seats, second-row captain's chairs with removable comfort pillows and new Amazon Fire TV feature for the Uconnect Theater system
- Chrysler Pacifica Hybrid offers an all-electric range of more than 30 miles, more than 80 miles per gallon equivalent (MPGe) and a total range of more than 500 miles
- Chrysler Pacifica, the most awarded minivan over the last six years, has earned more than 170 honors and industry accolades
The 2022 Chrysler Pacifica Hybrid claimed multiple victories at the Texas Automotive Writers Association (TAWA) Auto Roundup, held April 25-26 at Texas Motor Speedway in Fort Worth, earning prestigious Family Vehicle of Texas honors for the sixth consecutive year, as well winning the Green Vehicle of Texas award.
Pacifica is the most awarded minivan over the last six years, and has compiled more than 170 honors since its introduction as a minivan, including a TOP SAFETY PICK+ rating from the Insurance Institute for Highway Safety (IIHS) for the 2022 Chrysler Pacifica.
"We are proud to celebrate an amazing sixth consecutive award as Family Vehicle of Texas for the Chrysler Pacifica, as well as honors for the Pacifica Hybrid as the Green Vehicle of Texas," said Chris Feuell, Chrysler brand CEO - Stellantis. "The Texas Automotive Writers Association is one of the most respected automotive press organizations, which makes the group's recognition of the Pacifica at the recent TAWA Auto Roundup especially significant."
"Congratulations to Chrysler brand for earning multiple honors at the 2022 TAWA Auto Roundup," said Teia Collier, president of TAWA. "Competition was fierce in the minivan segment, with Chrysler Pacifica maintaining its win streak as overall Family Vehicle of Texas, as well collecting awards in a variety of categories, including Best Minivan."
In addition to the Family Vehicle of Texas honor, the Chrysler Pacifica Hybrid was recognized as the Green Vehicle of Texas. The Pacifica Hybrid, the first and still the only plug-in hybrid in the segment, offers an all-electric range of more than 30 miles, more than 80 miles per gallon equivalent (MPGe) and a total range of more than 500 miles. The Pacifica Hybrid also qualifies for an eligible $7,500 federal tax credit, as well as any available state and local tax credits.
The 2022 Chrysler Pacifica Hybrid also corralled Best Minivan, Best Interior and Best Feature awards. The Pacifica Hybrid Pinnacle model offers the most luxurious interior in its class and is loaded with premium appointments and features, including Caramel Nappa leather seats with quilted seat side bolsters and perforated seat inserts/seat backs on all three rows, second-row captain's chairs with a unique set of two movable lumbar comfort pillows and a large console area with dual-level storage.
New Pacifica interior features for 2022 include Amazon Fire TV, which allows passengers to stream videos, play games, listen to music, get information and watch downloaded programs on the Uconnect Theater system, as well as a new rear seat reminder feature that recognizes when rear doors are opened and closed prior to ignition start, and alerts the driver with a chime and cluster message after trip completion to check the rear seats.
TAWA
TAWA is one of the most reputable automotive press organizations in the industry, with a mission to promote quality and accuracy in automotive journalism and disseminate information about the industry through news-related print, online and broadcast media. TAWA produces two driving events each year — the Texas Auto Roundup in the spring and the Texas Truck Rodeo in the fall. Media members enjoy driving and evaluating new vehicles competing for the coveted Family Vehicle of Texas and Truck of Texas.
Chrysler Brand
The Chrysler brand has delighted customers with distinctive designs, craftsmanship, intuitive innovation and technology since the company was founded in 1925. The Chrysler Pacifica continues to reinvent the minivan, a segment Chrysler invented, with an unprecedented level of functionality, versatility, technology and bold styling and the most advanced available all-wheel-drive system in its class. The available innovative hybrid powertrain takes this revolutionary vehicle a step further. It's the first electrified vehicle in the minivan segment and achieves more than 80 MPGe in electric-only mode, has an all-electric range of more than 30 miles and a total range of more than 500 miles. Chrysler Voyager offers fleet owners a budget-friendly minivan that also provides a well-equipped, exceptional driving experience. The Chrysler 300 lineup delivers on the brand's promise of iconic and elegant design executed with world-class performance, efficiency and quality – all at an attainable value. Chrysler is part of the portfolio of brands offered by leading global automaker and mobility provider Stellantis. For more information regarding Stellantis (NYSE: STLA), please visit www.stellantis.com.
Follow Chrysler and company news and video on:
Company blog: http://blog.stellantisnorthamerica.com
Media website: http://media.stellantisnorthamerica.com
Chrysler brand: www.chrysler.com
Facebook: www.facebook.com/chrysler
Instagram: https://www.instagram.com/chrysler
Twitter: www.twitter.com/chrysler or @StellantisNA
YouTube: www.youtube.com/chrysler or https://www.youtube.com/StellantisNA
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SOURCE Stellantis | https://www.wibw.com/prnewswire/2022/05/12/2022-chrysler-pacifica-hybrid-takes-family-vehicle-texas-green-vehicle-texas-awards-tawa-auto-roundup/ | 2022-05-12T21:16:09Z |
MCSW donates Designmaster fencing system to increase safety and security of Uvalde CISD schools
WASHINGTON, July 12, 2022 /PRNewswire/ -- Mid-Continent Steel and Wire, Inc. (MCSW), a division of Deacero Group, today announced it will donate Designmaster fencing system brand materials to increase the safety and security of Uvalde schools. The company adds its name to a growing group of organizations and individuals mobilizing to help the community move forward after the tragic shooting at Robb Elementary on May 24.
MCSW is one of the biggest wire manufacturers in North America. The company's main locations are in Houston, TX; Laredo, TX; and Poplar Bluff, MO and with its MAGNUM brand, it is the nation's largest nail manufacturer.
"Our hearts go out to our neighbors in the Uvalde community in the wake of great loss. We are here to help," said Fernando Villanueva, Mid-Continent's CEO. "We will do whatever we can to assist the community in moving forward and making the children in these schools safer."
As a result of the tragedy, Uvalde CISD recently announced that Robb Elementary will be demolished and rebuilt. Additionally, the district says it is working on safety and security changes at its seven other campuses. The Designmaster fencing system brand materials donated by MCSW will directly aid this effort.
"Our schools should be a safe place where all kids can learn and thrive," said George Skarich, VP of Sales for Mid-Continent. "We are proud to be a part of this effort by providing high-quality products to increase safety and security of Uvalde CISD schools."
Designmaster is a best-in-class fence system with a broad range of applications that comply with strict international standards and is the only fencing system that uses 100% non-toxic powder-coated finish, 100% free of volatile organic compounds, 100% free of Triglycidly Isocyanurate, LEED Certified. The products are currently used in schools and universities in Texas and throughout the country.
Some of the other companies recently announcing donations to Uvalde CISD schools include the Butt family and H-E-B, donating $10 million in cash; Las Vegas Raiders donating $1 million in cash; Laredo Lemonade Co donating proceeds from the sale of all flautas; McDonalds donating $250k in cash; the Dallas Cowboys and Houston Texans together donating $800k; and many more.
About Mid-Continent Steel and Wire, Inc. (MCSW)
Mid-Continent Steel and Wire, Inc. is one of the biggest wire manufacturers in North America. It's main locations are in Houston, TX; Laredo, TX; and Poplar Bluff, MO; and with its MAGNUM brand, it is the nation's largest nail manufacturer. The company serves a wide variety of sectors through its Mid-Continent Steel and Wire (MCSW) family of brands.
MCSW is owned by Deacero, a family-owned company that was started nearly 70 years ago in a small warehouse in Monterrey. Deacero is a fully integrated company with an infrastructure for recycling, processing waste, steel mills, finished product plants and distribution centers. Earlier this year, Deacero opened a global trade and corporate affairs office in Washington, DC.
For more information, visit www.mcswusa.com and www.deacero.com.
Contact Elizabeth Heaton, elizabeth@EAHstrategiesLLC.com, 202-445-9858
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SOURCE Mid Continent Steel & Wire, Inc. | https://www.wibw.com/prnewswire/2022/07/12/mid-continent-steel-wire-inc-joins-growing-group-companies-individuals-mobilizing-help-uvalde-community/ | 2022-07-12T22:46:50Z |
CAMBRIDGE, Mass., May 18, 2022 /PRNewswire/ -- Theseus Pharmaceuticals, Inc. (NASDAQ: THRX) (Theseus or the Company), a clinical-stage biopharmaceutical company focused on improving the lives of cancer patients through the discovery, development and commercialization of transformative targeted therapies, today announced the appointment of Don Hayden to its Board of Directors.
"We are thrilled to welcome Don as a tremendous addition to the Theseus Board. Don is a recognized, deeply experienced leader in the industry, and he will bring a unique perspective to Theseus as we advance our Phase 1/2 clinical trial of THE-630 in patients with GIST and expect to file an IND for our second program in EGFR-driven non-small cell lung cancer in 2023," said Tim Clackson, Ph.D., President and Chief Executive Officer of Theseus. "Don is an industry veteran with a record of success as an executive at large pharmaceutical companies, as well as board and board chair experience at multiple biopharmaceutical companies. We are sure to benefit from his knowledge and insights as we accelerate our clinical portfolio."
Mr. Hayden has over 40 years of experience in the life sciences industry, having served in numerous strategic leadership positions during his 25-year career at Bristol Myers-Squibb Company (BMS), including roles as President of Oncology and Immunology and as President of Global Pharmaceuticals. Following BMS, Mr. Hayden has served as Chair at REGENXBIO, Amicus Therapeutics, Insmed, Vitae Pharmaceuticals, and Gloucester Pharmaceuticals, among others, across which he provided strategic guidance through a variety of corporate milestones, including business combinations, financings, IPOs, and bringing approved therapies to market. More recently, Mr. Hayden served as Chair and CEO of oncology cell therapy developer, WindMIL Therapeutics. In addition to his new role at Theseus, Mr. Hayden also currently serves as Chair of Otsuka America Pharmaceuticals Incorporated. He holds an M.B.A from Indiana University and undergraduate degree from Harvard University.
Mr. Hayden added, "Theseus has an exceptional leadership team, with substantial success in targeted oncology, and shows immense potential to combat cancer treatment resistance with its pan-variant approach to targeted therapy. I look forward to supporting the Company's continued growth and clinical development, as it seeks to translate the power of its unique science into significant benefits for cancer patients."
About Theseus Pharmaceuticals, Inc.
Theseus is a clinical-stage biopharmaceutical company focused on improving the lives of cancer patients through the discovery, development and commercialization of transformative targeted therapies. Theseus is working to outsmart cancer resistance by developing pan-variant tyrosine kinase inhibitors (TKIs) to target all known classes of cancer-causing and resistance mutations that lead to variants in a particular protein in a given type of cancer. Theseus' lead product candidate, THE-630, is a pan-variant KIT inhibitor for the treatment of patients with advanced gastrointestinal stromal tumors (GIST), whose cancer has developed resistance to earlier lines of kinase inhibitor therapy. Theseus is also developing a fourth-generation, selective epidermal growth factor receptor (EGFR) inhibitor for C797S-mediated resistance to first- or later-line osimertinib treatment in patients with non-small cell lung cancer (NSCLC). For more information, visit www.theseusrx.com.
Cautionary Statement Regarding Forward Looking Statements
Certain statements included in this press release are not historical facts but are forward-looking statements for purposes of the safe harbor provisions under the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements generally are accompanied by words such as "believe," "may," "will," "estimate," "continue," "anticipate," "intend," "expect," "should," "would," "plan," "on track," "predict," "potential," "seem," "seek," "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 Theseus' strategy, future operations, prospects and plans, the structure and timing of its preclinical studies and clinical trials, expected milestones, market opportunity and sizing and objectives of management, including in relation to the Phase 1/2 dose escalation and expansion clinical trial for THE-630, EGFR inhibitor program and other programs and development candidates.
Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors, such as those described from time to time in the reports Theseus files with the Securities and Exchange Commission (SEC), including Theseus' Form 10-K for the year ended December 31, 2021 filed with the SEC on March 10, 2022 and Theseus' Form 10-Q for the quarter ended March 31, 2022 filed with the SEC on May 12, 2022. However, new risk factors and uncertainties may emerge from time to time, and it is not possible to predict all risk factors and uncertainties. Accordingly, readers are cautioned not to place undue reliance on these forward-looking statements. Any forward-looking statements contained in this press release are based on the current expectations of Theseus' management team and speak only as of the date hereof, and Theseus specifically disclaims any obligation to update any forward-looking statement, whether as a result of new information, future events or otherwise, except as required by law.
Media Contact
Amy Jobe, Ph.D.
LifeSci Communications
315-879-8192
ajobe@lifescicomms.com
Investor Contact
Christen Baglaneas
Theseus Pharmaceuticals
857-706-4993
christen.baglaneas@theseusrx.com
Josh Rappaport
Stern Investor Relations
212-362-1200
josh.rappaport@sternir.com
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SOURCE Theseus Pharmaceuticals | https://www.kxii.com/prnewswire/2022/05/18/theseus-pharmaceuticals-appoints-don-hayden-board-directors/ | 2022-05-18T13:50:21Z |
(WXIN) — A new chicken sandwich launched as part of Starbucks’ summer menu has flown the coop after customers claimed it gave them diarrhea, according to the New York Post.
Starbucks pulled the new Chicken Maple Butter and Egg Sandwich from its menu on June 27, less than a week after it was launched on June 21. Starbucks originally told Nexstar the sandwich would be a permanent menu addition.
The Post reports one TikToker revealed she tested positive for campylobacter after having the sandwich a few days before. Campylobacter infections are the most common bacterial cause of diarrheal illness in the United States, according to the Centers for Disease Control and Prevention. The bacteria is most commonly associated with raw chicken.
One person’s TikTok video said, “Suing for the worst diarrhea of my life. i have been living in my bathroom for 2 days now,” writes the Post.
Other people on social media complained of vomiting and stomach pain or said the sandwich was ice cold in the middle. Someone else said they bit into a bone.
The website iwaspoisoned.com, which tracks foodborne illness, logged five claims that the sandwich made customers feel ill, at least temporarily, according to NBC News.
A Starbucks spokesperson provided the following statement to Nexstar: “We issued a voluntary stop sell and discard on the Chicken, Maple Butter and Egg Sandwich because the product didn’t meet Starbucks quality standards. We are committed to a high level of quality in the products that we serve and always act with an abundance of caution whenever a product or quality issue is raised. This is not an FDA issued recall nor is it related to salmonella or listeria contamination. The quality issue that was identified by Starbucks would not lead to food borne illness and any reports linking the stop sale to illness are inaccurate. “ | https://cw33.com/news/starbucks-pulls-new-chicken-sandwich-after-diarrhea-complaints/ | 2022-07-11T15:55:42Z |
ProFrac's Two-Prong Growth Strategy
– Acquire, Retire, Replace(TM) and scaling Vertical Integration –
Drives Significant Increases in Revenue, Net Income and Adjusted EBITDA
WILLOW PARK, Texas, Aug. 11, 2022 /PRNewswire/ -- ProFrac Holding Corp. (NASDAQ: PFHC) ("ProFrac" or the "Company") today announced strong financial and operational results for its second quarter ended June 30, 2022.
Second Quarter 2022 Results and Recent Highlights
- Total revenue grew approximately 40% sequentially to $589.8 million over 2022 first quarter revenue, on a pro forma basis for the FTSI acquisition,(1) of $421.6 million, and up over 70% over 2022 first quarter reported revenue of $345.0 million
- Net income rose to $70.1 million, which included $38.8 million of stock compensation expense related to a deemed contribution from a related party
- Net income excluding stock compensation expense related to a deemed contribution was $108.9 million, up over 350% compared to 2022 first quarter reported net income of $24.1 million
- Adjusted EBITDA(2) increased over 100% sequentially to $210.6 million compared to 2022 first quarter Adjusted EBITDA, on a pro forma basis for the FTSI acquisition,(3) of $99.4 million
- Annualized Adjusted EBITDA per fleet excluding Flotek was $28.1 million on 31 average active fleets during the quarter
- Announced pending acquisition of U.S. Well Services, Inc. in late June and expect to close the transaction in the fourth quarter of 2022
- Upsized Term Loan by $150 million and closed on the acquisition of the SPS Monahans assets in late July 2022
- Second quarter results include the consolidation of Flotek results after May 17, 2022 which contributed $15.4 million in revenue and ($7.5) million in Adjusted EBITDA
Ladd Wilks, ProFrac Holding Corp.'s Chief Executive Officer, stated, "Our business performed extremely well during the second quarter. We had 31 average active fleets during the quarter and we are currently deploying our first electric fleet into the field. We do not have plans to activate any additional conventional fleets at this time. We continue to focus our supply chain and our team on our existing fleets and our electric deployments. I am proud to partner with our customers and our team to continue pushing for a better, safer service company that provides best-in-class products and services, while focusing on driving superior returns for our shareholders."
