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PASADENA, Calif., April 19, 2022 /PRNewswire/ -- ExchangeRight, one of the nation's leaders in diversified real estate investments and strategies, has fully subscribed its $124 million Net-Leased Portfolio 50 offering, containing 30 net-leased properties covering 676,976 square feet across 17 states. The portfolio of single-tenant properties was structured to generate consistent investor distributions starting at an annualized rate of 6.12 percent.
The fully occupied portfolio, offered at $124,160,000, includes properties tenanted by CVS Pharmacy, Dollar General, Dollar Tree, Family Dollar, First Midwest Bank, Fresenius Medical Care, Octapharma Plasma, Publix, Sherwin-Williams, Walgreens and WellMed. The offering launched with 10-year, fixed-rate, interest-only financing at 3.26 percent.
"We are grateful for those investors, advisors and representatives who have placed their trust in us to steward the wealth they have invested in Net-Leased Portfolio 50," said Warren Thomas, a managing partner in ExchangeRight. "We are intent on constructing diversified net-leased portfolios for DST investors designed to produce stable income through economic cycles, preserve investor wealth, defer investors' taxes and provide a strategic exit."
ExchangeRight and its affiliates' vertically integrated platform features over $4.8 billion in assets under management, diversified across over 1,050 properties, over 19 million square feet and throughout 44 states. More than 6,600 investors have trusted ExchangeRight to manage their capital. All of the company's current and past offerings have met or exceeded targeted cash flow distributions to investors since the company's founding. The past performance of ExchangeRight and its previous offerings does not guarantee future results.
About ExchangeRight
ExchangeRight pursues its passion to empower people to be secure, free and generous by providing REIT, fund and 1031 DST portfolios that target secure capital, stable income and strategic exits. The company strategically syndicates net-leased portfolios of assets backed primarily by investment-grade corporations that successfully operate in the necessity-based retail and healthcare industries, as well as diversified value-add portfolios of inline and outparcel retail spaces shadow-anchored by strong-performing grocery tenants. Please visit www.exchangeright.com for more information.
LinkedIn: https://www.linkedin.com/company/exchangeright-real-estate
Facebook: https://www.facebook.com/ExchangeRight
Twitter: https://twitter.com/exchangeright
Lindsey Thompson
Senior Media Relations Officer
lthompson@exchangeright.com
(626) 773-3448
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| 2022-04-19T23:07:09Z
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LAKE MARY, Fla., April 19, 2022 /PRNewswire/ -- FARO® Technologies, Inc. (NASDAQ: FARO), a global leader in 4D digital reality, today announced that after market close on Wednesday, April 27, 2022, it will release its financial results for the first quarter ended March 31, 2022. In conjunction with the release, Michael D. Burger, President and Chief Executive Officer, and Allen Muhich, Chief Financial Officer, will host a conference call on Wednesday, April 27, 2022 at 5:00 p.m. ET.
Interested parties can access the conference call by dialing (866) 518-6930 (U.S.) or +1 (203) 518-9797 (International) and using the passcode FARO. A live webcast will be available in the Investor Relations section of FARO's website at: https://www.faro.com/about-faro/investor-relations/events
A replay of the webcast will be available in the Investor Relations section of the company's web site approximately two hours after the conclusion of the call and remain available for approximately 30 calendar days.
FARO serves the 3D Metrology, AEC (Architecture, Engineering & Construction), O&M (Facilities Operations & Maintenance), and Public Safety Analytics markets. For over 40 years, FARO has provided industry-leading technology solutions that enable customers to digitize their world, and then use that data to make smarter decisions faster. FARO continues to be a pioneer in bridging the digital and physical worlds through data-driven accuracy, precision, and immediacy. For more information, visit FARO.com.
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| 2022-04-19T23:07:16Z
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N. BETHESDA, Md., April 19, 2022 /PRNewswire/ -- Federal Realty Investment Trust (NYSE:FRT) will announce first quarter 2022 earnings in a press release to be issued before market open on Thursday, May 5, 2022. The Company will host a conference call on Thursday, May 5th, at 11:00 AM ET.
Event: Federal Realty Investment Trust's First Quarter 2022 Earnings Conference Call
When: 11:00 AM ET, Thursday, May 5, 2022
Live Webcast: FRT First Quarter 2022 Earnings Conference Call or www.federalrealty.com
Dial #: 877.407.9208; Passcode: 13729384
A replay of the webcast will be available 30 minutes after the conclusion of the call on Federal Realty's website at www.federalrealty.com. A telephonic replay of the conference call will also be available through May 19, 2022 by dialing 844.512.2921; Passcode: 13729384.
About Federal Realty
Federal Realty is a recognized leader in the ownership, operation and redevelopment of high-quality retail-based properties located primarily in major coastal markets from Washington, D.C. to Boston as well as San Francisco and Los Angeles. Founded in 1962, Federal Realty's mission is to deliver long-term, sustainable growth through investing in communities where retail demand exceeds supply. Its expertise includes creating urban, mixed-use neighborhoods like Santana Row in San Jose, California, Pike & Rose in North Bethesda, Maryland and Assembly Row in Somerville, Massachusetts. These unique and vibrant environments that combine shopping, dining, living and working provide a destination experience valued by their respective communities. Federal Realty's 104 properties include approximately 3,100 tenants, in 25 million square feet, and approximately 3,400 residential units.
Federal Realty has increased its quarterly dividends to its shareholders for 54 consecutive years, the longest record in the REIT industry. Federal Realty is an S&P 500 index member and its shares are traded on the NYSE under the symbol FRT. For additional information about Federal Realty and its properties, visit www.federalrealty.com.
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https://www.whsv.com/prnewswire/2022/04/19/federal-realty-investment-trust-announces-first-quarter-2022-earnings-release-date-conference-call-information/
| 2022-04-19T23:07:23Z
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PALM BEACH, Fla., April 19, 2022 /PRNewswire/ -- Forum Partners, a global real estate investment and asset management firm, announced today that Patrick LeBlanc has joined the company as national sales director.
In his new role LeBlanc will become the key influencer in charting Forum Partners' course in pursuing the development of alternative investment strategies. His main responsibility will be to drive sales for the firm's investment programs to wealth advisors throughout the financial services industry, including independent broker-dealers, registered investment advisors and institutional channels, while also managing critical senior client broker-dealer relationships.
"Patrick brings a wealth of experience in real estate investments and sales management," said Russell Platt, CEO of Forum Partners. "He has been a top performer throughout his career and his collaborative approach, business acumen and strong work ethic will undoubtedly help bring our company to greater heights. We are pleased to welcome Patrick as our national sales director."
LeBlanc brings almost 15 years of professional experience to his new role with Forum Partners. Most recently he worked at Megatel Capital Investment, where he directed their West Coast regional sales team in capital raise efforts for residential real estate funds. During his tenure, he led its top producing territory, and prior to that, he served as top wholesaler for 10 consecutive quarters at Hartman Income REIT.
He started his career on the insurance side of the business as a senior marketing consultant for Dressander BHC, where he managed a book of nearly $50 million in annuity production and assisted as many as 30 carrier partners and broker-dealers, and over 500 financial planners conceptualize individual marketing plans to increase their business.
LeBlanc earned his bachelor's degree from Sam Houston State University and holds his FINRA Series 7 and 66 licenses. He is also licensed to sell life and health insurance.
About Forum Partners
Forum Partners is a global private equity firm and investment manager focused exclusively on investing in and alongside best in class sector-focused real estate companies. Established in 2002, Forum is headquartered in London with regional offices around the world where it does business. The company's strength lies in identifying a catalyst for unlocking asset and enterprise value and tailoring investments accordingly. Forum's portfolio of operating companies and affiliates directly or indirectly own or manage over $11 billion of commercial real estate in the United States and worldwide. For more information, visit forumpartners.com
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| 2022-04-19T23:07:30Z
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LOS ANGELES, April 19, 2022 /PRNewswire/ -- Glancy Prongay & Murray LLP ("GPM") announces that investors with substantial losses have opportunity to lead the securities fraud class action lawsuit against Grab Holdings Limited ("Grab" or the "Company") (NASDAQ: GRAB, GRABW).
Class Period: November 12, 2021 – March 3, 2022
Lead Plaintiff Deadline: May 16, 2022
If you wish to serve as lead plaintiff of the Grab lawsuit, you can submit your contact information at www.glancylaw.com/cases/grab-holdings-limited/. You can also contact Charles H. Linehan, of GPM at 310-201-9150, Toll-Free at 888-773-9224, or via email at shareholders@glancylaw.com to learn more about your rights.
The complaint filed alleges that, throughout the Class Period, Defendants failed to disclose to investors: (1) that Grab's driver supply declined during the third quarter; (2) that, as a result, Grab continued to invest heavily in driver and consumer incentives to "preemptively recalibrate driver supply"; (3) that, as a result, the Company's financial results would be adversely impacted, including, among other things, a significant decline in revenue; and (4) that, 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.
Follow us for updates on LinkedIn, Twitter, or Facebook.
To be a member of the class action you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the class action. If you wish to learn more about this class action, or if you have any questions concerning this announcement or your rights or interests with respect to the pending class action lawsuit, please contact Charles Linehan, Esquire, of GPM, 1925 Century Park East, Suite 2100, Los Angeles, California 90067 at 310-201-9150, Toll-Free at 888-773-9224, by email to shareholders@glancylaw.com, or visit our website at www.glancylaw.com. If you inquire by email please include your mailing address, telephone number and number of shares purchased.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
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| 2022-04-19T23:07:37Z
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The First Ready-to-eat Scrambled Egg, Made From Plants
An exceptionally protein-rich egg-alternative, from clean plant-protein leader Hodo
OAKLAND, Calif., April 19, 2022 /PRNewswire/ -- Seeing a market gap and consumer demand for an egg-alternative that is delicious, high-protein, minimally processed, and conveniently ready-made, Hodo introduces the breakthrough Vegan All-Day Egg Scramble. In honor of Earth Day, Hodo's latest innovation is made from plants, with whole ingredients and artisan methods for true egg-y flavor, texture, and best-in-class nutrient density. Hodo's plant-based egg not only tastes like scrambled eggs, it has as much protein as a chicken egg, zero cholesterol, 30% more protein than the largest egg-alt player in the market, and is also high in fiber, calcium, and iron.
Hodo is an established, key player in building a more sustainable food system. For nearly two decades, Hodo has replaced approximately 3,000 tons of animal proteins each year. The primary ingredient of the All-Day Egg Scramble is the most prolific legume on the planet - soybeans - and Hodo uses only North American grown, organic, and non-GMO soybeans. True to Hodo's mission, the All-Day Egg Scramble helps to address the environmental impacts of our food system and climate change, while meeting the high expectations of consumers who just want to eat tasty food that is healthy and humane.
Hodo's plant-protein is ready for breakfast and beyond. As a convenient, ready-to-eat, no-cook substitute for animal eggs, the All-Day Egg Scramble makes delicious comfort meals right out of the package. It's fluffy, soft, and sunny, with a true egg-y flavor. Top your toast, bundle up in a burrito, or stir fry with rice. It mimics the flavor of eggs wonderfully straight from the microwave. Just heat and eat, right out of the clean-label package.
"The All-Day Egg Scramble is a twist on a Hodo bestseller from our early days at farmers' markets, reflecting the wholesome craveability and convenience of this plant-protein egg alternative," says Hodo Founder and CEO Minh Tsai. "Hodo's Egg Scramble tastes like eggs and is made of clean, whole plant-based ingredients: true to Hodo's farmers' market roots in deliciousness, health, and convenience."
Plant-based eggs were the fastest-growing plant-based category in 2021, with 42% dollar sales growth, while conventional egg sales declined by 4%. In the past three years, plant-based egg dollar sales have grown more than 1,000%, according to the Plant Based Foods Association.
Hodo's new All-Day Egg Scramble will launch at 1,500 stores nationwide, including Whole Foods Market and Natural Grocers, with more grocery chains bringing it on in the coming months. The All-Day Egg Scramble will also be available for foodservice.
About Hodo
Hodo is an award-winning, innovative, and artisan plant-based protein company. Hodo's plant-based meat- and egg-alternative foods and tofu are made with organic, non-GMO soybeans and are protein-rich, nutrient-dense, gluten-free, and vegan (of course). Featuring bold, global flavors in convenient, ready-to-eat formats, Hodo is tasty right out of the box.
Every day, we are building a more environmentally sustainable food system. Beginning with one farmer's market stand and growing to serve stores and restaurants nationwide, Hodo is committed to organic, whole ingredients and crafting better-for-you plant-based foods that are always delicious.
Retail
Hodo is a leading brand at Whole Foods Market, Sprouts, Target, Publix, Albertsons Safeway, and independent natural grocery stores. Hodo is also available through meal kits and grocery delivery such as Sunbasket and Imperfect Foods.
Foodservice
Hodo supplies ingredient-driven foodservice partners such as Chipotle (the Sofritas), sweetgreen, corporate campus restaurants from Google to Facebook, and Michelin-starred restaurants such as Daniel and Single Thread.
For more information, visit www.hodofoods.com.
— Standout Fast Facts —
- Made with North American grown organic soybeans.
- Simple and clean-ingredient plant-based egg alternative.
- Protein-rich in the egg-alternative, plant-based egg category: 12 grams of protein
- As per the FDA: Excellent source of protein. Good source of calcium, iron, and fiber.
- Rooted in traditional, artisanal methods yet innovative & convenient. Ready-to-heat and serve, no scrambling needed.
- Minimally processed soy products may reduce the risk of a range of health problems, including cardiovascular disease, stroke, coronary heart disease, some cancers as well as improve bone health.
- Health-boosting, immune-boosting spices include turmeric, garlic, cumin, paprika.
Media Contact: press@hodofoods.com
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| 2022-04-19T23:07:44Z
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ATLANTA, April 19, 2022 /PRNewswire/ -- The Home Depot®, the world's largest home improvement retailer, today announced that Matt Carey has been named executive vice president (EVP) of customer experience, effective immediately. In this newly formed role, Carey will be responsible for leading the vision, design, and development of new and innovative solutions that drive a seamless experience for the millions of customers who turn to Home Depot for their home improvement projects – in stores, online, or on their mobile devices.
"In his 14 years with The Home Depot, Matt has spearheaded an enormous technology transformation across our stores, supply chain, merchandising and digital presence," said Ted Decker, CEO and president of The Home Depot. "Now more than ever, our customers expect to shop with us how, when, and where they want – and there's little tolerance for friction in the shopping experience. Matt has a proven track record driving customer-first technology innovation, and I look forward to his leadership as we continue to make shopping at Home Depot a truly interconnected, easy experience for our customers."
Before joining The Home Depot, Carey served as senior vice president (SVP) and chief technology officer (CTO) at eBay, where he was responsible for product development, site operations, cybersecurity, platform engineering, data warehousing and catalog operations for eBay Marketplaces. Prior to joining eBay in 2006, he spent more than 20 years with Walmart, where he was SVP and CTO.
Fahim Siddiqui has been named EVP and chief information officer (CIO) of The Home Depot. As CIO, Siddiqui will be responsible for all aspects of the company's technology strategy, infrastructure and software development for The Home Depot's 2,317 retail stores, supply chain facilities, store support centers and online systems.
Siddiqui joined The Home Depot in 2018 as SVP of information technology, where he focused on the development of applications and solutions for online, marketing, merchandising, supply chain, data and analytics function. He led the buildout of several transformational capabilities, including a central platform of common services to deliver agility, consistency and efficiency across the customer experience. Prior to The Home Depot, he spent more than three decades leading software development in the retail, energy and telecom sectors, including Staples, MCI, Time Warner Telecom and Sprint.
"Fahim is a tremendous leader and a brilliant technologist who understands the power of technology to unlock a better experience for our customers and associates, and I look forward to working with him in this next phase of growth for The Home Depot," Decker added.
ABOUT THE HOME DEPOT
The Home Depot is the world's largest home improvement specialty retailer. At the end of fiscal year 2021, the company operated a total of 2,317 retail stores in all 50 states, the District of Columbia, Puerto Rico, the U.S. Virgin Islands, Guam, 10 Canadian provinces and Mexico. The company employs approximately 500,000 associates. The Home Depot's stock is traded on the New York Stock Exchange (NYSE: HD) and is included in the Dow Jones industrial average and Standard & Poor's 500 index.
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| 2022-04-19T23:07:50Z
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FARMINGTON, Conn., April 19, 2022 /PRNewswire/ -- Horizon Technology Finance Corporation (NASDAQ: HRZN) ("Horizon") (the "Company"), a leading specialty finance company that provides capital in the form of secured loans to venture capital backed companies in the technology, life science, healthcare information and services, and sustainability industries, announced today that it plans to release financial results for the first quarter ended March 31, 2022 on Tuesday, May 3, 2022, after the close of market trading.
The Company has scheduled a conference call to discuss the results on Wednesday, May 4, 2022, at 9:00 a.m. ET. The conference call will feature remarks by Robert D. Pomeroy, Jr., Chairman and Chief Executive Officer, Gerald A. Michaud, President, and Daniel R. Trolio, Executive Vice President and Chief Financial Officer. To participate in the call, please dial (877) 407-9716 (domestic) or (201) 493-6779 (international). The conference ID is 13728693. Please dial into the call at least five minutes before the scheduled start time.
The conference call will also be available via a live listen-only webcast on the Company's website, www.horizontechfinance.com. Please allow extra time prior to the call to visit the site and download any necessary software that may be needed to listen to the Internet broadcast.
An online archive of the webcast will be available on the Company's website for 30 days following the call.
About Horizon Technology Finance
Horizon Technology Finance Corporation (NASDAQ: HRZN) is a leading specialty finance company that provides capital in the form of secured loans to venture capital backed companies in the technology, life science, healthcare information and services, and sustainability industries. The investment objective of HRZN is to maximize its investment portfolio's return by generating current income from the debt investments it makes and capital appreciation from the warrants it receives when making such debt investments. Horizon Technology Finance Management LLC is headquartered in Farmington, Connecticut, with a regional office in Pleasanton, California, and investment professionals located in Portland, Maine, Austin, Texas, and Reston, Virginia. To learn more, please visit horizontechfinance.com.
Forward-Looking Statements
Statements included herein may constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Statements other than statements of historical facts included in this press release may constitute forward-looking statements and are not guarantees of future performance, condition or results and involve a number of risks and uncertainties. Actual results may differ materially from those in the forward-looking statements as a result of a number of factors, including those described from time to time in the Company's filings with the Securities and Exchange Commission. Horizon undertakes no duty to update any forward-looking statement made herein. All forward-looking statements speak only as of the date of this press release.
Contacts:
Investor Relations:
ICR
Garrett Edson
ir@horizontechfinance.com
(860) 284-6450
Media Relations:
ICR
Chris Gillick
HorizonPR@icrinc.com
(646) 677-1819
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| 2022-04-19T23:07:59Z
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THE WOODLANDS, Texas, April 19, 2022 /PRNewswire/ -- Huntsman Corporation (NYSE: HUN) does not typically comment about pending lawsuits. When necessary, however, Huntsman will publicly defend its reputation and the integrity of its employees. Huntsman will also set the record straight when it faces false charges that touch on matters of public interest like racial discrimination.
Recently, a law firm released a statement regarding a lawsuit it filed against Huntsman in Los Angeles on behalf of two former employees of its West San Fernando Road facility. The former employees are claiming they faced hostile and discriminatory treatment at that worksite due to their race, national origin, and sex, and that they were wrongfully terminated. These charges are false. Following a thorough investigation, the two plaintiffs were terminated by local management last November for misconduct and unprofessional behavior in the workplace. The investigation revealed that the plaintiffs took multiple unauthorized and extended breaks to meet in private, and, according to one of them, engage in consensual intimate encounters in various locations throughout the facility. The decision to terminate their employment was not racially motivated in any way.
Huntsman stands firmly against all forms of discrimination in and outside of the workplace and thoroughly investigates all claims of misconduct or unethical behavior. Claims and concerns can be raised through multiple channels - including an anonymous hotline, none of which these former employees chose to utilize. Huntsman will aggressively defend the case and the integrity of its local workforce against these false charges.
About Huntsman:
Huntsman Corporation is a publicly traded global manufacturer and marketer of differentiated and specialty chemicals with 2021 revenues of approximately $8 billion. Our chemical products number in the thousands and are sold worldwide to manufacturers serving a broad and diverse range of consumer and industrial end markets. We operate more than 70 manufacturing, R&D and operations facilities in approximately 30 countries and employ approximately 9,000 associates within our four distinct business divisions. For more information about Huntsman, please visit the company's website at www.huntsman.com.
Social Media:
Twitter: www.twitter.com/Huntsman_Corp
Facebook: www.facebook.com/huntsmancorp
LinkedIn: www.linkedin.com/company/huntsman
Forward-Looking Statements:Certain information in this release constitutes 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. These statements are based on management's current beliefs and expectations. The forward-looking statements in this release are subject to uncertainty and changes in circumstances and involve risks and uncertainties that may affect the company's operations, markets, products, services, prices and other factors as discussed under the caption "Risk Factors" in the Huntsman companies' filings with the U.S. Securities and Exchange Commission. Significant risks and uncertainties may relate to, but are not limited to, volatile global economic conditions, cyclical and volatile product markets, disruptions in production at manufacturing facilities, reorganization or restructuring of Huntsman's operations, including any delay of, or other negative developments affecting the ability to implement cost reductions, timing of proposed transactions, and manufacturing optimization improvements in Huntsman businesses and realize anticipated cost savings, and other financial, economic, competitive, environmental, political, legal, regulatory and technological factors. The company assumes no obligation to provide revisions to any forward-looking statements should circumstances change, except as otherwise required by applicable laws.
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| 2022-04-19T23:08:06Z
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Double-Digit Software and Consulting Growth Led by Hybrid Cloud Adoption; Strong Profit Generation
ARMONK, N.Y., April 19, 2022 /PRNewswire/ -- IBM (NYSE: IBM) today announced first-quarter 2022 earnings results.
"Demand for hybrid cloud and AI drove growth in both Software and Consulting in the first quarter. Today we're a more focused business and our results reflect the execution of our strategy," said Arvind Krishna, IBM chairman and chief executive officer. "We are off to a solid start for the year, and we now see revenue growth for 2022 at the high end of our model."
First-Quarter Highlights
- Revenue
- Revenue of $14.2 billion, up 8 percent, up 11 percent at constant currency (over 5 points from incremental sales to Kyndryl)
- Software revenue up 12 percent, up 15 percent at constant currency (over 8 points from incremental sales to Kyndryl)
- Consulting revenue up 13 percent, up 17 percent at constant currency
- Infrastructure revenue down 2 percent, flat at constant currency (over 8 points from incremental sales to Kyndryl)
- Hybrid cloud revenue:
-- First Quarter: $5.0 billion, up 14 percent, up 17 percent at constant currency
-- Last 12 months: $20.8 billion, up 17 percent - Free Cash Flow
- On a consolidated basis, net cash from operating activities of $3.2 billion; free cash flow of $1.2 billion
"In the first quarter we continued to strengthen the fundamentals of our business, consistent with our medium-term model," said James Kavanaugh, IBM senior vice president and chief financial officer. "We are a faster growing, more profitable company with a higher-value business mix, a significant recurring revenue base and strong cash generation."
Segment Results for First Quarter
- Software (includes Hybrid Platform & Solutions, Transaction Processing)— revenues of $5.8 billion, up 12.3 percent, up 15.4 percent at constant currency (over 8 points from incremental sales to Kyndryl):
- Hybrid Platform & Solutions up 7 percent, up 10 percent at constant currency (about 1.5 points from incremental sales to Kyndryl):
-- Red Hat up 18 percent, up 21 percent at constant currency
-- Automation up 3 percent, up 5 percent at constant currency
-- Data & AI up 2 percent, up 4 percent at constant currency
-- Security up 5 percent, up 8 percent at constant currency
- Transaction Processing up 26 percent, up 31 percent at constant currency (about 28 points from incremental sales to Kyndryl)
- Software segment hybrid cloud revenue up 22 percent, up 25 percent at constant currency - Consulting (includes Business Transformation, Technology Consulting and Application Operations)— revenues of $4.8 billion, up 13.3 percent, up 17.4 percent at constant currency:
- Business Transformation up 15 percent, up 19 percent at constant currency
- Technology Consulting up 14 percent, up 19 percent at constant currency
- Application Operations up 10 percent, up 14 percent at constant currency
- Consulting segment hybrid cloud revenue up 24 percent, up 29 percent at constant currency - Infrastructure (includes Hybrid Infrastructure, Infrastructure Support)— revenues of $3.2 billion, down 2.3 percent, up 0.3 percent at constant currency (over 8 points from incremental sales to Kyndryl):
- Hybrid Infrastructure down 5 percent, down 2 percent at constant currency (over 8 points from incremental sales to Kyndryl)
-- IBM z Systems down 19 percent, down 18 percent at constant currency
-- Distributed Infrastructure up 5 percent, up 8 percent at constant currency
- Infrastructure Support flat, up 4 percent at constant currency (over 8 points from incremental sales to Kyndryl)
- Infrastructure segment hybrid cloud revenue down 20 percent, down 18 percent at constant currency - Financing (includes client and commercial financing)— revenues of $0.2 billion, down 26.2 percent, down 24.5 percent at constant currency
Cash Flow and Balance Sheet
On a consolidated basis, in the first quarter, the company generated net cash from operating activities of $3.2 billion or $1.6 billion excluding IBM Financing receivables. IBM's free cash flow was $1.2 billion, which includes cash impacts from the company's structural actions initiated at the end of 2020.
IBM ended the first quarter with $10.8 billion of cash on hand (which includes marketable securities), up $3.2 billion from year-end 2021. Debt, including IBM Financing debt of $12.2 billion, totaled $54.2 billion, up $2.5 billion since the end of 2021. The company returned $1.5 billion to shareholders in dividends in the first quarter.
Full-Year 2022 Expectations
- Revenue growth: The company now expects constant currency revenue growth at the high end of the mid-single digit range. The company also expects an additional 3.5 point contribution from incremental sales to Kyndryl. At mid-April 2022 foreign exchange rates, currency is expected to be a three to four point headwind.
- Free Cash Flow: The company continues to expect $10 billion to $10.5 billion in consolidated free cash flow.
Forward-Looking and Cautionary Statements
Except for the historical information and discussions contained herein, statements contained in this release may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are based on the company's current assumptions regarding future business and financial performance. These statements involve a number of risks, uncertainties and other factors that could cause actual results to differ materially, including, but not limited to, the following: a downturn in economic environment and client spending budgets; a failure of the company's innovation initiatives; damage to the company's reputation; risks from investing in growth opportunities; failure of the company's intellectual property portfolio to prevent competitive offerings and the failure of the company to obtain necessary licenses; the company's ability to successfully manage acquisitions, alliances and dispositions, including integration challenges, failure to achieve objectives, the assumption of liabilities, and higher debt levels; fluctuations in financial results; impact of local legal, economic, political, health and other conditions; the company's failure to meet growth and productivity objectives; ineffective internal controls; the company's use of accounting estimates; impairment of the company's goodwill or amortizable intangible assets; the company's ability to attract and retain key employees and its reliance on critical skills; impacts of relationships with critical suppliers; product quality issues; impacts of business with government clients; reliance on third party distribution channels and ecosystems; cybersecurity and data privacy considerations; adverse effects related to climate change and environmental matters, tax matters; legal proceedings and investigatory risks; the company's pension plans; currency fluctuations and customer financing risks; impact of changes in market liquidity conditions and customer credit risk on receivables; potential failure of the separation of Kyndryl Holdings, Inc. to qualify for tax-free treatment; risk factors related to IBM securities; and other risks, uncertainties and factors discussed in the company's Form 10-Qs, Form 10-K and in the company's other filings with the U.S. Securities and Exchange Commission or in materials incorporated therein by reference. Any forward-looking statement in this release speaks only as of the date on which it is made. Except as required by law, the company assumes no obligation to update or revise any forward-looking statements.
Presentation of Information in this Press Release
On November 3, 2021, IBM completed the separation of Kyndryl. Unless otherwise specified, results are presented on a continuing operations basis.
In an effort to provide investors with additional information regarding the company's results as determined by generally accepted accounting principles (GAAP), the company has also disclosed in this press release the following non-GAAP information, which management believes provides useful information to investors:
IBM results —
- adjusting for currency (i.e., at constant currency);
- presenting operating (non-GAAP) earnings per share amounts and related income statement items;
- consolidated free cash flow;
- consolidated cash from operating activities excluding IBM Financing receivables;
The rationale for management's use of these non-GAAP measures is included in Exhibit 99.2 in the Form 8–K that includes this press release and is being submitted today to the SEC.
Conference Call and Webcast
IBM's regular quarterly earnings conference call is scheduled to begin at 5:00 p.m. EDT, today. The Webcast may be accessed via a link at https://www.ibm.com/investor/events/earnings-1q22. Presentation charts will be available shortly before the Webcast.
Financial Results Below (certain amounts may not add due to use of rounded numbers; percentages presented are calculated from the underlying whole-dollar amounts).
Contact: IBM
Sarah Meron, 347 891 1770
sarah.meron@ibm.com
Tim Davidson, 914 844 7847
tfdavids@us.ibm.com
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| 2022-04-19T23:08:13Z
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INDIVA TO BRING DIME'S INNOVATIVE VAPE BRAND PORTFOLIO TO CANADA
LONDON, ON, April 19, 2022 /PRNewswire/ - Indiva Limited (the "Company" or "Indiva") (TSXV: NDVA) (OTCQX: NDVAF), the leading Canadian producer of cannabis edibles, is pleased to announce that it has entered into a licensing and manufacturing agreement (the "Agreement") with California-based Dime IndustriesTM Inc. ("Dime") to bring its innovative vape brand portfolio to Canada. Following on Indiva's success in producing and distributing the top selling chocolates and gummies in Canada, the launch of Dime products in Canada will expand Indiva's portfolio to include innovative vape products, incorporating proprietary hardware and cannabis formulations. The initial term of the Agreement is for five years, with the Agreement automatically renewing for three additional five-year terms.
Dime's headquarters is based in Orange County, California. Founded and led by Mike Marz, Dime is one of the leading producers of cannabis vape products in the United States. Dime's vape portfolio includes ten different flavours, each of disposable and 510 thread carts, as well as multiple flavours of live resin carts. Dime currently manufactures and distributes its products in California, Arizona and Oklahoma, where it is legally permissible to do so under applicable state laws.
"We are delighted to partner with Dime to bring their innovative brand of proprietary, high-quality vape products to the Canadian market," said Niel Marotta, Chief Executive Officer of Indiva. "This is our first entrance into the vape category in Canada, and we could not be more excited about the quality of our chosen licensing partner and their products. Indiva distributes products to all 13 provinces and territories in Canada, and remains committed to growing its top-line and market share organically in Canada -adding vapes to our portfolio of award-winning products is expected to help Indiva accomplish just that. We are very excited to bring Dime vape products to Canadian cannabis enthusiasts."
"Dime Industries and its entire team are excited and eager to serve the Canadian market with our new partners at Indiva," said Mike Marz, Founder and Chief Executive Officer of Dime.
Indiva intends to begin production of Dime vape products in Canada as soon as possible, with initial deliveries to provincial wholesalers targeted for Q3 2022.
Dime IndustriesTM is founded and led by cannabis pioneer Mike Marz. Based in Orange County, California, Dime manufactures and distributes vape products which incorporate proprietary hardware and cannabis formulations. Dime also manufactures extract products. Dime products are currently available in California, Arizona, and Oklahoma, with multiple new markets anticipated to be added in 2022. Dime –Think Higher.
Connect with Dime on Instagram, Facebook, or on their website — http://www.dimeindustries.com/
Indiva sets the standard for quality and innovation in cannabis. As a Canadian licensed producer, Indiva produces and distributes award-winning cannabis products nationally, including Bhang® Chocolate, Wana™ Sour Gummies, Slow Ride Bakery Cookies, Jewels Cannabis Tarts, Ruby® Cannabis Sugar, Grön edibles, Dime IndustriesTM vape products, as well as capsules, pre-rolls and premium flower under the INDIVA and Artisan Batch brands. Click here to connect with Indiva on LinkedIn, Instagram, Twitter and Facebook, and here to find more information on the Company and its products.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) has in any way passed upon the merits of the contents of this news release and neither of the foregoing entities accepts responsibility for the adequacy or accuracy of this news release or has in any way approved or disapproved of the contents of this news release.
