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Evening Also Celebrates the Top R&B/Hip-Hop Songwriters, Producers and Music Publishers on Wednesday, September 7 in Miami, FL
NEW YORK, Aug. 9, 2022 /PRNewswire/ -- BMI (Broadcast Music, Inc.) will honor the multiple award-winning songwriter/rapper/producer and actor Busta Rhymes with the BMI Icon Award at its 2022 R&B/Hip-Hop Awards on September 7. The private event, held at the LIV Nightclub Miami Beach, will be hosted by BMI President & CEO Mike O'Neill and BMI Vice President, Creative (Atlanta) Catherine Brewton.
"As one of the pioneers of hip-hop, we are excited to honor Busta Rhymes as a BMI Icon," said Brewton. "Through his award-winning solo work, countless collaborations and acting, Busta is a true innovator in every sense of the word and has made a dynamic impact on legions of fans and music creators worldwide. His quick wit and intricate rapping style have made him legendary, inspiring many young performers to follow in his footsteps. We're also thrilled to be back in person in Miami, celebrating our top music creators behind some of today's most-performed songs. We're looking forward to a fantastic night of great music."
Throughout the evening, BMI will also salute the songwriters, producers and music publishers of the past year's 35 most-performed R&B/Hip-Hop songs in the United States from BMI's repertoire of more than 18.7 million musical works. The BMI R&B/Hip-Hop Songwriter, Producer and Publisher of the Year will also be named during the ceremony.
Rhymes launched his musical career in the early 90s with the hip-hop crew Leaders of the New School. He moved on to become an in-demand collaborator, appearing on numerous tracks for other artists before he officially went solo in 1996 with his massive hit, "Woo-Hah!! Got You All in Check." The single was quickly certified platinum, earning him his first GRAMMY nomination. Throughout the '90s and 2000s, he was a creative force, topping the charts, including debuting at number one in 2006 with his seventh studio album, The Big Bang. Several of his hit songs, such as "Put Your Hands Where My Eyes Can See," "Break Ya Neck," "Dangerous," "Gimme Some More" and "What's It's Gonna Be?," featuring Janet Jackson, became hip-hop anthems, solidifying his place as one of the most in-demand rappers in the industry. In 2020, he independently released the critically acclaimed ELE 2: The Wrath of God, with NME saying it was "arguably one of the best-produced hip-hop albums of the last five years."
Throughout his career spanning over three decades, Rhymes has received numerous accolades and awards, including six BET Awards, eight BMI Awards, a Billboard R&B/Hip-Hop Award, a Soul Train Award, as well as 12 GRAMMY and 16 MTV Video Music Award nominations.
Beyond his work in music, Rhymes has appeared in several films and television series, including in Shaft, Finding Forrester, Master of None, The Rugrats Movie, and he competed in The Masked Singer on FOX.
The BMI Icon Award is presented to songwriters, composers or producers who have distinctly and profoundly influenced the music industry, leaving an indelible and unique influence on generations of music makers. As the 2022 honoree, Busta Rhymes joins an elite group of music creators who have received BMI's highest honor. Previous recipients include Janet Jackson, Patti LaBelle, Nile Rodgers, Snoop Dogg, The Jacksons, LA Reid, Babyface, Al Green, Isaac Hayes, James Brown and more.
For more information on the BMI R&B/Hip-Hop Awards, visit https://www.bmi.com/genres/rb_hiphop and use hashtag #BMIRnBHHAwards on social.
A post event press release, photos and video will be serviced after the event.
Celebrating over 80 years of service to songwriters, composers, music publishers and businesses, Broadcast Music, Inc.® (BMI®) is a global leader in music rights management, serving as an advocate for the value of music. BMI represents the public performance rights in over 18.7 million musical works created and owned by more than 1.2 million songwriters, composers, and music publishers. The Company negotiates music license agreements and distributes the fees it generates as royalties to its affiliated writers and publishers when their songs are performed in public. In 1939, BMI created a groundbreaking open-door policy becoming the only performing rights organization to welcome and represent the creators of blues, jazz, country, and American roots music. Today, the musical compositions in BMI's repertoire, from chart toppers to perennial favorites, span all genres of music and are consistently among the most-performed hits of the year. For additional information and the latest BMI news, visit bmi.com, follow us on Twitter and Instagram @BMI or stay connected through Broadcast Music, Inc.'s Facebook page. Sign up for BMI's The Weekly™ and receive our e-newsletter every week to stay up to date on all things music.
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SOURCE Broadcast Music, Inc. | https://www.mysuncoast.com/prnewswire/2022/08/09/busta-rhymes-be-honored-bmi-icon-2022-bmi-rampbhip-hop-awards/ | 2022-08-09T18:13:12Z |
NEW YORK, July 5, 2022 /PRNewswire/ -- Weiss Law is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Syros Pharmaceuticals, Inc. ("Syros" or the "Company") (NASDAQ: SYRS) in connection with the proposed merger of the Company with TYME Technologies, Inc. ("TYME") (NASDAQ: TYME). Under the terms of the merger agreement, the two companies will combine their businesses in an all-stock transaction that will result in one combined entity that will continue to trade publicly on the Nasdaq under the ticker symbol "SYRS." Syros expects to issue approximately 74.3 million shares of its common stock to TYME stockholders to acquire TYME's expected net cash at closing, and TYME stockholders are expected to receive approximately 0.4312 shares of Syros common stock for each share of TYME common stock. The actual number of shares to be issued in the merger and the exchange ratio will be subject to adjustment based on the amount of TYME's net cash at closing and the number of TYME shares outstanding at closing.
If you own Syros shares and wish to discuss this investigation or have any questions concerning this notice or your rights or interests, visit our website:
https://www.weisslaw.co/news-and-cases/syrs
Or please contact:
Joshua Rubin, Esq.
Weiss Law
305 Broadway, 7th Floor
New York, NY 10007
(212) 682-3025
(888) 593-4771
stockinfo@weisslawllp.com
Weiss Law is investigating whether Syros' board acted in the best interest of Syros' public shareholders in agreeing to the proposed transaction, whether the board was fully informed as to the valuation of the proposed acquisition by the Company, whether the deal's equity split is fair to Syros shareholders, and whether all information regarding the sales process and valuation of the transaction will be fully and fairly disclosed. Notably, Syros shareholders holding approximately 28% of the outstanding shares of the Company's common stock and TYME shareholders holding approximately 30% of the outstanding shares of TYME common have essentially locked up the deal, agreeing to vote their shares in favor of the merger.
Weiss Law has litigated hundreds of stockholder class and derivative actions for violations of corporate and fiduciary duties. We have recovered over a billion dollars for defrauded clients and obtained important corporate governance relief in many of these cases. If you have information or would like legal advice concerning possible corporate wrongdoing (including insider trading, waste of corporate assets, accounting fraud, or materially misleading information), consumer fraud (including false advertising, defective products, or other deceptive business practices), or anti-trust violations, please email us at stockinfo@weisslawllp.com
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SOURCE Weiss Law | https://www.wibw.com/prnewswire/2022/07/06/shareholder-alert-weiss-law-investigates-syros-pharmaceuticals-inc/ | 2022-07-06T01:15:03Z |
Organization demonstrates financial and physician network growth
SAN RAMON, Calif., June 22, 2022 /PRNewswire/ -- Hill Physicians Medical Group, California's largest independent physician association, has reported its 2021 annual audited financial results. Reporting $576 million in total revenue compared to $554 million the prior year, Hill continued to grow despite the challenges of the pandemic. Hill Physicians Medical Group is one of few independent medical groups to annually audit and share its financial results.
The medical group also reported increased patient and physician support, while strategically expanding its lines of business:
- Reached out, engaged, and coordinated timely care for 98% of high-risk patients in 2021
- Continued to expand physician adoption of technology, with over 80% of primary care physicians now offering video visits as an option for their patients
- Piloted a Community Health Advocate program in collaboration with Blue Shield of California, which contributed to 45% fewer ER visits
- Ended the year with our five largest health plan partners participating in a Clinically Integrated Network (CIN)
- Bolstered its presence in Solano County, by adding Northbay Healthcare to Hill Physician's network of providers.
"We continued to deliver exceptional care and support to our members and providers while managing the impacts of the global pandemic. We grew the Hill Physicians network and membership, added new plans and products to the portfolio and invested in technology," said David Joyner, CEO of Hill Physicians Medical Group. "I am proud of our performance as we delivered value-added services to help patients and our physicians navigate the complex healthcare landscape. Supporting our physicians and their staff is our primary goal, assisting them to deliver high quality patient care," reported David.
The 2021 annual report and financial statements are available at HillPhysicians.com/2021.
Hill Physicians Medical Group is the largest independent physician association in Northern California. Since 1984, it has provided consumers access to quality, patient-focused healthcare. The group, comprised of more than 5,000 primary care and specialty physicians, partners with leading health plans and hospitals, giving members access to healthcare in 12 counties spanning the Sacramento, Stockton and San Francisco Bay areas. Comprehensive case management programs, targeted clinical initiatives and a dedication to technological advancement place it at the forefront of the industry. Hill Physicians is consistently acknowledged as one of the top-performing medical groups in the state by The Integrated Healthcare Association and Association of Physician Groups. For more information, visit: www.HillPhysicians.com.
Contact: Cynthia Hibbard
Phone: 925.327.6731
Email: Cynthia.Hibbard@hpmg.com
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SOURCE Hill Physicians Medical Group | https://www.wibw.com/prnewswire/2022/06/22/hill-physicians-medical-group-reports-continued-strong-performance-2021/ | 2022-06-22T14:18:30Z |
Valerie Williams brings more than 16 years of experience optimizing freight rail operations and planning
CHICAGO, Aug. 31, 2022 /PRNewswire/ -- Amsted Digital Solutions (ADS) is pleased to announce the hiring of Valerie Williams to lead the company's Professional Services team, with an emphasis in fleet Management. Valerie's more than 16 years of experience in railcar fleet management expands the ADS resource team and brings new insights into how we can deliver even greater value to our customers.
"We are very excited to have Valerie be part our leadership team. She is a well-known and well-respected individual. She is a very knowledgeable and driven person, and we are confident in her ability to help grow our Professional Services group under her leadership," said Brad Myers, Executive Vice President & Chief Operating Officer of Amsted Digital Solutions.
ADS began its Professional Services division with several key clients years ago and recently has added resources and new capabilities to support its customers more broadly in the areas of fleet management and engineering & regulatory compliance.
Ms. Williams has been in various roles which aid in her expertise in are strategic planning and fleet sizing, dispute resolution, and freight rate and contract negotiations. She also extensive knowledge of North American freight rail transportation compliance, terminal compliance and railcar regulations. Ms. Williams' previous management of fleet compliance was awarded the NAR Grand Slam award in 2020, one of 17 companies recognized. Her education and background include business management and accounting, and Ms. Williams is Transport of Dangerous Goods (TDG) certified.
###
Media Contact:
Katherine Bouvier
kbouvier@amstedrail.com
(312) 922-4641
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SOURCE Amsted Digital Solutions | https://www.mysuncoast.com/prnewswire/2022/08/31/freight-rail-veteran-joins-amsted-digital-solutions-senior-director-amp-general-manager-professional-services/ | 2022-09-01T01:25:44Z |
SAN DIEGO, Aug. 25, 2022 /PRNewswire/ -- The Ken Blanchard Companies®, a global leader in management training, consulting, and coaching, won a coveted Brandon Hall Group Gold award for excellence in the Best Advance in Leadership Development category. The Ken Blanchard Companies win was announced on August 18 during a live webinar hosted by Brandon Hall Group. The winners are listed at https://excellenceawards.brandonhall.com/winners/.
The Rise: Building Manager Foundations program that won the Gold award for excellence was created in partnership with BD (Becton, Dickinson and Company), a leading global medical technology company. The leadership development program is an innovative 12-week blended experience that includes asynchronous learning modules, small group discussions, digital simulations, large group interactive virtual sessions, and project-based learning (individual and small group) to demonstrate their commitment and what they have learned. It provides the ability for all BD people managers to learn and practice the same critical skills associated with being an effective manager.
"We are so thrilled to receive this award," said Britney Cole, Head of the Innovation Lab at The Ken Blanchard Companies. "The work was a true partnership and collaboration with BD to dream up an innovative leadership development program for their people managers - the first learning journey of its kind. We are grateful for the trust the BD team had in us to support them on this most important work."
Marilyn Allison, Worldwide Senior Director of Learning, Capability, and Development at BD adds, "We are grateful for and thoroughly enjoyed the partnership with the Blanchard team. Together we created an innovative learning experience for our managers that will help them support our associates, our culture, and our business."
The Ken Blanchard Companies is a global leader in management training, consulting, and coaching. For more than 40 years, Blanchard has been helping organizations develop inspired leaders at all levels and create cultures of connection that unleash talent and deliver extraordinary results. Blanchard's SLII® powers inspired leaders and is the leadership model of choice for more than 10,000 organizations worldwide. Blanchard also offers a suite of other award-winning leadership development solutions through flexible delivery modalities to meet the specific needs of its clients. Learn more at www.kenblanchard.com.
Brandon Hall Group operates the largest and longest running awards program in Human Capital Management. As an independent HCM research and analyst firm they conduct studies in Learning and Development, Talent Management, Leadership Development, Diversity, Equity & Inclusion, Talent Acquisition and HR/Workforce Management. These benchmark studies help organizations by providing strategic insights for executives and practitioners responsible for growth and business results.
Coupling the research studies with the best practice from the awards, Brandon Hall Group has helped more than 10,000 clients globally and more than 28 years of delivering world-class research and advisory. At the core of our offerings is a membership program that combines research, benchmarking and unlimited access to data and analysts. Membership enables executives and practitioners to make the right decisions about people, processes, and systems, coalesced with analyst advisory services which aim to put the research into action in a way that is practical and efficient.
Brandon Hall Group has also launched professional certifications for business and human capital management professionals to upskill themselves and gain credentials for career advancement. (www.brandonhall.com)
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SOURCE The Ken Blanchard Companies | https://www.wibw.com/prnewswire/2022/08/25/ken-blanchard-companies-wins-gold-brandon-hall-group-hcm-excellence-award-leadership-development/ | 2022-08-25T16:20:36Z |
PITTSBURGH, April 7, 2022 /PRNewswire/ -- "I wanted to create a more convenient way to increase the total available battery capacity for a mobile device," said an inventor, from Hyattsville, Md., "so I invented the WIRELESS CHARGER & PROTECTIVE COVER. My design would eliminate the charger to phone cable connection."
The invention provides an improved protective case for mobile devices. In doing so, it increases wireless charging capabilities. It also helps to extend battery run times and it increases convenience. The invention features a practical design that is easy to use so it is ideal for the owners of mobile devices.
The original design was submitted to the Washington D.C. sales office of InventHelp. It is currently available for licensing or sale to manufacturers or marketers. For more information, write Dept. 20-DCD-111, InventHelp, 217 Ninth Street, Pittsburgh, PA 15222, or call (412) 288-1300 ext. 1368. Learn more about InventHelp's Invention Submission Services at http://www.InventHelp.com.
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SOURCE InventHelp | https://www.kxii.com/prnewswire/2022/04/07/inventhelp-inventor-develops-improved-case-mobile-devices-dcd-111/ | 2022-04-07T19:53:52Z |
SARASOTA, Fla., June 13, 2022 /PRNewswire/ -- Britely Insurance announces today it has entered into an agreement to acquire the assets of Empire State Brokerage Services LLC, a New York based full-service wholesale broker operating in more than 25 states with access to dozens of key insurance markets. The transaction is expected to close in July of 2022.
"We are very pleased to announce this exciting acquisition." says Greg Roper, CEO at Britely Insurance. "In addition to outstanding market access, Empire brings a team with a wealth of experience proven over decades in the complex world of commercial insurance underwriting."
"I am excited to bring my 15 years of underwriting experience and our relationships with the industry's leading domestic, admitted and non-admitted insurance companies, as well as Lloyds of London, to Britely's arsenal," says David Schepsman, President at Empire.
Britely is an insurance 3.0 platform, offering clients the best product and carrier diversity, innovative technology, and top of the line servicing. Britely encompasses personal lines, specialty commercial lines as well as small group and individual health insurance coverages. Through its subsidiary, Britely Medical Insurance Services, it also provides specialized products and services to the medical community.
For more information on Britely, please visit www.britelyinsure.com
For more information on Empire, please visit www.empirebrokerage.com
FOR BRITELY INSURANCE MEDIA INQUIRIES, PLEASE CONTACT:
Susan Kral
susan@britelyinsure.com
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SOURCE Britely Insurance Inc. | https://www.kxii.com/prnewswire/2022/06/13/britely-insurance-acquire-empire-state-brokerage/ | 2022-06-13T21:32:50Z |
FDA may move up timeline for young children’s COVID-19 vaccine
Published: May. 10, 2022 at 5:49 AM CDT|Updated: 1 hour ago
(CNN) - Children younger than 5 could soon be eligible for a COVID-19 vaccine.
The FDA said the authorization could come before the target of late June.
A spokesperson said the process has taken longer than some expected because it’s a “complex submission” compared to others, including a unique trial period when multiple variants were in circulation.
And because it’s for small children, he said they are under a strong microscope.
According to the Centers for Disease Control and Prevention, only about 35% of children 5 to 11 who are eligible have gotten vaccinated.
Copyright 2022 CNN Newsource. All rights reserved. | https://www.kxii.com/2022/05/10/fda-may-move-up-timeline-young-childrens-covid-19-vaccine/ | 2022-05-10T12:02:57Z |
WASHINGTON, July 12, 2022 /PRNewswire/ -- Urban Alliance, a national nonprofit that connects young people to paid internships, workforce training and career pathways, received a $10 million investment from philanthropist MacKenzie Scott. This is the organization's largest one-time contribution in its 25-year history.
"We are beyond thrilled about this historic and transformative investment. With this funding, Urban Alliance will grow to reach thousands more young people, primarily from communities of color, and give them access to equitable opportunities that will put them on the path to economic mobility," said Elizabeth Lindsey, Urban Alliance CEO. "I'm so grateful to philanthropist MacKenzie Scott for recognizing Urban Alliance's life-changing work and for her innovative and visionary giving that continues to change the nonprofit landscape for the greater good."
Urban Alliance is nationally recognized for having 25 years of unique and valuable experience creating successful and supportive internship experiences for young adults of color with large and small employers across several industries in the Greater Washington, DC area, Baltimore, Chicago, and Detroit. With this investment, Urban Alliance will expand to a fifth city, build out its career pathways internships in high-growth industries, and continue to improve the organization's capacity and infrastructure.
Since 1996, Urban Alliance has connected more than 6,000 young people to paid internships and 23,000 more with workforce training and professional development. Through its flagship High School Internship Program, Urban Alliance connects approximately 500 students annually to paid internship experiences with more than 200 employers across the Greater Washington, DC area, Baltimore, Chicago, and Detroit. Over the course of a year, a high school senior can gain 500 hours of paid work experience and receive 100 hours of skills training, professional development, and mentoring. One hundred percent of UA interns graduate from high school with a post-high school plan, and 88% of students plan to attend college. The results from participating in national Randomized Control Trials (RCT) show that UA's program has a significant positive impact on young people. Only two percent of nonprofits ever conduct an RCT, generally regarded as the gold standard of program evaluation. Visit www.urbanalliance.org and follow us @UrbanAlliance on Twitter, Instagram, and Facebook.
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SOURCE Urban Alliance | https://www.kxii.com/prnewswire/2022/07/12/urban-alliance-receives-10-million-investment-connect-more-young-people-equitable-career-pathways-workforce-training/ | 2022-07-12T20:20:22Z |
The plaintiff, New 42 employee Kevin Ray, alleges that New 42 actively and deliberately promoted racial stereotyping and discrimination through misguided DEI initiatives
Mr. Ray is supported by the Foundation Against Intolerance & Racism
NEW YORK, June 9, 2022 /PRNewswire/ -- The Foundation Against Intolerance & Racism ("FAIR"), the nonpartisan, nonprofit organization dedicated to advancing civil rights and liberties, announced today that Kevin Ray, a theater director supported by FAIR, has filed a lawsuit in the Southern District of New York against his employer, New York theater company The New 42nd Street ("New 42"), alleging racial discrimination and a pervasively hostile work environment.
Since 2015, Mr. Ray has been a Teaching Artist at New 42, where he promotes arts education through theatrical presentations to students in schools throughout New York City. As an employee at New 42, Mr. Ray has suffered from an ongoing hostile work environment resulting from the organization's promotion of segregation, stereotypes based on skin color, and disparaging insults.
The lawsuit alleges nine causes of action, including hostile work environment and discrimination under Title VI and Title VII of the Civil Rights Act of 1964, which prohibit discrimination against anyone, regardless of skin color. Mr. Ray claims New 42 violated those and other laws by segregating employees based on skin color for workplace trainings and repeatedly disparaging employees based on their skin color, including through more than seventy racially-charged emails. According to the complaint, that conduct included the following:
- Claiming "placing White folks in interracial dialogue is like placing pre-algebra students in a calculus class" and "White people need something akin to a remedial course."
- Distributing materials filled with demeaning stereotypes, including that "white" behavior is characterized by "not listening," "denial," "defensiveness," "lack of inquiry," "either/or binary thinking," and "not owning one's white group identity."
- Stereotyping "black" people as incapable of or uninterested in objectivity, perfectionism, and individualism.
- Accusing the "white group" of "replicat[ing] the worst facets of dominant culture."
- Claiming that "whiteness…divides each and all of us from the earth, the sun, the wind, the water, the stars, [and] the animals that roam the earth."
- Berating "white" people for "demanding to be seen as an individual and not as a part of the white group."
- Beginning meetings with employees stating their home address and acknowledging that they live on land stolen from Native American, First Nations and Indigenous peoples.
- On yet another occasion, Mr. Ray received an email demanding that he and other "white" employees make reparation payments to a "black colleague" solely on the basis of their skin color.
Mr. Ray alleges that, despite raising serious concerns with New 42 about its hostile work environment, the organization made no changes and instead, retaliated against him by no longer giving him work as a Teaching Artist. Although Mr. Ray is still employed by New 42, he has been given no meaningful work opportunities since he voiced his concerns.
Bion Bartning, Founder and Executive Director of FAIR, said, "We are deeply troubled by New 42's actions, which not only violate anti-discrimination laws but also are contrary to the ideals of compassionate and pro-human opposition to racism. No matter our skin color, we share 99.9% of our DNA with every human on this planet. As such, we believe that respect for our common humanity is essential to eradicating racism. The positive goals of diversity, equity, and inclusion can and should be furthered through unifying efforts, rather than by shaming or stereotyping based on skin color. Intentional discrimination is the opposite of antiracism. We are proud to support Mr. Ray in standing up for civil rights, and a pro-human approach that centers on our shared humanity."
To learn more, please visit our website to view a short film about Kevin Ray and his experience with New 42.
The Foundation Against Intolerance & Racism is a nonpartisan, nonprofit organization dedicated to advancing civil rights and liberties and promoting fairness, understanding, and humanity. FAIR has nearly one hundred chapters and tens of thousands of members nationwide. For more information, see www.fairforall.org.
MEDIA INQUIRIES
Steve Ginsburg / Matt Harrison
323.892.5559
FAIR@augustco.com
GENERAL INQUIRIES
Leigh Ann O'Neill
leigh-ann.oneill@fairforall.org
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SOURCE Foundation Against Intolerance & Racism | https://www.wibw.com/prnewswire/2022/06/09/theater-director-files-federal-lawsuit-against-new-york-city-theater-company-new-42-racial-discrimination-hostile-work-environment-harassment/ | 2022-06-09T21:26:33Z |
GREENWICH, Conn., July 12, 2022 /PRNewswire/ -- Stone Point Capital LLC, a private equity firm based in Greenwich, Connecticut, focused on financial services and related industries, announced that it held the final closing of its ninth private equity fund, Trident IX, L.P., with more than $9 billion of total commitments, including approximately $500 million in commitments from the General Partner and affiliated entities. Trident IX reached its hard cap, and received strong support from its existing investor base, as well as first-time commitments from a number of leading institutional investors.
"We are grateful to our limited partners for their continued support, particularly throughout the pandemic and other recent global challenges," said Chuck Davis, CEO of Stone Point. "We look forward to continuing the proactive, focused sourcing process that has allowed us to consistently identify compelling investment opportunities for over 20 years."
The Fund began its investment period in September 2021 and has closed on three investments to date, including Businessolver, a provider of employee benefits administration software, Beeline, a workforce management software platform and Tivity, a provider of supplemental benefits to the Medicare Advantage and Medicare Supplement markets.
"We believe that our industry focus, established team and network of long-term relationships will enable Stone Point to continue to deploy capital with best-in-class management teams and create value for our investors," said Jim Carey, a Managing Director of Stone Point.
Debevoise & Plimpton LLP acted as legal counsel for Stone Point in connection with the formation of Trident IX.
Stone Point is an investment firm based in Greenwich, CT, with more than $40 billion of assets under management. Stone Point targets investments in companies in the global financial services industry and related sectors. The firm invests in a number of alternative asset classes, including private equity through its flagship Trident Funds. Stone Point also manages both liquid and private credit funds and managed accounts. In addition, Stone Point Capital Markets supports our firm, portfolio companies and other clients by providing dedicated financing solutions. For more information, please visit www.stonepoint.com.
Contact Information
Mary Catherine Manin
(203) 862-3126
mmanin@stonepoint.com
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SOURCE Stone Point Capital | https://www.kxii.com/prnewswire/2022/07/12/stone-point-capital-closes-trident-ix-with-9-billion-committed-capital/ | 2022-07-12T15:49:58Z |
Three-year-old Alexis Tyler survives on Gerber Lil Crunchies cheese puffs and the chocolate flavor of a specialty nutritional formula called Neocate. Her mother hasn't been able to buy that formula for her since March.
In the next few days, doctors will start the process of admitting Alexis to the hospital to surgically implant a tube into her stomach so her parents can feed her something else.
The baby formula shortage in the United States has meant major stress, inconvenience, and expense for millions of families, but for some children, the hunt for formula has led to the hospital when their families can't consistently find the kind they need.
The problem doesn't seem to be common. According to interviews with children's hospitals around the nation, most infants and children—even those on specialty formulas—have been able to work with nutritionists to find acceptable substitutes. But some haven't yet found something that works for them, or their families can't find it consistently.
Alexis has autism spectrum disorder and refuses to eat any other foods. The formula provides all her nutrition.
"We've had to keep her on formula. She's been on it her whole life," says her mother, Nicole Tyler, who lives in Clinton, Massachusetts.
Alexis normally drinks three sippy cups of the Neocate formula a day. But with her stash of cans dwindling—her mom says she has just two left--Nicole has been more careful about giving it to her.
"If I could tell she's in a mood, like 'I don't want to take this right now' I just wouldn't make one," Nicole says. "I've been trying to ration it a little bit."
Alexis was holding her own on the growth charts, but in the past few weeks, she's lost three pounds, which is 10 percent of her body weight.
Alexis is working with therapists to try to expand the range of foods she'll eat. But so far, she will just play with other foods with utensils. She won't eat them.
"Probably half the day she'll just sit with me and just want to lay down. She doesn't really want to play," says Nicole.
"She's hungry all the time," Nicole says. She doesn't have as much energy as she used to.
Alexis's doctors at UMass Memorial Medical Center have grown so concerned that they could admit her as soon as tomorrow to start the process of surgically implanting a tube into her stomach so her family can feed her.
"When we're bypassing taste, it allows us to pick another option that's available and similar to what she needs," Nicole said.
Nicole says she is heartbroken that they have to take such a drastic step to help their daughter. She says they were trying to get by until the formula was back in stock.
"But at this point, there's no date that it's going to come back into stock. So I was left with no choice but to consider surgery because I have no other way to feed her."
Outrage and distress
There's no way to know exactly how many children have run out of formula options. No one is keeping track.
"I'm sure there are little stories like this going on all over the country," said Dr. Jenifer Lightdale, the pediatric gastroenterologist who is treating Alexis.
In addition to children who need to be admitted to be fed, Lightdale says they are seeing desperate families come to the emergency room when they run out of formula and can't find any more.
"I think most of us have been sort of outraged, I would say, and distressed," she says. "It's like a daily experience right now."
"In terms of numbers, it's hard to say but we certainly, you know, basically having a couple at least every day or two showing up," she says.
Kathy Merrill, a nurse that works with Lightdale, says that even when their families are able switch to a different formula, that switch sometimes has consequences for kids with very specific dietary needs.
She says in about 25 percent of cases they've had to add medications to help with new symptoms caused by the change, such as acid reflux or constipation.
Some children haven't been able to find anything else that works for them.
'What times are we living in?'
Clover Wheatley was tiny when she was born, just 5 pounds. But now, nearly three months later, she's had such a hard time feeding that she only weighs 7 pounds, when she should weigh closer to 10.
She has medical problems that have prevented her from breastfeeding. She was also born with allergies to dairy and soy.
Even when her mom eliminated those foods from her diet, Clover wasn't doing well on her pumped breastmilk, "she just wasn't tolerating it," Savannah said.
The pediatric gastroenterologist who treated Clover at Shawn Jenkins Children's Hospital suggested Neocate, an easily digestible amino acid-based formula that is also hypoallergenic. It doesn't contain dairy or soy.
"They wouldn't send us home with any from the hospital because of the shortage," Savannah said, and after a couple of days, when her family couldn't find any, Clovers doctors tried to switch her to a different formula, called Nutramigen, but the baby couldn't tolerate it.
So Savannah has been spending hours each day scrolling through every Facebook group for families seeking Neocate and the family has friends across the country looking for them. They've driven to drugstores 45 minutes away from their home, even after they've called first, just to be sure the store is really out.
"No stores sell it. It's like impossible to find people who do sell it. They don't have it in stock," Savannah says.
For a while, they were able to buy it directly from Nutricia, the manufacturer, but the company has run out of stock, though a message on their website says it will be in stock soon.
Nutricia did not immediately respond to CNN's telephone inquiry to find out more about their supply issues.
The family has just a few cans left. Clover was recently admitted to the hospital for the third time with a viral infection and a diagnosis of failure to thrive, because she just isn't eating enough. After all the formula switches, her mom says she's just refusing to eat.
Savannah says she doesn't know if they'd be in the hospital right now if they could find enough formula for their daughter.
"A lot of the recommendations that we've been giving to families [to get through the shortage] work for most, but not all," says Dr. Elizabeth Mack, chief of pediatric critical care at Shawn Jenkins. "Children that have significant malabsorption issues requiring extensively hydrolyzed or amino acid-based formulas... there's no store brand for that," Mack says.
Two days ago, Clover had a gastrostomy tube, or G-tube, surgically placed directly into her stomach so her parents could feed her more easily.
"We were kind of pushed by doctors to do a G-tube to basically help her get the nutrition that she can't take by mouth, or just to give her more nutrition in general," Savannah says.
Now they have a prescription for formula, which is a relief, but the company that will supply it to them can't guarantee they'll be able to get Neocate. They've only promised to supply one of three possible options.
"Neocate is the only formula that she's consistently taken," Savannah says. "Our biggest thing right now is really not knowing what to do if we go home and don't have the Neocate."
She says they don't know if she'll be able to tolerate other formulas. The G-tube will help, but they're worried that if they can't consistently get the same kind of formula, Clover won't learn to bottle feed well, which will just prolong her feeding difficulties.
"What times are we living in right now?" she says. "It feels very bizarre to be honest."
A continuing crisis
A doctor at Le Bonheur Children's Hospital in Memphis, Tennessee, says he admitted two young patients -- a toddler and a preschooler -- because the specialty formula they need is out of stock and they haven't been able to tolerate any replacements.
The toddler, who had been in the hospital for about a week, was discharged Tuesday. The preschooler, who was admitted in April, remains in the hospital, according to a hospital spokesperson.
"It's been a crisis since February of shifting and trying to sift through and figure something else to work," Dr. Mark Corkins, a pediatric gastroenterologist at the hospital who is treating the patients, told CNN in a telephone interview.
Corkins specializes in treating problems with digestion and absorption. He says he has between 15 and 20 patients that his team is working closely with to find solutions to the formula shortage.
Both of the children hospitalized in Memphis have short bowel syndrome and can't absorb full-size proteins. The condition is rare, affecting about 25 out of every 100,000 newborns.
They rely on a formula made of amino acids, the building blocks of proteins. These broken-down proteins don't have to be digested; they can just be absorbed by the gut.
Formula maker Abbott produced about 80% of the specialty formula they need, a brand called EleCare. When its Sturgis, Michigan, production plant shut down in February, patients on that formula were switched to those made by smaller suppliers, and now those stocks have run out too, Corkins said.
He said they tried to use other kinds of formulas, made with chopped-up proteins, but it didn't work. The kids couldn't tolerate them and became dehydrated.
"In the hospital, we give them IV fluids, and the other thing we give them is IV nutrition. That's not ideal," he said. The doctors want to feed these children by mouth so they can use their gut. The more they use their gut, the more it develops.
Corkins says both children are otherwise healthy enough to be at home. They were hospitalized so they could be fed.
Calling for long term solutions
"While all U.S. hospitals use infant formula and accessories, especially those with birthing and pediatric units, children's hospitals are more likely to use specialty formulas that meet the unique nutritional needs of the sickest infants and children. Many of these families must go to the hospital as a last resort for their child to be fed intravenously," the Children's Hospital Association said in a written statement.
The problem has become so serious that on Wednesday, President Joe Biden invoked the Defense Production Act to compel companies that make ingredients for baby formula to prioritize delivery of those supplies to formula manufacturers. The administration also plans to use government contracted cargo planes to fly formula in from other countries.
The Children's Hospital Association said they were encouraged by these steps and were cautiously optimistic that these efforts will ease the crisis and ensure the safe feeding of the nation's children.
"We also need long term solutions to avoid future crises. We continue to work with the FDA and manufacturers to identify and employ strategies to avoid future shortages and to ensure that the most vulnerable patients receive the critical nutritional supplements necessary to their treatment," the statement said.
The-CNN-Wire
™ & © 2022 Cable News Network, Inc., a WarnerMedia Company. All rights reserved. | https://www.albanyherald.com/features/health/desperate-families-turn-to-hospitals-when-their-hunt-for-formula-comes-up-dry/article_edaeb043-59fe-5663-8767-a78621a8cd18.html | 2022-05-19T12:48:45Z |
Expands Automation Capabilities in Medical Device and Life Sciences
NEW YORK, Aug. 23, 2022 /PRNewswire/ -- Arsenal Capital Partners ("Arsenal"), a private equity firm that specializes in investments in industrial growth and healthcare companies, today announced that it has completed an investment in Innovative Products & Equipment, Inc. ("Innovative"), which it will combine with Eckhart, Inc. ("Eckhart") to build a leading automation solutions provider serving highly complex applications in high-growth end markets. The terms of the Innovative acquisition were not disclosed.
Innovative, an automation solutions provider which focuses on the medical device and life sciences markets, represents Arsenal's second investment in the automation sector, following the acquisition of Eckhart in December 2021. Together, Innovative and Eckhart will provide specialized automation solutions, including Factory of the Future (design simulation) services, single & multi-cell automation systems, and fully automated assembly lines, as well as automation technologies, including Autonomous Guided Vehicles ("AGVs"), Autonomous Mobile Robots ("AMRs"), thermal bonders, servo presses, and semi-automated tooling.
"We are excited to work with the Innovative team to enhance our delivery of advanced, end-to-end automation capabilities for our customers," said Andy Storm, CEO of Eckhart. "Rich, Eric, Dale, Kevin, and the rest of the Innovative team have developed a reputation in the medical device and life sciences markets for solving mission-critical issues for their customers, and we believe joining forces will position us well for our next phase of growth."
Rich Brownstein, Principal and Co-President of Innovative, stated, "We are thrilled to partner with Arsenal, Andy, and the Eckhart team. The scale, capabilities, and resources that we can provide as a combined company will allow us to strategically accelerate growth as we support our global customer base with higher productivity, efficiency, and precision. Arsenal's reputation and experience investing in innovation-forward industrial technology and healthcare companies gives us confidence in the future growth prospects of our industry and company."
Sal Gagliardo, an Operating Partner of Arsenal, added, "Innovative is the latest example of our commitment to invest significant capital behind the substantial growth in automation and expand our presence in attractive, specialized end markets, such as medical device and life sciences."
SVB Securities served as exclusive financial advisor and Ruberto, Israel & Weiner P.C. served as legal advisor to Innovative on this transaction.
Harris Williams LLC served as financial advisor and Kirkland & Ellis LLP served as legal advisor to Arsenal and Eckhart.
About Innovative Products & Equipment
Founded in 1980 and headquartered in Hudson, New Hampshire, Innovative provides complex automation and product & process development solutions to blue-chip customers in specialized markets, with a focus on medical device and life sciences. Innovative's technologies and solutions include automated assembly and test systems, machine vision solutions, integrated robotics, and engineering services. For additional information, please visit www.ipeinc.com.
About Eckhart
Eckhart, based in Warren, Michigan, designs, builds, and sustains advanced industrial solutions used to solve complex manufacturing needs. Eckhart's proven portfolio of Industry 4.0 technology includes autonomous guided vehicles (AGVs), collaborative robot systems, traditional robotics, assembly automation & simulation, 3D printing tool development & production, and Factory of the Future consulting for the world's largest manufacturers. For more information, please visit www.eckhartusa.com.
About Arsenal Capital Partners
Arsenal Capital Partners is a leading private equity firm that specializes in investments in industrial growth and healthcare companies. Since its inception in 2000, Arsenal has raised institutional equity investment funds totaling over $10 billion, completed more than 250 platform and add-on acquisitions, and achieved more than 30 realizations. The firm works with management teams to build strategically important companies with leading market positions, high growth, and high value-add. For additional information, please visit www.arsenalcapital.com.
Contact for Arsenal:
Jackie Schofield at Prosek Partners
Pro-Arsenal@prosek.com
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SOURCE Arsenal Capital Partners | https://www.kxii.com/prnewswire/2022/08/23/arsenal-capital-partners-acquires-innovative-products-amp-equipment-its-second-investment-build-leading-automation-solutions-business/ | 2022-08-23T12:09:55Z |
STOCKHOLM, July 15, 2022 /PRNewswire/ -- Ericsson (NASDAQ: ERIC) today announced that it has received clearance from the Committee on Foreign Investments in the United States (CFIUS) to complete its acquisition of Vonage Holdings Corp. (NASDAQ: VG) ("Vonage"). This represents the final requisite approval to complete the deal. The parties now expect the Merger to close no later than July 21, 2022, as provided for in the Merger Agreement.
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ABOUT ERICSSON
Ericsson enables communications service providers to capture the full value of connectivity. The company's portfolio spans the business areas Networks, Cloud Software and Services, Enterprise Wireless Solutions, and Technologies and New Businesses. It is designed to help our customers go digital, increase efficiency and find new revenue streams. Ericsson's innovation investments have delivered the benefits of mobility and mobile broadband to billions of people globally. Ericsson stock is listed on Nasdaq Stockholm and on Nasdaq New York. www.ericsson.com
Forward-looking statements
This release includes forward-looking statements, including statements reflecting management's current views relating to the growth of the market, future market conditions, future events, financial condition, and expected operational and financial performance, including, in particular the following:
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Important factors that could affect whether and to what extent any of our forward-looking statements materialize include, but are not limited to, the factors described in the section "Risk Factors" in the latest interim report, and in "Risk Factors" in the Annual Report 2021.