Matt Wilks, Executive Chairman, added, "Over the past several quarters, we have been focused on executing our Acquire, Retire, Replace(TM) strategy and scaling our Vertical Integration strategy. As such, we are very pleased to report tremendous growth metrics during our second quarter which highlights the strong value of both strategies. The second quarter demonstrates our two-prong strategy in action because this is our first full quarter that includes the fleets acquired in the FTSI transaction. This is also the time that vertical integration matters the most. We are excited and look forward to continue proving the value creation potential of our two-prong growth strategy to our new investors as a public company as we integrate our most recently announced acquisitions."
Second Quarter 2022 Financial Results
For the second quarter of 2022, consolidated revenues totaled $589.8 million, or approximately $76 million per fleet on an annualized basis. On a pro forma basis for the FTSI acquisition, this compares to $421.6 million in the first quarter, or $54.4 million per fleet on an annualized basis. The increase was driven by higher average pricing, higher activity levels achieved with our fleets, and more materials provided to our customers.
Selling, general, and administrative costs ("SG&A") was $87.5 million and included $38.8 million of stock compensation expense related to a deemed contribution, $4.2 million of costs attributable to Flotek, $4.1 million in acquisition related expenses and included a full quarter of SG&A from FTSI. Higher costs were also driven by incentive compensation costs and acquisition related expenses during the quarter.
The stock-based compensation expense related to a deemed contribution of $38.8 million was related to shares sold by Farris Wilks and Dan Wilks (or entities they control) (collectively the "Wilks") to Ladd Wilks and Matt Wilks, respectively. These transfers were completed in connection with the IPO and the accounting treatment resulted in stock-based compensation funded directly by the Wilks.
Net income for the second quarter totaled $70.1 million. Net income excluding the stock compensation expense related to a deemed contribution from related parties was $108.9 million, compared to $24.1 million for the first quarter.
Adjusted EBITDA totaled $210.6 million in the second quarter, or $27.2 million per fleet on an annualized basis. Excluding the operating results attributable to Flotek, Adjusted EBITDA totaled $218.0 million, or $28.1 million per fleet on an annualized basis.
Operating cash flow was $39.5 million which was impacted by a working capital build due to increased pricing, increased activity levels, and increased materials provided to our customers.
The Company's average active fleet count for the second quarter was 31 fleets.
Outlook
The Company is deploying its first electric fleet during the third quarter and expects to average approximately 31 active fleets for the full quarter. We expect to deploy two more electric fleets in the fourth quarter. There are no current plans to reactivate any conventional or dual fuel fleets for the remainder of 2022.
The Company also expects incremental improvement in third quarter results, as compared to the second quarter attributable to further bundling of materials with our pressure pumping services, continued pricing improvements, and the anticipated deployment of our first electric fleet.
Business Segment Information
The Stimulation Services segment generated revenues in the second quarter of 2022 of $576.6 million, which resulted in $196.1 million of Adjusted EBITDA.
The Manufacturing segment generated revenues of $34.9 million in the second quarter of 2022, which resulted in $9.4 million of Adjusted EBITDA. Approximately 88% of the Manufacturing segment's revenue was intercompany.
The Proppant Production segment generated revenues of $17.5 million in the second quarter of 2022, which resulted in $12.6 million of Adjusted EBITDA. Approximately 66% of the Proppant Production segment's revenue was intercompany.
Our other business activities generated revenues of $15.4 million in the second quarter of 2022, which resulted in $(7.5) million of Adjusted EBITDA.
The Other business activities solely relate to the results of Flotek Industries, Inc. ("Flotek"). In May 2022, the Flotek shareholders approved the issuance of $50 million in initial principal amount of convertible notes that are convertible into Flotek common stock in exchange for amending our supply agreement to increase the term to ten years and the scope to 30 fleets. We were also granted the right to designate four of seven directors to Flotek's board of directors. As a result of our right to appoint directors without a direct equity interest, we determined that Flotek is a variable interest entity ("VIE"). We further determined that the Company is the primary beneficiary of the VIE, primarily due to our ability to appoint four of seven directors to Flotek's board of directors. As a result, and in accordance with GAAP, subsequent to May 17, 2022, we have accounted for this transaction as a business combination using the acquisition method of accounting and Flotek's financial results from May 17, 2022 to June 30, 2022 have been consolidated into our consolidated financial statements.
Capital Expenditures and Capital Allocation
Capital expenditures for full year 2022 are expected to range from $265 million to $290 million, which represents the high end of the range provided previously, due to increased activity levels and costs. The first electric fleet has been deployed for field trials and is expected to be fully deployed prior to the fourth quarter. The West Munger sand plant is expected to be operational by the beginning of the fourth quarter of this year.
Balance Sheet and Liquidity
Total gross debt outstanding as of June 30, 2022 was $495.0 million, $17.5 million of which was attributable to Flotek. Gross debt outstanding excluding amounts attributable to Flotek was $477.5 million, compared to $648.0 million as of March 31, 2022.
Total cash and cash equivalents as of June 30, 2022, was $73.7 million, $33.1 million of which was attributable to Flotek. Cash and cash equivalents excluding amounts attributable to Flotek was $40.6 million, compared to $28.7 million as of March 31, 2022.
As of June 30, 2022, and excluding amounts attributable to Flotek, the Company had $88.0 million of liquidity, including $40.6 million in cash and cash equivalents and net availability of $47.4 million under its asset-based credit facility.
On July 25, 2022, the Company entered into an amendment to its Term Loan Credit Facility to increase the size of the facility by $150 million, with an uncommitted option to obtain commitments for a potential additional $100 million of delayed draw loans before the earlier to occur of (i) the consummation of the pending acquisition of U.S. Well Services, Inc. and (ii) March 31, 2023.
SPS Monahans Acquisition
On July 25, 2022, the Company acquired SP Silica of Monahans, LLC, and SP Silica Sales, LLC (collectively, "SPS Monahans"), the West Texas subsidiaries of Signal Peak Silica, for approximately $90 million in cash plus approximately $10 million in working capital closing adjustments. For additional information related to the acquisition, please reference the Company's press releases available on its website at https://ir.pfholdingscorp.com/news-events/press-releases.
Footnotes
Conference Call
ProFrac has scheduled a conference call on Friday, August 12, 2022 at 11:00 a.m. Eastern time / 10:00 a.m. Central time. Please dial 412-902-0030 and ask for the ProFrac Holding Corp. call at least 10 minutes prior to the start time of the call, or listen to the call live over the Internet by logging on to the website at the address https://ir.pfholdingscorp.com/news-events/ir-calendar. A telephonic replay of the conference call will be available through August 19, 2022 and may be accessed by calling 201-612-7415 using passcode 13731713#. A webcast archive will also be available at the link above shortly after the call and will be accessible for approximately 90 days.
About ProFrac Holding Corp.
ProFrac Holding Corp. is a growth-oriented, vertically integrated and innovation-driven energy services company providing hydraulic fracturing, completion services and other complementary products and services to leading upstream oil and gas companies engaged in the exploration and production ("E&P") of North American unconventional oil and natural gas resources. Founded in 2016, The Company was built to be the go-to service provider for E&P companies' most demanding hydraulic fracturing needs. ProFrac is focused on employing new technologies to significantly reduce "greenhouse gas" emissions and increase efficiency in what has historically been an emissions-intensive component of the unconventional E&P development process. For more information, please visit the Company's website, https://www.pfholdingscorp.com.
Cautionary Statement Regarding Forward-Looking Statements
Certain statements in this press release may be considered "forward-looking statements" within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. In some cases, the reader can identify forward-looking statements by words such as "may," "should," "expect," "intend," "will," "estimate," "anticipate," "believe," "predict," or similar words. Forward-looking statements relate to future events or the Company's future financial or operating performance. These forward-looking statements include, among other things, statements regarding: the Company's strategies and plans for growth; the Company's positioning, resources, capabilities, and expectations for future performance; market and industry expectations; the anticipated timing of the Company's pending acquisition of U.S. Well Services, Inc.; the anticipated benefits of the Company's July 2022 acquisition of SPS Monahans; the Company's estimates with respect to the profitability and utilization of its electric, conventional and dual fleets; the Company's currently expected guidance regarding its third quarter 2022 results of operations; the Company's currently expected guidance regarding its full year 2022 capital expenditures and capital allocation; statements regarding the availability of funds under the Company's credit facilities; the Company's anticipated timing for operationalizing its new electric fleets and its West Munger sand plant; the amount of capital available to the Company in future periods under its Term Loan Credit Facility; any financial or other information based upon or otherwise incorporating judgments or estimates relating to future performance, events or expectations; any estimates and forecasts of financial and other performance metrics; and the Company's outlook and financial and other guidance. Such forward-looking statements are based upon assumptions made by the Company as of the date hereof and are subject to risks, uncertainties, and other factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements. Factors that may cause actual results to differ materially from current expectations include, but are not limited to: the risk that the Company's pending acquisition of U.S. Well Services, Inc. may not be completed in a timely manner or at all; the ability to achieve anticipated benefits of the pending acquisition of U.S. Well Services, Inc. and the July 2022 acquisition of SPS Monahans, including risks relating to integrating acquired companies and personnel; the failure to operationalize the Company's new electric fleets and West Munger sand plant in a timely manner or at all; the Company's ability to deploy capital, including capital raised in the May 2022 IPO and capital currently and potentially available to the Company and Flotek in future periods, in a manner that furthers the Company's growth strategy, as well as the Company's general ability to execute its business plans; industry conditions, including fluctuations in supply, demand and prices for the Company's products and services; global and regional economic and financial conditions; the effectiveness of the Company's risk management strategies; the transition to becoming a public company; and other risks and uncertainties set forth in the sections entitled "Risk Factors" and "Cautionary Note Regarding Forward-Looking Statements" in the Company's filings with the Securities and Exchange Commission ("SEC"), which are available on the SEC's website at www.sec.gov.
Forward-looking statements are also subject to the risks and other issues described below under "Non-GAAP Financial Measures," which could cause actual results to differ materially from current expectations included in the Company's forward-looking statements included in this press release. Nothing in this press release should be regarded as a representation by any person that the forward-looking statements set forth herein will be achieved or that any of the contemplated results of such forward looking statements will be achieved, including without limitation any expectations about the Company's operational and financial performance or achievements through and including 2022. There may be additional risks about which the Company is presently unaware or that the Company currently believes are immaterial that could also cause actual results to differ from those contained in the forward-looking statements. The reader should not place undue reliance on forward-looking statements, which speak only as of the date they are made. The Company anticipates that subsequent events and developments will cause its assessments to change. However, while the Company may elect to update these forward-looking statements at some point in the future, it expressly disclaims any duty to update these forward-looking statements, except as otherwise required by law.
Non-GAAP Financial Measures
Adjusted EBITDA and Adjusted EBITDA per fleet are non-GAAP financial measures and should not be considered as substitutes for net income (loss) or any other performance measure derived in accordance with GAAP or as an alternative to net cash provided by operating activities as a measure of our profitability or liquidity. Adjusted EBITDA and Adjusted EBITDA per fleet are supplemental measures utilized by our management and other users of our financial statements such as investors, commercial banks, research analysts and others, to assess our financial performance because they allow us to compare our operating performance on a consistent basis across periods by removing the effects of our capital structure (such as varying levels of interest expense), asset base (such as depreciation and amortization) and items outside the control of our management team (such as income tax rates).
We view Adjusted EBITDA and Adjusted EBITDA per fleet as important indicators of performance. We define Adjusted EBITDA as our net income (loss), before (i) interest expense, net, (ii) income tax provision, (iii) depreciation, depletion and amortization, (iv) loss on disposal of assets and (v) other unusual or non-recurring charges, such as costs and stock compensation expense related to our initial public offering, non-recurring supply commitment charges, certain bad debt expense and gain on extinguishment of debt. We define Adjusted EBITDA per fleet for a particular period as Adjusted EBITDA calculated as a daily average of active fleets during period.
We believe that our presentation of Adjusted EBITDA and Adjusted EBITDA per fleet will provide useful information to investors in assessing our financial condition and results of operations. In particular, we believe Adjusted EBITDA per fleet allows investors to compare the performance of our fleets across comparable periods and against the fleets of our competitors who may have different capital structures, which may make a fleet-for-fleet comparison more difficult. Net income (loss) is the GAAP measure most directly comparable to Adjusted EBITDA, and net income (loss) per fleet is the GAAP measure most directly comparable to Adjusted EBITDA per fleet. Adjusted EBITDA should not be considered as an alternative to net income (loss), and Adjusted EBITDA per fleet should not be considered as an alternative to net income (loss) per fleet. Adjusted EBITDA and Adjusted EBITDA per fleet have important limitations as analytical tools because they exclude some but not all items that affect the most directly comparable GAAP financial measure. Because Adjusted EBITDA and Adjusted EBITDA per fleet may be defined differently by other companies in our industry, our definition of these non-GAAP financial measures may not be comparable to similarly titled measures of other companies, thereby diminishing their utility.
The presentation of non-GAAP financial measures is not intended to be a substitute for, and should not be considered in isolation from, the financial measures reported in accordance with GAAP. The following tables present a reconciliation of the non-GAAP financial measures of Adjusted EBITDA and Adjusted EBITDA per fleet to the most directly comparable GAAP financial measure for the periods indicated.
-Tables to Follow-
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SOURCE ProFrac Holding Corp. | https://www.wibw.com/prnewswire/2022/08/12/profrac-holding-corp-reports-strong-2022-second-quarter-financial-operational-results/ | 2022-08-12T02:04:19Z |
Sale makes this September the best time to create a backyard oasis
FORT WAYNE, Ind., Sept. 6, 2022 /PRNewswire/ -- Master Spas Global Hot Tub and Swim Spa Sale is nearly here! During this first-ever event, customers can SAVE BIG on a Master Spas hot tub or swim spa.
With additional savings up to $2,000, there's never been a better time to invest in your backyard. The event will be September 8 to September 18, with Master Spas global network of dealers participating.
Customers can get more information and download a coupon for additional savings up to $2,000 by visiting MasterSpas.com/globalsale.
Master Spas' entire range of hot tubs and swim spas will be on sale during the event. Customers can enjoy special pricing on the best-selling Twilight Series TS 7.2 hot tub and the H2X Trainer 15D swim spa. Or, they can choose from the luxurious Michael Phelps line, including the LSX 900 hot tub and MP Momentum Deep swim spa.
Customers won't want to miss the chance to take advantage of this special pricing. In addition, inventory will be available for immediate delivery.
As part of the event, Master Spas is giving back. Master Spas will be contributing a minimum of $50,000 to the Tunnel to Towers Foundation. The foundation helps America's heroes by providing mortgage-free homes to Gold Star and fallen first responder families with young children; by building custom-designed smart homes for catastrophically injured veterans and first responders; and working tirelessly to eradicate veteran homelessness.
For more information, visit MasterSpas.com/globalsale or your local Master Spas retailer.
Master Spas is based in Fort Wayne, Indiana. Operating out of a state-of-the-art, 45-acre campus, we are the largest swim spa manufacturer in the world, and largest portable spa and hot tub manufacturer that makes 100% of our product in the USA. Our management team has over 200 years of spa manufacturing success, and one of the strongest track records in the industry.
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SOURCE Master Spas | https://www.wibw.com/prnewswire/2022/09/06/master-spas-hosts-first-ever-global-hot-tub-swim-spa-sale/ | 2022-09-06T13:03:02Z |
AUSTIN, Texas (AP) — Democrat Beto O’Rourke on Friday reported raising nearly $32 million in his bid for Texas governor during the first half of 2022, more than Republican Gov. Greg Abbott and a haul that puts their race on track to smash spending records in November’s midterm elections.
The new figures, released as campaign finance reports were due in Texas, put Abbott in the rare position of finding himself outraised. For nearly a decade, the two-term incumbent has pulled in more money than any governor in U.S. history, a stockpile that has overwhelmed rivals and kept challengers at bay.
Abbott has raised more than $30 million since the beginning of the year — a significant total even by his big-money track record, and only slightly less than O’Rourke. Abbott also still holds an advantage with money to spend, reporting more than $46 million in cash on hand as of June 30.
But the narrowing gap underlines O’Rourke’s durability as a fundraising powerhouse and how money is pouring into high-profile governor’s races even as inflation and President Joe Biden’s sagging approval creates strong headwinds for Democrats with voters.
In Georgia, another red state that Democrats are aggressively trying to flip, Democrat Stacey Abrams last week reported raising $22 million over the previous two months, far outpacing incumbent Republican Gov. Brian Kemp.
“We are building a grassroots campaign to reach voters across Texas and WIN on the night of November 8,” O’Rourke tweeted.
O’Rourke said he raised more than $27 million during the most recent fundraising period between February and June. During that span, there was a mass shooting at an elementary school in Uvalde and Texas outlawed virtually all abortions after the U.S. Supreme Court overturned Roe v. Wade.
O’Rourke sharpened his attacks on Abbott after both events, calling for new firearm restrictions that the two-term governor does not support and reinstating abortion access. Abbott, meanwhile, has kept a heavy focus on expanding his massive security operation on the U.S.-Mexico border as the number of migrants entering the county remains high.