Certain statements contained in this news release constitute forward-looking information. These statements relate to future events or future performance. The use of any of the words "could", "intend", "expect", "believe", "will", "projected", "estimated" and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on the parties' current belief or assumptions as to the outcome and timing of such future events. Actual future results may differ materially. In particular, this news release contains forward-looking information relating to, among other things, the Company's future operations, future results, future product offerings (including the timing of the introduction of new product offerings) and compliance with applicable regulations. Various assumptions or factors are typically applied in drawing conclusions or making the forecasts or projections set out in forward-looking information. Those assumptions and factors are based on information currently available to the parties. The material factors and assumptions include the parties being able to maintain the necessary regulatory and other third parties' approvals and licensing and other risks associated with regulated entities in the cannabis industry, future sales, the demand for the Company's products and cannabis products generally and the continued operations of the Company in the ordinary course. The forward-looking information contained in this news release is made as of the date hereof and the Company is not obligated to, and does not undertake to, update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable securities laws. Because of the risks, uncertainties and assumptions inherent in forward-looking information, investors should not place undue reliance on forward looking information. The foregoing statements expressly qualify any forward-looking information contained herein.
All information contained in this news release with respect to Indiva and Dime was supplied by the respective party for inclusion herein, and each party and its directors and officers have relied on the other party for any information concerning the other party.
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| 2022-04-19T23:08:20Z
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NEW YORK, April 19, 2022 /PRNewswire/ -- The InfraCap MLP ETF (NYSE Arca: AMZA) (the "Fund") has declared a monthly distribution of $0.22 ($2.64 per share on an annualized basis). The distribution will be paid April 28, 2022 to shareholders of record as of the close of business April 21, 2022.
AMZA Cash Distribution:
- Ex-Date: Wednesday, April 20, 2022
- Record Date: Thursday, April 21, 2022
- Payable Date: Thursday, April 28, 2022
The Fund estimates that 100 percent of the distribution, or $0.22 per share, is attributable to return of capital and that 0.00 percent, or $0.00 per share, is attributable to dividend income. Infrastructure Capital Advisors expects to declare future distributions on a monthly basis. Distributions are planned, but not guaranteed, for every month. The next distribution is scheduled to occur in May 2022.
For more information about AMZA's distribution policy, its 2022 distribution calendar, or tax information, please visit the Fund's website at www.virtusetfs.com.
Virtus ETF Advisers is a New York-based, multi-manager ETF sponsor and affiliate of Virtus Investment Partners. With actively managed and index-based investment capabilities across multiple asset classes, Virtus offers a range of complementary exchange-traded-funds subadvised by select investment managers.
Infrastructure Capital Advisors, LLC (ICA) is an SEC-registered investment advisor that manages exchange traded funds and a series of hedge funds. The firm was formed in 2012 and is based in New York City. ICA seeks total-return opportunities in key infrastructure sectors, including energy, real estate, transportation, industrials and utilities. It often identifies opportunities in entities that are not taxed at the entity level, such as master limited partnerships ("MLPs") and real estate investment trusts ("REITs"). It also looks for opportunities in credit and related securities, such as preferred stocks. Current income is a primary objective in most, but not all, of the company's investing activities. The focus is generally on asset-intensive companies that generate and distribute substantial streams of free cash flow. For more information, please visit www.infracapfunds.com.
Exchange Traded Funds: The value of an ETF may be more volatile than the underlying portfolio of securities the ETF is designed to track. The costs of owning the ETF may exceed the cost of investing directly in the underlying securities.
MLP Interest Rates: As yield-based investments, MLPs carry interest rate risk and may underperform in rising interest rate environments. Additionally, when investors have heightened fears about the economy, the risk spread between MLPs and competing investment options can widen, which may have an adverse effect on the stock price of MLPs. Rising interest rates may increase the potential cost of MLPs financing projects or cost of operations, and may affect the demand for MLP investments, either of which may result in lower performance by or distributions from the Fund's MLP investments.
Industry/Sector Concentration: A fund that focuses its investments in a particular industry or sector will be more sensitive to conditions that affect that industry or sector than a non-concentrated fund.
Short Sales: The Fund may engage in short sales, and may experience a loss if the price of a borrowed security increases before the date on which the Fund replaces the security.
Leverage: When a Fund leverages its portfolio, the value of its shares may be more volatile and all other risks may be compounded.
Derivatives: Investments in derivatives such as futures, options, forwards, and swaps may increase volatility or cause a loss greater than the principal investment.
MLPs: Investments in Master Limited Partnerships may be adversely impacted by tax law changes, regulation, or factors affecting underlying assets.
No Guarantee: There is no guarantee that the portfolio will meet its objective.
You should consider the Fund's investment objectives, risks, and charges and expenses carefully before investing. Contact VP Distributors LLC at 1-888-383-4184 or visit www.infracapmlp.com to obtain a prospectus which contains this and other information about the Fund. The prospectus should be read carefully before investing.
Virtus ETF Advisers, LLC serves as the investment advisor and Infrastructure Capital Advisors, LLC serves as the sub-advisor to the Fund.
The Fund is distributed by VP Distributors, LLC, member FINRA and subsidiary of Virtus Investment Partners, Inc.
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| 2022-04-19T23:08:28Z
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NEW YORK, April 19, 2022 /PRNewswire/ -- The InfraCap REIT Preferred ETF (NYSE Arca: PFFR) (the "Fund") has declared a monthly distribution of $0.12 per share ($1.44 per share on an annualized basis). The distribution will be paid April 28, 2022 to shareholders of record as of the close of business April 21, 2022.
PFFR Cash Distribution:
- Ex-Date: Wednesday, April 20, 2022
- Record Date: Thursday, April 21, 2022
- Payable Date: Thursday, April 28, 2022
Infrastructure Capital Advisors expects to declare future dividends on a monthly basis. Distributions are planned, but not guaranteed, for every month. The next distribution is scheduled to occur in May 2022.
For more information about PFFR's distribution policy, its 2022 distribution calendar, or tax information, please visit the Fund's website at www.virtusetfs.com.
About Virtus ETF Advisers
Virtus ETF Advisers is a New York-based, multi-manager ETF sponsor and affiliate of Virtus Investment Partners. With actively managed and index-based investment capabilities across multiple asset classes, Virtus offers a range of complementary exchange-traded-funds subadvised by select investment managers.
About Infrastructure Capital Advisors, LLC
Infrastructure Capital Advisors, LLC (ICA) is an SEC-registered investment advisor that manages exchange traded funds and a series of hedge funds. The firm was formed in 2012 and is based in New York City. ICA seeks total-return opportunities in key infrastructure sectors, including energy, real estate, transportation, industrials and utilities. It often identifies opportunities in entities that are not taxed at the entity level, such as master limited partnerships ("MLPs") and real estate investment trusts ("REITs"). It also looks for opportunities in credit and related securities, such as preferred stocks. Current income is a primary objective in most, but not all, of the company's investing activities. The focus is generally on asset-intensive companies that generate and distribute substantial streams of free cash flow. For more information, please visit www.infracapfunds.com.
DISCLOSURE
Fund Risks
Exchange-Traded Funds (ETF): The value of an ETF may be more volatile than the underlying portfolio of securities it is designed to track. The costs of owning the ETF may exceed the cost of investing directly in the underlying securities. Preferred Stocks: Preferred stocks may decline in price, fail to pay dividends, or be illiquid. Real Estate Investments: The Fund may be negatively affected by factors specific to the real estate market, including interest rates, leverage, property, and management. Industry/Sector Concentration: A Fund that focuses its investments in a particular industry or sector will be more sensitive to conditions that affect that industry or sector than a non-concentrated Fund. Passive Strategy/Index Risk: A passive investment strategy seeking to track the performance of the underlying index may result in the Fund holding securities regardless of market conditions or their current or projected performance. This could cause the Fund's returns to be lower than if the Fund employed an active strategy. Correlation to Index: The performance of the Fund and its index may vary somewhat due to factors such as Fund flows, transaction costs, and timing differences associated with additions to and deletions from its index. Market Volatility: Securities in the Fund may go up or down in response to the prospects of individual companies and general economic conditions. Price changes may be short or long term. Prospectus: For additional information on risks, please see the Fund's prospectus.
You should consider the Fund's investment objectives, risks, and charges and expenses carefully before investing. Contact VP Distributors LLC at 1-888-383-4184 or visit www.virtusetfs.com to obtain a prospectus which contains this and other information about the Fund. The prospectus should be read carefully before investing.
Virtus ETF Advisers, LLC serves as the investment advisor and Infrastructure Capital Advisors, LLC serves as the subadviser to the Fund.
The Fund is distributed by VP Distributors, LLC, member FINRA and subsidiary of Virtus Investment Partners, Inc.
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| 2022-04-19T23:08:35Z
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LONDON, April 19, 2022 /PRNewswire/ -- International Game Technology PLC ("IGT") (NYSE:IGT) will host a conference call and live webcast to discuss first quarter 2022 results for the period ended March 31, 2022 on Tuesday, May 10, 2022.
Conference call details:
Tuesday, May 10, 2022
8:00 a.m. EDT
Dial-in registration: Visit here to register for the conference call. Upon registering, you will receive a dial-in number and unique PIN.
Webcast registration: A live, listen-only webcast is available under "Events Calendar" on IGT's Investor Relations website at www.IGT.com. A replay will also be available on the website following the call.
IGT (NYSE:IGT) is a global leader in gaming. We deliver entertaining and responsible gaming experiences for players across all channels and regulated segments, from Lotteries and Gaming Machines to Sports Betting and Digital. Leveraging a wealth of compelling content, substantial investment in innovation, player insights, operational expertise, and leading-edge technology, our solutions deliver unrivalled gaming experiences that engage players and drive growth. We have a well-established local presence and relationships with governments and regulators in more than 100 countries around the world, and create value by adhering to the highest standards of service, integrity, and responsibility. IGT has approximately 10,500 employees. For more information, please visit www.IGT.com.
This news release may contain forward-looking statements (including within the meaning of the Private Securities Litigation Reform Act of 1995) concerning International Game Technology PLC and its consolidated subsidiaries (the "Company") and other matters. These statements may discuss goals, intentions, and expectations as to future plans, trends, events, dividends, results of operations, or financial condition, or otherwise, based on current beliefs of the management of the Company as well as assumptions made by, and information currently available to, such management. Forward-looking statements may be accompanied by words such as "aim," "anticipate," "believe," "plan," "could," "would," "should," "shall", "continue," "estimate," "expect," "forecast," "future," "guidance," "intend," "may," "will," "possible," "potential," "predict," "project" or the negative or other variations of them. These forward-looking statements speak only as of the date on which such statements are made and are subject to various risks and uncertainties, many of which are outside the Company's control. Should one or more of these risks or uncertainties materialize, or should any of the underlying assumptions prove incorrect, actual results may differ materially from those predicted in the forward-looking statements and from past results, performance, or achievements. Therefore, you should not place undue reliance on such statements. Factors that could cause actual results to differ materially from those in the forward-looking statements include (but are not limited to) the factors and risks described in the Company's annual report on Form 20-F for the financial year ended December 31, 2021 and other documents filed from time to time with the SEC, which are available on the SEC's website at www.sec.gov and on the investor relations section of the Company's website at www.IGT.com. Except as required under applicable law, the Company does not assume any obligation to update these forward-looking statements. You should carefully consider these factors and other risks and uncertainties that affect the Company's business. Nothing in this news release is intended, or is to be construed, as a profit forecast or to be interpreted to mean that the financial performance of International Game Technology PLC for the current or any future financial years will necessarily match or exceed the historical published financial performance or International Game Technology PLC, as applicable. All forward-looking statements contained in this news release are qualified in their entirety by this cautionary statement. All subsequent written or oral forward-looking statements attributable to International Game Technology PLC, or persons acting on its behalf, are expressly qualified in their entirety by this cautionary statement.
Contact:
Phil O'Shaughnessy, Global Communications, toll free in U.S./Canada +1 (844) IGT-7452; outside U.S./Canada +1 (401) 392-7452
Francesco Luti, +39 06 5189 9184; for Italian media inquiries
James Hurley, Investor Relations, +1 (401) 392-7190
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| 2022-04-19T23:08:42Z
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NorthWest Healthcare Properties REIT acquired the 27-property portfolio totaling 1.2M SF of medical office and hospital buildings
CHICAGO, April 19, 2022 /PRNewswire/ -- JLL's Healthcare Capital Markets group announced today that it has closed the $600 million sale of a 27-property, best-in-class, core-quality healthcare real estate portfolio totaling 1.2 million square feet in Arizona, California, Colorado, Illinois, Indiana, Florida, Massachusetts, Minnesota, Oklahoma and Texas markets.
JLL marketed the portfolio on behalf of the seller, Harrison Street. NorthWest Healthcare Properties acquired the assets.
"Harrison Street is proud to have partnered once again with JLL's Healthcare Capital Markets team to execute the sale of this complex portfolio spanning multiple medical sub-sectors and U.S. states," said Ben Mohns, Senior Managing Director and Head of North American Asset Management at Harrison Street. "The successful sale of these diversified healthcare assets reinforces the strength of Harrison Street's ongoing partnership with JLL, and the portfolio execution ability of our talented team who have worked diligently to execute on behalf of our investors."
The portfolio has a mix of 15 medical office buildings, five micro-hospitals, four behavioral hospitals, two inpatient rehabilitation hospitals, and one heart and surgical hospital. The portfolio includes nine properties in Arizona; five properties in Texas and Illinois; two properties in Florida and one property each in Minnesota, Massachusetts, California, Oklahoma, Colorado and Indiana.
The portfolio is 97% occupied by key healthcare providers, including Advocate Aurora Health, Rush University Medical Center, Memorial Hermann, Ascension, Banner Health, Tenet Health, Lutheran Health Network, Baylor Scott & White Health and Edward-Elmhurst Healthcare.
The JLL Healthcare Capital Markets team representing the seller was led by Senior Managing Directors Mindy Berman, Evan Kovac, Andrew Milne and Brian Bacharach and Managing Directors Tim Joyce and Brannan Knott, with support from Vice Presidents Trent Jemmett and CJ Kodani. Local support was provided by JLL licensed brokers in each location.
"The offering was well received due to its scale and the mix of medical office and acute care facilities," Berman said. "Healthcare assets have seen increased investor interest, as the sector offers long-term leases with quality tenants that provide steady income to landlords."
The JLL Capital Markets group is a full-service global provider of capital solutions for real estate investors and occupiers. The firm's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether investment sales and advisory, debt advisory, equity advisory or a recapitalization. The firm has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.
For more news, videos and research resources on JLL, please visit our newsroom.
Jones Lang LaSalle Americas, Inc. ("JLL") is a real estate broker licensed with the California Department of Real Estate, license #01223413.
About Harrison Street
Harrison Street is one of the leading investment management firms exclusively focused on alternative real assets. Since inception in 2005, the firm has created a series of differentiated investment solutions focused on demographic-driven, needs-based assets. The firm has invested across senior housing, student housing, healthcare delivery, life sciences and storage real estate as well as social and utility infrastructure. Headquartered in Chicago with offices in London, Toronto, San Francisco and Washington D.C., the firm has more than 200-employees and approximately $44 billion in assets under management. Clients of the firm include a global institutional investor base domiciled in North America, Europe, Middle East, Asia and Latin America. Harrison Street was awarded Best Places to Work by Pensions & Investments for seven consecutive years (2014-2020) and was recognized by PERE as the 2021 Alternatives Investor of the Year, North America and 2020 Global Alternatives Investor of the Year. For more information, please visit www.harrisonst.com.
About NorthWest Healthcare Properties ("NorthWest")
NorthWest is a global real estate investor and asset manager focused on properties and partnerships at the intersection of healthcare, knowledge and research. Founded in 2004 and publicly traded since 2010, NorthWest (TSX: NWH.UN) is a real estate investment trust that owns and operates a $10 billion portfolio of 224 high quality healthcare properties across Canada, the United States, Brazil, the UK, Germany, the Netherlands, Australia and New Zealand. With more than 300 professionals globally, operating in 7 countries, NorthWest brings a global view, local execution capabilities and a long-term ownership strategy which allows it to serve as a real estate partner of choice to leading healthcare operators around the world.
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 in 2021, 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 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: Cierra Lacasse, JLL Associate, Public Relations
Phone: +1 602 648 8701
Email: Cierra.Lacasse@am.jll.com
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| 2022-04-19T23:08:49Z
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NEW YORK, April 19, 2022 /PRNewswire/ -- The Jordan Company, L.P. ("TJC"), a middle-market private equity firm with four decades of experience enabling companies and their management teams to accelerate strategic growth initiatives, today announced an investment in Communications & Power Industries ("CPI" or the "Company"), a global manufacturer of electronic components, subsystems, and antenna systems for communications, government, and medical markets. TJC will partner with the Company to accelerate growth and pursue synergistic acquisitions.
"At CPI, we are focused on accelerating innovation, by designing and manufacturing products that empower our customers both to implement and support today's advanced systems and to develop and create the groundbreaking systems of tomorrow," said Bob Fickett, CEO of CPI. "TJC supports our vision for growth, and their operational expertise will be invaluable as we continue to scale our business. We are thrilled to welcome a partner that shares our mission of delivering dependable, best-in-class technology solutions."
For more than 70 years, CPI has developed, manufactured, and globally distributed innovative and reliable technology solutions used in the generation, amplification, transmission, and reception of microwave signals for commercial and government applications. The Company focuses on serving its customers with a broad and deep portfolio of state-of-the-art products and best-in-class services that enable customers to plan for and meet the challenges of the future.
"We are excited to partner with CPI, who is well-known in the industry for their exceptional management team and reputation for high-quality solutions across industrial technology markets," said Erik Fagan, Partner at TJC. "CPI's technology solutions work to power and connect their customers and we look forward to embarking on a new phase of growth with the Company."
Kirkland & Ellis LLP served as legal advisor and RBC Capital Markets and Perella Weinberg Partners acted as financial advisors to TJC.
Latham & Watkins, LLP served as legal advisor and Goldman, Sachs & Co. and Harris Williams acted as financial advisors to CPI.
About The Jordan Company
The Jordan Company, founded in 1982, is a middle-market private equity firm that has raised funds with original capital commitments in excess of $19 billion with a 40-year track record of investing in and contributing to the growth of many businesses across a wide range of industries, including Diversified Industrials; Technology, Telecom & Utility; Logistics & Supply Chain and Consumer & Healthcare. The senior investment team has been investing together for over 20 years, and they are supported by the Operations Management Group, which was established in 1988 to initiate and support operational improvements in portfolio companies. TJC has offices in New York, Chicago and Stamford. For more information, visit: www.thejordancompany.com.
About Communications & Power Industries
Communications & Power Industries (CPI) is a global manufacturer of electronic components and antenna systems focused primarily on communications, government and medical markets. With a heritage of technological excellence that spans decades, CPI is a leader in the high-barrier-to-entry satellite communications market. Learn more about CPI at www.cpii.com.
Contacts
Investors:
Kristin Custar
The Jordan Company
(212) 572-0829
kcustar@thejordancompany.com
Media:
Prosek Partners
pro-TJC@prosek.com
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https://www.whsv.com/prnewswire/2022/04/19/jordan-company-announces-strategic-investment-communications-amp-power-industries/
| 2022-04-19T23:08:55Z
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CARMEL, Ind., April 19, 2022 /PRNewswire/ -- KAR Auction Services, Inc., d/b/a/ KAR Global (NYSE: KAR), a leading operator of digital marketplaces for wholesale used vehicles, will release its first quarter 2022 financial results after the market closes on Tuesday, May 3, 2022.
KAR will also be hosting an earnings conference call and webcast on Wednesday, May 4, 2022, at 8:30 a.m. ET. The call will be hosted by KAR Chief Executive Officer Peter Kelly and Executive Vice President and Chief Financial Officer Eric Loughmiller. The conference call may be accessed by calling 1-844-778-4145 and entering participant passcode 5886902, while the live web cast will be available at the investor relations section of karglobal.com.
The archive of the webcast will also be available following the call and will be available at the investor relations section of karglobal.com for a limited time.
About KAR
KAR Auction Services, Inc. d/b/a KAR Global (NYSE: KAR), provides sellers and buyers across the global wholesale used vehicle industry with innovative, technology-driven remarketing solutions. KAR Global's unique end-to-end platform supports whole car, financing, logistics and other ancillary and related services, including the sale of nearly 2.6 million units valued at over $40 billion through our auctions in 2021. Our integrated physical, online and mobile marketplaces reduce risk, improve transparency and streamline transactions for customers in about 75 countries. Headquartered in Carmel, Indiana, KAR Global has employees across the United States, Canada, Europe, Mexico, Uruguay and the Philippines. For more information and the latest KAR Global news, go to www.karglobal.com and follow us on Twitter @KARspeaks.
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| 2022-04-19T23:09:02Z
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HOUSTON, April 19, 2022 /PRNewswire/ -- KBR, Inc. (NYSE: KBR) announced today that it will host a conference call to discuss its first quarter 2022 financial results on Thursday, April 28, 2022 at 7:30 a.m. Central Time (8:30 a.m. Eastern Time). The company plans to issue its first quarter 2022 earnings release and earnings presentation in advance of the call. Both will be available on KBR's website.
The conference call will be webcast simultaneously through the Investor Relations section of KBR's website at https://investors.kbr.com. A replay of the webcast will be available after the call on our website or by telephone at +1.929.458.6194, passcode: 510376.
We deliver science, technology and engineering solutions to governments and companies around the world. KBR employs approximately 28,000 people performing diverse, complex and mission critical roles in 34 countries.
KBR is proud to work with its customers across the globe to provide technology, value-added services, and long- term operations and maintenance services to ensure consistent delivery with predictable results. At KBR, We Deliver.
Visit www.kbr.com
The statements in this press release that are not historical statements, including statements regarding future financial performance, are forward-looking statements within the meaning of the federal securities laws. These statements are subject to numerous risks and uncertainties, many of which are beyond the company's control that could cause actual results to differ materially from the results expressed or implied by the statements. These risks and uncertainties include, but are not limited to: the significant adverse impacts on economic and market conditions of the COVID-19 pandemic and the company's ability to respond to the resulting challenges and business disruption; the recent dislocation of the global energy market; the company's ability to manage its liquidity; the outcome of and the publicity surrounding audits and investigations by domestic and foreign government agencies and legislative bodies; potential adverse proceedings by such agencies and potential adverse results and consequences from such proceedings; changes in capital spending by the company's customers; the company's ability to obtain contracts from existing and new customers and perform under those contracts; structural changes in the industries in which the company operates; escalating costs associated with and the performance of fixed-fee projects and the company's ability to control its cost under its contracts; claims negotiations and contract disputes with the company's customers; changes in the demand for or price of oil and/or natural gas; protection of intellectual property rights; compliance with environmental laws; changes in government regulations and regulatory requirements; compliance with laws related to income taxes; unsettled political conditions, war and the effects of terrorism; foreign operations and foreign exchange rates and controls; the development and installation of financial systems; the possibility of cyber and malware attacks; increased competition for employees; the ability to successfully complete and integrate acquisitions; and operations of joint ventures, including joint ventures that are not controlled by the company.
The company's most recently filed Annual Report on Form 10-K, any subsequent Form 10-Qs and 8-Ks, and other U.S. Securities and Exchange Commission filings discuss some of the important risk factors that the company has identified that may affect its business, results of operations and financial condition. Except as required by law, the company undertakes no obligation to revise or update publicly any forward-looking statements for any reason.
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| 2022-04-19T23:09:09Z
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TORONTO, April 19, 2022 /PRNewswire/ - Magna Gold Corp. (TSXV: MGR) (OTCQB: MGLQF) ("Magna" or the "Company") announces that, further to its news release dated March 18, 2022, the Company has issued an aggregate of 1,660,132 common shares in the capital of the Company ("Common Shares") at a deemed price of $0.76 per Common Share to PEAL de Mexico S.A. de C.V. ("PEAL") in settlement of outstanding debt in the aggregate amount of US$1,000,000 (the "Debt Settlement"). The Debt Settlement was completed pursuant to an amending agreement dated February 22, 2022 between Molimentales del Noroeste S.A. de C.V. ("Molimentales"), a subsidiary of the Company, and PEAL which amended the terms of a settlement agreement dated June 30, 2020 between Molimentales and PEAL (the "Settlement Agreement") to settle US$1,000,000 of the outstanding amount owing by the Company under the Settlement Agreement in exchange for the issuance of Common Shares, thereby reducing the amount owing from US$4,054,351 to US$3,054,351.
The issuance of the Common Shares to PEAL pursuant to the Debt Settlement constitutes a "related party transaction" for the purposes of Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions ("MI 61-101"). The Company is exempt from the requirements to obtain a formal valuation and minority shareholder approval in connection with the Debt Settlement in reliance on sections 5.5(b) and 5.7(1)(a), respectively, of MI 61-101, as no securities of the Company are listed or quoted on the specified markets and, at the time the transaction was agreed to, neither the fair market value of the subject matter of, nor the fair market value of the consideration for, the transaction exceeded 25% of the Company's market capitalization as calculated in accordance with MI 61-101.
The Common Shares issued pursuant to the Debt Settlement are subject to a four month hold period under Canadian securities laws which will expire on August 20, 2022.
Arturo Bonillas
President and CEO
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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| 2022-04-19T23:09:17Z
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BUFFALO, N.Y., April 19, 2022 /PRNewswire/ -- M&T Bank Corporation ("M&T") (NYSE:MTB) announced today it has declared a quarterly cash dividend of $0.3515625 per share on its Perpetual Fixed-to-Floating Rate Non-Cumulative Preferred Stock, Series H ("Series H Preferred Stock").
The dividend will be payable June 15, 2022 to shareholders of record at the close of business on June 1, 2022.
M&T is a financial holding company headquartered in Buffalo, New York. M&T's principal banking subsidiary, M&T Bank, provides banking products and services in 12 states across the northeastern U.S. from Maine to Virginia and Washington, D.C. Trust-related services are provided in select markets in the U.S. and abroad by M&T's Wilmington Trust-affiliated companies and by M&T Bank.
Investor Contact:
Brian Klock
(716) 842-5138
Media Contact:
Maya Dillon
(646) 735-1958
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| 2022-04-19T23:09:24Z
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- Expects 1Q22 operating income for Ocean Transportation to be $410.0 to $415.0 million
- Expects 1Q22 operating income for Logistics to be $16.0 to $17.0 million
- Expects 1Q22 net income and diluted EPS to be $329.5 to $338.0 million and $8.00 to $8.20, respectively
- Year-over-year increase in consolidated operating income driven primarily by China service strength
- Repurchased approximately 0.7 million shares in 1Q22
- Announces first quarter earnings call date on May 3, 2022
HONOLULU, April 19, 2022 /PRNewswire/ -- Matson, Inc. ("Matson" or the "Company") (NYSE: MATX) today announces preliminary first quarter financial results, provides a business update and announces that its first quarter earnings call will be held on May 3, 2022.
"Matson is off to a solid start in 2022 with higher year-over-year operating income in both Ocean Transportation and Logistics," said Chairman and Chief Executive Officer Matt Cox. "Within Ocean Transportation, our China service continued to see significant demand for its expedited ocean services as volume for e-commerce, garments and other goods remained elevated. The increase in consolidated operating income year-over-year was driven primarily by continued strength in the China service. Currently in the Transpacific tradelane, we are seeing supply chain challenges in China, primarily due to actions to mitigate the spread of COVID-19, as well as continued supply chain constraints and congestion on the U.S. West Coast, elevated consumption trends, and inventory restocking. Despite the near-term uncertainty presented by the supply chain challenges in China, we expect a combination of the current supply and demand factors to remain largely in place through at least the October peak season and continue to expect elevated demand for our China service for most of this year."
Mr. Cox added, "In our domestic ocean tradelanes, we continued to see steady demand with higher year-over-year volumes in Alaska and Guam, and demand in Hawaii comparable to the level achieved in the year ago period. In Logistics, operating income increased year-over-year with strength across all of the business lines as as we continued to see elevated goods consumption, inventory restocking and favorable supply and demand fundamentals in our core markets. As a result, Matson expects first quarter operating income for Ocean Transportation of $410.0 to $415.0 million and Logistics operating income of $16.0 to $17.0 million. We also expect first quarter 2022 net income and diluted EPS to be $329.5 to $338.0 million and $8.00 to $8.20, respectively."
First Quarter Tradelane Volume (Forty-foot equivalent units (FEU)) (1)(2):
For the three months ended March 31, 2022 compared to the three months ended March 31, 2021 and on a FEU basis:
- Hawaii container volume decreased 0.6 percent primarily due to lower eastbound volume;
- Alaska volume increased 20.2 percent primarily due to the increase in volume from Alaska-Asia Express ("AAX"), higher northbound volume primarily due to higher retail-related demand and volume related to a competitor's dry-docking, and higher southbound volume primarily due to higher seafood volume;
- China volume was 13.4 percent higher as a result of 5 more eastbound voyages than the prior year;
- Guam volume was 10.0 percent higher primarily due to higher retail-related demand; and
- Other containers volume increased 32.5 percent primarily due to the addition of China-Auckland Express ("CAX") volume in the South Pacific.
- Approximate volumes included for the period are based on the voyage departure date, but revenue and operating income are adjusted to reflect the percentage of revenue and operating income earned during the reporting period for voyages in transit at the end of each reporting period.
- Other containers includes containers from services in various islands in Micronesia and the South Pacific, and Okinawa, Japan.
Liquidity, Debt and Share Repurchases
Matson's cash and cash equivalents and total debt (presented before any reduction for deferred loan fees as required by GAAP) as of March 31, 2022 were approximately $390.0 million and $614.7 million, respectively.
During the first quarter of 2022, Matson repurchased approximately 0.7 million shares for a total cost of $68.6 million. As of March 31, 2022, the Company had approximately 2.8 million shares remaining in its share repurchase program.
A slide presentation that accompanies this press release is available on the Company's website at www.matson.com, under Investors.
Teleconference and Webcast
A conference call is scheduled on May 3, 2022 at 4:30 p.m. ET when Matt Cox, Chairman and Chief Executive Officer, and Joel Wine, Executive Vice President and Chief Financial Officer, will discuss Matson's first quarter results.
The conference call will be broadcast live along with an additional slide presentation on the Company's website at www.matson.com, under Investors. A replay of the conference call will be available approximately two hours after the call through May 10, 2022 by dialing 1-855-859-2056 or 1-404-537-3406 and using the conference number 3729448. The slides and audio webcast of the conference call will be archived for one full quarter on the Company's website at www.matson.com, under Investors.
