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BEIJING, May 19, 2022 /PRNewswire/ -- On May. 19, iQIYI, an innovative market-leading online entertainment service in China, announced that Wind Blows from Longxi, the second installment of iQIYI's Chinese Historic City Universe (iCHCU), premiered exclusively online on iQIYI on Apr. 27 and released its season finale for subscribers on May 7. Like Luoyang, the first installment of iCHCU, Wind Blows from Longxi achieved worldwide popularity with its high-quality production and offered the audience an opportunity to appreciate traditional Chinese culture.
Set in the Longxi region during China's Three Kingdoms period, Wind Blows from Longxi tells a war story amongst spies, which has attracted China-based and overseas audiences alike. The iQIYI content popularity index of the series reached 7,366 following its release. During its air, the series also topped both iQIYI's drama hit list and the overall hit list from Enlightent, a pan-entertainment big data service provider. In China, the popularity of the series is accompanied by a sharp spike in sales for the original novel the series was based on, as well as many other books about the Three Kingdoms period, such as the classic The Romance of the Three Kingdoms.
Audiences from Hong Kong, Macau, Singapore and regions in the American and European markets have enjoyed the series either online or via local channels. Starting May 12, the series begins to air on the Malaysian streaming platform Astro. Going forward, audiences from South Korea, Japan, Australia, more regions in the Americas, as well as regions in Africa will also have the opportunity to enjoy the series.
Besides achieving critical acclaim, the series also garnered commercial success as it expertly weaves in quality advertisements throughout the episodes. The series provides different advertising opportunities, including in the pre-episode highlights and within the episodes, all of which hugely popular and highly sought after amongst clients.
YANG Bei, vice president of iQIYI and executive producer of Wind Blows from Longxi, said: "This series not only sheds light on the lives of ordinary people, but also offers a visual feast based on the Three Kingdoms era. The series aims to provide an immersive experience and a unique opportunity for the audience to experience the profound cultural heritage of China."
CONTACT: iQIYI Press, press@qiyi.com
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SOURCE iQIYI | https://www.wibw.com/prnewswire/2022/05/19/iqiyis-ip-universe-further-showcases-chinas-cultural-heritage-global-audience-with-worldwide-premiere-wind-blows-longxi/ | 2022-05-19T09:53:55Z |
NEW YORK, July 12, 2022 /PRNewswire/ -- The Klein Law Firm announces that a class action complaint has been filed on behalf of shareholders of Verrica Pharmaceuticals, Inc. (NASDAQ: VRCA) alleging that the Company violated federal securities laws.
Class Period: May 28, 2021 to May 24, 2022
Lead Plaintiff Deadline: August 5, 2022
No obligation or cost to you.
Learn more about your recoverable losses in VRCA:
https://www.kleinstocklaw.com/pslra-1/verrica-pharmaceuticals-inc-loss-submission-form?id=29700&from=4
CLASS ACTION CASE DETAILS: The filed complaint alleges that Verrica Pharmaceuticals, Inc. made materially false and/or misleading statements and/or failed to disclose that: (1) there were manufacturing deficiencies at the facility where Verrica's contract manufacturer produced a bulk solution for the Company's lead product candidate, VP-102; (2) these deficiencies were not remediated when Verrica resubmitted its New Drug Application for VP-12 for molluscum; (3) the foregoing presented significant risks to Verrica obtaining regulatory approval of VP-102 for molluscum; and (4) as a result of the foregoing, defendants' positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis.
WHAT THIS MEANS TO YOU AS A SHAREHOLDER: If you have suffered a loss in Verrica you have until August 5, 2022 to petition the court for lead plaintiff status. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.
NO COST TO YOU: If you purchased Verrica 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 VRCA lawsuit, please contact J. Klein, Esq. by telephone at 212-616-4899 or click this link: https://www.kleinstocklaw.com/pslra-1/verrica-pharmaceuticals-inc-loss-submission-form?id=29700&from=4.
J. Klein, Esq. represents investors and participates in securities litigations involving financial fraud throughout the nation. The Klein Law Firm is a boutique litigation firm with experience in a wide range of areas including securities law, corporate finance and commercial litigation. Since 2011, our experienced attorneys have achieved superior results for our clients with a personalized focus. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT:
J. Klein, Esq.
Empire State Building
350 Fifth Avenue
59th Floor
New York, NY 10118
jk@kleinstocklaw.com
Telephone: (212) 616-4899
www.kleinstocklaw.com
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SOURCE The Klein Law Firm | https://www.kxii.com/prnewswire/2022/07/12/vrca-alert-klein-law-firm-announces-lead-plaintiff-deadline-august-5-2022-class-action-filed-behalf-verrica-pharmaceuticals-inc-shareholders/ | 2022-07-12T11:13:15Z |
Upcoming 'Stomping Grounds' Episode to Feature Winning Content Submission
MIAMI, June 21, 2022 /PRNewswire/ -- Boat Trader, America's largest boating marketplace, today announced the launch of its 'My Stomping Grounds' campaign, inviting boaters to share videos and photos for a chance to be featured in an upcoming episode of its award-winning series, Stomping Grounds. The campaign will run through the rest of the year across Boat Trader's digital channels and is inspired by the diversity of boating stories across America.
"As the interest in the series grows, we are hearing from more people who want to get involved and share stories from their stomping grounds. There are so many untapped stories in the boating community, so we want our audience to share what makes their neck of the woods special for boating," said Ryan McVinney, Director of Content at Boats Group. "Boaters are a passionate group of people. We hope this campaign and the series inspire the next generation of enthusiasts."
The campaign launch comes on the heels of the recent TV debut of Stomping Grounds. It aims to unite new and existing boaters while continuing to engage, entertain and educate through the show's exploration of boating culture. In addition to the opportunity for an episode feature in their neck of the woods, participants will also have the chance to win Stomping Grounds gear and a boat rental charter courtesy of Click&Boat.
Social media users can join the campaign by sharing a photo or video on Instagram, Facebook, Twitter or TikTok using the #MyStompingGrounds hashtag and tagging Boat Trader (@boattrader) while showing the area that they call their stomping grounds.
Watch Stomping Grounds by Boat Trader for free anywhere, anytime, on any device. The series is available on Apple TV, Roku, Amazon Fire TV, Samsung TV, LG TV, YouTube, iOS, Android and waypointtv.com
Boat Trader is the largest online boating marketplace in the United States, creating simple solutions for anyone looking to buy or sell a boat. Founded in 1991, Boat Trader expanded from a weekly classifieds publication found in local markets nationwide to an online marketplace in 1996 and now offers boat dealers and private party sellers comprehensive options for selling their boats online with ease. Boat Trader reaches more than 9 million online boat shoppers and delivers over 170,000 leads each month to its sellers. Boat Trader is based in Miami, FL, and is owned and operated by Boats Group. For more information and to experience the marine industry's leading classifieds marketplace, visit www.boattrader.com or download the Boat Trader app on the iOS App Store and Google Play.
Media Contact:
Rachael Lobeck | Boats Group | press@boats.com
This release contains disclosures that are forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. Forward-looking statements include all statements that do not relate solely to historical or current facts and can be identified by the use of words such as "may," "will," "expect," "project," "estimate," "anticipate," "plan," "believe," "potential," "should," "continue" or the negative versions of those words or other comparable words. These forward-looking statements are based upon Boats Group's current plans or expectations and are subject to a number of uncertainties and risks. These statements are not guarantees of future performance, and Boats Group has no specific intention to update these statements. As a consequence, current plans, and anticipated actions may differ from those expressed in any forward-looking statements made by Boats Group or on Boats Group's behalf.
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SOURCE Boat Trader | https://www.kxii.com/prnewswire/2022/06/21/boat-trader-kicks-off-summer-with-campaign-encouraging-boaters-share-their-stories/ | 2022-06-21T19:58:00Z |
NEW YORK, July 11, 2022 /PRNewswire/ -- Attention Upstart, Inc. ("Upstart") (NASDAQ: UPST) shareholders:
The Law Offices of Vincent Wong announce that a class action lawsuit has commenced on behalf of investors who purchased between March 18, 2021 and May 9, 2022.
If you suffered a loss on your investment in Upstart, contact us about potential recovery by using the link below. There is no cost or obligation to you.
https://www.wongesq.com/pslra-1/upstart-inc-loss-submission-form?prid=29652&wire=4
ABOUT THE ACTION: The class action against Upstart includes allegations that the Company made materially 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 a negative impact on its conversion rate; (3) as a result, the Company was reasonably likely to use its balance sheet to fund loans; and (4) as a result of the foregoing, defendants' positive statements about the Company's business, operations, and prospects were materially false and/or misleading and/or lacked a reasonable basis.
DEADLINE: July 12, 2022
Aggrieved Upstart investors only have until July 12, 2022 to request that the Court appoint you as lead plaintiff. You are not required to act as a lead plaintiff in order to share in any recovery.
Vincent Wong, Esq. is an experienced attorney who has represented investors in securities litigations involving financial fraud and violations of shareholder rights. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT:
Vincent Wong, Esq.
39 East Broadway
Suite 304
New York, NY 10002
Tel. 212.425.1140
E-Mail: vw@wongesq.com
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SOURCE The Law Offices of Vincent Wong | https://www.kxii.com/prnewswire/2022/07/11/class-action-alert-law-offices-vincent-wong-remind-upstart-investors-lead-plaintiff-deadline-july-12-2022/ | 2022-07-11T10:44:28Z |
HANGZHOU, China, Aug. 11, 2022 /PRNewswire/ -- Hailiang Education Group Inc. (Nasdaq: HLG) ("Hailiang Education" or the "Company"), an education and management services provider in China, today announced that it has called an extraordinary general meeting of shareholders (the "EGM"), to be held at 10:00 a.m. (Beijing time) on September 15, 2022, at Hailiang Education Park, No.199, the West 3rd Ring Road, Zhuji City, Shaoxing City, Zhejiang, People's Republic of China, to consider and vote on, among other things, the proposal to approve the re-election of five directors of the Company to hold office until the effective time of the Merger (as defined below) and the proposal to authorize and approve the previously announced agreement and plan of merger (the "Merger Agreement") dated May 7, 2022 by and between the Company, Hailiang Education International Limited, an exempted company with limited liability incorporated under the laws of the Cayman Islands ("Parent"), and HE Merger Sub Limited, an exempted company with limited liability incorporated under the laws of the Cayman Islands and a wholly owned subsidiary of Parent ("Merger Sub"), the plan of merger required to be filed with the Registrar of Companies of the Cayman Islands (the "Plan of Merger") and the transactions contemplated thereby, including the Merger.
Pursuant to the Merger Agreement and the Plan of Merger, at the effective time of the Merger, Merger Sub will merge with and into the Company, with the Company continuing as the surviving company and becoming a wholly-owned subsidiary of Parent (the "Merger"). If completed, the Merger would result in the Company becoming a privately held company and the Company's American depositary shares (each representing 16 ordinary shares, par value US$0.0001 per share) (the "ADSs"), will no longer be listed on the NASDAQ Global Market, and the Company's ADSs program for the ordinary shares of the Company will terminate. In addition, the Company's ADSs and ordinary shares represented by the ADSs will cease to be registered under the United States Securities Exchange Act of 1934, following the consummation of the Merger.
The board of directors of the Company (the "Board"), acting upon the unanimous recommendation of a special committee (the "Special Committee") of the Board, which special committee was composed solely of directors of the Company who are unaffiliated with any person participating as a buyer or rollover securityholder in the Merger or any member of the management of the Company, authorized and approved the execution, delivery and performance of the Merger Agreement, the Plan of Merger and the consummation of the transactions contemplated thereby, including the Merger, and resolved to recommend that the Company's shareholders and ADS holders vote for among other things, the proposal to authorize and approve the Merger Agreement, the Plan of Merger and the consummation of the transactions contemplated thereby, including the Merger.
Shareholders of record as of the close of business in the Cayman Islands on September 1, 2022 will be entitled to attend and vote at the EGM or any adjournment thereof. ADS holders as of the close of business in New York City on August 15, 2022 will be entitled to instruct Deutsche Bank Trust Company Americas, the ADS depositary, to vote the ordinary shares represented by their ADSs at the EGM.
Additional information regarding the EGM, the Merger Agreement and the Plan of Merger can be found in the transaction statement on Schedule 13E-3 and the definitive proxy statement attached as Exhibit (a)-(1) thereto, as amended, filed with the U.S. Securities and Exchange Commission (the "SEC"), which can be obtained, along with other filings containing information about the Company, the proposed Merger and related matters, without charge, from the SEC's website (http://www.sec.gov). In addition, the Company's proxy materials, including the definitive proxy statement, will be mailed to the shareholders and ADS holders of the Company. Requests for additional copies of the definitive proxy statement should be directed to the Company by telephone at +86 (571) 5812 1974 or by email at ir@hailiangeducation.com.
SHAREHOLDERS AND ADS HOLDERS ARE URGED TO READ CAREFULLY AND IN THEIR ENTIRETY THESE MATERIALS AND OTHER MATERIALS FILED WITH OR FURNISHED TO THE SEC WHEN THEY BECOME AVAILABLE, AS THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT THE COMPANY, THE PROPOSED MERGER AND RELATED MATTERS.
The Company and certain of its directors and executive officers may, under SEC rules, be deemed to be "participants" in the solicitation of proxies from the shareholders with respect to the proposed Merger. Information regarding the persons who may be considered "participants" in the solicitation of proxies is set forth in the Schedule 13E-3 transaction statement relating to the proposed Merger and the definitive proxy statement attached thereto. Further information regarding persons who may be deemed participants, including any direct or indirect interests they may have, is also set forth in the definitive proxy statement.
This announcement is for information purposes only and does not constitute an offer to purchase, or the solicitation of an offer to sell, any securities or a solicitation of any proxy, vote or approval with respect to the proposed transaction or otherwise, nor shall it be a substitute for any proxy statement or other filings that have been or will be made with the SEC.
About Hailiang Education Group Inc.
Hailiang Education Group Inc. (Nasdaq: HLG) is an education and management services provider in China. The Company primarily focuses on providing distinguished, specialized, and internationalized education. Hailiang Education is dedicated to providing students with high-quality high school curriculum education, student management services, ancillary educational services, and education and management services, and it strives to maintain the high quality of its students' life, study, and development. Hailiang Education adapts its educational services based upon its students' individual aptitudes. Hailiang Education is devoted to improving its students' academic capabilities, cultural accomplishments, and international perspectives. For more information, please visit http://ir.hailiangedu.com.
Forward-Looking Statements
This press release contains information about Hailiang Education's view of its future expectations, plans, and prospects that constitute forward-looking statements. These forward-looking statements are made under the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. All statements other than statements of historical facts in this announcement are forward-looking statements, including, but not limited to the following: the Company's business plans, the Company's future business development, the Company's ability to consummate the transactions contemplated under the Merger Agreement as planned, and other risks detailed in the Company's filings with the U.S. Securities and Exchange Commission (the "SEC"), as well as the Schedule 13E-3 transaction statement and the proxy statement to be filed by the Company. Hailiang Education may also make written or oral forward-looking statements in its periodic reports to the SEC, in its annual report to shareholders, in press releases and other written materials, and in oral statements made by its officers, directors, or employees to third parties. Statements that are not historical facts, including statements about Hailiang Education's beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties, whether known or unknown, and are based on current expectations and projections about future events and financial trends that the Company believes may affect its financial condition, results of operations, business strategy, and financial needs. Investors can identify these forward-looking statements by words or phrases such as "may," "will," "will make," "will be," "expect," "anticipate," "aim," "estimate," "intend," "plan," "believe," "potential," "continue," "endeavor to," "is/are likely to," or other similar expressions. Further information regarding these and other risks is included in our annual report on Form 20-F and other filings with the SEC. All information provided in this press release is as of the date of this press release, and Hailiang Education undertakes no obligation to update any forward-looking statements, except as may be required under applicable law.
For more information, please contact:
Mr. Litao Qiu
Board Secretary
Hailiang Education Group Inc.
Phone: +86-571-5812-1974
Email: ir@hailiangeducation.com
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SOURCE Hailiang Education | https://www.kxii.com/prnewswire/2022/08/11/hailiang-education-hold-extraordinary-general-meeting-shareholders/ | 2022-08-11T10:40:26Z |
WHO: COVID-19 cases mostly drop, except for the Americas
LONDON (AP) — The number of new coronavirus cases and deaths are still falling globally after peaking in January, the World Health Organization said.
In its latest weekly assessment of the pandemic, the U.N. health agency said there were more than 3.7 million new infections and 9,000 deaths in the last week, drops of 3% and 11% respectively. COVID-19 cases rose in only two regions of the world: the Americas and the Western Pacific. Deaths increased by 30% in the Middle East, but were stable or decreased everywhere else.
WHO said it is tracking all omicron subvariants as “variants of concern.” It noted that countries which had a significant wave of disease caused by the omicron subvariant BA.2 appeared to be less affected by other subvariants like BA.4 and BA.5, which were responsible for the latest surge of disease in South Africa.
Salim Abdool Karim, an infectious diseases expert at the University of KwaZulu-Natal, said it appeared that South Africa had passed its most recent wave of COVID-19 caused by the BA.4 and BA.5 subvariants; the country has been on the forefront of the pandemic since first detecting the omicron variant last November.
Karim predicted that another mutated version of omicron might emerge in June, explaining that the large number of mutations in the variant meant there were more opportunities for it to evolve.
Meanwhile in Beijing, authorities in the Chinese capital ordered more workers and students to stay home and implemented additional mass testing Monday as cases of COVID-19 continue to rise. Numerous residential compounds in the city have restricted movement in and out, although lockdown conditions remain far less severe than in Shanghai, where millions of citizens have been under varying degrees of lockdown for two months.
China is vowing to stick to a “zero-COVID” policy despite the fact that the WHO describes the policy as “unsustainable,” given the infectious nature of omicron and its subvariants.
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Follow AP’s coverage of the pandemic at https://apnews.com/hub/coronavirus-pandemic
Copyright 2022 The Associated Press. All rights reserved. | https://www.wibw.com/2022/05/26/who-covid-19-cases-mostly-drop-except-americas/ | 2022-05-26T15:48:05Z |
New offering focuses on delivering start-to-finish hard material components through close partnership
WORTHINGTON, Ohio, July 27, 2022 /PRNewswire/ -- Hyperion Materials & Technologies, a leading global materials science company that develops hard and super-hard materials for a wide variety of industries and applications, announced today the launch of a new business that will work directly with customers to design and produce finished, precision components.
Precision Solutions by Hyperion® is a first-of-its-kind business capable of creating highly specialized tungsten carbide, industrial diamond, ceramic, high-speed steel and cubic boron nitride products, owning the process from raw material to mass production of finished components. Product capabilities include wear-resistant components, spray nozzles and seats, blades and knives, core pins, precision dies and gauges, and many other components that keep the energy, manufacturing, electronics, medical and aerospace sectors running smoothly.
"By controlling the entire value chain for these incredibly intricate, precise components, we're setting the standard for materials expertise, convenience and speed — not to mention an unparalleled degree of quality control," said Biju Varghese, Senior Vice President of Engineered Solutions at Hyperion. "We offer customers a single point of contact and close partnership through the entire process, from material design to application support to precision manufacturing."
Engineering and producing precision parts is at the core of the Precision Solutions model. The business is capable of machining pins as small as .002 inches [0.051 mm] in diameter; drilling holes as small as .001 inches [0.025 mm]; lapping surfaces by tenths of a micron; and achieving tolerances of 3/100,000ths of an inch. It is also capable of creating larger parts, such as complex tungsten carbide forms up to 14 inches [355 mm] in diameter and 31 inches [787 mm] long. Precision Solutions engineers can help companies prototype products and design parts with complex geometries, such as hollow spaces and recessed surfaces.
Precision Solutions by Hyperion combines the materials science and engineering expertise of Hyperion Materials & Technologies with the manufacturing, grinding and finishing services offered by several recently acquired companies. Those companies include GLE-Precision, a cutting-edge global precision machining leader; Crafts Technology, a provider of tailor-made cemented tungsten carbide solutions; and Aggressive Grinding Service, a precision carbide and ceramic grinding business.
For more information, visit www.precisionbyhyperion.com.
Media Contact
David Means
Corporate Communications Professional
david.means@hyperionmt.com
Hyperion Materials & Technologies, headquartered in Worthington, Ohio, is a global leader in developing hard and super-hard materials. Visit HyperionMT.com to learn more.
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SOURCE Hyperion Materials & Technologies | https://www.wibw.com/prnewswire/2022/07/27/hyperion-materials-amp-technologies-launches-precision-solutions-by-hyperion/ | 2022-07-27T15:36:33Z |
--Record European DG Volume with new Beyond the Panel launches--
--First US Utility-Scale shipments delivered successfully--
SINGAPORE, May 26, 2022 /PRNewswire/ -- Maxeon Solar Technologies, Ltd. (NASDAQ:MAXN) ("Maxeon" or "the Company"), a global leader in solar innovation and channels, today announced its financial results for the first quarter ended April 3, 2022.
Maxeon's Chief Executive Officer Jeff Waters noted, "We kicked off 2022 with another record DG performance in Europe and the unveiling of our SunPower One ecosystem which we will start launching in various regions across the globe this year. Our module sales were up over 75% year over year in Europe and in certain countries our mix of AC module sales exceeded 40%. In US Utility-Scale, we're now negotiating terms for 2024 deliveries and we're thrilled to see the first module containers leave our facilities in Mexico and arrive successfully at our customer's project site.
While supply chain conditions remain challenging, we remain focused on executing on our key transformation initiatives - specifically the ramping of our Maxeon 6 and Performance line for the US market which are critical for enabling our return to profitability in 2023. Maxeon 6 is scheduled to be fully ramped to 500MW in the second half of 2022 and Performance line capacity for the US market is scheduled to be fully ramped in the first half of 2023. As these projects near completion, our focus will pivot to Maxeon's next transformation steps led by Maxeon 7, the ramp of storage sales, direct US residential market entry and North America capacity expansion."
Supplementary information affecting GAAP and Non-GAAP results
Second Quarter 2022 Outlook
For the second quarter of 2022, the Company anticipates the following results:
These anticipated results for the second quarter of 2022 are preliminary, unaudited and represent the most current information available to management. The Company's business outlook is based on management's current views and estimates with respect to market conditions, production capacity, the uncertainty of the continuing impact of the COVID-19 pandemic, and the global economic environment. Please refer to Forward Looking Statements section below. Management's views and estimates are subject to change without notice.
For more information
Maxeon's first quarter 2022 financial results and management commentary can be found on Form 6-K by accessing the Financials & Filings page of the Investor Relations section of Maxeon's website at: https://corp.maxeon.com/investor-relations. The Form 6-K and Company's other filings are also available online from the Securities and Exchange Commission at www.sec.gov.
Conference Call Details
The Company will hold a conference call on May 26, 2022, at 5:30 PM U.S. ET / May 27, 2022, at 5:30 AM Singapore Time, to discuss results and to provide an update on the business. Conference call details are below.
Dial-in:
North America (toll-free): +1 (833) 301-1154
International: +1 (914) 987-7395
Singapore: +65 3165-4607
Conference ID: 6144536
A simultaneous webcast of the conference call will be available on Maxeon's website at https://corp.maxeon.com/events-and-presentations.
Listeners should dial in or log on 10 minutes in advance. A replay will be available online within 24 hours after the event.
A replay of the conference call may be accessed by phone at the following numbers until June 2, 2022. To access the replay, please reference the following numbers:
North America (toll-free): +1 (855) 859-2056 / +1 (800) 585-8367
International: +1 (404) 537-3406
Conference ID: 6144536
About Maxeon Solar Technologies
Maxeon Solar Technologies Ltd (NASDAQ: MAXN) is Powering Positive ChangeTM. Headquartered in Singapore, Maxeon designs and manufactures Maxeon® and SunPower® brand solar panels, and has sales operations in more than 100 countries, operating under the SunPower brand in certain countries outside the United States. The Company is a leader in solar innovation with access to over 1,000 patents and two best-in-class solar panel product lines. Maxeon products span the global rooftop and solar power plant markets through a network of more than 1,400 trusted partners and distributors. A pioneer in sustainable solar manufacturing, Maxeon leverages a 35-year history in the solar industry and numerous awards for its technology. For more information about how Maxeon is Powering Positive ChangeTM visit us at https://www.maxeon.com/, on LinkedIn and on Twitter.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including, but not limited to, statements regarding: (a) our expectations regarding pricing trends, demand and growth projections; (b) potential disruptions to our operations and supply chain that may result from epidemics, natural disasters or military conflicts, including the duration, scope and impact on the demand for our products, market disruptions from the war in Ukraine and the pace of recovery from the COVID-19 pandemic; (c) anticipated product launch timing and our expectations regarding ramp, customer acceptance and demand, upsell and expansion opportunities; (d) our expectations and plans for short- and long-term strategy, including our anticipated areas of focus and investment, market expansion, product and technology focus, and projected growth and profitability; (e) our ability to meet short term and long term material cash requirements including our obligations under the long-term polysilicon supply agreement, our ability to complete an equity or debt offering at favorable terms, if at all, and our overall liquidity, substantial indebtedness and ability to obtain additional financing; (f) our technology outlook, including anticipated fab utilization and expected ramp and production timelines for the Company's Maxeon 5 and 6, next-generation Maxeon 7 and Performance line solar panels, expected cost reductions, and future performance; (g) our strategic goals and plans, including partnership discussions with respect to the Company's next-generation technology, and our relationships with existing customers, suppliers and partners, and our ability to achieve and maintain them; (h) our expectations regarding our future performance and revenues resulting from contracted orders, bookings, backlog, and pipelines in our sales channels; (i) our second quarter fiscal year 2022 guidance, including shipments, revenue, gross profit, non-GAAP gross profit, operating expenses, non-GAAP operating expenses, Adjusted EBITDA, capital expenditures, out-of-market polysilicon cost, and related assumptions; and (j) our projected effective tax rate and changes to the valuation allowance related to our deferred tax assets.
The forward-looking statements can be also identified by terminology such as "may," "might," "could," "will," "aims," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates" and similar statements. Among other things, the quotations from management in this press release and Maxeon's operations and business outlook contain forward-looking statements.
These forward-looking statements are based on our current assumptions, expectations and beliefs and involve substantial risks and uncertainties that may cause results, performance or achievement to materially differ from those expressed or implied by these forward-looking statements. These statements are not guarantees of future performance and are subject to a number of risks. The reader should not place undue reliance on these forward-looking statements, as there can be no assurances that the plans, initiatives or expectations upon which they are based will occur. Factors that could cause or contribute to such differences include, but are not limited to: (1) challenges in executing transactions key to our strategic plans, including regulatory and other challenges that may arise; (2) our liquidity, substantial indebtedness, and ability to obtain additional financing for our projects, customers and operations; (3) our ability to manage supply chain cost increases and operating expenses; (4) potential disruptions to our operations and supply chain that may result from damage or destruction of facilities operated by our suppliers, difficulties in hiring or retaining key personnel, epidemics, natural disasters, including impacts of the COVID-19 pandemic, or the war in Ukraine; (5) our ability to manage our key customers and suppliers; (6) the success of our ongoing research and development efforts and our ability to commercialize new products and services, including products and services developed through strategic partnerships; (7) competition in the solar and general energy industry and downward pressure on selling prices and wholesale energy pricing; (8) changes in regulation and public policy, including the imposition and applicability of tariffs; (9) our ability to comply with various tax holiday requirements as well as regulatory changes or findings affecting the availability of economic incentives promoting use of solar energy and availability of tax incentives or imposition of tax duties; (10) fluctuations in our operating results; (11) appropriately sizing our manufacturing capacity and containing manufacturing and logistics difficulties that could arise; (12) unanticipated impact to customer demand and sales schedules due, among other factors, to the spread of COVID-19, the war in Ukraine and other environmental disasters; (13) challenges managing our acquisitions, joint ventures and partnerships, including our ability to successfully manage acquired assets and supplier relationships; (14) reaction by securities or industry analysts to our quarterly guidance which, in combination with our results of operations, may cause them to cease publishing research or reports about us, or adversely change their recommendations regarding our ordinary shares, which may negatively impact the market price of our ordinary shares and volume of our stock trading; and (15) unpredictable outcomes resulting from our litigation activities or other disputes. A detailed discussion of these factors and other risks that affect our business is included in filings we make with the Securities and Exchange Commission ("SEC") from time to time, including our most recent report on Form 20-F, particularly under the heading "Risk Factors". Copies of these filings are available online from the SEC at www.sec.gov, or on the SEC Filings section of our Investor Relations website at https://corp.maxeon.com/investor-relations. All forward-looking statements in this press release are based on information currently available to us, and we assume no obligation to update these forward-looking statements in light of new information or future events.
Use of Non-GAAP Financial Measures
We present certain non-GAAP measures such as non-GAAP gross profit (loss), non-GAAP operating expenses and earnings before interest, taxes, depreciation and amortization ("EBITDA") adjusted for stock-based compensation, restructuring charges (credits) and fees, remeasurement loss (gain) on prepaid forward and physical delivery forward, loss on extinguishment of debt, impairment and equity in losses of unconsolidated investees ("Adjusted EBITDA") to supplement our consolidated financial results presented in accordance with GAAP. Non-GAAP gross profit (loss) is defined as gross profit (loss) excluding stock-based compensation. Non-GAAP operating expenses is defined as operating expenses excluding stock-based compensation and restructuring charges (credits) and fees.
We believe that non-GAAP gross profit (loss), non-GAAP operating expenses and Adjusted EBITDA provide greater transparency into management's view and assessment of the Company's ongoing operating performance by removing items management believes are not representative of our continuing operations and may distort our longer-term operating trends. We believe these measures are useful to help enhance the comparability of our results of operations across different reporting periods on a consistent basis and with our competitors, distinct from items that are infrequent or not associated with the Company's core operations as presented above. We also use these non-GAAP measures internally to assess our business, financial performance and current and historical results, as well as for strategic decision-making and forecasting future results. Given our use of non-GAAP measures, we believe that these measures may be important to investors in understanding our operating results as seen through the eyes of management. These non-GAAP measures are neither prepared in accordance with GAAP nor are they intended to be a replacement for GAAP financial data, should be reviewed together with GAAP measures and may be different from non-GAAP measures used by other companies.
As presented in the "Reconciliation of Non-GAAP Financial Measures" section, each of the non-GAAP financial measures excludes one or more of the following items in arriving to the non-GAAP measures:
- Stock-based compensation expense. Stock-based compensation relates primarily to equity incentive awards. Stock-based compensation is a non-cash expense that is dependent on market forces that are difficult to predict and is excluded from non-GAAP gross profit (loss), non-GAAP operating expense and Adjusted EBITDA. Management believes that this adjustment for stock-based compensation expense provides investors with a basis to measure our core performance, including the ability to compare our performance with the performance of other companies, without the period-to-period variability created by stock-based compensation.
- Restructuring charges (credits) and fees. We incur restructuring charges (credits) and fees related to reorganization plans aimed towards realigning resources consistent with our global strategy and improving its overall operating efficiency and cost structure. Restructuring charges (credits) and fees are excluded from non-GAAP operating expenses and Adjusted EBITDA because they are not considered core operating activities. Although we have engaged in restructuring activities and initiatives, past activities have been discrete events based on unique sets of business objectives. As such, management believes that it is appropriate to exclude restructuring charges (credits) and fees from our non-GAAP financial measures as they are not reflective of ongoing operating results nor do these charges contribute to a meaningful evaluation of our past operating performance.
- Remeasurement loss (gain) on prepaid forward and physical delivery forward. This relates to the mark-to-market fair value remeasurement of privately negotiated prepaid forward and physical delivery transactions. The transactions were entered into in connection with the issuance on July 17, 2020 of the 6.50% Green Convertible Senior Notes due 2025 for an aggregate principal amount of $200 million. The prepaid forward is remeasured to fair value at the end of each reporting period, with changes in fair value booked in earnings. The fair value of the prepaid forward is primarily affected by the Company's share price. The physical delivery forward was remeasured to fair value at the end of the Note Valuation Period on September 29, 2020, and was reclassified to equity after remeasurement, and will not be subsequently remeasured. The fair value of the physical delivery forward was primarily affected by the Company's share price. The remeasurement loss (gain) on prepaid forward and physical delivery forward is excluded from Adjusted EBITDA because it is not considered core operating activities. As such, management believes that it is appropriate to exclude the mark-to-market adjustments from our Adjusted EBITDA as it is not reflective of ongoing operating results nor do the loss (gain) contribute to a meaningful evaluation of our past operating performance.
- Impairment. This relates to the impairment of assets recorded by our equity method investee, Huansheng Photovoltaic (Jiangsu) Co., Ltd ("Huansheng JV"). Asset impairment is excluded from our Adjusted EBITDA financial measure as it is non-cash in nature and not reflective of ongoing operating results. As such, management believes that it is appropriate to exclude such charges as they do not contribute to a meaningful evaluation of our past operating performance.
- Equity in losses of unconsolidated investees. This relates to the loss on our unconsolidated equity investment Huansheng JV. This is excluded from our Adjusted EBITDA financial measure as it is non-cash in nature and not reflective of our core operational performance. As such, management believes that it is appropriate to exclude such charges as they do not contribute to a meaningful evaluation of our performance.
©2022 Maxeon Solar Technologies, Ltd. All rights reserved. MAXEON is a registered trademark of Maxeon Solar Technologies, Ltd. Visit https://corp.maxeon.com/trademarks for more information.
The following table reconciles our cash and cash equivalents and restricted cash reported on our Condensed Consolidated Balance Sheets and the cash, cash equivalents and restricted cash reported on our Condensed Consolidated Statements of Cash Flows as of April 3, 2022 and April 4, 2021:
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SOURCE Maxeon Solar Technologies, Ltd. | https://www.mysuncoast.com/prnewswire/2022/05/26/maxeon-solar-technologies-announces-first-quarter-2022-financial-results/ | 2022-05-26T21:02:21Z |
Did you lose money on investments in Wells Fargo & Company? If so, please visit Wells Fargo & Company Shareholder Class Action Lawsuit or contact Peter Allocco at (212) 951-2030 or pallocco@bernlieb.com to discuss your rights.
NEW YORK, July 13, 2022 /PRNewswire/ -- Bernstein Liebhard LLP, a nationally acclaimed investor rights law firm, reminds investors of the deadline to file a lead plaintiff motion in a securities class action lawsuit that has been filed on behalf of investors who purchased or acquired the common stock of Wells Fargo & Company ("Wells Fargo" or the "Company") (NYSE: WFC) between February 24, 2021 and June 9, 2022, inclusive (the "Class Period"). The lawsuit was filed in the United States District Court for the Northern District of California and alleges violations of the Securities Exchange Act of 1934.
Wells Fargo is a diversified financial services company that provides banking, investment, mortgage, and consumer and commercial finance products and services.
On May 19, 2022, the New York Times published an article entitled "At Wells Fargo, a Quest to Increase Diversity Leads to Fake Job Interviews". Citing discussions with "seven current and former Wells Fargo employees", including Joe Bruno, a former executive in the Company's wealth management division, the article reported, in relevant part, that "[f]or many open positions, employees would interview a 'diverse' candidate", but "that often, the so-called diverse candidate would be interviewed for a job that had already been promised to someone else." The article further reported that Mr. Bruno was fired after "complain[ing] to his bosses" about the practice. On this news, Wells Fargo's common stock price fell $0.44 per share, or 1.04%, over two trading sessions, closing at $41.67 per share on May 20, 2022.
Then, on June 6, 2022, Reuters published an article entitled, "Wells Fargo pauses diverse slate hiring policy after reports of fake job interviews." The article reported that "Wells Fargo . . . is pausing a hiring policy that requires recruiters to interview a diverse pool of candidates, after the New York Times reported such interviews were often fake and conducted even though the job had already been promised to someone else."
Finally, on June 9, 2022, the New York Times published an article entitled "Federal Prosecutors Open Criminal Inquiry of Wells Fargo's Hiring Practices." The article reported that federal prosecutors are investigating whether Wells Fargo violated federal laws by conducting fake job interviews to meet the Company's Diverse Search Requirement. The article also revealed that, since the New York Times' May 19, 2022 article focusing on the bank's wealth management business, "another 10 current and former employees have shared stories about how they were subject to fake interviews, or conducted them, or saw paperwork documenting the practice", and that "sham interviews occurred across multiple business lines, including its mortgage servicing, home lending and retail banking operations."
That same day, Wells Fargo issued a press release stating that "[e]arlier this week, the [C]ompany temporarily paused the use of its diverse slate guidelines" and that "[d]uring this pause, the [C]ompany is conducting a review so that hiring managers, senior leaders and recruiters fully understand how the guidelines should be implemented…"
Following these disclosures, Wells Fargo's common stock price fell $3.68 per share, or 8.62%, over the following two trading sessions, closing at $38.99 per share on June 13, 2022.
Plaintiff alleges that Defendants made materially false and misleading statements throughout the Class Period. Specifically, Plaintiff alleges that Defendants failed to disclose that: (i) Wells Fargo had misrepresented its commitment to diversity in the Company's workplace; (ii) Wells Fargo conducted fake job interviews in order to meet its Diverse Search Requirement; (iii) the foregoing conduct subjected Wells Fargo to an increased risk of regulatory and/or governmental scrutiny and enforcement action, including criminal charges; and (iv) all of the foregoing, once revealed, was likely to negatively impact Wells Fargo's reputation.
If you wish to serve as lead plaintiff, you must move the Court no later than August 29, 2022. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. Your ability to share in any recovery doesn't require that you serve as lead plaintiff. If you choose to take no action, you may remain an absent class member.
If you purchased WFC common stock, and/or would like to discuss your legal rights and options please visit Wells Fargo & Company Shareholder Class Action Lawsuit or contact Peter Allocco at (212) 951-2030 or pallocco@bernlieb.com.
Since 1993, Bernstein Liebhard LLP has recovered over $3.5 billion for its clients. In addition to representing individual investors, the Firm has been retained by some of the largest public and private pension funds in the country to monitor their assets and pursue litigation on their behalf. As a result of its success litigating hundreds of lawsuits and class actions, the Firm has been named to The National Law Journal's "Plaintiffs' Hot List" thirteen times and listed in The Legal 500 for ten consecutive years.
ATTORNEY ADVERTISING. © 2022 Bernstein Liebhard LLP. The law firm responsible for this advertisement is Bernstein Liebhard LLP, 10 East 40th Street, New York, New York 10016, (212) 779-1414. Prior results do not guarantee or predict a similar outcome with respect to any future matter.
Contact Information:
Peter Allocco
Bernstein Liebhard LLP
https://www.bernlieb.com
(212) 951-2030
pallocco@bernlieb.com
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SOURCE Bernstein Liebhard LLP | https://www.mysuncoast.com/prnewswire/2022/07/13/wells-fargo-amp-company-nyse-wfc-shareholder-class-action-alert-bernstein-liebhard-llp-reminds-investors-deadline-file-lead-plaintiff-motion-securities-class-action-lawsuit-against-wells-fargo-amp-company-nyse-wfc/ | 2022-07-13T06:58:25Z |
LOS ANGELES, May 17, 2022 /PRNewswire/ -- Boutique Los Angeles law firm Reuben Raucher & Blum announced today that Partner Stephanie Blum has been recognized as a "Top 100 Lawyer" by the Los Angeles Business Journal. According to the journal's publisher Josh Schimmels, the 100 lawyers selected "have demonstrated exceptional legal skill and achievements across the full spectrum of responsibility, exemplary leadership and contributions to the Los Angeles community at large."
"We are delighted to see this well-deserved acknowledgment of Stephanie's legal prowess and commitment to her clients," said Managing Principal Tim Reuben. "She is a tremendously skilled lawyer and has consistently demonstrated her ability to deliver the highest degree of strategy and service to our clients."
Blum, a Certified Family Law Specialist who has practiced exclusively in the area of family law for 25 years, "supports those who face the turmoil, uncertainty and challenges of divorce," says the publication. "Though her first preference is always to mediate spousal, financial and custody issues, Blum is also a fierce and relentless opponent in a court of law."
Her philosophy in dealing with her clients is to bring sensitivity to what they are going through and to always treat every case on a highly individualized basis. "I always keep in mind my client's needs and circumstances," she says. "That means sound strategy, pragmatic advice, and an excellent knowledge of the system. I'm fully prepared to resolve disputes but, when necessary, to fight to secure my client's rights."
