NBA Fearless Forecast Weekly Rank: 85
NBA Fearless Forecast Weekly Rank: 85
UK supermarket Aldi said all 30,000 of its store assistants will get a pay rise as it intends to boost its minimum hourly rates from 1 February to recognise their contribution.
Eddie Ransome, 29, and Jodi Dawkin, 24, were arrested in June last year after police raided their home in Holywell, Cambridgeshire.
The "Global Referral Management Market Analysis 2020" report has been added to ResearchAndMarkets.com's offering.
The ITA also charged Dumitru Captari of Romania -- who competed alongside Rahimov in the under-77 kg event in Rio de Janeiro - with offences that took place "over a period of time in 2016". Both athletes have been provisionally suspended but it is unclear if the allegations span the 2016 Rio Games where Rahimov claimed gold with a world record lift.
The Swiss-U.S. company has benefited from the pandemic-induced work-from-home trend, as demand for its products has surged.
National Mall and Washington Monument both closed to public on Inauguration Day following safety concerns
Infosys (NYSE: INFY), a global leader in next-generation digital services and consulting, today announced the launch of an Infosys Cobalt offering - its applied AI cloud, built on NVIDIA DGXTM A100 systems, the universal system for all AI workloads, offering unprecedented compute density, performance, and flexibility. The powerful new Infosys applied AI cloud will be an AI center of excellence for the company, enabling developers and project teams at Infosys to quickly and easily access AI hardware and software stacks, across both private and public clouds, to build contextualized services that deliver AI-first business processes for enterprises. NVIDIA DGX A100 systems will provide the infrastructure and the advanced compute power needed for over 100 project teams to run machine learning and deep learning operations, simultaneously. NVIDIA Multi-Instance GPU (MIG) technology will enable Infosys to improve infrastructure efficiency and maximize utilization of each DGX A100 system. Teams can process AI algorithms centrally or locally on any device, without lag, using Infosys edge AI.
Lazard Ltd (NYSE: LAZ) will announce its full-year and fourth-quarter 2020 results in a press release to be issued Friday morning, February 5, 2021.
AC Milan signed 34-year-old Mario Mandžukić on Tuesday, giving 39-year-old Zlatan Ibrahimovic support in attack for the Italian league leader’s title challenge. Milan said the Croatia veteran “agreed on a deal until the end of the current season with an option to extend the contract for the next one." Mandžukić returns to Serie A - where he won four straight titles with Juventus from 2015-19 - after a spell in Qatar with league winner Al-Duhail.
U.S. stock futures were in the green on Tuesday for the start of a shortened week after markets were closed on Monday for Martin Luther King Day. Dow futures were up 0.6%, S&P futures were 0.7% stronger and Nasdaq futures were almost 1% higher at the time of writing. In earnings news, shares of Logitech (LOGI) were almost 5% higher in pre-market trading after reporting better-than-expected third quarter results. The computer peripherals and software manufacturer also raised its 2021 sales and operating income forecasts as demand for its products continue to rise amid the coronavirus pandemic. Year-on-year third quarter earnings and sales grew 192% and 85%, respectively. Marriott International (MAR) plans to expand its global footprint by opening 100 properties across the Asia Pacific region. The multinational hotels group sees China as a particularly lucrative market and is positioning itself to take advantage of China’s growth in the luxury goods and services space, which is expected to be the largest in the world by 2025. Marriott’s expansion across Asia Pacific includes Australia, India and the Maldives. Amazon (AMZN) is planning to invest €230 million to open two new logistic centers in Italy amid increasing demand for delivery and warehouse services during the coronavirus pandemic. The expansion of its facilities, which are expected to be operational by autumn 2021, will create 1,100 permanent jobs over the next three years. A total of €5.8 billion invested since 2010 has already provided employment to 8,500 Italian workers, with Italian merchandise exports through the Amazon Portal exceeding €500 million in 2019. MasterCraft Boat Holdings (MCFT) has launched a digital platform called the MasterCraft Experience Digital Boat Show to engage with its customers and dealer partners during the coronavirus pandemic. The platform will provide a 360-degree experience showcasing new content, exclusive model walkthroughs, as well as innovations to facilitate the boat-buying process. The digital boat show will be free for its customers and can be accessed on any device on its website at any time. In mining news, Canadian Mining company, Turquoise Hill Resources (TRQ), issued production guidance for its Oyu Tolgoi mine, saying that the gold production in 2021 would be higher than in 2020. The miner explained the increased