About the Company
Founded in 1882, Matson (NYSE: MATX) is a leading provider of ocean transportation and logistics services. Matson provides a vital lifeline to the domestic non-contiguous economies of Hawaii, Alaska, and Guam, and to other island economies in Micronesia. Matson also operates premium, expedited services from China to Long Beach, California, provides service to Okinawa, Japan and various islands in the South Pacific, and operates an international export service from Dutch Harbor to Asia. The Company's fleet of owned and chartered vessels includes containerships, combination container and roll-on/roll-off ships and custom-designed barges. Matson Logistics, established in 1987, extends the geographic reach of Matson's transportation network throughout North America. Its integrated, asset-light logistics services include rail intermodal, highway brokerage, warehousing, freight consolidation, Asia supply chain services, and forwarding to Alaska. Additional information about the Company is available at www.matson.com
Forward-Looking Statements
Statements in this news release that are not historical facts are "forward-looking statements," within the meaning of the Private Securities Litigation Reform Act of 1995, including without limitation those statements regarding performance and financial results, supply chain challenges in China, actions to mitigate the spread of COVID-19, supply chain constraints and congestion on the U.S. West Coast, consumption trends, inventory restocking, duration of current supply and demand factors, demand for Matson's China service, demand for e-commerce, garments and other goods, duration of CCX service, tourism levels, unemployment rates, waves of COVID-19 variants, economic recovery and drivers in Hawaii, Alaska and Guam, inflation, interest rates, and discretionary income. These statements involve a number of risks and uncertainties that could cause actual results to differ materially from those contemplated by the relevant forward-looking statement, including but not limited to risks and uncertainties relating to repeal, substantial amendment or waiver of the Jones Act or its application, or our failure to maintain our status as a United States citizen under the Jones Act; changes in economic conditions or governmental policies, including from the COVID-19 pandemic; our ability to offer a differentiated service in China for which customers are willing to pay a significant premium; new or increased competition or improvements in competitors' service levels; our relationship with customers, agents, vendors and partners and changes in related agreements; fuel prices, our ability to collect fuel related surcharges and/or the cost or limited availability of required fuels; evolving stakeholder expectations related to environmental, social and governance matters; timely or successful completion of fleet upgrade initiatives; the occurrence of poor weather, natural disasters, maritime accidents, spill events and other physical and operating risks, including those arising from climate change; transitional and other risks arising from climate change; the magnitude and timing of the impact of public health crises, including COVID-19; significant operating agreements and leases that may not be replaced on favorable terms; any unanticipated dry-dock or repair expenses; joint venture relationships; conducting business in a foreign shipping market, including the imposition of tariffs or a change in international trade policies; any delays or cost overruns related to the modernization of terminals; war, terrorist attacks or other acts of violence; consummating and integrating acquisitions; freight levels and increasing costs and availability of truck capacity or alternative means of transporting freight; relations with our unions; satisfactory negotiation and renewal of expired collective bargaining agreements without significant disruption to Matson's operations; loss of key personnel or failure to adequately manage human capital; the use of our information technology and communication systems and cybersecurity attacks; changes in our credit profile and our future financial performance; our ability to obtain future debt financings; continuation of the Title XI and CCF programs; costs to comply with and liability related to numerous safety, environmental, and other laws and regulations; and disputes, legal and other proceedings and government inquiries or investigations. These forward-looking statements are not guarantees of future performance. This release should be read in conjunction with our Annual Report on Form 10-K for the year ended December 31, 2021 and our other filings with the SEC through the date of this release, which identify important factors that could affect the forward-looking statements in this release. We do not undertake any obligation to update our forward-looking statements.
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| 2022-04-19T23:09:30Z
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MEDIA EVENT: BLACK LEADERS PROTEST CORPORATE ACTIVISM IN ATLANTA
Published: Apr. 19, 2022 at 5:41 PM EDT|Updated: 1 hour ago
Concerned Communities for America, led by Black clergy, demand "woke corporations" support police, not partisan activists; live stream of event available
ATLANTA, April 19, 2022 /PRNewswire/ -- Officials with Concerned Communities for America (CCA) will deliver a pledge on Wednesday, April 20, for signing by corporate CEOs in Atlanta to signal support of the women and men who serve their communities as police officers. This pledge is in response to several companies' previous financial support of partisan activist organizations and their affiliates.
The next day, April 21, the same pledge will be hand delivered to similar companies in New York City.
Following delivery of the pledge, CCA officials, including African American pastors, will deliver remarks and take media questions in Room M103 of the Atlanta Marriott Marquis Hotel, 265 Peachtree Center Ave NE, Atlanta, GA 30303.
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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.
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| 2022-04-19T23:09:37Z
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New UC Riverside study shows that app-based delivery generated $19 billion in revenue that kept tens of thousands of restaurants, grocers and merchants open during COVID-19 pandemic
SACRAMENTO, Calif., April 19, 2022 /PRNewswire/ -- A new study conducted by UC Riverside found that app-based services were an economic lifeline for restaurants, grocers and merchants during the height of the pandemic. From the third quarter of 2019 to the third quarter of 2021, the number of grocers and restaurants using these platforms nearly doubled to 151,311 across California, and merchant revenues on the platforms tripled. From the third quarter of 2019 to the third quarter of 2021, restaurants and merchants earned $19 billion. To conduct the analysis, UC Riverside researchers from the Center for Economic Forecasting and Development used anonymized data provided by DoorDash, Instacart and Uber Eats.
In early 2020, millions of Californians were forced to stay home due to the pandemic, creating unexpected hardship for restaurants, grocers and small businesses that were suddenly without customers. Merchants, grocers and restaurants across the state turned to app-based platforms to keep their businesses alive and continue providing their goods and products to Californians. As a result, the average revenue for merchants on app-based platforms nearly doubled to $21,000 during the pandemic.
"As a small business owner, you learn to adapt to things on the fly, which is what I've done for 10 years," said Rahim Ali, owner of Green Olive restaurant in Los Angeles. "But when the COVID-19 pandemic hit, I didn't know how we would survive. I worried about how we could pay our staff, how we could keep our order minimums with vendors who relied on us and frankly, how we could keep our doors open. Luckily, app-based delivery services were a lifeline that literally saved our business."
The study found:
- Over a two-year period, from the third quarter of 2019 to the third quarter of 2021, the number of restaurants, grocers and merchants who utilized the platforms nearly doubled, from 77,707 to 151,311, while merchant revenues on the platforms tripled.
- From the third quarter of 2019 to the third quarter of 2021, restaurants, retailers and other merchants earned around $19 billion through app-based delivery platforms in California.
- The biggest growth in the number of merchants who used the platforms over the two-year period came in relatively smaller regions within the state (such as El Centro, Hanford, Redding and Madera). Likewise, revenue growth was strongest in regions including Hanford, Merced, Visalia, Redding and Madera.
The report also details merchant revenue and growth across each of California's metropolitan statistical areas from the third quarter of 2019 to the third quarter of 2021.
"The Latino Restaurant Association is dedicated to supporting and promoting restaurateurs, small businesses and the entire Latino restaurant community," said Lilly Rocha, CEO of the Latino Restaurant Association. "We are proud to work with our community of innovative entrepreneurs during the COVID-19 pandemic to think creatively about how to keep their doors open. App-based delivery services have played a crucial role in ensuring that Latino restaurateurs are able to continue offering their services to communities across the state."
In November 2020, California voters protected the availability of app-based delivery and rideshare services by passing Proposition 22. Without Prop 22, these services were at risk of closure or severely being restricted due to legislation and lawsuits being pushed by politicians and special interests.
About Protect App-Based Drivers & Services (PADS) Coalition
The Protect App-Based Drivers & Services (PADS) coalition, formerly the Yes on Prop 22 coalition, is continuing to engage to ensure the will of California voters is upheld; to protect access to independent, app-based jobs; and to preserve the availability, affordability and reliability of on-demand app-based rideshare and delivery services that are essential to Californians and our economy.
Proposition 22 was supported by 59% of California voters, 120,000 drivers, and a diverse coalition of more than 140 groups including social justice, senior, community, business, veterans and many others.
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| 2022-04-19T23:09:45Z
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WASHINGTON, April 19, 2022 /PRNewswire/ -- WHO: H. E. ANATOLE COLLINET MAKOSSO, Prime Minister, The Republic of the Congo
WHAT: Press Conference. The National Press Club.
WHERE: The Holman Lounge, National Press Club, 13th floor, 529 14th St NW, Washington, DC 20045
WHEN: Wednesday, April 20, 2022 – 9:30am-11:00am.
WHY: Official visit to the United States for meetings with the Administration and the International Monetary Fund (IMF).
PURPOSE OF VISIT:
In the wake of successful meetings in London and Paris, including meetings in The Republic of the Congo's capital Brazzaville, where His Excellency Prime Minister Anatole Collinet Makosso hosted Rwandan head-of-state Paul Kagame. The Prime Minister, who heads the Republic of the Congo's government, arrived in Washington, DC this week, and will be available to the news media in the United States to answer questions and share information at a press conference at the National Press Club focusing on The Republic of Congo's new National Development Plan! Prime Minister Collinet Makosso will share important information regarding the purpose of the new National Development Plan (PND from 2022 to 2026) – an initiative designed to move the Republic of the Congo from an "oil rent economy" - to a strong, diversified and robust national economy.
PND has an economic agenda that focuses on agriculture, digital technology, tourism, real estate, industry and the creation of Special Economic Zones. The choice of these six economic development sectors will help diversify the Congolese economy.
In order to finance the five-year program, the Executive Committee relies on the support of development partners, the private sector -and foreign investors. Investments from the worldwide digital sector are highly and enthusiastically anticipated.
H. E Prime Minister Collinet Makosso has served as prime minister of the Republic of the Congo since 2021. Prior to his appointment as head-of-government, PM Collinet Makosso was an Adviser to President Denis Sassou Nguesso, while simultaneously serving as Director of First Lady, Antoinette Sassou Nguesso's Cabinet.
The Republic of the Congo is one of Africa's major oil producers, with significant potential for offshore petroleum development.
Please Note: The National Press Club observes and strictly adheres to Covid-19 protocols. These include proof of vaccination and personal ID to attend this event.
There will be breakfast amenities and multi-box outlets for electronic media.
News Media Contact: Coumba DIOUKHANE | +33 611 427 078 | coumba.dioukhane@globalview-fr.com
Carol PINEAU | 202 321 0570 | capineau@gmail.com
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| 2022-04-19T23:09:52Z
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TULSA, Okla., April 19, 2022 /PRNewswire/ -- ONE Gas, Inc. (NYSE: OGS) today announced it will participate in the American Gas Association Financial Forum on Tuesday and Wednesday, May 17-18, 2022, in Miami Beach, Florida.
Robert S. McAnnally, president and chief executive officer, Caron Lawhorn, senior vice president and chief financial officer, and Curtis Dinan, senior vice president and chief operating officer, will be conducting a series of meetings with members of the investment community.
The materials utilized during the conference will be accessible on the ONE Gas website, www.onegas.com/investors/events-and-presentations on Monday, May 16, 2022, after the market closes.
ONE Gas, Inc. (NYSE: OGS) is a 100-percent regulated natural gas utility, and trades on the New York Stock Exchange under the symbol "OGS." ONE Gas is included in the S&P MidCap 400 Index and is one of the largest natural gas utilities in the United States.
Headquartered in Tulsa, Oklahoma, ONE Gas provides a reliable and affordable energy choice to more than 2.2 million customers in Kansas, Oklahoma and Texas. Its divisions include Kansas Gas Service, the largest natural gas distributor in Kansas; Oklahoma Natural Gas, the largest in Oklahoma; and Texas Gas Service, the third largest in Texas, in terms of customers.
For more information and the latest news about ONE Gas, visit onegas.com and follow its social channels: @ONEGas, Facebook, LinkedIn and YouTube.
Analyst Contact: Brandon Lohse
918-947-7472
Media Contact: Leah Harper
918-947-7123
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| 2022-04-19T23:09:58Z
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HOUSTON, April 19, 2022 /PRNewswire/ -- Powell Industries, Inc. (NASDAQ: POWL), a leading supplier of custom engineered solutions for the management, control and distribution of electrical energy, today announced that it will release results for the fiscal second quarter ended March 31, 2022 on Tuesday, May 3, 2022 after the market closes. In conjunction with the release, Powell Industries has scheduled a conference call, which will be broadcast live within the Investor Relations section of the Company's website, on Wednesday, May 4, 2022 at 11:00 a.m. eastern time.
A telephonic replay of the conference call will be available through May 11, 2022 and may be accessed by calling 1-877-344-7529 (domestic) or 1-412-317-0088 (international) and using passcode 8444747#. A webcast archive will also be available at powellind.com shortly after the call and will be accessible for approximately 90 days. For more information, please contact Robert Winters or Ryan Coleman at Alpha IR Group at 312-445-2870 or email POWL@alpha-ir.com.
Powell Industries, Inc., headquartered in Houston, designs, manufactures and services custom-engineered equipment and systems for the distribution, control and monitoring of electrical energy. Powell markets include large industrial customers such as utilities, oil and gas producers, refineries, petrochemical plants, pulp and paper producers, mining operations and commuter railways. For more information, please visit powellind.com.
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| 2022-04-19T23:10:08Z
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NEWARK, Calif., April 19, 2022 /PRNewswire/ -- Protagonist Therapeutics, Inc. (Nasdaq: PTGX) today reported that on April 18, 2022, it issued inducement awards to three recently hired employees in accordance with the terms of their employment offer letters. The awards were granted under the Protagonist Therapeutics Amended and Restated Inducement Plan, which was adopted May 29, 2018, and amended February 18, 2020 and February 15, 2022.
Asif Ali, Executive Vice President and Chief Financial Officer, received options to purchase 82,500 shares and restricted stock units (RSUs) to acquire 13,750 shares, respectively, of Protagonist Therapeutics common stock. Two additional new employees received, in the aggregate, options to purchase 75,000 shares of Protagonist Therapeutics common stock.
The exercise price of the options is $19.19, which was the per-share closing price of Protagonist Therapeutics common stock on the Nasdaq Global Market on April 18, 2022. The shares subject to the option vest over a four-year period, with 25 percent of the shares subject to the option vesting on the first anniversary of the employees' date of hire and the remainder vesting in equal monthly installments over three years thereafter. One-fourth of the shares underlying the RSUs will vest annually over a four-year period. The awards were approved by the compensation committee of the Company's board of directors and were granted as a material inducement to entering into employment with the Company in accordance with Nasdaq Marketplace Rule 5635(c)(4).
About Protagonist Therapeutics
Protagonist Therapeutics is a biopharmaceutical company with multiple peptide-based new chemical entities in different stages of clinical development, all derived from the Company's proprietary technology platform.
Protagonist's pipeline includes rusfertide, an investigational, injectable hepcidin mimetic currently in the REVIVE Phase 2 proof-of-concept clinical trial for polycythemia vera (PV), the PACIFIC Phase 2 study in PV subjects with high hematocrit levels, and a recently completed Phase 2a study for hereditary hemochromatosis. The Company has opened sites and initiated patient screening for VERIFY, a single, global Phase 3 randomized, placebo-controlled trial evaluating the efficacy and safety of a once weekly, subcutaneously self-administered dose of rusfertide.
The Company is also evaluating an orally delivered, gut-restricted alpha-4-beta-7 integrin specific antagonist peptide (PN-943), currently in the IDEAL Phase 2 study in adults with moderate to severe active ulcerative colitis. The Company is targeting ulcerative colitis as the initial indication. Data readout from the Phase 2 study is expected in the second quarter of 2022.
Protagonist has granted Janssen an exclusive worldwide license to research, develop and commercialize oral IL-23 receptor antagonists based on the Company's intellectual property. Current development efforts are centered on PN-235, discovered by Protagonist and further developed in collaboration with Janssen. FRONTIER 1, a Phase 2b multicenter, randomized, placebo controlled, dose-ranging study to evaluate the safety and efficacy of PN-235 for the treatment of moderate-to-severe plaque psoriasis, commenced in early 2022.
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| 2022-04-19T23:10:15Z
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LOS ANGELES, April 19, 2022 /PRNewswire/ -- Rexford Industrial Realty, Inc. (the "Company" or "Rexford Industrial") (NYSE: REXR), a real estate investment trust ("REIT") focused on creating value by investing in and operating industrial properties within Southern California infill markets, today announced financial and operating results for the first quarter of 2022.
First Quarter 2022 Financial and Operational Highlights:
- Net income attributable to common stockholders of $43.9 million, or $0.27 per diluted share, as compared to $24.9 million, or $0.19 per diluted share, for the prior year quarter.
- Company share of Core FFO of $76.6 million, an increase of 58.4% as compared to the prior year quarter.
- Company share of Core FFO per diluted share of $0.48, an increase of 29.7% as compared to the prior year quarter.
- Consolidated Portfolio Net Operating Income (NOI) of $107.2 million, an increase of 40.9% as compared to the prior year quarter.
- Same Property Portfolio NOI increased 8.0% and Same Property Portfolio Cash NOI increased 11.7% as compared to the prior year quarter.
- 99.2% Average Same Property Portfolio occupancy.
- Comparable rental rates on 0.9 million rentable square feet of new and renewal leases increased by 71.1% compared to prior rents on a GAAP basis and by 56.9% on a cash basis.
- Acquired 17 properties for an aggregate purchase price of $457.7 million and sold one property for a sales price of $16.5 million.
- Issued a total of 4.4 million shares of common stock for total net proceeds of $305.9 million.
- Ended the quarter with a low-leverage balance sheet measured by a net debt-to-enterprise value ratio of 10.3%.
"Our exceptional first quarter performance demonstrates the unique nature of the Rexford business model and the strength and resiliency of our infill Southern California industrial market, the world's fourth largest and our nation's highest-demand, lowest supply industrial market. We achieved Core FFO growth of 58%, equal to 30% on a per share basis, compared to the prior year quarter, driven by consolidated NOI growth of over 40% compared to the prior year quarter. Our team executed 0.9 million square feet of leasing activity at record releasing spreads of 71% and 57%, on a GAAP and cash basis, respectively, and we ended the quarter with Same Property occupancy at 99.3%," stated Michael Frankel and Howard Schwimmer, Co-Chief Executive Officers of the Company. "We continue to capitalize upon the scale of our platform and deepen our presence within the infill Southern California industrial market, completing $458 million of investments in the first quarter. Looking ahead, we have over $500 million of additional investments under contract or accepted offer and a range of accretive internal growth initiatives, and, when combined with our low-leverage balance sheet, we are well positioned to drive cash flow growth and significant value creation for our stakeholders."
Financial Results:
The Company reported net income attributable to common stockholders for the first quarter of $43.9 million, or $0.27 per diluted share, compared to $24.9 million, or $0.19 per diluted share, for the prior year quarter. Net income in the first quarter includes $8.5 million of gains on sale of real estate, as compared to a $10.9 million of gains on sale of real estate for the prior year quarter.
The Company reported Core FFO for the first quarter of $76.6 million, representing a 58.4% increase compared to $48.4 million for the prior year quarter. The Company reported Core FFO of $0.48 per diluted share, representing an increase of 29.7% compared to $0.37 per diluted share for the prior year quarter.
In the first quarter, the Company's consolidated portfolio NOI on a GAAP and Cash basis increased 40.9% and 37.6%, respectively, compared to the prior year quarter.
In the first quarter, the Company's Same Property Portfolio NOI increased 8.0% compared to the prior year quarter, driven by a 9.0% increase in Same Property Portfolio rental income and a 12.2% increase in Same Property Portfolio expenses. Same Property Portfolio Cash NOI increased 11.7% compared to the prior year quarter. When adjusted for the impact of short-term rent deferral agreements executed in response to the COVID-19 pandemic, Same Property Portfolio Cash NOI increased by 12.3% compared to the prior year quarter.
Operating Results:
First quarter 2022 leasing activity demonstrates strong tenant demand fundamentals within Rexford Industrial's target Southern California infill markets:
At March 31, 2022, the Company's Same Property Portfolio occupancy was 99.3%. Average Same Property Portfolio occupancy for the first quarter 2022 was 99.2%. At March 31, 2022, the Company's consolidated portfolio, excluding value-add repositioning assets, was 98.7% occupied and 99.2% leased, and the Company's consolidated portfolio, including value-add repositioning assets, was 96.3% occupied and 96.8% leased.
Transaction Activity:
During the first quarter of 2022, the Company completed 14 acquisitions representing 17 properties with 1.5 million square feet of buildings on 82 acres of land, including 13 acres of land for near term redevelopment, for an aggregate purchase price of $457.7 million. These investments are projected to generate a weighted average unlevered initial yield of 3.2% and an estimated stabilized yield on total investment of 4.7%. Additionally, the Company sold one property for a sales price of $16.5 million which generated a 9.1% unlevered IRR on investment.
During the first quarter of 2022, the Company stabilized one redevelopment project with 111,260 square feet and $17.4 million of total investment at a 6.6% unlevered stabilized yield.
Balance Sheet:
The Company ended the first quarter with $856.0 million in liquidity, including $48.8 million in cash on hand, $575 million available under its unsecured revolving credit facility and an estimated $232.2 million of forward equity proceeds available for settlement to occur by the second quarter of 2023. As of March 31, 2022, the Company had $1.5 billion of outstanding debt, with an average interest rate of 2.7% and an average term-to-maturity of 7.0 years. The Company has no debt maturities until 2023.
On January 13, 2022, the Company renewed its at-the-market program ("ATM program") to include $750 million of capacity with the option to offer shares on a forward basis.
During the first quarter, the Company executed on its ATM program, selling 5,752,268 shares of common stock subject to forward sale agreements at an average price of $71.32 per share for a gross value of $410.3 million. In March 2022, the Company partially settled these forward equity sale agreements and outstanding forward equity sale agreement from 2021 by issuing 4,402,110 shares of common stock for net proceeds of $305.9 million.
As of March 31, 2022, the ATM program had approximately $340 million of remaining capacity.
Dividends:
On April 18, 2022, the Company's Board of Directors declared a dividend in the amount of $0.315 per share for the second quarter of 2022, payable in cash on July 15, 2022, to common stockholders and common unit holders of record as of June 30, 2022.
On April 18, 2022, the Company's Board of Directors declared a quarterly dividend of $0.367188 per share of its Series B Cumulative Redeemable Preferred Stock and a quarterly dividend of $0.351563 per share of its Series C Cumulative Redeemable Preferred Stock, in each case, payable in cash on June 30, 2022, to preferred stockholders of record as of June 15, 2022.
Guidance
The Company is revising its full year 2022 guidance as indicated below. The Core FFO guidance refers only to the Company's in-place portfolio as of April 19, 2022, and does not include any assumptions for other acquisitions, dispositions or related balance sheet activities that have not closed. Please refer to the Company's supplemental information package for a complete list of guidance and 2022 Guidance Rollforward.
A number of factors could impact the Company's ability to deliver results in line with its guidance, including, but not limited to, the impact of the ongoing COVID-19 pandemic, interest rates, the economy, the supply and demand of industrial real estate, the availability and terms of financing to the Company or to potential acquirers of real estate and the timing and yields for divestment and investment. There can be no assurance that the Company can achieve such results.
Supplemental Information and Investor Presentation:
The Company's supplemental financial reporting package as well as an updated investor presentation are available on the Company's investor relations website at www.ir.rexfordindustrial.com.
Earnings Release, Investor Conference Webcast and Conference Call:
A conference call with senior management will be held on Wednesday, April 20, 2022, at 1:00 p.m. Eastern Time.
To participate in the live telephone conference call, please dial 1-877-407-0789 (for domestic callers) or 1-201-689-8562 (for international callers) at least five minutes prior to start time. A webcast of the conference call will also be available in a listen-only mode at ir.rexfordindustrial.com.
Conference call playback will be available through May 20, 2022, and can be accessed by dialing 1-844-512-2921 (for domestic callers) or 1-412-317-6671 (for international callers), using the pass code 13725995.
About Rexford Industrial:
Rexford Industrial creates value by investing in, operating and redeveloping industrial properties throughout infill Southern California, the world's fourth largest industrial market and consistently the highest-demand, lowest supply market in the nation. The Company's highly differentiated strategy enables internal and external growth opportunities through its proprietary value creation and asset management capabilities. Rexford Industrial's high-quality, irreplaceable portfolio comprises 312 properties with approximately 38.1 million rentable square feet occupied by a stable and diverse tenant base. Structured as a real estate investment trust (REIT) listed on the New York Stock Exchange under the ticker "REXR," Rexford Industrial is an S&P MidCap 400 Index member. For more information, please visit www.rexfordindustrial.com
Forward Looking Statements:
This press release may contain forward-looking statements within the meaning of the federal securities laws, which are based on current expectations, forecasts and assumptions that involve risks and uncertainties that could cause actual outcomes and results to differ materially. Forward-looking statements relate to expectations, beliefs, projections, future plans and strategies, anticipated events or trends and similar expressions concerning matters that are not historical facts. In some cases, you can identify forward-looking statements by the use of forward-looking terminology such as "may," "will," "should," "expects," "intends," "plans," "anticipates," "believes," "estimates," "predicts," or "potential" or the negative of these words and phrases or similar words or phrases which are predictions of or indicate future events or trends and which do not relate solely to historical matters. While forward-looking statements reflect the Company's good faith beliefs, assumptions and expectations, they are not guarantees of future performance. For a further discussion of these and other factors that could cause the Company's future results to differ materially from any forward-looking statements, see the reports and other filings by the Company with the U.S. Securities and Exchange Commission, including the Company's Annual Report on Form 10-K for the year ended December 31, 2021, and other filings with the Securities and Exchange Commission. The Company disclaims any obligation to publicly update or revise any forward-looking statement to reflect changes in underlying assumptions or factors, of new information, data or methods, future events or other changes.
Definitions / Discussion of Non-GAAP Financial Measures:
Funds from Operations (FFO): We calculate FFO in accordance with the standards established by the National Association of Real Estate Investment Trusts ("NAREIT"). FFO represents net income (loss) (computed in accordance with GAAP), excluding gains (or losses) from sales of depreciable operating property, gains (or losses) from sales of assets incidental to our business, impairment losses of depreciable operating property or assets incidental to our business, real estate related depreciation and amortization (excluding amortization of deferred financing costs and amortization of above/below-market lease intangibles) and after adjustments for unconsolidated joint ventures. Management uses FFO as a supplemental performance measure because, in excluding real estate related depreciation and amortization, gains and losses from property dispositions, other than temporary impairments of unconsolidated real estate entities, and impairment on our investment in real estate, it provides a performance measure that, when compared year over year, captures trends in occupancy rates, rental rates and operating costs. We also believe that, as a widely recognized measure of performance used by other REITs, FFO may be used by investors as a basis to compare our operating performance with that of other REITs. However, because FFO excludes depreciation and amortization and captures neither the changes in the value of our properties that result from use or market conditions nor the level of capital expenditures and leasing commissions necessary to maintain the operating performance of our properties, all of which have real economic effects and could materially impact our results from operations, the utility of FFO as a measure of our performance is limited. Other equity REITs may not calculate or interpret FFO in accordance with the NAREIT definition as we do, and, accordingly, our FFO may not be comparable to such other REITs' FFO. FFO should not be used as a measure of our liquidity and is not indicative of funds available for our cash needs, including our ability to pay dividends. FFO should be considered only as a supplement to net income computed in accordance with GAAP as a measure of our performance. A reconciliation of net income, the nearest GAAP equivalent, to FFO is set forth below. "Company Share of FFO" reflects FFO attributable to common stockholders, which excludes amounts allocable to noncontrolling interests, participating securities and preferred stockholders.
Core Funds from Operations (Core FFO): We calculate Core FFO by adjusting FFO to exclude the impact of certain items that we do not consider reflective of our core revenue or expense streams. These adjustments consist of (i) acquisition expenses, (ii) loss on extinguishment of debt, (iii) the amortization of the loss on termination of interest rate swaps and (iv) other amounts as they may occur. Management believes that Core FFO is a useful supplemental measure as it provides a more meaningful and consistent comparison of operating performance and allows investors to more easily compare the Company's operating results. Because certain of these adjustments have a real economic impact on our financial condition and results from operations, the utility of Core FFO as a measure of our performance is limited. Other REITs may not calculate Core FFO in a consistent manner. Accordingly, our Core FFO may not be comparable to other REITs' Core FFO. Core FFO should be considered only as a supplement to net income computed in accordance with GAAP as a measure of our performance. A reconciliation of FFO to Core FFO is set forth below. "Company Share of Core FFO" reflects Core FFO attributable to common stockholders, which excludes amounts allocable to noncontrolling interests, participating securities and preferred stockholders.
Reconciliation of Net Income Attributable to Common Stockholders per Diluted Share Guidance to Company share of Core FFO per Diluted Share Guidance:
The following is a reconciliation of the Company's 2022 guidance range of net income attributable to common stockholders per diluted share, the most directly comparable forward-looking GAAP financial measure, to Company share of Core FFO per diluted share.
Net Operating Income (NOI): NOI is a non-GAAP measure, which includes the revenue and expense directly attributable to our real estate properties. NOI is calculated as rental income from real estate operations less property expenses (before interest expense, depreciation and amortization). We use NOI as a supplemental performance measure because, in excluding real estate depreciation and amortization expense and gains (or losses) from property dispositions, it provides a performance measure that, when compared year over year, captures trends in occupancy rates, rental rates and operating costs. We also believe that NOI will be useful to investors as a basis to compare our operating performance with that of other REITs. However, because NOI excludes depreciation and amortization expense and captures neither the changes in the value of our properties that result from use or market conditions, nor the level of capital expenditures and leasing commissions necessary to maintain the operating performance of our properties (all of which have a real economic effect and could materially impact our results from operations), the utility of NOI as a measure of our performance is limited. Other equity REITs may not calculate NOI in a similar manner and, accordingly, our NOI may not be comparable to such other REITs' NOI. Accordingly, NOI should be considered only as a supplement to net income as a measure of our performance. NOI should not be used as a measure of our liquidity, nor is it indicative of funds available to fund our cash needs.
NOI should not be used as a substitute for cash flow from operating activities in accordance with GAAP. We use NOI to help evaluate the performance of the Company as a whole, as well as the performance of our Same Property Portfolio. A calculation of NOI for our Same Property Portfolio, as well as a reconciliation of net income to NOI for our Same Property Portfolio, is set forth below.
Cash NOI: Cash NOI is a non-GAAP measure, which we calculate by adding or subtracting from NOI: (i) fair value lease revenue and (ii) straight-line rent adjustments. We use Cash NOI, together with NOI, as a supplemental performance measure. Cash NOI should not be used as a measure of our liquidity, nor is it indicative of funds available to fund our cash needs. Cash NOI should not be used as a substitute for cash flow from operating activities computed in accordance with GAAP. We use Cash NOI to help evaluate the performance of the Company as a whole, as well as the performance of our Same Property Portfolio. A calculation of Cash NOI for our Same Property Portfolio, as well as a reconciliation of net income to Cash NOI for our Same Property Portfolio, is set forth below.
Same Property Portfolio:
Our 2022 Same Property Portfolio is a subset of our consolidated portfolio and includes properties that were wholly owned by us for the period from January 1, 2021 through March 31, 2022, and excludes properties that were acquired or sold during the period from January 1, 2021 through March 31, 2022, and properties acquired prior to January 1, 2021, that were classified as current or future repositioning, redevelopment or lease-up during 2021 or 2022 (unless otherwise noted), which we believe significantly affected the properties' results during the comparative periods. As of March 31, 2022, our 2022 Same Property Portfolio consists of 224 properties aggregating 28,570,287 rentable square feet.
Properties and Space Under Repositioning: Typically defined as properties or units where a significant amount of space is held vacant in order to implement capital improvements that improve the functionality (not including basic refurbishments, i.e., paint and carpet), cash flow and value of that space. A repositioning is generally considered complete once the investment is fully or nearly fully deployed and the property is available for occupancy. We consider a repositioning property to be stabilized at the earlier of the following: (i) upon reaching 90% occupancy or (ii) one year from the date of completion of repositioning construction work.
Net Debt to Enterprise Value: At March 31, 2022, we had consolidated indebtedness of $1.5 billion, reflecting a net debt to enterprise value of approximately 10.3%. Our enterprise value is defined as the sum of the liquidation preference of our outstanding preferred stock and preferred units plus the market value of our common stock excluding shares of nonvested restricted stock, plus the aggregate value of common units not owned by us, plus the value of our net debt. Our net debt is defined as our consolidated indebtedness less cash and cash equivalents.
Contact:
Investor Relations:
Stephen Swett
424-256-2153 ext 401
investorrelations@rexfordindustrial.com
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| 2022-04-19T23:10:21Z
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CHICAGO, April 19, 2022 /PRNewswire/ -- Richard Saperstein, managing director, principal and chief investment officer of Treasury Partners at Hightower, has ranked #7 on Barron's 2022 list of the "Top 100 Financial Advisors," an annual ranking that shines a spotlight on some of the nation's most talented wealth managers.
"Richard Saperstein is a pillar of our community, and we couldn't be more proud of his dedication, skill and leadership in not only serving his clients and their families, but also attracting new talent to the advisory profession," said Bob Oros, chairman and CEO of Hightower. "Congratulations, Rich, for marking another year on this esteemed Barron's list."
The Barron's list is compiled through a ranking formula that analyzes each applicant's volume of assets, revenues generated for the firm, and the quality of their practice. Investment performance isn't an explicit factor because clients have varied goals and risk tolerances. The scoring system assigns a top score of 100 and rates the rest by comparing them with the top-ranked advisor.
