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HONLULULU (KITV4) – The deadly shooting in Chinatown on Aug. 19 has some merchants concerned about what they say is an increase in violent crime in the area.
Following the deadly shooting, a makeshift memorial to the 24-year-old victim has been set up.
Vivian Booyah Papalaylay told KITV4 she knew the victim.
“She was a nice person to me she never bothered me and I’m sorry this happened. May God bless her and may she rest in peace,” Papalaylay said.
Businesses in Chinatown say they have seen an increase in violent crime.
“Customers tell them they don’t want to come down because of the crime,” said Chu Lan Shubert-Kwock with the Chinatown Business & Community Association. “This is the escalation of violence that is so unpredictable. And this is what people are nervous about. If you lose your money, you are concerned. But when you lose your life, it’s a very serious matter.”
Ra Long owns Fred’s Sundries. The bus stop where the shooting happened is right in front of his store.
“This is what Chinatown needs, more law enforcement, more crackdown. Sad to say but this place is overrun by crime,” Long said. “Unfortunately, when it is quiet, crime happens more. What Chinatown needs is more foot traffic and more police patrol.”
Long says his outside camera system was cut about 10 days ago. Plus, he says, cameras in the area are being spray painted or getting their wires cut.
"We definitely want to see more police presence. Patrols are good as well. I think we need to have more eyes on the streets. Getting the cameras back would be good,” said President Chinese Chamber of Commerce of Hawaii, Jonathan Cook.
According to the Honolulu Police Department, criminal cases in Chinatown from June through August 2022 are lower, with 437 cases in June compared to 240 cases so far in August.
For homicides, District 1, which includes Chinatown, reported three homicides -- the same number as last year. Police say they haven't received any reports of recent gang related incidents.
Cynthia is an award-winning journalist who returned to Hawaii as an Anchor/Reporter/MMJ from Houston. She is a graduate of the University of Hawaii with a B.A. and M.B.A. DM her on IG @CynthiaYipTV to share stories. | https://www.kitv.com/news/local/citing-a-rise-in-violent-crime-chinatown-business-owners-call-for-a-greater-police-presence/article_c4195ba4-2360-11ed-b0d1-3398afa0acd6.html | 2022-08-24T21:17:18Z |
Honolulu's Cohen Sakamoto (16) jumps on home plate after hitting a solo home run during the second inning of a baseball game against Nolensville, Tenn., at the Little League World Series in South Williamsport, Pa., Wednesday, Aug. 24, 2022. It was Sakamoto's second homer of the game, his first being a grand slam in the first inning. Hawaii won 13-0. (AP Photo/Gene J. Puskar)
Honolulu's Jonnovyn Sniffen delivers during the first inning of a baseball game against Nolensville, Tenn., at the Little League World Series in South Williamsport, Pa., Wednesday, Aug. 24, 2022. (AP Photo/Gene J. Puskar)
Honolulu's Cohen Sakamoto (16) rounds second to congratulations from Nolensville, Tenn.'s Nash Carter (3) after hitting a solo home run during the second inning of a baseball game at the Little League World Series in South Williamsport, Pa., Wednesday, Aug. 24, 2022. It was Sakamoto's second homer of the game, his first being a grand slam in the first inning. Hawaii won 13-0. (AP Photo/Gene J. Puskar)
Honolulu's Cohen Sakamoto hits a solo home run during the second inning of a baseball game against Nolensville, Tenn., at the Little League World Series in South Williamsport, Pa., Wednesday, Aug. 24, 2022. It was Sakamoto's second homer of the game, his first being a grand slam in the first inning. Hawaii won 13-0. (AP Photo/Gene J. Puskar)
Honolulu's Rustan Hiyoto (8) follows through on a RBI single, hitting Nolensville, Tenn. catcher Jack Rhodes, during the third inning of a baseball game at the Little League World Series in South Williamsport, Pa., Wednesday, Aug. 24, 2022. Rhodes left the game, and Hawaii won 13-0. (AP Photo/Gene J. Puskar)
Honolulu's Cohen Sakamoto (16) jumps on home plate after hitting a solo home run during the second inning of a baseball game against Nolensville, Tenn., at the Little League World Series in South Williamsport, Pa., Wednesday, Aug. 24, 2022. It was Sakamoto's second homer of the game, his first being a grand slam in the first inning. Hawaii won 13-0. (AP Photo/Gene J. Puskar)
Gene J. Puskar
Honolulu's Jonnovyn Sniffen delivers during the first inning of a baseball game against Nolensville, Tenn., at the Little League World Series in South Williamsport, Pa., Wednesday, Aug. 24, 2022. (AP Photo/Gene J. Puskar)
Gene J. Puskar
Honolulu's Cohen Sakamoto (16) rounds second to congratulations from Nolensville, Tenn.'s Nash Carter (3) after hitting a solo home run during the second inning of a baseball game at the Little League World Series in South Williamsport, Pa., Wednesday, Aug. 24, 2022. It was Sakamoto's second homer of the game, his first being a grand slam in the first inning. Hawaii won 13-0. (AP Photo/Gene J. Puskar)
Gene J. Puskar
Honolulu's Cohen Sakamoto hits a solo home run during the second inning of a baseball game against Nolensville, Tenn., at the Little League World Series in South Williamsport, Pa., Wednesday, Aug. 24, 2022. It was Sakamoto's second homer of the game, his first being a grand slam in the first inning. Hawaii won 13-0. (AP Photo/Gene J. Puskar)
Gene J. Puskar
Honolulu's Rustan Hiyoto (8) follows through on a RBI single, hitting Nolensville, Tenn. catcher Jack Rhodes, during the third inning of a baseball game at the Little League World Series in South Williamsport, Pa., Wednesday, Aug. 24, 2022. Rhodes left the game, and Hawaii won 13-0. (AP Photo/Gene J. Puskar)
HONOLULU (KITV4) – They’ve done it again! Honolulu Little League crushed the Tennessee Little League team from Nolensville, 13 to 0, in the semifinal game at the Little League World Series in Williamsport, Pennsylvania.
It was the Honolulu’s third run-rule win of the tournament.
The game started just after 9 a.m. HST, and the local boys wasted no time jumping out on top, scoring five runs – including a grand slam – in the bottom of the first and following that up with a two-run blast in the bottom of the second.
After a solo shot homerun, the second inning would end with Honolulu racing out to an 8-0 lead.
The big flies kept coming in the third inning, with Honolulu Little League hitting its fifth homerun of the game -- making the score 9-0. A passed ball and a pair of singles would score four more runs for the home team, giving Hawaii an insurmountable 13-0 lead after three.
The mercy rule went into effect when Tennessee failed to plate a run in the top of the fourth inning.
Honolulu now advances to the US Finals game on Saturday. Their opponent has not yet been determined. The game will be televised on ESPN.
Honolulu shutout the Southwest champs from Pearland, Texas on Monday 6-0. Last week, they beat another Texas team 12-0 in a no-hitter (Aug. 19), and also beat Washington State 11-1 on Aug. 17.
The Little League Baseball World Series goes through Sunday, August 28.
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. | https://www.kitv.com/news/local/home-run-ruled-honolulu-little-league-slams-its-way-to-the-us-finals/article_78d92e9e-23e7-11ed-a702-ab2871fe8cbd.html | 2022-08-24T21:17:24Z |
KAHANA, Hawaii (KITV4) -- Sirens blared from a police vehicle and ambulance passing Kualoa Ranch as two women were rushed from another accident scene on Kamehameha Highway.
The serenity of Kahana Bay was interrupted.
Despite the Nissan being stripped of its door on the driver's side and the truck ending up in a ditch crashed into the tree, everybody survived.
Deployed airbags were visible. Witnesses said they expected the worst.
"Turned around to see the one flying in the tree. It hit hard. I thought in a bad way. Pretty lucky nobody got killed in that one," a local named Jeff told KITV4.
He says in the morning, even in a 35 mile per hour zone, drivers are especially impatient, and go well over the speed limit to pass.
With Monday's wreck near Malaekahana and Gunstock ranch, Honolulu Police (HPD) is investigating the case as manslaughter, due to suspected reckless driving.
The suspect behind the wheel of the truck, who witnesses say was passing multiple vehicles, has not yet been arrested or charged as he was rushed to a trauma center.
A family from the mainland is devastated with two deceased and a 30-year-old woman in critical condition. She is the only surviving family member who was in the wreck.
Do you have a story idea? Email news tips to news@kitv.com
Jeremy Lee joined KITV after over a decade & a half in broadcast news from coast to coast on the mainland. Jeremy most recently traveled the country documenting protests & civil unrest. | https://www.kitv.com/news/local/kamehameha-highway-on-oahus-north-shore-sees-second-serious-crash-in-as-many-days/article_4061341e-238b-11ed-abbc-e7ba7de82132.html | 2022-08-24T21:17:31Z |
Birchwood Mall store hosting formal clothing giveaway for teens
A local business owner wants to ensure teenagers returning to school this year will be able to make special memories during future dances.
Mostly Michigan Moments and Merch will be hosting a formal clothing giveaway in the Birchwood Mall over Labor Day weekend.
In addition to the clothing, people will be able to enter into raffles for free dinners, photo sessions and hair appointments for future dances. The giveaway will take place from 11 a.m. to 8 p.m. on September 3 and noon to 6 p.m. on September 4. Chellee Matthews, owner of Mostly Michigan Merch and More, said she created the event to give back the community.
“I just wanted to help ease the tension on families because everything is so expensive, and to come up with the cost of a dress or suit is sometimes insane,” Matthews said.
There is no income requirement to participate in the event.
She has received more than 300 dresses and 150 suits donated from the community. Joy’s Bridal Boutique also donated 20 dresses. Sizes ranging from 00 to size 24 are available at the giveaway. Cash donations will be given out to those who are unable to find their size.
“If we can’t accommodate something that they would need then that money has been donated to go towards that,” Matthews said.
Matthews said was worried she would not have room in her store to hold all of the clothing. Birchwood Mall has given her access to the old CJ Banks storefront to use for the giveaway.
Matthews said she also noticed how the past couple of years have not been kind to teenagers as many events were cancelled due to the pandemic. She said they deserve to make some good memories.
“Over these last years, these kids have lost all their dances and their memories,” Matthews said. “This year, they get to have them back, so they should get to enjoy it.”
Matthews wants to make the giveaway an annual event. She said she is excited to see people find their dream dance outfit. Additionally, she said she is proud to have received so much support from the community to do the giveaway.
“I am in awe and just amazed with the community,” Matthews said.
Matthews said she is still accepting gift card donations for the raffle until the day of the event. Businesses interested in donating gift cards can contact Mostly Michigan Merch and More at (810) 357-8250.
Contact McKenna Golat at mgolat@gannett.com or (810) 292-0122. | https://www.thetimesherald.com/story/news/2022/08/24/formal-attire-giveaway-to-take-place-in-birchwood-mall/65416613007/ | 2022-08-24T21:17:34Z |
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Resignation creates open position for Marysville school board
A seat on the Marysville Public Schools Board of Education is open following the resignation of Dave Watson.
The Marysville Board of Education announced the vacancy on Wednesday. Watson, the board treasurer, presented his letter of resignation to the Marysville Board of Education during its Aug. 18 meeting. He is currently running for Marysville City Council, and he felt that his campaign was distracting him from his school board duties.
“I thought it would be a good time to resign so I can focus on the campaign season coming up," he said.
Watson was on the Marysville school board for 12 years.
Watson said he is running for city council because he wants to serve the Marysville community in a different capacity.
Watson, Mike Deising and incumbents Dave Barber and Dan Shirkey are running for three openings on council in the November election. Greg Badley is not running for re-election.
The Marysville school board has until Sept. 18 to fill the position. Superintendent Shawn Wightman said if the board does not fill the seat before the deadline, then the St. Clair County RESA will appoint someone instead.
“That’s why it’s important for school boards to find somebody, otherwise somebody else will tell you who it will be,” he said.
Candidates for the school board must be at least 18 years old, be a resident of the Marysville school district, a registered voter in the school district and a resident of Michigan for at least 30 days.
Interested candidates must submit a letter of interest to Board President David Schmorrow at DSchmorrow@MarysvilleSchools.us. Applicants have until 3 p.m. Sept. 6.
Contact McKenna Golat at mgolat@gannett.com or (810) 292-0122. | https://www.thetimesherald.com/story/news/2022/08/24/marysville-board-of-education-has-open-seat-following-resignation/65418024007/ | 2022-08-24T21:17:40Z |
East China man wins travel sweepstakes from Gannett
Glenn Gulette of East China Township won Gannett's national Travel, Explore, Discover Sweepstakes.
Gulette heard about the Travel, Explore, Discover Sweepstakes when the contest information was posted to the Times Herald website. Gulette said he didn’t need to submit anything except his name and address into the contest. He said the only requirement he saw was he needed to be a subscriber to a Gannett paper. Gannett is the Times Herald's parent company.
Gulette said he was surprised to find out he had won the contest.
“It was actually kind of shocking,” he said. “With these national contests, you don’t really expect to win. You just submit your name and hope for the best.”
The prize is worth $4,000 to be put towards travel expenses.
"I'm excited that someone from out community won a national prize," said Lori Gougon, regional advertising director and market leader for the Times Herald.
Gulette said he plans to put the money towards a couple of trips this year. On Wednesday, he will be traveling to Nashville for a timeshare party weekend. In the winter, he plans to take a trip to Florida.
“I like to travel around, so I’ll use the money here and there as I go,” Gulette said.
The latest contest from Gannett is the Summer of 2022 Travel Beauty Bundle Giveaway. The winner of the giveaway will receive three-piece Travelers Club Sky luggage set and products from LYS Beauty. Winners will be chosen at random 14 days after the sweepstakes ends. The contest ends at 11:59 p.m. on August 31.
Contact McKenna Golat at mgolat@gannett.com or (810) 292-0122. | https://www.thetimesherald.com/story/news/2022/08/24/travel-explore-discover-sweepstakes-winner-chosen/65416405007/ | 2022-08-24T21:17:46Z |
Blue Water Area football: Weekly picks return as 2022 season begins
It's time to resurrect a Times Herald tradition. The weekly high school football picks are back.
I'll give my predictions for five games in the Blue Water Area every week. Some changes may be made throughout the season, but I'll stick with this basic format.
Here are my picks for Week 1:
Almont at Marysville, 7 p.m. Thursday
Experience should play a factor here. Almont is coming off a 6-5 season but lost 14 players to graduation. Marysville was 3-6 in 2021 but currently has 25 seniors on the roster.
It would appear these two teams are heading in different directions. But all bets are off in the opening week, especially between non-conference opponents.
There are plenty of new faces on the Raiders' offense. Running back Matthew Measel is not one of them. Almont coach James Leusby said in an email that the senior is "electric with the ball in his hands." The Raiders expect him to be a threat in their running and passing games.
Measel's presence should bode well for new quarterback Trenton Kruse, who played cornerback last season.
That duo will be an interesting test for a young Vikings defense. While Marysville is led by senior linebacker Braden Turner (four interceptions in 2021), its secondary will have three first-year varsity players.
With all the unknowns, this one is a toss-up.
The pick: Marysville
Croswell-Lexington at Saginaw Swan Valley, 7 p.m. Thursday
The Gavin Espinoza era begins at Cros-Lex. He takes over as quarterback for an offense that totaled 4,399 yards last season.
Expectations are high for Espinoza, who has shown promise all summer. He'll be joined in the backfield by junior running back Gabriel Groppi, who ran for 824 yards and 14 touchdowns in 2021. The new-look offense will debut against Saginaw Swan Valley.
"They always seem to be one of the better teams in the Saginaw area," Cros-Lex coach Mike LeGrow said. "We want to give ourselves an excellent challenge before the (conference schedule) starts."
He expects a formidable rushing attack from the Vikings, who have long been known for their ground game. That'll give the Pioneers' defense an opportunity to showcase its speed.
"It's the fastest defense I've ever seen for a team that I've been associated with," LeGrow said. "And I've been coaching for 10 years now."
Added LeGrow: "We're ready to go. Just trying to get the finishing touches in. The kids are ready to go and hit somebody in a different colored jersey for once."
The pick: Cros-Lex
St. Clair at Richmond, 7 p.m. Thursday
The Saints and Blue Devils have, arguably, the best non-conference rivalry in the area. Last season, both the boys basketball and baseball teams met in the district final for each sport. While the stakes won't be as high on the football field, it's always a battle between these schools.
A pair of sophomore quarterbacks headline each offense. Richmond's Anthony Bonnetti enters his second year under center. St. Clair's Peyton Ellis will make his first career start.
But this game will likely be won on the other side of the ball.
Blue Devils' coach Sean Misko said his team will be "leaning on" its defense for the first few weeks. That group is led by outside linebacker Blake Esselink and defensive end Kyle Bartolomucci.
The Saints have six returning starters on defense, including cornerback Logan Ellis, nose guard Trevor Greig and defensive tackle William Schroeder. Logan Ellis was responsible for four of St. Clair's 16 interceptions in 2021.
Having said all that, I'll give Richmond the edge with a more-experienced quarterback playing on his home field.
The pick: Richmond
St. Clair Shores Lake Shore at Port Huron Northern, 7 p.m. Thursday
In last year's meeting against Lake Shore, the Huskies held on for a 7-0 victory at home. They'll host the Shorians again this week. But don't expect the final score to be as close.
Much of Northern's offense is returning with more experience under its belt. Quarterback Dylan Bloink (807 yards, eight touchdowns last season) is now a senior. Running back Hayden Prone is also a senior, as are three top receivers in Kanye Cole, Jacob Kerrigan and Max Williams.
Star defensive end Luke Fletcher is also entering his final year. He had 48 tackles and 9.5 sacks in 2021. Fellow senior, Alex Armstrong, returns at middle linebacker.
Simply put, the Huskies' core has matured and should pick up where it left off last November.
Lake Shore will be better than its 2-7 finish in 2021. But that won't be enough to stop Northern's playmakers.
The pick: Port Huron Northern
Armada at Marine City, 7 p.m. Friday
The Tigers boast two dangerous playmakers in running backs in Kyle Coenen and Vinny Fodale, both of which are back for their senior year.
Coenen ran for 1,458 yards and 15 touchdowns last season, while Fodale had 536 rushing yards and eight touchdown. The helped the Tigers outscore opponents 300-137 in 2021.
However, Marine City outscored its opponents 576-149 last season. Normally, one would expect a regression this year. But not for the Mariners. They bring back quarterback (Jeffrey Heaslip) as well their leading rusher (Zach Tetler) and receiver (Anthony Ruffino).
Let's run the numbers. Heaslip threw for 1,555 yards and 17 touchdowns. Tetler ran for 1,372 yards and 27 touchdowns. Ruffino had 23 receptions for 325 yards and three scores.
That's why it's hard to bet against Marine City. Especially at East China Stadium, where the Mariners haven't lost since Nov. 8, 2019.
The pick: Marine City
Contact Brenden Welper at bwelper@gannett.com. Follow him on Twitter @BrendenWelper. | https://www.thetimesherald.com/story/sports/2022/08/24/blue-water-area-football-weekly-picks-return-2022-season-begins/65416561007/ | 2022-08-24T21:17:52Z |
There has been very little diplomacy during the course of the war in Ukraine. Russia and Ukraine are seeking battlefield advantage before negotiating.
Copyright 2022 NPR
There has been very little diplomacy during the course of the war in Ukraine. Russia and Ukraine are seeking battlefield advantage before negotiating.
Copyright 2022 NPR | https://www.keranews.org/2022-08-24/6-months-into-the-war-in-ukraine-diplomats-havent-made-much-headway-on-peace-talks | 2022-08-24T21:20:43Z |
Updated August 24, 2022 at 1:39 PM ET
On Wednesday, President Biden announced a sweeping effort to forgive up to $20,000 of federal student loan debt for Pell Grant recipients, and up to $10,000 for other qualifying borrowers. Biden also extended the federal student loan payment pause through Dec. 31.
"In keeping with my campaign promise, my Administration is announcing a plan to give working and middle class families breathing room as they prepare to resume federal student loan payments in January 2023," Biden said in a tweet on Wednesday.
U.S. Secretary of Education Miguel Cardona said in a statement, "Today, we're delivering targeted relief that will help ensure borrowers are not placed in a worse position financially because of the pandemic, and restore trust in a system that should be creating opportunity, not a debt trap."
To qualify for the $10,000 forgiveness, individual borrowers must earn less than $125,000 a year, or less than $250,000 a year for couples. To qualify for the $20,000 forgiveness, borrowers must meet those income requirements and must have received a Pell Grant in college. Pell Grants are designed to help low-income students pay for higher education.
On Wednesday, President Biden announced a sweeping effort to forgive up to $20,000 of federal student loan debt for Pell Grant recipients, and up to $10,000 for other qualifying borrowers. https://t.co/ohtRZkni81 pic.twitter.com/yE5p4IZ7Hn
— NPR (@NPR) August 24, 2022
The Department of Education estimates that, among borrowers who are no longer in school, nearly 90% of relief dollars will go to those earning less than $75,000 a year.
About 43 million borrowers will benefit, and 20 million will have their debt completely canceled, according to a senior administration official. The White House said more than 60% of current federal student loan borrowers also received Pell Grants.
According to the White House, Parent PLUS loans will also qualify for cancellation under the new policy.
In order to benefit, though, most borrowers will have to submit an application to verify their income. The Education Department said nearly 8 million borrowers already have income information on file, and should qualify to have their debts canceled automatically. The department will announce further details on how borrowers can claim this relief in the weeks ahead.
Some borrowers are celebrating, others hoped for more
Many borrowers are celebrating Biden's announcement: Giselle Parks of Orlando, Fla., expects to have her $5,000 in student loan debt completely erased.
"Holy cow," she said. "Holy cow... I need to tell my family immediately!"
Trianna Downing in D.C. said she was in shock. "I can't even process it yet... At first I was, like, dancing, and then I was like, wait, should I log into my account and see if it actually happened?"
Downing expects her debts to drop from $16,000 to $6,000.
"This is going to change and save lives," tweeted Rep. Ayanna Pressley of Massachusetts, who has long advocated for student loan forgiveness.
Sen. Elizabeth Warren, also of Massachusetts, highlighted the ways Biden's plan could help address racial inequalities: "Because Black Americans borrow more money to go to school, borrow more money in school and have a harder time paying their debt off after school, the President's action will also help narrow the racial wealth gap in the United States among borrowers."
According to a 2016 Brookings analysis, "The moment they earn their bachelor's degrees, black college graduates owe $7,400 more on average than their white peers... Differences in interest accrual and graduate school borrowing lead to black graduates holding nearly $53,000 in student loan debt four years after graduation — almost twice as much as their white counterparts."
Some higher-debt borrowers were left disappointed by Wednesday's announcement, especially after a group of House and Senate Democrats, including Pressley and Warren, had called on Biden to cancel $50,000 in federal student debt.
"It's hard to be excited about it," says Briana Ford of Columbia, S.C. She's a Black borrower who owes almost $60,000 in student loans.
"I wouldn't give it back, but it's hard to be excited about it."
Republicans aren't too excited either. They've long argued against broad-based loan forgiveness.
"This is a slap in the face to those who never went to college, as well as borrowers who upheld their responsibility to taxpayers and paid back their loans," said Rep. Virginia Foxx of North Carolina, the top Republican on the House Education Committee, in a Tuesday night statement.
Many economists and higher education experts also opposed the move, arguing that widespread debt cancellation would do nothing to fix the rising costs of college.
In a May analysis, the Committee for a Responsible Federal Budget estimated a policy like the one Biden announced would cost at least $230 billion, and warned that even income limits "would do almost nothing to alleviate the central issues with the policy, namely that it is regressive, inflationary, expensive, and would likely do more to increase the cost of higher education going forward than to reduce it."
Can a President even do this without the support of Congress?
This question has been at the heart of the debt cancellation debate for several years now. After all, any move that essentially requires the government to spend money (or lose it) generally has to go through Congress. Right?
Perhaps anticipating legal pushback, the Biden administration published its legal reasoning in a memorandum at the same time it announced the debt cancellation package.
The memo says The HEROES Act, first enacted after the September 11 attacks, gives the Education Secretary the power to grant relief from student loan requirements during specific periods, think: wartime or a national emergency.
As such, the memo argues, "in present circumstances, this authority could be used to effectuate a program of categorical debt cancellation directed at addressing the financial harms caused by the COVID-19 pandemic."
The administration made a similar argument in justifying its renovation of the troubled Public Service Loan Forgiveness program.
That said, it's possible, perhaps likely, the move will be challenged in court.
Will it make inflation worse?
Experts have expressed concern that broad-based student loan forgiveness would exacerbate inflation, which is already one of Biden's greatest political weaknesses heading into this fall's midterm elections.
"Student loan debt relief is spending that raises demand and increases inflation," tweeted former U.S. Treasury Secretary Lawrence Summers earlier this week.
"It consumes resources that could be better used helping those who did not, for whatever reason, have the chance to attend college. It will also tend to be inflationary by raising tuitions."
Summers' opposition stirred considerable dissent.
"You have to tell a pretty bizarre story about expectations in order for loan forgiveness to boost inflation," responded Susan Dynarski, an economist and professor at the Harvard Graduate School of Education.
"No one has been making student loan payments for two years. Forgiveness will *not* increase cash flow to borrowers right now. That increase in available cash happened *2 years ago* when payments were suspended."
Borrowers have been waiting years for loan forgiveness
The loan forgiveness announcement comes more than two years after then-presidential candidate Joe Biden pledged to cancel at least $10,000 in federal student loans. The pledge has followed the administration since. Wednesday's move comes after several extensions to the student loan moratorium, and attempts by some Democrats to expand forgiveness from the original plan to $50,000.
In June, an NPR/Ipsos poll found a majority of the general public (55%) supported forgiving up to $10,000 of a person's federal student loan debt. But the more generous the relief, the more that support narrowed. Forty-seven percent of all respondents said they supported forgiving up to $50,000 in debt, while 41% expressed support for wiping the slate completely clean for all borrowers.
Support for debt relief was, not surprisingly, higher among borrowers themselves. But when asked to choose between debt forgiveness and addressing the high cost of college, an overwhelming majority — borrowers and non-borrowers alike — said addressing the rising cost of college was most important.
Copyright 2022 NPR. To see more, visit https://www.npr.org. | https://www.keranews.org/2022-08-24/biden-is-canceling-up-to-10k-in-student-loans-20k-for-pell-grant-recipients | 2022-08-24T21:20:49Z |
NPR's Ari Shapiro talks with Regina Fuentes, Columbus Education Association spokesperson, about the teacher's strike over failed contract negotiations between the teacher's union and the school board.
Copyright 2022 NPR
NPR's Ari Shapiro talks with Regina Fuentes, Columbus Education Association spokesperson, about the teacher's strike over failed contract negotiations between the teacher's union and the school board.
Copyright 2022 NPR | https://www.keranews.org/2022-08-24/classrooms-in-columbus-ohio-are-empty-on-1st-day-back-as-teachers-strike | 2022-08-24T21:20:56Z |
New research documents what many have long believed: that heat can lead to extreme violence in prisons. Some now want cooling zones or air conditioning installed to help staff and those incarcerated.
Copyright 2022 NPR
New research documents what many have long believed: that heat can lead to extreme violence in prisons. Some now want cooling zones or air conditioning installed to help staff and those incarcerated.
Copyright 2022 NPR | https://www.keranews.org/2022-08-24/could-air-conditioning-help-prevent-extreme-violence-in-prisons-research-suggests-so | 2022-08-24T21:21:02Z |
NPR's Mary Louise Kelly speaks with Secretary of Education Miguel Cardona about the Biden administration's plan to forgive up to $20,000 in student loan debt for some borrowers.
Copyright 2022 NPR
NPR's Mary Louise Kelly speaks with Secretary of Education Miguel Cardona about the Biden administration's plan to forgive up to $20,000 in student loan debt for some borrowers.
Copyright 2022 NPR | https://www.keranews.org/2022-08-24/education-secretary-cardona-explains-bidens-student-loan-forgiveness-plan | 2022-08-24T21:21:08Z |
For dissident writers fleeing persecution overseas, the United States has long been a safe haven, a place where freedom of expression is tolerated and, even, valued.
That suddenly changed earlier this month, with the brutal attack on author Salman Rushdie at a speaking event in western New York.
"Oh my God! When I heard that, I was screaming," said Masih Alinejad, a writer and activist who has criticized the Iranian government. "I was just running corner to corner in my safe house and shouting and just calling my husband, 'I cannot believe this is happening in America, in New York.''
While literary writers in the U.S. increasingly face online threats, they rarely metastasize into actual physical attacks, said Karin Deutsche Karlekar, who directs the Writers at Risk program at PEN America. Authors routinely make public appearances with little or no security.
Such was the case with Rushdie. The India-born writer became the target of a Fatwa by Iran's Ayatollah Khomeini in the late 1980s, over his depiction of the Prophet Muhammed in his book The Satanic Verses, and was forced into hiding.
He ultimately emerged and moved to New York. Over time, he began making personal appearances and, in the process, turned into an eloquent proponent of the right to free speech.
"Many of us who joined this field grew up being sort of galvanized by his case and what had happened to him," Karlekar said. "And in the decades, since he has really been this sort of stalwart defender of free expression for other writers at risk."
By this year, the dangers he faced appeared to have faded. Then, on Aug. 12, as Rushdie was about to begin a lecture at the Chautauqua Institution, a man rushed the stage and stabbed him repeatedly. The 75-year-old writer was severely injured but is expected to survive.
Police arrested 24-year-old Hadi Matar of Fairview, New Jersey, who is said to have pro-Iran sympathies.
The viciousness of the attack is forcing speaking venues that regularly host writers to rethink their security procedures, according to an official of one organization that often sponsors lectures.
But "unless you want to make every event like going to the airport," it's difficult if not impossible to completely eliminate risk, said the official, who was not authorized to speak publicly.
As a result, dissident writers who had come to feel safe in the United States are questioning that assumption.
Osama Alomar, a Syrian poet who has criticized his government and was forced to flee into exile, lives in a house sponsored by a U.S. human-rights group, where he has felt safe. After the Rushdie attack, he's not as sure.
"I used to say it when I was in Syria that I'm worried about freedom of speech in Syria. Now I'm worried about that even here in America," he said.
For journalist and activist Alinejad, an outspoken critic of Sharia law, the attack follows several incidents in which her safety was threatened. Last year, the FBI said it had foiled a plot by Iranian intelligence officers to kidnap Alinejad at her Brooklyn home. On July 28, a man was arrested carrying an AK-47 assault rifle outside her home.
Then came the attack on Rushdie, whom she has come to admire.
"To be honest, Salman Rushdie changed my life," she said. As a teenager in Iran, she was furious at the writer, because she was "brainwashed" by government propaganda, she said.
"But when I started doing my own research about him, I was like, 'This is unbelievable. This is what I believe now, that I have to speak out,'" she said.
While the threats against her have made her feel "miserable," she is resolved to keep writing and speaking out against tyranny.
Her dream now is to one day appear at the Chautauqua Institution, on the same stage where Rushdie was so viciously attacked this month.
Copyright 2022 NPR. To see more, visit https://www.npr.org. | https://www.keranews.org/2022-08-24/exiled-writers-reflect-on-freedom-of-speech-in-america-in-light-of-rushdie-attack | 2022-08-24T21:21:14Z |
Florida Democrats have selected Charlie Crist as their candidate who they hope will unseat Republican Gov. Ron DeSantis in November. They hope his moderate tone and familiarity will appeal to voters.
Copyright 2022 NPR
Florida Democrats have selected Charlie Crist as their candidate who they hope will unseat Republican Gov. Ron DeSantis in November. They hope his moderate tone and familiarity will appeal to voters.
Copyright 2022 NPR | https://www.keranews.org/2022-08-24/florida-democrats-vote-charlie-crist-to-take-on-gov-desantis-in-november | 2022-08-24T21:21:20Z |
Moving the people and stuff that the U.S. military needs is a massive puzzle. Aid for Ukraine is being sent from Illinois' Scott Air Force Base, which must deal with logistics and possible threats.
Copyright 2022 NPR
Moving the people and stuff that the U.S. military needs is a massive puzzle. Aid for Ukraine is being sent from Illinois' Scott Air Force Base, which must deal with logistics and possible threats.
Copyright 2022 NPR | https://www.keranews.org/2022-08-24/how-an-illinois-military-base-transports-an-unprecedented-flow-of-weapons-to-ukraine | 2022-08-24T21:21:26Z |
KANSAS CITY, Mo. — Pro Football Hall of Fame quarterback and popular radio and TV sports personality Len Dawson has died. He was 87.
He led the Kansas City Chiefs to their first Super Bowl win in 1970, even picking up the MVP title. "Lenny the Cool" also guided Chiefs fans through their ups and downs as a broadcaster for more than 50 years.
Dawson had entered hospice care earlier this month. In a statement released by the Chiefs, "Len Dawson is synonymous with the Kansas City Chiefs. Len embraced and came to embody Kansas City and the people that call it home. You would be hard-pressed to find a player who had a bigger impact in shaping the organization as we know it today than Len Dawson did," said Chiefs chairman Clark Hunt.
Dawson was born in Alliance, Ohio, in 1935. Fifty-two years later, he stood at the Hall of Fame in nearby Canton, inducted after a 19-year football career. He was only the third person to enter the Hall of Fame as a player and a broadcaster, after Frank Gifford and Dan Dierdorf.
"I was into working," Dawson said with a laugh in 2017, when the broadcasting booth at Arrowhead Stadium was formally dedicated to him. "Because my parents didn't have a whole lot and they taught me something: 'If you want something, find a way to earn it to get it done.'"
Dawson was a color commentator for the Chiefs radio broadcasts on the Chiefs radio network from 1984 through 2017. His broadcast play-by-play partner for 24 of those years, Mitch Holthus, was a long-time admirer.
"I made sure my mom made a crude, stitched jersey with 1 and 6 on it because I wanted to be Lenny Dawson," said Holthus, referring to Dawson's jersey No. 16.
Dawson was a first-round draft pick out of Purdue by the Pittsburgh Steelers in 1957 but was unable to get any significant playing time with the Steelers or in his two years with the Cleveland Browns in 1960 and 1961.
Meanwhile, Lamar Hunt founded the American Football League in 1960.
"I remember (Browns owner/coach) Paul Brown saying, 'Hey, there's a bunch of sons of rich people. This is a hobby for them,'" Dawson recalled. "'It won't last more than a year or two. It's not going to be very long.'"
Dawson signed with the Dallas Texans in the fledgling AFL before the 1962 season and was reunited with coach Hank Stram, one of his assistant coaches at Purdue. The Texans won the AFL championship that year before moving to Kansas City.
In 1964, Dawson threw 30 touchdown passes, a Chiefs record until Patrick Mahomes shattered it with 50 in 2018. On the verge of breaking Dawson's record, Mahomes said he talked to Dawson about it.