Blum's most recent client results include securing court orders modifying child and spousal support orders on behalf of her client, from $21,000 per month to $200 per month after successfully showing that gifts from her client's parents ceased and therefore should not be counted as income when calculating support. She attained an order for another client, a husband, forcing his wife to vacate their marital home, ultimately vesting the full equity of the home in the husband's name. Blum was also successful in achieving sole physical custody for her client, a mother, and the suspension of the father's visitation, over his objection, due to the father's history of domestic abuse.
A Cornell University graduate and USC School of Law alumna, Blum speaks regularly before professional organizations on various aspects of family law. She has appeared on radio and television shows and co-authored the book "Divorce and Finances: Know your Rights Clearly and Quickly." Blum has been featured and quoted in publications and print, such as Variety, CBSMarketWatch.com, People Magazine, US Weekly and the Daily Journal and she is a Contributing Expert to Living Brentwood Magazine on family law topics.
Recognized in 2022 as both a "Top Family Lawyer" by the Daily Journal and a "Family Law Trailblazer" by the National Law Journal, Blum is active in her profession and the community. She served on the Executive Committee of the Los Angeles County Bar Association's Family Law Section and has been a long-time supporter of the Harriett Buhai Center for Family Law. Blum worked pro bono with both Levitt and Quinn Family Law Center and the Harriett Buhai Center for Family Law, representing clients who can't afford legal counsel.
REUBEN RAUCHER & BLUM has earned widespread recognition as a boutique litigation and family law firm representing a broad spectrum of clients. The firm has an outstanding track record in resolving complex disputes for its clients through mediation and other settlement methods, but also has obtained multi-million dollar results, as well as total vindication and recovery of attorney's fees when representing the defense. For more information, please visit https://www.rrbattorneys.com/.
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SOURCE Reuben Raucher & Blum | https://www.mysuncoast.com/prnewswire/2022/05/17/reuben-raucher-amp-blums-stephanie-blum-named-among-top-100-lawyers-los-angeles/ | 2022-05-17T06:56:02Z |
CHARLOTTE, N.C., May 4, 2022 /PRNewswire/ -- First Citizens Bank today announced that its Middle Market Banking business provided up to $50 million as a senior secured line of credit to an affiliate of Morningstar Properties, a leading investor in and operator of self-storage facilities.
The line of credit is structured as a $35 million revolving line of credit with a $15 million accordion feature expanding the total available financing up to $50 million. Proceeds from the financing will be used for growth opportunities and general working capital purposes.
"The fundamentals supporting self-storage facilities remain exceptionally strong, as consumers and businesses continue to demand secure and affordable spaces for safeguarding their possessions," said Wesley Carter, CFO of Morningstar Storage. "This financing will enable Morningstar to effectively manage its capital resources and efficiently grow its portfolio of assets. First Citizens is a critical partner for Morningstar and we appreciate their expertise in arranging this financing."
"Morningstar Properties is well-known as a smart and experienced investor and operator of self-storage facilities," said Brendan Chambers, First Citizens' lead executive for Middle Market Banking. "We were pleased to provide this financing to support their business objectives."
Middle Market Banking business delivers a range of financial solutions to midsize clients through a relationship banking model. The business offers deposit solutions, loans, treasury services and other banking products to manufacturers, distributors and a wide variety of service industries.
About First Citizens Bank
First Citizens Bank helps personal, business, commercial and wealth clients build financial strength that lasts. As the largest family-controlled bank in the United States, First Citizens is continuing a unique legacy of strength, stability and long-term thinking that has spanned generations. Founded in 1898 and headquartered in Raleigh, N.C., First Citizens also operates a nationwide direct bank and a network of more than 600 branches in 22 states. Industry specialists bring a depth of expertise that helps businesses and individuals meet their specific goals at every stage of their financial journey. First Citizens Bank brings together personal service and powerful tools to help customers do more with their money—and make more of their future. Visit firstcitizens.com. First Citizens Bank. Forever First®
About Morningstar Properties
Founded in 1981, Morningstar Properties is a vertically integrated fund manager, developer, owner and operator of specialty real estate assets. The company primarily focuses on self-storage and marinas, in the South and Mid Atlantic United States. Since its inception forty years ago, Morningstar Storage has been consistently recognized as one of the premier private platforms in the storage industry. Morningstar has developed, acquired and operated over 250 self-storage projects across the country, totaling in excess of 15 million square feet. A pioneer in today's expanding marina sector, Morningstar also acquires and operates marinas under the brand name Morningstar Marinas. The company is headquartered in Charlotte, NC.
MEDIA RELATIONS:
John M. Moran
212-461-5507
john.moran@cit.com
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SOURCE First Citizens Bank | https://www.wibw.com/prnewswire/2022/05/04/first-citizens-middle-market-banking-provides-up-50-million-morningstar-properties-affiliate/ | 2022-05-04T14:11:09Z |
STOCKHOLM, July 15, 2022 /PRNewswire/ -- Sandvik has appointed Richard Harris as President of business area Sandvik Rock Processing Solutions (SRP) and new member of the Sandvik Group Executive Management, effective October 1, 2022. He succeeds Anders Svensson, who as previously announced is leaving Sandvik to become President and CEO of Konecranes. Richard Harris is currently President of Walter, a division within business area Sandvik Manufacturing and Machining Solutions.
"Richard Harris is an experienced international leader with a very strong operational background who has proven great performance management and execution skills during his years at Sandvik. In addition, he has successfully driven an active growth and acquisition agenda. I am convinced that he will be a very good fit as business area President for SRP and a great addition to the Group Executive Management," says Stefan Widing, President and CEO of Sandvik.
Richard Harris was born in 1970 and is a British national. He has been with the Sandvik Group since 2002 in various senior positions within Sandvik Machining Solutions (SMS). Before becoming President of Walter in 2019, he was President of the Wolfram division. Previous positions also include several different Supply and Production Director roles within SMS.
Anders Svensson will leave Sandvik on October 14, in connection to completing the report for the third quarter.
For further information, contact Louise Tjeder, VP Investor relations, phone: +46 (0) 70782 6374 or Johannes Hellström, Press and Media Relations Manager, phone: +46 (0) 70721 1008.
This information was brought to you by Cision http://news.cision.com
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SOURCE Sandvik | https://www.kxii.com/prnewswire/2022/07/15/sandvik-appoints-new-president-business-area-sandvik-rock-processing-solutions/ | 2022-07-15T09:09:25Z |
Monty Norman, composer of the James Bond theme, dies at 94
LONDON (AP) — Monty Norman, a British composer who wrote the theme tune for the James Bond films, has died. He was 94.
A statement posted Monday on Norman’s official website said: “It is with sadness we share the news that Monty Norman died on 11th July 2022 after a short illness.”
Born Monty Noserovitch to Jewish parents in the East End of London in 1928, Norman got his first guitar when he was 16. He performed with big bands and in a variety double act with comedian Benny Hill before writing songs for early British rockers Cliff Richard and Tommy Steele and composing for stage musicals including “Make Me an Offer,” “Expresso Bongo,” “Songbook” and “Poppy.”
Norman was hired by producer Albert “Cubby” Broccoli to compose a theme for the first James Bond film, “Dr. No,” released in 1962.
He drew on a piece he had written for a proposed musical adaptation of V.S. Naipaul’s “A House for Mr. Biswas,” shifting the key riff from sitar to electric guitar. The result — twangy, propulsive, menacing — has been used in all 25 Bond thrillers.
Producers hired composer John Barry to rearrange the theme, and Barry was widely assumed to have written it — to Norman’s chagrin. Barry, who died in 2011, went on to compose scores for almost a dozen Bond films, including “Goldfinger” and “You Only Live Twice.”
Norman went to court to assert his authorship, suing the Sunday Times newspaper for libel over a 1997 article asserting the theme was composed by Barry. He won in 2001 and was awarded 30,000 pounds in damages.
Copyright 2022 The Associated Press. All rights reserved. | https://www.mysuncoast.com/2022/07/11/monty-norman-composer-james-bond-theme-dies-94/ | 2022-07-11T17:21:54Z |
Amber Alert issued for missing Texas teen
HONEY GROVE, Texas (Gray News) - Authorities are searching for a missing 13-year-old believed to be in immediate danger.
An Amber Alert was issued for Kionna Braxton, according to the Center for Missing and Exploited Children. They reported she was last seen on June 14 in Honey Grove, Texas.
She is described to be 4 feet, 11 inches tall and weighs about 200 pounds, according to the Honey Grove Police Department. She has brown eyes and was last seen wearing blondish-brown braids.
Kionna was last seen wearing an orange and white cheerleading outfit with blue, orange, and red Crocs.
Anyone with information about Kionna’s disappearance is asked to contact the Honey Grove Police Department at 903-378-2222.
Copyright 2022 Gray Media Group, Inc. All rights reserved. | https://www.kxii.com/2022/06/16/amber-alert-issued-missing-texas-teen/ | 2022-06-16T11:59:27Z |
DALLAS (KDAF) — North Texas is home to many unique experiences. Like did you know that Arlington is home to the first and only MLB-branded golf course in the world?
The Texas Rangers Golf Club has everything a golf lover expects in a course, with some Texas Rangers branding.
So if you love baseball and golf, why not get the best of both worlds. This club is a fairly young creation, being first established in February of 2019.
Open seven days a week, this $24 million course is close to Arlington’s Entertainment District.
Fore more information on the course, visit arlingtongolf.com. | https://cw33.com/news/local/like-golfing-and-baseball-get-the-best-of-both-worlds-at-texas-rangers-golf-club/ | 2022-04-04T19:40:05Z |
DALLAS (KDAF) — Rent is rising across the nation, including in Dallas and Fort Worth, which saw major influxes of new renters from all over the country.
This makes it harder for many people in North Texas to afford rent, as most apartment complexes require renters to make three times the rent in order to be approved.
With this heightened focus on rent prices and the danger rising prices pose to renters, SmartAsset released a new report calculating how many hours you need to work to afford rent in the 25 largest cities in the nation.
Here’s what you need to make in Dallas and Fort Worth to make rent:
But what about other Texas cities? Here’s how much you need to make to afford rent in other Texas cities:
For the full report, visit SmartAsset. | https://cw33.com/news/local/heres-how-many-hours-you-need-to-work-to-afford-rent-in-dallas-and-fort-worth-according-to-smartasset/ | 2022-06-21T14:18:58Z |
DALLAS (KDAF) — If you ever wanted to know what New Orleans coffee tastes like, North Texas has a spot for you; it’s called PJ’s Coffee.
Started in New Orleans back in 1978, this coffee spot is known for its delicious ice coffees, using a special cold-drip process that protects the flavor of the beans without the acidity.
If coffee isn’t your thing they also have other delicious treats including lemonade. Officials from PJ’s sent the Inside DFW crew lemonade, Mandarin Palmer iced tea and frozen lemonade.
They also sell pastries and breakfast sandwiches if you are in need of a morning pick-me-up.
They have five locations across the Dallas-Fort Worth metroplex. You can see where they are located and more by visiting their website. | https://cw33.com/news/inside-dfw/get-the-taste-of-new-orleans-in-north-texas-with-pjs-coffee/ | 2022-09-06T19:35:54Z |
Col. Chad R. Foster, commander of U.S. Army Garrison - Fort Hood, joined by a group of Girls Scouts from Heart of Central Texas Troop 6300 and 20301, signed a proclamation to celebrate the 150th anniversary of Arbor Day at the Fort Hood Pollinator Sanctuary on April 29.
“These proclamations are symbolic and are an expression of our commitment as an installation to these causes,” he said. “It’s about taking care of the environment on which we depend for our lives; and without a good, healthy environment, we can’t train and do what Fort Hood is supposed to do.”
During the ceremony, Foster recognized Tommy Reeder and Reid Lewis from Wild Birds Unlimited for their support of the Fort Hood Adaptive and Integrative Management Team, and presented them with Keep Texas Beautiful coins.
“These two individuals were instrumental in getting this two-acre footprint recognized as a certified wildlife habitat by the National Wildlife Federation,” Foster said. “This coin is a token of our appreciation and it’s on behalf of everybody you impact.”
There are several components to the process that AIM biologists worked through to receive this recognition. Each area submitted to NWF for consideration must provide food, water, cover and a place to raise young for wildlife.
Helping to make a difference for wildlife and educate youth, Foster and the Girl Scouts and their families spread antelope-horns milkweed seeds within the sanctuary’s footprint.
“It is one of the species of milkweeds that monarch caterpillars will consume as they are growing,” Chelsea Plimpton, pollinator biologist, AIM team, said. “We are going to spread the seeds in our grasslands. Hopefully, they will germinate and we will have some food for monarch caterpillars.”
With the help of Foster, 6-year-old Girl Scout Rhea Turzai spread some seeds along the edges of the grasslands.
“We need to be respectful of the environment,” she said. “By helping the butterflies have nectar, we will help the babies grow so caterpillars and monarchs can get some yummy food.”
Angel Pavey, troop leader for Heart of Central Texas Troop 6300 and 20301, coordinated the Girl Scouts participation and emphasized the importance of taking part in events like the Arbor Day celebration.
“All of our girls really love participating in the community events,” she said.” As leaders, it helps keep them connected with their community and impresses upon them the importance of nature and keeping our Earth clean and ecosystems thriving.”
Foster thanked the Girl Scouts for helping to plant for a greener tomorrow.
“You are out here, learning how to be responsible and setting the example for a lot of people who are much older than you,” he said. “They need to follow your example about being responsible, not just with our environment, but with many areas as well. Thank you for what you do.” | https://www.tdtnews.com/life/article_13aac648-d83f-11ec-9bf5-3fb2661db159.html | 2022-05-22T07:39:34Z |
Innovative home builder teams up with revolutionary technology to reduce the threat of structure loss from wildfires
SAN FRANCISCO, June 24, 2022 /PRNewswire/ -- Today, Redhorse Constructors, a custom home builder specializing in green building and renewable energy, announced its partnership with leading wildfire mitigation company Frontline Wildfire Defense. This innovative partnership secures Redhorse's position as the leader in sustainable construction and sophisticated new construction technology.
"Our partnership with Frontline Wildfire Defense will provide our homeowners with the peace of mind that their property has the highest level of protection currently available to mitigate wildfires," said David Warner, Founder of Redhorse Constructors. "We have witnessed too much personal property devastation caused by wildfires and want to empower our homeowners with reliable technology to react to these unpredictable events quickly."
Redhorse uses a unique blend of modern design, innovative construction solutions, and top-of-the-line technology for every project. The company is recognized for its imaginative, innovative, and creative approach and work exceeding traditional construction's limitations. The partnership with Frontline Wildfire Defense reflects the company's recognition of the need to prioritize integrating natural disaster protections into cutting-edge homes while redefining industry standards for new construction in wildfire-prone areas.
"Redhorse is more than a construction company. They are the future of innovative and sustainable building. This partnership will help us further our mission to develop next-generation resilient homes," said Harry Statter, Founder of Frontline Wildfire Defense. "With the expanding threat of a year-round 'wildfire season,' we strive to help safeguard every home located in a high-risk area."
The Frontline Wildfire Defense System integrates seamlessly into Redhorse's new construction. The system is custom-designed to blend into the design of each home, respecting the architectural vision that defines a Redhorse project.
The Frontline system is a digitally connected external sprinkler solution that uses environmentally friendly, biodegradable Class A fire fighting foam to protect homes by creating an environment that is too wet to burn. Combined with the Frontline App (iOS, Android), the system allows homeowners to prepare, monitor, and defend their homes during a wildfire event. The app provides comprehensive wildfire safety information and tracking in near-real-time.
Frontline Wildfire Defense currently serves the communities most vulnerable to wildfire across California and is available for installations in the Bay Area, San Diego, Los Angeles, and the recently announced Tahoe Basin.
At Redhorse the philosophy of green building and sustainable design has been intricately woven into their approach to building since their founding 31 years ago. From the selection of building and finish materials to the design and construction of the mechanical and energy systems, Redhorse can provide solutions that will help reduce the project's impact on the planet, increase energy efficiency, and provide a healthy environment that stands the test of time. https://www.redhorseconstructors.com/
Founded by fire ecologist and technologist Harry Statter in 2017, Frontline Wildfire Defense is committed to protecting homes, families, and communities from wildfire disaster. The Frontline Wildfire Defense System empowers homeowners to prepare for wildfire, monitor fires near their home, and protect their home during a wildfire event with Frontline's exterior sprinkler solution. The Frontline Mobile App, available for free on iOS and Android, provides comprehensive wildfire safety information and immediate evacuation notifications. For more information about Frontline and its new mobile app, visit: www.frontlinewildfire.com.
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SOURCE Frontline Wildfire Defense | https://www.wibw.com/prnewswire/2022/06/24/redhorse-constructors-advance-portfolios-wildfire-protection-by-partnering-with-frontline-wildfire-defense/ | 2022-06-24T10:46:06Z |
The National Weather Service in Tallahassee has issued a
* Flash Flood Warning for...
Northwestern Dougherty County in southwestern Georgia...
Southwestern Lee County in southwestern Georgia...
Southeastern Terrell County in southwestern Georgia...
* Until 630 PM EDT.
* At 427 PM EDT, Doppler radar indicated thunderstorms producing
heavy rain across the warned area. Between 2 and 4 inches of rain
have fallen in the last 2 Hours. Additional rainfall amounts of 1
to 2 inches are possible in the warned area. Flash flooding is
ongoing or expected to begin shortly.
HAZARD...Flash flooding caused by thunderstorms.
SOURCE...Radar.
IMPACT...Flash flooding of small creeks and streams, urban
areas, highways, streets and underpasses as well as
other poor drainage and low-lying areas.
* Some locations that will experience flash flooding include...
Sasser, Armena, Byne Crossroads, Palmyra, Chickasawhatchee and
Forrester.
PRECAUTIONARY/PREPAREDNESS ACTIONS...
Turn around, don't drown when encountering flooded roads. Most flood
deaths occur in vehicles.
&&
FLASH FLOOD...RADAR INDICATED
Constance Wu says she attempted suicide after 'Fresh Off the Boat' tweet backlash
After a nearly three-year break from social media, actress Constance Wu returned to her online platforms on Thursday to share that she attempted suicide in 2019 after a series of poorly received tweets.
The "Hustlers" and "Crazy Rich Asians" actress, whose memoir will be released this fall, wrote that while she was "afraid of coming back on social media because [she] almost lost [her] life from it," she wanted to share her story to start a wider conversation with Asian Americans about mental health.
After her ABC sitcom "Fresh Off the Boat" was renewed for a sixth season in May 2019, Wu appeared distraught by the news, tweeting, "So upset right now that I'm literally crying. Ugh," followed by expletives. She later said that she sent the tweets "on the heels of rough day & were ill timed (with) the news of the show."
But the backlash was swift and severe, Wu said in her new statement on Twitter. Countless users, including some fellow actors, criticized her for seeming ungrateful about the success of her series, which was one of very few sitcoms with an all-Asian cast in central roles. When a fellow Asian actress messaged her and said she had "become a blight on the Asian American community," Wu said she felt like she "didn't deserve to live anymore."
She survived her suicide attempt and paused her acting career to focus on her mental health over the last few years, she said. But she's returning to social media now, she explained, "to share (her) story so that it might help someone with theirs.
"If we want to be seen, really seen ... we need to let all of ourselves be seen, including the parts we're scared of or ashamed of -- parts that, however imperfect, require care and attention," she wrote.
Wu has resumed acting, recently appearing in the Amazon Prime series "The Terminal List" alongside Chris Pratt, and she stars in the upcoming children's film "Lyle, Lyle, Crocodile" with Javier Bardem.
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accounts, the history behind an article. | https://www.albanyherald.com/entertainment/constance-wu-says-she-attempted-suicide-after-fresh-off-the-boat-tweet-backlash/article_d9bc3c81-10e3-5adc-ae6d-260a5c7f049c.html | 2022-07-14T21:49:16Z |
Which ceiling fan is best?
Ceiling fans are the often unappreciated heroes of keeping your home cool in the summer and warm in the winter. They are also more energy-efficient than running your air conditioning and so can keep your energy bill low. All this is on top of being elegant and attractive additions to your home’s aesthetics. Some are even smart home compatible.
The best ceiling fan is the Hunter Fan Company Builder Deluxe Indoor Ceiling Fan. It’s highly effective for a low price and has a set of attractive designs available.
What to know before you buy a ceiling fan
Size
To be as effective as possible, the size of your ceiling fan must be considered against the size of the room.
- For rooms 75 square feet or smaller, your ceiling fan needs to have a blade span of 36 inches or smaller.
- For rooms 75-144 square feet, your ceiling fan needs a blade span of 36 to 42 inches.
- For rooms 144-224 square feet, your ceiling fan needs a blade span of 50 to 56 inches.
- For rooms 224 square feet or larger, your ceiling fan needs to have a blade span of 52 to 62 inches.
Controls
You can control ceiling fans by various systems. The most common method uses pull chains where one chain changes the lighting, if included, and one changes the fan’s speed. Other more modern methods use either wall-mounted panels or remote controls. The most advanced ceiling fans are smart home compatible and can be controlled from your phone or by voice with a compatible AI assistant such as Google Assistant.
What to look for in a quality ceiling fan
Cubic feet of air per minute
Ceiling fans use CFM to measure how much air they can push and pull around the room in one minute. The higher the CFM, the better, as you can adjust your thermostat to save as much energy as possible.
Blade width and pitch
Blades that are wide with high pitch angles are better able to move higher quantities of air. Look for ceiling fans with blades at least 5 inches wide with pitches of 12 to 14 degrees.
Energy Star
Ceiling fans with an Energy Star have to meet a set of standards marking them as energy-efficient and consumer-friendly. These standards are:
- CFM: The lowest speed must have a CFM of 1,250 and the highest speed must have a CFM of 5,000.
- Warranty: The motor must have a 30-year warranty, the light kit must have a two-year warranty and the components must have a one-year warranty.
How much you can expect to spend on a ceiling fan
Ceiling fans typically cost $50-$500. The cheapest fans cost less than $100 but aren’t very effective. You’ll want a $100-$150 fan instead. Larger and better fans typically cost up to $300. The best start around $300 and can cost as much as $1,000 or more.
Ceiling fan FAQ
How exactly does a ceiling fan help your AC run better?
A. It helps by moving cool air around the room in hot months and pushing hot air down during cold months. This means you can set your AC to a different temperature than normal to save a few percentage points on your energy bill for each degree less it has to work.
What’s the difference between indoor and outdoor ceiling fans?
A. They are effectively the same, save for outdoor capable ceiling fans are designed to resist the effects of moisture and humidity. This applies to both the blades and the motor.
What’s the difference between flush and downrod-mounted ceiling fans?
A. Both mounting styles are designed to move air around a room as efficiently as possible depending on the height of the ceiling. Flush-mounted fans are meant for low ceilings, while downrod-mounted fans are for ceilings higher than 8 feet.
What’s the best ceiling fan to buy?
Top ceiling fan
Hunter Fan Company Builder Deluxe Indoor Ceiling Fan
What you need to know: It’s effective, attractive and well priced.
What you’ll love: The Hunter brand is well-respected. It comes in three designs including an all-white model and a lovely brown and silver-accented model. It has a reversible multi-speed fan and pull controls for the fan and the light. Installation can be done at a variety of heights.
What you should consider: It’s compatible with some remotes, but you need to purchase one separately. Some consumers had issues with ticking sounds developing after a few months.
Where to buy: Sold by Amazon and Home Depot
Top ceiling fan for the money
Honeywell Ceiling Fans Carnegie Indoor Ceiling Fan
What you need to know: It’s another well-priced unit but with rustic charm.
What you’ll love: It’s available in three designs, all with rustic flair. It has a three-speed reversible motor that runs quietly, even at full speed. The blades have different finishes on either side, giving you an extra choice in your home decor. It has three mounting options.
What you should consider: Some customers struggled to install it. Others felt the fan doesn’t move enough air. The lightbulbs aren’t shaded, so looking into them can be dangerous.
Where to buy: Sold by Amazon
Worth checking out
Big Ass Fans Haiku L Smart Ceiling Fan
What you need to know: It’s designed to integrate with your smart home fully.
What you’ll love: It’s available in five designs, including all white and all black. It has seven speed settings, an economy mode, time and “whoosh” mode that simulates natural breezes. It’s controllable from an included wall panel, a free app and with voice commands through AI assistants such as Amazon Alexa.
What you should consider: It isn’t as capable of pushing air as non-smart fans and the setup requires a certain degree of tech-savviness. Some purchasers reported app issues.
Where to buy: Sold by Amazon
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Jordan C. Woika writes for BestReviews. BestReviews has helped millions of consumers simplify their purchasing decisions, saving them time and money.
Copyright 2022 BestReviews, a Nexstar company. All rights reserved. | https://cw33.com/reviews/best-ceiling-fan/ | 2022-05-13T11:47:49Z |
Sherri Papini, woman who faked 2016 kidnapping, signs plea deal
By Eric Levenson and Stella Chan, CNN
Sherri Papini, the Northern California woman accused of faking her own kidnapping in 2016, has signed a plea deal and will confess she made up the entire plan, her attorney’s office confirmed to CNN.
“I am deeply ashamed of myself for my behavior and so sorry for the pain I’ve caused my family, my friends, all the good people who needlessly suffered because of my story and those who worked so hard to try to help me,” Papini said in her statement. “I will work the rest of my life to make amends for what I have done.”
Papini, 39, released the statement through her attorney, William Portanova, as first reported by The Sacramento Bee Tuesday.
As CNN previously reported, Papini was reported missing by her husband in November 2016 after she had gone out for a jog near her home in Shasta County. Three weeks later, on Thanksgiving Day, she was found alone on an interstate highway 140 miles from home.
She told police she had been abducted and branded by two women who kept her chained in a closet. She gave an elaborate story of her kidnapping and treatment at the hands of the supposed assailants, whom she said wore masks, spoke Spanish, held her at gunpoint and branded her with a heated tool.
However, according to the Department of Justice, Papini actually stayed with an ex-boyfriend in Southern California during the three weeks she was reportedly missing and received over $30,000 in fraudulent victim assistance money based on the hoax, court documents show. She was charged with making false statements to a federal law enforcement officer and mail fraud.
“We are taking this case in an entirely new direction,” Portanova, a former federal prosecutor, told The Sacramento Bee. “Everything that has happened before today stops today.”
Papini’s plea agreement has been delivered to prosecutors in the US Attorney’s Office in Sacramento, Portanova’s office confirms to CNN.
CNN has reached out to prosecutors for details and timeline on Papini’s case.
The-CNN-Wire
™ & © 2022 Cable News Network, Inc., a WarnerMedia Company. All rights reserved.
CNN’s Elizabeth Joseph contributed to this story. | https://localnews8.com/news/national-world/cnn-national/2022/04/12/sherri-papini-woman-who-faked-2016-kidnapping-signs-plea-deal/ | 2022-04-12T22:55:06Z |
HONG KONG, Aug. 2, 2022 /PRNewswire/ -- GUANGLI team, a high-tech enterprise focusing on consumer-level AR products, just announced the launch of Holoswim 2 - AR Smart Swim Goggles. These innovative tech-powered goggles take swimming into future and are available now on Kickstarter: https://bit.ly/3QePwu2
Designed for smart swimming, Holoswim is an AR-enhanced goggle for swimmers from pros to hobbyists. Training with goals, swimming to get fit, or simply counting laps, with built-in smart sensors and advanced algorithms, Holoswim 2 accurately detect the live metrics of all stroke types and show real-time data on the goggles. The AR data is displayed in a simple and uncluttered way with a transparent OLED holographic display, so users can see their progress as they swim.
Holoswim 2 monitors, displays, and records metrics including distance, time, laps, pace, even calories, heart rate, and more. After swimming, data collected by the goggles syncs to Holoswim App for review and analysis such as SWOLF and pace per 100m to achieve performance improvements and share with friends.
"As swimming enthusiasts ourselves, we have a personal understanding of the benefits of data-driven swim training and goal setting. Heart rate monitors and sports apps are helpful, but we wanted to improve upon that concept by providing real-time information and coaching to swimmers. With the ambitious goal of taking smart glasses underwater, we perfected Holoswim 2 with the latest in-goggle OLED holographic display technology and real-time metrics specific to swimming. Now, swimmers can capture all essential data and monitor performance in real-time to improve technique, boost fitness, and optimize their swimming workouts." Said the GUANGLI CEO.
To avoid fogging, Holoswim 2 adopts anti-fog and mirror coating for better visibility. With a resin-based AR optical module with high light transmittance and a 25° FOV, it gives a broader and more transparent view so that swimmers can clearly see the environment. Holoswim 2 fits everyone and includes 4 interchangeable nose bridges and adjustable FDA-certified silicone straps so the goggles remain comfortable for long swimming sessions. The goggles support magnetic charging and have 4-hour battery life on each charge. In the future, Holoswim 2 is compatible with Apple Watch to share heart rate, GPS, and more.
Holoswim 2 are the most advanced & lightest AR Swim goggles with clearest vision and highest transmittance. It's available now for pre-sale with special price to reward early adopters. Learn more here: https://bit.ly/3QePwu2
About Holoswim
Founded in 2017 in Hangzhou, China, GUANGLI is a leading enterprise in consumer-level AR industry. With a mission to help people around the world to experience and enjoy AR technology, the team created Holoswim 1 and Holoswim 2. GUANGLI will keep exploring applications for AR technology and stimulate the innovation of the AR market.
For more information, visit our:
Official website: https://holoswim.com/
Facebook: https://www.facebook.com/Holoswim
Instagram: https://www.instagram.com/holoswim_/
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SOURCE GUANGLI | https://www.wibw.com/prnewswire/2022/08/02/holoswim-announces-launch-next-generation-ar-smart-swim-goggles/ | 2022-08-02T15:27:25Z |
SAN JOSE, Calif., May 10, 2022 /PRNewswire/ -- Harmonic (NASDAQ: HLIT) today announced that Patrick Harshman, Chief Executive Officer, and Jeremy Rosenberg, Senior Vice President of Business Development, will participate in a fireside chat at the 17th Annual Needham Technology & Media Conference on Monday, May 16, 2022 at 12:45 p.m. PT / 3:45 p.m. ET.
A live video webcast of the fireside chat will be available on Harmonic's website at https://investor.harmonicinc.com/. An archived webcast will remain posted on the company's investor relations website for 90 days.
About Harmonic
Harmonic (NASDAQ: HLIT), the worldwide leader in virtualized cable access and video delivery solutions, enables media companies and service providers to deliver ultra-high-quality video streaming and broadcast services to consumers globally. The company revolutionized cable access networking via the industry's first virtualized cable access solution, enabling cable operators to more flexibly deploy gigabit internet service to consumers' homes and mobile devices. Whether simplifying OTT video delivery via innovative cloud and software platforms, or powering the delivery of gigabit internet cable services, Harmonic is changing the way media companies and service providers monetize live and on-demand content on every screen. More information is available at www.harmonicinc.com.
Harmonic, the Harmonic logo and other Harmonic marks are owned by Harmonic Inc. or its affiliates. All other trademarks referenced herein are the property of their respective owners.
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SOURCE Harmonic Inc. | https://www.mysuncoast.com/prnewswire/2022/05/10/harmonic-participate-17th-annual-needham-technology-amp-media-conference/ | 2022-05-11T03:34:00Z |
NASHVILLE, Tenn., Aug. 5, 2022 /PRNewswire/ -- Nicole Cottrill, FINN Partners' Senior Partner and Health Provider Services Group Lead, has been named one of Medika Life's Women Transforming Healthcare. The prestigious list features 30 must-watch-and-follow global ambassadors who relentlessly work to improve the healthcare system.
Cottrill is credited with guiding US health provider and health plan leaders in addressing the needs of vulnerable patient communities, helping health systems navigate economic challenges and crises and enabling health executives to express thought leadership on critical topics surrounding health equity, innovation and policy.
"As we compiled the list of women making a substantial impact across the healthcare industry, Nicole was a top candidate as a veteran in healthcare communications," said Dr. Robert Turner, Founding Editor, Medika Life. "Her relentless passion to make a difference is improving lives across the globe."
As FINN's leader of the Health Provider Services sector, Cottrill serves as senior counselor for the agency's provider and payer clients including hospitals and health systems, physician practices, long-term and post-acute care providers, and specialists in areas including oncology and behavioral health.
Recognized as US Healthcare Agency of the Year by HITMC and a top four PRovoke Media global healthcare agency, FINN's Health Practice is among the agency's largest and fastest-growing divisions. Nashville, the nation's health services capital, is the southeastern hub for FINN, where Cottrill previously served as Senior Partner and Health Group co-lead. The health industry is Nashville's largest economic driver. Data from Nashville Health Care Council shows that the industry contributes an overall economic benefit of $46.7 billion to the local economy annually and generates more than $92 billion globally. Cottrill has played a major role in developing the reputation and growth of the agency's health team.
Cottrill joined FINN in 2006. She began her career at Case Western Reserve University School of Medicine. In 1999, she joined Boston-based public relations firm Rasky Baerlein Strategic Communications where she rose to vice president, healthcare and science. Honoring her many industry achievements, Cottrill was named one of Nashville Medical News' "Women to Watch" in 2019 and among Nashville Business Journal's Forty Under 40 in 2012.
Founded in 2011 on the core principles of innovation and collaborative partnership, FINN Partners has grown from about $24 million in fees to almost $170 million in fees over ten years, becoming one of the fastest growing independent public relations agencies in the world. The full-service marketing and communications company's record setting pace is a result of organic growth and integrating new companies and new people into the FINN world through a common philosophy. With more than 1,300 professionals across 32 offices, FINN provides clients with global access and capabilities in the Americas, Europe and Asia. FINN Partners clients are also supported through longstanding partner agencies and its membership in the PROI network of leading agencies around the world. Headquartered in New York, FINN has offices in: Atlanta, Bangalore, Beijing, Boston, Chicago, Delhi, Denver, Detroit, Dublin, Fort Lauderdale, Frankfurt, Guam, Hong Kong, Honolulu, Jerusalem, Kuala Lumpur, London, Los Angeles, Manila, Mumbai, Munich, Nashville, Orange County, Paris, Portland, San Francisco, Seattle, Shanghai, Singapore, Vancouver and Washington D.C. Find us at finnpartners.com and follow us on Twitter and Instagram at @finnpartners.
Contact: Karen Orne
615-610-0262
karen.orne@finnpartners.com
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SOURCE FINN Partners | https://www.wibw.com/prnewswire/2022/08/05/finns-nicole-cottrill-named-prestigious-list-women-transforming-healthcare/ | 2022-08-05T18:16:34Z |
HOUSTON, Sept. 8, 2022 /PRNewswire/ -- The Great Place to Work Institute® has ranked Venterra in the #12 spot on their first-ever Best Workplaces in Real Estate recognition, as published by FORTUNE©.
Given that the recognition is the first of its kind from the institute, and that Best Workplaces in Real Estate organizations were selected based on an analysis of survey responses from more than 23,000 team members from Great Place to Work-Certified™ companies in the real estate industry, the award is particularly meaningful. Meeting The Great Place to Work Institute's® "Certified" standard is an honorable distinction on its own, but Venterra's most recent team member survey revealed that the majority, 92% of colleagues, feel Venterra is a great place to work. A number 35% higher than the average U.S. company, this positive feedback provided Venterra the opportunity to be considered for this selective recognition.
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 regardless of race, gender, age, disability status, or any other individual employee aspect or role.
"We're honored to have been named on Great Place to Work's first-ever real estate recognition alongside such reputable leaders in the industry," said Venterra CEO, John Foresi. "Direct feedback from our colleagues and residents continues to be the driver behind our initiatives and innovations, allowing us to make changes when our customers need them most. That, coupled with the care our teams deliver, differentiates us in the space and continues to be noticed outside of the organization."
"The way that our team members embody our Core Values and Employer Promises has resulted in countless amazing experiences for our residents and colleagues portfolio-wide. We are humbled to have colleagues who take pride in their communities, who are validated when their properties are highly rated by current and previous renters, and who strive to create a positive experience for those who choose to call Venterra home. This unique company culture has ultimately led to Venterra being worthy of recognitions like this one," said Venterra Chairman, Andrew Stewart.
"These companies have adapted to the challenges of an ever-changing workplace by their commitment to inclusive, high-trust cultures where employees are treated as human beings first and foremost," says Michael C. Bush, CEO of Great Place to Work. "Congratulations to the Best Workplaces in Real Estate."
The Great Place to Work® Institute has recognized our workplace culture numerous times in the past. In addition to the Best Workplaces in Real Estate award, we've ranked on lists including Best Workplaces for Millennials, Best Workplaces for Women, Best Workplaces for Diversity, Best Workplaces in Canada, Best Workplaces for Today's Youth in Canada, and Best Workplaces in Texas. Take a moment to explore our previous awards and find out more about our latest Great Place to Work® survey results from our company profile.
Founded in 2001, Venterra Realty owns and manages 75 communities and more than 22,000 apartment units across 17 US cities that provide housing to over 39,000 people and 12,000 pets. The organization has completed approximately $8.7 billion in real estate transactions and currently manages a portfolio of multi-family real estate assets valued at over $4.7 billion. Venterra is committed to improving the lives of its residents by delivering industry-leading customer experience. Find out more about Venterra Realty and its award-winning company culture at Venterra.com.
Media Contact:
Allie Foard
Communications Manager & Brand Specialist
Venterramedia@venterraliving.com
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SOURCE Venterra Realty | https://www.mysuncoast.com/prnewswire/2022/09/08/venterra-named-one-best-workplaces-real-estate-by-great-place-work/ | 2022-09-08T16:55:44Z |
Temporary drainage structures near US-75 construction causing flooding, leaving drivers stalled
SHERMAN, Texas (KXII) - Roadways, especially near US Highway 75, flooded Sunday night while rain created nightmare conditions for drivers.
“I was surprised because I know they just added that extra service road there for the highway, so I figured there would be better water mitigation, but it was pretty severe flooding,” said Dylan Hair, who captured the moment cars tried to plow through a flooded service road on US 75 near Center Street.
According to the city, the construction on Highway 75 is actually more a part of the problem rather than the solution Hair hoped for.
The city installed alternate flood control structures while construction crews work on the highway.
“We got a lot of rain in a short amount of time in the city, so it kind of overwhelmed these temporary drainage structures,” said Sherman Mayor David Plyler.
Grayson County reported anywhere from two to five inches of rain.
Sherman Fire Rescue said it helped several stalled motorists get to dry land and the police department relied on wreckers to pull cars out of flooded roadways.
“If anything it’s gotten a little worse here lately,” said Hair. “It’s very dangerous to drive between those barriers whenever it’s raining. They flood quickly.”
It won’t be another few years until Sherman can finally drain its flooding problem.
“We’re just working hard to get 75 finished, and hopefully, it’ll unblock some of those traditionally flooding areas, and we can chart a new path forward,” said Plyler.
If Sunday’s storm is a reminder of anything, officials warn to turn around, don’t drown.
It only takes a small amount of flowing water to move a vehicle.
Copyright 2022 KXII. All rights reserved. | https://www.kxii.com/2022/04/25/temporary-drainage-structures-near-us-75-construction-causing-flooding-leaving-drivers-stalled/ | 2022-04-26T00:20:40Z |
Government imposter scams cost consumers $445 million last year
Scammers offering access to grants for upfront fees
InvestigateTV - Scammers are using the promise of federal grants to target unknowing consumers, and according to the Better Business Bureau and the Federal Trade Commission, it cost consumers $445 million in 2021.
Aletta McGriggs was one of the many victims. The scam started when she said an old high school friend contacted her on Facebook. Only it wasn’t her friend, it was a scammer on a fake account trying to lure her in with the promise of a $30,000 government grant.
“I think it’s horrible actually. It’s beyond sad!” McGriggs said.
McGriggs said she felt something was off in her first conversation with the supposed grant representative, but she filled out the application anyway.
The scammer then asked for a $500 “case file” fee.”
So I asked him, okay, well that’s odd because you shouldn’t have to pay anything for a grant,” McGriggs said. “And he said, ‘This is a file, this is just a file to keep your case confidential and to yourself.”
She said she was then sent a copy of a “certificate” filled out with her name. Then came a request for more money, this time a $324 delivery fee.
“I ended up sending it and I borrowed it from my son,” McGriggs said. “That’s what really broke me.”
She said the delivery never came, and when she finally got in touch with the scammer, they asked for almost $4,000 more for taxes.
McGriggs said that’s when she knew she had been scammed.
Josh Planos, Vice President of Communications and Public Relations for the Better Business Bureau, said McGriggs isn’t alone. A 2020 BBB report showed more that 44% of Americans have encountered a government imposter scam.
