Adele says she is “single” — despite what you may have read.
Adele says she is “single” — despite what you may have read.
Larry Mattera has been appointed general manager of Capitol Records, the flagship label of Capitol Music Group (CMG), and executive VP of CMG. The announcement was made by CMG Chairman & CEO Jeff Vaughn, to whom Mattera will report. In his newly-created GM position, Mattera will helm the day-to-day operations of the label, and in […]
WATABE WEDDING Corporation (TOKYO: 4696), working to expand their wedding-related business throughout the world, will re-open "Michel’s at the Colony Surf," the French restaurant WATABE WEDDING operates in Waikiki on Hawaii’s Oahu Island, on Tuesday, December 1, 2020.
Rexnord to Participate in Melius Research Virtual Industrial Tech & Aerospace Forum
Announced today, workforce management software company WurkNow Inc. welcomes staffing industry veteran Robert Lawrence as VP of West Coast Sales.
Deadline Reminder: Law Offices of Howard G. Smith Reminds Investors of Looming Deadline in the Class Action Lawsuit Against JOYY Inc. (YY)
The "World - Industrial Roundwood (Non-Coniferous) - Market Analysis, Forecast, Size, Trends and Insights. Update: COVID-19 Impact" report has been added to ResearchAndMarkets.com's offering.
At least two people have died after a car drove into a pedestrian area in the city of Trier, Germany, on Tuesday. "We arrested one person and one vehicle was seized," Trier Police posted on Twitter. Several people have been injured, and more information will soon follow, Trier Police said.
Police dog Stark was struck multiple times until PC Paul Hopley tackled the teenager to the ground.
Commission-free stock trading app Freetrade will offer 3% interest on cash it holds for clients between their investments up to a maximum of 4,000 pounds, in a drive to attract more customers. London-based Freetrade said on Tuesday that the service, which will be offered to its premium account holders, will be calculated on cash balances on a daily basis and paid monthly. Freetrade's move is the latest by a fintech looking to attract new users with interest rates above the market average.
(Bloomberg) -- Since taking the wheel at Nikola Corp. in September, Mark Russell has been adamant the electric-truck startup doesn’t need a deal with General Motors Co. to survive. Now he has to prove it -- and fast.On Monday, the two companies unveiled a deal that is, in the eyes of many investors, more akin to a standard supply contract than the strategic partnership Nikola’s founder and ex-Chairman Trevor Milton envisioned when he cut a tentative agreement three months ago -- days before resigning from the company under a cloud.The agreement is, in essence, a repudiation of Milton’s grand ambitions and sets the company on a path more in line with Chief Executive Officer Russell’s sure-and-steady style: tapping GM’s expertise in hydrogen fuel cells and possibly batteries for its planned line of semis. The sexiest parts of the original pact were absent -- a GM stake in Nikola, and a GM-built pickup truck called the Nikola Badger -- as was any praise from GM CEO Mary Barra, who had previously called Nikola “an industry-leading disrupter.”Investors were disappointed to see those elements disappear and they dumped Nikola shares frantically on Monday, extending their plunge from a June peak to almost 75%. Now the 58-year-old Russell, described by friends as unassuming but confident, must regain the market’s trust by showing Nikola can actually produce vehicles by executing on its vision with the tools already in place.“The revised GM deal makes much more sense for Nikola long term,” the CEO said in an emailed statement.Nikola shares pared an early decline of as much as 18%, trading down 15% to $17.42 as of 10:45 a.m. in New York on Tuesday. Selling restrictions on certain Nikola insiders and investors ended on Monday, freeing up a large chunk of shares of its float for public trading that may put further pressure on the already depressed shares. A block of shares equivalent to 1.9% of the float traded at the 9:30 a.m. market opening.