"When you throw 30 touchdowns in today's league where there's a lot more passing, you're still having a great season," said Mahomes in 2018. "For him to be that advanced, I mean he won a Super Bowl here. He was one of the best quarterbacks to ever play."
With Dawson at QB, the Chiefs lost in Super Bowl I, but beat the Minnesota Vikings 23-7 in Super Bowl IV. Dawson was the MVP.
"We were the underdog in that game," he recalled. "We were supposed to get beat by a couple of touchdowns. Thankfully, we didn't believe that."
Dawson's final season was in 1975 when he was 40. Behind an injury-decimated offensive line, he was sacked seven times in a late-season game. By then, Dawson said, he knew his playing career was over.
"It made my decision," he said. "I said, 'That's it. I don't need to take this whipping like this anymore.'"
Unbeknownst to Dawson in 1966, Chiefs president Jack Steadman started discussions with management at KMBC-TV and radio about working Dawson into the broadcasts.
"I didn't have any idea he was doing that, so it ended up starting my broadcasting career," Dawson said.
Not only did he remain a major figure in Kansas City, he also became well known for a groundbreaking national show on HBO called "Inside the NFL."
Copyright 2022 NPR. To see more, visit https://www.npr.org. | https://www.keranews.org/2022-08-24/len-dawson-kansas-city-chiefs-quarterback-and-broadcasting-legend-dies-at-87 | 2022-08-24T21:21:32Z |
Ukraine is celebrating 31 years of independence from the Soviet Union on Wednesday. It is also six months to the day since President Putin sent troops to try to bring Ukraine back into Russia's orbit.
Copyright 2022 NPR
Ukraine is celebrating 31 years of independence from the Soviet Union on Wednesday. It is also six months to the day since President Putin sent troops to try to bring Ukraine back into Russia's orbit.
Copyright 2022 NPR | https://www.keranews.org/2022-08-24/on-the-31st-anniversary-of-ukraines-split-from-soviet-union-the-war-hits-month-6 | 2022-08-24T21:21:38Z |
Severe drought in Massachusetts has farmers tallying this year's losses. Many are working overtime to irrigate and supplement absent rainfall. Some streams and ponds they use have been drying up.
Copyright 2022 NPR
Severe drought in Massachusetts has farmers tallying this year's losses. Many are working overtime to irrigate and supplement absent rainfall. Some streams and ponds they use have been drying up.
Copyright 2022 NPR | https://www.keranews.org/2022-08-24/severe-drought-means-harvests-will-be-smaller-in-massachusetts | 2022-08-24T21:21:44Z |
A months-long drought in Texas has at least one town trucking in water for residents. Ranchers are facing tough business decisions without enough water for their cattle.
Copyright 2022 NPR
A months-long drought in Texas has at least one town trucking in water for residents. Ranchers are facing tough business decisions without enough water for their cattle.
Copyright 2022 NPR | https://www.keranews.org/2022-08-24/texas-ranchers-struggle-as-they-face-the-worst-drought-in-over-a-decade | 2022-08-24T21:21:51Z |
NPR's Ari Shapiro speaks with Emma Donoghue about her new book, Haven. In it, three Irish monks in the Middle Ages choose to live a life of isolation on a rocky island.
Copyright 2022 NPR
NPR's Ari Shapiro speaks with Emma Donoghue about her new book, Haven. In it, three Irish monks in the Middle Ages choose to live a life of isolation on a rocky island.
Copyright 2022 NPR | https://www.keranews.org/2022-08-24/the-book-haven-is-a-monastic-retreat-to-an-island-inhabited-only-by-men-and-birds | 2022-08-24T21:21:57Z |
One of this summer's most popular shows centers on a slimy true crime podcaster. Only Murders In the Building, on Hulu, follows three fans of a Serial-like show called All Is Not OK in Oklahoma. By the end of season two, it becomes clear the show's host, played by Tina Fey, may be a cold-blooded murderer herself.
"I need something with famous people, and blood!" she wails to an assistant. "God, I need a murder. A good one!"
Fey's character is just one example of what seems to be a new pop culture archetype.
Call them the morally dubious podcasters.
In the movie Vengeance, B.J. Novak plays a self-serving journalist pitching a podcast about the death of a woman he briefly dated.
Another morally dubious podcaster inserts herself into a crime scene (and the bed of a police officer) in the Showtime series Dexter: New Blood. And in the wry social comedy Rutherford Falls on Peacock, not one but two morally dubious podcasters run amuck, including an NPR reporter who wrecks the life of one of the main characters.
"Ah yes, the morally dubious podcaster," Nicholas Quah chuckles. He covers podcasts for Vulture and New York Magazine and recognized the archetype immediately. "My favorites were the first I ever noticed: the true crime podcasters in 2018's Halloween, who — spoilers — end up being brutally killed for chasing down Michael Myers."
But Quah remembered an even earlier example – from the 2014 Kevin Smith movie Tusk – and says there's a reason TV and movies are serving up so many morally dubious podcasters craven in their pursuit of fame and notoriety. That reason would be real life.
"Look up and down the Apple podcast charts," Quah points out. "You'll find any number of frankly morally dubious true crime shows. People, who in some cases, plagiarize other people's reporting and accessorize it and spread incomplete facts and inconsistent truths. "
Quah has written about these issues with Crime Junkie, one of the most popular podcasts in the country. And of course, the New York Times' podcast, Caliphate, had to be essentially retracted in 2020 when its sensational main subject, who claimed to be a member of ISIS, turned out to be a serial liar.
But morally dubious podcasters go beyond the genre of true crime. The Peacock show, Rutherford Falls, features a smarmy, racist podcaster who fancies himself, as he says, "in the tradition of Plato, Nietzsche and my personal podcasting hero, Mr. Joseph Rogen."
This character personifies what NPR's pop culture podcaster Linda Holmes calls "the yap and slap." People who sound off into a microphone in their basements and throw the results on the internet remind her, she says, of the early days of blogging.
"You can start a podcast tomorrow with very little equipment," she observes. "Just as you could go on the Internet and start a blog. And what you get from that, is a lot of people who are really good and really professional and some celebrities who see it as an easy way to extend their brand and control their own publicity. You have talented people who haven't been welcomed in traditional media spaces."
But you also get grifters, she adds, opportunists and people who don't "follow the rules you would want them to follow." To a certain extent, the morally dubious podcaster is the latest twist on a classic figure – the stranger in town. It's an expository device, a way to frame a story.
But right now, when numerous polls show trust in the media collapsing, the morally dubious podcaster has particular power. You don't know why she's here. Or what she may be mining from your truth.
Copyright 2022 NPR. To see more, visit https://www.npr.org. | https://www.keranews.org/2022-08-24/the-rise-of-the-morally-dubious-podcaster-in-pop-culture | 2022-08-24T21:22:03Z |
NPR's Juana Summers speaks with Uvalde, Texas, city manager Vince DiPiazza about where his community is three months after the deadly mass shooting at Robb Elementary.
Copyright 2022 NPR
NPR's Juana Summers speaks with Uvalde, Texas, city manager Vince DiPiazza about where his community is three months after the deadly mass shooting at Robb Elementary.
Copyright 2022 NPR | https://www.keranews.org/2022-08-24/uvaldes-city-manager-reflects-on-where-the-community-is-3-months-after-mass-shooting | 2022-08-24T21:22:09Z |
About 6 million households in California face water restrictions this summer. But after years of drought conditions, some residents are adapting by planting yards that use less water.
Copyright 2022 NPR
About 6 million households in California face water restrictions this summer. But after years of drought conditions, some residents are adapting by planting yards that use less water.
Copyright 2022 NPR | https://www.keranews.org/2022-08-24/with-less-water-for-lawns-some-californians-switch-to-drought-resistant-landscapes | 2022-08-24T21:22:15Z |
Actress Katherine Heigl launches dog food line
(CNN) – You probably recognize her from TV shows and movies, but Katherine Heigl is also a dog lover.
Now, the “27 Dresses” actress has her own dog food brand, Badlands Ranch, named after her family ranch in Utah.
Heigl partnered with an animal nutritionist to develop the line, saying it’s a more holistic approach to dog food, even using things like chia seeds, flax seeds and Lion’s Mane mushrooms.
For now, Badlands Ranch is offering just air-dried food and single-ingredient treats, but Heigl hopes to eventually add more options like supplements.
The mom of 12 (three kids, nine “fur babies”) says money from the dog food sales will go to battling animal overpopulation. That includes everything from spay and neuter programs to transporting animals out of high-kill shelters and providing medical care for animals that need it.
Copyright 2022 CNN Newsource. All rights reserved. | https://www.whsv.com/2022/08/24/actress-katherine-heigl-launches-dog-food-line/ | 2022-08-24T21:36:39Z |
Check for travel scams before you pack your bags
Typical losses were around $1,400
InvestigateTV - This year there have been more than 22,000 reports of fraud tied to vacation scams according to the Federal Trade Commission.
Darlene Bringard-Dupnack, a travel agent for over 40 years, said the easing of COVID restrictions has caused an increased interest in travel.
Bringard-Dupnack said with this increase, some travelers may get fooled by what appears to be a dream vacation.
“Everything used to be done by phone and airmail. Things are a lot different now,” she said. “More recently, there are so many more scams that are online and that people have fallen for because they’re not paying attention to what they’re doing.”
Josh Planos from the Better Business Bureau agreed and said the trends show a higher amount of money being lost to scammers this summer.
Planos said the two big regs flags for potential vacation scams are:
- If a deal seems too good to be true, it probably is
- Vendors asking for payment in gift cards, cryptocurrency or via payment apps like Zelle or Venmo
Planos explained that along with reputable sites like AirBNB or VRBO, there are also “shadier” sites posing as legitimate ones. They put money into advertising to entice you into using them.
Planos and Bringard-Dupnack both urged travelers to never pay in cash and instead put everything on credit cards, which provide recourse in the event of disputes.
If you think you spot a scam or have been a victim of one, you can report them to the BBB scam tracker.
Copyright 2022 Gray Media Group, Inc. All rights reserved. | https://www.whsv.com/2022/08/24/check-travel-scams-before-you-pack-your-bags/ | 2022-08-24T21:36:40Z |
Man sentenced for child sex abuse after girl confided in her teachers, DA says
JACKSON COUNTY, N.C. (WHNS/Gray News) – A man in North Carolina has been convicted of child sex crimes after the girl confided in her school teachers about the abuse.
Jurors convicted Johnathon Micah Maney, 40, of statutory rape of a child under the age of 13 by an adult, two counts of statutory sex offense of a child under the age of 13, and four counts of indecent liberties with a child.
District Attorney Ashley Welch said the abuse started in August 2014 when the girl was 9 years old. At age 14, the girl confided in her teachers about the abuse.
“She felt comfortable enough to go to her teachers and tell them that she was suffering from anxiety and panic attacks from the abuse,” Assistant District Attorney Chris Matheson said. “They were her safe outlet.”
The DA’s office said the girl’s teachers contacted law enforcement after hearing about the abuse.
“This young girl trusted them with the information about three horrific years of abuse,” Welch said. “I cannot express strongly enough how important a role educators are playing in our children’s lives. Sometimes, it is lifesaving.”
Maney was sentenced to serve a minimum of 51.3 years to a maximum of 72.41 years in prison.
Copyright 2022 WHNS via Gray Media Group, Inc. All rights reserved. | https://www.whsv.com/2022/08/24/man-sentenced-child-sex-abuse-after-girl-confided-her-teachers-da-says/ | 2022-08-24T21:36:41Z |
Study: Pfizer COVID pill showed no benefit in younger adults
WASHINGTON (AP) — Pfizer’s COVID-19 pill appears to provide little or no benefit for younger adults, while still reducing the risk of hospitalization and death for high-risk seniors, according to a large study published Wednesday.
The results from a 109,000-patient Israeli study are likely to renew questions about the U.S. government’s use of Paxlovid, which has become the go-to treatment for COVID-19 due to its at-home convenience. The Biden administration has spent more than $10 billion purchasing the drug and making it available at thousands of pharmacies through its test-and-treat initiative.
The researchers found that Paxlovid reduced hospitalizations among people 65 and older by roughly 75% when given shortly after infection. That’s consistent with earlier results used to authorize the drug in the U.S. and other nations.
But people between the ages of 40 and 65 saw no measurable benefit, according to the analysis of medical records.
The study has limitations due to its design, which compiled data from a large Israeli health system rather than enrolling patients in a randomized study with a control group — the gold-standard for medical research.
The findings reflect the changing nature of the pandemic, in which the vast majority of people already have some protection against the virus due to vaccination or prior infection. For younger adults, in particular, that greatly reduces their risks of severe COVID-19 complications. The Centers for Disease Control and Prevention recently estimated that 95% of Americans 16 and older have acquired some level of immunity against the virus.
“Paxlovid will remain important for people at the highest risk of severe COVID-19, such as seniors and those with compromised immune systems,” said Dr. David Boulware, a University of Minnesota researcher and physician, who was not involved in the study. “But for the vast majority of Americans who are now eligible, this really doesn’t have a lot of benefit.”
A spokesman for Pfizer declined to comment on the results, which were published in the New England Journal of Medicine.
The U.S. Food and Drug Administration authorized Paxlovid late last year for adults and children 12 and older who are considered high risk due to conditions like obesity, diabetes and heart disease. More than 42% of U.S. adults are considered obese, representing 138 million Americans, according to the CDC.
At the time of the FDA decision there were no options for treating COVID-19 at home, and Paxlovid was considered critical to curbing hospitalizations and deaths during the pandemic’s second winter surge. The drug’s results were also far stronger than a competing pill from Merck.
The FDA made its decision based on a Pfizer study in high-risk patients who hadn’t been vaccinated or treated for prior COVID-19 infection.
“Those people do exist but they’re relatively rare because most people now have either gotten vaccinated or they’ve gotten infected,” Boulware said.
Pfizer reported earlier this summer that a separate study of Paxlovid in healthy adults — vaccinated and unvaccinated — failed to show a significant benefit. Those results have not yet been published in a medical journal.
More than 3.9 million prescriptions for Paxlovid have been filled since the drug was authorized, according to federal records. A treatment course is three pills twice a day for five days.
A White House spokesman on Wednesday pointed to several recent papers suggesting Paxlovid helps reduce hospitalizations among people 50 and older. The studies have not been published in peer-reviewed journals.
“Risk for severe outcomes from COVID is along a gradient, and the growing body of evidence is showing that individuals between the ages of 50 and 64 can also benefit from Paxlovid,” Kevin Munoz said in an emailed statement.
Administration officials have been working for months to increase use of Paxlovid, opening thousands of sites where patients who test positive can fill a prescription. Last month, U.S. officials further expanded access by allowing pharmacists to prescribe the drug.
The White House recently signaled that it may soon stop purchasing COVID-19 vaccines, drugs and tests, shifting responsibility to the private insurance market. Under that scenario, insurers could set new criteria for when they would pay for patients to receive Paxlovid.
___
Follow Matthew Perrone on Twitter: @AP_FDAwriter
___
The Associated Press Health and Science Department receives support from the Howard Hughes Medical Institute’s Department of Science Education. The AP is solely responsible for all content.
Copyright 2022 The Associated Press. All rights reserved. | https://www.whsv.com/2022/08/24/study-pfizer-covid-pill-showed-no-benefit-younger-adults/ | 2022-08-24T21:36:43Z |
Whitmer kidnap plot convictions unlikely to curb extremism
TRAVERSE CITY, Mich. (AP) — The conviction of two men for conspiring to kidnap Michigan Gov. Gretchen Whitmer shows that jurors in a deeply divided nation can still reach agreement in politically charged cases, according to experts.
But it leaves unanswered questions about the potential for violence by extremists with a vendetta against government and law enforcement, they say.
“I hope it will be a deterrent in the future, but we need to see some softening of the rhetoric before we can accurately predict that,” said Michael Edison Hayden, spokesman for the nonprofit Southern Policy Law Center, which monitors hate groups.
A federal jury in Grand Rapids, Michigan, returned guilty verdicts Tuesday against Adam Fox and Barry Croft Jr. on two counts of conspiracy. Two others in the plot, Kaleb Franks and Ty Garbin, pleaded guilty earlier. Franks’ sentencing hearing is set for Oct. 6, Fox’s for Dec. 12 and Croft’s for Dec. 28. Garbin is serving a six-year term, but prosecutors Wednesday asked a judge to cut that to three due to his “remarkable” assistance to the government.
Prosecutors said they planned to grab Whitmer at her vacation home and blow up a bridge to stop police from responding.
A different jury in April deadlocked on Fox and Croft while acquitting two other men. That outcome prompted worries that the overheated political landscape was hampering jurors’ ability to put aside biases, particularly when the FBI — a frequent target of right-wing activists and commentators — was involved.
Some legal observers criticized the government’s handling of the case and questioned the wisdom of retrying it. Barbara McQuade, a former federal prosecutor, said refusing to do so would have been “the coward’s way out.”
“We’re seeing an escalation of threats of violence against public officials,” McQuade said. “The only way to stop that is by holding people accountable when they engage in acts like this, threatening to harm public officials.”
The case unfolded against a backdrop of nationwide polarization.
Whitmer, a rising Democratic star, had exchanged barbs with former President Donald Trump and was unpopular with conservatives, including over her policies early on during the COVID-19 pandemic.
Trump and other Republicans had accused the FBI of being a tool of Democrats. He described the Whitmer kidnapping plan as a “fake deal.” Jury selection in the retrial of Fox and Croft happened the day after federal agents searched Trump’s Mar-a-Lago estate for classified documents. During the trial, a man apparently angered by the search tried to breach the FBI’s Cincinnati office and was killed.
Even so, the jury in Michigan’s Western District — a blend of urban, suburban and rural areas representing a broad political spectrum — delivered “a real statement that citizens of our country aren’t going to put up with violent actions against public officials,” said Mark Chutkow, a former Detroit federal prosecutor.
Less clear is what, if any, effect the case will have on anti-government extremism and white-hot partisanship. Following the verdict, Whitmer renewed her call to “lower the temperature.”
“This is about every American who is serving the public, who’s dealing with threats, whether it’s an election worker or it is a police officer or a teacher,” she told reporters Wednesday after a back-to-school event in suburban Detroit. “This continued political rhetoric that is aimed at inspiring people to hurt their fellow Americans is dangerous.”
The convictions of Croft and Fox could be another rallying cry for far-right extremists, although likely not as potent as 1990s sieges in Waco, Texas, and Ruby Ridge, Idaho, said Jon Lewis, a research fellow with George Washington University’s program on extremism.
“It’s possible that individuals in anti-government spaces could leverage this as an example of continued tyranny, abuse of the rights of Americans,” Lewis said.
A more concerning outcome could be an increase in lone-wolf attacks as extremist groups become more wary of the potential for infiltration by undercover operatives, he said.
“It’s much harder with the lone actor,” Lewis said. “He doesn’t tell anyone his plans, he has legal access to firearms.”
The George Washington program is tracking cases against 49 people charged with “offenses related to the boogaloo movement,” a loose confederation of believers in a second civil war, he said.
Far-right paramilitary groups were gleeful about the first trial’s outcome and probably are unhappy with the convictions, said Mark Pitcavage, senior research fellow with the Anti-Defamation League’s Center on Extremism. But history suggests guilty verdicts are less likely to incite violent reactions than arrests perceived as unjust, he said.
It’s equally doubtful that the case will bring about a calmer tone in politics, Pitcavage said.
“We’re in such a heavily polarized society right now and few people seem to want to step back from the brink,” he said.
The most significant ripple effect, he said, might be what was avoided: another defeat and further damage to the FBI’s credibility.
Neama Rahmani, a former federal prosecutor in California who has followed the Michigan case and criticized the government’s performance in the first trial, said the convictions vindicated the bureau’s investigation.
“Obviously there are folks who are always going to distrust the FBI,” he said. “But this is a big win.”
The convictions may boost public understanding of the FBI’s tactics in combating domestic terrorism, particularly use of undercover operatives, said Dennis Lormel, president of the Society of Former FBI Agents.
“I understand the concerns about overreaching, especially with the rhetoric about the FBI being politicized,” Lormel said. “But the opportunity to insert FBI employees or cooperating witnesses is critically important. If we lose that, we will be in a lot of trouble, we’ll see more terrorist attacks.”
___
Associated Press reporters Mike Householder in Novi, Michigan, and Ed White in Detroit contributed to this story.
Copyright 2022 The Associated Press. All rights reserved. | https://www.whsv.com/2022/08/24/whitmer-kidnap-plot-convictions-unlikely-curb-extremism/ | 2022-08-24T21:36:43Z |
SAN FRANCISCO, Aug. 24, 2022 /PRNewswire/ -- Airbnb, Inc. (NASDAQ: ABNB) announced today that VP of Finance, Ellie Mertz, will speak at the Evercore ISI 2nd Annual Technology Conference on Wednesday, September 7, beginning at 5:45am PT / 8:45am ET. A live webcast of the session will be available to the public at https://wsw.com/webcast/evercore28/abnb/2317343. A replay will be made available for 90 days following the event on the Investor Relations website at https://investors.airbnb.com.
About Airbnb
Airbnb was born in 2007 when two Hosts welcomed three guests to their San Francisco home, and has since grown to over 4 million Hosts who have welcomed more than 1 billion guest arrivals in almost every country across the globe. Every day, Hosts offer unique stays and experiences that make it possible for guests to connect with communities in a more authentic way.
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SOURCE Airbnb | https://www.whsv.com/prnewswire/2022/08/24/airbnb-participate-evercore-isi-2nd-annual-technology-conference/ | 2022-08-24T21:36:59Z |
Early season Minnesota Grown apples, including the highly sought First Kiss, available at orchards, grocery stores and farmers markets in mid-August
SAINT PAUL, Minn., Aug. 24, 2022 /PRNewswire/ -- Minnesotans don't have to wait until early fall for the crisp, juicy apples our state is known for growing. Early season apple varieties such as First Kiss®, SweeTango®, Zestar!® and RiverBelle are already available at orchards, grocery stores and farmers markets across Minnesota. These varieties are ripe for the picking up to four weeks sooner than Minnesota's most famous apple, Honeycrisp, marking the first fresh, local apples since last year's crop.
The tradition of picking apples at local orchards is one many look forward to each year, and growers are expecting great turnouts this fall. Although some parts of Minnesota were faced with lingering drought conditions that carried forward from 2021, local apple growers have been irrigating trees as needed and are looking for an excellent harvest.
In addition to being available at orchards, Minnesota Grown apples are available at grocery stores and farmers markets – and the Minnesota State Fair. Those planning a trip to the Great Minnesota Get-Together can stop by the Ag/Horticulture Building to grab their "First Kiss" of the season.
Keep your eyes peeled for local apples including the four varieties below, which are typically available from mid-August through early-September:
First Kiss® – The newest University of Minnesota (UMN) early season variety is a Honeycrisp cross available up to four weeks before Honeycrisp ripens. It's an incredibly crisp, lightly tart, and aromatic apple. Excellent storage life of up to five months.
Zestar!® – This apple is typically the second early season apple to ripen, and offers a delicate crispness, juicy texture, and zesty flavor with a hint of brown sugar. Developed by UMN and introduced in 1999, this apple has a crisp texture and good storage life – up to two months in the refrigerator.
SweeTango® – A Honeycrisp-Zestar! cross, this apple is known for its sweet and tart flavor. Developed by UMNand first available in 2009, SweeTango apples have explosive flavor, crisp texture, and juiciness in every bite.
RiverBelle – A sweet and tart apple with a fruity flavor makes a crisp eating apple. RiverBelle apples grow in the Mississippi River valley of Minnesota and Wisconsin. This unique, orange-flecked apple, was developed by Doug Shefelbine in collaboration with the Mississippi Valley Fruit Co.
In addition to their earlier harvest dates, these varieties provide a vastly superior eating experience in comparison to traditional early season varieties suitable for Minnesota's climate.
"For the first time since last fall, Minnesotans can enjoy local apples that are not only early to ripen, but also crisp, juicy and delicious," said Paul Hugunin, Director of Ag Marketing and Development at the Minnesota Department of Agriculture's Minnesota Grown program. "These early season apples are some of the best tasting apples around, providing a win-win for consumers, as well as growers and grocers."
For over 30 years, Minnesota Grown has helped connect customers with local farmers. The Minnesota Grown Directory includes more than 130 orchards and more than 175 farmers markets around the state. Find an orchard near you at MinnesotaGrown.com. You'll also find the Minnesota Grown logo at grocery stores and farmers markets.
ABOUT MINNESOTA GROWN
The Minnesota Grown Program is a statewide partnership between the Minnesota Department of Agriculture and Minnesota producers of specialty crops and livestock. For over 30 years, the program has created consumer awareness of Minnesota Grown products, increased demand for Minnesota Grown products and connected buyers and sellers. Participants in the program are a diverse group of farmers and processors, including farmers markets, nurseries and garden centers, apple orchards, berry farms, Christmas tree farms, honey producers, maple syrup producers, livestock producers, wineries, and CSA farms (community supported agriculture). For more information, visit MinnesotaGrown.com.
Megan Anderson
megan@bellmontpartners.com
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SOURCE Minnesota Grown | https://www.whsv.com/prnewswire/2022/08/24/amazing-apples-august-this-month-marks-start-minnesota-apple-season/ | 2022-08-24T21:37:06Z |
ATLANTA, Aug. 24, 2022 /PRNewswire/ -- Artivion, Inc. (NYSE: AORT), a leading cardiac and vascular surgery company focused on aortic disease, today announced that it will present virtually at the upcoming Inaugural Gilmartin Group Emerging Growth Company Showcase on Wednesday, August 31, 2022. The Company's presentation is scheduled to begin at 1:30 p.m. ET.
A live webcast of the presentation will be accessible through Artivion's website, www.artivion.com, on the Investors page. An archived copy of the webcast will be available for 90 days on the same website.
About Artivion, Inc.
Headquartered in suburban Atlanta, Georgia, Artivion, Inc. is a medical device company focused on developing simple, elegant solutions that address cardiac and vascular surgeons' most difficult challenges in treating patients with aortic diseases. Artivion's four major groups of products include: aortic stent grafts, surgical sealants, On-X mechanical heart valves, and implantable cardiac and vascular human tissues. Artivion markets and sells products in more than 100 countries worldwide. For additional information about Artivion, visit our website, www.artivion.com.
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SOURCE Artivion, Inc. | https://www.whsv.com/prnewswire/2022/08/24/artivion-present-gilmartin-group-emerging-growth-company-showcase/ | 2022-08-24T21:37:12Z |
- Second quarter revenue and billings both grew 17 percent year-over-year
- Second quarter GAAP and non-GAAP operating margin expanded by 6 and 5 percentage points, respectively
SAN FRANCISCO, Aug. 24, 2022 /PRNewswire/ -- Autodesk, Inc. (NASDAQ: ADSK) today reported financial results for the second quarter of fiscal 2023.
All growth rates are compared to the second quarter of fiscal 2022, unless otherwise noted. A reconciliation of GAAP to non-GAAP results is provided in the accompanying tables. For definitions, please view the Glossary of Terms later in this document.
Second Quarter Fiscal 2023 Financial Highlights
- Total revenue increased 17 percent to $1,237 million;
- GAAP operating margin was 20 percent, up 6 percentage points;
- Non-GAAP operating margin was 36 percent, up 5 percentage points;
- GAAP diluted EPS was $0.85; Non-GAAP diluted EPS was $1.65;
- Cash flow from operating activities was $257 million; free cash flow was $246 million.
"We are moving from products to platforms and capabilities, and bringing those capabilities to any device, anywhere, through the cloud," said Andrew Anagnost, Autodesk president and CEO. "By accelerating the convergence of workflows within and between the industries we serve, we are propelling the digital transformation of our customers and creating broader and deeper partnerships with them."
"Demand remained robust, our competitive performance strong, and subscription business resilient during the second quarter," said Debbie Clifford, Autodesk CFO. "With the underlying momentum of the business offsetting incremental foreign exchange headwinds, our guidance is unchanged at the mid-point across all metrics. We remain well on track to achieve our fiscal 23 goals."
Additional Financial Details
- Total billings increased 17 percent to $1,191 million.
- Total revenue was $1,237 million, an increase of 17 percent as reported and on a constant currency basis. Recurring revenue represents 98 percent of total.
- Design revenue was $1,064 million, an increase of 15 percent as reported and on a constant currency basis. On a sequential basis, Design revenue increased 6 percent as reported and on a constant currency basis.
- Make revenue was $113 million, an increase of 26 percent as reported, and 27 percent on a constant currency basis. On a sequential basis, Make revenue increased 10 percent as reported and on a constant currency basis.
- Subscription plan revenue was $1,160 million, an increase of 16 percent as reported and 17 percent on a constant currency basis. On a sequential basis, subscription plan revenue increased 7 percent as reported and on a constant currency basis.
- Net revenue retention rate remained within the range of 100 to 110 percent.
- GAAP operating income was $242 million, compared to $148 million in the second quarter last year. GAAP operating margin was 20 percent, up 6 percentage points.
- Total non-GAAP operating income was $444 million, compared to $331 million in the second quarter last year. Non-GAAP operating margin was 36 percent, up 5 percentage points compared to the second quarter last year.
- GAAP diluted net income per share was $0.85, compared to $0.52 in the second quarter last year.
- Non-GAAP diluted net income per share was $1.65, compared to $1.21 in the second quarter last year.
- Deferred revenue increased 12 percent to $3.70 billion. Unbilled deferred revenue was $984 million, an increase of $141 million compared to the second quarter of last year. Remaining performance obligations ("RPO") increased 13 percent to $4.69 billion. Current RPO increased 10 percent to $3.14 billion.
- Cash flow from operating activities was $257 million, an increase of $55 million compared to the second quarter last year. Free cash flow was $246 million, an increase of $60 million compared to the second quarter last year.
Business Outlook
The following are forward-looking statements based on current expectations and assumptions, and involve risks and uncertainties, some of which are set forth below under "Safe Harbor Statement." Autodesk's business outlook for the third quarter and full-year fiscal 2023 takes into consideration the current economic environment and foreign exchange currency rate environment. A reconciliation between the fiscal 2023 GAAP and non-GAAP estimates is provided below or in the tables following this press release.
The third quarter and full-year fiscal 2023 outlook assume a projected annual effective tax rate of 21 percent and 17 percent for GAAP and non-GAAP results, respectively. Shifts in geographic profitability continue to impact the annual effective tax rate due to significant differences in tax rates in various jurisdictions. Therefore, assumptions for the annual effective tax rate are evaluated regularly and may change based on the projected geographic mix of earnings.
Earnings Conference Call and Webcast
Autodesk will host its second quarter conference call today at 5 p.m. ET. The live broadcast can be accessed at autodesk.com/investor. A transcript of the opening commentary will also be available following the conference call.
A replay of the broadcast will be available at 7 p.m. ET at autodesk.com/investor. This replay will be maintained on Autodesk's website for at least 12 months.
Investor Presentation Details
An investor presentation, excel financials and other supplemental materials providing additional information can be found at autodesk.com/investor.
Key Performance Metrics
To help better understand our financial performance, we use several key performance metrics including billings, recurring revenue and net revenue retention rate ("NR3"). These metrics are key performance metrics and should be viewed independently of revenue and deferred revenue. These metrics are not intended to be combined with those items. We use these metrics to monitor the strength of our recurring business. We believe these metrics are useful to investors because they can help in monitoring the long-term health of our business. Our determination and presentation of these metrics may differ from that of other companies. The presentation of these metrics is meant to be considered in addition to, not as a substitute for or in isolation from, our financial measures prepared in accordance with GAAP.
Glossary of Terms
Billings: Total revenue plus the net change in deferred revenue from the beginning to the end of the period.
Cloud Service Offerings: Represents individual term-based offerings deployed through web browser technologies or in a hybrid software and cloud configuration. Cloud service offerings that are bundled with other product offerings are not captured as a separate cloud service offering.
Constant Currency (CC) Growth Rates: We attempt to represent the changes in the underlying business operations by eliminating fluctuations caused by changes in foreign currency exchange rates as well as eliminating hedge gains or losses recorded within the current and comparative periods. We calculate constant currency growth rates by (i) applying the applicable prior period exchange rates to current period results and (ii) excluding any gains or losses from foreign currency hedge contracts that are reported in the current and comparative periods.
Design Business: Represents the combination of maintenance, product subscriptions, and all EBAs. Main products include, but are not limited to, AutoCAD, AutoCAD LT, Industry Collections, Revit, Inventor, Maya and 3ds Max. Certain products, such as our computer aided manufacturing solutions, incorporate both Design and Make functionality and are classified as Design.
Enterprise Business Agreements (EBAs): Represents programs providing enterprise customers with token-based access to a broad pool of Autodesk products over a defined contract term.
Free Cash Flow: Cash flow from operating activities minus capital expenditures.
Industry Collections: Autodesk Industry Collections are a combination of products and services that target a specific user objective and support a set of workflows for that objective. Our Industry Collections consist of: Autodesk Architecture, Engineering and Construction Collection, Autodesk Product Design and Manufacturing Collection, and Autodesk Media and Entertainment Collection.
Maintenance Plan: Our maintenance plans provide our customers with a cost effective and predictable budgetary option to obtain the productivity benefits of our new releases and enhancements when and if released during the term of their contracts. Under our maintenance plans, customers are eligible to receive unspecified upgrades when and if available, and technical support. We recognize maintenance revenue over the term of the agreements, generally one year.
Make Business: Represents certain cloud-based product subscriptions. Main products include, but are not limited to, Assemble, Autodesk Build, BuildingConnected, Fusion 360 and ShotGrid. Certain products, such as Fusion 360, incorporate both Design and Make functionality and are classified as Make.
Net Revenue Retention Rate (NR3): Measures the year-over-year change in Recurring Revenue for the population of customers that existed one year ago ("base customers"). Net revenue retention rate is calculated by dividing the current quarter Recurring Revenue related to base customers by the total corresponding quarter Recurring Revenue from one year ago. Recurring Revenue is based on USD reported revenue, and fluctuations caused by changes in foreign currency exchange rates and hedge gains or losses have not been eliminated. Recurring Revenue related to acquired companies, one year after acquisition, has been captured as existing customers until such data conforms to the calculation methodology. This may cause variability in the comparison.
Other Revenue: Consists of revenue from consulting, training, and other products and services, and is recognized as the products are delivered and services are performed.
Product Subscription: Provides customers a flexible, cost-effective way to access and manage 3D design, engineering, and entertainment software tools. Our product subscriptions currently represent a hybrid of desktop and cloud functionality, which provides a device-independent, collaborative design workflow for designers and their stakeholders.
Recurring Revenue: Consists of the revenue for the period from our traditional maintenance plans, our subscription plan offerings, and certain Other revenue. It excludes subscription revenue related to third-party products. Recurring revenue acquired with the acquisition of a business is captured when total subscriptions are captured in our systems and may cause variability in the comparison of this calculation.