“The digital age is certainly making it easier to scale your operation if you’re a scammer,” Planos said.
What can you do to protect yourself? Plano suggested looking up any agency making an offer and double checking to insure they are the same entity. He said doing due diligence up front can save you from playing clean up duty on the back.
The BBB regularly releases scam alerts. You can contact them online if you are wary of an offer. You can also report scams to their scam tracker tool to help prevent others from becoming victims.
Copyright 2022 Gray Media Group, Inc. All rights reserved. | https://www.kxii.com/2022/07/20/government-imposter-scams-cost-consumers-445-million-last-year/ | 2022-07-20T20:48:29Z |
NEW YORK, July 18, 2022 /PRNewswire/ -- MikeWorldWide, a leading independent and integrated public relations agency, announced today that Gina Cherwin, who joined the firm in 2013 and served as EVP & Chief People Officer since 2016, has been promoted to the role of Chief Operating Officer. In this newly created position, Cherwin will maintain CPO responsibilities of leading the firm's focus on culture and talent strategy, while adding all international operations, resource planning and forecasting, real estate and facilities management, and acquisition integrations. Cherwin will continue to serve on the firm's executive committee, responsible for establishing policies that promote company culture and vision through operations to maximize growth and profitability while managing risk.
"Soon after Gina joined MikeWorldWide, she became a heartbeat of our agency and an incredible champion for our culture. Many organizations talk about its importance, but Gina has successfully operationalized our culture, elevating our purpose and values to a strategic function and a competitive differentiator," said Michael W. Kempner, Founder and CEO of MikeWorldWide. "Gina and I will continue to collaborate to ensure that our people remain at the center of our decision-making and reinforce our position as the agency where top talent and top brands want to be."
As Chief People Officer, Cherwin was instrumental in leading the agency through the pandemic and the transition to remote and hybrid work, while preserving the people-first, client-centric ethos that has been the hallmark of MWW since its inception. Cherwin has also been the executive sponsor of MikeWorldWide's DEI efforts and spearheaded the development of the firm's industry-leading benefits, which include 12 weeks of fully paid parental leave for all parents, unlimited PTO, and free online therapy for all employees and dependents. Cherwin has stewarded the firm's leadership in all aspects of mental well-being, including the addition of seven paid holidays per year as agency-wide mental health days and company sponsored mental health and wellness stipends. Her innovative approach to benefits design is also reflected in MWW's "Pre PTO" policy, which offers new hires a week of paid time off prior to starting at the firm to ensure a true reset and refresh between jobs. These programs are operational reflections of MWW's "Caring Counts" philosophy and have led to industry-leading staff and client retention.
"Human Capital isn't just part of the PR business, it is the entire business," commented Cherwin. "I am proud to work at an agency with such an incredible track record of promoting from within, and alongside Michael Kempner, who has always given me the latitude to innovate and re-imagine how culture and HR can be a catalyst for growth. This is truly an agency that encourages people to pursue their passions and chart their own course. "
Cherwin continued, "The past two years have demonstrated that things we never thought possible can be done well if you allow your organization to lead with its values. Our industry is at an inflection point; what brought agencies this far will not propel us to the future. As we continue to reimagine and re-think legacy ideas and systems, I look forward to continuing to ensure that strategy, operations and people come together in a way that creates value for our clients and opportunity for our people."
Cherwin was honored this year as one of the Top Women in Communications by PR Daily and Ragan Communications.
To learn more about MWW current professional career opportunities, visit LinkedIn.
MikeWorldWide is a leading independent, integrated public relations agency serving global clients across the US & Europe. It employs more than 225 communications experts that live at the intersection of consumer brand marketing, technology and corporate reputation. The award-winning firm applies its expertise and culture of caring through research, strategy, creativity, empathy, and insight for clients to maximize the potential of every marketing channel. It delivers breakthrough communications for the global enterprises, corporate leaders and innovative brands who are driving the creative economy. Open positions at MWW can be found here. To learn more about MikeWorldWide, visit mww.com.
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SOURCE MikeWorldWide | https://www.wibw.com/prnewswire/2022/07/18/mikeworldwide-elevates-gina-cherwin-chief-operating-officer-further-integrating-talent-culture-with-all-aspects-agency-operations/ | 2022-07-18T14:52:26Z |
TOCCOA, Ga. (AP) — When Georgia Gov. Brian Kemp made one of his first general election campaign swings in August, he went straight to the modern heartland of the state’s Republican Party.
It wasn’t Buckhead, the glitzy Atlanta neighborhood where Kemp lives in a governor’s mansion dwarfed by other nearby estates. And it wasn’t suburban Cobb County, once the bastion of Newt Gingrich.
Instead, Kemp kept going north, deep into the Georgia mountains that have become one of the most Republican areas in the country over the last three decades. He stopped at a gas station turned coffee shop in Toccoa to urge people to “turn out an even bigger vote here in this county and in northeast Georgia than we’ve ever seen before.”
“Ask your kids, your grandkids, your friend’s kid, are they registered to vote?” Kemp told attendees. “If they’re eligible, and they’re not, we got to get them registered, and we’ve got to go tell them to pull it for the home team.”
The emphasis on this rural region represents a notable shift in the GOP’s strategy in Georgia. The party grew into a powerhouse in Georgia once it began combining a strong performance in the Atlanta suburbs with growing dominance in rural areas. But that coalition has frayed in recent years as voters in the booming Atlanta region rejected the GOP under former President Donald Trump, turning this onetime Republican stronghold into the South’s premier swing state.
A 41-county region, including some distant Atlanta suburbs encroaching into north Georgia, now has as many GOP voters as the core of metro Atlanta, according to an analysis by The Associated Press. Those changing dynamics have intensified pressure on Kemp to maintain — or strengthen — his support in rural mountainous communities like Toccoa to offset losses closer to the capital city.
“The party … in terms of understanding where they’re going to get votes, understands that now they need those votes in north Georgia to compensate for their losses in the suburbs,” said Bernard Fraga, an Emory University political scientist.
Kemp won the governor’s office in 2018 by defeating Democrat Stacey Abrams by just 1.4 percentage points. As the two wage a rematch for the post this year, early summer polling found a close race, with some suggesting Kemp has a narrow advantage.
But his reliance on voters like those in Toccoa is driving the party further to the right.
In a diversifying state, north Georgia is overwhelmingly white. While Democrats attack and Republicans fret over abortion restrictions in the suburbs, there’s little public wavering in the mountains. Voters love guns so much that they cut out the middleman and chose gun dealer Andrew Clyde as one of north Georgia’s two very Trumpy members of Congress. The other member? Marjorie Taylor Greene.
“It reflects a lot of the country right now, in the sense that it’s very populist, very close to the vest, very isolated in the sense of distrust of government, very strong-willed, mountain Appalachian-type individuals that are very self sufficient,” said former Rep. Doug Collins, the Republican who preceded Clyde in representing northeast Georgia’s 9th Congressional District.
Kathy Petrella, a Clarkesville retiree who was visiting the state Department of Driver Services in early September in Toccoa, said she’s a “true blue conservative.”
“It means I don’t believe in the government telling me anything I have to do, except law and order,” said Petrella, who cites her Christian faith as an important anchor of her political affiliation and fears a decline into “communism.”
Lee MacAulay of the north Georgia town of Cleveland, also visiting Toccoa, said she believes Trump won the 2020 election and calls President Joe Biden “a ridiculous joke” and “an idiot.”
“I was a Trumper,” MacAulay said. “I am a Trumper.”
She discounts the idea that lingering doubts about the 2020 election will suppress turnout as they appeared to do in the 2021 Senate runoff elections, when victories by Democrats Raphael Warnock and Jon Ossoff gave their party control of Congress. MacAulay said she believes many neighbors are eager to vote for Republicans this year, “but we need everybody.”
Jay Doss, a Toccoa lawyer, said he feels “working-class people are benefited more by the conservative party” and that “I just feel that less government is better for everybody.”
There was once another conservative tradition in north Georgia — in the Democratic Party. While there were always some Republicans, a legacy of white mountaineers who backed the Union over the Confederacy in the Civil War, they won few elections.
“It used to be slap Democrat. If you ran Republican, you could not get elected. Now, if you run Democrat, you ain’t got a chance much of getting elected,” said Stephens County Commissioner Dennis Bell, a Republican who owns Currahee Station, the coffee shop where Kemp campaigned in Toccoa.
That Democratic lineage, nourished by the 1930s-era New Deal, produced former Gov. Zell Miller, a proud son of the mountains and titan of Georgia Democratic politics a generation ago.
Miller rode high in the 1990s as a Democrat who combatted crime and overhauled welfare, while creating lottery-funded college scholarships. Miller even squeaked out a reelection victory in the 1994 “Republican Revolution” that vaulted Gingrich to U.S. House speaker.
That year, Miller actually lost his home region to Republican Guy Millner, a self-financed millionaire businessman. But Miller lost by fewer than 4,000 votes across north Georgia, and Millner’s strength in suburban Atlanta wasn’t enough, leaving the Republican 32,000 votes short statewide.
By 2004, as a U.S. senator, Miller was giving the keynote speech at the Republican National Convention that renominated George W. Bush. By then, Miller had written “A National Party No More,” a book that blamed his own party for abandoning Southern conservative Democrats.
“Obviously, southerners believe the national Democratic Party does not share their values,” Miller wrote in the 2003 book. “They do not trust the national party with their money or the security of the country.”
North Georgia was 19% of Millner’s vote in 1994. It was 26% of Kemp’s vote in 2018. Some of that is due to population growth, but reflects a partisan shift to Republicans. Millner won less than 51% of the vote in the region. Kemp won almost 72%.
Democrats, enduring steep decline, grew demoralized. June Krise, who then chaired the Democratic Party in north Georgia’s White County, remembers crying when the county probate judge, clerk of court and sheriff all switched to run as Republicans.
“’If we don’t switch, we will lose because the Republicans are going to run somebody against us,’” Krise remembers the men telling her. “And guess why they were going to lose. Barack Obama was the Democratic nominee for president.”
Republicans say formerly Democratic voters gravitated to their party because of cultural issues, but those who study the electorate note white voters are much more likely to be Republican, and Appalachia made a hard turn against Obama, the nation’s first Black president.
“The Republican Party has now started organizing itself, I think, to be more in line with the white people who are there — more rural, less urban-interested, even less suburban-interested, in terms of the state party,” Fraga said. “And that’s looks more like North Georgia in a lot of ways.”
Fraga sees the split in the Georgia Republican Party over Trump’s attempt to overturn Joe Biden’s 2020 presidential victory in Georgia in part as a conflict between suburban and rural. Suburban-identified politicians including Secretary of State Brad Raffensperger were willing to oppose Trump, Fraga said, while Republicans representing more rural areas, such as Greene, were “on the Trump train.”
Democrats have been trying to rebuild. Mike Maley, a Toccoa pediatrician who chairs the Stephens County Democratic Party, says just getting people on the ballot helps get the message out.
“I have hope for our community,” Maley said. “I feel like we can make a difference and this is worth fighting for.”
Democrats note that even if they’re not going to win in places like Stephens County, where more than 80% of voters chose Kemp in 2018 and Trump in 2020, each additional vote counts in Georgia’s ultra-close statewide elections. That’s what brought Abrams to the mountain town of Clayton on July 28.
“Why would you go there?” Abrams told Rabun County Democrats she was asked about her trip. “Because counties don’t vote, people do.”
Abrams’ strategy is simple. Get more Democrats to vote across the state, backed up by a campaign that sometimes seems focused more on rural areas than her home turf of Atlanta.
“We’ve got to boost turnout dramatically across the board,” Abrams said that day. “But we’ve already seen it’s possible.”
But many voters, like Bell, will be looking to Kemp and other Republicans. The Stephens County commissioner says Democrats are “going way too far to the left” and says debt, spending and restrictions on oil and gas drilling make a GOP vote in north Georgia “a no-brainer.”
___
Follow AP for full coverage of the midterms at https://apnews.com/hub/2022-midterm-elections and on Twitter at https://twitter.com/ap_politics | https://cw33.com/news/politics/ap-politics/ap-georgias-shifting-politics-force-gop-to-look-beyond-atlanta/ | 2022-09-12T15:53:00Z |
A massive 7.6 earthquake struck Papua New Guinea on Sunday.
The quake, with a depth of 90 kilometers (roughly 56 miles), struck near the town of Kainantu Sunday morning, the United States Geological Survey reported.
The town has a population of roughly 8,500 people.
The US National Tsunami Warning Center said there was no threat of tsunami waves. Earlier in the day it had said hazardous tsunami waves were possible within 1,000 kilometers (roughly 621 miles) along the coasts of Papua New Guinea and Indonesia.
CORRECTION: An earlier version of this story quoted the Australian Red Cross as saying at least 16 people had been killed. The Red Cross has confirmed that death toll is incorrect, and related to a statement concerning a previous earthquake in Papua New Guinea that was mistakenly circulated.
Stacker compiled a list of stories behind the Trail of Tears for each of the nine states it passed through based on news, tribal histories, and government reports. Click for more.
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Indicted Colorado clerk will remain free after Vegas trip
DENVER (AP) — An indicted Colorado clerk who has become a hero to election conspiracy theorists will remain free on bond but will have to get court permission before traveling out of state, a judge ruled Friday.
Judge Matthew Barrett canceled an arrest warrant for Mesa County Clerk Tina Peters he issued after she traveled by private plane to Las Vegas on Monday to speak at a sheriffs’ conference just hours after he ruled she could not leave Colorado. The flight on a private plane was also a day before Peters had previously told her lawyers she planned to leave.
Peters’ lead lawyer, Harvey Steinberg, said he did not learn of the order barring travel until after Peters left because his personal assistant, whom he relies on to open digital court filings, was out of town.
Barrett said it was “unfathomable” that no one told Peters about the order even though she has three lawyers. He noted that records show one of them opened the order shortly after it was issued.
Steinberg said he is the only lawyer on the team responsible for talking to Peters, who has appeared regularly with prominent allies of former President Donald Trump who claim without evidence that the 2020 election was stolen from him.
Peters lost a bid to become the Republican candidate for Colorado secretary of state in last month’s primary election. During her campaign, she was allowed to travel outside Colorado after filing a notice with the court. Now that the campaign is over, Barrett said she must file a motion to travel out of Colorado and wait for it to be approved before she can leave, noting that she was a flight risk because she had access to resources including private jets.
“You leave one minute before you tell me you are going to leave, that’s a violation of your bond,” he said.
Prosecutors learned Peters was in Las Vegas after seeing a letter she sent requesting a recount in her race that was notarized in Las Vegas on Tuesday and asked for her bond to be revoked. Barrett granted their request but noted Friday they could have contacted Peters’ lawyers after finding out she was at the sheriffs’ conference, where she spoke publicly during a livestreamed appearance, to help resolve the situation.
“It’s not like she got on a plane and disappeared,” he said.
According to court documents, Peters is accused of working with two employees in her office to allow an unauthorized person to make a copy of the county’s election equipment hard drive during an update last year.
Peters is charged with three counts of attempting to influence a public servant, criminal impersonation, two counts of conspiracy to commit criminal impersonation, one count of identity theft, first-degree official misconduct, violation of duty and failing to comply with the secretary of state.
She has denied wrongdoing and called the charges politically motivated.
Copyright 2022 The Associated Press. All rights reserved. | https://www.mysuncoast.com/2022/07/15/indicted-colorado-clerk-will-remain-free-after-vegas-trip/ | 2022-07-16T00:14:10Z |
Woman arrested with $1.4M worth of fentanyl pills, deputies say
Published: Apr. 15, 2022 at 9:25 PM CDT|Updated: 20 hours ago
TUCSON, Ariz. (Gray News) - Authorities in Arizona arrested a woman with thousands of synthetic opioid pills in her possession during a traffic stop on Thursday.
The Pima County Sheriff’s Department reports detectives with the Border Interdiction Unit conducted a traffic stop near Interstate 10. And during the stop, officers said they found about 371,000 fentanyl pills.
The driver of the vehicle was identified as 47-year-old Imelda Carter. The sheriff’s department said Carter was turned over to federal authorities for further investigation and was eventually booked on multiple felonies.
According to deputies, the pills recovered have an estimated street value of $1.4 million.
Copyright 2022 Gray Media Group, Inc. All rights reserved. | https://www.kxii.com/2022/04/16/woman-arrested-with-14m-worth-fentanyl-pills-police-say/ | 2022-04-16T23:14:11Z |
CHICAGO, May 5, 2022 /PRNewswire/ -- Jones Lang LaSalle Incorporated (NYSE: JLL) announced today that Karen Brennan, the company's Chief Financial Officer, will participate in investor meetings as part of the Wolfe Research Virtual Broker Conference on Tuesday, May 10, 2022. Additional members of JLL's leadership team will participate in commercial real estate panels during the conference.
Additional details and a live audio webcast of the commercial real estate panels can be found in the Investor Relations section of JLL's website at ir.jll.com. An audio replay of the webcast panels will be posted within 24 hours of the live event and will be available for 180 days thereafter.
For further information, please contact JLL's Investor Relations department at: JLLInvestorRelations@am.jll.com.
About JLL
JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. JLL shapes the future of real estate for a better world by using the most advanced technology to create rewarding opportunities, amazing spaces and sustainable real estate solutions for our clients, our people and our communities. JLL is a Fortune 500 company with annual revenue of $19.4 billion, operations in over 80 countries and a global workforce of more than 98,000 as of December 31, 2021. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit ir.jll.com.
Connect with us
https://www.linkedin.com/company/jll
https://www.facebook.com/jll
https://twitter.com/jll
https://www.instagram.com/jll
Contact: Gayle Kantro
Phone: +1 312 228 2795
Email: Gayle.Kantro@am.jll.com
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SOURCE JLL-IR | https://www.wibw.com/prnewswire/2022/05/05/jll-participate-wolfe-research-virtual-broker-conference/ | 2022-05-05T17:02:33Z |
NEW YORK, June 7, 2022 /PRNewswire/ -- Nuveen Global Cities REIT, Inc. ("GCREIT") announced that its 2022 Annual Meeting of Stockholders (the "Annual Meeting"), held on June 1, 2022 at 9:00 a.m. Eastern Time, was convened and adjourned without any business being conducted, due to lack of the required quorum.
The Annual Meeting will reconvene virtually on July 28, 2022 at 9:00 a.m. Eastern Time to provide its stockholders additional time to vote on the proposals described in the proxy statement filed with the Securities and Exchange Commission on April 19, 2022. No changes have been made in the proposals to be voted on by stockholders at the Annual Meeting. Stockholders will be able to attend the reconvened Annual Meeting via a live audio webcast by visiting meetnow.global/M5QGKDR and logging on to the webcast with their control number (the 14-digit control number found in the shaded box of their proxy card).
The record date for determining stockholder eligibility to vote at the Annual Meeting will remain the close of business on April 2, 2022. Proxies previously submitted will be voted at the Annual Meeting unless properly revoked, and stockholders who have already submitted a proxy or otherwise voted need not take any action.
GCREIT's Board of Directors unanimously recommends that stockholders vote "FOR" all proposals.
About Nuveen
Nuveen, the investment manager of TIAA, offers a comprehensive range of outcome-focused investment solutions designed to secure the long-term financial goals of institutional and individual investors. Nuveen has $1.2 trillion in assets under management as of 31 Mar 2022 and operations in 27 countries. Its investment specialists offer deep expertise across a comprehensive range of traditional and alternative investments through a wide array of vehicles and customized strategies. For more information, please visit www.nuveen.com.
Additional information and where to find it. In connection with the Company's 2022 Annual Meeting of Stockholders, the Company has filed relevant materials with the U.S. Securities and Exchange Commission (the "SEC"), including the Company's definitive proxy statement on Schedule 14A (the "Proxy Statement"). This letter is not a substitute for the Proxy Statement or any other document that the Company may file with the SEC or send to its stockholders in connection with its Annual Meeting of Stockholders. BEFORE MAKING ANY VOTING DECISION, STOCKHOLDERS OF THE COMPANY ARE URGED TO READ ALL RELEVANT DOCUMENTS FILED WITH THE SEC, INCLUDING THE PROXY STATEMENT, BECAUSE THEY CONTAIN IMPORTANT INFORMATION ABOUT THE ANNUAL MEETING OF STOCKHOLDERS. Stockholders will be able to obtain the documents free of charge at the SEC's website, http://www.sec.gov.
Forward-Looking Statements
Certain information contained in this press release constitutes "forward-looking statements" within the meaning of the federal securities laws and the Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by the use of forward-looking terminology or the negatives thereof. These may include GCREIT's financial projections and estimates and their underlying assumptions, statements about plans, objectives and expectations with respect to future operations, and statements regarding future performance. Such forward-looking statements are inherently uncertain and there are or may be important factors that could cause actual outcomes or results to differ materially from those indicated in such statements. GCREIT believes these factors include, but are not limited to, those described under the section entitled "Risk Factors" in its annual report for the most recent fiscal year, and any updated risk factors included in its periodic filings with the Securities and Exchange Commission (the "SEC"), which are accessible on the SEC's website at www.sec.gov. Except as otherwise required by federal securities laws, GCREIT undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future developments or otherwise.
This press release is not an offer to sell any securities.
Nuveen Real Estate is a real estate investment management holding company owned by Teachers Insurance and Annuity Association of America (TIAA).
Contact:
Rebecca Vignali
Nuveen Media Relations
703.505.7954
rebecca.vignali@nuveen.com
VPS-2231593PR-O0622X
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SOURCE Nuveen | https://www.kxii.com/prnewswire/2022/06/07/nuveen-global-cities-reit-announces-postponement-annual-meeting-stockholders/ | 2022-06-07T20:52:35Z |
Collect and connect with four striking new Digivices!
IRVINE, Calif., May 23, 2022 /PRNewswire/ - Digimon, the virtual pet that ended up spawning an entire franchise, is coming out with new eye-catching styles in the upcoming fourth wave of Digimon Original devices for the first time in nearly a year.
The timeless Digimon play pattern of hatch, raise, train, and battle, has transformed gamers into collectors as the world of Digital Monsters has evolved into a fan-favorite arena of play. The original Digimon devices got a celebratory upgrade last year for the brand's 24th anniversary, and now four new devices will add to fan's extensive collection.
Starting today, Digimon fans can level up their fandom by pre-ordering the four new devices: Tie-dye, Original Dino color, Dark camouflage, and Ice camouflage on Amazon. Fans will be able to battle this new wave of Digivices when they are released in July.
"Digimon fans have proven that the collectibility of these devices are just as exciting as the battling play pattern, and we're happy to expand the line with a bold collection of new designs," said Selah Estrada, Senior Brand Strategy Marketing Manager, Bandai Namco Toys & Collectibles America.
Stay tuned for more Digimon updates as the line continues to evolve alongside the fans who have turned a virtual pet into an entire world of play.
Digimon Original (Original Dino color/Tie-dye/Dark camouflage/Ice camouflage) features:
● The original virtual monster you loved in the '90s is back!
● Feed, provide medical attention, and train your digital monster to battle
● Activate the exclusive dock 'n rock feature allowing you to battle against your friend's Digimon
● Age grade: 8+
● Price: $19.99
● Battery (CR2032 3V) included
● No Wi-Fi needed
For more information, please visit www.bandai.com
About Bandai Namco Toys & Collectibles America Inc.
Bandai Namco Toys & Collectibles America Inc. exists to share dreams, fun and inspiration with people around the world. Connecting people and societies in the enjoyment of uniquely entertaining products and services, we're working to create a brighter future for everyone. A leader in developing engaging, quality toys that capture children's and collector's imaginative spirit and provide endless "Fun For All into the Future," Bandai Namco Toys & Collectibles America Inc. is the manufacturer and master toy licensee of some of the most popular brands in children's toys, pop culture figures and interactive entertainment today. The Bandai Namco Toys & Collectibles America Inc. brand family includes PAC-MAN®, Gundam, Dragon Ball®, Anime Heroes™, Bandai Hobby Model Kits, Tamashii Nations, DIGIMON® and Tamagotchi®, among other toys and hobby product lines. The company is headquartered in Irvine, California. Find out more about our expertise in connecting with kids in fun and fresh ways at www.bandai.com.
All other trademarks are the property of their respective owners.
Bandai logo: TM & © 2022 Bandai Namco
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SOURCE Bandai Namco Toys & Collectibles America Inc. | https://www.mysuncoast.com/prnewswire/2022/05/23/upgrade-your-battle-armor-with-new-digimon-devices/ | 2022-05-23T14:05:28Z |
MADISON, Wis., July 19, 2022 /PRNewswire/ -- Nordic Consulting, an award-winning global health and technology consulting company, today announced that its Information Security Management System (ISMS) has received certification for compliance with ISO/IEC 27001:2013 standards.
ISO/IEC 27001:2013 is an information security standard published by the International Organization for Standardization (ISO), the world's largest developer of voluntary international standards, and the International Electrotechnical Commission (IEC). Nordic's certification was issued by A-LIGN, an independent and accredited certification body based in the United States on successful completion of a formal audit process.
This certification stipulates the requirements for establishing, implementing, maintaining and continually improving an information security management system within the context of Nordic. It also includes requirements for the assessment and treatment of information security risks tailored to the needs of the organization.
"Nordic takes threats to the confidentiality, integrity, and availability of our data as well as that of our clients' data very seriously," said Jeff Buss, Chief Information Officer for Nordic Consulting. "This certification demonstrates Nordic's continued commitment to information security globally and provides an independent third-party validation that our information security management system meets the high standards required for the ISO 27001 certification."
This certification reflects Nordic's steadfastness to achieve key security certifications of its products and its facilities. In February 2022, Nordic received certification from HITRUST via the Risk-Based 2-year validation process, which demonstrated that Nordic's platform hosted in the Microsoft Azure Cloud platform, as well as its headquarters in Madison, Wisconsin, has met key regulations and industry-defined requirements and is appropriately managing risk.
Nordic is an award-winning global health and technology consulting company that partners with health leaders around the world to create healthier systems, businesses, and people. Together, our global team of more than 1,900 professionals brings decades of experience across our key focus areas of strategic advisory, digital and cloud initiatives, implementation and support, and enterprise technology transformation. Nordic and its network of companies, including Bails, Healthtech, and S&P Consultants, support more than 600 clients in their efforts to harness the power of technology on a global scale. Learn more at Nordicglobal.com.
Media Contact:
Tracee Larson
Allison+Partners for Nordic Consulting
NordicConsulting@allisonpr.com
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SOURCE Nordic Consulting | https://www.kxii.com/prnewswire/2022/07/19/nordic-consulting-achieves-iso-27001-certification/ | 2022-07-19T13:45:26Z |
Which miniature microwaves are best?
Miniature microwaves are the perfect addition to a recreational vehicle, dormitory room, den or other small space. They’re compact enough to fit nearly anywhere but are still powerful enough to do the same things a regular microwave does. The best miniature microwaves also come with many — or all — of the same features as standard-sized ones, so you don’t have to sacrifice performance or capability for size.
Size
Most miniature microwaves have the following dimensions:
- 10 to 12 inches high
- 15 to 18 inches wide
- 12 to 16 inches deep
Standard over-the-range microwaves, meanwhile, usually have the following dimensions:
- 17 inches high
- 30 inches wide
- 15 to 18 inches deep
Even the smallest, most compact microwaves can typically fit one standard dinner plate, bowl or mug at a time. However, these appliances can’t hold several or oversized dishes at once.
Types
The three main types of microwaves are:
- Countertop: The most versatile option, countertop microwaves come in sizes ranging from around 15 to 30 inches in width. They can fit on the counter or even inside of a standard-sized kitchen cabinet. Most are also between 10 and 17 inches high.
- Over-the-range: Most over-the-range appliances are larger since they’re designed to match the width of the cooking range below. However, there are a few more compact or medium-sized ones.
- Built-in: Built-in microwaves are similar to over-the-range models, but they’re designed to run flush with the cabinets around them. Because of this, they don’t always fit the dimensions of a standard oven or range. Instead, they use the same dimensions as most cabinets. There are some miniature microwaves for smaller kitchens.
Color and design
Regardless of size, most of these miniature appliances are sleek and modern-looking. Many models consist of stainless steel or other types of sheet metal, giving them a metallic look. Some are made with porcelain enamel.
Popular colors include:
- Black
- White
- Silver
- Gray
- Red
- Blue
- Yellow
- Green
In terms of shape, most miniature microwaves are rectangular with a square or rectangular screen. Some have a rounder screen or edges instead, which can complement a smaller or softer space.
Similar to standard microwaves, miniature versions usually come with a turntable that rotates to ensure the food heats up evenly. A few models have small adjustable racks.
Features
Even though it’s miniature, these appliances usually have the same functions and buttons as their standard counterparts, including:
- Preset cooking times: These buttons let you cook or heat specific dishes, such as pizza or popcorn, without having to worry about setting the precise time.
- Power controls: This lets you change the amount of power being used to cook or prepare food. For example, you can use 50% power to lightly simmer a dish, or you can set it to 100% for quick meal prep.
- Timer setting: This setting can be used to time whatever you’re preparing, whether it’s on the stove or in the oven.
- Quick cooking: These buttons require the press of a button to start cooking or heating something quickly. This is useful if the food presets don’t include a specific dish. You can also use it to add 30 to 60 seconds at a time to the current timer.
- Stage cooking: This feature lets the microwave cook specific foods at different stages. For instance, it could defrost or brown meat for a few minutes before you start cooking it on the stove or in the oven. Most microwaves come with three to five stages.
- Automatic sensor: An automatic sensor can measure the steam within the appliance to determine when it should turn off. This negates the need for a timer when heating or cooking food.
Power
When it comes to power, microwave ovens are measured in watts. For example:
- Most standard models range from around 800 to 1,000 watts.
- Compact or miniature ones usually have between 600 and 800 watts.
- Commercial microwaves have about 1,000 watts.
- Energy-efficient microwaves range from around 700 to 1,000 watts.
The higher the wattage, the more effective the appliance can cook or heat your food. However, more power can also use more energy.
Best miniature microwaves
Commercial Chef Countertop Microwave Oven
This compact microwave fits on most countertops and is ideal for smaller spaces. It comes with push-button controls, such as a defrost and preset timer settings, or rotary controls, depending on the size. It also has an LED display. Sold by Amazon
Winia WOR07R3ZEM Retro Microwave
This colorful, retro-style microwave has 700 watts and is very compact. It has a digital readout and comes with five cooking presets with five adjustable power levels. It also has a standby mode and will turn off after a few minutes of inactivity. Sold by Amazon
Magic Chef Countertop Microwave
With 10 power levels and a 30-second express cooking button, this compact microwave easily fits on the countertop. It is just over 17 inches wide and uses 700 watts of power. The glass turntable is large enough to fit standard dinnerware and smaller dishes. Sold by Home Depot
Black and Decker EM720CB7 Digital Microwave Oven with Turntable
This miniature microwave has a full set of features, including pre-programmed buttons for frozen vegetables, drinks, potatoes, popcorn and pizza. It also has a good-sized LED display and is easy to use. It comes with a child-safety lock and a push-button latch instead of a handle. Sold by Amazon
Cuisinart Countertop Microwave
This sleek, stainless steel appliance has eight preset settings, two defrost functions and 10 power levels. It has a 12-inch glass turntable and uses 1,000 watts of power for optimal cooking and heating. Sold by Home Depot
RCA Countertop Microwave in Black
With such features as express cooking and defrost, this 700-watt miniature microwave is ideal for kitchenettes, dorm rooms and other small areas. It has a simple design that includes a digital clock and timer. It also has 10 power levels and can evenly heat food. Sold by Home Depot
Comfee Countertop Microwave Oven
This compact appliance uses 700 watts of power to effectively cook and heat food evenly. It has several convenient features, such as a child safety lock, six preset cooking times and a digital display. Sold by Amazon
Magic Chef Retro Countertop Microwave
Simple and stylish, this small microwave uses classic dial control knobs to set the timer up to 35 minutes and adjust the cooking power. It uses a pull handle and is energy-efficient. Sold by Home Depot
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Copyright 2022 BestReviews, a Nexstar company. All rights reserved. | https://cw33.com/reviews/br/kitchen-br/microwaves-br/the-8-best-miniature-microwaves/ | 2022-07-01T00:22:52Z |
Early and predictive customer lifetime value solution by Retina offers intelligence and insights for retail, ecommerce and DTC companies.
SANTA MONICA, Calif., May 13, 2022 /PRNewswire/ -- Retina AI was named the winner of a Silver Stevie® Award in the Business or Competitive Intelligence Solution category in The 20th Annual American Business Awards®. More than 3,700 nominations from organizations of all sizes and in virtually every industry were submitted this year for consideration in a wide range of categories.
Retina AI is the only product that provides predictive customer lifetime value (pCLV) of prospective and new customers, empowering brands to optimize campaign, channel or budget decisions across marketing, customer loyalty, and operations, in real time, even before the first transaction. Retina is building the world's best Customer Value Management platform with reliable models and Artificial Intelligence to continuously quantify and predict customer value. The solution provides intelligence and insights to keep the business profitable at the customer level.
"It's wonderful to see all of our team's hard work be recognized," said Emad Hasan, CEO of Retina AI. "With the many challenges in today's market, it's more important than ever that companies are leveraging their data effectively to optimize their spend and identify who their most valuable customers are. This award is validation that Retina is a critical component helping businesses do this effectively."
More than 230 professionals worldwide participated in the judging process to select this year's Stevie Award winners.
"We are so pleased that we will be able to stage our first ABA awards banquet since 2019 and to celebrate, in person, the achievements of such a diverse group of organizations and individuals," said Maggie Miller, president of the Stevie Awards.
Details about The American Business Awards and the list of 2022 Stevie winners are available at www.StevieAwards.com/ABA.
About Retina AI
Retina is the leading predictive customer lifetime value (pCLV) intelligence company transforming e-commerce customer acquisition for high-growth brands. The company uses AI, machine learning, and data analytics to provide the industry's earliest insights on pCLV to help marketers capture high-value customers and increase brand loyalty -- without relying on third-party cookies or IDFA. Retina's customers include world-class brands such as Madison Reed, and Dollar Shave Club. The company was founded in 2017 and is headquartered in Santa Monica, CA.
About the Stevie Awards
Stevie Awards are conferred in eight programs: the Asia-Pacific Stevie Awards, the German Stevie Awards, the Middle East & North Africa Stevie Awards, The American Business Awards®, The International Business Awards®, the Stevie Awards for Women in Business, the Stevie Awards for Great Employers, and the Stevie Awards for Sales & Customer Service. Stevie Awards competitions receive more than 12,000 entries each year from organizations in more than 70 nations. Honoring organizations of all types and sizes and the people behind them, the Stevies recognize outstanding performances in the workplace worldwide. Learn more about the Stevie Awards at http://www.StevieAwards.com.
Media Contact:
Nathaniel Hawthorne
Lumina Communications for Retina AI
(661) 965-0407
retina@luminapr.com
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SOURCE Retina AI | https://www.wibw.com/prnewswire/2022/05/13/retina-ai-honored-silver-stevie-award-winner-2022-american-business-awards/ | 2022-05-13T13:37:41Z |
2-year-old goes home after heart transplant spending 283 days in hospital
LOUISVILLE, Ky. (WAVE/Gray News) – After spending 283 days in the hospital and undergoing his second open-heart surgery, a 2-year-old boy from Kentucky went home Monday.
Clay Goodwin was born in November 2020 with four congenital heart defects, Norton Healthcare said. He underwent his first open-heart surgery when he was two days old, WAVE reported.
Despite the efforts of caregivers and doctors, he was listed for a heart transplant in January 2022.
Clay received a heart transplant on July 5 and his parents, Brandon and Hannah Goodwin, were able to take him home Monday.
He was treated to a celebratory parade thrown together by the staff at the hospital.
Clay is one of three pediatric heart transplants done so far this year at Norton Children’s Hospital.
Copyright 2022 WAVE via Gray Media Group, Inc. All rights reserved. | https://www.mysuncoast.com/2022/08/16/2-year-old-goes-home-after-heart-transplant-spending-283-days-hospital/ | 2022-08-16T17:10:00Z |
NEW YORK (AP) — Friends and fellow authors spoke out on Salman Rushdie’s behalf during a rally Friday on the steps of the main branch of the New York Public Library, one week after he was attacked onstage in the western part of the state and hospitalized with stab wounds.
Rushdie’s condition has improved, and, according to his literary agent, he has been removed from a ventilator.
Jeffrey Eugenides, Tina Brown and Kiran Desai were among those who shared wishes for a full recovery, told stories of Rushdie as an inspiration and defender of free expression, and read passages from his books, essays and speeches, including from “The Satanic Verses,” the 1988 novel that was condemned by some Muslims as blasphemous.
Rushdie spent years in hiding after Iran’s Ayatollah Ruhollah Khomeini issued a 1989 edict, a fatwa, calling for his death, but had traveled freely over the past two decades.
The hourlong “Stand With Salman” gathering was presented in part by the library, by Rushdie’s publisher, Penguin Random House, and by the literary and human rights organization PEN America. Hundreds were in attendance, many affiliated with PEN, of which the 75-year-old Rushdie is a former president.
“He’s been a constant, indefatigable champion of words and of writers attacked for the purported crime of their work,” said the day’s first speaker, PEN CEO Suzanne Nossel. “Today, we will celebrate Salman for what he has endured, but even more importantly, because of what he has engendered — the stories, characters, metaphors and images he has given to the world.”
The rally did not include any new words from Rushdie, but Nossel said he was aware of the event and even made suggestions for what to read. Rushdie’s son Zafar Rushdie, who has been with his father, tweeted that “it was great to see a crowd gathered” outside the library.
“Stand With Salman” took place the day after a judge in Mayville, New York, denied bail to 24-year-old Hadi Matar, who has pleaded not guilty to attempted murder and assault. While in jail, Matar told the New York Post that he disdained Rushdie as anti-Muslim and expressed admiration for the Ayatollah.
On Friday, other readers included the author and journalist Gay Talese, author and former PEN president Andrew Solomon, and the poet, lawyer and activist Reginald Dwayne Betts. Actor Aasif Mandvi read from Rushdie’s upcoming novel, “Victory City,” which he completed before the attack and includes the passage “I myself am nothing now. All that remains is the city of words. Words are the only victors.”
Eugenides, whose novels include the Pulitzer Prize-winning “Middlesex,” remembered traveling to London in the early 1980s. Eugenides was 20 and Rushdie’s breakthrough novel “Midnight’s Children” had recently been published. He knew Rushdie lived there and decided he wanted to meet him. It was years before “The Satanic Verses,” and Eugenides found his name and address in the phone book.
“I took the tube out to his house. As it turned out, Salman wasn’t at home; he was in Italy, vacationing,” said Eugenides, who was greeted by Rushdie’s then-mother-in-law and left a note for the author.
“That was the world we used to live in,” Eugenides added. | https://cw33.com/entertainment-news/ap-entertainment/authors-and-friends-rally-and-read-for-salman-rushdie/ | 2022-08-19T22:21:55Z |
The recent financing round is viewed as highly notable amid lackluster market performance of publicly traded insurtechs & global recession
SEOUL, South Korea, Sept. 8, 2022 /PRNewswire/ -- South Korean digital insurance carrier Carrot General Insurance ("Carrot" or the "Company") today announced it has secured a fresh funding of 300 billion Korean won. Led by private equity firm Affirma Capital, the capital will be raised across two connected rounds with wide participation of existing investors. Carrot has successfully closed the initial funding of 175 billion won (US $145 million) past week and the remaining 125 billion (US $105 million) will be raised through the extended round during Q4 this year.
Proof of trust and confidence in times of unstable markets
Investors writing a big check reflect their strong confidence in Carrot's growth prospects considering the current financial landscape is extremely uncertain and unstable. The latest financing is Carrot's 3rd round of funding and it took just over a year since it last raised $90 million through rights offering. The leading investor Affirma Capital, which has assets under management (AUM) of over $3.6 billion is a PE firm which spun out of Standard Chartered Bank and has deployed over $6.5 billion in 100+ companies globally throughout its 20+ years of investing. A number of investors involved from previous rounds are also participating, including Hanwha Group, Stic Investments, and Altos Ventures. The new share distribution will now give Hanwha 50.6% of voting power, 7.8% for SK Telecom, 3.9% for Tmap Mobility, Hyundai Motor Group 2.7%, Altos Ventures 10.2%, Stic Investments 15.5% and Affirma 9.2%; although the stakes may be adjusted as the extended round closes later current year.