These forward-looking statements also represent our estimates and assumptions only as of the date that they were made. We expressly disclaim a duty to provide updates to these forward-looking statements, and the estimates and assumptions associated with them, after the date of this release, to reflect events or changes in circumstances or changes in expectations or the occurrence of anticipated events, whether as a result of new information, future events or otherwise, except as required by applicable law or stock exchange regulations.
This is information that Telefonaktiebolaget LM Ericsson is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, at 07:00 pm CEST on July 15, 2022.
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SOURCE Ericsson | https://www.wibw.com/prnewswire/2022/07/15/ericsson-receives-regulatory-approval-complete-acquisition-vonage/ | 2022-07-15T05:52:50Z |
NEW ORLEANS, June 17, 2022 /PRNewswire/ -- ClaimsFiler, a FREE shareholder information service, reminds investors that they have until August 15, 2022 to file lead plaintiff applications in a securities class action lawsuit against Unilever PLC (NYSE: UL), if they purchased the Company's American Depositary Receipts ("ADRs") between September 2, 2020 and July 21, 2021, inclusive (the "Class Period"). This action is pending in the United States District Court for the Southern District of New York.
Unilever investors should visit us at https://claimsfiler.com/cases/nyse-ul/ or call toll-free (844) 367-9658. Lawyers at Kahn Swick & Foti, LLC are available to discuss your legal options.
Unilever and certain of its executives are charged with failing to disclose material information during the Class Period, violating federal securities laws.
On July 19, 2021, the Company's wholly owned subsidiary, Ben & Jerry's, announced a resolution to end sales of its ice cream in "Occupied Palestinian Territory" upon the expiration of the current licensing agreement by which its products had been distributed in Israel for decades. Then, on July 22, 2021, media sources reported that the states of Texas and Florida were investigating Ben & Jerry's actions for possible violations of the states' Anti-BDS (boycotts, divestment, and sanctions of Israel) legislation.
On this news, ADRs of Unilever fell $3.19 per share, or approximately 5.4%.
The case is City of St. Clair Shores Police and Fire Retirement System v. Unilever PLC, et al., No. 22-cv-05011.
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.mysuncoast.com/prnewswire/2022/06/18/unilever-shareholder-alert-claimsfiler-reminds-investors-with-losses-excess-100000-lead-plaintiff-deadline-class-action-lawsuit-against-unilever-plc-ul/ | 2022-06-18T04:18:06Z |
LOS ANGELES, June 1, 2022 /PRNewswire/ -- The Law Offices of Frank R. Cruz continues its investigation of GoodRx Holdings, Inc. ("GoodRx" or the "Company") (NASDAQ: GDRX) on behalf of investors concerning the Company's possible violations of federal securities laws.
If you are a shareholder who suffered a loss, click here to participate.
On May 9, 2022, after the market closed, GoodRx announced its first quarter 2022 financial results and withdrew its fiscal 2022 guidance. In its shareholder letter, the Company stated that "a grocery chain had taken actions that impacted acceptance of discounts from most PBMs for a subset of drugs." The Company expects "the grocer issue . . . could have an estimated revenue impact of roughly $30 million [and] will be ongoing without amelioration through Q2." As a result, GoodRx "believe[s] it is unlikely [it] will be able to achieve the FY 2022 guidance" previously provided.
On this news, GoodRx's stock fell $2.78, or 25.9%, to close at $7.97 on May 10, 2022, thereby injuring investors.
Follow us for updates on Twitter: twitter.com/FRC_LAW.
If you purchased GoodRx securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Frank R. Cruz, of The Law Offices of Frank R. Cruz, 1999 Avenue of the Stars, Suite 1100, Los Angeles, California 90067 at 310-914-5007, by email to info@frankcruzlaw.com, or visit our website at www.frankcruzlaw.com. If you inquire by email please include your mailing address, telephone number, and number of shares purchased.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
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SOURCE The Law Offices of Frank R. Cruz, Los Angeles | https://www.wibw.com/prnewswire/2022/06/01/law-offices-frank-r-cruz-continues-its-investigation-goodrx-holdings-inc-gdrx-behalf-investors/ | 2022-06-01T23:26:19Z |
FIFA picks 2026 World Cup cities, predicts US `No 1 sport’
NEW YORK (AP) — The 16 cities of the first World Cup spread across three nations were revealed, and FIFA President Gianni Infantino made a bold statement summing up the goal of the 2026 tournament, to be played largely in the United States.
“By 2026, soccer — or futbol — will be the No. 1 sport in this part of the world,” he proclaimed.
Roughly four years before soccer’s showcase comes to the U.S., Mexico and Canada, there already were winners and losers Thursday: Atlanta, Houston, Miami, Philadelphia, Seattle and Kansas City, Missouri, were among the cities picked after missing out on hosting the 1994 tournament.
Baltimore, Cincinnati, Denver, Nashville, Tennessee, and Orlando, Florida, missed the cut.
Eleven U.S. stadiums were taken, all from the NFL. Arlington, Texas; East Rutherford, New Jersey; Foxborough, Massachusetts, and Inglewood and Santa Clara, California, were holdover areas from the 1994 tournament that boosted soccer’s American prominence.
Mexico City’s Estadio Azteca, which hosted the 1970 and ‘86 finals, will become the first stadium in three World Cups, selected along with Guadalajara’s Estadio Akron and Monterrey’s Estadio BBVA.
Toronto’s BMO Field and Vancouver, British Columbia’s BC Place were picked for Canada’s first time hosting, while Edmonton, Alberta’s Commonwealth Stadium was dropped.
Following the withdrawl of outmoded FedEx Field in Landover, Maryland, Baltimore’s omission means this will be a rare World Cup with no matches in the vicinity of a host’s capital.
“You can’t imagine a World Cup coming to the U.S., the capital city not taking a major role,” said Colin Smith, FIFA’s chief competitions and events officer.
Infantino promised a fan fest on Washington’s National Mall, and locations across the three nations are in play for training sites.
“The story is always who doesn’t get chosen,” U.S. Soccer Federation President Cindy Parlow Cone said.
Infantino’s goal of reaching the top of U.S. sports appears to be quite a reach. The NFL averaged 17.1 million viewers for television and digital during its 2021 season, while the 2018 World Cup averaged 5.04 million on U.S. English- and Spanish-language TV.
“You are leading the world in many areas,” Infantino said about North America, “the objective must be that you will be leading the world, as well, in the world’s No. 1 sport.”
“I know it was giggles and laughs,” North and Central American and Caribbean Confederation President Victor Montagliani said. “He wasn’t joking.”
Infantino defended FIFA’s financial demands on bidding cities and states, which included sales tax exemptions. He said World Cup revenue supports FIFA’s 211 members and 75% could not sustain operations without the money.
“This is something which is definitely a fair compromise, taking into the account the interest of sport and the interests of the host countries,” he said.
The 1994 tournament set records with a 3.59 million total attendance and average of 68,991. The capacities of the U.S. stadiums for 2026 are all 60,000 and higher.
“I think this part of the world doesn’t realize what will happen here in 2026,” Infantino said. “These three countries will be upside down. The world will be invading Canada, Mexico and the United States.”
The bid plan selected in 2018 envisioned 60 games in the U.S. for the first 48-nation Cup, including all from the quarterfinals on, and 10 each in Mexico and Canada.
Specific sites for each round will be announced later, and Infantino said world-wide television times will be a factor for the final, which makes the Eastern and Central times zones more likely. FIFA has gradually moved back the kickoff time of the final from 3:30 p.m. EDT to 10 a.m. EDT for this year’s tournament, which is 10 p.m. in Beijing.
The U.S. selections included none of the nine stadiums used in 1994. The Rose Bowl in Pasadena, California, and Orlando’s Camping World Stadium were the only ones remaining in contention, and they were among the sites dropped in negotiations with stadiums and cities that continued until right before the announcement.
New stadiums were selected in five areas used in 1994. AT&T Stadium in Texas instead of Dallas’ Cotton Bowl, SoFi Stadium in Inglewood for the Rose Bowl and Levi’s Stadium for Stanford Stadium.
Met Life Stadium in East Rutherford, New Jersey, and Gillette Stadium in Foxborough, Massachusetts, replaced torn-down sites that were adjacent, Giants Stadium and Foxboro Stadium.
Three U.S. venues have retractable roofs and Atlanta has a fixed roof. All of the U.S. stadiums but Miami and Kansas City opened in 2002 or later.
Venues have a broader array of pricey seats than in 1994 — the bid book listed a total of 3,757 luxury suites and 76,317 club seats, even before the opening of SoFi, which hosted this year’s Super Bowl.
Eight of the 11 U.S. stadiums have artificial turf and promised to install temporary grass. Dietmar Exler, chief operating officer of AMB Sports & Entertainment, whose NFL Falcons and Major League Soccer team play at Mercedes-Benz, said growing lamps will be used.
“We will study very carefully with FIFA how we can handle and make sure we have the best natural turf available,” he said. “That’s one of the high priority areas for us to focus on.”
Some venues, notably SoFi, cannot currently fit a 68-x-105 meter (75x-115 yard) field and would need renovations to remove seats near sidelines. FIFA made similar demands ahead of 1994 but backed off and allowed some narrower surfaces.
“We have to move out some of the pinch points,” Smith said. “It doesn’t have any material aspect on capacity.”
The Detroit area, where the old Pontiac Silverdome hosted games, was cut in 2018 and Baltimore’s M&T Bank Stadium was the capital area’s contender after FedEx dropped out in April. Washington’s RFK Stadium was used in 1994.
Chicago, which hosted the 1994 opener at Solider Field, refused to bid, citing FIFA’s demands.
In contrast to the 1992 site announcement during a news conference, the 2026 announcement was made during a show broadcast from Fox’s studio in Manhattan.
“It’s grown so much in my lifetime,” U.S. star Christian Pulisic said, “and I’m hoping that it can even take that next step.”
___
AP Sports Writer Charles Odum in Atlanta contributed to this report.
More AP soccer: https://apnews.com/hub/soccer and https://twitter.com/AP_Sports
Copyright 2022 The Associated Press. All rights reserved. | https://www.wibw.com/2022/06/17/fifa-picks-2026-world-cup-cities-predicts-us-no-1-sport/ | 2022-06-17T05:42:08Z |
BEIJING, Sept. 7, 2022 /PRNewswire/ -- "Hello, everyone. I'm out of the module. I'm feeling good," Chinese Taikonauts Chen Dong said when he kicked off his spacewalk last week.
Chen and fellow Shenzhou-14 crew member Liu Yang completed all six-hour-long extravehicular tasks on Friday (September 2), marking the fifth spacewalk outside China's space station and the first out of the newly-launched Wentian lab module.
Since 2020, China has successfully carried out a series of flight mission, including the space station core module Tianhe, the Shenzhou-12 and Shenzhou-13 manned spacecraft, and the Tianzhou-2 and Tianzhou-3 cargo spacecraft, achieving remarkable progress in China's space program.
Not only in aerospace, for the past decade, Chinese scientists are striving for breakthroughs in core technologies echoing President Xi Jinping's call for resolute efforts to achieve breakthroughs in core technologies in key fields.
On Tuesday, Xi stressed improving a new system for mobilizing the resources nationwide to the core technologies research and development (R&D) while presiding over the 27th meeting of the Central Commission for Comprehensively Deepening Reform.
China should optimize the allocation of innovation resources based on the country's strategic needs, strengthen the country's strategic scientific and technological strength, greatly improve the systematic ability to tackle key scientific and technological problems, and cultivate competitive advantages and seize the strategic initiative in a number of important areas, Xi noted.
Mastering core technologies
"Core technologies cannot be purchased, or obtained by asking a favor from others or by begging," Xi said during an inspection tour at Xi'an Institute of Optics and Precision Mechanics in 2015.
Since 2012, the Chinese president has highlighted the importance of scientific innovation and mastering core technology. Inspired by Xi, a large number of core technologies have made breakthroughs, making great strides toward the grand goal of China becoming a global leading power in science and technology.
The R&D in core technologies addresses major national needs. Cutting-edge solutions supported the implementation of major infrastructure projects such as the Hong Kong-Zhuhai-Macao Bridge and the Sichuan-Tibet Railway. The clean and efficient utilization of seabed oil and gas resources and coal, as well as the development of new-generation nuclear technologies, are vital to guaranteeing national energy security.
During COVID-19 epidemic, China has achieved a number of breakthroughs in vaccines, drugs and testing reagents. The number of approved new Class-I drugs in China has increased from five before 2012 to the current 79.
There are also a number of achievements with global influence. For instance, China has made the world's first observation of the three-dimensional quantum Hall effect and the controlled folding of graphene with atomic-level precision, and developed the world's first heterogeneous fusion brain-like computing chip "Tianji."
Opening wider to the world
Last year, China announced to open its Five-hundred-meter Aperture Spherical Radio Telescope (FAST), the world's largest filled-aperture and most sensitive radio telescope, to all scientists. Till June, the FAST has provided observation service to 27 scientific projects in 14 countries around the world.
The opening of FAST is one of the examples demonstrating that China is seriously expanding the circle of friends in science and technology.
Addressing a meeting conflating the general assemblies of the members of the Chinese Academy of Sciences and the Chinese Academy of Engineering (CAE), and the national congress of the China Association for Science and Technology (CAST) last year, Xi has called on Chinese sci-tech workers to promote openness, trust and cooperation with the international sci-tech community, actively participate in solving the major challenges facing mankind, and strive to promote the achievements of science and technology innovation to benefit more countries and people.
According to the Chinese Ministry of Science and Technology, China has built cooperative relations in the sci-tech field with 161 countries and regions, signed 115 intergovernmental agreements and joined more than 200 international organizations and multilateral mechanisms.
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SOURCE CGTN | https://www.wibw.com/prnewswire/2022/09/07/cgtn-why-china-is-speeding-up-research-core-technologies/ | 2022-09-07T15:10:34Z |
SEATTLE, May 16, 2022 /PRNewswire/ -- Weyerhaeuser Company (NYSE: WY) today announced the appointment of David M. Wold as senior vice president and chief financial officer, effective immediately. Wold has served as vice president and chief accounting officer since May 2019, and he replaces Nancy Loewe, who is leaving the company.
"Davie has demonstrated outstanding leadership since joining Weyerhaeuser in 2013," said Devin W. Stockfish, president and chief executive officer. "He brings 20 years of strong accounting, financial and strategic acumen to the role, and we are excited to welcome his experience and energy to our senior management team."
"I'm honored to step into this role at such an exciting time in the company's history," Wold said. "Weyerhaeuser is well-positioned to capitalize on a number of favorable demand drivers supporting our businesses, and I'm excited to work with our Finance organization to advance our investment thesis and drive superior shareholder returns in the years to come."
ABOUT DAVID M. WOLD
David M. Wold has been vice president and chief accounting officer since May 2019. Wold joined Weyerhaeuser in November 2013 and has held a series of accounting and finance leadership roles with increasing responsibility, including serving as Corporate Controller from March 2018 to May 2019. Prior to joining the company, Wold served as vice president of finance for Verdiem Corporation, a privately held technology company, from September 2011 to November 2013, and he previously spent nine years with the accounting firm of KPMG. Wold earned a bachelor of arts in business and finance and a bachelor of science in accounting from George Fox University, and he is a certified public accountant in the state of Washington.
ABOUT WEYERHAEUSER
Weyerhaeuser Company, one of the world's largest private owners of timberlands, began operations in 1900. We own or control approximately 11 million acres of timberlands in the U.S. and manage additional timberlands under long-term licenses in Canada. We manage these timberlands on a sustainable basis in compliance with internationally recognized forestry standards. We are also one of the largest manufacturers of wood products in America. Our company is a real estate investment trust. In 2021, we generated $10.2 billion in net sales and employed approximately 9,200 people who serve customers worldwide. Our common stock trades on the New York Stock Exchange under the symbol WY. Learn more at www.weyerhaeuser.com.
For more information contact:
Analysts – Andy Taylor, 206-539-3907
Media – Nancy Thompson, 919-861-0342
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SOURCE Weyerhaeuser Company | https://www.wibw.com/prnewswire/2022/05/16/weyerhaeuser-appoints-david-m-wold-chief-financial-officer/ | 2022-05-16T13:17:13Z |
MEXICO CITY (AP) — Tropical Storm Frank continued weakening Monday well off Mexico’s Pacific coast after reaching hurricane strength over the weekend.
The U.S. National Hurricane Center said Frank’s maximum sustained winds had slowed to 50 mph (85 kph) by midafternoon. It was moving northwest at 12 mph (19 kph). It was located 860 miles (1,380 kilometers) west of the southern tip of Baja California and posed no threat to land.
Frank is forecast to continue weakening in the coming days. | https://cw33.com/news/international/ap-international/tropical-storm-frank-weakening-off-mexicos-pacific-coast/ | 2022-08-01T23:20:16Z |
Troops who defended Mariupol steel mill registered as POWs
KYIV, Ukraine (AP) — Amid fear of Russian reprisals, hundreds of Ukrainian fighters who surrendered after enduring the merciless assault on Mariupol’s steel factory were registered as prisoners of war, and the Ukrainian president vowed to seek international help to save them.
The International Committee of the Red Cross said Thursday that it had gathered personal information from hundreds of the soldiers — name, date of birth, closest relative — and registered them as prisoners as part of its role in ensuring the humane treatment of POWs under the Geneva Conventions.
Amnesty International said in a tweet that the POW status means that the soldiers “must not be subjected to any form of torture or ill-treatment.”
More than 1,700 defenders of the Azovstal steel plant in Mariupol have surrendered since Monday, Russian authorities said, in what appeared to be the final stage in the nearly three-month siege of the now-pulverized port city.
WARNING: Some videos used may contain graphic content.
At least some of the fighters were taken by the Russians to a former penal colony in territory controlled by Moscow-backed separatists. Others were hospitalized, according to a separatist official.
But an undisclosed number remained in the warren of bunkers and tunnels in the sprawling plant.
In a brief video message, the deputy commander of the Azov Regiment, which led the defense of the steel mill, said he and other fighters were still inside.
“An operation is underway, the details of which I will not announce,” Svyatoslav Palamar said.
President Volodymyr Zelenskyy pledged to seek the world’s help.
“I am doing everything I can so that the most influential international forces are informed and, as much as possible, involved in saving our troops,” he said.
While Ukraine expressed hope for a prisoner exchange, Russian authorities have threatened to investigate some of the Azovstal fighters for war crimes and put them on trial, branding them “Nazis” and criminals.
The Azov Regiment’s far-right origins have been seized on by the Kremlin as part of an effort to cast Russia’s invasion as a battle against Nazi influence in Ukraine.
Meanwhile, in the first war crimes trial held by Ukraine, a captured Russian soldier testified that he shot an unarmed civilian in the head on an officer’s orders, and he asked the victim’s widow to forgive him. The soldier pleaded guilty earlier in the week, but prosecutors presented the evidence against him in line with Ukrainian law.
Two other Russian soldiers appeared in court Thursday in the Poltava region on war-crimes charges that they shelled civilians. Prosecutors said both pleaded guilty. The next court session in their case was set for May 26.
Also, more U.S. aid appeared to be on its way to Ukraine when the Senate overwhelmingly approved a $40 billion package of military and economic aid for the country and its allies. The House voted for it last week. President Joe Biden’s quick signature was certain.
“Help is on the way, really significant help. Help that could make sure that the Ukrainians are victorious,” Senate Majority Leader Chuck Schumer said.
Taking the Azovstal steel plant would allow Russia to claim complete control of Mariupol and secure a long-sought victory. But it would be a mostly symbolic victory at this point, since the city is already effectively in Moscow’s hands, and analysts say most of the Russian forces that were tied down by the battle there have already left.
Kyiv’s troops, bolstered by Western weapons, thwarted Russia’s initial goal of storming the capital, Kyiv, and have put up stiff resistance against Moscow’s forces in the Donbas, the eastern industrial region that President Vladimir Putin has set his sights on capturing.
The surprising success of Ukraine’s troops has buoyed Kyiv’s confidence.
Mykhailo Podolyak, an adviser to Zelenskyy who was involved in several rounds of talks with Russia, said in a tweet addressed to Moscow: “Do not offer us a cease-fire — this is impossible without total Russian troops withdrawal.”
“Until Russia is ready to fully liberate occupied territories, our negotiating team is weapons, sanctions and money,” he wrote.
Russia, though, again signaled its intent to incorporate or at least maintain influence over areas its troops have seized.
Deputy Prime Minister Marat Khusnullin this week visited the Kherson and Zaporizhzhia regions, large parts of which have been under the control of Russian forces since shortly after the invasion began in February. He was quoted by Russian news agencies as saying the regions could become part of “our Russian family.”
Also, Volodymyr Saldo, the Kremlin-installed head of the Kherson region, appeared in a video on Telegram saying Kherson “will become a subject of the Russian Federation.”
In other developments, Gen. Mark Milley, chairman of the U.S. Joint Chiefs of Staff, spoke by phone on Thursday with his Russian counterpart for the first time since the war began, and they agreed to keep the lines of communications open, the Pentagon said.
On the battlefield, Ukraine’s military said Russian forces pressed their offensive in various sections of the front in the Donbas but were being repelled. The governor of the Luhansk region said Russian shelling killed four civilians, while separatist authorities in Donetsk said Ukrainian shelling killed two.
Zelenskyy said 12 people were killed and dozens more wounded in the city of Severodonetsk, and attacks on the northeastern Chernihiv region included a severe strike on the village of Desna, where many more died and rescuers were still going through the rubble.
On the Russian side of the border, the governor of Kursk province said a truck driver was killed by shelling from Ukraine.
At the war crimes trial in Kyiv, Sgt. Vadim Shishimarin, a 21-year-old member of a Russian tank unit, told the court that he shot Oleksandr Shelipov, a 62-year-old Ukrainian civilian, in the head on orders from an officer.
Shishimarin said he disobeyed a first order but felt he had no choice but to comply when it was repeated by another officer. He said he was told the man could pinpoint the troops’ location to Ukrainian forces.
A prosecutor has disputed that Shishimarin was acting under orders, saying the direction didn’t come from a direct commander.
Shishimarin apologized to the victim’s widow, Kateryna Shelipova, who described seeing her husband being shot just outside their home in the early days of Russia’s invasion.
She told the court that she believes Shishimarin deserves a life sentence, the maximum possible, but that she wouldn’t mind if he were exchanged as part of a swap for the Azovstal defenders.
___
McQuillan reported from Lviv. Associated Press journalists Yuras Karmanau in Lviv, Andrea Rosa in Kharkiv, and Aamer Madhani in Washington and other AP staffers around the world contributed.
___
Follow AP’s coverage of the war in Ukraine: https://apnews.com/hub/russia-ukraine
Copyright 2022 The Associated Press. All rights reserved. | https://www.mysuncoast.com/2022/05/20/troops-who-defended-mariupol-steel-mill-registered-pows/ | 2022-05-20T05:07:02Z |
Shlomit Harth will help define and communicate Tenurex's revolutionary vision for correspondent banking services
TEL AVIV, Israel , Aug. 3, 2022 /PRNewswire/ -- Israeli fintech startup TenureX has appointed Shlomit Harth, board member of Meitav, and former Gartner Vice President as an Advisory board member to help develop strategy and communicate the value of the company's disruptive technology evolution to the Financial Community.
The company believes that Shlomit will play a crucial role in advising on TenureX's branding and long-term marketing strategy. Using her expertise, she is well positioned to help Tenurex shape and communicate the narrative around TenureX's "correspondent banking in a box" platform, reviving a once-moribund industry by slashing the cost, complexity, and risk of partnering with correspondent banks.
Shlomit Harth brings three decades of experience in the technology and fintech industries, including nearly 20 years as a senior executive at Gartner, where she was Vice President and Israel Country Manager. Since leaving Gartner in 2019, Harth has been an active angel investor specializing in seed-stage technology startups; she is also Venture Partner at TPY Capital.
"Getting Shlomit on board is a real coup for TenureX, especially at such a crucial early stage in our story," said Izhar Arieli, co-founder, and CEO of TenureX. "When we founded the company in 2020, we were four banking industry veterans who realized that correspondent banking was broken and had a plan to fix it. But that's only half the battle - we needed someone skilled at storytelling, with unrivaled contacts throughout the industry, and who knows how to engage financial institutions and get them passionate about the new opportunities that digital technology affords."
"At TenureX, hiring the most talented people is built into our DNA, and Shlomit stands head and shoulders above everyone else," continued Arieli. "Not only has she spent two decades building partnerships at Gartner, but she is one of only a handful of senior executives that helped define new categories of technology verticals.
"It's an open secret In the financial services industry that correspondent banking is broken," said Shlomit Harth. "The continued reliance on legacy technology makes it incredibly complex and risky for financial institutions to partner with correspondent banks and prevents them from expanding into new markets and developing new international revenue streams."
"I was deeply impressed by TenureX's technology and its vision of embedding full, end-to-end data into every transaction, making it easy for financial institutions to make intelligent, strategic, and compliant decisions. Above all, I love the chutzpah: Izhar and the team know they're doing something unique and valuable; I look forward to a fruitful collaboration and company success."
About TenureX
TenureX was founded in 2020 by four banking experts with a wide variety of industry experience.
They know first-hand the frustrations and missed opportunities faced by non-bank financial institutions as they struggle to work together, and are passionate about making things simpler for everyone in correspondent banking.
The TenureX vision is to democratize correspondent banking by moving away from subjective, rigid, bilateral, relationship banking. Instead the company is building objective, streamlined, multilateral, transaction-based relationships.
For further information:
Izhar Arieli - CEO and Co-founder
Phone
+ 972 (0) - 73 – 326-0303 (ISR)
+1- 605 – 836-8739 (USA)
Email: izhar@tenurex.com
Photo - https://mma.prnewswire.com/media/1871833/TenureX_Shlomit_Harth.jpg
Logo - https://mma.prnewswire.com/media/1838172/TenureX_Logo.jpg
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VANCOUVER, BC, Sept. 8, 2022 /PRNewswire/ - Montage Gold Corp. ("Montage" or the "Company") (TSXV: MAU) (OTCQX: MAUTF) is pleased to announce that on September 6, 2022, the Ivorian Council of Ministers approved the award of the Gbongogo and Sisséplé Exploration Permits to the Mankono-Sissédougou Joint Venture ("Mankono"). Public disclosure of these awards can be viewed at the following url: https://rti.info/politique/13686. This marks a critical step in the process towards closing of the previously announced acquisition of Mankono by Montage (the "Transaction", see press release dated June 8, 2022, for more details). Montage expects to close the Transaction in the coming weeks, following receipt of the signed Presidential decree in respect of the Gbongogo Exploration Permit. With the granting of the Mankono permits now approved, Montage is pleased to provide disclosure of the extensive historic database of results from Mankono for the first time, as well as details of the Company's exploration plans and strategy.
- Mankono exploration permits approved by Government of CDI
- 14 drill-ready targets; initial 25,000m of drilling planned
- Transaction will expand Koné Gold Project ("KGP")
- Gbongogo prospect gives high-grade head start 30km from Koné deposit
- 135.2m at 2.63g/t from 1m
- 92m at 2.99g/t from 33m
- 77m at 2.48g/t from 61m
- Open in all directions
- Other top priority targets with high-grade drill results, include:
Rick Clark, Montage CEO commented, "We are very pleased to have received notice of the approval of the Mankono exploration permits and look forward to closing the Transaction with Barrick and Endeavour upon receipt of the Presidential decree. We very much appreciate the support of the Government of Côte d'Ivoire towards accomplishing this.
"With the addition of Mankono, our consolidated land position grows to more than 2,250km2 over one of the most prolific gold belts in West Africa, all of which is within haulage distance of the expanded Koné Gold Project. We intend to explore aggressively to prove up multiple satellite targets and the high-grade Gbongogo deposit which remains open in all directions gives us an excellent head start. Based on our evaluation of the historic data we believe that, in addition to the initial Inferred Mineral Resource at Gbongogo, the Mankono package has real potential for further discoveries of 0.8Moz to 1.2Moz at a grade of between 1.5g/t and 2.0g/t*. Given the average mineral reserve grade of the Koné deposit of 0.66g/t, the addition of higher grade reserves from Mankono could significantly improve the economics of the KGP going forward."
*This potential quantity and grade are presently conceptual in nature, and there has been insufficient exploration to define such a mineral resource and it is uncertain if further exploration will result in the target being delineated as a mineral resource. The potential quantity and grade were developed based on a review of available historic data, grade, intersected widths, and possible strike extent at the various prospects and the overall prospectivity of the land package.
Mankono consists of the Sissédougou Exploration Permit (PR842, 387km2) issued in 2019, the Gbongogo Exploration Permit (400km2) and the Sisséplé Exploration Permit (106km2) which are all contiguous with Montage's Koné Gold Project as shown in Figure 1. Taken together with Montage's existing land holdings they form a block of 1,800km2 in exploration permits and a further 458km2 in exploration permit applications for a total of 2,258km2.
The Gbongogo area has been explored by Randgold (Barrick) since 2013 and the Sissédougou and Sisséplé areas by Endeavour and previously La Mancha Resources since 2010. The Mankono Joint Venture was formed in 2017 and exploration has been managed by Barrick since that time.
The database of the historic work includes over 36,000 soil samples, 15,500m of trenching and 31,000m of air core drilling. Notably only 6,000m of Reverse circulation ("RC") drilling and 8,560m of diamond core drilling has been completed most of which is on the Gbongogo prospect. Historic exploration spending on the combined land package is approximately US$20 million. Figure 2 shows the consolidated land package with target areas and highlighted results.
The Gbongogo prospect, which lies 30km north of Koné, hosts an initial Inferred Mineral Resource of 5.2Mt grading 2.1g/t for 351koz and is the primary target for resource expansion and upgrade. Montage expects that this prospect can be expanded quickly and has an initial program of 4,000m planned in pursuit of this objective.
Mineralization at Gbongogo is hosted within and on the margins of a plunging quartz diorite plug with a surface expression of only 250m by 100m (see Figure 4). Table 1 Table 1 shows intercepts from historic drilling and trenching results. Complete results are presented in Appendix 1 to this release.
Table 1: Drill and Trench Results from Gbongogo
Note: True widths vary between 60 and 100% of downhole intercepts with exception of down plunge holes. Intercepts for holes GBDDH002, GBDDH007 and GBDDH020 include un-assayed gaps, which have been assigned the average intercept grade.
High grades are controlled by two distinct groups of quartz-tourmaline veins with scope to develop the grade with well placed drilling. The plunging quartz diorite plug is also yet to be fully defined by drilling. Furthermore, given the small surface expression there is the potential for other similar intrusive bodies to be present within the north-south trend that hosts Gbongogo that could have been missed on widely spaced first pass exploration and it will be a priority to follow up in this area.
Initial Inferred Mineral Resource Estimate
Montage commissioned a Mineral Resource Estimate ("MRE") by MPR Geological Consultants of Perth, Australia ("MPR") based on the historic drill database. MPR estimated recoverable mineral resources using Multiple Indicator Kriging ("MIK") based on a dataset that includes 6,142.4m drilling (4,827.4m of diamond core and 1,315m of RC).
The Inferred MRE is reported within an optimized pit shell based on a US$1,500/oz gold price and is shown below at a range of cut-off grades. A cut-off grade of 1.2g/t is the base case scenario.
Table 2: Inferred Mineral Resource Estimate by Cut-off Grade
Notes
- Inferred Mineral Resources are reported in accordance with NI 43-101 with an effective date of the 22nd of April 2022, for the Gbongogo deposit within the Koné Gold Project. The Inferred MRE was prepared by Mr. Jonathan Abbott of MPR Geological Consultants of Perth, Australia who is a Qualified Person as defined by NI 43-101.
- The inferred MRE is reported on a 100% basis and is constrained within an optimal pit shell generated at a gold price of US$1,500/ounce.
- The Mineral Resources are classified according to the "CIM" definition of Inferred Mineral Resources.
- The estimates at 1.2g/t cut-off grade represent the base case or preferred scenario.
- Mineral Resources that are not Mineral Reserves do not have demonstrated economic viability.
- Also see "Mineral Resource Modeling and Estimation Assumptions – Gbongogo".
Soil sampling across the Mankono project area has defined more than 65km of soil anomalism (see Figure 2). Follow up exploration in the form of pitting, trenching and aircore drilling was widely spaced due to the nature of the desired target size but has identified a total of twelve targets, in addition to Gbongogo, where drilling has intersected mineralization with width and grade (see Table 3). These represent immediate drill targets where Montage will move quickly to drilling.
Table 3: Highlight Drill and Exploration Results from Mankono Prospects (excluding Gbongogo)
Notes: Insufficient data is available at this time to determine true widths for reported intercepts. See Appendix 1 for table of complete results.
Apart from the targets that have already received drill testing, the soil anomalies clearly map out the mineralized structures and these will be followed up in detail. Most notably:
- Northern strike extension of Koné soil anomaly
- Yeré main 12km strike length soil anomaly
- Kagon soil anomaly
Strategic Plan
Montage is concentrated on district exploration for the next 12 months. The primary objective being to add multiple high-grade satellite deposits to an expanded Koné Gold Project. A summary of the Company's operational strategy is as follows:
1. Gbongogo Exploration Permit (400km2; part of Mankono acquisition)
- Resource expansion drilling at Gbongogo prospect
- Follow-up of anomalism and prior drill results at Bafretou, Dokeka and Lokolo targets
2. Sissédougou Exploration Permit (387km2; part of Mankono acquisition)
- Initial follow-up of priority targets that suggest resource potential
- Targets: Sissédougou, Koban North, Yeré, and Sena
- 3,000m of RC drilling planned with 5,000m to 10,000m of aircore
- Soil sampling of untested areas
3. Sisséplé North Permit (321km2; existing KGP)
- New permit recently awarded to Montage
- Local operating base has been established that will facilitate exploration in northern portion of expanded project area
- Soil sampling program on an 800m by 50m grid targeting the entire permit in progress
- Two new +100ppb anomalies >2km strike defined and being followed up
4. Koné Exploration Permit (225km2; existing KGP)
- 5,000m of aircore drilling to test strike extension at Petit Yao
Environmental & Social Impact Assessment ("ESIA") and Economic Analysis
The Company continues to engage with various government ministries regarding key aspects of the project and which will form a significant component of the ESIA review and validation process. As part of the planned programs in Mankono the Company will commence baseline environmental studies and expand its successful CSR program to the wider project area. In parallel with exploration, Montage will undertake the necessary test work and engineering studies to incorporate Gbongogo and other new potential deposits into a revised economic study on the KGP in 2023.
Other Corporate Updates
The Company is pleased to announce that its common shares began trading as of September 1, 2022 on the OTCQX Best Market under the ticker symbol MAUTF, which is an upgrade from the OTC Pink Sheets where Montage previously traded. Montage will continue to trade on the TSX Venture Exchange as its primary listing under the symbol MAU.
The Company also announces that shareholders approved certain amendments to the incentive stock option plan of the Company (99.92% For and 0.08% Against) at the Annual General and Special Meeting held on June 23, 2022. The amendments were made to comply with the TSX Venture Exchange's updated rules regarding option plans. For a full copy of the Plan, please see the Management Information Circular dated May 15, 2022 which was filed under the Company's profile on SEDAR at www.sedar.com on June 2, 2022 and is available on the Company's website at www.montagegoldcorp.com.
The Company also announces that it has granted an of aggregate of 200,000 incentive stock options to a Côte d'Ivoire based legal advisor to the Company. The options are exercisable, subject to vesting provisions, over a period of three years at a price of C$0.60 per share and subject to the successful closing of the Mankono Transaction.
An Inferred MRE was undertaken by MPR who estimated recoverable mineral resources using Multiple Indicator Kriging ("MIK") based on a dataset that includes 6,142.4m drilling data (4,827.4m of core and 1,315m of RC) supplied by Montage in April 2022. The MRE has been classified in the inferred category and reported in accordance with NI 43-101 and classifications adopted by CIM Council in May 2014 and has an effective data of the 22nd of April 2022.
Inferred Mineral Resources were estimated for Gbongogo by MIK of two metre down-hole composited gold grades from RC and diamond drilling. Estimated resources include a variance adjustment to give estimates of Inferred Mineral Resources above gold cut-off grades for selective mining unit dimensions of 5m by 10m by 5m (cross strike, strike, vertical).
Micromine software was used for data compilation, domain wire framing and coding of composite values and GS3M was used for resource estimation. The resulting estimates were imported into Micromine for pit optimization and resource reporting.
Inferred Mineral Resources have been estimated within a single mineralized envelope 675m in length and up to 120m in true width.
The MRE includes bulk densities of 1.30, 2.40 and 2.66 t/bcm for oxide, transition and fresh Quartz Diorite, respectively, and 1.30, 2.10 and 2.62 t/bcm for the surrounding sediments. This is on the basis of 702 immersion density measurements performed by the Barrick/Endeavour on diamond core samples.
To satisfy the definition of Mineral Resources having reasonable prospects for eventual economic extraction, the estimates are constrained within an optimal pit and generated from the following key assumptions and parameters:
- Gold price of US$1,500/oz
- The MIK model is a recoverable resource model and mining recovery and dilution are taken into account within the modelling process.
- Processing recovery of 93.9% in oxide, 91.3% in transition material and 89.2% in fresh rock.
- Overall slope angle of 30° in oxide rock, 40° in transition and 55° in fresh material
- Average mining costs of US$2.74 per tonne
- Processing costs (including G&A) of US$7.41, US$7.58 and US$8.67 for oxide, transition and fresh material respectively based on the KGP DFS process costs
- Haulage costs of US$5.00/t
- Total selling costs (includes state and third-party royalties) of US$90/oz
The pit shell constraining the estimates extends over approximately 670m of strike to a maximum depth of around 220m.
All drilling was carried out under the supervision of Barrick personnel and utilized the following procedures and methodologies:
- RC drilling used a 5.25-inch face sampling pneumatic hammer with 1m samples collected into 60 litre plastic bags. Samples were kept dry by maintaining enough air pressure to exclude groundwater inflow. If water ingress exceeded the air pressure, RC drilling was stopped, and drilling converted to diamond core tails. Once collected, RC samples were riffle split through a three-tier splitter to yield a 12.5% representative sample for submission to the analytical laboratory. The residual sample was stored at the drill site until assay results were received and validated. Field duplicates were collected by repeat splitting of the primary sample at an average frequency of around 1 duplicate per 10 primary samples.
- Diamond drill holes were drilled with PQ and HQ diamond drill bits. The core marked up and logged, and generally 1m samples (minimum 0.2m) were then cut into equal halves using a diamond saw. One half of the core was left in the original core box and stored in a secure location at the Barrick core yard at Fadiadougou. The other half was sampled, catalogued, and placed into sealed bags and securely stored at the site until shipment. Field duplicates were taken by crushing the half core sample to -2mm and splitting 50:50 using a riffle splitter at an average frequency of around 1 duplicate per 24 primary samples.
- Samples were shipped to the SGS laboratory at Tongon or the Bureau Veritas Laboratory in Abidjan for preparation and assay. Both SGS and Bureau Veritas are independent of Barrick and Montage.
- At both laboratories, samples were dried and crushed by the laboratory to -2mm and a 1.5kg split prepared from the coarse crushed material for pulverizing to -75um. Gold analysis was undertaken using a 50-gram charge and fire assay with an atomic absorption finish. Quality control procedures included systematic insertion of blanks (Around 1:45), duplicates (1:24) and standards (Around 1:45) into the sample stream. Gold assay results of these QAQC samples show acceptable levels of precision and accuracy, with no indication of significant contamination, supporting the reliability of the primary data with sufficient confidence for the current resource estimates and exploration activities.