In 2022, Hightower advisors, including Richard Saperstein, appeared on Barron's Top 1200 Top Advisor Rankings by State and Forbes' Best-In-State Wealth Advisors lists. Hightower advisors also appeared on Forbes' 2022 America's Best Women Wealth Advisors Best-in-State list.
View the full Barron's list here: https://www.barrons.com/advisor/report/top-financial-advisors/100
About Hightower
Hightower is a wealth management firm that provides investment, financial and retirement planning services to individuals, foundations and family offices, as well as 401(k) consulting and cash management services to corporations. Hightower's capital solutions, operational support services, size and scale empower its vibrant community of independent-minded wealth advisors to grow their businesses and help their clients achieve their vision of "well-th. rebalanced." Based in Chicago with advisors across the U.S., the firm operates as a registered investment advisor (RIA). Learn more about Hightower's collaborative business model at www.hightoweradvisors.com.
Securities offered through Hightower Securities, LLC member FINRA/SIPC. Hightower Advisors, LLC is a SEC registered investment advisor.
Media Contact:
Patty Buchanan
JConnelly
(973) 567-9415
pbuchanan@jconnelly.com
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| 2022-04-19T23:10:28Z
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MENLO PARK, Calif., April 19, 2022 /PRNewswire/ -- Robert Half International Inc. (NYSE: RHI) today announced it expects to release first-quarter 2022 earnings results on Tuesday, April 26, at approximately 4:05 p.m. EDT. Robert Half management will conduct a conference call at 5 p.m. EDT on April 26, following the release. The dial-in number is 877-814-0475 (+1-706-643-9224 outside the United States). It is recommended that participants dial in 15 minutes before the call begins. The password to access the call is "Robert Half." A taped recording of this call will be available for replay beginning at approximately 8 p.m. EDT on April 26 and ending at 11:59 p.m. EDT on May 24. The dial-in number for the replay is 855-859-2056 (+1-404-537-3406 outside the United States). To access the replay, enter conference ID# 9245126. The conference call also will be archived in audio format on the company's website at www.roberthalf.com.
Founded in 1948, Robert Half is the world's first and largest specialized talent solutions and business consulting firm that connects opportunities at great companies with highly skilled job seekers. The company offers contract and permanent placement solutions for finance and accounting, technology, marketing and creative, legal, administrative and customer support roles.
Named to FORTUNE's World's Most Admired Companies®, the Bloomberg Gender-Equality Index and Forbes' list of America's Best Employers for Diversity, Robert Half is the parent company of Protiviti, a global consulting firm that provides internal audit, risk, business and technology consulting solutions.
Robert Half has talent solutions and consulting operations in more than 400 locations worldwide.
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| 2022-04-19T23:10:35Z
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NEW YORK , April 19, 2022 /PRNewswire/ -- Weiss Law is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Checkmate Pharmaceuticals, Inc. ("Checkmate" or the "Company") (NASDAQ: CMPI), in connection with the proposed acquisition of the Company by Regeneron Pharmaceuticals, Inc. (NASDAQ: REGN), via a tender offer. Under the terms of the merger agreement, the Company's shareholders will receive $10.50 in cash for each share of Checkmate common stock owned. The transaction is valued at $250 million.
If you own Checkmate 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/cmpi
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) Checkmate's board of directors acted in the best interests of Company shareholders in agreeing to the proposed transaction, (ii) the $10.50 per-share merger consideration adequately compensates Checkmate's shareholders, 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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| 2022-04-19T23:10:41Z
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NEW YORK, April 19, 2022 /PRNewswire/ --
If you own shares in any of the companies listed above and
would like to discuss our investigations or have any questions concerning
this notice or your rights or interests, please contact:
Joshua Rubin, Esq.
Weiss Law
305 Broadway, 7th Floor
New York, NY 10007
(212) 682-3025
(888) 593-4771
stockinfo@weisslawllp.com
Datto Holding Corp. (NYSE: MSP)
Weiss Law is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Datto Holding Corp. (NYSE: MSP) in connection with the proposed acquisition of MSP by Kaseya. Under the terms of the merger agreement, MSP shareholders will receive $35.50 in cash for each share of MSP common stock owned. If you own MSP shares and wish to discuss this investigation or your rights, please call us at one of the numbers listed above or visit our website: https://www.weisslaw.co/news-and-cases/msp
SailPoint Technologies Holdings, Inc. (NYSE: SAIL)
Weiss Law is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of SailPoint Technologies Holdings, Inc. (NYSE: SAIL), in connection with the proposed acquisition of SAIL by Thoma Bravo. Under the terms of the merger agreement, SAIL shareholders will receive $65.25 in cash for each share of SAIL common stock owned. If you own SAIL shares and wish to discuss this investigation or your rights, please call us at one of the numbers listed above or visit our website: https://www.weisslaw.co/news-and-cases/sail
Spirit Airlines, Inc. (NYSE: SAVE)
WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Spirit Airlines, Inc. (NYSE: SAVE), in connection with the proposed merger of SAVE with Frontier Group Holdings, Inc. ("Frontier"). Under the terms of the merger agreement, SAVE's shareholders will receive 1.9126 shares of Frontier plus $2.13 in cash for each share of SAVE common stock owned, representing implied per-share merger consideration of approximately $23.67 based upon Frontier's April 18, 2022 closing price of $11.26. If you own SAVE shares and wish to discuss this investigation or your rights, please call us at one of the numbers listed above or visit our website: https://www.weisslaw.co/news-and-cases/save
Exterran Corporation (NYSE: EXTN)
Weiss Law is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Exterran Corporation (NYSE: EXTN) in connection with the proposed merger of EXTN with Enerflex Ltd. ("Enerflex"). Under the terms of the merger agreement, EXTN shareholders will receive 1.021 shares of Enerflex common stock for each share of EXTN common stock owned. If you own EXTN shares and wish to discuss this investigation or your rights, please call us at one of the numbers listed above or visit our website: https://www.weisslaw.co/news-and-cases/extn
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| 2022-04-19T23:10:47Z
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MYRTLE BEACH, S.C., April 19, 2022 /PRNewswire/ -- South Atlantic Bancshares, Inc. ("South Atlantic" or the "Company") (OTCQX: SABK), parent of South Atlantic Bank (the "Bank"), reported consolidated net income of $2.0 million, or $0.26 per diluted common share, for the three months ended March 31, 2022, a decrease of $1.5 million, or $0.20 per diluted common share, compared to the three months ended March 31, 2021.
"We are very pleased with our financial performance during the first quarter of 2022. We achieved 7.5 percent loan growth during the quarter, net of Paycheck Protection Program ("PPP") loans, which continue to be forgiven by the Small Business Administration ("SBA"). We continue to see a strong loan pipeline developing for 2022. We believe our investments in hiring seasoned lenders are making an immediate impact in all of our markets. Our core earnings, defined as net of mortgage and PPP fees, continue to improve, even though we are reflecting lower earnings per share during the first quarter of 2022 due to an expected reduction in PPP fees and reduced secondary mortgage fees. We are encouraged by the activity in our loan pipeline and believe we are well-positioned for the remainder of 2022 in all of our markets," said K. Wayne Wicker, Chairman and Chief Executive Officer of South Atlantic
Net interest income was $9.3 million for the three months ended March 31, 2022 compared to $8.9 million for the three months ended March 31, 2021, an increase of $466 thousand, or 5.3 percent, primarily due to an increase of $1.1 million in interest income on securities due to increased securities holdings, partially offset by a reduction in interest and fee income on loans of $453 thousand, as a large portion of PPP-related SBA fee income was realized in the first quarter of 2021 as PPP loans were forgiven by the SBA, and an increase in interest expense driven by a larger deposit portfolio.
Discount accretion included in the net interest income was $60 thousand for the three months ended March 31, 2022 compared to $75 thousand for the same period in 2021.
Noninterest income declined $2.3 million, or 66.5 percent, to $1.2 million for the three months ended March 31, 2022 compared to $3.5 million for the three months ended March 31, 2021. This decline in noninterest income during the three months ended March 31, 2022 is primarily due to a $1.5 million decrease in gains on the sale of securities and a $951 thousand decrease in secondary mortgage fees.
Noninterest expense increased $445 thousand, or 5.9 percent, to $8.0 million for the three months ending March 31, 2022 compared to $7.6 million for the three months ended March 31, 2021. This increase in noninterest expense during the three months ended March 31, 2022 is primarily due to salary and benefits expenses increasing by $364 thousand due to the hiring of seasoned commercial lenders and overhead costs to support our operations.
Dollars in Thousands Except Per Share Data
Dollars in Thousands
Total assets increased $64.2 million to $1.3 billion as of March 31, 2022, compared to $1.2 billion as of December 31, 2021. This increase in total assets during the three months ended March 31, 2022 was driven primarily by an increase in net loans of $39.0 million and an increase in investment securities of $13.6 million, offset by a reduction in mortgage loans held for sale of $5.9 million. Total loans, net of $14.2 million in paydowns and payoffs of PPP loans, grew 5.3 percent over the quarter ended March 31, 2022 compared to 1 percent for the quarter ended March 31, 2021. Total deposits increased $74.1 million in the quarter ended March 31, 2022, of which $9.8 million was noninterest bearing, compared to an increase of $86.6 million in the three months ended March 31, 2021.
Dollars in Thousands
The Company processed 1,013 PPP loans, totaling $91.7 million, during phase one of the PPP, which began in April 2020 and ended in August 2020. We have received forgiveness payments of $91.7 million from the SBA for all 1,013 phase one PPP loans, leaving no outstanding loans from phase one of the PPP as of December 31, 2021. The Company processed an additional 519 PPP loans, totaling $54.6 million, during phase two of the PPP, which began in January 2021 and ended in May 2021. We have received forgiveness payments of $44.4 million from the SBA for phase two PPP loans as of March 31, 2022. We anticipate that the remaining phase two PPP loans will be forgiven by the SBA or otherwise repaid by mid-year 2022.
Dollars in Thousands
Net interest margin, on a tax equivalent basis ("net interest margin"), declined by 3 basis points to 3.29 percent for the three months ended March 31, 2022, compared to 3.32 percent for the three months ended December 31, 2021. The decline is attributable primarily to the 7 basis point increase in overall cost of funds, offset by the increase in yield on earning assets by 2 basis points and decrease in rates on interest-bearing deposits by 2 basis points.
Dollars in Millions
We continue to see strong credit quality throughout our markets through March 31, 2022. As of March 31, 2022, there are no loans classified as non-accrual and no loans past due greater than 90 days. Provision expense during the three months ended March 31, 2022 was $75 thousand compared to $575 thousand for the three months ended March 31, 2021.
As previously disclosed, the Bank worked closely with borrowers who were unable to meet their contractual obligations due to the effects of the COVID-19 pandemic by offering loan modifications or payment deferrals to certain borrowers on a short-term basis. As of March 31, 2022, there are no loans with short-term modifications or payment deferrals due to the COVID-19 pandemic.
Shareholders' equity totaled $94.5 million as of March 31, 2022, a decrease of $11.0 million from December 31, 2021, driven by a $13.5 million adjustment for unrealized losses in the Bank's available-for-sale securities portfolio since December 31, 2021, partially offset by $2.0 million in year-to-date earnings. The $13.5 million adjustment for unrealized losses during the period resulted from a decrease in the market value of securities in the Bank's available-for-sale securities portfolio, which is attributed to a significant increase in market interest rates during the period. Generally, the Bank classifies its debt securities held in the Bank's securities portfolio as available-for-sale. During the period, the Bank reclassified a portion of its securities portfolio to held to maturity in order to help mitigate the effects of the rising interest rate environment and the Bank anticipates they will mature at par. The Bank's capital position remains above the minimum regulatory thresholds required to be considered "well-capitalized," with a total risk-based capital ratio of 12.73 percent as of March 31, 2022. The Company reported 7,591,915 total shares outstanding as of March 31, 2022. This increase of 14,110 shares is due to exercise of options granted.
South Atlantic Bancshares, Inc. (OTCQX: SABK) is a registered bank holding company based in Myrtle Beach, South Carolina with approximately $1.3 billion in total assets. The Company's banking subsidiary, South Atlantic Bank, is a full-service financial institution spanning the entire coastal area of South Carolina, and is locally owned, controlled and operated. The Bank operates eleven offices in Myrtle Beach, Carolina Forest, North Myrtle Beach, Murrells Inlet, Pawleys Island, Georgetown, Mount Pleasant, Charleston, Bluffton and Hilton Head Island, South Carolina. The Bank specializes in providing personalized community banking services to individuals, small businesses and corporations. Services include a full range of consumer and commercial banking products, including mortgage, and treasury management, including South Atlantic Bank goMobile, the Bank's mobile banking app. The Bank also offers internet banking, no-fee ATM access, checking, certificates of deposit and money market accounts, merchant services, mortgage loans, remote deposit capture, and more. For more information, visit www.SouthAtlantic.bank.
This press release contains, among other things, certain statements about future events that constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including, without limitation, statements regarding the effects of the ongoing COVID-19 pandemic (or any current or future variant thereof), statements with references to a future period or statements preceded by, followed by, or that include the words "may," "could," "should," "would," "believe," "anticipate," "estimate," "expect," "intend," "plan," "project," "outlook" or similar terms or expressions. These statements are based upon the current beliefs and expectations of the Company's management team and are subject to significant risks and uncertainties that are subject to change based on various factors (many of which are beyond the Company's control). These risks, uncertainties and other factors may cause the actual results, performance, and achievements of the Company to be materially different from the anticipated future results, performance or achievements expressed in, or implied by, the forward-looking statements. Although the Company believes that the assumptions underlying the forward-looking statements are reasonable, any of the assumptions could prove to be inaccurate. Therefore, the Company can give no assurance that the results contemplated in the forward-looking statements will be realized and readers are cautioned not to place undue reliance on the forward-looking statements contained in this press release. The inclusion of this forward-looking information should not be construed as a representation by the Company or any person that the future events, plans, or expectations contemplated by the Company will be achieved and readers are cautioned not to place undue reliance on the forward-looking statements contained in this press release. All subsequent written and oral forward-looking statements attributable to the Company or any person acting on its behalf are expressly qualified in their entirety by the cautionary statements above. Any forward-looking statements contained in this press release are made as of the date hereof, and the Company does not undertake any obligation to update any forward-looking statement to reflect circumstances or events that occur after the date the forward-looking statements are made, except as required by law.
Information contained herein, other than information as of December 31, 2021, is unaudited. All financial data should be read in conjunction with the notes to the consolidated financial statements of the Company and the Bank as of and for the fiscal year ended December 31, 2021, as contained in the Company's 2021 Annual Report located on the Company's website.
The Company maintains an Internet web site at www.southatlantic.bank/about-us/investor-relations. The Company makes available, free of charge, on its web site the Company's annual meeting materials, annual reports, and quarterly earnings reports. In addition, the OTC Markets Group maintains an Internet site that contains reports, proxy and information statements, and other information regarding the Company (at www.otcmarkets.com/SABK).
The Company routinely posts important information for investors on its web site (under www.southatlantic.bank and, more specifically, under the Investor Relations tab at www.southatlantic.bank/about-us/investor-relations/). The Company intends to use its web site as a means of disclosing material non-public information and for complying with its disclosure obligations under the OTC Markets Group OTCQX Rules for U.S. Banks. Accordingly, investors should monitor the Company's web site, in addition to following the Company's press releases, OTC filings, public conference calls, presentations and webcasts.
The information contained on, or that may be accessed through, the Company's web site is not incorporated by reference into, and is not a part of, this press release.
Member FDIC
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| 2022-04-19T23:10:56Z
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LAS VEGAS, April 19, 2022 /PRNewswire/ -- Spiro™, the brand experiences agency within the GES collective, has appointed Carley Faircloth as Chief Marketing Officer. In her position, Faircloth and her team will be responsible for Spiro's global brand launch, and beyond- to define and strengthen Spiro's brand presence by leveraging its future forward approach in a rapidly changing events industry.
Faircloth has extensive experience leading brand building strategies in the events and experience sector. Before joining Spiro's executive leadership team, she served in executive roles for the likes of Jack Morton Worldwide and most recently Freeman where, most recently as Managing Director, EMEA Agency, she oversaw all sales, marketing, and operations strategies, as she reimagined the brand for the agency services offering. Faircloth also founded and launched their Women of Agency initiative, aiming to support and empower women across all professional industries.
Faircloth has over 25 years working with brands like American Airlines, where she led agency teams in the airline's 2013 rebrand and US Airways merger, to driving long-term initiative with McDonalds, BP, Amazon, and Dell. She will continue to draw upon her broad understanding of the events industry's evolving direction, to deliver integrated marketing solutions at scale.
"Our industry, what brands need-everything has changed dramatically. Spiro is really driven by and in response to the needs of the brands we serve facing this change." Faircloth said. "For me, it's an exciting opportunity to define and amplify the distinctive solutions we offer, and what's behind the brand- the soul of it. Spiro is both rich in heritage and teeming with next gen thinking; I want to help create the emotional connection we have with our clients, as we help our clients create emotional connection with their customers."
"Carley is exactly who we need in our corner as we launch Spiro and introduce our clients to all of the new opportunities that come with it," said Spiro President Jeff Stelmach. "I can't think of anyone with a better understanding of the ongoing industry changes – and what brands and businesses need to do to adapt to them."
Faircloth assumes the global CMO role at Spiro effective immediately. For more about Spiro, visit www.ThisIsSpiro.com. For more about GES, visit GES.com.
Media Contact:
Jenn Joseph
The Encore Agency
602-329-8040
Jenn@TheEncoreAgency.com
SOURCE GES
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| 2022-04-19T23:11:05Z
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HOUSTON, April 19, 2022 /PRNewswire/ -- Stellus Capital Investment Corporation (the "Company") (NYSE: SCM) announced that its Board of Directors has declared a monthly dividend of $0.0933 and an additional dividend of $0.02 per share for each of April, May and June, totaling $0.34 per share in the aggregate for the second quarter of 2022. The regular dividend of $0.28 per share in the aggregate will be paid in addition to an additional dividend of $0.06 per share for an aggregate total of $0.34 per share to shareholders of record in April, May, and June 2022.
Summary of Second Quarter 2022 Regular Monthly Dividends
Summary of Second Quarter 2022 Additional Monthly Dividends
About Stellus Capital Investment Corporation
The Company is an externally-managed, closed-end, non-diversified investment management company that has elected to be regulated as a business development company under the Investment Company Act of 1940. The Company's investment objective is to maximize the total return to its stockholders in the form of current income and capital appreciation by investing primarily in private middle-market companies (typically those with $5.0 million to $50.0 million of EBITDA (earnings before interest, taxes, depreciation and amortization)) through first lien, second lien, unitranche and mezzanine debt financing, and corresponding equity investments. The Company's investment activities are managed by its investment adviser, Stellus Capital Management. To learn more about Stellus Capital Investment Corporation, visit www.stelluscapital.com under the "Public Investors" link.
FORWARD-LOOKING STATEMENTS
Statements included herein may contain "forward-looking statements" which relate to future performance or financial condition. Statements other than statements of historical facts included in this press release may constitute forward-looking statements and are not guarantees of future performance or results and involve a number of assumptions, risks and uncertainties, which change over time. Actual results may differ materially from those anticipated in any forward-looking statements as a result of a number of factors, including those described from time to time in filings by the Company with the Securities and Exchange Commission including the final prospectus that will be filed with the Securities and Exchange Commission. The Company undertakes no duty to update any forward-looking statement made herein. All forward-looking statements speak only as of the date of this press release.
Contacts
Stellus Capital Investment Corporation
W. Todd Huskinson, (713) 292-5414
Chief Financial Officer
thuskinson@stelluscapital.com
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| 2022-04-19T23:11:14Z
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YORK, Pa., April 19, 2022 /PRNewswire/ -- Traditions Bancorp (OTC Pink: TRBK), parent company of Traditions Bank, is pleased to announce its first quarterly dividend of eight cents per common share. The dividend will be paid on May 13, 2022 to shareholders of record at the close of business on May 3, 2022.
"With strong financial performance in 2021 and moving into our 20th anniversary year, we are pleased to distribute a portion of profits and begin to pay a regular quarterly dividend," noted Eugene Draganosky, President and Chief Executive Officer. "The Company is committed to growing shareholder value, and the Board continues to evaluate its dividend policy as part of proactive capital management. We truly appreciate the loyalty of our shareholders throughout the years as we grow to serve our communities."
Formed in 2002 with administrative headquarters in York, Pennsylvania, Traditions Bank operates seven full-service branch offices located in York, Hanover, and Lancaster, as well as a loan production office in Lemoyne, Cumberland County. With assets of $749 million as of December 31, 2022 and 170 associates, Traditions Bank provides depository and borrowing services to businesses and individuals located in south-central Pennsylvania. The Bank is a leading provider of residential mortgages and has been a Bauer Financial recommended financial institution for more than a decade.
To learn more about Traditions Bancorp, visit www.traditionsbancorp.com.
SPECIAL CAUTIONARY NOTICE REGARDING FORWARD-LOOKING STATEMENTS:
This release contains forward-looking statements about Traditions Bancorp, Inc. that are intended to be covered by the safe harbor for forward-looking statements provided by the Private Securities Litigation Reform Act of 1995. Forward-looking statements are not historical facts. These statements can be identified by the use of forward-looking terminology such as "believe," "expect," "may," "will," "should," "project," "plan," "seek," "intend," "anticipate" or similar terminology. Such forward-looking statements include, but are not limited to, discussions of strategy, financial projections and estimates and their underlying assumptions; statements regarding plans, objectives, goals, expectations or consequences; and statements about future performance, operations, products and services of Traditions Bancorp.
Traditions Bancorp cautions readers not to place undue reliance on forward-looking statements and to consider possible events or factors that could cause results or performance to materially differ from those expressed in the forward-looking statements, including, but not limited to: ineffectiveness of the organization's business strategy due to changes in current or future market conditions; the effects of competition, and of changes in laws and regulations on competition, including industry consolidation and development of competing financial products and services; interest rate movements; difficulties in integrating distinct business operations, including information technology difficulties; challenges in establishing and maintaining operations in new markets; volatilities in the securities markets; and deteriorating economic conditions.
Forward-looking statements in this release speak only as of the date of this release and Traditions Bancorp makes no commitment to review or update such statements to reflect changes that occur after the date the forward-looking statement was made.
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| 2022-04-19T23:11:21Z
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ANDOVER, Mass., April 19, 2022 /PRNewswire/ -- TransMedics Group, Inc. ("TransMedics") (Nasdaq: TMDX), a medical technology company that is transforming organ transplant therapy for patients with end-stage lung, heart and liver failure, today announced that it will release financial results for the first quarter of 2022 after market close on Tuesday, May 3, 2022. The TransMedics management team will host a corresponding conference call beginning at 5:00 p.m. ET / 2:00 p.m. PT.
Investors interested in listening to the conference call may do so by dialing (844) 200-6205 for domestic callers or (929) 526-1599 for international callers, followed by Conference ID: 215877. A live and archived webcast of the event will be available on the "Investors" section of the TransMedics website at https://investors.transmedics.com/.
About TransMedics Group, Inc.
TransMedics is the world's leader in portable extracorporeal warm perfusion and assessment of donor organs for transplantation. Headquartered in Andover, Massachusetts, the company was founded to address the unmet need for more and better organs for transplantation and has developed technologies to preserve organ quality, assess organ viability prior to transplant, and potentially increase the utilization of donor organs for the treatment of end-stage heart, lung, and liver failure.
Investor Contact:
Brian Johnston
332-895-3222
Investors@transmedics.com
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| 2022-04-19T23:11:28Z
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NEW YORK and HONG KONG, April 19, 2022 /PRNewswire/ -- Treadwell Therapeutics ("Treadwell"), a clinical-stage biotechnology company developing novel, cross-modality medicines for unmet needs in cancer, announced today the appointment of J.D. Mowery as Chief Operating Officer (COO). Reporting into the office of the CEO, J.D. will play an integral role in the continued evolution of Treadwell Therapeutics, leveraging his 20 years of industry experience and technical acumen.
"J.D. is a key addition to Treadwell's culture of purpose," said Shane Burgess, co-CEO of Treadwell. "We are delighted to welcome J.D. into our organization. We are confident his operational experience in multiple modalities will bring significant value to Treadwell," added Michael Tusche, Ph.D., co-CEO of Treadwell.
J.D. has worked across multiple disciplines within the small molecule, mammalian, microbial, cell therapy and viral vector sectors, all while leading both drug product and drug substance organizations. He has also spent time on both the innovator and contract manufacturing side of the industry, gaining experience in contract negotiation, business development, and securing critical investments. During his time at Genentech, Lonza, Juno/Celgene, and most recently AGC Biologics, he has been continually recognized as an inspiring leader and mentor for his teams.
"My career has taken me in many different directions but I have always made those choices with a deep focus on learning and growing," said J.D. Mowery, COO of Treadwell. "The opportunity to join an organization that brings together all of my past experiences alongside such amazing vision, leadership, and devotion to the patient is a dream come true."
J.D. earned a Bachelor of Science from George Fox University and a Master of Business Administration at Marylhurst University, both in Oregon. He is widely considered an industry expert and thought leader on topics such as aseptic processing, cell & gene therapies, facility design, and contract manufacturing.
About Treadwell Therapeutics
Treadwell Therapeutics is a science driven, clinical-stage multi-modality oncology company developing first-in-class and best-in-class medicines to address unmet needs in patients with cancer. Treadwell's robust, internally developed pipeline includes a first-in-class PLK4 kinase inhibitor, CFI-400945 and a best-in-class TTK inhibitor, CFI-402257, and CFI-402411, an oral immunomodulatory kinase inhibitor with activity toward HPK1. Treadwell also has a strong pre-clinical pipeline with multiple biologic and next generation TCR based autologous cell therapy programs. For more information, please visit www.treadwelltx.com.
Contact
ir@treadwelltx.com
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| 2022-04-19T23:11:36Z
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NEW YORK, April 19, 2022 /PRNewswire/ -- Unique Logistics International, Inc. ("UNQL or the Company") (OTC Markets: UNQL) a rapidly growing global logistics and freight forwarding company, today announced the filing of its Current Report on Form 10-Q (the "Current Report") reporting record financial results for the third quarter and the first nine months of its current fiscal year.
- Third quarter Net Revenue increased $159.4 million, or 175% versus the second quarter of prior year to $250.4 million; for the year-to-date (9 months) Net Revenue of $845.6 million is rapidly approaching the billion-dollar mark
- Third quarter Income from Operations, increased $2.0 million, or 667%, versus the second quarter of prior year
- Adjusted EBITDA of $2.5 million for the third quarter is up $0.7 million, or 39%, versus the second quarter of prior year and for the year-to-date (9 months) is at $14.8 million (124% higher than prior year)
"This was a tumultuous quarter for our industry. Geopolitical events, rising fuel prices, inflation and uncertain outlook for US consumer demand created challenges and potential headwinds for the logistics industry," said Sunandan Ray, CEO of UNQL. "UNQL kept its focus on its critical goals: increasing market share, progress towards closing of the acquisition plans we have already announced, improving our capital structure through the successful conversion of outstanding debt and taking the steps towards completing the financing event that we have disclosed in our public filings."
Key Business Highlights:
Revenue Environment:
- Demand for international logistics services is expected to remain steady despite the uncertainties created by war, rising fuel costs, inflation and uncertainty surrounding US consumer demand outlook. Seasonal factors will also impact shipping volumes in the remainder of the Fiscal Year, but the overall trends are steady; and the Company is in a favorable position thanks to its continuous efforts to grow market share.
- The reported revenue growth reflects the continuing success of the Company in achieving organic growth and increased market share by acquiring new customers in a challenging logistics market, through critical procurement and marketing strategies.
Cost Performance:
- The quarter ended February 28, 2022, saw the expected slowdown of retail demand after the holiday period and generally, in this period, shipping costs can be expected to decline. The rising cost of fuel, however, resulted in shipping costs declining less than expected. The yield on our business declined temporarily in the current quarter.
- Wage inflation is an important factor, now, in the logistics industry and the cost of recruiting staff and the cost of retaining staff are on a rapidly increasing trend. With increased business we have added to our employee base and that together with wage inflation has resulted in significantly higher staff cost.
Reduction of Debt:
- The Company has successfully executed an agreement with its convertible note holders for an exchange of notes and warrants of $3.9 million into equity (preferred stock). As a result, the Company eliminated all the convertible notes on its balance sheet.
- In the quarter ended February 28, 2022, the Company recognized net loss on the extinguishment of convertible notes payable and warrants of approximately $1.3 million in Other Income (Expenses) and recognized approximately $4.6 million as deemed dividends, both reflected in the statement of operations for the three and nine months, ended February 28, 2022. Certain anti-dilution provisions exist in the Preferred Stock requiring derivative liability treatment. The Company recognized a $4.3 million loss on the mark to market of the derivative liability associated with the Series A Preferred Stock. The derivative liability associated with the anti-dilution provisions will expire upon the maturity of the provision, reducing the derivative liability to zero, or upon the conversion of preferred stock to common stock, ultimately reducing the derivative liability and increasing paid in capital for the fair value at the time conversion.
Non-GAAP Measurement of Business Performance:
This press release includes certain financial information not prepared in accordance with Generally Accepted Accounting Principles in the United States ("GAAP"), including Adjusted EBITDA. Adjusted EBITDA is defined by the Company, for the periods presented, to be earnings before interest, factoring fees, taxes, depreciation and amortization, accretion of debt discounts, loss on debt extinguishments, stock-based compensation, and certain other items. Pursuant to the requirements of Regulation G, the Company has provided a reconciliation in the tables attached to this release of income from continuing operations calculated in accordance with accounting principles generally accepted in the United States of America ("GAAP") to Adjusted EBITDA. Adjusted EBITDA is not a measurement of financial performance under GAAP and may not be comparable to other similarly titled measures of other companies. The Company calculated and communicated Adjusted EBITDA in the tables because the Company's management believes it is of importance to investors and lenders by providing additional information with respect to the performance of its fundamental business activities. Management presents Adjusted EBITDA because it believes that Adjusted EBITDA is a useful supplement to net income as an indicator of operating performance. Management also believes that Adjusted EBITDA is an industry-wide financial measure that is useful both to management and investors when evaluating the Company's performance and comparing our performance with the performance of our competitors. Management also uses adjusted EBITDA for planning purposes, as well as to evaluate the Company's performance because it believes that adjusted EBITDA more accurately reflects the Company's results, as it excludes certain items, such as stock-based compensation charges, that management believes are not indicative of the Company's operating performance. The Company believes that Adjusted EBITDA is a performance measure and not a liquidity measure. Adjusted EBITDA should not be considered as an alternative to operating or net income as an indicator of performance or as an alternative to cash flows from operating activities as an indicator of cash flows, in each case as determined in accordance with GAAP, or as a measure of liquidity. In addition, adjusted EBITDA does not take into account changes in certain assets and liabilities as well as interest and Adjusted EBITDA is defined by the Company for the periods presented to be earnings before interest, factoring fees, taxes, depreciation and amortization, accretion of debt discounts, loss on debt extinguishments, stock-based compensation, and certain other items. Pursuant to the requirements of Regulation G, the Company has provided a reconciliation in the tables attached to this release of loss from continuing operations calculated in accordance with accounting principles generally accepted in the United States of America ("GAAP") to Adjusted EBITDA. Adjusted EBITDA is not a measurement of financial performance under GAAP and may not be comparable to other similarly titled measures of other companies. The Company calculated and communicated Adjusted EBITDA in the tables because the Company's management believes it is of importance to investors and lenders by providing additional information with respect to the performance of its fundamental business activities. Management presents Adjusted EBITDA because it believes that Adjusted EBITDA is a useful supplement to net loss as an indicator of operating performance. Management also believes that Adjusted EBITDA is an industry-wide financial measure that is useful both to management and investors when evaluating the Company's performance and comparing our performance with the performance of our competitors. Management also uses adjusted EBITDA for planning purposes, as well as to evaluate the Company's performance because it believes that adjusted EBITDA more accurately reflects the Company's results, as it excludes certain items, such as stock-based compensation charges, that management believes are not indicative of the Company's operating performance. The Company believes that Adjusted EBITDA is a performance measure and not a liquidity measure. Adjusted EBITDA should not be considered as an alternative to operating or net loss as an indicator of performance or as an alternative to cash flows from operating activities as an indicator of cash flows, in each case as determined in accordance with GAAP, or as a measure of liquidity. In addition, adjusted EBITDA does not take into account changes in certain assets and liabilities as well as interest and income taxes that can affect cash flows.
