All of the strikes at European airports this winter – find out if you are affectedq ace。
Stock market today: Wall Street rises at the start of a holiday-shortened week
SANTA CLARA, Calif. — At this point the past two seasons, the San Francisco 49ers were fighting for playoff positioning rather than their playoff lives. After snapping a three-game losing streak with a lopsided win last week against Chicago, the Niners head into a Thursday night division showdown against the Los Angeles Rams hoping to play with the same kind of desperation in a game they almost certainly need to win to get to the postseason. "I think just across the board as a team, everybody had just a bit more of sense of urgency and I think we executed and played together as a team, and we didn't let off," quarterback Brock Purdy said. "Really liked that. But, that was last week so now it's on to this week and how can we do that again?" After getting outscored by 53 points in losses at Green Bay and Buffalo, the 49ers (6-7) played their most complete game of the season to keep their playoff hopes alive. People are also reading... While some credited a feeling of desperation or speeches from players such as Purdy and Deommodore Lenoir for the turnaround, linebacker Fred Warner said it was more about execution than anything else. "We didn't go out there in Green Bay, we didn't go out there in Buffalo saying, 'Let's just hope that we win.' Trust me, I felt desperate as hell going into both those games," he said. "It just didn't work out. ... It didn't happen because last week we decided we wanted to. This was weeks in the making." Whatever the reason, the results were obvious to anyone watching, including the Rams (7-6), who had their own signature performance to boost their playoff chances. Los Angeles held off Buffalo 44-42 to remain one game behind Seattle in the NFC West race and a game ahead of the 49ers and Arizona in the tightly packed division. Coach Sean McVay knows his team will need a similar performance to beat San Francisco and earn a season sweep. "I saw they certainly had a very dominant performance," he said. "If there's anything that you do know, it's a week-to-week league. Humility is only a week away. They have excellent coaches, excellent personnel and really good schemes. No matter what's really happened in terms of the trajectory of the injuries, they're going to be ready to go." Puka power Puka Nacua is in dominant form with 33 catches for 458 yards and three TDs in the Rams' past four games, highlighted by a 162-yard performance last week against Buffalo in which he also scored his first rushing TD. Nacua was injured for these clubs' first meeting this season — but last year, he broke the NFL's single-game rookie receptions record with 15 in his first game against San Francisco, and he set the NFL rookie season records for catches and yards receiving during his visit to Santa Clara last January. "He's a tough football player," 49ers defensive coordinator Nick Sorensen said. "Some guys are just competitive. He's got size, he doesn't go down easy. Some things you can't measure and he's just got it." Deebo's struggles The least productive four-game stretch of Deebo Samuel's career sent the frustrated wide receiver for the San Francisco 49ers to social media. In a now-deleted post on X, formerly known as Twitter, Samuel said the reason he gained only 97 yards from scrimmage the past four games was not that he was struggling but that he wasn't getting the ball. His teammates and coaches believe he will get back to his All-Pro form soon. "I want to get Deebo the ball every play if I could," Purdy said. "I want to have him break all the records as best as possible. I want Deebo to do Deebo things." Defense declining The Rams defense got shredded twice in the past three weeks by Saquon Barkley's Eagles and Josh Allen's Bills, dropping the unit to 27th in total defense. LA's vaunted young pass rush led by rookie Jared Verse has no sacks in its past two games and just three in the past four games. Considering Purdy drove the Niners to 425 yards in the teams' first meeting this season without Christian McCaffrey, George Kittle or Samuel, the Rams' offense might need yet another prolific game to overcome its defense's weaknesses. Under pressure With Nick Bosa sidelined the past three games, the 49ers have had to generate pass rushes from different sources. They had a season-high seven sacks last week with Yetur Gross-Matos getting three and Leonard Floyd two. The 32-year-old Floyd has 5 1/2 sacks in his past four games. "Leonard's just an Energizer bunny," Shanahan said. "It's crazy with him being one of the older guys and stuff and how many different teams he's been to, but I've played against him enough and felt that." Bosa has a chance to return this week and is listed as questionable. AP Sports Writer Greg Beacham in Los Angeles contributed to this report Be the first to know Get local news delivered to your inbox!
WESTLAKE, Ohio--(BUSINESS WIRE)--Dec 11, 2024-- Nordson Corporation (Nasdaq: NDSN) today reported results for the fiscal fourth quarter ended October 31, 2024. Sales were $744 million, a 4% increase compared to the prior year’s fourth quarter sales of $719 million. The increase in fourth quarter 2024 sales included the favorable 6% impact of acquisitions and favorable currency translation of 1%, offset by an organic sales decrease of 3%. Net income was $122 million, or earnings per diluted share of $2.12, compared to prior year’s fourth quarter net income of $128 million, or earnings per diluted share of $2.22. Adjusted net income was $160 million, an increase from prior year adjusted net income of $156 million. Fourth quarter 2024 adjusted earnings per diluted share were $2.78 compared to prior year adjusted earnings per diluted share of $2.71. EBITDA in the fourth quarter was $241 million, or 32% of sales, an increase of 4% compared to prior year EBITDA of $227 million, also at 32% of sales. Commenting on the Company’s fiscal 2024 fourth quarter results, Nordson President and Chief Executive Officer Sundaram Nagarajan said, “I appreciate our team’s focus and commitment to our customers, which delivered results above our fourth quarter guidance expectations. Our Advanced Technology Solutions segment delivered year-over-year fourth quarter sales growth, as electronics demand continued to steadily improve at fiscal year-end. During the down electronics cycle, our ATS team holistically implemented the NBS Next growth framework, making them responsive to the needs of our customers while also delivering a strong incremental operating performance. Our industrial product lines performed well against record comparisons from prior year. I’m also pleased with the early integration of our Atrion Medical acquisition, which contributed positively to the quarter.” Industrial Precision Solutions sales of $392 million decreased 3% compared to the prior year fourth quarter, driven by a 5% organic sales decrease, a favorable acquisition impact of 1%, and a favorable currency impact of 1%. The organic sales decrease, following record organic sales in prior year fourth quarter, was driven by our industrial coatings, polymer processing and precision agriculture product lines, partially offset by double-digit growth in nonwovens product lines. Operating profit was $126 million in the quarter, or 32% of sales, a decrease of 4% compared