‘Mr. Detail’Russell was thrust into the spotlight when Milton bowed out after a short seller accused him and the company of deception. Milton and the company have denied misleading investors, but Nikola’s stock price has yet to recover from the blow. The no-nonsense Russell, who became CEO in June and took full directional control of the company three months later, now has to turn Milton’s dreams of a hydrogen-powered future into a real business.Despite having little of its own technology, Nikola went public in a June reverse merger after a $700 million deal with VectoIQ, a blank check company started by former GM Vice Chairman Steve Girsky. Buoyed by a wave of investment in electric vehicle startups and Milton’s cheerleading, its valuation soared as high as $28.7 billion at one point -- briefly hovering above that of Ford Motor Co.Russell, who speaks in measured tones and eschews publicity, is a study in contrasts with the outspoken Milton, who bragged the Badger would outsell the Ford F-150, hammed it up on stage at Nikola events and was an avid user of social media -- before deleting his Twitter and Instagram accounts. Russell is a process-oriented manager who earned his stripes in Ohio’s gritty steel business. Milton likes flying small planes while Russell prefers nature hikes. He isn’t on Twitter, Instagram or even LinkedIn.“Mark is ‘Mr. Detail’ who knows all the automotive suppliers,” said John Tumasoz, who runs Very Independent Research and has been following Russell’s career for more than a decade. “He is not visionary. He’s the opposite of what Trevor is viewed as.”To deliver its promise to shareholders and start producing trucks, Russell is trying to leverage Nikola’s technology-sharing relationships with GM and two European industrial powerhouses: German partner Robert Bosch Gmbh and Italy-based CNH Industrial NV’s Iveco unit. Russell also is hoping to find a partner to create a hydrogen fueling network for its big rigs.Arizona FactoryA battery-electric semi truck is due to go in production as part of a joint venture with Iveco by the end of next year in Ulm, Germany. Nikola also has a factory under construction in Coolidge, Arizona, where it hopes to build a fuel-cell semi truck by the end of 2023. To power those trucks, the Phoenix-based company hopes to move forward on building hydrogen fueling stations across North America, with ground-breaking on the first sites scheduled for the second quarter.When Russell was promoted to the role of CEO, he took over a company that had only a few of the pieces in place it needed to execute on all of its plans. But he was happy to take a back seat to Milton, the driving force behind Nikola’s aggressive strategy.Now, with investors raising questions about the company’s ability to deliver and the relationship with GM under scrutiny, Russell is focusing on a few core priorities -- even if that means abandoning a high-profile retail market vehicle like the Badger.“You might be amazed at how much my priorities and my focus is unchanged through all of the interesting last, you know, couple of months,” Russell said in an October interview.Russell joined Nikola in early 2019, six months after stepping down as president and chief operating officer of steel products manufacturer and automotive supplier Worthington Industries Inc. No official reason was given for his decision to leave that Columbus, Ohio-based company at age 55, but it came after Russell realized he would be passed over for the CEO role in favor of Andy Rose, who then served as chief financial officer, according to people familiar with the matter.Worthington declined to comment on Russell’s departure but Rose praised his former colleague in a statement.“Mark is very entrepreneurial. He made a significant impact on Worthington over the 11 years he spent with us,” he said.Reunion With MiltonRussell’s arrival at Nikola marked something of a reunion with Milton, who briefly worked at Worthington for less than a year after it acquired one of his earlier start-ups. Milton left in 2014 to found Nikola -- but got a subsequent $2 million seed investment from Worthington that has become very valuable to a company with significant operating losses and falling sales.Russell was elevated to Nikola’s CEO role at the urging of several key pre-IPO investors, including Fidelity Investments, according to people familiar with the decision. The investors pushed to replace Milton with Russell in that job as part of changes that included removing Milton’s father from the board, according to the people, who asked not to be named because the discussions were private.While they liked Milton’s vision, the investors saw Russell as a better day-to-day operator and custodian of their cash, the people said. That view of Russell as a cool-headed manager is shared by some analysts on Wall Street.