The Company's calculation of Adjusted EBITDA may or may not be consistent with the calculation of this measure by other companies in the same industry. Investors should not view Adjusted EBITDA as an alternative to the GAAP operating measure of net income (loss). In addition, Adjusted EBITDA does not take into account changes in certain assets and liabilities as well as interest and income taxes that can affect cash flows. Management does not intend the presentation of these non-GAAP measures to be considered in isolation or as a substitute for results prepared in accordance with GAAP. These non-GAAP measures should be read only in conjunction with the Company's consolidated financial statements prepared in accordance with GAAP income taxes that can affect cash flows. The Company's calculation of Adjusted EBITDA may or may not be consistent with the calculation of this measure by other companies in the same industry. Investors should not view Adjusted EBITDA as an alternative to the GAAP operating measure of net income (loss). In addition, Adjusted EBITDA does not take into account changes in certain assets and liabilities as well as interest and income taxes that can affect cash flows. Management does not intend the presentation of these non-GAAP measures to be considered in isolation or as a substitute for results prepared in accordance with GAAP. These non-GAAP measures should be read only in conjunction with the Company's consolidated financial statements prepared in accordance with GAAP.
About Unique Logistics International, Inc.
Unique Logistics International, Inc. (OTC: UNQL) through its wholly owned operating subsidiaries, is a global logistics and freight forwarding company providing a range of international logistics services that enable its customers to outsource to the Company sections of their supply chain process. The services provided are seamlessly managed by its network of trained employees and integrated information systems. We enable our customers to share data regarding their international vendors and purchase orders with us, execute the flow of goods and information under their operating instructions, provide visibility to the flow of goods from factory to distribution center or store and when required, update their inventory records.
Forward-Looking Statements
This release does not constitute an offer to sell or a solicitation of offers to buy any securities of any entity. 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, that are intended to be covered by the "safe harbor" created by hose sections. Forward-looking statements, which are based on certain assumptions and describe our future plans, strategies and expectations, can generally be identified by the use of forward-looking terms such as "believe," "expect," "may," "should," "could," "seek," "intend," "plan," "goal," "estimate," "anticipate" or other comparable terms. All statements other than statements of historical facts included in this news release regarding our strategies, prospects, financial condition, operations, costs, plans, and objectives are forward-looking statements. Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based only on our current beliefs, expectations, and assumptions regarding the future of our business, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of our control. Our actual results and financial condition may differ materially from those indicated in the forward-looking statements. Therefore, you should not rely on any of these forward-looking statements. Important factors that could cause our actual results and financial condition to differ materially from those indicated in the forward-looking statements include, among others, the following: our ability to successfully market our services; the acceptance of our services by customers; our continued ability to pay operating costs and ability to meet demand for our services; the amount and nature of competition from other logistics service providers; the effects of changes in the logistics market; our ability to comply with applicable regulations; and the other risks and uncertainties described in our prior filings with the Securities and Exchange Commission. We undertake no obligation to publicly update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments or otherwise.
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| 2022-04-19T23:11:43Z
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COLLEGE PARK, Md., April 19, 2022 /PRNewswire/ -- The University of Maryland has named Stephanie Shonekan dean of the College of Arts and Humanities (ARHU), effective July 1, 2022. As dean, Shonekan will provide strong and visionary leadership for ARHU, supporting an environment of diversity and inclusive excellence in teaching and learning; promoting a culture of impactful research, scholarship and creative activities; and encouraging interdisciplinary collaboration and partnerships.
"I am excited by this opportunity to lead the effort to drive and support an environment of interdisciplinary curricular, pedagogical innovation and research for the faculty and students of the College of Arts and Humanities at the University of Maryland," says Shonekan. "As a professor of music and Black studies, I am a constant champion for the humanities and the fine arts, and am energized to lead collaborative work to help all of us understand the critical importance of these areas, and their potential to enrich all disciplines."
Shonekan joins the University of Maryland from the University of Missouri, where she currently serves as senior associate dean of the College of Arts and Science. In this role, her work focuses on guiding the college to meet the mission of a public institution, providing a well-rounded education to its students, promoting research productivity, and serving the college, campus, and all the various fields of the College of Arts and Science. She leads and manages the college's budget and administration, faculty affairs, hiring and facilities.
"Dr. Shonekan brings a wealth of experience advocating for the representation of arts and humanities, driving innovation in teaching and learning, and advancing work to create an inclusive culture," says Senior Vice President and Provost Jennifer King Rice. "Her scholarship and leadership align with the vision outlined in our strategic plan, and I am thrilled by the knowledge and perspective she brings to the University of Maryland."
As senior associate dean at the University of Missouri, she has led initiatives to develop guidelines regarding faculty workloads; review and revise the staff support structure throughout the college; and find ways to uplift and highlight the value of the college's departments and colleagues in the humanities, arts and social sciences. Prior to her current position, she served as associate dean for graduate studies and inclusive culture, where she created a faculty mentorship initiative focused on meeting the intricate needs of graduate students and led cross-departmental work to make the college and campus a more inclusive space. Shonekan previously served for five years as a department chair, first at the University of Missouri and then at the University of Massachusetts, Amherst, and held several roles at Columbia College Chicago for eight years.
Shonekan's work focuses on race, culture, identity and history. A prolific ethnomusicologist, she is the author of Black Resistance in the Americas: Slavery and Its Aftermath, Black Lives Matter and Music, and Soul, Country and the USA: Race and Identity in American Music Culture. She is also co-founder of the national "Race and the American Story" project, dedicated to "cultivating conversation, fostering understanding, broadening knowledge, and building community among people of different backgrounds and walks of life in the U.S." Shonekan is the recipient of various awards, including the Commitment to Diversity Faculty award at the University of Massachusetts, and the Marian O'Fallon Oldham Distinguished Educator Award, the Excellence in Education Award and the Black Girls Rock Award, and was a Teaching Excellence finalist at the University of Missouri.
She holds a B.A. in English from the University of Jos, Nigeria, an M.A. in English from the University of Ibadan, Nigeria, and a Ph.D. in Folklore and Ethnomusicology from Indiana University, Bloomington.
About the University of Maryland
The University of Maryland is the state's flagship university and one of the nation's preeminent public research universities. A global leader in research, entrepreneurship and innovation, the university is home to more than 40,000 students,10,000 faculty and staff, and 300 academic programs. As one of the nation's top producers of Fulbright scholars, its faculty includes two Nobel laureates, three Pulitzer Prize winners and 59 members of the national academies. The institution has a $2.2 billion operating budget and secures more than $1 billion annually in research funding together with the University of Maryland, Baltimore. For more information about the University of Maryland, visit www.umd.edu.
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| 2022-04-19T23:11:49Z
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KATY, Texas, April 19, 2022 /PRNewswire/ -- U.S. Silica Holdings, Inc. (NYSE: SLCA) said today that part of its Industrial and Specialty Products business will increase prices for most of its non-contracted diatomaceous earth, perlite and cellulose products used primarily in food and beverage filtration, renewable diesel, catalysts, paints and coatings, plastics and industrial oil.
Price increases will range up to 25 percent, depending on the product and grade. The price increases are effective for shipments starting May 15, 2022.
This increase is driven by ongoing inflationary pressures around raw materials, packaging, labor, logistics and maintenance expenses.
U.S. Silica Holdings, Inc. is a global performance materials company and is a member of the Russell 2000. The Company is a leading producer of commercial silica used in the oil and gas industry and in a wide range of industrial applications. Over its 122-year history, U.S. Silica has developed core competencies in mining, processing, logistics and materials science that enable it to produce and cost-effectively deliver over 600 diversified products to customers across our end markets. U.S. Silica's wholly-owned subsidiaries include EP Minerals and SandBox Logistics™. EP Minerals is an industry leader in the production of products derived from diatomaceous earth, perlite, engineered clays, and non-activated clays. SandBox Logistics™ is a state-of-the-art leader in proppant storage, handling and well-site delivery, dedicated to making proppant logistics cleaner, safer and more efficient. The Company currently operates 24 mines and production facilities and is headquartered in Katy, Texas.
Investor Contact
Patricia Gil
Vice President, Investor Relations
281-505-6011
gil@ussilica.com
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| 2022-04-19T23:11:55Z
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BOZEMAN, Mont., April 19, 2022 /PRNewswire/ -- Credova, the leading outdoor recreation and firearm industry buy now, pay later platform has partnered with the US Concealed Carry Association (USCCA) for a firearm industry giveaway. Shoppers who use Credova to pay over time for their purchases at retailers like Grab A Gun, Budsgunshop, Daniel Defense and more, are entered to win a $15,000 giveaway sponsored by USCCA.
"The collaboration between USCCA and Credova is a perfect match. We support the responsible ownership of firearms and believe organizations like USCCA, who focus on training and education, are an incredible resource for the industry," says Dusty Wunderlich, Credova CEO.
Tim Schmidt, President & Founder said, "The USCCA is proud to partner with an organization that continually innovates and ensures that all Americans have access to the resources needed to keep their loved ones safe. Through Credova's product offering, individual finances are no longer a deterrent for responsibly armed Americans to become their family's first line of defense."
All dealers who accept Credova are able to participate in the giveaway, and inquiring merchants can visit www.credova.com/merchantinquiry to signup.
About Credova: Credova is the leading outdoor recreation point-of-sale financing platform providing buy now, pay later solutions to merchants operating both brick and mortar retail locations as well as through an integrated API eCommerce solution. Through the Credova platform and integrated API solution, consumers gain access to multiple financing solutions for their purchases, allowing them to buy now and pay over time.
About USCCA:
About the USCCA. The U.S. Concealed Carry Association (USCCA) is an association of responsible armed Americans whose members get exceptional self-defense education, lifesaving training, and self-defense liability insurance, preparing them for the before, during and after of a lawful act of self-defense. The USCCA is the largest, fastest-growing self-defense association dedicated to responsible gun owners.
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https://www.whsv.com/prnewswire/2022/04/19/uscca-credova-partner-15000-giveaway/
| 2022-04-19T23:12:02Z
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The high-tech car wash chain welcomes its 13th location to the tri-state area. Customers can enjoy a week-long grand opening event that offers free washes, always with free vacuums and towels.
MOUNT LAUREL, N.J., April 19, 2022 /PRNewswire/ -- The new Mount Laurel, New Jersey location will be hosting a grand opening week-long event from April 19-April 24. All customers to this location can enjoy a free wash from 9 am – 5 pm, Tuesday through Sunday. Learn more about the grand opening here: valetwash.com/locations/mount-laurel/
After the grand opening event, the Mount Laurel location hours will expand to 8 am – 7 pm for the summer season and 8 am – 6 pm in the winter season.
Mount Laurel offers an exterior auto wash in the iconic Valet Auto Wash tunnel and free use of vacuums and towels. Self-service cleaning features are accessible inside or outside with ample space for large vehicles.
Other select Valet Auto Wash locations offer additional car wash and lube services, including Brilliance Wax services and Interior Valet Cleaning. Valet Auto Wash operates 13 locations in the tri-state area with car washes in New Jersey, New York, and Pennsylvania.
The Valet Auto Wash mission is to reinvent the standard car wash by combining exceptional customer care, innovative car wash equipment and technology, and eco-friendly operations at every stage of the car wash process.
"We have a saying in our office from Walt Disney that says, 'You can design and create, and build the most wonderful place in the world. But it takes people to make the dream a reality," said Chris Vernon, Valet Auto Wash's owner. "So, the ability to bring people, technology, and manufacturing car wash processing equipment all together is a blast."
About Valet Auto Wash
The very first Valet Auto Wash opened in 1994 in a repurposed historical trolley car barn on Lalor Street in Trenton, New Jersey. The team strives to provide customers with an excellent car wash using state-of-the-art auto washing technology and professional customer care. Today, they have locations throughout New Jersey, New York, and Pennsylvania, and offer an array of car wash and lube services.
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https://www.whsv.com/prnewswire/2022/04/19/valet-auto-wash-announces-new-car-wash-location-mount-laurel-new-jersey/
| 2022-04-19T23:12:09Z
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Mitsu-Ken Okazu has been a staple in Kalihi for over 30 years. Their garlic chicken and enormous breakfast plates have created lifelong diners. But they are also known for their bentos.
Back in the kitchen, we learned what goes into making a good bento. Some of these key ingredients include two scoops of rice, furikake, ginger, hot dogs, eggs, spam, teriyaki meat, and three large pieces of garlic chicken.
Mitsu-Ken opened in December 1992 and will be celebrating their 30th anniversary this year! “The pandemic really impacted our business...but we are very lucky and fortunate to keep all of our staff,” family member, Cody Kaneshiro shared.
The staff members are hard workers, as “typically in a day, Mitsu-Ken sells about 250 breakfast plates [and] on Saturdays, that can go up to possibly 400 plates.” This success wouldn’t be possible without the business’ family roots. “My grandma and my grandpa, my aunty, mom, my sister, we all have worked here at Mitsu-Ken.” Cody shared that the hope is to carry on the family tradition, keep the business going, and “who knows, maybe another 30 years to celebrate in the future.”
To try one of their famous breakfast plates, visit:
2300 North King St. Ste. E106
(808) 848-5573
Interested in featuring your business or organization? Email IslandLife@kitv.com
As Miss Hawaii 2019 & 2020, Nikki was a representative for the Aloha State and was highly involved with the community as she promoted the importance of service. Nikki is the host of KITV's entertainment and culture platform, ISLAND LIFE.
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https://www.kitv.com/island-life/food/delicious-garlic-chicken-and-enormous-breakfast-plates-from-mitsu-ken-okazu/article_30fce7c6-c016-11ec-955a-c369396c73e0.html
| 2022-04-19T23:12:17Z
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NEW YORK, April 19, 2022 /PRNewswire/ -- The Virtus InfraCap U.S. Preferred Stock ETF (NYSE Arca: PFFA) (the "Fund") has declared a monthly distribution of $0.1625 per share ($1.95 per share on an annualized basis). The distribution will be paid April 28, 2022 to shareholders of record as of the close of business April 21, 2022.
PFFA Cash Distribution:
- Ex-Date: Wednesday, April 20, 2022
- Record Date: Thursday, April 21, 2022
- Payable Date: Thursday, April 28, 2022
Infrastructure Capital Advisors expects to declare future distributions on a monthly basis. Distributions are planned, but not guaranteed, for every month. The next distribution is scheduled to occur in May 2022.
For more information about PFFA's distribution policy, its 2022 distribution calendar, or tax information, please visit the Fund's website at www.virtusetfs.com.
About Virtus ETF Advisers
Virtus ETF Advisers is a New York-based, multi-manager ETF sponsor and affiliate of Virtus Investment Partners. With actively managed and index-based investment capabilities across multiple asset classes, Virtus offers a range of complementary exchange-traded-funds subadvised by select investment managers.
About Infrastructure Capital Advisors, LLC
Infrastructure Capital Advisors, LLC (ICA) is an SEC-registered investment advisor that manages exchange traded funds and a series of hedge funds. The firm was formed in 2012 and is based in New York City. ICA seeks total-return opportunities in key infrastructure sectors, including energy, real estate, transportation, industrials and utilities. It often identifies opportunities in entities that are not taxed at the entity level, such as master limited partnerships ("MLPs") and real estate investment trusts ("REITs"). It also looks for opportunities in credit and related securities, such as preferred stocks. Current income is a primary objective in most, but not all, of the company's investing activities. The focus is generally on asset-intensive companies that generate and distribute substantial streams of free cash flow. For more information, please visit www.infracapfunds.com.
DISCLOSURE
Fund Risks
Exchange Traded Funds: The value of an ETF may be more volatile than the underlying portfolio of securities the ETF is designed to track. The costs of owning the ETF may exceed the cost of investing directly in the underlying securities. Preferred Stock: Preferred stocks may decline in price, fail to pay dividends, or be illiquid. Non-Diversified: The Fund is non-diversified and may be more susceptible to factors negatively impacting its holdings to the extent that each security represents a larger portion of the Fund's assets. Short Sales: The Fund may engage in short sales, and may experience a loss if the price of a borrowed security increases before the date on which the Fund replaces the security. Leverage: When a Fund leverages its portfolio, the value of its shares may be more volatile and all other risks may be compounded. Derivatives: Investments in derivatives such as futures, options, forwards, and swaps may increase volatility or cause a loss greater than the principal investment. No Guarantee: There is no guarantee that the portfolio will meet its objective. Prospectus: For additional information on risks, please see the Fund's prospectus.
You should consider the Fund's investment objectives, risks, and charges and expenses carefully before investing. Contact VP Distributors LLC at 1-888-383-4184 or visit www.virtusetfs.com to obtain a prospectus which contains this and other information about the Fund. The prospectus should be read carefully before investing.
Virtus ETF Advisers, LLC serves as the investment advisor and Infrastructure Capital Advisors, LLC serves as the subadviser to the Fund.
The Fund is distributed by VP Distributors, LLC, member FINRA and subsidiary of Virtus Investment Partners, Inc.
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| 2022-04-19T23:12:17Z
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The International Monetary Fund has slashed its expectations for global economic growth over the next two years because of Russia's invasion of Ukraine, comparing the ripple effects from the conflict to an "earthquake."
"The economic effects of the war are spreading far and wide," the organization said in its latest outlook, published Tuesday.
The IMF now expects the world economy to expand by 3.6% in both 2022 and 2023, a sharp deceleration from growth of 6.1% in 2021. The new forecasts reflect downgrades of 0.8 and 0.2 percentage points, respectively, from its January forecast.
The World Bank also slashed its global growth forecast this week. It now expects the world economy to expand by 3.2% in 2022.
The IMF outlook assumes that the war remains confined to Ukraine, that further sanctions on Russia don't target its huge energy sector and the effects of the pandemic continue to fade.
Unsurprisingly, the conflict will hit Ukraine and Russia the hardest. The IMF expects Ukraine's economy to shrink 35% this year, while the West's efforts to punish Russia are poised to cause its economy to contract by 8.5%.
But because the war has caused a spike in the price of energy and other commodities, worsening supply chain problems and feeding expectations for more persistent inflation, its effects will be felt almost everywhere.
"The war will severely set back the global recovery, slowing growth and increasing inflation even further," the IMF said, emphasizing that the world economy had not fully recovered from the coronavirus pandemic when Russia invaded Ukraine in late February.
In Europe, which relies heavily on Russia to meet its energy needs, growth is now expected to slow to 2.8% in 2022, a downgrade of 1.1 percentage points versus January.
The United States is comparatively insulated. Yet weakness among its trading partners, as well as the Federal Reserve's plans to quickly pull back pandemic-era support for the economy and raise interest rates, are weighing on the outlook. The IMF projects US growth of 3.7% in 2022 and 2.3% in 2023, down 0.3 percentage points since its last forecast.
Storm clouds are also gathering over China, which the IMF now expects to log growth of 4.4% in 2022, well below Beijing's official target of about 5.5%. The world's second biggest economy is hampered by lockdowns aimed at stopping the spread of Covid-19, fallout from the war in Ukraine and problems in its property sector.
While the report observes that "global economic prospects have worsened significantly" since the start of the year, it does not predict a recession, which the IMF typically calls when growth falls to 2.5% or lower.
But the IMF also notes uncertainty "well beyond the normal range" surrounding its projections because of the unprecedented nature of the shock. And the risks of an even greater slowdown, combined with persistently high inflation, are climbing.
Goldman Sachs this week put the likelihood of a US recession at 15% in the next 12 months and 35% within the next 24 months. Japanese investment bank Nomura said Monday that the chances are rising that China falls into a recession this spring.
Much could depend on Russian President Vladimir Putin's next move. If supplies of Russian natural gas to Germany were suddenly cut off, Europe's biggest economy would lose a shocking $238 billion in economic output over the next two years, the country's top forecasters have said.
Europe could also go further in sanctioning Russian energy. French Finance Minister Bruno Le Maire said Tuesday that an embargo on Russian oil at a European Union level was in the works, adding that France's President Emmanuel Macron wants such a move.
"The reason that we are not there yet isn't because France does not wish it," Le Maire told Europe 1 radio. "It is because there are still certain European partners who are hesitant."
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™ & © 2022 Cable News Network, Inc., a WarnerMedia Company. All rights reserved.
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https://www.kitv.com/news/business/imf-says-russias-war-in-ukraine-will-severely-set-back-global-economy/article_9660225a-6b0c-5e9f-8e40-108c3c440ca0.html
| 2022-04-19T23:12:23Z
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Company secures top ranking for the fourth consecutive year
WHEELING, W.Va., April 19, 2022 /PRNewswire/ -- WesBanco, Inc. (Nasdaq: WSBC), a diversified, multi-state bank holding company, announces, for the fourth consecutive year, that its affiliate, WesBanco Bank, has been named one of the World's Best Banks by Forbes. This ranking was based on customer satisfaction and consumer feedback, and WesBanco received strong scores across the survey, including scores for 'satisfaction', 'customer services', 'digital services', and 'financial advice'. WesBanco was ranked 30th this year, up 16 spots from the past two years.
"WesBanco is thrilled to once again have been named one of the World's Best Banks by our customers," said Todd F. Clossin, WesBanco President and Chief Executive Officer. "This follows closely also being recognized by Forbes, as the only midsize bank being ranked in the top ten as one of America's Best Banks for our strong financial performance and Best Midsize Employers for our employee focus."
Mr. Clossin continued, "WesBanco prides itself on delivering large bank capabilities with a community bank feel. Our customer-centric service culture is focused on building long-term customer relationships by pledging to serve our customers' personal financial needs and help grow their businesses. WesBanco is focused on delivering long-term, sustainable growth through solid execution upon our distinct strategies, including the opening of loan production offices in major markets adjacent to our footprint and investing in innovative digital technology to make banking easier."
WesBanco's financial services include business and personal transaction account options; competitive business and personal lending services; a full range of online and mobile banking options; a full suite of commercial banking products and services; and trust, wealth management, securities brokerage, and private banking services through the century-old Trust and Investment Services department.
The World's Best Banks were selected based on over 45,000 consumer surveys representing 27 different countries. Participants were asked to rate every bank at which they have/had a checking or savings account on overall recommendation and satisfaction, as well as rate the banks in five different criteria: Trust, Terms & Conditions, Customer Services, Digital Services, and Financial Advice. All credit institutions offering checking and/or savings accounts were eligible to be considered for this recognition. The final list recognizes the top 500 companies around the world. The awards list can be viewed on the Forbes website.
About WesBanco, Inc.
Founded in 1870, WesBanco, Inc. (www.wesbanco.com) is a diversified and balanced financial services company that delivers large bank capabilities with a community bank feel. Our distinct long-term growth strategies are built upon unique sustainable advantages permitting us to span six states with meaningful market share. Built upon our 'Better Banking Pledge', our customer-centric service culture is focused on growing long-term relationships by pledging to serve all personal and business customer needs efficiently and effectively. Furthermore, our strong financial performance and employee focus has earned us recognition by Forbes as both one of America's Best Banks and Best Midsize Employers – the only midsize bank making the top ten of both rankings. In addition to a full range of online and mobile banking options and a full-suite of commercial products and services, WesBanco provides trust, wealth management, securities brokerage, and private banking services through our century-old Trust and Investment Services department, with approximately $5.6 billion of assets under management (as of December 31, 2021). WesBanco's banking subsidiary, WesBanco Bank, Inc., operates 205 financial centers in the states of Indiana, Kentucky, Maryland, Ohio, Pennsylvania, and West Virginia. Additionally, WesBanco operates an insurance agency, WesBanco Insurance Services, Inc., and a full service broker/dealer, WesBanco Securities, Inc.
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| 2022-04-19T23:12:26Z
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...SMALL CRAFT ADVISORY NOW IN EFFECT UNTIL 6 PM HST WEDNESDAY...
* WHAT...Northeast to east winds 25 kt.
* WHERE...Kauai Northwest Waters, Kauai Windward Waters, Kauai
Leeward Waters, Kauai Channel, Oahu Windward Waters, Oahu
Leeward Waters, and Kaiwi Channel.
* WHEN...Until 6 PM HST Wednesday.
* IMPACTS...Conditions will be hazardous to small craft.
PRECAUTIONARY/PREPAREDNESS ACTIONS...
Inexperienced mariners, especially those operating smaller
vessels, should avoid navigating in these conditions.
&&
HONOLULU (KITV4) -- Hawaii is fast approaching the summer travel season. It is a time when the airport parking garages and lots can quickly fill up. Lately, some of the stalls are being taken up by cars rented out through Turo, a car sharing service.
And security officers are issuing citations to Turo hosts who are doing exchanges there, while Turo hosts are scrambling to find new ways to conduct business.
Jonathan Charo is set to rent out one of several Turo cars he owns. The app Turo allows every-day hosts to rent out their cars to others.
"Right now, delivery to hotels and residences are options," said Charo.
What's not an option for him is dropping off a car for a customer at the airport. Many of Charo and other Turo hosts' customers are coming in on flights, but he won't go anywhere near those parking lots.
"If you're not permitted, you're not allowed to do business on airport grounds. So with those Turo, with the peer-to-peer rentals that are going on, if you are doing business on airport grounds then you are breaking the law. You could face a $50 fine and have your car towed," said Hawaii DOT Spokesperson Jai Cunningham.
Having your car towed is not cheap, but the DOT says people are still doing the transactions. The department wants to get the word out so people will stop.
There's no permitting procedure in place yet to make the exchanges legal.
"A similar thing happened back a decade ago, when you had Lyft and Uber coming onto airport property. Taxi drivers were not permitted. So we had to work on legislation to govern how those rideshare apps are handled when they are on airport grounds. So it's probably something we're looking at in figuring out exactly how to handle this," said Cunningham.
Charo says he's researched and found another option at some other airports.
"It's pretty much a section a the airport that's dedicated to Turo cars. There is an employee who works there extended hours. They do the pickups and drop offs," said Charo.
As we head into the popular summer travel season, the DOT recommends people get picked up and dropped off at the airport, rather than parking their cars.
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https://www.kitv.com/news/business/turo-hosts-being-ticketed-for-doing-business-at-hawaii-airports/article_8945b380-bfbd-11ec-b696-d77c8cf326ee.html
| 2022-04-19T23:12:29Z
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LAKE FOREST, Calif., April 19, 2022 /PRNewswire/ -- Westamerica Communications announced the recent addition of Vic Piercy to the executive team as Vice President of Manufacturing. Piercy has a strong background in visual branded solutions and merchandising which is a growing category for the company.
In addition to a 30-year background in printing operations, Vic has spent the last five years with Image Options as Vice President, Operations where he helped them claim their top spot as one of Southern California's top visual solutions companies.
"This new opportunity allows me to contribute to Westamerica's continued growth in the wide format arena and print communications in general. The nearly 50-year Westamerica legacy in this market shows the power of this brand," said Piercy. "The expanded commitments being made by the company are going to help many of our customers grow and compete more effectively. It's a very exciting time to be part of Westamerica."
The position was created when long time founding company member Michael Milota moved into a part-time role with the company, focusing on key strategic projects. He remains part of the executive and ownership team.
CEO Doug Grant reflected on the move to bring on Piercy and its importance on the overall direction of the company.
"Westamerica has embarked on many exciting initiatives. At a time when many companies in our industry are reeling from the pandemic, we are enjoying strong growth and vibrant new customer acquisition," said Grant. "We are confidently moving forward with an agenda of capacity growth across our many vertical segments and improved operational efficiency."
Already in 2022 Westamerica has initiated major operational enhancements and capital investments:
- Implemented process-free plates for increased production efficiency, reduced environmental impact, and improved economics
- Expanding digital printing footprint to decrease production turn time and speed solutions to market
- Relocating wide format division to a larger, more efficient facility adjacent to the corporate manufacturing plant in Lake Forest
"People are our greatest asset," said Grant. "When we add talent like Vic to our very talented employee team, we expect even greater accomplishments for Westamerica."
About Westamerica
Founded in 1977, Westamerica is a vertically integrated marketing services, printing and packaging company serving the commercial, financial and government sectors with powerful communication and branding solutions. We exist to help our clients grow.
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https://www.whsv.com/prnewswire/2022/04/19/westamerica-brings-veteran-wide-format-executive-team/
| 2022-04-19T23:12:33Z
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A little-known federal judge appointed by former President Donald Trump found herself in the national spotlight on Monday after striking down the Biden administration's public transportation mask mandate.
US District Judge Kathryn Kimball Mizelle has been serving as a federal judge in Florida for more than a year. Notably, the Senate vote confirming her to the lifetime appointment came in mid-November 2020, after the presidential election. She had been given a "not qualified" rating by the American Bar Association, based on her limited amount of experience post-law school.
Born in Lakeland, Florida, in 1987, Mizelle graduated in 2012 with a law degree from University of Florida Levin College of Law, after earning her undergraduate degree at Covenant College, a Christian liberal arts college in Georgia.
Before becoming a judge, she was an associate with the law firm Jones Day in Washington, DC, and an adjunct law professor at her alma mater. Mizelle held four federal clerkships throughout her career, including one with US Supreme Court Justice Clarence Thomas from 2018 to 2019.
From 2017 to 2018, she was counsel to one of the third-ranking officials at the Justice Department, then-Associate Attorney General Rachel Brand, where she oversaw the Tax Division and led the administration's efforts to promote free speech on college campuses.
She spent about three years as a trial attorney for the Justice Department's Tax Division, where she prosecuted white-collar crimes, and before that was a special assistant US attorney for the Eastern District of Virginia for a year, she told the Senate Judiciary Committee.
According to the American Bar Association, the two cases she had tried to verdict were when she said she was a certified legal intern for Florida's state attorney's office and still in law school.
A member of the Federalist Society, Mizelle, then 33, was nominated by Trump in early September 2020, in a confirmation without any support by Senate Democrats, who were in the minority at the time.
During her Senate hearing that month, Mizelle was pressed by Democrats about her lack of experience and other issues such as an amicus brief she had filed while in private practice, on the behalf of clients in supporting the Department of Labor's decision not to issue mandatory safety rules to protect workers from contracting Covid-19.
Mizelle was also asked about John Eastman -- who later pressed for ways to overturn the presidential election -- who at the time was pushing a racist conspiracy theory that Vice President Kamala Harris might not be eligible for the role because her parents were immigrants. Mizelle said she did not endorse the views expressed by Eastman, who worked for the Claremont Institute, where Mizelle participated in a weeklong fellowship.
Mizelle was given the "not qualified" rating by the American Bar Association when she was nominated, based on her lack of experience -- which is a primary focus of the ABA's ranking system.
"(A) nominee to the federal bench ordinarily should have at least 12 years' experience in the practice of law," the ABA said in a letter to the Senate Judiciary Committee in September 2020. The ABA's "Backgrounder" adds that "in evaluating the professional qualifications of a nominee, the Standing Committee recognizes that substantial courtroom and trial experience as a lawyer or trial judge is important."
While Mizelle was admitted to practice law in September 2012, the ABA notes that "a nominee's limited experience may be offset by the breadth and depth of the nominee's experience over the course of her or his career." In this case, the ABA wrote, Mizelle had not tried a civil or criminal case as a lead or co-counsel.
In its letter, the ABA said it was not questioning Mizelle's character or future ability. "Ms. Mizelle has a very keen intellect, a strong work ethic and an impressive resume," the letter states. "She presents as a delightful person and she has many friends who support her nomination. Her integrity and demeanor are not in question. These attributes however simply do not compensate for the short time she has actually practiced law and her lack of meaningful trial experience."
Asked about the ABA's letter in her Senate Judiciary written questionnaire, Mizelle wrote, "I do not fully understand its methodology or why they omitted discussion of my litigation as a federal prosecutor where I appeared and argued in federal district court."
During her confirmation hearing, Mizelle was asked by Republican Sen. Ted Cruz of Texas what she'd tell litigants worried about her lack of experience.