- Montage and MPR consider that the resource data has been sufficiently verified to form the basis of the current MRE and that the database is adequate for the current estimates. The author and Mr. Abbot consider that the data verification process included no limitations or failures
Montage is a Canadian-based precious metals exploration and development company focused on opportunities in Côte d'Ivoire. The Company's flagship property is the Koné Gold Project, located in northwest Côte d'Ivoire, which currently hosts a Probable Mineral Reserve of 161.1Mt grading 0.66g/t for 3.42M ounces of gold. The Company released the results of a DFS on the Koné Gold Project on February 14, 2022, outlining a 15-year gold project producing an estimated 3.06M ounces of gold over life of mine, with average annual production of 207koz, and estimated peak production of 320koz. Montage has a management team and Board with significant experience in discovering and developing gold deposits in Africa.
The Mineral Resource Estimate for Gbongogo was carried out by Mr. Jonathon Abbott of MPR Geological Consultants of Perth, Western Australia who is considered to be independent of Montage Gold. Mr. Abbott is a member in good standing of the Australian Institute of Geoscientists and has sufficient experience which is relevant to the commodity, style of mineralization under consideration and activity which he is undertaking to qualify as a Qualified Person under National Instrument 43-101 ("NI 43-101"). Mr. Abbott consents to the inclusion in this press release of the information, in the form and context in which it appears.
The Mineral Reserve Estimate for the Koné Gold Project has an effective date of February 14, 2022 and was carried out by Ms. Joeline McGrath of Carci Mining Consultants Ltd. who is considered to be independent of Montage. Ms. McGrath is a member in good standing of the Australian Institute of Mining and Metallurgy and has sufficient experience which is relevant to the work which she is undertaking to qualify as a Qualified Person under NI 43-101.
The Mineral Resource Estimates for the Koné Gold Project have an effective date of August 12, 2021 and were carried out by Mr. Jonathon Abbott of MPR who is considered to be independent of Montage Gold. Mr. Abbott is a member in good standing of the Australian Institute of Geoscientists and has sufficient experience which is relevant to the commodity, style of mineralization under consideration and activity which he is undertaking to qualify as a Qualified Person under NI 43-101.
For further details of the data verification undertaken, exploration undertaken and associated QA/QC programs, and the interpretation thereof, and the assumptions, parameters and methods used to develop the Mineral Reserve Estimate and the Mineral Resource Estimates for the Koné Gold Project, please see the definitive feasibility study, entitled "Koné Gold Project, Côte d'Ivoire Definitive Feasibility Study National Instrument 43-101 Technical Report" (the "DFS") and filed on SEDAR at www.sedar.com. The DFS was prepared by Lycopodium Minerals Pty Ltd. and incorporates the work of Lycopodium and Specialist Consultants, including Mr. Abbott, under the supervision of Sandy Hunter, MAusIMM(CP), of Lycopodium, a Qualified Person pursuant to NI 43-101 who is independent of Montage. Readers are encouraged to read the DFS in its entirety, including all qualifications, assumptions and exclusions that relate to the details summarized in this news release. The DFS is intended to be read as a whole, and sections should not be read or relied upon out of context.
The technical contents of this press release have been approved by Hugh Stuart, BSc, MSc, a Qualified Person pursuant to NI 43-101. Mr. Stuart is the President of the Company, a Chartered Geologist and a Fellow of the Geological Society of London.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This press release contains certain forward-looking information and forward-looking statements within the meaning of Canadian securities legislation (collectively, "Forward-looking Statements"). All statements, other than statements of historical fact, constitute Forward-looking Statements. Words such as "will", "intends", "proposed" and "expects" or similar expressions are intended to identify Forward-looking Statements. Forward looking Statements in this press release include statements related to the expected closing of the Mankono Transaction, the Company's resource properties and resource estimates, and the Company's plans, focus and objectives, including future exploration programs at Mankono and districtwide at the KGP, expectations that the Gbongogo Inferred Mineral Resource will become an Indicated Mineral Resource, and timing for an updated technical report on the KGP. Forward-looking Statements involve various risks and uncertainties and are based on certain factors and assumptions, including, with respect to mineral resource estimates, those set out in the DFS and those set out under the heading "Mineral Resource Modeling and Estimation Assumptions". There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations include uncertainties related to gold and other commodity prices, including lower than expected future gold prices which could reduce the economic returns on, or the viability of, a deposit, uncertainties inherent in the exploration of mineral properties such as incorrect resource estimates due to incorrect modelling or unforeseen geological conditions, the impact and progression of the COVID-19 pandemic and other risk factors set forth in the Company's annual information form under the heading "Risk Factors". The Company undertakes no obligation to update or revise any Forward-looking Statements, whether as a result of new information, future events or otherwise, except as may be required by law. New factors emerge from time to time, and it is not possible for Montage to predict all of them, or assess the impact of each such factor or the extent to which any factor, or combination of factors, may cause results to differ materially from those contained in any Forward-looking Statement. Any Forward-looking Statements contained in this press release are expressly qualified in their entirety by this cautionary statement.
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SOURCE Montage Gold Corp | https://www.mysuncoast.com/prnewswire/2022/09/08/montage-gold-corp-announces-government-approval-mankono-exploration-permits-provides-corporate-updates/ | 2022-09-08T13:51:18Z |
Entry into Federal Market Marks Significant Milestone in the Company's Growth Opportunity
PLEASANTON, Calif., July 13, 2022 /PRNewswire/ -- Workday (NASDAQ: WDAY), a leader in enterprise cloud applications for finance and human resources, today announced it has achieved FedRAMP Authorized status at the Moderate security impact level from the Federal Risk and Authorization Management Program (FedRAMP) for Workday Government Cloud, marking the company's official entry into the U.S. federal government market. With FedRAMP authorization status, which is required of cloud technology vendors in the federal sector, Workday is now certified by the federal government in meeting the cloud security requirements and can help federal agencies as they look to accelerate their digital transformations.
With Workday Government Cloud, delivered via Amazon Web Services (AWS), federal agencies will be able to:
- Address Critical Workforce Needs. With Workday Government Cloud, federal agencies will gain the real-time workforce insights needed to help effectively support evolving workforce dynamics, such as attracting and retaining diverse talent.
- Better Manage Finances. Amid rapid change, Workday Government Cloud can help agencies make informed budgetary decisions and better manage resources by tracking key financial performance indicators.
- Keep Pace with Regulation. Workday Government Cloud provides federal agencies with tools they need to help make quick, mission-critical decisions and navigate a rapidly changing regulatory environment.
The U.S. federal market is one of the largest and most complex sectors in the world. Workday, together with its partners, has established experience across multiple industries, including state and local government, healthcare, financial services, education, hospitality, and retail. With this industry-leading experience, Workday can help federal agencies remain agile and adaptable, and navigate the fast-changing world.
Comments on the News
"Our official entry into the federal market is a significant moment in Workday's growth story," said Wayne Bobby, vice president, U.S. Federal Government, Workday. "The sector is facing increased complexity and rapid change and agency leaders want to empower their people to be agile and feel supported in the midst of an evolving environment. We remain committed to bringing federal agencies the finance and HR insights needed to accelerate transformation, streamline work processes, and keep pace in a changing world."
About Workday
Workday is a leading provider of enterprise cloud applications for finance and human resources, helping customers adapt and thrive in a changing world. Workday applications for financial management, human resources, planning, spend management, and analytics have been adopted by thousands of organizations around the world and across industries — from medium-sized businesses to more than 50% of the Fortune 500. For more information about Workday, visit workday.com.
Forward-Looking Statements
This press release contains forward-looking statements including, among other things, statements regarding Workday's plans, beliefs, and expectations. These forward-looking statements are based only on currently available information and our current beliefs, expectations, and assumptions. Because forward-looking statements relate to the future, they are subject to inherent risks, uncertainties, assumptions, and changes in circumstances that are difficult to predict and many of which are outside of our control. If the risks materialize, assumptions prove incorrect, or we experience unexpected changes in circumstances, actual results could differ materially from the results implied by these forward-looking statements, and therefore you should not rely on any forward-looking statements. Risks include, but are not limited to, risks described in our filings with the Securities and Exchange Commission ("SEC"), including our Form 10-Q for the fiscal quarter ended April 30, 2022, and our future reports that we may file with the SEC from time to time, which could cause actual results to vary from expectations. Workday assumes no obligation to, and does not currently intend to, update any such forward-looking statements after the date of this release.
Any unreleased services, features, or functions referenced in this document, our website, or other press releases or public statements that are not currently available are subject to change at Workday's discretion and may not be delivered as planned or at all. Customers who purchase Workday services should make their purchase decisions based upon services, features, and functions that are currently available.
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SOURCE Workday Inc. | https://www.kxii.com/prnewswire/2022/07/13/workday-achieves-fedramp-authorized-designation/ | 2022-07-13T20:44:18Z |
BALTIMORE, Aug. 1, 2022 /PRNewswire/ -- T. Rowe Price (NASDAQ-GS: TROW) proudly announced that it was named to Forbes' Best Employers for Women 2022. It joins the ranks of 400 other companies across 24 industries. This is the first time the organization has received this designation.
Raymone Jackson, T. Rowe Price's global head of diversity, equity, and inclusion, said, "We are proud to be named to Forbes' Best Employers for Women 2022 list. As we are committed to sustaining and enhancing our inclusive culture for our associates, this award affirms our belief that our diverse global workforce is one of our most valuable assets."
More than 44% of global associates at T. Rowe Price are women. Some key programs to advance and highlight women at the firm include:
- Women's Stock Pitch: A one-and-a-half-day workshop where first-year female M.B.A. students receive feedback and coaching on pitching potential investments while networking with our investment professionals.
- WAVE: This employee-led business resource group amplifies the voice of women at our firm and includes 2,200 members from offices around the globe. WAVE's focus on mentorship and career mobility—along with the recent launch of Amplify Voices, an advisory committee to attract and lift the experiences and growth of women of color at our firm—is helping to shape the personal and professional experiences of female associates globally.
The Best Employers for Women were identified in an independent survey from a vast sample of 50,000 U.S. employees working for companies employing at least 1,000 people within the U.S. The sample included more than 30,000 women. Companies receiving the highest total scores were awarded the Best Employers for Women 2022 based on four criteria:
- Direct recommendation on general topics, such as work atmosphere and development, image, working conditions, salary and wage, workplace, and diversity;
- Direct recommendations on topics relevant to women, including parental leave, family support, flexibility, discrimination, representation and career, and pay equity;
- Indirect recommendations evaluating the diversity of other employers within the female survey respondents' industry; and
- Diversity among top executives/board based on publicly available company information.
The full report is available online at https://www.forbes.com.
About T. Rowe Price
Founded in 1937, Baltimore-based T. Rowe Price (troweprice.com) is an independent global asset management company with USD$1.3 trillion in assets under management as of June 30, 2022, and a local presence in 17 countries. Known for long-term investment excellence, T. Rowe Price provides an array of mutual funds, subadvisory services, exchange-traded funds and separate account management for individual and institutional investors, consultants, retirement plan sponsors, and financial intermediaries. The company also offers sophisticated investment planning and guidance tools. Its active, strategic investing approach is disciplined, risk-aware, and based on rigorous fundamental research. T. Rowe Price helps clients invest with confidence and can be found on Facebook, Instagram, LinkedIn, Twitter, and YouTube.
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SOURCE T. Rowe Price Group, Inc. | https://www.mysuncoast.com/prnewswire/2022/08/01/t-rowe-price-named-forbes-best-employers-women-2022-list/ | 2022-08-01T17:02:32Z |
WASHINGTON (AP) — Nick Kyrgios beat American Marcos Giron at the Citi Open on Tuesday, the Australian’s first singles match since reaching the Wimbledon final.
Less than a month since reaching his first Grand Slam final before losing to Novak Djokovic, Kyrgios defeated Giron 6-2, 6-3. It won’t help him get over falling short at Wimbledon, which has not been easy. But, winning more may boost his confidence.
“That was like the golden opportunity I felt for me,” Kyrgios said of Wimbledon. “There are so many things I would have done differently I think now that I have digested that match, but I’m doing all the right things to put myself in that position again. I think I’m doing that, and my whole team is helping me achieve that goal.”
Following a tradition he started when he won this hard-court tuneup for the U.S. Open in 2019, he asked a fan where he should serve for match point and moved on to face Tommy Paul in the round of 32.
“I wish I had that experience when I was watching tennis matches,” Kyrgios said. “I think it’s just a cool experience for someone that’s paid money to come watch you play and potentially to go home with that memory.”
Kyrgios is trying to move past the memory of losing to Djokovic at Wimbledon and bowing out in the first round of the Citi Open a year ago. It helps that he thinks he’s playing some of the best tennis of his career.
“I’m having a great year,” he said. “I think if Wimbledon had points, I think I’d be around top 15, top 20 in the world. I definitely feel like I’m playing that level of tennis — if not top 10, top five at the moment.”
Top-seeded Andrey Rublev advanced to the round of 16, beating Jack Draper 6-4, 6-2. In the women’s draw, Australia’s Ajla Tomljanovic beat American Sloane Stephens 6-1, 6-4.
___
More AP tennis: https://apnews.com/hub/tennis and https://twitter.com/AP_Sports | https://cw33.com/sports/ap-sports/kyrgios-wins-1st-singles-match-since-making-wimbledon-final/ | 2022-08-03T14:45:24Z |
Man with over 100 grandchildren turns 108 on the 4th of July
ROCKFORD, Ill. (WIFR/Gray News) - An Illinois man with over 100 grandchildren is celebrating a huge milestone in his life.
At 108 years old, Izer Tilson describes his life like a story book. He raised 15 children who went on to give him more than 100 grandkids that he has had the privilege to watch grow up over the years.
“I’m just happy to be 108. Nine girls and six boys, not bad,” Tilson said.
Tilson told WIFR that he wants to “live until 128.”
Tilson gave a nod to God, saying in addition to his health, the Bible is the reason for reaching that incredible milestone. He said he feels as strong as he did in the peak of his youth in his 20s.
The milestone is so incredible that the City of Rockford wished Tilson a happy birthday by naming July 4 “Izer Tilson Day.”
Leaders say Tilson was born in Forest City, Arkansas, and worked as a farmer, a handyman and a businessman. He was also nicknamed “Rag Man” because of his fascination with colorful rags.
His daughter Gerline Tilson-Norris, who is one-half of his only set of twins, said her father’s greatest blessings are his faith, family and friends.
“No sugar, no diabetes. I think we should have the scientists, medical scientists out here at least doing some study ... this is rare,” Tilson-Norris said. “To see someone, not suffering or in a whole lot of pain or anything, just take it as it comes.”
Tilson’s wife died in 2000 because of heart failure. She was in her 80s at the time of her death. Family members described her as a church volunteer and a missionary with strong patience and a caring heart. Staying home to raise her children, she made sure they were loved no matter what.
Tilson recalls them being high school sweethearts, and said she was a “careful, happy wife.”
Tilson-Norris says that her father chooses to live at home for his “final lap” surrounded by family and friends. He said he always wants to be in the presence of his stuffed animals and WWE tapes that are played on repeat.
Copyright 2022 WIFR via Gray Media Group, Inc. All rights reserved. | https://www.kxii.com/2022/07/06/man-with-over-100-grandchildren-turns-108-4th-july/ | 2022-07-06T21:21:23Z |
Fire closes portion of Blue Ridge Parkway
By Kristy Kepley-Steward
Click here for updates on this story
HAYWOOD COUNTY, North Carolina (WLOS) — A fire along the Blue Ridge Parkway has a section of the road closed Thursday morning.
Officials tweeted Wednesday night at around 9 p.m. that a closure will be in place on the Parkway from milepost 409 to milepost 411.
The U.S. Forest Service says firefighters are working to contain the Barnett Branch Fire on the Pisgah Ranger District. The fire is approximately 172 acres burning in rough terrain.
The Blue Ridge Parkway is closed from Highway 276 to the Pisgah Inn and will be reopened as soon as possible. Yellow Gap Road (FSR 1206) is closed and expected to remain closed through the weekend pending fire conditions.
The following trails are also closed until further notice:
Barnett Branch Trail TR 618 (above Yellow Gap Road) Buck Springs Trail TR 104 Mountains to Sea Trail (from Hwy 276 north to the Pisgah Inn) The Pisgah Inn, located at milepost 408, is still accessible from Asheville.
At this time, we have no updates on when the road will reopen or whether the fire is contained.
Please note: This content carries a strict local market embargo. If you share the same market as the contributor of this article, you may not use it on any platform. | https://localnews8.com/news/2022/04/28/fire-closes-portion-of-blue-ridge-parkway/ | 2022-04-28T15:43:51Z |
BEDFORD, Mass., Aug. 5, 2022 /PRNewswire/ -- iRobot Corp. (NASDAQ: IRBT), a leader in consumer robots, today announced its financial results for the second quarter ended July 2, 2022. Additionally, in a separate release, iRobot announced it has entered into a definitive agreement to be acquired by Amazon.com, Inc. (NASDAQ: AMZN). Under the terms of the agreement, Amazon will acquire all the outstanding shares of iRobot common stock for $61.00 per share in cash for a transaction value of approximately $1.7 billion, including iRobot's net debt.
Financial Performance Highlights
- Revenue for the second quarter of 2022 was $255.4 million, compared with $365.6 million in the second quarter of 2021. Revenue for the first half of 2022 was $547.3 million versus $668.9 million in the first half of 2021.
- The company's second-quarter 2022 GAAP operating loss was $63.9 million, compared with a GAAP operating loss of $3.0 million in the second quarter of 2021. iRobot's second-quarter 2022 non-GAAP operating loss was $53.3 million, compared with non-GAAP operating income of $9.0 million in the same period one year ago. The company's GAAP operating loss for the first six months of 2022 was $87.2 million, compared with GAAP operating income of $3.3 million in the first half of 2021. iRobot's first-half 2022 non-GAAP operating loss was $71.8 million versus non-GAAP operating income of $23.9 million in the same period one year ago. The company's operating loss reflects the impact of lower-than-expected revenue, partially offset by the benefits of certain cost management activities.
- iRobot's GAAP net loss per share was $1.60 for the second quarter of 2022, compared with GAAP net loss per share of $0.10 in the second quarter of 2021. Non-GAAP net loss per share was $0.35 for the second quarter of 2022 versus non-GAAP net income per share of $0.27 in the second quarter of 2021. First-half 2022 GAAP net loss per share was $2.72, compared with GAAP net income per share of $0.16 in the first half of 2021. First-half 2022 non-GAAP net loss per share was $1.01, compared with non-GAAP net income per share of $0.68 in the same period of 2021.
- As of July 2, 2022, the company's cash, cash equivalents and short-term investments were $63.4 million, compared with $113.5 million as of April 2, 2022, and $234.5 million at the end of 2021. During the quarter, the company drew down $35 million from its unsecured revolving line of credit of $150 million.
- The company's inventory balance was $397.0 million, or 210 days, as of July 2, 2022, versus $276.5 million, or 112 days, at the end of the second quarter one year ago. The inventory increase reflects increased on-hand inventory levels entering the quarter, higher in-transit inventory levels and the impact of lower-than-expected orders during the quarter. iRobot plans to use its on-hand inventory to help fulfill anticipated orders over the coming quarters.
Cost-Reduction Actions
- To better align its cost structure with near-term revenue, iRobot is in the process of initiating a restructuring of its operations, which is expected to deliver net savings in the range of approximately $5 million to $10 million in 2022 and approximately $30 million to $40 million in 2023. As part of the restructuring, the company is accelerating actions to shift certain non-core engineering functions to lower-cost regions and increasingly leverage its joint design manufacturing (JDM) partners; better balancing global and regional commercial and marketing resources to support go-to-market plans while driving efficiencies and achieving economies of scale; realigning other operational areas to best support current needs of the business; and reducing its global facilities footprint. The actions are expected to result in a net reduction of approximately 140 employees, which represents 10% of the company's workforce as of July 2, 2022.
- These actions help support the company's near-term priorities to drive innovation by executing on its product roadmaps, optimize inventory levels across all major channels, expand DTC sales and position the business for profitable growth in 2023. They also augment other cost-reduction actions that include recalibrating near-term promotional and advertising plans, carefully managing hiring activities, adjusting short-term incentive compensation to align with projected performance and reducing other discretionary spending.
Second-Quarter and Recent Business Highlights
- For the 8th consecutive year, Roomba® was a featured product in Amazon's Prime Day event, which was held on July 12-13, 2022.
- The company's community of engaged, connected customers who have opted-in to its digital communications grew to 15.7 million, an increase of 35% from the second quarter of 2021.
- In May 2022, the company introduced iRobot OS, an evolution of the company's Genius Home Intelligence platform that delivers a new level of customer experience for a cleaner, healthier and smarter home.
- iRobot's j7+ continues to generate favorable reviews and awards with recent accolades in the U.S. from ZDNet and Android Headlines, in the UK from Good Housekeeping, and in Japan from Lee and ASCII.
In light of the transaction with Amazon.com, Inc. announced separately today, iRobot will not hold its second-quarter 2022 financial results conference call, which was originally scheduled for August 10 at 8:30 am ET. In addition, iRobot has withdrawn its prior 2022 financial expectations issued in early May 2022, as well as its long-term financial targets provided in December 2021. Given the ongoing disruptions and uncertainty that could impact the company's outlook, iRobot is suspending its practice of providing financial guidance.
About iRobot Corp.
iRobot is a global consumer robot company that designs and builds thoughtful robots and intelligent home innovations that make life better. iRobot introduced the first Roomba robot vacuum in 2002. Today, iRobot is a global enterprise that has sold millions of robots worldwide. iRobot's product portfolio features technologies and advanced concepts in cleaning, mapping and navigation. Working from this portfolio, iRobot engineers are building robots and smart home devices to help consumers make their homes easier to maintain and healthier places to live. For more information about iRobot, please visit www.irobot.com.
Important Information and Where to Find It
In connection with the proposed transaction between iRobot Corporation (the "Company") and Amazon.com, Inc. ("Amazon"), the Company will file with the Securities and Exchange Commission ("SEC") a Proxy Statement, the definitive version of which will be sent or provided to Company stockholders. The Company may also file other documents with the SEC regarding the proposed transaction. This document is not a substitute for the Proxy Statement or any other document which the Company may file with the SEC. INVESTORS AND SECURITY HOLDERS ARE URGED TO READ THE PROXY STATEMENT AND ANY OTHER RELEVANT DOCUMENTS THAT ARE FILED OR WILL BE FILED WITH THE SEC, AS WELL AS ANY AMENDMENTS OR SUPPLEMENTS TO THESE DOCUMENTS AND DOCUMENTS INCORPORATED BY REFERENCE THEREIN, CAREFULLY AND IN THEIR ENTIRETY BECAUSE THEY CONTAIN OR WILL CONTAIN IMPORTANT INFORMATION ABOUT THE PROPOSED TRANSACTION AND RELATED MATTERS. Investors and security holders may obtain free copies of the Proxy Statement (when it is available) and other documents that are filed or will be filed with the SEC by the Company through the website maintained by the SEC at www.sec.gov, the Company's investor relations website at investor.irobot.com or by contacting the Company's investor relations department at the following:
Andrew Kramer
akramer@irobot.com
(781) 430-3003
Participants in the Solicitation
The Company and certain of its directors and executive officers may be deemed to be participants in the solicitation of proxies from the Company's stockholders in respect of the proposed transaction and any other matters to be voted on at the special meeting. Information regarding the Company's directors and executive officers, including a description of their direct interests, by security holdings or otherwise, is contained in the Company's proxy statement for its 2022 annual meeting of stockholders, which was filed with the SEC on April 11, 2022, and will be included in the Proxy Statement (when available). Company stockholders may obtain additional information regarding the direct and indirect interests of the participants in the solicitation of proxies in connection with the proposed transaction, including the interests of Company directors and executive officers in the transaction, which may be different than those of Company stockholders generally, by reading the Proxy Statement and any other relevant documents that are filed or will be filed with the SEC relating to the transaction. You may obtain free copies of these documents using the sources indicated above.
Cautionary Statement Regarding Forward-Looking Statements
This communication contains "forward-looking statements" within the meaning of the federal securities laws, including Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements are based on the Company's current expectations, estimates and projections about the expected date of closing of the proposed transaction and the potential benefits thereof, its business and industry, management's beliefs and certain assumptions made by the Company and Amazon, all of which are subject to change. In this context, forward-looking statements often address expected future business and financial performance and financial condition, and often contain words such as "expect," "anticipate," "intend," "plan," "believe," "could," "seek," "see," "will," "may," "would," "might," "potentially," "estimate," "continue," "expect," "target," similar expressions or the negatives of these words or other comparable terminology that convey uncertainty of future events or outcomes. All forward-looking statements by their nature address matters that involve risks and uncertainties, many of which are beyond our control, and are not guarantees of future results, such as statements about the consummation of the proposed transaction and the anticipated benefits thereof. These and other forward-looking statements, including the Company's expectations regarding financial performance; anticipated orders; reductions in inventory; the restructuring of operations and the financial impacts thereof; management's plans to recalibrate near-term promotional and advertising plans; and the profitability and growth of our business in 2023; the failure to consummate the proposed transaction or to make or take any filing or other action required to consummate the transaction on a timely matter or at all, are not guarantees of future results and are subject to risks, uncertainties and assumptions that could cause actual results to differ materially from those expressed in any forward-looking statements. Accordingly, there are or will be important factors that could cause actual results to differ materially from those indicated in such statements and, therefore, you should not place undue reliance on any such statements and caution must be exercised in relying on forward-looking statements. Important risk factors that may cause such a difference include, but are not limited to: (i) the ability of the parties to consummate the proposed transaction in a timely manner or at all; (ii) the satisfaction (or waiver) of closing conditions to the consummation of the proposed transaction, including with respect to the approval of the Company's stockholders; (iii) potential delays in consummating the proposed transaction; (iv) the ability of the Company to timely and successfully achieve the anticipated benefits of the proposed transaction; (v) the occurrence of any event, change or other circumstance or condition that could give rise to the termination of the merger agreement; (vi) the impact of the COVID-19 pandemic and the current conflict between the Russian Federation and Ukraine on the Company's business and general economic conditions; (vii) the Company's ability to implement its business strategy; (viii) significant transaction costs associated with the proposed transaction; (ix) potential litigation relating to the proposed transaction; (x) the risk that disruptions from the proposed transaction will harm the Company's business, including current plans and operations; (xi) the ability of the Company to retain and hire key personnel; (xii) potential adverse reactions or changes to business relationships resulting from the announcement or completion of the proposed transaction; (xiii) legislative, regulatory and economic developments affecting the Company's business; (xiv) general economic and market developments and conditions; (xv) the evolving legal, regulatory and tax regimes under which the Company operates; (xvi) potential business uncertainty, including changes to existing business relationships, during the pendency of the merger that could affect the Company's financial performance; (xvii) restrictions during the pendency of the proposed transaction that may impact the Company's ability to pursue certain business opportunities or strategic transactions; (xviii) unpredictability and severity of catastrophic events, including, but not limited to, acts of terrorism or outbreak of war or hostilities, (xviv) current supply chain challenges including current constraints in the availability of certain semiconductor components used in our products; (xx) the financial strength of our customers and retailers; (xxi) the impact of tariffs on goods imported into the United States; and (xxii) competition, as well as the Company's response to any of the aforementioned factors. These risks, as well as other risks associated with the proposed transaction, will be fully discussed in the Proxy Statement to be filed with the SEC in connection with the proposed transaction. Additional risks and uncertainties that could cause actual outcomes and results to differ materially from those contemplated by the forward-looking statements are included under the caption "Risk Factors" in the Company's most recent annual and quarterly reports filed with the SEC and any subsequent reports on Form 10-K, Form 10-Q or Form 8-K filed from time to time and available at www.sec.gov. While the list of factors presented here is, and the list of factors presented in the Proxy Statement will be, considered representative, no such list should be considered to be a complete statement of all potential risks and uncertainties. Unlisted factors may present significant additional obstacles to the realization of forward-looking statements. Consequences of material differences in results as compared with those anticipated in the forward-looking statements could include, among other things, business disruption, operational problems, financial loss, legal liability and similar risks, any of which could have a material adverse effect on the Company's financial condition, results of operations, or liquidity. The forward-looking statements included herein are made only as of the date hereof. The Company does not assume any obligation to publicly provide revisions or updates to any forward-looking statements, whether as a result of new information, future developments or otherwise, should circumstances change, except as otherwise required by securities and other applicable laws.
iRobot Corporation
Explanation of Non-GAAP Measures
In addition to disclosing financial results in accordance with U.S. GAAP, this earnings release contains references to the non-GAAP financial measures described below. We use non-GAAP measures to internally evaluate and analyze financial results. We believe these non-GAAP financial measures provide investors with useful supplemental information about the financial performance of our business, enable comparison of financial results between periods where certain items may vary independent of business performance, and enable comparison of our financial results with other public companies, many of which present similar non-GAAP financial measures.
Our non-GAAP financial measures reflect adjustments based on the following items. These non-GAAP financial measures should not be considered a substitute for, or superior to, financial measures calculated in accordance with GAAP, and the financial results calculated in accordance with GAAP and reconciliations from these results should be carefully evaluated.
Amortization of acquired intangible assets: Amortization of acquired intangible assets consists of amortization of intangible assets including completed technology, customer relationships, and reacquired distribution rights acquired in connection with business combinations. Amortization charges for our acquisition-related intangible assets are inconsistent in size and are significantly impacted by the timing and valuation of our acquisitions. We exclude these charges from our non-GAAP measures to facilitate an evaluation of our current operating performance and comparisons to our past operating performance.
Net Merger, Acquisition and Divestiture (Income) Expense: Net merger, acquisition and divestiture (income) expense primarily consists of transaction fees, professional fees, and transition and integration costs directly associated with mergers, acquisitions and divestitures. It also includes business combination adjustments including adjustments after the measurement period has ended. The occurrence and amount of these costs will vary depending on the timing and size of these transactions. We exclude these charges from our non-GAAP measures to facilitate an evaluation of our current operating performance and comparisons to our past operating performance.
Stock-Based Compensation: Stock-based compensation is a non-cash charge relating to stock-based awards. We exclude this expense as it is a non-cash expense, and we assess our internal operations excluding this expense and believe it facilitates comparisons to the performance of other companies.
Tariff Refunds: iRobot's Section 301 List 3 Tariff Exclusion was reinstated in March 2022, which temporarily eliminates tariffs on our products imported from China until December 31, 2022 and entitles us to a refund of all related tariffs previously paid since October 12, 2021. We exclude the refunds for tariffs paid in 2021 from our 2022 first-quarter non-GAAP measures because those tariff refunds associated with tariff costs incurred in the past have no impact to our current period earnings.
IP Litigation Expense, Net: IP litigation expense, net relates to legal costs incurred to litigate patent, trademark, copyright and false advertising infringements, or to oppose or defend against interparty actions related to intellectual property. Any settlement payment or proceeds resulting from these infringements are included or netted against the costs. We exclude these costs from our non-GAAP measures as we do not believe these costs have a direct correlation to the operations of our business and may vary in size depending on the timing and results of such litigations and settlements.
Restructuring and Other: Restructuring charges are related to one-time actions associated with realigning resources, enhancing operational productivity and efficiency, or improving our cost structure in support of our strategy. Such actions are not reflective of ongoing operations and include costs primarily associated with severance costs, certain professional fees, costs associated with consolidation of warehouses, and other non-recurring costs directly associated with resource realignments tied to strategic initiatives or changes in business conditions. We exclude this item from our non-GAAP measures when evaluating our recent and prospective business performance as such items vary significantly based on the magnitude of the action and do not reflect anticipated future operating costs. In addition, these charges do not necessarily provide meaningful insight into the fundamentals of current or past operations of our business.
Gain/Loss on Strategic Investments: Gain/loss on strategic investments includes fair value adjustments, realized gains and losses on the sales of these investments and losses on the impairment of these investments. We exclude these items from our non-GAAP measures because we do not believe they correlate to the performance of our core business and may vary in size based on market conditions and events. We believe that the exclusion of these gains or losses provides investors with a supplemental view of our operational performance.
Income tax adjustments: Income tax adjustments include the tax effect of the non-GAAP adjustments, calculated using the appropriate statutory tax rate for each adjustment. We reassess the need for any valuation allowance recorded based on the non-GAAP profitability and have eliminated the effect of the valuation allowance recorded in the U.S. jurisdiction. We also exclude certain tax items, including impact from stock-based compensation windfalls/shortfalls, that are not reflective of income tax expense incurred as a result of current period earnings. We believe disclosure of the income tax provision before the effect of such tax items is important to permit investors' consistent earnings comparison between periods.
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SOURCE iRobot Corporation | https://www.mysuncoast.com/prnewswire/2022/08/05/irobot-reports-second-quarter-2022-financial-results/ | 2022-08-05T13:51:16Z |
FAYETTEVILLE, N.C. (WNCN) — A 22-year-old man shot outside of his apartment in North Carolina has been identified as a paratrooper in the Army’s 82nd Airborne Division based at Fort Bragg.
Sgt. Nicholas Bobo, 22, of Gordova, Tennessee, was killed Tuesday night at about 11 p.m., according to Fayetteville police.
Officers say they were called to the 900 block of Enclave Dr. for reports of shots fired. When they got to the scene, they say they found Bobo suffering from multiple gunshot wounds outside of his apartment.
He died from his injuries at the scene, according to reports.
In a release from the 82nd Airborne Division, officials said Bobo was an automated logistical specialist assigned to the 407th Brigade Support Battalion who joined the Army in 2018 and arrived at Fort Bragg in 2019.
His awards and decorations include the Army Good Conduct Medal, National Defense Service Medal, Global War on Terrorism Service Medal, Army Service Ribbon, and the Army Parachutist Badge, Driver Mechanic Badge-Driver Wheeled Vehicle, and Marksmanship Qualification Badge Expert-Carbine
He is survived by his wife, a daughter, and his parents.
Investigators say after the shooting, the the paratrooper’s vehicle was taken. They did not believe the shooting was a random attack.
The incident is currently under investigation by Army Criminal Investigation Command and the Fayetteville Police Department.
Anyone with information about this investigation is asked to contact Detective S. Shirey at (910) 751-3009 or Crime Stoppers at (910) 483-TIPS (8477). | https://cw33.com/news/nexstar-media-wire/army-paratrooper-shot-to-death-at-his-north-carolina-apartment/ | 2022-09-18T18:56:41Z |
TROY, Mich., Aug. 30, 2022 /PRNewswire/ -- Algo, provider of digital transformation services and supply chain software, announced that it has been identified as a Representative Vendor in the Gartner "Market Guide for Retail Forecasting and Replenishment Solutions report."1
Algo's CEO, Amjad Hussain, credits his dedicated team with the company's second year in Gartner's Market Guide for Retail Forecasting and Replenishment Solutions, he said, "We are honored to be named a Representative Vendor for the second year in a row, further demonstrating the value our supply chain solutions bring to our customers."
Vendors identified in the Market Guide were selected based on having one or more of the three main solution capabilities: forecasting, supply planning (including allocation, replenishment, and inventory planning), and planning and execution alignment (S&OE and S&OP to align planning decisions across the enterprise and multiple planning horizons).
"Algo considers these capabilities to be a vital part of delivering high-impact business outcomes. Our robust collaborative planning and analytics platform, as well as extensive functional domain experience, enable the company to provide end-to-end inventory management solutions that boost sales and profit while optimizing inventory spend." said Chief Product Officer, Emily Slavik.
[1] Gartner, Market Guide for Retail Forecasting and Replenishment Solutions, Published 9 August 2022 - By Analysts Janet Suleski and Mike Griswold
Gartner Disclaimer:
Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner's research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.
Algo uses technology to transform information into opportunity, breathing new life into our understanding of supply and demand, and giving retailers, distributors, and manufacturers a chance to achieve more for their organizations. Our professional services assist our clients in accelerating and maximizing the effectiveness of each phase of their digital transformation journey, from infrastructure and data management to business process optimization and automation.
Combining AI and machine learning with deep domain expertise, Algo's omnichannel SaaS platform helps suppliers and retailers plan, simulate, and execute more efficient supply chains through smart automation, actionable analytics, and digital twin technology.
For more on Algo, please visit www.algo.com.
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SOURCE Algo | https://www.wibw.com/prnewswire/2022/08/30/algo-named-representative-vendor-gartners-2022-market-guide-retail-forecasting-replenishment-solutions-second-year-row/ | 2022-08-30T15:51:41Z |
DETROIT, June 27, 2022 /PRNewswire/ -- Lambert, a public relations, investor relations, and integrated communications agency, today announced that industry veteran Katie Merx joined the company as Managing Director of Automotive and Mobility. In this role, Merx will lead strategy, growth and account management initiatives for clients up and down the automotive and mobility supply chain and across the transportation landscape.
"Katie's award-winning expertise in corporate, financial and crisis communications is critical to strategically supporting our automotive and mobility clients in today's competitive landscape," stated Lambert CEO Michelle Olson, APR. "Her years of experience in newsrooms and boardrooms is an invaluable asset that will benefit clients across the agency."
Merx is a Pulitzer-awarded journalist and Cicero-winning speechwriter with over 25 years of journalism and corporate communications leadership. Her experience spans the automotive, energy, and advanced technology sectors. She covered the global automotive beat for the Detroit Free Press and Bloomberg News and worked in corporate communications and media relations for Global 50, Fortune 500 and high-growth startup companies.
Throughout her career she has advised clients on strategic communications to establish, build and protect reputations; list companies on the New York Stock Exchange; facilitate megamergers; thwart activist investors; launch environmentally sustainable business divisions; introduce new CEOs; and position new businesses prominently on established industry playing fields.
Most recently, Merx served as CEO of Merx Communications, providing communications strategy, media relations and financial communications services to public companies and global startups. Before that, she held communications leadership positions with Fiat Chrysler Automobiles, Marathon Petroleum Corporation and Owens Corning. Merx also served in Public Affairs at the University of Michigan. In addition to the Detroit Free Press and Bloomberg News, she reported for Crain's Detroit Business, The Detroit News and The Sun News. Merx earned her bachelor's degree in journalism from Northwestern University.
"Few industries are as dynamic and fast-paced as the automotive, mobility and energy sectors," Merx said. "I'm thrilled to work with the Lambert team to help more companies successfully navigate the transition to electrification, autonomy, renewable energy, and new more efficient and sustainable methods of moving goods, people and society forward. The opportunity is boundless and so is my energy to help companies succeed in this space."
About Lambert
Founded in 1998, Lambert invented the PR and IR integrated agency model with over 20 years of continuous growth attributed to the firm's laser focus on strategic communications and bottom-line results in the achievement of client goals. The award-winning national agency is a top-40 PR and top-15 IR firm with top-5 specialties in automotive and mobility, education, and M&A/private equity, alongside robust practice areas in consumer packaged goods, healthcare and biotech, and tourism and hospitality. The firm's reach spans six major talent hubs, including Grand Rapids, Detroit, New York, St. Louis, Houston, and Phoenix. Lambert is a founding partner of TiiCKER, a shareholder loyalty, marketing, and perks platform, and an equity partner in minority-owned independent marketing agency 9th Wonder. Lambert's Founder and Chairman Jeff Lambert is the global board chair of PROI Worldwide, the world's largest and most diverse partnership of PR firms, and named 2021 Ally of the Year, the top diversity award in public relations issued by Diversity Action Alliance.