Remaining Performance Obligations (RPO): The sum of total short-term, long-term, and unbilled deferred revenue. Current remaining performance obligations is the amount of revenue we expect to recognize in the next twelve months.
Spend: The sum of cost of revenue and operating expenses.
Subscription Plan: Comprises our term-based product subscriptions, cloud service offerings, and EBAs. Subscriptions represent a combined hybrid offering of desktop software and cloud functionality which provides a device-independent, collaborative design workflow for designers and their stakeholders. With subscription, customers can use our software anytime, anywhere, and get access to the latest updates to previous versions.
Subscription Revenue: Includes our cloud-enabled term-based product subscriptions, cloud service offerings, and flexible EBAs.
Unbilled Deferred Revenue: Unbilled deferred revenue represents contractually stated or committed orders under early renewal and multi-year billing plans for subscription, services, and maintenance for which the associated deferred revenue has not been recognized. Under FASB Accounting Standards Codification ("ASC") Topic 606, unbilled deferred revenue is not included as a receivable or deferred revenue on our Condensed Consolidated Balance Sheet.
Safe Harbor Statement
This press release contains forward-looking statements that involve risks and uncertainties, including quotations from management, statements in the paragraphs under "Business Outlook" above statements about our short-term and long-term goals, statements regarding our strategies, market and product positions, performance and results, and all statements that are not historical facts. There are a significant number of factors that could cause actual results to differ materially from statements made in this press release, including: our strategy to develop and introduce new products and services and to move to platforms and capabilities, exposing us to risks such as limited customer acceptance, costs related to product defects, and large expenditures; the effects of the COVID-19 pandemic and related public health measures; global economic and political conditions, including recessionary fears, supply chain disruptions, resulting inflationary pressures and hiring conditions; costs and challenges associated with strategic acquisitions and investments; dependency on international revenue and operations, exposing us to significant international regulatory, economic, intellectual property, collections, currency exchange rate, taxation, political, and other risks, including risks related to the war against Ukraine launched by Russia and our exit from Russia; inability to predict subscription renewal rates and their impact on our future revenue and operating results; existing and increased competition and rapidly evolving technological changes; fluctuation of our financial results, key metrics and other operating metrics; deriving a substantial portion of our net revenue from a small number of solutions, including our AutoCAD-based software products and collections; any failure to successfully execute and manage initiatives to realign or introduce new business and sales initiatives; net revenue, billings, earnings, cash flow, or subscriptions shortfalls; social and ethical issues relating to the use of artificial intelligence in our offerings; security incidents or other incidents compromising the integrity of our or our customers' offerings, services, data, or intellectual property; reliance on third parties to provide us with a number of operational and technical services as well as software; our highly complex software, which may contain undetected errors, defects, or vulnerabilities; increasing regulatory focus on privacy issues and expanding laws; governmental export and import controls that could impair our ability to compete in international markets or subject us to liability if we violate the controls; protection of our intellectual property rights and intellectual property infringement claims from others; the government procurement process; fluctuations in currency exchange rates; our debt service obligations; and our investment portfolio consisting of a variety of investment vehicles that are subject to interest rate trends, market volatility, and other economic factors. Our estimates as to tax rate are based on current tax law, including current interpretations of the Tax Cuts and Jobs Act, and could be affected by changing interpretations of that Act, as well as additional legislation and guidance around that Act.
Further information on potential factors that could affect the financial results of Autodesk are included in Autodesk's Form 10-K and subsequent forms 10-Q, which are on file with the U.S. Securities and Exchange Commission. Autodesk disclaims any obligation to update the forward-looking statements provided to reflect events that occur or circumstances that exist after the date on which they were made.
About Autodesk
Autodesk is changing how the world is designed and made. Our technology spans architecture, engineering, construction, product design, manufacturing, media and entertainment, empowering innovators everywhere to solve challenges big and small. From greener buildings to smarter products to more mesmerizing blockbusters, Autodesk software helps our customers to design and make a better world for all. For more information visit autodesk.com or follow @autodesk.
Autodesk uses its investors.autodesk.com website as a means of disclosing material non-public information, announcing upcoming investor conferences and for complying with its disclosure obligations under Regulation FD. Accordingly, you should monitor our investor relations website in addition to following our press releases, SEC filings and public conference calls and webcasts.
Autodesk, AutoCAD, AutoCAD LT, BIM 360 and Fusion 360 are registered trademarks of Autodesk, Inc., and/or its subsidiaries and/or affiliates in the USA and/or other countries. All other brand names, product names or trademarks belong to their respective holders. Autodesk reserves the right to alter product and service offerings, and specifications and pricing at any time without notice, and is not responsible for typographical or graphical errors that may appear in this document.
© 2022 Autodesk, Inc. All rights reserved.
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DUBLIN, Calif., Aug. 24, 2022 /PRNewswire/ -- TriNet (NYSE: TNET), a leading provider of comprehensive human resources for small and medium-size businesses (SMBs), today announced the addition of award-winning actor and musician Riz Ahmed as a speaker at TriNet PeopleForce 2022. The three-day, award-winning conference taking place September 13-15 will feature distinguished leaders from the worlds of business, public policy, science, social justice, sports, entertainment, media and more. The live event will take place at the Theater at City Tech in downtown Brooklyn, NY, and virtually from anywhere.
"Riz Ahmed is a supremely talented and creative individual who continues to evolve as an artist. He is a true tour de force," said Michael Mendenhall, SVP, CMO and CCO at TriNet. "Beyond being an incredible performer, his activism continues to promote diversity, equity and inclusion on an international scale. We could not be more excited to hear his unique story of inspiration and success be told at TriNet PeopleForce."
Ahmed is a critically acclaimed actor, writer, producer, musician and entrepreneur. He is best known for his Emmy-winning role in the HBO miniseries "The Night Of" and Oscar nominated performance in Sound of Metal. He recently won an Oscar for his short film "The Long Goodbye," based on his hip-hop album by the same name. He recently founded Left Handed Films, the production company responsible for "The Long Goodbye," as well as the multi Oscar nominated documentary 'FLEE.' As a musician, he has performed at Glastonbury Festival five times, won an MTV video music award, and won critical acclaim. Alongside his work as a performer and producer, Ahmed has been an outspoken advocate for diversity and inclusion in film and TV.
TriNet PeopleForce 2022 will provide entrepreneurs and SMB leaders with three days of outstanding speakers and dynamic sessions that will focus on this year's conference theme: passion, purpose and perseverance.
Registration and previously announced speakers can be found at peopleforce.TriNet.com.
For a look at TriNet PeopleForce 2021, visit: PeopleForce 2021 | TriNet
About TriNet
TriNet (NYSE: TNET) provides small and medium-size businesses (SMBs) with full-service HR solutions tailored by industry. To free SMBs from HR complexities, TriNet offers access to human capital expertise, benefits, risk mitigation and compliance, payroll, all enabled by industry leading technology capabilities. TriNet's suite of products also includes services and software-based solutions to help streamline workflows by connecting HR, Benefits, Employee Engagement, Payroll and Time & Attendance. From Main Street to Wall Street, TriNet empowers SMBs to focus on what matters most—growing their business and enabling their people. TriNet, incredible starts here. For more information, visit TriNet.com or follow us on Twitter.
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SOURCE TriNet | https://www.whsv.com/prnewswire/2022/08/24/award-winning-actor-musician-entrepreneur-riz-ahmed-speak-trinet-peopleforce-2022/ | 2022-08-24T21:37:26Z |
TULSA, Okla., Aug. 24, 2022 /PRNewswire/ -- Axel Royal LLC ("Axel") is providing notice of a recent incident that may impact the privacy of certain individuals' personal information. This notice provides information about the incident, Axel's response to it, and resources available to assist individuals in safeguarding their information, should they feel it necessary to do so. Axel values and respects the confidentiality, privacy, and security of the information within its care.
What Happened? Axel recently experienced a security incident that resulted in potential unauthorized access to certain computer systems within its network. Axel immediately launched an investigation with assistance from third-party digital forensics specialists to determine the nature and scope of the incident. Through the investigation, Axel confirmed that an unauthorized actor accessed its network between February 8, 2022 and March 7, 2022 and copied a limited number of files stored on the network during that period. Axel undertook a thorough review of the affected files to determine whether any potentially sensitive information was present within them. On August 3, 2022, Axel confirmed the population of individuals whose information was included in the affected files and their addresses. Axel then proceeded promptly with direct notifications to individuals for whom address information was available.
What Information Was Involved? Axel cannot confirm if the unauthorized person(s) accessed or viewed any specific information relating to individuals. Please note that the information varied by individual and for many individuals, a limited number of data types were determined to be accessible.
What We Are Doing. Axel treats its duty to safeguard the information entrusted to it as an utmost priority. Axel responded immediately to this incident, promptly notified law enforcement authorities, and has been working diligently to provide individuals with an accurate and complete notice of the incident as soon as possible. Axel also took steps to secure potentially affected systems and conduct a diligent investigation aided by third-party cybersecurity specialists. Further, Axel implemented additional technical security measures designed to mitigate and minimize the recurrence of a similar future incident. Axel is also offering access to complimentary credit monitoring and identity protection services through Experian to individuals whose personal information may be impacted by this incident.
What You Can Do. Individuals can find out more about how to protect themselves against the potential misuse of information by reviewing the information sheet on Axel's website entitled "Steps You Can Take to Protect Information." Axel's website can be accessed at www.royalmfg.com, with the specific guidance available here: https://royalmfg.com/notice-of-security-incident/. The information sheet provides additional details regarding fraud alerts and credit freezes, as well as contact information for the nationwide consumer reporting agencies. Individuals will also find further information about the monitoring services Axel is offering to eligible individuals on its website via the hyperlink above.
For More Information. If you have questions about this incident that are not addressed in this notice, please contact our call center at (833) 420-2862, which is available Monday through Friday, 8 am – 10 pm CST, and Saturday and Sunday from 10 am – 7 pm CST (excluding U.S. holidays).
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SOURCE AXEL Royal LLC | https://www.whsv.com/prnewswire/2022/08/24/axel-royal-llc-provides-notice-data-security-incident/ | 2022-08-24T21:37:32Z |
FRANKLIN LAKES, N.J., Aug. 24, 2022 /PRNewswire/ -- BD (Becton, Dickinson and Company) (NYSE: BDX), a leading global medical technology company, today announced that it will present at the Wells Fargo 2022 Healthcare Conference on Wednesday, September 7, 2022 at 12:30pm Eastern Time.
The live webcast of BD's presentation can be accessed from the BD investor relations website, investors.bd.com. A replay of the event will be available on the same webpage following its conclusion.
About BD
BD is one of the largest global medical technology companies in the world and is advancing the world of health by improving medical discovery, diagnostics and the delivery of care. The company supports the heroes on the frontlines of health care by developing innovative technology, services and solutions that help advance both clinical therapy for patients and clinical process for health care providers. BD and its 75,000 employees have a passion and commitment to help enhance the safety and efficiency of clinicians' care delivery process, enable laboratory scientists to accurately detect disease and advance researchers' capabilities to develop the next generation of diagnostics and therapeutics. BD has a presence in virtually every country and partners with organizations around the world to address some of the most challenging global health issues. By working in close collaboration with customers, BD can help enhance outcomes, lower costs, increase efficiencies, improve safety and expand access to health care. For more information on BD, please visit bd.com or connect with us on LinkedIn at www.linkedin.com/company/bd1/ and Twitter @BDandCo.
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SOURCE BD (Becton, Dickinson and Company) | https://www.whsv.com/prnewswire/2022/08/24/bd-present-wells-fargo-2022-healthcare-conference/ | 2022-08-24T21:37:39Z |
LAKE FOREST, Calif., Aug. 24, 2022 /PRNewswire/ -- BIOLASE, Inc. (NASDAQ: BIOL), the global leader in dental lasers, today announced it has been invited to present at the Lake Street 6th Annual Best Ideas Growth Conference being held September 14, 2022. John Beaver, President and Chief Executive Officer, and Jennifer Bright, Chief Financial Officer, will present in-person to institutional investors and analysts during the event in New York City.
BIOLASE is a medical device company that develops, manufactures, markets, and sells laser systems in dentistry and medicine. BIOLASE's products advance the practice of dentistry and medicine for patients and healthcare professionals. BIOLASE's proprietary laser products incorporate approximately 302 patented and 31 patent-pending technologies designed to provide biologically and clinically superior performance with less pain and faster recovery times. BIOLASE's innovative products provide cutting-edge technology at competitive prices to deliver superior results for dentists and patients. BIOLASE's principal products are dental laser systems that perform a broad range of dental procedures, including cosmetic and complex surgical applications. From 1998 through December 31, 2021, BIOLASE has sold over 43,300 laser systems in over 80 countries around the world. Laser products under development address BIOLASE's core dental market and other adjacent medical and consumer applications.
For updates and information on Waterlase iPlus®, Waterlase Express™, and laser dentistry, find BIOLASE online at www.biolase.com, Facebook at www.facebook.com/biolase, Twitter at www.twitter.com/biolaseinc, Instagram at www.instagram.com/waterlase_laserdentistry, and LinkedIn at www.linkedin.com/company/biolase.
BIOLASE®, Waterlase® and Waterlase iPlus® are registered trademarks of BIOLASE, Inc.
Cautionary Statement Regarding Forward-Looking Statements
This press release contains forward-looking statements, as that term is defined in the Private Litigation Reform Act of 1995, that involve significant risks and uncertainties, including statements, regarding BIOLASE's expected revenue and revenue growth and beliefs regarding its financial resources. Forward-looking statements can be identified through the use of words such as "may," "might," "will," "intend," "should," "could," "can," "would," "continue," "expect," "believe," "anticipate," "estimate," "predict," "outlook," "potential," "plan," "seek," and similar expressions and variations or the negatives of these terms or other comparable terminology. Readers are cautioned not to place undue reliance on these forward-looking statements, which reflect BIOLASE's current expectations and speak only as of the date of this release. Actual results may differ materially from BIOLASE's current expectations depending upon a number of factors. These factors include, among others, the coronavirus (COVID-19) and the effects of the outbreak and actions taken in connection therewith, adverse changes in general economic and market conditions, competitive factors including but not limited to pricing pressures and new product introductions, uncertainty of customer acceptance of new product offerings and market changes, risks associated with managing the growth of the business, and those other risks and uncertainties that are described in the "Risk Factors" section of BIOLASE's most recent annual report filed on Form 10-K filed with the Securities and Exchange Commission. Except as required by law, BIOLASE does not undertake any responsibility to revise or update any forward-looking statements.
For further information, please contact:
EVC Group LLC
Michael Polyviou / Todd Kehrli
(732) 933-2754
mpolyviou@evcgroup.com / tkehrli@evcgroup.com
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SOURCE BIOLASE, Inc. | https://www.whsv.com/prnewswire/2022/08/24/biolase-participate-lake-street-6th-annual-best-ideas-growth-conference-september-14-2022/ | 2022-08-24T21:37:45Z |
DOWNERS GROVE, Ill., Aug. 24, 2022 /PRNewswire/ -- Blue Bite, part of Markem-Imaje and Dover (NYSE: DOV), and a global leader in connected products technology, was recently named an NFC Forum 2022 Innovation Award winner for "Most Innovative Use of NFC."
Blue Bite's winning program was part of a tech-led re-imagination of a global online commerce company that resulted in a 90% customer satisfaction rate on authenticated transactions. In collaboration with Blue Bite, the company introduced an authenticity guarantee, as well as an innovative NFC-powered program that assures the authenticity of purchases, including refurbished items, dramatically improving the transaction experience for consumers and sellers.
"Our goal is to transform how brands connect with consumers using physical products," said Blue Bite's Co-Founder and Managing Director, Mikhail Damiani. "Blue Bite's authentication experience utilizes NFC tags to deliver increased safety, trust and transparency to consumers, providing them with peace of mind and serving as an incentive for them to scan. As consumers become more accustomed to interacting via scanning products, it opens the door for brands to offer additional value through personalized storytelling, product commerce, circularity and sustainability."
In addition to utilizing NFC tags, Blue Bite unlocks the potential of physical products by empowering brands to build dynamic digital consumer experiences and channel them through physical items using connecting technologies like QR codes and Shadowfencing™.
The NFC Forum Innovation Awards support and recognize the development and deployment of innovative and exemplary NFC products, services and applications, with a focus on improving people's lives through contactless technology.
Blue Bite has also been recognized by dotCOMM Awards, receiving a Platinum Award for Mobile/Apps: Use of QR Code. dotCOMM Awards is an international competition honoring companies and individuals whose talent exceeds a high standard of excellence and whose work serves as a benchmark for the industry as it transforms how we market and communicate products and services.
About Blue Bite:
The world's leading connected products platform, Blue Bite empowers brands to open a new two-way, interactive digital communication channel with consumers through the simple scan of a QR code or NFC tag. The patented Blue Bite Experience Suite™ allows brands to create and deliver personalized mobile experiences at scale using an intuitive, brand-managed software platform. Blue Bite's dynamic and contextual ability to update messaging in real time throughout the product lifecycle delivers an unprecedented experience that builds consumer engagement and loyalty, uncovers actionable insights, accelerates sales, reduces churn, and provides product authentication and traceability. Founded in 2007, Blue Bite is a leading brand of Markem-Imaje®, a global product identification and traceability solutions leader. Visit www.bluebite.com for further information.
About Markem-Imaje:
Markem-Imaje, a wholly owned subsidiary of the US-based Dover Corporation is a trusted world manufacturer of product identification and traceability solutions, offering a full line of reliable and innovative inkjet, thermal transfer, laser, and print and apply label systems. Markem-Imaje provides global reach to over 50,000 customers with 30 subsidiaries, 6 technology centers, several equipment repair centers and manufacturing plants with the most comprehensive marking and coding portfolio available in the marketplace. Visit www.markem-imaje.com for further information.
About Dover:
Dover is a diversified global manufacturer and solutions provider with annual revenue of approximately $8 billion. We deliver innovative equipment and components, consumable supplies, aftermarket parts, software and digital solutions, and support services through five operating segments: Engineered Products, Clean Energy & Fueling, Imaging & Identification, Pumps & Process Solutions and Climate & Sustainability Technologies. Dover combines global scale with operational agility to lead the markets we serve. Recognized for our entrepreneurial approach for over 65 years, our team of over 25,000 employees takes an ownership mindset, collaborating with customers to redefine what's possible. Headquartered in Downers Grove, Illinois, Dover trades on the New York Stock Exchange under "DOV." Additional information is available at dovercorporation.com.
Markem-Imaje Contact:
Viktor Hermansson
+34 627 80 86 10
vhermansson@markem-imaje.com
Dover Media Contact:
Adrian Sakowicz, VP, Communications
(630) 743-5039
asakowicz@dovercorp.com
Dover Investor Contact:
Jack Dickens, Senior Director, Investor Relations
(630) 743-2566
jdickens@dovercorp.com
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SOURCE Dover | https://www.whsv.com/prnewswire/2022/08/24/blue-bite-named-an-nfc-forum-2022-innovation-award-winner-most-innovative-use-nfc-technology/ | 2022-08-24T21:37:52Z |
NEW YORK, Aug. 24, 2022 /PRNewswire/ -- Blue Owl Capital Inc. (NYSE: OWL) ("Blue Owl" or the "Company"), today announced the results of the redemption of all of its outstanding redeemable warrants (the "Public Warrants") to purchase shares of the Company's Class A common stock, par value $0.0001 per share (the "Class A Shares"), pursuant to the Amended and Restated Warrant Agreement, dated May 19, 2021 (the "Warrant Agreement"), by and between the Company and Computershare Inc. and its wholly-owned subsidiary, Computershare Trust Company, N.A., as warrant agent (the "Warrant Agent"), for a redemption price of $0.10 per Public Warrant (the "Redemption Price") at 5:00 p.m. New York City time on August 18, 2022 (the "Redemption Date").
On July 18, 2022, the Company issued a press release stating that, pursuant to the terms of the Warrant Agreement, it would redeem all of the outstanding Public Warrants at the Redemption Price. The redemption was triggered because the last sales price of the Class A Shares was at least $10.00 per share on each of twenty trading days within a thirty-day trading period ending on the third trading day prior to July 18, 2022. Certain warrants to purchase Class A Shares that were issued in a private placement (the "Private Placement Warrants" and, together with Public Warrants, the "Warrants") were not subject to redemption under the Warrant Agreement and may remain outstanding following the redemption.
Of the 14,159,048 Warrants (9,159,048 Public Warrants and 5,000,000 Private Placement Warrants) that were outstanding on July 18, 2022, approximately 14,553 were exercised for cash at an exercise price of $11.50 per Class A Share in exchange for an aggregate of 14,553 Class A Shares and 8,961,029 were exercised on a cashless basis in exchange for an aggregate of 2,141,601 Class A Shares, in each case in accordance with the terms of the Warrant Agreement. Total cash proceeds generated from exercises of the Public Warrants were $171,185. Immediately following the redemption, the Company expects to have zero Public Warrants, 5,000,000 Private Placement Warrants and 442,117,260 of Class A Shares outstanding.
In connection with the redemption, the Warrants stopped trading on the New York Stock Exchange (the "NYSE") and were delisted, with the trading halt announced after close of market on the Redemption Date. The redemption had no effect on the trading of the Class A Shares, which continue to trade on the NYSE under the symbol "OWL."
About Blue Owl Capital Inc.
Blue Owl is a global alternative asset manager with $119.1 billion of assets under management as of June 30, 2022. Anchored by a strong permanent capital base, the firm deploys private capital across Direct Lending, GP Capital Solutions and Real Estate strategies on behalf of Institutional and Private Wealth clients. Blue Owl's flexible, consultative approach helps position the firm as a partner of choice for businesses seeking capital solutions to support their sustained growth. The firm's management team is comprised of seasoned investment professionals with more than 30 years of experience building alternative investment businesses. Blue Owl employs over 450 people across 10 offices globally.
No Offer or Solicitation
This communication does not constitute an offer to sell or the solicitation of an offer to buy any securities or a solicitation of any vote or approval, nor shall there be any sale of any securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of such other jurisdiction.
Forward Looking Statements
Certain statements made in this press release are "forward looking statements" within the meaning of the "safe harbor" provisions of the United States Private Securities Litigation Reform Act of 1995. When used in this press release, the words "estimates," "projected," "expects," "anticipates," "forecasts," "plans," "intends," "believes," "seeks," "may," "will," "would," "should," "future," "propose," "target," "goal," "objective," "outlook" and variations of these words or similar expressions (or the negative versions of such words or expressions) are intended to identify forward-looking statements. Any such forward-looking statements are made pursuant to the safe harbor provisions available under applicable securities laws and speak only as of the date made. Blue Owl assumes no obligation to update or revise any such forward-looking statements except as required by law.
These forward-looking statements are not guarantees of future performance, conditions or results, and involve a number of known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside Blue Owl's control, that could cause actual results or outcomes to differ materially from those discussed in the forward-looking statements.
Investor Contact
Ann Dai
Head of Investor Relations
blueowlir@blueowl.com
Media Contact
Prosek Partners
David Wells / Nick Theccanat
Pro-blueowl@prosek.com
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SOURCE Blue Owl Capital Inc. | https://www.whsv.com/prnewswire/2022/08/24/blue-owl-capital-inc-announces-results-redemption-public-warrants/ | 2022-08-24T21:37:58Z |
DALLAS, Aug. 24, 2022 /PRNewswire/ -- Bradley Arant Boult Cummings LLP is pleased to announce that Courtlyn Ward has joined the firm's Dallas office as an associate in the Government Enforcement & Investigations Practice Group.
"We are pleased to welcome Courtlyn to the firm and know that her experience and her commitment to advocating for her clients will make her an asset to our team," said Bradley Dallas Office Managing Partner Richard A. Sayles.
Ms. Ward concentrates her practice on complex business disputes and government enforcement matters. She regularly works with clients across a broad range of industries on issues related to partnerships and shareholders, construction, real estate, licensing and trademarks.
Ms. Ward received her J.D. from the University of Texas School of Law and her B.A. from Baylor University. She is a member of the Dallas Association of Young Lawyers and serves on the board of the Young Lawyers Section of the Collin County Bar Association.
With the addition of Ms. Ward, Bradley's Dallas office has more than tripled in size over the last three years, growing into a full-service office with particular strength in its litigation, finance, corporate, government enforcement, fintech and emerging business practice areas. The firm now has more than 50 lawyers located across its offices in Dallas and Houston and has more than 70 lawyers licensed in the state, which is part of Bradley's strategic plan to prioritize high-quality, high-value legal services for its clients in Texas and beyond.
Bradley's Government Enforcement & Investigation Practice Group is comprised of seasoned defense attorneys with decades of government and industry experience, as well as former federal prosecutors and accomplished civil litigators. The team works with companies and individuals in a range of government and internal investigations, regulatory inquiries, white-collar criminal defense matters, compliance issues, civil litigation, and enforcement actions.
About Bradley
Bradley combines skilled legal counsel with exceptional client service and unwavering integrity to assist a diverse range of corporate and individual clients in achieving their business goals. With offices in Alabama, Florida, Mississippi, North Carolina, Tennessee, Texas, and the District of Columbia, the firm's more than 600 lawyers represent regional, national and international clients in various industries, including banking and financial services, construction, energy, healthcare, life sciences, manufacturing, real estate, and technology, among many others.
Social Media: @bradleylegal, #legalnews, #lawyers
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SOURCE Bradley Arant Boult Cummings LLP | https://www.whsv.com/prnewswire/2022/08/24/bradley-adds-associate-courtlyn-ward-dallas-office/ | 2022-08-24T21:38:05Z |
BRENHAM, Texas, Aug. 24, 2022 /PRNewswire/ -- It all began in the kitchen because togetherness naturally centers around food. It started in a kitchen in 1982 when quality ingredients were blended into beloved recipes for salad dressing and Del Sol Food Company, manufacturers of BRIANNAS Fine Salad Dressing, was born. This year the company celebrates its 40th anniversary.
Located in Brenham, Tex., BRIANNAS is the number one premium salad dressing brand in the United States. BRIANNAS produces three salad dressing lines including Home Style, Organic and Avocado Oil. With a manufacturing facility and global distribution center, BRIANNAS maintains their commitment to using only the finest ingredients and an unwavering dedication to quality.
"For 40 years, BRIANNAS has been committed to producing high quality products, and we are proud to celebrate this achievement," said Scott Eckert, president, and CEO of BRIANNAS. "Through booms, recessions and, more recently, a global pandemic, BRIANNAS has stood the test of time simply because we have consistently made delicious salad dressings."
For a limited time, BRIANNAS will be commemorating their anniversary with special edition packaging on their top five Home Style flavors, including the best-selling Rich Poppy Seed, Blush Wine Vinaigrette, Asiago Caesar, Real French Vinaigrette, and New American Creamy Balsamic. Products with the special packaging are on store shelves now for a limited time.
For more information, including history, where to purchase BRIANNAS dressings, and recipe inspiration, visit www.BRIANNAS.com. Follow BRIANNAS social media pages for the latest news and flavor information.
Since 1982, BRIANNAS premium salad dressings have served retailers and distributors throughout the US and the world. Produced in Brenham, Texas, the gourmet dressings continue to grow in popularity among consumers who value great tasting food made in small batches with premium ingredients. BRIANNAS produces 16 home style flavors, 5 organic dressings, and 3 with avocado oil. None of the dressings contain high-fructose corn syrup or trans fats, 22 are gluten-free, 17 are certified Kosher and five, GMO-free.
BRIANNAS delectable dressings have won numerous first place awards for their spectacular taste and have been featured in Real Simple, Southern Living, Food & Wine, Women's Health and on NBC's "The Today Show." For more information, visit BRIANNAS.com or find BRIANNAS on Facebook, Instagram, and Pinterest.
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SOURCE BRIANNAS Fine Salad Dressing | https://www.whsv.com/prnewswire/2022/08/24/briannas-celebrates-40-years-premium-dressing/ | 2022-08-24T21:38:12Z |
Company to change ticker to MODG, reflecting its leadership in the much larger,
more dynamic and inclusive Modern Golf ecosystem
CARLSBAD, Calif. , Aug. 24, 2022 /PRNewswire/ -- Callaway Golf Company (NYSE: ELY) (the "Company") announced today plans to change its corporate name to Topgolf Callaway Brands Corp. ("Topgolf Callaway Brands"). Following the Company's merger with Topgolf in 2021, the name change reflects the Company's dynamic brand portfolio that has unmatched scale and reach across the full Modern Golf and active lifestyle ecosystem, including on- and off-course golf.
"We are excited to introduce Topgolf Callaway Brands, which better acknowledges our long-term strategic path forward, while emphasizing our unique and dominant leadership in the Modern Golf space," commented Chip Brewer, President and Chief Executive Officer of the Company. "With the change, our new corporate identity will reinforce the opportunities that are anchored in our strong heritage business and at the same time build important awareness for our strategic shift towards exciting new ventures in the Modern Golf and active lifestyle segments."
Mr. Brewer continued, "We believe that Topgolf Callaway Brands simultaneously communicates robust growth and change along with stability and strength."
The Company expects the corporate name change to be effective on or about September 6, 2022. In connection with the change, effective on or about September 7, 2022, the Company also intends to change its ticker symbol on the New York Stock Exchange from "ELY" to "MODG" to reflect the Company's leadership position in the Modern Golf ecosystem.
Following the corporate name change, each of the Company's brands will retain their unique identities and go-to market strategies. Topgolf Callaway Brands will continue to be led by the current Callaway Golf Company management team.
About Callaway Golf Company (The future Topgolf Callaway Brands Corp.)
Callaway Golf Company, which is changing its name to Topgolf Callaway Brands Corp., is an unrivaled tech-enabled Modern Golf and active lifestyle company delivering leading golf equipment, apparel, and entertainment, with a portfolio of global brands including Topgolf, Callaway Golf, TravisMathew, Toptracer, Odyssey, OGIO, Jack Wolfskin, and World Golf Tour ("WGT"). "Modern Golf" is the dynamic and inclusive ecosystem that includes both on-course and off-course golf. For more information, please visit ir.callawaygolf.com.
Forward-Looking Statements
This press release contains forward-looking statements as defined under the Private Securities Litigation Reform Act of 1995. These statements include the Company's expectation of the effective date of the name change; the Company's intention for its common shares to continue to be listed for trading on the New York Stock Exchange under the new ticker symbol "MODG" beginning on or about September 7, 2022, and other statements regarding the Company's "expectations," "beliefs," "hopes," "intentions," "strategies," or the like. These statements are based upon current information and expectations and involve unknown risks, uncertainties, assumptions, and other factors, many of which are out of the Company's control and difficult to forecast, which could cause actual results to differ materially from the forward-looking statements. For additional information concerning these and other risks and uncertainties that could affect these statements and the Company's business, see the Company's Annual Report on Form 10-K for the year ended December 31, 2021, as well as other risks and uncertainties detailed from time to time in the Company's reports on Forms 10-K, 10-Q and 8-K subsequently filed with the Securities and Exchange Commission. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. The Company undertakes no obligation to republish revised forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.
Contact:
Patrick Burke
760-931-1771
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SOURCE Callaway Golf Company | https://www.whsv.com/prnewswire/2022/08/24/callaway-golf-company-announces-plans-new-corporate-name-topgolf-callaway-brands-corp/ | 2022-08-24T21:38:19Z |
eRadiology coverage from the nationally recognized pediatric imaging experts began this month
NEW ORLEANS, Aug. 24, 2022 /PRNewswire/ -- Children's Hospital New Orleans and Cleveland Clinic are pleased to announce a new affiliation to expand access to board-certified pediatric radiology experts for children and families of New Orleans and Louisiana. Through the partnership, a team of 16 Cleveland Clinic pediatric and neuro-radiologists will supplement the existing Children's Hospital New Orleans pediatric radiology team. The Cleveland Clinic team will work in collaboration with Children's New Orleans-based board-certified pediatric radiologists so that all Children's Hospital New Orleans locations have 24/7 access to pediatric fellowship-trained radiologists.
"We are proud to launch our affiliation with Cleveland Clinic, one of the nation's top healthcare institutions, to ensure that families throughout Louisiana and the Gulf South have access to the very best pediatric imaging expertise close to home through implementation of their innovative teleradiology platform," said Jonathan Brouk, Chief Operating Officer and Chief Strategy Officer for Children's Hospital New Orleans. "This means families will know their child's imaging is read by pediatric experts at all Children's Hospital New Orleans locations at any time of day, instead of having to rely on adult radiologists or waiting until the next day for a study to be read by a pediatric expert, as is the case at other pediatric facilities in our community."
All of the Cleveland Clinic radiologists are board-certified and have advanced subspecialty training in pediatrics. The parties are also planning to expand the partnership to include an additional four specialists from Cleveland Clinic to read cardiac MRI images, bridging expertise between imaging and heart care and expanding Children's New Orleans' cardiac imaging capabilities.
"Our team is committed to ensuring that patients receiving care at Children's Hospital New Orleans receive the highest quality imaging available," said Michael Aquino, M.D., medical director of Overnight Pediatric Radiology at Cleveland Clinic. "From the initial scan to the report results, we strive to deliver an uncompromising level of quality to each and every child and family we serve, along with the entire care team".
Through the affiliation, Cleveland Clinic's pediatric radiologists will provide a comprehensive imaging experience: from the development of exam protocols, to rapid, accurate interpretation, to physician consultation. Cleveland Clinic's eRadiology service provides teleradiology services to hospitals, imaging centers and physician group practices by using high speed, secure internet connections, instant messaging and advanced RIS and PACS (Radiology Information System/Picture Archiving and Communication System) systems. This technology also allows referring physicians with electronic access to their patient's images and reports via a secure web viewer.
The partnership also supports Children's Hospital's pediatric trauma program – the only pediatric trauma program in the region – that recently started accepting trauma patients directly from the scene of accidents. The Children's trauma program is currently pursuing accreditation from the American College of Surgeons.
The all-new Imaging Center at Children's Hospital New Orleans opened in April 2020 as part of the hospital's $300 million campus expansion. The Center combines top experts in pediatric radiology with advanced technology to provide precise and safe imaging for patients, in an environment that is child friendly at every level. Additionally, the Center's state-of-the-art imaging suites are part of an Adventure Series developed in partnership with GE. Many radiology services are also available at satellite locations throughout the state and region.
To learn more about Imaging services at Children's Hospital New Orleans, visit www.chnola.org.