production forecast as the result of “transitioning to the higher-grade ore lower in Phase 4B.” Forecasted Operating Cash Costs for 2021 are expected to be between $800 million – $850 million. Meanwhile, Canadian oil and gas producer, Vermilion Energy (VET), approved an exploration and development (E&D) capital budget of $300 million for 2021, which is 17% lower than a year ago. Vermilion aims to utilize the 2021 capital budget to maximize returns, improve free cash flow, and facilitate debt reduction. It expects to deliver annual average production of 83,000 to 85,000 barrels of oil equivalent per day. More recent articles from Smarter Analyst: Oil Giant Total Inks $2.5B Deal For 20% Stake In India’s Adani; Shares Gain Logitech Lifts FY21 Outlook After 3Q Beat; Street Is Bullish Marriott Expects to Open 100 Properties Across Asia Pacific Amazon To Invest €230M To Open Two New Logistic Hubs In Italy
Slovenia's leftist opposition decided on Tuesday to drop temporarily a no-confidence motion against the centre-right government as some deputies would not be able to participate in the vote because of COVID-19 infections. The leader of the Pensioners' Party DESUS, Karl Erjavec, who had been proposed as the candidate to take over from Prime Minister Janez Jansa if the opposition motion had succeeded, withdrew his candidacy, the national STA news agency reported. The vote had been due to take place on Wednesday after DESUS gathered the required 42 signatures among deputies, but an outbreak of COVID-19 infections among some lawmakers and subsequent self-isolation measures forced the delay.
Tandav, starring Bollywood actor Saif Ali Khan, was accused of 'deliberately mocking Hindu gods'.
Human trials of a coronavirus vaccine combining Russia's Sputnik V shot with that developed by Britain's AstraZeneca and Oxford University are expected to start in early February, the chairman of Russian drugmaker R-Pharm told Reuters. AstraZeneca first announced plans to explore the possibility of working with Russian scientists on a combined vaccine in December, interpreted by Moscow as a vote of confidence in its vaccine. There have been few details on where and how the trials will be run, but R-Pharm Chairman Alexei Repik, whose company will produce both Sputnik V and AstraZeneca shots, said human trials of a combined vaccine are expected to begin early next month.
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Authorities early Tuesday lifted a shelter-in-place order hours after a string of shootings left at least four people injured in a community in Pennsylvania's Pocono Mountains. Authorities tweeted that while the investigation was ongoing, they did not believe the public was in “imminent danger.” Shots rang out on Monday not far from each other in at least four different areas of Monroe County, Pennsylvania.
Six of the deceased migrant labourers are said to be members of a single family
It could be a tough year for big cap tech stock investors amid multiple regulatory issues, argues one Wall Street analyst.
During the traffic stop the passenger in the front seat fled the car and began firing at officers, police said.
FORT LAUDERDALE, Fla., Jan. 19, 2021 (GLOBE NEWSWIRE) -- SEACOR Holdings Inc. (NYSE:CKH) released the following statement today: This response is to the January 11, 2021 letter from T. Rowe Price (hereinafter “T. Rowe”) addressed to our Board of Directors regarding the pending tender offer (the “Offer”) by American Industrial Partners (“AIP”) to acquire 100% of the shares of SEACOR Holdings Inc. (“SEACOR”), and explains why SEACOR disagrees with T. Rowe’s conclusions and why the Board continues to recommend that SEACOR’s stockholders accept the Offer. The Offer is the result of a robust process in which our Board engaged a financial advisor to develop and consider a full range of strategic alternatives, including a stand-alone strategy. This process culminated in a competitive auction with numerous potential financial and strategic parties involved. The Offer price reflects active price negotiations with AIP that ultimately resulted in AIP improving its final bid. The SEACOR Board looked beyond current financial performance and economic conditions in evaluating the Offer price, and carefully considered SEACOR’s long term prospects in assessing its value. As part of this process, the Board undertook a detailed and exhaustive review of SEACOR’s diverse businesses, and considered a five-year financial plan developed by SEACOR management. The plan included a forecast of both the expected cash flows to be generated by the businesses and the capital expenditures necessary over this five-year period. The review also focused on the assumptions behind, and risks and potential upside to, the forecast. Notably, the plan assessed the near-term weakness in financial performance linked to the pandemic. The forecast anticipated a strong recovery in general economic conditions and improved fundamentals for SEACOR’s cyclical industries. The plan presented to the Board assumed meaningful EBITDA improvement, from $92 million in 2020 to $144 million in 