Media Contact
Andrea Eberle
aeberle@lambert.com
313.309.9500
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SOURCE Lambert | https://www.mysuncoast.com/prnewswire/2022/06/27/lambert-hires-award-winning-journalist-katie-merx-lead-its-automotive-mobility-team/ | 2022-06-27T13:09:49Z |
SAN FRANCISCO, Aug. 10, 2022 /PRNewswire/ -- Expedock, a leading innovator in the international freight software industry, today announced $13.5 million in Series A funding, bringing the company's total amount raised to $18 million. Global software investor Insight Partners led the round, with participation from VMG Catalyst as well as existing investors Pear and Neo and executives from Project 44, Salesforce, Meta, eBay, and Clearmetal. The round, which follows on the heels of the company's $4 million seed and 12x growth in 2021, will be used to expand Expedock's team to allow supply chain businesses to more efficiently understand and operationalize their data at scale.
Since the start of the COVID-19 pandemic, the global supply chain has fallen apart – and despite efforts by top supply chain businesses and even governments to find a solution, there are containers still waiting at US and global ports for weeks. Most recently, the current geopolitical conflict has made rerouting an even more difficult and expensive task. From a technology perspective the freight forwarding industry has long been behind. However, post-COVID bottlenecks and trends like remote work are now forcing the industry to play catch up, allowing those that adapt to break ahead of the competition. This is where Expedock comes in.
Expedock uses AI to transform paper documents into data, quickly classify them, and bring them into existing freight forwarder tools. The automation of invoices and statement of accounts, including their entry, reconciliation and posting, ensures on-time payment to vendors while also bringing accurate visibility to margins when billing shippers. Rather than spending half the day manually reviewing paperwork, supply chain experts can now focus on moving goods. The right automation partner will drive efficiency and profitability, reduce labor costs and keep up with today's global shipper.
"Expedock is reinventing how supply chain businesses are able to harness their own data. Given our 600% growth this past year, we are going to do even better by bringing on engineers to expand our use-cases and our account executives to support more customers," highlighted King Alandy Dy, CEO of Expedock.
Expedock works with some of the largest brands in the global supply chain, including Wayfair, ClearFreight, JUSDA, and Ascent, a subsidiary of Roadrunner Freight. The company is also supported by ZEBOX, CMA CGM's technology accelerator which helps cutting-edge technologies roll out within the organization.
"Expedock helped us gain visibility on our margins upon billing and pay our vendors on time. We previously had a rolling backlog of 3 weeks for invoice entry and audit. With Expedock, we no longer lose trucking capacity due to late vendor payments," said Jack Chang of JUSDA. JUSDA facilitates logistics for Foxconn, Apple, Samsung, Sharp, Nokia and Cisco.
"With their innovative use of AI to automate the time-consuming documentation process, Expedock is modernizing freight forwarding and reducing inefficiencies to keep goods moving," said Connor Guess, Senior Associate at Insight Partners. "Insight's bread and butter is software companies driving transformative change in their industries, and that's exactly what Expedock is doing in the international freight industry. We're thrilled to partner with King on this exciting chapter in the company's ScaleUp journey." Connor is joining Expedock's Board of Directors.
About Expedock
Expedock is the AI-powered automation service behind some of the leading players in the global supply chain. We are on a mission to build the data infrastructure that will drive unprecedented efficiency and profitability to all players in the industry.
Tens of thousands of freight containers are now being moved internationally via Expedock every week through our technology that eliminates inefficiencies by automating the manual processes and connects all physical and digital data sources into one platform.
Our international team of tech and logistics executives is committed to transforming the future of supply chain and logistics, one business at a time.
About Insight Partners
Insight Partners is a global software investor partnering with high-growth technology, software, and Internet startup and ScaleUp companies that are driving transformative change in their industries. As of February 24, 2022, the closing of the firm's recent fundraise, Fund XII, brings Insight Partners' regulatory assets under management to over $90B. Insight Partners has invested in more than 600 companies worldwide and has seen over 55 portfolio companies achieve an IPO. Headquartered in New York City, Insight has offices in London, Tel Aviv, and Palo Alto. Insight's mission is to find, fund, and work successfully with visionary executives, providing them with practical, hands-on software expertise to foster long-term success. Insight Partners meets great software leaders where they are in their growth journey, from their first investment to IPO. For more information on Insight and all its investments, visit insightpartners.com or follow us on Twitter @insightpartners.
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SOURCE Expedock | https://www.kxii.com/prnewswire/2022/08/10/expedock-raises-135m-series-led-by-insight-partners-solve-accelerate-global-supply-chain/ | 2022-08-10T13:23:22Z |
PLANO, Texas, Aug. 5, 2022 /PRNewswire/ -- United Energy (OTCMKTS: UNRG) -- United Energy Corporation today announced 100% acquisition of Integrity Terminals, LLC., adding to UNRG's previous minority ownership stake of 12%. According to Brian Guinn, UNRG CEO, "As a wholly owned subsidiary of UNRG, full ownership and operational control enables UNRG to implement aggressive plans for the project's completion while increasing shareholder value. Profitability. Responsibility. Sustainability. These are the hallmarks of our corporate mission."
UNRG has also acquired the option to purchase a total of 686 acres of land located in Iberville Parish, Louisiana. The land's purchase is subject to due diligence studies and permitting approvals prior to closing on the property.
Integrity Terminals is a planned greenfield facility and sophisticated bulk storage import/export project strategically located in Louisiana's Gulf Coastal area along the Mississippi River. This corridor connects U.S. oil and gas suppliers with domestic and international markets. The world-class and technologically advanced, multi-functional facility will store, blend, and distribute petroleum products, crude oil, biofuel, green energy, and non-petroleum compounds. Phase 1 will focus on rail storage and transport. Phases 2 and 3 will incorporate deep-water and barge access, bulk storage, and more complex rail rack and rail storage systems.
This ambitious project will reduce dependence on foreign sources and interrupted supply chains. Leveraging connectivity to key refineries, pipelines, and the country's network of highways, integrated terminals provide logistical and wholesale oil and gas distribution solutions. The terminal will embrace eco-friendly, LEED® certified building practices, relying heavily on carbon capture and vapor recovery technologies (with the goal of carbon neutrality), contributing to a cleaner, healthier environment.
In conjunction with the acquisition, UNRG also announces it has engaged EXCEL Midstream Solutions, Inc. of Houston, Texas as its strategic design, permitting, and engineering partner. EXCEL provides premier civil, structural, mechanical, fabrication, electrical and instrumentation engineering, construction, and maintenance services. Their dedication to safety, stellar quality, and highly skilled professionals sets them apart in the industry. EXCEL's current roster of exclusive partnerships represents a critical service providing affordable fuels and power along with significant sustainability and carbon reductions. EXCEL has commenced the initial due diligence, engineering, facilities design, and permitting efforts, estimating that construction for Phase 1 can begin as early as Q3/Q4 2023 and Q1/Q2 2024 for Phases 2 and 3.
Forward-Looking Disclaimer
https://twitter.com/UNRGCorp
Media Contact:
Kimberly Stillwagon
uecorpinfo@gmail.com
214-901-5453
Investor Contact:
Brian Guinn
info@unrgcorp.com
469-209-5829
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SOURCE United Energy Corporation | https://www.kxii.com/prnewswire/2022/08/05/united-energy-announces-major-corporate-advancements/ | 2022-08-05T14:33:57Z |
Showcase Cinema de Lux Warwick on Quaker Lane Now Features Re-Imagined Lobby & Concession Area, XPLUS Laser Premium Large Format Auditorium, and Fully Powered Recliners Throughout; Theater to Host Community Day on May 21 with $5 Tickets All Day
NORWOOD, Mass., May 16, 2022 /PRNewswire/ -- Showcase Cinemas, a world leader in the motion picture exhibition industry, today announced the completion of a multi-million-dollar renovation to its landmark Showcase Cinemas de Lux Warwick on Quaker Lane. To celebrate its new features, Showcase is inviting the public to come to the Cinema on Saturday, May 21 to experience the updates in person with $5 movie tickets, activities, music and more!
New Features at Showcase Cinema de Lux Warwick
In addition to the XPlus Laser Premium Large Format Auditorium unveiled in February, the cinema now also offers a re-imagined lobby bar and concession area, plus all-reserved and fully powered recliners, providing the ultimate movie-going experience.
Guests to Showcase Cinema de Lux Warwick on Quaker Lane will now enjoy a new state-of-the-art box office along with a brand-new concession and hot foods center. New offerings include Nathan's Famous Hot Dogs, Uno Express Pizzas, Pretzel Depot Hand-Rolled Pretzels, Starbucks Coffee and an array of tempting offers including sweet and savory Gourmet Popcorn and over 40 candy varieties. The new lobby also offers a fleet of Coca-Cola Freestyle machines and ICEE Frozen Beverages. In addition, the lobby bar features hand-crafted cocktails on tap, premium spirits, and craft beers that can be enjoyed in the auditorium or in the comfy lounge seating area. Guests can pre-order concessions via the Showcase App and retrieve them upon arrival at the Xpress Pick Up station.
"With all of these new updates, we are thrilled to offer the Warwick community the best movie-going experience possible, and look forward to inviting customers and guests to experience all of the new features themselves during our Community Day on May 21," said Mark Malinowski, VP of Global Marketing, Showcase Cinemas. "The new XPlus Laser Premium Large Format auditorium with laser projection and Dolby Atmos sound has already proven to be extremely popular with our guests, and we're excited to have completed this project in advance of the release of highly-anticipated films like 'Downton Abbey: A New Era' and 'Top Gun: Maverick,' plus many more coming this summer."
"Community Day" on May 21 at Showcase Cinema de Lux Warwick
On Saturday, May 21, Showcase Cinema de Lux Warwick on Quaker Lane is celebrating these exciting updates by inviting customers and the community to experience the new offerings with a day filled with games, food, film and fun.
All day on the 21st, guests can purchase tickets for $5 to all screenings including XPlus, with the exception of The Metropolitan Opera. Tickets must be reserved in advance at (https://www.showcasecinemas.com/showtimes/showcase-cinemas-warwick-quaker-lane). The event is open to adults and children alike, as family-friendly activities will include face painting, airbrush tattoos and balloon twisting from 10am – 6pm. Food sampling and special concessions will be offered throughout the day. Adding to the fun atmosphere, DJs from PRO-FM, LITE 105 FM, and HOT 106.3 FM will also be on site throughout the day, playing music, taking photos with fans, and giving out prizes to lucky winners.
The cinema will continue to offer customers its popular Starpass loyalty program providing 10% rewards back for virtually every purchase, along with its Popcorn Club for children. The theater has also introduced new weekly programming including Bargain Tuesdays, Senior Wednesdays, and Student Thursdays (Starpass members only). Starpass members receive additional ticketing discounts for Bargain Tuesdays and Senior Wednesdays. Corporate events and Open Caption screenings are also available.
For nearly 40 years, Showcase Cinema de Lux Warwick on Quaker Lane has been at the center of the Warwick and greater Providence community. Through the years, the theater has hosted local movie premieres, sponsored the Cumulus Radio High School Team of the Week program and supported numerous local causes and events.
For more information and to purchase movie tickets, visit https://www.showcasecinemas.com/showtimes/showcase-cinemas-warwick-quaker-lane.
About Showcase Cinemas
Showcase Cinemas is a world leader in the motion picture exhibition industry, operating more than 810 movie screens in the U.S., U.K., Argentina and Brazil under the Showcase, Cinema de Lux, SuperLux and UCI brands. With 22 theater locations in the United States, Showcase Cinemas delivers the finest entertainment experience, offering the best in viewing, comfort and dining. For more information about Showcase Cinemas please visit our website at www.showcasecinemas.com.
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SOURCE Showcase Cinemas | https://www.kxii.com/prnewswire/2022/05/16/showcase-cinemas-completes-multi-million-dollar-theater-renovation-its-warwick-location-quaker-lane/ | 2022-05-16T13:02:37Z |
NEW YORK, Sept. 8, 2022 /PRNewswire/ -- InvestorsObserver issues critical PriceWatch Alerts for AVCT, RIVN, IMRA, LYFT, and AEO.
To see how InvestorsObserver's proprietary scoring system rates these stocks, view the InvestorsObserver's PriceWatch Alert by selecting the corresponding link.
- AVCT: https://www.investorsobserver.com/lp/pr-stocks-lp-2/?symbol=AVCT&prnumber=090820225
- RIVN: https://www.investorsobserver.com/lp/pr-stocks-lp-2/?symbol=RIVN&prnumber=090820225
- IMRA: https://www.investorsobserver.com/lp/pr-stocks-lp-2/?symbol=IMRA&prnumber=090820225
- LYFT: https://www.investorsobserver.com/lp/pr-stocks-lp-2/?symbol=LYFT&prnumber=090820225
- AEO: https://www.investorsobserver.com/lp/pr-stocks-lp-2/?symbol=AEO&prnumber=090820225
(Note: You may have to copy this link into your browser then press the [ENTER] key.)
InvestorsObserver's PriceWatch Alerts are based on our proprietary scoring methodology. Each stock is evaluated based on short-term technical, long-term technical and fundamental factors. Each of those scores is then combined into an overall score that determines a stock's overall suitability for investment.
InvestorsObserver provides patented technology to some of the biggest names on Wall Street and creates world-class investing tools for the self-directed investor on Main Street. We have a wide range of tools to help investors make smarter decisions when investing in stocks or options.
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SOURCE InvestorsObserver | https://www.kxii.com/prnewswire/2022/09/08/thinking-about-buying-stock-american-virtual-cloud-technologies-rivian-automotive-imara-lyft-or-american-eagle-outfitters/ | 2022-09-08T15:22:50Z |
A Rockdale teen was arrested Monday after allegedly taking a gun into Rockdale High School for protection. No one was injured.
In a statement by the Rockdale Police Department on Monday, officers were notified by faculty that a 15-year-old juvenile had a gun at the school.
“Staff quickly secured the firearm and notified the Rockdale Police Department,” the statement said. “The suspect in question fled from school grounds prior to law enforcement’s arrival. Rockdale Police Officers were able to quickly locate and arrest the suspect, a 15-year-old juvenile, for possessing a firearm in a gun-free school zone, a third-degree felony.”
An anonymous tip led to the arrest through the district’s “quick tip” program.
The juvenile was taken to Rockdale Regional Juvenile Justice Center pending a detention hearing later this week.
“A subsequent investigation revealed the juvenile suspect was carrying the firearm for protection after receiving perceived threats the previous day,” the statement said.
On April 20, the department received a similar allegation at Rockdale Jr. High School.
“Our department and the staff of RISD conducted a swift investigation, identified the child in question, and was able to determine that no firearm was brought onto campus and no threats were made regarding a firearm,” a statement at the time said. "The child in question was disciplined by school officials for unrelated issues. As of this time, the Rockdale Police Department and RISD has no concerns for school safety regarding these allegations.” | https://www.tdtnews.com/news/central_texas_news/article_f8776e3e-c584-11ec-9050-cf2b6aad6d1a.html | 2022-04-26T20:47:48Z |
-- ISS Joins Glass Lewis in Recommending Stockholders Consent to Special Meeting
EL SEGUNDO, Calif., May 18, 2022 /PRNewswire/ -- Eileen Drake (the CEO of Aerojet Rocketdyne (NYSE: AJRD)) and the other members of the Committee For Aerojet Rocketdyne Shareholders and Value Maximization (the "Committee") today announced that Institutional Shareholder Services ("ISS") has recommended that stockholders consent to the request of special meeting of stockholders sought by the Committee. ISS is one of the nation's leading independent proxy voting advisory services, and their recommendations are relied upon by hundreds of major institutional investment firms, mutual funds and other fiduciaries.
ISS is the second leading independent proxy advisory firm to recommend that stockholders vote "FOR" the request of special meeting of stockholders sought by the Committee. As previously announced, Glass Lewis & Co. has also recommended that stockholders vote "FOR" the request of special meeting of stockholders.
In supporting Ms. Drake's and the Committee's solicitation to call a special meeting, ISS made the following observations:
Drake Slate v. Lichtenstein Slate
- "… while several of the Lichtenstein nominees appear to have ties to the Executive Chairman [Lichtenstein], there are no obvious links between CEO Drake and the directors in her corner…"
- "…it is also noteworthy that the new nominees that Drake has been able to recruit (in record time) seem to have robust professional experience, relevant skillsets, and appear likewise independent, in turn adding credibility to her solicitation."
Lichtenstein's Self-Interested Course of Action
- "Despite the executive chairman's claims of alignment with shareholders, he has pursued a course of action that more obviously benefits his interests than those of unaffiliated investors."
- "A delay scenario would appear to increase Lichtenstein's leverage, given that Steel Partners has greater resources, and that the Drake Group must self-fund its campaign and associated legal costs."
Need For Urgency
- "The urgency in this situation is self-evident, and the proponents of the special meeting have raised sufficiently plausible arguments and recruited a credible slate. This suggests that shareholders have cause to consider a case for board change, at the soonest available opportunity."
- "In assessing whether the potential benefits of further delaying the annual meeting outweigh the risks associated with doing so, shareholders should consider that Aerojet has already seen key executives leave the company since the board splintered into opposing factions, including its COO and GC."
Conclusion
ISS concluded that "… shareholders appear better served by supporting the Drake Group's consent solicitation, which should allow for a more expeditious vote on the substantive issues at hand, resolving an unproductive stalemate that has posed substantial risk to company, and allowing a reconstituted board to focus on matters most relevant to investors."
Shareholders with questions can contact our solicitor: D.F. King & Co., (212) 269-5550 (collect) or via e-mail at AJRD@dfking.com.
Important Information
This communication is being sent by members of the Committee in our individual capacity, and not on or behalf of Aerojet Rocketdyne Holdings, Inc (the "Company"). No Company resources were used in connection with these materials. We have neither sought nor obtained consent from any third party to use any statements or information indicated herein. On May 3, 2022, Eileen P. Drake and the other members of the Committee For Aerojet Rocketdyne Shareholders and Value Maximization filed a definitive solicitation statement with the Securities and Exchange Commission in connection with the solicitation of agent designations to call a special meeting of stockholders of the Company.
Contact:
D.F. King & Co., Inc.
Edward T. McCarthy / Tom Germinario
AJRD@dfking.com
Committee's Website:
https://maximizeajrdvalue.com
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SOURCE Committee for Aerojet Rocketdyne Shareholders and Value Maximization | https://www.wibw.com/prnewswire/2022/05/18/independent-proxy-advisory-firm-iss-recommends-special-meeting-aerojet-rocketdyne-stockholders/ | 2022-05-18T20:18:32Z |
‘You are a very courageous young girl’: 9-year-old honored for saving family from house fire
GLENDALE, Ariz. (AZFamily/Gray News) -- A 9-year-old Arizona girl was honored on Wednesday for saving her brother and sisters from their burning home.
“Rhae, you are a very courageous young girl who deserves to be recognized today as one of Glendale’s Fire Department’s ‘Little Heroes,’” Glendale firefighter Matt Bender said.
Rhae Parks is a third-grader who dreams of becoming a police officer, a job where she says she could save lives. But the Glendale Fire Department said she’s already a hero.
In February, a fire broke out at her family’s home in Glendale, according to AZFamily.
“Woke up in the middle of the night to some banging and some popping,” Philip Parks, Rhae’s dad, said. “We could hear it from the garage. We actually thought it was someone breaking into the garage. We went around to the front to look out. We could see some kind of glow from the fire.”
Rhae’s bedroom was directly over the flames, and she, too, heard the noises.
“The burning. I thought somebody was lighting fireworks outside our house,” Rhae said. “I heard him screaming in his crib saying, ‘There are fireworks going off!’”
Rhae’s school has a program where a firefighter will come and teach tips every month to make sure they’re safe in case of an emergency.
The Parks family says it’s thanks to that program that she knew what to do during this emergency.
“First thing she did was see the flames, ran right to her brother’s room and snatched him out of bed, and brought him to us,” Philip Parks said. “Went and made sure then that our second youngest, Gretchen, was accounted for.”
He says it was a proud moment for the whole family.
“Oh, it was fantastic; I mean, obviously, there was a lot going on, but just seeing her with her brother at the top of the stairs when we were all trying to get out was fantastic,” Philip Parks said.
Copyright 2022 KTVK/KPHO via Gray Media Group, Inc. All rights reserved. | https://www.mysuncoast.com/2022/05/19/you-are-very-courageous-young-girl-9-year-old-honored-saving-family-house-fire/ | 2022-05-19T22:44:40Z |
FORT WORTH, Texas, June 29, 2022 /PRNewswire/ -- Allied Electronics & Automation, a trading brand of RS Group plc (LSE: RS1), a global omni-channel provider of product and service solutions, is giving its employees a new way to work across its more than 40 locations with a new hybrid office space and flexible work model.
While the COVID-19 pandemic presented multiple challenges for nearly every business, it allowed Allied to realize that many of its employees wanted to work differently. By taking the best of how the company worked before the pandemic and combining it with both its own learnings and best practices from other successful similar companies, Allied developed a new physical workplace and working model that is more flexible and supportive, while optimizing the employee, customer and supplier experience.
"Flexible hybrid working has become the norm for many organizations across the globe with work life balance being at the center of employee priorities," President Ken Bradley said. "As a digitally enabled company, we are embracing the opportunity to create an environment and working culture that enables us to attract and retain the best talent. This change is just one part of a suite of programs we're introducing to become a digital employer of choice in a highly competitive labor market."
Before undertaking this pivot, Allied participated in a series of focus groups to hear from company leaders and employees around the globe. It also conducted external research to ensure the proper balance of business needs with the feedback, direction, and creativity to deliver a new experience that would benefit both employees and the business. Allied embraced this research and implemented the findings to completely update and modernize its working environment. During the renovation, employees received regular updates on the construction and could see photos and videos of the work being completed.
"Providing a modern, engaging work environment where our people want to be and can make the most out of their time together is vital to our ongoing success," said Vice President of People for the Americas, Katie Cartwright. "We have listened to our employees and recognize there are real benefits of flexible working, and for that reason, we are embracing the hybrid model where it makes sense from a customer and delivery perspective," Cartwright said. "Our working space has been transformed with collaboration and innovation at the heart of the upgrade."
Renovations of the company's facilities on the northeast side of Fort Worth were completed on April 11, 2022, and were led by architecture firm DLR Group. The space was rebuilt to provide a more open design with space specifically allocated for customers and suppliers to take advantage of the new layout.
The custom design highlights Allied's innovative and transparent company culture. The common working area on every floor is surrounded by windows for optimal natural sunlight. As part of the company's commitment to sustainability, the space is equipped with Follet filtered water bottle filling stations, energy-efficient LED light fixtures, and solar tinted windows. Employee wellbeing is also front and center with the introduction of a 'relaxation' room as well as a private mothers' room for employees who are returning to work after maternity leave. The entire building also meets certification standards for wheelchair and mobility assistance device accessibility. Every workstation features a movable sit/stand desk for optimal employee health and comfort, and there are also informal breakout zones where employees can choose to work on sofas or armchairs. Employees can book a desk via a cloud-based reservation system according to their preferences at any time, and all conference and collaboration rooms are outfitted with top-of-the-line conference equipment to accommodate both in-person and virtual hybrid meetings.
In addition to the upgrades in technology and physical space, Allied also recognizes that this change in how their employees work has an impact on what great leadership looks like. To support their leaders, they have launched a series of workshops to help managers better lead hybrid teams with a real emphasis on ensuring remote and hybrid employees stay connected with their teammates while delivering great work for their customers.
"Our goal is to help create a better future of work for all of our employees at Allied. In our vision, that means a workplace that is flexible and inclusive, where our people can make amazing happen for a better world," said Bradley.
To learn more about Allied and see open career positions, visit the website here.
Allied Electronics & Automation is a trading brand of RS Group plc (formerly Electrocomponents plc), a global omni-channel provider of product and service solutions for designers, builders and maintainers of industrial equipment and operations. RS Group plc stocks more than 700,000 industrial and electronic products, sourced from over 2,500 leading suppliers, and provides a wide range of product and service solutions to over 1.2 million industrial customers. With operations in 32 countries, we trade through multiple channels and ship nearly 60,000 parcels daily.
We support customers across the product life cycle, whether via innovation and technical support at the design phase, improving time to market and productivity at the build phase, or reducing purchasing costs and optimizing inventory in the maintenance phase. We offer our customers tailored product and service propositions that are essential for the successful operation of their businesses and help them save time and money.
RS Group plc is listed on the London Stock Exchange with stock ticker RS1 and in the fiscal year that ended March 31, 2022, reported revenue of $3.3 billion. RS Group plc has nine operating brands: RS Components, Allied Electronics & Automation, RS PRO, OKdo, DesignSpark, IESA, Synovos, Needlers and Liscombe.
For more information about Allied Electronics & Automation, please visit www.alliedelec.com/ or connect with us via social media on Facebook, Twitter and LinkedIn.
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Editorial Contact & Media Inquiries:
Karen Gavenda
Allied Electronics & Automation, part of RS Group
Karen.Gavenda@alliedelec.com
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SOURCE Allied Electronics & Automation | https://www.kxii.com/prnewswire/2022/06/29/allied-electronics-amp-automation-opens-new-hybrid-office-space-amp-launches-flexible-work-model/ | 2022-06-29T13:49:12Z |
Tokyo’s iconic Nakagin Capsule Tower to be demolished
Oscar Holland, CNN and Junko Ogura, CNN
One of Japan’s most distinctive works of contemporary architecture, the Nakagin Capsule Tower in Tokyo, will be demolished this month, according to the building’s new owners.
The decision ends years of uncertainty surrounding the eye-catching structure, which once offered a futuristic vision of urban living but had recently fallen into disrepair.
Completed in 1972, the tower comprises 144 factory-built units arranged around two concrete cores. Each 10-square-meter (108-square-foot) “capsule” features a porthole-style window, with appliances and furniture built into the structure of each home.
The building is considered a prime example of Metabolism, an architectural movement that emerged from the ruins of World War II with a radical new vision for Japan’s cities. As well as embracing technology and mass production, the avant-garde group’s members looked to nature for inspiration, with structural components treated like organic cells that could be “plugged” into a larger whole or later replaced.
The building’s designer, Kisho Kurokawa — one of Metabolism’s youngest adherents — had originally envisaged the Tokyo tower’s capsules being replaced every 25 years. But they instead grew dilapidated and outdated, with many of the apartments now sitting empty, used for storage and office space, or rented out to architecture enthusiasts on a short-term basis.
In 2007, the owners’ association voted to sell the tower to a property developer that intended to demolish and replace it. But the firm filed for bankruptcy during the 2008 recession, and the site’s fate was thrown into years-long limbo.
Owners again agreed to sell in 2021, and the building was acquired by a group of real estate firms operating under the name Capusule Tower Building (CTB). A spokesperson for the joint venture, Takashi Shindo, told CNN over the phone that the last residents moved out last month, with demolition scheduled to begin April 12.
Preservationists had long expressed hope that the building might be saved — including Kurokawa, before his death in 2007. Petitions and campaigns have called for the structure to be protected as an example of Japan’s architectural heritage. (Although the Metabolism movement proved influential, very few of its proposals were ever realized, making Nakagin Capsule Tower a rare living example of the group’s philosophy.)
The organization behind the conservation campaign, the Nakagin Capsule Tower Building Preservation and Regeneration Project, asked city authorities to intervene — and even considered applying for protected status with UNESCO. But neither approach proved successful, according to project member Tatsuyuki Maeda, who acquired 15 of the capsules between 2010 and the building’s sale last year.
“Japan does not have the legislation to preserve this kind of architectural culture,” he said over the phone. “It is unfortunate that one of the country’s most representative examples of modern architectural heritage will be lost.”
Maeda said that efforts to raise the 2 to 3 billion yen ($16 million to $24 million) required to renovate the tower and remove asbestos were hampered by the Covid-19 pandemic. The project has since shifted focus towards raising funds to refurbish and repurpose individual units in the hope that institutions might look to acquire “unplugged” capsules.
Maeda said the project has received around 80 inquiries, with the Centre Pompidou in Paris among the museums to have expressed interest in obtaining one, he added. The Museum of Modern Art in Saitama, Japan, meanwhile has a unit in its collection already.
Kurokawa’s architecture firm, which continued operating after his death, announced that it intends to preserve the building in a “digital space.”
“We are determined to preserve the capsules, even if the building is demolished,” said Maeda. “Dozens of capsules with relatively little aging will be recovered and rehabilitated.
“There is no doubt that the building was famous, but the Capsule Tower also had a certain charm that appealed to people. Everyone who stayed there was creative in his or her own way, and the community that formed was truly fascinating. I am sad to see it go, but I hope it will live on in a new form.”
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™ & © 2022 Cable News Network, Inc., a WarnerMedia Company. All rights reserved. | https://localnews8.com/entertainment/cnn-style/2022/04/04/tokyos-iconic-nakagin-capsule-tower-to-be-demolished/ | 2022-04-05T03:11:59Z |
NEW YORK, July 9, 2022 /PRNewswire/ --
WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of Upstart Holdings, Inc. (NASDAQ: UPST) between March 18, 2021 and May 9, 2022, inclusive (the "Class Period") of the important July 12, 2022 lead plaintiff deadline.
SO WHAT: If you purchased Upstart securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.
WHAT TO DO NEXT: To join the Upstart class action, go to https://rosenlegal.com/submit-form/?case_id=6208 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than July 12, 2022. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.
WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources or any meaningful peer recognition. Many of these firms do not actually handle securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs' Bar. Many of the firm's attorneys have been recognized by Lawdragon and Super Lawyers.
DETAILS OF THE CASE: According to the lawsuit, defendants made false and/or misleading statements and/or failed to disclose that: (1) Upstart's AI model could not adequately account for macroeconomic factors such as interest rates that impact the market-clearing price for loans; (2) as a result, Upstart was experiencing negative impact on its conversion rate; (3) as a result, Upstart was reasonably likely to use its balance sheet to fund loans; and (4) as a result of the foregoing, defendants' positive statements about Upstart's business, operations, and prospects were materially false and/or misleading and/or lacked a reasonable basis. When the true details entered the market, the lawsuit claims that investors suffered damages.
To join the Upstart class action, go to https://rosenlegal.com/submit-form/?case_id=6208 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action.
No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor's ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.
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Attorney Advertising. Prior results do not guarantee a similar outcome.
Contact Information:
Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, P.A.
275 Madison Avenue, 40th Floor
New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
lrosen@rosenlegal.com
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cases@rosenlegal.com
www.rosenlegal.com
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SOURCE Rosen Law Firm, P.A. | https://www.mysuncoast.com/prnewswire/2022/07/09/upst-final-deadline-tuesday-rosen-global-investor-counsel-encourages-upstart-holdings-inc-investors-secure-counsel-before-important-july-12-deadline-securities-class-action-upst/ | 2022-07-10T10:48:33Z |
Most significant headroom expected in emerging economies
SINGAPORE, July 22, 2022 /PRNewswire/ -- Leading global derivatives exchange - Bitget, is pleased to release a joint report with Boston Consulting Group (BCG) and Foresight Ventures. Bitget's first in-depth industrial report 'What Does the Future Hold for Crypto Exchanges', dives into the competitive landscape of crypto exchanges, unveils substantial development trends in crypto trading markets, its role on enabling the Web3 economy and shares insights on how to navigate the crypto space during a bear market.
This report offers an intensive study on the developing environment for crypto exchanges from different lenses, such as a thriving derivative market, momentum of rapid trading volume growth, regulation impacts and innovative applications. The report also brings a forward-looking view on the end-state competitive landscape, as well as perspectives on growth avenues for crypto exchanges.
Commenting on the report, Managing Director of Bitget, Gracy Chen said, "This report shines light on the recent developments of the crypto market, with keen insights revolving around crypto exchanges and the future paths of winning operations. We continue to witness tremendous enthusiasm from investors despite such market conditions. According to the findings of the report, crypto trading volume still has large headroom to grow, while LATAM and APAC remain the two most attractive regions for global players to expand into, due to higher market potential and progressive crypto regulations. This is the same view echoing our developing strategy, as these two regions are among those of our primary focus. Meanwhile, we will continue to enhance our products with creativity and innovation, boost adoption of crypto trading and social trading, with the vision to increase financial independence for the rest of the world."
Managing Director and Senior Partner of BCG, Tjun Tang said, "Despite the recent market disruption, we believe the market has opportunities for growth ahead. Crypto exchanges play a key role in the Web3 ecosystem by providing access, liquidity, and infrastructure. With competition intensifying, crypto exchanges must adapt to the dynamic market situation and transform their strategy to beat the competition. In this report, we offer perspectives on the future of Web3 adoption, emerging high potential markets, and the crypto exchange competitive landscape and future end-state. We highlight unique growth opportunities that crypto exchanges can explore: strengthening and scaling core offerings; expanding into adjacent products and offerings; developing innovative business models; and leading the way in bringing Web3 solutions to traditional industries."
For more information on the report, please refer to the executive summary below or view the full report here. (https://bit.ly/3RSBDDC).
About Bitget
Established in 2018, Bitget is one of the world's leading cryptocurrency exchanges with a core focus on social trading. Currently serving over two million users in more than 50 countries around the world, Bitget accelerated its mission to promote decentralised finance with a 600-strong workforce representing over 38 nationalities.
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 help clients with total transformation—inspiring complex change, enabling organisations to grow, building competitive advantage, and driving bottom-line impact.
For media queries, please contact:
Andrea Leung
andrea.leung@bitget.com
Photo: https://mma.prnewswire.com/media/1864708/BCG_Bitget_Foresight.jpg
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SOURCE Bitget | https://www.mysuncoast.com/prnewswire/2022/07/22/bitget-bcg-foresee-crypto-exchanges-play-key-role-enabling-web3-transformation/ | 2022-07-22T14:28:19Z |
HOLON, ISRAEL, June 27, 2022 /PRNewswire/ -- Compugen Ltd. (Nasdaq: CGEN), a clinical-stage cancer immunotherapy company and a pioneer in computational target discovery, today announced that members of its management team will present at the following industry conferences in Europe:
Event: 10th Antibody Industrial Symposium, Montpellier, France
Date: Tuesday June 28, 2022
Presenter: Pierre Ferré, Ph.D., VP, Preclinical Development, Compugen
Presentation track: IO mAb targets – BsAbs – Fc-fusion protein/ Rare Diseases
Presentation title: PVRIG and TIGIT immune checkpoint blockade in cancer: Emerging translational data from clinical trials
Event: Immuno UK, London, UK
Dates: Thursday September 29 and Friday September 30, 2022
Presenter: Eran Ophir, Ph.D., SVP, Research and Drug Discovery, Compugen
Presentation track: Discovery & Development: Intratumoral Immunotherapies & Antibody Therapies
Presentation title: Potential of PVRIG and TIGIT blockade in addressing immunotherapy resistance
Panel Discussion: Combinatorial Strategies in Immuno-Oncology
Slides will be accessible on the publication section of the Compugen website at www.cgen.com
About Compugen
Compugen is a clinical-stage therapeutic discovery and development company utilizing its broadly applicable predictive computational discovery capabilities to identify new drug targets and biological pathways for developing cancer immunotherapies. Compugen has developed two proprietary product candidates: COM701, a potential first-in-class anti-PVRIG antibody, for the treatment of solid tumors, in Phase 1 as a single agent and in dual, and triple combinations; COM902, a potential best-in-class monoclonal antibody targeting TIGIT for the treatment of solid and hematological tumors, undergoing Phase 1 studies as a single agent and in dual combination with COM701. Partnered programs include bapotulimab an antibody targeting ILDR2 in Phase 1 development, licensed to Bayer under a research and discovery collaboration and license agreement, and a TIGIT/PD-1 bispecific derived from COM902 (AZD2936) in Phase 1/2 development by AstraZeneca through a license agreement for the development of bispecific and multi-specific antibodies. In addition, the Company's therapeutic pipeline of early-stage immuno-oncology programs consists of programs aiming to address various mechanisms of immune resistance, including myeloid targets. Compugen is headquartered in Israel, with offices in South San Francisco, CA. Compugen's shares are listed on Nasdaq and the Tel Aviv Stock Exchange under the ticker symbol CGEN.
Company contact:
Yvonne Naughton, Ph.D.
Head of Investor Relations and Corporate Communications
Email: ir@cgen.com
Tel: +1 (628) 241-0071
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SOURCE Compugen Ltd. | https://www.mysuncoast.com/prnewswire/2022/06/27/compugen-present-upcoming-industry-conferences/ | 2022-06-27T11:30:52Z |
FBI investigating assassination plot against George W. Bush, reports say
(Gray News) - Court documents show the FBI is investigating an alleged plot to assassinate former President George W. Bush, according to multiple reports.
CNN reported Shihab Ahmed Shihab, an Iraqi national, entered the U.S. in September 2020, and the FBI requested a search warrant for his phone records. The FBI stated in the documents it believes he wanted to smuggle people into the country to kill Bush, and he allegedly went to Dallas to conduct surveillance on the former president’s home, NBC News stated.
Shibab is in custody. The FBI stated in the search warrant application that it is considering charges of threats against a former president, material support to ISIS and visa fraud.
Copyright 2022 Gray Media Group, Inc. All rights reserved. | https://www.wibw.com/2022/05/24/fbi-investigating-assassination-plot-against-george-w-bush-reports-say/ | 2022-05-24T19:21:25Z |
HONG KONG, June 30, 2022 /PRNewswire/ -- BIT Mining Limited (NYSE: BTCM) (the "Company"), a leading technology-driven cryptocurrency mining company, today announced the completion of a spin-off with Viking Data Centers LLC ("Viking Data Centers") in developing and operating the Ohio cryptocurrency mining data center (the "Ohio Mining Site").
The Company had been jointly developing the Ohio Mining Site with Viking Data Centers through its affiliate for a total planned power capacity of 150 megawatts ("MW"). After completion of the spin-off, the Company, through its affiliate, has exclusive access to 82.5MW of planned electrical power and Viking Data Centers has exclusive access to the remaining 67.5MW, in accordance to their respective equity ownership immediately prior to the spin-off.
The mining space with access to 50MW has been completed by the closing of this spin-off transaction and is already in operation at the Ohio Mining Site. After the spin-off, the Company retains exclusive access to the entire 50MW and will continue the full operation of the corresponding mining space. The Company believes that the spin-off may accelerate the construction process of the remaining mining space in the Ohio Mining Site to which the Company has exclusive access – namely, the mining space with exclusive access to 32.5MW electrical power. The Company expects this mining space to be completed by the second half of 2022.
The Company's substantial and proven experience includes state-of-the-art data mining centers located in Kazakhstan, Ohio, Sichuan Province and Hong Kong. Furthermore, the Company has been utilizing renewable resources in these data centers, including building a 435MW hydropower center in China's Sichuan Province. It also specializes in enduring construction, successfully building data centers which isolate machines and protect them from severe weather conditions and the extreme heat and cold temperatures around the world.
"We will continue to devote our resources to the Ohio Mining Site in light of better cost control and operational efficiency improvement," commented Mr. Xianfeng Yang, CEO of the Company. "While the cooperation with Viking Data Centers has helped with our initial entrance into the North American market, we believe that carving out the Ohio Mining Site business will further enhance our overall operational efficiency as we expand our business. Going forward, we are considering collaborations with Viking Data Centers on other projects. We will continue to execute on our plan, investing in technology, innovation, and high-quality mining resources worldwide, while building a strong foundation across the cryptocurrency ecosystem."
About BIT Mining
BIT Mining (NYSE: BTCM) is a leading technology-driven cryptocurrency mining company, with a long-term strategy to create value across the cryptocurrency industry. Its business covers cryptocurrency mining, mining pool, and data center operation. The Company owns the world's top blockchain browser BTC.com and the comprehensive mining pool business operated under BTC.com, providing multi-currency mining services including BTC, ETH and LTC. The Company also owns a 7-nanometer cryptocurrency mining machine manufacturer, Bee Computing, completing the Company's vertical integration with its supply chain, increasing its self-sufficiency and strengthening its competitive position.