"I would work myself to figure it out, to learn it quickly. I would bring all of my energy and intensity to mastering the task at hand," she said.
Mizelle was confirmed by the Senate in a 49-41 party-line vote in November 2020. She was later sworn in by Thomas.
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™ & © 2022 Cable News Network, Inc., a WarnerMedia Company. All rights reserved.
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https://www.kitv.com/news/coronavirus/who-is-judge-kathryn-kimball-mizelle-the-federal-judge-who-blocked-bidens-travel-mask-mandate/article_5fae58d9-e3b2-5cfe-9461-7ec90661e4d3.html
| 2022-04-19T23:12:35Z
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BEIJING, April 19, 2022 /PRNewswire/ -- On 19 April, Wyze Lock Bolt was officially launched on Wyze's website (wyze.com). The new product is built with Lockin and uses Lockin's advanced security technology. Wyze Lock Bolt is the third co-branding cooperation between the two companies. It will be available in the US and Canada first at the friendly prices of $79.98 USD and 104.98 CAD.
Wyze Lock Bolt is featured with faster and more secure fingerprint unlocking, and can also be unlocked by a number keypad and the app. It allows users to view the history of the lock through the app. Like Wyze's other products, the retail price of the Wyze Lock Bolt is less than $80, but the performance and design are far beyond your expectations.
"Lockin is dedicated to providing products with innovative technology that everyone in the world can use. When you build a global and trusted brand, the sense of pride or achievement comes spontaneously. I think this is a starting point for the establishment of Lockin." Bill Chen, the CEO of Lockin, said.
Lockin and Wyze have been cooperating since 2019. In December 2019, Lockin and Wyze released a co-branded a smart lock in North America, which was the first smart door lock product in Wyze's history. 5,000 units were sold in 9 hours. In March 2022, the second co-branded product, Wyze Gun Safe, was released on Wyze's website, and was highly rated by consumers and media.
The partnership helps increase the brand awareness of Lockin in North America, and a large number of consumers use home security products with Lockin's cutting-edge technology. In just 8 years since its establishment in 2014, Lockin has been the leader in the Chinese apartment smart lock market and one top brand of consumer smart locks. Business in overseas markets has expanded to 12 countries and regions. Now Lockin is growing fast, planning to launch more products for North American consumers.
Barry Wang, Director of Lockin's international business unit(barry@lockin.com), expressed his thoughts on the future of the North American market, "North America is currently the world's largest smart door lock market, and it will be one of the key markets of Lockin in the next few years." In the future, Lockin will focus on smart security products for North American consumers, especially smart locks, with secure, advanced, and intuitive features. For more information, you can visit lockin.com.
View original content to download multimedia:
SOURCE Lockin
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https://www.whsv.com/prnewswire/2022/04/19/wyze-lockin-launch-new-wyze-lock-bolt-north-america/
| 2022-04-19T23:12:40Z
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...SMALL CRAFT ADVISORY NOW IN EFFECT UNTIL 6 PM HST WEDNESDAY...
* WHAT...Northeast to east winds 25 kt.
* WHERE...Kauai Northwest Waters, Kauai Windward Waters, Kauai
Leeward Waters, Kauai Channel, Oahu Windward Waters, Oahu
Leeward Waters, and Kaiwi Channel.
* WHEN...Until 6 PM HST Wednesday.
* IMPACTS...Conditions will be hazardous to small craft.
PRECAUTIONARY/PREPAREDNESS ACTIONS...
Inexperienced mariners, especially those operating smaller
vessels, should avoid navigating in these conditions.
&&
PAHOA, Hawaii (KITV4) -- Actor Ezra Miller, best known for their role as The Flash in the DC comic book movie series, is in trouble again.
Miller was arrested early Tuesday morning on a complaint of second-degree assault following an incident at a home in Pahoa, according to Hawaii Island Police Department.
Big Island police officers were called out to a reported assault at the home in the Leilani Estates subdivision in lower Puna just after 1 a.m. According to the report, Miller allegedly got angry after being asked to leave the home and threw a chair, striking a 26-year-old woman in the head causing a half-inch cut. The woman refused treatment for the injury.
Miller was arrested around 1:30 a.m. after he was found at the intersection of Highway 130 and Kukula Street in Keaau. Miller was released from jail just after 4 a.m. pending further investigation, police said.
This is the latest incident in a string of legal run-ins for Miller.
In late March, Miller was arrested for disorderly conduct and harassment following an incident at a Big Island karaoke bar. Miller was later accused of bursting into the room of a couple and threatening to kill them before taking some of their personal items.
Matthew has been the digital content manager for KITV4 since September 2021. Matthew is a prolific writer, editor, and self-described "newsie" who's worked in television markets in Oklahoma, California, and Hawaii.
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https://www.kitv.com/news/crime/the-flash-actor-ezra-miller-arrested-for-alleged-assault-hawaii-island-police-say/article_b9d5f082-c01c-11ec-9e00-e7dfcc26b83c.html
| 2022-04-19T23:12:42Z
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SAN DIEGO, April 19, 2022 /PRNewswire/ -- Youngevity International, Inc. (OTCM: YGYI), ("YGYI" or the "Company"), today announced the declaration of its regular monthly dividend of $0.203125 per share of its 9.75% Series D Cumulative Redeemable Perpetual Preferred Stock (OTCM:YGYIP) for April 2022. The dividend will be payable on May 16, 2022, to holders of record as of April 29, 2022. The dividend will be paid in cash.
About Youngevity International, Inc.
Youngevity International, Inc. is a multi-channel lifestyle company operating in three distinct business segments including a commercial coffee enterprise, a commercial hemp enterprise, and a direct marketing enterprise. The Company features a multi country selling network and has assembled a virtual main street of products and services under one corporate entity. The Company offers products from the six top selling retail categories: health/nutrition, home/family, food/beverage (including coffee), spa/beauty, apparel/jewelry, as well as innovative services. For investor information, please visit YGYI.com. Be sure to like Youngevity on Facebook and follow us on Twitter.
Contacts:
Youngevity International, Inc.
Dave Briskie
President and Chief Investment Officer
1 800 982 3189 X6500
Investor Relations
YGYI Investor Relations
investors@ygyi.com
View original content to download multimedia:
SOURCE Youngevity International, Inc.
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https://www.whsv.com/prnewswire/2022/04/19/youngevity-international-inc-announces-declaration-monthly-dividend-april-2022-series-d-cumulative-redeemable-perpetual-preferred-stock/
| 2022-04-19T23:12:47Z
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...SMALL CRAFT ADVISORY NOW IN EFFECT UNTIL 6 PM HST WEDNESDAY...
* WHAT...Northeast to east winds 25 kt.
* WHERE...Kauai Northwest Waters, Kauai Windward Waters, Kauai
Leeward Waters, Kauai Channel, Oahu Windward Waters, Oahu
Leeward Waters, and Kaiwi Channel.
* WHEN...Until 6 PM HST Wednesday.
* IMPACTS...Conditions will be hazardous to small craft.
PRECAUTIONARY/PREPAREDNESS ACTIONS...
Inexperienced mariners, especially those operating smaller
vessels, should avoid navigating in these conditions.
&&
Hawaii voters can now sign up to receive notifications about their ballot through a new service called BallotTrax.
Voters who sign up for the free service can receive information via text message, email or phone call, according to the Hawaii Office of Elections.
The service will let voters know when their ballot has been mailed out, when they’ll be received and where their ballot is in the voting process after it has been mailed back in. Voters will also be notified if there is a problem with their return ballot, officials said.
In addition to setting their preferred method of delivery, voters can also schedule what hours of the day they’d like to be contacted.
“One of the most common questions received by our office during the 2020 Elections was if a voter’s ballot was received,” said Scott Nago, Chief Election Officer.
Voters who opt not to sign up for the notifications will still be able to track their ballot by logging in to hawaii.ballottrax.net.
Mail ballots for the 2022 Elections will be delivered by:
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https://www.kitv.com/news/local/ballottrax-service-launched-in-hawaii-to-keep-voters-informed/article_defbf7de-c02c-11ec-ba12-47d3146ed83b.html
| 2022-04-19T23:12:48Z
|
...SMALL CRAFT ADVISORY NOW IN EFFECT UNTIL 6 PM HST WEDNESDAY...
* WHAT...Northeast to east winds 25 kt.
* WHERE...Kauai Northwest Waters, Kauai Windward Waters, Kauai
Leeward Waters, Kauai Channel, Oahu Windward Waters, Oahu
Leeward Waters, and Kaiwi Channel.
* WHEN...Until 6 PM HST Wednesday.
* IMPACTS...Conditions will be hazardous to small craft.
PRECAUTIONARY/PREPAREDNESS ACTIONS...
Inexperienced mariners, especially those operating smaller
vessels, should avoid navigating in these conditions.
&&
Melissa Wong, a teacher at Yung Wing School P.S. 124 gives a lesson to her masked students in their classroom on September 27, 2021 in New York City. As states roll back masking requirements for students, a new study shows that masks helped cut Covid-19 infections in public K-12 schools that required them in the fall.
HONOLULU (KITV4) -- Coming on the heels of the federal government lifting mask requirements on public transportation, the Hawaii Department of Education (DOE) declared its indoor mask mandate will remain in effect until the end of the 2022 school year.
Detailed in a letter sent to parents and guardians by Interim Superintendent, Keith Hiyashi, students and faculty of K-12 DOE schools will remain masked up until May 27, 2022. That is the last day of formal instruction.
A copy of that letter is included at the bottom of this article.
It comes as Hawaii remains one of the final states in the country to maintain its indoor classroom mandate.
The notification also indicates close contacts no longer need to be reported, and quarantining after in-school exposures will also be also no longer be required.
Summer school sessions are expected to be mask optional. Outdoor graduations will also remain mask optional, in accordance with the DOE's lifting of the outdoor mask mandate back in March.
Erin found her passion in journalism from a young age, watching her dad on the news. He taught her the importance of meeting, learning, and sharing people's stories.
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https://www.kitv.com/news/local/classroom-masking-requirement-to-remain-in-effect-until-schoolyear-ends-hawaii-doe-announces/article_cde4cc32-c009-11ec-9296-c73e3827429b.html
| 2022-04-19T23:12:54Z
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...SMALL CRAFT ADVISORY NOW IN EFFECT UNTIL 6 PM HST WEDNESDAY...
* WHAT...Northeast to east winds 25 kt.
* WHERE...Kauai Northwest Waters, Kauai Windward Waters, Kauai
Leeward Waters, Kauai Channel, Oahu Windward Waters, Oahu
Leeward Waters, and Kaiwi Channel.
* WHEN...Until 6 PM HST Wednesday.
* IMPACTS...Conditions will be hazardous to small craft.
PRECAUTIONARY/PREPAREDNESS ACTIONS...
Inexperienced mariners, especially those operating smaller
vessels, should avoid navigating in these conditions.
&&
Lylia Capati, 74, is considered to be at-risk because she suffers from dementia and may be disoriented and unable to find her way home, HPD said. She was last seen Sunday around 7:30 p.m. at home in Ewa Beach.
The Honolulu Police Department (HPD) and CrimeStoppers announced that Lylia Capati, was located on Monday, April 18, 2022, at approximately 1:45 p.m. in the Ewa Beach area.
She is now safe with her family and friends. Crimestoppers thanks the public for their help in locating Capati.
--
ORIGINAL:
EWA BEACH, Hawaii (KITV4) -- Honolulu Police are searching for a missing woman, last seen Sunday night at her home in Ewa Beach.
Lylia Capati, 74, is considered to be at-risk because she suffers from dementia and may be disoriented and unable to find her way home, HPD said. She was last seen Sunday around 7:30 p.m. at home in Ewa Beach. A specific address was not given.
Lylia is described as being 4’10” tall and weighs approximately 107 pounds. She has black hair, brown eyes, and was wearing a black and brown dress and sandals. Her family and friends tell police they are very concerned for her safety and well-being.
Anyone with information about Lylia’s whereabouts is asked to call CrimeStoppers at 808-955-8300.
Matthew has been the digital content manager for KITV4 since September 2021. Matthew is a prolific writer, editor, and self-described "newsie" who's worked in television markets in Oklahoma, California, and Hawaii.
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https://www.kitv.com/news/local/hpd-find-ewa-beach-woman-with-dementia-missing-since-sunday-night-update/article_21fd55c6-bf4e-11ec-979f-6383c5df2ec2.html
| 2022-04-19T23:13:00Z
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Oreology: The study of the creme-filled cookie sandwich.
Haven't heard of it? Well, you've probably studied it -- experimenting with dunking, twisting and separating to find the best Oreo eating experience.
Whether you prefer the filling intact on one half of the cookie or spread evenly when you open it up, researchers have asked the long-plaguing question: How do you make sure you get the Oreo just the way you want it every time?
"When I was little, I tried twisting wafers to split the cream evenly between wafers so there's some on both halves -- which in my opinion tastes much better than having one wafer with a lot of creme and one with almost none. This was hard to do when I was trying it by hand," said Crystal Owens, lead author of a study published Tuesday in the journal American Institute of Physics and a researcher in mechanical engineering at the Massachusetts Institute of Technology.
So, she bumped it up a notch. Researchers devised an Oreometer, a device designed to split the cookie with a scientifically precise amount of torque (a measure of force used to rotate an object).
The hope was that with the perfect twist, researchers could manipulate the cookie's filling to distribute evenly between the two wafer cookies. Alas, they could not.
"We learned, sadly, that even if you twist an Oreo perfectly, the cream will almost always end up mostly on one of the two wafers, with a delamination of the cream, and there's no easy way to get it to split between wafers," Owens said. For those of us who are not Oreo scientists, delamination is when something splits apart into layers.
If you do manage to separate the cookie evenly, it likely wasn't the result of your delicate, precise work, according to the study. That has more to do with the level of adhesion between the creme and cookie, which is altered by some factor before it gets to your hands.
What that could be is a question for a later study.
"We didn't even begin to answer all of the questions someone could ask about Oreos or cookies, which is why we made our Oreometer, so anyone with access to a 3D printer can make other measurements," Owens said.
Serious science for a silly question
Randy Ewoldt, professor of mechanical engineering at the University of Illinois Urbana-Champaign, was reviewing the study one night when his 11-year-old son peeked over his shoulder.
He knows his dad works in rheology, a branch of physics that studies the flow of matter between liquids and solids, but like most kids, his dad's work doesn't hold his interest for too long. Until he saw the word Oreo on the paper, that is.
"When we talk about the physics of complicated materials, and there are many, the Oreo cookie creme is one that is accessible to many people immediately," Ewoldt said. "To bring people into a much more complicated world, this may serve as an entry way for that."
The study is in Owen's mind every time she has an Oreo, and now she hopes it will get people outside of the field curious as well.
"I hope people can use this information to improve their cookie eating when they twist open an Oreo, or when they dunk it in milk," Owens said. "I hope people can also take inspiration to investigate other puzzles in the kitchen in scientific ways.
"The best scientific research, even at MIT, is driven by curiosity to understand the world around us, when someone sees something weird or unknown and takes the time to think 'I wonder why that happens like that?'"
The-CNN-Wire
™ & © 2022 Cable News Network, Inc., a WarnerMedia Company. All rights reserved.
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https://www.kitv.com/news/national/do-you-split-your-oreo-researchers-at-mit-explain-how-to-make-the-filling-stick/article_3e16e376-cd8a-57bf-9c77-2e24b041a2d1.html
| 2022-04-19T23:13:06Z
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On Jupiter's moon Europa, a saltwater ocean exists deep beneath a thick ice shell. Now, a surprising connection between the ice shell and the Greenland ice sheet on Earth has provided new insight: Europa's ocean may be habitable, according to a new study.
Scientists have been intrigued for more than 20 years by dramatic gashes on Europa's icy surface. These double ridges have crests that can reach almost 1,000 feet (305 meters) high, with wide valleys between them. These features were first imaged by the NASA Galileo spacecraft in the 1990s, but researchers haven't been able to determine how they formed.
While studying the Greenland ice sheet using ice-penetrating radar observations, a team of researchers observed a similar double-ridge feature shaped like the letter M that's like a miniversion of the one on Europa.
A study detailing the findings published Tuesday in the journal Nature Communications.
Water's impact on ice sheet topography
Airborne instruments help researchers study Earth's polar regions to watch changes in ice sheets that could have an effect on the global sea level. These eyes in the sky also look for ponds of surface meltwater, conduits that carry seasonal drainage and subglacial lakes.
"We were working on something totally different related to climate change and its impact on the surface of Greenland when we saw these tiny double ridges -- and we were able to see the ridges go from 'not formed' to 'formed,' " said study senior author Dustin Schroeder, an associate professor of geophysics at Stanford University's School of Earth, Energy & Environmental Sciences, in a statement.
Operation IceBridge -- a NASA mission that collected surface elevation and radar data of the ice sheet between 2015 and 2017 -- revealed that Greenland's double ridge formed after the ice fractured around water that was refreezing inside the ice sheet. The pressure of the water pocket caused the distinct peaks to rise.
This led researchers to question if the same thing would be possible on Europa, where pockets of water could exist beneath the ice shell -- and create potentially habitable environments on the otherwise inhospitable shell of the moon.
"In Greenland, this double ridge formed in a place where water from surface lakes and streams frequently drains into the near-surface and refreezes," said lead study author Riley Culberg, a doctoral student in electrical engineering at Stanford, in a statement.
"One way that similar shallow water pockets could form on Europa might be through water from the subsurface ocean being forced up into the ice shell through fractures -- and that would suggest there could be a reasonable amount of exchange happening inside of the ice shell."
An ever-changing lunar surface
Europa appears to be a dynamic place, where plumes of water rise up through cracks in the ice shell, which is tens of miles thick. And this ice shell could be a place where the subsurface ocean and nutrients mix together.
"Because it's closer to the surface, where you get interesting chemicals from space, other moons and the volcanoes of Io (another moon that orbits Jupiter), there's a possibility that life has a shot if there are pockets of water in the shell," Schroeder said. "If the mechanism we see in Greenland is how these things happen on Europa, it suggests there's water everywhere."
This was the first time that scientists were able to watch something similar happen on Earth and actually observe the subsurface processes that led to the formation of the ridges, Culberg said.
"The mechanism we put forward in this paper would have been almost too audacious and complicated to propose without seeing it happen in Greenland," Schroeder said.
The broad data the team has already collected on Greenland's ice sheet may allow them to use it as an analog for the dynamic processes occurring on Europa in the future as well.
The temperature, chemistry and pressure are different on Europa when compared to Greenland, so the team want to investigate how these water pockets work on Europa.
Europa is a target of two upcoming missions, the European Space Agency's JUICE (short for the Jupiter Icy Moons Explorer) and NASA's Europa Clipper. Clipper will carry ice-penetrating radar, similar to how the researchers studied Greenland, to collect subsurface imaging of Europa's ice shell.
Europa stands out as one of the best candidates for hosting extraterrestrial life in our solar system due to the liquid water in the subsurface ocean and what scientists understand about its chemistry, Culberg said.
The-CNN-Wire
™ & © 2022 Cable News Network, Inc., a WarnerMedia Company. All rights reserved.
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https://www.kitv.com/news/national/jupiters-moon-europa-may-have-a-habitable-ice-shell/article_3fd9e6dd-9271-5fd6-96c7-459fffc8b065.html
| 2022-04-19T23:13:12Z
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Mac Miller: Man sentenced to nearly 11 years in federal prison in rapper’s overdose death
LOS ANGELES (Gray News) - An Arizona man has been sentenced in connection with the fatal overdose of rapper Mac Miller in 2018.
Ryan Michael Reavis, 38, was sentenced Monday to 131 months in federal prison.
Previously, the Justice Department reported Reavis agreed to plead guilty to a federal criminal charge for supplying counterfeit pharmaceutical pills containing fentanyl to a drug dealer accused of selling them to Miller, who suffered a fatal overdose soon after.
Reavis was one of three men charged in October 2019 for distributing the drugs that caused Miller’s death.
According to the Justice Department, Reavis admitted in his plea agreement knowing that the pills contained fentanyl or some other controlled substance.
The 26-year-old rapper Malcolm James McCormick, who recorded and performed under the name Mac Miller, suffered a fatal drug overdose in Los Angeles on September 7, 2018.
Officials said the case investigation was conducted by the High-Intensity Drug Trafficking Areas Opioid Response Team with the assistance of the Los Angeles Police Department.
Copyright 2022 Gray Media Group, Inc. All rights reserved.
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https://www.wvva.com/2022/04/19/mac-miller-man-sentenced-nearly-11-years-federal-prison-rappers-overdose-death/
| 2022-04-19T23:30:03Z
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Moving beyond masks: Biden toils to put pandemic behind him
WASHINGTON (AP) — President Joe Biden’s administration has been working for months to prepare people to rethink their personal risk calculations as the nation gets used to the idea of living with an endemic COVID-19.
But that measured approach disappeared abruptly when a federal judge on Monday threw out the federal requirement to mask up when using mass transit. The ruling added to the urgency of the messaging challenge as the administration tries to move past the virus in the lead-up to midterm elections.
After the government last month eased indoor mask-wearing guidelines for the vast majority of Americans – even in schools — masking on planes was one of the last redoubts of the national COVID-19 restrictions. Now, as the policy falls, the administration turns to accelerating its efforts to provide the best advice for millions making their own personal safety decisions in the still-dangerous pandemic.
It’s both a public health imperative and an important shift in emphasis for Biden’s political future.
“There is an opportunity now, instead of saying this is a disappointing ruling, they could say this is a good time to have a conversation about how we move forward in this pandemic about risk calculation,” said Dr. Amesh Adalja an infectious disease physician and a senior scholar at the Johns Hopkins Center for Health Security.
“With COVID-19, I think we’re at a point with immunity from prior infections, vaccines, home tests and treatments that we can start to manage this the way we manage other infectious diseases,” he said.
Biden himself went all-in on flexibility Tuesday when asked if Americans should mask up on planes.
“That’s up to them,” Biden declared during a visit to Portsmouth, New Hampshire. But his own White House nonetheless continues to require face coverings for those traveling with him on Air Force One, citing guidance from the Centers for Disease Control and Prevention.
The shift toward less formal regulation was actually previewed in a 100-page plan released by the White House coronavirus response team in February. Back then, administration officials had hoped that children under 5 would be eligible for vaccination by now — a move that would have eased the concern of millions of parents and provided the umbrella of protection to nearly everyone in the U.S. who wanted it.
Monday’s court order lifting the mask mandate came at a crossroads in the nation’s pandemic response, just shy of a year to the day from when all American adults were eligible for vaccination against COVID-19. The ruling sent government agencies and the White House scrambling to comply, but that didn’t stop momentary confusion among travelers as airlines and airports dropped their mask requirements — in some cases mid-flight.
The administration stressed that Americans should still comply with CDC recommendations to wear face coverings, even in the absence of the mandate. Biden’s press secretary, Jen Psaki, said as much just an hour before his “up to them” comment.
“The CDC continues to advise and recommend masks on airplanes. We’re abiding by the CDC recommendations, the president is, and we would advise all Americans to do that,” she said.
Psaki on Tuesday indicated that while the administration was disappointed with the ruling, it didn’t rank with Congress’ inability to reach a compromise on additional COVID funding to purchase booster shots and antiviral treatments.
“Those are our biggest concerns,” she said.
Face-covering requirements, which have proven to lower the risks of infection, have grown increasingly political in the U.S. over the last year, particularly as cases and severe outcomes have fallen.
The lingering mandate for public transit and air travel served as a daily reminder for many people that the pandemic they badly wanted to be over was still affecting their lives, even if vaccinations and antiviral treatments had dramatically lowered their risk. For others who are still fearful of the virus, each roll-back of pandemic restrictions has sparked fresh disquiet — and in some cases criticism of the Biden administration.
“There are still a lot of people in this country who still want to have masks in place — either they have immunocompromised relatives, they have kids under 5, whatever it may be,” said Psaki.
Monday’s court ruling hastened an outcome that was likely coming in weeks anyway. Many administration officials believed that last week’s 15-day extension of the mask order to May 3 would be the last. The public health agency had asked for the additional time to monitor whether a recent rise in infections would result in increased hospitalizations or deaths. So far it hasn’t.
The court’s order caught the administration by surprise and left it struggling to grasp its impact — both on the requirement’s end and on CDC’s authorities going forward.
“CDC scientists had asked for 15 days to make a more data-driven durable decision,” Dr. Aashish Jha, the new White House COVID-19 coordinator, tweeted on Tuesday. “We should have given it to them.”
The uptick in cases and a recent spate of positive cases in Biden’s orbit — including second gentleman Doug Emhoff and House Speaker Nancy Pelosi — was a potent reminder that the virus isn’t going away.
Biden, 79, was never identified as a “close contact” under CDC guidelines, the White House said, and officials emphasized that he is strongly protected against the virus by being vaccinated and twice-boosted.
Controlling the virus that has killed 986,000 Americans has been a priority for Biden since taking office. The U.S. now averages about 35,000 confirmed cases per day, down from a high of more than 806,000 during January’s omicron surge, but up slightly from lows of about 26,000 a month ago. Those figures are surely an undercount since many people don’t report the results of at-home tests to public health authorities.
___
AP writer Chris Megerian in Portsmouth, New Hampshire contributed.
Copyright 2022 The Associated Press. All rights reserved.
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https://www.wvva.com/2022/04/19/moving-beyond-masks-biden-toils-put-pandemic-behind-him/
| 2022-04-19T23:30:10Z
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Study: Dementia rates differ based on race, ethnicity
(CNN) - A new study suggests older people of color may face higher rates of dementia than their white counterparts.
The medical journal JAMA published the study Tuesday.
Researchers analyzed the records of nearly 2 million people enrolled in the Veterans Health Administration.
They found significant differences in dementia incidences among those 55 years old or older, based on race and ethnicity.
According to researchers, Hispanic participants were nearly two times more likely to develop dementia compared to white participants.
And Black patients were over 1.5 times more at risk.
They also found higher risks with Asian and other minority participants.
Researchers said clinicians should be aware of the risk factors for dementia within certain groups so they can help control those factors when possible.
Copyright 2022 CNN Newsource. All rights reserved.
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https://www.wvva.com/2022/04/19/study-dementia-rates-differ-based-race-ethnicity/
| 2022-04-19T23:30:20Z
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UPDATE: Suspect killed in officer-involved shooting identified
PRINCETON, W.Va. (WVVA) - WVVA has confirmed the identity of the man who died Sunday evening following a police-involved shooting.
Barry Yearout, 43, of Princeton, W.Va., was transported to Princeton Community Hospital Sunday evening, where he later succumbed to an injury he received in an officer-involved shooting.
Officers responded to North 5th Street Sunday evening, after a neighbor complained that Yearout caused property damage with his ATV. The neighbor told officers where they could find Yearout.
Police say when they attempted to make contact with Yearout, he became highly agitated and aggressive.
The family has confirmed that Yearout lived down the street from the person who made the complaint and they have also mentioned that they have hired a lawyer.
The officers that were involved in the shooting have been placed on administrative leave and the West Virginia State Police are leading the investigation into the events that lead up to the shooting.
The family has set up a GoFundme to help cover funeral expenses.
Copyright 2022 WVVA. All rights reserved.
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https://www.wvva.com/2022/04/19/update-suspected-killed-officer-involved-shooting-identified/
| 2022-04-19T23:30:27Z
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SHERIDAN – Local and statewide snow and water content data warn of continued drought conditions, particularly in the northeastern corner of Wyoming, despite last week’s snowfall.
Conservationists and emergency personnel in Sheridan County are preparing for drought – and its frequent companion, fires – this summer.
The Wyoming State Climate Office and U.S. Department of Agriculture collect snow and water content data in basins throughout Wyoming. District conservationist for the U.S. Department of Agriculture Natural Resource Conservation Service’s local district Andrew Cassiday explained these data can come from snow courses, in which researchers use probes to collect tubes of snow-water in the same location over time, or snotels, rubber bladders that relay snow-water levels via satellite.
On April 1, snowpack snow-water content remained below median levels throughout the Bighorn Mountains, Cassiday said. Tongue River drainage averaged 84% of median snow-water levels, about four-fifths of snow-water levels observed last year, Cassiday’s April 1 snowpack report indicates.
Meanwhile, Clear Creek drainage in the southern Bighorns averaged about 90% of median snow-water levels, about three-quarters of snow-water levels observed last year.
These snow-water levels were not great, but not catastrophic, Cassiday explained; they’re neither significantly better nor worse than past years.
“We’re at a definite in-between,” Cassiday said.
The past week of snow has increased snowpack in many areas of the state – including Sheridan County – but snow-water levels throughout Wyoming remain well below the median, Wyoming State Climate Office Hydrologist Jim Fahey announced in an updated report Friday.
Wyoming’s snow-water content averaged 78% of median, a decrease from 2021 (86% of median) and 2020 (110% of median), Fahey indicated.
As of April 12, the Tongue River basin had reached 91% of median snow-water levels, one of just three basins in Wyoming above 90% of median snow-water levels, Fahey’s report indicates.
Most basins in Wyoming are between 70% and 89% of median levels, including the Powder River basin, which encompasses much of eastern Sheridan, Johnson and Campbell counties and was at 86% of median snow-water levels April 12.
This time in 2021 and 2020, snow-water levels in the Tongue River and Powder River basins were well above 100% of median.
Fahey’s report states the Belle Fourche and Cheyenne River basins in the far eastern part of Wyoming have experienced the lowest snow-water levels in the state this year, at just 61% and 51% of the median, respectively, so far this year.
Especially in Sheridan County, this data has one major caveat, Cassiday said: It offers little indication of climatic realities at elevations below 5,000 feet, where snow remains on the ground for shorter periods. As a result, the data offer limited insight about the status of the eastern two-thirds of the county.
However, Cassiday said eastern Sheridan County remains generally much drier than the county’s drier-than-usual western half.
There is good and bad news heading into the summer heat for Sheridan County residents.
The good news is flooding is unlikely this summer, Cassiday said.
Flooding can damage human homes and infrastructure, Cassiday explained, but it can also wreak havoc on the natural world, causing erosion and carrying pathogen loads into streams and rivers.
Sheridan County Emergency Management Coordinator Jesse Ludikhuize said the county is closely monitoring the possibility of flooding – which would most likely occur in towns on the Tongue River like Dayton and Ranchester as well as other areas near water – but not too concerned about flooding this year, according to the National Weather Service.
Just in case flooding does occur, Ludikhuize said the county has established free sandbag stations throughout Sheridan County, including one at the fairgrounds. Residents are welcome to fill and take home sandbags, Ludikhuize said; all they have to do is bring a shovel.
The bad news about this year’s low snow-water content is drought and the possibility of associated fires.
Rain and snowfall in the next month or two will be essential for rangeland forage growth, Cassiday explained. The amount of water will determine the amount of hillside plant growth for livestock and wildlife to consume. Although less growth would mean less vegetation for potential grass fires, a dry spring will be harmful, particularly in the eastern half of Sheridan County.
“It has been terribly dry there for two summers already, and it looks a lot like it’s not going to change,” Cassiday said.
In response to this drought, officials across Wyoming are getting into “fire season mode,” Ludikhuize said. Cassiday explained dry springs and autumns have extended the local fire season in recent years.
“We’ve seen in the past five or 10 years that we still worry about fire even into September [and] October,” Cassiday said.
In Sheridan County, Ludikhuize said preparing for fire season means establishing an evacuation plan for Story, which is the community in the county at the highest risk of fire. The county has an evacuation plan in place for the town and recently received approval from the Wyoming Department of Transportation to put up signs to indicate evacuation routes.
Ludikhuize recommended county residents assemble emergency preparedness kits, including a week’s worth of supplies for each household resident. Additional fire and other emergency information is available at sheridancounty.com/depts/emergency-management.
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https://www.wyomingnews.com/news/from_the_wire/snow-water-reports-portend-drought-conditions-despite-recent-snowfall/article_04342512-3bdd-5c18-ab1f-7463b9afda8b.html
| 2022-04-20T00:18:02Z
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...RED FLAG WARNING REMAINS IN EFFECT FROM NOON TODAY TO 7 PM MDT
THIS EVENING FOR STRONG WINDS AND LOW HUMIDITY FOR FIRE WEATHER
ZONES 430, 431, 432, 433, 434, 435, 436, AND 437...