2024, an 11.9% compound annual growth rate. In weighing all possible strategic alternatives – including a stand-alone strategy that might pursue acquisitions, divestitures of assets or business lines, sale lease-backs, share repurchases or increasing use of financial leverage – the Board concluded that selling SEACOR could create the most value for SEACOR stockholders. Based on the expected future performance of SEACOR’s businesses, the Board concluded that a sale for an all-cash price of $41.50 per share would represent an attractive price and deliver immediate value for SEACOR’s stockholders. In its letter, T. Rowe expresses surprise that the Offer price does not represent a premium to SEACOR’s book value, particularly because some assets are carried on the Company’s books for less than might be realized if they were sold separately. It is important to understand that selling whole divisions or core assets is different from disposing of a few discrete assets. The Board carefully considered sales of assets or business lines as part of the strategic review process and concluded that the significant time, overhead expense and exposure to risk that would be required to do so made it an inferior alternative to selling the entire company. T. Rowe’s letter references two over age bulk carriers that survived longer than their anticipated useful life as examples of assets that have potential to contribute more cash flow than would be expected from their de minimis book value. These vessels actually are an example of why there is no predictable or “steady state” EBITDA for a company with SEACOR’s complex asset portfolio. One of those ships was scrapped last year after generating negative cash flows, and the second one will most likely be scrapped this spring. In summary, the recommendation of the Board of Directors that SEACOR’s stockholders accept the Offer price of $41.50 follows careful consideration of all options for optimizing value for stockholders and is underpinned by an in-depth analysis of future cash flows. Charles FabrikantChairman of the Board and CEO * * * * * About SEACOR Holdings SEACOR Holdings Inc. is a diversified holding company with interests in domestic and international transportation and logistics, crisis and emergency management, and clean fuel and power solutions. SEACOR is publicly traded on the New York Stock Exchange under the symbol CKH. About American Industrial PartnersAmerican Industrial Partners is an operationally oriented private equity firm that makes control investments in industrial businesses serving domestic and global markets. The firm has deep roots in the industrial economy and has been active in private equity investing since 1989. To date, AIP has completed over 100 transactions and currently has more than $7 billion of assets under management on behalf of leading pension, endowment and financial institutions. For more information on AIP, visit www.americanindustrial.com. Additional Information and Where to Find ItThe tender offer described in this communication commenced on December 18, 2020. This communication is for informational purposes only and is neither an offer to purchase nor a solicitation of an offer to sell shares of the Company. On December 18, 2019, an entity that AIP controls filed with the United States Securities and Exchange Commission (the “SEC”) a Tender Offer Statement on Schedule TO, and the Company filed with the SEC a Solicitation/Recommendation Statement on Schedule 14D-9. THE COMPANY’S STOCKHOLDERS AND OTHER INVESTORS ARE URGED TO READ THE TENDER OFFER MATERIALS (INCLUDING AN OFFER TO PURCHASE, A RELATED LETTER OF TRANSMITTAL AND CERTAIN OTHER TENDER OFFER DOCUMENTS) AND THE SOLICITATION/RECOMMENDATION STATEMENT BECAUSE THEY CONTAIN IMPORTANT INFORMATION WHICH SHOULD BE READ CAREFULLY BEFORE ANY DECISION IS MADE WITH RESPECT TO THE TENDER OFFER. The Tender Offer Statement and the Solicitation/Recommendation Statement are available for free at the SEC’s web site at www.sec.gov. Additional copies may be obtained for free by contacting the Company. Free copies of these materials and certain other offering documents will be made available by the Company upon request by mail to SEACOR Holdings Inc., 2200 Eller Drive, P.O. Box 13038, Fort Lauderdale, FL 33316, attention: Investor Relations, or by phone at 1-954-523-2200, or by directing requests for such materials to the information agent for the offer, which will be named in the Tender Offer Statement. Copies of the documents filed with the SEC by the Company will be available free of charge under the “Investors” section of the Company’s internet website at seacorholdings.com. In addition to the Offer to Purchase, the related Letter of Transmittal and certain other tender offer documents, as well as the Solicitation/Recommendation Statement, the Company files annual, quarterly and current reports, proxy statements and other information with the SEC. The Company’s filings with the SEC are also available for free to the public from commercial document-retrieval services and at the website maintained by the SEC at www.sec.gov. Cautionary