Forward-Looking Statements
This news release contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in 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," "target," "going forward," "outlook" and similar statements. Such statements are based upon management's current expectations and current market and operating conditions and relate to events that involve known or unknown risks, uncertainties and other factors, all of which are difficult to predict and many of which are beyond the Company's control, which may cause the Company's actual results, performance or achievements to differ materially from those in the forward-looking statements. Important factors that could cause BIT Mining's actual results to differ materially from those indicated in the forward-looking statements. Further information regarding these and other risks, uncertainties or factors is included in the Company's filings with the U.S. Securities and Exchange Commission. The Company does not undertake any obligation to update any forward-looking statement as a result of new information, future events or otherwise, except as required under law.
For further information:
BIT Mining Limited
ir@btcm.group
Ir.btcm.group
www.btcm.group
The Piacente Group, Inc.
Brandi Piacente
Tel: +1 (212) 481-2050
Email: BITMining@thepiacentegroup.com
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SOURCE BIT Mining Limited | https://www.wibw.com/prnewswire/2022/06/30/bit-mining-limited-improve-efficiency-ohio-mining-site-after-business-spin-off/ | 2022-06-30T12:30:44Z |
Loyola University’s Sister Jean turns 103
CHICAGO (WLS) – Sister Jean Dolores Schmidt, the beloved ambassador of Loyola University, turned 103 on Sunday.
The city of Chicago is honoring her by naming a plaza on campus after her. Friends, family and people from all over the community gathered to celebrate her birthday and plaza dedication.
A sign on the plaza reads, “Sister Jean Dolores Schmidt, BVM Plaza” and “Home of the World Famous Sister Jean!”
Schmidt said she plans on visiting her namesake plaza more often.
“And to dedicate the plaza? That’s something very special. I’ll come more frequently, I know that! I know that for sure,” she said.
Donned in her maroon and gold, whether off or on the sidelines, and cheering for the Ramblers, she makes an impact that goes well beyond the court as an educator and mentor.
Sister Jean gained overnight popularity in 2018 during the NCAA Tournament when Loyola upset Miami.
She said her secret to longevity is eating well, sleeping well and praying well.
She will continue her birthday celebration on Tuesday when she will throw out the first pitch at the Chicago Cubs game.
Schmidt said perhaps she should “get better prepared to get to heaven,” but for now, “I’m having so much fun.”
Copyright 2022 WLS via CNN Newsource. All rights reserved. | https://www.wibw.com/2022/08/23/loyola-universitys-sister-jean-turns-103/ | 2022-08-23T18:13:40Z |
What is monkeypox and its signs and symptoms?
By Sandee LaMotte, CNN
An extremely rare disease called monkeypox, a cousin of smallpox, has again made its way to the United States. A case of monkeypox was reported Wednesday in a patient hospitalized in Massachusetts who had recently traveled to Canada in private transportation.
In 2021, two people traveling from Nigeria to the US were diagnosed with the disease, according to the Centers for Disease Control and Prevention.
Monkeypox is mostly found in West and Central Africa, but additional cases have been seen in Europe, including the United Kingdom, and other parts of the world in recent years. Those cases are typically linked to international travel or imported animals infected with the pox, the CDC said.
On Thursday, Spain confirmed seven cases of monkeypox in Madrid and are investigating another 22; Italy confirmed its first case; and Canadian public health officials announced they are investigating 17 suspected cases of monkeypox in Montreal.
Several cases of monkeypox in the UK among people who have no known travel or contact with others with the virus have health officials there and at the CDC concerned, but there is no cause for alarm, US Surgeon General Dr. Vivek Murthy said Thursday on CNN’s “New Day.”
“At this time, we don’t want people to worry,” Murthy said. “These numbers are still small; we want them to be aware of (the) symptoms, and if they have any concerns to reach out to their doctor.”
What are the initial symptoms of monkeypox?
There is an incubation period of some seven to 14 days, the CDC said. Initial symptoms are typically flu-like, such as fever, chills, exhaustion, headache and muscle weakness, followed by swelling in the lymph nodes, which help the body fight infection and disease.
“A feature that distinguishes infection with monkeypox from that of smallpox is the development of swollen lymph nodes,” the CDC said.
Next comes a widespread rash on the face and body, including inside the mouth and on the palms of the hands and soles of the feet.
The painful, raised poxes are pearly and fluid-filled, often surrounded by red circles. The lesions finally scab over and resolve over a period of two to three weeks, the CDC said.
“Treatment is generally supportive as there are no specific drugs available. However, a vaccine is available that can be given to prevent the development of disease,” Jimmy Whitworth, professor of international public health at the London School of Hygiene & Tropical Medicine, said in a statement.
How is monkeypox spread?
Close contact with an infected individual is required for the spread of the monkeypox virus, experts say.
Infection can develop after exposure to “broken skin, mucous membranes, respiratory droplets, infected body fluids or even contact with contaminated linen,” Neil Mabbott, personal chair in immunopathology at the veterinary school of the University of Edinburgh in Scotland, said in a statement.
“When the lesions have healed, the scabs (which might carry infectious virus) can be shed as dust, which could be inhaled,” said Dr. Michael Skinner, who is on the faculty of medicine in the department of infectious disease at Imperial College London, in a statement.
Transmission between people occurs primarily through large respiratory droplets, and because such droplets typically travel only a few feet, “prolonged face-to-face contact is required,” the CDC said.
“Monkeypox can be a serious infection, with mortality rates from this type of monkeypox virus having been around 1% in other outbreaks. These are often in lower-income settings with limited access to health care,” said Michael Head, senior research fellow in global health at the University of Southampton in the UK.
However, in the developed world, “it would be very unusual to see anything more than a handful of cases in any outbreak, and we won’t be seeing (Covid)-style levels of transmission,” Head said in a statement.
Common household disinfectants can kill the monkeypox virus, according to the CDC.
Where did monkeypox originate?
Monkeypox got its name in 1958 when “two outbreaks of a pox-like disease occurred in colonies of monkeys kept for research,” the CDC said.
However, the main disease carrier of monkeypox is still unknown, although “African rodents are suspected to play a part in transmission,” the agency said.
The first known case of monkeypox in people was “recorded in 1970 in the Democratic Republic of Congo during a period of intensified effort to eliminate smallpox,” the CDC said.
After 40 years with no reported cases, monkeypox reemerged in Nigeria in 2017, the CDC said. Since then, there have been more than 450 reported cases in Nigeria and at least eight known exported cases internationally, the agency said.
A outbreak occurred in the US in 2003 after forty-seven people in six states — Illinois, Indiana, Kansas, Missouri, Ohio and Wisconsin — became ill due to contact with their pet prairie dogs, the CDC said.
“The pets were infected after being housed near imported small mammals from Ghana,” the CDC said. “This was the first time that human monkeypox was reported outside of Africa.”
The-CNN-Wire
™ & © 2022 Cable News Network, Inc., a WarnerMedia Company. All rights reserved.
CNN’s Michael Nedelman, Paula Newton, John Bonifield, Naomi Thomas, Alex Hardie and Benjamin Brown contributed to this report. | https://localnews8.com/health/cnn-health/2022/05/20/what-is-monkeypox-and-its-signs-and-symptoms-3/ | 2022-05-20T14:51:33Z |
Results driven by positive margin, expense and credit trends.
GREEN BAY, Wis., April 21, 2022 /PRNewswire/ -- Associated Banc-Corp (NYSE: ASB) ("Associated" or "Company") today reported net income available to common equity ("earnings") of $71 million, or $0.47 per common share, for the quarter ended March 31, 2022. These amounts compare to earnings of $89 million, or $0.58 per common share for the quarter ended March 31, 2021 and earnings of $74 million, or $0.49 per common share for the quarter ended December 31, 2021.
"Our first quarter results were marked by strong positive momentum in our strategic lending initiatives," said President and CEO Andy Harmening. "Commercial line utilization continues to climb, employment trends in our markets continue to reflect robust productivity and credit remains remarkably benign. Our core customers continue to borrow and grow, and we remain committed to supporting them with their financial needs. In this spirit, we also announced today that we plan to implement several changes to our overdraft program in the third quarter of this year. These changes are expected to reduce the total burden of overdrafts to our customers by approximately 30%."
"As a bank, we're in a far different place than we were a year ago," Harmening continued. "We're well-positioned to deliver expanding margins, positive operating leverage and enhanced value to all of our stakeholders as we move through 2022."
- Average loans were up $302 million to $24.1 billion
- Excluding PPP, average Commercial & Business Lending loans were up $177 million to $9.0 billion
- Average deposits were up $245 million to $28.6 billion
- Quarterly net interest margin was up two basis points to 2.42%
- Net interest income was up $1 million to $188 million
- Noninterest income was down $7 million to $74 million
- Noninterest expense was down $9 million to $173 million
- Provision for credit losses was negative $4 million compared to negative $6 million
- Net income available to common equity was down $3 million to $71 million
First quarter 2022 average total loans of $24.1 billion were up 1%, or $302 million from the prior quarter and were down 1%, or $366 million from the same period last year. Excluding PPP, average total loans of $24.1 billion were up 2%, or $374 million from the prior quarter and were up 2%, or $397 million from the same period last year. With respect to first quarter 2022 average balances by loan category:
- Commercial and business lending (excluding PPP) increased $177 million from the prior quarter and increased $481 million compared to the same period last year to $9.0 billion.
- Commercial real estate lending increased $43 million from the prior quarter and increased $6 million from the same period last year to $6.2 billion.
- Consumer lending was $8.9 billion, up $154 million from the prior quarter and down $90 million from the same period last year.
- PPP loans decreased $71 million from the prior quarter and decreased $763 million from the same period last year to $44 million.
First quarter 2022 period-end total loans of $24.5 billion were up 1%, or $307 million from the prior quarter and were up 2%, or $370 million from the same period last year. Excluding PPP, period-end total loans of $24.5 billion were up 1%, or $355 million from the prior quarter and were up 5%, or $1.2 billion from the same period last year. With respect to first quarter 2022 period-end balances by loan category:
- Commercial and business lending (excluding PPP) decreased $51 million from the prior quarter and increased $759 million from the same period last year to $9.3 billion.
- Commercial real estate lending increased $36 million from the prior quarter and increased $86 million from the same period last year to $6.2 billion.
- Consumer lending was $9.0 billion, up $370 million from the prior quarter and up $343 million from the same period last year.
- PPP loans decreased $48 million from the prior quarter and decreased $819 million from the same period last year to $18 million.
In 2022, we expect full-year auto finance loan growth of over $1.2 billion and total commercial loan growth of $750 million to $1 billion.
First quarter 2022 average deposits of $28.6 billion were up 1%, or $245 million compared to the prior quarter and were up 7%, or $1.8 billion from the same period last year. With respect to first quarter 2022 average balances by deposit category:
- Noninterest-bearing demand deposits decreased $100 million from the prior quarter and increased $650 million from the same period last year to $8.3 billion.
- Savings increased $163 million from the prior quarter and increased $720 million from the same period last year to $4.5 billion.
- Interest-bearing demand deposits increased $216 million from the prior quarter and increased $1.0 billion from the same period last year to $6.7 billion.
- Money market deposits increased $138 million from the prior quarter and increased $155 million from the same period last year to $7.0 billion.
- Time deposits decreased $68 million from the prior quarter and decreased $345 million from the same period last year to $1.3 billion.
- Network transaction deposits decreased $103 million from the prior quarter and decreased $345 million from the same period last year to $735 million.
First quarter 2022 period-end deposits of $28.4 billion were down $61 million compared to the prior quarter and were up 3%, or $728 million from the same period last year. Low-cost core deposits (interest-bearing demand, noninterest-bearing demand and savings) made up 68% of deposit balances as of March 31, 2022. With respect to first quarter 2022 period-end balances by deposit category:
- Noninterest-bearing demand deposits decreased $188 million from the prior quarter and decreased $180 million from the same period last year to $8.3 billion.
- Savings increased $251 million from the prior quarter and increased $628 million from the same period last year to $4.7 billion.
- Interest-bearing demand deposits decreased $403 million from the prior quarter and increased $868 million from the same period last year to $6.6 billion.
- Money market deposits increased $338 million from the prior quarter and decreased $316 million from the same period last year to $7.5 billion.
- Time deposits decreased $58 million from the prior quarter and decreased $272 million from the same period last year to $1.3 billion.
- Network transaction deposits (included in money market and interest-bearing deposits) decreased $4 million from the prior quarter and decreased $292 million from the same period last year to $763 million.
First quarter 2022 net interest income of $188 million was up 1%, or $1 million from the prior quarter and the net interest margin increased 2 basis points from the prior quarter to 2.42%. Compared to the same period last year, net interest income increased 7%, or $12 million, and the net interest margin increased 3 basis points.
- The average yield on total loans for the first quarter of 2022 decreased 5 basis points from the prior quarter and decreased 7 basis points from the same period last year to 2.81%.
- The average cost of total interest-bearing liabilities for the first quarter of 2022 decreased 1 basis point from the prior quarter and decreased 14 basis points from the same period last year to 0.26%.
- The net free funds benefit for the first quarter of 2022 remained flat to the prior quarter and decreased 4 basis points compared to the same period last year to 0.08%.
We now expect short-term interest rates to rise following each of this year's Federal Open Market Committee meetings. Assuming rate increases of 25 basis points or more following each meeting, we now expect our 2022 net interest income to exceed $840 million.
First quarter 2022 total noninterest income of $74 million decreased $7 million from the prior quarter and decreased $21 million from the same period last year. With respect to first quarter 2022 noninterest income line items:
- Mortgage Banking, net was $8 million for the first quarter, up slightly from the prior quarter. Relative to the prior-year period, Mortgage Banking was down $16 million, driven by slowing refinance activity and higher retention of mortgages on our balance sheet.
- Service charges and deposit account fees decreased slightly from the prior quarter and increased $2 million from the same period last year.
- Card-based fees decreased $1 million from the prior quarter and increased slightly from the same period last year.
- Capital markets fees decreased $1 million from the prior quarter and increased $1 million from the same period last year.
Guided by customer feedback, we announced today that we are making several customer-friendly changes to our overdraft program in the third quarter of 2022. The planned changes are expected to reduce service charges and deposit account fees by approximately $3 million in 2022. Additional details can be found in the press release available at investor.associatedbank.com.
Given our revised outlook for higher rates in 2022, we are also modifying our noninterest income guidance. We are now expecting less mortgage banking income and lower service charge revenues for both commercial and consumer customers over the back half of the year. We now expect total noninterest income for the year of between $290 million and $300 million.
First quarter 2022 total noninterest expense of $173 million decreased $9 million from the prior quarter and decreased $2 million compared to the same period last year. With respect to first quarter 2022 noninterest expense line items:
- Personnel expense decreased $3 million from the prior quarter and increased $1 million from the same period last year.
- Other expense decreased $7 million from the prior quarter and decreased $2 million from the same period last year, primarily driven by a reduction in pension, donation and other expenses.
We expect total noninterest expense of approximately $725 million to $740 million for 2022.
The first quarter 2022 tax expense was $19 million compared to $15 million of tax expense in the prior quarter and $25 million of tax expense in the same period last year. The effective tax rate for first quarter of 2022 was 20.1% compared to an effective tax rate of 16.5% in the prior quarter.
We expect the annual 2022 tax rate to be between 19% and 21%, assuming no change in the statutory corporate tax rate.
The first quarter 2022 provision for credit losses was negative $4 million, compared to a negative provision of $6 million in the prior quarter and a negative provision of $23 million in the same period last year. With respect to first quarter 2022 credit quality:
- Total accruing loans 30-89 days past due of $13 million were down $3 million from the prior quarter and down $2 million from the same period last year.
- Nonaccrual loans of $143 million were up $13 million from the prior quarter and down $20 million from the same period last year. The nonaccrual loans to total loans ratio was 0.58% in the first quarter, up from 0.54% in the prior quarter and down from 0.68% in the same period last year.
- First quarter net recoveries of $2 million compared to net charge offs of $6 million in the prior quarter and net charge offs of $5 million in the same period last year.
- The allowance for credit losses on loans (ACLL) of $318 million was down $2 million from the prior quarter and down $86 million compared to the same period last year. The ACLL to total loans ratio was 1.30% in the first quarter, down from 1.32% in the prior quarter and down from 1.67% in the same period last year.
Throughout the remainder of 2022, we expect to adjust provision to reflect changes to risk grades, economic conditions, other indications of credit quality, and loan volume.
The Company's capital position remains strong, with a CET1 capital ratio of 10.2% at March 31, 2022. The Company's capital ratios continue to be in excess of the Basel III "well-capitalized" regulatory benchmarks on a fully phased in basis.
The Company will host a conference call for investors and analysts at 4:00 p.m. Central Time (CT) today, April 21, 2022. Interested parties can access the live webcast of the call through the Investor Relations section of the Company's website, http://investor.associatedbank.com. Parties may also dial into the call at 877-407-8037 (domestic) or 201-689-8037 (international) and request the Associated Banc-Corp first quarter 2022 earnings call. The first quarter 2022 financial tables with an accompanying slide presentation will be available on the Company's website just prior to the call. An audio archive of the webcast will be available on the Company's website approximately fifteen minutes after the call is over.
Associated Banc-Corp (NYSE: ASB) has total assets of $35 billion and is Wisconsin's largest bank holding company. Headquartered in Green Bay, Wisconsin, Associated is a leading Midwest banking franchise, offering a full range of financial products and services from more than 200 banking locations serving more than 100 communities throughout Wisconsin, Illinois and Minnesota. The company also operates loan production offices in Indiana, Michigan, Missouri, New York, Ohio and Texas. Associated Bank, N.A. is an Equal Housing Lender, Equal Opportunity Lender and Member FDIC. More information about Associated Banc-Corp is available at www.associatedbank.com.
Statements made in this document which are not purely historical are forward-looking statements, as defined in the Private Securities Litigation Reform Act of 1995. This includes any statements regarding management's plans, objectives, or goals for future operations, products or services, and forecasts of its revenues, earnings, or other measures of performance. Such forward-looking statements may be identified by the use of words such as "believe," "expect," "anticipate," "plan," "estimate," "should," "will," "intend," "target," "outlook," "project," "guidance," or similar expressions. Forward-looking statements are based on current management expectations and, by their nature, are subject to risks and uncertainties. Actual results may differ materially from those contained in the forward-looking statements. Factors which may cause actual results to differ materially from those contained in such forward-looking statements include those identified in the Company's most recent Form 10-K and subsequent SEC filings. Such factors are incorporated herein by reference.
This press release and related materials may contain references to measures which are not defined in generally accepted accounting principles ("GAAP"). Information concerning these non-GAAP financial measures can be found in the financial tables. Management believes these measures are meaningful because they reflect adjustments commonly made by management, investors, regulators, and analysts to evaluate the adequacy of earnings per common share, provide a greater understanding of ongoing operations and enhance comparability of results with prior periods.
Investor Contact:
Ben McCarville, Vice President, Director of Investor Relations
920-491-7059
Media Contact:
Jennifer Kaminski, Vice President, Public Relations Senior Manager
920-491-7576
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SOURCE Associated Banc-Corp | https://www.wibw.com/prnewswire/2022/04/21/associated-banc-corp-reports-first-quarter-2022-net-income-available-common-equity-71-million-or-047-per-common-share/ | 2022-04-21T20:30:31Z |
TORTOLA, British Virgin Islands, Sept. 12, 2022 /PRNewswire/ - Sailfish Royalty Corp. (TSXV: FISH) (OTCQX: SROYF) (the "Company" or "Sailfish") is pleased to announce the appointment of Paolo Lostritto as Chief Executive Officer and Director of the Company.
Mr. Lostritto joined Sailfish in March 2021 as Vice President of Corporate Development. Prior to this, Mr. Lostritto also helped grow the Company as a banker, including assisting with the Company's purchase of the royalty held on the Tocantinzinho gold project located in northern Brazil in 2017.
Paolo Lostritto states that, "I am honoured to be leading Sailfish and working closely with the existing team who have made great strides to get the Company to where it is today. Sailfish has a solid balance sheet, is generating cash flow, is paying dividends and has potential for significant upside through royalty interests on the Spring Valley gold project in in Pershing County, Nevada. In addition, we have tremendous support from the Company's controlling shareholder, which we believe will be useful in navigating the upcoming consolidation phase expected in the precious metals royalty sector."
Mr. Lostritto has been selected to replace Cesar Gonzalez, who has stepped down from his role as Chief Executive Officer and Director of the Company to focus on his role as Executive Chairman of Bonterra Resources Inc. Mr. Gonzalez will continue to assist and provide strategic advice to the Company as a consultant.
Mr. Gonzalez co-founded Sailfish in 2014 with Akiba Leisman, Executive Chairman of the Company. Mr. Gonzalez became the CEO in October 2020 and has played an integral role in growing the Company from a private subsidiary of a predecessor of Mako Mining Corp., into a publicly traded precious metals royalty company with cash flow and paying a dividend. The Company thanks Mr. Gonzalez for his service as CEO and Director and is pleased that he will continue to provide strategic advice to the Company as a consultant.
Cesar Gonzalez states that, "it is exciting to see Sailfish continue to mature as a public company with the appointment of Paolo as a dedicated CEO. I look forward to working with Paolo and the rest of the Sailfish team as a consultant to continue growing the Company."
Mr. Lostritto has an extensive background in mining capital markets and working with companies across the globe since 1997. Paolo has helped assess different companies/projects and helped finance them as they advanced through exploration, development, and production. Some of the companies where Paolo was involved early include: Kirkland Lake Gold, Novagold and Lake Shore Gold in 2004; Romarco Minerals in 2006; Victoria Gold and Volta Resources in 2009.
Mr. Lostritto is currently serving as the Chairman of Signature Resources Ltd., which is focused on high grade gold exploration in Ontario. Over his career, Mr. Lostritto was a Director of the Mining Equity Research at National Bank Financial and worked in equity research at Wellington West, Scotia Capital and TD Securities. He served as an Independent Director at Savary Gold Corp. which was sold to SEMAFO in 2019.
Mr. Lostritto holds a Bachelor of Applied Science in Geological and Mineral Engineering in Rock Mechanics from the University of Toronto and he is a registered Professional Engineer in the Province of Ontario.
Sailfish is a precious metals royalty and streaming company. Within Sailfish's portfolio are two main assets in the Americas: a gold stream equivalent to a 3% NSR on the San Albino gold mine (~3.5 sq. km) and a 2% NSR on the rest of the area (~134.5 sq. km) surrounding San Albino in northern Nicaragua; and an up to 3% NSR on the Spring Valley gold project in Pershing County, Nevada.
Sailfish is listed on the TSX Venture Exchange under the symbol "FISH" and on the OTCQX under the symbol "SROYF". Please visit the Company's website at www.sailfishroyalty.com for additional information.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as the term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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SOURCE Sailfish Royalty Corp. | https://www.mysuncoast.com/prnewswire/2022/09/12/sailfish-announces-board-management-changes/ | 2022-09-12T12:04:15Z |
Project supported by a philanthropic gift from Mackenzie Scott; participants to be trained in coding for the pilot
MIAMI, Aug. 2, 2022 /PRNewswire/ -- United Way Miami, in partnership with Social Finance, a national impact finance and advisory nonprofit, today announced the launch of the United Way Miami Workforce Project, an initiative designed to upskill Miami residents and empower them to secure in-demand jobs that lead to economic mobility. This program is the direct result of a multi-million dollar gift made to United Way Miami in 2020 by philanthropist and novelist, Mackenzie Scott.
"We conducted a comprehensive study that included focus groups with multiple stakeholder groups and a careful analysis of what is contributing to financial instability in our community. We came to the conclusion that a workforce development program with student-friendly financing is the best solution to help our residents develop valuable skills and earn higher-wage jobs," said Mary Donworth, Chief Program Officer at United Way Miami. "We are extremely grateful to Ms. Scott for her incredibly generous donation and look forward to using it to empower the career advancement of Miami-Dade County residents. We would also like to thank McKinsey & Company for providing pro bono support for this important study."
Social Finance is managing the United Way Miami Workforce Project, which has launched as a pilot program with training partner 4Geeks Academy to train Miami residents for careers in coding and programming technologies. Participants have the option to enroll in 4Geeks' Full Stack Developer 9-week full-time program or 16-week part-time program at no upfront cost. More than 82% of 4Geeks students secure jobs in the field within a year of completing training. Interested participants can apply at miamiworkforce.org.
The United Way Miami Workforce Project has been structured as a Pay It Forward Fund to create a sustainable cycle of job training – the first of its kind in the state. Participants who find jobs earning more than a certain amount, will repay the cost of their tuition via monthly payments, paying it forward into a common fund to support future learners. They may also be entitled to receive critical supportive services such as career coaching, living stipends, and emergency aid funds to help them graduate and succeed. The pilot will serve a total of 100 students. United Way and Social Finance anticipate the project will expand to training providers in other industries in the coming months, such as transportation and healthcare.
"We are excited to partner with United Way Miami and leverage generous funding from Mackenzie Scott to amplify economic opportunity in the Miami-Dade region," said Tracy Palandjian, CEO and Co-Founder of Social Finance. "Through a Pay It Forward Fund, we will simultaneously help power the local economy and upskill workers to achieve economic mobility in a sustainable way, as successful graduates 'pay it forward' to support future learners."
This initiative comes at a critical time, as Miamians continue to struggle with the social and economic upheaval triggered by the pandemic. More than half of households in Miami-Dade County are struggling to make ends meet or living in poverty. According to the U.S. Bureau of Labor Statistics, average weekly wages in Miami-Dade County are below the national average of $1,173, despite the fact that the cost of living exceeds the national average. Research shows that the pandemic has exacerbated already tenuous financial situations for the ALICE (Asset Limited, Income Constrained, Employed) population.
"We are thrilled to be chosen as the first training partner for the United Way Miami Workforce Project," said Marcelo Ricigliano, CEO of 4Geeks Academy. "The concept of upskilling our residents and empowering them with the tools they need to excel in their careers and improve their financial stability is one we have been committed to since we started in Miami in 2016."
For more information about the program please visit miamiworkforce.org.
United Way Miami
Stephanie Giner
305-646-7121
giners@unitedwaymiami.org
Social Finance
Carrie Benjamin
857-340-6064
cbenjamin@socialfinance.org
United Way Miami is a driving force in the community, successfully responding to emerging needs and transforming people's lives. Since 1924, we have worked together with our network of donors, volunteers, and partners, to generate and amplify resources, and advocate for policies that improve the quality of life for all. We leverage our unique role as convener, strategic funder, service provider, awareness builder, and influencer so that everyone in Miami-Dade has access to quality education and the opportunity to lead healthy and financially secure lives — the building blocks of a thriving community. Learn more at unitedwaymiami.org.
Social Finance is a national impact finance and advisory nonprofit. We work with the public, private, and social sectors to create partnerships and investments that measurably improve lives. Since our founding in 2011, we have mobilized $350 million in new investments designed to help people and communities realize improved outcomes in education, economic mobility, health, and housing. In addition to managing the investment program funded by the Google Career Certificates Fund, our economic mobility portfolio includes the UP Fund, place-based Pay It Forward Funds, and the Dreamers Graduate Loan Fund. Learn more at socialfinance.org.
Founded in 2016, 4Geeks Academy is a Miami-based coding school with campuses in the USA, Europe, and Latin America, devoted to empowering talent with code by providing flexible and premium educational experiences. 4Geeks is focused on becoming the most relevant career-boosting community for current and future developers. 4Geeks Academy is home-based in the U.S. with 4 coding programs available for students and has graduated over 2,650 graduates, and helped 82% of those completing the entire process to land a job in the field. Learn more at 4geeksacademy.com.
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SOURCE Social Finance | https://www.wibw.com/prnewswire/2022/08/02/united-way-miami-social-finance-launch-workforce-project-pilot-upskill-miami-residents/ | 2022-08-02T13:59:58Z |
DALLAS (KDAF) — North Texans are heading back to school! For parents, having children back in a structured routine may be a sigh of relief; however, human error can always turn a good situation into bad.
That’s why City of Plano officials have released helpful tips for driving in a school zone, to make sure the kiddos have a safe transition back to school.
Here are the tips they suggest:
- Slow Down
- Hands-free phone use only
- Obey crossing guards
- Stop when school bus signs are activated, unless you are on the opposite side of a median-divided road
For more information, head to the city’s YouTube page. | https://cw33.com/news/local/city-of-plano-releases-school-zone-safety-tips-in-the-midst-of-back-to-school-season/ | 2022-08-10T21:04:56Z |
Man shows no remorse for fatally shooting registered sex offender, deputies say
VANDERBURGH CO., Ind. (WFIE/Gray News) – A man in Indiana told deputies he has no remorse for fatally shooting a registered sex offender, authorities said.
According to the Vanderburgh County Sheriff’s Office, 34-year-old Ricky Allen Kiper Jr. shot and killed 41-year-old James C. McClernon on Wednesday.
Investigators said Kiper knocked on the front door of a home, asked for McClernon, then shot him.
Kiper was caught about a mile from the scene, and an affidavit shows he admitted to shooting McClernon twice.
Officials said Kiper told them he killed McClernon because he was a sex offender. Investigators said Kiper was not remorseful, and he told them his actions were justified.
McClernon’s family told WFIE that while McClernon was on the sex offender registry, it was for a situation that occurred more than two decades ago in Canada. The family said McClernon got into an altercation with an adult woman, served his time, and was not placed on the sex offender registry in Canada.
McClernon’s family said they did not understand why he was placed on the sex offender registry when he moved to the United States and were actively in the process of trying to get McClernon taken off the registry when he was killed.
A lieutenant with the Vanderburgh County Sheriff’s Office said there is a chance the prosecutor will seek enhanced charges against Kiper based on his criminal record, as well as because of the use of a firearm in the crime.
Kiper is being held at the Vanderburgh County Jail without bond.
Copyright 2022 WFIE via Gray Media Group, Inc. All rights reserved. | https://www.mysuncoast.com/2022/07/29/man-shows-no-remorse-fatally-shooting-registered-sex-offender-deputies-say/ | 2022-07-29T22:01:10Z |
JACKSONVILLE, Fla. (AP) — A Florida man was sentenced Tuesday to two years in federal prison for using his twin brother’s stolen identity to obtain tens of thousands of dollars in military veterans benefits.
Wayne Bowen, 64, was sentenced in Jacksonville federal court, according to court records. He pleaded guilty in January to aggravated identity theft. He must also pay $63,773 in restitution.
According to a plea agreement, Bowen used the name, Social Security card and military discharge papers of his estranged twin brother in 2014 to apply for federally subsidized housing benefits intended for indigent military veterans. The program was administered by the U.S. Department of Veterans Affairs and the U.S. Department of Housing and Urban Development.
Bowen admitted to federal agents that he had been using his brother’s identity for years, prosecutors said. Bowen had obtained a Florida identification card using his twin’s identity. He initially told the agents that he and his twin had served in and been honorably discharged from the U.S. Army but later admitted that those were lies.
Based on Bowen’s fraudulent use of his brother’s identity, the VA provided him with $32,434 in medical services, HUD provided him with $18,905 in housing subsidies, and the U.S. Department of Agriculture funded $12,434 in nutritional benefits for him, officials said. Bowen’s twin, who lives in another state, confirmed that he didn’t apply for any of the benefits and that he never gave Bowen permission to use his name. | https://cw33.com/strange-news/ap-strange-news/man-gets-2-years-for-using-twins-id-for-veterans-benefits/ | 2022-04-27T13:47:05Z |
Current Executive Vice President and Chief Information Officer James McGlennon Announces Retirement at End of 2022
BOSTON, June 13, 2022 /PRNewswire/ -- Liberty Mutual Insurance Chairman and Chief Executive Officer David Long today announced that Monica Caldas has been named Executive Vice President and Chief Information Officer, effective January 2023. With this appointment, Caldas joins the company's executive leadership team and will report to Tim Sweeney, who was appointed CEO of Liberty Mutual beginning in January 2023.
Caldas was promoted to Deputy CIO in March 2022 and is responsible for the technology roadmap across the organization's three business units -- Global Risk Solutions, Global Retail Markets (GRM) and Liberty Mutual Investments, ensuring collaboration across the enterprise to elevate data and insights to drive optimal performance and experiences.
She was previously Executive Vice President and Global CIO for GRM and before joining Liberty Mutual in 2018, worked at General Electric for 17 years where she held roles of increasing responsibility across IT operations, software development and organizational effectiveness.
Caldas is an advocate for diversity, equity and inclusion, and is actively engaged in the company's Employee Resource Groups and working to inspire girls and young women to pursue STEM careers.
"Monica's deep passion for technology, data-driven solutions and the customer experience will continue to propel our digital transformation forward, delivering innovative results for our customers and employees," said Long. "Her global experience and perspective, collaborative leadership approach and drive towards excellence will help guide our ongoing work focused on meeting the rising expectations for digital solutions."
Executive Vice President and CIO James McGlennon Announces Retirement
The company's current Executive Vice President and CIO James McGlennon announced he will retire at the end of 2022. McGlennon has over 25 years of cross-industry technology experience and has led the strategy for and evolution of the company's global technology organization of more than 5,000 employees for the past 15 years. He joined Liberty Mutual in 2007 as CIO of Agency Markets and under his leadership, Liberty Mutual has earned a spot on the prestigious Computerworld "Best Places to work in IT" list for two consecutive years.
McGlennon sits on the Board of Directors of the Rian Immigrant Center, which serves as Boston's welcome center for 3,500 immigrants and refugees from more than 120 countries every year.
"James has revolutionized our technology function by building a culture of continuous learning, smart risk-taking and agility, and I'm grateful for the tremendous contributions he's made to our company," said Long. "During an era of massive disruption and quickly evolving consumer expectations, James transformed our technology capabilities, spearheading a strategy that enabled us to stay ahead of technology's pace of acceleration by collaborating with business partners to develop winning solutions for millions of customers worldwide."
"I feel privileged to have led our world-class technology organization and to have been a part of this extraordinary company for 15 years," said McGlennon. "We are on an exciting journey of continuing to make Liberty Mutual a global company powered by data and technology, and I'm confident in Monica and the entire team to deliver on this. I'd like to thank my colleagues and peers across the globe for all of their support, counsel and friendship over the years."
About Liberty Mutual Insurance
At Liberty Mutual, we believe progress happens when people feel secure. By providing protection for the unexpected and delivering it with care, we help people embrace today and confidently pursue tomorrow.
In business since 1912, and headquartered in Boston, today we are the sixth largest global property and casualty insurer based on 2021 gross written premium. We also rank 78th on the Fortune 100 list of largest corporations in the U.S. based on 2021 revenue. As of December 31, 2021, we had $48.2 billion in annual consolidated revenue.
We employ over 47,000 people in 29 countries and economies around the world. We offer a wide range of insurance products and services, including personal automobile, homeowners, specialty lines, reinsurance, commercial multiple-peril, workers compensation, commercial automobile, general liability, surety, and commercial property.
For more information, visit www.libertymutualinsurance.com.
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SOURCE Liberty Mutual Insurance | https://www.kxii.com/prnewswire/2022/06/13/liberty-mutual-insurance-appoints-monica-caldas-executive-vice-president-chief-information-officer/ | 2022-06-13T18:31:57Z |
SANTA CLARA, Calif., July 18, 2022 /PRNewswire/ -- It's no secret that quality smart home products not only help us become more efficient in our daily lives but also bring a more comfortable living experience. So it's no surprise that the global smart home market is booming, with more and more consumers looking to upgrade their homes with the latest technology.
The Internet of Things (IoT) has made it possible for users to experience a wide range of smart home settings which were once unimaginable. Now you can turn on the air conditioner in your living room remotely while driving home from work; you can have the lights automatically turned on when you arrive at your doorsteps without pressing a button; before you bake a cake, you can preheat the oven to 180 degrees with voice command. These application scenarios will allow consumers to experience the enhanced quality of life created by smart devices and thus become smart home fans — this is exactly what smart home brands are trying to achieve.
Based on this trend, Tuya Smart (NYSE: TUYA, HKEX: 2391), a leading IoT development platform service provider, launched the BornSmart campaign across social media platforms such as YouTube, LinkedIn, and Twitter. The theme was drawn from the idea that smart devices are "born smart" because of built-in artificial intelligence.
The campaign was launched on July 12—on the occasion of Amazon Prime Day 2022—and will run until mid-August. The campaign is joined by Tuya's brand partners around the world and will take place in more than 10 countries, including the U.S., UK, Germany, Spain, Italy, Singapore, India, Thailand, Mexico, and Brazil.
The campaign provides Tuya's global partners with the opportunity to showcase their latest smart home products in their local markets and send a message to the consumers: smart home devices are not nice-to-haves but a smart choice worth investing in.
Tuya Smart will be partnering with influencers from various countries to review smart products through unboxing videos on social media platforms. By following Tuya Smart on LinkedIn and Twitter, viewers can watch the videos to learn about the advantages and highlights of the featured smart products. They will also be able to receive coupons and have a chance to win smart home products by sharing the videos with friends.
The campaign is designed to use social media to create a strong relationship between smart product brands and consumers. By taking part in this campaign, Tuya's partners will be able to reach a wider number of potential consumers directly—particularly the younger generation who are the main shoppers of the future. They will also be able to keep interacting with their target users on social media constantly.
A large number of Tuya Smart's brand partners have participated in the campaign, including global leading companies like Calex (a European lighting brand) , Nedis(EU leading wholesaler offers electronics-related smart solutions across Europe and beyond), Wipro Consumer Care and Lighting (a global Consumer Products company), well-known smart home brands like Lloyd's (Mexico), BARDI (Indonesia), well-known Australian online retailer Kogan, and many others.The participation of these partners has made the campaign a rich and diverse prsentation of smart home products, including lighting, electricians, IPCs, and other best-selling smart home categories.
Furthermore, this campaign will continue to help Tuya Smart's global brand partners to deliver the most cutting-edge smart experience to their consumers. It will also raise awareness of the smart lifestyle, increase brand value, and expand marketing resources for partners along the entire chain, contributing to the common prosperity of the global smart home industry. Therefore, we can look forward to BornSmart and the fantastic collaboration between Tuya Smart and its partners!
About Tuya Smart
Tuya Smart (NYSE: TUYA, HKG: 2391) is a leading technology company focused on making our lives smarter. Tuya does this through offering a cloud platform that connects a range of devices via the IoT. By building interconnectivity standards, Tuya bridges the intelligent needs of brands, OEMs, developers, and retail chains across a broad range of smart devices and industries. Tuya solutions empower partners and customers by improving the value of their products while making consumers' lives more convenient through the application of technology. Through its growing commercial SaaS business, Tuya offers intelligent business solutions for a wide range of verticals. The Company's platform is backed by industry-leading technology complete with rigorous data protection and security. Tuya partners with leading Fortune 500 companies from around the world to make things smarter, including Philips, Schneider Electric, Lenovo and many others.
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SOURCE Tuya Smart | https://www.mysuncoast.com/prnewswire/2022/07/18/tuya-smart-launches-bornsmart-campaign-amazon-prime-day-2022/ | 2022-07-18T13:15:42Z |
CAMBRIDGE, Mass., April 21, 2022 /PRNewswire/ -- Pegasystems Inc. (NASDAQ: PEGA), the software company that crushes business complexity, today announced that it will report financial results for the first quarter of 2022 on Thursday, April 28, 2022, after market close.
A conference call and audio-only webcast will be conducted at 5:00 p.m. EDT on Thursday, April 28, 2022. Members of the public and investors are invited to join the call and participate in the question and answer session by dialing 1-844-825-9789 (domestic), 1-412-317-5180 (international), or via webcast (https://viavid.webcasts.com/starthere.jsp?ei=1542115&tp_key=f6987abb7b) by logging onto www.pega.com at least five minutes prior to the event's broadcast and clicking on the webcast icon in the Investors section.