On track to become Korea's next unicorn
Upon completing its extended round of financing next quarter, Carrot's valuation will reach 1 trillion won (US $850 million), taking it one step closer to becoming the nation's first unicorn digital insurer. With the fresh capital, Carrot intends to strengthen its position as a pioneer in the existing market, accelerate its advancement of tech capacity and expansion of in-house pipelines, as well as external open innovation activities. The company anticipates faster rate of growth in coming years and plans to reach break-even by 2024 and go public by 2025.
Richard Moon, the recently named new CEO of Carrot said, "I am delighted to welcome our new investors and thank our existing shareholders for their continued support and confidence in Carrot. We have made very significant milestone while keeping the J-curve growth at even a faster pace, which I believe is driven by surging demand for simple and innovative insurance products to meet evolving customer needs in today's world." He continued, "Our big focus will be on agile and open innovation, which will speed up product development and technological innovation to fast-forward the future of insurance."
About Carrot General Insurance Corp.
Established in 2019, Carrot was formed by visionary groups of companies from the fields of insurance, financials, technology, and auto, including Hanwha, SK Telecom, Hyundai Motor Group, Altos Ventures, and Stic Investments with core focus to advance outdated insurance and deliver insurance that is fair and reliable through the use of technology. Being the nation's first fully-licensed 100% digital insurance carrier, Carrot has been disrupting the market with innovative products and has outpaced its global peers in terms of the speed of acquiring customers to its usage-based insurance program. The company's successful footprint owes itself to strong customer value propositions, including easy and accessible insurance, transparent premiums, AI automated accident registration and prompt dispatch of help services all made possible via proprietary technology. The company is also pursuing business in Pay-As-How-You-Drive auto insurance, which assesses the premiums as per customer's driving patterns and behavior through sensor data analytics. In line with the company's open innovation strategy, Carrot has 100+ national & international partnerships, including South Korean government unit that oversees national highways and traffic controls.
David J Park
+82-010-3410-2324
dave@carrotins.com
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SOURCE Carrot General Insurance Corp. | https://www.mysuncoast.com/prnewswire/2022/09/08/digital-insurer-carrot-eyes-unicorn-club-it-raises-us-250m-amp-boosts-its-valuation-over-850m/ | 2022-09-08T06:01:52Z |
SAN FRANCISCO, Aug. 16, 2022 /PRNewswire/ -- For many, life feels like a series of hills and valleys—but what if you were able to climb to your peak and stay there? In his new book, notable organizational development expert and endurance athlete Bryan Gillette shares insight and tools from a diverse set of high-achievers to create the ultimate 'how to' on reaching your professional summit.
After interviewing more than one hundred high-achieving executives and athletes, Gillette developed the five pillars of the EPIC Performance framework so that readers could walk their own path to doing the impossible. The five pillars are:
- Envision
- Plan
- Iterate
- Collaborate
- Perform
"Few leaders are good in all five pillars," says Bryan Gillette. "They are good at two, maybe three. But they know how to compensate for their gaps and have a mindset that allows them to succeed anyhow. This book provides practical tools around all five pillars."
He spent over eighteen months interviewing people who had reached their professional peak, were accomplished ultradistance endurance athletes, or, in some cases, both. He found that these high-achievers had a holistic mindset to succeed. Both groups demonstrated the ability to predict the future, push themselves, and persevere.
"Those featured in EPIC Performance are the type who when someone says, 'That's impossible,' they make it possible," says Gillette.
Gillette knows what it is like to reach a peak. He has successfully completed many physical and mental challenges while also reaching several 'summits' in his career. He is a former HR executive and the founder of Summiting Group—a consulting firm that helps leaders and teams reach optimal performance. Gillette is also a dedicated endurance athlete and has cycled across the United States, run 8-marathons back-to-back, and ridden his bicycle 300 miles in one day. From managing multimillion-dollar projects with hundreds of employees to running 205 miles around Lake Tahoe in 76 hours, Gillette knows how to achieve extraordinary results.
Filled with timeless practical advice, unforgettable stories, and expert-tested exercises that will reorient any reader's daily life from average to epic, EPIC Performance is a must-read, no-nonsense guide to achieving the impossible.
EPIC Performance is on sale now from Amplify Publishing and other retailers. Learn more at www.EPICPerformances.com
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SOURCE Amplify Publishing | https://www.mysuncoast.com/prnewswire/2022/08/16/more-than-one-hundred-endurance-athletes-executives-interviewed-book-reaching-peak-potential-achieving-impossible-epic-performance-by-bryan-gillette/ | 2022-08-16T15:07:01Z |
New creative campaign will salute employees
ST. PAUL, Minn., Sept. 12, 2022 /PRNewswire/ -- The Vomela Companies, a visual communications leader based in St. Paul, Minn., is commemorating its 75th anniversary with a special tribute to its employees. In honor of the milestone, the company has released a new creative campaign spotlighting the craftsmanship and innovativeness of its diverse team members. The campaign is a both celebration of Vomela's 75-year history and a catalyst for continued innovation into the future.
"Becoming an industry leader takes many different talents coming together," said Mark Auth, president and CEO of Vomela. "When you work at Vomela, whatever your specialty is, we see you as a craftsperson. And on our 75th anniversary, Vomela salutes our artisans who are helping us carry on the tradition."
A national industry leader today, Vomela has grown significantly from its roots as a small manufacturing shop. The company was founded as the Vomela Specialty Co. in 1947 by a Minnesota man named John "Jack" Vomela. In its early days, the company specialized in creating gift tags.The company expanded into vinyl graphics following the hiring of Carlo Lamanna, who would become Vomela's next leader in 1980.
Vomela's next evolution arrived during the 1990s under the new leadership of the Auth family. Thomas Auth, Vomela's current chairman, and Mark Auth, Vomela's current president and CEO, transformed the company for the 21st century with cutting-edge technology.
Since the early 2000s, Vomela has grown organically and through strategic acquisitions, making the company what it is today. Through the acquisitions, Vomela has strategically diversified its offerings, enabling the company to provide full-service solutions including transportation graphics, point-of-purchase marketing and design, events and exhibits, store décor, promotional collateral and more.
As part of Vomela's ongoing innovation, the company maintains an industry-leading environmental, social and governance (ESG) program. Created in alignment with the UN Sustainable Development Goals, Vomela's strategic ESG priorities include embracing the company's role as a valued supply chain partner, uniting with downstream supplier partners and aligning with other sustainable brands. The company is certified by the Forest Stewardship Council, the Sustainable Forestry Initiative, the Sustainable Green Printing Partnership and other sustainability authorities.
About The Vomela Companies
The Vomela Companies is a full-service specialty graphics provider capable of producing a wide variety of promotional, store décor, event, fleet, OEM, commercial, and transportation graphics. The company employs more than 1,300 people in 21 cities across the U.S. and Canada.
MEDIA CONTACT
Tyler Coleman
tyler@linnihanfoy.com
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SOURCE The Vomela Companies | https://www.mysuncoast.com/prnewswire/2022/09/12/vomela-marks-75th-anniversary-with-tributes-craftsmanship-innovation-teamwork/ | 2022-09-12T16:41:35Z |
OSLO, Norway, May 24, 2022 /PRNewswire/ -- Faced with unifying fragmented SAP systems with third-party apps, Neptune recommends an SAP + Low-Code App Development approach to cut friction from end-to-end business processes. By integrating SAP and non-SAP systems, IT departments can stop focusing on maintenance and put their efforts toward the innovation and thought-leadership that creates lasting value.
"Customers are demanding speed, new features, and security on ever-tightening timelines," said Andreas Sulejewski, CEO at Neptune Software. "Businesses can't deliver if they're spending the bulk of their time putting out fires and struggling to keep the lights of their patchwork systems on. Integrating SAP with your other main systems is the only way to lead the pack instead of fighting to keep up."
An 'SAP + Low-Coded App Development approach delivers the data-rich, intuitive experiences you need to drive fast, business-critical results.
Stop bailing water to stay afloat
Time and money IT professionals spend fixing existing systems and getting them to work as intended is time and money not spent on innovating new products, increasing efficiency, or getting businesses ahead. Worse, friction builds over time, making the prospect of adding new features to stay competitive more and more daunting.
Luckily, it doesn't have to be this way. Integrating with a holistic, future-proof approach can get you back to the forefront of the field instead of fighting to keep up.
Integrate the easy way with low-code/no-code app development
To become a change agent in your business, you need to find ways to modernize, optimize and cut the time it takes to deliver new apps. Neptune DXP, a leading low-code, SAP-centric, enterprise app development platform, can make the difference.
Here's how to use a rapid application development platform to make integration easy:
Embrace API-led integration: Give your SAP systems a new lease of life with a universal data provisioning approach. The free flow of information between SAP and non-SAP systems will revolutionize your digital agility.
Unify the user experience: Adopt a unified digital interface to empower your workforce to get the job done with ease, from wherever.
Simplify and accelerate: Choose a low-code app development platform, like Neptune DXP, to reduce the difficulties of working in an SAP-centric, heterogeneous IT landscape. With Neptune DXP in place, you can quickly build new capabilities – without fear of messy integrations later down the line. Integration is helpful, future-proof integration is essential.
Operate with an open mind: Create a catalog of architectural blueprints and reusable components with a Neptune DXP that uses application building blocks of pre-existing functionality or choose collaborative microservices that can flex as you need. Or do both. With Neptune DXP, it's never either/or.
Go cross-functional: Integrate teams and technology. A collaborative workplace gets people and technology talking and working together to find new ways to innovate.
Sulekjewski continued, "Complexity is the enemy of speed. A unified approach to data provision can cut through complexity and leave teams free to collaborate at the speed of innovation rather than wasting time and money troubleshooting. With Neptune Software's Neptune DXP, you'll meet the demands of fast app delivery, without sacrificing on quality, functionality or security."
About Neptune Software
Neptune Software is a rapid application development platform vendor with more than 650 enterprise customers and over 3.5 million licensed end users globally that empowers IT departments to deliver tangible business outcomes. Neptune Software offers with its Neptune DXP, a leading low-code, SAP-centric, enterprise app development platform to digitize and optimize business processes and user interfaces – at scale and with ease.
Neptune DXP provides a fast and cost-effective way to industrialize the development of custom applications - saving companies time and money on development, integration, and operations.
Follow Neptune Software on LinkedIn and Twitter and start testing the platform for free and building apps with two unlimited developer licenses at https://www.neptune-software.com/free-trial.
Contact
Nell Callahan
nell@frontwoodstrategies.com
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SOURCE Neptune Software | https://www.wibw.com/prnewswire/2022/05/24/bring-sap-it-under-one-roof-cut-friction-innovate-with-speed-lead-field-says-neptune-software/ | 2022-05-24T16:06:52Z |
Increased dividend ~7% on an annualized basis, effective in the third quarter
Announces restructuring program in connection with strategic portfolio reviews
INDIANAPOLIS, Aug. 4, 2022 /PRNewswire/ -- Corteva, Inc. (NYSE: CTVA) ("Corteva" or the "Company") today reported financial results for the second quarter and six months ended June 30, 2022.
2Q 2022 Results Overview
1H 2022 Results Overview
First Half 2022 Highlights
- First half 2022 net sales rose 11% versus prior year with gains in both segments. Organic1 sales increased 14% in the same period with gains in all regions.
- Seed net sales grew 3% and organic1 sales increased 6% year over year, with notable gains in EMEA2, partially offset by the reduction of corn acres and canola volumes in North America2. Price was up 7% globally, led by continued execution on the company's price for value strategy and recovery of higher input costs.
- Crop Protection net sales grew 24% and organic1 sales increased 28%, led by North America2 and Latin America. Volume gains were driven by continued penetration of new products, including EnlistTM and ArylexTM herbicides and OnmiraTM fungicide, and strong early demand in Latin America. Price gains reflected strong execution across all regions in response to cost inflation.
- GAAP income and earnings per share (EPS) from continuing operations were $1.58 billion and $2.16 per share for the first half of 2022, respectively. Operating EBITDA1 was $2.76 billion, a 17% improvement over prior year on strong price execution and volume gains in all regions and productivity actions, partially offset by inflation and currency headwinds. Operating EPS1 was $2.61 per share, up 19% compared to prior year.
- Management increased full year 2022 net sales and earnings guidance3. Net sales is expected to be in the range of $17.2 billion to $17.5 billion and Operating EBITDA1 is expected to be in the range of $2.95 billion to $3.10 billion. Operating EPS1 is expected to be in the range of $2.45 to $2.60 per share.
- The Company announced a ~7% annualized dividend increase effective in the third quarter – reflecting continued focus on returning capital to shareholders.
"Corteva delivered an impressive first half with double-digit sales and Operating EBITDA growth and margin expansion, reflecting strong customer demand and focused execution amidst dynamic market conditions.
"We also continue to take actions to accelerate performance, including the completion of strategic portfolio reviews aimed at refining our strategy, driving operational execution, and making disciplined investment decisions in innovation and technology to deliver increased value to farmers and contribute to a more sustainable global food system.
"We believe that we are well-positioned to continue to adapt and execute in a challenging operating environment. Our strong first half momentum and robust market fundamentals have given us confidence to raise our guidance for the year," said Chuck Magro, Corteva Chief Executive Officer.
Company Updates
- Company Announces Completion of Strategic Portfolio Reviews
- EnlistTM System Accelerates Market Penetration for 2022
2022 Updated Guidance
The outlook for agriculture remains robust despite recent commodity price volatility. The Company expects record demand for grain and oilseeds in 2022, which should support commodity prices as ending stocks remain under pressure. Grower balance sheets and income levels remain healthy despite increased input costs for fuel and fertilizer, leading customers to prioritize technology to maximize return.
As a result, the Company updated its previously provided guidance3 for the full year 2022 – increasing sales and earnings expectations for this period. Corteva expects net sales in the range of $17.2 billion to $17.5 billion, which at the mid-point represents expected net sales growth of 11% for the year. Operating EBITDA1 is expected to be in the range of $2.95 billion to $3.10 billion, which at the mid-point represents expected Operating EBITDA1 growth of 17% for the year. Operating EPS1 is expected to be in the range of $2.45 to $2.60 per share. The Company is not able to reconcile its forward-looking non-GAAP financial measures to its most comparable U.S. GAAP financial measures, as it is unable to predict with reasonable certainty items outside of its control, such as Significant Items, without unreasonable effort.
Click here to download the full press release, including segment detail and reconciliations of non-GAAP and GAAP measures, or visit the Corteva Investor Relations website.
About Corteva
Corteva, Inc. (NYSE: CTVA) is a publicly traded, global pure-play agriculture company that combines industry-leading innovation, high-touch customer engagement and operational execution to profitably deliver solutions for the world's most pressing agriculture challenges. Corteva generates advantaged market preference through its unique distribution strategy, together with its balanced and globally diverse mix of seed, crop protection, and digital products and services. With some of the most recognized brands in agriculture and a technology pipeline well positioned to drive growth, the Company is committed to maximizing productivity for farmers, while working with stakeholders throughout the food system as it fulfills its promise to enrich the lives of those who produce and those who consume, ensuring progress for generations to come. More information can be found at www.corteva.com.
Follow Corteva on Facebook, Instagram, LinkedIn, Twitter and YouTube.
Cautionary Statement About Forward-Looking Statements
This report contains certain estimates and forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and Section 27A of the Securities Act of 1933, as amended, which are intended to be covered by the safe harbor provisions for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995, and may be identified by their use of words like "plans," "expects," "will," "anticipates," "believes," "intends," "projects," "estimates," "outlook," or other words of similar meaning. All statements that address expectations or projections about the future, including statements about Corteva's financial results or outlook; strategy for growth; product development; regulatory approvals; market position; capital allocation strategy; liquidity; environmental, social and governance ("ESG") targets and initiatives; the anticipated benefits of acquisitions, restructuring actions, or cost savings initiatives; and the outcome of contingencies, such as litigation and environmental matters, are forward-looking statements.
Forward-looking statements and other estimates are based on certain assumptions and expectations of future events which may not be accurate or realized. Forward-looking statements and other estimates also involve risks and uncertainties, many of which are beyond Corteva's control. While the list of factors presented below is 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 to third parties and similar risks, any of which could have a material adverse effect on Corteva's business, results of operations and financial condition. Some of the important factors that could cause Corteva's actual results to differ materially from those projected in any such forward-looking statements include: (i) failure to successfully develop and commercialize Corteva's pipeline; (ii) failure to obtain or maintain the necessary regulatory approvals for some of Corteva's products; (iii) effect of the degree of public understanding and acceptance or perceived public acceptance of Corteva's biotechnology and other agricultural products; (iv) effect of changes in agricultural and related policies of governments and international organizations; (v) effect of competition and consolidation in Corteva's industry; (vi) effect of competition from manufacturers of generic products; (vii) costs of complying with evolving regulatory requirements and the effect of actual or alleged violations of environmental laws or permit requirements; (viii) effect of climate change and unpredictable seasonal and weather factors; (ix) failure to comply with competition and antitrust laws; (x) competitor's establishment of an intermediary platform for distribution of Corteva's products; (xi) impact of Corteva's dependence on third parties with respect to certain of its raw materials or licenses and commercialization; (xii) effect of industrial espionage and other disruptions to Corteva's supply chain, information technology or network systems; (xiii) effect of volatility in Corteva's input costs; (xiv) failure to raise capital through the capital markets or short-term borrowings on terms acceptable to Corteva; (xv) failure of Corteva's customers to pay their debts to Corteva, including customer financing programs; (xvi) increases in pension and other post-employment benefit plan funding obligations; (xvii) risks related to environmental litigation and the indemnification obligations of legacy EID liabilities in connection with the separation of Corteva; (xviii) risks related to Corteva's global operations; (xix) failure to effectively manage acquisitions, divestitures, alliances, restructurings, cost savings initiatives, and other portfolio actions; (xx) capital markets sentiment towards ESG matters (xxi) risks related to COVID-19; (xxii) Corteva's ability to recruit and retain key personnel; (xxiii) Corteva's intellectual property rights or defend against intellectual property claims asserted by others; (xxiv) effect of counterfeit products; (xxv) Corteva's dependence on intellectual property cross-license agreements; (xxvi) other risks related to the Separation from DowDuPont; and (xxvii) risks related to the Russia and Ukraine military conflict.
Additionally, there may be other risks and uncertainties that Corteva is unable to currently identify or that Corteva does not currently expect to have a material impact on its business. Where, in any forward-looking statement or other estimate, an expectation or belief as to future results or events is expressed, such expectation or belief is based on the current plans and expectations of Corteva's management and expressed in good faith and believed to have a reasonable basis, but there can be no assurance that the expectation or belief will result or be achieved or accomplished. Corteva disclaims and does not undertake any obligation to update or revise any forward-looking statement, except as required by applicable law. A detailed discussion of some of the significant risks and uncertainties which may cause results and events to differ materially from such forward-looking statements is included in the "Risk Factors" section of Corteva's Annual Report on Form 10-K, as modified by subsequent Quarterly Reports on Forms 10-Q and Current Reports on Form 8-K.
Regulation G (Non-GAAP Financial Measures)
This earnings release includes information that does not conform to U.S. GAAP and are considered non-GAAP measures. These measures may include organic sales, organic growth (including by segment and region), operating EBITDA, operating earnings (loss) per share, and base income tax rate. Management uses these measures internally for planning and forecasting, including allocating resources and evaluating incentive compensation. Management believes that these non-GAAP measures best reflect the ongoing performance of the Company during the periods presented and provide more relevant and meaningful information to investors as they provide insight with respect to ongoing operating results of the Company and a more useful comparison of year over year results. These non-GAAP measures supplement the Company's U.S. GAAP disclosures and should not be viewed as an alternative to U.S. GAAP measures of performance. Furthermore, such non-GAAP measures may not be consistent with similar measures provided or used by other companies. Reconciliations for these non-GAAP measures to U.S. GAAP are provided in the Selected Financial Information and Non-GAAP Measures starting on page A-5 of the Financial Statement Schedules.
Corteva is not able to reconcile its forward-looking non-GAAP financial measures to its most comparable U.S. GAAP financial measures, as it is unable to predict with reasonable certainty items outside of the Company's control, such as Significant Items, without unreasonable effort. For Significant items reported in the periods presented, refer to page A-10 of the Financial Statement Schedules. Beginning January 1, 2020, the Company presents accelerated prepaid royalty amortization expense as a significant item. Accelerated prepaid royalty amortization represents the noncash charge associated with the recognition of upfront payments made to Monsanto in connection with the Company's non-exclusive license in the United States and Canada for Monsanto's Genuity® Roundup Ready 2 Yield® Roundup Ready 2 Xtend® herbicide tolerance traits. During the five-year ramp-up period of Enlist E3TM, Corteva is expected to significantly reduce the volume of products with the Roundup Ready 2 Yield® and Roundup Ready 2 Xtend® herbicide tolerance traits beginning in 2021, with expected minimal use of the trait platform after the completion of the ramp-up. Additionally, in connection with the Company's shift to a global business unit model, the Company has assessed its business priorities and operational structure to maximize the customer experience and deliver on growth and earnings potential. As a result of this assessment, the company has committed to restructuring actions that, combined with the impact of the company's separate announcement to withdraw from Russia and stop production and business activities ("Russia Exit") (collectively the "2022 Restructuring Actions"), have resulted in expected total pre-tax restructuring and other charges of approximately $350 million to $420 million. The restructuring actions associated with these charges are expected to be substantially complete in 2023. Organic sales is defined as price and volume and excludes currency and portfolio impacts. Operating EBITDA is defined as earnings (loss) (i.e., income (loss) from continuing operations before income taxes) before interest, depreciation, amortization, non-operating benefits (costs), foreign exchange gains (losses), and net unrealized gain or loss from mark-to-market activity for certain foreign currency derivative instruments that do not qualify for hedge accounting, excluding the impact of significant items. Non-operating (benefits) costs consists of non-operating pension and other post-employment benefit (OPEB) benefits (costs), tax indemnification adjustments, and environmental remediation and legal costs associated with legacy businesses and sites of Historical DuPont. Tax indemnification adjustments relate to changes in indemnification balances, as a result of the application of the terms of the Tax Matters Agreement, between Corteva and Dow and/or DuPont that are recorded by the Company as pre-tax income or expense.
Operating earnings (loss) per share is defined as "earnings (loss) per common share from continuing operations - diluted" excluding the after-tax impact of significant items, the after tax impact of non-operating benefits (costs), the after-tax impact of amortization expense associated with intangible assets existing as of the Separation from DowDuPont, and the after-tax impact of net unrealized gain or loss from mark-to-market activity for certain foreign currency derivative instruments that do not qualify for hedge accounting. Although amortization of the Company's intangible assets is excluded from these non-GAAP measures, management believes it is important for investors to understand that such intangible assets contribute to revenue generation. Amortization of intangible assets that relate to past acquisitions will recur in future periods until such intangible assets have been fully amortized. Any future acquisitions may result in amortization of additional intangible assets. Net unrealized gain or loss from mark-to-market activity for certain foreign currency derivative instruments that do not qualify for hedge accounting represents the non-cash net gain (loss) from changes in fair value of certain undesignated foreign currency derivative contracts. Upon settlement, which is within the same calendar year of execution of the contract, the realized gain (loss) from the changes in fair value of the non-qualified foreign currency derivative contracts will be reported in the relevant non-GAAP financial measures, allowing quarterly results to reflect the economic effects of the foreign currency derivative contracts without the resulting unrealized mark to fair value volatility. Base income tax rate is defined as the effective tax rate excluding the impacts of foreign exchange gains (losses), non-operating benefits (costs), amortization of intangibles (existing as of the Separation), mark-to-market gains (losses) on certain foreign currency contracts not designated as hedges, and significant items.
® TM Corteva Agriscience and its affiliated companies.
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SOURCE Corteva, Inc. | https://www.mysuncoast.com/prnewswire/2022/08/04/corteva-reports-second-quarter-first-half-2022-results-raises-full-year-net-sales-earnings-guidance/ | 2022-08-04T22:34:28Z |
VANCOUVER, BC, May 3, 2022 /PRNewswire/ - Copper Mountain Mining Corporation (TSX: CMMC) (ASX: C6C) (the "Company" or "Copper Mountain") is pleased to announce that it has received the 2022 Towards Sustainable Mining (TSM) Environmental Excellence Award in recognition of its Electric Trolley Assist Project focused on reducing carbon intensity and minimizing environmental impact.
The Trolley Assist installation at the Copper Mountain Mine connects haul trucks to clean BC electricity and will displace approximately 400 liters of diesel and 1 tonne of carbon dioxide each hour per truck up the Copper Mountain Mine's main haulage ramp. The system covers a one kilometer incline from the main pit to the primary crusher, and can support four trucks at any time. Moving heavy rock up a steep incline is a highly energy intensive process and is the largest source of greenhouse gas (GHG) emissions at Copper Mountain. This new technology is anticipated to reduce Copper Mountain's carbon emissions by at least 30% over the next five years and is a key contributor towards the Company's goal of net zero carbon emissions by 2035.
"We are honoured to receive this award as it recognizes our commitment to making a difference," commented Don Strickland, Copper Mountain's Executive Vice President of Sustainability. "We are one of the first open pit mines to commission electric Trolley Assist in North America. This is a huge achievement, and we are proud of our team for their efforts in successfully delivering this project. We also have many other projects underway to help us reduce our total environmental footprint. We have scaled up our progressive reclamation program to reclaim 25 hectares of land per year while focusing on minimizing the total disturbed area that requires reclamation. We are also collaborating with the BC Ministry of Energy, Mines and Low Carbon Innovation to develop a digital carbon emissions certification system called Mines Digital Trust with the objective of building transparency by tracking responsible producers. Progressive environmental and community stewardship is a main pillar of Copper Mountain's growth strategy."
For more information about Copper Mountain's ESG initiatives, please visit the Company's website: https://cumtn.com/esg/overview/. In addition, the Company will be publishing its inaugural sustainability report this year.
Copper Mountain's flagship asset is the 75% owned Copper Mountain Mine located in southern British Columbia near the town of Princeton. The Copper Mountain Mine currently produces approximately 100 million pounds of copper equivalent per year. Copper Mountain also has the 100% owned development-stage Eva Copper Project, which is expected add approximately 100 million pounds of copper annually, in Queensland, Australia and an extensive 2,100 km2 highly prospective land package in the Mount Isa area. Copper Mountain trades on the Toronto Stock Exchange under the symbol "CMMC" and Australian Stock Exchange under the symbol "C6C".
Additional information is available on the Company's web page at www.CuMtn.com.
On behalf of the Board of
COPPER MOUNTAIN MINING CORPORATION
"Gil Clausen"
Gil Clausen, P.Eng.
President and Chief Executive Officer
Website: www.CuMtn.com
This news release may contain forward-looking statements and forward-looking information (together, "forward-looking statements") within the meaning of applicable securities laws. All statements, other than statements of historical facts, are forward-looking statements. Generally, forward-looking statements can be identified by the use of terminology such as "plans", "expects", "estimates", "intends", "anticipates", "believes" or variations of such words, or statements that certain actions, events or results "may", "could", "would", "might", "occur" or "be achieved". In this news release, certain forward-looking statements are identified, including the anticipated reduction of the Company's carbon emissions by at least 30% over the next five years due to the Trolley-Assist Project, the Company's goal of net zero carbon emissions by 2035 and anticipated production at the Copper Mountain Mine. Forward-looking statements involve risks, uncertainties and other factors that could cause actual results, performance and opportunities to differ materially from those implied by such forward-looking statements. Factors that could cause actual results to differ materially from these forward-looking statements include the risks set out in Copper Mountain's public documents, including in each management's discussion and analysis, filed on SEDAR at www.sedar.com. Although Copper Mountain believes that the information and assumptions used in preparing the forward-looking statements are reasonable, undue reliance should not be placed on these statements, which only apply as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. Except where required by applicable law, Copper Mountain disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.
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SOURCE Copper Mountain Mining Corporation | https://www.mysuncoast.com/prnewswire/2022/05/03/copper-mountain-mining-receives-towards-sustainable-mining-tsm-environmental-excellence-award/ | 2022-05-03T16:45:40Z |
Yelp to add more flags to anti-abortion pregnancy centers
(AP) – The online reviews site Yelp said Tuesday it is rolling out a new feature to protect users seeking abortions from being misled about anti-abortion pregnancy centers listed on its platform.
Such centers are typically religiously affiliated and deter clients from having an abortion. On Tuesday, Yelp said it will place a consumer notice on the listings informing users that the centers “typically provide limited medical services and may not have licensed medical professionals onsite.”
In 2018, moderators for the San Francisco-based company began recategorizing listings for such organizations as “crisis pregnancy centers” or “faith-based crisis pregnancy centers.” The organizations had previously categorized themselves as reproductive health services, medical centers and other health and medical categories.
“It’s well-reported that crisis pregnancy centers do not offer abortion services, and it’s been shown that many provide misleading information in an attempt to steer people seeking abortion care to other options,” the company said in a post on its website detailing the change.
Yelp’s move might put more pressure on Google to do something similar with listings on its site. Last week, hundreds of Google employees released a petition calling on the company to fix misleading search results for abortion services by removing “fake abortion providers” and halt its business with “publishers of disinformation related to abortion services.”
In June, Democratic lawmakers in Congress also urged the company to curb the appearance of the anti-abortion pregnancy centers for certain search results. But Republicans pushed back last month, warning the tech giant not to do so in a letter sent by 17 conservative attorney generals to Google CEO Sundar Pichai.
Google did not immediately reply to a request for comment on Tuesday.
In the past several months, Yelp said it has also been picking up on efforts to better match users searching for abortion clinics with those services and make it less likely those users will see anti-abortion pregnancy centers in search results. The company said it has evaluated roughly 33,500 listings this year and recategorized nearly 470 pages for the centers.
Copyright 2022 The Associated Press. All rights reserved. | https://www.wibw.com/2022/08/23/yelp-add-more-flags-anti-abortion-pregnancy-centers/ | 2022-08-23T19:45:11Z |
MOUNT KISCO, N.Y., Aug. 15, 2022 /PRNewswire/ -- Edenbrook Capital, LLC (together with its affiliates, "Edenbrook"), one of the largest public shareholders of Hemisphere Media Group, Inc. (NASDAQ: HMTV) ("Hemisphere" or "the Company"), with ownership of approximately 14.94% of the publicly traded A shares and 7.65% of the total company, including the privately held, super-voting B shares, today announced that it has delivered the following letter to the Members of the Special Committee of the Board of Directors of Hemisphere.
Sonia Dulá
Rick Neuman
John Engelman
The Members of the Special Committee of the Board of Directors
Hemisphere Media Group, Inc.
Dear Sonia, Rick and John:
Our firm, Edenbrook Capital, LLC, is writing this letter as a follow-up to the one we sent to Chairman Peter Kern on May 16, 2022 ("May 16 letter") and to one we sent to you, the Special Committee, on June 8, 2022 ("June 8 letter"). We are once again addressing this letter to you, the independent members of the Board of Directors who sat on the Special Committee that blessed the proposed transaction for Hemisphere Media Group, Inc. ("the Company" or "Hemisphere") to be taken private by insiders (the "Insider Takeover"). In our previous letters we highlighted how the proposed Insider Takeover by Searchlight Capital Partners, L.P.1 ("Searchlight") dramatically undervalues the Company. In this letter we aim to demonstrate multiple troubling examples of how Searchlight appears to have abused its position as insider owners of Hemisphere and, by extension, how we believe the Special Committee abrogated its fiduciary duty to public shareholders by allowing Searchlight to run roughshod over the process in a way that favored Searchlight at the expense of public shareholders.
The Theft of Pantaya
In our previous letters, we discussed how, in conjunction with the Insider Takeover, Hemisphere intends to sell Pantaya, its streaming platform, to TelevisaUnivision at a price below what Hemisphere itself paid for this business in 2021, and how this deal is conflicted because Searchlight is both the controlling shareholder in Hemisphere and part of the ownership group of TelevisaUnivision. Specifically, on a Form 8-K, dated May 9, and filed May 10 ("the May 8-K"), the Company notes that it will be receiving $115 million in cash for selling Pantaya plus a promissory note for $10 million (as well as some radio stations in Puerto Rico). However, in the Preliminary Proxy Statement filed on Schedule 14A on June 27, 2022, the Company notes that on April 22, 2022, Company A "delivered to Hemisphere a…proposal to acquire Pantaya for $200 million in cash, subject to completion of financial and legal due diligence." Did the Company jump on this opportunity to sell Pantaya at a gain2 rather than sell it to insiders at a loss? To the contrary, per the June 27 Proxy, on May 1 the Special Committee met with its bankers from Moelis & Company LLC ("Moelis"); upon being told by Moelis that "Company A reported that they had not seen any significant issues in their due diligence to date," the Special Committee tasked Moelis with asking Company A to "submit an updated proposal in the next week." On May 4, Company A told Moelis that it would need "at least another month to complete their due diligence and finalize transaction documents." Not only was Company A not afforded this extra month, but on May 5, Searchlight told Moelis that "Searchlight understood that Univision was not willing to agree to a go-shop with respect to Pantaya." Again, Searchlight is the controlling shareholder in Hemisphere and part of the ownership group of TelevisaUnivision. So Searchlight is saying that Searchlight wouldn't agree to a go-shop with respect to Pantaya, precluding a higher bid from Company A or others coming in after a deal was announced.
What was the rush? Why could more time not be granted to a serious bidder at a higher price? If timing was of the essence to announce the sale of Pantaya to TelevisaUnivision, why not then allow a go-shop? The decisions to forego and neglect these options were, from our perspective, most certainly not in the best interests of public shareholders, however there was one party that clearly benefited from each, Searchlight. It's now three-plus months since the Insider Takeover was announced and valuations for technology and streaming companies have improved since May. Could the Company really not afford to give Company A the extra month to deliver more value to shareholders?
But it's even worse than that. By agreeing to an inside deal for Pantaya with Searchlight that is contingent upon Searchlight also being able to consummate the Insider Takeover for the rest of the Company at $7.00 per share, per terms outlined in the May 8-K, Searchlight is, in our view, stacking the deck in its favor and effectively saying: 1) only Searchlight, via TelevisaUnivision, can bid for Pantaya, and will do so at a sweetheart price; and, 2) Searchlight will only do so if also given the right to buy the rest of the Company at a song.
Had the Company sold Pantaya for $200 million in an independent transaction, what would be left is a highly cash-generative company with approximately $70 million in EBITDA and $63 million of free cash flow and basically a debt-free balance sheet after using the proceeds from Pantaya to pay down debt. According to FactSet, the average current trading multiple for comparable companies is 7x for Enterprise Value to EBITDA and 12x for Price to Free Cash Flow. That suggests that the stub trading value of Hemisphere would be $490-756 million, or $12.13-$18.71 per share, using approximately 40.4 million issued and outstanding public and private shares. A transaction multiple would be well in excess of this, and again, similar to the prior letters, we have not ascribed any value to other assets, including the $130 million ($3.22 per share) that the Company invested in Colombia broadcast company Canal Uno. In short, had the Company sold Pantaya to a willing bidder for $200 million, we believe public shareholders would have a remaining public company valued as an ongoing tradeable company at prices 73-167% above the $7.00 per share transaction price proposed by the Insider Takeover.
Are Other Buyers Getting Fair Looks?
In the June 27 Proxy, the Company disclosed that on June 3, 2022, the Special Committee received an Acquisition Proposal from Company E for $9.00 per share in cash, 29% above the proposed Insider Takeover of $7.00 per share. Also, per the June 27 Proxy, on June 5, 2022, the Special Committee received an Acquisition Proposal from Company F for $8.00 per share in cash. Despite two higher prospective cash bids, the Company still recommended the lower $7.00 per share bid from insiders when it filed the June 27 Proxy.
In an amended Proxy Statement filed on Schedule 14A on July 22, 2022, the Company disclosed that "during the months of June 2022 and July 2022, representatives of Company E continued to conduct due diligence on Hemisphere and to show an interest in pursuing a potential transaction with Hemisphere.
On July 20, 2022, Hemisphere and Company E entered into a confidentiality agreement for the sharing of Company E's confidential information." Despite further demonstrated interest from Company E in a higher cash offer, the Company still recommended the lower $7.00 per share bid from insiders in the July 22 Proxy.
In an additional amended Proxy Statement filed on Schedule 14A on August 10, 2022, the Company disclosed that "the Special Committee received a modified Acquisition Proposal from a representative of Company E to acquire all of the Hemisphere Common Stock for $8.00 per share in cash and $1.00 in the form of registered, freely-tradable shares of common stock of a public entity." Despite continued interest from Company E in a higher priced bid in cash, plus additional value in stock, the Company still recommended the lower $7.00 per share bid from insiders in the August 10 Proxy.
More troubling, in the August 10 Proxy, the Company disclosed that "Moelis and Davis Polk [legal advisor to the Special Committee] have not held initial substantive negotiations with the representatives of Company E and Company F." Two companies offered higher cash prices, and neither the bankers nor the attorneys representing the Special Committee have had initial substantive negotiations in the two months that have passed since receiving those bids. We wonder, how can you be properly exercising your fiduciary duty if you have not had initial negotiations with these parties who are offering higher cash prices? How can you continue to recommend a lower-priced cash offer when paths exist for higher cash bids?
It is particularly troubling that these other higher bids aren't being pursued with vigor when you allowed Searchlight to lower its own bid price from $8.00 to $7.75 to $7.00, per the June 27 Proxy, without receiving any valuable consideration in exchange. Further, the lowball bid from Searchlight, which you have recommended, has anchored other prospective buyers into thinking they can offer modest bumps in their introductory bids, rather than trying to get fair value, as we have demonstrated in our multiple letters. The Company has now, effective as of the August 10 Proxy, set a voting date of September 8 for the Insider Takeover, despite better options being available for Pantaya and the Company as a whole.
In closing, we believe that you have allowed, and continue to allow, Searchlight to escape with a lower price for Pantaya and for the Company as a whole, when public shareholders would be better off selling Pantaya to an unconflicted outside buyer and maintaining ownership in the remaining valuable, cash-generative assets. Why not just start over and pursue selling Pantaya along with the entire Company to an unconflicted outside buyer? In any case, your continued recommendation that public shareholders support a $7.00 bid from a conflicted insider that dramatically undervalues the company is, in our view, an outrageous dereliction of your fiduciary duties to all shareholders.
Sincerely,
Jonathan Brolin
Founder and Managing Partner
About Edenbrook Capital
Edenbrook Capital, based in Mount Kisco, NY, takes a private equity approach to public markets, principally through concentrated, long-term investments in small and mid-cap companies.
Disclaimer
This material does not constitute an offer to sell or a solicitation of an offer to buy any of the securities described herein in any state to any person. In addition, the discussions and opinions in this letter and the material contained herein are for general information only, and are not intended to provide investment advice. All statements contained in this letter that are not clearly historical in nature or that necessarily depend on future events are "forward-looking statements," which are not guarantees of future performance or results, and the words "will," "anticipate," "believe," "expect," "potential," "could," "opportunity," "estimate," and similar expressions are generally intended to identify forward-looking statements. The projected results and statements contained in this letter and the material contained herein that are not historical facts are based on current expectations, speak only as of the date of this letter and involve risks that may cause the actual results to be materially different. Certain information included in this material is based on data obtained from sources considered to be reliable. No representation is made with respect to the accuracy or completeness of such data, and any analyses provided to assist the recipient of this material in evaluating the matters described herein may be based on subjective assessments and assumptions and may use one among alternative methodologies that produce different results. Accordingly, any analyses should also not be viewed as factual and also should not be relied upon as an accurate prediction of future results. All figures are unaudited estimates and subject to revision without notice. Edenbrook disclaims any obligation to update the information herein and reserves the right to change any of its opinions expressed herein at any time as it deems appropriate.
Contact: Mike Goodwin, Mgoodwin@stantonprm.com, 646-502-3595
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SOURCE Edenbrook Capital, LLC | https://www.mysuncoast.com/prnewswire/2022/08/15/edenbrook-capital-sends-letter-hemisphere-media-group-special-committee/ | 2022-08-15T22:03:17Z |
No charges for Atlanta officers over May 2020 encounter with college students
ATLANTA (WGCL/Gray News) - The arrest affidavits for the police officers involved in an incident with two college students in May 2020 have been dismissed, according to a press release.
The arrest affidavits were issued for Lonnie Hood, Roland Claud, Mark Gardner, Armond Jones, Willie Sauls and Ivory Streeter.
Messiah Young and Taniyah Pilgrim were approached by police officers at 9:44 p.m. on May 30, 2020, after they violated curfew.
After the incident, attorneys for Pilgrim and Young claimed the police officers stormed their car, smashed the car windows and physically assaulted Young and Pilgrim. The incident was caught on camera and went viral after it was shared on social media.