to the prior year operating profit. The decrease in operating profit was driven by lower sales. EBITDA in the quarter was $143 million, or 37% of sales, a 3% decrease from the prior year fourth quarter EBITDA of $148 million, which also was 37% of sales. Medical and Fluid Solutions sales of $200 million increased 19% compared to the prior year fourth quarter, driven primarily by the acquisition of Atrion, which offset an organic sales decrease of 3% and a favorable currency impact of 1%. The organic sales decrease was driven by softness in medical interventional solutions product lines, partially offset by modest growth in our medical fluid components and fluid solutions product lines. Operating profit totaled $44 million in the quarter, or 22% of sales, a decrease of 8% compared to the prior year operating profit. EBITDA in the quarter was $72 million, or 36% of sales, an increase versus the prior year fourth quarter EBITDA of $62 million, or 37% of sales. Advanced Technology Solutions sales of $152 million increased 5% compared to the prior year fourth quarter, driven by an organic sales increase of 4% and a favorable currency impact of 1%. The organic sales increase was driven by double-digit growth in select test and inspection product lines and modest growth in our electronics processing product lines. Operating profit totaled $33 million in the quarter, or 22% of sales, an increase of 6% compared to the prior year operating profit due to higher sales and improved profit margins. EBITDA in the quarter was $41 million, or 27% of sales, an increase from the prior year fourth quarter EBITDA of $35 million, or 24% of sales. Sales for the fiscal year ended October 31, 2024, were a record $2.7 billion, an increase of 2% compared to the prior year. This sales growth was driven by a favorable acquisition impact of 5%, partially offset by a 3% decrease in organic volume. Net income was $467 million, or earnings per diluted share of $8.11, compared to prior year’s net income of $487 million, or earnings per diluted share of $8.46. Adjusted net income was $561 million, a decrease from prior year adjusted net income of $567 million. Adjusted earnings per diluted share were $9.73 compared to prior year adjusted earnings per diluted share of $9.85. EBITDA was $849 million, or 32% of sales, compared to prior year EBITDA of $819 million, or 31% of sales. Free cash flow for the full-year was $492 million, which was a conversion rate of 105% of net income. Reflecting on fiscal 2024, Mr. Nagarajan continued, “In 2021, we launched our Ascend strategy with the milestone of achieving $3 billion in annual sales and greater than 30% EBITDA margins by 2025. The strategy is delivering results and has ample runway to accelerate. Our diversified portfolio, built on our leadership in niche end markets with differentiated products, is delivering balanced results in the ever-changing macro environment. Our acquisition strategy is generating growth, and I am pleased with the integration and deployment of the NBS Next growth framework. We also continued to generate strong free cash flow in the year, allowing us to consistently reinvest in the business while returning cash to our shareholders.” Following four consecutive years of record-setting performance, we enter fiscal 2025 with approximately $580 million in backlog. Based on the combination of order entry, backlog, current exchange rates and anticipated end market expectations, we anticipate delivering sales in the range of $2,750 to $2,870 million in fiscal 2025. Full year fiscal 2025 adjusted earnings are forecasted in the range of $9.70 to $10.50 per diluted share. First quarter fiscal 2025 sales are forecasted in the range of $615 to $655 million with adjusted earnings in the range of $1.95 to $2.15 per diluted share. Commenting on fiscal 2025 guidance, Nagarajan said, “Considering the evolving global macro-environment, we are entering 2025 with a conservative viewpoint. The fiscal first quarter is seasonally Nordson’s weakest quarter due to the holiday and calendar year-end slowdowns and cautious customer spending. While we remain confident about the long-term growth drivers of our end markets, we are being prudent about our expectations for end market recovery timing, particularly for our electronics and agricultural product lines. Even in uncertain times, our team delivers operational excellence and strong cash flow due to our close-to-the-customer business model, diversified niche end markets, differentiated products and the NBS Next growth framework.” Nordson management will provide additional commentary on these results and outlook during its previously announced webcast on Thursday, December 12, 2024 at 8:30 a.m. eastern time, which can be accessed at . Information about Nordson’s investor relations and shareholder services is available from Lara Mahoney, vice president, investor relations and corporate communications at (440) 204-9985 or . Certain statements contained in this release are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by terminology such as “may,” “will,” “should,” “could,” “expects,” “anticipates,” “believes,” “projects,” “forecasts,” “outlook,” “guidance,” “continue,” “target,” or the negative of these terms or comparable terminology. These statements reflect management’s current expectations and involve a number of risks and uncertainties. These risks and uncertainties include, but are not limited to, U.S. and international economic conditions; financial and market conditions; currency exchange rates and devaluations; possible acquisitions, including the Company’s ability to successfully integrate acquisitions; the Company’s ability to successfully divest or dispose of businesses that are deemed not to fit with its strategic plan; the effects of changes in U.S. trade policy and trade agreements; the effects of changes in tax law; and the possible effects of events beyond our control, such as political unrest, including the conflict between Russia and Ukraine, acts of terror, natural disasters and pandemics, including the recent coronavirus (COVID-19) pandemic and the other factors discussed in Item 1A (Risk Factors) in the Company’s most recently filed Annual Report on Form 10-K and in its Forms 10-Q filed with the Securities and Exchange Commission, which should be reviewed carefully. The Company undertakes no obligation to update or revise any forward-looking statement in this press release. Nordson Corporation is an innovative precision technology company that leverages a scalable growth framework through an entrepreneurial, division-led organization to deliver top tier growth with leading margins and returns. The Company’s direct sales model and applications expertise serves global customers through a wide variety of critical applications. Its diverse end market exposure includes consumer non-durable, medical, electronics and industrial end markets. Founded in 1954 and headquartered in Westlake, Ohio, the Company has operations and support offices in over 35 countries. Visit Nordson on the web at , , or . NORDSON CORPORATION CONSOLIDATED STATEMENT OF INCOME (Unaudited) (Dollars in thousands except for per-share amounts) Three Months Ended Twelve Months Ended October 31, 2024 October 31, 2023 October 31, 2024 October 31, 2023 Sales $ 744,482 $ 719,313 $ 2,689,921 $ 2,628,632 Cost of sales 341,658 335,220 1,203,792 1,203,227 Gross