During the same four-month period, Abbott’s campaign said it raised nearly $25 million.
O’Rourke remains an underdog in Texas, where no Democrat has won a statewide race in nearly 30 years. Former President Donald Trump carried Texas by 5.5 points in 2020, and some recent public polling has given Abbott a roughly similar lead.
Texas has no limits on campaign contributions.
O’Rourke said he received more than 511,000 contributions during the latest fundraising period. That’s more than four times as many as Abbott, who reported 113,000 contributions and whose campaigns have long been supercharged by six- and seven-figure donations from wealthy Texas executives.
The numbers reported by both campaigns, which were made ahead of campaign finance filings becoming publicly available, did not break down the largest donors.
“As we move into the heat of the summer campaign, we’re well positioned to fund all our campaign efforts,” Gardner Pate, chairman of Abbott’s campaign, said in a statement. | https://cw33.com/news/politics/ap-politics/democrat-beto-orourke-adds-27m-to-race-for-texas-governor/ | 2022-07-16T09:04:39Z |
SEATTLE , July 25, 2022 /PRNewswire/ --
IN THE COURT OF CHANCERY OF THE STATE OF DELAWARE
SUMMARY NOTICE OF PENDENCY AND PROPOSED
SETTLEMENT OF STOCKHOLDER CLASS ACTION,
SETTLEMENT HEARING, AND RIGHT TO APPEAR
This notice is for all former record holders and beneficial owners of Class A common stock of Pivotal Software, Inc. ("Pivotal") who received $15 per share in cash in exchange for their shares of Pivotal Class A common stock in connection with the acquisition of Pivotal by VMware, Inc. (the "Class Shares"), in their capacities as record holders or beneficial owners of Class Shares, together with their heirs, assigns, transferees, and successors-in-interest, in each case in their capacity as holders of Class Shares (the "Class").
Certain persons and entities are excluded from the Class by definition, as set forth in the full Notice of Pendency and Proposed Settlement of Stockholder Class Action, Settlement Hearing, and Right to Appear (the "Notice"), available at www.PivotalSoftwareStockholdersLitigation.com. Any capitalized terms used in this Summary Notice that are not otherwise defined in this Summary Notice shall have the meanings given to them in the Stipulation and Agreement of Settlement, Compromise, and Release dated June 2, 2022 (the "Stipulation"), which is also available at www.PivotalSoftwareStockholdersLitigation.com.
Please read this SUMMARY notice carefully. your rights will be affected by a class action lawsuit pending in this court.
YOU ARE HEREBY NOTIFIED, pursuant to an Order of the Court of Chancery of the State of Delaware (the "Court"), that the above-captioned stockholder class action (the "Action") has been certified as a class action on behalf of the Class defined above.
YOU ARE ALSO NOTIFIED that (i) plaintiff Kenia Lopez ("Plaintiff"), on behalf of herself and the other members of the Court-certified Class, with the exception of HBK Master Fund L.P. and HBK Merger Strategies Master Fund L.P.; (ii) defendants VMware, Inc., Dell Technologies Inc., Michael S. Dell, and Robert C. Mee (together, "Defendants"); and (iii) Cynthia Gaylor (the "Former Defendant") have reached a proposed settlement of the Action for $42,500,000 in cash (the "Settlement"). The terms of the Settlement are stated in the Stipulation entered into between Plaintiff, Defendants, and the Former Defendant. If approved by the Court, the Settlement will resolve all claims in the Action.
A hearing (the "Settlement Hearing") will be held on October 4, 2022 at 1:30 p.m., before The Honorable Kathaleen S. McCormick, Chancellor, either in person at the Court of Chancery of the State of Delaware, New Castle County, Leonard L. Williams Justice Center, 500 North King Street, Wilmington, Delaware 19801, or by telephone or video conference (in the discretion of the Court), to, among other things: (i) determine whether the proposed Settlement on the terms and conditions provided for in the Stipulation is fair, reasonable, and adequate to the Class, and should be approved by the Court; (ii) determine whether the Judgment, substantially in the form attached as Exhibit D to the Stipulation, should be entered dismissing the Action with prejudice as against Defendants; (iii) determine whether the proposed Plan of Allocation of the Net Settlement Fund is fair and reasonable, and should therefore be approved; (iv) determine whether the application by Co-Lead Counsel for an award of attorneys' fees and expenses, including Plaintiff's application for an incentive award, should be approved; (v) hear and rule on any objections to the Settlement, the proposed Plan of Allocation, the application by Co-Lead Counsel for an award of attorneys' fees and expenses, and/or Plaintiff's application for an incentive award; and (vi) consider any other matters that may properly be brought before the Court in connection with the Settlement.
Any updates regarding the Settlement Hearing, including any changes to the date or time of the hearing or updates regarding in-person or remote appearances at the hearing, will be posted to the Settlement website, www.PivotalSoftwareStockholdersLitigation.com.
If you are a member of the Class, your rights will be affected by the pending Action and the Settlement, and you may be entitled to share in the Net Settlement Fund. If you have not yet received the Notice, you may obtain a copy of the Notice by contacting the Settlement Administrator at Pivotal Software Stockholders Litigation, c/o JND Legal Administration, P.O. Box 91321, Seattle, WA 98111, 888-681-2126, or info@PivotalSoftwareStockholdersLitigation.com. A copy of the Notice can also be downloaded from the Settlement website, www.PivotalSoftwareStockholdersLitigation.com.
If the Settlement is approved by the Court and the Effective Date occurs, the Net Settlement Fund will be distributed on a pro rata basis to Eligible Class Members in accordance with the proposed Plan of Allocation stated in the Notice or such other plan of allocation as is approved by the Court. Pursuant to the proposed Plan of Allocation, each Eligible Class Member will be eligible to receive a pro rata payment from the Net Settlement Fund equal to the product of (i) the number of shares of Pivotal Class A common stock held by the Eligible Class Member at the time such shares were exchanged for the Acquisition Consideration and (ii) the "Per-Share Recovery" for the Settlement, which will be determined by dividing the total amount of the Net Settlement Fund by the total number of shares Pivotal Class A common stock held by all of the Eligible Class Members at the time such shares were exchanged for the Acquisition Consideration. As explained in further detail in the Notice at paragraphs 38-47, pursuant to the Plan of Allocation, payments from the Net Settlement Fund to Eligible Class Members will be made in the same manner in which Eligible Class Members received the Acquisition Consideration. Eligible Class Members do not have to submit a claim form to receive a payment from the Settlement.
Any objections to the proposed Settlement, the proposed Plan of Allocation, or Co-Lead Counsel's application for an award attorneys' fees and expenses, including Plaintiff's application for an incentive award, must be filed with the Register in Chancery in the Court of Chancery of the State of Delaware and delivered to Co-Lead Counsel and Defendants' Counsel such that they are received no later than September 20, 2022, in accordance with the instructions set forth in the Notice.
Please do not contact the Court or the Office of the Register in Chancery regarding this Summary Notice. All questions about this Summary Notice, the proposed Settlement, or your eligibility to participate in the Settlement should be directed to the Settlement Administrator or Co-Lead Counsel.
Requests for the Notice should be made to the Settlement Administrator:
Pivotal Software Stockholders Litigation
c/o JND Legal Administration
P.O. Box 91321
Seattle, WA 98111
888-681-2126
info@PivotalSoftwareStockholdersLitigation.com
www.PivotalSoftwareStockholdersLitigation.com
Inquiries, other than requests for the Notice, should be made to Co-Lead Counsel:
Edward Timlin
Bernstein Litowitz Berger & Grossmann LLP
1251 Avenue of the Americas, 44th Floor
New York, NY 10020
800-380-8496
settlements@blbglaw.com
Joel Fleming
Block & Leviton LLP
260 Franklin Street, Suite 1860
Boston, MA 02110
617-398‑5600
joel@blockleviton.com
BY ORDER OF THE COURT OF
CHANCERY OF THE STATE OF
DELAWARE
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SOURCE JND Legal Administration | https://www.kxii.com/prnewswire/2022/07/25/notice-pendency-proposed-settlement-class-action-involving-former-record-holders-beneficial-owners-pivotal-software-inc-common-stock/ | 2022-07-25T14:36:16Z |
PITTSBURGH, Aug. 1, 2022 /PRNewswire/ -- "This product is an energy-efficient air conditioning system for homes" said the inventor from Chesterfield, VA "I created the SELF POWERED AIR CONDITIONING UNIT because I really wanted to go green and save money."
This advanced product would take an innovative approach to operation that helps reduce energy consumption and saves homeowners money. This invention would help to reduce the amount of power drawn for operation, making it a green and cost-effective purchase. Would help to reduce the amount of power draw required for operation, making it a green and cost-effective purchase. The air conditioner would also be user-friendly, reliable, innovative, and environmentally-friendly.
The original design was submitted to the Richmond VA sales office of InventHelp. It is currently available for licensing or sale to manufacturers or marketers. For more information, write Dept. 20-RKH-245, 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.mysuncoast.com/prnewswire/2022/08/01/inventhelp-inventor-develops-self-powered-air-conditioning-unit-rkh-245/ | 2022-08-01T15:32:37Z |
3.5 Million More Recruits Are Needed to Fill Cyber Vacancies
BOSTON, Sept. 7, 2022 /PRNewswire/ -- Women still only make up a quarter of the workforce in cybersecurity, a striking gap compared to 39% participation in the general workforce. At the same time, the global cybersecurity workforce would need to grow by 80% to meet current demand, according to a joint study by Boston Consulting Group (BCG) and The Global Cybersecurity Forum (GCF). The report, titled "Empowering Women to Work in Cybersecurity Is a Win-Win," is being released today. It is based on a global survey of 2,000 female science, technology, engineering, and mathematics (STEM) undergraduate students in 26 countries across six regions, as well as interviews with 20 international experts in the field.
The report highlights key actions that need to be taken to meet this growing gender divide in cybersecurity. Engaging women with STEM subjects at an early stage is key to their participation in cybersecurity: 78% of the survey respondents developed an interest in STEM in middle school or high school. However, access to STEM education, although an issue, is not the main stumbling block: 58% of respondents had access to cybersecurity education, and 68% had already taken a cybersecurity-related course. Around 82% of survey respondents said they had some or a lot of knowledge about cybersecurity. Challenges include social or cultural norms constraining what women study, home and care responsibilities that affect their ability to enter or succeed in a cybersecurity career, and negative perceptions of cybersecurity as a career choice. About 37% of respondents think cybersecurity does not offer work-life balance, which is one of the top three factors for women choosing a job, along with good compensation and meaningful work.
"The results of this report have shown that women are ready and prepared to fill the talent gap in the cybersecurity workforce," said Alaa M. Alfaadhel, Initiatives & Partnerships Lead at GCF. "With the right encouragement from a young age, women can not only begin to enter the industry, but can also become leaders in their field. By bringing together the leading voices and minds of the cyberworld at the GCF, we are confident that we can bridge this gap and action impactful change for women in cybersecurity."
"Closing the gender gap in cybersecurity would fulfill an urgent demand in the field that is only going to get bigger," said Leila Hoteit, a BCG managing director and senior partner; global lead of the firm's education, employment, and welfare sector; and coauthor of the study. "It would also strengthen cyber resilience by bringing in diverse perspectives and would improve business performance. But at the current pace, it will take 130 years to achieve gender parity in the industry. The escalation in cybersecurity threats and their economic impact make it imperative that urgent action is taken to address this mismatch."
The magnitude of the challenge differs from region to region: 94% of respondents in the Middle East and North Africa, 89% in Europe, 84% in Africa, and 82% in Asia-Pacific were interested in pursuing a cybersecurity degree, compared to 77% in Latin America and only 61% in North America. Similarly, 45% of North American respondents were likely to participate in targeted STEM programming in their school education, compared to 72% in Europe and 79% in the Middle East and North Africa.
The report recommends a holistic approach, addressing the pipeline, recruitment, retention, and advancement for women in the field. Key initiatives would include targeted STEM engagement of school-age girls; openness to training or reskilling candidates with aptitude; gender- and family-friendly policies; ensuring a good work-life balance; and providing access to mentors, sponsors, and women's networks dedicated to advancing women into senior leadership roles.
Download a copy of the report here:
https://www.bcg.com/publications/2022/empowering-women-to-work-in-cybersecurity-is-a-win-win
To arrange an interview with one of the authors, please contact Eric Gregoire at +1 617 850 3783 or gregoire.eric@bcg.com.
About Boston Consulting Group
Boston Consulting Group partners with leaders in business and society to tackle their most important challenges and capture their greatest opportunities. BCG was the pioneer in business strategy when it was founded in 1963. Today, we work closely with clients to embrace a transformational approach aimed at benefiting all stakeholders—empowering organizations to grow, build sustainable competitive advantage, and drive positive societal impact.
Our diverse, global teams bring deep industry and functional expertise and a range of perspectives that question the status quo and spark change. BCG delivers solutions through leading-edge management consulting, technology and design, and corporate and digital ventures. We work in a uniquely collaborative model across the firm and throughout all levels of the client organization, fueled by the goal of helping our clients thrive and enabling them to make the world a better place.
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SOURCE Boston Consulting Group (BCG) | https://www.mysuncoast.com/prnewswire/2022/09/07/close-cybersecurity-gender-gap-improve-cyber-resilience/ | 2022-09-07T05:41:28Z |
- First patient surgery completed; additional surgeries already scheduled
- 8 clinical centres now fully initiated and recruiting / screening for patients
MONTREAL, July 27, 2022 /PRNewswire/ - Ortho Regenerative Technologies Inc. (CSE: ORTH) (OTCQB: ORTIF) ("Ortho" or the "Company"), a clinical-stage orthobiologics company focused on the development of novel soft tissue repair regenerative technologies, today announced the initiation of patients' enrollment following completion of the first patient surgery in its U.S. Phase I/II rotator cuff tear repair clinical trial.
The first patient surgery was successfully completed at the Tucson Orthopaedic Institute in Tucson, Arizona.
"The enrollment of our first patient in the U.S. Phase I/II rotator cuff tear repair clinical trial is our most significant clinical milestone to date. With 8 centers now actively screening for patients and enrollment of additional patients already scheduled over the coming weeks, completion of the Phase I safety portion of the clinical program is now expected by the end of September should our enrolment estimates be confirmed", said, Philippe Deschamps, CEO.
The ORTHO-R Phase I/II clinical study is a prospective, randomized, controlled, and blinded clinical trial, to evaluate the safety and efficacy of ORTHO-R as an adjunct to standard of care surgery vs. standard of care surgery alone for rotator cuff tear repair. The clinical trial will enroll a total of 78 patients at ten clinical sites throughout the U.S.
Ortho is a clinical stage orthobiologics company dedicated to the development of novel therapeutic soft tissue repair technologies to dramatically improve the success rate of orthopedic and sports medicine surgeries. Our proprietary RESTORE technology platform is a proprietary muco-adhesive Chitosan-based biopolymer matrix, specifically designed to deliver biologics such as Platelet-Rich Plasma (PRP) or Bone Marrow Aspirate Concentrate (BMAC), to augment and guide the regeneration of new tissue in various musculoskeletal conditions. ORTHO-R, our lead Chitosan-PRP hybrid drug/biologic implant combination product, is formulated and designed to increase the healing rates of occupational and sports related injuries to tendons, meniscus and ligaments. Other formulations are being developed for cartilage repair, bone void filling and osteoarthritis treatment. The proprietary Chitosan-PRP combination ORTHO-R implant can be directly applied into the site of injury by a surgeon during a routine operative procedure without significantly extending the time of the surgery and without further intervention. Considering the significant potential of our technology platform, Ortho continues to assess new therapeutic target uses outside of the soft tissue repair field. Further information about Ortho is available on the Company's website at www.orthorti.com and on SEDAR at www.sedar.com. Also follow us on LinkedIn and Twitter.
Forward-Looking Statements
This news release may contain certain forward-looking statements regarding the Company's expectations for future events. Such expectations are based on certain assumptions that are founded on currently available information. If these assumptions prove incorrect, actual results may differ materially from those contemplated by the forward-looking statements contained in this press release. Factors that could cause actual results to differ include, amongst others, uncertainty as to the final result and other risks. The Company disclaims any intention or obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, other than as required by security laws.
NEITHER THE CANADIAN SECURITIES EXCHANGE NOR ITS REGULATIONS SERVICES PROVIDER HAVE REVIEWED OR ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
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SOURCE Ortho Regenerative Technologies Inc. | https://www.kxii.com/prnewswire/2022/07/27/ortho-regenerative-technologies-announces-enrollment-first-patient-its-us-phase-iii-rotator-cuff-tear-repair-clinical-trial/ | 2022-07-27T12:41:50Z |
Zalatoris comes close to major moment in PGA playoff loss
By DAVE SKRETTA
AP Sports Writer
TULSA, Okla. (AP) — Will Zalatoris saw nearly every inch of Southern Hills on Sunday as one of the best ball-strikers in golf struggled to harness a series of wayward shots that threatened to take him out of the running at the PGA Championship.