According to the Cherokee Judicial Circuit District Attorney, the evidence in the case, which was investigated by the Georgia Bureau of Investigation, shows that the involved officers’ use of force, including the use of a Taser, was the direct result of Young and Pilgrim’s resistance and refusal to obey the officers’ instructions.
The district attorney also says that as soon as Young and Pilgrim were subdued, any force used by the officers ended immediately.
Additionally, not only was law enforcement acting within the scope of their legal authority in their actions to obtain compliance, their actions were also largely consistent with the Atlanta Police Department’s own use of force policy, according to the district attorney.
The district attorney’s office says that the video that was distributed by the media in the days following the incident was not an accurate portrayal of the entire encounter between Young, Pilgrim and law enforcement.
The curfew was in place because of protests following the murder of George Floyd in Minneapolis.
Young was reportedly filming protesters being arrested. Police told Young and Pilgrim to keep moving but they were unable to do so.
Young’s arm was fractured and cut during the incident and it required stitches. Pilgrim also claimed that she was injured. Both Young and Pilgrim claimed they suffered emotional and physical trauma.
Pilgrim was a student at Spelman College and Young was a student at Morehouse College at the time of the incident.
The following statement was issued on behalf of Young and Pilgrim by their attorneys, L. Chris Stewart, Justin Miller and Mawuli Davis:
“Messiah Young, Taniyah Pilgrim and their families are incredibly disappointed and disheartened by the decision announced today by the Cherokee Judicial Circuit District Attorney that charges against the Atlanta Police Dept. officers have been dismissed.
The world witnessed the outrageous and unjustified level of violence perpetrated against these college students. How can a broken arm and 25 stitches be deemed the appropriate response for an alleged curfew violation?
The fact that these students and their families had to wait in anguish and put their lives on hold for two years while this case was kicked around the legal system is equally outrageous.
The narrative that Georgia is on a ‘positive path’ as it relates to police accountability is a lie that should not be uttered or repeated. This decision only further erodes community confidence in the justice system.”
The following statement was issued on the behalf of officers Gardner and Streeter by their attorney, Lance LoRusso:
Copyright 2022 WGCL via Gray Media Group, Inc. All rights reserved. | https://www.kxii.com/2022/05/24/no-charges-atlanta-officers-over-may-2020-encounter-with-college-students/ | 2022-05-24T01:07:59Z |
WINDSOR, Conn., July 13, 2022 /PRNewswire/ -- SS&C Technologies Holdings, Inc. (Nasdaq: SSNC), a global provider of financial services and healthcare software and software-enabled services, will announce its financial results for second quarter ended June 30, 2022 after the close of the market on Wednesday, July 27, 2022. The earnings conference call, scheduled for Wednesday, July 27 at 5:00 p.m. Eastern Time, will discuss second quarter 2022 results.
Details of the release are as follows:
News Release: To be released on July 27, 2022. The release will be available over PR Newswire and from SS&C's website at www.ssctech.com. To receive the press release via email immediately after wire distribution, visit investor.ssctech.com and click on Email Alerts.
Earnings Call: Dial 888-210-4650 (US and Canada) or 646-960-0327 (International), and request the "SS&C Technologies Second Quarter 2022 Earnings Conference Call"; conference ID #4673675.
Audio Replay: A replay of the earnings call can be heard after 8:00 p.m. on July 27, 2022, until midnight on August 3, 2022. The dial-in number is 800-770-2030 (US and Canada) or 647-362-9199 (International); access code #4673675. The call will also be available for replay on SS&C's website after July 28, 2022; access: http://investor.ssctech.com/results.cfm
About SS&C Technologies
SS&C is a global provider of services and software for the financial services and healthcare industries. Founded in 1986, SS&C is headquartered in Windsor, Connecticut, and has offices around the world. Some 20,000 financial services and healthcare organizations, from the world's largest companies to small and mid-market firms, rely on SS&C for expertise, scale, and technology.
Additional information about SS&C (Nasdaq:SSNC) is available at www.ssctech.com. Follow SS&C on Twitter, Linkedin and Facebook.
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SOURCE SS&C | https://www.wibw.com/prnewswire/2022/07/13/ssampc-release-second-quarter-2022-earnings/ | 2022-07-13T14:09:08Z |
Which boho comforter set is best?
If you’re considering changing up the look of your bed, a boho comforter set is a bold choice. Bohemian style mixes loose and layered fabrics with new and old pieces. It also gives you the freedom to blend rich colors and textures to your liking. The rule is that there are no rules.
A top pick is the CozyTide Three-Piece Boho Comforter Set With Tassels, which is luxuriously soft and comes in green, white or taupe.
What to know before you buy a boho comforter set
Boho style defined
Boho, short for bohemian, erupted as a counterculture after the French Revolution. It evolved from low-income but often well-traveled artists who pieced together wardrobes from old, new and recycled items.
While the iconoclastically nomadic style derived from necessity, it has withstood the test of time and is still popular today. Contemporary boho design is considered chic at any price range, and you can add as much or as little of it to your decor as you want.
Care instructions
Many boho comforter sets feature delicate decorations such as braiding, tassels and lace, which can easily fall off or get damaged in your washing machine or dryer. Follow the included care instructions when you purchase your boho comforter set to ensure that it lasts and remains intact.
Included items
The average boho comforter set includes one comforter and two pillow shams. If you want more pieces, it would be a good idea to search for a bed in a bag boho comforter set. They typically include seven or more items, such as a sheet set, pillow shams and a comforter.
What to look for in a quality boho comforter set
Material types
When you pick out your boho comforter set, consider whether you are a hot or a cold sleeper. If you often get hot and toss blankets off your bed at night, you might want to reach for a lighter, natural fabric such as bamboo, cotton or linen. Go for thick wool, flannel or microfiber if you usually wake up cold and shivering.
Available sizes
Boho comforter sets are typically available in king, queen and full. However, some fantastic brands also carry less-common sizes, such as twin and California king.
Boho details
To ensure that you strike the right chord with the best boho comforter set, look for one that includes details such as loose layers, relaxed textures, macrame, braids, velvet, wrinkled linen, tassels and lace.
You also have the option to reach for a bold boho print. They are an eclectic blend that includes Eastern medallions, vintage paisley and rainbow patterns. You can also aim for retro designs of a sun setting over the hills or cacti under a mauve sky.
How much you can expect to spend on a boho comforter set
The cost of your boho comforter set will vary by brand, details, included items and material selection. Expect to pay around $60 for a synthetic material like microfiber and about $100 for a natural fabric such as cotton.
Boho comforter set FAQ
What accessories best complement a boho comforter set?
A. Nothing completes a boho comforter set better than signature accessories like tasseled throw pillows, vintage-inspired art and woven rugs.
What are the best boho colors?
A. The boho aesthetic is about mixing old and new items with worn patterns, faded colors and brand new retro prints. Feel free to stick to a monochromatic white, earth tones, rust, mauve, mustard, green, blue and pink.
What are other ways you can add a touch of boho to your entire home?
A. Add a touch of boho style to your home by picking up locally made figurines, art, baskets and textiles on your next global adventure — or at your local flea market. You can also add floor cushions to your family room, bamboo decorations around the house, floor plants and vintage furniture.
What’s the best boho comforter set to buy?
Top boho comforter set
CozyTide 3-Piece Boho Comforter Set With Tassels
What you need to know: This is the best boho comforter set if you are looking for simple monochrome bedding with a touch of macrame.
What you’ll love: This three-piece boho bedding set includes a comforter and two pillow shams that feature tasseled lining. Made from 100% cotton, it comes in three color options, and it is available in a king or a queen and is machine washable.
What you should consider: The manufacturer suggests the tassels are secure enough to withstand a dryer, but consider laying it flat to dry to ensure it lasts.
Where to buy: Sold by Amazon
Top boho comforter set for the money
Luxlovery Boho Comforter Set With Two Pillowcases
What you need to know: This is an oversized boho comforter set with a relaxed look and feel.
What you’ll love: This boho bedding set includes a comforter and two pillowcases — made from super affordable, but still luxe, 100% microfiber. Pick from 16 colors in a twin, full, queen or king size. Machine wash cold, tumble dry on low heat.
What you should consider: While this synthetic microfiber boho comforter set is ultra-soft, it is not very breathable.
Where to buy: Sold by Amazon
Worth checking out
Wake In Cloud Medallion Three-Piece Boho Comforter Set
What you need to know: If you don’t want fussy tassels or loose, wrinkled bedding, try this solid boho comforter set that features a bold medallion print.
What you’ll love: This three-piece boho comforter set is available in twin, full, queen, king or California king. It features a large gray center medallion print — machine wash, cold and tumble dry on low. This 100% microfiber bedding is wrinkle and fade-resistant.
What you should consider: It is important to note that this set features a gray medallion design on only one side of the comforter.
Where to buy: Sold by Amazon
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Ella Scott writes for BestReviews. BestReviews has helped millions of consumers simplify their purchasing decisions, saving them time and money.
Copyright 2022 BestReviews, a Nexstar company. All rights reserved. | https://cw33.com/reviews/br/bed-bath-br/bedding-br/best-boho-comforter-set/ | 2022-05-07T13:25:55Z |
Twitter’s board put up a defense mechanism against Elon Musk. Here’s what he could do next
By Clare Duffy, CNN Business
Twitter has indicated that it’s not interested in being bought by the world’s richest man without a fight. The social network’s board made a defensive maneuver that could thwart Elon Musk’s takeover bid, but he still has a range of options that suggest this Silicon Valley showdown is likely far from over.
Twitter’s board said on Friday it was implementing a shareholder rights plan, known as a “poison pill,” that would make it harder and more expensive for Musk (or any other would-be buyer) to acquire the company without the board’s approval. The plan came a day after Musk made an offer to acquire all the shares in Twitter he does not own for $54.20 a piece, valuing the company at around $41 billion. That represents a 38% premium over Twitter’s closing share price the day before Musk’s large ownership stake was revealed.
The poison pill plan, detailed in a filing with the Securities and Exchange Commission on Monday, will remain in place for nearly a year and will be triggered if Musk (or any other investor) expands his stake in the company to 15%; he currently owns around 9% of shares. It would give all other shareholders the right to buy one additional share for each share they own at a discount. While other shareholders executing their rights to buy new stock under the plan would have to pay $210 for each new share they purchased, Musk (or another hostile investor) would have to pay $420. (Twitter’s team proved Musk isn’t the only one capable of spicing up a serious corporate standoff with marijuana references.)
Now, eyes are back on Musk to see how he might respond to the board’s defensive measure.
“This all now becomes ‘a game of high stakes poker’ between Musk and Twitter’s Board with this upcoming week likely an eventful one as we expect to formally hear from both parties on their next move in this MMA battle for Twitter,” Wedbush analyst Dan Ives said in an investor note Sunday.
With the poison pill making the prospect of a Twitter takeover more challenging for Musk, he could decide to withdraw his bid, sit tight and exercise the still-significant influence he’d have at the company as one of its largest shareholders.
But for Musk — who said just last week that he doesn’t like to lose — that may be an unlikely course of action. Musk said in his acquisition offer letter: “I don’t have confidence in management nor do I believe I can drive the necessary change [at Twitter] in the public market,” and added that he might reconsider his position as a shareholder if the board rejects his offer.
Musk said in an interview at the TED conference last week that he has a “Plan B” if his bid falls through, although he declined to elaborate on what it is.
Will he launch a tender offer?
The media and industry experts have been breathlessly following Musk’s Twitter feed for possible clues about his next moves, a testament to the unusual nature of the situation. Some wondered whether his tweet on Saturday with the phrase “love me tender” was a hint that he’s considering circumventing Twitter’s board by offering to buy up shares en masse directly from other shareholders through a tender offer. (Alternatively, he might have just been on an Elvis kick this weekend.)
A tender offer could potentially be another trigger for the poison pill. However, Musk could launch a conditional tender offer, making the sale of the shares contingent on the Twitter board withdrawing the pill, said Ele Klein, partner and head of the M&A and Securities Group at law firm Schulte, Roth & Zabel.
“The theory of that is that if shareholders tender to that condition, he hasn’t violated the poison pill because he’s not closing it … and if enough people tender he can say to the company, ‘Look, I have the shares ready to be given to me, the only reason they can’t is because you, the board, is blocking the will of the shareholders,” Klein said.
Will he negotiate with Twitter’s board?
Musk could also respond to the poison pill by laying out his financing for the deal and future plans for the company, in an effort to gain support from Twitter’s board for his offer. The poison pill filing states that the plan is meant to “protect stockholders from coercive or otherwise unfair takeover tactics” but would not “interfere with any merger, tender or exchange offer or other business combination approved by the Board.”
“Given Musk’s antics over the years as well as comments at last week’s TED conference, [Wall] Street remains skeptical on this bid and more details need to be highlighted to get more investors on board and increase pressure on the Board,” Ives said in his Sunday note.
He could make his offer more compelling by partnering with a private equity firm on the bid, which would help clarify how the deal would be financed, and potentially upping his offer price, according to M&A experts. Some followers of the saga have suggested that Musk could team up with technology investment firm Silver Lake, which worked with Musk on his unsuccessful proposal to take Tesla private in 2018, although the fact the firm’s co-CEO, Egon Durban, sits on Twitter’s board could complicate matters.
Asset management and lending firm Apollo Global Management has been contacted by several parties considering bids for Twitter about potentially assisting with financing a deal, a source familiar with the firm confirmed to CNN Business Monday. It’s not clear whether those are parties to a Musk-connected offer or other bidders. (The Wall Street Journal first reported Apollo’s potential involvement Monday.)
Still, such a scenario could present challenges because Musk and a potential private equity partner would have to agree on the future vision and strategy for Twitter.
“The board would probably have to consider this if a higher offer came in with partners,” said George Geis, a professor of strategy at UCLA Anderson. But, he added, “if there are additional partners, they all have to agree on what they’re going to do with Twitter strategically and it’s an extraordinarily complicated environment, given the political dimension of the transaction and the extent to which [Musk believes] opinions should be able to be expressed on the site.”
Will the fight escalate?
In a far less friendly move, Musk could sue Twitter’s board over the poison pill, accusing it of not acting in the best interests of shareholders, although that would likely become a drawn out fight. (And Musk’s delay in disclosing his large stake in Twitter, which the SEC could take issue with, probably wouldn’t help his argument.)
Musk could also simply attempt to continue pressuring Twitter’s board from the outside to accept his deal, something he repeatedly did on Twitter over the weekend.
“He can keep saying, ‘Shareholders want this, why are you standing in the way of it?'” Klein said.
In the meantime, in addition to continuing to review Musk’s offer, Twitter’s board may be fielding or soliciting offers from other potential bidders. Reuters reported on Friday that buyout firm Thoma Bravo had approached Twitter about potentially making its own acquisition bid to rival Musk’s.
From the surprise disclosure of Musk’s stake and the whiplash of his acceptance and then quick withdrawal of a position on Twitter’s board to his very public offer to buy the company, little has been textbook in his approach and a prolonged battle would feel almost anticlimactic.
“It’s a daily saga and it’s so much unpredictability, given the potential acquirer [Musk] and what he might do,” Geis said. “Above all, it’s going to be a fun one to watch.”
The-CNN-Wire
™ & © 2022 Cable News Network, Inc., a WarnerMedia Company. All rights reserved. | https://localnews8.com/money/cnn-social-media-technology/2022/04/18/twitters-board-put-up-a-defense-mechanism-against-elon-musk-heres-what-he-could-do-next/ | 2022-04-19T00:16:55Z |
DALLAS (KDAF) — Getting your credit score to a good place should be something lingering in the back of your mind when it comes to managing debt and your financial situation. Upgraded Points has taken a look at some of the best and worst cities across the U.S. where you might consider when it comes to boosting your credit score.
The publication says, “Lower interest rates, better insurance coverage, and access to better credit cards are just a few of the benefits you can experience when establishing a good line of credit. In this post-pandemic world of car shortages, rising interest rates, and a booming housing market, credit scores have become extremely important.”
Here’s a look at the 10 best cities for boosting your credit score:
- Boston
- San Jose
- Rochester
- Albany
- San Francisco
- Minneapolis
- Salt Lake City
- Syracuse
- Madison
- San Diego
Here’s to the not-so-fun part for the Lone Star State. It’s got five of the worst cities in the U.S. for boosting credit scores according to this report. Check out the list of the worst cities:
- Houston
- El Paso
- Dallas
- New Orleans
- San Antonio
- Memphis
- Austin
- Atlanta
- Oklahoma City
- Nashville
Upgraded Points basically found that some of the big cities in Texas might want to be avoided if your main goal is boosting the ole credit score. “There are multiple factors that contribute to these cities being in this ranking, but the biggest common denominators are that they have the lowest average credit score and the highest average credit card debt. Although these cities have a low cost of living, the average mean credit score in Texas is 674, a full 40 points lower than the national average.”
The publication checked out multiple factors to find their rankings such as interest rates, cost of living index, average credit card debt, unemployment, and others. | https://cw33.com/news/texas/study-texas-has-5-of-the-worst-cities-in-the-us-for-boosting-your-credit-score/ | 2022-08-19T19:56:25Z |
Suncoast school districts still looking for teachers as start of semester nears
SARASOTA, Fla. (WWSB) - With schools in Sarasota and Manatee counties starting in a week, school officials say even though they’re still looking for teachers, classrooms will be covered when the first bell rings Aug. 10.
Florida’s teachers union, the Florida Education Association, estimated in April there were 9,000 projected teacher vacancies statewide, and more than 5,000 vacancies for support staff.
Sarasota County schools are still looking to fill 77 teaching positions and 87 support staff positions, spokeswoman Kelsey Whealy said. “Classes will be covered on the first day of school. If not by the teacher of record for that class, then by a short-term sub, long-term sub, school-based administrator or district administrator.”
She said the school district usually sees the most vacancies among ESE (Exceptional Student Education) positions at a variety of age levels, and highly specialized subject areas like math and science courses.
Things are slightly better in Manatee County, with 50 teaching positions still open. “We feel pretty good about where we’re at,” said Mike Barber, communications director of the Manatee County School District. He noted staffing levels are changing hourly. “We’ll have our classrooms covered.”
Wheley said they have had success at recent job fairs, with 42 teachers hired in April and 25 employees hired in June.
She said “mini fairs” are also scheduled at back-to-school events at various schools between now and the end of September.
Information about salary, benefits and position can be found on both the Sarasota County and manatee County websites.
Copyright 2022 WWSB. All rights reserved. | https://www.mysuncoast.com/2022/08/03/suncoast-school-districts-still-looking-teachers-start-semester-nears/ | 2022-08-03T20:47:32Z |
- Restaurant Noma will operate an exclusive three-night dinner series in Los Angeles, July 19-21
- Audi to bring renowned MAD Monday speaker series to Los Angeles on July 18; tickets available to the public on June 13
- Audi to provide funding for six scholarship recipients from the LA hospitality community to attend groundbreaking MAD Academy in Copenhagen, Denmark
LOS ANGELES, June 7, 2022 /PRNewswire/ -- Audi of America announced today a collaboration with the Copenhagen-based Restaurant Noma – named #1 in the world by the prestigious World's 50 Best Restaurants organization in 2021, and with the food and hospitality nonprofit MAD, reinforcing a shared passion for innovation, focus on sustainability and commitment to driving positive change.
The partnership includes bringing a three-night noma dinner series to Los Angeles this July, hosting the first ever MAD Monday event in LA and providing funding for six scholarship recipients to attend the MAD Academy in Copenhagen, Denmark.
noma
Three-Michelin-star Restaurant Noma and its founder, Danish chef René Redzepi, are known for a focus on foraging, innovation and a unique interpretation of New Nordic Cuisine. From sourcing local ingredients to reducing food waste, noma seeks to be an inspiration for other organizations around the world to embrace the opportunity for a more sustainable business model.
As part of the partnership with Audi, René and his team from Copenhagen will curate an exclusive invite-only three-night dinner series in Los Angeles from July 19-21. The menu for the dinner series will be a multi-course tasting menu of classic noma dishes inspired by their seasonal menus with a wine pairing selected by the noma team.
"I believe that organizations should continually innovate. At noma, we are constantly building things up to break them down, and then start over again—it's at the core of everything we do," said René Redzepi. "We should all take a step back into nature to find inspiration to reinvigorate the process of innovation."
Collaborating with noma strengthens Audi's mission to work with like-minded organizations that stand for living progress and creating a more sustainable future. Audi and noma share a commitment to sustainability and inclusion through actions grounded in purpose and a focus on creating a positive impact for individual and society as a whole.
"When you collaborate with like-minded people and companies you not only grow as an individual, but as an organization, too. I find Audi to be a forward-looking company with a strong focus on innovation; creating the ultimate design and experience to develop more sustainable solutions," said Peter Kreiner, noma CEO and co-owner.
MAD and The LA Scholars Award presented by Audi
MAD (Danish for "food") was established by Redzepi in 2011 as a nonprofit organization dedicated to creating sustainable change in restaurants and communities around the world. Launched in 2019, MAD Academy is an educational initiative based in Copenhagen that invites hospitality professionals to attend five-day intensive programs to gain the expertise, practical tools and inspiration they need to generate positive change in their workplaces, their communities, and the world at large.
Melina Shannon-DiPietro, executive director of MAD, says, "At MAD Academy, we ask ourselves: How might we build a restaurant industry with better working conditions and a more inclusive kitchen environment? How do we create an industry that contributes solutions to climate, environment, and biodiversity, while preserving the deliciousness and pleasure of the restaurant experience?"
As a long-time supporter of the culinary industry, Audi is announcing a pivotal scholarship program that will provide a remarkable opportunity for individuals from the Los Angeles hospitality community to attend the innovative MAD Academy in Copenhagen and learn how to adopt more sustainable practices that can impact and inspire others when they return home. The LA Scholars Award, MAD's most comprehensive scholarship to date, will provide funding for six recipients to attend their choice of MAD Academy program, including airfare, lodging, meals and all programmatic costs.
"Audi is honored to partner with MAD as our goals to drive change around diversity, equity and inclusion are very aligned," said Tara Rush, chief marketing officer, Audi of America. "With the LA Scholars Award, we're underscoring our mission to build a more sustainable and inclusive tomorrow, for automotive, culinary and beyond."
Individuals who reside and work in the greater Los Angeles area and who are interested in applying for the LA Scholars Award presented by Audi can find more information here: https://madacademy.dk/la-scholars/
MAD Monday
As part of its work to transform the hospitality industry, MAD hosts an ongoing series of public talks in local communities that are open to everyone with an interest in food and have an appetite for change. MAD Mondays began as a way to gather food fans and restaurant and hospitality workers on their traditional day off, Monday, to join in meaningful conversations with the goal of ultimately driving positive change in their industries.
MAD Monday LA, presented by Audi and MAD on July 18, will be the first MAD Monday event to be held this year and the first ever to be held in Los Angeles. Built on MAD and Audi's shared values of innovation and a commitment to sustainability, MAD Monday LA will be an evening of inspiration, learning, and community. The event, which will take place at the Hammer Museum in Los Angeles, will include a thought-provoking lecture and practical skill-building exercise designed to empower and inspire attendees.
The featured speaker will be Douglas McMaster, chef and owner of Silo. McMaster has been a lecturer for MAD Academy, inspiring the next generation of leaders to think differently about food systems, waste, and the industry at large. Doug is known as an influential speaker in Europe and MAD Monday LA will mark the first time he is presenting in the U.S.
The skill-building exercise will be a Planning Change Workshop – facilitated by renowned chef and MAD Academy director, Magnus Nilsson and program manager, Jack Muirhead. This workshop is a way for MAD Monday guests to get an exclusive peek into some of the transformative exercises that are typically reserved for students attending MAD's five-day Academy programs.
"Both Audi and MAD believe in spreading the power of positive impact—supporting talented individuals as they take their learnings from MAD back to their own communities to create long-lasting change," says Shannon-DiPietro.
Following the event, a reception featuring some of LA's diverse food offerings will allow the attendees, community members, young apprentices and luminaries the chance to network and connect.
To reserve tickets to attend MAD Monday LA, please visit: https://www.eventbrite.com/e/mad-monday-la-presented-by-audi-registration-342884164767 There is no cost to attend and tickets will open to the general public on Monday, June 13.
noma
Led by its founder and head chef René Redzepi, the three Michelin starred Restaurant Noma, five times recognized as the World's Best, works with an intimate network of purveyors to develop a cuisine that expresses its region's culture and seasons. In February 2017, noma closed at the harbor side warehouse that it called home for fourteen years. Twelve months later, the restaurant reopened in a new location and with a new philosophy focused on the region's three distinct seasons and myriad micro-seasons.
Beyond Copenhagen, and driven by a continued desire to learn, experience and expand their creativity and tastes, noma has also undertaken three international residencies including Japan (2015), Australia (2016) and Mexico (2017).
René Redzepi
René Redzepi is the founder, head chef and co-owner of noma. René Redzepi is the founder of MAD, a nonprofit that aims to build a community of cooks, purveyors, thinkers and enthusiasts, with an appetite for knowledge, a passion for food, and a desire to improve the world around it. In March 2021, he founded Noma Projects, an initiative that aims to transform the restaurant's collective knowledge, craft, and spirit into an engine for creative output and positive change.
Redzepi is the author of Noma: Time and Place in Nordic Cuisine, A Work in Progress, and the New York Times bestseller Foundations of Flavor: The Noma Guide To Fermentation. He is married to Nadine Levy Redzepi, and together they have three daughters: Arwen, Genta and Ro.
MAD
MAD (Danish for food) is a nonprofit organization that empowers the global hospitality community with the tools, inspiration, and knowledge to make a difference in their restaurants and the world. MAD was founded in Copenhagen, Denmark, in 2011 by René Redzepi, chef and owner of restaurant noma, with the ambition of transforming hospitality and driving change in food systems.
Since the very beginning, MAD has led important conversations about how the restaurant community can contribute to the health of the planet and positively contribute to the lives of those working in food. MAD's programs include a Symposium; a series of public talks in major cities around the globe; media shared through books, publications, and online videos; and VILD MAD, free resources to explore nature through foraging. In 2019, MAD launched its most ambitious project yet: an Academy supporting the food and hospitality industry with tools and knowledge for change makers.
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SOURCE Audi of America | https://www.wibw.com/prnewswire/2022/06/07/audi-teams-up-with-three-michelin-star-restaurant-noma-global-nonprofit-mad-spark-conversations-around-sustainability/ | 2022-06-07T14:05:19Z |
Washburn Rural, Washburn alum qualifies for U.S. Open
Published: Jun. 6, 2022 at 10:15 PM CDT|Updated: 1 hour ago
TOPEKA, Kan. (WIBW) - A former Kansas high school state golf champ and college Division II national player of the year is headed to the U.S. Open.
Andrew Beckler tied for third at Monday’s sectional qualifier in Rockville, Maryland. It was good enough for one of four qualifying spots from that tournament.
Beckler is a Washburn Rural High School and Washburn University golfer. He was named the Division II Jack Nicklaus National Player of the Year in 2021, tying for second at the NCAA golf national championships.
He will likely be the second Topeka native in the field - joining Gary Woodland - when the U.S. Open tees off June 16th.
Copyright 2022 WIBW. All rights reserved. | https://www.wibw.com/2022/06/07/washburn-rural-washburn-alum-qualifies-us-open/ | 2022-06-07T04:38:05Z |
Lawyers for OxyContin maker Purdue Pharma and many of those who had claims against the company over the toll of opioids joined together Friday to urge a federal judicial panel to allow a plan that would settle lawsuits across the country.
The legal question facing the judges from the 2nd U.S. Circuit Court of Appeals in New York: Does a bankruptcy judge have the authority to grant members of the Sackler family who own the company protection from civil lawsuits over the toll of opioids?
Sackler family members have insisted on the legal shield in exchange for providing the money behind the proposed settlement. And as their offer was boosted over more than two years of negotiations and mediation, most of the parties came to support the deal — including all the states.
But the U.S. Bankruptcy Trustee’s Office, an arm of the Justice Department, has continued pushing back, asserting it’s improper to provide a legal shield for members of the wealthy family who have not themselves filed for bankruptcy protection.
“A non-debtor says: ‘I can get the benefit of a discharge but I don’t need to comply with any of the rules of the bankruptcy code and I don’t need to contribute all of my assets,’” Michael Shih, a lawyer for the office, told a three-judge panel of the 2nd Circuit in a hearing Friday in New York City. “That’s the fundamental inconsistency here.”
Lawyers for Purdue and others who support the settlement said that the protections for Sackler family members would be limited to cases involving opioids and are needed to get a fair outcome, rather than seeing the fight continue through many trials all over the country.
“The releases at issue are not only important to the plan, they are absolutely essential,” said Mitchell Hurley, a lawyer for the official committee of unsecured creditors in Purdue’s bankruptcy case told the judges.
Purdue lawyer Marshall Huebner pointed out that unlike other parties, the Bankruptcy Trustee’s office and federal government are not in line to receive any money from the settlement. He told the judges that allowing lawsuits against the Sacklers to move forward might not result in more money to fight the opioid crisis — in part because most of the family’s wealth is in trusts, much of it overseas.
“We are bringing in billions and billions of dollars to save lives,” Huebner told the court.
All three judges asked pointed questions on the positions of both Huebner and Shih.
The 2nd Circuit judges did not indicate when they would rule, but it often takes weeks or months after a hearing.
No matter how the 2nd Circuit rules on the case, an appeal to the U.S. Supreme Court is possible. If Purdue and its allies win, they still must go back to the bankruptcy judge to get the latest version of the deal approved.
Under the planned deal, Sackler family members would contribute $5.5 billion to $6 billion over time, plus give up ownership of the company. Purdue would then become a new entity known as Knoa Pharma that would dedicate its profits to fighting the nation’s opioid epidemic.
Most of the Sacklers’ money also would go to fighting the epidemic, but at least $750 million would be distributed to some individual victims and their families.
Other product-liability cases have been settled through bankruptcy court by using the sort of protections this deal would give the Sacklers. But opponents of the settlement are challenging the strategy based on the fact that a handful of parties still object to the deal.
Almost all the governments and other entities that originally sued Purdue have agreed to the settlement. Besides the bankruptcy trustee, the only official objectors left are Canadian local governments and First Nations, and two mothers of sons who died of opioid overdoses.
This week, more than 1,000 families who have lost loved ones to overdoses sent a letter asking the U.S. Justice Department to drop its opposition. They said individual victims would not receive payments if the settlement is derailed.
One of the letter-signers is Chery Juaire of Marlborough, Massachusetts, who lost two adult sons to overdoses. She said Friday that she hopes the court clears the way for the settlement — and that the Justice Department stops fighting against it.
“We just hope the judges agree with our position and hope they rule soon,” she said, “because lives are at stake.”
The federal judge overseeing Purdue’s bankruptcy case approved a settlement last year that was later rejected on an appeal brought primarily by attorneys general for eight states and the District of Columbia. The sides then went to mediation that ultimately persuaded the Sacklers to increase their contribution by more than $1 billion.
Purdue is perhaps the highest-profile player in the opioid industry. But several other drugmakers, distribution companies and pharmacies also have been sued by state and local governments. While a handful of cases have gone to trial, many also are being settled.
Earlier this year, drugmaker Johnson & Johnson and distribution giants AmerisourceBergen, Cardinal Health and McKesson finalized deals to provide a total of $26 billion. Most of the money is required to be used to fight the opioid crisis, which has been linked to more than 500,000 deaths in the U.S. over the last two decades. | https://cw33.com/news/u-s-news/ap-u-s-headlines/appeals-court-to-consider-paving-way-for-purdue-pharma-deal/ | 2022-04-30T00:43:17Z |
Edmunds picks 5 SUVs to help you save at the pump
By MILES BRANMAN
Edmunds
With gas prices reaching record highs, many car shoppers may be asking themselves: “Which SUVs are the most fuel-efficient?” Edmunds brings you five options to consider so you can spend less time and money at the pump. We take a look at the 2022 Ford Escape Hybrid, Toyota RAV4 Hybrid, Hyundai Tucson Hybrid, Toyota Highlander Hybrid, plus the all-electric Tesla Model Y. | https://localnews8.com/news/ap-national-business/2022/04/06/edmunds-picks-5-suvs-to-help-you-save-at-the-pump/ | 2022-04-06T11:55:20Z |
The Malomo Agency Partner Program introduces Shopify agencies and consultants to revenue-generating channels that improve their clients' post-purchase experience.
INDIANAPOLIS, July 19, 2022 /PRNewswire/ -- Malomo, the leader in post-purchase shipping experience for Shopify brands like Olipop and True Classic Tees, has launched a new Agency Partner Program for Shopify agencies and consultants that want to improve customer retention and repeat purchases for their clients. Malomo's Agency Partner Program gives Shopify agencies and consultants the ability to add transactional messaging and branded order tracking pages to their retention strategy, empowering them to deliver revenue-driving post-purchase experiences to their clients at scale.
Until today, Shopify agencies and consultants have supported their clients by implementing best-in-breed e-commerce tech stacks focused on generating additional revenue. Services like email marketing, SMS marketing, conversion optimization, subscription management, omni-channel personalization and customer support have played a major role in the growth of Shopify-based businesses, but there is a missing piece to the tech stack. The reality is that none of these services leverage the best time to turn one-time customers into loyal fans and repeat business. In fact, Malomo has identified that the transactional experience is the biggest opportunity to generate additional revenue for an e-commerce business.
Malomo's Agency Partner Program now helps agencies who were missing out on opportunities to help their clients grow through post-purchase retention. Some of the Malomo Agency Partner Program benefits include:
- New revenue streams
- Lead sharing
- Co-marketing opportunities
- Early access to Malomo features
"We've been lucky to work with some incredible agencies and partners who have played a critical role in delivering a premium post-purchase experience for their clients while creating new revenue streams for their business," said Yaw Aning, CEO of Malomo. "We're super excited to formally extend the Agency Partner Program to all Shopify agencies that want the ability to help their clients retain and grow more customers through a branded order tracking experience."
One Shopify agency that's seen dramatic results from Malomo's Agency Partner Program is Electriq, a DRINKS company, that helps e-commerce brands improve retention and increase LTV. "Malomo allows us to take all the shipping data we are syncing into Klaviyo and create personalized, transactional journeys that always drive a ridiculous ROI for every brand that we start with on email and SMS," said Brandon Amoroso, Founder of Electriq. "We have onboarded 12 new email and SMS clients in the last few months and not a single one has had transactional messages outside of the Shopify native ones. It's awesome. We're going to come in and produce positive results for them from day one by utilizing Malomo."
Apply to Malomo's Agency Partner Program today and receive a special offer throughout Q3 of 2022. Please visit gomalomo.com/agency-program for details.
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SOURCE Malomo | https://www.kxii.com/prnewswire/2022/07/19/malomo-continues-their-rapid-expansion-into-shopify-ecosystem-by-launching-new-agency-partner-program/ | 2022-07-19T16:44:49Z |
Adobe veteran brings over 20 years of global HR experience to help accelerate the
company's rapid growth and expansion
LONDON, May 16, 2022 /PRNewswire/ -- Unit4, a leader in enterprise cloud applications for people-centric organizations, today announced the appointment of Tania Garrett as Chief People Officer.
Tania will oversee the company's people success function where she will be responsible for talent acquisition, learning & development, compensation & benefits, as well as regional HR field teams. Tania will report to Mike Ettling, Chief Executive Officer, Unit4.
With more than two decades of human resources experience, spanning various industries and geographies within established industry leading organizations, Tania is well versed in providing HR leadership in international high-growth businesses. As well as guiding companies through complex acquisitions and mergers, she has a proven track record in organizational design and leading multi-location teams to deliver high level Employee Experience.
Tania joins Unit4 from Adobe where she led International Employee Experience, covering the EMEA, APAC and Japan regions. Having previously managed the EMEA Employee Experience organization, Tania was instrumental in transforming Adobe's employee experience, standardizing, and improving processes and, crucially, developing the culture.
Prior to joining Adobe, Tania held the position of Group HR Director for a legal services company and successfully navigated the sale of the business with a newly hired management team. She also worked for Experian as HR Director across EMEA and, before that, as Head of HR and HR services at Towers Watson, a leading global professional services company. Her career started at Valspar, culminating in the role of Human Resources Director across EMEA and India.
"We are excited to welcome Tania to Unit4 and, as a people centric business, we are delighted to have someone with her wealth of global experience, talent and passion for people, join the company through our next phase of growth," said Mike Ettling, Chief Executive Officer, Unit4. "With a track record of strategic leadership and hands-on execution, she will help us to further invest in our people and accelerate Unit4's journey to support our customers in delivering an exceptional people experience to their organization as well as to their customers."
"I am thrilled to be joining Unit4 at a time when we are all emerging from the pandemic, and businesses are looking to shift their priorities back to sustainable growth," said Tania Garrett, Chief People Officer. "Now, more than ever, leaders need to retain talent and motivate their people in new ways, and I very much look forward to being part of that journey here at Unit4."
About Unit4
Unit4's next-generation enterprise solutions power many of the world's most people-centric mid-market organizations. Our state-of-the-art cloud platform, ERPx, brings together the capabilities of Financials, Procurement, Project Management, HR, and FP&A onto a unified cloud platform that shares real-time information and is designed with a powerful, people-centric approach, so employees can benefit from better insight and become more effective and increasingly engaged. It supports rapid and continuous change while delivering individualized fit for customers at scale, delivering the right tools to unify the processes across their organization, and connect their people. Unit4 serves more than 6,000 customers globally including, Bravida, Havas, Migros Aare, Americares, Save the Children International, Action against Hunger, Metro Vancouver, Forest Research, Southampton City Council, Habitat for Humanity, Selkirk College, FTI Consulting, and Surrey County Council.
For more information please visit https://www.unit4.com/, follow us on Twitter @Unit4global, or visit our LinkedIn page
Media Contact:
Lisa Stassoulli
Global Communications Manager, Unit4
Mobile: +44(0)7870 916827
Lisa.Stassoulli@unit4.com
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SOURCE Unit4 | https://www.wibw.com/prnewswire/2022/05/16/unit4-appoints-tania-garrett-chief-people-officer/ | 2022-05-16T13:17:07Z |
UPPSALA, Sweden, July 14, 2022 /PRNewswire/ --
Good tailwind in the financial development
Q2 2022 highlights
- Total net revenues of SEK 147.8 m (142.8)
- EBITDA of SEK -32.5 m (-41.1)
- Net earnings of SEK -35.8 m (-73.7)
- US Pharma segment (ZUBSOLV® US) net revenues of SEK 139.6 m (126.0), in local currency USD 14.2 m (15.0), US Pharma EBIT of SEK 77.2 m (61.6)
- Cash flow from operating activities of SEK 14.5 m (-20.9), cash and invested funds of SEK 467.7 m (679.7)
- Earnings per share before and after dilution amounted to -1.04 (-2.15)
- Christine Rankin and Michael J Matly were elected as Board members at the Annual General Meeting. They replace David Colpman and Kirsten Detrick who have declined re-election.
- Orexo´s partner Gesynta Pharma's drug candidate GS-248 (OX-MPI) granted Orphan Drug Designation in the US by the FDA for the treatment of systemic sclerosis
Important events after the period
- First clinical study initiated for OX640, a nasal adrenaline rescue medication for allergic reactions
- The digital therapy deprexis® reimbursed within the US Veterans Affairs Federal Supply Schedule
- Financial outlook 2022 reiterated
CEO Comments
A leader in providing new innovative treatment solutions for patients suffering from opioid dependence
"I am pleased to report ZUBSOLV® demand fully stabilized versus Q1, contributing to an improved development for our main business, US Pharma. Comparing to last year US Pharma net revenues increased by 11 percent driven by a strong USD and a favorable payer mix, offsetting a negative development in ZUBSOLV® demand. With a significant exposure to the US dollar also in our expenses, I am particularly pleased to see a continued improved EBITDA compared to last year, which supports an increase in our cash position of 30 million. The financial development should be seen in the light of our continued investment in future growth drivers, in particular the finalizing of OX124, our opioid overdose rescue medication, for registration in the US later this year. Additionally, we are launching and in parallel running a large clinical trial for MODIA®, our digital therapy for opioid use disorder (OUD), also in the US. These investments are all important elements in a comprehensive solution to improve access to treatment and outcome for patients suffering from OUD."
To read the full CEO Comments view attached PDF.