profit 402,824 384,093 1,486,129 1,425,405 Gross margin % 54.1 % 53.4 % 55.2 % 54.2 % Selling & administrative expenses 223,932 199,054 812,128 752,644 Operating profit 178,892 185,039 674,001 672,761 Interest expense - net (27,282 ) (25,921 ) (84,011 ) (56,825 ) Other income (expense) - net (3,538 ) 1,462 (4,509 ) (597 ) Income before income taxes 148,072 160,580 585,481 615,339 Income taxes 25,904 32,802 118,197 127,846 Net Income $ 122,168 $ 127,778 $ 467,284 $ 487,493 Weighted-average common shares outstanding: Basic 57,188 57,020 57,176 57,090 Diluted 57,603 57,552 57,616 57,631 Earnings per share: Basic earnings $ 2.14 $ 2.24 $ 8.17 $ 8.54 Diluted earnings $ 2.12 $ 2.22 $ 8.11 $ 8.46 NORDSON CORPORATION CONSOLIDATED BALANCE SHEET (Unaudited) (Dollars in thousands) October 31, 2024 October 31, 2023 Cash and cash equivalents $ 115,952 $ 115,679 Receivables - net 594,663 590,886 Inventories - net 476,935 454,775 Other current assets 87,482 67,970 Total current assets 1,275,032 1,229,310 Property, plant & equipment - net 544,607 392,846 Goodwill 3,280,819 2,784,201 Other assets 900,508 845,413 $ 6,000,966 $ 5,251,770 Notes payable and debt due within one year $ 103,928 $ 115,662 Accounts payable and accrued liabilities 424,549 466,427 Total current liabilities 528,477 582,089 Long-term debt 2,101,197 1,621,394 Other liabilities 439,100 450,227 Total shareholders' equity 2,932,192 2,598,060 $ 6,000,966 $ 5,251,770 NORDSON CORPORATION CONSOLIDATED STATEMENT OF CASH FLOWS (Unaudited) (Dollars in thousands) Twelve Months Ended October 31, 2024 October 31, 2023 Cash flows from operating activities: Net Income $ 467,284 $ 487,493 Depreciation and amortization 136,175 111,898 Other non-cash items 5,883 16,105 Changes in operating assets and liabilities and other (53,149 ) 25,786 Net cash provided by operating activities 556,193 641,282 Cash flows from investing activities: Additions to property, plant and equipment (64,410 ) (34,583 ) Acquisitions of businesses, net of cash acquired (789,996 ) (1,422,780 ) Other - net 10,008 20,484 Net cash used in investing activities (844,398 ) (1,436,879 ) Cash flows from financing activities: Issuance (repayment) of long-term debt 464,353 976,043 Repayment of finance lease obligations (6,148 ) (6,840 ) Dividends paid (161,438 ) (150,356 ) Issuance of common shares 31,067 21,373 Purchase of treasury shares (33,339 ) (89,708 ) Net cash provided by financing activities 294,495 750,512 Effect of exchange rate change on cash (6,017 ) (2,693 ) Net change in cash and cash equivalents 273 (47,778 ) Cash and cash equivalents: Beginning of period 115,679 163,457 End of period $ 115,952 $ 115,679 NORDSON CORPORATION SALES BY GEOGRAPHIC SEGMENT (Unaudited) (Dollars in thousands) Three Months Ended Sales Variance October 31, 2024 October 31, 2023 Organic Acquisitions Currency Total Industrial precision solutions $ 392,150 $ 405,436 (5.5 )% 1.2 % 1.0 % (3.3 )% Medical and fluid solutions 200,223 168,632 (3.2 )% 21.4 % 0.5 % 18.7 % Advanced technology solutions 152,109 145,245 3.9 % — % 0.8 % 4.7 % Total sales $ 744,482 $ 719,313 (3.0 )% 5.7 % 0.8 % 3.5 % Americas 323,170 315,635 (6.0 )% 8.9 % (0.5 )% 2.4 % Europe 185,350 184,297 (6.6 )% 4.6 % 2.6 % 0.6 % Asia Pacific 235,962 219,381 4.2 % 2.0 % 1.4 % 7.6 % Total sales $ 744,482 $ 719,313 (3.0 )% 5.7 % 0.8 % 3.5 % Twelve Months Ended Sales Variance October 31, 2024 October 31, 2023 Organic Acquisitions Currency Total Industrial precision solutions $ 1,484,249 $ 1,391,046 0.1 % 6.6 % — % 6.7 % Medical and fluid solutions 695,452 660,316 (0.2 )% 5.4 % 0.1 % 5.3 % Advanced technology solutions 510,220 577,270 (11.4 )% — % (0.2 )% (11.6 )% Total sales $ 2,689,921 $ 2,628,632 (2.5 )% 4.8 % — % 2.3 % Americas 1,178,626 1,149,760 (1.9 )% 4.3 % 0.1 % 2.5 % Europe 726,100 682,676 (5.1 )% 10.2 % 1.3 % 6.4 % Asia Pacific 785,195 796,196 (1.0 )% 1.0 % (1.4 )% (1.4 )% Total sales $ 2,689,921 $ 2,628,632 (2.5 )% 4.8 % — % 2.3 % NORDSON CORPORATION RECONCILIATION OF NON-GAAP MEASURES - NET INCOME TO EBITDA (Unaudited) (Dollars in thousands) Three Months Ended Twelve Months Ended October 31, 2024 October 31, 2023 October 31, 2024 October 31, 2023 Net income 122,168 127,778 467,284 487,493 Income taxes 25,904 32,802 118,197 127,846 Interest expense - net 27,282 25,921 84,011 56,825 Other expense - net 3,538 (1,462 ) 4,509 597 Depreciation and amortization 36,528 31,261 136,175 111,898 Inventory step-up amortization (1) 4,759 4,556 7,703 8,862 Severance and other (1) 12,717 — 17,332 5,487 Acquisition-related costs (1) 8,200 6,244 13,957 19,966 EBITDA (non-GAAP) (2) 241,096 227,100 849,168 818,974 (1) Represents severance as well as fees and non-cash inventory charges associated with acquisitions. (2) EBITDA is a non-GAAP measure used by management to evaluate the Company's ongoing operations. EBITDA is defined as operating profit plus certain adjustments, such as severance, fees and non-cash inventory charges associated with acquisitions, plus depreciation and amortization. NORDSON CORPORATION RECONCILIATION OF NON-GAAP MEASURES - EBITDA (Unaudited) (Dollars in thousands) Three Months Ended Twelve Months Ended October 31, 2024 October 31, 2023 October 31, 2024 October 31, 2023 Industrial precision solutions $ 392,150 $ 405,436 $ 1,484,249 $ 1,391,046 Medical and fluid solutions 200,223 168,632 695,452 660,316 Advanced technology solutions 152,109 145,245 510,220 577,270 Total sales $ 744,482 $ 719,313 $ 2,689,921 $ 2,628,632 Industrial precision solutions $ 126,254 $ 131,450 $ 470,559 $ 460,889 Medical and fluid solutions 44,264 48,041 187,731 189,367 Advanced technology solutions 33,464 31,526 94,231 101,662 Corporate (25,090 ) (25,978 ) (78,520 ) (79,157 ) Total operating profit $ 178,892 $ 185,039 $ 674,001 $ 672,761 Industrial precision solutions $ 2,899 $ 4,658 $ 8,976 $ 4,658 Medical and fluid solutions 10,761 — 10,761 1,479 Advanced technology solutions 3,816 — 5,895 14,304 Corporate 8,200 6,142 13,360 13,874 Total adjustments $ 25,676 $ 10,800 $ 38,992 $ 34,315 Industrial precision solutions $ 14,035 $ 12,062 $ 56,856 $ 33,228 Medical and fluid solutions 17,239 13,547 58,061 54,988 Advanced technology solutions 3,340 3,529 13,433 15,185 Corporate 1,914 2,123 7,825 8,497 Total depreciation & amortization $ 36,528 $ 31,261 $ 136,175 $ 111,898 Industrial precision solutions $ 143,188 37 % $ 148,170 37 % $ 536,391 36 % $ 498,775 36 % Medical and fluid solutions 72,264 36 % 61,588 37 % 256,553 37 % 245,834 37 % Advanced technology solutions 40,620 27 % 35,055 24 % 113,559 22 % 131,151 23 % Corporate (14,976 ) (17,713 ) (57,335 ) (56,786 ) Total EBITDA $ 241,096 32 % $ 227,100 32 % $ 849,168 32 % $ 818,974 31 % (1) Represents severance as well as fees and non-cash inventory charges associated with acquisitions. (2) EBITDA is a non-GAAP measure used by management to evaluate the Company's ongoing operations. EBITDA is defined as operating profit plus certain adjustments, such as severance, fees and non-cash inventory charges associated with acquisitions, plus depreciation and amortization. NORDSON CORPORATION RECONCILIATION OF NON-GAAP MEASURES - ADJUSTED NET INCOME AND EARNINGS PER SHARE (Unaudited) (Dollars in thousands) Three Months Ended Twelve Months Ended October 31, 2024 October 31, 2023 October 31, 2024 October 31, 2023 Operating profit $ 178,892 $ 185,039 $ 674,001 $ 672,761 Other / interest expense - net (30,820 ) (24,459 ) (88,520 ) (57,422 ) Net income 122,168 127,778 467,284 487,493 Diluted earnings per share $ 2.12 $ 2.22 $ 8.11 $ 8.46 Shares outstanding - diluted 57,603 57,552 57,616 57,631 Inventory step-up amortization $ 4,759 $ 4,556 $ 7,703 $ 8,862 Severance and other 12,717 — 17,332 5,487 Acquisition costs 8,200 6,244 13,957 19,966 $ 19,560 $ 17,880 $ 76,972 $ 59,719 908 6,817 908 6,817 Total adjustments $ 46,144 $ 35,497 $ 116,872 $ 100,851 Adjustments net of tax $ 38,071 $ 28,247 $ 93,278 $ 79,898 EPS effect of adjustments and other discrete tax items $ 0.66 $ 0.49 $ 1.62 $ 1.39 Adjusted net income (1) $ 160,239 $ 156,025 $ 560,562 $ 567,391 Adjusted earnings per share (2) $ 2.78 $ 2.71 $ 9.73 $ 9.85 (1) Adjusted net income is a non-GAAP measure defined as net income plus tax effected adjustments and other discrete tax items. (2) Adjusted earnings per share is a non-GAAP measure defined as GAAP EPS adjusted for tax effected adjustments and other discrete tax items. NORDSON CORPORATION RECONCILIATION OF NON-GAAP MEASURES - OPERATING CASH FLOW TO FREE CASH FLOW (Unaudited) (Dollars in thousands) Year to Date October 31, 2024 July 31, 2024 April 30, 2024 January 31, 2024 Net cash provided by operating activities $ 556,193 $ 459,812 $ 294,964 $ 172,356 Additions to property, plant and equipment (64,410 ) (43,786 ) (21,907 ) (7,530 ) Free Cash Flow - Year to Date (1) 491,783 416,026 273,057 164,826 Free Cash Flow - Quarter to Date (2) 75,757 142,969 108,231 164,826 Net Income - Year to Date $ 467,284 Free Cash Flow Conversion (3) 105 % Year to Date October 31, 2023 July 31, 2023 April 30, 2023 January 31, 2023 Net cash provided by operating activities $ 641,282 $ 478,072 $ 287,905 $ 123,337 Additions to property, plant and equipment (34,583 ) (24,244 ) (15,349 ) (9,302 ) Free Cash Flow (1) 606,699 453,828 272,556 114,035 Free Cash Flow - Quarter to Date (2) 152,871 181,272 158,521 114,035 (1) Free Cash Flow - Year to Date is a non-GAAP measure used by management to evaluate the Company's ongoing operations and is defined as Net cash provided by operating activities minus Additions to property, plant and equipment. (2) Free Cash Flow - Quarter to Date is a non-GAAP measure used by management to evaluate the Company's ongoing operations and is equal to Free Cash Flow - Year to Date less prior period Free Cash Flow - Year to Date. (3) Free Cash Flow Conversion - Year to Date is a non-GAAP measure used by management to evaluate the Company's ongoing operations and is defined as Free Cash Flow - Year to Date divided by Net Income - Year to Date. Management uses certain non-GAAP measures, such as adjusted net income, adjusted EPS and EBITDA, internally to make strategic decisions, forecast future results, and evaluate the Company's current performance. Given management's use of these non-GAAP measures, the Company believes these measures are important to investors in understanding the Company's current and future operating results as seen through the eyes of management. In addition, management believes these non-GAAP measures are useful to investors in enabling them to better assess changes in the Company's core business across different time periods. Because non-GAAP financial measures are not standardized, it may not be possible to compare these financial measures to other companies' non-GAAP financial measures, even if they have similar names. Amounts may not add due to rounding. View source version on : CONTACT: Lara Mahoney Vice President, Investor Relations & Corporate Communications 440.204.9985 KEYWORD: OHIO UNITED STATES NORTH AMERICA INDUSTRY KEYWORD: ELECTRONIC DESIGN AUTOMATION PACKAGING ENGINEERING SEMICONDUCTOR TECHNOLOGY MANUFACTURING OTHER MANUFACTURING SOURCE: Nordson Corporation Copyright Business Wire 2024. PUB: 12/11/2024 04:30 PM/DISC: 12/11/2024 04:32 PM
Stocks shook off a choppy start to finish higher Monday, as Wall Street kicked off a holiday-shortened week. The S&P 500 ended 0.7% higher after having been down 0.5% in the early going. The Dow Jones Industrial Average also recovered from an early slide to eke out a 0.2% gain. The tech-heavy Nasdaq composite rose 1%. Gains in technology and communications stocks accounted for much of the gains, outweighing losses in consumer goods companies and elsewhere in the market. Semiconductor giant Nvidia, whose enormous valuation gives it an outsize influence on indexes, rose 3.7%. Broadcom climbed 5.5% to also help support the broader market. Walmart fell 2% and PepsiCo slid 1%. Japanese automakers Honda and Nissan said they are talking about combining in a deal that might also include Mitsubishi Motors. U.S.-listed shares in Honda jumped 12.7%, while Nissan ended flat. Eli Lilly rose 3.7% after announcing that regulators approved Zepbound as the first and only prescription medicine for adults with sleep apnea. Department store Nordstrom fell 1.5% after it agreed to be taken private by Nordstrom family members and a Mexican retail group in a $6.25 billion deal. All told, the S&P 500 rose 43.22 points to 5,974.07. The Dow gained 66.69 points to 42,906.95. The Nasdaq rose 192.29 points to 19,764.89. Traders got a look at a new snapshot of U.S. consumer confidence Monday. The Conference Board said that consumer confidence slipped in December. Its consumer confidence index fell back to 104.7 from 112.8 in November. Wall Street was expecting a reading of 113.8. The unexpectedly weak consumer confidence update follows several generally strong economic reports last week. One report showed the overall economy grew at a 3.1% annualized rate during the summer, faster than earlier thought. The latest report on unemployment benefit applications showed that the job market remains solid. A report on Friday said a measure of inflation the Federal Reserve likes to use was slightly lower last month than economists expected. Worries about inflation edging higher again had been weighing on Wall Street and the Fed. The central bank just delivered its third cut to interest rates this year, but inflation has been hovering stubbornly above its target of 2%. It has signaled that it could deliver fewer cuts to interest rates next year than it earlier anticipated because of concerns over inflation. Expectations for more interest rate cuts have helped drive a roughly 25% gain for the S&P 500 in 2024. That drive included 57 all-time highs this year. Inflation concerns have added to uncertainties heading into 2025, which include the labor market's path ahead and shifting economic policies under an incoming President Donald Trump. "Put simply, much of the strong market performance prior to last week was driven by expectations that a best-case scenario was the base case for 2025," said Brent Schutte, chief investment officer at Northwestern Mutual Wealth Management Company Treasury yields rose in the bond market. The yield on the 10-year Treasury rose to 4.59% from 4.53% late Friday. European markets closed mostly lower, while markets in Asia gained ground. Wall Street has several other economic reports to look forward to this week. On Tuesday, the U.S. will release its November report for sales of newly constructed homes. A weekly update on unemployment benefits is expected on Thursday. Markets in the U.S. will close at 1 p.m. Eastern on Tuesday for Christmas Eve and will remain closed on Wednesday for Christmas.AP News Summary at 4:32 p.m. ESTNorthrop Grumman ( NYSE: NOC ) on Wednesday said its board of directors has authorized an additional $3 billion for the repurchase of the company's common stock, increasing the outstanding authorized amount to about $4.2 billion. Source: Press Release More on Northrop Grumman Northrop Grumman: Priming For Offense When It's Not Needed U.S. is said to ready $725M arms package for Ukraine