Children's Hospital is a 257-bed, non-profit academic pediatric medical center that offers comprehensive healthcare services, including over 40 pediatric specialties, delivered just for children. With more than 600 pediatric providers, Children's offers a comprehensive array of pediatric healthcare services in Louisiana and the Gulf South. In addition to its main campus located in New Orleans, the hospital operates a network of specialty clinics across Louisiana, including in Covington, Baton Rouge, Alexandria, Lafayette, and Bay St. Louis, MS. Children's offers primary care services at 12 convenient locations and remotely via its Virtual Care for Kids program. Children's is a proud member of LCMC Health, a Louisiana-based, not-for-profit hospital system which also includes New Orleans East Hospital, Touro, University Medical Center New Orleans, West Jefferson Medical Center, and East Jefferson General Hospital. Learn more at chnola.org.
Cleveland Clinic is a nonprofit multispecialty academic medical center that integrates clinical and hospital care with research and education. Located in Cleveland, Ohio, it was founded in 1921 by four renowned physicians with a vision of providing outstanding patient care based upon the principles of cooperation, compassion and innovation. Cleveland Clinic has pioneered many medical breakthroughs, including coronary artery bypass surgery and the first face transplant in the United States. U.S. News & World Report consistently names Cleveland Clinic as one of the nation's best hospitals in its annual "America's Best Hospitals" survey. Among Cleveland Clinic's 72,500 employees worldwide are more than 5,050 salaried physicians and researchers, and 17,800 registered nurses and advanced practice providers, representing 140 medical specialties and subspecialties. Cleveland Clinic is a 6,500-bed health system that includes a 173-acre main campus near downtown Cleveland, 22 hospitals, more than 220 outpatient facilities, including locations in northeast Ohio; southeast Florida; Las Vegas, Nevada; Toronto, Canada; Abu Dhabi, UAE; and London, England. In 2021, there were 10.2 million total outpatient visits, 304,000 hospital admissions and observations, and 259,000 surgical cases throughout Cleveland Clinic's health system. Patients came for treatment from every state and 185 countries. Visit us at clevelandclinic.org. Follow us at twitter.com/ClevelandClinic. News and resources available at newsroom.clevelandclinic.org.
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SOURCE Children’s Hospital New Orleans | https://www.whsv.com/prnewswire/2022/08/24/childrens-hospital-new-orleans-expands-radiology-services-through-innovative-new-affiliation-with-cleveland-clinic-imaging-institute/ | 2022-08-24T21:38:25Z |
SPARTA, Mich., Aug. 24, 2022 /PRNewswire/ -- ChoiceOne Financial Services, Inc. announced today that its Board of Directors has declared a cash dividend on the Corporation's common stock of $0.25 per share. The cash dividend is payable to shareholders of record as of September 15, 2022 and will be paid on September 30, 2022. The dividend declared for the third quarter of 2022 is equal to the dividend paid in the second quarter of 2022 and third quarter of 2021.
ChoiceOne Financial Services, Inc. is a financial holding company headquartered in Sparta, Michigan and the parent corporation of ChoiceOne Bank, Member FDIC. ChoiceOne Bank operates 35 offices in parts of Kent, Lapeer, Macomb, Muskegon, Newaygo, Ottawa, and St. Clair Counties in Michigan. ChoiceOne Bank offers insurance and investment products through its subsidiary, ChoiceOne Insurance Agencies, Inc. ChoiceOne Financial Services, Inc. common stock is quoted on the NASDAQ Capital Market under the symbol "COFS." For more information, please visit Investor Relations at ChoiceOne's website at www.choiceone.com.
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SOURCE ChoiceOne Financial Services, Inc. | https://www.whsv.com/prnewswire/2022/08/24/choiceone-financial-announces-cash-dividend/ | 2022-08-24T21:38:32Z |
News Summary:
- Cisco appoints Sarah Rae Murphy to its board of directors effective August 24, 2022
- Murphy's broad executive leadership experience in finance, operations, innovation, and transformation will bring additional valuable perspective to Cisco's board
- Cisco Board size increases to 12
SAN JOSE, Calif., Aug. 24, 2022 /PRNewswire/ -- Cisco announced the appointment of Sarah Rae Murphy to its board of directors effective today.
"Sarah is a highly accomplished leader, and we are excited to welcome her to the Cisco Board," said Chuck Robbins, Chair and CEO, Cisco. "She's played a pivotal role leading a large enterprise organization through a transformation aimed at enhancing customer experience—a track record that will help shape Cisco's strategy for supporting our customers as they leverage our technology to drive their businesses forward."
Murphy served in several executive roles during her 16 years at United Airlines, most recently as chief procurement officer and senior vice president of Global Sourcing. Throughout her time at United, Murphy served in leadership roles ranging from financial to operational and customer-facing in nature, including as senior vice president for United Express, vice president of Global Operations Strategy, Planning and Design and vice president of Financial Planning and Analysis. Prior to joining United in 2006, Murphy served as an analyst at Merrill Lynch in its investment banking division.
Murphy holds a Bachelor of Science in Operations Research - Engineering Management Systems from Columbia University's School of Engineering and Applied Science.
In addition to Murphy, Cisco board members include: M. Michele Burns, Wesley G. Bush, Michael D. Capellas, Mark Garrett, John D. Harris II, Dr. Kristina M. Johnson, Roderick C. McGeary, Chuck Robbins, Brenton L. Saunders, Dr. Lisa Su, and Marianna Tessel. For more information about Cisco's board of directors visit here.
Cisco (NASDAQ: CSCO) is the worldwide leader in technology that powers the Internet. Cisco inspires new possibilities by reimagining your applications, securing your data, transforming your infrastructure, and empowering your teams for a global and inclusive future. Discover more on The Newsroom and follow us on Twitter at @Cisco.
Cisco and the Cisco logo are trademarks or registered trademarks of Cisco and/or its affiliates in the U.S. and other countries. A listing of Cisco's trademarks can be found at www.cisco.com/go/trademarks.
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SOURCE Cisco Systems, Inc. | https://www.whsv.com/prnewswire/2022/08/24/cisco-appoints-sarah-rae-murphy-its-board-directors/ | 2022-08-24T21:38:39Z |
Findings from experts around the world show the increasing influence of ESG across sectors.
NEW YORK, Aug. 24, 2022 /PRNewswire/ -- Coleman Research, a leading expert network, has released a new study to determine the impact of ESG on M&A activity and corporate strategy today and in the future. The study surveyed over 500 experts across all sectors of the economy, all of whom have been involved in recent M&A decisions and ESG activities in their organizations. All respondents are part of Coleman's extensive expert network, which features nearly ½ million senior-level experts around the world.
ESG is increasingly driving M&A decisions and corporate strategy
42% of experts believe ESG currently plays an important role in their organization's M&A activity. However, 68% believe it will become even more important over the next two years. This theme also applies more broadly to corporate strategy overall. 56% of experts feel ESG plays a significant role in their organization's corporate strategy currently, and 77% believe that ESG will be a significant a driver of corporate strategy in the next two years.
The study also examines the importance of specific ESG factors (environmental, social and governance) on M&A decisions by sector as well as the most important ESG motivations overall, such as goodwill with the public, employees, internal efficiencies and more.
Coleman Research is a leading resource for ESG experts and beyond
"For 20 years, we've helped clients stay ahead of the curve on emerging topics and key fundamentals. As ESG becomes even more important for the world's largest institutional investors, consulting firms and corporations, our clients have been able to navigate decisions with more confidence and clarity, using insights from our experts." said Brad Mehl, Chief Marketing Officer of Coleman Research. "Whether it's about renewable energy, sustainable packaging or the future of transportation and beyond, ESG touches all sectors, with market implications that are not always intuitive."
The study can be accessed here: https://use.colemanrg.com/esg-ma-report/
Recently, Coleman also launched ESG Happenings, a new online resource center with curated articles about key developments in ESG within specific sectors. https://www.colemanrg.com/esg-happenings/
Coleman is a leading expert network and part of VisasQ Group. For nearly 20 years, it has been trusted by the world's largest Asset Management Funds, Management Consultancies and Corporations for rapid insights from hard-to-find experts. Together with VisasQ, Coleman's network includes nearly ½ million registered experts in 190 countries. It is known for the highest standards of excellence, with dedicated client teams, 24/7 global support, proprietary technology and rigorous compliance protocols. Its offices around the world are based in the Americas, EMEA and APAC.
With our mission of "We make insightful connections possible between global leaders and people with expertise," VisasQ operates a knowledge platform that promotes innovation across the globe by connecting more than 490,000 experts in 190 countries. In March 2020, VisasQ became a listed company on the Tokyo Stock Exchange, and in November 2021, we acquired Coleman Research Group, a leading U.S. Expert Network Service (ENS) company.
We establish seven global offices in Japan (Tokyo), the U.S.(New York, California, North Carolina), Singapore, Hong Kong and the United Kingdom (London) with 450 employees.
VisasQ provides a variety of services such as interviews, online surveys, outsourcing that connect insights of individuals to help solve a range of challenges in strategic planning, new business development, DX promotion, organization development and etc. Our global knowledge platform supports more than 1,000 clients such as consulting firms, financial institutions, major industrial companies and local governments.
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SOURCE Coleman Research Group | https://www.whsv.com/prnewswire/2022/08/24/coleman-research-releases-study-esg-impact-mampa-corporate-strategy/ | 2022-08-24T21:38:45Z |
Comerica to Participate in Barclays Global Financial Services Conference; Announces Details for Conference Call to Review Third Quarter 2022 Earnings
Published: Aug. 24, 2022 at 4:15 PM EDT|Updated: 1 hour ago
DALLAS, Aug. 24, 2022 /PRNewswire/ -- Comerica Incorporated (NYSE: CMA) announced it will participate in the Barclays Global Financial Services Conference on Tuesday, Sept. 13, 2022.
Comerica Incorporated also provided details for its third quarter 2022 earnings call on Wednesday, Oct. 19, 2022.
Interested parties may access additional information through the following details:
Barclays Global Financial Services Conference:
Third Quarter 2022 Earnings Conference Call:
In addition, the conference presentation, financial results and earnings presentation will be furnished on Form 8-K filings that will be available on the Securities and Exchange Commission website at www.sec.gov.
Comerica Incorporated (NYSE: CMA) is a financial services company headquartered in Dallas, Texas, and strategically aligned by three business segments: The Commercial Bank, The Retail Bank, and Wealth Management. Comerica focuses on relationships, and helping people and businesses be successful. In addition to Texas, Comerica Bank locations can be found in Arizona, California, Florida and Michigan, with select businesses operating in several other states, as well as in Canada and Mexico.
The above press release was provided courtesy of PRNewswire. The views, opinions and statements in the press release are not endorsed by Gray Media Group nor do they necessarily state or reflect those of Gray Media Group, Inc. | https://www.whsv.com/prnewswire/2022/08/24/comerica-participate-barclays-global-financial-services-conference-announces-details-conference-call-review-third-quarter-2022-earnings/ | 2022-08-24T21:38:52Z |
SPARTANBURG, S.C., Aug. 24, 2022 /PRNewswire/ -- Denny's Corporation (NASDAQ: DENN) today announced the appointment of John Dillon as President of Denny's Inc. and David Schmidt as President of Keke's Breakfast Café. Dillon and Schmidt will report to Chief Executive Officer Kelli Valade.
"It was a priority for the Denny's Corporation Board of Directors and I to identify exceptional leaders to take advantage of the many opportunities in front of us for both Denny's and Keke's," said Valade. "John and David have distinguished track records within the restaurant industry and have demonstrated unwavering commitments to delivering exceptional guest experiences. They also are dedicated to talent development, operational rigor and technological transformation, which is exactly what we need as we enter the next phase of our growth for Denny's and Keke's. I look forward to working with John and David to take our portfolio of brands forward."
Dillon brings over two decades of restaurant expertise to his appointment as president of Denny's Inc. In his most recent role as Chief Brand Officer of Denny's, Dillon has helped to deliver greater shareholder value through the amplification of Denny's America's Diner brand positioning; fostering a collaborative culture with franchisees; launching Denny's on Demand, the first delivery platform in family dining; launching two successful virtual brands; creating successful LTO offers and brand partnerships; growing Denny's purpose-led social responsibility impact; and simplifying the core Denny's menu with a focus on improved product quality and operational execution.
"It's a great privilege for me to continue serving Denny's through such an extraordinary time that I believe will be a period of continued growth and success for our brand, our team and our shareholders," said Dillon. "Denny's position as America's Diner has never been more important and I'm looking forward to partnering with our dedicated franchisees and teams as we enter into the next stage of revitalization for this iconic brand."
Schmidt is a 30-year veteran of the restaurant industry who brings to Keke's a proven track record of operations, marketing, finance, training and HR leadership. In addition to most recently serving as Chief Financial Officer of Red Lobster and Bloomin' Brands, his experience includes serving as President of Bonefish Grill, during which he was responsible for developing and implementing the long-term growth strategy of a 200-unit polished casual concept. While leading Bonefish Grill, Schmidt built a talented and diverse leadership team that drove sales and traffic growth through differentiated brand positioning, improved product quality and execution, margin expansion, and increased employee retention.
"I'm excited about the growth opportunities in the quickly evolving AM eatery category and look forward to leveraging my experience alongside the entire Keke's team to bring our shareholders more value by growing the brand beyond Florida and positioning it as the leading franchised AM eatery in the country."
Dillon's appointment as president of Denny's will be effective on September 1, 2022, and Schmidt's appointment as president of Keke's Breakfast Café will be effective on September 12, 2022. Denny's Inc. will immediately launch an active search for a new Chief Marketing Officer.
Denny's Corporation is the franchisor and operator of one of America's largest franchised full-service restaurant chains, based on the number of restaurants. As of June 29, 2022, Denny's had 1,631 franchised, licensed, and company restaurants around the world including 154 restaurants in Canada, Puerto Rico, Mexico, the Philippines, New Zealand, Honduras, the United Arab Emirates, Costa Rica, Guam, Guatemala, El Salvador, Indonesia, and the United Kingdom. For further information on Denny's, including news releases, please visit the Denny's website at www.dennys.com or the brand's social channel via Facebook, Twitter, Instagram, TikTok, LinkedIn or YouTube.
Keke's Breakfast Café is an AM eatery that's dedicated to providing handmade breakfast using the best ingredients available, including fresh fruits and vegetables and the highest quality bread and dairy products. As of June 29, Keke's had 52 franchise-operated and company-owned restaurants across Florida. For further information on Keke's Breakfast Café, visit www.kekes.com.
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SOURCE Denny's | https://www.whsv.com/prnewswire/2022/08/24/dennys-corporation-appoints-john-dillon-president-dennys-inc-david-schmidt-president-kekes-breakfast-caf/ | 2022-08-24T21:39:00Z |
New Independent Director, Aparna Chennapragada, brings significant technology expertise
Katie Mitic, Founder & CEO of SomethingElse, to step down from eBay Board of Directors
SAN JOSE, Calif., Aug. 24, 2022 /PRNewswire/ -- eBay Inc. (Nasdaq: EBAY), a global commerce leader that connects millions of buyers and sellers around the world, today announced the appointment of Aparna Chennapragada to its Board of Directors effective immediately. The company also announced that Katie Mitic has decided to step down from the Board of Directors effective September 15, 2022.
"We are excited to have Aparna join our Board of Directors," said Paul Pressler, Chairman of the Board, eBay Inc. "Aparna will bring extensive experience in consumer products and businesses powered by foundational technologies such as AI, Augmented Reality and Blockchain. Her expertise will help eBay, helping us to further support the company's tech-led reimagination."
"Separately, we want to thank Katie for her service to the Board of Directors," continued Pressler. "Katie has been with us since 2011 and has provided exceptional guidance, expertise and insights. As the Chair of the Nominating and Corporate Governance Committee, she helped guide the board through a number of changes over the years and helped shape it into a board that is richly diverse in backgrounds and perspectives that has helped support eBay's management team in executing its long-term strategy. Thank you, Katie, for your leadership and tremendous contributions."
Aparna Chennapragada brings deep operating, technology and product expertise to eBay. Until recently, she served as Robinhood's Chief Product Officer. Prior to Robinhood, Aparna was a Vice President and General Manager for AR and Shopping at Google. During her tenure with Google, she held various leadership roles focusing on AI, Visual Search and Product Insights. Previously, Aparna served on the Board of Directors of Capital One. Aparna holds an M.S. in Management and Engineering from Massachusetts Institute of Technology, an M.S. in Computer Sciences from the University of Texas at Austin and a B. Tech in Computer Science from the Indian Institute of Technology, Madras.
"eBay has made incredible progress on its strategy for their tech-led reimagination over the past two years, and I'm thrilled to be joining the board and helping to support their leadership team as they execute their goals to drive growth and create long-term value for shareholders," said Aparna Chennapragada.
As a matter of practice, the Board of Directors regularly evaluates the composition of the board and considers how they can maintain the appropriate mix of skills, qualifications and diversity of backgrounds to best oversee the business and long-term strategy of the company. Following these changes, eBay Inc.'s Board of Directors will be composed of nine directors, eight of whom are independent.
About eBay Inc.
eBay Inc. (Nasdaq: EBAY) is a global commerce leader that connects people and builds communities to create economic opportunity for all. Our technology empowers millions of buyers and sellers in more than 190 markets around the world, providing everyone the opportunity to grow and thrive. Founded in 1995 in San Jose, California, eBay is one of the world's largest and most vibrant marketplaces for discovering great value and unique selection. In 2021, eBay enabled over $87 billion of gross merchandise volume. For more information about the company and its global portfolio of online brands, visit www.ebayinc.com.
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SOURCE eBay Inc. | https://www.whsv.com/prnewswire/2022/08/24/ebay-inc-announces-changes-its-board-directors/ | 2022-08-24T21:39:07Z |
On Wednesday, Aug. 17, a Rock Springs man was arrested for possession of child pornography, confirmed by Sweetwater County Sheriff’s Office on Wednesday, Aug. 24.
ROCK SPRINGS — On Wednesday, Aug. 17, a Rock Springs man was arrested for possession of child pornography, confirmed by Sweetwater County Sheriff’s Office on Wednesday, Aug. 24.
Since the case is still under investigation, the identity of the suspect has yet to be identified by authorities.
However, the arrest was made on the morning of Aug. 17 on Massachusetts Avenue, near the Boys & Girls Club of Sweetwater County, in Rock Springs.
According to Jason Mower, public information officer from the sheriff’s office, one of the detectives is assigned as an affiliate with the Wyoming Division of Criminal Investigation’s Internet Crimes Against Children (ICAC) Task Force, as well as their Computer Crime Team (CCT).
“This particular case remains under active investigation by the ICAC and CCT teams, so we’re not yet at liberty to discuss the specific details or the suspect’s identity until officially arraigned in district court, or unless advised otherwise by DCI,” Mower stated to the Rocket Miner.
As to how these individuals acquire these pornographic materials, Mower mentioned, that the possession and distribution of child pornography are largely technology-facilitated over the world wide web and other mobile-device-based software and applications.
“The National Center for Missing and Exploited Children (NCMEC) actively monitors form of child exploitation, often receiving and filtering tips from a network of third parties to the appropriate investigative authorities, and these investigations typically involve a variety of different local, state and federal authorities who all work cooperatively together. Continued advancements in technology make it increasingly difficult for the average person to send anything truly anonymously over the internet,” he stated.
The Rocket Miner is monitoring this case and will provide further information as more develops. | https://www.wyomingnews.com/rocketminer/local-man-arrested-for-possession-of-child-porn-according-to-scso/article_0752fe68-23e6-11ed-9f4d-93cf3e5b4557.html | 2022-08-24T21:39:08Z |
Maintains Orphan Drug Designation (ODD) in the EU Providing 10-years of Market Exclusivity
Significant Benefit Over Existing Therapies for Patients with Severe Hemophilia A in EU Based on EMA Determination of ODD
Conference Call and Webcast to be Held Wed., Aug. 24th at 8:00 pm Eastern
SAN RAFAEL, Calif., Aug. 24, 2022 /PRNewswire/ -- BioMarin Pharmaceutical Inc. (NASDAQ: BMRN) today announced that the European Commission (EC) has granted conditional marketing authorization (CMA) to ROCTAVIAN™ (valoctocogene roxaparvovec) gene therapy for the treatment of severe hemophilia A (congenital Factor VIII deficiency) in adult patients without a history of Factor VIII inhibitors and without detectable antibodies to adeno-associated virus serotype 5 (AAV5). The EC also endorsed EMA's recommendation for Roctavian to maintain orphan drug designation, thereby granting a 10-period of market exclusivity. The EMA recommendation noted that, even in light of existing treatments, Roctavian may potentially offer a significant benefit to those affected with severe Hemophilia A. The one-time infusion is the first approved gene therapy for hemophilia A and works by delivering a functional gene that is designed to enable the body to produce Factor VIII on its own without the need for continued hemophilia prophylaxis, thus relieving patients of their treatment burden relative to currently available therapies. People with hemophilia A have a mutation in the gene responsible for producing Factor VIII, a protein necessary for blood clotting.
It is estimated that more than 20,000 adults are affected by severe hemophilia A across more than 70 countries in Europe, the Middle East, and Africa. Of the 8,000 adults with severe hemophilia A in the 24 countries within BioMarin's footprint covered by today's EMA approval, there are an estimated 3,200 patients who will be indicated for Roctavian. BioMarin anticipates additional access to ROCTAVIAN™ for patients outside of the EU through named patient sales based on the European Medicines Agency (EMA) approval in countries in the Middle East, Africa and Latin America and expects additional market registrations to be facilitated by the EMA license.
"This approval in the EU represents a medical breakthrough in the treatment of patients with severe hemophilia A that expands the conversation between a patient and physician on treatment choices to now include a one-time infusion that protects from bleeds for several years," said Professor Johannes Oldenburg, Director of the Institute of Experimental Haematology and Transfusion Medicine and the Haemophilia Centre at the University Clinic in Bonn, Germany. "It is exciting to imagine the possibilities of this approved gene therapy, which has demonstrated a substantial and sustained reduction in bleeding for patients, who potentially could be freed from the burden of regular infusions."
"Roctavian approval in Europe is a historic milestone in medicine and is built upon almost four decades of scientific discovery, innovation, and perseverance. We thank the European Commission for recognizing Roctavian's value as the first gene therapy for hemophilia A, a feat that we believe will transform how healthcare professionals and the patient community think about caring for bleeding disorders," said Jean-Jacques Bienaimé, Chairman and Chief Executive Officer of BioMarin. "We are grateful to the patients, investigators and community, who dedicated their time and effort to this achievement and whose aspirations provided the driving force behind making this one-time therapy a reality."
The EC based its decision on a significant body of data from the Roctavian clinical development program, the most extensively studied gene therapy for hemophilia A, including two-year outcomes from the global GENEr8-1 Phase 3 study. The GENEr8-1 Phase 3 study demonstrated stable and durable bleed control, including a reduction in the mean annualized bleeding rate (ABR) and the mean annualized Factor VIII infusion rate. In addition, the data included five and four years of follow-up from the 6e13 vg/kg and 4e13 vg/kg dose cohorts, respectively, in the ongoing Phase 1/2 dose escalation study. BioMarin has committed to continue working with the broader community and the EMA to monitor the long-term effects of treatment. The Product Information will be available shortly on the EMA website under the Medicines tab. Search for "ROCTAVIAN" and select "Human medicine European public assessment report (EPAR): Roctavian. Then select "Product Information" in the Table of Contents and then select "Roctavian: EPAR – Product Information."
A Conditional Marketing Authorization (CMA) recognizes that the medicine fulfils an unmet medical need based on a positive benefit-risk assessment, and that the benefit to public health of the immediate availability on the market outweighs the uncertainties inherent to the fact that additional data are still required. BioMarin will provide further data from ongoing studies within defined timelines to confirm that the benefits continue to outweigh the risks, building on what already constitutes the largest clinical data package for gene therapy in hemophilia A. Conversion to a standard marketing authorization will be contingent on the provision of additional data from currently ongoing Roctavian clinical studies, including longer-term follow up of patients enrolled in the pivotal trial GENEr8-1, as well as a study investigating efficacy and safety of ROCTAVIAN with prophylactic use of corticosteroids (Study 270-303), for which enrollment is now complete.
Orphan drug designation is reserved for medicines treating rare (affecting not more than five in 10,000 people in the EU), life-threatening or chronically debilitating diseases. Authorized orphan medicines benefit from ten years of market exclusivity, protecting them from competition with similar medicines with the same therapeutic indication, which cannot be marketed during the exclusivity period.
BioMarin remains committed to bringing Roctavian to eligible patients with severe hemophilia A in the United States and is targeting a Biologics License Application (BLA) resubmission for Roctavian by the end of September 2022. Typically, BLA resubmissions are followed by a six-month review procedure. However, the Company anticipates three additional months of review may be necessary based on the number of data read-outs that will emerge during the procedure.
Robust Clinical Program
BioMarin has multiple clinical studies underway in its comprehensive gene therapy program for the treatment of hemophilia A. In addition to the global Phase 3 study GENEr8-1 and the ongoing Phase 1/2 dose escalation study, the Company is also conducting a Phase 3B, single arm, open-label study to evaluate the efficacy and safety of Roctavian at a dose of 6e13 vg/kg with prophylactic corticosteroids in people with hemophilia A (Study 270-303). Also ongoing are a Phase 1/2 Study with the 6e13 vg/kg dose of Roctavian in people with hemophilia A with pre-existing AAV5 antibodies (Study 270-203) and aa Phase 1/2 Study with the 6e13 vg/kg dose of Roctavian in people with hemophilia A with active or prior Factor VIII inhibitors (Study 270-205).
Safety Summary
Overall, single 6e13 vg/kg dose of Roctavian has been well tolerated with no delayed-onset treatment related adverse events. The most common adverse events (AE) associated with Roctavian occurred early and included transient infusion associated reactions and mild to moderate rise in liver enzymes with no long-lasting clinical sequelae. Alanine aminotransferase (ALT) elevation (113 participants, 80%), a laboratory test of liver function, remained the most common adverse drug reaction. Other adverse reactions included aspartate aminotransferase (AST) elevation (95 participants, 67%), nausea (52 participants, 37%), headache (50 participants, 35%), and fatigue (42 participants, 30%). No participants developed inhibitors to Factor VIII, thromboembolic events or malignancy associated with Roctavian.
About Hemophilia A
People living with hemophilia A lack sufficient functioning Factor VIII protein to help their blood clot and are at risk for painful and/or potentially life-threatening bleeds from even modest injuries. Additionally, people with the most severe form of hemophilia A (Factor VIII levels <1%) often experience painful, spontaneous bleeds into their muscles or joints. Individuals with the most severe form of hemophilia A make up approximately 50 percent of the hemophilia A population. People with hemophilia A with moderate (Factor VIII 1-5%) or mild (Factor VIII 5-40%) disease show a much-reduced propensity to bleed. Individuals with severe hemophilia A are treated with a prophylactic regimen of intravenous Factor VIII infusions administered 2-3 times per week (100-150 infusions per year) or a bispecific monoclonal antibody that mimics the activity of Factor VIII administered 1-4 times per month (12-48 infusions per year). Despite these regimens, many people continue to experience breakthrough bleeds, resulting in progressive and debilitating joint damage, which can have a major impact on their quality of life.
Hemophilia A, also called Factor VIII deficiency or classic hemophilia, is an X-linked genetic disorder caused by missing or defective Factor VIII, a clotting protein. Although it is passed down from parents to children, about 1/3 of cases are caused by a spontaneous mutation, a new mutation that was not inherited. Approximately 1 in 10,000 people have hemophilia A.
Conference Call and Webcast to be Held Wed., Aug. 24th at 8:00 pm Eastern
BioMarin will host a conference call and webcast to discuss the EC approval today, Wed., Aug. 24th at 8:00 pm Eastern. This event can be accessed in the investor section of the BioMarin website at https://investors.biomarin.com/events-presentations.
About BioMarin
BioMarin is a global biotechnology company that develops and commercializes innovative therapies for people with serious and life-threatening genetic diseases and medical conditions. The Company selects product candidates for diseases and conditions that represent a significant unmet medical need, have well-understood biology and provide an opportunity to be first-to-market or offer a significant benefit over existing products. The Company's portfolio consists of eight commercial products and multiple clinical and preclinical product candidates for the treatment of various diseases. For additional information, please visit www.biomarin.com.
Forward-Looking Statements
This press release contains forward-looking statements about the business prospects of BioMarin Pharmaceutical Inc. (BioMarin), including without limitation, statements about: the number of adults across Europe, the Middle East, and Africa who are affected by severe hemophilia A; the number of adults in the countries within BioMarin's footprint covered by the EMA approval who have severe hemophilia A and are indicated for Roctavian; BioMarin anticipating additional access to Roctavian for patients outside of the EU through named patient sales based on the EMA approval in countries in the Middle East, Africa and Latin America and the expectation that additional market registrations will be facilitated by the EMA license; the potential for Roctavian to be a one-time infusion protecting patients from bleeds for several years and freeing them from the burden of regular infusions; Roctavian potentially offering a significant benefit to those affected with severe hemophilia A; Roctavian potentially transforming how healthcare professionals and the patient community think about caring for bleeding disorders; BioMarin's plans to provide further data from ongoing studies within defined timelines to confirm that the benefits of Roctavian continue to outweigh the risks; conversion of Roctavian's CMA to a standard marketing authorization; BioMarin's plans to re-submit a BLA for Roctavian to the FDA by the end of September 2022; and the duration of the FDA's review procedure of BioMarin's BLA resubmission for Roctavian. These forward-looking statements are predictions and involve risks and uncertainties such that actual results may differ materially from these statements. These risks and uncertainties include, among others: the results and timing of current and planned preclinical studies and clinical trials of Roctavian; additional data from the continuation of the clinical trials of Roctavian, any potential adverse events observed in the continuing monitoring of the participants in the clinical trials; the content and timing of decisions by the FDA, the EC and other regulatory authorities, including decisions to grant additional marketing registrations based on an EMA license; the content and timing of decisions by local and central ethics committees regarding the clinical trials; our ability to successfully manufacture Roctavian for the clinical trials and commercially; our ability to provide the additional data from currently ongoing Roctavian clinical studies to support the conversion from a CMA to a standard marketing authorization; and those and those factors detailed in BioMarin's filings with the Securities and Exchange Commission (SEC), including, without limitation, the factors contained under the caption "Risk Factors" in BioMarin's Quarterly Report on Form 10-Q for the quarter ended June 30, 2022 as such factors may be updated by any subsequent reports. Stockholders are urged not to place undue reliance on forward-looking statements, which speak only as of the date hereof. BioMarin is under no obligation, and expressly disclaims any obligation to update or alter any forward-looking statement, whether as a result of new information, future events or otherwise.
BioMarin® is a registered trademark of BioMarin Pharmaceutical Inc and ROCTAVIAN™ is a trademark of BioMarin Pharmaceutical Inc.
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VANCOUVER, BC, Aug. 24, 2022 /PRNewswire/ - Gold Royalty Corp. (NYSE: GROY) ("Gold Royalty" or the "Company") is pleased to announce that its board of directors has approved and declared the Company's third quarterly cash dividend of US$0.01 per common share. The dividend will be paid on September 30, 2022 to shareholders of record as of the close of business on September 20, 2022.
The dividend qualifies as an "eligible" dividend as defined in the Income Tax Act (Canada). The dividend is subject to customary Canadian withholding tax for shareholders that are not resident in Canada.
The dividend program contemplates quarterly dividends, the declaration, timing, amount and payment of which will be subject to the discretion and approval of the board of directors of the Company based on relevant factors, including, among others, the Company's financial condition and capital allocation plans.
Gold Royalty is a gold-focused royalty company offering creative financing solutions to the metals and mining industry. Its mission is to acquire royalties, streams and similar interests at varying stages of the mine life cycle to build a balanced portfolio offering near, medium and longer-term attractive returns for its investors. Gold Royalty's diversified portfolio currently consists primarily of royalties on gold properties located in the Americas.
Certain of the information contained in this news release constitutes 'forward-looking information' and 'forward-looking statements' within the meaning of applicable Canadian and U.S. securities laws ("forward-looking statements") and involve known and unknown risks, uncertainties and other factors that may cause Gold Royalty's actual results, performance and achievements to be materially different from the results, performance or achievements expressed or implied therein. The words "believe", "expect", "will", "propose" and derivatives thereof and other expressions which are predictions of or indicate future events, trends or prospects and which do not relate to historical matters, identify the above mentioned and other forward-looking statements. Such forward-looking statements, include, among other things, statements regarding: the payment of the dividend and declaration of future dividends, including the timing and amount thereof, involve risks, uncertainties and other factors which may cause the actual results to be materially different from those expressed or implied by such forward-looking statements. Such factors include, among others, material adverse the impact of general economic and market conditions; any inability of the operators of the properties underlying the Company's royalty and other interests to execute proposed plans for such properties, risks related to such operators or the exploration, development and mining operations of the properties underlying the parties' royalty and other interests; impacts of macroeconomic developments; and the impact of and the responses of relevant governments to the COVID-19 pandemic and the effectiveness of such responses and the other important risks and uncertainties set out in Gold Royalty's Annual Report on Form 20-F for the year ended September 30, 2021 and its other public filings available on SEDAR at www.sedar.com and EDGAR at www.sec.gov. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. The Company does not undertake to update any forward-looking statements, except in accordance with applicable securities laws.
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SOURCE Gold Royalty Corp. | https://www.whsv.com/prnewswire/2022/08/24/gold-royalty-declares-third-quarter-cash-dividend/ | 2022-08-24T21:39:20Z |
TORONTO, Aug. 24, 2022 /PRNewswire/ - Info-Tech Research Group, one of the world's leading IT research and advisory firms, has published a new research-backed blueprint, Define Service Desk Metrics That Matter. This data-backed blueprint will help organizations improve the metrics their service desk is measured by to align IT with strategic business goals better. The new resource is intended to guide IT leaders on consolidating metrics and assigning context and actions to ones currently tracked. With the right metrics, organizations can measure and quantify how well the service desk function performs to tell the whole story.
Establishing benchmarks and tension metrics is necessary for improved performance in an increasingly digital era. The firm's blueprint encourages IT leaders to identify the metrics that serve a real purpose and eliminate the rest. This includes establishing a formal review process to ensure metrics are still valid and providing answers that are at a manageable and usable level.
According to Info-Tech's CEO-CIO Alignment Diagnostic, only 19% of CXOs feel that their organization is effective at measuring the success of IT projects with their current metrics, and 80% of organizations say they need improvement to their business value metrics. Implementing the proper metrics can facilitate communication between the business division and IT practice. Additionally, these metrics can help IT better articulate the business's issues and how the CEO and CIO should tackle them.
According to Info-Tech's insights, whether a given metric is the right one for an organization's service desk will depend on several different factors, including:
- The maturity and capability of service desk processes.
- The volume of service requests and incidents.
- The complexity of the environment when resolving tickets.
- The degree to which end users are comfortable with self-service.
Internally measured metrics are more reliable because they provide information about actual performance over time, allowing for targeted improvements and objective measurements of milestones.
Tracking goal- and action-based metrics allows IT to make meaningful, data-driven decisions for the service desk. Leaders can use these insights to establish internal benchmarks to set baselines.