The rail-thin kid from Wake Forest managed to do it in time to force a playoff with Justin Thomas.
Then he missed — ever so slightly — two more shots when they mattered most.
Zalatoris and Thomas had matched birdies on the opener of their three-hole aggregate when he overcooked a fade off the tee on the 308-yard 17th and ended up right of the green. Zalatoris pitched to within 10 feet for birdie and slid the putt by to fall behind Thomas, who drove the green and two-putted.
Then, needing birdie on the brutal 490-yard 18th, Zalatoris came up short with his approach. And with Thomas in position to do no worse than par, he missed the long putt that would have pushed the playoff to sudden death.
“I’m obviously pretty close,” said Zalatoris, who has yet to win on the PGA Tour but suddenly has a penchant for playing tough in majors, where he has five top-10s and a runner-up finish at the Masters in his last seven tries.
“I didn’t have my best stuff yesterday, which ultimately was kind of the difference” he said. “I battled like crazy today, especially on 6 — I caught a random gust of wind and had to save bogey off the cart path. I’m close. I’ll get there soon.”
He was magnanimous in defeat, taking off his hat and clapping as Thomas raised his arms in victory.
“This is what you live for,” Zalatoris said later, after signing his scorecard to make another runner-up finish official.
The fact that he was standing on the 18th green in a playoff was a testament to perseverance.
Zalatoris had done just about everything right during opening rounds of 66 and 65, then seemed to do nothing well during a third-round 73 that left him three strokes back of Chile’s Mito Pereira heading into the final round.
He opened with a couple of birdies at the fourth and fifth holes to apply some pressure, then came to the par-3 sixth, where that gust of Oklahoma wind sent his approach sailing into a shrub. He took a penalty drop for an unplayable lie, wound up on the paved cart path, pitched to about 8 feet and rolled in the bogey putt to stay in the game.
“That was just bizarre,” he said. “It was just a bizarre gust of wind.”
That was just the start of Zalatoris’ rollicking ride around Southern Hills:
— He overshot the green at the eighth and was fortunate his ball hung up in the hazard rather than finishing in the creek; he got up and down from there.
— He hooked his drive on the 12th so hard it sailed over the gallery and nestled into the heavy grass near another creek; he hit sideways from there into the fairway and wound up with a bogey.
— And just when he finally got his iron play under control, Zalatoris three-putted the 16th for another bogey.
Thomas was the only one making a move up the leaderboard, though, and that gave Zalatoris hope. He drove into the greenside bunker at the 17th, splashed out and made an 8-footer for birdie to reach 5 under for the championship. And with a nervy par putt at the last, he joined Thomas in the clubhouse a shot back of Pereira in the final group.
And when Pereira hit into the water on 18 and made double bogey, Zalatoris found himself in a playoff at a major.
“We’ve only got four a year and I think it’s been a dream of mine to win a major since I was a little kid,” said Zalatoris, who grew up playing at California Golf Club, where there are shrines to major champions Ben Hogan and Ken Venturi.
“Being able to see that at a young age,” Zalatoris said, “and say, ‘Hey, I want to get one of those,’ and seeing Jordan (Spieth) do it when I was in college and obviously Scottie (Scheffler) now, you know — I think playing in these events, you need a lot of results, and at times you may be out of it, but I know for sure I’ll get one.”
___
More AP golf: https://apnews.com/hub/golf and https://twitter.com/AP_Sports | https://localnews8.com/news/2022/05/22/zalatoris-comes-close-to-major-moment-in-pga-playoff-loss/ | 2022-05-23T03:24:14Z |
Appeals court reverses nearly $3 million award, renders a take-nothing judgment
HOUSTON, June 30, 2022 /PRNewswire/ -- The Texas 14th Court of Appeals has reversed a $2.7 million judgment against the Houston-based cosmetics company GHP Nail Systems, granting a take-nothing judgment against the Netherlands-based cosmetics distributor Benelux.
Benelux and GHP entered into an Exclusive Distribution Agreement in 2013, with Benelux agreeing to distribute, market, sell, and advertise GHP's Haute Polish gel nail polish products in the Netherlands, Belgium, and Luxembourg. Benelux later claimed the nail polish bottles were defective, and after failing to reach a resolution in the dispute, Benelux terminated the agreement in 2015.
GHP filed suit claiming breach of contract and misappropriation after Benelux began selling its own brand of gel nail polish products.
Benelux countersued for breach of contract and violation of the Texas Deceptive Trade Practices Act, among other claims, and was granted the $2.7 million award in 2019. However, the Court of Appeals has now ruled that the trial evidence was "legally insufficient to support a finding that Benelux suffered any damages," reversing the judgment in its entirety.
Robin Harrison and Amanda Goldstein, of Houston law firm Hicks Thomas LLP, represented GHP in the trial and appeal of the case.
"There were a number of claims where we thought Benelux's proof had fallen short during the trial, and the Court of Appeals agreed," said Harrison. "We're pleased with the outcome for our client."
Founded in 1997, Texas-based Hicks Thomas LLP is a premier litigation firm representing plaintiffs and defendants across the nation. With offices in Houston, Austin, Beaumont, Amarillo, and Sacramento, California, the firm provides in-depth experience in cases involving oil and gas, environmental, complex commercial, toxic tort, construction, products liability, corporate governance, securities, banking, insurance coverage, transportation, trade secrets and business litigation. Visit the firm at http://www.hicks-thomas.com.
Media Contact:
April Arias
800-559-4534
april@androvett.com
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SOURCE Hicks Thomas LLP | https://www.mysuncoast.com/prnewswire/2022/06/30/hicks-thomas-attorneys-secure-big-win-appeal-ghp-nail-systems/ | 2022-06-30T20:34:42Z |
The Celebrity Favorite Will Bring Its Sought-After Brand of Beijing-Style Cuisine to Washington, D.C. and the Middle East
NEW YORK, Sept. 7, 2022 /PRNewswire/ -- Abraham Merchant and Richard Cohn, co-founders of Merchants Hospitality, a leading hospitality company with expertise in investment, development, ownership, and management, announces today the U.S. and global expansion of their renowned restaurant brand Philippe Chow.
To kick off the ambitious plans, Philippe Chow is set to debut its first location outside of New York (and third outpost of the brand) in Washington, D.C. in Late 2022/Early 2023. Shortly thereafter, the brand will make its foray into the Middle East—with its first global location slated to open in December 2022 in Riyadh, Kingdom of Saudi Arabia (KSA). Four additional locations are confirmed to open throughout KSA in 2023 and 2024—in AlUla, Jeddah, The Red Sea, and Al Kobar.
"We are thrilled to announce the expansion of Philippe Chow both here in the United States and overseas," says Abraham Merchant, president and CEO of Philippe Chow. "Our hope is to give newcomers and fans across the globe a taste of Chef Chow's renowned style of elevated Chinese cuisine, alongside the unparalleled service and ambiance that we pride ourselves in."
In addition to the six confirmed future locations, Philippe Chow is in active discussions on expansion opportunities throughout the U.S.—targeting markets from across the country including Miami, Atlanta, Nashville, Austin, Dallas, and Chicago. A third NYC location in Rockefeller Center is under negotiation. On a global scale, the brand has its eyes set on taste-making cities such as London, Tel Aviv, Dubai, Abu Dhabi, Bahrain, and Mumbai.
An iconic restaurant for almost two decades, Philippe Chow's first, and now flagship, location opened in Uptown Manhattan in 2005. Since then, the restaurant remained an undisputed favorite among New York City's power crowd—including athletes, musicians and film stars—who crave Chef Chow's interpretation on traditional Chinese cuisine.
Known for his modern, flavorful, and theatrical style, Chef Philippe Chow—the brand's visionary and namesake—is world-renowned for his lavish, Beijing-style dishes and pioneered the way for fine-dining Chinese cuisine in the U.S.
Philippe Chow has consistently received top culinary accolades through the years, including "Best Peking Duck" from the NY Observer and "Best in Chinese" by Zagat.
"We're always looking for dynamic locations with discerning diners, and look forward to the continued expansion of the Philippe Chow brand," says Merchant.
Aba Kwawu, aba@taapr.com
Grace Cutts, grace@taapr.com
Stefanie Gans, stefanie@taapr.com
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SOURCE Philippe Chow | https://www.mysuncoast.com/prnewswire/2022/09/07/iconic-new-york-restaurant-philippe-chow-announces-us-global-expansion/ | 2022-09-07T14:58:30Z |
SHENZHEN, China, July 20, 2022 /PRNewswire/ -- ImmVira's global first intravenous ("IV") administered oncolytic herpes simplex virus ("oHSV") product MVR-T3011 IV has completed the first three cohort escalation in the U.S. Phase I clinical trial, tested dosage from 1x106 to 1x108 PFU on 10 subjects with late-stage pancreatic, colon, lung, endometrial, breast, head and neck, gastrointestinal cancers and other advanced tumors. Preliminary biodistribution and clinical results of MVR-T3011 IV demonstrated promising biological activities of MVR-T3011 IV.
I. 80% of subjects' blood samples have pre-existing Anti-Drug antibody ("ADA") with herpes simplex virus-1 ("HSV-1") IgG antibody positive at baseline. Post first and repeating dose of MVR-T3011, viral DNA can be detected in blood in a dose-dependent manner with additivity from repeating dose.
II. The numbers and percentages of various types of immune cells in peripheral blood of subjects were altered post MVR-T3011 dosing, and levels of cytokines IFNγ, IL-6, IL-8, and TNFα in blood samples were altered differentially. Some patients were observed with a significant increase in IFNγ on Day 3 post-dosing representing on-target biological activities.
III. In particular, one subject in the low-dose cohort (1x106 PFU) who had continuous 17-week Stable Disease ("SD") was observed with a significant increase in IFNγ+ CD8 cells in peripheral blood, nearly doubled after administration. In addition, RNA sequence analysis in tumor biopsy on Day 50 post first dose showed that genes related to neutrophil activation, T-cell activation, adaptive immune response, leukocyte differentiation, and cytokine secretion were notably up-regulated compared to baseline.
Intravenous injection as a delivery method remains a huge scientific and clinical challenge for oHSV candidates for many years. In application, IV dosage tends to be higher compared to intratumoral injection so that a sufficient amount of virus can reach tumor sites, countered by a higher risk of systemic cytokine storm and other severe adverse events related to a higher dosage. Moreover, generic intravenous administered viruses may be neutralized by antibodies after repeating dose. ImmVira's proprietary breakthrough viral candidate MVR-T3011 IV is designed to become the global first clinical-stage oHSV product via intravenous injection overcoming the aforementioned challenges. ImmVira will continue to monitor and analyze ongoing clinical biodistribution data in the human body as Phase I clinical study simultaneously goes on in the U.S. and China.
About ImmVira
ImmVira is a biotechnology company focused on development of new generation novel anti-cancer drug vectors. Our advanced engineering created vectors that are highly oncolytic competent and as ideal exogenous gene delivery mechanisms. Leveraging intrinsic mechanism of action and tumor microenvironment modification, our products include replication capable oncolytic herpes simplex virus, and non-replicating exosome and tumor vaccine. The company has developed science, technology and know-how to support ongoing research, development and commercialization of best-in-class mono and combo therapies on the OvPENS (Oncological vector+ Potent, Enabling, Novel & Safe) platform.
Our clinical stage and development stage pipelines target a wide range of solid tumors and hematologic malignancies, to be used as single agent or combination treatment solutions for cancer patients at different stages, unresponsive to immunotherapy or with rare tumors, by various administration methods including intratumoral, as well as first-in-class intravenous and intraperitoneal/pleural/vesical injections. The first three oncolytic virus products are currently undergoing five Phase I or Phase II clinical trials in both United States and China.
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SOURCE ImmVira | https://www.kxii.com/prnewswire/2022/07/21/immviras-intravenous-administered-ohsv-mvr-t3011-iv-demonstrated-promising-clinical-biological-activities/ | 2022-07-21T00:40:17Z |
The company offers an attractive total package for qualified candidates
SCOTIA, Calif., June 23, 2022 /PRNewswire/ -- As demand for redwood and Douglas-fir lumber and timbers remains robust, Humboldt Sawmill Company is seeking qualified journeyman millwrights for its sawmill operations in Scotia, California.
Located in the heart of beautiful Humboldt County along California's famous redwood coast, Scotia is a picturesque town with a fabled history. Between the 1880s and late 2000s Scotia was maintained as a true company town. Today the homes and businesses in the town are privately owned.
Anchoring the south end of town are the sawmill and woody biomass cogeneration power plant, both owned by Humboldt Sawmill Company. As one of the largest private employers in Humboldt County, Humboldt Sawmill Company employs hundreds of employees earning family-level wages and excellent company paid benefits, including:
- Medical, dental, and vision
- Company match 401(k) program
- Paid vacation and holidays
- Referral and retention bonuses
- Relocation support for qualified candidates
"The journeyman millwright position is extremely important to the successful day-to-day operation of our sawmill. We have made extensive capital investments in the mill, so the right candidate will grow their skills working with state-of-the-art equipment," states Chris Verderber, Director, Operations.
The company welcomes qualified applicants from throughout California and beyond who are interested in living in a beautiful part of the country with numerous activities geared toward enjoyment of the great outdoors including fishing, hiking, hunting, surfing, and much more.
Please visit the company's careers website to apply directly to the journeyman millwright position.
About the Mendocino Family of Companies
The Mendocino Family of Companies include Allweather Wood, Humboldt Redwood Company, Humboldt Sawmill Company, Mendocino Forest Products, Mendocino Redwood Company.
In aggregate Mendocino Companies owns 440,000 acres of Forest Stewardship Council® (FSC® C013133) certificated timberland, constitutes the largest waterborne wood treater in the Western USA, and is the largest producer of redwood lumber in the world. Collectively providing 900 employees and their families with excellent wages and benefits in rural communities of the Western USA. Additionally, Mendocino Companies owns and operates a 25-megaWatt biomass Cogen plant and largest wood pellet plant in California.
For more information, please visit www.MendoCo.com.
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SOURCE Humboldt Sawmill Company, LLC | https://www.wibw.com/prnewswire/2022/06/23/humboldt-sawmill-hiring-journeyman-millwrights/ | 2022-06-23T19:25:15Z |
Mastercam sponsored competition encourages innovative design and manufacturing
TOLLAND, Conn., July 5, 2022 /PRNewswire/ -- Mastercam, CAD/CAM software developed by CNC Software, LLC, is proud to sponsor a competition to inspire students and professionals in the manufacturing arena. The Mastercam 2022 Wildest Parts Competition is now accepting entries.
The challenge is simple. Create a bold, original item using Mastercam. The competition challenges students and professionals to create something that shows off imaginative design and exciting machining.
Participating in the Wildest Parts Competition is a great opportunity for instructors and students to get inspired in the classroom and motivated to expand their CAD/CAM abilities by the spirit of competition. Entrants are expected to create high quality parts that either haven't been done before or add a new twist to an existing concept.
Now until October 31, 2022, entries will be accepted in two divisions:
Education (1st, 2nd, 3rd) – open to individual students at high school and college/university level of education.
Professional (1st, 2nd, 3rd) – open to anyone with professional manufacturing experience; instructors are encouraged to enter parts in this division.
"Last year we received a lot of amazing and creative parts from students and professionals around the world," said Peter Mancini, Education Product Manager at CNC Software. "For example, Wes Bruski from Capital High School in Helena, MT, was the winner in our Secondary division with a Domino and Dice Cup Game Set, and Gus Bronk from Washington State University made a keyboard from exotic materials for our Postsecondary division. The parts they submitted were extremely impressive, and we look forward to seeing what entries are submitted this coming year!"
All entrants receive a Mastercam t-shirt for participating. Winning entries receive cash, $3,000 for first place; $1,500 for second place; and $700 for third place, in addition to certificates of achievement and more. Anyone interested in a manufacturing and design challenge to break the mold, think outside the box, cut outside the lines, and share their creativity is encouraged to enter.
For more information about the Mastercam Wildest Parts Competition, visit https://www.mastercam.com/community/competitions/wildestparts/.
Founded in 1983, CNC Software, LLC is headquartered in Tolland, Connecticut, with corporate offices in China. The company develops Mastercam, a suite of CAD/CAM software created to reduce production time and expense with efficient machining strategies and advanced toolpath technologies like Accelerated Finishing™ and Dynamic Motion™. Mastercam is the world's #1 CAM software, with more than 284,000 installations in industries such as moldmaking, automotive, medical, aerospace, consumer products, education, and prototyping. It is distributed through an international channel of authorized Mastercam Resellers in 75 countries, providing localized sales, training, and support for 2- through 5-axis routing, milling, and turning; 2- and 4-axis wire EDM; 2D and 3D design; surface and solid modeling; artistic relief cutting; and Swiss machining. For more information, visit www.mastercam.com.