WASHINGTON — Only about 2 in 10 Americans approve of President Joe Biden's decision to pardon his son Hunter after earlier promising he would do no such thing, according to a poll from The Associated Press-NORC Center for Public Affairs Research. That displeasure tracks with the bipartisan uproar in Washington that ignited over the president's about-face. The survey found that a relatively small share of Americans "strongly" or "somewhat" approve of the pardon, which came after the younger Biden was convicted on gun and tax charges. About half said they "strongly" or "somewhat" disapprove, and about 2 in 10 neither approve nor disapprove. The Democratic president said repeatedly that he would not use his pardon power for the benefit of his family, and the White House continued to insist, even after Republican Donald Trump's election win in November, that Biden's position had not changed — until it suddenly did. "I know it's not right to believe politicians as far as what they say compared to what they do, but he did explicitly say, 'I will not pardon my son,'" said Peter Prestia, a 59-year-old Republican from Woodland Park, New Jersey, just west of New York City, who said he strongly disagreed with the move. "So, it's just the fact that he went back on his word." In issuing a pardon Dec. 1, Biden argued that the Justice Department had presided over a "miscarriage of justice" in prosecuting his son. The president used some of the same kind of language that Trump does to describe the criminal cases against him and his other legal predicaments. White House press secretary Karine Jean-Pierre said it was a decision that Biden struggled with but came to shortly before he made the announcement, "because of how politically infected these cases were" as well as "what his political opponents were trying to do." The poll found that about 4 in 10 Democrats approve of the pardon, while about 3 in 10 disapprove and about one-quarter did not have an opinion or did not know enough to say. The vast majority of Republicans and about half of independents had a negative opinion. For some, it was easy to see family taking priority over politics. "Do you have kids?" asked Robert Jenkins, a 63-year-old Democrat who runs a lumber yard and gas station in Gallipolis, Ohio. "You're gonna leave office and not pardon your kid? I mean, it's a no-brainer to me." But Prestia, who is semiretired from working for a digital marketing conglomerate, said Biden would have been better off not making promises. "He does have that right to pardon anybody he wants. But he just should have kept his mouth shut, and he did it because it was before the election, so it's just a bold-faced lie," Prestia said. Despite the unpopularity of his decision, the president's approval rating has not shifted meaningfully since before his party lost the White House to Trump. About 4 in 10 Americans "somewhat" or "strongly" approve of the way Biden is handling his job as president, which is about where his approval rating stood in AP-NORC polls since January 2022. Still, the pardon keeps creating political shock waves, with Republicans, and even some top Democrats, decrying it. Older adults are more likely than younger ones to approve of Biden's pardoning his son, according to the poll, though their support is not especially strong. About one-third of those ages 60 and older approve, compared with about 2 in 10 adults under 60. The age divide is driven partially by the fact that younger adults are more likely than older ones to say they neither approve nor disapprove of the pardon or that they do not know enough to say. About 6 in 10 white adults disapprove of the pardon, compared with slightly less than half of Hispanic adults and about 3 in 10 Black adults. Relatively large shares of Black and Hispanic Americans — about 3 in 10 — were neutral, the poll found. "Don't say you're gonna do something and then fall back," said Trinell Champ, 43, a Democrat from Nederland, Texas, who works in the home health industry and said she disapproved of the pardon. "At the end of the day, all you have is your word." Champ, who is Black, voted for Democratic Vice President Kamala Harris over Trump. "I just had my hopes up for her, but I wasn't 100% positive," she said. Champ also said she does not approve of Biden's handling of the presidency and thinks the country is on the wrong track. "While he was in office, I felt like I really didn't see a lot of changes," she said. "I just felt like everything just kind of stayed the same," Champ said. Overall, though, the pardon did not appear to be a driving factor in many Americans' assessment of Biden's job performance. The share of Black Americans who approve of the way he is handling his job as president did fall slightly since October, but it is hard to assess what role the pardon may have played.Bieber re-signs with GuardiansNearly half of American teenagers say they are online “constantly” despite concerns about the effects of social media and smartphones on their mental health, according to a new report published Thursday by the Pew Research Center. As in past years, YouTube was the single most popular platform teenagers used — 90% said they watched videos on the site, down slightly from 95% in 2022. Nearly three-quarters said they visit YouTube every day. There was a slight downward trend in several popular apps teens used. For instance, 63% of teens said they used TikTok, down from 67% and Snapchat slipped to 55% from 59%. This small decline could be due to pandemic-era restrictions easing up and kids having more time to see friends in person, but it's not enough to be truly meaningful . X saw the biggest decline among teenage users. Only 17% of teenagers said they use X, down from 23% in 2022, the year Elon Musk bought the platform. Reddit held steady at 14%. About 6% of teenagers said they use Threads, Meta's answer to X that launched in 2023. The report comes as countries around the world are grappling with how to handle the effects of social media on young people's well-being. Australia recently passed a law banning kids under 16 from social networks, though it's unclear how it will be able to enforce the age limit — and whether it will come with unintended consequences such as isolating vulnerable kids from their peers. Meta's messaging service WhatsApp was a rare exception in that it saw the number of teenage users increase, to 23% from 17% in 2022. Pew also asked kids how often they use various online platforms. Small but significant numbers said they are on them “almost constantly.” For YouTube, 15% reported constant use, for TikTok, 16% and for Snapchat, 13%. As in previous surveys, girls were more likely to use TikTok almost constantly while boys gravitated to YouTube. There was no meaningful gender difference in the use of Snapchat, Instagram and Facebook. Roughly a quarter of Black and Hispanic teens said they visit TikTok almost constantly, compared with just 8% of white teenagers. The report was based on a survey of 1,391 U.S. teens ages 13 to 17 conducted from Sept. 18 to Oct. 10, 2024.