"When establishing a suite of metrics to track service desk performance, it's tempting to start with the metrics measured by other organizations," says Benedict Chang, Research Analyst at Info-Tech Research Group. "Naturally, benchmarking will enter the conversation. While benchmarking is useful, measuring your organization against others with a lack of context will only highlight your failures. Furthermore, benchmarks will highlight the norm or common practice, not best practices."
Benchmarks are often open to interpretation. Info-Tech's blueprint explains that taking the time to establish proper metrics is often more valuable than going down the benchmark rabbit hole. Becoming too focused on benchmarks can lead to misinterpretation of the data and poorly informed actions.
"Keeping the limitations of benchmarking in mind, IT leaders should establish their own metrics suite with action-based metrics," adds Chang. "To do this, IT can define the audience, cadence, and actions for each metric tracked and pair them with business goals. Measure only what is necessary, slowly improve metrics process over time, and analyze the environment using the established data as the benchmark."
The full Define Service Desk Metrics That Matter blueprint, which includes the approach to metrics management for IT leaders, can be downloaded and viewed now.
To learn more about Info-Tech Research Group and to download the latest research, visit www.infotech.com and connect via LinkedIn, Twitter, and Facebook.
- Standardize the Service Desk
- Take Control of Infrastructure and Operations Metrics
- Analyze Your Service Desk Ticket Data
- IT Diagnostics: Build a Data-Driven IT Strategy
Info-Tech Research Group is one of the world's leading information technology research and advisory firms, proudly serving over 30,000 IT professionals. The company produces unbiased and highly relevant research to help CIOs and IT leaders make strategic, timely, and well-informed decisions. For 25 years, Info-Tech has partnered closely with IT teams to provide them with everything they need, from actionable tools to analyst guidance, ensuring they deliver measurable results for their organizations.
Media professionals can register for unrestricted access to research across IT, HR, and software and over 200 IT and Industry analysts through the ITRG Media Insiders Program. To gain access, contact pr@infotech.com.
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SOURCE Info-Tech Research Group | https://www.whsv.com/prnewswire/2022/08/24/improving-service-desk-metrics-helps-it-better-align-with-strategic-business-goals-according-info-tech-research-group-insights/ | 2022-08-24T21:39:27Z |
NEW YORK, Aug. 24, 2022 /PRNewswire/ -- Investcorp Credit Management BDC, Inc. (NASDAQ: ICMB) ("ICMB" or "the Company") today announced that it will release its financial results for the quarter and year ended June 30, 2022, on Tuesday, September 6, 2022, after the close of the financial markets.
The Company will host an earnings conference call at 1:00 pm (Eastern Time) on Wednesday, September 7, 2022. All interested parties may participate in the conference call by dialing (800) 550-9893 5-10 minutes prior to the call; international callers should dial (858) 609-8959. Participants passcode 872058# then press 2 when asked Call. For those who are not able to listen to the call, a replay will be available shortly after the call by visiting our website at http://icmbdc.com/earnings-calls/.
About Investcorp Credit Management BDC, Inc.
The Company is an externally-managed, closed-end, non-diversified management investment company that has elected to be regulated as a business development company under the Investment Company Act of 1940. The Company's primary investment objective is to maximize the total return to its stockholders in the form of current income and capital appreciation by investing in debt and related equity investments of privately held middle-market companies. The Company seeks to invest primarily in middle-market companies that have annual revenues of at least $50 million and earnings before interest, taxes, depreciation, and amortization of at least $15 million. The Company's investment activities are managed by its investment adviser, CM Investment Partners LLC. To learn more about Investcorp Credit Management BDC, Inc., please visit www.icmbdc.com.
Forward-Looking Statements
Statements included herein may contain "forward-looking statements," which relate to future performance or financial condition, are based upon current expectations and are inherently uncertain. 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 and other factors, some of which are beyond the Company's control, including the impact of COVID-19 and related changes in base interest rates and significant market volatility on the Company's business, its portfolio companies, its industry and the global economy. 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. The Company undertakes no duty to update any forward-looking statement made herein, except as required by law. All forward-looking statements speak only as of the date of this press release.
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SOURCE Investcorp Credit Management BDC | https://www.whsv.com/prnewswire/2022/08/24/investcorp-credit-management-bdc-inc-schedules-earnings-release-fourth-quarter-ended-june-30-2022/ | 2022-08-24T21:39:34Z |
LITTLETON, Colo., Aug. 24, 2022 /PRNewswire/ -- Furniture Row is excited to announce the groundbreaking of a brand-new Furniture Row and Denver Mattress store coming to Littleton, CO! The groundbreaking ceremony will be held at 5779 S. Alkire St., Littleton, CO 80127 on Tuesday, August 30th at 10 a.m.
Bill Smith, the General Manager of Furniture Row, recently commented on this upcoming project, "We are extremely excited about the future store in Littleton. It will be our sixth store in the metro area of Denver, which we are proud to call our hometown, and, if all goes according to plan, we aim to have it up and running as soon as the fall of 2023. We are delighted to be reinvesting in our local community, and we are eager to provide an immersive home furniture and mattress shopping experience to an area with few similar retailers."
Designed by local architect firm, Intergroup Architects, and constructed by Precision Contractors, this 74,365ft2 facility will be located at the corner of C-470 and Bowles Ave., with its main facade facing C-470 and the impressive Dakota Hogback. Because it occupies such a high-visibility lot, the store is designed to make the most of its prominent location. It will feature two steeped metal roofs, and it will showcase attractive exterior design features like stone accents, decorative light fixtures, pilasters, and cupolas around all four of its sides. Additionally, the building will use over 11,000ft2 of glass as large-scale windows and window walls, and it will even feature a clerestory running beneath the upper roof to flood the interior with natural light. Once completed, the new Furniture Row and Denver Mattress in Littleton will provide an unparalleled selection and the best values along the front range.
About Furniture Row
Every Furniture Row offers an extensive selection of stylish brand name and designer furnishings for every room of the home, all curated into easy-to-navigate sections within a spacious interior. Furniture Row is committed to providing their customers with high-quality furnishings at an incredible value, and it's renowned for their friendly, no-pressure sales staff whose only goal is to help you create the home you love.
Visit http://www.FurnitureRow.com
About Denver Mattress
Denver Mattress manufactures its mattresses in its Denver-based factory and distributes them to its own retail stores. By having a single factory, Denver Mattress is able to maintain high quality control standards and deliver a more consistent product at a lower cost than multiple factory producers. Denver Mattress, The easiest way to get the right mattress®.
Visit http://www.DenverMattress.com
Contact
John Knippenberg
John.knippenberg@furiturerow.com
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SOURCE Furniture Row, LLC | https://www.whsv.com/prnewswire/2022/08/24/join-us-we-break-ground-new-furniture-row-denver-mattress-store-littleton-co/ | 2022-08-24T21:39:40Z |
HOULTON, Maine, Aug. 24, 2022 /PRNewswire/ -- Katahdin Bankshares Corp. (OTCQX: KTHN), the parent company of Katahdin Trust Company, a community bank founded in 1918 serving northern Maine and the greater Bangor and Portland regions, announced that it has declared a cash dividend of $0.138 per share for the third quarter of 2022.
In making the announcement, Jon J. Prescott, Katahdin Trust President & CEO, stated that it represented a 10.4% increase over last year's third quarter dividend. The dividend will be payable on September 23, 2022, to shareholders of record as of September 16, 2022.
About Katahdin Bankshares Corp.
Katahdin Bankshares Corp. is the bank holding company of Katahdin Trust Company. Founded in 1918, Katahdin Trust is a community bank based in Houlton, Maine with more than $965 million in assets and 16 banking offices that serve Aroostook, Penobscot, and Cumberland counties. The Bank has nearly 180 employees and, in 2022, was named one of the Best Places to Work in Maine for the fifth year in a row and recognized the past three years as one of the Top 200 Community Banks in the country by American Banker magazine. Katahdin Bankshares Corp. common stock is quoted on the OTC Markets (OTCQX) under the symbol KTHN. Learn more about the Company and its subsidiary bank at www.katahdintrust.com and follow Katahdin Trust on Facebook, Twitter, LinkedIn, and Instagram.
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SOURCE Katahdin Bankshares Corp. | https://www.whsv.com/prnewswire/2022/08/24/katahdin-bankshares-corp-announces-dividend/ | 2022-08-24T21:39:47Z |
PITTSBURGH, Aug. 24, 2022 /PRNewswire/ -- Kennametal Inc. (NYSE: KMT) announced today that they will attend the Morgan Stanley 10th Annual Laguna Conference.
Details of the conference are as follows:
About Kennametal
With over 80 years as an industrial technology leader, Kennametal Inc. delivers productivity to customers through materials science, tooling and wear-resistant solutions. Customers across aerospace, earthworks, energy, general engineering and transportation turn to Kennametal to help them manufacture with precision and efficiency. Every day approximately 8,700 employees are helping customers in more than 60 countries stay competitive. Kennametal generated $2 billion in revenues in fiscal 2022. Learn more at www.kennametal.com. Follow @Kennametal: Twitter, Instagram, Facebook, LinkedIn and YouTube.
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SOURCE Kennametal Inc. | https://www.whsv.com/prnewswire/2022/08/24/kennametal-attend-morgan-stanley-10th-annual-laguna-conference/ | 2022-08-24T21:39:54Z |
Published: Aug. 24, 2022 at 4:15 PM EDT|Updated: 1 hour ago
Q4 Business and Financial Highlights:
Net Sales were $74.2 Million
Adjusted Gross Margin Better than Expected, Improved vs Q3
Cash Was $88 Million at June 30
Completed Major Elements of November 2021 Restructuring Plan
Pipeline Updates:
Pivotal Biosimilar Insulin Glargine Clinical Trial Over 90% Complete, Top-line Results Anticipated by Year End; BLA Filing On Track for First Half of 2023
Expect to File IND for Biosimilar Insulin Aspart by First Half of 2023
Generic FLOVENT® DISKUS® Product On Track for ANDA Filing Early Next Calendar Year, Granted CGT Status by FDA
Expect Partner to Commence Pilot PK Trials for Generic Spiriva® Handihaler® by Year End 2022
Licensed a Filed ANDA for Mesalamine Delayed Release Tablets USP, 1.2 g, from an Existing Partner
Expect to Launch At Least Four Non-Solid Oral Generic Products With Limited Competition in Fiscal 2023
TREVOSE, Pa., Aug. 24, 2022 /PRNewswire/ -- Lannett Company, Inc. (NYSE: LCI) today reported financial results for its fiscal 2022 fourth quarter and full year ended June 30, 2022.
"For the quarter, net sales were in line with our expectations, adjusted EBITDA was at the top end of our guidance range and adjusted gross margin was better than anticipated, rebounding from our adjusted gross margin in recent quarters," said Tim Crew, chief executive officer of Lannett. "Our cash position was approximately $88 million at June 30, 2022; we continue to expect to receive sizable income tax refunds within the next couple of months.
"With regard to our pipeline, we have added several near-term product opportunities, of which a few have the potential to be meaningful contributors to our financial results, especially in the second half of the current fiscal year. Our durable large market partnered product opportunities continue to progress and achieve notable development milestones (details discussed below). As part of our pre-launch activities for biosimilar insulin, we have initiated preliminary discussions with a number of states and other organizations around initiatives and programs to make insulin more accessible and affordable to millions of patients. We welcome these initiatives and believe our significant scale and competitive cost structure will help position us to support and prosper from these initiatives on affordable insulin.
"Looking ahead, our efforts will be focused on commercializing recently added product opportunities, which we believe will help increase our full-year gross margin in fiscal 2023. At the same time, we intend to maintain operating discipline to reduce expenses and make the most of our cash resources, all while working to further develop with our partners our high value pipeline of insulin and respiratory products, expand our existing strategic alliances and form new ones."
Key Pipeline Update Subject to FDA Approval
Company anticipates launching over the next several months Zolmitriptan, a nasal spray product for migraine and cluster headaches, and Fludarabine, an injectable product currently in short supply;
By the end of the current fiscal year, the company anticipates launching Sucralfate, an oral suspension product, and two additional partnered products. Sevoflurane, an inhaled anesthetic product, and Mesalamine Delayed Release Tablets 1.2 gram;
Biosimilar insulin glargine. More than 90% of the subject enrollment goal has been achieved and the pivotal clinical trial for biosimilar insulin glargine is expected to be completed next month. Thus far no serious adverse events have been reported. Top-line results are expected toward the end of this calendar year, and filing of the Biologics License Application (BLA) is anticipated next Spring, and thus a potential launch of the product in the first half of calendar year 2024;
Biosimilar insulin aspart: The company's partner is producing insulin aspart at commercial scale and will be requesting a Type 2 meeting with the FDA later this calendar year. An IND filing is anticipated for later this fiscal year. The company estimates initiating the clinical study next summer and completing the study in the spring of calendar 2024. The company anticipates a potential launch of the product in the middle of calendar year 2025;
Generic ADVAIR DISKUS®, fluticasone propionate and salmeterol inhalation powder, remains on priority review. The company anticipates fully responding to the CRL next year, with a launch possible in 2024.
Generic Flovent Diskus®, fluticasone propionate inhalation powder: the pivotal clinical end-point study and PK trials for the 100 mcg/blister were successfully completed in the first attempt. The FDA has granted the company's request for CGT status and the filing of the ANDA is estimated for earlier next calendar year;
Company expects its partner to commence a pilot PK study of generic Spiriva® Handihaler® by year end and is targeting an ANDA filing by early 2024.
Restructuring, Cost Reduction Initiatives
The major elements of the company's restructuring plan announced in November 2021 have been completed. The transfer of certain products from the company's recently sold Carmel plant to its main plant is progressing on schedule and the manufacturing of Lannett labeled product at that site will largely be completed by the end of this calendar year.
Fourth-Quarter Financial Results: Fiscal 2022 vs Fiscal 2021
GAAP basis:
Net sales were $74.2 million compared with $106.0 million
Gross profit was $7.9 million, or 11% of net sales, compared with $22.7 million, or 21% of net sales
Asset impairment charges were $53.9 million compared with $18.6 million
Net loss was $93.3 million, or $2.30 per share, compared with $177.9 million, or $4.50 per share
Non-GAAP basis:
Net sales were $74.2 million compared with $106.0 million
Adjusted gross profit was $10.4 million, or 14% of net sales, compared with $26.4 million, or 25% of net sales
Adjusted interest expense increased to $13.1 million from $12.1 million
Adjusted net loss was $17.8 million, or $0.44 per share compared with $7.4 million, or $0.19 per share
Negative adjusted EBITDA was $1.3 million versus adjusted EBITDA of $12.1 million
Full-Year Financial Results: Fiscal 2022 vs Fiscal 2021
GAAP basis:
Net sales were $340.6 million compared with $478.8 million
Gross profit was $33.2 million, or 10% of net sales, compared with $75.6 million, or 16% of net sales
Restructuring expenses were $2.8 million compared with $4.0 million
Asset impairment charges were $103.3 million compared with $216.6 million
Net loss was $231.6 million, or $5.74 per share, compared with $363.5 million, or $9.23 per share
Non-GAAP basis:
Net sales were $340.6 million compared with $478.8 million
Adjusted gross profit was $50.0 million, or 15% of net sales, compared with $122.3 million, or 26% of net sales
Adjusted interest expense increased to $51.7 million from $43.7 million
Adjusted net loss was $61.0 million, or $1.51 per share, compared with $1.0 million, or $0.03 per share
Guidance for Fiscal 2023
Based on its current outlook, the company provided guidance for fiscal year 2023, as follows:
*A reconciliation of Adjusted amounts to most directly comparable GAAP amounts can be found in the financial tables following this release.
Conference Call Information and Forward-Looking Statements
Later today, the company will host a conference call at 4:30 p.m. ET to review its results of operations for its fiscal 2022 fourth quarter and full year ended June 30, 2022. The conference call will be available to interested parties by dialing 877-407-9716 from the U.S. or Canada, or 201-493-6779 from international locations. The call will be broadcast via the Internet at www.lannett.com. Listeners are encouraged to visit the website at least 10 minutes prior to the start of the scheduled presentation to register, download and install any necessary audio software. A playback of the call will be archived and accessible on the same website for at least three months.
Discussion during the conference call may include forward-looking statements regarding such topics as, but not limited to, the company's financial status and performance, regulatory and operational developments, and any comments the company may make about its future plans or prospects in response to questions from participants on the conference call.
Use of Non-GAAP Financial Measures
This release contains references to non-GAAP financial measures, including Adjusted EBITDA, which are financial measures that are not prepared in conformity with United States generally accepted accounting principles (U.S. GAAP). Management uses these measures internally for evaluating its operating performance. The company's management believes that the presentation of non-GAAP financial measures provides useful supplementary information regarding operational performance, because it enhances an investor's overall understanding of the financial results for the company's core business. Additionally, it provides a basis for the comparison of the financial results for the company's core business between current, past and future periods. The company also believes that including Adjusted EBITDA and the other non-GAAP financial measures presented in this release is appropriate to provide additional information to investors. Non-GAAP financial measures should be considered only as a supplement to, and not as a substitute for or as a superior measure to, financial measures prepared in accordance with U.S. GAAP.
Detailed reconciliations of non-GAAP financial measures to the most directly comparable GAAP financial measures are included in the financial tables following this release.
Non-GAAP financial measures exclude, among others, the effects of (1) amortization of purchased intangibles and other purchase accounting entries, (2) restructuring expenses, (3) asset impairment charges, (4) non-cash interest expense, as well as (5) certain other items considered unusual or non-recurring in nature.
Lantus® is a registered trademark of Sanofi S.A., and ADVAIR DISKUS® and Flovent® Diskus® are registered trademarks of GlaxoSmithKline. Spiriva® Handihaler® is a registered trademark of Boehringer Ingelheim.
About Lannett Company, Inc.:
Lannett Company, founded in 1942, develops, manufactures, packages, markets and distributes generic pharmaceutical products for a wide range of medical indications – see financial schedule below for net sales by medical indication. For more information, visit the company's website at www.lannett.com.
This release contains certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are statements that are not historical facts and can be identified by the words "estimate," "expect," "believe," "target," "anticipate" and other similar expressions. Any such statements, including, but not limited to, statements regarding the company's competitive environment and other market conditions; regulatory and operational developments; the timing related to commencing and successfully completing the pivotal clinical trials, filing the Biologics License Applications, and successfully launching any products, including biosimilar insulin glargine and biosimilar insulin aspart; the potential material impact of COVID-19 on future financial results; the timing of the company's restructuring plan and its ability to realize estimated cost reductions and other benefits therefrom; the company's financial status and performance; and the company's ability to achieve the financial metrics stated in the company's guidance for fiscal 2023, whether expressed or implied, are subject to risks and uncertainties which can cause actual results to differ materially from those currently anticipated due to a number of factors beyond the company's control. Such factors include, but are not limited to, the difficulty in predicting the timing or outcome of FDA or other regulatory approvals or actions, the ability to successfully commercialize products upon approval, including acquired products, and the company's estimated or anticipated future financial results, future inventory levels, future competition or pricing future levels of operating expenses, product development efforts or performance, and other risk factors discussed in the company's latest Form 10-K, subsequent Form 8-Ks and 10-Qs and other documents filed with the Securities and Exchange Commission from time to time. You should not place undue reliance upon any such forward-looking statements, which represent the company's judgment as of the date of this release. To the fullest extent permitted by law, the company disclaims any intent or obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise.
The above press release was provided courtesy of PRNewswire. The views, opinions and statements in the press release are not endorsed by Gray Media Group nor do they necessarily state or reflect those of Gray Media Group, Inc. | https://www.whsv.com/prnewswire/2022/08/24/lannett-reports-fiscal-2022-fourth-quarter-full-year-financial-results/ | 2022-08-24T21:40:00Z |
MORTON GROVE, Ill., Aug. 24, 2022 /PRNewswire/ -- Lifeway Foods, Inc., (the "Company," Nasdaq: LWAY), the leading U.S. supplier of kefir and fermented probiotic products to support the microbiome, today announced that it has received a notice (the "Nasdaq Notice"), dated August 23, 2022, from The NASDAQ Stock Market LLC ("Nasdaq") indicating that the Company is not in compliance with Nasdaq Listing Rule 5250(c)(1) since it has not yet filed its Quarterly Report on Form 10-Q for the quarter ended June 30, 2022 (the "Second Quarter Form 10-Q") with the Securities and Exchange Commission (the "SEC"). The Company received an initial notice from Nasdaq, dated April 25, 2022, relating to the Company's failure to timely file its Annual Report on Form 10-K for the fiscal year ended December 31, 2021 (the "Form 10-K"), and a subsequent notice from Nasdaq, dated May 24, 2022, relating to the Company's failure to timely file its Quarterly Report on Form 10-Q for the quarter ended March 31, 2022 (the "First Quarter Form 10-Q").
The Nasdaq Notice, which has no immediate effect on the listing or trading of the Company's common stock on the Nasdaq Capital Market, states that the Company is required to submit a plan to regain compliance with Nasdaq's Rule 5250(c)(1) on or before September 7, 2022. If Nasdaq accepts the plan, it may grant the Company an extension of up to 180 calendar days from the due date of the Form 10-K, or October 12, 2022, to regain compliance.
The Company previously disclosed the circumstances that caused the late filings and filed its Form 10-K on July 21, 2022. The Company is working diligently on its plan to regain compliance and file its First Quarter Form 10-Q and Second Quarter Form 10-Q as soon as practicable.
About Lifeway Foods, Inc.
Lifeway Foods, Inc., which has been recognized as one of Forbes' Best Small Companies, is America's leading supplier of the probiotic, fermented beverage known as kefir. In addition to its line of drinkable kefir, the company also produces cheese, probiotic oat milk, and a ProBugs line for kids. Lifeway's tart and tangy fermented dairy products are now sold across the United States, Mexico, Ireland, France and the United Kingdom. Learn how Lifeway is good for more than just you at lifewayfoods.com.
Forward-Looking Statements
This release (and oral statements made regarding the subjects of this release) contains "forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995 regarding, among other things, future operating and financial performance, product development, market position, business strategy and objectives. These statements use words, and variations of words, such as "continue," "build," "future," "increase," "drive," "believe," "look," "ahead," "confident," "deliver," "outlook," "expect," and "predict." Other examples of forward looking statements may include, but are not limited to, (i) statements of Company plans and objectives, including the introduction of new products, or estimates or predictions of actions by customers or suppliers, (ii) statements of future economic performance, and (iii) statements of assumptions underlying other statements and statements about Lifeway or its business. You are cautioned not to rely on these forward-looking statements. These statements are based on current expectations of future events and thus are inherently subject to uncertainty. If underlying assumptions prove inaccurate or known or unknown risks or uncertainties materialize, actual results could vary materially from Lifeway's expectations and projections. These risks, uncertainties, and other factors include: price competition; the decisions of customers or consumers; the actions of competitors; changes in the pricing of commodities; the effects of government regulation; possible delays in the introduction of new products; and customer acceptance of products and services. A further list and description of these risks, uncertainties, and other factors can be found in Lifeway's Annual Report on Form 10-K for the fiscal year ended December 31, 2021, and the Company's subsequent filings with the SEC. Copies of these filings are available online at https://www.sec.gov, http://lifewaykefir.com/investor-relations/, or on request from Lifeway. Information in this release is as of the dates and time periods indicated herein, and Lifeway does not undertake to update any of the information contained in these materials, except as required by law. Accordingly, YOU SHOULD NOT RELY ON THE ACCURACY OF ANY OF THE STATEMENTS OR OTHER INFORMATION CONTAINED IN ANY ARCHIVED PRESS RELEASE.
For general Lifeway Foods inquiries:
info@lifeway.net
Phone: 847-967-1010
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SOURCE Lifeway Foods, Inc. | https://www.whsv.com/prnewswire/2022/08/24/lifeway-foods-announces-receipt-nasdaq-compliance-letter/ | 2022-08-24T21:40:07Z |
GUELPH, ON, Aug. 24, 2022 /PRNewswire/ - Linamar Corporation (TSX: LNR), a leading global diversified manufacturing company, announced today its iHub production site has received ISO 13485 certification for medical device production. The achievement is a critical milestone for the company's recently announced MedTech group, clearing the way to Linamar becoming a leading supplier to the global Medical Device markets.
ISO 13485:2016 is an internationally recognized standard of quality and safety for the medical device industry. The management system standard ensures that an organization meets the regulatory requirements specific to the design, manufacture, assembly, and distribution of medical devices. The Linamar iHub, located in Guelph, Ontario, Canada, is the first of Linamar's global facilities to obtain the medical device specific certification from the Internal Standards Organization (ISO). This facility led the initial response to the COVID-19 outbreak, urgently scaling up production efforts to support the manufacture of lifesaving ventilators and critical medical supplies. The facility is also focused on Innovation for the future, incubating new technologies and ideas around process and product innovation supporting the company's rapid evolution into Advanced Manufacturing.
"We are thrilled to take the next step towards our entry into the Medical Device market," said Linda Hasenfratz, Linamar Executive Chair and CEO. "At the onset of the COVID-19 outbreak, we rapidly pivoted our production to ventilator systems, modules, and components. The team at the Linamar iHub clearly demonstrated that our manufacturing expertise, quality systems, supply chain management and launch capabilities can be applied to medical device manufacturing. With the ISO 13485 certification process complete, we now have the qualifications to pursue new potential customers within the MedTech space."
Linamar MedTech is the newest division of Linamar Corporation and is focused on contract manufacturing of complex medical device assemblies as well as precision machined medical components. MedTech is one of the targeted markets outlined in the company's 2100 Vision for future long-term growth and diversification. Linamar's capabilities in manufacturing, supply chain and program management can be leveraged to offer medical equipment OEMs advanced contract manufacturing solutions, for better products at a better price.
For more information on Linamar MedTech product or services, please visit our website at https://www.linamar.com/medtech/ or email us at MedTech@Linamar.com
Certain information regarding Linamar set forth in this document and oral summary, including management's assessment of the Company's future plans and operations may constitute forward looking statements. This information is based on current expectations that are subject to significant risks and uncertainties that are difficult to predict. Actual results may differ materially from these anticipated in the forward-looking statements due to factors such as customer demand and timing of buying decisions, product mix, competitive products and pricing pressure. In addition, uncertainties and difficulties in domestic and foreign financial markets and economies could adversely affect demand from customers. These factors, as well as general economic and political conditions and public health threats, may in turn have a material adverse effect on the Company's financial results. Please also refer to Linamar's most current Management's Discussion and Analysis of Financial Condition and Results of Operations ("MD&A") and Annual Information Form ("AIF"), as replaced or updated by any of Linamar's subsequent regulatory filings, which set out the cautionary disclaimers, including the risk factors that could cause actual events to differ materially from these indicated by such forward looking statements. These documents are available at www.linamar.com/investors. The Company assumes no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those reflected in the forward-looking statements. Content is protected by copyright and may not be reproduced or repurposed without express written consent by the Company.
Linamar Corporation (TSX:LNR) is an advanced manufacturing company where the intersection of leading-edge technology and deep manufacturing expertise is creating solutions that power vehicles, motion, work and lives for the future. The Company is made up of two operating segments – the Industrial segment and the Mobility segment, both global leaders in manufacturing solutions and world-class developers of highly engineered products. The Industrial segment is comprised of Skyjack, MacDon and Salford. Skyjack manufactures scissors, booms and telehandler lifts for the aerial work platform industry. MacDon manufactures combine draper headers and self-propelled windrowers for the agricultural harvesting industry. Salford also supplies the agriculture market with farm tillage and crop nutrition application equipment. The Mobility segment is subdivided into three regional groups: North America, Europe and Asia Pacific. Within the Mobility segment, the regional groups are vertically integrated operations combining expertise in light metal casting, forging, machining and assembly for both the global electrified and traditionally powered vehicle markets. The Mobility segment products are focused on both components and systems for new energy powertrains, body and chassis, driveline, engine and transmission systems of these vehicles. In addition to the recently formed eLIN Product Solutions Group that focuses on Electrification, McLaren Engineering provides design, development, and testing services for the Mobility segment. Linamar has 26,796 employees in 65 manufacturing locations, 14 R&D centres and 28 sales offices in 17 countries in North and South America, Europe and Asia, which generated sales of more than $6.5 billion in 2021. For more information about Linamar Corporation and its industry-leading products and services, visit www.linamar.com or follow us on our social media channels.
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OKLAHOMA CITY, Aug. 24, 2022 /PRNewswire/ -- Mammoth Energy Services, Inc. ("Mammoth" or the "Company") (NASDAQ: TUSK) announced today that it will participate in two investor conferences in September.
Arty Straehla, Chief Executive Officer, and Mark Layton, Chief Financial Officer, are scheduled to meet with investors at the Barclays 2022 CEO Energy-Power Conference in New York City on September 6-8, 2022. In addition, the Company will participate in the Credit Suisse 8th Annual Houston Oil & Gas 1x1 Conference in Houston on September 21, 2022. The slide presentation that management will use during these 1x1s will be posted September 6th on the Mammoth Energy website https://ir.mammothenergy.com/news-events/events-presentations.
About Mammoth Energy Services, Inc.
Mammoth is an integrated, growth-oriented energy services company focused on the construction and repair of the electric grid for private utilities, public investor-owned utilities and co-operative utilities through its infrastructure services businesses. The Company also provides products and services to enable the exploration and development of North American onshore unconventional oil and natural gas reserves. Mammoth's suite of services and products include: infrastructure services, well completion services, natural sand and proppant services, drilling services and other energy services. For more information, please visit www.mammothenergy.com.
Contacts:
Mark Layton, CFO
Mammoth Energy Services, Inc.
investors@mammothenergy.com
Rick Black / Ken Dennard
Dennard Lascar Investor Relations
TUSK@dennardlascar.com
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SOURCE Mammoth Energy Services | https://www.whsv.com/prnewswire/2022/08/24/mammoth-energy-services-participate-barclays-2022-ceo-energy-power-conference-credit-suisses-8th-annual-houston-oil-amp-gas-conference-september/ | 2022-08-24T21:40:21Z |
DALLAS, Aug. 24, 2022 /PRNewswire/ -- Match Group (NASDAQ: MTCH) announced today that Gary Swidler, Chief Operating Officer & Chief Financial Officer, will participate in a fireside chat at the Evercore ISI 2nd Annual Technology Conference on Wednesday, September 7th at 12:00 p.m. Eastern Time (ET). A live webcast and replay of the fireside chat will be available at https://ir.mtch.com/news-and-events/events.
About Match Group
Match Group (NASDAQ: MTCH), through its portfolio companies, is a leading provider of digital technologies designed to help people make meaningful connections. Our global portfolio of brands includes Tinder®, Match®, Hinge®, Meetic®, OkCupid®, Pairs™, PlentyOfFish®, OurTime®, Azar®, Hakuna Live™, and more, each built to increase our users' likelihood of connecting with others. Through our trusted brands, we provide tailored services to meet the varying preferences of our users. Our services are available in over 40 languages to our users all over the world.
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SOURCE Match Group | https://www.whsv.com/prnewswire/2022/08/24/match-group-present-evercore-isi-2nd-annual-technology-conference/ | 2022-08-24T21:40:27Z |
WINNIPEG, MB, Aug. 24, 2022 /PRNewswire/ - Medicure Inc. ("Medicure" or the "Company") (TSXV: MPH) (OTC: MCUJF), a company focused on the development and commercialization of pharmaceuticals and healthcare products for patients and prescribers in the United States market, today reported its results from operations for the quarter ended June 30, 2022.
Quarter Ended June 30, 2022 Highlights:
- Recorded total net revenue of $5.7 million during the quarter ended June 30, 2022 compared to $5.1 million for the quarter ended June 30, 2021 and;
- Recorded total net revenue from the sale of AGGRASTAT® of $2.9 million during the quarter ended June 30, 2022 compared to $2.8 million for the quarter ended June 30, 2021 and;
- Recorded total net revenue from the sale of ZYPITAMAG® of $1.1 million during the quarter ended June 30, 2022 compared to $403,000 for the quarter ended June 30, 2021 and;
- Recorded total net revenue from the Marley Drug® business of $1.8 million during the quarter ended June 30, 2022 compared to $1.9 million for the quarter ended June 30, 2021 and;
- Adjusted earnings before interest, taxes, depreciation and amortization (EBITDA1) for the quarter ended June 30, 2022 was negative $210,000 compared to adjusted EBITDA of $158,000 for the quarter ended June 30, 2021 and;
- Net loss for the quarter ended June 30, 2022 was $683,000 compared to a net loss of $639,000 for the quarter ended June 30, 2021, primarily due to an increased investment in research in development of $1.3 million for the quarter ended June 30, 2022 compared to $705,000 for the quarter ended June 30, 2021.
Financial Results
The increase in AGGRASTAT® revenues when compared to the same period in the previous year, as described above, is the result of increases in the units of AGGRASTAT® sold.
ZYPITAMAG® contributed $1.1 million of revenue for the quarter ended June 30, 2022 compared to $403,000 for the quarter ended June 30, 2021. The increase in revenue is primarily a result of increased sales to insured customers and improved patient access and fill rate through Medicure's subsidiary, Marley Drug, which also resulted in reduced fees to wholesalers and pharmacy benefit managers.
The Marley Drug business contributed $1.8 million of revenue during the quarter ended June 30, 2022 compared to $1.9 million for the quarter ended June 30, 2021. The decrease in revenue is primarily due to increased competition for filling generic medications. Marley Drug is a US pharmacy licensed to ship medications to all 50 states, Washington D.C. and Puerto Rico. It serves thousands of customers and has proven success in marketing based on accessible pricing of generic drugs and a focus on cash price without use of insurance. It provides another channel for direct-to-consumer marketing, distribution and improved profit margin for ZYPITAMAG.
Adjusted EBITDA for the three months ended June 30, 2022 was negative $210,000 compared to $158,000 for the three months ended June 30, 2021. The decrease in adjusted EBITDA for the three months ended June 30, 2022 is the result of higher research and development costs and general and administrative costs related to improvements in the Marley Drug E-Commerce platform, partially offset by decreased selling expenses and higher revenues when compared to the same period in 2021.
Net loss for the three months ended June 30, 2022 was $683,000 or $0.06 per share compared to net loss of $639,000 or $0.06 per share for the three months ended June 30, 2021. The main factors contributing to the decrease in net income recorded for the three months ended June 30, 2022 were higher research and development costs and general and administrative costs related to improvements in the Marley Drug E-Commerce platform, partially offset by decreased selling expenses and higher revenues when compared to the same period in 2021.
At June 30, 2022, the Company had unrestricted cash totaling $4.8 million, compared to $2.5 million of unrestricted cash held as of June 30, 2021. Cash flows from operating activities for the six months ended June 30, 2022 totaled $1.5 million compared to $682,000 from operating activities for the six months ended June 30, 2021.