For further information, please contact
Nikolaj Sørensen, President and CEO, Joseph DeFeo, EVP and CFO, or Lena Wange, IR & Communications Director
Tel: +46 18 780 88 00, +1 855 982 7658, E-mail: ir@orexo.com
Presentation
At 2 pm CET the same day as the announcement of the report Orexo invites analysts, investors and media to
attend a presentation where Nikolaj Sørensen, CEO, Joseph DeFeo, CFO, and Dennis Urbaniak, SVP Digital Therapeutics, will present the report and host a Q&A.
Please view the instructions below on how to participate
Internet: https://tv.streamfabriken.com/orexo-q2-2022
Telephone: SE: +46 8 56 64 27 04 UK: +44 33 33 00 92 63 US: +1 64 67 22 49 56
Prior to the call presentation material will be available on Orexo´s website Investors/Reports, presentations, audiocasts.
This information is information that Orexo AB (publ.) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons set out above, at 8.00 am CET on July 14, 2022.
This information was brought to you by Cision http://news.cision.com
The following files are available for download:
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SOURCE Orexo | https://www.wibw.com/prnewswire/2022/07/14/orexo-interim-report-q2-2022/ | 2022-07-14T06:50:32Z |
NEW YORK, June 2, 2022 /PRNewswire/ -- LivePerson, Inc. (NASDAQ: LPSN) ("LivePerson" or the "Company"), a global leader in conversational AI, today issued the following statement in response to the letter issued by Starboard Value LP ("Starboard"):
LivePerson welcomes input from all shareholders. Since Starboard first disclosed its investment in the Company in late February 2022, members of the LivePerson Board and management team have constructively engaged with Starboard on an ongoing basis in an effort to better understand its views, and with a goal to serve the best interests of all shareholders.
Our Board and leadership have a long history of thoughtfully implementing change to serve the best interests of the Company and its shareholders. Our strong track record of purposefully evolving our business has enabled us to maintain long-term market leadership in the highly dynamic space of digital consumer experience. This same commitment underpins our award-winning innovation and corporate culture, which have earned us recent recognitions as one of Inc.'s Best-Led Companies, Newsweek's Most Loved Workplaces, Built In's Best Places To Work, and Fast Company's #1 Most Innovative AI Company in the World, together with numerous other prestigious technology industry recognitions.
In keeping with LivePerson's longstanding commitment to sustainable innovation and business evolution, the Board has been engaged in an ongoing process to consider new independent director candidates who enhance the skill sets of our Board to oversee the Company's long-term strategy and expand our Board's diversity. Our newest director, Ernest Cu, who serves as the CEO of a leading telecommunications company, was appointed in mid-2021 as part of this ongoing refreshment process of our seven-person Board.
Consistent with our Board refreshment process and further to our good-faith engagement with Starboard, we have committed to Starboard that we would include its nominees in the process, and we have repeatedly requested to interview them. Identifying and recommending new members for LivePerson's Board is a process we take seriously. To fulfill our fiduciary duties, we must meet with board candidates to understand what skills, expertise, commitment and contributions an individual might bring to the Board and the Company. Despite these good faith requests over the course of many discussions, Starboard has declined to allow us access to their nominees, indicating that we must first agree in advance to add Starboard candidates to our Board. This precondition has hindered progress, preventing the LivePerson Board from evaluating Starboard's nominees to ensure that the Board has the best mix of skill sets and experience to oversee the Company's long-term strategy and delivery of value to shareholders.
Starboard first informed us of both its presence as a new shareholder, and of its director nominations at the end of February 2022, on the latest possible date in LivePerson's nomination window. Starboard's last-minute notice of its nominees, coupled with Starboard's posture on hindering our Board's ability to interview its proposed Board candidates, have impacted the timing of our 2022 Annual Meeting relative to last year's meeting date.
Regardless of how Starboard may misrepresent the facts to suit its narrative, LivePerson remains committed to engaging in constructive dialogue with Starboard, and we are guided first and foremost by our focus on serving the best interests of all shareholders.
The Board will present its recommendations regarding director nominees for election at the Company's 2022 Annual Meeting in the Company's definitive proxy statement, accompanying GOLD proxy card and other relevant documents to be filed with the SEC.
LivePerson (NASDAQ: LPSN) is a leading Conversational AI company creating digital experiences that are Curiously Human. Every person is unique, and our technology makes it possible for companies to treat their audiences that way at scale. Our customers, including leading brands like HSBC, Orange, and GM Financial, can now meet consumers where they are across social media, messaging, email, voice, and more. Nearly a billion conversational interactions are powered by our Conversational Cloud each month. Out of that comes a uniquely rich data set for AI for brands to build connections that are anything but artificial. Fast Company named us the #1 Most Innovative AI Company in the world. To talk with us or our Conversational AI, please visit liveperson.com.
Statements in this press release regarding LivePerson that are not historical facts are forward-looking statements and are subject to risks and uncertainties that could cause actual future events or results to differ materially from such statements. Any such forward-looking statements, including but not limited to financial guidance, are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. It is routine for our internal projections and expectations to change as the quarter and year progress, and therefore it should be clearly understood that the internal projections and beliefs upon which we base our expectations may change. Although these expectations may change, we are under no obligation to inform you if they do. Some of the factors that could cause actual results to differ materially from the forward-looking statements contained herein include, without limitation: major public health issues, and specifically the pandemic caused by the spread of COVID-19, and their effects on the U.S. and global markets; our ability to retain key personnel, attract new personnel and to manage staff attrition; strain on our personnel resources and infrastructure from supporting our existing and growing customer base; the ability to successfully integrate past or potential future acquisitions; our ability to secure additional financing to execute our business strategy; delays in our implementation cycles; payment-related risks; potential fluctuations in our quarterly revenue and operating results; limitations on the effectiveness of our controls; non-payment or late payment of amounts due to us from a significant number of customers; volatility in the capital markets; recognition of revenue from subscriptions; customer retention and engagement; the migration of existing customers to our new platform; our ability to attract new customers and new consumer users of our consumer services; our ability to develop and maintain successful relationships with social media and other third-party consumer messaging platforms and endpoints; the highly competitive markets in which we operate; general economic conditions; privacy concerns relating to the Internet that could result in new legislation or negative public perception; new regulatory or other legal requirements that could materially impact our business; governmental export controls and economic sanctions; industry-specific regulation and unfavorable industry-specific laws, regulations or interpretive positions; future regulation of the Internet or mobile devices; greater than anticipated income, non-income and transactional tax liabilities; failures or security breaches in our services, those of our third party providers, or in the websites of our customers; regulation or possible misappropriation of personal information belonging to our customers' Internet users; technology systems beyond our control and technology-related defects that could disrupt the LivePerson services; our dependence on the continued viability of the Internet; our ability to protect our intellectual property rights or potential infringement of the intellectual property rights of third parties; the use of AI in our product offerings; the presence of, and difficulty in correcting, errors, failures or "bugs" in our products; our ability to license necessary third party software for use in our products and services, and our ability to successfully integrate third party software; potential adverse impact due to foreign currency and cryptocurrency exchange rate fluctuations; additional regulatory requirements, tax liabilities, currency exchange rate fluctuations and other risks as we expand internationally, as we expand into new offerings including AI-assisted healthcare and/or as we expand into direct-to-consumer services; risks related to our operations in Israel and Ukraine, and the civil and political unrest and potential for armed conflict in those regions; potential failure to meeting service level commitments to certain customers; legal liability and/or negative publicity for the services provided to consumers via our technology platforms; technological or other defects that could disrupt or negatively impact our services; our ability to maintain our reputation; our lengthy sales cycles; changes in accounting principles generally accepted in the United States; natural catastrophic events and interruption to our business by man-made problems; potential limitations on our ability to use net operating losses to offset future taxable income; risks related to our common stock being traded on more than one securities exchange; and other factors described in the "Risk Factors" section of the Company's Annual Report on Form 10-K for the year ended December 31, 2021, filed with the SEC on February 28, 2022. This list is intended to identify only certain of the principal factors that could cause actual results to differ from those discussed in the forward-looking statements. Readers are referred to the Company's reports and documents filed from time to time by us with the Securities and 6 Exchange Commission for a discussion of these and other important factors that could cause actual results to differ from those discussed in forward-looking statements. This announcement is not, and is not intended to be, an offer or sale of tokens or securities.
LivePerson intends to file a proxy statement and GOLD proxy card with the SEC in connection with the solicitation of proxies for LivePerson's 2022 Annual Meeting of Stockholders (the "Proxy Statement" and such meeting the "2022 Annual Meeting"). BEFORE MAKING ANY VOTING DECISION, INVESTORS AND STOCKHOLDERS OF LIVEPERSON ARE URGED TO READ ALL RELEVANT DOCUMENTS FILED WITH OR FURNISHED TO THE SEC, INCLUDING THE PROXY STATEMENT AND ANY SUPPLEMENTS THERETO BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION. Investors and stockholders will also be able to obtain a copy of the definitive Proxy Statement and other documents filed by LivePerson free of charge from the SEC's website, www.sec.gov. LivePerson's stockholders will also be able to obtain, without charge, a copy of the definitive Proxy Statement and other relevant filed documents from the Company's website, https://ir.liveperson.com.
LivePerson, its directors and certain of its executive officers will be participants in the solicitation of proxies from stockholders in respect of the 2022 Annual Meeting. Information regarding the names of LivePerson's directors and executive officers and their respective interests in LivePerson by security holdings or otherwise is set forth in LivePerson's amended Annual Report on Form 10-K for the fiscal year ended December 31, 2021, filed with the SEC on February 28, 2022, as amended by the Form 10-K/A filed on May 2, 2022 (the "Amended Annual Report"). To the extent holdings of such participants in LivePerson's securities have changed since the amounts described in the Amended Annual Report, such changes have been reflected on Initial Statements of Beneficial Ownership on Form 3 or Statements of Change in Ownership on Form 4 filed with the SEC. Additional information can also be found in the Amended Annual Report. Details concerning the nominees of LivePerson's Board of Directors for election at the 2022 Annual Meeting will be included in the Proxy Statement.
Investors: ir-lp@liveperson.com
Media: Mike Tague, mtague@liveperson.com
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SOURCE LivePerson, Inc. | https://www.mysuncoast.com/prnewswire/2022/06/02/liveperson-sets-record-straight-its-engagement-with-starboard-starboards-proposed-directors/ | 2022-06-02T15:55:35Z |
Friday forecast: Morning showers, afternoon sun
Similar scenario Saturday with morning rain and afternoon sun
TOPEKA, Kan. (WIBW) - The big weather story will be the morning rain both this morning and Saturday morning but both afternoons will be dry and mostly sunny. So you’ll need both the umbrella and your sunglasses. (Record) heat will be the concern Sunday through Wednesday.
Taking Action:
- With rain chances both this morning and Saturday morning, Saturday morning will have a higher probability of rain having more of an impact on any outdoor events due to the better chance of it being more scattered and heavier. While a few isolated showers could linger between 12-2pm both mornings, most areas will be dry by noon. Lightning will be the primary hazard so if you hear thunder, seek shelter by heading inside.
- Get ready for summer-like heat Sunday through Wednesday. The good news is humidity won’t be too bad but heat indices will still likely be in the triple digits. Make sure you’re prepared and adjust your outdoor activities accordingly. Keep your pets in mind as well.
The rain this morning into the weekend will be isolated to scattered at best. There does remain differences in the models on how heavy the rain will be. Think most areas will be in the 0.10″-0.50″ range however there could be several spots that could get up to 1″ as well. Higher probability that areas north of I-70 will have the higher rainfall totals but it will be something to monitor throughout the weekend.
Today: Isolated showers with a low risk for t-storms this morning with decreasing clouds this afternoon. Highs in the mid 80s to low 90s. Winds S 5-15, gusts up to 20 mph.
Tonight: Scattered showers/storms developing after 2am. Lows in the mid 60s to low 70s. Winds S 5-15, gusts up to 20 mph.
Tomorrow: Scattered showers/storms mainly in the morning with decreasing clouds in the afternoon. Highs in the upper 80s-low 90s. Winds S 10-20, gusts up to 30 mph.
One more round of rain is expected Saturday night into early Sunday morning and this could include a chance in the evening hours in north-central Kansas otherwise most of Sunday will be dry and mostly sunny. Highs start to warm up in the mid 90s for most areas with upper 90s possible out toward central KS. Winds will gust up to 30 mph.
Monday through Wednesday will remain in the mid-upper 90s but with relatively lower humidity by Tuesday. Heat indices 100-104 is possible. The record highs in Topeka Sunday through Thursday are as followed 101, 97, 98,98,99.
There remains a big differences in the models on whether a cold front pushes through Wednesday leading to much cooler temperatures for Thursday and Friday or if it hangs up to the north. This could be the difference between highs in the 70s by Friday or still in the 90s so the 8 day is an average of the two models. The model that brings a cold front through leads to a low rain chance however the other model is dry so don’t be surprised if the forecast changes considerably for next Thursday and Friday in the coming days as models start to agree with one another.
Copyright 2022 WIBW. All rights reserved. | https://www.wibw.com/2022/09/16/friday-forecast-morning-showers-afternoon-sun/ | 2022-09-16T09:33:24Z |
WASHINGTON (AP) — Vice President Kamala Harris said Wednesday the U.S. is safer if people in other countries have sufficient water to drink, grow food and safely dispose of sewage, emphasizing that water access is a foreign policy priority.
Harris said making sure that every country has enough water will prevent conflicts, improve health outcomes and boost local economies. Working towards those goals will make the world more stable and secure, according to a newly released White House plan to address issues facing global water supplies and quality.
The Biden administration said it will support investments in water infrastructure abroad and provide technical expertise to help other countries manage their water resources.
More than two billion people around the world live in “water stressed” countries where demand for water exceeds supplies, the World Health Organization estimates. Harris said that reality will have a “profound impact on America’s interests around the globe.”
“Water insecurity makes our world less stable,” she said, adding that it can lead to “mass migration, which can put significant pressure on neighboring communities.”
Republicans have criticized the Biden administration over the number of migrants arriving at the Southern border. Harris has frequently said tackling migration requires addressing “root causes,” and previously proposed providing short-term relief to some Central American countries dealing with extreme weather events.
Wednesday’s plan states that gaps in access to basic sanitation in Central America “contribute to inequality, drive migration, and foment civil unrest.”
Climate change will increase temperatures and drive extreme weather, making water access in some regions worse. So far, the world has made modest, uneven progress towards improving sanitation and drinking water services, the White House said.
Inadequate water access has the most effect on women, who need water for menstrual hygiene and are often responsible for transporting water, the plan said.
The WHO estimates that 2 billion people worldwide drink from a water source contaminated with feces, which can cause diarrhea and other diseases. The problem kills an estimated 485,000 people a year, according to the organization.
U.S. Agency for International Development administrator Samantha Power said Russia’s invasion of Ukraine has deprived millions in that country of clean water.
“Some leaders are taking advantage of water insecurity and actually wielding it as a weapon of war,” said Power, who also spoke at the event.
The White House said it would use existing resources to implement the plan, but was thin on specifics about how deadlines or goals would be met. Those goals include improving clean water access without increasing greenhouse gas emissions, helping other countries sustainably manage resources, and getting international organizations to address water security issues.
Harris spoke at the White House alongside Power and Kathleen Hicks, deputy secretary at the Department of Defense. Other speakers included Alice Albright, CEO of the Millennium Challenge Corporation and the daughter of former U.S. Secretary of State Madeleine Albright.
“Many of our most fundamental national security interests depend on water security,” Harris said.
The Biden administration also released a one-year report on its efforts to combat drought, a significant, stubborn problem impacting much of the western United States. Harris said the infrastructure bill passed last year directed billions toward water infrastructure, including the replacement of toxic lead pipes.
Harris’ home state of California has been especially hard hit by dry conditions. Less water has increased the risk of wildfires and forced water restrictions on millions of Californians.
“Across the West, we have seen the terrible cost of the climate crisis,” Harris said.
___
Phillis reported from St. Louis.
___
The Associated Press receives support from the Walton Family Foundation for coverage of water and environmental policy. The AP is solely responsible for all content. For all of AP’s environmental coverage, visit https://apnews.com/hub/environment | https://cw33.com/news/politics/ap-politics/harris-calls-water-security-a-foreign-policy-priority/ | 2022-06-02T16:49:05Z |
SINGAPORE, June 22, 2022 /PRNewswire/ -- From Apr 26 to Jun 6, Multichain's fastMPC Testnet Program was live. As of June 6, a total of 122 nodes signed up for the fastMPC testnet. Meanwhile, over 200 participants from Multichain's community have actively engaged in the discussions on node registration and network optimization.
What is fastMPC?
Secure Multi-Party Computation (MPC) network is the core technology underpinning Multichain, also the key to Multichain security model and mechanism. fastMPC, or MPC 2.0, is an upgraded version, it offers increased speed, better preformance and enhanced security.
- fastMPC performs 4–5 times faster than MPC 1.0, which will contribute to more speedy and smoother cross-chain solutions and experience.
- Rounds of internal and external audits have been made to make sure contracts do not have frequently occurred and high-risk bugs. Effective measures have also been taken to prevent dishonest nodes.
Why did Multichain launch fastMPC Testnet?
The purpose of the testnet program was to enhance the functional stability of the nodes for distributed computation in an extranet environment, and to validate all the technical and cryptographic designs of fastMPC to facilitate a seamless migration to the fastMPC mainnet, where all Multichain cross-chain bridge, router, and anyCall may operate smoothly and efficiently. More importantly, the launch of fastmpc testnet was a step towards Multichain's goal to enhance Multichain's further decentralization.
What is next?
Multichain is planning a phase 2 program with fastMPC to further optimize fastMPC network, which is expected to live very soon. More users will be able to participate in the node running and get involved in a fully decentralized with fewer technical skills required.
About Multichain:
Multichain, born as Anyswap on the 20th July 2020, is positioned as a fully decentralized Cross-Chain Router Protocol (CRP), an infrastructure supporting multi-chain ecosystem. Multichain envisions to be the ultimate router for web3. It has taken an absolute leading position in the cross-chain industry in terms of its rapidly expanding ecosystem map (53 supported chains and over 2,400 bridges), large DAU number, innovative product and high TVL totaled $3.2B.
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SOURCE Multichain | https://www.kxii.com/prnewswire/2022/06/23/multichain-launched-fastmpc-testnet-program/ | 2022-06-23T02:25:30Z |
NEW YORK, July 1, 2022 /PRNewswire/ -- The Necessity Retail REIT, Inc. (Nasdaq: RTL/ RTLPP / RTLPO) ("RTL") announced today that it intends to continue to pay dividends on its shares of Class A common stock at an annualized rate of $0.85 per share or $0.2125 per share on a quarterly basis. RTL anticipates paying dividends authorized by its board of directors on its shares of Class A common stock on a quarterly basis in arrears on the 15th day of the first month following the end of each fiscal quarter (unless otherwise specified) to Class A common stock holders of record on the record date for such payment.
Accordingly, RTL declared a dividend of $0.2125 per share of Class A common stock payable on July 15, 2022 to Class A common stock holders of record at the close of business on July 11, 2022.
About The Necessity Retail REIT Where America Shops
The Necessity Retail REIT, Inc. (Nasdaq: RTL) is a publicly traded real estate investment trust listed on the Nasdaq focused on acquiring and managing a diversified portfolio of primarily service-oriented and traditional retail and distribution related commercial real estate properties in the U.S. Additional information about RTL can be found on its website at www.necessityretailreit.com.
Important Notice
The statements in this press release that are not historical facts may be forward-looking statements. These forward-looking statements involve risks and uncertainties that could cause the outcome to be materially different. In addition, words such as "may," "will," "seeks," "anticipates," "believes," "expects," "estimates," "projects," "plans," "intends," "should" and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. These forward-looking statements are subject to a number of risks, uncertainties and other factors, many of which are outside of RTL's control, which could cause actual results to differ materially from the results contemplated by the forward-looking statements. These risks and uncertainties include (a) the potential adverse effects of (i) the ongoing global COVID-19 pandemic, including actions taken to contain or treat COVID-19, and (ii) the geopolitical instability due to the ongoing military conflict between Russia and Ukraine, including related sanctions and other penalties imposed by the U.S. and European Union, and other countries, as well as other public and private actors and companies, on RTL, RTL's tenants and the global economy and financial markets, and (b) that any potential future acquisition including the remaining property in the CIM portfolio is subject to market conditions and capital availability and may not be identified or completed on favorable terms, or at all, as well as those set forth in the Risk Factors section of RTL's most recent Annual Report on Form 10-K for the year ended December 31, 2021 filed on February 24, 2022, and all other filings with the SEC after that date, as such risks, uncertainties and other important factors may be updated from time to time in RTL's subsequent reports. Further, forward-looking statements speak only as of the date they are made, and RTL undertakes no obligation to update or revise any forward-looking statement to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results over time, unless required by law.
Contacts:
Investor Relations
ir@rtlreit.com
(866) 902-0063
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SOURCE The Necessity Retail REIT, Inc. | https://www.kxii.com/prnewswire/2022/07/01/necessity-retail-reit-announces-common-stock-dividend-third-quarter-2022/ | 2022-07-01T11:33:07Z |
International charity leverages cloud-native communications solution to engage donors, adapt to distributed work and improve efficiencies globally
WATERLOO, ON, July 7, 2022 /PRNewswire/ -- OpenText™ (NASDAQ: OTEX), (TSX: OTEX), today announced Christian Blind Mission has implemented its leading Customer Communications Management (CCM) software, OpenText Exstream™, to personalize and automate hundreds of thousands of essential donor communications, increasing efficiency and improving donor relations around the world.
Christian Blind Mission (CBM) is an international non-profit organization committed to improving the quality of life of people with disabilities in the poorest countries in the world. Processing more than $80 million in donations annually, CBM generates and sends a variety of communications ranging from thank-you letters, custom postcards, tax receipts and more to over 500,000 active donors each year, most of which require some level of personalization.
By implementing OpenText Exstream in the cloud, CBM can ensure its donors will receive highly accurate communications via an array of channels and media while also benefiting from improved operations, access to ongoing support, business continuity and the ability to seamlessly adapt to remote work and continue operations during a global pandemic.
"Each of our donors receives some type of communication every year, resulting in hundreds of thousands of different documents and templates that need to be properly managed, updated, stored and distributed," said Alexander Kindinger, Head of IT at Christian Blind Mission. "OpenText Exstream is a key part of our strategy, allowing us to design complex documents, set up templates with variable content, update Salesforce and better manage our digital and print assets, all from within a robust cloud environment, to help us save time and money through lower operating costs and trusted expertise."
Enabling personalized, cloud-native, omnichannel communications to help foster customer engagement, brand loyalty and simplified maintenance, OpenText Exstream helps to create highly engaging customer experiences, leveraging data and existing content to deliver communications through the digital and print channels that best reach and engage customers. Backed by OpenText's flexible-first approach which enables customers to deploy its suite of information management solutions on-premises or in the cloud of their choice, OpenText Exstream integrates with Customer Relationship Management (CRM) systems, like Salesforce, to provide an enterprise scale solution.
"Christian Blind Mission needed a cloud-native CCM solution in place to support their growing mandate, seamlessly adapt to today's distributed work model and enable a scalable donor relations program," said Muhi Majzoub, EVP and Chief Product Officer at OpenText. "We are proud to play an essential role in this organization's essential work. By leveraging OpenText Exstream, CBM has been empowered to elevate its communications strategy, explore new ways of work without interruption and continue to drive their global objectives forward, helping persons with disabilities to achieve their full potential."
Read more about CBM's customer story here.
About OpenText
OpenText, The Information Company™, enables organizations to gain insight through market leading information management solutions, powered by OpenText Cloud Editions. For more information about OpenText (NASDAQ: OTEX, TSX: OTEX) visit opentext.com.
Connect with us:
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Certain statements in this press release may contain words considered forward-looking statements or information under applicable securities laws. These statements are based on OpenText's current expectations, estimates, forecasts and projections about the operating environment, economies and markets in which the company operates. These statements are subject to important assumptions, risks and uncertainties that are difficult to predict, and the actual outcome may be materially different. OpenText's assumptions, although considered reasonable by the company at the date of this press release, may prove to be inaccurate and consequently its actual results could differ materially from the expectations set out herein. For additional information with respect to risks and other factors which could occur, see OpenText's Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and other securities filings with the SEC and other securities regulators. Unless otherwise required by applicable securities laws, OpenText disclaims any intention or obligations to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
Copyright © 2022 OpenText. All Rights Reserved. Trademarks owned by OpenText. One or more patents may cover this product(s). For more information, please visit https://www.opentext.com/patents.
OTEX-G
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SOURCE Open Text Corporation | https://www.wibw.com/prnewswire/2022/07/07/christian-blind-mission-automates-donor-communications-with-opentext/ | 2022-07-07T14:06:24Z |
Industry Ventures leads investment round in technology-driven clinical trial startup
SAN FRANCISCO, May 5, 2022 /PRNewswire/ -- Curebase, a company committed to democratizing access to clinical studies, has raised $40 million in Series B funding to continue development of its end-to-end clinical trial execution model, virtual and hybrid site capabilities, and full eClinical software platform to run modern, patient-centric clinical trials. Since 2018, Curebase has established itself as a leader in decentralized clinical trials (DCTs) and patient-centric clinical trial software. This funding will deepen Curebase's breadth of capabilities beyond the virtual experience: via more complex site and community healthcare interfaces, a richer range of clinical software and services, and more robust capabilities for interventional drug sponsors and global studies.
Industry Ventures led this funding round, which included new institutional investors Acrew Capital, World Innovation Lab and Positive Sum, and existing investors GGV Capital, who led the Series A, Bold Capital and Xfund. The round also included a strategic investment by global biopharmaceutical company Gilead Sciences to deepen their partnership with Curebase on implementing DCT and hybrid capabilities in interventional trials.
In addition, Gaingels, an investment syndicate that focuses on startups dedicated to building diverse and inclusive teams participated in the round. Since its founding in 2017, Curebase has raised a total of $59 million.
"We look to invest in technology companies that we believe are transforming massive, inefficient industries," said Fanni Fan, vice president at Industry Ventures. "Curebase stood out to us for its full-vertical approach, comprehensive patient-centric software platform, and outstanding response from customers. We believe this investment will allow them to scale their model in a market that is rapidly growing on a global level, and continue expanding into the most complex drug study designs."
Clinical research has traditionally suffered from difficult enrollment, retention, and diversity. Curebase's model enables the inclusion of underrepresented patient populations otherwise excluded from clinical trials and expands access overall to studies to solve this challenge. The company's virtual and hybrid research sites offer patients a unique opportunity to participate in clinical studies, regardless of their location via community provider facilities and home-based care. The Curebase platform empowers sponsors and physicians from practices of all sizes to conduct clinical research more efficiently, including private practices, independent clinics, and large academic research sites. Most importantly Curebase's methods are primarily driven by patient centricity to expand access to clinical trials for any patient, anywhere. This mission motivated Gilead, a top-20 global pharmaceutical company, to join in the funding round.
"It is more urgent than ever for the biopharmaceutical industry to transform the design and execution of our clinical programs so that we radically change the way patients experience clinical trials. We believe that by taking a human-centered design and technology enabled approach – as Curebase does – we can co-design a process that more effectively brings treatment options to people in need," said Matt Bryant, Head of Technology and Innovation at Gilead Sciences. "Curebase's approach will help to improve the quality, speed and patient diversity of clinical trials so that we have a more representative population in our clinical research."
The Curebase model has been proven superior to traditional clinical trial methods. Curebase uses technology and services developed in-house to administer and manage studies across a variety of settings, including at home, in community clinics, and even in large academic centers. This has led to far faster enrollment, greater diversity among participants (32% more diverse populations on average across studies), cost savings, and a high level of patient satisfaction (97% satisfaction in a recent pivotal study receiving FDA clearance). The company has now run over 50 studies to date, with 300-400% growth year over year.
"We are pleased that investors are recognizing that Curebase is more than a software platform," said company founder and CEO Tom Lemberg. "We are an end-to-end clinical trial company with global capabilities and an extensive site network of virtual and hybrid site staff that provides everything needed to successfully execute a better clinical trial."
About Curebase
At Curebase, our mission is to bring quality medical innovations to patients faster and improve human wellbeing through more efficient clinical studies. We are proving that clinical research can be radically accelerated if we empower physicians everywhere to enroll patients in the communities where they live. By applying cutting edge clinical software and remote study management techniques to the problem, we are reinventing clinical trials and research from the ground up. For more information, please visit www.curebase.com.
Media Contacts:
Shawn Malloy
media@curebase.com
315-882-5310
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SOURCE Curebase | https://www.wibw.com/prnewswire/2022/05/05/curebase-secures-40-million-series-b-funding/ | 2022-05-05T12:07:36Z |
Judge: Lori Vallow, charged with killing her children, now fit for trial
BOISE, Idaho (AP) — An Idaho judge ruled Monday that a mother accused of conspiring to kill her children, her estranged husband and a lover’s wife is now mentally competent to stand trial on some of the charges in Idaho.
Daybell and her new husband, Chad Daybell, face numerous charges in the complicated case involving allegations of bizarre spiritual beliefs involving “zombies” and doomsday predictions.
Prosecutors have said that Lori and Chad Daybell espoused the religious beliefs in an effort to encourage or justify the murders.
The case against her had been hold for months after Judge Steven Boyce ordered her committed to a mental facility so she could undergo treatment in an effort to make her mentally fit enough to assist in her own defense.
Boyce’s new order said Lori Vallow Daybell “is restored to competency and is fit to proceed” in the Idaho murder case. He did not provide other details about her treatment or mental condition.
She is scheduled to be formally arraigned in court next week and both Lori and Chad Daybell are set to stand trial together early next year.
Tare charged withconspiracy to commit murder and first-degree murder in connection with the deaths of Lori Daybell’s children 7-year-old Joshua “JJ” Vallow, 16-year-old Tylee Ryan, as well as Chad Daybell’s first wife, Tammy Daybell.
Lori Daybell is also charged in Arizona with conspiring to kill her former estranged husband, Charles Vallow, with the help of her now-deceased brother, Alex Cox.
Chad Daybell has pleaded not guilty to the charges and Lori Daybell has not yet had an opportunity to enter a plea. Chad Daybell’s attorney, John Prior, declined to comment on the case. Lori Daybell’s attorney, Jim Archibald, did not immediately respond to voice and email messages requesting comment.
An indictment said Chad and Lori Daybell in 2018 while still married to other people began espousing an apocalyptical system of religious belief.
Lori Daybell’s brother Alex Cox shot and killed her estranged husband, Charles Vallow, in suburban Phoenix, according to an indictment in Arizona.
Cox asserted the shooting was in self-defense, and he was never charged. At the time, Charles Vallow was seeking a divorce, saying his wife believed she had become a god-like figure responsible for ushering in the biblical end of times. Cox later died of an apparent blood clot in his lung.
Shortly after Charles Vallow’s death, Lori Daybell — who then had the last name Vallow — and her children moved to the rural eastern Idaho community of Rexburg, near where Chad Daybell lived. At the time, Chad Daybell was married to Tammy Daybell. She died in October of 2019, and her obituary said the death was from natural causes.
Authorities grew suspicious, however, when Chad and Lori Daybell got married just two weeks later, and investigators had Tammy Daybell’s body exhumed for an autopsy. Authorities have not released her cause of death.
Police began searching for Lori Daybell’s youngest two children in November after relatives raised concerns. The Daybells quickly left town, and were found months later in Hawaii without the children.
Investigators later found the bodies of JJ and Tylee buried in Chad Daybell’s yard back in Idaho. They have not disclosed causes of death but court documents said Tylee’s body was partially burned.
Friends of the Daybells told investigators that the couple believed people could become “zombies” if they were possessed by evil spirits, a state in which their soul was trapped in limbo, according to police reports. The couple reportedly believed that the only way to rid a person of a zombie was for their body to die, according to police reports.
A friend of the couple, Melanie Gibb, told investigators that Lori Daybell referred to her youngest children as “zombies,” and police in Arizona said the couple exchanged text messages saying that Tammy Daybell had been possessed by a dark spirit.
Copyright 2022 The Associated Press. All rights reserved. | https://www.mysuncoast.com/2022/04/12/judge-lori-vallow-charged-with-killing-her-children-now-fit-trial/ | 2022-04-12T03:02:21Z |
WASHINGTON, June 22, 2022 /PRNewswire/ -- On June 24th, two national membership organizations with shared passion and vision, the National Association of Women Business Owners (NAWBO) and the Women Presidents Organization (WPO), are partnering for a National Day of Service sponsored by JPMorgan Chase. The goal of this event is for members to come together as women helping women in communities across the United States. For this year's event, NAWBO and WPO are helping Dress For Success, a nonprofit that provides professional attire for low-income women, to help support their job-search and interview process.
"At JPMorgan Chase, we believe that all women deserve equal opportunity to follow their ambitions and build their careers. Support and mentorship between women professionals are crucial to fostering that growth," said Thelma Ferguson, Vice Chair of JPMorgan Chase Commercial Banking, who is sponsoring the National Day of Service. "We are honored to collaborate with Dress for Success, the WPO and NAWBO to help women build the confidence and skills they need to reach their full potential."
NAWBO and WPO members will volunteer with Dress For Success in 13 U.S. locations where all three organizations share a strong presence. These locations include Chicago, Columbus, Dallas, Detroit, Philadelphia, Miami, Nashville, Phoenix, San Francisco, Minneapolis, Washington, DC, Los Angeles and New York City. Members can also choose to celebrate the National Day of Service by volunteering at or making a donation to another organization of their choice that supports women and girls.
Founded in 1975, NAWBO is the unified voice of America's more than 12.3 million women-owned businesses representing the fastest-growing segment of the economy. "NAWBO is an organization built and run by servant leaders who are passionate about supporting and lifting up women into greater spheres of power and influence," said NAWBO's CEO Jen Earle. "We're honored to partner with the WPO to do just this for the women in our communities who need it most right now."
The WPO is a dynamic and diverse collective of women business leaders around the world who share insight in groups facilitated to drive game-changing experiences. "At the WPO, we believe that belonging to a peer community is as much about giving support, as getting it. By joining together with NAWBO, we are able to bring more leaders who are committed to empowering women together using our collective resources. Whether it's boosting confidence with new professional attire for interviews or sharing concrete career insights, our goal is to effect real change for women nationwide," said WPO's CEO Camille Burns.
Founded in 1975, NAWBO is the unified voice of America's more than 12.3 million women-owned businesses representing the fastest growing segment of the economy. NAWBO is the only dues-based organization representing the interests of all women entrepreneurs across all industries. NAWBO develops programs that help navigate women entrepreneurs through the various stages of their business growth. To learn more about NAWBO, please visit www.nawbo.org.
The WPO is a non-profit membership organization where dynamic and diverse women business leaders around the world meet monthly to tap into collective insight with exclusive access to entrepreneurial equals, innovative ideas, and executive education. WPO members have guided their business to generate at least $2 million USD in gross annual sales (or $1 million USD for a service-based business). Each WPO chapter serves as a professionally-facilitated peer advisory group for members where they can harness the momentum of their successes and cultivate new strategies that will take them even farther. To learn more about WPO, please visit www.women-presidents.com.
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SOURCE National Association of Women Business Owners | https://www.kxii.com/prnewswire/2022/06/22/nawbo-wpo-come-together-women-helping-women-national-day-service-sponsored-by-jpmorgan-chase/ | 2022-06-22T12:48:33Z |
SOUTHFIELD, Mich., May 18, 2022 /PRNewswire/ -- SME, the professional association connecting manufacturing professionals, academia and communities from all disciplines, has announced its 2022 International Honor Award recipients. These seven leaders, from industry and academia, are recognized for their contributions in the areas of manufacturing technologies, processes, technical writing, education, research and management, and service to SME.
For over six decades, SME's International Honor Awards have identified professionals whose bodies of work have led to critical breakthroughs and advancements in manufacturing technologies, processes and education as well as honored members for their volunteerism. This year's select awardees' involvement with SME dates back to 1980, showing the consistent dedicated role SME plays within manufacturing.
"I'm proud to acknowledge that all the recipients of this year's International Honors Awards are active members of our organization," said Bob Willig, executive director and CEO of SME. "These diverse leaders come from a variety of industries and backgrounds; each will continue to push the boundaries of what's possible in manufacturing."
- Eli Whitney Productivity Award — Jay Lee, PhD, FSME, Foxconn Technology Group, Mason, Ohio
- Joseph A. Siegel Service Award — Vesna Cota, VMMI, Markham, Ontario
- SME Albert M. Sargent Progress Award – Yuebin Guo, PhD, FSME, Rutgers University-New Brunswick, Piscataway, New Jersey
- Donald C. Burnham Manufacturing Management Award — Lisa Strama, The National Center for Manufacturing Sciences, Ann Arbor, Michigan
- SME Education Award — David E. Hardt, PhD, FSME, Massachusetts Institute of Technology, Cambridge, Massachusetts
- SME Frederick W. Taylor Research Medal — I.S. Jawahir, PhD, FSME, University of Kentucky, Lexington, Kentucky
- SME Gold Medal — A. Erman Tekkaya, Prof. Dr.-Ing. Dr.-Ing. E. h., Technische Universität Dortmund, Dortmund, Germany
SME is currently accepting nominations for the 2023 International Honor Awards. The submission deadline is Aug. 1. Award and nomination information is available at sme.org/awards. For further questions about SME's International Awards, email nominations@sme.org.
About SME
SME believes in the power of technology and the innovation of people to advance our nation and solve the world's greatest problems. For 90 years, SME has led the manufacturing ecosystem to elevate manufacturers, academia, professionals, and the communities in which they operate. We help build the bridge from today to the future by developing the next generation of manufacturing talent and informing industry on technology advances that can propel their operations into excellence. Learn more at sme.org, follow @SME_MFG on Twitter, @sme_mfg on Instagram, linkedin.com/company/sme/ or facebook.com/SMEmfg.
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SOURCE SME | https://www.kxii.com/prnewswire/2022/05/18/sme-selects-manufacturing-leaders-2022-international-honor-awards/ | 2022-05-18T15:21:02Z |
GREENSBORO, N.C., April 11, 2022 /PRNewswire/ -- Tanger Factory Outlet Centers, Inc. (NYSE:SKT), a leading operator of upscale open-air outlet centers, announced today that its Board of Directors approved a 9.6% increase in the annual dividend on its common shares from $0.73 per share to $0.80 per share. Simultaneously, the Board of Directors declared a quarterly cash dividend of $0.20 per share, payable on May 13, 2022, to common shareholders of record on April 29, 2022.
Tanger Factory Outlet Centers, Inc. (NYSE: SKT) is a leading operator of upscale open-air outlet centers that owns, or has an ownership interest in, a portfolio of 36 centers. Tanger's operating properties are located in 20 states and in Canada, totaling approximately 13.6 million square feet, leased to over 2,600 stores operated by more than 600 different brand name companies. The Company has more than 41 years of experience in the outlet industry and is a publicly-traded REIT. For more information on Tanger Outlet Centers, call 1-800-4TANGER or visit the Company's website at www.tangeroutlets.com.
Doug McDonald
SVP, Finance and Capital Markets
T: (336) 856-6066
doug.mcdonald@tangeroutlets.com
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SOURCE Tanger Factory Outlet Centers, Inc. | https://www.wibw.com/prnewswire/2022/04/11/tanger-increases-dividend-by-96/ | 2022-04-11T12:31:20Z |
New division and appointment to help REV Capital reach new markets in its quest to reinvent factoring
TORONTO, July 6, 2022 /PRNewswire/ - REV Capital, the leading provider of factoring & cashflow financing in Canada and the United States announces a new Commercial Finance Division along with the appointment of Mark Dubs as President – Eastern Division.
Mark Dubs is an industry veteran with more than 20 years of experience building highly profitable and diversified commercial finance portfolios. He is a well-known and highly respected leader in the secured finance industry and his expertise will prove instrumental in REV Capital's continued expansion into the Commercial Finance market.
As the former Senior Vice President at Triumph Business Capital, Dubs brings a transparent, flexible, customer-centric approach to building sustainable commercial finance portfolios. "I'm thrilled to join a growing team with a phenomenal reputation. I have been looking for a reliable home for my clients at a shop with an appetite for sustainable growth and rapid expansion – I believe I found exactly that at REV Capital. I look forward to expanding Rev Capital's reach and presence in New York and across the United States," said Dubs.
This appointment, along with the strategic restructuring of the Eastern Division to specialize in Commercial Finance, will help REV Capital in its goal of reinventing factoring by reaching untapped markets. "We have been actively looking for experienced leaders to help us build out our general portfolio and help us educate and reach untapped markets. Mark's hunger for expansion coupled with his extensive knowledge, experience, and network make him a perfect choice to lead this next stage of growth for REV's Eastern Division," said Loren Shifrin, CEO at REV Capital.