Applied Optoelectronics Closes Exchange of 2026 Notes and Concurrent Registered Direct OfferingSTRIKES could cause travel chaos for Brits across Europe this winter, including one at a major UK airport. Disruption is scheduled at a range of European airports, with some airlines also at risk of pilots and other employees striking. Tanker drivers employed by North Air at Edinburgh Airport are set to walk out for over two weeks, according to Scotland's largest union Unite. The strike will begin at 5am on Wednesday, December 18 and will end at the same time on Monday, January 6. The routes most likely to be affected include United Airlines' flights to New York, as well as Emirates' to Dubai, according to the union. It added that Loganair's domestic routes to the Scottish islands could also be "directly impacted". However, a spokesperson for the airport told The Independent that it is "working with airlines to understand their contingencies to minimise passenger disruption." United and Emirates are likely to be affected as they cannot store enough extra fuel from their incoming flights, due to their long distance, without exceeding safe landing limits. Loganair may be able to load extra fuel at locations such as the Isle of Man , Stornoway, Orkney, and Shetland to reduce the impact the strike may have on its flights. However, its more than 350 mile route to Southampton could prove more difficult due to runway payload restrictions. When fuel has not been available at an airport, long-haul carriers have previously flown short distances, such as London Heathrow to Stansted , to refuel. Those due to travel to Italy are also expected to suffer from disruption on and around Sunday December 15. Techno Sky employees, who manage the technological infrastructure for Italy's air navigation service, are set to strike for the entire 24 hours of Sunday. In addition, Techno Sky personnel at Milan Control Center, Linate Airport Center and Monte Settepani CRT will strike for four hours, from 13:00 to 17:00, on Sunday too. The company oversees operations at 45 Italian airports, and the industrial action is also being backed by two of Italy’s major transport unions: FILT-CGIL and UILT-UIL. Also joining the four hour walkout are air traffic controllers operating across Milan's three airports and Palma Airport, as well as workers from Aviation Services at Catania-Fontanarossa Airport. Finland has already been hit by strikes this winter, with walkouts on December 9 and 13 affecting 33,000 people after around 300 flights were cancelled. Action by the Finnish Air Line Pilots Association caused major disruption to Finnair operations, with one in three of its flights being cancelled on Friday. A look at your rights if a flight is delayed or cancelled, when your entitled to compensation and if your travel insurance can cover the costs. What are my rights if my flight is cancelled or delayed? Under UK law, airlines have to provide compensation if your flight arrives at its destination more than three hours late. If you're flying to or from the UK, your airline must let you choose a refund or an alternative flight. You will be able to get your money back for the part of your ticket that you haven't used yet. So if you booked a return flight and the outbound leg is cancelled, you can get the full cost of the return ticket refunded. But if travelling is essential, then your airline has to find you an alternative flight. This could even be with another airline. When am I not entitled to compensation? The airline doesn't have to give you a refund if the flight was cancelled due to reasons beyond their control, such as extreme weather. Disruptions caused by things like extreme weather, airport or air traffic control employee strikes or other ‘extraordinary circumstances’ are not eligible for compensation. Some airlines may stretch the definition of "extraordinary circumstances" but you can challenge them through the aviation regulator the Civil Aviation Authority (CAA). Will my insurance cover me if my flight is cancelled? If you can't claim compensation directly through the airline, your travel insurance may refund you. Policies vary so you should check the small print, but a delay of eight to 12 hours will normally mean you qualify for some money from your insurer. Remember to get written confirmation of your delay from the airport as your insurer will need proof. If your flight is cancelled entirely, you're unlikely to be covered by your insurance. Since September, EasyJet employees in France have been striking in protest against the closure of the operator’s Toulouse hub, scheduled for March 2025. It’s thought that 125 employees could be affected, and the strike is set to continue until Monday December 16. This comes as Brits have been warned to brace for busy Christmas travel period which could cause chaos. Heathrow Airport has said it is preparing for its busiest ever Christmas Day. It expects the number of passengers travelling through its terminals on December 25 to be 21 per cent higher than on the same day last year. The airport also predicts that passenger numbers for the month as a whole will exceed the previous record of 6.7 million in 2023. It made the forecast after confirming it served 6.5 million passengers last month in the "busiest ever November". Heathrow chief executive Thomas Woldbye said: “As we embrace the festive season, our focus remains on ensuring smooth, joyful journeys – whether it is helping passengers get away for Christmas to reunite with their loved ones, or making sure cargo reaches its destination on time.” Meanwhile, those travelling by rail may also face delays after West Coast train managers voted to strike for three days over the Christmas period. The RMT union said that walkouts have been scheduled for 22, 23 and 29 December for Avanti services after rejecting the train company's proposals for "rest day working arrangements". Train managers usually work a 41-hour week but due to staff shortages can be asked to work on their days off - but the RMT said that the current arrangements were "unacceptable". A spokesperson for Avanti West Coast said that at "one of our busiest and most important times of the year" customers "will now face significant disruption because of these strikes". Rail services on all three days are expected to be limited. A revised timetable for 22 and 23 December should be made available from today. Around 300 train managers are expected to join the walkout. Drivers travelling over Christmas have been warned to check their preferred route before setting off - with delays expected at five major motorways. It is expected that some 16 million cars will take to the roads on December 23 and Christmas Eve. Brits could be forced to queue for hours, while demand for electric vehicle charging stations is set to soar. As the festive period gets ever-closer, the M1, M5, M6, M60 and M25 are all expected to be hit by severe traffic - especially on the final weekend before Christmas.Former cyber czar urges vigilance — "it's not the attackers... it's us"
Pirojpur court dismisses case against Tarique
Stocks shook off a choppy start to finish higher Monday, as Wall Street kicked off a holiday-shortened week. The S&P 500 ended 0.7% higher after having been down 0.5% in the early going. The Dow Jones Industrial Average also recovered from an early slide to eke out a 0.2% gain. The tech-heavy Nasdaq composite rose 1%. Gains in technology and communications stocks accounted for much of the gains, outweighing losses in consumer goods companies and elsewhere in the market. Semiconductor giant Nvidia, whose enormous valuation gives it an outsize influence on indexes, rose 3.7%. Broadcom climbed 5.5% to also help support the broader market. Walmart fell 2% and PepsiCo slid 1%. Japanese automakers Honda and Nissan said they are talking about combining in a deal that might also include Mitsubishi Motors. U.S.