The Company does not have any long-term debt recorded in its consolidated financial statements as at June 30, 2022.
All amounts referenced herein are in Canadian dollars unless otherwise noted.
The full financial statements are available at www.sedar.com and on the Company's website at www.medicure.com.
Conference Call Info:
Topic: Medicure's Q2 2022 Results
Call date: Thursday, August 25, 2022
Time: 7:30 AM Central Time (8:30 AM Eastern Time)
Canada toll: 1 (416) 764-8659
North American toll-free: 1 (888) 664-6392
Passcode: not required
Webcast: This conference call will be webcast live over the internet and can be accessed from the Medicure investor relations page at the following link: www.medicure.com/investors
You may request international country-specific access information by e-mailing the Company in advance. Management will accept and answer questions related to the financial results and operations during the question-and-answer period at the end of the conference call. A recording of the call will be available following the event at the Company's website.
About Medicure Inc.
Medicure is a pharmaceutical company focused on the development and commercialization of therapies for the U.S. cardiovascular market. The present focus of the Company is the marketing and distribution of AGGRASTAT® (tirofiban hydrochloride) injection and ZYPITAMAG® (pitavastatin) tablets in the United States, where they are sold through the Company's U.S. subsidiary, Medicure Pharma Inc. Medicure also operates Marley Drug, Inc. ("Marley Drug"), a pharmacy located in North Carolina that offers an Extended Supply drug program serving all 50 states, Washington D.C. and Puerto Rico. Marley Drug® is committed to improving the health status of its patients and the communities they serve while reducing overall health care costs for employers and other health care consumers. For more information visit www.marleydrug.com. To learn more about The Extended Supply Generic Drug Program call 800.286.6781 or email info@marleydrug.com. For more information on Medicure please visit www.medicure.com. For additional information about AGGRASTAT®, please visit www.aggrastathdb.com or refer to the full Prescribing Information. For additional information about ZYPITAMAG®, please visit www.zypitamag.com or refer to the full Prescribing Information.
To be added to Medicure's e-mail list, please visit:
http://medicure.mediaroom.com/alerts
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward Looking Information: Statements contained in this press release that are not statements of historical fact, including, without limitation, statements containing the words "believes", "may", "plans", "will", "estimates", "continues", "anticipates", "intends", "expects" and similar expressions, may constitute "forward-looking information" within the meaning of applicable Canadian and U.S. federal securities laws (such forward-looking information and forward-looking statements are hereinafter collectively referred to as "forward-looking statements"). Forward-looking statements, include estimates, analysis and opinions of management of the Company made in light of its experience and its perception of trends, current conditions and expected developments, as well as other factors which the Company believes to be relevant and reasonable in the circumstances. Inherent in forward-looking statements are known and unknown risks, uncertainties and other factors beyond the Company's ability to predict or control that may cause the actual results, events or developments to be materially different from any future results, events or developments expressed or implied by such forward-looking statements, and as such, readers are cautioned not to place undue reliance on forward-looking statements. Such risk factors include, among others, the Company's future product revenues, expected results, including future revenue from P5P, the likelihood of receiving a priority review voucher from the United State Food and Drug Administration, expected future growth in revenues, stage of development, additional capital requirements, risks associated with the completion and timing of clinical trials and obtaining regulatory approval to market the Company's products, the ability to protect its intellectual property, dependence upon collaborative partners, changes in government regulation or regulatory approval processes, and rapid technological change in the industry. Such statements are based on a number of assumptions which may prove to be incorrect, including, but not limited to, assumptions about: general business and economic conditions; the impact of changes in Canadian-US dollar and other foreign exchange rates on the Company's revenues, costs and results; the timing of the receipt of regulatory and governmental approvals for the Company's research and development projects; the availability of financing for the Company's commercial operations and/or research and development projects, or the availability of financing on reasonable terms; results of current and future clinical trials; the uncertainties associated with the acceptance and demand for new products and market competition. The foregoing list of important factors and assumptions is not exhaustive. The Company undertakes no obligation to update publicly or otherwise revise any forward-looking statements or the foregoing list of factors, other than as may be required by applicable legislation. Additional discussion regarding the risks and uncertainties relating to the Company and its business can be found in the Company's other filings with the applicable Canadian securities regulatory authorities or the US Securities and Exchange Commission, and in the "Risk Factors" section of its Form 20F for the year ended December 31, 2021.
AGGRASTAT® (tirofiban hydrochloride) injection, ZYPITAMAG® (pitavastatin) tablets, and Marley Drug® are registered trademarks.
Condensed Consolidated Interim Statements of Financial Position
(expressed in thousands of Canadian dollars, except per share amounts)
Condensed Consolidated Interim Statements of Net Loss and Comprehensive Income (Loss)
(expressed in thousands of Canadian dollars, except per share amounts)
Condensed Consolidated Interim Statements of Cash Flows
(expressed in thousands of Canadian dollars, except per share amounts)
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SOURCE Medicure Inc. | https://www.whsv.com/prnewswire/2022/08/24/medicure-reports-financial-results-quarter-ended-june-30-2022/ | 2022-08-24T21:40:36Z |
NEW YORK, Aug. 24, 2022 /PRNewswire/ -- Nielsen Holdings plc (NYSE: NLSN) (the "Company") announced today that certain of its subsidiaries have commenced cash tender offers (collectively, the "Tender Offer") to purchase any and all of The Nielsen Company (Luxembourg) S.à r.l.'s ("Luxembourg Issuer") outstanding 5.000% Senior Notes due 2025 (the "2025 Notes") and any and all of Nielsen Finance LLC and Nielsen Finance Co.'s (together, the "US Issuers" and, together with the Luxembourg Issuer, the "Offerors") outstanding 5.625% Senior Notes due 2028 (the "2028 Notes"), 4.500% Senior Notes due 2029 (the "2029 Notes"), 5.875% Senior Notes due 2030 (the "2030 Notes") and 4.750% Senior Notes due 2031 (the "2031 Notes" and together with the 2025 Notes, 2028 Notes, 2029 Notes and 2030 Notes, the "Notes"). In connection with the Tender Offer, the Offerors are soliciting the consents of holders of the Notes to certain proposed amendments to the respective indentures governing the Notes (collectively, the "Consent Solicitation"). Concurrently with but separate from the Tender Offer and the Consent Solicitation, the Offerors have commenced offers to purchase for cash any and all of the Notes at a purchase price equal to 101% of the aggregate principal amount (the "Change of Control Purchase Price") of the Notes repurchased, plus accrued and unpaid interest to, but excluding, the date of purchase (collectively, the "Change of Control Offer"), pursuant to the change of control provisions of the indentures governing each applicable series of Notes. The Offerors are commencing the Tender Offer, the Consent Solicitation and the Change of Control Offer in connection with, and each is expressly conditioned upon, the acquisition of the Company pursuant to the Transaction Agreement, dated March 28, 2022, as amended on August 19, 2022, by and among the Company, Neptune Intermediate Jersey Limited and Neptune BidCo US Inc., as further amended from time to time (the "Acquisition"). Neptune Intermediate Jersey Limited and Neptune BidCo US Inc. are newly-formed entities established by a consortium of private investment funds led by Evergreen Coast Capital Corp., an affiliate of Elliott Investment Management L.P., and Brookfield Business Partners L.P., together with institutional partners, for the purpose of acquiring the Company.
The Tender Offer will expire at 11:59 p.m., New York City time, on September 21, 2022, unless extended or earlier terminated (such date and time, as may be extended, or earlier terminated, the "Expiration Date"). Under the terms of the Tender Offer, holders of the Notes who validly tender their Notes and provide their consents to the proposed amendments and do not validly withdraw their Notes and consents at or prior to 5:00 p.m., New York City time, on September 7, 2022 (such date and time, as may be extended, the "Early Tender Date") will receive an amount equal to $1,011.25 per $1,000.00 in principal amount of Notes (the "Total Consideration"), which amount includes an early participation premium equal to $50.00 per $1,000.00 in principal amount (the "Early Participation Premium"). Holders who validly tender their Notes and provide their consents to the proposed amendments after the Early Tender Date but at or prior to the Expiration Date will receive an amount equal to $961.25 per $1,000.00 in principal amount (the "Tender Consideration").
Holders whose Notes are accepted in the Tender Offer will also be paid accrued and unpaid interest, if any, on the Notes up to, but excluding, the settlement date. Holders should note that the Total Consideration is higher than, and the Tender Consideration is lower than, the Change of Control Purchase Price under the Change of Control Offer. The procedures for tendering Notes in the Tender Offer and in the Change of Control Offer are separate. Notes tendered in the Tender Offer may not be validly tendered in the Change of Control Offer for the related series of Notes, and Notes tendered in the Change of Control Offer may not be validly tendered in the Tender Offer for the related series of Notes.
The purpose of the Consent Solicitation and proposed amendments is to eliminate the requirement to make a "Change of Control Offer" for the Notes in connection with the Acquisition and to make certain other customary changes for a privately-held company to the "Change of Control" provisions in the indentures governing the Notes. Holders may not tender their Notes in the Tender Offer without delivering their consents under the related Consent Solicitation, and holders may not deliver their consents under the Consent Solicitation without tendering their Notes pursuant to the related Tender Offer. If the requisite consents to approve the proposed amendments with respect to a series of Notes are received (and a supplemental indenture to the related indenture giving effect to the proposed amendments is executed), the Offerors expect to terminate the Change of Control Offer for such series of Notes.
Consummation of the Tender Offer and payment for the Notes validly tendered pursuant to the Tender Offer are subject to the satisfaction of certain conditions, including, but not limited to, the receipt of requisite consents for such series of Notes and the consummation of the Acquisition. The Offerors reserve the right, at their sole discretion, to waive any and all conditions to the Tender Offer. Complete details of the terms and conditions of the Tender Offer and the Consent Solicitation are included in the Offerors' offer to purchase and consent solicitation, dated August 24, 2022. The Acquisition is expected to close in October 2022, and the Offerors expect the consummation of the Tender Offer and the Consent Solicitation to coincide with the closing of the Acquisition through the extension of the Expiration Date, although not the applicable withdrawal deadline (unless required by law). The consummation of the Acquisition is not conditioned upon, either directly or indirectly, the consummation of the Tender Offer or the receipt of the requisite consents in the Consent Solicitation.
Requests for documents relating to the Tender Offer and the Consent Solicitation may be directed to D.F. King & Co, Inc., the Information and Tender Agent, toll free at (888) 541-9895, toll at (212) 269-5550 (Banks and Brokers) or email at nielsen@dfking.com. BofA Securities, Inc. ("BofA Securities") will act as Dealer Manager for the Tender Offer and the Consent Solicitation. Questions regarding the Tender Offer and the Consent Solicitation may be directed to BofA Securities at (980) 388-3646 (collect) or (888) 292-0070 (toll free).
The Change of Control Offer is being made in connection with, and is expressly conditioned upon, the consummation of the Acquisition. The consummation of the Acquisition will constitute a "Change of Control" under each of the respective indentures governing the Notes. Following such a Change of Control, Section 4.14 of the respective indentures governing the Notes requires the Offerors to make an offer to purchase at a purchase price in cash equal to the Change of Control Purchase Price, plus accrued and unpaid interest up to, but excluding, the date of purchase. The Offerors, however, are permitted to make a Change of Control Offer in advance of the Change of Control if a definitive agreement for such Change of Control is in place at the time the offer is made.
The Change of Control Offer will expire at 11:59 p.m., New York City time, on September 21, 2022, unless extended or earlier terminated. The Acquisition is expected to close in October 2022, and the Offerors intend to extend the expiration time to have the purchase date in the Change of Control Offer coincide with the closing of the Acquisition. If the requisite consents to approve the proposed amendments with respect to a series of Notes are received (and a supplemental indenture to the related indenture giving effect to the proposed amendments is executed), the Offerors expect to terminate the Change of Control Offer for such series of Notes.
The consummation of the Acquisition is not conditioned upon, either directly or indirectly, the consummation of the Change of Control Offer.
Holders who do not tender their Notes in the Change of Control Offer, or who tender their Notes in the Change of Control Offer but validly withdraw such Notes, may tender their Notes in the Tender Offer. Holders should note that the Total Consideration is higher than, and the Tender Consideration is lower than, the Change of Control Purchase Price under the Change of Control Offer.
This press release neither constitutes a notice of Change of Control Offer as required by the respective indentures governing the Notes, nor does it constitute an offer to purchase, or a solicitation of an offer to sell or a solicitation of consents with respect to, any security. No offer, solicitation or purchase will be made in any jurisdiction in which such an offer, solicitation or purchase would be unlawful.
Requests for information or additional copies of the Change of Control Offer, dated August 24, 2022, may be directed to D.F. King & Co, Inc., the Information and Tender Agent, toll free at (888) 541-9895, toll at (212) 269-5550 (Banks and Brokers) or email at nielsen@dfking.com.
This communication includes information that could constitute forward-looking statements made pursuant to the safe harbor provision of the Private Securities Litigation Reform Act of 1995. These statements include those set forth above relating to the proposed transaction as well as those that may be identified by words such as "will," "intend," "expect," "anticipate," "should," "could" and similar expressions. These statements are subject to risks and uncertainties, and actual results and events could differ materially from what presently is expected, including regarding the proposed transaction and Nielsen ONE. Factors leading thereto may include, without limitation, the risks related to Ukraine conflict or the COVID-19 pandemic on the global economy and financial markets, the uncertainties relating to the impact of the Ukraine conflict or the COVID-19 pandemic on Nielsen's business, the failure of Nielsen's new business strategy in accomplishing Nielsen's objectives, economic or other conditions in the markets Nielsen is engaged in, impacts of actions and behaviors of customers, suppliers and competitors, technological developments, as well as legal and regulatory rules and processes affecting Nielsen's business, the timing, receipt and terms and conditions of any required governmental and regulatory approvals of the proposed transaction that could reduce anticipated benefits or cause the parties to abandon the proposed transaction, the occurrence of any event, change or other circumstances that could give rise to the termination of the transaction agreement entered into pursuant to the proposed transaction (the "Agreement"), the possibility that the Company shareholders may not approve the Acquisition, the risk that the parties to the Agreement may not be able to satisfy the conditions to the proposed transaction in a timely manner or at all, risks related to disruption of management time from ongoing business operations due to the proposed transaction, the risk that any announcements relating to the proposed transaction could have adverse effects on the market price of Nielsen's ordinary shares, the risk of any unexpected costs or expenses resulting from the proposed transaction, the risk of any litigation relating to the proposed transaction, the risk that the proposed transaction and its announcement could have an adverse effect on the ability of Nielsen to retain customers and retain and hire key personnel and maintain relationships with customers, suppliers, employees, shareholders and other business relationships and on its operating results and business generally, the risk the pending proposed transaction could distract management of Nielsen, and other specific risk factors that are outlined in Nielsen's disclosure filings and materials, which you can find on http://www.nielsen.com/investors, such as its 10-K, 10-Q and 8-K reports that have been filed with the Securities and Exchange Commission (the "SEC"). Please consult these documents for a more complete understanding of these risks and uncertainties. This list of factors is not intended to be exhaustive. Such forward-looking statements only speak as of the date of these materials, and Nielsen assumes no obligation to update any written or oral forward-looking statement made by Nielsen or on its behalf as a result of new information, future events or other factors, except as required by law.
This communication relates to the proposed transaction involving Nielsen. In connection with the proposed transaction, Nielsen will file relevant materials with the SEC, including Nielsen's definitive proxy statement on Schedule 14A filed on July 8, 2022, as supplemented by the supplement to the definitive proxy statement filed on August 19, 2022 (the "Proxy Statement"). This communication is not a substitute for the Proxy Statement or for any other document that Nielsen may file with the SEC and send to its shareholders in connection with the proposed transaction. The proposed transaction will be submitted to Nielsen's shareholders for their consideration. Before making any voting decision, Nielsen's shareholders are urged to read all relevant documents filed or to be filed with the SEC, including the Proxy Statement, as well as any amendments or supplements to those documents, when they become available because they will contain important information about the proposed transaction.
Nielsen's shareholders are able to obtain a free copy of the Proxy Statement, as well as other filings containing information about Nielsen, without charge, at the SEC's website (www.sec.gov). Copies of the Proxy Statement and the filings with the SEC that will be incorporated by reference therein can also be obtained, without charge, by directing a request to Nielsen Holdings plc, 675 6th Avenue New York, NY 10010, Attention: Investor Relations; telephone (410) 717-7134, or from Nielsen's website www.nielsen.com.
Nielsen and certain of its directors, executive officers and employees may be deemed to be participants in the solicitation of proxies in respect of the proposed transaction. Information regarding Nielsen's directors and executive officers is available in Nielsen's definitive proxy statement for its 2022 Annual General Meeting, which was filed with the SEC on April 5, 2022. Other information regarding the participants in the proxy solicitation and a description of their direct and indirect interests, by security holdings or otherwise, are contained in the Proxy Statement and other relevant materials to be filed with the SEC in connection with the proposed transaction when they become available. Free copies of the Proxy Statement and such other materials may be obtained as described in the preceding paragraph.
Nielsen shapes the world's media and content as a global leader in audience measurement, data and analytics. Through our understanding of people and their behaviors across all channels and platforms, we empower our clients with independent and actionable intelligence so they can connect and engage with their audiences—now and into the future.
An S&P 500 company, Nielsen (NYSE: NLSN) operates around the world in more than 55 countries. Learn more at www.nielsen.com or www.nielsen.com/investors and connect with us on Instagram, Facebook, Twitter, LinkedIn.
Elliott Investment Management L.P. manages approximately $55.7 billion of assets as of June 30, 2022. Its flagship fund, Elliott Associates, L.P., was founded in 1977, making it one of the oldest funds under continuous management. The Elliott funds' investors include pension plans, sovereign wealth funds, endowments, foundations, funds-of-funds, high net worth individuals and families, and employees of the firm. Evergreen Coast Capital Corp. is Elliott's Menlo Park affiliate, which focuses on technology investing.
Brookfield Business Partners is a global business services and industrials company focused on owning and operating high-quality businesses that provide essential products and services and benefit from a strong competitive position. Investors have flexibility to invest in our company either through Brookfield Business Corporation (NYSE, TSX:BBUC), a corporation, or Brookfield Business Partners L.P. (NYSE: BBU; TSX:BBU.UN), a limited partnership.
Brookfield Business Partners is the flagship listed vehicle of Brookfield Asset Management's Private Equity Group. Brookfield Asset Management is a leading global alternative asset manager with approximately $750 billion of assets under management.
Investor Relations: Sara Gubins, +1 646 283 7571; sara.gubins@nielsen.com
Media Relations: Connie Kim, +1 240 274 9999; connie.kim@nielsen.com
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SOURCE Nielsen Holdings plc | https://www.whsv.com/prnewswire/2022/08/24/nielsen-announces-commencement-tender-offers-consent-solicitations-change-control-offers-senior-notes/ | 2022-08-24T21:40:43Z |
DARIEN, Conn., Aug. 24, 2022 /PRNewswire/ -- Labor Day marks the official end of summer, so make it count. Let's have a little fun and celebrate Labor Day with your favorite cheese.
Jarlsberg® cheese, is famous around the world for its nutty, mild and sweet flavor. Jarlsberg® adds a little extra to any cuisine in the world. Jarlsberg® melts beautifully, which makes it perfect for gratins, pies, pizzas, burgers, quesadillas and cheese melt sandwiches. The mild nuttiness of Jarlsberg® is a perfect companion to most herbs and spices. In addition to the unique flavor, it offers just the right chewiness when melted on top. When added to fondues, soups or sauces Jarlsberg® blends in seamlessly.
Try the Jarlsberg® Maui Burger…using grilled pineapples as your burger buns. It's sweet and nutty & sure to WOW your friends and family. Perfect for your Labor Day celebration and festivities!
Jarlsberg® Cheese Melted Maui Madness Burger Recipe
Ingredients
(4 Servings)
- 1 1/2 pounds minced beef
- 1 tbsp tomato paste
- 1 tbsp teriyaki sauce
- 1 tbsp kosher salt
- Non-stick spray
- 4 thick pineapple rings
- 4 red bell pepper rings
- 4 slices of Jarlsberg®
- Thinly-sliced red onions
- 8 slices of cooked bacon (optional)
- Lettuce and tomato
Here is how you do it
Pre-heat your grill.
In a medium bowl, mix the beef with the tomato paste, teriyaki sauce and salt. Form 4 equal-sized burger patties.
Spray the grill with non-stick spray and grill the pineapple rings evenly on both sides. Set aside and grill peppers and burgers to your liking. Top the burgers with Jarlsberg® cheese and allow to melt slightly.
Assemble your burgers using the pineapple rings in place of a bun and top with the burger, cheese, peppers, red onion slices, bacon, lettuce and tomato slices.
Enter to Win! The Jarlsberg® Cheese Labor Day Grilling Sweepstakes!
Click link below, for a chance to win a 22 pounds Jarlsberg® cheese wheel, a cooler and grilling kit! Promotion runs now through 8/31/2022:
For more information and recipes, please visit:
Although sometimes mistaken for a Swiss cheese, Jarlsberg® is a singular creation — a cross between Gouda and Emmental. The structure and pattern of the holes are unique and inseparable from the mild, nutty flavor. The secret recipe from 1956 contains a propionic acid that is the source of both the flavor and the holes. You can't have one without the other, and the combination delivers a cheese that makes every meal memorable.
Jarlsberg® is a cheese that has both character and incredible versatility. The semi-soft cheese is a great addition to any cheese platter and pairs very well with fruit, nuts and even dark chocolate! When used for cooking Jarlsberg® is a real treat to work with.
#LifesBetterWithJarlsberg
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SOURCE Norseland Inc | https://www.whsv.com/prnewswire/2022/08/24/norseland-inc-launches-new-jarlsberg-cheese-labor-day-promotion/ | 2022-08-24T21:40:49Z |
WASHINGTON, Aug. 24, 2022 /PRNewswire/ -- The National Resident Matching Program® (NRMP®) is pleased to announce the return of its national in-person stakeholder conference, Transition to Residency, on October 6 – 8, 2022 on Coronado Island near San Diego, CA. The conference provides an opportunity for members of the medical education community, including learners, to network, collaborate, and have in-depth conversations about the transition to residency and opportunities for improvement and challenges it faces.
"We're looking forward to welcoming attendees to Coronado Island and providing a forum for in-person learning, collaborating, and networking," said NRMP President and CEO Donna L. Lamb, DHSc, MBA, BSN. "In its 70th year of matching, the NRMP has seen numerous improvements and innovative changes, and we are excited to share with conference attendees how the organization has evolved since 1952."
70 Years Strong. The Transition to Residency conference will launch a year-long anniversary campaign that examines how the NRMP has served and supported the medical education community for seven decades and its vision for the next 70 years. Attendees will have the opportunity to reflect on The Match and provide commentaries that may be incorporated into offerings shared with the medical education community throughout the remainder of 2022, through 2023.
Commitment to Equity and Well-Being. This year's conference theme is Illuminating Equity in the Transition to Residency, and the meeting will offer several breakout sessions focused on equity, social and environmental influences on applicant experience and well-being, and innovative projects and research. The meeting also will showcase three nationally recognized speakers who will entice the audience with their personal experiences and share real-life examples for how to improve equity, mental health, and wellness in the workplace:
Cecilia Muñoz served for eight years on President Obama's senior staff, first as Director of Intergovernmental Affairs, and then as Director of the Domestic Policy Council, making her the first Hispanic person to serve in the role. Ms. Muñoz is the author of More than Ready: Be Strong and Be you....and Other Lessons for Women of Color on the Rise, an offering of advice and inspiration to women of color in particular about working through fear, facing down detractors, leading with kindness, and being successful-without compromising who you are.
Poppy Jamie is the founder of the mental wellbeing app and corresponding product line Happy Not Perfect – which looks at mindfulness in a new way to guide its 100,000 users to feel happier, calmer, and less anxious. A deeply personal project combining behavioral scientific research, inspiration from her mother, and real life-experience, Ms. Jamie created Happy Not Perfect to inspire and empower people to care about their brains and thoughts with the same vigilance they tend to their faces and bodies.
Shola Richards is the CEO and Founder of Go Together Global™, the best-selling author of Making Work Work, and Go Together, and a civility writer with an enthusiastic worldwide following. Mr. Richards is deeply committed to helping organizations build compassion, competence, and accountability in the workplace. He supports and guides organizations to establish a culture of collective accountability, create action team norms, quicky address toxic behaviors, and improve results throughout an organization.
Online registration for the conference is available until Monday, October 3, 2022. Onsite registration will be available the day of the conference.
The National Resident Matching Program® (NRMP®) is a private, non-profit organization established in 1953 to oversee The Match® at the request of medical students to provide an orderly and fair mechanism for matching the preferences of applicants for U.S. residency positions with the preferences of residency program directors. In addition to the annual Main Residency Match® for more than 47,000 registrants, the NRMP also conducts Fellowship Matches for more than 70 subspecialties through its Specialties Matching Service® (SMS®).
To schedule an interview with NRMP President and CEO Donna L. Lamb, DHSc, contact media@nrmp.org.
2121 K Street NW, Suite 1000, Washington, DC 20037
www.nrmp.org Email: support@nrmp.org
Toll Free: (866) 653-NRMP Phone: (202) 400-2233
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CLAYTON, Mo., Aug. 24, 2022 /PRNewswire/ -- Olin Corporation (NYSE: OLN) announced today that it plans to permanently shut down approximately 225,000 ECU tons of diaphragm-grade chlor alkali capacity at its Freeport, TX facility. The closure is expected to be completed by year end 2022.
"Including this closure, Olin will have rationalized over one million ECU tons of diaphragm-grade chlor alkali capacity in less than two years," remarked Scott Sutton, Olin Chairman, President, and Chief Executive Officer. "These actions demonstrate our commitment to lift and maintain our ECU values, while developing a more sustainable asset configuration."
COMPANY DESCRIPTION
Olin Corporation is a leading vertically-integrated global manufacturer and distributor of chemical products and a leading U.S. manufacturer of ammunition. The chemical products produced include chlorine and caustic soda, vinyls, epoxies, chlorinated organics, bleach, hydrogen, and hydrochloric acid. Winchester's principal manufacturing facilities produce and distribute sporting ammunition, law enforcement ammunition, reloading components, small caliber military ammunition and components, and industrial cartridges.
Visit www.olin.com for more information on Olin.
FORWARD-LOOKING STATEMENTS
This communication includes forward-looking statements. These statements relate to analyses and other information that are based on management's beliefs, certain assumptions made by management, forecasts of future results, and current expectations, estimates and projections about the markets and economy in which we and our various segments operate. The statements contained in this communication that are not statements of historical fact may include forward-looking statements that involve a number of risks and uncertainties.
We have used the words "anticipate," "intend," "may," "expect," "believe," "should," "plan," "outlook," "project," "estimate," "forecast," "optimistic," "target," and variations of such words and similar expressions in this communication to identify such forward-looking statements. These forward-looking statements include, but are not limited to, statements regarding the Company's intent to repurchase, from time to time, the Company's common stock. These statements are not guarantees of future performance and involve certain risks, uncertainties and assumptions, which are difficult to predict and many of which are beyond our control. Therefore, actual outcomes and results may differ materially from those matters expressed or implied in such forward-looking statements. We undertake no obligation to update publicly any forward-looking statements, whether as a result of future events, new information or otherwise. The payment of cash dividends is subject to the discretion of our board of directors and will be determined in light of then-current conditions, including our earnings, our operations, our financial conditions, our capital requirements and other factors deemed relevant by our board of directors. In the future, our board of directors may change our dividend policy, including the frequency or amount of any dividend, in light of then-existing conditions.
The risks, uncertainties and assumptions involved in our forward-looking statements, many of which are discussed in more detail in our filings with the SEC, including without limitation the "Risk Factors" section of our Annual Report on Form 10-K for the year ended December 31, 2021, and our Quarterly Reports on Form 10-Q and other reports furnished or filed with the SEC, include, but are not limited to, the following:
Business, Industry and Operational Risks
- sensitivity to economic, business and market conditions in the United States and overseas, including economic instability or a downturn in the sectors served by us;
- declines in average selling prices for our products and the supply/demand balance for our products, including the impact of excess industry capacity or an imbalance in demand for our chlor alkali products;
- unsuccessful execution of our strategic operating model, which prioritizes Electrochemical Unit (ECU) margins over sales volumes;
- failure to control costs and inflation impacts or failure to achieve targeted cost reductions;
- our reliance on a limited number of suppliers for specified feedstock and services and our reliance on third-party transportation;
- higher-than-expected raw material, energy, transportation, and/or logistics costs;
- the occurrence of unexpected manufacturing interruptions and outages, including those occurring as a result of labor disruptions, production hazards and weather-related events;
- the failure or an interruption of our information technology systems;
- failure to identify, attract, develop, retain and motivate qualified employees throughout the organization;
- our inability to complete future acquisitions or successfully integrate them into our business;
- our substantial amount of indebtedness and significant debt service obligations;
- risks associated with our international sales and operations, including economic, political or regulatory changes;
- the negative impact from the COVID-19 pandemic and the global response to the pandemic, including without limitation adverse impacts in complying with governmental mandates;
- weak industry conditions affecting our ability to comply with the financial maintenance covenants in our senior credit facility;
- adverse conditions in the credit and capital markets, limiting or preventing our ability to borrow or raise capital;
- the effects of any declines in global equity markets on asset values and any declines in interest rates or other significant assumptions used to value the liabilities in, and funding of, our pension plans;
- our long-range plan assumptions not being realized causing a non-cash impairment charge of long-lived assets;
Legal, Environmental and Regulatory Risks
- changes in, or failure to comply with, legislation or government regulations or policies, including changes regarding our ability to manufacture or use certain products and changes within the international markets in which we operate;
- new regulations or public policy changes regarding the transportation of hazardous chemicals and the security of chemical manufacturing facilities;
- unexpected outcomes from legal or regulatory claims and proceedings;
- costs and other expenditures in excess of those projected for environmental investigation and remediation or other legal proceedings;
- various risks associated with our Lake City U.S. Army Ammunition Plant contract and performance under other governmental contracts; and
- failure to effectively manage environmental, social and governance (ESG) issues and related regulations, including climate change and sustainability.
All of our forward-looking statements should be considered in light of these factors. In addition, other risks and uncertainties not presently known to us or that we consider immaterial could affect the accuracy of our forward-looking statements.
2022-15
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ALAMEDA, Calif., Aug. 24, 2022 /PRNewswire/ -- Penumbra, Inc. (NYSE: PEN) today announced that its management team is scheduled to present at the following investor conferences on the dates and times listed below:
Webcasts of the presentations will be available by visiting the investors' section of the company's website at www.penumbrainc.com. The webcasts will be available on the company's website for at least two weeks following the event.
Penumbra, Inc., headquartered in Alameda, California, is a global healthcare company focused on innovative therapies. Penumbra designs, develops, manufactures and markets novel products and has a broad portfolio that addresses challenging medical conditions in markets with significant unmet need. Penumbra supports healthcare providers, hospitals and clinics in more than 100 countries. For more information, visit www.penumbrainc.com and connect on Twitter and LinkedIn.
Penumbra, Inc.
510-995-2461
investors@penumbrainc.com
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LAKELAND, Fla., Aug. 22, 2022 /PRNewswire/ -- For the 13th consecutive year, Florida Southern College has been named one of America's top colleges by The Princeton Review. The annual "Best Colleges" guide showcases the schools the publisher recommends, including only 14 percent of America's four-year colleges.
"We are always delighted to be included among the schools featured in this prestigious college guide," said Dr. Anne B. Kerr, President. "At Florida Southern, we strive to foster an environment of engagement. Through close mentorships with expert faculty, students are provided opportunities to perform, create, and gain real-world experience. With the guidance of our career services team, they emerge ready not only for employment or graduate school, but also to lead meaningful lives."
In this newest edition, The Princeton Review once again praised Florida Southern College for its academic excellence and beautiful campus environment, including FSC in its list of Most Beautiful Campuses in the nation—an honor bestowed on FSC for the last 13 years. The Princeton Review also lauded FSC's theater and career services departments as among the best in the nation.
"Our holistic approach to career development, starting from acceptance to Florida Southern College, ensures each student has individualized support to help them explore careers, build competencies, and ultimately secure a meaningful career aligned with their professional aspirations," explained Dr. Lauren Albaum, executive director of career services. "We are thrilled that our outstanding career preparation has been recognized as one of the top 25 in the nation."
The 50 annual college rankings lists are entirely based on how students respond via survey. Each ranking list reports the top 25 colleges in a specific category. In categories that span academics, amenities, school services, campus culture, extracurriculars, and more, these unique lists are based on The Princeton Review's surveys of 160,000 students attending the 388 schools in its flagship college guide, The Best 388 Colleges.
"Since 1992, our mission has been to give students a more useful resource to find the best college for them," said Rob Franek, Editor-in-Chief of The Princeton Review. "Our selection of the colleges in this book is based on our opinion of their academic offerings. We recommend each one as an academically outstanding choice for an applicant. Our ranking lists, however, are not based on our opinions of the colleges. They're entirely based on what the schools' own students have told us about their experiences at them."
This year's The Best 388 Colleges guide underscores the key role that FSC's campus environment plays in sustaining a holistic college experience, as attested to by students. Florida Southern College blends academic rigor and creative performance with a beautiful campus that highlights the wonders of the natural world through the lens of Frank Lloyd Wright's aesthetic.
Founded in 1883, Florida Southern College is the oldest private college in the state. The College maintains its commitment to academic excellence through 70+ undergraduate programs and distinctive graduate programs in business administration, education, nursing, and physical therapy. Florida Southern has a 14:1 student-to-faculty ratio, is an award-winning national leader in engaged learning, and boasts 30 NCAA Division II National Championships. Florida Southern is ranked at #8 among the "Best Regional Universities in the South" by U.S. News & World Report in its 2022 "Best Colleges" guide and is included in The Princeton Review's 2023 Best 388 Colleges guide and the "Fiske Guide to Colleges 2023." The 2022-2023 Colleges of Distinction guidebook praises Florida Southern's AACSB accredited Barney Barnett School of Business and Free Enterprise alongside the College's School of Education and its Ann Blanton Edwards School of Nursing and Health Sciences. Poets&Quants, U.S. News & World Report, Fortune, and The Princeton Review further laud the Barney Barnett School of Business and Free Enterprise and the Ann Blanton Edwards School of Nursing and Health Sciences as foremost programs in the nation for business and nursing education. Home to the world's largest single-site collection of Frank Lloyd Wright architecture, FSC has appeared on The Princeton Review's top 25 "Most Beautiful Campus" national listing for 13 consecutive years. Connect with Florida Southern College.
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SAN MATEO, Calif., Aug. 24, 2022 /PRNewswire/ -- Reali, the real estate and fintech platform transforming home buying and selling, announced today it will begin a shutdown and will be laying off most of the workforce on September 9, 2022.