...FIRE WEATHER WATCH FOR WEDNESDAY FOR GUSTY WINDS AND LOW
HUMIDITY FWZS 433...435 AND 436...
...RED FLAG WARNING REMAINS IN EFFECT UNTIL 7 PM MDT THIS EVENING
FOR STRONG WINDS AND LOW HUMIDITY FOR FIRE WEATHER ZONES 430,
431, 432, 433, 434, 435, 436, AND 437...
* AFFECTED AREA...Fire weather zones 430, 431, 432, 433, 434,
435, 436 and 437.
* WIND...West to southwest 20 to 30 mph with gusts to 40 mph.
* HUMIDITY...Minimum 10 to 15 percent.
* IMPACTS...Any fires that develop will likely spread rapidly.
Outdoor burning is not recommended.
PRECAUTIONARY/PREPAREDNESS ACTIONS...
A Red Flag Warning means that critical fire weather conditions
are either occurring now, or will shortly. The combination of
strong winds, low relative humidity, and warm temperatures can
contribute to extreme fire behavior.
&&
A newborn. Photo courtesy of Vital Statistics Services, which is part of the Wyoming Department of Health. Captured via screenshot on April 18, 2022.
CHEYENNE – Last year in Wyoming, new parents had a thing for names starting with the letter O.
In 2021, the state has just reported, Olivia remained as Wyoming’s most common name for newborn girls. And "the very similar name of Oliver was the top choice for boys," according to Vital Statistics Services of the Wyoming Department of Health.
Guy Beaudoin, VSS deputy state registrar, noted Monday that “in addition to family traditions, we know many factors can influence the attractiveness of names over time, such as popular movies, television shows or music, or current popular and celebrity culture. Ultimately, parents make the choice that sounds right to them.”
Below is a list of top 10 names for newborns, ranked via an email to the Wyoming Tribune Eagle by a VSS spokesperson.
For girls, the top names are, in order of popularity and starting from No. 1: Olivia, Charlotte, Amelia, Emma, Evelyn, Harper, Sophia, Elizabeth, Ava and Lucy.
For boys, the rankings are: Oliver, Liam, Henry, Lincoln, Owen, Noah, William, Wyatt, James and Jack.
Some of the names were tied when it came to their popularity.
Emma, Evelyn and Harper all were ranked No. 4 among baby girls. Owen, Noah, William and Wyatt all tied for fifth place among boys.
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https://www.wyomingnews.com/news/local_news/olivia-and-oliver-were-the-top-baby-names-in-wyoming-in-2021-state-says/article_b88f6b48-de2d-5608-974f-00eaf3865812.html
| 2022-04-20T00:18:08Z
|
...RED FLAG WARNING REMAINS IN EFFECT FROM NOON TODAY TO 7 PM MDT
THIS EVENING FOR STRONG WINDS AND LOW HUMIDITY FOR FIRE WEATHER
ZONES 430, 431, 432, 433, 434, 435, 436, AND 437...
...FIRE WEATHER WATCH FOR WEDNESDAY FOR GUSTY WINDS AND LOW
HUMIDITY FWZS 433...435 AND 436...
...RED FLAG WARNING REMAINS IN EFFECT UNTIL 7 PM MDT THIS EVENING
FOR STRONG WINDS AND LOW HUMIDITY FOR FIRE WEATHER ZONES 430,
431, 432, 433, 434, 435, 436, AND 437...
* AFFECTED AREA...Fire weather zones 430, 431, 432, 433, 434,
435, 436 and 437.
* WIND...West to southwest 20 to 30 mph with gusts to 40 mph.
* HUMIDITY...Minimum 10 to 15 percent.
* IMPACTS...Any fires that develop will likely spread rapidly.
Outdoor burning is not recommended.
PRECAUTIONARY/PREPAREDNESS ACTIONS...
A Red Flag Warning means that critical fire weather conditions
are either occurring now, or will shortly. The combination of
strong winds, low relative humidity, and warm temperatures can
contribute to extreme fire behavior.
&&
LARAMIE – After a week of commercial flight cancellations, a crucial piece of equipment has been repaired and is operational again at Laramie Regional Airport. In short, the airport is back in business.
Known as an automated surface observation system, the equipment, when functional, helps pilots monitor the weather to ensure safe landing conditions. The cancellations began April 11 after it malfunctioned.
The Federal Aviation Administration requires that the airport use an automated surface observation system or a trained weather observer to facilitate safe commercial flights.
The FAA, which owns the equipment, had contracted with the National Weather Service to fix the broken sensor. While originally all the necessary repair materials were expected to have arrived Friday, the equipment wasn’t fixed until Monday afternoon, said airport Executive Administrator Rachael Mrozinsky.
Prior to the repairs, travelers posted on the airport’s Facebook page expressing frustration with a lack of communication from the airport and United Express and confusion over whether their upcoming flights would be canceled. On Tuesday, United did not have an immediate update on its own operations at Laramie Regional Airport.
Some travelers had opted to change their flights to Cheyenne or Denver and rent a car to make it to and from the airport. The airport itself, in a post to its Facebook page Monday, said that "if you have further questions regarding your commercial airline flight, please call the United Reservations Desk or check the United Airlines App."
“We are thankful for the diligence of the National Weather Service and the FAA for getting this back into service for us and getting commercial flights back on their way in and out of Laramie,” Mrozinsky said in an email Monday afternoon.
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https://www.wyomingnews.com/news/local_news/up-up-and-away-again-laramie-regional-airport-resumes-operations-after-gear-fixed/article_714d17ab-b029-5302-88bd-53d9893b8142.html
| 2022-04-20T00:18:14Z
|
ROCK SPRINGS – Rock Springs resident Terri Nations was hoping the results were a mistake.
“I was diagnosed in February 2011 at the age of 49,” said Nations. “My first thought was ‘this is wrong.’
“Parkinson’s is an old person’s disease.”
Her grandfather had it in 1966.
“All six years of my life around him, I watched him shake and shuffle,” she described. “He was probably about 43 years when he started his journey. At that time, it was called Shaky Palsy.
“I found out that most Parkinson’s patients are not diagnosed until they start showing symptoms.”
She said that Parkinson’s disease is terrifying and life-changing.
“The disease itself comes with quite a few symptoms and problems, which can make even the simplest things seem impossible to do,” she explained. “It is important to stay positive and realize you can still live your life to the fullest after diagnosis.”
Nations continues working as an administrative assistant for the Rock Springs Main Street/Urban Renewal Agency in downtown.
“There are limitations about how much and how long you can maintain your career, depending on your profession and how far the disease has progressed,” she pointed out.
The symptoms of Parkinson’s disease are both internal such as fatigue, sleepiness, difficulty concentrating or multitasking and external such as rigidity, slow movement and tremors.
“Not every person will have every symptom, but it’s best to have a plan for how you’ll handle relevant job tasks that may be affected by your symptoms.”
Nations receive a lot of support online from others who are living with Parkinson’s Disease.
“A lot of people with Parkinson’s feel the weight of not being able to do as much to care for their families as they used to, particularly those who still have children at home,” she said. “It’s important for people with Parkinson’s to understand that even if they can’t do everything they used to, they still have enormous value to their families.”
Parkinson’s affects the movement center of the brain, which means that it will eventually affect motor skills and balance. The severity of this symptom can differ from person to person, making daily tasks and work-related jobs much more difficult.
Some people with Parkinson’s can experience communication difficulties.
“Some days I feel like a 2-year-old trying to explain something,” Nations chuckled. “I know exactly what I want to say, it just gets lost somewhere between my brain and my mouth.”
Parkinson’s Disease can cause anxiety and depression too.
Nations eventually realized that she had to “own the disease.”
“Don’t let it own you,” she suggested. “You can still move forward and make the most of your life.”
She added, “Believe in yourself. You understand the disease and how it impacts you, not just how it impacts the general public.
“Parkinson’s is a symptom of my life out of balance and I can repair the imbalances and recover.”
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https://www.wyomingnews.com/rocketminer/parkinsons-awareness-month-resident-refuses-to-let-disease-take-control/article_9c970c18-49e7-599f-a1af-25b0bc8fd4ff.html
| 2022-04-20T00:18:21Z
|
JACKSON – She is risen.
The day before Easter, Grizzly 399 and her four cubs emerged from the den. On Saturday afternoon, the bear family promenaded down along Pilgrim Creek, made it across the highway to Willow Flats, and forded the Snake River before continuing south as they showed themselves to the public for the first time this spring.
While onlookers reported about 15 to 20 cars in the Pilgrim Creek area when the famous fivesome first emerged, a full entourage of roughly 100 vehicles quickly assembled to tag along for the bears’ stroll.
On Sunday, a smaller group reassembled, following 399’s trail and scrambling to get eyes on her as she emerged near Signal Mountain Lodge.
“They all look pretty healthy,” said Joe Stone, a wildlife photographer who watched 399 and her cubs swim across the Snake River as snow fell Saturday afternoon.
“It was a bit of a relief to see them all out,” he said. “They were running around, stretching their limbs.”
Having successfully raised her cubs along the roadsides of Grand Teton National Park since 2007, Grizzly 399 is one of the most well-known animals in the Greater Yellowstone Ecosystem, if not the most well known.
At 26, she is also relatively old for a grizzly. Bear watchers wondered what condition she and her cubs would be in when they emerged this spring. Some wondered whether 399 would emerge at all.
“I was starting to worry about her,” said Tom Mangelsen, a Jackson Hole wildlife photographer who has followed 399 around the valley for years.
When 399 did emerge, Mangelsen was mollified.
“All five of them look very healthy,” he said.
Grizzly 399’s cubs are now approximately two years old, and wildlife managers expect they will separate from their mother sometime this season.
When that happens, if not before, wildlife managers are concerned about what will happen.
For the past two years, 399 has led her cubs into the valley’s developed southern reaches where they have gotten into livestock feed, garbage and beehives: human-related food sources that can be deadly for grizzlies and other bears.
After receiving food rewards, bears can get used to accessing that food source and become aggressive in trying to reach it, potentially posing a danger to humans. When that happens, wildlife managers consider hazing, relocating or removing bears, either by euthanasia or live placement.
All of those options are on the table for dealing with 399 and her cubs, wildlife managers have said.
To prevent any of those interventions, wildlife officials are putting the onus on people.
They’re asking residents to store garbage in bear-resistant containers; secure livestock feed, pet food, compost and beehives; and hang bird feeders to make them inaccessible to bears.
Teton County will require all of that as part of a recently approved update to its land development regulations. But that update won’t go into effect until July 1. Compliance in the meantime is voluntary but encouraged by local, state and federal wildlife officials.
“We want people to be able to see bears in their natural habitat,” Wyoming Game and Fish Large Carnivore Supervisor Dan Thompson said at an early April press conference. “And with that comes great responsibility, I think. If that gets abused, things can go awry extremely quickly.”
For now, Mangelsen said the path 399 and her cubs are on is fairly “typical.”
He isn’t anticipating her going south of Jackson Hole Airport anytime soon, although he didn’t rule it out for this summer.
“I don’t think there’s any indication that she would head ‘south of town’ at this point,” he said.
But if 399 does head farther south this season, she could once again enter developed areas where she has encountered human foods in the past. There is concern that the young bears have learned that behavior from their mother.
Hilary Cooley, the grizzly bear recovery coordinator from the U.S. Fish and Wildlife Service who was called out to Jackson last fall to manage 399’s time in developed areas, expects conflicts will arise.
“We’re probably going to have to deal with at least one of the cubs in some shape or form,” Cooley previously told the Jackson Hole Daily.
All of that has onlookers like wildlife photographers Tiffany Taxis and Joe Stone concerned about what’s to come.
“I’m more worried about people than I am anything else,” Stone told the Daily. “I’m just hoping our community can do the right thing.”
But, in the meantime, crowds are gathering in Grand Teton National Park to watch 399 as she moves through her traditional home range.
Park officials were not able to respond to a request for comment before press time Sunday because they were in the field managing bear traffic.
But bear watchers were having a ball, albeit in smaller numbers than Saturday.
Jill Hall is among fans keeping an eye on the mother griz. When she spoke with the Daily around 11:30 a.m. on Easter Sunday, Hall said she was headed to church. If it wasn’t for the holiday, she would have had other plans involving 399.
“I’d be up there by now,” she said.
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https://www.wyomingnews.com/townnews/zoology/grizzly-399-cubs-emerge-from-den/article_ecf33217-0c9a-557a-89ed-e7fe67e76a0f.html
| 2022-04-20T00:18:27Z
|
SHERIDAN — Local and statewide snow and water content data warn of continued drought conditions, particularly in the northeastern corner of Wyoming, despite last week’s snowfall.
Conservationists and emergency personnel in Sheridan County are preparing for drought — and its frequent companion, fires — this summer.
The Wyoming State Climate Office and U.S. Department of Agriculture collect snow and water content data in basins throughout Wyoming. District Conservationist for the U.S. Department of Agriculture Natural Resource Conservation Service’s local district Andrew Cassiday explained these data can come from snow courses, in which researchers use probes to collect tubes of snow-water in the same location over time, or snotels, rubber bladders that relay snow-water levels via satellite.
On April 1, snowpack snow-water content remained below median levels throughout the Bighorn Mountains, Cassiday said. Tongue River drainage averaged 84% of median snow-water levels, about four-fifths of snow-water levels observed last year, Cassiday’s April 1 snowpack report indicates.
Meanwhile, Clear Creek drainage in the southern Bighorns averaged about 90% of median snow-water levels, about three-quarters of snow-water levels observed last year.
These snow-water levels were not great but not catastrophic, Cassiday explained; they’re neither significantly better nor worse than past years.
“We’re at a definite in-between,” Cassiday said.
The past week of snow has increased snowpack in many areas of the state — including Sheridan County — but snow-water levels throughout Wyoming remain well below the median, Wyoming State Climate Office Hydrologist Jim Fahey announced in an updated report Friday.
Wyoming’s snow-water content averaged 78% of median, a decrease from 2021 (86% of median) and 2020 (110% of median), Fahey indicated.
As of April 12, the Tongue River basin had reached 91% of median snow-water levels, one of just three basins in Wyoming above 90% of median snow-water levels, Fahey’s report indicates.
Most basins in Wyoming are between 70% and 89% of median levels, including the Powder River basin, which encompasses much of eastern Sheridan, Johnson and Campbell counties and was at 86% of median snow-water levels April 12.
This time in 2021 and 2020, snow-water levels in the Tongue River and Powder River basins were well above 100% of median.
Fahey’s report states the Belle Fourche and Cheyenne River basins in the far eastern part of Wyoming have experienced the lowest snow-water levels in the state this year, at just 61% and 51% of the median, respectively, so far this year.
Especially in Sheridan County, this data has one major caveat, Cassiday said: It offers little indication of climatic realities at elevations below 5,000 feet, where snow remains on the ground for shorter periods. As a result, the data offer limited insight about the status of the eastern two-thirds of the county.
However, Cassiday said eastern Sheridan County remains generally much drier than the county’s drier-than-usual western half.
There is good and bad news heading into the summer heat for Sheridan County residents.
The good news is flooding is unlikely this summer, Cassiday said.
Flooding can damage human homes and infrastructure, Cassiday explained, but it can also wreak havoc on the natural world, causing erosion and carrying pathogen loads into streams and rivers.
Sheridan County Emergency Management Coordinator Jesse Ludikhuize said the county is closely monitoring the possibility of flooding — which would most likely occur in towns on the Tongue River like Dayton and Ranchester as well as other areas near water — but not too concerned about flooding this year, according to the National Weather Service.
Just in case flooding does occur, Ludikhuize said the county has established free sandbag stations throughout Sheridan County, including one at the fairgrounds. Residents are welcome to fill and take home sandbags, Ludikhuize said; all they have to do is bring a shovel.
The bad news about this year’s low snow-water content is drought and the possibility of associated fires.
Rain and snowfall in the next month or two will be essential for rangeland forage growth, Cassiday explained. The amount of water will determine the amount of hillside plant growth for livestock and wildlife to consume. Although less growth would mean less vegetation for potential grass fires, a dry spring will be harmful, particularly in the eastern half of Sheridan County.
“It has been terribly dry there for two summers already, and it looks a lot like it’s not going to change,” Cassiday said.
In response to this drought, officials across Wyoming are getting into “fire season mode,” Ludikhuize said. Cassiday explained dry springs and autumns have extended the local fire season in recent years.
“We’ve seen in the past five or 10 years that we still worry about fire even into September [and] October,” Cassiday said.
In Sheridan County, Ludikhuize said preparing for fire season means establishing an evacuation plan for Story, which is the community in the county at the highest risk of fire. The county has an evacuation plan in place for the town and recently received approval from the Wyoming Department of Transportation to put up signs to indicate evacuation routes.
Ludikhuize recommended county residents assemble emergency preparedness kits, including a week’s worth of supplies for each household resident. Additional fire and other emergency information is available at sheridancounty.com/depts/emergency-management.
This story was posted on April 18, 2022
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https://www.wyomingnews.com/wyomingbusinessreport/industry_news/agribusiness/snow-water-reports-portend-drought-conditions-despite-recent-snowfall/article_fc5ac786-c029-11ec-bbcd-e7850144c829.html
| 2022-04-20T00:18:33Z
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WYOMING -- Many people don’t realize they currently qualify for comprehensive and affordable health insurance and could sign up today. Expanded benefits and cheaper costs can be found by connecting with Enroll Wyoming, a nonprofit that provides free assistance to explore health options.
People may qualify for the Health Insurance Marketplace based on income or recent life-altering experiences like marriage, a new child joining the home, or losing health insurance. This allows Americans to access the Marketplace, where cost savings like tax credits make four out of five health plans as cheap as $50 a month.
People also qualify if their household income is between 100 to 150 percent of federal poverty levels. For example, a four-member family qualifies if its annual income is between $26,500 to $39,750. Find out if you qualify by talking to an Enroll Wyoming Navigator or visiting www.healthcare.gov/screener.
Enroll Wyoming is a grant-funded nonprofit and doesn’t have sales incentives or quotas. The Navigators provide detailed information so families and individuals can make the choices that best benefit their situations.
Connecting with an Enroll Wyoming is as easy as calling 211 and asking for a health insurance Navigator.
This project is supported by the Centers for Medicare and Medicaid Services (CMS) of the U.S. Department of Health and Human Services (HHS) as part of a financial assistance award totaling $1.25 million with 100 percent funded by CMS/HHS. The contents are those of the author(s) and do not necessarily represent the official views of, nor an endorsement, by CMS/HHS, or the U.S. Government.
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https://www.wyomingnews.com/wyomingbusinessreport/industry_news/economy_and_labor/families-may-already-qualify-for-affordable-health-coverage/article_d03a0be4-c029-11ec-b0f9-531aed136099.html
| 2022-04-20T00:18:39Z
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CASPER —The federal government will include one-third fewer Wyoming tracts than anticipated in the first oil and gas lease sale of the Biden presidency — about 28% of the 459 parcels analyzed across the state last fall.
A total of 129 offerings “containing about 131,771 acres of public minerals” will be available for leasing in Wyoming on June 21 and 22, the Bureau of Land Management (BLM) said Monday.
Roughly another 44 parcels will be up for sale in seven other Western states.
The sale, originally scheduled for the first quarter of 2022, was postponed due to a since-reversed court order barring the Biden administration from using its estimate of climate harm to inform decisions about leasing.
It’s now set for the final days of the second quarter — nearly a year and a half after the administration’s announcement that it would suspend new oil and gas leasing on federal lands until the program could be reviewed and reformed.
Comparatively, in 2019, before COVID-19 caused interest in leasing to temporarily plummet, the BLM under the Trump administration included 160 Wyoming parcels in its second-quarter sale notice.
Public comment on the upcoming sale will be accepted through May 18.
Reactions from interest groups to the Biden administration’s announcement Friday that the BLM would resume leasing but reduce the total number of leases substantially ran the gamut from enthusiasm to outrage. The details, released late Monday, didn’t change overall reception much.
To some conservation groups, the decreased number of potential leases and higher royalty rate of 18.75% — the first time in more than a century that the BLM has set the royalty for new leases above the federal minimum of 12.5% — was a victory.
“It’s high time to halt the underpriced giveaway of federal lands and mineral resources and reframe leasing to better serve American taxpayers, state treasuries, public land users, and the millions of citizens suffering accelerating harm from climate change,” Bob LeResche, a Powder River Basin Resource Council board member, said in a statement.
The Wyoming Outdoor Council, Taxpayers for Common Sense and other groups also advocating for a higher royalty rate celebrated the “long-overdue” announcement.
But to the conservation groups that want federal oil and gas leasing to end, the news felt like a betrayal.
“The Biden administration’s claim that it must hold these lease sales is pure fiction and a reckless failure of climate leadership,” Randi Spivak, public lands director at the Center for Biological Diversity, said in a statement. “It’s as if they’re ignoring the horror of firestorms, floods and megadroughts, and accepting climate catastrophes as business as usual.”
The Sierra Club criticized the move, calling it a handout to oil companies.
Jeremy Nichols, climate and energy program director for WildEarth Guardians, said it was “pure climate denial.”
Meanwhile, to an oil and gas industry already angered by the yearlong pause on leasing, the reduction came as yet another blow — one that is, according to Western Energy Alliance president Kathleen Sgamma, “unwarranted.”
In Wyoming, where nearly half of the land and more of the minerals are federally owned, industry is especially nervous about whether, and how significantly, the changes could affect companies’ willingness to drill.
Ryan McConnaughey, director of communications for the Petroleum Association of Wyoming, said reducing the number of available leases and raising the federal royalty rate “is going to put Wyoming in a difficult position.”
This story was published on April 19, 2022.
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https://www.wyomingnews.com/wyomingbusinessreport/industry_news/energy_production/feds-will-include-fewer-wyoming-tracts-in-oil-and-gas-lease-sale/article_dd100436-c029-11ec-b5a4-337c1a055ba8.html
| 2022-04-20T00:18:45Z
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Masks now voluntary on Blue Water Area Transit buses
Blue Water Area Transit will no longer require customers to wear masks on buses following a federal judge in Florida voiding the mandate.
"Masks are now voluntary on our public transit buses and at our facilities," Dave McElroy, general manager of Blue Water Transit said in an email.
U.S. District Judge Kathryn Kimball Mizelle issued the decision Monday, stating the federal mask mandate exceeded the authority of the Centers for Disease Control and Prevention.
- Read more: 'I was happy. I could breathe better': Travelers, crew left confused after mask mandate was lifted
United, American, Southwest, Delta, Alaska and other airlines late Monday said they were dropping their face mask requirement effective immediately.
The mandate was announced in January 2021 and set to expire Monday. The CDC announced last week that it would keep it in place until May 3 to allow more time to study the BA.2 omicron subvariant that is responsible for the majority of cases in the country.
USATODAY contributed to this report.
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https://www.thetimesherald.com/story/news/2022/04/19/masks-now-voluntary-blue-water-transit-buses/7368557001/
| 2022-04-20T00:44:53Z
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Imlay City's Mary Lengemann named to AP All-State first team for girls basketball
Mary Lengemann led the Imlay City girls basketball team on an unprecedented three-year run. Despite all the championships and records, one accolade always seemed to elude her. But not anymore.
The Associated Press revealed its 2021-22 All-State teams for girls basketball earlier this month. Lengemann was a first team selection for Division 2.
"I was very excited," Lengemann said. "I've never been named to any AP All-State teams. It was always an extra motivator the past couples years when the list would come on and I wouldn't see my name on it. To be recognized with that class of players ... it means a lot."
The BWAC MVP averaged 19.0 points, 5.5 rebounds and 3.0 assists per game. She led the Spartans to a 19-4 record as well as BWAC and district championships.
"I really appreciate everybody that voted for me and everything that my teammates, family and coaches have done that've helped me get here," Lengemann said. "(Our team) had great support from our pep band, student section, administration, teachers — the community in general."
Here are all the players that were recognized from the Blue Water Area.
More:The Times Herald's 2022 All-Blue Water Area girls basketball teams
Division 1
Honorable Mention
Julia Gilbert, Port Huron, Senior
Jersey McGregor, Port Huron Northern, Senior
Division 2
First Team All-State
Mary Lengemann, Imlay City, Senior
Honorable Mention
Kaitlyn Cain, Marysville, Senior
Division 3
Honorable Mention
Emmy Bender, Sandusky, Senior
Contact Brenden Welper at bwelper@gannett.com. Follow him on Twitter @BrendenWelper.
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https://www.thetimesherald.com/story/sports/2022/04/19/imlay-city-mary-lengemann-named-ap-all-state-first-team/7357647001/
| 2022-04-20T00:44:59Z
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Port Huron Northern's Tyler Jamison named to AP All-State first team for boys basketball
A season of historic performances solidified Port Huron Northern's Tyler Jamison as the area's top boys basketball player. Now he's officially one of the best in Michigan.
The Associated Press revealed its 2021-22 All-State boys basketball teams earlier this month. Jamison was a first team selection for Division 1.
"It's a cool honor to be first team All-State," Jamison said. "I know a lot of the other players on the list and they're all amazing players. So it's cool to be put in the same (category) as them."
The MAC Blue MVP averaged 29.0 points, 12.3 rebounds, 3.8 assists and 2.4 steals per game. He also led the Huskies to a 15-6 record and a MAC Blue championship.
"By no means am I satisfied," said Jamison, who is only a junior. "But it's super cool. I'm very honored that people view me as a first team All-State player. Hopefully I can build off of that."
Croswell-Lexington and Brown City each had two players receive honorable mentions in Division 2 and Division 3, respectively.
Here are all the players that were recognized from the Blue Water Area.
More:The Times Herald's 2022 All-Blue Water Area boys basketball teams
Division 1
First Team All-State
Tyler Jamison, Port Huron Northern, Junior
Division 2
Honorable Mention
Trey Kolakovich, Croswell-Lexington, Junior
Eli Lohr, St. Clair, Senior
Karl Stevens, Richmond, Sophomore
Jake Townsend, Croswell-Lexington, Senior
Division 3
Honorable Mention
Gaden Muxlow, Brown City, Junior
Curtis Stanley, Brown City, Senior
Division 4
Honorable Mention
Trent Rice, Cardinal Mooney, Junior
Contact Brenden Welper at bwelper@gannett.com. Follow him on Twitter @BrendenWelper.
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https://www.thetimesherald.com/story/sports/2022/04/19/port-huron-northern-tyler-jamison-named-ap-all-state-first-team/7356936001/
| 2022-04-20T00:45:05Z
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Arrest warrant issued for man suspected of whipped cream attacks
GREENVILLE, S.C. (WHNS/Gray News) – Police in South Carolina have identified the suspect of a pie-in-the-face prank as a YouTuber.
The Greenville Police Department said Andre Eugene Moore-Gerald has been charged with third-degree assault and battery.
Police said a woman was pushing her child in a stroller when she was hit in the face with a plate of whipped cream Wednesday. This was just one of multiple incidents in the area.
According to the arrest warrant, they were able to identify him through CCTV footage and his YouTube videos.
In a statement, he apologized for “any inconvenience and confusion” but said he should not face charges because the pies were “just whipped cream.”
He called his actions positive and said that he did not mean any harm.
As of Monday morning, Moore-Gerald has not been taken into custody.
Copyright 2022 WHNS via Gray Media Group, Inc. All rights reserved.
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https://www.whsv.com/2022/04/18/arrest-warrant-issued-man-suspected-whipped-cream-attacks/
| 2022-04-20T00:56:36Z
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Bipartisan group of federal lawmakers advocate for more VA health professionals in rural areas
The RURAL Veterans Act would establish an office of rural recruitment in the Department of Veterans Affairs.
WASHINGTON (Gray DC) - Back from combat and dealing with health problems is a common issue for our nation’s veterans. Some veterans who live in rural areas say where they live is making it more difficult to access and receive Veterans Affairs health care.
Vietnam War Veteran Eric Cantu lives in rural Lenoir County, North Carolina. The nearest VA clinic is about 40 minutes away.
“It’s quite difficult to navigate the VA system as it’s set up, and we have delays anywhere from 60 to 90 days or more before we can get appointments,” said Cantu.
The 76-year-old said he’s being treated for multiple health issues including PTSD and COPD.
“I’m on oxygen 24/7,” said Cantu.
According to the U.S. Department of Veterans Affairs, about 4.7 million veterans return from active service to live in rural areas.
For comparison, 58% of rural veterans are enrolled in the VA health care system that’s 20% higher than the enrollment rate of urban veterans.
Of the rural veterans enrolled, about 55% are older than 65.
Russ Peal is the Director of Workforce Recruitment for Veterans Health and Administration for the VA. Peal said the department engages in an overall push to employ more doctors to treat veterans, but there isn’t a specific program to recruit solely for rural areas.
“We’ve leveraged all the tools and resources we have on our end in aggressive recruitment efforts to attract and get those providers in rural locations,” said Peal.
Rep. Glenn Grothman (R-Wis.) is among a group of lawmakers advocating for the bipartisan RURAL Veterans Act to address what the group calls a shortage of Veterans Administration medical professionals in rural areas.
Grothman talks about the need in his home state.
“I think we can always use more,” he said. “We have a VA center in Cleveland, Wisconsin along with Lake Michigan, and I’m sure they can benefit from this program.”
In a statement, Rep. Ed Case (D-Hawaii) said, “specialty provider shortages in such rural areas are very acutely felt and compound the already-higher rates of poverty.”
If passed, the bipartisan legislation would establish an office of rural recruitment in the Department of Veterans Affairs. The office’s purpose would provide a targeted nationwide plan to recruit VA doctors to rural areas and be required to submit annual reports on the status of VA health care.
Lawmakers advocating for the RURAL Veterans Act hope the Veterans Affairs Committee picks the bill up.
Copyright 2022 Gray DC. All rights reserved.
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https://www.whsv.com/2022/04/18/bipartisan-group-federal-lawmakers-advocate-more-va-health-professionals-rural-areas/
| 2022-04-20T00:56:43Z
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Boston airport terminal evacuated over video game console
Published: Apr. 18, 2022 at 9:13 AM EDT
(CNN) - A video game console briefly disrupted Easter travel at Boston’s Logan International Airport.
On Sunday afternoon, Transportation Security Administration agents screened a checked bag with a potentially suspicious item inside.
As a precaution, some passengers were evacuated from the terminal.
However, after the Massachusetts State Police bomb squad took a closer look, they realized it was a PlayStation video game console that looked a little battered with age.
After that confirmation, things went back to normal at the terminal.
Copyright 2022 CNN Newsource. All rights reserved.
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https://www.whsv.com/2022/04/18/boston-airport-terminal-evacuated-over-video-game-console/
| 2022-04-20T00:56:51Z
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Couple murdered while visiting family in Mexico
MINNEAPOLIS (WCCO) - A Minnesota community is grieving after learning two loving parents were murdered in Mexico.
The deaths of Leticia Carrillo and Miguel Abrego have shaken their family members and friends to the core. The Coon Rapids couple were visiting family in Puerto Escondido, Mexico, in early April when they were murdered.
“This is the first time we’ve been together since we all got the news. We’ve been laughing and telling stories because we were always together all the time, and we were always laughing,” Melissa O’Laughlin said.
A Mexican newspaper reports the couple were shot while they were driving. Family members have been told that Mexican police are investigating, but right now, there are more questions than answers about the deaths.
“That’s where a lot of the anger comes from, not having those answers, not having the information that we need. We don’t have that peace of mind,” said Yazmin Carrillo, the couple’s niece.
Family and friends are devastated, saying Leticia Carrillo and Abrego were “the glue” to their family. The couple leave behind two children: Miguel, a college student, and Diana, who’s graduating high school.
“They were loving people, loving parents and one of the most amazing human beings I’ve ever met,” said Maya Khakural, a close friend of the couple.
A GoFundMe has been set up to help the couple’s children with expenses and their education.
“Our hopes and dreams are for them to continue to go to school, and that’s something their parents would’ve loved to see them accomplish,” Yazmin Carrillo said.
Just as Leticia Carrillo and Abrego were there for their community, involved at school and with volunteering efforts, now their community will be there for them.