“We view Mark as a tactician and more of a blocking-and-tackling CEO, which is exactly what Nikola needs at this critical juncture,” Wedbush analyst Dan Ives, who has an underperform rating on the stock, said in a recent email before Monday’s announcement.Mixing FaithRussell’s background is largely in metals. Prior to joining Worthington’s Steel unit in 2007, he ran an aluminum products acquisition group for three years. He was also at the helm of the now-defunct aluminum extrusion company Indalex Inc. between 2002 and 2004.“He was a breath of fresh air, really smart, really good and moral. If he said the wall is black, it was black. There’s no gray there,” Peter Karmanos, a Worthington Board member since 1997 said in an interview.Like Milton, Russell was born in Utah. He earned an integrated studies degree from Weber State University in Ogden, Utah, and a law degree from Brigham Young University’s J. Reuben Clark Law School. He practiced law for eight years before joining an aluminum company.Russell is deeply committed to his faith in all aspects of his life, according to Brad Agle, a professor of ethics and leadership at Brigham Young University’s Marriott School of Business. The pair first met in Pittsburgh in the late 1990s at a religious congregation near Pittsburgh and have remained close friends ever since, Agle said.Russell has rarely missed a day of reading the Bible or other scriptures since he was 16. Once on an international flight, he realized he hadn’t read any religious passages that day, so Russell walked down the aisles asking aloud if anyone had a book of scriptures he could borrow.Lockup ExtensionRussell’s stake in the company is valued at about $514 million, including options, according to Bloomberg calculations. He owns the shares directly and through an entity called T&M Residual, which Russell and Milton jointly own.Russell manages the T&M shares independent of Nikola, the company said. He recently agreed, along with several other unspecified strategic shareholders, to extend the lockup on those shares, it said.The CEO has been careful in recent weeks to avoid commenting about the tenure or current views of Milton, who remains the largest single investor in Nikola and whom Russell lauded a year ago when he called working with Milton “a dream come true.”Russell has said he was instrumental in getting Worthington to make its investment in Nikola and remains a true believer in its mission.“There’s a chance to help make the planet cleaner and more sustainable by solving one of the toughest nuts to crack here, which is long-haul, heavy transport,” Russell said in the October interview. “That’s why I helped convince Worthington to be the seed investor and to get this thing started with Trevor years ago.”(Updates shares in sixth paragaph. An earlier version of this story corrected the spelling of Steve Girsky’s last name.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
Anaplan still looks cheap given its growth profile, the large industry it's disrupting, and the gradual reopening of the economy.
Hydraulic parts, essential to modern equipment manufacturing, are mostly used in mobile machinery, industrial machinery and large-sized equipment. Especially, construction machinery consumes the overwhelming 40% hydraulic parts.New York, Dec. 01, 2020 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "Global and China Hydraulic Industry Report, 2020-2026" - https://www.reportlinker.com/p05993224/?utm_source=GNW Since 2017, China’s construction machinery industry has recovered, and the market has regained rapid growth thanks to the accelerated renewal of second-hand equipment, the positive effects of air pollution prevention and environmental protection policies on the market, the export growth stimulated by the “Belt and Road” Initiative, and the popularization and application of new technologies and methods in the field of construction. According to the statistics from China Construction Machinery Association, the entire industry achieved the revenue of RMB668.1 billion in 2019, an increase of 12% over 2018, after deducting incomparable factors, duplicate data and non-construction machinery revenue. The growth of the construction machinery industry has triggered higher demand for the hydraulic industry. In 2019, the global hydraulic market size was estimated at approximately EUR30.2 billion, marking a relatively mature stage with stable growth. Affected by the COVID-19 pandemic, the global hydraulic market size is expected to decline to roughly EUR27.5 billion in 2020. However, the market size will recover o EUR32.3 billion by 2026 after the pandemic