Co-Founder and Chairman of the Board Amit Haller said, "Reali was one of the pioneering companies to offer the 'buy before you sell' and 'cash offer' programs to homeowners. We believed deeply in benefiting the consumer foremost in every transaction. The six years Reali spent evolving the prop tech market in California helped elevate and transform the industry."
Due to the challenging real estate and financial market conditions and unfavorable capital-raising environment, Reali determined the best course of action is to close. Active real estate transactions will continue to be supported through the end of the year by a small team of employees. Reali is in ongoing conversations with companies that have expressed interest in acquiring specific parts of its business, including mortgage origination, title & escrow, and power buying.
"We had an incredible six-year run delighting homeowners," said Tyler Baldwin, Chief Executive Officer of Reali. "We want to extend our deepest gratitude to the thousands of homeowners who trusted Reali with their homeownership journeys, the Reali team, our investors, and those who rooted for us from the sidelines. It has been a pleasure to serve our communities."
About Reali
Reali launched in 2016 and is a real estate and fintech company creating a one-stop shop to make homeownership streamlined, accessible, and stress-free every step of the way. We leverage first-in-kind technology and trusted real estate experts to serve home buyers, borrowers, and sellers in a single, integrated platform. Our wide range of alternative financing solutions makes a complicated process like buying and selling at the same time much less complicated. Customers can buy and sell in one coordinated transaction, eliminating resale contingencies, moving twice, and paying two mortgages at once.
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NEW YORK, Aug. 24, 2022 /PRNewswire/ --
WHY: Rosen Law Firm, a global investor rights law firm, announces the filing of a class action lawsuit on behalf of purchasers of the securities of Coinbase Global, Inc. (NASDAQ: COIN) between April 14, 2021 and July 26, 2022, both dates inclusive (the "Class Period"). If you wish to serve as lead plaintiff, you must move the Court no later than October 3, 2022.
SO WHAT: If you purchased Coinbase securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.
WHAT TO DO NEXT: To join the Coinbase class action, go to https://rosenlegal.com/submit-form/?case_id=8095 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than October 3, 2022. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.
WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources or any meaningful peer recognition. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs' Bar. Many of the firm's attorneys have been recognized by Lawdragon and Super Lawyers.
DETAILS OF THE CASE: According to the lawsuit, defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (1) Coinbase custodially held crypto assets on behalf of its customers, which assets Coinbase knew or recklessly disregarded could qualify as the property of a bankruptcy estate, making those assets potentially subject to bankruptcy proceedings in which Coinbase's customers would be treated as the Company's general unsecured creditors; (2) Coinbase allowed Americans to trade digital assets that Coinbase knew or recklessly disregarded should have been registered as securities with the SEC; (3) the foregoing conduct subjected the Company to a heightened risk of regulatory and governmental scrutiny and enforcement action; and (4) as a result, the Company's public statements were materially false and misleading at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.
To join the Coinbase class action, go to https://rosenlegal.com/submit-form/?case_id=8095 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action.
No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor's ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.
Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.
Attorney Advertising. Prior results do not guarantee a similar outcome.
Contact Information:
Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, P.A.
275 Madison Avenue, 40th Floor
New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
lrosen@rosenlegal.com
pkim@rosenlegal.com
cases@rosenlegal.com
www.rosenlegal.com
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SOURCE Rosen Law Firm, P.A. | https://www.whsv.com/prnewswire/2022/08/24/rosen-longstanding-trusted-firm-encourages-coinbase-global-inc-investors-secure-counsel-before-important-deadline-securities-class-action-coin/ | 2022-08-24T21:41:32Z |
NEW YORK, Aug. 24, 2022 /PRNewswire/ --
WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of Celsius Financial Products, including CEL Tokens, Earn Rewards high-interest accounts, and/or Celsius Loan products, between February 9, 2018, and June 13, 2022, inclusive (the "Class Period"), against Celsius Network LLC ("Celsius"), Celsius Lending LLC, Celsius KeyFi LLC (collectively, the "Celsius Entities") and its executives Alexander Mashinsky, Shlomi "Daniel" Leon, David Barse, and Alan Jeffrey Carr (together, "Defendants"), of the important September 13, 2022 lead plaintiff deadline.
SO WHAT: If you purchased Celsius Financial Products, including CEL Tokens, Earn Rewards high-interest accounts, and/or Celsius Loan products you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.
WHAT TO DO NEXT: To join the Celsius class action, go to https://rosenlegal.com/submit-form/?case_id=7586 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than September 13, 2022. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.
WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources or any meaningful peer recognition. Many of these firms do not actually handle securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs' Bar. Many of the firm's attorneys have been recognized by Lawdragon and Super Lawyers.
DETAILS OF THE CASE: According to the lawsuit, Defendants violated provisions of the Securities Act by selling non-exempt securities without registering it. The complaint alleges that Celsius and Individual Defendants violated provisions of the Securities Act by also participating in Celsius' failure to register the Celsius Financial Products. The complaint alleges that the Defendants violated provisions of the New Jersey Common Law by possessing the monetary value of Celsius Financial Products of inflated value which rightfully belongs to the Plaintiff and members of the Class.
Also according to the lawsuit, Defendants violated provisions of the Exchange Act by carrying out a plan, scheme, and course of conduct that Celsius intended to and did deceive retail investors and thereby caused them to purchase Celsius Financial Products at artificially inflated prices; endorsed false statements they knew or recklessly should have known were material misleading, and they made untrue statements of material fact and omitted to state material facts necessary to make the statements made not misleading.
To join the Celsius class action, go to https://rosenlegal.com/submit-form/?case_id=7586 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action.
No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor's ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.
Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.
Attorney Advertising. Prior results do not guarantee a similar outcome.
Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, P.A.
275 Madison Avenue, 40th Floor
New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
lrosen@rosenlegal.com
pkim@rosenlegal.com
cases@rosenlegal.com
www.rosenlegal.com
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SOURCE Rosen Law Firm, P.A. | https://www.whsv.com/prnewswire/2022/08/24/rosen-respected-leading-firm-encourages-celsius-investors-secure-counsel-before-important-deadline-securities-class-action-cel/ | 2022-08-24T21:41:39Z |
NEW YORK, Aug. 24, 2022 /PRNewswire/ -- Weiss Law, a national shareholders' rights law firm, is investigating possible breaches of fiduciary duty and violations of the federal securities laws by the directors and officers of MicroStrategy Incorporated (NASDAQ: MSTR) ("MicroStrategy" or the "Company") concerning the Company's mounting losses tied to its Bitcoin purchases and holdings.
If you own MicroStrategy shares and wish to discuss this investigation, or share information which you have, or if you have any questions concerning this notice or your rights or interests, visit our website at
https://www.weisslaw.co/news-and-cases/mstr
Or contact:
Josh Rubin, Esq.
stocks@weisslaw.co
(212) 682-3025
THERE IS NO COST OR OBLIGATION TO YOU
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. For more information about the firm, please go to: http://www.weisslaw.co
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AUSTIN, Texas, Aug. 24, 2022 /PRNewswire/ -- With the passage of the Bipartisan Infrastructure Law and with infrastructure funding packages further addressed in both the U.S. House and Senate in 2022, counties, cities, and towns will see an unprecedented amount of federal funding reach their local communities in the coming years. Smart Cities Connect, the preeminent convener of municipal decision-makers in North America announced Wednesday that its fall Conference and Expo, held in Washington, D.C., from September 26-29, will focus heavily on discussing how the use of those funds can create a more resilient, more equitable future for residents.
"Besides the objective to modernize America's roads and bridges, the passage of the Infrastructure Investment & Jobs Act also addresses the access gap and the adoption gap underlying the digital divide," said Don Jacobson, IT Business Partner for Innovation – Las Vegas, NV. "Expanding broadband, subsidizing broadband subscriptions, and providing training will combine to ensure all Americans have the technology and the skills to leverage that technology to actively participate in our digital economy."
From high-speed internet to public transit, from the power grid to bridges and roads, funding will touch virtually every aspect of American infrastructure. Moving those advancements forward are city decision-makers and local leadership, 300 of which will gather at Smart Cities Connect Conference, along with innovators, corporations, federal agencies, and more. With access to funding – the dominant challenge preceding passage of the Infrastructure Law – now taking a backseat, cities can and are exploring how infrastructure investments have the potential to be more than pothole fillers.
"The hundreds of participating cities represent the nation's largest gathering of key leaders implementing billions in infrastructure funds to build the backbone of daily life in America. Our cities can do so much more than we dreamed with the innovation now available to us. It can transform our communities with meaningful data points, build equity and trust, and empower cities to use resources for the betterment of all residents," said Matthew Laudon, Vice President – TechConnect Division, ATI. "We're proud uniters of the largest gathering of municipal decision makers in the nation each year, and we remain committed to a city-first agenda that dives into the issues that matter most to them. In 2022, infrastructure takes center stage."
For more information or to attend the event this fall, visit: https://fall.smartcitiesconnect.org/index.html.
Smart Cities Connect Conference and Expo offers the most comprehensive conference, exposition and accelerator of smart city innovation in North America. It delivers premium networking and educational opportunities with a keen focus on city leaders and their priorities. Working closely with the technology community, Smart Cities Connect brings together the largest collection of intelligent systems providers for energy, infrastructure, networks, data management, urban mobility, resident engagement and governance solutions. Smart Cities Connect is powered by TechConnect, a division of Advanced Technology International. www.smartcitiesconnect.com
With 25+ years of experience connecting emerging technologies with unique funding and partnership opportunities, TechConnect boasts the most robust research and innovation network in the world. It employs a broad scope of tools to deliver top technologies, including open innovation programs, conferences, and open-access publications. Each year, TechConnect prospects, vets, and connects thousands of emerging technologies with corporate, investment, municipal, and national defense clients. TechConnect is a division of Advanced Technology International. techconnect.org
ATI, a public-service nonprofit based in Summerville, S.C., builds and manages collaborations that conduct research and development of new technologies to solve our nation's most pressing challenges. Fueled by a community of experts from industry, academia, and government, ATI accelerates impact by using the power of collaboration to help the federal government quickly acquire novel technologies. ATI is a subsidiary of Analytic Services, Inc. (ANSER), a public-service research institute organized as a nonprofit corporation, which is dedicated to informing decisions that shape the nation's future. ATI.org
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SOURCE ATI (Advanced Technology International) | https://www.whsv.com/prnewswire/2022/08/24/smart-cities-connect-unites-nations-largest-gathering-cities-around-nations-largest-federal-infrastructure-spending/ | 2022-08-24T21:41:57Z |
NEW YORK, Aug. 24, 2022 /PRNewswire/ -- Inc. revealed last week that Trainual is No. 255 on its annual Inc. 5000 list, the most prestigious ranking of the fastest-growing private companies in America. The list represents a one-of-a-kind look at the most successful companies within the economy's most dynamic segment—its independent businesses. Facebook, Chobani, Under Armour, Microsoft, Patagonia, and many other well-known names gained their first national exposure as honorees on the Inc. 5000.
"One of the most important steps to scaling a business is to ensure business leaders have the proper tools in place for teams to systemize, organize and scale," says Chris Ronzio, CEO of Trainual. "We're so incredibly proud that Trainual has met the needs for SMBs in more than 180 countries - and now we're recognized as one of the fastest growing companies in America."
The companies on the 2022 Inc. 5000 have not only been successful, but have also demonstrated resilience amid supply chain woes, labor shortages, and the ongoing impact of Covid-19. Among the top 500, the average median three-year revenue growth rate soared to 2,144 percent. Together, those companies added more than 68,394 jobs over the past three years.
Complete results of the Inc. 5000, including company profiles and an interactive database that can be sorted by industry, region, and other criteria, can be found at www.inc.com/inc5000. The top 500 companies are featured in the September issue of Inc. magazine, which will be available on August 23.
"The accomplishment of building one of the fastest-growing companies in the U.S., in light of recent economic roadblocks, cannot be overstated," says Scott Omelianuk, editor-in-chief of Inc. "Inc. is thrilled to honor the companies that have established themselves through innovation, hard work, and rising to the challenges of today."
With $33.75 million in funding backed by Daymond John from SharkTank, Indeed Co-Founder Rony Kahan, and many more notable industry players, Trainual has experienced 2,113% growth in only three years. The brand plans to expand product offerings, hire and continue to grow as the leading SaaS platform into 2023.
CONTACT:
Becky Winter
602-962-6130
becky@trainual.com
About Trainual
Trainual is a training and knowledge management platform designed to help business teams get people up to speed faster, keep them aligned from anywhere, streamline their systems and processes, and increase productivity. Built with small business budgets and ease of use in mind, Trainual makes online training manuals easy to build and simple to scale. More than 7,500 companies in over 180 countries are building their business playbooks, training their teams, and improving their operations with Trainual.
Methodology
Companies on the 2022 Inc. 5000 are ranked according to percentage revenue growth from 2018 to 2021. To qualify, companies must have been founded and generating revenue by March 31, 2018. They must be U.S.-based, privately held, for-profit, and independent—not subsidiaries or divisions of other companies—as of December 31, 2021. (Since then, some on the list may have gone public or been acquired.) The minimum revenue required for 2018 is $100,000; the minimum for 2021 is $2 million. As always, Inc. reserves the right to decline applicants for subjective reasons. Growth rates used to determine company rankings were calculated to four decimal places. The top 500 companies on the Inc. 5000 are featured in Inc. magazine's September issue. The entire Inc. 5000 can be found at http://www.inc.com/inc5000.
About Inc.
The world's most trusted business-media brand, Inc. offers entrepreneurs the knowledge, tools, connections, and community to build great companies. Its award-winning multiplatform content reaches more than 50 million people each month across a variety of channels including websites, newsletters, social media, podcasts, and print. Its prestigious Inc. 5000 list, produced every year since 1982, analyzes company data to recognize the fastest-growing privately held businesses in the United States. The global recognition that comes with inclusion in the 5000 gives the founders of the best businesses an opportunity to engage with an exclusive community of their peers, and the credibility that helps them drive sales and recruit talent. The associated Inc. 5000 Conference & Gala is part of a highly acclaimed portfolio of bespoke events produced by Inc. For more information, visit www.inc.com.
For more information on the Inc. 5000 Conference & Gala, visit http://conference.inc.com/.
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CHATTANOOGA, Tenn., Aug. 24, 2022 /PRNewswire/ -- Unum Group's (NYSE: UNM) President & CEO, Rick McKenney along with Unum EVP and CFO, Steve Zabel, will represent the company at the 2022 Barclays Global Financial Services Conference.
McKenney and Zabel are scheduled to speak at the conference in New York at 10:30 a.m. EST on Wednesday, September 14, 2022. They will discuss the company's business strategy and future growth prospects. A live webcast of the presentation will be available on the Investors section of Unum's website, www.investors.unum.com, on the News and Events page.
ABOUT UNUM GROUP
Unum (NYSE: UNM), an international provider of workplace benefits and services, has been helping workers and their families for more than 170 years. Through its Unum and Colonial Life brands, the company offers disability, life, accident, critical illness, dental, vision and stop-loss insurance; leave and absence management support and behavioral health services. In 2021, Unum reported revenues of $12.0 billion and paid $8.2 billion in benefits. The Fortune 500 company is one of the 2022 World's Most Ethical Companies, recognized by Ethisphere®.
Visit the Unum newsroom for more information, and connect with us on LinkedIn, Facebook, Twitter, and Instagram
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SOURCE Unum Group | https://www.whsv.com/prnewswire/2022/08/24/unum-group-present-barclays-global-financial-services-conference/ | 2022-08-24T21:42:10Z |
LEXINGTON, Ky., Aug. 24, 2022 /PRNewswire/ -- Valvoline Inc. (NYSE: VVV), a global leader in vehicle care powering the future of mobility through innovative services and products, will present at the Goldman Sachs 29th Annual Global Retailing Conference in New York on Wednesday, Sept. 7 at 4 p.m. ET.
A live audio webcast of the presentation will be available on Valvoline's website at http://investors.valvoline.com. Shortly after the call concludes, a replay of the webcast will be available on this same website.
About Valvoline™
Valvoline Inc. (NYSE: VVV) is a global leader in vehicle care powering the future of mobility through innovative services and products for vehicles with electric, hybrid and internal combustion powertrains. Established in 1866, the Company introduced the world's first branded motor oil and developed strong brand recognition and customer satisfaction ratings over the years across multiple service and product channels. The Company operates and franchises nearly 1,700 service center locations and is the No. 2 and No. 3 largest chain in the U.S. and Canada, respectively, by number of stores. With sales in more than 140 countries and territories, Valvoline's solutions are available for every engine and drivetrain, including high-mileage and heavy-duty vehicles, and are offered at more than 80,000 locations worldwide. Creating the next generation of advanced automotive solutions, Valvoline has established itself as the world's leading supplier of battery fluids to electric vehicle manufacturers, offering tailored products to help extend vehicle range and efficiency. To learn more, or to find a Valvoline service center near you, visit valvoline.com.
™ Trademark, Valvoline or its subsidiaries, registered in various countries
FOR FURTHER INFORMATION
Investor Inquiries
+1 (859) 357-3155
IR@valvoline.com
Media Inquiries
Michele Gaither Sparks
Sr. Director, Corporate Communications
+1 (859) 230-8097
michele.sparks@valvoline.com
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SOURCE Valvoline Inc. | https://www.whsv.com/prnewswire/2022/08/24/valvoline-present-goldman-sachs-global-retailing-conference-sept-7/ | 2022-08-24T21:42:17Z |
HALIFAX, NS, Aug. 24, 2022 /PRNewswire/ - The Board of Directors of WildBrain Ltd. ("WildBrain" or the "Company") (TSX: WILD), a global leader in kids' and family entertainment, has extended Eric Ellenbogen's contract as Chief Executive Officer and Vice Chair of the Company for three years. Ellenbogen joined WildBrain in August 2019 and, since then, has bolstered the Company's core businesses, while opening new growth areas and expanding into new regions.
Ellenbogen said: "These past three years saw us deliberately build the resources and teams to create an end-to-end 360-degree platform to monetize kids' brands globally in the digital world. While this required significant and consistent investment to reposition and turn our assets to account, we are now set to generate meaningful financial returns in the years ahead. We believe we are the only independent global kids' company with this full, 360-degree suite of capabilities across production, marketing, distribution and licensing—a truly unique and valuable position in today's media landscape.
"Looking forward to our next three years, we've already built an incredibly strong content pipeline of our owned IP that we'll be bringing back to market and monetizing across our 360-degree platform. We'll continue to build on this strong pipeline and, further, we'll now look to bring on and develop more, and deeper, partnerships with third-party kids' brands. We'll also continue to look to partner with the large distribution platforms that need our capabilities to truly compete, allowing them to engage viewers wherever, however and whenever audiences want."
Under Ellenbogen's tenure to date, the company has:
- Implemented its 360° IP strategy to activate multiple evergreen brands from WildBrain's vault, leveraging the Company's capabilities across content production, marketing, distribution and consumer products licensing
- Bolstered the management team with experienced executives from DreamWorks, NBCUniversal, Disney, Nickelodeon, 20th Century Fox and Hasbro, among others
- Continued to grow the WildBrain Spark digital media division to over 1 trillion minutes of watch time on YouTube
- Expanded the global footprint of the Company's wholly owned consumer products agency, WildBrain CPLG, into Asia Pacific, North America, India, Germany and Italy; and launched a dedicated China office, forging content partnerships with iQiyi, Youku, Tencent, ByteDance and others
- Increased the Company's IP holdings with consolidation of rights in existing titles, and acquisitions or partnerships such as the Jay Ward Productions library (Rocky & Bullwinkle, George of the Jungle, etc.)
- Produced over 550 half hours of original content across animation and live action
- Executed multiple significant original content and library deals for evergreen brands with major distribution partners, including:
- Re-launched the Strawberry Shortcake brand with a new digital-first series on WildBrain Spark, driving new consumer products and gaming deals, plus new content production and distribution deals with Netflix, Peacock, Roku, Amazon and others
- Grew Peanuts licensing business to over US $2.5 billion at retail, globally
- Secured $25 million in financing to drive growth initiatives; raised $60 million in over-subscribed Rights Offering; refinanced credit facilities on favourable terms
As part of the Company's overall succession planning, the contract includes an option to transition Ellenbogen to Executive Chair in the second half of the term.
Don Wright, Chair of WildBrain's Board of Directors, said: "When Eric was appointed CEO and Vice Chair almost three years ago, WildBrain needed a new vision and a turnaround. In that time, he has successfully set the Company on a profitable and sustainable growth trajectory. He has built a deep and experienced management team and infused our global organization with a culture of creative excellence, innovation, accountability and inclusivity. On behalf of the Board, we're confident that Eric is the right leader to drive shareholder value, with a compelling vision for WildBrain's future."
Ellenbogen added: "I believe our management team is one of the strongest in entertainment, and I'm delighted to continue working with this talented group to cement WildBrain's leadership position in the kids' and family business. I'm grateful to my colleagues across the entire WildBrain organization for their passion, dedication and hard work, and also to my fellow Board members for their continued support and their diligence on behalf of our shareholders. It's a great time to be at WildBrain, and I couldn't be more excited for what comes next."
Prior to joining WildBrain, Ellenbogen spent over 30 years managing some of the most enduring IP in media and entertainment. He has held senior executive roles as President of Broadway Video Entertainment, President of Golden Books Family Entertainment, and President and CEO of Marvel Enterprises before its acquisition by Disney. With the backing of private equity, he co-founded Classic Media in 2000, which became one of the largest private owners of branded kids' and family entertainment and was acquired by DreamWorks Animation (DWA) in 2012. At DWA, Ellenbogen became Co-Head of DreamWorks Classics and DreamWorks International Television and was key to the company's entry into the television business. Following DWA's sale to NBCUniversal, Ellenbogen became Co-President of Classic Media, which was restarted as a business unit of NBCUniversal. Ellenbogen was a board director of Golden Books and Marvel, then both public companies.
About WildBrain
At WildBrain we inspire imaginations to run wild, engaging kids and families everywhere with great content across all media. With approximately 13,000 half-hours of filmed entertainment in our library – one of the world's most extensive – we are home to such brands as Peanuts, Teletubbies, Strawberry Shortcake, Yo Gabba Gabba!, Caillou, Inspector Gadget, Johnny Test and Degrassi. At our 75,000-square-foot state-of-the-art animation studio in Vancouver, BC, we produce such fan-favourite series as The Snoopy Show, Snoopy in Space, Chip & Potato, Carmen Sandiego, Go, Dog. Go! and more. Our shows are enjoyed worldwide in more than 150 countries on over 500 streaming platforms and telecasters, and our AVOD business – WildBrain Spark – offers one of the largest networks of kids' channels on YouTube, garnering billions of views per month from over 245 million subscribers. Through our leading agency, WildBrain CPLG, we also license consumer products and location-based entertainment in every major territory for our own properties as well as for our clients and content partners. Our television group owns and operates four family entertainment channels that are among the most viewed in Canada. WildBrain is headquartered in Canada with offices worldwide and trades on the Toronto Stock Exchange (TSX: WILD). Visit us at WildBrain.com.
Forward-Looking Statements
This press release contains "forward looking statements" under applicable securities laws with respect to WildBrain including, without limitation, statements regarding the growth strategy of WildBrain, WildBrain's production pipeline, investments made by WildBrain and expected benefits and associated financial returns, the value of WildBrain's assets and market position, WildBrain's succession planning, the business strategies and operational activities of WildBrain, the markets and industries in which WildBrain operates, and the growth and future financial and operating performance of WildBrain. Although WildBrain believes that the expectations reflected in such forward looking statements are reasonable, such statements involve risks and uncertainties and are based on information currently available to WildBrain. Actual results or events may differ materially from those expressed or implied by such forward looking statements. These forward-looking statements are made as of the date hereof, and WildBrain assumes no obligation to update or revise them to reflect new events or circumstances, except as required by law.
Forward-looking statements are based on factors and assumptions that management believes are reasonable at the time they are made, but a number of assumptions may prove to be incorrect, including, but not limited to, assumptions about (i) WildBrain's future operating results, (ii) the expected pace of expansion of WildBrain's operations, (iii) future general economic and market conditions, including debt and equity capital markets and the availability of financing on acceptable terms, (iv) the impact of increasing competition on WildBrain, (v) changes in the industries, and changes in laws and regulations related to the industries, in which WildBrain operates, (vi) consumer preferences, (vii) the ability of WildBrain to execute on acquisition and other growth strategies and opportunities and realize the expected benefits therefrom, (viii) the ability of WildBrain to execute on production, distribution and licensing arrangements, (ix) the availability of investment opportunities at acceptable valuations and the ability of WildBrain to execute on such investment opportunities, * the timing for commencement and completion of productions, (xi) the ability of WildBrain and its partners to execute on its brand plans and consumer products programs, (xii) changes in the markets and industries in which the WildBrain operates and the ability of WildBrain to adapt to such changes, (xiii) changes to YouTube and in advertising markets, (xiv) the ability of WildBrain to commercialize consumer products related to its brands, and (xv) changes in foreign exchange and interest rates.
Forward-looking statements are inherently subject to risks and uncertainties that may be general or specific and which give rise to the possibility that expectations, forecasts, predictions, projections or conclusions will not prove to be accurate, that assumptions may not be correct, and that objectives, strategic goals and priorities will not be achieved. Known and unknown risk factors, many of which are beyond the control of the Company, could cause actual results to differ materially from the forward-looking statements in this press release. Factors that could cause actual results or events to differ materially from current expectations include, among other things, the current outbreak of COVID-19 and the magnitude and length of economic disruption as a result of such outbreak, market factors, WildBrain's ability to close and execute on anticipated production, distribution, licensing and other contracts, the ability of WildBrain to realize the expected value of its assets, and other factors discussed in materials filed with applicable securities regulatory authorities from time to time including matters discussed under "Risk Factors" in WildBrain's most recent Annual Information Form and Management Discussion and Analysis filed with the securities regulatory authorities in Canada and available under the Company's profile on SEDAR (www.sedar.com).
For more information, please contact:
Investor Relations: Nancy Chan-Palmateer - Director, Investor Relations, WildBrain
nancy.chanpalmateer@wildbrain.com
+1 416-977-7358
Media: Shaun Smith - Director, Corporate & Trade Communications, WildBrain
shaun.smith@wildbrain.com
+1 416-977-7230
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SOURCE WildBrain Ltd. | https://www.whsv.com/prnewswire/2022/08/24/wildbrain-renews-ceo-eric-ellenbogens-contract/ | 2022-08-24T21:42:24Z |
NEW YORK, Aug. 24, 2022 /PRNewswire/ -- Wix.com Ltd. (Nasdaq: WIX), today announced that management will participate in a fireside chat at the Evercore ISI 2nd Annual Technology Conference on Thursday, September 8th at 2:15 p.m. ET.
The events will be available via live audio webcast and archived replay on Wix's investor relations website: https://investors.wix.com.
Wix is a leading platform to create, manage and grow a digital presence. What began as a website builder in 2006 is now a complete platform providing users with enterprise-grade performance, security and a reliable infrastructure. Offering a wide range of commerce and business solutions, advanced SEO and marketing tools, Wix enables users to take full ownership of their brand, their data and their relationships with their customers. With a focus on continuous innovation and delivery of new features and products, anyone can build a powerful digital presence to fulfill their dreams on Wix.
For more about Wix, please visit our Press Room
Investor Relations:
ir@wix.com
Media Relations:
pr@wix.com
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SOURCE Wix.com Ltd. | https://www.whsv.com/prnewswire/2022/08/24/wix-participate-fireside-chat-evercore-isi-annual-technology-conference/ | 2022-08-24T21:42:31Z |
LIVONIA , Mich., Aug. 24, 2022 /PRNewswire/ -- XanEdu, a custom publishing company working with the K-12 and higher education markets, is excited to announce a new Business Suite of titles, including Economics and Statistics courses for their customizable FlexEd courseware platform.
XanEdu FlexEd delivers an affordable, complete courseware solution that enhances student outcomes in any learning environment. The platform compliments quality, peer reviewed OER content, such as OpenStax, to guide students through the course in an easy-to-follow learning path. With unique features such as case studies that can be added to a course and used as case-based learning, lesson assessments, and engaging video content, the new Business Suite promotes career readiness and inspires ethical approaches to the field of business and management. By centralizing real-world issues, students are empowered to apply their understanding through proven pedagogical methods.
"Having content that is developed by professors and experts in the business field not only engages students but strengthens their skill set as they pursue personal and professional career trajectories," notes Beth Firenze, Higher Education Marketing Director, XanEdu. "Knowing that FlexEd courses are 80+% less expensive than alternatives means more students will have access to these new materials."
The suite includes the following Business, Economics, and Statistics courses:
- Introduction to Business
- Principles of Management
- Introductory Statistics
- Introductory Business Statistics
- Principles of Economics
- Principles of Microeconomics
- Principles of Macroeconomics
With the addition of 7 business, economic, and statistics titles, this new Suite further enhances the FlexEd platform, which contains a wide range of materials and activities that instructors can use to create their own courseware that match syllabi, instructional methods, and modalities.
Today, dozens of colleges and universities have adopted FlexEd to help deliver an affordable, complete courseware solution that enhances student outcomes in any learning environment. This new Suite aims to expand such collaboration.
More information can be found at www.xanedu.com/flexed and www.xanedu.com, or by contacting the XanEdu team at HigherEd@xanedu.com.
XanEdu FlexEd courseware is used by thousands of students across colleges and universities large and small. It is an effective mix of blended/hybrid and fully online settings. All courseware is editable and can be used with, or in place of, a traditional textbook – at a substantially lower cost – supporting affordability initiatives while improving engagement and student performance. This easy-to-use platform adapts in order to simplify learning for both instructors and students.
XanEdu has been increasing student engagement and enhancing learning outcomes since 1999 by delivering innovative solutions across the education spectrum. We are committed to advancing the education tools for tomorrow through innovative products and services that meet students' evolving learning styles. We incorporate cutting edge technology while maintaining our commitment to affordability and accessibility. XanEdu is a privately held company headquartered in Livonia, MI.
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SOURCE XanEdu Publishing, Inc. | https://www.whsv.com/prnewswire/2022/08/24/xanedu-announces-new-business-suite-flexed-courseware-platform/ | 2022-08-24T21:42:38Z |
NEW YORK, Aug. 24, 2022 /PRNewswire/ --
WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of 17 Education & Technology Group Inc. (NASDAQ: YQ) pursuant and/or traceable to the registration statement and related prospectus (collectively, the "Registration Statement") issued in connection with 17EdTech's December 2020 initial public offering (the "IPO"), of the important September 19, 2022 lead plaintiff deadline, in the securities class action commenced by the Firm.
SO WHAT: If you purchased 17EdTech securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.
WHAT TO DO NEXT: To join the 17EdTech class action, go to https://rosenlegal.com/submit-form/?case_id=7395 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than September 19, 2022. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.
WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources or any meaningful peer recognition. Many of these firms do not actually handle securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs' Bar. Many of the firm's attorneys have been recognized by Lawdragon and Super Lawyers.
DETAILS OF THE CASE: According to the lawsuit, the IPO Registration Statement featured false and/or misleading statements and/or failed to disclose that: (1) Defendant 17EdTech's K-12 Academic AST Services would end less than a year after the IPO; (2) as part of its ongoing regulatory efforts, Chinese authorities would imminently curtail and/or end 17EdTech's core business; and (3) as a result, Defendants' statements about the Company's business, operations, and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.
To join the 17EdTech class action, go to https://rosenlegal.com/submit-form/?case_id=7395 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action.
No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor's ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.
Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.
Attorney Advertising. Prior results do not guarantee a similar outcome.
Contact Information:
Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, P.A.
275 Madison Avenue, 40th Floor
New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
lrosen@rosenlegal.com
pkim@rosenlegal.com
cases@rosenlegal.com
www.rosenlegal.com
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SOURCE Rosen Law Firm, P.A. | https://www.whsv.com/prnewswire/2022/08/24/yq-notice-rosen-trusted-leading-law-firm-encourages-17-education-amp-technology-group-inc-investors-secure-counsel-before-important-deadline-securities-class-action-filed-by-firm-yq/ | 2022-08-24T21:42:45Z |
US says airstrikes in Syria intended to send message to Iran
WASHINGTON (AP) — U.S. military airstrikes in eastern Syria were a message to Iran and Tehran-backed militias that targeted American troops this month and several other times over the past year, the Pentagon said Wednesday.
Colin Kahl, the undersecretary of defense for policy, told reporters that the U.S. airstrikes overnight on facilities used by militias backed by Iran’s paramilitary Revolutionary Guard demonstrated that “the United States will not hesitate to defend itself against Iranian and Iran-backed aggression when it occurs.”
He said the U.S. decision to launch the strikes was based on both the nature of the militia attacks on Aug. 15 at the al-Tanf Garrison, where U.S. troops are based in the south, and the fact that, based on recovered drone parts, “we believe we have Iran dead to rights on attribution.”
The opposition war monitor the Syrian Observatory for Human Rights and activist collective Deir Ezzor 24 said the airstrikes targeted the Ayash Camp run by the Fatimiyoun group made up of Shiite fighters from Afghanistan. The war monitor reported that at least six Syrian and foreign militants were killed in the airstrikes, while Deir Ezzor 24 reported 10 deaths.
Deir Ez-Zor is a strategic province that borders Iraq and contains oil fields. Iran-backed militia groups and Syrian forces control the area and have often been the target of Israeli war planes in previous strikes.
In Iran, Foreign Ministry spokesman Nasser Kanaani issued a statement condemning the American strike “against the people and infrastructure of Syria.” He denied Iran had any link to those targeted.
Iran routinely denies arming militia groups that target U.S. forces in the region, despite weaponry linking back to them.
Kahl said the U.S. strikes underscore that while the U.S. continues to pursue negotiations with Iran to resume its compliance with the 2015 nuclear deal, those talks are not connected at all to America’s willingness to take against when attacked.
“The threats that they engage in against our people in the region or elsewhere, are not linked to wherever we end up on the nuclear deal,” said Kahl. “It actually has nothing to do with our willingness and resolve to defend ourselves. And I think the strike last night was a pretty clear communication to the Iranians that these things are are all on different tracks.”
The U.S. military’s Central Command said the strikes “took proportionate, deliberate action intended to limit the risk of escalation and minimize the risk of casualties.” It did not identify the targets or offer any casualty figures from the strikes, which the military said came at the orders of President Joe Biden.
“Today’s strikes were necessary to protect and defend U.S. personnel,” Central Command spokesman Col. Joe Buccino said in a statement.
Kahl said the coordinated attack on two U.S. facilities at al-Tanf at the same time this month fueled concerns that “Iran intends to do more of this and we wanted to disabuse them of any sense that that was a good idea.”