This marks REV Capital's fourth strategic appointment in two years. The company continues to expand its local presence in the United States while increasing its overall reach across the entire country. REV Capital will continue to invest in key markets as part of its commitment to reach new markets and its pursuit to provide SMEs with a transparent, affordable, and flexible finance partner that's invested in their success.
REV Capital is a rapidly growing financial factoring company and asset-based lender with seven offices across North America. They are leading providers of trustworthy, transparent, and reliable cashflow solutions that provide clients with financial stability and opportunities for growth. For more information visit www.revinc.com
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SOURCE REV Capital | https://www.kxii.com/prnewswire/2022/07/06/rev-capital-announces-new-commercial-finance-division-with-strategic-appointment/ | 2022-07-06T12:01:53Z |
NEW YORK, Aug. 26, 2022 /PRNewswire/ -- Jakubowitz Law announces that a securities fraud class action lawsuit has commenced on behalf of shareholders of TG Therapeutics, Inc. (NASDAQ: TGTX).
To receive updates on the lawsuit, fill out the form:
https://claimyourloss.com/securities/tg-therapeutics-inc-loss-submission-form/?id=31164&from=4
The lawsuit seeks to recover losses for shareholders who purchased TG Therapeutics between January 15, 2020 and May 31, 2022.
Shareholders interested in acting as a lead plaintiff representing the class of wronged shareholders have until September 16, 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, TG Therapeutics, Inc. issued materially false and/or misleading statements and/or failed to disclose that: (i) clinical trials revealed significant concerns related to the benefit-risk ratio and overall survival data of the Company's therapeutic product candidates, Ublituximab and Umbralisib; (ii) accordingly, it was unlikely that the Company would be able to obtain approval from the U.S. Food and Drug Administration of the Umbralisib marginal zone lymphoma and follicular lymphoma New Drug Application, the Biologics License Application for Ublituximab in combination with Umbralisib, the supplemental New Drug Application for Ublituximab in combination with Umbralisib, or the Ublituximab relapsing forms of multiple sclerosis Biologics License Application in their current forms; (iii) as a result, the Company had significantly overstated Ublituximab and Umbralisib's clinical and/or commercial prospects; and (iv) therefore, the Company's public statements were materially false and misleading at all relevant times.
Jakubowitz Law is vigorous in pursuit of justice for shareholders who have been the victim of securities fraud. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT:
JAKUBOWITZ LAW
1140 Avenue of the Americas
9th Floor
New York, New York 10036
T: (212) 867-4490
F: (212) 537-5887
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SOURCE Jakubowitz Law | https://www.kxii.com/prnewswire/2022/08/26/tgtx-shareholder-alert-jakubowitz-law-reminds-tg-therapeutics-shareholders-lead-plaintiff-deadline-september-16-2022/ | 2022-08-26T10:16:27Z |
PITTSBURGH, April 7, 2022 /PRNewswire/ -- "We wanted to create an accessory that would assist the natural healing of a post-surgery area on the torso of a pet," said one of two inventors, from Dallas, Texas, "so we invented the HEALING HARNESS. Our design eliminates the need to use cone devices to prevent attention to the affected surgical area."
The invention provides a pet torso wrap made of a medical textile to aid in the healing of a post-surgery procedure area. In doing so, it prevents the pet from licking, chewing or clawing at the site. As a result, it could enhance comfort and healing for pets and it reduces potential infection and irritation. The invention features a durable medical textile design that is easy to apply so it is ideal for veterinarian clinics and societies, animal shelters, etc. Additionally, it is producible in design variations.
The original design was submitted to the Dallas sales office of InventHelp. It is currently available for licensing or sale to manufacturers or marketers. For more information, write Dept. 20-DLL-3829, 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.wibw.com/prnewswire/2022/04/07/inventhelp-inventors-develop-healing-torso-wrap-pets-dll-3829/ | 2022-04-07T16:11:45Z |
Man allegedly responsible for teen’s shooting death booked for bond violation
TOPEKA, Kan. (WIBW) - Just over a year after a 13-year-old Topeka teen was accidentally shot by a gun allegedly left unattended by Dejuan Yelverton, he was booked back into jail for an alleged bond violation.
The Shawnee County Department of Corrections booking records show that Dejuan Yelverton, 23, of Topeka, was booked back into jail on Tuesday, June 21, for an alleged bond violation.
The Topeka Police Department has not released the reason for the violation.
Yelverton had been out of jail on bail after he was charged for the shooting death of 13-year-old DaMya Hudnall in which a toddler allegedly found his gun and shot Hudnall in the back of the head. The incident happened on June 12, 2021.
Yelverton was charged with Murder in the 1st Degree, Aggravated Endangering a Child and Criminal Possession of a Weapon.
According to the report, a court date has been set for 2:30 p.m. on July 14.
Case of Dejuane Yelverton
Owner of gun used in accidental shooting to stand trial for murder
A Topeka man charged in the accidental shooting of a teenager will stand trial for murder.
Topeka family holds balloon release for 13-year-old victim of accidental shooting
Friends and family of a Topeka teen who was fatally shot last weekend came together for a celebration of her life.
TPS remembers 13-year-old victim of accidental shooting, advocates for gun safety
Topeka Public Schools is promoting gun safety as it remembers DaMya Hudnall, the victim of a recent accidental shooting.
Man charged for shooting death of 13-year-old after toddlers find gun
A man is facing criminal charges for the death of a 13-year-old girl after toddlers found his gun and accidentally shot her in the back of the head.
Family sets up GoFundMe for 13-year-old shooting victim
Loved ones have set up a GoFundMe for a 13-year-old girl who they say died from a gunshot wound.
Affidavit: gun used to shoot 13-year-old was left unattended on top of a refrigerator
The Topeka Police Department believes a small child in the home of DaMya Hudnall took an unattended gun from the top of a fridge and shot her with it.
Copyright 2022 WIBW. All rights reserved. | https://www.wibw.com/2022/06/22/man-allegedly-responsible-teens-shooting-death-booked-bond-violation/ | 2022-06-22T20:26:49Z |
Propy's new title and escrow services expand offer-to-close transactions on one secure platform for realtors and consumers
MIAMI, May 25, 2022 /PRNewswire/ -- Propy (www.propy.com), the leader in real estate Web3 technology, has launched title and escrow services on blockchain for residential real estate transactions in Florida, Arizona, and Colorado, in a move that makes faster, more secure transactions a reality for buyers, sellers and agents.
Agents in these states can now manage sales on Propy's platform from offer to close, removing legacy processes that slow down transactions, increase fraud risk, and keep everyone in the dark.
Click, click, close
For decades, the real estate industry has been talking about the idea of simpler transactions that are more automated, more transparent and with fewer dependencies and people involved. So far, only pieces of the transaction have been fully digitized, leveraging algorithms and automation.
Propy adding title and escrow services to its platform, follows the company's overarching vision of a click-to-close reality for buyers and sellers.
"We had already built the next-generation closing platform in which smart contracts play the role of the escrow and title is recorded on the blockchain," said Propy's founder and CEO Natalia Karayaneva. "Launching the escrow and title business now brings us closer to our dream of closing more and more transactions in a secure blockchain environment."
The company plans to make title and escrow services available in all states within 24 months.
The Propy platform has facilitated $4 billion worth of real estate transactions in the U.S.
Real estate agents use Propy's platform to manage offers and transactions, and enable their clients to be able to see in real time what is going on with their purchase or sale.
"One of the greatest challenges in the title and escrow industry is wire fraud. With blockchain technology and security, wire fraud is virtually impossible," said Anna Atencio, CEO of Propy Title, "Imagine the benefit for all parties of a transaction having full transparency of what is being delivered at each step of the transaction, and to the deed being recorded both on the blockchain and with the local county."
Opening the door to crypto and NFTs
Another innovative aspect to Propy's technology is its ability to facilitate transactions using both traditional means (cash and mortgages), and modern forms of payment and ownership like cryptocurrency and non-fungible tokens (NFTs).
In February and March Propy sold first ever real property NFTs in the U.S.
"We have eliminated the "worry and wonder" associated with the purchase process," says Karayaneva. "Because the process is transparent, interested buyers and their agents were able to view offer activity and adjust their offers accordingly. They were able to close a transaction instantly.
Propy Title handles both dollar payments via wire and ACH, and crypto payments, and provides live closing tracking.
Propy is recommending real estate agents, who use the Propy closing platform, to consumers without charging referral fees and is releasing a new consumer app and agent app in September.
For more information about Propy, visit www.propy.com
To request a quote for title and escrow services, visit www.prorytitle.com
About Propy
Propy, founded in Silicon Valley, is on a mission to revolutionize the residential real estate sales process. The company's blockchain innovation removes inefficiencies, streamlines everything from offer to closing to recording title, records everything securely, and enables buyers and sellers to use traditional financing, dollar or cryptocurrency payments, or NFT-ed properties sales. The company has processed $4bn in transactions and recorded them on blockchain.
Audie Chamberlain
310.562.5114
audie@lionandorb.com
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SOURCE Propy | https://www.wibw.com/prnewswire/2022/05/26/propy-launches-title-amp-escrow-blockchain-closes-loop-enabling-end-to-end-home-sales-online/ | 2022-05-26T07:52:11Z |
-Special Meeting of Stockholders to be held on June 30, 2022
-ISS and Glass Lewis Each Recommend Shareholders Elect the Entire Independent Slate
EL SEGUNDO, Calif., June 27, 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") remind Aerojet Rocketdyne shareholders that the special meeting of shareholders for the purpose of electing a new slate of directors will be held on June 30, 2022. The Committee recommends that shareholders vote "FOR" the Independent Slate on the WHITE proxy card prior to the special meeting, in accordance with the previously-announced recommendations of independent proxy advisory firms Institutional Shareholder Services ("ISS") and Glass Lewis.
A few of the many compelling factors cited by ISS in its report recommending shareholders vote FOR Ms. Drake and the Independent Slate include:
- "Lichtenstein is responsible for the organizational rot that enabled this contest. His reinterpretation of the historical record is not at all believable, and has only damaged his case – although individual elements of performance and specific developments are challenging to parse, he cannot disclaim accountability for AJRD's overall state of affairs at any point in the recent past."
- "[I]t is telling that not a single incumbent director without a business or personal link came to his support."
- "Issues with confidence and trust are particularly concerning in this case, seeing that Lichtenstein has historically been averse to providing shareholders with information."
Similarly, Glass Lewis presented a number of compelling reasons in its report recommending shareholders vote FOR Ms. Drake and the Independent Slate including:
- "…Ms. Drake — working against challenging time constraints and with far fewer resources than those we expect were available to the Steel Faction — has assembled an experienced and well-rounded slate of candidates in short order, an outcome which seems to speak volumes to Ms. Drake's ability to attract credible, independent nominees to her cause."
- "[S]upport for the Steel Faction would portend a considerable step back in terms of reliable, progressive corporate governance, in all cases in favor of a sitting chair recently inclined to delay shareholder votes, privately pursue personal objectives irrespective of board directives, sensationally misrepresent key developments and, perhaps most critically here, circumvent personal culpability."
- "…Mr. Lichtenstein is a named executive officer who sits at the top of AJRD's summary compensation table. In absolute candor, we remain confounded by the notion that historical critiques of executive staff — persuasive or not — are viewed as a winning tack by the Steel Faction. In the service of absolute clarity, we would firmly emphasize again that this approach to accountability and responsibility disconcertingly reinforces Mr. Lichtenstein's willingness to shirk fault, even when his own arguments expressly indicate he is part of the problem."
The Independent Slate Urges All Shareholders to Support its Highly Qualified Nominees
by Voting "FOR" on the WHITE Proxy Card at the Upcoming Special Meeting on June 30, 2022
Ms. Drake and the other members of the Committee encourage institutional and other investors to review and consider the complete reports published by ISS and Glass Lewis, as well as the recent investor presentation available here: https://www.sec.gov/Archives/edgar/data/40888/000119312522177000/d353636ddfan14a.htm
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 made in the participants' individual capacity, and not by or on behalf of 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 June 1, 2022, Eileen P. Drake, General Kevin Chilton, USAF (Ret.), General Lance Lord, USAF (Ret.) and Thomas Corcoran (the "Incumbent Directors") filed a definitive proxy statement with the Securities and Exchange Commission in connection with the solicitation of proxies for a special meeting of stockholders of the Company to be held on June 30, 2022.
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/2022/06/27/committee-aerojet-rocketdyne-shareholders-value-maximization-reminds-shareholders-vote-entire-independent-slate-led-by-ceo-eileen-drake-white-card/ | 2022-06-27T13:58:40Z |
LAS VEGAS (KLAS) — A fire tore through a downtown area of Las Vegas early Sunday morning, destroying several buildings and about two dozen vehicles, fire officials said.
Las Vegas Fire and Rescue crews battled the blaze that covered an area on Fremont and Tower streets beginning at about 1 a.m. Officials said the fire started in a building that was under construction. At least 10 buildings were either damaged or destroyed.
Nearly 100 people were evacuated from their homes as the fire burned. Only one person was reported injured. The person was treated for smoke inhalation.
According to a news release from the fire department, the fire was spotted by a crew returning to the station from a call. The firefighters noticed a large column of smoke and saw a large building that was under construction engulfed in flames, the release said.
The building on fire was inside a condominium complex off Fremont Street. The crew entered the complex and found it was letting off extreme heat, a threat to several nearby occupied condo buildings.
The crew radioed for help and then started to evacuate residents, the release said.
Ultimately, 40 units and 140 personnel were deployed to fight the fire and get people out of the area.
A power pole at the back of the building was on fire and collapsed, bringing down several power lines, which caused a large area to go dark, the release said.
At about 6 a.m.. Fire & Rescue said the fire was mostly extinguished but that flare-ups and hotspots remained.
Fire & Rescue said the fire involved the most “occupied dwelling units” at the same time in the city over the past 25 years.
The cause of the fire is under investigation. | https://cw33.com/news/nexstar-media-wire/fire-ravages-downtown-las-vegas-destroying-buildings/ | 2022-06-19T23:07:01Z |
Leaders to meet in Emporia for Latinx Leadership community conversation
EMPORIA, Kan. (WIBW) - Latinx leaders from across the state will converge on Emporia for a community conversation about Latinx leadership.
The Emporia Area Chamber of Commerce says it has teamed up with Emporia Spanish Speakers to host a community conversation about diversity, representation, and the importance of community engagement between 2 and 5 p.m. on Saturday, Aug. 27, at the Granada Theater, 807 Commercial St. It said the conversation will feature distinguished guest speakers from around the Sunflower State.
The Chamber noted that Speakers are expected to include:
- Huascar Medina - Poet Laureate of Kansas
- Daniela Rivas - Assistant City Administrator and Finance Director of McPherson
- Ernestor De La Rosa - Assistant City manager of Dodge City
According to the Chamber, De La Rosa is a DACA recipient and was appointed by Kansas Governor Laura Kelly to serve on the Kansas Hispanic Latino American Affairs Commission and the Kansas Racial Equity and Justice Commission.
“We are going to have a wonderful conversation about the importance of representation and diversity in community leadership. I hope, at the very least, attendees will walk away knowing that diversity is a strength and feel empowered,” Medina said.
After the presentations, the Chamber said the speakers will be available for a question and answer session. It said attendees will have the chance to ask speakers about their experiences and community involvement.
The event is free to the public and all are encouraged to attend.
Copyright 2022 WIBW. All rights reserved. | https://www.wibw.com/2022/07/26/leaders-meet-emporia-latinx-leadership-community-conversation/ | 2022-07-26T18:12:07Z |
- Cash sale price of $75 million reduces SMLP's total leverage by ~0.3x and increases its liquidity and financial flexibility for reinvestment
- Expands Double E's commercial relationship with Matador, a top-tier Delaware producer with nearly 125,000 net acres in New Mexico and an existing economic interest in a processing plant complex in Eddy County, New Mexico currently connected to Double E
- Matador assumes additional take-or-pay firm capacity on Double E
- Provides Summit additional financial flexibility to pursue strategic, scale-building opportunities for Double E and around Summit's other core assets in growth basins
- The transaction is expected to be free cash flow accretive to SMLP unitholders
- Summit reiterates its 2022 Adjusted EBITDA guidance range of $205 million to $220 million
HOUSTON, June 9, 2022 /PRNewswire/ -- Summit Midstream Partners, LP (NYSE: SMLP) ("Summit", "SMLP" or the "Partnership") announced today that its wholly owned subsidiary, Summit Midstream Holdings, LLC ("SMP Holdings"), has entered into a definitive agreement to sell Summit Midstream Permian, LLC ("Summit Permian"), which owns the Lane Gathering and Processing System ("Lane G&P System") in the Delaware Basin to a wholly owned subsidiary of Matador Resources Company ("Matador") for a cash sale price of $75 million, subject to customary transaction adjustments. Matador will also assume Summit Midstream Marketing, LLC's, a wholly owned subsidiary of SMP Holdings, take-or-pay firm capacity on the Double E Pipeline associated with the Lane G&P System. The transaction is subject to customary closing conditions and is expected to close in the second quarter of 2022.
Heath Deneke, President, Chief Executive Officer and Chairman, commented, "We are pleased to announce this strategic transaction with Matador, a premier upstream and midstream operator in the Delaware Basin. With the sale of the Lane G&P System, Summit's focus in the Delaware will be on fully commercializing and expanding its highly strategic Double E pipeline system. The assumption of additional take-or-pay firm capacity further expands Double E's commercial relationship with Matador, a significant acreage holder owning nearly 125,000 net acres in Eddy and Lea Counties in southeastern New Mexico. Pro-forma for the transaction, Matador will have two gas processing complexes connected to the Double E system, including Matador's interest in San Mateo Midstream, LLC's 460 MMcf/d Black River Processing Plant Complex and the 60 MMcf/d Lane G&P System. The transaction is highly credit accretive for Summit, reducing our total leverage ratio by ~0.3x and creating additional liquidity and financial flexibility to reinvest in strategic scale-building opportunities in our Rockies and Northeast segments and Double E joint venture. Additionally, after accounting for the transaction, Summit is reiterating its full year 2022 Adjusted EBITDA guidance range of $205 million to $220 million."
Lane G&P System Overview
The Lane G&P System includes approximately 45 miles of low and high pressure gathering pipeline in Eddy and Lea counties in the northern Delaware Basin, three compressor stations and a 60 MMcf/d cryogenic processing plant commissioned in December 2018. Gathering and processing services on the Lane G&P System are provided pursuant to long-term, fee-based gathering agreements with producers that are primarily targeting crude oil production from the Bone Spring and Wolfcamp shale formations. Residue natural gas is primarily delivered to the Double E Pipeline.
Advisors
Guggenheim Securities served as financial advisor and Locke Lord L.L.P. served as legal advisor to Summit. O'Melveny & Myers LLP served as legal advisor to Matador.
About Summit Midstream Partners, LP
SMLP is a value-driven limited partnership focused on developing, owning and operating midstream energy infrastructure assets that are strategically located in the core producing areas of unconventional resource basins, primarily shale formations, in the continental United States. SMLP provides natural gas, crude oil and produced water gathering, processing and transportation services pursuant to primarily long-term, fee-based agreements with customers and counterparties in six unconventional resource basins: (i) the Appalachian Basin, which includes the Utica and Marcellus shale formations in Ohio and West Virginia; (ii) the Williston Basin, which includes the Bakken and Three Forks shale formations in North Dakota; (iii) the Denver-Julesburg Basin, which includes the Niobrara and Codell shale formations in Colorado and Wyoming; (iv) the Permian Basin, which includes the Bone Spring and Wolfcamp formations in New Mexico; (v) the Fort Worth Basin, which includes the Barnett Shale formation in Texas; and (vi) the Piceance Basin, which includes the Mesaverde formation as well as the Mancos and Niobrara shale formations in Colorado. SMLP has an equity method investment in Double E Pipeline, LLC, which provides interstate natural gas transportation service from multiple receipt points in the Delaware Basin to various delivery points in and around the Waha Hub in Texas. SMLP also has an equity method investment in Ohio Gathering, which operates extensive natural gas gathering and condensate stabilization infrastructure in the Utica Shale in Ohio. SMLP is headquartered in Houston, Texas.
Forward-Looking Statements
This press release includes certain statements concerning expectations for the future that are forward-looking within the meaning of the federal securities laws. Forward-looking statements include, without limitation, any statement that may project, indicate or imply future results, events, performance or achievements and may contain the words "expect," "intend," "plan," "anticipate," "estimate," "believe," "will be," "will continue," "will likely result," and similar expressions, or future conditional verbs such as "may," "will," "should," "would," and "could." In addition, any statement concerning future financial performance (including future revenues, earnings or growth rates), ongoing business strategies and possible actions taken by us or our subsidiaries are also forward-looking statements. Forward-looking statements also contain known and unknown risks and uncertainties (many of which are difficult to predict and beyond management's control) that may cause SMLP's actual results in future periods to differ materially from anticipated or projected results. An extensive list of specific material risks and uncertainties affecting SMLP is contained in its 2021 Annual Report on Form 10-K filed with the Securities and Exchange Commission (the "SEC") on February 28, 2022, as amended and updated from time to time. Any forward-looking statements in this press release are made as of the date of this press release and SMLP undertakes no obligation to update or revise any forward-looking statements to reflect new information or events.
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SOURCE Summit Midstream Partners, LP | https://www.mysuncoast.com/prnewswire/2022/06/09/summit-midstream-partners-lp-announces-sale-its-lane-gathering-processing-system-delaware-basin-subsidiary-matador-resources-company-amp-reiterates-its-2022-adjusted-ebitda-guidance/ | 2022-06-09T23:16:33Z |
Record Backlog, Strong Revenue and Net Income Growth, and Update to Full Year Outlook
DALLAS, Aug. 8, 2022 /PRNewswire/ -- CECO Environmental Corp. (Nasdaq: CECE) ("CECO"), a leading environmentally focused, diversified industrial company whose solutions protect people, the environment, and industrial equipment, today reported its financial results for the second quarter of 2022.
Highlights for the Quarter and Recent Corporate Developments*
- Orders of $113.5 million, up 33 percent; Record Backlog of $289 million
- Revenue of $105.4 million, up 34 percent
- Net income of $4.4 million, up $4.1 million; non-GAAP net income of $6.4 million, up $3.3 million
- Adjusted EBITDA of $10.6 million, up 63 percent
- Company announces senior management transitions
- Company increases full year financial outlook
*All comparisons are versus the comparable prior year period, unless otherwise stated.
Reconciliations of GAAP (reported) to non-GAAP measures are in the attached financial tables.
"We delivered strong results in the second quarter and are pleased to share that we increased our backlog to new record levels while driving sales growth of more than 30 percent and EBITDA growth of more than 60 percent. We also repurchased more than $4 million of shares in the quarter as we systematically execute our capital allocation strategy that includes both M&A and share repurchases," said CECO Chief Executive Officer, Todd Gleason.
Second quarter operating income was $5.7 million, up 171 percent when compared to $2.1 million in the second quarter 2021. On an adjusted basis, non-GAAP operating income was $8.7 million, up 85 percent when compared to $4.7 million in the second quarter of 2021. Net income was $4.4 million in the quarter, up $4.1 million compared to $0.3 million in the second quarter 2021. Non-GAAP net income was $6.4 million, up $3.3 million compared to $3.1 million in the second quarter 2021. Adjusted EBITDA was $10.6 million, up 63 percent compared to $6.5 million in the second quarter 2021. The Company repurchased $4.3 million shares in the second quarter as part of the previously announced $20 million share repurchase program.
In the second quarter, the Company completed the acquisition of Compass Water Solutions, based in California, USA and Western Air Duct, a company based in the United Kingdom. Combined, the companies generated 2021 full year sales of approximately $15 million and each delivered double-digit EBITDA margins.
"We are extremely pleased with our year-to-date results which have included orders growth of approximately 55 percent, record backlog up more than 35 percent and revenue growth up more than 30 percent through the first half. We have closed multiple strategic acquisitions that add new capabilities and market opportunities to our industrial air and industrial water platforms, and those acquisitions are already performing very well against their operating targets," added Gleason.
Company Increases Full Year 2022 Outlook:
The Company updated full year 2022 guidance to $375 to $400 million in revenue, up approximately 19 percent at the midpoint year over year. The Company updated its full year adjusted EBITDA to reflect a range starting at $37 million and the high-end exceeding $40 million, up more than 50 percent at the midpoint year over year.
"Our revised outlook reflects our continued confidence that we expect to deliver outstanding results through the year. We remain in excellent position to drive strong double-digit sales and income growth while also maintaining our focus on capital allocation," concluded Gleason.
Senior Management Transitions:
The Company also separately announced today that Matthew Eckl, Chief Financial Officer, and Pamela Turay, Senior Vice President of Human Resources, will leave the Company in August to pursue other opportunities. Effective Aug. 15, 2022, Peter Johansson will join CECO as Chief Financial and Strategy Officer. Additionally, the Company's current General Counsel, Lynn Watkins-Asiyanbi will assume the newly created role of Chief Administrative and Legal Officer, which incorporates legal, human resources and corporate communication functions.
EARNINGS CONFERENCE CALL
A conference call is scheduled for today at 8:30 a.m. ET to discuss the second quarter financial results of 2022. The conference call may be accessed via webcast by going to the Company's website at https://investors.cecoenviro.com/events-webcasts-and-presentations/ or by dialing (888) 346-4547 (Toll-Free) within the U.S., or Toll/International +1(412) 317-5251.
A replay of the conference call will be available on the Company's website at http://www.cecoenviro.com for seven days. The replay may be accessed by dialing (877) 344-7529 (Toll-Free) within the U.S., or Toll/International +1 (412) 317-0088 and entering access code 6087150.
ABOUT CECO ENVIRONMENTAL
CECO Environmental is a leading environmentally focused, diversified industrial company, serving a broad landscape of industrial air, industrial water and energy transition markets across the globe through its key business segments: Engineered Systems and Industrial Process Solutions. Providing innovative technology and application expertise, CECO helps companies grow their business with safe, clean, and more efficient solutions that help protect people, the environment and industrial equipment. In regions around the world, CECO works to improve air quality, optimize the energy value chain, and provide custom solutions for applications including power generation, petrochemical processing, general industrial, refining, midstream oil and gas, electric vehicle production, poly silicon fabrication, battery recycling, beverage can, and water/wastewater treatment along with a wide range of other applications. CECO is listed on Nasdaq under the ticker symbol "CECE." Incorporated in 1966, CECO's global headquarters is in Dallas, Texas. For more information, please visit www.cecoenviro.com.
Company Contact:
Kimberly Plaskett, Corporate Communications
(469) 928-1090
kplaskett@onececo.com
Investor Relations Contact:
Steven Hooser or Gary Guyton
Three Part Advisors, LLC
214-872-2710
investor.relations@onececo.com
NOTE REGARDING NON-GAAP FINANCIAL MEASURES
CECO is providing certain non-GAAP historical financial measures as presented above as we believe that these figures are helpful in allowing individuals to better assess the ongoing nature of CECO's core operations. A "non-GAAP financial measure" is a numerical measure of a company's historical financial performance that excludes amounts that are included in the most directly comparable measure calculated and presented in accordance with GAAP.
Non-GAAP operating income, non-GAAP net income, non-GAAP operating margin, non-GAAP earnings per basic and diluted share and adjusted EBITDA, as we present them in the financial data included in this press release, have been adjusted to exclude the effects of amortization expenses for acquisition related intangible assets, contingent retention and earnout expenses, restructuring expenses primarily relating to severance and legal expenses, acquisition and integration expenses which include retention, legal, accounting, banking, and other expenses, foreign currency remeasurement and other nonrecurring or infrequent items and the associated tax benefit of these items. Management believes that these items are not necessarily indicative of the Company's ongoing operations and their exclusion provides individuals with additional information to compare the Company's results over multiple periods. Management utilizes this information to evaluate its ongoing financial performance. Our financial statements may continue to be affected by items similar to those excluded in the non-GAAP adjustments described above, and exclusion of these items from our non-GAAP financial measures should not be construed as an inference that all such costs are unusual or infrequent.
Non-GAAP operating income, non-GAAP net income, non-GAAP operating margin, non-GAAP earnings per basic and diluted share and adjusted EBITDA are not calculated in accordance with GAAP, and should be considered supplemental to, and not as a substitute for, or superior to, financial measures calculated in accordance with GAAP. Non-GAAP financial measures have limitations in that they do not reflect all of the costs associated with the operations of our business as determined in accordance with GAAP. As a result, you should not consider these measures in isolation or as a substitute for analysis of CECO's results as reported under GAAP. Additionally, CECO cautions investors that non-GAAP financial measures used by the Company may not be comparable to similarly titled measures of other companies.
In accordance with the requirements of Regulation G issued by the Securities and Exchange Commission, non-GAAP operating income, non-GAAP net income, non-GAAP operating margin, non-GAAP earnings per basic and diluted share and adjusted EBITDA stated in the tables above are reconciled to the most directly comparable GAAP financial measures.
SAFE HARBOR
Any statements contained in this Press Release, other than statements of historical fact, including statements about management's beliefs and expectations, are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, both as amended, and should be evaluated as such. These statements are made on the basis of management's views and assumptions regarding future events and business performance. We use words such as "believe," "expect," "anticipate," "intends," "estimate," "forecast," "project," "will," "plan," "should" and similar expressions to identify forward-looking statements. Forward-looking statements involve risks and uncertainties that may cause actual results to differ materially from any future results, performance or achievements expressed or implied by such statements. Potential risks and uncertainties, among others, that could cause actual results to differ materially are discussed under "Part I – Item 1A. Risk Factors" of the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2021, and include, but are not limited to: the sensitivity of our business to economic and financial market conditions generally and economic conditions in CECO's service areas; dependence on fixed price contracts and the risks associated therewith, including actual costs exceeding estimates and method of accounting for revenue; the effect of growth on CECO's infrastructure, resources, and existing sales; the ability to expand operations in both new and existing markets; the potential for contract delay or cancellation as a result of on-going or worsening supply chain challenges; liabilities arising from faulty services or products that could result in significant professional or product liability, warranty, or other claims; changes in or developments with respect to any litigation or investigation; failure to meet timely completion or performance standards that could result in higher cost and reduced profits or, in some cases, losses on projects; the potential for fluctuations in prices for manufactured components and raw materials, including as a result of tariffs and surcharges; the substantial amount of debt incurred in connection with our strategic transactions and our ability to repay or refinance it or incur additional debt in the future; the impact of federal, state or local government regulations; our ability to repurchase shares of our common stock and the amounts and timing of repurchases, if any; economic and political conditions generally; our ability to successfully realize the expected benefits of our restructuring program; our ability to successfully integrate acquired businesses and realize the synergies from strategic transactions; and unpredictability and severity of catastrophic events, including cyber security threats, acts of terrorism or outbreak of war or hostilities or public health crises, such as uncertainties regarding the extent and duration of impacts of matters associated with the novel coronavirus ("COVID-19"), as well as management's response to any of the aforementioned factors. Many of these risks are beyond management's ability to control or predict. Should one or more of these risks or uncertainties materialize, or should the assumptions prove incorrect, actual results may vary in material aspects from those currently anticipated. Investors are cautioned not to place undue reliance on such forward-looking statements as they speak only to our views as of the date the statement is made. Furthermore, forward-looking statements speak only as of the date they are made. Except as required under the federal securities laws or the rules and regulations of the Securities and Exchange Commission, we undertake no obligation to update or review any forward-looking statements, whether as a result of new information, future events or otherwise.
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SOURCE CECO Environmental Corp. | https://www.kxii.com/prnewswire/2022/08/08/ceco-environmental-reports-second-quarter-2022-results/ | 2022-08-08T12:41:15Z |
Former Lieutenant Governor of Pennsylvania set to assume position in late June
Dr. Jayson Boyers, Rosemont College's 14th President, leaving to pursue another opportunity in higher education
ROSEMONT, Pa., June 3, 2022 /PRNewswire/ -- Rosemont College today announced that its Board of Trustees has unanimously approved the appointment of Jim Cawley as interim President, effective June 21. Dr. Jayson Boyers, who began his tenure as Rosemont College's 14th President in 2020, has resigned to pursue another opportunity in higher education.
"In Rosemont College's 2019-2020 Presidential search after Dr. Sharon Hirsch's retirement, Jim stood out as one of four finalists in a talented and diverse group of more than 75 vetted candidates and hundreds more applicants and nominees. The Search Committee and trustees were impressed with his experience and credentials, and disappointed that he removed himself from consideration at the time due to family reasons. Jim's commitment to public service, his Catholic faith, extensive executive experience, deep ties to the community and the partnerships he's forged with prominent Philadelphia higher education institutions made him an excellent candidate to lead the College and we're thrilled that he is willing to serve," said Maria Feeley, Esq., chair, Rosemont College Board of Trustees and chief legal officer and general counsel, Washington and Lee University.
With deep experience in the higher education, government and nonprofit sectors, Mr. Cawley most recently served as Temple University's Vice President of Institutional Advancement from 2017 to 2021. He spearheaded development efforts that raised over $360 million in four fiscal years and led a staff of 140 employees spread out across 18 different schools, colleges and units. Mr. Cawley was also instrumental in the development of a strategic plan for the University and played a key role in advancing the school's diversity and inclusion efforts. Additionally, he served on the board of Temple University, as well as Bucks County Community College and Manor College.
Prior to his tenure at Temple University, Mr. Cawley was president and CEO of the United Way of Greater Philadelphia and Southern New Jersey from 2015 to 2017, where he led the organization's efforts to improve education, income and health for the region's most vulnerable populations. There, he led several successful fundraising campaigns and focused the organization's mission to make it more effective.
Mr. Cawley spent the first two decades of his career working in government at the state and local levels. He served as the Lieutenant Governor of Pennsylvania from 2011 to 2015 and as County Commissioner of Bucks County from 2006 to 2011. A native of Bucks County and lifelong resident of the Greater Philadelphia area, Jim is passionate about and well-connected within the region. He received his bachelor's degree and juris doctor from Temple University.
"I'm honored to accept the role of interim President of Rosemont College," said Mr. Cawley. "As a product of Catholic education and a lifelong resident of the Greater Philadelphia area, I'm intimately familiar with and committed to the unique mission and traditions of Rosemont. I look forward to shaping the bright future of this storied institution by working closely with the Board of Trustees, the Sisters of the Holy Child Jesus, faculty, staff, students, alumni and the entire Rosemont College community."
CONTACT
Carly Colombo
ccolombo@briancom.com
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SOURCE Rosemont College | https://www.kxii.com/prnewswire/2022/06/03/jim-cawley-appointed-interim-president-rosemont-college/ | 2022-06-03T19:21:34Z |
LOS ANGELES, Aug. 10, 2022 /PRNewswire/ -- In a case of first impression, with no prior on-point decision anywhere in the country, BG persuaded the United States Bankruptcy Court for the Southern District of New York to rule that the obligation to not disclose information, pursuant to the terms of a nondisclosure agreement ("NDA") entered into before bankruptcy, are not discharged in bankruptcy.
Despite the prevalence of NDAs in a wide range of business and personal transactions, and recent high profile disputes involving their enforcement, before now there was no bankruptcy court decision squarely addressing the question of whether NDA obligations survive bankruptcy.
In this case, the Firm's client entered into an NDA with the Debtor before bankruptcy. The Debtor contended the NDA could be ignored, and the Debtor could even publish facts and circumstances the disclosure of which was prohibited by the NDA, because, the Debtor argued, the "fresh start" of bankruptcy rendered the NDA obligations unenforceable.
The Bankruptcy Court agreed with BG's analogy to cases addressing non-compete clauses, and accepted the premise of our argument, namely, that obligations to not disclose are not "claims" within the meaning of the Bankruptcy Code because they do not require the Debtor to pay money.
The Court's decision quoted BG's legal brief for the proposition that the NDA obligations "would not require Debtor to expend any funds, or take any action, or do anything at all whatsoever; it merely permits Creditor to enforce the [NDA], which prohibits Debtor from affirmatively breaching [Debtor's] undertaking …." (Decision at p. 14.)
The Court thus agreed the NDA obligations were not "claims," and because only "claims" are subject to being discharged in bankruptcy, the NDA obligations are not discharged in bankruptcy.
Accordingly, while the Firm's client is not permitted to seek monetary damages for violation of the NDA, the client is free to obtain injunctive relief to enforce the NDA.
The Firm's client was represented in this matter by Steve Gubner and Jerry Bregman. "This is a great result and important decision for adding clarity to the law," Bregman said.
The decision was issued in In re Uchitel, Bankr. SDNY, Case No. 10-11585 (JLG) (Aug. 4, 2022) [DOC # 70]
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SOURCE BG Law | https://www.kxii.com/prnewswire/2022/08/10/bg-creates-law-that-nda-obligations-are-not-discharged-bankruptcy/ | 2022-08-10T23:59:26Z |
ISLAMABAD (AP) — The death toll from more than five weeks of monsoon rains and flash flooding across Pakistan has reached 304, authorities said Saturday.
Since mid-June, the deluge has swollen rivers and damaged highways and bridges, disrupting traffic. Almost 9,000 homes have been fully destroyed or partially damaged.
Particularly hard-hit was the volatile, impoverished southwestern Baluchistan province, where 99 people died in rain-related incidents and subsequent flooding, followed by 70 dead in southern Sindh province.
There have also been 61 fatalities in northwestern Khyber Pakhtunkhwa province bordering Afghanistan, and 60 in eastern Punjab province. The dead include women and children, and at least 284 people have been injured.
Every year, much of Pakistan struggles with the annual monsoons, drawing criticism about poor government planning. The season runs from July through September. Rains are essential for irrigating crops and replenishing dams and other water reservoirs in Pakistan. | https://cw33.com/news/international/ap-international/pakistan-death-toll-from-monsoon-rains-flooding-reaches-304/ | 2022-07-24T12:28:49Z |
Sports betting in time for football season uncertain in Kansas
WICHITA, Kan. (KWCH) - Many people are eying the start of the NFL football season as when they wanted to see sports betting open - with what will be a soft launch.
On Friday, the Kansas Lottery said it is a possibility, but caution people should view it as a sure bet, and the goal right now for them is getting this right.
“It is moving. It’s moving forward, but the biggest thing for us and everyone is we want the product to be functional, secure and safe to use. We obviously don’t want it to launch and then go down,” said Kansas Lottery Public Information Officer Cory Thone.
Kansas is nearing some of the first deadlines set out in the law creating sports betting in the state, that went into effect earlier this month.
By August 1, the Kansas Racing and Gaming Commission (KRGC) needs to have a process in place to complete background investigations on sportsbook platforms, and those investigations are to start by the middle of the month.
KRGC is also drafting regulations to oversee sports betting, and its board is expected to take them up next month.
Then on September 1, the Kansas Lottery is to create the process to approve sportsbook platforms.
The four state-owned casinos have already announced partnerships with sportsbook platforms that would allow for retail and mobile sports betting in Kansas.
“We trust them to make their decisions for their business, and I know that we have to approve it, but we trust them and trust what they’re doing, and that’s the reason that they’re there. Seeing that they’re making those strides is fine because it makes it known they’re ready. Everyone is getting ready,” said Thone.
Boot Hill Casino and Resort in Dodge City said this is something they’ve worked on for some time and already had some relationships with sportsbook platforms. They already have announced partnerships with two platforms and are looking at a third.
“Something the citizens have asked for some time. I know we have been working on legislation I feel like for the last three to five years,” said Ryan Deutsch, assistant general manager for Boot Hill Casino and Resort.
Boot Hill said it plans to open up temporary kiosks for sports betting this fall, but will open up a full-scale sportsbook later this year.
The lead writer for Bet Kansas, Christopher Boan, is watching the process and said all eyes are on Kansas with it being the latest state to authorize sports betting and likely the only one to launch this fall.
He said Kansas is expected to benefit from the lack of sports betting in neighboring states. An effort in Missouri failed this year.
“Kansas pretty much has a monopoly has a Midwest, so Iowa has an existing market, Colorado has mobile sports betting, but Kansas is in a unique position to really dominate,” said Boan.
Earlier this week, Hollywood Casino at the Kansas Speedway announced plans to have a temporary sportsbook open in time for the NASCAR race there on September 11.
The Kansas law on sports betting gives the state until the start of next year to fully open sports betting.