Contact: Michelle Nemeth
Phone: +1 860.875.5006
Fax: +1 860.872.1565
Michellen@mastercam.com
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SOURCE Mastercam | https://www.kxii.com/prnewswire/2022/07/07/mastercams-2022-wildest-parts-competition-now-accepting-entries/ | 2022-07-07T18:27:40Z |
MINNEAPOLIS (AP) — Tina Charles had 23 points and nine rebounds, Jewell Loyd scored 21 points and the Seattle Storm secured the No. 4 seed in the WNBA playoffs with a 96-69 victory over the Minnesota Lynx on Friday night, spoiling Sylvia Fowles’ final regular-season home game.
Seattle (22-13), which closes the season on Sunday against first-place Las Vegas, will host a first-round series next week against the Washington Mystics. Minnesota (14-21) plays at Connecticut on Sunday, hoping for the final playoff spot.
Fowles, who helped Minnesota win WNBA titles in 2015 and 2017, retires as the league’s career leader in field-goal percentage, rebounds and double-doubles. She came out of the game with two minutes left to a standing ovation after recording another double-double. Fowles was honored in a post-game ceremony in front of a packed Target Center crowd by Minnesota Lieutenant Gov. Peggy Flanagan, Lynx owner Glen Taylor, former players Rebekkah Brunson and Lindsay Whalen, and coach Cheryl Reeve.
“It’s been a joy,” Fowles said. “I never thought that I’d be here in this moment, the impact that I made across this league. I had the stars aligned for me because I had a lot of people who kept me in my place and held me to high standards.”
Fowles acknowledged her family in attendance and thanked the fans for “embracing me with open arms.” She thanked her teammates for “allowing me to be myself and allowing me to take no days off and keeping me motivated. Without you guys, I’m not who I am.”
Fowles. who passed Brunson for first on Minnesota’s rebounds list, finished with 13 points and 12 rebounds.
Seattle jumped out to a 30-10 lead in the first quarter and it was 45-28 at halftime. Charles scored 14 points in the first half, Loyd added 12 and Breanna Stewart had 10 points and eight rebounds. Seattle led 89-59 with three minutes left.
Stewart finished with 16 points and 10 rebounds and Briann January added 11 points for Seattle. Loyd set a franchise record with her 73rd 3-pointer of the season, passing Sue Bird’s 72 in 2016.
Minnesota’s Aerial Powers scored 12 of her 18 points in the fourth quarter and Bridget Carleton added 11 points.
Seattle coach Noelle Quinn returned from the league’s health and safety protocols following a positive test for COVID-19.
___
More AP women’s basketball: https://apnews.com/hub/womens-basketball and https://twitter.com/AP_Sports | https://cw33.com/sports/ap-sports/storm-secure-no-4-seed-spoil-fowles-home-finale-for-lynx/ | 2022-08-14T01:56:28Z |
BRIDGEWATER, N.J., Aug. 23, 2022 /PRNewswire/ -- Electric bike company Vanpowers Bike builds high-end electric bikes that aim to make riding a breeze. Vanpowers Bike is pleased to announce their new fat tire eMTB Manidae this year. Manidae is the best all-rounder to help riders flee the city to enjoy more riding fun for beach and camping adventure.
The Manidae has a clean look and a stable 750W of rated power. The motor provides speed of up to 28 mph, with a 85 Nm torque on offer. It is easier to start from a stop, with plenty of assistance for the best climbs, range, and speed. The best all-rounders aren't just good at either taking on challenging trails or getting home quickly at the end of the workday; they perform equally well on extended rides as they do throughout your daily commute.
People can cruise with ease and ride with more power. Manidae has both thumb throttle and pedal assist modes. Switch between systems on the fly, enjoying the ride your way.
The removable 672Wh lithium-ion battery with premium LG cells provides up to 70 miles of range, which is suitable for traveling and has a long range. People can get along perfectly with Manidae and enjoy longer rides without fear of draining battery power during the journey. The battery seamlessly integrates into the frame, which is safer and more secure in the event of a crash.
The beefy, stiff hydraulic suspension fork provides 95 mm of travel. When conquering rugged muddy terrain, and exploring miles of backcountry trails, it helps riders absorb bumps and provides a more comfortable ride while staying light and efficient. The fork performs well in fast berms and challenging landings, offering strong traction and plenty of reserve. Suspension front forks and soft fat tires make this hardtail eMTB more comfortable and safe to ride.
The 26'' x 4.0" puncture-resistant fat tires can strike a good balance between rolling resistance and grip. Take on snow and sand, rough and rooted trails, or other loose or rocky terrains. Maximize ride comfort and improve the overall feel.
Manidae is also equipped with high-quality components that people need: Shimano® 8-speed drivetrain, central LCD display, Selle Royal® saddle. It also has a back rack to help people carry backpacks or supplies for BBQ and camping.
For more info, click here.
About Vanpowers Bike
Vanpowers Bike is an e-bike brand specializing in giving riders the smoothest possible riding experience no matter the terrain. Founded in 2022 on the values of ease, efficiency, and comfort, VPB is dedicated to designing e-bikes that allow you to stay on the cutting edge of technology while maintaining sleek, classic aesthetics and without spending hours of your day waiting for a full charge.
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SOURCE Vanpowers Bike | https://www.kxii.com/prnewswire/2022/08/23/vanpowers-bike-launches-emtb-manidae-high-performance-off-road-all-rounder-e-bike-that-can-take-many-trails/ | 2022-08-23T13:50:55Z |
ROLLING MEADOWS, Ill., April 8, 2022 /PRNewswire/ -- Arthur J. Gallagher & Co. today announced the acquisition of Nottingham, England-based Churchills International Consulting. Terms of the transaction were not disclosed.
Founded in 1974, Churchills International Consulting offers comprehensive employee benefits programs to corporate clients, with a focus on the technology sector. Offerings include critical illness, death-in-service, group pension, income protection, private dental and medical, health & wellness, discount & affinity, and travel insurance. Peter Meagher and his team will remain in their current location under the direction of Nick Burns, head of Gallagher's U.K. benefit consulting and brokerage operations.
"Churchills is a leading employee benefits consultancy that will expand Gallagher's existing UK rewards and benefits offerings in the attractive technology sector," said J. Patrick Gallagher, Jr., Chairman, President and CEO. "I am very pleased to welcome Peter Meagher and his team to our growing, global company."
Arthur J. Gallagher & Co. (NYSE:AJG), a global insurance brokerage, risk management and consulting services firm, is headquartered in Rolling Meadows, Illinois. The company has operations in 68 countries and offers client service capabilities in more than 150 countries around the world through a network of correspondent brokers and consultants.
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SOURCE Arthur J. Gallagher & Co. | https://www.kxii.com/prnewswire/2022/04/08/arthur-j-gallagher-amp-co-acquires-churchills-international-consulting/ | 2022-04-08T14:37:29Z |
VICTORY, Vt. (AP) — In the remote Vermont community of Victory, Town Clerk Tracey Martel says she’s regularly frustrated watching a spinning circle on her computer while she tries to complete even the most basic municipal chores online.
“Fast internet would be really good,” said Martel, whose community of about 70 was one of the last in Vermont to receive electricity almost 60 years ago. The DSL service she has now works for basic internet, but it can be spotty and it doesn’t allow users to access all the benefits of the interconnected world.
About 5 miles (8 kilometers) away as the bird flies in the neighboring community along Miles Pond in the town of Concord, a new fiber optic line is beginning to bring truly high-speed internet to residents of the remote area known as the Northeast Kingdom.
“I’m looking forward to high-speed internet, streaming TV,” said Concord resident John Gilchrist, as a crew ran fiber optic cable to his home earlier this year.
The fiber optic cable that is beginning to serve the remote part of Concord and will one day serve Victory is being provided through NEK Broadband, a utility of nearly 50 Vermont towns working to bring high speed internet service to the most remote parts of the state.
NEK Broadband Executive Director Christa Shute said the group’s business plan calls for offering services to all potential customers within five years, but given current supply constraints and the shortage of trained technicians, she’s beginning to think that goal isn’t achievable.
“I think our build will take seven to 10 years,” she said.
Congress has appropriated tens of billions of dollars for a variety of programs to help fill the digital gap exposed by the pandemic when millions of people were locked down in their homes with no way to study, work or get online medical care.
The first of those funds are reaching municipalities, businesses and other groups involved in the effort, but some say supply chain issues, labor shortages and geographic constraints will slow the rollout.
The demand for fiber optic cable goes beyond wired broadband to homes and businesses. The cable will help provide the 5G technology now being rolled out by wireless communications providers.
But there’s a bottleneck in the supply. Michael Bell, of Corning Optical Communications based in Charlotte, North Carolina, said the issue lies with supply of the protective jacket that surrounds the hair-thin strands of glass that carry information on beams of light.
Currently, some working to expand broadband say delays in getting the fiber optic cable they need can exceed a year.
“Based on the capacity we’re adding, and the capacity we see our competitors adding, wait times will start going down dramatically as the year progresses and into next year,” Bell said. “And I think as we get into next year, the lead time for most customers is going to be well under a year.”
Meanwhile, there’s a labor shortage for installing the cable. Many in the industry are setting up educational programs to train people to work with the fiber, said Jim Hayes, of the Santa Monica, California-based Fiber Optic Association.
“It needs to be done now,” Hayes said. “We’re going to need to train probably ten techs for every tech that we’ve got who’s competent to lead them.”
The Infrastructure Investment and Jobs Act, the $1.5 trillion infrastructure bill passed last fall, says areas that receive broadband speeds of less than 25 megabit downloads and 3 megabit uploads are considered unserved. To qualify for different federal grants through the infrastructure bill and other programs, most finished projects must offer speeds of at least 100 megabits per second for downloads. Upload speeds differ, but most federal grants have a minimum of 20 megabit uploads.
For comparison, it takes 80 seconds to download a 1 gigabyte video at the speed of 100 megabits per second. It takes four times as long — 320 seconds, or more than 5 minutes — at 25 megabits per second.
The National Telecommunications and Information Administration — a part of the Agency of Commerce, which is funding broadband projects across the country through the infrastructure law — is neutral about about how internet service providers reach the speed requirements. Many providers say the key to bringing true high-speed internet service to the entire country is to install fiber optic cable to every nook and cranny.
Deploying high-speed internet in tribal communities and rural areas across the western United States where distances dwarf those of rural northern New England will be even more challenging.
Broadband access on the Navajo Nation — the largest reservation in the U.S. at 27,000 square miles (69,930 square kilometers) in Arizona, New Mexico and Utah — is a mix of dial-up, satellite service, wireless, fiber and mobile data.
The U.S. Department of the Interior, which has broad oversight of tribal affairs, said federal appraisals, rights-of-way permits, environment reviews and archaeological protection laws can delay progress.
The argument against the wireless options currently being used in some areas is they can’t offer speeds needed to qualify for the federal grants.
Mike Wendy of the Wireless Internet Service Providers Association said wireless technology is getting faster and more reliable, and wireless connections could be the only way to reach some of the most remote locations.
“The challenge of all this money is to make sure that the unserved are served,” said Wendy, whose organization represents about 1,000 fixed wireless internet providers. “Our guys are in those markets right now and they’re growing.”
Ohio Lt. Gov. Jon Husted said $233 million in state dollars will be used in his state to expand broadband to over 43,000 households. Other internet service providers have agreed to expand broadband to another 51,000 households. Ohio is expected to receive an additional $268 million in federal funding to further broadband expansion in the state.
Husted said Ohio is focused on infrastructure while groups and organizations are needed to provide computers and to help people adapt to the fast-growing digital age.
“We’re building the road,” Husted said. “Access to broadband is like the highway system. That’s where we’re focused. It doesn’t mean there are people who don’t need cars or need driver’s licenses.”
There are still scattered locations across the country that rely on dialup and some people in remote locations use satellite internet services. Some people have no internet options whatsoever.
Martel, the Victory town clerk, said that when the people from NEK Broadband visited, they told residents it would be five to seven years before fiber optic cable would reach the community.
But Shute said her organization hopes to get a grant to connect the most rural areas, which could move the timeline for Victory up to three years.
Back in East Concord, after having the service for several weeks, Gilchrist said he and his daughter Emily, who is 19 and headed to college in a few months, no longer have to go to the local diner to use the internet. He canceled his expensive satellite TV service, his daughter and her friends have been using it to play online video games and in a few months she will be using the connection while doing college studies.
“It’s been working great, as far as I’m concerned, all I do is check email,” Gilchrist said. “I don’t watch TV, but my daughter loves it.”
___
Gillispie reported from Cleveland. AP Correspondent Felicia Fonseca contributed to this report from Flagstaff, Arizona. | https://cw33.com/technology/ap-technology/lots-of-broadband-money-but-us-expansion-finds-speed-bumps/ | 2022-04-13T19:57:43Z |
- Dow and Mura Technology to build multiple facilities in the U.S. and Europe, adding as much as 600 kilotons of aggregate advanced recycling capacity by 2030.
- Expansion of Mura's pipeline builds on its first plant in Teesside, U.K., which is on track to be fully operational in 2023.
- By using advanced recycling as a complementary technology to mechanical recycling, Dow is making significant progress towards its sustainability, climate and plastic waste reduction targets.
- Dow to become a key off-taker of circular feed from Mura, supplying major brands across the globe with sustainable products and helping to scale the elimination of plastic waste.
- Dow's support of Mura Technology provides critical resources for Mura to finance and deliver on its multi-year pipeline of advanced plastic recycling projects.
HORGEN, Switzerland, July 21, 2022 /PRNewswire/ -- Dow (NYSE: DOW), the world's leading materials science company, and Mura Technology, the global pioneer of an advanced plastic recycling solution, today announce the next step in their partnership to help solve the global plastic waste issue with the intention to construct multiple world-scale 120 kilotons (KT) advanced recycling facilities in the U.S. and Europe – collectively adding as much as 600 KT of annual capacity.
Dow will play an important role in the partnership as a key off-taker of the circular feed that Mura produces. This circular feed, derived from plastic waste currently destined for landfill or incineration, reduces reliance on fossil-based feedstocks and will enable Dow to produce a recycled plastic feedstock for the development of new, virgin-grade plastics which are in high demand from global brands. By working together, Dow and Mura will ensure plastic has a viable way to be re-circulated into global supply chains, helping to advance a circular economy for plastics and increase the value of plastic waste.
These planned capital investments by Mura, as well as Dow's off-take agreements, represent both companies' largest commitment to date to advance and scale global advanced recycling capabilities.
"The strengthening of Dow and Mura's partnership is another example of how Dow is working to build momentum around breakthrough advanced recycling technologies," said Marc van den Biggelaar, Advanced Recycling Director for Dow. "By investing in new applications, Dow is working to meet the increased demand for recycled material from its customers and make a meaningful impact on the supply chain, helping to close the loop on plastic waste. Dow is committed to accelerating a circular economy for plastics and our expanded partnership with Mura marks a significant step on this journey. As a long-term partner, we are excited about the potential of this process to recycle plastics and help solve the plastic waste challenge."
"This partnership continues to create momentum for Dow as we move towards feedstock flexibility and diversification, which is essential if we wish to advance a circular economy for plastics," said Diego Donoso, President of Packaging & Specialty Plastics for Dow. "And a fully circular business model for plastics will also enable decarbonization and support us on the road to net zero."
This marks an important milestone in the rapid scaling of Mura's revolutionary HydroPRS™ (Hydrothermal Plastic Recycling Solution) advanced recycling process, which can be used to recycle all forms of plastic, including flexible and multi-layer plastics, which have previously been deemed 'unrecyclable'. Once deployed at scale, it has the capability to prevent millions of tons of plastic and carbon dioxide from entering the environment every year and create the ingredients for a sustainable, circular plastics economy ─ a mission which Dow is jointly committed to and supporting with materials science expertise.
"The global plastics issue is one of the most pressing environmental issues to date – there is simply no time to waste," said Dr. Steve Mahon, CEO of Mura Technology. "Mura's technology is designed to champion a global circular plastics economy, and our partnership with Dow is a key enabler to bringing HydroPRSTM to every corner of the globe. This next step in our partnership and the resources provided by Dow will allow us to finance and dramatically increase recycling capacity and enable circular plastics to enter global supply chains at scale."
The world's first plant using Mura's HydroPRS™ process, located in Teesside, U.K., is expected to be operational in 2023 with a 20 KT per year production line set to supply Dow with a 100% recycled feedstock. The extended partnership is set to considerably increase this supply, playing a significant role in Dow and Mura's planned global rollout of as much as 600 KT of advanced recycling capacity by 2030.
Dow's extensive global reach will enable the scale-up of Mura's technology through multiple projects in the U.S. and Europe. These plans include potential co-location opportunities, which will provide significant integration benefits for Mura's plants.
Complementary to the progress in advanced recycling are Dow's other projects in mechanical recycling and the waste ecosystem announced today.
- An investment to build the single largest single hybrid recycling site in France, managed by Valoregen, that will secure a source of post-consumer resins (PCR) for Dow.