-listed shares in Honda jumped 12.7%, while Nissan ended flat. Eli Lilly rose 3.7% after announcing that regulators approved Zepbound as the first and only prescription medicine for adults with sleep apnea. Department store Nordstrom fell 1.5% after it agreed to be taken private by Nordstrom family members and a Mexican retail group in a $6.25 billion deal. All told, the S&P 500 rose 43.22 points to 5,974.07. The Dow gained 66.69 points to 42,906.95. The Nasdaq rose 192.29 points to 19,764.89. Traders got a look at a new snapshot of U.S. consumer confidence Monday. The Conference Board said that consumer confidence slipped in December. Its consumer confidence index fell back to 104.7 from 112.8 in November. Wall Street was expecting a reading of 113.8. The unexpectedly weak consumer confidence update follows several generally strong economic reports last week. One report showed the overall economy grew at a 3.1% annualized rate during the summer, faster than earlier thought. The latest report on unemployment benefit applications showed that the job market remains solid. A report on Friday said a measure of inflation the Federal Reserve likes to use was slightly lower last month than economists expected. Worries about inflation edging higher again had been weighing on Wall Street and the Fed. The central bank just delivered its third cut to interest rates this year, but inflation has been hovering stubbornly above its target of 2%. It has signaled that it could deliver fewer cuts to interest rates next year than it earlier anticipated because of concerns over inflation. Expectations for more interest rate cuts have helped drive a roughly 25% gain for the S&P 500 in 2024. That drive included 57 all-time highs this year. Inflation concerns have added to uncertainties heading into 2025, which include the labor market’s path ahead and shifting economic policies under an incoming President Donald Trump. “Put simply, much of the strong market performance prior to last week was driven by expectations that a best-case scenario was the base case for 2025,” said Brent Schutte, chief investment officer at Northwestern Mutual Wealth Management Company Treasury yields rose in the bond market. The yield on the 10-year Treasury rose to 4.59% from 4.53% late Friday. European markets closed mostly lower, while markets in Asia gained ground. Wall Street has several other economic reports to look forward to this week. On Tuesday, the U.S. will release its November report for sales of newly constructed homes. A weekly update on unemployment benefits is expected on Thursday. Markets in the U.S. will close at 1 p.m. Eastern on Tuesday for Christmas Eve and will remain closed on Wednesday for Christmas. Stocks shook off a choppy start to finish higher Monday, Former President Bill Clinton was admitted Monday to Georgetown University New Jersey gambling regulators have handed out $40,000 in fines On Tuesday, Dec. 10, The Business Journal hosted its 11thPM looks to ‘brighter future’ at Christmas and ‘wishes for peace in Middle East’
Awards season has arrived in the form of the Golden Globes nominations. The awards, which honor both movies and television programs, is often viewed as a preview of the upcoming Oscars. In this week's episode, co-hosts Bruce Miller and Terry Lipshetz go over the list, focusing largely on the movies, which tend to shine brightest at the ceremony. But they also take time to review a few of the TV shows, including the great, but rarely funny "The Bear," which is again in the comedy or musical category. We also have an interview with "Nickel Boys" director RaMell Ross, who spoke with Miller prior to the film receiving a nomination for best drama. Miller also talked with Aunjanue Ellis-Taylor, who starred in the film. Complete list of Golden Globe nominations “Wicked”; “Anora”; “Emilia Perez”; “Challengers”; “A Real Pain”; “The Substance” “The Brutalist”; “A Complete Unknown,”; “Conclave”; “Dune: Part Two”; “Nickel Boys;” “September 5” Jesse Eisenberg, “A Real Pain”; Hugh Grant, “Heretic”; Gabriel LaBelle, “Saturday Night; Jesse Plemons, “Kinds of Kindness”’ Glen Powell, “Hitman”; Sebastian Stan, “A Different Man” Amy Adams, “Nightbitch”; Cynthia Erivo, “Wicked”; Karla Sofia Gascón, “Emilia Pérez”; Mikey Madison “Anora”; Demi Moore, “The Substance”; Zendaya, “Challengers” Pamela Anderson, “The Last Showgirl′′; Angelina Jolie, ”Maria”; Nicole Kidman, “Babygirl”; Tilda Swinton, “The Room Next Door”; Fernanda Torres, “I’m Still Here”; Kate Winslet, “Lee” Adrien Brody, “The Brutalist”; Timothée Chalamet, “A Complete Unknown’; Colman Domingo, “Sing Sing”; Ralph Fiennes, “Conclave”; Sebastian Stan, “The Apprentice’’ “Alien: Romulus”; Beetlejuice Beetlejuice”; Deadpool & Wolverine”; “Gladiator II”; “Inside Out 2”; “Twisters”; “Wicked”; “The Wild Robot” “All We Imagine As Light′′; ”Emilia Pérez”; “The Girl With the Needle”; “I’m Still Here”; “The Seed of the Sacred Fig”; “Vermiglio” “Flow”; “Inside Out 2”; “Memoir of a Snail”; “Moana 2”; “Wallace and Gromit: Vengeance Most Fowl”; “The Wild Robot” Selena Gomez, ”Emilia Pérez”; Ariana Grande, “Wicked”; Felicity Jones, “The Brutalist”; Margaret Qualley, “The Substance”; Isabella Rossellini, “Conclave”; Zoe Saldaña, ”Emilia Pérez” Yura Borisov, “Anora”; Kieran Culkin, “A Real Pain”; Edward Norton, “A Complete Unknown”; Guy Pearce, “The Brutalist”; Jeremy Strong, ”The Apprentice”; Denzel Washington, “Gladiator II” Jacques Audiard, “Emilia Pérez”; Sean Baker, ”Anora”; Edward Berger, “Conclave”; Brady Corbet, “The Brutalist”; Coralie Fargeat, “The Substance”; Payal Kapadia, “All We Imagine As Light” Jacques Audiard, “Emilia Pérez”; Sean Baker, ”Anora”; Brady Corbet, Mona Fastvold, “The Brutalist”; Jesse Eisenberg, “A Real Pain”; Coralie Fargeat, “The Substance”; Peter Straughan, “Conclave” Volker Bertelmann, “Conclave”; Daniel Blumberg, “The Brutalist”; Kris Bowers, “The Wild Robot”; Clement Ducol, Camille “Emilia Pérez”; Trent Reznor, Atticus Ross, “Challengers”; Hans Zimmer, “Dune: Part Two” “Beautiful That Way” from “The Last Showgirl” (music/lyrics by Andrew Wyatt, Miley Cyrus, Lykke Zachrisson); “Compress/Repress” from “Challengers’ (music/lyrics by Trent Reznor, Atticus Ross, Luca Guadagnino; “El Mal” from EL MAL” from “Emilia Pérez” (music/lyrics by Clément Ducol, Camille, Jacques Audiard; “Forbidden Road” from ”Better Man′′ (music/lyrics by Robbie Williams, Freddy Wexler, Sacha Skarbek); “Kiss the Sky” from “The Wild Robot′′ (music/lyrics by Delacey, Jordan K. Johnson, Stefan Johnson, Maren Morris, Michael Pollack, Ali Tamposi); ”Mi Camino′′ from “Emilia Pérez” (music/lyrics by Clément Ducol, Camille) “Shogun”; “The Diplomat”; “Slow Horses”; “Mr. and Mrs. Smith”; “The Day of the Jackal”; “Squid Game” “Abbott Elementary”; “The Bear; “Hacks”; “Nobody Wants This”; “Only Murders in the Building”; “The Gentlemen” Donald Glover, “Mr. and Mrs. Smith”; Jake Gyllenhaal, “Presumed Innocent”; Gary Oldman, “Slow Horses”; Eddie Redmayne, “The Day of the Jackal”; Hiroyuki Sanada, “Shogun”; Billy Bob Thornton, “Landman” Kathy Bates, “Matlock”; Emma D’Arcy, “House of the Dragon”; Maya Erskine, “Mr. & Mrs. Smith”; Keira Knightley, “Black Doves”; Keri Russell, “The Diplomat”; Anna Sawai, “Shogun” Kristen Bell, “Nobody Wants This”; Quinta Brunson, “Abbott Elementary”; Ayo Edebiri, “The Bear”; Selena Gomez, “Only Murders in the Building”; Kathryn Hahn, “Agatha All Along”; Jean Smart, “Hacks” Adam Brody, “Nobody Wants This”; Ted Danson, “A Man on the Inside”; Steve Martin, “Only Murders in the Building”; Jason Segel, “Shrinking”; Martin Short, “Only Murders in the Building”; Jeremy All White, “The Bear” “Baby Reindeer”; Disclaimer"; “Monsters: The Lyle and Erik Menendez Story”; “The Penguin”; “Ripley”; “True Detective: Night Country” Cate Blanchett, “Disclaimer''; Jodie Foster, ”True Detective: Night Country"; Cristin Milioti, “The Penguin''; Sofia Vergara, ”Griselda"; Naomi Watts, “Feud: Capote vs. The Swans”; Kate Winslet, “The Regime” Colin Farrell, “The Penguin”; Richard Gadd, “Baby Reindeer”; Kevin Kline, “Disclaimer”; Cooper Koch, “Monsters: The Lyle and Erik Menendez Story”; Ewan McGregor, “A Gentleman in Moscow”; Andrew Scott, “Ripley” Liza Colón-Zayas, “The Bear”; Hannah Einbinder, “Hacks”; Dakota Fanning, “Ripley”; Jessica Gunning, “Baby Reindeer”; Allison Janney, “The Diplomat”; Kali Reis, “True Detective: Night Country” Tadanobu Asano, “Shogun''; Javier Bardem, “Monsters: The Lyle and Erik Menendez Story”; Harrison Ford, “Shrinking”; Jack Lowden “Slow Horses”; Diego Luna, “La Maquina”; Ebon Moss-Bachrach, “The Bear” Jamie Foxx, “Jamie Foxx: What Had Happened Was”; Nikki Glaser, “Nikki Glaser: Someday You'll Die”; Seth Meyers, “Seth Meyers: Dad Man Walking”; Adam Sandler, "Adam Sandler: Love You"; Ali Wong, “Ali Wong: Single Lady”; Ramy Youssef, “Ramy Youssef: More Feelings” —List compiled by The Associated Press Stay up-to-date on what's happening Receive the latest in local entertainment news in your inbox weekly!