ends. China’s hydraulic industry started in the 1950s. After decades of efforts, the overall technical level has been greatly improved, which offers strong support the stable development of the hydraulic industry. In order to mitigate the impact of the global financial crisis on the domestic economy, China has further bolstered infrastructure construction. The total output value of the hydraulic industry jumped from RMB26.9 billion in 2009 to RMB48.8 billion in 2014, with the CAGR of 12.65%. Since then, the industry has maintained a certain growth rate stably. The total output value of China’s hydraulic industry was about RMB55.4 billion in 2017, and is expected to reach RMB60.1 billion in 2019. As China emphasized “hosts over components” in the industrial development in the past, the development of China ’s hydraulic component industry lags behind that of hosts. The R&D and innovation capabilities of the hydraulic component industry cannot meet the higher and higher requirements proposed by hosts, and the structural surplus of low-end products and the structural shortage of high-end products coexist. On the one hand, domestic companies have overcapacity in medium and low-end products and pose severe homogeneity competition; on the other hand, low R&D and production levels of high-end products, especially high-end control components, cause a failure in the formation of effective supply. The global high-end hydraulic market is almost monopolized by a few hydraulic players such as Bosch Rexroth, Kawasaki Heavy Industries, etc., so that China depends on the import of medium and high-end hydraulic components in the long term. From the perspective of import and export data, the export of China’s hydraulic industry has grown rapidly in the past ten years, but it has not yet shaken off the long-term dependence on imports. From the perspective of market competition, the United States, Japan and Germany, as manufacturing powerhouses, have nurtured the most competitive precision hydraulic manufacturing giants in the world. The high technical barriers to the hydraulic industry have resulted in a high degree of concentration. With the expansion of the downstream application market, a number of tycoons have emerged, such as Bosch-Rexroth, Kawasaki Heavy Industries, Parker Hannifin, Eaton (acquired by Danfoss), etc. which master the most advanced hydraulic manufacturing technology in the world. Due to the short development history and low concentration of China’s hydraulic industry, most local companies are small in scale without independent innovation capabilities. Especially, the development of high-end hydraulic parts is seriously lagging behind the downstream equipment manufacturing industry. For a long time, China has heavily relied on imported high-end hydraulic parts, which poses a bottleneck restricting the development of China’s equipment manufacturing industry. In recent years, the emergence of several domestic hydraulic component companies, such as Jiangsu Hengli Hydraulic Co., Ltd and Yantai Eddie Precision Machinery Co., Ltd., has gradually changed the situation, and these companies have constantly improved competitiveness to get rid of the bottleneck gradually. Global and China Hydraulic Industry Report, 2020-2026 highlights the following: Hydraulic industry (definition and classification, industrial chain, technology trend. etc.); Global and Chinese hydraulic industry (market size and prediction, competition pattern, major subdivision market, import and export, etc.); Chinese construction machinery industry scale, competition pattern, etc.; 7 global and 20 Chinese hydraulic enterprises (profile, business, operation and new products, etc.). Read the full report: https://www.reportlinker.com/p05993224/?utm_source=GNW About Reportlinker ReportLinker is an award-winning market research solution. Reportlinker finds and organizes the latest industry data so you get all the market research you need - instantly, in one place. __________________________ CONTACT: Clare: firstname.lastname@example.org US: (339)-368-6001 Intl: +1 339-368-6001
PenFed Credit Union, the nation's second largest federal credit union, today announced the opening of a sweepstakes for $20,000 toward a PenFed auto loan. The sweepstakes application window is Dec. 1, 2020 through Jan. 31, 2021.
The "Materials Processing Equipment Global Market Insights 2020, Analysis and Forecast to 2025, by Manufacturers, Regions, Technology, Product Type" report has been added to ResearchAndMarkets.com's offering.