Note Regarding Forward-Looking StatementsThis communication includes “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Certain statements discussed in this communication as well as in other reports, materials and oral statements that the Company releases from time to time constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Generally, words such as “anticipate,” “estimate,” “expect,” “project,” “intend,” “believe,” “plan,” “target,” “forecast” and similar expressions are intended to identify forward-looking statements, including statements about the potential benefits of the proposed transaction, the prospective performance and outlook of the surviving company’s business, performance and opportunities, the ability of the parties to complete the proposed transaction and the expected timing of completion of the proposed transaction. Such forward-looking statements concern management’s expectations, strategic objectives, business prospects, anticipated economic performance and financial condition and other similar matters. Forward-looking statements are inherently uncertain and subject to a variety of assumptions, risks and uncertainties that could cause actual results to differ materially from those anticipated or expected by management of the Company. These statements are not guarantees of future performance and actual events or results may differ significantly from these statements. Actual events or results are subject to significant known and unknown risks, uncertainties and other important factors, including (i) uncertainties as to the timing and expected financing of the tender offer; (ii) the risk that the proposed transaction may not be completed, or if it is completed, that it will close in a timely manner; (iii) the possibility that competing offers or acquisition proposals for the Company will be made; (iv) uncertainty surrounding how many of the Company’s stockholders will tender their shares in the tender offer; (v) the possibility that any or all of the various conditions to the consummation of the tender offer may not be satisfied or waived; (vi) the possibility of business disruptions due to transaction-related uncertainty and the response of business partners to the announcement, including customers; (vii) the occurrence of any event, change or other circumstance that could give rise to the termination of the merger agreement; (viii) the risk that stockholder litigation in connection with the proposed transaction may result in significant costs of defense, indemnification and liability; (ix) risks relating to the COVID-19 pandemic, including the volatility the pandemic has caused in the capital markets and the effects it has had and could continue to have on the global economy and (x) various other matters and factors discussed in Item 1A (Risk Factors) of the Company’s Annual report on Form 10-K and other reports filed by the Company with the SEC. It should be understood that it is not possible to predict or identify all such factors. Consequently, the preceding should not be considered to be a complete discussion of all potential risks or uncertainties. Given these factors, investors and analysts should not place undue reliance on forward-looking statements. Forward-looking statements speak only as of the date of the document in which they are made. The Company disclaims any obligation or undertaking to provide any updates or revisions to any forward-looking statement to reflect any change in the Company’s expectations or any change in events, conditions or circumstances on which the forward-looking statement is based, except as required by law. It is advisable, however, to consult any further disclosures the Company makes on related subjects in its filings with the SEC, including Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q and Current Reports on Form 8-K (if any). These statements constitute the Company’s cautionary statements under the Private Securities Litigation Reform Act of 1995. CONTACT: Media Contact Stephen Pettibone / Mike DeGraff Sard Verbinnen & Co. SEACOR-SVC@sardverb.com
Halliburton Company (NYSE: HAL) announced today a net loss of $235 million, or $0.27 per diluted share, for the fourth quarter of 2020. This compares to a net loss for the third quarter of 2020 of $17 million, or $0.02 per diluted share. Adjusted net income for the fourth quarter of 2020, excluding impairments and other charges, was $160 million, or $0.18 per diluted share. This compares to adjusted net income for the third quarter of 2020, excluding severance and other charges, of $100 million, or $0.11 per diluted share. Halliburton's total revenue in the fourth quarter of 2020 was $3.2 billion, a 9% increase from revenue of $3.0 billion in the third quarter of 2020. Reported operating loss was $96 million in the fourth quarter of 2020 compared to reported operating income of $142 million in the third quarter of 2020. Excluding impairments and other charges, adjusted operating income was $350 million in the fourth quarter of 2020, a 27% increase from adjusted operating income of $275 million in the third quarter of 2020.