David Coote will not appeal against the termination of his contract by referees’ body PGMOL, the PA news agency understands. Coote was sacked earlier this month after the emergence of a video in which he made derogatory remarks about Liverpool and their former manager Jurgen Klopp. Professional Game Match Officials Limited (PGMOL) said that a thorough investigation had concluded he was “in serious breach of the provisions of his employment contract, with his position deemed untenable”. “Supporting David Coote continues to be important to us and we remain committed to his welfare,” PGMOL’s statement on December 9 added. Coote had the right to appeal against the decision but PA understands the Nottinghamshire referee has decided not to. The video which triggered PGMOL’s investigation into Coote’s conduct first came to public attention on November 11. In it, Coote is asked for his views on a Liverpool match where he has just been fourth official, and describes them as “s***”. He then describes Klopp as a “c***”, and, asked why he felt that way, Coote says the German had “a right pop at me when I reffed them against Burnley in lockdown” and had accused him of lying. “I have got no interest in speaking to someone who’s f****** arrogant, so I do my best not to speak to him,” Coote said. Later in the video, Coote again refers to Klopp, this time as a “German c***”. The Football Association opened its own investigation into that video, understood to be centred on that last comment and whether Coote’s reference to Klopp’s nationality constituted an aggravated breach of its misconduct rules. The investigation by PGMOL which led to Coote’s contract being terminated is also understood to have looked at another video which appeared to show Coote snorting a white powder, purportedly during Euro 2024 where he was one of the assistant VARs for the tournament. European football’s governing body UEFA also appointed an ethics investigator to look into the matter.Tarar says no formal dialogue between PTI and govt yetWho are the favorites to win Golden Globes? | Streamed & Screened podcast
Ethereum, Solana, XRP Surge—Is Lightchain AI Poised To Join the Altcoin Season?India’s Data Centre Investments To Exceed $100 Billion by 2027: CBRETORONTO, Dec. 23, 2024 (GLOBE NEWSWIRE) — Blockmate Ventures Inc. (TSX.V: MATE) (OTCQB: MATEF) (FSE: 8MH1) (“ ” or the “ ”) is pleased to announce that it has closed its strategic investment (the “ ”) involving a group of strategic investors led by Antanas Guoga (Tony G) for gross proceeds of $1,400,000. This strategic funding supports Blockmate’s pursuit of industry leadership in blockchain innovation and underscores our commitment to sustainable and transformative technology. In connection with completion of the Offering, the Company has issued 14,000,000 units (each, a “ ”) at a price of $0.10 per Unit. Each Unit consists of one common share, and one common share purchase warrant exercisable to acquire a further common share at a price of $0.50 until December 23, 2027. All securities issued in connection with the Offering are subject to statutory restrictions on resale until April 24, 2025, in accordance with applicable securities laws. In addition, Tony G has voluntarily agreed to restrict resale of the 10,000,000 Units he acquired in the Offering until December 23, 2025. No finders’ fees or commissions were paid by the Company in connection with completion of the Offering. The Company also announces that it has granted 5,275,000 incentive stock options (the “ ”), 1,200,000 restricted share units (the “ ”) and 5,000,000 deferred share units (the “ ”) in accordance with its omnibus incentive plan (the “ ”) adopted by shareholders at the annual general and special meeting held on November 23, 2023. 625,000 of the Options vest immediately and are exercisable at a price of $0.21 for a period of thirty-six months. The remaining 5,000,000 Options vest quarterly over a twenty-four month period, and are exercisable at a price of $0.21 for a period of forty-eight months. The RSUs vest and will be settled in common shares of the Company after twelve months. The DSUs vest after twelve months but will only be settled in common shares of the Company upon the departure of the holder from the Company. 2,725,000 of the Options and all of the DSUs exceed the available room under the Incentive Plan. The Company intends to seek approval of shareholders to increase the size of the Incentive Plan at the next annual general meeting and will at that time seek ratification from shareholders for the additional Options and the DSUs. Until such time as shareholder ratification has been received, the additional Options and DSUs will not vest and will not be eligible for exercise or settlement. In the event shareholders elect not to ratify the grant, and room within the Incentive Plan is not available at the time, the additional Options and DSUs will be cancelled. In connection with the incentive grant, Domenic Carosa, a director of the Company, has been issued 5,000,000 Options and 5,000,000 DSUs. Prior to the grant, Mr. Carosa controlled 17,252,400 common shares, 1,500,000 incentive stock options, and 3,000,000 common share purchase warrants, of the Company, all of which are held by Carosa Corporation B.V., a holding company controlled by Domenic Carosa. The common shares controlled by Mr. Carosa prior to the grant represent approximately 15.1% of the issued and outstanding common shares of the Company. Following the grant, Mr. Carosa has control and direction over 17,252,400 common shares, 6,500,000 Options, 3,000,000 common share purchase warrants and 5,000,000 DSUs of the Company. Assuming the exercise and conversion of all of the Options, share purchase warrants and DSUs controlled by Mr. Carosa, he would have control and direction over 31,752,400 common shares of the Company representing approximately 19.8% of the then outstanding common shares of the Company. Mr. Carosa has acquired the securities for investment purposes and in connection with his compensation as a director of the Company and, as disclosed in the accompanying Early Warning Report, may in the future acquire or dispose of securities of the Company, through the market, privately or otherwise, as circumstances or market conditions warrant. A copy of the Early Warning Report filed with the applicable securities regulators regarding the above acquisition will be available under the profile for the Company on SEDAR+ ( ). Blockmate is a venture creator focussing on building fast-growing technology businesses relating to cutting edge sectors such as blockchain and renewable energy. Working with prospective founders, projects in incubation can benefit from the Blockmate ecosystem that offers tech, services, integrations and advice to accelerate the incubation of projects towards monetization. Recent projects include Hivello (download our free passive income app at ) and Sunified, digitising solar energy. The leadership team at Blockmate have successfully founded successful tech companies from the Dotcom era through to the social media era. Learn more about being a Blockmate at: . Blockmate welcomes investors to join the Company’s mailing list for the latest updates and industry research by subscribing at . ON BEHALF OF THE BOARD OF DIRECTORS Justin Rosenberg, Chief Executive Officer Blockmate Ventures Inc. (+1-580-262-6130) This news release contains “forward-looking statements” or “forward-looking information” (collectively, “forward-looking statements”) within the meaning of applicable securities legislation. All statements, other than statements of historical fact, are forward-looking statements and are based on the assumptions, expectations, estimates and projections as of the date of this news release. Forward-looking statements are subject to a variety of known and unknown risks, uncertainties and other factors that could cause actual events or results to differ from those expressed or implied by forward-looking statements contained herein. 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. Raindrop disclaims any obligation to update any forward-looking statements, whether because of new information, future events or otherwise, except as may be required by applicable securities laws. Readers should not place undue reliance on forward-looking statements.