- A Letter of Intent with Nexus Circular to create a circular ecosystem in Dallas, Texas, for previously non-recycled plastic building on its previous Hefty® EnergyBag® collaboration with Nexus and Reynolds Consumer Products.
Hydrothermal technology offers the scale to solve the plastic issue
Mura's unique hydrothermal recycling process, HydroPRS™, breaks down plastics using water in the form of supercritical steam (water at elevated pressure and temperature). The steam acts like molecular scissors, cutting longer-chain hydrocarbon bonds in plastics to produce the valuable chemicals and oils from which the plastic was originally made – in as little as 25 minutes.
These oils – equivalent to the original fossil products – are then used to produce new, virgin-grade plastic with no limit to the number of times the same material can be processed, creating a true circular economy for plastic waste. Importantly, the products may be suitable for use in food-contact packaging, unlike conventional recycling processes.
Mura's innovative process can recycle all forms of plastic waste including those considered 'unrecyclable', such as films, pots, tubs and trays, that can currently only be incinerated or sent to landfill. The process is designed to work alongside conventional recycling and wider initiatives to reduce and reuse plastic such as mechanical recycling (where plastic waste is shredded and re-formed into different plastic products) which remains crucial to Dow's recycling strategy.
Using supercritical steam means the technology is also inherently scalable. Unlike other methods, which heat waste from the outside, the steam imparts energy from the inside, providing an efficient conversion of plastic waste; a process which can be maintained regardless of scale.
Dow joins other major global players such as KBR Inc., the U.S. multinational engineering services company, Wood, the global consulting and engineering company, and others, as partners to accelerate the deployment of Mura's technology worldwide. The technology is also backed by environmental group, Ocean Generation, which is campaigning to tackle the plastic waste issue.
- See explanatory video on the HydroPRS™ Process here.
- See here for videos on Dow's drive for a circular economy for plastics.
About Dow
Dow (NYSE: DOW) combines global breadth; asset integration and scale; focused innovation and materials science expertise; leading business positions; and environmental, social and governance (ESG) leadership to achieve profitable growth and deliver a sustainable future. The Company's ambition is to become the most innovative, customer centric, inclusive and sustainable materials science company in the world. Dow's portfolio of plastics, industrial intermediates, coatings and silicones businesses delivers a broad range of differentiated, science-based products and solutions for its customers in high-growth market segments, such as packaging, infrastructure, mobility and consumer applications. Dow operates 104 manufacturing sites in 31 countries and employs approximately 35,700 people. Dow delivered sales of approximately $55 billion in 2021. References to Dow or the Company mean Dow Inc. and its subsidiaries. For more information, please visit www.dow.com or follow @DowNewsroom on Twitter.
For further information, please contact:
Judith Hicks (Dow)
jchicks@dow.com
+41 44 728 2319
About Mura Technology
Mura Technology's mission is to eliminate global plastic pollution and create sustainable societies.
We are pioneering a globally scalable technology to prevent millions of tonnes of plastic and CO2 from entering our natural environment every year and turning an $80bn lost resource of plastic waste into a valuable global commodity. Our technology can recycle all plastic waste, and produces the ingredients for brand new products, reducing the need for new and fossil-fuel derived plastics.
We are partnering with the biggest global brands to scale worldwide and feed a sustainable plastics economy in the next decade. Our plan is to have capacity for 1,000,000 tonnes of plastic recycling in operation or development by 2025.
The company is based in London, UK. Visit http://www.muratechnology.com/
For further information, please contact:
Cautionary Statement about Forward-Looking Statements
Certain statements in this report are "forward-looking statements" within the meaning of the federal securities laws, including Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Such statements often address expected future business and financial performance, financial condition, and other matters, and often contain words or phrases such as "anticipate," "believe," "estimate," "expect," "intend," "may," "opportunity," "outlook," "plan," "project," "seek," "should," "strategy," "target," "will," "will be," "will continue," "will likely result," "would" and similar expressions, and variations or negatives of these words or phrases.
Forward-looking statements are based on current assumptions and expectations of future events that are subject to risks, uncertainties and other factors that are beyond Dow's control, which may cause actual results to differ materially from those projected, anticipated or implied in the forward-looking statements and speak only as of the date the statements were made. These factors include, but are not limited to: sales of Dow's products; Dow's expenses, future revenues and profitability; the continuing global and regional economic impacts of the coronavirus disease 2019 ("COVID-19") pandemic and other public health-related risks and events on Dow's business; any sanction, export restrictions, supply chain disruptions or increased economic uncertainty related to the ongoing conflict between Russia and Ukraine; capital requirements and need for and availability of financing; unexpected barriers in the development of technology, including with respect to Dow's contemplated capital and operating projects; Dow's ability to realize its commitment to carbon neutrality on the contemplated timeframe; size of the markets for Dow's products and services and ability to compete in such markets; failure to develop and market new products and optimally manage product life cycles; the rate and degree of market acceptance of Dow's products; significant litigation and environmental matters and related contingencies and unexpected expenses; the success of competing technologies that are or may become available; the ability to protect Dow's intellectual property in the United States and abroad; developments related to contemplated restructuring activities and proposed divestitures or acquisitions such as workforce reduction, manufacturing facility and/or asset closure and related exit and disposal activities, and the benefits and costs associated with each of the foregoing; fluctuations in energy and raw material prices; management of process safety and product stewardship; changes in relationships with Dow's significant customers and suppliers; changes in consumer preferences and demand; changes in laws and regulations, political conditions or industry development; global economic and capital markets conditions, such as inflation, market uncertainty, interest and currency exchange rates, and equity and commodity prices; business or supply disruptions; security threats, such as acts of sabotage, terrorism or war including the ongoing conflict between Russia and Ukraine; weather events and natural disasters; disruptions in Dow's information technology networks and systems; and risks related to Dow's separation from DowDuPont Inc. such as Dow's obligation to indemnify DuPont de Nemours, Inc. and/or Corteva, Inc. for certain liabilities.
Where, in any forward-looking statement, an expectation or belief as to future results or events is expressed, such expectation or belief is based on the current plans and expectations of management and expressed in good faith and believed to have a reasonable basis, but there can be no assurance that the expectation or belief will result or be achieved or accomplished. A detailed discussion of principal risks and uncertainties which may cause actual results and events to differ materially from such forward-looking statements is included in the section titled "Risk Factors" contained in the Company's Annual Report on Form 10-K for the year ended December 31, 2021 and the Company's Quarterly Report on Form 10-Q for the quarter ended June 30, 2022. These are not the only risks and uncertainties that Dow faces. There may be other risks and uncertainties that Dow is unable to identify at this time or that Dow does not currently expect to have a material impact on its business. If any of those risks or uncertainties develops into an actual event, it could have a material adverse effect on Dow's business. Dow and TDCC assume no obligation to update or revise publicly any forward-looking statements whether because of new information, future events, or otherwise, except as required by securities and other applicable laws.
®TM Trademark of The Dow Chemical Company ("Dow") or an affiliated company of Dow
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SOURCE The Dow Chemical Company | https://www.mysuncoast.com/prnewswire/2022/07/21/dow-mura-technology-announce-largest-commitment-its-kind-scale-advanced-recycling-plastics/ | 2022-07-21T11:08:33Z |
Police release videos in probe of Baldwin film-set shooting
SANTA FE, N.M. (AP) — Law enforcement officials released a trove of video evidence Monday in the ongoing investigation of a fatal October shooting of a cinematographer by actor and producer Alec Baldwin on the set of a Western movie.
Data files released by the Santa Fe County Sheriff’s Office include lapel camera recordings taken by a commanding officer as he arrives at a film-set ranch where medics are attending to the wounded, with an evacuation helicopter whirring overhead. A search for the gun leads to the movie production’s armorer, who breaks down in tears.
Other videos show investigators as they debriefing Baldwin within hours of the fatal shooting, talking with him inside a compact office — and rehearsal clips that show Baldwin in costume as he practices a quick-draw maneuver with a gun.
Santa Fe County Sheriff Adan Mendoza said in a statement that the investigation by his agency remains open and ongoing as it awaits the results of ballistics and forensic analysis from the FBI as well as studies of fingerprint and DNA.
“The sheriff’s office is releasing all files associated with our ongoing investigation,” he said in the statement. Those files also include photos of ammunition from the set and examination reports.
At a ranch on the outskirts of Santa Fe on Oct. 21, 2021, Baldwin was pointing a gun at cinematographer Halyna Hutchins when it went off, killing Hutchins and wounding the director, Joel Souza. They had been inside a small church during setup for filming a scene.
In a video taken by police later that day, Baldwin makes a few frantic calls as he awaits a meeting with law enforcement officials.
“You have no idea how unbelievable this is and how strange this is,” he says over the phone.
Under questioning by two investigators, Baldwin pieces together what happened as the gun went off, still apparently unaware that Hutchins would die and shocked to learn that he had been holding a gun loaded with live ammunition. Baldwin said the gun should have been empty for a rehearsal with no filming.
“I take the gun out slowly. I turn, I cock the pistol,” Baldwin says. “Bang, it goes off. She (Hutchins) hits the ground. She goes down. He (Souza) goes down screaming.”
Souza recounted his experience from a hospital emergency room, where he was treated for a bullet wound and questioned by investigators.
Souza described “a very loud bang, and then it felt like someone kicked me in the shoulder.” He knew Hutchins was wounded too and asked if she was OK.
In the Oct. 21 video, Baldwin repeatedly says there were no prior problems of any kind with firearms on the set of “Rust.”
Those statements conflict with more recent findings by state occupational safety regulators, who last week issued the maximum possible fine of nearly $137,000 against the “Rust” film production company.
New Mexico’s Occupational Health and Safety Bureau said Rust Movie Productions must pay $136,793, and distributed a scathing narrative of safety failures in violation of standard industry protocols, including testimony that production managers took limited or no action to address two misfires on set prior to the fatal shooting.
The bureau also documented gun safety complaints from crew members that went unheeded and said weapons specialists were not allowed to make decisions about additional safety training. Rust Movie Productions has indicated it will dispute the findings and sanction.
Baldwin said in a December interview with ABC News that he was on set pointing the gun at Hutchins at her instruction when it went off without his pulling the trigger.
Copyright 2022 The Associated Press. All rights reserved. | https://www.kxii.com/2022/04/26/police-release-videos-probe-baldwin-film-set-shooting/ | 2022-04-26T19:55:17Z |
Sarasota students receive free backpacks at Ringling College
Greatness Beyond Measure and Barbershop Men of Prayer partnered with Sarasota Police Department to get students school ready
SARASOTA, Fla. (WWSB) - Over 500 backpacks of all different colors were loaded with school supplies for students on Sunday as part of a back-to-school giveaway. The event featured free food and haircuts, as well.
The giveaway had music and inflatable bounce houses for students to celebrate the end of summer. Sarasota Police Department partnered on this event to be a part of the community they protect and serve every day, according to Melanie Thomas, the founder of Greatness Beyond Measure.
“There are some organizations, some people, some individuals that care about us,” said Thomas. “Our mission at Greatness Beyond Measure is empowerment for life. Believe it, achieve it, ignite a genius.”
Students who attended the event also learned about virtual reality and got to use a virtual reality headset. According to Thomas, students need the opportunities to learn about new advancements that could turn into future jobs.
“Our young people need to be on the cutting edge of what’s going on and know not just about it, but how to operate it,” said Thomas.
The same event will be taking place next weekend in Palmetto with another 500 backpacks being handed out. That location will partner with Palmetto Police Department instead.
Copyright 2022 WWSB. All rights reserved. | https://www.mysuncoast.com/2022/08/01/sarasota-students-receive-free-backpacks-ringling-college/ | 2022-08-01T03:06:10Z |
Which men’s heated jacket is best?
One of the best recent technological advances is the introduction of heating elements to a standard jacket. They’re battery-operated and can provide warmth for hours, making it easy to keep working or participating in outdoor fun. Many are even machine-washable, despite all the tech.
The best men’s heated jacket is the DeWalt Heated Lightweight Soft Shell Jacket. It has five heating zones for more complete warmth and is water- and wind-resistant.
What to know before you buy a men’s heated jacket
Heating zones
Men’s heated jackets place heating elements in different ways, but most place an element or two along the upper chest and mid-back. Other popular places include the waist, arms, shoulders and the hood, if it includes one. Some jackets even place thin elements inside the collar.
Fit
Heated jackets follow the usual size guidelines (i.e., small, large, etc.) — though most have their own sizing charts for these names. Unlike other jackets, heated jackets need to fit as perfectly as possible, as a more secure fit means less empty space for the heating elements to warm instead of heating you.
Charging
Heated jackets typically charge through either a standard outlet or a USB connection. Either method, outside of the rare exception, takes roughly up to two hours to fully charge.
What to look for in a quality men’s heated jacket
Battery type
Most men’s heated jackets use rechargeable batteries, typically lithium or nickel.
- Lithium batteries are more common as they’re lighter, but this also makes them less durable. A jacket with a strong battery housing can mostly mitigate this weakness.
- Nickel batteries are more durable, but heavier. Their lifespan also slowly decreases with time and repeated charging.
Battery life
Most men’s heated jackets have battery lives between five to 10 hours, with the best having up to 12 hours. Don’t worry too much about maximum battery life as long as your jacket has enough power to last for the time you need it.
Battery backup
On the other hand, if your jacket has to last as long as a few days with inconsistent access to charging, you’ll need one with battery backups. This typically takes the form of one AA battery. Remember, this is only supplemental — for the best, longest-lasting heating, you still need to charge the main battery.
Lining and insulation
Some men’s jackets have linings, insulation or both.
- Linings are typically a layer of fleece. They’re good to have for freezing weather.
- Insulation takes it a step further, letting the jacket trap heat from both your body and the heating elements. This means you stay warmer, and it also means you can run the jacket at low heat and be just as warm as if you were wearing an uninsulated jacket on high heat. It’s a must for subzero climates.
How much you can expect to spend on a men’s heated jacket
Men’s heated jackets typically cost $100-$300. Jackets for $100-$150 are more than capable but spending up to $200 will get you a little more battery and heat. The best jackets cost up to $300.
Men’s heated jacket FAQ
How safe are men’s heated jackets?
A. Completely safe. First, the batteries use low-enough voltage to eliminate the risk of electrocution. Secondly, the wiring and heating components are completely insulated. Thirdly, most jackets have automatic-shutdown features that trigger if the heating elements cross a safety threshold.
How should I wash a men’s heated jacket?
A. Most jackets need to be carefully hand-washed and allowed to air-dry, but a few are machine washable.
- For the hand-wash-only models, you should give your jacket a soft wipe-down after each wear — otherwise you’ll have a harder, longer cleaning due before you know it.
- For machine-washable models, most have crucial instructions that must be followed, such as removing the batteries or that it should only be machine-washed a certain number of times. These can be found on the jacket’s tag and on the manufacturer’s website.
Can I take a men’s heated jacket on a plane?
A. Yes, the Transportation Security Administration allows them on flights. You may need to comply with some extra security, so arrive early.
What’s the best men’s heated jacket to buy?
Top men’s heated jacket
DeWalt Heated Lightweight Soft Shell Jacket
What you need to know: This option is a great intersection of effectiveness and cost.
What you’ll love: It heats five zones — the upper-left and upper-right chest, the mid-back, and both arms. The exterior is polyester that’s water- and wind-resistant, plus it has fleece polyester lining — including in the hood — for extra warmth. It can even charge your devices through a USB port.
What you should consider: Some consumers reported that cold air can sneak into your chest through a loose waist. It’s on the expensive side.
Where to buy: Sold by Amazon
Top men’s heated jacket for the money
Ororo Men’s Soft Shell Heated Jacket
What you need to know: This is perfect for colder-than-usual weather.
What you’ll love: It has three heating zones — the upper-left and upper-right chest and the mid-back. It can heat in seconds and can last for up to 10 hours on a full charge, plus it can charge your devices through a USB port.
What you should consider: It isn’t machine washable, and several consumers warned that it runs on the small side. A few also had issues with the power cable disconnecting from the battery.
Where to buy: Sold by Amazon and Home Depot
Worth checking out
What you need to know: It comes in two coverage options to best fit your needs.
What you’ll love: It comes in either three- or eight-heating-zone models — both heat the left and right chest and mid-back, with the eight-zone model also heating the left and right waist, shoulders and hood. It’s water- and wind-proof and lasts for up to eight hours.
What you should consider: A few consumers had issues with the battery starting to fail after roughly a year of use. Others found it to run on the large side.
Where to buy: Sold by Amazon
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Copyright 2022 BestReviews, a Nexstar company. All rights reserved. | https://cw33.com/reviews/br/apparel-br/outerwear-br/best-mens-heated-jacket/ | 2022-04-15T07:40:27Z |
Homeless shelters begin to see value in making room for pets
LOS ANGELES (AP) — Being homeless in Los Angeles and struggling with addiction is hard enough, but Rachel Niebur couldn’t imagine enduring it without her dog Petey.