He said the U.S. initially identified 11 bunker targets at the site and ended up striking nine because there was evidence there may be people near two of the locations and the goal was not to cause casualties.
The U.S. Treasury said the Fatimiyoun group has fought numerous battles in Syria, and is led by Iran’s elite Quds Force of the Revolutionary Guard.
“The Ayash warehouse is a very important one for Iran’s militias,” Deir Ezzor 24 CEO Omar Abu Layla told The Associated Press. “We expect that Iran will respond, either in al-Tanf or possibly in Iraq.”
In the Aug. 15 attack, drones allegedly launched by Iranian-backed militias targeted the al-Tanf Garrison used by American forces. Central Command described the assault as causing “zero casualties and no damage” at the time.
There was no immediate acknowledgment by Syria’s state-run media of the strikes hitting Deir Ez-Zor.
U.S. forces entered Syria in 2015, backing allied forces in their fight against the Islamic State group.
Copyright 2022 The Associated Press. All rights reserved. | https://www.whsv.com/2022/08/24/us-says-airstrikes-syria-intended-send-message-iran/ | 2022-08-24T21:52:43Z |
Woman arrested in deadly hit-and-run involving officer had history of reckless driving
LOUISVILLE, Ky. (WAVE/Gray News) - Police in Louisville have arrested a woman they say fled the scene of a deadly crash that killed an off-duty officer earlier this week.
The Louisville Metro Police Department reports that 28-year-old Ashleyn Catlett is facing felony charges for leaving the scene of an accident and failing to render aid. Catlett has also been charged for not having a driver’s license and failure to maintain insurance.
According to court documents, Catlett attempted to make a left turn and struck a motorcycle driven by 50-year-old Thomas Elmore, a member of the Shelbyville Police Department. Elmore was thrown from his motorcycle and died.
Authorities said Catlett ran from the scene following the crash and went to a friend’s nearby house asking for help. The 28-year-old left her purse and identification behind in the vehicle.
WAVE reports Catlett has been previously arrested on charges that included fourth-degree assault and reckless driving.
Catlett is currently being held at Louisville Metro Department Corrections on a $50,000 bond.
Copyright 2022 WAVE via Gray Media Group, Inc. All rights reserved. | https://www.whsv.com/2022/08/24/woman-arrested-deadly-hit-and-run-involving-officer-had-history-reckless-driving/ | 2022-08-24T21:52:44Z |
Actress Katherine Heigl launches dog food line
(CNN) – You probably recognize her from TV shows and movies, but Katherine Heigl is also a dog lover.
Now, the “27 Dresses” actress has her own dog food brand, Badlands Ranch, named after her family ranch in Utah.
Heigl partnered with an animal nutritionist to develop the line, saying it’s a more holistic approach to dog food, even using things like chia seeds, flax seeds and Lion’s Mane mushrooms.
For now, Badlands Ranch is offering just air-dried food and single-ingredient treats, but Heigl hopes to eventually add more options like supplements.
The mom of 12 (three kids, nine “fur babies”) says money from the dog food sales will go to battling animal overpopulation. That includes everything from spay and neuter programs to transporting animals out of high-kill shelters and providing medical care for animals that need it.
Copyright 2022 CNN Newsource. All rights reserved. | https://www.wvva.com/2022/08/24/actress-katherine-heigl-launches-dog-food-line/ | 2022-08-24T22:15:32Z |
Graham-Beaver game gets exclusive coin minted.
Published: Aug. 24, 2022 at 5:01 PM EDT|Updated: 1 hour ago
BLUEFIELD, W.Va. (WVVA) -
Another coin has been minted to commemorate this year’s Graham-Beaver game.
It was made by Duane Aldwell -- a local nickel artist.
His creation will be used for the coin toss at the start of Friday’s game.
This year, the school is also raffling off the coin, so you too can own a piece of Bluefield history.
Tickets are one dollar each, and the drawing will be during the third quarter.
All proceeds go toward the athletic programs.
Copyright 2022 WVVA. All rights reserved. | https://www.wvva.com/2022/08/24/graham-beaver-game-gets-exclusive-coin-minted/ | 2022-08-24T22:15:38Z |
Greenbrier County man left homeless after recent floods
BECKLEY, W.Va. (WVVA) - The flood waters may have receded from Ted Shafran’s land, but now an invisible threat is taking his home.
“It’s been nine days...Nobody has reached out yet. I know it’s not going to happen overnight. I know it’s a long process, but I have nowhere to go.”
On August 15, Shafran’s home in Smoot, where he lived with his daughter, Rosie, and five-year-old granddaughter, Maddy, was ravaged by flood waters. Now, he says black mold has taken root, and the foundation is crumbling, rendering it unlivable.
“This house is my home,” he said. “This house is Maddy’s home. This house is Rosie’s home, and all I need and want and wish is something. I need a home. I need a place to go be safe.”
For a time, Shafran lived in his garage, unwilling to leave the land he shared with his late wife. But even that has proven impossible. The garage was also affected by the flooding and is now too damp to stay in.
“This was my home and her home. Now I don’t have either, and it hurts. It hurts bad,” Shafran explained, a tear in his eye.
He says he has reached out to several local and state leaders, including Governor Jim Justice, but has received no aid. Those in his community and church, First Baptist Church of Quinwood, have stepped up to find a solution. They are working to place a mobile home or trailer on Shafran’s land.
Shafran, however, says he needs powerful people to get the ball rolling as his home will soon have to be demolished.
“I can’t express it enough. Lord give me the power to say what I gotta say. Help. It’s a small world, but I need help. I need a place to live. I need a home.”
Copyright 2022 WVVA. All rights reserved. | https://www.wvva.com/2022/08/24/greenbrier-county-man-left-homeless-after-recent-floods/ | 2022-08-24T22:15:45Z |
Inaugural golf tournament held in support of Bluefield-Graham Athletics
Published: Aug. 24, 2022 at 5:14 PM EDT|Updated: 1 hour ago
BLUEFIELD, Va. (WVVA) -
The inaugural Captain’s Choice Golf Tournament was held at the Fincastle Country Club today, pitting teams of four against each other.
Acting as a fundraiser, teams signed up to represent either Graham or Bluefield High in an 18 hole course.
The total score counted across all teams determined the winner.
The 18-hole course will culminate in the presentation of a check for both the schools.
The team that ends up on top will bring a trophy home to the school to be displayed for the year.
Copyright 2022 WVVA. All rights reserved. | https://www.wvva.com/2022/08/24/inaugural-golf-tournament-held-support-bluefield-graham-athletics/ | 2022-08-24T22:15:51Z |
Pop-up showers/storms more become more likely into late week
A frontal system approaches us by Friday
High pressure will be in control for a little while longer, keeping fair weather around into tonight. Low temps should fall into the upper 50s and low 60s. We’ll see passing clouds and areas of fog overnight. A stray shower could pop up before sundown, but most will stay rain-free as the surface air in place right now is still on the dry side.
The humidity will gradually start to rise through Thursday, and though we still look relatively dry, we could see a pop-up shower/storm somewhere before the day is over. Otherwise, we’ll just see a bit more cloud cover at times on Thursday, and highs should be seasonable, in the upper 70s-mid 80s. We’ll see partly cloudy skies Thursday night, with low temps in the 50s and 60s.
Friday should bring muggier weather, a mix of sun and clouds, and highs again just on either side of the 80-degree mark. As a frontal system moves in from the northwest, we’ll grow a bit more unsettled. Afternoon pop-up showers and storms will be a bit more likely Friday afternoon/evening. While widespread severe weather nor flooding is expected, a few heavier downpours and an isolated stronger storm or two will can’t be ruled out.
The front will continue moving through on Saturday, bringing a few more hit-or-miss showers/storms on occasion to start the weekend...but again, it won’t be a wash-out. Temps should stay around average over the next several days, but we could have a bit of a cool-down by the start of September next week...
STAY TUNED!
BLUEFIELD, W.Va. (WVVA) -
Copyright 2022 WVVA. All rights reserved. | https://www.wvva.com/2022/08/24/pop-up-showersstorms-more-become-more-likely-into-late-week/ | 2022-08-24T22:15:57Z |
Study: Pfizer COVID pill showed no benefit in younger adults
WASHINGTON (AP) — Pfizer’s COVID-19 pill appears to provide little or no benefit for younger adults, while still reducing the risk of hospitalization and death for high-risk seniors, according to a large study published Wednesday.
The results from a 109,000-patient Israeli study are likely to renew questions about the U.S. government’s use of Paxlovid, which has become the go-to treatment for COVID-19 due to its at-home convenience. The Biden administration has spent more than $10 billion purchasing the drug and making it available at thousands of pharmacies through its test-and-treat initiative.
The researchers found that Paxlovid reduced hospitalizations among people 65 and older by roughly 75% when given shortly after infection. That’s consistent with earlier results used to authorize the drug in the U.S. and other nations.
But people between the ages of 40 and 65 saw no measurable benefit, according to the analysis of medical records.
The study has limitations due to its design, which compiled data from a large Israeli health system rather than enrolling patients in a randomized study with a control group — the gold-standard for medical research.
The findings reflect the changing nature of the pandemic, in which the vast majority of people already have some protection against the virus due to vaccination or prior infection. For younger adults, in particular, that greatly reduces their risks of severe COVID-19 complications. The Centers for Disease Control and Prevention recently estimated that 95% of Americans 16 and older have acquired some level of immunity against the virus.
“Paxlovid will remain important for people at the highest risk of severe COVID-19, such as seniors and those with compromised immune systems,” said Dr. David Boulware, a University of Minnesota researcher and physician, who was not involved in the study. “But for the vast majority of Americans who are now eligible, this really doesn’t have a lot of benefit.”
A spokesman for Pfizer declined to comment on the results, which were published in the New England Journal of Medicine.
The U.S. Food and Drug Administration authorized Paxlovid late last year for adults and children 12 and older who are considered high risk due to conditions like obesity, diabetes and heart disease. More than 42% of U.S. adults are considered obese, representing 138 million Americans, according to the CDC.
At the time of the FDA decision there were no options for treating COVID-19 at home, and Paxlovid was considered critical to curbing hospitalizations and deaths during the pandemic’s second winter surge. The drug’s results were also far stronger than a competing pill from Merck.
The FDA made its decision based on a Pfizer study in high-risk patients who hadn’t been vaccinated or treated for prior COVID-19 infection.
“Those people do exist but they’re relatively rare because most people now have either gotten vaccinated or they’ve gotten infected,” Boulware said.
Pfizer reported earlier this summer that a separate study of Paxlovid in healthy adults — vaccinated and unvaccinated — failed to show a significant benefit. Those results have not yet been published in a medical journal.
More than 3.9 million prescriptions for Paxlovid have been filled since the drug was authorized, according to federal records. A treatment course is three pills twice a day for five days.
A White House spokesman on Wednesday pointed to several recent papers suggesting Paxlovid helps reduce hospitalizations among people 50 and older. The studies have not been published in peer-reviewed journals.
“Risk for severe outcomes from COVID is along a gradient, and the growing body of evidence is showing that individuals between the ages of 50 and 64 can also benefit from Paxlovid,” Kevin Munoz said in an emailed statement.
Administration officials have been working for months to increase use of Paxlovid, opening thousands of sites where patients who test positive can fill a prescription. Last month, U.S. officials further expanded access by allowing pharmacists to prescribe the drug.
The White House recently signaled that it may soon stop purchasing COVID-19 vaccines, drugs and tests, shifting responsibility to the private insurance market. Under that scenario, insurers could set new criteria for when they would pay for patients to receive Paxlovid.
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Follow Matthew Perrone on Twitter: @AP_FDAwriter
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The Associated Press Health and Science Department receives support from the Howard Hughes Medical Institute’s Department of Science Education. The AP is solely responsible for all content.
Copyright 2022 The Associated Press. All rights reserved. | https://www.wvva.com/2022/08/24/study-pfizer-covid-pill-showed-no-benefit-younger-adults/ | 2022-08-24T22:16:04Z |
US says airstrikes in Syria intended to send message to Iran
WASHINGTON (AP) — U.S. military airstrikes in eastern Syria were a message to Iran and Tehran-backed militias that targeted American troops this month and several other times over the past year, the Pentagon said Wednesday.
Colin Kahl, the undersecretary of defense for policy, told reporters that the U.S. airstrikes overnight on facilities used by militias backed by Iran’s paramilitary Revolutionary Guard demonstrated that “the United States will not hesitate to defend itself against Iranian and Iran-backed aggression when it occurs.”
He said the U.S. decision to launch the strikes was based on both the nature of the militia attacks on Aug. 15 at the al-Tanf Garrison, where U.S. troops are based in the south, and the fact that, based on recovered drone parts, “we believe we have Iran dead to rights on attribution.”
The opposition war monitor the Syrian Observatory for Human Rights and activist collective Deir Ezzor 24 said the airstrikes targeted the Ayash Camp run by the Fatimiyoun group made up of Shiite fighters from Afghanistan. The war monitor reported that at least six Syrian and foreign militants were killed in the airstrikes, while Deir Ezzor 24 reported 10 deaths.
Deir Ez-Zor is a strategic province that borders Iraq and contains oil fields. Iran-backed militia groups and Syrian forces control the area and have often been the target of Israeli war planes in previous strikes.
In Iran, Foreign Ministry spokesman Nasser Kanaani issued a statement condemning the American strike “against the people and infrastructure of Syria.” He denied Iran had any link to those targeted.
Iran routinely denies arming militia groups that target U.S. forces in the region, despite weaponry linking back to them.
Kahl said the U.S. strikes underscore that while the U.S. continues to pursue negotiations with Iran to resume its compliance with the 2015 nuclear deal, those talks are not connected at all to America’s willingness to take against when attacked.
“The threats that they engage in against our people in the region or elsewhere, are not linked to wherever we end up on the nuclear deal,” said Kahl. “It actually has nothing to do with our willingness and resolve to defend ourselves. And I think the strike last night was a pretty clear communication to the Iranians that these things are are all on different tracks.”
The U.S. military’s Central Command said the strikes “took proportionate, deliberate action intended to limit the risk of escalation and minimize the risk of casualties.” It did not identify the targets or offer any casualty figures from the strikes, which the military said came at the orders of President Joe Biden.
“Today’s strikes were necessary to protect and defend U.S. personnel,” Central Command spokesman Col. Joe Buccino said in a statement.
Kahl said the coordinated attack on two U.S. facilities at al-Tanf at the same time this month fueled concerns that “Iran intends to do more of this and we wanted to disabuse them of any sense that that was a good idea.”
He said the U.S. initially identified 11 bunker targets at the site and ended up striking nine because there was evidence there may be people near two of the locations and the goal was not to cause casualties.
The U.S. Treasury said the Fatimiyoun group has fought numerous battles in Syria, and is led by Iran’s elite Quds Force of the Revolutionary Guard.
“The Ayash warehouse is a very important one for Iran’s militias,” Deir Ezzor 24 CEO Omar Abu Layla told The Associated Press. “We expect that Iran will respond, either in al-Tanf or possibly in Iraq.”
In the Aug. 15 attack, drones allegedly launched by Iranian-backed militias targeted the al-Tanf Garrison used by American forces. Central Command described the assault as causing “zero casualties and no damage” at the time.
There was no immediate acknowledgment by Syria’s state-run media of the strikes hitting Deir Ez-Zor.
U.S. forces entered Syria in 2015, backing allied forces in their fight against the Islamic State group.
Copyright 2022 The Associated Press. All rights reserved. | https://www.wvva.com/2022/08/24/us-says-airstrikes-syria-intended-send-message-iran/ | 2022-08-24T22:16:11Z |
Woman arrested in deadly hit-and-run involving officer had history of reckless driving
LOUISVILLE, Ky. (WAVE/Gray News) - Police in Louisville have arrested a woman they say fled the scene of a deadly crash that killed an off-duty officer earlier this week.
The Louisville Metro Police Department reports that 28-year-old Ashleyn Catlett is facing felony charges for leaving the scene of an accident and failing to render aid. Catlett has also been charged for not having a driver’s license and failure to maintain insurance.
According to court documents, Catlett attempted to make a left turn and struck a motorcycle driven by 50-year-old Thomas Elmore, a member of the Shelbyville Police Department. Elmore was thrown from his motorcycle and died.
Authorities said Catlett ran from the scene following the crash and went to a friend’s nearby house asking for help. The 28-year-old left her purse and identification behind in the vehicle.
WAVE reports Catlett has been previously arrested on charges that included fourth-degree assault and reckless driving.
Catlett is currently being held at Louisville Metro Department Corrections on a $50,000 bond.
Copyright 2022 WAVE via Gray Media Group, Inc. All rights reserved. | https://www.wvva.com/2022/08/24/woman-arrested-deadly-hit-and-run-involving-officer-had-history-reckless-driving/ | 2022-08-24T22:16:17Z |
Police at the Minneapolis-St. Paul International Airport say they've found the family of an infant girl who turned up with a woman at one of the airport's light rail stations.
Authorities said the girl, believed to be about 10 months old, was found about 9 p.m. Sunday with a woman at the airport. Police said they believe the pair arrived via a Blue Line light rail train. Police described the woman as "a person in crisis" but did not offer any further details.
"Investigators do not believe that the woman is a relative or guardian of the child," said a crime alert from the Minnesota Bureau of Criminal Apprehension.
The woman apparently did not offer any information, either about the child's family or identity. Police said they didn't have any reports of missing or abducted children that matched the girl's description.
But a Tuesday night alert from airport police and the BCA, which included pictures of the child wrapped in a blanket and held by an unidentified adult, apparently helped. Authorities reported early Wednesday the girl had been identified, and her mother located safe.
"Thanks to all who shared the alert and provided info that helped investigators identify the child and locate her relatives," the BCA reported.
This piece originally appeared on MPRnews.org.
Copyright 2022 MPR News | https://www.wyomingpublicmedia.org/2022-08-24/a-baby-is-reunited-with-her-family-after-she-was-found-with-a-woman-at-an-airport | 2022-08-24T22:38:40Z |
Lander and South Pass City are officially ‘gateway’ communities along the Continental Divide Trail (CDT) as of Wednesday, August 24, and the hope is the designation will bring more business and tourism to the towns.
Each year, a few hundred people attempt to hike the entire Continental Divide Trail, which spans 3,100 miles between Canada and Mexico. About 500 miles of it goes through Wyoming.
The CDT Coalition, which helps oversee the trail and provides information for hikers, recognizes 20 towns and cities along the route as ‘gateway communities.’ Those towns, which now include Lander and South Pass City, are advertised to hikers as places to stop along the way.
“It's going to provide business for local businesses,” Helen Wilson, who helped apply for the designation, said, “whether people are choosing to go and stay in a hotel and shower there or resupply at a grocery store, or just spend a couple of days taking a break from the trail and being in the town.”
Wilson said it is less about the trail, and more about the communities.
“The trail isn't changing – the trail is how it has been for many, many years, and this is just a way of bringing recognition to the communities that can help these travelers as they're moving through the area,” she said.
Wilson added that travelers could include everything from people hiking the entire trail to people hiking sections of the trail over a few days.
Lander and South Pass City join three other Wyoming towns that have the ‘gateway community’ status – Pinedale, Rawlins and Encampment.
“People can have choices about where to stop and what in-town experiences they want to have,” Wilson said.
Fremont County, which includes Lander and South Pass City, saw almost $300,000 more in lodging tax revenue for the 2021/2022 fiscal year, compared to last, indicating higher tourism numbers for the area. | https://www.wyomingpublicmedia.org/natural-resources-energy/2022-08-24/two-wyoming-communities-hope-to-see-increased-tourism-following-national-recognition | 2022-08-24T22:38:46Z |
The Wyoming Secretary of State’s office said the primary election was one of the most successful elections in Wyoming’s history.
During the state’s election certification, Secretary of State Ed Buchanan and the elections director, Kai Schon, said the state’s elections are fair and secure. Schon said there were a couple of hiccups like a power outage and a flood at election poll sites, but all were taken care of immediately and did not cause major problems.
Schon said there was only one machine out of 302 that had a jam.
“So that means 99.7 percent of our machines had zero issues, and 100 percent of them by the end of the day were fully functional and tabulated every ballot,” said Schon. “These issues and how they were remedied are direct proof of the integrity of our county clerks in the election.”
Schon said the statewide audit showed that the primary results were 100 percent accurate.
“It really should drive home the point, and I don't want to sound like a broken record up here, even further that our machines are accurate and really they ought to be trusted,” Schon said.
Yet, Wyomingites are skeptical. Chuck Gray won the primary for the Secretary of State on a campaign that called into doubt the integrity of the 2020 Presidential election results and Wyoming’s use of drop boxes. At this point, Gray is running uncontested in the general elections, but there has been a push to add an independent challenger on the ballot. | https://www.wyomingpublicmedia.org/politics-government/2022-08-24/primary-election-results-certified-and-deemed-one-of-the-most-successful-elections-in-state-history | 2022-08-24T22:38:53Z |
The Campbell County Fire Department has experienced problems over the last several years in filling part-time firefighter positions, even as the number of calls for assistance rises each year. It’s part of a broader trend that’s affecting departments across the country.
“Right now, we’re kind of slow, [and] we’ve been seeing that trend for the last several years,” said Campbell County Fire Department Division Chief Dale Izatt. “I believe we’ve only given out between 15 and 20 applications this year so far, and of those, none have come back to the department yet.”
There are currently 32 full-time firefighters and 56 part-time ones covering the nearly 5,000 square miles of the county. Izatt added that Campbell County is one of the few in the state that pays part-time firefighters as many counties rely on volunteers. He added that there are about 30 rural members, who live outside of Gillette or away from full-time fire stations. This doesn’t include an additional 35 to 40 structurally certified members.
“There's a lot of things that come into play, we believe, but it's just kind of hard to tell why you know why we are getting fewer and fewer people each year,” he added. “It’s probably been going on for the last four to five years and it kind of seems like there will be a year where we’ll hand out 50 or 60 applications and then we’ll get 20 back, and then out of those 20, we go through background checks, stuff like that. Last year, we ended up with four individuals in our academy.”
The training process takes approximately six months to complete and consists of attending a training academy one night a week and a few weekends during that time. The state also sets criteria for volunteer and part-time firefighters, in which they must attend a certain number of meetings and training events. These also overlap with some of the department’s requirements.
Even though the county pays its part-time firefighters, Izatt said the pay isn’t anything significant but can supplement their paycheck each month in addition to the pay of their full-time job.
There are also some other benefits that part-time firefighters can make, such as a retirement plan Despite the shortage, the number of calls continues to increase each year. Izatt said that this equates to approximately 100 to 150 additional calls each year. Ideally, they would like to have 10 part-time firefighters for each of the county’s 10 structural stations. They struggle with attracting from some areas of the county specifically.
“[In] Rozet, we struggle out there to get people to apply and join the department,” he said. "Nicholson Little Farms, Sleepy Hollow, Freedom Hills--those are some of the stations that right now are struggling to get membership. We only have two and sometimes three people at those stations right now.”
Izatt said those who are interested in possibly becoming a part-time firefighter are encouraged to apply and that they’re consistently in need of manpower. | https://www.wyomingpublicmedia.org/politics-government/2022-08-24/the-campbell-county-fire-department-is-struggling-to-fill-part-time-firefighter-positions | 2022-08-24T22:38:59Z |
WASHINGTON — Five more busloads of migrants who crossed the border from Mexico into Texas reached New York City on Wednesday as Gov. Greg Abbott escalated his feud with the city’s mayor with a victory lap op-ed in the New York Post.
The latest group of buses is the biggest to reach the East Coast city in one day since Abbott began the policy in early August, according to Fox News. In the biting op-ed, the governor accused New York City Mayor Eric Adams of hypocrisy when it comes to his border policies.
“Adams talked the talk about being a sanctuary city — welcoming illegal immigrants into the Big Apple with warm hospitality,” Abbott wrote. “Talk is cheap. When pressed into fulfilling such ill-considered policies, he wants to condemn anyone who is pressing him to walk the walk.”
The New York arrivals are an expansion of Abbott’s plan to bus migrants voluntarily to Washington, D.C., in April — an effort that was initially designed to antagonize President Joe Biden as Abbott criticized him over border security. But in recent months, Abbott has gleefully stoked new feuds with the Democratic mayors in Washington and New York as they’ve complained about the impact of migrants in their cities.
"Mayor Adams is a hypocrite," Abbott's campaign Press Secretary Renae Eze said in a statement to The Texas Tribune. "He represents a self-declared sanctuary city, yet he’s complaining about a few hundred migrants being bused into his city. If the mayor wants a solution to this humanitarian crisis, he should stop complaining and call on President Biden to take immediate action to secure the border."
Bringing the dispute to the pages of one of the city’s newspapers, Abbott admonished Adams for seeking federal help with the influx of migrants. Adams’ press secretary, Fabien Levy, has said on Twitter the city will continue to welcome asylum-seekers with “open arms” but admitted the city still needs support from Washington.
But as Abbott ratchets up his confrontation with the largest city in the U.S., questions have surfaced about the long-term effects of the governor’s busing policies.
Data from Syracuse University suggests that the movement from Texas to New York City may be opening an easier pathway to asylum for the migrants, helping them stay in the country longer. New York courts have approved just over 70% of asylum relief or other relief applications since 2001. Houston has denied nearly 88% of asylum-seekers. Dallas has denied over 72% of such applications.
Abbott's office did not respond to a question about whether his policy was increasing the odds migrants could stay longer in the country.
Some Republicans have observed the busing as a messaging stunt rather than an effective policy solution to the state’s border dilemmas. U.S. Rep. Dan Crenshaw, R-Houston, told CNN on Sunday that Abbott is “sending a message.”
“This isn’t a policy move,” Crenshaw told CNN’s Jake Tapper. “This is a move of desperation to get someone to pay attention to what we’re dealing with in Texas.”
While Crenshaw characterized the policy as an earnest attempt to draw attention to the Texas-Mexico border, others argued the move was a campaign tactic to keep Abbott’s name in the news in the middle of a competitive general election showdown.
Brandon Rottinghaus, a political scientist at the University of Houston, said the feud with New York makes Abbott a national name in the middle of his campaign against Democrat Beto O’Rourke and ahead of a possible presidential bid in 2024.
“Whether he runs for president or not is beside the point,” Rottinghaus said. “He’s national headline news, and that gets the attention of Republican donors and conservative activists around the country.”
But the tactic carries risk for Abbott. Rottinghaus warned that the governor may come off as insensitive in dealing with border issues, making it more difficult to court Latino voters.
“It’s such an unprecedented move, so it rallies Democrats in Texas and the rest of the nation to give, participate and vote,” Rottinghaus said. “This boosts Democrats in a normally sleepy midterm election and spikes donations for O’Rourke, who will need a massive war chest to be competitive in November.” | https://www.keranews.org/news/2022-08-24/gov-abbott-sends-five-more-buses-of-migrants-to-new-york-escalating-feud-with-mayor-eric-adams | 2022-08-24T22:54:23Z |
Stephen Neukam | The Texas Tribune
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The policy is an expansion of the governor’s plan to antagonize President Joe Biden over border security by busing migrants entering Texas to Washington, D.C., but research suggests the policy could allow more migrants to stay in the country even longer. | https://www.keranews.org/stephen-neukam-the-texas-tribune | 2022-08-24T22:54:29Z |
Texas becomes the most populous state in the country this week with laws on the books virtually banning abortions through the threat of felony prosecutions for doctors who perform the procedure.
Texas’ so-called “trigger law” becomes official policy Thursday, giving the anti-abortion movement and Republican lawmakers a long-sought victory made possible by the U.S. Supreme Court’s June ruling overturning 1973’s Roe V. Wade decision. The ruling returned the question of access to abortion to the states.
Current Texas laws already make getting a legal abortion close to impossible. They include 2021’s Senate Bill 8 — which bans the procedure after about six weeks of pregnancy — and a 1925 law that opens abortion providers up to civil penalties and lawsuits which was resurrected by the Texas Supreme Court last month.
The Texas trigger law, House Bill 1280, was passed in 2021 and designed to go into effect 30 days after a U.S. Supreme Court final judgement “overruling, wholly or partly, Roe v. Wade.” Abortion-rights advocates and legal experts said it is the final step in making access to abortion impossible in Texas except under the rarest of circumstances.
“The trigger law is basically a complete abortion ban,” Joanna Grossman, the Ellen K. Solender Endowed Chair in Women and the Law and professor of law at Southern Methodist University, told The Texas Newsroom. “SB 8 has effectively ended abortions after the sixth week of gestation, but [House bill] 1280 has no gestational age. So, there’s no point in pregnancy at which abortion is legal.”
The law makes it a second-degree felony “for a person who knowingly performs, induces, or attempts an abortion” according to the bill analysis. The penalty increases to a first-degree infraction “if the unborn child dies as a result of the offense.”
There is no exception for rape or incest and the only exception is if the pregnancy or the birth is going to threaten the life of the person who’s pregnant or cause a major bodily harm.
Proving that an abortion was performed in that limited scope, Grossman added, will be a challenge.
“I think what you can expect to change [Thursday] is that even the emergency room care is going to become more treacherous for providers and more dangerous for patients, while providers figure out what they can and can't do or what risk they are subjecting themselves to by providing emergency abortion care,” she said. “It’s up to the providers to figure out — to sort of guess — is a prosecutor going to disagree with me if I decide this is a qualifying emergency and I provide abortion care?”
Texas is one of more than a dozen states that had trigger laws in place to further restrict abortion in the aftermath of a Roe v. Wade reversal.
Marc Herreon, the senior counsel at the Center for Reproductive Rights and the lead attorney in a lawsuit against Texas’ SB 8, said the trigger law adds additional complexity in a state already flooded with so many different laws and rulings around abortion access.
“The trigger ban going into effect this week increases the penalties for a doctor who provides an abortion to 5-99 years imprisonment, plus wide-reaching and enormous civil penalties,” he said in an email. “This will only increase the legal chaos in the state and confusion for those in need of an abortion who now face ever-shifting laws and restrictions.”
Soon after the U.S. Supreme Court decision, the Biden administration issued guidance on abortion stating doctors who provide the procedure in emergency situations are protected by federal law. The U.S. Department of Health and Human Services said the Emergency Medical Treatment and Active Labor Act protects abortion providers when they offer “legally mandated, life- or health-saving abortion services in emergency situations.”
But late Tuesday a federal judge in Lubbock sided with Texas Attorney General Ken Paxton’s challenge to that guidance and struck it down for Texas.
Even before Texas’ trigger law went into effect, some providers already decided staying in Texas wasn’t worth the risk. Whole Woman’s Health, which operated four clinics that provided abortions in Texas, announced in early July plans to move its operations to New Mexico. The group launched a fundraiser to facilitate its move to The Land of Enchantment.
Last week on its GoFundMe page, WWH wrote it had only raised a third of the funds needed to relocate.
“It has been a tough month of winding down our clinics in Texas after 20 years of service to our communities,” the organization posted. “We have seen donations come from our local communities and as far away as Eastern Europe and beyond. We have two clinics packed up and still have two to go. This work is grueling - emotionally, physically and spiritually.”
Abortion laws and the November election
The Texas law hasn’t won approval from the majority of registered voters in the state. About half said they oppose the restrictions in the trigger law, according to the results of a poll released last month by the Hobby School of Public Affairs at the University of Houston.
The U.S. Supreme Court ruling has also given a much-needed boost to Democrats as they enter a challenging midterm contest this November in an election year that’s been dominated by issues that also include the economy, border security and election integrity.
In Texas, Democrats have also seized on the abortion issue. That includes Beto O’Rourke, the Democratic nominee for governor who’s looking to unseat two-term incumbent Greg Abbott.
O’Rourke is scheduled to hold a news conference Thursday in Houston to “hold Greg Abbott accountable for enacting an extreme law that bans abortion beginning at conception with no exception for rape or incest,” his campaign said.
In June, Abbott celebrated the U.S. Supreme Court ruling on Roe v. Wade and championed Senate Bill 8 at the Texas Legislature.
“The U.S. Supreme Court correctly overturned Roe v. Wade and reinstated the right of states to protect innocent, unborn children,” Abbott said in a statement released June 24. “Texas is a pro-life state, and we have taken significant action to protect the sanctity of life.”
KERA News is made possible through the generosity of our members. If you find this reporting valuable, consider making a tax-deductible gift today. Thank you.
Got a tip? Email Julián Aguilar at jaguilar@kera.org.You can follow Julián on Twitter @nachoaguilar. | https://www.keranews.org/texas-news/2022-08-24/texas-republicans-long-sought-trigger-law-on-abortion-takes-effect-thursday | 2022-08-24T22:54:35Z |
20-Yard Dash: Pendleton County
HARRISONBURG, Va. (WHSV) - Pendleton County is looking to rebound from its first losing season since 2017.
The Wildcats posted a 2-6 overall mark last fall after winning at least eight games each season from 2018-2020. Head coach Zac Smith enters his sixth season at the helm and he says the 2022 squad features talent at the skill positions, led by sophomore quarterback James Vincell.
“Early on we have really been throwing the ball well,” said Smith. “We’re just kind of taking what the defense gives us....with that being said, we are not going to be afraid to line up and play some smash mouth football and run the ball.”
Pendleton County has seen a growth in roster size with nearly 30 players on the team this fall. Returners say they are motivated by last season’s struggles, which included multiple blowout losses.
“You know, when you get the taste of winning and then you have a bad season like last season, I don’t like to lose at all,” said Pendleton County senior WR/DB Clayton Kisamore. “I hate losing more than I love to win. So it really motivates you to turn things around.”
Pendleton County - 2022 Schedule
September 2 - vs. James Monroe
September 9 - at Petersburg
September 16 - at Grafton
September 23 - at Southern Garrett (MD)
September 30 - vs. Tucker County
October 6 - at Tygarts Valley
October 13 - vs. Pocahontas County
October 21 - at East Hardy
October 28 - vs. Moorefield
November 4 - vs. Cameron
Copyright 2022 WHSV. All rights reserved. | https://www.whsv.com/2022/08/24/20-yard-dash-pendleton-county/ | 2022-08-24T23:21:07Z |
4 injured in drive-by shooting near Chicago high school
Published: Aug. 24, 2022 at 6:55 PM EDT|Updated: 25 minutes ago
CHICAGO (AP) — Authorities say three juveniles and one adult have been shot near a high school on Chicago’s Northwest Side.
Police say the victims between the ages of 15 and 18 were wounded on Wednesday afternoon outside an ice cream shop near Carl Schurz High School.
The police department says one 15-year-old is in critical condition, while the others are in good condition.
Chicago Public Schools issued a statement saying a shooting occurred just before a high school’s dismissal bell, but would not confirm the school name.
The school went on a lockdown while police responded.
That lockdown has since been lifted.
Copyright 2022 The Associated Press. All rights reserved. | https://www.whsv.com/2022/08/24/4-injured-drive-by-shooting-near-chicago-high-school/ | 2022-08-24T23:21:14Z |
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