A replay of the call will also be available on www.pega.com by clicking the Earnings Calls link in the Investors section.
About Pegasystems
Pega delivers innovative software that crushes business complexity. From maximizing customer lifetime value to streamlining service to boosting efficiency, we help the world's leading brands solve problems fast and transform for tomorrow. Pega clients make better decisions and get work done with real-time AI and intelligent automation. And, since 1983, we've built our scalable architecture and low-code platform to stay ahead of rapid change. Our solutions save people time, so our clients' employees and customers can get back to what matters most. For more information on Pegasystems (NASDAQ: PEGA) visit www.pega.com.
Press Contact:
Lisa Pintchman
Pegasystems Inc.
LisaPintchman.Rogers@pega.com
617-866-6022
Twitter: @pega
Investor Contact:
Garo Toomajanian
ICR for Pegasystems
PegaInvestorRelations@pega.com
617-866-6077
All trademarks are the property of their respective owners.
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SOURCE Pegasystems Inc. | https://www.mysuncoast.com/prnewswire/2022/04/21/pega-announce-financial-results-first-quarter-2022-via-conference-call-webcast/ | 2022-04-21T21:38:34Z |
PITTSBURGH, June 15, 2022 /PRNewswire/ -- The Centers for Medicare and Medicaid Services (CMS) recently announced new rules to advance their "strategic vision.
According to Patrick Phillips, CEO of Cavulus, a leading technology provider in the industry, the new CMS rules further solidify the popularity of Medicare Advantage (MA) and Part D. They expand access to affordable health care and improved health equity through lowered out-of-pocket prescription drug costs and improved consumer protections.
Phillips says MA costs and benefits attract membership. Enrollment statistics have grown by 10% annually in recent years and within another year should represent 50% of all Medicare coverage selections.
However, Phillips acknowledges "the program is not without criticism because of its rapid growth. That's why there are guardrails in place. CMS has levers they can pull via regulatory oversight."
For example, the Cavulus CEO likes a new regulation that considers a plan's past performance, and grants CMS the ability to deny new contracts or service area expansions for underperforming insurers. "This allows top performing plans to grow and restrains organizations that tarnish the program's integrity". As a result, he sees the gap between over and under- performing plans inevitably widening through competition.
In addition to countless new rules benefiting existing MA members, CMS also scrutinizes how plans are marketed to potential enrollees. Phillips points out federal agencies are addressing the use of third-party marketing organizations (TPMO) that have garnered attention via TV ads featuring celebrity spokespeople.
"Because our company facilitates MA marketing, sales, and enrollment processes we understand the problems," said Phillips. "We are proud of how Cavulus has helped advance CMS's mission, and that's why we monitor all new regulations and incorporate them into our workflows. Our solutions enable oversight, CMS compliance, and uniformity in marketing messages."
Phillips stresses MA plans are ultimately accountable for any downstream entity they utilize, including TPMOs. "Member-centric plans continue to gain interest from those aging into Medicare, while plans that are lagging are attracting more attention from CMS."
ABOUT CAVULUS - Cavulus is a technology driven specialist in Medicare Advantage insurance solutions. The Cavulus Cloud-based Medicare Advantage Platform (Cavulus MAP™) unifies marketing, sales and enrollment operations, and is utilized by many of America's top insurers, including several BlueCross/ BlueShield companies, UPMC Health Plan, Johns Hopkins, Lumeris and United Healthcare. For details visit: www.cavulus.com. Media Inquiries: 800-760-6915 - Email: info@cavulus.com
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SOURCE Cavulus | https://www.wibw.com/prnewswire/2022/06/15/cavulus-ceo-says-medicare-advantage-enrollment-increases-cms-expands-access-equity-increases-beneficiary-protections/ | 2022-06-16T00:24:34Z |
US stresses allied cooperation in face of N. Korea threats
SEOUL, South Korea (AP) — U.S. Deputy Secretary of State Wendy Sherman met with her counterparts from South Korea and Japan on Wednesday, emphasizing the U.S. commitment to defend its allies and trilateral security cooperation to confront an accelerating nuclear threat from North Korea.
The latest top-level meetings among the countries came as North Korea apparently presses ahead with preparations for its first nuclear test explosion in nearly five years, which U.S. officials say could occur in the coming days.
After a meeting in Seoul, Sherman and the South Korean and Japanese vice foreign ministers issued a joint statement condemning North Korea’s provocative streak in weapons demonstrations this year and pledging closer security cooperation to curb the growing threats.
The statement said Sherman reaffirmed “steadfast” U.S. commitments to the defense of South Korea and Japan, including “extended deterrence,” referring to an assurance to defend its allies with its full military capabilities, including nuclear.
“The United States, the Republic of Korea and Japan are fully and closely aligned on the DPRK,” Sherman said in a news conference, using the initials of North Korea’s official name, the Democratic People’s Republic of Korea.
Sherman noted that North Korea since last September has significantly increased the pace and scale of its ballistic launches, posing a “serious threat” to security in the region and beyond, and urged Pyongyang to cease taking “these provocative and destabilizing actions and to commit to the path of diplomacy.”
Following the meeting, South Korean Foreign Minister Cho Hyun-dong met separately with Japanese Vice Foreign Minister Takeo Mori and they were in agreement about an “urgent” need to improve bilateral relations, their ministries said.
South Korea and Japan had engaged in a highly public feud in recent years over trade and Japan’s brutal colonial rule of the Korean Peninsula before the end of World War II, which included wartime industrial and sexual slavery of Koreans. The Biden administration has been pressing Seoul and Tokyo to repair ties to shore up a united front against the North Korean nuclear threat and China’s rising influence in the region.
Mori also held separate talks with Sherman where they agreed to maintain and strengthen sanctions against Russia over its war on Ukraine and work more closely to address challenges related to China, Japan’s Foreign Ministry said.
Jolting an old pattern of brinkmanship, North Korea has already set an annual record in ballistic launches through the first six months of 2022, firing 31 missiles over 18 test events, including its first demonstrations of intercontinental ballistic missiles since 2017.
The unusually fast pace in testing activity underscores authoritarian leader Kim Jong Un’s dual intent to advance his arsenal and pressure the Biden administration over long-stalled negotiations aimed at leveraging its nukes for economic and security concessions, experts say.
Sherman’s visit to Asia came after North Korea in its biggest-ever single-day testing event launched eight ballistic missiles into the sea from multiple locations on Sunday, prompting the U.S. and its Asian allies to respond with tit-for-tat missile launches and aerial demonstrations involving dozens of fighter jets.
A nuclear test would further escalate North Korea’s pressure campaign and could possibly allow the country to claim it acquired the technologies to build a bomb small enough to be clustered on a multi-warhead ICBM or on Kim’s broad range of shorter-range weapons threatening South Korea and Japan.
South Korean and U.S. officials have said the North has all but finished preparations for a detonation at its nuclear testing ground in the remote northeastern town of Punggye-ri, an assessment backed by the International Atomic Energy, which says there are indications that one of the site’s passages has been reopened. The site had been inactive since hosting the country’s sixth nuclear test in September 2017, when it claimed it detonated a thermonuclear bomb designed for its ICBMs.
North Korea will likely time the test to maximize political effect and some analysts say it could take place around a major conference of the ruling Workers’ Party that has been vaguely scheduled for the first half of June.
North Korea’s state media said Wednesday that Politburo members met a day earlier to discuss the agenda for an upcoming plenary meeting of the party’s Central Committee that has been called by Kim to review major state affairs, including national efforts to slow a COVID-19 outbreak. He may also use the meeting to address his nuclear weapons ambitions and external relations with Washington and Seoul, experts say.
Kim’s absence from Tuesday’s preparatory meeting suggests that he’s focused on supervising preparations for North Korea’s seventh nuclear test and drafting his speeches for the plenary, said analyst Cheong Seong-Chang at South Korea’s Sejong Institute.
The North Korean party’s previous plenary in December lasted for a record five days and saw Kim repeat his vow to boost his country’s military capabilities and order the production of more powerful and sophisticated weapons systems.
Nuclear talks between the U.S. and North Korea have stalled since 2019 because of disagreements over an easing of crippling U.S.-led sanctions in exchange for North Korean disarmament steps, which underscored Kim’s unwillingness to give away an arsenal he sees as his strongest guarantee of survival.
___
Associated Press writer Mari Yamaguchi in Tokyo contributed to the report.
Copyright 2022 The Associated Press. All rights reserved. | https://www.mysuncoast.com/2022/06/08/us-stresses-allied-cooperation-face-n-korea-threats/ | 2022-06-08T13:42:49Z |
Bradenton woman dies in fiery one-car crash
Published: Jun. 20, 2022 at 6:24 AM EDT|Updated: 13 minutes ago
MANATEE COUNTY, Fla. (WWSB) - A Bradenton woman was killed Saturday night and two others critically injured in a one-car crash on 15th Street East, the Florida Highway Patrol said.
Investigators say a sedan was traveling south on 15th Street East at 53rd Avenue East shortly before midnight when it veered onto the west shoulder, collided with a tree and caught fire.
The 29-year-old woman passenger died at the scene. The male driver, who has not yet been identified, was taken to an area hospital in critical condition. A 6-year-old boy in the car was taken to Tampa General Hospital in critical condition.
The crash remains under investigation.
Copyright 2022 WWSB. All rights reserved. | https://www.mysuncoast.com/2022/06/20/bradenton-woman-dies-fiery-one-car-crash/ | 2022-06-20T10:38:34Z |
PURCHASE, N.Y., May 27, 2022 /PRNewswire/ -- Townsquare Media, Inc. (NYSE: TSQ) ("Townsquare," or the "Company") announced today that Bill Wilson, Chief Executive Officer, and Claire Yenicay, Executive Vice President, Investor Relations, will present at the Gabelli Funds 14th Annual Entertainment & Broadcasting Symposium at the Harvard Club in New York City on Thursday, June 2, 2022. The presentation will begin at approximately 9:30 a.m. Eastern Time.
A live webcast and replay of the presentation will be available on the investor relations page of Townsquare's website at http://www.townsquaremedia.com and on the Gabelli Funds presentation portal at:
https://gabelli.zoom.us/webinar/register/WN_CEpkL_siTSGG0cqoHtI7tA.
About Townsquare Media, Inc.
Townsquare is a community-focused digital media and digital marketing solutions company with market leading local radio stations, principally focused outside the top 50 markets in the U.S. Our assets include a subscription digital marketing services business, Townsquare Interactive, providing website design, creation and hosting, search engine optimization, social media and online reputation management as well as other digital monthly services for approximately 27,850 SMBs; a robust digital advertising division, Townsquare Ignite, a powerful combination of a) an owned and operated portfolio of more than 330 local news and entertainment websites and mobile apps along with a network of leading national music and entertainment brands, collecting valuable first party data, and b) a proprietary digital programmatic advertising technology stack with an in-house demand and data management platform; and a portfolio of 321 local terrestrial radio stations in 67 U.S. markets strategically situated outside the Top 50 markets in the United States. Our portfolio includes local media brands such as WYRK.com, WJON.com and NJ101.5.com, and premier national music brands such as XXLmag.com, TasteofCountry.com, UltimateClassicRock.com, and Loudwire.com. For more information, please visit www.townsquaremedia.com, www.townsquareinteractive.com, and www.townsquareignite.com.
Investor Relations
Claire Yenicay
(203) 900-5555
investors@townsquaremedia.com
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SOURCE Townsquare Media, Inc. | https://www.wibw.com/prnewswire/2022/05/27/townsquare-present-gabelli-funds-14th-annual-entertainment-amp-broadcasting-symposium/ | 2022-05-27T20:05:57Z |
Annual philanthropic program benefits groups from around the world
DOWNERS GROVE, Ill., Aug. 9, 2022 /PRNewswire/ -- CompTIA, the nonprofit association for the information technology (IT) industry and workforce, today announced that its member communities and councils selected 16 technology-related charities in Australia, New Zealand, Canada, the United Kingdom, Belgium and the United States to give $240,000 in donations this year. WonderKey Collective received the largest total donation of $70,000.
As part of CompTIA Giving, contributions made by CompTIA's member communities and councils support local communities and improve education, access to resources and career options for individuals in need. CompTIA Giving designates $10,000 for each of CompTIA's communities and councils to give to their chosen charities each year. Each community and council can give the full $10,000 to one charity or split it among two charities.
"CompTIA and our member communities and councils are committed to building a stronger and more diverse technology industry," said M.J Shoer, chief community officer, CompTIA. "This year's group of charities is a perfect example of how people are using technology to solve all sorts of challenges and support the dreams and capabilities of the people across the globe. I am honored to be part of an association that believes in giving back and proud to support these wonderful organizations."
The following charities have been selected by CompTIA's member communities and councils for donations this year:
- Ability Technology aims to increase the independence and productive potential of people with a disability by using computer and related technology.
- Aspire2STEAM provides educational scholarships to young, underserved women pursuing careers in science, technology, engineering, arts and mathematics.
- Centrepoint provides housing and support for young people in the UK and aspires to end youth homelessness.
- Close the Gap aims to bridge the digital divide by offering high-quality, pre-owned computers donated by European and international companies to educational, medical and social projects in developing and emerging countries.
- Digitunity aims to eliminate the technology gap, through and with a network of stakeholders and solutions, so that everyone can thrive in a digitally connected society.
- Federation of Galaxy Explorers inspires youth in the fields of science and engineering by providing afterschool "mission team" meetings where students participate in hands-on lessons that support the National Science Education Standards.
- Foster Care to Success works with college-bound foster youth, helping them navigate the tricky waters of academia, understand the importance of personal fiscal responsibility, determine achievable career goals, and create networks of friendship and support.
- Future Possibilities for Kids focuses on building leaders through unique leadership programs, coaching children to believe in themselves and lead community change.
- Hire Heroes USA provides free, expert career coaching and job sourcing to transitioning U.S. military members, veterans and military spouses.
- iMentor builds mentoring relationships that empower first-generation students to graduate high school, succeed in college, and achieve their ambitions.
- Kids Help Phone Canada is a counseling center for Canadian kids which promises to listen without judgment 24/7.
- OMGTech! aims to open up the world of future tech to every Kiwi kid through award winning workshops and initiatives.
- Share Your Soles provides gently worn/new shoes to those in greatest need around the world.
- Starlight Children's Foundation aims to bring the very best in technology, play, and other fun experiences to distract and entertain pediatric patients.
- Women in Aerospace is dedicated to expanding women's opportunities for leadership and increasing their visibility in the aerospace community through networking and policy events that highlight issues relevant to the aerospace industry.
- WonderKey Collective exists to narrow the digital divide by providing hardware, internet access, and essentials for foster, emancipated, and homeless youth throughout the United States.
CompTIA divides its philanthropic efforts along three main lines: 1) CompTIA Giving, which gives money and staff time to tech-related charities; 2) CompTIA Tech Career Academy, which provides grants to low-income individuals and those who are underrepresented in tech roles; and 3) CompTIA Spark, which researches and develops workforce development and tech education programs to build new pathways to IT careers.
More information about CompTIA's member communities and councils and their activities can be found on the website.
Charities that would like to be considered for future gifts should send their information to Emily Gaines, egaines@comptia.org.
The Computing Technology Industry Association (CompTIA) is a leading voice and advocate for the $5 trillion global information technology ecosystem; and the estimated 75 million industry and tech professionals who design, implement, manage, and safeguard the technology that powers the world's economy. Through education, training, certifications, advocacy, philanthropy, and market research, CompTIA is the hub for unlocking the potential of the tech industry and its workforce. https://www.comptia.org/
Media Contact
Roger Hughlett
rhughlett@comptia.org
+1 202-503-3644
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SOURCE CompTIA | https://www.kxii.com/prnewswire/2022/08/09/comptia-member-communities-councils-donate-240000-technology-focused-charity-programs-2022/ | 2022-08-09T16:01:07Z |
Biden teams with East Coast governors to boost offshore wind
WASHINGTON (AP) — The White House is launching a formal partnership with 11 East Coast governors to boost the growing offshore wind industry, a key element of President Joe Biden’s plan for climate change.
At a White House meeting on Thursday, Biden administration officials will meet with governors and labor leaders to announce commitments to expand important parts of the offshore industry, including manufacturing facilities, ports and workforce training and development.
The partnership comprises governors of both parties from Connecticut, Delaware, Maine, Maryland, Massachusetts, New Hampshire, New Jersey, New York, North Carolina, Pennsylvania and Rhode Island.
In working with states and the private sector, the White House said it will “provide Americans with cleaner and cheaper energy, create good-paying jobs and invest billions in new American energy supply chains,’’ including construction of wind turbines, shipbuilding and servicing.
Biden has set a goal of deploying 30 gigawatts of offshore wind power by 2030, enough to provide electricity to 10 million homes, support 77,000 jobs and spur $12 billion per year in private investment in offshore wind. Offshore wind is a key component in the Democratic president’s plan to make the nation’s electric grid carbon free by 2035.
The Biden administration has approved two large-scale wind projects, Vineyard Wind in Massachusetts and South Fork Wind off New York and Rhode Island. Both are under construction with union labor. The Interior Department has begun reviews of another 10 offshore projects that, if approved, would produce 22 gigawatts of clean energy.
Danish wind developer Orsted signed a project labor agreement last month with a national union representing 3 million people in the building trades to construct the company’s U.S. offshore wind farms with an American union workforce. Orsted currently has six offshore projects in five states.
A national agreement signed with North America’s Building Trades Unions covers contractors working on those projects and future ones, with no termination date on the project labor agreement. It sets the terms and conditions for union workers to build offshore wind farms, with targets to ensure a diverse workforce. It contains provisions for training to ensure they can construct the complex infrastructure, which costs billions of dollars.
“We recognize that states are huge players here,’’ said David Hayes, a White House climate adviser. With a formal partnership, the Biden administration can “work with the governors on policies going forward and help ensure that there is an American-made supply chain for this brand-new industry,’’ Hayes said in an interview Wednesday.
New Jersey Gov. Phil Murphy said in a statement that he and other East Coast governors “are united with our regional and federal partners not just by geography but by a shared commitment to clean and affordable energy, economic opportunity and a future in which all community members are shielded from the worsening impacts of climate change.’’
New Jersey’s status as “a critical supply chain hub uniquely positions us to cultivate the burgeoning domestic clean energy industry as we strive to achieve our (greenhouse gas) reduction goals,’’ the Democratic governor said.
The federal-state collaboration comes as the Biden administration has announced a plan to conduct up to seven offshore wind auctions by 2025, including one held last month off North Carolina and earlier this year in a coastal area known as the New York Bight. Other sales are expected in the Gulf of Maine, the central Atlantic and the Gulf of Mexico, as well as offshore in California and Oregon.
Copyright 2022 The Associated Press. All rights reserved. | https://www.wibw.com/2022/06/23/biden-teams-with-east-coast-governors-boost-offshore-wind/ | 2022-06-23T13:05:05Z |
NEW YORK and MENLO PARK, Calif., April 5, 2022 /PRNewswire/ -- Riverstone Holdings LLC (Riverstone), a leading asset management firm that invests in the private markets, primarily within energy, power, decarbonization and infrastructure, today announced that Laurel Buckner has joined the firm as a Managing Director. Ms. Buckner was previously a Managing Director with WestRiver Group, a Seattle-based venture-debt and equity firm that provides integrated capital solutions to the global innovation economy. WestRiver Group was founded and is led by Erik Anderson, a dynamic entrepreneur who has challenged and disrupted numerous industries including low carbon mobility.
Ms. Buckner added, "I am delighted to join Riverstone as the firm builds upon its established franchise in renewable infrastructure and low carbon investments – with a keen focus on addressing climate change through decarbonization. I look forward to leveraging my experience and to working closely with my new colleagues, many of whom I have gotten to know over the last couple of years."
The addition of Ms. Buckner builds on recent developments contributing to the growth and potential of Riverstone's decarbonization growth platform. This includes announcements earlier this year concerning the launch of a strategic partnership with Blackhorn Ventures to accelerate and enhance decarbonization opportunities and the addition of Cynthia Kueppers to the decarbonization investing team.
Bio of Laurel Buckner
Prior to joining Riverstone, Ms. Buckner was a Managing Director at WestRiver Group, and co-head of the firm's Pacific Northwest Fund. Prior to WRG, she was Senior Vice President, Managing Director of ATN Ventures, investing in novel technologies and business models that benefited ATN's worldwide operating subsidiaries in the renewable energy and communications sectors. Previously, Ms. Buckner founded and ran GCI's corporate venture fund where she invested in and was on the Board of the Blue Box Group (sold to IBM); Telesphere, (sold to Vonage); and ZipWhip (sold to Twilio). Ms. Buckner began her career at the law firm of Davis Wright Tremaine in Seattle, Washington and has extensive experience in corporate law, tax and mergers and acquisitions. She is a Governance Fellow with the National Association of Corporate Directors and currently serves on the Board of TeraGo in Toronto, Canada, where she is Chair of the Compensation Committee and a member of the Audit Committee.
Ms. Buckner holds a bachelor's degree from the Colorado College with Distinction, a Juris Doctor from the University of Denver, and an LL.M in Taxation from the University of Washington.
About Riverstone Holdings LLC
Founded in 2000 by David Leuschen and Pierre Lapeyre, Riverstone Holdings LLC is an asset management firm that invests in the private markets primarily within energy, power and infrastructure. Since inception, the Firm has raised $43 billion of capital to invest across the capital structure and in all major components of the industry's value chain. Riverstone's sole mission is to build great businesses and deliver strong returns to investors through our platform of investment strategies. For more information on Riverstone, please visit www.riverstonellc.com.
About Riverstone's Low Carbon Investment Platform
Riverstone's low-carbon investment franchise began 16 years ago, and has invested more than $6.6 billion in the renewable infrastructure and decarbonization categories since inception. During this time, the Firm has established industry leading, scaled companies. Within the last two years alone, Riverstone has raised more than $3 billion for over a dozen transactions involving differentiated companies that are decarbonizing critical industries.
Media:
Daniel Yunger or Jon Morgan
Kekst CNC
daniel.yunger@kekstcnc.com / jon.morgan@kekstcnc.com
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SOURCE Riverstone Holdings LLC | https://www.wibw.com/prnewswire/2022/04/05/riverstone-acclerates-growth-decarbonization-platform-with-addition-laurel-buckner/ | 2022-04-05T15:39:10Z |
TOKYO, May 24, 2022 /PRNewswire/ -- Nippon Express Holdings, Inc. has recently expressed its support for the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD) (*) established by the Financial Stability Board (FSB).
Logo: https://kyodonewsprwire.jp/img/202205191426-O1-YACGnK0u
Image:
https://kyodonewsprwire.jp/prwfile/release/M103866/202205191426/_prw_PI2fl_0GFn2dJi.jpg
The NX Group has identified climate change initiatives as one of the key issues (materialities) to be addressed in realizing its long-term vision of becoming "a logistics company with a strong presence in the global market," and it is working to reduce CO2 emissions in its own business operations as well as creating products and services that help customers cut their CO2 emissions.
The NX Group will be utilizing the TCFD's recommendations henceforth to analyze the risks and opportunities presented by climate change to its business, evaluate their financial impacts, and disclose relevant information. The NX Group is scheduled to make the first such disclosure following endorsement of the recommendations in its integrated report to be issued this fiscal year (in June 2022).
(*) Task Force on Climate-related Financial Disclosures (TCFD):
An international initiative established by the FSB in 2015 to encourage companies to disclose information on the financial impact of climate change risks and opportunities on their businesses. The TCFD recommends assessing the financial impacts of climate change risks and opportunities on management and disclosing information on "governance," "strategies," "risk management," and "indicators and targets."
TCFD website: https://www.fsb-tcfd.org/
The NX Group will continue practicing sustainable management from a long-term perspective to help realize a sustainable society by tackling climate change.
Nippon Express website: https://www.nipponexpress.com/
NX Group's official LinkedIn account:
https://www.linkedin.com/company/nippon-express-group/
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SOURCE Nippon Express Holdings, Inc. | https://www.mysuncoast.com/prnewswire/2022/05/24/nippon-express-holdings-endorses-recommendations-task-force-climate-related-financial-disclosures-tcfd/ | 2022-05-24T08:06:47Z |
Strategic Partnership to Deliver US Based Manufacturing Capacity for Novel Cell Therapy
KING OF PRUSSIA, Pa., April 12, 2022 /PRNewswire/ --The Center for Breakthrough Medicines (CBM) announced today a partnership with London-based Achilles Therapeutics plc (NASDAQ: ACHL). The deal provides expanded cell therapy manufacturing capabilities required to supply products for Achilles' ongoing Phase I/IIa clinical trials in advanced non-small cell lung cancer and metastatic or recurrent melanoma patients. CBM is a contract development and manufacturing organization (CDMO) dedicated to addressing the challenges associated with developing and manufacturing advanced therapies. Achilles is a clinical-stage biopharmaceutical company developing precision T-cell therapies to treat solid tumors.
"We are bringing together two powerful, experienced cell therapy organizations for the benefit of cancer patients," said John Lee, Ph.D., Vice President, Head of Cell Therapy, CBM. "We look forward to mobilizing our world-class cell therapy capabilities, with our first wave of cell therapy suites to enable Achilles to accelerate the development of their flagship precision T cell product candidate."
"Achilles is thrilled to partner with CBM given their experience, capabilities, available cell therapy capacity and strategic location. After opening our US headquarters in Philadelphia, CBM's King of Prussia location was perfect for our needs," said Edward Samuel, Executive Vice President of Technical Operations at Achilles Therapeutics. "The expertise of the CBM team, along with their ability to provide on-demand, flexible access to autologous cell therapy manufacturing GMP space was vital in our decision."
CBM will manufacture Achilles' precision T cell therapy for the company's ongoing Phase I/IIa clinical trials in non-small cell lung cancer and melanoma patients.
"Our ability to deliver customizable manufacturing solutions for partners seeking autologous cell therapy production positions us well with Achilles, and we are excited to support them on their journey to bring desperately needed treatment options to cancer patients," said Audrey Greenberg, co-founder, CBM. "We employ the most sophisticated scheduling, supply chain and inventory control systems integrated with industry-leading comprehensive in-process testing, quality control, and lot release programs in the industry. Achilles' goal to deliver improved therapies to cancer patients also aligns with CBM's mission and culture."
About The Center for Breakthrough Medicines (CBM)
CBM is a purposefully built advanced therapy contract development and manufacturing organization (CDMO) based in the heart of Philadelphia's Cellicon Valley. CBM offers pre-clinical through commercial manufacturing capabilities including process development, plasmid DNA, viral vector, cell therapy and a full suite of testing and analytical capabilities. Through a single-source, end-to-end solution, CBM accelerates time to market without compromising quality.
About Achilles Therapeutics
Achilles is a clinical-stage biopharmaceutical company developing precision T cell therapies targeting clonal neoantigens: protein markers unique to the individual that are expressed on the surface of every cancer cell. The Company has two ongoing Phase I/IIa trials, the CHIRON trial in patients with advanced non-small cell lung cancer (NSCLC) and the THETIS trial in patients with recurrent or metastatic melanoma. Achilles uses DNA sequencing data from each patient, together with its proprietary PELEUS™ bioinformatics platform, to identify clonal neoantigens specific to that patient, and then develop precision T cell-based product candidates specifically targeting those clonal neoantigens.
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SOURCE Center for Breakthrough Medicines | https://www.kxii.com/prnewswire/2022/04/12/center-breakthrough-medicines-cbm-strikes-multi-year-deal-with-uk-cell-therapy-powerhouse/ | 2022-04-12T12:04:21Z |
Which lawn aerators are best?
Many people take pride in having a nice verdant yard. However, grass and other plants don’t always grow well, especially if the soil is compacted. That’s where having a quality lawn aerator is so helpful. With one, you can loosen up the dirt to let essential resources such as air and water reach the root systems of your lawn. The best lawn aerator, the Agri-Fab 45-0299 48-Inch Tow Plug Aerator, is sturdy, effective and easy to use.
What to know before you buy a lawn aerator
Purpose
The main reason to aerate a yard is to help the grass grow lush and healthy by breaking up soil. Over time, the soil starts to become compacted. This is especially common when there’s a lot of foot traffic or when there are heavy objects such as lawn mowers or children’s playhouses in the yard.
Compacted soil keeps water, oxygen and nutrients from reaching the grass roots. Without these resources, the grass starts to discolor, thin out and even die. This usually occurs in patches rather than across the entire yard.
A lawn aerator solves this problem by loosening up the soil so nutrients and other resources can reach the roots. It also makes it easier for fertilizers and other plant foods to get to the grass so they can grow more effectively.
Signs you need to aerate
Here are the main ways to tell if your yard needs to be aerated:
- Patchy or thin areas start to appear in the grass
- Free-standing water starts to appear in certain locations
- It’s difficult to break up the soil with a finger or small shovel
- Seeding the yard doesn’t result in new grass
- Fertilizer isn’t working
If your home was recently built, the dirt could also be compacted.
Aerators vs. dethatchers
There are different types of aerators, but they all work off the same concept. These tools use either hollow tines or rows of spikes to dig into the earth and loosen it. They can also cut through thatch to help your lawn get the resources it needs.
The purpose of lawn dethatchers is to remove thatch, which is the accumulation of organic matter that sits on top of the earth. This includes:
- Dead cells
- Stems
- Blades of grass
- Leaves
- Roots
Thatch isn’t inherently a bad thing. Around a 1/2 inch of thatch can even protect your lawn from excessive heat and create a natural fertilizer system. But too much of it can block essential resources from your grass’ roots.
Both dethatching and aeration are important parts of lawn maintenance. Generally, you should dethatch the lawn before aerating it. Doing this makes it much easier to keep your grass green and healthy.
What to look for in a quality lawn aerator
Type
Here are the main types of aerators:
- Core: These work by penetrating the ground and removing “cores” or “plugs.” The cores are usually 2 to 3 inches in depth and up to 1/2 inch around. This type of aerator is best with harder, clay-like soils.
- Spike: A spike aerator uses rows of long, thin spikes to create holes every so often in the lawn. These are best for sandier soils. One common type is spike shoes, which go over your regular shoes and let you aerate the lawn by walking on it.
- Manual: Many aerators are manual, meaning you need to hold and push them down into the earth using your shoe to loosen up the soil.
- Electric: There are spike and core electric aerators, which require less physical force to operate.
- Tow-behind: Certain aerators can be attached to the back of another vehicle, such as a riding lawnmower, to loosen up soil that way.
Lawn size
Before getting an aerator, consider the size of your yard. If you have a larger yard, you should use a tow-behind or machine lawn aerator. If you have a smaller yard or only need to aerate a small section, a manual lawn aerator could be more effective.
Aerator size
When it comes to size, the most important things are:
- Spike or tine quantity, length and width
- Handle length for manual aerators
With some aerators, such as tow-behind models, the width also matters as it can affect how much of the yard gets aerated at once. Consider the size of your yard and project when choosing one. With manual options, also take into account your physical strength to make sure you can effectively use it without injury.
Materials
Most aerators for the lawn consist of metal or sturdy plastic. These materials are made to be resistant to corrosion, rust, breakage and other types of damage. They’re also moisture-resistant.
Extra features
Certain lawn aerators, such as tow-behind models, come with additional features that manual ones don’t have. This includes:
- Tray to carry additional weight and let the tool penetrate the earth more easily.
- Sturdy wheels that make maneuvering them around the yard convenient.
- Hitch to connect the aerator to a riding lawnmower or a similar machine.
How much you can expect to spend on a lawn aerator
The cost primarily depends on the type of aerator. A simple manual tool can cost $10-$40, while a tow-behind aerator ranges from around $100-$400.
Lawn aerators FAQ
When is the best time to aerate a yard?
A. If you have warm-season grasses, aerate the yard in late spring. If you have cool-season grasses, aerate at the beginning of spring. Also, start loosening up compacted soil when you see puddles forming or if there are dead patches in the yard.
Can aerating or dethatching stress out the lawn?
A. If you aerate or dethatch a yard too often, it could stress out the grass. With thatch, for instance, a small layer can provide nutrients to the grass and protect it from extreme weather conditions. So, it’s not a good idea to remove all of it. If you aerate too much, it could cause drainage problems due to the excessive holes in the soil.
What are the best lawn aerators to buy?
Top lawn aerator
Agri-Fab 45-0299 48-Inch Tow Plug Aerator
What you need to know: This heavy-duty tow-behind core lawn aerator is designed to handle large yards with any soil type.
What you’ll love: It comes with 32 galvanized knives that can easily penetrate the ground. It also has a weight tray that can carry up to 175 pounds for a more effective aeration. It’s 48 inches wide and can pull up 3-inch-long cores to loosen up the toughest soil. Plus, it can be hooked up to a tractor or lawnmower.
What you should consider: It’s tricky to reverse when using it.
Where to buy: Sold by Amazon and Home Depot
Top lawn aerator for the money
Yard Butler IM-7C Multi Spike Lawn Aerator — Spike Grass Aerator Lawn Tool
What you need to know: This manual spike aerator is perfect for anyone who wants to aerate a small section of the yard or garden.
What you’ll love: It has a comfortable, 3-foot-long handle that makes it easy to penetrate the soil without having to bend over. It consists of powder-coated steel that’s resistant to rust and corrosion.
What you should consider: The tines are not that long, and they have trouble penetrating hard soil.
Where to buy: Sold by Amazon
Worth checking out
Agri-Fab 45-0544 40-Inch Spike Aerator
What you need to know: This tow-behind aerator is perfect for anyone looking to quickly aerate a large yard.
What you’ll love: With a 40-inch weight tray that can hold up to 100 pounds, this spike aerator can dig into the ground and break up compacted soil with ease. It has 10 disks with eight spikes on each that can rotate at a consistent pace and distance for even aeration. The spikes consist of tough galvanized steel.
What you should consider: The paint can chip when exposed to frequent moisture.
Where to buy: Sold by Amazon and Home Depot
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Copyright 2022 BestReviews, a Nexstar company. All rights reserved. | https://cw33.com/reviews/br/lawn-garden-br/lawn-care-br/the-best-lawn-aerators-2022/ | 2022-08-05T20:28:02Z |
WASHINGTON, April 1, 2022 /PRNewswire/ -- Today, the Fulbright Association presented Bono, U2 lead singer and co-founder of ONE and (RED), with the 2021 J. William Fulbright Prize for International Understanding for his commitment to seek justice by fighting to end extreme poverty, tackle global health crises, and spur economic development in the poorest parts of the planet.
Watch the program here.
Speaking at this evening's event about growing up in Ireland, Bono said, "We looked to America. We saw a country with its own long-running arguments, its own injustices. We knew this promised land wasn't always keeping to that promise. We knew America wasn't living up to all its ideals, but the fact is America had ideals.
"We knew that because you wrote them down, you cited them, you held yourself to account on them. They shaped the struggle for civil rights and women's rights and gay rights. I don't know how, but I seemed to know that America wasn't just a country. I felt it was an idea, if not yet a fact.
"Even when it got messy. Even when it got wild. America isn't classical music, America is punk rock, America is hip-hop. I had a sense of America's wrestling with itself, caught in the act of becoming… becoming itself… becoming its better self.
"William Fulbright talked about 'the magnetism of freedom', though he was selective about it. Even if he missed the full expression of it, in Ireland we felt its pull. And I have ever since.
"I love this song called America. And I ask you tonight as both fanboy and critic: Can you still hold that tune?"
"The causes Bono has devoted himself to remain all too relevant today. While affordable treatments have brought HIV/AIDS under control, a new pandemic left Africans at the back of the queue for vaccines," said Dr. Ngozi Okonjo-Iweala, Director-General of the World Trade Organization, who introduced Bono. "So, we will still need Bono to keep up his advocacy work in the months and years ahead. And though he won't have time to rest on his laurels, there's no one who deserves this award more than he does."
The Prize focuses on and rewards outstanding contributors to bringing cultures, nations and peoples together. Past Prize Laureates include Nelson Mandela, Bill and Melinda Gates, Desmond Tutu, President Bill Clinton, and Chancellor Angela Merkel amongst many others. The Prize also directly benefits the charitable priority of the Laureate. This year, Bono will be donating his $50,000 award to ONE and (RED).
"We're honored to recognize and celebrate Bono's commitment to fighting injustice, extreme poverty, the global AIDS crisis, and more recently, the disparities in the global COVID-19 response," said Justice Cynthia A. Baldwin, Fulbright Association Board Chair and Former Pennsylvania Supreme Court Justice. "The purpose of the Fulbright Prize is to recognize those who promote peace through greater understanding among peoples, cultures, and nations, and there's no doubt that Bono embodies the best of leadership in times of unrelenting global crises and challenges."
"Bono joins a distinguished history of laureates, and the recognition is well deserved," said John Bader, Fulbright Association Executive Director. "We all have a responsibility to advance peace and understanding, and I hope that Bono's leadership serves as an example to people around the world that we can all use our time, unique talent, and platform for a greater purpose."
The 2021 J. William Fulbright Prize for International Understanding Award Ceremony was made possible by generous contributions from sponsors, including the Bill & Melinda Gates Foundation, Dr. H. Andréa Neves, BroadReach Group, Egon Zehnder, Namecoach, and Georgia-Pacific.
Additional photos and video available upon request.
About the J. William Fulbright Prize for International Understanding
The Fulbright Prize honors one of the world's most prestigious international exchange programs, as well as the vision of its sponsor, the late Senator J. William Fulbright. Awarded by the Fulbright Association since 1993, the Prize recognizes outstanding contributions to promoting peace through greater understanding among peoples, cultures, and nations. The Prize has a distinguished history of laureates, among them Nelson Mandela, Jimmy Carter, Desmond Tutu, Bill Clinton, Vaclav Havel, Corazon Aquino, Mary Robinson, Doctors without Borders, Bill and Melinda Gates, and Angela Merkel. More on the Prize, with a complete list of laureates, at fulbright.org/prize
About the Fulbright Program
The Fulbright Program celebrates its 75th Anniversary this year, marking its creation in 1946 through Congressional legislation proposed by Senator J. William Fulbright. The Program embodies the visionary concept of promoting mutual understanding between countries through academic and bicultural exchange. The Program provides exchanges between the United States and more than 160 countries worldwide, funded by the U.S. Government with bipartisan support and contributions from 52 foreign countries whose permanent commissions execute the Fulbright Program on a binational level. Annually, about 8,000 grantees, American and foreign, participate in the Fulbright exchange as students, scholars, researchers, English teachers, and professional specialists. Since its inception, the Program has sponsored approximately 390,000 grantees. Read more at eca.state.gov/fulbright
About the Fulbright Association
The Fulbright Association is the alumni organization of the Fulbright Program in the United States, representing over 140,000 American grantees. Founded in 1977, it is an independent non-profit organization based in Washington, DC, with 55 chapters in 38 states. Its mission is to continue and extend the Fulbright tradition of education, advocacy, and service through local, national and international programs. The Fulbright Association works with partners in more than 160 countries and 70 sister alumni associations around the world. Read more at fulbright.org
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SOURCE Fulbright Association | https://www.wibw.com/prnewswire/2022/04/01/fulbright-prize-honors-bono-lead-singer-u2-activist-co-founder-one-red/ | 2022-04-01T12:05:59Z |
Self-Advocate Yvonne Kluttz (Anaheim) and Service Provider Rick Perez (Lake Forest and Fountain Valley) to Serve One-Year Terms
SANTA ANA, Calif., July 20, 2022 /PRNewswire/ -- The Board of Directors of Regional Center of Orange County has appointed Anaheim's Yvonne Kluttz to serve a one-year term beginning July 1 and continuing through June 30, 2023. In addition, the organization's Vendor Advisory Committee (VAC) elected Rick Perez to serve as the VAC representative on the Board, from June 2 through May 31, 2023. Both are unpaid volunteer positions and the VAC position is a non-voting role.