Niebur credits her constant companion, an energetic black and white chihuahua mix, with helping her keep off drugs and giving her a reason to get up in the morning.
“She needs me. She gives me my focus. I have to feed her. I have to walk her. It’s a real relationship,” said Niebur, before following Petey to the small, fenced-in dog park on the grounds of the shelter in the Venice neighborhood where the inseparable pair have lived for about two years.
Traditional homeless shelters have long been off limits to pets, leaving animal owners who want to get off the streets with a difficult choice. But as homelessness surges across the U.S., those working toward a solution are increasingly recognizing the importance pets have for vulnerable populations and are looking for ways to keep owners and pets together.
When given the choice between getting shelter or giving up their pet, unhoused people will almost always choose to remain on the streets, said Tim Huxford, the associate director of the Venice facility now home Niebur and Petey.
“So we always want to reduce the amount of barriers that we have for people in bringing them off the street,” he said. “We realize that pets are like family to people.”
The Venice shelter operated by the nonprofit People Assisting the Homeless, or PATH, was the first of its kind in Los Angeles County to allow residents to bring animal companions, Huxford said.
Thanks to a state grant, PATH has a budget for food, crates, toys and veterinary services under an initiative called the Pet Assistance and Support program. In 2019, the pilot program provided $5 million to nonprofits and local jurisdictions, and that amount was doubled the following year. Now pending legislation would make the grant program permanent, while expanding it across the state.
State Sen. Robert Hertzberg, who wrote the bill that would expand the program, estimates that about 10% of homeless Californians have pets. And the reason many shelters don’t accept animals is simply because they don’t have resources to care for them, said Hertzberg, a dog owner.
He called pets “our comfort” and cited research that found animals provide companionship and a sense of purpose to people who don’t have housing.
The Democrat from Los Angeles said it’s just “raging common sense” to give nonprofits and other caregivers the budgets they need to feed and house pets, especially considering how much California already allocates to address the statewide homelessness crisis.
“We’re spending a billion dollars over here to get people off the street; why can’t we spend a few dollars over there to put together veterinary services and dog food and crates? These are grants of between $100,000 and $200,000, so it’s not a ton of money in the grand scheme of things,” Hertzberg said.
The money would come the state’s general fund, so it’s not cutting into any existing funding, Hertzberg said. The measure, SB513, unanimously passed the state Senate in January and now awaits consideration in the Assembly.
The California law is part of a larger national recognition of the issue.
In Arizona, for example, there are several organizations that take care of animals for residents who are struggling to get back on their feet.
A nonprofit no-kill shelter called Lost Our Home provides up to 90 days of pet care for homeless people while they search for a permanent place to live following a crisis like eviction, domestic violence or medical treatment.
Don Kitch manages one of several shelters operated in the Phoenix area by the nonprofit Family Promise, among the few that allow people to keep their pets at a separate area for the animals at the site. He said his shelter was currently housing four dogs, two cats and a Guinea pig.
“Unfortunately, there are very few facilities around here that will accept pets,” said Kitch.
He said many shelters do allow service animals, and less frequently emotional support animals.
Kitch said the Arizona Humane Society takes in pets for 90 days to allow their owners time to find stable housing, while the Sojourner Center allows domestic violence victims to keep their pets at the shelter.
Kitch said Family Promise used a grant from PetSmart to get started with its program to house pets. He said he’d welcome a law like California’s, because “anything to defray the cost would be ideal for a nonprofit homeless shelter like ours.”
The national nonprofit Best Friends Animal Society has joined forces with Catholic Charities USA to push for programs that keep homeless people and their pets together. The group Feeding Pets of the Homeless organizes veterinary clinics and donation drives for pet food and supplies.
The ASPCA and other animal care groups are urging the California bills’ passage.
“The ASPCA believes that financial circumstances alone are not reliable indicators of the capacity to love and care for a companion animal and that pets are incredible source of support and companionship in our lives, especially during times of stress and uncertainty,” said Susan Riggs, the ASPCA’s Senior Director of Housing Policy.
One of Petey’s canine companions at the Venice PATH facility is Champ, a pit bull mix that his owner Ro Mantooth calls “the mascot” of the shelter.
“He’s really my best friend. I don’t know what I’d do without him,” Mantooth, 29, said of Champ. “I’m lucky to have him. Not a lot of places are going to take animals, you know?”
In addition to Petey and Champ, there are eight other dogs and one cat at the Venice shelter. Huxford said another PATH facility has a parrot in a cage. Technically there are no rules about what animals can be admitted, he said, but that hasn’t been tested yet.
“If someone came in with an elephant, I guess we’d have to see,” he said.
___
Associated Press reporter Anita Snow in Phoenix contributed to this report.
Copyright 2022 The Associated Press. All rights reserved. | https://www.mysuncoast.com/2022/05/01/homeless-shelters-work-end-choice-between-street-pets/ | 2022-05-01T20:45:26Z |
TIFTON — Members of the community are invited to join the Abraham Baldwin Agricultural College Community Band or Community Choir when rehearsals begin in coming weeks.
“This is a great opportunity for everyone to come out, have some fun, and be a part of a great experience at ABAC,” Jennifer Huang, ABAC's Fine Arts department head, said. “No experience is required.”
Rehearsals begin on Monday at 6:30 p.m. for the Community Choir in the Choral Suite in Edwards Hall on the ABAC campus. Rehearsals will be held on the second and fourth Mondays each month. Marti Schert directs the ABAC choral program.
Rehearsals for the Community Band will begin on Sept. 19 and will be held at 6:15 p.m. on the first and third Mondays of each month in the Band Suite in Edwards Hall. Deborah Bradley directs the ABAC band.
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IRVINE, Calif., May 18, 2022 /PRNewswire/ -- Alteryx, Inc. (NYSE: AYX), the Analytics Automation company, today announced that it will participate in the following upcoming investor conferences:
- J.P. Morgan Global Technology, Media and Communications Conference on May 23 at 11:30 a.m. PT / 2:30 p.m. ET
- Bank of America Global Technology Conference on June 8 at 3:05 p.m. PT / 6:05 p.m. ET
The presentations will be webcast live and a replay will be available for a limited time. Please visit our "News & Events" section on the company's investor relations website at https://investor.alteryx.com for webcast links and presentation times.
About Alteryx
Alteryx, the Analytics Automation company, is focused on enabling every person to transform data into a breakthrough. Alteryx unifies analytics, data science and business process automation in one, end-to-end platform to accelerate digital transformation and shape the future of analytics automation. Organizations of all sizes, all over the world, rely on Alteryx to deliver high-impact business outcomes and the rapid upskilling of their modern workforce. For more information visit http://www.alteryx.com.
Alteryx is a registered trademark of Alteryx, Inc. All other product and brand names may be trademarks or registered trademarks of their respective owners.
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SOURCE Alteryx, Inc. | https://www.mysuncoast.com/prnewswire/2022/05/18/alteryx-present-upcoming-investor-conferences/ | 2022-05-18T13:30:33Z |
New Orleans residents will receive a $10 credit to invest in commercial real estate using the new investing app
NEW ORLEANS, Aug. 11, 2022 /PRNewswire/ -- Rhove, the Coinbase of real estate, announced today that it has partnered with Forward Together New Orleans, The Mayor's Fund (FTNO) and The Greater New Orleans Housing Alliance (GNOHA) to promote economic inclusion through real estate investing in local developments. FTNO will provide a grant to fund credits that 2,000 local residents can use to invest in commercial real estate using the Rhove app. Residents can redeem now at Rhove.com/nola.
Rhove's mission is to expand access and opportunity for everyone to invest in and own the places they live, work, and play. In May, Rhove received qualification from the U.S. Securities and Exchange Commission (SEC) and is launching its revolutionary platform that enables anyone to invest in real estate for as little as $1 per share.
"Historically, commercial real estate investing has only been accessible to wealthy individuals and institutions," said Calvin Cooper, Founder and CEO of Rhove. "As we grapple with rising inflation and our growing housing crisis, we realize that it is now more important than ever to provide access to investment opportunities that help people save money and build wealth. When cranes go up in our cities, everyone should be able to view that as an opportunity to benefit financially. It's time for a more inclusive development model—one where no one is excluded from the value of investing in their community."
The FTNO grant is an expansion of the FTNO Universal Basic Investment Credit (UBIC) program. The objective of the UBIC is to implement strategies that expand intergenerational wealth creation and alleviate disparities that have contributed to wealth gaps.
"The people of New Orleans want and deserve more dynamic opportunities to participate in ownership of local real estate developments in their neighborhoods and should not be limited to the role of passive observer." said Shaun Randolph, Executive Director of Forward Together New Orleans. "The Mayor's Fund is in the business of piloting innovative and novel concepts like this partnership with Rhove as part of our 2022 inclusive economic development effort and we are excited to help New Orleans become the first City in the country to roll out such a comprehensive community ownership initiative. "
To expand access and opportunity for New Orleanians, Rhove and FTNO partnered with GNOHA to select 1,000 recipients for the grant, including seniors, veterans, low-wage workers, low-income families, and those with disabilities. These recipients were invited to invest in commercial real estate with Rhove and received technology assistance from GNOHA.
"This is more than a financial incentive for New Orleanians—it's a multifaceted investment opportunity," said Andreanecia Morris, Executive Director of HousingNOLA. "By breaking down the social and economic barriers that prevented residents from investing in these kinds of opportunities in the past, we are opening new doors for our community. We are excited to continue working to discover how we can create additional opportunities for New Orleanians to invest back into their communities."
The 2,000 New Orleans residents who sign up at Rhove.com/nola will automatically receive a $5 credit to invest in commercial real estate when they create their account and an additional $5 to invest from Rhove. $5 of the total $10 investment credit can immediately be used on any property listed in the Rhove app. The remaining $5 can be used to invest in local developments once Rhove lists a property located in New Orleans. Credits will not be redeemable for cash and residents must invest a minimum of $1.
"We're actively in conversation with property owners in New Orleans so we can create an opportunity for residents to invest in their community," said Cooper. "To us, this is more than a financial imperative—it's about citizenship and social responsibility. We believe everyone should have the opportunity to invest directly in their communities, and we're excited to pave the way for a new democratized era of real estate investment and development. This is just the beginning."
For more information and a list of properties on Rhove, download the Rhove iOS app via Apple App store or visit www.rhove.com.
Built by Tokr Labs, Rhove is real estate investing for everyone. Founded with the goal of democratizing real estate investing, Rhove is empowering everyday people to invest in and own the places in which they live, work, and play for as little as $1 per share. Together, with investors and property owners, Rhove is building community and creating a new era of open finance for real estate investing. For more information, download the Rhove iOS app or visit www.rhove.com.
Forward Together New Orleans (FTNO) is a 501(c)(3) organization that launched in 2018 to make New Orleans a fairer, more inclusive city for all. The objective of FTNO is to collaborate with each mayoral administration and move New Orleans forward for generations to come.For more information, visit www.ftno.org.
The Greater New Orleans Housing Alliance (GNOHA) is a collaborative of non-profit housing builders and community development corporations working to rebuild the housing stock available in the city of New Orleans after Hurricane Katrina devastated the city's infrastructure. Since its creation in 2007, GNOHA has sought to create change in the Greater New Orleans community through public policy advocacy and public education. The collaborative advocates for the preservation and production of affordable housing for people within the Greater New Orleans metropolitan region and places a special emphasis on the needs of the most vulnerable in society - seniors, people with disabilities, veterans, low-wage workers and low-income families. For more information, visit www.gnoha.org.
Contact: Rhove@powerdigitalmarketinginc.com
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SOURCE Rhove | https://www.mysuncoast.com/prnewswire/2022/08/11/rhove-partners-with-forward-together-new-orleans-greater-new-orleans-housing-alliance-make-real-estate-equity-available-all/ | 2022-08-11T14:28:10Z |
Dubai International Financial Centre records strong growth in H1 2022, reaffirming Dubai's status as a global financial hub
Published: Sep. 8, 2022 at 11:40 AM CDT|Updated: 2 hours ago
DUBAI, UAE, Sept. 8, 2022/PRNewswire/ -- Dubai International Financial Centre (DIFC), the leading global financial centre in the Middle East, Africa and South Asia (MEASA) region, delivered robust growth in the first half of 2022. The Centre's strong performance reinforces DIFC's Strategy 2030 to drive the future of finance, differentiate Dubai as a global hub for financial institutions, FinTech and innovation companies, and increase its economic contribution to the emirate.
A total of 537 new entities registered during the first half of this year, representing an 11 per cent year-to-date increase. The total number of companies operating in DIFC has gone up from 3,297 to 4,031 at the end of June 2022, an increase of 22 per cent year-on-year.
The Centre is now home to 1,252 financial and innovation related companies, an increase of 22 per cent from the same period in 2021. FinTech and innovation companies jumped from 406 to 599, a 23 per cent increase year-on-year.
During the first half of this year, changes to DIFC laws and regulations included amendments to its globally recognised data protection law. In alignment with the country's vision to become a global benchmark in Open Finance, DIFC established the region's first Open Finance Lab, following an agreement with the Central Bank of the UAE. Furthermore, DIFC expanded its Innovation Hub proposition by launching a global Venture Studios hub and introducing a USD 100 million Venture Debt Fund.
The Centre also generated a new wave of interest in Dubai from US financial services companies, following its successful roadshow with senior executives from more than 100 American financial services and technology companies in attendance. In addition, the Republic of Türkiye Roadshow witnessed a series of strategic meetings with key clients and partners in Istanbul in a move to create strong partnerships with companies in the Republic of Türkiye. DIFC also held a successful roundtable in Tel Aviv, Israel, with 30 prospective clients across a wide range of businesses in the financial services sector.
Amongst its 4,031 entities, DIFC is currently home to 17 of the world's top 20 banks, 25 of the world's top 30 global systemically important banks, five of the top 10 insurance companies, five of the top 10 asset managers, and many leading global law and consulting firms.
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/2022/09/08/dubai-international-financial-centre-records-strong-growth-h1-2022-reaffirming-dubais-status-global-financial-hub/ | 2022-09-08T18:18:41Z |
Ohio Glove Company Announces FDA 510(k) Medical Approval for Get-A-Grip and Intercept Free Nitrile Glove for First Responder Personal Protection.
MINERVA, Ohio, May 31, 2022 /PRNewswire/ -- P H & S Products, LLC has been awarded by the FDA a 510(k) medical device Class I listing for a two-tone single-use only, examination grade glove for protection against fentanyl, heroin, and gastric acid per the ASTM D6978-05 standard. Using these 510(k) numbers, the FDA regulates and certifies the safety of these products to provide a barrier for the bare hand encountering these opioids alone or a mixture of all three substances.
The 510(k) certifications were awarded to both the Get-A-Grip two tone powder free, nitrile glove with a diamond grip pattern and the Intercept Free powder free nitrile NFPA (National Fire Protective Agency) approved two tone, accelerator free glove. Both glove styles offer maximum protection.
To receive the 510(k) approval the Get-A-Grip and Intercept Free gloves were evaluated for resistance to fentanyl, heroin, and gastric acid by the Akron Rubber Development Laboratories (ARDL). ARDL testing showed the fentanyl, heroin and gastric acid did not permeate the gloves up to 240 minutes of exposure.
With the help of U.S. Congressman Bill Johnson of Ohio, testing was expedited through the appropriate channels.
Congressman Johnson states "This is a tremendous accomplishment for the people of Summit Glove and its subsidiary, PH&S Products, but more importantly it will better protect first responders in Eastern Ohio and across the country from the deadly scourge of Fentanyl. I was glad to help cut through red tape at the DEA to secure the materials needed to test the gloves for approval. Fentanyl is killing Americans all across the country – our friends, neighbors, and in some cases family members – at unprecedented rates. Any tool that will keep law enforcement and first responders safe in this fight is very welcome".
As the heroin and fentanyl epidemic continues to grow, the professionals who come in accidental contact with these dangerous drugs are at great personal risk. Fentanyl is a powerful synthetic opioid 50 to 100 times more potent than morphine. As little as two milligrams, about the size of five grains of salt, can cause negative health effects including trouble breathing, dizziness, and possible overdose.
PH&S Products (www.phs-products.com), an ISO 9001 (with design) certified company, is a leader in design and development of innovative hand protection for municipal government agencies, emergency response teams and other public health and safety providers.
Call 888-688-6768 to request a sample for evaluation or visit our website at phs-products.com
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SOURCE PH&S Products | https://www.wibw.com/prnewswire/2022/05/31/testing-confirms-fentanyl-heroin-resistant-glove/ | 2022-05-31T18:37:26Z |
Frictionless Fintech solution is simple, convenient and highly affordable
CHICAGO, July 18, 2022 /PRNewswire/ -- Guaranteed Rate, a cutting-edge mortgage lender driven to be the nation's top Fintech, announces the launch of its new end-to-end digital Personal Loans. Online applications for these ultra-fast digital loans take as little as just 10 minutes to complete, and customers could receive up to $50,000 within hours.