(Bloomberg) -- Federal Reserve Chair Jerome Powell cautioned lawmakers that the U.S. economy remains in a damaged and uncertain state despite progress made in the development of Covid-19 vaccines.“Recent news on the vaccine front is very positive for the medium term,” Powell said during a hearing Tuesday before the Senate Banking Committee. “For now, significant challenges and uncertainties remain, including timing, production and distribution, and efficacy across different groups.”Powell also pointed with concern to the resurgence of the virus across the U.S. and around the world.“The rise in new Covid-19 cases, both here and abroad, is concerning and could prove challenging in the next few months,” he said.Powell gave no immediate indication how the central bank may respond to those worries when it conducts its next policy meeting scheduled for Dec. 15-16, though he reiterated that it would use all of its tools to help the economy recover.Fiscal SupportResponding to a question from Democratic Senator Sherrod Brown of Ohio, Powell said the Fed remains committed to using its tools for as long as necessary. In addition, he said more fiscal stimulus may be necessary, after the Cares Act proved key to supporting the economy through the pandemic.In his testimony, Powell acknowledged that growth and the labor market had significantly rebounded since the second quarter of this year, but that many Americans continued to suffer.“Although we welcome this progress, we will not lose sight of the millions of Americans who remain out of work,” he said. He also said in response to questions that many small businesses are at risk of going out of business over the winter.Fed, Treasury FrictionThe hearing was the first appearance of the Fed chair and Treasury Secretary Steven Mnuchin together after they disagreed earlier this month over the expiration of several emergency loan programs set up after the pandemic hit in March.Fed officials including Powell had pushed for the extension of all the central bank’s lending facilities, saying they served as critical backstops and restored market confidence. Most of the funds are scheduled to expire on Dec. 31.But some of of the programs have been sparsely used. These include the Main Street facility, which supports bank lending to mid-sized companies, as well as facilities to aid the corporate bond market and the debt of cash-strapped municipalities.Mnuchin announced earlier this month that those Fed programs must sunset at the end of December, and asked the central bank to return unused funding authorized for the programs by Congress.The Fed responded -- in a rare public fracture between the two institutions -- that it “would prefer that the full suite of emergency facilities” remain as a backstop “for our still-strained and vulnerable economy.”Even with the disagreement, Mnuchin praised Powell during the hearing and said the two had been speaking “constantly.”(Adds comments from Powell responses.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
Ivory Coast has not sold up to 15% of cocoa from its ongoing main crop, while the vast majority of the upcoming mid-crop remains unsold as the COVID-19 pandemic drives down chocolate demand, four industry and regulatory sources said on Tuesday. The performance is the worst in decades for the world's top cocoa producer and comes amid an escalating standoff with industry buyers over a premium aimed at combating farmer poverty. Ivory Coast normally sells export contracts for all of its main crop and 30-40% of its mid-crop before the season begins in October.
The couple marked the sweet moment over the Thanksgiving holiday weekend.