Yvonne Kluttz, a self-advocate who receives services from RCOC, has cerebral palsy and an intellectual disability. She also serves on the Consumer Advisory Committee for the California Department of Developmental Services and has served on Orange County's local Area Board XI and on the State Council on Developmental Disabilities. She was honored with RCOC's Spotlight Award in the Self-Advocate category in 2013 for her dedication to ensuring a voice for people with developmental disabilities and for advocating for others who may not be able to speak for themselves.
Rick Perez, whose role on the Board is to represent the hundreds of local service providers RCOC works with to meet the needs of people with developmental disabilities and their families, is President and Program Director of Abilities Unlimited, a day program for adults that has offices in Lake Forrest and Fountain Valley. He has worked with individuals with developmental disabilities for over 16 years and received his Master's degree in Counseling with an emphasis in Applied Behavior Analysis from California State University, Los Angeles. He is also a Board Certified Behavior Analyst (BCBA).
About Regional Center of Orange County: Regional Center of Orange County is the private, nonprofit organization contracted by the State of California to coordinate lifelong services and supports for more than 23,000 Orange County residents with developmental disabilities and their families. The Regional Center is the first stop for those seeking to obtain local services and supports to help them live safely and with dignity in the community. Developmental disabilities include intellectual disabilities, autism, epilepsy and cerebral palsy. Learn more at www.rcocdd.com.
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SOURCE Regional Center of Orange County | https://www.kxii.com/prnewswire/2022/07/20/regional-center-orange-county-appoints-two-new-board-members/ | 2022-07-20T17:06:05Z |
Parkland school shooter’s AR-15 rifle shown to jurors
FORT LAUDERDALE, Fla. (AP) — Jurors in the penalty trial of Florida school shooter Nikolas Cruz got their first view Monday of the AR-15-style rifle he used to murder 17 students and staff members four years ago at Parkland’s Marjory Stoneman Douglas High School, staring intently as it was carried to the front of the courtroom.
Lead prosecutor Mike Satz removed the black semi-automatic Smith & Wesson from a cardboard box and carried it to Broward sheriff’s Sgt. Gloria Crespo, who said it was found on the landing of a third-floor stairwell. Video seen by jurors previously showed Cruz placed it there along with the black shooter’s vest he had been wearing before fleeing the school.
The defense objected to the weapon’s introduction, saying without explanation that it lacked relevance and was unfairly prejudicial. The defense also objected to Satz placing the gun on the floor behind him in easy view of the jurors instead of placing it on an evidence table away from them. Circuit Judge Elizabeth Scherer rejected the objections.
David S. Weinstein, a Miami criminal defense attorney and former prosecutor who is not involved in the case, said the defense believes that since Cruz pleaded guilty, the gun and other evidence such as surveillance video and crime scene photos are no longer relevant and serve to inflame the jurors’ emotions.
Prosecutors have successfully argued that such evidence is necessary to prove the murders included at least one aggravating factor such as being committed in a cruel or heinous manner or during a crime that endangered the lives of many people.
Crespo also testified that Cruz, then 19, had five gun magazines remaining in the vest, containing 160 total bullets. He had fired more than 100 shots as he stalked the three-story building for seven minutes, firing down hallways and into classrooms. The former Stoneman Douglas student, who had been expelled a year earlier, wounded 17 in addition to the 14 students and three staff members.
Inside a vest pocket, Cruz, now 23, also had a police identification card his late father had been issued by a New York department. Roger Cruz died when Nikolas Cruz was 5, succumbing to a heart attack in front of him. Prosecutors did not say if Roger Cruz had been a police officer or if it were some other type of ID.
The jurors also were shown photos Crespo took of the bodies of five students and a teacher who died on the third-floor, all with multiple wounds from being shot at close range. Those were not shown to the gallery, where several parents and family members sat. Last week, jurors saw their first graphic crime scene and autopsy photos.
Earlier Monday, the seven-man and five-woman jury and their 10 alternates heard from Uber driver Laura Zecchini, whom Cruz hired to drive him to the school. She said he appeared nervous during the 13-minute ride and was carrying a large black soft-sided carrying case. Cruz told Zecchini he was going to his music lesson.
Cruz pleaded guilty in October to 17 counts of first-degree murder, so the jury will only decide if he is sentenced to death or life without parole.
His is the deadliest mass shooting in U.S. history to reach trial. Nine U.S. gunmen besides Cruz who killed at least 17 people died during or immediately after their shootings, either by suicide or police gunfire. The suspect in a 10th, the 2019 slaying of 23 people at a Walmart in El Paso, Texas, is awaiting trial.
When jurors eventually get the case, probably in October or November, they will vote 17 times, once for each of the victims, on whether to recommend capital punishment.
For each death sentence, the jury must be unanimous or the sentence for that victim is life. The jurors are told that to vote for death, the prosecution’s aggravating circumstances for that victim must, in their judgment, “outweigh” the defense’s mitigators. A juror can also vote for life out of mercy for Cruz. During jury selection, the panelists said under oath that they are capable of voting for either sentence.
___
Associated Press writer Freida Frisaro in Fort Lauderdale contributed to this report.
Copyright 2022 The Associated Press. All rights reserved. | https://www.kxii.com/2022/07/25/parkland-school-shooters-ar-15-rifle-shown-jurors/ | 2022-07-25T20:36:45Z |
Crystal Ottaviano Named Global Risk Solutions Chief Risk Officer and Chantal Rodriguez Appointed Liberty Mutual Reinsurance Chief Underwriting Officer
BOSTON, Aug. 16, 2022 /PRNewswire/ -- Liberty Mutual Insurance today announced the appointment of two individuals to newly created leadership positions within Global Risk Solutions (GRS), its commercial and specialty (re)insurance unit. Effective September 1, Crystal Ottaviano will join as GRS Chief Risk Officer, and Chantal Rodriguez will become Liberty Mutual Reinsurance Chief Underwriting Officer. Ottaviano will report to GRS Chief Financial Officer Alison Erbig. Rodriguez will report to both GRS President of Underwriting Matthew Moore and Liberty Mutual Reinsurance President Dieter Winkel.
As GRS Chief Risk Officer, Ottaviano will build differentiated global risk expertise capabilities that support a forward-thinking, risk-aware underwriting mindset designed to deliver exceptional value to Liberty's partners and customers. Ottaviano, who has more than 25 years of risk management experience, joins from Aspen Insurance Group, where she was Group Chief Risk Officer. Throughout her career, she served in many senior leadership roles, including Chief Risk Officer of Swiss Reinsurance America and Head of Risk Management at Hiscox US.
"Given today's tremendously complex and interconnected risk environment, a CRO's key function in implementing and maintaining comprehensive risk frameworks and fostering a strong risk culture has never been more important," said Erbig. "Crystal plays a vital role in helping deliver superior underwriting performance by creating these frameworks to drive risk-informed decisions. I'm delighted to have her join my team and bring her tremendous risk leadership to GRS."
As Liberty Mutual Reinsurance Chief Underwriting Officer, Rodriguez is accountable for underwriting performance across its broad set of flexible treaty reinsurance products, delivered through 18 offices across the globe. She is a 13-year veteran of Liberty Mutual, most recently serving as Liberty Specialty Markets Head of Enterprise Risk Management. Throughout her 17 years in the industry, she has successfully shaped and executed reinsurance strategies, delivered robust and consistent underwriting risk assessment and appetite, and led cross-functional international teams.
"Chantal's proven underwriting, actuarial, and enterprise risk management leadership will drive outstanding underwriting performance across Liberty Mutual Reinsurance," said Moore. "She, together with the recently announced chief underwriting officers for GRS North America and Global Surety, will help us deliver holistic solutions to clients' complex and emerging risks by bringing industry-leading products and risk expertise to every client interaction."
About Liberty Mutual Insurance
At Liberty Mutual, we believe progress happens when people feel secure. By providing protection for the unexpected and delivering it with care, we help people and businesses embrace today and confidently pursue tomorrow.
In business since 1912, and headquartered in Boston, today we are the sixth largest global property and casualty insurer based on 2020 gross written premium. We also rank 78 on the Fortune 100 list of largest corporations in the U.S. based on 2021 revenue. As of December 31, 2021, we had $48.2 billion in annual consolidated revenue.
We employ over 45,000 people in 29 countries and economies around the world. We offer a wide range of insurance products and services, including personal automobile, homeowners, specialty lines, reinsurance, commercial multiple-peril, workers compensation, commercial automobile, general liability, surety, and commercial property.
For more information, visit www.libertymutualinsurance.com.
Contact: mediarelations@libertymutual.com
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SOURCE Liberty Mutual Insurance | https://www.wibw.com/prnewswire/2022/08/16/liberty-mutual-insurance-appoints-leaders-two-important-new-roles-global-risk-solutions/ | 2022-08-16T14:47:25Z |
PORTER, Texas, Aug. 9, 2022 /PRNewswire/ -- Ruthmann Reachmaster announces the expansion of its team with additions, and an executive appointment. Congratulations to Mr. Tom Goyer, and welcome to Mr. Robin Paeper and Ms. Samantha Ayala-Linan.
With decades of experience in the aerial equipment industry, Mr. Goyer has been with Ruthmann Reachmaster since 2018. Ebbe Christensen, President, said, "In addition to Tom's extensive experience in sales of truck mounted aerial equipment, this appointment will leverage his operational and management experience as we grow." Mr. Goyer is looking forward to the challenge. "The whole industry has faced global supply chain & logistical issues. We have met these challenges with growing sales. This has emphasized the need for management structure in order to be able to react quickly to market changes." Since 2020, Mr. Goyer has held the role of Vice President of truck-mounted sales. "I look forward to becoming a more integrated part of daily management efforts."
The company welcomes Mr. Robin Paeper. "Robin will operate out of Los Angeles expanding our activities in the region, as well as servicing our national accounts. He brings immense industry experience from a long career as manager for national rental companies," says Christensen. Mr. Paeper stated, "I am excited to join the Ruthmann Reachmaster team, whom I have known for many years. Our combined vision for the future includes the growth of regional and national activities, this represents a great opportunity to promote the company's range of specialty aerial equipment and glass manipulators." Mr. Christensen added, "We have sales coverage on the west coast through Wirant Sales, however adding Robin to further lead these efforts reflects our focus on getting closer to our customer."
We would also like to welcome Ms. Samantha Ayala-Linan, who will begin in her new role at Ruthmann Reachmaster at the Porter, Texas headquarters. She will also serve as a liaison for the company's growing activities in Mexico.
The company has experienced profitable growth as the result of the merger between Ruthmann NA and Reachmaster, Inc., and by becoming part of Time Manufacturing Company. By strengthening infrastructure and teams as we continue to hire, the company is well positioned to meet demand while providing personal and professional service.
Ebbe Christensen, President • ehc@ruthmannreachmaster.com
Ruthmann Reachmaster - a leading North American supplier of truck-mounted aerial lifts, compact aerials, and material handling equipment. As a Time Manufacturing Company, the firm offers a premium range of equipment and has a rich history of providing customers with innovative access solutions.
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SOURCE Time Manufacturing Company | https://www.kxii.com/prnewswire/2022/08/09/ruthmann-reachmaster-expands-north-american-presence/ | 2022-08-09T19:08:43Z |
Partnership to bring powerful Web3 capabilities to digital, mobile, and social media innovation for brands.
LOS ANGELES and JOHANNESBURG, Aug. 17, 2022 /PRNewswire/ -- Vatom™, a leading Web3 company based in California, today announced its selection as the lead Web3 platform partner of prolific digital agency YONDER. YONDER, a subsidiary of WPP plc, will leverage Vatom's best-in-class Web3 capabilities to create new value for brands seeking to unlock the power of the burgeoning ownership economy. With this partnership, Vatom will become the core Web3 platform for YONDER's Immersive Web and Smart NFT service offering.
"Having executed several successful projects using the Vatom platform, the decision to fully commit to this partnership was a no-brainer," said Rick Joubert, CEO of YONDER. "We will continue to integrate Vatom technology into our own tech stack to complement the significant investments we've been making in talent and skills development in the Web3 space. YONDER shares Vatom's unique vision for the future of brand-consumer engagement and value exchange – this has been key to our collaboration to date and lays an important foundation for the future of our partnership," concluded Rick Joubert.
The announcement follows shortly on the heels of a first-ever electric vehicle launch in the metaverse, the VolvoVerse. A collaboration between multiple WPP agencies including YONDER in support of the launch of the Volvo XC40 Recharge in India, this project leveraged Vatom's Web3 platform to enable a highly successful launch at scale in a developing market – with access to the VolvoVerse made possible via no more than a personal computer or Smartphone.
"YONDER possesses a rare understanding of how Web3 technology will revolutionize the digital media landscape, and we're thrilled that they have taken a long-term view on us as their primary Web3 partner," said Eric Pulier, founder, and CEO of Vatom.
About Vatom
Vatom is the first feature-complete Web3 platform, built with an easy-to-use no-code, plug-in architecture that enables a new form of customer engagement. With our platform companies can create their own virtual spaces, distribute a simple, consumer friendly Web3 wallet, create, buy, sell, exchange smart NFT's, and launch their own branded marketplaces and social tokens. What Salesforce is to the Enterprise we are to Web3.
Please visit www.vatom.com for more company information.
About YONDER:
YONDER is a full-service digital agency with offices in Johannesburg and Cape Town. YONDER has positioned itself for growth as a specialist solution provider to brands and agencies in the Web3 and Meta ecosystems and has made significant investments in capacity to support this positioning. The agency has a high-quality portfolio of direct and indirect clients and counts a robust team of software engineers, UX specialists, Web3 creatives, digital media strategists and managers and community managers among its growing team of almost seventy passionate professionals. For more about YONDER, visit www.yonder.co.za and follow @Yonder_ZA on Twitter and LinkedIn - https://www.linkedin.com/company/yonder-za/
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SOURCE Vatom | https://www.wibw.com/prnewswire/2022/08/17/award-winning-digital-agency-yonder-announces-key-partnership-commitment-with-leading-web3-platform-vatom/ | 2022-08-17T16:43:49Z |
Sheryl Sandberg, No. 2 executive at Facebook parent company, is stepping down
SAN FRANCISCO (AP) — Sheryl Sandberg, the No. 2 executive at Facebook owner Meta, is stepping down, according to a post Wednesday on her Facebook page. Sandberg has served as chief operating officer at the social media giant for 14 years. She joined from Google in 2008, four years before Facebook went public.
Meta did not immediately respond to a message for comment.
“When I took this job in 2008, I hoped I would be in this role for five years. Fourteen years later, it is time for me to write the next chapter of my life,” Sandberg wrote on her Facebook page. She did not say what she planned to do.
Sandberg has led Facebook’s — now Meta’s — advertising business and was responsible for nurturing it from its infancy into an over $100 billion-a-year powerhouse.
Meta CEO Mark Zuckerberg said in his own Facebook post that he doesn’t plan to replace Sandberg in the company’s existing structure. Javier Olivan will serve as Meta’s new COO.
Zuckerberg said this “this role will be different from what Sheryl has done. It will be a more traditional COO role where Javi will be focused internally and operationally, building on his strong track record of making our execution more efficient and rigorous.”
While Sandberg has long been Zuckerberg’s No. 2, even sitting next to him — pre-pandemic, at least — in the company’s Menlo Park, California, headquarters, she also had a very public-facing job, meeting with lawmakers, holding focus groups and speaking out on issues such as women in the workplace and most recently, abortion.
“I think Meta has reached the point where it makes sense for our product and business groups to be more closely integrated, rather than having all the business and operations functions organized separately from our products,” Zuckerberg wrote.
Sandberg has had some public missteps at the company, including her attempt to deflect blame from Facebook for the Jan. 6, 2021, insurrection at the U.S. Capitol. In an interview later that month that was streamed by Reuters, she said she thought the events of the day were “largely organized on platforms that don’t have our abilities to stop hate, don’t have our standards and don’t have our transparency.”
This turned out to be untrue. Internal documents, revealed by whistleblower Frances Haugen later that year, showed that Facebook’s own employees were concerned about the company’s halting and often reversed response to rising extremism in the U.S.
“Haven’t we had enough time to figure out how to manage discourse without enabling violence?” one employee wrote on an internal message board at the height of the Jan. 6 turmoil. “We’ve been fueling this fire for a long time and we shouldn’t be surprised it’s now out of control.”
Copyright 2022 The Associated Press. All rights reserved. | https://www.wibw.com/2022/06/01/sheryl-sandberg-no-2-executive-facebook-parent-company-is-stepping-down/ | 2022-06-01T20:23:20Z |
NEW YORK, May 12, 2022 /PRNewswire/ -- Paramount Global (NASDAQ: PARA; PARAA) today announced that Naveen Chopra, Chief Financial Officer, will participate in a question and answer session during the MoffettNathanson Media & Communications Summit in New York, NY on Thursday, May 19, 2022, at 10:00 a.m. ET.
A live audio webcast will be available on Paramount's Investor Relations homepage at ir.paramount.com. A replay of the audio webcast will be available in the Events, Webcasts & Annual Meetings section shortly after the conclusion of the presentation.
About Paramount
Paramount Global (NASDAQ: PARA, PARAA) is a leading global media and entertainment company that creates premium content and experiences for audiences worldwide. Driven by iconic studios, networks and streaming services, Paramount's portfolio of consumer brands includes CBS, Showtime Networks, Paramount Pictures, Nickelodeon, MTV, Comedy Central, BET, Paramount+, Pluto TV and Simon & Schuster, among others. Paramount delivers the largest share of the U.S. television audience and boasts one of the industry's most important and extensive libraries of TV and film titles. In addition to offering innovative streaming services and digital video products, the company provides powerful capabilities in production, distribution and advertising solutions.
For more information about Paramount, please visit www.paramount.com and follow @Paramount on social platforms.
PARA-IR
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SOURCE Paramount Global | https://www.mysuncoast.com/prnewswire/2022/05/12/paramount-global-cfo-naveen-chopra-participate-moffettnathanson-media-amp-communications-summit/ | 2022-05-12T22:44:18Z |
The new subscription service takes home health monitoring to the next level.
SAN FRANCISCO, July 26, 2022 /PRNewswire/ -- Qardio, a leader in connected care with predictive insight for a changing world, announces today the launch of their new subscription service Qardio+. Qardio+ will work with the QardioArm portable blood pressure monitor to offer a comprehensive health monitoring system.
Created using innovative health and wellness technology, Qardio+ will allow users an easy and convenient way to track, monitor, and share blood pressure results with ease.
"At Qardio our goal is to make getting and staying healthy easy and accessible to all." said Bruce Zajac, Vice President Global Sales, Marketing, and Strategic Accounts. "Qardio+ was created to further our brand mission, creating a space for current and future members of the Qardio community to safely and conveniently take care of themselves."
Qardio+ creates a portfolio of data with tailored results specific to your health journey in an all-in-one platform to track health information. The service allows users to:
A health report is generated on a monthly basis that can be shared with healthcare providers, family members, or friends. Each blood pressure measurement is tracked and saved, creating a portfolio of data with tailored results specific to your health journey. Monthly detailed reports contain a variety of views of results and provide month-over-month insight into your health and habits as a comparison with previous periods.
Manage your medications by adding medication details including specific measurements, when/how to take certain medications, and more. Create daily activities to help track consumption and measurements throughout the day.
The Qardio+ subscription provides insight into environmental elements, such as weather and air pollution insights. This information allows the user to understand how specific elements and the environment affect ones health in order to better manage daily activities.
Qardio+ is available now to iOS users with a 30-day free trial. Subscriptions can be purchased either monthly at $9.99/month or annually at $99.99 total.
To learn more about Qardio+ or start a free trial, visit www.qardio.com/qardioplus/.
Qardio is a medical technology company that operates at the intersection of cardiology and remote monitoring. Qardio's suite of solutions provides improved outcomes for care providers and their patients across a range of care modalities via improved workflows and diagnostic yields, reduced cost, and ease of use. Founded in 2012, Qardio's primary mission is to improve outcomes for adults living with a chronic heart condition, through simplified monitoring and diagnosis. QardioDirect, the remote patient monitoring service is equally suited to primary care and to discrete applications in hypertension, cardiovascular disease, obesity, chronic kidney disease, diabetes, post-surgical care and other chronic care conditions. Our award-winning solutions are available via medical channels and select consumer channels, to deliver the greatest impact.
For more information on Qardio, visit www.qardio.com.
Contact
media@qardio.com
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SOURCE Qardio | https://www.mysuncoast.com/prnewswire/2022/07/26/qardio-launches-add-new-level-convenience-qardioarm-users/ | 2022-07-26T17:55:06Z |
VIROQUA, Wis., June 3, 2022 /PRNewswire/ -- A multistate outbreak of hepatitis A in the US and Canada, potentially linked to fresh organic strawberries purchased in grocery stores, is yet another case for buying local: It's easier to trust your food when you know your farmer.
A new tool from The Cornucopia Institute, a nonprofit watchdog for the organic label, is helping eaters find these local gems. The Local Organic Berry Map identifies farms growing soil-grown, pesticide-free berries — some of the most delicious, nutrient-packed berries available.
Unlike the giant, blemish-free blueberries, blackberries, raspberries, and strawberries that travel thousands of miles on tractor-trailers, these local alternatives are grown by farmers with direct relationships with the eaters who enjoy the sometimes-misshapen fruits of their meticulous labor.
Many of these organic farms, often small-scale operations, offer sales from their farms, with lush strawberries sold side-by-side with bright asparagus. But in states where berry season is a treasured time, many of these farms find a retail home on the grocery shelves.
Seeking them out is a meaningful act. "Choosing certified organic, soil-grown berries is an investment in farmers who are supporting human health and your local ecosystem," says Cornucopia Policy Director Marie Burcham. "Authentic organic berry growers use a range of holistic practices that feed the soil microbiome, and vibrant soil is the source of the nutrients you need."
So act fast and stock up on organic berries from your local grower. This winter, you will revel in the joy of a solstice pie made with blueberries sourced from your freezer.
To receive future press releases from The Cornucopia Institute, contact us here.
Contact: Michele Marchetti, Deputy Director, marchetti@cornucopia.org
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SOURCE The Cornucopia Institute | https://www.kxii.com/prnewswire/2022/06/03/cornucopia-releases-new-local-organic-berry-map/ | 2022-06-03T11:44:33Z |
MINNEAPOLIS and SAINT PAUL, Minn., April 12, 2022 /PRNewswire/ -- U.S. Assistant Secretary of Commerce for Economic Development Alejandra Y. Castillo will tour the University of Minnesota and conduct a roundtable discussion about the Greater MSP region's efforts to promote inclusive economic growth.
This morning, Assistant Secretary Castillo will conduct a tour of the University of Minnesota, led by University President Joan Gabel. The tour will include visits to labs that are central to the region's growing bio-innovation cluster.
Assistant Secretary Castillo will then moderate a 'Coalition Conversation' with elected officials and leaders of public, nonprofit and civic organizations, including:
- Lieutenant Governor Peggy Flanagan
- Saint Paul Mayor Melvin Carter
- Christophe Beck, CEO of Ecolab
- Tawanna Black, Founder & Chief Executive Officer of the Center for Economic Inclusion
- Dr. Paul Campbell, Managing Partner of Brown Venture Group
- Roberta Antoine Dressen, President & CEO of Medical Alley Association
- Peter Frosch, President and CEO of GREATER MSP
- Alfredo Martel, President, CEO of Meda
- Adair Mosley, President & CEO of Pillsbury United Communities
- Laysha Ward, Executive Vice President and Chief External Engagement Officer at Target
- Miriam Williams, Chief Administrative Officer of Summit Academy OIC
The conversation is a learning opportunity for EDA to understand how the finalists built their coalition and created a collective vision for their region.
"We are delighted to host Assistant Secretary Castillo for a conversation with leaders who are working to transform our region with a new model of inclusive economic growth," said GREATER MSP President and CEO Peter Frosch. "The Assistant Secretary is interested to learn about the bold actions we are taking in the Greater MSP region to accelerate our economy through innovation and inclusion."
The Greater MSP region was selected for the Assistant Secretary's visit because it is one of the 60 finalist regions in the EDA's $1 billion Build Back Better Regional Challenge, an American Rescue Plan program that invests in projects to catalyze a region's high-growth economic sectors.
The Greater MSP region submitted its application to the EDA competition on March 15, 2022. The application describes plans for the "Bold North BioInnovation Cluster," a detailed plan for investing in Minnesota's next globally leading economic sector. Bio-innovation builds on two existing sectors of strength in human health and food and agriculture. New opportunities for growth exist in adjacent domains, including sustainability, data and computing, and advanced manufacturing.
The application submitted by the GREATER MSP Partnership is focused on creating a vibrant economic sector that addresses historic inequities and racial disparities, with a stated vision to build America's most inclusive bio-innovation cluster. The project has the potential to accelerate growth of the state's bio-innovation sector generating up to 27,000 additional jobs and $30 billion in new economic output over ten years.
About GREATER MSP
GREATER MSP is the economic development partnership for the 15-county Minneapolis Saint Paul region. Over 300 leading businesses, universities, cities, counties, philanthropies, and others are working together to accelerate the competitiveness of the regional economy and drive inclusive economic growth through job creation, capital investment and the execution of strategic initiatives. For more information go to greatermsp.org.
About the American Rescue Plan Programs
The Build Back Better Regional Challenge is one of many EDA programs aimed at building strong regional economies and supporting community-led economic development. Under the American Rescue Plan, EDA was allocated $3 billion in supplemental funding to assist communities nationwide in their efforts to build back better by accelerating the economic recovery from the coronavirus pandemic and building local economies that will be resilient to future economic shocks.
American Rescue Plan funding enables EDA to provide larger, more transformational investments across the nation while utilizing its greatest strengths, including flexible funding to support community-led economic development. With an emphasis on equity, EDA investments made under the American Rescue Plan will directly benefit previously underserved communities impacted by COVID-19. For more information about EDA's American Rescue Plan programs, visit eda.gov/ARPA.
About the U.S. Economic Development Administration
The mission of the U.S. Economic Development Administration (EDA) is to lead the federal economic development agenda by promoting competitiveness and preparing the nation's regions for growth and success in the worldwide economy. An agency within the U.S. Department of Commerce, EDA invests in communities and supports regional collaboration in order to create jobs for U.S. workers, promote American innovation, and accelerate long-term sustainable economic growth. For more information about EDA, visit eda.gov.
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SOURCE GREATER MSP | https://www.mysuncoast.com/prnewswire/2022/04/12/eda-head-visits-greater-msp-region-first-hand-look-bio-innovation-inclusive-economic-growth-initiatives/ | 2022-04-12T17:46:27Z |
NEW YORK, June 15, 2022 /PRNewswire/ -- The Gross Law Firm issues the following notice to shareholders of IonQ, Inc..
Shareholders who purchased shares of IONQ during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery.
CONTACT US HERE:
https://securitiesclasslaw.com/securities/ionq-inc-loss-submission-form/?id=28547&from=4
CLASS PERIOD: March 30, 2021 to May 2, 2022
ALLEGATIONS: The complaint alleges that during the class period, Defendants issued materially false and/or misleading statements and/or failed to disclose that: (1) IonQ had not yet developed a 32-qubit quantum computer; (2) the Company's 11-qubit quantum computer suffered from significant error rates, rendering it useless; (3) IonQ's quantum the computer is not sufficiently reliable, so it is not accessible despite being available through major cloud providers; (4) a significant portion of IonQ's revenue was derived from improper roundtripping transactions with related parties; and (5) as a result of the foregoing, defendants' positive statements about the Company's business, operations, and prospects were the materially misleading and/or lacked a reasonable basis.
DEADLINE: August 1, 2022 Shareholders should not delay in registering for this class action. Register your information here: https://securitiesclasslaw.com/securities/ionq-inc-loss-submission-form/?id=28547&from=4
NEXT STEPS FOR SHAREHOLDERS: Once you register as a shareholder who purchased shares of IONQ during the timeframe listed above, you will be enrolled in a portfolio monitoring software to provide you with status updates throughout the lifecycle of the case. The deadline to seek to be a lead plaintiff is August 1, 2022. There is no cost or obligation to you to participate in this case.
WHY GROSS LAW FIRM? The Gross Law Firm is nationally recognized class action law firm, and our mission is to protect the rights of all investors who have suffered as a result of deceit, fraud, and illegal business practices. The Gross Law Firm is committed to ensuring that companies adhere to responsible business practices and engage in good corporate citizenship. The firm seeks recovery on behalf of investors who incurred losses when false and/or misleading statements or the omission of material information by a company lead to artificial inflation of the company's stock. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT:
The Gross Law Firm
15 West 38th Street, 12th floor
New York, NY, 10018
Email: dg@securitiesclasslaw.com
Phone: (646) 453-8903
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SOURCE The Gross Law Firm | https://www.kxii.com/prnewswire/2022/06/15/shareholder-alert-gross-law-firm-notifies-shareholders-ionq-inc-class-action-lawsuit-lead-plaintiff-deadline-august-1-2022-nyse-ionq/ | 2022-06-15T10:08:03Z |
Canton Township responds to Stark Glass Block fire
Repository staff report
CANTON TWP. – Firefighters responded about 5:15 p.m. Monday to a fire at Stark Glass Block on 12th Street NW.
Chief Christopher Smith said the cause appeared to be electrical in nature but still was under investigation. He said no one was in the building at 4018 12th St. NW when firefighters arrived.
The Canton Township Fire Department extinguished the fire in about 45 minutes and remained on the scene for a couple of hours. Smith estimated $30,000 to $40,000 in damage to the contents and building.
"The most extensive damage was smoke and water," he said.
The Canton Fire Department, Tri-Division Ambulance, and Nimishillen Township Fire Department assisted the township firefighters. | https://www.cantonrep.com/story/news/local/stark-county/2022/04/19/canton-township-fire-department-extinguishes-fire-12-th-street-nw/7362664001/ | 2022-04-19T13:57:26Z |
NEW JERSEY, June 2, 2022 /PRNewswire/ - RxBIO, a medical device distributor based in Toronto, CA, gains exclusivity to sell the NeoGen Plasma Skin Rejuvenation System (NeoGenPSR) into Iowa, Minnesota and Utah, as well as securing rights in Michigan, Illinois and Kansas.
The NeoGenPSR system uses nitrogen plasma technology which is clinically proven to resurface, regenerate and tighten all skin types in one treatment. This device treats the whole skin architecture, whilst keeping the treated skin intact. The treated epidermis provides a unique biological dressing which supports the natural process of skin regeneration. This promotes faster healing and protects the skin from potential infections and complications seen with traditional ablative light and laser technologies.
As a holistic approach to dermal health, NeoGenPSR offers a solution to clinicians in the USA to treat many dermatological conditions and address many deep-rooted concerns with a non-fractionated and non-ablative treatment using the process of converting medical nitrogen gas into pure nitrogen plasma. The unique properties of nitrogen plasma enable elevated temperatures to be delivered as deep as the reticular dermis at high energy, which promotes skin regeneration that stimulates a natural response in the form of an epidermal resurfacing process within days of having the treatment.
Nitrogen Plasma treatments are ideal for all level of clinics specializing in skin care, that are seeking transformative skin solutions to improve skin tone, texture, pore size, elasticity, tightening and thickness. NeoGenPSR provides a unique and effective skin regeneration procedure without the need for ocular guards, safety glasses, or a laser room. It uses a single platform and handpiece with reusable nozzles, and can be performed by a trained health professional, such as a nurse or cosmetic and esthetic technician.
NeoGen Plasma Techology has undergone numerous clinical studies that demonstrate neocollagenesis and a reduction in elastosis, leading to long-term regeneration and remodelling of collagen and elastin that will continue to improve for up to 12 months post-treatment and will leave results lasting for years after.
FDA Approved - NeoGenPSR is a Class II medical device with 6 dermatological indications to treat Acne Scarring, Actinic Keratosis, Viral Papillomata, Wrinkles and Rhytides, Seborrheic Keratosis and Superficial Lesions.
NeoGenPSR was developed in 2010 and launched into the USA Market in 2013 as a safe and effective, alternative technology with remarkable results to treat the largest organ in the human body, the skin, with minimal downtime and without puncturing or vaporizing the skin's surface. The technology can be used alone or in conjunction with other surgical and cosmetic procedures.
RxBIO, a Canadian biotech distribution company, maintains a global infrastructure focusing their expertise in providing trusted access to innovative medical technologies to the healthcare industry. Headquartered out of Toronto, Canada with additional licensed facilities in USA and Ireland, RxBIO executes and adds value by educating healthcare professionals, creating physician and patient access to advanced medical devices, and building long-lasting relationships with their partners.
Energist Medical Group, headquartered in the U.K., is home to the uniquely innovative NEOGEN™ family, with over 200,000 treatments performed globally. The NeoGenPSR is one of three nitrogen plasma systems in the NeoGen portfolio and provides licensed medical practitioners with a comprehensive range of treatment possibilities.
For further information:
RxBIO Corp.
President: Jasmin Jetha, jasmin@rxbio.co
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SOURCE RxBIO | https://www.wibw.com/prnewswire/2022/06/02/rxbio-launches-neogen-plasma-skin-rejuvenation-usa-neogen-plasma-brings-unique-solution-treat-whole-skin-architecture/ | 2022-06-02T21:01:11Z |
Pentagon spokesman John Kirby moving to the White House
By Kaitlan Collins, CNN
Pentagon spokesman John Kirby is soon moving to the White House, a source familiar with the matter tells CNN.
While the details are still being finalized, Kirby is expected to take on a senior foreign policy communications role with the National Security Council. The Pentagon’s chief spokesman has become a prominent face of the administration amid Russia’s invasion of Ukraine.
He will not regularly do White House briefings, according to the current plan, but will supplement White House press secretary Karine Jean-Pierre at the podium when needed.
The Washington Post first reported Kirby’s move to the White House.
Kirby was seen at the White House last week getting a tour of the West Wing. He told people that, despite his years in government service, it was his first time in there. A source said that Kirby met with President Joe Biden to discuss the role in recent days.
As CNN reported, Kirby had been under consideration to replace Jen Psaki as White House press secretary, but the role ultimately went to Jean-Pierre.
The-CNN-Wire
™ & © 2022 Cable News Network, Inc., a WarnerMedia Company. All rights reserved. | https://localnews8.com/politics/cnn-us-politics/2022/05/19/pentagon-spokesman-john-kirby-moving-to-the-white-house/ | 2022-05-20T02:38:09Z |
(NewsNation) — American actor Bo Hopkins, best known for his roles in “Wild Bunch” and “American Graffiti,” died Friday at 80. According to Deadline, Hopkins died of a heart attack.
“It is with great sadness that we announce that Bo has passed away,” a statement on his website confirmed his death. “Bo loved hearing from his fans from around the world and although he was unable to respond to every email over the last few years, he appreciated hearing from each and every one of you.”
During his career, he appeared in more than 100 films and television roles. Originally born William Hopkins, he picked up the nickname “Bo” from a character he played in the film “Bus Stop.”
Before the big screen, Hopkins enlisted in the Army at 16, according to The Hollywood Reporter, and spent nine months in Korea.
He appeared in his final film, “Hillbilly Elegy,” in 2020. He is survived by his wife and two children. | https://cw33.com/news/nexstar-media-wire/american-graffiti-actor-bo-hopkins-dies-at-80/ | 2022-05-29T14:46:50Z |
Coast Guard: 3 children missing after plunging into Mississippi River
NEW ORLEANS (WVUE/Gray News) - Three children are missing after plunging into the Mississippi River late Saturday day, according to WVUE and the U.S. Coast Guard.
The missing children, a 15-year-old boy, a 14-year-old girl and an 8-year-old girl, were reported entering the water sometime around 7:15 p.m. Saturday night near the Cresent City Connection bridge. The bridge connects the east and west banks of New Orleans.
No one knows why the children entered the river.
The New Orleans’ Regional Transit Authority suspended service of the Algiers-Canal Street ferry so the U.S. Coast Guard can enable its vessels to search the area.
The rescue crews dispatched to the area included a Coast Guard MH-65 Dolphin helicopter and the Coast Guard cutter Sawfish. Three other boat crews from Coast Guard Station New Orleans and the Coast Guard Maritime Safety and Security Team were also dispatched, officials said.
The New Orleans Fire Department and New Orleans police have also joined the search for the missing children.
Copyright 2022 WVUE via Gray Media Group, Inc. All rights reserved. | https://www.kxii.com/2022/04/24/coast-guard-3-children-missing-after-plunging-into-mississippi-river/ | 2022-04-24T19:17:06Z |
Sunset Zoo animals get COVID-19 vaccines thanks to K-State Vet students
MANHATTAN, Kan. (WIBW) - Animals at Sunset Zoo in Manhattan are starting to get up to date on their COVID-19 vaccines thanks to the help of K-State Veterinary students.
In the spring of 2022, Kansas State University says its zoo veterinarians and staff from the Sunset Zoo partnered to vaccinate many of the zoo’s animals against COVID-19.
Sara Gardhouse, assistant professor of exotic pet, wildlife and zoological medicine, said the COVID-19 vaccine for zoo animals is different than the Moderna and Pfizer vaccines for humans.
“The vaccine we are using is produced by Zoetis,” said Gardhouse, who is also a clinician in the Veterinary Health Center at K-State. “Zoetis has donated over 15,000 doses of this USDA authorized experimental vaccine to ensure protection of the animals in our zoos, conservation centers, academic centers and government organizations.”
Gardhouse also said that while the vaccine differs in some ways - it still has a lot of similarities to the human vaccine.
“The antigen, or virus, in the vaccine, is the same as in the human vaccines, but the adjuvant, or the ingredient used to promote a better immune response, is different,” Gardhouse said. “This allows the vaccine to be safe for use in animal species. The Zoetis vaccine requires an initial dose, followed by a booster in three weeks.”
K-State noted that all Sunset Zoo animals which require protection have received at least their first dose of the vaccine.
“We are in the process of administering all of their boosters now,” Gardhouse said. “The Sunset Zoo has focused on vaccinating animals known to be susceptible to the virus and in which species-positive cases have been reported. This includes a large number of the mammals and primates that the zoo has.”
The University said Sunset Zoo is home to more than 150 animals - including hyenas, cheetahs, flamingos and an array of primates.
Gardhouse indicated that there have been outbreaks in primates, mustelids - members of the weasel family like otters and ferrets - and many felidae - cats - species in other zoos and facilities.
“The administration of vaccines to zoo animals is slightly different than administration of vaccines to humans,” Gardhouse said. “For many of the animals at the Sunset Zoo, the keepers have worked hard to have them trained to receive injections.”
As of June 17, K-State said Sunset Zoo has not seen any side effects of the vaccine in the animals.
“We are all thrilled that our animals are going to be protected, just like the humans that work with them,” Gardhouse said.
“Sunset Zoo is grateful for the dedicated staff and leadership of the Veterinarian Health Center at Kansas State University that help give our animals excellent care, including these very important vaccines for the wellbeing of our animals,” said Scott Shoemaker, zoo director.
For more information about Sunset Zoo, click HERE.
Copyright 2022 WIBW. All rights reserved. | https://www.wibw.com/2022/06/18/sunset-zoo-animals-get-covid-19-vaccines-thanks-k-state-vet-students/ | 2022-06-18T22:56:48Z |
WASHINGTON (AP) — The Environmental Protection Agency is warning that two nonstick and stain-resistant compounds found in drinking water pose health risks even at levels so low they cannot currently be detected.