With rising interest rates and soaring inflation, many Americans are looking for the fastest and most effective ways to consolidate high-interest debt and get access to low-interest funds they can use for home-improvement or other life projects. Guaranteed Rate's new Personal Loans solve those needs in record time. These loans offer low rates (starting at 5.74% APR*), a super-simple online application that takes a few minutes, and flexible repayment options from 1 to 5 years.
"Guaranteed Rate's awesome Fintech platform is designed to provide our customers with fast and frictionless financial products," said Guaranteed Rate President and CEO Victor Ciardelli. "And our new end-to-end digital Personal Loans are a fantastic example. In less than 10 minutes, customers can complete our online application and have their money within hours with absolutely no human contact."
Guaranteed Rate's new end-to-end digital Personal Loans are available initially by invitation only in 10 states (AL, CA, FL, GA, IL, MA, MO, NJ, OH and TX), with plans to expand rapidly to the rest of the country. The amounts for these loans range from $4,000 to $50,000*, with fixed rates starting at 5.74% APR*. Guaranteed Rate's Personal Loans have no fees—no origination fees, no NSF fees and no late fees. Funds are received in a lump sum, and payments can be made over 12, 24, 36, 48 or 60 months.
"Personal Loans are a really smart way for customers to reduce the cost of high-interest credit card debt or to help finance unexpected purchases," said Anand Cavale, Guaranteed Rate's Executive Vice President and Head of Unsecured Lending Products. "We know that customers need and want their money fast and they want the process to be hassle-free and super-simple. Our new Personal Loans product over-delivers on those needs."
Guaranteed Rate's new end-to-end digital Personal Loans are just one example of the exciting new Fintech solutions the company is developing. "Guaranteed Rate's tech team is laser focused on providing the best and most effective, fast and easy-to-use Fintech solutions in the industry that have never been available before. We have listened to our customers and are giving them what they want and need," says Ramesh Sarukkai, Guaranteed Rate's Chief Product and Technology Officer.
To learn more about Guaranteed Rate's new Personal Loans, visit rate.com/personal-loans.
Guaranteed Rate Companies is a leader in mortgage lending and digital financial services. Headquartered in Chicago, the Guaranteed Rate Companies have more than 10,000 employees in over 850 branches across the U.S., serving all 50 states and Washington, D.C. Since its launch in 2000, Guaranteed Rate Companies have helped more than 1 million homeowners with home purchase loans and refinances, with a total loan volume of more than $116 billion in 2021 alone. The company has cemented itself as an industry leader by introducing innovative technology, offering low rates and delivering unparalleled customer service. Honors and awards include: Top Lender for Online Service for 2018 by U.S. News & World Report; Best Mortgage Lender for Online Loans and Best Mortgage Lender for Refinancing by NerdWallet for 2021; HousingWire's 2020 Tech100 award for the company's industry-leading FlashClose℠ technology; No. 3 ranking in Scotsman Guide's 2021 list of Top Retail Mortgage Lenders; Chicago Agent Magazine's Lender of the Year for six consecutive years; and Chicago Tribune's Top Workplaces list for seven consecutive years. Visit rate.com for more information.
*Rates shown assume a 0.25% autopay discount. Standard fixed rates range from 5.99% to 19.99% APR. Currently, loans are only available in Alabama, California, Florida, Georgia, Illinois, Massachusetts, Missouri, New Jersey, Ohio and Texas. Borrowers must be 18 years of age or older, a U.S. citizen, a permanent resident or a non-permanent resident in the U.S. on a valid, long-term visa. All loan applications are subject to credit review and approval. A borrower's rate will depend on requested loan amount, loan term, creditworthiness, income and a variety of other factors. Rates and loan amounts are also subject to state regulation and may be different than those above. The lowest rate advertised is reserved for the most creditworthy borrowers.
Representative example of repayment terms for an unsecured personal loan: For $20,000 borrowed over 24 months at 8.26% APR (including 0.25% autopay discount), the monthly payment is $906.91. This example is an estimate only and assumes all payments are made on time.
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SOURCE Guaranteed Rate Companies | https://www.kxii.com/prnewswire/2022/07/18/guaranteed-rates-new-super-fast-all-digital-personal-loans-take-less-than-10-minutes-apply/ | 2022-07-18T16:22:26Z |
PITTSBURGH, June 28, 2022 /PRNewswire/ -- As Summertime enters full swing and families are juggling changing schedules, direct-to-consumer personalized dog food, treat and supplements brand, Tailored® Pet, is unveiling new products designed to simplify the daily wellness routine of the family's furriest member – the dog.
Experience the interactive Multichannel News Release here: https://www.multivu.com/players/English/8957052-tailored-pet-new-products-dog-wellness-summer/
"As moms ourselves, we understand how fun-filled and busy summer can be," said Annina Silverman, Chief Marketing Officer of Tailored Pet. "Between family vacations, summer camps and playdates, it can be difficult to keep the family's wellness routines consistent, and often the family pup quickly falls to the bottom of the list."
"We're excited to expand our product lines to offer these new veterinarian-approved products specially designed to work together as part of a routine to help dogs live their heathiest, happiest lives," Ms. Silverman continued. "What's more, they can be easily bundled together as part of a subscription box to make setting their routine as simple as possible."
Sunshine and Supplements
Tailored is thrilled to introduce NEW, veterinarian-recommended Daily Supplement Bites designed to improve mobility and flexibility and reduce inflammation to help dogs maintain healthy movement well into their senior years.
Tailored's new Mobility Supplements are formulated with ingredients like glucosamine and chondroitin to help support hip and joint health, and dogs love their meaty, chewy flavor and texture. Pet parents can click here to add Tailored Supplements to their pup's routine for $26.00 today. Customers who subscribe to any of Tailored Pet's suite of products also receive a 10 percent on-going discount.
"We're so excited to add supplements to our comprehensive line of products designed to help pups live full and healthy lives," Ms. Silverman said. "These mobility supplements are great for dogs of all ages, specifically senior and large breed pooches that are prone to hip and joint issues," Ms. Silverman continued.
Who Needs Ice Cream When You Have Freeze-Dried Raw Mixers?
Tailored is also pleased to introduce NEW Freeze-Dried Raw Mixers into their product line. These irresistible, nutrient-dense bites are made with single source animal protein, like natural, U.S. sourced beef liver or chicken. These protein-rich morsels are the perfect meal topper and entice even the pickiest of pups to run to their bowl. They're also perfect for training and any-time treating.
What's more, Tailored's freeze-drying process preserves the fresh raw whole food, while eliminating food-borne pathogens, so pet parents can feel good about treating their pup to the nutritionally-dense tastiness of raw protein in a safe and delicious way.
"These new items join our comprehensive suite of wellness products, which also include our Natural Dental Chews, which are designed with a vet-recommended texture to fight plaque and tartar, and parsley to help freshen breath, as well as our Soft and Chewy Real Meat Treats, tailored with benefits for puppy, adult and senior pooches," Ms. Silverman said.
Tailored's Freeze-Dried Raw Mixers, and many of their other products, are available for purchase for $15.00 from the company's website, and on Amazon.
Summer Savings on Custom Nutrition for your Pup
In addition to the exciting new products mentioned above, the brand also continues to offer personalized food tailored to the nutritional needs of each unique dog.
To personalize a recipe just for their pup, pet parents can visit the company's website and take a quick three-minute quiz to determine their dog's recipe. Beginning Tuesday, June 28, new subscribers can use code USA60 to receive 60 percent off their first bag of custom food at sign up, plus a tennis ball and biodegradable bamboo food scoop. Pet parents can get started at TailoredPet.com to take advantage of this limited time offer.
Tailored's brief questionnaire asks detailed questions about the consumer's dog, ranging from gender and breed size to specific food sensitivities and wellness concerns. Using this information, the brand's canine nutrition experts recommend a personalized recipe tailored to each pet's individual needs, plus other products from Tailored's full line to help them live their healthiest, happiest life.
Each personalized Tailored recipe also comes with a bamboo food scoop, and the company offsets 100 percent of its carbon emissions from shipping and follows strict food safety procedures and practices, so pet parents can feel confident about safely feeding Tailored to their furry family members, while doing something good for the Earth, too.
About Tailored® Pet
Tailored® Pet is a direct-to-consumer, personalized pet food, treats and supplements brand dedicated to helping pets live their healthiest, happiest lives by personalizing recipes with the right nutrients for each dog's unique needs. Each Tailored recipe is designed with highest-quality ingredients by pet nutritionists, approved by veterinarians, and shipped directly to the consumer's door at the frequency they choose. What's more, every Tailored blend is safely cooked in the USA, is fairly priced without retail markups, and comes with a 100 percent money-back guarantee. The company is also dedicated to feeding a healthier, happier Earth through several sustainability initiatives, including a recyclable packaging partnership with TerraCycle, carbon-neutral shipping to offset its carbon emissions, and printing materials on recycled paper. To get started personalizing a recipe today, visit TailoredPet.com or to join our affiliate program, visit http://www.shareasale.com/join/tailoredpet.
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SOURCE Tailored Pet | https://www.wibw.com/prnewswire/2022/06/28/eat-sleep-treat-repeat-tailored-pet-unveils-exciting-new-products-simplify-doggie-wellness-routines-during-busy-summer-months/ | 2022-06-28T14:26:36Z |
MANILA, Philippines (AP) — U.S. Sen. Edward Markey, who was once banned from the Philippines by former President Rodrigo Duterte, on Friday met a long-detained Filipino opposition leader, whom he says was wrongfully imprisoned under Duterte and should be freed.
Markey, a Democrat from Massachusetts, and a group of U.S. legislators met former Sen. Leila de Lima for more than an hour in her high-security detention cell in the main police camp in Metropolitan Manila, according to her lawyer, Filibon Tacardon, and police.
Details of their court-authorized meeting were not immediately available.
Duterte had banned Markey and two other American legislators from traveling to the Philippines after they called for de Lima’s release and raised alarm over human rights violations under his presidency. Duterte’s turbulent six-year term ended in June.
The former president’s brutal anti-drugs crackdown, which left thousands of mostly poor suspects dead, has sparked an investigation by the International Criminal Court.
Duterte was succeeded by Ferdinand Marcos Jr., who took office on June 30 following a landslide election victory with his vice-presidential running mate Sara Duterte, the former president’s daughter.
Markey and his delegation met Marcos Jr. at the Malacanang presidential palace in Manila on Thursday. After the meeting, Marcos Jr. said he looked forward “to continuing our partnership with the U.S. in the areas of renewable energy use, agricultural development, economic reform, and mitigation of drug problems.”
A top critic of Duterte, the 62-year-old de Lima has been locked up for more than five years and has accused the former president and his then-deputies of fabricating the non-bailable drug-linked charges that landed her in jail in February 2017. Her arrest and detention effectively stopped her at the time as a senator from investigating the widespread killings under Duterte’s campaign against illegal drugs.
Duterte had insisted on her guilt, saying witnesses testified that she received payoffs from imprisoned drug lords. Several witnesses, however, have recently recanted their allegations against her, re-igniting calls for the Marcos Jr. administration to free her.
De Lima told The Associated Press in March in her first court-authorized jail interview since her arrest that she “cried every day, especially at night, in the first few weeks not really out of self-pity but for my family and out of disbelief.” She said she later settled down and continued to fight for human rights and the rule of law from behind bars.
She issued more than 1,200 handwritten daily statements from detention, mostly her critical thoughts on Duterte’s governance and reaction to breaking news like the 2020 U.S. electoral triumph of Joe Biden and Kamala Harris, which she welcomed as a victory of democracy over “fabricated populism,” and Russia’s invasion of Ukraine, which she called “an act of madness” that has put the world on edge.
She filed more than 600 proposed Senate bills and resolutions from jail, many aimed at strengthening human rights and government accountability and easing poverty. She ran for re-election in the May 9 elections under the main opposition bloc but a trial court banned her from joining online campaigning and debates.
Locked away from the campaign trail, de Lima sent a cut-out photo of herself to appear in her place. Amid her detention, de Leila lost her re-election bid.
Markey, chairman of the U.S. Senate Foreign Relations East Asia and Pacific Subcommittee, renewed deep concerns over human rights conditions under then-outgoing President Duterte in a joint statement in June with two other U.S. senators.
They said then that the incoming administration of Marcos Jr. provided an “opportunity to reject the repression of the past, release Sen. Leila de Lima and embrace policies that support the rule of law and a vibrant free press in the Philippines.”
It was not immediately clear if Markey renewed his call for de Lima’s release in Thursday’s meeting with Marcos Jr. and how the Philippine leader responded. | https://cw33.com/news/international/ap-international/us-lawmakers-meet-detained-philippine-opposition-leader/ | 2022-08-19T22:25:04Z |
New details released in search for Alabama corrections officer, escaped inmate
LAUDERDALE COUNTY, Ala. (WAFF/Gray News) - Authorities are still searching for an Alabama corrections officer and inmate who escaped on Friday, but WAFF reports new details have been released involving the incident.
Lauderdale County Sheriff Rick Singleton announced Monday at a press conference that an arrest warrant has been issued for Vicky White, an assistant director of corrections for the Lauderdale County Sheriff’s Office.
She is charged with first-degree permitting or facilitating escape of inmate Casey White. The two are not related.
Lauderdale County District Attorney Chris Connolly said he is shocked and disappointed as more information develops about the incident.
“I would have trusted Vicky with my life. I really mean it,” Connolly said. “If we needed something from the jail, she was our go-to person, solid employee. That’s why it’s so shocking.”
Detectives said they have uncovered some important information since their disappearance.
Officials said that Casey White is a free man and no longer restrained.
“We found her radio, sheriff’s department radio, and the leg shackles and handcuffs,” Singleton said.
Detectives also believe Vicky White has her phone, but it is turned off.
“It wasn’t left in the car. You know, we’ve attempted using technology. We haven’t had any success with it,” Singleton said.
They are also going through her finances to see if there is anything unusual.
“We’ve had the Secret Service helping us with some of that kind of stuff. They’re working on that angle of it.” Singleton said. “We’re assuming she’s got some cash.”
Vicky White and Casey White have been missing since April 29, when Vicky White said she was taking the inmate to a mental health evaluation. Singleton confirmed that no mental health evaluation existed. Investigators said there is no doubt that Vicky White aided and abetted Casey White with his escape.
Since the two went missing, 20 investigators have jumped on the case, taking up a whole conference room at the courthouse.
“Well, we’re not as far as we would like to be, and we’ve followed up on several leads. We’ve had very few productive leads, but we are making some progress,” Singleton said.
Investigators said they need a key piece of information, but they have hit a roadblock.
“We’d like to have identified a vehicle so we know what we’re looking for. That would be a tremendous help to us if we could get that done,” Singleton said.
Shortly before her disappearance, Vicky White said she had also planned to get medical care because she wasn’t feeling well, but she never arrived.
The vehicle in which the two departed Friday morning was found at a shopping center in Lauderdale County later that afternoon.
Casey White was serving 75 years for a series of crimes and was awaiting a capital murder trial. He is 6-feet, 9-inches tall and weighs about 260 pounds, according to the U.S. Marshals Service. He has brown hair and hazel eyes.
Authorities said Vicky White violated a policy that required more than one official to be involved in transporting inmates. The policy was put in place when Casey White was jailed two years ago and authorities believed he was planning to escape.
The Marshals Service said people with information about Casey White’s location or Vicky White’s disappearance can call the service at 1-800-336-0102. Anonymous tips may also be submitted through the U.S. Marshals Tip App.
The U.S. Marshals Service is offering up to $10,000 for information.
Copyright 2022 WAFF via Gray Media Group, Inc. All rights reserved. | https://www.wibw.com/2022/05/03/new-details-released-search-alabama-corrections-officer-escaped-inmate/ | 2022-05-03T15:29:11Z |
Trump ally Navarro sued for alleged unofficial email account
NEW YORK (AP) — The Justice Department filed suit Wednesday against Peter Navarro, claiming the former adviser to Donald Trump used an unofficial email account while working in the White House and wrongfully retained presidential records.
The lawsuit in federal court in Washington claims Navarro used at least one “non-official” email account — a ProtonMail account — to send and receive emails. The legal action comes just weeks after Navarro was indicted on criminal charges after refusing to cooperate with a congressional investigation into the Jan. 6, 2021, attack on the Capitol.
The civil cases alleges that by using the unofficial email account, Navarro failed to turn over presidential records to the National Archives and Records Administration.
The Justice Department is asking a federal judge for an order “authorizing the recovery of any Presidential records in the possession, custody, and/or control of Mr. Navarro.” The suit also seeks unspecified damages.
“Mr. Navarro is wrongfully retaining Presidential records that are the property of the United States, and which constitute part of the permanent historical record of the prior administration,” the suit states.
A lawyer representing Navarro in the criminal case did not immediately respond to a message seeking comment about the civil case.
Copyright 2022 The Associated Press. All rights reserved. | https://www.kxii.com/2022/08/03/trump-ally-navarro-sued-alleged-unofficial-email-account/ | 2022-08-03T22:13:31Z |
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