“We had amazing, amazing moments that we’re going to carry with us forever,” Khakural said.
Copyright 2022 WCCO via CNN Newsource. All rights reserved.
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https://www.whsv.com/2022/04/18/couple-murdered-while-visiting-family-mexico/
| 2022-04-20T00:56:59Z
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Crews fight weekend fire in McGaheysville, house a total loss
Published: Apr. 18, 2022 at 10:17 AM EDT
MCGAHEYSVILLE, Va. (WHSV) - According to Lt. Todd Spitzer with Rockingham County Fire and Rescue, a fire on Saturday left a home at a total loss.
Crews received a call at about 1 p.m. on Saturday, April 16. When they arrived, flames were showing. It took about an hour to put out the fire.
One adult and one teenager were able to safely escape. No injuries were reported.
Multiple companies responded to the fire, including McGaheysville, the town of Shenandoah, Elkton, Harrisonburg, and Rockingham County Fire and Rescue.
The cause is under investigation.
Copyright 2022 WHSV. All rights reserved.
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https://www.whsv.com/2022/04/18/crews-fight-weekend-fire-mcgaheysville-house-total-loss/
| 2022-04-20T00:57:06Z
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Florida man sets world record after watching ‘Spider-man: No Way Home’ 292 times
Published: Apr. 18, 2022 at 11:40 AM EDT
(CNN) - More people are heading back to the movie theaters, but probably not as much as a man in Florida who spend nearly $3,500 on tickets to see “Spider-man: No Way Home” nearly 300 times.
In the process, Ramiro Alanis broke the world record for most cinema productions attended of the same film.
Alanis ended up spending 720 hours, the equivalent of 30 days, watching the film 292 times in theaters from mid-December to mid-March.
Some days, he watched the movie five times in a row.
To break the record, he was not allowed to nap, use his phone or even go the bathroom.
In 2019, the broke the same record by watching “Avengers: Endgame” 191 times.
Copyright 2022 CNN Newsource. All rights reserved.
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https://www.whsv.com/2022/04/18/florida-man-sets-world-record-after-watching-spider-man-no-way-home-292-times/
| 2022-04-20T00:57:13Z
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Grocery items with the greatest price change in March
(Stacker) - The cost of groceries increased nearly 10% year-over-year and 1% since February, driven largely by a rise in prices of meat, poultry, fish, and eggs, according to Consumer Price Index data from the Bureau of Labor Statistics released Tuesday, April 12. The report was released amid the highest documented inflation in more than four decades.
Economists consider two versions of the CPI data, which measures the change in prices paid by urban consumers for goods and services. The “headline” CPI, which rose 8.5%, includes all prices consumers face from housing and gas to bananas; while “core” CPI, which rose 6.5%, excludes typically volatile food and energy prices. The headline CPI increase came in slightly above the 8.4% increase many economists predicted. Meanwhile, the cost of energy increased by 32%. The BLS measures consumer costs by tracking CPI, which measures price changes, and average prices, which offer estimates of real-world prices for goods and services paid by consumers.
The March report reflects the most severe impacts of the global disruptions in energy and food markets caused by Russia’s invasion of Ukraine. Recent dips in prices of oil per barrel and the leveling off of gasoline per gallon are not reflected in this report.
Inflation, supply chain issues, and seasonal patterns drove changes in grocery prices
The average price of butter grew 11.9% in the last year. Meat has been especially affected by supply chain issues, with 100% meat frankfurters jumping 35.2% since March of 2021 to an average price of $5.18 per pound. Ground chuck, pork chops, and whole chicken showed year-over-year price increases of 11.3%, 15%, and 11.7%, respectively.
Average costs can change due to seasonal availability, inventory changes, and other factors beyond inflation.
Increases in average prices for items like beef and butter are largely tied to farms rebounding from labor shortages and supply chain issues that be traced back to the height of the pandemic when many livestock were culled, staffing was limited, and demand was low due to shutdowns. Higher input costs today for items such as grain and fuel—along with renewed consumer demand—have kept prices high.
Other factors like unfavorable weather and its impacts on crop and fruit yields—and, conversely, ramped-up production during spring and summer months—are also major contributors to average price fluctuations up and down.
Small increases on staple items can add up quickly
Many traditionally low-cost grocery staples were also impacted by inflation and supply chain constraints.
For shoppers buying premium items such as organic, free-range eggs or artisanal bread, the ability to find a cheaper item still exists. But for many consumers relying on little grocery-bill variance, small increases can add up quickly.
Recipients of Supplemental Nutrition Assistance Program benefits, formerly referred to as food stamps, are afforded a monthly food stipend. These stipends are only adjusted annually for inflation and don’t account for monthly price hikes. A rise in cost for even the most bargain items can have significant impacts on vulnerable populations.
Copyright 2022 Stacker via Gray Media Group, Inc. All rights reserved.
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https://www.whsv.com/2022/04/18/grocery-items-with-greatest-price-change-march/
| 2022-04-20T00:57:20Z
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Hip hop pioneer DJ Kay Slay dies of COVID-19 at age 55
NEW YORK (AP) — Pioneering hip hop artist Keith Grayson, who performed as DJ Kay Slay and worked with top stars, has died of complications from COVID-19.
Grayson’s death at age 55 on Sunday was confirmed by his family in a statement released through New York radio station HOT 97, where he hosted “The Drama Hour” for more than two decades.
“A dominant figure in hip hop culture with millions of fans worldwide, DJ Kay Slay will be remembered for his passion and excellence with a legacy that will transcend generations,” the family statement said.
Grayson grew up in Harlem, immersed in New York City’s early hip hop scene. He got his start as a teenage graffiti artist and was featured in the 1983 hip hop documentary “Style Wars.”
He began selling bootleg mixtapes on street corners in the early ‘90s and released his first studio album, “The Streetsweeper, Vol. 1,” in May 2003. Grayson released several more albums and worked with the likes of Nas, Kendrick Lamar, Jadakiss and Busta Rhymes.
“Hot 97 is shocked and saddened by the loss of our beloved DJ Kay Slay,” the station said in a statement.
Copyright 2022 The Associated Press. All rights reserved.
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https://www.whsv.com/2022/04/18/hip-hop-pioneer-dj-kay-slay-dies-covid-19-age-55/
| 2022-04-20T00:57:27Z
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Justices reject states’ appeal over tax deductions cap for state, local taxes
WASHINGTON (AP) — The Supreme Court on Monday rejected a challenge from New York, New Jersey, Connecticut and Maryland to the 2017 tax law that capped federal tax deductions for state and local taxes.
The lawsuit had previously been dismissed by lower courts. It argued that the Republican-led tax law, signed by then-President Donald Trump, unfairly singled out high-tax states in which Democrats predominate.
The law caps a deduction for state and local taxes, known as SALT, at $10,000. The lawsuit claimed that lawmakers crafted the provision to target Democratic states, interfering with the states’ constitutionally granted taxing authority.
Legislation to raise the cap has passed the House of Representatives but not the Senate.
Copyright 2022 The Associated Press. All rights reserved.
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https://www.whsv.com/2022/04/18/justices-reject-states-appeal-over-tax-deductions-cap-state-local-taxes/
| 2022-04-20T00:57:41Z
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Mexican Pizza will return to Taco Bell in May
(Gray News) - It’s official. Taco Bell’s beloved Mexican Pizza is coming back.
After months of rumors about the item’s potential return, Taco Bell has confirmed it will return to the menu in mid-May.
Mexican Pizza fans turned to the internet with petitions and performances to voice their dismay when Taco Bell pulled the item from the menu in 2020.
“Our menu is full of fan-favorites, but the Mexican Pizza is at the top of that list,” said Mark King, CEO of Taco Bell. “…Mexican Pizza has a long history with the brand and I’m glad we could give fans what they crave and bring our classic Mexican Pizza back home where it belongs.”
The Mexican Pizza is made up of two flour shells, layered with beans, pizza sauce, seasoned beef, tomatoes and melted cheese.
Singer Doja Cat, a longtime fan of the menu item and so-called “voice of the Taco Bell people,” was one of the first to confirm the news this past weekend, when she dropped the mic with the news of the Mexican Pizza’s return May 19.
Copyright 2022 Gray Media Group, Inc. All rights reserved.
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https://www.whsv.com/2022/04/18/mexican-pizza-will-return-taco-bell-may/
| 2022-04-20T00:57:48Z
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Officer punches protestor at demonstration in Pennsylvania
WILKINSBURG, Pa. (WDXI) - New video appears to show a police officer in Pennsylvania punching a protester in the face on Saturday.
The protest was a rally for Jim Rogers, a Black man who died after being tased 10 times by police. Five officers lost their jobs following the incident, but three were reinstated under the condition that they must undergo additional training.
“The biggest point we’re trying to make is that we are after criminal charges,” his niece said.
Walking side by side with protesters, the family of Rogers expressed their concerns about police brutality and asked for police accountability.
The small crowd walked several miles with police escort until they reached Wilkinsburg, Pennsylvania.
At that point, protesters say they were met by several police departments.
Police told the crowd to keep it moving or be arrested.
Minutes later, a woman who was part of the protest was punched in the face by an officer.
“Officers punching someone in the face doesn’t seem like a professional, trained response,” said Brandi Fisher with the Alliance for Police Accountability.
Fisher says this is why more police training is needed.
“The footage being shared shows what we do not want to see or experience when our community is expressing its hurt over police sanctioned violence. I have been in touch with the police chief, and our officers’ body cameras were on, which will be used to investigate next steps,” the mayor of Wilkinsburg said in a statement.
Protesters who organized the event say they are standing in solidarity with those who were arrested and harmed.
The mayor of Wilkinsburg says that he plans to keep the public informed about what is happening in regards to this incident.
Copyright 2022 WDXI via CNN Newsource. All rights reserved.
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https://www.whsv.com/2022/04/18/officer-punches-protestor-demonstration-pennsylvania/
| 2022-04-20T00:57:58Z
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Teen fatally shot during cell phone sale, police say
LONG BEACH, Calif. (Gray News) - A suspect is in custody after California police say a 15-year-old was shot multiple times and killed during a meeting to buy a cell phone.
Police identified the victim as 15-year-old Joshua Simmons in a news release. Officers responding to a report of shots fired around 9:30 p.m. Friday found Simmons suffering from multiple gunshot wounds to the upper body. He was pronounced dead at the scene.
Detectives say Simmons had arranged to buy a cell phone from 24-year-old Jose Bustamante Cardenas through an online marketplace app. During the transaction, an altercation led to the fatal shooting, according to police.
Cardenas was initially detained after contacting police and allegedly admitting his involvement in Simmons’ death. He was later booked on a murder charge and is being held on $2 million bail.
The case will be presented to the Los Angeles County District Attorney’s Office later this week, police say.
A GoFundMe set up to cover Simmons’ funeral costs remembers the teen as “a boy who loved his friends and family and… cared deeply for others.”
Simmons was only a week away from his 16th birthday when he was killed, KABC reports.
Copyright 2022 Gray Media Group, Inc. All rights reserved.
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https://www.whsv.com/2022/04/18/teen-fatally-shot-during-cell-phone-sale-police-say/
| 2022-04-20T00:58:05Z
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United Way of Harrisonburg and Rockingham County announces new executive director
HARRISONBURG, Va. (WHSV) - The United Way of Harrisonburg and Rockingham County Board of Directors is pleased to announce Amanda Leech as its new Executive Director.
Leech has served as United Way’s Director of Donor Engagement since 2016. In that role, she was responsible for fundraising, marketing, and major event planning for the organization.
“I am thrilled to take on this role at United Way of Harrisonburg and Rockingham County and am honored to continue my work alongside the incredible staff and board of the organization,” leech said. “I believe so firmly in the approach we take to solving complex community issues and that we can accomplish so much more when we work together. I look forward to building on the strong foundation we have currently with our community partners, volunteers, and donors, and to establishing new relationships and partnerships so we can enhance our work throughout Harrisonburg and Rockingham County.”
Leech’s career in the nonprofit world began at the Charlottesville-Albemarle SPCA where she managed their donor database and community volunteer efforts to increase participation in the organization’s goals.
Before joining the team at United Way, she spent four and a half years at her alma mater, James Madison University in the Office of Alumni Relations working with alumni chapters across the world on recruitment, training, and event execution.
It was during that time that she got her Master’s in Human Resource Development from JMU, officially becoming a “Double Duke.”
“Amanda is passionate about her work and cares deeply for the local community that United Way of Harrisonburg and Rockingham County has served for over 60 years. The Board of Directors is excited to see her step into this role and lead the organization”, said Diane Stamp, president of the United Way of Harrisonburg and Rockingham County Board of Directors. “She brings a depth of community relationships and is an excellent fit to lead this exceptional team.”
She will begin her transition into the Executive Director role immediately.
Copyright 2022 WHSV. All rights reserved.
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https://www.whsv.com/2022/04/18/united-way-harrisonburg-rockingham-county-announces-new-director/
| 2022-04-20T00:58:12Z
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Woman hits, kills granddaughter in driveway on Easter, highway patrol says
Published: Apr. 18, 2022 at 12:04 PM EDT
GROVELAND, Fla. (Gray News) – A 7-year-old girl was killed on Easter after being hit by a van in a driveway.
According to Florida Highway Patrol, a 70-year-old woman was dropping off family members in Florida Sunday afternoon.
Once everyone had gotten out of the van, the woman didn’t see her granddaughter in front of the vehicle and hit her as she went to leave.
The 7-year-old girl was taken to the hospital, where she later died.
The crash is under investigation
Copyright 2022 Gray Media Group, Inc. All rights reserved.
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https://www.whsv.com/2022/04/18/woman-hits-kills-granddaughter-driveway-easter-highway-patrol-says/
| 2022-04-20T00:58:18Z
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Woman’s body found inside bag on New York sidewalk
(Gray News) - A woman’s body was found inside a duffel bag in Queens over the weekend, according to multiple media reports.
A person walking in the Forest Park neighborhood said they noticed blood coming out of the bag left on the sidewalk and called 911 at around 8 a.m. Saturday, WABC reported.
Police said they found the woman’s body in the bag, and emergency responders pronounced her dead at the scene.
Authorities said they followed a blood trail to the woman’s home about a half-mile away, WNBC reported.
The woman’s 13-year-old son was questioned in connection to the discovery and released, and police said they no longer consider him or her husband persons of interest in her death, WCBS reported.
The woman’s husband and 17-year-old son were out of town when the body was found, WCBS said.
No arrests have been made in the case, and the woman’s cause of death is yet to be determined, authorities said.
Copyright 2022 Gray Media Group, Inc. All rights reserved.
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https://www.whsv.com/2022/04/18/womans-body-found-inside-bag-new-york-sidewalk/
| 2022-04-20T00:58:24Z
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WV AG announces $99 million settlement with Janssen Pharmaceuticals
CHARLESTON, W.Va. (WSAZ) - Monday, West Virginia’s Attorney General announced his office has reached a settlement with Janssen Pharmaceuticals that more than doubles the national settlement proposal of $48 million.
AG Morrisey says the settlement is for $99 million settlement.
Janssen Pharmaceuticals, Inc. is an opioid drug manufacturer involved in the ongoing trial in Kanawha County Circuit Court.
According to the settlement, West Virginia – and all its cities and counties – will receive a $99 million lump sum payment, within 45 days of approval by the state’s political subdivisions.
“This settlement will provide significant help to those affected the most by the opioid crisis in West Virginia,” Attorney General Morrisey said. “We are still arguing our case in court involving Teva and Allergan and my office is steadfast in holding everyone in the pharmaceutical supply chain accountable for their actions in causing this scourge in West Virginia.
“I’ve always said that at the end of the day, through our office’s opioid work, West Virginia will have the highest per capita settlement results in the nation fighting for our people,” Attorney General Morrisey said. “It was absolutely the correct decision to proceed to trial and double the amount of relief we can provide to our citizens.”
It is intended for the monies from the settlement to be distributed under the terms of the West Virginia First Memorandum of Understanding. Announced in mid-February, the MOU is an agreement with cities and counties on how future settlement dollars would be used to abate the opioid crisis throughout the state. It contains a comprehensive road map to abate the nuisance caused by the flood of opioids into West Virginia. The state’s counties and cities are in the process of approving the West Virginia First MOU.
The lawsuits, filed separately in 2019 in Boone County Circuit Court, allege the defendants’ concealed misconduct, mischaracterized and failed to disclose the serious risk of addiction, overstated the benefits of chronic opioid therapy and promoted higher dosage amounts without disclosing inherently greater risks. One lawsuit is against the Janssen family of opioid manufacturers, the second lawsuit is against the Teva and Allergan family of companies.
Keep checking the WSAZ app for the latest information.
Copyright 2022 WSAZ. All rights reserved.
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https://www.whsv.com/2022/04/18/wv-ag-announces-99-million-settlement-with-janssen-pharmaceuticals/
| 2022-04-20T00:58:31Z
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WV residents must register by Tuesday to vote in primary
CHARLESTON, W.Va. (AP) — West Virginia residents have until close of business Tuesday to register to vote or update their registration for the May 10 primary.
Secretary of State Mac Warner’s office says it’s especially important for voters who have moved to a different address, changed their name or want to change political party to update registration.
Registration can be completed online at GoVoteWV.com by close of business Tuesday; by mailing a paper application to the county clerk, postmarked by Tuesday; or in person at the offices of the county clerk, secretary of state, Division of Motor Vehicles, pubic assistance, agencies serving people with disabilities and military recruiting agencies.
Copyright 2022 The Associated Press. All rights reserved.
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https://www.whsv.com/2022/04/18/wv-residents-must-register-by-tuesday-vote-primary/
| 2022-04-20T00:58:38Z
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2 men accused of impersonating federal agents indicted by grand jury
WASHINGTON (AP) — Two men accused of impersonating federal agents and offering gifts and free apartments to Secret Service officers have been indicted by a federal grand jury, prosecutors said Tuesday.
Arian Taherzadeh and Haider Ali were indicted in Washington on charges of false impersonation of a federal officer and possessing a large-capacity ammunition device.
The case was thrust into the public spotlight earlier this month when more than a dozen FBI agents raided a luxury apartment building in southwest Washington. Prosecutors said the two had tricked actual Secret Service officers and offered them expensive apartments and gifts in an effort to “ingratiate” themselves and integrate with law enforcement agents, including an agent assigned to protect the first lady.
During the search, authorities found body armor, gas masks, zip ties, handcuffs, equipment to break through doors, drones, radios and police training manuals in five apartments in the building. The two men had surveillance equipment and a high-power telescope, and the FBI found evidence that they may have been creating surveillance devices, prosecutors said. The FBI also found several firearms — including handguns and ammunition — and disassembled rifle pieces and sniper scopes, according to prosecutors.
The agents also found a binder with information on all the residents in the luxury apartment building, which is home to law enforcement officers, defense officials and congressional staffers, prosecutors said.
Prosecutors allege Taherzadeh and Ali had falsely claimed to work for the Department of Homeland Security and work on a special task force investigating gangs and violence connected to the Jan. 6 insurrection at the U.S. Capitol.
Taherzadeh is accused of providing Secret Service officers and agents with rent-free apartments — including a penthouse worth over $40,000 a year — along with iPhones, surveillance systems, a drone, a television, a generator, a gun case and other policing tools, according to court documents. In one instance, Taherzadeh offered to purchase a $2,000 assault rifle for a Secret Service agent who is assigned to protect the first lady, prosecutors said.
The plot unraveled when the U.S. Postal Inspection Service began investigating an assault involving a mail carrier at the apartment building and the men identified themselves as being part of a phony Homeland Security unit they called the U.S. Special Police Investigation Unit.
Taherzadeh’s lawyer, Michelle Peterson, argued that he had no intention of compromising the agents and had provided the luxury apartments and lavish gifts because he wanted to be friends with them.
She said her client had previously been licensed in Washington as an unarmed special police officer – a private guard to protect people or property – and was also a licensed private detective. In an extensive interview with investigators after his arrest, Taherzadeh said he had made “an embarrassing misrepresentation that got out of control.”
Ali’s lawyer, Greg Smith, has argued his client didn’t know Taherzadeh was lying about a connection to Homeland Security and genuinely believed he was working on behalf of the government.
Copyright 2022 The Associated Press. All rights reserved.
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https://www.wvva.com/2022/04/19/2-men-accused-impersonating-federal-agents-indicted-by-grand-jury/
| 2022-04-20T01:01:38Z
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Bonnie’s Bus visits Princeton to provide veterans with free mammograms
Published: Apr. 19, 2022 at 7:28 PM EDT|Updated: 1 hours ago
PRINCETON, W.Va. (WVVA) - The Beckley VA Medical Center has partnered with ‘Bonnie’s Bus’ to bring free mammograms to women veterans. ‘Bonnie’s Bus is a mobile mammography unit that has provided over 25,000 mammograms since the bus was established in 2009.
Sara Yoke from the Beckley VAMC says mammograms can be a potentially life-saving checkup.
Since 2009, bonnie’s bus has detected more than 125 cases of breast cancer.
Copyright 2022 WVVA. All rights reserved.
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https://www.wvva.com/2022/04/19/bonnies-bus-visits-princeton-provide-veterans-with-free-mammograms/
| 2022-04-20T01:01:45Z
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PCH raises awareness for organ donation in flag raising ceremony
Published: Apr. 19, 2022 at 7:53 PM EDT|Updated: 1 hour ago
PRINCETON, W.Va. (WVVA) - The Center for Organ Recovery and Education is raising a flag to help raise awareness about organ donation. The annual ceremony promotes the life-saving gift.
Leading donation organizations report more than 100,000 people across the country are currently awaiting an organ donation. One man in attendance, Wayne Richmond, says the transplant he received allows his donor to live on through him.
April is Organ Donation Awareness Month. The Center for Organ Recovery and Education reports 11,000 suitable organ donors. Die every year.
Copyright 2022 WVVA. All rights reserved.
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https://www.wvva.com/2022/04/19/pch-raises-awareness-organ-donation-flag-raising-ceremony/
| 2022-04-20T01:01:52Z
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Father facing cruelty charges after leaving child in car for 6 hours, police say
BURLINGTON, Vt. (WCAX/Gray News) - A man in Vermont has been arrested after police say he left his child unattended in a car for hours during freezing temperatures.
WCAX reports the Burlington Police Department said Caleb Holden, 28, is facing child cruelty charges after leaving his 4-year-old child for six hours in a parked car.
Police said they were alerted to the situation after the 4-year-old entered a local market Tuesday morning while crying and wearing only shorts, a T-shirt and boots with no socks after he was left alone in a parked car nearby.
Witnesses told police the child looked hypothermic and told them he was looking for his daddy.
Police said Holden tried to get into a rehabilitation center and was taken to a nearby hospital for detoxification that evening. However, he never mentioned his child was in a car during these interactions.
Temperatures dipped into the low 30s in Burlington that night.
Previously, police said Holden was pulled over for speeding on a local highway with a baby in the backseat.
Copyright 2022 WCAX via Gray Media Group, Inc. All rights reserved.
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https://www.wvva.com/2022/04/20/father-facing-cruelty-charges-after-leaving-child-car-6-hours-police-say/
| 2022-04-20T01:01:58Z
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‘The Flash’ star Ezra Miller arrested again in Hawaii
PAHOA, Hawaii (HawaiiNewsNow/Gray News) - Ezra Miller, known for playing “The Flash,” was arrested for second-degree assault early Tuesday following an incident at a Pahoa home, Hawaii County police said.
It’s the latest in a string of negative headlines involving the star.
Hawaii Island police said Miller was taken into custody about 1:30 a.m. Tuesday. Police said Miller allegedly “became irate” when asked to leave an acquaintance’s home and threw a chair at a woman.
The 26-year-old victim reported a half-inch cut to her forehead.
Miller was arrested following a traffic stop. Police said the star was subsequently released pending further investigation.
Miller has played “The Flash” in several movies, but has more recently grabbed attention for alleged erratic behavior. Last month, Miller was arrested after allegedly ripping a microphone out of a woman’s hands and lunging at a man playing darts at a Hilo karaoke bar.
The star, a Vermont resident, is scheduled to be in court Tuesday to enter a plea on harassment and disorderly conduct charges in connection with that case.
Copyright 2022 Hawaii News Now via Gray Media Group, Inc. All rights reserved.
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https://www.wvva.com/2022/04/20/flash-star-ezra-miller-arrested-again-hawaii/
| 2022-04-20T01:02:05Z
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GRAPHIC: Police investigate deadly shooting at Airbnb being used to sell drugs
POLK COUNTY, Fla. (Gray News) – Officials in Florida are seeking to identify a suspect caught on surveillance video related to a shooting that took the life of a 29-year-old man at an Airbnb.
The Polk County Sheriff’s Office posted the video, which shows three men entering the rental property in Davenport, Florida. Two of the men are later seen exiting the building.
Authorities say Xavier Antonio Johnson was shot and killed on April 13 at the property.
He and the other men were trafficking and selling marijuana from the house since they have been renting it as of April 8, according to the sheriff’s office.
Police say the men went inside the house and shot Johnson. The sheriff’s office released video of three men carrying the 28-year-old victim out of the house. After leaving, police say the men took Johnson to the Heart of Florida hospital, where he died. The men in the video were later identified thanks to input from the community.
The sheriff’s office released another video showing a suspect police identified as Justin Jenkins with an unidentified suspect entering and exiting the Airbnb. Police said Jenkins was taken into custody and booked into jail on a warrant for first-degree murder.
Police said they are seeking the public’s help to identify the other man in the video.
If you have any information related to this investigation, the Polk County Sheriff’s Office at 863-298-6200.
Copyright 2022 Gray Media Group, Inc. All rights reserved.
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https://www.wvva.com/2022/04/20/graphic-police-investigate-deadly-shooting-airbnb-being-used-sell-drugs/
| 2022-04-20T01:02:12Z
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2 men accused of impersonating federal agents indicted by grand jury
WASHINGTON (AP) — Two men accused of impersonating federal agents and offering gifts and free apartments to Secret Service officers have been indicted by a federal grand jury, prosecutors said Tuesday.
Arian Taherzadeh and Haider Ali were indicted in Washington on charges of false impersonation of a federal officer and possessing a large-capacity ammunition device.
The case was thrust into the public spotlight earlier this month when more than a dozen FBI agents raided a luxury apartment building in southwest Washington. Prosecutors said the two had tricked actual Secret Service officers and offered them expensive apartments and gifts in an effort to “ingratiate” themselves and integrate with law enforcement agents, including an agent assigned to protect the first lady.
During the search, authorities found body armor, gas masks, zip ties, handcuffs, equipment to break through doors, drones, radios and police training manuals in five apartments in the building. The two men had surveillance equipment and a high-power telescope, and the FBI found evidence that they may have been creating surveillance devices, prosecutors said. The FBI also found several firearms — including handguns and ammunition — and disassembled rifle pieces and sniper scopes, according to prosecutors.
The agents also found a binder with information on all the residents in the luxury apartment building, which is home to law enforcement officers, defense officials and congressional staffers, prosecutors said.
Prosecutors allege Taherzadeh and Ali had falsely claimed to work for the Department of Homeland Security and work on a special task force investigating gangs and violence connected to the Jan. 6 insurrection at the U.S. Capitol.
Taherzadeh is accused of providing Secret Service officers and agents with rent-free apartments — including a penthouse worth over $40,000 a year — along with iPhones, surveillance systems, a drone, a television, a generator, a gun case and other policing tools, according to court documents. In one instance, Taherzadeh offered to purchase a $2,000 assault rifle for a Secret Service agent who is assigned to protect the first lady, prosecutors said.
The plot unraveled when the U.S. Postal Inspection Service began investigating an assault involving a mail carrier at the apartment building and the men identified themselves as being part of a phony Homeland Security unit they called the U.S. Special Police Investigation Unit.
Taherzadeh’s lawyer, Michelle Peterson, argued that he had no intention of compromising the agents and had provided the luxury apartments and lavish gifts because he wanted to be friends with them.
She said her client had previously been licensed in Washington as an unarmed special police officer – a private guard to protect people or property – and was also a licensed private detective. In an extensive interview with investigators after his arrest, Taherzadeh said he had made “an embarrassing misrepresentation that got out of control.”
Ali’s lawyer, Greg Smith, has argued his client didn’t know Taherzadeh was lying about a connection to Homeland Security and genuinely believed he was working on behalf of the government.
Copyright 2022 The Associated Press. All rights reserved.
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https://www.whsv.com/2022/04/19/2-men-accused-impersonating-federal-agents-indicted-by-grand-jury/
| 2022-04-20T01:41:24Z
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Study: Dementia rates differ based on race, ethnicity
(CNN) - A new study suggests older people of color may face higher rates of dementia than their white counterparts.
The medical journal JAMA published the study Tuesday.
Researchers analyzed the records of nearly 2 million people enrolled in the Veterans Health Administration.
They found significant differences in dementia incidences among those 55 years old or older, based on race and ethnicity.
According to researchers, Hispanic participants were nearly two times more likely to develop dementia compared to white participants.
And Black patients were over 1.5 times more at risk.
They also found higher risks with Asian and other minority participants.
Researchers said clinicians should be aware of the risk factors for dementia within certain groups so they can help control those factors when possible.
Copyright 2022 CNN Newsource. All rights reserved.
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https://www.whsv.com/2022/04/19/study-dementia-rates-differ-based-race-ethnicity/
| 2022-04-20T01:41:31Z
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UVA retiring Ryan Zimmerman’s number
Published: Apr. 19, 2022 at 5:08 PM EDT|Updated: 4 hours ago
CHARLOTTESVILLE, Va. (WVIR) - University of Virginia Baseball is retiring Ryan Zimmerman’s number 11.
Zimmerman was an All-American in 2005. He then went on to win a World Series with the Washington Nationals.
Zimmerman will be honored prior to the game against Virginia Tech Saturday, April 30.
Fans in attendance will receive a Ryan Zimmerman jersey T-Shirt, and the first 500 will also take home a Zimmerman bobblehead.
Copyright 2022 WVIR. All rights reserved.
Do you have a story idea? Send us your news tip here.
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https://www.whsv.com/2022/04/19/uva-retiring-ryan-zimmermans-number/
| 2022-04-20T01:41:41Z
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Bridgewater College sees positives with name, image, and likeness program
BRIDGEWATER, Va. (WHSV) - Last year, the NCAA allowed college athletes to get paid for their name, image, and likeness. In Virginia, Governor Glenn Youngkin recently signed a bill into law stating no college or university can prohibit or prevent its athletes from these earnings.
When the NCAA first announced the organization would allow student-athletes to earn off of their name, image, and likeness, Bridgewater College’s athletic department thought this was a good opportunity for division one athletes but didn’t think it would have a big impact on them. However, they quickly learned that they were a big fish in the pond, as well.
“They’re like, ‘Well, we already had athletes reach out’ and we have, you know, teams members that want to run this camp and team members that want to run this activity and how are you going to manage your facility and how are you managing your brand? It was kind of like very early on like, ‘Wow, this is going to impact every level of athletics,” said Heather Grant, associate athletic director at Bridgewater College.
Grant said having these brand deals increases their athlete’s social media presence and at a division three school, this gives them an opportunity to be viewed at a higher level, which they may not have been otherwise.
“Some of our student-athletes have a lot of followers on social media,” Grant said. “It is the way that that generation is engaging with each other and publicly. I mean our coaching staff engages in that space for recruiting. It’s just a really big platform. I think the more energy they put into putting themselves out there, the more they’re going to get seen.”
According to Grant, the school was keen on helping their student-athletes choose the right deals for their image and their futures.
”You know, you kind of have to enter these agreements like you’re a small business owner. How’s this going to impact you financially? How’s this going to impact your taxes? How’s this going to impact your financial aide credit? You get through the state or through the college these are all good questions you need to think about,” Grant said.
Although the schools do not particularly tell the student-athlete if they can or can’t take a brand deal, student-athletes do have to disclose which deals they’re engaging in with the college to ensure they fall in line with its institutional policies.
Copyright 2022 WHSV. All rights reserved.
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https://www.whsv.com/2022/04/20/bridgewater-college-sees-positives-with-name-image-likeness-program/
| 2022-04-20T01:41:47Z
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