Copyright 2022 KWCH. All rights reserved. | https://www.wibw.com/2022/07/23/sports-betting-time-football-season-uncertain-kansas/ | 2022-07-23T16:35:54Z |
Topeka man arrested after business burglarized twice in three months
TOPEKA, Kan. (WIBW) - One Topeka man is behind bars after a local business was burglarized twice within three months.
The Topeka Police Department says Bradley Martin, 58, of Topeka, was booked into custody just after 7 p.m. Thursday.
TPD said around 4 p.m. on Jan. 28, officers were called to the 900 block of NW 25th St. with reports of an alarm activated at a local business.
Upon arrival, officers said they found damage to the business and missing items.
On March 1, TPD said another burglary was reported at the same business with similar results.
As the investigation unfolded, and through the help of the community, officers said they identified Martin as a person of interest.
TPD said Martin was arrested and booked into the Shawnee Co. Dept. of Corrections for two counts of burglary to a business, two counts of theft, and two counts of criminal damage to property.
Copyright 2022 WIBW. All rights reserved. | https://www.wibw.com/2022/04/08/topeka-man-arrested-after-business-burglarized-twice-three-months/ | 2022-04-08T15:52:47Z |
Congressman Sanford Bishop spoke with The Albany Herald Thursday about the coming election and politics in general. Read the story in Sunday's Albany Herald and at AlbanyHerald.com.
ALBANY -- Elections are a natural part of the political process. Politicians know going in that their futures are determined by a constituency that can be steadfast or fickle, depending often on the direction in which political winds are blowing.
As the "dean" of Georgia's U.S. Congressional delegation, serving now in his 30th year, Rep. Sanford Bishop has been through the process often in his career. That's why, even as political pundits insist his 2nd Congressional District is "in play" this election cycle because of redistricting that reduced his overwhelming Democratic majority to a scant 53%, Bishop expresses confidence that the people in the district will respond to "what I've brought to the table."
"I'm asking the voters to renew my contract," Bishop said in a conversation with The Albany Herald. "I feel I have a record of service that the people in this district know and appreciate. I hope they'll say, 'Well done, good and faithful servant' when it comes time to vote."
Bishop was in town Thursday with U.S. Ag Secretary Tom Vilsack to "deliver some checks" to the community in the form of infrastructure funding for the Radium Springs neighborhood that has been devastated over the years by a series of natural disasters.
"This job doesn't belong to me; it belongs to the people of the 2nd District," Bishop said. "I trust their judgment. I'm interviewing for the job and trust their judgment."
The entire interview with Bishop will be featured in the Sunday edition of The Albany Herald and at AlbanyHerald.com.
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SAN DIEGO (AP) — The San Diego Padres left no doubt about their desired destination when they added superstar Juan Soto to a lineup anchored by All-Star Manny Machado and about to welcome back flashy Fernando Tatis Jr.
Deep into October. Maybe even November.
General manager A.J. Preller, already known for an innate ability to pull off trades, navigated his way through perhaps one of baseball’s biggest deals ever at the trade deadline when he acquired Soto, the superstar outfielder from the Washington Nationals who is one of the game’s best young hitters, and switch-hitting first baseman Josh Bell.
The haul going back to Washington was significant: rookie left-hander MacKenzie Gore, first baseman/DH Luke Voit and prospects James Wood, C.J. Abrams, Robert Hassell III and Jarlin Susana.
The Padres feel it was more than worth it.
“We feel like we’re going to put up a show and it’s going to be really fun to watch,” said Tatis, the star shortstop who is close to returning from a fractured left wrist. “It’s really hype to be over here.”
Could that hype extend to a World Series run?
“Ooooh,” said Tatis, who has known Soto since they were teenagers in the Dominican Republic. “We have the talent. We definitely have the talent, and we have the team to do it. Now it’s up to us to put the work out there and make it happen.”
That’s why Preller, owner Peter Seidler and team president Erik Greupner were willing to part with prospects and push their team into a higher luxury tax threshold to get the generational superstar.
Soto remains under team control for two more seasons after this one, which made it no sure thing the Nationals would trade him now. The Padres getting him for potentially three playoff runs even absent a new deal made this the peak of Soto’s value.
“Ultimately, we’re looking at it as three years, three pennant races with one of the best hitters, maybe the best hitter in the game,” Preller said. “That’s a long time. … We’ll have time to figure out down the road the long-term commitment. Peter, Eric, have wanted to do that with elite players, elite people, he’s one of those.
“You’re talking about a 23-year-old player who won a World Series, won a batting title, is a perennial MVP candidate, at that age. I think we were on the same page what it meant for our franchise.”
Machado called Soto and Bell “impact players who are going to come in here and help out this team tremendously. Top of the game right now.”
Asked what made Soto special, Machado paused and said, “I don’t even know how to answer that question. I mean, he’s Juan Soto. He does what he does every single day, every single year and he showed it in the postseason, showed it in All-Star Games, the Home Run Derby. Just the way he posted up every single day.”
The Padres entered the day 12 games behind the Los Angeles Dodgers in the NL West and two games ahead of Philadelphia for the second of three wild-card spots.
Their only playoff appearance since Preller took over in 2014 was a wild-card series win after the pandemic-shortened 2020 season. They were then swept in the division series by the Dodgers, who went on to win the World Series.
“We feel like it’s going to be a dogfight. It’s going to be a heck of a pennant race,” Preller said. “We feel we’re a better team, a stronger team. We’re a stronger team, but we know it’s going to be a lot of competition. It’s getting to October, getting to the dance, and see what happens.”
Preller said the teams went through so many versions of the deal that “when we got to the finish line at the end, there was some celebrations, some cheers, some high-fives, maybe some disappointment seeing some of the prospects going out the door.”
Washington general manager Mike Rizzo set a lofty asking price last month after reports emerged that Soto rejected the team’s latest contract offer of $440 million over 15 years.
“We set the bar very, very high, and one team exceeded it and that’s the deal we made,” Rizzo said. “Props to the San Diego Padres. They’re not afraid, and ownership’s not afraid and A.J. Preller’s not afraid, and they were aggressive and we made a deal that you call historical.”
The uncertainty over his future began weighing on Soto, who said after Sunday’s game against St. Louis: “I just want to get it over with and see what’s going to happen. Start over here or wherever I’m at.”
That’ll be in San Diego. Soto and Bell will be introduced at an afternoon news conference and are expected to be in the lineup that night against the Colorado Rockies.
With little protection around him in Washington’s lineup, Soto hit .246 with 20 home runs and 45 RBIs and 91 walks in 101 games.
In 2,435 plate appearances since making his Nationals debut in 2018, Soto is batting .291 with 118 home runs and 357 RBIs. He’s only a couple of years removed from slugging .695 with a 1.185 OPS and .490 on-base percentage — all NL bests.
After contributing to the Nationals’ first championship in franchise history in 2019, Soto hit .351 in 2020 to win the NL batting title. He has been walked more than any other player in major league baseball over the past two seasons. A two-time All-Star, Soto was second in NL MVP voting in 2021.
The massive deal came a day after Preller swung a blockbuster trade to get All-Star closer Josh Hader from Milwaukee and finalized a $100 million, five-year contract for All-Star right-hander Joe Musgrove.
“The atmosphere here is they want to win, and not just go to the playoffs but win a World Series,” Hader said. “That’s a contagious atmosphere to be a part of.”
Voit was a late addition to the deal after San Diego first baseman Eric Hosmer declined to waive a no-trade provision. Hosmer was then traded to Boston for left-hander Jay Groome.
After reeling in Soto, Preller also acquired infielder Brandon Drury from Cincinnati. The Padres sent minor league shortstop Victor Acosta to the Reds for the 29-year-old Drury, who has a career-high 20 homers this year.
San Diego began the season with a luxury tax payroll of $229.3 million, just below the first threshold, and the trades push the Padres into tax territory for the second straight season. Soto is owed $5,978,022 for the rest of this season and Bell $3,516,844.
The package of prospects going to Washington is one of the most touted groups ever involved in one deal. Gore and Abrams debuted in San Diego this season after ranking among the sport’s elite minor leaguers, Hassell and Wood are both top 100 prospects according to MLB.com, and Susana was considered the best pitcher available in the 2021-22 international free agent class.
Soto becomes the latest Nationals player to be traded as part of the organization’s long-term rebuild and with ownership looking to sell the team. Rizzo traded shortstop Trea Turner, ace Max Scherzer, power hitter Kyle Schwarber and five others at the deadline last year, and Washington has let Bryce Harper, Anthony Rendon and others move on in free agency.
The quintet of young players coming from San Diego could join the ones acquired last year — including pitcher Josiah Gray and catcher Keibert Ruiz — as the core of Washington’s next contender.
“We were fortunate that it was a well-rounded trade,” Rizzo said. “We’ve got two pitchers, two outfielders and a shortstop, which fit our needs perfectly.”
___
Whyno reported from Washington.
___
AP Baseball Writer Ronald Blum also contributed to this report.
___
More AP MLB: https://apnews.com/tag/MLB and https://twitter.com/AP_Sports | https://cw33.com/sports/ap-sports/ap-source-padres-have-tentative-deal-in-place-for-soto/ | 2022-08-03T14:44:43Z |
Published: Jul. 21, 2022 at 5:59 AM CDT|Updated: 20 minutes ago
- Second quarter 2022 EPS was $6.48, an increase of 34% compared to second quarter 2021 EPS of $4.83
- Second quarter 2022 operating income was $558 million, an all-time record and an increase of 5% as compared to the same period a year ago
- Second quarter 2022 After-Sales gross profit was $482 million, an increase of 11% compared to the same period a year ago
- During the second quarter of 2022, AutoNation repurchased 3.7 million shares of common stock for an aggregate purchase price of $404 million
- AutoNation today announced that the Board of Directors authorized the repurchase of up to an additional $1 billion of AutoNation common stock
- AutoNation today announced its plan to acquire CIG Financial to expand it capabilities and enhance the Customer buying experience
FORT LAUDERDALE, Fla., July 21, 2022 /PRNewswire/ -- AutoNation, Inc. (NYSE: AN), America's most admired automotive retailer, today reported second quarter 2022 EPS of $6.48. Second quarter 2022 revenue was $6.9 billion, down 2% as compared to the same period a year ago.
Operational Summary
Second quarter 2022 Operational Summary:
Revenue – Revenue was $6.9 billion, a decrease of 2% compared to the year-ago period.
Gross Profit - Gross profit totaled $1.4 billion, an increase of 3% compared to the year-ago period.
SG&A as a Percentage of Gross Profit – SG&A as a percentage of gross profit was 55.4%, an improvement of 110 basis points compared to the year-ago period.
"AutoNation Associates delivered outstanding performance across all of our business sectors, leveraging our customer focus, digital capabilities, cost discipline, and capital allocation to produce record results. I am particularly pleased with our After-Sales penetration with gross profit increasing 11% compared to last year. This is a key profit driver that has been a particular area of focus since my arrival and that has been structurally embedded in the organization. Additionally, today, we announced our agreement to acquire CIG Financial, an auto finance company. This acquisition addresses a key strategic next step in the evolution and expansion of our customer relationships, particularly for our used vehicle business," said Mike Manley, AutoNation Chief Executive Officer.
Used Vehicle Growth Strategy
AutoNation's second quarter 2022 used vehicle revenue increased 13%, compared to the prior year period, driven by AutoNation's used vehicle sourcing strategy, a broad selection of inventory, a proven operating model, demonstrated digital scale, and an admired brand. AutoNation will continue to expand its used vehicle retail business, leveraging its existing capabilities and AutoNation USA growth plan, coupled with rich data and analytics.
The Company plans to open its twelfth AutoNation USA store in the third quarter in Kennesaw, Georgia. AutoNation's target is to have over 130 AutoNation USA stores in operation from coast-to-coast by the end of 2026. These stores will continue to leverage the AutoNation brand, scale, and proven Customer-centric processes to capture a larger share of the used vehicle market.
Acquisition of Captive Finance Capabilities
AutoNation today announced it has entered into an agreement to acquire CIG Financial, an auto finance company headquartered in Irvine, CA. The acquisition of CIG Financial aligns with AutoNation's strategic business model and singular focus on personalized mobility solutions that are easy, transparent, and customer-centric. This acquisition will further extend AutoNation's relationship with its Customers beyond the buying experience and throughout the vehicle ownership life cycle. The transaction is expected to close within the next 90 days, subject to customary closing conditions and regulatory approvals.
Share Repurchase
During the second quarter of 2022, AutoNation repurchased 3.7 million shares of common stock, or 6% of shares outstanding for an aggregate purchase price of $404 million. Year-to-date through July 19, 2022, AutoNation repurchased 7.2 million shares of common stock, or 11% of the shares outstanding at the beginning of the year, for an aggregate purchase price of $789 million. AutoNation today announced that the Board of Directors authorized the repurchase of up to an additional $1 billion of AutoNation common stock. As of July 19, 2022, AutoNation had approximately 56 million shares outstanding.
Liquidity and Leverage
As of June 30, 2022, AutoNation had $2.1 billion of liquidity, including $337 million in cash and approximately $1.8 billion of availability under our revolving credit facility. The Company's covenant leverage ratio was 1.5x at quarter-end, or 1.4x net of cash and used floorplan availability. AutoNation had approximately $3.5 billion of non-vehicle debt outstanding as of June 30, 2022.
Segment Results
Segment results(1) for the second quarter 2022 were as follows:
Second Quarter 2022 Segment Results
Domestic - Domestic segment income(2) was $153 million compared to year-ago segment income of $169 million, a decrease of 9%.
Import - Import segment income(2) was $193 million compared to year-ago segment income of $204 million, a decrease of 5%.
Premium Luxury - Premium Luxury segment income(2) was $258 million compared to year-ago segment income of $226 million, an increase of 14%.
The second quarter conference call may be accessed by telephone 844-200-6205 (Conference ID: 709044) at 9:00 a.m. Eastern Time today or on AutoNation's investor relations website at investors.autonation.com.
The webcast will also be available on AutoNation's website under "Events & Presentations" following the call. A playback of the conference call will be available after 1:00 p.m. Eastern Time on July 21, 2022, through August 11, 2022, by calling 866-813-9403 (Conference ID: 703427). Additional information regarding AutoNation's results can be found in the Investor Presentation available at: investors.autonation.com.
About AutoNation, Inc. AutoNation, a provider of personalized transportation services, is driven by innovation and transformation. As one of America's most admired companies, AutoNation delivers a peerless Customer experience recognized by data-driven consumer insight leaders, Reputation and J.D. Power. Through its bold leadership and brand affinity, the AutoNation Brand is synonymous with "DRVPNK" and "What Drives You, Drives Us." AutoNation has a singular focus on personalized transportation services that are easy, transparent, and Customer-centric.
Please visit www.autonation.com, investors.autonation.com, and www.twitter.com/AutoNation, where AutoNation discloses additional information about the Company, its business, and its results of operations. Please also visit www.autonationdrive.com, AutoNation's automotive blog, for information regarding the AutoNation community, the automotive industry, and current automotive news and trends.
NON-GAAP FINANCIAL MEASURES This news release and the attached financial tables contain certain non-GAAP financial measures as defined under SEC rules, which exclude certain items disclosed in the attached financial tables. As required by SEC rules, the Company provides reconciliations of these measures to the most directly comparable GAAP measures. The Company believes that these non-GAAP financial measures improve the transparency of the Company's disclosure, provide a meaningful presentation of the Company's results excluding the impact of items not related to the Company's ongoing core business operations, and improve the period-to-period comparability of the Company's results from its core business operations. Non-GAAP financial measures should not be considered a substitute for, or superior to, financial measures calculated and presented in accordance with GAAP.
FORWARD-LOOKING STATEMENTS This news release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements other than statements of historical fact are, or may be deemed to be, forward-looking statements. Words such as "anticipates," "expects," "intends," "goals," "targets," "projects," "plans," "believes," "continues," "may," "will," "could," and variations of such words and similar expressions are intended to identify such forward-looking statements. Statements regarding our strategic initiatives, partnerships, investments, and pending acquisitions, including the planned expansion of our AutoNation USA pre-owned vehicle stores, our investments in digital and online capabilities, and our planned acquisition of an auto finance company, statements regarding our expectations for the future performance of our business and the automotive retail industry, and other statements that describe our objectives, goals, or plans, are forward-looking statements. Our forward-looking statements reflect our current expectations concerning future results and events, and they involve known and unknown risks, uncertainties, and other factors that are difficult to predict and may cause our actual results, performance, or achievements to be materially different from any future results, performance, and achievements expressed or implied by these statements. These risks, uncertainties, and other factors include, among others: our ability to implement successfully our strategic initiatives, partnerships, investments, and pending acquisitions, including the planned expansion of our AutoNation USA stores and the planned acquisition of an auto finance company; our ability to identify, acquire, and build out suitable locations in a timely manner; our ability to develop successfully our digital and online capabilities; our ability to satisfy applicable closing conditions for pending acquisitions; our ability to maintain and enhance our retail brands and reputation and to attract consumers to our own digital channels; our ability to acquire and integrate successfully new franchises; restrictions imposed by vehicle manufacturers and our ability to obtain manufacturer approval for acquisitions; economic conditions, including changes in unemployment, interest, and/or inflation rates, consumer demand, fuel prices, and tariffs; supply chain disruptions and inventory availability; new and used vehicle margins; our ability to attain planned sales volumes within our expected time frames; our ability to successfully implement and maintain expense controls; the success and financial viability and the incentive and marketing programs of vehicle manufacturers and distributors with which we hold franchises; the response by federal, state, and local governments and other parties to, and the economic impacts of, the COVID-19 pandemic; natural disasters and other adverse weather events; the resolution of legal and administrative proceedings; regulatory factors affecting our business, including fuel economy requirements; the announcement of safety recalls; factors affecting our goodwill and other intangible asset impairment testing; and other factors described in our news releases and filings made under the securities laws, including, among others, our Annual Reports on Form 10-K, our Quarterly Reports on Form 10-Q and our Current Reports on Form 8-K. Forward-looking statements contained in this news release speak only as of the date of this news release, and we undertake no obligation to update these forward-looking statements to reflect subsequent events or circumstances.
The above press release was provided courtesy of PRNewswire. The views, opinions and statements in the press release are not endorsed by Gray Media Group nor do they necessarily state or reflect those of Gray Media Group, Inc. | https://www.kxii.com/prnewswire/2022/07/21/autonation-reports-all-time-record-quarterly-eps/ | 2022-07-21T11:19:42Z |
Malena Cybak breaks Stark County record in girls 800, Kendal Fisher hopes for shot at record
Tuslaw's Malena Cybak hoped to become a state champion Saturday.
Even though she came up short, Cybak did not walk away from the OHSAA Track and Field Championships empty handed.
Cybak broke the all-time Stark County record in the girls 800 meters with her time of 2:09.55. She finished fourth overall.
St. Thomas Aquinas' Kalee Soehnlen held the old record of 2:10.29 since 2016.
McKinley 800-meter relay comes close
Brothers Caleb and Colin Ruffin, Bri'Rell Pinkney and Braizhon Marshall almost became the standard bearers.
McKinley's boys 800-meter relay still finished strong even though it did not make history Saturday.
The Bulldogs finished third overall. Their school-record time of 1:26.63 was within two tenths of a second of the all-time Stark County record Massillon set at last year's state meet.
The Ruffins, Pinkney and Marshall own the second and third-fastest times in county history. They ran a 1:27.40 at last week's regional meet.
Jackson helps Rick Neitzelt go out in style
Rick Neitzelt's last Jackson girls team was his best.
The Polar Bears finished third overall in Division I at the state meet. It was their best state finish under Neitzelt, who is retiring after 47 years as head coach.
Jackson won Stark County, Federal League,district and regional team titles this season.
No shoe, no problem for Connor Shingleton
Minerva's Connor Shingleton made the most of an awkward situation in the Division II boys 1,600.
Despite running with just one shoe for more than three laps, Shingleton was able to finish seventh overall and become an All-Ohioan for the second straight year. He lost his shoe when he was stepped on during the race's first 300 meters.
Shingleton ran a time of 4:18.43. It was his second-fastest 1,600 time of the season.
Kendal Fisher still hopes for shot at history
Perry pole vaulter Kendal Fisher took a shot at history after she won her Division I state title.
After jumping a school-record 13 feet, 2 1/4 inches, Fisher attempted to match the all-time Stark County record of 13-4 1/4 set by Fairless' Allyson Simmons in 2014. She missed all three tries.
Fisher may get one more chance. She will compete for Team Ohio at Saturday's Midwest Meet of Champions at Indiana Wesleyan University. The meet features many of the top high school track and field athletes from Ohio, Indiana and Michigan.
A Perry pole vaulter set the boys all-time county record at the Midwest Meet of Champions. Lucas Kelley jumped 16-9 at the 2016 meet.
Kelley's record still stands.
Reach Mike at mike.popovich@cantonrep.com
On Twitter: @mpopovichREP | https://www.cantonrep.com/story/sports/high-school/track-field/2022/06/06/malena-cybak-breaks-stark-girls-800-meters-record-ohsaa-state-track-meet-tuslaw-high-school-ohio/7523178001/ | 2022-06-06T13:20:28Z |
New Catalyst research shows that 68% of employees also say their employers' Covid-related policies are not genuine.
NEW YORK, June 22, 2022 /PRNewswire/ -- In 2020, as employers were grappling with the pandemic and renewed calls for racial justice, many responded with new policies and pronouncements. But according to a survey of nearly 7,000 employees in 14 countries around the globe conducted by Catalyst, more than two out of three employees (68%) believe their organization's coronavirus-related policies for the care and safety of their workers were not genuine. In White-majority countries, three-quarters of employees reported that their organization's racial equity policies were not genuine.
The report, Words Aren't Enough: The Risks of Performative Policies, shows that it's not enough to announce policies or issue statements. Organizations must follow through and take meaningful action. The data show that employees are savvy and recognize when company policies are merely performative—and when that is the conclusion they reach, there are consequences for organizations, including less engagement and intent to stay among employees.
"This report is a wake-up call for CEOs and other senior leaders at a time when employers are still facing high turnover due to the Great Resignation," said Lorraine Hariton, Catalyst President & CEO. "When faced with the next unprecedented disruption, leaders must be able to address it with empathy and authentic, meaningful actions."
Most Employees Do Not View Covid-19 Policies as Genuine but Have Better Experiences at Work When They Do—Key Findings:
- More than two out of three employees (68%) reported that their organization's Covid-19 policies were not genuine.
- Employees who felt their organization's Covid-19 policies were genuine experience more inclusion, engagement, feelings of respect and value for their life circumstances, ability to balance life-work demands, and intent to stay.
- Employees who perceived their organization's Covid-19 policies as genuine and had empathic senior leaders experienced less burnout than others.
Most Employees Do Not View Racial Equity Policies as Genuine but Have Better Experiences at Work When They Do—Key Findings:
- Three-quarters (75%) of employees reported that their organization's racial equity policies were not genuine.
- Employees from marginalized racial and ethnic groups were less likely to view these policies as genuine (23%) than White employees (29%). Employees from marginalized racial and ethnic groups who felt their organization's racial equity policies were genuine experienced more inclusion, engagement, feelings of respect and value for their life circumstances, ability to balance life-work demands, and intent to stay.
- Greater empathy from senior leaders was associated with increased perceptions of their organization's racial equity policies as genuine, leading to increased experiences of inclusion among employees from marginalized race and ethnic groups and increased engagement among women.
Report authors Tara Van Bommel, PhD, Kathrina Robotham, PhD, and Danielle M. Jackson, PhD, pinpoint leader empathy as a key determinant in whether employees perceived Covid-related and racial equity policies positively. Leaders who use their empathy skills are better able to create and communicate an authentic, equitable vision for the future and reap the employee and organizational benefits, according to the survey.
"We are amid a paradigm shift that compels companies and leaders to take a stand on the defining social and environmental issues of our time," said report author Van Bommel, who leads Catalyst's research on women and the future of work. "Empathy is a vital skill—one that can be learned, developed, and strengthened, and when CEOs and other senior leaders are empathic with employees, they are able to address employee priorities in a vision that will bring deep change and success to everyone."
This report, the third in Catalyst's series on Leveraging Disruption for Equity, lays out specific steps that CEOs and other senior leaders can take to be authentic and sincere by using empathy skills.
Methodology
Catalyst surveyed 6,975 employees in 14 countries. Respondents were recruited through a panel service company. At the time of the survey, all respondents were full-time workers. After obtaining informed consent, respondents completed an online survey about "technology and work-life experiences." The survey took approximately 20 minutes to complete and included questions about their experiences at work and a demographics section. Catalyst used a variety of statistical analyses to understand the relationships between a respondent's perceptions of Covid-19 and racial equity policies, senior leader empathy, and employee outcomes.
About Catalyst
Catalyst is a global nonprofit supported by many of the world's most powerful CEOs and leading companies to help build workplaces that work for women. Founded in 1962, Catalyst drives change with preeminent thought leadership, actionable solutions and a galvanized community of multinational corporations to accelerate and advance women into leadership—because progress for women is progress for everyone.
Contacts
Erin Souza-Rezendes
Senior Director, Global Communications
Catalyst
erezendes@catalyst.org
Stephanie Wolf
US Communications Consultant
Catalyst
stephanie@stephaniewolfpr.com
Ted Bravakis
Canada Communications Consultant
Catalyst
tbravakis@bravacomm.com
Frances Knox
EMEA Communications Consultant
Catalyst
frances@frankly-pr.co.uk
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SOURCE Catalyst | https://www.wibw.com/prnewswire/2022/06/22/three-quarters-employees-say-racial-equity-policies-are-not-genuine/ | 2022-06-22T14:23:21Z |
NEW YORK, July 25, 2022 /PRNewswire/ -- Weiss Law is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Shell Midstream Partners, L.P. ("Shell" or the "Company") (NYSE: SHLX), in connection with the proposed acquisition of the Company by Shell USA, Inc. ("Shell USA"). Under the terms of the merger agreement, the Company's unit holders will receive $15.85 in cash for each Public Common Unit of Shell common stock owned. A subsidiary of Shell USA currently owns 269,457,304 Shell common units, or approximately 68.5% of Shell common units. The transaction is valued at approximately $1.96 billion.
If you own Shell 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/shlx
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 (i) Shell's board of directors acted in the best interests of Company unit holders in agreeing to the proposed transaction, (ii) the merger consideration adequately compensates Shell's unit holders, and (iii) all information regarding the sales process and valuation of the transaction will be fully and fairly disclosed.
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/2022/07/26/shareholder-alert-weiss-law-investigates-shell-midstream-partners-lp/ | 2022-07-26T02:49:17Z |
Shesterkin stops 30 as Rangers again beat Penguins 3-0
By ALLAN KREDA
Associated Press
NEW YORK (AP) — Frank Vatrano and Artemi Panarin scored in the second period, Igor Shesterkin stopped 30 shots for his fourth shutout of the season and the New York Rangers beat the Pittsburgh Penguins 3-0. Dryden Hunt added an empty-net goal in the final minute and Mika Zibanejad had two assists for New York, which is 6-1-1 in its last eight games — including three victories against Pittsburgh. Tristan Jarry had 21 saves for Pittsburgh, which has lost four of five and is 2-5-1 in its last eight. | https://localnews8.com/sports/ap-national-sports/2022/04/07/shesterkin-stops-30-as-rangers-again-beat-penguins-3-0/ | 2022-04-08T05:32:50Z |
STOCKHOLM, July 15, 2022 /PRNewswire/ --
Second quarter of 2022
- Net sales in the second quarter amounted to SEK 2,980 (2,445) million. Organic growth was 9 per cent and growth from acquisitions 11 per cent, while exchange rate effects accounted for 2 per cent.
- Adjusted EBITA increased by 3 per cent to SEK 172 (167) million and the operating margin was 5.8 (6.8) per cent.
- EBIT was SEK 119 (119) million. Profit after tax was SEK 79 (81) million.
- Earnings per share were SEK 0.8 (0.8).
- Cash conversion for the most recent 12-month period amounted to 97 (94) per cent.
- Leverage in relation to adjusted EBITDA was 2.0 (1.7).
First half of the year (January–June 2022)
- Net sales in the first half of the year amounted to SEK 5,935 (4,775) million. Organic growth was 10 per cent and growth from acquisitions 12 per cent, while exchange rate effects accounted for 2 per cent.
- Adjusted EBITA increased by 17 per cent to SEK 359 (306) million and the operating margin was 6.0 (6.4) per cent.
- EBIT was SEK 242 (203) million. Profit after tax was SEK 164 (134) million.
- Earnings per share were SEK 1.7 (1.4).
GROUP EARNINGS SUMMARY
Invitation to a press and analyst presentation
On 15 July 2022 at 9:00 a.m. CEST, the company's President and CFO will give a presentation on developments in the second quarter via a webcast.
To participate in the webcast, please register in advance using the following link:
To listen to the presentation by telephone, dial +46850558354 (Sweden) +4723963688 (Norway), +4582333194 (Denmark), +358981710521 (Finland) or +443333009266 (UK).
The briefing material and a recording of the webcast will be published on the company's website www.coor.com, under Investors/Reports and presentations, after the briefing.
Financial calendar
27 October 2022 Interim report January–September 2022
9 February 2023 Interim Report January–December 2022
26 April 2023 Interim report January–March 2023
14 July 2023 Interim report January–June 2023
For further information
For questions concerning the financial report, please contact our CFO and Director of Investor Relations Klas Elmberg (+46 10 559 65 80)
For questions concerning the operations or the company in general, please contact president and CEO AnnaCarin Grandin (+46 10 559 57 70) or Magdalena Öhrn, Director of Communications (+46 10 559 55 19).
More information is also available on our website: www.coor.com
This constitutes information which Coor Service Management Holding AB is required to publish under the EU's Market Abuse Regulation and the Swedish Securities Market Act. The information was submitted for publication through the above contact person on 15 July 2022 at 7:30 a.m. CEST.
As the leading provider of facility management services, Coor aims to create the happiest, healthiest and most prosperous workplace environments in the Nordic region. Coor offers specialist expertise in workplace services, property services and strategic advisory services. Coor creates value by executing, developing and streamlining our customers' service activities. This enables our customers to do what they do best.
Coor's customer base includes many large and small companies and public-sector organisations across the Nordic region, including ABB, Aibel, the Danish Building and Property Agency, DNV-GL, DSB, Ericsson, Equinor, ICA, Karolinska University Hospital Solna, the Danish Police, Public Prosecution Authority and Prison and Probation Service, PostNord, Saab, Sandvik, SAS, Skanska, Telia Company, the Swedish Transport Administration, Vasakronan and Volvo Cars.
Coor was founded in 1998 and has been listed on Nasdaq Stockholm since 2015. Coor takes responsibility for the operations it conducts, in relation to its customers, employees and shareholders, as well as for its wider impact on society and the environment. Read more at www.coor.com
This information was brought to you by Cision http://news.cision.com
The following files are available for download:
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SOURCE Coor | https://www.mysuncoast.com/prnewswire/2022/07/15/interim-report-january-june-2022-coor-service-management-holding-ab/ | 2022-07-15T06:13:00Z |
Roessner will work closely with Mike Blundin, newly named President and COO, to drive the company's growth and help lead the wealth management industry into the future.
WAKEFIELD, Mass., Sept. 8, 2022 /PRNewswire/ -- Vestmark, Inc., a leading provider of wealth management software and services, today announced that it is expanding its executive leadership team, welcoming fintech industry and E*TRADE veteran Karl Roessner as Chief Executive Officer.
As CEO, Mr. Roessner will be responsible for the vision and strategic direction of Vestmark, including new business growth, expansion into new adjacent product lines and broadening Vestmark's partnerships across the fintech ecosystem. In the newly created role as President and COO, Mr. Blundin will focus on Vestmark's core business supporting client success. He will continue to lead internal operations, VestmarkONE platform development, Vestmark's advisory services including direct indexing, and service programs for Vestmark's asset management and wealth management clients.
"As I have gotten to know Karl over the last year, it became clear that his unique combination of commercial and industry expertise, executive leadership, board-level experience and enthusiasm for Vestmark perfectly complements the skills and focus of our executive team," said Mr. Blundin. "I couldn't be more thrilled to collaborate closely with Karl toward advancing our mission of building more sophisticated, personalized and scalable investment solutions for clients across the wealth spectrum while growing Vestmark's footprint in new markets."
Mr. Roessner brings to Vestmark over 25 years of executive management, board engagement and public company experience, as well as a deep understanding of the capital markets. Most recently, he was CEO of Lefteris Acquisition Corp., a special-purpose acquisition company focused on the financial technology space. Before that, he was CEO at E*TRADE Financial Corporation, where he also served as a member of its Board of Directors. Earlier in his career, Mr. Roessner was a partner in the M&A Group at Clifford Chance, LLP, a global law firm.
"Vestmark is uniquely positioned to combine its deep investment expertise with innovative, scalable and robust technology to transform the way we invest. I couldn't be more excited to work with Mike and the rest of the team to grow the business and broaden our services and solutions," said Mr. Roessner.
Headquartered outside of Boston, Mass., and founded in 2001, Vestmark is a leading provider of portfolio management/trading solutions and outsourced services for financial institutions and their advisors, enabling them to efficiently manage and trade customized client portfolios through an innovative SaaS platform. Supporting over $1.5 trillion in assets and over 5 million accounts. Vestmark is a trusted partner to some of the largest and most respected wealth management firms. For more information about Vestmark's solutions, call (781) 224-3640, or visit www.vestmark.com.
Media Contact:
Siobhan Nolan
JConnelly
(862) 217-9585
snolan@jconnelly.com
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SOURCE Vestmark | https://www.wibw.com/prnewswire/2022/09/08/vestmark-expands-leadership-team-naming-karl-roessner-ceo/ | 2022-09-08T21:47:06Z |
REHOBOTH BEACH, Del. (AP) — Ending his most recent COVID-19 isolation, President Joe Biden on Sunday left the White House for the first time since becoming infected with the coronavirus last month, settling in for a reunion with first lady Jill Biden in their home state of Delaware.
The president tested negative Saturday and Sunday, according to his doctor, clearing the way for him to emerge from an isolation that lasted longer than expected because of a rebound case of the virus. “He will safety return to public engagement and presidential travel,” Dr. Kevin O’Connor wrote.
“I’m feeling good,” Biden said before boarding Marine One outside the White House.
The Bidens were expected to spend the day in Rehoboth Beach, a popular vacation destination.
Biden originally tested positive on July 21, and he began taking the anti-viral medication Paxlovid, which is intended to decrease the likelihood of serious illness from the virus. According to his doctor, Biden’s vital signs remained normal throughout his infection, but he his symptoms included a runny nose, cough, sore throat and body aches.
After isolating for several days, Biden tested negative on July 26 and July 27, when he gave a speech in the Rose Garden, telling Americans they can “live without fear” of the virus if they get booster shots, test themselves for the virus if they become sick and seek out treatments.
But Biden caught a rare rebound case of COVID-19 on July 30, forcing him to isolate again. He occasionally gave speeches from a White House balcony, such as when he marked the killing of an al-Qaida leader or a strong jobs report.
He continued to test positive until Saturday, when he received his first negative result. While the president was isolating in the White House residence, the first lady remained in Delaware.
The Bidens are scheduled to visit Kentucky on Monday to view flood damage and meet with families. | https://cw33.com/health/ap-health/biden-leaves-white-house-for-1st-time-since-getting-covid-19/ | 2022-08-07T19:01:58Z |
DHS is pausing its newly created disinformation board
By Sean Lyngaas and Priscilla Alvarez, CNN
The Department of Homeland Security is pausing its newly created disinformation board amid fierce criticism and confusion over the effort, according to a source familiar with the decision.
Earlier this month, DHS announced an interagency team, dubbed the “Disinformation Governance Board,” to coordinate department activities related to disinformation aimed at the US population and infrastructure. Nina Jankowicz, a disinformation expert with experience working on Ukraine and Russia issues, was tapped to helm the board.
Jankowicz’s appointment quickly drew condemnation from GOP lawmakers and right-wing media, who pointed to her past tweets and statements regarding Hunter Biden’s laptop and Christopher Steele, the author of the so-called Steele Dossier.
At the time, DHS and the White House defended the new initiative, and backed Jankowicz to lead it.
The Washington Post first reported on the suspension of the disinformation board. CNN has reached out to DHS for comment.
Jankowicz has focused on disinformation and Eastern Europe for years and advised the Ukrainian Foreign Ministry on the subject in 2016 and 2017, according to her website. She is fluent in Russian, and her book “How to Lose the Information War” examines how five Western governments have dealt with Russian disinformation.
Despite her expertise, critics argue she holds biases on certain issues. For instance, in a TikTok video posted prior to her appointment to lead the board, Jankowicz singled out Rudy Giuliani and TikTok influencers to a Mary Poppins jingle.
DHS previously said Homeland Security Secretary Alejandro Mayorkas asked department officials to enhance the public’s trust in the group. The board is an internal working group and doesn’t have operational authority, instead serving in a more advisory role. It’s intended to gather best practices and support counter-disinformation activities, not monitor Americans, according to DHS.
The concept of the board dates to last year. At the time, Homeland Security officials began discussing a group to provide guidance on policies and privacy protection questions, given that agencies within the department were already collecting information for purposes related to their missions, said John Cohen, the former acting head of the DHS Office of Intelligence and Analysis, in an interview with CNN earlier this month.
One of the questions the working group could help with, officials thought, was whether agencies could share information with one another that they had obtained through their own authorities, Cohen said.
Mayorkas acknowledged that some of the criticism of the board was brought on by the department’s own rollout.
“We probably could have done a better job of communicating what it does and does not do,” he said earlier this month in an interview with CNN’s Dana Bash.
The “Disinformation Governance Board” focuses first on disinformation surrounding human migration into the US and potential disinformation threats from Russia aimed at US critical infrastructure, DHS said in a news release announcing the board.
Russian disinformation campaigns against Americans have gone on for years, including during election cycles. US officials are always watching for new signs of Kremlin-backed efforts to sow divisions, particularly in light of Russia’s war in Ukraine.
Meanwhile, US challenges in dealing with migrants trying to enter the US are exacerbated by smugglers who “make a profit by spreading false information that endangers lives,” DHS said in its news release.
This is a breaking story and will be updated.
The-CNN-Wire
™ & © 2022 Cable News Network, Inc., a WarnerMedia Company. All rights reserved. | https://localnews8.com/news/2022/05/18/dhs-is-pausing-its-newly-created-disinformation-board/ | 2022-05-18T16:59:53Z |
MECHANICSBURG, Pa., Sept. 13, 2022 /PRNewswire/ -- West Shore Home®, one of the fastest growing home remodeling companies in the nation, announced today its newest initiative ─ West Shore for Warriors. The mission of West Shore for Warriors is to serve U.S. veterans, active military members, and their families. With its national footprint, West Shore Home is uniquely positioned to assist veterans in need.
The centerpiece of West Shore for Warriors is its bath installations. Each year around Veterans Day, the company provides a new bath or shower to select, deserving veterans. The initiative also encompasses veteran hiring, recruiting and training, and non-profit outreach such as the Marine Corps Toys for Tots and Wreaths Across America.
"We could not be prouder to launch this initiative," said B.J. Werzyn, President and CEO, West Shore Home. "Serving our nation's veterans has always been important to our mission and now through West Shore for Warriors we have an even greater ability to serve those who served our country."
West Shore Home specializes in window, door, and bath remodeling and replacement, with most projects completed in just one day. Its vision is to become America's Most Admired Home Remodeling Brand®.
With a mission to Bring Happiness to Every Home®, the company strives to make home improvement convenient and hassle-free. Its technology enabled platform allows it to efficiently serve its customers, from the first phone call to the project design phase, and through the day of installation.
Founded in 2006, West Shore Home has grown from a locally based home remodeling company to a national brand with over 33 operational locations in 15 states. They include Alabama, Arizona, Colorado, Florida, Georgia, Indiana, Kentucky, Maryland, North Carolina, Pennsylvania, South Carolina, Tennessee, Texas, Utah and Virginia. It has continued national expansion plans.
West Shore Home®, headquartered in Mechanicsburg, PA., is a leading technology-enabled home remodeling services provider with an expanding national footprint. Founded in 2006, West Shore Home's national brand promise is Bringing Happiness to Every Home® by delivering a fast, easy and convenient home remodeling experience. From the first phone call to the final installation, customers have a streamlined experience and associate the West Shore Home brand with consistent high quality, transparency, and trust. For additional information visit westshorehome.com.
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SOURCE West Shore Home | https://www.wibw.com/prnewswire/2022/09/13/west-shore-home-launches-west-shore-warriors-assist-with-veteran-outreach-nationwide/ | 2022-09-13T14:42:59Z |
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