The two compounds, known as PFOA and PFOS, have been voluntarily phased out by U.S. manufacturers, but there are a limited number of ongoing uses and the chemicals remain in the environment because they do not degrade over time. The compounds are part of a larger cluster of “forever chemicals” known as PFAS that have been used in consumer products and industry since the 1940s.
The EPA on Wednesday issued nonbinding health advisories that set health risk thresholds for PFOA and PFOS to near zero, replacing 2016 guidelines that had set them at 70 parts per trillion. The chemicals are found in products including cardboard packaging, carpets and firefighting foam
At the same time, the agency is inviting states and territories to apply for $1 billion under the new bipartisan infrastructure law to address PFAS and other contaminants in drinking water. Money can be used for technical assistance, water quality testing, contractor training and installation of centralized treatment, officials said.
Several states have set their own drinking water limits to address PFAS contamination that are far tougher than the federal guidance. The toxic industrial compounds are associated with serious health conditions, including cancer and reduced birth weight.
“People on the front-lines of PFAS contamination have suffered for far too long,” EPA Administrator Michael Regan said in a statement. “That’s why EPA is taking aggressive action as part of a whole-of-government approach to prevent these chemicals from entering the environment and to help protect concerned families from this pervasive challenge.”
PFAS is short for per- and polyfluoroalkyl substances, which are used in nonstick frying pans, water-repellent sports gear, stain-resistant rugs, cosmetics and countless other consumer products. The chemical bonds are so strong that they don’t degrade or do so only slowly in the environment and remain in a person’s bloodstream indefinitely.
The revised health guidelines are based on new science and consider lifetime exposure to the chemicals, the EPA said. Officials are no longer confident that PFAS levels allowed under the 2016 guidelines “do not have adverse health impacts,” an EPA spokesman said.
While the new guidelines set acceptable risk below levels that can currently be measured, as a practical matter EPA recommends that utilities take action against the chemicals when they reach levels that can be measured — currently about four parts per trillion, a senior administration official told reporters Tuesday night.
The EPA said it expects to propose national drinking water regulations for PFOA and PFOS later this year, with a final rule expected in 2023.
In a related development, the EPA said that for the first time it is issuing final health advisories for two chemicals that are considered replacements for PFOA and PFOS. One group is known as GenX chemicals, while the other is known as PFBS. Health advisories for GenX chemicals were set at 10 parts per trillion, while PFBS was set at 2,000 parts per trillion.
The agency said the new advisories provide technical information that federal, state and local agencies can use to inform actions to address PFAS in drinking water, including water quality monitoring, use of filters and other technologies that reduce PFAS and strategies to reduce exposure to the substances.
Environmental and public health groups hailed the action as a good first step. Advocates have long urged action on PFAS after thousands of communities detected PFAS chemicals in their water. PFAS chemicals have been confirmed at nearly 400 military installations, according to the Environmental Working Group, a research and advocacy organization.
“EPA had the courage to follow the science. This is a step in the right direction,” said Stel Bailey, co-facilitator of National PFAS Contamination Coalition.
“The science is clear: These chemicals are shockingly toxic at extremely low doses,” added Erik Olson, senior strategic director for health and food at the Natural Resources Defense Council. He called on the EPA to regulate all PFAS chemicals “with enforceable standards as a single class of chemicals.”
Melanie Benesh, legislative attorney for the Environmental Working Group, said the EPA’s announcement “should set off alarm bells for consumers and regulators” alike. She urged the EPA to “move much faster to dramatically reduce exposures to these toxic chemicals.”
The EWG estimates that more than 200 million Americans are drinking water contaminated with PFAS.
The American Chemistry Council, which represents major chemical companies, could not immediately be reached for comment Wednesday. The group has said it supports “strong, science-based regulation of chemicals, including PFAS substances.″ In a statement last year, the group said that “all PFAS are not the same, and they should not all be regulated the same way. We hope and expect any federal actions will be consistent with sound science.”
Legislation passed by the House would set a national drinking water standard for PFAS and direct the EPA to develop discharge limits for a range of industries suspected of releasing PFAS into the water. The bill has stalled in the Senate. | https://cw33.com/business/ap-business/epa-forever-chemicals-pose-risk-even-at-very-low-levels/ | 2022-06-15T15:52:47Z |
Justices limit federal court review of some deportations
WASHINGTON (AP) — A sharply divided Supreme Court on Monday ruled that federal courts are powerless to review immigration officials’ decisions in some deportation cases, even when they have made what a dissenting justice called “egregious factual mistakes.”
The court ruled 5-4 against Georgia resident Pankajkumar Patel, who checked a box indicating he was a U.S. citizen when renewing his Georgia driver’s license in 2008.
An immigration judge, who is a Justice Department employee, concluded Patel intended to misrepresent his status for the purpose of getting his license, even though Georgia law entitled a noncitizen in Patel’s situation to a license to drive.
Patel and his wife, Jyotsnaben, concede they entered the U.S. illegally roughly 30 years ago since leaving their native India. In 2007, Patel applied for a “green card,” legal permanent residency status, with the support of his employer. The Patels have three children. One is a U.S. citizen and the other two are green-card holders who are married to Americans.
But Patel’s quest for legal status foundered on the license application, and the immigration judge’s decision that Patel had intentionally misrepresented his citizenship status. The judge ordered Patel and his wife deported.
Justice Amy Coney Barrett wrote for five conservative justices that federal courts can’t review such decisions under immigration law. The U.S. attorney general can grant protection from deportation, but people must first be eligible and the result of the immigration judge’s decision was that Patel was ineligible.
“Federal courts have a very limited role to play in this process,” Barrett wrote concluding that immigration law “precludes judicial review of factual findings that underlie a denial of relief.”
Justice Neil Gorsuch joined with the court’s three liberal justices in dissent. “As a result, no court may correct even the agency’s most egregious factual mistakes about an individual’s statutory eligibility for relief,” Gorsuch wrote, noting the agency itself sided with Patel at the Supreme Court.
While the high-court case dealt with deportation, Gorsuch wrote that the decision could foreclose court review when immigration officials make errors of fact in other contexts, “the student hoping to remain in the country, the foreigner who marries a U. S. citizen, the skilled worker sponsored by her employer.”
Pointing to government statistics, Gorsuch wrote that the U.S. Citizenship and Immigration Services rejected 13,000 green-card applications in the last three months of 2021 and has a backlog of nearly 790,000 pending cases.
Copyright 2022 The Associated Press. All rights reserved. | https://www.mysuncoast.com/2022/05/16/justices-limit-federal-court-review-some-deportations/ | 2022-05-16T18:17:30Z |
Boston-based fintech partners with First National Bank of Omaha (FNBO) to develop SaaS solution to manage key aspects of cash flow control lifecycle: forecasting, managing receivables and payables, and obtaining credit
BOSTON, April 11, 2022 /PRNewswire/ -- Today Centime, a Boston-based fintech, launched Cash Flow Control: a first-of-a-kind solution purpose built to help small and mid-sized businesses control and manage cash flow.
Effective immediately, Centime Cash Flow Control is available to all U.S.-based businesses using the financial General Ledger applications of Intuit QuickBooks and Oracle NetSuite.
The solution consists of several interconnected modules that work together to support the cash control lifecycle of a business
- Automated rolling 13-week cash flow forecasting uses artificial intelligence (AI) and machine learning to predict cash inflows and outflows
- Accounts receivable management provides increased visibility into payment delays, facilitates on-time payments through automated reminder campaigns, and drives online payments through an integrated merchant account
- Accounts payable management helps determine who, when and how to pay with the goal of maximizing working capital
- Integrated credit solutions facilitate the bridging of cash flow gaps and short-term working capital needed to support growth
- KPI monitoring provides the metrics and insights required to ensure robust cash flow performance
Centime Cash Flow Control gives business leaders a clear picture of how each element of cash flow control affects the other in a real-time, rolling basis and taps into AI and machine learning to blend businesses' historical data with industry trends to deliver visibility, predictions, management and control.
"Businesses have opportunities to grow in good times and bad," Centime founder and CEO BC Krishna said. "And in both good times and bad, cash makes or breaks businesses. For most businesses, cash flow management is poorly understood, overly complicated and inconsistently managed. Centime Cash Flow Control is a simple, easy to use solution that allows businesses to manage one of their most critical resources."
Covid exposed the risks posed to businesses by poor cash management — or simply an uncertain environment. As businesses across America continue to struggle with labor shortages, supply chain disruptions, inflation and uncertainty in the world, they must take ownership of their cash. While the government's Paycheck Protection Program (PPP) helped businesses bridge gaps at the height of the pandemic, and banks stepped in to further accommodate their clients' unforeseen stressors, moving forward requires that business leaders gain control over all aspects of their cash.
Centime was founded just before the global Covid pandemic struck in 2020, creating unexpected disruptions while also opening doors to creative solutions. In the intervening two years, an extended team of 150 engineers, designers, product managers, finance professionals, payments experts and bankers from Centime and its strategic partner FNBO have worked closely to develop this unique, simple, yet comprehensive cash flow control solution.
A beta testing initiative, Centime's Early Access Program (EAP), provided valuable client feedback that has and continues to influence the features and functionality of Cash Flow Control — ensuring it truly provides transformative, actionable insights for businesses.
"That's the hope for a person like me, an average, small to mid-sized business owner and executive officer," said Todd Murphy, CEO at Universal Information Services and a Centime EAP client. "Getting to a point in time when projecting my cash flow is simple, accurate, and meaningful to help me get a pulse on my businesses has been a revelation," he said.
Carrie Zoucha, FNBO's VP, commercial payments, who knows Murphy's business as a member of the team that serves his banking needs, spoke to Centime's product development collaboration with the bank. "From the very beginning, our partnership with Centime has been a relationship built on mutual trust, collaboration and innovation. At FNBO, we take pride in being customer-led and providing guidance to help businesses grow. Our partnership with Centime has allowed us to take a common problem that so many businesses face, and help build a solution to help them thrive. It's been exciting to see Centime come to life, and particularly invigorating to hear about its impact from our customers."
About Centime
Centime, Inc. is a Boston-based fintech led by a veteran team of banking, payments, design and fintech professionals. We are bound by a shared desire to help small to mid-sized businesses thrive through strategic cash flow management. For media queries, email media@centime.com For detailed product information, email sales@centime.com. Learn more at Centime.com, and connect with us on Twitter, Facebook and LinkedIn.
About FNBO
First National Bank of Omaha is a subsidiary of First National of Nebraska. First National of Nebraska and its affiliates have more than $26 billion in assets and nearly 5,000 employee associates. Primary banking offices are located in Nebraska, Colorado, Illinois, Iowa, Kansas, South Dakota, Texas and Wyoming. Learn more at fnbo.com and connect with us on Facebook, Twitter and Instagram.
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SOURCE Centime, Inc. | https://www.kxii.com/prnewswire/2022/04/11/centime-launches-comprehensive-cash-flow-control-solution-small-mid-sized-businesses/ | 2022-04-11T14:44:34Z |
NEW YORK (AP) — New York Congressman Tom Reed is resigning, leaving office more than seven months before the end of his term.
Reed said last year that he would not seek reelection after he was accused of sexual misconductbut he announced in a speech on the floor of the U.S. House that he was resigning Tuesday.
He did not give a reason for his resignation but said there is more to do to put “people before politics.”
“I am leaving to continue that work and hope to have a greater impact on our country,” Reed said.
His office did not immediately respond to messages seeking more details.
The Republican from western New York was accused of rubbing a female lobbyist’s back and unhooking her bra, without her consent, at a networking event in a Minneapolis pub in 2017.
Reed apologized days after the allegations were reported in March 2021 and said the incident occurred at a time in which he said he was “struggling” and entered treatment after realizing he was “powerless over alcohol.”
Reed, who was first elected to Congress in 2010, had said earlier in 2021 that he was considering a run for New York governor should Andrew Cuomo run again. Cuomo, a Democrat, resigned from the governor’s office in August amid sexual harassment allegations, which he denied.
Reed, when issuing his apology last year, said he would not run for any office in 2022.
New York Gov. Kathy Hochul’s office did not immediately respond to questions about when she would call a special election to fill Reed’s seat before November’s elections.
Reed is a former mayor of Corning, New York and was a co-chair of the House of Representatives’ bipartisan Problem Solvers Caucus.
He voted against impeaching former President Donald Trump in January 2021 but voted in favor of certifying the 2020 election of Democrat Joe Biden.
Reed was the second New York Republican who is not planning to run again this year. Upstate New York Rep. John Katko, who was among 10 House GOP lawmakers who voted to impeach Trump, announced earlier this year he would not seek reelection. | https://cw33.com/news/politics/ap-politics/gop-rep-tom-reed-who-faced-misconduct-claim-resigns/ | 2022-05-11T15:38:00Z |
Judge temporarily blocks Kentucky’s near-total abortion ban
LOUISVILLE, Ky. (AP) — A judge cleared the way Thursday for abortions to resume in Kentucky, temporarily blocking the state’s near-total ban on the procedure that was triggered by the Supreme Court ruling overturning Roe v. Wade.
Abortion-rights groups fought for the ruling that pauses the 2019 Kentucky law for now. Under the so-called trigger provisions, abortions ended abruptly June 24 once the nation’s highest court ruled to end federal constitutional protections for abortions.
Since that momentous decision, nearly 200 women with scheduled appointments have been turned away from EMW Women’s Surgical Center, one of the two Louisville abortion clinics, according to Heather Gatnarek, an attorney for the American Civil Liberties Union of Kentucky.
“We’re glad the court recognized the devastation happening in Kentucky and decided to block the commonwealth’s cruel abortion bans,” leaders from Planned Parenthood and the ACLU said in a joint statement Thursday. “Since the Supreme Court overturned Roe last Friday, numerous Kentuckians have been forced to carry pregnancies against their will or flee their home state in search of essential care. Despite this victory, we know this fight is far from over.”
Kentucky Attorney General Daniel Cameron’s office didn’t immediately respond to an email seeking comment on the ruling. Cameron, a Republican, has defended the state’s abortion laws.
The Kentucky case reflects the battles being waged in courthouses around the country over whether pregnancies may be lawfully ended.
Attorneys for the Kentucky clinics argued the state’s constitution protects the right to an abortion. Cameron’s legal team says no such constitutional right exists.
Jefferson County Circuit Judge Mitch Perry heard arguments from both sides in a Louisville courtroom on Wednesday before issuing his order.
In Kentucky, a lawsuit filed this week on behalf of the abortion clinics claims women were being “forced to remain pregnant against their will” in violation of the state’s constitution. The suit asked the judge to temporarily block the “trigger law” along with another Kentucky law that attempted to prevent abortions at six weeks of pregnancy.
The judge on Thursday also agreed to temporarily block the six-week ban. That measure was previously halted by a federal court.
The trigger measure contains a narrow exception allowing a physician to perform a procedure necessary to prevent the death or permanent injury of a pregnant woman. It does not permit abortions in cases of rape or incest.
The request to continue abortion services in Kentucky — through intervention by state courts — could turn into a stopgap effort. Kentuckians will vote in November on a ballot initiative that, if ratified, would establish that no state constitutional right to abortion exists. Both sides of the abortion debate are busy organizing ahead of the election.
In Kentucky, a lawsuit filed this week on behalf of the abortion clinics claims women were being “forced to remain pregnant against their will” in violation of the state’s constitution. The suit asked the judge to temporarily block the “trigger law” along with another Kentucky law that attempted to prevent abortions after six weeks of pregnancy. The six-week ban was previously blocked by a federal court. But the lawsuit said it’s anticipated that the injunction preventing its enforcement will be dissolved in light of the Supreme Court decision.
The trigger measure contains a narrow exception allowing a physician to perform a procedure necessary to prevent the death or permanent injury of a pregnant woman. It does not permit abortions in cases of rape or incest.
The request to continue abortion services in Kentucky -- through intervention by state courts -- could turn into a stopgap effort. In November, Kentuckians will vote on a ballot initiative that, if ratified, would establish that no state constitutional right to abortion exists. Both sides of the abortion debate are busy organizing ahead of the election.
Copyright 2022 The Associated Press. All rights reserved. | https://www.mysuncoast.com/2022/06/30/judge-temporarily-blocks-kentuckys-near-total-abortion-ban/ | 2022-06-30T15:07:00Z |
NEW YORK, Aug. 2, 2022 /PRNewswire/ -- The Klein Law Firm announces that a class action complaint has been filed on behalf of shareholders of Waste Management, Inc. (NYSE: WM) alleging that the Company violated federal securities laws.
This lawsuit is on behalf of all purchasers of certain Waste Management redeemable senior notes between February 13, 2020 and June 23, 2020.
Lead Plaintiff Deadline: August 8, 2022
No obligation or cost to you.
Learn more about your recoverable losses in WM:
https://www.kleinstocklaw.com/pslra-1/waste-management-inc-loss-submission-form?id=30430&from=4
CLASS ACTION CASE DETAILS: The filed complaint alleges that Waste Management, Inc. made materially false and/or misleading statements and/or failed to disclose that: (i) the U.S. Department of Justice had indicated to Waste Management that it would require Waste Management to divest significantly more assets than the $200 million indicated in the merger agreement between the Company and Advanced Disposal Services; (ii) as a result, the merger would not be completed by July 14, 2020, the end date under the merger agreement; and (iii) the Waste Management redeemable senior notes would be subject to mandatory redemption at 101% of par.
WHAT THIS MEANS TO YOU AS A SHAREHOLDER: If you have suffered a loss in Waste Management you have until August 8, 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 Waste Management 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 WM lawsuit, please contact J. Klein, Esq. by telephone at 212-616-4899 or click this link: https://www.kleinstocklaw.com/pslra-1/waste-management-inc-loss-submission-form?id=30430&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:
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SOURCE The Klein Law Firm | https://www.wibw.com/prnewswire/2022/08/02/wm-alert-klein-law-firm-announces-lead-plaintiff-deadline-august-8-2022-class-action-filed-behalf-waste-management-inc-shareholders/ | 2022-08-02T10:52:03Z |
14 Charged With Illegally Trafficking Hundreds Of Firearms Into Philadelphia From Southern States
By Joe Holden
Click here for updates on this story
PHILADELPHIA, Pennsylvania (KYW) — On Monday, federal officials unveiled two indictments charging 14 people with illegally trafficking hundreds of firearms into Philadelphia. The two indictments are a blunt look at the gun problem in Philadelphia.
This is a sampling of the firepower 14 defendants flooded into Philadelphia, a so-called black market pipeline from Georgia and South Carolina to the Delaware Valley.
The guns were driven back to Philadelphia and federal prosecutors say, in many instances, the straw-purchased firearms destroyed lives.
“Both cases involve individuals illegally trafficking firearms from states in the South up into northeastern cities — in this case Philadelphia — which are then recovered at crimes scenes, a phenomenon known as the iron pipeline,” Assitant U.S. Attorney Jennifer Arbittier Williams said.
Federal agents traced more than 400 handguns and rifles, recovering many of them.
The alleged scheme started with Frederick Norman, a man living in Atlanta.
He went on a gun purchasing spree between June and November of 2020, according to one of the indictments bearing his name. Norman and more than a dozen conspirators moved the firearms to Philadelphia, with cash changing hands.
“The weapons purchased in these cases were utilized in non-fatal shootings and linked through our system to other criminal events that occurred here in the city,” said Matt Varisco with the ATF.
A second indictment alleges a man named Muhammad Ware conducted a similar straw purchase operation in South Carolina and again funneled the weapons to associates in Philadelphia.
The elements of the accused crimes contained in the indictments drew this warning from the U.S. Attorney for Pennsylvania’s Eastern District.
The indictments show an excess of $100,000 was the cash value exchanged for receipt of the firearms. Agents are still searching for three defendants. So far, 11 of them have been either processed or incarcerated.
Please note: This content carries a strict local market embargo. If you share the same market as the contributor of this article, you may not use it on any platform. | https://localnews8.com/news/2022/04/11/14-charged-with-illegally-trafficking-hundreds-of-firearms-into-philadelphia-from-southern-states/ | 2022-04-12T01:15:32Z |
SOUTH SAN FRANCISCO, Calif., June 16, 2022 /PRNewswire/ -- Great Place to Work and Fortune magazine have honored AKASA as one of this year's Best Workplaces in the Bay Area. This is AKASA's first time being named to this prestigious list, coming in at #66. Earning a spot means that AKASA is one of the best companies to work for headquartered in the Bay Area.
This year's Best Workplaces in the Bay Area award is based on employee feedback collected through America's largest ongoing annual workforce study of over 1 million employee survey responses and data from companies representing more than 6.1 million U.S. employees. In that survey, 94% of AKASA's employees said AKASA is a great place to work. This number is 37% higher than the average U.S. company.
"We're thrilled to be recognized with this distinction," said Malinka Walaliyadde, CEO and co-founder of AKASA. "At AKASA, we strive to be a customer-first organization and our employees make that happen. We're recruiting the best and brightest across healthcare and technology industries, and we're so thankful for their commitment to enable human health. Our culture attracts individuals who want to make a positive impact on society by helping health systems improve the healthcare experience for all."
The Best Workplaces in the Bay Area list is highly competitive. Great Place to Work, the global authority on workplace culture, selected the list using rigorous analytics and confidential employee feedback. Companies were only considered if they are a Great Place to Work-Certified™ organization and headquartered in the Bay Area.
Great Place to Work is the only company culture award in America that selects winners based on how fairly employees are treated. Companies are assessed on how well they are creating a great employee experience that cuts across race, gender, age, disability status, or any aspect of who employees are or what their role is.
"As employee demands and expectations have dramatically changed over the past year, these companies have risen to the occasion—and it's not been easy," says Kim Peters, executive vice president of global recognition, research & strategic partnerships at Great Place to Work. "Their hard work and dedication to listen to and care for the well-being of every employee, and support them in a way that's meaningful to all, is the standard all organizations will be held to."
AKASA is the leading developer of AI for healthcare operations. AKASA scales human intelligence with leading-edge AI and ML securely trained on customer data to learn unique systems, continuously adapt to changing environments, and deliver comprehensive automation and analytics for complex workflows. The result is a seamlessly integrated, customized solution that reduces operating costs, frees up staff to do the work they love, and helps health systems allocate resources to where they matter most.
AKASA is a remote-first company and we are hiring. Step into the future of healthcare with AKASA. Learn more at www.AKASA.com/careers.
Great Place to Work selected the Best Workplaces in the Bay Area by gathering and analyzing confidential survey responses from its study of thousands of companies representing more than 6.1 million U.S. employees at Great Place to Work-Certified™ organizations. Companies must be headquartered in the Bay Area to be eligible. Company rankings are derived from 60 employee experience questions within the Great Place to Work Trust Index™ survey. Read the full methodology.
To get on this list next year, start here.
Great Place to Work is the global authority on workplace culture. Since 1992, it has surveyed more than 100 million employees worldwide and used those deep insights to define what makes a great workplace: trust. Its employee survey platform empowers leaders with the feedback, real-time reporting and insights they need to make data-driven people decisions. Everything it does is driven by the mission to build a better world by helping every organization become a great place to work For All™.
Learn more at greatplacetowork.com and on LinkedIn, Twitter, Facebook and Instagram.
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SOURCE AKASA | https://www.mysuncoast.com/prnewswire/2022/06/16/akasa-is-named-one-best-workplaces-bay-area-2022-by-great-place-work-fortune-magazine-ranking-66/ | 2022-06-16T15:44:03Z |
COLUMBUS, Ohio, May 27, 2022 /PRNewswire/ -- Big Lots, Inc. (NYSE: BIG) today announced that on May 24, 2022 the Board of Directors declared a quarterly cash dividend of $0.30 per common share for the second quarter of fiscal 2022.
The dividend will be paid on June 24, 2022, to shareholders of record as of the close of business on June 10, 2022.
About Big Lots, Inc.
Headquartered in Columbus, Ohio, Big Lots, Inc. (NYSE: BIG) is a leading home discount retailer and a Fortune 500 company, operating 1,438 stores in 47 states, as well as a best-in-class ecommerce platform with expanded capabilities via BOPIS, curbside pickup, Instacart and same day delivery across thousands of items. The company's product assortment is focused on home essentials: Furniture, Seasonal, Soft Home, Food, Consumables and Hard Home. Ranked one of the fastest-growing eCommerce businesses by Digital Commerce 360 and the recipient of Home Textiles Today's 2021 Retail Titan Award, Big Lots' mission is to help people Live BIG and Save Lots. The company strives to be the BIG difference for a better life by delivering exceptional value to customers through the ultimate treasure hunt shopping experience, building a "best places to grow" culture, rewarding shareholders with consistent growth and top-tier returns and doing good in local communities. For more information about the company, visit biglots.com.
Cautionary Statement Concerning Forward-Looking Statements
Certain statements in this release are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, and such statements are intended to qualify for the protection of the safe harbor provided by the Act. The words "anticipate," "estimate," "approximate," "expect," "objective," "goal," "project," "intend," "plan," "believe," "will," "should," "may," "target," "forecast," "guidance," "outlook" and similar expressions generally identify forward-looking statements. Similarly, descriptions of objectives, strategies, plans, goals or targets are also forward-looking statements. Forward-looking statements relate to the expectations of management as to future occurrences and trends, including statements expressing optimism or pessimism about future operating results or events and projected sales, earnings, capital expenditures and business strategy. Forward-looking statements are based upon a number of assumptions concerning future conditions that may ultimately prove to be inaccurate. Forward-looking statements are and will be based upon management's then-current views and assumptions regarding future events and operating performance and are applicable only as of the dates of such statements. Although the company believes the expectations expressed in forward-looking statements are based on reasonable assumptions within the bounds of knowledge, forward-looking statements, by their nature, involve risks, uncertainties and other factors, any one or a combination of which could materially affect business, financial condition, results of operations or liquidity.
Forward-looking statements that the company makes herein and in other reports and releases are not guarantees of future performance and actual results may differ materially from those discussed in such forward-looking statements as a result of various factors, including, but not limited to, developments related to the COVID-19 coronavirus pandemic, current economic and credit conditions, the cost of goods, the inability to successfully execute strategic initiatives, competitive pressures, economic pressures on customers and the company, the availability of brand name closeout merchandise, trade restrictions, freight costs, the risks discussed in the Risk Factors section of the company's most recent Annual Report on Form 10-K, and other factors discussed from time to time in other filings with the SEC, including Quarterly Reports on Form 10-Q and Current Reports on Form 8-K. This release should be read in conjunction with such filings, and you should consider all of these risks, uncertainties and other factors carefully in evaluating forward-looking statements.
You are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date thereof. The company undertakes no obligation to publicly update forward-looking statements, whether as a result of new information, future events or otherwise. You are advised, however, to consult any further disclosures the company makes on related subjects in public announcements and SEC filings.
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SOURCE Big Lots, Inc. | https://www.kxii.com/prnewswire/2022/05/27/big-lots-announces-quarterly-dividend-common-shares/ | 2022-05-27T11:11:28Z |
A California family says they're thrilled after their deaf dog was rescued by emergency responders after falling 100 feet down a ravine.
"It was a miracle," Julia Plant told CNN affiliate KGTV, after Hobo, an 8-year-old Australian shepherd, was rescued.
Plant was walking Hobo near their Sorrento Valley home when he darted after something in the ravine, lost his footing and tumbled into the brush far below, Plant told KGTV.
Members of the San Diego Humane Society's Emergency Response Team rushed to the scene, where they realized they would need to rappel down the ravine to reach the dog, according to their Facebook post.
It took five people a total of four hours to rescue Hobo, says the San Diego Humane Society.
Lt. Clint Ganus of the rescue team told CNN that the rescue was especially complicated because Hobo landed in some "really thick brush" that was difficult even for humans to navigate. And Hobo had arthritis and other mobility issues that made it difficult for him to move.
"When my rescuers got on scene, we built the systems to go down and rescue the dog," Ganus explained, eventually cutting away trees and branches to free Hobo from the foliage. Finally, they put him in a safety harness and pulled him up to the top, where his family was waiting.
Hobo was "all wiggles," when he was finally free, Ganus said. "All my team members had big smiles on their faces. Seeing that reminds me, you know, why I come back and do what I do every single day."
Hobo's family says they're very grateful. "Thank God for the Humane Society," Plant told KGTV and added that hopefully, Hobo won't go near the ravine again. "I'm going to keep him on this very short lead."
With the Labor Day weekend at hand the countdown to fall starts in southwest Georgia. The weather is still great to find something to do outside of the hosue. Click for more.
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accounts, the history behind an article. | https://www.albanyherald.com/news/deaf-dog-rescued-after-falling-down-california-ravine-family-calls-it-a-miracle/article_94081894-80d7-55af-b15d-6779e7a9c991.html | 2022-09-01T23:55:02Z |
NEW YORK, Sept. 2, 2022 /PRNewswire/ -- Jakubowitz Law announces that a securities fraud class action lawsuit has commenced on behalf of shareholders of Humanigen, Inc. (NASDAQ: HGEN).
To receive updates on the lawsuit, fill out the form:
https://claimyourloss.com/securities/humanigen-inc-loss-submission-form/?id=31307&from=4
The lawsuit seeks to recover losses for shareholders who purchased Humanigen between May 28, 2021 and July 12, 2022.
Shareholders interested in acting as a lead plaintiff representing the class of wronged shareholders have until October 25, 2022 to petition the court. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.
According to a filed complaint, Humanigen, Inc. issued materially false and/or misleading statements and/or failed to disclose that: (i) Humanigen's lead product candidate, lenzilumab, was less effective in treating hospitalized COVID-19 patients than defendants had represented; (ii) as a result, the U.S. Food and Drug Administration was unlikely to approve the lenzilumab Emergency Use Authorization and the ACTIV-5/BET-B study was unlikely to meet its primary endpoint; (iii) accordingly, lenzilumab's clinical and commercial prospects were overstated; and (iv) as a result, the Company's public statements were materially false and misleading at all relevant times.
Jakubowitz Law is vigorous in pursuit of justice for shareholders who have been the victim of securities fraud. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT:
JAKUBOWITZ LAW
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9th Floor
New York, New York 10036
T: (212) 867-4490
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SOURCE Jakubowitz Law | https://www.mysuncoast.com/prnewswire/2022/09/02/hgen-shareholder-alert-jakubowitz-law-reminds-humanigen-shareholders-lead-plaintiff-deadline-october-25-2022/ | 2022-09-02T11:01:23Z |
Thief smashes bride and groom’s car windows, steals valuables during wedding ceremony
JEFFERSON COUNTY, Mo. (KMOV/Gray News) – While a bride and groom in Missouri were exchanging their wedding vows, a thief was breaking into their car and stealing important personal documents, according to officials.
The Jefferson County Sheriff’s Office is investigating the break-in that happened Saturday at the Sandy Creek Covered Bridge Historic Site.
The couple said they fell in love with the park for their wedding venue, and the ceremony went “perfectly” until they walked out to the parking lot and found two broken windows on the passenger side of their car.
“I’m trying not to be too frustrated, because I don’t want them to have had that power to ruin our day,” said bride Dianna Sikes.
Sikes said she wasn’t sure what documentation she would need for the marriage license, so she brought her birth certificate, social security card, and even her late husband’s death affidavit. The thief took those documents, as well as her purse that had her checkbook, medications and glasses. The suspect also stole the matron-of-honor’s purse, which had a checkbook and a handgun.
Now, the couple is scrambling to close bank accounts and replace documents before the thief can steal Sikes’ identity and drain their accounts.
The couple said the car had tinted windows and the items in the car were hidden from view. They believe the suspect saw the bride and matron-of-honor get out of the car without carrying their purses and saw an opportunity. The sheriff’s department has assigned a detective to the case.
The park has a surveillance camera, but the couple said they were told it was struck by lightning and disabled in a recent storm.
Recently, the bride changed her car insurance from full coverage to liability coverage, so insurance won’t cover the $530 cost to replace the windows. A GoFundMe account has been set up to help the couple recover from their losses from the car break-in.
The sheriff’s department recommends people leave any valuables in the trunk of the car.
Copyright 2022 KMOV via Gray Media Group, Inc. All rights reserved. | https://www.mysuncoast.com/2022/06/02/thief-smashes-bride-grooms-car-windows-steals-valuables-during-wedding-ceremony/ | 2022-06-02T15:50:18Z |
Alabama execution set despite opposition from victim’s family
MONTGOMERY, Ala. (AP) — Alabama is set to execute a man Thursday evening who was convicted of killing his ex-girlfriend nearly three decades ago, despite a request from the victim’s family to spare his life.
Joe Nathan James Jr. is scheduled to receive a lethal injection at 6 p.m. CDT at a south Alabama prison. James was convicted and sentenced to death in the 1994 shooting death of Faith Hall, 26, in Birmingham. Hall’s daughters have said they would rather James serve life in prison. But Alabama Gov. Kay Ivey said Wednesday she planned to let the execution proceed.
Prosecutors said James briefly dated Hall and that he became obsessed after she rejected him, stalking and harassing her for months before killing her. On Aug. 15, 1994, after Hall had been out shopping with a friend, James forced his way inside the friend’s apartment, pulled a gun from his waistband and shot Hall three times, according to court documents.
A Jefferson County jury first convicted James of capital murder in 1996 and voted to recommend the death penalty, which a judge imposed. The conviction was overturned when a state appeals court ruled a judge had wrongly admitted some police reports into evidence. James was retried and again sentenced to death in 1999, when jurors rejected defense claims that he was under emotional duress at the time of the shooting.
Hall’s two daughters, who were 3 and 6 when their mother was killed, had said recently they would rather James serve life in prison.
“I just feel like we can’t play God. We can’t take a life. And it’s not going to bring my mom back,” one of the daughters, Terryln Hall, told The Associated Press in a recent telephone interview.
“We thought about it and prayed about it, and we found it in ourselves to forgive him for what he did. We really wish there was something that we could do to stop it,” Hall had said, adding the road to forgiveness was long.
“I did hate him. I did. And I know hate is such a strong feeling word, but I really did have hate in my heart. As I got older and realized, you can’t walk around with hate in your heart. You still got to live. And once I had kids of my own, you know, I can’t pass it down to my kids and have them walk around with hate in their hearts,” she said.
Alabama Attorney General Steve Marshall had urged Ivey to let the execution go forward, writing that “it is our obligation to ensure that justice is done for the people of Alabama.”
“The jury in James’s case unanimously decided that his brutal murder of Faith Hall warranted a sentence of death,” Marshall said.
In response to a reporter’s question, Ivey said Wednesday she would not intervene.
“My staff and I have researched all the records and all the facts and there’s no reason to change the procedure or modify the outcome. The execution will go forward,” she said.
James argued that Ivey’s refusal violates religious freedom laws because the Koran and the Bible “place the concept of forgiveness paramount in this situation.”
James has acted as his own attorney in his bid to stop his execution, mailing handwritten lawsuits and appeal notices to the courts from death row. A lawyer on Wednesday filed the latest appeal with the U.S. Supreme Court on his behalf.
James asked justices for a stay, noting the opposition of Hall’s family and arguing that Alabama did not give inmates adequate notice of their right to select an alternate execution method.
He argued that Alabama officials, after lawmakers approved nitrogen hypoxia as a new execution method, gave inmates only a brief window of time to select the new method and inmates did not know what was at stake when they were handed a selection form without any explanation. Alabama is not scheduling executions for inmates who selected nitrogen. The state has not developed a system for using nitrogen to carry out death sentences.
Copyright 2022 The Associated Press. All rights reserved. | https://www.kxii.com/2022/07/28/alabama-execution-set-despite-opposition-victims-family/ | 2022-07-28T18:54:24Z |
Former US women's soccer goalkeeper Hope Solo has been arrested in North Carolina on charges of misdemeanor child abuse, resisting arrest and impaired driving, police said.
The Winston-Salem Police Department said in a statement that officers arrested Hope Amelia Stevens, or Hope Solo, on Thursday in the parking lot of a business in the city while she was inside the vehicle with her two children.
Following her arrest, Solo was processed and subsequently released from the Forsyth County Law Enforcement Detention Center, according to police.
Due to the impending prosecution, no other information regarding the arrest will be released at this time, police said in a statement.
Rich Nichols, an attorney for Solo, said in a statement emailed to CNN: "On the advice of counsel, Hope can't speak about this situation, but she wants everyone to know that her kids are her life, that she was released immediately and is now at home with her family, that the story is more sympathetic than the initial charges suggest, and that she looks forward to her opportunity to defend these charges."
This is not the first time Solo has been in trouble with the law.
Solo, 40, was arrested in 2014 on domestic assault charges after police said she assaulted two relatives at a home near Seattle. The charges against Solo, who entered a not-guilty plea, were officially dropped in 2018.
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SANTA ANA, Calif., Sept. 1, 2022 /PRNewswire/ -- ASIS International announced that the late Aaron Salter, Jr., an Allied Universal security professional and retired police officer who made the ultimate sacrifice while protecting shoppers at the Tops Friendly Market during a mass shooting, is the recipient of the 2022 Ralph Day Memorial Security Officer Heroism Award. The award will be accepted by his son, Aaron Salter III, on September 13th at the 2022 Global Security Exchange Conference.
Each year, one security officer is recognized by ASIS International, the world's largest membership organization for security management professionals and host of the GSX Conference, for outstanding service/acts in the security profession through the Ralph Day Memorial Security Officer Heroism Award. This award is meant for those that perform a heroic act that involves circumstances where a private security officer risks his or her life to save their life to protect or save lives and/or property. The award nominee must be an employee of a contract security company employed as a security officer. This is the first time this award has been bestowed posthumously.
"We admire Aaron Salter, not just for his heroic actions in May, but for the heroic life he lived protecting and serving the community for over 30 years," said Steve Jones, Global Chairman and CEO, Allied Universal. "I have been inspired and proud to see the outpouring of support for Mr. Salter's family from the Allied Universal team, the Buffalo Community and others."
On May 14th, 2022, a mass shooting occurred at the Buffalo Tops Friendly store. Ten people, including Mr. Salter, were killed and three people were injured. When a gunman wearing tactical gear and armed with an assault rifle entered the grocery store, Mr. Salter confronted the attacker, firing multiple shots, one of which struck the 18-year-old attacker's body armor. Tragically, Mr. Salter was killed by return fire. Mr. Salter is hailed as a hero by police officials, shoppers and colleagues for confronting the assailant and slowing the assault which gave time for others to move to safety.
Mr. Salter retired as a lieutenant from the Buffalo Police Traffic Division in 2018 after 30 years on the job and had worked for Allied Universal at the Tops Friendly Market post for seven years. Mr. Salter was a musician who played bass guitar, loved cars and was a scientist who invented a car engine that could run on water via hydrogen electrolysis.
Aaron Salter III established a GoFundMe page in honor of his father to help his family with this unforeseen tragedy.
Allied Universal®, a leading security and facility services company, provides proactive security services and cutting-edge smart technology to deliver tailored, integrated security solutions that allow clients to focus on their core business. Through a global workforce of approximately 800,000 people, we leverage best practices in communities all over the world. With revenues at approximately $20 billion, we are supported by efficient processes and systems that can only come with scale to help deliver our promise locally: keeping people safe so our communities can thrive. We believe there is no greater purpose than serving and safeguarding customers, communities, and people in today's world. Allied Universal is There for you®. For more information, please visit www.aus.com.
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SOURCE Allied Universal | https://www.mysuncoast.com/prnewswire/2022/09/01/asis-international-announces-that-former-buffalo-police-officer-aaron-salter-jr-an-allied-universal-security-professional-is-recipient-2022-ralph-day-memorial-security-award/ | 2022-09-01T13:18:08Z |
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