“The Odyssey of King David: God’s Broken Vessel” by Dr. Sam Mayhugh and D. Paul Thomas illustrates how God’s love is unquestioning even in times of faithlessness NEWPORT BEACH, Calif., Dec. 01, 2020 (GLOBE NEWSWIRE) -- “The Odyssey of King David: God’s Broken Vessel” co-authored by Dr. Sam Mayhugh and D. Paul Thomas, and illustrated by Amy Zaleta-Martinez, delicately interlaces dramatic dialogue with a biblical story producing a moving portrayal of how sorrow and pain can bring forth meaning and hope. From his adulterous affair with Bathsheba to the death of his beloved son, Absalom, this dramatic meditation on the life of King David highlights one of the Bible's extraordinary figures and shows how God is always at work in people’s lives, even when they feel most alienated or alone. Clinical psychologist, Dr. Sam Mayhugh, and playwright, D. Paul Thomas, both apply their unique expertise to shine a new light on the story of Kind David. Dr. Mayhugh uses an analytical lens to dissect the emotional turbulence King David experiences throughout stories in the Bible in an enlightening way. Simultaneously, Thomas takes this new perspective and transforms it into a gripping narrative that is impossible to put down. “I want readers to have a spiritual meditative experience, to increase learning of the critical period in the Messianic path, and to come to understand that we are all broken and yet accepted and loved by God. In so recognizing, I want the reader to experience more of a sense of self-acceptance of our good and bad functioning while receiving and taking in the unconditional love and acceptance of God,” Dr. Mayhugh said. “God is faithful, even when we are faithless, empathizing with our humanity, and understanding that we are all ‘broken vessels’. In our doubts and fears, our losses and brokenness, God is an ever-present help, encouraging and empowering us to meet all of life’s challenges,” Thomas said. “In ‘The Odyssey of King David’, we are offered an integration of biblical story, character study, and psychological exploration of David. And then as readers, we are asked to consider our personal experiences and struggles, our resistance, fears and shame, and the great invitation to fall deeper into grace, both personally and collectively,” a reviewer wrote about the book. Everyone will see themselves in David's story and appreciate the insights that Dr. Sam and D. Paul Thomas offer them when they are overwhelmed by grief, sorrow, or remorse. Whether readers want to learn more about this young shepherd who became king of Israel or need encouragement to overcome life's sorrows and challenges, they will be inspired by “The Odyssey of King David.” “The Odyssey of King David: God’s Broken Vessel”By Dr. Sam Mayhugh and D. Paul ThomasISBN: 9781664201507 (softcover); 9781664201514 (electronic)Available at the WestBow Press Online Bookstore, Amazon, and Barnes & Noble About the authorsD. Paul Thomas, an actor and playwright, has appeared on stage in the New York premiere of Peter Handke’s Self Accusation; at the Kennedy Center as Jamie in Long Day’s Journey Into Night, directed by Jason Robards. Television and film credits include General Hospital, Beverly Hills 90210, L.A. Law, Melrose Place, The White Raven, Secret Files of the FBI, and Hanoi Hilton. Mr. Thomas’ play, Bonhoeffer 1945, was a “Best Pick” of the London Times. His “love letter to Indiana,” Serious Inquiries Only, was reviewed as “an endearing comedy” by The Los Angeles Times. His play, The Presentment, premiered at the Pasadena Playhouse, the Hollywood Reporter calling it a “heart-wrenching drama.” Currently, he is writing a one-person play based on The Odyssey of King David. He is also Creative Director of tgaproductions.org. After nearly fifty years in New York and Los Angeles, D. Paul is “back home again in Indiana,” where he resides with his wife, Debby. Dr. Sam Mayhugh is a practicing psychologist and Christian. He received his Bachelor of Arts from Olivet Nazarene University, a Master’s degree from Purdue University, a Doctorate from Indiana State University, a certificate in Managed Behavioral Health from Harvard, and a certificate in Scenarios and Strategic Planning from Oxford University. He has most recently published, “Harold’s Story: A Journey of Uncommon Healing”, “COVID - 19, Resources for Coping with the Pandemic and Beyond”, and “King David: God’s Broken Vessel”. He is also CEO of tgaproductions.org. Dr. Mayhugh currently resides in Newport Beach, California.WestBow Press is a strategic supported self-publishing alliance between HarperCollins Christian Publishing and Author Solutions, LLC — the world leader in supported self-publishing. Titles published through WestBow Press are evaluated for sales potential and considered for publication through Thomas Nelson and Zondervan. For more information, visit www.westbowpress.com or call (866)-928-1240.Attachment * 811394HiRes CONTACT: Kayla Rutledge LAVIDGE 480-648-7540 email@example.com
Facebook's "supreme court" tasked with deciding on allowing or removing sensitive and harmful content has begun operations, with a backlog of some 20,000 cases already piling up for the expert panel.
The Dow Jones Industrial Average jumped more than 400 points amid coronavirus vaccine news Tuesday. Tesla stock surged, but Zoom Video dived on earnings.